The time is getting short to purchase investment real estate
at historical low prices. We’ve seen these prices for the last five years and
think it’s just going to go on and on. I never said this in six years but I
think the end of these historical low prices is getting near.
I have a few examples to back up my thought process on the investment
real estate market. Let’s first talk about the Cleveland market, I saw in the
real estate news this week that real estate sales had doubled in the area. Tim
one of my agents I work with mentioned that over 180 sales of homes in the Garfield Heights area sold this month.
I also heard in another large city that a new subdivision
was being built and they expected a few sales to happen on their grand opening.
When they opened up there were 30+ people waiting to get into their sales area.
Within two hours they had sold 39 homes and had to shut down the sales area in
order to fulfill the paperwork needed to get the 39 deals under contract.
The banks are a lot more willing to modify home loans
according to the news. They are quickly getting People’s mortgages lowered and getting the
payments back on track.
I just read a USA today article that Ben Bernake said that
the banks were starting to lend more money for mortgages. The mortgage rate is
still at historically low rates and with the refinances up this means more
money in the real estate world.
The good news is it is still not too late to get into the
game, and getting with the right company that can get you properties quickly is
the key to your success. I know I took a lady around on Monday that cannot
understand how I have so much real estate under contract and in progress. She
had been searching for literally six months and has gotten nothing. I quickly
informed her that she needed to get with the our company because we deal with
investment real estate only. We have people on the ground every day they bring
us the best deals.
Remember in the investment world there is no
secret way to get real estate, it is just first come first serve. So understanding
that all foreclosed real estate must be given to the general public first means
the good ones are gone quicly. So if you want to get into the real estate
investment game at historically low prices then you need to get going today! Contact Brett @ 602-363-6551 Or email me Rooftopinvestment
I used to own a Dairy Queen in Scottsdale Arizona that cost me about $250,000 to open. That proved to be a very low profit and very heavy workload business. I basically spent 80 – 100 hours a week working that store. I ended up making $20,000 – $30,000 a year doing that business. I sold the business and broke even and was happy to do so, the prison sentence was over.
Now I do real estate and our profit is high in my workload is way less. Once I get a property done we get a tenant in and make 15% or better on our rental income. Our average equity position is around $30,000 – $50,000. From time to time I have to go do a little maintenance but I don’t have to show up every morning or work 80 – hundred hours a week.
Using real estate as a business format is a great idea. I have two investors that started a real estate business and have purchased 10 properties and recently purchased a new one as of Friday of last week. They generate right at $7000 net per month on their properties. They have very high quality investment real estate in great areas. They have a total of $500,000 invested and have well over $400,000 in equity. That makes their current rental returns at almost 17%. That is just on the rental if you add the equity that’s another 80%. I don’t know what business you’re going to buy that will get those types of numbers, and you do not have to work 80 –100 hours a week.
You may say I don’t have $500,000 to start a business? There are a lot of ways to get that money including getting partners to help you with the initial investment. Don’t forget about your IRA account it can be converted into a cash flowing machine with your self-directed checkbooks.
We have another client that’s purchased five properties that generate her $3125 per month. That’s $37,500 a year of net cash flow. She will also have $200,000 in equity that she can cash in in the near future. That’s a 19% return just on the rental return!
So if you’re thinking about starting a business and you don’t want to put in 80 – 100 hours a week then look at real estate. There is no other business with these type of returns and not working all those hours to make sure your business is generating income. With our turnkey approach we help you not only find the property we keep it generating a high income for years to come. In the Cleveland area real estate has doubled in sales from last year, so the time is getting near the prices and inventory are really going down. Rents are high and real estate is very affordable.
So call Brett today you started on your real estate business 602 – 363 – 6551.Or visit our website Www.rooftopinvestment.com
Investing in real estate with your IRA is a very easy way to
get income for the future for your retirement. We have many clients that use their
IRA to invest in investment real estate. The returns are much greater than
almost all stock portfolios you can find out there. Returns range from 15% –
25% just on the rental income and that does not include your equity position. Remember we pay wholesale prices not retail prices.
The other factor is the equity position and in most cases we
have a 50% or better equity position in our investment real estate. Another
key factor is affordability and quality of the investment real estate. There
are a lot of areas you do not want to buy in because they will never be worth
any more than what you pay for.
That’s why you need a professional that actually is doing
only investment real estate.
