The moral of the story is that there is nothing noble about taking money from your husband's 401k in the hopes he can retire early and then pissing it away on dodgey real estate deals, so he has to keep working even longer than he would have to rebuild his retirement fund.
yep, he had under $100k in the 401K anyway at 68, the dude was never going to be able to retire unless he was planning on living in a shack in the Philippines.
A lot of people say "I can't sell it" when they mean "I can't sell it for the price I want". That's not how selling things works. You sell them for what they are worth, not what you want them to be worth. If you make a loss on it, you make a loss on it.
Yep. Everything is for sale and everything has a market value. Your opinion on what something should sell for needs to reflect the market....not what you want. In my area there is a guy trying to sell a double wide for about 3 times what it's worth. The switched to an auction house and I think it only got 1 bid which was far lower than asking. now it's listed through a different realtor. This idiot owner doesn't realize it isn't the listing agents fault.
@@blackworldtraveler3711 There is nothing wrong with property as an investment. You just need to know what you are doing and be willing to accept whatever level of risk you are taking.
I live in Bham and she bought houses for $66K and $47K; there is no way you can flip that property and get $200K and be SAFE. I wouldn't pay that to live in Bham and I live in Bham. She tried to flip shacks, dilapidated properties, no one can get a loan or afford the interest rates for that area..
@@kbanghart Just search for $47k houses in Alabama and then look at the street view and you will see why they are so cheap. Dilapidated house throughout the neighborhood. Broken down cars in front yards. Abandon cars sitting on the street. Etc. Etc.
Yep. Who in their right mind would buy a property for $200K when all the other houses in the neighborhood are only worth $60K? That makes no sense. Sounds like the caller never understood the top three rules of real estate.
I see this constantly in North Carolina. All these people living out of state buying crap houses cheap houses that are undesirable. They spend $100k in cosmetics and try and flip for twice the costs. Well the folks who live here know the house is garbage and will start falling apart day one. The only folks buy this stuff are other people moving here that don't have a clue. Here is a PRO TIP# look up what the house last sold for. If it was sold dirt cheap and fast forward a year or two and it's double or triple the price.... RUN!!! AWAY!!!! Most of the "Flippers" have no construction experience. They open a LLC... Sell you the junk property. Then dissolve and close the LLC. Then they open a new one with the next "Flip Sham". When you come back in a month or so wanting something fixed....Guess What? The are no longer in business because that LLC is gone! Poof Gone goes your Money. Congratulations. You own the money pit.
Exactly. I see this in the neighborhood I grew up in. Houses with high crime rate and gun shots but investors still can't sell.....wonder why. They aren't worth anything and we all know the truth.
The most recent sale year and price was the very first thing I’d look at after the pictures of the house 😂 if they are trying to 50% increase the price they just bought it for I always left it alone. 😂 easiest headache to avoid ever
Total baloney if done right I work with a guy who is a real estate agent so gets properties cheap and knows the market in our local area I work with another guy who knows plumbing, electrical, HVAC, etc. carpentry does all the work and then either sell it a profit or rents it out which more than covers the mortgage I’m just the painter They don’t lose money on their deals I can assure you that And in some cases were not talking dumps Currently renovating a house that they bought for around 450,000, when it’s done there are people in my area will be happy to pay 900,000
@BobBob-ey5br I wasnt responding to you But I see your point My guys still doing them, just more selective and not as many. I’m just the painter and clean stuff up guy It’s fun and rewarding and gives me something to do and make a nice bit extra money
@@g.t.richardson6311 Context here, like with any sort of speculative endeavor: a handful of people will make money doing it, but the vast majority of people lose.
Flip #1 $64,500 + 102,500 = $168,000...listed at $229,000, got zero offers in 4 months, it's overpriced. People that can afford $229,000 don't live in neighborhoods with homes selling for $64,000
im from Alabama and the fact she said Bham an bought for 47,000 told me right then it was in a bad neighborhood, they gonna lose them to squatters first then the bank
If you're gonna flip houses, I think you should... 1)Be doing it in your own town. 2)Be doing most of the renovations yourself. 3) Be your own realtor.
No, I don't think you should be your own realtor. Work with a license professional. And only do renovations yourself if you're a contractor. My main advice is don't use a 401k to fund the venture.
She used her husband’s retirement, failed then decided to do it again poor guy his wife is nuts, because what kind of wife does that to her 68 year old husband
I had a landlord in a suburb of Denver who owned 20!! rental properties...no wonder people can't find a house to buy...all in the same little city he lived and worked in. He made a personal visit on the first of every month to collect the rent. I was always amused that he hated paying taxes, but both he and his wife worked for the city!
@@DatBoiLui they are allowed to withdraw the $$ without penalty, the husband is eligible age-wise, they just can't put it back in anymore. Their mistake is not taking 401k out(if they don't take it out now they will be required to anyway in a few yrs), it's the fact they invest into real estate on the other side of the country in an area they don't know anything abt that is a super risky investment
Sometimes, I watch TH-cam videos about fixing up houses and renting them for income. Then I watch other youtube videos showing the aftermath of evicted tenants, or tenants who move out in the middle of the night, never to be seen again.
my ex watched TH-camrs and did the same thing and got himself into a mess. Too bad he didn't listen to me when I warned against taking out so much debt to buy run down houses and flip them lol. Tenants were a nightmare, was losing money, and at least one house was getting foreclosed on before he hurried to sell at a loss. But he still continues I'm sure....
Dear Mary, After my divorce I thought I could buy a fixer upper, because that's all I was going to be able to afford. To learn more, I worked at Habitat For Humanity. I learned that I had unrealistic expectations of what this was all about and I scrapped that idea right quick!
The caller is not capable of handling the family finances. That she obtains financial advice from TH-cam is the first clue. And she's clearly not cut out for real estate.
Kathleen this show is literally about calling a TH-camr for advice 😂 I don’t agree that was the mistake. Her Mistake is in trusting one person to tell her what her house is worth. I mean how in the heck has this woman not at LEAST gone on Zillow and looked at the comps in the neighborhood before she listed it. Unreal.
