There are several things to consider when deciding to invest in a particular property. All successful real estate investors know that due diligence is an extremely important practice before making the decision to proceed with a potential deal. Here a few things we consider to ensure we come up with the most appropriate rehab strategy for your project.
So, how much is the rehab going to cost?
One of the highest impact factors on any real estate deal is the cost of renovation. Having this very important piece of the puzzle before you submit your offer can save a substantial amount of guesswork and possibly a very costly surprise if the expected rehab costs are off in your deal analysis. We offer a quick analysis of the expected construction costs to help you decide if the deal is a pass or play property before you buy it. We've helped many investors avoid some of the traps and pitfalls of real estate investing with our pre-acquisition walk through services. Contributing to your success, contributes to ours success.
How do the comps look?
Running a report for comparable properties for the area you plan to purchase your property is essential, and can tell you a great deal about what you can expect to get out of your investment. We can help you analyze your comps and answer a few questions regarding level of renovation, sale price, average rent range for the area, how many days on market and many other factors.
What type of funding are you using?
There are many different types of funding for real estate investing. Each of the various funding options have a unique set of terms and play an important role in scheduling and duration for your project. We have experience with many different types of funding and understand how to utilize each one to minimize your out of pocket expenses.