Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
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.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Housing prices went up dramatically because the government flooded the nation with helicopter money during COVID to keep people alive. That caused massive inflation in the long run (like it always does). Taking the money out of the system is alot harder than putting it in. Most of the inflated prices will end up being permanent and salaries will have to catch up.
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
A lot of folks downplay the role of advlsors 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.
@@CalistaLinnea This is definitely considerable! think you could suggest any professional/advisrs i can get on the phone with? i'm in dire need of proper portfoIlo allocation
Where I live, the price of a house is so high compared to rent. Average rent in my area is 2500, but average monthly payment in area is 6000 per month (includes mortgage, insurance, & taxes). That does not even include the fees like hoa (homeowners association) fees, property management fees, and maintenance fees. Don’t forget the utilities as well. In order for a property to cash flow in my area, you would need 80% down payment.
And at that point wouldn’t that be a capital issue for most people? Then they say to use a hard loan lender for cases like this…trying to understand it all 😅
Yep, even investors are getting crushed by private equity firms now. They're eating everybody's lunch and making it harder for people to afford living.
Unless you’re in LA, SF, New York, etc you’re not paying that in the slightest. I own 1 house in Tennessee and 1 house in Florida. 6000k a month would get you into very very high end where I live
I will say buying a super nice house is a mistake if you plan to rent it, not only because it’s expensive but because upper class people don’t rent… not saying buy a cheap cheap house to rent, but something in a low-middle class area (people making 30-50k per employed member) would be the ideal property because people with that income are more likely to want to rent.
Facts. You can find renters for those expensive houses and they can sometimes stay awhile, but when they move out, it’s empty for a longer time. The only way these really work is if you have several lower rental houses that can cover the mortgage when it’s vacant. But even then, why bother?
@@IL_Bgentyl oh yeah I just drove past a neighborhood of what could be almost townhouses in a rich neighborhood going for about 3 mil per, no “rent” signs anywhere tbh. This mainly applies for families not couples.
@@ericdouglas9380 Real estate goes up and down. However over the long run real property appreciates in value. Loses aren’t realized until you sell the asset. Some individuals purchase fine art to protect their wealth. Some purchase real estate. Some of that real estate is sitting empty. There’s no cash flow at all. If someone purchased a brown stone in New York 30 years ago for $100k-$200k it might be worth $2 million now. Even if they allowed their child to live in it rent free, it acted as a store of wealth.
People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts, I look towards the stock market to fuel my FIRE goal at this point.
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial planner can certainly help
@maria_casey real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed.. who is the professional guiding you if you dont mind me asking please?
I always think of how grateful I am that I brought my house literally before everything shut down during the pandemic in 2020. I settled with my realtor on a FaceTime presentation 😅. My rate is a little over 3%, it was HELL, but I’m still glad I did it when I did.
We will return to 3% some day. It might take 30 years or even 100 but it will happen. You might not be around then but everything cycles around eventually.
@@noahgsolomon no, this guy is giving out the worst advice I’ve ever heard. Notice how he starts by standing in front of a Rolls Royce? He’s trying to add credibility where there is none.
When I bought my first home in Miami in the early 1990s, mortgage interest rates were typically between 8% and 10%. It's unlikely that we'll see rates as low as 3% again anytime soon. As a result, sellers may need to lower their asking prices to attract buyers, which could lead to lower property valuations.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
The fiduciary that guides me is REBECCA NOBLETT ROBERTS most likely the internet is where to find her basic info, just search her name. She's established.
The advisor that guides me is Rebecca Noblett Roberts, most likely the internet is where to find her basic info, just search her name. She's established.
Well, in my opinion, If you invested it right now (during the market’s downturn) you’d be buying at a low price which is highly recommended by my fa and based on past performances in the market in 2030 with the right coach you should have four and a half million in your portfolio sitting pretty.
how can I get your advisor please, if you don't mind me asking? They seem to play a crucial role in these and I could really use some help as of now. I just sold a property
Melissa Elise Robinson’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
I've learned when an advice video has an expensive object(rolls royce) its usally filled with bullshit then a sale attempt at the end to take their course
Stop listening to people marketing in front of rolls Royce’s. If they can get you to believe the flashy stuff came from their knowledge you’ll buy anything they sale. Just find someone DOING what you want to do in your outer ⭕️. They exist you just don’t communicate enough.
