GENERATING BUSINESS WITH TENX The Leading Online Real
GENERATING BUSINESS WITH TEN-X
The Leading Online Real Estate Marketplace NUMBERS INVESTORS MILESTONES 2007 $50 Billion Company founded Of assets sold 2008 300, 000+ 1 st Online Auctions Assets sold 2016 Ten-X 2 © 2016 Ten-X, LLC. Confidential & Proprietary
The Ten-X Brand Family Our new name, Ten-X, reflects expansion of the services we’ll be delivering – and to the much broader audience we plan to reach via three distinct lines of business. Empowering brokers and investors to buy and sell commercial real estate online, blending datadriven tech with industry expertise to help you Make the& Proprietary Market! © 2016 Ten-X, LLC. Confidential Enabling real estate consumers and agents to more successfully connect, collaborate and transact via a personalized online experience 3 The nation’s largest online real estate marketplace, now exclusively focused on the sale of bankowned and foreclosure properties
4 © 2016 Ten-X, LLC. Confidential & Proprietary
Auction. com: We Source Properties from 100 s of Institutions… 5 © 2016 Ten-X, LLC. Confidential & Proprietary
Auction. com: Search by Broker Co-op Available With Commission 6 © 2016 Ten-X, LLC. Confidential & Proprietary
Auction. com: How Do You Convert 0% Co-op into Income? ? Find, Prepare and Market • Proactively find prospective opportunities for your investors • Title Reps are your friends • Before submitting an offer- understand the liens (if any) • Prepare a CMA & Buyer Net Sheet • What is the cash return for your client • Include the costs • Your commission, outstanding costs Rosio sold 60 properties over two years using Auction. com. Online webinar “How to Make Big Money on Properties with 0% Co-Op” https: //goo. gl/Pyr. WQN 7 © 2016 Ten-X, LLC. Confidential & Proprietary
Auction. com: How Do You Convert 0% Co-op into Income? ? Turning 0% to 7% and More • • Success/Acquisition Fee (1 -3%) Rehab Management (5% of Rehab) Securing the Flip Listing (3%) Double-End (6 -7%) Don’t Fall Victim to Fear of the Unknown • Ask for Your Commission and Your Investors Commitment 8 © 2016 Ten-X, LLC. Confidential & Proprietary
Auction. com: A Wholesale-Priced Buying Opportunity Not on the MLS Clientele Sources • Banks Want to Sell to Investors • Banks Do Not Want as REO • Priced to Sell • Investors you Already Know • Local & Regional Investors you Don’t Know Who is Buying These Properties Today? Professionals / High Net Worth Individuals • Doctors • Lawyers • Investors • Institutional Buyers • Homebuyers (Rarely) Your Circle of Influence 9 © 2016 Ten-X, LLC. Confidential & Proprietary
Ten-X Commercial
Ten-X Commercial: Brokers Are Our Clients 11 © 2016 Ten-X, LLC. Confidential & Proprietary
Ten-X Commercial: Unique Solutions 12 © 2016 Ten-X, LLC. Confidential & Proprietary
Guinness World Record- Largest Online Transaction 309, 734 -square-foot office property in Manhattan Beach, Calif. , sold in a custom auction on July 22, 2015 Shattered the previous record of $40 million 13 © 2016 Ten-X, LLC. Confidential & Proprietary
14 © 2016 Ten-X, LLC. Confidential & Proprietary
15 © 2016 Ten-X, LLC. Confidential & Proprietary
Ten-X Homes Referral Agent Network Program Protected areas A limited number of agents within each area increases your chances for success. Be in control You set the criteria for referrals, from location and square footage to price range. 16 © 2016 Ten-X, LLC. Confidential & Proprietary Ongoing training We offer free skills training from some of the industry’s most respected agents.
Ten-X Homes Referral Agent Network Program No upfront costs With risk-free, success-based fees, you only pay after the transaction closes. Get more information We provide you with more information about motivated buyers and their timelines. 17 © 2016 Ten-X, LLC. Confidential & Proprietary Agent Center Connect with us for quick access to referrals, marketing, training and more.
THANK YOU! Rick Sharga Chief Marketing Officer RSHARGA@TEN-X. COM @RICKSHARGA
- Slides: 18