This Makes a HUGE Impact on Your Credit Score

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Business Owners: This Makes a HUGE Impact on Your Credit Score

Many business owners wonder what will make the biggest impact on their credit score. The answer is using personal credit for business expenses! If you max out your personal credit card with business expenses and fail to make payments on time, then it will show up on your credit report. In order to be successful, it is imperative that you maintain your credit score. Those who do will be able to get approved for business credit cards and loans in the future. How can you prevent any further strain on your credit score? Let’s take a closer look. 

What is the credit utilization rate and how does it affect you?

The credit utilization rate is the sum of your balances divided by the amount that you were approved for. If you are above 20% of your credit utilization rate, it will lower your credit score. For example, if you have a $10K personal credit card and use $3K of it, then it will decrease your credit score. However, if you have a $5K business credit card and use $4800, your credit score will not be impacted. In many instances, your credit score will by using a business credit card as opposed to a personal credit card.

Business credit cards are a key to success.

Once you get into business credit cards, the banks will start offering you business loans as well. I receive offers almost weekly that are offering a $30K business loan or a term loan. Investors are always finding ways to bring money into their business so that they aren’t in a cash crunch. Part of that is using credit cards for down payments and escrow. By just going through one extra step to apply for business credit cards, you can continue to use credit cards without affecting your score.

Buying a property has never been easier!

A business credit card is a tool that will not only help you pay for business expenses, but it can also be used to purchase a property. There are services out there who can help you use your credit card to purchase a property as long as things are set up correctly. For example, if you have a $10K limit on a business credit card and want to buy a property for $5K, they can take it directly off of the credit card. That $5K can be used to pay the title company for the earnest money or down payment. In doing so, you can put the property under contract easily by just using a business credit card. Once the property is refinanced or sold, the money can be paid back. 

Create the flexibility you need to succeed! 

Business credit cards provide the flexibility you need to be successful.. The most important benefit to using them is that they will not impact your credit score if you run up the balances. Almost every investor runs up their balance. You are not alone! Don’t fall for the deceptive leverage of personal credit cards. By using more than 20%, it will not only affect your credit score, but it will also cost you more. 

Don’t let your business expenses affect your personal life.

While investors are trying to use the leverage that they have available, using personal credit just makes it harder. If you are a business owner who is doing flips and rental using your personal credit cards, it will affect your personal life. For example, if your wife wants to get a new car or you need a HELOC, you may not have the credit score or DTI that you need to qualify. Just to clarify, DTI is your debt to income ratio.The lenders who will be lending you money are going to see that you have $75K in credit cards and you will have to account for that in your income.

Make the change today!

Business credit cards make life easier for you in so many ways! Protect your credit score by separating business expenses from personal expenses today. Don’t make things harder on yourself! Those who make the switch to business credit cards will create the flexibility needed for business expenses, while maintaining your credit for future loans or projects.

Contact us today to find out more about business credit cards and how you can improve your credit score today!

Watch our most recent video to discover why This Makes a HUGE Impact on Your Credit Score.

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The BRRRR Method Returns Strong in 2024

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The BRRRR Method Returns Strong in 2024

What is hot today in real estate investing? The answer is BRRRR! It stands for buy, rehab, rent, refinance, and repeat. This BRRRR method returns strong in 2024, and is the perfect way to build your portfolio of rentals. By using it correctly, you can put little to no money in and win the real estate investing game.

How do you get started?

First and foremost, the success of BRRRR is dependent on buying properties that are under market value. These properties are often ones that the owner didn’t want to clean or fix up prior to selling. Once you bring the property up to market value, you will create wealth by creating equity. Unlike other  methods that take your money, BRRRR takes a little more work in order to be successful. There are a lot of great deals out there. It’s just a matter of finding them. Those who look at more properties will find better deals, as opposed to others who only look at one property a week. 

Example:

Homes in the area are $500K.

You buy a property under market value at $300K. 

By putting in $100K, you can then see what the real value is for the property.

The property is now worth market value.

Financing is the biggest roadblock.

