Real Estate in Northern Ohio
Brett Young
216-532-3470216-532-3470

Rooftopinvestment Real Estate Investors Magazine

 

 

Rooftopinvestment Magazine

Making your portfolio worth more!

If You Don’t Buy A House Now, You’re Stupid

 

I didn’t say that but I found a story from  http://www.realtor.com/news/corelogic-home-price-index-february-2015/?iid=rdc_news_article_editors-picks Written by Jaymi Naciri that did.

This story is talking about why people who do not own a home should be looking at doing that. The story goes into 6 different reasons you should buy a property now! One of the reasons I noticed was #2 the rising rents.  Cleveland area rents are up 9.43% from 2009.

“Reason No. 2: Rents are high
In many markets, rents are rising to unsustainable levels, reports the National Association of Realtors (NAR). “In the past five years, a typical rent rose 15% while the income of renters grew by only 11%.”
The cities with the highest rent increase since 2009 include New York, San Jose, San Francisco, Denver, and Seattle. For the rest of the list, click here, and to see how much more renting can cost you over a lifetime, check out Riskology.”

That is a great indicator that homes sales will be steady for the next 2 years and probably explode in 2017.  The easing of credit will also be a huge factor in that number.  even when homes are selling the rental market stays consistent.

Number 5 is also a great reason to purchase real estate

Reason No. 5: It’s still one of the best investments out there

In fact, some would say it’s the very best investment out there.

“Buying a home is the best investment any individual can make. Affordability is still at an all-time high,” said CNBC.

Not only as a comparison between buying and renting, but as a measurable asset, homeownership stands up—as long as buyers make a smart decision.

“The largest measurable financial benefit to homeownership is price appreciation,” said Investopedia. “Price appreciation helps build home equity, which is the difference between the market price of the house and the remaining mortgage payments.”

Real estate is still the best investment that you can buy today.  They area not making any new land unless your near a volcano were you may have a problem keeping your property cooled : ) 

Prices in the Cleveland Metro area are still great deals and high in quality.  Call Brett 216-703-5740 Coldwell Banker  Rooftopinvestment.com

 

New Hot Buy: Single Family Home in Lakewood Rental

Nice rental property in Lakewood Ohio.  This property is in a excellent area.  Rooftopinvestment.com will personally renting it.  This property is 1944 Sq Feet and a 4 Bedroom 2 Bath home.  Call Brett 602-363-6551 Coldwell Banker
Here are the approx numbers 
Asking Price______________$44,900
Offer____________________$40,500
Rehab___________________$27,500

Total Price________________$68,000

Rents____________________$1250
Insurance_________________$ 60
Property Management_______$ 79
Property Tax______________$247

Net Profit________________$864

Call Brett 216-703-5740

Brand New Listing In Lakewood Ohio

Great location with brand new flooring, Paint Exterior and Interior.  This property is a 4 bedroom 1 1/2 Bath that id close to the downtown area! Between Detroit and Clifton. 

It also has a remodeled kitchen complete with Granite and new Stainless Steel Appliances!  Call Brett 216-703-5740 to see this awesome property in Lakewood Ohio! Go to Brettayoung.com to preview my other properties

Hotels are digging Clevelands local landscape

Hotels are building very rapidly in the Cleveland Metro area according to a story in  http://www.crainscleveland.com/ By STAN BULLARD.

The average new build in the hotel arena a year was usually 1 to 2 a year but now they are building or going to build 14 new ones in this area. This also creates a lot of construction jobs in the area.

” More than 10 hotels are under construction or scheduled to start this spring in the region. Four of those are rising or are scheduled to go up this year in western Cleveland suburbs and Lorain County. Along with the just-completed Cambria Inn in Avon, they are the first new West Side hotels since the 1990s.”

Cleveland is a growing city that is attracting a lot of white color jobs that will with all the new hotels. They are also building in the Independence area an east side city.

““It might have been later, but we got our orders in and reached a number of milestones to have it ready before the RNC,” Cury said. “It’s great that it will be in Cleveland.” Cury’s project is going in on a portion of the excess parking at the Holiday Inn Rockside, whose Cincinnati-based owner, JAGI Cleveland, is his client for the Springhill Suites because they felt the market was ready for more rooms.”

Growing is an excellent gauge of things to come in the real estate market in Cleveland Ohio Metro area! Having all the great Hotel choices only makes Cleveland a great Hub for your real estate portfolio growth! Brett Young Coldwell Banker BrettaYoung.com

Remember if your not happy with the price of your rehab with your current property management then call Rooftop.  We have a full staff of people to help with those high prices!

Call Brett 602-363-6551

Hotels are digging Clevelands local landscape

Hotels are building very rapidly in the Cleveland Metro area according to a story in  http://www.crainscleveland.com/ By STAN BULLARD.

The average new build in the hotel arena a year was usually 1 to 2 a year but now they are building or going to build 14 new ones in this area. This also creates a lot of construction jobs in the area.

” More than 10 hotels are under construction or scheduled to start this spring in the region. Four of those are rising or are scheduled to go up this year in western Cleveland suburbs and Lorain County. Along with the just-completed Cambria Inn in Avon, they are the first new West Side hotels since the 1990s.”

Cleveland is a growing city that is attracting a lot of white color jobs that will with all the new hotels. They are also building in the Independence area an east side city.

