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Wednesday, May 31, 2017

Great Income Property or owner carry in Ohio

This property is located in a very hot city and will not last long. The home is a 3 Bedroom 2 bath with a 2 car garage. The home is approx 1470+ square feet. The home could be Owner carried or leased. Let's go over the Approx numbers

For Rent

   Offer____________$  70,000
   Rehab___________$  30,000


   Rent____________$  1200
   Tax_____________$   301
   P/M____________$    120
   Insurance________$     60

    Net Proceeds____$    719

Owner Carry you take out the P/M of $120 and add a note service for $35 (they collect the monthly $1200). Your Rehab would go down to $10,000 because the new buyer would handle the rest of the work. You also would sell the home on an owner carry for $145,000.

Cost of Home
Rehab__________$  10,000

Total__________$ 115,000

Owner Carry numbers
Note Service Fee_$    35
Tax____________$  301
Insurance_______$    60

Net Proceeds____$  804

Sale the home____$145,000
-the cost of home_$110,0000
Profit for Note___$  35,000

Also on the owner carry you would get 10% down on the note also or $14,500 down from the buyer on the owner carry note.

We have all the services to help you get everything set up. If you need a property manager we have that and note servicing companies also. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

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Tuesday, May 30, 2017

Do you need to know trends with real estate?

Knowing the real estate trend in any market can really help you in your decision making. Buying real estate requires some knowledge of an area and one of them is pricing and sales trends.

We took a buyer out yesterday, yes Memorial Day to look at some homes. Each city we looked at our client knew the trends and days on market in that area. They quickly figured out that one of the cities they likes was getting better equity build up than the others. In a few years they should see some great equity growth in their home.

These types of reports are easy for Realtors to get and I want you to be informed and will send them to you for Free.

The other way I personally watch trends along with the reports is real estate news. As you can see with the stories I post with this blog I read 3-4 articles a day on the real estate and what experts think might happen. I do not always agree with them, but at least I know what a lot of the experts are saying.

One of the issues that a lot of experts are fixed on is the interest rate raising and how that will effect homes sales. They tend to think that the rates will rise, and I agree they will. The difference is I think that is a good thing to happen in the mortgage lending.

More companies will get into the lending business, because they can make some money. That will help some of the potential home buyers that could not purchase have some more options to buy the American dream. The interest rates are basically market driven and they will change if the market says they should.

I remember when 6% interest rates were great. Keeping the interest rates lower keeps the banks buying other securities to keep their books liquid. Let's face it 4.25% over 30 years is not the best return for an investor.  Would you like those returns?

That is what I watch in the trends and of course consumer confidence another important trigger to watch for the future. Want to know the trends in you market? Sign in below and get a free report, or you can email me the information. Click Here to Email.

You can also call me @ 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty an Playa Azul. I'm Brett and I want your business. 

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Monday, May 29, 2017

Investors and home sellers better know the Millennial Homebuyer

I found an article that was titled  Evolving to Serve the Millennial Homebuyer at by Jason Nadeau that explains that social media and self-service technology.

"The days of call centers, auto-dialers, email blasts, and mailings are gone, replaced with self-service technology. Millennial consumers are going to be found through social media, web advertising, search engines and mobile apps. This requires that marketing and sales efforts be re-tooled, in many cases completely. Millennials also have different communication and buying habits and are much more interwoven with the online culture. They have grown-up with instant information at their fingertips, they expect an on-demand life with a seamless shopping experience, and they abandon your site quickly if they are not given instant answers. And most importantly, Millennials do not hesitate to quickly and aggressively criticize or lambast brands and companies that have failed to provide the experience they expect. They can be your company’s greatest advocates or worst critics in real-time. Given this new type of consumer; how important will sales reps, loan officers and relationships with real estate agents be in the future? A strong argument can be made for a significant reduction in the value of these sales channels."

The millennial's like to find answers quickly to issues they have questions for and they usually take their time planning to purchase. I believe that the real estate industry is making great improvements in information that will be given out to these sellers.

