How To Get Rich From The 2024 Real Estate Crash
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- Опубликовано: 28 июн 2024
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Ken McElroy shows you how to leverage a real estate market downturn and demographic shifts to maximize investment returns. He provides in-depth analysis on identifying emerging markets, timing your investments during supply fluctuations, and managing properties for optimal cash flow.
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Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
How can i reach this person?
Finding financial advisors like vivian jean wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Her name is 'MICHELE KATHERINE SINGH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
THANK YOU
Excellent video. Thanks,
Yeah, I give you my thanks on this. It is always the supply and demand.
Awesome stuff Ken.. 👍🏽
Very helpful Thank you for sharing
Thank you Mr. Ken
TQ... So informative.
Keep up the good work. Cheers.
Thank you for your help
Thank you so much. we love you
Excellent Excellent Content!
Thank you ❤❤
You are truly a blessing to the world
Great real estate investment video
Surprised that you don't have more subscribers! Your channel shares a lot of very informative and educational videos. There are others out there with far more subscribers but are more like "sales" type channels that only benefit the producers.
Thank you so much for your insight and education
1. Stock are trading like the Fed already cut rates
2. Bonds are trading like rate cuts aren't happening
3. Gold is trading like we are in a soft landing
4. Oil prices are trading like we are entering a recession
5. Housing markets are trading like nothing is happening
thanks
Your videos are amazing! Ken is the only real investor that speaks facts on youtube. If you want to think critically and find opportunities, listen to this guy.
That’s very true. Just made some big disastrous calls like he called 40% crash on single family homes in 2020 lol
Ken doesn’t know anything about housing crashes. He said the same thing during Covid lol
@@JJ-Sg305 I guess you forget, but houses did crash in 2020 after March. Recovered quickly by Q4 due to 0% interest. So not sure what you are talking about…
Good luck finding cash flow in this interest rate environment. Prices have to come down significantly more!
Do you think that will apply to NYC at all? Or it won't be touched at all
Permit and start, can you differentiate rental and built to sell property?
You the man Ken, I love how you use your wisdom to help us all!!!
I'm sure that's all he wants to do for you, Genius.
@@ng67432 you must be poor, so sad
@@ng67432 I don't understand why a billionaire makes these videos just to help
people. He has a huge heart.
Can’t wait to get to Limitless!
What you think of Texas market
How is yield calculated
Yes
It's roughly 43% worse than pre-2008 mathematically. Median income would need to go up over 40% in under 12 months just to maintain these valuations without the worst crash in history. 12% unemployment and 50% stock and housing crashes are mathematically guaranteed.
THANK YOU for breaking it down into simple numbers and quick facts!
Cash flow is king. 4 words that should live rent free in your mind if you want to strive financially in any market.
Hey Ken , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
Very practical advice. One advice I give to people who want to go into real estate is to make sure you're not overpaying for the house. I want to branch out to the stock market now, and I have set aside $200k, but I'm not really a pro in that aspect.
Always easier said then done. You better have a lot of cash on hand.
I don’t understand how home prices can rise beyond what most people can afford. How does this play out?
So good! So exciting… Let’s GOO🚀🏢
thank you foreverything you did say. 2021 I bought an real estate at the top of the price. This month I sold it at the bottom. I wish I had watched your videos early
Why did you sell and not hold on to it?
@@mariuss.6607 because of my debt. I did not control my debt as well. Bank interest rate is too high
Thank you
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki
I totally agree. I put $250k into stocks with my advisor, and now I've made over $4 million in profits. I used the profits to buy properties, and they're bringing in great income. It just shows how important it is to invest in things that grow over time. It's like I'm living out the lessons right from the start of his book- Guide to investing
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest, but as a beginner, I don't know my way around the market.
She is well known as - Chasity George Charles. please do your own research.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
What are examples of liabilities that “they think are assets”?
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
The poor become rich by exploiting other poor people, not by investing.
That was a terribly written quote
Um.... If the property cash flows (pays it's expenses), how/why does it become available to acquire?
Tired landlords. Or they want to seller finance and just be the bank. You gotta talk to 50 people before you may find one.
