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All Forum Posts by: James Wise

James Wise has started 2818 posts and replied 27393 times.

Post: You'll Evict 41% of your Tenants in Detroit if you don't do this

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633
Quote from @James Wise:

41% of tenants with a credit score under 499 will need to be evicted. Imagine how hard it would be to turn a profit on your rental properties if almost half of your tenants stop paying you rent. That's no way to make any money. Go to LogicalPM.com to learn more about managing rental properties in Detroit, Michigan.

You'll Evict 41% of your Tenants in Detroit if you don't do this | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

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If you're looking for opportunities and/or a property manager in Detroit, look no further than Logical Property Management. Metro Detroit’s Most Innovative & Transparent Property Management Company. Check them out at LogicalPM.com, or reach out to @Drew Sygit right here on Bigger Pockets.

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 Adding the key word COLUMBUS to make this the greatest most epicist awesomist amazingist post ever.

Post: You'll Evict 41% of your Tenants in Detroit if you don't do this

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

41% of tenants with a credit score under 499 will need to be evicted. Imagine how hard it would be to turn a profit on your rental properties if almost half of your tenants stop paying you rent. That's no way to make any money. Go to LogicalPM.com to learn more about managing rental properties in Detroit, Michigan.

You'll Evict 41% of your Tenants in Detroit if you don't do this | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

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If you're looking for opportunities and/or a property manager in Detroit, look no further than Logical Property Management. Metro Detroit’s Most Innovative & Transparent Property Management Company. Check them out at LogicalPM.com, or reach out to @Drew Sygit right here on Bigger Pockets.

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Post: Low Money Down Seller Financed Section 8 Apartment Buildings in Cleveland

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

If you don't have a lot of money to get started in real estate, buying seller financed Section 8 apartment buildings in Cleveland might be the best way for you to get in the game. At HoltonWise we are experts at putting together seller financed Section 8 apartment building deals in Cleveland, Ohio.

Low Money Down Seller Financed Section 8 Apartment Buildings in Cleveland | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

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CLICK HERE TO GET SELLER FINANCING

Post: It's Illegal to Evict Squatters in Cleveland says Mayor Justin Bibb

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

It's completely insane to think that the Mayor of Cleveland would be crazy enough to make it illegal to evict squatters from your home, but that's exactly what Mayor Justin Bibb did. If you own a property in Cleveland, Ohio, and you don't live in the area, it is illegal for you to evict a squatter from your property. The only way you are allowed to stop someone from stealing your home is if you move to the Cleveland area, or hire a local agent in charge. According to the new law, this local agent in charge is someone who becomes legally responsible for your property. Luckily for you, HoltonWiseTV has got out of state property owners like you covered. Local Cleveland area resident Zak Burkons has created a new company called CleLocalAgent that provides local agent in charge services for out of state investors in Cleveland, Ohio.

It's Illegal to Evict Squatters in Cleveland says Mayor Justin Bibb | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

Post: $30k+ in Profit on this BRRRR in Cleveland Heights

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

The BRRRR Strategy is a great way to make a ton of money. You've just got to remember that buying properties using the BRRRR Strategy isn't pretty. When you are using the BRRRR Strategy you are buying someone else's problems. During this episode of The Investment Properties For Sale Show the HoltonWiseTV crew is taking investors on a tour of a BRRRR deal in Cleveland Heights, Ohio. This Cleveland Heights property is ugly, smelly and nasty. However, it's got the potential to put a $30,000 + profit in your pocket as well as generate a ton of Section 8 cash flow.

$30k+ in Profit on this BRRRR in Cleveland Heights | Investment Properties For Sale - 1001 Woodview

CLICK HERE TO WATCH THE VIDEO

Post: This Investment Grows Every 30 Days

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

Imagine buying an investment that increases in value every 30 days. Rent To Retirement CEO Zach Lemaster has the data to back up the fact that new construction real estate does just that. Tune in to the Rent To Retirement Podcast with Zach Lemaster to learn more about the complex benefits of investing in new construction housing.

This Investment Grows Every 30 Days | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

Want to learn more from Rent To Retirement about real estate tax strategies? You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their Website or Socials below.

