Creative Real Estate Investing Techniques To Maximize Value

If you don't qualify for a home loan because you don’t make enough to pay the mortgage, there are ways to creatively do it. Creative landlording is essential to gain maximum personal satisfaction and financial profit.

Today, Clint Coons of Anderson Business Advisors talks to Danielle Villegas, an artist and landlord who shares some of her real estate investing strategies, including how she takes investments and maximizes their value.

Danielle spent years struggling as a film and theater artist. She set her sights on home ownership and managed to become a landlord. Over time, Danielle developed a unique housing model for an underserved growing population. 

Highlights/Topics:

• First Home: Make sure it includes rental rooms to earn extra income
• House Hacking: Don’t pay your own rent or mortgage if you don’t have to
• Financial Adviser: Danielle learned how the rich get richer and other tricks/tools
• Creative Financing: Refi made all the difference and cut mortgage in half to be profitable
• When selecting renters/tenants:
  • Priority #1: Make sure they have at least one job to pay the rent
  • Priority #2: Offer furnished rooms/rentals because it’s easier to move them out
• Weekly, monthly, or longer? Danielle rents out space weekly to make more money
• Private vs. Shared Space: People need own space, common space is wasted money
• Where Danielle tends to find tenants - she advertises mostly on Craigslist
• Potential Tenants: Let them tell you what you want/need to know to minimize risk
• Used or Not: Make money with rooms not used, won’t be used, used for something else
• It’s not just about the money: Make a difference - it's very rewarding

Resources:

Danielle Villegas’ Email

mailto:artoflandlord@gmail.com

Art of Landlording

https://artoflandlording.com/

Craigslist

https://www.craigslist.org/

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