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He is crazy , so easily say buy 10,100, or even 1000 units of apartments and rent it , but he doesn't say how to buy it ? It needs millions to buy ,100 or 1000 units
@@Joyyyyyyyyyyyyyyyyyynot everyone will pay their rents. Renting tenants is not for the weak. What about violent aggressive tenants. Not a fairytale like video make it seem
I admire how you explain how you learn from your mistakes, most people will give "false and inflated" success stories only, saying something like "I bought a property for 300K and sold it for 500K" , or a stock at X price and sold it for 2X price, but they never said their failures. Thanks.
Not to take away from the message. This guy has to be the coolest brother in a turban and beard. A good communicator. Message entertaining and informative. For me personally, the video reminds me to check my attitude about lost. Thanks.
Welcome to conservatism. Dont care about turbans, beards or more specifically, mean Tweets. Americans have tossed their own country under the bus as Trump was ditching 20 regulations for ever new one. The economy was booming, enemies were terrified, cheap gas/food/Amazon, but the media decided to "fortify" the election. I have property, I have silver, I have a business making cash, I have crypto and by the looks of things its still going to be tight with Brandon.
Enemies were laughing at us with Trump! October is the best month for stocks in 6 years. Trump during his first year was on Obama’s coat tails and his second year was a train wreck. Year 3&4 not to bad.
@@jamesrina6988 Exactly what enemies were laughing? China? NK? Russia? ISIS? Please, do explain what enemies were laughing. The only ones that were laughing were the left wing media. Brexit and Trump were a shot across the bow for the WEF, UN, Brussels and UN. The very same entities that are controlling the Biden regime right now. Xi promised to take Taiwan down before hes done. If that happens and the Saudis see that the deal with Kissinger is dead along with Petrol Buck, the US loses the reserve currency. Russia just signed a deal with the Saudis for military in Aug. The wheels are in motion. China and Russsia are loading up on gold. China is coming out with a CBDC early next year in the hopes of looting the reserve currency. Hillary and Obama made some enemies a long time ago and they are now coming back atchya.
@@jamesrina6988 you must not get out much..... the people are chanting FJB all over this country at every stadium, and now around the world! Wake up dude from your dreamland. Who cares if ENEMIES were laughing at us? Now the whole world is laughing with this 🤡 administration!
you speak non-stop and really fast but the flow of information is like a stream of consciousness from the best knowledge out there.. you were made for this..
You don’t need an attorney! You should ask the inspector to show you the the building code they’re enforcing. They can not ask you to do something that is not in the code book. You can buy code reference from Home Depot.
I am stunned at how many people in 2020 and 2021 bought houses and waived an inspection!!! Unbelievable. No way would I pay more than the listing price and waive an inspection. I will rent until things calm down. I have bought and sold many houses and inspections are incredibly important. As always, great info in this video. Thanks Jaspreet!!
I have bought two houses without a formal inspection and lived to regret it. Unlike the typical more obvious sewage drain plumbing problems, the most often overlooked and most easily covered up is ELECTRICAL PROBLEMS, especially overloaded circuits done by the previous homeowners or a "Jack of All Trades" handyman who was lazy about setting up and connecting to a new breaker in the panel.
I personally hate dealing with rental properties, many people do not respect your things and will break/damage things. I don't want that headache anymore, just going to stick with dividend investing and relax.
The trick to that is purchase a warehouse commercial building . The area I work in all commercial Warehouse buildings the person renting it is responsible for any and all repairs with the exception of the roof. If the AC in the office up front tears up tomorrow my boss has to replace it. The type of Warehouse buildings in my area they're all huge concrete wall, AC units are on top of the ceiling only one way up in the building managers the only one with access . there's really not much that someone can damage
Spot on orion, I would never let anyone rent my house they damage so many things not worth it. Let my money hapily sit in an index forget the password and visit in 10 years
The most inspiring story I heard you tell was about the house you bought, fixed, and finally sold. You caught my attention and learned to admire your tenacity. I learned about myself through your story and felt better. I made poor choices and lost money, but in the end, it finally worked out. Your story allowed me to understand myself. Thank you ❤
If your investing experience is less than 10 years start with 5-6 portfolio. Don't bet big on any single company, learn the process first. Initial diversification is not bad, it really worked for me during my early years. Remember that protection of capital is a must. Good luck.
Very true. Also new investors should study the market. Market crashes are an opportune time to protect capital in the sense that one can gain years of growth from the bottom of a crash in a matter of months. this last crash provided over a decade of growth in majority of stock. Always be ready to jump at these opportunities.
@@emilyfranklin8190 My goal last year was to buy a home and I had 10 months to make this happen. I had an investment manager guiding me at this time and I happened to achieve my goal in 7 months and 3 weeks. Bought my $425K contemporary home. So, yes, opportunities do materialize if we don't sleep on them.
Jaspreet whatever you give you will receive x1000 even more. You give us knowledge, gems, bars, hope. Blessing to you. You and your team are definitely part of my journey to financial freedom, success and generational wealth.
This man is doing multiple God’s work. This is hands down the most no nonsense longform financial advice in internet history. When a man is truly wealthy, he often gives his fruits as charity. I’m beyond amazed at what this man and his vision are doing for me. I can only hope to give back like this one day.
Next video please address how to build capital realistically when you are starting from zero...you can't get real estate now without a sizeable down payment and single occupant housing is hard to turn a profit on unless you have positive sizeable equity
This gentleman is so inspirational and being in the real estate business in Spain myself for 30 years I can definitely say that all that he has said does happen and will happen unless you do things the way he has suggested. Great honest videos. Thank you bro.
I can see why East Indian people are wealthy. You have a very practical mindset that works well with the existing way of business, and you have learned how to make the most of opportunities in any economy. What a great informative video. It deserves a thousand thumbs up, not just one. Thanks.