RentToRetirement.com

BiggerPockets

YouTube

LinkedIn

Facebook

Instagram

Twitter/X

TikTok

Post: Section 8 Rent is 100% Paid by the US Government

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633
Quote from @Christopher Sandys:
Quote from @James Wise:
Quote from @Gladimir Lobo:

All the rent (100%) is paid by the government (our tax $$)?? Is it really?? For over 20 years, we've been dealing with Section 8, it's a rollercoaster. You might get the rare tenant whose rent is 100% covered by Section 8. But they don’t pop the champagne just yet, every year Section 8 conducts a rent reevaluation, and whenever the tenant's income changes, they do another reevaluation. Talk about keeping you on your toes!

Last year one of our Section 8 resident was paying about 20% of the rent. This year, they're paying about 50%. It's like playing rent roulette in these streets!

So, to say Section 8 pays 100% of the rent without adding a few disclaimers is like claiming you always win at the carnival games. You might get lucky, but don't count on it!

 It's not often that Section 8ers go out get better jobs and start making more money bro. C'mon now, you know the game don't work like that.


 Sadly, that is true.  And it's not a coincidence (if you believe in those).  People potentially are on waiting lists for years to get a Section 8 voucher.  They have a long time to establish a solid track record of dependency.  Now that they're reaping the rewards of their patience, should they reverse course and become productive?  Sure ... it could happen, and I know it does.  But probably so infrequently that it doesn't warrant a disclaimer.  Take the age of their youngest child, subtract that from 18, and the difference is the number of years that you have a high probability of being part of this government welfare game with them.  


 Yup, they're low quality people for sure. I get a kick out of the people that believe otherwise. Even bigger kick out of the people who get offended when you characterize Section 8ers as low quality people. It is what it is though. If you're gonna invest in this space better get a grip on what it is you'll be dealing with is what I always say.

Post: How to Double your Section 8 Tenant's Rent without doing a Turnover

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

The more rent you collect, the more money you make, right? No, not necessarily. When you are managing Section 8 rental properties you are going to have a ton of costs associated with your rental units. If you've got a tenant who's not paying that much in rent, increasing their rent by too much money too soon can cause them to move out of their unit. Doing a unit turnover is usually very expensive, especially when your rental units are in difficult neighborhoods. Tune in to HoltonWiseTV to learn how to double your Section 8 tenant's rent without having to do a costly unit turnover.

How to Double your Section 8 Tenant's Rent without doing a Turnover | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

Don't spend $1,000's & $1,000's on a Mentors, Wholesaling Courses, Section 8 Gurus, or overpriced Turnkey Programs when you can get mentored by a cash flow investing expert for less than the cost of a Beer.

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Post: Grandpa is too old to be a Landlord

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633

There is a ton of money to be made investing in Section 8 properties in Cleveland, Ohio. This is especially true if you've got the opportunity to buy a Section 8 house at a discounted price. During this episode of The Investment Properties For Sale Show the HoltonWiseTV team is taking investors on a tour of a discounted property on Cleveland's east side. The owner of this property hasn't kept up with market rent rate increase and is looking to sell quickly so he can retire.

Grandpa is too old to be a Landlord | Investment Properties For Sale - 12409 Lenacrave

CLICK HERE TO WATCH THE VIDEO

Post: Section 8 Rent is 100% Paid by the US Government

James Wise#4 All Forums ContributorPosted
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
  • Posts 28,541
  • Votes 19,633
Quote from @Gladimir Lobo:

All the rent (100%) is paid by the government (our tax $$)?? Is it really?? For over 20 years, we've been dealing with Section 8, it's a rollercoaster. You might get the rare tenant whose rent is 100% covered by Section 8. But they don’t pop the champagne just yet, every year Section 8 conducts a rent reevaluation, and whenever the tenant's income changes, they do another reevaluation. Talk about keeping you on your toes!

Last year one of our Section 8 resident was paying about 20% of the rent. This year, they're paying about 50%. It's like playing rent roulette in these streets!

So, to say Section 8 pays 100% of the rent without adding a few disclaimers is like claiming you always win at the carnival games. You might get lucky, but don't count on it!

 It's not often that Section 8ers go out get better jobs and start making more money bro. C'mon now, you know the game don't work like that.