Ultimate Real Estate Newsletter 3/17/17 Edition

 

Unlimited Real Estate Magazine

Knowledge is everything in Real Estate

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Arizona Discount Listing Service Starts at $995

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Listing Service Ohio Century 21 Premier

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Successful Income Property from start to finish​

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Purchased an income property for a client earlier this month for $73,000 in Bedford Heights Ohio that was a lovely split level. The property did not need any rehab and was rented for $1200 a month. The Approx net after Property Taxes, Property Management and Insurnace was $820 a month. The home is worth $115,000 on todays market.

We rented the property in 2 weeks after 4 applications and a lot more that wanted to fill out applications. Each tenant had a credit,background,and employment verification og their income. We looked at all the applicatants information and picked th best quality tenant. They were very excited when we called and told them that they had won the home.

Bedford Heights has litlle to no rentals and the home and neighborhood were highly desirable. We look for hard to find homes that have a large population on quality tenants.

This client has their own property management and wanted a professional Realtor that understands the area and how to get the top rents to find a tenant. The tenant in this case is putting down $1200 deposit and first months rent. All finished in 2 weeks.

If your having issues finding a great income property and want to be in great neighborhoods? That is what we do and we have a ton of experence. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty

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The Benefits of Owner Financing for Sellers and Buyers

Great article from https://www.creonline.com/ by William Bronchick J.D that talks about both sides of the owner carry benefits for both the buyer and seller.

“1. Highest Price. There is no doubt that a seller can insist on and receive the highest price when offering flexible owner-financing terms. In many cases, the seller can receive more than the fair market value of the property by offering these “soft” terms. People are always willing to pay a premium for non-qualifying financing”

Anytime you are selling anything it is always the terms and how many buyers can qualify. With owner carry you can get a nice down payment (Usually 10% of the sale price of the home) and create a great income for the seller and a nice home for the buyer. There are a lot of buyers that have a ton of cash that cannot get traditional loans. Buying the home in areas were this works is also very important also to long term and successful transactions for all parties.

2. Cash. Nearly every seller says he wants all cash, but few need it. What the typical seller wants is the most net cash from the deal. Often, the seller has to pay closing costs, title insurance, broker fees, and the balance of the existing financing.’

You always want to make sure that the title of a home is clear.  I am a Realtor and understand how to make a transaction safe for both parties. For example you will want to make sure as a buyer that the seller does not refinance and cash out without you knowing. as a realtor I understand how to make the transactions safe. Broker fees look like nothing when the seller backs out of a deal or refinances all the equity out. Realtors understand how to set these types of transactions up so everyone knows what is going on with the property and everyone knows what the transaction detail are.

” 3. No Loan Costs. One of the biggest benefits for the buyer is not having to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance and the plethora of other “junk” fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an owner-financed installment sale.”

There is a big savings in the loan area, but I would also get a BPO (Brokers Pricing Opinion)  as a buyer to make sure the value of the home.  Paying to much for a property is not good business. That is why you should always have a Realtor or Attorney involved in these types of transactions. Every state has different rules and as a seller you need to know them. Lets face it when the buy sells the home they want to make some money through their equity position.

If you have a home you want to sale, think about the owner carry method and get the top price for your home. I understand the way these need to be set up and can help you sale your home for top dollar.  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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Having a hard time finding a Home for yourself and or Investment 

Getting that perfect property can be hard to find. You need certain updates and finishes that fit your taste and needs. For example a new kitchen, bathroom, flooring, Interior paint colors you name it.

Good news I am a Realtor that has contractors that can make your home what you want it to be. We can find you the home and get you a great deal and then remodel it exactly to your liking. We are currently doing two deals just like that in Strongsville and Lakewood Ohio. Making my buyers homes perfect for their needs. They sit back an relax while the contractor does all the work.

Having the vast resources and buying power by doing 1000+ homes over my career and knowing where to buy home items saves my clients big. We just started a kitchen for a client that will be very nice and my clients cannot believe the price. Need a Home on a Budget?

Here is a recent home I did this year.

Finding the right home becomes a lot easier if you have our team behind you. We pull all the permits and get your home remodeled to fit your needs.  When you purchase a home through us that does not need rehabbing now, you can call us in the future.  We want relationships and happy clients.
Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty

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Income Property In Lakewood for Sale. $3300 a month Gross Income​

SEE THE LAKE FROM THE STREET!!! 2 houses on 1 parcel! Perfect for investors or first time home buyers. Beautiful side by side double with single home next to it. Each house/unit has 3 bedrooms 3 closets, and 1 bathroom. Interiors are updated and freshly painted, LARGE kitchens. Appliances all included. Beautiful hardwood floors on the first and second floor, plus newer carpet. Houses have private basements. 1 garage lot for storage and/or an auto per unit. NEW EFFICIENT FURNACES to keep you warm with lower energy bills. This house is located on a quaint NEWLY REPAVED street within walking distance to the lake, metro parks, marina, local shops, stores, restaurants, and bars. 1279 – 1281 Webb (Side by side) – Brand new roof in 2014, roof was a complete tear off with ice guard installed over the entire roof for added protection. Also, 1281 Webb bathroom was beautifully remodeled in 2015 with tile and granite. 1285 Webb (Single house) – New bathroom remodel in 2015, with large kitchen, currently has long term tenants. The home is rented for $1200 a month and the Duplex unit is rented for $1,050 a month. 

