Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
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.
Your advisor must be really good, I hope it's okay to inquire if you're still collaborating with the same advisor and how I can get in touch with them?
Rebecca Nassar Dunne 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 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.
The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
“Sonya Lee Mitchell” 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.
The big money is DEFINITELY made in real estate investing if you do it right, serhant just wants to promote and recruit agents onto his team… so of course this is gonna be his answer lol
Yes so right as an agent I don’t wanna be an agent all my life running around calling showing houses no I wanna be the one on the other side but you can’t unless you do the big boy transactions I applaud your comment Jason
You can do both. When you have an uncalled income & you're on the front line for real estate opportunities then you have a great combo to find great investments.
Brokerage is essentially risk free if you are an ethical person, that can follow timelines, understand your paperwork, and get people into and out of property. Not a scam.
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
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.
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.
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..
Can’t wait for real estate agents to be a thing of the past. Nobody benefits from them. Just like car salesmen. Sales as a whole needs to and will be gone thanks to AI. Sales ppl provide little value and cost both the buyer and seller a lot of $.
Horrible recommendation. Dirty secret in real estate duplexes, triplexes, and quads have huge turnover rates. Frankly most of the tenants in those hate those situations and are just waiting to move out ASAP. Stick to 3-4 Single Family Houses or single residences to rent out and stay away from what the guy above is talking about.
Trash advice its like saying don't be youtube be the guy making pennies on the platform hoping his video goes viral. Take that tax return you get every year from your 35 kid deduction and buy property. Then take out a helioc loan and buy another property, then rinse, and repeat. 401ks make you a slave to a company & tied to the craziest riskiest gamblers you ever met.
@@jbatts834 It's better advice than what this vampire is suggesting. And no we've never had a mortgage crisis every 5-7 years in the country period. Since when does putting up collateral against debt hurt the economy? Go back to school rookie. We have however seen banks and companies too big to fail be bail out countless times 😆.
kind of , if you’ve been on tiktok you’ve seen how ppl put out signs saying @we buy houses “ they basically find someone interested in buying a home , then they report it to the owner or real estate investor , and they say hey i have someone who wants to purchase this house , you give me 10k out of what you make and i’ll send you the buyer , that’s not exactly how it goes but very similiar and i think that’s what he’s getting at , you basically get paid to be a middle man
@@ThomasMooney-mw2eg you find people with crap houses. Offer them money, then sell the contract for higher. If you can’t sell the contract you are obligated to buy it yourself. Bad idea honestly.
get a company that operates on crypto cloud mining and get a two-monthly contract with them. that's how i made $1m in one year. and i dived into real estate last year
There is always someone that is worst than you are, you could cry all night, or caught up to them. In the end you have resilience, persistence, confidence... there is a trade off for everything, I just about how you look at it.
Having wealthy parents is no guarantee of success. Most of the time they won't give you a dime because they want you to make it on your own and you still have to do the hard work just like anybody else starting out with nothing. You are using having wealthy parents as a roadblock to being successful.
While you're out there watching his videos making comments about his bracelets, he's making millions upon millions of dollars and you're helping him. I guess the bracelets are working.
@@paolo1616 agreed - there are points in life where time has to be sold for money to start off. Both are important commodities- however, there is no fiscal value on time.
Umm...no. He's full of shit. Start small. Probably the easiest way is to buy a duplex since banks treat them the same way as a single family provided tou live there. Live in half, rent the other half, keep working, live like you are in poverty, drive shit cars, and save enough to either pay cash or put a down payment on another duplex that will be your primary residence. I would finance no more than 2 and when you have the 2nd do everything you can to off the one you are living in. Then obtain a HELOC. Home equity line of credit. This will enable you to pay cash for that one-in-a-million deal that will inevitably show up.
Umm you have to be an agent for 3 years before getting your brokerage license and then start a brokerage which needs a physical location and does have overhead. I’m not saying that’s not a great job but it’s not a first step.
Here in Florida, you have to be an agent under a broker for two years before you can take test and license as a broker. Once you are a broker, then you can be a property manager. Property management can pay the bills while brokering makes the money.
Wait until u find out about car dealerships brokers, furniture store sellers, TV sellers, suppliers sellers on any area in your logic they're doing "nothing" 😂 but real busy people would fall apart without them, and most of buyers won't find a good deal but a mediocre one, that if they're lucky and not get scammed
@@Jayyy_Wavit's very true. If they knew anything about investing they wouldn't be selling anymore 😂😂😂 Selling real estate is nothing but sales Owning and investing is an actual business..
