Financial Advisors React to the Worst Housing Advice on TikTok!
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- เผยแพร่เมื่อ 20 มิ.ย. 2024
- Financial Advisors React to the Worst Housing Advice on TikTok!
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I didn't hear the guys mention it, but I'm 99.999% sure the "max out your credit cards on real estate" guy was standing on a stage in an empty theater that he probably rented to make that video.
I was thinking the exact same thing. No one is there and it’s faked. Just like those “podcast” clips that are just a person (or people) talking for 20 seconds and there’s no full length episode. Legit they just filmed like there was
That was Ryan Pineda he actually has a really big following on social media so i doubt it was empty. Seems like he has made it big but he definitely took some big risks in his early days
@@MikeN5Na I just checked it out and it looks like he bought those followers, or at least faked them. Guy has 420k followers but less than 100 likes on his pictures
@@samtrejojr5057 having watched hime for years, I doubt that. Maybe they aren't super active followers and he might not be as popular right now as he was when the real estate wholesaling niche was exploding, but he's not fake
It's BS. I did a lot of flips and when you max out your credit lines like this very quickly the lenders start dropping your credit limit or even closing accounts. You'll have a very hard time getting even hard money lenders to give you a loan as well.
These TikToks inspired me to cash out my 401k, max out twelve credits cards, and do x100 house flips... just this month alone! 😤💪
Wow! How are you enjoying your newfound early retirement?
Me too, except I put 10 more credit cards in my kid's name flipped 150 homes using their social security numbers 💪💪👌👌
And what colour is your Lamborghini?
Lol
😂😂
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
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.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Just had to replace the entire floor in our "passive income rental" because the tenant didn't tell me the icemaker line was leaking.
George doesn't mention how much him and his wife made in those 26 months to pay off the house.165k breaks down in 26 months comes out to 6350 a month towards the mortgage. Even if everything else in life is costing 1000$ (food electric gas ECT) they were bringing home nearly 8k a month meaning they were probably 200k+ a year. A median household makes I think 76k a year. Debt is easy to pay off when you make a huge amount like that but they probably could of paid it off in 3/4 years if they didn't have "no spend month" with an income like that.
I put 50k into a house and all I got was a mortgage payment
I put 30k into a house and all I got was 210k in equity and $1000 per month in rental income profit in just 4 years.
@@erwina4738 I bought a foreclosure for 6,200 in 2020, put another 6k into renovations and it rents for $1,200/month
@@erwina4738in what area are you in?
@@erwina4738 You bought right before the housing market doubled and interest rates doubled, which is great timing. Those are not typical results.
@@Joenzinator True but regardless real estate is about the long game. Tbh it will be impossible for most to buy a home in the near future and it’s possibly by design.
"I have a lot of money in my 401k" and "I have 50k in my 401k" are not the same thing
I'd love to see you react to Shelby Church's video on the cost/profit on her AirBnb
I wonder what their salary is. I could certainly make 50k last a couple of years in retirement but for a lot of people that's a drop in the ocean.
Anyone that says real estate is passive has never been in real estate.
Preach!
And anyone who says this is likely a landlord and sniffing their own farts too much. May be it’s not the most passive income out there but its certainly mostly passive. Bad things happen, but real estate investment is just that, an investment with risks attached. Regardless, the vast majority of renters pay their landlords well and on time. If you’re complaining about the necessary repairs that you have to do to your property I hope you also complain every time you have to get an oil change for your car
@@Riggy931 My comment wasn't a complaint as much as it is a fact. TikTok and TH-cam creators try to convince people how passive rental properties can be but truth be told is that owning rentals isn't for everyone.
@@Riggy931 Still a worse investment than the stock market, in every way. The time, effort and gains compared to simply buying a whole stock market ETF is simply far superior to real estate. Any object calculation always puts real estate up ahead. And considering housing prices are directly correlated with economic conditions (and thus the stock market), no matter whether its a recession or a boom, they will both following along the same trajectory. Its just that one Real estate has more risk than the stock market.
@Riggy931 "most poeple pay on time", "it's like getting an oil change for your car" okay so you have no idea what landlords do lol
Nothing passive about RE. It is a grind to actually get those outcomes.
Frankly, the amount of time, energy, and money that goes into RE isn't worth it for me. I'd much rather put my time and energy into my actual work and the people I care about, and that money towards a broad market index fund that I don't need to think too much about.
you can definitely do it passively but it'll cost you so much money you won't make any money.
