I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Christine Conte to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Investing your life savings in a rental property without certainty of returns can be risky. It's crucial to thoroughly evaluate the investment potential before diving in. I've learned that making wise investments is key to building wealth. It's not just about investing money; it's about investing smartly to secure a prosperous future. Here's to making informed decisions and achieving financial success!
Absolutely agree! Thoroughly evaluating investment potential is crucial. Wise investments are key to building wealth and securing a prosperous future. Making informed decisions is essential for financial success!
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
"Stacie Lynn Winson” 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
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Agreed, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Grace Adams Cook' , is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@carvalomaria8755 Interesting, how can someone make that much from the crypto space? Been meaning to invest some part of my 401k into crypto and real estate.
I remember watching my first real estate 101 with graham Stephen years ago talk about how to buy your first property. That catapulted me into being heavily involved in the credit card, real estate and finance community overall. I hope this video inspires the next guy how it did for me years ago.
@@Avengers-tf8duMostly gotten into stocks and credit cards for now, and became a real estate agent. Haven’t really hit the season of real estate investing side yet.
Hi John. I must say you are an inspiration because I started up investing in crypto and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and just bought my first house through it.
Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here
I understand how you feel,well is not luck is all about having good investment plans, watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey.
I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every TH-cam video says "BUY, BUY!" but when and how do I sell for profit at the right time?
Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
*Julianne Iwersen Niemann* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Amazing video! I’m 24 and want to get my first property. I think that calculator would be a great tool for me and others. A video like that would be awesome! Keep up the great work!
Great content as usual, I loved this as I am about to invest in uk property with 70k deposit (plus fees and more savings for furnishing and decorating) to buy my own place, but I am also treating it as my fourth investment, having two spare rooms for lodgers to cover this property mortgage and tax costs... and to build my equity whilst working my day job for my next investment.
First, Jessica you need to have a salary of at least 25k before you will be considered for a mortgage, that you need for properties. If you want to achieve a 75 percent yield yearly, try looking out for an investing advisory or else you will be competing against professionals themselves.
Generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..
That's an intentional way to live Debbie, that's the only way to become debt free. I've already paid off two previous mortgages. Now I'm working on my third and I cannot wait since it has to happen before retirement in four years and I'm already getting there the proficient way, Luckily for me my trader and coach Frost Hilda has been using every opportunity to ensure I benefit from each turn the market takes. Good luck staying debt free as much as possible in the future.
Absolutely Zachary, contract agreement splits are favorable, I’m also exceptionally well positioned as I’m privy, so that’s a good return deal for any investors creating revenue for more interest.
I'm from the UK as well and I'm currently overpaying my mortgage each month with money from investing. I'm on a no buy this year and my goal is to have my mortgage paid off in under 3years, hopefully sooner, so I appreciate and am forever open to receiving tremendous amount of value to achieve my target.
Great stuff John! Thanks for sharing!! Totally agree with putting your eyes on the property and walking it. My current place, looked great with photos (of course it did) and all the numbers/amenities, etc. Then I visited the place for a walk through. Couple cracks in the drywall/plastering and a 2.5 in drop (just felt weird) in the floor from one side to the other of the house. $35000 later, everything is level, no I did not pay for that, seller did. Plus...if you're a newbie buyer...and you probably are watching this...make sure to ask your RE Agent questions. They know what/how to show things to people but because of their experience, they also probably know of what things to look for, especially if it's houses/apartments/condos that are similar in an area. "I sold 3 of these last year, all needed new sewer lines due to age/type, etc"....then you know you gotta add that to the inspection for sure! And YES, you DO NEED an INSPECTION! The cost will save you $$$$$$$.
When I was younger and thinking about what I wanted to do with my life, Buying rental property was something that I have always been very interested in. I never had the money to act on it and go full force. Fast forward many years later. I now finally saved up enough money to buy my first rental property, but I have no idea of where to begin. Any help for anyone will greatly be appreciated. I want to make sure I do all the right steps. I have been seeing so many 101 guides on this topic, And this video made everything sound so simple. I Just need that extra push to make the 1st move on this journey and I want to make sure it will be the right one.
