An Unusual Investment Opportunity That Has Tremendous Near & Long Term Potential!

Properties, Probe & Renovation (PPR) is excited to announce the creation and availability of the first in a real estate investment opportunity, real estate investments, investment opportunityseries of real estate investment offerings. 

The first, Stage 1, provides the investor an opportunity to participate as a Member of the Parent Company. Investors will participate in an uncommon and diligently crafted investment with the goal of providing investors:

  • Substantial Ongoing Income
  • Sizable Capital Appreciation
  • Tax Incentives
The investment criteria and strategy will be targeting smaller historic towns and older mixed-use buildings that will be revitalized to include: retail tenants – possibly a tavern and small town investments, historic building investmentspatio and additional boutique shops on the 1st Floor with upscale apartments on the Upper Levels. Site selections will be all about Location-Location-Location! 

Each building selected will stand on its own and be offered to Stage 2, 3, etc. investors. Stage 1 Investors will have an interest in each of these buildings with no additional required investment.

Units for Stage 1 are available starting at $6000.

Want more information? We’ll send you a One Page Summary, a Two Page Introduction and/or a Simplified Business Plan! Just text or email me your request and/or questions. Phil – 216.577.5579 or phil@contactppr.com

Take a look at this one page description of PPR’s Opportunity – 

ppr investment summary, real estate investment, real estate opportunity, diversified investments,

House Flipping Markets – Risks & Rewards – A Suggested Alternative!

Defining Real Estate (House) Flipping – According to the BusinessDictionary, “Quick-profit strategy in which an investor flipping, house flipping, home flipping, real estate investmentspurchases real estate at a discount price and improves the property in order to sell it at a higher price. This can be a very lucrative profit strategy if the housing market is doing well.”

Caution Flags – It may be time to find safe ground when an investment market starts producing infomercials, reality shows, “How To” get rich books, “Free” hotel seminars, etc. Inevitably, these are the signs that more losers than winners are ahead!

Overview of the Flipping Market – As the house flipping market has become crowded with buyers – many of whom have no real estate experience – seeking quick returns on lower price properties that need renovations, the inventory of qualified properties has diminished and the risks have increased

Adding to the dangers facing the current Flipping Market is the intense “Get Rich Quick” media promotions and the less restrictive willingness of lending institutions to assist potential Flippers in leveraging their investment. These factors tend to flood the market with unqualified investors who dilute the market!

Complicating the market further, the required skilled construction trades are experiencing an extended period of high demand. The trades are able to demand and receive increased wages and are building backlogs. While this situation is great for the trades, it adds additional renovation costs to the flip and potentially delays house renovation completions. For the Flipper vetting and monitoring the trades for quality, time and costs has become a primary concern.

The Upside to Flipping – Let’s start by saying that some people have flipping, house flipping, home flipping, been wildly successful flipping homes. The media hype focuses on the successes! Note – Unfortunately, there have been many untold losers – especially among those with little experience in the real estate and renovation markets. Flipping is not a marketplace for the meek and inexperienced, people without a financial cushion, or those betting their hard earned savings!

The Downside to Flipping — Losing Money Instead of Making areal estate investment risk, flipping house, flipping homes, flipping Profit! According to The Balance – a literary home to experts who know what they’re talking about there are many factors which can contribute to losses when flipping”. The following is a summary from The Balance:

  • Unanticipated Expenses – These include everything from building permits, contractor delays, material delays, permit delays, and renovations and materials you had not budgeted for…
  • Higher Taxes – Once you have completed renovations on the property, the city may increase your property taxes…
  • Losing Your Profit to Taxes – Any profit that you make on an investment property may be subject to capital gains taxes…
  • Holding Costs – You will have to pay the loan or mortgage (assuming you have a mortgage on the property), taxes, insurance and maintenance on the property for as long as you own it…
  • Difficulty Selling – You are losing money every day you are unable to find a buyer for your property. Because you must pay the holding costs on the property, the longer it takes to find a buyer, the more money you are losing…
  • Stress – Stress is also a main drawback of a real estate flip…

Alternative Strategy – We at Properties, Probe and Renovation (PPR) offer the following alternative to help you gain a substantial ROI while Best Utilizing Your Time and Money!

Focus on renovating/converting high-end, luxury homes or condos that need upgrades and TLC! This market can provide the investor with tremendous financial upside as long as they partner with the best Professionals.

flipping, house flipping, home flippingPartner with Professionals – Here’s where PPR suggests you start Partnering:

1) Buyer-Side Broker/Agents or Site Location Specialists – You’ll need help sorting through a vast number of locations and properties to find the one that meets your specifications. Vetting the Properties is Essential – Location – Location – Location!

