40K Flips



the september 2012

Millennium

ADDRESSING THE NEEDS OF MODERN INVESTORS IN NE OHIO, ENSURING A SUCCESSFUL, PROFITABLE FUTURE.

The Cost of Investing:

Understanding Hidden Fees

One  of  the  most  important  things  you  can  understand  is  where  your  money  is  going.  That  may  seem  obvious  at  first  because  you  have  already  selected  some  sort  of  investment  vehicle  -­‐  whether  precious  metals,  stocks,  bonds,  CDs,  IRAs  or  others.  But,  do  you  know  about  the  hidden  costs  that  are  taking  money  out  of  your  pocket,  regardless  of  how  your  investment  performs?  Knowing  the  fees  you’re  paying  is  criGcal  if  you  want  to  achieve  big  returns  and  build  long-­‐term  wealth.    I  want  to  spend  some  Gme  here  telling  you  about  the  fees  associated  with  some  of  the  most  common  investment  vehicles  and  show  you  how,  by  puHng  your  money  in  a  self-­‐directed  IRA,  you  have  greater  control  over  your  money.  Let’s  start  with  how  the  process  of  seHng  up  this  type  of  fund  works,  overall.

The  Process

What  is  the  specific  process  for  moving/raising  money?  There  is  a  3-­‐step  process  

(assuming  we  are  using  money  from  an  IRA):

1. Set  up  an  IRA  account  (with  Equity  Trust).  I  like  to  use  Equity  Trust  

()  Complete  the  simple  account  applicaGon  with  all  the  basics  

including  contact  informaGon,  beneficiary,  and  how  the  account  will  be  funded  

(other  funding  methods  –  transfer  or  rollover).  Transfer  –  from  exisGng  IRA  

account  to  an  IRA.  A  rollover  comes  from  an  employers’  plan  like  a  401k  (a  

qualified  plan,  an  employer-­‐sponsored  reGrement  program  from  a  for-­‐profit  

business)  or  203b  (reserved  for  not-­‐for-­‐profit  types  of  businesses  (schools,  

government  enGGes,  non-­‐profits).  Fees  will  also  be  covered  in  the  applicaGon  (I  

always  choose  to  deduct  from  transfer).  

2. Fund  the  account  through  a  transfer  or  rollover.  Equity  Trust  has  an  Account  

Transfer  Form  that  makes  it  simple.  Tip:  choose  the  Express  Transfer  opGon  (for  

an  addiGonal  $50)  to  speed  up  the  process.  Most  of  the  Gme  when  you’re  

transferring  money  into  an  Equity  Trust  IRA,  it  will  be  in  stocks,  bonds  or  mutual  

funds.  

3. Make  an  investment.

Josh Cantwell, founder and CEO of Millennium Capital Investments & Sharp Concepts Realty.

A LOOK INSIDE

UNDERSTANDING  HIDDEN  FEES………………………………………….1

REAL  WORLD  INVESTING………………...……..…...4

BUILD  WEALTH,  IMPROVE  COMMUNITIES……………............6

INDUSTRY  NEWS  &  UPDATES….7

HOT  INVESTMENT  OPPORTUNITIES…….…….…......10

...............................12

……….12

PREFERRED  PARTNERS………….15

Cont’d.  next  page

1

Hidden Fees Cont’d.

Fees  with  an  Equity  Trust  account

The  maintenance  fee  schedule  is  included  in  the  applicaGon.  The  fees  are  small,  ranging   from  $190  -­‐   $2,000,  depending  

on  the  size  of   the  IRA   account.  Most   custodians  (broker/dealers)   of   IRAs  charge  a  very  small  annual  fee  ($15),   so   these  

fees  will  seem  high  at  first.  The  reason  why  the  fee  is  small  in  the  grand  scheme  is,  the  other  fees  that  other  companies  

charge  includes  a  financial  advisor  who  will  be  paid  a  fee  to  sell  the  fund,  and  there  will  be  a  net  operaGng  expense  (for  

the  avg.  mutual  fund  is  1%).  So  an  IRA   with  $500K,  paying  1%   in  net  operaGng   expenses,  that  is  $5,000/year.  $5,000  to  

the   fund   manager   PLUS   financial   advisors   are   paid   a   commission   for   selling   a   product   (mutual   fund,   annuity,   stock,  

bond,  etc.).  The  commission  can  be  up  to  5%  (in  this  example,  $25,000).  So  in  the  first  year,  the  expenses  can  be  roughly  

$30,000.   At   Equity   Trust,   the   annual   fee   is   minor   compared   to   other   financial   advisors’   fees.   Saving   a   tremendous  

amount   of   money   by   self-­‐direcGng   the  IRA   vs.  leHng   someone  else  do   it   for   you.   There  are  small  addiGonal  fees,  but  

many  can  be  avoided  easily.  This  is  the  first  thing  you  need  to  learn  and  understand  –  what  the  other  guys  are  charging.