Spot on. The market presents a lot of opportunities to create passive income. It doesn't matter how long you wait, for this market? Opportunities must come. Try new things out and make the best for yourself. I hope y’all win
You hit the nail on the head! I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope
I discovered Olivia Charlotte Oswald on the CBNC market interview too, checked her out, and we started our amazing partnership. You should definitely look her up too!
Try dividends stocks because they do pay cash flow and you hold them for the long term. ETFs will also produce cash flow depending on what you decide you want to invest in. Some of them will require very high minimum balances and some of them are very cheap to buy you have to decide your own risk level and risk tolerance. May I own multiple different kinds of companies each one pays a different amount and I look at it in the number of days per month that I get paid. My return in percentage has to be at least 6% and above and I found at least 10 companies that do that. You must do your own research however!
Section 8 Rental Income Properties = Recession Proof Government pays you. It's not a lot but its fursure, and mix it with owning Rental Income Properties in middle class neighborhoods. You don't want the Rich Neighborhoods they will be calling you 24/7 .Trust.
As a leasing agent and as soon as I started in this career I have been thinking about buying real estate and have rental properties to manage by myself I'm currently in the car 🚗 industry but as soon as I get my hands on property's that's where the real money starts to come in
Not gonna lie, I saw 47 minutes and I was about to skip this. But I put it on 1.75x speed and just paused the video to get a pen and paper. There are a lot of actionable gems in here for free. Thanks bro
Forgot to mention what happened when the covid hit and people didn't pay the landlords. A lot of those landlords went into debt, and they couldn't remove the tenants, and some of those tenants walked off and didn't pay the landlords over a year's worth of rent. This also messed up their credit report.
@@firesags8900 lol, you are still talking about this topic. Well, something must have gone wrong with their payment but the landlords received the last laugh because they are raising the rent across the United States and it's nothing anyone can do about it but move out. Someone going to move in and pay that rent price. The landlord is getting their revenge. There or more people in the shelters and homeless on the street. Honestly, if I were a landlord...I would have done the same.
I own a commercial rental property and it was fully rented out through the pandemic. I trained my tenants that we would all be stronger if we worked together; teamwork, I was flexible with them and vise-versa. We made it through together and they never fell behind on their rent. Guess what; they're still with me.
Can you elaborate on the real estate investing? Like, what are the steps you have to take to find a management company to manage your properties for you? What are the requirements/roadblocks to investing in real estate? How do you afford the mortgage, utilities, insurance, and whatever you have to pay the management company and employees for the investment property, AND the mortgage/rent and bills for the place you're actually living when you're just starting out in real estate investing?
Man you sound like the greatest most honest person that everybody should want to be like in this life but unfortunately there are more scumbags out there than good people the margin is not even by a long shot thanks for sharing you are extremely educational at least to me🤯
Thanks for the nice investment principles. I'm already doing most of these but will not do investment properties since I don't want to deal with tenants, permits, and rental agencies. There is plenty of income to make without having to own rentals
Peace of mind is priceless. Having good tenant is luck but when you end up with a bad tenant and giving you headache and ruin your place.....going through sleepless nights is not priceless...i prefer having to invest in good etf, live moderately/simply, and peace of mind
Thank you for sharing your experience online. You are awesome 👏 and truly gifted in teaching. I’ve enjoyed your videos even more than watching your interviews. Please keep up the great work!!
I have learned more about in investing in this video, than many weeks with others. I can't even find the words. Man, thank you so much for sharing this! God speed!
I just struggled to make my first pro-fit of $ 5,800 from my trades and I can't wait to make more , been reading about investors that made as much as $ 380,000 in 2months and I'd really love to know how and what strategies could make me this much proceeds
I understand your viewpoint , but i beg to differ , I started investing in 2019 and that same year I pulled a profit of about $ 65,000 profit with no prior investing experience , basically all i was doing was seeking guidance / advice from a broker , so you don't necessarily need to be a perfect investor , just have a professional assist you
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly|
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
We're lucky we are now living in a world of technology and where all the information we need is very accessible to our reach. Investing is a lot easier up to this date compared from years ago and I hope we can all make use of this privilege to our advantage. Wishing everyone all the best!
Jaspreet, would you please expand on owning a Cash Flow Business; specifically would you mention the websites you use to find a business to purchase? I'm also curious about the methods you use to determine whether the business is viable and a good deal. Also, are you referring to crowdfunding, or literally straight-up purchasing, say, a laundromat business, for example?
Just be aware that many HOA or community associations (such as condo's) are putting restrictions on how many units in the community can be rentals. So know where you're buying.
Saving doesn’t bring financial freedom, the right investment does. It’s best to always look for means to multiply money, there are lots of opportunities right now to earn.
@@henryjones6303 Absolutely, I took interest in stock trading 3 years ago but I only began to make tangible profits through the help of my FA Frost Hilda, whose well structured trade system and skills just earned me my first million. He’s been able to build a portfolio that has helped pay off my mortgage and cleared my debts.
in such times as this, you’ve got to make sure you consider having a diverse investment strategy. Your portfolio should have exposure to different areas of the market, including small or large-caps of ETF index, international stocks, grade bonds and alternatives like currency market (forex & digital-ledger) I grew to a 7 figure mark with my portfolio having exposure to different areas of the market Credits to my adviser, Susan Kay Mack..it's been steady growth.
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
diversify real estate buy rental properties both commerical and residental buy and flip houses. stocks: buy stocks you can trade and sell for a profit, buy stocks you hold for dividend. cash flow plus resell at a profit.
People are complaining about employee wages and this is the more reasons to start your own business. Even if its something small, make yourself your own ceo... Nevertheless, Investments are easiest means to accumulate money 💰
Hello!! My name is Teresa. I'm 25 yrs old Portuguese & still living in Portugal. At the moment I'm studying more than investing and things aren't going as planned 🤦 I don't have much money but I'll start investing heavily this month. Thanks dude and I really appreciate 🥰. I wish to gain financial freedom at 30...
