I created an LLC & now I want to buy my 1st rental property. Do I buy the property under the LLC? Or buy under my name & put it under LLC after? I'm confused on when the LLC comes into play. Please explain, thank you so much.
I agree to most of your points in the video. However, this doesn't work in Canada. Our maximum years of mortgage is 5 years, that gave us super high interest rate risk. If it increases then you could easily get blown out by outsized mortgage payments. Also consider how crappy and partisan our laws protect tenants, you could easily get a guy who goes in your home and not paying rent, while no one can prosecute or vacent the guy. It's safe to say there's no net positive returns on rental properties in Toronto now.
Thank you for perspective!!! I believe in discipline execution which allows me to build wealth in investing in turnkey multifamily properties. Getting paid in passive income in my opinion will protect you from investing in the volatility of the stock market's losses and gains
Skyrocket IF Tennants pay, IF nothing breaks, IF they done trash it, IF rates don't go up. There's so much risk. I do get the benefits but don't oversell it to people.
Hey Sean can I have a small loan of a million dollars? You said you have 5 million today in this video right? What's a million to you if you have 5, right? 😅
i am 17 years old and your videos helped me so much because I relay love real estate
Keep on learning!
Eh my first rentals water heater going out made me lose a year of cashflow. “Skyrocket” is a bit aggro here but sure it’s good debt leverage
A water heater? Come on bro they cost like $700..
I created an LLC & now I want to buy my 1st rental property. Do I buy the property under the LLC? Or buy under my name & put it under LLC after? I'm confused on when the LLC comes into play. Please explain, thank you so much.
Great explanation, Sean!
Hey, thanks!
I agree to most of your points in the video. However, this doesn't work in Canada. Our maximum years of mortgage is 5 years, that gave us super high interest rate risk. If it increases then you could easily get blown out by outsized mortgage payments. Also consider how crappy and partisan our laws protect tenants, you could easily get a guy who goes in your home and not paying rent, while no one can prosecute or vacent the guy. It's safe to say there's no net positive returns on rental properties in Toronto now.
Wass good sean
Appreciate you watching!
You can sell options against your stock holdings.
Sell options is similar to collecting rent.
Thank you for perspective!!! I believe in discipline execution which allows me to build wealth in investing in turnkey multifamily properties. Getting paid in passive income in my opinion will protect you from investing in the volatility of the stock market's losses and gains
Skyrocket IF Tennants pay, IF nothing breaks, IF they done trash it, IF rates don't go up.
There's so much risk. I do get the benefits but don't oversell it to people.
3rd one here
hi :3
Hi :>
@DRAGON12321-g meow :3
5th here
Hey Sean can I have a small loan of a million dollars? You said you have 5 million today in this video right? What's a million to you if you have 5, right? 😅
net worth :)