If you’re just getting started in real estate investing, chances are you may struggle when it comes to finding the ideal property. Many new investors are unsure of what to look for in an investment property, so in today’s article from Florida real estate investor Jeffrey Love, of JBH Properties Investments & Consulting LLC, we’ll explore what to consider and what to look for as you view potential investment properties.
What to Look for in an Investment Property
Looking at an investment property is very different from looking at a property that you’re considering for your next home. You can’t consider your emotions or your personal tastes and preferences. You must view it as a business transaction, which can be challenging because many new investors just don’t have experience in this area and mistakes in this area can be super costly.
You need to make some careful considerations as you view the real estate, so keep these tips in mind as you view potential investment properties:
• How much will it cost to renovate, rehab the repair the property? The cost of repairing, upgrading or rehabbing the property will have a huge impact on how much it costs to get the property into the right condition for a maximum profit. Don’t ever attempt to guesstimate when it comes to repair and rehabbing costs. Always get an expert opinion.
• Look at the potential for profit. It can be challenging to accurately determine the cost of repairs and other factors that impact profit margin. So take the time to evaluate the property, looking at the current market value, the cost of upgrades and other influencers that will impact your bottom line.
• Look at the overall appeal and salability. How easy will it be to sell or rent the property? Some properties are rather challenging to move, while others sell or rent in very short order. So in order to ensure that you don’t tie up your investment capital for longer than expected, make a concerted effort to be realistic about how difficult it will be to find a renter or buyer for the property.
Contact Jeffrey Love of JBH Properties Investments & Consulting LLC to Get Started in Real Estate Investing
If you are seeking to sell a distressed property, simply click here to complete this form. Company founder Jeffrey Love is also open to new partnerships with fellow investors who are seeking to pursue a joint venture.
If you wish to learn more about one of these properties, contact JBH Properties Investments & Consulting LLC by stopping by our contact page or by calling 800.920.6214.
About Jeffrey Love and JBH Properties Investments & Consulting LLC
The founder of JBH Properties Investments & Consulting LLC, Jeffrey Love is a real estate investment specialist, dealing in short sales, fix and flips and wholesaling opportunities.
Jeffrey Love came into the real estate investing field largely by chance. “I started from the bottom up,” he explained. He went to school to become a loan officer and mortgage broker. He worked in the financial area of the real estate industry for about two years, in 2006 and 2007.
But this wasn’t Jeffrey’s only venture. “I established a landscaping company from nothing and built it up to the point where I had two full-time employees and four part-time employees. At that point, I still had a full-time job in finance and I managed the landscaping at nights and on weekends,” Jeffrey explained.
He continued, “I started out with residential clients and then moved into some small commercial clients and it was around this time I encountered an investor who was buying houses, performing fix and flips. This spurred my interest in real estate investing.”
A family member was also involved in the real estate industry, with numerous property holdings, totaling about 300 units. “He was doing well in real estate too, so it really piqued my interest further,” Jeffrey explained.
So he finally took the plunge, working with a partner to acquire a rental property in Southport, Florida. They planned to fix up the property and maintain it as rental holding. But just when things were starting to get underway, the unthinkable occurred: “I gave my partner full access to the account. He cleaned it out and ran off with the money.”
But this negative experience didn’t deter Jeffrey from moving ahead in the industry. He continued working his day job in the mortgage and lending industry.
In 2007, Jeffrey attended school to become a real estate agent and it was around this time that he encountered another real estate investor who served as a mentor of sorts, helping him to get involved with wholesaling real estate. He also attended numerous training courses to learn more about the laws, techniques and strategies surrounding the real estate investing industry.
Jeffrey has been dealing in wholesaling since 2008, handling various real estate wholesaling transactions on a part-time basis.
“It was February 2015 when I got real serious about investing and wholesaling. In the period from September 2015 to December 2015, I started making some serious money and making good contacts. I earned about $30,000 in wholesaling during that period,” he explained.
Jeffrey Love is now involved in fix and flips, wholesaling and short sales, both for residential properties and commercial properties.
He deals primarily with properties in Bradenton, Sarasota, Manatee County and Hillsborough County, Florida.
Jeffrey is open to purchasing distressed properties directly from property owners. He’s also open to new partnerships with fellow investors who are seeking to pursue a joint venture.
If you would like to sell a property or wish to propose an investing partnership opportunity, contact Jeffrey Love by calling 941.518.9597 or stop by the contact form.
About the Company
JBH Properties Investments & Consulting LLC specializes in real estate investment opportunities, including residential real estate and commercial properties.
Contact JBH Properties Investments & Consulting LLC and founder Jeffrey Love by calling 941.518.9597.