Perfect Formula for Building Wealth with Real Estate

[@jeronkyle6279]

This guy is going to be huge. Notice he is teaching and not selling an infomercial.

[@tiberiu_nicolae]

I think this guy is already made

[@seanrojas]

you have to actually go out and do this. Easy to explain, hard to do, so information is fine to give out when most people will never do anything with it.

[@allwhowander78]

How did you come to the conclusion that you would give all of this valuable information away for free? Im grateful and thankful.. it's just that people like you are extremely rare.

[@trulyjeannette]

Thank you for this formula. I've been thinking about using the income of my business to build wealth with real estate and this answered my question. Your videos are invaluable, thank you for the information and education. On a different note, as much as I learn from you, as you were talking, I saw my Nephew Michael in you...funny lol.

[@freedom_mentor]

+Jeannette Marie I already like your nephew. Sounds like a great man :)

[@UltimateBargains]

The "Wealth Snowball" (to increase your passive cash flow) is the opposite of the "Debt Snowball" (to pay off your debts). Learn both kinds of snowballs to build your financial freedom.

[@Kiama17]

What is the debt snowball please ?

[@baseline6786]

Hard to do this in the GTA.. with the average house priced at over 1 million.

[@markjohnson3192]

Hey base, you in toronto? I am.

[@jarvismerroni6018]

Phil, love ALL your videos. Your literally the legit Tai Lopez on KZbin. I'm 19 and don't know where else I would be able to find such great and insightful info. God Bless you

[@Akshay-lj4fh]

Why did I not see this earlier? Had it saved to watch later for a few months now. What a guy! Amazing !

[@freedom_mentor]

Apply to my Apprentice Program here: www.freedommentor.com/apprentice

[@johnnyaliensy6086]

You are a teacher and real how you made it simple not hard at all

[@shereenmokhtar1019]

Thank you Phil for all your FREE information. How would you know which property would have a good ROI?

[@freedom_mentor]

+Shereen Mokhtar Calculate the CAP rate on it.

[@iquitdc]

What do you think of investing into homes near major colleges? It seems like you will always have tenants willing to pay due to being close to the school however those tenants might be destructive to property?

[@freedom_mentor]

+dylan caballero I love renting to college students. The parents co-sign on the lease. It's basically guaranteed money.

[@larrymoore6640]

I rented two of my houses to football players of a local college. They were good tenants. They were on scholarships which meant had to keep good grades (study), 2 practices per day, game on Friday or Saturday night. Their coach was like their local parent, punishment was bench. No problems would do it anytime. Do a good personal check which I included the school.

[@30seb93]

@@freedom_mentor how about when the student leaves the property for the summer. Isnt it lost cash flow

[@freedom_mentor]

@@30seb93 They pay whether they occupy or leave.

[@30seb93]

@@freedom_mentor thanks phil. Ive lived in a big student town here in canada in kingston ontario. Ive always wonder. Ive heard horrible stories from landlord. and if you have chance and you come to canada check out kingston ontario.

[@millennialinvestor5772]

Excellent video Phil, How many properties do you usually try to purchase within a year? Also, do you recommend saving up to buy your first few properties with cash in order to keep your liabilities as low as possible when you start? Thanks

[@Monoperty]

Great video Phil, thanks. I've been a subscriber to your channel for years and found your videos really informative. I'm now trying to do something similar for people in the U.K. I have less knowledge than you and only buy through the traditional methods at the moment, but I still believe I can educate people on the basics and help them take action. I hope to meet you one day to thank you in person.

[@grace3278]

how toinvestinToronto real estate

[@solomonchuks7600]

Great video that could help a serious person move into the business even without looking back. I have benefited so mush watching. Thank you for doing this selfless service.

[@paullesagrado]

This is one of the best real estate investing channel I have come across. You are really a fountain of knowledge.

[@cinnimonjones143]

I love your videos!!! ❤ You have taught me so much...