Fees  For  Other  Investments

American   Funds   is   one   of   the   largest   fund   families   in   the   world   with   thousands   of   mutual   funds   under   their  

management   (,   choose.   Fund   informaGon   –   All   Funds).   Ex.   Small   Cap   World   Fund   –   their  

management  fee  is  1.09%  per   year   to   manage  the   fund.   10%   gross  return   =   net  acer   expense   raGo  is   8.91%.  So   with  

$500,000   in   an   IRA,   you   get   a   10%   return,   but   actually   make   only   8.91%;   instead   of   $50,000   profit,   you   will   make  

$44,550  profit.

American  Funds  =  Small  Cap  World

Expense  RaGo  =  1.09%  -­‐  @10%  =  $50,000  profit  -­‐  @8.91%  =  $44,550  profit

A  Share*  commission  =  2%  (breakpoint)  =  $10,000    *see  page  8  for  an  explana:on  of  Share  Classes.

At   end   of   year,   say   earn   0%   interest,   will  lose  $10,000   in   commission,   then   fund   will   take   1.09%   in   management   fee  

($5,341)  =  $484,659  lec.  Fees  cost  $15,341.  Compare  to  Equity  Trust  –   fee  for  $500,000  account  is  $1,500.  Which  would  

you  rather  be  in?  

Rates   of   return   inside   the   stock   market   are   bad.   In   some   cases,   when   you   factor   in   the   fees,   returns   are   actually  

negaGve.

Growth  Fund  =  stock  

investment

Bond  funds  have  less  turnover,  so  lower  expense  raGo.

Stock   funds   will   have   an  expense  raGo  close  to  1%,  bonds  will  be  close  to  ½%.

Cont’d.  next  page

2

Hidden Fees Cont’d.

Fidelity  Investments  is  another  popular  one  (fi),  known  for  low  expenses  and  they  do  not  work  with  advisors/sales  reps.  They  have  “no  load”  (no  commission)  mutual  funds.  With  these,  you  are  paying  larger  expense  raGos  and  the  rate  of  return  is  very  low,  especially  when  you  compare  that  to  real  estate.  There  is  a  popular  saying,  “past  performance  is  not  an  indicator  of  future  growth,”  but  funds  are  sold  based  on  past  performance.  

AnnuiGes/Variable  AnnuiGes

AnnuiGes  or  variable  annuiGes  act  similar  to  a  mutual  fund  but  when  you  buy  the  annuity,  you  get  access  to  40  funds  

within  the  annuity  and  you  can  transfer  money  from  fund  to  fund  with  no  expense.  AnnuiGes  charge  3%  commission  up  

front  and  a  2%  expense  raGo  per  year.

So,  when  examining  different  invesGng  opGons,  look  first  at  any  fees.  Learn  about  some  of  the  funds  in  which  you  might  already  be  invesGng.  IRA  money,  for  the  most  part,  is  hands-­‐off,  “age  65  money,”  most  have  a  financial  advisor  who  has  sold  an  A  share,  collected  money  up  front  and  is  not  acGvely  managing  the  money  once  the  purchase  is  made.  In  most  cases,  you  are  dealing  with  financial  advisors  who  are  selling  a  product  and  earning  a  commission  on  that  sale.  The  commission  comes  out  of  your  pocket  and  profits.  If  you  are  invesGng  with  a  money  manager,  the  fee  comes  in  the  form  of  a  money  management  fee,  which  can  be  on  top  of  an  expense  raGo.

