Investing in the Ghetto

[@Bgroundfilms]

This brother is giving us ridiculous information (million dollar info) how to be a millionaire; brothers in hood should take notes cause he is showing you how to own your hood. God bless keep it up my friend

[@vwalker7268]

+Cine Filmz LOL

[@HoneyschildTV]

yes indeed,!!!!

[@trinimami67]

+Cine Filmz , Bruh, do like I'm doing, passing this information to the Hood as I understand it which is easier than how Phil does it and who in the Hood has the best skills with money? The drug dealers! We have to have some way to get them to stop selling drugs in the Hood. It might catch on. Think about it.

[@trinimami67]

whatthefuss1 Yes, I thought that was foul and in the main comment section, I said something about the trailer park being a Ghetto too. But if I had to say who caught on to what he is saying, it would be the people that have taken this to Harlem, NYC. Born and raised there but I left 20 years ago and I have been back twice in the last 20 years and they have white people jogging right through the middle of a dice game on the block like it ain't nothing.

[@generalee72]

+Michael Snow thats what we had happen. Big local dealer turned to real estate and a car wash business. Stopped selling drugs..... well ......the drugs still get sold, just by his tenants, but now he's getting distributor cash and rent cash. Plus he's saving a ton on renovations due to tenants not being terribly concerned with aesthetics.

[@moedreamz]

Also renting to families in the ghetto is best .. people with kids are alot less likey to move especially if section 8 is paying the rent plus the more bedrooms the more cash flow

[@dotty820769]

You will have a lot more damages

[@mostmost1]

dotty820769 no you wont. Damages will make families lose section 8 vouchers. Even not paying utilities.

[@sc0572]

I used to be a section8 landlord. You'll have more damage. This video has great info in it but he shorted you on the section 8. His point is accurate but some people who arnt paying for something dont care about it because they didn't pay. On your real estate journey youll hear the phrase "skin in the game", that's what they're talking about. I also found that a lot of these folks are seasoned renters. They'll move into your place, trash it, and then move on to the next one after they've screwed you. I've had tenants that screened well, even the case worker gave them glowing reviews, then they trashed my houses. I'm not saying they're all bad because I've had some AMAZING section 8 tenants, but I've had an equally number of bad ones too. The worse one i had took a unit I dropped 12k into on a reno; she was the first one in after the reno, and completely trashed it in one year. Had to fight to get her out and she left an unbelievable amounts of trash in the house. I terminated her lease 6 months in and because of her 5 kids, 2 of which had special needs, she left 2 months after the lease was originally supposed to expire. In total I lost roughly 20k in one year with this one tenant. The short of it, section8 can be good but its risky!

[@TAMMYBEAVERS50]

He is a doofus (Rick)! He rubbing me the wrong way🙉

[@brankind969]

An investor friend, next to my property, did Section 8 but because of Trump's tightening down on abuse and squeezing employed residents to pay a bigger percentage, my friend is getting out of it.

[@ES-fr3yz]

People, calm the hell down. Not one single time did Phil bring up the issue of race,ethnicity or any of that. I lived in a ghetto for two years and it was 99% white,so a ghetto can be any neighborhood that is in a rough shape, regardless of race. Take his advice, it's free and better yourself and move up in life.

[@amiragraceministry401]

I'm not mad at him. I'm glad he's offering this info. People are too offended about every little thing lol

[@cdnnykr]

Thank you @Ed S

[@tararobinson6023]

@@amiragraceministry401 I agree with you. I learned something from his video. No time for sensitivity. Get what you need from who and where you can get it from and grow!

[@karenchristian9204]

Had to watch the video due to the title, lol. What he is saying is true. I’ve found the major problem of renting in the ghetto is security. Stay away from extreme high crime or drug areas unless you can handle confrontations if something goes down. You’ll spend your time trying to keep the property from being vandalized or keeping squatters out if you’re remodeling while the property is vacant. The up side with Section 8 is you have a guaranteed payment for a large portion of your rental price and should the tenant default on the 1 year lease I believe Section 8 is obligated to continue paying their portion while you evict. My advice, take your time and screen for the best possible tenant. Become your own FBI agent if you have to because potential tenants will tell you anything sometimes to secure a place, especially here in California.

[@linzawilliamsiii1911]

I agree with the content of the video. His information is spot on and csn be very useful if put to action, however, his verbiage needs to be cleaned up. In 2019 political correctness is important because he should be speaking to investors, while showing respect for the people who live in those neighborhoods or communities hes referring to. Some people will always remain in a higher economic/income status and others in the lower portion. All people involved in the deal should be respected.

[@kevinbean7140]

I've never watched a video before that informed, annoyed, and entertained me all at the same time !!! LOL

[@bendertsmit1423]

what about the interest rates when you take a loan at the bank? it will take a lot longer to pay off your debt at the bank ?