How can you build your portfolio quickly and easily while using little to none of your own money? The answer is by finding the right loan. The right loan is one that allows you to buy an undermarket property, will cover the purchase, and cover the rehab. Since the success of BRRRR is reliant on buying properties that are under market, it is imperative that you have the right loan. To get on the fast track to success you need to use a  bridge loan, hard money loan, or a private loan when considering BRRRR.

Example:

Traditional loans:

Buy a rental property for $300K.

Traditional Lender requires 20% down, which totals $60K

Your $60K is gone.

This would be for only one property.

BRRRR

Buy a rental property for $300K

Closing costs are $6K.

If you were to  buy 10 properties it would total of $60K

After refinance the property would have $54K in equity.

If you bought 10 properties and refinanced them all, the equity would be $540K 

This is money that you have just created by using little to none of your own money. 

Creating equity by putting in sweat equity

Real estate investors who use the BRRRR strategy create both equity and a margin by putting in sweat equity. What is sweat equity? It is the time you spend finding the property and the time you spend fixing it up. In doing so, you’ve created the equity that can be used when you go to refinance without needing any money out of pocket.  Those who put in the effort will be successful in a matter of years.

Example:

Buy a property for $200K

Put in $30K 

When it’s all fixed up, it will be $300K

You have now built equity by taking something that needs work and putting work into it. Just to clarify, equity is the difference between the appraisal and what you owe.This is the amount that you can contribute to the refinance.

It’s all about the numbers!

Both hard money lenders and private lenders look at properties to determine what the after repair value will be. In order to be successful using the BRRRR method, the ARV should be between 75% to 80%. Traditional lenders on the other hand will look at loan to value when looking at a property. It is important that real estate investors know what the loan side looks like for a property before jumping into a deal. Remember, the lower the ARV, the lower the loan, and the less you owe. By working with investor friendly loans, knowing your pieces, and knowing your numbers, you will be successful.

One method, 2 loans.

Just to clarify, BRRRR is not a type of loan. Instead, it is a strategy that uses 2 different loans. One loan is to purchase and fix up the property. The second loan is a long term loan that you can put the property into after it is fixed up. Many lenders are able to cover 100% of the purchase as well as 100% of the refinance depending on the property. One thing to keep in mind is that some lenders have restrictions as to when you can refinance the property. It is important that you understand the system so that you know what’s coming!

BRRRR timeline:

30-45 days – get in and rehab

30-60 days – rent out the property

60-90 days – refinance into a long term loan

While there might be some carry costs, the rent is going to cover it.

Create life changing money today!

You can create life changing money today by using the BRRRR method. By making sure that you find under market value properties and can qualify for a long term loan, you can create a great life! While many real estate investors expect to find the perfect property in a matter of months, the reality is that it could take a few years. Take the time to learn the process and be patient. Once you go through one or two of them, it will become easy! Would you like to learn more about building $500K in only 3 years? Contact us today!

Watch our most recent video about The BRRRR Method Returns Strong in 2024.

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How to Get Pre-Approved for a Real Estate Loan

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How to Get Pre-Approved for a Real Estate Loan

Over the past few days we have had clients lose out on properties that would have been really good flips. They lost deals because they did not secure their financing beforehand. While getting into this business requires a lot of planning, it is imperative that investors set up their money correctly from the very beginning. Get pre-approved for a real estate loan today and open the door to more opportunities!

Set up financing immediately!

Those who are new to real estate investing should focus on setting up the proper financing immediately! The last thing that you want to do is to put a property under contract and not close . This could burn the relationship that you created with the realtor or wholesaler. Instead of being at the top of their list for good properties, you will instead move to the bottom of the pile.  Here at The Cash Flow Company we want to give you the competitive advantage. Part of that is making sure that you do everything correctly. It is a business!

Don’t miss out on deals!

Whether you are new or just into a new adventure, it is important to set yourself up for success from the beginning. If you are going to get into the real estate game, make sure that you are not only looking for properties, but that you are also keeping the money flowing. What do we mean by keeping the money flowing? Maybe you need 100% financing, need a second, or you’re new to flips and need to know what to do. Talk to lenders as you find properties. In doing so, you can move forward quickly on deals. 

