Better Know Where You Are Buying

Some real estate investment companies sell some very low priced homes that show some great returns. These property need some careful consideration before you jump in head first to buy them.



I have a potential client here from Australia, we picked him up on Friday to go some properties that we were recommending. He immediately showed a address of a property that was recommended to him(Tim is his name). We drove Tim over to the property that he had given us to see, he noticed a big drop in quality of the area. Yes he may get a great return (maybe), the problem would be the quality of tenant and the turn over of tenants in that area. Not to mention the constant rehab that will be needed to keep that property up to snuff.



That is always a bigger problem with having a these type of properties. The first and foremost is getting your cash flow consistently . The other would be maintenance of the property. That could eat up all your cash flow and be a big pain in the rear. When the market turns these types of properties tend do not sell very fast.



We had some more clients in and they were bragging how great a buy a friend of theirs got on Ebay. That is right Ebay! We drove them to the property and they too saw that it was a horrible area. In fact we had to leave a large person to guard our vehicle to even go get a peak of the property. I instructed them they would be better off to just write off the purchase.



When you are buying real estate keep in mind the area's you are buying in. There are great deals out there that get great cash returns. We have some that cost south of $40,000 rehabbed that will get a 18% return or better! We carefully pick our properties and understand what neighborhoods and schools will draw the best tenants.



Let me give you an example we have with a client. His property has been rented for 4 years and he has netted $620 per month over those 4 years. That's over $28,000 net profit. He only paid $40,000 for that property. We have many other examples but in the essence of time.



There has never been a better time to invest in real estate. Just make sure you understand what type of property you are buying and where it is.



Check out some of our properties at Rooftopvideo

Brett Young Valley Realty Rooftopinvestment.com

Having time to do your own business

Doing any business can take a lot of time. I mean you don't get a product and start a website that sells that product and get immediate profit. It takes a lot of time and effort.

Having the time to meet with clients and do proper marketing can take a lot of time. Clients time is valuable and you need to make sure you or someone in your organization has the time to meet with clients.

Marketing is probably the most important thing to focus on when you open a business. This does take time and some dough. Unless you understand the Internet it can be costly. A site I like to use in Elance it has a lot of vendors that help you with your venture. It also allows a lot of people to bid your project.

Running day to day need to be consistent. Answering the phone can sometimes be a challenge. Their are services out their that will answer the phone and email you the calls. Make sure their professional and do their job, good news is that they can cost as little as $50.00 per month.

Setting up email campaigns is very important. Once you have a potential client email you need to make sure you stay in contact with them. You can do this through services like Icontact and other similar types of email services. Those services allow you to send a weekly ad to your potential client, this lets your potential clients see what your doing and may get them off the fence and start giving you business.

These are just a few things you can do to get your business going. Just remember a business doesn't take just overnight it takes a lot of time and effort to be successful. Brett Young Valley Realty WWW.Rooftopinvestment.com
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Brett young
Owner/ CEO Roof Top Investment
Real Estate Investment

What type of investment system do you have?

I run into a lot of so called experts that make huge profit claims. In fact I spoke to one a few months ago that informed me that the client wasn't really going to do all that well on their real estate investments. They were fine with the clients making little to nothing and the so called expert was OK with that.

I was a little surprised and upset that someone in our field would say that. Experts are supposed to take care of all the investments that are purchased with their system.

Really a system shouldn't just cover the purchase of an investment property, but the length of time your client owns the property. That includes selling the property or renting it. I know I deal with my clients properties daily. Some have not purchased a new property for a few years. That doesn't matter to me, they will be taken care of through the life of their investment with my system.

I dealt with over 10 property management issues this week alone. One property had a tenant that had court problems and the section 8 contract was going to be terminated. We found out that the court did not take care of that paperwork and therefore we kept the tenant.

Another issue this week was the city wanted a driveway repaired or they were going to give my client a fine. Again that was immediately taken care of. We got a fix on that the driveway and it was the first time the investor had to put any money into the property in 2 years. Plus having our own private maintenance company saved him some big dough!

Another one needed an inspection through the city, and it passed with very minimum repairs after 1year. $300 to be exact. We lined up our people and took care of that inspection. Having your own private people allows quick response at very reasonable rates.

So make sure the so called experts have a system that will be backing you after your purchase. Make sure that when a problem arises they will be running for the hills. Please don't buy a system that is on a Cd course that only tells you information and doesn't have a place to actually help you get started.

Being successful in real estate investing is a lot easier with the right system.
Brett Young Valley Realty

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

Raising money for your portfolio

This process will take you some time and money but could land you huge profits. When your raising money for anything make sure you talk to a lawyer before you start doing anything, You can get into some securities issues.

One way to do this is to get a partner. I would use an LLC (limited liabilty corp) to set this up. You can have you and your partner or partners on as members and it creates a great vehicle for you to go into partnership. I highly recommend a third party running all the money. Escrow companies are great for this.

If your going to raise money make sure you have a business plan. Not a do it yourself one but one drawn up by professionals. You can find some great companies that do this on the internet starting at $200 and it goes up from their. These types of plans make you look very professional and will open new doors for you.

Another way to raise money is simply advertise what your buying in the area your in. For example if your in Phoenix maybe craigslist,google,facebook,Lindkin and many more. Be very consistant when your doing this because it may take a while. I've had my company for 4 years and being very consistant on advertising is crucial.

You may also want to make yourself a website to do this. Again consult with an attorney and make sure your not breaking any security laws. This is a great way to advertise, just remember the website itself will need advertising in search engines,SEO and alot of other things. You can easily find someone to do this at Elance.com. It is a great resource for both websites and marketing your website.

Lastly I want to go over setting up a receptionist. You can get them online for as low as $50 a month. They take 100 calls for that price and they will email or text you your messages. Make sure they are professional and answer the phone. This is a great way to market and look professional expecially if your working a full time job.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment