Todd Capital, LLC's video: Episode 135 - OG Triple OG Tyron McDaniel How do you operate in a market where there are no comps

On this episode Rashauna and I speak with the LEGEND Tyron McDaniel aka Houston Vintage Homes aka The Urban CEO. Hear him explain why he invests in the hood, how he creates value in the hood and how he thinks we should control gentrification instead of just being angry about it. Key points from the show! Owner financing is how you get into the property not how you pay it off Once you understand the financing behind real estate you can build or buy whatever you want Started out as a secretary and grew into a mortgage broker Sometimes the tenants you think aren’t good are good and the tenants who look good on paper are the worst tenants Take pride in your neighborhood I’m not worried about what the next guy is going to do, I’m worried about what I’m going to do We aren’t going to displace you we are going to make it safe for you The gentrification conversation needs to be more granular Every home he creates he puts in something that you can’t buy We need to go from being anti gentrification to be the controllers for how gentrification occurs in our communities Know your market. Buy for dirt value but don’t tear down the structure There is a difference between what the lender thinks a developed hood home is and what we KNOW it is worth Put it on the MLS on Wednesday and build up that showing list for that Saturday Understand who your buyer is and understand what you lender is willing to lend The agent takes over after the creation has take place Lenders are looking for reasons to deny you Spell out labor v material cost when approaching lender and specify where you are using lesser quality materials or higher quality materials Submit your own comps and tell them why it is a comp Most lenders are like the Bigger Pockets guys I don’t listen to people who have just been making money the last four or five years in real estate Amateurs negotiate only price Ill give you top dollar if you give me my terms Find Tyron on IG @houstonvintagehomes Twitter: @TyronMcDaniel Find Rashauna: @rashaunascott on Twitter and IG Charles/MIlli: @toddbilli @partnerwithmilli @todd.capital @blessablackman Sponsor Fam - Invest with Teri - www.investor101.org Notary: millinotarypromo.com Charm City Buyers: charmcitybuyers.samcart.com/referral/sl…0LTkir6iaRh Hood Estates Trucking: bit.ly/2JQQnlZ Hood Estates Elite Real Estate: bit.ly/2HCXD25 Ericka Real Estate: bit.ly/2HqKiLb Ericka Williams Youtube: bit.ly/2Co0V6N Twenty 47 Watches: twenty47watches.com Todd Capital: www.gumroad.com/toddcapital TC Investment Club slack: launchpass.com/p/tcinvestmentclub HBCU Capital Club slack: launchpass.com/p/hbcurealtytoddcapital