We are almost at 10k subs! Please be sure to subscribe to the channel, it's free 😀 Sources in case anyone wants to check them out! fortune.com/2023/09/27/detroit-jobs-housing-economy-jpmorgan-chase/ www.detroitnews.com/story/news/local/detroit-city/2023/09/19/j-p-morgan-chase-on-detroit-we-want-to-be-part-of-the-city-for-another-90-years/70901801007/ www.intriguepm.com/post/why-invest-in-indianapolis#:~:text=Economy%3A%20Indianapolis%20has%20a%20strong,Company%2C%20Anthem%2C%20and%20Cummins. fox4kc.com/business/kansas-city-among-fastest-growing-large-economies-in-us/ fox4kc.com/news/kansas-city-olathe-among-the-10-fastest-growing-affordable-cities/ www.worcesterinvestments.com/why-kansas-city/ www.stlmag.com/business/projects-shaping-st-louis/ neo-trans.blog/2024/01/02/cleveland-development-what-to-look-for-2024-downtown/ www.daytondailynews.com/business/amazon-web-services-to-invest-78b-in-ohio-by-2029-state-says/WKKHXKT5QFBFHGTQQSEW4QAU7Q/
Alot of dead places are being revived. The world is changing for the better. Destruction has to occur before rebuilding can begin. Its a new day and no ones looking back! Lessons learned and everything is going to be alright. Thank you friend ❤
The problem with these listings is always the crime rate. Your analysis is focusing entirely on the big picture looking at the entire city, but real estate is local, neighborhood by neighborhood, street by street, subdivision by subdivision and even block by block.
Disagree with a blanket statement being made about an entire city. plenty of folks successfully invest in all the cities I’ve mentioned including myself. It’s all about finding those good pockets in a city. Every city has them. That’s the next level of research.
Everyone is not shot every week I’m from Detroit grew up in a nice area on the west side never been shot at robbed , or had my vehicle stolen , etc , also hung out many times in Chicago Illinois and parts of Indianapolis never had any issues I think most of it if you go looking for trouble you’ll find it stay out the way and don’t act to flashy you’ll be ok ✅
@@GHO5tMod3 I’d prefer to just live life as I usually do and not worry about thieves rapists thugs and killers. My city is 70% no go to me due to gang teens and gangs in general. I don’t go in the city. I moved outside of it. As did many and many more are now. Zero 150k homes where I moved. Lots in the city. Cops where I live have zero tolerance for criminals. They know it and stay away.
Something going on in this country-change. I can’t put my finger on it. Cali and NYC people driving Southern prices up and moving but midwestern cities are also building but less talked about. What about Memphis and Mileaulkee??????
@diabetes1.564 California and NYC are not governed well by the politicians and instead of residents realizing that they made a mistake and trying to fix things, they are running to cheaper, lower tax areas without changing their habits. They then focus on changing their new areas into their old areas and then they have to move again. They wonder why people are not happy to see them when they drive up home prices. They never stop and look in the mirror and admit to the damage they’re doing. I partially blame Hollywood for spreading that ego to regular people. They believe that every place except California and NYC is country, slow, racist, etc. Look at Bali, parts of Mexico, Oregon, Austin, Atlanta and other areas that were just fine before the influxes of people.
@@blackrealestatedialogue Question why would you want to? 3 words dictate investment return. Location location location. Not paint, kitchens, baths etc. it’s not what it is, it’s where it is. No sense committing to a 1300 payment in an area the seller is determined to get of even it means a lower price when you only get 1400 rent, if your lucky and the tenant doesn’t crash that little roi with problems. Or you get no tenants of merit at all due to the high crime address.
How are you doing street and neighborhood level research on these properties? Finding property managers? Got any tools and websites for putting together a team in these cities? How did you do it in Dayton? Hopefully you can drill down to lower levels than the city in upcoming videos. Thx!
thanks for the feedback! Check out this free guide. I think it will answer some of your questions. www.outofstatemoney.com/long-distance-investing-guide
Dayton metropolitan area is becoming pricey especially the suburbs of englewood and Kettering it’s beautiful there to raise a family but if you’re young with no kids it gets boring Dayton is segregated in a lot of places as far as living I’ve lived there for seven years went to college out there from Detroit Michigan Cleveland is a lot cheaper more Hispanic and black population beauty metropolitan parks but Dayton metro area is a little better in my opinion than Cleveland
Good callout. Because individuals do not want to (and should not) invest in areas that are dangerous, crime-ridden and has poor schools and a fledgling or non existent middle class.
The light always outshines the darkness. If enough people of a positive vibration move to an area they can literally nullify the negative vibration until it ceases to exist. Some call this gentrification which imposes a racial aspect, however, if enough black people in the middle and upper classes move to such an area, they can also “gentrify” the negativity from a place as well. It takes brave souls, not a certain skin color. ✨
Interesting how did you land on that rent rate for the Indianapolis property? I was looking at the house two doors down when it was on the market a few years ago (2421 Indianapolis, IN) It was a poorly done rehab, pictures look nice but in person it was bad, I live here. The property is right next to a school. Former wholesaler who has worked with the landlords in the market, I must say that is a very high estimate rent rate for that property. I think you would be looking $800 to $950 if you’re lucky.
awesome to hear from someone who is local! Thanks for your comment. I looked at what was available for rent within the zip code and it seemed like a ball park range in the area. Sounds like it would fall towards the lower end of what I estimated. I appreciate the insight man!
