How does BRXS select & acquire properties?
BRXS employs a highly selective and thorough 8-step process when acquiring new properties. Our goal is to combine low risk with solid returns, derived from both rental income and potential appreciation. Here’s how our property selection process works:
1. Property Sourcing
We identify potential properties through our extensive real estate network and various sourcing channels, ensuring a steady pipeline of investment opportunities.
2. Initial High-Level Review
Each property undergoes a preliminary assessment where we evaluate:
- Estimated valuation
- Projected rental yield
- Location quality
- Rental compliance
Approximately 80% of potential properties are filtered out at this stage, ensuring only promising opportunities proceed further.
3. Deep-Dive Review
For properties that pass the initial screening, we conduct a comprehensive analysis including:
- Detailed property documentation review
- Examination of permits and rental agreements
- Thorough financial modeling
4. First Negotiation
We approach sellers with fair offers based on our analysis. Less than 5% of initially reviewed properties reach this negotiation stage.
5. External Expert Review
We engage independent specialists to assess:
- Technical condition (building inspection)
- Legal aspects and potential risks
- WWS points evaluation (Dutch rental valuation system)
- Other property-specific reviews as needed
6. Second Negotiation
Based on due diligence findings, we refine our offer or confirm the original terms.
7. Complete Purchase Agreement
We work with notaries to finalize all legal documentation and complete the property acquisition.
8. Investment Preparation
The property is prepared for the platform with comprehensive documentation, photography, and financial projections to provide investors with complete transparency.
This meticulous process ensures that only high-quality properties with attractive investment characteristics make it into our portfolio, maintaining the standard of excellence our investors expect.