Selling a property takes time, knowledge of neighborhood trends, and negotiating skills. Gustavo tasks are to help set the right price and then get buyers in the door. We have access to the most up-to-date information about recent sales of comparables and competing listings in your neighborhood. Gustavo will prepare a Comparative Market Analysis of comparables detailing the original listing price, how much the property actually sold for, and how long it was on the market. The market is shifting every day. It’s my job to keep abreast of those changes.

You don’t get a second chance to make a first impression. When a buyer sees your house for the first time, a critical first impression is made. It is important to maximize curb appeal, make necessary repairs, de-clutter the property, and finish up with fresh coats of neutral color paint on interior walls.

Market aggressively. That means recommending staging techniques to make the place look great, maximizing the listing with professional-quality photographs, and showings to prospective buyers. Most important, we will vet potential buyers so that you can deal only with serious prospects.

Once we have found a buyer, Gustavo will negotiate counter-offers, track the paperwork, and assist through the most nerve-racking part of the process.

UNLOCKING YOUR HOME EQUITY FOR INVESTMENTS

Choices to Pay for an Investment

1) Pay cash for the new investment property.
PROS: The ultimate in convenience and fun.
CONS: Ties up a lot of cash, and I don’t even have enough cash to do it right now.

2) Get a conventional mortgage to buy the new place.
PROS: fairly simple
CONS: slows down the home-buying process, locks you out of the best fixer-upper deals, since they are typically in a condition that will not qualify for a mortgage, and increases your costs since you need to pay lender and appraiser fees.

3) Use my existing home equity line  of credit.
PROS: Same convenience as cash, since you’re just writing a check. But keeps cash free for other investments. Ultra-low 3.25% interest rate.
CONS: Interest is not tax-deductible as noted above. Decreases or eliminates my cash cushion, which is a safety margin I’d like to keep. Line of credit is not currently large enough to buy a typical investment house around here, although I could expand it, for a fee. Would need to pay back balance in full if I decide to move.

4) Get a line of credit on the existing rental house, and use it to buy a second house in “cash”.
PROS: Same convenience as cash, tax-deductible, keeps all other funds available for use. Automatically gets paid back if I ever sell the existing rental house.
CONS:  Slightly higher interest rate due to it not being a primary residence. May need to pay fees to set up this line of credit.

Congratulations to you if you are serious about growing your real estate portfolio.  Note: Pros and cons may be vary depending on your situation.  Gustavo is determined to help you accomplish your real estate goals and provide knowledge throughout the entire process. Please, pay it forward with your friends and family.  Real Estate is the most common way to acquire wealth without having to over work yourself and sacrifice time with family and friends. Gustavo wants to show you know how.  Call 562-900-2371 for a free consultation, let’s talk! 

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