r o c k y that’s awesome!! The earlier you can start the better. I have made money online and I wanted it to work for me, not just sit there, that’s why I’m investing now
- Make a Plan - Choose your market - Build your team 3:59 - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage
I felt the same way until I found this channel, he really is down to earth and gives great step by step advice th-cam.com/video/jNI-0juEpLc/w-d-xo.html
Ace well that’s just racist. Every race has a ton of scammers. Every been emailed by a Nigerian prince who needs your help? Or an Indian guy who wants to pay off your student loans?
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
Im 23 and just purchased my first home that im actually living in. Now wanting to purchase a couple of rental properties in the area which is a little scary but worth it.
Awesome, good job. I just bought my first home, 21. $45,000 for house, 1.5 acres and old barn. And put 9k down on it. Goal is to have this fixed up and paid off in 3 years, then buy another fixer up, and rent this one out. By age 30, I want to own at least 3 homes, and rent two out, then keep adding up from there, I want at least 10 rentals before I quit full-time job.
dont be scared - just tap into your local REIA group and network within the community with like minded investors that you can lean on if times get tough...
Seems there is a perception by many that real estate is the best way to build wealth, after all, the past few years have resulted in extraordinary appreciation. Those price gains are unlikely to continue and the risk of a down cycle is increasing. While real estate is a great way to diversify a portfolio and hedge inflation, the article points out the advantages of investing in equities. Granted, equity markets fluctuate but over time, a low cost S&P 500 ETF will likely outperform. Finally, there are ways to invest in real estate without having to be a landlord and deal with the headaches that come with it.
I suspect that real estate will be impacted by the current inflation. Starting in 2019 housing prices started to increase and since then they have continued to increase in 2020, 2021, & 2022. Will this increase continue? Who knows. But many of the current purchases are for cash and the fact that interest rates are rising doesn't have quite the impact on cash purchases. Although those paying cash may begin to realize that their money could earn more with short term investments in fixed rate items. Generally trees don't grow to the sky so use some common sense.
@@Gbdnd I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@AyaanFarax223 Really acknowledged your comment, My portfolio grew by 1,000% within 8 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
I bought my first rental at 27. It's worth less than I paid for it. It only cash flows $100 per month and I have about $5,000 in maintenance that I need to pay. Back to the stock market I go!!
robbybaby1200 Build up your credit and save capital for your first investment. Most banks require 20% down on investment properties. Study your market while you’re working on the credit and capital. Good luck.
David Grant if you don’t mind can you tell me how you started..I currently have a 730 credit score and I’m interested in using my credit to get into rental any advice?
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands.
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
Yes and no. When you start out the greatest problem is usually money. So doing everything yourself helps with that issue...….But after everything is up and running the greatest issue is time - so then you want to sub out as much as possible
Great advice! These 8 steps are simple, not easy, but totally worth it! My families financial picture massively shifted when we went from flipping to purchasing rental properties several years ago. There is no better way for the average person to build wealth (relatively quickly)!
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
Purchasing my new property this weekend. Bought my first two properties when I was 21 and sold them a few months later because I didn’t know what I was doing. But I’m much more knowledgeable and ready now. Time to own the South African market again!
This is exactly why i drive an old car and still have a high paying job. While everyone else is busy 'working' for big corporations by buying their expensive products and servicing them, i'm paying myslef first! By investing :) be smart and do the same people.
completely agree. Im about to graduate University and see many of my friends driving new cars they cannot afford, just to impress and look good. I much rather invest and not live pay check to pay check.
How do you know what everybody else is doing? I work for a big corporation, and I also buy loads of gadgets but I also invest. So I ask you what's the point of your statement?
Thank you for the invaluable insights on property investment! Your expertise shines through in every video, making complex concepts easy to understand. Your dedication to educating your audience sets you apart, and I'm constantly inspired by your commitment to helping others build wealth through real estate. Keep up the fantastic work - you're truly making a difference in people's financial futures!
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
Amazing, I quit school in 6th grade because the 10 multimillion properties i managed weren’t enough for me. I went on to owning Walt Disney and planet Earth and get paid infinite amount of money every month.
