Frequently Asked Questions

Question

What do you mean by turn-key investing?

Answer

Turn-key investing refers to an all-in-one process for investing in real estate. The Peak Group handles all of the key areas for you: the rehabbed or newly built property, the property management and maintenance, the strategy help, and guidance through the whole process.

Question

Do you work with people investing 1031 Exchange money?

Answer

Yes. We have worked with a number of investors who are placing investment funds into the DFW market. We understand the importance of timing and communication with your 1031 Exchange Administrator and your lender.

Question

Why did you choose DFW?

Answer

There are three things that set DFW apart from other US markets and these are the reasons we moved our families here: 1. Market stability--the most important element in market choice is what happens in down economic times. Will I lose significant value, tenancy and top line income? In DFW the answer is: No, at least when you look at the most recent recession. 2. Asset appreciation--our market is appreciating, a key component to building wealth in real estate. 3. Cash flow--all of our properties cash flow. When you combine cash flow with appreciation and the stability of the DFW market. No other market in the US compares.

Question

Do you like single family homes or 2-4 family homes better?

Answer

We like both for different reasons which make single family residences a better choice for some investors and 2-4s a better choice for others. We would be happy to discuss the pros and cons of each.

Question

Am I better off owning one property free and clear or owning more using mortgages?

Answer

Our money is on OPM (Other People’s Money)! Using leverage gives the investor more opportunities for appreciation which is the medium and long term wealth builder in real estate. That doesn’t mean we don’t work with cash buyers, we do. It is just that our bias is toward utilizing mortgages if it makes sense for the investor.

Question

Is DFW a good rental market?

Answer

Yes. We chose DFW because of the characteristics of the market. Here are two important factors: 1. Ingress--there is a new resident moving into the Metroplex every 6 minutes. 2. More renters--our market has a higher than normal renter rate, possibly because so many people are moving in.

Question

What is the best way to learn about your process?

Answer

Click the Get Started button at the bottom of any page on our website. You will receive a series of short emails with videos that explain our process. When you’ve seen these you can set a time for an in-person meeting or call and we’ll answer your questions and help you get started.

Question

Why do you do a higher level rehab than most rental houses?

Answer

We do “sale ready” rather than “rent ready” rehabs. Here are our top three reasons: 1. Lower maintenance costs--higher level rehabs tend to prevent as much maintenance, especially in the first few years of ownership. 2. Higher top-line revenue--We can normally charge around $100 more for our rehabs than a typical “rent ready” house. 3. Exit strategy--When it’s time to consolidate your gains and sell you have a property that can be marketed to investors AND homeowners.

Question

What kind of neighborhoods are your homes in?

Answer

We buy typical properties in B and C+ neighborhoods. These neighborhoods give better appreciation opportunity than others. They are normally 3 bedroom, 2 bathroom homes unless 1 bathroom or bath and a half homes are common for the area.

Question

If I am ready to buy today, how does the process work?

Answer

After you understand our system and have all your questions answered, we will want to get lending approval or proof of funds and then discuss the type of property or properties that you want. We will show you what we have in our inventory and talk about the timeline for acquisition. From there we will put the property(ies) under contract and work toward closing, keeping you informed throughout the process.

Question

How do you qualify tenants?

Answer

Qualification is more “art” than “science” and involves a look at the potential tenant’s entire picture. We utilize background checks, rent history, income evaluation and credit checks. Because of the importance of this process, each tenant selection is made at the highest level in our company.

Question

What is your normal lease term?

Answer

Our typical lease term is one year. This allows the investor to move the monthly rent up in steady, smaller increments than if you use a longer lease. We evaluate market rents prior to renewal and make recommendations prior the lease end. We also handle communication with the tenant toward renewal.

Question

Do you have your own maintenance people and how does that work?

Answer

We do have our own maintenance staff who handles all but the very specialized maintenance and repair work. This keeps costs down and control up!

Question

Why am I required to use your property management?

Answer

Our package of services includes property management which is a key part of keeping the entire process hands-free for our investors. Our services go beyond “typical” in our market, but are very competitively priced.

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