0002 Property Finder: Qualifying Real Estate Investments Under 30K For Rental Income

This is the property finder segment, one of many. This is why and  how I use the internet to do my <a title=”AffordableREILeveraged Analysis Technique www.affordablerealestateinvestments.com” href=”https://www.affordablerealestateinvestments.com/leveraged-analysis-technique/?rel=author”>Leveraged Analysis Technique</a> of finding properties working class neighborhoods (WCNs) within any geography for rental property income. This search for real estate focuses on three Crucial Criteria  1) Searching the available Crime reports 2) Viewing the most Photos per MLS listing and 3) Noting average Rents for that address. I call this CPR for Crime, Photos, and Rents. This will hopefully take any fear of buying a rental property or solve the question of where to find a house.

The following post will be a a demonstration, using a screen capture, of what criteria I employ before even leaving the house, to find out if I want to invest in that property. So stay tuned! So much information is on the internet, I have used a method that take in the key most important factors that really determine a person’s perception and comfort level. This may seem like common sense, but it has come from 4 years of experience and I think is a valuable way of diagnosing an investment using sound techniques. Please use this as an investment guide that can start you on your way to success.

88 Comments

  1. eric washington-
    August 18, 2013 at 12:03 pm

    GREAT STUFF SHOW ME HOW FIND 30000 IN BRONX NY LOL!

  2. Joshua Dent-
    August 24, 2013 at 6:16 pm

    I been in real estate for a year..and I must say you are the real deal

  3. 32capris-
    August 25, 2013 at 9:56 pm

    You’re awesome! I’ve learned a lot from your videos these last few days,keep it up!

  4. Jidigga81-
    November 29, 2013 at 8:20 pm

    I love how you’ve grown in your videos! Good job!

  5. Thako Othiamba Davidson-
    December 20, 2013 at 9:46 pm

    After watching this video I’m learning a new mindset

    • December 23, 2013 at 1:42 pm

      Good. No one should keep working jobs they hate, when they can navigate their way through real estate investing to get there.

  6. Jelani Newton-
    January 9, 2014 at 6:18 pm

    Great find, my wife and I are looking to get started this year.

  7. counterproof-
    January 13, 2014 at 8:54 am

    I am in the DC metro area. My rental property is in South Carolina. What is
    the best local area to get started in? I heard the rental laws in DC are a
    nightmare. Is Baltimore, PG County or Southern VA a better option to start
    local?

  8. jnrbond28-
    January 16, 2014 at 12:11 pm

    Love it !! I’m starting from the very beginning. Watching all of your
    video. They are excellent.

  9. softandsubtle-
    January 17, 2014 at 9:20 pm

    I am so inspired. I believe your method in investing in real estate is
    very achievable. My goal this year will be to save for my first investment
    home. I’m currently a homeowner but will (as you stated) “work hard the
    next 4 years” to have an investment property per year. You’ve truly
    blessed me and I’m very proud to have received this information from a
    sister. Not many people give back, so I salute you for doing this kind
    gesture. I too, hope to be where you are and not worry about my job
    security or constant income. Thank you again!

  10. Douglas Brundin-
    February 3, 2014 at 4:46 am

    Great episode. I’ve had some success using zillow but I’ll try yahoo and
    realtor.com also to see if the search options are different. With zillow
    they tell you the sale price history which I think could be helpful in
    determining a starting offer price. It helps to know what the prior owner
    paid to get it vs what she’s asking now.

    • February 3, 2014 at 5:06 pm

      I am a big fan of the 20-50 mile radius searches, thats how I consistently used my Leveraged Analysis Technique for find these properties. Works like a charm each time, but there is nothing wrong with leveraging Zillow information to get the title history for better offers! Thanks Douglas – Because of you, I am looking to make an online forum for Sub30k talks. That way, we can share, advise, grown and help each other in this overlooked market! Oh, and cash flow!! Thanks, and if you don’t mind, I will be in touch with you!

  11. derreck taylor-
    February 5, 2014 at 2:48 am

    I’d like to say you are a blessing!!! Quick question, do you participate in
    Section 8 and if not, do u plan on doing so?

  12. Douglas Brundin-
    February 10, 2014 at 6:51 am

    This was a fantastic explanation of how to find quality investment
    properties. I’ve used the techniques and we are ready to begin making
    offers. Thanks Lisa!

  13. AffordableREI-
    February 10, 2014 at 11:54 am

    This was a fantastic explanation of how to find quality investment
    properties. I’ve used the techniques and we are ready to begin making
    offers. Thanks Lisa!

