Flip Tips: The Best Social Media Platforms for Your REI Business
Social media platforms are not just for keeping in touch with friends and family or sharing pictures, they are also powerful tools that can help you network and advertise your business.
However, they do require a bit more time and some extra skills, and they may just not be personal preference.
In the next Flip Tips: Advice Straight From the Experts, learn the platforms the professionals use most, groups to join on those platforms, and how to best take advantage of the opportunities they present.
Flip Tips: What Social Media Networks Do You Recommend for Networking?
“Facebook and local real estate investor associations. Both of these have specific groups within them that offer different networking opportunities to meet other investors and vendors.”
-Albert Nyabwa, Texas, 35 flips completed, 4 years in the industry
“If you’re really active, you don’t have too much time to always be on social media. If you really want to know the players in your local area then look at the owners of past sales when you do your comps. You will start seeing the same names over and over again, so use social media to see if you can have lunch/dinner with them.”
-Jimmy Tang, Washington, 50 flips completed, 7 years in the industry
“We pretty much fly under the radar, for better or worse.”
-Rainer Richter, Florida, 80 flips completed, 5 years in the industry
“Facebook, but hasn’t had too much of a direct impact. Usually I have to just dig out the properties and be ready when the right one comes available. No matter what, there is no substitute for getting face to face.”
-John Galarde, North Carolina, 30 years in the industry
“The Flipping Blueprint Group on Facebook is no nonsense and a great group of people genuinely interested in seeing other people being successful.”
-Luke Weber, Nevada, 500+ flips completed, 18 years in the industry
“Facebook, LinkedIn, and BiggerPockets.com”
-Steve Stimson, Texas, 60 flips completed, 4 years in the industry
Whether it is using social media platforms directly to network, helping you learn more and find deals in groups, or just not using it at all–everyone develops their own strategy for success.
It’s always good to dabble in it and give it a shot, you never know who you might meet, events you may hear about, or opportunities that could surface from it.
Come back next month for a new edition of Flip Tips to learn about our other series topics like the best property types for ROI, preferred house layouts for investment properties, and how to grow your business.
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Disclaimer: The above is provided for informational purposes only and should not be considered tax, savings, financial, or legal advice.. All views and opinions expressed in this post belong to the individuals referenced. NMLS ID: 1125207 Terms, Privacy & Disclosures. Copyright LendingHome Corporation 2020.