How To BUY Your First RENTAL PROPERTY The Right Way! - Real Estate Investing 101

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  • เผยแพร่เมื่อ 19 ม.ค. 2025

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  • @MinorityMindset
    @MinorityMindset  3 ปีที่แล้ว +163

    🛑BEWARE OF SCAMS IN THE COMMENTS! 🛑If you enjoyed this video, you should watch - How To Buy A Home The Right Way: th-cam.com/video/gz5LjPFO1NY/w-d-xo.html

    • @TheDiverJim
      @TheDiverJim 3 ปีที่แล้ว +4

      My goal before the pandemic was to do rentals (SFH and 4plex) but these eviction bans have really shaken my faith in this. What is your view on the eviction ban? 2 of my friends with rentals had tenants who stopped paying.

    • @smittyguggs2309
      @smittyguggs2309 3 ปีที่แล้ว

      @@TheDiverJim they dont have to stop paying rent. Its an eviction ban that's all

    • @TheDiverJim
      @TheDiverJim 3 ปีที่แล้ว +4

      @@smittyguggs2309 if someone is in my property and not paying for use of that asset, they need to be gone. The government shouldn’t have that authority. And it completely changes my interest in renting residential property if they can. If the government wants to pickup the tab, then ok, but otherwise that tenant needs to go.

    • @e8a284
      @e8a284 3 ปีที่แล้ว

      I want to invest in rental property but idk if a bank would lend me money due to my debt to income. Do the banks take the investment property income in the loan:debt factor? That's the only reason I havnt applied because I don't think I could take in more loans. Or do I get a land contract, rent it, then try and get a loan since you can show proof of income?

    • @TheDiverJim
      @TheDiverJim 3 ปีที่แล้ว +4

      @@e8a284 if you are covered in bad debt, you need to fix that problem before you can be in a position to rent property

  • @tareshtheentrepreneur1327
    @tareshtheentrepreneur1327 3 ปีที่แล้ว +460

    Every family has a person who breaks the chain of poverty. I hope you will be that person! Real estate is one of those things

    • @p3ter408
      @p3ter408 3 ปีที่แล้ว +15

      Facts you just gotta have that minority mindset. Your family will find you weird not doing the traditional college university route but will thank you later for the Mansion you buy for them later and the financial freedom you created.

    • @manishrasaili5361
      @manishrasaili5361 3 ปีที่แล้ว +9

      1000th time I saw this.

    • @StarScreamReee
      @StarScreamReee 3 ปีที่แล้ว +6

      I am that one for my family thanks to these videos, keeping a budget, advancing through work, and eliminating my debts.

    • @GoldKingsMan
      @GoldKingsMan 3 ปีที่แล้ว +3

      @@p3ter408 The mansions for me.

    • @badger_ninja8681
      @badger_ninja8681 3 ปีที่แล้ว +4

      Sadly there's someone in the family who will buy the chains back with stupidity too.

  • @BobbyPoynter
    @BobbyPoynter 3 ปีที่แล้ว +498

    This man is dropping hundreds of dollars worth of knowledge for free.

    • @charliebillman3305
      @charliebillman3305 3 ปีที่แล้ว +2

      @SørenCast Z No Doubt, this is a really good video! Great Break Down on Cash on Cash returns and evaluating rental properties to buy/sell

    • @rogerr5102
      @rogerr5102 3 ปีที่แล้ว +7

      And there are people who pay for this information. Free knowledge this guy is the goat

    • @sagepirotess6312
      @sagepirotess6312 3 ปีที่แล้ว +8

      To be fair he has 1m subs. So its not frer. He is being paid

    • @myfamily9393
      @myfamily9393 3 ปีที่แล้ว +2

      @@sagepirotess6312 that's fair? 🤡

    • @BobbyPoynter
      @BobbyPoynter 3 ปีที่แล้ว +3

      @@sagepirotess6312 True, but we are not directly paying him for this like you would for other educational courses

  • @tanyacorbin2070
    @tanyacorbin2070 3 ปีที่แล้ว +55

    I have always enjoyed how Jaspreet relays his messages. Unlike many others; the manner in which he approaches his lessons of finance are never condescending or arrogant. He comes accross as being so down-to-earth, humble and genuine in his teachings. At the end of each video I have a sense of empowerment and a wealth of usable knowledge, opposed to feeling lost in the financial lingo or feeling stupid when bombarded with concepts that go over your head.
    Keep your approach the same, Jaspreet. You and your team are undoubtedly deserving of reaching the 1M mark.
    We truly appreciate it!!

