Wednesday, April 29, 2015

Investment Real Estate Risk



This story comes from https://www.inman.com/ by

"Out of all of the diversity found in the 1 percent — the most wealthy in history — the one common thread is that they owned real estate. Building a real estate portfolio and becoming a landlord can be one of the best wealth creation tools available. But, if you’re not careful it’s also one of the easiest ways to lose a lot of money."

That paragraph sums up all the wealth creation and how you can blow it also.  Having done over 300+ rental properties I can say that the vast majority do well and their are a few that do not.

One of the reasons for failure in the investing business is not dealing with some of the properties details. Maintenance and property management is crucial to your success. I deal with this myself everyday on my own properties. I had a roof go bad on a property and had to replace it in Indiana.  That was not fun but I had to get it done in order to keep it rented.

The home I have in Arizona is on a lease option and I do not repair anything. That property makes me a solid return monthly and is building a great equity position for my portfolio.

The investors that take care of there properties really benefit in the future.  Every home will have it's repairs and problems that is why you always need to look at your monthly net. 

"
5. Location success factors
Real estate markets are constantly in flux. National real estate trends might set the overall tone, but it’s all about local conditions. In order to secure long-term rental demand, you need to make sure you’re buying properties near sustainable supports — hospitals, universities, transit hubs, shopping and entertainment.
Identify up-and-coming areas. These are areas that are likely to see above market increases in value (net value increases more quickly).
Identify areas that are likely to see below-average increases in value.  Take a drive, and these areas will become more apparent to you."

This is very important for two reasons it builds equity and you can usually get much more for rent.  That usually gets you a better tenant and a longer term lease. I personally are in our cities and know all the sustainable supports that families want were they live.

Having your portfolio in the right areas is crucial for building a lasting portfolio.  Brett Young Coldwell Banker and Rooftopinvestment.com

 

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Monday, April 27, 2015

The Good, Bad and Ugly



The next type of property they talk about in this story at http://money.usnews.com by By is flipping properties.


"You might flip for flipping houses. In this form of investment, the goal is to get in short-term and sell properties at a markup. And while many investors make money this way, much depends on the neighborhood you buy and sell in, as well as hidden costs associated with renovating the property that can decrease its net return. “This type of real estate investment has more risk than owning rental properties,” says Rebecca Pavese, financial planner and portfolio manager with Palisades Hudson Financial Group in Atlanta. "

The flip market can only be done at certain times in the market.  Usually you want to be more of a sellers market.  This allows you to have more leverage in the sell.  The property also needs to be in a desired area were the Days on Market are low.  The last major thing to remember is the equity position you have after you've finished the project and your ready to put it on the market.  The equity is based on the retail price of the home the higher the price the more equity you need in most cases.

"   Increase your profit potential with an investment of time. Property development, management and administration often require an army of specialists. But if you’re adept at repairs, accounting or showing a vacancy to prospective renters, you can forego the fees associated with hired help. “Depending on your availability and your skills, these could be trade-offs that are worth making for you,” Reiss says."

To me this is the crucial part of real estate investing.  You not only need to have the right people but you need to know that those people will get the job done to your satisfaction.

The part that is not mentioned in this article is the marketing of your property.  Whether is is renting or selling a property you need someone that is going to ensure you get your property making money.  Few investors understand this part of the equation when you are thinking of all the aspects of real estate.  Example: I know a large investor that deemed marketing not to be all that important and didn't want to put any investment into marketing his properties.  He has wasted months of vacant properties just because he forgot the marketing part of the equation.

Good news is Rooftopinvestment.com have that part of the equation and all the other parts.  So if you want to get a nice healthy Real Estate portfolio in rentals or flips call Brett 216-703-5740 Coldwell Banker.   

 

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Sunday, April 26, 2015

The Good, Bad and Ugly



This story comes from http://money.usnews.com/ by



“Some people buy real estate expecting it to appreciate a lot over time,” says David Reiss, a professor of law and research director of the Center for Urban Business Entrepreneurship at Brooklyn Law School. “But it can be risky – or even foolish – to pay so much for a property that you’re losing money on an operating basis just because you think it will appreciate.”

This paragraph above should also add that your property should be in an area that has all the amenities and a good school system.  This is especially true in the north east and mid west.

"Know your market well. If you pay market price for an investment property, you probably won’t see particularly robust returns. “It will make a market return, and if you want to do better than that, you have to pound the pavement,” Reiss says. “Look for deals that are underpriced for one reason or another. And you won’t know which deals are underpriced unless you have a good sense of how properties are priced.”    

