How To Buy Your First Rental Property In 2024 Even If You're Broke

[@NicholasBall130]

Biggest lesson i learnt in 2023 in the Real estate market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[@EleanorBaker474]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@lindabrooks6667]

Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@DilaraKamelya]

Could you kindly elaborate on the advisor's background and qualifications?

[@lindabrooks6667]

The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name, She's established.

[@VictorBiggerstaff]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@bernadofelix]

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

[@hersdera]

Personally, I can connect to that. When I began working with Margaret Johnson Arndt, a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

[@hersdera]

"Margaret Johnson Arndt" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market

[@whatta7793]

We can experience deflation from 2 things, 1) drill baby drill, which will lower inflation, and provide us with 2) lower fed rates, people will be back to selling/buying houses like before. My parents house has went from $380k to $520k~ cash offer from a local realtor company, who would probably flip it for an even bigger profit. It was $500k, but they've raised it to $520k, the realtor company themselves. It seems the only way I'd be able to get into real estate myself right now, is simply by purchasing in smaller cities/towns. Even houses in big cities but the ghetto, have went up 50-100%.

[@jorgesito..]

@HarveyMark-gk1omthis is exactly what will make it come down. Wait for people to start thinking it’s a better idea to save their money than spend it on our expensive economy and high interest rates, which means all big business will have less revenue such as real estate agencies and will need to drop prices to make people want to buy😊

[@ObamnasHusband]

You really think the fed is going to push us into negative inflation rates ? Thats like believing that a stripper is actually into you

[@taxuantrung3268]

I wasn't financial free until my 50’s and I’m still in my 50’s, bought my third house already, earn on a monthly through passive income, and got 4 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.

[@HEC892]

Thanks this is cool to read for a 33 year old with no real assets

[@rafaelalcaraz7250]

genuine question what took so long I don't mean that in a rude way im almost 30 and still have ways to go.

[@nanojimenez7079]

What if I’m 21 and no experience with some savings

[@genxnewb]

I started when I was 51. Now I have dividend cash flow and gonna scoop up some subtoo's when the economy really crashes

[@jazzjasllian]

Bot

[@AnastasiaIvan-hs3vg]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[@ZahidTaimoor95]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@AnnEve-mi5zv]

" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."

[@JeffreyAlice]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@BrooklynHarlow21]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@NwachukwuEdithN]

​@bellakinhs9921Trading under the guidance of an expert is the best strategy for beginners.

[@GeorgiaMoore.]

Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple vour investments if vou are young or middle age.

[@genavazquez2943]

Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[@Hermanjackson89]

Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

[@wilmabrock6401]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@wilmabrock6401]

Thanks for sharing, I just looked him up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly.

[@GebahardHariman]

Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@WeweAke]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@RebeccaGilpin]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@GebahardHariman]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who's the professional guiding you?

[@RebeccaGilpin]

Her name is "Patricia Strain' can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@VickDru]

$560k? Amazing! how did you get started?

[@adamwe12]

My man, I’ve seen many KZbin and TikTok videos. You’re 10 years younger than me and have given me the most legit and sensible step by step advice ever to date! Myself and most people struggle finding success in entrepreneurship because we’re all over the place! Focusing on one skill and mastering that like (e-commerce, or couch flipping) for example, really is hard to do. Especially if you fail at first. What I’ve noticed is what makes any venture easy is that it has to be something that doesn’t necessarily feel like “work”! When it just feels like a hobby, you’ll succeed at it. I first started following you because I plan on getting into the couch flipping venture. It seems like fun, and requires very little overhead. I plan renting a storage unit and doing it this coming spring and summer, and see where it takes me. You’re wisdom is beyond its time! You have a gift. Keep doing what you do my dude!

[@SP-dw9gi]

Don't say spring, just do it now, it's now or never.

[@DatSamurai]

I'm a W-2 worker trying to make my transition into my side venture. I definitely like the mention of buying a primary home first then get another one and turn the first one into your first rental. That's pretty much the path I'm looking to follow with the townhome I'm I've been in since 2021. Great info Ryan!

