30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah | BP Podcast 356

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  • Опубликовано: 13 янв 2025

Комментарии • 427

  • @OWLBEARstudios
    @OWLBEARstudios 5 лет назад +252

    I've watched almost every BP interview and this is HANDS DOWN the best guest I've seen!!

    • @kwame176
      @kwame176 4 года назад +5

      Agreed

    • @kwame176
      @kwame176 4 года назад +7

      He has something new to bring to the table to where the interviewer is learning from him.

    • @michaelyoung4328
      @michaelyoung4328 3 года назад +6

      Just sharing knowledge in a niche with experience vs slinging product like many guests.

  • @anmarkowski
    @anmarkowski 5 лет назад +257

    Please have more guests like this! Legit experience. Not fear mongering. Doing good in the world while taking care of yourself. It doesn't have to be either or.

    • @justSTUMBLEDupon
      @justSTUMBLEDupon 5 лет назад +11

      Anna Markowski EXACTLY!!!
      I think this guy just chanced a few thousand people lives just now. If more people can execute this, so many people can be helped and so many people can also create wealth all while helping people

    • @majybah
      @majybah 5 лет назад +1

      Please do

    • @malcolmskinner3117
      @malcolmskinner3117 4 года назад +4

      Laura Amour I'm just glad that the guest spoke to and for a people who to suprise of some racist stereotypical types that are ignorant and stupid and dont think.Thats what's wrong with people they dont think they assume and haven't had the whole experience with other human beings outside of themselves - if you get my drift?Yet, like this guest said, they(section 8 renters or low income) want the same things that anyone else would want for their children and families.They dont want to get shot at no more than anyone else wants to get shot at.They dont want to live in a shabby hell hole.FACT! SUPRISE! SUPRISE! SUPRISE! To all the foolish and assuming people.

  • @shelleygreyrealtor
    @shelleygreyrealtor 5 лет назад +81

    This is my favorite show. I've watched it at least 8 times. He's an amazing guest with tons of valuable and useful knowledge. I invest in Los Angeles county and he has given me info that I recently have used and have truly opened my eyes to opportunities near me. So happy you all did this.

    • @Zerokool55
      @Zerokool55 2 года назад

      I am here too, care to pass along some of the knowledge? 😁

  • @lovestarr823
    @lovestarr823 5 лет назад +180

    The most knowledgeable episode I have viewed so far on this show! As a beginner investor, I wanted to find a way to do it while giving back and this strategy with Section 8 is what I have been looking for. God bless this man and his heart!

    • @lovestarr823
      @lovestarr823 4 года назад +13

      @behindeverybladeofgrass uhh yea...giving people who are low-income a NICE and SAFE place to live is giving back.

    • @franklintyler4652
      @franklintyler4652 2 года назад

      @@lovestarr823 it’s not done out the kindness of his heart… he’s getting paid. Also, if you pay taxes then you helped the people actually. Any money the government uses for charity came from your paycheck.

  • @tessysingh1327
    @tessysingh1327 5 лет назад +18

    I loved Joe Asamoah's philosophy of thorough screening for Section 8 families with children who are growing and want stability and want that social mobility of moving into a decent well kept home in a decent neighborhood and landlord who rewards their children's academic success.

  • @thetoughgroup
    @thetoughgroup 5 лет назад +67

    This was a brilliant podcast. Joe is an excellent landlord and this brought so much value.

  • @jennyharris9506
    @jennyharris9506 5 лет назад +80

    This guy blew my mind like seriously life changing hopefully!!

    • @sharlapayton1
      @sharlapayton1 4 года назад

      One of the BEST podcasts I have seen on Bigger Pockets!! Great information. And, I like that he treats his tenants like people...successful business model, low tenant turnover, and a profitable business!!

  • @kanutapretzelini8891
    @kanutapretzelini8891 5 лет назад +56

    Best episode ever. HUD families want to live in safe, clean homes too. Classism and elitism laid to rest.

  • @henrim9348
    @henrim9348 5 лет назад +98

    Tenants are people too (not spreadsheets entries). Love this podcast.

    • @samlowry9521
      @samlowry9521 5 лет назад +3

      depends on the tenant, some are pigs!

