Sunday, September 30, 2012

The needs and assistance Investors need


The needs and assistance Investors need A lot of investors buy a wide range of investment properties in this market. Investors want better returns and better deals on investment properties. That is all great for your investment portfolio.

 I believe what investors should also think about is the life of their investment property and the investment real estate company they want to help them for the life of their investment. There are a lot of real estate experts out there. What you as investors have to do is make sure the company you pick to build your portfolio with, will be there when you need them to be.

I had a call from a client that need some work done on there property and questioned our maintenance bid. We looked at the quote and agreed on a price and the client was happy. The point is the property was purchased 3 years ago and the client hadn't purchased another for the same period. We were still their to make sure they were happy with our service and price. They were comforted by Rooftopinvestment being there to oversee their concerns.

Another service we offer is getting the lowest price on home insurance. We pool a lot of properties with on agent to get the lowest price. Insurance goes up and when it does we switch companies for our clients. Our company charges nothing for that and we get no kickbacks from insurance company.

We assist our clients with lowering their property taxes on their property. We have a lawyer that does this for our clients at a discounted price. Again we make no money on that service. It effects your bottom line.

 One last thing although there are many more. We have two property management services that deal with our clients only. Our company meets with them once a week to make sure the our clients properties are producing for our clients. Again we make no money on their services.

We also pay our own marketing team to market our clients properties and set appointments for our property managers. Our vacancy rate is less than 3 %. Rooftopinvestment cares about out clients returns, that means we want our clients investments to get the maximized profits they deserve.

Dealing with all these types of details is very important for the life of your property investing. Rooftopinvestment is always there for their clients. Brett Young Valley Realty

Sunday, September 23, 2012

Mistakes To Avoid When It Comes To Property Investment



I had a client who came to town but two weeks ago and was showing me some property his friend had purchased from another investment group. We went to the home that his friend had bought and paid $99,000 for it. This particular investment company guaranteed rent for two years.

That particular house would rent for right at $975 a month that would total $11,700 a year in gross rent. Times that by two for 2 years and the total is $23,400. Sounds pretty substantial if you really look at, but it isn't. We charge around $55,000 for the exact same real state without the guarantee. So which ones a better deal?

When you look at the details on each deal ours saves you 40%.  This is because of the quality tenants and the lack of inventory for the tenants. These homes usually rent before they're even done with construction. We just finished one in that area that was rented 2 weeks before it was completed.Your chances of going two years without rent is almost 0%. So let's add the numbers up and see which ones a better deal.

$55,000 plus $23,400 equals $78,400 total. So there property even if we'd payed the two-years worth of insurance(which we won't because we want to make our clients money) would still be $20,600($99,000-$78,400) more than that deal. I would say they are making out like bandits. 

There is an insurance you can get that guarantees your rental payments from for six months a year. Oh yeah it even pays to get there tenant out if needed. The total cost $250.00 a year!

So if you want to pay $44,000 ($99,000-$55,000) more for house for guaranteed rent just remember nothing is free. If you're paying for it in the total cost of your home your is probably paying way too much money for that investment property.

So when you're looking at a deal that has a guarantee on it just be aware that that is already built into the price and will cost you a lot more money than you think. Brett young Valley Realty and
Rooftopinvestment.com

Thursday, September 20, 2012

Nice Property nets $724 per month



 Large four-bedroom one half bath in Cleveland Heights Ohio. This home rent for $1100 per month with a net income of $724 per month. This home has a very open floor plan with a large kitchen, large dining room, large living room.

 The total cost on this home is $52,500 with rehab and purchase. The home also has a separate double car garage and will rent very quickly. So please call Brett at 602-363-6551 to reserve this home. We have 100% of these properties rented and cash flowing. We have over 50 properties in this area. Easy to rent because people want to live their.

Tuesday, September 18, 2012

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.

Sunday, September 16, 2012

Real Estate Market Provides great Investment Opportunities

I have been reading some news on real estate investing this morning and noticed some of the bigger players are starting to talk. For example Donald Trump is saying that real state is better investment than gold right now. With the price so low what he is saying is right (if you look at the cost to build these homes).

Some of the stuff we buy is as low as eight dollars a foot. If you look at the cost to build a home that's almost 7 times less than building a new property( $50 dollars per square foot to build new average). Not only is that a hedge against inflation,  you can't even build for what we pay for these properties. These are very high quality homes that you want to build if you could. If you built the homes we are buying in today's market you be looking at $75 – $150 per foot if you consider the fine wood floors, antique wood molding, lead glass windows, and so much more updates including China cabinets made of antique wood, lead glass doors in most dining room areas. You can't get this stuff anymore and the prices on them today will probably be never be seen again.

