FAQ

Why use MBM Property Group?
MBM Property Group is a one stop source for all you real estate needs. Our experience and guidance will help investors  and first time home buyers reach their financial goals.

How do I get started in real estate investing?
The very first step in real estate investing is evaluating your financial goals and determining a plan based on your goals and the financing you have available. Be it cash, hard money or conventional financing, having a plan in place is crucial to being successful.

How long does it take to get a close a transaction from original purchase, on average?
Every property and investment is different. The amount of work, type of property and current market conditions all determine how long it takes to sell the property.

How do I know if a property is worth purchasing?
This is the most important and also one of the most over thought processes in real estate investing. If the property you are evaluating has comps that justify an after repair value of 10% or more than what you can purchase and rehab it for, than it’s worth purchasing. This is where relying on real estate professionals and trusted contractors is essential, because you may not know how much repairs cost, what repairs will be needed, how to pull correct comps, or any subtle clues that may make a deal not worth buying.

What steps are involved in evaluating a property?
There are 5 simple steps to evaluating a property. Make sure you know what investment strategy you are going to use before you start.

1. Determine the rehab cost.
2. Determine the ARV based on comps.
3. Determine if this property will meet your investing goals (buy /fix /sell, buy / fix /rent, owner financing or your own unique investment strategy).
4. Determine expected days on market based on comps and market conditions.
5. Evaluate the potential risk. Are there any unusual circumstances that may prevent you from selling this house for what you have estimated its worth, or renting it quickly and at the appropriate price.