Navigating the Bases for Real Estate Investment Success with Jon Walker
Walker Asset Management Realty
[{'start': '0.000', 'end': '6.480', 'text': "Hi I'm Jon Walker Walker Asset Management Realty\xa0\nand today we're going to talk a little bit about"}, {'start': '7.280', 'end': '14.080', 'text': 'positioning one for investment real estate\xa0\npurchase so when someone comes to me and asks'}, {'start': '14.080', 'end': '19.200', 'text': "if they I can help them buy a property I'm like\xa0\nI'm happy to do that so it's what are you going"}, {'start': '19.200', 'end': '25.680', 'text': 'to use the property for it going to be your home\xa0\nor is it going to be an investment one provides'}, {'start': '25.680', 'end': '30.640', 'text': "a lot of emotion if you're going to move into\xa0\nit yourself the other we need to keep emotion"}, {'start': '30.640', 'end': '36.800', 'text': "out of it because it's all about the property\xa0\nand the return it's going to provide so I want"}, {'start': '36.800', 'end': '43.920', 'text': "people to visualize a baseball infield and\xa0\nwe're going to talk about the various bases"}, {'start': '43.920', 'end': '50.960', 'text': "so when you're going to buy a property when you\xa0\nhit first base then that is when you find the"}, {'start': '50.960', 'end': '57.760', 'text': 'property that is going to work for you second\xa0\nbase is getting that property under contract'}, {'start': '57.760', 'end': '65.120', 'text': "third base is getting the property closed now\xa0\nthat's typically when most agents walk off the"}, {'start': '65.120', 'end': '70.880', 'text': "field because they don't provide property\xa0\nmanagement and home base is getting back"}, {'start': '70.880', 'end': '78.160', 'text': 'to home and getting your home in position for\xa0\nproperty management and to secure that rental'}, {'start': '78.160', 'end': '84.000', 'text': 'so when a person is looking for a house\xa0\nto purchase or a duplex or a fourplex or'}, {'start': '84.000', 'end': '89.440', 'text': "whichever the property is they've got to\xa0\nfigure out whatever they're going to buy"}, {'start': '89.440', 'end': '96.560', 'text': 'and they determine their down payment which with\xa0\ninvestment property is typically 20 to 25% of the'}, {'start': '96.560', 'end': '102.560', 'text': 'purchase of the value of the property and what is\xa0\nthat mortgage going to be you have your principal'}, {'start': '102.560', 'end': '110.160', 'text': 'interest then you add your property taxes and\xa0\nyou add your insurance so that PITI payment that'}, {'start': '110.160', 'end': '115.520', 'text': "total payment is what you're going to have to pay\xa0\neach and every month so if you buy an expensive"}, {'start': '115.520', 'end': '123.840', 'text': "property then it's likely that that property will\xa0\nnot rent for enough money to cover that high PITI"}, {'start': '123.840', 'end': '132.640', 'text': 'payment so one needs to figure that out and have\xa0\na good view of what their uh ballpark is on the'}, {'start': '132.640', 'end': '138.800', 'text': "type of property that they're looking to invest\xa0\nand uh we'll touch on each one of these bases in"}, {'start': '138.800', 'end': '145.360', 'text': 'subsequent videos in more detail but I wanted to\xa0\ngive you all a little bit of an overview of the'}, {'start': '145.360', 'end': '153.280', 'text': 'positioning oneself and things that you have to\xa0\nbe mindful of when purchasing investment property'}]