As I was gonna start kindergarten I dropped out cause child care was ruining my family so I started working in sweat shops getting paid pennys to nothing but I managed to save and I took a smarter route purchasing mansions and renting them out all from a book I ate called real easate for dummies and from doing this I Know if I Can Do It So Can You
When I was in my mama tummy, I was already a real estate investor. I popped out and bought 5 houses already. Life is good. Now I really can't tell which one is real.
What happens if the rental property needs fixing up (changing the roof, flooring etc) where does the money to do the repairs come from? Do you include it in the loan or is it your own money?
Seems like the best way to accomplish alot of these smaller goals is to join a local RE investing organization and start networking. They usually have alot of good property leads as well.
I'm 17 and about to graduate high school but don't have much in savings and have no credit or money. I also live in an expensive area (NYC suburbs) so I'm considering building savings for a few years and buying properties when I graduate college in a few years at 20 (started CC early with a lot of credits). I'm thinking of moving to SW Florida, Houston, or Phoenix and investing there since most properties are cheaper than where I live and the populations are growing significantly in these areas.
Brandon Turner. If your story is true, you are living out the life I am currently praying and working for. Thank you for sharing to the internet. Many will watch, few will act. I am few. Thank you.
Adam Dyer that was because of bad written mortgages that were supposed to be backed and sold off. It’s not the people who bought the houses. It was bad contracting from the Wizard of Oz institutions....
Yeah great good for you. OK but I just don’t have all the Caple you have. What about just a little people trying to get some extra income. I just wanted to find out about find the first property.
How do you go about investing into property if you’ve have unfortunately dig yourself into a credit hole. Is there a way to invest and get approved for loans for property rentals even with bad credit?
Step #1: Make a plan. Everything starts with a plan. One cannot do anything purposeful without a plan. The bigger one's goals are, like attaining financial freedom, the more one needs a plan and a more detailed one at that. At 2:26.
Real estate investing is the way to go to build wealth. Rent it out and generate cash flow. Use the rent payment and cash flow to pay off the mortgage quick, then sell the house. You never ever have to put in your own money at all! Profit $$$ in ten years or less.
If you’re a current landlord or possibly looking to delve into the world of becoming a landlord… Come check out my website. I come from decades of working at the large, national and statewide Property Management organizations. I teach small landlords all the business practices that we train our leasing and management staff on , such as proper documentation to avert fair housing allegations, thorough application processing procedures, safety protocol when showing apartments, marketing and advertising dos and donts, resident retention ideas, and more.
I have a rental property and it has made me second guess this route. I think people sell it as easy and fast. I think stressing the need for research, homework and realistic expectations.
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
I can't believe I was able to have $30000 worth of Bitcoin in just one month and half of trading with expert Mr Nicholas Barron trading services. Come across some nice comments about him on TH-cam and I give it a shot. I don't believe in Bitcoin before
I'm also benefiting from Mr Nicholas Barron trading services. I was afraid investing with his platform until I got confused by my friend who link me up with him and since then I've been earning at least $5,400 profit weekly from every $1000 I invested with him
I lost about $4000 to scammers before I was referred to Mr Nicholas Barron trading service believe me he help me recover the $4000 I lost by the scammer and made me an extra profit of $13000 in the space of one week and three days after trading with our broker
Wow man you're such a great storyteller. Love how you told your own story in the 3ed person then revealed it was you at the end. That was so dramatic and inspiring. I want your life man! (And your beard)
This is a Nice video.... So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy
Wow!!! WTF??? Dude, I just got back from Barnes and noble and brought your RENTAL PROPERTY INVESTING book today! Now I’m on the toilet and decided to watch some videos(LOL). I click on the first vid I see, which is this one here......and you say your name! 😧 SO BIZARRE! So dope
Typically after mortgage and property management fees, there is only enough money left to pay the property tax. Please give us some pointer on how to increase the margin while using property management service.
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her. She helped me recover what I lost trying to trade my self
Thanks for introducing me to Mrs Patricia My first investment with Mrs Patricia gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Yes I' m also a living testimony of expert Mrs Patricia , Mrs Patricia has changed my financial status for the best.all thanks to my aunty who introduced her to me
Who's this professional everyone is talking about I always see her post on top comment on every TH-cam video I watched, I think I'm interested how can I get in touch with Mrs Patricia
Hi Brandon. Thank you so much for the great informative video. I made written notes of the 8 steps and watched your video twice to understand. Just wanted to know if Step 4 (Figure out your financing) could be the first step. Because if we know how much money we can get from bank or other sources we can plan to buy properties worth that money.
