You can only invest in real estate if you are rich, right? WRONG! In the 200th episode of The MLS Search & Analysis Show James Wise is working with an out of state investor who works as a teacher. His primary goal with real estate investing is to make enough money to help his daughter pay for her college education. During the show James Wise runs the numbers on a low risk rental property that is perfect for middle class investors as these type of rental houses require a small amount of cash when they are financed through traditional lenders.
IReal estate is expensive right? Wrong. If you've ever thought getting started in real estate but thought you didn't have enough money to get your real estate business off the ground HoltonWiseTV is here for you. Anyone who is interested in investing in real estate with no money should tune into the 199th episode of The MLS Search & Analysis Show. James Wise is working with an out of state named Joanna. Joanna doesn't have a lot of money to buy her first investment property with, but that's totally fine because the rental property James Wise has for her is a lot cheaper than the houses in her home market. There are a lot of really cheap housing markets in the United States. One of these really cheap housing markets is the Cleveland, Ohio real estate market. In fact, the Cleveland area house James Wise has found for this out of state investor is actually cheaper than a car. That's right folks, you can buy a Kia with less money than a rental property.
STOP! Make sure you watch the 198th episode of The MLS Search & Analysis Show before you consider going into debt to buy Cleveland real estate. James Wise is working with an out of state investor who is considering high risk debt to start his rental portfolio in the Cleveland housing market. James Wise explains the pro and cons of taking on this high risk debt. In James Wise lays out an investment plan of attack that involves waiting until you qualify for low risk long term financing. In addition James Wise provides insight into buying Cleveland houses with seller financing.
If you are a new real estate investor you may have some of the following questions. How do I buy houses with no money? How do I buy houses with no credit? How do I buy houses with no credit? What is seller financing? How do I buy houses with seller financing? Can I buy rental properties with seller financing? In the 197th episode of The MLS Search & Analysis Show James Wise is helping an investor named Bill answer these questions and much more. On an annual basis Holton-Wise buys around $1 Million of seller financed real estate every year so James Wise is very well versed in the topic of seller financed real estate investing. James walks Bill through the seller financed process as well as introduces him to an investment strategy that James has coined as the Slow Motion BRRRR Method.
If you are buying a property out of state you'll want to watch episode 196 of The MLS Search & Analysis Show. During the show James Wise provides an out of state real estate investor with a step by step plan of how to buy an out of state property. James goes through every aspect of the long distance real estate investment process including buying the property, renovations, dealing with the city, management the property and much more.
Financing real estate purchases is one of the most important aspects of real estate investing. However, there are some properties that you won't be able to finance. What should a real estate investor do when the bank says no? Can a real estate investor buy a house at a discount when lenders don't want to write a mortgage on the house? In the 195th episode of The MLS Search & Analysis Show James Wise is doing an analysis on a property for an out of state real estate investor named Lorenzo. This property features two houses on one lot. This fact, combined with a possible structural issues means the bank is likely to say no. James Wise breaks down what should Lorenzo do without being able to get a mortgage on this property.
Investing the money from a living trust in real estate can be a great way to take care of your family. In the 194th episode of The MLS Search & Analysis Show James Wise is working with a real estate investor who is in charge of his elderly mother's living trust. As this money is going to be used for this investor's mother's living expenses James Wise presents him with an extremely low risk property. In a situation like this, chasing cash flow into higher risk neighborhoods and properties is not recommended. In an investment situation like this low risk consistent and stable returns are the best bet.
In today's day and age you need multiple streams of income to grow your wealth. Creating a side hustle is key to growing your net worth. Have you ever wondered how to invest in real estate while working a full-time job? If the answer is yes then you'll want to watch episode 193 of The MLS Search & Analysis Show. James Wise is working with a blue collar real estate investor named Denny. Denny works full time as a mailman, owns a bar and invests in Ohio real estate as a side hustle. A true blue collar entrepreneur working with blue collar businesses to build himself a higher net worth in the Ohio real estate business.
