All Forum Posts by: Matthew Fritz

****556 HELPER DRIVE, BEDFORD, OHIO 44146****

Yr. 1 Projection - 18% ROI

• Standard Assumptions
  • Annual Management
  • No Vacancy - Current Lease Term = 1yr.
  • Maintenance Exposure
  • Annual Insurance Premium
  • Annual Municipal Occupancy Permit
  • Annual Property Tax

This adorable single family Cape Cod offers 3 bedrooms and 2 full bathrooms. Hardwood floors. Living room with fireplace. Kitchen with built-in cabinets. Formal dining room. Two good sized bedrooms with closets on the first floor. Gorgeous master bedroom on the second floor with amazing wood work. Partially finished full basement with recreation, fireplace, and the second full bathroom. One car detached garage. Shed for storage in the back yard. Deck on the back. This property offers approximately 1,227 square feet of living space and is located in the city of Bedford, close to schools and shopping.

Located between two of Northeast Ohio's finest Metroparks systems and Shawnee Hills Golf Course. Bedford encompasses a stable business community with a solid residential neighborhood. A wonderful mixture of old and new intertwining around a charming old-world main street downtown.

Bedford is also home to the famous Bedford Automile. Formally organized in 1956, the Bedford Automile Dealers Association was established to join the dealers in the Broadway/Rockside Road area into a common voice. Together, these franchised new car dealers have established as their mission, the promotion of new and used car vehicle sales along with contributing to local charitable organizations. This provides a positive public impact within a community.

This unique partnership is an efficient way to promote each of the dealerships individually as well as the synergy created by joining hands as a group. The Bedford Automile now stands as 26 new car/truck franchises that extends approximately from the intersection of Broadway Ave. (Route 14) and Rockside Road south 1/2 mile and east 1/2. Quite literally the largest selection of new and used vehicles anywhere in the state is found in one convenient destination

Their mantra "We've provided miles of smiles for over 50 years. We invite you to see for yourself the benefits of shopping the Bedford Automile".

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AS SEEN ON TV - FOX - CLEVELAND, OHIO

• HOW MUCH DO YOU KNOW ABOUT CLEVELAND, OHIO?

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****556 HELPER DRIVE, BEDFORD, OHIO 44146****

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Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

Yr. 1 Projection - 18% ROI

• Standard Assumptions
  • Annual Management
  • No Vacancy - Current Lease Term = 1yr.
  • Maintenance Exposure
  • Annual Insurance Premium
  • Annual Municipal Occupancy Permit
  • Annual Property Tax

****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

This marvelous ranch with a basement, offers approximately 960 square feet of living space with 3 bedrooms and 2 full bathrooms. Kitchen with lots of storage, built-in cabinets, and eat-in area. Living room with large bay window offering plenty of natural light. Unfinished walk-out basement with a full bathroom. This marvelous ranch is located in the beautiful city of Bedford.

Located between two of Northeast Ohio's finest Metropark systems and Shawnee Hills Golf Course. Bedford encompasses a stable business community with a solid residential neighborhood. A wonderful mixture of old and new intertwining around a charming old-world main street downtown.

Bedford is also home to the famous Bedford Automile. Formally organized in 1956, the Bedford Automile Dealers Association was established to join the dealers in the Broadway/Rockside Road area into a common voice. Together, these franchised new car dealers have established as their mission , the promotion of new and used car vehicle sales along with contributing to local charitable organizations. This provides a positive public impact within the community.

This unique partnership is an efficient way to promote each of the dealerships individually as well as the synergy created by joining hands as a group. The Bedford Automile now stands as 26 new car/truck franchises that extends approximately from the intersection of Broadway Ave. (Route 14) and Rockside Road south 1/2 mile and east 1/2. Quite literally the largest selection of new and used vehicles anywhere in the state is found in one convenient destination.

Their mantra: "We've provided miles of smiles for over 50 years. We invite you to see for yourself the benefits of shopping the Bedford Automile".

http://www.bedfordoh.gov/

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AS SEEN ON TV - FOX - CLEVELAND, OHIO

• HOW MUCH DO YOU KNOW ABOUT CLEVELAND, OHIO?

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****110 GREENCROFT ROAD, BEDFORD, OHIO 44146****

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this e-mail. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Argeo, welcome to the BP community! You have definitely come to the right place to learn and connect with people. All the advice that you have been getting on this post is great, like the books @Jordan Williamson suggested, definitely great books to get you started. Until you narrow down what type of investing you are thinking about doing, I suggest you learn a little about all of them, whether it be investing in single family, multi-family, commercial, or wholesales. This will help you narrow down exactly what you are interested in and then you can set specific and realistic goals for yourself. I also suggest connecting with experienced people in your area. You can read as much as you want but getting real life experience from someone who has done it and lived it, is priceless.

