I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, 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?
True, the US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but as you mentioned there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.
@@lipglosskitten2610 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?
@@kenanporubsky2122 Big Credits to Christine Jane Mclean she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine has been a good guide through the year.
Does BiggerPockets site datamine the Rent Estimators addresses that are entered to find leads passively for you and your company? My apologies for the pointed question; I'm a Systems Administrator and security questions like that just come to mind for me naturally. Also, from a personal protection point of view, I'd not want to give up the address of a property that I may find to be a deal. Especially if I'm looking to get into the game with my first property.
Hi David. Today I woke up late and was walking for exercise listening to you, I was just being thankful. I liked the valuable knowledges you were giving out and learned great lessons. I'd like to summarize. 1. Find a Niche for types of real estates before buying 2. Work harder when it's downturn of the market. 3. Don't wait for things to change, be the change first. (51:58)
Love the video and I am jealous that you are studying jujitsu. That's something I always wanted to do. When you're a truck driver you are basically a prisoner of the highway. I'm hoping that real estate will free me from that prison soon. I always wanted to study jujitsu. Yes I am told that progress can seem like it's very slow and in Jiu-Jitsu I believe it takes on the average of 10 years to get your black belt. Keep showing up. I've heard that before too. I actually have to apply that philosophy to my goals with real estate. I just have to keep showing up and keep moving forward. I get a voice going off in my head all the time telling me that I'm too old to do this. Everybody else is thinking about retiring at my age but I don't have any choice in the matter because I made too many young man mistakes. At age 64 I think I have a good shot at doing this and being successful at it. Thank you for all that you do!
🤯I wish I saw this live, because of how amazing this session was! I know you BP guys are constantly with us, teaching us great lessons all the time, but this session just CLICKED for me. I was literally writing my 2023 Action Plan earlier today and investing in my first piece of cash flowing real estate is my BIG GOAL, while investing in classes and coaching (like I did for myself in college) is how I'm going to get there. I did a rough schedule too, which also included getting my fanny in the gym and starting a new side hustle. Wild to come home to this timely video---will be rewatching this many times. 2023 is the year I make my biggest dreams come true! Let's make it happen guys!!!💃
This title isn't geared to people buying their first rental, more like a motivational speech to people who can already do it but don't feel like it anymore.
I’ve watched you on and off for around 2 years. I started a business and was really focused on that. I ended up closing it out in the beginning of December. This will be my next venture and this was exactly what I needed to make the next push. This video was exceptional and I ended up becoming a pro-member. You eliminated so many grey areas for me and you made everything made so much sense. You really made it look so simple. I took a lot of notes and will be asking you a few questions on it and will also be watching everything you have to offer. Thank you for this.
I started learning about investing mid 2022, but I realized it’s a better investment for me right now to learn skills that will make me more money and allow me to do what I love. So I bought a film course and filmmaking equipment. Maybe 2024 will be my year to start investing. In the mean time, I’ll be filming real estate videos and building my network.
great content. 1. Have a return on investment goal in mind. 2. find an agent in the local market that will search and work the numbers for you and email them to you. 3. Most of the time if an agent has done a deal with you before and knows how you work you will get the deals first. Spend time finding a quality agent and create loyalty and it will pay off!
I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.
The markets are been propped up by the FED printing money with NO limit. Every time the Market blips down the FED dumps cash into the dip. Tbh I'm in need of a good investment plan currently, I have a lump sum of $100k+ in a savings account yielding next to nothing
@@ReidCoffman1 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with "Autumn Lynzi Smith" and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@MariusNatt i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions and downtrands are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Autumn?
@@AshtonGrace >>You can look her up as she has an official web~page for consultations. According to Warren Buffet "I don’t think most people are in a position to pick single-stocks. A few are, maybe, but on balance, I think people are much better off buying a cross-section of America and just forgetting about it" In Other words, you need expert hands to be able to outperform the index.
Thanks for all information I already bought my first house on 2019 after I listened to i wanna buy rental property in my aria Nashville Tn but I don’t know how there is any information how to started thank you
I just put in an offer this evening for my first rental and went through the tools just now and I cant thank you enough. It made sense in my head (I worked as an estimator in the Oil & Gas industry and have an engineering degree) but NOW I can actually breathe lol! Thank you so much for sharing your expertise as I am a total noob to this. This purchase is for my 7 yr old daughter. We owe very little on our first home (My wife's) and the 3rd will be my mega mansion lololol jk jk slow & steady wins the race... I think. I love learning and I whole heartedly wish you the best and thank you so much for sharing your knowledge.
