Turnkey Key Options

When it comes to investing in income generating properties you really have only two choices.

• You can do it all yourself or
• You can let West Street Financials take all of the hassles out of finding you a high quality cash-flow investment property.

When you decide to work with us, service is what you expect and service is exactly what we deliver.

Because as you know, a vacant property is costing you big money.

Investment Opportunity:  5 Phase Plan For A Perfect Rental Income Property

Phase 1

West Street Financial’s experts identify and buy foreclosures in good neighborhoods. With our decades of experience identifying and rehabilitating “fixer-uppers,” we can quickly calculate exactly how much it will cost to perform the renovations necessary to bring a potential rental income property up to suitable condition. Our experts can identify whether or not it is profitable to buy foreclosures and turn it into a successful rental income property, greatly reducing the risk.

Next, our team of skilled craftspeople jumps into action. After the work is completed, West Street Financial’s inspectors will also be responsible for maintaining the property in the years to come. Because of this, our inspections are more thorough and our standards more rigorous than the competition. Within weeks, we take neighborhood embarrassments and bring them up to and beyond community standards. West Street Financial transforms rundown eyesores into attractive homes. West Street Financial never masks problems with temporary or cosmetic repairs. Our investors benefit because we eliminate or minimize future repair and maintenance expenses by doing the job right the first time. This creates a dependable, appealing rental income property.

When the West Street Financial transformation is completed, we have still committed a substantially smaller investment than what the property is worth on the market. This is the secret to our portfolio program. We can sell these homes at a deep discount to our investors and, as a result, we can finance real estate in a way that more than covers the entire cost of buying and rehabilitating properties. Clients can normally expect only loan closing fees of 7 to 10 percent.
Traditionally, when banks finance real estate they will lend between 75 and 80 percent of a property’s assessed value, this is why home buyers usually need to come up with approximately 20 percent of the value of their property themselves. When West Street Financial finances real estate, you don’t pay the market or assessed value, you buy these rental income properties well below what others would pay. This means that your mortgage loans more than cover the entire cost of purchase and rehabilitation. The minute you buy foreclosures with West Street Financial, you already have 30 to 40 percent vested equity in your property. This, however, is only the beginning of our turnkey service.

West Street Financial tenants go through two rigorous pre-qualifications processes. The first is performed by the Housing Authority itself, the second is done by the West Street Financial Property Management team. Housing agency personnel go to tremendous lengths to enroll only the most responsible working families into the rental income property program; families who truly want to succeed. Administrators of this HUD program spend the time and resources to thoroughly check the character of their recipients. From these applicants, the West Street Financial Property Management team chooses tenants after a second level of qualification and interviews. The recipient families they choose are superb tenants. The West Street Financial Property Management Team members know that protecting the value of the rental income properties, is what makes this investment opportunity work.

Because your rents are paid directly by the Housing Authority, we do not engage in one of the primary functions of most property management firms: collecting delinquent rents. In return for the assistance voucher recipients receive, they are required to take responsibility for the rental income property they live in. Administrators insist that tenants care for their homes and monitor compliance. Though violations are comparatively rare, those who do not live up to the terms of the program risk having their participation revoked.
In turn, the West Street Financial Property Management team works proactively with our tenants to solve problems before they become serious or costly. Our property management specialists inspect homes on a monthly basis, build positive relations with the renters and encourage our tenants to report issues with their homes so we can fix them before they become serious. Our team is available 24 hours a day, this allows us to work to prevent problems such as mold or infestations that might reduce the value of your rental income property. We keep your investment, and our tenants’ homes, in perfect condition.