Wednesday, July 1, 2009

Present Inventory of Properties

Most real estate investors are able to obtain three to five properties. It's after than where it becomes a little tricky.
As of today, we have about 20 properties. This includes six properties in partnerships.
The properties are located in Barrie, Orangeville, Woodstock, Burlington, Ancaster and Hamilton.
I believe you don't need to live close to your properties but need good tenants. The location is important but more important is your objectives. Are you going to be a buy and hold or is your goal to turn over the properties every few years. Perhaps its a combination. 
The reason why my properties are scattered was mainly because of opportunity at the time.

Rent to Own Formula

You pick your location, you pick your location and we purchase it for you. A preliminary meeting is arranged between us. We determine the value of the house. It doesn't make any sense to rent a property that you won't be able to later afford to purchase.
The primary goal is to get you into ownership. It's up to us to provide the assistance and expertise to make it happen.
The process is basically as follows:
1. arrangements are made to set you up with a real estate agent
2.The agent takes you to view properties in an affordable price range
3. Once you choose a property that you want – I place an offer on it
4. You advise an acceptable move in date which I stipulate on the offer
5.We place a few other conditions on the offer and one is a home inspection
6. Once the house inspection is done and accepted then we proceed to purchase
7. You move into your house at the agreed date
8. We start the rent to own program at the price we obtained it (much different than other programs where they add $10 to $20k to the price)