How would you like the opportunity to buy into an investment - one that is already up and running - where you could earn up to 16% on your money? Interested? Then please read on.
First, some background: 2008 marks the 11th anniversary of the year my wife Stephanie and I purchased and then "flipped" our first home - long before the era of the myriad "Get Rich Quick in Real Estate!" schemes found on all over television of late. As my 36th birthday fast approaches, I remain amazed by the many changes in the real estate market over the past decade.
Often, someone wearing a long face asks me, "So, how has the real estate market been for you?" I surprise him or her with my answer: "Not too bad, actually." Their surprise fades with the simplicity of my explanation: "Buyers who want to buy take action: they buy. And sellers who want to sell adjust their prices in reaction to market forces, and sell." (Of course, sellers who refuse to lower their asking price or upgrade their home to meet that price do, indeed, find the market bearish.) Simply put, the market works for me because I have adjusted to the realities of the current market.
One major adjustment I have made is a change to my business so as to meet the needs and demands of the new market. One of the steps I have taken is a move into property management of rentals in single-family, multi-family and lo-rise units. My work experience led me naturally in this direction: I have 10-plus years in the real estate business and as being a landlord; and in August 2008 I will receive my Pennsylvania real estate brokers' license, thus giving me the opportunity to catch and ride the new wave of exploding growth in residential property management.
Why the exponential growth in rentals? Because ever-tightening credit standards, (minimum scores of 720-plus for Fannie and Freddie, and 650-plus for the FHA) along with a glut of unsold inventory means more property owners must resort to renting out the homes they can't sell. Thus, more consumers have become (or will remain) tenants.
ALL OF THIS CONFUSION PRESENTS A PROFIT OPPORTUNITY! Most property-management companies will not work with small owners (those with fewer than 3-5 units or those with single-family properties). Yet these are the owners who have the greatest need for management help. Many small investors bought into flips they cannot unload, or bought expensive units at the top of the market that have turned from gems into white elephants. For most of these investors, being a landlord was never their desire or goal. However, the only choices they have are losing money on a vacant property, or renting and recouping some of their losses until the market strengthens. But they face this daunting task with little or no experience in property management (i.e., dealing with tenants).
And that is where my business - and your opportunity - come together.
Through RE/MAX Main Line, my wife Stephanie and I began assisting some of our investors who came to us seeking help in property management. Without aggressively pursuing these investors, we were able to grow our business in the first half of 2008 to almost $5,000,000 in investor assets, with gross rental-collections of some $200,000 annually. We are presently negotiating with a multi-unit investor who, if he comes aboard, will double our business to some $10,000,000 in asset management, and gross rental collections of $400,000 annually. As property managers, we take a percentage of those gross rental collections - money that comes in month after month as residual earnings. The question is how can you benefit from the net cash flow mentioned above?
We are seeking investors who would like a return of between 8% and 16% on their cash investment so we can grow our business to the next level. First-stage funding of $100,000 will enable us to grow the asset management to $25 million. Second stage funding of $250,000-to-$1million will allow us to truly grow and potentially acquire an existing property-management company and stake our claim in the Delaware valley market as a major player in the business.
For those investors who have larger sums to invest, we are prepared to offer premium returns on their investments. At present, from just the properties we are currently managing, the passive net cash flow could easily pay 16% on a $100,000 investment in interest-only payments.
If these returns on investment have piqued your interest, and if you want to know more, please call me directly at 484-433-3931. Or you may visit our web site at www.AskTheBigGuy.com
"IN CONFUSION THERE IS PROFIT!" --Tony Curtis, Operation Petticoat
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