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?
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Expertise on Market Location Flexibility
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Quick Response
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Recognize the Risk
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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
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What is your budget?
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What is the minimum Square Feet?
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Will you be adding an addition?
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Remember you are looking at
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Pre-Cost/Square Feet vs Post-Cost/
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Square Feet) What location are you looking in?
Where
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Location! Location! Location!
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Locations where there is a demand
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Ideally your somewhere where there is substantial demand
Who is On Your Team
Who do you have for Funding?
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Who is doing your construction General Contractor?
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Do they know about permitting and required building codes?
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Who will be designing your project?
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Do you have Home Insurance?
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What does your REALTORS do?
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