This is the best and most honest podcast I have found. Thank you so much.. I learnt a lot
@JG-zt3cg10 ай бұрын
These older episodes of BP are gold. No fluff, no theatrics, just good old knowledge and common sense.
@unknown4554 Жыл бұрын
I bought a house with a Va loan. I covered my closing costs. I bought my interest rate. It’s a 3 bedroom 3 bathroom home newly remodeled. I got 3 roommates that pay me rent. I converted my living room into a private bedroom. I talked with my lender and in a couple months I’m going to rent out this home, and buy another home. Rinse and repeat.
@D2DaC10 ай бұрын
How do you get the money to purchase the second property ?
@unknown455410 ай бұрын
Well I still have remaining entitlement with a Va loan I don’t need a down payment. I just need to cover closing costs but you’d be surprised the amount of people who are looking to rent out a room. My mortgage is pretty much covered by roommates so a lot of my income I have left over
@D2DaC10 ай бұрын
@@unknown4554 for someone who does not have a va loan,what advice do you have to on getting the money for the second property?and nice I wish you luck
@jpolweny9 ай бұрын
@unknown4554 love your strategy! Were you able to get that second property? What is your strategy to deal with interest rates that have doubled since your last?
@ryanmatze Жыл бұрын
Open an LLC -> Get a line of credit -> Buy real estate. Use other people's money (OPM) to speed up the process
@folkbigtig008 Жыл бұрын
Love this. Share some of the concerns and risks though
@bronson448 Жыл бұрын
Building credit under your LLC’s EIN #, when it’s completely detached from you personally doesn’t happen overnight…
@ryanmatze Жыл бұрын
@@bronson448 that's a fair point, but your line of credit could get you off the ground with a few of the strategies in this video pretty quickly.
@ryanmatze Жыл бұрын
@@folkbigtig008 with many things, it depends. For this it depends on which strategy you choose. Did you have something in mind?
@David-tv3mg Жыл бұрын
What do you mean use other people’s money. What are a few examples of how that is done?
@lizaalbacite4077 Жыл бұрын
I work 2 jobs, 71 hour a week, and on my day off, I do photography. But I am ambitious and I know working hard as an employee won't get me further in life. I like my jobs but I wanna be able to slow down and enjoy life sometimes. This will help a lot. It's now 3:33am while typing this. That's how much time I've spent trying to look for the right videos that will guide me to my plan of doing Airbnb.. Thank you so much for this. ❤
@johndeereMe Жыл бұрын
Future episode request: I like the idea of hearing more stories of side hustles that earned extra start up cash.
@smithjl3628 Жыл бұрын
Painting is also really easy to get into and pays well. If you have the right tools your price/hour is pretty good. Often $50-100 an hour if you’re fast and do good work. It’s a great side hustle
@RawlCampbell-m7h Жыл бұрын
I’m doing what David did by maximizing what l already do and working overtime and getting paid time and a half. I’m on track to have $10k saved in five months. It’s nice to hear you guys say this because l see I’m on the right track.
@vitalitymessage4407 Жыл бұрын
l went from $0 in July 2020 to my first 100k in about two years - summer 2022. Im a debt free truck driver so I was abIe to chunk most of my net income onto my 401k, roth ira & my taxabIe acct. As of today I'm aIready up to 132k. MathematicaIIy I should be between 150 & 160 now of not for the brutal 2022. I already see it speeding up
@shuanhartill Жыл бұрын
DAMN!!! This is inspiring
@shuanhartill Жыл бұрын
Great job!!!
@jimmyfisher2256 Жыл бұрын
How did you do that, I make 115,000K and I feel like that is more that 70% of all long haul truckers and to save up a 100K in 2 years? I have rent which is high but I live frugal and I don't see saving 50K in 12 months that's 4,200K a month, any tips?
@sarahcardonaa9112 Жыл бұрын
perhaps it comes down to the investments he made during that point in time? just a guess
@LindaGiovanna-qe3vg Жыл бұрын
hi quick question i’m from europe so we have different systems; what exactly are those things you’ve mentioned?
@danielconner5476 Жыл бұрын
On my way to real estate with couch flipping. Doing it with a friend but 1st month we hit 4K in net profits. 2nd month, we are on track for over 8K in net profit. We both work full time jobs but this side hustle is changing our lives.