[@michaelangileo2760]

Thank you, Phil. God bless you for your amazing gifts of knowledge, inspiration and experience. THANK YOU!

[@nationofhebrewisraelites]

Thanks Phil for the RE knowledge I see others trying to charge for! You have a true care for others with the integrity for the profession of REI. I respect you! I learned more from your videos which makes me see myself being a great REI ,who through time will be a millionaire. I dont have the body for Flipping but cashing out the homes will be my expertise. Shalom!

[@GQ-jv9uw]

nice vid this is 1 of the things that makes America great

[@ianjackcleanyourmachineinc2510]

So inspired by you and the videos, I hope I hear from you tomorrow. Thanks Phil.

[@DavidNitra]

Hi Phil, thank you for your video. After finishing your online course I just started a business this week to get cash for investing to R.E. So this video suits perfectly into my situation! :-)

[@ShirleyM_Anne]

I've learned to be happy poor but I love watching your videos...!

[@mr.projects7742]

Thank you so much and I also love the books. This is putting me on the right track

[@mr.projects7742]

+Mr. Projects And I see that all my deals CAP rates is not good. So it is time for me to get creative

[@dhawkins0000able]

Geez Phil...great video! Business/Profession Cash Flow-->Longer Term Wealth Investment (RE ROI, tax savings)-->Repeat

[@buildingbuildercip8292]

This is the 3rd video of yours I've seen. I'm trying to jump on board with what you r saying. I like a lot of it. This 25% on investment is just out there. I own several properties outright. My way is prolly not the best way I agree. But it definitely works for me. I also earn a great income in building hi rise buildings. So I agree w the collect $200 every time u pass go. But 25% ROI? Really? Like I said. I'm trying to get into the club but I'm still not thinking we get that here in Cali.

[@MarcusLeepapi]

I have your first book but I do not have the second book - Real Estate Investing Gone Bad. Yes, I am looking for more of your class from your videos... Thank you...

[@AFunkyFresh1]

Pete, I like your videos. But please use your cash flow from your return on investment to get some quality dry erase markers. Otherwise, keep up the good work!

[@freedom_mentor]

+TyJ Mey Phil

[@henrylacks9979]

This was outstanding, Phil! I literally had this thought about 14 years ago but never knew how I could bring it into reality. Do you have any videos detailing how to identify high ROI real estate? Thanks for all you do. ✊🏾

[@freedom_mentor]

Yes! Right here: kzbin.info/www/bejne/gZ22aX6mjbyBmKM

[@adamwilson301]

This is awesome information. Love all the videos. Half way done with school. Hope I can turn my job into the original cash to start the snowball.

[@VisionariosBolsa]

another SUPER video man thank you for posting that!! how can I do your program? how can I learn how to do all that?

[@freedom_mentor]

Apply at www.freedommentor.com/apprentice

[@freedom_mentor]

Go to www.freedommentor.com/apprentice

[@makhmutzharimbetov3103]

thank you very much Phil, really appreciated

[@adolfocastro5519]

Amazing video Phil . Thanks so much!!!!!

[@paulojustinianookubo]

How do you find properties that can return that much on your investment? I have watched all your videos and follow what you advice and still in my area I have yet to find a house deal that generates that much return on cash. 25% means that if you are spending 100k than you must make 25k a year witch means you must make $2083 per month after paying all the expenses. Now days a 3b 2ba property sells for 150k and rents for around 1200 before any expense. Thank you for your response in advance !

[@freedom_mentor]

Very easily! Watch this video: kzbin.info/www/bejne/rarSoHxrf55ki68

[@TheFotube]

Thank you Phil for putting the time and uploading these videos. I'm 25 yrs old guy working as a car salesman and i have saved some money to start investing and your clips are helping me a lot. Do you have any suggestion for young investor for his first time, where to start from?