    • @trevorbrennan7910
      @trevorbrennan7910 3 ปีที่แล้ว +1

      I totally agree!! He seems like one of the only big finance TH-camrs that doesn't seem like they're milking the TH-cam and course money, and the videos aren't just basic info or misleading surface level info like so many others! I actually feel like I'm learning something! He holds 100% of my respect!

  • @raulbatista4614
    @raulbatista4614 3 ปีที่แล้ว +217

    This videos is so informative, that I turned my adblocker off to show my respect and gratitude.

    • @steveokingz
      @steveokingz 3 ปีที่แล้ว +8

      Adblocker you say ? Tell me more

    • @Genuinelycuri0us
      @Genuinelycuri0us 3 ปีที่แล้ว +1

      LOL

    • @christopherpeters3082
      @christopherpeters3082 3 ปีที่แล้ว +2

      @@steveokingz just use Brave Browser if you do not like ads. When I go on TH-cam via Brave I do not get those google ads ever 10 friggin seconds lol

    • @ItsMrLee
      @ItsMrLee 9 หลายเดือนก่อน

      Wow so gracious

  • @sunnyliwei3029
    @sunnyliwei3029 3 ปีที่แล้ว +53

    This video has a lot of information. I recently got a propertyy on the high side. Who knows how

    • @dannywalters958
      @dannywalters958 3 ปีที่แล้ว +6

      Has to be stocck. Made my first millions through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!

    • @burrussroger7352
      @burrussroger7352 3 ปีที่แล้ว +11

      @@dannywalters958 Who is this pro you worked with please

    • @dannywalters958
      @dannywalters958 3 ปีที่แล้ว +13

      @@burrussroger7352 Kara Kay Nixon. Look it up

    • @emilyjones1882
      @emilyjones1882 3 ปีที่แล้ว +7

      ​@@dannywalters958 Met her once at a seminar in Dallas. Great speaker.

    • @chriswilliams2061
      @chriswilliams2061 3 ปีที่แล้ว +4

      Stripping?
      lol

  • @GTHoyaz76
    @GTHoyaz76 3 ปีที่แล้ว +27

    i sincerely thank you passing on your knowledge. you're the man!

  • @tonymontana4053
    @tonymontana4053 3 ปีที่แล้ว +9

    This was the best real estate video I've ever seen, thank you Jaspreet!

  • @mathebulamkhize876
    @mathebulamkhize876 ปีที่แล้ว +135

    I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

    • @recluseauhermitticus2033
      @recluseauhermitticus2033 ปีที่แล้ว

      Money is part of what caused the great depression. . and will again. Lol.but nevermind. Keep worshipping it. . and all the problems it helps maintain.

    • @christopher2926
      @christopher2926 ปีที่แล้ว

      Great quote by Earl Nightingale

  • @HarryMander
    @HarryMander 2 ปีที่แล้ว

    This One Video Explain EveryThings to new Investor . Jaspreet Veer - Great Work .

  • @esredarksun
    @esredarksun 3 ปีที่แล้ว +20

    One thing you missed regarding property management companies. The good ones are well versed in landlord/tenant laws, so they will guide you away from troubling people and issues. They also protect you from yourself...

  • @georgepaniagua6115
    @georgepaniagua6115 3 ปีที่แล้ว +105

    “Invest in a cute home then you get cute profits “ 😆

  • @sickboy0351
    @sickboy0351 3 ปีที่แล้ว +11

    Hello Jaspreet, I would love to see you do a clip on adding an ADU to rent, the do's and don'ts. It's so expensive to buy in Southern CA, what I am currently working on is building an ADU in the back of my property. My hopes is I can rent this ADU for enough to just cover my mortgage payment I currently living in and paying or close to it. I would do this for a year so I can save the $$ income from the back rental. Then after a year "hopefully" house prices will come down just a bit and I can move out of the property itself and rent both the home I'm living in and the ADU I am adding. The ADU pays for the front house, the front house would help pay 1/4 of my new home and the rest I would save another year to cover emergencies then after the year I would take the 3/4 and add it to the 1st original house mortage to pay it off faster. Anyway, love to see you talk about this.

  • @jaimemayorga1197
    @jaimemayorga1197 3 ปีที่แล้ว +2

    jaspreet please duplexes are selling for 600,000 and up how am i going to make a profit there is nothing selling for 150,000 like you explained in your viedo

  • @cjj_88
    @cjj_88 2 ปีที่แล้ว +1

    Real talk, I never subscribe to videos, but you got my subscription with this one.
    You a real one for this vid. Much appreciated.

  • @robertogomez2932
    @robertogomez2932 3 ปีที่แล้ว +41

    The city laws are super important, it once took my father 6 months to evict a family that didn’t pay rent . We lost out on nearly a years worth of rent .