[@trapiz0305]

Kevin Bean perfectly well said. He said I don't go to the ghetto simply cause my wife doesn't want me to go to the ghetto lol. Some gems in here though.

[@havefaith4358]

I whole-hearted agree each people skills in how to be productive in their neighborhood, not teaching money hungry people how to thrive on those who don't have much. He's a sorry excuse of a man, and I use that term lightly!

[@amraghar1]

Kevin Bb

[@tampabaybuccaneersfan7904]

@@havefaith4358 he's also letting someone who can't afford a house live in HIS house with the government assisting him, he doesn't have to use Section 8, it goes both ways.

[@chantayhaxton2419]

Not all section 8 are in the ghetto, some are in nice neighborhoods. People have to be approved for section 8; they don't give it to everyone. The tenant signs a contract and they have to maintain the property on their part to keep their section 8. The local housing authority makes annual inspections to make sure both tenant and landlord keep to the programs agreement. This is why so many landlords take section 8, they get guaranteed rent and an extra eye on their property.

[@jasonjammin8697]

I knew some one in San Diego who had section 8 in a middle class area.Mira Mesa

[@YSLRD]

Not here. The rules are not enforced. The landlords don't do simple mauntenance and the tennants pile up trash. No one cares.

[@free22]

It really depends on the area and how much the local government cares about low income housing. In one city, you may not be able tell which houses/apartments are section 8. In other cities, the substandard conditions are a huge bull’s eye.

[@lisamurray4174]

Yes, McLean, va has section 8

[@andyleo8418]

Most Section 8 houses end up getting trashed. It's just a matter of time. When you have no equity in where you live, you don't take care of it because it belongs to somebody else.

[@buildingbuildercip8292]

One of my best rentals is in the ghetto. I have a tenant that has been there for over 3 years. Now I am in planning to add two more bedrooms and a bath. Will be renting out the rooms for $500 ea. And my awesome tenant is bringing in family members that will take the rooms.

[@elder702]

Building Buildercip so is mine

[@jasonjammin8697]

What your update ?

[@amoszook3775]

IT'S GREAT WHEN IT'S WORKING WELL

[@pinkladycouture3355]

I'm STRAIGHT OUTTA COMPTON... I have noooooooooo problems going in the ghetto! Keep the information coming. I'm loving it.

[@intrealestate]

Under the security category, its wise to have the house contracted with a security company and include payment within the rent; also, make sure that you have sensors on your air-conditioner compressors.

[@icefishing804]

gemmav stokes sensors?

[@ek07305]

gemmav stokes Why?

[@demetriahorne1006]

What type of sensors?

[@gwillis01]

I assume, Gemmav, that you mean ANTI=THEFT SENSORS Is there really a black market demand for air conditioner parts?

[@Yababy_Farva]

Some of these comments are hilarious. I know that our society has conditioned many of you to think this way, but "Ghetto" doesn't automatically mean Black or Hispanic. I've been to many ghetto's that was predominantly European American. Open your minds and absorb the info he's sharing 😁

[@kyrababieee914]

I know lol. It's ironic because the people automatically assuming he's talking about black people are the ones who are actually being racist and offensive. If you grew up your whole life and seen nothing but mexicans in the ghetto, you will only picture mexicans when you hear the word ghetto. They are the ones that believe only black people live in the ghetto. Their imagination is painting the picture and they're projecting that onto what he's saying. Sad really, because then it really does mean they've never seen anyone but black people in the ghetto.

[@Sadiyyah314]

At the end of the day...its a derogatory term for ANYONE who is living at the poverty level. Black, Mexican, OR european. I swear yall miss the point every damn time..😂✌

[@mybestlifepossible2576]

@rj jr yes, there are white ghettoes. Ever heard of Appalachia ? Only difference is it's not in a city. Also, have seen white, Spanish and African American ghettoes in at least one major city. If you ask me there are Chinese ghettoes also. Next time you are in Chinatown in a major city, look around at the housing. Yes, they have all the restaurants, but those who live in that section , seem to live in substandard housing, sometimes saw filthy stained sidewalks and the area stinks in general, making air quality very poor. Open your eyes, many people of different races in this country are not living the American dream.

[@vitojones3687]

@rj jrYou have never seen a white ghetto?, its called a trailer park... Google it if you want to view a white ghetto for the first time, I do it anytime i want a good laugh😄😁

[@cdnnykr]

@rj jr Where do you think the term started. Read your history. The first time the term ghetto was used was when referring to the Jewish poor neighborhoods.

[@bigbenninvesting3681]

I hate this title.... but this knowledge is undeniable. Thank you.

[@vwalker7268]

I think investing in the ghetto is the best kind of investing there is but sometimes the lenders are redlining these properties which makes it difficult to invest. Most cities have tourist attractions right down the street from the ghetto. Thanks for this video Phil

[@CharlesCoaston]

Read the Color of Law

[@nursetifa5252]

This is so true

[@Lolatyou332]

Redlining is illegal and is not happening from mortgage brokers.

