Prosper Investments: A Recipe For Long-Term Success

Prosper Investments LLC is a full-service real estate investment firm based in Lakewood, Ohio. The company helps investors create passive income and wealth through the ownership of turnkey rental properties and resale opportunities in Cleveland, Ohio. Prosper Investments purchases and renovates properties, assists with the investor purchase process, and provides ongoing property management services, including leasing and sales. The company believes that real estate investing is a great way to diversify one's investment portfolio and create instant cash flow from day one.

Full-service real estate investment firm

Prosper Investments is a full-service real estate investment firm that helps investors create passive income and wealth through ownership of turnkey rental properties and resale opportunities. The company purchases and renovates properties, assists with the investor purchase process, and provides ongoing property management services, including leasing and sales.

Prosper's goal is to make buying into and selling in the housing market a simple and hassle-free experience for both homeowners and investors. The company offers personalized assistance and expert consultations to help clients develop unique solutions for their investment property management needs.

Prosper's staff are professional and empathetic, providing quick and courteous service. They also give clients tips to make the entire process easier and more lucrative.

Prosper believes that real estate investing is one of the best ways to diversify an investment portfolio and create instant cash flow from day one. The company's business philosophy is based on honest, ethical, and sound practices that benefit its clients. They treat their clients as friends and valuable partners, speaking genuinely and committing to their promises.

Prosper Cleveland, in particular, focuses on the stable, high-yield market of Cleveland, Ohio.

Passive income and wealth creation

Passive income is a regular cash flow that doesn't require much time or effort to maintain. This could include money from certain types of investments, rent from property you own, or revenue from side hustles that don't require ongoing work.

Passive Income Ideas:

• Peer-to-peer lending: As a lender, you can earn income via interest payments made on loans. Prosper.com is a website where individuals can request to borrow money or invest in personal loans.
• Dividend-yielding stocks: Shareholders in companies with dividend-yielding stocks receive regular payments. Dividends are paid per share of stock, so the more shares you own, the higher your payout.
• Real estate investment trusts (REITs): You can purchase REITs on the stock market and earn dividends. The best REITs have a record of increasing their dividend annually, so you could have a growing stream of dividends over time.
• Renting out property: One of the most common examples of passive income is buying property and renting it out. This typically requires a substantial down payment, and many real estate investors finance their properties with mortgages.
• Selling stock photography: If you love taking photos, you could sell your images as stock photography. Once you have a portfolio you're proud of, create an account on a stock photography website.
• Renting out useful household items: If you have tools, yard equipment, or other pricey or bulky household items, someone may be willing to pay to rent them for the day.

Wealth Creation:

Wealth creation refers to the process of building one's net worth over time. This can be achieved through a variety of means, including investing in the stock market, real estate, or other assets, starting a business, or increasing one's income through career advancement.

Tips for Building Wealth:

• Invest in the stock market: Consider investing in dividend-yielding stocks or mutual funds, which can provide a steady stream of income and the potential for capital appreciation.
• Buy and hold real estate: Real estate can be a great way to build wealth over time, as property values tend to increase over the long term.
• Start a business: Starting a successful business can be a great way to build wealth, as it can provide a steady stream of income and the potential for significant capital appreciation.
• Increase your income: Focus on advancing your career and increasing your income over time. This could involve taking on additional responsibilities, developing new skills, or switching jobs to secure a higher salary.
• Live below your means: To build wealth effectively, it's important to spend less than you earn and invest the difference. This may involve creating a budget and sticking to it, cutting back on unnecessary expenses, or finding ways to save money on your regular expenses.
• Invest in yourself: Invest in your education, develop new skills, and network with others in your industry. This can help you advance your career, increase your earning potential, and ultimately build your net worth.

Turnkey rental properties

Turnkey real estate investing is a proven way to build passive income and equity from appreciation. Turnkey properties are a great way to get started in real estate investing, allowing you to build a profitable portfolio over time.

Turnkey properties are an excellent option for those new to real estate investing. They are essentially rental-ready properties that require little to no work after buying. This means you can start earning rental income from day one, with minimal hassle and stress.