  14. Ian-
    February 16, 2014 at 6:55 pm

    Great videos Lisa, very helpful. Definitely adds to the analysis I had already come up with and will be infinitely helpful for me staying in the right neighborhoods in my new market of Richmond as I am just down the street from you! Thanks for taking all the time to put these free videos together, you are definitely a worker!!

  15. Iranola Akinrolabu-
    March 5, 2014 at 6:32 pm

    Hi Dawn. Love the videos. Do u hold one on ones over the phone or via
    email. Super excited about getting into real estate and i love the fact
    taht you look for 30k properties. It makes so much sense as i was telling
    my wife the same thing. Is email good for u as we need to speak to u so u
    can better understand our situation so u can better guide us. Thanks
    Jason

    • March 23, 2014 at 8:51 pm

      Yes, go ahead and send an email!! Thanks, and take care

  16. Russell Kingdom Investments-
    March 18, 2014 at 8:40 pm

    I’ve truly enjoyed your videos and you’re doing an excellent job explanating your approach to finding affordable
    properties. I’ve recently used your techniques to analyze a foreclosed property I was looking at purchasing.

    I look forward hearing more and engaging you in some one on one dialogue.

  17. isreal price-
    March 31, 2014 at 1:41 pm

    As a real estate agent the only difference between you and I (or any non
    agent) is my access to information, forms, contracts, protection, and
    licensing to perform any duties related . YOU DONT NEED AN AGENT. Its a
    great ideal to have one, but if you already have capital, contacts
    (contractors,banks,inspectors,appraisers,lawyers etc) thats all that is
    needed, and as you are doing,you can be successful when making
    investments.The biggest thing I do as an agent is provide information and
    contacts. I think you should do a video on the +’s and -‘s of using or not
    using an agent

  18. Alex-
    April 1, 2014 at 10:57 pm

    very good comments. I checked things out in my own city which is a very expensive city and suprirsed to find houses for $60k and in Newark for $77k for a 2 family. I never knew these numbers even existed prior to listening.

    • April 2, 2014 at 4:29 am

      Yes, I was quite surprised no one was jumping on them, they are so affordable, and not all of them are in a bad neighborhood. You can easily check online, its the reason I started this vlog: Give everyone a fair chance at learning exactly how to take advantage of the opportunities. Just be cautious in NJ, some neighborhoods are dicier than others.

  19. Maige Matthews-
    April 16, 2014 at 6:45 pm

    Hey Lisa, this was some great “layman-term” How-to tools you’ve provided
    here! Thank you so much! Now I can really hit the ground running.

  20. April 23, 2014 at 5:18 am

    This is awesome material. My office is about 20 minutes from Baltimore City and I’ve seen a TON of houses up there working with a couple clients from the city.

    My issue was figuring out financing for my own investment ambitions so I’m excited to have come across this site.

    I am a licensed real estate agent so I have access to the MLS, comps, as well as property access which is an added benefit for me.

    I look forward to learning more and plan to purchase my first rental property within the next several months using the techniques here.

    • April 30, 2014 at 11:58 am

      Thank you Justin! And once you have, PLEASE come back and send me an email. Its always great to hear about other investor’s experiences.

  21. jaicetta pullings-
    June 1, 2014 at 6:10 pm

    im loving it im ready to get started… Question is it a such thing as no
    money down investing

  22. noody2081-
    June 19, 2014 at 7:17 pm

    This was very informative. Thanks. I am a wholesaler in Texas but I dont
    buy in bulk. I am very interested in getting some rental properties in my
    portfolio. I really just wanted to say thanks and please continue.

  23. FreddyPaperview-
    June 29, 2014 at 7:52 am

    Invaluable information, thanks you Lisa! What made you decide to be strict
    at 30k? ..So if you see a great property at 40k will you pass it by?

  24. jjonesitt-
    July 26, 2014 at 2:14 am

    Your A1.info and attitude

  25. Megan Pamplona-
    August 11, 2014 at 5:06 pm

    Is there such a thing as houses under $30k in southern California?
    Everything that I have seen so far in that price range is a mobile home.

  26. Lisa Lavie-
    August 19, 2014 at 11:22 am

    Great Video!!! 😀 A lot of useful information…. These properties that
    you’re searching for at the 30k mark or less… are they foreclosures?

  27. youngprofessor-
    August 30, 2014 at 5:38 pm

    Great videos! Thank you!

  28. Ntando Nkala-Sarr-
    September 4, 2014 at 8:38 pm

    You are so cool – THANKYOU for what you are doing – ITS really making a big
    difference to me !!! Im starting out & you are making it less daunting —
    BEEN watching your videos everyday this week —

  29. enos anson-
    September 6, 2014 at 5:05 pm

    Good work keep it up

  30. shan rite-
    September 18, 2014 at 7:46 pm

    I’ve watched prices rise by tens of thousands of dollars, so started
    thinking this is something I’d have to wait another 5-10 years to be able
    to afford to so. I never considered buying in other areas/states.

