Entrepreneur of the Week Post # 6 # Entrepreneur Week 13 Steps to Find Property for Rent in the United States, No & Hellip;

Initiated this week post number 6<a href="http://bit.ly/2Px69DdWeek##initiatedweek13stepstofindapropertyforrentintheUnitedStates,withoutleavinghome.Prerequisites:1)Findthetargetareawhereyouwillbelookingforproperties.ThereareattractiveareasintheUnitedStatesfordifferenttypesofdeals:Florida,Georgia,Oklahoma,Cleveland,BaltimoreandofcourseTexas,andprobablyotherareasIhavenotmentioned.Thereisnosuchthingastherightarea,justdecideontheareathatmostlookstoyou,andfocusonit.2)Youcanfindwholesalerswhoselldealsbelowthemarketprice,oryoucanfindalawyerwhowillgotothecityonceamonthandbuyyouforeclosedproperties…Therearecountlesswaystowork,andthisItdependsmainlyonhowmuchyouwanttobeactiveinthegame.WhetheryouwanttoflyherefromIsraeleveryfewmonths,oryouwillfindsomeonetoworkandfindassetsforyou,decideonthewayofwork,andcomeon:)Yougotapropertyfromoneofthesources,whatnow?3)Whenwearelookingforrentalhomesforalongtermaskedthefollowinginitialquestions:sizeofthearea?Homesize?howmanyrooms?Howmanyservices?Yearofconstruction?Andprice?4)Wewillexaminetherentalhorizonandtrytounderstandthefullpotentialoftheplace.Thereareareaswithhugedemandforapartmentswith1room,soitpaystosplitassetstoincreasethereturn.Thereareareaswherethedemandforlargehouseswithmanyroomsismuchlarger,andthefragmentationofthepropertycansignificantlydamagethevalue.5)Highreturnonrentcanindicateahighcrimerate,sothenexttestwillbeanup-to-dateexaminationofallthecrimedatathatoccurredintheareaof%E2%80%8B%E2%80%8Bthepropertyduringthepastmonths.Wewanttoavoidareaswithmanysmallcrimes,orareaswithviolentcrime.6)Wewillascertainthelevelofschoolsintheregion:primary,intermediateandhighschool.Inthe1to10bar.We’llusuallylookforplaceswith+averages.Butitdefinitelyaffectsthedecisionwithyouhaveasinglewith4rooms,sincethenprobablyhewillbeatenanttothefamily,andTriplexwiththreeroomapartments,whichwillprobablyberentedtoindividualsorcouples,sothelevelofschoolslessconcretefortherental.7)Wewillexaminetheextentoftherisksposedtousbytheelements.Andmakesuretheyareminimal.8)Wewillgetasnapshotofthedemographicsituation:whichpopulationsarelivinginthearea?Whatages?Andwhatistheaverageincome?9)We’lllookatmoreadvanceddata-Whatisthevalueoftheaveragehomecomparedtotheaverageincome?Whatistheanimallevelfrom1to100?Whatistheunemploymentsituation?Whatpercentageofassetsareleasedinthearea?Doesthemunicipalitymakeitrelativelyeasytoobtainbuildingpermits?Whatisthecostofconstructionintheareawherewebuild?Whatindustriesdoyouhaveinthearea?Andawholehostofquestionstobeaddedtoeachandthemethodhedevelops10)Wewillincludeallthedataweexaminedinamethodicalandsimpleprocess,theExceltablethatwepreparedinadvance,andwewillseehowthedeallooksforus.11)We’llsendourfieldman,orwe’llgettothefieldbyourselves.Aroundintheneighborhoodandthesurroundingstreetswillhelptounderstandthenatureofthearea.Wemustverifythattherentalprices,thevalueofthehouse,andthepotentialoftheneighborhoodcorrespondtothestandardoflivingontheground.12)Wewilldoathoroughreviewofthehouse,andwewillmakeapreliminaryplanofhowtochangetheproperty,howtorenovatetheproperty,whattoaddtotheproperty.Andhowmuchitshouldcostus.13)Womenbidontheproperty,andhopeitwillcatch:)MerryChristmas!
Whenthishappens,it’susuallybecausetheowneronlyshareditwithasmallgroupofpeople,changedwhocanseeitorit’sbeendeleted.Link to the original post on the US Real Estate Forum on Facebook – working on a desktop computer (to view the post you must be a forum moderator) The original responses to a post can be read at the bottom of the current post page on the site or on the link to a post on Facebook and of course you are welcome to join the discussion

• Thanks!