West DFW REI Group

4 Tricks for Integrating Social Media and REI

March 26, 2019

Traditional methods of selling and flipping houses are on their way out. White pages and newspapers on dwindling.

However, in 2019, it is estimated that there will be around 2.77 billion social media users around the globe!

“A Strong Social Media Presence is needed in order to be successful in Real Estate Today. House Flippers that take the time to invest in their social media see more returns and build a stronger network than those that don’t.” – Loren Howard, Prime Plus Mortgages – Phoenix Hard Money Lender.

Social media is here to stay. With the rise in popularity, it is easy to see why more house flippers are looking at social media to flip their houses.

Social media marketing can be a great way to advertise your business and get people excited about your listings.

Use these social media tricks to flip more houses!

Having a Business Page

Having a business page is so important to flipping houses on social media. Having a business page will make it easier to promote your flips, use paid ads, make your posts easier to share, and expand your reach.

You can also use business pa
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8 Ways to Tighten Up Your Rehab Process

June 6, 2016

Like any successful endeavor, you need a plan when you’re ready to rehab a property. A surefire way to waste valuable time and money is to go into a project helter-skelter—everything needs to be done according to a plan and in the right order. Here are some tips that can help you on your next property renovation.

DUE YOUR DILIGENCE

First things first—walk the property inside and out. Make thorough notes about repairs and upgrades you want to make based on your exit strategy.  Assess the neighborhood where the house is located and choose improvements suited for the area or renter. Over- or under-improving a house can make finding a buyer or tenant harder. These things should also be part of your budgeting process:

• Anticipate problems and plan contingencies. All budgets need a plan B.
• Factor in holding costs, sales commissions, and other expenses that can eat into profitability.
• Make sure that your after repair value (ARV) or rental rates are properly analyzed.  Local realtors are a resource to assist with ARV estimates and rental comparables.
• Ask other investors for contractor referrals.  Make appointments with them before closing on the property—remember that good contractors are booked in advance.  Have a detailed plan of your project ready to share to ensure all cont
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No two real estate investors are the same.  You may have similar styles & tastes but there is always something about you and your business that makes you start at the same point but where we go from there is completely up to us.

There is no sugarcoating the fact that investing can be difficult at times.  Without the right mindset you can easily get frustrated and swallowed up by the business.  There are several common business traps and pitfalls you need to avoid.  Falling for even one of them can cause your business to get off track, making it difficult to get back on track.  Here are five common investor traps/mistakes you need to be on the lookout for.

• Short Sided Thinking: Regardless if you invest on a part-time or full-time basis, you can’t expect immediate results.  Entering the world of real estate investing is much like entering any other business.  There will be a period of adjustment and a learning curve you need to deal with.  It is extremely rare to generate revenue in your first 90 days without a little bit of luck involved.  Too many investors expect leads to fall in their laps, and when they don’t they get frustrated with the business and many quite without giving it time.  The reality is that it takes some investors months before they close their first deal.  Even if you enter the business with established contacts, it could be rough going unt
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