Most entrepreneurs fail. We only see the success stories in media. For each of them there are 4-5 failures where people got wiped out. You can become wealthy as an entrepreneur or an employee. The risk profile however is very different between the two. For the vast majority of people working a high nd low paying career, investing wisely is the best and quickest path to wealth.
@@cbarnes5108 that percent is because most people start a business and put no effort into it, no time into, not much money into it or it generally being a pretty uncompetitive ideas like selling iphone cases. If you put the time, money, commitment and with the right mentor/broker, then you're not playing odds, you're just taking risk, it's not like the lottery where its a predictable percentage of odds.. its based on 100 factors.
20 years compounding at 7-8% may create a million dollars but you wouldn't be able to retire at 40 with a million, so there is a big difference between comfortable life (which can be built with saving), and wealthy life, which requires much more effort, proper training, entrepreneurial skills & creating a passive income for yourself (INVESTMENTS) etc. It's a quantum leap between those two lifestyles. 90% of people are capable of the former, but not many are up to for the latter.
One thing I would suggest is learning how to trade with options, specifically covered calls with a stop loss and you can really make good weekly gains and will eventually have enough invested to replace a salary
I appreciate your willingness to share your knowledge and also your struggles so we can avoid similar situations. I'm glad you are doing well today in your buisness.
Who wants to be a landlord of 100 units?? Even with great property managers, you have to hope 100 tenants aren't crazy and burn the place to the ground. I'd rather own growth stocks, collect some dividends, and get rich through capital appreciation.
You can't compare the amount of money and stability that real estate gives you. It's more active, but you can earn way more and reinvest the money into the stock market or even other busines. You can access cashflow way earlier and compound it in higher rates... If you have a great property maneger, you can have the best of both worlds. More money, still relativly passive.
@@geovani20091 Yes. I agree. More money. Earlier money. More consistent money. More guaranteed money, with a good property manager who carefully chooses the RIGHT tenets.
@@barackthecomposer6642 yes! You are right. It's One of the safest ways to store weath, pass it on to you family, etc. The only downside is that it requires more active manegement. But as you pointed out that top can bem solved.
Thank you so much for this wonderful and informative video, Jaspreet. Sometimes we go through troubles in our lives, but if we can look back on them and see our learning experiences, we can then realize that they came to make us wise. Sometimes we don't even have to go through some problems if we can learn from the mistakes of others. Thanks for telling your story and giving the sage advice. Not only were you made wiser, but you've made others wiser, too.
That real estate horror story broke my heart, man. My heart goes out to you for that time, but as you said, that was a crash course in "Real Estate Investing 101" the hard way. My goodness, I would have almost walked away from the market after that and said, "Yeah, there has to be another way to earn income without dealing with people like that anymore." City property inspectors just coming up with items that need fixing at the property just so they can continue to get paid. That sounded so predatory! Fortunately there are REITs (real estate investment trusts) that don't deal with actual people, just the income and mortgages of commercial properties, but those aren't as lucrative short-term (or even long-term) as directly dealing with real estate properties. Still, there are avenues to get into real estate if you choose to go that route. Nice video, Jaspreet! I learned a good bit here from you. :)
I've been a landlord. It's great when the tenant pays on time and didn't tear up your house. But when you get a treatment that stops paying and you evict them, them they tear up the host because they are mad you aren't letting them live for free. You have to spend 10k to get it ready for another tenant.
@@SG-tx1fz Even with insurance, you don't get everything you need. They give you depreciated value. If you pay to get replacement value, it darn their triple the cost of the insurance. So either way I'm still paying out the nose. I'll never have rental property again. It is not for me.
The mistake you don't want to keep repeating is . Before renting..have a written contract of fines and rent in stalment extra month pay! So if the rents 5OO a month -they pay in advance 2month plus( Deposit)! The deposit on day they moving out is your security cover for repairs.. If not..refund in good will! The signed contract makes.people mkre.careful how they treat your house..for then their tied up to repair them or.. Abscond their deposit fee.. N if they threat n refuse to lay after or be deducted.. You have prove to sue or report to police..
@@patrioticpeoplespartyofrev4675 Depending on where the property you're renting out is, while a good idea, isn't always legally allowed. Definitely look into the local laws before purchasing rental property anywhere, and research what the local governments are looking to pass in the near future.
@@sancraft1the mistake you made is buying in a state that does not let you evict right away and press charges for damages to your property. Make sure there us a warning in the lease for the amount of jail time that goes with destruction of property in your state. Also rent to gov workers they dont want to loose their jobs and you can garnish wages.
Dude, I love these basic principles for beginners. I have invested in real estate for 30 years and am now semi-retired. I am in CA and there are no 150k properties. Those left the stage in the mid 90s. What part of the country do you find such properties.
I'm not really a big fan of real estate investing. I have plenty of friends who own rental properties that got screwed by squatters which offset years of cash flow profits. That being said, I would still buy a rental property to diversify my investments. Currently, my stock portfolio is heavy Index Funds, ETFs, and REIT (another way of investing in real estate). I plan on adding dividend stocks. When the market hits a downturn, that cash flow from the rental property will still be there. Also, you can sell your primary house (has to be primary to minimize capital gain taxes) when the market is high and move into your rental property (which will now be your primary). When the market crashes eventually, buy another rental property for less. Repeat every 7-10 years and you can make serious profit.
Thank you so much for your humble transparency and all of the details and experiences you've gone through and are sharing here. For young and even though who have been around the block this is invaluable.
Thank you for sharing your experience. Your transparency is refreshing and I was engaged throughout. You're a great teacher and I look forward to listening to more of your very valuable information.
Hello Jaspreet! Amazing video Thank you for your efforts you are golden! Quick question is there any platform you would suggest that I can use in Australia?