0 seconds ago And to have good quality tenants who pay - that’s always a huge issue. In not so desirable neighborhoods, you don’t find tenants with good credit scores
thanks! Check out the latest video, I explain more of what to look for and how to find out some things ruclips.net/video/Jrd0rbWqbog/видео.htmlsi=g0ZHTX7KI2Z0glDQ
Bro Great 👍🏿 video , I’m from the MIDWEST there are spot in the places u mention are BAD, crime you don’t want to F with know ur Boots on the Ground, all these place I’ve spent time, I know place u k buy house for 10k-15k, it depends on the pain u want to feel 😂
Location within a city is very important. I absolutely recommend having boots on the ground and visiting the area. Figure out the best neighborhoods. That helped me a ton. Thanks for sharing your thoughts!
Thank you very much for this Terrific R/E Intel !......I just sub'd your channel.......Would some of these cities be good for retirees to live in and Lower their expenses ( low inc. taxes and property taxes ?
Thanks for the sub! I think it depends on what the retirees are looking for from a lifestyle perspective, cost of living, cost of healthcare, weather, proximity to family etc. So they may or may not be.
I bought property in Nashville for 243K - the rent is 1900/month. And every tenant that applies has a low credit score. I bought two years ago and have had 2 tenants with only 3 months without a tenant. However, my next buy in Nashville for rental property will be with property more expensive so I get more quality tenants applying.
What's a gazella? Just buy REITs now. Get 5-10% annually. No crappy tenants, just monthly or quarterly dividend checks. They are still relatively cheap right now too. Also, places are cheap and expensive for a reason.
all cheap areas aren't crime infested and unsafe to be fair. Every city has good and bad areas. It's up the investor to determine where to avoid. REITs are a good option for some! Thanks for sharing.
The problem is when buying in the midwest... All of those houses that look nice inside are flips. They may look good, but when you get into what's behind the walls, It's a whole different story. I just was up in Indiana, helping my friend Buy a house up there and that's what we ran into. If it was affordable, it was a flip and there were problems with it.... Some were serious problems. They were in neighborhoods with terrible schools. Anything that was in good condition that you would want to buy. Was about two hundred and fifty thousand or more.
Every city has crime. I met with a friend on Sunday who has a bunch of properties in Memphis and he’s doing great. You have to know where In the city to avoid. Check out this video, I talk about some things to look out for. ruclips.net/video/Jrd0rbWqbog/видео.html
Crime is everywhere. People live everywhere. The highest priced housing in America is SF and they have crime. Also NY has crime and average rent is $5000/month.
@@eliot5220 crime is measure different because those places have more people. Kansas City is known as one of the least populated cities, but the crime is high. Which means crime is more likely to happen to you in Kansas City than New York City.
All of them in ghetto. , better to find rentel area good schook area. you will get better quality tenants! finding good tenaths is second of part of rental!
@@blackrealestatedialogue so far it’s OK on the rentals because the margins are better than my town. I will see in a couple months how the for sale works out.
I have some experience with South Bend and also Indianapolis. Indiana, those homes are way overpriced. I bought a home in those areas for under 10000 each. I bought an awesome historical home for $4000..A few years back and before the pandemic, homes and those areas were selling for about $20,000 so to list them now. 490000 or 100,000 their way over price.. These homes are usually very well built.Indeed, a moderate renovation to mild renovation.They're all solid hard woods and trims.And plaster but investors pull all that out and put in fake plastic floors and trim and room the quality of the home. That's the area's are taking slow to turn around.Even though there's a lot of development, there still is a lot of high crime.Slum lords and drug houses in the area.And that's why the price still lower than the rest of the country but I still way overprised for the area in this market. Also most of these areas there really are not that many quality jobs. It will turn around.It's just taking londear because it is horrible economy with inflation and interest rates. Also a lot of these areas have section eight homes or rentals and the people and they're usually just trash the properties which I am a witness to in my area. So it's not a good idea if you are an investor to buy any of these homes from out of state because you cannot keep a close eye on them
the next level of research is looking at the specific neighborhoods. Believe it or not, there are tons of affordable properties in the midwest in great neighborhoods
you do realize some investors specialize in buying properties that need rehab and increasing the value of it right? There are properties all over the country in need of rehab. I'm not sure what your point is lol @@johnh8705
@pnutt2532 Extremely high property taxes in Cleveland Heights. If you’re not familiar with Cleveland, I don’t recommend you invest there as an absentee, novice investor. You will get stuck with a property without knowing what you’re getting into.
