{"id":59882,"date":"2014-07-17T00:31:22","date_gmt":"2014-07-17T06:31:22","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=59882"},"modified":"2023-04-11T05:10:36","modified_gmt":"2023-04-11T11:10:36","slug":"2014-07-17-low-income-landlording-difference","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-07-17-low-income-landlording-difference","title":{"rendered":"Low Income Landlording and Investing to Make a Difference with Michele and Bruce Fischer"},"content":{"rendered":"<p>Today on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a> we are excited to sit down with a couple who together, intentionally invest where most landlords fear to tread . . . low income housing.<\/p>\n<p><strong>Michele and Bruce Fischer<\/strong> who hail from Longview, Washington, decided to make a difference by landlording in areas that are so low-income, that even Section-8 doesn\u2019t work in their neighborhood. In our conversation we dive into some really important topics regarding how to screen low-income tenants, how to handle (pets like pitt-bulls), what to do when your tenant is late on the rent, working with your spouse, what to do when the reality is your tenant will become homeless if you evict them, how to \u201ctenant-proof\u201d in low-income areas and a lot more! You don\u2019t want to miss this one!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp79-bruce-fischer-podcast-transcript-low-income-landlording-investing\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC6043656684\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show We Cover\u2026<\/h2>\n<ul>\n<li>Why would you invest in l<strong>ow-income areas<\/strong> in the first place?<\/li>\n<li>What\u00a0to look for when <strong>purchasing<\/strong> a low-income property<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-36121\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/01\/BiggerPockets-Podcast-Cover.jpg\" alt=\"BiggerPockets-Podcast-Cover\" width=\"188\" height=\"188\" title=\"\"><\/a><\/li>\n<li>How\u00a0playing\u00a0<strong>&#8220;Monopoly&#8221;<\/strong> <strong>with no money<\/strong> makes you a better real estate investor<\/li>\n<li>Handling<strong> late payments<\/strong><\/li>\n<li>The<strong>\u00a0&#8220;prostitute tenant&#8221;\u00a0<\/strong>story (Yes, really&#8230;)<\/li>\n<li>How to practically <strong>invest with your spouse<\/strong><\/li>\n<li>Renting to low income tenants with low income pets (including those with dangerous animals.)<\/li>\n<li>Michele and Bruce&#8217;s <strong>#1 source of leads<\/strong><\/li>\n<li>How to <strong>&#8220;tenant-proof&#8221;<\/strong> low-income rentals<\/li>\n<li>How to utilize a<strong> line of credit<\/strong> for investing in real estate<\/li>\n<li><strong>Cash flow<\/strong> vs. <strong>appreciation<\/strong><\/li>\n<li>Using <strong>Facebook<\/strong> to vet potential tenants<\/li>\n<li>And a\u00a0<strong>TON<\/strong>\u00a0more!<\/li>\n<\/ul>\n<h2>Books Mentioned in the Show:<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a967f3\" target=\"_blank\" rel=\"noopener noreferrer\">See Poverty, be the Difference <\/a>by\u00a0Donna M. Beegle<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aOSwLj\" target=\"_blank\" rel=\"noopener noreferrer\">Money or Your Life<\/a> by\u00a0<span style=\"color: #000000;\">Vicki Robin and\u00a0Joe Dominguez<\/span><\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<blockquote><p>&#8220;Prostitution does pay the rent well!\u201d (<a href=\"https:\/\/twitter.com\/home?status=%22Prostitution%20does%20pay%20the%20rent%20well,%20guys!%E2%80%9D%20http:\/\/bit.ly\/WcCaDF%20BP%20Show%20%2379\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;Arguing with your spouse is part of the #landlording process!\u201d\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Arguing%20with%20your%20spouse%20is%20part%20of%20the%20%23landlording%20process!%22%20%20@BiggerPockets%20Podcast%20079%20http:\/\/bit.ly\/WcCaDF\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>\u201cWe invest in real estate in order to make a difference.\u201d\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22We%20invest%20in%20real%20estate%20in%20order%20to%20make%20a%20difference.%22%20%20@BiggerPockets%20Podcast%20079%20http:\/\/bit.ly\/WcCaDF\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Connect with Michele and Bruce:<\/h2>\n<ul>\n<li>Michele\u2019s\u00a0<a href=\"https:\/\/www.biggerpockets.com\/users\/fischem\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPocket Profile<\/a><\/li>\n<li>Michele&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/blogs\/4445-collecting-rent-low-income-landlording\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Member Blog<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-59901\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/07\/HARK-1.png\" alt=\"HARK! (1)\" width=\"649\" height=\"342\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/07\/HARK-1.png 649w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/07\/HARK-1-300x158.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/07\/HARK-1-351x185.png 351w\" sizes=\"auto, (max-width: 649px) 100vw, 649px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today on the BiggerPockets Podcast we are excited to sit down with a couple who together, intentionally invest where most landlords fear to tread . . . low income housing. [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-59882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/59882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=59882"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/59882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119583"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=59882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=59882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=59882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}