investing in foreclosures

WHAT DO I NEED TO KNOW ABOUT LEASING?

The key to success in leasing is to find the right tenants as they will be responsible for the property when you're not around. The right tenants will help maintain the value of the property by informing you of known issues. The right tenants will also pay for the property, thus contributing to the return on your investment.

The "right" tenants should have the following characteristics:

1. Ability to maintain the property
   
2. Pay on time
   
3. Doesn't move all the time
   
4. Single family (find out how many people plan to live in the home)
   
5. Good credit

Before meeting with prospective tenants, you need to formulate an idea of your minimum requirements for such things as income and credit. Many landlords look for tenants who earn two and a half times the amount of their total shelter payments in gross income. For example, if tenants are going to pay $900 per month on lease payments, they need to earn at least $2,250 per month on the job.

Why Specialized Realty for buying Foreclosures?

• Our firm specializes in Texas foreclosure properties.
• Our agents are foreclosure experts.
• Our foreclosure focus experience helps us to keep you from potential penalties.
• Our foreclosure expertise ensures a smooth process for our buyers.
• Our experience in working with foreclosures helps you avoid any unforeseen penalties.
• We can make you aware of foreclosures before they go on the market.
• SRG buyer's agents represent the buyer, not the seller.
• We offer a market analysis to assist with negotiations.
• We have connections with lenders and mortgage who know foreclosures best.
• We work with foreclosures on a daily basis, so we know when a "hot deal" comes up.
• We offer foreclosures throughout North Texas.
• We have connections with lender and mortgage providers with hands-on experience working with foreclosures.

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