Get in get out get paid this are three statements that Nick Vertucci lives by. Since becoming a real estate investor in the years following the dot-com bubble, he has used them to develop a strategy that works which revolves around them. He breaks that statement down as follows.
Nick Vertucci confirms that this stage involves looking for deals that meet the criteria that he aspires to. By looking at aspects such as geographical location which is very important in determining where the next housing boom will occur and what type of property is likely to be found here, i.e., commercial or residential. The property laws of that state considering that different states have different real estate laws that may need to be critically analyzed to determine what kind of investment can be made there. When the investor identifies a property that meets his criteria for investment they should get the best offer for the same as it is important to buy low.
This involves doing all the necessary renovations to the house while ensuring that the price of the house does not rise as much from the cost of renovation. The investor will then assess the property and then determine the true value it holds.This knowledge is used to determine whether to sell it out or lease. The investor now concentrates there efforts towards making a sale on the same. By meeting various and pitching them, you can deliver to them the true value of the property and at this point its when the sell high part comes in. As an investor Nick vertucci sates that once potential margins have been determined it now boils down to convincing the client to meet the selling price.
Nick Vertucci states that once the client is convinced and have made an offer the transaction is made and from there the ROI realized.