I like the idea of buying physical gold and silver. My question is what would be the first place to start? Where would u recommend purchasing these types of commodities? This may seem like a dumb question but the only time Ive bought gold or silver has been at a jewelry store and Im pretty sure thats not the right place to buy for an investment.
Jaspreet, first point seems incorrect.. It is not a question of you getting a property in $150k but of getting a tenant for $1.5k per month for the said property.. which makes the yield of 12% which you don't get in US.. real estate yield in US hovers around 2.75% which means approx $ 350 per month..
Talking about stocks people automatically buy, I have a real estate stock I own that pays about 17 percent or so in dividends every year. There are high dividend stocks out there if you look! Do your research and find your winner. :)
Largest bag in crypto for passive income is Divi with 25% APY from staking or running nodes and that’s pretty good. As PoS is being accepted by the mass it has a lot of potential to 100x
The biggest mover in crypto is still under a dollar. It is a multi TRILLION dollar project. $1000 invested today will make you a millionaire many times over. If you could, would you invest in a better internet?
Download my FREE Ebook on investing here: briefs.co/yt/build-wealth
WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through RUclips comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Wow this property really made you who you are now that’s awesome I love learning from my mistakes it’s the true edumication lol hands on training
You should make audio version on google podcast.
Hey how do you make multiple property purchases using the business?
How much is the property management company? That has to cut into profits big time
But what if they can... its as simple as an equation
Real estate, own a business, passive stocks, growth companies, gold/silver, crypto 😊
Bless you!
Finally, someone trustworthy, reliable and straight to money talk. It's really great to listen and learn from you 🙏
He is crazy , so easily say buy 10,100, or even 1000 units of apartments and rent it , but he doesn't say how to buy it ? It needs millions to buy ,100 or 1000 units
@@Joyyyyyyyyyyyyyyyyyynot everyone will pay their rents. Renting tenants is not for the weak. What about violent aggressive tenants. Not a fairytale like video make it seem
When you're buying a house (old or brand new) NEVER take a word from the seller's inspector, they get paid off to lie. ALWAYS get your own inspector.
Thanks for the information.
That's a given...
Experience says you're right.
Thank you!
I BOUGHT A NEW 2023 HOME AND DIDNT INSPECT IT. ONLY CAN BE DONE WHEN YOU PAY CASH FOR IT
I admire how you explain how you learn from your mistakes, most people will give "false and inflated" success stories only, saying something like "I bought a property for 300K and sold it for 500K" , or a stock at X price and sold it for 2X price, but they never said their failures. Thanks.
Like grant cardone the snake
So true. I am very grateful for his honesty.
Oooó😊
Now I am 73 years old, retired but I work (which means writing) everyday without any rest. I just enjoy.
Not to take away from the message. This guy has to be the coolest brother in a turban and beard. A good communicator. Message entertaining and informative. For me personally, the video reminds me to check my attitude about lost. Thanks.
Welcome to conservatism. Dont care about turbans, beards or more specifically, mean Tweets.
Americans have tossed their own country under the bus as Trump was ditching 20 regulations for ever new one. The economy was booming, enemies were terrified, cheap gas/food/Amazon, but the media decided to "fortify" the election.
I have property, I have silver, I have a business making cash, I have crypto and by the looks of things its still going to be tight with Brandon.
Enemies were laughing at us with Trump! October is the best month for stocks in 6 years. Trump during his first year was on Obama’s coat tails and his second year was a train wreck. Year 3&4 not to bad.
@@jamesrina6988 Exactly what enemies were laughing? China? NK? Russia? ISIS? Please, do explain what enemies were laughing.
The only ones that were laughing were the left wing media. Brexit and Trump were a shot across the bow for the WEF, UN, Brussels and UN. The very same entities that are controlling the Biden regime right now.
Xi promised to take Taiwan down before hes done. If that happens and the Saudis see that the deal with Kissinger is dead along with Petrol Buck, the US loses the reserve currency.
Russia just signed a deal with the Saudis for military in Aug. The wheels are in motion.
China and Russsia are loading up on gold. China is coming out with a CBDC early next year in the hopes of looting the reserve currency. Hillary and Obama made some enemies a long time ago and they are now coming back atchya.
@@jamesrina6988 you must not get out much..... the people are chanting FJB all over this country at every stadium, and now around the world! Wake up dude from your dreamland. Who cares if ENEMIES were laughing at us? Now the whole world is laughing with this 🤡 administration!
@@jamesrina69880bama is evil
This has to be my favorite financial video ever
You're one of the smartest guys I've ever had the good fortune to come across. God bless you.
you speak non-stop and really fast but the flow of information is like a stream of consciousness from the best knowledge out there.. you were made for this..
You don’t need an attorney! You should ask the inspector to show you the the building code they’re enforcing. They can not ask you to do something that is not in the code book. You can buy code reference from Home Depot.
I am stunned at how many people in 2020 and 2021 bought houses and waived an inspection!!! Unbelievable. No way would I pay more than the listing price and waive an inspection. I will rent until things calm down. I have bought and sold many houses and inspections are incredibly important. As always, great info in this video. Thanks Jaspreet!!
I’m in the process of buying my first house and I couldn’t image buying a home not knowing what the inspector brought to light! They are nuts
I know no one who bought without an inspection. Wow! Do banks allow that.
If you’re paying cash there is no bank or insurance involved. Lots of people are paying cash.
I have bought two houses without a formal inspection and lived to regret it.
Unlike the typical more obvious sewage drain plumbing problems, the most often overlooked and most easily covered up is ELECTRICAL PROBLEMS, especially overloaded circuits done by the previous homeowners or a "Jack of All Trades" handyman who was lazy about setting up and connecting to a new breaker in the panel.
@@jktrkng683 Most banks typically employ a loan officer who is only worried about the numbers, and is clueless as to the pitfalls in home buying.
I personally hate dealing with rental properties, many people do not respect your things and will break/damage things. I don't want that headache anymore, just going to stick with dividend investing and relax.