2) Banking/ Financing Partner – Whether your planning on an all cash venture or on leveraging the project for a high potential ROI, it’s just good business and planning to have additional financing available in case of set backs and surprises.

3) Home/Property Forensic Inspection Professionals – It is essential to have each and every house/property thoroughly inspected prior to making an offer or buying. Expect the Expose the Unexpected! What you don’t know will hurt you!

4) Architects and Engineers – The design and functionality of the renovations must target a “Special Breed” of potential buyers who have deep pockets and specific needs. While older homes may have the desired square footage, the configuration and amenities may need substantial improvements. The professionals will assist you in targeting your market and creating a budget!

5) Trusted Renovation Project Manager (PM) – The PM will be your eyes and ears from the inception of the renovation to the completion! Your Project WatchDog! A primary focus of the PM is to work closely with the Architects and Engineers and you to take the project’s renovations from paper to bricks and mortar on time and in budget while at the same time vetting, scheduling and monitoring the required contractors and trades. The PM must carefully balance and monitor: Quality, Time, Costs and Your Interests!

6) Seller-Side Broker/Agent – It is essential to create relationships with Broker/Agents who are in tune with the potential pool of High-End Buyers  for homes in your property’s area. They should have previously created corporate relationships for relocation and meeting the needs of the quiet house hunting executives and their families. Listing the house and having open houses is not enough!

The High-End Market – Many savvy real estate investors have been engaged in the high-end/luxury real estate investing market for flipping, high-end flipping, luxury flipping, house flipping, home flippingdecades! In many ways this investment strategy has been the a best kept secret. The vast majority of real estate investors flipping smaller, lower cost homes are generally unaware of this market. They do not understand how to gain access to the market, are not familiar with the tastes of the higher income buyers and are uncomfortable dealing with the sellers and buyers of the higher priced properties.

Where to Look for Properties? – If you Google luxury or high-end house flipping, generally you’ll be directed to boom markets and resort areas with properties starting at a million dollars or more – NYC, Boston, Palm Beach, Palm Springs, Las Vegas, San Francisco, LA, etc.

Instead, take a look at desirable suburban – or even urban – areas outside of the high profile, main stream! Some of the best finds can be in the price range of $300,000 – $500,000 and in your own back yard. Many of these areas have a strong industrial/business base and established older residential communities with homes that require substantial upgrades due to passing of generations, people retiring, etc.

Unlike the standard lower-end Flips, these high-end, larger homes – and their potential buyers demand amenities like: 1st Floor Master Suites; Custom Bathrooms; Designer Kitchens; Patio Kitchens; Expanded Custom Closets, In law Suites; etc. and they are willing to pay for them!

The High-End Advantage – Here’s an overview provided by CNBC, “High-end flipping, however, is heating up. Flips with a sale price of $750,000 or more rose 21 percent from a year ago, while homes priced below $400,000 declined as a share of all flips from a year ago, according to RealtyTrac. Homes priced between $750,000 and $1 million had a 41 percent return, which explains why flippers are heading to higher-priced neighborhoods.”

In Closing – What’s Next? – When investing in the Flipping Marketplace, High-End or Lower Cost Properties, consider the following:

  1. Do your homework 1st before jumping in and committing dollars!
  2. Determine if you and your family have the time available for the commitment required.
  3. Think through – and write down – exactly the type(s) of properties that will be your focus.
  4. Determine your comfort with risk, how much do you intend to invest, and what funds will be available in case of set backs and delays.
  5. Prepare an accounting system for dealing with expenses.
  6. Prepare any legal documents that may be needed.
  7. Determine the parties with whom you will need to Partner (as listed above) – Brokers/Agents, Architects, Engineers, Project Manager, General Contractor, Trades, Bankers, etc. to take the project from inception to completion.
  8. Develop contingent plans for the unexpected – The unexpected will happen!

How Can PPR Help? – Whether your thinking about entering the House Flipping Marketplace – or already established – Properties, Probe &Renovation(PPR) and its 6 Critical Services: 1) Sight Location 2) Forensic Home Inspections 3) Onsight RenovationProject Management 4) Decluttering & Organization and 5) HomeWatch Visitation. These services offer time and cost saving opportunities worth your Projects and Profits.

 At PPR are good listeners! Tell us about your Project!! Call or

home renovation, renovation wartchdog, project managerText Phil – 216.577.5579

Find out more about Properties, Probe & Renovation (PPR) and How We Can Be Your WatchDog!   

