Should newbies buy real estate in the ghetto? In the 150th episode of The MLS Search & Analysis Show James Wise is doing due diligence on a triplex that was sent in by his client Jack. Jack is a new real estate investor who is interested in purchasing this triplex because it's been presented with favorable numbers, went through a recent renovation and it's close to a college town. However, Jack is aware that there are some very blighted neighborhoods surrounding this house and he wants to get James's opinion before closing the deal.
Are you new to Real Estate Investing? Do you need a new real estate investor game plan? Would you like someone to walk you through the steps to buy your 1st rental property? How about having someone who can create & implement a game plan so that you can buy your 1st 10 rental properties. In episode 149 of The MLS Search & Analysis Show James is working with a new investor to set him up with a realistic game plan to buy a portfolio of 10 properties in Cleveland, Ohio using the BRRRR strategy.
Buying houses wholesale is the process of buying houses under market value. If you are trying to make low ball offers and buy houses for wholesale prices you're going to want to look at days on the market. In episode 148 of The MLS Search & Analysis Show James Wise is discussing a low ball offer strategy with his clients Bob & Erika. Bob & Erika are seasoned real estate investors who'd like to buy as many properties as they can for well below fair market value. In order to accomplish this goal they are targeting distressed sellers who have had their houses sitting on the market without being sold for a very long time.
Building an out of state rental property portfolio. Episode 147 of The MLS Search & Analysis Show is all about growing a large rental property portfolio. Dave & Kale have been working with Holton-Wise to acquire a ton of doors at a rapid pace. They have been building their portfolio utilizing strong cash offers, the BRRRR strategy, Section 8 & a mix of turnkey rental properties.
Can you get appreciation & cash flow with a BRRRR deal? In the 146th episode of The MLS Search & Analysis Show James Wise is going over a single family home in Cleveland's Clark Fulton neighborhood. Even though this is a low income neighborhood James Wise really likes this area of Cleveland as he thinks it's ready to go through some major gentrification as Metro Health has committed to investing $1 Billion into the immediate area. In addition to the potential appreciation the neighborhood features high price to rent ratios that are perfect for Section 8 rental properties.
Cleveland real estate investors should you buy a BRRRR deal if you can't do proper due diligence? In the 145th episode of The MLS Search & Analysis Show James is running the numbers on a BRRRR deal for a new real estate investor named Thorsten. This Cleveland property is a banked owned property that comes with very specific due diligence & bidding restrictions. These restrictions will create a higher level of risk & variability than a normal real estate purchase would. Because of this James doesn't think that this BRRRR deal is the right investment for out of state real estate investor Thorsten.
Making offers on properties using the BRRRR Method is a lot like fishing. It's a numbers game. The more lines in the water, the better chance you have of catching a fish. During the 144th episode of The MLS Search & Analysis Show James Wise runs the numbers on a BRRRR deal for his clients Dave & Kale. This property is currently occupied with a tenant who's rent is way below market rate. The below market rate tenant is part of the reason James Wise likes this deal for Dave & Kale. Dave & Kale have been building their rental portfolio at a fast rate so James thinks it's a good idea to have some income coming in, in the short term while other BRRRR renovation projects are being completed.
In the 143rd episode of The MLS Search & Analysis Show James Wise is putting an investment action plan together for a new real estate investor named Derwin. Derwin is a new investor who got hooked on HoltonWiseTV shortly after he saw the Holton-Wise documentary on the Clayton Morris scam. Darwin has $10,000 to work with and is hoping to be able to turn that into his first BRRRR deal.
In the 142nd episode of The MLS Search & Analysis Show James Wise is doing the numbers on a 4 bedroom rental property for his client Alex. Alex is looking to acquire several 4-5 bedroom homes in the Cleveland, Ohio market & place Section 8 tenants in them. Alex is targeting 4-5 bedroom homes because he wants to attract tenants with the highest Section 8 voucher possible.
