Published: 2024-10-09
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A studio apartment addition or conversion project can be completed for under $50,000.
"you could definitely just do a little studio apartment and rent that out for less than 50,000"
Pending
Capital expenses, repairs, and maintenance costs will be significantly lower for a new unit built into an existing property compared to acquiring an older, separate property.
"your Capital expenses your Pairs and maintenance should be way lower than going in and buying another property that isn't brand new"
Pending
By purchasing a property with a dual purpose (flip or rental conversion), an investor can secure cash flow from the property even if the initial flipping strategy is unsuccessful due to market changes.
"purchase a property that could be converted into a rental if the flip doesn't sell so you're going to buy this property knowing that you could either flip it or you could rent it out so if the market changes your flip doesn't sell you have that security knowing that you can cash flow off of you know turning that property into a rental"
Pending
A successful property flip will return the initial $50,000 investment plus additional profit, which can then be reinvested into purchasing rental properties.
"but if the flip sells then that gives you your $50,000 back plus hopefully a little more capital from the profit and you keep building that to dump into buying rentals then"
Pending
Forming a 50/50 partnership to combine $50,000 each for a total of $100,000 will open up access to more real estate markets and enable investment in more stable property classes.
"I would just try and partner with someone I would try and find a 50/50 partnership where you would have a combined 100 Grand to invest to me that opens up a lot more markets first of all add just like gets you in a different class of property that I think is a little bit more stable"
Pending
With $90,000 of investable capital (from a $100k partnership after closing costs and reserves), it is possible to purchase a cash-flowing duplex for $360,000 or less in dozens of markets.
"if you have a 100 Grand even with a partner I think that gives you... 90 grand to invest that means you can buy a property worth 360... I could tell you dozens of markets where you can probably buy a cash flowing duplex right off the MLS for $360,000 or less"
Pending
Partnerships in real estate investing will provide access to better quality assets and more experienced operators.
"it just gives you access to better quality assets and operators too like people who already have experience like the knowledge of someone else"
Pending
It is possible to find a good quality house-hacking property for under $400,000 in numerous markets across the South, Midwest, and Northeast regions.
"in a lot of markets in the south in the midwest in the Northeast you can find a good highquality property in a good market for under 400 Grand"
Pending
By house hacking, then moving out and converting the property to a rental while retaining the 30-year fixed rate mortgage, investors can create a 'domino effect' to acquire additional properties. Utilizing a Home Equity Line of Credit (HELOC) on the first property before moving out will provide funds for future rehabs or purchases.
"you move out and turn it into a rental your 30-year fixed rate mortgage stays on that property... then you go and you move in to the next property and then you move into the next property... then they just keep doing the domino effect and then you have you know your that line of credit from the rental to actually go and use for rehabs or things like that too"
Pending
Investing in rural towns will result in significantly less investor competition, lead to mortgage paydown and some appreciation over time, often provide good cash flow, and maintain low vacancy rates due to high demand and limited apartment availability.
"look out into little rural towns go outside of those major metropolitan areas and start looking in the more rural areas... you have no competition really way or way less competition of investors there and just over time they will have you'll have mortgage paay down on them you'll have a little bit of appreciation but you can often find good cash flow in those areas too and like sometimes there's um not a lot of apartments available so you don't really have to worry about vacancy because there's so much demand"
Pending