(Tenants)

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EDUCATION

#AskJamesWise

Real Estate Broker & Investor James Wise provides free educational content to all who are interested in Real Estate Investing, Sales, Property Management, Personal Finance, Social Media Marketing, Investing using Other People's Money (OPM) & Building Businesses from Scratch. His educational content can be found on YouTube via the #AskJamesWise video series. The concept of this educational content is very simple. Anyone who has a question can simply post them to the comments of an #AskJamesWise video using the #AskJamesWise hashtag and James will make a video answering them.

 

You have questions & professional Real Estate Broker, Landlord & Investor James Wise from Holton-Wise has the answers.

Simply post your questions below using the hashtag #AskJamesWise & James Wise will make a video answering them.

 

Topics of interest are as follows

1. Real Estate Sales
2. Real Estate Investing
3. Rental Properties
4. Online Marketing
5. Insurance
6. Personal Finance
7. Social Media
8. Commercial Real Estate Investing
9. Commercial Real Estate Sales
10. Vertical Integration
11. Investing using Other People's Money (OPM)
12. Building a Business from Scratch
13. Politics
14. Interest
15. Debt Management

 

In this episode of #AskJamesWise James Wise answers a question.

"I have $300,000 cash savings, live with my parents, and currently unemployed with no credit score. Approximately how much annual income could be generated from that 300K if I invest through Holton-Wise and utilize your property management? #AskJamesWise"

 

In this episode of #AskJamesWise James Wise answers a question.

"#AskJamesWise Is renting to college kids profitable or should I stay away from it because they may damage the property when they party???"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"#AskJamesWise Can a tenant be denied after they were already approved?"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"I have had a Cleveland property since 2007.  I bought it to flip and then the market tanked back then.  I have since rented it out a few times to people I knew that said they would do fix-it work for rent (bad idea).  They basically pulled the house apart and never finished any one project and then it took a year to get them out. (while they were living rent free).   I myself am a contractor in Lakewood with a very busy business.  I can never manage to get over there and do any work other than yard upkeep..  You see, when I have the money I don't have the time, and when I have the time I don't have the money.  All taxes are up to date.  

I am finally going to tackle the whole house starting at the end of March to get it ready for market.  I have limited funds , so it is important that I put my money into where I will get the most payback.  My wife and I would like to be able to list this in June or July.  

I guess my question is, " What advise can you give me?"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"I have a good credit score a good credit rating however I am working with a good amount going in however I do not qualify for an FHA loan because I don't have my two years tax returns I do get money every month off a disability and I wanted to purchase a fourplex I'm wanting to incorporate that income to be able to qualify to purchase the 4 plex. can you tell me or do you know of any programs out there that I could potentially submit in  order to get a qualify to purchase a fourplex??"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"#AskJamesWise In September my husband and I bought a home. Today I received a bill for my taxes in the mail. I thought I was paying my taxes wrapped in with my mortgage and insurance. Is there something I’m missing here? Also... aren’t taxes paid after the fact? So, being I moved in September, would I be responsible for the entire portion of that tax statement, or would the previous  homeowners be responsible for a portion? Thanks in advance!!!"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"Yo James. I have a question for you. I own two properties. I'm not making squat on them. I want to get MULTI-family units.  15, 20, 30 units.  That kind of capital is incredible. SO how do I find people to partner on those properties, in order to get started and grow credibility and a portfolio?"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"Nice video James! Thanks for providing your input in my question In biggerpockets.com. My question is about Indy Turnkey properties, is it feasible to make $500 a month on a turn key rental and still have some appreciation. The property should be in an A or B area, given this factors how much are the property that are we looking at here ie $90-100K? Also do you have any referral turnkey providers? I hold a full time gig so I can’t make this my full time job but I am doing my homework due diligence as I don’t want to get screwed by malicious folks. Your input is much appreciated"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"#askjameswise do a video on settlement of the property and the different deeds you can get and what is the best and worst"

 

In this episode of #AskJamesWise James Wise answers the following question. 

"Hey james i have a question for you if a foreigner buys a income producing property in Cleveland how will the rent be paid to the foreign buyer living outside the United States #askjameswise"

 

In this episode of #AskJamesWise James Wise answers the following question. 

#askjameswise Hi James!, I live in Houston TX and have built and sold 6 townhomes from ground up.  I have never been a landlord and would like to get into any type of cash flowing properties.  What would you recommend  I get into?  Would investing in Ohio properties be an option for me since I live far away?  My goal is to have at minimum 10k cash flow to me net per month.  What type of properties would you recommend? Thank you!"

 

In this episode of #AskJamesWise James Wise answers the following question.

#askjameswise Thank you so much for your videos. Those are really helpful. I am planning to start rental business in Cleveland area. I am new. I have no idea. Which area is good for rental business? You said Euclid is very hot place because of Amazon fulfillment center. There will be another amazon fulfillment center at North Randall. Why you don't mention about North Randall? I kinda think Cleveland Heights or University Heights or Solon area. Which property is better? B class neighbor single house? Or B or C class neighbor duplex? 2bed room or 3+bedrooms? Please help me. Thank you."

