Q&A with Tiffani Von Alvensleben on Investing in Foreclosure Properties

About

Tiffani Von Alvensleben is a Northern California businesswoman, entrepreneur, and real estate expert. As Manager of TKL Home Designs, LLC, she is a General Partners of The American Redevelopment Fund, LP; and cofounder of Von Vesting, Inc., where she currently serves as the CEO; and cofounder of TKL Home Designs. As well, Tiffani Von Alvensleben is the founder of Madison Holdings Incorporated.

In a tough real estate market, it takes a competitive, savvy businesswoman like Tiffani Von Alvensleben to make a go of it. A successful entrepreneur, Tiffani Von Alvensleben has a deep knowledge of the market and a unique skill set that makes her a natural. Today, we talk to Tiffani Von Alvensleben about real estate investment:

Q: What’s your current title?

Tiffani Von Alvensleben: I’m owner of Von Vesting, in Rocklin, California. We’re partnered with American Redevelopment Fund.

Q: You buy distressed properties in bulk, remodel them and sell them?

Tiffani Von Alvensleben: Correct.

Q: What’s your track record been like?

Tiffani Von Alvensleben: In the last twelve years, we’ve turned over $50 million in transactions.

Q: Wow, that’s phenomenal!

Tiffani Von Alvensleben: Thank you!

Q: How have your margins typically been?

Tiffani Von Alvensleben: Our worst year was 2002, when we had a 14% return to investors; our best year was 2008, when profits were at 54%.

Q: What tools do you use to find properties?

Tiffani Von Alvensleben: I constantly scan sites like foreclosureradar.com, bank listings and Zillow to try to connect investors with the best deals.

Q: What’s your methodology?

Tiffani Von Alvensleben: Well, we do deep research into zip codes, prices on comp properties, liens, titles, saving money on the front end…

Q: Surely your intimate knowledge of the area is of help, too.

Tiffani Von Alvensleben: I’d like to think so!

Q: What about the homes themselves?

Tiffani Von Alvensleben: We won’t come near a house that has structural problems…

Q: Is that because of the expense involved to repair them?

Tiffani Von Alvensleben: Yes, those types of repairs can get quite expensive quickly and cut into the bottom line.

Q: Foreclosures have come as a boon for you and investors…

Tiffani Von Alvensleben: They have, and there’s a deep pool of REO properties for future transactions. Some foreclosed homes are in terrible shape and suffering from neglect, but many more are only in need of cosmetic and remodeling work.

Q: How would you sum up what you do?

Tiffani Von Alvensleben: Limiting risk and maximizing profits for investors by buying distressed properties in bulk at wholesale rates from lenders!

Tiffani Von Alvensleben serves at TKL Home Designs, LLP, in the capacity of manager. With Tiffani Von Alvensleben at the helm, TKL is a general partner in American Redevelopment Fund, LP. In her community, Tiffani Von Alvensleben is an active and enthusiastic supporter of the athletic programs at Del Oro High School.

 


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