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
This is the thing I've rented out properties in the past. For my own property but I don't have those properties anymore salon flyers kind of curious about this. I'm just curious I tell if someone wants 200 a month how much would they have to spend? Is it like 20,000 or what what would the what do people usually spend?
Working construction I've been laid off quite a bit this last year, I need steadier employment to get approved for a loan and currently working on my credit to get approved for a two or three family home.. I read that by living there your interest rates are far better. I think that's where I'll start. I cant keep working a job I hate.
Before you purchase a rental property you want to create an asset protection strategy to protect your assets in case of a lawsuit or divorce. You don't want to end up like a colleague of mine who got sued with the judgment exceeding his insurance policy limits and having the equity stripped from his homes.
I don't invest in real estate because I don't know how to fix houses which means I'll have to pay contractors tons to do the work and it'll eat up my profits. That's my only concern.
What should I do for my first property? I've been considering it for 5 years and I'm finally wanting to execute the plan but my first rental, what should I be looking at?
hey im 14 and I want to be just like you. ive been doing research for the past month. I live in the bay area too so i think im in the perfect place. im not sure how to get started. when i get older if i still want to do this can u help me out. im a good kid and i get good grades.
Hey buddy, it’s good that you’re already trying to educate yourself in financial freedom! Go to biggerpockets.com and talk to people there. Create an account and ask questions. By the time you’re of age and have the money you’ll hit the ground running! Good luck!
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
Old video but figured I would ask. I am 34 and renting an apartment that I like. But looking at buying my first place but only to rent it out. Can I use a conventional loan to buy my first place only to rent it out immediately or must I live in it first for a year?
Seek to understand as much as possible about the market: -where do people like to live? -where are property prices higher? Where are they lower? -What are rent prices? -Crime? Build up your real estate team Core Four -Real Estate Agent to help you find deals -Lender for best financing -Property manager advise on best neighborhoods -Contractor to work on property Recommendations Figure out your financing options Start getting leads Start analyzing deals Math overcomes fears, do the math & the math will dictate what makes a good deal Offer & negotiate Close and manage
Great video. Question how do you keep buying homes. Loan officer said only option for me is to put down 30k. I don’t have that much each time to purchase. Any advice would be much appreciated
Manu Alexander no way! I buy houses in full for less than 50k and make awesome returns on them. My tenants pay all my bills associated with the properties and we have them paid off inside of 4yrs. Be comfortable with the market(s) you want to buy in. But don’t count out markets simply because they are not near you. I also work with several out of state and out of country investors who need advice/help with finding their properties in my area.
video starts at 2:27
Not all heroes wear capes.
no no no this guy gets you hyped at the beginning.
Lmao tyvm
not all heroes wear capes
Lol
I am 17 and just bought my first house to use as a rental property. I wanted to start early because I think it’s smart.
I’m 16 and would like to do the same
r o c k y that’s awesome!! The earlier you can start the better. I have made money online and I wanted it to work for me, not just sit there, that’s why I’m investing now
How’d you make the money?
Hey how are things going with your rental?
How’s it gone
- Make a Plan
- Choose your market
- Build your team 3:59
- Figure out Your Financing
- Start getting leads
- Analyze deals
- Offer and Negotiate
- Close and Manage
Jam I just took a snapshot of this comment lol thanks
Shut up
Jam what do you mean build a team like a bussiness partner?
Peter Smith I’m assuming real estate agents, lawyers, lenders, property management and befriending other real estate investors.
redgear4566 gottcha
Bought my first rental prop at 20. 4 bed single family home. $103k, now valued at $265k with $40k in updates(all profit from renters).
how did u buy?
mummy and daddy hand outs @@movies8682
This is the most general advice I have ever seen and seems nothing more thatn you trying to sell a dream and sell your book.
Correct !
