As the market shifts and times keep changing, we’re now starting to see it in our own businesses, especially with institutional buyers starting to back out of deals. Because of all these changes going on, we wanted to give you the top seven steps you’ll need as an active real estate investor to not only stay afloat during these times but to prosper. These seven steps can apply to anyone from wholesalers to vacant land investors as we make our way through this latest economic cycle.
The first step is to find buyers, figure out what they want, and provide them with a solution. Next, start thinking about lowering your offers. Leverage creative financing techniques like lease options and put them to work in your deals. Know your numbers and your expenses inside and out so you have a clear picture of your business. Offer incentives to your buyers that your competition isn’t offering. Get to know your local banks, as they’ll be lending when some of the other investors won’t be. Focus on the right neighborhoods where there will always be demand for housing. Finally, if you’re looking for more support on how to profit during these times, get in touch with a trusted mentor or coach.
What’s Inside:
- How the market shifts are affecting our businesses.
- The top seven steps you need to focus on to survive our current market crisis.
- Why you need to understand and utilize creative financing deals.
Mentioned in this episode:
REIProof.com
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