As a young person the most exposure I’d want from real estate would come from REITs and even so it wouldn’t occupy a large portion of my portfolio
People invest in real estate to quit their 9-5s quicker
@@me0101001000This!
why does he buy his car cash while maxing out his credit cards? car loans are cheaper than credit card interest.
Because he doesn’t understand basic math
The trick is to never pay back the credit cards
Works Everytime. I mean except for when it doesn't, but don't worry about that. More Risk More Better. That's my motto when dealing with your money.
Interesting what you said about making your kids pay for things even if you’re wealthy. I had a rich-ish grandma (used to have more but never worked and made poor investment decisions) who wrote my sister and me out of the will for many years because she didn’t love my dad. My cousins lived their lives knowing they would inherit and acted accordingly as she spoiled them, paid for their college, and helped them buy houses. On her deathbed she changed her mind and my sister and I inherited as well (I didn’t know this happened until after the fact). My cousins never visited her as she was dying. They have already either spent the money or are using it to finance a lifestyle of not working and will end up with no retirement. I put it into index funds and haven’t touched it, and it’s already increased by 25% in a few years. I think if I thought I would inherit my whole life I’d be in a different position right now for sure. There was value in struggle, in having a single mom and not getting everything I wanted. I learned that there’s not much value in material possessions. We can’t take it with us. Our choices should make our lives comfortable and more joyful for the duration.
Wow. Great lesson. Easy to fall into the lifestyle trap. We aren’t doing any favors for our young people if we let that happen.
My nana is still alive and my parents are both OAPs. I'll not be seeing any inheritance until I'm already retired and I have 6 siblings so it's not going to go far. Anything I inherit will be a nice bonus but I'll need my own money to retire on. I'm going to knuckle down and graft for the next 30 years.
I see this in my cousins as well. I grew up with a single mother but my cousins had both parents and their father made an extremely good income. I'm worried for their future. Their father will not be able to work forever, they are in their early thirties now and don't have sustainable careers. One does music but it's more like a hobby that brings in some money. Not enough for him to support himself. The younger one is still taking college classes working on her Masters, but it took almost 8 years just to get her bachelor's. They both still live with their parents which I'm not against but they need to start earning money and saving for their own retirement and to be able to take care of their parents when they get old.
My best friends cousin sells Herbalife and try to be a good social media influencer...
They say on their videos that they bought those nice house and truck and cars when they are actually renting the house and we're borrowing the truck from family to move. 😅
They lost the house they bought and forced to rent with thousands in CC debt. Can't believe so many people believe these influencers and listen to them. It's sad.
I actually wrote my master's thesis on predatory MLMs like Herbalife...the fact that people still get sucked into those boggles me. It's all smoke and mirrors and 99% of people either 1) make a meager profit that equates to a McDonald's income or less OR 2) lose money and/or get into serious debt.
@@SixthSenseSynesthete Damn that’s a cool thesis idea, Is it published? I would love to read it.
The wealth that guy at 8:05 built up is going to disappear in two generations, tops.
Great video as always!
Most family wealth is gone in two to three generations so that's a pretty safe bet.
Having said that, if that guy also teaches his kids about real estate investing when he turns over the properties, they might have a fighting chance.
As an insurance advisor, there is no way that you could convince me to buy property in Florida
*cries in disabled family in florida*
As far as kids appreciating their things, my parents always took us to Payless Shoe Source to get some crappy $20 shoes. If we wanted something nicer or trendier (i.e. Nike), we had to pay for half the cost. Needless to say, I was never interested in the $180 Jordans but would buy something decent and durable in the $50-80 range. Making sure we understood that we needed to sacrifice something to have things more than the basic necessities was an important trait they instilled early on. I think this played a key part in me not caring about the Jones's or keeping up with them.
We did the same .. I paid the Walmart price .. if they wanted more, they paid the difference .. they did it once
My upgrade was jeans, sears jeans were paid 100%, I upgraded slightly, but no where near the expensive ones.
I love this idea, thank you for sharing 😊
Several years ago, I cashed out 150k from an IRA to buy a beach house and paid 50% in taxes and penalties.
It was incredibly stupid except for the fact that the property generates $80,000 a year in income and has increased over $400k in value.
I don't recommend that anyone do what I did but... Sometimes stupid works.
Damn, you lucked out.
Luck of timing. Sometimes you’re at the right place at the right time.
me *crying* in corner realizing I missed out on hundreds of thousands of $ on ethereum before it exploded
@@soapa4279 This was a very rare instance where luck actually worked in my favor.