[@JazzManLaf]

@@CharlesCoaston Yes you’re so right Charles. So funny I should stumble upon this video again now. A few days ago our book club just finished reading “the color of law”. So to see PHIL talking about these areas without mentioning how they got like they are…I was embarrassed for him. Anyway what he’s saying is true. But the way he’s saying it without acknowledging that these people who live in those areas are victims, seems shady. People in the ghetto especially blacks, have so few choices of where to live that’s why realtors and owners can make such profits. Otherwise if those people had other choices of where to live, profits would be a lot less for the owners and rental agents in the low service, low opportunity communities. One more reason is because section 8 vouchers are not accepted everywhere as they should be. People in rich areas don’t want poor folks living amongst them so they resist affordable housing being built in their communities and the vouchers wouldn’t pay enough to rent in a high service community. It’s all in the Rothstein book, The Color of Law.

[@devinbeverage5199]

Another way to make money in low income areas is re-buying property recently sold property from newbie and out-of-area investors who accidentally bought property in low income areas and have freaked out about it and scramble to sell ASAP.

[@oluayanbiola7566]

how can you find these opportunities?

[@gwillis01]

When I took sociology class in college in the 1980s I was introduced to the "broken window" definition of the ghetto. The ghetto is supposed to be a deep pit of despair, hopelessness, and cynics. Because everybody is in such a bad mood, people do not have the motivation to fix the broken things in their neighborhoods or in their homes. When the window breaks, it is not replaced. when the gutter detaches from the rest of the building, it is not fixed. When the streetlight burns out, no one replaces the bulb. When the paint on the wooden door starts to peel, no one repaints the door. When the person who always planted a nice array of flowers in a window box dies, no one else takes up the task of brightening up the neighborhood by planting flowers in their window box.

[@amoszook3775]

U MEAN WHEN THE DRUG DEALERS SHOOT OUT THE STREET LIGHTS

[@TacosYBurritos8P]

@@amoszook3775 dude relax

[@jose5776381]

not all places in the ghetto are very sketchy you can find nice areas and still have the benefit of Section 8 always good to do your homework on the internet and do a little drive by(no pun intended) to see the area and the location of the house you'd be surprised there's a lot of gems in the ghetto and not everywhere in the ghetto is crime-infested

[@ZephJohnson]

You have just received the BIGGEST VIRTUAL SLAP!!! 👐🤛

[@kingdomheiress177]

Yo...I'm about to go buy my whole block I grew up on...dead ass

[@aclmovement]

i want to do the same red line all the whites from making in my neighborhood

[@nursetifa5252]

I’m doing it now

[@NegativeAccelerate]

@@aclmovement bit racist but ok.

[@aclmovement]

@@NegativeAccelerate it ok you'll get over it..... keep my neighborhoods full of culture not hate

[@NegativeAccelerate]

@@aclmovement did you just report me twice? If so, u r one of the most racist people I’ve ever met. I tried to reverse the races and you couldn’t handle it, but I hope one day you see the hypocrisy.

[@TrichsRUs]

Most of these "investors" are slumlords. They don't invest ANYTHING into the property, but keep it just livable enough to collect rental income.

[@0penpress]

and?

[@livewire3449]

Its because the tenants trash new which lower quality material. Old is ugly but durable.

[@davidveilleux944]

Why would they? If you rent to low income people three things are going to happen. You will have a higher turnover rate and more complaints. And eventually a tenant is going to trash the place. Why put nice, expensive, things into a property when it is just going to get trashed? That makes no sense. Do you like throwing money away? Number one rule of any business: know your customer.

[@robissuperiorfazerobbie4080]

called getting rich moron

[@SurplusFundsRiches]

And provide affordable housing no one else wants to touch and no one else offers.

[@moedreamz]

As someone that has had the luxury of growing up in the suburbs and also living in the "ghetto" this has to be the best advice on how to make money in these areas ..also depending on what state you live in you can make millions for example I'm in Boston the market is amazing here nor to mention crazy high rents but also lots of foreclosures.. I haven't found a house yet single or multifamily that is selling for under 300k with rents from 1500-4k #ImOnBoard

[@mariaberry1186]

Please close this entry on Angie please

[@klwthe3rd]

I live in an area the multifamiles are as low as $70,000 for a triplex.

[@jasonphillips2204]

You might want to consider coming to CT. I bought (few yrs ago) a four Plex move in ready in a C class area for $110k. I'm originally from NYC. I do not want to buy in D class (war zones), unless I have partners to buy the whole block... gentrification.

[@klwthe3rd]

@@jasonphillips2204 Where? In Hartford, New Haven or Bridgeport? The taxes in CT are extremely high not to mention people are leaving in droves because of the new tax changes from Trump.

