Company Profile
Investment Summary
TNT Homes specializes in purchasing distressed residential properties through short sales, private & public auctions, real estate owned properties (REO), MLS listings and For Sale by Owner. These properties are professionally inspected, professionally renovated and re-sold to local homeowners and or investors for a profit. Experience
We have strong beliefs tha
t to be successful in this profession education and knowledge is the key ingredient in achieving our success. We also believe that continuing education is another key component to our success and is something that we focus on and strive to improve on a daily basis. We have extensive training, professional coaching and mentoring from the most successful real estate investors in our country and our local community as well. By networking with other investors we are continually surrounding ourselves with like-minded individuals through local real estate Investment clubs, real estate seminars, networking groups, and continuing education classes and training. Area
A detailed analysis of the local market and its surrounding communities are the key to determining the re-sale value of each property prior to acquisition. A Competitive Market Analysis (CMA) is an essential part of any sound real estate plan. A CMA will help determine where to invest, gives us greater negotiating power, helps to determine precise marketing strategies, and helps to structure property budgets. There are eight key factors in determining the location of a property to invest in:
Aesthetics
School districts
Property taxes and services
Crime rates
Accessibility
Trendiness
Public transportation
Residents, recent homebuyers, and tenants
By focusing our efforts and investing in a specific areas greatly increases our success in the re-sale of our properties. Sales Price
Our target market is properties that re-sell from $100,000-$250,000. By focusing on the average or median price range we are more successful in a quick turnaround time. These are the types of homes that the majority of the population is able to afford and acquire financing for their purchase. Typically these are the first time home buyer or second time home buyers upgrading to their next home. Our main focus is the buy price. The other costs associated with repairing the property, holding the property and the selling the property are extremely important aspects as well but buying right is the most important factor in determining the sale price and a quick sale. When we buy right we are able to market our properties slightly below market value and the competition and sell a superior almost new construction type move in ready property. Turnaround time
Average turnaround from acquisition to sale of property is 90-180 days
Days on Market
Average time on the market is typically 30-60 days to receive and accept an offer. Renovations
Our goal is to provide our buyers with a move in ready condition completely remodeled home of their dreams. By using a systematic approach to every aspect of the project we are able to achieve predictable results when it comes to the details involved with the renovations including the costs and the timeframe to complete the project. All properties will meet the required building codes and standards of a professional building inspector. Most properties will have updated electrical, plumbing, mechanicals, roofing, siding, windows, and doors & trim, new bathrooms including tubs, shower surrounds, flooring, vanities, lighting, new kitchens with granite counters, stainless steel appliances, new cabinets, and new light fixtures, flooring, paint and carpet throughout. Typical Buyer
We cater to buyers that we like to call the “perfect-condition” homebuyers. These buyers want to move in and not worry about needed repairs. They want stainless steel appliances, granite, ceramic, wood floors, fresh paint and a clean home. Renovation Management
All renovations are managed daily to ensure quality standards are adhered to and schedules are consistently met. Purchasing
We specialize in buying distressed REO, sheriff’s auctions, online auctions, probate, short sales and FSBO properties at a discount. Sales
Once renovations are completed, property is listed for sale & marketed on the MLS. Closing
Typically 30-60 days is required to close the transaction after an offer has been accepted. Contractors
We only hire the best licensed and insured contractors to repair our properties. With our 20 years of experience in the construction and painting business. We have established a solid relationship with a great team of contractors that we always use on our properties to insure a consistent and superior product for our buyers.