The trick to that is purchase a warehouse commercial building . The area I work in all commercial Warehouse buildings the person renting it is responsible for any and all repairs with the exception of the roof. If the AC in the office up front tears up tomorrow my boss has to replace it. The type of Warehouse buildings in my area they're all huge concrete wall, AC units are on top of the ceiling only one way up in the building managers the only one with access . there's really not much that someone can damage
@@Kibatsume1 but you still have to deal with people and they’re not always pleasant. I get enough from investments to live very comfortably.
@@oriondragos5876 What kind of investments?
Spot on orion, I would never let anyone rent my house they damage so many things not worth it. Let my money hapily sit in an index forget the password and visit in 10 years
@@LuxMeow high dividend ETFs and mutual funds with individual dividend paying stocks and a tiny bit of bonds.
The most inspiring story I heard you tell was about the house you bought, fixed, and finally sold. You caught my attention and learned to admire your tenacity. I learned about myself through your story and felt better. I made poor choices and lost money, but in the end, it finally worked out. Your story allowed me to understand myself. Thank you ❤
All the ABCs of real estate investment laid out for free. God bless you Minority Mindset.
If your investing experience is less than 10 years start with 5-6 portfolio. Don't bet big on any single company, learn the process first. Initial diversification is not bad, it really worked for me during my early years. Remember that protection of capital is a must. Good luck.
Very true. Also new investors should study the market. Market crashes are an opportune time to protect capital in the sense that one can gain years of growth from the bottom of a crash in a matter of months. this last crash provided over a decade of growth in majority of stock. Always be ready to jump at these opportunities.
@@emilyfranklin8190 My goal last year was to buy a home and I had 10 months to make this happen. I had an investment manager guiding me at this time and I happened to achieve my goal in 7 months and 3 weeks. Bought my $425K contemporary home. So, yes, opportunities do materialize if we don't sleep on them.
@@oneiljerry9460 i doubt they will be a better coach than :samantha leigh wentland
@@marksway7292 oh really.. she's my coach too. look her up online
@Rozay Nelly thanks for the advice. These are lessons you can only learn from experience.
Jaspreet whatever you give you will receive x1000 even more. You give us knowledge, gems, bars, hope. Blessing to you. You and your team are definitely part of my journey to financial freedom, success and generational wealth.
same here. he is so generous with his education vids
This man is doing multiple God’s work. This is hands down the most no nonsense longform financial advice in internet history. When a man is truly wealthy, he often gives his fruits as charity. I’m beyond amazed at what this man and his vision are doing for me. I can only hope to give back like this one day.
Everything seems easy on RUclips
„A penny in theory is worth a pound in taking action“
@@chia.4530 yes
LOL!!! Yeah you right with that comment. Seems soooooo easy here.
@chia.4530 how you go from currency to weights??
@@michaelcambridge1542 easy
I love how you speak your truth. It’s not too long. If I don’t have time. I just come back later to take more notes. Thank you for your knowledge!
Some rental properties don't generate a lot of monthly profit however the property may be appreciating a lot so there are two ways to generate wealth.
Tax savings are super important too. You can pay almost zero in taxes if you do it right
If is is rented, its just like self liquidating...you don’t pay the amortisation, the tenant will
@@freeestyleobsessed
Please tell me how not to pay taxes on rental properties. Thank you very much 😊
Next video please address how to build capital realistically when you are starting from zero...you can't get real estate now without a sizeable down payment and single occupant housing is hard to turn a profit on unless you have positive sizeable equity
Miquel - This video isn't about starting from zero. If you have excellent credit and a decent job, USDA or FHA 203 rehab loans are a place to start.
This gentleman is so inspirational and being in the real estate business in Spain myself for 30 years I can definitely say that all that he has said does happen and will happen unless you do things the way he has suggested.
Great honest videos. Thank you bro.
Especially in Spain, same story here. I feel you. ;-)
Same here, in Spain😂
I can see why East Indian people are wealthy. You have a very practical mindset that works well with the existing way of business, and you have learned how to make the most of opportunities in any economy. What a great informative video. It deserves a thousand thumbs up, not just one. Thanks.
+❶❷⓿❺❸❾❷❷⓿❼❼✅& thanks for commenting/
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
wat
Spot on. The market presents a lot of opportunities to create passive income. It doesn't matter how long you wait, for this market? Opportunities must come. Try new things out and make the best for yourself. I hope y’all win
You hit the nail on the head! I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope
Thought about what to !nvest in but unsure of it. What can I do?
It's best to get started by teaming up with an advisor, and guess what? I'm already partnered with one!
I totally get it! I know the amazing perks of having a pro by your side, but I haven't found one for myself yet either.
I discovered Olivia Charlotte Oswald on the CBNC market interview too, checked her out, and we started our amazing partnership. You should definitely look her up too!
The most honest, most genuine approach to Financial Independence, booyah ‼️✋🏽
A friend said i should trade bullish stocks but do not hold for long. Hw true?
I agree. Trade Uranium stocks through a Profesional (DYOR) do your own research. *Sandra* *Yvonne* *Webster* is good you can look her up.
I remember her from Fenner & Smith great woman.
Swing tradings where its at my friend (you can trade lots of assets, not just paper ones) 😎👌
Studies show that passive investing works better than active on long term
Try dividends stocks because they do pay cash flow and you hold them for the long term.
ETFs will also produce cash flow depending on what you decide you want to invest in. Some of them will require very high minimum balances and some of them are very cheap to buy you have to decide your own risk level and risk tolerance.
May I own multiple different kinds of companies each one pays a different amount and I look at it in the number of days per month that I get paid. My return in percentage has to be at least 6% and above and I found at least 10 companies that do that. You must do your own research however!
Section 8 Rental Income Properties = Recession Proof
Government pays you.
It's not a lot but its fursure,
and mix it with owning Rental Income Properties in middle class neighborhoods.
