Another amazing interview, filled with a great perspective of someone who does inner-city investing, and we got even more in depth. Al Williamson first started off in a triplex with his new wife in a revitalization zone. After getting his feet wet with that, we are going to delve into how he moved into his first 8 unit apartment which
This is another interview with Loan Processor Kwasi Jenkins. We’ll share with you today how the new Dodd Frank Rules are stopping or helping mortgage lending, why you would want to file single instead of jointly, and what reserves you may need for your rental properties. This is very informative for new or experienced investors alike, because the changes from
As you all know, I have a previous post on being cautious about doing the current coaching programs as seen by the “gurus,” as I saw more sales than value. Today, I am discussing the concept of fully vetting a potential mentor, and what to keep in mind from both your point of view, and the viewpoint of the person
Please join us today as I talk with Sharad M., of Max Properties LLC. Sharad has been buying and renovating houses for the last 4 years, and in life and in real estate, has acquired a vast amount of insight, wisdom, and success. Please enjoy as we discuss Sharad’s ability for him and his wife to decide to live off
BiggerPockets Reblog: Click Here For Original Article How should you decide how “nice” to improve a rental? Here’s how I determine it, using something I call the “Coziness Factor.”
You guys know I feel that banks are a last resort! Well, let me tell you one more story if you haven’t gotten the point they are more likely to tell you No, than Yes.
This is a tip that I used when searching for lower priced properties. I use a really good local realtor website rather than the national mls. For some cities, I use these sites exclusively (Baltimore, RIchmond). These sites are easy to find in google, and offer lower priced homes that don’t always come up on ZIllow, Realtor.com, etc. And, don’t
http://www.biggerpockets.com/renewsbl… Today I would like to share with the BiggerPockets audience a systematic technique I use to vet low priced/high cash flowing neighborhoods: The Leveraged Analysis Technique. This process leverages the available resources so we can find safe Working Class Neighborhoods (WCNs), as well as cut our search time in half by not wading through duds. The analysis is powerful
Now that I’ve given you a system for finding high cash flowing working class neighborhoods and properties, I need to emphasize this: You can NOT drop the ball on the tenant screening! You NEED to screen your tenants. It is not a myth that in these neighborhoods, there is a higher chance of getting someone who’s money is stretched tight.
http://www.biggerpockets.com/renewsblog Since I am on the ground in working class neighborhoods, I always try to find out the story of how the neighborhood became so distressed with low prices. I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago – but when the jobs left, the neighborhoods began to reflect that economic