As we mentioned in our previous blog entry, we'll be looking at some more commercial properties in Cleveland in early January, so you can be sure you'll see future postings on some incredible opportunities. The time is now for you to start talking to us about getting into this incredible market and setting yourself up with a profitable portfolio of cash-flowing commercial real estate investments.
It only takes a few great properties with NOI's in the $100K range to set yourself up for early retirement. Can you imagine not having to do the 9 to 5 anymore? How about being able to manage your portfolio from anywhere in the world that you have an Internet connection and a cell phone? It can be done, and the market couldn't be any better to make it a reality for you.
For many people there are a lot fear factors preventing them from diving in and building that real estate investment portfolio. Maybe you don't know how to get started, how to structure your assets, cross-border tax issues, finding suitable properties at the right price and in the right area, acquisition issues, finding contractors, property managers, accountants, lawyers, city council idiosyncrasies, cross-border banking, insurance, utilities.. and the list goes on. Fear factor. It's real and it's why so many people will never take advantage of this opportunity.
That's where we come in. What would you say if someone could help you with all of these fear factors, and much more, and take you from setting up your corporate structure, finding the property, managing the rehab, to filling your new building with rent paying tenants? Would that interest you? What if all you really had to do was provide the equity to fund the set up of your corporate entities, purchase the property, and fund the rehab, then sit back and watch it all happen? Would that interest you? Majura Properties can do that for you.
So what are you waiting for?
I'm very pleased to annouce that the cleanup of our Cleveland buildings is well underway and should be completed in a couple of weeks. We're currently getting quotes from our electricians to get temporary power restored to the buildings, and our roofers to fix a couple of leaks. Efforts are also underway to acquire title on the buildings from the previous owner.
We'll be back in Cleveland in early January organizing quotes for the rehab work, and looking at other investment opportunities in the area. This is by no means the only opportunity in this area and we're looking for qualified investors who want in on some of these incredible deals. Our current project has an estimated rehab cost of $250,000 for a total project cost of ~$400,000, with a conservative NOI of $125,000 per year. That's a CAP rate of 31!
Drop us a line if you'd like to find out how you can benefit from our investment opportunities.Thanks and have a very Merry Christmas!