Reasons to Advertise on Revestor
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How to Make Smart Decisions in HOT Markets
There’s no doubt that in certain areas of the country the Market is HOT again. It’s all too easy to get caught up in the HYPE and overlook the true value and the real numbers that make the Property a good overall investment. THAT is where Revestor comes in.
- Don’t get caught up in the HYPE like everyone did in 2005
- Don’t make the same mistakes that everyone did back then
- Never invest based on potential Appreciation alone
- ONLY invest if you can add VALUE through repairs/rehab OR if the Property Cash Flows.
Before you acquire your next Property run the numbers through Revestor so you can make a better decision for you and your family’s future.
How to Attract Real Estate Investors with a Revestor Ad
There’s a reason that 10%~ of the Agents sell 90%~ of the homes for sale - they know how to Create Ads that drive leads and they follow up on those leads and turn them into Prospects and Closed Transactions. Are you a 10%er?
If you are looking to dominate the investor market in your area, lock in your zipcode by creating a RevestorAd today. Most Top producers reinvest 10-30% of their commissions back into marketing (just like any real business would). If you’re looking for real estate investor buyer and seller leads, advertise on Revestor. If you consistently get in front of investors and you track/measure/manage all your conversions you will set yourself up for success.
“If you can’t measure it, you can’t manage it.” – Peter Drucker.
If you are looking to corner the real estate investor market in your area the price is $99/mo per zipcode and we only allow a total of 3 real estate professionals in each Zipcode and you can cancel at anytime (no contracts). Pricing will go up next month so GO here now and Login to your Account. If you don’t have an account yet GO Create a Free Account –> then click on the ‘GearBox’ to Create your Ad. If you forgot your password you can recover it here. If you want us to Create your Ad for you please Contact Us and we will do it for you. Here is a video showing you how to Create your self-serve RevestorAd.
Have you heard the story about Cecil?
A while back I was looking for some real estate in Texas – and you know me, when I travel to a certain areas of the country I like to fit right in with the locals. This was a remote part of Texas (it wasn’t like the TV show Dallas with hip clubs and high-rises) so of course I had my pick up truck, cowboy hat, jeans, a 6pack of Coors Lighhht and my good ol’ boy accent. First thing I do is hop out of my truck to meet my Agent, Fred at his office. Fred’s office was pretty cool, it was an old gas station that he converted to an office. Fred, was the Broker and kept the original porch so his Hound Dog Cecil could hang out. Fred, knew that I was a major dog lover so he introduced me to Cecil and a few of his agents in the office, then we got on our way.
Fred, was a hard worker, a marketer and knew everybody (in town and all over the country with his online presence of out of town investors) but most importantly Fred was a professional. As we passed through town just about everybody waived to us and some even stopped Fred to start up a conversation. I couldn’t help but think to myself “I really want to do business with this guy”.
We checked out a few properties and a few deals seemed to make sense so we headed back to the office to make some offers and there was Cecil. (Except this time Cecil was howling, “How, How, How, HowllllllllllLLLL.” So we laughed and sat down at his desk. I noticed that all the Agents were gone for the day so I said “Fred, I bet you are the number one Agent in your office, aren’t you?” and he said “well yes I am, why do you ask?” “Well Fred it looks like all your Agents have packed up for the day” meanwhile Cecil keeps howling and howling. So finally I said “Fred, what is wrong with Cecil, why does he keep howling?” and then Fred said something profound “Oh, don’t worry about Cecil, he’s like most agents, he’s just sitting on a nail and is too lazy to get up”
There is a reason that 10%~ of the Agents sell 90%~ of the homes for sale. Are you a 10%er or are you like Cecil?
