Real estate investing companies, agents and entrepreneurs are all racing to get the edge as the peak summer home buying season quickly approaches.
What Can You do to Take the Lead?
1. Get Funded
Access to funds for buying power is going to be critical for being able to flip houses quickly while keeping risk low. Identify the best transactional funding sources for fast flips and get to know their systems. Work your contacts to line up as much private money as you can for streamlined real estate investing, getting the best deals on acquisitions and fixing up homes in a flash. If you have a really unique idea or new way to approach real estate investing or at least a new way to market it maybe you can even attract venture capital or an angel investor. Perhaps Silicon Valley should be on your list of vacation destinations this summer?
2. Know Your Retail Loan Programs
The biggest roadblock or speed bump to flipping more houses over the next month is likely to be access to mortgage loans for those who are interested in buying your homes. Forge relationships with great mortgage brokers and loan officers and get to know the best loan programs, including 100% financing options like VA and USDA home loans. You may also find brushing up on your real estate education by learning about local and state down payment assistance programs helps you sell more homes.
3. Build Your Lists
The more social connections and followers you have, the more email addresses on your opt-in list and the more investors you have phone numbers to on your cell the faster you will be able to turn around your real estate investing deals and get onto the next one.