@anthonyvogt3259 Жыл бұрын
Couch flipping?
@Jerry-zq4bf Жыл бұрын
I know it’s possible just through Facebook, offer up, Craigslist. Would there be any other sites that are good for finding couches?
@romi929 Жыл бұрын
4-8k!! / month That’s like a full time income rather then a side hassle 😳 What is this coach flipping thing ? I never heard of it
@danielconner5476 Жыл бұрын
@@anthonyvogt3259 yes. Couch flipping. Look it up
@danielconner5476 Жыл бұрын
@@romi929 I know lol! It’s not consistent though unless you put all your time and effort into it. Couch flipping works though. Just type it into KZbin
@Andrew-Paulo Жыл бұрын
A lot of great points here. My wife and I own 8 units in Chicago and I agree with most of this
@ryanyee7792 Жыл бұрын
Love how the hosts respectfully brought up the cons of each strategy.
@David-bb4yv Жыл бұрын
They called me a bottom feeder. I bought condos in 1995-2005 for $9,000-$25,000. I still have some of them, they are worth $150,000. All of the units are in good neighborhoods. I bought condos in Ohio for $12,000-$30,000. They are now worth $45,000-$51,000.
@boomnailedit1609 Жыл бұрын
How did you find the condos? What made you pick that area that you invested in?
@pattersonellen Жыл бұрын
Wby is Ohio so cheap?
@lorenazaragoza6411 Жыл бұрын
That’s ok…bottom feeders ALWAYS eat!
@jpolweny9 ай бұрын
@David-bb4yv What's your exit, or do you hold for the appreciation LT?
@peterzeller5736 Жыл бұрын
The quality of David's Audio in what looks like an empty hallway is phenomenal
@MaiyaBG Жыл бұрын
In the middle of a MTR house hack now and totally agree with the balance between comfort and profit. You must be able to pay the mortgage on your own first, then find a tenant situation that you are comfortable with.
@bbqworld2103 Жыл бұрын
How do you find and review good tenants? I’m saving up to invest in a house to do MTR or LTR. Thanks
@chetleonard169 Жыл бұрын
IF you partner up, plan out how you might be dissolving the partnership first thing. It will take loads of pressure off and make things easier throughout. Spoken from experience.
@AfricaCook-MLO Жыл бұрын
Can confirm... unfortunately! 😅 Choose ahead to keep what you can (including assets & rights) instead of "dissolving" everything into thin air, business-wise.
@Unkonwuser223 Жыл бұрын
great video I am currently studying real estate while I am saving and investing in stocks I am just 20 and want to retire by 40 if possible.
@agentsliftingagents Жыл бұрын
This is one of my favorite episodes so far. Very helpful to share all different ways to get started but also sharing the honest negatives to be aware of. We learned all these the hard way and I appreciate you sharing these ideas with the next generation 👍
@Anonyme67 Жыл бұрын
Gosh I love KZbin. No one can complain that they don’t have access to information or racism. The internet and KZbin are here for everyone.
@hatchett999ify11 ай бұрын
Oh Lordy. One of them. 😂😂😂😂
@3vancharles Жыл бұрын
I’ve went from only flipping shoes to selling items vintage to new A to Z. On my first property now with an attached ADU bringing in extra income. Can’t wait to repeat the process, thanks for the free game!
@dawhike Жыл бұрын
Huh?
@Recklessness97 Жыл бұрын
@@dawhike To get his first $10,000 he started by reselling shoes, such as Jordans, Yeezys, and rare/popular Nikes. He eventually moved on to reselling various vintage and new items (probably designer clothes/hypebeast items) hence the A to Z, meaning of "from A to Z" is to include everything or the entire range of something meaning he sold whatever he could get his hands on. Now he used the money from reselling shoes and vintage items to get his first property that has an attached ADU (accessory dwelling unit) that he rents out for additional income in addition to the property itself. Hope this makes it easier for you to understand.
@gogurletc8170 Жыл бұрын
@@Recklessness97 Bless you for breaking it down !!!