Rooftopinvestment.com is continually looking for
that type of real estate. We can find properties that are very quality areas,
high rents and have a great equity position. If you had add up returns in
rental income and equity you’re looking at about the 65% – 75% returns. With the
economy the way it is we will probably never see these type of returns again for the low price entrance in the market.
Let me give you an example we are finishing a duplex in the
Lakewood Ohio area for $72,000 total. This property grosses $1450 a month in
rent. The net cash flow after insurance – property management – property taxes
is $900 a month plus. So let’s look at this return on this property. The $900 a
month times 12 you is $10,800. That is a 15% return on just the rental income.
The value today on this property is between $115,000 – $130,000 so let’s just
say for this example $120,000 is what it’s worth. That’s a $48,000 equity
position divided by the $72,000 that would create a 67% return. So in this
example our client is making 82% on his money. Please tell me what stock will
do that for you and was CEO will pay you a 82% return on your money?
Using your IRA to invest in real estate is painless and very
easy to do. We have all the information you need to get your going on investing
in real estate with your IRA. So quit getting that 3 to 4% return on your Ira
with today’s market and get going with investment real estate so you can have a
serious and exciting retirement. Remember with inflation about 3% making 3% or
4% on your money is basically making nothing.
The other great thing about
investing in real estate you control it. So if you want some free information on how to set up your
IRA to invest in real estate please sign in below and we can get you going. We
will also send you some examples of real estate that we have done for other
clients. You can always go to
rooftopvideo.com and check out before and after an
update pictures and videos of properties we have done and are doing. Brett
young Valley Realty
I read a lot of investment strategies consist of the same cities over and over again. The strategies allow for many investors to get information to buy these areas. My strategies has always been to find areas that generate massive income and a relatively unknown to the real estate investment world.
In the Cleveland Ohio area are suburbs that have what’s called the point-of-sale. This allows these neighborhoods to stay or pristine condition and generate high rental Rolls.
The Cleveland area is the only area that has a system in place in the United States of America. You can go to a lot of subdivisions and see the different type of homes one may be in great shape and the next may look horrible. That does not happen in the point-of-sale areas.
Let me give you a couple of examples I sold over 300 homes in the Phoenix Arizona market and there were always great homes in the subdivisions I purchased. There was always one home that either had a horrible yard, broken down car, or just look run down. In the point-of-sale areas(cities which I’ve enclosed a great slideshow to show you the subdivisions in) this does not happen. What does happen is he area stay very pristine and you do not have that neighbor that makes a whole area would bad.
The other obvious factor is the quality of the homes and the net result of your cash flow. We consistently run 15% or better on our returns and have plenty of inventory for you to buy. This is not mean that every other house foreclose on this just a great time and inventory to purchase real estate in these point-of-sale areas.
I know in the Phoenix Arizona market is very hard to buy a investment home right now because as I said before everybody’s talking about the strategies and investment real estate. Phoenix Arizona happens a be one of their strategies to buy. Not a bad strategy I admit, but you have a ton of other real estate investors that are bidding on the same property you are. So getting a property is sometimes very difficult.
In the Cleveland suburbs you’ll have to do that which saves you immense amount of money on your real estate investment. This allows you to buy lower and have money to buy more homes. You’re looking at finished investment homes and duplexes that start at $40,000. These are homes would cost you double to triple anywhere else. And are starting rents are $850 per month and goes high as $1450 per. They cash Flow at 15%-25%.
So when you’re send up your strategy for new investments consider the Cleveland suburbs and the great resources that we have for you to purchase these types of homes. I’ve enclosed a link for this weeks great home were offering as a special. Brett young Valley Realty
|
|
|
Two different cities to great returns
First Property 1152 Pomona Cleveland Heights Ohio
The first property I want to show you is one we completed in four weeks just recently and it was rented on the fifth week. This house is in Cleveland Heights, the client purchased it for $45,000 that includes the purchase price and the rehab price. His return is 16% on just the rental income, that’s common for our properties. In fact we would even look at a property that does not generate at least a 15% return.
I also want to show you the testimonial from this client that was actually text to me this week.
“Brett, fantastic turnaround time on 1152 Pomona!!!….the floors, fireplace, bathroom, kitchen, porch and basement showcase a phenomenal rehab
quality….thanks for the putting the finishing touches on the yard…Excellent Video Footage….and a good possibility of getting a qualified tenant by
4/15….you may want to run for President to “Rehab America”…ttyl”
This home was leased out for $950 per month with a $620 net cash flow.
