You have the opportunity to invest in a rental real estate project to ensure the sustainability of your personal assets but you do not have the keys to get started? Several options are available to you. You can define the framework of your real estate investment project yourself and call upon a real estate investment coach from time to time to complete your knowledge or to answer your questions according to your file. You can also call upon one of these coaches to accompany you throughout the construction of your file. But another possibility, safer and more personalized exists: you can choose to undertake a turnkey rental investment as with Prudenzia Immobilier, by calling upon a real estate professional to build for you and with you the totality of your patrimonial project. Follow the guide to understand how these two options work and why choosing security in real estate remains the right solution.
Table of Contents
- Real estate investment coach : what is it ?
- The mission and objectives of the real estate investment coach:
- Real estate investment coach: how and at what price?
- Should you choose to trust a coach?
- The steps where the real estate investment coach can help you :
Real estate investment coach : what is it ?
The real estate investment coach offers training or more or less personalized support programs for people who wish to carry out an investment project and whose goal is to build a real estate portfolio in order to generate additional income and to invest intelligently in real estate.
It is therefore a question of transmitting knowledge on the real estate market, tips, traps to avoid but also to better understand how to take steps with a banking institution, choose the property that corresponds to the requirements of the client, define under which legal form to build his real estate investment project, choose the right tax system or how to follow and build the project with the actors of the sale without making mistakes
The field of action is thus very broad and the knowledge that a real estate investment coach brings to you brings essential keys to make rental investment a source of regular and perennial income.
The mission and objectives of the real estate investment coach:
If you want to hire a real estate investment coach, you will find coach profiles that are sometimes very different from each other and whose offers will be very diverse. It is therefore quite difficult to find the right person to trust.
To be sure to choose the coach who will be able to accompany you perfectly, it is necessary to analyze the key points proposed by the profile of the coach.
The coach in real estate investment must be able to accompany you on a real estate market which he knows perfectly: the Parisian market is not the market of Marseilles for example, he must be an expert in his field to accompany you at best. The choice of the coach must depend on the location of your choice to invest in order to find the most qualified person for this sector.
You must then be sure to call upon a person who knows the tax system, the corporate law for investment, the banking and insurance obligations to manage your project. Finally, it is necessary to address to someone who has a very good address book if you wish to be guided and accompanied by qualified partners: promoters, brokers, bankers, insurers…
The main mission of the real estate investment coach is of course to accompany you throughout the realization of your investment project, from the choice of the property to its rental and to make it profitable. But his goal is also to sell you training and support time, hours of advice and personalized follow-up. You must therefore be careful and choose the right person.
Real estate investment coach: how and at what price?
An interesting question for people who want to invest in real estate is whether the advice of a real estate investment coach is within their budget or whether they will have to do it on their own.
Personalized support on time :
The accompaniment of your investment project by a real estate investment coach can be done in different forms. You can benefit from a punctual accompaniment with a rate per hour to simply ask precise questions and benefit from an accompaniment on very precise technical points: to benefit from tax aids, to know if you are eligible for certain State aids, to understand the reading of a sales agreement… The hourly rates of a real estate investment coach can go from $150 to more than $500 for one hour of personalized coaching, depending on the coach.
Choose to take a comprehensive training program :
You can then be accompanied over several hours with work materials as for a professional training. Depending on the theme, the quality of the work materials and the number of hours of personalized support, the rates can vary greatly, from 1200$ to 6000$.
Finally, you can also find very complete coaching courses with a coach who follows you throughout the construction of a defined real estate project: finding the property, making contact with the partners of your project, building your project legally, working with a notary, drafting and understanding legal documents such as the compromise of sale and the deed of sale, signing, undertaking renovation work, finding tenants and understanding rental management so that it is profitable In reality, it is almost like learning a real profession in its own right, which is why this type of support is quite expensive, around 10,000€ and can be quite heavy to manage. However, it is difficult to know who to trust in order to be sure to have a quality accompaniment and to have sound advice.
Should you choose to trust a coach?
By calling on a real estate investment coach, you know from the start that it is a support but you remain in control of all decisions, investment choices and all decisions taken to conclude this patrimonial investment. Your coach only acts as an advisor and is not responsible for any bad choices or decisions.
It is also quite difficult in today’s market to find the right person who will be able to guide you impartially and accompany you professionally and seriously, with assured expertise and risk-free legal advice.
If the real estate investment coach is a specialist in the real estate market, the profession is not fully regulated and it is therefore difficult to differentiate between a real estate professional and a person with limited knowledge that may not be perfectly suited to your project.
The steps where the real estate investment coach can help you :
- To define precisely the margins of your project
- Find the property with you that corresponds to your budget, your needs and your investment objectives
- Call upon our network of experts to find the financing if needed (broker, bank, mortgage insurance)
- Optimize your investment project and find the right tax solutions that can facilitate your investment
- Advise you on how to renovate, decorate and fit out your property
- Putting the property up for rent and ensuring that it is managed in good conditions
You have chosen to trust a real estate professional to manage and organize your entire project. Whether it is a real estate investment coach or a turnkey investment. Choosing to entrust your rental investment project to a professional to manage everything is therefore a wise and safe option, and will allow you to invest in the long term in good conditions.