We focus on having consistency and sustainability in our business. We are constantly reviewing economic indicators and real estate conditions to ensure that we keep the best interest of the company’s future in mind, all of which depends on anticipating the shifts of the market and knowing when and where to invest.
Our team consists of highly skilled title abstractors, realtors who specialize in our market sectors, licensed contractors, and experienced project managers. We execute all of the components in the company to operate quickly and to move smoothly.
WealthPoint’s acquisitions team performs a stringent and highly detailed review. Each property under consideration is evaluated by its value, its fit with WealthPoint’s search criteria, its profitability, its ability to diversify the portfolio, and many other factors that would contribute to its value as an acquisition. We consider thousands of possible property purchases every week, but relatively few meet our strict criteria. The WealthPoint team carefully evaluates each property purchased; further, limiting the liability to our investors and the stake of our company. The team reviews far more properties than it submits bids for.
These ideal properties when they become available are being purchased at a deep discount, and rehabbed to high standards – detail oriented – high quality products. In conjunction to other properties in WealthPoint’s acquisition, construction, and disposition cycle, a property in the process takes approximately 3 months to complete.
It’s as important to know how to sell a property as it is to know what to buy. The Dispositions team carefully evaluates and markets each property. When initiating a sale, the Dispositions team reaches out to highly regarded real estate brokers in each local market, lists the property at a competitive price, and negotiates every property transaction to realize its highest profit performance. We are able to sell our properties quickly, typically on the market for 2 weeks of time, due to strategic pricing, premium move-in condition,, and a skilled negotiating sales team. Sales proceeds may be reinvested into new properties to provide additional income potential or be distributed to investors.