It  is  important  to  know  where  your  money  is  going.  You’ve  worked  hard  to  earn  your  money,  so  you  owe  it  to  yourself  to  know  what  is  going  in  and  out  of  your  investment.  Hidden  fees  can  end  up  cosGng  you  thousands  of  dollars,  if  you’re  not  aware.  With  real  estate,  we  can  buy  at  ultra  low  prices  so  we  can  pay  private  lenders  a  significant  rate  of  return  that  they  are  not  geHng  anywhere  else.  I  pay  12%  annual  interest  or  15%  of  profits  on  the  deal,  whichever  is  greater,  if  you  fund  an  enGre  deal.  If  not  funding  an  enGre  deal,  I  pay  the  12%.

When  you’re  ready  to  learn  how  you  can  earn  double-­‐digit  returns  on  your  money  with  no  hidden  or  buried  

fees,  call  me  at  216.233.5448.  Don’t  wait  to  get  started…  each  day  delay  is  taking  your  money  away.    

Disclosure:  This  is  not  a  public  offering.  This  is  not  an  offer  or  invitaTon  to  sell  or  a  solicitaTon  of  any  offer  to  purchase  any  securiTes  in  the  United  States  or  any  other  jurisdicTon.  Any  securiTes  may  only  be  offered  or  sold,  directly  or  indirectly,  in  the  state  or  states  in  which  they  have  been  registered  or  may  be  offered  under  an  appropriate  exempTon.

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FOCUS ON SHARP CONCEPTS REALTY – YELLOW JACKET – D.A.G. – MILLENNIUM CAPITAL. A LOOK INSIDE JOSH’S INVESTING BUSINESS: PROOF THIS STUFF WORKS!

Real  World  Investing:  

Smart Rehabs Bring HUGE Profit Potential

These  are  two  of  my  latest  rehab  projects.  I  purchased  both  with  my  brother,  Mark,  who  managed  the  rehab  of  both  houses.  

193  Heights  Dr.,  Northfield,  OH,  44067

We  purchased  this  house  for  $43,000  and  put  in  

another  $30,000  in  rehab  costs  for  a  total  of  $75,000.  

We’ll  list  the  house  for  somewhere  between  

$139,000-­‐$144,900,  and  probably  sell  it  for  $125,000-­‐

$128,000.  

That  will  leave  us  with  a  net  profit  of  somewhere  

around  $40,000-­‐$45,000.

As  with  our  other  rehabs,  we’ve  put  in  new  flooring,  

8973  Fairpark  Ave.,  Canal  Fulton,  OH,  44614

We  just  put  this  house  on  the  market  with  an  asking  price  

of  $149,900.

We’re  into  the  house  for  about  $70,000  with  rehab  and  

repair  costs.

We  have  roughly  $80,000  to  work  with,  so  acer  the  selling  price,  closing  costs  and  other  fees,  we  stand  to  collect  about  $60,000  in  profits.

We  followed  our  standard  rehab  formula  on  this  one,  with  

new  flooring,  paint,  Gle  and  laminate  flooring  and  doors.  

When  we  bought  this  one,  the  basement  was  flooded,  so  there  was  a  lot  of  work  to  do  in  the  basement  to  get  it  dry,  cleaned  and  ready  for  the  new  family.

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You  Need  To  Know...

Understanding Share

Classes and Commissions

In  order  to  educate  yourself  and  fully  understand  the  fees  associated  with  different  invesGng  opGons,  you  need  to  know  about  the  three  different  classificaGons  or  types  of  mutual  funds  and  stocks.  Each  class  carries  different  fees  and  expenses  that  are  charged  at  different  Gmes.  It  is  important  to  know  these  when  you’re  examining  your  personal  investments.    

• Class  A  Shares  include  an  up-­‐front  commission.  They  carry  different  sales  charges  with  breakpoints  

–  the  larger  the  investment,  the  lower  commission  

paid  to  the  salesman/financial  advisor.

• Class  B  Shares  do  not  charge  an  up  front  sales  commission,  but  have  conGngent  deferred  sales  charge.  If  you  sell  the  fund  and  redeem  it,  there  is  a  fee.  Also  have  a  higher  expense  raGo  and  a  back-­‐ end  commission.

• Class  C  Shares  have  a  conGngent  deferred  sales  charge  of  1%  with  the  highest  expense  raGo.  The  client  is  charged  more  each  year  to  manage  the  fund.  There  is  a  small  annual  commission.

• Instrument:  Real  estate  mortgage  and  

equity  partnerships.

• Investment:  65%  of  the  Acer  Repaired  

Value  of  the  property.