[@jasonphillips2204]

@@klwthe3rd I bought the four Plex in Waterbury. The taxes on just that property is $3k and cash flows well. I expanded to other towns, but stay away from bigger towns that you have mentioned. I would like to buy in Bridgeport (Black Rock area), bc some New Yorkers are willing to travel due to high rents in NYC.

[@huertahuerta814]

Phil IS REALLY CRACKING UP INSID TALKING ABOUT THIS

[@TheKhaosripit]

Man finally somebody talks about the ghetto in a way that I actually understand. From a financial standpoint. Now I understand what I can do and what I can't do to a degree finally my questions get answered. Phil I don't know if you're going to ever see this but I really want to say thank you you really really help me and I'm going to get into your program ASAP thank you so much

[@g8auto]

This guy has balls

[@BAAbad-hb3pu]

I can do nothing but respect the points you have brought up. Especially when your points are known facts. Most people who live in low income area or areas where poverty is the norm dont have a clue how the science of economics works in this country or yet alone in their own community good work !

[@LaMaRaGe0622]

Ive been searching for info like this and no one can touch the points you did. Thanks for the help.

[@chriswalls5831]

Good info ghetto here in pasco is much different than Orlando also mobile home parks good one.

[@kenhinds47]

Renting to Section 8 tenants is one of the worst decisions you can ever make as a landlord. I've done it for the last few years and every single time it's been a total nightmare. These people have absolutely ZERO respect for your property. They got no skin in the game and they will destroy it. And Section 8 will not give you any money for the damages they cause. Stay away from section 8.

[@aliciacooper2453]

Love it!!! I agree. I was "hip" to this years ago. I'm glad to hear it from someone else. Your right on point! Smart man!!! I've been in property management for nearly 9 years. I plan on being a real estate investor (yes, I'm going to choose to get my real estate license) and then soon own and manage my own small property management company. As well as flip houses. Love your video.. Keep posting, your very informative and helpful..

[@b2dary890]

I love your take from this video. Good luck in your ventures.

[@pthemuthafucka5038]

You don’t need your real estate license for anything you said I’ve been investing for 7 years ..all you need is cash 💰 good agent and your broker is your best friend . I know plenty of people who have a real estate license and having made a penny in 10 years .

[@charlesjohnson7222]

I appreciate the open minded approach here. Cash is king and opportunity is everywhere.

[@gwillis01]

I agree that cash is king

[@Rich-hc3wp]

People who understand value can always profit from the ignorance of the impoverished that don't value anything.

[@flatbush46]

Facts... I remember buying my first house in bed stuy Brooklyn in 2003. It was one of the last neighborhoods where you could get a brownstone at a bargain.. People turned their nose up to the area because it was yet.. But the brownstones were aesthetically as good or better than the brownstones In Brooklyn heights or park slope.. Historically Stuyvesant heights was an area where the wealthy lived.. What makes the "ghetto" the ghetto are 2 things.. The mindset of the people and the banking system.... The banks at one point redlined bed stuy, bushwick, crown heights where you couldn't obtain an mortgage . This occurred after the riots in the 60's... The Same thing with Harlem.. The result depression.. Many people were there and didn't realized what they had... I moved into bed stuy fixed up my brownstone which was the worst on the block to the best on the block. The value went up 5 times and I persuaded two more people to purchase on the block.. I led by example I knew the potential .

[@dexterramey8787]

@@flatbush46 How's it going?

[@amoszook3775]

@@flatbush46 STRIKE A MATCH INSTEAD OF CURSE THE DARKNESS.

[@usnate1]

There are so many definitions in each state, and each small town in those states, of what is ''the ghetto''. In my town for example, the ghetto has many lower income people, but it's perfectly safe...it isn't a ''war zone'' like in south chicago. I would invest in a low income area here, but south chicago, or another major city? No way. Poor = higher crime than other areas, but not necessarily high crime by the basic standard.

[@cdizzle5885]

well said. there are many working class areas where you can find cheap property but have low violent crime rates. ppl act like if there isn't a Sak's Fifth Ave on the corner it must be a war zone. that simply isn't true.

[@amoszook3775]

PEOPLE LEAVING NYC/NJ HAVE RAISED WHAT USED TO BE GHETTO RE PRICES. ALL THRU EASTERN SMALL TOWN PA. ONE TOWN HAD DISTRESSED HOUSES SELLING FOR ABOUT 50K IN 2000 NOW SELLING FOR 210K WHEN COMPLETELY UPDATED. BUY AS QUALITY HOUSE AS U CAN WITH NO PRIVACY VIOLATIONS. OFF ST PARKING DOES WONDERS WHEN SELLING.

[@TheQueenMaker]

too many sensitive people on this thread

[@b2dary890]

Yup

[@amiragraceministry401]

Right!! What they need to do is take the info and use it.

[@kelleybright3113]

B glad ur still in lala land shits real

[@MuvaLaNegra]

Also, Section 8 give their participants options to purchase their home. I think this will he my strategy for lower income neighborhoods.

