Getting Preapproved
Getting pre-approved by your lender will solidify your price range, give you 100% clarity on the carrying costs of each price point, and show sellers that you are a serious investor. It’s a formal written commitment from your lender for a certain mortgage amount. Many sellers will not entertain contracts for buyers who are not preapproved because there is no way for them to be sure that the buyer can afford it! We highly recommend that you shop around when it comes to lenders because rates may vary drastically. If you would like some personal references of ours, call or email us!
Professional Representation with a Fighting Spirit
Having a Realtor that you can trust that is focused on YOU and not a commission is essential! All too often we see real estate agents compromise their investor’s negotiation stance prematurely to close a deal and receive a check. Not only do we put the relationship first, but our team members become your lifetime real estate advisors. We will tell you which deals are solid and which are garbage. There's a lot of bad deals out there and some good ones; we'll point out the difference!
All of our team members have invested extensive time and money into deepening our negotiation, pricing, and professional communication skills. It's the key to making sure you get the best deal possible and intelligently build your real estate wealth!
Organized, Level-Headed, & Focused
When it comes to the TOP investment opportunities on the market, they go fast! You need to stay on top of current inventory, coming soon properties, and ones that reenter the market so you do not miss out. Setting up online alerts with general parameters can help, but a daily comprehensive search is generally necessary. Especially getting access to off-market multifamily properties, like our database of upcoming listings and off-market opportunities!
When considering an investment property, imagine your ideal renter target market renting and living in it. How easy do you think it would be to rent vs the alternative options? Make sure to always look at the ACTUAL financials in terms of revenue and then proforma costs. The mistake many investors make is taking the listing agent's "estimated proforma revenues" (which are "pie in the sky" numbers) and their current/outdated/incomplete costs. That creates artificially inflated revenues with lower than actual costs. We strongly recommend using a real estate agent fluent in investments because the legal liability, financial costs, and potential missed opportunities (better investment properties you won't see looking yourself!), well exceed an elite agent's fee. Not to mention, in our Tampa Bay market the real estate commission can be negotiated into the deal so it's not any cash out of pocket for you!
Be Quick to Punch, then Slow Down
Competition can be fun, but not when you’re investing in a property. By getting to your ideal investment deal first before other investors, you can start negotiating without any other offers on the table. If it becomes a multiple-offer situation, it is unlikely that you will be able to purchase it at a reasonable price with reasonable returns. We not only make sure you're first to the punch, but we also give you exclusive access to off-market and upcoming inventory to give you a competitive edge!