@@BlueDauntlessHonestly, having a separate radio program doesn't make it more legit. DR does have a large following and his background is in real estate, but who knows, that TH-camr may have similar creds.
You can get good or bad advice on TH-cam do your own assessment. If it sounds really easy money it’s a lie if it sounds like a lot of hard work it’s probably right 😂
@@lovethemflowers I try to give benefit of the doubt but given the rest of the sheer stupidity in the call I have to fall on the side of she meant 2023.
She lives in Boston, MA and was convinced to buy a home in Birmingham AL by someone else. I am wondering about the following 1. Did she pick the real estate agent herself or did she trust someone else? 2. Did she pick the home she was buying or did she trust someone else? 3. Did she have the home inspected and who picked the inspector? 4. Did she pick the contracts to fix the homes up or did she trust someone else? It sounds like she was completely taken and I would bet the money used to fix up the homes went into someone's pocket.
I bet this same thing happened with a seller I was negotiating with. Guy redid every room and was way overpriced, fired his realtor and did for sale by owner because he couldn't accept his home's value. I ran comparisons and offered at market value and he called it a "low-ball offer." Told my realtor I'd bet anything he has a HELOC and screwed himself over with his investment.
Tells you all you need to know about her financial literacy. And if hubby's 68, she's probably at least 50 herself. If a 20yo said this, ok, I get it. But she's just plain lazy and careless. I'm European and I know this stuff.
If you want to be in real estate, start small and aquire and rent out a small house or condo. Flipping is not for the inexperienced or broke. If you have to borrow money from your 401k to do it, you're doing it wrong.
These FIRE youtubers and get rich quick with OPM (other people's money) are great. They got rich and retired early and now make a living, i mean make extra money off teaching others what they claim to know and did, though they provide proof that they are successful or retired from doing what they teach
DR and his team aren’t TH-camrs though. They have a completely separate program that has been around longer than TH-cam. YT for them is just a way to advertise their program.
So many mistakes here. He paid income tax on those distributions. Then this year, with that money out of the market, they have missed tremendous gains. And she says that part of the reason for was to pay down a mortgage that was probably at around 3% APR. Then there is the whole misguided real-estate flipping. Man, he needs to take back the reins from his wife.
My brother did that with over 500k, inherited from my parents. Bought the worst properties in a town that, at the time, had the highest unemployment in the country (about 20 years ago), a small town in Ohio. He lost everything. He was sure he was doing the right thing, buying property, and going to have rentals. People couldn't even afford cheap rent in that town and they all needed major repairs. He lost it all. He couldn't see the forest for the trees.
That's terrible. Would've been better off trying the idea out on one property and leaving it be if it didn't work out. Putting all your parents' hard earned eggs into one risky basket is 🤯 at least they didn't get to see it. I'm sorry
Flipping houses is extremely difficult. You have to know how much it will cost to renovate a property, and how much the property will sell for once it has been renovated. It takes a lot of construction knowledge and substantial real estate sales knowledge. A group of qualified individuals (one construction expert, one real estate agent, one banker) might be able to make it work, but the average person can't do it alone. I know a few people who have gotten burned financially trying to flip houses.
I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. Faced a similar situation and I sought advice from a fiduciary advisør. We've been able to build a 7 figure portfolio that has averaged an annualized return of 25% in the last 8 years
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for years and highly recommend her. Check if she meets your criteria.
Many people can make a lot of money doing this. But they KNOW what they are doing. They do not withdrawal money out of retirement accounts to do it and they have some idea of the market they are in.
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement, you have $100K to invest. Where are you investing it?
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Stacey Macken, has been an amazing experience.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
I live in Birmingham Alabama. I flip houses in Birmingham. I see many out of state investors buying in our market and losing money. Some make money. Flipping is hard and it’s not for everyone. I would like to say this though, most successful real estate investors started off losing and learning from that. It’s not necessarily fair to tell people to give up on their dreams. I came close to losing it all early in my career and I kept pushing through until I figured it out. 26 years later and 1500 flips later im so grateful that I never gave up. I’m not Dave Ramsey rich but I’ve done really well. My advice would be to buy in your area and learn that market very well. Buy right, rehab quickly and list it at the right price. LETSGO!
She didn't do ANY research herself...always check the area...and don't invest so far away from yourself. The idea that everyone can 'win' in real estate is a fantasy...and scammers sway fools like this woman to think they are able to make boats of money using skills they don't have.
You’re totally wrong read some of my other comments I know a real estate broker and another guy who knows electrical HVAC, plumbing and carpentry I’m their painter I am sure some of their properties did not bring in as much as they wanted when they flipped them, but I can guarantee you that none of them ever lost money on sale And a couple of them they weren’t gonna make what they thought so they just rented them and bring in cash flow every month The normal Joe yeah you’re right
You aren’t think that she said she was “helping” pay off their house early. Who’s 68 trying to pay off a house early. Someone that bought too much house, too late in life.
I like how they always don't consider all the fees associated with selling a house. "It's worth $168,000? You can sell for $180,000? Well you'll still get profit" not really,lol. After realtor fees, title fees, etc etc. they are way too "oh easy just do this and you're outta debt"
@@dudelinger70 as true as it is that things are complex, simplifying things makes it possible to make a plan, and then encourage the caller to act. The plans they suggested here remain valid - she should as soon as possible sell the homes, accepting lower profit/a small loss.
@@dudelinger70 It's almost like they're radio hosts quickly giving 5 minutes of advice on round numbers. Not hired financial planners that dive into someone's personal finances. I'm guessing you're a "Dave never includes taxes whaaaaaa!" person, right?
But they will tell people without hesitation and ultra confidence to make huge life decisions in those 5 minutes and people run with it. I am usually on their side with most stuff
She said she saw on TH-cam that properties were cheaper there when they asked her why she bought in Birmingham. And she obviously bought houses in the bad part of town. Those houses were cheap for a reason. 😅
That is the problem when Ramsay is not there. They think they are colleagues, and keep interrupting each other. If Ramsay was there, they would shut up and listen to the boss.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
It took me six months to find a contractor I felt comfortable with for a project eight miles from my home. Can't imagine trying to do a rehab project 1,000 miles away in a town that I had zero connections with. This call reminds me of the old punchline "We're losing money on every sale, but we make it up on volume."