[@freedom_mentor]

+TheFotube Start here with this free course courses.freedommentor.com

[@luisangelibariasruiz7155]

Excelente videos!!! I've really learned a lot. Just a comment, it seems like camera loses focus and the video gets flurry some times during the video. Thank you for the material.

[@TheBTEAMwins]

As a middle class worker, as is my fiancé who is in real estate working directly under the manager/"owner"/broker which helps with becoming educated and finding local mentors as well my question is: How much money does someone like us need to get the ball slowly rolling?

[@freedom_mentor]

Most people start with what they have and grow one step at a time.

[@FlyinRyan0802]

Phil, Cash on Cash, I see that I can maximize this by putting down the lowest possible down payment. When this happens, I see my cashflow diminish but CoC skyrockets.. Would you ever justify putting down less than 20% to maximize CoC? .. Keeping both CoC and Cash Flow in mind, do you have a magic formula for maximizing both together? Or is CoC your biggest target?

[@freedom_mentor]

The magic formula is the highest cap rate possible with the lowest possible interest rate on the debt; then, you can balance cash on cash with cash flow. The problem is when you have a low cap rate and a high interest rate; and you have to over-leverage just to make the cash on cash numbers work.

[@Steve_Takes]

Outstanding Video. You hit the nail on the head.

[@michaellam9320]

Phil, great video, great channel, thanks for all of your wisdom! Question: what kind of shirt is that? I want one….

[@thevaulture8871]

Pretty soon with NIRP we will "Pass Go" and PAY $200...good video!

[@W.JOHNSON.]

First time watching you. Just subscribed

[@williambarrera6198]

Awesome video Phil. I'm learning from you...

[@rowenagampon2791]

IDEAL -- L can also stands for "Legacy" in a form of inheritance.

[@MiroslawKawula]

Great video, very important information. Thank you.

[@msayoki6581]

i want to start a investment company i have a trucking company now i love the way u teach an you make it very simple and I'm hoping you can tell how much is the mentor course did u !!

[@gedenirfiorese3523]

It looks so pretty on the board. But the question is: does it really work well like that in real life? Not saying it should be easy process, but does really happen like that? I know people who do this for years, they’re not rich at all

[@freedom_mentor]

It really works this well in real life. If you know people who are not rich at all, then they are not following the formula on this video.

[@GDSGFT]

I JUST STARTED WATCHING YOU BUT I CAN ALREADY TELL I'M GOIMG TO BE GETTING THOUSANDS DOLLARS WORTH OF INFORMATION

[@AzadTasan]

What channels do you use for client acquisition? And what CPA do you consider good?

[@freedom_mentor]

+Azad Tasan The ones that no one else knows about so that I have no competition for the best ROI deals.

[@joelginadavis2895]

this was your best video

[@freedom_mentor]

It's one of my favorites I've ever done too.

[@huzshr1517]

Thank you for the information excellent video

[@kristinakrykhtin5250]

Great video! Looking forward to learning more from you! Looking for guidance and mentorship! Where in florida are you?

[@freedom_mentor]

Florida

[@JP-wo7yb]

Hey Phil, thanks for the videos. I'm currently approaching the end of my college years, and I'm think at what point can I start doing some of this with you all? Should I wait until after college? Maybe get a job first? Im in Tampa I figure you're familiar with the market here.

[@freedom_mentor]

+Justin Pera The best time to have started was 5 years ago. The next best time would be today.

[@JoseLopez-eo4ze]

25% cash on cash minimum? WHAT HOW?

[@Jside68]

Save, save, save!

[@golenitin]

Great Video, Sir.... wonderful concept....really worth.. Is there any way in initial stage...without flipping the house... we can generate more R.O.I in real estate..

[@freda8666]

Great job Phil

[@4555678]

Phil, at 10:30 you start to talk about the return we should have on your investment (Cash on cash return). You mention a minimum of 25%. I think that this pertains to downpayments only, right? For instance, if I buy a condo for 100k and I get 5k a year (5% return) that is still good. Am i right?