• Property:  All  purchase  in  the  Cleveland  

suburbs.

• Security:  1st  lien  registered  at  the  

Cuyahoga  or  Medina  County  courthouses.

• Interest  rate:  12%fixed  return  or  15%  of  

profit,  whichever  is  greater.

• Term:  Up  to  5  years.

• Income  stream:  Monthly,  quarterl

annual  interest  payment.

Sample  Millennium  

Investment  Scenario

Millennium  Capital  Investments  offers  investments  in  real  estate  mortgages  for  savings  and  re6rement  funds.  The  program  is  IRA  eligible.  

¬¬ Millennium  Capital  Investments,  LLC   designates  a  

property   with   a   cer:fied,   appraised   value   of  

$140,000.    

¬¬ Investor   makes  an  $80,000   investment   for   a  five-­‐

year   term,   which   is   60%   of   the   $140,000   Acer  

Repaired  Appraised  Value.    

¬¬ Investor   is   paid   12%   interest   per   year   on   the  

investment—in  this  case  $9,600  or  $800/month.    

¬¬ Investor   is   returned   his   original   investment   of  

$80,000   at   the   end   of   the  term,   plus  interest   at  

%12  ~OR~  15%  of  profit,  whichever  is  greater.  

¬¬ Investor’s   equity   partnership   bonus   is   15%   of  

profit.   The  property   is  re-­‐appraised  at   the  end  of  

the   term   and   shows   an   increase   in   value   from  

$80,000   to   $140,000   and   sold   through   Sharp  

Concepts   Realty.   AppreciaIon   bonus   is   15%   of  

the  property’s  appreciated  value,  15%  of  $40,000,  

($60,000   profit   minus   price   reducGons,   realtor  

commissions,   closing   costs,   concessions,   etc.)   for  

an  appreciaGon  bonus  of  $6,000.    

¬¬ ROI  Comparison  

o A)   12%   simple   interest   on   $80,000   for   6  

months  =  $4,800  ROI

o B)  15%   of   Profit   on   $40,000   =   $6,000   ROI  

=  15%  interest  

¬¬ Investor   ROI   =  (assuming  2   property  flips  per  

year)   In   a   1-­‐year   term   turned   their   original  

,000   investment   into   $89,6000   (@   12%  

rest),   ~OR~   15%   of   profits  @   a  projected  

  profit   per   property   x’s   2   properGes   per  

r   =   $12,000   returned   interest   =   15%  

ual  interest.  

5

Government

Subject Property:

7493 Ballash Road

Medina, OH 44256

3 bed, 3 bath

1,192 sq. ft.

Split-level, 2 acre lot

Selling price: $69,300

Check out to see what HUD

homes are available in any area.

• Last sold in January, 2000 for

$137,000

• Listed in 2010 for $169,900

• Rehab cost = $32,000 (mainly cosmetic repairs)

Buying   HUD  properGes  is  a  simple,  fast  way  to  make  consistent  profits   –   quickly   puHng   thousands   of   dollars   in   your   pocket  over   and   over  again.  What  is  a  HUD  property?   A   HUD  property  is  one  that   used  to  have  an  FHA   mortgage,  but  the  homeowner  was   in   default   and   was   foreclosed   on.   The   government   owns  the  home  (they  insured  the  mortgage),  so  the  seller  is  HUD.  

HUD’s   process   for   liquidaGng   their   inventory   of   foreclosed  homes  is  to  list   all  homes  at   or  below  bank-­‐owned  prices.   HUD  has  their  own  brokers  with  whom  they  list.  When  they  first  list  a  house,   it’s   only   available   to   owner   occupants   for   the   first   15  days,  not  to  investors.  Acer  15  days,  it’s  available  to  anyone.

 

There   are   disGnct   advantages  to   buying   HUD   homes.   All   HUD  

homes  get  winterized,   cleaned   out,   properly   secured,   checked  

regularly,   have   a  sign-­‐in   sheet,   and   have  their   own   lock   system  

with   mulGple   keys.   There   are   no   deed   restricGons.   Ocen   any  

major   repairs  have  been  done   already,  so   there  is   not   a   lot   of  

work  that  needs  to  be  done,  ocen  simple  cosmeGc  repairs.  

The   profit   potenGal   for   HUD   homes   is   higher   than   with   REOs  because   you   can   purchase   the   property   at   such   a   drasGc  discount.  