The fact that the market is so affordable as far as the value for these properties is because of the change in lending and appraisal requirements.  They are already talking changing the lending rules and we will see a big change in prices of real state. It will be a 15% – 30% gain in value only because of the simple fact there will be less inventory to buy and the cost to build new properties. You have to remember this market is almost totally investors right now buying very good deals. You have the most savvy, informed type investors in market today.

So when the retail market becomes back basically people who want to live in the homes for the rest of their lives than the prices will surely go up.

 I remember in 1985 I started buying condominiums in the Mesa Arizona area. I was picking up condos for right around $15,000 – $30,000 (that was $20 a square foot then) for three to four-bedroom condominiums good areas. They were not highly desirable areas like we have today they were just decent areas. I rented these properties out for between $550 – $700 per month. I remember my first one in Mesa Arizona my partner Kurt and I had just finished up remodeling a four-bedroom condominium. We ran an ad in the Arizona Republic (there was no Internet in those days) and we had a line of potential tenants by our front door the next morning. We knew then that the marker was right to start buying these properties. In fact we purchased 10 condominiums over the next few years. They later sold for an average of $80,000 per property.

 So as I always say you look at the quality of the real state in the area that you're buying in at these ridiculously low prices per square foot. If you can't build it for that then eventually the prices will go up to that at least whenever the market turns. In buying properties at an average of $10 – $15 per square foot in costing at least $50 a square foot to build you do the math. Brett young Valley Realty Rooftopinvestment.com

Thursday, September 13, 2012

Sold Out Investment Real Estate

Hot Buys Sold Out!

Our inventory has sold out this week! The good news is that we are getting more properties as you read this ad. Currently we are bidding on multiple properties for our clients. So this weeks ad is to get your going on Real Estate investing. We are in very exciting times to be a real estate investor. So sign in below and get going today. Also watch this weeks video the of one we just purchased. Act now before it's to late! Click here to get more information   New program to start flipping properties has begun. We have a few select areas to purchase flip areas that make great money. If you are interested in flipping homes then you need to get on this list. I will send you one we just sold and the details. We are currently working on 2 new flip properties in Lakewood Ohio and Rocky River Ohio. So sign in below and get on our list to get going in flipping real estate.  

Sunday, September 9, 2012

Having a Marketing team for cash flow is everytthing



When I first started doing cash flow properties in the Cleveland area I quickly figured out that marketing a property can mean top rent or average rent. You're probably wondering what I'm talking about? There are like companies that claim to be investment rules they companies that do not understand that marketing a clients property is just as important as a purchase of the property. See a lot of property management and investment companies that place a sign in the front of the investor property and also put on the MLS.

 You have a great example of one of in Euclid Ohio. We had started construction on a property at 299 E. 208 Street. The property next door was of for rent we started construction, the construction took four weeks in the property still wasn't rented. We started marketing our property right after the third week of construction. So the home was not done yet. We had a rented for the top rent of $1050 per month. Afterward don't the property and the tenants moved in the property next door still was not rented.

 That is why it is crucial to make sure that you have a good marketing program to make sure your property gets cash flowing very quickly. We have a staff of marketers that syndicate to 21 websites every day to ensure that are properties not only get the top rent to get the best quality tenants available in the market. Appointments are made daily and our agents show them every day of the week until they are rented. That is why we have less than a 3% vacancy four properties. Most of the time we have our properties rented before even done with construction. I've set a linkup of three properties that we currently have under construction that already rented. Check out the videos and see how far along we were.

Click here To view video 1  Rented for $1525 a month

Click here to view video 2  Rented for $1525 a month

Click here to view video 3 Rented for $925 a month

Making your investment property be seen by more potential tenants gets the top rents.  Buying a investment property is really pretty easy. The hard part is keeping me property in budget for construction and getting the property cash flowing ASAP for top rents. That's why we have a state-of-the-art cutting-edge marketing program in our company to ensure our clients did just that. Brett Young Valley Realty Rooftopinvestment.com

Wednesday, September 5, 2012

Investment Property Returns

Look at the Recent Success and older success of the Investment Real Estate that we purchase for our investors. No CD courses or slick sales people. Just great returns and professionally managed Investment Real Estate. Watch this Video and see for yourself!

Monday, September 3, 2012

Look at our Latest Success

This four-bedroom 1 1/2 bath home in Cleveland Heights was recently rented for $1100 per month. Has an oversize lot with the double car garage and as you'll see in the video was completely rehabbed.

Take a look at the extra care that was taken to make this house look fabulous. We had a cash renter that love the home. As an example of an area and a property that people want to live in because of the great school systems, shopping, and other amenities the go along with a nice area. The return on this property was 16% that is not including the equity position.

So if you're tired of getting the cheap homes for people have to live with it the more affordable homes that we sell that people want to live in. Brett Young Rooftopinvestment.com

Sunday, September 2, 2012

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