The average house in Birmingham alabama is 132,979 and avrage income is 25k with high property tax and high income tax. Most eveyone rents there. Your not getting 230k for a hose inless your in a fabulous area and seeing as its a flip its probably in a bad location so you will be lucky to get 100k for it.
Imagine buying a house for $68k and dumping $100k into it....wow. It wasn't $68k because it has ugly carpet and old counter tops, it's because it's in a crap neighborhood.
I also use to reside in Bham, now live 40 mins outside of it. A house in Bham can Easily sale for over 230k. New builds on the westside are 200k. Even Center point, which was a prominent area 15 years ago is now considered the hood and has houses selling for 250k+. She purchased houses in the Bad hood. Plan and simple. She’s thousands miles away, had no idea about the area and clearly a greedy agent who only wanted their % who didn’t inform her that certain neighborhoods are not worth the “try to reno and rebuild.” Not when it’s riddled w/ crime and individuals who have the crabs in a bucket mentality.
@@ShaeJ_Shae - im on the westside, Bessseme/Hoover area and the houses here start in the 200s and go up from there. That person must not be from the area.
Id seperate for that. She not only did that, but blames everyone else but herself. She doesnt sound remorseful at all. You get a good idea of her whole character just from this call.
Exactly. And I hate how she says “we were ‘told’ it would be worth $230K”. So she didn’t do any due diligence and puts all the blame and what she was “told”.
I really wish TH-cam would show these get rich quick schemes when they go so very wrong. Unfortunately the algorithm promotes success and those are the stories people want to see - so the stories of success are the ones that are heavily promoted and pushed to the top. Then you get people seeing these videos and believing there is no chance of success
Another underlying issue here: a 68 year old guy with well under $100,000 in his 401k who was nowhere near retirement. She got dumb ideas and he let her throw a Hail Mary. I wonder if they’ve been doing this stuff for years or just spending everything they made. How somebody could be in desperate trouble in this situation while still having over $50,000 on the ask-cost spread in the unliked house is wild to me. Just start dropping the price and get out with nothing worse than some time lost plus maybe a few couch pennies
The efficiency of this *Dale Valskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!
I have 2 rentals just like her and they have been wonderful. I could sell them both profit nicely. Where this person went wrong was 2 things. 1. Dont buy remote unless you are experienced locally, imo like 5 or more properties that are successful under your belt. 2. Sounds to me like she put waaay too much money into a birmingham alabama flip. Small money place gotta keep your budget small.
So instead of working for her money like a normal person. She stole her husband's hard earned retirement and wasted it on a get rich quick scheme. I feel horrible for the guy.
They can tell that this woman doesn't have the head for the flip business. They are giving advice that is best for HER! Maybe she should try selling baked goods at the farmers market.
We were looking to move some time ago. My wife heard of a bargain basement price on a house in the city where I was working. She wanted me to go by and look at it. Maybe we could scoop it up, fix it up, live there a couple of years and take a ton of equity with us? When she gave me the address, I knew. I explained the reason why it was so cheap. And that we would be better off taking any money we would invest into it and light it on fire. Fortunately, she understood.
And every show magically sells the house for 20% more than they initially thought it was worth and that is the only reason they make a profit (well that and they are a realtor so pay half the realtor fees when they sell).
She saw it on youtube, and everybody knows that whatever you see on youtube is the true facts. she should have used an authoritative source like tik-toc
5:04 These hosts are jokers. They call out the sunk cost fallacy and then go right on to commit it. Why should how much you invested in the property affect the selling price? The market doesn't care how much you invested It only cares how much it is worth based on supply and demand.
This was nuts. No flipping experience, no market experience, flipping long distance, no financial education, failed the failed the first go around, did it again, now long distance landlord with no experience, drained hubby's 401K, $9k emergency fund, getting crushed by hard money lender, etc. Where is her 401K???? Hubsband didn't have a huge 401k to begin with. Got this whole idea from TH-cam. Wow!!!!
Congratulations, *Dale Valskov* I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *Dale Valskov* Thanks for keeping us informed during this times of doubt?
This smells like the agent dropped the ball. This would not be the first time I've seen this happen. A friend put his house on the market for 250k. Not a single offer or person stopped by in 6 months. Agent never contacted them or dropped by. A few months later they re-signed to sell with the help of a lawyer (because it was a FIVE YEAR no compete contract, couldn't use my good agent). Sold for $350k in one day. So their advise to sell at a loss without consulting a real estate lawyer is wrong.
Problem when a man lets his woman run his finances. She was looking for an easy way to make money taking notes from HGTV and TH-cam. She had no funds so she nagged her elderly husband for the money that he had saved for his retirement. She had no experience in this area but fell victim to social media and the quick come up scheme. Sad situation. She will now blame her husband for not having money in his retirement account. She will put them on the streets trying to hit a lick instead of working a regular job
I often get the feeling that George is jealous of Jade and tries to talk over her. Several videos. They're not good together. George and Ken are so unoriginal.
That said, the whole Ramsey show has an interrupting issue. Often we only get to realize the whole issue at the end of the call because they don't let the caller talk, cut them off and start giving generic advice before knowing what the problem is.
@@kokoskokso Jealous is a strong word but he probably sees her as competition sure. Ken, JD and Rachel all have their own lane, him and Jade are the only two who are competiting directly to be Dave Ramsey's clone.
I'm SO curious exactly where in Birmingham her properties are. Eastlake or Roebuck, maybe? I live in Birmingham and have been studying the housing market for several years as I save up my down payment. This is not a city to buy in if you are unfamiliar. A $47k flip in Oak Ridge Park is just not going to sell for $220k, even if a house two blocks away in Crestwood sold for $300k. If I knew where the house was, I could tell her exactly why it didn't sell
I did not believe that after the whole FTX drama there's any good to get this year but *Dale Valskov* proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
@@jjman533 These scammer posts are easy to spot (and actually would be easier to remove by mods, if they bothered). At least this one did not spend time talking to itself.