  • @karlbennett1886
    @karlbennett1886 2 года назад +4

    Because of Dr Joe he’s the reason my wife and I changed our real estate strategy to go after the Section 8 market. I let too many people talk me out of dealing with Section 8 tenants and they are just regular people just like regular rent paying tenants. I wish you more success Dr Joe and keep dropping gems! Thank you 🙏🏾

    • @romi929
      @romi929 Год назад

      @ Karl Bennett that’s exactly what I am thinking to do also . This podcast was absolutely amazing ! I am in South Florida so I am not even sure if section 8 is a good option here .
      What state did you switch to section 8?
      I definitely want to implement Dr Joes business philosophy into it tho . It totally resonates with me.

  • @ryan_hakes
    @ryan_hakes 5 лет назад +193

    Go to their house to see how they live now before leasing to them ... GENIUS

    • @triad6425
      @triad6425 4 года назад +10

      @Freeway Rick bc the worst people won't do that. Also it's hard to do all of that work in a short period of time. These are renters it's not likely that in just a day or two of notice that they will paint, clean and mow the lawn.

    • @TJ-ko6fn
      @TJ-ko6fn 4 года назад +3

      Yeh man! Now that's thinking!

    • @williamlackey123
      @williamlackey123 4 года назад +1

      Absolutely freaking genius!!!!

    • @levertis1987
      @levertis1987 3 года назад +1

      Wow this is genius I never thought about it like that

    • @cbell3408
      @cbell3408 3 года назад

      It's always about relationships.

  • @joewhite6200
    @joewhite6200 5 лет назад +14

    Incredible! I value all the BP Real Estate Podcasts ( I'm a BP fan!); but this one, blew my mind. I watched it 3 times, to make sure I own, what was taught. Turning 3 beds to 5, he is doing a Super Brrrr. He is really forcing appreciation, allowing himself to concentrate more on the right property & area and less on getting a deal.
    The Section strategies- mind blown!
    So thanks!

  • @lindacarretero726
    @lindacarretero726 5 лет назад +24

    Episode is so good I had to listen to it twice! Very enlightening. I love how he takes care of his tenants.

  • @ladesir4628
    @ladesir4628 5 лет назад +14

    I’m on BP 3-4 hours daily. This My favorite BP episode (by far). The subject matter was incredible. Dr. Joe, thank you for sharing. See you at your workshop in DC

  • @jran7887
    @jran7887 5 лет назад +29

    His customer service is admirable!! Love it

  • @Wanderer25
    @Wanderer25 5 лет назад +28

    Great content as usual. I've rented to section 8. Some were great tenants, a few were crappy. I learned so much about codes and housing laws. It's lucrative if your tenant screening is very selective.

  • @SteveRam
    @SteveRam 5 лет назад +16

    Brandon & Joe thanks for sharing this! It’s awesome to see how other investors are successfully investing in different markets! Appreciate the content!

  • @annbsure8663
    @annbsure8663 5 лет назад +16

    I absolutely love how he manages his portfolio and treat his renters and his process!

  • @RT710.
    @RT710. 5 лет назад +31

    Quality guest and genuine discussion; love the human aspect, you earned my sub

  • @brendan7363
    @brendan7363 5 лет назад +31

    This is one of the best bigger pockets interviews I've heard. Great job! I'm in the DC area and hadn't heard of this investor, however I'll be bringing him deals soon.

    • @Eric3Frog
      @Eric3Frog 5 лет назад +1

      Brendan I’m in the DC area, too. Please let me know.

    • @2000cez
      @2000cez 4 года назад

      I'm in DC also. Does anyone know the neighborhood he's doing the rehab in this video?

  • @DIY4CFH
    @DIY4CFH 5 лет назад +17

    Amazing interview. Very grateful for this valuable information. Im in the DC area looking to become an investor. Will definitely lookout for Dr.Joe's next meetup. He's the real deal.a million thanks

  • @foxyglobetrotta5794
    @foxyglobetrotta5794 5 лет назад +27

    Awesome interview. Inspired me to step up my game in terms of the management of my properties. Much respect.

  • @nicolebrites638
    @nicolebrites638 4 года назад +5

    This is unbelievable and so educational. The way he nurtures the relationship with his tenants to keep them happy and avoid turnover is genius.