In 2012, some drunk guy at a bar told me to buy Bitcoin when it was about $10 and I told them they were crazy.
It works for a few people, but the majority fail and go broke when it comes to real estate/house flipping.
Yeah, it’s when I heard a doctor say that someone cured their diabetes with Crack. She’s like “Did it work? Yes. Should she have done it? No.”
I put a $10k roof on a house with a 0% intro credit card. I worked 3:30am till 4pm 5 days a week and sometimes worked 6 hours on Saturday. I paid it off in 4 months. It was a very long 4 months. 😮💨
Good work on paying it off quickly, but hopefully next time you'll be able to just pay it out of an emergency fund without the stress.
@@elmateo77 No pain, no gain!
@@anniealexander9616Hopefully you’re taking time for your health. How many days a week do you hit the gym?
@@afridgetoofar1818 I'm doing the best I can. I build fiber optic cables. So, I get lots of exercise at work. I have a treadmill at home and do yardwork and gardening.
The fiber optic cables are too heavy for me but that's what I do....for now.
Boy, I hope you worked enough to save for q vacation
"The majority of houses sold in 2024 will be during these 8 months".... as long as the rate didn't double for the remaining 4 months, she'd be right. Pretty sure the majority of sunrises in 2024 will happen in those 8 months too
😂
“66% of home sales will happen in these 8 months” a regular Nostradamus
5:13 (Brian’s Troll here) … Bo’s perspective on credit scores is spot on
Agreed, they need to clip that as a short and send it everywhere
First rule of finance influencers, if they use the term 'k' as opposed to 'thousand', so for example the first video when the guy says '50k'. If they talk like that, you automatically know that they don't know anything.
Big fan of the staying at home (if feasible) plan. Especially if you're paying something towards utilities, etc., it's a great way to save money, pay down debt, and help the family some. It also takes some of the burden if your starting income isn't very much. My first FT job out of school didn't pay enough to cover the bills and pay loans, so living at home for a while helped offset that.
I'm going on 4 years now living at home after college. It's been amazing for my savings, so hopefully I'll have more flexibility in my 30s for life goals.
I lived with my parents after college for a year or so. The difference is there was a plan I had in mind, and not the housing market or whatever crashing or using my parents as a barrier between the real world and myself, that would be a dream and not a plan. When my career and numbers worked according to the realistic plan, I moved OUT a year early.
@@oreo507 I did it for a combined total of 4 years. That's when I did the bulk of paying down my debt, 401(k) saving, and emergency fund. After that, life gets expensive 😅
I lived at home for 5 years after graduating college. I saved aggressively during that time and just now bought my first home. I don't regret it at all!
The military gave me a huge boost to become financially successful. Got a mortgage through a VA loan with no down payment required.
The only time I've ever needed to use a credit card was with my issued GTC, so I've never had use for my own credit cards.
The hungry hungry hippo clip TOOK ME BACK to my childhood. Awesome job editing team. 😂
I had to laugh at them including George's TikTok into that list! Loved your reaction as well!
Careless whisper George! hahaha love it
Love these React videos, please make more. Thanks guys!
Love George, but yeah agreed, I disagree on his strategy. Thanks for all the great videos and info! Wish I knew about you guys years ago.
I find George interesting and entertaining. But I disagree with using one's home as part of their Millionaire Status. His heirs may get that money, but he has to live somewhere. I don't list it at all, but at cost is more reasonable.
@@charleslemaire8137 But as part of your net worth, your home equity has always been part of that figure - at least as long as I've been aware of anything like this (I'm in my 60s).
Yeah that whole pay the house off early when you have a 2.25% mortgage makes little sense. Rather grow my army of dollars. Those "buck" privates are doing the heavy lifting now.
I always appreciate this videos. I'm steadily working my way towards my first 100k in my retirement accounts, but doubt often sets in when I'm flicking through social media. Thanks for being here Guys.
My only issue about the 3% down is I don’t want to pay PMI and I want a lower monthly payment.
PMI is usually really cheap money.
Inflation just came in hot… and it doesn’t look like the Fed will lower rates. Some Fed officials are talking about raising again
Our society got used to the historically low fed rate & want to get back there. We need to get used to the idea that it’s likely to stay well above that 0-2% rate for decades. It’s just more normal
I just hope that short term rentals start getting banned in the near future. So much of the single-family housing in my area is being used for AirBnBs and the like, and it's depressing as a young person who wants to own a home one day! It's hard to dream for the future when the cheapest houses in your area are 500k+.
