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Amarilis Rosado Realtor, Cleveland, OH (2026)

09/03/2024

🚨 Flipping Frenzy Alert!🚨

Everyone's talking about flipping houses these days, and it's starting to feel like a game of musical chairs. 🪑 But what happens when the music stops?

The market is swarming with investors all chasing the same goal: buy, flip, sell, repeat. But what if I told you there's a smarter, long-term strategy that could set you up for a comfortable retirement?

🔑 Value-Add Rental Properties🔑

Instead of jumping on the flip train, consider investing in properties that need a little TLC. By adding value to these homes, you can create a steady stream of rental income that keeps giving year after year. And when it’s time to retire, you’ll have a nest egg of well-maintained properties in your portfolio.

Why ride the rollercoaster when you can take the scenic route to financial freedom? 🛤️

And here's the best part: I offer Buyer Strategy Meetings where you and I work together to create a customized plan tailored to your specific interests and needs. 🏠 💪🏼

Give me a call 📞 216-533-9757

08/23/2024

Congratulations Nancy!! My buyer has successfully closed on her first investment property in the US!

If you’re looking to invest in real estate I’d love to hear about it. Give me a call so we can get you going 😊

08/02/2024

Another day, another training.

To become an expert at what you do, it takes a ton of research, a ton of networking, countless hours of education, and significant financial investment.

People often think realtors make too much money, but they don’t see the whole picture. They don't see the substantial investment we make in our education and professional development. They don't see the early mornings and late nights spent studying market trends, the weekends sacrificed for workshops, or the endless meetings and networking events.

Every dollar earned is a reflection of the dollars spent on courses, certifications, and training programs. Every successful deal is backed by countless hours of preparation, strategy, and effort.

Being a realtor isn't just a job; it's a commitment to excellence, continuous learning, and providing the best possible service to our clients. So, the next time you see a realtor closing a deal, remember the unseen dedication and hard work that got them there.

07/30/2024

I want to expand on my post from yesterday, this time targeting Tenant behavior and Property Management companies. If your goal is to become a landlord in the future, This is going to be a good read for you...

Understanding Tenant Behavior and Property Location:
When investing in rental properties, it’s crucial to recognize that not every property will generate a full year of consistent income. Tenant behavior, property location, and economic factors all play significant roles in occupancy rates and income stability.

Key Points to Consider:
Neighborhoods and Demographics: While some areas may not seem ideal at first glance, they can attract reliable tenants who value affordability and stability. Balancing the property’s location, condition, and the type of tenants it attracts is essential.

Appealing to Reliable Tenants: Properties that appeal to tenants with high credit scores and stable jobs need to meet certain standards. This includes everything from the layout and decor to the location and overall environment.

Tenant Screening and Property Management
Screening tenants is a critical part of maintaining a successful rental property. People with high credit scores and stable jobs have more options, so appealing to them requires properties that meet their expectations.

Effective Tenant Screening:
Credit Reports: Reviewing credit reports can provide insight into a tenant's financial responsibility and reliability.

Background Checks: Conducting thorough background checks helps in understanding a tenant’s rental history and potential risks.

Income Verification: Ensuring that tenants have a stable income that comfortably covers rent ensures timely payments and reduces the risk of default.

Long-Term Strategy and Property Management:
While managing a handful of properties personally can be cost-effective and provide more control, scaling up your portfolio may require professional management. Here are some considerations:

Self-Management:
Hands-On Control: Managing properties personally allows for direct oversight and decision-making.

Cost-Effective: Without management fees, self-management can be more economical, especially with a smaller portfolio.

Professional Property Management:
Efficiency: As the number of properties grows, professional management can increase efficiency and reduce the personal time investment required.

Expertise: Property management companies bring expertise in handling tenant issues, maintenance, and regulatory compliance, which can be invaluable as your portfolio expands.

The Bigger Picture
Investing in real estate is a complex equation involving many variables. It’s not just about the numbers but also about understanding people and their behaviors. A holistic approach that considers both the financial and human elements of property investment is essential.

