This man has single handedly changed my view on life and work. Before I thought I’d work till I die and be miserable but now I have a clear plan and a good idea on how to start. Thank you Sean!
Sean I'm seeing some mobile homes available that I think I might be able to cash flow well. Is there a reason to avoid mobile homes or do I just have a stigma?
Hey Madison, I know several people who invest in mobile home parks because of the higher cashflow. The major downside is that you're dealing with a tenant base that may not be able to afford the monthly payments, so even though the proforma numbers look good, your actual returns will be less.
Is it possible to get a house in mortgage and sell that house in profit and pay full payment to the bank ??? If yes then give a example how can it be done ,plz brief it...thanks
Yes, it's definitely possible. When you sell the home, you need to pay off the outstanding principal balance to your lenders and keep the rest. So if the property increases in value during that time, you'll make a profit!
@@seanlovesrealestate So there will be no problem of bank ,what if bank ask me that u bought the house in mortgage loan so u can't sell the house before give us the full payment ..
I make it part of my savings goal before I buy a property. Then once we own it, we take 10% of the gross revenue and keep it in a separate account so that we have enough to cover any surprise expenses
Thank you! I always looked down on people who were into real estate since I never quite understand the value of passive income. You made it incredibly simple to understand which is great because I’m honestly very simple minded and need a step by step explanation to properly memorize what I’m learning.
Sir, i am a student. I am from Bangladesh. I have 50000taka or 500 bollar. I want to invest. Can you plz help me plz plz plz plz plz..... I want to invest for my haiyer study’s... Love yor video 🖤🖤🖤🖤
That’s what I did! I left my job when I’m in a stable position. I actually shared my story recently how I quit my job. Best of luck in your journey, Gina! ☺️
I just got out of collage and got a job which pays me around 22000$ i am currently in debt of 157000$ and i know i should start investing but with rent,student loans and other expenses i am able to save very little portion of my money. I took student loan because i was told it was good but now i realise i am stuck in it. I want to get started with investing and real estate but i cant save enough.please can you give me some advice to start investing
I think your first step is to find a job that pays more than $22,000, especially if your debt is at $157,000. Create a savings plan and stick to it while building up your credit score!
✅ Attend our FREE "How to buy your first rental property masterclass" here: www.goodsweethomes.com/how-to-buy-your-first-rental-property-masterclass/
This man has single handedly changed my view on life and work. Before I thought I’d work till I die and be miserable but now I have a clear plan and a good idea on how to start. Thank you Sean!
Thank you for watching! I’m glad that the video is helpful. Take action and never give up until you reach your goal!
Thank You Sean
You’re welcome! ☺️
After beginner years do you recommend getting a real estate license?
I don't think a real estate license is necessary to invest in real estate.
Sean I'm seeing some mobile homes available that I think I might be able to cash flow well. Is there a reason to avoid mobile homes or do I just have a stigma?
Hey Madison, I know several people who invest in mobile home parks because of the higher cashflow. The major downside is that you're dealing with a tenant base that may not be able to afford the monthly payments, so even though the proforma numbers look good, your actual returns will be less.
Very well made video. Thanks Sean :)
Thank you for watching! ☺️
If i wanna go to college and and prob gonna get alot of debt… how would i then invest into real estate? Do i wait until my debt is payed?
I highly recommend to get a stable job first and build multiple income streams such as having side hustles.
Thank you sean
Cool video!
Appreciate you watching! ☺️
this is good
Thanks!
Is it possible to get a house in mortgage and sell that house in profit and pay full payment to the bank ??? If yes then give a example how can it be done ,plz brief it...thanks
Yes, it's definitely possible. When you sell the home, you need to pay off the outstanding principal balance to your lenders and keep the rest. So if the property increases in value during that time, you'll make a profit!
@@seanlovesrealestate So there will be no problem of bank ,what if bank ask me that u bought the house in mortgage loan so u can't sell the house before give us the full payment ..
@@mrneal634 If you have a mortgage for $400k and you sell it for $500k the mortgage get paid off when you sell it and you keep the $100k.
thank you sir
Most welcome, Shiva!
Hi sean!
Any tips on how to save “cash reserve” for each property ?
I make it part of my savings goal before I buy a property. Then once we own it, we take 10% of the gross revenue and keep it in a separate account so that we have enough to cover any surprise expenses
Awesome Video👍👍👍👍👍👍
Thanks for watching! ☺️
Great breakdown, Sean! I hope you and Sharon are doing well!
Thank you! Appreciate you watching. ☺️
Hi it’s me
Hey!
Love your content
Thanks, Jacob! 🙌🏻
Sean, excellent video! Great info! Thank You!!! Any tips on how to pay the mortgage faster? Please let me know.
Thanks
Thanks, Antonio! I have a video on how to pay your mortgage faster. You can watch it here. ruclips.net/video/2vvvwRPpzN8/видео.html
@@seanlovesrealestate
Sean, let me watch it.
Thank You so much! & Congratulations on all you have achieved!!
No worries. Appreciate it. Best of luck on your journey!
Thank you! I always looked down on people who were into real estate since I never quite understand the value of passive income.
You made it incredibly simple to understand which is great because I’m honestly very simple minded and need a step by step explanation to properly memorize what I’m learning.
Glad you enjoyed it!
first
I love how you explained this! You made it easy to digest. Real estate is for sure the best investment to achieve financial freedom!
Appreciate you watching! ☺️
Sir, i am a student. I am from Bangladesh. I have 50000taka or 500 bollar. I want to invest. Can you plz help me plz plz plz plz plz..... I want to invest for my haiyer study’s... Love yor video 🖤🖤🖤🖤
100% agree, i'm slowly buidling my portfolio and looking forward to quitting my job in a few years!!!
Look into Pace Morby if you dare, he teaches how to acquire deals for your portfolio without your cash.
That’s what I did! I left my job when I’m in a stable position. I actually shared my story recently how I quit my job. Best of luck in your journey, Gina! ☺️
Can i ask you a question? Since when did you start your first ever investment? And how much did you invest?
I bought my first rental in 2016 for 78,000. I covered the buyer's closing costs so it ended up being around $82k
I just got out of collage and got a job which pays me around 22000$ i am currently in debt of 157000$ and i know i should start investing but with rent,student loans and other expenses i am able to save very little portion of my money. I took student loan because i was told it was good but now i realise i am stuck in it. I want to get started with investing and real estate but i cant save enough.please can you give me some advice to start investing
I think your first step is to find a job that pays more than $22,000, especially if your debt is at $157,000. Create a savings plan and stick to it while building up your credit score!
Thanks for your advice
I love your content and information you provide keep it up