As a seller or investor you need to understand or have have a Realtor that understand the needs of these types of sellers. I have personally sold to a lot of them and they are very precise in what they want. You have to understand their needs and deal with the parents also. 

Had some Millennial buyers that were a lovely young couple that had saved up a lot of money to buy that perfect home. They had sacrificed living in a dumpy apartment where the rent was $450 a month. When they started looking we had to learn exactly what they wanted. We also had to deal with one of the parents.  We did all that and found them an awesome home that they loved and purchased. Everyday we sent them answers to their questions and kept them posted on new listings. The process took about 3 months.

Just put a home under contract I have listed with some first time Millennial Home buyers and they will need special attention.  We will also have to deal with the parents who are also involved. Not easy and you definitely need a professional Realtor on both sides of the transaction. I have to be ready for any issues that might happen in this transaction.

Whether your an investor or home buyer you need to have a Realtor that understands the new buyers as well as the old ones. Call Brett I have personally purchased and sold over 1000 homes. 216-703-5740 Century 21 Premiere 602-363-6551 EXP Realty and Playa Azul  


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Sunday, May 28, 2017

Home Sales Expected to Soar Through 2018: What Buyers Need to Know

This article comes from Clare Trapasso that talks about the pent up demand for housing. Check out what the demand is in Seattle:

"Bidding wars have gotten so bad in Seattle that buyers are driving up prices 30% over asking in some cases, says local real estate broker Chris Bajuk, of HomeSmart Real Estate Associates. (Seattle prices were up 12.2% year over year in February, according to the latest S&P CoreLogic Case-Schiller report.)"

That is a worst case scenario, but the future looks good for real estate and so is the demand. I mentioned this a lot before and I want to repeat it.  New home builds have been dead for a decade! That means that there will be a housing crunch going go a lot of years. They cannot build enough homes for a decade in a few years. They still have to keep up with today's demands also.

"In 2017, the number of sales of existing homes (which have previously been lived in) is expected to rise about 3.5%, to 5.64 million, according to the midyear forecast from the National Association of Realtors®. The group predicts that existing-home purchases will rise an additional 2.8% in 2018, to 5.8 million."

Existing home purchases are expected to rise by over 6% this year and next. That means that it is a sellers market and time to look at selling your portfolio or home. There are always good deals out there if you have the right Realtor and services behind you.

" "The combination of the stock market being at record highs, 16 million new jobs created since 2010, pent-up household formation, and rising consumer confidence are giving more households the assurance and ability to purchase a home," NAR Chief Economist Lawrence Yun said in a statement. "However, prices are still rising too fast in many areas and are outpacing incomes.""

There are a lot more jobs being created today and it is seriously under reported.  We are on tract to have around 6 million new jobs created this YEAR. People are wanting to get their homes in the areas they want to live in. You also have areas that are up and coming that will also benefit from this real estate market.

"In some white-hot markets along the coasts, prices are rising by double digits because of the dearth of homes. That's led many current homeowners who might be interested in trading up to a larger, nicer home in their area to hold off—because those homes are simply out of their price range."

That is very true, life changes also and you have to make adjustments. I met a couple this weekend that are going through a divorce and need to sale their home of 14 years. We also have clients that are relocating to this area. I have a new client that moved to Cleveland from San Fransisco because of the high priced Real Estate. He likes Strongsville Ohio a lot and we are going to start looking for him a home next week. So there are a lot of reasons to buy and sell a home.

There are homes to purchase out there, you just want to be ready to buy when you are looking. Have a pre approval and when you see a home you like Buy It. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

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Saturday, May 27, 2017

Special Edition Real Estate Videos 5/27/17

I know everyone is having a great time this weekend traveling or relaxing.  I am meeting a new client today for coffee to discuss real estate. My services include knowing what my clients wants are and getting them filled. Today is no exception.

We closed on a 3 unit property this week for $280,000 for a client and he and his family are very excited! I sold his property in 16 days.....He signed his docs on his new home and it will be closing this Tuesday. The video below was shot at that property.

