Hi Jesse, thank you for the content. Question. the 2.5 yr. return goal. Is that strictly based on the amount of your own cash you have in the property? For example, if I get a property with hard money, rehab it, then refinance to a 30 yr. fixed rate and put 10% or 20% down, would I base the 2.5 yr. return on the down payment I have in the property? thanks,
The thing with Section 8 tenants .... the stereotype developed due to how it USED to be.. many of the people on section 8 were horrible tenants and they definitely trashed the homes.. however there was really no reprimand for their actions... they just ended up getting into another 10.00 a month home. But NOW, things have changed... and they know going in, if they screw up they are FRENCH toast and will Never be able to be in the program again... so since they can't afford regular rent and can't afford to live elsewhere they don't want to do ANything to get reported. And going in with one of these tenants I would make it known, ANY issues and they are reported and are OUT! Oh, great video Jesse!~
If a property has been on the market for a year, and started from $425K and went down to $200K, what does that tell you? It is a co-op property in a great town, what kind of things would you look before making an offer?
That would depend on the extent and type of mold. Mold kits are fairly inexpensive at Home Depot, and if it's not to extensive, Concrobium should be able to handle the remediation.
Hello Jesse great video once again. So I've been doing more research and I know you said you like to use your own money, but I found out a method where you use a hard money lender to buy the house, and then refinance with a bank about a year later. This would allow a beginner such as myself to begin investing even though I don't have the capital. I know that for someone with savings like you its not completely worth it, but wouldn't this method allow you to purchase more properties? Would this method be good for a beginner like me? I want to do these types of investments like you do (low income housing, section 8 etc.). Only thing holding me back is lack of capital and I feel that this method could be the difference between doing 4 deals in a year, vs 1 deal every 2 years. Sorry for the long paragraph but I just really want your opinion on this! Looking forward to your next video
I understand the temptation to use private money. In some (rare) circumstances I'm all for it. I'll be putting out a video soon that will go over how I come up with the cash for my investments without going into debt. Good luck and thanks for the comment!
i highly doubt rent is 100/mth for a home. that's ridiculous. he fixes these up first so why would someone demand it be that low. section 8 even pays if for them so wth are you talking about
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your videos are very information dense so the return on investment of watching them is through the roof. thanks so much for the info.
Wow I am in the wrong market. $10k for a house????
your videos are the best I have seen. I'm binge watching them but I consider it time well spent.
Hi Jesse,
thank you for the content. Question. the 2.5 yr. return goal. Is that strictly based on the amount of your own cash you have in the property? For example, if I get a property with hard money, rehab it, then refinance to a 30 yr. fixed rate and put 10% or 20% down, would I base the 2.5 yr. return on the down payment I have in the property? thanks,
Who can buy this houses? Anybody or only investors? Can fannie mae help me or can I bowwor money to build a house?
The thing with Section 8 tenants .... the stereotype developed due to how it USED to be.. many of the people on section 8 were horrible tenants and they definitely trashed the homes.. however there was really no reprimand for their actions... they just ended up getting into another 10.00 a month home. But NOW, things have changed... and they know going in, if they screw up they are FRENCH toast and will Never be able to be in the program again...
so since they can't afford regular rent and can't afford to live elsewhere they don't want to do ANything to get reported. And going in with one of these tenants I would make it known, ANY issues and they are reported and are OUT! Oh, great video Jesse!~
If a property has been on the market for a year, and started from $425K and went down to $200K, what does that tell you? It is a co-op property in a great town, what kind of things would you look before making an offer?
Was that mold growth on the bedroom walls? If so, would you still purchase that?
That would depend on the extent and type of mold. Mold kits are fairly inexpensive at Home Depot, and if it's not to extensive, Concrobium should be able to handle the remediation.
Jesse! I am so so impressed!!Great info and you have great delivery!
I really appreciate the feedback!
The book is no longer available, is there anyway you can email it to me possibly? Thanks for all your hard work.
+StealthWisdom sorry about the dead link. It's working now- www.ukudb.com/investors-blueprint.html
You are the Man Jesse, Thanks for staying active.
of your portfolio what % would you say are section 8 voucher paid?
This fluctuates. Usually 50 to 80 percent.
Your strategy is different, very cool
Hope you and your family are OK, just seen on the news about tornadoes in Hattiesburg. Pray for em..
Hello Jesse great video once again. So I've been doing more research and I know you said you like to use your own money, but I found out a method where you use a hard money lender to buy the house, and then refinance with a bank about a year later. This would allow a beginner such as myself to begin investing even though I don't have the capital. I know that for someone with savings like you its not completely worth it, but wouldn't this method allow you to purchase more properties? Would this method be good for a beginner like me? I want to do these types of investments like you do (low income housing, section 8 etc.).
Only thing holding me back is lack of capital and I feel that this method could be the difference between doing 4 deals in a year, vs 1 deal every 2 years. Sorry for the long paragraph but I just really want your opinion on this! Looking forward to your next video
I understand the temptation to use private money. In some (rare) circumstances I'm all for it. I'll be putting out a video soon that will go over how I come up with the cash for my investments without going into debt. Good luck and thanks for the comment!
Just remembered this video/comment 7 months later haha, I'm anxiously awaiting a new video bro!
how do i subscribe to your mailing list?
those gains, damn
that property would rent for like 100-150 bucks here :v
i highly doubt rent is 100/mth for a home. that's ridiculous. he fixes these up first so why would someone demand it be that low. section 8 even pays if for them so wth are you talking about
Hey Jesse, I really like your contact. Learning a lot! I appreciate it
Awesome vids 🙏🏼
love all of your videos. I need you to put out more content or interview other Fringe Investors.