Another Brett property story

Buying investment properties can be challenging and sometimes scary if you do not know what your doing.
I had purchased a home in Mesa for a client. The home was a 3 bed, 2 bath home with a pool. We brought our contractor in and started working on remodeling.
During this time we brought in our pool guy to get a quote on the pool. The quote came in at about 3 times the cost of a normal pool resurfacing.
We got a second quote and again the quote was 3 times the cost of our usual quote. With further investigation we discovered the problem was pine trees roots. The roots were literally lifting the pool up out of the ground.
Pools usually bring about $8k in value for appraisals in Arizona. The cost of this pool was $11,500, which was more than it was worth. So we decided to bury the pool for $2500.
After trimming some other costs, this investor still cleared about $8,000 on the property.
The moral to this story is, make sure to allow enough financial wiggle room to cove the unknowns that come-up from time to time. That will ensure you make money on every deal.
Brett Young - Valley Realty http://www.rooftopprofitmax.com/

Creating your own economy

The first thing to consider when creating your own economic stimulus is how much money you need monthly? How much does it cost you to live every month? Remember to include your must have’s; car payment, mortgage, food, toothpaste etc. Do not forget cable, savings, the second car, your vacation budget too. This is the number you need for cash flow.
Next, determine how many properties are needed to reach that number. Example: 10 properties in the selected Midwestern cities. Average cash flow is $300 a month which multiplied by10 equals $3600 a month or over $42,000 per year.
The average equity is 25-70K per property. So you have between $250,000-$700,000 total equity. Equity is your nest egg. It is like a savings account that can be tapped into through re-financing, sale or lease option. This is the money that can be used for those special and unexpected costs.
This is a great cash flow and economy booster for you. As you can see, a fortune can be made in real estate doing it this way.
All of the above numbers are based on actual appraised values and neighborhood comps. Get you economy going today. Don’t wait. The sooner you start, the sooner you will have a strong financial future.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Why buy out-of-state?

People often ask me, “why should I buy income properties in other states?”. Hear are a few reasons why I think it is a good idea:
Price sometimes limits the neighborhood in which you can buy. Other States offer quality neighborhoods with great schools at surprisingly low home costs.
Also, the cost can be is less for better quality homes. With nicer homes in better areas comes better equity positions. The key here is the Point of Sale requirement. which is limited only to certain locations.
It is also important that the area offers higher rents with more tenants. We look for 35% to 45% renter population.
Quantity of product is also essential. The more properties you have to choose from, the better chance you have of finding that “gem”.
Also buying in other states amortizes your risk. Real estate tends are cyclical and regional. The more areas you own in, the more secure you will be in your success.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Why buy real estate?

In today’s economic state there are very few investment options that leave the control in the investors hands. The stock market allows ownership in a small percentage of a company at a price that is determined by the public. This company, usually a large corporation, is run by a high priced CEO that may or may not have your best interest in mind. As we have seen lately, they often do not.
Real estate on the other hand allows you much more control. Sure the economy influenced the real estate market, however, because you are the CEO, you can take immediate action to ensure your company’s success. You can rent, lease option, sell, wholesale, take on a partner and much more. The key is that you are the boss and in complete control of your investment company’s future.
With ownership comes responsibility. When it comes to real estate investments, knowledge is king. And where you gain that knowledge can mean the difference between just turning a profit and building real wealth. It is very important that you learn from experienced pro’s who make a career out of making you money. These experts can also help you put together a team of professionals who will help you build a solid portfolio. It is very important to use the right realtor, contractor, property manager.
That is were we come in. Rooftop Investment was designed with investors in mind. We take the guess work out of real estate investing through our unique program. Everything is done for you. Our properties are pre-screen for profitability. You will know the total costs and income potential going in. You will also have access to our qualified team of professions who will help you each step of the way, from the purchase transaction through rehab until tenants occupy your property and you are receiving your monthly cash flow.
Today, more than ever, real estate is the best way to secure a solid financial future. Interest rates are at a 30 year low and home prices are extremely affordable. (Our homes range from $25,000 to $45,000 including fix-up). Remember when you decide to take charge of your financial future and become you own CEO, be sure you employ the right people to ensure your success.
Brett Young http://www.rooftopprofitmax.com/