Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like *Rosie Nolan Owen* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
You are absolutely right, we also have lot's of expert, real ones with certificate and firms IDS out there waiting for investors to invest and experience the best of trade.
You don’t seem to be factoring the costs of carrying the properties in your evaluations. Properties like this have very high annual property taxes, they have massive insurance costs, they have costs for security and monitoring, they have costs for housekeeping and landscaping while they are on the market, you still have to pay water/power. These costs add up to a lot over the course of a couple/few years.
The Aspen house is not really a case of genius flipping. He spent 21.7 million for the home, couldn’t sell it, and then listed it for $30k a month. $30k a month for a $21.7 million dollar home is really bad. That’s a maximum rental potential of 360k dollars a year-not including property management fees. It would take over 60 years for the home to pay him back. I would bet that the carrying cost of that home-taxes, HOA, insurance are probably over $30k a month.
Tbh, his purchase price is pretty great but sale price isn't necessarily. But the house choices are top tier, specially the Madonna house. Even the Park City house was featured on Enes' channel.
Good one Scott. I lived on the Biscayne Bay just across the Julia Tuttle Causeway(195) and go by Pinetree Dr all the time as my girl is an agent. Watched these properties progress for awhile and heard about all the drama you mentioned. You can see the three lots best from Collins Ave. Also, the Palm Island property really stands out as you drive across the MacArthur Causeway(395) further south. It really doesn’t seem to be very cool and slick Miami style architecture but huge is right. One of my places in Ft Lauderdale has a direct view from the 12th floor of the Bang Energy drink guy, Jack Owoc $40 mil home which seems way out line comp wise with the rest of the neighborhood there. Check that one out: 3052 N Atlantic Blvd FtL
$40M ??? What the heck ? I see this a lot in my neighborhood too. Lots of knockdowns then new home goes up. But the price jump on that Owoc home is INSANE
Love his aspen and park city properties. Aspen is weird.. Used to be ok. In last few years it’s become the billionaire playground.. Mr Netflix Reed Hastings is building 10 $100M spec houses..Steve Wynn just paid $100M in Aspen ..
11:44 He was also responsible for property taxes based on his purchase price. Last time I owned in Los Angeles it was 1.25% per year. It’s very different in the UK. I bought a freehold grade 2 terraced home with a garden walking distance to Portobello Road for £2.7mm in 2020. I have ZERO property taxes, no car and free basic healthcare. There is a one time stamp tax, but my Westminster Council rubbish collectors keep my street cleaner than Disneyland lol, and for that I pay approximately £1800 per year. Gosh. It really is cheaper living here than in Santa Monica. Amen. 🇬🇧
12:53. Theys what you think. And it’s a nice feature for skiers apre ski. Contains the wet. The most luxurious feature would be if it was ski in and ski out, but you would need it closer to actual mountains. 🇬🇧
You literally started the video by saying the guy has made a fortune flipping homes and how he’s been so successful “EVERY TIME”. You then proceed to show multiple properties where he’s either lost money or taken homes off the market because they didn’t sell. The guy is clearly terrible at home investing. Having a passion for something and actually being good at it are two totally different things…
14:35 Whaaaaaa? Thank god again I sold all three of my properties in 2020! And yes, I did it from overseas in order to stay here legally in the UK. Amen. 🇬🇧
Park City is one place To make investments I was just there Saturday . And in 2034 the Olympics will be in Utah and they will host for some of the events if you can do some air BNB s even if it didn’t have that in the future it is a hot spot especially during the ski season . And it’s beautiful country whether you ski or not there are plenty of things to do and the summer it’s cooler with perfect temperatures and you can hike and the fall colors are gorgeous.
Russ Weiner must have been well connected to start an energy company with $50, 000 and, becoming a billionaire from that business. He started as a vulture real estate businessman that bought distressed mansions below their real value. Today he is a regular real estate buyer, acquiring mansions at a fair price.