Real estate investing is one of the rare businesses you can start without a large amount of money. Real estate is one of those businesses where you can use other people's money to start or grow your business using as little of your own money as possible. In episode 192 of The MLS Search & Analysis Show James Wise is helping a teacher from California build a rental portfolio out of state in Ohio. The reason this California teaching is investing in Ohio instead of California is because Ohio's housing costs are much cheaper than housing costs in California. Ohio is one of the cheapest states in the United States of America. Investing in Ohio using HoltonWise as his full service property manager and turnkey provider allows this Californian to passively invest in a full fledged real estate business on a modest teacher's salary. Best of all this strategy allows this teach to invest in real estate using as little of his money as possible, allowing him to scale his real estate business as quickly as possible from the comfort of his home in sunny California.
Where are the cheapest houses in the world? As a new real estate investor you may be wondering this very question because you have a limited amount of money to invest. In the 191st episode of The MLS Search & Analysis Show James Wise is doing a complete deal analysis on a cheap house in Cleveland, Ohio for an out of state investor named JP. JP is a first time investor from California. JP chose to invest in the Cleveland area as he is looking to get started in real estate investing on a very limited budget. With only $35,000 to work with James Wise has found JP a cheap house to rent using a strategy he calls the Slow Motion BRRRR Strategy which will allow JP to cash flow now while recycling the same money over and over again to buy several rental properties over the next couple of years.
Looking at expired real estate listings can be a great way for real estate investors to score a great deal. In case you are unfamiliar with what an expired real estate listing is, an expired listing is a property that a real estate agent was unable to sell after being hired by a seller. In the 190th episode of The MLS Search & Analysis Show James Wise is performing a BRRRR Strategy analysis on an expired real estate listing for his investor Ryan. James Wise thinks that the BRRRR Method is the perfect way for Ryan to accomplish his real estate goals.
When real estate investors are building a portfolio they should be looking at multiple sources to find properties to buy. These sources include real estate agents, turnkey providers, foreclosure sales and for sale by owner (FSBO) sales. In the 189th episode of The MLS Search & Analysis James Wise is running the numbers on a FSBO that out of state investors have sent in to him. During the due diligence James Wise explains the neighborhood risks, condition of the property, suggested repairs and anticipated return on investment. James Wise also breaks down how real estate agents are paid in normal situations as well as FSBO situations.
Do you know how to analyze a rental property investment? What about a multifamily rental property investment? What about an out of state multifamily investment property? In the 188th episode of The MLS Search & Analysis Show James Wise is running the numbers on a triplex for an out of state investor named Lorenzo. Lorenzo has recently spent some time in Cleveland building a boots on the ground team complete with multiple property managers and real estate agents but he's been having trouble finding the right property to buy. James thinks this property may work based on Lorenzo's goals but James also explains a couple other strategies that Lorenzo may want to look into to increase his cash flow.
Savvy real estate investors have been making a ton of money using the BRRRR Strategy. The BRRRR Method can make an investor a ton of money if done correctly. In episode 187 of The MLS Search & Analysis Show James Wise shows two out of state investors a Slow Motion BRRRR aka Delayed BRRRR Strategy. This is a new phrase James Wise has coined to discuss BRRRR deals where the renovation and refinance part of the BRRRRR Strategy don't need to take place until much later down the road.
What are the actual long term costs involved in owning a Cleveland rental property? Do you know wow to calculate the numbers on a rental property? In the 186th episode of The MLS Search & Analysis Show James Wise is going over the actual long term costs that an out of state real estate investor will likely encounter. James Wise goes over rental income, cap ex, repairs, maintenance, vacancy, cap rate, return on investment, cash on cash return and much more for his out of state investors like those featured in this video.