“Size doesn’t matter” that’s all I needed to hear
I have experience in concrete construction, specializing in multi family. I am considering starting a company in central Texas. Based on this video, is it best to wait until the “lag” period has elapsed to have the best possible success?
I'm not an expert, but it seems that starting now would have many advantages. You may be able to buy an existing business and their equipment for CHEAP. Plus, you could lay all the groundwork and build relationships. That way, when it does turn up, you're ready, not getting ready.
I like anyone who starts with fundamentals, rather than opinions. But supply and demand can be complicated. It is demographics, but there is more complexity to it than that. I view both supply side elements, (how many housing starts), and demand ability (how many people can actually afford the purchase). You can have massive demographic trends but if they cannot get a loan, or they don't have jobs that would support rents, they are effectively not part of the demand equation.
Home values are declining rapidly in Florida and Massachusetts.
Thanks!
I have a question and it might be the question for many others. What does that mean buy cash flow assets? I mean if you borrowed 20% or you borrowed 80%, of course the cash flow after mortgage will be completely different. Think about use 100% cash purchase with not debt, what is the chance of negative cash flow? Does anyone know the answer? Thanks
The argument is in the math.
1 - Paying all cash costs you more money since you are paying for the entire property out of pocket. When you have a loan, the tenant's rent is paying for everything but what comes out of your pocket is the down payment.
2 - Paying cash to get better cash flow isn't true. If you use the same money as down payments, you can get 5 of the exact same property (20% DP), which means higher Total CF using the same cash.
3 - Appreciation is applied to property values. If you have 5 properties instead of just one, you are getting 5 times the appreciation.
4 - Profits are made only after you have recovered all of your costs. The cash out of pocket is your only cost. If you pay all cash, you have to recover 5 times as much cash as you would if you only used the cash as a DP.
5 - If you need to pay more than a 20% DP in order for the property to cash flow, then don't buy the property. All that added DP is doing is paying for all that negative CF upfront.
Ps: courtesy BiggerPockets website.
Interesting in high school I never learned anything about money. I always thought it about the teachers thought I was stupid.
Can you cover schedule E and how that has affected real estate ?
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Buy low and hold.
Doesn't always work this way .. price falls have so many factors other than low demand or population decline ..
I’m pretty sure you could judge the speed relatively accurately…. I’m not a math wizard but if I had to guess Take the speed of the plane, Then the seconds of how long it took to pass out of the frame and you should get some type of speed …. 🤷♂️ it would be cool if someone smarter then me could throw up that equation
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
9:40 I'd say tampa is being over supplied right now
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
she's mostly on Instagrams, using the user name
Yep. We are in a stagflation event. Nobody got rich in the 70’s.
Except not once did he imply stagflation
@@jameswalker366 But He Did On Yesterday's Video (Him & Danielle) 🤔🤔We Are Not in Stagflation Now, But It is a Real Possibility
@@jameswalker366 who said he did.
If you had money in the bank you did pretty well on interest.
Correct. This is not like 2008, it is MUCH worse. Unemployment will explode soon.
The unemployment rate edged up for a second straight month, to a still-low 4%, from 3.9%, ending a 27-month streak of unemployment below 4%. That streak had matched the longest such run since the late 1960s. Overall, not bad at all.
@@hojo70 Just watch. It's pretty much baked in the cake at this point and will become inevitable. Unemployment will eventually explode higher.
You don't say why the supply is decreasing? Because the projects don't pencil with this high interest. How do you drag it for 3 years then ?!!
Ok but what if you aren't starting from a position of having money
You partner with someone. Real estate is harder and harder for low\mid income starters because of rates.
You can invest in real estate investment trusts. They’re basically stocks.
FHA loan 3 percent down live in one unit rent others
You invest in yourself by reading watching more of these videos educating yourself...
That's how I started by reading Ritch Dad Poor Dad...1💚✌🏾😇👑🇿🇦
He has a video from 2022 saying the market was going to crash
Multifamily is definitely softening in some markets. Definitely varies from market to market.
In canada we have massive population growth from immigration. Cities like Toronto and Vancouver are exceptionally popular for immigrants
Can’t have a crash with no inventory.