    • @fhenlizhao5406
      @fhenlizhao5406 3 ปีที่แล้ว +2

      Thats actually the most important rule.

    • @BangMaster96
      @BangMaster96 3 ปีที่แล้ว +3

      +Roberto gomez
      Let me guess, it was in California

    • @garrettberg2701
      @garrettberg2701 3 ปีที่แล้ว +1

      don't rent your property in liberal run cities.

    • @truthhurts7869
      @truthhurts7869 2 ปีที่แล้ว

      should have sold it while they in there

  • @paragpatil4792
    @paragpatil4792 ปีที่แล้ว +2

    But if you are making $500 a month on a property you paid $60K down (20% for example), wouldn't it take 12 years just to recoup the down payment and then you actually start making money? I am not saying real estate is bad investment. I am just trying to understand how does the cash flow actually make sense? Now if I was paying 5% down or less, then I understand how the cash flow would quickly turn into profit while the tenant is actually paying the mortgage.

  • @neitokapfoyourcredential.4379
    @neitokapfoyourcredential.4379 3 ปีที่แล้ว +1

    Thank you for good explanation..learning better..

  • @SebastianOrtizV
    @SebastianOrtizV 2 ปีที่แล้ว

    This is, by far, the BEST personal finance channel I've come by. Thank for your generosity.

    • @DarrinSK
      @DarrinSK 7 หลายเดือนก่อน

      This channel fucking sucks. Talks about everything as if people just have 50k to drop casually

  • @paulbrungardt9823
    @paulbrungardt9823 2 ปีที่แล้ว +10

    I have been a real estate investor for 42 years. I love real estate; however, I have some advise. Avoid HUD/ Welfare tenants. These folks feel entitled, demanding and lack work ethic. Personal responsibility is an anathema to the welfare class. Since your tenants are making your payments, buy something nice. $ 2,000-$2,500 monthly rent is my prime target. Be fair; what goes around comes around. Don't gouge your tenants. With all cash or fixed mortgage purchase, there is no need to gouge your tenants. It is win/win.

  • @brendagodinez8285
    @brendagodinez8285 3 ปีที่แล้ว +1

    Thank you. I’m studying for the Real Estate Sales Agent. This videos help a lot. I appreciate it you.

  • @LexingtonCruz
    @LexingtonCruz 3 ปีที่แล้ว +1

    Best content and I’m an active viewer of this channel. Seriously valuable info in this one

  • @jonasknocksonthedorr6985
    @jonasknocksonthedorr6985 2 ปีที่แล้ว

    Jaspreet!!! I work in flooring and laminate is not waterproof. They market it that way but it is in reality not. Go with LVP instead, that is true waterproof

  • @MissFinance
    @MissFinance 3 ปีที่แล้ว +62

    I can't wait to buy my first rental property!

    • @DarrinSK
      @DarrinSK 7 หลายเดือนก่อน

      Hey awesome! I'm glad you have 500k sitting around to fucking invest in real estate. Must be fucking nice

  • @dlealchicago
    @dlealchicago 3 ปีที่แล้ว +3

    Definitely need more videos on finding property management company! Marvelous video. Instant subscriber!

  • @grabthemappodcast
    @grabthemappodcast 11 หลายเดือนก่อน

    I appreciated the practical advice on property inspections and due diligence. Skipping this step can lead to costly mistakes down the line

  • @S54VR6
    @S54VR6 3 ปีที่แล้ว +41

    Thought about renting but with this covid thing, it scares the hell out of me. Landlords are getting totally screwed

    • @InvestAndGrow2020
      @InvestAndGrow2020 3 ปีที่แล้ว +3

      If you don’t do it someone else will do it for you.
      Like me

    • @S54VR6
      @S54VR6 3 ปีที่แล้ว +2

      @@InvestAndGrow2020 good for you buddy. Wish ya luck.

    • @aygwm
      @aygwm 3 ปีที่แล้ว +6

      You don’t need to rent to shady people.

    • @canadianjatti
      @canadianjatti 3 ปีที่แล้ว +10

      be VERY PICKY when you choose tenants. I have never had a non payment issue. Even throughout the last year.

    • @steveelling9604
      @steveelling9604 3 ปีที่แล้ว +9

      I list my available rentals for under the market rate by a few bucks, which guarantees more people will apply. The more applications, the better your chances of finding a solid-gold tenant. I'd rather leave $50 per month on the table than have to deal with eviction issues, constant whining, and unreliable income streams from renters. Remember, YOU get to choose who gets the keys. And you can always raise the rent a little when the first lease expires.

