Real estate has never been more competitive or more profitable. The boom in the market over the past decade has been so consistent it has permeated every market from commercial to specialized industrial and residential properties. To be truly competitive, professionals need to understand how to build a nationwide presence. Luckily, there are quite a few tools designed for just that purpose.
Nationwide investment strategies allow you to move your focus to the hottest markets of the moment, but remote investment also requires specialized tools. Building leads, lining up buyers and sellers, or even closing on properties in a distant neighborhood all take tech tools that allow you to assess the building, value it, and reach out to interested parties without leaving your base of operations.
So where do you start? It helps to get yourself off on the right foot by investing in tools like the best real estate lead generation software out there today. Sophisticated map search, owner lookup, and lead management tools make it a lot easier to operate remotely. From there it is a matter of making sure you line up the resources to be effective in multiple markets.
- Expansive professional networking and outreach to get in touch with investors in every locality where you make deals
- Lead curation and management tools that export to your other resources like route planning or dialer software packages
- Wholesale leads and tools to help you bring buyer and seller together while staying within the bounds of each state’s unique laws around real estate sales
It is worth considering whether you want to invest in a real estate sales license in the states where you do the most business. A sales license allows you to market properties at retail or wholesale price points, expanding your options.
Wondering is wholesaling real estate legal in California without a license? The answer is yes, but there are more restrictions on how you operate.
Taking Inventory of Your Personal & Professional Network
If you are getting ready to enter the wholesale marketplace, you need to understand how to find properties and how to put your best face forward when you reach out. That starts by knowing how to tap your existing professional network.
Use social media contacts, talk to local investors about their work in national markets, and see what kinds of potential you have in your existing contacts. After that it is time to brainstorm ideas for new wholesaling leads.
How To Expand Your Network Outside Your Area
Social media can be great for outreach. Instead of using marketing channels, look for interactive networking forums and groups where you can talk to others working in the same markets you’re prospecting. If you are trying to learn how to find distressed properties for wholesaling in new locations, you need to know which neighborhoods to concentrate your searches within.
Working those remote points of contact can take time, but when you have a strong digital presence, you will find potential buyers you can cater to, allowing you to match up motivated sellers with investors in your wider social network. That is all it takes to start making your client list a nationwide effort instead of a local one.