Zillow tried flipping houses and failed miserably. The amount of money Zillow lost flipping houses varies depending on which news article you are ready. There are articles saying the amount of money Zillow lost flipping houses is in the $300 Million dollar range. There are articles saying the amount of money Zillow lost with their I-Buying platform is in the $400 Million dollar range. There are articles saying the amount of money Zillow lost with the Zillow Offers programs is in the $500 Million dollar range. Some articles say Zillow has lost even more that $500 Million using the Zillow algorithm to flip houses. Whatever the actual house flipping loss is, it doesn't really matter. One thing is for sure, Zillow's house flipping business was a total failure. This shouldn't be a surprise. Realtors have been making jokes about how inaccurate the Zillow Zestimate is for years. In the 50th episode of The Ask James Wise Show James Wise sounds off on his thoughts on Zillow's business as a real estate data company. The false narrative that Zillow is putting Realtors out of business or as some same Zillow making Realtors obsolete. James Wise also discusses how much money Zillow has lost since it was started as well as his thoughts on whether or not Zillow's house flipping failure is an indication of an upcoming housing crash as many other Youtubers in the real estate business have indicated they believe that Zillow knows a impeding house crash is coming and Zillow got out of the house flipping business in order to preserve the Zillow stock price. Finally James Wise ends the show with some dank Zillow memes. Who doesn't love a good Squid Game Zillow meme?
We take property management training for dummies seriously on HoltonWiseTV. With all of the dumb things real estate agents say, you may be wondering, are realtors becoming obsolete? Unfortunately a bad real estate agent is very common in the real estate industry. This is especially true if you are a real estate investor. When you are investing in real estate right now you may come across a horrible real estate agent as bad real estate agent stories are as common for real estate investors as anything else happening in real estate right now. In the 49th episode of The Ask James Wise Show the HoltonWiseTV team has produced one of the worst real estate videos in the real estate agent training industry. This real estate property management training spoof was in response to a ridiculous complaint James Wise received from the Division of Real Estate from the worst real estate agent & property manager we have ever seen. This bad realtor is such a bad property manager that she may be the worst property manager in the world. This video is should help other bad property managers to learn about the property management business in an overly simplified way. This is property management for dummies, literally. Sometimes creative real estate videos utilizing real estate comedy & real estate parody is the only thing a real estate investor can do when they encounter a real estate agent who is this bad at their job of managing rental properties for out of state investors.
Is the next Mayor of Cleveland going to be a radical socialist? Is Cleveland going to be destroyed by a Mayor with a communist agenda that attacks the rights of property owners and real estate investors? In the 48th episode of The Ask James Wise Show James Wise responds to the baseless allegations made against HoltonWise by 2021 Cleveland mayoral candidate Justin Bibb when he held a press conference on the front porch of one of the rental properties in the HoltonWise portfolio in Cleveland, Ohio.
BREAKING Supreme Court decision today on the eviction moratorium. The Supreme Court has ruled the CDC's eviction moratorium unconstitutional. This Supreme Court eviction moratorium ruling is good news for those looking at real estate investing as well as those who believe in personal property ownership. In the 47th episode of The Ask James Wise Show we talk about the Supreme Court's ruling on the CDC eviction ban, what the Supreme Court eviction moratorium ruling means for struggling property owners, when the eviction moratorium is likely to end given that the Supreme Court opted not to lift the unconstitutional eviction moratorium immediately, what property owners rights are during this time, when can property owners begin evicting tenants, what property owners can do with tenants who have not paid rent during the covid 19 eviction ban, why evicting tenants is a good idea and much much more.
When will lumber prices go down? When will lumber prices go down!? For the love of God, when will lumber prices go down!?! 2021 lumber prices are finally starting to fall after soaring during the covid pandemic. The moment millions of real estate investors have been waiting for has finally arrived. No longer do real estate buyers need to google "when will lumber prices come down?" before looking at new construction homes. In the 46th episode of The Ask James Wise Show James discusses how the 2021 lumber shortage led to skyrocketing housing prices that had a major effect on real estate investors nationwide. In addition, James Wise covers the following housing and building questions. How will falling lumber prices affect future housing prices and the housing market? Will we see house prices decline now with lumber crashing? How does the cost of lumber actually effect the pricing of new construction and with prices pulling back, does that mean the costs of new homes will go down? What does all of these mean for real estate investors doing rehabs and BRRRR deals?