@amazonjunglez1188 Жыл бұрын
@@Recklessness97But where do even begin with real estate? I've been trying to research it and attended 1 "masterclass" that charged us quiet a but didn't really learn anything substantial there other than generic general info. The class was about Wholesaling, which I still don't understand how it goes. And then sold us a $20 000 mentorship,which most of us couldn't afford and wasn't even clear about it anyway. Do you have any insight or info about real estate business for newbies like Wholesaling/pre foreclosure? I researched about tax lien and tax deed sale but it's not really worthwhile. Thanks in advance
@Recklessness97 Жыл бұрын
@@amazonjunglez1188 Stay away from people who are selling classes and mentorships. They make some money from real estate but they make a decent chunk of their money pandering their "courses" and "mentorships" just like those scummy financial gurus. Unfortunately like for any other types of investments it takes money to make money, especially in real estate with these elevated property values and high interest rates, hence the saying, "The rich get richer". I have no experience with wholesaling/pre foreclosures, tax lien, and deed sales but I know there's companies/groups out there with more money and resources than me who eat that stuff up. There's money to be made in those deals but I personally can't compete. I still have yet to get into real estate, I'm just saving money up to buy a multi-family property to own and live in one of the units, rent out the rest. Hard to though because everyone and their mom want into real estate. My best advice is to just get a well paying 9-5, save a decent chunk of money and go from there. The more money you have the better deals you can look at. Look online for a local real estate investor group, for example my area has a facebook group for likeminded investors who join together on renovations, flips, share advise, sell properties, network, help find cash investors, etc. It's a very saturated market, everyone wants in. The more money you have the better. You can get started with little to no money but it's extremely hard. Sorry I couldn't have been more helpful, I'm still trying to hop into real estate too!
@dakymbiahughey2193 Жыл бұрын
Great info… There is 1 down side to education though. NOT USING IT. I’ve learned that it’s 1 thing to learn/ know something & it’s a whole different thing to actually apply it, create/execute/ implement strategy. That’s where I currently am 😮💨
@BigClaudeGaming Жыл бұрын
Same here. I understand the process but actually putting it into motion is what’s stopping me.
@ourremedies8694 Жыл бұрын
I agree with you 100%
@matheuspinto118 Жыл бұрын
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
@Tomtownsend485 Жыл бұрын
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
@elliot985 Жыл бұрын
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@robertosaviano215 Жыл бұрын
@@elliot985 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@elliot985 Жыл бұрын
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Laura Marie Ray is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@Zanrowe795 Жыл бұрын
@@elliot985 Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals
@doordiariesre Жыл бұрын
I appreciate how informative and well-researched this video was. It's clear that you put a lot of time and effort into your content.
@therilwan8448 Жыл бұрын
Great show! That's how I kinda' of started also with about $10k buying from property tax sales.
@idkmybffjill9682 Жыл бұрын
Not caring about Airbnb complaints. Using practices (selling leads) that you have to make sure are even legal in your state…you guys give off some real morris invest vibes
@AlekseyWeyman Жыл бұрын
I like the idea of an episode featuring folks that have side hustles making $10k. I made the downpayment for my condo solely from a side business I started
@skinnynoodles8777 Жыл бұрын
What side hustle did you start if I may ask
@AlekseyWeyman Жыл бұрын
@@skinnynoodles8777 first it was a blog / website that made $5k/month then it was my lead generation business!
@jfarrar231 Жыл бұрын
Onlyfans
@autismo1969 Жыл бұрын
I liked Rob's strategy the best. Thanks a lot for this amazing idea brother🥰🥰
@tarashrynchuk3118 Жыл бұрын
My side hustle is per diem job in Radiology in local ED. I work 2 days a month, just an easy 8 hours shift. This job pays about 10k a year.
@thelegendarykevininsales7589 Жыл бұрын
Where did you take the radiology course?
@AllenAigbokhan Жыл бұрын
Where can I take the course
@Jsitun10 ай бұрын
Absolutely eye-opening episode. Loved every minute. I'm definitely going down that house-hacking route ASAP. Beginner investor here. Someone comment on this in 8-12 months and ask me how it's going.
@randolphosorio11554 ай бұрын
Any progress?
