"If you realky want something, you'll find a way. If not, you'll find an excuse." I needed that.
@kazchloros1036 Жыл бұрын
Qz❤t❤
@LaughtersHouse3 жыл бұрын
Hey all. If you watch his videos from a year ago, or 2 or 3 years ago you'll notice the process doesn't change. Thats because its really this simple. I found BP in 2017 bought 2 rentals in 2018, 1 in 2019 and about to buy 7 units before the end of this year. I could have bought much more in a shorter period of time. Fear and inaction were my barriers. Once people know you are an investor they will find you money, find you deals and help you grow, its ridiculous. Take informed action...do it today!
@OO-il6sl3 жыл бұрын
how do u get more rental props if ur income doesnt grow?
@LaughtersHouse3 жыл бұрын
@@OO-il6sl you mean from your 9-5? Like qualifying for another mortgage?
@brandoncostner74373 жыл бұрын
730 credit score 40k combined lines of credit (paid off debt free) 500k gross 30k net Even the 7% interest private loan guy won't give me more than 100k because of my net income
@LaughtersHouse3 жыл бұрын
@@brandoncostner7437 thats a good start. I assume your loan is limited by your ability to repay and your DTI ratio if you add a mortgage on there...if you haven't already join biggerpockets and post your situation and your goals...the community will help. Much better than me guiding you wrong...everybody has a unique situation and I am only a master of my own. The best advice I can give is take action
@innovateandinvest3 жыл бұрын
Great ideas
@SterlingWhiteRealEstate3 жыл бұрын
The best time to start was yesterday in real estate. The next best time is NOW.. Take action
@brendabastell62663 жыл бұрын
Hère o
@DannyKoRT3 жыл бұрын
Absolutely agree!
@yoshee25323 жыл бұрын
Guide me Sterling, new comer looking for guidance!
@gnomadicnorbert31803 жыл бұрын
Can't believe we can get this knowledge and wisdom for free
@jasonadkins14553 жыл бұрын
Brandon is awesome.
@Whoooiscam3 жыл бұрын
Facts think only like 20 odd years ago their were no computers or Google we are lucky to have this.
@findingdori62193 жыл бұрын
I know! I just paid $250 on another site : (
@davidreus93212 жыл бұрын
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this
@jarrettmacurdy36122 жыл бұрын
You are right. I also started my journey towards actualizing Financial independence. I am sick off earning from only one source especially 9-5daily. But I am having a tough time finding a good investment adviser. Seeing your testimonies, I believe that you achieved this through a good tactical means. I hope you don't mind sharing information on how you made it possible?
@davidreus93212 жыл бұрын
@@jarrettmacurdy3612 I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing
@jarrettmacurdy36122 жыл бұрын
@@davidreus9321 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@davidreus93212 жыл бұрын
@@jarrettmacurdy3612 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
@jamesarango23132 жыл бұрын
I have had the intentions of starting investing. But I always thought it was late but I think I need to stop procrastinating. I will definitely 🔍 Alexandra Diana Jose and see what she can advise .Thanks a lot . This was of so much help to me .
@RealEstateWithGaryWilson Жыл бұрын
My first rental was a 4 bedroom me and my partner purchased and rented 2 of the rooms that covered the mortgage with extra to spare! That was just the beginning....
@hashmatkatawazy9716 Жыл бұрын
the idea which buy a property in cash then rent it or pay 20% in advance and 80% mortgage
@samsguidetotraversecity34572 жыл бұрын
One of the most important things for me has been to understand it’s the long game. I’m not into the quick money game. Multi Family Real estate is all about the hold. Get rich over time. Rental real estate is the most forgiving investment. Slow and steady allows you to compound.
@lupusk9productions2 жыл бұрын
1:08 - 4 Reasons to buy rental property 2:54 - Determine your market 4:09 - Get pre-approved for financing 5:25 - Learn how to analyze properties 7:22 - Shopping for properties 8:29 - Start analyzing a lot of deals 9:25 - Make your offer! 10:36 - Due Diligence 11:33 - Manage your properties
@tukolo54083 жыл бұрын
I live in a duplex and rent out half. It is God sent, because rent has gone up like crazy in the Portland, OR area. Water is a big expense here too.
