House Money Weekly
In this week’s House Money Weekly segment, Lauren and Alan together with Mandy discuss blog 152 - What Do A, B, And C Asset Classes Mean in Real Estate? Alan finds that understanding the classes you're investing in helps you communicate with other real estate investors. Alan clarifies that an asset class does not reflect the tenant base. Second, it is simply a quick scorecard based on the property's location and condition. During their conversation, Lauren asks Alan and Mandy if they have ever been surprised when they inspected a property and found it different from how it was advertised. Mandy makes a “catfish” joke, then shares her understanding of A, B, C, and D assets. Asset Class A represents properties in the best locations and conditions, while Asset Class C and D denote those in the worst locations. Asset Class B encompasses properties that fall between these extremes. An important reminder from Alan is that just because you purchase an A-class property doesn't guarantee it will remain as such. Regarding choosing an asset class, Mandy advises knowing your goals. Lauren suggests purchasing a small multifamily property and house-hacking it, likening it to training wheels for becoming a landlord. Alan prefers to renovate to “level up” the asset class of the property.
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Mortgage Minute: Jasmine answers the question: What is an escrow account and how does it work?
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Real Estate Is Easy Segment
Lauren interviews Bryce Garcia. He is currently house hacking, and out of the house hack, he runs a dog sitting business with his partner, where the dogs are their roommates! Additionally, he manages two other short-term rentals. Along the way, he started writing online about his short-term rental experiences, which deepened his interest in writing. This led him to invest in learning copywriting and ghostwriting. Bryce has been able to assist many r
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