So in short, he is promoting a profession that helps professionals in a profession he doesn't recommend getting into. Anyone else see something wrong with this ?
So he’s saying don’t be an investor get another job. That’s like saying instead of investing in tech companies go be a software engineer. Two totally different things.
Guys notice he said do no go IMMIDIETLY into real estate investing and this is 100% true. Starting off as the middle man will allow to grow and learn. See what mistakes others make at no risk to you so when you DO go in you can have more confidence and knowledge and are more likely to be successful with it rather than jumping right into it swinging your cash around like an idiot on a property you THINK is good when you have no real experience.
This guy clearly doesn't know what he's talking about. To him, all real estate investing requires making repairs, apparently. There are several types of real estate investing.
Everyone’s situation is different. You can’t blanket statement that answer. If your goal is to make $1MM in RE, take a look at your situation, find someone who used to be in a similar situation (who is growing toward a similar goal) and follow them.
All those idiots telling you how to get rich. It's always the same, sucking out as much money from people as possible is the thing they always say in the end. Like a true narcissist
You’re a broker you’re not using leverage and you’re a slave to rich idiots. And the market is squeezing commissions by eliminating intermediation. That’s hardly going to get you rich
If you’re a resi-real estate agent just starting out most aren’t going to be brokering sales on million dollar homes…that market is highly saturated. If you’re going to be a broker…broker the financing, and preferably broker financing for commercial deals.
Agree I started investing before the pandemic and I learned everything from TH-cam and just going out there and doing it. Being very very meticulous with the numbers and as of today I own 22 doors and stopped my 9-5 job about a year ago 🙏🏽🙏🏽 definitely investing is were you can make the most money.
I've been involved with crypto since 2016 and I'm actually glad I did back then as it was a water flow moment for me financially, the smartest move l've ever made in my life
Hey man the real deal “which is what imma try to do” is learn so if I could ask u the small favor to mentor me at leats things to get started and learn a bit more yk?
It’s all a risk in real estate, you just have to know your tolerance level and be committed to the industry. And know your ‘why’ and stick to it! Real estate is a long term play..
Brokerage is what has fallen in the last few months. Much less money to be made now. Be careful what you hear. Get to KNOW the real estate market you go into BEFORE your pursuit.
@@demonkingofthe6thheaven wholesaling is when you just buy a property and connect a buyer at a higher price than you found it for. That's a scam. If you are talking about doing a fixer upper that's renovating houses which is okay
@@smallbeans101 scam means there’s fraud, a wholesaling itself is not a scam although I’m sure there’s some scammers within the industry. I also know flippers who seek out wholesalers to buy property because they tend to find better deals then what’s on market
Meh advice…. With $1M go buy a few single family or multi family homes in growing areas. You can either live off the cash flow or refinance them pulling out the cash to buy more RE w the cash you pulled out. Let those assets run for 10+ years and you are set for life. Small and mighty investor, it’s not going to give you yachts but it will give you financial freedom.
Only thing he’s wrong about is it requiring money. You have to pay for schooling, to take the test, and numerous fees after you get hired by a brokerage and making money is not guaranteed
What a LIE! Between License, NAR, MLS you're in easily $2,500. That's without accounting for Marketing, Lead Gen, Mentorship, Splits, Fees. Now, as opposed to investing, it's free. However, not only is it not free, it's actually really time consuming and hard.
I'm fascinated by the insightfulness of this content. A book with similar substance opened new perspectives for me. "A Life Unplugged: Reclaiming Reality in a Digital Age" by Theodore Blaze
The worst piece of advice. I’ve never heard a seasoned full time investor ever say, I wish I was just a an RE broker. Making money 24/7 365 days a year is where it’s at. While you sleep, vacation or doing whatever you like. Being a broker means buyers and sellers ( especially the high end) think they own you. You might and I do mean might get rich as a broker but you will not get WEALTHY. Own your time.
Full video where I ask luxury real estate agents how to make $1 million here: th-cam.com/video/B-cBSBTxOWY/w-d-xo.html 💸
Can't click the link
Yeah can't go anywhere buddy pointless typing the website thats halfass
Http://th-cam.com/video/B-cbsbtxowy/w-d-xo.html
Why do people try paste links in descriptions😭💀
Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
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.
