|
MILESTONE |
DESCRIPTION |
TIMING |
|
PAPERWORK & DEPOSITS |
Complete all documents and submit to OCG along with deposits and proof of funds. We are now ready to make money!
|
1 – 2 Weeks |
|
RESEARCH & ANALYSIS
|
Property market value analysis and comparable sales analysis, cash flow and return on investment analysis, neighborhood analysis, preliminary renovation bid, offers & contracts, pictures & video. |
1 – 2 Weeks |
|
DURING ESCROW |
Attorney review, insurance, inspections, final renovation bid, tenant and investor marketing, permits, utilities, documentation compilation, ARV appraisal, funds deployment. |
3 – 4 Weeks |
|
RENOVATION |
Electrician, plumber, roofer, carpets, AC & heating, general contractor coordination and bids, renovation completion & re-inspection, pictures & video, marketing. |
3 – 4 Weeks |
|
TENANTING |
Leasing and Showings, applications, financial & criminal back ground checks, leases, security deposits, lease options, credit repair.
|
1 – 2 Months |
|
PROPERTY MANAGEMENT |
Property management agreements, collections, tenant credit repair, showings, legal & accounting, monthly statements, tenant newsletters, tenant issues
|
3 Months to 5 Years
(depending upon preference) |
|
SALE OF PROPERTY or BUY & HOLD |
COLLECT CASH FLOW! Marketing, leads follow up, development and qualification, purchase and sale contracts, closing escrow, insurance reimbursements, lending coordination. |
3 Months to 5 Years
(depending upon preference) |
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