Setting up for wealth

We are in an economy that is set up to create massive wealth. There are less buyers and more properties. This sets up an opportunity for wealth.

I been investing for 25 years and have seen some up and down markets. I've bought in all of them, and prospered doing it. With the right mindset and the right people, it is not difficult to build wealth.

I prefer lower priced homes in good areas. These homes need to be in larger cities with strong rental markets. I believe the more people, the greater the demand will be in the future.

Buy a home now, and get a great monthly cash flow. Then when the market turns (and it will) you have the option to sell for a profit if you want or just keep pocketing the cash flow. My wife and I own 28 rentals, and don't look to sell them anytime soon.

Imagine buying these lower priced homes for $35,000-$45,000 with $400+ cash flow per month. The longer you hold them the better your equity and as you pay down your mortgage, the better the cash flow. The rental market will always be present. People will always need housing. Rooftop Profit Max does over $60,000 a month in gross rent. These are very affordable homes in awesome solid family neighborhoods.

You may even consider moving into one yourself! I mean, wouldn't it be great to not have a mortgage payment? Or at least a low mortgage payment! This is the time to have a very nice home for the most affordable prices in our lifetime. How does both wealth and freedom sound?

So keep in mind that building wealth is great, and doing it in this market with less competition is easier then doing it in a good market when everyone is doing it. Having the right tools and people, and buying investment property in the right area can make investing a great opportunity for you in this economy. ~Brett Young, Valley Realty www.rooftopprofitmax.com

How to make sure you have a legal real estate deal

There are a lot of different real estate deals to buy REO,Bank Owned,Freddie Mac,Fannie Mae,Hud etc. Their are also tapes,wholesale and owner owned deals. With any real estate deal their is a way to do them all safely.

When you have any deal make sure that the property is going through escrow and has a clean title. This means that there are no leans, and they have a full history on the property. They also act as a dis interested third party to help close your deal. They are also a licenced company and have are regulated by banking rules.

Their are also people who sell multiple properties called tapes. These are very dangerous to buy if you don't know what your doing. They usually do not want to run these type of properties Thur escrow. They may seem like a great deal but buyer beware. I had one pass Thur my desk that had a 100 homes at $1000 per door(which seemed like a great deal). I had a title company run a pre-lim title search and their were over $1,000,000 in combined tax liens.

Sometimes when you do a lot of business title companies will do these services for you for free. If not you need to do this before you buy investment property this way.

There are a lot of different ways to get real estate but no matter what make sure you have title insurance on your property. Building wealth and having great investments require that you do do certain things to insure that you are making a safe and secure buy.

Always keep in mind that however good the deal is make sure that you follow these guide lines. Having clean title insures that you have a safe deal the rest is up to you.
Brett Young

Getting the right people around you

Having the right people around you can make or break you. Their are good and bad people in every business. You need to make sure that your dealing with the good ones.

In this article we'll be talking about real estate investment. When you talk to a wholesaler,realtor,seller etc there are a few things you need to ask about so you know who your dealing with.

If your buying a flip home(your buying it then selling it) then you need the following key issues addressed. 1. Get a CMA(a report that shows what homes around the one your looking at are selling for). Be sure to review this before you decide.
2.Your construction is the next issue. How will that be done, and how much is that going to cost you? How long will that take? 3 How will you sell the property? This needs to be selected before you start so you know the total cost of selling your property.

All these numbers need to be at your fingertips before you make a decision on a property. People always blirt out numbers and they may or may not know what they're talking about. Always have all those numbers in writing and all your sales reports that show you what your property will sell for. The right people can give you all this information.

The next type of property is a rental. You want to do all the same things you do in a flip with some additional information needed. You need to have property management service. I know some people run their own rentals and that's fine, I'm just addressing people that don't. Good property management is very hard to find in most cases. I like for a property management to have a full time maintenance staff, this usually is a lot less expensive in the long run. Also I would call a few of their clients to see what they think of the service. One last thing to verify rents run a fake craigslist ad. This will tell you how much rent you can expect.

