The process of buying an investment property is very similar to buying a home, but with a few key differences…
Do you want higher monthly cash flow, or are you looking for appreciation? Is a higher cap rate important? How about cash-on-cash? Do you want to be hands-on, or hands-off with a property manager handling the details? How far away should the property be located? Single-family or multiplex? Joint venture, or do you want to be the sole investor? The biggest mistake we see investors make is that they try to chase all opportunities. We’ll help you craft a specific plan, and a path to get you exactly what you want. Being an investor is about having a clear vision, and knowing the right information at the right time.
It’s important to set up your financing 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. 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.
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? 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 firm on their bottom line, and they have a repeatable formula for searching for the right opportunity. We can help you see things with the right lens to be successful.
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 team believes in empowering you through education, and we would never help you invest in a property that we wouldn’t consider for our own family.
WHETHER IT’S YOUR FIRST TIME INVESTING, OR WHETHER YOU’RE A SEASONED INVESTOR, YOU WANT TO KNOW THAT WE HAVE THE KNOWLEDGE AND EXPERIENCE TO GUIDE YOU PROPERLY.
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 want to know that even the worst case is going to be good for you, and we don’t believe in high-risk ventures that could get you in big trouble. Smart real estate investing requires some patience, and we won’t settle until you find the right opportunity.
We believe in having a strategic plan before starting as an investor. As we learned from Alice in Wonderland, if you don’t know where you’re going, any road will take you there. While keeping an open mind to other opportunities that arise, it REALLY helps to have your “winning formula” and to stay focused on the specific area, style, and price range that will make your numbers work.
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. The point is that you must stand for something very specific as an investor… because then you become an expert – instead of a wandering generalist.
We have a strong network of service providers across the Valley. So whether you need a lender, insurance, real estate lawyer, contractor, electrician, plumber or painter, we've got you covered. You’re never forced to work with anybody we recommend, but the connections are there when you need somebody you can trust.
We know the numbers. We are investors, and we examine everything as if we were buying it for ourselves. But have no fear – we will have a written document prior to working together that indicates that we will not compete with you on any property of interest. Your goals come first, and we want to be sure there are no surprises.