Posts made by author 'Brett Young'

Create any more value in properties sometimes takes adding more on the Construction, but that needs to stay in budget when you're doing it.

this property created a great income for the client over the last four years. But the market is good right now for selling so he wants to sell it and make great money on it.

this property we paid $60,000 for and 2019. We will be putting this property up for sale for $180,000 after we're finished with the updates.

this property was purchased in a very good area and is going to make this client very good profit but the construction must be on in budget and makes sense for this client. You can't get through half of them then go oh no I have to pay the contractor more a lot more.

Having the rehab team around us that can take care of our real estate and keep it a budget is the key to our success into our client. Success. Remember, you have to keep things in budget for you to make money.

taking all the classes you want will never teach you how to get 24 years of construction experience behind you in Cleveland, Ohio. We have the team we have the consistency and we have the resume.

Call me 216-703-5740 Brett, Key REALTY, and Property Management

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Buying income/Investment real estate requires a Realtor that has done many properties and understands the work it will take to accomplish the clients final goal.

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This property was purchased April 2023 for $106,000 and rehab $10,675 for a total of $116,675.  

This property was leased in May 2023 in 8 days for $1350 a month. 

Let's look at the returns Net lease deposits after taxes, insurance and Property management

2023            $5925

2024            $7751 Total $13,676 Net deposited in Owners account

That means the 1st tenant stayed for 16 months and paid their rent on time and took care of the property. We had to add $2200 in the property to get it back on the market. Quality tenants create easier income and less money out of our clients pockets.  

The new lease on this property was from am existing tenant that has stayed in a property for over 4 years and wanted to stay with our property management. The relationship with the tenants and being consistent on keeping our properties nice really creates income for our clients.

We also got another $150 a month or $1800 a year.

Let's look at the new approximate numbers.  Lease $1500 Tax $222 Insurance $60 P/M $125 Net $1093 or $13,116 a Year 

Approx net worth $165,000 Let's look at the Approx numbers now 

Worth $165,000-$116,675 (cost of home and rehab) - $2200 rehab to lease = $46,125

Approx Equity $46,125 + $13,676 Net proceeds from rent = $59,801

Need Real Estate that is Profit Ready and in already established areas?  Call me (Brett) 216-703-5740 Key Realty and

Property Management 

Understanding the best ways to purchase real estate and creating both income and equity is the Key to Success. Check out these properties call Need help with Real Estate Call me: ? Brett: 216-703-5740 (Also on WhatsApp) Key Realty and Property Management

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