6

• Relist for $159,900

• HUGE profit potential!

Are you interested in investing in this property and realizing fast double-digit returns?

Call Josh today at 216.233.5448

Industry  News  &  Updates

Mortgage  Closing  Costs  Vary  By  State

Mortgage   closing   costs  can   vary   widely   by   state,   according   to   a  recent   survey   by   .  The   average   closing  

costs  on  a  mortgage  fell  by  7%  to  $3,754,  with  New  York  being  the  most  expensive  with  a  cost  of  nearly  $5,500.  On  the  

other  extreme  is   Missouri  at   $3,000.   InteresGngly,   Ohio  ranks  #11  on  the  list,   with   an  average  cost  of   nearly   $4,000.  

While  Ohio’s  costs   actually   fell   by   about  $200,   other   states  saw   sharper   declines,   pushing   Ohio   up  to   #11   from   last  

year’s  #18.  So  what’s  behind  the  decline?  A  combinaGon  decrease  in  Gtle  insurance  and  other  third  party  fees.  

Mortgage  Rates  Rise  For  First  Time  in  3  Months

While  mortgage  closing   costs  are  on   the  decline,   actual  mortgage  rates  are  on  the  increase.  For  the  first  Gme  in  over  

three   months,   the   rate  for   a  30-­‐year   fixed   rate   mortgage  rose   to   3.55%,   up   from   last   week’s   3.49%.   These   are  the  

lowest  rates  since  the  1950’s,  when   long-­‐term  mortgages  were  first  introduced.  These  historic  low  mortgage  rates  are  

a  big   factor  in  the  slow   stabilizaGon  of   the   housing   market.  Home  prices,   in  general,   are  on  the  rise,   and   builders  are  

beginning   to  see  an  increase  in  demand   for   new  homes.  The  low   rates  also   encourage  more  exisGng   homeowners  to  

refinance,   ulGmately   meaning   they   will   have   more   money   to   spend.   The   rise   in   mortgage   rates   came   from   a  

combinaGon   of   recent   news   of   Eurozone   debt   relief   and   “mixed   domesGc   indicators”   such   as   sluggish   employment  

news  and  slow  economic  acGvity.  

Foreclosure  Errors  Cost  Banks  $125,000…  or  $15,000…  or…

Late  last  year,   banking   regulators  set  out  to  put  a  price  on  foreclosure  errors  for  vicGmized  homeowners.  It’s  going   to  

cost   banks   $125,000.   Or   maybe   $15,000.   Or   perhaps   just   $500.   Prezy   clear,   huh?   How   is   the   actual   amount  

determined?   The   regulators   finally   released   their   “framework”   of   possible   outcomes   from   13   different   mortgage  

servicing  “errors.”  Each  of  the  13  errors  has  a  different  level  of  monetary  compensaGon.  So  homeowners  now  need  to  

know  specifically   how   the   mortgage  servicer   was   in  error,  and   also   when  in   the  process.   As  one  would   imagine   with  

such  a  cloudy  remedy,  the  response  has  been   less  than  enthusiasGc.   So   what   egregious  error  earns  the  top   $125,000  

payout?   One  of   three  circumstances:   acGve  duty  military  who  were  foreclosed  upon  while  under  the  protecGon  of  the  

Servicemembers  Civil   Relief   Act;   homeowners  who   ended  up   in   foreclosure  thanks   to   a   bank’s  error   and   those   who  

were  in  trial  modificaGons  when  the  bank  iniGated  foreclosure.  

Did  We  Bodom  Out  Last  Winter?

As   we   get  further   into   the   year,   evidence  is   cropping   up   that   suggests   the  housing   bust   hit  rock   bozom   last  winter.  

Recent  data  is  showing  a  definite  upswing.  For  the  4th   month  in  a  row,  the  price  of  single-­‐family  homes  rose.  Eighteen  

out  of  20  ciGes  recorded  index  gains  on  the  S&P/Case  Shiller  composite  index.  The  year-­‐over-­‐year  gap  in  housing  prices  

conGnues  to  shrink.  According   to  Case  Shiller,  it  appears  that  the  bozom  actually  hit  in  January  of  this  year.  Since  then,  

all  factors  are   poinGng   up.   There   are   four   more   factors  that   prove  the   turnaround:   “Housing   starts   hit   a  low   in   the  

fourth   quarter   of   2011;  residenGal  investment  has  added   to  gross  domesGc  product  growth   for   five  straight  quarters;  

the   FHFA   monthly   House   Price   Index   in   May   was  up   3.7   percent   from   a   year   earlier,   higher   than   inflaGon;   and   the  

pickup  in  house  prices  helped  lic  700,000  homeowners  above  water  during  the  first  quarter  of  2012  while  the  number  

of  underwater  homes  fell  from  12.1  million  properGes  at  the  end  of  2011  to  11.4  million  at  the  end  of  the  first  quarter,  

according  to  CoreLogic.”

