Now is the time to invest in real estate. Whether you are thinking about getting started investing or have been investing for many years, we are confident that you will find our team a key part of your future.
What We Offer
We sell properties to 2 types of investors:
- We sell properties that need work. These properties are primarily for the local investor that has the ability to do the work themselves or has a good construction crew in place.
- We sell properties that are already rehabbed and rented. These properties also work well for the local investor and are what most out-of-town investors want.
We don't disappear after the sale. Regardless of which investor you are, we offer property management after the sale. You can be as hands-on or hands-off as you want. We will offer any advice or consultation you would like if you want to manage your investments yourself or we will handle all of the details and you can go on about your normal life.
Check out the About Us section of the website to see who you will be dealing with.
Why HomeWorks?
Here are some of the reasons that you will want to work with the HomeWorks Team:
- We love real estate and have our own long term holdings
- We are honest and value integrity
- We only sell houses that we would hold ourselves
- We will be upfront and tell you that real estate is not "get rich quick"
- We will be in this area selling real estate for a long time (and our kids after that)
- We know the areas that we buy and sell in well and concentrate in a small area
- We are easy to work with and have a simple process
- We provide property management for a small fee exclusively to investors that have bought our properties
- All properties offer good cash flow that could increase if legislation is passed for property tax caps of 2% of assessed value on rental properties
- We have bought and sold over 1,000 properties and continually sell 10-15 per month
- When you have problems with real estate, and they will occur, the HomeWorks team will be here to deal with code, tax appeals, maintenance, or whatever else might arise
- We will spend as much time with you as you need to get comfortable with real estate investing
How We Sell
We make the process very simple. We put in over 100 offers a month to get our 10-15 properties. We buy at a price where we can consistently pass along good deals. Our properties sell quickly and normally in packages so the inventory list changes often. Please act quickly if you are interested in a property.
We have an inventory list that clearly marks 1 or 2 prices depending on the status of the property. There will be a wholesale price if we have not yet rehabbed the property. This is the price that we would sell it to an investor that wants to rehab the property themselves. The rehabbed price is the price after the property is rehabbed and a tenant is placed.
Please understand the following regarding our sales:
- Our prices are non-negotiable. We set the prices to reflect a fair deal so that you can make a decision knowing the true price upfront.
- You will get a clean title with all of our properties.
- Our prices include all taxes paid as of the last tax bill. We do not offer tax pro-rations. Taxes are due in May and November so if you buy a property in April the taxes coming due in May will be your responsibility. We have set the prices to reflect this policy (in another words we could slightly raise the prices and pay the taxes but we want to keep it simple). Please contact us if this is confusing.
- On a cash deal if you put down 100% of the purchase price as earnest money we will pay all closing costs.
- If you buy a property that is not completely rehabbed or not yet rented we will offer a guarantee date where it will be rented so that you will not have to worry about rents not coming in as we will cover them until it is rented.
Pre-Buy Program
You will see the section on the inventory list that says coming soon. These are properties that we are scheduled to purchase within the next 30 days. We offer a special pre-buy program for these homes if you put down 100% of the purchase price before we purchase the home. Because we have no money out of pocket on these programs we offer the following:
- We will offer a 1 year rent guarantee beginning 45 days after you put the money down. If at anytime during the first year this home is not rented we will pay the rent. For example if you put money down on a property on June 15th we will attempt to close, rehab, and rent the property by August 1st. If it is not rented then we will write you a check for the rent.
- If you are not satisfied with the property within 30 days after it is rehabbed we will refund 100% of your purchase price.
- If in the unlikely event we do not close on the property we will refund your money plus $1,000.
We also offer short term financing of 6 months or less if you want to purchase a property and rehab it or if you want to lock up a property while you work on financing. You must put down 10% and finance charges will apply. Contact us for details.
Getting Started - Your Next Step
Local to Northern Indiana
If you are close to the South Bend area then we would invite you to come to our office and meet us. We would be happy to spend as much time as you want to help you get comfortable with real estate. We will NEVER put pressure on you. If real estate is not right for you then we want you to find an investment that works for you to build wealth.
Our office is located Here:
Someone is always in the office from 9-5 on Monday - Friday and usually before and after those times. We can meet on weekends if you give us a call. Check out the About Us section for each of our contact numbers. Feel free to contact anyone on the team.
Out of Town
There are many out of state buyers buying property in the South Bend area. The properties are relatively cheap while the city of South Bend and this area remain attractive with lower unemployment than the national average, a low cost of living, and the University of Notre Dame as an anchor.
Although you will be able to do some research online and look at our inventory list, most likely you will want to visit and see the opportunities for yourself. Please contact us about arranging a visit. You can fly into South Bend Regional airport and in 1 day you will be able to get excited about what we have to offer. We are confident that you will like what you see. If you fly in we will take $1,000 off of your first purchase to offset your travel expenses.