The other item to check on rentals is the yearly tax rate. That is a fixed cost that you need to look at to verify your cash flow. I was talking to a potential client last week and he informed that he had got a great deal on some duplex's in a certain area. I ask him if he had looked at the taxes in that area. He said no. I informed him that my duplex's had around $1800 a year in taxes in an area right outside his. His area avg $5200 a year in taxes. The Gross rents on mine is approx $200 less a month income. His taxes are $450 more a month . So he's losing $250 a month on those so called good deals. Plus they cost about $10K more to buy and fix up.

As you can see their is a lot of information you need to make an educated decision on an investment property. When you spending your hard earned money make sure you have all the information you need to make a sound decision.

As you can see getting the right people around you will maximize your profit on each investment property. Brett Young Valley Realty

Why buy in Cleveland Ohio

Brett young, Real Estate Investment.

Making Money in Different Places

I lived in the Phoenix Arizona area for over 30 years and have seen the ups and downs of this local market(bought and sold over 300 homes). Most of the markets were workable, but in 2010 the market is very weak here.

Usually in a good market you buy and sell. A bad market you buy and hold. In Phoenix that is untrue. This is kinda a good market to buy and sell but not to rent. The rents are going down in Phoenix and that is why I went to a different place to buy my real estate. God forbid you have and air conditioner go out. That's $4,000 down the tubes.

We have one city Cleveland already set up ($53,000 a month in gross rent) and setting up two other cities Indianapolis, and Cincinnati, Why because we make money their. We buy homes for as low as $25,000. They cash flow over $400-$1100 a month. Their equity position ranges from $25K-$50K. That's making money.

In fact my Dad called on a city he had found and could not believe the properties he could get for so little money. He could not believe what type of housing you could get for the money. He even flirted around about even buying 7 homes to his one in Queen Creek.

All that being said remember what you invest for. You invest so you don't have to work a real job one day. You want total freedom to do what you want to do. Long weekends, day trips, Cruises anywhere you want to go.

Why not consider really affordable real estate in really nice neighborhoods that make really great cash flow? I personally have 28 and just purchased one to move into. I'm very sold out on it and know you "Can make money in different places".

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
www.rooftopcleveland.com

Continuing our mission

Our companies sole purpose is to help people be successful investors. Not just buying a home or helping us make money, but making our clients money. We have opened another city that has a great inventory of affordable and profitable real estate.

Cincinnati is that area, with the population mostly being renters it opens up a lot of opportunity. The prices are great and the cash flows are off the charts. I spent a week their looking at the different areas and verifying the numbers.

After setting up all the construction, property management and licensed Realtors we can assure our clients of quality and profitable properties in this area.

Example: 3 bed 1 bath home can be purchased and rehabbed for $40K-$45K rents for $775. After insurance,property management,taxes you'll net over $500 a month. Wow get that return at the bank or financial advisor. This area is a heavy rental area. In fact an investor in that area informed me that you should not place a for rent sign in the front yard if you want to use your phone. They said it would not quit ringing!

Exmple 2: 3 bed 1-2 bath can be purchased for $40K-$55K after rehab. This home can be sold on that market for $75K-90K. These numbers leave you enough equity to make your net profit $15k-20K. Wow that is a great return. These homes are purchased very carefully and done in 3-4 weeks.

Having all the systems set up for you saves you massive time and money. We take care of all the details. After 500 homes we understand your wants and needs for real estate investment. No tapes or CD's to buy, we get you in to the cash flow game quickly and profitably. Brett Young Valley Realty www.rooptopcincinnati.com

Starting your business ona profitable path

Starting a business is very difficult in this economy. That is were I come in, I can help you formulate a plan that will focus your company in the right direction.

Marketing, Product, Service, Charges,Image, Web Presence,and understanding your client.

I've personally started 3 multi-million dollar business. I currently have a business that is growing by 50% in this market. By knowing the internet, marketing, dealing with clients, charges and other details in building your business, you to can be very successful in this market.

The details in building a massive income in your business are the most important part of that. Knowing how to position your business in every market is very important. For example I took control of every aspect of my business. My business is real estate investing.

