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Tuesday, September 30, 2014

Brand New Investment Real Estate Hot Buy




1.5 Story Cape Cod style home with great curb appeal in Parma, OH. 3 bedrooms, 1 bath. Nice hardwood floors. Newer roof. Full, partially finished basement. 2 car detached garage. Fenced in spacious lot. 5271 W. 50th Street, a renovated home (within one quarter mile) sold for $103,000 this month!!












Property #’s Below:

Purchase Price ---------------------------------------------------$ 48,000

Rehab Cost Pus ------------------------------------------------- $ 20,000

Total Cost including rehab and purchase-------------------$ 68,000




After Expenses Projected Positive Cash Flow $727

Rent -------------------------------------------------------------$1025

Prop Management -------------------------------------------- $    82

Taxes ---------------------------------------------------------    $   166

Insurance ------------------------------------------------------ $    50

Positive Cash Flow ------------------------------------------ $   727

ROI ------------------------------------------------------      13%

Call Brett 602-363-6551 to reserve this property

Monday, September 29, 2014

The life of your real estate investment



I was with a client yesterday that really got me thinking about what Rooftopinvestment does. His questions got me to write this blog so thank u client.

Rooftopinvestment.com really takes care of everything for clients. One example my client mentioned hey particular property management he was using. We gave him two more options that he could use and we felt more comfortable with.

He also was very happy with the rehabbing that had been done and wanted a few more items addressed. We went through the house three times and he added a list that he wanted done very minor items. And he was assured that would be done by Friday of next week. We also informed him that we had finalize all the city inspections and that his property was good to be rented. 

Rooftopinvestment.com also had some potential tenants for his two units which she was very excited about. We not only help with finding the proper property management but we also advertise units to get them cash for you quickly. We take a very active interest in each of our clients investment property portfolio. You're investing hard earned money and need to make sure that your portfolio has performing properties in it.

Rooftopinvestment.com also assured him that in the future. Example I gave to him was maintenance issues in the future not in the near. That we would be there in the future to help maintain maintenance cost on his units. That after all is a huge factor between making money and not making money.

After our long conversation with this client is another service a rooftopinvestment.com does we gave him an address to a great German restaurant that he could have dinner at. I Brett Young rooftopinvestment.com


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Sunday, September 28, 2014

New Property for sale in Hudson Ohio

This property we did in Hudson Ohio.  Hudson Ohio is an upscale area and one that anyone would love to live in.  I often go down to the Hudson Tavern which sounds like a bar but it is actually a really great restaurant.  Their salads and prime rib are second to known.

The downtown has two flavors to it old and new.  The city has a great old town fell were there are stores like Gap, Toy Store and a great coffee shoppe.  Behind the old town their is a newer mall area that also has great residential living.  There is a great grocery store their called Heinen's that has great groceries and pre made delicacies that you can take home and enjoy,  Check out the great look of that store:


   
This is some of the reasons  I like Hudson because of the area has a lot of amenities. You need to have all this for a great area.  The average income in Hudson is in the six figures. 

I say all this because it takes details to make sure you do well in the real estate market.  When our agents that work with us sale these types of homes I make sure that they know this area.  It is very important to know the feel of a town and what the benefits of living their area?

Look at this video of a home we just listed this weekend.  The details were done through the remodeling and the new finished basement,  Brett Young Rooftopinvestment.com.

Call Brett at 602-363-6551 if you are interested in this home our buying any home in these types of areas.


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Thursday, September 25, 2014

Weekly Ad: Large Colonial Home

Move your family right into this 4 bedroom , 2.5 bath Colonial with many updates. This home is priced for a quick sale and a great start for a young family just west of Taylor Rd. Updates within the last 3 years include remodeling kitchen & 3 bathrooms, whole house rewired , new windows , new plumbing . Interior has been repainted 2014 as well as new carpeting on 2nd & 3 rd floors . Hardwood floors refinished 1 st. floor . Monies have been escrowed for the driveway repair.





3413 Washington Blvd, Cleveland Heights, OH 44118





Purchase ---------------$55,000
Regab      --------------$ 25,000
Total.          ------------$80,000

Rent.    ------------------$1300
Pm.         ----------------$130
Ins.          ----------------$50
Taxes.    -----------------$354
  Net      ------------------$772 


Tax based comp $117,000

Possible Tax reduction of  35% to 40% (based on our history)

Call Brett 602-363-6551





Wednesday, September 24, 2014

Downtown Cleveland parking portfolio sells for $26 million

 gateway-district-parking-lot

Here is a story from cleveland.com by Michelle Jarboe McFee, The Plain Dealer 

This story is not about the $26 million dollar But the big project that is to follow. Stark industries and J-Dek investments LTD are doing.  This is only the beginning of this project.

Here's a quote from the actual story.
 
"The Plain Dealer first reported on the potential real estate deals in August. On Friday, Cleveland developer Bob Stark said he envisions a $300 million project - plus or minus $50 million - on the Gateway District land, a 3-acre block bounded by Prospect Avenue, Huron Road and East Fourth Street."

Yet again you can see that there are going to have to be more apartments (500 in this unit) with the 98% occupancy rate of downtown apartments they need them. This project also has 150,000 ft.² for stores and restaurants with 1500 parking spaces. 

Amenities will be plentiful in the downtown area and within walking distance.  

This project is set to be open up in 2016 or the spring of 2017.

So you can see the downtown Cleveland area is really shaping up to be a state-of-the-art and hip place to live. All the restaurants in the theaters in stores prices of rental only go one way up.

Included in the upward rents will be the outlining areas. Getting situated and buying in this market only mean one thing income. Brett Young Rooftopinvestment

Tuesday, September 23, 2014

Brand New Real Estate Hot Buy

1599 Wexford Ave, Cleveland, OH 44134 






Spacious western bungalow on a corner lot features four bedrooms, a newer high efficiency furnace and roof, hardwood floors on the first floor and plenty of potential!  Charming natural woodwork and crown molding, built-ins on either side of fireplace, a very functional kitchen and a relaxing front porch are highlights.


Property #’s Below:

Purchase Price -------------------------------------------- $ 39,000

Rehab Cost Plus  ----------------------------------------- $ 29,000

Rehab and Purchase Price ------------------------------ $ 68,000


After Expenses Estimated Positive Cash Flow

Rent -------------------------------------------------------- $ 1075

Taxes -------------------- --------------------------------- $   174

Prop Management --------------------------------------- $  107

Insurance ------------------------------------------------- $    50
Positive Cash Flow ------------- $   744

Call Brett 602-363-6551 

7505 MYSTIC RIDGE RD, CHAGRIN FALLS, OH — 4 Bedroom 5 Bathroom

This 4 bedroom, 5 bathroom Single Family for sale is located at 7505 MYSTIC RIDGE RD, CHAGRIN FALLS, OH 44023. View 31 photos, price histo...