Category Archives: Income Producing Homes

Turnkey Residential Home For Sale-Qualified Tenant Signed- 16.9% Net Return 3791 E 149th St Cleveland,Oh 44128

One of my coaching clients, recently completed this project and it now available for sale

Turnkey Real Estate Property Available Now

Price $42,567 – Cash

Newly renovated: new plumbing, finished basement , new kitchen floor, interior paint,
Very good tenant in place. Lease just signed
$800 per month rent collected.
Projected net rent collected after insurance, taxes and property management $600
Annualized cash on cash return – 16.9% projected
Property management in place
Buyer receives final inspection report so you know the exact condition of the property
100% turnkey – buyer is paid the net rent monthly

More Pictures Coming Soon!

Instantly appealing – newly renovated home featuring three bedrooms and one and a half baths. The kitchen has ceramic tile floors. The large patio can be accessed from the downstairs bedroom. The patio extends to the garage and includes a covered section off the garage. The large yard features a chain link fence including a gate for the drive way. The newer oversized two-car garage is a great place for hobbies or other work and includes a gas furnace, work benches & electricity.

3791 E 149th St, Cleveland, OH 44128
1174 sq ft
3 bedroom 1.5 bath
2 car garage
Click Here for Zillow listing

Referral Fee: $500

Steve Pohlit, Managing Partner
Ph 727-587-7871

Turnkey Residential Real Estate Investment – A Clear Picture As To Why This Is Exciting – Take Notice

turnkey residential real estate I thought about posting in the title “Turnkey Residential Real Estate Investment Simplified” Then I remembered all the time I have personally spent studying and working in this niche and concluded – wait a minute: this may be clear to me but it is likely that many people do not understand this model. It is my mission for you to understand this model as understand how valuable and exciting this program is for you.

Turnkey Residential Real Estate Program Defined

The key word is “Turnkey”. This means a property is purchased, renovated and rented to a qualified tenant. When rented with at least a one year lease to a qualified tenant that property is sold to buyer who then owns the property and collects the net rent.

The net rent is the basis for the important cash on cash return (see next section). The buyer does not have to worry about getting the tenant or replacing a tenant. The buyer does not have to worry about collecting the rent. The buyer does not have to worry about calls for repairs or maintenance. All of those details are handled by a professional property management company that follows very strict operational guidelines that we establish.

The Information On This Program Is Valuable for Investors and Funding Partners

Our Buy and Hold Turnkey Residential Real Estate Model For Investors

Our buy and hold model is for one person or fund who has $30,000 or more of cash in the bank or in an IRA that wants to earn a double digit cash on cash return secured by the property. This means you own the property. You are not sharing the ownership. You own it.

As an owner you will receive with our program on a $40,000 property  (example – actual numbers can be higher or lower depending on the property) a return on your money of at least $4,800 net per year and likely more depending on the deal. That is a 12% return and to be clear we are currently offering 15%.

The best value for investors is to fund the purchase of the home when we find it plus the renovation costs. This is  because our costs are lower and we pass the savings on to you. This means you have more equity and a higher cash rate of return as soon as the renovation is complete and the property rented.

The returns are not guaranteed. You will know our projection before you close on the deal and decide if the property is right for you.

Turnkey Real EstateBuy and Flip Turnkey Residential Real Estate Model for Funding Partners

This model is for funding partners. What that means is we partner with people and funds interested in funding the purchase, renovation, administration and holding costs – All In Costs) of a property that meets our buying, renovating and renting criteria.

When the property is done it is marketed and sold to an individual or fund that wants the double digit annualized cash on cash returns described above. Funding partners want their money moving and our program is perfect for them because of the high turnover rate.

Normally it is 60 days or less from the time we buy a property until the time we sell it. That is six turns a year. We currently are paying 10% for up to 60 days use of the money, secured by the property. That is a 60% annualized return on investment secured. The money is secured by a legal first lien on the property.

If you want more information on our funding partner program please see the contact information below.

