Controversy Over My Investment Strategy
Hi, there is ALOT of controversy when I discuss investing, and investing in low income neighborhoods at that. Its amazing how closed minded some people are, when there are many different ways to make a success out of real estate.
However, I actually like the fact that so many people have negative perceptions about the neighborhoods I go into. Want to know why? Because there is no competition and I can pick up great, sturdy, long lasting rental properties at extremely low, fire sale prices. So, as they hate on and compete with the herd with the available houses in the “nice” neighborhoods, I can breeze by without any competition on areas of town. Remember, you DONT want the group mentality following what you do: That’s how to lose money. You want everyone LOOKING THE OTHER WAY when you are making your deals.
9 Comments
Hi Lisa, I think you absolutely have the right approach. Running to the “perceived” fire while others are running away can be a great way to profit handsomely. I too believe it is all about screening and maintaining the rules when it comes to landlording in these, or any, areas. Slumlords are slumlords because they treat their tenants and properties that way. Keep up the good work….I am following. v/r Carl
I love this good talk. Some people think people with money are clean. I knoe different. I seen people with money to be just as bad as those with out.
Hi Lisa, I think you absolutely have the right approach. Running to the “perceived” fire while others are running away can be a great way to profit handsomely. I too believe it is all about proper screening and maintaining the rules when it comes to landlording in these, or any other areas. Slumlords are slumlords because they treat their tenants and properties that way. Keep up the good work….I am following. v/r Carl
Thank you Carl! Huntsville Alabama I heard has amazing deals right now, so you’re in a great spot. I’m glad you “get it” the strategy, because although its what most people can comfortable afford, they have a lot of fear. I just want to take that fear out of it, and leave calm, focus, and common sense.
Carl. EXACTLY! I dont have to say much. When people are running from that fire, THATS when you get the best deal, and with your own hardwork, you can take that burnt shell and make it into a home that not only can you put your mom in it, you can turn it into a nice profit. Sorry so late, but Im back to the vblogs, and I have A LOT of segmented info I want to pass on. Enjoy! 🙂
I am new at this and admire the way you set the rules and you follow them in a strict and conservative manner. I lost $60,000.00 to a supposed investor and lost my total savings thinking that there was no risk, after all are property investments, right?… wrong!!!… a wrong person can do the wrong thing… before investing with someone else… do your homework and form your own strategies to succeed in this market! thanks Lisa you are inspirational. Blanca
great job
I am there with you all the way. We started in 2010 and now have 80 doors
and use lots of debt. I love infinite returns.
Whats the best way to go about finding revitalization zones, if you don’t
mind me asking? Do you have a particular source or site you use? Thank you
🙂