Investing In Real Estate

Financing for investors is unique and requires thoughtful planning, usually in cooperation with your accountant, tax advisor, lender partner, and attorney. If you don’t have these professionals yet, no problem! We have a fantastic network of professionals who can help. If you are not planning to use cash for the purchase, you will need to get pre-approved with a lender and learn their requirements for your specific situation. Our network of the very best lender partners are an invaluable resource in securing the best financing. We will help coach you on the down payment that makes sense for your goals and for the best cash flow, return on investment, and return on cash; 20% is the typical minimum requirement for most lenders.

Once financials have been vetted and we know the property or complex is worth considering further, we move on to a site visit to assess the property’s condition in person. If you are able to be present, great! If not, we regularly use FaceTime and Google Meet to bring our clients along. Alternatively, we can take detailed video that we upload to an unlisted YouTube link so you can see what we are seeing, including the flaws and deferred maintenance to help inform a potential offer. 

Once we have sufficient knowledge about the investment opportunity and know the deal makes enough sense to move forward, we will help you formulate an offer with the most advantageous contract language, specific terms, and deadlines to ensure you are getting the best possible price and overall terms. This is where experience really pays off! We know the norms of the market, the nuances of contract language that can benefit or harm you, and have built relationships of collaboration with the other investors, realtors, and property managers in the area to get deals done.

Just before we get to the closing date, there are a lot of final details to wrap up and legally required documents to review, approve, and sign. We’ll be working with your lender, if applicable, or the closing company if you are using cash for the purchase. We’ll loop in any professionals like your accountant, especially if a 1031 Exchange is involved. We’ll make sure copies of all existing leases have been delivered and deposits to be transferred are appropriately accounted for at closing. Again, we’ll use our experience, checklists, and processes to ensure a successful start with the property you are buying, whether the addition to your portfolio is property #1 or #300.