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8 Neighborhoods In America’s Most Expensive Cities Where You Still Can Rent For Cheap (Sort Of…)

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Yes, rent in big cities is “too damn high.”

But if you’re looking to move to one of America’s most expensive cities, you can still find some deals in affordable neighborhoods. Here’s where you need to look, per Inc.:

1. San Francisco

Despite San Francisco being popularly tagged as a pricey city, you can check out relatively inexpensive neighborhoods like Lower Pacific Heights, Japantown, Laurel Heights, and Fillmore District.

2. Irvine

With the city seeing a massive number of tech companies moving in, rentals have shot up. Its business district, however, gives a breather – median rents are still lower by about $1,000 when compared to the rest of the city.

3. Los Angeles

While Los Angeles continues to list some of the most expensive neighborhoods across the nation, the coastal region of San Pedro welcomes residents with median rentals that touch $2,240.

4. San Jose

San Jose continues to be a large tech hub – with its infamous rental costs. In the midst of Silicon Valley’s tech center, median rents can peak to $3,500, and buying a home can set you back by around $1 million. However, East San Jose offers a better deal. You can find median rents hovering around $3,200, which is a tad cheaper than the rest of the city.

5.  Seattle

Despite Seattle housing some of the most expensive neighborhoods, regions like Greenwood offer residents median rents that are around $2,300.

6. New York

With median rents touching $3,000 in the city, the neighborhood of Williamsbridge, in the northern part of Bronx, has rents that are almost half of what the rest of the city offers.

7. Boston

Median rents in Boston are almost twice the national ones, with rents crossing $5,000 dollars. In the neighborhood of West Roxbury, however, you can find homes which offer median rents of around $2,000.

8. San Diego

One of San Diego’s oldest regions, Grantville, enjoys affordable median rents that hover around $1,600 when compared to the rest of the city at $2,695.

Real Estate Investing

Top 10 Black Real Estate Accounts To Follow On Instagram

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From real estate investing to startups, Instagram’s become a goldmine for budding entrepreneurs, offering quick, motivational content across a variety of sectors. 

In our “Top 10” article series, we highlight some of the best accounts in different spaces. In this piece, we highlight the top black real estate accounts to follow.

1. @Mr Jay Morrison

A bonafide real estate influencer, Jay Morrison’s built the Jay Morrison Academy, an Inc. 5000 business that teaches financial literacy. He made history in 2018 when he raised close to $10M in one week for #TREF, the then-largest black-owned real estate crowdfund in the country.

Known for: Jay Morrison Academy, Corner Classes and 

Followers: 414K

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Real Estate Investing

Chicago Real Estate Mogul: Here’s How You Flip Houses

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Chicago-based Sean Conlon is a real estate investor extraordinaire. He started his career in the early ’90s, quickly becoming the top residential realtor in the nation with nine figures in annual volume.

Conlon’s the host of CNBC’s real estate show The Deed. On this show, he helps investors flip properties and intercept the issues that come up along the way. His main advice is to “always have a plan B” and “hold investments for at least five years.”

Considering that “shelter” has yet to be disrupted, real estate to date remains an asset class that will never go out of style.

While many real estate shows make flipping look easy, Conlon’s program, the Chicago Tribune described it, sheds a different light: “A nerve-wracking endeavor where grit is essential and profits are far from assured.”

“Trust but verify,” he says about people and his money. (Good one, Sean.) In this video, Conlon gives some insights into how to become a real estate investment master.

Take a look.

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Real Estate Investing

VIDEO: 4 Myths About Real Estate, Debunked!

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From bubbles to recessions to risk, there are tons of myths surrounding real estate investments. Fortunately for you (and other WealthLAB addicts), most of them are untrue. In this video, WealthLAB’s investor/author Philip Michael debunks four myths about real estate investing.

(If you wanna know how Philip turned $79 into an eight-figure portfolio, cop a copy of Philip’s bestseller  Real Estate Wealth Hacking: How To 10x Your Net Worth In 18 Months.)

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