So first thing is saving money but you have that down already. Basically you’re set to start but always do your numbers and check how much you’re monthly mortgage would be and the monthly expenses such as property management, insurance, and so on. Now that you’ve done numbers, reach out to an agent who can help you ( they all know how) and start looking for properties. Get a home inspection ($300-$500) make sure everything works properly and seal the deal. First 2 weeks paint the house make it look more presentable and don’t go overboard because you might be the landlord but not the tenant so your specific desires won’t be necessary . List the home for rent and begin making money (ALWAYS COMMUNICATE WITH YOUR AGENT)
@@GViramontes i work in real estate so i do have a good chunk of knowledge on this specific topic. I am actually planning to buy a rental property in Vegas next year so i am also researching a bit more so i can have full knowledge before taking a big step. Hopefully by 23 i can have two investment properties, its just all about research
Mr.Liang Thank you for such an informative video. I' have saved up a good amount of money from my deployment in the middle east.I will be using this for a down for an investment property. This has really helped me understand what I have to do when I get back home. Thank you once again
Hey John! Great video, really helpful information on getting a rental property. Super excited to see a video breakdown of how you setup your deal calculator!
Well Sir , I watched few videos of other who is trying to explain things but you are explaining things so clear and very simple , thank you for been great educator and I can not wait to buy my first rental
Interested in your calculator. Great info on the video, looking to buy my first rental property which is a 4 bed, 2 bath. It’s nail biting but I know it’s a great starting point. If rental makes it positive, I’ll be ready to buy the 2nd.
This information is priceless. Thank you for doing this, John! Would love to see more real estate investing videos. Also, could you do a video on how you screen your tenants?
Thank you for putting this content together. My wife and I are planning to do the exact same thing and you have opened our eyes to some elements that we hadn't considered and also have gotten us excited to buy our first property. We are also in MA and looking at properties in the South Coast area. Please send us your calculator as it will be super helpful. Thank you again and we'll keep you posted!
Hey John. Great video! Would love both a follow-up and a copy of the calculator if possible. Also, are there any books/other resources you would recommend?
If you're still using that calculator would you be willing to send a link to that spreadsheet to me so I can copy it? I'm in Texas so I will definitely not be swooping in on your turf.
Thank you so much for teaching house hacking in such a simple way. I dream of investing in real estate and have even been analyzing houses on zillow and for family members for fun. Would you be able to share a video showing more details of this calculator and maybe share it for a while? Thanks again.
The dynamics of the rental market impact both landlords and tenants, with factors like demand, location, and property condition influencing rental prices and vacancy rates.
Great video. I really like your excel sheet calculator and the tip of using HUD. I want to buy a rental and make sure the property will be HUD certified.
FHA is good for your first two unit property. With 3.5% down but a three or four unit and putting 3.5% down will never pass the self-sufficiency test that FHA requires.Furthermore, you can only use the FHA loan once within 100 miles of each property also, requires that you live in one unit for at least 12 months.
Hope whoever reads this gains some value! If you want to supercharge your investment, you should be looking for homes and small multi family units that have low interest FHA, USDA, or VA loans on them already and assume those loans from the seller. Then you can also use that same lender to lend the equity at today’s rates. So in essence, you’ll have the main loan at say 3.5%, and a smaller loan at 6%; making your payment lower than purchasing a property outright with a 6% mortgage. Here in Des Moines, I find plenty of homes with assumable VA loans at less than 3% Still.
Ive lived and worked as a plumber in boston and north shore area. I now live and work as a plumber in south eastern Virginia. Section 8 is much different in terms of renters. Might be state government standards.
Really amazing video, I just Graduated from Architecture School last year and trying to become an architect as developer. It shares a lot of the same principles as real estate investing, it would be great to see a more in-depth video using the calculator, I trying to create my own worksheet and currently looking for my first property to buy
Great Info!! Ive been looking into buying multi-family for my first purchase, but the prices around me seem a bit too high. I would love a more in-depth video on the calculator. Also, if living in a unit for some amount of time (say a year or 2), should that unit be included in the calculation of income since it will be rented out in the future? Or should it be left out of the calculation?
Hi John, I’m just starting to get into this industry and that calculator would really be helpful, if possible could you please do a thorough video on that calculator I would really appreciate it
Thank you for your videos. When you buy your first property, do you live in it and rent the other dorms? Do you pre-qualify with your own income and be able to add the income you will get from the rental? thank you for your response.
Hi really enjoyed your presentation, however it was well over me to attempt to take any kind of notes for later reference. It would have benn nice to have this put on a PDF for viewers!
