Updated over 5 years ago on . Most recent reply
Property management entity question;Newbie
Hi BP! I just got off the phone with a management company/broker company from Homestead, FL; they are called; Income Reality. They explained to me how their team has bought thousands of properties in my area and they are highly experienced with finding deals for investors to receive great returns. They do everything; rehabs, investments, etc. My original plan was never to work with a broker investor but this guy really knows his market. Before speaking to them I was considering just finding my own deals and learning as I go. I read great reviews on these people online as well so I am tempted to work alongside them...But before I even consider it I would like someone else's input on this? I understand that brokers make a commission off my investment so I am entering a whole new ballgame, or maybe I'm not. I would appreciate any words of wisdom from someone who has invested with brokers before? Thank you in advance.
Most Popular Reply
@Evelyn Castillo, before you make your final decision to jump on board with them, it's best to have a sitdown with them, face-to-face (when it's permitted again). Get to look at the actual projects they have sold, rehabbed, and managed.
Ask for investor references as well. If there is even the slightest hesitation on providing that, you have your definitive answer.
Best of luck. Please let us know how you make out.