Cleveland, OH
Hard Money Lenders
Jereme embarked on his appraisal journey as an eager apprentice back in the early 2000s, marking the beginning of a remarkable career in the real estate world. He attained his Residential License in 2003, and by 2007, he proudly achieved the status of a Certified Residential Appraiser. With an impressive 23 years of hands-on experience in the field, Jereme has become a seasoned expert in the appraisal industry.
Covering extensive ground throughout the northeast and northwest regions of Ohio, Jereme's expertise is widespread and multifaceted. Notably, he has excelled in performing "retrospective/investigative review appraisals," a task that demands a high level of skill and attention to detail, assisting clients in building their cases effectively.
Beyond his professional appraisal career, Jereme has delved into the world of real estate investment. He's personally invested in fix and flip properties and has owned rental properties in the past. This firsthand experience has granted him a unique perspective on the challenges and opportunities that property ownership and investment entail.
Intriguingly, Jereme's diverse skill set extends beyond the realm of appraisals. He has honed his knowledge in HVAC systems, having worked in the field concurrently with his appraisal career. His qualifications include an HVAC/R Technician Certification, an EPA 608 Refrigerant Universal License, and an NIULPE Low Pressure Boiler Operators Certification. Furthermore, he holds the ARI Certified Residential/Light Commercial designation.
Jereme's life journey has been marked by a myriad of experiences and roles prior to his career in real estate appraisal. These diverse experiences have molded him into a well-rounded individual, allowing him to connect and relate to a wide range of people.
Born and raised in the vibrant city of Cleveland, Ohio, Jereme currently resides in the picturesque community of Avon Lake. His personal life is equally fulfilling; he's been happily married for 14 years to a wonderful woman and is the proud father of 12-year-old fraternal twin girls. Family time is cherished, whether it involves enjoying the beauty of Lake Erie, exploring the metroparks on leisurely walks, or enthusiastically supporting his daughters at their soccer and softball games.
Jereme's passion for sports extends to his love for the Cleveland Guardians baseball team. He relishes the experience of going to the ballpark with his family to cheer on his favorite team. Additionally, he has a profound appreciation for vacations, whether they involve relaxation on the sandy beaches of Florida or the exploration of the scenic mountains in places like Asheville, North Carolina. Jereme is an avid lover of the outdoors and an enthusiast for memorable road trips.
In summary, Jereme is a dedicated and highly experienced real estate appraiser with a wealth of knowledge, complemented by a diverse skill set and a love for family, sports, and adventure. His passion for the industry and genuine interest in people make him a valuable asset in the real estate world.
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Cleveland, OH
Investing in Cleveland's real estate market unfolds a canvas of immense potential for astute investors seeking lucrative opportunities. Recent insights from October 2023 showcase a 3.1% downtrend in home prices compared to the previous year, establishing a median price of $110,000. Notably, homes are changing hands swiftly, now spending an average of merely 20 days on the market, a significant drop from the 35-day mark recorded a year ago. Moreover, October witnessed a 3.7% surge in home sales, totaling 389 compared to the previous year's 375.
Diving into migration patterns reveals intriguing dynamics. An overwhelming 80% of Cleveland homebuyers opted to stay within the metropolitan area, while 20% explored opportunities outside the city. Nationally, a modest 0.68% of homebuyers exhibited interest in relocating to Cleveland from outside metros, with top sources of interest stemming from Los Angeles, New York, and San Francisco.
Understanding the cost of living is pivotal for investors evaluating Cleveland. The city boasts a cost of living 6% below the national average, with housing expenses significantly undercutting the national average by 17%. Utility and transportation costs also remain below the national average by 2% and 6%, respectively.
Despite the recent price dip, Cleveland's real estate market presents a ripe opportunity for investors. The median home price of $110,000 and rental rates at $1,137 per month provide enticing entry points. The trend of homes selling faster suggests an active market with potential returns on investment.
In summary, despite the slight decrease in home prices, Cleveland beckons as an attractive prospect for real estate investors due to its affordability, accelerated property turnover, and lower cost of living compared to the national average. By harnessing insights into market trends and migration patterns, investors can strategically position themselves to harness the burgeoning opportunities within this evolving real estate landscape.
Benefits of Private and Hard Money Lending in Cleveland:
Speed and Accessibility: In Cleveland, Ohio, private and hard money lenders prioritize swift approval processes and rapid funding, crucial for seizing time-sensitive real estate opportunities in this vibrant market.
Tailored Loan Terms: Cleveland's private lenders excel in offering flexible loan terms. Borrowers have the freedom to negotiate interest rates, repayment schedules, and other specifics, crafting financing arrangements that precisely match their unique needs.
Collateral-Centric Approval: Hard money lenders in Cleveland prioritize property value and potential, enabling borrowers facing credit challenges or unconventional projects to secure financing based on collateral. This approach broadens accessibility for diverse borrower profiles.
Inclusive Borrowing: Cleveland's private and hard money lending caters to a broad spectrum of borrowers, ranging from real estate investors to small businesses and individuals with distinct financial requirements. This inclusivity makes these lending options versatile for various projects and scenarios.
Fueling Real Estate Ventures: Cleveland's thriving real estate market attracts investors seeking growth opportunities. Private and hard money lending serves as pivotal support, providing the essential capital for property acquisitions, renovations, and expansions.
Understanding Cleveland's Market Dynamics: Engaging in private and hard money lending in Cleveland involves comprehending local market intricacies and leveraging the advantages these financing options offer. Whether you're an investor in need of swift capital or have unique financial needs, exploring the accessibility and flexibility of these lending avenues strategically aligns with Cleveland's bustling real estate landscape. Collaborating with reputable local lenders and staying informed about market trends maximizes these advantages, driving successful and lucrative real estate ventures in Cleveland.
