Strategic partners are essential for flipping houses. They can be a great source for direct new business, enable you to obtain discounted services and even slash your marketing expenses.
What types of strategic partners should you be looking for in your flipping houses business?
- Real estate attorneys
- Bankruptcy attorneys
- Divorce lawyers
- Hard money lenders
- Private money lenders
- Insurance agents
- Home warranty companies
- General contractors
- Handymen
- Home inspectors
- Printers
- Realtors
- Mortgage brokers
- Bank loan officers
- Title agents
- Marketers
- Channel partners
Networking with these strategic partners is actually very easy providing you approach them with a strategy the offers value to them too. However just networking and getting the odd referral is just the tip of the iceberg when it comes to the potential of strategic partners and flipping houses.
Each of these strategic partners and contacts is a virtual vault packed with millions of dollars in business for you. Some can give you leads on foreclosures and distressed homes and others can feed you buyers and renters. However, you shouldn’t just sit and wait for leads to come in.
Perhaps the most powerful why to use strategic partners to benefit your flipping houses business is by being able to tap into their database of past clients, leads, subscribers and social media followers. Look for ways to cross promote via email campaigns, guest blogging, and social media competitions. However you can also bring together several strategic partners to put on events, do direct mail and run display and print advertising campaigns which can end up costing you nothing but an hour of brainstorming!
Real estate investing companies that are not licensed brokerages also have the unique advantage of being able to legally offer referrals, which can make your relationships much more valuable to your partners than other contacts they have. These professionals are money motivated so if you can offer them a piece of the pie then why wouldn’t they work with you?
