Among the basic questions, you need to answer when you get a real estate investing site is “How do I get my site configured to receive the best results?”
There are tons of business models in real estate investing – buying houses, purchasing notes, short sales, fixing and flipping, wholesaling. And far more. Or your business can be a blend of different business models.
Your site must be easily adaptable to suit your business needs to achieve maximum profitability. Here is a couple of popular business models in real estate investing:
Real estate investing business models
1) Buying Houses
This is the most popular business model. Most property investors buy homes. The basis of the majority of property investing businesses is purchasing homes.
Buying houses may include purchasing them in retail, cash, or terms.
2) Selling Houses
Almost everyone who buys homes also sells them. Exactly like buying homes, you might be selling them on terms or retail, such as lease choices.
Most men and women call wholesaling “flipping homes“. In cases like this, you find houses in distress that require repair. And you get a significant discount when you buy these homes. Then you sell it to another property investor that fixes it up and sells it or rents it.
You end up making a little money from only a little effort. You may flip homes without having to own them.
In real estate investing, wholesaling is the quickest way to create healthy cash flow while spending little to no cash. A few hundred bucks are sometimes all you will need to make a deal happen.
Another popular business model is to buy houses, fix them, then place tenants for positive cash flow.
5) Buying notes
Other investors specialize in buying and selling notes. Essentially by having a note, you become the creditor and don’t need to own the property.
6) Commercial property
This covers a huge selection of approaches, such as apartments, shopping centers, land, etc.
Some real estate investors combine both residential and commercial estates. Residential property involves residential homes, whereas commercial property doesn’t include residential single-family homes.
7) Other business models
When you’re investing in real estate, you occasionally find yourself needing to be involved in different areas of the business which aren’t distinct business models.
i) Private money
When investing in real estate, occasionally you will need to search for private money investors to fund your deals.
Because of this, you need to actively search for private money investors to fund these deals.
ii) Short sales
Included in real estate investing, you occasionally end up negotiating with creditors to accept less than what is owed on the house. This practice is called a brief sale and forms a part of most property investors’ businesses.
iii) Loan modification
Loan modification has become popular lately. Many investors also have licensed brokers and mortgage brokers.
So what sorts of sites for real estate investing are there in the marketplace?
First of all, when looking for a property investor website, it’s important to select a website that’s flexible enough to be adapted to suit your unique needs. Changes like that shouldn’t cost you some money.
To put it differently, the website you select should have the ability to accommodate your changing business requirements and models. So you won’t have to purchase another site if your business model changes later on.
Interactive real estate agent websites
These sites are fully adaptable and provide complete customization and adaptability capabilities. Modifying a business model can be done with one click of the mouse.
If none of the default business models suits your needs, you can then adapt it to match your unique needs.
The next business models are permitted by interactive investor sites
1) Websites for purchasing houses
- These sites come equipped with all you want to buy houses. You’re introduced to motivated sellers as the most credible person to purchase their houses.
- Because of this, you get leads that are wholly pre-negotiated and pre-screened for you.
- You may only need a couple of minutes to determine if this is a bargain or not, and follow up or let it move as needed. You may then make offers right in the digital back office and control the final process from your back office.
2) Sites for selling homes
- This site comes fully outfitted with all the features you will need to sell your homes quickly. You simply list your homes from the digital back office and deal with the entire process from there.
- Additionally, it enables potential buyers to combine your buyer’s list as they see your possessions. Among the most valuable assets when selling homes is a buyers list. A simple email to your buyer’s list can get you a buyer the same day.
- Of course, they also come integrated with social media so that individuals can recommend their possessions to their buddies through Facebook, Google+, Twitter, etc.
- These sites are also adaptable for leasing houses, lease to own, etc.
3) Sites for wholesaling houses
- This site is designed for the real estate investor who wholesales homes.
- Social networking and buyers lists come incorporated on these sites.
4) Sites for seeking private money
- You may select this business model with one click in the digital back office. This changes to a site for bringing private money investors.
5) Websites for purchasing notes
- You could even convert your website to purchasing notes. It comes completely equipped with this capacity.
6) Sites for investing in apartments
- It is possible to quickly adapt your site for investing in apartments with only a couple of clicks.
In case you combine business models on your site?
I once had a property instructor whose site contained everything she did – teaching, buying homes, selling houses, wholesaling, leasing, offering hard cash, and seeking private money investors.
She said it worked well for her requirements.
My next ace strongly emphasized that you shouldn’t mix buying homes, selling homes, or seeking private money. You have to separate these business models.
I do not support blending business models on the same website. This cost me a deal worth over $10,000 since I had recorded a wholesale deal on my site for buying houses. I had supplied my business card with my site to a motivated vendor. Since my aim was to wholesale the bargain, I recorded it on my site and sent it to my buyer’s list.
I immediately obtained a cash buyer for this, and he wired money to the final title company. After the seller saw what I had been making from her home, she refused to go to closing. If I had kept the business models separate, I couldn’t have lost this offer.
Have you got more than 1 site for your real estate business?
If you will need to separate your business models on different sites, then you have to buy more than 1 website.
You may get away with having just 1 site if your needs can be accommodated by having different business models on the same website. Interactive real estate investor sites do not offer you any constraints as to how you can accommodate your site. You can accommodate multiple business models if you choose, or have each site for every business model.
The choice for the kind of site you choose depends on you and if your business models can conflict with each other if you use one site for them.
Interactive real estate investor sites provide a broad assortment of choices for different kinds of sites for real estate investing in addition to customization capabilities. Find out how embracing what works can influence the success of your real estate investing business, and also how to close more deals with less time, money, and energy.