Acquisitions
IRC professionals have been buying and managing properties and producing annual net profits well over 7% since 1978. Intelligent buying, excellent management, and preventive maintenance are the three keys to high long-term returns. IRC has decades of experience in all three areas and offers all of their services to investors and individual owners.
Before buying an investment property, all income and expense figures are verified, and a detailed inspection of the real and personal property determines the condition, age and useful remaining life for each item.
- The cost of improving the property to best feasible operating condition is estimated and included in the capital acquisition cost.
- The amount of a reserve fund sufficient to ensure that all Maintenance, Repair and Replacement (MRR) items can be paid when needed, is calculated.
- The purchase value to the buyer, depending on the net return required, is then determined.
IRC provides these figures to the buyer and, if instructed, proceeds to make the offer and follows through to closing. IRC can then rehabilitate the property as planned, within the cost estimates already provided.