I felt the same way until I found this channel, he really is down to earth and gives great step by step advice th-cam.com/video/jNI-0juEpLc/w-d-xo.html
From the stand point of someone who had no idea how to even start, I think it was a great video. We all have to start somewhere.
Who knows maybe if we dig deeper , he might not even own 1 house in his name , lol
Ace well that’s just racist. Every race has a ton of scammers. Every been emailed by a Nigerian prince who needs your help? Or an Indian guy who wants to pay off your student loans?
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
That's right sir.
Investment should be what every wise person should engage in.
Yeah. Poor people plays the game not to lose because they don't have much to lose on the same game.
So they have to be sure
@@patersondavis3858 lol that's true.
Purchased my first home in SC at 22, husband got stationed in NC so we're renting it out. We're closing on our second home tomorrow!
How did you guys rent it out? Did you use a property manager?
@ we ALL care…that’s why we’re here, beloved
Update? How are things going for you now?
@lm12cm Sorry, just seeing this and, yes. Property managers have been wonderful
@@Berta2real I knoww
Im 23 and just purchased my first home that im actually living in. Now wanting to purchase a couple of rental properties in the area which is a little scary but worth it.
delores delores do it! I’m 40 and just purchased my first rental. It’s never too late or too early!
How much did you put down on the house?
Bought out right in Springfield, MO. $30k. For a run down house from 1928 with an extra lot.
Awesome, good job. I just bought my first home, 21. $45,000 for house, 1.5 acres and old barn. And put 9k down on it. Goal is to have this fixed up and paid off in 3 years, then buy another fixer up, and rent this one out. By age 30, I want to own at least 3 homes, and rent two out, then keep adding up from there, I want at least 10 rentals before I quit full-time job.
dont be scared - just tap into your local REIA group and network within the community with like minded investors that you can lean on if times get tough...
Should we wait to see how the market plays out?’ I live in Arizona, and want to purchase a rental home in Texas. Is this a good time?
Seems there is a perception by many that real estate is the best way to build wealth, after all, the past few years have resulted in extraordinary appreciation. Those price gains are unlikely to continue and the risk of a down cycle is increasing. While real estate is a great way to diversify a portfolio and hedge inflation, the article points out the advantages of investing in equities. Granted, equity markets fluctuate but over time, a low cost S&P 500 ETF will likely outperform. Finally, there are ways to invest in real estate without having to be a landlord and deal with the headaches that come with it.
I suspect that real estate will be impacted by the current inflation. Starting in 2019 housing prices started to increase and since then they have continued to increase in 2020, 2021, & 2022. Will this increase continue? Who knows. But many of the current purchases are for cash and the fact that interest rates are rising doesn't have quite the impact on cash purchases. Although those paying cash may begin to realize that their money could earn more with short term investments in fixed rate items. Generally trees don't grow to the sky so use some common sense.
@@Gbdnd I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@AyaanFarax223 Really acknowledged your comment, My portfolio grew by 1,000% within 8 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@@AyaanFarax223 Through her you can get strategies designed to address your unique long-term goals and financial dreams.
What about international markets such as Colombia
Closing on my 2nd rental in less than 30 days. Whoop whoop
Jason Adkins what's you first?
@@raykingsterling6939 My 1st rental is a 3 bedroom 1 house single level.
Rehabed and tenants are moving in on December 1st.
@Jason Adkins - have you made it to your 3rd yet? how are the first to coming along?
I am hoping to get my 3rd in March.
I bought my first rental at 27. It's worth less than I paid for it. It only cash flows $100 per month and I have about $5,000 in maintenance that I need to pay. Back to the stock market I go!!
Working on my second property right now. Goal is 50 rentals in 5-7 years. Love your vids
David Grant what kind of property do you have? Is it a lot? A house? Or?
AC Hustle probably not a lot lol
robbybaby1200 I’d say yes!!!! Build credit and save
robbybaby1200
Build up your credit and save capital for your first investment. Most banks require 20% down on investment properties. Study your market while you’re working on the credit and capital. Good luck.
David Grant if you don’t mind can you tell me how you started..I currently have a 730 credit score and I’m interested in using my credit to get into rental any advice?
*if you give people multiple opinions, they tend to choose between the options rather than thinking yes or no* wow! Brilliant tip! ✨
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands.