This paragraph above is really true and can really only be done by Realtors that know the areas.  A great example of that is Lakewood Ohio were you have to know the areas in order to get the proper value of a property. I drive all the neighborhoods that I buy my clients homes in order to get the value.


"Turnkey properties can unlock returns. With a turnkey investment, you’re buying a fully vetted, redeveloped property with tenants and a property manager. “It’s a lot like buying a take-and-bake pizza. All the ingredients are there, and all you have to do is buy,” says Scarlett Tassone, a vice president and mortgage banker with PrivatePlus Mortgage in Atlanta. The downside is that compared with other tenant properties, “they are not quite as lucrative and a bit more expensive,” she says. "

In the paragraph above they are talking about properties that already have tenants in them They tend to be more money because an investor as already purchased the property and did the work to get it cash flowing.  It is really wholesaling a property except it is not a as is property in most cases.

Rooftopinvestment.com offers our clients a Turn Key system that allows you to purchase properties as is and we do cost construction that allows our clients to get higher returns.  We have two property managers to choose from or you can get your own.  Our properties usually net over $600 per moonth after Taxes,Insurance and Property Management.

There is more to this story and I will be writing a part two.  As you can see there are a lot of venues you can do in Real Estate and Rooftopinvestment.com does pretty much all of them.  Brett Young 216-703-5740 Coldwell Banker

 

 

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Thursday, April 23, 2015

Ohio home sales jumped in March, tracking national trend



This story comes from http://www.cleveland.com/ by Michelle Jarboe McFee, The Plain Dealer

The resales market was up 13.2% last month over the previous year and the best sales since March 2007.

" Across the Buckeye State, sales of new and previously owned homes were up 13.2 percent last month, when compared with a year before. The Ohio Association of Realtors said the state saw its strongest March since 2007. Sales also rose from February."

This is great news the only concern is inventory.  The experts want 6 months worth of inventory but we only have 4.6 months right now.  You should also see new home starts grow with this trend because of the lack of resale property.

" Ohio real estate groups report average prices, instead of medians. The average sale price for a home in the state was $147,124 last month, up 8.5 percent from March 2014"

Always watching the median income properties because of the affordability issue.  The average salary in the US is around $51,000 so the median income in our parts is very afforable for them.

if you want to buy a home or sale your investment or residential home please call me at 216-709-5740.  I with Coldwell Banker  and i have sold 100's of homes. 


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Wednesday, April 22, 2015

Real Estate Investment Deals

I usually have a hot buy in this Blog but the inventory is very low right now but I am looking and watching 3 properties that are in Lakewood, Solon and Strongsville for flips.  I am also looking at a few properties in Lakewood, Bedford and Parma for cash flow deals.

All these properties need to be at the right price and make sense for anyone's portfolio.  I personally have to go out and look at each property before we consider it. 

We will also be handling all the marketing on each type of property.  This is done through many channels on the internet and direct mail.  Having 1000's of people viewing a property can only mean one thing more money for our clients.

Example: We had an open house at a clients property in Lakewood last Sunday and got over 60 people through.  In fact several people were in line when Lori showed up Sunday to start the Open house. That is getting the word out and making the neighborhood know what is for sale. We did to very interested parties that are seeing it again this week.

We are starting a whole new type of Real Estate Market that will be changing all the time.  It is really important to make sure that not only are you getting the best deals, but having as many people as possible wanting your product. That is what we are setting up at Rooftopinvestment.com

So if you want a great property and know that it is being marketed to the max to rent or sale it then I am your guy.  Call me today 216-703-5740 Coldwell Banker Brett Young

 

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Tuesday, April 21, 2015

Increasing prices in Real Estate



This story comes from http://blog.cleveland.com/ by Northeast Ohio Media Group Marketing Staff

They talk about the 180 degree turnaround in the Cleveland Market.

" The commercial real estate market in Cleveland has experienced a complete turnaround since 2011, signaling a new surge in opportunity for businesses looking for property in the area. This remarkable recovery has led to increased property values, rents and out-of-state investments."

 The part I like in that statement is property values.  I am seeing a increase in the wholesale price of homes especially. The inventory is defiantly lower than it was also.  The pressure on this market is starting to happen.  I really have to work hard to find the great deals, but they are still here.

 "   According to an industry report issued by the National Association for Industrial and Office Parks (NAIOP), the strong economy is expected to increase demand for industrial property through 2015, and the industry will return to pre-Great Recession levels of growth by 2016. In this healthy market environment, Cleveland, in particular, has experienced impressive growth. Northeast Ohio Real Estate Source estimates that property values will increase between four and five percent and rents will outpace home values by the end of the year."

