Worlds Greatest Real Estate Investment

Get all your details done on deals

There are a lot of different things that need to be accomplished when your doing an investment property. The usual stuff is buying, closing, and getting the property ready to profit for you.

Their are other items you must consider when doing a property. For example make sure you or your contractors have the right permits. I have a home we are currently doing that has 7 permits! These must be pulled in order to get the home finished. On this particular home I had to go down and meet with the building commissioner to talk about an inspector who I thought was unreasonable. The building commissioner was a great guy and sided with me and we got the permit fulfilled! Sometimes you need to do this to save you or your client a lot of unnecessary money.

You will also need to know prices of items that go into your investment property. Example I bought a heater and the installer was really high on his work (price wise). I called him on it and explained what we were willing to pay for that installation. He agreed. Saved my client a couple hundred dollars. It all adds up at the end of the deal.

If you are an out of state buyer require that the contractor/Realtor send you videos on the progress of your property. I load all my clients videos/pics up on Rooftopvideo.com so not only can my clients see the videos, but people they know. The videos are also a great resource for insurance claims and helps with the he said she said scenario's.

The videos also help you with the history of your property and could be a great marketing tool for when you decide to sell your property (for a rental property).

The last detail I want to talk about is lawn care. Our company recently hired a yard improvement company. That really makes a difference on the look of the investment property. Especially in the summer time in Ohio. He simply puts some mulch and flowers in. Then he trims the yard and the bushes. Wow! that really makes a difference and can help your investment property really stand out from the crowd.

These are but a few things that are important in doing all the details on your investment property to make the most money on your portfolio. So remember to keep those in your mind when doing an investment property. Brett Young Rooftopinvestment

Thinking of the life of your investment

I hear of a lot of investments that investors purchase. They get a great deal on a property and then try to figure out the details. Rehab cost is usually the first obstacle, getting reliable people that will get it your rehab done and done to your specifications isn't always easy. You must also keep it in the budget that makes sense for the property. The proper paperwork is need to ensure that they will not lien your property after construction.

You need to find the right areas to purchase in also. I personally always look at the retail, Schools, and vehicles in the area I'm considering. I do not like any boarded up properties at all in my areas.

For example Me and my clients buy in 5 different areas. They understand what the sales price, Option Price, or the rental rates in each area. We look at the taxes also in each area. All the above considerations have also been established.

Some investors get to this point, and then try to figure out they need some kind of property management for their investment. This can very time consuming and can cost you a lot of profit if your not with the right company. I would ask for references to at least see what their clients think of them. Always check to see if they are licensed in their field(Property Management).

Maintenance and upkeep are a virtual part of keeping your property healthy and getting the top rates in your area. Heaters, Plumbing, Roof, and general up keep is needed just to name a few things. Understanding the cost and keeping it reasonable is a very important component to you cash flowing. Unless you have 50+ properties you will need to hire new maintenance people for each new problem that arises. Make sure you have researched and checked these contractors out before you have a problem in that area. Understand their quality, Price and how long they take on getting items repaired.

What type of up keep cost will you have as the property gets older. Paint, windows and blinds are a few things. Keep all this in mind when you buy a property. This will cost you some money. That is why our company demands high cash flow properties with low maintenance. We have over 100 properties and make sure our cost are quality are controlled.

Keeping your properties updated at a reasonable cost makes you a great return for years to come.

One last thing make sure that your cash flow is 18%-24% on your investment properties. Having great cash flow really puts money in your account and you will have plenty for any up keep you may need. For example we just did a home that had a total cost with rehab of $40,000. Our client cash flows $600 a month net. That's $7200 a year! Wow that's great cash flow that they can bank on!

Planning for the life of your investment keeps you cash flow coming in over many years. Isn't that what is all about. Planning is a key component to your success in the real estate investment game. Brett Young www.Rooftopinvestment.com

Worlds Greatest Real Estate Investments

Investors are always looking for the best investment real estate deals. They search the globe for properties that cash flow the best. Looking for these types of investments require time and energy, that is really the only way to find deals.

Finding the greatest investments requires a full time effort. Whether you hire someone to find your investments or you do it yourself it's a full time effort to find the best deals. Example: 58 Charles in Bedford Ohio a residential home that we had looked at 30 days prior. Liked the property but felt it was to expensive to buy at the time.

We got alert one morning that the home had been lowered to $22,000 which was a steal! We immediately put a bid on it and received it.

There were 6 other offers on the table for 58 Charles and we got it......you ask how? Our group of professionals personally called the sellers agent and followed up until we had that property secured.

Another example is 785 E 156th St. This property is a duplex. It was an estate sale and the seller knew we might like this property. They called us and we met them at the property. This property had a very high cash flow and was at the right price. We secured that property on the spot. We purchased that duplex for $20,000.

So finding the Greatest Real Estate Investments isn't just looking for them, but being their when you need to be. Some properties only available for an hour! The greatest properties go very quickly, and most investors never see them.

Yes you can find lot's of good real estate deals out their right now. Finding the greatest real estate deals is harder to do, but really makes a difference on cash flow and equity position.

I will be going over the backup system you need when your wanting to make sure your cash flow continues on your investment next week. If you want to see these properties go to Rooftopvideo.com. Brett Young Valley Realty

Lease Options Updated