Homeworx Investments
The Homeworx team is uniquely qualified to get you the maximum return on investment in a very safe asset on which your return is derived. By offering a combination of services, our investors are able to receive the most value possible for their dollars.
Our Goal:
- Earn a minimum of 10% ROI gross per year.
- Start in a position of equity.
- Appreciate in value at a minimum of 4% per year above and beyond move in equity position.
- Rent quickly and for long terms, keeping vacancy to a minimum.
Property Investor Services
Identify the Asset(s)
The investor team at Home Worx has a proven track record of finding and negotiating the best deals out there for our investors. We are constantly scouring the market for opportunities that we can present to our investors, such as:
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Rehabilitation Properties
- Many homes are under market value
- Low construction costs.
- Fast turnaround on renovation
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HUD Properties
- Great pricing on most houses for sale
- Minimum to moderate rehabilitation required.
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Real Estate Owned (REO) Properties
- No investment required until house closes.
- Minimum to moderate rehabilitation required.
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New Construction
- Better appreciation in value than existing houses.
- Little unknown maintenance cost
- Better pricing when purchasing multiple parcels
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Situational Offers
- We have access to motivated sellers often willing to sell under market value.
- Fast closing times.
- Short time on market to lease.
Improve the Asset(s)
Our team at Next Generation Renovation will improve the asset.
From cosmetic updates such as flooring, bathroom and kitchen remodels, exterior renovation and full restoration, no job is too big or too small.
Our expert team will ensure that the budget fits the asset, always keeping R.O.I. as the #1 focus of the project.
To see some examples of Next Generation Renovation's work, please visit nextgenok.com
Provide Investor Financing
Many of our investors are paying cash but we also have those who are taking advantage of "cheap money".
Our team at Mortgage Pros, a division of Financial Concepts Mortgage, specializes in investment loans.
There are many caveats to investor loans above and beyond that of owner-occupied loans. Our team's experience in this department will help you avoid the pitfalls.
Maximum Return On Investment
Worx Property Management, LLC, is a full-service property management company. We manage over 700 properties totaling more than $185,000,000.00 in real estate value. We lease homes in the Oklahoma City and Tulsa Metro areas. We focus on properties that will bring a great return on investment in areas with higher-end homes, especially the affluent suburbs of the major metros we service.
Our extensive marketing and management program has helped us become one of the fastest growing property management firms in the state.
Because of our powerful marketing efforts, we are already working with a large network of tenants who are looking for properties.
This network of clients enables us to more than make up for our management fees because we are able to procure more rent income than a property owner going at it alone or even with a contracted Realtor.
We also manage the entire process for you. Your funds are deposited to your bank account once per month.
Sell Asset(s)
If you choose to liquidate any or all of your real estate investments, the experienced Realtor team at Homeworx Real Estate will get the asset sold quickly and without charging the standard full 6% commission.
And because we are working with multiple investors, we already have an audience for your asset.
Frequently Asked Questions About Investing
Return on Investment. The return on investment formula is the percentage of invested money that is recouped after the deduction of associated costs.
Yes, an LLC limits liability and protects your investment. It is a simple process and there are greater tax advantages with an LLC vs. Individual Ownership. Get with your CPA.
Real estate and stocks are the two most common assets to invest in. Purchasing property requires more initial capital than investing in stocks, mutual funds or even real estate investment trusts. When purchasing property, investors have more leverage over their money. A real estate investment is tangible, you can touch it. It's easier to avoid fraud with real estate. Real estate provides more predictable returns than stocks. It’s always a good idea to keep your portfolio diversified and safe!
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Cost. You want to find the sweet spot! A home with a low value will bring in tenants who don’t always take care of your investment and have a higher eviction rate. The house will potentially need more work that will cost you more money. On the other hand, a home with a high-end value will bring in less percentage in rental income and will sit on the market longer. We can help you find the sweet spot where you will get the highest ROI.
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Location! The school district is very important. Homes in better school districts rent faster and families with kids are apt to spend more money for a house in a good school district.
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Year built. An older house will potentially need repairs and replacements which will eat into your profits. We recommend investing in a home not much older than 20 years. That does not mean you should avoid older homes. At the end of the day a deal is a deal.
You need 20%, but you will get a better interest rate with 25% or higher on real estate investor loans.
Besides the down payment, you will have to pay for a property and termite inspection along with an appraisal and any rehab the home might need.
Due to our large network of real estate investors, we are able to offer the option to buy!
Did a property turn out to be a bit more of an undertaking than expected? Let us help you get back on track. We can have an evaluation and offer to you in as little as two business days. Our offers are “AS IS” upon approval of inspections.
With this program, you will also save money selling your investment home without the traditional realtor fees! You can avoid all the hassle, unnecessary stress, and months going through the entire process.
The choice between the two strategies in question depends on your financial situation and real estate investing goals, the long-term holding strategy is generally more appropriate for those using real estate as a core portion of their overall investment portfolios; flipping is riskier and the market is saturated making it more difficult. It really depends on your financial situation. It is advised that you have flexibility to do both in the event a flip investment is not profitable.
A real estate investor wishing to build wealth and to derive income from their investments should consider holding real estate for the long term, using the equity built to finance other investment opportunities.
After identifying and improving the asset, our qualified property management team will manage the property for you! A good property management company will save you money and time by handling all aspects of your rental. We handle the day to day responsibilities while you collect monthly income.
Due to our state of the art technology, marketing platform, and heavy web presence, we are able to get you more in rental income for your home, which more than makes up for the management fees. We make sure your asset is protected through our move in and move out protocols, complete with security deposit accounting to hold tenant responsible for any tenant caused issues.
Call us and we will help you get started. An agent will start searching for houses that will make the best financial sense for your real estate investing goals.
Process:
- How do I find an investment property? One of our agents will educate you figure out what your needs and wants are. You will be set you up on a search that will automatically send you houses within your specific criteria.
- What if it needs repairs or updates? NextGen is a sister company to Homeworx and can handle everything from minor repairs to full remodels the property will need.
- What do I do if I want to lease the property? Call us! We will explain everything in detail and we will be able to give you a price range of what you should expect to get in rental income. Click or tap for more details.
- What do I do if I want to sell the property? Our investor agents are all licensed Realtors. Whether you want to lease your house or sell it, we handle everything. Click or tap for more details.