The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... Stock)
New immigrants are getting fooled by the idea of leaving their 9-5 job and being rich by just buying new properties with debt. This is a good video. People should understand that real estate investing is not just buying properties and no net cash flow.
Few days back I happened to listen to a top realtor interview wherein he insists on focusing on being a realtor and not getting attracted towards investing in the properties we are showing as this will force us to get addicted to this adapting leverage. Real estate market is not predictable always. This is what happened to Dave Ramsey. For a starter atleast for first few years safe route would be ideal
Good Analysis. I totally agree with tailoring the plan according to your personal needs. I would like to join in with you on your real estate business journey, If not actively then passively for sure.
They are both correct...pay off or pay cash for your primary residence(homestead).........finance your rental properties, that way you have SECURITY something to fall back on.
You didn’t go through Dave Ramsey complete investing and house philosophy… Dave’s plan is to pay 20% down on a 15 year loan and trying paying it sooner. Then with no more mortgage the cash will enable one to buy properties in cash or with a lot of down payment. What u forget is that any debt is a risk, which people easily miscalculate… many tried what u said during the housing crash and lost everything… all it will take is a major recession and tenant occupancy fallout to crash the model … cash is always king and debt is always dumb.
Thank Nav, i totally relate to your point as I do the same but definitely need to do much more to catch up to your level :). Btw the link for newsletter was not in description nor on website.
All The Parasnath, Amrapali, Jaypee Infra, Omaxe and many more all in business of real estate gone bust and in pathatic state.. Do research 5 years back India, 10 years back Japan, 7 years back UAE, 2008 USA, 2023 UK and Germany, 2022 China....never try to time the market and bubbles.
Mind blowing video sir 🔥 You break it down so well ! These influencers confuse us where to go & which path to start ! Atleast a clarity had came into my mind sir coz i also want to get into real estate but was very confused which pathway to choose , Thanky❤
Navjotbhai, i saw your video on insta about getting term insurance if someone owns a house (mortgage ofc). Do they need to purchase the term insurance separately or one can also get it from the bank where one got the mortgage from?
End of this video is over simplifying earning $100K a month, $1.2m a year in net profit.. it’s not that easy to have $1.2m net income per year.. even with a business it would need to be a $10m business to that!! This guy is just selling false narrative at the end of the
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... Stock)
New immigrants are getting fooled by the idea of leaving their 9-5 job and being rich by just buying new properties with debt. This is a good video. People should understand that real estate investing is not just buying properties and no net cash flow.
Few days back I happened to listen to a top realtor interview wherein he insists on focusing on being a realtor and not getting attracted towards investing in the properties we are showing as this will force us to get addicted to this adapting leverage. Real estate market is not predictable always. This is what happened to Dave Ramsey. For a starter atleast for first few years safe route would be ideal
Very well explained as usual and hats off to research done on this topic 🎉
Thank you 😊
Good Analysis. I totally agree with tailoring the plan according to your personal needs.
I would like to join in with you on your real estate business journey, If not actively then passively for sure.
🙌🙌
They are both correct...pay off or pay cash for your primary residence(homestead).........finance your rental properties, that way you have SECURITY something to fall back on.
You didn’t go through Dave Ramsey complete investing and house philosophy… Dave’s plan is to pay 20% down on a 15 year loan and trying paying it sooner. Then with no more mortgage the cash will enable one to buy properties in cash or with a lot of down payment. What u forget is that any debt is a risk, which people easily miscalculate… many tried what u said during the housing crash and lost everything… all it will take is a major recession and tenant occupancy fallout to crash the model … cash is always king and debt is always dumb.
Thank Nav, i totally relate to your point as I do the same but definitely need to do much more to catch up to your level :). Btw the link for newsletter was not in description nor on website.
Thanks. Its in the bio (the first line)
All The Parasnath, Amrapali, Jaypee Infra, Omaxe and many more all in business of real estate gone bust and in pathatic state.. Do research 5 years back India, 10 years back Japan, 7 years back UAE, 2008 USA, 2023 UK and Germany, 2022 China....never try to time the market and bubbles.
Thanks Nav, would like to see how you plan to reach the 1 million$/ annum by breakdown of your sources of revenue/ income
Soon! When I am close to it.
But it’s mostly going to be 50% realestate / mortgages and 50% education
Mind blowing video sir 🔥
You break it down so well !
These influencers confuse us where to go & which path to start !
Atleast a clarity had came into my mind sir coz i also want to get into real estate but was very confused which pathway to choose , Thanky❤
🙌🙌
Hey Nav, minor correction, TFSA limit for 2024 is $7000. You cant put $1000/month in TFSA.
Thanks Shobhit!! 👍
I meant a couple - each doing $500 a month.
Makes sense
Hey Navjot , can you clarify the 12,000$ / month you mention for retirement is for a couple or per person?
He will only reply to appreciation not questions.😂
For a couple :)
Navjotbhai, i saw your video on insta about getting term insurance if someone owns a house (mortgage ofc). Do they need to purchase the term insurance separately or one can also get it from the bank where one got the mortgage from?
What about the inflation in India? Would 6-7 lacs/pm be enough in 2054?
After bankruptcy no one would have given money to Dave for his real estate which is why he is into cash
Why at retirement you want $ 3-4 per month. If you have mortgage or schooling, you just need $1500 per month and $500 per month as other expense.
Because he doesn’t live in a basement lol
Everyone is different :) do check my video on retirement to see the breakdown
An intelligent investor not put all eggs in one basket and used all options gold silver bond stock beside real estate.
End of this video is over simplifying earning $100K a month, $1.2m a year in net profit.. it’s not that easy to have $1.2m net income per year.. even with a business it would need to be a $10m business to that!! This guy is just selling false narrative at the end of the
Ofcourse it’s not easy. I have been sharing my journey all along and will continue to do so - the good and the bad.
We are very excited about your journey!
Don't just copy and paste others, please create your own content as well
Keep dreaming, stop living in dreamland…