Your very encouraging, 30years ago i bought my first property, I was in great shape physicaly And mentally, I ended up having 58 total units (58 renters) i was diagnoised With cancer 5 years into it, so I sold them all now after 2 more battles with cancer and 34 years older, Iam nervous About starting over i did a lot of wonderful things with the proceeds from the sale of my properties. But just wanted you to know how much i enjoyed listening to you youve Helped to rekindle the fire Thats been smoldering in me. Thanks a lot, Scotty Swore Cedar rapids, Ia.
In the beginning i missed credit score? Qualifying for a loan? Before the type of house and location, shouldnt qualifications come first? 1. Your Why 2. Credit score...then the other steps.
The problem is realtors are hurting due to the shortage of home sales…..: with that said, most realtors will never tell you it’s a bad deal. They will tell you it’s a smoking deal just to close the sale
Hi I’m 58 and would like to invest in an Airbnb or fourplex in Florida but I’m trying to decide what the best route would be. I’m not sure if I should start with the Airbnb then next year for the fourplex? I watch TH-cam and there’s so many different opinions and they make it sound so easy. I would like some advice please Thank you
At 7:10 he says "this is a four-plex turned into a five-plex which makes $1583 a month".... My question is, is he saying 5 families or 5 different individuals live in that house?
@@KiraBKADestroyerOfWorlds That's what I thought it meant... Is it just me or is it weird that five different people are renting that one little house? I could understand maybe college students doing it instead of a dorm,? Or am I just unaware that five different people or families who live in that one house.
Thank you David! Learning so much from you and your books and BP to make my first Deal and do it long Distance in a cheaper market! YES I want a legacy for my 3 kids and more time with them! ❤
Thanks. 1) Do u know any similar rental property calculators for Indian makets? 2) In India we have interest rate of 8.5% compared to 4% in USA. Then how do we go ahead with the planning?
I just acquired my very first duplex rental. What’s the fastest way to get a qualified renter?? Should I open a Separate bank account for this property? I’m 100% new to all this.
I’ve came across bigger pockets a little over two months ago now and I’ve been listening to ever episode on Spotify from the first working my way to the current one. So much great information in them. Thank you all for what y’all doing.
The reason I want to get rich in real estate is 1. to have financial freedom of course and the other is I always wanted to be able to take lots of money and be able to feed lots of people. I want to be able to help people that have gotten themselves into such a deep rut in their lives that they need help getting out. The thing I'm wondering about though is you keep on talking about the long term investment. Aren't we supposed to be crunching the numbers so that it's all about cash flow at the end of every month? Why would we have to wait long term in order to see the cash flow?
👋 Great question @Dave's Hangar. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Years ago when i was investing, We called the money we collected from renters, shelter income thats the money we used to buy groceries pay for the car, buy clothing, all the every day needs came from the Cash the properties netted for us each month. The property Values, equity money, was growing and would one day allow me a nice retirement Spot in Florida.
It's actually 4 phase you forgot the redemption phase after the auctal auction when the owner has time to actually come up with the entire amount own, court cost,and bid amount. No one talks about this phase because the owner cost. In florida it 15 days that's why you don't get your certificate of title to the property. Other states is different.
Hey David! I’m about to start a job in IT making about $47,000 per year and I plan on using an FHA loan to purchase my first property. It will most likely be a fourplex but I’m curious, after 1 year has gone by and I’m allowed to move, how can I use my first property to leverage my way into a second property? Thanks in advanced!
After one year your can qualify for another owner occupied property. That being said - in this situation you intend to move out of the fourplex and rent out the unit you were previously occupying. Which adds income from FOUR units to your qualification - making it easier to buy the second. And then the third is even easier because you'll be able to count the income from ALL of your rented units. Great strategy!!
I get using these tools but wouldn't we be putting leads into bigger pockets software?? Giving those investors who have a better advantage to get the property first? I'm sure you guys analyze the input data.
Love the info on these and ideas... However I wonder sometimes with how many people move.. Having "Renters" for vacancy, Repairs, damage, bad PR can put these things at a bad projections too.