The last house that he showed remind me of my brother's house in Washington last year he wanted to put it up for sale but it was really thrash and I drove 36 hours to get up there and remodel 2 bathrooms and garage door and other items in 2 weeks while working my other job via the phone. Although the house originally was originally thrashed with a little bit that I'd done maybe $3,000 worth of material investment for him the house sold for an extra $70,000
So in other words, buy in low income areas where you can raise the rent as high as you like and don’t have to keep the maintenance up and also not have to worry about pushback and wait for gentrification so you can sell high and displace people also with little pushback.
Low income areas are the worst investments in my neck of the woods (Cleveland Area). Those houses have negative returns and are constantly being demolished - rents are 400-800 a month.
@@oa8463 low income is the hardest to manage... Highest eviction rate, most theft/destruction, appliance/copper vandals, higher vacancy, tradesmen are afraid of getting tools stolen...
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks..
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@@mnthunder Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...
@@rougeur How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@mnthunder *Gary Mason Brooks* 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.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
@@KoshieTCGgreat…The 2008 housing collapse was caused by unlimited loans to poor people. Banks don’t give loans to people who can’t pay them back, and that just happens to include the majority of Black Americans, so what happens when you FORCE banks to give endless loans to everyone? Housing collapse and economic recession.
Get a USDA, FHA, or some other beneficial program. Talk price as low as you can, get the appraisal. Then tell them you want to use the equity to roll over and cover closing. Only money down needed is $1000 or so for earnest and for the appraisal or inspection.
Buy a house because you like the house and you want to live in it for the rest of your life, not because you want to make money. Think of it as a liability.
What about 220k how remodled 4 years ago, new roof 1000 sqr feet on a 9k swr foot lot. I just bought it yesterday with 3.5% down but plannon making 10k primcipal reductions every 10 months. Sound solid or no? Neighborhood is safe and working class.
I missed the days ppl bought homes to LIVE IN and not use it as a get-rich cash flow generator….. Now an entire generation of people will never be able to afford to rent or own a home. Cause of predatory investors buying property just to get rich :/ Disgusting.
Seems you spew back what you learned in college from your Marxist professors. 😅 educate yourself before complaining about America. You are welcome to go to my country for human rights🤘🏽😬
Housing is a human right-you have the right to buy any house you can afford, or you can build one with your own hands. But rather than buying a house, it seems like you think you’re entitled to have a house even if you can’t afford it. So who do you expect to pay for your house, the taxpayers?!
Right, let’s not mess with the rich. Instead! Let’s prey on the poor. Let’s buy all the cheap houses so they never own one, and let’s profit off of them!! 👏 👏 👏
1. How & where do I find the building to buy to put a % down on?? 🤔 2. I also want to own a 20 story apartment building and I know it’s gonna cost somewhere between 29.6M - 80.25M. 3. My first investment will be a high profitable card laundromat business. that’s going to give me my financial freedom, so I can hopefully retire in my late 20s. I also want a big solar form.
Real Estate has changed. Unless you have being saving long term. You are wasting your time thinking you can purchase property short term. You need more than enough to pay for emergency repairs and bills that change from month to month.
i invest in 2 bedroom apartments - less maintenance issues, easy to rent out, and no big families with lots of kids or pets to trash like they would a big house
If you are looking to cashflow buy multifamily properties. Stay away from single family, less cashflow and you end up driving prices up for families looking to buy and not rent
This was the best info I could have asked for! I have multifamily opportunities, but they are new construction. This was great information, and I thank you for sharing!
Hello, should i buy a property right next to a FCC tower for vacation rental? Even through it is beautifully built on the largest lot in the area and 3 walking blocks from the beach? Im afraid that down the road the value will depreciate greatly because of the FCC tower.