  31. niasiac-
    October 21, 2014 at 9:25 am

    This is totally awesome video ! Thks

  32. Ronny Buckles-
    October 30, 2014 at 12:13 pm

    If you invest 30k into a property whats the most you want to put in it for
    repairs?

  33. neil springer-
    November 13, 2014 at 3:47 pm

    Great video, as a real estate agent what you say is very true. Thanks for
    making me realize that instead of breaking my investment budget on one unit
    and stressing out about rent i can spread my money out and still have a
    cushion for the vacancies.

  34. Zachary Vines-
    November 13, 2014 at 3:54 pm

    Good stuff I like it

  35. micchecka123-
    November 16, 2014 at 4:32 pm

    Great videos Lisa, I have been thinking about investing in real estate for
    a while now and your videos and posts are REALLY, REALLY, REALLY helpful.
    Thank you very much. I plan to watch every video you’ve posted.

  36. jay5050-
    November 26, 2014 at 2:33 am
  37. Brittenne-
    November 28, 2014 at 5:26 pm

    How do feel about real estate investing in Jacksonville,Florida?I see alot of cheap properties here..

  38. Denis Barbosa-
    December 3, 2014 at 10:26 pm

    I LOOOOOOVEEEE YOUR VIDEOS!!!!!

  39. theabebe1-
    December 21, 2014 at 4:49 pm

    I love the videos as well as the information! I’m in Atlanta and I have
    been wanting to do this for a long time. Just not sure about financing
    options. Is there a finance video?

  40. chimezap-
    December 30, 2014 at 5:33 pm

    thank u !!

  41. Enlightened Nomad-
    January 1, 2015 at 12:18 pm

    Awesome information thanks so much xo

  42. Thomas Odoardi-
    January 3, 2015 at 8:50 pm

    Watched a few videos so far and it does actually help a lot. It made me
    think about renting slightly different and the fact you can tell you’re
    just speaking from experience instead of reading off a prescripted paper
    makes a huge difference. You’re cool

  43. Cindy Chau-
    January 9, 2015 at 12:38 pm

    OMG I live in Falls Church and want to dive into this too! You are my
    INSPIRATION! I’m not gonna be scared of Baltimore! Field trip this weekend!
    🙂 I hope to see you around the neighborhood!

  44. Donald Placide-
    January 18, 2015 at 2:36 pm

    Wow, very useful content, I took a page full of notes just from this Vlog!!

  45. Vernon AO Reid-
    January 20, 2015 at 10:48 pm

    Ms AffREI thanks soo much for your sharing and giving back. Im getting
    started and gathering info and your candid advice is appreciated

  46. David Grant-
    January 24, 2015 at 6:41 am

    I really appreciate your advice on investing. I plan to purchase my first
    investment property this year. Thank you.

  47. Will Walton-
    February 6, 2015 at 6:59 am

    Thank you

  48. whateverhappened2-
    February 16, 2015 at 10:37 pm

    thanks for the information about crimereports

  49. Joe Lujan-
    February 17, 2015 at 9:11 pm

    OK so what can you tell me about So Cal. inland empire?

  50. Tay Clemmons-
    March 4, 2015 at 9:24 pm

    Feels like I’m a beginner….which I am….And I am growing in knowledge as
    we go!

  51. David Joyce-
    March 16, 2015 at 5:37 pm

    One comment on the crime stats. I had an agent a while back tell me to call
    the sheriffs office of that county and ask for the call records department.
    I ask them to check for one year all the reports made by police on that
    street. Now i have the guys on speed dial =) I only use this way when I am
    very serious about property because asking about every property isn’t very
    practical. Good video.

  52. Jay Tucker-
    March 23, 2015 at 7:22 am

    Great information

  53. Keith Woolridge-
    March 29, 2015 at 12:44 pm

    Thank you again! I did enjoy Episode 1 and I look forward to hearing more .
    Thanks again. I’m looking at a property around 10.000 dollars; I do need
    help find out how to finance the deal ; by owner occupied !

  54. Keith Woolridge-
    March 29, 2015 at 1:00 pm

    Hi THERE !
    So far I have not hear one thing concerning where to go for financing a
    property .
    Would you know HOW & Where a person can go for financing ?

  55. Nicholas Stoica-
    April 29, 2015 at 8:59 pm

    I am currently preparing to follow your track to success! Very eager but
    also cautious and trying to look at all angles of this form of investment.
    Your videos are very real/not over-glamorizing for the investment and
    informative. Please keep the content coming!

