🛑BEWARE OF SCAMS IN THE COMMENTS! 🛑If you enjoyed this video, you should watch - How To Buy A Home The Right Way: ruclips.net/video/gz5LjPFO1NY/видео.html
My goal before the pandemic was to do rentals (SFH and 4plex) but these eviction bans have really shaken my faith in this. What is your view on the eviction ban? 2 of my friends with rentals had tenants who stopped paying.
@@smittyguggs2309 if someone is in my property and not paying for use of that asset, they need to be gone. The government shouldn’t have that authority. And it completely changes my interest in renting residential property if they can. If the government wants to pickup the tab, then ok, but otherwise that tenant needs to go.
I want to invest in rental property but idk if a bank would lend me money due to my debt to income. Do the banks take the investment property income in the loan:debt factor? That's the only reason I havnt applied because I don't think I could take in more loans. Or do I get a land contract, rent it, then try and get a loan since you can show proof of income?
Facts you just gotta have that minority mindset. Your family will find you weird not doing the traditional college university route but will thank you later for the Mansion you buy for them later and the financial freedom you created.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!
My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up..
I have always enjoyed how Jaspreet relays his messages. Unlike many others; the manner in which he approaches his lessons of finance are never condescending or arrogant. He comes accross as being so down-to-earth, humble and genuine in his teachings. At the end of each video I have a sense of empowerment and a wealth of usable knowledge, opposed to feeling lost in the financial lingo or feeling stupid when bombarded with concepts that go over your head. Keep your approach the same, Jaspreet. You and your team are undoubtedly deserving of reaching the 1M mark. We truly appreciate it!!
I totally agree!! He seems like one of the only big finance RUclipsrs that doesn't seem like they're milking the RUclips and course money, and the videos aren't just basic info or misleading surface level info like so many others! I actually feel like I'm learning something! He holds 100% of my respect!
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
Has to be stocck. Made my first millions through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
One thing you missed regarding property management companies. The good ones are well versed in landlord/tenant laws, so they will guide you away from troubling people and issues. They also protect you from yourself...
The city laws are super important, it once took my father 6 months to evict a family that didn’t pay rent . We lost out on nearly a years worth of rent .
jaspreet please duplexes are selling for 600,000 and up how am i going to make a profit there is nothing selling for 150,000 like you explained in your viedo
Jaspreet!!! I work in flooring and laminate is not waterproof. They market it that way but it is in reality not. Go with LVP instead, that is true waterproof
I love this channel and value your opinion. I’m not much of a commenter but I know it helps bring the channel more volume… so here I am commenting 😂 this channel provides great to the point information and some good humor. Thanks to the host and all developers
@ Jaspareet can you make video of how to set up LLC and how to property management from states away like programs that do everything and keep track of your properties renters ect?
Hello Jaspreet, I would love to see you do a clip on adding an ADU to rent, the do's and don'ts. It's so expensive to buy in Southern CA, what I am currently working on is building an ADU in the back of my property. My hopes is I can rent this ADU for enough to just cover my mortgage payment I currently living in and paying or close to it. I would do this for a year so I can save the $$ income from the back rental. Then after a year "hopefully" house prices will come down just a bit and I can move out of the property itself and rent both the home I'm living in and the ADU I am adding. The ADU pays for the front house, the front house would help pay 1/4 of my new home and the rest I would save another year to cover emergencies then after the year I would take the 3/4 and add it to the 1st original house mortage to pay it off faster. Anyway, love to see you talk about this.
I agree with you that real estate is a fantastic investment opportunity, and owning a tangible asset provides peace of mind. Your 10 tips for buying your first rental property were very informative, and I appreciated your advice on location, cash flow, negotiations, inspections, financing, legal matters, renovations, finding tenants, making the property passive, and selling the property. I especially appreciated your advice on thoroughly researching the location before making an offer. Walking the neighborhood, looking for signs of neglect or decay, and investigating the flow of money and potential for development are all excellent tips.
