Iman Yusef-Yahya – Podcast- Investing in Inner City Neighborhoods – Episode #16

May 12, 2014 in Podcasts

Working in Urban Areas

Investing in Inner City Neighborhoods

My guest for today’s podcast is my friend and fellow real estate investor Iman Yusef-Yahya better known as that “Philly Wholesaler Chick”.  Iman is a full time real estate investor, mentor and coach in Philadelphia, PA.  Like me, she is passionate about teaching others this business. Today’s podcast is all about investing in inner city neighborhoods which happens to be her specialty. After listening to this podcast you will realize just how much opportunity exists in many cities across the nation. She also shared several of the resources she uses in her real estate investing business as well as a quote that I want to share with you:

 If you want to change your tomorrows, you've got to take action on it today. Tweet Me!

 

Show Notes

Here are some of the things we covered in today’s show:

  • How Iman first learned about real estate
  • The lessons she learned as a result of her first deal (that didn’t close)
  • The marketing strategy that helped her close her first deal
  • Starting from where you are today; investing with the resources you have
  • Her main investing strategy for finding deals today
  • How she decided that inner city neighborhoods was where she wanted to invest
  • The importance of marketing consistently
  • Taking advantage of the plentiful inventory in her city; 50,000 vacant houses in Philly today
  • Special funding in “Go Zones”; areas a designated by the Federal Government
  • The marketing strategy that is her best source of deals today
  • Low cost and no cost marketing strategies if you have a shoestring budget
  • Networking and building relationships
  • Joint Ventures
  • Learning to screen sellers when call to determine if they are motivated
  • What to do if you want to get a deal in the next 30 days
  • Tips for pulling a list of free and clear houses

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