@biggerpockets2253 жыл бұрын
"𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩" +1 3 0 1 6 1 5 8 0 3 0
@adeolalawal61573 жыл бұрын
1-Cash Flow 2-Loan Pay down 3- Appreciation 4- Tax Benefits How to Buy 1-Market -Feel for prices, connect with other rental property owners 2-Get pre-approved-Network with other real estate investors in the area 3-Learn how to analyze properties- Find income from property manager, expenses from property owner- Monthly cash flow + CoC Return 4-Shop for properties - Start with a real estate agent -automatic emails 5- Analyze all the deals -analyze potential properties 6- Make your offer - quick and smart -you will get rejected- analyze enough and offer enough - improve offer (letter/faster)- under contract (earnest money) 1%- pledge 7- Due diligence - inspection from local inspection -title company - verify rental amounts and income and expenses - line up a property manager - insurance- close 8- manage the property
@jacquila86472 жыл бұрын
Thank you!
@armandorodriguez79073 жыл бұрын
I’m 24 years old and just got into RE, I really want to do this and I wont give up ! Ready to get out of my comfort zone :)
@Brucelee898963 жыл бұрын
bro is never to late, i am 23 and got pre aporved for a 260k loan, i used to be so scared but now i am shopping for my first property.
@metalmike5702 жыл бұрын
@@Brucelee89896 In your mid 20's is great, I'd say that's early.
@moonbentley74122 жыл бұрын
@@Brucelee89896 wow how were u able to do it at this age? Im 23 as well any tips for someone in California to increase my chances of success for an approval?
@Brucelee898962 жыл бұрын
@@moonbentley7412 damm i live in FLorida so is cheaper, not sure about california, just make sure you have money saved and been in your job for about 2 years, it also depends on your income, make sure your credit score is good and don't have any debt, this is not always the case but most of the time.
@jacksonfamily17442 жыл бұрын
start making youtube content and post your journey there.
@QueenTee-ne2bmАй бұрын
Thank you so much I'm a single mom of four great video I been looking into this since 2019 ❤
@brandonbarclow31353 жыл бұрын
I bought 4 properties this year. The process is quite simple. The key is to just get started. The beauty about rental properties is that you can "earn while you learn." BUT do not shop on your own. Use BP or an agent to help you find the deals. Also, I'm in the Dallas area and the numbers don't make sense. All of my properties are out of state in cash flowing markets (OKC and Jackson, MS). I have quality property management to look after my properties. I know it is counter intuitive, but you do NOT want to invest in your same neighborhood. You'll want to check on the propety all of the time and it will drive you crazy. It will completely take the "passive" out of passive income. The best thing that I could have done was to purchase in a place that I can't visit all of the time.
@v_osornio2 жыл бұрын
Good advice man thank u
@intentionallivingwithterik31112 жыл бұрын
Hey! Do you have a real estate agent in OKC or MS?
@timothyleee27204 Жыл бұрын
How much damage has been done to the properties already? That's my only hesitation
@brandonbarclow3135 Жыл бұрын
@@timothyleee27204 Of course, this was my hesitation also. But having a good investment counselor that I could trust definitely helped. Also, I had inspections done, and if there was significant work to be done, I either absorbed the costs or asked for the seller to take care of. You're really not buying as "blind" as you think.
@brandonbarclow3135 Жыл бұрын
@@intentionallivingwithterik3111 Sorry so late on this reply. I use Table Investment is Oklahoma City. In Mississippi (Jackson), I use The Equity Group. Glad to help
@mefirstandthegimmiegimmies51603 жыл бұрын
We tried the rental house thing and the returns were so low, unless you paid cash for the house, that it didn’t make sense. A couple hundred bucks a month return then you have tenants do 4 grand in damages over a year period will set you back a ton. We’ve been buying vacant land and turning them into rv rental spots and I’m making 1200 bucks a month per property with only 30 grand invested in each to get them ready to rent. Way more money and if the tenants tear up their rv it’s not my problem.
@sharethesucess59292 жыл бұрын
Hello I am looking in to real estate and buying land but I don't know where to start do you mind giving some suggestions thanks in advance and congratulations on your success.