Risks (Visit competing sites and see how many are open about the risks. You will fine none.)

Everything involving money has risk. If you leave your money in a bank, it loses value at today’s rates. If you invest in the stock market, precious metals and other market driven investments, the markets control the value – you don’t.  Real estate can also go up and down and value.  Your control is the timing of when you buy.

Right now we have many opportunities to buy properties at low prices so the downside risk is nominal and the upside potential is very positive.  With that, buying the right property in the right location for the right price takes skill. Even with that we never make the decision for you. You always have the final vote on whether to proceed or not.

Risks For A Turnkey Real Estate Buyer

For the buyer of a completed turnkey property the primary risk is that something major goes wrong in the first three years of ownership requiring an outlay of cash which reduces the annualized return on investment. We reduce the likelihood of this risk by the criteria we use in buying and renovating the property. We use an independent licensed inspector not part of the contractor team before we renovate and after we renovate. We know and the buyer knows the condition of all main structural areas of the property including : roof, heating, air conditioning, plumbing, electrical. Our goal is to only sell a property that will not require any major repairs for at least 3-5 years. Note the risk remains because of unforeseen circumstances.

The buyer also has the risk of changing market values.  Most remember the real estate bubble burst beginning about 2008.  We buy at distressed prices which reduce the risk of further declines. In fact many of our properties have 5-10% equity at the date they are bought because we are selling a below market value prices whenever possible.

The final most common area of risk is tenant care of the property and turnover.  We have a  very specific policy on qualifying tenants. This is has helped us find quality qualified people for your property.  It is true some people will need to  move but because our properties are very well liked by our tenants, they prefer to stay and they take care of the property.

Risks For The Funding Partner

All properties are inspected and we receive an inspection report from a licensed experienced property inspector. That supports our renovation cost estimate.  The risk remains that other required repairs are found after the property is purchased. Normally these are minor items.

Our funding partner formula include a contingency provision. However it is possible something unusual is discovered requiring additional funds to complete the renovation. The funding partner is protected because we pay interest on the amount funded.

The timeline from date of purchase to date of sale to the end buyer with a tenant in the property is estimated to be no longer than 60 days.  Our experience demonstrates closer to 40 days. However, that could be longer. We pay 10% of the total amount funded even if we are completed with the process in less than 60 days.  In the unlikely event a project goes beyond 60 days we pay an additional 2% per month.

There Are Risks! However With Our Turnkey Residential Real Estate Program Your Money Is Always Secured (First Security Interest ) by The Property.  This Is Done With Legal Documents That Must Be Filed With the State and Through a Licensed Title Company

A concluding comment

My firm has extensive experience with residential buy fix and flips. commercial multi-family buy and hold, new development and more. I have not seen the equity gain and cash on cash rate of returns like the ones currently available in the Turnkey Residential Real Estate Model.  Act fast if you like this as the opportunities will fade.

For more information or to reserve your spot for our next great Turnkey Residential Real Estate Property Contact Me Now

Steve Pohlit, Managing Partner
US Real Estate Partners, LP

Turnkey Real Estate Investments – How Well and Secured Is Your Money Working For You

turnkey residential real estateTurnkey Real Estate Investments

Turnkey real estate investments offer a tremendous opportunity to grow your passive income. We  purchase residential real estate at steep discounts, renovate the property, secure a lease with a carefully qualified tenant, all handled by a very qualified and professional property management company.  Then you cash the checks and watch your equity grow.

Join the growing group of people experiencing the benefits of  turnkey real estate investments as a primary source of passive income. You will immediately  benefit from our bargain purchasing power.  Our construction partners offer a renovated single family home along with experienced local property managers. This combination means  you have  instant equity as well as positive cash flow. Our cash on cash rate of return currently is higher than 14%.  Try to get that from having your money sitting in a bank.

We provide a “One Stop Shop” which saves you countless hours of research and due diligence. You will know the equity and cash flow that begins the day you buy the property.

Just some of the ways we bring value to you with this program:

-Researching which markets make the most investment sense

-Locating property where there is strong rental demand.

