Rent or Flip
Having an investment and exit strategy in mind prior to purchasing a property is a crucial part of being successful in this business. Our Sales Associates have a great deal of experience in valuing property, analyzing renovations, and determining rental rates. If you’d like, we can assist with an investment plan that can include multiple exit strategies. Here are some of the post popular and profitable strategies currently used by our investors:
- Quick Flip – this strategy generally involves purchasing an undervalued property and immediately selling it in as-is condition at a price below retail value. Because you’re buying the property at a discount and selling the property at a discount, the potential profit may not be as high. Since the property is sold in as-is condition, you may not have to remodel the property. If you have a property you’re looking to “Quick Flip,” call us first – we may want to buy it or we might have another investor in mind.
- Renovate & Flip – property rehabbing and flipping requires a realistic analysis of market value, rehab costs, and estimated hold time. Money can be lost if any one of these three components is miscalculated. We started out in the property rehabbing business and have experienced just about every possible scenario. We’ll be happy to talk to you about our experiences and assist with analyzing the key components. We can also put you in contact with some of our best contractors who can make the rehab process a simple one. In addition, we can help with re-selling the property when you’re ready to put it on the market.
- Rent & Hold – more Americans have become independently wealthy through their real estate holdings than from any other source. Locating an undervalued property, renting it for monthly cash flow, and gaining long term appreciation, can be extremely rewarding. In addition, the monthly income earned is considered “passive income” – the income you don’t have to “clock in at the office” to earn. Aside from the profit potential, there are numerous tax benefits to holding property long term. A reputable and aggressive Property Management company is a key component to this strategy. Many investors give up soon after becoming a landlord for the first time. Showing the property to prospects, qualifying tenants, signing leases, taking maintenance calls, and conducting property inspections can be daunting without a good management team. Let us help you analyze the market rents and put together a rental management plan for you. We promise to make this strategy as easy and profitable as possible. Call us today.