So if you can’t add onto the house, it’s not a good property. I was gonna buy one if it’s out of my hands but I didn’t have that much room around it and a person had already added onto. It was made it hard to get financing but I just wanna be clear you’re saying that if you can’t add onto the property is not a good investment.
You have it backwards; investors should buy the most expensive home, then they cannot rent it. Then they are forced to sell it, but they won’t be able to at the price they bought and are forced to sell at a 30% discount. Then all investors can invest in something other than homes, house prices drop 30% to what they should be and citizens can start buying home at a reasonable price and not inflated investor prices.
That 1st house you showed is what I pay 100% cash for. DAVE RAMSEY BABY !!!! LOL !!!! I buy very nice homes like that in nice neighborhoods and turn them into clean and sober living homes.
I bought my 5 bed room house 2 story and rent out the room to my classmate and student. It is one of the best way to invest. Now, I am selling it for more then what I bought it at.
600-1200sqft single family are the best deals you can land. You're showing houses that no one should rent out regardless of neighborhood... it's stupidity
This guy isn’t wrong but also isn’t right either. We own a rental in suburbs and have no mortgage on the property and rents are high. So don’t let this video deter you from buying what you want. Just take in the big picture.
Isn’t an expensive property good when you use it for short term rentals? For instance if I bought a 875k dollar lake house near where I live and I rent it out 400-450 a night (this is an accurate range for that area) and rent it out, let’s say 200 nights a year, I would make 80k-90k a year before expenses. That sounds like a great investment.
I think anyone house today, at its price, taxe and insurance is not worth buying. Cheaper to buy a piece of land and a Camper and make it self sufficient. At least till things calm the fook down in America. Let the Real Estate Market Starve as well as the Banks, Buyers have the power and they must use it to their advantage.
I bought several nice homes for profit and did great over the years. Personally I focus only on premium properties. I earned so much equity from two of those homes that I was able to purchase my personal home in cash several years later. I wouldn’t of been able to do that had I owned some crappy houses is shitty neighborhood’s. Don’t believe everything on the internet ladies and gents
He not lying, my home I stay in I can't really rent it out because the mortgages are about 2k and high median rent 1900-2200. After fixture and damages caused by tenants I would come out negative. However, I also own a not as modern and smaller home where the mortgage is 700, but I rent it out for 1600. When buy investments home you have to absolutely make sure your checking the median rent in the area compares to mortgage, shoot check the median wage for that city too, rent to buyers ratio, and population too if you really wanna have a good forecast.
Real estate is one of the slowest investments. Many people don’t realize this. It’s a safe investment for sure , assuming that the house will grow in value over time and eventually become free for you but it’s still one of the slowest investment. I’d only buy real estate after I 10x my money investing into other things , and then maybe shell out for a property. On average it will take more than 60 years to 10x a real estate investment if your lucky and don’t face too many recessions in that time which bring the housing prices down.
People should be starting with small apartments, build some equity, and then use that equity to buy a house further down the line. That's all. Ignore what this fellow is saying unless you already have a lot of money.
That's why you buy land with no hoa fees. Sooner or later someone will offer you more than what you paid for it. Even if u don't get money out of it, u own equity and freedom of the land.
if u are highly analytical, precise and logical......you shouldn't be a landlord as i found out........ You gotta be a people person first and a flexible tough guy with some DIY skills.
I'm in the Seattle area... I really want to start flipping. Can I shadow you as you do your genius work? Also want to start finding rentals to get like you.
Uh, actually, that means renovating the property won't make it more valuable when the bank appraises it. On the other hand, rent is determined by what the market is willing to pay for it.
All of my properties are in low income Hispanic neighborhoods. Home prices are low, rents are high, customers tend to be good families looking for stability. If there are bars on the windows or doors...rents are low if you can even collect it without getting shot.
Imagine saving up buying a house you’re sitting on your porch and a guy comes and says this house is shit
😂😂😂
In a white Roll Royce at that. Lol
@@thatguy9141 I thought you were talking about Grant Cardone at first because I just watched his ad for his course and he has one too 😂
Hahaha, I never even thought of it like that 😂
Real talk fam. Lol u made my day
Tip: To buy a house, you should have done that in 2008 when you were 8 years old.