Many real estate investors have heard about the BRRRR Method aka the BRRRR Strategy. But do you know how to renovate a rental property? Are you sure you know how to estimate repair costs when renovating a rental property? Do you even know what you need to repair when you are renovating a rental property? In episode 185 of The MLS Search & Analysis Show James Wise is doing a BRRRR renovation breakdown for an out of state investor named Long. During the show James Wise goes through every step of the renovation process and provides a scope of work along with the renovation costs and after repair value of the property.
Are you interested in long distance real estate investing? Do you have the necessary knowledge and network and experience to run an out of state rental property business? In the 184th episode of The MLS Search & Analysis Show James Wise is running the numbers on a 4 unit apartment building for an out of state landlord named Chris. Chris is an out of state investor who has spent years building a boots on the ground team in the Cleveland, Ohio market. Chris uses James Wise's buyer agency representation and knowledge of the Cleveland market along with his management team members to operate his long distance rental portfolio.
You DO NOT need to be rich to invest in real estate. Blue collar people from around the world have used real estate to become wealthy for decades. In the 183rd episode of The MLS Search & Analysis Show James Wise is showing an out of state investor named Pauly the numbers on a BRRRR deal in Elyria, Ohio. James goes into detail on the type of renovation he would like to do to this home, including the price estimate and what he thinks it the ARV will be. After the renovation is complete James Wise would like to put a Section 8 tenant into the property to decrease risk of non payment of rent and frequent turnovers.
Have you considered investing in c class rental properties? C class real estate has it's own set of benefits and challenges. In episode 182 of The MLS Search & Analysis Show James Wise is comparing the income and expenses on two c class rental properties in Cleveland, Ohio for a real estate investor named Ed. Ed is interested in c class rental properties that do not require a major renovation before he can place tenants in them. The two c class properties that James Wise found both have existing tenants paying below market rent. James explains the most profitable way to increase the tenant's rent without creating more tenant turnover.
As an out of state investor do you know how to analyze a rental property? As a real estate investor do you know when to back out of a house contract? Learning how to back out of a real estate contract can be tricky. You need to make sure your contract allows for you to legally back out of buying a house. In the 181st episode of The MLS Search & Analysis Show James Wise is running the numbers on an investment property contract for an out of state investor named Lorenzo. Lorenzo entered into this contract with another agent contingent on due diligence. He has reached out to James Wise for full rental property analysis.
Figuring out how much to offer the seller and still make a profit is one of the hardest aspects of flipping houses. When you are flipping houses out of state that makes figuring out the correct purchase price and rehab budget on the house flip even more difficult. In the 180th episode of The MLS Search & Analysis Show James Wise shows his out of state investor Kenny a house flipping formula that will allow him to figure out the purchase price of any property he is thinking about flipping out of state.
James Wise got started in real estate investing in his 20's. It was a side hustle for him. James was working at a Radioshack when he purchased his first home. Many people think you need to save up a ton of money for a long period of time to become a real estate investor. This isn't true. In the 179th episode of The MLS Search & Analysis Show James Wise is showing an investor named Josh how he can start Investing in Real Estate in his 20's. Real estate investing is a great side hustle for people in their 20's who want to build long term wealth while working their day job. James Wise is running the numbers on a real investment property and to teach Josh about the type of real estate investing he can do now in his 20's while he working his day job. If Josh likes the deal James Wise and the Holton-Wise team will be able to help Josh buy and manage this rental property investment.
When starting a rental portfolio on a limited budget it's important to set the proper expectations. In episode 178 of The MLS Search & Analysis Show James Wise is setting up expectations for an out of state real estate investor named Long. Long has $35,000 to work with and wants to buy an A Class or B Class rental property in cash. James explains why that isn't possible with Long's limited budget and shows him a C Class rental property that he would be able to afford. James runs the numbers on this rental property to provide Long with a detailed look at his anticipated return on investment as well a look at what his risk level is going to be while managing this rental property.