During the 141st episode of The MLS Search & Analysis Show James Wise is doing due diligence on a duplex for an out of state real estate investor named Kevin. This rental property hit the market a few days after Kevin & James ran the numbers on the neighbor's house. This rental appears to be a better investment than the neighbors house as it' has a higher market rent per unit as well as newer furnaces, roof & hot water tanks. However, with those added benefits comes increased competition. James Wise gives Kevin a detailed explanation about dealing with properties that have multi buyers interested in them.
In the 140th episode of The MLS Search & Analysis Show James Wise runs the numbers on two duplexes for his client Carey. Carey has been working with James to build a large rental portfolio in the Cleveland, Ohio market. Together, these duplexes come with a current occupancy of 75%. While not what many would consider fully turnkey, both of them require minimal up front repairs and are priced very well. In addition to providing an estimated return on investment breakdown of both of the properties, James spends some time talking about the turnkey experience in the Cleveland market. He touches on how many other turnkey vendors there are selling traditional turnkey houses in Cleveland, Ohio and what other types of sellers investors can expect to deal with while they are building their rental portfolios.
Buying rental properties in the ghetto can be an attractive option to real estate investors due to the low cost of the houses in the hood. However, there is a lot of risk that comes along with buying rental properties in dangerous neighborhoods. Is investing in the hood right for you? In the 139th episode of The MLS Search & Analysis Show James Wise is working with a new client named Kevin to analyze to multifamily properties. Kevin is a young guy who is just starting out in the real estate business. Kevin has a goal of acquiring 100 units over the next 10 years. Given his young age, Kevin has a very high risk tolerance as he doesn't plan on living off of the real estate cash flow anytime soon. The 1st property James does the numbers on is a quad that Kevin sent in for due diligence. James thinks that this property, even with Kevin's high risk tolerance is too risky and most importantly overpriced. The 2nd property is a duplex that James found that still carries some risk, but not as much & most importantly the risk is appropriately priced into the property.
Are mixed use buildings good investments? In the 138th episode of The MLS Search & Analysis Show James Wise is running the numbers on a 6 unit mixed use building in Cleveland Heights, Ohio that features a Hair Salon, Clothing Boutique & 4 residential apartments. His clients, D & S from California, were not originally looking at investing in a mixed use rental property. They were originally looking for apartment buildings with a minimum of 4 units. However, the situation with their 1031 exchange requires the property to be priced between $160,000 & $375,000. On top of that, D & S want the property to be in a C class or B class neighborhood. With a very limited inventory to work with James has to get creative to try to accomplish as many of their real estate goals as possible.
Is a Pizza Shop a good rental property investment? In the 137th episode of The MLS Search & Analysis Show James Wise has found a 4 unit mixed use building that features a Pizza Shop, a Barber Shop & a couple residential apartments for his clients D & S to consider investing in. D & S were not originally looking at investing in an investment property like this. They were originally looking for apartment buildings with a minimum of 4 units. However, the situation with their 1031 exchange requires the property to be priced between $160,000 & $375,000. On top of that, D & S want the property to be in a C class or B class neighborhood. With a very limited inventory to work with James has to get creative to try to accomplish as many of their real estate goals as possible.
In the 136th episode of The MLS Search & Analysis Show James Wise is going over the numbers on a partially occupied duplex in Cleveland, Ohio for his client Thorsten. He breaks down estimated rental income, vacancy expense, repair expense, maintenance expense, property tax expense, lawn care expense, renovation expense, CAP EX, insurance expense, leasing expense, Property Management expense & financing options along with the estimated CAP rate & cash on cash return. As this is the first time James & Thorsten have worked together James breaks down the process of working with Holton-Wise to build a rental property portfolio.
In episode 135 of The MLS Search & Analysis Show James Wise is reviewing the Point of Sale renovation report of a Maple Heights single family home for his clients Bob & Erika. Bob & Erika sent this deal to James for some additional due diligence as it appears to be a solid BRRRR deal at 1st glance. The issue is, James believes the property is overpriced by $20,000 & requires a low ball offer for the numbers to work. To further complicate things the seller is a bank. When dealing with a bank it's a long shot to get low ball offers accepted as the bank's asset manager in charge of fielding bids is typically held to a non negotiable bidding strategy that requires them to accept or decline offers based upon a pre determined list price reduction strategy.