[@RyanPineda]

Great!

[@SP-dw9gi]

Been doing this for 10 years, a word of advice, buy ones that are close to your primary home, know houses Inside and out meaning how they are built ground up, systems etc. Build your trustable services people, HVAC, Plumbers, Carpenter's. Dont give your house to the first person who shows up with security, do background checks, and work checks, credit etc. Some of my best tenants are ones that didn't have a great credit score, so there is that lol.

[@Brucelee89896]

@@SP-dw9gi just closed on my house

[@rathkhan1114]

Where can I find this information that after one year you can upgrade to another house and make your previous primary house to rental house? Please let me know.

[@Arabella.overton]

^^

[@Hozefasulieman11]

I’m a kid and I’m dreaming to become a real estate agent sell houses and put them up for rent and stuff and while I’m still young I’m learning a lot from you and to anyone who is reading this I wish you reach succes

[@danielhechler]

Keep it up youngin u on the right path

[@J2SuaveLife]

Keep learning bro. It will pay off trust me never give up and always believe. You got it

[@J2SuaveLife]

How old are you?

[@kasiroy405]

Thanks so much Ryan! I currently live in the Midwest & I’m a w-2 worker trying desperately to get out of working for other people & become an entrepreneur. This video was super helpful

[@RainyDayz]

Thanks for this video! So I was able to purchase my first house (condo) back in 2014. Lived in it for awhile, now rent it out. The condo has almost doubled in value. One of the biggest things Ive learned is that things take time.

[@JewelWrites-so1gm]

The future belongs to those who believe in the beauty of their dreams . Success is a state of mind . I start investing my cash in other to achieve all my dream.

[@NwachukwuEdithN]

Most People fail to understand that living a life without passive income isn't worth much except trying to payoff debts and loans.

[@JeffreyAlice]

The market is profiting if you are using really a good broker or account manager to help out with trades or provide signals.

[@OliviaEmma-tk6qc]

Successful people don't become that way overnight. What most people see at a glance - wealth, a great career purpose is the result of hard work and hustle over time.

[@AnastasiaIvan-hs3vg]

​@ThomasNoah-eu1muJust like a sport, the players need a good coach to guide them well as to win a match , so as a beginners needs the guidance of a good expert to make profit.

[@ThomasHenry144]

So you guys know her too? Wow! she made my husband and I have our own house and car and She is awesome.

[@DanKohan]

House hacking a duplex is how I got started on my 16 unit portfolio.

[@edgarb2454]

Thank you I’m going to stick to growing my trucking business first then. Up 3 trucks. Goal is 42 in the state .

[@Lisa-nt7wt]

Thank you for being so positive about this subject. You are a great example of hard work at making your own dreams come true. I am so encouraged after hearing your tips. I am a w2 worker trying to break out and be independent. I have managing apartments for 12 years. I'm ready !

[@RyanPineda]

You can do it!

[@caribbeangirltv9468]

​@RyanPineda how can I invest 10stack

[@bb_ninja_cat]

This is the most authentic real estate advice I've heard on KZbin!

[@RyanPineda]

I appreciate that!

[@Tricia2023]

The problem with this is debt to ratio ! If you only make 50k 60k or 70k a year then you don’t qualify for a conventional loan for a rental property especially if the property is over 300 k with only 3 percent down ! Your debt to ratio will be to high on a rental property ! He is correct you would have to make way more a year to be able to purchase property !

[@lamarrboudreaux2082]

This wasn't the news I wanted to hear, but it was the info I needed to hear. Subscribed!

[@official_cabes]

So noble of you to look out for us and tell us the smarter way to do things instead of the "get rich quick" mindset.

[@jasonkoch7808]

I’m at the W-2 stage of my real estate career. I have all the ambition to get started but I’m not sure where to exactly look for and what specific step I need to do first. Love your videos and imma keep watching them.

