Love watching both of you on the podcast. I'm a newbie that been watching continuous videos on real estate...but need some guidance from someone to start my first buy and hold deal. How do you calculate a property to know it's a deal???
Great episode! Creative finance will be a great tool if you’re looking to get into deals without putting 20% down. My last deal I brought in a bank for 75% and then seller financed the remaining 25%. Opportunities like this are everywhere! From what I’ve experienced, building good rapport with the seller is crucial when you’re looking to have them finance for you.
The fact that inflation is depleting my cash reserves makes me worry more. I now require precise market trajectory data, but I'm unsure of the appropriate course of action.
I completely agree and have been in contact with a financial analyst ever since covid. Nowadays, buying into trendy stocks is really simple; the challenge is knowing when to purchase and sell. I've accumulated over $550k from an initially dormant reserve of $150K, and my adviser decides entry and exit instructions on my portfolio.
My name is Lionel Saint. I’m 28 years old, and I live in Gatineau, Quebec, Canada. I recently visited a city in New York called Ogdensburg. I was really impressed with the low prices of the properties. I have always been interested in real estate, and I think this is a good opportunity for me to start my journey. I found a property 4 units in good condition all being rented at moment. The cost of the property is $140000usd and all units make $1800usd a month. I contacted local banks in Canada that do business in Canada and all require 25 % down and for the moment I only have $25000cad.
omg ...taking out a loan on your property to rehab and try to get another property with high interest and cost of labor and cost of materials?? if it doesnt work out then you have to come out of pocket for the loss or risk losing your primary residence!! how is this good advice on any planet??
Found you guys on Spotify and Podcast just this month and you've been my commutes companion. I am beyond grateful to have found you. On the process of educating myself and hopefully sooner but not later I can start investing.
Podcast starts at 10:04 for those who want to cut to chase, skip all the small talk, high fiving, and ass slapping in the intro
The long intro lost me. Thank you!
lol, ass slapping 😂
Love watching both of you on the podcast. I'm a newbie that been watching continuous videos on real estate...but need some guidance from someone to start my first buy and hold deal. How do you calculate a property to know it's a deal???
Great episode! Creative finance will be a great tool if you’re looking to get into deals without putting 20% down. My last deal I brought in a bank for 75% and then seller financed the remaining 25%. Opportunities like this are everywhere! From what I’ve experienced, building good rapport with the seller is crucial when you’re looking to have them finance for you.
Excellent advice on the private money lending piece. Thanks Tony!
Looking to partner or network I have a market
❤❤❤
The fact that inflation is depleting my cash reserves makes me worry more. I now require precise market trajectory data, but I'm unsure of the appropriate course of action.
I completely agree and have been in contact with a financial analyst ever since covid. Nowadays, buying into trendy stocks is really simple; the challenge is knowing when to purchase and sell. I've accumulated over $550k from an initially dormant reserve of $150K, and my adviser decides entry and exit instructions on my portfolio.
Authorized by "Kristine Marie Brice" You may just do a search for her online because she has a presence there.
do u have any recommendation for mentorship program?
BiggerPockets has courses for Rookies and registration is open now! biggerpockets.com/boot
My name is Lionel Saint. I’m 28 years old, and I live in Gatineau, Quebec, Canada. I recently visited a city in New York called Ogdensburg. I was really impressed with the low prices of the properties. I have always been interested in real estate, and I think this is a good opportunity for me to start my journey. I found a property 4 units in good condition all being rented at moment. The cost of the property is $140000usd and all units make $1800usd a month. I contacted local banks in Canada that do business in Canada and all require 25 % down and for the moment I only have $25000cad.
omg ...taking out a loan on your property to rehab and try to get another property with high interest and cost of labor and cost of materials?? if it doesnt work out then you have to come out of pocket for the loss or risk losing your primary residence!! how is this good advice on any planet??
what is a hard money lender, and why is being in massive debt to aquire a possibly overpriced property a good thing??
Some people come from circles that have absolutely no money to lend and a lot of seekers and want bulk pay at once. What then?? LoL
Found you guys on Spotify and Podcast just this month and you've been my commutes companion. I am beyond grateful to have found you. On the process of educating myself and hopefully sooner but not later I can start investing.
Great Podcast!
Great episode.❤
This was a great episode! It included so much valuable information for rookies! Thank you Ashley, Tony, and BiggerPockets for answering my question! 🤗