Red Gate Properties

There is no such thing as a perfect tenant because there is no such thing as a perfect person.

A resident can pay on time for years, never have any issues, and then just stop paying.

We don’t always get to know the backstory.

As property owners we don’t have the luxury of not paying our mortgage or taxes.

This property was owned by a landlord whose relationship deteriorated with the occupant. They were tired of broken promises and the property was becoming more of a problem than an asset.

Instead of going through the process of an eviction, remodeling the unit, and finding a new renter they requested a cash offer after getting a letter from us.

Their prompt action allowed us to step in, purchase the home (still tenant occupied), and remove them from the situation.

The tenant who was set on making this a difficult eviction chose instead to voluntarily leave as they held no animosity towards us.

This was a win-win for everyone.

The previous owner got paid.

The tenant avoided an eviction.

We purchased a property to add to our portfolio.

If you are ready to get a cash offer simply give us a call! (515) 229-2619

Taking out a second mortgage to remodel a home prior to sale isn’t always the best idea.

The problem with remodeling a home as an owner is that you’re going to pay an inflated premium for the work.

The owner of this home found themselves in that exact predicament when they ran out of credit on their HELOC.

They still had to remodel the bathroom, put down flooring, and paint the entire home before it would pass occupancy inspection.

He needed to get out of the house and needed an expedited solution before his next payment was due.

He was referred to us by his real estate broker when he had the courage to ask for help.

We were able to get him squared away and out from under both mortgages.

Call us at (515) 229-2619 for help!

You’re thinking of selling your home 🏠 to a professional home buyer — someone who will buy your house as-is for cash and close within just a few weeks...

But how do you know you can TRUST the person or company you choose?

Here are 4 red flags to watch out for…

1. They Don’t Follow Through — If the professional buyer says they’re going to call you tomorrow… and they don’t call, or they say they’re going to show up at a certain time… and they don’t show up, that’s a scary indicator of things to come. A good professional buyer will do what they say they’re going to do, even with the little things.

2. They Don’t Have REAL Reviews — How do you know if the reviews for a professional buyer’s business are real and trustworthy? Well, someone who’s running an honest business won’t make everyone happy. They should have some positive AND some negative reviews (obviously leaning toward more positive than negative). If you can’t find any negative reviews, then something has probably been tampered with.

3. They Don’t Use a Title Company or Attorney — If the professional buyer is promising to close in less time than is even possible for title work to be done (“We close in 48 hours!”) or they do their own title work in-house, ask to speak with some people who’ve worked with the company in the past to make sure they aren’t trying to pull a fast one. We do not recommend purchasing or selling via a Quit Claim Deed.

4. They Are Pressuring You To Sell NOW — A trustworthy professional homebuyer will never pressure you to sell your house right away. It shouldn’t make any difference to their business WHEN you decide to sell, so be careful of buyers who say “This offer only stands for 24 hours!” or “I can only buy one house” or “I have other people waiting.”

If you have any more questions about how you can sell your house as-is for cash and close within just a few weeks, give us a call and we’re happy to help you out — (515) 229-2619

Were you planning to sell your house before the Coronavirus outbreak?

Well, it’s no secret that the U.S. economy is currently grinding to a halt. And many experts are predicting that the housing market is going to take a dive here in the next month as well (which means less money for sellers). 😞

Of course, there are never any guarantees of what the market is going to do. But if you’re nervous about selling your home, we totally understand. We’ve been operating in the Indianapolis real estate market for Five years and here are a few things that we’d like to share with you based on our past experience…

Do NOT Make a Decision Based On Fear — It’s never good to make a rash decision based on fear of what the market may or may not do. Historically, people who try to predict the market based on their own fear and anxiety end up making mistakes. So take a deep breath 🙂

Educate Yourself — It’s easier than ever to do your own research online and figure out what’s the best course of action for you and your family. Take advantage of that fact!

What Goes Down Must Come Up — If you’re not in a hurry to sell your home, then you might consider either trying to finish your pending sale within the next month or just waiting to see what happens. The housing market will always fluctuate and there will always be another good time to sell in the future. So if you can wait it out, then you might consider doing so.

You Can Still Sell To a Professional Home Buyer — If you want to sell your property quickly for cash, the good news is that a potential market downturn doesn’t have to stop you. At Red Gate Properties, for example, we buy properties as-is for cash in every kind of market. Give us a call at (515) 229-2619 if you’re interested in learning more about this.

Being a landlord isn’t everything it’s cracked up to be…

It seemed like such a good idea at first — you’d own one additional property, manage tenants, and make some extra cash every month.

Why not?

But then it became EXTREMELY DIFFICULT to find trustworthy tenants… repairs got out of hand… and let’s not even get started on the yard work.

It’s frustrating and exhausting...

Fortunately, you are NOT out of options. Here are some things to consider…

Interview ALL Potential Tenants — If you want to keep your property, fix it up, and rent it out, we highly recommend creating an interview process to vet ALL potential tenants. Don’t take people at face value and don’t say “yes” out of desperation. Require proof of good credit and at least one good letter of recommendation.

Hire a Property Management Company — If you don’t want to manage the property yourself but you still want to own it and potentially make a little money every month, consider hiring a trustworthy property management company. The downside is that doing this will cut into your monthly profit. The upside is that a good property management company will handle repairs, finding tenants, and lots of other things.

Sell To a Professional Home-Buyer — Maybe you’re all together ready to quit being a landlord; we totally understand. If that’s the case, give us a call (515) 229-2619. We buy houses fast for cash (we can close within just a few weeks) and we can even evict your tenants for you if you want to avoid doing that. Let’s chat!