In the 100th episode of The MLS Search & Analysis Show James provides his client Angus from Hong Kong with two BRRRR method investment opportunities in the Cleveland, Ohio market. One of these BRRRR method rental properties has the potential to earn Angus a return of more than 200% on his investment if the proper bidding, renovation and property management strategy as explained by James, is successful.
In the 99th episode of The MLS Search & Analysis Show new rental property investors Kyle & Jacqueline are teaming up with their parents to work with James to acquire a few cash flowing rental properties. Their goal for their rental portfolio is to earn at least 6% ROI on their money while maintaining a fairly low level of risk given the current world recession along with their busy careers as a Doctor and Investment Manager in South Africa. James finds and performs due diligence on two multifamily properties that should meet or exceed all of their investment goals. These properties feature very low levels of risk as they have a very stable tenant base with a convenient location near one of the most recession proof businesses in the world.
In the 98th episode of The MLS Search & Analysis Show James Wise is doing due diligence on two multi family properties in the Cleveland, Ohio market for two long time clients. These properties, a triplex and a duplex will make perfect additions to his clients existing multi family portfolio. James breaks down the estimate income and expenses including rental income, taxes, insurance, vacancy, non payment of rent, capital expenditures, repairs, maintenance and much more.
The Chinese buying us real estate has become very popular in recent years. Thanks to the great prices and global economy Chinese investors are seeing a huge return on their investment when they US rental properties. In the 97th episode of The MLS Search & Analysis Show James Wise is running due diligence on three Cleveland, Ohio area rental properties for his client Angus. Angus is a foreign national living in Hong Kong, China. He has approximately $3 Million that he would like to invest in the Cleveland, Ohio market. Angus is looking towards multi family properties that would benefit from the BRRRR method. He'd also like these properties to be in C-Class or better neighborhoods and feature a high price to rent ratio. The three properties James has identified for Angus all hit some, but not all of Angus's boxes. Tune in to see what types of opportunities are available for Chinese investors looking to invest in the United States real estate market.
In the 96th episode of The MLS Search & Analysis Show James is working with an international investor from Korea who goes by the name Andy when doing business in the USA. James has found another two rental properties in an emerging market that he thinks will fit perfectly in Andy's portfolio. Each of these properties will feature a great price to rent ratio if James can negotiate the seller's down to the price point he has targeted for Andy. After acquisition, James wants to convert these properties to Section 8 rentals in order to lower Andy's exposure to risk while the neighborhood is in a transitional state.
There are two ways to make a lot of money in real estate. Cash flow & appreciation. There are two ways to make money on appreciation. Forced appreciation using the BRRRR Method & an uptick in market prices due to things like gentrification. Buying cash flowing properties using the BRRRR Strategy in emerging markets is a great way to take advantage of all of these things at once. In the 95th episode of The MLS Search & Analysis Show James Wise is working with Brent & his wife Erin. Brent & Erin are investors living in southern Ohio who have ties to the Cleveland, Ohio market. They have $30,000 in cash available to invest in their real estate portfolio. As they are younger investors with high income day jobs they are focusing more on their long term gains vs their short term cash flow. With an eye on their long term wealth they're hoping to invest their money in transitional neighborhoods that have a high probability of becoming emerging markets. With all of this in mind, James find them two section 8 properties located in a semi-risky neighborhood that's receiving a billion dollars of investment capital from the local hospital.
Structural Damage kills deals. In the 94th episode of The MLS Search & Analysis Show James discusses structural damage that he's recently uncovered at a Cleveland, Ohio area triplex that his client R from California is interested in buying. The structural damage doesn't necessarily make this property a bad investment for the right buyer, at the right price, who is using the right buying strategy, such as the BRRRR method. However, James doesn't think it's going to work for R as the only feasible way to make the deal work is utilize the BRRRR strategy while getting a tremendous discount from the seller. Between the purchase price, structural renovation and cosmetic renovation costs, the amount of cash needed to pull of a successful BRRRR would be more than double the amount of cash R is currently working with.
Have you ever thought about buying rental property in the USA? What about buying student rental property in the USA? Buying student housing in America from other countries can be a great way to make money as renting to college students in America is a very profitable business. In the 93rd episode of The MLS Search & Analysis Show James Wise is working with a Foreign National from Korea who's English name is Andy. Andy and James Wise have been working together to build a rental portfolio for Andy in the Cleveland, Ohio market. Since the last video James Wise did for Andy, Andy has secured financing for his next investment property. As Andy is a Foreign National, the terms of his mortgage are slightly different than what American citizens are used to. One of the differences is that the lender requires the purchase price of the property to be at least $145,000. With all of this in mind, James finds and performs due diligence on two multi family properties in college towns that fit the bill.
In the 92nd episode of The MLS Search & Analysis Show James presents his client TJ, a dentist from New Mexico with three investment properties in the Cleveland, Ohio market. In the previous show James did for TJ, James was targeting BRRRR opportunities as TJ has $100,000 in cash to work with and his primary objective is building a rental portfolio of 50 units over the next 3 years. With this goal in mind, James is trying to help TJ stretch his available cash as far as possible. However, James found some investment opportunities that require such little cash into the deal that they may make even more sense for TJ than putting all of his cash into two BRRRR deals right now.
In the 91st episode of The MLS Search & Analysis Show James is working with a Foreign National who's English name is Andy. Andy is a Korean citizen who would like to invest $300,000 in the United States real estate market. Andy would like James to find him some small multi family rental properties. In addition Andy is interested in figuring out if it's possible for a Foreign National to find financing for American rental properties.
In the 90th episode of The MLS Search & Analysis Show James is doing due diligence on an 18 unit apartment building in Cleveland, Ohio's Clark Fulton neighborhood for his client Patrick from Texas. There is a ton of upside to this building and the neighborhood that it's located in, but it's important for investors to dig deep into the numbers that are presented by the seller's and the listing agents. Upon analyzing the numbers James can see that the advertised NOI & CAP rate are inflated due to the under reported operating costs.
