Real Estate
Investment Consulting

Top 10 things you need to know before considering rental property:

  1. You must be a people person, have a very high tolerance and be patient
  2. Understand the dynamics of Rental Property from a legal and accounting perspective
  3. Your credit scores should be at least 680 and above as an investor
  4. You should have at least $6,000.00 in accessible money i.e. savings, money market, checking, credit card cash advance etc. as a maintenance reserve
  5. Obtain your own Real Estate license or establish a relationship with a Real Estate agent
  6. Understand how to do your own rental analysis of a property and do not rely on anyone else
  7. Have access to  a reasonable handyman and maintenance worker
  8. Understand the state law and city ordinances for tenants and landlords
  9. Know how to screen for good tenants and deal with bad tenants
  10. Learn the dynamics of Subsidized housing (Section 8) and to profit from it

Purchasing Rental Property

Rough times…

We are living in a recession and job stability is uncertain. Corporations have had to cut jobs by the millions bringing the unemployment rate to its highest since the great depression. Trying to make ends meet, people have been forced to live off of credit cards or drain their savings. Those who use the stock market to invest for their retirement are seeing their nest egg dwindle with each passing day and are choosing to use that money now.

Could you use an extra $1,400.00 per month?

Investing in rental property is clearly the best kept secret in making money in this drained economy. Investors are purchasing properties as low as $20,000 and yielding monthly cash flow as high as $1,500.00 per month for single family homes or $3,000.00 per month for multi-units after all expenses are paid. These funds could be used for daycare, college education, savings, a new vehicle or even a house payment. Eric Fullilove, owner of KCI, purchased his first rental property in 1996 and knows first-hand the wealth building potential of buying rental properties. Owning rental properties has afforded him the opportunity to walk away from a lustrous career in Electrical Engineering. The world’s wealthiest people have realized the value in purchasing rental property. Now for the first time in over 30 years, property values have fallen to a point where the average person can afford to purchase rental property.

Really! How does it work

The process of buying rental property is similar to purchasing a private home, except there are some additional preparation and fundamental ground work that must be done. In order to be successful, the investor must complete a detailed property analysis to ensure that the property will produce positive cash flow. Many investors end up losing their rental property because they fail to do an assessment of the area, outline the cost of repairs, and estimate the potential rental income and expenses in relation to the cost of the property. The goal here is to have a positive cash flow after all bills are paid. It is for these reasons that we suggest you join our Real Estate Investment Program to eliminate these risk and sit back and get paid.

“I don’t want to manage tenants”

Millions of people considered investing in rental properties but are reluctant because they don’t want to deal with tenant and maintenance issues. Everyone has heard the horror stories in dealing with tenants and getting calls in the middle of the night. Most of these stories come from irresponsible landlords (Slum Lords) and Landlords who have not treated the properties as a business. The reasons why businesses are successful are because they have efficient systems setup. That’s why we created the Real Estate Investment Program to help you comfortably invest in Real Estate without taking all the risk.

Time-tested systems

Most landlords don’t understand how to make rental properties self-sustaining, where the number of telephone calls and problems with the property are limited. We have nearly 2 decades in experience with buying and managing rental properties, so there are not too many situations we haven’t encountered as landlords.  We have implemented a Real Estate Investment Program, a ‘tried and tested’ system that addresses all tenant and maintenance related issues that most landlords encounter.

We believe in addressing potential problems by documenting all the responsibilities and consequences of both the tenant and the landlord. Proper documentation also helps to keep landlords from becoming emotionally involved with their tenant’s issues and the property remains a vehicle for making money. When the property stops producing cash flow, it is no longer a good investment, but a liability. An effective landlord addresses the maintenance issues and upkeep by making aesthetically pleasing and damage proof repairs to the unit before the tenant moves in. These are just a couple of examples of techniques used in our system to help make your rental property is self-sustaining.

What are you waiting for?

If you are one of the millions of people who have thought about investing in rental property, NOW IS THE TIME TO DO IT! Even if you think your job is safe or you just want a little extra income to supplement your expenses, rental property is the biggest “no- brainer” in the history of the world.

We challenge you to pick up the phone right now and DARE YOU TO MAKE SOME EXTRA MONEY or turn real estate investing into a business. You can call our office at (773) 353 8787 to schedule an appointment.

Top Ten Things You Should Know Before Purchasing Rental Property:

  1. You should have t least $6,000.00 in accessible money (i.e. savings, money market, checking, credit card, cash advance etc.) as reserves for repairs and/or loss of rent. This is critical for investors that will finance the property. (Financing Investors)
  2. You should have a credit scores of 640 or above to be an investor (Financing Investors)
  3. You should be prepared to put down 20-30% to get a loan (Financing Investors)
  4. You should have at least $50,000.00 in cash for a single family home purchase and rehab cost (Cash Investors).
  5. You should understand the dynamics of owning rental property from a legal and accounting perspective
  6. You should obtain a professional real estate license or establish a relationship with a Real Estate broker
  7. You should know how to properly analyze a property to ensure that it will make a profit
  8.  You should have access to a handyman and/or maintenance worker
  9. You should understand both the state laws and city ordinances for tenants and landlords
  10. You should learn how to screen for good tenants and deal with bad tenants