Can't deny the fact that *Dale Valskov* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
"I did something incredibly stupid once, it didn't work so I did it again and it didn't work again"
You can't make this shit up.
It’s called doubling up.
U seem like the type of person that gives up once they fail once.
It is stupid, but real estate investments aren’t always wins. So there’s an easy path to justifying doing it again.
The definition of insanity.
Same thing happens 1000s of times each day in casinos. That's why they have fancy buildings and their customers are broke.
She had the nerves to talk her husband into allowing her to pull $ from his 401k and the deal FLOPPED. She had the audacity to do it AGAIN🤯
This is NOT the time of life you want to jeopardize a 401K - late 60's early 70's
TWICE
love makes you do crazy things
0:08 Right off the bat 'So...I was trying to help my husband...'
But it is his fault to be stupid enough to do it.. twice at that
The moral of the story is that there is nothing noble about taking money from your husband's 401k in the hopes he can retire early and then pissing it away on dodgey real estate deals, so he has to keep working even longer than he would have to rebuild his retirement fund.
yep, he had under $100k in the 401K anyway at 68, the dude was never going to be able to retire unless he was planning on living in a shack in the Philippines.
@@Big-Government-Is-The-Problemthis lmao
lol this is big facts..
no shit sherlock 🤣🤣🤣
A lot of people say "I can't sell it" when they mean "I can't sell it for the price I want". That's not how selling things works. You sell them for what they are worth, not what you want them to be worth. If you make a loss on it, you make a loss on it.
Exactly
Yep. Everything is for sale and everything has a market value. Your opinion on what something should sell for needs to reflect the market....not what you want. In my area there is a guy trying to sell a double wide for about 3 times what it's worth. The switched to an auction house and I think it only got 1 bid which was far lower than asking. now it's listed through a different realtor. This idiot owner doesn't realize it isn't the listing agents fault.
This is why i don’t use investment as a primary reason to buy a home.
@@blackworldtraveler3711 There is nothing wrong with property as an investment. You just need to know what you are doing and be willing to accept whatever level of risk you are taking.
Birmingham Al, Crime capital of USA - No wonder you having problems selling it. Especially if it’s in a poor neighborhood!
You guys need to quit interrupting each other. The poor lady doesn't know who to respond to. Let one person finish speaking first.
thank you Frank- they need to develop some sort of system where they DONT talk over each other.
It doesn’t help that there is a consistent delay between when we here the host stop speaking and when the caller hears the host stop speaking
Thank you. It was driving me insane
Papa needs to remove the all day espresso machines.
It’s so bad , I have brought this up several times , the Dave Ramsey show really need to correct this interruptions
I live in Bham and she bought houses for $66K and $47K; there is no way you can flip that property and get $200K and be SAFE. I wouldn't pay that to live in Bham and I live in Bham. She tried to flip shacks, dilapidated properties, no one can get a loan or afford the interest rates for that area..
I'm in California, a house worth under 100K is a fantasy to me lol
My thinking exactly. There's a reason she could get them for cheap.
Likely one shack in a massive road of identical $47k shacks. She probably added $25k to the value of each property.
@@kbanghart Just search for $47k houses in Alabama and then look at the street view and you will see why they are so cheap. Dilapidated house throughout the neighborhood. Broken down cars in front yards. Abandon cars sitting on the street. Etc. Etc.
Yep. Who in their right mind would buy a property for $200K when all the other houses in the neighborhood are only worth $60K? That makes no sense. Sounds like the caller never understood the top three rules of real estate.
Learning from past mistakes is a skill that many people need to learn. Making a mistake is ok; to repeat said mistake is insane.
I like learning from others mistakes
It's even better to learn from the mistakes of others. 😂
She doubled down on the mistake.
Yes sir
@@anthonyarchibald9331 Even better!!!!!
I see this constantly in North Carolina. All these people living out of state buying crap houses cheap houses that are undesirable. They spend $100k in cosmetics and try and flip for twice the costs. Well the folks who live here know the house is garbage and will start falling apart day one.
The only folks buy this stuff are other people moving here that don't have a clue.
Here is a PRO TIP# look up what the house last sold for. If it was sold dirt cheap and fast forward a year or two and it's double or triple the price.... RUN!!! AWAY!!!! Most of the "Flippers" have no construction experience.
They open a LLC... Sell you the junk property. Then dissolve and close the LLC.
Then they open a new one with the next "Flip Sham".
When you come back in a month or so wanting something fixed....Guess What? The are no longer in business because that LLC is gone!
Poof Gone goes your Money.
Congratulations. You own the money pit.
Right on!
Thank you for the tip. I listen to all your guys advise and store in the “vault” in case I need for a rainy day.😊👍🏻
Wow. That's messed up
Exactly. I see this in the neighborhood I grew up in. Houses with high crime rate and gun shots but investors still can't sell.....wonder why. They aren't worth anything and we all know the truth.
The most recent sale year and price was the very first thing I’d look at after the pictures of the house 😂 if they are trying to 50% increase the price they just bought it for I always left it alone. 😂 easiest headache to avoid ever
Flipping houses is mostly mind over matter. If you don't _mind_ losing money, then it doesn't _matter._
😂 that's really funny. Thanks for the laugh
Good one !!!! :)
Total baloney if done right
I work with a guy who is a real estate agent so gets properties cheap and knows the market in our local area
I work with another guy who knows plumbing, electrical, HVAC, etc. carpentry does all the work and then either sell it a profit or rents it out which more than covers the mortgage
I’m just the painter
They don’t lose money on their deals I can assure you that
And in some cases were not talking dumps
Currently renovating a house that they bought for around 450,000, when it’s done there are people in my area will be happy to pay 900,000
@BobBob-ey5br I wasnt responding to you
But I see your point
My guys still doing them, just more selective and not as many.
