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Expert Tips for Navigating the Real Estate Market

Our mission at The Michael Kaim Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

The IDEAL Way to Invest in Real Estate



The key to successful real estate investing is as simple as one word: IDEAL. Today, I’ll be explaining what IDEAL stands for, and how it can help you build wealth with real estate.

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Why does investing in real estate make sense in today’s market? First of all, I want you to know that I’ve been investing in real estate myself for the past 10 years. A decade ago, my father convinced me to get into the real estate investment game.

Way back then, he told me one word that has stuck with me ever since. This one word can basically describe all of the values involved in real estate investing. The word is “IDEAL.”

So, what does IDEAL stand for? Well, that’s exactly what I’ll be sharing with you today.

“I” stands for income. When investing in real estate, you can either make a single sum of income by selling, or you can rent out a property and earn continuously.
The second letter, “D,” stands for depreciation. But, what investment benefit could possibly be associated with depreciation? Actually, you can depreciate the value of the property by 5% a year as a tax write-off. If you have 20 investment properties that you paid $100,000 for, you could be saving thousands in taxes.

Next, “E” stands for equity. If you’re working with the right real estate agent when you buy these properties, you’re going to get great deals. You’ll likely be purchasing bank-owned properties, estate sales, short sales, and other inexpensive properties that will earn you a lot of equity.

By remembering this one simple word and taking it to heart, you can earn a lot of wealth from real estate.


The fourth letter is “A,” which stands for appreciation. In a good market like the one we’re seeing currently, you can expect a 3% to 5% appreciation rate each year. This means that the properties you’re purchasing now will be worth a lot more down the line. In 10 years, you’ll have a lot more equity because of this appreciation.


Finally, “L” stands for leverage. When you own a property, fixed it up, and are ready to rent it out, you can then go to the bank and request a cash-out refinance. Most of the time, the bank will then give you 70% or 75% loan-to-value, depending on the appraisal. If a property is worth $100,000, you could be earning $75,000 back. You can leverage these earnings back into more investments.


At the end of all of this, you’ll find you can achieve huge success. If you remember this one simple word and take it to heart, you can earn a lot of wealth from real estate.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

3 Tips for Selling Your Home This Fall



If you want to improve your odds at a successful home sale this fall, I have three tips to share with you.

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Fall is officially here, so here are three tips that will improve your home’s saleability during this season:

1. Enhance your curb appeal. Make sure you’ve cleaned all the leaves from your yard, your yard is cut, and you display pumpkins and mums on your front porch to give it a nice, inviting look.


As the weather gets colder, you want to make your home warm and inviting.


2. Go easy on the gore. Halloween is right around the corner, but you have to avoid the temptation of decorating your house blood, guts, and skeletons. You want your house to look inviting, and any potential turnoff to a buyer isn’t recommended. Stick with the safe decor.


3. Make your home inviting. As the weather gets colder, you want to make your home warm and inviting. Add plush throw blankets on the couches and chairs and other fall decorations to the furnishings. You can also set out vases with fall foliage in them or bowls with seasonal fruit. Lastly, add fall scents like cinnamon or pumpkin spice to create a more powerful connection with buyers.

If you have any questions about how to make your home more sellable during the fall, don’t hesitate to reach out to me. I’d love to help you.

4 Key Things to Remember Before Closing



There are four key things you need to remember before closing. Being prepared could be the difference between success and a broken deal.

Looking to buy a Home in Northeast Ohio? Search all Northeast Ohio homes for sale. Selling Your Home in Northeast Ohio? Use our home evaluation tool.

So you’ve made it to closing. The inspections and repairs are complete, insurance is ready to go, and all of the details seem to be taken care of. In actuality, though, there are four things you need to think about before closing.


First of all, remember to schedule and confirm your closing date and time. Closing can’t take place if you and the other people involved aren’t both aware of exactly when to meet and sign the final papers.


Make sure you allow for plenty of time for closing, as well. Don’t just use your lunch hour to sign the papers. If you don’t already have the day off, take a half or full day from work to give yourself some leeway. Things could come up and if they do, you wouldn’t want to have to rush.


Next, don’t forget to complete a final walkthrough. Even if a home was in perfect condition before, damage could have occurred since the last time you saw it. Schedule this walkthrough several days in advance and be prepared to negotiate if something is wrong.

Always come to the closing table completely prepared.


Third, remember to bring any and all documents with you to the closing table. Everything that you have, even if you think you won’t need them, should be brought along with you. Make sure you bring a certified check. You should always come to the closing table completely prepared.

Finally, you should always be aware of what could go wrong. A lender could pull out of the deal at the last minute. This could be for a number of reasons. Things like recent credit card debt or job loss could break the deal.

Being prepared and staying consistent until after closing is complete is critical to your success. Whether you are a buyer or seller, you need to know exactly what will be required from you at closing. Additionally, liens on the property will almost always be discovered, so make your title company aware well in advance.

If you have any questions about closing on a home or you're thinking about buying or selling a home, don't hesitate to reach out to us. We'd be happy to help you.