In those areas who affords those rents😂🤦🏻♀️🤷🏻♀️What's the crime rate in that area?🤷🏻♀️ Are there jobs in those areas?🤷🏻♀️ thank you for the information👍I heard stronger restrictions on landlords? Especially when people are new to that side hustle 🤷🏻♀️
All these cities have crime. Large and small. People need a place to live bottom line. Cali and NYC have high crime and you pay millions. If people can live there for millions they can pay way less for the same crime and a better quality for other things in a smaller city
Please ask the realtor is the area safe out there is the area safe their crime okay burglary and so forth and is it convenient to stores public transportation schools churches and others location location
Best state to invest in is Ohio. The best cities: Miamisburg, Centerville, Kettering, Oakwood, Beavercreek. The counties are Montgomery, Green, and Warren. Why ? Ohio has jobs. Most cities are diverse in cultures. Lots of different restaurants such as Asian, African, European, Spanish, Middle Eastern, Indian, and American. Just look at how many Walmarts and McDonald’s in the areas. Lots of malls ( Liberty, Cincinnati premiere outlet, Dayton mall, The Green).
@@blackrealestatedialogue I live in Dayton Ohio. There are some of developments around downtown, but as far as like if you were looking for entertainment, you have the Oregon district or you have the Dayton mall or you have the Cincinnati outlets if you want something as far as other entertainment, there is a lot of breweries in Dayton, as far as the scenes of living like it’s a good place if you were looking to retire or start a family, but for the most part, there is really nothing to do
The house in Cleveland is over valued. It’s in an F neighborhood, dangerous and the type of tenants someone would likely get are going to tear the house up.
I have a really nice 2300 sq ft home with 2 car attached garage and 2 car unattached. Custom built on just shy 1 acre. Its in a small rural area with Amish community, but only 15 minutes to a hospital and stores. Nice quiet area. Its located in southern Ohio close to Ohio River. The home is all brick. Will sale for 450,000.
@blackrealestatedialogue that area of deep South St. Louis has some hipster gentrification going on, but it's also got a major fentanyl problem. $200k and up in the city for sure. $300k if you wanna feel safe. The suburbs $200k up will suffice.
Got it I guess the main distinction is living in a place vs just a rental property. I could see someone have a rental property in an area where they wouldn't necessarily live and maybe buying in those better areas you mentioned. It's always good to hear from locals so thanks for the tip! @@jsb06g
@blackrealestatedialogue Absolutely, I'd say 10 years ago you could definitely find a steal in the city for about $100k, but St. Louis is starting the gentrification trend that the coast had decades ago. I'd imagine by the end of the decade St. Louis will no longer be affordable in desirable areas. Homes that coast $80k before the pandemic are easily $300k.
The Detroit property NO FREAKING WAY u can't even go to work in that neighborhood burglars are going right behind and your car insurance will definitely be more than your car payment also the school your kids would have to attend would make u never want to live there and rent maybe 7-800$ than after 6 months there going to have a payment issue cause someone who can afford to live there are struggling
In the video I did mention that I found plenty of properties within a certain price range. So folks should do their own due diligence on the specific neighborhoods. That's an important part of the process. The home I used was just an example and I wasn't saying folks should buy that specific property. I'm sure there are other homes within the price range in decent areas. As for the rent, I looked at what the rents were for other homes in the zip code. Hope this helps. thanks for sharing!
This guy shows a home and uses projects across town to sell his point. How about showing properties in the immediate areas surrounding the projects you presented.
@@johnh8705 I’m actually not giving any advice. I’m giving my opinion. Yours is different than mine which is all good. Like I said you’re welcome to create a video of your own that shares the info you want.
Nobody don't want to be a sucker and live in an area that's full of crap like crime and so forth what happened in the 60s that means the bus services okay and so forth when when they lived in the seventies and eighties that's when all hell broke loose as of right now public transportation is a must going through the in the areas to downtown and so forth because as of right now I am not going to pick an area that you going to live in and your bus service don't run right from 7:00 they cut down from 7 days a week to to 6 days a week that sucks 5 days a week some people say I'm getting the heck out of the midwestern City specialty in Indiana Indianapolis you got Industries like Indianapolis like Allison Transmission Eli Lilly Ford Motor Company you got other Industries in the area like in the light the commercial food Industries I said Meat Packing in the streets and distribution centers in trucking and trucking and so forth
Very important to look at the individual areas. My goal was to show folks there are more affordable places. The next level of research is getting on the ground and scouting out the neighborhoods themselves and choosing the best one possible. Thanks for the comment!
I stay in GA but areas for that price is not going to be in good areas…the point is the cash flow and the rent you get for the price…I have plenty properties in bad areas making me a lot of $
yep, I agree just because you wouldn't live there doesn't mean someone else wouldn't! I would not live where any of my properties are. And whether I'd wanna live there is irrelevant. Like you said it's about cashflow@@kbeezy7417
There is always someone that will buy. Look is what happening in these cities with gentrification. Criminals and the poor will get pushed out eventually.
@@blackrealestatedialogue Yes I unfortunately the same issue for many black folks are still in pov many outsiders yee loving in and building there construction allover downtown ?
