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Bump. Watching the motivational videos on youtube and IG by Jay "Mr. Real Estate" Morrison has me interested in real estate investment. What are some knowledgeable resources I can use to educate myself? 
36 ounces
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Bump. Watching the motivational videos on youtube and IG by Jay "Mr. Real Estate" Morrison has me interested in real estate investment. What are some knowledgeable resources I can use to educate myself?
Post a vid
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[Video][/Video]
He added me on IG a while ago and I had no idea who he was. Was skeptical of him at first but after reading his book (Hip-Hop to Homeownership) and checking out his creds, (he's been on NBC and other TV shows numerous times) I think dude is legit. I support his Youngmindscan movement. Check it out
He added me on IG a while ago and I had no idea who he was. Was skeptical of him at first but after reading his book (Hip-Hop to Homeownership) and checking out his creds, (he's been on NBC and other TV shows numerous times) I think dude is legit. I support his Youngmindscan movement. Check it out
mr marcus
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VaGixxer 
. Used to have 2k battles with this dude 3-4 years ago 
. Used to have 2k battles with this dude 3-4 years ago - 67,804
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Good thread.
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Been seriously thinking about getting into real estate. Especially in the baltimore and DMV area. Def need to my knowledge up.
A little off topic but has anybody seen risky listing on Esquire channel. Great show on real estate in new york
A little off topic but has anybody seen risky listing on Esquire channel. Great show on real estate in new york
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I've purchased and sold 7 properties this year. Keep this thread updated with your new construction project. I'm looking to go that route someday soon. Well, I hope anyways
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Will study and get into this....
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Jay Morrison is getting a lot of play right now (rightfully so) because he's going to worldstar route etc. However, you guys have to realize two things one he's a real estate AGENT not an INVESTOR as well as what he is doing is internet marketing and is going to be monetizing all the traffic that he's getting (nothing wrong with that).
I know plenty of people/resources that can really help you understand real estate and investing with no money down. I started in 2004 with no money down investing and it's def possible.
Truth of the matter is I get contacted probably 2-3 times a week from people looking to learn about real estate yada yada. 1/10 of those people actually ever sticks with it. It's a major grind, I started in 2004 and didn't start seeing money from my investing until 2010. I made some before that, but not like MONEY MONEY.
Most people just aren't willing to put that time in as well as invest in themselves. I'd like to see all of you get in to it and be successful because I know what's its done for me an my family, but the reality is some of you won't.
I highly encourage you to use www.biggerpockets.com that was already mentioned in this thread. I learned a ton from this site in my early days and it's an even bigger resource now. Check out their beginners guide ebook that's free it covers a lot of the basic concepts and information. If you want to really get in to real estate and learn more, go mess around on bigger pockets. It's the NT or real estate investing. Trust me, you'll learn a lot more there than from Jay Morrison and that's no knock against him. What he's accomplished deserves recognition.
Like I mentioned I buy/renovate/sell about 25 houses a year currently. This year we moved in to new construction due to some changes in the market and it's been a great experience so far.
Here are pictures from a house I recently tore down and where I'm building the new one.
Good work man, keep it up. I posted a picture below of my new construction.
No doubt man, hit me with your gamer tag. I still get on.
I know plenty of people/resources that can really help you understand real estate and investing with no money down. I started in 2004 with no money down investing and it's def possible.
Truth of the matter is I get contacted probably 2-3 times a week from people looking to learn about real estate yada yada. 1/10 of those people actually ever sticks with it. It's a major grind, I started in 2004 and didn't start seeing money from my investing until 2010. I made some before that, but not like MONEY MONEY.
Most people just aren't willing to put that time in as well as invest in themselves. I'd like to see all of you get in to it and be successful because I know what's its done for me an my family, but the reality is some of you won't.
I highly encourage you to use www.biggerpockets.com that was already mentioned in this thread. I learned a ton from this site in my early days and it's an even bigger resource now. Check out their beginners guide ebook that's free it covers a lot of the basic concepts and information. If you want to really get in to real estate and learn more, go mess around on bigger pockets. It's the NT or real estate investing. Trust me, you'll learn a lot more there than from Jay Morrison and that's no knock against him. What he's accomplished deserves recognition.
Like I mentioned I buy/renovate/sell about 25 houses a year currently. This year we moved in to new construction due to some changes in the market and it's been a great experience so far.
Here are pictures from a house I recently tore down and where I'm building the new one.
I've purchased and sold 7 properties this year. Keep this thread updated with your new construction project. I'm looking to go that route someday soon. Well, I hope anyways
Good work man, keep it up. I posted a picture below of my new construction.
VaGixxer
No doubt man, hit me with your gamer tag. I still get on.
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Ive been interested in real estate for a while...need to start learning more about it
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Congrats on the project VaGixxer. I want to get into real estate but I would also like to get into other things also and I can't put all my focus into real estate right now. I will check out that Site that was mentioned to gain some knowledge for the future.
