14) Ethics of Wholesaling & Being a Landlord, Plus Fake Social Beefs

Real Estate Investing with House Money

House Money Weekly

In this week’s House Money Weekly segment, your hosts discuss blog 116, is being a landlord unethical? We hear this a lot from people who want to buy a house but can’t for whatever reason. They want to blame someone, so they blame landlords. When landlords own single family homes, though, they aren’t typically competing with first time home buyers. They’re buying houses people don’t want (usually because they’re ugly or dated). Also, let’s remember that some people want to rent, and government housing isn’t the best to say the least. Alan owns about 350 units through apartment buildings, and he asks: who should own these? He’s not competing with home buyers. He adds that the Not In My Backyard folks (NIMBYs) who are against ADUs and small or even large multi-families anywhere near them are contributing to the problem of affordable housing.

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Mortgage Minute: Jasmine answers the question: what’s the best way to avoid multiple dings on your credit score when shopping for a mortgage?

Sponsored by: Jasmine Mortgage Team https://www.jasminemortgageteam.com/

Real Estate Is Easy Interview

Lauren interviews Jordan Santiago, a wholesaler, teacher, fix and flipper, and landlord based in Queens, NY. They focus on wholesaling, which means getting a property under contract then assigning that contract to an investor for a fee. There is a market for wholesaling because some people are in distress (pre-foreclosure, behind on taxes) or just don’t want to work with real estate agents. Jordan says people who like making money and are willing to be consistent and put in effort will succeed in wholesaling. He said he makes $17k-$18k per deal. Lauren had to ask about the ethical issues behind wholesaling. Jordan emphasizes helping people on both sides of the deal. The two also discuss risk, and some deals in which Jordan has lost money. The most important thing you can do is learn from podcast, courses, mentors, etc. Don’t just learn secondhand though! You’ll learn the most by doing. So, what is Jordan’s goal with his portfolio? He wants to own $1 billion in real estate. Of course, he answers the question of how to make real estate easy!

Contact our Guest:

https://www.instagram.com/thejordansantiago/

https://twitter.com/TheJSantiago

Teatime with Tom

Tom’s segment is about burritos. Just kidding. It’s about being fake. Tom emphasizes having real engagement on social media and being authentic. Lauren recommends having a niche on social media and sticking to that niche, in her case personal finance and real estate. She also recommends sending DMs. Alan gives tips on HOW to DM House Money Media. Alan says not to follow anyone in front of a private jet or lambo.

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Follow Your Hosts:

Lauren:

https://twitter.com/AdultingIsEasy

https://www.instagram.com/adultingiseasyreal/

Alan:

https://twitter.com/RealEstateMaxi

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