[@godinithagod5828]

I think I would do good in the ghetto area.. only because I grew up in that type of environment.

[@jamesofalltrades4359]

Same here

[@b2dary890]

That is a great idea and a good take from this video. Mega props to you both and good luck.

[@Lorduss1]

"How can it rent for that much if it doesn't sell for that much?" Same reason College got so expensive, GOV funded loans and handouts.

[@jamessmith912]

Phil you da bomb bro, I live in the ghetto and I see alot of vacant houses,so you sayin, I should flip them to Section 8 investors?

[@scorpionbradford]

True dat !

[@damadoms4676]

Go for it! If you’re not taking risks you’re not living! 🤪

[@carltonboram8050]

Bro I hope you have been buying up the block! If not give me an address or zip code in your area so I can buy it up...

[@kelleybright3113]

Yep thats wat he telln us its on proverty breaks

[@clementkouassi7949]

@@damadoms4676 I liked this " you re not talking a risks you're not living"

[@rogerroman9600]

I've made a living buying properties in the ghetto. I've been in it for 15 years now and haven't really had any problems going into the bad neighborhoods. I drive an old pickup and dress like a handyman (which basically I am albeit a millionaire handyman). I get there in the morning and try to leave by 3 pm before the kids get off of the school buses. That said, I've found that if you look someone in the eye and say, "whats up or how are you doing?", even if they aren't friendly, they respect that and move on. The one thing that you can't do is leave anything of value laying around for very long. Most tenants text these days for service which is great. I don't answer the phone from 9 pm to 6 am. If a water line breaks, insurance covers it (I do educate tenants on where the main water shut off is and have them marked). If there is an emergency, call 911. I don't feel its necessary to have 24 hour service. Here in Pittsburgh, the rent paid by Section 8 is greater and far more reliable than renting to cash paying tenants. In addition, when they leave, if you do get a judgement for damage above and beyond the deposit, after the appeal period (30 days here) you can get a copy over to Section 8 and they will send out a 60 day demand letter. I've had this happen several times and guess which day I get the money......you guessed it the 60th. I could go on and on but the program is good for now pending what the government cuts will. Check it out.

[@amoszook3775]

AND YOUR WIN WIN DEALS BENEFIT U & THE TENANTS

[@rmarie3261]

HE IS BEING HONEST.... get over it!!!

[@kraybrother8768]

this guy is hilarious talking bout the ghetto😂😂😂😂

[@1981dlambert]

Agreed. Not too street smart.

[@n.d8001]

Thank you for sharing your knowledge of the real investment opportunities. Your presentation is clear, practical and helpful.

[@Dudemieser]

Phil.....this is how I got "started" in 1985 after I graduated high school I was literally thrown into owning 36 single family homes. In the "Lake Worth Corridor" Palm Beach County Fl. Over the years my uncles and Grandfather had aqquired them. When the "time" came my mom and aunt wanted nothing to do with it. So about three weeks after graduating high school I was sat down and told what I was going to do. And about 2 years after that I was taken down to attorney's office where I signed a stack of quick claim deeds. In that period of time what I learned/experienced was priceless. BUT! Despite being in the ghetto I was able to rehab(Reposition) them with my own Blood Sweat and Tears. I sold they last 3 in 1990. And by 1995 was building "spec homes" in Western Palm Beach county for long term rental income.

[@blupyxi5669]

Nice

[@wheelsmcdealsace]

i have two ghetto homes. one cost to much to keep up and the other gets broken into a few times a year by the neighbors

[@wheelsmcdealsace]

the worst renter left 100s on used needles behind a couch sold all of the new cabinets and appliances. all section 8

[@phenry1984]

Omg, what State was this?

[@luvmyangels3]

I'm in central Florida & I know that Section 8 is not limited to only "ghetto " areas. It's about the cost of living for that area, because section 8 will only pay so much based on that. So it could be any city, very nice low crime areas. So I see it as a potentially great opportunity, given you choose your tenants wisely. I'm not in real estate, but I've been thinking on it. I'd really like to get my family out of poverty and still have time to homeschool my special needs daughter. I'd like to know how much time you need to put into a business like this. Glad to have found your channel!

[@pierre1122]

Phil, you are fantastic ! Thanks, thanks.

[@bishopmontel2]

I know a guy that maid millions off of section 8 homes.

[@TrichsRUs]

Section 8 is just the program. It has nothing to do with the quality of the housing. In fact, Section 8 is much more strict on quality than if you were renting your property conventionally. The government gets anal when they are required to pay out. Its much easier to get paid through Section 8, because you don't have to chase down your money. Most of the dumps you see in these neighborhoods are NOT Section 8.

[@amoszook3775]

SO DO I. AND HE WORKED FOR EVERY BIT OF IT. AND PUT ROOFS OVER THE HEADS OF A LOT OF PEOPLE WHO COULDN'T OR WOULDN'T DO IT FOR THEMSELVES.

