5. SELECT PROPERTY LOCATIONS WISELY
help you make informed decisions about issues that could impact the value of the property. 7. PARTNER UP Becoming partners with other investors is another financing strategy for maximizing real estate profits. Investors can access more significant deals and spread the risk by pooling resources and sharing the financial burden. Joint ventures or limited partnerships offer the opportunity to leverage diverse skill sets and increase the likelihood of success. Just be sure to establish clear agreements and expectations to ensure a mutually beneficial partnership before you sign on that dotted line. 8. NEGOTIATE LIKE A BOSS Effective negotiation techniques can make a significant difference in maximizing real estate profits. Whether you’re buying or selling properties, honing your negotiation skills can
trends can offer attractive returns and cater to a niche market. Investors should also monitor local government initiatives and incentives that can spur real estate development. Infrastructure projects, tax breaks, or urban revitalization programs can create opportunities for real estate investors. Stay informed about potential opportunities by connecting with local authorities and industry associations. Although a high-interest-rate economy may pose challenges, the strategies here can help you maximize your real estate profits.
In a high-interest-rate economy, selecting suitable properties for investment is crucial for maximizing profits. One key consideration is to focus on practical properties that offer strong potential for appreciation in a challenging financial environment. Consider proximity to transportation, schools, shopping centers, and recreational areas. By investing in properties that offer value and meet the target market’s needs, you can position yourself for long-term success. Look for areas with promising economic growth, infrastructure development, and increasing housing demand. Properties with unique features or high-demand amenities can also attract more tenants and command higher selling prices or rental rates.
JOHN V. SANTILLI
6. HIRE HELP FOR DUE DILIGENCE
It is essential to conduct thorough due diligence before making a real estate investment. Consider electing an experienced, licensed contractor with the expertise to efficiently manage the rehab of your property. Because your contractor will play a significant role in your real estate investment, take the time to research previous clients and reviews before choosing one. It is also helpful to work with a professional home inspector who knows about building codes and construction norms as well as any special considerations in the local area. This is particularly important for the out-of-town investor. Evaluate the property’s condition, potential renovation costs, and any legal or zoning restrictions impacting its profitability. A skilled real estate attorney can also provide valuable insights and
help you secure favorable terms and achieve your financial goals.
John V. Santilli is the chief revenue officer for RFG. He joined the company in July 2019 and is responsible for all opportunities connected to RFG, including expanding the company’s sales channels to maintain its position as a leader in rehab financing. Before joining RFG, Santilli had 25 years of lending and marketing executive leadership experience across multiple private and public marketing- dependent companies. He managed companies from startup to maturity, ranging from $2.5 million to more than $50 million in annual revenue. Santilli earned a master’s degree in management from the University of Pennsylvania and a bachelor’s degree in business administration with a concentration in marketing from Drexel University.
9. WATCH MARKET TRENDS AND OPPORTUNITIES Although a high-interest-rate economy may present challenges, it also creates opportunities for savvy real estate investors. By staying informed about market trends and emerging opportunities, you can position yourself for success. One trend to watch in a high-interest- rate economy is the rise of alternative housing options. As traditional homeownership becomes more challenging for some individuals, there is a growing demand for affordable housing solutions such as co-living spaces, micro-apartments, or tiny homes. Investing in these emerging
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