Your advisor must be really good, I hope it's okay to inquire if you're still collaborating with the same advisor and how I can get in touch with them?
Rebecca Nassar Dunne 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
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.
The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
“Sonya Lee Mitchell” 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 copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
This is why i hate brokers just have direct deals between buyer and seller.
The big money is DEFINITELY made in real estate investing if you do it right, serhant just wants to promote and recruit agents onto his team… so of course this is gonna be his answer lol
Yes so right as an agent I don’t wanna be an agent all my life running around calling showing houses no I wanna be the one on the other side but you can’t unless you do the big boy transactions I applaud your comment Jason
Whats so bad with being an agent? You learn the fundamentals and make connections.
@@Avidire to buy the properties and get to the next level running around the city when your 50 60 dont make much sense to me
Lol facts I thought the same thing
You can do both. When you have an uncalled income & you're on the front line for real estate opportunities then you have a great combo to find great investments.
If someone ever says “risk free” it’s a scam
Brokerage isn’t a scam lmfao that’s entire side of the industry
Brokerage is essentially risk free if you are an ethical person, that can follow timelines, understand your paperwork, and get people into and out of property.
Not a scam.
Brokerage firms like cbre and Cushman and wakefield exists. Where I work, great place to grow a career in real estate.
it's literally risk free, you don't pay anything, you just need to be good at negotiating, that's what he means
He meant financial risk.
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
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.
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.
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
Aaaaaaaand that's why 90% of real estate agents are totally worthless.
It’s like doing the bare minimum will get you so much fatter ahead of everyone else, people just get comfortable and never continue to grow
He said broker, not agent
@@patsfan4lifeyou have to be an agent first before you can become a broker. I think for 3yrs. Can't remember off the top of my head.
Can’t wait for real estate agents to be a thing of the past. Nobody benefits from them. Just like car salesmen. Sales as a whole needs to and will be gone thanks to AI. Sales ppl provide little value and cost both the buyer and seller a lot of $.
Where you get your stats from? Provide some valuable sources! Your probably some bitter cheap person who doesn’t like salespeople.
As someone who's been a broker over a decade. Buy a 4 unit for your primary residence. That's the easiest way to become successful in real estate.
can u explain further? im trying to get into this
Horrible recommendation. Dirty secret in real estate duplexes, triplexes, and quads have huge turnover rates. Frankly most of the tenants in those hate those situations and are just waiting to move out ASAP. Stick to 3-4 Single Family Houses or single residences to rent out and stay away from what the guy above is talking about.
it use to be good when they were 250k now quads are 800k and not always that good of property...
Living under the same roof as your tenants! Now that sounds like a dream!
@JB-qt3wo
Well, you get to pick them.
To get started in real estate, it's better than living with your parents..
Trash advice its like saying don't be youtube be the guy making pennies on the platform hoping his video goes viral. Take that tax return you get every year from your 35 kid deduction and buy property. Then take out a helioc loan and buy another property, then rinse, and repeat. 401ks make you a slave to a company & tied to the craziest riskiest gamblers you ever met.
This is literally why we have mortgage crisis every 5-7 years, because of retards like you who think real estate is an infinite money glitch.
@@jbatts834 It's better advice than what this vampire is suggesting. And no we've never had a mortgage crisis every 5-7 years in the country period. Since when does putting up collateral against debt hurt the economy? Go back to school rookie. We have however seen banks and companies too big to fail be bail out countless times 😆.
He basically said ‘don’t build houses, sell houses for other people’ lol.
kind of , if you’ve been on tiktok you’ve seen how ppl put out signs saying @we buy houses “ they basically find someone interested in buying a home , then they report it to the owner or real estate investor , and they say hey i have someone who wants to purchase this house , you give me 10k out of what you make and i’ll send you the buyer , that’s not exactly how it goes but very similiar and i think that’s what he’s getting at , you basically get paid to be a middle man
well i am just confused on how to get started and how to get a capital to get started with.
@@ThomasMooney-mw2eg you find people with crap houses. Offer them money, then sell the contract for higher. If you can’t sell the contract you are obligated to buy it yourself. Bad idea honestly.
get a company that operates on crypto cloud mining and get a two-monthly contract with them. that's how i made $1m in one year. and i dived into real estate last year
well, the best step I took to get capital is by getting into crypto mining.