In episode 89 of The MLS Search & Analysis Show James is working with a Dentist from New Mexico named TJ. TJ has $100,000 in cash and the ability to obtain financing given his profession in the medical industry pays very well. TJ would like to utilize the BRRRR strategy to acquire rental properties that are in up and coming neighborhoods, preferably those close to Hospitals or in the path of progress. James breaks down two single family homes that should be a perfect fit for what TJ is looking for. One with the ability to provide TJ with a return on his cash that is as high as 83%.
In the 88th episode of The MLS Search & Analysis Show James is working with his client Jason from California. Jason & James have done videos in the past & they've narrowed down the focus of what Jason is looking for with this video. Jason's ultimate goal is to obtain a high cash on cash return while staying in a C-Class or higher neighborhood. With a budget of $60,000 to $120,000 utilizing conventional financing, Jason is looking to get into this investment without having to target highly distressed properties. In addition, James speaks about how Holton-Wise is working to keep our employees, customers & clients as safe as possible during this trying time of social distancing & uncertainty.
If you are looking to learn how to do commercial real estate due diligence you are in the right place. In the 87th episode of The MLS Search & Analysis Show James Wise is doing some much needed due diligence on a 36 unit apartment building for his high net worth client Patrick. Patrick is looking to invest $2,000,000 in the Cleveland, Ohio real estate market. During the due diligence James combs through the seller provided pro forma and financial performance numbers. It becomes apparent that the CAP Rate the 36 unit rental property is being advertised at isn't it's true CAP Rate. James identifies the true estimated CAP Rate and provides Patrick with a bidding strategy and acquisition goal of acquiring the multi family complex for $400,000 less than what it's being marketed for.
In episode 86 of The MLS Search & Analysis Show James is presenting two multi family properties to his repeat clients Oren & Anastasia. Oren & Anastasia are out of state investors who've been working with James over the last year to build a sizable multi family rental portfolio in the Cleveland, Ohio market. When James saw this duplex and triplex listed on the MLS he thought they would both make a great addition to Oren & Anastasia's investment portfolio.
In the 85th episode of The MLS Search & Analysis Show James is working for an experienced investor from California named Dave. Dave is looking to purchase a couple low to moderate risk multi family buildings in the Cleveland, Ohio market to add to his existing real estate portfolio. Dave has been investing since 2017 and is slowly increasing his net worth to a point where is job as an engineer is becoming more of a hobby than a necessity. With all of this in mind, James presents Dave with a duplex in Euclid, Ohio along with an under utilized triplex near Baldwin Wallace University in Berea, Ohio.
In the 84th episode of The MLS Search & Analysis Show James performs due diligence on two duplexes in the Cleveland, Ohio market for his client Ryan. Ryan is an out of state investor who's been working with Holton-Wise to build a rental portfolio in Cleveland, Ohio. The 1st duplex is located in a D-Class neighborhood that Ryan is very interested in due to the low prices, moderately stable tenant base and chance for appreciation due to the money that Metro Health is investing in the area. The 2nd duplex is located in Old Brooklyn which is a C-Class neighborhood that James is very high on due to the moderately low prices, relatively stable tenant base and abundance of multi family housing stock.
In the 83rd episode of The MLS Search & Analysis Show James is back working with his high net worth client Patrick. Patrick & James are working together on a series of MLS Search & Analysis videos so that they can build Patrick a $2 Million portfolio in the Cleveland, Ohio market. During his due diligence on an 8 unit apartment building that Patrick identified as a property of interest, James discovers that the multi family property is being advertised for sale for far too much money. In addition, the advertised CAP rate is much higher than what is realistically possible and the person selling the apartment building is a wholesaler with no legal authority to sell the investment property or earn and pay out a commission.
In the 82nd episode of The MLS Search & Analysis Show James is working with an electrician from Southern California named Mike. Mike has a bank approval for a $125,000 and cash savings of $30,000. However, Mike wants to keep his initial cash spending to under $20,000 on his first investment in the Cleveland, Ohio market so that he's got enough cash lying around to cover any large costs that could pop up in the near future. James searches the Cleveland area MLS and finds Mike two single family homes with some hidden value that should be a great start to helping Mike accomplish all of his real estate goals.
In the 81st episode of The MLS Search & Analysis Show Jame presents his client Alex with two undervalued single family homes in Cleveland, Ohio. Alex, a firefighter from California has saved up $110,000 to invest in real estate and is hoping that the Cleveland, Ohio market will allow him to stretch that into a large portfolio. With the financing plan James lays out in during the show Alex would be able to purchase both of these investment properties and still have $70,000 of his $110,000 nest egg to use towards additional investment properties.
In the 80th episode of The MLS Search & Analysis Show James is working with Mike from Las Vegas, Nevada again. The last time James did an Analysis Show for Mike he earned his trust by making sure he didn't buy a duplex that was overpriced by $30,000. This time, Mike has put James to work on finding him two duplexes that would be much better income producers for his real estate portfolio. James breaks down the numbers and risk factors associated with two duplexes in Cleveland, Ohio that can make a ton of money for many years to come.
In the 79th episode of The MLS Search & Analysis Show James is taking care of the due diligence on a side by side duplex his client Ryan put under contract with the listing agent. In addition, James searched the MLS and found Ryan another duplex that would also be a great addition to his rental portfolio in Cleveland, Ohio.
In the 78th episode of The MLS Search & Analysis Show James is working with a high net worth client from Texas named Patrick. Patrick has $2 Million that he wants to invest in the Cleveland, Ohio market. This is the first of several videos James is going to do for Patrick as Patrick has hired James to find him 6 rental properties to start with. James and Patrick are going to use Patrick's large bank roll to target distressed properties with below market rents in an effort to acquire them below market value.