If you are looking to get up off the nail, make a change and pre-eminently take your market, lock in your zipcode by creating a RevestorAd today. We are looking for the top 10% producers to fill each spot. If you’re Cecil don’t signup! I’m dead serious, this is not a magic bullet that will make you rich, RevestorAds are simply another method to your marketing. Doesn’t it make sense that if you are ‘The Fred of your market’ you reinvest 10-30% of your commissions back into marketing (just like any real business would)? If you’re Fred you advertise on Revestor, Zillow, Trulia, Realtor.com, Facebook, Google, Twitter, LinkedIn, the bus bench, the local newspaper, the PTA, you mail your farm, you do a weekly high impact value added email drip to your database and you’re ‘Steve Jobs detailed’ about your own website – you’re EVERYWHERE and you can’t be missed and most importantly you’re consistent and you track/measure/manage all your conversions.
If you’re ‘The Cecil of your market’ you rarely reinvest your commission back into marketing, you try something for one month that you heard is working for another agent but after a month you say this doesn’t work “I’m canceling” then you go try the next secret marketing guru system that you heard about…and there you go in a ‘crazy 8′…I hear it all the time from ‘The Cecils’ of the business, “Zillow Sucks”, “I signed up for 90days and didn’t close a deal.” No, Zillow doesn’t suck you just were out on the golf course and didn’t follow up on any of the leads! (Sorry to talk about the competition gang, but MAN you can either make excuses or you can make money, but you can’t do both)
If you are looking to corner the real estate investor market in your area the price is $99/mo per zipcode and we only allow a total of 3 real estate professionals in each Zipcode and you can cancel at anytime. Go here now —> www.revestor.com/signup Create a Free Account –> then click on the GearBox to Create your Ad.
Here’s the VIDEO walking you through how to setup your Profile and RevestorAd
Tonight’s Free Webinar
Whether you are a Real Estate Investor or a Real Estate Agent who works with investors this a Webinar that you won’t want to miss. Revestor’s CEO is going to walk you through the site and show you how to use Revestor’s search engine to quickly find potential deals. Bill will then walk you through how to use the ‘Calculator’ so you can quickly analyze deals on the fly. Adjust the Rent, Add Expenses, Set your DownPayment, and Decide if you are going to Hold or Flip. Revestor not only helps you identify deals quicker but also helps you analyze them so you don’t waste your time. There will be a Q&A at the end of the Webinar.
Tonight WED, January 30th, 2013 6PM PST/9PM EST
Register here –> [UPDATE: FULL, YOU MISSED IT] so you can look like this guy 
P.S. Have you Joined our LinkedIn Group yet? This is a place that connects Real Estate Professionals with Real Estate Investors and discusses Strategies and Tools to increase your Profits.
Missed the Webinar? Create a free Revestor Account and we’ll email you the replay
8 Steps to Real Estate Investing Success
We thought that this was such a great question that we decided to share it with the group…
Here is exactly what one of our Users asked us today…
QUESTION:
“I am interested in purchasing a specific property. Does this program have the ability to calculate the offer amount I should make on the home I want to purchase in order to get cash flow? Of course, given the rent… Example: The home is listed for $90,000….It can be rented for $1200.00 monthly: What should my offer be in order to have cash flow? Should I offer $70,000. or $60,000?”
ANSWER:
First things first, if Revestor does not have the specific Property you are looking for just search the site for a similar property. As long as the Purchase Price is about the same you can use Revestor’s Calculator on any Property. (Note: in order to get listings onto Revestor Agents and Brokers must SignUp for a Free Listhub account and select us as a channel to syndicate to)
We found a similar Property on the site and here is exactly what we did:
- Adjusted the Rent to $1,200 with the slider (Note: always doublecheck and research the Estimated Rent because it is the most important number)
- Adjusted the Purchase Price down to the Asking Price of the other Property or to the Offer amount that you want to make)
- Adjust/Doublecheck the Expenses by clicking the Edit button/dropdown (Note: that an 8% Property Management Fee is in there by default, remove if you do not use a Property Manager. Usually the HOA fee is populated if the Agent entered it into the listing, however please doublecheck this if the home is a CONDO or PUD. If there are additional Expenses you are aware of you can add them to any of the fields, i.e. Utilities, Maintenance, Repairs, Vacancy Rate, etc.)