Contact Phil Eide . Email: phil@contactppr.com

 


Are You Flying Blind When Making Real Estate Decisions? Floor Plans Make a Difference!

What? No Floor Plans for Residential Real Estate! Here’s an Argument for Bringing Back Floor Plans When Renovating, Remodeling, Selling or Buying a House!

Background – Having gotten my start in commercial and industrial floor plans, home layouts, home design plansreal estate – with several stints doing site location work – I was appalled to discover that the residential marketplace seldom makes available a property’s Floor Plan.

In the world of commercial and industrial properties, we based our reviews and planning on the pictures we took – or were provided – and the Floor Plans almost always made available through Owner or Broker.

My entry into the residential real estate market came in stages: 1st – Searching for my own house, 2nd  – Helping others with renovations for their homes and 3rd – Having co-created Properties, Probe & Renovation(PPR) doing Site Location, Property Inspections, and Project Managing Renovations. At each of these stages, people were confounded when I requested the Floor Plan. I made the floor plan a demand or created one myself. 

Others Agree on the Value of Floor Plans – Here is what MOV 8 Real Estate had to say, “When marketing a property, you might think that the most important aspects in presenting the property would be top-quality photographs and a beautifully-written description. However, recent research suggests that floorplans are also at the top of the list for buyers. So why, if you are selling, is floor plan. house layout, home design plangetting a floorplan an absolute must?” Their opinion goes on to definitively state, “The potential to increase interest and encourage viewings and sales means that, in our opinion, floorplans are a must when you are putting your property on the market.”

Are Floor Plans Worth Their Time and Cost? – According to Infolio – a property advisor and manager – here is what a floor plan will deliver (with some of PPR’s additions):

1. They give perspective – Where photographs are picturesque, floor plans are to the point. 

2. They paint a picture  You don’t need detailed photographs filled with stylish furniture to gain a buyer’s imagination. A floor plan can communicate whether or not the home will be right for the potential buyer in the years to come. 

3. They help avoid the need for multiple inspections and added buyer visitations – A floor plan reminds the potential buyer of the room placements, sizes and configuration. They point out storage spaces and the location of doors, bathrooms, hallways,etc

4. They provide a reality check  If a buyer is serious about buying a home, the floor plan will give them a good sense of what belongings they can bring with them, and what things they’ll need to leave behind.

5. They do not lie  When inspecting a property, it’s natural for the potential buyer to lapse into a daydream. The home’s floor plan will act as a reminder of what is most definitely included in the property, and of what will not be there once your potential buyer returns, or eventually moves in.

6. They inspire change – There are two reasons why a potential buyer could fall in love with a home. They might fall in love with everything it already is, or they may fall in love with everything it could be. Not only will a floor plan illustrate the current makeup of a home, it might also inspire a little DIY (or professional) renovation. This will allow your potential buyer to envision and plan for any future home improvements he or she may want to make.

7. They put buyers “in” the house – Perhaps the greatest advantage to using floor plans – and one that cannot be underestimated – is that they allow buyers to draw and visualize their furniture in the home.

8. They make the house memorable – Have you ever followed up a prospective buyer from an open home and asked them what they thought of your property, only to have them ask “which one was it again?”

9. They put the whole package together – When it comes to viewing real estate photos online, it can be difficult for buyers to see how the images fit together to represent the whole house. This is especially the case when the property is empty. With a floor plan, buyers can piece together the photos and property in their mind. The floor plan helps buyers to see where rooms are located in context to one another, and how the property “flows”.

10. They are a necessity for renovation/remodeling projects – The floor plan is the road map pointing the way for the owners, professionals and trades for: renovation/remodeling design, construction planning, material selection and pricing, and the eventual placement of furniture.

11. They provide a permanent record – The floor plan graphically – along with pictures – shows what the house was and what it has become! The before and after!

Floor Plans for Buyers – According to Infolio, “So important is the floor plan to the potential buyer, research has shown that 1 in 5 people looking to buy will ignore a property advert if no floor plan has been included. In fact, many buyers believe that this extra information is of greater importance than the main images and floor plans, home design plans, renovation design plansssummary texts published within property brochures.” 

Floor Plans for Renovators/Remodelers – According to SFGATE – “Complete and accurate building plans can make the difference between a successful remodeling project and one that breaks the bank. These plans alert designers and contractors to the location of existing walls, wiring and other systems within your home. Knowing where these objects are located ahead of time helps your designer or builder plan the project around these components. A well-crafted set of plans can help reduce the risk of costly errors during construction, and may even shorten your project schedule.”