Is using credit cards a good no money down real estate strategy? In the 77th episode of The MLS Search & Analysis Show James is working with Jason, an investor from the San Francisco Bay area. Jason is looking to use the BRRRR strategy for his first investment and wants to utilize a combination of savings, a home equity line of credit (HELOC) and credit cards fund it. James breaks down the pros and cons of this financing strategy while pointing Jason towards a property on the lower end of his budget so he can minimize his risk as much as possible.
In the 76th episode of The MLS Search & Analysis Show James performed due diligence on a duplex in Cleveland, Ohio for his client Mike from Las Vegas, Nevada. Even though Mike is a seasoned real estate investor who has purchased rental properties in both Las Vegas, Nevada and Austin, Texas James doesn't think Mike should move forward with this purchase as the duplex is over priced and functionally obsolete.
In the 75th episode of The MLS Search & Analysis Show James is assisting his client Chris with due diligence on a quad in Newburgh Heights, Ohio. At first glance this 4 unit apartment building has the potential to earn Chris a 31% return on his money, however James dives even deeper to give Chris a realistic expectation into how likely that is given that there will be 3 inherited tenants paying under market rent at the time of acquisition.
Maria from California is looking to invest $400,000 in the Cleveland, Ohio real estate market. She is a seasoned investor who has purchased properties in other markets in the past including some Section 8 rentals in Oklahoma City that she didn't have a good experience with. With this in mind in the 74th episode of The MLS Search & Analysis Show James finds two multi family properties for her that have the ability to provide her with the high cash on cash return while keeping her level of risk low. In addition James breaks down the financing strategy he recommends using to maximize Maria's buying power so that she can purchase a 3rd multi family property down the road.
In the 73rd episode of The MLS Search & Analysis Show James is assisting a wealthy client from Florida named Ryan invest $200,000 in the Cleveland, Ohio area. Ryan is a seasoned investor with various investments including stocks, deferred income trusts & rental properties in multiple markets including Memphis, Tennessee & Dallas, Texas. With the $200,000 that Ryan has allocated for the Cleveland market he would like to purchase two or three multi family properties in C or D neighborhoods. James locates a distressed C-Class duplex that would be perfect for a cash investor like Ryan to increase the ARV by using the BRRRR strategy. In addition he has found another semi performing C-Class duplex that just fell out of contract with another one of James' clients.
Bro, do you even Smoke Weed? In the 72nd episode of the MLS Search & Analysis Show James is helping his client Eric perform due diligence on a 4 unit apartment building in Cleveland, Ohio. Eric, a Denver, Colorado resident who made his money in the Marijuana industry, utilizes real estate as a tool to help diversify his financial portfolio. In addition to breaking down the pros and cons of the quad for Eric, James opens things up for a discussion on the legalization of the Marijuana industry, Marijuana's effect on politics, Marijuana's effect on real estate, Marijuana's effect on the economy and whether or not James partakes in smoking the Ganja.
In the 71st episode of The MLS Search & Analysis Show James is assisting his client Vincent invest $40,000 into a cash flowing multi family property in the Cleveland, Ohio area. Vincent is a software developer living in Pasadena, California who has reached out to James' lender contacts to get a 30 year mortgage which allows him to use that $40,000 towards the purchase of $160,000 worth of multi family real estate. James goes over the pros and cons of two side by side duplexes, the neighborhood that each side by side duplex is in and why side by side duplexes are better investments than up & down duplexes.
After loosing out on a quad during a brutal bidding war with 16+ other buyers James' client Shindogg is back for another analysis in episode 70 of The MLS Search & Analysis Show. During the show James thinks outside of the box to bring Shindogg another quad as well as a triplex that isn't currently being operated as a triplex. A low-ball offer is going to be needed to make the quad work as it's currently overpriced. The triplex has just seen a price reduction and is in need of some work to unlock it's hidden potential.
In the 69th episode of The MLS Search & Analysis Show James is working with his client Amado from Tampa, Florida again. After the last Analysis James did for Amado they both decided to switch gears and go from targeting C-Class multi family properties to targeting lower risk B-Class single family properties. During the show James breaks down the reasons why B-Class single family rental properties have lower risk than C-Class multi family rental properties as well as provides an estimate on projected purchase price, rental income and expenses including property taxes, insurance, repairs, maintenance, capital expenditures, vacant, non-payment of rent and much more.
When selling properties it's common for Realtors to fluff, puff or exaggerate the pro's of a particular property in an attempt to sell it to buyers. After all, their job is to sell properties and this type of behavior is very common in all sales professions both in and out of the Real Estate industry. In the 68th episode of The MLS Search & Analysis Show James helps his client Al, an alleged Morris Invest victim from New York cut through all of the fluffing and read between the lines to get a complete, accurate & uncensored analysis of exactly what he would be getting if he were to invest in either of these C-Class duplexes in the Cleveland, Ohio market.
In the 67th episode of The MLS Search & Analysis Show James is assisting his clients Anastasia & Oren from San Francisco, California. Anastasia & Oren need help identifying the best possible multi family investments for $110,000 that they've set aside for investment in their rental real estate portfolio. During the show James breaks down the estimated income & expenses of two duplexes in addition to providing some color as to the pros and cons of each of the properties as well as the importance of doing due diligence when buying long distance rental properties.
In the 66th episode of The MLS Search & Analysis Show James has found a multi family property for his client Amado, a former Cleveland resident now living in Florida who's looking to invest approximately $200,000 in his hometown. The property is unique in that it's currently overpriced with some untapped potential. James sees a real opportunity for Amado to unlock some hidden value that many others have missed.
In the 65th episode of The MLS Search & Analysis Show James is running an in depth analysis on a duplex in Maple Heights, Ohio that his client Sam from Malibu, California is thinking about buying. During the show James breaks down the estimated income and expenses Sam should expect if/when buying a property like this. This includes but is not limited to maintenance cost expectations, capital expenditure cost expectations, vacancy cost expectations, utility cost exceptions and much more. In addition James breaks down the Point of Sale that Sam violations that Sam would likely need to assume should he decide to move forward with purchasing this investment property.