Also wanted to chime in that zillow's property manager is a great tool if you have a small number of rentals. It looks at the laws in your state when it comes to building your lease and you can screen your tenants with a background check and credit score right there. I personally love this method and I don't have to pay a property management company for any of it. It's a free tool btw. For a newer property, you could just sit back at this point and watch it make money for you. If your property is older, then definitely have your top 5 (plumber, electrician, etc) numbers on standby. It's not difficult to manage yourself if you've got the willpower.
I appreciate your knowledge man, I have made the first step, after doing my due diligence, to getting pre approved for a loan to get my first rental property. I'm in Baltimore and I can't stand seeing these houses just boarded up in the city but in certain areas new construction is coming in (some areas are already turning around) and that's where Ima scoop up one of these low priced flips and rent it out. I know I can make it happen! 💪🏾
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I have ever met.
I list my available rentals for under the market rate by a few bucks, which guarantees more people will apply. The more applications, the better your chances of finding a solid-gold tenant. I'd rather leave $50 per month on the table than have to deal with eviction issues, constant whining, and unreliable income streams from renters. Remember, YOU get to choose who gets the keys. And you can always raise the rent a little when the first lease expires.
Everyone always gushes about cash flow when it comes to real estate. For me though I am more excited about building equity in a property. Because when you have enough equity you can do a cash out refinance. As long as you don't refinance it for more than you originally paid for the property your payment wont change and since you are technically taking on debt, all that equity that you just pulled out you get to put in your pocket tax free. You can then use that money to buy the next property, or a lambo. 😎 Also since real estate almost always goes up in price over the long term when you are ready you can still sell the property for more than you owe. This way you just don't have to wait until you sell to get access to that money. So even if a property doesn't cash flow as much as you like, every payment is still building some equity that you can tap into.
What a massive amount of knowledge in this video.!!Thank you so much for taking the time to put this out. Best of luck in your real estate journey, to everyone above and BELOW!
Hi, quick question: Do you do any Air BnB properties as opposed to old-school tenants? I know you can make quite a bit more per month leasing short-term rentals, but the operating costs would be higher. Wondering our thoughts on this area.
If you don't have enough cash, is it a good option to pay the down payment cash but taking a loan from a bank? This question is for actually buying your own house.
If you don't have enough cash you'd best go through an agency that lets you pay down a certain amount for the house and they'd cover the rest then it'd be for you to pay the Agency in installments till you get to keep the house. That's how I was able to buy our house in a year
I've only watched 5 minutes, but so far just appreciate you making the video and a breakdown. I have had rental properties in past, but I do not want to work for people for the rest of my life, so I am going back in...
Love the content! Problem with real estate especially in NY where I live is the laws are totally in favor for tenants. On average before covid it took 3-4 months for eviction process. Now with covid it's probably impossible to get someone out without resorting to old school tactics. I'll stick to buying businesses and stocks.
I have been a real estate investor for 42 years. I love real estate; however, I have some advise. Avoid HUD/ Welfare tenants. These folks feel entitled, demanding and lack work ethic. Personal responsibility is an anathema to the welfare class. Since your tenants are making your payments, buy something nice. $ 2,000-$2,500 monthly rent is my prime target. Be fair; what goes around comes around. Don't gouge your tenants. With all cash or fixed mortgage purchase, there is no need to gouge your tenants. It is win/win.
People buying properties as investments is a huge factor in causing the messed up state it is in now. If you have excess cash in your pocket.. dont use it to give yourself a little more, so everybody else can have less.