I'm 14,going to start dropshipping,get some experience and hopefully within the next 4-6 years I will make a decent amount of money which I will use to buy real estate so that I can retire early
My biggest fear with owing a rental property is the maintenance expenses. I own a home now and shit breaks all the time its always at the wrong time and hits the wallet hard. i can’t imagine that with a rental property. i think that what will sink me.
How long does it take for you to acquire at least two properties? When selecting a good investment property, did you consult with a financial advisor? Finally, can I buy a property and rent it out without being. Thank you 👍
Credit card question. I just received a Chase card a few weeks ago (Freedom Flex), but I'm looking to get started on the Chase Business Ink 8k spend for 100k points. If I were to apply for the Ink card, would I get rejected for the 2/30 rule. Also, I'm only 3/24 with chase.
Thanks for the question! So 2/30 refers to max of 2 approvals in 30 day period for just Chase cards. Assuming you only got approves for the FF a week or 2 ago, I see no problem with applying for the Chase Ink Preferred as far as the 2/30 rule you're in the clear. Hope that helps!
John! Terrific job explaining and keeping me entertained throughout your video! Thank you. If you sell the sheet where you calculate expenses and income is there a link where I can purchase? Could you make a video explaining how you built your calculator sheet on excel or google sheets?
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Christine Conte to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Investing your life savings in a rental property without certainty of returns can be risky. It's crucial to thoroughly evaluate the investment potential before diving in. I've learned that making wise investments is key to building wealth. It's not just about investing money; it's about investing smartly to secure a prosperous future. Here's to making informed decisions and achieving financial success!
Absolutely agree! Thoroughly evaluating investment potential is crucial. Wise investments are key to building wealth and securing a prosperous future. Making informed decisions is essential for financial success!
Stop commenting this on everything bot
Bot
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
"Stacie Lynn Winson” 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
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
For majority, the solution to their problem can be found in specialized knowledge, so can as well seek guidance from a well experienced advisor.
Agreed, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
'Grace Adams Cook' , is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I subbed because instead of saying “hey if your going to watch this video like and subscribe” you said “Go do something” I love that!!!!
same here, feel genuine
I must say it's been a wonderful bullrun in the crypto space.. definitely purchasing more properties before the year runs out.
Hit 150k today in profit. You have to get it right
@@carvalomaria8755 Interesting, how can someone make that much from the crypto space? Been meaning to invest some part of my 401k into crypto and real estate.
Wow! That's awesome, how do you make that much in the crypto space.still wondering what am doing wrong
I work with the best team of traders. its been all profit since I started.. getting hold of my next property ending of the year.
@@carvalomaria8755 how can one validate your team of traders? Any info I can get my hands on or any channel here on TH-cam?
I remember watching my first real estate 101 with graham Stephen years ago talk about how to buy your first property. That catapulted me into being heavily involved in the credit card, real estate and finance community overall. I hope this video inspires the next guy how it did for me years ago.
Same exact situation as me! Probably for a lot of us haha.
How is it going for you guys
Been following for years im 18 going to college then getting started only 4 more years until ill start
@@Avengers-tf8duMostly gotten into stocks and credit cards for now, and became a real estate agent. Haven’t really hit the season of real estate investing side yet.
Boston area lenders
Please do an in depth video on the real estate calculator
one of the FEW videos that are actually helpful and not just about spending a lot of money!!! thank you
Is anyone here looking to jump into their first property??
Me
Looking in South TX Area
Yes. Thoughts on BRRRR?
🖐️
Yes. California.
Yes I am. Please send the calculator and mentor me😅 I'll pay you and let you ride my Lambo for the weekend no joke lol. I'm in Chicagoland areas
Hi John. I must say you are an inspiration because I started up investing in crypto and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and just bought my first house through it.
Oh wow that's great, Congratulation 🎉
Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here
I understand how you feel,well is not luck is all about having good investment plans, watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey.
I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I’m encouraged keep it up
Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every TH-cam video says "BUY, BUY!" but when and how do I sell for profit at the right time?
Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
*Julianne Iwersen Niemann* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Amazing video! I’m 24 and want to get my first property. I think that calculator would be a great tool for me and others. A video like that would be awesome! Keep up the great work!
I LOVED the calculator and I definitely want a in depth video on how to create one of my own!
