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Sunday, November 30, 2014

December and real estate investing



I know a lot of real estate investors think that  December is a bad time to do anything in real estate investing.

There's nothing that could be further from the truth. I personally really like December because there are two things that happen. You can get better buys in real state because there are less buyers. You can also sell real estate because there is less advertising for buyers in the market.

I know this because I went to a showing yesterday at a home I just finished and had a very interested client that will probably write an offer next week. Most people were watching football or shopping I was selling real estate. We had another house out in Hudson Ohio but also had a very interested buyer. There is simply less inventory for buyers to look at.

As most of my clients know I advertise very heavily for good reason. It keeps  properties selling and helps find the better deals that are out in the market.

December is only four weeks and by the time you find a house to purchase you're probably going to be into January. So anytime you're looking to purchase real estate start up the new year Decembers probably the best time to buy.

For investors I found a great story Bank rate.com that talks about great buys you can fine during December. It talks about that some of them want to really all their homes and urgent to do it. Click here to view that story by Marcie Geffner • Bankrate.com

It also talks about the limited supply during that month. So if you do have someone who wants to move in that area we know a lot of people that are transferring right now. Then they have to look at those properties that gives you less competition to sell in December. Click here to view that story. by Marcie Geffner • Bankrate.com

My biggest month in my real estate career was in December. I made quite a bit of money $75,000. This is because I take the opportunity when there's less competition to really advertise to help get my clients properties bought and sold Brett Young Rooftop investment.com

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Friday, November 28, 2014

Happy Thanksgiving from Rooftopinvestment.com

We here at Rooftopinvestment.com wishes you and yours the happiest of Thanksgivings.  We made this special video for you on this special day!

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Wednesday, November 26, 2014

Rooftopinvestment saves you time and Money

Time is money and losing the best deals if you are not on them daily.  Rooftopinvestment.com has devoted our lives to getting those deals.  We look daily at new inventory and estate deals.

Lets look at some recent deals  We just bought an excellent property in Bedford for $25,000 dollars and one in Bay Village for $150,000 (it worth $280,000 after rehab).   

So you can see we buy all over the board on properties.  We look for deals in over 15 cities and understand them in detail.  For example knowing the rents in the area and the sales price is everything to an investor.

I also made up a video which is a great overview of this process and how we work.  Call Brett 602-363-6551


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Tuesday, November 25, 2014

Cleveland Clinic names president



I found this story at http://www.wkyc.com/
Yet another new hospital is being built in Avon Lake Ohio.  That mens more white collar great paying jobs are coming in the Cleveland area.  This is a huge facility here is a snippet from this story.

"The five-story, 221,500-square-foot addition is estimated at $143 million and is scheduled to open in 2016."

This hospital will have 126 rooms that will have short term patients.  It is also another Cleveland Clinic hospital. This hospital will add to this community and to the area in general.  This area is already has a very hot real estate market. 

Visconsi details plans for 205 apartments in Little Italy, gets initial Landmarks Commission approval


Little Italy is such a great place to grab a bite eat at and is close to University Circle and Downtown Cleveland.  It is a area loaded with heritage and great places for people to walk to from their homes. 


This shows that the area is adding places to live and rent.  This is a huge sign for the future and how the population is growing.  The direction in all these areas are updating the housing and making it possible to live close to the amenities.  This does two things rents are usually higher in these units which effects all the overall prices in the surrounding areas.

Not only does it effect the rental rates it also effects the sales prices.  How does it do that? When areas get updated it tends to make the area more expensive to live in and less inventory to buy.  With Cleveland doing these types of upgrades everywhere near the downtown what do you think will happen to the surrounding areas.  Brett Young Rooftopinvestment.com





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Sunday, November 23, 2014

Building Your Real Estate Investment Portfolio

Rooftopinvestment makes buying quality real estate easier and we always have deals to buy.  That is probably the most important thing that an Real Estate Investor can have. Imagine having Licensed Realtors that understand the details in Investment Real Estate and all the tools needed to get the top sale price or rental price.

 We have the options and you have the choice at your fingertips. 

Making Real Estate work for our Clients is all we do. Call Brett 602-363-6551


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Just Finished Property In Lakewood Ohio

Check out the finishes in this property up in this Lakewood Ohio area.  This property is a flip property. Check out the detail that was done in this property.  I also added the before pictures to see what it looked like before we started.

Notice there was no bathroom in the 1st floor before we started this property. Also look at the added cabintes.  Overall there were a lot of changes check them out in this blog.

Want to buy this property call Brett 602-363-6551 this property is a 4 bedroom 2 bath property 1902 sq feet. The price is $179,900.

Before



After 


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Friday, November 21, 2014

New Weekly Ad; Bedford Heights Hot Deal #2


 Split Level 1600 Sq ft 3 bedroom and 1 ½ bath home in Beautiful Bedford Heights. Fireplace in the family room, slider to the patio, formal dining room and a generously sized kitchen. Attached two car garage.   The list price is $64,000, we suggest to offer $58,000 up to $60,000. The property sold for $154,000 in 2003.

Property #’s Below:

List  Price -----------------------------------------------------$ 64,000

Offer price --------------------------------------- $58,000 to $60,000

Rehab Cost --------------------------------------------------- $ 27,000

Total Cost including rehab and purchase---$ $85,000 to $87,000
 

After Expenses Projected Positive Cash Flow

Rent ----------------------------------------------------------$ 1200

Prop Management ---------------------------------------- $      79

Taxes -----------------------------------------------------    $    260

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

Positive Cash Flow ---------------------------------------- $   811

Call Brett 602-363-6551


New Weekly Ad; Bedford Heights Hot Deal #1

This single family ranch style home features five total rooms. The upstairs offers a living room, three bedrooms, one full bath, a kitchen with a eat- in area. The basement offers a recreational area on one side and a laundry/utility room on the other. Property offers a two car detached garage and a nice back yard. The list price is $30,000, we placed an offer of $27,000. The property sold for $103,000 in 2003.

Property #’s Below:

Purchase Price ---------------------------------------------------$ 27,000

Rehab Cost ------------------------------------------------------- $ 25,000

Total Cost including rehab and purchase-------------------$ 52,000




After Expenses Projected Positive Cash Flow

Rent ------------------------------------------------------------$ 950

Prop Management ------------------------------------------- $    79

Taxes -------------------------------------------------------    $   168

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

Positive Cash Flow ---------------------------------------- $   653

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...