@mrjweb35862 жыл бұрын
Thats genius 👏🏻 🙌 👌
@parkerjeans57772 жыл бұрын
It's more about cashing out the house for the value that they put into it. It's basically using someone else's money while you take the risk
@lmkestep2 жыл бұрын
As someone who's done jiu jitsu your analogy about choking out an frail old lady made my day. Thank you for your knowledge on this video. I'm done payin rent!
@ebonyjaiteh70423 жыл бұрын
I love Bigger Pockets! Thank you for everything you share with us Brandon.
@griffinmalcolm11322 жыл бұрын
My new years resolution is to buy my first home / rental by the end of the year. Already have an agent sending me properties. Going to learn how to analyze them now!
@nickbroome3322 жыл бұрын
I've BEEN ready to do this. My only set back is I live in a small town where there's no good real estate for sale. And I don't have the money to buy something and fix it up. And I wouldn't feel comfortable buying something very far out of state that I can't hop out of bed and be there if need be
@LizzieLara Жыл бұрын
Nice! Thanks for telling people to start with a Realtor. California Real Estate Agent here if you need any help! Loving all of this!
@Jeff-nm9km Жыл бұрын
Before you invest in your first rental property, should you establish your own business by forming an LLC or something like that?
@HastaLaVistaBoss3 жыл бұрын
Step número uno😀 nice I choose to invest on the beautiful coast of Spain. I'm steps away to get my second property there. I'm over the moon 😀 I have so much to learn but I still believe that taking action is more important than knowing everything!!!
@HastaLaVistaBoss3 жыл бұрын
@BOYCOTT FRANCE I'm on the coast of Valencia. Prices are not going up, but they don't go down as much as I'd like to see either :) But there are places that makes sense to buy. Some people might be desperate in these pandemic times and you might find good deals.
@hernandezjackson17852 жыл бұрын
HELLO WHAT'S THE WAY TO GET STARTED WITH TRADE.
@millergarcia18322 жыл бұрын
First thing to do is to stop all form of trade and seek the help of an expert to guide you through. A lot of people shy alway from this thinking they could do it alone and end up blowing up their account
@arslanbardakci74732 жыл бұрын
Trading has left me no choice than to keep investing. Mrs Lillian Donald service to the world 👍👍 It makes so much profit for me
@tammygraham64122 жыл бұрын
Interesting to see someone here speak of Mrs Lillian Donald service
@Jim_Parsons2 жыл бұрын
Yes I saw a recommendation like about the same earlier this month had a chat with her which she opened a trading slot for me making an initial investment of $200 and got a profit of $400 USD in 14 days. She has really changed my life and made me who I'm today
@martinsmith63282 жыл бұрын
@@Jim_Parsons pls how can one get through to Mrs Lillian Donald?
@sironeil-personalfinancere93673 жыл бұрын
Going through my journey of buying my first home/rental property. FHA Loan, House hack all the way baby 😎
@timtalkinball3 жыл бұрын
Duplex or single
@sironeil-personalfinancere93673 жыл бұрын
@@timtalkinball Triplex
@teamprofit91133 жыл бұрын
lol
@linemakersports36693 жыл бұрын
@@teamprofit9113 lol
@tubbyrainbow1113 жыл бұрын
@@linemakersports3669 lol
@MrKCDME3 жыл бұрын
Brandon, I have had the pleasure of listening to many of your audio books. I have purchased my first fixer upper and while it was a single-family home, I was still be able to house hack as I rented a room to my sister rather than her stay in the dorms of the local university. I recently flipped a property and am looking to roll the profits into my next BRRR property. Thank you for all of your insight!
@davidfredrickson51933 жыл бұрын
Have you considered forex investment,,it's a wise decision to multiple streams of income
@doodleknowledge Жыл бұрын
Totally agree. great video. As they say landlords grow rich in their sleep without working, risking, or economizing.
@metalmike5702 жыл бұрын
I love your high energy and yes it's something to be excited about. With real estate you can't go wrong. The odds it would not be profitable are like being struck by lightning!
@airtagoscar2 жыл бұрын
I'm still working on getting that down deposit
@catherineduncan66112 жыл бұрын
The problem with such a hot market is that houses are so expensive that there isn’t any cash flow. They aren’t renting for as much as mortgages will be.