I hired a staff to run all aspects of the investment process including Construction and Property Management. This effected my business in a very positive way. I can now control cost for my clients and insure that they are getting monthly checks from their properties.

This type of positioning boosted profits for my clients and my company. I believe that the client always come first, you have an obligation to take care of every aspect of their experience. Running all facets of your product will allow you to build your companies profit centers. When you set my type of systems other revenue streams start popping up in areas you never thought of.

Doing this type of business model will make your clients happier and more money for your bottom line. Let me start working on your bottom line today. Brett Young Valley Realty

July 4th stands for freedom

July 4th stands for this countries
freedom and the sacra fices our military men and women has made. For
those brave men and women, our country is very in indebted to them.

This day can also be the start of financial freedom for you. Imagine
not getting up everyday worry about your bills and future. Basically having the freedom to do what you want.

The only way you can get there is seeking a path that can get you
their. I believe the best path is real estate.

I've personally done 100's of homes myself and with investors. The
profit through cash flow and equity is the important and only path to
take with real estate investment.

My path has taken me and my investors to the mid west were I can get
both cash flow and equity for very reasonable prices. We have created
over $50k a month in rent. And millions in equity.

So if your tired of looking for a path to finical freedom then look no longer. Look
at our system that has created massive cash flow and great equity
positions with investment real estate. Brett Young Valley Realty www. Rooftopprofitmax.com

Opening your investor mind

Some investors think that if a investment property is not in their
backyard then they cannot buy it. Nothing could be further from the
truth this united states has many opportunities elsewhere.

Is it better to make less on investments in your own backyard? When
you invest don't you want to make the best bang for your buck?

We (www.rooftopprofitmax.com) have many investors that buy homes and
multi-plexs out of their areas. In fact most have never seen their
investment real estate, they just like the results. Great equity and
cash flow.

The greatest thing they understand is systems with a larger group can
help them maximize their profit and protection. A company that
watches their investments 24/7. They also get used to the great
checks they receive from their investments.

When your looking at being a real estate investor keep your options
and minds open. Look at other areas and make sure you have a great
team to work with. Check put their resumes and verify what they have
done.

Opening your mind to new areas can make you big bucks later. Just
check out your team and make sure they know what their doing. Brett
Young

Making a Difference

I enjoy making people money. That is my job after all. Getting the
system that works well in place took me a lot of time.

I started Rooftoprofitmax.com 5 years ago. My first objective was to
find affordable real estate with high returns on cash flow. My next
objective was to get a great equity position. I also put my 20 years
in the business to good use.

I first went to a small town in Ohio and purchased 7 properties. As I
was doing that other investors wanted to get involved. So I offered a
plan that they also could purchase in the same small town I had
purchased in.

My company also set up private property management and construction along the
way. The system worked great and we saw great returns. I copied that
formula in 2 more mid size cities.

All was doing ok but I found out quickly that the choose of help in
those size cities was not plentiful.

Got a call from a friend fron New York, that told me of a larger city
that he though would be a grest place for my system.

I started buying in the city very quickly with my system. I had a
larger quanity of homes, contractors, and set my own property
management up. My system believes that everything is private for me
and my clients. After all when you need something it happens a lot
quicker with private companies that can take care of it quickly.

This system has exploded my company and We have grown to over $50,000
a month in rents and created over $2.5 million in equity. This is on
homed that cost as little as $20,000 rehabbed.

My clients invest with ease and with my private systems they are
assured of the best prices,equity positions and cash flow.

Making a difference for people and their real estate investments is a lifelong
commitment that my system can help insure them of. They can also ce
assured that we have an investment that fits their budget. Brett Young www.rooftopprofitmax.com

Why are low interest rates not effecting the market?

I hear all these commercials to refinance your home or purchase a new one at the lowest interest rates ever. I heard that stuff in the big real estate boom and it worked! Why isn't it today?

I watch a lot of pod casts and one really informed me why the low interest rates are not working in this market. He explained that the biggest borrower was that government. The bank gave most of their loans to them. Think about it who would you lend to the government or a citizen?