Every city has good and bad areas. Believe it or not people are making money in real estate everywhere. Quite a bold statement to make such a claim for an entire city. Thanks for watching!
every city has good and bad areas. And in all of these cities listed as well as all over the USA, folks are making money in real estate. In good areas and "bad" areas. All depends on the individual's strategy. thanks for commenting!
The applicant should have a good payijobb4i would even considerer renting a 900 to 11100 dollar negative is probably what go the previous owner into foreclosure
We are almost at 10k subs! Please be sure to subscribe to the channel, it's free 😀
Sources in case anyone wants to check them out!
fortune.com/2023/09/27/detroit-jobs-housing-economy-jpmorgan-chase/
www.detroitnews.com/story/news/local/detroit-city/2023/09/19/j-p-morgan-chase-on-detroit-we-want-to-be-part-of-the-city-for-another-90-years/70901801007/
www.intriguepm.com/post/why-invest-in-indianapolis#:~:text=Economy%3A%20Indianapolis%20has%20a%20strong,Company%2C%20Anthem%2C%20and%20Cummins.
fox4kc.com/business/kansas-city-among-fastest-growing-large-economies-in-us/
fox4kc.com/news/kansas-city-olathe-among-the-10-fastest-growing-affordable-cities/
www.worcesterinvestments.com/why-kansas-city/
www.stlmag.com/business/projects-shaping-st-louis/
neo-trans.blog/2024/01/02/cleveland-development-what-to-look-for-2024-downtown/
www.daytondailynews.com/business/amazon-web-services-to-invest-78b-in-ohio-by-2029-state-says/WKKHXKT5QFBFHGTQQSEW4QAU7Q/
Just curious do go over Arizona housing markets ?
I might in a future video. Where in AZ are you interested in?@@Jay-s8x7f
@@blackrealestatedialogue Phoenix, Arizona ! Thanks .
thanks!@@Jay-s8x7f
Alot of dead places are being revived. The world is changing for the better. Destruction has to occur before rebuilding can begin. Its a new day and no ones looking back! Lessons learned and everything is going to be alright. Thank you friend ❤
Agreed! Very few people will understand this and most will just let the opportunity pass them by
I am glad your channel showed up in my search results! Appreciating your channel and content. You are providing really helpful information.
That's very nice of you! Thank you so much
When you buy rental property at a low price, you have a problem with paying tenants- which is a huge headache
I understand your perspective. I think it really depends. It’s important for investors to do a lot of due before investing someplace.
The problem with these listings is always the crime rate. Your analysis is focusing entirely on the big picture looking at the entire city, but real estate is local, neighborhood by neighborhood, street by street, subdivision by subdivision and even block by block.
great point! Thanks for the comment!
Every one of these cities has high crime rates. When people are shot week after week on the block buyers back off. Hence the reduced and low prices.
Disagree with a blanket statement being made about an entire city. plenty of folks successfully invest in all the cities I’ve mentioned including myself. It’s all about finding those good pockets in a city. Every city has them. That’s the next level of research.
Everyone is not shot every week I’m from Detroit grew up in a nice area on the west side never been shot at robbed , or had my vehicle stolen , etc , also hung out many times in Chicago Illinois and parts of Indianapolis never had any issues I think most of it if you go looking for trouble you’ll find it stay out the way and don’t act to flashy you’ll be ok ✅
@@GHO5tMod3 I’d prefer to just live life as I usually do and not worry about thieves rapists thugs and killers. My city is 70% no go to me due to gang teens and gangs in general. I don’t go in the city. I moved outside of it. As did many and many more are now. Zero 150k homes where I moved. Lots in the city. Cops where I live have zero tolerance for criminals. They know it and stay away.
Bingo, there is crime everywhere. just gotta know your spots.@@GHO5tMod3
@@blackrealestatedialogue
Downtown Detroit is nice 😊
Quality content. Memphis, TN and Columbia, SC maybe some others close to this. with that said keep the good content coming.
Thanks for those suggestions!
I have been hearing a lot about Columbia
@@phillipturner9598curious as to what exactly you've heard🤔
Something going on in this country-change. I can’t put my finger on it. Cali and NYC people driving Southern prices up and moving but midwestern cities are also building but less talked about. What about Memphis and Mileaulkee??????
Something is definitely going on. I think people are over the hype of Cali and nyc and want to move to more affordable places
@diabetes1.564 California and NYC are not governed well by the politicians and instead of residents realizing that they made a mistake and trying to fix things, they are running to cheaper, lower tax areas without changing their habits. They then focus on changing their new areas into their old areas and then they have to move again. They wonder why people are not happy to see them when they drive up home prices. They never stop and look in the mirror and admit to the damage they’re doing.
I partially blame Hollywood for spreading that ego to regular people. They believe that every place except California and NYC is country, slow, racist, etc. Look at Bali, parts of Mexico, Oregon, Austin, Atlanta and other areas that were just fine before the influxes of people.