[@Jesusgirl_21]

Hi Ryan, i live in South Florida. My friend and spiritual mentor has a Recovery house for women and a home church. They have to turn women away all the time because they only have one house. A couple months ago i was on the phone with his wife and i prayed God would provide more housing for their ministry as the ladies in the house they have now are thriving. Just wanted to put that out there. Saw your interview on Kaps channel, very cool testimony about getting the gift of tongues. The Lord bless you!

[@nalmedina1]

I like that you are getting more focus into Real Estate tips with your KZbin videos. I really love this video!!! Appreciated. I'm a beginner that only have two midterm rentals but I want to grow faster.

[@ef5842]

Ryan communicates so well that he makes this topic sound approachable.

[@vanesabenitezrealtor]

Im an entrepreneur I just start my first fix and flip with partnership and I just start watching your videos Ryan and wow I'm loving them. Remind me a lot of me n the way I want to build my business.

[@rnvictoria2090]

Hi! I want to buy my second property and I am really interested on how to fix and flip it, but definitely, I need partner to teach me the skills and ideas most importantly to share with financial.

[@NSE23]

If you’re broke, the least of your concerns should be trying to buy real estate. You can forget about taking some big risk, you’re putting your name on the line and your reputation. If I was broke, I’d just live within my means and work hard till I get to a point where whatever dream I have, I can finalize out a plan around it. Something may have worked for one person but it’s misguided to give everyone that advice and think it’s help.

[@gianthills]

work alone will not get you ahead

[@aaronburger8856]

My god. A person telling you to slow down and learn what the hell you're doing. What a breath of fresh air compared to everyone else telling you how easy it is.

[@faithmanifestedbygrace1423]

Still waiting for how to buy rental property EVEN IF YOURE BROKE

[@natemays1945]

It was hard to give you a thoughtful response without making it as long as it’s about to be. I hope this helps you out in someway. But if it doesn’t feel free to let me know and I’ll try to provide some clarity. I don’t know everything, but I’ll share with you what I’ve learned in the course of my life and what I’m implementing on my journey. Step one is most likely understanding why you’re broke. If there’s a cancerous habit or mentality that you have that is causing you to lack resources or resourcefulness, having 1, 10, or 100 rental properties probably won’t change your situation but actually make things more difficult in unpredictable ways. Step two: it seems like the best option he gave for buying broke is to find a solid deal and utilize the VA/FHA or other loans that support first-time homebuyers by allowing for less than 20% down. If you’re unable to save up for the small down payments, you could utilize other creative financing options like private investors to lend you the down payment money in return for a piece of the revenue the property would generate. Duplexes/quadplexes are really good for cash generation. The metrics you’d want to understand about a property before bringing the deal to an investor to help you with the down payment, or deciding to invest yourself, are the following: Net Operating Income (NOI): This is the annual rental income minus operating expenses (excluding mortgage payments). It indicates the property’s ability to generate income and is essential for assessing profitability. Cap Rate (Capitalization Rate): Calculated by dividing the NOI by the property’s purchase price. It helps measure the rate of return on the property. Cash on Cash Return: This measures the annual pre-tax cash flow divided by the total cash invested (down payment, closing costs). It evaluates the return on the actual cash invested. Debt Service Coverage Ratio (DSCR): This is the NOI divided by total debt service (annual mortgage payments). A DSCR above 1.25 is typically considered safe and ensures the property generates enough income to cover mortgage payments. Occupancy Rate: The number of rented units divided by total units. High occupancy rates indicate stable rental income and lower vacancy risks. Rental Income Potential: Assess local rental rates for similar properties to estimate potential rental income, ensuring the property can generate sufficient income to cover expenses and provide cash flow. Operating Expenses: Include property taxes, insurance, maintenance, and management fees. Accurate expense estimates are crucial for calculating NOI and overall profitability. Property Condition and Inspection: Conduct thorough inspections to identify immediate repair needs and ongoing maintenance requirements to avoid unexpected repair costs that could impact profitability. Location and Neighborhood Analysis: Consider crime rates, school quality, proximity to employment hubs, and future development plans. A desirable location can enhance property value and rental demand. Future Appreciation Potential: Research market trends and the potential for property value appreciation to add to the investment’s long-term profitability. Local Regulations and Zoning Laws: Understand local tenant-landlord laws and zoning requirements to ensure compliance and avoid legal issues. By thoroughly evaluating these metrics, you can make a well-informed decision and present a compelling case to potential investors. This approach not only secures the necessary funding but also ensures a profitable and sustainable investment. This may seem like a lot at first. But on the journey to financial freedom or living up to your potential in any way on this earth, a lot of times you only need a couple things. It’s curiosity and the willingness to explore your curiosity. I encourage you to ask what things are, what they mean, why they’re important, and more forms of why. More than just asking those questions, I encourage you to be childlike and go after figuring out the answers to them despite anybody else’s interest, but your own. Sometimes you come across bits of information that you never know how important they are until the moment presents itself that you figure out you needed that information. We’re all broken. We’re all lacking wealth in some way. Despite which way we’re all broke, achieving riches in all areas starts with one thing, and that’s your relationship to yourself.