Great information I’ve been making notes and watching tons of videos out there, One question the I get approved for loan first with bank/lender or make an offer and then ask the bank for the amount that was agreed with seller . 😊👍🏼 Thnks!!
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it
I really enjoy your informational videos. Question, are 100% disabled veteran exempt from property tax on rental properties? I live out of state but I want to invest in real estate in Texas.
David: Great video and if this is not motivated to people then I do not know what would motivate them. Funny thing when I watched you for first couple of times I don't know why but I didn't like your podcast but I kept watching...fast forward now I can't imagine watching with you not on there. Also, thank you for your service when you were a Police officer.
I live in NY where to average single family home where I am located start at 950 thousand dollars. With a 6 percent interest rate at the moment, I have no idea how your video helps.
I am in the Bay Area, and I am going to contact you about selling my house and buy another one in Georgia when I am moving , and I will be contacting you as an agent.
One question: How do they "find" these deals? How do they compete with and/or and outbid starving piranhas? Please do a video on 'finding' these deals. I know a guy who pays people in the right places to feed him info.
Bootcamp prices are discounted with a pro membership! Enrollment is also in early-bird pricing until Jan 1, learn more here: www.biggerpockets.com/blog/real-estate-investing-bootcamps
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, 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?
True, the US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but as you mentioned there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.
@@lipglosskitten2610 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?
@@kenanporubsky2122 Big Credits to Christine Jane Mclean she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine has been a good guide through the year.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Tax sales certification
Does BiggerPockets site datamine the Rent Estimators addresses that are entered to find leads passively for you and your company? My apologies for the pointed question; I'm a Systems Administrator and security questions like that just come to mind for me naturally. Also, from a personal protection point of view, I'd not want to give up the address of a property that I may find to be a deal. Especially if I'm looking to get into the game with my first property.
Hi David. Today I woke up late and was walking for exercise listening to you, I was just being thankful. I liked the valuable knowledges you were giving out and learned great lessons. I'd like to summarize.
1. Find a Niche for types of real estates before buying
2. Work harder when it's downturn of the market.
3. Don't wait for things to change, be the change first. (51:58)
Love the video and I am jealous that you are studying jujitsu. That's something I always wanted to do. When you're a truck driver you are basically a prisoner of the highway. I'm hoping that real estate will free me from that prison soon. I always wanted to study jujitsu. Yes I am told that progress can seem like it's very slow and in Jiu-Jitsu I believe it takes on the average of 10 years to get your black belt. Keep showing up. I've heard that before too. I actually have to apply that philosophy to my goals with real estate. I just have to keep showing up and keep moving forward. I get a voice going off in my head all the time telling me that I'm too old to do this. Everybody else is thinking about retiring at my age but I don't have any choice in the matter because I made too many young man mistakes. At age 64 I think I have a good shot at doing this and being successful at it. Thank you for all that you do!
I love how the podcast feels like a class
I'm pretty sure it is. I think this was one of the pro videos, pretty sure I have seen this before.
That's why I'm here! Thanks David, Brandon!
So much great free knowledge!
🤯I wish I saw this live, because of how amazing this session was! I know you BP guys are constantly with us, teaching us great lessons all the time, but this session just CLICKED for me.
I was literally writing my 2023 Action Plan earlier today and investing in my first piece of cash flowing real estate is my BIG GOAL, while investing in classes and coaching (like I did for myself in college) is how I'm going to get there. I did a rough schedule too, which also included getting my fanny in the gym and starting a new side hustle. Wild to come home to this timely video---will be rewatching this many times.
2023 is the year I make my biggest dreams come true! Let's make it happen guys!!!💃
🔥 I’m with you on this @S DW! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
This title isn't geared to people buying their first rental, more like a motivational speech to people who can already do it but don't feel like it anymore.
I’ve watched you on and off for around 2 years. I started a business and was really focused on that. I ended up closing it out in the beginning of December.
This will be my next venture and this was exactly what I needed to make the next push.
This video was exceptional and I ended up becoming a pro-member. You eliminated so many grey areas for me and you made everything made so much sense. You really made it look so simple.
I took a lot of notes and will be asking you a few questions on it and will also be watching everything you have to offer.
Thank you for this.
