You can invest in real estate with little money, and today we’re showing you how that’s possible. We are on site at a project right now, working on a house that a remote client recently bought. He is in California, and the property he just invested in is here in Fort Worth. He’s never seen it in person.
Real Estate Investment Guide
Now that we have possession of this property that our client purchased, we are doing what it takes to get it fixed up. A contractor came in to bid on everything, and this is how our client makes money. He comes in and buys something that needs a little work. We will put in a few thousand dollars on paint, updating the light fixtures, and making a few upgrades. This is where the money is, because we’ll be able to turn this ugly little house with strange paint colors on the walls into something really beautiful and comfortable that a great tenant will want to call home.
Invest in Structure, Improve Cosmetics
When you buy a house, you want to make sure it has good bones. That means a solid plumbing system, safe electricity, and things of that nature. As long as the foundation is strong, all the cosmetic stuff can be done later. Think about your investment property like you would think about a person – you’re looking for quality on the inside. It’s the same with houses. You want to know what it’s made from. The faucets and fixtures and the countertops are like lipstick and dresses and fancy pants. The cosmetic things can easily be taken care of; it’s what we do for our clients.
Making Money on Real Estate
Once our repairs and upgrades are finished here, we will get a good tenant who pays the rent on time and takes care of the property. The owner we’re working with will receive his rent money via ACH every month, and he’ll be very happy. We always hope that our owners are so happy, they’re anxious to buy more houses and rent them out with us.
Our client got a great deal on this house, and we’re making it pretty. If you have any questions about investing in real estate for beginners or anything pertaining to Fort Worth property management, please don’t hesitate to contact us at McCaw Property Management.