Real Estate Investing Journey With Elevate

What happens when you work with Elevate Realty to buy an investment property? Here are the steps you go through from start to end, so you get a better idea of how it’s like to work with us!

STEP 1

Kick-off

We’ll get to know each other to see if we’re a good fit. We’ll need to confirm your needs before moving forward: how much you can borrow, how much you want to invest, and other requirements you may have, such as location or property type. If you haven’t gotten a mortgage pre-approval yet, a straight-forward application can take a few days and complicated ones can take around 1 month.

STEP 2

Learn

Based on your needs, we’ll offer our best recommendations. Then, we’ll take you on a discovery tour to show you past and current investment property projects, so we can better understand your preferences.

STEP 3

Acquire

With a better understanding of needs and preferences, we’ll continue to show you great investment opportunities complete with valuation reports. We’ll move at a pace that you’re comfortable with and negotiate with your best interest at heart. Once an offer is accepted, the closing period is typically between 30-90 days.

STEP 4

Renovate

We’ll introduce you to our network of reliable contractors and prepare a scope of work so you can get quotes and confirm agreements in advance. This way, your contractors will be ready to go once you take possession of the property. Typical renovations that we recommend can take 2 to 3 months.

STEP 5

Lease

If you prefer to do this yourself, we’ll provide clients with our leasing toolkit free of charge. If you decide to use our leasing services, we charge 80% of 1 month’s rent and it typically takes 1 to 2 months to lease out a unit.

Free 1st Lease when you use our property management service for new properties.

STEP 6

Manage

Many clients choose to manage investment properties on their own and we’ll check in with you to make sure things are running smoothly once your tenants move in. Should you require our services, we charge 8% of gross rent (condo monthly fee $75) for property management.

7% of one month’s rent when you use our property management service for new properties.

STEP 7

Grow

We’re here to offer our best advice throughout your investment journey. If you’re looking to grow real estate portfolio quickly, we can guide you to refinancing your investment property.