Thank you @yukkirito6206 , for the idea for this video. The concept is quite confusing and hard, so I revised the script and scenes three times. :) Sorry for the delay. Let me know if you understand my explanation or if you have any questions or suggestions. :)
Thank you so much! I'm thrilled to hear that my video helped you understand the topic better. If you have any other questions or topics you'd like me to cover, just let me know! 😁
Thank you! I'm glad you enjoyed the video. Your suggestion for the next video on finding good real estate and buying it with zero down is interesting. I’ll keep it in mind for future content! Stay tuned! 😄
The terrifying thing known as ✨️ Risk ✨️ Let's say you secured a mortgage and found a house, thats awesome. But now, you gotta advertise the property until you find someone to rent it to. But here's the thing, that costs money. And another thing to take into consideration is that the time it takes to find someone could take months, even years, making all those expenses such as the loan interest, property tax, and such and such rack up, meaning less money for you. And sometimes homes can depreciate, so you might have to rent lower than what you intended to rent it for, making you either breakeven or lose money from the loan interest. (Oh yeah don't forget the expenses, you gotta make the rent cover those too.) And even the tenant could be a liability. If something breaks, depending on the situation, YOURE the one who's gonna have to pay for all the repairments. So more money out of your pocket. Again.
@@herrscherkiller3432 yeah pretty much, and usually rich people use real estate to "park" their money (meaning they really buy real estate so they have somewhere it could potentially appreciate, not for them to make as a main income stream) so they don't worry about all those expense, infact they use those expenses for tax breaks. (I think explains 101 talks about this somewhere in his tax video, he explains it better)
@@enimation4924That's impossible. Wealth is relative. Right now, if you have $1 billion, you are considered rich. But if everyone had $1 billion, even homeless people, then $1 billion would have no value anymore. Everyone would effectively become poor with $1 billion. This is a simplified definition of inflation :)
Thank you @yukkirito6206 , for the idea for this video. The concept is quite confusing and hard, so I revised the script and scenes three times. :) Sorry for the delay. Let me know if you understand my explanation or if you have any questions or suggestions. :)
You explain it mad simple and fun to understand unlike the rest of these RUclipsr talking for an 1 or 2 🤦🏾♂️
I’ve never understood this topic until this video. Thank you very much
Thank you so much! I'm thrilled to hear that my video helped you understand the topic better. If you have any other questions or topics you'd like me to cover, just let me know! 😁
The rich get richer and the poor get poorer because of debt
I legit got recommended your video at least 30 times. But today I gave in and gave you a sub. And watch this video too. 5/5 star no drama
Very impressive research i must say.
Next video suggestion how to find good real estate and buy it at zero down
Thank you! I'm glad you enjoyed the video. Your suggestion for the next video on finding good real estate and buying it with zero down is interesting. I’ll keep it in mind for future content! Stay tuned! 😄
This is extraordinary! Thanks for your kindness to share these valuable informations.
So in the end does the bank take the stocks to get their money back? How do they avoid loosing their collateral ?
Hello, which one do you want to know? The Buy, Borrow, Die strategy or Elon Musk one?
Awesome video bro! Loved the simple and detailed explanation:)
I love your videos , I would like a video comparing saving vs investing , I want to know more
What stops ordinary people from doing that? If we don't use our money for it, can't i for example just borrow these money to buy houses to rent?
The terrifying thing known as
✨️ Risk ✨️
Let's say you secured a mortgage and found a house, thats awesome.
But now, you gotta advertise the property until you find someone to rent it to.
But here's the thing, that costs money.
And another thing to take into consideration is that the time it takes to find someone could take months, even years, making all those expenses such as the loan interest, property tax, and such and such rack up,
meaning less money for you.
And sometimes homes can depreciate, so you might have to rent lower than what you intended to rent it for, making you either breakeven or lose money from the loan interest. (Oh yeah don't forget the expenses, you gotta make the rent cover those too.)
And even the tenant could be a liability. If something breaks, depending on the situation, YOURE the one who's gonna have to pay for all the repairments. So more money out of your pocket. Again.
@@RaZaVex So, for short there's the risk to lose those money, and rich people can afford to lose them.
@@herrscherkiller3432 yeah pretty much, and usually rich people use real estate to "park" their money (meaning they really buy real estate so they have somewhere it could potentially appreciate, not for them to make as a main income stream) so they don't worry about all those expense, infact they use those expenses for tax breaks. (I think explains 101 talks about this somewhere in his tax video, he explains it better)
great video , thank you.
Thank you so much! I'm glad you enjoyed the video.
good job 👌
Have a feeling this guy will make me finally understand how crypto currency work
Guess what? Cryptocurrency video is out now 😆😆😆 Watch it now 😊
Thanks for Great videos & memes include it 😂😂
Very interesting
Thank you so much! I'm glad you enjoyed the video 😁
Too bad i'm not rich
Yeah, me too :(
Hope everyone here will be rich someday 😆
@@Explains101 could that really be possible?
@@enimation4924Yes, nothing is impossible 😁, people with determination, dedication, and big dreams will definitely achieve success!
@@Explains101 But for everyone in the nation (USA) to be rich at the same time? Could that be possible?
@@enimation4924That's impossible. Wealth is relative. Right now, if you have $1 billion, you are considered rich. But if everyone had $1 billion, even homeless people, then $1 billion would have no value anymore. Everyone would effectively become poor with $1 billion. This is a simplified definition of inflation :)