@kirav2536 Жыл бұрын
Thank you for your video. I wish you would teach people who do this kind of deals is to respect the area where they doing business in and respect the neighborhood. You guys take the trees down, because you don’t want to spend money trimming in. It is adds to more noise in the area plus less shading. Also personally I will not agree to have rnb next to my house. I would complain to the municipality.
@lorenazaragoza6411 Жыл бұрын
I own my home but have a mortgage , living on my single income and this is what I’m doing to save money to invest-I put my master bedroom and bath up on furnished finder and getting $1,000 per month and getting quality tenants. I invested in a smart lock for the front door, I paid a contractor $1,200 to install a door leading into my dining room which is now my room! That’s one way. I am also expanding and converting my garage into a 700 sq ft adu and will most likely list it on furnished finder for about $2200. My car doesn’t need the garage to be it’s bedroom when I can utilize the sq footage and turn it into livable space. What ideas have you come up with using your resources? Thanks for sharing!
@th7642 Жыл бұрын
What area do you live in? I’m just interested in knowing what areas are good to rent to travel nurses
@MrMonsterrally Жыл бұрын
How is the parking situation with all your tenants?
@bmodllc Жыл бұрын
Thank you for sharing your situation. I'm being telling my family and close friends about this. How powerful hack housing is. I'm doing the same as you I'm almost have my house full paid in 6 years while I'm investing. Being poor is not an option is a choice.
@lorenazaragoza6411 Жыл бұрын
Parking is not an issue, my drive way accommodates 4 cars ( for me and my 2 daughters) and plenty of street parking for the tenants. Not many rentals in my neighborhood so plenty of parking. I am in the Central Valley in California . Good luck everyone on your real estate journey. I’m taking my real estate license test next month!
@romi929 Жыл бұрын
@@lorenazaragoza6411 outstanding!!!😍👍
@stefanesculiviu5230 Жыл бұрын
Guys good stuff but I believe you forgot a very good strategy. From my knowledge if you're a 1st time buyer you can buy up to 4 units,(live in 1 and rent 3)with 3.5% down-payment or less. The gov have a program to give you the 3.5% if you qualify. I don't know if is available in all states. Also depends on your credit score.I bought my house in this way back in 2018.I bought a 350k house with 6k out of my pocket(included everything:fees,inspection,appraisal, 4k down to hold the house for 4 months).Now the market is a different but I'm sure you can find this kind of deal. Good luck to everyone.
@cristiansilva3392 Жыл бұрын
This is house hacking strategy, but as a first buyer.
@stefanesculiviu5230 Жыл бұрын
@Cristian Silva You can turn in a strategy if you're doing over and over for a couple of years . Let's say at 21 you buy 1st 4 plex. Repeat the process for 5 more years. You have to move every year, but at 26, you have 5 properties (20 doors). All with the minimum down-payment and if the law doesn't change. Cash out refinance is another story
@onwugharablessing8264 Жыл бұрын
A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K
@boseayoade3072 Жыл бұрын
Very big con and that is why i have always maintained that people should never have their money in the bank! Get a financial advisor and even make so much more while saving!
@Mathew-bp5bm Жыл бұрын
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months
@donwhizz7880 Жыл бұрын
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@MichaelPithium89 Жыл бұрын
Moral of the story keep grinding and save more than 10k lol
@bahijarhafiri11 ай бұрын
Real estate investment losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
@2011mixed Жыл бұрын
Exactly how much I have saved, So I'm super excited thanks!
@sandeshburada1 Жыл бұрын
Same!
@foresightproperties Жыл бұрын
Hey Brandon, If you're in need of transactional funding for your real estate transactions, including EMD funding, we can help. Reach out to us to find out more about our options.
@keeperzero3 ай бұрын
I took all the money I saved up as an exotic dancer and invested into real estate
@MKpixelfan Жыл бұрын
For REITs do you guys have your preferred or favs?
@rosejones2932 Жыл бұрын
Thanks for the appreciation for the J-O-B . I have always been turned off for people who turn their nose up at the kind of work that most people in the world would give their eye teeth for.
@AfricaCook-MLO Жыл бұрын
Lots of valuable information and strategies here! Thanks guys!
@Yungmoneyswagmonkey415 Жыл бұрын
Do you recommend leveraging personal credit or business credit to expedite the time?