😭 this seems to be the only answer, there's so much conflicting advice nowadays
I was 2 years old sitting on my ass, could have been in the caribbean living the life
Y u no listen. Lazy kids these days. Back in 1970 we worked
Right 😂
true T_T should just invent time travel and I could be set for life with just minimum work, why didn't my parents buy more stuff when they were cheap
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
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.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Mind if I ask you to recommend this particular coach you using their service?
Rebecca Nassar Dunne maintains an online presence that can be easily found through a simple search of her name on the internet.
Housing prices went up dramatically because the government flooded the nation with helicopter money during COVID to keep people alive. That caused massive inflation in the long run (like it always does). Taking the money out of the system is alot harder than putting it in. Most of the inflated prices will end up being permanent and salaries will have to catch up.
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
A lot of folks downplay the role of advlsors 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.
@@CalistaLinnea This is definitely considerable! think you could suggest any professional/advisrs i can get on the phone with? i'm in dire need of proper portfoIlo allocation
@@MikeWyatt-e8h Well the name is 'sarah otto kohart'. Just research the name. You'd find necessary details to reach out.
@@CalistaLinnea Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
@@MikeWyatt-e8h My pleasure, hopefully she responds soon
Where I live, the price of a house is so high compared to rent. Average rent in my area is 2500, but average monthly payment in area is 6000 per month (includes mortgage, insurance, & taxes). That does not even include the fees like hoa (homeowners association) fees, property management fees, and maintenance fees. Don’t forget the utilities as well. In order for a property to cash flow in my area, you would need 80% down payment.
And at that point wouldn’t that be a capital issue for most people? Then they say to use a hard loan lender for cases like this…trying to understand it all 😅
Yep, even investors are getting crushed by private equity firms now. They're eating everybody's lunch and making it harder for people to afford living.
Exactly. This right here is happening everywhere.
That means rent needs to catch up or prices need to come down or both.
Unless you’re in LA, SF, New York, etc you’re not paying that in the slightest. I own 1 house in Tennessee and 1 house in Florida. 6000k a month would get you into very very high end where I live
I will say buying a super nice house is a mistake if you plan to rent it, not only because it’s expensive but because upper class people don’t rent… not saying buy a cheap cheap house to rent, but something in a low-middle class area (people making 30-50k per employed member) would be the ideal property because people with that income are more likely to want to rent.
Facts. You can find renters for those expensive houses and they can sometimes stay awhile, but when they move out, it’s empty for a longer time.
The only way these really work is if you have several lower rental houses that can cover the mortgage when it’s vacant. But even then, why bother?
@@successfulusername I would imagine high end houses make better returns as Airbnb and/or accessories for shoots of some kind.
@@9snaga that’s probably true, but Airbnb is much more dependent on location.
What do you mean upper class/rich people rent all the time 😂
@@IL_Bgentyl oh yeah I just drove past a neighborhood of what could be almost townhouses in a rich neighborhood going for about 3 mil per, no “rent” signs anywhere tbh. This mainly applies for families not couples.
Everyone’s priority isn’t cash flow. Some people are using real estate for the appreciation, or wealth protection.
Some people are living in their homes and tired of prices exploding from investors flipping homes to rentals.
@@watamatafoyuwaaaaahhhh😢😢😢 😂😂😂😂😮
Not prioritizing cash flow means you'll over leverage yourself and be left holding the bag if a crash comes in the future
@@ericdouglas9380 Real estate goes up and down. However over the long run real property appreciates in value. Loses aren’t realized until you sell the asset. Some individuals purchase fine art to protect their wealth. Some purchase real estate. Some of that real estate is sitting empty. There’s no cash flow at all.
If someone purchased a brown stone in New York 30 years ago for $100k-$200k it might be worth $2 million now. Even if they allowed their child to live in it rent free, it acted as a store of wealth.
…you from China?? Tsk tsk tsk.
People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts, I look towards the stock market to fuel my FIRE goal at this point.
