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

Unlimited Real Estate Magazine


Unlimited Real Estate
Making Real Estate Deals 

 

New City Hot Buy: Getting Great Real Estate just got easy

 

 

 

This property is located in a very highly desirable that has all the amenities close by.  The city is only 15 minutes from downtown Cleveland.   The home does need some work but has almost 1/2 acre lot.  That’s all great but lets go over the approx numbers on this property.

Rent: $1000-$1100 per month

Taxes: $207
Property Management: 105
Insurance $60

Net Monthly Income: $683

These are the type of properties that get you the best tenants and a great equity position.

The seller is asking $59,000 we need to offer $50,000

The rehab will be around $25,000

Total approx investment is $75,000

This home is in a great area and if you want some more details please call Brett 602-363-6551

 

New Hot Buy: Investors dream home 

 

 
 
  Great Ranch style home that needs a little TLC.  In another very quality location that.  This property will get quality The home might need a new furnace.  This home is in a great area and on a good street.  Low money to for a cash flow property Call Brett 216-703-5740 Coldwell Banker  
 
Lets go over the Numbers
 
Offer____________$37,500
Projected Rehab
_________$20,000-$25,000
 
Projected Rent_______________$875
Taxes Monthly____________$172
Property Management________$  88
Insurance__________$  60
 
Net Monthly__________$563
 
This is a great deal that will be a great addition to anyone’s portfolio
 
Call Brett 216-703-5740 Coldwell Banker
 

 

Is your real estate in the best areas?

 

 

 


Do you know the best areas for your real estate portfolio? Having the licensed Realtors that understand all the different areas is priceless for your portfolio. Check out this new video and call Brett 216-703-5740 Coldwell Banker and get your portfolio in high gear!

 

 


 

 

Real Estate Marketing On AutoPilot

 

 

 

Planning on being a Real Estate agent?  A lot of agents only look at the bottom line for them and that is important.  The most important factor though is getting clients and keeping them happy.  Having served 100’s of clients you need to understand what you business is and what type of client you want.

For example if you want to deal in Luxury homes then you need to establish the areas and prices of the homes you consider to be luxury. You also need to understand the marketing that is expected when you buy or sale properties.

 Me and Lori almost always do Open houses on Sundays.  This does two things it helps people who don’t have realtors or they are with them to see your property.  The other more important thing is you can listen to the visitors comments and see what they think of the property their likes and dislikes.

Whether you are an investor, buyer or Realtor you also need to market your service and you properties. I have several websites I do that with Click here to see one.  This really lets everyone know what you have 24/7.  I even have a you tube channel that sold a $250,000+ home.

The problem is getting all the right information and training to get your whole business model put together.  My websites get 100,000’s of hits a month and that keeps me pretty busy.  My practice will stay smaller now and I will personally be dealing with each property.  Getting bigger is not always better when you building a practice.  Make sure that you have people around you that share the same ideas you have and have the same work ethics.

When you do have the right marketing then you can really pick and choose who to serve and make more money doing it.  More importantly your clients will also get better service from you and will be very satisfied clients.

Make sure that you send them a weekly update and communicate on a regular basis.  I always send videos and picture updates to my out of state clients.  Remember You Tube is FREE!

These are just a few tips on how to be a successful real estate agent. Brett Young Coldwell Banker  Also check out my Real Estate Classes here

 

 

 

How to invest in Real Estate in Cleveland Ohio?

 

 

 

Investing in Real Estate in The Cleveland Metro area can be Challenging if you don’t have the right information on were to buy.  I see a lot of investors that end up on both sides of the fence.

The areas that you want to invest in are ones that get the highest returns in the better areas that attract quality tenants. You also need to know the city and how it treats a rental property.  A lot of cities have what they call a Point of Sale that investors not only need to be aware of but you need to know the difference in the policies from city to city.

I have personally dealt with about all of them.  That is why I decided to put together a series that will go into detail of the Cleveland Ohio real estate market.  My company has purchased over 300+ investment properties so I will give you all the tips and cities you should consider.

