Real Estate in Northern Ohio
Brett Young

The Good, Bad and Ugly of Real Estate Investments

This story comes from by

and it talks about the whole how you should know the market and the different ways to invest in Real Estate.

Here is a quote from this story that I really agree with.  This especially effects beginning investors and even some seasoned ones that get a little greedy.  

  “Some people buy real estate expecting it to appreciate a
lot over time,” says David Reiss, a professor of law and research
director of
the Center for Urban Business Entrepreneurship at Brooklyn Law School.
“But it can be risky – or even foolish – to pay so much for a property
that you’re
losing money on an operating basis just because you think it will

This paragraph above should also add that your property should be in an area that has all the amenities and a good school system.  This is especially true in the north east and mid west.

“Know your market
If you pay market price for an investment property, you probably
won’t see particularly robust returns. “It will make a market return, and if
you want to do better than that, you have to pound the pavement,” Reiss says.
“Look for deals that are underpriced for one reason or another. And you
won’t know which deals are underpriced unless you have a good sense of how
properties are priced.”    

This paragraph above is really true and can really only be done by Realtors that know the areas.  A great example of that is Lakewood Ohio were you have to know the areas in order to get the proper value of a property. I drive all the neighborhoods that I buy my clients homes in order to get the value.

“Turnkey properties
can unlock returns.
With a turnkey investment, you’re buying a fully
vetted, redeveloped property with tenants and a property manager. “It’s a lot
like buying a take-and-bake pizza. All the ingredients are there, and all you
have to do is buy,” says Scarlett Tassone, a vice president and mortgage banker
with PrivatePlus Mortgage in Atlanta. The downside is that compared with other
tenant properties, “they are not quite as lucrative and a bit more expensive,”
she says. “

In the paragraph above they are talking about properties that already have tenants in them They tend to be more money because an investor as already purchased the property and did the work to get it cash flowing.  It is really wholesaling a property except it is not a as is property in most cases. offers our clients a Turn Key system that allows you to purchase properties as is and we do cost construction that allows our clients to get higher returns.  We have two property managers to choose from or you can get your own.  Our properties usually net over $600 per moonth after Taxes,Insurance and Property Management.

There is more to this story and I will be writing a part two.  As you can see there are a lot of venues you can do in Real Estate and does pretty much all of them.  Brett Young 216-703-5740 Coldwell Banker


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