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Evaluating Neighborhoods - Todd Dotson

Evaluating Neighborhoods - Todd Dotson

Speaker: Todd Dotson | Runtime: 00:39:30
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Views: 714
Speaker's bio:

Todd Dotson is known for his system of wholesaling houses, “Get In Get Out Get Paid.” If this plan sounds like a good one to you, then this is the real estate investing mentor you should listen to. He was once billed a “real estate rebel” because of the unconventional – and apparently effective – methods of generating income from real estate. Today, he is the president of Todd Dotson Training Systems. He is also the founder of the Tactical Real Estate Mastermind Group. Born in Oakland, California, Todd Dotson grew up in the San Jose area. Although he graduated with degree in English from the San Jose State University, his paper was geared towards what made people in America rich. He discovered that he wasn’t going to be rich through inheritance or starting typical businesses – the top two on his list of sources of riches. He gained some interest in real estate because it was No. 3. And like most real estate investors, he began investing in real estate after seeing an infomercial on TV. “I was planning to be married in a few months, and saw this as an opportunity to start a lucrative career. So, I purchased my own set of books and tapes and became serious about it,” he said in an interview. He encountered problems even before he started. At that time, houses at the San Jose/Bay Area were selling for about $300,000 and renting for about $1,800 a month. He discovered that the “buy, rent, and hold property” philosophy wasn’t going to work there. He ended up closing his first rental property in Modesto, two hours away from San Jose. Time came when he owned more than a hundred properties. However, he was still not getting the “passive income” he expected because he had to watch over the properties for the deals to work. It was then he figured the “Get In, Get Out, Get Paid” strategy of wholesaling houses. Asked whether he considers himself a real estate rebel, he says he is indeed one. That’s because he does things differently. While a lot of mentors recommend building a portfolio of properties early in their career, Todd Dotson says this is not the ideal way to start in real estate investing. “Holding rental property in highly appreciating markets needs to be part of your plan, just be sure to solidify your financial base first. Take care of your cash needs today so you can have sustained success along the road to building wealth,” he says.

Armed with years of experience, Todd Dotson will teach you how you can evaluate various neighborhoods for your real estate investing business. He discusses in detail the differences of low, moderate, and middle income neighborhoods, and what investing methods work in such areas. Listen as he talks about area ratio and predominant anchors and why these two things are important when making evaluations. Want to know what exit strategies are best for wholesale and retail markets? How about the general rule about urban and suburban areas? Or transitional areas and war zones? Discover all these and Todd Dotson’s “ASAP formula” in this video.
Tags: Wholesaling,real estate investing,todd dotson,evaluating neighborhoods,low income,moderate income,middle income,area ratio,anchors,wholesale,retail markets,urban,suburban,transitional areas,war zones,exit strategies

User Comments

  • 3191| Posted: December 29, 2010 10:51:01 PM

    Another one where video will NOT play after about 3/4th of it has played!

  • 7913| Posted: October 16, 2010 04:01:37 AM

    Great info. Thank you!

  • Y.Douglas| Posted: September 7, 2010 03:11:57 PM

    video stops at 30:13.

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