[@Na-mh9du]

@@natemays1945i still don’t get it

[@natemays1945]

@@Na-mh9du can you explain what exactly it is that you don’t get?

[@TheRideshareHub]

THANK YOU RYAN

[@RyanPineda]

You're welcome!

[@lauraayala9891]

Thanks for your insights and at your 3:42 min. mark in your video, most viewers here should understand hiking up rents (which investors rely on) sadly, has lead to homelessness. Folks can't keep up with the new, beautifully remodeled homes. Not everyone is earning a professional wage. Home rentals changed to room rentals and most recently, it's morphed to room sharing: the cramming as many as 4 people to a room! I know an investor currently has gone into losing money consistently renting homes > to room renting > to room sharing (she found that families can no longer afford her rent rate!) in one state, leading her to flip both her properties quickly and settling herself in a mobile home (cheapest she could find for herself!) in another state. She's also changing her career! I'm seeing this over and over: folks can't afford rent that you and other investors expect. Since COVID conditions have driven e v e r y t h i n g to cost more, we're seeing how including Silicon Valley pay days cover far less. Budgeting seems to be one of the big hassles for working folks these days! Our values are clashing in this country, obviously. Perhaps, we could use a reliable business ethic whose "doors" could open every day and know that folks can afford products offered there. Good luck during these uncertain times. Note: we could see from state to state their large cities suffer less homelessness and investors could reliably get money $$ back on each investment if they wouldn't rush to outprice each rental as though it were their last. I'm only stating the obvious: sad results of vibrant cities slowly dying decade after decade in our country, USA.

[@thesamoanscouttv]

I just bought a single family house in Kansas. Granted the house was built back in 1958, the previous owner renovated and got the house in great condition. It’s a five bedroom and two bathrooms. Here in the Midwest is cheap to buy a property. Yes, it’s true that a lot of the properties aren’t worth the investment but, there are some that are in great condition. Depending on who you buy the property from. I make sure my inspectors are conducting their inspections in full detail before I agree to invest in it.

[@antitronic67]

The last piece of advise about investing in yourself first was the best single one that I have heard on youtube yet, thank you for beign honest!

[@georgianaavram139]

Thank you for this video! I am an entrepreneur and I appreciated what you talked about in terms of entrepreneurs investing. My business has nothing to do with real estate and I wanted to begin investing in real estate on the side. But I haven't yet mastered step 1, so I think it's probably a good idea to build my current business, get to step 1 first? Do I need to get to step 2 ($1 mil) before I consider investing in real estate? Your videos are so valuable

[@marloboutte6661]

Good advice! I'm just starting as a RE agent (picking the right marketing plan) , already have a great cash flowing property (which yes, we lived in first) and looking to make at least $250k yr as an agent here in Vegas!

[@Donswavey609]

Im currently an IT Consultant (just got off W-2, working for the same company) & I wholesale.

