There's all kind of livable houses for even $30000 or less. Maybe 20 minutes from your major cities. And that's retail prices, if you go to a tax sale fire sale bank auction, you can get a 60 or $70000 house 425 or $30000, but the bottom line is they all do the same thing they provide shelter and warm from the cold. Some of them might need a little paint or a little small bit of work. You can do yourself, but why pay 100 200 or 300000? When you could have that money in the bank for investments.
@awwskit9753 Lol. But you know...🤔 There wasn't too much in a lot of areas in the surrounding San Bernardino location. This also goes for Riverside county and even the outskirts of LA County Antelope Valley. But the ones who planted their flag when houses were less than 100k and even in our most recent real estate bubble had burst in the mid 2000's when prices came down and touched the 100's again... These people are the ones sitting on hundreds of thousands in equity. I guess, in stare like Cali it's more of a measured and calculated risk to buy in places like Coachella for the potential future equity piece of it. But in mid and southern America, investing in those areas of the country would probably be a safer play to invest for higher ROI's. If you can get a house or suplex for 50k and rent it out for a $500-1,500/mo return then that's a homerun because we WON'T be seeing that type of passive income in Cali. 😏
Hello, is it a good time to buy now? Prices are dropping but what I'm seeing is an in the sq ft; for a 1088sq.ft home, they're charging $198 a sq ft. Is that reasonable Thank you Texas
I can’t advise you on your personal situation and what to do but here is what I will say. Think about your goals for example is it a home to live in or rent out, then look at the cost and if it’s something you can comfortably afford (in either scenario). That’s a good place to start and you may want to also chat with a lender and agent. It’s always a good time for somebody to buy, just depends on the scenario.
Newbie here lol! I concur I also researched a city in Tx.the City Planner had a slide deck of a strategic plan for the next 5 years. I even found the Improvements and Revitalization Guidelines Plan to assist me with investing. Good pointers.
Subscribed! You got me! After watching this video I looked around in a few other areas of my state for the fastest growing cities and why. Then I found my own town, lol. I was wondering why a property I had just bought back in Jan appreciated in value so quickly in the last 6 months. Well, I went on the county website and saw they had announced many new things coming to downtown, lol. New bike paths, restaurants, community development and employers. I'm just going to keep investing here now. Thanks for opening my eyes to this goldmine. Great content.
Another reason why Louisville is a good area to invest in: job opportunities across the river in Jeffersonville, IN. I used to live there and am very familiar with the Louisville mentality. People in Louisville will travel for work, regardless of whether they have a car or not. Jeffersonville is a port city and has millions of dollars of improvements happening right now, along with an enormous warehouse park that is still being built out with tons of jobs. Meta is building a data center there as well. The cheap houses in Louisville aren't in the greatest areas but they're not totally horrible.
My little town has big corporate buisnesses to support local buisnesses they aren't building anything not enough ppl but there is two universities no public transit no need no hifhrises no low income housing
Yes it wasn't necessarily the stability or healthiness of the house but the reason why they cost so "low" was because of the way they looked, not nasty or run down but not a first choice either.
How would a new investor set a business to start to acquire rentals? Or would you suggest just doing the first couple rentals in your personal name? Thanks!
I love this question. A big misconception is that you must start off having your homes in an LLC but it's not necessarily true.You can have up to 10 homes in your personal name. In some cases having an LLC makes it harder to get bank loans and sometimes the rates are higher. For certain loans programs, they must be in your personal name. Ultimately it's up to you, but don't feel like an LLC is the only way.
We are so close to 10k subs! Take a moment to subscribe! It's free 🙂
There's all kind of livable houses for even $30000 or less. Maybe 20 minutes from your major cities. And that's retail prices, if you go to a tax sale fire sale bank auction, you can get a 60 or $70000 house 425 or $30000, but the bottom line is they all do the same thing they provide shelter and warm from the cold. Some of them might need a little paint or a little small bit of work. You can do yourself, but why pay 100 200 or 300000? When you could have that money in the bank for investments.
Not in the surrounding Los Angeles areas
Very well said! Thanks for sharing!
@awwskit9753 def not. However, last time that I checked if you go to areas like Coachella 🤔 you can see 100k or less I believe.
@@Theorytheorythesis I can see that probably because it’s nothing out there.