@rickjohnson45532 жыл бұрын
Great information. I appreciate the help, will be purchasing my first rental property (3 or 4 unit) in a year and getting things prepared. Will be recommending the video to others as well.
@cameronspeed9052 Жыл бұрын
Good information! Very broad and gives us the opportunity to learn and confirm on our own. THANK YOU!
@michaelnorris27473 жыл бұрын
It's crazy how the universe works...When I first started searching for my first property I was lead to your blog or website yeast ago...I gave up due to self-destruction and I finally found the courage to finally get my first property officially now...And this video is a KZbin Suggestion...Man thank you for everything you do and thank you for not giving up as I did years ago...Well here's take 2...
@skylershoup56272 жыл бұрын
How is it going?
@michaelnorris27472 жыл бұрын
@@skylershoup5627 well my first deal was a bust due to lack of funds so ive been working and saving so i can just purchase my first property out right since my credit sucks...Gotta crawl before we walk...
@chrislaney88612 жыл бұрын
I ended up with my first rental property sort of on accident and it’s turned out to be great. This video gets me fired up to go after another one! Thank you!
@kellylevine19793 жыл бұрын
It has been well over a year since I listened to you Brandon (side tracked with other things) and look at your amazing beard!! I love it! Glad to see you and your family made it out to Hawaii! Shaka Bra!
@nathanleger22682 жыл бұрын
Shout out from Maine ! cant wait to get started... im in the education phase of all of this but i'm super excited.
@hansonw54093 жыл бұрын
I would love to have a rental house but I think what's best right now is to look for a good platform and invest on, and I think forex will be a good place because I have heard so much about it and how profitable it is, but I don't know how to go with it
@jonesjack8933 жыл бұрын
Forex trading is profitable if you have the right strategy, am speaking from experience because I made losses initially in the past now I make profit
@judasmathew59243 жыл бұрын
No magic in trading having a strategy that ensures profit is the best you can do and that’s not for novice, lost over $5k trading with bad strategy but with the help of Mr Carlton Jefferson I have recovered losses and even made more
@sebastiancamila60253 жыл бұрын
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
@bryanwindham47013 жыл бұрын
started with $3500, he charges a commission on profit made. I appreciate the trust built over the past few months of working with him and I respect him for his honesty and hard work
@hansonw54093 жыл бұрын
This is exactly what I've been looking for, thanks for this valuable information, how can I get to this professional?
@5thsealministries6853 жыл бұрын
I BOUGHT 6 MOBILE HOMES EACH ON THEIR OWNS LOTS WITHIN 1 BLOCK OF EACH OTHER AND PAID CASH. OVER 60K A YR MONEY BACK IN 2 YRS
@ActNormalKid3 жыл бұрын
Ready to stop making excuses and finally jump out of my comfort zone to do this!
@kwkcardinal3 жыл бұрын
Yeah, let’s see an update. Find a property yet?
@coolma94673 жыл бұрын
Me too
@jasonadkins14553 жыл бұрын
Do it. Best decision you can make.
@JayLupe3 жыл бұрын
Same here amber, im gonna start from scratch(completely). I have NO money saved up(none, at all) and im gonna get another job, to get enough for a down payment and buy a rental property, ill comment on this thread again once i take the next step. Good luck ladies and gents!
@Mificusuhejc3 жыл бұрын
Me too, best of luck my friend
@lovefortheplant69973 жыл бұрын
Nailed it. Most concise and thorough Rental 101 I've ever seen 👍🏼
@sbombfitness2 жыл бұрын
I have about $25,000 saved up now at 19, and am planning on splitting a $250,000 rental townhouse 50/50 with my grandpa. I have to buy out of state though because I live in an extremely expensive area.
@jacquelinemolonyartandcrafts2 жыл бұрын
Finally a video where they don’t just talk about the why it’s the how too thank you
@SterlingWhiteRealEstate3 жыл бұрын
3:39 "If you find that prices are just too expensive in your market, you can always invest long distance." If there's a will, there's a way.