Choose the right lender for the deal.

One of the most important things that you need to do as a real estate investor is to create a good relationship with lenders. Those who have a good relationship with their lender will be able to consult with them prior to purchasing in order to see what financing options are available. One thing to keep in mind is that your lending needs will not only change over time, but they will change depending on the property. For example, financing on a fix and flip will be different from the financing on a rental property. It is important to look around and evaluate your lending options annually in order to find the best options for you. 

How do you get pre-approved?

Before seeking out a pre-approval, it is imperative that you know what type of property you are looking for. Are you going to focus on flips, rentals, 1 to 4 units, or multi units. Those who do can then make sure that the lender lines up with what they are trying to do. How can you find the right lenders? The answer is by talking to those in the real estate community. They can guide you to the lenders who are closing, those who work with new investors, and also tell you about requirements that the lenders might have. 

Ready, set, GO!

One of the biggest hurdles for real estate investors is finding the funding needed to purchase properties! By gathering pre-approvals first you will be ready for the next deal. While building strong relationships along the way.

Contact us today to find out more about what you need to do to get pre-approved.

Watch our most recent video to learn How to Get Pre-Approved for a Real Estate Loan

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70% of REI Investors Lose Money Because of THIS

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70% of REI Investors Lose Money Because of THIS

I have been in real estate investing for 23 years. Within that time I’ve seen 70% of new investors lose money within the first year. Many of them purchase real estate courses for $10K to $30K in hopes of learning all of the tips and tricks. Blinded by the promise of instant success, many people don’t take the time to set themselves up properly. On the other hand, those who take things at a slower pace and follow a few simple steps, will have a better chance of winning. How can you avoid becoming part of the 70% of investors who lose money? Let’s take a closer look.

Simple steps to success.

First and foremost the most important thing that you need to focus on as a new real estate investor is taking simple steps. This includes looking at properties, finding people who can send properties to you, and securing the money you need. Here at The Cash Flow Company we recommend that you look at 200 properties, talk to 100 wholesalers, and talk to 100 lenders before you jump in to your first purchase. Those who are focused can get everything set up in a matter of weeks. While others may take longer to get set up because they can only set aside a few hours a day. By taking the time to consume and understand everything, you will set yourself up for success. 

Make money instead of lose money! 

Some seminars can be beneficial to real estate investing, however, that is not normally the case. Many people become wrapped up in the idea of investing without understanding all of the factors that come into play. While it’s not rocket science, you do need to work hard to set yourself up for success. Those who are new to real estate investing often get talked into taking courses. These average $10K to $30K and focus on how to fix and flip quickly and easily. Not only do you have to pay for it using credit cards, but you are encouraged to use their credit cards as well. This get rich quick method causes many to lose steam quickly because they are not talking to people in the business or looking at enough properties. While this method may work for some, it doesn’t work for most.

Take your time 

Surprisingly 70%  of REI investors lose money because they dive in before going through the simple steps. In doing so, investors often lose $20K to $30K, which in turn prevents them from purchasing their next property. Successful real estate investors ensure that they have 1 to 3 good deals before moving forward in purchasing more properties. Just to clarify, a good deal is one that makes money! Real estate investing is all about making money so that you can live the life you want!

Contact us today to learn more about the simple steps you need to take to be successful in real estate investing. 

Watch our most recent video 70% of REI Investors Lose Money Because of THIS to discover how to get on the right path to success.

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How to Compete in Today’s Real Estate Market (2024)

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How to Compete in Today’s Real Estate Market (2024)

In the past few days we have had 4 clients who lost properties that would have been really good flips. The reason that they lost the deal was because they didn’t secure financing beforehand. While getting into this business requires a lot of planning, it is imperative that investors set up their money correctly from the very beginning.  Those who do will be able to compete in today’s market and have more opportunities for the best deals! 

New investors prepare!

Those who are new to real estate investing should focus on setting up the proper financing immediately! The last thing that you want to do is to put a property under contract and not close . This could burn the relationship that you created with the realtor or wholesaler. Instead of being at the top of their list for good properties, you will instead move to the bottom of the pile.  Here at The Cash Flow Company we want to give you the competitive advantage. Part of that is making sure that you do everything correctly. It is a business! As a business it is important that you get pre-approved for the loans you need. 