 This paragraph talks about the upward values of the commercial market and they fell it will exceed growing home prices by the end of this year. That is a great news as an investor you want to see steady growth in your market.  Residential Real estate in the Cleveland Metro area has had a steady growth! That is what I like 4%-5% is a great rate.  The story goes on to say:

"  According to an industry report issued by the National Association for Industrial and Office Parks (NAIOP), the strong economy is expected to increase demand for industrial property through 2015, and the industry will return to pre-Great Recession levels of growth by 2016. In this healthy market environment, Cleveland, in particular, has experienced impressive growth. Northeast Ohio Real Estate Source estimates that property values will increase between four and five percent and rents will outpace home values by the end of the year."

That is exactly what I predicted 6 years ago that Cleveland would become a mecca for the public to see,  With the impressive growth that Cleveland is seeing don't you think it might be time to get into this market?  Got to go look at some more real estate today! Brett Young Coldwell Banker and Rooftopinvestment.com 

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Monday, April 20, 2015

Want to set up your own Real Estate Business?


IntenseReal Estate Learning Center

Making valuable knowledge avaliable to everyone

What am I going to learn?

 

 

This is a fast paced 2 day workshop where you will lean how to increase your income exponetially through Brett Young's Real Estate Multi-Income Stream Systems. This hands on learning will provide valuable information that you can apply NOW. Just a few simple steps could double, even triple your income! Brett Young's success has come from years of experience. He will share the secrets every real estate investor/Realtor should know.

 

Want Income Streams for your Business?

 

 

 

 

Many investors and Realtors leave tons of money on the table just because they are not aware of all the potential income avenues available. Additional income streams can come from unexpected places and in many different formats. This workshop will teach all the different ways you can put cash in your pocket TODAY. For example; Brett will explain how he made $100,000 with just 1 property and how to keep making money with every deal.  This type of knowledge makes all the difference when your buying or selling real estate and will help you continuing to maximize profits off each property you do for it's life time.

 

You will also learn how to help others boost their income, while adding to your nest egg.

What does it cost?????

 

The secrets you will gain through Brett Young's Multi-Income Stream Systems are priceless. Brett is out everyday dealing with todays market and he will openly share what he has learned with you. When you apply the details from this workshop, you will be amazed how your earning potential will increase. This information can make you a ton of cash.

 

Attendee's will receive 2 days of intense training in both classroom and field work. This includes hands on exercises and viewing real properties in real time. You will also be given a full packet of reference materials and videos to take home.

 

This vaulable information could cost upwards of $10,000 with other systems that do not teach the hands on tools needed for todays market.

 

The total cost for this package is just $4,000.  That gets you this one of a kind 2 day course that will show you the sercrets to start earning BIG money with additional income streams through real estate. 

 

We have two classes to choose from: one if you are an investor and one if you are a real estate agent or want to be.  

 

Tired of being the best kept secret in Real Estate?

 

 


Starting a real estate business whether you are a Real Estate agent or a real estate investor can be tough if you don't know how to market.  Dealing with websites, social media, blogs and podcast sounds really hard.

As an agent/investor you also need to know how to find the properties and how to get clients and keep them.

The strategies that Brett has used since 2000 has generated $1,000,000's in commissions and profits from real estate transactions.  Knowing these strategies has made Brett huge money year in and year out. 

Having all the tools in Marketing and knowledge of your product Real Estate is crucial to your success in the field. 

Only a hand full of Real Estate agents and investors make the big money and enjoy it year in and year out. Having the knowledge that your business will produce every year is security.

Brett see's agents and investors everyday that struggle in the real estate business and keep changing their strategies and hope for a different outcome.  Talking to an agent this week that had to get a job because they could not make in money.  Brett showed them how to create leads and how to get some fast checks through other non-traditional ways in real estate. 

Imagine if you had all the knowledge of doing over 900+ properties and $85 million in real estate transactions?   That is what Brett has done and for the first time ever he is offering this to a few people.  The first class will only have 4 people in it and it will be a very intense class that you will be able to immediately start using for your business. 

If you want to quit wasting your time and start building a business that will generate as much money as you want it to then sign in below. Once the classes are filled that's it until next year! 

 

 


 

 

 

Classes are forming now for June 25,25,27 2015 and August 27,28,29 2015

 

The cost of the 3 day workshop is just $4,000 and a $1,000 deposit is required to reserve your spot.  Classes are limited to 4-6 people.  Once the slots are filled we will not allow any other people in that class.  So please reserve a spot for this one of a kind workshop that will not only teach you Real Estate but also the Real Estate Business! Click on the Time to Learn button below.

 

 

 

 


 

Professional Listing Service and More

We just sold two homes in 4 days meaning this is a sellers market! Selling in today's market is easier with the right marketing ...