Memphis? One of the highest crime cities in the US.
and people still successfully invest there@@noname-p2f2q
@@blackrealestatedialogue Question why would you want to? 3 words dictate investment return. Location location location. Not paint, kitchens, baths etc. it’s not what it is, it’s where it is. No sense committing to a 1300 payment in an area the seller is determined to get of even it means a lower price when you only get 1400 rent, if your lucky and the tenant doesn’t crash that little roi with problems. Or you get no tenants of merit at all due to the high crime address.
How are you doing street and neighborhood level research on these properties? Finding property managers? Got any tools and websites for putting together a team in these cities? How did you do it in Dayton? Hopefully you can drill down to lower levels than the city in upcoming videos. Thx!
thanks for the feedback! Check out this free guide. I think it will answer some of your questions. www.outofstatemoney.com/long-distance-investing-guide
Great video. I live in Detroit and I'm looking for somewhere to move and I think I'll start looking in Dayton and Cleveland Ohio.
Dayton metropolitan area is becoming pricey especially the suburbs of englewood and Kettering it’s beautiful there to raise a family but if you’re young with no kids it gets boring Dayton is segregated in a lot of places as far as living I’ve lived there for seven years went to college out there from Detroit Michigan
Cleveland is a lot cheaper more Hispanic and black population beauty metropolitan parks but Dayton metro area is a little better in my opinion than Cleveland
What's wrong with Detroit? Why do u want 2 move?
Nice Info. Curious to see if you can overlay the date with the crime rate, murder rate and health of the tax base
Those would be interesting things to check out!
Good callout. Because individuals do not want to (and should not) invest in areas that are dangerous, crime-ridden and has poor schools and a fledgling or non existent middle class.
all good things to consider. Thanks for adding to the convo!@@wftyler9680
The light always outshines the darkness. If enough people of a positive vibration move to an area they can literally nullify the negative vibration until it ceases to exist. Some call this gentrification which imposes a racial aspect, however, if enough black people in the middle and upper classes move to such an area, they can also “gentrify” the negativity from a place as well. It takes brave souls, not a certain skin color. ✨
this is a fair point. thanks for sharing!@@HoneyBunches100
Hi Samuel,I'm looking to invest in some type of property in the future. Thanks for this information. Love you all say hi to my niece Brianna.
Love you too! If I can be if any help just give me a call!
Interesting how did you land on that rent rate for the Indianapolis property? I was looking at the house two doors down when it was on the market a few years ago (2421 Indianapolis, IN) It was a poorly done rehab, pictures look nice but in person it was bad, I live here. The property is right next to a school. Former wholesaler who has worked with the landlords in the market, I must say that is a very high estimate rent rate for that property. I think you would be looking $800 to $950 if you’re lucky.
awesome to hear from someone who is local! Thanks for your comment. I looked at what was available for rent within the zip code and it seemed like a ball park range in the area. Sounds like it would fall towards the lower end of what I estimated. I appreciate the insight man!
0 seconds ago
And to have good quality tenants who pay - that’s always a huge issue. In not so desirable neighborhoods, you don’t find tenants with good credit scores
thanks for sharing your thoughts!@@katwells6278
Dope content. Thank you!
How do you find these key information about cities and what is happening in them?
thanks! Check out the latest video, I explain more of what to look for and how to find out some things ruclips.net/video/Jrd0rbWqbog/видео.htmlsi=g0ZHTX7KI2Z0glDQ
Detroit property taxes are extremely high scaring people away.
for those coming from expensive markets, could still be worth it 😅
Bro Great 👍🏿 video , I’m from the MIDWEST there are spot in the places u mention are BAD, crime you don’t want to F with know ur Boots on the Ground, all these place I’ve spent time, I know place u k buy house for 10k-15k, it depends on the pain u want to feel 😂
Location within a city is very important. I absolutely recommend having boots on the ground and visiting the area. Figure out the best neighborhoods. That helped me a ton. Thanks for sharing your thoughts!
Thank you very much for this Terrific R/E Intel !......I just sub'd your channel.......Would some of these cities be good for retirees to live in and Lower their expenses ( low inc. taxes and property taxes ?
Thanks for the sub! I think it depends on what the retirees are looking for from a lifestyle perspective, cost of living, cost of healthcare, weather, proximity to family etc. So they may or may not be.
Great video. Thank you
Glad you liked it!
I bought property in Nashville for 243K - the rent is 1900/month. And every tenant that applies has a low credit score.
I bought two years ago and have had 2 tenants with only 3 months without a tenant.
However, my next buy in Nashville for rental property will be with property more expensive so I get more quality tenants applying.
Thanks for sharing your experience. Wish you the best!
For $1900/month, $22,800 a year, is it worth it? With all the upkeep, risks, taxes, bills, etc etc then what are you taking home???
What's a gazella?
Just buy REITs now. Get 5-10% annually. No crappy tenants, just monthly or quarterly dividend checks. They are still relatively cheap right now too.
Also, places are cheap and expensive for a reason.
all cheap areas aren't crime infested and unsafe to be fair. Every city has good and bad areas. It's up the investor to determine where to avoid. REITs are a good option for some! Thanks for sharing.
