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.
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..
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.
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.
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..
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.
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 $.
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
@@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.
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.
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.
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.
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.
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.
@@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..
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..
One of the key things ive learned studying wealth building, you cant get time back but you can always make mmoney back. Easy to do? No mot by a long shot but possible umlike regaining you lost time which is impossible.
Accumulating $1 million takes a lot of skill. I would always recommend getting into RE and shares in this case as you are not likely to f up. The problem with time is that you cannot get it back. LOSING TIME IS WAY WORSE THAN LOSING MONEY.
You’re an idiot. If you have no skills to acquire money then you must sacrifice time in order to have enough volume of activity to get an expert level of skills to be able to make money. If you’re getting paid minimum wage, your time is worth basically nothing because you have no skills.
You're no "losing time" you're networking, knowing the market, knowing people you never "lose your time" unless you're trying to hit a "btc deal" or trying to hit a bet, not doing real estate transactions as a real estate broker, btw you can't buy real estate without any money at the beginning, that's what he means, you can get money just with your time rather than with money and time in any other business, u sell an average price home and u get your $15k, 20k check, just with a single transaction, if you sell a high end one u get a yearly wage in a day, Ryan sold a penthouse not so long ago and he got between $1.5million and 3.15 million, just a single transaction without any risk of his capital, brokerage are amazing
@israelmorales8048 Yeah, amazingly parasitic. They add no real value. I just hire a lawyer to check the deal and draw up the contract. I'll never pay a commission to a useless agent or broker (and yes they are completely useless, lol)
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
I’m studying for real estate now. I’m raining on someone’s parade, but there’s also some risk i think. If you get in trouble with some things, there are fines, but I also think if your broker can help you steer away from those, then you should be fine
Yeah I definitely invested to early. Made a littler over $100k my first year in real estate, second year me and my “friend” got together and were like we need properties now!!! And here I am in year 3 just watching the rest of my money dwindled away each month. If I’m lucky I have until the end of July to survive
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.
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.
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 😆.
For a really successful and smart guy he just said one of the dumbest things “brokerage is no risk, it’s just your time”- wtf…my time is my most valuable asset. I would think it’s everyone’s.
Just listen “ risking your time”. Time unfortunately is the only thing you can never buy, get back, or get more of. Do what makes you happy, everything else will fall inline.
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.
Real estate can be quite a rollercoaster, the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate my entire $700k liquidity value to my stock portfolio or just stay 100% cash?
investors are extra cautious right now. They want to make sure they're getting a good deal given how much mortgage payments have gone up, and when they don't feel like they're getting a good deal, they're backing out, so definitely looking elsewhere is a necessity
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 ?
Don't Brokers have more "overhead" usually they have to pay for office space, and they have to supervise every single transaction. the Buck typically stops with them as far as any lawsuits etc...Not entirely "Risk free"
Brokers are really just the middle man. It’s like paying a 3rd party person to handle business for you when you can just stop being lazy, set aside the time, and handle it yourself for free!
So many people have no idea that this even exists. When you hear someone say they make money in real estate investing they are basically day traders. Its just another instrument that can be traded in the market. There are many avenues to grow your wealth in the markets.
@@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
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😭💀
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.
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..
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.
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..
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
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.
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 😂
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.
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.
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!
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!
"The risk is your time but the reward can be endless." This can be applied to other endeavors as well.
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.
Know what your doing..Don't get burned💯
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
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
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
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.
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.
Aka Middle Man of the deal…
Find the home seller
Find a potential home buyer
Set up the deal = walk away with cash!
Isn’t that a wholesaler?
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 😂
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 I buy 10 properties when percentage rates go down. Occupy them with reliable tenants and I will lose money? This guy is a genius...
Time is the most valuable thing we have
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..
No risk no gain, just do research and you’ll increase ur chances
The beauty of sales in general
"THE GLUE" LOL
One of the key things ive learned studying wealth building, you cant get time back but you can always make mmoney back.
Easy to do? No mot by a long shot but possible umlike regaining you lost time which is impossible.
This is why i hate brokers just have direct deals between buyer and seller.
Blow my mind. Im a broker and this thougths make a lot of sense and renew my energy. Tks a lot man
Accumulating $1 million takes a lot of skill. I would always recommend getting into RE and shares in this case as you are not likely to f up. The problem with time is that you cannot get it back. LOSING TIME IS WAY WORSE THAN LOSING MONEY.
You’re an idiot. If you have no skills to acquire money then you must sacrifice time in order to have enough volume of activity to get an expert level of skills to be able to make money. If you’re getting paid minimum wage, your time is worth basically nothing because you have no skills.
You're no "losing time" you're networking, knowing the market, knowing people you never "lose your time" unless you're trying to hit a "btc deal" or trying to hit a bet, not doing real estate transactions as a real estate broker, btw you can't buy real estate without any money at the beginning, that's what he means, you can get money just with your time rather than with money and time in any other business, u sell an average price home and u get your $15k, 20k check, just with a single transaction, if you sell a high end one u get a yearly wage in a day, Ryan sold a penthouse not so long ago and he got between $1.5million and 3.15 million, just a single transaction without any risk of his capital, brokerage are amazing
⛔️⛔️business credit, u jackoffs that are replying negatively to franz.
