You would like the idea to purchase a duplex, triplex or even a six-plex.
It could be done ... however your personal net worth and where you are thinking of investing will have a lot of influence on the funding of such an investment. In this type of investment you will be
required to do a little bit more homework (also called Due Diligence) to see if the revenues are exceeding the expenses and you will need to pay attention to the condition of the place so that you don’t run into a building that will require a ton of money to renovate, money that you may not have. The location of such an investment is also important especially if you intend to put the strict minimum as a down payment.
The first thing to do is to contact me. Having me review your current Personal Net Worth will provide you with options and strategies to finance your purchase. Whether or not you purchase this property in your name or as a corporation, the lenders will want to know about your personal financial situation and if you can personally guarantee the purchase of this building.
We will also put together a real estate acquisition plan so that you can maximize your assets and equity. I will provide you with many tips and recommendations to facilitate the acquisition of your portfolio.
Finding out your goal(s) and what you have access to, will help me get you the results that you are looking for faster.
Click here to fill in the mortgage application
Once the analysis is done and the plan finalized you will be in a position to comfortably place offers on properties and start negotiating the purchase and looking for renters.
I have webinars that will assist you to learn about pre-screening tenants, reading their credit report and more, click here to register.
We can build your real estate investment acquisition plan to help you replace your current salary and/or retire with regular passive income that will keep on coming until you decide to sell.
Another key to your success is to have access to professionals that specialized into their field and real estate investments. Not all accountants are equal, not all lawyers do real estate transactions, etc. I work with hundreds of real estate investors across the country; therefore I have access to many professionals that have been ‘tried and tested’ which means that I can assist you with building your Power Team.
Click here to see the Power Team Chart Diagram.