You don't want the Rich Neighborhoods they will be calling you 24/7 .Trust.
Right on!
Who would be calling you?
@@willeye9126 The tenants with complaints or “needs”.
As a leasing agent and as soon as I started in this career I have been thinking about buying real estate and have rental properties to manage by myself I'm currently in the car 🚗 industry but as soon as I get my hands on property's that's where the real money starts to come in
I like how he speak fluently to provide comprehension and clear ideas. Thank you! 💪
Not gonna lie, I saw 47 minutes and I was about to skip this. But I put it on 1.75x speed and just paused the video to get a pen and paper. There are a lot of actionable gems in here for free. Thanks bro
Jaspreet usually shares good knowledge. I honestly didn't know you could adjust the replay speed. Thanks
Forgot to mention what happened when the covid hit and people didn't pay the landlords. A lot of those landlords went into debt, and they couldn't remove the tenants, and some of those tenants walked off and didn't pay the landlords over a year's worth of rent. This also messed up their credit report.
Those landlords were paid by the government, if they weren't to lazy to apply for the help. Programs were in place to help them cover cost.
These landlords were paid by the government depending on how they applied for the program.
@@firesags8900 lol, you are still talking about this topic. Well, something must have gone wrong with their payment but the landlords received the last laugh because they are raising the rent across the United States and it's nothing anyone can do about it but move out. Someone going to move in and pay that rent price. The landlord is getting their revenge. There or more people in the shelters and homeless on the street. Honestly, if I were a landlord...I would have done the same.
I own a commercial rental property and it was fully rented out through the pandemic. I trained my tenants that we would all be stronger if we worked together; teamwork, I was flexible with them and vise-versa. We made it through together and they never fell behind on their rent. Guess what; they're still with me.
Can you elaborate on the real estate investing? Like, what are the steps you have to take to find a management company to manage your properties for you? What are the requirements/roadblocks to investing in real estate? How do you afford the mortgage, utilities, insurance, and whatever you have to pay the management company and employees for the investment property, AND the mortgage/rent and bills for the place you're actually living when you're just starting out in real estate investing?
He has, many times. Just dig through his backlog. I think they have a full guide too
Man you sound like the greatest most honest person that everybody should want to be like in this life but unfortunately there are more scumbags out there than good people the margin is not even by a long shot thanks for sharing you are extremely educational at least to me🤯
21 minutes in, the Roman Empire, Silver and the dilution of silver, then collapse of empire. Brilliant.
Just wanna say I liked your simple explanation of crypto. It was helpful and easy to understand.
Thanks for the nice investment principles. I'm already doing most of these but will not do investment properties since I don't want to deal with tenants, permits, and rental agencies. There is plenty of income to make without having to own rentals
Please share more.
That was one of the best MM videos I've seen to date. Very informative. i love to hear about other people's mistakes and how they overcome them.
Just the way I would say it too😄. I wonder what we can learn from each other
No one would share such detailed and honest information as him. Phenomenal job of sharing your experience to educate us. You inspire me!
Peace of mind is priceless. Having good tenant is luck but when you end up with a bad tenant and giving you headache and ruin your place.....going through sleepless nights is not priceless...i prefer having to invest in good etf, live moderately/simply, and peace of mind
+❶❷⓿❺❸❾❷❷⓿❼❼✅& thanks for commenting/
Thank you for sharing your experience online. You are awesome 👏 and truly gifted in teaching. I’ve enjoyed your videos even more than watching your interviews. Please keep up the great work!!
This was the best video I have seen in a few years! So much information that was taught well! I swear this is what should get taught in school 🏫!
If everyone knew and followed what’s in this video then it would no longer work. We shouldn’t let these secrets get out 😜😜😜
Thank you for staying true to yourself and not letting the scammers win.
Your nightmare property, lessons learned better early, then later.
You are awesome man, love ur sense of humor, honesty, and clearly intelligent, informed, educated insights!, thanx, im subscribed
❤ ma sha Allah
I have learned more about in investing in this video, than many weeks with others. I can't even find the words. Man, thank you so much for sharing this! God speed!
An Awesome Video.
Everyone needs more than than a Basic Income to be Financially Secured in this present time that there's an Economic Decline
I just struggled to make my first pro-fit of $ 5,800 from my trades and I can't wait to make more , been reading about investors that made as much as $ 380,000 in 2months and I'd really love to know how and what strategies could make me this much proceeds
Congrats , I know the feeling, Endeavor to be discipline
Its great you study the basics before being overwhelmed by the accompanied fortune
I understand your viewpoint , but i beg to differ , I started investing in 2019 and that same year I pulled a profit of about $ 65,000 profit with no prior investing experience , basically all i was doing was seeking guidance / advice from a broker , so you don't necessarily need to be a perfect investor , just have a professional assist you
@@zilknoah9011 How can someone know a professional trader that is trustworthy when legit ones are hard to find this days?
I dig this guys energy.
Brothers talking straight FACTS. thanks bro
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly|
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
I am fully agree with you
We're lucky we are now living in a world of technology and where all the information we need is very accessible to our reach. Investing is a lot easier up to this date compared from years ago and I hope we can all make use of this privilege to our advantage. Wishing everyone all the best!
Excellent narrative for finance management.
What an experience and business journey you've had. Thank you for sharing.
I needed to watch this thank GOD and you for giving real and honest direction concerning business
Jaspreet, would you please expand on owning a Cash Flow Business; specifically would you mention the websites you use to find a business to purchase? I'm also curious about the methods you use to determine whether the business is viable and a good deal. Also, are you referring to crowdfunding, or literally straight-up purchasing, say, a laundromat business, for example?
Good question. I wish he would delve into the specifics a little more
He said, do your research. Spend Hours and Hours, Read and Read where the Successful Assets are! IMO
@@41663 See my above note, it can make you Rich! IMO
Finding tenant in outskirts is very hard and vacancy rate will be v high.