Don’t miss out on deals!

Oftentimes real estate investors miss out on amazing deals because they are not prepared. Whether you are new or just into a new adventure, it is important to set yourself up for success from the beginning. If you are going to get into the real estate game, make sure that you are not only looking for properties, but that you are also keeping the money flowing. What do we mean by keeping the money flowing? Maybe you need 100% financing, need a second, or you’re new to flips and need to know what to do. By talking to lenders as you find properties and getting pre-approved, it will help you to move forward quickly on deals. 

Choose the right lender for the deal.

One of the most important things that you need to do as a real estate investor is to create a good relationship with lenders. Those who have a good relationship with their lender will be able to consult with them prior to purchasing in order to see what financing options are available. One thing to keep in mind is that your lending needs will not only change over time, but they will change depending on the property. For example, financing on a fix and flip will be different from the financing on a rental property. It is important to look around and evaluate your lending options annually in order to find the best options for you. 

How do you get pre-approved?

Before seeking out a pre-approval, it is imperative that you know what type of property you are looking for. Are you going to focus on flips, rentals, 1 to 4 units, or multi units. Those who do can then make sure that the lender lines up with what they are trying to do. By getting pre-approved can help you go into a deal with reassurance. How can you find the right lenders? The answer is by talking to those in the real estate community. They can guide you to the lenders who are closing, those who work with new investors, and also tell you about requirements that the lenders might have. 

Get the competitive advantage.

As you talk to lenders it is important to consider what their requirements are, and areas that you need to focus on. While one lender might require more money down, another may require a higher credit score. Find out all of the steps that you need to complete in order to guarantee pre-approval. Just to clarify, these steps can be done in conjunction with looking at properties. For example, you can work on improving your credit score or look for private money options while searching for properties. By taking your time to work through the process, you will have a competitive advantage.

What is gap funding?

Gap funding is borrowing money from someone for the down payment, carry, or any money that you have to put into the deal. When you are buying a property, the first lender requires something in order to approve the loan. This could be a down payment, reserves for payments, or they may require you to do the fix up. Many investors don’t have the additional funds that are needed in order to meet the lenders requirements. Real estate investors might go out and find a family member, friend, or someone in the real estate community who can lend them that money to bridge the gap. It is important to make sure that your primary lender allows gap funding before purchasing a property. If the lender doesn’t allow gap funding, it could jeopardize the deal. 

How do you find gap funding?

There are a lot of people out there who have anywhere between $10K to $50K that they are looking to invest. By working with you, they have a chance to receive a better return on their investment. So how do you find gap funding? There are real estate groups throughout the community that provide opportunities for investors to meet. While peer investors are not often interested in diving into real estate themselves, they are interested in getting a better return on their money. While you can start by asking family and friends, many fear that it will create an awkward situation. By finding peer investors in the community who have $100K or $200K set aside, you will be able to compete in today’s market!

Ready, set, GO!

One of the biggest hurdles in real estate investing is finding the funding you need to purchase properties! Thankfully there are a lot of options out there to help investors. These include HELOCs, credit cards, and peer lending, just to name a few. Here at The Cash Flow Company we have seen people use multiple ways to get the gap covered. Those who take the time to gather pre-approvals, will be ready to go when the next deal comes!

Contact us today to find out more about gap funding and what you need to do to get pre-approved.

Watch our most recent video to learn How to Compete in Today’s Real Estate Market (2024).

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How to Buy 5-10 Properties with Little to $0 Down

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How to Buy 5-10 Properties with Little to $0 Down

Today we are going to talk about how real estate investors can buy 5 to 10 properties with little to none down. While this may be difficult in some markets because of the price points, real estate investors are still finding good deals in smaller communities. Within these smaller communities and smaller markets, there is the opportunity to find properties at 50¢ to the dollar. How can you buy 5-10 properties with little to $0 down? Let’s dive in!

Great deals can create excellent opportunities.

