All Forum Posts by: George Hoover

Thanks for the kind words @Don Petrasek !

@Nina Ricci please feel free to reach out.  I am also working with a house hacker in Lakewood on a duplex.  We have a contingent offer.  I'd be happy to help you.

HIGH YIELD turn-key rental available as an assignable contract.  Wholesaler is a licensed broker in Ohio.  Check out this great rental in the greater Cleveland area!

Yes it's only a 1 bedroom but at $800/month rent and the month-to-month tenant paying ALL utilities, the yield is fantastic - 23% cash-on-cash return.

This property is a short drive to both Amazon Fulfillment centers being built in Euclid & North Randall.

Here are more specs:

• Taxes: $2609/yr
• Newer roof on house and garage
• Newer electrical
• Newer hot water tank
• Newer furnace
• Newer windows
• 2 car garage in excellent condition
• No POS as property is occupied
• Seller is a contractor so he did the work professionally
• Tenant has been in place for a couple of years
• Cash only
• 3/4 full basement and crawl space

Let me know if you are interested and I will get you pictures and more details.

Thank you.

We have an assignable contract that you can purchase.  Wholesaler is a licensed real estate broker.

Nice TURN-KEY SFH in South Euclid (Cleveland, OH area). The current tenant has been occupying the home for close to 10 years and is paying $1000/month rent + gas and electric. Current owner pays $100/qtr towards water and sewer but the tenant pays the balance. The current lease runs through November 2018, so this is a really nice turn-key rental. Amazon is building 2 fulfillment centers within a short commute from here, so your value is likely to go up.

The mechanicals are in very good condition and should be fine for years to come.  The roof is less than 10 years old.

Property taxes are $1610/yr.

Please contact me ASAP if you are seriously interested. 

Thanks

Hello,

We have an assignable contract for sale in Cleveland Heights. Wholesaler is a licensed real estate broker.

This is very close to John Carroll University, Notre Dame College, Ursuline College and the upcoming Amazon fulfillment center. Comps in the area suggest an ARV of $200k-$250k. This very solid home with beautiful craftsmanship does need a lot of work though.

Let me know if you are seriously interested and I'll get you pictures and more details.

Thank you.

Correction:  the home has a crawl space not a slab.

Assignable contract for sale in Cleveland Heights.  Wholesaler is a licensed real estate broker.

Very close to John Carroll University, Notre Dame College, Ursuline College and the upcoming Amazon fulfillment center. Comps in the area suggest an ARV of $200k-$250k. This very solid home with beautiful craftsmanship does need a lot of work though.

Let me know if you are seriously interested and I'll get you pictures and more details.

Thank you.

Nice Turn-Key Vacant Rental coming available in early January

We are in the process of doing the necessary repairs to make this a turn-key investment. The basic house is very solid. The roof is less than 5 years old, the furnace is a 2009 install and working great, the A/C unit is a 2014 install and working great, the windows are all newer and in excellent condition. We are installing a new hot water tank, new faucets, light fixtures, painting the entire house and then installing all new appliances. It is on a slab, so no basement issues to worry about.  

When we finish it will be in excellent condition and beautiful so it will make a great turn-key rental property to own. Rental comps say it should rent for $1000-1100 per month and we could place a tenant for you. The best comparable sale is the house a few doors east on the other side of the street at 912 Dawnwood. It is almost identical and sold this summer for $100K.

Click here for pictures

Thanks @Thomas Glenn and @Cara Lonsdale for your input/feedback.  I have really liked Michael's approach and have learned a lot from his free and inexpensive info.  My next step is to purchase the SDA.  I have been considering his course where I believe it costs $995?  Is that the one you took?  

Thank

@Jamaal Hadley - These are all of the details I have.  What else were you looking for?  I will gladly try to provide it to you.

@Emerich Herbst - You should have been able to see the pictures from the link.  If not, let me know and I'll message you the link directly.

Nice TURN-KEY OFF-MARKET SFH for sale in the Cleveland, OH area (South Euclid). The current tenant has been occupying the home for close to 10 years and is paying $1000/month rent + gas and electric. Current owner pays $100/qtr towards water and sewer but the tenant pays the balance. The current lease runs through November 2018, so this is a really nice turn-key rental. Amazon is building 2 fulfillment centers within a short commute from here, so your value is likely to go up.

Please contact me ASAP if you are seriously interested.  Thanks

Click here for Photos