HomeVestors Announces Real Estate Problem Prevention

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Common issues can make investing a chore. Preventing these issues can save time and money.

Dallas, Texas With real estate investment comes a multitude of potential disasters. After 15 years in the business, America’s number one home buying franchise, HomeVestors, has had the opportunity to work through them all. That’s why they are releasing a handful of the best prevention methods for real estate investing.

Real estate investors cannot be successful unless they have a plan for success. It does not have to be anything extravagant. It does however need to spell out what it is that the investor hopes to achieve. This should include the number of properties the real estate investor hopes to purchase as well as what his plans are for the properties after they are purchased. By having this written, the investor can keep his goals in mind whenever he faces a hard day or an important purchasing decision.

A real estate investor is only as good as the weakest person on his real estate business team. Although the investor may be a jack-of-all trades, he cannot possibly handle all of the aspects of his business alone. This is especially true if the business is going to grow big. As a result, the real estate investor must choose the best individuals to work with. These are ones that will believe in the investor’s plan for success. The best real estate business team will include a real estate agent, real estate attorney, title company, financial lender, and contractor. These professionals will help the real investor to make sound business decisions and to stay focused on the investor’s goal.

Emergency funding is crucial for any investment, especially in real estate. There are always events or natural disasters that will create a need for repairs or replacements. The smart real estate investors will establish an emergency savings account to be used for those issues that spring out of nowhere. This can be alone or in addition to a major asset repair fund. Either way, the smart real estate investors will have several months and even up to a year’s worth of mortgage payments, property taxes, insurance payments, and other repair expenses ready.

The best tip for real estate investors is to find a way to separate work from home. This requires the investor to turn off the phone and only check emails and voice messages at certain assigned times. In addition, it means establishing separate bank accounts for personal and business expenses. This helps to avoid potential financial difficulties when keeping records and doing taxes.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level  of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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