Buying Real Estate for Passive Income
Did you know that 80% of America’s millionaires became rich through Real Estate Investment? Joining this group of successful people is not as difficult as you think. If you had someone to guide you through the wealth building process, would you spring into action? Of course you would!
The stumbling block for most people is finding profitable opportunities in the first place. Most of the investment Gurus that preach “Buy Real Estate” don’t show you how or where to invest. This is the missing piece and you are not alone in your search for that “Great Deal.” All of our clients were in this unfortunate position at one time…
We are here to give you the opportunity to purchase these “Great Deals” for yourself. There is no magic here, just leverage what we have already done for you. Buy Real Estate, hold, and rent it for monthly income.
Location, Location, Location
We’ve all heard the three most important considerations when buying real estate: Location, Location, Location. Refined Properties buys undervalued homes in the Gary Indiana market. Gary Indiana seated on the Southern shores of lake Michigan was once a thriving “steel town.” Today it is experiencing a resurgence of growth that has drawn the attention of savvier investors. When looking for a good investment property you need to find value that is inexpensive. When trying to understand Gary’s new found growth consider these facts:
•A $60M development project is bringing jobs and people back to downtown Gary.
•Cargo carriers are adding shipping capacity through use of Gary’s airport, creating more jobs.
•Crime has been reduced by 30% over the last few years.
•Property values are just beginning to rise after years of stagnation.
•Single family homes are the most popular rental properties and yield positive cash flow due to their modest sale prices
Taking Advantage of a Solid Market
Now that we know that the Gary market is a good place to operate, how do we find and act on the opportunities? This is where Refined Properties comes in:
•We find and evaluate properties for their maximum potential value if renovated properly.
•We put our team of construction remodeling experts to work.
•After the house has been completed we match the house with a qualified person to rent the property.
•Finally the house is sold to an investor like yourself while we continue to manage the home as a rental property.
The Small Investor is our Specialty
Because the Gary market is still relatively cheap, opportunities for the small investor are plentiful. Consider these statistics:
•Average Purchase Price: $50,000 to $60,000
•Average Investment (Down Payment): $5,500 to $6,500
•Average cash-on-cash return: 18% to 22%
•Many of our investors have purchased multiple properties.
These are truly amazing returns!!!