Real estate investors have made a lot of money utilizing the BRRRR Strategy. Real estate investors have made a lot of money utilizing the Section 8 voucher renal voucher program. In episode 177 of The MLS Search & Analysis Show James Wise is running the numbers on a low cost rental property in Cleveland, Ohio that is going to combine the BRRRR Method with Section 8 to make his out of state real estate investor a huge return on his investment. Best of all, the investment is completely passive.
The BRRRR Strategy is the fastest way to build wealth. This is NOT FLUFF. This is NOT CLICKBAIT. In episode 176 of The MLS Search & Analysis Show James Wise is running the numbers on a BRRRR deal that he has found for an out of state investor named Thorsten. This BRRRR deal should net Thorsten a 35% return on his investment if it all goes as James Wise has planned. As for James Wise's plan, don't worry. James goes through the numbers on a line by line basis. He breaks everything down including what to future rent will be, what to renovate and what not to renovate as well as what the ongoing fixed and variable expenses will be.
Some Realtors work with investors. However most Realtors don't work with real estate investors. Most Realtors don't have any idea how to work with real estate investors. In the 175th episode of The MLS Search & Analysis Show James Wise is working with an investor named Denny. Denny is a mailman by day and an entrepreneur by night. In addition to investing in real estate and working his day job, Denny owns a bar in a nice suburb in the Cleveland, Ohio area. James has found a C class rental property for Denny that he thinks he can buy below market value due to the fact that the listing agent's advertising makes it very tough for Realtors who don't normally work with investors to sell this home.
You may be wondering what it's like to be an out of state real estate investor. In episode 174 of The MLS Search & Analysis Show James Wise provides his long distance investor Joanna a complete breakdown of what she can expect when investing out of state in the Cleveland, Ohio market. In addition to that, James Wise has found her a low risk single family house to start with. This property comes with a tenant in place and is located in a low risk neighborhood that falls in line with the types of properties Joanna is comfortable with.
How to find undervalued real estate. How to find distressed sellers. How to find distressed properties. The best way to find distressed sellers. The best way to find distressed properties. How to buy undervalued property. These are all the things James Wise is talking about in the 173rd episode of The MLS Search & Analysis Show. His out of state real estate investor clients Bob & Erika have sent him a duplex that has a few issues which James hopes to exploit when negotiating with the sellers. In addition, James Wise has found a potential BRRRR deal near one of Cleveland's largest employers who is investing $1 billion into the neighborhood that he thinks would work perfectly for Bob & Erika's portfolio.
Investing in real estate with no money down. People talk about getting started in real estate without any money. Is that really possible? How much money do you need to become a real estate investor? $50,000, $100,000? $250,000? Nope. In episode 172 of The MLS Search & Analysis Show James Wise is showing his client Butch how he can become a real estate investor with less than $13,000 if he invests in the Cleveland housing market.
The BRRRR Method EXPOSED. In the 171st episode of The MLS Search & Analysis Show James is showing his client Ryan how he can scale his real estate portfolio using the same money over and over again using the BRRRR method. The thing is, the BRRRR Method isn't as easy as people make it sound. Yes it works great when it works, but it doesn't always work. James provides Ryan with an incredibly accurate expectation of pulling off a successful BRRRR out of state.
Buying a house with structural damage is the topic James Wise is talking about in episode 170 of The MLS Search & Analysis Show. His investors from China, CASP LLC, have been considering buying this single family home in Euclid, Ohio as it's an estate sale that is priced much lower than comparable properties in the neighborhood. James performs a line by line analysis of the city's point of sale violation report as well as discusses the severe structural and foundation issues that the house has. As foundation issues are some of the most risky and expensive and repairs that an investor can run into James points his investors towards other options.
The BRRRR Strategy is one of the fastest ways to build wealth through real estate investing. In the 169th episode of The MLS Search & Analysis Show James Wise is going over the numbers on a BRRRR deal in the Cleveland housing market that he found for his clients AHS Consulting. During the show James explains the bidding strategy he'd like to use to get the property below fair market value. In addition, he explains the renovation and turnover strategy he'd like to use to maximize his investor's return on investment for the long term. Lastly James compares the inventory levels of multi family BRRRR deals and single family BRRRR deals.