  • @tomdrummy4984
    @tomdrummy4984 3 ปีที่แล้ว +55

    Yes, real estate is tangible........so are the tenants inside the building. That’s the problem to me........people are the biggest challenge there is.
    Stocks are tangible to me.......i can hold the paper in my hand with the numbers on it. Lol
    I can sleep at night and make money without dealing with people issues. It’s the stock market for me !!!

    • @SamBalducci
      @SamBalducci 3 ปีที่แล้ว +9

      There are other ways to invest in property, specifically REITs and eREITs. You will make less but it should be part of a diversified portfolio.

    • @BarnacleBoy42069
      @BarnacleBoy42069 3 ปีที่แล้ว +7

      Just get a property manager to deal with the tenants for you, they usually cost around 10% of the monthly rent, and most of them only get paid when they collect the rent.

    • @biyuwang9952
      @biyuwang9952 3 ปีที่แล้ว

      ROSE BEKKY STEVENS is currently my family fin. broker. Her delivery percentage is A-list.

    • @AchillesNYC
      @AchillesNYC 3 ปีที่แล้ว

      This is the way

    • @ricecakeboii94
      @ricecakeboii94 3 ปีที่แล้ว +2

      Good. More homes for me.

  • @edlocks5112
    @edlocks5112 3 ปีที่แล้ว +15

    Love the content! Problem with real estate especially in NY where I live is the laws are totally in favor for tenants. On average before covid it took 3-4 months for eviction process. Now with covid it's probably impossible to get someone out without resorting to old school tactics. I'll stick to buying businesses and stocks.

    • @wileecoyote5749
      @wileecoyote5749 3 ปีที่แล้ว +3

      NYC has the worse rental laws on the damn planet.

    • @fsa5826
      @fsa5826 3 ปีที่แล้ว +1

      All blue States same, and they are trying to take away the properties from owners.

  • @djnastienate
    @djnastienate 3 ปีที่แล้ว +1

    Has anyone ever told you, you got the most OG thumbnails on earth? Jaspreet droppin bombs, thanks for spreading knowledge.

  • @jeffnabors833
    @jeffnabors833 3 ปีที่แล้ว +2

    How are the Lawyers, the cost of setting up an LLC, Realtors and Inspectors included in the monthly payout? Would setting up a retainer be the way to go? What do you do to find "hungry" people to work with?

  • @dilpreetsingh3905
    @dilpreetsingh3905 3 ปีที่แล้ว +2

    If you don't have enough cash, is it a good option to pay the down payment cash but taking a loan from a bank? This question is for actually buying your own house.

    • @markmilan5633
      @markmilan5633 3 ปีที่แล้ว +1

      If you don't have enough cash you'd best go through an agency that lets you pay down a certain amount for the house and they'd cover the rest then it'd be for you to pay the Agency in installments till you get to keep the house. That's how I was able to buy our house in a year

  • @137Enki
    @137Enki 3 ปีที่แล้ว +2

    I love this channel and value your opinion. I’m not much of a commenter but I know it helps bring the channel more volume… so here I am commenting 😂 this channel provides great to the point information and some good humor. Thanks to the host and all developers

  • @iiConFuZze
    @iiConFuZze 3 ปีที่แล้ว +34

    I appreciate your knowledge man, I have made the first step, after doing my due diligence, to getting pre approved for a loan to get my first rental property. I'm in Baltimore and I can't stand seeing these houses just boarded up in the city but in certain areas new construction is coming in (some areas are already turning around) and that's where Ima scoop up one of these low priced flips and rent it out. I know I can make it happen! 💪🏾

    • @MrRonnie467
      @MrRonnie467 3 ปีที่แล้ว +2

      Hello I am from Baltimore also and trying to step out and do the same. Do, you have any good tips to do or not to?

    • @michaelgee683
      @michaelgee683 3 ปีที่แล้ว

      I'm about to invest in the Baltimore area as well. I wish you much luck.

    • @michaelgee683
      @michaelgee683 3 ปีที่แล้ว +1

      @@MrRonnie467 I'm about to invest in the Bmore area as well. I've already been looking at properties.

    • @carmenrivera2053
      @carmenrivera2053 2 ปีที่แล้ว

      Hi! If you don't mind me asking, how did you get money to fix up the home?

  • @finepakiinemporia
    @finepakiinemporia 2 ปีที่แล้ว +1

    Also wanted to chime in that zillow's property manager is a great tool if you have a small number of rentals. It looks at the laws in your state when it comes to building your lease and you can screen your tenants with a background check and credit score right there. I personally love this method and I don't have to pay a property management company for any of it. It's a free tool btw. For a newer property, you could just sit back at this point and watch it make money for you. If your property is older, then definitely have your top 5 (plumber, electrician, etc) numbers on standby. It's not difficult to manage yourself if you've got the willpower.

