HOW I PAY FOR MY CAR COLLECTION...
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- Опубликовано: 2 июн 2024
- Let's take a ride in my new Toyota Supra and visit my latest investment property rehab that actually will pay for this new car that I have fun with.
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I'd like to take 200k cash and do something with it but maintenance and repairs on buying my first rental property... I cant see how I'd make money. Plus bad tenants etc.
Don’t let fear stop you from making logical decisions
One word for you…. APPRECIATION
@WillMotivation man i been watching you for years. I know you started out in tech, but you never talked about your first move into real estate. You never talk how much you sold your company and how you used the momey to start real estates. I love your videos man such inspiration
@@4chukwuebukahe did....long series of vids, in depth. Tech company , construction company, real estate etc. He did
I paid $36,000 for it and it's worth around $200,000 according to Zillow
That's what I'm talking about!
These are my favorite type of videos that you make, very motivational.
I agree 💯
We literally just saw you! I was the girl in the chair!!! It was great to meet you!!!!
Nice to meet you!!
@@WillMotivation you too!
I like how you name your projects after your cars. You’re changing the game with that! These kinds of videos are so appreciated! Will Motivation! 🔥
Thank you!
Please do some content on how you find and aquire these properties.
Parking on the lawn like that and then starting the video’s outro at 12:26 when you did the calculations and said “which more than covers the Supra sitting on the lawn outside” was so dope!🔥
Thanks bro
🔥This is your best content.
It's a money video.. yeaaahhhhhh
If you're first starting out get a duplex if you can I got 4 units going for 700 a month each and I only paid 65,000 for the property.
My Brother I am trying to get this started.
Love the cars love the real estate info!
More to come!
Keep going Will
By all means Brother congratulations on your success and I wish your endeavors continue.
I appreciate that
Will you are a motivational to me blessings
Always thank u
Will, keep doing this content.
Big Trees in the front yard can be a problem…roots in the sewer lines.
Old houses like that I like to refinish wood and keep it , rather than carpet and lvp…because of longevity.
Will have you ever planning on doing a service charge for mentoring for a rate?outside the real-estate sections
Sure just email me at get@willmotivation.com
Awesome insight man! This makes me want to rent my house out! Hard to find a house for 50k these days any ideas on where you find a good deal on the houses? just auctions or foreclosures?
I did the video for you it’s in my channel
@WillMotivation Thanks bro ima check it out!!
Love it...
Good stuff, Will. Where do you advertise your rentals and do you have a property manager?
rentals.com, facebook marketplace, apartments.com and I have a person in my office that is technically my assistant that manages the properties for me to an extent. Takes calls and coordinates repairs and just asks me to make decisions on stuff that costs money haha.
It looks very nice sitting on the grass
Could I get the name for those tires? They look great!
They call it "real" estate for a reason!
I've learned a lot over the years how to renovate myself, so I know it'll save me money when I start my real estate investing journey.
Smart man
@@WillMotivation Did have one question, how do you screen for qualified tenants? That's my major concern.
@@rookietoprobuildz I’ll drop a video on this
Keep uploading this type of video Will also car race
Ok I will
That is the power of real estate right there! Anyone out there seeing this just know, real estate may seem tedious at first but when you understand it and invest in it like Will does, it can be very very rewarding! Your multi car garage is much more affordable than you think when you own/invest in real estate! Awesome video Will! Your channel has motivated me so much in life! If only I found your channel longer than a year ago I’d be crushing life today!😭📈📈
Keep fight in for your drrams
Hey Will, curious as to whether you use a third-party management company for you rental properties or if you do it all in-house? Might also help people to understand if you're using a capital reserve account to cover some of the large expenses that might come up when you have numerous rental properties. Great video and thank you for educating us on how to get to this level!
I do all of the property management in house for the moment except for one property in colombia. When you say a “capital reserve account” you mean just having money saved up to handle expenses that can pop up? If so, yes.
@WillMotivation that's exactly right, that's just what we refer to it as in multi-family. Could also be for preventative maintenance big ticket items as I'm sure you know! Hopefully the comments can help this reach more folks. As always, you are appreciated for teaching the people.
Do you have more rental houses then apartment units in your real estate portfolio. I'm currently in Milwaukee, Wisconsin, A GREAT place for rental property. I'm thinking about cashing in some of my crypto and purchasing (no mortgage) a couple duplexes. Then purchase 4-6 unit apt complex later
I have mostly houses
Do you do section 8 with the house and do you have a property manager for it?
No not so far I have not done any section 8 but I am looking to partner with one of my buddies on building a section 8 portfolio soon.