As a new real estate investors you've probably googled "how to screen tenants for rental property?" As a new property manager you may have even googled "how to run a criminal background check on a tenant?" If you are renting a property in New Jersey you may be shocked to know that those activities are now illegal. In the 45th episode of The Ask James Wise Show we are talking about the democratic dumpster fire that is the Fair Chance in Housing Act that was passed into law by New Jersey Governor Phil Murphy. This new law makes it illegal for New Jersey landlords to deny renting their properties to violent criminals. It even goes so far as to make it illegal for New Jersey real estate investors to deny housing to murderers. Based on his race baiting with the Juneteenth National Independence Day Act it looks like New Jersey Governor Phil Murphy thinks keeping your tenants safe is racist. In New Jersey the law is clear, despite obvious safety concerns for their tenants landlords must rent their properties to violent criminals whether they want to or not.
Bad realtors aren't good for investors. Real estate investors all over the world are always looking for those amazing investor friendly real estate agents you hear about all the time. How to find an investor friendly real estate agent is one of the most common questions we get here on HoltonWiseTV. In reality, it's very hard to find a great investor friendly real estate agent who is willing to work with investors who are buying cheap properties. Some of the investor friendly agents out there are actually just realtors who are bad at their job. Most of these investor agents are new realtors who will fail. In the 44th episode of The Ask James Wise Show we discuss why it's so hard for real estate investors to work with a good investor friendly realtor. We cover what it's actually like working with real estate agents who work with investors and go over what real estate investors should do if they actually find a great investor friendly agent to work with.
Tenant screening can be tricky for new real estate investors. One of the most common questions new property managers have when they are screening tenants for rental property is if it's ok to rent to a tenant who has an eviction on their record. Previous evictions can be confusing because there are many reasons why the potential tenant may have been evicted by their previous landlord. Maybe the tenant lost their job? Maybe it was a wrongful eviction? Maybe the eviction wasn't the tenant's fault. Thing is, evictions are very expensive. Evictions take a long time. Evicting a tenant is a huge hassle for any landlord. Because tenants who where previously evicted have a higher probability of being evited again we have a zero tolerance policy at HoltonWise when it comes to renting property to tenants who have been evicted in the past. In short any tenant with an eviction on their record for any reason is denied housing with HoltonWise. Despite this zero tolerance policy many potential tenants and real estate investors ask us when it's ok to break the zero tolerance policy regarding tenants who have been evicted in the past. In the 43rd episode of The Ask James Wise Show we go over the 10 most common times real estate investors talk themselves into breaking their no eviction policy when they are screening tenants for their rental properties.
A common question new buy and hold real estate investors ask is "what is the best type of property to buy?" In addition, real estate investors would like to know which is the worst type of property to buy. In the 42nd episode of The Ask James Wise Show, James Wise goes over the best real estate investment properties to buy as well as the worst real estate investment properties to buy.
You are a real estate investor who probably clicked on the 41st episode of The Ask James Wise Show because you are thinking about becoming a landlord. Or, perhaps you are already a property manager who is looking for DIY property management tips. Either way this show won't disappoint. HoltonWiseTV is here to help you become a real estate investor or become a better rental property owner. During the show James goes over 5 things he has learned about tenants during his career as the CEO of the largest scattered site property management company in the Cleveland, Ohio area. From tenant screening to tenant turnover, these are 5 things that seasoned property management professionals can relate to but are a complete shock to anyone who is new to the rental real estate business. From tenants doing drugs to tenants selling sex, these are 5 things you need to know if you want to be successful in rental property management.
Tenant screening is tough. Many landlords wonder how to screen tenants. There are so many aspects to proper tenant screening that it can make new landlords want to pull their hair out. What happens if you make a tenant screening mistake and get yourself a tenant from hell? In the 40th episode of The Ask James Wise Show James goes over 5 tenant screening tips to help landlords and property managers avoid renting to bad tenants.
