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