@davidfredrickson51933 жыл бұрын
Yeah,, investing with a company makes it that much sweeter
@joshuagautreau65559 ай бұрын
You would have to really trust the company. My buddy says his best rentals are the ones he lives close to. I guess b/c he can keep an eye on them.
@b_dub8414 Жыл бұрын
I got lucky. Got my 1st house with 0% down. All I got into it is some small repairs. Looking to get my first Tennant in a few months when I go work out of town. Looking to make some deals when I'm gone to build on that momentum
@Wowvod Жыл бұрын
Whats the process of finding tenants that’s the part I’m stuck on
@b_dub8414 Жыл бұрын
@Sayjaeb honestly, that's where I'm stuck. My friends have a trusted realtor they work with to do the screening based off their criteria. I may just do that.
@robertrich073 жыл бұрын
Can you guys do a video or rec a vid on purchasing foreclosures?
@tsukiwibeauty52402 жыл бұрын
I don’t have KZbin premium but want to take note as I watch so here the quick summary. 1. Find the market. Local 1-2h away or out of state (long term). Out of state will require special handling and teams. 2. Get Pre-Approved: Bank or Local lender. If you plan to live in the property for a year or so. You can have as low as 3% down. Other way is partnering if you have no money. Bring the deal and they bring down payment. 3. Learn how to analyze property. (You can use BP calculator). Understand the property income (information can be collected from PM) and see the real expenses. Focus on the money cash flow and Cash-on-Cash Return (The return your money make in a year). 4. Shopping for properties and tryna determine the number and see what can work out. Start with a real estate agent (the one who works with investors) and have them send the type of property ur looking for as an email automation. 5. Practice LOTS of deal analysis. Become great at it and understand everything. 6. Make your offer. Ur Agent is gonna help you with this. Rejections will happen, it’s normal. Make sure you offer enough. Find ways to improve your offers. Until you get one under contract. You may have to pay what’s called Earnest money, around 1%. It serves as a pledge or a promise that you’re serious about the property. Usually refundable when you buy or back out for a good reason. 7. Due diligence. Do inspection. Agent will help find attorney and insurance and company that help u close. Verify rental income and expense. Send payment and closing. 8. Manage the property. Find a great Property Manager. Keep an eyes on them. You can also self manage, it’ll save your money but it can be a lot of work and you’ll need great systems to make it easy to manage.
@tristanxavier20823 жыл бұрын
Can you do a video on the pro/con of 15 /30 yr mortgage if it’s going to be a rental property
@Untryn3 жыл бұрын
Personal Notes: 1. Determine your market / use realtor.com, Zillow, you can also invest long distance w/ David Greenes book 2. Get pre approved by bank or local lender 3. Learn how to Analyze properties! / bigger pockets website has a calculator, find cash on cash return 4. Shop for properties / Tip for beginners: use a real estate for help 5. Analyze deals / do this every day 6. Make your offer & be prepared to get rejected, learn from every rejection - earnest money: when your property is under contract this is your “pledge/place holder” to the seller, usually 1% of property, typically refundable 7. Due Diligence / use an agent or property manager to help you. Everything you do between contract and closing - inspection on property from local prop inspector - title company to help closing - if there’s already tenants make sure you verify their rental rates - get insurance 8. Manage the property or hire a manager - nobody will care about your property as much as you - brandon has a book on this
@davidfredrickson51933 жыл бұрын
Thinking about a business to make money weekly,, With over 60,000 account holders blockspace has been at the forefront of the forex trading industry since 2016,access over 10,000 global markets and trade with attractive marginal rates..it is regarded as one of the best, most beneficial, brilliantly successful companies in the industry of forex trading and investing
@shanet.78213 жыл бұрын
Whoa whoa whoa, Maui?! Same here. I’m always depressed by the prices here. How can you start here? Love to see a video or some advice on starting in an expensive market; Hawai!
@alanswanson19522 жыл бұрын
I would not partner with anyone. I have never done it and never would. Half the profit double the hassle
@miltymadeit98152 жыл бұрын
Gotta stop listening to everyone around me telling me not to do it. Im doing what i want now.
@TagBeatz2 жыл бұрын
omg this is Brandon Turner..... loving his book right now.
