How do you rank with other real estate investors, who started out with the same capital in terms of earnings and competitiveness? Are you one of the success stories in your real estate investment club? Or do you continue to be regarded as a lightweight investor in your group?
If you are not happy with your real estate investing results so far, then you have to step-up the game. And this year (2009-2010) is the best time for ordinary real estate investors to break-out from mediocre investment returns. Real estate investors are presented with tremendous opportunities to acquire investment properties in bank REO's.
However, like all good business opportunities you need to compete effectively. And key areas you need to excel in investing in bank REO properties are 'networking' productively with key players in the REO industry, and 'knowing' what are deal closers with each respective bank.
You need to network with bank asset managers and their REO brokers to get leads ahead of your rivals and to fully understand the requirements and preferences of the bank in selling their REO properties.
How can you be rated as a preferred real estate investor? How fast would they require you to respond to their counteroffers? Do they prefer 100% cash offers or large cash down payments with financing from their own lending department, so they can earn more money? How fast do they want to close?
Consistent follow-ups are also needed to acquire fresh leads fast.
But of course, networking also involves understanding your contacts' own priorities and needs in order to have a mutually beneficial relationship.In addition, competition in real estate investing for bank REO properties is also fought with marketing campaigns (social marketing, direct marketing, e-marketing, free info products, and etc.) How can you increase your brand to bank asset managers and REO brokers as the top investor for buying REO properties?
How can you increase your brand to home buyers as being the better and less stressful alternative to acquiring bank REO's?
Hence, the new battleground in real estate investing is fought in the acquisition of bank REO's and giving the consumers a more pleasant home buying experience.
Bank Owned Real Estate - The New Battleground For Real Estate Investors