Sweet, those glue bills have been eating me alive
The first thing he had to say was glue
Eat the glue instead to show it who's boss
@@spydersquirrel I thought you had to sniff it?
Burst into laughter 😂
Tons of nuts and bolts too I’m sure 😂
Have mommy and daddy be rich is a great start which is 90% of these “entrepreneurs “
Relax bro. Get a job and build a business. You probably don’t have both
It's actually roughly 21%. Once you realize anyone can do it, you can do it. I did it.
There is always someone that is worst than you are, you could cry all night, or caught up to them. In the end you have resilience, persistence, confidence... there is a trade off for everything, I just about how you look at it.
Having wealthy parents is no guarantee of success. Most of the time they won't give you a dime because they want you to make it on your own and you still have to do the hard work just like anybody else starting out with nothing. You are using having wealthy parents as a roadblock to being successful.
with that said, youre still where you are. And most wealthy are self made.
I would recommend 3 more bracelets
😂😂😂😂 for real maybe 10 more just to be safe
Lmao
He ran out of glue, and nuts and bolts for his beads.
I thought same !!!!
While you're out there watching his videos making comments about his bracelets, he's making millions upon millions of dollars and you're helping him. I guess the bracelets are working.
Idk why anyone takes credible business advice from this guy as he basically just got successful because he faked his way into a show.
Based on his logic- money is a higher commodity than time. He would rather risk time than money. 🤔
That's what I was thinking as well.
Yeah but if you have no money to risk then your only asset is your time i guess
@@paolo1616 agreed - there are points in life where time has to be sold for money to start off. Both are important commodities- however, there is no fiscal value on time.
@@paolo1616 still not true. have you heard of leveraged debt? Lose 90% of someone else's money in Real-estate
@@higherwisdom8627 yes, I see your point!
Umm...no. He's full of shit. Start small. Probably the easiest way is to buy a duplex since banks treat them the same way as a single family provided tou live there. Live in half, rent the other half, keep working, live like you are in poverty, drive shit cars, and save enough to either pay cash or put a down payment on another duplex that will be your primary residence. I would finance no more than 2 and when you have the 2nd do everything you can to off the one you are living in. Then obtain a HELOC. Home equity line of credit. This will enable you to pay cash for that one-in-a-million deal that will inevitably show up.
Glue, nuts and bolts to build a house? Yea please stay away from the construction side of things😂
Umm you have to be an agent for 3 years before getting your brokerage license and then start a brokerage which needs a physical location and does have overhead. I’m not saying that’s not a great job but it’s not a first step.
Don’t worry this is just a brokerage ad
What do you think you should do?
I love you brosky thank you for telling me I did the research your right 💙🦾😮💨
Here in Florida, you have to be an agent under a broker for two years before you can take test and license as a broker. Once you are a broker, then you can be a property manager. Property management can pay the bills while brokering makes the money.
It's important to learn before one jumps into the big lake. The risks are high, so learning the trade is important
i dont think this is accurate. i can buy few houses and do property management myself without being a real estate agent.
As soon as he said glue, nuts and bolts for houses I was like ah what kinda houses has he seen.
Haha I was looking for this
He’s acting like he has to dumb it down because he’s so smart
My real estate agent pulled in an average americans yearly salary on commission to do absolutely nothing.
So why don’t you get the license and do it?
@@marcamaral7870 bc I'm not comfortable being a scam artist.
@@nickf8028 cool excuse for you're to lazy and not competent enough to deal with people on a daily basis.
Wait until u find out about car dealerships brokers, furniture store sellers, TV sellers, suppliers sellers on any area in your logic they're doing "nothing" 😂 but real busy people would fall apart without them, and most of buyers won't find a good deal but a mediocre one, that if they're lucky and not get scammed
@@nickf8028 scam artist 😂. If it’s such a scam why is it such a regulated and licensed industry, and why does it have such a high failure rate?
I know about 50 agents and they’re all broke
Real estate agents are not real estate investors.
@@jdcd001 what’s your point?
@Sensible Mind He's talking about real estate investors, not real estate agents.
@@jdcd001 right I’m an investor it’s better than being an agent. That was my point.
@@jdcd001 he was saying that brokerage is no risk and you make more money.
The problem is most brokers and realtors have no idea on how real estate investing works lmao
That’s simply not true.
