This Real Estate Investment Actually May Be A DEAL! | Everything Money

TL;DR

A comprehensive analysis of a real estate deal in Cleveland Heights, Ohio, including financial calculations and factors to consider.

Transcript

welcome to everything money channel i'm here with paul paul how are you my dear friend i'm wonderful we're here with andrew for the first time in months i know what is this money channel welcome to the money to everything money channel andrew uh for our new viewers and uh listeners andrew is our deal man how do we get new viewers and listeners by t... Read More

Key Insights

• 🏛️ The property consists of two buildings with a total of nine units, offering potential rental income.
• 🧑‍🎓 The location of the property in Cleveland Heights, Ohio, near Case Western Reserve University, can attract students as tenants.
• 🧑‍🏭 The real estate calculator helps evaluate the financial viability of the investment by considering factors such as rental income, expenses, and potential renovations.
• ☠️ The profitability of the investment can vary based on factors like purchase price, rental rates, and the level of renovations.
• 🪜 The option to add an additional unit in the basement can increase potential rental income and overall profitability.
• 📌 The property's location and market conditions could impact its value and potential for future appreciation.
• ☠️ The potential return on investment ranges from 4.7% to 31%, depending on various factors such as purchase price, rental rates, and expenses.

Questions & Answers

Q: What is the role of Andrew in the company?

Andrew is the deal specialist at Crossroads and brings potential real estate deals to the rest of the team for evaluation.

Q: What is the real estate calculator?

The real estate calculator is an in-house program used by the team to analyze the financials of real estate deals. It helps determine the internal rate of return (IRR) and assess whether a deal is worth pursuing.

Q: Are the units in the property currently rented out?

Yes, the units are currently rented out, with the average rent for the 2-bedroom apartments being around $900.

Q: What factors are considered in the financial analysis of the property?

Factors such as rental income, expenses (including taxes, insurance, maintenance, etc.), potential renovations, and market conditions are considered in the financial analysis.

Summary & Key Takeaways

• The hosts introduce Andrew, the deal specialist, who presents a property in Cleveland Heights.

• The property consists of two buildings with nine units in total, featuring 2-bedroom apartments.

• The hosts discuss rental income, expenses, potential renovations, and the overall profitability of the investment.