Thanks for not bullshitting like other TH-camrs (the ones that don’t invest just sell advice to followers). This is gold
This is a w I learned so much just in the first 4 minutes
Great content as usual, I loved this as I am about to invest in uk property with 70k deposit (plus fees and more savings for furnishing and decorating) to buy my own place, but I am also treating it as my fourth investment, having two spare rooms for lodgers to cover this property mortgage and tax costs... and to build my equity whilst working my day job for my next investment.
First, Jessica you need to have a salary of at least 25k before you will be considered for a mortgage, that you need for properties. If you want to achieve a 75 percent yield yearly, try looking out for an investing advisory or else you will be competing against professionals themselves.
Generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..
That's an intentional way to live Debbie, that's the only way to become debt free. I've already paid off two previous mortgages. Now I'm working on my third and I cannot wait since it has to happen before retirement in four years and I'm already getting there the proficient way, Luckily for me my trader and coach Frost Hilda has been using every opportunity to ensure I benefit from each turn the market takes.
Good luck staying debt free as much as possible in the future.
Absolutely Zachary, contract agreement splits are favorable, I’m also exceptionally well positioned as I’m privy, so that’s a good return deal for any investors creating revenue for more interest.
I'm from the UK as well and I'm currently overpaying my mortgage each month with money from investing. I'm on a no buy this year and my goal is to have my mortgage paid off in under 3years, hopefully sooner, so I appreciate and am forever open to receiving tremendous amount of value to achieve my target.
Having access to that calculator with be extremely beneficial and encouraging when scouring the web for properties.
Great stuff John! Thanks for sharing!! Totally agree with putting your eyes on the property and walking it. My current place, looked great with photos (of course it did) and all the numbers/amenities, etc. Then I visited the place for a walk through. Couple cracks in the drywall/plastering and a 2.5 in drop (just felt weird) in the floor from one side to the other of the house. $35000 later, everything is level, no I did not pay for that, seller did. Plus...if you're a newbie buyer...and you probably are watching this...make sure to ask your RE Agent questions. They know what/how to show things to people but because of their experience, they also probably know of what things to look for, especially if it's houses/apartments/condos that are similar in an area. "I sold 3 of these last year, all needed new sewer lines due to age/type, etc"....then you know you gotta add that to the inspection for sure!
And YES, you DO NEED an INSPECTION! The cost will save you $$$$$$$.
When I was younger and thinking about what I wanted to do with my life, Buying rental property was something that I have always been very interested in. I never had the money to act on it and go full force. Fast forward many years later. I now finally saved up enough money to buy my first rental property, but I have no idea of where to begin. Any help for anyone will greatly be appreciated. I want to make sure I do all the right steps. I have been seeing so many 101 guides on this topic, And this video made everything sound so simple. I Just need that extra push to make the 1st move on this journey and I want to make sure it will be the right one.
So first thing is saving money but you have that down already. Basically you’re set to start but always do your numbers and check how much you’re monthly mortgage would be and the monthly expenses such as property management, insurance, and so on. Now that you’ve done numbers, reach out to an agent who can help you ( they all know how) and start looking for properties. Get a home inspection ($300-$500) make sure everything works properly and seal the deal. First 2 weeks paint the house make it look more presentable and don’t go overboard because you might be the landlord but not the tenant so your specific desires won’t be necessary . List the home for rent and begin making money (ALWAYS COMMUNICATE WITH YOUR AGENT)
@@letsmakesomemoneyyyyyyy
Sounds like you have experience in this
@@GViramontes i work in real estate so i do have a good chunk of knowledge on this specific topic. I am actually planning to buy a rental property in Vegas next year so i am also researching a bit more so i can have full knowledge before taking a big step. Hopefully by 23 i can have two investment properties, its just all about research
Interested in the calculator. Great info!
As someone who just got his Cdl a very good friend of mine gave me some knowledge about doing this and I can’t wait to go to the next step
Great video! Would love an in-depth video with the calculator.
Mr.Liang Thank you for such an informative video. I' have saved up a good amount of money from my deployment in the middle east.I will be using this for a down for an investment property. This has really helped me understand what I have to do when I get back home.
Thank you once again
would really appreciate an in depth video on how to structure the calculator!
That formula to calculate the annual percentage gain is great! Thank you!
