When you are investing in real estate, understanding the different markets will make you more profitable in the long run.
Our company allows you to buy in three states that vary in their prices and profits. For example; Ohio offers homes vary from $25-$50K remodeled in Michigan $25K Remodeled. Phoenix is a little different there is a vast spread on the prices and areas you can buy. The prices I recommend range from $35,000-$150,000 in Phoenix.
Buying the property at the right price is only the first step. Remodeling right and in budget is the most important issue in investing. I've seen people spend so much money in construction and end up loosing in the end. Understanding construction is the most important thing in investing. My company has done 300 plus flips and undestand that the numbers must be right in this area. A home should take 4-6 weeks to get done.
When doing construction remember there is a difference in a rental remodel and a flip remodel. The rental should save you money. The flip would be more detailed and have more upgrades. Better flooring,paint, lighting etc.
The end game is important also. If your selling it or renting it make sure you have it set up and ready to go. If your selling have the sales price and verify it at least twice. Rents can be varified thru running a fake craigslist ad or a good property mangement company. Again we have all this taken care of for you.
In the end make sure you have you team in place and understand your end game with each property.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://MyOptInPage2.com/?pid=5576497
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