In the 134th episode of The MLS Search & Analysis Show James Wise is looking at some turnkey properties for Kale & Dave. Kale & Dave have been aggressively building a large portfolio of rental properties in the Cleveland, Ohio market. A large majority of the properties Kale & Dave have been buying have been properties that need large renovations using the BRRRR method. With this show the plan of attack is to balance that out with some properties that are already rent ready so they can earn some rental income during the down time it's going to take to stabilize the rest of their recent property acquisitions.
Due Diligence is one of the most important aspects of real estate investing. In episode 133 of The MLS Search & Analysis Show James is doing due diligence on a 6 unit FSBO for his client Garret. Garret is an out of state investor who has put this 6 unit contract for $220,000. Before closing on the sale, Garret requested James to look over the deal. James breaks down the estimated numbers provided to Garret by the seller & makes adjustments based upon his expectations of average building performance. In addition, James discusses the neighborhood of Maple Heights, Ohio, comparable sales prices in the Cleveland market being higher than $220,000 and discusses the building layout in depth as he happens to own several 6 unit apartment buildings that are built very similar to this 6 unit apartment building.
Thinking about buying apartment buildings? Do you know how to buy apartment buildings? What about buying apartment buildings from a FSBO? In the 132nd episode of The MLS Search & Analysis Show James Wise is helping his client Chris perform due diligence on an 8 unit FSBO. The seller presented Chris with a well laid out Pro Forma which James goes through and makes changes to estimates that he feels are not as accurate as they could be. In addition, James provides Chris with a valuation of the property, a new estimated CAP rate & sets new expectations as to how to the financing will work on this apartment building as well as explains how real estate agents are paid in a FSBO situation.
How investors read the inspection report is very important. As an investor buying under valued real estate the way you review a home inspection report is different than how a traditional home buyer would read a home inspection report. In the 131st episode of The MLS Search & Analysis Show James Wise is looking for cash flow for his client Carey. 1st James provides due diligence on a renovated single family home that piqued Carey's interest. James Wise goes over the estimated income and expenses as well a thorough review of the 3rd party inspection report that was performed for a previous buyer who didn't close on the sale. Doing this review of the 3rd party inspection report James put the inspection citations in perspective as this is a 100 year old property that costs less than a SUV & many investors read inspection reports and fail to look at it with the proper perspective. Next James Wise goes over the numbers on a fully occupied duplex in the MetroHealth area of Cleveland, Ohio. The MetroHealth area is currently a high risk area but James thinks it's an area that's going to see a turn around in the coming years due to it's location as well as a $1 Billion investment.
If you've considered investing in out of state D Class rental properties using Section 8 this video is a much watch. In the 130th episode of The MLS Search & Analysis Show James Wise does the numbers on two properties in a D Class neighborhood in Cleveland, Ohio for his client Dr Joe. Joe, a Cleveland transplant has a goal of building a large rental portfolio in an appreciating area near where he practices medicine. This neighborhood is high on Joe & James's list as the price to rent ratio is off the charts. With D-Class neighborhoods comes an increased risk of eviction, non payment of rent & vacancy. James explains Property Management strategies that can be utilized to reduce these risks. In addition, the neighborhood is getting a $1 billion investment from MetroHealth so Dr Joe & James are banking on some future appreciation to go along with the cash flow.
In the 129th episode of The MLS Search & Analysis Show James Wise breaks down the income & expenses on two Cleveland area houses that would be perfect Section 8 rentals for his clients Kale & Dave. One of these houses has already been rehabbed & had a Section 8 tenant placed. The other is in need of renovation. Both have similar numbers, are located in a similar neighborhood and feature a similar tenant base. These similarities make for a great case study on buying a done for you property vs buying a BRRRR deal.