All these changes will dynamically change all the Key Real Estate Investment Indicators on the Property and should produce a Cap Rate of 10% (which is outstanding)
4. Adjust the DownPayment to what You or the Buyer is putting down. IF the down payment isn’t enough to create positive Cash Flow then try putting more CASH down or less CASH down for more leverage (just make sure your debt-service-ratio is above 1.4~) On this deal as long as there is not repairs or rehab to be done the investor could be looking at a potential Cash Flow of $634/mo and a Cash-On-Cash Return of a whopping 33%
AND Finally, choose the Exit Strategy
5. Buy&Hold or Rehab&Resell. IF its Buy&Hold click the Edit button
6. Adjust how long the investor will Hold onto the Property (i.e. 5yrs, 12yrs, etc.)
7. Adjust what you believe the Annual Appreciation will be (i.e. 1%)
8. Adjust the Closing Costs for when you sell the Property (i.e. 6% real estate commissions, 2% title, escrow, closing cost fees = 8%)
Now you’ve set yourself up for success with a massive potential ROI and Net Income (excluding Capital Gains and Inflation)
Create a FREE Revestor Account today to get all of these tools for your real estate investing business.
Revestor Creates Strategic Partnership with ListedBy
Here at Revestor we constantly strive to improve and add as much value as we can for our Users and the Real Estate Community as a whole. We are constantly seeking out strategic partners that will help real estate investors and Realtors who work with real estate investors make more profit.
By providing an effective tool for real estate professionals to search, identify and analyze Properties on the MLS by Cash Flow and Cap Rate we are quickly becoming a must have for real estate investors and those who work with real estate investors.
We strategically partnered with ListedBy.com because we believe it will add value to our Users by giving real estate agents an additional place to post their listings and find direct Buyers for those listings in an auction like format. We also believe when ListedBy users create a free Revestor account it will add more value to them by allowing them to search ON MARKET listings that may not be on ListedBy and to analyze deals that they find listed on ListedBy.
We are exciting about relationship with ListedBy and the value it adds to our combined Users. Stay tuned as we are working on some additional strategic partnerships that will add even more value and help you grow your business even more.
Top Real Estate Twitter Accounts to Follow
Do a little bit of searching and you’ll find that Twitter is a great source of real estate information and insights – as well as an ideal platform for communicating your own message if you happen to be a real estate professional.
Here are seven real estate-related accounts to follow on the micro-blogging site for bite-sized posts that contain some big thoughts.
This feed by The New York Times Real Estate section is heavily focused on the five boroughs, but it often contains links to interesting trends and news stories from around the U.S. This includes lifestyle pieces about living in New York – fascinating even if you’re not in the market for a Manhattan apartment.
This account is maintained by legal news site JD Supra and is a regularly updated compendium of legal happenings related to real estate throughout the country.
Follow The Wall Street Journal’s real estate feed for a good daily rundown of the business-focused newspaper’s coverage. For serious business thinkers, the Journal is still required reading.
This is the account for Agentopolis, a directory for real estate agents and realtors. This account regularly rounds up some of the more interesting real estate posts on the Web and on Twitter.
Inman News is an independent site for real estate news, commentary, research and advice. You’ll find plenty to read about and chew over here.
@National Association of Realtors
The National Association of Realtors regularly updates this account with news, research and helpful tips. The association also regularly interacts with its followers. Overall, it’s a great example of social engagement.
Denise’s company, The Lones Group, provides real estate agent training and coaching. For branding and marketing advice and plenty of actionable tips, this is a great account to follow.
Agent Beat offers business, real estate and tech news, tips, tools and guides
Take your real estate business to the next level with this social media expert
He may not tweet about real estate but if you want your business to boom you gotta have the energy to do it. Great health tips and juicing recipes.
San Diego Real estate pro and internet marketing expert.