Your videos are absolutely the best !! your ability to explain in a way that anyone can understand is astonishing !!!! I however have ONE question, regarding renting a property, or selling it? As you know the housing market went nuts when covid hit, and I was unable to purchase a home due to the cash buyers etc.. So we decided to Built a home on a piece of property. Now the way the market is, and rents so high, and homes going up in price to much .. We are thinking of possibly staying where we are for a bit longer.. and when the home is built, do we sell it? or rent it out? reason for a might want to sell is simple, the home isn't even done being built yet, and.. the BASE price of the home, has gone up $100k , and that's the base, we have about $60k in upgrades done to the home, from raising the roof another 2 feet, to glamour master bath/walkin closet, to upgraded stainless steel etc in kitchen appliances.. etc. ) SO that $60k has gone up to have that work done too.. We suspect by the time it's done being built.. we should have about $120k + in equity ) seems if we sell it, pay back $ and take that 120k and purchase a duplex or something?? or should we rent it out, i'm sure we can in this market get $2400 a month for a 4bd /2th home on a little over an acre of land? Just outside the city a bit. .. Another issue is the mortgage rates have climbed.. and we put down 3.5% to have it built, @ 2.75% interest rate. and the mortgage has a clause in it, that if we sell it, we can sell it transferring the 2.75% interest rate with it?? ( I'd never heard of it? but title lady had ) . . SO we are not sure what to do? move into our home, rent it and make at least 700-800 a month extra renting it? or sell it and take the $120k+ .. curious to know what you'd do in the situation?
But if you are making $500 a month on a property you paid $60K down (20% for example), wouldn't it take 12 years just to recoup the down payment and then you actually start making money? I am not saying real estate is bad investment. I am just trying to understand how does the cash flow actually make sense? Now if I was paying 5% down or less, then I understand how the cash flow would quickly turn into profit while the tenant is actually paying the mortgage.
Yes, real estate is tangible........so are the tenants inside the building. That’s the problem to me........people are the biggest challenge there is. Stocks are tangible to me.......i can hold the paper in my hand with the numbers on it. Lol I can sleep at night and make money without dealing with people issues. It’s the stock market for me !!!
Just get a property manager to deal with the tenants for you, they usually cost around 10% of the monthly rent, and most of them only get paid when they collect the rent.
Thank you so much for your videos! They are very informative and you walk us through every step and you also talk about the pitfalls. You keep it real; I appreciate that. Unlike most of these other RUclips videos that only tell you to invest but don't show you how.
How are the Lawyers, the cost of setting up an LLC, Realtors and Inspectors included in the monthly payout? Would setting up a retainer be the way to go? What do you do to find "hungry" people to work with?
Good information. I personally feel that everyone should manage at least one or two of their properties in the beginning. Just for the experience and learning to appreciate the entire process.
Holy crap, I'm about to purchase my first rental property - this video couldn't have came at a better time! I'm petrified to invest but I know it's one step closer to getting out of the dreaded 9-5 life.
You are a blessing my friend. I’m so grateful for your knowledge and experience and your eagerness to help others to improve their financial lives. You are a lifesaver. I pray for your continued success. Many blessings to you and your family.
Hi Jasper, I live in Berlin, Germany. The price of real estate is highly inflated. Would you please take a look at the property scene here and comment on it.
Hi Jaspreet! Regarding rental property... May I know what is the ideal number of units to acquire so that when there are vacancy, the cash flow can still cover the mortgage? Thank you!
Fantastic overview, Jaspreet. I have five rentals and this advice is solid gold. I apply these rudimentary rules every day when looking for my next purchase. Listen to Jaspreet, people. He's showing you how to really crunch the numbers.
Thing to note about leveraging the equity from an investment property: If the investment property has increased in value since you acquired it, using the equity in the property to purchase a new property may result in a higher CGT liability when you eventually sell the investment property.
Sounds like you’re talking about Baltimore City…..homes on the east side of I-83 are more expensive then those on the west side of I-83, when you traveling north from the city’s center.
I have a video suggestion. Some of this doesn’t apply to Airbnb rentals. For example, close to airports and tourist destinations are more important than if there is a Walmart nearby, etc... how about a video explaining the difference in preparation for a long term rental vs short term rental?
🛑BEWARE OF SCAMS IN THE COMMENTS! 🛑If you enjoyed this video, you should watch - How To Buy A Home The Right Way: ruclips.net/video/gz5LjPFO1NY/видео.html
My goal before the pandemic was to do rentals (SFH and 4plex) but these eviction bans have really shaken my faith in this. What is your view on the eviction ban? 2 of my friends with rentals had tenants who stopped paying.
