Renovations in Progress

Investor 101

There is no one way to begin investing in properties, but there are a few things we encourage new and first time investors to consider.

 What type of investment are you planning?

Rental Properties 

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Renovations 

Update properties

Complete renovation 

Buy and Hold 

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What does it take?

  • Expertise on Market Location Flexibility 

  • Quick Response 

  • Recognize the Risk 

  • Keeping Your ROI In Mind -$$$ MONEY

Financial Strategy

Specifications 

How is your project being funded/financed? 

1. Cash 

2. Hard Money Lender 

3. Conventional Loan 

4. Homestyle Rehab Loan 

5. Cash and Lender 

REMEMBER: 

You have to fund the purchase of the house + the project being done  =Appraised Market Value of Property

  • What is your budget? 

  • What is the minimum Square Feet? 

  • Will you be adding an addition?

Remember you are looking at  

  • Pre-Cost/Square Feet vs Post-Cost/  

  • Square Feet) What location are you looking in?

Where 

  • Location! Location!  Location! 

  • Locations where there is a demand 

  • Ideally your somewhere where there is substantial demand

Who is On Your Team

Who do you have for Funding? 

  • Who is doing your construction General Contractor? 

  • Do they know about permitting and required building codes? 

  • Who will be designing your project?

    • Do you have Home Insurance?

    • What does your REALTORS do?

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