The Who and Why Behind The Instant Investor Websites Series, Created by Option Avenue.
Nate Kennedy has been actively engaged in buying and selling real estate for over 7 years. He originally began investing in real estate individually and then within his various business entities. Nate saw a strategic opportunity in the market to expand his efforts to drive growth through establishing an investment entity in Option Avenue, LLC.
Due to the strong focus on investment & creative deal structuring, Option Avenue offers multiple unique services to its clients.
Option Avenue is in the business of locating single-family homes, and commercial real estate, acquiring them, completing necessary repairs/remodeling if needed, and reselling for a profit. Due to his extensive knowledge and education, in most instances he is able to buy properties at wholesale prices at discounts of 35%-50% below market prices for comparable homes. Certain homes are also kept long term for the company’s portfolio and long-term wealth building strategies.
Depending on the location of a property, the company may look to hold a property for monthly cash flow or appreciation or sell the property quickly for profit. Some homes are short-term financed (6 months) during the fix-up period and then the lender is refinanced out (unless they are interested in longer term financing). Other homes are financed for 3-5 years depending on those specific deals’ needs.
Most of the homes we buy, we sell to other investors at a discount, we renovate and resell, or we sell with an owner financing program.
The company’s monthly goal is to acquire and re-sell 10-15 properties each month. The company typically pays cash to sellers to attain bargain prices. To finance the acquisitions and remodeling of the properties, Option Avenue will rely on a network of private lenders to fund the projects.