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial planner can certainly help
@maria_casey real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed.. who is the professional guiding you if you dont mind me asking please?
I always think of how grateful I am that I brought my house literally before everything shut down during the pandemic in 2020. I settled with my realtor on a FaceTime presentation 😅. My rate is a little over 3%, it was HELL, but I’m still glad I did it when I did.
@@JamesWillockour niobk o😊 kì. 😅j no I n ioookn jnit k
We will return to 3% some day. It might take 30 years or even 100 but it will happen. You might not be around then but everything cycles around eventually.
He sounds like my drunk uncle
Be respectful bro
@@noahgsolomon no, this guy is giving out the worst advice I’ve ever heard. Notice how he starts by standing in front of a Rolls Royce? He’s trying to add credibility where there is none.
True hahah
You got L parents who let you be around him
We all love our drunk uncle
When I bought my first home in Miami in the early 1990s, mortgage interest rates were typically between 8% and 10%. It's unlikely that we'll see rates as low as 3% again anytime soon. As a result, sellers may need to lower their asking prices to attract buyers, which could lead to lower property valuations.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
Could you kindly elaborate on the advisor's background and qualifications?
The fiduciary that guides me is REBECCA NOBLETT ROBERTS most likely the internet is where to find her basic info, just search her name. She's established.
The advisor that guides me is Rebecca Noblett Roberts, most likely the internet is where to find her basic info, just search her name. She's established.
While i admire long term investors, I really don't know what to expect. For instance, if i invest 500k what would my portfolio look like in 2030?
Well, in my opinion, If you invested it right now (during the market’s downturn) you’d be buying at a low price which is highly recommended by my fa and based on past performances in the market in 2030 with the right coach you should have four and a half million in your portfolio sitting pretty.
how can I get your advisor please, if you don't mind me asking? They seem to play a crucial role in these and I could really use some help as of now. I just sold a property
Melissa Elise Robinson’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
i want to invest
I just looked up your coach and she seems very rich. Need to change the trajectory of my finances, will definitely work with her
I've learned when an advice video has an expensive object(rolls royce) its usally filled with bullshit then a sale attempt at the end to take their course
Yeah who wants to deal with drug addicts, problematic tenants n bs in that fucked up neighborhood
I see a lazy guy up here
@@flyingwithanything27 not really i work 100hour plus weeks i have rentals but i do stay away from ghettos n f up neighborhoods,u do u
@@Geknight 👍
Stop listening to people marketing in front of rolls Royce’s. If they can get you to believe the flashy stuff came from their knowledge you’ll buy anything they sale. Just find someone DOING what you want to do in your outer ⭕️. They exist you just don’t communicate enough.
Facts
So you’re not disagreeing with what he’s saying you’re just mad he has a flashy car🤦🏿♂️…
Hes wanting you to buy his shithole 😂
Facts
I think he does do a lot though
The last house that he showed remind me of my brother's house in Washington last year he wanted to put it up for sale but it was really thrash and I drove 36 hours to get up there and remodel 2 bathrooms and garage door and other items in 2 weeks while working my other job via the phone.
Although the house originally was originally thrashed with a little bit that I'd done maybe $3,000 worth of material investment for him the house sold for an extra $70,000
So in other words, buy in low income areas where you can raise the rent as high as you like and don’t have to keep the maintenance up and also not have to worry about pushback and wait for gentrification so you can sell high and displace people also with little pushback.
Low income areas are the worst investments in my neck of the woods (Cleveland Area). Those houses have negative returns and are constantly being demolished - rents are 400-800 a month.
@@Aaron_R low income not under the poverty line .
@@oa8463 low income is the hardest to manage... Highest eviction rate, most theft/destruction, appliance/copper vandals, higher vacancy, tradesmen are afraid of getting tools stolen...
What is wrong with that?
Next you’ll tell me, “It’s immoral to sell a hamburger for more than the cost of production.”…..
@@Americansikkuntyou’re crowing out people from becoming homeowners, with your demand for investment taking priority over their demand for housing
Never knew trade could be so challenging!
