Monday, November 9, 2009

Once in a life time opportunity to take advantage of depressed prices to make money investing in real estate.

Once in a life time opportunity to take advantage of depressed prices to make money investing in real estate.


Recent examples;

• Client A invested $45,000 to achieve an operating profit of $8,000 per
year or 18%.ROI and purchased a property for $35,000 cash that sold for $167,000 in 2006.

• Client B invested $52,000 to achieve an operating profit of $11,000 per
year or 21% ROI and purchased a property for $35,000 that sold for $170,000 in 2006.

• Client C Invested $50,000 to achieve an operating profit of $12,000 per
year or 23% ROI and purchased a property for $180,000 that sold for $390,000 in 2006.

Formula for our success:

• Rent until prices recover.
• Locate properties where the price has declined more than the market.(normally repossessed or short sales).
• Develop a realistic P&L considering closing, renovation and operating costs.
• Know the town, neighborhood and street.
• Have adequate cash to purchase low cost properties, large down payment and renovate.
• Purchase property.
• Renovate as required to taste of target tenants.
• Careful vetting of tenants.
• Allocate personal time to managing the property of hire a professional management company.
• Use Experienced Professionals.

If you want to know more call Steve Reilly, Higgins Group at 203-246-7372 or email swreilly@swreilly.com

Regards, Steve Reilly

Higgins Group
Best Practice Real Estate

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