Purchasing Investment Property
Some insights and pointers on the process and how to prepare yourself for purchasing your first investment property
Where do you start?
Once you have decided to purchase real estate to meet your investment goals, Gerchick Real Estate’s Team Advisors can help you identify and purchase your investment property. Your Team Advisor will help you identify your investment goals and the right real estate vehicle to meet those goals. This is accomplished by doing an in-depth cash flow analysis to identify the property that meets your specific investment needs. Your Team Advisor will then maintain a long-term working relationship with you and keep you informed of the latest market trends relevant to your purchase.
The cash flow analysis performs the dual role of:
- Analyzing the true cost of acquisition and management of the property.
- Providing the buyer with realistic expectations for their investment‘s required contributions and subsequent profits.
The working relationship you form with your agent will include making sure you are fully informed of all your due diligence throughout the acquisition process and negotiate the best possible deal between you, the buyer, and the seller. Your Team Advisor will have fiduciary duty to you alone and will protect your interests at all times. This relationship goes beyond the purchase of your property and extends into the holding period of the investment property by keeping you informed of the current market conditions affecting your real estate investment.
The Investment Process
Your Advisor will provide recommendations for established and experienced Property Management companies who will be managing and protecting your property. He/she will also be a resource for you for facilitating good communication and problem-solving during the holding period of your investment. Your Advisor will network you with initial complimentary consultations with real estate professionals, such as CPA‘s, Attorneys, and 1031 Qualified Intermediaries as needed and will help you identify the best professionals for your individual needs.
Finally, your Advisor will help you plan an exit strategy for the sale of your property. This plan will be based on your investment goals, current market conditions and the performance of the property. When it is time for the sale of your property, your Advisor will help you to maximize your purchasing power for your next investment and minimize your tax consequences by utilizing the tax deferment of the 1031 Exchange. Gerchick Real Estate will guide you through the 1031 process, transitioning you seamlessly into the next level of your investment goals, making sure you perform within the guidelines established by the IRS.
Gerchick Real Estate Advisors stand out in the Real Estate Market in their complete package approach to investing in real estate. They will assist you through every stage of the purchase escrow and help you maximize your investment to its greatest profit potential. Gerchick Real Estate has the experience and ability to address the needs and concerns of the first time buyer as well as the in-depth market analysis required by the more seasoned real estate investor. We TRULY make the market work for YOU.
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