The aspen house is a head and chin scratcher to me. There is a reason for SLOPED roofs and it’s called SNOW. Good luck with that roof. My ex bought a mansion is Utah for about $20mm and it was huge. And had a flat roof. And yes, that roof caved in. 😂🤭🇬🇧
🤣 Love Russ’s Father. He’s been like a mentor growing up !!! He’s a Jwwew 😂😂😂 His Mom gave him $ to start Rockstar and Russ went too Marius with the idea but Marius said your crazy kid and that your fired 😂
B.S.!!!!! I don't believe the Weiner flips based upon what this video is stating. There are too many holes in the flips. YOU DO THE MATH! ...As much as I despise Ellen DeGeneres the way she flips IS THE TEMPLATE.
These are his baseball cards he doesn’t care if he wins or loses, he only cares that he wins more than he loses lol. The games you play as a bored billionaire
Whoever gets the divorce house is going to make him pay for that middle lot. He should have left the original properties there and rented them until the lot became available.
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Mary Patricia Hester is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessment, ensuring my trades decisions align with market dynamics for optimal returns.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
*I'm glad you made this video* it reminds me of my transformation from a nobody to good home, $89k biweekly and a good daughter full of love..
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born
Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like *Rosie Nolan Owen* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
You are absolutely right, we also have lot's of expert, real ones with certificate and firms IDS out there waiting for investors to invest and experience the best of trade.
You don’t seem to be factoring the costs of carrying the properties in your evaluations. Properties like this have very high annual property taxes, they have massive insurance costs, they have costs for security and monitoring, they have costs for housekeeping and landscaping while they are on the market, you still have to pay water/power. These costs add up to a lot over the course of a couple/few years.
The Aspen house is not really a case of genius flipping. He spent 21.7 million for the home, couldn’t sell it, and then listed it for $30k a month. $30k a month for a $21.7 million dollar home is really bad. That’s a maximum rental potential of 360k dollars a year-not including property management fees. It would take over 60 years for the home to pay him back. I would bet that the carrying cost of that home-taxes, HOA, insurance are probably over $30k a month.
He moved the historic part of the Miami Beach property toward the front of the property to create a gate, I was there a year ago
Tbh, his purchase price is pretty great but sale price isn't necessarily. But the house choices are top tier, specially the Madonna house. Even the Park City house was featured on Enes' channel.
As they say though, you make money on the buy
I think the bird streets one had some memorable marketing videos, is that the one Enes toured early in his channel?
Good one Scott. I lived on the Biscayne Bay just across the Julia Tuttle Causeway(195) and go by Pinetree Dr all the time as my girl is an agent. Watched these properties progress for awhile and heard about all the drama you mentioned. You can see the three lots best from Collins Ave. Also, the Palm Island property really stands out as you drive across the MacArthur Causeway(395) further south. It really doesn’t seem to be very cool and slick Miami style architecture but huge is right. One of my places in Ft Lauderdale has a direct view from the 12th floor of the Bang Energy drink guy, Jack Owoc $40 mil home which seems way out line comp wise with the rest of the neighborhood there. Check that one out: 3052 N Atlantic Blvd FtL
$40M ??? What the heck ? I see this a lot in my neighborhood too. Lots of knockdowns then new home goes up. But the price jump on that Owoc home is INSANE
Scott I’m so glad you’re getting higher veiws now
@@Viiraldogz me too!
I could think of worse things to be addicted to as a billionaire.
@@surfstarcc1 good point
Love his aspen and park city properties.
Aspen is weird.. Used to be ok. In last few years it’s become the billionaire playground.. Mr Netflix Reed Hastings is building 10 $100M spec houses..Steve Wynn just paid $100M in Aspen ..
Haven’t been to aspen yet… would like to vacation there one of these winters
11:44 He was also responsible for property taxes based on his purchase price. Last time I owned in Los Angeles it was 1.25% per year. It’s very different in the UK. I bought a freehold grade 2 terraced home with a garden walking distance to Portobello Road for £2.7mm in 2020. I have ZERO property taxes, no car and free basic healthcare. There is a one time stamp tax, but my Westminster Council rubbish collectors keep my street cleaner than Disneyland lol, and for that I pay approximately £1800 per year. Gosh. It really is cheaper living here than in Santa Monica. Amen. 🇬🇧
Congratulations
it seems he buys them really well but then gets way over his head on listing them way too high. Then it sits. Doesnt sell. and lowers the resale.