I’m just the painter and clean stuff up guy
It’s fun and rewarding and gives me something to do and make a nice bit extra money
@@g.t.richardson6311 Context here, like with any sort of speculative endeavor: a handful of people will make money doing it, but the vast majority of people lose.
Flip #1 $64,500 + 102,500 = $168,000...listed at $229,000, got zero offers in 4 months, it's overpriced.
People that can afford $229,000 don't live in neighborhoods with homes selling for $64,000
Exactly !!
Ding ding!
im from Alabama and the fact she said Bham an bought for 47,000 told me right then it was in a bad neighborhood, they gonna lose them to squatters first then the bank
More than that, why is she buying property in another state that she didn't even view the area. That makes absolutely no sense.
@@AnthonyMcNeil nothing about what this lady did makes much sense. Unless it's deliberately losing money
If you're gonna flip houses, I think you should... 1)Be doing it in your own town. 2)Be doing most of the renovations yourself. 3) Be your own realtor.
Agree.
And have some cash… she can’t afford a $12,000 loss and they own 3 houses. Crazy amount of debt they’re floating.
@@DrFearCo oh yeah! That too! I figure that’s a given! 😂
Only should be doing renovations yourself if you actually know what you’re doing. This lady doesn’t sound like much of a carpenter.
No, I don't think you should be your own realtor. Work with a license professional. And only do renovations yourself if you're a contractor. My main advice is don't use a 401k to fund the venture.
She used her husband’s retirement, failed then decided to do it again poor guy his wife is nuts, because what kind of wife does that to her 68 year old husband
What kind of simp ALLOWS his wife to do that? What a total mug the guy is!
A young woman who hasn’t worked all her life.
With a gambling addiction to boot!!
Husband will be working until the end of time.
HUSBAND: DIVORCE HER... TODAY...
Never ever do real estate in areas you don't know or properties you aren't keeping an eye on.
Thank you
A thousand miles away ?!?!?
I had a landlord in a suburb of Denver who owned 20!! rental properties...no wonder people can't find a house to buy...all in the same little city he lived and worked in. He made a personal visit on the first of every month to collect the rent. I was always amused that he hated paying taxes, but both he and his wife worked for the city!
@frequentlycynical642 20 properties in all of Denver? Yeah I guess there are none left? Moron.
This call is the headache that never ends.
She starts out basically blaming her husband. And then blames the realtor. Then blames you tube. On and on and on.
Women never take accountability.
She never blame herself
Accountability is like kryptonite.
Sounds like a women haha
@donaldjohnson-ow3kq all of us commenting here will be on the blame list after that
Borrowing from your own 401K is almost as bad as taking out a payday loan. It should only be touched as a last resort.
She didn't even at least do that, she withdrew from the 401k 😅
@DatboiLui exactly she can’t even put it back lol
Yeah, but he's also retirement.
@@mhodge0890I got a loan for my down payment on a house
@@DatBoiLui they are allowed to withdraw the $$ without penalty, the husband is eligible age-wise, they just can't put it back in anymore. Their mistake is not taking 401k out(if they don't take it out now they will be required to anyway in a few yrs), it's the fact they invest into real estate on the other side of the country in an area they don't know anything abt that is a super risky investment
This lady fell out of the stupid tree and hit every branch on the way down.
Brutal
🤣
Landed on the ground and did it again.
Wow!!! 😮 she needs to get out of the real a state business as of yesterday 🙄
I picture Homer Simpson falling down a cliff and hitting every possible rock on the way down.
Doh!
DOH!
Doh!
Doh!
DOH!😂
"we know nothing about finance or house flipping, what could go wrong??!!"
Sometimes, I watch TH-cam videos about fixing up houses and renting them for income. Then I watch other youtube videos showing the aftermath of evicted tenants, or tenants who move out in the middle of the night, never to be seen again.
my ex watched TH-camrs and did the same thing and got himself into a mess. Too bad he didn't listen to me when I warned against taking out so much debt to buy run down houses and flip them lol. Tenants were a nightmare, was losing money, and at least one house was getting foreclosed on before he hurried to sell at a loss. But he still continues I'm sure....
Or the ones that don’t leave, and not pay.
Dear Mary, After my divorce I thought I could buy a fixer upper, because that's all I was going to be able to afford. To learn more, I worked at Habitat For Humanity. I learned that I had unrealistic expectations of what this was all about and I scrapped that idea right quick!
The caller is not capable of handling the family finances. That she obtains financial advice from TH-cam is the first clue. And she's clearly not cut out for real estate.
Kathleen this show is literally about calling a TH-camr for advice 😂 I don’t agree that was the mistake. Her Mistake is in trusting one person to tell her what her house is worth. I mean how in the heck has this woman not at LEAST gone on Zillow and looked at the comps in the neighborhood before she listed it. Unreal.
@@UnstoppableMorganDR isn’t a TH-camr though. He has a whole separate program that’s not in TH-cam.
And here we all are, listening to financial advice on TH-cam...
@@BlueDauntlessHonestly, having a separate radio program doesn't make it more legit. DR does have a large following and his background is in real estate, but who knows, that TH-camr may have similar creds.
You can get good or bad advice on TH-cam do your own assessment. If it sounds really easy money it’s a lie if it sounds like a lot of hard work it’s probably right 😂
Soon as I heard "a year and a half ago so basically September 2023" I knew nothing smart was coming out of her mouth.
Maybe the caller meant 2022. Maybe it took from Sept of ‘22 until now for all that crazy stuff to happen.
@@lovethemflowers I try to give benefit of the doubt but given the rest of the sheer stupidity in the call I have to fall on the side of she meant 2023.
I like how she started by saying “she tried to help her husband.” lol she immediately wanted to make sure It was done for him and not for her.
I cannot recall his exact age, but he was close to retirement anyway, so what was that "help him retire early" nonsense?
She lives in Boston, MA and was convinced to buy a home in Birmingham AL by someone else.
I am wondering about the following
1. Did she pick the real estate agent herself or did she trust someone else?
2. Did she pick the home she was buying or did she trust someone else?
3. Did she have the home inspected and who picked the inspector?
4. Did she pick the contracts to fix the homes up or did she trust someone else?
It sounds like she was completely taken and I would bet the money used to fix up the homes went into someone's pocket.