The 64th episode of The MLS Search & Analysis show features a property that James already looked at for another client in the past. Today, he's got a new client Jose who is interested in it as well. In the past James thought it would be a good investment opportunity however after dealing with the seller for his previous client James now believes that this property should be #JamesWiseDenied as what the seller wants just won't work for his client Jose.
In the 63rd episode of the MLS Search & Analysis Show James is doing another video for his client Willy, the truck driver from New Jersey. In the previous video James did for Willy James laid out a 10 year action plan for Willy that started with Willy buying himself his own home in New Jersey before investing any money in the Cleveland, Ohio rental market. James breaks down the steps Willy can take in New Jersey to pull off a multi family house hack that gets him at least one income producing rental unit while putting a roof over his head and ensuring that the only landlord's mortgage being paid down by his housing cost is his own.
In the 62nd episode of The MLS Search & Analysis Show Greg & Joe have a lofty list of expectations for their first BRRRR deal in the Cleveland, Ohio market. James goes through the things on their list that are achievable as well as those that are not. Analysis includes a breakdown of estimated income & expenses of a property that closest fits their needs. Strategies to ensure Greg & Joe don't loose out on the best deals available. How Greg & Joe can work with James & his team as their buyer's agent. The amount of effort needed to pull off a successful BRRRR deal and much more.
In the 61st episode of The MLS Search & Analysis Show James is taking a look at a quad sent to him by his investor client Shindogg the day that it was listed on the MLS by the listing agent. The quad is priced much lower than James thinks it should be so James breaks down the steps Shindogg needs to take to be the quickest and most aggressive buyer as this property is sure to be involved in a highly competitive bidding war.
In the 60th episode of The MLS Search & Analysis Show James helps his client Willy from New Jersey develop a long term investment strategy. During the show James identifies a duplex in the Cleveland, Ohio market that would be a great starter property for Willy assuming Willy already owns his own home. In addition to that James breaks down the steps Willy needs to take over the next 10 years to build himself a portfolio of cash flowing properties all on a truck driver's salary.
Diamond in the rough. Do you know to uncover undervalued real estate? In episode 59 of The MLS Search & Analysis Show James finds Vince properties that are being ignored by the rest of the market due to how they are being marketed. James explains the clues real estate investors should look for when trying to find hidden value in a home being sold by a distressed seller.
In the 58th episode of The MLS Search & Analysis Show James Wise shows his client John from Salt Lake City, Utah how to turn $60,000 into a real estate portfolio of three cash flowing rental properties. John has a goal of making a NET cash-flow of at least $300 per property per month. James breaks down the estimated income, fixed expenses, variable expenses and the market itself to show John what is possible in the Cleveland, Ohio rental market.
Many investors are looking to invest in real estate with no money down. The BRRRR method is one way investors can eventually invest in real estate deals without any money out of pocket. Best of all BRRRR deals can be done locally or in cheap out of state real estate markets like Cleveland, Ohio. In the 57th episode of The MLS Search & Analysis Show James runs the numbers on two BRRRR deals in Parma, Ohio for his client Josh from San Diego, California. Josh is a general contractor who has saved $90,000 that he wants to put to work so that he doesn't have to work a physically demanding job for the rest of his career. During the show James breaks down the realities of no money down real estate and a practical way to utilize the BRRRR strategy.
In the 56th episode of The MLS Search & Analysis Show James is helping his client Shindogg from Jackson, California invest $40,000 in the Cleveland, Ohio real estate market. Shindogg has only owned one rental property in his life which he rented to a friend (bad move!). With this new venture into the real estate business Shindogg is looking to do things differently. He is aiming for something on the lower end of the risk spectrum given that he's nearing his retirement. In addition, he would like to target the neighborhoods in Cleveland, Ohio that have the lowest property tax rates.
In the 55th episode of The MLS Search & Analysis Show James Wise is looking at rental real estate in the Cleveland, Ohio market for his client Dan from Ohio. Dan has $55,000 that he'd like to move out of the stock market and into the rental real estate market. Dan plans on using his $55,000 as a down payment towards multi family rental properties that cost as much as $150,000. As Dan is a first time real estate investor James targeted multi family properties in low risk neighborhoods.
In the 54th episode of The MLS Search & Analysis Show James is searching the Cleveland MLS for his client Octavio from New York City. Octavio would like to purchase one or two quads in B or C neighborhoods in the Cleveland market. Octavio has budgeted around $150,000 per quad and will be utilizing residential mortgages to finance these investments.
The BRRRR Method is a real estate investment strategy that allows investors to quickly build wealth through rental properties without a lot of money. In the 53rd episode of The MLS Search & Analysis Show James Wise is searching the Cleveland Heights area looking for an investment property that his client Jerry (a Real Estate Agent from San Diego, California) can perform the BRRRR method on. During the show James breaks down the current income and estimated expenses along with the reasons he believe there is some hidden cash flow available. In addition he breaks down an intermediate skill level purchasing strategy for Jerry that could allow Jerry to obtain the property below fair market value.
In the 52nd episode of The MLS Search & Analysis Show James Wise analyzes an 8 unit apartment building that his client Jarrod has under contract in Cleveland, Ohio. James goes over Jarrod's contract with the seller, the 3rd party inspection report, the neighborhood comps, the neighborhood risk levels, why coin operated laundry isn't as profitable as many think and much more.
In the 51st episode of The MLS Search & Analysis Show James' client Joni from Florida has a private lender who has loaned her $100,000 to use towards real estate investing. Joni has access to this money for up to five years so she is looking for a way to utilize the BRRRR strategy to cash her investor out in a few years and transition this property into long term financing.