[@TheLoamWolf]

Reinvesting back in yourself comment was 🔥. Thank you for the advice and expertise. We have an audience I think would love to travel and ride mountain bikes in new destinations and as a business owner I want to diversify and get into airbnbs to offer these properties and experiences to our pretty good-sized audience but fear I may have “shiny object syndrome “ as you called it. Thanks a lot!

[@RyanPineda]

You're welcome!

[@CMVFlight]

Really great content! You got a new subscriber here. I look forward to purchasing my first home and I will turn that into my first rental property. Slow and steady.

[@fredsalfa]

I’ve got 3 properties so far but definitely looking to get 500 like yourself!

[@AaronBrady-pt9mx]

Bitcoin is on its way to down, getting closer to hitting new high prices, showing that it's loosing more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is mrs Beley Haener, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment

[@JoahnyBeatriceGarcia]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, we find it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Mrs Beley Haener. I now make huge profits by weekly through her services while still learning to stand on my own.

[@JamesHuang-sp3ek]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with.

[@JulianMael-us2bx]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@SophiaChristian-so2of]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@MarkFreeman-xi3rk]

Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.

[@cythiahan8455]

@@MarkFreeman-xi3rk Interesting Mark. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.

[@MarkFreeman-xi3rk]

Actually, I've shuffled through a few advisors in the past, and “ Margaret Johnson Arndt” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.

[@AntonioBianh]

Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.

[@Omarwilsonn]

W2 working right now, entrepreneur mindset and dream!! Finding the pieces to build generational wealth 🌞 Thank you!!

[@Hozefasulieman11]

Could you make a video on like how to start up. Like because how to invest the money and how much we should buy houses if it’s a good deal or bad deal

[@bster007]

Step 1: make 250K. That is great advice. Once u can make money like that you look at money differently and focus on abundance, not scarcity.

[@Ferment668]

My husband and I just bought our first townhome in Jan. 2024. We used the VA loan for 0% down. We are interested in holding onto the property to rent out in the future. Any advise on being a first time landlord? Or, should we fix it up and flip it, so if we sell we get a larger return.

[@geraldhodges3422]

I’m in the manage phase! Definitely motivated to keep pushing after watching this video. Thanks for the advise, Ryan! 💪🏼

[@RyanPineda]

You got this!

[@robmastriano]

I saw your video on starting a kingdom business. I am a 3D artist and my industry is in freefall, looking to start my own thing instead of getting laid off every year or so. Would love to chat if you are not to busy, or your media team can get this message to you. Thank you and God Bless.

[@wilmy6]

Love the honesty! Thats why I keep coming back. Currently looking for houses to start flipping with my husband. Thank you for the information provided!

[@tylermichniewich1680]

Great informational and honest video. Just starting to watch Ryan and definitely looking forward to all the good advice. Love the personal development insight. Jim Rohn said it also, Learn to work harder on yourself than you do your job.

[@jnx6650]

This is exactly what I needed to hear, I need to learn how to make manage and scale. Thanks

[@sparkletwist15]

Thank you! This video was very helpful. I'm 25 years old and just getting started in my career. I've graduated college and been in banking for 2 years, but I want to find out how to make income passively to build wealth.

[@BigStick_energy_fishing]

I'm in San Diego is it good Market or is it too expensive?

[@anthonymunaco8970]

Hey Ryan, Something that you said at the end of the video that really intrigued me was that you said to focus on a skill first then look at investing after. I work in the film industry and love to be in the creative field, but I am also very interested in building generational wealth through investing. Do you think investing in real estate is for me?

[@erikyanez6531]

Thank you great information! Been listening to you and Andy Elliot podcast you guys are motivating me to invest in myself. I’m a w-2 looking to get into real estate/property rental, before I do I wanna get as much knowledge as I can to I’m more successful

[@CoJonaz]

I’m a veteran about to be 30 I have a home that’s a primary residence that I got using the VA loan. I’ve been living in it for two years and me and my wife are W2 workers who currently have a combined income of over $120k. We want to get into buying another property as a primary residence and then renting out our current one. Any tips you have for us?

[@NJ-750]

Everyone boasts 0% down or 3% down. Down payment isn’t much of the issue however the lower dp you drop the higher the mortgage meaning it will eat up 90-110% of your rent. Meaning no income.