I bet this same thing happened with a seller I was negotiating with. Guy redid every room and was way overpriced, fired his realtor and did for sale by owner because he couldn't accept his home's value. I ran comparisons and offered at market value and he called it a "low-ball offer." Told my realtor I'd bet anything he has a HELOC and screwed himself over with his investment.
This is the worst thing anyone could do!
Greedy = stupid
And the first time it failed, they did it again! It's the definition of insanity!
Caller seemed surprised that you cant put money back into a 401k after withdrawing. No research.
Tells you all you need to know about her financial literacy. And if hubby's 68, she's probably at least 50 herself. If a 20yo said this, ok, I get it. But she's just plain lazy and careless. I'm European and I know this stuff.
Poor husband will be working until the day he dies to fund her foolishness.😢
at the end of the day he said yes also, unless he has dementia and cant make rational choices, if thats the case thats very tragic.
If you want to be in real estate, start small and aquire and rent out a small house or condo. Flipping is not for the inexperienced or broke. If you have to borrow money from your 401k to do it, you're doing it wrong.
Get rich quick claims another victim.
EXAAAAACTLY. SMMFH.
Just as bad as getting rich in 40 years by following Dave Scamsey.
@@miketheyunggod2534na you can’t get rich anymore following his advice
@@miketheyunggod2534you won’t get rich at all with that broke attitude.
People need to realize that for 99.99999% off people, there is no such thing as getting rich quick.
“Goodness gracious, unsubscribe.” 😂😅
These FIRE youtubers and get rich quick with OPM (other people's money) are great. They got rich and retired early and now make a living, i mean make extra money off teaching others what they claim to know and did, though they provide proof that they are successful or retired from doing what they teach
😂😂😂
@@zybard01 They're not fire though! This man is 68 with 80K in 401. Not enough to be risking anything.
Spent $100K fixing up a place she bought for $65K. That makes no sense.
Then wonders how come it's not selling at $229K when youtube said so 😂
It cost a whole lot more and gets you a whole lot less when you contract all of the labor 😂😂😂
Thank you Jade for maintaining a neutral and tone during this conversation!
This woman has no idea what she’s doing. I feel sorry for her husband.
Right.This woman is a mess
She listened to a youtuber who got her is this mess, then goes to another youtuber to help her get out of the mess
DR and his team aren’t TH-camrs though. They have a completely separate program that has been around longer than TH-cam. YT for them is just a way to advertise their program.
lol
So many mistakes here. He paid income tax on those distributions. Then this year, with that money out of the market, they have missed tremendous gains. And she says that part of the reason for was to pay down a mortgage that was probably at around 3% APR. Then there is the whole misguided real-estate flipping. Man, he needs to take back the reins from his wife.
My brother did that with over 500k, inherited from my parents. Bought the worst properties in a town that, at the time, had the highest unemployment in the country (about 20 years ago), a small town in Ohio. He lost everything. He was sure he was doing the right thing, buying property, and going to have rentals. People couldn't even afford cheap rent in that town and they all needed major repairs. He lost it all. He couldn't see the forest for the trees.
Wow. That's a real harsh life lesson
That's terrible. Would've been better off trying the idea out on one property and leaving it be if it didn't work out. Putting all your parents' hard earned eggs into one risky basket is 🤯 at least they didn't get to see it. I'm sorry
Wow!
I hope you did well with your $500K, and you're a millionaire now.
Making a mistake is bad, but making the same mistake using the same logic is ridiculous
Flipping houses is extremely difficult. You have to know how much it will cost to renovate a property, and how much the property will sell for once it has been renovated. It takes a lot of construction knowledge and substantial real estate sales knowledge. A group of qualified individuals (one construction expert, one real estate agent, one banker) might be able to make it work, but the average person can't do it alone. I know a few people who have gotten burned financially trying to flip houses.
But... but... HGTV says flipping houses is a sure thing! Why would they lie?
1) Gets burned on bad idea.
2) Thinks, "Hmmm, what should I do?"
3) Gets burned AGAIN doing EXACT SAME THING. Right.
I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.
You can put your excess cash in a 5% HYSA or work with a financial advisor to create a good portfolio that can average 20% annually for you.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. Faced a similar situation and I sought advice from a fiduciary advisør. We've been able to build a 7 figure portfolio that has averaged an annualized return of 25% in the last 8 years
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for years and highly recommend her. Check if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
Many people can make a lot of money doing this. But they KNOW what they are doing. They do not withdrawal money out of retirement accounts to do it and they have some idea of the market they are in.
“I dunno, that’s the price the realtor told me” is not an acceptable answer for somebody who is going to be successful flipping houses.
@@adamseidel9780fair 😂😂
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement, you have $100K to invest. Where are you investing it?
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment .
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Stacey Macken, has been an amazing experience.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
Poor husband now has to work years longer. Probably until he’s in the casket.
On the plus side he didn’t have much to start with and wasn’t gonna make that much even on a good flip so he was already toast.
I live in Birmingham Alabama.
I flip houses in Birmingham.
I see many out of state investors buying in our market and losing money.
Some make money.
Flipping is hard and it’s not for everyone. I would like to say this though, most successful real estate investors started off losing and learning from that. It’s not necessarily fair to tell people to give up on their dreams. I came close to losing it all early in my career and I kept pushing through until I figured it out. 26 years later and 1500 flips later im so grateful that I never gave up. I’m not Dave Ramsey rich but I’ve done really well.
My advice would be to buy in your area and learn that market very well. Buy right, rehab quickly and list it at the right price.
LETSGO!
She didn't do ANY research herself...always check the area...and don't invest so far away from yourself. The idea that everyone can 'win' in real estate is a fantasy...and scammers sway fools like this woman to think they are able to make boats of money using skills they don't have.