You don't want to miss this rental property analysis. In the 50th episode of The MLS Search & Analysis Show James Wise is looking for multi family properties for his client Spicy Chilly from California. Spicy Chilly has $50,000 in cash that she would like to use as a down payment to purchase a multi family property in the Cleveland, Ohio market that delivers her an average cash on cash return of at least 10% annually. James breaks down the numbers on two duplexes in the Cleveland market for her that have the potential to earn an average cash on cash return of up to 25%. One duplex is located on the west side of Cleveland and the other duplex is located in a near east side suburb called Newburgh, Heights. During the show James breaks down the property conditions, estimated income and expenses as well as the risks, neighborhood profiles, point of sale pros/cons and much more.
In the 49th episode of The MLS Search & Analysis Show James' Silicon Valley client Karim is back looking to spend his last $125,000 of a 1031 exchange within the next 8 days. Karim has opened up his search criteria and is looking to maximize the amount of rental income he can achieve with these funds so James identified a quad along with a side by side duplex in D and C class neighborhoods on the west side of Cleveland, Ohio. During the show James goes in detail on the neighborhoods, the buildings, estimated expenses, buying the ugliest homes in a neighborhood, low income investment risk factors, tenant base (including some tenants he thinks are savages) and a 1 billion dollar investment commitment from MetroHealth which leads James to believe there could be some serious gentrification affecting one of the neighborhoods discussed in the show.
In the 48th episode of The MLS Search & Analysis Show James searches the market for rental properties for his client Oliver from Hawaii. Oliver has $50,000 in cash that he and his wife want to stretch into as many mortgages as possible so that they can create enough passive income to allow her to retire from her job and stay at home with the children they plan to have. James breaks down the numbers on two multi family properties that allow Oliver and his wife to turn that $50,000 into four rental income checks every month and still have some money left over for value add improvements or a portion of the down payment for the next addition to their rental property portfolio.
In the 47th episode of The MLS Search & Analysis Show James is looking for a low risk multi family property for his client Roger from Maryland. Roger has been approved for a mortgage of up to $200,000 and would like to purchase a cash flowing investment property that is low risk, low maintenance and earns him a return of 10% or more on his money.
In the 46th episode of The MLS Search & Analysis Show James' client Duane from Daly City, California is looking to start his real estate portfolio. Duane has invested in equities for years and has now decided to jump into real estate investing with $70,000 in cash that he would like to stretch that as far as possible while maintaining a traditionally financed portfolio that still cash flows while avoiding high risk Section 8 dominated neighborhoods.
In the 45th episode of The MLS Search & Analysis Show James Wise is looking for high quality rental real estate for his client Tim from Palm Beach, Florida. Tim has invested in real estate for years and he is now venturing into the Cleveland, Ohio market. Tim has $100,000 cash budgeted for the first stage of Cleveland, Ohio investing. With a very prestigious and high paying day job Tim plans on making several acquisitions every year and has a fairly unlimited budget to continue building his portfolio so long as the investments perform well.
In the 44th episode of The MLS Search & Analysis Show James is searching the MLS for his client Dan from Ohio. Dan is an avid investor in the stock market but this is his first time investing in real estate. Dan has a budget of $150,000. $55,000 of that is in cash and he is looking to utilize residential financing to leverage himself into a larger real estate portfolio that maintains a cash on cash return of at least 9% while paying off all of the mortgage debt and cash flowing at least $400 per month.
You do not have to live close to a rental property to analyze it. You can analyze a rental property online using several clues to assess it's level of risk and profitability. The 43rd episode of The MLS Search & Analysis Show features a $19,900 duplex sent to James Wise by his client Ryan from Santa Clarita, California. Ryan is a first time Real Estate Investor who would like to start his Real Estate portfolio by investing in the Cleveland, Ohio market because the prices are so much cheaper than they are in the Santa Clarita, California area. Ryan is pre approved by a lender for $75,000 and would like to eventually hold a portfolio of A, B and C rental properties but doesn't think he can afford to get into that type of asset class at this time. James breaks down the $19,900 duplex Ryan sent in and explains why it's #JamesWiseDenied. James goes on to show Real Estate Investors a few ways that they can look for clues online to see if a property is in a highly distressed area and points Ryan in another direction that he feels will be a more appropriate buying strategy for Ryan's portfolio.
In the 42nd episode of The MLS Search & Analysis Show Ben from Charlotte, North Carolina has hit a home run with the Cleveland, Ohio duplex he has sent in for James Wise to analyze. James breaks down the gross income estimate as well as the estimated fixed and variable operating costs such as maintenance, repairs, vacancy, non payment of rent, utilities, property taxes, insurance, cap ex, landscaping, property management and more.
In the 41st episode of The MLS Search & Analysis Show James Wise is searching the Cleveland, Ohio area for a rental property for his client Jose, a Military IT contractor working in Kuwait. Jose has $30,000 to spend and would like to stretch his cash as far as possible using a traditional bank loan. Jose has a moderate risk tolerance and would like to avoid Section 8 rental properties. With this in mind James finds a duplex in Garfield Heights, Ohio for $89,000 that is in pretty good condition. James goes on to break down the financing and gross income estimates as well as the estimated fixed and variable operating costs such as maintenance, repairs, vacancy, non payment of rent, utilities, property taxes, insurance, cap ex, landscaping, property management and more.
In the 40th episode of the MLS Search & Analysis Show James has a $250,000 budget to find his client, a Silicon Valley investor named Karim, a cash flowing multi family property in a B-Class neighborhood in the Cleveland, Ohio market that is already in turnkey condition. During the show James discusses Karim's current portfolio and why this property is different. He also breaks down the estimated cash on cash return, cap rate, monthly maintenance budget, renovation costs, expected tenant base and many other things Karim can expect to encounter if he purchases this property. In addition to all of that James introduces a new product he has to give investors the same MLS access that he has.