Click here to view this remodeled Home
Property # 2
The second property is a duplex this duplex is in Lakewood Ohio voted by Business Week as a best place to raise a family in America. As you’ll see in the video we aren’t even halfway done with this property and we already have it rented both units for $700 each, that’s $1400 per month!
We have a state-of-the-art marketing systems that really get these places cash flowing right now shoot, in fact if you look at the special this week you’ll see we have a six-month guarantee on your rent. We believe in our properties so much we guarantee six months worth of rent.
This this property is located at 1482 – 1484 Rockway Road in Lakewood Ohio. This property with purchase and rehab was a little over $70,000. The net cash flow per month is $850 that’s $10,200 per year. Imagine buying 10 of those that would be $102,000 per year net cash flow. The other great thing about the duplexes and Lakewood is they sell for $110,000 – $120,000 in today’s market. That’s a $40,000 – $50,000 equity position. That’s another 64% return on the equity position.
Here’s what the investor recently said
“Brett and Lori from RoofTop are not only great people to work with but have 100% integrity. They are the real deal. Everything they say they actually do and even more. It almost seems to good to be true but it is, its literally 99% hands off, the 1% is calling Brett if you have any questions. And as busy as he is, he answered his phone almost all the time. I have nothing but good things to say about him, his team, and his company.
But to answer your questions
1) I am an investor both residential and commercial
2) my company invests in both China and the US
3) I have bought around 5 properties from them
4) Yes, I would not got anywhere else, for the reason is they are literally a 1 stop shop
5) Absolutely, they are constantly making changes, making it easier for for us the investors to see whats going on with our investments
And Yes you can trust them. Like I said they are the real deal, and Brett works even harder for you after you buy your property. Most of the time, if your not careful there are a lot of people out there making their company sound real good and after you buy the property and they get paid, your no longer important to them, Rooftop is not like that in any way.
I hope this helps, and if you have any question, talk to Brett directly so you can see what kind of guy he is.
Take Care
dean”
The owner called me on Easter on this property and was shocked to find out it was already rented a we already collected the deposits both units. These investors really were happy to get this cash flowing asap. This is their 5th property with us. Those are nonrefundable deposits. So take a look at this property below you can get an idea of how far along we are and understand the great investment opportunity our company offers for your portfolio.
Click here to view this Lakewood property
There’s nowhere else in America with these types of returns with such quality and consistent rental returns. These properties are also a great exceptional areas that create a generous flow of tenants for these properties.
|
|
|
|
|
|
|
Five things you must look at before you purchase a investment property
The first thing you definitely want to look at is the quality of the neighborhood and the property. This is important to make sure you get consistent rents in the area your purchasing your property in. I personally like more established areas because of the age and I can get a better idea of how good the neighborhood really is. Example if you have a more established neighborhood mature properties you get a better idea how the area upkeep will be. Newer areas sometimes look great at first but suffer later because of bad buyers and people not desiring the area a longer.
The second thing you need to look at is the numbers, a lot of homes look great at first, but you need to see what the profit will be before you fall in love with the property. I always look at the rent minus the insurance, taxes, and property management. This will give you a great idea of your net profit if you don’t have a mortgage on your property. I always stay with the best priced homes in the best priced areas so in this story we will be talking about cash deals
The third thing you must have is a good team around you to handle all the issues associated with your investment property. Most investors sometimes forget what they will need two years down the line after the property needs a little maintenance. So make sure you have a great team to handle all your construction, purchase, maintenance, insurance, property management, and all the other little issues that might arise while you have your cash flow property.
Number four would be the return on the investment property that you’re buying. In this market although I think we have a short time left should be around 12% or better. That does not include the equity position in the property is just the rental or lease option return that you’re getting at this time. With the market the way it is today you need great returns because of the lack of lending for home buyers in this market. That’s why investors are prospering so much in this market because of the high rate of returns in some areas. Our team buys in the Cleveland Ohio area suburbs and we average 15% or better on our properties
The number five reason and final one for this story is being able to get properties. In this market. I know in some areas is hard to buy the property especially investment property. So make sure when you go to an area they have a decent amount of inventory. You need to be able to buy as many homes you want and be comfortable that you can get enough properties to add your portfolio. A lot of investment strategies go right out the window if you can’t buy any properties. So be sure that the area you want has the inventory for you to continue investing for the long term.
One final addition is to make sure you stay in larger cities. I like 1 million or more. This ensures you have a large pool of tenants to choose from. You will also get better prices on the maintenance issues.