@israelmorales8048 Yeah, amazingly parasitic. They add no real value. I just hire a lawyer to check the deal and draw up the contract. I'll never pay a commission to a useless agent or broker (and yes they are completely useless, lol)
@@israelmorales8048is brokers wholesaling?
nothing can be more motivating than this
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?
Bigger and better money in investing
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?
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
My new gig is purchasing domain names and my long term goal is to build out each business to scale and eventually sell.
Most real estate agents have no idea how investing works.
I’m studying for real estate now. I’m raining on someone’s parade, but there’s also some risk i think. If you get in trouble with some things, there are fines, but I also think if your broker can help you steer away from those, then you should be fine
I never worked as an agent but have made a million investing
Yeah I definitely invested to early. Made a littler over $100k my first year in real estate, second year me and my “friend” got together and were like we need properties now!!! And here I am in year 3 just watching the rest of my money dwindled away each month. If I’m lucky I have until the end of July to survive
What happened??
How?
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 😂
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 💙🦾😮💨
The overhead of a brokerage is substantial!
All those bolts holding houses together 😂
what was your first step?
yo that 2 x 6 😂 like who the hell cut that thing, poor craftsmanship
Glue, nuts and bolts to build a house? Yea please stay away from the construction side of things😂
If your time is worthless than indeed, it's risk-free.
Great advice!!!! Real practical, it’s about the relationships. The money will come
The world of real estate investing is indeed filled with opportunities!
The issue lies in the fact that many brokers and realtors lack a proper understanding of the mechanics behind real estate investing.
The power of the bracelets.
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.
If investors don’t do anything the agents can’t make any money. So as an agent you’re always dependent on someone else.
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 😆.
Here we are at record low transactions volume, which is the only way agents make money. 💀
“You don’t have to buy the glue, the NUTZ, or the bolts.”
Guys clearly never built a house in his life
@@chasechristie2024Never even stepped foot on a goddam site before.
Houses use glue, nuts and bolts tho
Not alot of it but they do
For a really successful and smart guy he just said one of the dumbest things “brokerage is no risk, it’s just your time”- wtf…my time is my most valuable asset. I would think it’s everyone’s.
Just listen “ risking your time”. Time unfortunately is the only thing you can never buy, get back, or get more of. Do what makes you happy, everything else will fall inline.
But don’t forget there’s only one Ryan serhant, most real estate agent only makes 40k-60k per yr
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.
Real estate can be quite a rollercoaster, the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate my entire $700k liquidity value to my stock portfolio or just stay 100% cash?
Homie looks like if Colgate toothpaste was a person 😂😂
Too late! Investor first then agent in Tucson AZ. Tied up in repairs on my primary with a garage conversion to a granny flat.
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
Of course a real estate agent is going to say the best way to make money in real estate is becoming a real estate agent lol
That suit is crazy good looking
investors are extra cautious right now. They want to make sure they're getting a good deal given how much mortgage payments have gone up, and when they don't feel like they're getting a good deal, they're backing out, so definitely looking elsewhere is a necessity
Alright, Time is equal to profitability,and income
True words. ❤
The risk is your time but the reward can be endless
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 ?
Beautiful information
Indeed!
He said glue, nuts , and bolts aha
So is wholesaling which is much much easier. Aside from many various other real estate roles.
Don't Brokers have more "overhead" usually they have to pay for office space, and they have to supervise every single transaction. the Buck typically stops with them as far as any lawsuits etc...Not entirely "Risk free"
Glue nuts and bolts? What kind of houses are you selling
I thought he would be worth more than $30 million but pretty good for a salesperson.
The first material i think of when building a house is not glue, its not even the 50th
*Wholesalers have entered the chat*
What’s the diff?
The glue, nuts, & bolts that go into the house. Got it
That would be called “working a job”. It’s not the same thing as “investing money”.
Brokers are really just the middle man. It’s like paying a 3rd party person to handle business for you when you can just stop being lazy, set aside the time, and handle it yourself for free!
- or the wood or the doorknobs or the stairs or the gravel.
Wholesaling to get your foot into the door the scale
So many people have no idea that this even exists. When you hear someone say they make money in real estate investing they are basically day traders. Its just another instrument that can be traded in the market. There are many avenues to grow your wealth in the markets.
In the end it was the glue that killed me
Fuck that. NO DEPRECIATION
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
Glue, nuts, and bolts...what the hell kind of homes this dude selling
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.
Average real estate agent makes less than 40k a year then they quit
Thats what Im trying to do, 21 years old now and about to get my license
Ask a hammer how to solve any problem and the hammer will always say by using a hammer.😅
SUNS Realty Group
A leading real estate company in India
True but scarcity is not how you build wealth. You have to take risks whether you lose or win.