Hi Y’all, this is Alexis’ Mom. She did not live in my basement for free. She had to pay rent and pay her share of utilities. This kid is smart ( she gets it from her Mom) so absorb all you can from her experience. Strive to do your best!
I JUST CLOSED ON A DUPLEX IN HAPEVILLE ON 7/10/21. Sista said people wont execute. I been done executed! But, listening to her has made me good about my investment decision.
Damn, she had me until she said she doesn’t renovate the properties. I’m from & live in the D and that is a MAJOR issue, even to this day. Out of state investors coming into our neighborhoods holding properties that need full rehabs asking for 3-4x what they are worth while keeping our neighborhoods blighted. Meanwhile a person like me whose just starting out with limited capital is struggling to find properties that I can buy and fix up within my budget because they driving prices up and not doing a damn thing. Detroit should have made it more difficult for out state investors to purchase our cheap properties.
This confirms I'm on the right path in the short-term rental space, I always disclose my exit strategy in rental arbitrage then I take the proceeds and buy a property . I have airbnb & turos. I recently started flipping land purchasing notes. It took me a minute to get into investing. I'm a Broker in NY soon to be Fl and Atlanta.
Earn your leisure had a guest ms wright I believe telling people to open corporate lease nonsense. Glad someone told the truth about it..I never thought it was a great way to get into the airbnb business Thank you for being honest!!
Love the information but that speculation in Detroit by out of state investors is holding the city back. Buying a house and letting it stay an eye sore doesn't help. I try to improve the area not speculate for future profit.
Shes right about condos. Im my condo HOA President and we do not allow Short Term Rentals, mainly AIR BNB, because of all the different people that comes in and out our building.
I made a big mistake getting an apartment in my name at the beginning of the year not knowing what my income was gonna be looking like. I ended up moving to Dallas and abandoning the apartment, getting a eviction on my credit, the back rent and fees have been sent to a collection agency, and its student housing so half the amount that I owe is excessive cleaning for the other person that was staying in one of the other units of the apartment🤦🏽♂️ People at the apartment complex said the old roommate would have to call to take responsibility for all the excessive cleaning but that ain’t gone happen. I needed to hear what they discussed about evictions but damn that just killed me🤦🏽♂️ My credit was excellent before all this!! Along with other stuff, I feel like my credit will never get to where it needs to be to establish business credit now.
Hey Rants and Gems, I loved this video!! And all of the others❤️ There was one that I recently saw, I believe the guy on there with you all had on a 🧢 please bring it back🥺 if you can please.
This makes no sense for someone starting off from scratch. She already had a leg up with the businesses. People would like to know how she she actually started it, bank loans, moms loans, etc
I get the whole investing in Detroit, but the sad part is how she’s just hoarding all the homes. At least be willing to sell them to people in the community who can afford the homes. She’s creating a house shortage being greedy
This comment makes no sense. You have the same 24 hr. Why aren't you buying properties in Detroit? You can literally acquire properties through wholesaling and seller financing. Out of state investors buy because local residents don't want to. I buy all over the country...stop the crab mentality. You're calling it hoarding she's finding opportunities.
@@SimplyAdiva His comment was coming from a homebuyer perspective, not as an investor. People that live/work in Detroit can’t find quality homes when out of town absentee investors purchase homes and do nothing with them. As a homebuyer why would I purchase a home next to dilapidated houses that investors refuse to rehab or even rent? Buying houses in states you don’t live in just because you have the capital just to let them sit in disrepair is selfish especially in today’s low inventory market.
@@Passportsandprofits So like I asked again, Why don't people use their own resources collectively or individually and buy their block? When ppl out of state do it we're hoarding and greedy. I have properties all over gary Indiana, new york, Florida and houston when I fix and move on to the next property or I sell all depends on my exit strategy. My point is taking a shot at her does nothing. Either you're part of the problem or the solution. She doesn't need to sell to the ppl of Detroit. You can literally find the owner yourself and make an offer. I don't look for jobs, I'm a full-time entrepreneur. When I left the Army as a single mom, I decided to create my opportunities. See where I'm going? Focus on finding solutions then the opportunities become endless.
@@SimplyAdiva Your replies are mostly you bragging about yourself which is proving my point about the selfish nature of some investors. You have to step outside your own bubble and realize that not everybody wants to “buy the block” some people just want to find a place to live for their families. Buying up dilapidated homes in communities you don’t live in with no intention to repair them or even sell at a massive profit is selfish to the people that actually have to live/work in the community. Purchase the home, repair it, sell it and move on. You keep thinking because you’re a real instate investor that everybody else has to be.
203k closing cost is high af. Don't leave that part out. Not sure how high the interest is. You also HAVE to live in the house for a year else you commit mortgage fraud.