When learning how to manage rental property many landlords wonder how to screen tenants. Tenant screening is one of the most important parts of being a landlord or property manager. However tenant screening is also one of the hardest parts of being a landlord or property manager. When you are managing rental properties you aren't managing the properties as much as you are managing the tenants who live in the properties. Managing rentals is more of a people business than anything else. The major difference between managing rental properties and other people management focused businesses such as customer service representatives or things of that nature is that property managers cannot go by the motto of the customer is always right. In fact, not every potential tenant should be allowed to be your customer when you are managing rental property. A large portion of the tenant screening process is determining who you should not allow to live in your rental property. In the 39th episode of The Ask James Wise Show James goes over 3 types of tenants that you should never rent to. If you rent to these 3 types of tenants your rental property business will suffer and you are going to hate being a landlord or property manager.
Are you a real estate investor who has ever had any of the following questions? What is the best software for real estate investors? What are the best investor tools to grow my business? How can I find off market properties? How do I build a mailing list? How can I get better deals? Where are motivated sellers? Are there apps for real estate investors? Can real estate investor technology grow my business? How to find off market properties? How to buy off market property? What tools can I put in my investor toolbox? If the answer to any of those questions was yes, you are going to want to grab some popcorn and sit down for the next hour as James Wise goes over real estate investor software called Propstream with the company's founder Burton. This real estate investing app is truly a must have for new and seasoned investors.
In the 37th episode of The Ask James Wise Show James has an hour long discussion with a California based software developer who has been thinking about quitting his high paying job in order to invest in long distance real estate full time.
In the 36th episode of The Ask James Wise Show James is sitting down for an hour long talk with Jason from California. Jason is a commercial Cannabis grower as well as an established strawberry farmer who would like to diversify his investment portfolio by starting a rental real estate portfolio in Cleveland, Ohio.
The Coronavirus pandemic has caused worldwide chaos from a health and economic standpoint. Over 163,000 people have died from the 2.3+ million confirmed Coronavirus cases across the globe. Social Distancing requirements have caused a record number of US businesses to shut down. In response, many states across the US have been implementing Eviction Moratoriums. Millions of people are wondering how landlords and small business owners are going to survive the economic fallout of COVID-19. In episode 35 of The Ask James Wise Show, James sits down with CJ, the Director of Compliance at USREEB to clear up many of the legal misconceptions rental property owners have about all of these Eviction Moratoriums. In addition, the two discuss Coronavirus resources for tenants, Coronavirus resources for landlords, Coronavirus resources for property managers, why property owners should still file evictions, the legal way to help struggling tenants while not violating fair housing laws or ending up the target of a Disparate Impact case. They also go over the steps landlords can use to safely advertised, market, show and rent their vacant rental properties to tenants who are being subsidized by the government on popular assistance programs such as Section 8.
What is a real estate fund? How do you invest in a real estate fund? What type of real estate fund is the best? What risks are involved when you invest in a real estate fund? Is investing in a real estate fund the same as investing in turnkey real estate? These questions and more are answer in the 34th episode of The Ask James Wise Show as experienced fund manager & owner of USREEB Sean Tarpenning, sits down with James to discuss a popular turnkey real estate alternative, real estate funds. Sean breaks down the various types of real estate funds that are out there, including the two most common funds; Debt Funds & Equity Funds.
If you've watched the Tenants From Hell Show you might think nobody has seen more tenant horror stories than HoltonWise. For the most part that's a true. One exception to the rule is jack of all trades investor Brandon Schlichter. From trailer parks to rental properties to laundromats Brandon Schlichter has seen it all. In the 33rd episode of The Ask James Wise Show Brandon Schlichter from Investment Joy talks shop with James Wise about all things real estate. From tenant screening red flags, tenant screening non negotiables, property management practices that work for Brandon to cash paying tenants and slumlords the two Ohio investor's discuss many things about the rental property industry.