You could always move to where the cheap houses are. My local area isn't a vacation spot and has a bad reputation. My house is ridiculously cheap. This area is a HOA's nightmare with waist high weeds and broken appliances in the gardens. There is a constant smell of smoke in the air from the house on the corner burning rubbish. Within 5 minutes walk in either direction are tendy new builds and massive old houses where rich people live but my street would be worth more if they levelled it than it is now. I could not be any happier. My mortgage costs less than £500 a month even after we increased the monthly payment to shorten the mortgage term.
If you want an example of the local government getting involved in short term rentals, Richmond, VA recently passed a bill to limit the ability to use your home as an AirBnB.
Social media, where everyone is an expert on everything. It's way to easy to give advice about something you know nothing about.
I am pretty sure Orange County (Orlando) doesn’t allow short term rentals without authorization.
Orlando doesn't but people still do it until they get caught 🤷♀️
Housing inventory is actually growing exponentially
I’m vibing the new intro jingle song thing. Lol
OMG that intro 😂. Loved it
Real estate "investment" is incredibly hard. Don't let anyone tell you that it's easy and "passive". Forget flipping unless you have a TV show.
My car loan was 22%. I needed it to rebuild my credit though (it worked), so I paid off half the loan the day I got the paperwork to log in
Inflation data indicates a rate hike not a cut. It's stagnated at 3.5%. Needs to reach 2% prior to a cut.
The last clip is so funny
Love these videos
Focus on the process and the goals/results will come
What’s the new ring on Bo’s R hand. Fitness tracker? Just curious.
FYi - short term rentals are banned in Orange County Florida.
Wait did i hear you saying good inflation report......it was bad, very bad missed on everything, inflation went up, core went up, and super core through the roof, its been ticking up each month, and it would be a horrible decision to cut rates. Cause inflation is inbeded now, if rates get cut, inflation will skyrocket out of control
15 year fixed rate with payments at 25% of income? That's just completely unreasonable for most people in most of the US in this age. Completely out of touch
I used the ramsey method to get out of debt and grow my long-term wealth, but the 15 year, i just don't care for it. I understand the reasoning behind it, but if you are good with finances and are saving for retirement, you'll find a way to pay your mortgage off whether it's a 30 or 15.
Notice how in the second video the guy speaking didn't show anyone in the audience? He's probably talking to an empty room
45% down. Damnnnnn lol 😂😂😂
So if I have maxed out credit cards, does my credit usage right now have any impact on my credit score once i have them paid off
Good question! The answer is no, usage is based on the most recently reported balance from each lender. Reports are monthly, but the day of the month differs
Brian! It's an asterisk!!
These guys are the best. Kind of guys I want to go golfing with.
I understand your reasoning for putting down 3-5% on a house instead of, say, 45%, but in my case I think it makes more sense to do it like George. My income is fairly low (
It depends- do you want to only own a house or own a house and build liquid wealth outside of your house?
I also want to build liquid wealth outside of a house.
The girl 16 minutes in gives strong Bertie Wooster vibes. (Jeeves and Wooster) "Being a publisher is easy, you just write checks from time to time".
People my age (35) and younger are just looking for a get rich quick to then show off on social media. Not a lot of people want to understand how building wealth/sustaining wealth works.
Anyone who says "_____ is a scam" and follows it up with "I feel" is full of crap.
George paid off his townhouse while living in a low cost of living area. That is why is was more doable.
Exactly. To do that same setup for myself (15-year mortgage and under 25% take home), I'd have to have a mortgage (not cost) of $110k. That's also assuming I can get a massive down payment together first.
Yeah condos here are a million plus lol
@@Erin-rg3dw I would take that $110K any day haha... That's because I live in a high cost of living area in an expensive state. My 15 year mortgage would be 7 figures in that case. It would not be doable without sacrificing so many things if you have kids - contribution to retirement, after school activities, money for college, savings, an emergency fund, etc.
@@ehlesdee It sounds ridiculous, right? A condo/ townhouse with no backyard and a tiny patio at the entrance can be sold for $900K (and not in some fancy area even).
@IrisP989 Oh I would too 😂 there's nothing anywhere near me remotely near that amount 😅
Man, most of these tiktoks telling people to buy houses are basically saying "Why are your poor? Just get rich, its that easy", without really saying it. Most of those guys were already rich before getting richer. I mean, the real reason why so many people are doing this is because they have skin in the game. They own property and they want to create a demand so people want to buy houses and thus keep their asset values up, when in reality, less and less people are able to afford it, and the majority of buyers are other LLC's looking to make an investment.