Key Takeaways:
Continuous Learning: Staying informed about market trends, tenant behaviors, and property management best practices is crucial for long-term success.

Adaptation: Being flexible and willing to adapt strategies based on experiences and feedback is key to navigating the dynamic real estate landscape.

Let’s continue to share knowledge and grow together in this journey!

07/29/2024

🚀 Exciting Announcement! 🚀

I'm thrilled to share my 5-year plan with you all. Or should I say, my 35-year plan? As I turn 30 next month, I’m taking a big leap and purchasing my first duplex! 🎉🏠

Here’s the detailed breakdown of my plan:

The Next 5 Years:
Yearly Purchases: Every year, I will purchase one duplex until I turn 35. This means by age 35, I’ll have a portfolio of 5 duplexes, or possibly more.

Financing Strategy: Each duplex will be financed with a 30-year mortgage. My goal is for each unit to bring in around $900/month in rental income. This conservative estimate ensures that the mortgage payments will be covered by the rental income, essentially making the investment self-sustaining.

The Long-Term Vision:
Passive Income: By age 65, all the mortgages will be paid off, leaving me with 100% equity in the properties. If each of the 10 units (2 per duplex) continues to bring in $900/month, that’s a total of $9,000/month in passive income.

Property Management: At this point, I plan to hire a property management company to handle all aspects of the properties and tenants, ensuring a hassle-free retirement.

The Investment Details:
Property Updates: Throughout these 5 years, I’ll be investing in each unit to keep them in top shape. This includes updating electrical systems, plumbing, roofs, mechanicals, kitchens, bathrooms, and more. Maintaining and improving these properties is crucial to maximizing their value and rental income.

Discipline and Preparedness: This journey requires discipline. I need to manage my finances wisely and be prepared for unexpected expenses. But with careful planning and commitment, I’m confident it will be worth it.

The End Goal:
Equity Growth: Assuming each property holds a value of $200,000 in equity by the time the mortgage is paid off, I’ll have a total of 1 million dollars in equity! This substantial asset base will provide a strong foundation for a comfortable and secure retirement.

Join Me on This Journey:
I'm excited about this journey and the financial freedom it promises. If you’re interested in learning how to start your own real estate investment journey, contact me today! Let’s build a future of financial independence together. 💪🏡

07/26/2024

I am so excited for Keydi and her family! She has officially closed on her first investment property. And with the help and support of her husband who’s a contractor 🙌🏻🙌🏻 she is well on her way to building a solid portfolio! So freaking ecstatic for this hard working family, I can literally explode! 🙏🏼🙏🏼

All thanks to God!

07/26/2024

Good morning, today is key day 🔑 🙌🏻

07/25/2024

Your realtor isn't just someone who "opens doors." Here's a glimpse into the detailed work that goes into preparing for your home showings:

Once you send us your list, we dive deep into each listing one by one.

This includes:
• Property Taxes & Monthly Payments: We calculate these to ensure you stay within your budget.
• Property Disclosures: We scrutinize these documents to identify any major concerns that could affect your decision.
• Broker Remarks: We read these carefully to catch any details that might impact your needs and preferences.

We're committed to making sure you have all the information you need to make an informed decision. This means:

• Investigating the neighborhood and surrounding area for amenities and future developments.
• Checking the history of the property for any past issues or repairs.
• Comparing similar properties to ensure you're getting the best value.

We coordinate with sellers and other agents to schedule showings at times that work for you. This involves:

• Confirming availability of the properties.
• Planning efficient routes to maximize the number of homes we can visit in a single trip.
• Ensuring all necessary paperwork is ready for your review.

💡 Expert Advice & Guidance
Our goal is to make your home buying process as smooth and stress-free as possible. We provide:

• Insightful advice based on market trends and property conditions.
• Honest feedback on each property, highlighting both the positives and potential drawbacks.
• Support in negotiating offers to get you the best deal.

Choosing a home is a big decision, and we're here to support you every step of the way. By doing all this behind-the-scenes work, we make sure you're fully prepared and confident during your home search.

07/24/2024

🚨Homeowners 🚨

Did you get a paper like this in the mail? Here's what it means.