@@TheDiverJim they dont have to stop paying rent. Its an eviction ban that's all
@@smittyguggs2309 if someone is in my property and not paying for use of that asset, they need to be gone. The government shouldn’t have that authority. And it completely changes my interest in renting residential property if they can. If the government wants to pickup the tab, then ok, but otherwise that tenant needs to go.
I want to invest in rental property but idk if a bank would lend me money due to my debt to income. Do the banks take the investment property income in the loan:debt factor? That's the only reason I havnt applied because I don't think I could take in more loans. Or do I get a land contract, rent it, then try and get a loan since you can show proof of income?
@@e8a284 if you are covered in bad debt, you need to fix that problem before you can be in a position to rent property
Every family has a person who breaks the chain of poverty. I hope you will be that person! Real estate is one of those things
Facts you just gotta have that minority mindset. Your family will find you weird not doing the traditional college university route but will thank you later for the Mansion you buy for them later and the financial freedom you created.
1000th time I saw this.
I am that one for my family thanks to these videos, keeping a budget, advancing through work, and eliminating my debts.
@@p3ter408 The mansions for me.
Sadly there's someone in the family who will buy the chains back with stupidity too.
This man is dropping hundreds of dollars worth of knowledge for free.
@SørenCast Z No Doubt, this is a really good video! Great Break Down on Cash on Cash returns and evaluating rental properties to buy/sell
And there are people who pay for this information. Free knowledge this guy is the goat
To be fair he has 1m subs. So its not frer. He is being paid
@@sagepirotess6312 that's fair? 🤡
@@sagepirotess6312 True, but we are not directly paying him for this like you would for other educational courses
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!
My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up..
I have always enjoyed how Jaspreet relays his messages. Unlike many others; the manner in which he approaches his lessons of finance are never condescending or arrogant. He comes accross as being so down-to-earth, humble and genuine in his teachings. At the end of each video I have a sense of empowerment and a wealth of usable knowledge, opposed to feeling lost in the financial lingo or feeling stupid when bombarded with concepts that go over your head.
Keep your approach the same, Jaspreet. You and your team are undoubtedly deserving of reaching the 1M mark.
We truly appreciate it!!
I totally agree!! He seems like one of the only big finance RUclipsrs that doesn't seem like they're milking the RUclips and course money, and the videos aren't just basic info or misleading surface level info like so many others! I actually feel like I'm learning something! He holds 100% of my respect!
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
Money is part of what caused the great depression. . and will again. Lol.but nevermind. Keep worshipping it. . and all the problems it helps maintain.
Great quote by Earl Nightingale
This video has a lot of information. I recently got a propertyy on the high side. Who knows how
Has to be stocck. Made my first millions through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
@@dannywalters958 Who is this pro you worked with please
@@burrussroger7352 Kara Kay Nixon. Look it up
@@dannywalters958 Met her once at a seminar in Dallas. Great speaker.
Stripping?
lol
This videos is so informative, that I turned my adblocker off to show my respect and gratitude.
Adblocker you say ? Tell me more
LOL
@@steveokingz just use Brave Browser if you do not like ads. When I go on RUclips via Brave I do not get those google ads ever 10 friggin seconds lol
Wow so gracious
“Invest in a cute home then you get cute profits “ 😆
16:18
And cute neighborhood
i sincerely thank you passing on your knowledge. you're the man!
Japreet with the wisdom, and what I love is he doesn't try to sell you courses or subscriptions!
One of the only big finance RUclipsrs I don't feel are just trying to milk the money and are actually genuinely wanting to help!
@@trevorbrennan7910 same here. I wont mention names, but some are just monetizing EVERY single thing they can
I'm glad he's not trying to sell us a 7k course like others 😂
@@kirisutegomen12 or post live videos that you have to pay to chat on
One thing you missed regarding property management companies. The good ones are well versed in landlord/tenant laws, so they will guide you away from troubling people and issues. They also protect you from yourself...
Time to let the extra guac build up!🥑
I can't wait to buy my first rental property!
Hey awesome! I'm glad you have 500k sitting around to fucking invest in real estate. Must be fucking nice
You forgot about the Home owners association. Never buy a property without checking HOA, buy only in a rental friendly HOA
He mentioned this
This was the best real estate video I've ever seen, thank you Jaspreet!