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
finally someone that can actually teach you something instead of trying to get views and subscribers
Truth be told, I have my portfolio managed by an investment broker, with her help i was able to make huge profits from my investments.
@@driftgod7894 i ll love to know about her and preferably get to try it out.
@@NathanLewis7871 You can look her up online, her name is FREDA LYNN JOHNSON. She does a very nice and thorough job
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
Yes and no. When you start out the greatest problem is usually money. So doing everything yourself helps with that issue...….But after everything is up and running the greatest issue is time - so then you want to sub out as much as possible
Great advice! These 8 steps are simple, not easy, but totally worth it! My families financial picture massively shifted when we went from flipping to purchasing rental properties several years ago. There is no better way for the average person to build wealth (relatively quickly)!
@@kabutoyakushi6618 I totally agree, if you don't know what you're doing...
My first year doing it. Start small grow big - it's easy to get overwhelmed. I started w. A literal tiny home.
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
Zactly what I did
Exactly! Get rich SLOW! It's not as sexy, but the most effective way to do it!
Purchasing my new property this weekend. Bought my first two properties when I was 21 and sold them a few months later because I didn’t know what I was doing. But I’m much more knowledgeable and ready now. Time to own the South African market again!
This is exactly why i drive an old car and still have a high paying job. While everyone else is busy 'working' for big corporations by buying their expensive products and servicing them, i'm paying myslef first! By investing :) be smart and do the same people.
completely agree. Im about to graduate University and see many of my friends driving new cars they cannot afford, just to impress and look good. I much rather invest and not live pay check to pay check.
How do you know what everybody else is doing? I work for a big corporation, and I also buy loads of gadgets but I also invest. So I ask you what's the point of your statement?
Do both invest and live at the same time. Live while you still have testosterone
You can do both... my aunt has a 911 gts but also has 4 rental properties and a share of her company
Same here dear!! I can careless about the expensive cars
Thank you for the invaluable insights on property investment! Your expertise shines through in every video, making complex concepts easy to understand. Your dedication to educating your audience sets you apart, and I'm constantly inspired by your commitment to helping others build wealth through real estate. Keep up the fantastic work - you're truly making a difference in people's financial futures!
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
Amazing, I quit school in 6th grade because the 10 multimillion properties i managed weren’t enough for me. I went on to owning Walt Disney and planet Earth and get paid infinite amount of money every month.
@@trenton1 can’t tell which one is real
As I was gonna start kindergarten I dropped out cause child care was ruining my family so I started working in sweat shops getting paid pennys to nothing but I managed to save and I took a smarter route purchasing mansions and renting them out all from a book I ate called real easate for dummies and from doing this I Know if I Can Do It So Can You
When I was in my mama tummy, I was already a real estate investor. I popped out and bought 5 houses already. Life is good. Now I really can't tell which one is real.
Core 6
5. Lawyer (Closing, Contracts, etc..)
6. CPA (Real Estate Accountant)
Very good point
What happens if the rental property needs fixing up (changing the roof, flooring etc) where does the money to do the repairs come from? Do you include it in the loan or is it your own money?
Very well explained Brandon
Respect from Pakistan 🇵🇰
Seems like the best way to accomplish alot of these smaller goals is to join a local RE investing organization and start networking. They usually have alot of good property leads as well.
totally agree
I love how you make learning enjoyable and easy to follow.
I'm 17 and about to graduate high school but don't have much in savings and have no credit or money. I also live in an expensive area (NYC suburbs) so I'm considering building savings for a few years and buying properties when I graduate college in a few years at 20 (started CC early with a lot of credits). I'm thinking of moving to SW Florida, Houston, or Phoenix and investing there since most properties are cheaper than where I live and the populations are growing significantly in these areas.
Brandon Turner. If your story is true, you are living out the life I am currently praying and working for. Thank you for sharing to the internet. Many will watch, few will act. I am few. Thank you.
How’s it going so far
I should of said no to drugs
Yup. I just did and things are looking up. Never too late
You "should have" or 'should've'.
Never use "Should of" as it is incorrect.
Don’t be a Puto! Step up your game and sell drugs now that you know the market.
Me to. But hey it's never to late.
never too late bro
Buying my first rental property next year. Can’t wait
For everyone asking "what do I do now"... the answer is, go buy a house.