With the on going out of control spending the deficit just keeps growing. The deficit is like a company that keeps telling it's stock holders they need to keep borrowing and they can force the banks to do it. I thought these people were the brightest people in the nation?

So when your client or you go too get a mortgage or god forbid a credit line their isn't a whole lot of money left for the free market.

When the banks start having more money to lend to the free market, then you'll see real estate start to recover. I think that the business loans will also get going again and help our economy to get going again.

The benefit to the banks not lending is the extremely low home prices that exist today. In some markets you can pay cash for homes and not worry about the banks anymore. In real estate you can always find ways to make money with it. Right now in some areas rents are great and prices are less than most cars.

So when you look at the interest rates understand the concept that the government is also dipping into that pool. In fact they are the banks preferred customer.


--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
WWW.Rooftopprofitmax.com

Getting out of your comfort zone!

I talk to a lot of investors every week (that is my business). I've sold over 500 investment properties and there are some differences in types of investors.

I flew to LA yesterday and met with some great investors that have purchased from me before. They wanted me to speak to their friends that were interested in my process.
I told them that I purchase properties in multiple areas like Ohio,Indiana,some in Michigan.

They looked at the numbers on some properties that I had done and new ones they could purchase that. They could not believe the cap rate, in fact one of the investors that had purchased from me, informed them that he made 25% on my product. They of course decided to buy some real estate from me.

I say all that to point out that these investors lived in California but wanted to buy elsewhere. They also understood that staying in one area my not be the best way to invest. The properties I showed them where considerably less money than what they were used too. The profits were considerable higher.

These investors understood that there are other places to invest in besides their back yards. I hear investors all the time that say if I can't see it or touch I'm not buying it. That is a costly mistake and can cost you a fortune in profit. I personally have real estate in three states and 4 cities.

I've learned especially in this market, that you have invest differently and learn how to make money in other states and cities. In the Ohio area we do $50,000 plus a month in rental receipts. Most of my investors have never seen or touched their properties, they just get their checks in the mailbox every month.

So don't get stuck in buying one type of real estate investment, what will you do if that runs out? Keep your options open and you'll be richer for it. Brett Young Valley Realty

Getting the deals from the banks

Their is a little known fact that all bank Repos have to be put up for sale so everyone in the public can have a chance to purchase it. A lot of bad information is floating around in the public investor arena that this guys buddy has a sister that can buy directly from the bank.

Their is nothing further from the truth. If a property is not sold over a certain period of time it goes to auction. If the property is not sold from their it usually lands on the MLS again.

Their are a lot of tapes that have multiple properties you can buy that are very cheap. You usually have to buy all the properties on the tape. Be careful with these type of properties and be sure to check title on them. When you buy these type of foreclosures your on the hook for whatever taxes are owed them. I know of an investor that thought they had got a great deal on a package of homes. She later found out the deal was not all that great she was on the hook for over $1,000,000 in taxes.

Wholesalers are another source of home buying. I usually do not like this path either. Your leaving money on the table. The wholesalers have to make a profit and that's the difference in wholesalers. Some are very reasonable and others are not. I do purchase from time to time from them but never pay full price for them. I always make sure they have the spread I demand.

The best way is to buy the properties when they first hit the market. Granted you will not get them all, but you'll get some very good properties using this method. You do get the best price and a good title. Buying investment properties this way is by far the safest and most profitable.

The last one I want to talk about is short sales. Great way to buy homes if you have patience. You need to deal with someone who has a history of successful closings. You also need to make sure your offer is accepted by the seller and is in escrow. This means you have first dibs on the property. If you don't have it in escrow then the seller is still excepting offers.

So if you understand all the ways investment property can be bought your chances of success will be almost certain. Brett Young Valley Realty

Taking time in investing

I talk to a lot of investors weekly, they want massive profits quickly. So they get in a hurry to make profit in real estate. Surprise! almost all the time the ending is not good.

When you have someone wanting to make money in real estate it does take some time to find the right properties. I remember in 2004-2005 I wrote up to 100 contracts to get a property. My clients always made money that way. My principles have never wavered just because I wasn't making any sells. Great investment Real Estate is not easy to get.