Lady doesn't even know how to use a calculator.. Losing big % on each and every transaction, rinse and repeat! What a headache
You’re totally wrong read some of my other comments I know a real estate broker and another guy who knows electrical HVAC, plumbing and carpentry
I’m their painter
I am sure some of their properties did not bring in as much as they wanted when they flipped them, but I can guarantee you that none of them ever lost money on sale
And a couple of them they weren’t gonna make what they thought so they just rented them and bring in cash flow every month
The normal Joe yeah you’re right
She borrowed against her husband's 401k so he could retire earlier...what?
Actually, withdrew it. Can't put that back.
He was basically at retirement age already, so the "retire earlier" what such utter BS.
@@StrawberryFieldsNIR Right?!
You aren’t think that she said she was “helping” pay off their house early. Who’s 68 trying to pay off a house early. Someone that bought too much house, too late in life.
I like how they always don't consider all the fees associated with selling a house. "It's worth $168,000? You can sell for $180,000? Well you'll still get profit" not really,lol. After realtor fees, title fees, etc etc. they are way too "oh easy just do this and you're outta debt"
Yes, but remember, she has sacrificed his retirement fund for this high-risk business venture.
Yeah im just mainly talking about the ramsey people. They act like everything is cut and dry kindergarten math but in the real world it isn't
@@dudelinger70 as true as it is that things are complex, simplifying things makes it possible to make a plan, and then encourage the caller to act. The plans they suggested here remain valid - she should as soon as possible sell the homes, accepting lower profit/a small loss.
@@dudelinger70 It's almost like they're radio hosts quickly giving 5 minutes of advice on round numbers. Not hired financial planners that dive into someone's personal finances. I'm guessing you're a "Dave never includes taxes whaaaaaa!" person, right?
But they will tell people without hesitation and ultra confidence to make huge life decisions in those 5 minutes and people run with it. I am usually on their side with most stuff
Why on earth would someone living in Mass. buy a house in Birmingham. Guess she doesn’t know the housing market in Birmingham. Geesh.
She said she saw on TH-cam that properties were cheaper there when they asked her why she bought in Birmingham. And she obviously bought houses in the bad part of town. Those houses were cheap for a reason. 😅
@@alberttang6955 Most of Birmingham has moved south of Red Mountain into the Hoover area. Birmingham itself is decreasing in population.
Every way you can do flipping wrong, this caller is doing.
They have no money, couldn’t afford to get in anywhere else
@@adamseidel9780 They could have done nothing…
This call makes my head hurt
That is the problem when Ramsay is not there. They think they are colleagues, and keep interrupting each other. If Ramsay was there, they would shut up and listen to the boss.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
She's known as Sharon Marissa Wolfe One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I need a Xanax just listening to this lol
She was not helping him retire, she wanted to make some money
It took me six months to find a contractor I felt comfortable with for a project eight miles from my home. Can't imagine trying to do a rehab project 1,000 miles away in a town that I had zero connections with. This call reminds me of the old punchline "We're losing money on every sale, but we make it up on volume."
It always amazes me how folks make such complex decisions when just basic investing usually has good results.
This woman is like the bad gambler that keeps going back to the table thinking the next hand is going to be the big win.
Dumb hubby gave her keys to the retirement cookie jar.
Give the woman a chance to fully respond. One question at a time. Is this a competition?
The average house in Birmingham alabama is 132,979 and avrage income is 25k with high property tax and high income tax. Most eveyone rents there. Your not getting 230k for a hose inless your in a fabulous area and seeing as its a flip its probably in a bad location so you will be lucky to get 100k for it.
Yep. These people don't comprehend what your saying. ... Market Analysis?? What is that... Lol
Imagine buying a house for $68k and dumping $100k into it....wow. It wasn't $68k because it has ugly carpet and old counter tops, it's because it's in a crap neighborhood.
I also use to reside in Bham, now live 40 mins outside of it. A house in Bham can Easily sale for over 230k. New builds on the westside are 200k. Even Center point, which was a prominent area 15 years ago is now considered the hood and has houses selling for 250k+. She purchased houses in the Bad hood. Plan and simple. She’s thousands miles away, had no idea about the area and clearly a greedy agent who only wanted their % who didn’t inform her that certain neighborhoods are not worth the “try to reno and rebuild.” Not when it’s riddled w/ crime and individuals who have the crabs in a bucket mentality.
A flip does not mean it's in a bad location.
@@ShaeJ_Shae - im on the westside, Bessseme/Hoover area and the houses here start in the 200s and go up from there. That person must not be from the area.
Crazy thing is on AM radio and on late night TV there are "experts" hyping doing this crap to more people!
Id seperate for that. She not only did that, but blames everyone else but herself. She doesnt sound remorseful at all. You get a good idea of her whole character just from this call.
Exactly. And I hate how she says “we were ‘told’ it would be worth $230K”. So she didn’t do any due diligence and puts all the blame and what she was “told”.
At $68k he only had $80k in his 401k. Nobody is retiring on that.
😮 True
My thoughts exactly……
I really wish TH-cam would show these get rich quick schemes when they go so very wrong. Unfortunately the algorithm promotes success and those are the stories people want to see - so the stories of success are the ones that are heavily promoted and pushed to the top. Then you get people seeing these videos and believing there is no chance of success
It's not anyone's fault that you don't do you homework before you buy.
Another underlying issue here: a 68 year old guy with well under $100,000 in his 401k who was nowhere near retirement. She got dumb ideas and he let her throw a Hail Mary. I wonder if they’ve been doing this stuff for years or just spending everything they made.
How somebody could be in desperate trouble in this situation while still having over $50,000 on the ask-cost spread in the unliked house is wild to me. Just start dropping the price and get out with nothing worse than some time lost plus maybe a few couch pennies
"Some guy on youtube told me to."
Sheesh.
She's the type that would probably jump too if told 😂
The efficiency of this *Dale Valskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!
my thoughts exactly
I have 2 rentals just like her and they have been wonderful. I could sell them both profit nicely. Where this person went wrong was 2 things.
1. Dont buy remote unless you are experienced locally, imo like 5 or more properties that are successful under your belt.
2. Sounds to me like she put waaay too much money into a birmingham alabama flip. Small money place gotta keep your budget small.
