Ground Break Properties

Looking to invest but no idea where to start?
Partnering with someone is a great solution, and Joint Ventures work because they can be structured any way you like to fit each parties goals and utilize everyone’s strengths in the partnership💪…I run through a typical 50/50 split scenario in this post, but there are numerous ways to structure it.
Reach out to learn if a Joint Venture sounds like something that could work for you! (And check out my story highlights for a breakdown of the numbers!) 🤓✏️💰

There’s lots to think about when planning to invest in real estate!
Once I’ve narrowed down where it is that I want to invest, these are my top 5 questions that I ask myself and our investors.
What are some others that you guys consider!

Who else feels like they’re just non stop putting offers in?🙋‍♂️😂
Honestly, when they don’t get accepted sometimes it’s hard to take the emotion out of it and not be disappointed…. But then I remember why we’re doing this, trust the process, stick to the numbers and don’t get caught up in the craziness of the market.
Persistence wins - we’re looking at 3 more places tomorrow which I expect to offer on and after hearing a lot of “no’s” lately it will make the next “yes” that much sweeter! 💪

What investments give you a return on your TIME?
Some decisions during a renovation are made not only by asking the question “will we see a return on this investment?”, but by also asking “will this save time or hassle in the future?”
Landlords must change the locks between each tenancy and there is time and money involved with this. If holding the property after the renovation, then installing smart locks where you can just change the code is a simple way to avoid this. To take it one step further, having a lock with remote access allows you to use your phone to lock/unlock the door or add new codes, from wherever you are.
This has proved to be a fantastic feature when needing to let trades in and out of the house during renovations or repairs, or if for whatever reason someone gets locked out.
For this rental we went with .intl.inc Smart Lock. We purchased them on sale and it added $75 to the reno budget for each suite…. This is paid back after 2 tenant turnovers, and with all the other perks when factoring in our time during renovations and property management, it made perfect sense. We’ve been really happy with them so far and they also worked flawlessly in both -25🥶 and +42🥵)
Added bonus - they look really sleek🔥
What are some simple things you invest in that take back your time?

Me yesterday really connecting with what it means to bird dog for real estate 😂…
This 3BR Up 2 BR Dn was a potential BRRRR project we viewed yesterday and put an offer on. In a market like this, things move quick, so you have to be ready for opportunities.
It was listed Friday, we viewed Saturday afternoon, went home and ran the numbers on renovations and ROI, and the offer was in 4 hours later.
Knowing the numbers before going into a viewing (like price comparables in the area, what it could rent for, costs of renovations) is so important in a market like this. We need to be ready to take action - If the numbers don’t make sense, we move on. If the numbers look good, the offer goes in.
*Spoiler Alert* We didn’t get it - they went with another offer. That used to feel like a let down to us, but by taking the emotion out of it and relying on the numbers, we know we put in the right offer and it just wasn’t meant to be. There’s other fish in the sea (or ducks in the pond in this case?) 🤔😂
It’s a competitive market, and if we were to get caught up in the bidding wars or stretch the numbers to make it work just so we can put in a higher offer, the potential is there to get stuck with an investment with poor returns. That’s not what we want for us or our investors.
Know the numbers, write the offer, and proceed with confidence. Persistence wins.