Michael Simolke this is what causes markets to crash
@@ATLFUNKCARTEL how does that make market crashing?
css403 people buying things they can’t afford and racking up a ton of debt. Look at what caused 2008 recession.
Adam Dyer that was because of bad written mortgages that were supposed to be backed and sold off. It’s not the people who bought the houses. It was bad contracting from the Wizard of Oz institutions....
@@youngkey3051 Amen! They gave out mortgages like the sample people at the grocery store.
Yeah great good for you. OK but I just don’t have all the Caple you have. What about just a little people trying to get some extra income. I just wanted to find out about find the first property.
The first three minutes of this video can be skipped
Why? I found it interesting lol
How do you go about investing into property if you’ve have unfortunately dig yourself into a credit hole. Is there a way to invest and get approved for loans for property rentals even with bad credit?
Step #1: Make a plan.
Everything starts with a plan.
One cannot do anything purposeful without a plan. The bigger one's goals are, like attaining financial freedom, the more one needs a plan and a more detailed one at that.
At 2:26.
Great video. Helped me start my business. "where ya goin' Jack & co." 👍
Real estate investing is the way to go to build wealth. Rent it out and generate cash flow. Use the rent payment and cash flow to pay off the mortgage quick, then sell the house. You never ever have to put in your own money at all! Profit $$$ in ten years or less.
Just bought my first 4 unit for 55k it's 4 efficiency apartments at 350 a month that are in ok shape for the area but we all start somewhere
If you’re a current landlord or possibly looking to delve into the world of becoming a landlord…
Come check out my website. I come from decades of working at the large, national and statewide Property Management organizations. I teach small landlords all the business practices that we train our leasing and management staff on , such as proper documentation to avert fair housing allegations, thorough application processing procedures, safety protocol when showing apartments, marketing and advertising dos and donts, resident retention ideas, and more.
All I can say is, Thank you! I have learned so much for free here!! It is definitely worth every second I spend here
if you found this video you on the right step. the next step is taking action.
I really like these short videos that get straight to the point in a short amount of time. Keep em coming!
Yes! We really like them too!
I am trying to be that second guy! I have 3 rental properties at 32 years old and hope to buy a new rental property every single year!
Im inspired 😊 at age 24 i started with 7 rental units.. Hoping i can expand
Can you tell me how you started with 7 units?
@@fatbabyjesus7387 hello! I started with a salary loan
@@geyjune1551 hey, how has it gone?
@@boywithbali3830 its still operating, were planning to expand this year,
@@geyjune1551 awesome, I hope you can keep growing 👍👍
I have a rental property and it has made me second guess this route. I think people sell it as easy and fast. I think stressing the need for research, homework and realistic expectations.
Professional guidance brings about remunerative results. Great job Payden, you exceeded my expectations. Thank you.
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
I can tell you personally that this is nothing but the truth. If I hadn’t gotten expert guidance, I wouldn’t have made it this far.
All said and done you need to start saving for seed money first. Most Americans spend first save later.
Hello what is the best way to get started with bitcoin investment or Forex trade cos I have been making my personal research for a while now
That is true you need an expert broker an account manager to make good profit from bitcoin trade
I can't believe I was able to have $30000 worth of Bitcoin in just one month and half of trading with expert Mr Nicholas Barron trading services. Come across some nice comments about him on TH-cam and I give it a shot. I don't believe in Bitcoin before
I'm also benefiting from Mr Nicholas Barron trading services. I was afraid investing with his platform until I got confused by my friend who link me up with him and since then I've been earning at least $5,400 profit weekly from every $1000 I invested with him
Mr Nicholas Barron is obviously the best broker I invested $3000 with him I made a profit of $20000 on a short-term it was mind-blowing
I lost about $4000 to scammers before I was referred to Mr Nicholas Barron trading service believe me he help me recover the $4000 I lost by the scammer and made me an extra profit of $13000 in the space of one week and three days after trading with our broker
I'm hoping to start on that trajectory within a year or two. Passive income through real estate investment is where it's at!
I was the first guy, trying to now become the second guy...
