All Forum Posts by: David Leggett

@Marisa Rowe That's very interesting! I imagine the market is similar to the Cleveland market, I'm finding investment deals all the time with over a 20% ROI, and I do believe both cities are on the upswing, that's very interesting, I must check this out!

Also, please explain to me where you can find better real estate deals offering over a 20% ROI because I would love to know

If I buy a house for 50k and the rent is $900 a month that equals $10,800 a year.  $10,800 x 5 is $54,000. Of course you will have expenses, taxes and maintenance but please explain to me where my math is wrong?

Hello, if you're still looking let me know.  I got this great contractor who I refer to all my investors to do anything from small jobs, concrete, plumbing, HVAC, to total rehabs.  He's a veteran who's been doing this for years and has a team of guys that can do anything out here so let me know if you would like his information

This is an outstanding article, I never really considered any of this!! It's blowing my mind, but it makes perfect sense.  I'm going to have to disagree with Bob, however insightful, I don't think people consider man of those financial aspects when talking about turn-key properties.  Those are all very important, and essential to any good real estate investment deal, but I think the majority of investors when talking about turn-key properties are talking about the physical structure, mechanicals and renovations and updates, instead of rent rolls, operating costs, payment history and so forth.  

Yes, Cleveland is a great untapped rental market that not a lot of people really know about. I see a lot of investors looking for multi-family properties, and they're out there, and I can find them for you. But you shouldn't overlook the single family rental market in this area, it's outstanding. I'm finding properties regularly, I just found one two minutes ago, that are selling for 50-60k, in viable rental neighborhoods, getting $800-$1000 a month. That's like a 20% ROI, you can have the house paid off in 5 years and be collecting straight profit for however long as you want, not to mention the increase in the home values over time. Feel free to contact me and I can send you some properties I'm talking about.