[@freedom_mentor]

+4555678 The formula that is being introduced in this video involves using cash wisely to build wealth. So if you pay cash of $100,000 on a $100,000 Condo and get $5,000 per year, that's a measly 5% cash on cash return. HOWEVER, if you put $20,000 down on a $100,000 condo and get back $5,000, that's a respectable 25% cash on cash return.

[@oashnnajem2895]

Thanks phil how to apply this formula when you have a property that undergoes a mortgage?

[@collinsronald462]

Thank you 🙏

[@paruchurivyshnavi5505]

Hey Phil, Do we need to buy the house in our name first, in order to flip it to either a contractor or an investor or a buyer a price higher than that we bought for? I didn't understand the concept of Flipping houses. I have seen all of your house flipping videos but this question still revolves in my head. Please help me Phil. Thank you.

[@freedom_mentor]

+Paruchuri Vyshnavi It depends. Take this course. It's free: courses.freedommentor.com

[@midwestkid46]

Really I need of a real estate investor mentor who will show me hands on how to actually start

[@satysal1]

I love you Phil.

[@tomasnunez8518]

Excellent. New sub. Thank u.

[@خُدبالك-ز8ع]

You are amazing !

[@willro6905ify]

Excellent video. You are great

[@joannesmith1175]

Is it best to never ever sell your real estates, so you can get continuous profit? Is it right to stratagise like that

[@Goh-ef3rd]

That is what I am doing. Renting property instead of flipping is a good tax strategy.

[@MarcoPerez-yb7ni]

@phil what are your thoughts on doing rent to own on commercial property

[@0penpress]

I love Perfect Formulas!

[@jeffbmttx]

You are speak this engineer's language. Good video.

[@jujubee90275]

Great teacher

[@charliemurray8076]

Phil, Don't you pay earned income instead of capital gains on flipped properties?

[@freedom_mentor]

Short term capital gains is taxed the same as ordinary business income; but a flip could be considered a long term capital gain if you sat on it for a year.

[@jeffm9204]

Hey Phil, I got the same shirt by the way.. Moving to East Bay Area soon and hope to get involved with your team. Thanks

[@stevenloury2735]

I really want to do this, I just don't have any idea how to get cash to get the ball rolling. How can I get the ball rolling with no cash? Very eager to learn.

[@freedom_mentor]

Watch this video: kzbin.info/www/bejne/r2HFgHp6rKeIabM

[@josephgiannetto5545]

Hi Phil! I'm in Italy. Do your rules work here too?

[@ozc804]

Hey Phil when you do a owner to finance deal , what is the right legal entity to set up in order to operate your real estate property ?

[@freedom_mentor]

LLC

[@edouardocastillo]

Hello Phil, how about raising capital as a cash machine?

[@renaissanceman9918]

Phil, do you look for a 25% ROI on long term multi unit residential properties or just properties you flips?

[@freedom_mentor]

I look for 20% Cap Rates on any rental properties I buy and a cash on cash return of at least 20% (if paying all cash) or more if I am getting a loan.

[@kryptonian-comics2410]

I have a question.... how much cash is needed to get started in real estate? thanks for the Great video by the way

[@freedom_mentor]

+ezy breezee When I got started, I had $0. This video explains: kzbin.info/www/bejne/ooS7eKuFnrejbaM

[@TheTn8989]

Great video Phil , you have done it again! You know your stuff. I have problem Phil I know you can solve. I been searching KZbin videos for the top apps use for real estate business. I know. Zillow , Redfin and realtor. What other apps would be helpful for an investor.. You should make a KZbin video on it

[@freedom_mentor]

+TheTn8989 I don't use any apps for real estate investing except perhaps Google Maps helps me find houses I am going to visit.

[@PascalManhattan]

What about the income tax of 50% on income over 60000€? Do you face a similar tax system issue and do you have an idea to solve it?