Danny 303 Assign v. Double Close
th-cam.com/video/eBtxdJAIcf8/w-d-xo.html
I’m the 4rth 😂 you from Colorado 2? I was thinking about buying in Texas
Danny 303 ha ha. That’s how I got here too
Danny 303
Yes, I know the feeling
Just little late in the game,
in Kalifohnia👌🏽😉
Do your credit score have to be the best?
Wow man you're such a great storyteller. Love how you told your own story in the 3ed person then revealed it was you at the end. That was so dramatic and inspiring. I want your life man! (And your beard)
I like your intro it was like a real story but really intriguing that you almost made it like about thiis random guy really creative
This is a Nice video.... So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy
Mrs Lisa is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
Her success story is everywhere
Seeking for her contact details👇
+ 1 (5 0 5) 3 9 3 7 6 5 3🇱🇷
+ 1 (5 0 5) 3 9 3 7 6 5 3🇱🇷
Wow!!! WTF??? Dude, I just got back from Barnes and noble and brought your RENTAL PROPERTY INVESTING book today! Now I’m on the toilet and decided to watch some videos(LOL). I click on the first vid I see, which is this one here......and you say your name! 😧 SO BIZARRE! So dope
Typically after mortgage and property management fees, there is only enough money left to pay the property tax. Please give us some pointer on how to increase the margin while using property management service.
Man you have changed my perspective on life! Priorities first! Thank you so much Mr. Brandon Turner!
100% my plan for after high school
Legit just got out of highschool, and plan to get started sometime next year, hope it goes well for you!
I'm planning to move to Texas from Norway, to Bye. 3 homes to rent out 2 of them. ^^ DefiniteLy gonna need some help later on.
I love these videos. They are very honest and inspirational.
Lol inspirational? Yes. Honest? Not at all
So should your first property be a rental or should it be the home you live in?
Mrs Patricia is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her.
She helped me recover what I lost trying to trade my self
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Patricia
I think she is the best broker I ever seen
Thanks for introducing me to Mrs Patricia
My first investment with Mrs Patricia gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Yes I' m also a living testimony of expert Mrs Patricia , Mrs Patricia has changed my financial status for the best.all thanks to my aunty who introduced her to me
Who's this professional everyone is talking about I always see her post on top comment on every TH-cam video I watched, I think I'm interested how can I get in touch with Mrs Patricia
Hi Brandon. Thank you so much for the great informative video. I made written notes of the 8 steps and watched your video twice to understand.
Just wanted to know if Step 4 (Figure out your financing) could be the first step. Because if we know how much money we can get from bank or other sources we can plan to buy properties worth that money.
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
I have a better option for you if you want to increase your money
by "buy" rental property, do you mean actually buy the entire price tag? Or just borrowing money and renting out the house the bank actually owns.
Lots of great info at a fast pace. Had to rewind multiple times for some notes.
This is the thing I've rented out properties in the past. For my own property but I don't have those properties anymore salon flyers kind of curious about this. I'm just curious I tell if someone wants 200 a month how much would they have to spend? Is it like 20,000 or what what would the what do people usually spend?
How does the bank approve you for a loan for multiple houses?
Cami Cane I’m using a cash out refi on my first house. This will pay off my second investment property I will close on in two weeks. Hope this helps
jvaldez5 hello ! Do you have an Instagram I want to learn from you , I’m 17
I almost started to cry when he said keep going
Just paused the video to write this comment. GREAT intro to the video about the 2 guys. Great content. Continuing now.
This is it. I'm gonna use my first job to get me some capital to be able to get started.
I blew all my money on a degree. Now I'm ready to actually make money on rentals, that I didn't need a degree for.
Lol so many of us
Join the club 😆
Lol that’s college for you
Working construction I've been laid off quite a bit this last year, I need steadier employment to get approved for a loan and currently working on my credit to get approved for a two or three family home.. I read that by living there your interest rates are far better. I think that's where I'll start. I cant keep working a job I hate.
Before you purchase a rental property you want to create an asset protection strategy to protect your assets in case of a lawsuit or divorce. You don't want to end up like a colleague of mine who got sued with the judgment exceeding his insurance policy limits and having the equity stripped from his homes.
I don't invest in real estate because I don't know how to fix houses which means I'll have to pay contractors tons to do the work and it'll eat up my profits. That's my only concern.
