Saturday, April 30, 2016

Problems with Income Real Estate?



I was working with a new client that was buying some homes with another company. He thought one of the properties had been finished on construction that I had listed. I got the property under contract only to find the property was not all the way done and needed some finishing.  I stepped in and helped him there.

He also had two other properties that he had purchased with this company that needed to be rehabbed. One of the properties was already quoted by the company that did the first home.  I met them at the home and looked at what they were going to do to the home rehab wise.  I was there for an hour and decided that we could save him $12,000. Being in the business since 1985 I understand that the clients interest needs to be my main concern.

The home did not need all the upgrades that their company wanted to do.  When your looking at rehabbing a home and selling it you need to do all this before you buy the home, unfortunately that was not done with the other company he was working with before they purchased the home. . This home would have made almost nothing for my new client and a lot of money for the construction company.  We will get it done and make a profit for him.

The third home which I am currently working on was in a great location, but a horrible layout.  We are adding a new bathroom and getting the home updated with a new 1st floor master bedroom and bathroom. That is the video below.  This home should have a great net profit.

Anytime your buying real estate as an income or flip property make sure you hire a Realtor that has been in the business a while and can show some of the properties that they have finished and rented or sold.  Getting the right team around you when your buying Income Real Estate makes all the difference in your pocket book.

Call Brett I have done 100's of Income properties and understand what type of rehab needs to be done and what it will cost.  216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona

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Friday, April 29, 2016

How to Sell Your Home ASAP



Selling your home ASAP is sometimes necessary to do when you are moving or just have to get out of the home for many different reasons.  This article comes from http://www.realtor.com/ by Elise Sole an it talks about just that.

Selling to a cash buyer which is one of the ways this article points out you can sell your home. I have personally bought homes like this many times.  The key is to be fair and make sure all parties are getting a fair market deal.

"“These situations usually appeal to homeowners who just need to get a property off their hands,” says Benuska. But there are downsides: Flippers may demand below-market price, so they can resell it later for a larger profit. So just be sure your flipper isn’t fleecing you up the wazoo; at the very least, compare offers from two or more investors so they can’t steamroll you."

I am going to a home today to meet an appraiser to first understand the value and then make a cash offer on this property because it is a very unique property or list it. Working with a Realtor like me gets you the best of both worlds.  I will get you a cash offer and or also list your home to sale.  The cash offer is usually going to be lower, but it done quickly.  Either way you can make an informed decision and you make more money that way.

Avoid guaranteed sales programs because a lot of the time the Realtor will not work the listing hard to get the cash price offered.

"If you ever see a sign that reads, “If we don’t sell your home in 30 days, we’ll buy it,” run away fast."

"“These are complete scams,” says Janine Acquafredda, associate broker at House-N-Key Realty in Brooklyn, NY. Here’s how it usually works: The real estate agent promises to list a home for a fixed period of time and if it’s not sold, he or she will buy it directly from the seller.
“It sounds like a good deal because in either case, the owner makes a sale,” says Acquafredda. “In reality, the agent often has no intention of putting the home on the market and in the end, pays the lowest possible market price for the home.”

I have 100's of cash buyers and I sell a lot of real estate both investment and retail.  My main goal is to get the best deal for my clients.  I can help you make the best decision for your property Call Brett 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona

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Check out our latest Investment Real Estate deals

 

 

Here are the latest Flip deals that we have picked up and Sold. These properties all were under contract in 32 Days or less. We currently have two other Investment Properties that will close in Early May.

We look day and night for the best real estate available in low days on market areas.  Some homes do not sale fast in certain areas.  We also look at the overall updating that is needed in order to get the top price for the property.

The links below are the latest homes we have bought and Sold for clients.


 
 
 
Here are some comments from those clients. 
 
"It is such a pleasure working with Brett. The best thing I like about Bret is that he is available to chat at ALL times. He is impressive with his knowledge of the real estate market covering Cleveland metro and all its surrounding suburbs. he has had many years of experience in real estate both in Cleveland and Phoenix (Arizona) and it shows in all his conversations. I am an out of town investor and completely rely on his knowledge and experience to help me invest wisely in the Cleveland metro market. I am looking forward to more transactions and projects with him. I highly recommend Brett"
 
"Buying houses from Brett and Lori continues to be an excellent experience. For me it's their honesty, integrity and knowledge of areas served. Always present throughout the sales process as well as remodeling, I feel taken care of and safe throughout the entire process."
 