And The REITS Will Buy Up All The Properties And Some People Will Never Be Able To Afford A Home.
The problem is when buying in the midwest... All of those houses that look nice inside are flips.
They may look good, but when you get into what's behind the walls, It's a whole different story.
I just was up in Indiana, helping my friend Buy a house up there and that's what we ran into.
If it was affordable, it was a flip and there were problems with it.... Some were serious problems. They were in neighborhoods with terrible schools.
Anything that was in good condition that you would want to buy. Was about two hundred and fifty thousand or more.
HOW'S THE CRIME, YOU SHOULD MENTION THAT TOO. MEMPHIS IS CHEAP TOO, BUT CRIME IS VERY HIGH WITH GANGS.
Every city has crime. I met with a friend on Sunday who has a bunch of properties in Memphis and he’s doing great. You have to know where In the city to avoid. Check out this video, I talk about some things to look out for.
ruclips.net/video/Jrd0rbWqbog/видео.html
I sW video in the D where those landlords inherited nightmares with trying to get people out of their property.
There’s is a big risk inheriting tenants it can go either way. Thanks for commenting
Great video,please which city can one buy property, resell and make profit
Almost anywhere just have to understand the process and the numbers
@@blackrealestatedialogue it's alright thanks
The crime rate in these places are nasty
The next level of research is finding the good pockets to invest in. Every city as em. Thanks for sharing.
Crime is everywhere. People live everywhere. The highest priced housing in America is SF and they have crime. Also NY has crime and average rent is $5000/month.
@@eliot5220 crime is measure different because those places have more people. Kansas City is known as one of the least populated cities, but the crime is high. Which means crime is more likely to happen to you in Kansas City than New York City.
I've seen a few house in Akron Ohio
I'm trying to live in the cheapest areas.
18646 Dwyer is in the most dangerous area in Detroit. Beware.
Thanks for the comment! These properties are simply examples. I encourage anyone to do their due diligence beyond just looking at a listing.
@@blackrealestatedialogue I understand and liked your video. I know the area and just want people to stay grounded.
@@frank-lt3tp
I appreciate that! It’s always good to hear from locals.
100k or less , make you think what builder purchased at ? With repair still sell it at 100k still profit.
Very fair questions
Ohio is starting to get pricey especially in the Columbus area most homes are are over 200k
yeah I was looking at columbus for this video and I was like nah, this won't make the list lol
Goal Is to buy an investment property this year, hopefully Detroit, although I’m not keen on the taxes there. Great video/info!🙏🏾
You can do it! Thanks for watching
Wow, wow, wow! Thanks for the infor.❤❤❤
You’re welcome! More to come 😎
Detroit!! Whoop whoop yasss ❤
Shoutout to detroit!
Dayton OH has HIGH property taxes and social issues that are widespread in west Ohio.
I’ve done pretty well there. Is that where you live?
@blackrealestatedialogue I shopped for a home there before I purchased on the other side of the state.
@@missymiss2357 Glad it worked out well for you!
Interesting ✍🏾
Glad you think so!
how many of these homes are in the ghetto?
I leave it up to you to do your own research…
All of them in ghetto. , better to find rentel area good schook area. you will get better quality tenants!
finding good tenaths is second of part of rental!
@farhank8336 : Exactly. Good tenants with good credit scores is everything
New subscriber. OHIO!
Shoutout to you and shoutout to Ohio! ❤️
Is Toledo Ohio good
I don't know too much about Toledo but I do know an investor who does well out there. Maybe I'll cover it in a future video@@rorykeith1083
I always tell people there are plenty of affordable homes in this country.
Yep, just not where they may want to live or invest but they do exist
I’m a Midwest investor. Just started going out of state. I wondered about Indianapolis. Currently I’m investing in IL and WI.
That’s great! How do you like investing in those areas?
@@blackrealestatedialogue so far it’s OK on the rentals because the margins are better than my town. I will see in a couple months how the for sale works out.
Glad it's going well for you!@@eliot5220
I have some experience with South Bend and also Indianapolis. Indiana, those homes are way overpriced. I bought a home in those areas for under 10000 each. I bought an awesome historical home for $4000..A few years back and before the pandemic, homes and those areas were selling for about $20,000 so to list them now. 490000 or 100,000 their way over price.. These homes are usually very well built.Indeed, a moderate renovation to mild renovation.They're all solid hard woods and trims.And plaster but investors pull all that out and put in fake plastic floors and trim and room the quality of the home.
That's the area's are taking slow to turn around.Even though there's a lot of development, there still is a lot of high crime.Slum lords and drug houses in the area.And that's why the price still lower than the rest of the country but I still way overprised for the area in this market. Also most of these areas there really are not that many quality jobs. It will turn around.It's just taking londear because it is horrible economy with inflation and interest rates. Also a lot of these areas have section eight homes or rentals and the people and they're usually just trash the properties which I am a witness to in my area. So it's not a good idea if you are an investor to buy any of these homes from out of state because you cannot keep a close eye on them
thanks for sharing!
I live in Texas I want to move to Michigan
Nice what part do you wanna move to?