Home  Prices  Up  For  First  Time  Since  2007

According   to   Zillow,   single-­‐family   home   prices  are   up   over   2%   from   the  first   quarter   of   this  year,   and   .2%   annually,  

showing   an  increase  for  the  first  Gme  in  five  years.  InteresGngly,  the  housing   recovery  seems  to  be  underway  despite  

sluggish  job  growth,  indicaGng  some  measure  of   organic  growth.  According  to  Zillow   Chief  Economist  Stan  Humphries,  

the   housing   recovery   will  conGnue  along,   but   will  be  very   slow.  Foreclosures  remain   a  big   risk   to  the  overall  housing  

industry.  Due  to  the  naGonal  foreclosure  sezlement,  the  number  of  foreclosures  is  expected  to  increase  naGonwide.  

7

Hot  Investment  Opportunities

16100   Aldersyde,   Cleveland   OH,   44120   -­‐   A  

steal  at  $366,600

This   beauGful   5   bedroom,   3½   bath   Shaker  Colonial  features   tons  of   architectural   details  such   as   4   fireplaces,   crown   molding   and  leaded   French   doors.   Back   yard   features   an  in-­‐ground   pool   with   a   built   in   grilling   are,  covered   paGo   and   privacy   fencing.   Master  suite,   media   room   on   second   floor.   Lower  level   laundry   with   oversized  table   for  folding  laundry.  This  is  a  must  see!  

1559  Edgefield,  Lyndhurst,   OH  44124  -­‐   Yours  

for  only  $147,500

Check  out  this  lovely  3  bedroom,  2  bath  home  

and  move  in  today.  Large  living  room  with  gas  

fireplace   and   large   picture   window.   Lots   of  

updates   throughout   including   kitchen,   roof,  

furnace,   electrical,   windows,   entry   door   and  

more.   BeauGfully   landscaped   front   and   rear  

yards.   Rear   shed  for   storage   in  the   back,   and  

a   1-­‐car,   heated   garage   with   opener.   This  

house  is  move-­‐in  ready,  so  pack  your  bags!  

Ready  to  buy  or  

sell  your  own  

house?

Call  us  TODAY  to  speak  with  an  Agent.

Sharp  Concepts  Realty

440.623.0531

8973   Fairpark   Ave.,   Canal   Fulton,   OH   44614   -­‐  Ready  for  you  at  $159,900

You’ve  heard  about  this  one,   now   you   can   make  it   your   next   home.   This   4   bedroom,   3   bath  Colonial   is   situated   in   beauGful   Canal   Fulton,  right   near   the   Portage   Lakes.   Newly   redone  inside,   ready   for   you   to   move   right  in   and   call  it  home.   Redesigned   large   kitchen   with   new  stainless   steel   appliances,   Gle   floor   and   tons   of  counter   space.   4   bedrooms   upstairs.   Huge  basement,  great  backyard  for  entertaining.  

2021  King  James   Unit  #217,  Westlake,  OH   44145  

-­‐  Easy  living  for  $49,500

Homeownership  without  the  hassle!  This  2  bed,  2  

bath   condo   is   perfect   if   you   don’t   want   the  

maintenance   of   a   yard,   but   want   a   beauGful  

surrounding.   Comes   with   in-­‐suite   laundry,  

balcony,  large  living   space     and  1  indoor   parking  

space   plus   extra   storage.   AmeniGes   include  

indoor  pool,  tennis  court,  workout  room,   lounge  

and   party   rooms.   Perfect   for   entertaining!   Call  

today  to  see  it  for  yourself.

8

Hot  Investment  Opportunities

2570   Edgewood,   Beachwood,   OH   44122   -­‐   Yours   for   only  

$155,000

This  lovely   4  bedroom,   3  bath   home  has  an   eat-­‐in   kitchen,  

separate   dining   room   and   den/sunroom   on   the   first   floor.  