Not having enough money to invest in real estate is the number one problem newbie investors face. Are you trying to figure out how to raise enough money to buy your first rental property, but having a hard time getting the loans you need to start your real estate business? Do you want to buy real estate with no money down? Are you a home flipper in need of short term financing? Are you looking for 100% financed real estate deals? Do you want to know how to buy real estate without cash or credit? Do you want to know how to get a loan for real estate investment? Are you a seasoned investor looking for unique ways to raise capital for your latest real estate investment? HoltonWise CEO James Wise is an expert in creative financing strategies for real estate investors. James Wise has done no money down real estate deals. James Wise has learned how to fund real estate deals without using any of his own cash or credit and in the 32nd episode of The Ask James Wise Show James Wise will teach you how to use creative financing to learn how to raise money for real estate. From house hacking, commercial financing, hard money loans, private loans, partnerships and credit cards to seller financing, owner financing, cash, residential financing and creative financing combinations James breaks down 10 ways you can fund your first, or next real estate investment with, or without using your own cash.
In this episode of The Ask James Wise Show James sits down with Mackaylee Beach from USREEB to put together The Ultimate Guide to Grading Kansas City, Missouri Neighborhoods.
In the 30th episode of The Ask James Wise Show James explains why the that wholesalers are the only people who can sell distressed properties isn't true. Many people seem to think that if a house is in need of major repairs they cannot sell it using a Real Estate agent and they must use the services of a local wholesaler. James explains why wholesaling is illegal and why wholesaling is not as effective at selling a property as using an Investor focused Real Estate Agent is. In addition he goes over the four worst properties he has ever sold to demonstrate why hiring a Wholesaler to sell a distressed property is a bad choice.
In the 29th episode of The Ask James Wise show James discusses what Landlords & Property Managers should do when the Tenant's rent is late. Should Landlords & Property Managers work with the Tenant? Or should Landlords & Property Managers Evict the Tenant? When is it appropriate for Landlords & Property Managers to try to help the Tenant vs acting tough and Evicting the Tenant? Is Eviction court really as scary as some new Real Estate Investors think it is?
In the 28th episode of The Ask James Wise Show James explains what Property Manager & Landlords should and should not do when their tenants are fighting or in disputes with one another. Many new Property Managers & Landlords tend to overstep their boundaries. James breaks down why that is the wrong move.
In the 27th episode of The Ask James Wise Show James answers a very common question property managers have about their tenant's pets. What do you do if your Tenant gets a Dog without permission? Do you evict the Dog? Do you evict the tenant? Do you let the dog stay? What do you do when your tenant has a dog even though your lease says they aren't allowed to have any pets?
In this episode of The Ask James Wise Show James sits down with Maureen McCann from Spartan Invest to put together The Ultimate Guide to Grading Birmingham Alabama Neighborhoods.
Free Houses. That's right, you can get free houses in places like Cleveland, Ohio. Detroit Michigan. Indianapolis, Indiana. Birmingham, Alabama & Youngstown, Ohio. But what's the deal with getting a house for free? What REALLY happens when you buy a free (or almost) free house? In this episode of Ask James Wise, James Wise & the rest of the Holton-Wise crew uncover the truth behind all of those free houses you've heard about.
Tenants break stuff, a lot. Tenants breaking things is just part of the property management business. Can a landlord prevent tenants from doing damage to their rental property? As with all things in real estate investing there is no way to prevent negative outcomes 100% of the time but there are things that savvy property managers can do to mitigate the damages their rental homes encounter from bad tenants. In this episode of The Ask James Wise Show expert property manager James Wise from HoltonWise teaches landlords how to harden their rentals. James Wise goes over 5 things that every landlord should be doing at their rental houses to maximize the profitability of their rental properties while simultaneously reducing common property management problems. Subscribe to HoltonWiseTV for more property management tips and best practices. HoltonWiseTV is property management made easy.
If property management tips is what you came for, you are in luck. In the 23rd episode of The Ask James Wise Show Real Estate Broker, Investor & Property Manager James Wise from Holton-Wise goes over all of the different types of paint that are available. He also explains which type & color of paint will work best in a rental property.
In this video professional real estate Broker, investor & property manager James Wise from Holton-Wise explains when you should & should not get an LLC when purchasing rental property. On top of that, James Wise provides real estate investors with the cost to start an LLC in all 50 states along with the cost to maintain an LLC in all 50 states.
In this video professional real estate Broker, Investor & property manager James Wise from Holton-Wise answers a frequently asked question that many landlords have asked. Can you paint the electrical outlets in your house?