203k closing costs is 1% higher than traditional fha closing cost. Small price to pay to get 100% of the rehab money included in your mortgage. Interest rates are extremely low compare to Fannie Mae homestyle or hard money. You gotta get educated on the product before you make these types of comments 🙏🏽
Hi Y’all, this is Alexis’ Mom. She did not live in my basement for free. She had to pay rent and pay her share of utilities. This kid is smart ( she gets it from her Mom) so absorb all you can from her experience. Strive to do your best!
Well great job Mom!!💪🏾
Thanks 4 being a wonderful mom
Tell it mom lol🙌🏾
I LOVE THIS! Go ‘head Miss Jackie!
love that mom lol
More guests like her. She’s letting us behind the curtain
Thanks for watching.
Send a direct msg right away What'sapp.
📞 𝟣𝟧𝟣𝟨𝟪𝟪𝟨𝟦𝟪𝟣𝟫.
Yes! More guest like her!
I JUST CLOSED ON A DUPLEX IN HAPEVILLE ON 7/10/21. Sista said people wont execute. I been done executed! But, listening to her has made me good about my investment decision.
"Execution over excuses"
I like that.
She was an EXCELLENT guest! I loved this
couldn't agree more!
That’s my MENTOR! Love her ❤️ y’all better get y’all a coach
Agree
Damn, she had me until she said she doesn’t renovate the properties. I’m from & live in the D and that is a MAJOR issue, even to this day. Out of state investors coming into our neighborhoods holding properties that need full rehabs asking for 3-4x what they are worth while keeping our neighborhoods blighted. Meanwhile a person like me whose just starting out with limited capital is struggling to find properties that I can buy and fix up within my budget because they driving prices up and not doing a damn thing. Detroit should have made it more difficult for out state investors to purchase our cheap properties.
HOA rules and regulations. Most places hate HOAs, but they are strict on investors.. I'm from Detroit and an agent in Florida.
This confirms I'm on the right path in the short-term rental space, I always disclose my exit strategy in rental arbitrage then I take the proceeds and buy a property . I have airbnb & turos. I recently started flipping land purchasing notes. It took me a minute to get into investing. I'm a Broker in NY soon to be Fl and Atlanta.
shes shrewd but also honest and really likes to share her knowledge. i would sign up for her tutorials/classes!
Mrs pamela Morgan and her method works like magic I keep earning single week with new strategy
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs pamela Morgan
Wow I'm just shocked someone mentioned expert Mrs pamela Morgan I thought I'm the only one trading with her.
She help me recovered what I lost trying to trade myself
I think she's the best broker I've seen
Thanks for introducing me to Mrs Pamela Morgan
Earn your leisure had a guest ms wright I believe telling people to open corporate lease nonsense. Glad someone told the truth about it..I never thought it was a great way to get into the airbnb business
Thank you for being honest!!
Literally no excuses. Alexis is amazing!
Wait... clear this up for me, she had a 6 figure job 5 houses and 3 businesses AND was broke and moved into her mom house? That lost me
Love the information but that speculation in Detroit by out of state investors is holding the city back. Buying a house and letting it stay an eye sore doesn't help. I try to improve the area not speculate for future profit.
I agree that’s inconsiderate to the people that live there. Don’t buy a dilapidated property just to let it sit.
Shes right about condos. Im my condo HOA President and we do not allow Short Term Rentals, mainly AIR BNB, because of all the different people that comes in and out our building.
She is dropping game. Great interview.
This was most definitely by far one of the best interviews that I’ve seen.. Good job guys!
I like her. She’s a real one.
Airbnb 35:00
The best episode I have saw so far. I like that she spoke the truth and the real processes and procures. That's #4thquartersuccess
Definitely need more people like her who help breaks down the rental property game and explain it all
This queen is powerful 💎
Awesome awesome conversation! Bring her back.
What an amazing guest !!
Thank you so much for having her on !
I started following Alexis a few days ago & now she’s trending in my notifications 🥰 I’m loving seeing her excellence!
I need more!!! But, so grateful for the gems that were dropped.
Whoever disliked this video needs a hug
Whew Chile! I am out of breath!!! Tooooo gooood! 😩
What a Great show yall.
RANDOM: I see Quianna in a bob hair style.. please rock that style Boss Lady
Thanks for watching.
Send a direct msg right away What'sapp.
📞 𝟣𝟧𝟣𝟨𝟪𝟪𝟨𝟦𝟪𝟣𝟫
OMG, this was so awesome and so motivational! Thanks King and Queens!
Thank you .guys much love 🥰🥰🥰
Best one so far!!!
They could've edit that fart, MG let out at the 42 min 🤣🤣. Great content tho, I be listening to hard
Thank you for sharing in learning and writing down my notes!!
Reinvest flip money every time. That is how it was done
Love this
I appreciate this knowledge!
You 👏🏾 did 👏🏾 dat 👏🏾 sis 👏🏾
30:00
We’re up next
Looking fw. We the Ramsey crowd 😂
Great information 🙌🙌
This was a good watch. Kudos!