  • @financemadesimple-personal2086
    @financemadesimple-personal2086 3 ปีที่แล้ว +25

    Japreet with the wisdom, and what I love is he doesn't try to sell you courses or subscriptions!

    • @trevorbrennan7910
      @trevorbrennan7910 3 ปีที่แล้ว +3

      One of the only big finance TH-camrs I don't feel are just trying to milk the money and are actually genuinely wanting to help!

    • @financemadesimple-personal2086
      @financemadesimple-personal2086 3 ปีที่แล้ว +3

      @@trevorbrennan7910 same here. I wont mention names, but some are just monetizing EVERY single thing they can

    • @kirisutegomen12
      @kirisutegomen12 3 ปีที่แล้ว +3

      I'm glad he's not trying to sell us a 7k course like others 😂

    • @financemadesimple-personal2086
      @financemadesimple-personal2086 3 ปีที่แล้ว +1

      @@kirisutegomen12 or post live videos that you have to pay to chat on

  • @JavsGarage
    @JavsGarage 3 ปีที่แล้ว +38

    Sheeesh 40 minutes of straight knowledge 🔥🔥

  • @bHappy777
    @bHappy777 3 ปีที่แล้ว +1

    Excellent explanations.

  • @perfectblue8443
    @perfectblue8443 ปีที่แล้ว

    Your channel is hands down the best when it comes to money talk and advice

  • @steveelling9604
    @steveelling9604 3 ปีที่แล้ว +5

    Fantastic overview, Jaspreet. I have five rentals and this advice is solid gold. I apply these rudimentary rules every day when looking for my next purchase. Listen to Jaspreet, people. He's showing you how to really crunch the numbers.

    • @user-qj2st6km5x
      @user-qj2st6km5x 3 ปีที่แล้ว

      Do well to correspond
      1..(.5..1..7.).5...6...9...7...8...5...1
      W. H. A. T. A. P. P

    • @trinab.9633
      @trinab.9633 3 ปีที่แล้ว

      Be careful of scammers

    • @R1pTheJacka
      @R1pTheJacka 3 ปีที่แล้ว

      @@user-qj2st6km5x dude if you're gonna scam at least make it somewhat believable

  • @realestateinvestingtips
    @realestateinvestingtips ปีที่แล้ว

    I agree with you that real estate is a fantastic investment opportunity, and owning a tangible asset provides peace of mind. Your 10 tips for buying your first rental property were very informative, and I appreciated your advice on location, cash flow, negotiations, inspections, financing, legal matters, renovations, finding tenants, making the property passive, and selling the property. I especially appreciated your advice on thoroughly researching the location before making an offer. Walking the neighborhood, looking for signs of neglect or decay, and investigating the flow of money and potential for development are all excellent tips.

  • @mplscarsales6652
    @mplscarsales6652 3 ปีที่แล้ว +2

    @ Jaspareet can you make video of how to set up LLC and how to property management from states away like programs that do everything and keep track of your properties renters ect?

  • @awakenedsoul3695
    @awakenedsoul3695 3 ปีที่แล้ว +15

    What a massive amount of knowledge in this video.!!Thank you so much for taking the time to put this out. Best of luck in your real estate journey, to everyone above and BELOW!

  • @putjatda116
    @putjatda116 3 ปีที่แล้ว +5

    Thanks Jaspreet for sharing this free knowledge. May God bless you more, man.

  • @thomasabarca5960
    @thomasabarca5960 3 ปีที่แล้ว +1

    I appreciate the effort Jaspreet, very thorough and informative.

  • @mr.precision5039
    @mr.precision5039 3 ปีที่แล้ว +3

    Bought my first rental property yesterday so your timing is perfect thank you 🙏🙌

    • @user-qj2st6km5x
      @user-qj2st6km5x 3 ปีที่แล้ว +1

      Do well to correspond
      1..(.5..1..7.).5...6...9...7...8...5...1
      W. H. A. T. A. P. P