If you are interested in Cleveland real estate investing this one is for you. In episode 128 of The MLS Search & Analysis Show James Wise finds and analyzes two low risk cash flow rental properties for his client Mark. Mark is an investor based in Florida who's interested in growing his real estate portfolio with stable investments. Each of the properties is located in Cleveland Heights, Ohio. The 1st, is a fully occupied duplex. The second, is a vacant single family home. James provides a break down of the estimated income & expenses on each of the properties as well as unfiltered color commentary on the neighborhood, the Cleveland market, Section 8, home inspectors & the rental property industry.
Should you invest in commercial real estate or residential real estate? What are the differences between commercial real estate investing and residential real estate investing? In the 127th episode of The MLS Search & Analysis Show James Wise & his clients Kristina & Jim have made a shift in strategy from single family homes to larger multi family units. James talks about the differences Kristina & Jim will experience while looking at multi family units in the Cleveland market. Points discussed include varying property inventory levels, tenant base characteristics & the differences between commercial financing & residential financing.
In the 126th episode of The MLS Search & Analysis Show James Wise's client Mark is nearing the end of his career as a software engineer in California. Mark would like to acquire a few more rental properties in Ohio to provide him with cash flow during his upcoming retirement. James & Mark are both on the same page that it makes the most sense for them to target Ohio rental properties that are on low end of the risk spectrum, even if it means that these Ohio homes provide this out of state investor with a lower return on investment. If you are interested in investing in Ohio real estate HoltonWiseTV is for you. HoltonWiseTV is Ohio real estate investing made easy.
In the 125th episode of The MLS Search & Analysis Show James Wise has two BRRRR deals for Oil & Gas Engineers turned Real Estate Investors, Kale & Dave. James Wise discusses the partnership that Kale & Dave formed to scale their real estate business as quickly as possible and why it's an advantageous strategy that other investors should consider. He also breaks down the pros & cons of each of the properties along with touching on the importance of the Section 8 program when buying properties in this asset class.
In the 124th episode of The MLS Search & Analysis Show James Wise is comparing two Cleveland multi family properties for his client Carey. Carey sent one to James that appears to cashflow but James doesn't think it's the right deal for Carey. When buying investment properties in Cleveland, there are more things to consider then just cashflow. James breaks them down and provides Carey with a look at another property that he thinks will be a much better investment for him.
Real estate investing in Cleveland, Ohio is very popular for real estate investors all over the world as the price to rent ratio in the Cleveland market is much higher than many other locations. However, when investing in Cleveland, Ohio real estate investors are often unprepared or unwilling to deal with some of the point of sale inspections that are commonplace in the Cleveland, Ohio area. In the 123rd episode of The MLS Search & Analysis Show James Wise is on a mission to find Bob & Ericka two single family rentals in low risk neighborhoods. The goal is for each of the investments to bring in approximately $1,000 per month in rent while avoiding cities with Point of Sale inspections & staying under their acquisition & rehab budget of $70,000 per property.
In the 122nd episode of The MLS Search & Analysis Show James has found a BRRRR deal for his client TJ. This is the 10th property James has analyzed for TJ. Of the previous 9, some worked and some didn't. The BRRRR deal in today's show is located in Elyria, Ohio. James is hoping he & TJ can pick up this single family rental for a discount by taking advantage of the fact that the listing agent has put in minimal effort into the marketing of this property.
In the 121st episode of The MLS Search & Analysis Show James is working with a pair of Oil & Gas Engineers from Texas named Dave & Kale. James has previously done a deal with Dave which went well, thus Dave brought in Kale for the next round of investing. These two co-workers have teamed up to pool their resources together and build a large out of state rental portfolio in the Cleveland, Ohio market. The two investments James present today are both BRRRR deals with huge ROI's. BRRRR deals are a great way to grow a massive real estate portfolio as it allows the investor to stretch their funds as far as possible. This is one of the methods James used to build his own personal real estate portfolio.