@AfricaCook-MLO Жыл бұрын
You'll have even more mortgage options as a business owner, plus the financial protections that come with an LLC. Regarding which is quicker, that answer may be personal credit, only if you haven't yet established the business, and its (not your) credit score. Hopefully that helps with short- and long-term planning.
@TJ-th9hw Жыл бұрын
This was a very practical episode with great information. Thanks Gents!
@roldyczarmoaes6226 Жыл бұрын
Oh … good thing to know sure have 10k like to learn more about where to start
@dannyg1444 Жыл бұрын
Plz do the side hustle series because I need some trustworthy no BS videos on this I can watch. Everytime I try to find side hustle videos it's always the same trendy bs that takes massive luck and time to get the money rolling and it's not even worth it with a full time career (military for example)
@christyrucker2479 Жыл бұрын
How do you find a good mastermind though. I feel like people have done one deal and then want to start a mastermind just to make money. Everyone wants to be a guru and it’s hard for someone who is new to tell who is legit and who isn’t.
@TropicTrdr Жыл бұрын
Glamping or travel trailers is subject to local zoning. All you need is a neighbor calling Code Enforcement on you. I like the idea of investing in cheaper markets and paying off the house. I've travelled a lot so I know a few areas well but doing it Cold Turkey can be risky.
@arizonanixon558 Жыл бұрын
Would you recommend buying a very cheap trailer to rent out
@Robertgriffinne Жыл бұрын
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 200k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
@Alejandracamacho357 Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from around $100k since the crash and I would really look to know how to go about this.
@PhilipMurray251 Жыл бұрын
it all depends on how long you're willing to hold for and your strategies, stocks might likely tank further, but making serious gains in this downtrend shouldn't be a problem if you're a pro.
@lo-mar-TP Жыл бұрын
What do you think about fix and flip?
@euphoriarealtygroup Жыл бұрын
Honestly for 10k start fund. I don’t think you can do much other than rent arbitrage. One single bump in the business your hard earned money is gone. Do not use 100% financing, that’s how you get bankruptcy. Just keep saving and when you have enough down payment, get a decent property and go from there
@lorigribben427 Жыл бұрын
Thank you for the information and show, I love your voice, and looking forward to getting started.
@OmniCloud987 Жыл бұрын
Trying to do the house hack myself but it’s so expensive here in NJ…I’m wondering should I start a real estate LLC to use some start up funding for closing/downpayment and first year maintenance?
@AfricaCook-MLO Жыл бұрын
I certainly recommend starting your LLC ASAP if that's something you plan to do. It'll open up your lending options, applying as an investor (even on your first property) through your business, but you'll often still need to bring cash to close some pretty sweet deals.
@tz8565 Жыл бұрын
Not buying property until real estate market comes down. Inflation high too. I buy stocks instead.
@dawhike Жыл бұрын
Cheap markets are best for fix/flips or owner financing. Arbitrage is risky if there's an insurance claim. Co will deny claims for commercial use of residential props.
@davecros4887 Жыл бұрын
Yeah, investing in real estate when prices are at an all time high and starting to fall from peak is a wonderful idea. Buy high and sell low and get wiped out. Or, be trapped in your house for 20 years waiting for prices to come back up after they fall. Snap out of it or get wiped out.
@jeannettewhite3682 Жыл бұрын
I'm just taking notes until my disability comes through. They already owe me a couple years of change 👁️
@neruthpacheco6474 Жыл бұрын
6:55 - Thats a really good idea!
@thefrankperspective4247 Жыл бұрын
Short term rental arbitrage point everyone misses: INSURANCE EXCLUSIONS. If you are Airbnb-ing a rental property, and the rental property doesn't have a short term rental endorsement, the insurance company can deny anything and everything in the name of material misrepresentation and omission. Same thing with Uber/Lyft/Doordash being unendorsed on auto. It's not that they won't cover the Airbnb or the Lyft, but they reserve the right to deny EVERYTHING, as the insurance on a personal lines ISO form expressly prohibits commercial activity, except by endorsement.
@AfricaCook-MLO Жыл бұрын
💯
@mathewali Жыл бұрын
In any country, there are developers who make money. So I say all of this doom and gloom, but there will always be people who make money, because people always want homes 👌.
