Maximizing Rental Income with PadSplit | Real Estate Investing Goldmine!
ฝัง
- เผยแพร่เมื่อ 5 ก.ย. 2024
- Join us as we explore a potential real estate investment property in Phoenix, Arizona with the PadSplit crew. Discover how to transform a regular rental property into a lucrative income-generating asset using creative financing and PadSplit's innovative rental model. Learn valuable insights on finding the right neighborhoods, understanding target demographics, and maximizing rental returns in solid, yet affordable, markets. If you're looking for real estate investment tips and want to explore the booming rental market, this video is a must-watch!
► Join The Subto Community & Learn Creative Finance Directly from Pace:✌🏼
subto.sjv.io/Y9...
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.c...
► Subscribe To My Second Channel:
/ @keepupthepace1
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepod...
► The Ultimate Exit Strategy for Subto Deals:
splityourpad.com
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercomm...
-----------------------------------------------------------
► Get Our Vulcan7 Code:
www.vulcan7.co...
► Get Our BatchLeads Code:
batchleads.io/...
► Get Access To Privy
Startwithprivy...
------------------------------------------------------------
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
LinkedIn: / pacejordanmorby
🗝🗝 FREEBIES 🗝🗝
📑 FREE assignment contract: go.www.pacejmo...
📑 FREE wholesale contract: go.www.pacejmo...
📑 FREE cold calling script: go.www.pacejmo....
📑 FREE cold texting script: go.www.pacejmo...
📑 FREE foreclosure script: go.www.pacejmo....
📑 FREE disposition checklist: go.www.pacejmo...
📑 FREE comping cheat sheet: go.www.pacejmo...
📑 FREE guide to pulling a water list: go.www.pacejmo...
📑 FREE guide for taking photos on appointments: go.www.pacejmo...
📑 FREE seller lead form for talking to sellers: go.www.pacejmo...
📑 FREE profit and loss template: go.www.pacejmo....
#RealEstate #Investing #CreativeFinance #Subto #RealEstateInvesting #PropertyDeals #RealEstateTips #Finance #InvestingTips
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY ❎
![[Re:all TREASURE] EP.6 in 방콕ㅣ🚩 쩡캠의 방콕 투어 빵 마이 와이 👍](http://i.ytimg.com/vi/uyFw-nItA_s/mqdefault.jpg)
This works well and its how some of us keep buying with today's rates . The challenge is keeping everyone happy so they renew and keep the vacancy low .
Me eyeballing properties wondering how to get the HVAC to work and then Molly says minisplits and I feel like an idiot as I sit at my cool minisplit cooled desk
HAHAHAHA Thats hilarious
Love these videos - you can always find answers to any of your questions... THANK YOU !
One of best video walk throughs you have done!! Love this Pace and Molly!
So this is house packing as a service excellent concept
finally found someone talk about C neighborhood
"Fk your dining room, that's a bedroom" - Padsplit lol
This is for sure a golden nugget wrapped with love. Thank you, Pace, you are greatly appreciated!!!!!!
pace is freaking hilarious 😆
Valuable info, thank you for this walkthrough Pace and Molly!
Love this video do more different properties
This is something I’ve been thinking of doing with my home and adding an extra bedroom. This is definitely inspiring me.
Go for it!
I love what your teaching me 😀😀
You’re
I love this model, but not sure if it will work in my County. They posted a single family house violation on a friend's SFH used for student rental....
This is Gold. If the seller will not give you the deed can you buy on a lease option and then sublease to multiple tenants?
Minus Utilities, pest control, yard work?
3:24
5:28 Blue Collar
Hi Pace and entire Staff.. I Love your Variety of Important Topics ...I was Born in Lampasas, Texas, but actually grew up Sierra Vista, Arizona...Part of my Family is still there in my Parents Home(Brother). I really Love a variety of important Topics that you make People aware of..Arizona Guys like us pretty Cool 😎..I will be coming back home soon...It is so hard to find really good Companys Overheadprojektor, I gave it up...Only a few understand our Strategy...It is all about Growing together..Germans like to do everything alone, a little wierd...Can you Please give me access to a Good Transaktion Coordinator???I I
I think Abraham gray do this all the time in Atlanta
Yes he does!
What kind of insurance do you have to carry.
I am from northern virginia and i know a single family home was renting by the room it had 9 bedrooms; the county came in and shut the operation down claiming the property was meant for a single family and was being used by too many indiviuals in the home. Has anyone else faced this i am sure padsplitting will not work in specific counties like these or am i missing something
Thinking about doing this for my 6 bedrooms property in Colorado.
Did you do padsplit yet?
We call those vines "kudzu". It's an invasive species from east Asia.
A Hialeah special 😊
Yes. In Miami... its done illegally.
Molly is amazing
Didn't take out for taxes or insurance..... $3290- minus other expenses.
What about parking bothering the neighbors, etc. !
