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Market research. One of the biggest mistakes I see investors make is foregoing market research. Thorough market research involves compiling mountains of data on things like vacancy rates, crime rates, local legislation, school ratings, and so much more. Our acquisitions team spends the better part of a year digging into market data to ensure we’re choosing the best, most sustainable markets. This is an incredible time saving shortcut for our investors because it allows them to expedite the market research process – we’ve already done the research and compiled all the data for you.
How to Choose a Real Estate Market:
Access to lenders. Here’s where it gets really good! Our financing team works with over 200 lenders to help our investors get the best rates and terms available. 200! Depending on where you live, you probably have access to a handful of different banks to shop around at. Sites like Bankrate can give you access to a wider variety of options, but I can’t think of another way to get access to 200 different lenders.
Finding properties. We all know the housing market has been hot over the last few years, so finding a property that makes a good investment can take a lot of time and patience. Our properties at Morris Invest are build-to-rent new construction rental properties in the best neighborhoods and school districts. The heavy lifting of selecting a property is done for you.
Hiring contractors. If you’ve ever worked with contractors, you’ll know: their skills and reliability can really run the gamut! There are some great hardworking professionals out there… and unfortunately on the other side of the coin, there are some who will overcharge, fail to hold up their end of the deal, and miss deadlines. Our company has already found great contractors in our established markets, so our clients don’t need to worry about working with a subpar contractor.
Negotiating property management fees. We tend to refer our clients to a select few property management teams that we’ve vetted. And because we’re referring so many investors to these teams, our investors are able to reap the benefits with a lower monthly rate.
Bulk pricing. You already know that the price of everything is higher these days. But since we build our properties in bulk, we’re able to get discounts on everything from lumber to fixtures and hardware. And then we’re able to pass down some of those savings to you.
Lifelong support. Our team is not in the business of turnkey investments, where we pass you the keys and never speak again. Our business is rooted in forming relationships and helping our clients reach their goals. That means, you’ve got access to your portfolio manager and our customer service team. Whether you have a question, want to give feedback, or are looking to discuss your strategy, we’re here to support our clients – for free. And it all starts with one free phone call. If you’re interested in learning more, we’d love to get to know you and hear about your goals. You can schedule a free call on our website:
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
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By: Morris Invest
Title: 7 Ways to Save with Full Service Real Estate, this changes EVERYTHING! | Morris Invest
Sourced From: www.youtube.com/watch?v=XEcpLjK-08k
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