Great cash Flow and a Flip

3755 Sherwood Rd, South Euclid Ohio 44121

Beautiful 3 Bedroom 1 ½ bath home in South Euclid Ohio. Large master bedroom, enclosed Porch, Full unfinished basement. Hard wood floors throughout. Great Schools and close to public transportation. This home features a large full bathroom, living room and kitchen. Also the living room has a beautiful fireplace.

 THIS PROPERTY IS UNDER CONTRACT AND IS AVAILABLE TO PURCHASE 

Property #’s Below: Purchase
Price -----------------------------------------------$ 7,500
Rehab Cost --------------------------------------- $ 39,000
Total Cost including rehab and purchase------------$ 46,000
Market Value ------------------------------------$ 75,000 to $80,000
 After Expenses Positive Cash Flow $602
Rent --------------------------------------------- $ 925
Taxes ---$2300 a year ---------------------------- $ 191
Prop Management ---------------------------------- $ 92
Insurance ---------------------------------------- $ 40
Positive Cash Flow ------------------------------- $ 602
 ROI --------------------------------------------- 16 %

Click here to get started cash flowing

 

10 N Strawberry Ln Moreland Hills

Great location, Moreland Hills, Orange School system, beautiful, private property, fenced in large lot. This 5 bedroom colonial has much to offer. Furnace 2008, roof 2004, water tank 2008. First floor master with a glamour master bath. First floor guest suite, first floor office/library/bdrm, eat-in kitchen, two bedrooms upstairs. Here is an opportunity you can't miss

We have an offer of $125,000 in on it now. It comps out at $275,000-$300,000. The Rehab will be $80,000-$85,000. The net on this property based on comps will be $50,000+.    

New Hot Buys of the week

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.
    Property #’s Below:
  Asking Price ----------------------------------------------------------------- $40,500
Offer Price ------------------------------------------------------------------ $32,000-
Settle around $35,000
Rehab Cost ----------------------------------------------------------------- $ 35,000
Total Purchase and Rehab Cost ----------------------------------- $67,000 to $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 %
 

3755 Sherwood Rd, South Euclid Ohio 44121

Beautiful 3 Bedroom 1 ½ bath home in South Euclid Ohio. Large master bedroom, enclosed Porch, Full unfinished basement. Hard wood floors throughout. Great Schools and close to public transportation . 
  Property #’s Below:
  Purchase Price -------------------------------------------------------- $8,000
 Rehab Cost ------------------------------------------------------- $37,000 to $39,500    
After Expenses Positive Cash Flow over $624
  Rent ------------------------------------------------------------------ $ 950 T
axes ---$2300 a year ---------------------------------------------- $ 191
Prop Management -------------------------------------------------- $ 95
 Insurance ------------------------------------------------------------- $ 40
 Positive Cash Flow -------------------------------------------------- $ 624 ---------------------------------------------------------------- 16 %

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

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

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.

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.

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