Turnkey properties are usually fully renovated and often come with a tenant already in place. This takes the guesswork out of real estate investing and helps minimise risk.

Benefits of Turnkey Properties

Turnkey properties offer numerous benefits, including:

• Steady income: Turnkey rentals provide a regular cash flow, which is a great way to build wealth over time.
• Low maintenance: With turnkey properties, you don't have to worry about renovations or finding tenants, as this is usually handled by property management companies.
• Hands-off approach: Turnkey investing is a passive form of real estate investing, meaning you can earn income without the stress and time commitment often associated with traditional rentals.
• Diversification: Turnkey properties allow you to invest in strong economic markets across the USA, helping to diversify your investment portfolio.

Choosing a Turnkey Property

When choosing a turnkey property, it's important to consider various factors to ensure a successful investment. These include:

• Location: Look for properties in stable and growing real estate markets.
• Property type: Consider whether you want to invest in single-family homes, duplexes, or apartment complexes. Each has its own advantages and disadvantages.
• Return on investment: Calculate the potential return on your investment by evaluating factors like rental income, operating expenses, and property value appreciation.
• Property management: Ensure you have a reliable property management company in place to handle the day-to-day operations of your rental.

At Prosper Investments, we are dedicated to helping investors at every skill level succeed in the world of real estate. We offer a range of services, including expert consultations, investment property management assistance, and ongoing support.

We specialise in the Cleveland, Ohio market, which offers a diverse community and ever-growing property values. Our goal is to make the process of investing in real estate simple and hassle-free, so you can focus on building your wealth.

With our years of experience and personalised approach, we can help you navigate the turnkey property market and make timely and secure investments. Whether you're a beginner or a veteran investor, we're here to help you prosper.

Resale opportunities in Cleveland, OH

Cleveland, OH, has a plethora of resale opportunities, from thrift stores to consignment shops and antique galleries. Here is a detailed guide to some of the best resale opportunities in the city:

Thrift Stores:

• Good Friends Thrift: This thrift store donates portions of its proceeds to no-kill pet shelters, so shopping here supports a good cause.
• Habitat for Humanity ReStore: With locations in Cleveland, North Randall, Amherst, and Akron, this thrift store chain offers discounted used and new goods, with proceeds going towards Habitat for Humanity's housing services.
• Common Threads: Located in Fairview Park, this thrift store sells a variety of donated goods, including board games, furniture, and clothes. What sets them apart are the crafters who give demonstrations on how to transform thrift store finds into trendy works of art.
• Sweet Lorain: This store offers a carefully curated range of vintage knick-knacks, clothing, and holiday decorations in an 8000-foot space.
• Cleveland Furniture Bank: While furniture is their main focus, this store also offers clothes, toys, and appliances at discounted prices.
• River Trading Co: Located in Rocky River, this shop offers a smaller selection of high-quality clothes, vintage jewellery, and knick-knacks.
• Ratsy's Store: For those seeking quirky and vintage finds, Ratsy's in Oberlin carries an eclectic mix of vintage and new products, including army jackets, acid-wash jeans, and funky socks.
• Thriftique: Located in Bedford Heights, this thrift store has been operating for over 80 years, relying on donations from all around Northeast Ohio.
• Village Discount Outlet: With locations in Cuyahoga Falls, Akron, Columbus, and Dayton, this thrift store chain also offers an online shopping experience, allowing customers to purchase used items from the comfort of their homes.

Consignment Shops:

• Cleveland Consignment Shoppe: Located in Beachwood, this shop offers a range of designer brands, including Louis Vuitton, Chanel, and Dolce & Gabbana, at discounted prices.
• The Designer Consignor: Found in Lakewood, this shop offers designer clothes and accessories at steep discounts, with brands like North Face, Coach, and Victoria's Secret.
• Lakewood Luxury Consignment: Specialising in high-end women's fashion, shoes, purses, and accessories, this luxury consignment shop serves the Cleveland area.
• Curve Appeal Fashion Boutique: This boutique caters to women's fashion needs, carrying sizes that are often hard to find elsewhere.
• Apple Core Consignment: Located in Rocky River, this consignment shop offers something for everyone at great prices.
• Second Home Salon: Despite the name, this is not a beauty salon but a home furnishings resale shop located on Larchmere Boulevard.
• Curvy Consignments and Big Dudes: With over 10,000 square feet of space, this is the largest all-plus-size consignment shop in the country, carrying women's sizes XL or larger and men's sizes 2X or larger.