@uriel-heavensguardian89492 жыл бұрын
ThanksFor the video it’s encouraging because I was looking into long-distance rental properties but my family keeps telling me that is a set up for disaster. Thank you for reassuring but it’s possible and OK to do. You just picked up a subscriber
@1ofnoother2 жыл бұрын
Is there a video on how we can determine where to buy property? Do you look at price to rent ratios first? Community, sales prices, taxes and rental laws for LTR vs STRs? Thanks
@brunapalomaro8803 жыл бұрын
imagine having him as a mentor haha awesome
@jordankane6504 Жыл бұрын
I like how the first thing he says after purchasing the book his wife and himself wrote was "if you don't want to buy it go borrow it from a library". This dude is legit. There are too few people in the world these days not trying to make a buck off of everything they do.
@krisemorado7755 Жыл бұрын
What advice do you have for the LLC route,?
@vincentbrown68182 жыл бұрын
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
@binagital56652 жыл бұрын
His trade execution quality and profiting is well structured with great financial features.
@lindalily69242 жыл бұрын
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
@jasonthomas2692 жыл бұрын
Good good content.
@abscottcoleman4002 жыл бұрын
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
@katlinmicheal81212 жыл бұрын
I've seen so many review about this man called Romero pieto who is he ?
@cristinabaker52922 жыл бұрын
I own a rental home in New York that I want to sell. Should I wait until my tenants have moved out - or tell them the bad news now?
@alinaally60482 жыл бұрын
Be careful in New York. The laws are in favor of the tenant. They could potentially live there rent free for over a year with some lame excuse not to pay rent and having no other place to live.
@Gbdnd2 жыл бұрын
Last October, one of our tenants talked about their parents buying our building and asked if we interested in selling. We tried to work out that deal, but it fell through. So we told our tenants we were planning to sell "next year". They both (duplex) gave notice about 20 days later and left us empty at Christmas. I would still do it the same way if I had a do over - they were faithful and on time even mostly through COVID and for almost a decade previously
@kucheranraina92012 жыл бұрын
I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@mooreleigh89282 жыл бұрын
@@kucheranraina9201 My portfolio grew by 1,000% within 10 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@mooreleigh89282 жыл бұрын
@@kucheranraina9201 I would advice you to reach out to Jennifer Elizabeth Boland. Through her you can get strategies designed to address your unique long-term goals and financial dreams.
@Thrivinglife38353 жыл бұрын
My offer was just accepted and this is my first rental property and it is very expensive. I know that I don’t have a cash flow. But I know the market very well. I know for sure that i will have no problem with renters. Because the location is superb 2 mins away from the university and the hospital. I will be good in the long run... The market here ( Southern California) is so expensive...
@moonbentley74122 жыл бұрын
I live in socal as well and am looking to invest in my first property…how has urs been going since its been 11months now?
@Thrivinglife3835 Жыл бұрын
It was a great buy, thank God! The price appreciate from 382k to 480k in 9 months. It was a good timing. And I have great renters.
@melefante63 жыл бұрын
BP is an awesome resource to learn and get started in RE. I believe the most lucrative investment and fastest path to financial freedom is short term rentals. You could be financially free after only a few properties as compared to long term rentals where you'll likely need dozens of doors to reach the same numbers.
@bobwillis65843 жыл бұрын
I watched your last few videos.. honestly really interesting on the STR stuff
@davidfredrickson51933 жыл бұрын
@@bobwillis6584 I prefer forex trading
@nonplayercharacterbot1553 жыл бұрын
I'm jumping in next month. Wish us luck! 👌🏽🤞🏽
@sleezy38052 жыл бұрын
How’s it going
@reclaimingminds28112 жыл бұрын
Great introductory video for newbies! I liked the part on carrying out due diligence and always keeping a look in on your properties - thank you!
@jenniferward80882 жыл бұрын
Super helpful! I train jiu jitsu too! It's a great metaphor on starting something new and working towards any goal.
@pjscoglio74823 жыл бұрын
Hello, im 14 and was wondering if anyone has any tips for real estate and income/investing? Any books?
@ft65103 жыл бұрын
The complete guide to property investment by Rob Dix and he's other property books are a good place to start.