I’ll be your realtor
Good info but I wonder are those low price homes in crime ridden hell holes?
the next level of research is looking at the specific neighborhoods. Believe it or not, there are tons of affordable properties in the midwest in great neighborhoods
Crime ridden hell hole can only be used to describe San Francisco or perhaps NYC
The crime isn't the issue. The homes require rehab, that's why. He's just yapping
LOL@@anthonygood1335
you do realize some investors specialize in buying properties that need rehab and increasing the value of it right? There are properties all over the country in need of rehab. I'm not sure what your point is lol @@johnh8705
What you think about Cleveland Heights Ohio ???
I don’t have enough knowledge on that specific area to give a fair opinion
It’s a nice area
@pnutt2532 Extremely high property taxes in Cleveland Heights. If you’re not familiar with Cleveland, I don’t recommend you invest there as an absentee, novice investor. You will get stuck with a property without knowing what you’re getting into.
@@kwilson4125 thank you very much , I really appreciate that
thanks for adding your thoughts! Are you located in that area?@@kwilson4125
The fact that most of these homes are empty and unoccupied says a lot.
I mean inventory varies from place to place
In those areas who affords those rents😂🤦🏻♀️🤷🏻♀️What's the crime rate in that area?🤷🏻♀️ Are there jobs in those areas?🤷🏻♀️ thank you for the information👍I heard stronger restrictions on landlords? Especially when people are new to that side hustle 🤷🏻♀️
Thanks for watching! Check this video out I answer some of your questions.
ruclips.net/video/Jrd0rbWqbog/видео.html
All these cities have crime. Large and small. People need a place to live bottom line. Cali and NYC have high crime and you pay millions. If people can live there for millions they can pay way less for the same crime and a better quality for other things in a smaller city
Very well said!
its 2 percent rule not 1 perent
It’s actually the 1 % rule. But if the 2% rule works better for your investments that’s totally fine.
New subscriber here
Welcome aboard!
Please ask the realtor is the area safe out there is the area safe their crime okay burglary and so forth and is it convenient to stores public transportation schools churches and others location location
Best state to invest in is Ohio. The best cities: Miamisburg, Centerville, Kettering, Oakwood, Beavercreek. The counties are Montgomery, Green, and Warren. Why ? Ohio has jobs. Most cities are diverse in cultures. Lots of different restaurants such as Asian, African, European, Spanish, Middle Eastern, Indian, and American. Just look at how many Walmarts and McDonald’s in the areas. Lots of malls ( Liberty, Cincinnati premiere outlet, Dayton mall, The Green).
Yeah, no Yes it’s good to live in Dayton Ohio but as a young person there’s nothing to offer as far as if you’re looking for a variety of range jobs
Thank you so much for sharing this!
Do you live in the Dayton area?@@yana6118
@@blackrealestatedialogue I live in Dayton Ohio. There are some of developments around downtown, but as far as like if you were looking for entertainment, you have the Oregon district or you have the Dayton mall or you have the Cincinnati outlets if you want something as far as other entertainment, there is a lot of breweries in Dayton, as far as the scenes of living like it’s a good place if you were looking to retire or start a family, but for the most part, there is really nothing to do
@@yana6118 Ohio has a lot of variety of jobs. Ohio has many colleges too! Your wrong dude.
The house in Cleveland is over valued. It’s in an F neighborhood, dangerous and the type of tenants someone would likely get are going to tear the house up.
Thanks for sharing! These homes are just examples I always encouraged folks to do their own research. Appreciate the insight!
Make sure you add New Orleans to the list and Detroit $5k homes.
thanks for the tip!
Detroit michigan is a lawless zone with high ass taxes I live here
I have a really nice 2300 sq ft home with 2 car attached garage and 2 car unattached. Custom built on just shy 1 acre. Its in a small rural area with Amish community, but only 15 minutes to a hospital and stores. Nice quiet area. Its located in southern Ohio close to Ohio River. The home is all brick. Will sale for 450,000.
that's awesome!
What about Germany??????????? Sir
I’m not familiar with international real estate. Shoutout to Germany though!
$100k in St. Louis is usually in a neighborhood that will get you wacked.
Do you live there? Thanks for commenting!
@@blackrealestatedialogue yes
@blackrealestatedialogue that area of deep South St. Louis has some hipster gentrification going on, but it's also got a major fentanyl problem. $200k and up in the city for sure. $300k if you wanna feel safe. The suburbs $200k up will suffice.
Got it I guess the main distinction is living in a place vs just a rental property. I could see someone have a rental property in an area where they wouldn't necessarily live and maybe buying in those better areas you mentioned. It's always good to hear from locals so thanks for the tip! @@jsb06g
@blackrealestatedialogue Absolutely, I'd say 10 years ago you could definitely find a steal in the city for about $100k, but St. Louis is starting the gentrification trend that the coast had decades ago. I'd imagine by the end of the decade St. Louis will no longer be affordable in desirable areas. Homes that coast $80k before the pandemic are easily $300k.