  • @daustin14441
    @daustin14441 5 лет назад +15

    He’s a true “Go Giver”. This a dream biz model for someone like me.

  • @jamesnewkirk6154
    @jamesnewkirk6154 5 лет назад +5

    This guest was amazing! He was knowledgeable, humble, and genuinely focused on taking care of renters instead of only worrying about his bottom line. Please have more guests like this, mind blown!

  • @norvellatastytopia1687
    @norvellatastytopia1687 5 лет назад +9

    Yes, this video was one of the best I've seen. It kept me up until 2am this morning!!!!

  • @juslostone
    @juslostone 5 лет назад +31

    How could anybody even thumbs down this. This is one of those videos that enhanced me and my life

    • @tanieshamax1235
      @tanieshamax1235 4 года назад +1

      Haters smh

    • @dollysware
      @dollysware 4 года назад +1

      I thought the same thing!!! This was on point!!

  • @MrBmic
    @MrBmic 5 лет назад +18

    One of the best podcasts. This was great.

  • @sarahjoylagunzad6159
    @sarahjoylagunzad6159 4 года назад +1

    This section 8 housing concept is blowing my mind. Joe Asamoah is truly next level for real estate and landlord mindset. I love that he builds a relationship with his tenants and the rapport solidifies his investments. I love that he humanizes the tenant landlord process and experience. Thank you for sharing.

  • @kennyjones2482
    @kennyjones2482 5 лет назад +6

    Absolutely appreciated...the value in Joe's experiences are vital...I have and will take to heart giving mother's day and Christmas gifts to my tenants moving forward. Absolutely! Reciprocal responsibility!

  • @talawoods25
    @talawoods25 4 года назад +3

    This man is BRILLIANT! He understands business and human relationships.

  • @nashennaidoo1105
    @nashennaidoo1105 2 года назад +1

    This was such an inspiring video. My take away was the bit about adding value for the tenant. I will definitely do that from now on. The part about the timeshare and tenants having a weekend every year, blew my mind.

  • @ThirtyThreeHipHop
    @ThirtyThreeHipHop 5 лет назад +17

    He Blew Brandon's Mind!!!!!!

  • @charlesyawn3768
    @charlesyawn3768 5 лет назад +6

    I have been doing section 8s for a few years and this guy has an amazing plan right now I have no higher end houses but watching this guy makes me want to use my houses I flip and move them into section 8 thanks for this interview

  • @samewindblowsonusall9925
    @samewindblowsonusall9925 5 лет назад +7

    This is by far my favorite podcast.. a lot of great ideas.. also, I feel like joe is Canadian.

  • @nightcrawlerinmotion2046
    @nightcrawlerinmotion2046 4 года назад +2

    1st time watching and I believe I just learned a decades of information in 1 hour and some change. Thank you for the interview, you have changed my life.

  • @martinsfrancis6328
    @martinsfrancis6328 4 года назад +7

    I love Joe's WIN-WIN Strategy. Look out for others and they in turn look out for you

  • @escargot8854
    @escargot8854 3 года назад +1

    This is the best episode i’ve heard so far. The value of this podcast is to hear different systems. His system is intuitive, unique, and profitable

  • @chingly4006
    @chingly4006 5 лет назад +19

    Amazing human being. Wow

  • @lincomeglobal7875
    @lincomeglobal7875 5 лет назад +7

    top notch. I love the way Joe is doing his thing

  • @smartmoneycafe1057
    @smartmoneycafe1057 4 года назад +6

    Heyyyyy guys it’s Sean from Smart Money Cafe. Me and the SMC community will watch this one a few times. An Excellent guest and excellent questions Guys!! 👍🏽

  • @gnahthe
    @gnahthe 4 года назад +2

    Being diligent about renant screening also is important in building good will among other homeowners in the neighborhood. They want people living next to them that are clean and respectful.

  • @camilleaudain6695
    @camilleaudain6695 5 лет назад +3

    One of the best episodes I've ever seen on RUclips. Please keep interviewing such interesting and knowledgeable guests!

