Are they lying to us about REALESTATE investing⁉️
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- Опубликовано: 3 авг 2024
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00:00 - Intro
01:16 - Who to follow and why?
02:03 - Dave Ramsey - Buy in Cash
07:20 - Grant Cardone - $2BN Debt
11:04 - Replacing 9-5 job with passive income
12:56 - The 3 Scenarios and solution to retire
18:53 - Outro
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).
I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
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My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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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 😊
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.
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.
🙌🙌
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.
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?
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❤
🙌🙌
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.
What about the inflation in India? Would 6-7 lacs/pm be enough in 2054?
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 :)
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
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…