Got another Duplex purchased for a husband and wife that wanted their son and them to have a place to crash in Lakewood. They have multiple homes and needed somewhere to stay when they were in Cleveland. This was not an easy deal to get closed,  The seller had to be tracked done at the end to sign the deal. Interesting deal to say the least.

Met my California clients that just purchased a home in Beachwood Ohio to go over some of the updates that they needed before they moved in. They are a very nice couple and will be happy living in their new home and visiting family. They will love their new updates!

I also went to branding class that had a very interesting speaker from Movement Mortgage. Great presentation and I got a wealth of Knowledge. Check out my latest video and you will see a change in the way I shoot videos.

We are also launching are Mexico Luxury Resort sales office this weekend! Just 3 1/2 hours south of Phoenix you can run your toes through white sand and enjoy the Sea of Cortez. We have Luxury Villas starting at $134,000 on the beach. Call Brett 602-363-6551 to get more information or you can Email me.  

A lot of new things are happening in the real estate world, and if you need a Realtor to help guide you threw it all  call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

32 years in the business and a 1000+ homes.

Check my new format in videos let me know your thoughts

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Friday, May 26, 2017

The Ultimate Guide To Real Estate News 5/26/17

Unlimited Real Estate Magazine

We get Real Estate Done


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Arizona Discount Listing Service Starts at $2000 Flat Fee

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Phoenix Arizona Income Property


This is a 2 Bedroom 1.5 Bathroom condo that has a tenant at $650 a month to cheap.  They have 2 months left on their lease and the average rent in the area is $825-$850 a month. Great location and low maintenance. Lets look at the Approx Numbers


Offer          $95,000

Rehab        $  2,000


Total         $97,000



Tax_____$  21( Noa misprint)

HOA___$ 164

Ins_____$   40


Net Proceeds $625


Call Brett 602-363-6551 EXP Realty We have Property Management set up if you need it  



Listing Service Ohio Century 21 Premier


Remember 95% of home sales are done with Buyers Agents! Save Money Listing Your Property Click below


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We Have Property Management in Ohio


Need Pictures and Video for your Real Estate?



New Flat Fee Listing Service System


We are pleased to announce a brand new Flat Fee listing service for Northern Ohio and Arizona that makes your home be seen by a huge market. The system consist of every feature that any full priced listing service would have except open houses. 


You property will receive the attention it deserves and get it sold ASAP. Most of my listings sale in 32 days or less and most at full price. In today's market we can attract a lot of buyers with our cutting edge marketing program. We take all the phone calls and set your appointments for you. Just like full priced listings we also help you screen and negotiate with potential buyers.


The only thing missing is the amount of money you have to spend on commissions.  We have a nice easy flat fee that keeps more money in your pocket.  


Good news also we have purchased and Sold over 1000 properties and understand what you need to be successful in selling your home in this market. We also be able to take all buyers calls and show the home as well. 


So there you go all the services you expect from a full service agency excluding the open house. We offer the Flat Fee listing Service in Ohio and Arizona. 


Don't pay to much to get your home SOLD Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty



Look at all our Real Estate Services we Offer


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Best Beach Front Villas to enjoy and create Income


You want your view to be like this one? You want to have a Ocean Villa you can enjoy when you want? Do you want to make income on your villa while your not there? Playa Azul has all the above!!  Their unique reservation system generates over $3 million dollars a year and keeps these properties creating income.


Playa Azul is building their 4th resort and it will be over 600 units complete with all the resort amenities any luxury resort can offer. The resort sets on En canto Beach which has pure white sand lapping up to the Sea of Cortez. There is not a better beach in the world.


We have 2 units that are 80% done and are Luxury Studios 1 bath units that have a spectacular ocean view off the balcony. These units create approx $16,000-$18,000 a year in income. you will still have plenty of time to enjoy them yourself! These units are $110,000 each at this special offer.  These units retail for $139,900 and will be able to be rented around June of this year.

