Unlimited Real Estate Magazine
Getting Common Sense Real Estate
Turn Key Duplex Available w/great cash flow
I have brick single level duplex available that gets $1065 a month in net income after taxes,insurance, and property management. The property is located in a very nice city. These types of properties tend to stay rented for a longer period of time. These are the properties you want.
The property is over 2000 sf and a new roof and hot water heater in the last three years. The central air was replaced in 2008. This property backs up the metro parks and is close to the freeway. It sits on almost 1/2 acre lot.
There is almost nothing for sale in this area and the available rentals is almost 0. This is a high demand area. That is why you want to consider this property for your portfolio. It keeps your income checks consistent. We will also have inspections and get a home warranty with this property. The home is already rented.
The reason for the longer period is that the people will work in this area and like to be closer to shopping and many other amenities that are in this area. Lets go over the approx numbers.
Offer_____$175,000
Rent_______$ 1,645
Tax________$ 315
P/M________$ 165
Insurance_$ 100
Net proceeds_____$1,065 per month
This is a luxury area that will keep you making money for years to come. Call Brett 216-703-5740 Coldwell Banker
Ohio’s Leading Discount Listing Broker
If you want to get your home sold quickly and have our cutting edge marketing, we have a discount for you are clients. Our proven system has got our properties sold quickly.
How do we do that? Through multiple channels on the internet Click here to view and we also have a network of realtors that we work with us to sell homes. Having that behind the sale of you property will get more potential clients and get your property sold. We sold our last two listings in less than 20 days.
If you are buying a new property when you sale your current one we really have a great deal for you listing.This savings will maximize the amount of money on your listing.
I know what your saying how good is it if it’s discounted? You will get our full service treatment with your listing. We want to be your Realtor! Giving the discount gives you a better deal and gets us great exposure. This will get us more business. I have personally sold 100’s of properties with this system and I will sell yours.
If you want a professional Valuation on your property Click here
Sign in below and let me get you a great deal and save you time and money on listing and selling your property. Brett Young Coldwell Banker
Click here to get a quote on your homs.
High Income Luxury Rental Property
Here is a Luxury rental home that is located in an area that gets $1500-$1600 a month in rent. The home is over 1700 SF and is a 3 Bedroom 2 Full bath home. It has a open floor plan Large sized bedrooms and a newer Heater. The basement was waterproofed and the down spouts were replaced recently. Most of the windows in the home have also been replaced with new. The homes in this areas sell for $150,000-$170,000. The higher comp has the better finishes in the home.
Lets look at the approx numbers
Home cost
________$135,000
Rent______$ 1500
Tax______$ 194
Insurance$ 100
Property Mang
_________$ 150
Net Proceeds
__________$ 1056
Call Brett 216-706-5740 Coldwell Banker
2nd home retreat deal
This property is located in Walton Hills They are asking $489,900 for it. and is a great place to hold your company or family retreats. This area offers Golf, Hiking and is laid out on a 6 acre parcel. Privacy will be at a premium and you can relax and enjoy the outdoors year around. Many activities are available in this area. There are also awesome eateries and shopping close by Here is the description.
“This 6+ Acreas Park Estate Has A Grand Entrance,and Is Beautifully Landscaped. Custom Built by Sherwood Builders, Home Features Quality Anderson Windows, Oak Floors, Handmade Oak cabinetry, Professional Stainless Steel Appliances, Central Vacuum System, and a Great Walkout Lower Level. First Floor Master Suit Features Walk -in Closet, Large Glamour Bath and a Jet Tub With Great view Of The Back Yard. Two Story Great Room With Fire Place, and A Slider to A Large Deck ,Overlooking Park Setting with a Creek . Also Featuring a Formal Dining Room with a Tray Ceiling. Upper Level with Two Bedrooms with Spacious Closets and Full Bath. The Walk Out lower Level Features Full Kitchen With Stainless Steel Appliances. A Family Room With Fire Place, Dining Area, Two Bedrooms, Full Bath, and Abundance of Storage , “Lower Level Makes a Great In-Law Suite “. Home Has A Three Car attach Garage and Parking Area . This Double Lot is on a Quite Street which offers Park Features That Allow For Hiking,Four Wheeling or Just Relaxing With Family and Friends. The Community Offers a Parker Summer Program For Children. The residential Lakes/Pool Open During the Summer Months and Activities announced Throughout The Year. Must see to Appreciate All of the Great Features and the Quality of Workmen Ship “
The property is a 5 bedroom 4 bath 5000+ SF that was built in 2004. It has wooded and canyon views that would cost triple anywhere else.
As you can see you can Golf, Eat or hike and fish no matter what you like it is available with this property. Call Brett 216-703-5740 Coldwell Banker to get a great retreat for you and your family. This is also a great retreat for your company to get some relaxation and business done all at the same time.
New Income property
Here is a new income property that needs no construction. This property is located in a desirable area and will get around $1000 per month in rent. Lets look at the description of this property;
Very attractive 4-bedroom Cape Cod with lots of light on a quiet dead end street. 2 full baths nicely updated. Brand new stove and built-in microwave. Dishwasher & Garbage Disposal. Lovely cabinetry and first floor utility/laundry off the eat-in kitchen. New carpet(2015), paint (2015), and fixtures (2015). Newer 2-1/2 car garage with opener. Backyard fenced in completely with privacy fence and gate. Newer roof, windows, doors (including storm doors) and driveway along with slider to patio.
As you can see a home warranty and a great tenant will get you consistent checks. This one may also be a great lease option candidate. Here is how that would look.
This is what I would see in a Lease Option package . $2000 Down Option sale price $100,000. That would get you a profit on the sale of the home and a great income. Lets look at the Approx income numbers
Cost of Home_________$82,000
Rent_________ $ 1000
Taxes________$ 198
Property management
_____________$ 100
Insurance_____$ 60
Net income___$ 642
If you decide to lease option this property you will also have $18,000 gross profit there. As you can see this property has a very nice return. Please call Brett 216-703-5740 Coldwell Banker to get more information.
Mortgage applications skyrocket more than 25%
Here is a story from http://www.housingwire.com/ by Trey Garrison
This story talks about the changing lending law and that there are a lot more people getting mortgages. I think with the rising rentals buyers are starting to re think their oppositions. Having the market the way it is today it is getting harder to buy real estate because of the low inventory. I have clients who wrote on 2 homes and lost them because of bidding wars. I am currently working with 8 buyers. Northern Ohio Market is booming!
” After a summer of subdued or declining activity, mortgage applications increased 25.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 2, 2015.”
A lot of investors think that with the winter coming that hurts sales. It has not for us, Lori sold $600,000 worth of real estate that closed around Christmas of last year. Buyers are always looking for homes and they don’t quite hiring because it’s winter.
“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 3.99%, the lowest level since May 2015, from 4.08%, with points increasing to 0.46 from 0.45 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The effective rate decreased from last week.”
The Cost of a Mortgage has also gone down and buyers are noticing it. The homes that are remodeled and have all the upgrades are selling very fast in the Northern Ohio Market. These are homes that are priced north of $280,000. They are going in as little as 5 days.
Buying Real Estate today can make you a fortune in the future. Brett Young Coldwell Banker
Rents continue to rise…Over Mortgage payments
This story comes from Zillow.com By Zillow Team and it talks about the rising rents in the metro areas. They cost more money than a mortgage payment, a lot more.
People can buy homes and have less payments than rent if they wanted too. I know that in a lot of our markets that is the case. We are buying a home in a city here and a buyer would have a payment of around $500 a month. Our client can rent that property for $950 a month easy. That is almost a 100% difference in renting versus buying.
That is why I am pushing the Luxury home market. The rent on these properties are fantastic and they are in high demand. These areas also double as good flip areas that will continue to gain equity with the upswing in housing prices. Remember your property still has to be in a desirable area when the market swings in order for you to profit from that property. A lot of investment experts don’t seem to understand that.
The biggest gains will be in the Luxury home market. The reason is simple those buyers are always buying and wanting to live in the areas they can enjoy and have all the amenities they expect at their fingertips.
People area still renting real estate and the professionals that want the top areas are willing to pay for it. Want to get into the luxury rental market? Call Brett 216-703-5740 Coldwell Banker
Having the power and knowledge in Real Estate Investing
Saying that you understand Real Estate Investing and how all the different details that need to be done is a huge item. Breaking down each component and understanding all of them work together to help make you successful is the way to know Investment Real Estate.
I have personally dealt with all the aspects of real estate through being an Real Estate Agent, Contractor, Property Manager, getting tenants, and buying and selling. I have done this since 1985 and also have seen the up and down markets.
I my new video series I want to pull back the curtains and teach you how to know what you area buying and what you should expect for income. This series isn’t a bunch of theory that are general and not very informative. They are tried and true detailed ways to look and test your properties.
After over 900 transactions I have a great insight of how you can know you have a great deal. This series will also teach you how to profit from every aspect of Real Estate. You may even want to set up your own business.
Either way you will have the knowledge of real estate very few people have. It not only gives you the upper hand but it lets you understand all the nuts and bolts of how real estate investing works.
I want you to understand what you are buying and know all the cost associated with the purchase. For example who is selling it and why? Why is someone promoting a certain area and what is in it for them? Should you deal with real estate trust funds? How to know if a property is a flip or a rental? How to help market your property to sale or rent. How to know an area is great for your portfolio and so much more will be given to you in my course. Sign in below and get your free video on How to know Investment Real Estate. Brett Young Coldwell banker
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Keeping your income property making money
Keeping your property making money has many different facets. First you have to consider the cost of the maintenance and what it will cost you do not do the maintenance in the future. For example if a client of mine has an asphalt driveway that needs resurfaced. The cost to do that is $750.00. If they wait until next year the driveway will have to be replaced costing them around $4,000.
As a property owner you also need to have to make sure and only do what is necessary and not over spend on the project. That will eat into your income for that property. It is a delicate balance between over spending and under spending. Dealing with a company that understands it’s an income property gets you properties done in a correct manner.
After the maintenance is finished you need to get a tenant into your property. We also do this for our clients. Getting the most amount for your rent requires a company that focus on getting your property rented with massive marketing and working with your management company. We get more money for your property because that is what we do. We can also get you set up with our management or another property management that will take care of managing your properties.
If you are having difficulty with your property making money get with us. http://rentdirectpro.com/
In the end we can keep your cost down because we know this business inside and out. Our clients save both time and money with our service. We help make your property a turn key deal.
If you need our services please Call Brett 216-703-5740 Coldwell Banker
Vanguard Beachwood luxury apartment rents to reach $2,000
Wow more luxury apartments that will be $2,000 a month in Beachwood Ohio. The luxury property trend in the Cleveland Metro area is taking hold. I found this story at http://www.cleveland.com/ by Bob Sandrick, Northeast Ohio Media Group .
This new project will have all the amenities according to this story.
” Amenities would include a heated pool, fire pits, a dog park, pet spa, a state-of-the-art exercise center, library, coffee and espresso bar and barbecue cabanas with TVs. Apartments will contain stainless-steel fixtures, washers and dryers, 9-foot-high ceilings, walk-in closets and heated bathroom floors.”
There will be 206 units 50% of them will be 1 bedroom apartments. The project will cost $36 million Dollars. It will be located in Beachwood Ohio.
” Langdon said Covington wants more single-bedroom apartments because Vanguard Beachwood would attract young professionals working for new, large companies in the city. He said The Vue, a high-end apartment complex that opened in January on Chagrin Boulevard in Beachwood, has seen single-bed apartments fill faster than other units.”
This is a great sign that the professionals that move here without family will want these types of Luxury Apartments. Professionals with families will probably prefer the surround areas that have all the needs they want. That is where I think investors can build a great luxury income property portfolio.
Luxury income properties are affordable and can really get you a very consistent income while growing your equity position.
Getting $2,000 dollars for an apartment will only help the rental income in the income luxury home market. Watch this blog for some great Luxury income property deals that are in the Cleveland metro Area. Brett Young Coldwell Banker 216-703-5740
Setting Your property up for the maximum Income
When you have had your income property for a while or your just purchasing, you need a company that can look at it and know how to get the top rents. We have rented over 400+ properties in multiple states and understand how to get the best rents. We also can assist you in finding the right management company.
Property Management companies sometimes cannot get the top rents because they focus on the management and collection of rents of that property. I had a client that had a very nice home in Bedford Heights Ohio. The property management said that he would get $200 less than what I had estimated. I took the challenge and got the property rented in the winter with no heat on. The very first potential tenant was qualified through their property management team for my estimated rent. $200 a month is a lot of income to miss on your investment.
I am currently doing another clients property and getting him a $100 more than the property management projected. This is real properties and real income that would have been missed by the management company.
Marketing a property is a very detailed process and needs to be done with a Realtor that understands the rental market in the city your home is in. Rates for rents can fluctuate from city to city or from home to home. We also rehab your property while we are renting it. During our rehab period we advertise your property and usually have it rented before we are done. We have approved property management companies that can handle your properties when we rent them.
Being a smaller company allows us to give our clients more detailed attention. You want the maximum income your property can get Call Brett 216-703-5740 Coldwell Banker
We will formulate a detailed plan that gets you the most income for your investment.
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