If you want to go see in our areas please check out rooftopvideo.com I have a lot of homes on their and areas can see. You can also check out some of my great deals just click here to view. Brett young Valley Realty
Cleveland Ohio is a very diverse workforce including Cleveland clinic just did a $400 million addition. They have their own private airport and police force in one other very large facilities. They are world renowned in the medical field. The Cleveland clinic has multiple campuses throughout the Cleveland area.
Another large employer is Progressive Insurance which has their corporate headquarters in the Cleveland area. They are located in Mayfield Ohio and are one of the largest employers in the Cleveland area.
We also have University hospital which is just finished a cancer clinic and they have multiple campuses throughout the Cleveland Ohio area. Their main corporate office is in Shaker Heights Ohio a suburb of Cleveland. They employ thousands of people.
There are also 25 universities and colleges in the Cleveland area including Cleveland state, John Carroll College, Case Western, and many other facilities to attend. These universities and colleges employ thousands of people and are doing a record attendance in this economy.
Cleveland also has Morton salt and Cargill they mine salt underneath Lake Erie and employ thousands of people.
We also have a large steel mill that is currently adding over 750 jobs in the Cleveland area and has Arcola aluminum company right next to it also.
The Ford plant that builds Taurus is also adding 700+ jobs for a new transmission line for one of their new lines of vehicles.
Cleveland also has many other resources for jobs such as Stouffer’s frozen food owned by the Nestlé company, there is a large Hyundai parts plant, and many other large facilities that make Cleveland a great employment area.
Our employment is at 7.7% currently which is underneath the national average of 8.3%.
The Cleveland area also has a large diverse entertainment industry including one of the best theater and Symphony districts in the nation.
Other forms of entertainment are Lake Erie which has many private and public beaches to enjoy, Cleveland zoo, rock ‘n roll Hall of Fame, Boston Mills ski resort, festivals, science center, professional football, professional baseball, professional basketball and many very unique eateries to choose from.
The diverse population in the Cleveland area is moving toward the white-collar section and many professionals and companies are moving here simply because of the cost of living and the amenities that Cleveland offer. The international airport ,great highway system and great hotels to stay at makes Cleveland one of the best and most affordable places to do business.
We have very quality neighborhoods that generate 14% or more on just rental returns. The quality of the neighborhoods are second to none and these homes are a lush very nice streets. The suburbs have the only point-of-sale system in the United States making the neighborhoods stay very nice and collecting very high rents. Our average cash flow on a home is $600 plus net a month, rents range from $950-$1100 per month.
We also have areas that require more capital but have returns 16% or better and are very quality neighborhoods. The cash flow on these products are $800 net a month and up. Rents start at $1350 per month.
So you can see we cater to all aspects of investments, andhttp://www.blogger.com/img/blank.gif understand that the cash flow and quality of the product is the bottom line to your success. We have set up a very turnkey system that handles all aspects of your investment property and will take care of all your investment needs. We also have a large inventory of homes and can easily get you a great buy. our properties stay within budget and get done on a very consistent time.
We have over 30 years of experience in the investment real estate market and have purchased over 600 investment homes since the year 2000. So please consider us for your investment source we have the contracting, licenses realtors, licensed property management, maintenance company, and will help you with all your administrative needs. Brett Young Rooftopinvestment.com
Look at this weeks deals
There seem to be a lot so called real estate experts in this market. I see constant ads with experts saying that they can show you how to buy wholesale real estate. What they don’t say and do can kill you as an investor
I had a investor fly in from San Francisco this week and he had been looking at different markets to invest in. He had told me that everyone he had talked to had gave him a great sales pitch.
The so called expert would then get into the details of cash flow, worth etc. that’s when he said the conversations would allows go south. In most cases the so called expert would touch on the details and go right back into a sales pitch. The investor was really getting discouraged until he called Rooftopinvestment.com and got detailed numbers and the systems to make sure those numbers happened. The investor was an investment banker and understands numbers and systems that need to be in place to be successful.
He ended up purchasing a great property and we are currently getting it in escrow.
I also got a call from some foreign investors and they were having problems finding a good contractor. They had purchased 6 properties and did not have any system to get them rehabbed after that. These Investors got very excited on buying a investments properties, but failed to have a system in place to make sure the numbers work.
We met them and looked at thier properties and are currently negating the contracts. We also have the property management system that will get there properties rented with quality tenants.
