Always Plan for a 20% Profit on a Deal
Newfield Realty Group (NFG) has invested in buy and hold properties and flipped houses/spec houses for 15 years. As we’ve learned throughout this time, the number one rule is that you make your money when you BUY! But you have to buy right. In other words, you should always plan for a 20% profit on a deal. In addition, we suggest running your numbers with a 10% margin of error, as nothing always goes according to plan. For example, you may find termite damage in the walls or even outdated wiring throughout the property. No matter what type of home you are buying, make sure it’s in an up-and-coming area so you get the best price per square foot.
10 Projects in the Books
Currently, we have 10 projects in the books: an eight home residential development in Covington and two uptown Audubon Park Rehabs. Also, we are in the process of evaluating several multi-unit apartment complexes (15 to 150 plus units). Within the past three years, we have additionally welcomed investor partnerships on development projects. Our company offers a significant return on investments from 6 to 12%, plus the option for continued ownership in the long-term assets (multi-family complexes). This is a great alternative to putting your money in savings, especially with banks offering less than 1% in returns. Real estate investment allows you to see, touch, and participate in the growth of profit.
Construction, Property, and Asset Management
Overall, NFG brings construction, property, and asset management to the table. NFG has been state-licensed residential and commercial contractors since 2006. Since receiving our licenses, we have helped rebuild the local commercial and residential infrastructure since Hurricane Katrina. Seeing areas improve while providing exceptional quality housing and creating revenue streams for ourselves and other equity partners brings us joy.
If you are ready to get involved in the real estate industry as an agent or investor, call or email us today. Please schedule a time with us to discuss the ways in which we can help you achieve your goal.