Antique Galleries and Vintage Shops:

• South Hills Antique Gallery: This gallery offers a range of merchandise, including appliances, cabinets, doors, sofas, hardware, and kitchen items.
• Flower Child: Flower Child on Clifton Boulevard specialises in carefully collected vintage items, including glassware and furniture.
• Cache Resale Shop: Operated by volunteers from the Church of the Covenant, this resale shop is open on Tuesdays and Thursdays, offering clothing and merchandise donations from church members.
• This Way Out: Tucked in the basement of the Beachland Ballroom, this unique shop offers vintage clothes, concert posters, music, and trinkets that explore Cleveland's history.
• Chelsea's Vintage Clothing: With thousands of articles of clothing, Chelsea's offers a vast selection of vintage clothes and costumes.
• Avalon Exchange: With locations in Lakewood and Cleveland Heights, this clothing resale shop offers sellers the option of cash or in-store credit. They focus on hip and interesting styles, carrying many designer brands.
• The Salvage Yard Resale Shoppe: Dubbed the "best store on the Westside" by a reviewer, this shop offers a treasure trove of vintage and consignment finds.
• VNTG Home: VNTG Home is a design destination committed to saving beautiful things. They offer a range of consignment, auction, and real estate services, helping customers afford luxury and express their creativity.

Property management services

Prosper Investments is a full-service real estate investment firm that provides ongoing property management services. The company has a strong presence in various locations, including Wisconsin, Salt Lake City, Graham, Cleveland, and Jackson, Tennessee.

Prosper offers a comprehensive range of property management services, providing exceptional service and efficient management of properties. Their services are tailored to meet the needs of property owners, real estate investors, vendors, and residential tenants.

Flat-Rate Property Management Fee

Prosper charges a flat-rate property management fee, helping to keep rental properties profitable. They invest in web-based technology to ensure prompt responses to client requests. The company also limits the number of properties each employee manages, ensuring that all stakeholders receive dedicated professional attention.

Electronic Accounting Statements

Owners receive monthly electronic accounting statements, providing financial transparency. These statements include copies of all invoices paid during the previous month, keeping owners informed and in control of their finances.

Leasing Services

Prosper's professional leasing team optimizes the leasing process for property owners. Their leasing services include rental price analysis, high-quality photography, listing properties on local MLS, and promptly responding to potential applicant inquiries.

Quality Tenant Screening

Prosper conducts thorough screenings of prospective tenants at no cost to their clients. They screen tenants based on credit history, employment, rental history, and criminal background checks. This meticulous process ensures that only the best quality tenants are placed in the owner's property.

Maintenance and Repair

The company provides dependable and swift repair and maintenance services, responding quickly and effectively to maintenance requests. They understand the value of the property to the owners and, therefore, prioritize giving it the care and consideration it deserves.

Eviction Assistance

Prosper also assists clients with the challenging task of evicting tenants when necessary. Their skilled team is well-versed in the eviction process, providing professional support during uncomfortable situations.

Time Savings for Landlords

Prosper's property management services save valuable time for landlords and property owners. By delegating tasks such as maintenance requests, repairs, emergency calls, and property inspections, landlords can focus on portfolio growth and revenue expansion.

Connection to Vendors and Services

Prosper has established connections with vendors and services, making it easier for clients to find certified and available electricians, plumbers, handymen, or other contractors for specific repairs.

Prosper's property management services are designed to maximize profitability for their clients, providing peace of mind and allowing them to focus on their investment goals.

Frequently asked questions