I want to get into real estate but I would also like to get into other things also and I can't put all my focus into real estate right now. I will check out that Site that was mentioned to gain some knowledge for the future.
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I come from a "real estate" family-- moms did Escrow all my life, owns one rental apartment and our house still in LA... from what she tells me and I what I can see if it's def a win some, lose some kinda game. Back in the day she definitely ate better when the market crash we took a hit. Granted we still live better than most but she tells me all the time she wish she sold off some of the property she now has.
Currently I own a duplex--I rent out one side and live in the other. The rent and my mortgage are pretty much the same so I can stack my rent money and get by comfortably. I pretty much just trick through my rent money (spend it on vacation trips etc., paying off small time CC bills) but had I been smart I could've paid off my student loans AT LEAST two years ago However, this is the year I'mma finally do right! Got some good ppl in there and I'm really trying to do right. I think duplexes are great, and I plan on buying another one---nothing more than a fourplex. The whole rehab thing is too risky IMO and involves to be extraneous factors.
Tenants can be a pain---but as long as you are firm and go through a strenous background check/process you can weed out crazies/bums. I had one lady I had to take to court and evict her *** Other than that, it's been a blessed situation.
I think paying rent is dumb--never paid rent a day in my life and I never intend to.
Currently I own a duplex--I rent out one side and live in the other. The rent and my mortgage are pretty much the same so I can stack my rent money and get by comfortably. I pretty much just trick through my rent money (spend it on vacation trips etc., paying off small time CC bills) but had I been smart I could've paid off my student loans AT LEAST two years ago
However, this is the year I'mma finally do right! Got some good ppl in there and I'm really trying to do right. I think duplexes are great, and I plan on buying another one---nothing more than a fourplex. The whole rehab thing is too risky IMO and involves to be extraneous factors. Tenants can be a pain---but as long as you are firm and go through a strenous background check/process you can weed out crazies/bums. I had one lady I had to take to court and evict her ***
Other than that, it's been a blessed situation. I think paying rent is dumb--never paid rent a day in my life and I never intend to.
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vagixxer
I know you said it's a grind. You think it's doable on a serious tip part time?
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Buying my first property later this year
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Interesting that this pops up. Buying a home has been in the back of mind forever now. Although, I'm not looking to buy a home and immediately rent it out. I plan to live there for a few years first and fix it up and then either rent it out at that point or sell if it makes sense to.
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Anyone got info on doing something like this?
I'm in hyper-mode right now and am deadset on investing in a real estate. Initially I was looking at flipping over a certain time frame (see last post), but I also now really love the idea of investing in a duplex and renting it out for some cash flow. It also seems really affordable and I'm willing to put in the sweat equity needed. This thread is here, which is why I'm posting. I know NT has real knowledge. I'm going to the bookstore this weekend to buy a few books on this topic as well, but I'd also like to see hear some real-life tips, secrets, stories, etc.
PM me or post please. Would love to hear some feedback.
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Talk to me.
sneakaprince
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I'm actually interested in teh same thing
651akathepaul
so I'm hoping this thread livens up a bit over the next couple weeks. I been looking at duplexes for a couple months now will probably cop one by the end of the year. Just need to get my downpayment etc together first.
651akathepaul
so I'm hoping this thread livens up a bit over the next couple weeks. I been looking at duplexes for a couple months now will probably cop one by the end of the year. Just need to get my downpayment etc together first.
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^ What have you been told about your down payment? I'm reading that insurance companies don't like investment properties, therefore, the down payment needs to be at least 20% just to get in the game. More likely 25% if you want to win the bid. It makes sense, but I hope it's not entirely true.
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P4L
sneakaprince
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Ehh my mom is friends with a bank president so my situation might be a lil different. I think he said he could push it and get me approved for like 5-10%.... I aint dropping 20-25 no time soon
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You guys should really shop around, you can get in to investment properties for less down.
20% is generally what banks ask for on cash out REFIs. At which point it's taken out of the equity in the home.
lightweight champion
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20-25% is just ideal. Realistically I've seen people put in bids for much less. I get at least a handful of people every week doing wire transfers to real estate businesses for under $10k here in NorCal.
651akathepaul
you still working at a bank? If so talk to your mortgage loan specialist to see what associate discounts you're eligible for.
As far as renting out properties, what I would do is invest in homes that are nearby military bases and rent out rooms to military personnel. It's a win-win for everyone. You're guaranteed to get paid because they are guaranteed to get paid and you can charge them a little more than average because they get housing allowance that's not out of pocket for them. Plus, you don't have to expect too much hooligan behavior and them wrecking ****.
651akathepaul
you still working at a bank? If so talk to your mortgage loan specialist to see what associate discounts you're eligible for. As far as renting out properties, what I would do is invest in homes that are nearby military bases and rent out rooms to military personnel. It's a win-win for everyone. You're guaranteed to get paid because they are guaranteed to get paid and you can charge them a little more than average because they get housing allowance that's not out of pocket for them. Plus, you don't have to expect too much hooligan behavior and them wrecking ****.
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