12:53. Theys what you think. And it’s a nice feature for skiers apre ski. Contains the wet. The most luxurious feature would be if it was ski in and ski out, but you would need it closer to actual mountains. 🇬🇧
so cool. thanks for sharing!
Thanks for watching!
You literally started the video by saying the guy has made a fortune flipping homes and how he’s been so successful “EVERY TIME”. You then proceed to show multiple properties where he’s either lost money or taken homes off the market because they didn’t sell. The guy is clearly terrible at home investing. Having a passion for something and actually being good at it are two totally different things…
This is what confused me.
14:35 Whaaaaaa? Thank god again I sold all three of my properties in 2020! And yes, I did it from overseas in order to stay here legally in the UK. Amen. 🇬🇧
He’s living the rockstar life
😂
Park City is one place To make investments I was just there Saturday . And in 2034 the Olympics will be in Utah and they will host for some of the events if you can do some air BNB s even if it didn’t have that in the future it is a hot spot especially during the ski season . And it’s beautiful country whether you ski or not there are plenty of things to do and the summer it’s cooler with perfect temperatures and you can hike and the fall colors are gorgeous.
🤣 Love Russ’s Father. He’s been like a mentor growing up !!!
He’s a Jwwew 😂😂😂
Russ Weiner must have been well connected to start an energy company with $50, 000 and, becoming a billionaire from that business.
He started as a vulture real estate businessman that bought distressed mansions below their real value. Today he is a regular real estate buyer, acquiring mansions at a fair price.
11:55 Park City is where my ex bought that flat roofed house before the roof caved in. 🤭🇬🇧
8:55 do not buy there angel. Just rent one for a weekend and you will totally be over it. 😂😁🙌🏼🇬🇧
$360,000 a year on 22 million isn’t great
WHO CAN AFFORD THESE HOUSES??!! You should do a video on the people who can afford these !
The aspen house is a head and chin scratcher to me. There is a reason for SLOPED roofs and it’s called SNOW. Good luck with that roof. My ex bought a mansion is Utah for about $20mm and it was huge. And had a flat roof. And yes, that roof caved in. 😂🤭🇬🇧
P.s I bet he rents it out too.
I imagine there was some significant holding costs and also property taxes paid
12:18 Hideous. What’s up with the now dated waterfall island right next to that curved feature in steel and blue? Just saying. 🇬🇧
Turning down that 60M offer on that Miami house is bonkers
Enes did a tour of that park city place I think
Wish I could get a hold of him. I’ve got some deals Russ might be interested in.
In a year he can pick up casa sienna.
🤣 Love Russ’s Father. He’s been like a mentor growing up !!!
He’s a Jwwew 😂😂😂
His Mom gave him $ to start Rockstar and Russ went too Marius with the idea but Marius said your crazy kid and that your fired 😂
Where are the billiard/game rooms? Home movie theater?
B.S.!!!!! I don't believe the Weiner flips based upon what this video is stating. There are too many holes in the flips. YOU DO THE MATH! ...As much as I despise Ellen DeGeneres the way she flips IS THE TEMPLATE.
These are his baseball cards he doesn’t care if he wins or loses, he only cares that he wins more than he loses lol. The games you play as a bored billionaire
Meanwhile I can't afford a basic house 😑
:(
If you save for a really long time and invest in bitcoin in a few years you'll be able to afford a new phone to watch home videos on.
I wouldn’t call flipping just 12 mansions over 20 years an addiction 🤷♂️
How does a wholeslaer get in touch with Russ Weiner? I have a ton of leads he will definitely be interested in.
Does he do it in wiscansin?
Pinecone staircase toppers on the first Florida house.. go figure..
Whoever gets the divorce house is going to make him pay for that middle lot. He should have left the original properties there and rented them until the lot became available.
How do most of you guys still make a profit in the financial market? Even with the downturn of the economy and ever increasing life standards
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Mary Patricia Hester is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessment, ensuring my trades decisions align with market dynamics for optimal returns.
This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yes, I agree with you. Her platform is wonderful and her strategies are exceptional.
I'm new at this, please how can I reach out to her easily?
He’s wrong about Florida he should be buying up the Carolinas instead
Picture perfect mansions...but you're still in California. No, thank you. 🤦🏼♀️
You sound like his boyfriend or girlfriend when you say "unfortunately he lost some money."