Kept running back to these TH-cam videos
to learn more about this your video is indeed hopefully thanks.
Who else think this trade is kinda easy
but is Wway to nervous to start
Sadly these are one of the changes in
trade profit is not always assured..
Growing an account requires dedication
and Patience
Not everyone has
the patience and persistence to grow
account. Some may end up blowing up
their account.
I was winning in a demo before I started
a live account... All l can say is that I
lost a sum of $1500 in there different
attempts.
The best house is a dump in a really nice neighborhood.
Often, the city will incentivize you on your journey of getting the eyesore out of their area.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks..
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@@mnthunder Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...
@@rougeur How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@mnthunder *Gary Mason Brooks* 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.
People like this guy are a part of the reason why we can't buy houses to begin with, they playing 1st edition pokemon cards with the housing market.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
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Mind if I ask you to recommend this particular coach you using their service?
Jessica Lee Horst maintains an online presence that can be easily found through a simple search of her name on the internet.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I’ll wait till the guy at mc donald’s gives me my fries and tells me he just got a house no money down and cash back. Then i’ll know the crash is on.
They already doing that in poor communities with predominantly hispanic and black people😂
@@KoshieTCG we can’t go through this again are you serious?
@@KoshieTCGWhat? You're gonna have to show how that's actually real because I think you just completely made it up.
@@KoshieTCGgreat…The 2008 housing collapse was caused by unlimited loans to poor people.
Banks don’t give loans to people who can’t pay them back,
and that just happens to include the majority of Black Americans,
so what happens when you FORCE banks to give endless loans to everyone?
Housing collapse and economic recession.
Get a USDA, FHA, or some other beneficial program. Talk price as low as you can, get the appraisal. Then tell them you want to use the equity to roll over and cover closing. Only money down needed is $1000 or so for earnest and for the appraisal or inspection.
I wonder how many of these internet real estate “investors” can make it without free money from the Fed
Exactly 😆 I was just wondering how he got his money because he looks like he'd struggle to sell a popsicle.
Buy a house because you like the house and you want to live in it for the rest of your life, not because you want to make money. Think of it as a liability.
What about 220k how remodled 4 years ago, new roof 1000 sqr feet on a 9k swr foot lot. I just bought it yesterday with 3.5% down but plannon making 10k primcipal reductions every 10 months. Sound solid or no? Neighborhood is safe and working class.
Which city/burb? RE can only be discussed w/LOCATION - as close as possible.
One of the best in the business! Solid advice!
I missed the days ppl bought homes to LIVE IN and not use it as a get-rich cash flow generator….. Now an entire generation of people will never be able to afford to rent or own a home. Cause of predatory investors buying property just to get rich :/ Disgusting.
Interesting. I was thinking at least one was going to be a good deal. It makes sense.
Facts
Same
No it does make since he’s in a high market. Not every piece of advice works exactly the same in every market.
America, where housing is seen as a profit making machine rather than a human right ❤
Seems you spew back what you learned in college from your Marxist professors. 😅 educate yourself before complaining about America. You are welcome to go to my country for human rights🤘🏽😬
That's all the world my buddy. Get be fooled
You should see China
Developing and selling a home is a profit-making opportunity everywhere.
Housing is a human right-you have the right to buy any house you can afford, or you can build one with your own hands. But rather than buying a house, it seems like you think you’re entitled to have a house even if you can’t afford it. So who do you expect to pay for your house, the taxpayers?!
Depends on your goals. Also may get the best tenants with least headaches
What’s best way to find rental rates? In other words how to look up what the rent is in any given area?
Hey! Why are you in front of my house? 😭
He wants to buy it for an investment property
@@driftx2 lol it was a joke
@@Ivaneatsdallas hey can I use your shower I promise I’m not a two time convicted thief ?
@@Ivaneatsdallas r/doublewoooosh
I have to stop scrolling 😂
Right, let’s not mess with the rich. Instead! Let’s prey on the poor. Let’s buy all the cheap houses so they never own one, and let’s profit off of them!! 👏 👏 👏
This guy literally said not to buy the cheap house because there's no way to get more money out of it.