@awwskit9753 Lol. But you know...🤔 There wasn't too much in a lot of areas in the surrounding San Bernardino location. This also goes for Riverside county and even the outskirts of LA County Antelope Valley. But the ones who planted their flag when houses were less than 100k and even in our most recent real estate bubble had burst in the mid 2000's when prices came down and touched the 100's again... These people are the ones sitting on hundreds of thousands in equity.
I guess, in stare like Cali it's more of a measured and calculated risk to buy in places like Coachella for the potential future equity piece of it. But in mid and southern America, investing in those areas of the country would probably be a safer play to invest for higher ROI's.
If you can get a house or suplex for 50k and rent it out for a $500-1,500/mo return then that's a homerun because we WON'T be seeing that type of passive income in Cali. 😏
Crazy my guy is doing his first flip in Louisville. Good market!
I wish him the best!
Check out sharon and greenville pa homes are really cheap small towns but really nice
Thanks for the rec!
Hello, is it a good time to buy now? Prices are dropping but what I'm seeing is an in the sq ft; for a 1088sq.ft home, they're charging $198 a sq ft. Is that reasonable
Thank you
Texas
I can’t advise you on your personal situation and what to do but here is what I will say. Think about your goals for example is it a home to live in or rent out, then look at the cost and if it’s something you can comfortably afford (in either scenario). That’s a good place to start and you may want to also chat with a lender and agent. It’s always a good time for somebody to buy, just depends on the scenario.
Newbie here lol! I concur I also researched a city in Tx.the City Planner had a slide deck of a strategic plan for the next 5 years. I even found the Improvements and Revitalization Guidelines Plan to assist me with investing. Good pointers.
Welcome to the fam! Proud of you for doing your due diligence. What city are you looking into?
Subscribed! You got me! After watching this video I looked around in a few other areas of my state for the fastest growing cities and why. Then I found my own town, lol. I was wondering why a property I had just bought back in Jan appreciated in value so quickly in the last 6 months. Well, I went on the county website and saw they had announced many new things coming to downtown, lol. New bike paths, restaurants, community development and employers. I'm just going to keep investing here now. Thanks for opening my eyes to this goldmine. Great content.
Welcome aboard! I’m glad you found this helpful. Where are you located?
But, will you get killed trying to collect the rent on these properties? lol. Good video
Thanks!
Direct deposit. Plus send out a handyman, lol. That's what I do.
I know two off hand not far from me in my hometown u can buy a four bedroom 4bath 4acres for under20000
That’s awesome what is the town?
Another reason why Louisville is a good area to invest in: job opportunities across the river in Jeffersonville, IN. I used to live there and am very familiar with the Louisville mentality. People in Louisville will travel for work, regardless of whether they have a car or not. Jeffersonville is a port city and has millions of dollars of improvements happening right now, along with an enormous warehouse park that is still being built out with tons of jobs. Meta is building a data center there as well. The cheap houses in Louisville aren't in the greatest areas but they're not totally horrible.
My little town has big corporate buisnesses to support local buisnesses they aren't building anything not enough ppl but there is two universities no public transit no need no hifhrises no low income housing
Im a truck driver and I've seen jobs in Alabama paying the same, a dollar less than, and some cases more than where I'm at in California.
That’s crazy!
@@blackrealestatedialogue Exactly.
Well is land worth more i bought my house cuz of the land
Bro wassup with your ig page 🤷🏾♂️
Ill never sell my house or rent it ever
There is a reason why they’re so cheap
Why do you think so?
Yes it wasn't necessarily the stability or healthiness of the house but the reason why they cost so "low" was because of the way they looked, not nasty or run down but not a first choice either.
More than likely the area,I live in detroit we have “cheap” houses in the sketchy areas of town
how much are properties in decent areas of Detroit that are not in the suburbs?@@Thatdudeteej
120-200k In detroit but they do have some expensive areas also like grosse point and cork town
My house is small but being handicapped i have no need for a second story i cant do stairs so having all the livable space had to be on one floor
No one especially buisnesses are investing in Chicago
Are this city in us
Yes
Excellent brotha!
Thanks so much!
Didn’t you do this video before? Or was that 100k?
that was 100k 🙂
Great video!
Thank you!
Your welcome!
How would a new investor set a business to start to acquire rentals? Or would you suggest just doing the first couple rentals in your personal name? Thanks!
I love this question. A big misconception is that you must start off having your homes in an LLC but it's not necessarily true.You can have up to 10 homes in your personal name. In some cases having an LLC makes it harder to get bank loans and sometimes the rates are higher. For certain loans programs, they must be in your personal name. Ultimately it's up to you, but don't feel like an LLC is the only way.