Creating Wealth Real Estate Investing with Jason Hartman CW 553 - Buying Multiple Properties at Once, Affordable Chicago Living with Jeff Morris
Jeff, an existing client, is researching buying multiple properties at once in the Chicago area. After much debate about the advantages and disadvantages Jason gives a thumbs up in support of the venture. Because it’s true that buying multiple properties at once will save investors time and paperwork. Affordable maintenance costs, low vacancy rates and cost of living make Chicago the least expensive world class city in the U.S. And don’t miss next Wednesday when Jason interviews another presidential candidate and tells you more about JHU Live, a real estate investment workshop in sunny San Diego, California.
Key Takeaways:
[1:40] Look forward to Wednesday for an interview with a presidential candidate
[2:46] The next Venture Alliance trip will be in Newport Rhode Island & Martha’s Vineyard
[5:53] JHU - Live in San Diego - Meet the Masters
[7:28] Land Contract experts will be at Jason Hartman University Live
[8:42] Write a review on iTunes and send a copy to reviews@jasonhartman.com and get 30% off
Jeff Morris interview:
[10:02] Jeff asks Jason’s advice about investing in Chicago
[11:43] Chicago is great but there are a few reasons why it’s not a slam dunk
[11:58] But...the team you use is important! Pay attention to the in house services
[14:21] Cash flow and rent to value ratios in Chicago
[17:01] Is a low vacancy rate a sign of low rents
[19:50] The psychology behind raising rents for existing tenants
[21:55] Our local market specialist in this area know what they are doing
[22:54] Are there advantages to buying a group of properties all at once
[24:43] Chicago is the most affordable world class city in the world
[25:59] Rental Properties in Little Rock and Memphis versus rental properties in Chicago
[28:09] A million shades of gray in real estate investing
[30:50] An extreme self management example
[33:20] Chicago area is a vibrant market
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