Hey, you really want to chip in a get one?
The crime rate in these cheap areas is way too high.
Good and bad areas everywhere
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If advertised the properties will no longer cost 100k but more like 700k due to demand. Economics 101. Folks need to build, and or purchase duplexes.
7x? 😅😅
The Detroit property NO FREAKING WAY u can't even go to work in that neighborhood burglars are going right behind and your car insurance will definitely be more than your car payment also the school your kids would have to attend would make u never want to live there and rent maybe 7-800$ than after 6 months there going to have a payment issue cause someone who can afford to live there are struggling
In the video I did mention that I found plenty of properties within a certain price range. So folks should do their own due diligence on the specific neighborhoods. That's an important part of the process. The home I used was just an example and I wasn't saying folks should buy that specific property. I'm sure there are other homes within the price range in decent areas. As for the rent, I looked at what the rents were for other homes in the zip code. Hope this helps. thanks for sharing!
Its ban corporations and llc to buy houses
It’ll never happen
Check crime and drug problems
Research is def key 🙏🏾
3/1 ‘s ?????? That’s why they don’t sell.
Thanks for commenting!
If you wait a year, you will get them half price
Lol why do you think so?
I agree
This guy shows a home and uses projects across town to sell his point. How about showing properties in the immediate areas surrounding the projects you presented.
Maybe this ain’t the page for you. Feel free to create a video more to your liking
@@blackrealestatedialogue sir, your St Louis home example is 25 miles from the new zoo. You're giving terrible advice
@@johnh8705 I’m actually not giving any advice. I’m giving my opinion. Yours is different than mine which is all good. Like I said you’re welcome to create a video of your own that shares the info you want.
Thank you brother, for sharing this info
you're welcome!@@SherwenGaspard-kz7ts
To cold !!
Totally understand lol what state are you in?
Get out of the metro areas and can easily find homes a lot cheaper!!!
Good point!
Detroit Indianapolis Kansas Saint Louis Cleveland
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Oklahoma!
what city?
Nobody don't want to be a sucker and live in an area that's full of crap like crime and so forth what happened in the 60s that means the bus services okay and so forth when when they lived in the seventies and eighties that's when all hell broke loose as of right now public transportation is a must going through the in the areas to downtown and so forth because as of right now I am not going to pick an area that you going to live in and your bus service don't run right from 7:00 they cut down from 7 days a week to to 6 days a week that sucks 5 days a week some people say I'm getting the heck out of the midwestern City specialty in Indiana Indianapolis you got Industries like Indianapolis like Allison Transmission Eli Lilly Ford Motor Company you got other Industries in the area like in the light the commercial food Industries I said Meat Packing in the streets and distribution centers in trucking and trucking and so forth
No thanks
Thanks for commenting!
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Those areas are in horrible neighborhoods extreme High poverty extreme high crime definitely break-ins don't do it
Very important to look at the individual areas. My goal was to show folks there are more affordable places. The next level of research is getting on the ground and scouting out the neighborhoods themselves and choosing the best one possible. Thanks for the comment!
I stay in GA but areas for that price is not going to be in good areas…the point is the cash flow and the rent you get for the price…I have plenty properties in bad areas making me a lot of $
yep, I agree just because you wouldn't live there doesn't mean someone else wouldn't! I would not live where any of my properties are. And whether I'd wanna live there is irrelevant. Like you said it's about cashflow@@kbeezy7417
There is always someone that will buy. Look is what happening in these cities with gentrification. Criminals and the poor will get pushed out eventually.
Midwest is overpriced.
Compared to where? I think folks from the coasts would disagree lol
Not compared to the South
Aww naw
Thanks for commenting!
Hate to be rude here, but just forking GREAT, dude. 🤦♀️ Leave NO place for the middle class to stand a chance at owning a home. THANKS. 😢
It’s all good thanks for sharing. Do you live in detroit? Have you looked at homes for rent there? I did a quick search and that’s what I found
Ashley, please don’t “speak 4” us ever a-forking-gain.
@@blackrealestatedialogueI normally respond “welcome to being black but don’t be such a victim” 😂
Equal opportunity redlining 😊
Yikes!@@dxpdigital5343
@@blackrealestatedialogue
Yes I unfortunately the same issue for many black folks are still in pov many outsiders yee loving in and building there construction allover downtown ?
All three of these cities are trash and crime is off the charts. I wouldnt want to buy, rent, or live there!!!
Every city has good and bad areas. Believe it or not people are making money in real estate everywhere. Quite a bold statement to make such a claim for an entire city. Thanks for watching!
Ghettos!! Please!
every city has good and bad areas. And in all of these cities listed as well as all over the USA, folks are making money in real estate. In good areas and "bad" areas. All depends on the individual's strategy. thanks for commenting!
Dayton ohio $8,000-20,000
Dayton is great!
The applicant should have a good payijobb4i would even considerer renting a 900 to 11100 dollar negative is probably what go the previous owner into foreclosure
In some of these cities most jobs don’t pay crazy money that’s part of why the rent is what it is, finding good tenants is all about proper screening