Working With Reel Property Solutions, LLC
Somehow you have found yourself either contacting or being contacted by Reel Property Solutions, LLC. What makes Reel Property Solutions, LLC stand apart from the other real estate investors? An imperative point: know that our education stems from Fortune Builders which is a leading company that teaches, trains, mentors, and provides endless support to their life-long students in real estate investing. Visit Fortune Builders for more information about how their proven system has worked for Reel Property Solutions, LLC!
In addition, we want to reassure anyone that we respect your privacy, your possessions, and your property that is potentially to be sold. There will be questions asked that you may not expect along with us taking many pictures. Please know this is all so we can determine the best offer and renovation costs.
Most times, the initial contact with the seller is via a phone inte
rview. During this time, we will ask about the features of the property: style, number of beds/baths, and many other questions regarding what we should expect to see. Some questions have caught the seller off guard, so please continue to keep in mind some pieces of information are vital for us to know what we are working with. For example, one homeowner stated they owed $85,000 on the mortgage. Due to the cost of repairs and After Repair Value (ARV), we would not have been able to make an offer close enough for that homeowner to pay off the mortgage. Therefore, the homeowner decided to continue at their residence, fix the major repairs, then rent the property. Let’s say this property was paid off free and clear, meaning the homeowner did not have a mortgage. Then the potential offer may have been more pleasing and a win-win situation may have occurred.
Richard Stevens from newsilver.com reached out with great insight to this link: https://newsilver.com/free-online-arv-calculator/
After the initial interview, Reel Property Solutions, LLC will do some preliminary homework. For example, we may drive around the subject neighborhood to determine the value of your property in comparison to the neighborhood standard. Since property tax information is public record, we will find that information. This will help us configure costs and determine the best exit strategy.
When we come for the tour, expect that we will take LOTS of pictures. If you have valuable items, let us know so it is not in the pictures or simply put in a safe place. We will continue to ask more questions. At the end, we will give a timeline of what to expect next. Sometimes it is necessary that we share your pictures and information, but always know your personal information will never be shared!
Real Estate Investing is a team “sport”. Reel Property Solutions, LLC simply cannot do everything, which is why we rely on others. We will be in contact with many other professionals: financing, general contractors, time line for obtaining permits as needed, and anything else specific to the subject property. Sometimes we may make an offer on the spot! Whatever the case, we will always be in communication about the next steps.
Once again, be reassured that any transaction must be a win-win! The seller has the right to accept, counteroffer or deny any offer by Reel Property Solutions, LLC.
There have been times when Reel Property Solutions, LLC was not able to make the purchase. We may have done one of the following:
- Reached out to another Real Estate Investor to Wholesale the property
- Recommendations to the seller of what to do. For example, list with a Real Estate Agent/Realtor/Real Estate Broker
- Rent to Own/Subject To/Owner Financing Options
- Other thoughts for the specific situation
When Reel Property Solutions, LLC does purchase, those next steps will be discussed. We will review those specifics with the homeowner at that time.
Whatever your situation, Reel Property Solutions, LLC is here to assist YOU! Contact info@reelpropertysolutionsllc.com or 507-218-8788.