[@cdogvlog5557]

This guy doesn't mention the problem you have where your furnace/ water tank stolen, and squatters that you can't evict. People breaking in to steal the copper just so they can get a few dollars. Investing in the ghetto is a very hands on business.

[@amoszook3775]

ALL TRUE, BUT CASH IS KING AND CHEAP HOUSES = CASH. U GOTTA WORK, WORK,WORK.

[@amoszook3775]

OH, I FORGOT THAT THE ONLY "ACCEPTABLE" WAY TO MAKE MONEY THESE DAYS IS TO SUE SOMEONE AFTER STAGING AN ACCIDENT ON THIER PROPERTY.

[@tajthegreatone9326]

I am beyond tired of paying full price for rent. I still haven't got picked for the lottery they have every 5 years. I could've bought this house literally almost 10 times for what I've paid in rent. How can I get on Section 8?

[@TokenBlack]

Has anyone had any success with this process in Texas? I plan on moving back within the next year and may consider investing into low-income areas as there are a lot in close vicinity of me.

[@yorrichardmorgan]

Gentrification is great for investors! Haha

[@thomasdr08]

W. Richard Morgan agreed 100% sir

[@misunderstoodkj]

Basically

[@12jmlnv7]

Might as well.maybe niggas should start taking pride in their shit and stop complaining when an outsider does.

[@enigma6451]

12jmlnv7 any positive words for white ppl? Thanks in advance

[@splendidtime1]

You are so right. And he pretends to not know why the rents are high.

[@JRRodriguezH]

pretty good video- aside from S8, another option is to screen your tenants and make sure they can pay for the rent. It may take longer to rent but you usually end up with better tenants- thus less maintenance.

[@gliza]

JR Rodriguez yeah...but...this video is about section 8.

[@TOUGHNERDTOYS]

This video fell right in my lap now I know what to do in terms of investing in the hood which is where I want to begin.Thank you so much your videos are priceless

[@workingshlub8861]

section 8 usually pays 70% and tenant pays the other 30%

[@leitch100]

'Or can I do it once or twice before my wife finds out...*nervous laugh*' priceless. Does she watch your videos? :0 haha, awesome!

[@freedom_mentor]

Not once

[@kkb5279]

for a section8 housing the local gov't determines the rate-usually a flat fee and the landlord does not get to increase rent unless the local gov't decides to.

[@amoszook3775]

SECTION 8 IS ACTUALLY FEDERAL RENT CONTROL.

[@LamontKing]

The irony at 4:53 has reached Jedi levels! He's Hilarious!!!

[@bluediversifiedmanagement1105]

How to purchase our own so call hood. Thanks for the advise, i will put it to good use.

[@soundsrelaxing888]

Dave Blue 919-307-9613 exactly

[@HakiAmmiSuccessScholar1]

I'm in Baltimore. I'm a Veteran, I only have 1 property. I'd rather rent to Veterans. Before I rented out my full house like I'm doing now I rented a room. It was a mess. A young male. I'd say if you can get a female preferably with a small child. A young single male if they are unstable bad deal.

[@HakiAmmiSuccessScholar1]

I'm going to turn my house into a Section 8.

[@blackpinkslave9969]

Yea young Men are terrible, I should know as a young man lol. How has it gone?

[@amoszook3775]

ALMOST ALWAYS - PEOPLE OVER 35 OR SO

[@evagreen313]

Your right!! when they start there developing near by, your property value goes ☝ up...thank you

[@robinjones7317]

thanks for that info.. never even thought about that in that aspect.

[@joanm.prettipaul3996]

At first I felt a how being a black person and living in the ghetto my husband and myself own our own home I'm trying to invest in real estate everything he's saying it's true I have a Section 8 tenant and they could complain!!

[@kingelkape]

@bottombeats no my brother that's your own insecurity showing through. He never said anything about the area being predominantly black, white or latino. This video wasn't racist at all. Remember...the way that you perceive the world creates your reality.

[@channirichardi3369]

Section 8 tenants are the best for stable rent payments. Just pay somebody to go to your properties so you don’t have to go to the bad neighborhood. Accept your rent payments through checks or apps so u don’t have to ever see the tenant! Great video!

[@cemosa1987]

where do you go to a buy a house within the section 8? how does it work? or you buy a house in the ghetto and then apply to be part of section 8? thanks in advance!

[@JessnT]

That's good to know about the lending options in the Ghettos. Was unaware of this. ty

[@submitandresist3399]

Thanks this is priceless information, much needed.

[@georgevalente4223]

What is your opinion or renovating a home for elderly renters...Ranch with no basement (one floor living), walk in shower with grab bars, all vinyl flooring, no maintenance landscape, Landlord pays for grass cutting....

[@freedom_mentor]

Sounds good to me; if the returns are as good (or better) than if you didn't make those special adjustments

[@DJSherman]

Will a professional property management agency handle your section 8 properties? Or do they stay away for security and/or other reasons?