@georgeperez31823 жыл бұрын
What if you already have your own home but want to get in the rental investment? What would do in this case? Do you take out the equity to purchase the investment?
@innovateandinvest3 жыл бұрын
See if your bank lets you do a HELOC home equity line of credit
@shantimindproductions55853 жыл бұрын
Heloc can be variable rate. Compare it to cash out refinance, which may be fixed rate. Check with a mortgage broker.
@chaunceymoss67562 жыл бұрын
Great information well received…. Thank you
@maaidakausar98022 жыл бұрын
You are incredible
@jaiedanlee789111 ай бұрын
Loved the video, straight to the point and very helpful!👍
@DanielRicanyАй бұрын
DO NOT USE AGENT REFERRED INSPECTORS, ATTORNEYS, SURVEYORS OR TITLE COMPANIES, etc. always get a recommendation from them on who to use, and then use somebody other than who they recommended. Many are shady and will do whatever to push the deal through so they get more referrals from that agent. It’s a dog eat dog world.
@anahlv3 жыл бұрын
Awesome video! I was able to follow along the whole time. Thank you!
@withallmysweetness3 жыл бұрын
Happy Tuesday Everyone!!! 🌞
@milesherron55432 жыл бұрын
Man's going to heaven
@ToddBaldwin3 жыл бұрын
I think if 2020 has taught us anything about the economy, it is to have multiple streams of income, preferably streams that the government won't shut down.
@dilonseder1850 Жыл бұрын
The choking out of the old lady statement was hilarious
@gianthills Жыл бұрын
Finding a fixer upper makes the most sense to me. buy low. NEVER use the Inspector recommended by the Agent. They are working for the Agent, not you. You have to find the Inspector on your own, perhaps one not in the county, or the inspection will likely be fudged and you could be royally screwed.
@timothyleee27204 Жыл бұрын
Thank you for that sir
@enmarcanete4682 жыл бұрын
Blessed Saturday Sir Bigger Pockets,thank you for your help in how to invest in Real Property for the millions of people around the world
@biggerpockets50892 жыл бұрын
Thanks for viewing and contributing! I’ll share some beneficial knowledge. Let’s converse on the number above
@omrtnz51003 жыл бұрын
😲You moved to Hawaii! I've been out of the loop for a while. 🤣Choked out a 90yo woman, good job. 👍🏼As always, good tips. I'm hoping to get my 23yo old son into rentals. He saved almost $9k already. We're looking to use the low down, live in, multi unit strategy for the first property. He works 5 days a week, a plays video games on his spare time and kind off a lazy procrastinator. Do you think this will work for him? I figured if he gets a bunch of multi units with property management he won't have to worry about dealing with the rentals and can retire early.
@davidfredrickson51933 жыл бұрын
Thinking about a business to make money weekly,, With over 60,000 account holders blockspace has been at the forefront of the forex trading industry since 2016,access over 10,000 global markets and trade with attractive marginal rates..it is regarded as one of the best, most beneficial, brilliantly successful companies in the industry of forex trading and investing
@amathew0619742 жыл бұрын
I think I am bit confused how we get benefit from rental property. Your rental income is part of your income and part of sell assessment. Then you pay tax as normal. Unless you buy a property on companies name. Bit clarity requires. Just thought to mention. But I love ur content
@shannonrichburg6132 жыл бұрын
loved the old lady choke out bit......
@shadrach62992 жыл бұрын
I don’t manage my own properties myself. I don’t have the temperament for it. Where I live the management fees are not that high.
@TylerWehrung3 жыл бұрын
Awesome! Love how you always break things down in to actionable steps that ANYONE can do!
@mistermosley30122 жыл бұрын
Bigger pockets! Yessir 🔥🔥💸
@maalikserebryakov6 ай бұрын
I personally enjoy playing in the job market. I don’t see it as a type of slavery at all. i mean if you’re scrubbing toilets sure you have the right to hate it but if you’re in a decently interesting field like Computer Science or engineering,then there’s plenty to do and think about to have fun.
@Isaactheshredder3 жыл бұрын
So helpful. Thank you
@andream.thompson1262 жыл бұрын
Good Video l learned a lot about getting into rental properties. I am new to the real estate industry.
