That is not a big issue in the black community. That's actually very rare. The real issue is parents don't teach their kids how to manage money before they leave the house
Will Melvin Actually its kids whom have 1 parent or raised by grandparents at home and have to become a primary bread winner at 14 15 years old. You never have time to be creative and tgis information is not something that is taught throughout the black community. Were taught to go to work make someone else rich and try to survive
That's not the problem in the black community. Our problem is we waste too much money on bullshit. we try to look like we have shit we don't have. No other culture does that shit like us. The difference is the other culture own real shit that goes up in value. I learned that twenty five years ago. since then, I've owned and still own alot of shit
I really appreciate the simplify of your videos. Although I know it's a lot more in depth knowledge that needs to be acquired, the message was well delivered. Thank you!
In other words,we as a people should be asset accumulating machines.This is more important than a college education.Or the goal of a college education should be to become more efficient in accumulating assets.
a good tool to use is multiply your daily spending habits and multiply it by 365 x 5 years. so a 4 dollar coffee times 365 x 5 equals....$7,300 is the true cost of the cup of coffee over 5 years; a better way is to do it over one's life time if you decide to never brake these bad habits... even getting a bmw over a Honda;;;; that 15 or 20k; can add up if you were to invest in 10 stocks/a mutual fund;;;; what would be your return after 30 years on that money....... the good thing about really analyzing and reducing your expenses is that you get to the core of your value system; and after 3/5 years of savings; then you will be able to enjoy a few things really mean something and you will also have a large amount of savings and investments and peace of mind.........
The Presentstion was Good But it's better for folks to Visualize on a dry erase board etc.Then the tiny piece of paper lol.Besides that GREAT BLUEPRINT ✊🏾
Good Video!!! The hardest part of the real estate game to me is that 20%-30% down payment. $300,000 dp is a lot to try to save when acquiring a million dollar property. That's what's holding me back finding ways to get that dp.
+Taboris Joyce if you have excellent credit you can creatively borrow money many different ways; equity line, credit cards, mortgages, 2nds, 401k, downsize life, reduce all non-essential purchases; review all expenses/insurance etc and fine tune your life. but you must leverage....interest rates are very low now... you may want to break up the investments if possible into 5/10 different properties at a lower cost; and take your time; by buying one or two; and moving forward after you get a handle on those 2;timing is everything; if you move to fast in the game; you may blow an opportunity in the future;;;; also keep your eyes open; and also have a stack of cash for emergencies or for a great deal....... depending on your target location; I think it's best to start small and learn as you go before trying to hit a home run with all your resources at stake on one investment.......
keith wisdom I'm from N.Y. & I know of Jewish guys in their 30s with 20+ properties. Nothing wrong with a partner also. I doubt these guy's buying buildings in Bushwick have complete CASH but keep your credit up to par.
credit is key ; but good partners are ; as well as a team of vendors were you have a good working relationship; unity and trust are essential and it's the thing that keeps a lot of black folks from making it..... because if one lacks funds or credit rating they can make it ; if they join with partners that have the funds and credit; and maybe the one lacking can handle the day to day operations.....
Hey Jay love the video. I was wondering if u could do a video on Whole selling properties. I was wondering if cash buyers are the only way you can make money flipping the houses. Or can you also make money if the buyer is financing through a bank.
A big issue in the Black community is parents kicking the kids out or leaving the nest early. Live HOME build credit, save money.
right!👍
But thats not cool... And theres no way around it. Unless the persons somewhat smart and is not fuelled by peer pressure. lol
That is not a big issue in the black community. That's actually very rare. The real issue is parents don't teach their kids how to manage money before they leave the house
Will Melvin Actually its kids whom have 1 parent or raised by grandparents at home and have to become a primary bread winner at 14 15 years old. You never have time to be creative and tgis information is not something that is taught throughout the black community. Were taught to go to work make someone else rich and try to survive
That's not the problem in the black community. Our problem is we waste too much money on bullshit. we try to look like we have shit we don't have. No other culture does that shit like us. The difference is the other culture own real shit that goes up in value. I learned that twenty five years ago. since then, I've owned and still own alot of shit
apprecciate you jay!!!! i watched a video before and now i know what i need to do to get my 10,500 payment for my 300k building!!!!
