What We Do
Rehab Experts
With approximately 50 million in transactions during the last 11 years, we are one of the foremost rehab experts in Cleveland, and the burbs. Having done thousands of reno/repairs, there is nothing we have not seen or cannot handle.
We are experts in dealing with CMHA, EDEN and all other govt programs. We are also very versed in dealing with the POS, Point of Sale, having closed 100s and 100s and 100s of them
We provide turnkey single- and multi-family rental properties with typically 10% - 15% net cap rates. based on cash purchase without the turn-key price.
All of our clients are from out of state and out of the country. We understand and value the trust our clients have place in us. therefore we must be very thorough with communication and photos of each property.
We Do Everything
We have spent a decade developing profound & honorable relationships in the Cleveland area real estate, property rehab & property management industries.
Extremely knowledgeable and proficient in personally navigating each sale from point of purchase, through the inspection process to securing tenants, and making sure everything goes smoothly . I have a dedicated staff to handle the complex world of investing in Cleveland, . It is all about he team around you.
Why Invest in Cleveland?
A recently released report by HouseCanary, a real estate industry data analytics firm, ranked Cleveland, OH as #1 out of The 50 Hottest and Coldest Markets For Rental Property Investment
Unbeknownst to most outsiders, Cleveland’s rebirth has been happening at street level for years...quickly luring America’s youngest and brightest away from Boston, Austin, and Silicon Valley. -Forbes
How it all started
I started out not know a darn thing. Literally got into RE while at a family BBQ about 15 years ago. My Cuz pulled up in a new SL 500. I said, Joe, I thought you were an x-Ray Tech. Well, he was, but he took action and got into RE. So that was my ah ha moment. Within my 1st month I flipped a contract for 19k, yes 19k my 1st month. At that moment I realized there is money in this. All I did was look at a property, run the comps, and got a reno budget, So nothing to intense. My next deal while I was just about to sign the contract on a house in Glenn Cove LI. a truck pulls up. The realtor says, may I help you? Nope says the driver with a lock and chain in is hand. I am here to lock it up, its going into foreclosure. I grabbed the contract and offered 100k less, and got it, Talk about timing. At that point I knew the universe was telling me, RE is my calling. Well, 500 deals later, (about 15 in LI the rest in Cleveland) there is nothing I have not done. Purchased from various sheriff auctions, short sales, wholesalers and just low balling. Thousands of reno/ repairs, 100s and 100s of move in and outs PM an more. Nothing I have not done.
11 years of Knowledge
Amazon opeaning TWO plants nearly 2 million sq ft
Brand new 1 mill sq ft. in the heart of everything , other Euclid Mall about 800k sq ft
http://realestate.cleveland.com/realestate-news/2017/09/amazon_confirms_plans_for_eucl.html
Forbes agrees .
Cleveland is the Best overall rental market in America 2 years in a row ranked by Forbes. Really the last 10 years, but they were not paying attention. https://www.forbes.com/sites/petertaylor/2016/10/27/why-cleveland-is-americas-hottest-city-right-now/#4751306f6488
Cleveland suburbs .
North Collinwood
N Collinwood, 5 ,6 years ago we were buying at 15- 20k , giving to clients at 25- 30k MAX, people told us we were nuts . Now the entire area known as The Waterloo district has had a huge positive transformation .
They city spent millions redoing the streets, and even put up a stage for outdoor concerts. There is now a sheik coffee shop, the coolest record store you have ever seen selling vintage products, and Beechland Tavern, packed 4 nights a week with bands from all over America .
We did about 30 props in this area. If anyone tells you not to buy in N Collinwood they have no clue what they are doing . Even S Collinwood in certain areas is making a comeback. New homes from the Community redevelopment bank .
Also N Collinwood boarders Bratenahl , Never have I seen where you can buy a house for 40k, and literally a PAR 5 away houses start at 400k and go to 10 mill, YES 10 mill. Its all on Lakeshore Blvd, 10 min from the city,
Cleveland Clinic, University Circle , Case Western University
10 years ago it was nothing, properties all around it were lets just say it looked like a war zone. I told EVERYONE to buy buy buy, they all laughed. WELL now you cant find a house that is falling apart. ALL gone all replaced with new homes and town homes. In the last 3 years the area has simply boomed like no other area I know of in America. NONE well 70% of this was not here 5 – 7 years ago, have a look. They are sill knocking things down and building like crazy.
Case Western. Top 100 in the country
Not Ivy league but very very good. , HIGH demand area for rentals, 5 years ago you could have bought anything you wanted, now good luck finding a deal.
We strive for excellance
With our " client first " mentality you can be rest assured you will be treated fair with pricing for repairs. With our combined 30 years' experience you will never feel just like a number.
7 must knows before making an offer.
First thing to do when you walk into a property that has been vacant. Turn on all faucets, flush all toilets and allow the water to run while you are walking the property. This will let you know if there are any plumbing leaks or any clogs in the sewer lines.
2nd look at the foundation very closely, look for any stress cracks and see if any moisture coming in.
3rd check out the HVAC systems. Turn the thermostat to 85 degrees make sure working properly. Do the same with the hot water tank.
4th look at all the cosmetic, painting, flooring, carpet,
5th look at all the outlets see if they need to be grounded, see if they are two prong or three prong. Check all GFI's. Check all lights, check electrical box. See if needs to be upgraded.
6TH Check all windows.
7th Roof look for lifting or sagging shingles