How can investors wholesaling properties find and buy off market homes to overcome challenges of tight housing inventory?Some wholesalers around the country are finding that they are facing tighter inventory levels and more competition, or at least are letting the media create the fear that they may face these issues soon. Of course, many may find the solution in simply looking to new areas where foreclosures are rising or where there is more growth, or just looking for new niches locally.Still, those wholesaling properties constantly crave more homes and better discounts, which can be found in off market homes.There are still plenty of homes that are vacant and in default or in which sellers need to or ought to sell now. Sometimes they just need prompting, some need to be made aware of the advantages and benefits of selling now versus the perils of waiting, or perhaps they just need to know how much they can get for their homes and that there is a serious buyer interested.So how do you find these off market houses and condos and contact the owners if they are not being advertised for sale?Tuning into non-performing mortgages notes and shadow inventory is one wholesaling strategy to consider and can be tapped into with software programs, by contacting banks, and through using social media, as well as networking.Driving neighborhoods and ‘farm’ areas is another strategy. This can be a good move on weekends when you may also discover more for sale by owner signs out and open houses to get into, and can be done with your family in tow. Leave notes, look up contact information online, send mailers or go armed with contracts and knock on doors to make offers on the spot.For those that aren’t as socially inclined, turn to looking up records or acquiring lead lists of prime prospects and calling, mailing or visiting them. There is a huge variety of ways to hone in on those that may be ripe for selling from those in distress to moving signals and simply going for those with the most equity and potential room for profits.Referrals are another great option and attorneys, real estate agents, counselors, financial planners, mortgage loan officers and others can all be great resources for off market homes with motivated sellers.However, make sure you give equal thought to dealing with responses, phones, filtering leads, and building a database to cultivate and follow up on those that don’t accept offers right away.
Tag Archives: Marketing
Raise Capital With Private Investors
If you have launched your own startup, your first biggest challenge is to raise capital. Fortunately, you choose from a lot of options to raise the funds your business needs. Among all the sources, crowdfunding is one of the best ones as it helps redefine how startups can get off the ground. In this article, we are going to help you know the benefits of raising capital with private investors through a crowdfunding platform. Read on to find out more.
Benefits of raising capital with private investors
1. Funding is not equity-based
First of all, crowdfunding is not necessarily equity-based. Although startups have the liberty to use the equity in order to catch the attention of potential investors, It’s not required to give up ownership to collect capital.
The good news is that some platforms allow their members to apply a reward-oriented approach in order to raise capital. For instance, if your business deals in a specific product, make sure you hand over a few units to your prospective investors before you roll it out for the ultimate users.
2. Attracting potential investors is easy
With crowdfunding, you can attract a lot of potential investors without putting in a lot of effort. Although you can try for angel investors, keep in mind that this process can cost you a lot of time. The reason is that you will have to pitch your small business concept several times.
On the other hand, if you use a crowdfunding platform, you will have to post your business pitch in only one place. And this page will be ready by hundreds of investors from across the globe.
These platforms have a lot of useful features that may help startups collect funds from investors. So, attracting potential investors and raising capital will be much easier using crowdfunding platforms.
3. Higher visibility
Crowdfunding can help you make your startup more visible. Since marketing may consume a large chunk of your budget, it makes sense to use a crowdfunding platform instead. For potential investors, it’s easy to fund a crowdfunding campaign.
And these activities can help boost the visibility of your brand. Plus, you can also attract investors for your next funding rounds.
The Bottom Line
If you want to raise funds for your startup, crowdfunding can be the best choice. All you need to do is become part of a crowdfunding platform and you will be able to tap into the pool of potential investors. And this will help you kick start your business and make it a success in the industry.