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All Forum Posts by: Brett Young

Brett Young has started 8 posts and replied 14 times.

Post: Buy and Hold Real Estate works

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $84,000
Cash invested: $22,000
Sale price: $1,400

Grade A area leased at great equity position we have a great property that has a ton of equity and great cash flow
Rent $1400
Tax $ 333
Ins $ 50
P/M $ 125
Net $ 892

What made you interested in investing in this type of deal?

Grade A area people want to lease there and live.

How did you find this deal and how did you negotiate it?

I'm a Realtor I negotiated the deal

How did you finance this deal?

it was a cash deal

How did you add value to the deal?

I negotiated the deal, rehabbed the home, leased it and manage it

What was the outcome?

Success and great cash flow

Lessons learned? Challenges?

Great buy and glad we resealed the driveway

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a Realtor

Post: Buy and Hold Great Location and Lease

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $81,000
Cash invested: $24,100
Sale price: $1,250

Leased the home for $1250 a month worth $135,000

What made you interested in investing in this type of deal?

1% and the area growing in equity solid B area

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Cash

How did you add value to the deal?

Yes updated the home $24,000 including a new roof

What was the outcome?

leased in 3 days and cash flowing

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Brett Young

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4
Quote from @Erin Dorsey Robinson:

Nice! Do you have tenants in place already? How much will you charge for the rent?


I charge first months rent with a 13 month guarantee

Post: Looking for real estate agent for first rental

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Call me I'm an agent and investor I can assist thanks 

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4
Quote from @Shane Kelly:

Nice! Hope it does very well for you.


Yes its doing great all leased and cash flowing Thanks

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4
Quote from @Dmitriy Fomichenko:

Congrats @Brett Young


Thanks 

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4
Quote from @Juan V Lopez:
Nice Brett, congrats! Does it need work or turnkey? You're planning to keep as a rental?

Yes it has been a rental and will stay that. We keep the properties 2-3 years and sell if they want. These properties rent 18-24 months per tenant on average

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Yes the rent was $1250 a month 

Post: 12804 Brookfield Cash Flow real estate

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000
Cash invested: $17,500

Fresh and bright, large 3 bedroom, 2 full bath home with first floor laundry.. This property was leased at $1300 a month.

Post: West Cleveland Income Property

Brett Young
Posted
  • Real Estate Agent
  • Beachwood Ohio
  • Posts 16
  • Votes 4

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $105,000

This was a 3 Bedroom 1 Bath in Kamms corner great property with Equity!