The city laws are super important, it once took my father 6 months to evict a family that didn’t pay rent . We lost out on nearly a years worth of rent .
Thats actually the most important rule.
+Roberto gomez
Let me guess, it was in California
don't rent your property in liberal run cities.
should have sold it while they in there
The moment he says "SMASH THAT LIKE BUTTON" I feel like a 1st grader paying attention to my teacher 🤭😂😂😂
Much love for the family
W_H_A_T_$_A_P_P for proper feedback 📩
+_1^^(5 7 4 )^^2..8..5..5..7..4..0
This is, by far, the BEST personal finance channel I've come by. Thank for your generosity.
This channel fucking sucks. Talks about everything as if people just have 50k to drop casually
Sheeesh 40 minutes of straight knowledge 🔥🔥
Real talk, I never subscribe to videos, but you got my subscription with this one.
You a real one for this vid. Much appreciated.
You are awesome!
Bought my first rental property yesterday so your timing is perfect thank you 🙏🙌
Do well to correspond
1..(.5..1..7.).5...6...9...7...8...5...1
W. H. A. T. A. P. P
Your channel is hands down the best when it comes to money talk and advice
I appreciated the practical advice on property inspections and due diligence. Skipping this step can lead to costly mistakes down the line
The amount of knowledge in this video is paramount
jaspreet please duplexes are selling for 600,000 and up how am i going to make a profit there is nothing selling for 150,000 like you explained in your viedo
Thank you. I’m studying for the Real Estate Sales Agent. This videos help a lot. I appreciate it you.
Biggest piece of advice I can give is to know the numbers before you buy. Account for everything so you know you’re going to cash flow.
Jaspreet!!! I work in flooring and laminate is not waterproof. They market it that way but it is in reality not. Go with LVP instead, that is true waterproof
I love this channel and value your opinion. I’m not much of a commenter but I know it helps bring the channel more volume… so here I am commenting 😂 this channel provides great to the point information and some good humor. Thanks to the host and all developers
This One Video Explain EveryThings to new Investor . Jaspreet Veer - Great Work .
Thank you for good explanation..learning better..
Telling people about investing in real estate at the peak of the greatest bubble in history!
@ Jaspareet can you make video of how to set up LLC and how to property management from states away like programs that do everything and keep track of your properties renters ect?
Hello Jaspreet, I would love to see you do a clip on adding an ADU to rent, the do's and don'ts. It's so expensive to buy in Southern CA, what I am currently working on is building an ADU in the back of my property. My hopes is I can rent this ADU for enough to just cover my mortgage payment I currently living in and paying or close to it. I would do this for a year so I can save the $$ income from the back rental. Then after a year "hopefully" house prices will come down just a bit and I can move out of the property itself and rent both the home I'm living in and the ADU I am adding. The ADU pays for the front house, the front house would help pay 1/4 of my new home and the rest I would save another year to cover emergencies then after the year I would take the 3/4 and add it to the 1st original house mortage to pay it off faster. Anyway, love to see you talk about this.
It is like free tuition to handle the real estate business effectively. Thank you for the helpful hints.
Love real estate, love Minority Mindest... this is definitely my video!!! 😉😉😉
Love you too, Really Appreciate your feedback.
Feel free to get in touch for proper portfolio management services and analysis
This video is worth a million 👌
Has anyone ever told you, you got the most OG thumbnails on earth? Jaspreet droppin bombs, thanks for spreading knowledge.
I agree with you that real estate is a fantastic investment opportunity, and owning a tangible asset provides peace of mind. Your 10 tips for buying your first rental property were very informative, and I appreciated your advice on location, cash flow, negotiations, inspections, financing, legal matters, renovations, finding tenants, making the property passive, and selling the property. I especially appreciated your advice on thoroughly researching the location before making an offer. Walking the neighborhood, looking for signs of neglect or decay, and investigating the flow of money and potential for development are all excellent tips.
