Viewing real estate for the first time can be overwhelming, especially when you are planning to buy it as an investment, a rental property or for owner occupancy. What do you look for? Where do you start? How do you know that this property is in good enough condition that it will cash-flow easily? Well, we intend to help you answer these questions and more.
Before you even begin to think about anything, it is good to vet real estate professionals and see which one best suits your goals. You will be looking for someone who may also be an investor themselves or maybe someone who specializes in working with investors. This person needs to be willing to work hard and have their ear to the ground to let you know when deals hit the market. Best of luck in finding the right agent; but don’t worry, it may take a few try’s before you find the right person. Don’t be afraid to fire an agent if they aren’t pulling their weight. Remember: They are working for YOU!
Did you know that 37% of the United States rents their home or the equivalent of nearly 44 million households and over 111 million tenants? You can have your share of that demand if you so choose. But real estate agents usually want their cut too. Realtors will take a full month’s rent in commission between the renting agent and the owner’s agent (The property owner pays this, nothing comes out of the tenant’s pocket, depending on the state you own your rentals). In our case, one of our units had been vacant for 3 months before we got it rented again. To lose another month of income on top of that would have been devastating! I am here to tell you that you can avoid losing valuable rent, but you do have to put in the time to make it happen. There are a few tricks to getting this all done if take the correct steps. This post should guide you in the right direction.
Chris and Joe have years of knowledge, stories, and experience to share with you. This is where you can access their minds, to learn about what they do and how homeowners can be more effective when in tough situations.