Ep76 : Should We Invest On Shady Areas In The Market - Marco Kozlowski

Big Fat Real Estate Checks

Marco Kozlowski

How To, Education, Realestate, Business, Investing

5 • 957 Ratings

🗓️ 15 April 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is a continuation of the previous one.

Understanding where and when to obtain a property contract is an excellent way to invest in the business. In this episode, we will discuss what areas to focus on when purchasing rough properties and the importance of knowing what steps to take to get monetized in dealing with these types of properties.

Marco and his co-hosts share their insights on what to do when faced with investing in a tight situation and what to do in dealing with the property. Join us in this new episode of our podcast and learn how to overcome these scenarios by using the knowledge you gained through experience and education.

WHAT YOU’LL LEARN FROM THIS EPISODE

Applying Shotgun Approach Versus Sniper Approach in a Target Market
Should You Avoid Purchasing in Bad Areas?
Recognizing What Will Happen in the Future Market
Knowledge as a Key in Monetizing
Grabbing Opportunities in Rough Areas
Possibilities to Make Money from Someone Else's Money
Separating Your Emotions When Investing

CONNECT WITH US

Email: [email protected]

Website: https://marcokozlowski.com

Facebook: https://www.facebook.com/realmarcokozlowski/

Instagram: https://www.instagram.com/marco.kozlowski/

Transcript

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0:00.0	take care of us for a very long time. It's this generational wealth. Every time we buy an asset,
0:04.2	we buy it and we hold it, just like Warren Buffett, his holding period is forever. If you've ever
0:09.1	asked, I think there's a quote saying, my holding period on anything is a forever. He doesn't sell.
0:13.1	Unless something drastic changes, he just doesn't sell.
0:18.6	Welcome to the Big Fat Real Estate Checks Podcast with Marco Kuzlowski. Where we help investors
0:25.1	like you get the knowledge and skills you need to replace your J-O-B with passive cash flow for life.
0:33.1	Hey guys, welcome to Big Fat Real Estate Checks version two of what should we do in marketing
0:40.7	or in getting a property to contract. It doesn't check out as far as cash flow wise. Should we focus
0:47.5	on areas that are perhaps a little bit more CD or D areas or areas where you have to pack your
0:53.0	nine in order to actually do some due diligence on the property. It's really rough and maybe
0:57.2	have an AR at your side in order to check things out. Should we avoid those areas altogether,
1:02.9	or should we shotgun market and get anything that we can and then make decisions from there?
1:07.6	And we're going to have this healthy discussion between myself, Marco Kuzlowski, and I sound like
1:13.6	the count. Ah, ah, ah, and Gabrielle Araish and Franco Lucio, all of us Canadian living in Montreal,
1:22.3	Toronto and Orlando respectively. So I'm looking forward to some great content today. And, uh, yeah,
1:28.2	so if you've not listened to our last podcast where we discussed Gabrielle's starting deal where
1:33.6	$100,000 property, I got it for $60,000, but it still doesn't cash flow. Not that it wasn't a great
1:38.8	deal, but it was. It just, the buy and hold strategy won't work because of what the cost of cash is
1:44.3	and what the tenants that are paying what that is and it just doesn't mesh. No money to be made,
1:49.8	which happens. What do we do then? And this is sort of an adjunct podcast to this, which is,
1:55.7	well, what if the area is really shitty? Then what do we do? In fact, we could have a podcast on all
2:00.2	sorts of different scenarios on, you know, what could happen when and if, but this is a pretty good
	...

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