This 👏🏾👏🏾👏🏾👏🏾 new fan and I appreciate this pod!
This was a great video. Very informative and inspiring
Love this 🙌🏽🙌🏽🙏🏽🙏🏽
Great Eposide!
Excellent presentation!
I love her energy!
I LOVE HER!
Another great episode 👏
I made a big mistake getting an apartment in my name at the beginning of the year not knowing what my income was gonna be looking like. I ended up moving to Dallas and abandoning the apartment, getting a eviction on my credit, the back rent and fees have been sent to a collection agency, and its student housing so half the amount that I owe is excessive cleaning for the other person that was staying in one of the other units of the apartment🤦🏽♂️ People at the apartment complex said the old roommate would have to call to take responsibility for all the excessive cleaning but that ain’t gone happen. I needed to hear what they discussed about evictions but damn that just killed me🤦🏽♂️ My credit was excellent before all this!! Along with other stuff, I feel like my credit will never get to where it needs to be to establish business credit now.
I was in the same boat, dont worry, in 5 years you will be fine.
Any sources as to where we can find the new up and coming developments in our cities?
I want same!
Hey Rants and Gems, I loved this video!! And all of the others❤️ There was one that I recently saw, I believe the guy on there with you all had on a 🧢 please bring it back🥺 if you can please.
Great episode
This was really good
I wonder what those groups are...I like rants and gems
GEMS 💎
Thanks for watching.
Send a direct msg right away What'sapp.
📞 𝟣𝟧𝟣𝟨𝟪𝟪𝟨𝟦𝟪𝟣𝟫.
Great info👏👏👏
That’s strong Queen
I enjoy the show
Where in Detroit is she buying ??
Nice work 🎆
🔥🔥🔥
This makes no sense for someone starting off from scratch. She already had a leg up with the businesses. People would like to know how she she actually started it, bank loans, moms loans, etc
No, so you’re keeping the neighborhood blighted
👏🏽👏🏽👏🏽
Dope
Thanks for watching.
Send a direct msg right away What'sapp.
📞 𝟣𝟧𝟣𝟨𝟪𝟪𝟨𝟦𝟪𝟣𝟫.
Who’s that with the pink. That’s a beautiful woman. Her smile is so charming
Quianna Watson
For 30k sewer I would just put a septic tank lol
👍🏾👍🏾
I get the whole investing in Detroit, but the sad part is how she’s just hoarding all the homes. At least be willing to sell them to people in the community who can afford the homes. She’s creating a house shortage being greedy
Not to mention she’s holding the property values down because she’s not actually rehabbing them. They’re just sitting there.
This comment makes no sense. You have the same 24 hr. Why aren't you buying properties in Detroit? You can literally acquire properties through wholesaling and seller financing. Out of state investors buy because local residents don't want to. I buy all over the country...stop the crab mentality. You're calling it hoarding she's finding opportunities.
@@SimplyAdiva His comment was coming from a homebuyer perspective, not as an investor. People that live/work in Detroit can’t find quality homes when out of town absentee investors purchase homes and do nothing with them. As a homebuyer why would I purchase a home next to dilapidated houses that investors refuse to rehab or even rent? Buying houses in states you don’t live in just because you have the capital just to let them sit in disrepair is selfish especially in today’s low inventory market.
@@Passportsandprofits So like I asked again, Why don't people use their own resources collectively or individually and buy their block? When ppl out of state do it we're hoarding and greedy. I have properties all over gary Indiana, new york, Florida and houston when I fix and move on to the next property or I sell all depends on my exit strategy. My point is taking a shot at her does nothing. Either you're part of the problem or the solution. She doesn't need to sell to the ppl of Detroit. You can literally find the owner yourself and make an offer. I don't look for jobs, I'm a full-time entrepreneur. When I left the Army as a single mom, I decided to create my opportunities. See where I'm going? Focus on finding solutions then the opportunities become endless.
@@SimplyAdiva Your replies are mostly you bragging about yourself which is proving my point about the selfish nature of some investors. You have to step outside your own bubble and realize that not everybody wants to “buy the block” some people just want to find a place to live for their families.
Buying up dilapidated homes in communities you don’t live in with no intention to repair them or even sell at a massive profit is selfish to the people that actually have to live/work in the community. Purchase the home, repair it, sell it and move on. You keep thinking because you’re a real instate investor that everybody else has to be.
203k closing cost is high af. Don't leave that part out. Not sure how high the interest is. You also HAVE to live in the house for a year else you commit mortgage fraud.
203k closing costs is 1% higher than traditional fha closing cost. Small price to pay to get 100% of the rehab money included in your mortgage. Interest rates are extremely low compare to Fannie Mae homestyle or hard money. You gotta get educated on the product before you make these types of comments 🙏🏽
So she buys dilapidated properties and let's then sit without renovating them?