““It might have been later, but we got our orders in and reached a number of milestones to have it ready before the RNC,” Cury said. “It’s great that it will be in Cleveland.” Cury’s project is going in on a portion of the excess parking at the Holiday Inn Rockside, whose Cincinnati-based owner, JAGI Cleveland, is his client for the Springhill Suites because they felt the market was ready for more rooms.”

Growing is an excellent gauge of things to come in the real estate market in Cleveland Ohio Metro area! Having all the great Hotel choices only makes Cleveland a great Hub for your real estate portfolio growth! Brett Young Coldwell Banker BrettaYoung.com

Knowing what first time home buyers want can make you money

I found this story from http://www.zillow.com/ by and he talks about all the things that first time home buyers want.

The first part he mentions is the affordability of a home.  That is a major first factor that they look at.  We currently have a home listed in the Moreland Hills area that is $275,000.  If you want to be in Moreland Hills that is an entry level home for that.  That is the type of homes we purchase about 75% of the time.

The next factor that he list is the neighborhood type.  If the area has all the amenities that someone would want and if there is street noise that can be heard from the property.  It also mentions places that you can walk too.  That to me is what makes properties worth more is that walking factor.  Lets face it if you can walk to a Starbucks or any other quality coffee house from where you live would that be a factor to you if you were looking at two possible properties to live in? I put a lot of time into knowing areas and what they have to offer.

The last two things they talk about are the neighbors and Schools.  You want to look at the neighbors and make sure before you buy that they are keeping the property in good condition.  I know in a lot of cities in the Cleveland Metro they really monitor the lawns and the condition of each property. In fact if you do not mow the lawn the city will do it for you and send you the bill.  That does help keep your neighbors in line on the condition of the property.

They will of course check schools if they have kids or going to have kids. and that becomes an important factor.

Every property we purchase for our investors we check all the above and see what type of property we have and make sure it fits our investors portfolio. Brett Young Coldwell Banker and Rooftopinvestment.com 

New Flip Property in Brunswick area

Here is another great flip opportunity. These return look awesome! This is a 3 bedroom 1 bath SFH in Brunswick. We want to offer $50,000 (ask $57900) It needs about $35K rehab. Not limited to new kitchen, update bath, flooring, new roof, new electrical. Resale $130,000. Average DOM 30-60.

Here are the estimated numbers:

$50,000 (asking $57,900) purchase
$35,000 rehab est

$85,000

$130,000 resale est

-$7800 commission (6%) est

-$1600 property taxes est (6 mo…it won’t be that long)
-$1500 closing costs est

$119100
-$85000 investment

$34100 Net

Call Brett 216-703-5740 Coldwell Banker and Rooftopinvestment.com or Email me at Brett@intenserealestate.com

Knowing Real estate details can cost you big!

I’ve been doing this for many many years and I understand that there are many different thoughts of real estate.

One thought is that the house has to be absolutely perfect to sell. This thought is good most the time but sometimes it can cost you a ton of money. Let me give you an example if you’re selling $1 million house that needs million-dollar things and people expect those types of amenities for the house. If you’re selling $100,000 house you need to be careful that you don’t put million dollar house amenities in but what is right for that property.

The way you do that is look at the sold properties and see what they have in rehab and all the upgrades they added. You need to also look at the days on market and really concentrate on the lower days on market items.

I’ve sold many many houses the range from $100,000-$525,000 I’ve usually been able to not over do a property.
Let me give an example should you use granite countertops or just regular countertops? My thought process is always based on the sales price and where you are selling the property. Example a median price home in San Fransico is a very high end in the Cleveland area.  My guidelines(in Cleveland) run like this if it’s over $200,000 you definitely need granite countertops in the home in order to sell it most of the time. If it is under $200,000 then you may not need granite to sell it. Why do I even bring this up?

I’ve been working on many different houses lately and I’ve noticed that the budget is significantly changed if you do not used the proper types of amenities that the home needs to sell for the price you desire. Many times I see investors go overboard or under board on the homes and expect a better result.  This does not always happen and they end up spending too much money.

Knowing were to get your products for wholesale prices also is a huge factor in getting better profits for your property. Brett Young http://intenserealestate.com/ and Coldwell Banker

Tired of being the best kept secret in Real Estate?

Starting a real estate business whether you are a Real Estate agent or a real estate investor can be tough if you don’t know how to market.  Dealing with websites, social media, blogs and podcast sounds really hard.

As an agent/investor you also need to know how to find the properties and how to get clients and keep them.

The strategies that Brett has used since 2000 has generated $1,000,000’s in commissions and profits from real estate transactions.  Knowing these strategies has made Brett huge money year in and year out. 

Having all the tools in Marketing and knowledge of your product Real Estate is crucial to your success in the field. 

Only a hand full of Real Estate agents and investors make the big money and enjoy it year in and year out. Having the knowledge that your business will produce every year is security.

Brett see’s agents and investors everyday that struggle in the real estate business and keep changing their strategies and hope for a different outcome.  Talking to an agent this week that had to get a job because they could not make in money.  Brett showed them how to create leads and how to get some fast checks through other non-traditional ways in real estate. 

Imagine if you had all the knowledge of doing over 900+ properties and $85 million in real estate transactions?   That is what Brett has done and for the first time ever he is offering this to a few people.  The first class will only have 4 people in it and it will be a very intense class that you will be able to immediately start using for your business. 

If you want to quit wasting your time and start building a business that will generate as much money as you want it to then sign in below. Once the classes are filled that’s it until next year! 

 

!

 

 

  • Contact Me

  • Latest Real Estate

    We're sorry, but we could not find any listings with this criteria.