Setting financial goals, creating a hold/exit plan, developing strategies for market entry, securing capital, defining investment property criteria, utilizing financial leverage, and assembling a strong team.
Acquiring discounted properties in distressed conditions due to factors such as excessive disrepair, the owner's motivation to sell, or financial difficulties, which align with the investment strategy's property criteria and financial objectives. These properties are sourced from various channels, including the Multiple Listing Service (MLS), wholesalers, auctions, motivated sellers, and other opportunities.
Managing the entire project cycle, including scheduling, quality of workmanship, budgeting, and risk management across all phases. Ensuring timely project completion within budget. Developing a renovation plan for the property based on recent sales data from nearby properties and proven modernization trends to maximize its after-repair value.
Conducting a detailed market survey to determine competitive rental rates in order to maximize cash flow. Advertising the property across multiple online rental platforms to minimize vacancy time and attract potential tenants. Managing daily operations, including maintenance, rent collection, tax preparation, and other essential tasks.
Reassessing the hold or exit strategy to capitalize on current market opportunities and explore refinancing options for maximizing returns. Conducting stress tests on the overall investment, including asset valuation, liquidity risk, debt ratios, and cash flow projections.
Upside Real Properties - Smart Flips and Rentals