Multi Family BRRRR vs Single Family BRRRR. Which type of property works better with the BRRRR method? In the 168th episode of The MLS Search & Analysis Show James Wise is looking for B-Class multi family properties for his investor Sheki. Sheki would like to utilize the BRRRR method if possible, thing is as we go into lower risk neighborhoods and add more doors per roof the amount of distressed inventory is pretty low. James goes over what a real estate investor should do when their target inventory is low.
Make the MOST money possible when buying low income rentals. Learn how to MAXIMIZE your cashflow when working with the Section 8 program. This is what James Wise is talking about in episode 167 of The MLS Search & Analysis Show. His client Alex, is an out of state investor who has been looking to get the highest possible rent per roof out of Section 8 single family rental properties in the Cleveland, Ohio area. James has come across a rare 6 bedroom home that should allow Alex do obtain a monthly rental rate of $1,300 per month.
As a landlord, you never want to rent to a lawyer. As a landlord, you never want to rent to someone who works for a lawyer. As a landlord, you never want to go through a legal battle with an attorney. As a landlord, you never want to go through an eviction case while you're at a disadvantage. As a landlord, you never want to go through with an eviction case if you don't have a lease with your tenant. As a landlord, you make your money by reducing tenant turnover, not increasing rent. In addition to finding his client Dave a low risk duplex, these are all things James Wise talks about in the 166th episode of The MLS Search & Analysis Show.
The 1031 Exchange is a great tool that real estate investors can use to reduce their tax burden when buying properties. In the 165th episode of The MLS Search & Analysis Show James Wise is working with DS Investments to identify a couple rental properties in Northeast Ohio for their upcoming 1031 exchange. These investors chose the Ohio housing market due to Ohio's lower cost of living compared to other real estate markets across the United States.
Buying long distance rental properties can be tough. In the 164th episode of The MLS Search & Analysis Show James Wise is looking at two duplexes for his out of state investor client Carey. These are the 13th & 14th properties James & Carey have looked at together. Both of these out of state multi family properties are fully occupied with tenants paying below market rental rates. James lays out a bidding strategy designed to get both of these rental properties under contract at prices far below their current list price.
The BRRRR method is one of the most profitable ways to quickly scale a large rental property portfolio. In episode 163 of The MLS Search & Analysis Show James Wise is working with two investors who've been utilizing it to build a huge rental portfolio in Cleveland, Ohio. James has two more BRRRR deals for them to look at. One in Cleveland, Ohio & the other in Painesville, Ohio.
Buying the worst house on the block. You've heard the term before, right? Well what about buying the worst house in the neighborhood? Or buying the worst house in the entire city? That's what we are talking about in episode 162 of The MLS Search & Analysis Show. James lays out the pros and cons to buying a duplex that way more beat up than all of the other houses in Lakewood, Ohio. Should his client Simon move forward and utilize the BRRRR method? Or should he pass on this house because the renovation needed is too much?
The BRRRR strategy is the topic at hand in the 161st episode of The MLS Search & Analysis Show. James Wise has a client named Sheki who is ready for another round of investment. Currently Sheki has 3 properties in the Cleveland, Ohio market that Holton-Wise has been managing for him. In addition, Sheki has a portfolio of rental properties in Gary, Indiana. With this latest round of investment Sheki would like James to find him a BRRRR deal that is going to have an average annual cash on cash return of at least 10%.
Investing in the USA from China is what we are talking about in the 160th episode of The MLS Search & Analysis Show. CASP LLC is working with Holton-Wise to grow their existing portfolio of US based rental properties. James Wise presents two single family homes in low risk neighborhoods on the outskirts of the Cleveland, Ohio metro area. The plan is for CASP LLC to acquire the properties below fair market value by using cash when other buyers need to finance.