Out of state duplex real estate investing. Which duplex is the better investment property? In the 39th episode of The MLS Search & Analysis Show John from California is back getting another analysis from James Wise. John has found himself two properties to look over. The first one is a high end duplex in an A grade Cleveland, Ohio neighborhood. This duplex looks like it will fit in very well with the rest of his portfolio so he'd like James to look over the numbers and provide some additional due diligence. The second property is a duplex in Euclid, Ohio. Euclid is a very popular cash flow producing neighborhood but it has some big differences to what John from California is used to buying. On top of that James has some thoughts on the construction of the building that have him a bit undecided as to what John should do with the Euclid duplex. Watch the show to see if these properties are good investments or not.
In the 38th episode of The MLS Search & Analysis Show James Wise searches the MLS looking for cash flowing investment property for his client Doug from North Carolina. Doug is a seasoned real estate investor who has been doing real estate investing for over 15 years and has recently retired from his job as a Bank I.T. Manager to become a full time real estate investor. In the show James goes over a detailed breakdown of the numbers including the Cap Rate, Cash on Cash Return, Capital Expenditure Budget, Vacancy & Repair Budget, Insurance Estimate, Property Management Fees, Property Taxes, Lawn Care, Risk Assessment, Section 8 Strategy and much more.
You should always run the numbers before you buy an investment property. This rule is even more important if the rental property is out of state. In the 37th episode of The MLS Search & Analysis Show James Wise is back analyzing another two multi family rental properties for his out of state investor Mike, a New Mexico transplant now living in California. Mike has $40,000 to use towards building his rental portfolio in the Cleveland, Ohio market. In the show James goes over a detailed breakdown of the numbers including the Cap Rate, Cash on Cash Return, Capital Expenditure Budget, Vacancy & Repair Budget, Insurance Estimate, Property Management Fees, Property Taxes, Lawn Care and much more as well as the reasons why he believes that this triplex and duplex could make great acquisitions for Mike's rental portfolio if the quad James found for him in an earlier episode doesn't pan out for Mike.
Bad real estate deals vs good real estate deals. Do you know the difference? In the 36th episode of The MLS Search & Analysis Show James Wise compares two quads for his client Mike, a New Mexico transplant now living in California. Mike has $40,000 to use towards building his rental portfolio in the Cleveland, Ohio market. In the show James goes over the reasons why he believes one of the quads will be a profitable investment and points out some red flags that lead him to believe that the other quad will be a money pit.
Does it make sense to invest in C class neighborhoods? Does it make sense to invest in D class neighborhoods? Does it make sense to invest in F class neighborhoods? Blight is all around. Are these rough rental properties the right investment for you? In the 35th episode of The MLS Search & Analysis Show Real Estate Investor James Wise provides an in depth analysis on a single family house in Cleveland, Ohio for his client Adam from Murrieta, California. Adam has a 10 year goal of growing his real estate portfolio to a point where it cash flows $10,000 per month. Watch the show to find out if this property is a good starting point for Adam or if the property is located in a neighborhood filled with blight.
If you are an out of state investor who is having trouble analyzing real estate deals than you'll want to check out this show. Holton-Wise can help you build an out of state rental portfolio. In the 34th episode of The MLS Search & Analysis Show James Wise searches the Cleveland, Ohio MLS looking for three multi family rental properties for his client Jeff from Alameda, California who has $110,000 from a 1031 exchange to use to start his out of state investment portfolio.
If you've ever wondered how to run the numbers on an investment property this video is for you. In the 33rd episode of The MLS Search & Analysis Show James Wise provides an in depth analysis on a high end duplex in Cleveland, Ohio for his Californian client John. In the video James breaks down the listing price and whether or not it's a good listing price compared to neighborhood comparables as well as many other factors that determine whether or not this rental property is a good investment. Factors discussed include renovation needs, ability to increase rents, financing, why he thinks that the layout is better than other duplexes along with monthly and yearly estimates on the gross income, net operating income and operating expenses such as insurance, taxes, property management fees, vacancy, repairs, cap ex and lawn care.
Learn how to increase your rental income with this duplex investment strategy. In the 32nd episode of the MLS Search & Analysis Show James Wise searches the Cleveland, Ohio MLS looking for a multi family property that will work for his client Chris. Chris is a real estate investor living in the Phoenix, Arizona area who is looking for a stable investment that doesn't need a lot of work, can be purchased with a traditional residential mortgage and still has the ability to generate $3,000-$4,000 a year in cash flow after all of it's expenses are paid. Let's dive in!
In the 31st episode of The MLS Search & Analysis Show James Wise breaks down the risk level of a 7 unit apartment building for his client Dave from California. In the video James discusses the building's questionable history over the last 30 years, the level of blight in this particular Cleveland, Ohio neighborhood, the difficulty in estimating the building's CAP Rate and why he believes the apartment building is actually a 6 unit and not a true 7 unit.
This property is priced well below it's ARV. Does this deal work as a BRRRR? Does this deal work as a wholesale? Does this deal work as a flip? In the 30th episode of The MLS Search & Analysis Show James breaks down the numbers, neighborhood, scope of work, financing options and much more on a bank owned single family property in Parma, Ohio for his client April from Seattle, Washington. April has budgeted $35,000-$50,000 for her 1st investment in the Cleveland, Ohio market. She has found herself a bank owned single family house listed for $37,100 in a neighborhood where comps are well over $100,000. James breaks down the renovation cost to determine if it's a viable BRRRR deal, wholesale deal or real estate flip.
Running the numbers on investment property is a very important skill that every successful real estate investor needs to master. In the 29th episode of The MLS Search & Analysis Show James Wise provides an analysis on an 8 unit apartment building in Cleveland, Ohio for his client David from France. The particular investment was presented to David by a French company that specializes in selling turnkey real estate to Foreign Nationals.
Cheap real estate is all over the Cleveland, Ohio real estate market. In the 28th episode of The MLS Search & Analysis Show James Wise searches the Cleveland MLS for his client Frank from Long Island, New York. Frank currently owns three rental properties near his home but is looking to expand into the Cleveland, Ohio market as the cash flow opportunity is greater in Cleveland than it is in Long Island. Frank has asked James to find him a duplex in a stable neighborhood that he can purchase with less than $25,000 out of pocket. Let's Dive In.
