THE INVESTOR EXPERIENCE
READY FOR A BETTER APPROACH TO INVESTING?
The process of buying an investment property is very similar to buying a home, but with a few key differences…
1. WANTS & NEEDS
Do you want a monthly cash flow from real estate? Maybe you have one property and are looking at options to invest more. Do you want to be hands-on, or hands-off with a property manager handling the details? Have you thought about, how far away should the property be located? What will bring you the highest return on your investment a Single-family or Multiplex? Are you stepping out and doing this alone or are you considering a Joint Venture?
We would love to help you craft a specific plan, and a path to help you develop a plan. Being an investor isn't for everyone but having a clear vision, knowing the market, and having the right agent or team to help is critical.
Do you have cash to buy with? Is that's great but more often than not, investors are seeking funding. It’s important to know and get set up with your financing if needed, right from the beginning. When you start investing in real estate, certain lenders will limit your borrowing, and others will allow you to move ahead with the next property much easier. Most lenders will only loan up to 75% of the project. Do you have a down payment? Do you have someone willing to invest in you and your vision? You’re also going to want a great tax advisor, because investors know that it’s not what you make, it’s what you keep that matters.
3. VIEWING PROPERTIES
If you won’t be living in the property, then make sure you only think about it from your tenant’s perspective. Based on the area, what would THEY expect to see? Listen to your advisers even in this category. Lean on their expertise in this area to save you money and future trouble. The home may not fit your needs, but that’s okay. The important question is whether or not it’s good for THEM. You might be tempted to add really expensive tiles, when it may make more sense to limit your spending with something almost as nice but half the price. The best investors stay within the budget and stick to their bottom line, (be prepared for unexpected expenses that can pop up). Experienced investors establish a repeatable formula for searching for the right opportunity. We can help you see things with the right lens to be successful. Do not watch HGTV and think that those shows have anything to do with reality. Get to know your market and what to expect from it.
4. MAKING OFFERS
All buyers want the best deal, but as an investor, you need to be absolutely clear about your goal, and remember that money is made on the BUY, not necessarily on the selling side. Stick to your plan, and don’t allow your emotional state to take over. We’ll help lay out the facts for you, and connect the dots before you make your offer.
Our experienced team believes in empowering through continued education, tested and true experience! We would never want you invest in a property that we wouldn’t consider for ourselves. There are no guarantees but we would love to help you become a successful investor with the tools we have and experience that is so powerful and invaluable.
WHETHER IT’S YOUR FIRST TIME INVESTING, OR WHETHER YOU’RE A SEASONED PRO, WE WANT TO HELP YOU MAKE IT WORK! WITH OUR THE KNOWLEDGE AND EXPERIENCE IN THIS MARKET, WE CAN BE A VALUABLE TOOL FOR YOU AND YOUR BUSINESS. IT CAN AND DOES VARY FROM TOWN TO TOWN AND COUNTY TO COUNTY! WORK WITH SOMEONE WHO KNOWS IT AND KNOWS IT WELL!
HERE'S WHY WE THINK WE WOULD BE A GREAT MATCH TO HELP YOU...
While the opportunity may come up to make short-term gains, we are much more committed to the idea of building your long-term wealth through intelligent real estate choices. We don’t believe in high-risk ventures that could get you in big trouble, if we feel uncomfortable with a house, area or price, we will be honest and tell you. Smart real estate investing requires patience and time. We won’t be satisfied until you find the right opportunity.
We believe in having a solid plan as an investor. If you don’t have a vision and know where you’re going, the results make not be what you you are looking for. Keep an open mind to possible other opportunities that can arise, it happens. But try and stay focused on the specific area, style, and price range that will make your numbers work. Stick to your gut instinct and get advise from those that have first hand knowledge of what works.
Some of our investors prefer single-family homes or condos, and others prefer multi-family dwellings. Some will invest in commercial or industrial property, and others might prefer the high-headache but high-return potential of student housing. (We are in a college town.)
We have a strong network of service providers and vendors across the beautiful; Southeast Tennessee Valley. So whether you need a lender, insurance, real estate lawyer, contractor, electrician, plumber or painter, we've got you covered. We have lots of options for you to choose who you want to work with. You’re never forced to work with anybody we recommend, but the connections are there when you need somebody you can trust.