We are another source of inventory to your deal flow. A good quality investor will use several sources to acquire properties. Working with Proptio will automatically increase the amount of properties that you can evaluate in the market at any time.
Unlike most brokerage firms there are no membership dues or upfront fees in order to work with Proptio. There are, however, closing costs and fees associated when you purchase one of our properties just like in any real estate transaction. These costs vary based on the property itself and which local market you’re investing in. We have associates on hand.
That can determine the cost details in your specified market during our onboarding meeting.
It will depend on which market you are targeting. Although our primary source of business are
Multi-family investment properties, we do acquire mixed use and single family homes as well.
Yes, we work with local real estate agents on multiple different levels. Once we determine the best plan of action, we often become the agent’s greatest aid and best interrelation to the market. We also have the ability to offer our clients off-market investment deals that otherwise they would not have access to.
We work with every type of investor from experienced, institutional investor/buyers to investors tackling their very first project.
Yes, all of our Real Estate business transactions will be processed through a title company. They will research and ensure that the title is free and clear. All investors are advised to purchase a title policy with every transaction.
Following your initial virtual or in-person meeting with us you will have direct access to our extensive inventory of properties. Our associates will be available to explain in detail the deal structure of each property.
There are many reasons why we require an initial on-board meeting. Firstly, we need to know what type of property and market you are interested in. By understanding what your goals and investment strategies are, we can then filter our list to best suit your plan. In addition, we want to make sure the services we offer cater to your needs and requirements. Ultimately, we want to make certain there will be a smooth transaction when the time comes for you to purchase a property. This means fully understanding the contracts and having the finances sourced prior to putting the property under contract. We recognize that this is a large and significant purchase for any investor, which is why we want to ensure you fully understand and feel comfortable throughout the process.
It all depends on the property, yes. You are able to use a hard money loan to purchase our properties.
Proptio does not provide any type of financing at the moment, we can however advise you to lenders within our network who specialize in financing investment real estate properties.
Many different factors determine how much cash you will need to buy a house including the lender and the extent of work the distressed property needs. Investors need a down payment to purchase the property, enough capital for repairs, and money left in reserve for carrying costs like warehouse storage fees, taxes, insurance, employee costs, and opportunity cost.
Remember, regardless of due diligence, all investments come with innate risk that cannot be fully identified. Even with considerable experience, we do not recommend any investor to commit the majority of their financial resources to an investment project and expect guaranteed results.
No, you do not need a licensed agent to purchase a property through us. Any of our trained and licensed agents will assist you throughout the process. None the less you are free to employ a real estate agent to represent you at your own cost if you choose.