Hey Jay! Thank you for uploading this video again. I true appreciate the knowledge that you give every time you create a video.
I really appreciate the simplify of your videos. Although I know it's a lot more in depth knowledge that needs to be acquired, the message was well delivered. Thank you!
In other words,we as a people should be asset accumulating machines.This is more important than a college education.Or the goal of a college education should be to become more efficient in accumulating assets.
jay I really like what you are doing please help can you wear a mic so we can hear you better! :-)
King..this is one of my favorite videos! OWTW!
a good tool to use is multiply your daily spending habits and multiply it by 365 x 5 years. so a 4 dollar coffee times 365 x 5 equals....$7,300 is the true cost of the cup of coffee over 5 years; a better way is to do it over one's life time if you decide to never brake these bad habits... even getting a bmw over a Honda;;;; that 15 or 20k; can add up if you were to invest in 10 stocks/a mutual fund;;;; what would be your return after 30 years on that money....... the good thing about really analyzing and reducing your expenses is that you get to the core of your value system; and after 3/5 years of savings; then you will be able to enjoy a few things really mean something and you will also have a large amount of savings and investments and peace of mind.........
Wonderful video. Great info Jay. Keep those videos coming
Great tips Jay! How you broke the process down was imperative.
Great video jay in working on my blueprint right now I look foward to having a financially free lifestyle one day soon thanks god bless
nice comeback the sound is clean now keep it up bro
Valuable video
The Presentstion was Good But it's better for folks to Visualize on a dry erase board etc.Then the tiny piece of paper lol.Besides that GREAT BLUEPRINT ✊🏾
Damn echo🤦🏾♀️ King!
Good Video!!! The hardest part of the real estate game to me is that 20%-30% down payment. $300,000 dp is a lot to try to save when acquiring a million dollar property. That's what's holding me back finding ways to get that dp.
+Taboris Joyce if you have excellent credit you can creatively borrow money many different ways; equity line, credit cards, mortgages, 2nds, 401k, downsize life, reduce all non-essential purchases; review all expenses/insurance etc and fine tune your life. but you must leverage....interest rates are very low now... you may want to break up the investments if possible into 5/10 different properties at a lower cost; and take your time; by buying one or two; and moving forward after you get a handle on those 2;timing is everything; if you move to fast in the game; you may blow an opportunity in the future;;;; also keep your eyes open; and also have a stack of cash for emergencies or for a great deal....... depending on your target location; I think it's best to start small and learn as you go before trying to hit a home run with all your resources at stake on one investment.......
I'd say acquire small properties first than pull out the equity for a commercial property. Or you can cash them in. Credit is key!
agreed
keith wisdom I'm from N.Y. & I know of Jewish guys in their 30s with 20+ properties. Nothing wrong with a partner also. I doubt these guy's buying buildings in Bushwick have complete CASH but keep your credit up to par.
credit is key ; but good partners are ; as well as a team of vendors were you have a good working relationship; unity and trust are essential and it's the thing that keeps a lot of black folks from making it..... because if one lacks funds or credit rating they can make it ; if they join with partners that have the funds and credit; and maybe the one lacking can handle the day to day operations.....
i got to interview this guy
What about the expenses of going to collect my check from my rental propertys
Hey Jay love the video. I was wondering if u could do a video on Whole selling properties. I was wondering if cash buyers are the only way you can make money flipping the houses. Or can you also make money if the buyer is financing through a bank.
Split level houses with basements in Atlanta,and their prices
how can u be reached Jay? I really really need to sign up for this course
awww I fux wit homie
I need a... loan what can you do for me . credit is bad
What was the credit score mentioned in reference to getting the apartment building?
680
+The G.I.R.L.S. Club Inc. thanks