SiHng   area   and   large   walk-­‐in   closet   off   the   second   floor  

large  bedroom.  Second  bedroom   perfect   for   a  home  office,  

too!   Fenced   in   yard,   finished   basement   make   this   a   great  

ear  

out  

steal  for  $119,000

Charming   3   bedroom,   2   bath   ranch   features   an  

open  floor  plan  and  hardwood  floors  throughout.  

Comes   with   all   appliances.   Large   basement   is  

parGally   finished   and   has   a   full   bathroom,   so  

perfect   for   living   and   storage.   Tons   of   storage,  

located   in   a   very   quiet   neighborhood.   Available  

for   lease   opGon.   Call   the   office   today   to   learn  

more  -­‐  this  one  won’t  last!  

6623  Monroe,  North  Ridgeville,   OH   44039  -­‐   A   bargain  

at  $130,000

You   have   to   check   out   this   lovely   3   bedroom,   3   bath  

home.   Located   in   a   very   quiet   neighborhood   on   a  low  

traffic  street.  Tons  of   natural  light,  dining  area  opens  to  

the   deck,   making   it   perfect   for   entertaining.   Huge  

fenced   in   back   yard,   parGally   finished   basement.  

Perfect  to  move  in  and  make  it  your  own,  so  don’t  wait!  

Call  today  to  see  it  for  yourself.

1955  Merrill,  Kent,  OH  44240  -­‐  Charm  for  only  $91,500

This  lovely  4  bedroom,  2  bath  home  is  ready   to  be  your  

new   home.   Lots   of   recent   updates   throughout,  

including   a   newer   furnace,   windows   and   kitchen  

cabinets.   Large  living   area,   and  an   oversized  garage  fits  

1   car   with   tons   of   space   for   storage.   Close   to   Brady  

Lake.  

Search the entire Northeast Ohio Market MLS for your next home at

Sharp Concepts Realty

440.623.0531

9 info@

Have  An  Old  401(k)?  Call  Millennium  Capital

All  too  ocen,  if   you  have  a  401(k)   or  some  other   sort  of   savings,  you’re  not  exactly  sure  what  to  do  with  it,  especially  if  it’s  one  you  have  hanging  around  from  an  old  employer.  Hopefully  you  haven’t  lec  it  behind,  at  least.  But  how  can  you  opGmize  your  money,  possibly   even   earning  double-­‐digit  returns?  There  are  several  opGons  available,  but  some  are  bezer   than  others.  I’ll  tell  you  what  some  of   your  opGons  are,  then  tell  you  one  soluGon  that  presents  the  best,  strongest  and  fastest  ROI  –  invesGng  in  real  estate.  

According   to   a   recent  survey   by   Fidelity,   almost   1/3   of   people  who  transiGoned  jobs   didn’t   know   what   to   do   with  their   old   employee   savings   plan   –   401(k).   That’s  a   startling   number,   especially   when   you   consider   that   the   401(k)  makes  up  a  significant  porGon  of   reGrement  savings  for   most  people.  There  are  generally  four  opGons  available,  but  I’ll  include  a  fich  that  I  think  is  the  best  choice.  

1. Keep   the   401(k)   in   the   old   employer’s   plan   –   Most   plans   will   let   you   keep   your   money   where   it   is,   and  someGmes  that  can  make  sense.  This  is  especially  true  if   your  balance  is  over  $5,000.  However,  it  will  just  sit  there.   Generally   you   can’t   take  a  loan   against  the  money   or   make   contribuGons  to   it.   There   will  be  fewer  investment   opGons   and   withdrawal   limitaGons.   You   may   have   to   pay   administraGve   fees   and   your  transacGons  will  be  limited.  

2. Roll  over   the  assets   into   an   IRA   –   Making   this   transiGon   allows  your   money   to  grow   tax   deferred  and   you  have  access  to   abundant  investment  opGons.   You   can   actually   develop   a  reGrement  income  strategy   where  you  get  a  regular  income.  Note  that,  acer  age  70  ½,  you’re  going   to  be  required  to  take  regular  distribuGons  from   an   IRA,   even   if   you’re   sGll   acGve   in   the   workforce.   If   you   choose   this  opGon,   request   a  “trustee-­‐to-­‐ trustee  rollover”  to  ensure  that  you  don’t  miss  any  deadlines  and  accrue  any  penalGes.