I hope this helps even just a little!

Good Luck!

*****1560 E. 196TH STREET. EUCLID, OHIO ***** 19% Cash on Cash

Yr. 1 Projection - 19% ROI

• Standard Assumptions
  • Annual Management
  • No Vacancy - Currently (2yr. Lease Assigned)
  • Maintenance Exposure
  • Annual Insurance Premium
  • Annual Municipal Occupancy Permit
  • Annual Property Tax

Huge 4 bedroom, 1 full bath Colonial, that has been completely renovated. The property is approximately 1,643 square feet of living space on a lot size of 5,800 square feet. The property starts off with a beautiful covered front porch leading to the large living room with a decorative wood burning fireplace and mantel. Updated kitchen with eat-in area. Formal dining room with built-in china cabinets and wooden sitting bench. Finish 3rd floor bedroom. Unfinished full basement. Shed in the back for storage. Car port. This Colonial is located in the beautiful city of Euclid.

Euclid has many family-friendly amenities such as 254 total acres of playgrounds/recreation, including 18 playgrounds, 31 tennis courts (10 lighted), 9 basketball courts, 19 ball diamonds (6 lighted), and 7 soccer fields.

Memorial Park features 55 acres of lighted sports area (sand volleyball, baseball, soccer, tennis courts), with a picnic area, playground, pool, and enclosed ice arena. 5 community swimming pools and an 18 hole regulation course on 126 acres; 6,274 yards, par 70; 39 sand traps, 6 lakes, 2 practice greens, 1 lighted driving range; gas carts; Pro Shop, snack bar and pavilion; full service lounge.

http://www.cityofeuclid.com.

Less than 10 minutes away from the highly acclaimed Cleveland Clinic (our area's largest employer), University Hospitals and Case Western Reserve.

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• AS SEEN ON TV - FOX - CLEVELAND, OHIO

• HOW MUCH DO YOU KNOW ABOUT CLEVELAND, OHIO?

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*****1560 E. 196TH STREET. EUCLID, OHIO ***** 19% Cash on Cash

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this post. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Hello Michelle and welcome to BP!. Check out all the educational tools BP has to offer to learn and gain knowledge about REI. Here are some tips that helped me get started.

• First you want to identify a few target markets that you are interested in. These could be in your immediate area or in another state. 
• Then you will want to make connections with experienced people that are familiar with the markets that you are interested in.
• The MLS is a great resource to finding good deals on properties.
• You could also team up with a local realtor in your target market who has more knowledge about the area. 
• Foreclosure auctions are another way to but cheaper properties are normally a little riskier investment.
• Do not forget to take into consideration the current condition of the property. 
• If the property needs to be renovated make sure you do not cut corners, you do not want to have continuous maintenance issues in the future. 
• Make sure when you are trying to find renters that you set up a screening process, a high quality tenant means timely payments, better upkeep of property, longer term which equals less turnover.
• If you are looking out of state make sure you find a reputable and licensed property manager with boots on the ground. This could be huge to the success of your investment.

I hope this helps get you moving in the right direction. If you want to connect or chat feel free to message me. 

Good Luck and Happy Investing!!

*****3857 Salisbury Road, South Euclid, Ohio 44121 ***** 18% Cash on Cash

Yr. 1 Projection - 18% ROI

• Standard Assumptions
  • Annual Management
  • No Vacancy - Currently (2yr. Lease Assigned)
  • Maintenance Exposure
  • Annual Insurance Premium
  • Annual Municipal Occupancy Permit
  • Annual Property Tax

Captivating Cape Cod located in the heart of South Euclid. The property features 3 bedrooms and 1 full bathroom. Newer hardwood floors throughout. Living room with a huge beautiful picture window. Kitchen with tile floor and eat-in area. Partially finished basement with utility/laundry area. 2 car detached garage. This property offer approximately 1,316 square feet of living space and is conveniently located close to shopping, schools, and parks.

With a cool, hip, urban feel, this suburban home is located in South Euclid, just minutes away from University Square. University Square is anchored by Macy's and Target. Cedar Center is South Euclid's newest gem with several restaurants and shops ~ Whole Foods, Five Guys Burgers & Fries, Piada Italian Street Floor and Starbucks, just to name a few.

Close to Bexley Park, one of South Euclid's three community swimming pools, splash park, Playground of Possibilities and dog park, making this a vibrant, safe community of neighbors and neighborhoods. Born from the quarries that built Greater Cleveland's first sidewalks and streets, South Euclid today is home to Notre Dame College, University Suburban Health Center, Cedars On The Green Pediatric Health Center, Transdigm Corporation, AeroControlex Group and The Rochling Glastic Corporation. Short drive to Cleveland Clinic, University Hospitals and Case Western Reserve University.