Half my monthly money goes to my rent 🌚
You don't get hit with a penalty by taking the money out for a house purchase. I did and no penalty whatsoever.
What kind of credit cards are you getting with a 500 credit score? A while bunch of macys cards with a $300 limit lol.
And get used to always paying for those new cars with cash cause aint no one ever gonna give you a loan. Or a cell phone.
I'm with Ramsey and Kamel on this. Gotta get the first house paid off as soon as all other debt is paid off.
Credit cards with regional banks will often times give you convenience checks that do 12-18 months with 0 interest and 4-5 points. Way better than hard money for a flipper. I doubt that guy was paying 20%+.
i have just one house i am fixing to sell and its been a headache, it takes time and is complex with all the phone calls, things that need to be fixed, and hoping to get it on the market in time. Flipping five in a year I'm assuming is insane. plus all the inspections, tax's, and anything that randomly pops up
6 rate cuts in 2024? Ha, 50/50 we get one or less right now.
Rates will surely go up, so 50/50 it goes up or stay the same instead.
We should get used to the fed rate being higher than pre-pandemic because that was a historically low anomaly.
Love the tip of the hat to Aerosmith!!!!
My friend has a 21 percent car loan
But guys it’s easy.. just max out your credit cards, 3x your money in 2 months, pay them off, rinse & repeat 😅
This video inspired me to never go on TikTok.
they changed the projection this didn't age well lol 11:50
Out of state AirBNB = squatters.
+ likely not understanding small but important differences that make or break a location.
+ not being on top of local regulations.
My Kids need to buy their first car themselves, if You can't buy it, you cannot afford the operating cost. They will love that first rust bucket and build great memories.
❤❤❤
💪
You guys still don’t apply any risk to not paying your mortgage off, money in your IRA is almost useless if you loose your job.
The same goes for having all your money tied up in an illiquid and undiversified asset.. and if you weren't quite done paying it off, the bank will still foreclose on you.. property taxes and homeowners insurance sky rockets to 20k/yr and can't pay it? Bank takes your home even though you dont have a mortgage on it.
if you didn't overspend on your house and save/invest a good percentage of hour income, you can make the money to cover your basic expenses if you ever lose your job and have to take something that pays much less..
Plus, you can actually pull funds from your eoth IRA if you need them. You would make a withdrawal of the short fall each month of the short fall. If you were being paid 7k/mo and can't figure out how to make 4k/mo to cover your expenses immediately with new employment, you was never worth the 7k/mo job in the first place... likely why you got fired.
lose
My main issue with all of these TikToks is best case they embody the "survivorship fallacy", you're only seeing the successful folks that managed to hit everything just right and thread a needle to make a bunch of money on flipping real estate. You don't see the ones that crash and burn under the debt and end up in bankruptcy with nothing. The added layer here is that there is no accountability or auditing fo the claims made in the video. You don't know if they "own" 10 houses free and clear or of they actually have negative total net worth because of the loans on those houses.
Confusing "scam" with, not the maximum possible return.
With those real estate guru's the scam is whatever they are trying to sell.
Aerosmith reference there
I guess you guys need to define economic outpatient care, because the living at home thing (which I think is good if you're saving money and not spending it) seems like something you would rail against.
I know you've gotten some criticism for the staying on your parents health insurance answers you've given recently, just saying, some clarity might help.
I think the difference should be pretty clear. Basically the same setup as when the kids were in highschool, but with the young adults contributing something financially back to the household, such as $400/month. That's a stark contrast to subsidizing their lifestyle. One is "I will ease the burden on you by sharing my home with you" (which wouldn't increase the parents costs, especially if the young adults are paying them a relatively fair amount for the accommodation) and the other is "I will ease the burden by directly taking money our of my pocket and giving it to you.
Also comes down to the intent, if the young adults are using it as a step to get ahead vs blowing the money on discretionary spending.
Same thing for the health insurance. Every dollar I saved staying on my dad's insurance went into my Roth.
Bottom line: an exit strategy, not a permanent or multi year solution.
ALL OF THESE GUYS(EVEN YOUR FRIEND....)ARE COMING FROM A PLACE WHERE THEY HAVE A LARGE AMOUNT OF MONEY TO PUT DOWN 48% DOWNPAYMENT ON A HOUSE. JUST CRAZY
Buy now refinance later is the worst advice there is😂
Only Sam Hyde gets to do cred maxxing. No one else.
