Purchasing Rental Property

Rough times…

We are living in a critical time and job stability is unstable. Trying to make ends meet, people have been forced to live off of credit cards, drain their savings or work for less money. 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.

The big secret is, 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.

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

Savvy real estate investors know that 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 $1,400.00 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 to help supplement a house payment. Eric V. 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 lucrative career in Electrical Engineering in less than 10 years.

Really! How does it work?

The process of buying rental property is similar to purchasing a private home, with some additional preparation and fundamental ground work that must be done. A successful 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 consider investing in rental properties but are reluctant because they don’t want to deal with tenant and maintenance issues. You have heard the horror stories in dealing with problem tenants or getting calls in the middle of the night. Most of these stories come from irresponsible landlords (slum lords), landlords who do not treat the properties as a business and landlords who have no idea how to manage rental properties. Successful businesses have efficient systems in place. You can create the same as a successful real estate investor by taking advantage of our 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 25 years of 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.

Here are a couple of examples of techniques used in our system to help make your rental property is self-sustaining. 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 you as a landlord from becoming emotionally involved with your tenant’s issues so the property remains a vehicle for making money. If your property stops producing cash flow, it is no longer a good investment, it’s a liability. Implementing our systems keeps you positioned for cash flow.

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 to discuss your needs.

TOP TEN THINGS YOU SHOULD KNOW BEFORE PURCHASING RENTAL PROPERTY:

1. You should have at least $6,000.00 in accessible money (i.e. savings, money market, checking, credit card, line of credit, etc.) as reserves for repairs and/or loss of rent. This is critical for 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% to get a loan (Financing Investors)
4. You should have at least $60,000.00 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 who can prove to you they have experience in real estate investing.
7. You should know how to properly analyze a property to ensure that it will make a profit.
8. You should establish a relationship with a reliable, trustworthy handyman and/or maintenance worker.
9. You should understand all federal and state laws along with municipality ordinances for tenants and landlords
10. You should learn how to screen for good tenants and deal with bad tenants

Finally, if you really believe you can handle rental properties on your own or you are an experienced investor that could use some really unique techniques and you don’t want to explore our Real Estate Investment Program then, we highly recommend at the very minimum you invest a few dollars this book.

The long awaited most CONTROVERSIAL, comprehensive book ever written on Real Estate Investing. The most brutally honest, No-Nonsense, Kick-Butt, Non-Traditional, grass roots approach to making a TON of MONEY in Real Estate Investing when traditional methods don’t work. It includes jaw dropping stories and valuable tips and lessons from my 25 years of being in the business that no Guru would dare tell.

We promise it WILL CHANGE YOUR PROSPECTIVE in investing in Real Estate.