In 2008 house example house price was 300k went up 500k crashed to 400k ? Now house price was 500k went up 900k crashed will bring it down maybe to 700k ???
Is getting rich from real estate without significant down payment of less than 100k still possible??
While I can’t guarantee you’ll be rich, you can certainly buy property with less than $100k down. Your required down payment depends on a variety of factors, and can be as low as 0% in some cases (VA Home loans for example).
No crash
Pretty sure this dude had the same idea In 2022. Now look where that got us!
Have you guys seen the crazy prices of real estate lately?
Hi dear, how are you? I hope you are keeping well, I have analyzed your RUclips channel and discovered some problems. Do you want to talk about it for a while?
Don't buy, if you can't afford , homes are way too high in prices
No one can afford housing till a 50 pc correction
The problem is today man expecting woman to make money and contribute as the same time she’s also expecting to be a mother, a cook, a cleaner… women also need to have a life as well…
Sharing pop growth thru 2020 in mid 2024 is odd
How is there a crash when there's no inventory? Are we talking about eventual defaults?
It's Here and More Coming ........ It is Just Not "Mainstream Yet"
@@bruceduckett87I disagree. It is not a crash inventory is really low especially on the residential side. Also new home built is not keeping up with demand. If more inventory was on the market then I would agree prices will come down. A lot of people are not selling their homes because they don’t want to buy in the new interest rate market.
@@taran5209 NOT Homes, He is Talking About Multi Family (Apartments), Mostly Syndications, But If It Goes On Long Enough, Could Affect Smaller Properties Also?
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Crashing? We just hit all time record high prices.
👍
👍👍👍
where is the crash?
How come nobody talked about why the 2008 housing market happened. You can thank bill clinton and the banks
What crash are you talking about? Nothing has crashed...
American banks notified their regulator that they would close 36 branches in just one week this month - with TD Bank and Wells Fargo alone responsible for 28.
Bank of America, Chase, Citibank, Citizens, US Bank and Liberty Bank in California are behind the closure of the remaining eight.
*YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
your video just like typical car salesman
I disagree people need to buy gold and silver and wait 3 to 5 years to buy real estate
No china invoice to diet
First
some genZer called me a "Larp" today when I was sharing my wealth knowledge with him. Kid was on meds probably because i don't know how i offended him. Anybody else been called this name?
LARP - Pretending to be something that you're not is the definition I found. I guess the GZer didn't believe you were legit or what you were sharing with them was true.
@@richardlturnerjr7026 oh wow. these darn kids nowadays lol. I guess appearing poor to the IRS has negative social consequences
@@richardlturnerjr7026 i guess appearing poor to the IRS has negative social consequences
@@richardlturnerjr7026 i replied but RUclips keeps deleting my comments here ...testing testing 1 2 3 again
Ken r u doing this to me?
Bs
Nobody knows
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
Great to see you guys talking about her, she changed the game for me.
Please how can I contact her? I'd love to see for myself*
Finding yourself a good broker is as same as finding a good wife, which you go less stress,you get just enough with so much little effort at things
Hallelujah God is still working wonders,I place myself in position for such miracle.The best thing I've seen today on RUclips thanks a lot..
Realtors are of the devil.
Good vid - but we've increased the population by at least 10-20 million in the last 3.5 years not including births. Where are all those migrants living?
You had me until you said we should be buying starting in 2024. Then I knew you were just selling more propaganda.
Please tell this fool the housing market isn't going to crash. Please.
I agree with you, these “crash” videos are ridiculously funny. Just watch unemployment rates for clues of a pullback instead of watching these videos.
The crash will go into the history books to write about for a thousand years! It will change future generations. Some cities will never recover until eternity.
Where is the crash????
There is no crash so you’re not gonna get rich ! A small pull back in some markets .
Good luck with that.
Based on what evidence?
Says the real estate agent.
CFK = CashFlowKing
Thanks Ken 📉The right time to invest and make a profit is when there's disruption, and the real estate market is expected to experience a supply disruption for about two years. But nothing is for certain!
Yes