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First I want to let you know that the
only investors that I personally help are the serious
investors who want to build a property portfolio and
learn the "ins and outs" of property management.
If your goal is to turn and burn, then I can refer you
to one of my agents. If you have cash and can move
quickly I can help you with turn and burns because that is the best way
to do it.
I bought my first property at the age of
26 in 1992. I purchased more than 35 properties in
the 10 years that followed, some I sold, some I kept.
My story is a real life Carlton Sheets but without the
'no money down' hype. Depending on the cycle of
the market, you may have to put money down to get a
property to pencil.
In case you were wondering how hard it
is to buy and rehab properties. I have created
several documentaries of actual properties and posted them
for you to see how much work is
involved in doing this. Some are turn and burns
and some have been put into my portfolio. Don't let the amount of
work scare you as I prefer to do most of the labor
myself because I love to do it. If its not your
thing I have a list of qualified contractors you can
have help you out.
Here is the
process of buying investment properties:
·
Finding a property I will
search all the available sources of properties. This
includes the NWMLS, HUD repo's, banks, trustee sales and
numerous other sources. I will determine before making
the offer approx. how much rehab the property will require and
how much you should pay to maximize your profit. If I
feel the property condition is too bad or if it is overpriced I
will tell you right then and there to pass on it. I don't
sell just to make a sale.
· Negotiating the Best Price
Based on market conditions, I can recommend a offer that I
feel might secure the property. After that I can do a
feasibility study to determine whether to proceed with the
process.
· The Rehab I can
assist you in creating a budget and finding contractors who
specialize in every part of the rehab process if it is
necessary. I have contractors that I use regularly that
ensure my customers the best prices. When you learn the
ropes it becomes a very easy process. I have some
investors who have learned to rehab a property in less than 2
weeks.
· Reselling When you
are ready to sell I can market your property at a reduced
commission to maximize your profitability.
· No Consulting Fees You
don't pay me anything for my services.
You simply pay a commission when you resell your
property. It's easy when you are assisted through the
entire process.
Take the first step in
the INVESTING process
Call us at (206) 228-3994 |