@@Jayyy_Wavit's very true. If they knew anything about investing they wouldn't be selling anymore 😂😂😂
Selling real estate is nothing but sales
Owning and investing is an actual business..
We will help u make good investments. Thats our job. We have access to the mls and more services. It’s our job to help u make good investments
So in short, he is promoting a profession that helps professionals in a profession he doesn't recommend getting into.
Anyone else see something wrong with this ?
Such backwards advice. Go into real estate investing, but do it right from the start.
So he’s saying don’t be an investor get another job. That’s like saying instead of investing in tech companies go be a software engineer. Two totally different things.
Exactly.
Guys notice he said do no go IMMIDIETLY into real estate investing and this is 100% true. Starting off as the middle man will allow to grow and learn. See what mistakes others make at no risk to you so when you DO go in you can have more confidence and knowledge and are more likely to be successful with it rather than jumping right into it swinging your cash around like an idiot on a property you THINK is good when you have no real experience.
Thank you. Have a call tomorrow and on the fence... I want it... Not the glue or nuts but the knowledge. Be well... Godspeed
This guy clearly doesn't know what he's talking about.
To him, all real estate investing requires making repairs, apparently.
There are several types of real estate investing.
SUNS Realty Group
A leading real estate company in India
He’s not correct if you don’t have the full passion for RE. It just takes “time” to become wealthy through investing, won’t be quick
Haha TIME is MOST valuable! Being a useless pimp broker. Nice.
Everyone’s situation is different. You can’t blanket statement that answer. If your goal is to make $1MM in RE, take a look at your situation, find someone who used to be in a similar situation (who is growing toward a similar goal) and follow them.
How many tacky bracelets can one man wear? Also, making whoop look bad.
Give me 2 millon and I will make 100k/yr rusk free from certificates and bonds.
This is a scared person perspective.
Instead Put your time effort and money into owning real estate.
"The risk is your time but the reward can be endless." This can be applied to other endeavors as well.
All those idiots telling you how to get rich. It's always the same, sucking out as much money from people as possible is the thing they always say in the end. Like a true narcissist
I’ve never used glue while building a home and I make millions… I will say he’s wealthier than I am but he also won the genetic Olympics 😂
he's just sayin that to attract agents.. ofc the big money is in real estate and he knows it
Lol skip. No risk investing is Bernie madoff stuff
You’re a broker you’re not using leverage and you’re a slave to rich idiots. And the market is squeezing commissions by eliminating intermediation. That’s hardly going to get you rich
Real estate brokerage is slowly being disrupted. Who knows if it will eventually eliminate the need for agents…
@@mistertexaz I wouldn’t say slowly getting disrupted! The checks on big properties are especially ridiculous
That would be called “working a job”. It’s not the same thing as “investing money”.
Definitely, without proper knowledge and analysis there is a huge risk to lose money.
If you’re a resi-real estate agent just starting out most aren’t going to be brokering sales on million dollar homes…that market is highly saturated. If you’re going to be a broker…broker the financing, and preferably broker financing for commercial deals.
Sounds bullshit to me
So its just a typical middleman seller job.
A dude that wears white socks cannot be trusted.
So I buy 10 properties when percentage rates go down. Occupy them with reliable tenants and I will lose money? This guy is a genius...
Just another investor derailing newbie investors.... perpetual run around while they scoop up all the deals!!!!
This guy provides no value and collects a paycheck. That’s basically what he said
Agree I started investing before the pandemic and I learned everything from TH-cam and just going out there and doing it. Being very very meticulous with the numbers and as of today I own 22 doors and stopped my 9-5 job about a year ago 🙏🏽🙏🏽 definitely investing is were you can make the most money.
what was your first step?
hi bruv, what was the first book where you started, or did you make a vid list?, thanks in advance, wish you the best in your endeavours!
I've been involved with crypto since 2016 and
I'm actually glad I did back then as it was a
water flow moment for me financially, the
smartest move l've ever made in my life
But people don't believe it's true anyone
can make money from home online
because of the high rates of scams in
the business.
Hey man the real deal “which is what imma try to do” is learn so if I could ask u the small favor to mentor me at leats things to get started and learn a bit more yk?
Since when did brokers make more than investors. Well, at least you don’t have to buy the glue
Idk id rather lose money than time. I can get money back, I can’t get time back. The mistakes I make in investing I’ll turn from for the next deal
Most agents add no value to the transaction
Be a broker but for the investor not the seller. Find deals for the investor and they will pay you a finders fee
Except finding acceptable properties or buyers for you and executing the negotiations and paperwork?