Also wanted to chime in that zillow's property manager is a great tool if you have a small number of rentals. It looks at the laws in your state when it comes to building your lease and you can screen your tenants with a background check and credit score right there. I personally love this method and I don't have to pay a property management company for any of it. It's a free tool btw. For a newer property, you could just sit back at this point and watch it make money for you. If your property is older, then definitely have your top 5 (plumber, electrician, etc) numbers on standby. It's not difficult to manage yourself if you've got the willpower.
I appreciate your knowledge man, I have made the first step, after doing my due diligence, to getting pre approved for a loan to get my first rental property. I'm in Baltimore and I can't stand seeing these houses just boarded up in the city but in certain areas new construction is coming in (some areas are already turning around) and that's where Ima scoop up one of these low priced flips and rent it out. I know I can make it happen! 💪🏾
Hello I am from Baltimore also and trying to step out and do the same. Do, you have any good tips to do or not to?
I'm about to invest in the Baltimore area as well. I wish you much luck.
@@MrRonnie467 I'm about to invest in the Bmore area as well. I've already been looking at properties.
Hi! If you don't mind me asking, how did you get money to fix up the home?
Wish this video existed 10 years ago. I could have learned from this rather than my own mistakes.
What happened in your case if you don't mind me asking. Help a bro out haha
Making mistakes is good! You learn and grow from it! It’s all about the mindset!
I am just thinking what mistakes you could have made? "Thinking Emoji"
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I have ever met.
Best content and I’m an active viewer of this channel. Seriously valuable info in this one
Thanks on the finances i hadnt factored in maintenance and taxes before for some reason, keep hustling. 👍
question - can i open a RE LLC today, and 'loan' my home or its equity to my company?
Thought about renting but with this covid thing, it scares the hell out of me. Landlords are getting totally screwed
If you don’t do it someone else will do it for you.
Like me
@@InvestAndGrow2020 good for you buddy. Wish ya luck.
You don’t need to rent to shady people.
be VERY PICKY when you choose tenants. I have never had a non payment issue. Even throughout the last year.
I list my available rentals for under the market rate by a few bucks, which guarantees more people will apply. The more applications, the better your chances of finding a solid-gold tenant. I'd rather leave $50 per month on the table than have to deal with eviction issues, constant whining, and unreliable income streams from renters. Remember, YOU get to choose who gets the keys. And you can always raise the rent a little when the first lease expires.
Definitely need more videos on finding property management company! Marvelous video. Instant subscriber!
Thank you for this video and the extreme detail. Really helpful and informative. Appreciate it.
I appreciate the effort Jaspreet, very thorough and informative.
I'm appreciating n luv that Real Estate Intelligence you have flowing, very much. 👏👏👏
Excellent information I can't belive it just sits in RUclips. Thank you Jaspreet Singh!!!
Everyone always gushes about cash flow when it comes to real estate. For me though I am more excited about building equity in a property. Because when you have enough equity you can do a cash out refinance. As long as you don't refinance it for more than you originally paid for the property your payment wont change and since you are technically taking on debt, all that equity that you just pulled out you get to put in your pocket tax free. You can then use that money to buy the next property, or a lambo. 😎 Also since real estate almost always goes up in price over the long term when you are ready you can still sell the property for more than you owe. This way you just don't have to wait until you sell to get access to that money. So even if a property doesn't cash flow as much as you like, every payment is still building some equity that you can tap into.
What a massive amount of knowledge in this video.!!Thank you so much for taking the time to put this out. Best of luck in your real estate journey, to everyone above and BELOW!
Excellent explanations.
Hi, quick question: Do you do any Air BnB properties as opposed to old-school tenants? I know you can make quite a bit more per month leasing short-term rentals, but the operating costs would be higher. Wondering our thoughts on this area.
If you don't have enough cash, is it a good option to pay the down payment cash but taking a loan from a bank? This question is for actually buying your own house.
If you don't have enough cash you'd best go through an agency that lets you pay down a certain amount for the house and they'd cover the rest then it'd be for you to pay the Agency in installments till you get to keep the house. That's how I was able to buy our house in a year
This is my goal for this year/early next year. First house in big college town.
