Who Are We?

Lake FX Properties, is a professional, full service real estate solutions firm that buys and sells properties throughout WNY. We specialize in buying distressed homes at a significant discount, and renovate and resell them to retail home buyers and landlords. 

If you are a general contractor with high ethical and work standards who is looking to develop a long-term relationship with a well-established real estate development firm that will provide you with a steady stream of work and pay you a fair price for the work you do—when you complete it, not weeks or months later—then we are looking forward to meeting you soon.

SHORT TERM GOALS 

Our short term goal is to aggressively expand the presence of our business in surrounding markets. Our current annual projection is to renovate four to six or more homes a year and acquire a new rental property. Rehab budgets on our projects range anywhere from $5,000 on a rental property to $250,000 on a full rehab. Typical project timeframes generally run from 3-6 months. Our goal is to turn around our projects at a rapid pace so we can get paid as quickly as possible and use those profits to immediately start on the next rehab. This ensures that we and our contractor teams have a steady supply of work.

What this means for you is we will create a growing stream of rehab projects for our contractors to work on long into the future, providing our affiliated contractors with a reliable source of projects for many years to come.

INVESTMENT & REDEVELOPMENT STRATEGY

Our business strategy—which has proven to be very successful for us—is to purchase undervalued 1-8 unit residential properties, renovate them to a highly desirable condition, and sell these properties directly to single-family homebuyers or investors as quickly as possible after completion.

Community vision

We actively strive to increase homeownership opportunities within the communities we redevelop, and improve the quality of life for the people who live in them by providing quality homes for a reasonable price.

We work hard to create positive and productive mutually beneficial relationships with our affiliated businesses and contracting teams. We strive to assist in the business development of our contracting teams with a goal of mutual growth and continued, long-term success. The use of our proven construction rehab system results in a more predictable and efficient process which consistently creates a superior product and increased profit for our contractors. 

Here are just a few of the benefits of working with Lake FX Properties:

WE LOVE TO PAY OUR CONTRACTORS

Let’s get this straight right up front: Unlike some companies you may have worked with in the past, we love to pay our contractors. Really. We know you’ve got a business to run and bills to pay—so do we. We understand that when you complete a payment milestone that you want to get your payment as soon as possible. And we know that it’s in our interest to have a committed, happy contractor as a partner. So we will pay you—and pay you promptly—as the work is completed in the stages laid out at the onset of the project.

A STEADY STREAM OF WORK

Our business strategy is to purchase distressed residential properties, and then renovate and sell them to retail homebuyers and landlords. We have a dedicated acquisition team constantly scanning the market for properties that meet our investment profile.

Our acquisitions specialists only get paid when we purchase a home, so they are highly motivated to find properties giving us a steady supply of projects for you and your team. We also work with a national group of investors who provide us with the funding we need to finance our aggressive approach to buying, rehabbing, and selling properties in short timeframes. This resource of funds allows us to buy properties quickly and consistently.

An ideal contracting partnership consists of four main components: a consistent work ethic, superior workmanship, maintained job sites, and a passion to achieve a high-quality finished product.

the ideal fit for us

We’re looking for professional contractors who have high standards, with a team of reliable subcontractors who do quality work, and who have been in business for some time—with the track record and references to prove it. Here are some things we’re looking for in our contractors:

• Fully licensed with licenses up to date. Same with their subcontractors.

• Insured—including worker’s comp, liability—with a minimum limit of $1 million.

• Been in business in the area for at least three years.

• Has a consistent crew of subcontractors.

• Keeps worksite clean and maintained.

• Can provide a list of references, with current contact information.

• Belongs to the Better Business Bureau or one of the national associations of builders or carpenters.

• Provides written warrantees of a year or more for their work.

• Is structured as a corporation or LLC.

• A reputable company with no history of lawsuits.

• Has financial resources—able to float material cost until work is complete and ready for draw.

 WE WORK ON VOLUME

Our strong financial backing allows us to aggressively pursue multiple homes every month through our acquisitions department. The fact that we work on this volume will keep you and your subcontractors busy throughout the year and ensure that you get paid quickly and consistently. There’s nothing worse than losing good subcontractors because you can’t keep them busy. When you find a quality employee, just like us you don’t want to lose them. Our steady-volume approach will save you from headaches and hours wrapped up in finding and having to train someone new.

How We Operate

We are experienced, ethical real estate professionals, with a very high level of organization as a result of the proven system that we follow for our projects. Our approach makes our contractors’ lives easier because everything is clearly laid out, ensuring everyone is on the same page from the very beginning. You can focus on what you’re great at—contracting—and we can focus on finding more homes to renovate.

Taking the Next Steps

WORKING WITH US

If we haven’t already, it’s important that we sit down and discuss the potential ways we can work together. Once you give us a clear definition of what your goals are, we can present you with any opportunities that fit that criteria. 

Contact us today!

(Email) Lakefxproperties@gmail.com

(Cell) (716) 464-2529

(Web) Lakefxproperties.com