Having the right neighborhoods and selling points is a most to sell or rent a home. You'll need a team that understands the whole process that goes with investing. This helps you odds increase massively!

Having completed over 500 homes I understand that their are different ways to buy real estate. One thing that rings true on every real estate investment deal is the details.

1. What do other properties in that neighborhood sell or rent for? 2. Are the properties that your looking at the same as yours? For example are they remodeled, fixer upper, Square footage and many other factors a untrained eye might not see.

So be patient and check out your possible investment with a pro. Sure it may cost a little more but the savings will be giant, and the most important thing is your pocketbook grows!

When someone is looking for properties for you and it's taking more time then you want don't rush them. I know in my instant's, I want you to buy an investment property. I don't make anything until you do. I want my clients to make top dollar and I go the extra mile to do so.

My resume doesn't impress anyone with the amount of properties that I've sold, it's the money I've made them. Brett Young

Details help you keep clients

When your dealing with clients that are buying investment property or have bought real estate from you, they can always generate more income for you.

I was talking to a prospective client this week who had bought a few investment homes and was not treated well. The previous realtor had not kept that client because of his lack for details. The prospective client was having trouble collecting rent and had called the realtor for some help.

The realtor not only didn't help him but didn't bother to call him back. This client was not a huge client but one who bought from time to time.

I have a client that has purchased and sold 5 homes with me over the last 10 years. I have made $35,000+ dollars from this client because I did the details. I always called him back and dealt with all the problems after the sales. He currently has another home in escrow with me.

Clients like followup and taking care of a few problems. You may not make giant money on there first deal, but it will create more deals for you in the future.

My company did 14 homes in April and are on track to do that this month. I get those deals because I take care of problems. I have two other clients I'm taking care of a few things for free. They have not bought a home from me in almost three years but I know they will again when they are ready.

Deal with details after the deals are done and receive big rewards later through more business and referrals. Laying down a good foundation may cost you some time but will pay big dollars later. Brett Young Valley Realty

Learning to deal with Wholesalers

I went on a trip to help find some more areas to buy more investment real estate in. Tim my agent in the Ohio area set up a meeting with a big wholesaler that owned over 80 properties in one of the areas I liked.

We usually buy directly from the bank, but in this one area things were getting bought up very quickly by my company and others. Leaving a void for some my investors.

We met with the wholesalers for two days and looked at there properties. They did have some good and bad properties. In fact we purchased one that day that I thought was a super deal. It was a duplex that cash flowed very well. I know the rents because of past purchases in the same area.

The wholesaler was well connected and had another assistant with him that was showing us his homes also. I liked some and some I didn't.

We looked at 4 properties that we liked and said we would purchase them. They had told us what the properties were worth and based on that we said we would purchase them. When we went back and comped the properties( I always do this to make sure of what the properties are worth) and didn't like what we saw on two of them.

We went back the next day to tell them our concerns and the assistant got verbally upset. I later learned he was in some financial trouble and needed to dump some properties to get some much needed funding. So his opinion of the properties were very screwd because he was looking out for himself not me or my clients.

I wanted to write this story to make sure when your buying wholesale real estate make sure you comp the properties out and get the real price of a home. If they get upset over that then don't do business with them. I ended up do business with the wholesaler because he understood my concerns and wanted me to get a great deal. The assistant was upset both verbally and visually and I didn't want to deal with him.

I always like to buy real estate anyway I can as long as everything is verified. Wholesalers can be very good for your business but always verify the values of the properties you intend to invest in.

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

Investing is a full time job!

Their are a lot of Real estate investment courses you can take to learn the real estate game. Prices vary from $150-$100,000. What they seem to teach you to do is look for real estate the old fashioned way, drive, look and don't deal with Realtors. In fact I'm ask all the time why are you still a realtor, doesn't that tie your hands and get you less deals?

The answer to that is no. What it does do is get me more properties to buy Thur the MLS and banks. It takes a lot of time to find the better deals. I check 4 things with each property, spread, Days on Market, Neighborhood, and time. To get that type of information in a consist ant format I need my real estate license. With the Internet and all the other tools at my disposal things can get done quicker and much more efficient.