I Live next to a college town rents go up to suck up that sweet government debt the fools are putting on themselves.
I've only watched 5 minutes, but so far just appreciate you making the video and a breakdown. I have had rental properties in past, but I do not want to work for people for the rest of my life, so I am going back in...
AMAZING VIDEO MAN. MOST DETAILED VIDEO ON REAL ESTATE EVER. MAD RESPECT 4 YOU MY MAN
Soooo much great info in here! Very dense with great advice. Thanks Jaspreet. Keep making these.
Thanks Jaspreet for sharing this free knowledge. May God bless you more, man.
Love the content! Problem with real estate especially in NY where I live is the laws are totally in favor for tenants. On average before covid it took 3-4 months for eviction process. Now with covid it's probably impossible to get someone out without resorting to old school tactics. I'll stick to buying businesses and stocks.
NYC has the worse rental laws on the damn planet.
All blue States same, and they are trying to take away the properties from owners.
I love your content, man. I'm a lawyer too.
Thanks!
(South Africa)
I have been a real estate investor for 42 years. I love real estate; however, I have some advise. Avoid HUD/ Welfare tenants. These folks feel entitled, demanding and lack work ethic. Personal responsibility is an anathema to the welfare class. Since your tenants are making your payments, buy something nice. $ 2,000-$2,500 monthly rent is my prime target. Be fair; what goes around comes around. Don't gouge your tenants. With all cash or fixed mortgage purchase, there is no need to gouge your tenants. It is win/win.
The way he says " below" filled with enthusiasm ❤️and sounds funny 😂😂
Truly u are a successful businessman. This is the best advice i ever heard. Thank u. 💖🌹
People buying properties as investments is a huge factor in causing the messed up state it is in now.
If you have excess cash in your pocket.. dont use it to give yourself a little more, so everybody else can have less.
I invested in a cute avocado tree and all the avocados are now cute...you were right👍🥑
In before Jaspreet said "BELOW!"
This videos is so informative, that I turned my adblocker off to show my respect and gratitude.
ok
I have a rental that cashflows over $600. I truly believe real estate is where it's at! Happy Thursday everybody 🧡
I’ve seen your videos before and they’re always informative. …but THIS ONE got my sub!! Thank you!
This video is pure 🔥🔥🔥
Your videos are absolutely the best !! your ability to explain in a way that anyone can understand is astonishing !!!!
I however have ONE question, regarding renting a property, or selling it? As you know the housing market went nuts when covid hit, and I was unable to purchase a home due to the cash buyers etc..
So we decided to Built a home on a piece of property.
Now the way the market is, and rents so high, and homes going up in price to much .. We are thinking of possibly staying where we are for a bit longer.. and when the home is built, do we sell it? or rent it out?
reason for a might want to sell is simple, the home isn't even done being built yet, and.. the BASE price of the home, has gone up $100k , and that's the base, we have about $60k in upgrades done to the home, from raising the roof another 2 feet, to glamour master bath/walkin closet, to upgraded stainless steel etc in kitchen appliances.. etc. ) SO that $60k has gone up to have that work done too.. We suspect by the time it's done being built.. we should have about $120k + in equity ) seems if we sell it, pay back $ and take that 120k and purchase a duplex or something?? or should we rent it out, i'm sure we can in this market get $2400 a month for a 4bd /2th home on a little over an acre of land? Just outside the city a bit. ..
Another issue is the mortgage rates have climbed.. and we put down 3.5% to have it built, @ 2.75% interest rate. and the mortgage has a clause in it, that if we sell it, we can sell it transferring the 2.75% interest rate with it?? ( I'd never heard of it? but title lady had ) . . SO we are not sure what to do? move into our home, rent it and make at least 700-800 a month extra renting it? or sell it and take the $120k+ .. curious to know what you'd do in the situation?
This came on in the background while working. Excellent work, explanation and coverage of topic! Subbed👍
If it's a bad neighborhood but it has an avocado 🥑 tree then extra guac is a big factor.