  • @upcyclista2297
    @upcyclista2297 Год назад

    I accidentally mirrored joe’s strategy when i recently bought in DC. i found a gem in a gentrifying neighborhood, rehabbed it from a 2 to 3 bedroom. stumbled upon section 8 applicants when i realised my zip code had a high fmv. thank you joe for your advice on how to keep my tenants happy. hearing this podcast gave me confidence to keep hunting and renting to section 8. DC is a tough market to find deals but they happen once in a while if you’re patient.

  • @mnspowell
    @mnspowell 5 лет назад +1

    This is THE BEST podcast I’ve listened to EVER! Such an excellent caliber investor. His approach to investing and tenant relationship is amazing.

  • @ianthesiow3013
    @ianthesiow3013 5 лет назад +2

    Awesome... TQ for sharing.
    I learn how to appreciate and treasure existing customers.
    Worth listening over and over again...

  • @prettybrwneyez7757
    @prettybrwneyez7757 5 лет назад +11

    I LOVE THIS!!!!! Now that's a landlord!

  • @MRakkar916
    @MRakkar916 4 года назад +3

    Awesome interview! As a owner of 32 units, I’ll be incorporating some of these practices moving forward. Keep the videos coming! Bravo 👏🏽 👏🏽 👏🏽

  • @misunderstoodkj
    @misunderstoodkj 5 лет назад +10

    Joe, you're the best!!! Awesome interview!

  • @DSGLABEL
    @DSGLABEL 5 лет назад +8

    Unfortunately I live in CNY where appreciation is non-existent. However we have a high demand for 4+ bedrooms and handicap accessible. So it may be an opportunity to create more cashflow.

  • @thomasclay5251
    @thomasclay5251 5 лет назад +7

    one of your best episodes, keep it coming

  • @KacyDaGameNerd
    @KacyDaGameNerd 5 лет назад +1

    This method and approach is pure genius. Visiting a future tenants current home is a great idea. Giving Mother's Day flowers and gifts to kids who get Straight A's. Love it!

  • @williamlackey123
    @williamlackey123 4 года назад +1

    Mr. Joe, you are a saint! Wow!!! What pride you have. You are an inspiration!!!

  • @denisa.6541
    @denisa.6541 5 лет назад +61

    People don't relaize how powerful section 8 is. It's a goldmine💰💰

    • @denisa.6541
      @denisa.6541 5 лет назад +10

      @Alana Weaver I'm not sure about your market but where I'm at, I'm able to get higher than normal rents normally about 20% higher with the potential of increasing it legally ofc every year.

    • @jerbear7952
      @jerbear7952 5 лет назад +4

      james funk many races use section 8. Who’s racist?

    • @jeffg6924
      @jeffg6924 5 лет назад +4

      @@jerbear7952 True Jeremy. No matter where you go, you will find section 8 housing. Most neighborhoods tend to self segregate, so your tenants may be of mostly one race or another, for each property. Though, a section 8 is definitely not a race thing. You'll find everyone using it, Asian, Hispanic, white, black, does not matter. What's better is that many section 8 people have government appointed financial managers that pay you for the space and not the people receiving the subsidies directly. In that case you are pretty much guaranteed payment.

    • @adolpholiverbush5867
      @adolpholiverbush5867 5 лет назад +2

      James funk you don't have to be racist to not be a section 8 fan.. in my area a house that would rent for 600 would get about 375 and everyone has quit renting their houses to section 8 because they have ALWAYS trashed them. The wait list around here is a mile long because there is literally nobody that will rent to them.

    • @pawelwisniewski6849
      @pawelwisniewski6849 5 лет назад

      Zack Howard which are is it ? Can you share ?

  • @jhunter387
    @jhunter387 4 года назад +1

    Just when I'd thought that I'd seen every episode, this gem pops up. This was a GREAT show! I don't know how I missed it.

  • @LucifersDeathSquad
    @LucifersDeathSquad 5 лет назад +17

    This was eye opening. I have a very upscale house I'm currently selling instead of renting because I thought it was to nice.

    • @jeffg6924
      @jeffg6924 5 лет назад +7

      While you do that, take a HELOC on the equity to make a down payment on another property.