There is a better way to invest out of state than turnkey real estate investing. Turnkey providers are often more expensive than mom and pop sellers on the open market. In the 21st episode of The Ask James Wise video the number 1 seller of investment properties in the Cleveland, Ohio MLS, James Wise from Holton-Wise, shows out of state real estate investors how to successfully buy properties from the Cleveland MLS using turnkey services provided by Holton-Wise. If you are interested in investing in the Cleveland housing market from out of town why pay for the turnkey price when you can get the same turnkey service for a fraction of the cost?
Lebron James is not a businessman. Lebron James is a business, man. LeBron is leaving Cleveland, again. Nobody can deny that King James has a huge impact on the Cleveland, area. Lebron James brings eyeballs to the Cleveland region. Lebron James is involved in Cleveland philanthropy. When Lebron James left Cleveland the first time, there was no doubt that The Decision had an effect on Cleveland sports fans. But, will LeBron leaving the Cleveland area have an effect on the local Cleveland economy? Is the Cleveland economy doomed? Is the Cleveland housing market going to fall apart? Is Cleveland going down the tubes? Does the Cleveland housing market need LeBron James? What does LeBron James do for the Cleveland economy? In the 19th episode of The Ask James Wise Show HoltonWise CEO and power Broker James Wise discusses 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 local Cleveland 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 the Cleveland, Ohio housing market.
Tenant discrimination is good. Wow, talk about a hot button issue in the property management business. It's true though, good tenant screening requires the property manager to engage in denying tenants based upon landlord discrimination. As landlords and property managers we should be discriminating against tenants every single day. When a landlord is screening tenants for rental property the landlord's job is to discriminate tenants. At HoltonWise we discriminate tenants every single day, that is our job as a property manager when we are screening tenants for landlords who have hired us to manager their rental properties. The caveat to this pro tenant discrimination stance is that there are legal forms of tenant discrimination as well as illegal forms of tenant discrimination. Landlords should never engage in housing discrimination that violates fair housing laws. A fair housing violation is bad news. Following the fair housing act is a must for property tenant screening. Understanding the fair housing act will allow a landlord to learn how to avoid a discrimination lawsuit when screening tenants for rental property. In the 18th episode of The Ask James Wise Show James Wise answers a question that was sent in to HoltonWiseTV from a new real estate investor. The question is as follows "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?" James Wise goes on to explain the differences between legal and illegal discrimination. James Wise continues with why following all applicable fair housing laws is very important, but does not mean real estate investors should not engage in legal tenant screening discrimination during their tenant screening process.
With over $200 million dollars in Cleveland investment property sales under his belt, HoltonWise CEO James Wise knows a thing or two about the Cleveland housing market. In the 17th episode of The Ask James Wise Show James Wise answers the following question "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?" In addition, 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.
Debt can destroy you and your business. Debt can also help you and your business flourish. Ya see, there is good debt and there is bad debt. In the 16th episode of The Ask James Wise Show James Wise is sounding off on debt after receiving the following question from a HoltonWiseTV fan. "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?" 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. In addition James Wise talks about whether or not 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.
When you're investing in the Cleveland housing market you've got a lot of options. Which investment strategy should you choose? 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? Is the single family loan process different than the apartment loan process? Why are investor loans different for apartments than single family rentals? Which investment strategy is better for long term buy and hold investors? How can investors best utilize their ability to finance using each of these investment strategies? In the 15th episode of The Ask James Wise Show James Wise discusses the differences between buying apartment buildings and buying houses. How people buy apartment complexes is very different than house people buy houses. With the Cleveland rental market being strong for both houses and apartments investors have many options. Which one they choose to buy, is going to be determined by where they are in their investment career and what their investment goals are.
When you are investing in a new real estate market like the Cleveland housing market you may be wondering how you are supposed to budget for repairs. How are you supposed to budget for Cap Ex items when the Cleveland real estate market is different that the market where you live. In the 14th episode of The Ask James Wise Show James Wise is answering the following question on repairs costs in the Cleveland area "Windows eventually need replacing. Siding wears out. Counters need replacing. Over, say, a 15y period of holding one of these C class properties, how much do you counsel clients to allocate towards Capex reserves?" If you are interested in learning more about investing in Cleveland, Ohio real estate, subscribe to HoltonWiseTV today. HoltonWiseTV is Cleveland real estate investing made easy.