In the 159th episode of The MLS Search & Analysis Show James Wise is looking for a multi family property in the Cleveland housing market so that his investors can fulfill a 1031 exchange. The parameters are pretty narrow given the time and purchase price restraints needed to comply with the 1031 exchange but James Wise has found a side by side duplex in Cleveland's Gordon Square neighborhood that should do the trick. HoltonWise is here to help investors from all over the country benefit from Ohio's low cost of living while doing1031 exchanges throughout all of Northeast Ohio.
You may have heard investors describing neighborhoods as street by street. What exactly is a street by street neighborhood? What does the term street by street mean when it comes to describing a neighborhood? In episode 158 of The MLS Search & Analysis Show James Wise performs due diligence on a duplex in a Cleveland neighborhood that is the epitome of a street by street neighborhood which creates an above average amount of unknowns.
Wholesaler exposed. In episode 157 of The MLS Search & Analysis Show James exposes a 4 unit wholesale deal as an overpriced dud in the ghetto. In addition to discussing the tenant base & associated risk level he breaks down the neighborhood's comps along with why investors will have a hard time hiring a licensed property manager to handle a property like this one. Finally he provides an overview of an alternate plan for his investors to still achieve a high rent to price ratio without taking on an unnecessary amount of risk.
Should you add a basement apartment to your rental house? In the 156th episode of The MLS Search & Analysis Show James Wise is taking a look at a triplex in Cleveland Heights, Ohio for an investor named Simon. Simon is interested in acquiring this property because it appears to be a cash flowing asset in a low risk neighborhood. Before closing the sale, Simon does has James go over some of his concerns about the legality of the 3rd floor apartment along with the property's ability to be converted into a 4 unit apartment building.
When you make the decision to start an out of state rental property portfolio the 1st thing you need to do is get a firm understanding of the new market you're going to invest in. In episode 155 of The MLS Search & Analysis Show James Wise provides his client Ryan a complete market breakdown of a Cleveland, Ohio suburb called Lakewood, Ohio. In addition to the market breakdown James provides due diligence on the cheapest duplex that's available in the entire city.
If you've considered setting up a Joint venture partnership to build a large rental portfolio you'll want to watch episode 154 of The MLS Search & Analysis Show. During the Show, James is setting up a JV partnership plan for his client T-Money. T-Money is a Dentist looking to build a large out of state rental portfolio so can set himself and his family up for a comfortable retirement. As the first deal T-Money does will likely be a test run for himself as well as his potential business partners James thinks the smartest move for him is to go with a very low risk duplex in Painesville, Ohio.
The BRRRR Strategy, that's what episode 153 of The MLS Search & Analysis Show is all about. James Wise has another BRRRR deal for his client's Dave & Kale. This distressed single family house is located near Metro Health which happens to be a neighborhood that Dave & Kale are heavily invested in. James provides a run down on the renovation punch list as well as a strategy to maximize the ARV when it comes time for the cash out refinance.
In the 152nd episode of The MLS Search & Analysis Show we are flipping our money using the BRRRR strategy in Northeast Ohio. During the show James Wise runs the numbers on two distressed single family homes in Ohio. He breaks down the planned renovation punch list, how to maximize the ARV and the neighborhood's tenant base expectations. If you have ever considered investing in Ohio real estate, HoltonWiseTV is for you.
You should never buy a rental property that is outside of your comfort zone. In the 151st episode of The MLS Search & Analysis Show James is running the numbers on a triplex in Cleveland Heights, Ohio for his client Thorsten. In the past Thorsten & James have looked at some C-Class rentals which Thorsten felt where outside of his risk tolerance. Thorsten feels like B-Class rentals are more in line with his investment goals and has specifically targeted Cleveland Heights, Ohio as a neighborhood that'd he'd like to invest in.