-Qualifying tenants and administering a lease at market rental rates.

– Not all companies offering turnkey real estate investments are alike.  With us you get a finished product with a tenant and you earn equity and cash flow starting with the day you close.

We pride ourselves in getting to know you personally and value meetings to help you fully understand how this works. We are happy to review all the details with your attorney. Bottom line you are buying a home that you own with a tenant who produces great cash flow with all details handled by a property management company.

Give us a call today to take advantage of our turnkey real estate investments.

Steve Pohlit. Managing Partner
US Real Estate Partners, LP
Ph 727-587-7871

Turnkey Residential Home For Sale – Available Now – High Cash on Cash Returns – 3791 E 149th St, Cleveland, OH 44128

Turnkey Real Estate Property Available Now

Instantly appealing – nice home featuring three bedrooms and one and a half baths. The kitchen has ceramic tile floors. The large patio can be accessed from the downstairs bedroom. The patio extends to the garage and includes a covered section off the garage. The large yard features a chain link fence including a gate for the drive way. The newer oversized two-car garage is a great place for hobbies or other work and includes a gas furnace, work benches & electricity.

3791 E 149th St, Cleveland, OH 44128
1174 sq ft
3 bedroom 1.5 bath
2 car garage
Click Here for Zillow listing

Three Ways To Make Money With This Property

First: Buy The Home


This will renovated for a qualified tenant and be rented early May 2014

You value increases by more than 13% or an estimated $5,000 of immediate equity. When the renovation is complete and a tenant is in place.

Cash on Cash return is estimated at 18% after consideration of insurance, taxes, property management and reserve for repair and maintenance. This is fantastic and may not be a typical return. Get this deal now.

Alternative Two: Fund the Purchase Price and Renovation

Amount $29,000
You are paid 10% for a 60% annualized return and possibly higher

Third Alternative for Making Money: Refer To Us A Buyer or Funding Source

Referral Fee: $500

Turnkey Income Producing Homes – Your Money Is Secured

What Better Place To Put Your Money To Work Than Real Estate?

  • Your money is secured by real property.
  • With our program your annual cash profit return on the money used to buy the home will be much better and more predictable than the stock market, commodities and most every other income producing opportunity?

Everyone Knows There Was A Real Estate Crash Beginning In 2006 and Continuing Through 2009. So Why Is This Program Good Now? 

That crash created this opportunity.  We are buying properties at distressed prices and not at inflated prices that were common in the 2-3 years prior to the housing crash. There is always a risk when you decide to put your money to work. However, with inflation continuing in the US and interest rates being paid by the banks near 0% leaving your money sit is costing you money.

Some like buying stocks, or funds that mirror the Dow, S&P or Nasdaq. In 2013 all had a good run. However if you look at the last 10 years the annual return was less than 6%. Then there is the nail biting factor – worrying about the next down cycle. You see your money is part of what is happening in the global markets – something you have no control over.

When you buy it right we think there is no better place for your money to earn money than real estate – the right real estate.  We are delighted to offer you our Turnkey Income Producing Home Program.  We hope you take a serious look.

What Is A Turnkey Income Producing  Home?

A turnkey income producing home is where the final buyer has an income producing property titled to them in exchange for the purchase price. The buyer of the property has clear title. The home has a tenant. A tenant is person or persons who qualifies by their income and deposit money to rent the property. Tenants for the turnkey income producing properties offered by this program sign leases for no less then one year and often two years.

Why Is This Program Named Turnkey?

The final buyer has almost no work to do.  We find the property, renovate the property, find a qualified tenant who moves in and pays rent. The rent is collected by a property manager and the final buyer receives a monthly income check.  You, the final buyer, are responsible for paying the taxes and insurance on an annual basis plus filing your tax return. All else is handled for you including the coordination of repairs and maintenance. You won’t ever have to worry about calls in the middle of the night with some water leak or other malfunction in the home.

