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Updated over 8 years ago, 07/06/2016
Is there a company that handles Real Estate Investing for others?
I am sure there is a company that will invest your money for you in Real Estate right? Let me tell you what I was thinking and see if someone might have some advise for me?
I have a couple of condos paid off and then one with owner financing with about 9.5 years and $28k left on the mortgage. I own 1.45 acres vacant land free and clear behind WHCS in Winter Haven, FL. Well, all the properties are in W.H. Later this month I will close with cash on a 3-2 concrete block house that needs some rehabbing. It needs about $30k to $40k to rehab it.
Due to the time left before closing, 7/15/16, I will probably just pay cash for the house and try to finance the rehab or do the rehabbing in projects. This house has a rental unit out back as well, so the property should cash flow well. I could rent them both out now, but they could use some updating and I would like to do it while they are empty.
But my question would be this. Is there a company or companies out there that handles Real Estate Investing for you? That can say, refi your properties and make investments on your behalf? I am sure there is, but I don't know anything about them or where to find them? I am sure there is a nice fee or percentage to do it. Has anyone heard or dealt with a company like this?
If someone has some advise on this? I would appreciate it. I am sure there are far smarter people than me that can put my properties to work for me in a better way or help me upgrade or buy more and bring in more money. I would certainly listen to what someone in this field had to say and see if it is what I am after.
Thank you in advance for any input you may have on this subject. Have a great day!!!