[@CBZBeatz-id6sk]

This was very helpful for my business

[@blakemarsh6446]

Would you recommend starting a Air BnB business as a business to master to help fund RE investments?

[@rnvictoria2090]

Hi! I bought my first property 3 years ago and I always want to buy another one. In fact last year I got approved for $450K mortgage loan but 10% and $60K down payment. May savings is not quite that enough. Any thoughts?

[@AmeeyahWil]

Home Equity Loan to buy your next property?

[@shumatsuopost]

Great video! It's really inspiring to see how you can still invest in real estate even if you don't have a lot of money to start with.

[@RyanPineda]

Totally agree!

[@knox7945]

I think it depends on where you live. I live in CA and depending on your location and rules of the city, it can get pricey. Especially with renovations and inspections.

[@JeffreySapp]

I'm in my W-2 phase trying to get my first house in North Hollywood California. In a year later I will get one in Austin Texas.

[@cryder106]

You're the reason I can find an affordable home buy and resell for more

[@diamondjosh1225]

I'm wanting to buy my 1st multi family complex but all banks are saying 20% down. I have no money. how can you help me purchase my 1st deal?

[@abhinavBhura-m4z]

you covered all the things and I like the strategy but you didn't cover for W2 PPL who is individual and not getting any tax returns every year for the past 5 years how do I manage with this scenario and smartly get a rental property and get profitable.

[@lautarorojas1396]

I live in Argentina, do you have some advice I live in Argentina, do you have any advice on how to buy your first home in a context of such high inflation as in my country, is there any way to benefit from this? There are no mortgage loans at the moment so I really don't know how I could do it.

[@khaleefathullahrahil3379]

Its cool and very informative, I wonder the rental that you earn from your rental property would be equal enough to repay mortgage, then how come you make a profit?? I knw this might sound like kinder garden type question to you, but please do answer

[@n0.sunshine]

I understand the concept but telling someone that they must first make more than 10% of the population before ever looking to buy real estate seems like gate keeping. Want to get out of your rut and make lots of money? Well first make lots of money and then start making money. It comes off as condescending because the initial part of making a lot of money is why people are looking into purchasing rental properties, otherwise they would have a lot of money and the change wouldn’t be so desired. Also the cost of repairs aren’t so high if you have the skills to do them yourself, which I would highly recommend achieving basic skills while owning these properties.

[@Mike_The_Hog_A_Nator]

Not, I've tried & all want a high deposit.. Low deposit, then you gotta dump money into them.. Remember, if it sounds good? It's most likely not true or possibly. Nothing is free

[@matthesloth]

24- got a two story 4 bed 2.5 single family in ca ❤❤❤❤ making dreams a reality. Stay dreaming awake

[@jigglywinx]

yoooo, can you give any advice? I'm also in cali, 27 & trying to buy a house with my fiance. Did you use loans or what's the strat?? lol

[@morriswade-y4t]

Very very informative vibe gonna have to watch again and take notes I’m a “w-2” working with a great desire to become a entrepreneur, generate wealth base it on to my offspring and completely get out of the work force.

[@rayscars1985]

Ryan, I am a W2 and I want to get my first rental.

[@marcteixeira8939]

Mahalo Ryan free advice. I’m around the same age as you and I definitely want to get my real estate portfolio bigger. This really gave me the tips and inspiration to how to start this journey.

[@enyzahj5505]

Can do a video on how to start on step by step on how to wholesale ? Live cold calling ?

[@atomicdevil25]

Thank you for this video bro, this really helped me ❤

[@edwardgarcia338]

This was a great video, and super informative. Thank you for sharing what you’ve learned!

[@susanallen8214]

In the W2 stage, wanting to accomplish my first investment property purchase and use as a short term rental in the Kansas City MO metro area.

[@aramisberrios9114]

My backyard is San Diego, it's way too expensive to lock down a rental property with the prices out here.