In the 120th episode of The MLS Search & Analysis Show James Wise is searching the market for his client's Kristina & Jim. This husband & wife team came to the Cleveland, Ohio market looking for traditionally financed rental homes along with BRRRR deals. James performs an in depth analysis on two BRRRRR deals for them. The 1st BRRRRR deal is located on the westside of Cleveland, Ohio right down the street from a $1 Billion community investment by MetroHealth. The 2nd BRRRR deal is located in Elyria, Ohio. Each of these BRRRR deals will work best if Kristina & Jim opt into the Section 8 program after Holton-Wise completes the renovations.
In the 119th episode of The MLS Search & Analysis Show James is performing due diligence on a large side by side duplex in Cleveland Heights for his client Colton. Colton found this off market FSBO in Cleveland's east side suburb and entered into a pending purchase agreement with the Cleveland Heights home seller. Before closing the sale Colton wanted to get James Wise's take on the property to ensure he was correct about his Cleveland Heights market price, Cleveland Heights market rent assessment and quality of the Cleveland Heights neighborhood as well as the point of sale violations that are required by the city of Cleveland Heights. HoltonWiseTV is investing in Cleveland Heights made easy. If you are interested in buying rental properties in Cleveland Heights and / or would like full service property management in Cleveland Heights reach out to HoltonWise today.
This house is a dump! In episode 118 of The MLS Search & Analysis Show James Wise is working with Dr Joe. Dr Joe is an anesthesiologist who has recently moved to the Cleveland, Ohio area. He would like Holton-Wise to help him build a portfolio of distressed Section 8 rental properties in cash flow positive neighborhoods that are up & coming. Throughout the show James points out the pros & cons of each property as well as breaks down a negotiating strategy that would all Dr Joe to pick each property up for a bargain.
In the 117th episode of The MLS Search & Analysis Show an investor named TJ sends James two properties for due diligence before he considers making a move on either of them. The 1st one James rules out as a good investment due to it's short sale status, shared driveway, unknown renovation needs, unknown point of sale violation status and limited bedroom count compared to the rest of the neighborhood. As for the 2nd property, James thinks that it would actually work better as a flip instead of a long term rental or BRRRR as the neighborhood it's located in has prices that are driven by owner occupants as opposed to rental returns.
Making mistakes in real estate can be costly. In the 116th episode of The MLS Search & Analysis Show James Wise is doing due diligence on two properties sent to him by TJ from New Mexico. TJ recently completed a deal with Holton-Wise and he's looking for more. However James doesn't like either of these properties for TJ's portfolio. He considers both of these properties to be overpriced money pits ripe with issues including lead based paint, mold, frozen plumbing pipes, difficult sellers, limited disclosures, building department violations, high property taxes, and much needed renovations. Purchasing either of these properties would be a huge real estate investing mistake.
Buying house out of state for better cash flow is becoming a very popular real estate investment strategy. At Holton-Wise we help real estate investors invest in houses out of state all the time. In the 115th episode of The MLS Search & Analysis Show James Wise is going over two duplexes for an out of state investor named Carey. During the show James Wise runs the numbers on both rental properties. He goes over the estimated income as well as the estimated fixed and variable expenses.
Buying cheap real estate can be dangerous. Sometimes the most profitable deal you can do is no deal at all. In episode 114 of The MLS Search & Analysis Show James is doing due diligence on a fully renovated quad in Cleveland, Ohio for his client Tim. Tim is an investor from Baltimore, Maryland who's attracted to this property because of the all new fixtures and high price to rent ratio. However, Tim wanted to get James' take on the property before making a purchase as he is new to the Cleveland, Ohio real estate market. During the analysis, James discovers that this 4 unit apartment building is actually overpriced by $60,000 as location is the key to a successful real estate investment and this particular property is located in one of Cleveland, Ohio's most dangerous & blighted neighborhoods.
Buying wholesale real estate or buying turnkey real estate; which is better for cash flow? In the 113th episode of The MLS Search & Analysis Show James is working with an investor named Dave. Dave used to live in Parma, Ohio and has since relocated to Denver, Colorado for his job in the Oil & Gas Industry. As he's from the Cleveland, Ohio area Dave is looking to build his rental portfolio there. In addition Dave is working with a few buddies in Denver who'd like to pool their funds together to build a large portfolio should Dave's initial acquisitions go well.