[@freedom_mentor]

They absolutely will; but they prefer more rather than less units.

[@andrewshort175]

I'm black & this whole time imagine the ghetto as white/Mexican trailer park & or heavenly black neighborhoods where the youth is raised by single mothers..... I can say that, but liberal society would have a fit if a white msn said that... It's better that Phil made sure to say it was "the low income section of society" not making it about any particular race. Good job Phil!! But some sensitive people may still somehow be offended smh

[@andrewshort175]

*i imagined the whole time *heavily

[@mytariousgaither4707]

Andrew Short most people are dumb and sensitive can’t respect general info.

[@mackes3683]

What abut buying a whole street in a low income area and turning it in a medium/high income area? I observed that sometimes upscale areas border with "ghettos".

[@BB-rm9fl]

I love the ghetto just reinvesting in the economy. I have more problems in corporate America with urban areas paperwork not being updated information not clear.

[@islandgirl5382]

Thanks for this information, didn't know that about Section 8, flipping and investing! Really hadn't thought about it, sounds like a great avenue!!

[@princesssmith23]

omg!!! this guy is so good!!!! i wish i need about all this information four years ago!! omg!! thank for your great effort

[@shannonrenemusic762]

I'm glad you're sharing the info! Thanks 😊

[@kingroyal5480]

Whats understood never has to be explained.

[@blupyxi5669]

Medical science

[@iacheson]

That was great! Learned alittle more Section 8. Amazing!

[@lifeonabudgetwithDee]

Great video! Very informative!

[@ledoriagarrett8439]

"The Ghetto" Hahaha! I had to laugh when I first started watching this video. This information is true!

[@cyprus2584]

Your videos are full of really good real life information. Thanks for sharing!

[@TokenBlack]

I'll be moving back to Texas within the next year and I want to get into this. Has anyone had recent success? Also, I would like more information on renovation for multiple properties

[@kraybrother8768]

the ghetto it is what it is, dont try to play the race card with this guy ,every city has a ghetto, dude speaking real shit

[@FlipAnythingUSA]

Nice video. There are no bad properties just bad deals. If you can buy under market and flip it you can make a profit. I don't shop for deals in the "ghetto" but when I say ghetto I'm talking about an area where every house and every business has bars on the windows and the crime was through the roof. I also don't buy in luxury high end areas very often because there are more opportunities in that market in between the two.

[@LifewithYessenia]

This video came up when I was thinking about investing in the ghetto and this sounds amXing

[@mindblowin5357]

What Mr. Pustjeovsky did not mention is that from the millisecond you take possession of a house or apt. complex in the ghetto you will need someone living on the site or install a state-of-the-art security to prevent theft of tools and materials (installed or sitting at the site). This is the No. 1 challenge to pre-fabbing or a rehabbing a ghetto property i.e. theft. I can't tell you how many times I have heard of tools, equipment stolen from ghetto projects or even horror stories of heating/cooling systems ripped out and stolen days after being installed, or an entire house or bldg. stripped of all copper plumbing immediately after being installed. The same is true especially for newly installed appliances! You will have thieves shaking their asses like looters in a riot to make off with new appliances from ghetto properties under prehab or rehab!

[@unique74muzik]

However, with Section 8..you are running into risk of headaches and value drops.

[@maribelguerrero4853]

My husband and I are putting our townhouse into section 8. We feel good about our venture!!! lol. Just by looking and listening to your video, we are on the right path.

[@freedom_mentor]

Congratulations!

[@teonnagreen3784]

Hi phil I was born and raised in the "ghetto" Chicago il. Anyway in a nutshell my grandmother passed away in march of this year and left me our 2 flat building which I live on the first floor and I have a tenant onthe ssecond floor who is on section 8. Property is paid for and taxes are up to date. I pretty much use her rent to pay my utilities with a little extra left over. Im 22 a full time student with a full time job but I have no "big money". My dream is to get more buildings in the hood and rent to section 8 for all of the wonderful reasons you talked about in this video. I have contractors that will work to meet section 8 standards. My question is how do I get the money I need to invest in more properties. I don't want to wait like 10 Years I want it now! Please get back to me with and helpful suggestions!

[@freedom_mentor]

Take out a line of credit on your property since you own it free and clear.

[@teonnagreen3784]

But I dont want to put the property in jeopardy. Is it smart to take out a line of credit? How will i pay it back? I know these may be crazy questions to you but I'm a rookie lol..and thanks for getting back to me!

[@freedom_mentor]

Teonna Green If you want to own more real estate in your area of town, you can either: (a) Borrow money from a bank to acquire the property; (b) Take out a Line of Credit on your existing free and clear property and use creative strategies to acquire several properties using subject to and owner financing techniques along with your LOC as the down payments; (c) Work with hard money lenders to finance the purchases (but this will reduce your cash flow considerably) Those are your options. If you aren't willing to risk your own assets to acquire more properties, most lenders won't want to take a risk on you. If you don't have enough confidence in your business decisions to put your own money on the line, they aren't going to feel confident in lending you money.