@BlueCollarOptions Жыл бұрын
Rob did you start and llc for your furniture side hustle when you where starting out? How did you guys handle the taxes for your side hustle? Or did you just sell your tables and put the money in your personal bank account?
@om8652 Жыл бұрын
Is this near impossible to do in places like California?
@josianunes4 Жыл бұрын
What is house hocking?
@folaranmi05 Жыл бұрын
Thanks fellers! This was great
@ccalderon9 Жыл бұрын
Ok, I love the idea of arbitrage, but will it scale? Because renting out one short-term property sounds like a lot of work. If you have 3 properties on AirBnB, it sounds like all your time would be spent on driving there, cleaning, prepping for the next guest x3... How do you scale?
@lhartzee-lb5wq Жыл бұрын
Y’all are amazing! Thank you for sharing so much of your success and favorite ways to create and grow wealth in RE
@deenakegler-ebo6464 Жыл бұрын
Great info!
@laurenpage3301 Жыл бұрын
I have a side hustle that enabled me to just buy my first investment property last year. Rented this week ! My side hustle makes over 6 figures (totally didn’t expect that) so I intended to let my side hustle buy a property a year 🎉
@merrymammothfbc Жыл бұрын
I would recommend leveraging debt and instead of a property a year, 3-5 properties a year. Unless your down payment takes the full 6 figures then your just not investing in good houses
@Ms.Chan.T Жыл бұрын
What's your side hustle?
@Recklessness97 Жыл бұрын
@@Ms.Chan.T Onlyfans 🤣...... Just kidding.
@KingKongFingerJoints Жыл бұрын
@@Recklessness97 ha ha ….😐
@AllenAigbokhan Жыл бұрын
What’s type of side hustle are you into
@kickbackcuz5165 Жыл бұрын
Love this conversation!
@RCMa123 Жыл бұрын
Here in Reno NV even 100k down for a rental doesn’t make $ sense. The cheapest home is around $330k 20 min out of Reno & your payments are around $1950 (Including your $100k down)The rent is about that much plus sewer so not cash flow
@jenniferkrause80859 ай бұрын
What are your thoughts on buying house Liens?
@MISSVONNIE Жыл бұрын
This was very informative.
@roberttanko8250 Жыл бұрын
Thanks for the information and hopefully your viewers will consider multi family rental property. They create amazing cash flow and equity
@zealgaming9123 Жыл бұрын
How would you find tenants for house hacking? There’s a lot of differences between people and using the kitchen and work schedules…
@Molly-e1x Жыл бұрын
Can I get into real estate with no money coming in or no job assuming I have some cash reserve of ten thousand. Wont the bank not allow me to do an investment property
@rumbletumblestumble Жыл бұрын
how is painting and flooring a 50k house just as much as a 1000k house?
@sasukesuite1 Жыл бұрын
$10k absolutely is nowhere near enough money to start investing in real estate, unless you're buying a $10k house in Detroit. You just posted a video yesterday of somebody who is losing money on a rental property and blamed them for not having enough in reserves/making poor judgements. Stop lying to people and tell then the truth about having reserves so they don't bankrupt themselves from your copium idealized scenarios. Real life has vacancies and price swings. You're not going to do anything to help the people $100k underwater in equity and can't find tenants. "Oh well you should have saved up enough to hold on long term" is all you crooks will say.
@vitech1013 Жыл бұрын
great information, thank you guys!
@Molly-e1x Жыл бұрын
So basically my life would get harder and more work if i get into real estate
@cameronnorris880 Жыл бұрын
appreciate you guys !!!!!!!!!
@vaughanmoody Жыл бұрын
Great video! Thanks!
@annettemercado8404 Жыл бұрын
Great videos
@miamiboating Жыл бұрын
Great content on your channel! I was given a link to your channel by a millionaire friend of mine, he said you had great content and wasn't kidding! Please keep it coming!
@thesportsguruu Жыл бұрын
Thanks for this, I never imagined that 10k was enough for Real Estates investing. Since you seem well versed in these, I'll like to ask a question. As a foreigner in the States and given the times, would it be better to go into into real estates or stocks. I have been confused on the better option and where and how to go about this. Can't seem to find the most appropriate and of utmost importance is higher income and a less time intensive option.