Worst houses to buy as an investment:
Expensive house
Middle price range house
Cheap house
Lol, right.
1. How & where do I find the building to buy to put a % down on?? 🤔
2. I also want to own a 20 story apartment building and I know it’s gonna cost somewhere between
29.6M - 80.25M.
3. My first investment will be a high profitable card laundromat business. that’s going to give me my financial freedom, so I can hopefully retire in my late 20s. I also want a big solar form.
Also - For funding when you have little, work at no fee, software sales is also a great place to start
Real Estate has changed. Unless you have being saving long term. You are wasting your time thinking you can purchase property short term. You need more than enough to pay for emergency repairs and bills that change from month to month.
Aspen/Snowmass is the best investment … if you can afford it 😅😅
i invest in 2 bedroom apartments - less maintenance issues, easy to rent out, and no big families with lots of kids or pets to trash like they would a big house
Seems property is overinflated everywhere be it Europe or America.
If you are looking to cashflow buy multifamily properties. Stay away from single family, less cashflow and you end up driving prices up for families looking to buy and not rent
This was the best info I could have asked for! I have multifamily opportunities, but they are new construction. This was great information, and I thank you for sharing!
Bring back buying a house to live somewhere lol. And protect wealth.
My experience, these properties performed the best… you just have to buy them right.
Dave Ramsey gives the best advice on Real Estate investing
im 18 and im trying to find myself a place and buy a nice house ill stay in for a long time,but why are the cheapest house 400k nowadays-
Hello, should i buy a property right next to a FCC tower for vacation rental? Even through it is beautifully built on the largest lot in the area and 3 walking blocks from the beach? Im afraid that down the road the value will depreciate greatly because of the FCC tower.
Not really. I'll do a wholesale lease option, get up to 35k, and move on. I would not overlook these houses.
So if you can’t add onto the house, it’s not a good property. I was gonna buy one if it’s out of my hands but I didn’t have that much room around it and a person had already added onto. It was made it hard to get financing but I just wanna be clear you’re saying that if you can’t add onto the property is not a good investment.
Well the first problem is your talking about single family homes. They don't appreciate like multifamily
You have it backwards; investors should buy the most expensive home, then they cannot rent it. Then they are forced to sell it, but they won’t be able to at the price they bought and are forced to sell at a 30% discount. Then all investors can invest in something other than homes, house prices drop 30% to what they should be and citizens can start buying home at a reasonable price and not inflated investor prices.
That 1st house you showed is what I pay 100% cash for. DAVE RAMSEY BABY !!!! LOL !!!! I buy very nice homes like that in nice neighborhoods and turn them into clean and sober living homes.
Then what should I buy
What is ADU? What do you mean when you say you can’t add anymore value to it?
I bought my 5 bed room house 2 story and rent out the room to my classmate and student. It is one of the best way to invest. Now, I am selling it for more then what I bought it at.
My biggest regret is not buying a house when I was four years old back in 2008.
600-1200sqft single family are the best deals you can land. You're showing houses that no one should rent out regardless of neighborhood... it's stupidity
There may not be more land but you can build up….instead of a one floor house you can turn that into two or three…
Is adding an ADU the move now to make these properties work
This guy isn’t wrong but also isn’t right either. We own a rental in suburbs and have no mortgage on the property and rents are high. So don’t let this video deter you from buying what you want. Just take in the big picture.
the moves, the clothes, was waiting for him to rap
Please do a video on cars that don’t add value or are too nice for the neighborhood too
I have hard time understanding you , is tgere longer video with low pace explanations?
Isn’t an expensive property good when you use it for short term rentals? For instance if I bought a 875k dollar lake house near where I live and I rent it out 400-450 a night (this is an accurate range for that area) and rent it out, let’s say 200 nights a year, I would make 80k-90k a year before expenses. That sounds like a great investment.
What? 8% return~?
When you dont have that fake energy anymore but havent realised it yet !
How much does it cost to rent a rolls for a day ?
Around how much capital do I need to get a multi family property? Thank you guys!
