Ultimate Real Estate Newsletter 1/20/17 Edition

 

Unlimited Real Estate Magazine

Knowledge is everything in Real Estate

Arizona Discount Listing Service Starts at $995

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Listing Service Ohio Century 21 Premier

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We Now Have Property Managemnt in Arizona

We Have Property Management in Ohio

Epoxy Foundation Seal Systems for basements

This system is great for your basement and keeping is sealed.  if you have a basement you are about to finish then you need this service. Having water problems in your basement? 
Epoxy Foundation Seal Systems
Scrape and clean interior foundation walls prior to epoxy application
Tuck point  walls as needed and repair surface cracks
Apply (2) applications of epoxy foundation sealer to  foundation walls

NOTE:  Epoxy sealer is a 2 part epoxy that will seal all types of foundation block walls.  Moisture and water cannot penetrate through the epoxy.  It keeps basements from mold, mildew, dampness and odor.  There is a 5 year warranty on all work performed.

This process cost around $2999 a basement and saves you big! I don’t usually talk about basements, but this is a great way for you and your wallet to save money on basement repair.  Call Brett 216-703-5740 for your basement epoxy system. 

Need Pictures and Video for your Real Estate?

 

Another SOLD property in Seven Hills

Just added another property in Seven Hills to under contract.  The buyers love the property and were actually looking at another property we had listed also. They decided to go with our Seven Hills home.

We have state of the art marketing and a team of professional contractors.  You can also tap into are many other services that we offer our clients.  We have new real estate services coming all the time.

Look at the before and after video of this property we just put under contract. We add elegance to your home through affordable rehab.  Call Brett 216-703-5740 Century 21 Premiere or 602-363-6551 West USA Real Estate

Need help flipping or selling Homes in Cleveland? We are budget friendly

During my stay here in the Cleveland area I have learned with my own money and time that having the right people working with you in real estate is crucial. There are a lot of so called experts and contractors that say they know what they are doing. A lot of the times they do not and it cost money, I know this from experience.

That is why I set up a service for me and you, it consist of contractors that I personally use and know their work for past experience.  We do high end homes and all other priced homes.  We usually save you a lot of money. I have done a lot of homes with my team and we have been very successful doing it. Most importantly we have happy clients.

Need a new Kitchen, bathroom, Electrical, HVAC, Plumbing or just a update we can do that. We work with other Realtors and are very professional, also and assist them in the construction. This gets clients more money for their homes and helps the neighborhood real estate prices.

Stop wasting your time and money with all the other pretenders like I did Call Brett 216-703-5740 and see what we can do for you.

Look at all our Real Estate Services we Offer

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How do you look at Fixer upper real estate cost

First and foremost you need to know the approximate price the home is worth after it is rehabbed. This goes for if you making it your home or investment  Then you need to get a contractor to give you a good Idea of what the rehab will approximately cost. Then you will know what you can pay for a fixer upper with the rehab and approximate value of the home.

For example I looked at a home that was worth $350,000-$400,000 that a couple had purchased for $200,000 a few years back.  They ask me what it would cost to buy another home that was bigger and had some amenities more on the modern side.  Homes in that and surrounding areas were $500,000-$600,000 and did not reflect their taste. I brought in a contractor and a architect to see how much it would cost to put addition onto the home to add the amenities that they wanted in their home. They already live in an excellent area.

After we did the prints and got a quote from the contractor, the home they were living in was the best choice. I would make far more commission selling their home and helping them purchase another home, but that is not my goal, happy clients are.  Doing the rehab will save this couple almost $150,000-$200,000 dollars and help them secure a valuable asset they can sale when they are ready. Staying were they currently live was their best option. t

Need a Realtor that can get your all the services you need to have when looking a fixer uppers? Need to have a team of professionals that understand your needs and will assist you with them?

My clients get the benefit of knowing what it will cost to rehab their home or fixer upper they are looking to buy. I have personally have done my own homes and clients for 17 years and counting.  Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 West USA Realty

Seller Financing: How It Works in Home Sales

This article is from http://www.nolo.com/ by Broderick Perkins that talks about how you can carry a Mortgage on a property. Real Estate income has a lot of facets that can make you money, and this is one that I really like.