  • @EmmanuelOnitheoneandoni
    @EmmanuelOnitheoneandoni 3 ปีที่แล้ว +2

    The amount of knowledge in this video is paramount

  • @compubyte2010
    @compubyte2010 2 ปีที่แล้ว +1

    Your videos are absolutely the best !! your ability to explain in a way that anyone can understand is astonishing !!!!
    I however have ONE question, regarding renting a property, or selling it? As you know the housing market went nuts when covid hit, and I was unable to purchase a home due to the cash buyers etc..
    So we decided to Built a home on a piece of property.
    Now the way the market is, and rents so high, and homes going up in price to much .. We are thinking of possibly staying where we are for a bit longer.. and when the home is built, do we sell it? or rent it out?
    reason for a might want to sell is simple, the home isn't even done being built yet, and.. the BASE price of the home, has gone up $100k , and that's the base, we have about $60k in upgrades done to the home, from raising the roof another 2 feet, to glamour master bath/walkin closet, to upgraded stainless steel etc in kitchen appliances.. etc. ) SO that $60k has gone up to have that work done too.. We suspect by the time it's done being built.. we should have about $120k + in equity ) seems if we sell it, pay back $ and take that 120k and purchase a duplex or something?? or should we rent it out, i'm sure we can in this market get $2400 a month for a 4bd /2th home on a little over an acre of land? Just outside the city a bit. ..
    Another issue is the mortgage rates have climbed.. and we put down 3.5% to have it built, @ 2.75% interest rate. and the mortgage has a clause in it, that if we sell it, we can sell it transferring the 2.75% interest rate with it?? ( I'd never heard of it? but title lady had ) . . SO we are not sure what to do? move into our home, rent it and make at least 700-800 a month extra renting it? or sell it and take the $120k+ .. curious to know what you'd do in the situation?

  • @sebastianochoa2930
    @sebastianochoa2930 3 ปีที่แล้ว +1

    AMAZING VIDEO MAN. MOST DETAILED VIDEO ON REAL ESTATE EVER. MAD RESPECT 4 YOU MY MAN

  • @HiroNguy
    @HiroNguy 3 ปีที่แล้ว +1

    Soooo much great info in here! Very dense with great advice. Thanks Jaspreet. Keep making these.

  • @freethinker6821
    @freethinker6821 3 ปีที่แล้ว +5

    Thank you so much for your videos! They are very informative and you walk us through every step and you also talk about the pitfalls. You keep it real; I appreciate that. Unlike most of these other TH-cam videos that only tell you to invest but don't show you how.

  • @biyuwang9952
    @biyuwang9952 3 ปีที่แล้ว +10

    Letting fear drive your investment decisions may seem counterintuitive ,so pay attention to the market and be skeptical about what the crowd is doing. It's not always easy to do what's not popular, but that's where you make your money. Go against the stream and choose investments whose potentials are overlooked.

    • @thomasritchie384
      @thomasritchie384 3 ปีที่แล้ว +2

      Real estate investments can be emotionally exhausting . Positive Results are guaranteed more if one works with a reliable professional. My most sincere take though!!

    • @viktoriarebane1274
      @viktoriarebane1274 3 ปีที่แล้ว +2

      @@thomasritchie384 How do one know a reliable broker or mentor to guide you on investments considering the heavy presence of scams in our social media space..

    • @biyuwang9952
      @biyuwang9952 3 ปีที่แล้ว +1

      @@viktoriarebane1274 Its a great concern to us all. However, names like ROSE BEKKY STEVENS, have always stood out to be exceptional

  • @Munchkinkyat
    @Munchkinkyat วันที่ผ่านมา

    This video is pure 🔥🔥🔥

  • @DaySpillsTea
    @DaySpillsTea 3 ปีที่แล้ว

    I’ve seen your videos before and they’re always informative. …but THIS ONE got my sub!! Thank you!

  • @ritafong8587
    @ritafong8587 2 ปีที่แล้ว

    Love your teachings:) very impressed of your background!

  • @rebuilding6749
    @rebuilding6749 3 ปีที่แล้ว +6

    I love your videos, I watch them all the time. So informational, and would love it if you could do some "Live Streams" and talk to us personally every now and again to hear some of our personal questions. Keep up the great work!
    -Mike

    • @viktoriarebane1274
      @viktoriarebane1274 3 ปีที่แล้ว

      ROSE BEKKY STEVENS is currently my family fin. broker. Her delivery percentage is A-list.

  • @deanhallinan9307
    @deanhallinan9307 ปีที่แล้ว

    This is a brilliant video. Well done

  • @bryantsouslin8856
    @bryantsouslin8856 ปีที่แล้ว

    Time to let the extra guac build up!🥑

  • @JenniferBailey-ky5xc
    @JenniferBailey-ky5xc ปีที่แล้ว +1

    Hi, quick question: Do you do any Air BnB properties as opposed to old-school tenants? I know you can make quite a bit more per month leasing short-term rentals, but the operating costs would be higher. Wondering our thoughts on this area.

  • @52hydra
    @52hydra 3 ปีที่แล้ว

    Subscribed because you're straight up and an attorney. Love it.

  • @chillplacatetrance9213
    @chillplacatetrance9213 ปีที่แล้ว +1

    Hi Jaspreet! Regarding rental property... May I know what is the ideal number of units to acquire so that when there are vacancy, the cash flow can still cover the mortgage? Thank you!

