Another Success property

This property is finished in past inspections through the city of Maple Heights. We already had this property rented at $925 per month before was even finished. The cash flow on this property is 16%. As you'll see in the video the house was totally remodeled including the lights, plugs and switches, paint duel, flooring, in front porch.

Our houses are in very quality areas and have high quality tenants. This is very important so your monthly checks are very consistent. Remember we by areas people want to live in not that they have to live in.

Making Mistakes can be costly

Making mistakes and investment real state can be costly. I had a couple from Singapore that had some flyers they had picked up in there country that had some houses that were very cheap. The flyer said that they would rent these houses out for $600 per month and net around $400 per month.

The flyer also said you could purchase these homes for $1000 – $5000 before rehab. The house on the flyer was not taken from the neighborhood they were discussing. Our team took the Singapore gentlemen to the home on the flyer. He could not believe his eyes how bad the area really was. He also had another city he was investigating at the same price that had similar results after he viewed the area.

When you're looking at buying investment real state there are a few things you need to look at before you purchase anything. First I would look at the neighborhood and the amenities in the neighborhood that would make people want to live in that area. For example in Cleveland Heights area that we purchase properties in, shopping is plentiful and they are even building new shopping areas. They also have great restaurants and coffee houses to frequent.  The School system is also a big factor in renting or selling a house.

The second thing I would look at is the rent rates in the area your looking at. A $600 per month rental property will probably not be in the best areas if you look at the rental rates in our area the Cleveland area. We  purchase real state that rents start at $950 per month and go all the way up to $1450 per month. Think about the difference between a $600 month tenant and a $1450 month tenant? You would probably have a better quality tenant at $1450 a month then you would $600 per month.

The third thing would be equity position or the selling position you would have when the sales market returns. Generally speaking in the areas that are distressed and much cheaper people generally have to live there. You want areas where people want to live that makes it a great selling area. So let me be clear when you're in a poor part of town people do not want to live there, but if you're on the middle to upper middle class area people do want to live there. This makes the middle to upper middle income area much more attractive to sell.

The last part of it you need know is that in the lower income areas the tenants are not as high a quality as you the better parts of town. This usually means that your property manager and tenants will not be performing on a consistent basis. This severely limits your monthly checks and profit that you purchase the property for. We have properties in the better areas  that tenants have been in for up to four years. The reason they are there so long is because they want to live there. School systems, amenities, shopping, dining and other activities make for great tenant.

One last quick tip when you're looking in areas to buy a property in, make sure to look at what type of stores are there. I usually like to see franchise restaurants and stores such as Walmart, Target, Macy's, Sears etc. etc. So make sure the area you're wanting to buy and is an area that people want to live in not that they have to live in. Brett young Valley Realty www.Rooftopinvestment.com

Just finished success cash flow property

Here's one of our recent successes, I want to start sharing some of our homes and duplexes and what we rent them for. You can always advertise what you may get form the we like to show that we do get that for them. We also finish our homes in a quicker time for real estate investors so they can start cash flowing ASAP.

This particular duplex is and Lakewood Ohio was purchased on June 28, 2012 and was finished on August 5, 2012. The downstairs unit was rented for $675 a month is a two bedroom unit and was completely remodeled as you will see in the video. The second unit upstairs is a three-bedroom unit and it was rented for $775 per month. Grand total on this one is $1450 per month rent. That's a net cash flow of $952 per month and a 16% annual return on your net proceeds. That is after property taxes, property management, and insurance.

So you can see we get these homes done both quickly and fine quality tenants in a very high quality manner through our special marketing program. So if you want a great cash flowing property these are the types of properties we seek out for and get on a weekly basis. Check out the video below this is the after video and see for yourself the quality of real state Rooftopinvestment.com sales to our clients. We generate 15% or better on our net returns. A lot of competitors advertise gross returns which really are not any return all. The net proceeds on the bottom line and that is what goes into your pocket. Brett young Valley Realty Call 602-363-6551