    • @LucifersDeathSquad
      @LucifersDeathSquad 5 лет назад +5

      @@jeffg6924 - Already did and already got a new property

  • @mase4me2003
    @mase4me2003 5 лет назад +4

    One of the better interviews - a lot of meat for this interview unlike others BP has had

  • @BronxBadBoy777
    @BronxBadBoy777 5 лет назад +3

    Wow!!! What an amazing interview!!!! If only I can find a mentor like Mr. Joe here in Florida.

    • @getmymail2676
      @getmymail2676 5 лет назад

      Harvey hit me back. I am looking at a new investment in Tampa if your interested mfemfemfem@gmail.com

  • @cityparkproperties7001
    @cityparkproperties7001 5 лет назад +3

    Appreciation plays are smart/ safe way to go when your in recession proof markets like DC that is also in high demand.

  • @angelalassiter5905
    @angelalassiter5905 4 года назад +2

    He is an awesome investor, great at spreading the knowledge and what he does for tenants.

  • @albertluna3727
    @albertluna3727 3 года назад +1

    A great Podcast I will be listening to it over and over again and taking notes thank you

  • @vanessarivera6141
    @vanessarivera6141 Год назад

    Easily one of my favorite episodes!!! Keep them coming!

  • @enor23136
    @enor23136 5 лет назад

    This is single video has TOTALLY changed my view on rental properties and the tenants therein. I can't thank you enough as host(s) and guest.

  • @khadijahwashington168
    @khadijahwashington168 11 месяцев назад

    i love this interview and this approach. I never considered the recession proof of Section 8 voucher program.I love the idea of building a long term relationship with renters. There are good tenants in every income bracket

  • @dhenson
    @dhenson 5 лет назад +2

    This was such a wonderful interview! That man is an absolute delight and I hope he continues to do great things! Thanks fellas!

  • @celenagreen
    @celenagreen 5 лет назад +2

    I wish I had heard this when I was considering landlording few yrs ago. This is great!

  • @ritaharris8035
    @ritaharris8035 5 лет назад +2

    My mind is blown. This man's thought process is amazing.👍🏾🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾

  • @nicoleellis8118
    @nicoleellis8118 3 года назад

    This guy is the ultimate dream landlord. So happy to hear that there are landlords that take care of their less fortunate tenants

  • @tavarescampbell6062
    @tavarescampbell6062 5 лет назад +1

    One of the best guest yet!!!

  • @ThaRealERAQ
    @ThaRealERAQ 5 лет назад +7

    The only weakness to that strategy is it relies on govt subsidies but as that feeds many investors and provides housing for the needy neither party is likely to change it. Flawless victory

    • @reyessuarez4978
      @reyessuarez4978 5 лет назад

      ThaRealERAQ so who pays the rent ? The government?

  • @mazeikateam4527
    @mazeikateam4527 5 лет назад +3

    Bigger Pockets is great! They definitely inspired the creation of my videos for investing in real estate and a podcast

  • @judithschenk5148
    @judithschenk5148 5 лет назад

    Wow, I sure am glad that I caught this show today! This guy Joe Asamoah has shared lots of win win tenant retention ideals and I like that his interviewing tenant process also includes visiting their home to evaluate their housekeeping and lifestyle.

  • @mirandamoloto657
    @mirandamoloto657 5 лет назад +1

    One of my very BEST of your podcasts! He is a MAster at being Landlord. Taking some lessons here

  • @arizonalifestyle79
    @arizonalifestyle79 5 лет назад +6

    Great podcast one of my favorites

  • @tl3848
    @tl3848 5 лет назад +4

    What a great podcast, he was dropping gems...

  • @alvarohernandezEVO
    @alvarohernandezEVO 4 года назад

    This guest is such an inspiration for putting hearts in the numbers without loosing track of the path. I loved this episode!

  • @ouma9561
    @ouma9561 5 лет назад

    wow I am so blown away as to how great Joe Asamoah treats people. This was so amazing to watch!

  • @tonyoasis4081
    @tonyoasis4081 5 лет назад +3

    That was deep bro. By giving yourself a title you will subconsciously strive to become that!

  • @jpcleveland1839
    @jpcleveland1839 4 года назад +1

    This has probably been my favorite and most influential interview by far.
    Here’s one thing - fundamentally isn’t the idea of section 8 to be temporary? So when we’re talking about tenants staying 15-20 years in the same property...isn’t that sort of working against the idea of people becoming self-sufficient?
    Enabling people who are doing their best to have a peaceful and quality is home is what it’s about. No doubt the children that grow up in these homes are going to be better off and more productive citizens because of the better environment...