Want to get into Investment Real Estate?  Call Brett 216-703-5740216-703-5740 Howard Hanna Ohio and 
602-363-6551602-363-6551 West USA Arizona
 

Selling you're home for cash

 
Having the options that it takes to sale your home is sometimes hard to do.  We take care of those issues by getting you the best of all worlds.  We have 100's of cash buyers that are looking for real estate and want to buy homes.

Closing 100's of properties for cash and selling them gives you the advantage.  What do I mean by that? That gives you as a seller options that you might not get with other agents. Having options is always better.

Having a seasoned Agent that understands the market and how it can benefit you is crucial to getting it sold quickly. Call Brett 216-703-5740216-703-5740 or Lori 440-695-3379440-695-3379 Howard Hanna Agents and we love working with our clients.

 

Is Your Home the One Buyers Want?

 

 

Nice article from http://www.zillow.com/ by  that talks about how to sale your home.  There is one paragraph that really caught my attention.

"Just like companies figure out the next hot car, handbag or shoe for their respective industries, smart home sellers must know their audience and market their product to meet customer demand."

That is a very good statement and one that all sellers should really study about their home.  For example are the colors up to date.  When you buy your paint at many of the named brand paint stores most will have interior decorators that can get you the colors for your home. The interior decorators usually do not break the bank and the well worth it.

You need to also update the kitchens and Bathrooms as they say in this article.

" It’s a pretty well-established fact that kitchens and baths sell a home. If your kitchen or bathroom is tired or outdated, consider modest upgrades that pack a punch."

New vanity, toilet does not cost all that much money, but adds a lot of updating to your home.  Most paint stores have a special paint for your cabinets that really make them sparkle.  The color of the cabinets could also be picked by the interior decorator. Adding new appliances is also a bonus.  Stainless Steel is the most popular and get the most out of your kitchen.  Gas cooking is better than electric.

Doing these items can really help boost the sale of your home and get is sold faster.  I have contractors and interior designers that can get your home looking great if you need them.  I also can get your appliances at a discount.  Call Brett 216-703-5740216-703-5740 Howard Hanna Ohio and 602-363-6551602-363-6551 West USA Arizona, 

 

Commercial Property Available 9%+Cap




It has 25 apartments, 9 retail stores,12 Commercial, 10 Office units. 
The financials have a 17% return.  That is based on the $750,000 down
payment.  The overall asking price is $3,000,000. Cap rate is 9.44%. 

 Good location Lee road is nice and there is a good mix of retail there

Sign in below to get a detailed report on this property.

 


 

 

Existing-Home Sales Spring Ahead in March

 

 

 

This article comes from http://www.realtor.org/ by Adam DeSanctis talks again about the pressure on the housing market because of the inventory issue.

"Total housing inventory3 at the end of March increased 5.9 percent to 1.98 million existing homes available for sale, but is still 1.5 percent lower than a year ago (2.01 million). Unsold inventory is at a 4.5-month supply at the current sales pace, up from 4.4 months in February"

You need around 6 months for a stable inventory market.  The inventory will take a while to catch up with this market. As I have mentioned before we have a lot of home buyers, but builders have been on the fence due to lending and other factors. They have just started building in new homes in the last year.

"The choppiness in sales activity so far this year is directly related to the unevenness in the rate of new listings coming onto the market to replace what is, for the most part, being sold rather quickly," adds Yun. "Additionally, a segment of would-be buyers at the upper end of the market appear to have been spooked by January's stock market correction."
 
With the rising rents and low interest rates the buyers are looking for homes.  The first time home buyers still 30% of the market, but their slow to pick a property is hurting them a bit.  More seasoned buyers are snapping up homes faster.  Home prices are also still going up.

