Realty411 Magazine Featuring Missy McCall-Hammonds | Page 102

Investment Partnerships Gary Geist Daniel Ringwald Both Gary Geist and Dan Ringwald have similar approaches on how they build and run their real estate investment businesses. You could call it Real Estate Investing Made Easy for investors that want to join them.   I by Gary Geist & Daniel Ringwald nvesting in real estate is something anyone can do and it can be both fun and very rewarding financial- ly. However, if you make erroneous decisions up front, without doing proper due diligence, you run the risk of buying serious problems with mounting costs instead of a safe haven to park your hard earned money. It is an excellent time to get into real estate and if you do, you need to have a good plan and an excellent team to support your investments long-term. the team you have supporting you and your investment than the old proverbial expression –— Location, Location, Loca- tion. Location is important, no question, but having the right team helping is just as important if not more so. Good properties soon become poor performers, then money pits and finally devastating losses if they are mismanaged. Building a solid team to help you invest is key to your success in real estate. Both Gary Geist (www.HomeReplay.com) and Dan Ringwald (www.NationalHomeBuy- ersLLC.com) are experts in building teams for investing purposes. Recently, Gary and Dan joined forces to work jointly helping investors who want to invest in the Midwest. Current operations include Fort Wayne, IN, and Cincinnati, Colum- bus, Dayton, Springfield, and Xenia, OH. Did you ever wonder why some inves- tors go broke while others who own similar properties consistently make 10-15% return on their investment every year? It has more to do with Realty411Guide.com PAGE 102 • 2014 They both have over 30 years of experi- ence each in real estate investing includ- ing single family properties, multi-fam- ily properties, land developments, and property renovations. In fact, HomeRe- play won the coveted 2013 ARCHie Award for Residential Rehabilitation in Fort Wayne, IN from the Architecture & Community Heritage organization for Allen county and northeast Indiana.. Rental properties are only as good as the property manager. Let’s face the truth - property management companies have all their loyalty fixed squarely on themselves and the commissions they make from the rental income and the overhead charges from the repairs they make to your property. In many cases, the tenants are ignored and the investor (owner) is last on the list and ends up holding the bag. This is a real problem in the world of real estate investing and one that needs to be managed by the investor himself - don’t leave it to chance or your emotional attachment to the person you met at the property man- agement company. Let them manage your properties if you must, but always reWEALTHmag.com