Real estate reporter for @UTSanDiego
Social Network for real estate investors packed with high quality tips, education and how-tos.
Chief evangelist at Inman. Social media expert (we don’t use that word lightly), early adopter, trainer, blogger and marketer
Co-Founder and CEO of the Charfen Institute. Creator of the CDPE Short Sale Designation and the CIAS Investor Agent Designation.
Did we miss anyone that you think should be added to the list? If so please comment below…
How Many Realtors Are At Your Football Game
Ever go to a party and find that every other person is a realtor?
If you’re living in Arizona, Hawaii or Florida, there’s a decent chance you have. While California leads the pack in terms of sheer numbers of realtors, those states are the top three for realtors per capita according to an article published midyear by business news website AGBeat.com.
The numbers themselves were compiled from the National Association of Realtors. To give you a sense of the fierce competition out there, consider this: In Arizona, which ranks first in the nation for realtors per capita, there is one realtor for every 168 residents.
Now let’s put that number in perspective. Let’s say you went to an Arizona Cardinals football game at University of Phoenix Stadium, located in Glendale, a suburb of Phoenix. The stadium capacity is 63,400 people. If the stadium sold out to a perfect representation of Arizona’s population, at least 377 of those people would be realtors.
Here is a look at the numbers, in more detail:
1. Arizona, 1 realtor for every 168 residents.
2. Hawaii, 1 for every 173 residents.
3. Florida, 1 for every 175 residents.
4. Washington, D.C., 1 for every 193 residents.
5. Nevada, 1 for every 200 residents.
6. New Jersey, 1 for every 201 residents.
7. Connecticut, 1 for every 229 residents.
8. California, 1 for every 241.
9. Colorado, 1 for every 257 residents.
10. Idaho, 1 for every 267 residents
The profession has generally been on the rise again as the housing market recovers from the dismal years that capped off the end of the last decade. Places like South Carolina have reported an uptick in people entering the profession. But, even so, in some places, the profession is clearly still a draw.
Abraham Lincoln, Homeowner
Abraham Lincoln is back in the headlines with Steven Spielberg’s latest film, the eponymous Lincoln, doing respectable business at the box office. Of course, it’s a history buff’s dream, and the blogosphere has been dissecting and discussing Honest Abe ever since the film was released. Was the movie accurate? Just how good was Daniel Day Lewis?
We’re naturally wondering: What did Lincoln have to do with real estate? Well, without further ado, here are a few choice Lincoln facts.
Lincoln was a homeowner
According to the Lincoln Home National Historic Site in Springfield, Ill., Abraham Lincoln spent the formative years of his career that would see him ascend to the White House in a one-and-a-half story home with five rooms. He purchased the home – which you can visit today – for $1,500 from the Reverend Charles Dresser, who also performed his wedding to Mary Todd.
The house has gone up considerably in value since then, increasing from a mere $1,500 to priceless between 1865 and the present day.
You can view an entire list of Lincoln’s homes at the National Park Service website.
Lincoln passed one of the great pieces of real estate legislation in American history
Of course, you had to build the house yourself, but in 1862, Lincoln signed the Homestead Act, which allowed anyone who had never taken up arms against the Union to apply for federal land grants. And having seized massive tracts of western land throughout the country’s expansion, there was plenty to give away. Parcels were usually about 160 acres, although the act was later expanded.
The idea goes all the way back to Thomas Jefferson’s idea of the Yeoman Farmer: virtuous and independent-minded property owners who would form the backbone of democracy. In many respects, it’s an ideal we still admire.
Lincoln presided over some important Capitol improvements
The now-iconic U.S. Capitol was only partially completed during Lincoln’s tenure. The dome, which would be finished just year after Lincoln’s assassination, took roughly 11 years to complete at a cost of about $1 million, according to the official website of the Architect of the Capitol. Despite the Civil War, Lincoln refused to halt construction, saying that he took it as a sign that the Union would continue.
Does anyone know the story behind the log cabin?