The current real estate market has received scathing reviews regarding its unpredictability. Overall, the housing market is always registered as unpredictable, and it can go from one degree to another over a short period. However, the current climate is different.
Post pandemic has proved that the roaring activity in the market has not shown any signs of slowing down. Instead, it has consistently accelerated forward.
But, even in the market’s current climate lies opportunity on either side of the closing table. Many buyers have purchased homes that have gained mass equity in short periods, and sellers have experienced record sales for their properties.
The market has created opportunity, and that is important. Even more important is partnering with an industry expert who can help you successfully maneuver.
Entering the market as a new investor, it was important that the partner I took on understood my goals and could identify a strategy for reaching them.
586 Quincy Real Estate understood precisely that. How we worked was informative and straightforward, and the communication was concise.
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An Experienced Real Estate Partner Was Important
It’s often believed that you must have substantial capital and extensive know-how to become an involved real estate investor, and I
learned with 586 Quincy Street that is farthest from the truth. Their collective experience in
the market spans multiple successful residential and commercial projects in the Manhattan and Brooklyn areas.
586 Quincy Street needed to show such a tenacious and successful approach in the incredibly rigorous New York market.
586 Quincy Street Led With Strategy and Replicated Proved Results
There are multiple avenues when building out a real estate investor’s portfolio. The most commonly spoken about is the fix and flip approach. It is typically done with a single-family home: purchase a home, rehab and return to market within a specified amount of time with an estimated yield. 586 Quincy Street is not only fluent in single-family investing. Still, they have maneuvered the market to a way that they have cracked the code on opening up different avenues of real estate investing to all levels of experience and capital.
Choosing to partner with their expertise opened the door to otherwise traditional opportunities. Multifamily new development and commercial real estate are traditionally reserved options for the more industry astute investor.
586 Quincy Street led with a tactical approach, including utilizing their extensive network to locate the idea asset according to the goals outlined in the initial strategy session.
Additionally, there was an in-depth review of the market in the targeted area of the asset. The strategy included thoroughly analyzing the surrounding comparable assets and placing realistic values within the models.
Communication Was Key and Concise
586 Quincy Street provided solid and insightful communication into the acquisition process. It was evident in the level of risk presented, the required amount of capital, and the expected rate of return based on all those factors.
From the perspective of a new investor, this information was pertinent because it allowed the opportunity to learn and grow as an investor.
Communication Is Important, and 586 Quincy Street Mastered The Practice
586 Quincy Street proved that their knowledge and approach were the cutting edge success system needed to maneuver the New York housing market, regardless of my position in the market and the path on which I was entering the market at the current time. From the beginning of the process throughout the entire transaction management and even post-completion, there was no shortage of guidance and education, all wrapped up in top-tier communication.
The value received from this process was immeasurable and impressive.
Understanding that wealth building is the foundation of my investment journey was critical as it assisted in determining the ideal product in the beginning.
It was also important to partner with a firm that could invest in the current market with substance and patience to educate.
586 Quincy Street not only walked me through the understanding of how I was investing but gave guidance on why the investment was sound and the best path according to my financial goals.
They were true to their approach providing expertise through their experience, the success rate of return using their strategy, and maintaining effective and open communication.
Whether purchasing a home or diversifying your investment portfolio through commercial and multifamily assets, 586 Quincy Street can facilitate a successful process. For more information on investment opportunities and to discuss your market needs, click here.