You got good energy bro. Thanks for the video.
Just be aware that many HOA or community associations (such as condo's) are putting restrictions on how many units in the community can be rentals. So know where you're buying.
+❶❷⓿❺❸❾❷❷⓿❼❼✅& thanks for commenting/
Saving doesn’t bring financial freedom, the right investment does. It’s best to always look for means to multiply money, there are lots of opportunities right now to earn.
It can pay off handsomely to think outside the box and go where many investors fear to go.
Stocks trading has proven to be more more than an avenue to generate residual income for me.
@@jackholley4286 Trading can turn on a dime and very few investors have generated a long-term competitive advantage day trading.
@@henryjones6303 Absolutely, I took interest in stock trading 3 years ago but I only began to make tangible profits through the help of my FA Frost Hilda, whose well structured trade system and skills just earned me my first million. He’s been able to build a portfolio that has helped pay off my mortgage and cleared my debts.
Fortune favors the bold when it comes to investing or trading stocks.
in such times as this, you’ve got to make sure you consider having a diverse investment strategy. Your portfolio should have exposure to different areas of the market, including small or large-caps of ETF index, international stocks, grade bonds and alternatives like currency market (forex & digital-ledger) I grew to a 7 figure mark with my portfolio having exposure to different areas of the market Credits to my adviser, Susan Kay Mack..it's been steady growth.
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
I did read about Susan Kay Mack on the web., quite a great resume she has
i'm happy there are lots of people doing so well...Love this channel for the transparency
SCAM ALERT 🔥
thanks for this free, extremely valuable wealth of information brother man!
diversify
real estate
buy rental properties both commerical and residental
buy and flip houses.
stocks: buy stocks you can trade and sell for a profit, buy stocks you hold for dividend.
cash flow plus resell at a profit.
People are complaining about employee wages and this is the more reasons to start your own business. Even if its something small, make yourself your own ceo...
Nevertheless, Investments are easiest means to accumulate money 💰
Agreed 💎
Hello!!
My name is Teresa. I'm 25 yrs old Portuguese & still living in Portugal. At the moment I'm studying more than investing and things aren't going as planned 🤦
I don't have much money but I'll start investing heavily this month. Thanks dude and I really appreciate 🥰.
I wish to gain financial freedom at 30...
Most entrepreneurs fail. We only see the success stories in media. For each of them there are 4-5 failures where people got wiped out. You can become wealthy as an entrepreneur or an employee. The risk profile however is very different between the two. For the vast majority of people working a high nd low paying career, investing wisely is the best and quickest path to wealth.
@@cbarnes5108 that percent is because most people start a business and put no effort into it, no time into, not much money into it or it generally being a pretty uncompetitive ideas like selling iphone cases. If you put the time, money, commitment and with the right mentor/broker, then you're not playing odds, you're just taking risk, it's not like the lottery where its a predictable percentage of odds.. its based on 100 factors.
20 years compounding at 7-8% may create a million dollars but you wouldn't be able to retire at 40 with a million, so there is a big difference between comfortable life (which can be built with saving), and wealthy life, which requires much more effort, proper training, entrepreneurial skills & creating a passive income for yourself (INVESTMENTS) etc. It's a quantum leap between those two lifestyles. 90% of people are capable of the former, but not many are up to for the latter.
This video was created five months ago... if I had seen it sooner... but thanks a whole lot.stay healthy
Awesome video, thank you. I am a real estate agent in the Catskill Mountains of NY & I LOVE the info you provide in these videos. Bravo!
One thing I would suggest is learning how to trade with options, specifically covered calls with a stop loss and you can really make good weekly gains and will eventually have enough invested to replace a salary
QYLD? its a covered call etf that does the work for you correct?
@@elcuh9506 I’ve never tried trading QYLD. I’ve been using various stocks and avg about 1% a week gains
Where do u start if u never did anything in the stock market?
property rental is a headache!
True
Not worse than a regular corporate job but almost as bad. I wish i had taken the good gov job when i was offered in college.
I appreciate your willingness to share your knowledge and also your struggles so we can avoid similar situations. I'm glad you are doing well today in your buisness.
Guild♈️unlocks⚛️
Very informative video and in a fast changing society I found this video very helpful. Thank you for sharing
Who wants to be a landlord of 100 units??
Even with great property managers, you have to hope 100 tenants aren't crazy and burn the place to the ground.
I'd rather own growth stocks, collect some dividends, and get rich through capital appreciation.
You can't compare the amount of money and stability that real estate gives you. It's more active, but you can earn way more and reinvest the money into the stock market or even other busines. You can access cashflow way earlier and compound it in higher rates... If you have a great property maneger, you can have the best of both worlds. More money, still relativly passive.
Real estate will make you much wealthier than the stock market, but I wouldn't want to deal with that many tenants either.
@@geovani20091
Yes. I agree.
More money.
Earlier money.
More consistent money.
More guaranteed money, with a good property manager who carefully chooses the RIGHT tenets.
@@barackthecomposer6642 yes! You are right. It's One of the safest ways to store weath, pass it on to you family, etc. The only downside is that it requires more active manegement. But as you pointed out that top can bem solved.
Too many variables to count when it comes to real estate. Depending on the mental state of a dozen different tenants is a losing proposition.
Thank you so much for this wonderful and informative video, Jaspreet. Sometimes we go through troubles in our lives, but if we can look back on them and see our learning experiences, we can then realize that they came to make us wise. Sometimes we don't even have to go through some problems if we can learn from the mistakes of others. Thanks for telling your story and giving the sage advice. Not only were you made wiser, but you've made others wiser, too.
Exactly 💯❤✨
Great video! Amazing how you clearly explain these complex topics in basic form.
This is good information! We just need to keep in mind all the other things when buying property to rent. Insurance, maintenance, tenants ect.
year by year you getting better and better ! thank you! I will see all your video!
Singh doing the right thing!
