For many people their home is their primary asset. Unfortunately for many people, when it comes time to sell that home, they discover the property is worth less than they thought it was worth due to the need for extensive repairs or renovations. Tye Glover, the founder of Invest Out, a new kind of real estate platform, says there is a way for a homeowner to come out financially ahead by partnering with a real estate investor.
In this interview, Tye explains how Invest Out's profit sharing model works, which type of properties make sense, and how both the homeowner and real estate investor are protected during the arrangement. The idea for Invest Out came to Tye out of his own personal experience when he went through a divorce and realized just how much money he would potentially be giving up by doing a quick sale with a wholesaler.
“The two things investors want most are a steady supply of good homes, and strong profits,” says Tye. “I began to understand that if homeowners were to work directly with investors, there would be no need for those investors to borrow from lenders to purchase the home or properties from wholesalers,
which means the homeowners and investors both make strong profits by removing the middlemen. By partnering with an investor, you can also have the most impactful improvements done to your home to dramatically improve its value.”
For more details on the Invest Out profit sharing model, check out the website: InvestOut.us