I started learning about investing mid 2022, but I realized it’s a better investment for me right now to learn skills that will make me more money and allow me to do what I love. So I bought a film course and filmmaking equipment. Maybe 2024 will be my year to start investing. In the mean time, I’ll be filming real estate videos and building my network.
great content. 1. Have a return on investment goal in mind. 2. find an agent in the local market that will search and work the numbers for you and email them to you. 3. Most of the time if an agent has done a deal with you before and knows how you work you will get the deals first.
Spend time finding a quality agent and create loyalty and it will pay off!
I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.
The markets are been propped up by the FED printing money with NO limit. Every time the Market blips down the FED dumps cash into the dip. Tbh I'm in need of a good investment plan currently, I have a lump sum of $100k+ in a savings account yielding next to nothing
@@ReidCoffman1 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with "Autumn Lynzi Smith" and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@MariusNatt i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions and downtrands are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Autumn?
@@AshtonGrace >>You can look her up as she has an official web~page for consultations. According to Warren Buffet "I don’t think most people are in a position to pick single-stocks. A few are, maybe, but on balance, I think people are much better off buying a cross-section of America and just forgetting about it" In Other words, you need expert hands to be able to outperform the index.
@@MariusNatt
Looked up her name and her website popped up immediately, interesting stuff so far, about to book a session with her. thanks
Thanks for all information I already bought my first house on 2019 after I listened to i wanna buy rental property in my aria Nashville Tn but I don’t know how there is any information how to started thank you
This was so helpful! Thank you so much. Do you have a bootcamp training?
What does biggerpockets use to find the properties? Zillow? Realtor or mls?
I just put in an offer this evening for my first rental and went through the tools just now and I cant thank you enough. It made sense in my head (I worked as an estimator in the Oil & Gas industry and have an engineering degree) but NOW I can actually breathe lol! Thank you so much for sharing your expertise as I am a total noob to this. This purchase is for my 7 yr old daughter. We owe very little on our first home (My wife's) and the 3rd will be my mega mansion lololol jk jk slow & steady wins the race... I think. I love learning and I whole heartedly wish you the best and thank you so much for sharing your knowledge.
Your very encouraging, 30years ago i bought my first property,
I was in great shape physicaly
And mentally, I ended up having 58 total units
(58 renters) i was diagnoised
With cancer 5 years into it, so
I sold them all now after 2 more battles with cancer and
34 years older, Iam nervous
About starting over i did a lot of wonderful things with the proceeds from the sale of my properties. But just wanted you to know how much i enjoyed listening to you youve
Helped to rekindle the fire
Thats been smoldering in me.
Thanks a lot,
Scotty Swore
Cedar rapids, Ia.
In the beginning i missed credit score? Qualifying for a loan? Before the type of house and location, shouldnt qualifications come first? 1. Your Why 2. Credit score...then the other steps.
It's like 10 minutes of content, 60 of motivation
The problem is realtors are hurting due to the shortage of home sales…..: with that said, most realtors will never tell you it’s a bad deal. They will tell you it’s a smoking deal just to close the sale
I agree that's why you have to do your own home work. but with that said why even use a realtor.
@@jayknight139 don’t they have more info on real estate for sale?
There are a lot of bad realtors out there - but also some good ones. Find one that aligns with your goals and vision :)
@@SigFigNewton A realtor doesn't cost the buyer anything - huge loss if you don't use one.
This is golden mentorship from David for this of us who will just listen! 90s going to invest in my first deal!
I just started BJJ and I would say these analogies and thought processes are wonderful!
dude! your videos are soo good, thank you for sharing, much love
Glad you like them!
Hi I’m 58 and would like to invest in an Airbnb or fourplex in Florida but I’m trying to decide what the best route would be. I’m not sure if I should start with the Airbnb then next year for the fourplex? I watch TH-cam and there’s so many different opinions and they make it sound so easy.
I would like some advice please
Thank you
Love you stuff. Is there any calculators for Canada otherwise I don’t think I’ll receive the full benefit of this program?
So timely. This is one of my 2023 goals. To become an “active” RE investor. 2022 was my year of “passive” RE investing. 💪🏻 Thank you so much.
Hey Floriane 👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
When starting to buying do you buy under your name and then use an LLC to purchase multiple units?
Such a great topic, 2023 is going to be a game changer for MANY people!
Interest rates are around 6.3% and HOA was not entered during estimation
Proud of you David, for not quitting Jiu Jitsu!!
This channel is a huge blessing bro. Appreciate you all!
