Sunday, June 12, 2011
Riding on the right investment real estate train
If your looking at a real estate investment company to find some cash flowing properties, there are some things you should consider before deciding.
The first thing to look for is their track record. What have they've done and what are they doing now. Check what kind of cash flow their clients are getting. Make sure they have history in the business. In today's market you need to make sure they are adapting to it's standards. Also want to make sure they have a lot of examples to see of their past work.
The second thing I would look at is the organization itself. How big is their staff and can they handle all the properties you want. For example are they going to be able to grow and deal with all the new obstacles it brings. Our company just had a full training on Lease Options and how to sell them. We also thoroughly go through the properties and mark the upgrades and the main reasons someone would want those homes. This ensures the property will get the most money.
The third factor would be how much do they know the areas your interested in. The company you pick should have that rolling off their tongues. I had the chance to talk with another investment company and noticed that they didn't like that many areas. They had decided that certain parts of the city was not good enough for them or their clients. This type of attitude could loss you a lot of real estate that would not be presented to you. In defense their are some areas not to invest in, but don't be so critical that you miss out on some really good areas that have great deals.
You want to also make sure that they have a maintenance and construction team that sees to all your details and gets the property ready in a timely matter. You don't want a property taking to long to get rehabbed. Example on a home that needs rehabbing, even if it needs electrical and other major maintenance issues should take between 3-6 weeks tops. Our company regularly audits each home to ensure that the time line is being met. If it is not then we call the client and explain the reason why(95% of our homes get done in this time line). Remember time is money and the longer it sets the less you make.
The last thing you need to look at is the finished product. You need to physically see the property or at least pictures or video's of it. We have clients all over the world that need to see their finished product. We set up a website just for that www.Rooftopvideo.com. That site is for our clients to look at their finished property and all the others we have done and are currently doing. We like our clients to see all our work.
So if your looking at getting into the real estate investment game make sure you understand the real estate investment company your going to spend your hard earned money with. Brett Young Rooftopprofitmax.com
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