For example a possible new client of mine called to ask about one of the cities in this area.  The area was a nice high rent area but the city Point of Sale was a huge challenge to pass. I explained that the property was a nice one, but keeping it in budget would be a challenge.  That particular city is very hard to get inspections.  Sometimes 2 weeks and they sometimes add on new items on the point of Sale report that you have to repair before you will pass. Sounds good until it’s a garage floor with a crack they want replaced or some other high dollar item that the contractor did not see. Lastly it was also the amount of time and the re inspections that the city has.

There are good Point of sale cities that you can do business in that are easier and the returns are just as good or better.  You also have other cities that have no point of sale that are very quality cities.

This report will be about almost all the cities that surround Cleveland.  I have done work in all of them.  Want to get the most comprehensive report on the cities you want to invest in? This exclusive report will be coming out in early June. Sign in below and be the first to have an edge on How to Invest in Real Estate in Cleveland Ohio.  Brett Young Coldwell Banker

Home Prices Are Climbing Faster and Faster, but This Is Not a Bubble

 

 

 

Here is a story from http://www.realtor.com/ by By:  that compares this market with the 2005 bubble market.

The key in this story is the available inventory of homes being less than 5 months.

” An equilibrium level of supply on the market is considered to be six to seven months; supply has been under five months since December. Looking at every quarter since 1988, when supply was under five months, prices rose 8% year over year on average. When supply was in the equilibrium range, prices went up only 4% on average.”

I was looking at some properties in Aurora Ohio this weekend and noticed a ton of new homes being built in that area.  The homes ranged from $150,000 and up.  We also stumbled on a lake that was called Aurora Pond believe it or not.  It was an very nice area were homes ran from $200,000-$750,000.

The only obstacle to another robust market is lending.  This story does not challenge that but I know from being on the streets that first time home buyers need to get back into the home buying market. To get them back they need some lending programs to help boost young adults to purchasing the very affordable homes currently on the market.

Lastly this story does point out the Rent ratios being what they were in the mid 1990’s.

“Likewise, relative to rents or incomes, median home prices are not “unhinged” from long-term averages. The price-to-rent ratio is similar to the rate in the mid-1990s. It was 35% higher in 2005. The price-to-income ratio is now where it was in 2001, and it was about 30% higher in 2005.”

All this information tells us is that we should be in the market know before the market really takes off. Brett Young Coldwell Banker 

  

Plan on getting Rich as a Real Estate Agent or Investor?

 

 


Planning on being a Real Estate agent?  A lot of agents only look at the bottom line for them and that is important.  The most important factor though is getting clients and keeping them happy.  Having served 100’s of clients you need to understand what you business is and what type of client you want.

For example if you want to deal in Luxury homes then you need to establish the areas and prices of the homes you consider to be luxury. You also need to understand the marketing that is expected when you buy or sale properties.

 Me and Lori almost always do Open houses on Sundays.  This does two things it helps people who don’t have realtors or they are with them to see your property.  The other more important thing is you can listen to the visitors comments and see what they think of the property their likes and dislikes.

Whether you are an investor, buyer or Realtor you also need to market your service and you properties. I have several websites I do that with Click here to see one.  This really lets everyone know what you have 24/7.  I even have a you tube channel that sold a $250,000+ home.

The problem is getting all the right information and training to get your whole business model put together.  My websites get 100,000’s of hits a month and that keeps me pretty busy.  My practice will stay smaller now and I will personally be dealing with each property.  Getting bigger is not always better when you building a practice.  Make sure that you have people around you that share the same ideas you have and have the same work ethics.

When you do have the right marketing then you can really pick and choose who to serve and make more money doing it.  More importantly your clients will also get better service from you and will be very satisfied clients.

Make sure that you send them a weekly update and communicate on a regular basis.  I always send videos and picture updates to my out of state clients.  Remember You Tube is FREE!

These are just a few tips on how to be a successful real estate agent. Brett Young Coldwell Banker  Also check out my Real Estate Classes here

 


 

 

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