If you're looking for information on investing in the Cleveland housing market you are in the right place. HoltonWiseTV is Cleveland real estate investment made easy. In the 13th episode of The Ask James Wise Show James Wise is discussing two new Amazon fulfillment centers in the Cleveland, Ohio area. The Amazon fulfillment center in North Randall and the Amazon Fulfillment center in Euclid. James Wise goes over the effect each of these new Amazon fulfillment centers is going to have on the Cleveland real estate market while answering the following question from a Cleveland area investor. "#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? 2bedroom or 3+bedrooms? Please help me. Thank you." Subscribe to HoltonWiseTV for all things Cleveland real estate.
Rental property owners from all over the world come to buy real estate in the Cleveland housing market for the cash flow. The cash flow properties that are available in the Cleveland real estate market are incredibly attractive to out of town investors due to their low acquisition costs and high price to rent ratio. In the 12th episode of The Ask James Wise Show 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!" Is making $10,000 per month possible in the Cleveland market? How can an investor make $10,000 per month investing in Cleveland housing? How would you like to make $10k per month in passive income with a real estate portfolio in the Cleveland housing market? Watch HoltonWiseTV if interested. HoltonWiseTV is Cleveland real estate investing made easy.
HoltonWise helps investors from all over the world invest in Cleveland real estate. The Cleveland real estate is so popular with out of country investors because the housing costs in the Cleveland, Ohio area are so much cheaper than many parts of the world. In the 11th episode of The Ask James Wise Show 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 #ask james wise" HoltonWise has worked with investors in France to invest in Cleveland real estate. HoltonWise has worked with investors from Canada to buy Cleveland area housing. HoltonWise has worked with investors from Singapore to invest in the Cleveland market. HoltonWise has worked with investors from Switzerland to become out of country investors in the Cleveland, Ohio area. HoltonWise has helped investors in Germany become Cleveland housing owner. You name it and HoltonWise has probably helped an out of country investor do it in the Cleveland market.
General warranty deed, special warranty deed, grant deed, quitclaim deed. There are some many different types of deeds in the real estate business. What do each of these real estate deeds mean? Why are there so many different types of real estate deeds? Are some real estate deeds better than others? Quitclaim deed vs warranty deed, which one is better for real estate investors? Should investors just do a quick quitclaim deed for property or should investor go through the general warranty deed process? These are all real estate deed related topics that James Wise is talking about in the 10th episode of The Ask James Wise Show after receiving the following question from a HoltonWiseTV fan "#askjameswise do a video on settlement of the property and the different deeds you can get and what is the best and worst." If you are interested in learning about the various types of real estate deeds and investing in the Cleveland housing market, HoltonWiseTV is for you. Subscribe today. HoltonWiseTV is Ohio real estate investing made easy.
If you are getting started in turnkey real estate investing you have probably been looking for the best cash flow rental markets in the United States. While looking for the best rental property market you've likely came across the Cleveland real estate market. Turnkey real estate investing in Cleveland, Ohio is very popular with real estate investors from all over the world due to the low costs and high price to rent ratios offered with Cleveland, Ohio real estate. As such there are many turnkey promoters selling Cleveland housing to investors like you. The real question though, how much money can a turnkey investor like you really make when buying turnkey properties in Cleveland? In the 9th episode of The Ask James Wise Show James Wise sounds off on the topic of turnkey real estate investing in the Cleveland housing market after receiving 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" Tune in to HoltonWiseTV today if you are interested in all things Cleveland real estate. HoltonWiseTV is Cleveland turnkey investing made easy.
Whether you are just getting started in real estate or you are looking to scale up your real estate business there comes a time where you might be considering partnering on real estate deals. It could be partnering up with a money partner to buy rental properties. It could be doing a co wholesaling JV. There are many ways to make a real estate partnership. When considering real estate JV's, the common questions that follow are, how to find partners for real estate? How to find partners for investment property? Should I get a partner for real estate investing? How to joint venture in real estate? How to find partners to buy rental property? In the 8th episode of The Ask James Wise Show HoltonWise CEO James Wise sounds off on the topic of real estate partnerships and how to find partners for your real estate deals after receiving the following question from a fan of the show "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?" Watch HoltonWiseTV if you are interested in learning more about real estate joint ventures. HoltonWiseTV is partnering in real estate made easy.
