Bedford Ohio Duplex Makes 17%

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62 W Glendale St, Bedford Ohio 44146

Large two Family Home in Beautiful Bedford Ohio. 2 Bedrooms and 1 bath in down unit and 3 bedrooms and 1 bath in up unit. Spacious rooms throughout. Large yard with plenty of parking. Great location close to downtown Bedford and all Bedford amenities

THIS PROERTY IS UNDER CONTRACT AND AVAILABLE, GREAT CASH FLOW.   Property #’s Below:
Purchase Price ------------------------------------------------------------- $37,000
Rehab Cost ----------------------------------------------------------------- $ 33,000
Total Purchase and Rehab Cost -------------------------------------- $70,000
     After Expenses Positive Cash Flow $1000 after expenses. 
  Rent ---------$650 down unit and $800 Up unit----------------------------- $ 1450
Taxes ---$2060 a year --------------------------------------------------------- $ 172
 Prop Management ------------------------------------------------------------- $ 145
 Insurance ----------------------------------------------------------------------- $ 75
Water and Sewer ------------------------------------------------------------ $ 50
Positive Cash Flow ------------------------------------------------------------ $ 1008
 Net Return ------------------------------------------------------------------- 17% to 18 %

Why Investing in Property Is So Popular?

Investing in property is very popular for a lot of reasons. One would be the control and being able to visually see your investment. With stocks and securities you only see financial statements that read like a foreign language newspapers.  You really don't know how inventories are valued or what's in some of the expense accounts.

With all the bailing out going on are stocks really the best investment?  Little known fact is the shareholders of both Chrysler and GM lost all their money.  The Company and their pension got all the bail out money. The investors were not bailed out and lost all their investment or life savings.

That's why people are turning to Real Estate to pad their retirement and monthly cash flow.  Right now in Cleveland Ohio area the returns are superb! So most investors are getting a great monthly cash flow return. It's a buyers market right now.

When the market turns to a sellers market, the investors will have to make a decision to keep on cash flowing or sell their investment for profit.  The key in this statement is they make the decision. They may retain a CPA or Lawyer to help with the tax questions but it is still the investors decision.

Another reason real estate investing is so popular is the amount of supply of available real estate .  The prices are so good right now that investors are seeing that real estate is the best option for their portfolio.  Most search this country and the world for the best buys.

The supply of real estate is a very important factor also for the future prices of real estate.  The new home builders have not been building new homes in any quantity for 5 years.  This helps the market by lowering the inventory.  We personally like land locked areas were no new housing can be built.  Those areas never compete with the new home prices and their financing.  You still need to watch it though.

So why is it so popular?  In my estimation it is the control of the investment.  You pick it, buy it and make the decision on how you make money on it.  Brett Young Valley Realty

New Storefronts and Drilling coming to Northern Ohio

Northern Ohio is boasting of new industries and storefronts that will skyrocket this area in both jobs( high-paying) and places to spend that money. Every area has to have jobs in order to create storefronts for people to spend money in. So this week I will get some more industry that is coming into the Cleveland area and some new storefronts that are being built because of the forecast of new jobs in the Cleveland area.

 BP energy company has just announced that they will be drilling for natural gas in the Cleveland area. This is supposed to create over 4000 jobs and Cleveland area has some of the biggest natural gas reserves in the world. 15.7 trillion cubic feet to be exact. Energy is always a  great paying industry for this area for years to come. Natural Gas is one of the energies of the future and the Cleveland area has plenty of. My cousin Tina and Chris live in Perry Ohio and have a gas well on their land. They not only get free natural gas to Energizer their home but even get a little bit of money every month from the well. So natural gas is a very abundant energy and creates high-paying long-term employment. BP also set up a brand-new industry that will complement the ever-expanding base of employment in the Cleveland Ohio area.

One of the new storefronts coming to Cleveland Ohio area is in South Euclid Ohio close to Shaker Heights and Cleveland Heights Ohio. Walmart we building a 117,000 ft.² supercenter in this area. This will complement the new 325,000 square-foot mall already being built this will generate $1.7 million in taxes for the city. It will also create 300 part-time and full-time employment opportunities. So with all this new employment and storefront come into Cleveland area real estate is in high demand in this area.

 Rooftopinvestment saw is coming four years ago and positioned our clients Real Estate portfolio to include these areas. These areas cash flow right now at over 15% or more. The quality of the neighborhoods is a huge factor and the great school systems in the area (Ohio ranks 5th in the nation for schools). Time is running short for you to get in on one of the best real estate opportunities in America and prices are still very affordable. So what you waiting for prices go up?

Check out some of those we've done on rooftopvideos.com. Also wanted to leave you with a video the week. This home is in Cleveland Heights Ohio were just finishing it up so please view it and enjoy it. This home will rent for $1100 per month when completed. The cost of this home was $52,000, that's purchase and rehab. Brett Young Valley Realty