Challenges are inevitable in one’s business, most especially if the global economy is struggling. Real estate industry still stands strong despite what's currently happening in the United States. However, it’s quite difficult to find the most valuable investment opportunities nowadays, due to coronavirus chain effects in the society.
That’s why Real Estate IQ did an amazing job for opening doors to every investor to learn even if they're staying at home. In total, they have already produced 25 online classes and it’s still counting. One of their recent topics was about finding great deals at your home. They have given tips, strategies, and tools to help entrepreneurs to easily locate the best deals in the market. Let’s further study how you are able to do it.
One of the easiest ways to find deals is to Network with other investors. But finding the right resources could be quite challenging if you can’t get a hold of them. That’s why in the recent development of Real Estate IQ, they introduced the Community portal for new and professional investors. In this platform, you can create an account, join various groups like Deal Analysis- Residential, Geeks & Nerds in Real Estate, REIQ Book club, etc., and be updated on the current situation of the real estate market.
In addition, you can also go to REIQ's Marketplace. From there, you can find the “Events” section where you can check the upcoming events in a particular region of your choice. You can go to Texas, and from there, you can check the Dallas Fort Worth REI Club, there’s also Residential Rehab Budget, Financing Real Estate Deals, and more. There’s also the “Education” section, “Funding” to see all different types of vendors, and a lot more information.
Easy access tools
Deal of the Day
It is an informative video of an investment deal that is being updated everyday by Real Estate IQ. The data comes from the MLS or Multiple Listing Source that rotates in Houston, San Antonio, Dallas, and Austin. But should act fast because it goes out to everybody whether they are an active subscriber or not. You can access this tool if you visit Real Estate IQ’s website at https://realestateiq.co/ , click the “Tools” button, and find the “Freebies” section.
Deal Analysis Suite
It is composed of unlimited Fast CMA which you can actually run comps through MLS without the help of a real estate agent. Testimonials from different people show that it really works in running comps.
Repair Estimator is also included in the Deal Analysis Suite. In this step by step guidelines, investors can easily understand and be able to quickly do rehab budgets before placing an offer. You can create a probable repair budget to any house in the market. Repair Estimator’s calculators have a video tutorial for easy learning.
Lastly under Deal Analysis Suite is the Deal Analyzer. It is an accurate exit strategy calculator for wholesale, fix & flip, buy & hold, and owner finance. With the help of this tool, you just have to input 80% of the information, then you can now analyze deal opportunities very quickly. You can also easily calculate ROI (Return Of Investment), whether it is cash-on-cash return, rental index, maintenance and holding costs, and your final profit for every single deal.
Despite what’s happening in the US economy, there are still great opportunities that you can get. You just always have to be diligent in finding the perfect deals, and use these tools to help you in whatever investment you are going to pursue.