I’m an agent in Missouri, when she said Bham, I already knew that wasn’t gonna work for the flip opportunity.
The worst defense of your actions ever is “TH-camr said it would work”.
Well how's it working out now 😂
So instead of working for her money like a normal person. She stole her husband's hard earned retirement and wasted it on a get rich quick scheme. I feel horrible for the guy.
I won’t say never get into real estate again. I will say learn from your mistakes.
They can tell that this woman doesn't have the head for the flip business. They are giving advice that is best for HER! Maybe she should try selling baked goods at the farmers market.
@@TheSouthIsHot 😂😂😂😂
You crack me up 🤣 😂🤣🤣🤣
We were looking to move some time ago. My wife heard of a bargain basement price on a house in the city where I was working. She wanted me to go by and look at it. Maybe we could scoop it up, fix it up, live there a couple of years and take a ton of equity with us? When she gave me the address, I knew. I explained the reason why it was so cheap. And that we would be better off taking any money we would invest into it and light it on fire. Fortunately, she understood.
It's not the interest rates. it's the price, that is why it isn't selling.
And probably quality of the flip
Exactly 💯 Probably bought from a previous investor to who bought too high. The rehab cost was TOO high as well.
HDTV is not 100% real! People watch those shows and they make flipping houses seem like a cake walk. If it was that easy everyone would be doing it.
And every show magically sells the house for 20% more than they initially thought it was worth and that is the only reason they make a profit (well that and they are a realtor so pay half the realtor fees when they sell).
HDTVs are real. The OLED ones are nice for watching HGTV.
Why would ANYONE think this is a good idea?
She saw it on youtube, and everybody knows that whatever you see on youtube is the true facts. she should have used an authoritative source like tik-toc
TH-cam said so lol
Flipping houses with a borrowed 401k at all time high house prices with high interest rates relative to price is insane.
Greed wins again.
5:04 These hosts are jokers. They call out the sunk cost fallacy and then go right on to commit it. Why should how much you invested in the property affect the selling price? The market doesn't care how much you invested It only cares how much it is worth based on supply and demand.
It's amazing what you do *Dale Valskov* We need a lot of people with your skills and set who have good intentions and spread love
This was nuts. No flipping experience, no market experience, flipping long distance, no financial education, failed the failed the first go around, did it again, now long distance landlord with no experience, drained hubby's 401K, $9k emergency fund, getting crushed by hard money lender, etc. Where is her 401K???? Hubsband didn't have a huge 401k to begin with. Got this whole idea from TH-cam. Wow!!!!
Well put, Daren. Or, in brief.... They are "Idiots".
Congratulations, *Dale Valskov* I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.
trying to pay off one house by buying two more??? make sense
A friend of mine flips and rents - he pays cash or uses a credit line.. has a WHOLE TEAM to help him - this isn’t easy
Flipping houses is like day trading but with rotten wood and faulty wiring.
Insanity is failing once, repeating and expecting another result.
I wouldn't sell the house I would rent it. She would recoup her $12,000 loss while gaining appreciation on the property.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances
She is really a good investment advisor.
I was privileged to attend some of her seminars, that's how I started my crypto investment
I have heard a lot of wonderful things about Sonia Duke on the news but didn't believe it until now. I'm definitely trying her out
Started with 5,000$ and Withdrew profits
89,000$
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *Dale Valskov* Thanks for keeping us informed during this times of doubt?
Unfortunately these people know zero about investing in real estate with hard earned money. They basically went to a casino.
They all start with" i bought a house for an investment "
Flipping houses is a whole different story than a simple rental one.
This smells like the agent dropped the ball. This would not be the first time I've seen this happen. A friend put his house on the market for 250k. Not a single offer or person stopped by in 6 months. Agent never contacted them or dropped by. A few months later they re-signed to sell with the help of a lawyer (because it was a FIVE YEAR no compete contract, couldn't use my good agent). Sold for $350k in one day. So their advise to sell at a loss without consulting a real estate lawyer is wrong.
These callers need to START stories like this with HOW MUCH $$s is involved!
Problem when a man lets his woman run his finances. She was looking for an easy way to make money taking notes from HGTV and TH-cam. She had no funds so she nagged her elderly husband for the money that he had saved for his retirement. She had no experience in this area but fell victim to social media and the quick come up scheme. Sad situation. She will now blame her husband for not having money in his retirement account. She will put them on the streets trying to hit a lick instead of working a regular job
If it was that easy, everyone would be doing this. 😬
George becoming Dave and I'm here for it!!!
I really wanted to hear her answer Jade's questions but George kept asking more questions directly after Jade!
Let the woman answer!
I often get the feeling that George is jealous of Jade and tries to talk over her. Several videos. They're not good together. George and Ken are so unoriginal.
That said, the whole Ramsey show has an interrupting issue. Often we only get to realize the whole issue at the end of the call because they don't let the caller talk, cut them off and start giving generic advice before knowing what the problem is.
@@kokoskokso Jealous is a strong word but he probably sees her as competition sure. Ken, JD and Rachel all have their own lane, him and Jade are the only two who are competiting directly to be Dave Ramsey's clone.
I'm SO curious exactly where in Birmingham her properties are. Eastlake or Roebuck, maybe? I live in Birmingham and have been studying the housing market for several years as I save up my down payment. This is not a city to buy in if you are unfamiliar. A $47k flip in Oak Ridge Park is just not going to sell for $220k, even if a house two blocks away in Crestwood sold for $300k. If I knew where the house was, I could tell her exactly why it didn't sell
My parents live near Birmingham. They have been there for many years. Back then a house that only cost $47k is not where they wanted to live.
I did not believe that after the whole FTX drama there's any good to get this year but *Dale Valskov* proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
Stop spamming this SCAM.
@@jjman533 These scammer posts are easy to spot (and actually would be easier to remove by mods, if they bothered). At least this one did not spend time talking to itself.
The “Unsubscribe” at 4:50 🤣
Can't deny the fact that *Dale Valskov* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
What are you talking about tool
LOL sad crypto SCAMMER promoting a scammer Dale Valskov with paid upvotes.