Why are you having a Hard Time Finding a Home


In today's limited inventory home market, you need all the tools you can get to get the perfect home that fits you needs. Our company has a huge array of services that helps you make a home into your perfect home. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

Chagrin Falls Ohio Resort Living For Sale

4 Bedroom 4 bath 2360 SF Plus a 700 SF Finished Basement


Enjoy resort style living in this Lovely free standing 4 bedroom, 4 full bath home tucked away on a quiet cul de sac in the highly sought after Woods at Auburn Lake! This is a beautiful home with vaulted ceiling in great room and foyer. Formal dining room. Large Master Suite on first floor with large walk in closet and deck. Upstairs two bedrooms with a full bath and large loft area. Laundry room and additional full bath on the first floor. Huge beautifully finished basement with 4th full bath! Attached two car garage. Surround sound. All appliances stay including washer and dryer. Neutral d├ęcor and move in ready! The community provides numerous walking trails, a private recreational facility boasting a large swimming pool, Gazebo, outdoor gas grills for special family gatherings, as well as tennis and bocce ball courts all set on a knoll overlooking the beautiful hills of western Geauga! Schedule a showing today! This one will not last! Call Brett 216-703-5740 Century 21 Premiere


Become a Real Estate Investor With 3 Easy Investments


This article comes from by Cathie Ericson that talks about easy real estate investments.  I do not know how easy it is, but there is also a forth and fifth way to invest that this article missed.


"Becoming a real estate investor is much more feasible than most people think. There’s no question that real estate investing comes with risk, like any investment. But with risk can come reward, and real estate has that in spades."


Patents is what any real estate investor needs and I have issues with that sometimes myself. Prices of real estate almost always go back up from where they were. The key is finding the right real estate that fits your income needs. That sometimes can take some time.


""Real estate is one of the few investments where your upside is truly unlimited,” says Than Merrill, CEO of San Diego’s FortuneBuilders and CT Homes. “With the right property in the right location, you can make 15% to even 30% on your money.""


Investors have to remember to think about future equity to get the best returns on their real estate. For example when your looking at purchasing get a report on that areas recent trends and see how buyers are looking at that area. When real estate is down you want to look at the prices before they went down. Make sure the area is not being changed for some reason that might effect sale prices.


For example a prison being built close by, a Freeway close by being built, schools getting bad ratings, Check the crime rate etc etc. You get the idea of what you need to look for. Basically would you raise your kids in that area and fell safe doing it. Local Realtors have that at their fingertips usually


The story has the  Rentals, Flips and Real Estate Trust which most people know about for investing in real estate.


The forth is owner carry real estate. Basically you being the bank. Buy a home with 30%-50% equity position and selling it as owner financing. My company offers that if you would like more information you can call or click here to email me


The fifth any needs to do when buying a home. Create some equity when you buy a home to live in. Why people don't do this floors me. but it can be done. I have made over $200,000 in my properties that I have lived in and sold ( would have been way more if I hadn't been divorced a few times). When you are looking to buy a home get a good deal and remodel it. I am working with 3 clients right now that are doing that and they will reap the rewards.


Want help with locating great real estate? No middle man like wholesalers and real estate clubs that marks up properties before you even buy them? Who's interest do they have? Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul 



Gallup: Real Estate is Best Long-Term Investment 4 Years Running


This report come from by Tom Kaufmann that talks about real estate has taken the best long term investment for the last 4 years.


"For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below"


There is not anyone making more land unless you are near a volcano that is working. I have been buying and selling real estate since 1985 and have seen all the ups and downs in a lot of markets. I was purchasing condos in Mesa Az for $25,000-$40,000 in 1985 try and do that today? 2 Bedroom units are listed at $109,000 in that subdivision today. That is a nice increase in equity.  The cash flow on them were also very nice.


Buying real estate is not an exact science, but if you know where to buy your real estate you will be in good shape for the future in most cases. The key is where and when to purchase real estate.


"As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment."


Today's market will not be tomorrows market. The key difference today is lack of inventory and affordable new builds.  Go look at the new builds today, most are luxury and expensive. Getting real estate today in high demand affordable areas should increase in price over time.


We look at income real estate, and owner carry real estate for our clients. We also look at flips. Do not forget that when your looking for a property to move into, you want to have some equity going in call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul




This Weeks Investment Real Estate Videos



This week was a very busy week getting everything closed and setting up a team for our Rocky Point Office. 