@featheredserpentofthewest20493 жыл бұрын
Awesome..thanks. I love your books too man
@ayanmohamed46043 жыл бұрын
I can’t wait to buy my first rental property at the end of 2021
@chrissain9253 жыл бұрын
Really
@jamirwalker2 жыл бұрын
Keep us updated!
@aniyahlee-burton4110 Жыл бұрын
update?
@mplscarsales66522 жыл бұрын
Just found your channel visited hundreds of other channels seems like everyone trying to keep it a secret 🤫! Worlds big enough to share Thanks for your advice .
@marksmith45122 жыл бұрын
How to you account for hidden defects like asbestos in vent registers or a sewer stack breaking?? How much do you set aside for reserves for hidden defects?
@dpirkl456011 ай бұрын
Knowing the area and general construction practices will help with that part. Knowing professionals in mechanical and construction can give you insight what to look for and ballpark costs.
@tyjameson74043 жыл бұрын
Great video Brandon 👍🏼🙌🏼👌❤️Thank you!!🙏🏽
@ronaldshepherd59923 жыл бұрын
This is exactly what I was looking for. Thank you
@davidfredrickson51933 жыл бұрын
Thinking about a business to make money weekly,, With over 60,000 account holders blockspace has been at the forefront of the forex trading industry since 2016,access over 10,000 global markets and trade with attractive marginal rates..it is regarded as one of the best, most beneficial, brilliantly successful companies in the industry of forex trading and investing
@fsm1238510 ай бұрын
10 offers 9 rejections still equals 1 acceptance , Great Show, you guys rock at Bigger pockets True advice
@Kojima932 жыл бұрын
I'm a black belt in bjj. But a white belt in property rentals lol thank you for this.
@byronspencer-williams51263 жыл бұрын
One of the bad things about living in the UK is you need 25% down payment to buy a rental property and you get a slightly higher interest rate on the mortgage too. I think it’s to deter the wealthy buying up all the property and cornering the housing market so people can own there own homes. In the UK there is a big emphasis to own your own home, it’s instilled from an early age.
@biggerpockets2253 жыл бұрын
"𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩" +1 3 0 1 6 1 5 8 0 3 0
@LaughtersHouse3 жыл бұрын
Very similar in the US.
@rentospropertymanagementso48953 жыл бұрын
Very helpful video with great tips for the people who are new to real estate.
@cancer23619642 жыл бұрын
How many properties should you analysis
@kimsy26083 жыл бұрын
Why does the making an offer comes first before doing your due diligence?
@Mcomestoo237 Жыл бұрын
Finally something useful, thank you!
@dana2212 жыл бұрын
Love this video! Very detail and encouraging. I have 150k in equity of my home right now and looking to put that money into a duplex as an investment. The duplex I want is about 550k. Is it too risky by using heloc of my home for this investment? Please help.
@viaisgoncalves3 жыл бұрын
Thumbs up???? I wish I had more hands!!! You are amazing Brandon!!👍👍👍👍👍👍👍👍👍👍👍🇵🇹
@LoriLivers3 жыл бұрын
I use BRRRR to create my passive income - and live the life I want to live instead of life I thought I had to live 😍
@tannerwoolley25513 жыл бұрын
Would you recommend a BRRRR for a first deal?
@LoriLivers3 жыл бұрын
@@tannerwoolley2551 yes! my first, and all subsequent properties have been acquired using the BRRRR strategy
@tannerwoolley25513 жыл бұрын
@@LoriLivers thank you!! Everyone we’ve talked to says it’s a terrible idea. Could my wife and I connect with you by chance to get your thoughts???
@LoriLivers3 жыл бұрын
@@tannerwoolley2551 of course! I understand the hesitation some people find with the strategy. To be completely transparent - I do leave some money in the deal. So if you're looking to have no money left invested in the deal, than that is not the exact way I use the strategy. In my experience - this is where some people get concerned with the strategy.
@tannerwoolley25513 жыл бұрын
@@LoriLivers you’re literally saying what my wife and I have been saying for weeks now, why can’t you leave money in the deal?? You’re still gaining wealth, cash flow, and paying down equity? Unless I’m missing something that’s a huge downside?