All of our properties have gone through an extensive quality control evaluation and all necessary repairs and replacements have been made before the home is turned over to you. This reduces the risk of any significant repairs and maintenance in the first couple of years. All of our cash on cash return forecasts include a 10% of monthly rent provision for repairs and maintenance.  You have the option to set this money aside yourself or have us pay this money to an escrow account on your behalf whichever you prefer. We advise on the escrow account so the money is there when it is eventually will be needed.

What Is Cash on Cash Return?

This is best illustrated by an example.  If the purchase price of the house is $50,000 and your net rental income is $10,000, then your cash on cash return is 20%.

What Kind of Homes Are Purchased?

Most homes are moderately priced in neighborhoods where you find hard working people. In all cases, the areas are safe and in locations that are attractive to people who want to live in a home, but are not in a position to obtain the necessary mortgage for a home.

Are You Saying The Cash On Cash Return for This Program Is 20%

It can be that or very close to it, depending on which buying program you prefer. That brings us to the next section:

We Offer Two Programs For Buying Turnkey Income Producing Homes

Program A: Buyer Funded 

We offer the highest returns for this program since the final buyer is funding the purchase and cost of renovating the property.  When the buyer funds it we do not have to use our sources of capital and our costs are lower. We pass savings to the buyer in the form of higher return. 

The following are the steps in how this works:

A person tells us they want to be in this program and produces a proof of funds for amount of money they want to spend. The average price at this time is $50,000 with some properties lower and some higher.

The buyer confirms their intent to proceed by wire transferring a 5% deposit to the escrow account of the title company used in the process of purchasing the home.

We find a home that matches the buyers cash availability and fits our formula for achieving a near 20% cash on cash return for the buyer.

We advise the buyer we are in contract. At that point the remaining funds required are wired to the escrow agent.

We proceed to close on the purchase of the property.  Once closed, the renovations begin immediately and we proceed to find a qualified tenant for the home.

With the tenant in the home the process is concluded.  The buyer then coordinates with the property management company for the receipt of monthly rent checks.

Program A Variation: Buyer Obtains Financing and Funds The Deal

For this program, the buyer has  a 5% down payment for the deal and 20% or more down payment and qualifies with a bank for a mortgage on the property. In the $50,000 example the buyer deposits $2,500 with our escrow agent and present proof of bank qualification.  This is advantageous with today’s mortgage rates because the buyer can still net close to 15% with a mortgage on the property from their bank.  If you are interested in this program, get pre-qualified with your bank first.  You can also check with us as we are in the process of having several banks who will be friendly to this program.

Program B: Our Firm Funds the Deal

Many buyers prefer to close on a finished product. Our buyer funded program is new and to this point all of our deals have been ones where we have funded the purchase and renovation. As previously mentioned, when we fund the deal the return for the buyer while excellent, is less than the buyer funded option.


Is There A Referral Program?

Our referral program is very simple. If you refer a qualified buyer to us who closes a deal, you are paid a referral fee on the transaction. Generally our referral fee is 6% of the buyers purchase  price.

How Fast Can I Close And Be In A Deal?

Most of our properties are completed in less than thirty days of receipt of funds.

What Are The Next Steps?

1. This program is moving fast.  The best way to get in this program and get your money working now is to contact us for our escrow agent for accepting a refundable deposit. This gets you in line for the next deal. Of course you can be on our alert list for when we have a property that meets your criteria (we probably have one now!) So decide what price range of a home you want.  We have one property for $147,000. We have others for $60,000  $50,000 and  $40,000. Contact us for details based on the purchase price range that is a best fit for you and be prepared to proceed getting you money to work.

2. You can contact us at anytime with any questions you have. Contact Information

Steve Pohlit, Managing Partner
US Real Estate Partners
Phone: 727-587-7871

PS How Safe Is My Money?

Our success is based on your money being secured by the property at all times. If you fund the deal, the only money available to us is the agreed upon amount for renovating the property. Otherwise we never have access to your money. You deal directly with a licensed bonded title company.