When your looking for investment real estate you need all the information you can get to make a intelligent decision. Also having a real estate license keeps me up on all the current laws and trends in the business.

Imagine going to court with someone who said they knew all the laws but didn't have there law degree or license. Would you trust them? Your going to pay them a lot of money to support you, and I don't think a sensible person would trust someone without a license to represent them in court.

The other issue I have with these real estate courses do they help you in any investment properties that make you actual money or do they just sell you the course and good luck?

Make sure you get with people that are in the business and understand your needs and expectations. Spending a lot of money does not guarantee success but getting people who do this all the time can make you a huge success. Details are the crucial things in a deal can make or break you.

In closing be careful out there and make sure your dealing with people that do real estate investing full time, because finding the right deals is harder than most people think. Brett Young Valley Realty www.rooftopprofitmax.com

Investors help Tax Payers

I was reading an Associated Press story that the government is beginning to look at investors in a favorable light. They feel investors have the money to buy in the distressed markets, because they have liquid cash.

Wow, government finally found out that hard working people, (investors) may be good for this market. I can tell you without any hesitation that is true.

Investors take no money from the taxpayers, therefore, unlike the car companies and the banks, the taxpayers have no liability. Investors go into these homes and take all the risk. They have to buy homes in most cases "as-is". That means no guarantees or promises from the seller.

Investors usually remodel the home and get the property back to paying taxes and rebuild the equity. That is a model for success. You ask why? It puts contractors and construction workers back to work. Contractors usually keep all homes in budget. Then banks can loan on these great properties, and the whole economy gets moving again.

Who would run the projects better in the end? An investor or Uncle Sam? I say the investor. It is their money and they will most likely be watching it closely.

Sure real estate crashed and the banks suffered. But so did the investors that had put a lot of money in rehabs. Investors helped the market then and they can help the market now.

One last thought..... Always consider who you are dealing with when it comes to investing. Look at their resume and check out what experience they have. Also, make sure they are currently investing too. Be careful of those who operate under the premise of "Do what I say, not what I do".

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

You really need to learn the internet for real estate

I talked to 4 Realtors this week, who are struggling in this economy. The only thing each one has in common is that they do not have a strong business. Most just wait for the phone to ring. So, as a result, they have no money coming in Thur commissions.

I quickly learned 4 years ago, as my business was starting to struggle, I needed to change my way of thinking. I enrolled in a program that taught me how to market. I easily learned not only how important the Internet is for my business, but also learned how to use it. The tools are limitless and most are free.

Here is the one I found most helpful: It took me a about 6 months to launch my own website. I now get 500-1500 hits a week and paid close to nothing for it.

I tried the so called web experts, but quickly found out that they really don't know much about business, particularly, my business. AND they charge a fortune.

Podcasts are another great way to learn about Internet marketing. I listen to "Hubspot" and "Help My Business Sucks". There are, of course, many more available, and most are free. Pick up a Ipod, set up an account, (totally free) and start learning. I play mine in the car and while I'm in the shower. I get a ton of ideas to promote my business this way.

In case your wondering, I have sold 30+ properties so far this year. Yea, it works!

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

Is every Client a good client?

I had a meeting with a potential investor. They told me that they had limited money far to short to invest. I did not take that client because of there limited finances.

I saw the future with that client. They had the heart but did not have the finances. If a deal went longer than expected that client would really be in a financial pinch. That would create a lot of stress for them and for my company.

When you are looking at a potential client make sure they fit your type of investment. I also want to make sure they understand the time lines. You should let them know how long the project will take and make sure that they agree with it.

Giving your client a full disclosure of the events that will be happening with there property also helps you in the long run. This way of doing business lets you know what will be expected of you and your system.

As my company grows I am consistently changing the type of clients I prefer. The old saying customers are always right my be true, but having the right clients for your system will help you be right also.

Having clients that fit your system will make you a ton of money. If problems do arise and they will, having the right type of clients is very important to your company.

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment