Investing and real estate today
In today's real estate game you need to have not only a great property but a system that helps ensure your success in this market. Today's real estate is much different than the past real estate days. The thing to remember is there are always great wealth to access in real estate in every market.
In today's market I really like the cash flow game because of the low entry price and the high rents. I know my area we get extremely high rents and our net cash flows after expenses is 14% – 21% just on the rental income. The equity is also a great factor, but the only gauge to go by is what it's worth in today's market. I see a lot of ads stating that the homes sold for this or that in 2006. That has nothing to do with today's market.
Cash flow is a great way to buy-and-hold your property until we get back to the flipping of properties type market. If you study any history you know that people like the Rockefellers created most their wealth in down times. I know in the Cleveland area I just purchase a beautiful three bedroom two bath property, on a great street. The house was only $13,000! Imagine buying a house for $13,000 I mean that was the prices during the Mayberry episodes. I remember watching one episode where the home was $7000 they felt I was not at that time. Click here to see our areas
So we're in a time to make and create great wealth. We make great cash flow right now and great wealth when the market gets back to a sellers market.
I flew all over this United States of America and checked out many different places to invest in . I've also looked at what other people in my industry are promoting. I came up with Cleveland Ohio being the best place to invest why?
The Midwest was hit the hardest in this economic downturn, but they have adjusted to the new type of economy that will be the future. For example Cleveland clinic just finished a $400 million upgrade, Progressive Insurance is in Cleveland. Also there are 25 universities and colleges that surround this area. They have basically went from a blue-collar type area to a white-collar let me give you some more examples.
University Hospital just finished a new and beautiful complex that employees thousands of people in the medical field. This hospital has many campuses in the Cleveland area and they are known for their cancer treatments. They are the second biggest hospital in the Cleveland area.
Lastly and there are a lot more industries that have been here a long time and are here to stay. Let me give you one example Lincoln electric in Euclid a suburb of Cleveland. This company employees thousands of people and have been in Cleveland area for 50+ years. So as you can see this area has a lot to offer one more example Nestlé's has a large Stouffer's frozen food plan and Solon Ohio right outside of Cleveland. Great industry as long as everyone keeps eating ; )
So if you're looking to invest in real estate don't just look at the real estate look at the area and the economy in that area. This will help you make more money on your investment in the long run. Brett Young Valley Realty WWW.rooftopprofitmax.com