Here at The Cash Flow Company we recently helped a couple in a small town in Oklahoma to purchase 8 properties. They have since rented out all 8 properties and refinanced 5 of them. As their lender, we not only liked the properties that they were purchasing, but more importantly what they were doing with them. This allowed us to finance more and even all of it in some cases. Once the couple rolled the property into a long term loan, they were able to pay off the loan with us. Now the couple is getting ready to purchase 5 more properties. This is just one of the many examples of how buying great deals can create excellent opportunities. 

 Every lender is different.

Every lender has their own requirements, so it is important to set things up correctly and do it right. In doing so, the lenders who like the numbers and the leverage will be able to finance 100% for both the purchase and the rehab. Once the property is rented, then it can be refinanced, lenders paid off, and the real estate investor has nothing in. It is important to be flexible on where you look as well. In the Denver market for example, it could take 3 to 5 years to find 5 properties. As far as lenders, the majority of lenders will require 10% to 20% of your own money. Start by  finding properties that are 70¢ to the dollar and below. This will create a better opportunity for funding. Take your time and do your research!

Buy now to take advantage of rate drops later.

Real estate investors who are able to purchase now and hold them for a few years will have a huge advantage. Predictions indicate that interest rates are going to decrease over the next few years. When they do, real estate investors will have the opportunity to refinance. This will allow them to take advantage of the lower rates and increase their cash flow. By purchasing undervalued properties right now and at least breaking even, then in a few years when rates go down you will be in a great position. Not only will you have a lot of equity, but you will also have cash flow for the property.

Example of how decreasing rates increase cash flow:

Property has a $400K mortgage with rates at 7%

The current monthly payment is around $3000

In a few years when rates go down to 5%

The current monthly payment will go down $500 to $1000 

This will increase the monthly cash flow for the investor. 

While the property might just break even right now, the rate decrease will provide cash flow in the future.

Example of exponential growth for the future.

Property that is $400K can be purchased for $350K right now

In a few years, it will be worth $450K to $500K

If you were to buy ten of those properties at $350K and put in $50K into each property. 

This would total $500K in rehab costs.

In a few years each property would be worth $450K or $500K. 

You can use this money as leverage.

 Buy now to create wealth later.

Those who are able to purchase properties now that are under market value will set themselves up for wealth later. If you are able to break even or tread water in this current market, then when the market takes off you have the opportunity to create cash flow or wealth. Now is the time to buy 5-10 properties with little to $0 down so that you can open the doors to endless possibilities over the next few years.

Watch our most recent video about How to Buy 5-10 Properties with Little to $0 Down.

Contact us at The Cash Flow Company to discover your options for fix and flip investment opportunities and BRRRR loans.

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Peer to Peer Lending: How to Win Big in Real Estate Investing

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Peer to Peer Lending: How to Win Big in Real Estate Investing

How can you win big in real estate investing? The answer is peer to peer lending or other people’s money. Throughout the past 12 years we have done business with a lot of people using OPM, also known as other people’s money. What is other people’s money? It is finding people within the community who have money that they want to invest. In using this form of leverage, it not only provides the funding you need, but it also gives the peer lender a better return on their money as well. Let’s take a closer look to see if OPM can help you win big in real estate investing!

Don’t let financing restrictions keep you down!

Over the past few years the Fed has been tightening things up, causing the lending pools to shrink. This is where OPM can help real estate investors. It can provide the funding they need without having to navigate the bank’s restrictions and increasing requirements. Just to clarify, OPM and peer to peer lending have been around since before banks were established. By going back to the basics you can get the funding you need to win big in the long run!

OPM can benefit everyone! 

Within our community, there are a ton of people who are looking to do something better with their money. Nowadays neither the stock market or banks are providing good returns on investments. By becoming an OPM lender or a peer lender, you have the opportunity to get 10% back on your investment as opposed to 5% from traditional methods. Real estate investors also benefit because they can not only fill their liquidity buckets for current projects, but future investments as well.

Follow the golden rule to succeed in this game!