Home loans are a confusing topic for many people. Are your taxes included in your mortgage? What about your insurance payment? Is your insurance premium paid in your mortgage? How exactly do property taxes work and when do you pay these property taxes? These are all real estate topics James Wise is talking about in the 7th episode of The Ask James Wise Show. James Wise decided to sound off on the topic of property taxes and what is and is not paid with a homeowners mortgage after receiving the following question from a fan of HoltonWiseTV. "#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!!!"
FHA loans are not the only types of mortgage loans you can get when buying properties in the Cleveland housing market. In the 6th episode of The Ask James Wise Show Cleveland's top investment Broke James Wise from HoltonWise is answering the following question from a fan of HoltonWiseTV "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??" HoltonWiseTV is real estate in the Cleveland housing market made easy.
Not all home renovations are created equal. Some home renovations will make you a lot more money than other home improvements. In the 5th episode of The Ask James Wise Show Cleveland property investor and Broker James Wise is discussing how to get the best bang for your buck when doing a home improvement project in the Cleveland housing market after receiving the following question from a fan of HoltonWiseTV. "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?" Subscribe to HoltonWiseTV for all things real estate in the Cleveland, Ohio area.
Some people think that the primary purpose of a landlord is to provide housing. These people are stupid. The primary purpose of a landlord is to profitably rent their properties to tenants whom they feel will make the best customers. Many tenants who do not understand this can, and usually do, get denied housing by seasoned landlords. In the 4th episode of The Ask James Wise Show Cleveland landlord James Wise is discussing the process of denying tenants after receiving the following question from a fan of HoltonWiseTV. "Can a tenant be denied after they were already approved?" If you are thinking about renting a house from a property manager you will want to pay attention to the advice in this video as it may get you the house you are looking for. If you are thinking about becoming a landlord yourself pay attention to the advise in this video as it may save you from dealing with a tenant from hell who's going to make your life miserable.
Student housing is a popular investment strategy. In the Cleveland housing market many investors think about low income investing and or section 8 investing. These investors don't often discuss renting to college students in the Cleveland area. In the 3rd episode of The Ask James Wise Show Cleveland property manager James Wise is discussing his experiences and insight into the business of rental properties to college students after he received the following question from a HoltonWiseTV viewer. "#AskJamesWise Is renting to college kids profitable or should I stay away from it because they may damage the property when they party???"
Investing in real estate using bank loans is by far the most popular way to invest in real estate. There are a lot of ways to use other people's money to buy real estate and of course bank financing is the one utilized by real estate investors most often. But what about getting started in investing in real estate without using a bank loan? Some people choose to invest in real estate without getting a mortgage because they can't qualify for a loan. Maybe these people have bad credit but still want to buy rental properties. Maybe these people want to invest in real estate without a mortgage loan because they have no verifiable income to qualify for a bank loan. Maybe these people prefer to invest in using cash to invest in real estate because they don't want to take on the risk of debt. Perhaps these people want to invest in real estate but they just quit their job. Maybe these people quit their job to invest in real estate and now they don't qualify for bank loans without having full time employment. How can one begin their investment journey without the use of banks? This is what James Wise is talking about in the 2nd episode of The Ask James Wise Show after receiving the following question from a HoltonWiseTV viewer. "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" If you are interested in investing in real estate without the use of a lender this show is for you. Subscribe to HoltonWiseTV today if you'd like to learn how to buy property without a lender. HoltonWiseTV is investing in real estate without a bank loan made easy.
You've got questions about real estate? You've got questions about property management? You've got questions about dealing with tenants? You've got questions about creative financing? You've got questions about seller financing? You've got questions about evicting people? You've got questions about making money in real estate? You're looking for the best real estate podcast around? You're looking for FREE real estate training and education? Good. You are in the right place. The Ask James Wise Show on HoltonWiseTV is here to help real estate investors of all kinds get the answers to their real estate questions. From real estate newbies looking to get started in real estate, to seasoned investors looking for insight into the real estate industry this real estate podcast has a little something for everyone. When James Wise sounds off on various real estate topics it's always unfiltered and uncensored insight from one real estate investor to another. If you are interested in all things real estate subscribe to HoltonWiseTV today.