[@desertdog7171]

sounds communist. 50% ?? WOW

[@elvinsimon5008]

HI Phil. do you lend money for Canadian investors as well?

[@freedom_mentor]

+Elvin Simon I haven't in the past, but if the deal is good enough, I will consider it.

[@RealtorShellece]

In one of your videos you mentioned a way to structure a mortgage that did not have interest amoritized monthly. What was the name of that type of mortgage/loan?

[@freedom_mentor]

Interest only; or better yet, we sometimes structure owner financing deals with sellers that have no interest!

[@boogarfartboy]

What is your plan since real estate bubble is ready to burst, and talks of economic reset. what plans do you have in place.

[@freedom_mentor]

Plans to prosper during the downturn (if it occurs). This video explains: kzbin.info/www/bejne/emWtfWeGrbBmldE

[@caroleparker9854]

great ideas!

[@LovesToParty1998]

Great video, in terms of the High R.O.I. Real Estate, would you achieve Wealth from rental income or other, thanks

[@freedom_mentor]

+Aaron Petty Real estate, which includes rental income, among other ways that you benefit from real estate ownership

[@155jeff]

Will it work the same in the UK ?

[@MrJules409]

phil I know your not a C.P.A. but on the "depreciation" incentive that the irs gives to investors, how long can you use that incentive once the mortgage on the property is paid in full? In other words if I have a property that I commercial financed and paid it off, do I still get the 27 1/2 deprecation and if so how much longer is that for? I hope I worded this ok for you to understand my question lol.... and thanks for all that you do sir...I learn so much from you.

[@freedom_mentor]

+MrJules409 Depreciation is not based on whether you have a loan or not. It is determined by starting the day you purchase and the length depends on the type of real estate.

[@MrJules409]

+Phil Pustejovsky Oh ok awsome Thanks. ..I was referring to residential rental properties btw. ..I assume the same applies to amortization as well correct?

[@AmanGupta-ki3kp]

Great knowledge. I am form india.

[@trebor44089]

25% cash on cash seems like a very rare deal.... Im not sure how you calculate it but I assume that is a gross ROI without allowing for vacancy...cap ex...etc After buying and doing any rehab....You would have to buy a house for half the ARV to come anywhere near that ROI

[@freedom_mentor]

You are missing a key element in the equation...income. You are assuming a traditional rental. There are other ways to drastically increase income on a single family home. Watch this video: kzbin.info/www/bejne/rarSoHxrf55ki68

[@trebor44089]

Watching this video I got the impression it was mainly involving traditional rentals....Im sure others did also. I wont refute those 3 strategies could potentially increase income and therefore ROI But they each have their own caveats. I live in on the shore of Lake Erie and summertime charter fishing is a big deal. I have actually contemplated buying a house or two and getting in good with some of the local charter captains. Renting by the day to their out of town clients on the face gives the impression of BIG $$$....but it would be very management intensive or costly if I used a management company. Also it would be seasonal for me so the winter months would eat up some of the annual cash flow. I still may try it one day.

[@michaelhofby]

Just found your videos Phil and i really like the information you provide so far.. My profession is real estate broker and looking to get into real estate for myself aswell to build wealth. I´m taking some classes/courses in real estate investing & Financing soon aswell to get more pin point education on the specific subject so really looking forward to that.. Thanks for the videos you made here for free on youtube!

[@freedom_mentor]

Take this free course too: courses.freedommentor.com

[@michaelhofby]

Allright i will do it.. Im living in Denmark so i am trying to figure out the methods and tricks you give here in regards to my own countries laws and market so im finding it a bit more difficult to find the information..

[@michaelhofby]

Phil Pustejovsky Thanks so much for the course i signed up and beginning now!

[@michaelhofby]

Im on the journey still after years of going at it.. I had to move home to parents for a time too because of i took chances and i believed in myself.. Im coming closer though i feel but i need a breakthrough.