You forgot to include crappy houses in undesirable neighborhoods that need a ton of repairs.
I think anyone house today, at its price, taxe and insurance is not worth buying. Cheaper to buy a piece of land and a Camper and make it self sufficient.
At least till things calm the fook down in America. Let the Real Estate Market Starve as well as the Banks, Buyers have the power and they must use it to their advantage.
I bought several nice homes for profit and did great over the years. Personally I focus only on premium properties. I earned so much equity from two of those homes that I was able to purchase my personal home in cash several years later. I wouldn’t of been able to do that had I owned some crappy houses is shitty neighborhood’s. Don’t believe everything on the internet ladies and gents
Any house…. Any house is a bad investment because it could be somebody’s home for the same price… leave houses alone
He not lying, my home I stay in I can't really rent it out because the mortgages are about 2k and high median rent 1900-2200. After fixture and damages caused by tenants I would come out negative.
However, I also own a not as modern and smaller home where the mortgage is 700, but I rent it out for 1600.
When buy investments home you have to absolutely make sure your checking the median rent in the area compares to mortgage, shoot check the median wage for that city too, rent to buyers ratio, and population too if you really wanna have a good forecast.
Fact: Not a good idea to buy a over appraised home. 💡
Real estate is one of the slowest investments. Many people don’t realize this. It’s a safe investment for sure , assuming that the house will grow in value over time and eventually become free for you but it’s still one of the slowest investment.
I’d only buy real estate after I 10x my money investing into other things , and then maybe shell out for a property. On average it will take more than 60 years to 10x a real estate investment if your lucky and don’t face too many recessions in that time which bring the housing prices down.
Housing shouldn't be bought as an investment
People should be starting with small apartments, build some equity, and then use that equity to buy a house further down the line.
That's all.
Ignore what this fellow is saying unless you already have a lot of money.
Imagine the people who lived in those houses he pointed at, watched this video
When he says the percentage is referring to the down payment percentage?
That's why you buy land with no hoa fees. Sooner or later someone will offer you more than what you paid for it. Even if u don't get money out of it, u own equity and freedom of the land.
What if you buy to flip it ?
He definitely on pharmaceuticals my man
What I gather from this video is don’t be a landlord 🙂
Wrong. Even Donald Trump owns real estate. Its a great investment you just have to do what needs to be done
if u are highly analytical, precise and logical......you shouldn't be a landlord as i found out........ You gotta be a people person first and a flexible tough guy with some DIY skills.
You could definitely Airbnb 1 or 3 & get a good return
You don’t wanna airbnb in a saturated market with low rates.
This is where it gets difficult. The start of it. Yep. The old location card in real estate! 💯💯
So basically don't buy a house anywhere 🤔🤔🤔
What if you’re in the military?
I'm in the Seattle area... I really want to start flipping. Can I shadow you as you do your genius work? Also want to start finding rentals to get like you.
Find the worst house on the best street not the best house on the street 🙌
Hi, is it good to buy a townhouse near the highway? Thanks
How much to rent the RR, for couple hours?
Seems like he just wanted to show that rolls Royce
Northshore & Eastern suburbs in sydney Australia best area to buy no crime and houses go up in value quicker
No house is the worst, if you can buy them all
I have no idea about real estate. However, I'm good at knowing about other types of investments.
the cameraman are the house owners of those houses he is talking about
“You can’t add any value to it” = “I can’t Jack up the rent”
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💀🎯
"This is why I'm poor and will remain poor"
That actually helped 😂😂
Why don’t you move to a socialist/communist country while you’re at it? :)
Uh, actually, that means renovating the property won't make it more valuable when the bank appraises it.
On the other hand, rent is determined by what the market is willing to pay for it.
do people actually let you go around towns pointing at their houses and told the whole wide world their houses are not good to buy??
sounds like he's trying to discourage competition.
Investment in rental properties is like learning you are never to old😂
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All of my properties are in low income Hispanic neighborhoods. Home prices are low, rents are high, customers tend to be good families looking for stability.
If there are bars on the windows or doors...rents are low if you can even collect it without getting shot.