 

In this episode of #AskJamesWise James Wise answers the following question.

"Windows eventually need replacing. Siding wears out. Counters need replacing. Over, say, a 15yr period of holding one of these C class properties, how much do you counsel clients to allocate towards Cap Ex reserves?"

 

In this episode of #AskJamesWise James Wise answers the following question(s).

"Should Investors buy Houses or Apartments?"

"Should you Invest in Commercial or Residential Real Estate?"
"What are the differences between Investing in Houses and Investing in Apartments?"

 

In this episode of #AskJamesWise James Wise explains to prospective Real Estate Investors the difference between Good Debt and Bad Debt. If you should start investing in Real Estate while you are already in Debt as well as how to get out of Bad Debt and how to increase your Credit Score by answering the following question(s).

"Dear James,

I don't want to waist your time, so as quickly as possible here goes.......was looking at certain houses on west side, duplexes for 30 to 50k. went and talked to my bank and cant get FHA loan even with 10% down. credit at 525 with 1,300 in verifiable income. have the 10% just tell me any chance or just rent and build credit?" 

 

In this episode of #AskJamesWise James Wise shows Real Estate Investors how to identify emerging Real Estate Markets using outside indicators while discussing if it's possible to eliminate risk when Investing in Real Estate. On top of that James Wise Identifies a possible emerging Real Estate Market in the Greater Cleveland, Ohio area by answering the following question(s).


"James, as property values on the borders of a D or C class neighborhood increase where they  meet a B or A class neighborhood, how can you take advantage of the possible future property value increases without exposing yourself to too much risk? Can the property value increases in that area be predicted?"

 

n this episode of #AskJamesWise James Wise answers a landlord's questions about which groups Real Estate Investors can and cannot discriminate against. Sometimes in the Real Estate Investment space cash flow investors can and should discriminate against certain groups of people so long as they are not part of a protected class under Fair Housing Laws.

 

"What do you think of single parents with large number of children, morbidly obese people with mobility problem, terminally ill or mental patients, gang members, people with friends moving in "for a few days"..."

 

In this episode of #AskJamesWise James Wise answers several Real Estate Investor's questions on the Economic Impact that the departure of LeBron James from the Cleveland Cavaliers is going to have on the Cleveland, Ohio Real Estate Market and Economy. James Wise uses real data from when LeBron James left the Cavs to sign with the Miami Heat to predict how Lebron James joining the Los Angeles Lakers will effect Cleveland, Ohio.

Professional Real Estate Broker, Landlord & Investor James Wise from Holton-Wise gives an in depth explanation of the 5 most important reasons someone should buy rental property.

 

1. Other People's Money (OPM)
2. Real Estate Appreciates
3. Cash Flow
4. Tax Benefits
5. Real Estate is Real ( & controllable)

 

In this video professional Real Estate Broker Investor & Property Manager James Wise from #HoltonWise uses a real investment property that he is selling to provide step by step instructions on how anyone can run the numbers on an investment property.

 

Professional Landlord & Property Manager James Wise from Holton-Wie discusses 10 obvious & not so obvious Red Flags Real Estate Investors need to watch out for when they are screening their tenants.

 

Professional Real Estate Investor & Property Manager James Wise explains the bests ways to navigate the intricacies involved in investing in condos including working with, and eventually controlling the HOA.

 

This is the 1st video in a multi part series.

To see part 2 click ? HERE

To see part 3 click ? HERE

 

Professional Real Estate Investor & Property Manager James Wise explains the bests ways to navigate the intricacies involved in investing in condos including working with, and eventually controlling the HOA.

 

This is the 2nd video in a multi part series.

To see part 1 click ? HERE
To see part 3 click ? HERE

 

Professional Real Estate Investor & Property Manager James Wise explains the bests ways to navigate the intricacies involved in investing in condos including working with, and eventually controlling the HOA.

 

This is the 2nd video in a multi part series.

To see part 1 click ? HERE

To see part 2 click ? HERE 

 

Professional Real Estate Investor & Property Manager James Wise explains how you can turn less than $3,500 into a $1 million Real Estate Portfolio in 10 years.

 

In this video Turnkey Real Estate Broker, Investor & Property Manager James Wise from Holton-Wise gives an update on a rental property renovation that Holton-Wise performed for an out of state investor. Renovations like this are key to keeping tenant turnover low which will in turn increase an investor's return on investment. In the video James' references the video that was released prior to this investor closing on the sale of this home. That video can be found below.

 

In this video professional Real Estate Broker Investor & Property Manager James Wise from Holton-Wise stops by the home inspection of an investment property in Garfield Heights, Ohio that he is selling to one of his investor clients. If you ever wondered what happens during the home inspection process this video is for you.

 

 In this video James Wise from Holton-Wise goes over the numbers of an upcoming house flip in a suburb of Cleveland, Ohio called North Olmsted.

 

 In this video James Wise & John Holton from Holton-Wise go over their plan for this house flip in a suburb of Cleveland, Ohio called North Olmsted.

 

 In this video James Wise meets with John Holton to check in on the progress of the 4967 Berkshire house flip in North Olmsted. 

 

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