We currently have a buyer that is seeing that the home he wants today is not available at the past prices. It's a new day in real estate and buyers are recognizing that the home they could have purchased a few years ago is no longer available foe those prices.

"With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now," adds Yun. "Unfortunately, the same underlying deterrents impacting their ability to buy haven't subsided so far in 2016. Affordability and the low availability of starter homes is still a major barrier for them in most markets."

Also foreclosures are getting slimmer and that helps stabilize the market and allow home prices to go up.  In Phoenix Arizona the foreclosures are few and far between.  I can still get some great deals in the Cleveland Metro area, but I have to move fast on that real estate also.,

"Distressed sales4 – foreclosures and short sales – fell to 8 percent in March, down from 10 percent both last month and a year ago. Seven percent of March sales were foreclosures and 1 percent were short sales. Foreclosures sold for an average discount of 16 percent below market value in March (17 percent in February), while short sales were discounted 10 percent (16 percent in February)."

Getting into the Real Estate Market whether you are an investor or home buyer requires a seasoned agent that understands how to get homes. They need to also know the areas and what benefits they have for you. Call Brett 216-703-5740216-703-5740 Howard Hanna Ohio and 602-363-6551602-363-6551 West USA Realty Arizona
 

Downtown living has potential to energize urban centers

 

 

 

This story http://www.crainscleveland.com/ by  is about the Cleveland and Akron downtown areas.  Akron is catching on to the importance of having a upscale downtown.  Cleveland has been doing it since 2011.

I will start watching the Akron downtown to see if they start modernizing that area.  For now it is Cleveland downtown that is really energizing the real estate in the Suburban areas.  Real estate needs to have a nice metro downtown area that attracts white collar professionals to fill the employment side of companies. Cleveland Has that.

“It’s been a changed world,” said Michael Deemer, vice president of Downtown Cleveland Alliance. “We’re always asked about the downtown population. Large and small office users are much more aware of general trends in downtown Cleveland. They are increasingly hearing from the workforce that they want to be downtown. We were lagging the national trend in businesses wanting to be downtown to attract talent. Now we’ve caught up.”

The Cleveland downtown area is really very nice and the night crowd they're coming in to watch one of the professional Cleveland Teams or just get a bit of one of the Cleveland fine dining eateries. The downtown also benefits from the residents that live there.

"The change in population also netted downtown attention from regional retailers, which led to the opening last year of Geiger’s menswear, the Heinen’s supermarket and Metro, a furniture business."

“They’re the leading edge to change retailing downtown,” said Deemer, calling attention to a change that will not be complete until national retailers return to the city center. “There are more people on the street during the day, from millennials to empty nesters as well as families with strollers.”

I was talking to a Mortgage Broker at my open house yesterday that moved here from New York to downtown Cleveland. He paid $3800 a month for a 900 SF apartment in downtown New York.  His company moved him to Cleveland and he rented a large 3 bedroom apartment in Downtown Cleveland for $1500 a month.  He said he had so much room he got some room mates to keep it more lively in his apartment.

Cleveland downtown is getting really nice and has all the amenities are close by for those residents. Like other larger metro cities you want to have real estate near the downtown,  Getting that type of real estate is what I do. I work in almost all the cities that surround the Cleveland Metro area and understand the pricing and local markets.  Call Brett to buy your Cleveland Real Estate 216-703-5740216-703-5740 Howard Hanna  

Agent to Agent: Working with new real estate agents

 

 

When your looking for a real agent that is buying a home for you whether they are new or not make sure they work well with others.

For example I am getting two deals closed for a client and one of them has a brand new agent. Not only is she new but just had her first baby. Getting the information I need sometimes requires me to call her lender and appraiser direct to make sure all the numbers and inspections are in order,  Getting that done is great.

The other hurdle is getting the closing dates.  With my seller also buying a home I need to make sure that both deals close at the right time for all parties. I am currently waiting on my last hurdle on the appraisal for my buyers home and I will get that nailed down.

I took some buyers out yesterday that called 4 Realtors before on answered the phone ME.  They were very unhappy that none of the agents they called had called them back or answered their phones.  I hope to get them as clients soon.

