I moved in with my parents @ 22yrs old worked at walmart saved 40k bought a house @ 25yrs old 1yr later I have 30k equity and now I’m buying my 2nd house today. Slow and steady wins the race
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money..
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million..
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
Yes but a few counters: - claiming somewhere as a primary residence is fine. Doesn’t mean you have to live there forever - a lot of sellers will cover closing costs - after you build up credit you can get better investment lines of credit where there is lower down payment and rates
Can you please make a video about how you select and deal with your tenants, as I’m about to buy my first property to start the process. Thanks! Love the videos
I purchased my first duplex at 20 yo and my 2nd property at 22 yo. Should I use my equity built ($70k property 1 + $80k property 2) ? Or save cash from my other income to purchase another property. ALSO does anyone purchase through unconventional methods ?
So what about the loans from the bank though? You just pay them monthly with the income from the tenants ? If so then how would It profitable ? Amazing video. Literally the best broken down explanation. I'm just got a little lost on paying off the loan. Please help me thanks. 🙏
The rent needs to cover taxes, insurance, and make the mortgage payment. Plus have money left over. That left over money is your cash flow. Deals like that do exist.
Lmao what they never mention is what to do if a couple tenants stop paying rent. You can easily go under if you cant afford to cover all those mortgages 😂
@marcelrodriguez2067 That's why your first rental property should be a 4-plex or a multi-tenant establishment where each tenants rent is almost enough to cover your mortgage. If you do FHA, you would have to "live" in one of the units for at least a year but if one tenant leaves, you're still covered by the rest. The odds of all tenants leaving at the same time are slim to none.
Additionally, you're potentially collecting first and last months rent up front, by let's say three tenants if you live in one of the units. That's enough to potentially cover three months of your mortgage right there. If you have as many houses like he does, you don't worry about a couple tenants leaving lol.
@@jacobshort4536yes but i heard horror stories of owning multiple properties and more then one of the tenants of those different properties not paying rent and now you in a tight situation if you cant affors to pay.
Real estate business looks more professional with a website. If you don't have a website. As a real estate agent, people won't take you serious. And I can help with that if you would like to talk about it😊
I've found that most of the people who say "*you* can't do such-and-such" really mean "*I* can't do such-and-such" or "*I'm too afraid to try* to do such-and-such".
I understand his point. It isn’t so much that people think work is their meaning. But work is money. Less jobs due to robots doing our jobs is going to be tough. There might be a whole generation left behind if they don’t learn new skills as time changes. I believe this is something that happens every century. New ways are made new jobs are made. I already see it in restaurants. You have robots as servers.
Times are not the same. I live in Florida and it’s definitely not cheap down here. So buying a house at these times and the economy and let alone the housing insurance is another mortgage payment. Back then they didn’t require so much and gave mortgages to everyone. It’s so different now. You have a great sales pitch and make it sound so easy for anyone to do it but the reality is you can’t do it here
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
![How I Turned $10,500 into $210,000 at 19 (in 90 days) [Beginner Real Estate]](/img/1.gif)
I moved in with my parents @ 22yrs old worked at walmart saved 40k bought a house @ 25yrs old 1yr later I have 30k equity and now I’m buying my 2nd house today. Slow and steady wins the race
What state was the purchase in?
@@christianperez4309why
Bro in which state did you purchase the house?
@@Juan__16 Florida 10min from the beach! My insurance is cheap cause I have USAA knock on wood
@@christianperez4309 Florida the sunshine state
*Amazing. “How to build wealth, do this..”*
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money..
I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year...
Whosoever tries this sureIy acquires wealth. Get to her..
ELlZABETH GREEN HUNTS..
I flipped homes. Now holding and renting. 🙏
Say that!
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million..
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Patricia V Vesely.
She's a licensed broker here in the states
Buy and hold is the best method when starting out. Then you can trade up and add value. I started a few years ago and now I have over 100 rentals.
Where?
video starts at 6:10
few things hes missing is closing costs and when you only put 3% down you have to claim that property as primary residence for a year.
Yes but a few counters:
- claiming somewhere as a primary residence is fine. Doesn’t mean you have to live there forever
- a lot of sellers will cover closing costs
- after you build up credit you can get better investment lines of credit where there is lower down payment and rates
I'm glad you finally addressed this!