David could you do a special on just your systems? Awsome awsome awsome! Maybe write a book? Loved the systems part of this podcast!
4% interest rate. How old is this video?!?!?!🤣🤣🤣 I see its a rerun from Feb 17th
At 7:10 he says "this is a four-plex turned into a five-plex which makes $1583 a month"....
My question is, is he saying 5 families or 5 different individuals live in that house?
@@Paragon_Reason 5-plex means five separate units.
@@KiraBKADestroyerOfWorlds That's what I thought it meant... Is it just me or is it weird that five different people are renting that one little house? I could understand maybe college students doing it instead of a dorm,? Or am I just unaware that five different people or families who live in that one house.
I’m pretty sure I heard this same webinar early last year. I thought this would have some updated strategies for the current market 😕.
I was like why does it say 2 days ago when I've watched this same video over and over again.
bought house in 2021 ....is there a way to borrow the down payment from a bank to pay for a purchase of rental property
Ever since Storm Leroy(?) Mentioned Bigger Pockets. I've been hooked.
Great video! I too wish I saw this live. Thank you for all the amazing content.
🔥 I’m with you on this Brett! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
❤ yes! Total beginner here. Thank you so much for sharing!❤
Thank you David! Learning so much from you and your books and BP to make my first Deal and do it long Distance in a cheaper market! YES I want a legacy for my 3 kids and more time with them! ❤
Thanks.
1) Do u know any similar rental property calculators for Indian makets?
2) In India we have interest rate of 8.5% compared to 4% in USA. Then how do we go ahead with the planning?
The interest rate can be adjusted.
I just acquired my very first duplex rental. What’s the fastest way to get a qualified renter?? Should I open a Separate bank account for this property? I’m 100% new to all this.
yes
You should put it under a business LLC
Buying the book was the best choice I’ve made in years. I’m excited to get started later this year after I pay cash for my first property
I’ve came across bigger pockets a little over two months ago now and I’ve been listening to ever episode on Spotify from the first working my way to the current one. So much great information in them. Thank you all for what y’all doing.
Thanks David Greene!💚💵
Thank you David for providing such great information and the motivation you provide.
🔥 I’m with you on this Carlos! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
The reason I want to get rich in real estate is 1. to have financial freedom of course and the other is I always wanted to be able to take lots of money and be able to feed lots of people. I want to be able to help people that have gotten themselves into such a deep rut in their lives that they need help getting out.
The thing I'm wondering about though is you keep on talking about the long term investment. Aren't we supposed to be crunching the numbers so that it's all about cash flow at the end of every month? Why would we have to wait long term in order to see the cash flow?
👋 Great question @Dave's Hangar. I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Years ago when i was investing,
We called the money we collected from renters, shelter income thats the money we used to buy groceries pay for the car, buy clothing, all the every day needs came from the
Cash the properties netted for us each month. The property
Values, equity money, was growing and would one day allow me a nice retirement
Spot in Florida.
Enjoyed this. Thank you!
It's actually 4 phase you forgot the redemption phase after the auctal auction when the owner has time to actually come up with the entire amount own, court cost,and bid amount. No one talks about this phase because the owner cost. In florida it 15 days that's why you don't get your certificate of title to the property. Other states is different.
Should I buy house to live 1st or investment property 1st? I have 3 kids! Any advice?
Should I pay off my dept first before buying a property
Thank you for your videos
Thanks for video Mr green
Would this software work for Canadian properties?
Does premium include all the discounts and benefits of pro?
So, is it better to build a multifamily unit or residential home?
Where can I find the sources, books etc that explain the niches & strategies David mentions?
Hey how can i go about finding Buyers for a 59 units apartment building in the New York City Area
Hey David!
I’m about to start a job in IT making about $47,000 per year and I plan on using an FHA loan to purchase my first property. It will most likely be a fourplex but I’m curious, after 1 year has gone by and I’m allowed to move, how can I use my first property to leverage my way into a second property?
Thanks in advanced!
After one year your can qualify for another owner occupied property. That being said - in this situation you intend to move out of the fourplex and rent out the unit you were previously occupying. Which adds income from FOUR units to your qualification - making it easier to buy the second. And then the third is even easier because you'll be able to count the income from ALL of your rented units. Great strategy!!
@@realtorlandlord thought you had to have a minimum of 2 years of rental income on your taxes in order for rental income to help you qualify?
