Analysts will tell you that real estate had a hay day that has long since come and gone. Investors in-the-know disagree. They practice striking while the iron is hot. Right now, the iron is white-hot. Why? The housing market is improving, but it is still down. It’s the perfect time to invest in management and secure properties.
Embrace the Entrepreneurial Spirit
Some management companies are pulling back from expansion. Believe it or not, in an economy like this, holding back may be the wrong move. At Advance Funds Network (AFN), we were curious to see why businesses are being so conservative. The answer had a lot to do with financial constraints.
Newer real estate companies tend to be cautious when it comes to expanding in the interest of the business. This caution is understandable, but there are ways to abate the risk and still expand or find new opportunities when needed. One of the best ways is through an unsecured line of credit, or as real estate insiders call O.P.M (other people’s money).
Revenue When you Need it Most
AFN was able to get a Palm Springs real estate/property management company $136,000 for expansion and new opportunities. This company specializes in luxury properties, specifically with hospitality services.
That cash flow is as immediate as it gets; it was available within 72 hours. That kind of capital allows you to invest, not only in new properties, but also in the kind that require you to come up with capital quick in order to capitalize on a great deal.
The beauty of an unsecured line of credit is that it is unrestricted. You can use the funds for any business-related purchase. There’s much more to expanding a management business than simply finding properties to manage. You have to have enough operating capital to keep the base business going while you plan and execute any growth. That capital can be put toward:
- Property costs
- Building maintenance
- Vendor services, etc.
Whatever it is that will help your business become more profitable and succeed.
AFN has resources that will allow you to control accruing debt and get you to the place of increased profitability. We realize that you may be in between those two states now. The right financial backing can change the state of your business overnight. All you need to do is submit an online application on our website. We’re available by phone and live chat as well.
Our staff will handle the approval process. We try to make this process as quick and painless as possible. Businesses that are approved can get their money within 3 to 5 business days. We’ve helped many real estate management businesses expand their horizons. What’s stopping your real estate management business from being the next success story? Be proactive. Get the information you need to help your business stay competitive, wherever the market may be. Achieve your goals today!
AFN is not able to help start-ups, but if your business is six months or older, contact our staff and find out how an unsecured line of credit can take you from where you are, to where you want to be.