Ameritex has extensive experience working with investors of all kinds, from institutional investors to first-time investors. We understand that investing is often a long process requiring patience, plenty of research and careful consideration. For that reason, Ameritex agents focus on providing clients with enough information about prospective properties to make informed decisions about their investment options.
Purchasing a property to rent or lease, many investors will purchase foreclosures, distressed properties and properties that will yield a good return on their investment. We supply critical information about current market value to our clients, show the properties and provide financial information. Typically, that financial information includes such things as current rental market conditions to determine if the property or properties will generate enough cash flow to show a profit, break even or a deficit (loss). We also have a list of hard money financing companies who will provide the money to purchase the property and rehabilitate/repair it. This is particularly true since investors are very often investing in properties that are sold “as-is.” With that in mind, here are the two most common avenues for residential investing:
- HUD – HUD bidding is the practice of bidding on listings, usually through hudhomestore.com (though HUD listings are commonly listed on MLS as well). In a typical HUD transaction, the investor has their agent place a bid for a HUD listing. If the HUD listing agent accepts it as a winning bid, it proceeds similarly to a conventional real estate transaction. If the investor opts to have their bid also be kept as a back-up offer, they may still have a shot at winning the property, even if they aren’t the winning bid, should the winning bid not go through. Anyone may browse the hudhomestore.com website for listings in their area, unlike with MLS.
- Searching for foreclosures on MLS. In most respects, buying a foreclosure found on MLS is not much different from a conventional real estate transaction. REO’s (private lender-owned foreclosures), VA foreclosures and FHA foreclosures are typically listed on MLS. Ameritex agents can set up a search for our clients to automatically be emailed foreclosure listings that match their criteria. From there, we can arrange a day to have showings on the most appealing properties.
In closing, Ameritex helps investors because we understand that investing is just that – investing. We aim to help our clients formulate the best investment strategies to reach their goals. We’ve done it multiple times and we’ll gladly do it for you.