“In seller financing, the seller takes on the role of the lender. Instead of giving cash to the buyer, the seller extends enough credit to the buyer for the purchase price of the home, minus any down payment. The buyer and seller sign a promissory note (which contains the terms of the loan). They record a mortgage (or “deed of trust” in some states) with the local public records authority. Then the buyer pays back the loan over time, typically with interest.”

This is one of many ways to do it. I like to carry a mortgage for a good down payment, usually 10%.  The payment should be whatever the rent is in a properties area.  So if the home your looking at that should rent for $950 a month then that would be the mortgage payment. You want to back into the interest with the rental payment. I like to see a 10% return on these types of deals.

“Both the buyer and seller will likely need an attorney or a real estate agent — perhaps both — or some other qualified professional experienced in seller financing and home transactions to write up the contract for the sale of the property, the promissory note, and any other necessary paperwork.”

Good news is I have both that are qualified and experienced. This type of deal builds great cash flow and there is usually no maintenance on the property during the loan from the lender (you). This allows you to collect the monthly income and keep it.

There are places you can have service your mortgage and the cost is very minimal. Carrying the note for 30 years without a balloon is a great way to keep your income going for a long time.  There are also ways to sale your mortgage paper once it is seasoned enough to do so.

The key is to get real estate that has equity, and can make a money with the income and equity all at one time. By carrying the paper and collecting the mortgage payments you become the banker.

The key to success in this type of real estate investing is getting your systems set up and buying the right real estate. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 West USA Realty

5 Ways the Housing Market Could Change in 2017

Watching and seeing what 2017 brings is important when you are in the business of buying and selling your real estate. This article comes from http://realestate.usnews.com/ by Devon Thorsby that talks about 5 ways that the real estate market may change in 2017. Lets go over a few and I will give you some of my thoughts also.

“Many expect President-elect Donald Trump’s administration to ease some lending restrictions, which would make it easier for lenders to issue mortgages, but nothing is certain in the lead-up to Inauguration Day. While we wait to see how policy changes may affect the real estate industry and homeownership, here are five things to expect from housing in 2017.”

I certainly do not think the easement of regulations will mirror 2004-2006.  I do believe that there are some restrictions that should be looked at. That will free up capital and help the market get going again. Let’s face it you can get a $70,000 car loan in under 2 hours, we need some common sense for Real Estate Mortgages.

Cities will increase in density, leading to more buyers in the suburbs. Continuously growing property values means many home buyers and renters will have to choose between prime location, space and affordability.”

I think that the suburbs in these cities will start looking better and better for potential buyers. Most buyers do not want to be strapped down in mortgage payments, they want to have money to enjoy their lives. There will be buyers for the downtown if they do not like the drive and they enjoy the night life. The price of living of real estate will be a huge factor in the buyers decision to purchase real estate in an area.

New development will ease demand. Low inventory of available housing has been a key factor in the rapidly increasing housing costs following the recession, but the coming year should bring some easing of that demand. The National Association of Home Builders predicts 1.24 million housing starts in 2017, compared to the projected 1.16 million starts in 2016.”

I do not buy in areas where there will be a lot of new construction. Builders always have better financing and giveaways, tough to compete with as a home seller.  The good news is when the new builds are closed out the areas home prices usually rise.

Optimism will have a big impact. Despite 2016 being a year full of surprises – some good and others bad – expectations for the economy remain positive, which is positive for housing.”

Consumer confidence is the key to any market growing. Housing is getting very positive expectations for 2017. International buyers and USA buyers will be stronger in 2017. Remember that International buyers are important to the housing market in the USA.  They usually pay cash and buy every type of real estate investment that makes sense.

Yesterday I did an open house in an area that usually gets 4-5 people through in an open house.  I had almost 30 people through yesterday, and it was crazy.  Buyers are out there and looking to buy real estate. If you are buying or selling check out our programs that save you money and time.  Call Brett 216-703-5740 Century 21 Premier and 602-363-6551 West USA Realty.

This Weeks Investment Real Estate Videos

If your wanting to buy income real estate look at the two properties that I am currently working on. These two properties are the best of both income worlds Flipping and Leasing. Both need the right real estate and location to be successful. We can also can find you a home and remodel it for a place to call home. We save our clients a lot of money by having these important services

The first home we purchased for $140,000 and it will go on the market shortly for $235,000. It is located in Broadview Heights.  This property is a 4 bedroom 2 1/2 bath home that will have all new kitchen,bathrooms,flooring, finished basement, and many other upgrades. This is a very hard home to find and when we purchased it there were many other offers for this home. We get real estate, more importantly we get the right real estate.

