Every investor is looking to achieve the highest rate of return by investing in money making assets. Stronghold Realty is establishing and maintaining a financially profitable and duplicatable real estate business engaging in the acquisition of distressed properties, renovating said properties to marketable levels and selling said properties at maximal profits in a minimal time frame. Our track record for over 7 years, as highlighted below, proves our mission goals have been successful. Now you can also benefit from our experience by investing in these properties through our investor's fund which pools capital and distributes profits according to percentage of ownership.
The acquisition of properties happens through a number of sources. Traditional multiple listing services will have some opportunities as well as government sources like HUD and FNMA. Some of the best profits have been gained through personal referrals from relationships that we have developed over the years. The use of online auctions has become one of the best sources for properties and have grown tremendously recently. Lastly, and potentially highly profitable, are the foreclosure auctions that happen at each county's courthouse steps every month. We utilize all avenues for the acquisition of properties is usually the most challenging part of the investing process.
Renovating distressed properties, although glamorized on TV, is highlighted throughout our website. Every home has its' own unique characteristics and its' own set of challenges and we've been through some dozzies for sure. We've streamlined the process and produce a high quality product that is easily marketable for a fast sale and profit.
One of the advantages of Stronghold Realty is that we combine real estate sales along with the renovation process, making our exit strategies stronger than most. It allows us to know what has been done to the property and sell it by highlighting special features that others might miss. On several occasions we've had buyers visit the house while we were working on it and some eventually purchased the house. Concerns on inspection reports are easily communicated and resolved quickly...ask a typical real estate agent to replace a noisy garbage disposal and see what they say.
Our experiences have produced some average costs that we take into account when speculating a deal. Of course every project is different and numbers vary but typical costs will look similar to these.
Purchase:2-4% of contract price -Contract or winning bid price -Acquisition cost (above purchase price) -Holding cost (Insurance, utilities, HOA fees, etc.)
Renovations: $15,000 - $25,000 -Materials and labor -Average time frame: 3-6 weeks
Sale of Property: 8-10% of sales price -Closing cost (often buyer request) -Agent commissions
Market conditions change, as we all know, and Stronghold Realty has been through seller markets and buyer's markets. Should you be looking to invest in today's real estate market we would love to show you more of our past experiences and discuss where we, together, will succeed in making maximum profits in minimal time.