All Stories

Packing My Bags to Go to Charlotte

I have to hustle and get all of the stuff ready before the first of February. That is when I am going to be starting my new position in the insurance company. I need to look for some nice one bedroom apartments charlotte nc and I am going to have to figure out what I need to take with me down there. In truth I am thinking that pretty much nothing in this place is going to go with me. I have a bed and the kitchen table belongs to me. My two room mates are already upset because they know that I own the router for the computer network and the big screen tv in the living room. I was at Sam’s Club a while back and I saw it on sale for four hundred dollars. Of course I had to have it, because this is a sixty one inch wide 1080p TV.

The job is not a huge promotion so far as the money goes, but the big thing is that it opens up the way forward for me. (more…)

How Not To Let Customer Service Crush Your Real Estate Wholesaling Business

Customer service makes or breaks real estate companies every day. So how can wholesaling CEOs prevent their business from becoming the next failure and victim of their own horrible customer service?

The importance of customer service cannot be underestimated in this business if investors want any hope of survival. Countless companies including giant brands in closed industries have self-sabotaged themselves into oblivion by neglecting customer service. And once your brand is tainted it can cost billions to try and get it back. Most real estate wholesalers don’t have that kind of extra capital laying around to fix mistakes, especially while no money is coming in the door.

Horrific customer service fails have been seen in a variety of industries lately. There was a hot naming tool for coming up with great businesses names promoted by a leading guru which could have been the best thing since sliced bread. Only the tool didn’t work online.

There is the hot new tablet with what could be a game changing, interactive live customer service feature. Unfortunately, even those customers that have already decided to buy it can’t get by being forced to watch a 3 minute pop up video first. This has probably eliminated over 90% of potential sales this holiday season and an enormous percentage of market share.

Then there is a certain cable company ‘X’ which has been spending millions on TV ads to promote a ’2 hour appointment guarantee’. Unfortunately phone reps for the company report they are receiving customer complaints all day long that technicians aren’t even showing up at all, while stores are packed out the door with customers trying to disconnect their services.

On the bright side there have been some great examples of treating customers right recently too.

There is the mobile phone company that changed the industry by doing away with contracts. There is the credit card company for those with less than perfect credit which still offers live answer help. And an online staffing company that provides instant online chat help that actually gets things done.

Should Investors Buy To Hold and Wholesale Houses At The Same Time

Does it make sense for buy and hold real estate investors to engage in wholesaling houses at the same time?

Real estate wholesalers and rental property owners are often found at each other’s throats in heated online debates. Both sides frequently bash the other and criticize their real estate investment strategies. So is there any happy medium in which property investors can engage both tactics at once, and what could the benefits of it be?

Wholesaling houses is considered the superior investment strategy in many ways today, and has proven to be a highly profitable long term strategy for many investors.

The benefits of wholesaling houses include low risk exposure, easy entry, rapid re-capitalization, high profit margins and more.

Many buy and hold real estate investors aren’t comfortably with flipping because they simply don’t understand it, or have been thoroughly brainwashed by real estate investing gurus selling them courses and coaching that focuses on building rental property portfolios.

There are certainly great incomes and even significant wealth to be had from buying and renting out homes. However, that doesn’t mean that being a landlord and managing rentals doesn’t come with many challenges and potential issues too, especially for newbies, but even in terms of cash flow shortages for veteran investors too.

Wholesaling houses can be an excellent why to augment a buy and hold property strategy and fill in the gaps. More than that, it is actually one of the best ways to shore up leaks and truly maximize all income opportunities and profit margins.

Wholesaling houses compliments rentals by providing critical lump sum of cash in the short term which can be used to expand portfolios and fund rehabs without taking on debt, to obtain better bargains on acquisitions and fill in until larger volumes of cash flow can be built up.

The beautiful thing is that is doesn’t take much effort to add flipping to the mix. For many it is just a matter of wholesaling the homes that they are already coming across and would otherwise leave to be wasted.

Leads aren’t cheap today. So if it is simply a matter of inking a contract and passing the deal onto another hungry investor for a fair amount of compensation, why not? At a minimum this could pay for all other lead generation and marketing activities and help to build referral relationships to receive the favor returned in the future.

Page 1 of 1412345678910Next ยป
© 2014 Real Estate Improvement. All rights reserved.
Powered by WordPress