  56. Samuel Sasso-
    May 18, 2015 at 12:52 pm

    Hello. Thanks for the video. I am a Realtor and investor in MA. I am
    looking to invest in the states you mentioned because 30K in Massachusetts
    gets you maybe a shower. The whole bathroom if your lucky…lol. I have
    cash and credit. I am interested in your opinion investing in states that
    you don not live in or near.

  57. Leroy O-
    May 24, 2015 at 6:54 pm

    omg i love you series soo far!!! where could i go to be more connected?

  58. June 8, 2015 at 8:03 pm

    crimereports.com is brilliant – I wish I had known about this site waaaay sooner. How do you feel about condos versus single family homes?

    • June 8, 2015 at 8:55 pm

      Thanks! I will always prefer single family over residential. If you’re on my newsletter, you will see my exclusive videos detailing why! I will take a condo if there is NOTHING else thats a good deal, but it can seriously mess up your real estate investing game.

  59. Sir Cooper-
    June 12, 2015 at 2:23 pm

    Love your approach..very candid and insightful..you r my new friend in my
    head!

    • June 15, 2015 at 5:21 pm

      Hi Cooper!
      Thanks! My newsletter has exclusive videos, and is the best way to make sure you’re not missing something.

  60. Mike Smith-
    June 17, 2015 at 9:12 pm

    Awesome. Thanks for taking the time! Guru’s ask you to raise the limit on your credit cards to buy their training! Your content is the real deal!

    • June 17, 2015 at 10:10 pm

      Lol, ah, that’s so not the way to do business. Real Education doesn’t have to cost 1000s. Take care, and good luck!

  61. Jose Rodriguez-
    July 16, 2015 at 2:41 pm

    I have a question I would like to know If i have 50k in cash do you think
    its a good idea to buy a apartment in the city thats 1 bedroom and then
    rent it out ?

  62. Jose Rodriguez-
    July 16, 2015 at 2:48 pm

    Lets say iam from new york city you think it would be a good idea to invest
    in another state do you believe i should stay in my area?

  63. Jose Rodriguez-
    July 16, 2015 at 2:55 pm

    also taxes lol i have so many questions dont they tax you for maintenance
    and things like this i remember tried to pitch me in to wholesaling not my
    type of business

  64. Simply Paris-
    July 22, 2015 at 1:55 am

    Great video

  65. eish19-
    July 22, 2015 at 10:10 am

    New to Channel and I appreciate all the information you are providing.
    Thank you!

  66. Aditi Varshney-
    July 23, 2015 at 10:33 pm

    Very Nice Video series, I am enjoying every bit of it and learning with
    each video.
    Very soon I might start asking you some questions that are popping up in my
    mind, hopefully you can answer them if time permits.

  67. Imtiaz R. Hasan-
    July 24, 2015 at 11:26 pm

    hey Lisa, I enjoy the videos. I am a college student and was wondering if
    it will be wise to invest in a 30K house near me and rent it out. Now, I
    can either convince my parents or use my student loan. What do you think?

  68. greg jones-
    September 26, 2015 at 10:08 pm

    you are the best,I enjoy your content.look forward to more information from you so helpful you will never know how much. you remind me of my sister. thank you.

    • October 5, 2015 at 10:29 am

      Thank you for believing in what I am trying to share.
      Lisa

  69. Jon-
    November 24, 2015 at 7:06 pm

    Great video. I use to think about staying in a small area to hit properties easier all at once. But that means missing out on good bargains in other areas. Thanks

    • November 24, 2015 at 10:30 pm

      yes, i’m all about going outside of your zone to get the best monthly income.

  70. Michael-
    March 15, 2016 at 9:37 pm

    Great information. I live in southern California which is difficult to find properties for 50k. What is the best approach to buying a property and rehabbing out of state?

    • March 15, 2016 at 9:46 pm

      Its a series of simple steps to do it (Analyze nearby markets, vet contractors appropriately, analyze the right properties). However, that’s a big question that I lead my clients through, I couldn’t possibly answer a question like that in the comments section due to length of reply and the different caveats to mind. I do go over it in my Sub30k Private Video Collection, and step by step with my Sub30k Income Training.

      • Michael-
        March 16, 2016 at 8:57 pm

        Thank you Lisa I’ll check it out.

  71. Car B-
    April 6, 2016 at 1:13 pm

    Hi Lisa,
    Thanks Good advice.

  72. Brandy-
    August 16, 2016 at 7:17 am

    So excited to have found your website! I’ve been putting off buying a rental property for a year now, out of fear. And you’ve totally given me the courage to make this happen. I live in Columbus, your old stomping grounds.