Hey John! Great video, really helpful information on getting a rental property. Super excited to see a video breakdown of how you setup your deal calculator!
I would love an in depth video on the calculator! Thank you so much for your tips!
Well Sir , I watched few videos of other who is trying to explain things but you are explaining things so clear and very simple , thank you for been great educator and I can not wait to buy my first rental
Interested in your calculator. Great info on the video, looking to buy my first rental property which is a 4 bed, 2 bath. It’s nail biting but I know it’s a great starting point. If rental makes it positive, I’ll be ready to buy the 2nd.
Thanks for the great video! I’d love to get access to the calculator you used! Keep up the great work!
This information is priceless. Thank you for doing this, John! Would love to see more real estate investing videos. Also, could you do a video on how you screen your tenants?
Im a teacher and i am looking to transition to real estate...Thank you for your video...very throughout
Please do an in-depth video of the calculator!! Running the numbers has been the hardest thing for me because I don’t know what all to plug in.
John, you are such a sweet person. I appreciate your videos and God Bless You!
Thank you for putting this content together. My wife and I are planning to do the exact same thing and you have opened our eyes to some elements that we hadn't considered and also have gotten us excited to buy our first property. We are also in MA and looking at properties in the South Coast area. Please send us your calculator as it will be super helpful. Thank you again and we'll keep you posted!
Hey John. Great video! Would love both a follow-up and a copy of the calculator if possible. Also, are there any books/other resources you would recommend?
I too would love to have a copy of the calculator.
Same! Pretty please. That calculator seems like a game changer :)
I would love that calculator as well!
Me too… can I get a copy of the calculator
Great video!!!! Would love a copy of the calculator spreadsheet, please.
If you're still using that calculator would you be willing to send a link to that spreadsheet to me so I can copy it? I'm in Texas so I will definitely not be swooping in on your turf.
Seems like this guy gets every angle of investing , I appreciate the simplicity 💯
Need the calculator for sure! Great video!
Thanks for the shoutout John & a great how to for everyone out there!
great video! PLEASE do an in depth of the calculator
Thank you for the video! Please comment a link for your calculator or tell me where I can get one
Great video; very helpful. Buying my 1st rental property. I'm so nervous, but I took the leap. Would love more calculator info.
so how does that go ?
did you find the calculator?
This information is priceless 🙏🏽
I’m glad you found it helpful!
Sweet video, subscribed!
Thank you!!
Great video, would be very interested in an in-depth calculator video please, learned a lot just by watching this!
same I would also like a link or something related to the calculator
Is there a link to this calculator?
Would love to know the same as well. I started to build a much less detailed calculator but I like additional details
Me too need the calculator with an explanation video
great video and very detail oriented!
Thank you so much for teaching house hacking in such a simple way. I dream of investing in real estate and have even been analyzing houses on zillow and for family members for fun. Would you be able to share a video showing more details of this calculator and maybe share it for a while? Thanks again.
lemme get that calculator
@@crumfit1232shut up
It’s a spreadsheet… share it.
How to get that calculator ? Or sheet?
I think a video explaining how the calculator works would be great!
Awesome video. Would love more breakdown on the calculator. Thanks.
The dynamics of the rental market impact both landlords and tenants, with factors like demand, location, and property condition influencing rental prices and vacancy rates.
Hi John, great insight. Definitely would love see a video on that calculator. Thank you for your work!
I second this.
@@stevemoore2699 I third this
How can I get the instructions on how to build your calculator?
please share or talk more in depth about that excel calculator! would be super cool to experiment looking at houses
I love the information you share, hopefully this will come in hand. Thank you!
Hey man, just wanted to say thanks for the video ! It was well put and an easy watch! Appreciate you
Thank you for the video! I learned so much… I would love to see the calculator
Great video. I really like your excel sheet calculator and the tip of using HUD. I want to buy a rental and make sure the property will be HUD certified.
First video I’ve seen of yours and it was super helpful! New subscriber!
FHA is good for your first two unit property. With 3.5% down but a three or four unit and putting 3.5% down will never pass the self-sufficiency test that FHA requires.Furthermore, you can only use the FHA loan once within 100 miles of each property also, requires that you live in one unit for at least 12 months.
You are amazing! Thx for sharing your passion … this is so valuable
Hope whoever reads this gains some value!