Call Brett 216-703-5740 Century 21 Premiere

This Weeks Investment Real Estate Videos

This week was full of getting projects finished up and learning some new things about marketing. The home we purchased in Bedford Heights for a client got over 100 calls and was rented for the projected $1200 a month.

We just started advertising the Fairview Park home and getting a lot of calls on that home. We will be showing that property next week.

We do Credit checks and call the previous landlord to qualify the potential tenants. We also run a background check. There were three credit checks ran on this home before we approved the tenant.  Getting the best tenant is key having a successful income property.

I also had to get inspections finished up on two properties and get my new listing in the MLS. I have a lot of investors that want to sale their properties that have called me. That is why I have a great new listing package for you.  The listing discount can also be used on any home.

The package consist of full videos and pictures of the home, and it being added to the Multiple Listing Service were almost all properties are sold. The properties also go to Zillow,Trulia, Realtor.com and many more websites.  We also set a personal website up for your property, and you can help market with that website. Check out the video below for all the details.

I am meeting a client today to buy a nice property for their portfolio.  Have a great day and check out the awesome videos below. Also call me for all your Real Estate need at 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty

Fairview Park Ohio Rental

Great 3 Bedroom 2 Bath that goes to Rocky River Schools. The home has a finished basement and a two car garage. Call Brett 216-703-5740 Century 21 Premiere

Check out all our updates on our YouTube Channel

New Website Alert!!!!!!

We have a great new Website that is for the owner carry investor. We have special programs and awesome real estate that fits this markets needs. Click below to see this new website and start creating more wealth….

Remodeled Home 8498 Vera Broadview Heights, Ohio

Great Location , Lovely 4 Bedroom 2 1/2 bath home over 2000 SF that has been completely remodeled. This home also has a Awesome Kitchen and a first floor Laundry. Newer Heater and water heater. 2 Car Garage. Call Brett 216-703-5740 Century 21 Premiere. 

This property is in the Brecksville Ohio School System.

Choosing the Best Listing Agent for You

  

Most people that are listing a property want it to sale quickly and for the top price. Choosing a listing agent is important and you need to look at their marketing systems.

The MLS (Multiple Listing Service) sells almost the homes on the market. When a listing is added to the MLS it goes to a to of other sites like Zillow, Trulia, and Realtor.com just to name a few. The buyers and buyers real estate agents look and purchase almost all the homes on the internet. (I personally pay a fee to have my listing premium on Zillow.)

It really comes down to the commission and if an agent answers their phone on a when it rings. A lot of sellers forget that the agent needs to be available a lot and the phone is their major communication tool.. I sold and rented a house yesterday because I simply answered my phone and gave the buyers all the details they need to make a decision on a property.

Getting a sale on a property can happen anytime and your agent needs to be available at almost anytime.

I was on a trip in Hersey Pennsylvania and got a call from a Realtor that had a buyer to buy one of my listings.  I went out of the eatery I was at and called my sellers and got the deal done immediately. It took me a coupe of hours of my vacation time, but I got the home sold in 4 days and my sellers were very happy.

I also offer a discount listing package that will sell your home. It saves you a ton of cash and does the same thing all the other high priced agents do….sells your home! My company also does everything the other agents companies do, plus gets you a personal website for you to show your family and friends in case their in the market to buy,

Getting the best listing agent is getting one that saves you money and answers their phone. I have sold over 1000 properties and I can sale yours and save you money. Call Brett 216-703-5740 
Century 21 Premiere and 602-363-6551 EXP Realty   

Lakewood Duplex for Sale

Great location complete with tenants.  This property generates $1250 a month gross rent. It is in the heart of Lakewood, one of the hottest real estate markets in Ohio. Call Brett 216-703-5740 Century 21 Premiere for all the details

Looking at Out Dated Homes? I can fix that ​

Just purchased this home for a buyer and they want a new home before they move in. We are adding a new Kitchen and much more to this great home in Strongsville. Looking at homes that are out dated in areas you want to live in. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty I can get you a home purchased and remodeled in your budget.

 

2 Comment

  1. fund side income

    1. By56083 says: Reply

      What do you mean??? Thanks

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