PPR’s Opinion – Floor Plans are an essential tool for Owners, Sellers, Brokers and those who are planning renovations and remodeling projects. Home owners should be demanding and Brokers should be the lead in providing a floor plan when sellers and buyers are involved. Before starting a renovation – or having an home inspection for that matter – the owner should obtain a floor plan.

Problem in Obtaining a Floor Plan – It is not easy to obtain a floor plan without  either measuring and learning to use software or paying for the services of a Designer/Architect!

Solution to the Need for a Floor Plan – PPR may have your Solution! Always looking for solutions to Real Estate problems,  Floor Planfloor plan. creating a floor plan, home design plansProperties, Probe and Renovation(PPR), will be adding a 6th service. As planned the service will provide standard Flat Design or a 3 Dimensional Floor Plan. Currently we are working on the details, including multiple options and pricing the service based on a number of factors. Please watch social media and our Blog for the details of the floor plan design roll-out! 

Are you a Home Owner, Potential Buyer, Real Estate Investor or Planning a Renovation/Remodeling Project?

Are You  Interested in What a Project Manager Can Do For You?

home renovation, renovation wartchdog, project managerFind out more about Properties, Probe & Renovation – We Could Be Your WatchDog! Contact Phil Eide . Email: phil@contactppr.com Call or Text : 216.577.5579

Pricing Information for PPR’s Site Location Services – Your Real Estate Investment WatchDog!

Flexible Pricing to Meet the Client’s Property Site Location Search Needs

About PPR Property Site Location Search Pricing

To provide our potential clients an estimated price for PPR’s Real Estate Property Site site location, property finders, locating a propertyLocation Search Services, it is essential to outline two important factors:

1) How the PPR Site Location Search Service differs from services most often offered by an agent contracted with a real estate brokerage company.

2) What components contribute to the price estimate for a PPR Real Estate Site Location Search.

The PPR Difference:

A) The norm in the commercial and industrial real estate property sector for site location search is to utilize a site location professional; PPR is unique in that it also offers this service to the residential real estate sector as well.

B) PPR is client-centric and biased toward our Client’s interests –- PPR operates as our Client’s sole representative, not as a representative of both the buyer and the seller (dual agency) as is the norm for brokers contracted with a real estate brokerage company. PPR does not accept real estate commissions.

C) PPR utilizes a personalized questionnaire when interviewing potential Clients to ascertain their Site Location needs. These include, but are not limited to: Geographic Location(s), Type of Property(s) , Demographics, Unique Features, Price Points, and motivating forces behind the desired search.

D) PPR provides our Clients a weekly written, itemized update of PPR’s activities, including: site locations, pictures, videos, building specifications, expenses and an invoice, payable within 7 business days of receipt.

E) PPR keeps open, ongoing lines of communication with our Clients!

The Price Components for a PPR Real Estate Site Location Search

1. Time — Estimated hours to complete the PPR Property Search converted into a weekly and monthly total.

2. Hourly Wage – To be multiplied by our estimated weekly or monthly hours.

3. Travel and Related Expenses – Based on a previously agreed-upon daily, weekly or monthly amount.

Producing an Estimated Price for the PPR Forensic Inspection

After PPR has gathered the above information utilizing a comprehensive checklist during a phone appointment with the potential Client, PPR will provide the Client an itemized Estimated Price for the Project Management of a Real Estate Property Site Location Search within 5 business days. Should the Owner decide to proceed with the PPR Property Site Location Search, the Payment of the good faith retainer, based on 20% of the Estimated Price for the Property Site Location Search is due 72 hours prior to the scheduled start date and time.

Finalizing the Price for the PPR Site Location Search

The Final Price for the PPR Site Location Search and the Comprehensive Report will be invoiced to the Client with the delivery of the Report. The amount of the Final Invoice will not exceed the Estimated Price unless, during the Search process itself, unexpected needs arise in order to provide additional data about a property of interest. In such a case, the PPR Project Manager will contact the Client to get permission to proceed; confirmation will occur in writing by text or email; time and materials for the work above and beyond the estimate will be added to the Final Invoice.

site location watchdog, watchdog, site locationDo you have questions about the PPR Property Site Location Search Service or Pricing as it could be applicable to your Residential or Commercial property? Email or give Phil a call…we look forward to hearing about your real estate challenges!

   Email PPR phil@contactppr.com

                             Call PPR 216.577.5579

                             Visit the PPR Website www.contactppr.com