I just did a full main floor in Menards laminate at $0.65/ sqft, with mail in rebate of $130 off of $300, which paid for 2/3 bedrooms worth of $0.75/ sqft carpet.
Yes, those days (2014-15) were good. I am sure prices have doubled since then. Buying for $40K and getting $1000 rents is fantastic and unheard of in my areas.
Couldn't ask for a more perfect video. I'm a former pilot, FAA air traffic controller, 31 years old. Looking into starting with small single family rental home to start with by the end of this year. Awesome thanks!
Erich Knoop I've been buying now since 2002. We were using bank financing prior to the "fall". After we regrouped and started buying with cash. The game changed but still lots of opportunity
Another wonderful and inspirational podcast. You guys are lucky to live in a country where hardwork is encouraged and rewarded. The people who want to improve their own lives by working hard and provide a valuable service are rewarded and the investing in real estate is encouraged. Here in UK, we are now slapped extra 3 percent stamp duty tax if anyone wants to work hard, save money to buy a second house as second home or for rent as an investment. Nevertheless very inspirational podcast. Thank you BP. Here
Wow, you wouldn't touch Detroit? Hottest market in the country..... I have investors from as far as India setting up cash flowing properties. We just completed our 100th rehab this month.
Great information I look forward to implementing some of the information you guys have shared. Over half done with school then plan in working and buying houses too.
Awesome video I own to condos in FL but so focused on going into 16 unit or more complex definitely nervous and excited at the same time. Would love to see more videos on the multi family building. And a little more of a breakdown or a little more explanation on A land contract.
Got it, I learned to go for the Fannie Mae loan where you have to fix up the place your self. If you are willing to fix it up your self. It is always nicer to hire a contractor. But that is up to you. What about the New York tri-state area? Which areas would you invest in if you had 50k?
Does anyone know of a good rent collecting software or management company? How does that work does it affect their credit if they don't pay and what are the fees like on something like that? Thanks!
That strategy of over rehabing the property and renting it just, just a little less than the competition did really worked out for me in the long run. I do. really keep good tenants longer doing that.
A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time.
He called 50 credit unions and 48 told him no. That there is what will always separate the successful from the unsuccessful.
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@@lauraquinche6402 /r/ihadastroke
Exactly, never take "no" for an answer and keep going until they say "yes"!!
how do you do a kitchen a bathroom and floors for 10k?
Gently used appliances, cheap laminate and carpet, paint cabinet boxes, Amazon cabinet hardware, $200 home depot vanity, $100 toilet, paint, cheap home depot countertops.
I just did a full main floor in Menards laminate at $0.65/ sqft, with mail in rebate of $130 off of $300, which paid for 2/3 bedrooms worth of $0.75/ sqft carpet.
Putting in your own sweat equity.
you guys rock love all the podcasts and webinar! ty
I had to come back and listen to this episode years later. thanks Josh!
Separating emotions from business is so important. Great information, thank you
Yes, those days (2014-15) were good. I am sure prices have doubled since then. Buying for $40K and getting $1000 rents is fantastic and unheard of in my areas.
Couldn't ask for a more perfect video. I'm a former pilot, FAA air traffic controller, 31 years old. Looking into starting with small single family rental home to start with by the end of this year. Awesome thanks!
+Kyle Nagle That's awesome. Best of luck :)!
Did you do the first rental yet Kyle?
Update us!
Kyle Nagle :)
Kyle, do you have an update?
You started buying around the time of the recession? In that case, no, not 'anyone can do this' -- this is a right place, right time situation.
Your not going to get far with that mind set. There are opportunities everywhere. If your hungry enough, you can do the same.
Erich Knoop I've been buying now since 2002. We were using bank financing prior to the "fall". After we regrouped and started buying with cash. The game changed but still lots of opportunity
During the Auction. But realistic to be in a marketable area you should expect to be $15k to $20k per property.
Another wonderful and inspirational podcast.
You guys are lucky to live in a country where hardwork is encouraged and rewarded. The people who want to improve their own lives by working hard and provide a valuable service are rewarded and the investing in real estate is encouraged.
Here in UK, we are now slapped extra 3 percent stamp duty tax if anyone wants to work hard, save money to buy a second house as second home or for rent as an investment.
Nevertheless very inspirational podcast. Thank you BP.
Here
Wow, you wouldn't touch Detroit? Hottest market in the country..... I have investors from as far as India setting up cash flowing properties. We just completed our 100th rehab this month.
Mang Shawn email me your contact information. www.Greatlakespmg.com
I've tried to email you. It won't go through. Clarence@greatlakesidg.com
Clarence Archibald Grand Rapids works for me...
a bunch of $$ is being poured into Detriot.
Wish could find homes that cheap in my area to start out. Even the cheapest foreclosed condos are 80k in B areas.
Thank you for adding CC on many of these podcasts. I appreciate it. 😀
Well, if I know nothing else about the team that rehabbed my house. I know for a fact they were NOT emotionally involved in "fixing" my house up.
So what is the name of the Fannie Mae HomePath program that Josh used to purchase his property?
Great information I look forward to implementing some of the information you guys have shared. Over half done with school then plan in working and buying houses too.
In my market I will be lucky if I get 0.5% rule...
amazing video guys. I'm really motivated to start my real estate investment and this video was very informational.
Awesome video I own to condos in FL but so focused on going into 16 unit or more complex definitely nervous and excited at the same time. Would love to see more videos on the multi family building. And a little more of a breakdown or a little more explanation on A land contract.
Got it, I learned to go for the Fannie Mae loan where you have to fix up the place your self. If you are willing to fix it up your self. It is always nicer to hire a contractor. But that is up to you. What about the New York tri-state area? Which areas would you invest in if you had 50k?
we are looking to move to a larger home to start home daycare. market analysis: sell and make realistically 7k or rent for 200-350 over pi and escrow.
Does anyone know of a good rent collecting software or management company? How does that work does it affect their credit if they don't pay and what are the fees like on something like that? Thanks!
That strategy of over rehabing the property and renting it just, just a little less than the competition did really worked out for me in the long run. I do. really keep good tenants longer doing that.
Great knowledge!
Continue reading to learn more.
Starting at 5:00
Lots of great information.
Hey, we started out doing the same thing! Still doing it now!
Wow
This guys are doing a great job.
Great video. What was the management software?
Can someone please explain what a blanket loan and a homepath home is? Thank you in advance
A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time.
56:00 what is the name of the software?
Make a video detailing how others should use your product.
Wilson Mancho While a lot of people have frequently asked question sections on their sites, it is a good idea to make a video.
what is the best state to incorporate in for real estate so that I can put the properties my businesses name?
John Adair Wyoming
Downriver, MI here. We're in the same area my man
I just realized this is from 2015 lol he must have 100 properties now
Best video ever!!!!!!
Sick!!
I thought HomePath loans required you to live in the property?
DME Properties LLC You could also hire a production company if you are not sure how to do that.
great video