Absolutely great advice!
AWESOME!! STRAIGHT TO THE POINT!!
That real estate horror story broke my heart, man. My heart goes out to you for that time, but as you said, that was a crash course in "Real Estate Investing 101" the hard way. My goodness, I would have almost walked away from the market after that and said, "Yeah, there has to be another way to earn income without dealing with people like that anymore." City property inspectors just coming up with items that need fixing at the property just so they can continue to get paid. That sounded so predatory!
Fortunately there are REITs (real estate investment trusts) that don't deal with actual people, just the income and mortgages of commercial properties, but those aren't as lucrative short-term (or even long-term) as directly dealing with real estate properties. Still, there are avenues to get into real estate if you choose to go that route. Nice video, Jaspreet! I learned a good bit here from you. :)
Don't buy in corrupt Democrat-controlled cities.
I've been a landlord. It's great when the tenant pays on time and didn't tear up your house. But when you get a treatment that stops paying and you evict them, them they tear up the host because they are mad you aren't letting them live for free. You have to spend 10k to get it ready for another tenant.
And that's why you buy insurance
@@SG-tx1fz Even with insurance, you don't get everything you need. They give you depreciated value. If you pay to get replacement value, it darn their triple the cost of the insurance. So either way I'm still paying out the nose. I'll never have rental property again. It is not for me.
The mistake you don't want to keep repeating is .
Before renting..have a written contract of fines and rent in stalment extra month pay!
So if the rents 5OO a month -they pay in advance 2month plus( Deposit)!
The deposit on day they moving out is your security cover for repairs..
If not..refund in good will!
The signed contract makes.people mkre.careful how they treat your house..for then their tied up to repair them or..
Abscond their deposit fee..
N if they threat n refuse to lay after or be deducted..
You have prove to sue or report to police..
@@patrioticpeoplespartyofrev4675 Depending on where the property you're renting out is, while a good idea, isn't always legally allowed. Definitely look into the local laws before purchasing rental property anywhere, and research what the local governments are looking to pass in the near future.
@@sancraft1the mistake you made is buying in a state that does not let you evict right away and press charges for damages to your property. Make sure there us a warning in the lease for the amount of jail time that goes with destruction of property in your state. Also rent to gov workers they dont want to loose their jobs and you can garnish wages.
No other aside guild💨unlocks
I really appreciate all your videos, I’ve learned so much in the past 4 months! Thank you
GREAT video. A must watch. Sending to my teenage boys too. I want them to be light years ahead of me financially. Thanks Jaspreet & Co.
A good father you are. Salute.
Thanks for the knowledge that you have shared. Please let me know, if ETFs give dividends too or is it a different kind of ETFs?
Spot on level headed advice. 👍👍
Ty my spirit kept telling me to go to RUclips. This video was exactly what I needed.
Dude, I love these basic principles for beginners. I have invested in real estate for 30 years and am now semi-retired. I am in CA and there are no 150k properties. Those left the stage in the mid 90s. What part of the country do you find such properties.
I live in Buffalo. Paid under $50,000 for my house 5 years ago. Houses around here are $150,000 for a decent starter home.
Virji.. I'm a superfan of your channel..
Learned a lot from you
Thank you so much
I'm not really a big fan of real estate investing. I have plenty of friends who own rental properties that got screwed by squatters which offset years of cash flow profits. That being said, I would still buy a rental property to diversify my investments. Currently, my stock portfolio is heavy Index Funds, ETFs, and REIT (another way of investing in real estate). I plan on adding dividend stocks. When the market hits a downturn, that cash flow from the rental property will still be there. Also, you can sell your primary house (has to be primary to minimize capital gain taxes) when the market is high and move into your rental property (which will now be your primary). When the market crashes eventually, buy another rental property for less. Repeat every 7-10 years and you can make serious profit.
I've had rental property... sold it.
Have been watching your videos long, thank you for sharing your experiences and knowledge with us.😊
Good insight. Smart Guy! I like the diversification across asset classes. This is a good plan.
Thank you so much for your humble transparency and all of the details and experiences you've gone through and are sharing here. For young and even though who have been around the block this is invaluable.
Thank you for sharing your experience. Your transparency is refreshing and I was engaged throughout. You're a great teacher and I look forward to listening to more of your very valuable information.
You are a good man , enjoy your channel from Vancouver Island British Colombia .subbed
Hello Jaspreet! Amazing video Thank you for your efforts you are golden! Quick question is there any platform you would suggest that I can use in Australia?
Thank you
I like the idea of buying physical gold and silver. My question is what would be the first place to start? Where would u recommend purchasing these types of commodities? This may seem like a dumb question but the only time Ive bought gold or silver has been at a jewelry store and Im pretty sure thats not the right place to buy for an investment.
You can but from online dealers. They will pay for shipping if you buy a minimum.
Jaspreet, first point seems incorrect.. It is not a question of you getting a property in $150k but of getting a tenant for $1.5k per month for the said property.. which makes the yield of 12% which you don't get in US.. real estate yield in US hovers around 2.75% which means approx $ 350 per month..
This is so good and practical; I appreciate the education.
Talking about stocks people automatically buy, I have a real estate stock I own that pays about 17 percent or so in dividends every year.
There are high dividend stocks out there if you look! Do your research and find your winner. :)
What ones do you invest in? Top 10!?
@@CurtissCain Orchid Island (ORC) is the one I've had the most luck with. Do your own research though, it's been on a downtrend. :)
Largest bag in crypto for passive income is Divi with 25% APY from staking or running nodes and that’s pretty good. As PoS is being accepted by the mass it has a lot of potential to 100x
The biggest mover in crypto is still under a dollar. It is a multi TRILLION dollar project. $1000 invested today will make you a millionaire many times over.
If you could, would you invest in a better internet?
Which one?
@@Investormillard Divi
Wow thanks for the amazing video! Have been binge watching your videos😍