[@teddia5654]

Wow we are so similar, my wife does not want me to drive through certain parts of Boston, Kentucky, Ala. EITHER!!! We must be twins! :)

[@brankind969]

Wow. Phil did my bio here! As a first time investor, I went to the ghetto via an inside tip from a realtor friend. The worst neighborhood in Houston- Third Ward. I bought (3) 1930s, 2 bedroom houses on the same 5k sqft lot for $95k cash. After a few months of evictions, and a nailboard to the head, I rehabbed all 3 at about 25k each. I have about $70k in equity and a nurse 😀 in the first house, a dud in the second and fairly good students in the third. In about 5 yrs, since condos are going up 5 blocks away, I'll double my money when I build my own. The last 3 years have been an amazing learning experience and I survived it all in the worst,, most violent Ghetto in Houston or the country. It can only get easier now.

[@brankind969]

And by the way, though I hired a crew for the rehabs, I supervised and did some of the work myself- like central a/c. I’m an a/c contractor by trade and so I taught myself some remodeling skills too. I do all the maintenance and monitor the property (an hour away) via WiFi cameras...which I also installed.

[@amoszook3775]

GOOD FOR U. CHARACTER IS DESTINY. FEW PEOPLE WOULD DO AS U HAVE DONE.

[@11981517]

You extremely inspiring.. Great man.. Thanks...

[@e2sguy]

I wouldn’t have believed it without looking at the numbers but it’s actually true that the bad part of town will often rent for same monthly rent as in the good side of town ! Except in the ghetto the properties cost a fraction of the nice houses in the good part of town .this is a no brainer for investors but most will fear going into an area they are unfamiliar with or unsure of . That’s good news for guys like me

[@MH-nh9yw]

A good video with unique strategies in a niche market investors rarely pursue. He is knowledgeable and experienced. Like.

[@brock11190]

When you get a contract purchase to sell to a buyer. How do you keep that buyer from trying to go directly to the owner to eliminate you as the middleman?

[@freedom_mentor]

+Poetry Poetry Protect your self with a recorded instrument

[@mikeanderson9266]

I have never meet Phil but I feel like I would really like him if I did.

[@freedom_mentor]

Thank you!

[@marshacooper9088]

Very matter of fact and helpful

[@gonzalohernandez574]

"you know you're in the ghetto, when you're in the ghetto" I fuking died jajajajajajajja

[@AllNighterHeider]

A firearm anywhere other than on the person is a useless tool. Stay vigilant and carry your protection on you.

[@amoszook3775]

EXACTLY

[@sergct47]

Hey Phil thanks for your video's I just recently found you on KZbin and watched a couple of your video's and the information has been very helpful I'm looking to purchased my first property real soon.I'll be moving to Florida pretty soon so that's where I'll be getting my feet wet and you're video's have been helpful so thanks and continue to upload enjoy your holidays.

[@Ironic_Travels]

sound like the typical slumlord

[@geraldlofton]

On paper it sounds good and looks BUT another factor NOT mention is you could end your ass in jail...because of protecting ur self..I’m in Miami and invest all over and I’m black...but there are different types of Ghetto..I like the Spanish Ghetto a little bit easier..

[@ZBOI904]

He is right on this!Nothing like government 🧀

[@blupyxi5669]

*gubment

[@byroncharles]

Good video, you gave the good as well as the bad is this, once again very informative.

[@antoniomontgomery859]

The great Fred Batts r.i.p. His estate owns 16 properties in Durham. He rented a room out to me on Craigslist for $320 a month. I paid him bi weekly $160. The other 3 rooms in the house went for $125 a week. A lot people are buying up cheap houses and rent rooms out. You're going have headache though if the people dont match up. Everybody smoked weed though, utilities were in his name though. When he passed in sure the insurance policy paid off the properties

[@anthonygregory9345]

Then why cant you just say low income housing.

[@sterlinggoldstien6820]

it is what it is. the info is interesting and great. don't let the verbal-age stop you from using the game plan. buy a hood a name it what you like.

[@ThunderLips730]

Why can't you just not be a crybaby?

[@ThunderLips730]

+Wilson Davis Very good point. But depending on where one gets their education from it doesn't really make sense. On one hand by reading books it makes sense. But if you get your education from places like Facebook and mtv, well then it may get a little confusing.

[@raymondweaver2023]

he chose the word ghetto as "click bait." The word ghetto carries more of an emotional connotation to it, thus increasing his chances on clicks and views.

[@ThunderLips730]

I think we all know what he meant. he took offense to it because he thinks it refers to a certain group of people. But in his pea brain head he doesn't realize that any "group" of people can live in the ghetto.