As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.
What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE.
One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.
On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise. I have have had the benefit of being able to build on these new found relationships for future deals.
The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.