What can NorthPoint do for me?
NorthPoint’s research shows that although most homeowners have realized a great increase in their home values, very few have incorporated real estate investing as part of their long-term investment plan. NorthPoint will help you develop a strategic real estate investing plan that matches your personal needs.
Many homeowners are interested in investing in real estate but have resisted because of some of the following reasons:
· Real estate can be very expensive, and it is difficult to buy a property that will provide a positive cash flow.
· Investments out-of-state are lower in price, but they require time, contacts, and local area knowledge to find.
· It’s difficult to find tenants and to manage and maintain property out-of-state.
· They have equity but aren’t really sure how and where to invest it.
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At NorthPoint, we assist you with the real estate investment process from concept to close, and teach you what you need to know about making intelligent real estate investments.
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Our first step is to explain what we buy, why we buy it, where we buy it, and how we manage it. Once you understand what NorthPoint has to offer, we’ll conduct a comprehensive interview to better assess your financial situation.
The following points are to be considered:
• Current Equity and Investable Funds
• Family Plans
• Retirement Goals
• Savings vs. Investment
• Positive Cash Flow vs. Appreciation
• Risk Tolerance
• Debt
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NorthPoint will work with you to develop a strategic real estate investment plan that meets your objectives, to buy the right property in the right market, to design a financial strategy to optimize cash flow, and to lease, maintain and manage your property.
How do I know where to buy?
Our expert team of realtors and market advisors’ primary objective is to help you find an affordable, yet high-quality home in a high-quality neighborhood. We buy properties in markets where the projected long-term fundamentals support long-term appreciation.
Tour the Market
After your loan has been pre-approved, you will travel to the market that we have helped select as the best investment location. NorthPoint Client Services Group will help you choose a tour date, recommend hotel accommodations, and arrange for transportation on the day of your tour.
While on tour, you are hosted by our real estate partner, as well as a NorthPoint investment strategist to help you make real-time investment evaluations.
We typically tour 10 to 20 properties a day and, together, assess the neighborhood, the home, and the surrounding environment (i.e. proximity to schools, parks, shopping, freeways, and power lines). Once a potential property is identified, we run real-time property comparisons, real-time rental comparisons, and a real-time cash flow analysis using wireless technology that allows us to execute our offers much faster than our competition. This also provides you with a clear projection as to how your investment will perform in terms of cash flow in order to help with your purchase decision.
After carefully analyzing all of these factors and comparing purchase prices and rents, we then present these markets and/or properties to you for your review.
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How can I finance and manage a property?
NorthPoint will help you design a financing strategy that will maximize your cash flow and make sure you get the best return on your investment. NorthPoint is a mortgage bank and brokerage firm licensed in over 15 states and is a national leader in offering the most unique mortgage products for investment real estate.
Managing an out-of-state financing transaction or simultaneously financing in multiple states can be complicated. Additionally, qualifying for one or more investment properties requires expertise in multiple areas. Our team of partners includes realtors, lenders, title companies, appraisers, and insurance providers who operate in the multiple states where we do business. Our team has the products, relationships, and expertise required to help you execute your very important investment transactions.
Our financial experts will design a strategy that accompanies your personal financial goals and long-term investment plans. We will look at cash flow, the required down payment, and closing costs to examine which loan is best for you.
Manage your property
Managing a rental property can be stressful, time consuming, and challenging. Managing a property out of state is even more complicated. NorthPoint Real Estate Investment Services and our property management team will answer any questions you may have.
· How do I find a tenant?
· How much should I charge for rent?
· What are my rights? What are the tenant’s rights?
· What happens if they don’t pay rent on time?
· What happens if the water heater breaks?
· What should I do if the rent check bounces?
These property management professionals are located in the local area of the investment property and help take the headache out of managing your property. They understand the market and provide you with the necessary assurance that your property is being managed responsibly, so that your time can be spent on other more productive pursuits.
During the process of purchasing your investment property, our partners will walk you through the post-closing process and will work with you to define the rental strategy. Upon completion of the strategy phase they will market, lease, and maintain your property for as long as you own it.
Additionally, NorthPoint's Client Services Group helps you work through any questions or issues related to property management before, during, and after you rent your property. We will continue to support you with your long-term investment strategy.
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Phoenix, AZ |
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Albuquerque, NM |
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Portland, OR |
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Raleigh, NC |
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