3. Consolidate   an   old  401(k)   into  one  with   your  new   employer  –   Before   you   do   this,   check   to   make   sure  the  new   employer’s  plan   accepts  rollovers.   You’ll   be   subject  to  following   the   rules  of   the  new   plan,  which  may  have   limited   investment   opGons.   You’ll   once   again   gain   all   the   benefits   and   security   of   having   a   401(k)  reGrement  plan.

4. Cash   out   –   Be  aware  that  if   you   do   decide   to   cash  out  your   401(k),   there   are  consequences  to   face   in  the  

form  of  income  tax  and  a  10%  early  withdrawal  penalty.  

5. Invest   with   Millennium   Capital  -­‐   We   pay   our   investors  double-­‐digit   returns   on   their   investments.   We   buy  

houses   at  substanGal   discounts,   renovate  them   and   resell   them   for   substanGal   profits.   We   borrow   money  

from   private   lenders  to  fund  our  deals  and  pay   double-­‐digit  interest   rates.  To   protect  everyone,  we  have  a  

formal   closing,   a   mortgage   and   note   recorded   in   public   record   and   then   quickly   resell   the   property.   We  

secure  Gtle  insurance  to  protect  all  parGes  involved.  Private  funds  allow  us  to  purchase  at  a  discount  without  

ever  having  to  rely  on  banks  or  mortgage  companies  for  funding.  

Some  of  the  benefits  of  this  strategy  include:

• Each  loan  is  secured  by  a  note  and  a  mortgage  held  in  escrow.

• Typically  need  $80,000-­‐$300,000  for  quick-­‐turn  loans.

• No  bundling,  pooling  or  combining  of  funds  or  loans.  One  lender  per  deal.

• Individual  ReGrement  Accounts  qualify,  including  Roth’s.

• Allows  you  to  self-­‐direct  your  investments.

• Broker/Dealer  sends  money  to  Gtle  agent’s  escrow  account.

• Title  agent  sends  all  money  back  to  3rd  Party  Administrator.

Because  of  our  relaGonship,  I  want  to  tell  you  about  what  we  do  at  Millennium  Capital  Investments  and  Sharp  Concepts  Realty.  In  turn,  you’ll  come  to  think  of  me  and  my  companies  as  your  trusted  resource.    

When  you’re  ready  to  start  realizing  bigger  returns  on  your  investments,  call  me  directly  at  216.233.5448.

10

Millennium  Capital  Preferred  Partners

SHARP CONCEPTS REALTY Sell Your Home Today… Fast! Phone: 440.623.0531

Info@

HARTFORD LENDING GROUP, LLC Mark Kubek, Branch Manager Phone: 330.869.6344

Cell: 216.509.7602 mkubek@

ALL STAR LAND TITLE Complete Title & Escrow Services Phone: 440.895.2400

THE STREETER LAW GROUP Foreclosure Defense & Loan Mod. Specialist Phone: 216.407.6644 streeterlaw@

EMERALD GLEN TITLE Complete Title & Escrow Services

Phone: 440.347.0340

Karen@

WELLS FARGO

Dave Nicolanti

Refi & HAMP 2.0 Refi

dnico21@

Phone: 216-288-0518



Contact Millennium Today

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jcantwell@

Ph:  216.233.5448

Fax:  440.888.7851

Millennium  Capital  Investments

6659  Pearl  Road,  Suite  #202

Parma  Heights,  OH  44130



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Sharp Concepts Realty:

6659  Pearl  Rd.,  Suite  202

Parma  Hts.,  Ohio  44130

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REAL ESTATE NEWS FROM

JOSH

CANTWELL

12

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doors,  carpeGng,  remodeled  the  kitchen  (remember,  

the  ceiling  collapsed  in  this  one!)  and  bathroom.  In  

the  basement  we  had  to  allocate  some  cost  for  mold  

remediaGon.

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$80 inte

y  or   $6k yea

ann

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Purchase price: $52,000

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Foreclosures Bring Big Profit Opportunity

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house   for   a   small   family.   Conveniently   located   n

shopping,  restaurants,  the  park  and  rec  center.  Check   it  

today!

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23080   Mildred,   North   Olmsted,   OH   44070   -­‐   A  

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