EPISODE · Jun 6, 2024 · 52 MIN
29%+ ROI: Birmingham Section 8 (Best Housing Authorities to Work With!) - Geoffrey & Geoff English
from Affordable Housing & Real Estate Investing
Unlock the secrets to successful real estate investing with Geoffrey and Geoff English during this detailed walkthrough of a first property purchase in the Birmingham Alabama Market! 🏡 This podcast covers everything from choosing the right location to maximizing rental income, providing valuable insights for both new and experienced investors! Tune into the latest podcast episode of "Affordable Housing & Real Estate Investing" as we covered:• Location & Safety Assessment: Learn how to evaluate neighborhoods for safety and potential• Purchase Strategy: See how a $70,000 property with minimal renovations can provide amazing returns (29% CoC?!)• Rent Increase Tactics: Understand the process of raising rent from $765 to $1,201 with the help of Section 8 and the right property management guidance• Tenant Considerations: Explore how to manage rent increases without losing good tenants• Cash Flow Analysis: Discover the impressive 29%+ cash-on-cash return with a real life exampleCheck out www.affordablehousing.io to stay up to date on our latest content and project updates by joining our community full of Affordable Housing investors!🔔 Subscribe today and follow us to stay updated with the latest investment tips and success stories! DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions.#RealEstate #InvestmentProperty #MidfieldRealEstate #PassiveIncome #RealEstateStrategy #PropertyManagement #CashFlow #Section8Housing #RentalIncome #InvestingTips #FinancialFreedom #affordablehousing 00:00 Podcast Highlights02:31 Intro 08:01 How do you split responsibilities?09:06 Affordable Housing - You get to CHOOSE Who and How to Help! 11:12 What prompted Geoff to pursue a career in real estate, and what role does he play in their business? 14:57 Don't Miss these Expenses When Analyzing: Lease Up Fees, Renovations, Holding, Closing Costs20:28 Advantages in buying Properties with Tenants in Place Already?22:11 How a $70k Property went from $765 -$1,201 in Rent! (29% Cash on Cash Return!) 26:55 What does the SpotCrime app offer, and why is it relevant in real estate appraisal?28:27 What Expenses to Budget for Before Closing the Deal? 34:29 What problems or challenges have you encountered in the real estate business?40:07 Section 8 Strategy: Buy All Cash Followed by a Refinancing for Growth?41:40 Debunking Myths re: Section 8 Housing!45:46 Why Is Affordable housing Hard to solve for? (Geoffrey)48:05 Why Is Affordable housing Hard to solve for? (Geoff)50:28 Where/How to contact Geoffrey and Geoff?
What this episode covers
Unlock the secrets to successful real estate investing with Geoffrey and Geoff English during this detailed walkthrough of a first property purchase in the Birmingham Alabama Market! 🏡 This podcast covers everything from choosing the right location to maximizing rental income, providing valuable insights for both new and experienced investors! Tune into the latest podcast episode of "Affordable Housing & Real Estate Investing" as we covered:• Location & Safety Assessment: Learn how to evaluate neighborhoods for safety and potential• Purchase Strategy: See how a $70,000 property with minimal renovations can provide amazing returns (29% CoC?!)• Rent Increase Tactics: Understand the process of raising rent from $765 to $1,201 with the help of Section 8 and the right property management guidance• Tenant Considerations: Explore how to manage rent increases without losing good tenants• Cash Flow Analysis: Discover the impressive 29%+ cash-on-cash return with a real life exampleCheck out www.affordablehousing.io to stay up to date on our latest content and project updates by joining our community full of Affordable Housing investors!🔔 Subscribe today and follow us to stay updated with the latest investment tips and success stories! DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions.#RealEstate #InvestmentProperty #MidfieldRealEstate #PassiveIncome #RealEstateStrategy #PropertyManagement #CashFlow #Section8Housing #RentalIncome #InvestingTips #FinancialFreedom #affordablehousing 00:00 Podcast Highlights02:31 Intro 08:01 How do you split responsibilities?09:06 Affordable Housing - You get to CHOOSE Who and How to Help! 11:12 What prompted Geoff to pursue a career in real estate, and what role does he play in their business? 14:57 Don't Miss these Expenses When Analyzing: Lease Up Fees, Renovations, Holding, Closing Costs20:28 Advantages in buying Properties with Tenants in Place Already?22:11 How a $70k Property went from $765 -$1,201 in Rent! (29% Cash on Cash Return!) 26:55 What does the SpotCrime app offer, and why is it relevant in real estate appraisal?28:27 What Expenses to Budget for Before Closing the Deal? 34:29 What problems or challenges have you encountered in the real estate business?40:07 Section 8 Strategy: Buy All Cash Followed by a Refinancing for Growth?41:40 Debunking Myths re: Section 8 Housing!45:46 Why Is Affordable housing Hard to solve for? (Geoffrey)48:05 Why Is Affordable housing Hard to solve for? (Geoff)50:28 Where/How to contact Geoffrey and Geoff?
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29%+ ROI: Birmingham Section 8 (Best Housing Authorities to Work With!) - Geoffrey & Geoff English
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