  • @RichHollyG
    @RichHollyG 2 года назад

    Good question at 57:57 with a great answer!!

  • @alexangeli286
    @alexangeli286 5 лет назад +1

    Very uplifting, educational, & motivational episode. Love it!

  • @donsesso
    @donsesso 5 лет назад +1

    Definitely one of the best I've listened to on bigger pockets. He's doing great things for his community and not just himself. #nuggets

  • @kimmyk5795
    @kimmyk5795 4 года назад +1

    This is the most phenomenal episode I have watched on this show! This man dropped alot of Gems💎💎💎

  • @scorpionbradford
    @scorpionbradford 5 лет назад +1

    I just subscribed ! Joe is an innovator. Turner, I am going to pick up your book also. Thx for this informative podcast.

  • @alisjordan9206
    @alisjordan9206 5 лет назад +1

    Awesome podcast! He's speaking all of my goals! Awesome show! Great notes!

  • @stellacharlespedersen5995
    @stellacharlespedersen5995 4 года назад

    Love this show I am definitely signing up and Dr Joe Asamoah well, all I can say is that you are Great!!! I have found a mentor. Thanks Brandon and David. Kudos from the UK

  • @joelhinojosa6838
    @joelhinojosa6838 5 лет назад +16

    This interview was excellent, goes back to great customer service. Where can I look up what sec8 pays for rentals.

    • @biggerpockets
      @biggerpockets  5 лет назад +9

      Google "your city + housing authority rents" and see if you can find rents online. Or call your local housing authority and say "I'm interested in renting to Section 8 voucher holders. Where can I find the rents based on number of bedrooms?"

    • @luckycharms538
      @luckycharms538 5 лет назад

      Very Informative Interview..He shared awesome tips on his RE investing model with Section 8 program and treating people with respect and providing a beautiful home.

  • @nancyhoulihan4720
    @nancyhoulihan4720 5 лет назад +8

    I love my tenants they manage my properties.

  • @mmembreno3794
    @mmembreno3794 4 года назад

    This was awesome. I just started watching your vids and signed up to the website. I’m learning so much from all of you.

  • @reubenmiller7988
    @reubenmiller7988 5 лет назад +1

    This guy is one of the smartest real estate investors ever. With that said we are paying for his tenants to live in nicer houses than most people do

  • @Philjoe
    @Philjoe 2 года назад

    Great interview! Joe answered the questions clearly and offered insight. Thanks.

  • @egilrockreckords710
    @egilrockreckords710 5 лет назад +5

    Watch the editing error around 25-36 min mark. David Greene asks the same question twice. Simply FYI

  • @stephenhodge6441
    @stephenhodge6441 5 лет назад +1

    One of my favorite episodes. This guy is great

  • @melodeelucido1446
    @melodeelucido1446 4 года назад

    Absolutely BRILLIANT episode. Joe is a saint in the investor world. I wish more were like him. I have strived to hold to his principles in my landlording. I don't hear his language often. I will listen to this again :-D

  • @Heart4KidsNonProfit
    @Heart4KidsNonProfit 3 года назад

    OMG Soooo good so timely. This is what I need to jump in the ring. Thank you Joe and thank you Bigger Pockets. ❤

  • @tooeazeful
    @tooeazeful 4 года назад +1

    I love the part where he talks about putting stainless steal in unit to compete with condos that dont sell. So true in dc

  • @CarlLaneNY
    @CarlLaneNY 5 лет назад +1

    So inspirational! This dude is awesome!

  • @kwame176
    @kwame176 4 года назад

    This was beyond fantastic. I loved this so much I watched it 3 times.

  • @lilmissunshine83
    @lilmissunshine83 Год назад

    Hands down thought I had my strategy, I’m pivoting to use this method. I specialize in section 8 management this will work 💯!

  • @nicoleellis8118
    @nicoleellis8118 3 года назад

    I will be like you and follow in your footsteps on taking care of my tenants ❤
    While Making sure the tenants are reliable and responsible before renting to them.