The BRRRR strategy is a very popular real estate acquisition tool for investors with a limited amount of money. If you are interested at seeing real life BRRRR deals with numbers included this video is for you. In the 27th episode of The MLS Search & Analysis Show James Wise searches the Cleveland, Ohio MLS for his clients Sean and Heekyung from Tacoma, Washington. Sean and Heekyung are looking to invest some money that they have refinanced out of a four plex in the Tacoma, Washington area into some cash flowing rental properties in the Cleveland, Ohio market. They are interested in BRRRR deals as well as any other properties that can deliver a passive income stream.
In the 26th episode of The MLS Search & Analysis Show James Wise analyzes a Lakewood duplex for his client John from California. This is an interesting investment property because it appears to be priced right & located in a highly popular area in the Cleveland real estate market. However it's been sitting on the market for an extended period of time. James dives into the data to do some due diligence on this rental property and figure out why the listing has gone stale.
In this episode of the MLS Search & Analysis show James searches the Cleveland MLS looking for an investment property for his client Alonzo from Atlanta, Georgia. Alonzo is looking to start building his investment portfolio so he can eventually leave the hospitality industry and get out of the rat race once and for all. While going over Alonzo's specific investment criteria James notices that it isn't achievable in this market so James makes some slight modifications and points Alonzo to an investment strategy that is even better than Alonzo's original plan of attack.
Not all BRRRR deals work out. Sometimes the property you want to use the BRRRR method on is a BRRRR strategy fail. In the 24th episode of the MLS Search & Analysis show James Wise breaks down the numbers on a Cleveland Heights, Ohio BRRRR deal for his client Rock, a CEO from Sacramento, California. In the show James explains why the opportunity cost is too high due to the extreme cost and inconvenience of the city's point of sale violation report. As this BRRRR is underwater it's a bad real estate investment.
Being out of state and buying high risk properties in the ghetto is how you will lose money in real estate. In the 23rd episode of the MLS Search & Analysis show James Wise cautions two new investors from going any further into this four plex. While quads are James' favorite investment property he thinks that this particular rental property is far too risky for his clients as they as the risk level associated with an asset like this one is incredibly high.
The Cleveland real estate market is very attractive to out of state investors due to it's low aquisition cost and high price to rent ratio. In the 22nd episode of the MLS Search & Analysis show James Wise searches the MLS for Arnold, an Investor based out of Salt Lake City, Utah who wanted to invest some funds in the Cleveland, Ohio market as he spent some time living in Akron, Ohio as a child. Arnold provided James with the goal of finding him a property that could bring in $300-$500 per month in NET cash-flow along with an average cash on cash return of at least 9%.
In the 21st episode of The MLS Search & Analysis Show Holton-Wise CEO James Wise checks in with his client Ken the airline pilot. Ken requested an analysis on a duplex in his rental portfolio in order to see what strategy would be best to maximize the return on his investment going forward. James goes over some strategy questions that Ken had about his investment including which renovations should be done in the vacant apartment, when renovations should be preformed in the occupied apartment, if it's feasible to add a 3rd rental apartment in the basement & whether or not it's possible to monetize the garage.
In the 20th episode of The MLS Search & Analysis Show Holton-Wise CEO James Wise is back doing another analysis for John from California. This time James is running the numbers on a fully renovated luxury triplex in the Gordon Square neighborhood of Cleveland, Ohio. James breaks down why he loves this A-Class neighborhood, the types of tenants that can be expected, what he likes about the renovations that the seller's did to this property, if anything can be done to increase the rents, why two forms of egress is such an important thing to add to your rental renovations, financing options and much much more.
Would you trade additional cash flow for a higher quality investment? In the 19th episode of The MLS Search & Analysis Show Holton-Wise CEO James Wise analyses a set of four Cleveland townhouses for an accredited investor from California. James breaks down why he loves this A-Class neighborhood, the types of tenants that can be expected, what renovations should be done to maximize the profitability of the building, financing options and much much more.
If done property the BRRRR Strategy can provide a real estate investor with an unlimited cash on cash return. In the 18th episode of The MLS Search & Analysis Show James Wise is running the numbers on a couple properties in the Cleveland, Ohio market for Virginia based real estate investors Chris & Kelly. Chris & Kelly are looking to BRRRR their way into a portfolio of 10 more more multi family's in the next 5-7 years. James explains why the 1st property they were considering is #JamesWiseDenied & then finds them another two properties from the Cleveland MLS that are #JamesWiseApproved beyond that Jame breaks down the numbers including the CAP rate, expenses, net operating income & why one of the properties has the potential to produce an unlimited cash on cash return.
Sometimes the best real estate deal is the one that you don't do. In the 17th episode of The MLS Search & Analysis Show James Wise analyzes a deal that a wholesaler presented to an investor who is based out of Australia. James Wise explains why he thinks this investment is overpriced in comparison to other investment opportunities in the Cleveland, Ohio market. James breaks down the risk factors of this investment, blight in the neighborhood it's located in as well as the MLS comps of properties in the immediate vicinity and similar opportunities in other areas of the Cleveland, Ohio market.
In this video Holton-Wise Co-Founder & CEO James Wise analyzes a potential flip property for one of his Australian clients who Invests in Cleveland Real Estate. This property was presented to James's client by a wholesaler who is claiming that the property can make over $87,000 if it's renovated & flipped. James breaks down the numbers, renovation budget, MLS comps & much more to determine how much (if any) money can be made on this deal.
Here at Holton-Wise we sell more Rental Real Estate than anyone else in the Cleveland market. However we are not the only people who are selling Rental Real Estate in the Cleveland market. There are over 5,000 other Realtors in this market. On top of that there are wholesalers, FSBO's, Turnkey Companies, Bank Tapes & much more. In the 15th episode of The MLS Search & Analysis Show James Wise runs the numbers for an out of state investor who found a Triplex listed on the MLS by a Residential Realtor. James' provides an in depth analysis as to the earning potential of this property including the Cap Rate, Cash on Cash Return, ARV & much much more.