The next home is a 3 bedroom 2 bath (we are adding a bathroom to this home). The property will lease for $1300 and is in a a great location in Fairview Park. The home is located in Rocky River School system and parents love for their kids to go there. The home is also in walking distance to all the amenities you could want or need. Great neighborhood, great Home! We are finishing the basement and adding a new bathroom.  We are also updating the bathroom upstairs and painting.

If you want to get into investment real estate or find a place to call home we can do that.  We have all the services available for you at very reasonable prices. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 West USA Realty.

4 ways to Passive Real Estate Investing

When you looking at getting into real estate to build your your wealth with a real estate portfolio and income you need to know there are more than a few ways to do that. Knowing the different ways to get real estate gives you more options.

1. Rental properties are one of the choices that you probably already know about. The key in buying them is what area you should buy them. Buying the lowest cost properties are not always the best decision. Having a nice neighborhood that attracts quality tenants is the key to your success. For example I am doing a property in Fairview Park for a client that will rent for $1300 a month. I have potential tenants beating down the doors to lease this property. Great location and has all the needs any family would want. The area has a very low vacancy rate.

I have seen other examples that purchase the cheapest properties that look great on paper. The problem is the tenant turnaround is 2-3 times a year. That cost you money and income, the property basically becomes a bill you have to pay monthly.

Buying homes in desirable areas at affordable prices is the key to success in Rental Real Estate. I have 15 rentals and the ones in the better areas have been rented for years with the same tenants.

2. Flipping real estate is another way I am sure you have heard of.  The same is true for flipping as is for leasing, you need to be in the right areas. You also need to have an equity position based on the current real estate market. This does two things protects you and helps you sell the property faster if the buyer needs assistance on the down payment/ I have done 350+ flips and counting.

3. Being a private lender on real estate is a great passive income investing.  Basically your the bank and receive monthly checks for you loan. You can also set it up to be paid at the end of the loan if it is a flip. The key is knowing the value of the home you are lending on. Realtors can give you BPO (Brokers property opinion) on the home to know its value. Safe loans are 50%-65% LTV (Loan to Value), that creates an equity position that you as a lender are safer at.

You will also need to close the property through an escrow/Title company like a traditional real estate sale. Your attorney or a Realtor can get you an Attorney to draw up all the loan docs needed in a transaction. Lastly you must have 1st lien position on the subject property. This all protects your money with the pledged real estate.

The benefit is your not really doing anything except getting payments from your client.

4. Lease options, Carrying a note, Rent to own are another way to create income in real estate. This is a great way to make income off real estate if you do not like rentals. This will be a new service of my company that we will be offering you our clients that can create a great monthly income and get a nice down payment. Most cases will also have a nice equity position through their loan note. You also don’t usually deal with any maintenance of the property.

These are 4 ways to look at passive income and my company does them all. We also have all the services at your finger tips.  Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty  

Check out all our updates on our YouTube Channel

Want to grow your Real Estate business

Growing your real estate business as a agent or investor takes time and money. We have many services and new ones coming on line for 2017.

If you are a Realtor and need construction, property management or video service we have all that. Having licensed contractors and all our other services at your fingertips can make you a lot of money.

If you have a basement issue call us on our epoxy system that could save you or your client thousands of  dollars. This process could save you a lot of deals also, especially doing it before you sale a property.

Need pictures or videos on your real estate? We do that too, we have the experience of over 2500 videos for our clients. Great way to get a resume and sales for your real estate transactions and have them to show off to potential clients. They are also good for your clients records and out of state clients that cannot see the home. I have sold 2 properties off videos I have produced and marketed.

If you have a client with bad property management we can help there also, opening a new property management in Ohio and we also have one in Arizona. Clients are very happy with our services and that gets you more business.

If you are an investor or investor agent and need construction we have that.  We do a full array of different rehabs and can pretty much do anything needed to a home. We get you a firm quote and get the work done to your satisfaction. We are professional and your client will be satisfied.

Having a team of professionals behind you in Real Estate and Real Estate investing is priceless. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 West USA Realty for all your real estate service needs.

 

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