It is important that you follow the golden rule when working with OPM lenders. The relationship can either be a positive one or a negative one depending on how prepared and honest you are. Real estate investors need to have everything set up correctly, ensure the deal is secure, and most importantly form an honest relationship with their OPM lender. In doing so, real estate investors will set themselves up for success.

What can OPM be used for?

Other people’s money or peer to peer lending can be used for anything and everything! Whether it’s for a down payment, fix up costs, or just setting money aside for a rainy day, there is something for everyone. As long as you set everything up correctly, this form of lending provides an easy and low risk option for not only the investor, but the peer lender as well. Whether it’s a portion of a project or an entire purchase, OPM provides the flexibility real estate investors need.

Now is the time to set yourself up to win! 

Peer to peer lending has something for everyone! This low risk option provides the flexibility you need to win in real estate investing. With confidence and a secured deal, the sky’s the limit to your success. Here at The Cash Flow Company we strive to help investors reach their investing goals. Contact us today to find out more about other people’s money and how you can get on the fast track to success.

Watch our most recent video, Peer to Peer Lending: How to Win Big in Real Estate Investing to find out more.

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How to Protect Your Peer Lenders

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How to Protect Your Peer Lenders

Today we are going to discuss peer to peer lending, as well as how to protect your peer lenders. What is peer to peer lending? To put it briefly, it is one person lending to another person. By working with people within the community, it helps others who want to make better returns on their hard-earned money. More importantly, it helps you achieve your investment goals quickly! 

There is something for everyone.

There is something for everyone with peer to peer lending. Whether it’s $5,000 to $3,000,000, someone in the community has the money you need. For example, funds can be used for down payments, fix up costs, small business start up costs, and even used to cover the entire project! This form of lending provides more flexibility, simpler underwriting, faster closing, and no prepayment requirements. It’s an excellent option for real estate investors. 

How can you guarantee success? 

It is important that real estate investors protect their peer’s money by putting them in secure deals. To clarify, a secured deal is with real estate and cash flowing. The first step in creating a secured deal is closing with a Title company and proper paperwork. This protects both the real estate investor, as well as the peer, to ensure everything remains honest.  Most importantly, don’t gamble with your peer’s money. Pay them back as agreed and be truthful. In doing so it will establish a positive relationship that will ensure future deals. By doing these things, you’ll create a win-win situation. 

Make the lending switch today!

Ultimately, every investor needs peer to peer lending! It’s a fast, cheap, and dependable funding option! 

Contact us today to find out how you can win in the real estate game.

Watch our most recent clip to find out more!

 

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NOW is the Most Valuable Time to Invest in Real Estate Investing

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NOW is the Most Valuable Time to Invest in Real Estate Investing

Now is the time to invest in real estate! As the Fed is tightening up and banks are lending less, it creates better deals for real estate investors.  There are going to be good deals coming up that will help you to not only create the income you need but the generational wealth you want. By getting into it now and understanding the different components, it will help you in the long run. This includes setting up your realtors, finding deals, and calculating ARV. Now is the most valuable time to invest in real estate! Don’t miss out on this opportunity!

If things are tightening up, why does that create more opportunities?

When the Fed shrinks the money pool, it in turn decreases what’s available for everyone. This causes lenders and banks to swim upstream in order to look for the best of the best. Banks are being pushed to the point that they can only lend a portion of what they could before. Let’s take a closer look at the money side as a customer, and as an investor, to explain why these times are creating more opportunities. The customers are the ones who own their homes and are going to give it up for a discount. While investors are looking at the property as money to invest. Once again, leverage is the key to real estate investing and why we can make money from nothing. Anybody can do this and create generational wealth if you are set up correctly and financially prepared. 

How lending has changed.

One of the largest private lenders used to lend on ARV. ARV stands for after repair value. Lending based on ARV allows investors to get more money, create more leverage, and buy more deals. So if you’re in real estate investing you need to focus on purchasing undervalued properties, fix them up, and either keep it or sell it. This will in turn create wealth for you to reinvest in another property. In today’s market however, lenders are lending off of LTV, or loan to value, instead of ARV. This is often a $50K to $75K difference from what they were lending before the market changed. 