1st one is hilarious...you aren't flipping a house with 50k lmfao. There are tons of broke house flippers, but most of your millionaires are probably 401(k) millionaires.
You can’t pay your mortgage on a credit card…
Lol fuck the Ramsey guy, $6000 on his mortgage and overpayment and it’s supposed be 25% of your gross income?? I guess anything is possible when you’re rich af
Are you smoking crack? He said they worked extra to pay it off. They weren’t rich, they were disciplined. And their mortgage wasn’t $6000
@@brandonwaller4328He said they paid an extra $165k in 26 months. Most people don’t even make that much! Completely out of touch!
@@JakoWako again they worked extra, and paid $6346/mo. Assuming they had no other debt, which is most likely, it’s not that hard. You don’t do a lot of other things. If you and a spouse can’t make 8-9k a month, what the hell are you doing? DoorDash as a side hustle and make an extra 3/400 a week each, there are ways if you’re willing to work
3-5% down payment is just really bad advice. You just got finished talking about risk. The reason they tack on PMI with a low down payment is *because of the added risk*. Your down payment is equity once you buy that house, which means you’re a lot further along with paying off the mortgage. Telling people to buy a house with little to no down payment and PMI tacked on is just irresponsible.
kids live with their parents because their parents give them everything they want!
I thought that I had invented the “no-spend-month.” I like that idea but my wife likes the opposite, a spend all savings month.
Putting George Kamel on here was not right. George knows what he's doing and talking about.
As a nurse and part-time real estate agent with $330k saved, I'm keen to invest in the stock market to combat low bank returns and guard against inflation. How can I build a solid portfolio?
A healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $100k into $40,000 in annual dividends-a significant milestone for me today.
I have not written this sort of comment before but from the your comment, I knew that you have good understanding of investing, How can one reach this advisor of yours?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Passive real estate where the management company just does 'everything'....license to print money!
15:50 hope airbnbs get banned nationally soon.
Why
I don’t think it’ll get outright banned but with all it’s controversies it will definitely make it less popular for consumers.
@@dbdb4962If you pay for a home in a nice neighborhood you don't want it changed to a rentals. It is changing the rules mid stream.
@dbdb4962 it's a cancer.
On top of low housing supply, this strangles the already low supply.
In small towns, it's starting to snuff out residents. Making it very costly for people to live near where they work in already small towns with limited income.
Whole lot of issues with housing, airbnb is part of the issue.
@mikeyman1974 I expect a ban soon.
New York is working on it. Texas Republicans have commented on this being a problem that has gone out of control, and Hawaii just issued a ban. California looks to be next, and Florida has talks about it, but nothing concrete yet.
I expect a national ban soon.
😂 let me buy my kids a portfolio of real estate. Like don't complain when these kids grow up entitled. It was your fault
The demographic George is after is younger folks. He's following the baby steps, which means he was putting away 15% into their retirement accounts before attacking the mortgage. While he managed to pay it off in just a few years, keep in mind that they chose an inexpensive house to begin with. Here's the thing, though: George has a 100% paid off home for the rest of his life. He is 100% debit free. He can now put as much as he wants into his retirement accounts. He WILL retire a multimillionaire. Today's young people will not have a 3% mortgage. If they are putting away 15% and then knocking out their mortgage, they will be financially better off then the majority of their peers. Why? Because they will be 100% debit free.
Getting financial advise from 20 something’s on tick tock, is how I became homeless
😂😂😂😂😂 América
You should always make decision based on politics. There is no question that democrats are a complete disaster for the economy, if you vote for them enjoy the pain and don't complain about mega-high interest rates or hyper-inflation.
I feel like I speak for a lot of people when I say that I use to like Ryan Pineda, but over the years he has turned into quite the scumbag in my opinion. Got a little Grant Cardone in him
Buying this 200,000 dollar Lamborghini was the best decision ever
I’m rich now because I have 50,000 miles on it and it has appreciated because super cars make you rich!! I won the lotto
Next yr it will go up even more
I pay nothing for gas people pay it for me
I don’t pay maintenance tires
I have people that give me thumbs up pay for that too
One lady said beautiful Lamborghini and filled up my tank and bought me new tires
She even got under it and changed my oil
Who is accepting 3-5% down? People wont take you remotely serious if u put less than 20%
Almost all mortgage lenders will accept 3-5% down. Who else are you seeking approval from?
My Wife and I did 3% easy. 20% is a huge myth.