This is why condos are a great choice to start
What should I do for my first property? I've been considering it for 5 years and I'm finally wanting to execute the plan but my first rental, what should I be looking at?
thank you so much for making real estate easier to comprehend. cheers
Checked out the Biggerpockets website and basically in the fine print you have to pay them after using their stuff five times. Your call though.
Need good credit to do this. I’m giving myself a year
I read your book. It was great. I'm going to reread it again before I jump into my first property. This coming year.
hey im 14 and I want to be just like you. ive been doing research for the past month. I live in the bay area too so i think im in the perfect place. im not sure how to get started. when i get older if i still want to do this can u help me out. im a good kid and i get good grades.
I know alot of people that are blind to making money this way just like my parents
Hey buddy, it’s good that you’re already trying to educate yourself in financial freedom! Go to biggerpockets.com and talk to people there. Create an account and ask questions. By the time you’re of age and have the money you’ll hit the ground running! Good luck!
Was up I’m 13 and I’m from the bay too
Lmao investing in the bay as a newbie?! GOOD LUCK... youll need it
How do you get started? Easy, get a job and start saving.
Great Brandon!
I’m 19 and I’m already looking to build a team to buy rental properties 🤝💪🏼💪🏼💪🏼 glad to have build my financial IQ and I’m ready to take action
Informative.... Thanks 💎
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
If you liked his video you will also like this one, I learned a lot here th-cam.com/video/jNI-0juEpLc/w-d-xo.html
Please make a video on pros and cons in investing property in a different state
Awesome advice. Thanks will be following all videos and I need all your books
Do i have to refi my current mortgage into an investment property mortgage? Not feeling those higher rates. 🤔
do we need a beard to be successful at this?
Yes
it is my understanding, the more successful you become, the more beard you will unlock....
Lol
I'm a woman, do I need a beard?
Yes it's mandatory
Just learned about this what should be my first step ?
melt credit cards, pay off debt, save money. Own your house, then keep your job and get another mortgage and live in either and rent out the other.
I shouldn't have bought that motorcycle
Scott Stewart always buy a motorcycle
yeah always buy a motorcycle
Selling myne to have more money for rentals to make money for better motorcycles😂
What if you made the motorcycle come with the rental property? 😉
Old video but figured I would ask.
I am 34 and renting an apartment that I like. But looking at buying my first place but only to rent it out. Can I use a conventional loan to buy my first place only to rent it out immediately or must I live in it first for a year?
Great vid man! I’m starting to do more research, eventually have to make the jump to actually looking at properties
Seek to understand as much as possible about the market:
-where do people like to live?
-where are property prices higher? Where are they lower?
-What are rent prices?
-Crime?
Build up your real estate team
Core Four
-Real Estate Agent to help you find deals
-Lender for best financing
-Property manager advise on best neighborhoods
-Contractor to work on property
Recommendations
Figure out your financing options
Start getting leads
Start analyzing deals
Math overcomes fears, do the math & the math will dictate what makes a good deal
Offer & negotiate
Close and manage
Thank you for this video sir. I look forward to getting into real estate and these tips are awesome!! Thanks again.
Sir i have one more option for you if you are interested then let me know
I'm 19 and planning on buying a duplex and house hack! and then get more!
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Im story one that wants to be story two. I’ll be watching all these videos sold my 40k car now I’m driving a 300$ car.
good video but focusing most of it on purchasing of the house. Need more into managing the rental property and tax perhaps?
Great video. Question how do you keep buying homes. Loan officer said only option for me is to put down 30k. I don’t have that much each time to purchase. Any advice would be much appreciated
Manu Alexander no way! I buy houses in full for less than 50k and make awesome returns on them. My tenants pay all my bills associated with the properties and we have them paid off inside of 4yrs. Be comfortable with the market(s) you want to buy in. But don’t count out markets simply because they are not near you. I also work with several out of state and out of country investors who need advice/help with finding their properties in my area.
I’ve had this same question. I’m ready to invest but at 20% down for investment loans sucks.
You don’t have to buy in your area, looking for surrounding areas for cheaper. But honestly 30k is pretty reasonable for this
Thanks for the video 📹