If you want to supercharge your investment, you should be looking for homes and small multi family units that have low interest FHA, USDA, or VA loans on them already and assume those loans from the seller. Then you can also use that same lender to lend the equity at today’s rates.
So in essence, you’ll have the main loan at say 3.5%, and a smaller loan at 6%; making your payment lower than purchasing a property outright with a 6% mortgage.
Here in Des Moines, I find plenty of homes with assumable VA loans at less than 3% Still.
Fantastic video, I will love a breakdown of your loan calculator key metrics method!
here to comment on, a big thank you! And ask for the calculator video
Good information! Thanks
Ive lived and worked as a plumber in boston and north shore area. I now live and work as a plumber in south eastern Virginia. Section 8 is much different in terms of renters. Might be state government standards.
Great video!! Would love more info on the calculator
This was such a helpful video! Thank you
Great informative video! Would love to know how you built your own calculator!
Thank you for this video.. make another video!!! Make a video about using house equity to buy something else
I would love to get more information on the calculator. Great video!
Great video John!, could I get more info about the calculator
Another great video, keep up the great work!
Great video! Would love to know in depth about the calculator!
Thanks. Amazing video. Starting to save for some real estate investments
Would definitely love a more in depth show on the calculator and maybe even a copy PS. I gave the video a thumbs up
Great video! Helps me think more realistically about a rental property. Can you please share the calculator?
Greta video bud! Would you make a in-depth video of the calculator? Also, make it available for us to download and use? Thanks!
Really amazing video, I just Graduated from Architecture School last year and trying to become an architect as developer. It shares a lot of the same principles as real estate investing, it would be great to see a more in-depth video using the calculator, I trying to create my own worksheet and currently looking for my first property to buy
Great Info!! Ive been looking into buying multi-family for my first purchase, but the prices around me seem a bit too high. I would love a more in-depth video on the calculator. Also, if living in a unit for some amount of time (say a year or 2), should that unit be included in the calculation of income since it will be rented out in the future? Or should it be left out of the calculation?
Great video! I’m very interested in your calculator. Thank you!
Great video! so informational!
Hi John, I’m just starting to get into this industry and that calculator would really be helpful, if possible could you please do a thorough video on that calculator I would really appreciate it
Thank you, great video. Is this calculator available to share?
Thank you for your videos. When you buy your first property, do you live in it and rent the other dorms? Do you pre-qualify with your own income and be able to add the income you will get from the rental? thank you for your response.
Thanks John! This is great, really helpful stuff. Can you share the spreadsheet with me?
Hi really enjoyed your presentation, however it was well over me to attempt to take any kind of notes for later reference. It would have benn nice to have this put on a PDF for viewers!
I'm 14,going to start dropshipping,get some experience and hopefully within the next 4-6 years I will make a decent amount of money which I will use to buy real estate so that I can retire early
Very informative thank. How do I get that calculator?
My biggest fear with owing a rental property is the maintenance expenses. I own a home now and shit breaks all the time its always at the wrong time and hits the wallet hard. i can’t imagine that with a rental property. i think that what will sink me.
Can have the tenant sign an agreement for damage expenses if they end up damaging parts of the property.
A local TH-camr that funny seeing these applied to my local streets
Thanks John for the low-down. How to get a calculator? Appreciate your help.
How long does it take for you to acquire at least two properties?
When selecting a good investment property, did you consult with a financial advisor?
Finally, can I buy a property and rent it out without being. Thank you 👍
😂 you're so awesome! Thanks for this video!
Glad to help!!
Credit card question.
I just received a Chase card a few weeks ago (Freedom Flex), but I'm looking to get started on the Chase Business Ink 8k spend for 100k points. If I were to apply for the Ink card, would I get rejected for the 2/30 rule. Also, I'm only 3/24 with chase.
Thanks for the question! So 2/30 refers to max of 2 approvals in 30 day period for just Chase cards. Assuming you only got approves for the FF a week or 2 ago, I see no problem with applying for the Chase Ink Preferred as far as the 2/30 rule you're in the clear. Hope that helps!
John! Terrific job explaining and keeping me entertained throughout your video! Thank you. If you sell the sheet where you calculate expenses and income is there a link where I can purchase? Could you make a video explaining how you built your calculator sheet on excel or google sheets?
Hi John, could you share your real estate calculator? Thanks
This would be phenomenal John…I would highly appreciate it.