Can you please make a video about how you select and deal with your tenants, as I’m about to buy my first property to start the process. Thanks! Love the videos
How do you research if an "investment opportunity" is on the level? Ie. "The Island Project"
I understand how you did it BUT after taking the heloc out, don't you have to pay that down?
At what point did you hire property managers?
Thank you Kris 👍
14 watching this
never too early. i’m only 15 😅
Would you rather drop a down payment of 15-20% or pull out a FHA loan and put down 3.5% down to get into real estate
Sucks you can’t use an fha loan to rent a house out
depends on goals but if u can cash flow with only 3.5% do that
@@jaredbills7561get a duplex, triplex or 4 plex
I purchased my first duplex at 20 yo and my 2nd property at 22 yo. Should I use my equity built ($70k property 1 + $80k property 2) ? Or save cash from my other income to purchase another property. ALSO does anyone purchase through unconventional methods ?
What was the down payment on the duplex?
how did you set up the title like is your personal name on it or did yoy go through with an llc?
Should we look for FSBO homes as a first time buyer?
So what about the loans from the bank though? You just pay them monthly with the income from the tenants ? If so then how would It profitable ? Amazing video. Literally the best broken down explanation. I'm just got a little lost on paying off the loan. Please help me thanks. 🙏
The rent needs to cover taxes, insurance, and make the mortgage payment. Plus have money left over. That left over money is your cash flow. Deals like that do exist.
Lmao what they never mention is what to do if a couple tenants stop paying rent. You can easily go under if you cant afford to cover all those mortgages 😂
@marcelrodriguez2067 That's why your first rental property should be a 4-plex or a multi-tenant establishment where each tenants rent is almost enough to cover your mortgage. If you do FHA, you would have to "live" in one of the units for at least a year but if one tenant leaves, you're still covered by the rest. The odds of all tenants leaving at the same time are slim to none.
Additionally, you're potentially collecting first and last months rent up front, by let's say three tenants if you live in one of the units. That's enough to potentially cover three months of your mortgage right there. If you have as many houses like he does, you don't worry about a couple tenants leaving lol.
@@jacobshort4536yes but i heard horror stories of owning multiple properties and more then one of the tenants of those different properties not paying rent and now you in a tight situation if you cant affors to pay.
I don't have any credit cards, but if I got 2 for food and gas what would I use the third one for?
Real estate business looks more professional with a website.
If you don't have a website. As a real estate agent, people won't take you serious.
And I can help with that if you would like to talk about it😊
The submit button is not working on the website
Isn't that 3% only for your primary residence?
I've found that most of the people who say "*you* can't do such-and-such" really mean "*I* can't do such-and-such" or "*I'm too afraid to try* to do such-and-such".
Hi, your link button doesn’t work. How do I get a copy of your book?
How Can i get mentorship from him ?😅
Hey how can I use a shipping address and a billing address which are different. My cc is my billing address which you do not have on file....
I’m having the same problem
you are amazing dude
I understand his point. It isn’t so much that people think work is their meaning. But work is money. Less jobs due to robots doing our jobs is going to be tough. There might be a whole generation left behind if they don’t learn new skills as time changes. I believe this is something that happens every century. New ways are made new jobs are made. I already see it in restaurants. You have robots as servers.
How did your mentor know the house was worth 150K and not the actual owners?
Times are not the same. I live in Florida and it’s definitely not cheap down here. So buying a house at these times and the economy and let alone the housing insurance is another mortgage payment. Back then they didn’t require so much and gave mortgages to everyone. It’s so different now. You have a great sales pitch and make it sound so easy for anyone to do it but the reality is you can’t do it here
You can certainly do it there.
what about Los Angeles, CA?
nah gang way way too expensive
At what age can you start real state?
18
6 with parents
Is the book thing real?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
So if I’ve been in business 2 years I can get a house?
I’d like your book.
How can i partner with you on business?am from South Africa
This is doable -we have the created in 2024 with 3 months.
Honestly character matters, you should start on that Chris.
14 years ago my dad got a house for $70,000
Strait path
Do I need a real estate license to buy a house fix it up and sell it?
No
I would like a property in my state. Not 1000 miles away.
Started at 15
No lol
How does a real estate investor die?
Let me get a mentorship!
You’re a salesman bro! Trying to sell your program. Done following you!
I can’t live with my parents so I have just to work on saving
How do you acquire 25 properties while in College with that sort of DTI ratio?😂
Very interesting
who could ever believe this
JESUS LOVES YOU ALL ❤
tax rent to 0 and cancel public school