Monday, March 26, 2012
Killing the real estate investor
There seem to be a lot so called real estate experts in this market. I see constant ads with experts saying that they can show you how to buy wholesale real estate. What they don't say and do can kill you as an investor
I had a investor fly in from San Francisco this week and he had been looking at different markets to invest in. He had told me that everyone he had talked to had gave him a great sales pitch.
The so called expert would then get into the details of cash flow, worth etc. that's when he said the conversations would allows go south. In most cases the so called expert would touch on the details and go right back into a sales pitch. The investor was really getting discouraged until he called Rooftopinvestment.com and got detailed numbers and the systems to make sure those numbers happened. The investor was an investment banker and understands numbers and systems that need to be in place to be successful.
He ended up purchasing a great property and we are currently getting it in escrow.
I also got a call from some foreign investors and they were having problems finding a good contractor. They had purchased 6 properties and did not have any system to get them rehabbed after that. These Investors got very excited on buying a investments properties, but failed to have a system in place to make sure the numbers work.
We met them and looked at their properties and are currently negating the contracts. We also have the property management system that will get there properties rented with quality tenants.
So don't get killed being an investor out there, do your research and make sure that you have all your bases covered before you invest your hard earned money on the wrong real estate expert. Making money in real estate is not hard with the right system in place. Brett Young Valley Realty Rooftopvideo.com
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