[@michaelhofby]

I figured out something really powerful today about how to cut off alot of interest costs on loans by making bigger payments, for example one big extra payment each year. Was incredible knowledge and i cant wait to try it out on my first deal!

[@veriappelsiini]

25 % ROI sounds incredible even in terms of max ROI these days... Therefore, Do you mean 25 % with leverage? Then it is possible but without leverage it is impossible or very hard to get IMO. My best appartment brings me 18.8 % pa ROI on the purchasing price (obviously I could refinance it in the bank and get the own money yielding in a wonderful way).

[@freedom_mentor]

I can get 25% ROI without leverage on some of my deals. But I have no issues with borrowing money against real estate, either, if done correctly.

[@deetsmuny]

Thank you

[@capostrength3908]

Lol what's funny is I'm reading Rich Dad Poor Dad right now.

[@desertdog7171]

Phil, can you clarify the ROI number? Are we talking $25% Cash on Cash or actual 25% CAP rate?

[@freedom_mentor]

If you pay all cash for the property an don't borrow any money, then it's one and the same. I personally won't buy an income producing property unless the CAP rate is above 30%.

[@desertdog7171]

That's impressive. So $30K a year NOI on $100K all in. How do you get $2500 a month net from $100K property?

[@ohara3762]

Hey Phil. Big fan. Have watched most of your videos. I am a small business owner in socal and am starting to do real well. I will have 10s of thousands of dollars of income a year which to build my wealth through real estate. On the surface though, it only seems possible to do small deals in low income housing where I live to get 25% cash on cash. That seems like a lot of headache. But would be willing to do it if that is what ot takes. What is your advice? I also am somewhat interested in your apprenticship program but dont have that much time to be flipping houses.

[@freedom_mentor]

+C O'Hara Become skilled in the art of creative real estate investing and you can control large properties with small down payments. I have an apprentice that is about to control a $300,000 4 plex with $10,000 down and the cash flow per month will be over $1,000 per month...in California.

[@TaylorTheDeveloper]

​@@freedom_mentor is that with an FHA loan? Because I don't see how it would work with a conventional loan. This would mean that they can't take out another FHA loan until they have sold this property or paid it off. What would be inductive step from here for your apprentice? Would it be continuing to save up for the next property and acquire it using a conventional loan?

[@freedom_mentor]

You can take over an FHA or conventional or VA or any loan Subject To @@TaylorTheDeveloper

[@bags7220]

How did you get enough to buy a house to flip in the first place?

[@freedom_mentor]

Learn more here: kzbin.info/www/bejne/e6bHloV5aNVoqLM

[@talksonabox]

I really need to learn the 'Identify ROI Properties"

[@freedom_mentor]

That's a very valuable skill, indeed. Take this free course: courses.freedommentor.com

[@talksonabox]

Thank you Phil Pustejovsky I will :D

[@fmj_556]

Freakin awesome! I got the cash I just need the high roi RE.

[@RickyT123]

I like your video. I am interested in flipping houses to generate my initial investment income. would you mind sharing a video of how to fill out the purchase agreement and also the seller agreement?

[@freedom_mentor]

Take this free training course on flipping houses: courses.freedommentor.com

[@westsidecater]

I have a great strategy in mind to get consistent 80+% cash on cash returns. Would love to know what you think of it Phil. Great video as always.

[@freedom_mentor]

Go do it Make a fortune. Then come back and tell me about it.

[@westsidecater]

Will do. Thanks for the encouragement.

[@luxushauseragency]

Phil, Why do hedge fund managers like real estate? Can you expand on this please.

[@freedom_mentor]

What is there NOT to like about real estate as an investment vehicle? Perhaps the better question for you to ponder.

[@torrance_evans]

So you get enough money from flipping to obtain a property without a bank?

[@freedom_mentor]

This video explains the concept: kzbin.info/www/bejne/ima8g2Swg52Ap8U