Let’s look at an example of ARV vs LTV

Purchase a house for $250K with a rehab of $50K
Worth when all said and done Percentage Amount they will lend Amount lenders  want you to put in 
ARV $400K $400K at 75% Close to $300K 10%
LTV Lenders don’t looks at this  $300K at 75% Close to $225K 10% to 30% 

It is clear to see what a big difference it makes when lenders switch from ARV to LTV. They are becoming tighter on their lending, lending less, and charging more. This creates a smaller pool of investors, because many can no longer qualify for those deals. While the deal flow might remain the same, only 20% to 30% of investors are prepared to continue buying in this market. There are going to be better deals for those who can buy and buy quickly.

Now is the most valuable time!

It is one of the most valuable times to get into real estate investing. This is because the Fed is tightening up and banks are starting to lend less. In doing so, it creates better deals that will in turn create wealth and income in the near future. One of the most important things to remember is that when there is fear in the street, that is when people start running. These are the times when you need to make your move. Make sure that you have some money available, a good credit score, and a good business history to ensure that you are a client that is attractive to lenders.

At The Cash Flow Company we can help you find the funding you need and guide you through this market. 

Watch our most recent video to find out more about why NOW is the Most Valuable Time to Invest in Real Estate Investing.

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How to Get Wholesalers to Email YOU!

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How to Get Wholesalers to Email YOU!

 Today I would like to share with you what I’ve learned over the past 23 years while working with successful investors. These investors have learned how to grow their wealth quickly and easily by working smarter, not harder! What exactly does that mean? To put it briefly, they work smarter by getting on the wholesaler’s “A” list. As a result, they can find incredible deals without scouring the internet or contacting realtors. Find out how to get wholesalers to email you today! Let’s get started!

Finding good wholesalers

First and foremost, you need to find wholesalers without doing endless internet searches or asking other investors. Investor Lift is a user-friendly website that can help you build a wholesaler network quickly. This website allows you to find the majority of wholesalers in your area by simply clicking on the property. More importantly, you to find the contract information including their email and often a phone number as well. In as little as 10 to 15 minutes you can be emailing wholesalers and getting deals sent directly to your inbox.

  1. Create an excel spreadsheet to copy and paste the wholesalers information into.
  2. Go to Investor Lift at  https://investorlift.com/ 
  3. Sign up for a free account by clicking Register in the upper right corner.
  4. Select the State that you are searching in.
  5. Click on a Property that you are interested in.
  6. Select Contact to see who is selling the property.
  7. Copy and Paste the email and phone number in your excel spreadsheet.
  8. Build your List by going through each property and adding to the excel spreadsheet.
  9. Add Properties to your excel spreadsheet daily.
  10. Send them an email sharing what types of properties you are looking for.
  11. Follow up weekly to see what they have available.
  12. Go to the properties you are interested in.

Get on the “A” list!

Establishing a good relationship with the wholesalers is the key to success! Of course it may take 30-60 days to create the relationship. However, it is important to show that you are an active buyer and a good buyer. As a result, investors will receive property information before it is added to the website. Ultimately wholesalers want investors who know what they are looking for in order to have properties purchased quickly.

Keep a watchful eye.

In a nutshell, you will find both good and bad wholesalers during your search. With this in mind, it is important that you keep a watchful eye out for the bad wholesalers. A bad wholesaler for instance is one who tend to advertise overinflated properties, or properties that have under-inflated fix up costs. Focus your attention on the good wholesalers who have good deals in order to set yourself up for success.

Work smarter not harder!

Build wealth quickly and easily by getting on the wholesalers’ “A” list! In doing so, it creates an easy way to get the cream of the crop before the properties post on the websites. Stop wasting your time looking at 30 to 40 properties a day by using Investor Lift. In addition to finding properties, it is important to find the right financing as well. Here at The Cash Flow Company we can answer your questions and find the right product for you. Reach out to us to find out more about financing flips, BRRRR, bridge loans, and gap loans. We would be glad to walk through any deal that you have and see how we can make it even better.

Watch our most recent video to find out more about how to Get Wholesalers Emailing YOU! 

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