Hey will, hope all is well. I have been watching your videos for a few years now and they have really motivated me a lot. Purchased my first home last year at the age at 29. Wondering how to you use my first home to get multiple homes. Thank you
If you have equity in your house, then you can go to a bank and get a loan based on how much equity you have in your house and with that loan, you can buy more real estate potentially but essentially what people do is say leverage to equity in their home And use that money to buy additional properties either as down payment or pay full price for house if the equity covers it
Will, do you do the mods yourself? Diy? We would love to see it
On the cars? Sometimes yes
Will, just curious but have you ever leased a car or recommend it? Especially if you're one to change it often. Just wanna know your opinion.
Yes I have and have had good experiences with leasing. I’d recommend it if it works out better than financing or buying with cash financially for the person. But yea leases are good but when you can sell a car for more than you buy it for new, then buying is. Enter
How /where do you buy your homes for such a price? What’s your buy box?
Video is just posted on my channel bro
Will how do you find and finance your first project? I live in baltimore
Videos how to find deals is up on my channel bro
Will i like those wheels on the supra what they set u back and the brand name of them pls sir thanks
The wheels are from BC forged and they cost me about $4000 total, but you can go to their website and see all the different styles of wheels. The prices are pretty good relatively
I love real estate.... but unfortunately right now it sucks! If u don't have money to pay in full.. or if your getting the house at a crazy low price is really the only way you can get money in these times. Interest rates are like 7+ for individuals and like 8+ for businesses... and as a business owner, I have to put down at least 25%....
Interest rates are high you’re right but you can still make money.
Supra looks great
Thanks
Did u like the rs3 more or the supra
I like the looks of the rs3 more but the way the shots drives more.
How do you plan on taking advantage of the housing market now and in 2years?
Hold some and keep flipping on the side
🔥🔥🔥
How much money do I need in order to invest into property
Depends on the cost of real estate where you want to invest. You isuakly need about 5% to 20% of the cost of the property when you get a mortgage loan
How many doors are you up to now?
25 now. I had more but sold about 25 or so of them.
@@WillMotivation Nice man very happy for you, I have 9 currently all paid off but I want to start leveraging them to finance more if and when this Florida market drops a bit more.
How many properties do you have
25
So you got rid of the other Lamborghini’s?
I am waiting for them to finish my Huracan with twin turbos. And the new revuelto
I like this video
Thanks 😊
Will what's the house worth now?
I paid $36,000 for it and it's worth around $200,000 according to Zillow
@@WillMotivation that’s where the real sauce is because you can go ahead and borrow up 80% and put that towards a couple more, or can you remortgage it @ 100% for the full 200k?
What is the real estate channel callled
Real estate 101
I was just explaining to my son how I leveraged my first rental home from 23 years ago to send 3 kids to private school and college. That same home is now paying for my new 911.
Just curious what the numbers are and how exactly you leveraged it to pay for the following?
@@TylerRingenberg I paid 19k for my first rental property over 20 years ago. I purchased it at an auction sight unseen. After 1 year I got an equity loan against that property and repeated that process to buy 6 other properties. I used rental income and the sale of two properties to pay off 4 properties and I have no mortgage on those remaining properties. It has not always been easy (I was under water in 2008-2011) and I just paid 10k for a roof, but hose homes helped fund private school and college for my kids , and will now help fund my retirement. There are tons of tax advantages to owning rentals and I am encouraging my kids to do the same.
@@Maxrotor1 nice!!! Currently am 27 and have two rentals and completing a flip right now. Looking to scale my rental portfolio to fund my dream lifestyle
Nice! Can you give tips on buying a home from an auction?
@3yrsncounting That type of auction does not exist anymore. You can buy foreclosures properties on the courthouse steps on the first Tuesday of every month.
RCF
Haha yes finally first to like and comment!
Yea bruh
Everyone hit the like button! Everyone hit the subscribe button too! Keep supporting Will!
Thanks so much
Wut up bo$$
Yooo
How old are you brother?
44 or so
@@WillMotivation you’re motivating, I’m turning 30 this year. I keep feeling like my time to build wealth and enjoy things is slipping away
You need more Asian on your Channel.
Are you Asian? Come on my channel that’s cool 😎
@@WillMotivation I am in California.
💪🏽WILL😎MOTIVATION NEVER EVER DISAPPOINT💯
BLESSING'S UPON BLESSING'S
BUILDING A EMPIRE
🧱BY🧱BY🧱
Amen bro same to you
You had a course about real estate about 3 are 4 years ago I have my first property and I want to thank you so much. Do you have a email address
Yes it is get@willmotivation.com