Calculating numbers on a rental property doesn't have to be hard. In the 14th episode of The MLS Search & Analysis Show James Wise from Holton-Wise analyzes a property in Cleveland, Ohio for one of his clients who is new to the market. James breaks down his thoughts on the neighborhood, the comps, the BRRRR strategy & every single number involved in the deal. Including the CAP RATE, Cash on Cash Return, Renovation Costs & much much more.
If you have been looking for an intro to fixer upper rentals or BRRRR Real Estate Investing this is it. In the 13th episode of The MLS Search & Analysis Show professional Real Estate Broker, Investor & Property Manager James Wise from Holton-Wise analyzes a property in Euclid Ohio for some of his clients. In the video James breaks down the neighborhood, comps, the BRRRR strategy & how to reverse engineer needed repairs on a property with minimal information.
Investing in a new real estate market can be scary. You NEVER want to invest in a new real estate market if you don't understand it. Cleveland, Ohio is a very popular real estate market for rental property investors because of the low prices. In episode 12 of The MLS Search & Analysis Show professional real estate broker, investor & property manager James Wise from Holton-Wise provides two of his out of state investors with an analysis on a potential investment property that was listed on the MLS by another real estate brokerage in the Cleveland, Ohio area. James breaks down the pros & cons as well as the surrounding neighborhood and tenant base. Everything an investor needs to know to make an educated investment decision in Cleveland, Ohio is here. DO NOT invest in Cleveland until you've watched this show.
Do not invest in Cleveland, Ohio real estate until you watch this show. In episode 11 of The MLS Search & Analysis Show James Wise is analyzing a duplex for a couple out of state investors from Seattle, Washington. James Wise doesn't think that this property will work for them as they are hoping to do a BRRRR on the property. The problem is the numbers won't work as the property is overpriced as it's advertised as being in a high priced neighborhood. However it's actually in the ghetto in an area that is close to this nice neighborhood.
Have you considered investing in Cleveland, Ohio real estate? If so you'll want to check out this video. In the 10th episode of The MLS Search & Analysis Show Real Estate Broker, Investor & Property Manager James Wise from Holton-Wise analyzes a duplex that was listed on the MLS by a Realtor from Howard Hanna for one of his Out of State Investor clients. He provides them with insight into both the property and the Cleveland, Ohio real estate market.
In the 9th episode of The MLS Search & Analysis Show James Wise is looking at a property in one of Cleveland, Ohio's cheapest neighborhoods. During his analysis of the property James Wise recommends that his long distance investor pass on this property as it wouldn't be a good fit for their investment portfolio. James goes on to point out who would be a good fit to buy this property. He also breaks down the neighborhood and what properties would make more sense for his out of state client and others like him.
If you've ever wanted to buy rental properties in Cleveland, Ohio you'll want to watch the 8th episode of The MLS Search & Analysis Show. In this episode one of our team members discuss the numbers on an off market duplex in one of Cleveland's most stable suburbs, Parma, Ohio.
If you've ever wanted to buy rental properties in Cleveland, Ohio you'll want to watch the 7th episode of The MLS Search & Analysis Show. In this episode we send one of our team members out to a 22 unit apartment building in one of Cleveland, Ohio's most popular working class neighborhoods.
In the 6th episode of The MLS Search & Analysis Show professional real estate broker James Wise comes on HoltonWiseTV live to discuss a property he saw pop up on the MLS that would make a great investment for any out of state investor. Cleveland, Ohio is one of the most popular investment markets for rental properties. Investors from all over the US as well as foreign nationals come to Cleveland for the low barrier to entry and high cash on cash returns. Holton-Wise is able to assist them in top to bottom acquisition and management of their out of state rental portfolios.
In the 5th episode of The MLS Search & Analysis Show James Wise is searching the Cleveland, Ohio area MLS for properties that produce the highest cash flow. The property James targets in this video is in a C Class neighborhood and has a price to rent ratio that beats most properties in other markets across the United States. Because of these types of properties the Cleveland real estate market is one of the most popular real estate markets for real estate investors across the US.
In the 4th episode of The MLS Search & Analysis Show James Wise from Holton-Wise is driving for dollars in Shaker Heights, Ohio. Shaker Heights is a high end suburb of Cleveland, Ohio. During his drive James takes real estate investors on a tour of 3 duplexes that will all make great out of state rental property investments. He provides investors with a breakdown of the income & expenses as well as the estimated CAP rate & cash on cash returns these properties would likely achieve.
Have you thought about investing in Cleveland, Ohio? Cleveland, Ohio is very popular with out of state investors looking for cash flow. In the 3rd episode of The MLS Search & Analysis Show James Wise is searching the Cleveland, Ohio area MLS for Rental properties that would be great for out of state investors. James Wise can assist investors from all over the world in buying ANY listed property in the Cleveland, Ohio area. Today he has a 1989 build duplex in ultra hot Euclid, Ohio. This thing is an investors dream. 100% occupied bringing in $1,700 per month. Priced at $145,000.
In the 2nd episode of The MLS Search & Analysis Show James Wise from HoltonWise searches for Cleveland Rental property that is listed on the MLS. James Wise can assist investors from all over the world in buying ANY listed property in the Cleveland, Ohio area. Today he has found a near rent ready single family home in Euclid, Ohio that will rent out for $1,050 per month that's priced for only $54,900. Perfect for any out of state investor looking for passive cash flow.
In the first episode of The MLS Search & Analysis Show Real Estate Broker & Investor James Wise is driving for dollars in Cleveland, Ohio. He is searching the Cleveland area for profitable rental properties that would work great for out of state investors and those looking for passive income. From there Holton-Wise can handle the investment for out of state investors by offering top to bottom property management, construction & investment services.