Step-By-Step Instructions to Develop An Investor Niche
1. Attend a seminar that teaches you how to analyze small investment properties using Gross Rent Multiplier, Cap Rate and Cash on Cash. It's important to understand what is important to an investor client. . .before and after-tax cash flow.
2. Attend an advanced 1031 exchange seminar that teaches you some of the more esoteric aspects of 1031 exchanges, especially how holding title as a business entity can affect the 1031 exchange.
3. Develop marketing materials targeted at attracting investor clients and highlighting your 1031 exchange and investment property knowledge. Check out this source for customizable 1031 and investment property handouts/flyers.
4. Develop professional referral sources through accountants, financial advisors and attorneys. See my post on building your referral team.
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Please feel free to contact me if you'd like additional ideas or you have questions about developing this source of business.
Lisa A. Lambert, Esq., 877-646-1031, LisaL@apiexchange.com, Asset Preservation, Inc. www.apiexchange.com 800.282.1031.
Hi Lisa, Your blogs are always so well written and with great information. Thank you!
Patty & Scott Carroll - RE/MAX Equity Group Vancouver WA