More often than not, the profit in your next real estate investment is made when you first purchase the property. If you overpay, even the most dramatic renovations may not save you from being underwater. So, how do you pick those diamonds in the rough and land the sweetest deals? How do you find those properties that others simply cannot?
First and foremost, you form a strong relationship with your local demolition contractor. Utilize them for current or future projects. Refer them to friends and families. You can’t expect to be served a sweet deal on a silver platter without contributing yourself. Very few businesses are often as familiar with the local real estate as demolition companies. Demolition companies benefit from working on existing properties, tearing down dilapidated homes, prepping lots for new investment builds, and more.
When it comes to any project, Demolition companies are more often than not the first to be called. Looking to prep the property for a foundation? Demolition company. Need to remove an existing structure in order to build a new one? Demolition company. Want to blow out a wall or remove a kitchen to create a beautiful new look? Demolition company.
This command over real estate and early access to all properties and potential deals results in strong relationships with homeowners and developers alike. Additionally, these strong relationships can also help potential investors gain credibility when making offers.
Non-traditional property buying methods such as seller-financing or lease-purchase agreements may become more visible to demolition contractors as they form relationships with property owners.
Are you a Demolition Contractor? Are you investing in real estate? Are you taking full advantage of your expertise and relationships? These are important questions to ask yourself.
If you have any questions about your next demolition project or are looking for a quote, do not hesitate to reach out to Boston Demolition.