Knowing agents can also be a benefit when you are looking at homes. For example I know the listing agent on one of the homes we looked at.  he is a good agent and when and if we buy the home the process will go smoothly.

Getting a family friend may not be your best bet when looking for a home.  A seasoned agent that understands the local market is usually your best bet when buying or selling a home. Call Brett 216-706-5740216-706-5740 Howard Hanna Ohio and 602-363-6551602-363-6551 West USA Arizona I am a seasoned agent with over 900 transactions under my belt. 
 

Great Rental Property Available in Tempe Arizona

 

 

 
 
 

3 Bed 2 Bath 1100+ Sq Foot $110,000K


This agent just gave me a heads up, she will be putting this on the MLS for 110K   My partner Bob just sold one and it was in bad shape and appraised at 114K in this area.

This one has new carpet/tile and comes with jacuzzi tub and its nice.

The property will rent for Approx $1100 a month. The Taxes are $547 a year.  This property is located near Arizona State University. Call Brett 602-363-6551 West USA Realty C

 

Click below to email me

 

 




 

How to Sell Your Home ASAP

 

 

 

Selling your home ASAP is sometimes necessary to do when you are moving or just have to get out of the home for many different reasons.  This article comes from http://www.realtor.com/ by Elise Sole an it talks about just that.

Selling to a cash buyer which is one of the ways this article points out you can sell your home. I have personally bought homes like this many times.  The key is to be fair and make sure all parties are getting a fair market deal.

"“These situations usually appeal to homeowners who just need to get a property off their hands,” says Benuska. But there are downsides: Flippers may demand below-market price, so they can resell it later for a larger profit. So just be sure your flipper isn’t fleecing you up the wazoo; at the very least, compare offers from two or more investors so they can’t steamroll you."

I am going to a home today to meet an appraiser to first understand the value and then make a cash offer on this property because it is a very unique property or list it. Working with a Realtor like me gets you the best of both worlds.  I will get you a cash offer and or also list your home to sale.  The cash offer is usually going to be lower, but it done quickly.  Either way you can make an informed decision and you make more money that way.

Avoid guaranteed sales programs because a lot of the time the Realtor will not work the listing hard to get the cash price offered.

"If you ever see a sign that reads, “If we don’t sell your home in 30 days, we’ll buy it,” run away fast."

"“These are complete scams,” says Janine Acquafredda, associate broker at House-N-Key Realty in Brooklyn, NY. Here’s how it usually works: The real estate agent promises to list a home for a fixed period of time and if it’s not sold, he or she will buy it directly from the seller.
“It sounds like a good deal because in either case, the owner makes a sale,” says Acquafredda. “In reality, the agent often has no intention of putting the home on the market and in the end, pays the lowest possible market price for the home.”
 
I have 100's of cash buyers and I sell a lot of real estate both investment and retail.  My main goal is to get the best deal for my clients.  I can help you make the best decision for your property Call Brett 216-703-5740216-703-5740 Howard Hanna Ohio and 602-363-6551602-363-6551 West USA Realty Arizona
 

 

Call Brett 216-703-5740216-703-5740 Howrad Hanna Ohio or 602-363-6551602-363-6551 West USA Realty Arizona


Thursday, April 28, 2016

Great Rental Property Available in Tempe Arizona


3 Bed 2 Bath 1100+ Sq Foot $110,000K


This agent just gave me a heads up, she will be putting this on the MLS for 110K   My partner Bob just sold one and it was in bad shape and appraised at 114K in this area.

This one has new carpet/tile and comes with jacuzzi tub and its nice.

The property will rent for Approx $1100 a month. The Taxes are $547 a year.  This property is located near Arizona State University. Call Brett 602-363-6551 West USA Realty

I want to info on this Property

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Commercial Property Available 9%+Cap



It has 25 apartments, 9 retail stores,12 Commercial, 10 Office units.  The financials have a 17% return.  That is based on the $750,000 down payment.  The overall asking price is $3,000,000. Cap rate is 9.44%. 

 Good location Lee road is nice and there is a good mix of retail there

Sign in below to get a detailed report on this property.

I would like the Detailed Finacials on this property

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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 ...