So don’t get killed being an investor out there, do your research and make sure that you have all your bases covered before you invest your hard earned money on the wrong real estate expert. Making money in real estate is not hard with the right system in place. Brett Young Valley Realty Rooftopvideo.com
Cleveland poised for economic recovery
Cleveland Ohio area is a great place to live and raise families in fact they rank fifth in overall educational systems. The Cleveland Ohio area offers many different venues and has many different industries that help make this a great place to live.
Let’s start with entertainment, Cleveland has a great theater district in the downtown area near Cleveland State University. It has one theater and two symphonies under one roof with spectacular stage presence. You can go and enjoy plays or symphonies any weekend of the year.
Cleveland also boasts a great employment pool, in fact unemployment in the Ohio area is 7.7%, which is below the national average of 8.3%. The reason for the turnaround is the affordability for employers to get into the Ohio market. Real estate is very affordable for big and medium corporations and they are taking notice of the Cleveland Ohio area for areas that help their bottom line .
Ohio boast many great employers already here some being, Cleveland clinic with many different campuses around the Cleveland area, University hospital which also just built a state-of-the-art cancer center, Stouffer frozen foods, Ford motors, Cargill, Morton salt, Cleveland State and 24 other universities in the local area, and Progressive Insurance has their corporate a quarters and Mayfield Ohio a suburb of Cleveland.
During the spring, summer, fall and winter months there are many different festivals and activities to do. Just to go over a few rock ‘n roll Hall of Fame, Lake Erie and the many beaches, snow skiing, great shopping, and very unique eateries that have all different kind of ethnic foods.
So you can see with all this going for it Cleveland Ohio http://www.blogger.com/img/blank.gifarea is a great place to buy investment real estate. Rooftopinvestmenthttp://www.blogger.com/img/blank.gif.com has a great system for you to tap into this very profitable real estate cash flow market. We’ve already bought over 130 homes and understand the best places for our clients to make the best money. One example we just closed a duplex deal in Lakewood Ohio that our client will make over $800 a month in net cash flow.
We have many other examples and many types of real estate to choose from. So when you’re thinking about buying investment real estate then please look at the Cleveland Ohio area for the best buys in the highest quality real estate available in today’s market. We have a total turn key package that makes our investors one of the most profitable ones in the industry. Brett young
rooftopvideo.com
Click here for this weeks deals
The perfect real estate investment system for real estate is a system that takes care of your property from top to bottom. It’s a system that automatically will take care of crucial and minor problems you may encounter on your property.
I want to go over our system and some of the extra stuff we do for clients; some of them are little and some of them are bigger but all are central to have an a profitable cash flowing property.
After you purchase a property with us we go through all the construction phases. These phases includes permits, licenses, and weekly videos to update our clients. We send those videos each week to the investor and post them on www.rooftopvideo.com for all to see. We also do before and after pictures to ensure not only investor but the insurance provider will see the finished work.
Our staff also takes care of the insurance for the property if it is needed. We carefully select and insurer to carry all the insurance on each property. This may not seem too difficult but we understand that some properties need different policies during the construction phase and getting the tenant in the unit. We also shop rates and make sure were getting the best deal with the best coverage for clients. We also have 130 units and believe you me that agent respects us if we have needs.
We also have to turn on the utilities for clients, and make sure that someone is at the home to have that done. That is included in the construction costs and the client does not have to worry about it because we have a system in place for it.
Our staff also will help you with LLC’s, and a real estate lawyer if you need one. Our lawyer also will help you lower your taxes on your home for greater cash flow. A system must deal with all the details to make sure you maximize your profit for each property.
Rooftopinvestment also has a brand-new property management software that will be online within the next few weeks(replacing our old online system). It will give them instant access to all the information on thier property. It will also send out yearly statements and monthly statements so they can analyze their property and the profits. That goes without saying we have our own property management company that deals with our clients exclusively making our system again a more perfect system.
You also need a great maintenance team to help defray the cost of ongoing maintenance on your property. In most cases our clients cost is around $28 per month for maintenance. Our system goes through the home, with the initial rehab and make sure that all the important parts like plumbing, electrical, roof, HVAC and other items are completely gone through so we will not have any problems with them in the near future.
There is so much more that goes into a system and our system, that I could write a book about. There are a lot of things I did not mention like daily updates and our state-of-the-art marketing Department that keep all the units rented and cash flowing.
Having a system that helps you the investor be comfortable and profitable with your investment is a perfect real estate investment system. Brett young Valley Realty
