How To Buy Properties for $400 With David Sexuer (Ep 10)

It is possible to buy houses for as little as $400, just ask David Sexauer  He got his start buying properties from The Surplus list, where properties are sold for as little as $1.  His first batch of homes he paid $400 for each one.  Most of there properties are in rough neighborhoods, and in very poor condition.  But, David is able to fix these houses up, for $10,000 or less and make a big social impact in neighborhoods by providing affordable housing.

Key To Dealing With Tenants:

David has had a lot of problems with tenants, and with bad things happening to his properties.  He overcame this by working with local people that have a personal connection with the tenants and the community.  This is a real win-win.  It provides jobs in the neighborhood for the managers,  good low-income for the residents, and less hassle for the owner.

What David Looks For In A Good Deal:

How much cash he has available?

What is the interest rate?

What is the return?

He looks for a 2% monthly return (Pays $50,000 expects to make $1,000 a month)

Favorite Real Estate or Business Book:

E-Myth by Michael Gerber

Advice For New Landlords:

Stay engaged. Know wh