VIEWS: 6 PAGES: 3 CATEGORY: Strategy POSTED ON: 11/14/2012
In the world of real estate, not every transaction is going to be the same. If you adopt the same strategy for each and every real estate transaction that you do, you're going to encounter massive trouble in closing deals the way you expected them to do.
Real Estate Transaction Strategies That Boost Profitability By: Curt Cloyd – Director Personal Wealth Academy, LLC Real Estate Transaction Strategies That Boost Profitability By: Curt Cloyd – Director Personal Wealth Academy, LLC In the world of real estate, not every transaction is going to be the same. If you adopt the same strategy for each and every real estate transaction that you do, you're going to encounter massive trouble in closing deals the way you expected them to do. As a real estate investor, it's your job to engineer real estate transaction strategies that boost profitability. Just like how a salesman engineers a sales process and plans several moves ahead, you have to engineer each of your real estate transactions. But here’s the thing - Every transaction is not going to turn out the way you expect. But as you study and analyze each of the transactions that you do and improve upon them, you'll find that each and every transaction turns out almost exactly the way you expected it too. The more such transactions that you do, the faster you succeed. I just read an article by Augie from CreativeRealEstateInvestingGuide.com. The article talks about some effective no-money-down techniques that you can incorporate into your real estate investing business. There are actually two techniques mentioned in the article that really impressed me. If you or anyone were to employ it in your real estate business, you'll certainly experience significant improvements. 1. Building up your buying machine... The buying machine is the most critical aspect of your real estate business. Your buying machine consists of the following: Lead generation system Filtering out leads and converting them to customers Purchasing properties at below market prices Doing the right renovations Your financing options (i.e. your partnerships with private money and hard money firms who can help finance your deals) 2. Use of existing financing... Augie recommends purchasing “Subject To" properties because it can actually help take over the payments on an existing debt. You are not taking out a new mortgage for the deal. All you have to do is to make the remaining payments and the property is transferred into your name. It saves a lot of money and the hassle of taking out a new mortgage. But here's the rub... Building up your buying machine isn't that easy unless you already have a business that brings you in solid amounts of cash each and every month. Almost all lenders before providing you with the funds for your investments will look at how much cash flow your current business is generating. You won't qualify for most loans if you don't already have a business that's generating consistent cash flow. Therefore as a real estate investor, building a strong cash flow business needs to be your NUMBER #1 Priority. All other things don't matter as much as having a strong cash flow business. If you'd like to learn how to build a strong cash flow business for yourself, click here
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