We have very strict requirements for the types of properties we want to put under contract. Due to these strict requirements, hundreds of deals need to be evaluated by our team.

From the time we put a property under contract until the closing day, there is a lot of due diligence and other actions that need to take place. We comb through the financials, walk the property, find value plays, get rehab quotes, develop a business plan for the property, secure the financing, and close the deal.

This is the usually the longest part of the process. Depending on the size of the property and the amount of work that needs to be done, the rehab phase can take anywhere from 6 months to 2 years to complete. This includes cleaning up the property, updating units, and fixing any structural issues.

As each unit is updated and ready to rent we put our unit up for rent at max market rent. Potential tenants undergo a strict screening process and a new tenant is chosen. This increases our monthly income and improves the value of the property. After filling up all vacant units

This is the day all of our hard work pays off. On this day we will refinance the property with a preferred lender and return principal and accrued interest to the investors. At this point, investors have no money in the property, but they still have an equity stake. This means investors in the deal will continue to make money on the property every single month.

The snowball effect comes in to play here. After the refinance of the property, investors have their initial capital plus interest back in their pockets, and Heartland Real Estate, LLC has more money to use on deals or staff. This allows us to all repeat the whole process on bigger and bigger deals.