Do you recommend buying under your name
Or an LLC?
Hey @WiFiCannibal👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
@@RobertHasty. That is correct, that is what my VA lo as n agent said as well. The 2years is most beneficial in this regard.
I get using these tools but wouldn't we be putting leads into bigger pockets software?? Giving those investors who have a better advantage to get the property first? I'm sure you guys analyze the input data.
Love the info on these and ideas... However I wonder sometimes with how many people move.. Having "Renters" for vacancy, Repairs, damage, bad PR can put these things at a bad projections too.
💡Thanks for sharing @Draxz! Maybe I should make a video on this 🤔
I can tell you're really passionate about this subject, and it's contagious! You've inspired me to learn more about it.
Great information I’ve been making notes and watching tons of videos out there,
One question the I get approved for loan first with bank/lender or make an offer and then ask the bank for the amount that was agreed with seller . 😊👍🏼 Thnks!!
Realtors won't work with you until you're approved
This was very helpful!
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it
what's the company that does commercial loans as long as there's enough rents to cover all the expenses?
I really enjoy your informational videos. Question, are 100% disabled veteran exempt from property tax on rental properties? I live out of state but I want to invest in real estate in Texas.
Has to be your primary residence
I would like to know does the bigger pockets analysis tool is good to use for any market ?
I was wondering the same
David - did your realtor respond? Whats going on with the purchase?
I live in Louisiana and I need a lender for out of state commercial loans, property in Jacksonville Florida🙏. Any recommendations please?
thanks so much for putting this together and sharing it for free David ! Very informative and simple. Love it
please update the bigger pockets pro tolls so Canadians can use it to please and thank you
David, how can I contact you to get your recommendation for Austin, TX realtors?
Hey Bigger Pockets! Love your content and can’t wait to get started in the Real Estate game this year!
YEEHAW
David: Great video and if this is not motivated to people then I do not know what would motivate them. Funny thing when I watched you for first couple of times I don't know why but I didn't like your podcast but I kept watching...fast forward now I can't imagine watching with you not on there. Also, thank you for your service when you were a Police officer.
Can i use my 401k to buy first
rentals?
David, do you think joining your group makes sense for those not in the US? Is my case, real estate in Portugal
Can you make a video on how to qualify for multiple mortgages when starting off. I live in the Bay Area interested in investing out of state.
@david green i am in California! Looking to do BRRRR deal and purchase duplex/apt
So I'm gonna plug my leads into YOUR software.....right.....
That calculator really helps.
I live in NY where to average single family home where I am located start at 950 thousand dollars. With a 6 percent interest rate at the moment, I have no idea how your video helps.
The blueprint ⛳️
Good stuff
Amazing information. Thank you so much
Hi , I’m interested !
I am in the Bay Area, and I am going to contact you about selling my house and buy another one in Georgia when I am moving , and I will be contacting you as an agent.
How can I sign up to ask questions on bigger pockets
Nice video.. I'm ready for actions.
Man....keep it coming you guys are changing the minds of many!
🔥 I’m with you on this @Mr. K! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Where can you get a rate around 4% on investment property? Was this video done in December 2022? Great format otherwise.
Love your videos
Thank you so much
I’m getting out the rat race or die trying
How do I get on your realtor list ?
Regarding jiu jitsu, you should roll when you're tired. It will force you to rely on technique and not strength.
How can I calculate/ get an idea of how much rehab will cost for a flip? I feel like rehabbing is the most intimidating part of flipping?
Look at xactimate
Used to always say “this is a problem for future me” now “blessing for future me”
One question: How do they "find" these deals? How do they compete with and/or and outbid starving piranhas? Please do a video on 'finding' these deals. I know a guy who pays people in the right places to feed him info.
Where would you get 4% rate now?
Thank you for this!
We're ready to go this is Rich
Can you clarify if the bootcamp access is free or discounted with the pro membership?
Bootcamp prices are discounted with a pro membership! Enrollment is also in early-bird pricing until Jan 1, learn more here: www.biggerpockets.com/blog/real-estate-investing-bootcamps
How do I know bigger pockets website won’t keep the data on a super deal I found and snatch it right under my feet
make your own in excel/google sheets.
can definitely tell that bro was not tryna record. not a single smile on the intro jus blank face lmao.
Are you in the bay area