In episode 112 of The MLS Search & Analysis Show James Wise is doing due diligence on two single family homes in the Cleveland, Ohio market for an out of state investor named Cowboy. Cowboy is a Police Officer living in New York City who's last dip into the real estate pool didn't work out as he ended up having his rental property foreclosed. James #1 goal is to put lower risk properties in front of Cowboy so that the second go around doesn't end up with a similar result. Both of these properties are single family homes in Lorain, Ohio that James would like to turn into Section 8 rentals. With many investors backing away from investing during the Coronavirus Pandemic, James feels he can get Cowboy a sizable discount on each of these homes.
As a real estate investor it's very important to understand A, B, and C class neighborhoods. In episode 111 of The MLS Search & Analysis Show long distance real estate investors Kyle & Jackie are looking for James to provide due diligence on two more rental properties. The 1st property James has for them is a duplex in the Kamms Corner neighborhood of Cleveland, Ohio. This is a B Class area that boasts high demand, popular nightlife and a high concentration of Cleveland Police and Fire workers. The 2nd property is a C Class duplex that's 20 streets to the east of the B Class duplex. James breaks down the neighborhood differences & lays out the type of performance expectations that Kyle & Jackie would likely experience with each.
Section 8 Housing for Landlords. During episode 110 of The MLS Search & Analysis Show James is working with a client named Carey. Carey is an investor from Nashville, Tennessee who was referred to Holton-Wise by one of his friends who's been investing with Holton-Wise in the Cleveland housing market for years. Carey has found a single family home that he'd like James to perform due diligence on. In addition, James has found a Section 8 rental on the Cleveland MLS that he thinks was improperly marketed. As such, he thinks Carey can swoop in and pick it up for a discount as many investors have not be made aware of the property's actual value.
You do not need to be rich to invest in real estate and this show proves it! In the 109th episode of The MLS Search & Analysis Show James is working with Brian, a blue collar construction laborer from New York City. Through smart money management Brian has been able to allocate $80,000 in cash to build his existing real estate portfolio. James has identified two BRRRR deals in the Cleveland, Ohio market that he thinks will make sense for Brian's rental portfolio even with the Coronavirus pandemic going on. In fact, James thinks that the COVID-19 pandemic may even have a positive effect on Brian's ability to score a good deal due to reduced investor competition.
Just because COVID is hurting other landlords, doesn't mean the Coronavirus has to hurt your rental property business. In the 108th episode of The MLS Search & Analysis Show James is working with a new client, Cole. Cole is a new real estate investor from Las Vegas, Nevada who has hired James to find & analyze 10 properties for his rental property portfolio. Cole has $250,000 in cash that he'd like to leverage with traditional financing so he can turn that into $1,000,000 worth of real estate. James starts things off with 2 low risk properties. The 1st, is a side by side duplex in Euclid, Ohio that Cole expressed interest in. The 2nd rental property is also in Euclid, Ohio. This investment is a single family home that James thinks will work perfectly for the beginning of Cole's portfolio as Euclid is anchored by a new Amazon fulfillment center which provides much needed job security to the local tenant base as Amazon is one of the few companies in the United States who are flourishing during the Coronavirus pandemic.
If you are wondering if buying real estate during COVID 19 is a good idea, you'll want to watch the 107th episode of The MLS Search & Analysis Show, as James Wise is doing the 1st of many videos for his new client Carey. James wants to help you and Carey pandemic proof your money. Carey is an IT executive from Nashville, Tennessee who was turned on to HoltonWiseTV from a friend who's been investing with Holton-Wise for a long time. Carey is looking to build a large portfolio of rentals for long term wealth. He'd like to start things off with low risk single family houses and slowly increase his aggressiveness as his portfolio grows. With this in mind James Wise found Carey a low risk single family house in Maple Heights, Ohio to go along with a thorough analysis on the low risk single family house in Euclid, Ohio that Carey researched himself on the MLS. These properties would both be smart investments as they are near employers who aren't affected negatively by COVID-19. Reducing risk is always important when investing in real estate. Especially during a pandemic.