Just checking all facts. I enjoy the information, certainly. Thank you.
Also, what is the situation with heating and aIr conditioning ... keep the thermometer set at one setting for the entire house - or must you put in mini-splits in each room so everyone controls their own temperature?
Wow! Definitely going to look into this for my properties
Nah. This is a nightmare for some tenants renting and for the neighbors around the homes being split up. In the long run, the drama just isn’t worth it. Especially in cities like Atlanta where the quality of neighborhoods don’t vary very much. Bad sections are usually centered around apartment complexes and not entire neighborhoods like in a city like Chicago. The first I live in and the latter I’m from. I’ve lived in Chicago, Los Angeles, New Orleans, New York City, outside of D.C. and Atlanta. It could work in Chicago and LA maybe New Orleans. You know places where renting to transients and impoverished citizens who have a verifiable income is normal. But Atlanta is not one of those type of cities. It’s a nightmare here for situations like this. It would have to be a screening process. And everyone here carries a gun. It’s open/concealed carry. The home owners insurance would go through the roof or they would simply not insure you. Like a home with a recording studio that’s in a regular neighborhood. They won’t insure all that extra shii. I had one. I know. Yeah you could make more cash but it won’t last.
Thanks for this Pace! I’m in West Philly and operating a 3bed/3bath (private) mid-term, but i dont necessarily double the income, more of like 35%. It’s in a C neighborhood, surrounding areas are of high crime rate, but the block is pretty quiet surprisingly. 10 mins drive from UPenn Hospital. Still trying to make it work! and what are your thoughts about renting to a local? I had one and it was a pain in the ass, might be an isolated case tho.
This is a good question, ask this in the free FB group paceapproves.com/freefb-ytc
Molly is Jack Bauer
But seriously... she kind of is.
No rules against max # of unrelated people in a home there? Parking is also an issue as others mentioned. Also have to figure how you'll allocate utilities/internet/etc.
Hey Neil, PadSplit has an interesting lease structure that helps with the # unrelated people per municipality. You can limit the # of cars at your property. I have a 7 bed, I cap it at 4. PadSpit advertises to people who drive until they are filled, then PS advertises to tenants who use public transit. You dont waste advertising $ and you dont have 7 cars outside
@@nicolasbowers245 I can't imagine any lease structure legally overrides max people per property. If something is written up it's probably super sketchy/gray area.
Parking, you need parking for 8 vehicles. Do some tenants park down the street?
Only half the tenants have vehicles. Based on their analytics.
Who pays utilities? 🤔
The city lets you put 8 people in a single family with ? Rooming house?
I’m thinking of doing a pad split on 1 acre of my 5 acres in louisiana and a tiny home/mobile home park on the other 4 acres
Grant is going to crap his pants
My guess on the budget is 38k
How much does the reno cost on these things by adding rooms, walls, etc..?
Whats the average price for a studio or one bedroom apartment in comparison to the $795 avg per room?
So parking doesn’t matter? Where will all those cars park?
Was this property near public transportation?
Will this work in kent wa?
I am ready to do padsplit here in San Antonio tx. Already spoke with mandisa.
How do I buy the mentorship . I’m very interested
Here's the link: paceapproves.com/subtoyt
I want to start Pad Split @Pace ❤
This video should be title, how to become a total peice of $#1t
What? Padsplit increased their fee from 12% to 15%?
That's too high because the house needs to be cleaned twice a month. It's necessary to inspect the house, you also need pests control, etc.
Even 12% is a little too high.
Padsplit is a great idea but not at 15%!
🙏🏾🤝🏾
Just Because you CAN doesn’t mean you SHOULD!!😢 modern day rooming house
It fills a need. These are usually for temporary situations and works for those people.
Bruh, I thought he was joking about the Homeless Onlyfans, wtf, lol
Oops Overseas, Sorry
I like your videos, but you could clip out 50% of this video. Its a little to slow.
Cant make everyone happy.... other comments tell us we dont show EVERYTHING. So... not sure how to make everyone happy.
Definitely don’t rent anything by sky Harbor. Not even short term. JUST DONT….
I have a deal in memphis 38114 do you buy there?
Pace you’re being greedy lol
greed or meeting a need while creating income. People need affordable accommodations. If it works for them it shouldn't bother anyone else. Streets NO Motel $$ Couch Surfing 😝
So pad split is basically airbnb long term?
Be super careful, it’s gonna be a nightmare when u need to exit through a sale. Low income residents will likely trash your place plus all the reconfiguration that needs to be undone then restore to a regular home. All the extra cash flow for a decade may just go poof. At the end, u worked extra for the contractors.
It won't go poof if you make that cash flow make you more money.
Pad split tenants only stay on average about 8-11 months, and it’s managed by padsplit, so if there is one trashy tenant they will most likely be kicked out and refilled. Go watch the free padsplit training pace did. They go really in depth and it’s really helpful