  • @jamesambalathunkal7925
    @jamesambalathunkal7925 ปีที่แล้ว

    Thank you for this video and the extreme detail. Really helpful and informative. Appreciate it.

  • @kallara10
    @kallara10 2 ปีที่แล้ว +2

    You forgot about the Home owners association. Never buy a property without checking HOA, buy only in a rental friendly HOA

  • @mslaureano6230
    @mslaureano6230 ปีที่แล้ว +2

    I get so confused by all you guys that talk about owing/renting real-estate properties. Let's say for sake of my point. I get a duplex to build my portfolio. I do not have that money out right. So I go to the banks to get it. I now owe the banks 500k. I NOW I'm living in one part and renting the other. However, I have to take thar money that I'm now getting from the person I'm renting it to and pay the banks because I have to pay off that 500k. How in the world does that help me save money to where in a year I'm going to pay off that 500k and move to another property? It's not adding up to me!

  • @alananthony7762
    @alananthony7762 ปีที่แล้ว

    Thing to note about leveraging the equity from an investment property: If the investment property has increased in value since you acquired it, using the equity in the property to purchase a new property may result in a higher CGT liability when you eventually sell the investment property.

    • @woloexe
      @woloexe ปีที่แล้ว

      never sell the property. refinance it once the value is higher

  • @metalmike570
    @metalmike570 3 ปีที่แล้ว

    Excellent information I can't belive it just sits in TH-cam. Thank you Jaspreet Singh!!!

  • @ShortJourneys702
    @ShortJourneys702 3 ปีที่แล้ว +3

    I've only watched 5 minutes, but so far just appreciate you making the video and a breakdown. I have had rental properties in past, but I do not want to work for people for the rest of my life, so I am going back in...

  • @greatravman
    @greatravman 3 ปีที่แล้ว +1

    question - can i open a RE LLC today, and 'loan' my home or its equity to my company?

  • @StarScreamReee
    @StarScreamReee 3 ปีที่แล้ว +4

    This is my goal for this year/early next year. First house in big college town.

    • @badger_ninja8681
      @badger_ninja8681 3 ปีที่แล้ว

      I Live next to a college town rents go up to suck up that sweet government debt the fools are putting on themselves.

  • @clementmabunda3131
    @clementmabunda3131 2 ปีที่แล้ว +1

    I love your content, man. I'm a lawyer too.
    Thanks!
    (South Africa)

  • @Bmoreinsureddmv
    @Bmoreinsureddmv 2 ปีที่แล้ว

    Sounds like you’re talking about Baltimore City…..homes on the east side of I-83 are more expensive then those on the west side of I-83, when you traveling north from the city’s center.

  • @Kanis5000
    @Kanis5000 ปีที่แล้ว +1

    People buying properties as investments is a huge factor in causing the messed up state it is in now.
    If you have excess cash in your pocket.. dont use it to give yourself a little more, so everybody else can have less.

  • @dkbullock4871
    @dkbullock4871 3 ปีที่แล้ว +3

    Good information. I personally feel that everyone should manage at least one or two of their properties in the beginning. Just for the experience and learning to appreciate the entire process.

    • @tinathomas3288
      @tinathomas3288 3 ปีที่แล้ว

      True but I would advise not to identify yourself as the owner. You are asking for a nightmare

  • @Reigndawg1
    @Reigndawg1 ปีที่แล้ว

    Your videos are awesome man. You explain things so well. Keep up the good work sir. Thank you for sharing your knowledge.

  • @rembertomendoza3902
    @rembertomendoza3902 2 ปีที่แล้ว

    Thanks you! This was one of your best videos!

  • @demiserv
    @demiserv 3 ปีที่แล้ว +2

    This came on in the background while working. Excellent work, explanation and coverage of topic! Subbed👍

  • @kirisutegomen12
    @kirisutegomen12 3 ปีที่แล้ว +2

    This video is worth a million 👌

  • @samsonhille3304
    @samsonhille3304 2 ปีที่แล้ว

    Top tier advice here! Keep up the fantastic work!

  • @kwamebonsu1010
    @kwamebonsu1010 3 ปีที่แล้ว +1

    Your teachings are very practical and informative. I really learn so much in so little time having this gentleman school me everytime.

  • @mdiaz6110
    @mdiaz6110 2 ปีที่แล้ว

    You are a blessing my friend. I’m so grateful for your knowledge and experience and your eagerness to help others to improve their financial lives. You are a lifesaver. I pray for your continued success. Many blessings to you and your family.

  • @beyondartists7641
    @beyondartists7641 3 ปีที่แล้ว +1

    You are my mentor.