He didn’t say real estate bad he just said he wouldn’t recommend jumping straight into it too bad that’s what I plan to do 😂
So basically...start a business?
No risk no gain, just do research and you’ll increase ur chances
Know what your doing..Don't get burned💯
If your real estate broker asks what your nuts bolts and glue budget is, get a new broker.
Most real estate agents have no idea how investing works.
Sure, but brokers are pondscum
He is leaving a lot out in this
It’s all a risk in real estate, you just have to know your tolerance level and be committed to the industry. And know your ‘why’ and stick to it! Real estate is a long term play..
Imagine saying that but you live based off of that. 😂😂😂🙃🙃
I never worked as an agent but have made a million investing
That us called a job😂
Man said glue and nuts and bolts like that's how you build a house lmao
I mean they’re all in building a house but yea wood would have been like 1000x better example 😂
Houses in Ohio
Its how u build a dodge
Every single one of those is used in building a house....
no shit and did you see the rake boards or whatever they were supposed to be on that little building video. that's hilarious
If your time is worthless than indeed, it's risk-free.
Brokerage is what has fallen in the last few months. Much less money to be made now. Be careful what you hear. Get to KNOW the real estate market you go into BEFORE your pursuit.
Just an agent. .
No effort
Wholesaling : do I not exist
That's a scam and not a trust worthy income
@@smallbeans101 can you explain how it's a scam and all forms of investing are unpredictable and volitale
@@demonkingofthe6thheaven wholesaling is when you just buy a property and connect a buyer at a higher price than you found it for. That's a scam. If you are talking about doing a fixer upper that's renovating houses which is okay
@@smallbeans101 I know what wholesaling Is but how is that a scam ? Is the concept of a middle man a scam to you?
@@smallbeans101 scam means there’s fraud, a wholesaling itself is not a scam although I’m sure there’s some scammers within the industry. I also know flippers who seek out wholesalers to buy property because they tend to find better deals then what’s on market
So…. A job
The overhead of a brokerage is substantial!
Meh advice…. With $1M go buy a few single family or multi family homes in growing areas. You can either live off the cash flow or refinance them pulling out the cash to buy more RE w the cash you pulled out. Let those assets run for 10+ years and you are set for life. Small and mighty investor, it’s not going to give you yachts but it will give you financial freedom.
Bad advice!
Construction workers doing Shoddy work .
Only thing he’s wrong about is it requiring money. You have to pay for schooling, to take the test, and numerous fees after you get hired by a brokerage and making money is not guaranteed
It's free real estate
Hahaha. "I'm a middle man and get paid a boat load of money."
"THE GLUE" LOL
worse advice ever
But don’t forget there’s only one Ryan serhant, most real estate agent only makes 40k-60k per yr
Glue nuts and bolts? What kind of houses are you selling
Says nothing
Nuts and bolts… hahahah. Never held a hammer.
I don't agree
What a LIE! Between License, NAR, MLS you're in easily $2,500. That's without accounting for Marketing, Lead Gen, Mentorship, Splits, Fees. Now, as opposed to investing, it's free. However, not only is it not free, it's actually really time consuming and hard.
If investors don’t do anything the agents can’t make any money. So as an agent you’re always dependent on someone else.
Average real estate agent makes less than 40k a year then they quit
Did he say glue, what house is made with glue?
Wholesaling to get your foot into the door the scale
Don't forget a TV SHOW ... REALESTATE AGENTS EVERYWHERE...... Just a few on TV..
I'm fascinated by the insightfulness of this content. A book with similar substance opened new perspectives for me. "A Life Unplugged: Reclaiming Reality in a Digital Age" by Theodore Blaze
loved your content! do you have a business email or should I shoot you a DM?
Aka real estate agents are middle men. Take a high % for work that should be directed with the seller. Percentage is way to high.
The worst piece of advice. I’ve never heard a seasoned full time investor ever say, I wish I was just a an RE broker.
Making money 24/7 365 days a year is where it’s at. While you sleep, vacation or doing whatever you like.
Being a broker means buyers and sellers ( especially the high end) think they own you.
You might and I do mean might get rich as a broker but you will not get WEALTHY. Own your time.
Misleading
What a contradiction 🤣🤣🤣... real estate investmenting