Rentals

We specialize in Rentals in the East Lake Worth area.  We do have properties in other parts of the county, the state, and the country, but most of the rentals on this website are available in Lake Worth.

All of our rentals are going to be maintained to the highest standards.  Upon move-in you will always find a clean home with fresh paint and everything in working order.  Maintenance request will receive attention within 24 hours during the week and emergencies will always receive immediate response.  

You can rest assured that your neighbors have undergone thorough background and criminal checks.  We run all of our properties in a professional manner to ensure that your home remains a place of peace and relaxation.  You will always deal directly with the owner and be treated with the utmost respect.  We strive to provide you a happy home.   

We take pride in our properties and want you to take pride in your home.

We offer the best of both worlds.  We offer the professionalism and quality of a large apartment complex, without the hassles.  You won't be living in a building with 100 other people.  Most of our properties have 2-4 units per building.  You get to deal with the owner directly.  You won't have to talk to someone who tells you, "Sorry I don't make the rules, that's just the way it is."  You will be able to call the person who makes the rules.  That doesn't mean that all rules can be bent, but you can always ask why or why not?  

Some of our featured properties are listed below.  Please contact us for a showing and we look forward to welcoming you to your new home.

 

622 N J Street

2 Bedroom 1 Bathroom

$850 per month

650 sq feet

This completely remodeled single family home has new laminate floors, maple cabinets, bedroom carpet, and bathroom fixtures.  It is only blocks from downtown Lake Worth and minutes from the beach.  This cozy home has both front and rear deck and an oversized off-street parking space.  Pictures don't do this home justice.  Call 561-337-4408 for a showing or Email for Info

624 N J Street Unit #2

 

 

 

 

 

 

 

 

 

1 bedroom 1 bath apartment

600 sq feet

$800 per month

All utilities included

Within and easy walk to downtown Lake Worth, and minutes from the beach.  On site washer/dryer, off street parking, and a patio behind this apartment make it the ideal for someone looking for old-school Florida charm in an updated apartment.  Call 561-337-4408 for more info or Email for Info

 

The Investment Process

The process from which a distressed property goes from a "fixer upper" to a finished house requires several steps.  Some investors choose to focus on a single step and create value and profit in that step only.  Some investors choose to complete the whole process themselves.  They buy the house from someone who is behind on their mortgage, a tired landlord, etc.  They then fix the house and sell it to the retail buyer.  For those of you who are new to real estate investing the following tabs will provide you with a basic understanding of each step in the process.  This will help you decide how you best want to invest in real estate.

Wholesaling

Many investors choose to wholesale real estate.  This is the easiest way to start and allows you to "get in" without any money down.  How can this work you ask?  Well this is actually the most difficult part of the whole process.  You must find the "good deals."  You will find the motivated sellers, they will sell their house at a substantial discount to a cash buyer that can close quickly.  There are many ways to find them, you can mail letters, you can attract them through web marketing, they are involved in probate or divorce, or you can simply drive around looking for "ugly" houses.  Once you find these properties and negotiate a price that is 40-50% of the market value, you will secure them with an assingable contract.  Your deposit will be minimal, usually $10, and you must make sure that the contract is assignable.  Then you find a investor/buyer and assign them the contract for a fee.  You are never liable for more than your deposit and your fee is paid at closing.  When you find these properties go to the sellers area of this website and we can assign them to one of our investors and you can make your profit.

Rehabbing

The most labor intensive of the process, this is where you take the ugly house and turn it into the nicest home on the block.  You generally make the most profit during this process, but also you have the most risk.  You can easily run over budget, over schedule, or find major repairs that you didn't expect.  Due to these factors you need to build a large cushion into your figures to make sure the project makes sense.  If everything goes according to plan your profit will be hefty, but if things don't you will still make money.  This is NOT something you want to do if you have a 9-5 job.  You can't do this on the weekends, or meet contractors on your lunch break.  If your day job is flexible and you can make your own schedule you can make it work.  When the house has been completed you can sell it to a retail buyer through a real estate agent, or at a slight discount to an investor looking to buy and hold.

Buy and Hold

Buy and Hold can either be your exit strategy for the rehab process or it can be your entry investment.  The most important thing to to a successful and stressfree buy and hold is CASH FLOW! The big payout comes from the appreciation of the property, but the cash flow pays the bills.  The biggest mistake new investors make is to base their cash flow on their mortgage payment.  Even when taxes and insurance are included there are many other expenses that must be added to determine if the investment makes sense.  You must include a vacancy and bad debt expense or one bad tenant or long vacancy period could wipe out your cash flow for months and make your property a liability instead of an assest.  Maintenance is another expense that must be budgeted for, and this includes preventative maintenance and upgrades.  If you don't keep your property in top notch condition your final appreciation as well as your cash flow will suffer.  Many investors use management companies, if you don't have experience as a a property manager I would recommend this, at least at first.

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