@thehunter9853 Жыл бұрын
@@EmersonFranklin65 ...Very sound and realistic. I too have been into both for sometime now and though I won't say I have lost a fortune, I have squandered quite a lot... You mentioned using pros, if its not a problem. do you mind telling who you used or recommending a good one? I could definitely use the help of one right now... I look forward to you replying...
@jamesjane5539 Жыл бұрын
stocks are your best bet atm, the housing market is currently a mess
@Mrcarlson.E Жыл бұрын
@@EmersonFranklin65 casually strolled into this thread and boom, I know this funny man. Once attended a fundraiser he was also in attendance here in Vancouver,, serious looking man with with a funny accent,, He's in the States though, I doubt he works with non residents,,,
@thehunter9853 Жыл бұрын
@@EmersonFranklin65 ...thanks
@paulagoodman7530 Жыл бұрын
@@Mrcarlson.E This right here is the second time I am coming across this name in a week. Came to my workplace for a program and it was lit. found nothing funny bout his accent though
@JLP1227 Жыл бұрын
With the house hacking FHA primary residence is there an amount of time you have to wait before you rent out ?
@markturner5858 Жыл бұрын
i almost ignored this. glad i didn't. keep up the good work!
@pattersonellen Жыл бұрын
Subscribed. Much better than that Michael B guy's channel who seems to have a political agenda and isnt able to to go into detail and strategy like this channel.
@nbgvfcmnbh6226 Жыл бұрын
Louisiana, Mississippi, and Missouri...with the crime rate so high in each of those areas it is not surprising that they are selling the houses so cheap. Please be careful and research the area that your bidding property in.
@primetimepropertysolutions2089 Жыл бұрын
I just purchased my first rental. Duplex. I’m waiting on approval from city to convert 4 car garage into a 2/1 ADU. I have some change saved. But for some reason I feel stuck because of the unsure market. Any advice??
@eltarda2652 Жыл бұрын
Hi. How did you get financing for the duplex?
@GC21771 Жыл бұрын
Great session fellas. I love the 3 part strategy mission, Good to keep an open informed mind in this business ! Thank you
@ThedudeMMXlll Жыл бұрын
Great show 👏 thankz
@ksxpresstransport Жыл бұрын
Great information I have a question will rentals affect you in some way to obtain a primary?
@dreroy599 Жыл бұрын
So I have a 2019 mobile home 2br 2bath that I added a room to. It’s paid off, but is in a lot that dosent allow renting and it is small for my family of 4 children and 2 adults. Do you suggest I rent my home out and buy a house or rent a house or should I sell my home and use that money to buy a home and live in it until Im ready to move out and buy another house and rent out that house I move out of?
@stickjr.3715 Жыл бұрын
I have 60k in equity. Can someone please help me jump of the fence post. Please and thank you for your hard work.
@GCInvesting Жыл бұрын
Love the quick tip time!
@matthewkirkendall9998 Жыл бұрын
I have a home that I built 2 years ago and owe around $325,000 on it with a super low interest rate, my girlfriend and I recently moved in together in her house. A realtor told me I could sell it for around $490,000 right now. Would it be smarter to sell it or rent it out and use the equity to buy another rental house or business?
@richiepipes8960 Жыл бұрын
Absolutely rent.
@HamidHamid-pe1wf Жыл бұрын
How do you find a good realator?
@kenzielindell7808 Жыл бұрын
How do I find a mentor?
@jesusbarajas9444 Жыл бұрын
So how do I apply my 10k?... besides REIT
@reedsiler1241 Жыл бұрын
Easy Way to save/earn an extra 10k in 3 months. Mow 30 yards a week at $30 a yard. There's typically 6 months in a mowing season if you'd like to make more. Customers will more than likely ask you to do other basic services that you can charge for as well like laying mulch, pulling weeds, etc, $$$ :)
@donseason2354 Жыл бұрын
55k, no debt, 5k month gross from job, currently renting, house hack and try to get another at some point? Possible to continue to buy rentals every year if I have the money for down payment each time? And just save over again for the next? Help
@dylanturley7291 Жыл бұрын
Question please help. How does one house hack with a family that we all love where we live now?