  • @corcoranmagriproperties
    @corcoranmagriproperties 3 ปีที่แล้ว +7

    Love real estate, love Minority Mindest... this is definitely my video!!! 😉😉😉

    • @kendrickmike8549
      @kendrickmike8549 3 ปีที่แล้ว

      Love you too, Really Appreciate your feedback.
      Feel free to get in touch for proper portfolio management services and analysis

  • @vanessaascencio2704
    @vanessaascencio2704 ปีที่แล้ว

    Love your content! Can you do a video on purchasing a Airbnb property?

  • @devasri_
    @devasri_ 3 ปีที่แล้ว +1

    High value video. Thanks

  • @donaldevans2064
    @donaldevans2064 2 ปีที่แล้ว

    What about property maintenance...grass cutting, snow removal,???

  • @andresmatty3864
    @andresmatty3864 3 ปีที่แล้ว +1

    Could you please make a video discussing multi family or apartment commercial real estate??

  • @AkbarAli-82
    @AkbarAli-82 3 ปีที่แล้ว +1

    Sir the question is if you do 1031 Exhange do you have to buy expensive property or you can divide in form of down payment of 10 more property ??

  • @ranju184
    @ranju184 3 ปีที่แล้ว

    Hi Jasper, I live in Berlin, Germany. The price of real estate is highly inflated. Would you please take a look at the property scene here and comment on it.

  • @BEBEBUTTER
    @BEBEBUTTER 3 ปีที่แล้ว

    The teachings are great. I am learning so much.

  • @JarinXeno
    @JarinXeno 2 ปีที่แล้ว +1

    Everyone always gushes about cash flow when it comes to real estate. For me though I am more excited about building equity in a property. Because when you have enough equity you can do a cash out refinance. As long as you don't refinance it for more than you originally paid for the property your payment wont change and since you are technically taking on debt, all that equity that you just pulled out you get to put in your pocket tax free. You can then use that money to buy the next property, or a lambo. 😎 Also since real estate almost always goes up in price over the long term when you are ready you can still sell the property for more than you owe. This way you just don't have to wait until you sell to get access to that money. So even if a property doesn't cash flow as much as you like, every payment is still building some equity that you can tap into.

  • @nik-challengeman383
    @nik-challengeman383 3 ปีที่แล้ว +1

    Thanks on the finances i hadnt factored in maintenance and taxes before for some reason, keep hustling. 👍

  • @rentospropertymanagementso4895
    @rentospropertymanagementso4895 3 ปีที่แล้ว +16

    It is like free tuition to handle the real estate business effectively. Thank you for the helpful hints.

  • @SeanLunny
    @SeanLunny 3 ปีที่แล้ว +7

    Biggest piece of advice I can give is to know the numbers before you buy. Account for everything so you know you’re going to cash flow.

  • @jyotikaur3346
    @jyotikaur3346 3 ปีที่แล้ว +1

    Very informative. Thank you for sharing a wealth of information.

  • @LordBlackNephew
    @LordBlackNephew 3 ปีที่แล้ว +1

    If you was to invest today where would you purchase and why?
    I appreciate the content you put out, on the behalf of all of your followers... Thank you.
    BX STAND UP!!!

  • @devinthedataguy
    @devinthedataguy 3 ปีที่แล้ว +9

    I have a video suggestion. Some of this doesn’t apply to Airbnb rentals. For example, close to airports and tourist destinations are more important than if there is a Walmart nearby, etc... how about a video explaining the difference in preparation for a long term rental vs short term rental?

    • @therailbaron18
      @therailbaron18 3 ปีที่แล้ว +2

      Airbnb is Lawsuit Central. Don't do it.

    • @jatindersingh5135
      @jatindersingh5135 3 ปีที่แล้ว

      Some places in toronto do not allow airbnb anymore

    • @tinathomas3288
      @tinathomas3288 3 ปีที่แล้ว

      @@therailbaron18 Why do you say this?

    • @RAAC60
      @RAAC60 2 ปีที่แล้ว

      @@therailbaron18
      Why?

    • @jijiipetti1433
      @jijiipetti1433 ปีที่แล้ว

      A lot of cities basically outlawing short term rentals and operations like air bnb. My friend bought a home to air bnb and now can't.

  • @vignesh54321
    @vignesh54321 ปีที่แล้ว

    great video!

  • @uniqueone8928
    @uniqueone8928 3 ปีที่แล้ว +1

    Thank you!

  • @eishaacatubig9812
    @eishaacatubig9812 3 ปีที่แล้ว +1

    Truly u are a successful businessman. This is the best advice i ever heard. Thank u. 💖🌹

  • @eversunnyguy
    @eversunnyguy 3 ปีที่แล้ว +5

    Great insights. You bring condensed wisdom here. I wish you could write a eBook with all your thoughts.!