Working with my buyers and sellers this week to get all the homes closed is a time consuming agenda. One example this week is a duplex that we are closing. The sellers Realtor lost the seller and we had to track them down and set up a signing for today. Mario at Movement Mortgage actually funded this deal on Wen and had to retract the money because the seller could not sign (Loan docs are time sensitive) . After long hours and keeping all parties happy we should have this property closed Monday. All that is left is for the seller to sign this afternoon.......


One of my listings that I put under contract in 16 days is closing next week also. My Seller is also closing on his dream property after the closing of his property. The buyer on my clients property took a little more time to get this deal closed because of the lender. I kept his lender in touch with my clients selling Realtor on his side to keep the deal together. In other words I had the selling loan officer on my listing side call the listing agent for my buyers home to ensure them his deal is going through on the buyers side. That needed to happen or my buyer could not purchase his dream It gets very tricky if you do not keep everyone informed when your doing 2 transactions for a client. 


I am also looking for a home for a client this next week and hope to have more homes available for them. Construction is busy and we are keeping up with the demand. Buying fixer upper real estate requires that you have a team of professionals that can get the job done. 


Need a Realtor with all the services you will ever need for your real estate needs? Please consider Brett call me at 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul


Enjoy this weeks Videos 




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Duplex in Lakewood 4 sale Tenants Included


This property has long term tenants already in place and needs some repairs.  Approx $10,000 in repairs. Located in one of the hottest cities in Ohio, Lakewood. Asking $108,000 and the gross rent is $1250 a month.  One of the Tenants has signed a two year lease. The other has a 12 month lease and both love the duplex.


Great income property Call Brett 216-703-5740 Century 21 Premiere 


I find the hard to find Real Estate! 



Real estate CEO: Record-low housing inventory is 'freaking us out'


This article comes from by Diana Olick that discuss the concern in the lack of inventory in this real estate market. I see it as an adjustment that needs to be implemented in forming a plan for this season of real estate.  Remember the last season of real estate and what you would have done if you knew what you know now.


""The inventory is reaching historic lows. It's never declined faster than it did last month. It's freaking us out — it's affecting our business; it's limiting our sales," said Glenn Kelman, CEO of Seattle-based Redfin, a real estate firm. "We're going to be fine in terms of market share, but I think the overall industry for the first time is seeing sales volume really limited by the inventory crunch."


That leads to more sales and higher rents with low vacancy rates. Real Estate has many different venues to look at when you are an investor or home buyer. The key is recognizing the trends and understanding how to make money in this low inventory market. Owner carry real estate is another great way to create wealth in this real estate market.


For example a lot of my buyers are looking at homes that need updates and buying them for less and adding their finishing touches to the home. 


"Homes in April sold the fastest since Redfin began tracking the market in 2010. The typical home went under contract in just 40 days, 10 days faster than April 2016. As a result, 1 in 4 homes sold above their list price, which is the highest percentage Redfin has recorded."


That spells equity in the very near future. I had a Realtor call me last night in Strongsville Ohio and wanted to know if I had any rehabbed homes that I was working on that her client could purchase? She knows that I do that and reached out to me because she needs a home for her client. That is the state of the real estate market right now.


" "Cranes fill the sky in every town, but they're building office buildings," he said, noting that while employment is going up, there's no commensurate increase in the number of houses. In fact, he added, when people do construct housing, they're opting to build apartment complexes because tight credit is keeping many would-be buyers out of the market. "There is so much demand in terms of rent that it doesn't make sense to build properties for sale.""


The Dodd-Frank act really effected home ownership for the middle class. I think that the new administration will work on that and get lending going again. Not like in the early 2000's but reasonable and letting home buyers back into this market. Lets face it you can buy a $70,000 vehicle in one day do the math.


If your looking into the future in real estate, then consider the areas where the population is growing and the housing stock is shrinking. When you looking at buying a home for yourself or as an investment call me, I'm Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul. I get Real Estate Done for my clients 1000+ and counting.  




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