In Ohio, every three years, the county will assess the value of your home. Each county has a specific multiplier they use. They multiply the assessed value of your property by this multiplier to determine your new annual tax amount.

Keep in mind, the assessed value is not the actual market value of your home.

If the county overvalues your home, it could lead to higher property taxes. However, you can contest this to avoid any potential increase. If you receive a notice showing your home is undervalued, it's not worth disputing as it doesn't benefit you.

You can file an informal complaint about the assessment from July 1 to August 30. If you need to file a formal complaint, the timeframe is from January 1 to March 31.

For an accurate home value, feel free to contact me; I'm happy to help.

(216)533-9757

07/16/2024

Is real estate a good retirement plan? 👩🏻‍💻

The amount of money needed to retire comfortably in the U.S. can vary greatly depending on individual circumstances, lifestyle choices and location. However, several financial guidelines and studies can provide a general estimate.

80% Rule: 📊
Many financial advisors suggest aiming for 80% of your pre-retirement income to maintain your standard of living in retirement.

Fidelity investments suggests that you should aim to have 10 times your annual salary by age 67. 🧐

So how can real estate help you achive retirement?

Consider using the BRRRR method to build your portfolio. Focus on renovating and renting duplexes and single-family homes. The goal is to collect enough rent to cover the mortgage.

Mortgage Tips:

If you're 35 or older, consider a 15-year mortgage.
If you're younger than 35, a 30-year mortgage might be more suitable.

Let's do the math:

Suppose your average income is $50,000 per year. By the age of 67, you should aim for $500,000 in retirement savings.

Owning $500,000 in paid-off real estate assets can translate to 4-6 “doors” or 3-4 duplexes.

It’s really that simple. Are there some risk? Well yeah. You have to deal with tenants, maintenance, repairs and replacements. But your properties are your business and will set you up for a comfortable retirement.

If you’re ready, let’s connect. 🙃

(216)533-9757

07/12/2024

Do you really want to be working at 70 years old?

RETIREMENT!! Not enough people talk about retirement and how important it is to have a retirement plan so you're not stuck working at 70 years old.

Congratulations to my buyer who said, NO THANKS! We discovered that she was a good candidate for the BRRRR method and we got her under contract!

"What the hell are you talking about Lily?!"

Grab a seat here's the deal,

BRRRR is a strategy used by real estate investors to build a portfolio of rental properties without needing large amounts of upfront capital for each new investment. Building a real estate portfolio can be your retirement plan and the BRRRR method can help you accomplish this.

Purchase a distressed property, renovate it, rent it out, refinance it and repeat.

Here's the break down with a little more detail:

Buy: Purchase a distressed or undervalued property that has the potential for significant appreciation after renovations. This often involves looking for properties that need repairs or are in foreclosure.

Rehab: Renovate or rehabilitate the property to increase its value and make it suitable for renting. The goal is to bring the property up to a good, rentable condition while maximizing the increase in its value.

Rent: Once the property is rehabbed, rent it out to tenants. This provides a steady stream of income and demonstrates the property’s potential to generate cash flow, which is important for the refinancing step.

Refinance: Refinance the property to pull out the equity that was created through the rehab process. Ideally, the new loan amount should cover the original purchase price and the cost of the rehab, allowing the investor to recoup most or all of their initial investment.

Repeat: Use the funds obtained from refinancing to buy another property and repeat the process.

WAKE UP PEOPLE! The opportunities are out there. Allow me to assist you build wealth through real estate. Give me a call! (216)533-9757

02/29/2024

‼️APARTMENT COMPLEX WANTED ‼️

Desired counties:
Medina, Wayne, Cuyahoga, Summit, Erie, Huron, Erie & Huron.

🙅🏻‍♀️ no Cleveland 🙅🏻‍♀️ no Akron

Email me what you have - Motivated buyer
[email protected]

Amarilis Rosado Realtor

09/03/2024

08/23/2024

08/02/2024

07/30/2024

07/29/2024

07/26/2024

07/26/2024

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02/29/2024

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