If you've been looking for a real life BRRRR deal that includes actual numbers you're in luck. In the 106th episode of The MLS Search & Analysis Show James is looking at two properties with a new client named Baxter. Baxter is an investor from Tyler, Texas who has between $50,000 - $70,000 in cash to spend on cash flowing rental properties. James breaks down the estimated income & expenses on a quad in the Clarke Fulton neighborhood of Cleveland that both James & Baxter are very high on. In addition, Baxter would like James to provide some due diligence on a duplex in a C-Class neighborhood in Cleveland that Baxter's been discussing with the seller. If Baxter is able to buy the duplex for the price he's talking about he's be able to pull off one of the most successful BRRRR deals James has ever seen.
If you are a real estate investor living in China who has considered investing in US real estate HoltonWiseTV is here for you. In the 105th episode of The MLS Search & Analysis Show James Wise is working on the 9th & 10th property for his client Angus, a real estate investor from Hong Kong, China who is building a rental property portfolio in Ohio. Each of these single family rental properties are located in Cleveland, Ohio in a neighborhood that James Wise believes is going to see rising housing prices in the coming years. One is a pre renovation BRRRR strategy deal and the other is a post renovation Section 8 turnkey investment property. HoltonWise makes Chinese investment in US real estate easy. Subscribe to HoltonWiseTV today if you are in China and want a boots on the ground team to help you buy real estate in the United States.
Episode 104 of The MLS Search & Analysis Show features due diligence on two low risk rental homes in Maple Heights, Ohio for James Wise's clients Bob & Erika. Bob & Erika are seasoned investors from Phoenix Arizona, who are looking to expand their 28 unit rental portfolio. Their goal is to acquire 1-2 hassle free properties with the $100,000 they've put aside for this round of investment. James thinks the city of Maple Heights, Ohio will be a perfect area for them to target due to it's relatively low prices, favorable price to rent ration & moderately low risk tenant base.
In the 103rd episode of The MLS Search & Analysis Show James Wise is doing a deep educational dive on several investment property opportunities in the Cleveland, Ohio market for his client Angus. Angus is an investor from Hong Kong, China who's been working with James and the rest of the Holton-Wise team to invest $3 Million into rental properties, BRRRR deals and more in the Cleveland, Ohio area. During today's show, James points out some very serious red flags on some properties that Angus was interested in and as shows which properties have a high potential for upside down due to neighborhood redevelopment. In addition, James provides a realistic breakdown of how often investors are going to need to put in offers on deals that never materialize.
Foreign Investors investing in US Real Estate. Investing in US real estate from abroad is not as difficult as you may think. In the 102nd episode of The MLS Search & Analysis Show James is breaking down the income & expenses of a mixed use triplex that he thinks will work perfectly for his client Angus. Angus is a wealthy investor from Hong Kong, China who has hired James & the Holton-Wise team to assist him in investing $3 Million in the Cleveland, Ohio market. This property will align perfectly with the previous deals James & Angus have put together. In addition this show will provide other foreign investors with a transparent look at the United States real estate market and what they can expect as a foreign national investing in US rental real estate.
Bad Real Estate Investments. Real Estate Red Flags. In the 101st episode of The MLS Search & Analysis Show James points out some serious risks involved in a Cleveland area single family home that his clients Brent & Erin are interested in buying. Brent & Erin are interested in the house due to it's newer build date & close proximity to University Circle & Little Italy, however James sees some major red flags that they may have missed. In addition, James presents Brent & Erin with a duplex in one of Cleveland, Ohio's more stable neighborhoods that he thinks would make much more sense for their investment portfolio. He goes on to break down the estimated income & expenses of the duplex as well as explain the renovation and property management plan of attack.
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