A "College Town for all Ages," our historic community offers a wide range of housing to fit the needs of families, students, professionals, and empty nesters with a diverse variety of housing ranging from century farmhouses and cozy bungalows to new homes for families and empty-nesters. Our central location in Greater Cleveland means that we are minutes from Cleveland's finest shopping and cultural districts, and quick access to freeways will take you to downtown Cleveland or out to the countryside, all within 20 minutes. With a highly rated South Euclid/Lyndhurst School System makes this neighborhood a sought-after housing market.

http://www.cityofsoutheuclid.com/

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• AS SEEN ON TV - FOX - CLEVELAND, OHIO

• HOW MUCH DO YOU KNOW ABOUT CLEVELAND, OHIO?

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*****3857 Salisbury Road, South Euclid, Ohio 44121 ***** 18% Cash on Cash

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Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this post. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Welcome to the BP community! You have definitely come to the right place to gain knowledge and connect with people. BP has many educational tools to take advantage of like webinars and podcasts. Also, make sure you check out the keyword tool, you can create a list of keywords and will get alerts when BP members are discussing those topics. 

I hope this helps!!

I am not from your area but I do have experience in property management. I bet you already know this but when you do find a property management company to consider, make sure you do your due-diligence. 

Personally, the most important thing when researching PM companies is the transparency of the property management company. Do they have an office that I can visit to meet the team?(this is a huge one for me, I need to know that they have boots on the ground and have a personal interest in the area.) Do they have any in-house services such as Maintenance or Accounting? (if not who does the maintenance and accounting?) Do they have strategies in place for when my property becomes vacant? Do they have a standard for their paint, flooring, siding, etc. to cut down on turn around costs? Doing due-diligence on the property management company is just as important, if not more important, than doing due-diligence on the property/investment. I have seen a bad property management company turn what seemed to be a great investment into a disaster because they cut corners on renovations, tenant placement, and maintenance. 

*****296 E. 246TH STREET, EUCLID, OHIO 44123 ***** 18% Cash on Cash

Yr. 1 Projection - 18% ROI

• Standard Assumptions
  • Annual Management
  • Maintenance Exposure
  • Annual Insurance Premium
  • Annual Municipal Occupancy Permit
  • Annual Property Tax

Newly renovated cape cod. This gorgeous home features 3 bedrooms, 1 full bathroom, and offers approximately 1,116 square feet of living space. Living room with hardwood floors. Updated kitchen with built-in cabinets and eat-in area. Second level master bedroom with cedar closet. Partially finished basement with laundry hookups. Enclosed sun room off the back. Fenced in back yard. 1 car detached garage. The home is located in the City of Euclid, Ohio.

Euclid has many family-friendly amenities such as 254 total acres of playgrounds/recreation, including 18 playgrounds, 31 tennis courts (10 lighted), 9 basketball courts, 19 ball diamonds (6 lighted), and 7 soccer fields.

Memorial Park features 55 acres of lighted sports area (sand volleyball, baseball, soccer, tennis courts), with a picnic area, playground, pool, and enclosed ice arena. 5 community swimming pools and an 18 hole regulation course on 126 acres; 6,274 yards, par 70; 39 sand traps, 6 lakes, 2 practice greens, 1 lighted driving range; gas carts; Pro Shop, snack bar and pavilion; full service lounge.

http://www.cityofeuclid.com.

Not to far away from the highly acclaimed (and our areas largest employers) Cleveland Clinic, University Hospitals and Case Western Reserve.

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• AS SEEN ON TV - FOX - CLEVELAND, OHIO

• HOW MUCH DO YOU KNOW ABOUT CLEVELAND, OHIO?

-------------------------------------------------------------------------------------

*****296 E. 246TH STREET, EUCLID, OHIO 44123 ***** 18% Cash on Cash

-------------------------------------------------------------------------------------

Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this post. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

 Mahmoud,

Great to have you here on BP! Make sure you check out the keyword tab where you can create a list of keywords and get alerts when BP members are discussing those topics. 

I have been in the Turnkey Investment industry for the last 2 years and the one thing I tell people when getting into it, it is make sure you do your research. The most important thing to me when looking into Turnkey Real Estate Investing is the transparency of the property management company. There are so many Property Management Companies out there today that doing your due-diligence on them is just as important, if not more important, than doing due-diligence on the property/investment.

Below are some due-diligence questions that I ask when looking into a property management company:

Do they have an office that I can visit to meet the team?(this is a huge one for me, I need to know that they have boots on the ground and have a personal interest in the area.)

Do they have any in-house services such as Maintenance or Accounting? (if not who does the maintenance and accounting?)

Do they have strategies in place for when my property becomes vacant? Do they have a standard for their paint, flooring, siding, etc. to cut down on turn-around costs?