[@onlybygrace001]

W2 and not planning to quit job anytime soon but Im hoping to achieve financial freedom and independence in the future through rentals. But I dont know how or where to start 😭😭😭

[@pylogenic]

we're in this together brother

[@beatrizweddle3888]

Wow, openly admitting how you take advantage of people. Great tips.

[@gettingmylifeback4869]

Thanks for your honesty.

[@Nesquik181]

Step 1- start making over $20,000 per month

[@SabineCedor]

Great tips Ryan!!

[@Theadventurer12]

This advice applies to those living in the US only. Do you advice for those living in Belgium?

[@shaunmoorefinance]

Great video Ryan. Always good stuff for others to know as beginners 👌

[@RyanPineda]

Glad it was helpful!

[@otokogariz5064]

Would I have to buy a home to convert as my primary or would I be able to put a rental as my primary home while I’m doing a Airbnb or renting out the first home to others?

[@CriticalErA]

250K to invest in a rental property is actually investing in yourself and learning a skill at the same time my man. Great video nonetheless!

[@edinmartinez9170]

So what happens if you don’t go for primary and decide to get a loan for a house with no down payment and rent it out to have it pay itself?? Do I tell the bankers it’s for rental use? Or what do I do if I don’t want to be listed as primary home

[@mishayarmolich3283]

Awesome content! Lots of golden nuggets

[@RyanPineda]

Glad it was helpful!

[@westfield90]

Subbed as I just saw you with Myron and Fresh. Those guys are the best.

[@RyanPineda]

Thanks!

[@briannoriega544]

I’m w2 making at least 140k a year. I live in San Antonio to where it’s growing. I bought my first home 8 months ago, I want to get into real estate. Any suggestions?

[@AlexaV]

The news that I needed to hear. Thank you!

[@sdochoa100]

Hey Ryan, I'm a W-2 looking for my primary resident to turn into my first rental property. The problem is, I live in the bay area and it's crazy expensive. I can't move due to the fact I'm a UPS driver and i'm fully invested in my pension. And no, we are not able to transfer, if we do, we start at the bottom again. What to do, what to do?

[@isabelmendez2601]

Okay handsome. I'm learning and I'm taking notes. Hopefully I'll make those big Texas real estate dollars too. - Isabel Mendez Puerto Rican girl from Chicago

[@caycesperry6690]

so if I bought a primary home and wanted to later turn it into a rental would i then refinance as a rental?

[@Gdafu866jds]

If you buy a primary home, and end up renting it out, how would they know? Asking for a friend 😅 also what is the punishment if caught? Again, for my friend 😅 also when he says buy primary house every year, can you use FHA loan more than once?

[@444JustJaz]

Hi Ryan! Thanks for the info😊 I am currently self employed and working on Wholesaling. I was wondering why It wouldn't be a great idea to buy my first rental property being that I currently renting (paying my landlord rent) I was thinking about doing a house hack where it's a multi family I live there and rent the other side. Now that u said i shouldnt buy it got me curious as to why since im paying someone else rent anyways. Thank you for the encouragement I never knew how I would be able to buy a home being self employed.

[@cubanumero1]

If I put less money down, I am just betting on appreciation and loan paydown; why not do 20% down, cash flow, and benefit from all that real estate can offer? If you put 3% down for your primary residence, your payment will be as high as your rental income. Keep in mind that when you refinance, the bank will keep the 20% down, and your chance to purchase a second property with your appreciation goes down the toilet. if I am wrong, please correct me; thanks.

[@sanjuan24luis]

I’m a W-2 worker looking to take that next big step, just don’t know how to get it going I want to be financially free and I know this will be the right path to take I just need to figure out how to get it going

[@zparklezztudioz782]

My question is that if you are under 25 and is in university and just brought a primary home , but not living there , can I make it a short term rental ??? Help

[@JenniferMultifamily]

Very helpful information.

[@YouTuberr285]

Homie made this video timeless by saying "this year" and changing the title and description haha that is actually genius 🧠🧠🧠

[@carlagibson6396]

W-2 looking to purchase first rental property