BELOW
This guy is the real deal not gonna lie he gave some solid tips !! 👍👍
But if you are making $500 a month on a property you paid $60K down (20% for example), wouldn't it take 12 years just to recoup the down payment and then you actually start making money? I am not saying real estate is bad investment. I am just trying to understand how does the cash flow actually make sense? Now if I was paying 5% down or less, then I understand how the cash flow would quickly turn into profit while the tenant is actually paying the mortgage.
Yes, real estate is tangible........so are the tenants inside the building. That’s the problem to me........people are the biggest challenge there is.
Stocks are tangible to me.......i can hold the paper in my hand with the numbers on it. Lol
I can sleep at night and make money without dealing with people issues. It’s the stock market for me !!!
There are other ways to invest in property, specifically REITs and eREITs. You will make less but it should be part of a diversified portfolio.
Just get a property manager to deal with the tenants for you, they usually cost around 10% of the monthly rent, and most of them only get paid when they collect the rent.
ROSE BEKKY STEVENS is currently my family fin. broker. Her delivery percentage is A-list.
This is the way
Good. More homes for me.
Love your content! Can you do a video on purchasing a Airbnb property?
Your videos are awesome man. You explain things so well. Keep up the good work sir. Thank you for sharing your knowledge.
Thank you so much for your videos! They are very informative and you walk us through every step and you also talk about the pitfalls. You keep it real; I appreciate that. Unlike most of these other RUclips videos that only tell you to invest but don't show you how.
This is a brilliant video. Well done
Subscribed because you're straight up and an attorney. Love it.
Jaspreet I'm watching from South Africa i can't thank you enough
Great video! Learning a lot!👍🙂
Love your teachings:) very impressed of your background!
How are the Lawyers, the cost of setting up an LLC, Realtors and Inspectors included in the monthly payout? Would setting up a retainer be the way to go? What do you do to find "hungry" people to work with?
Good information. I personally feel that everyone should manage at least one or two of their properties in the beginning. Just for the experience and learning to appreciate the entire process.
True but I would advise not to identify yourself as the owner. You are asking for a nightmare
Holy crap, I'm about to purchase my first rental property - this video couldn't have came at a better time! I'm petrified to invest but I know it's one step closer to getting out of the dreaded 9-5 life.
Location and the right tenant is everything
You are a blessing my friend. I’m so grateful for your knowledge and experience and your eagerness to help others to improve their financial lives. You are a lifesaver. I pray for your continued success. Many blessings to you and your family.
Hi Jasper, I live in Berlin, Germany. The price of real estate is highly inflated. Would you please take a look at the property scene here and comment on it.
Hi Jaspreet! Regarding rental property... May I know what is the ideal number of units to acquire so that when there are vacancy, the cash flow can still cover the mortgage? Thank you!
Fantastic overview, Jaspreet. I have five rentals and this advice is solid gold. I apply these rudimentary rules every day when looking for my next purchase. Listen to Jaspreet, people. He's showing you how to really crunch the numbers.
Do well to correspond
1..(.5..1..7.).5...6...9...7...8...5...1
W. H. A. T. A. P. P
Be careful of scammers
@@user-qj2st6km5x dude if you're gonna scam at least make it somewhat believable
Thanks you! This was one of your best videos!
Thing to note about leveraging the equity from an investment property: If the investment property has increased in value since you acquired it, using the equity in the property to purchase a new property may result in a higher CGT liability when you eventually sell the investment property.
never sell the property. refinance it once the value is higher
Sounds like you’re talking about Baltimore City…..homes on the east side of I-83 are more expensive then those on the west side of I-83, when you traveling north from the city’s center.
Your teachings are very practical and informative. I really learn so much in so little time having this gentleman school me everytime.
I have a video suggestion. Some of this doesn’t apply to Airbnb rentals. For example, close to airports and tourist destinations are more important than if there is a Walmart nearby, etc... how about a video explaining the difference in preparation for a long term rental vs short term rental?
Airbnb is Lawsuit Central. Don't do it.
Some places in toronto do not allow airbnb anymore
@@therailbaron18 Why do you say this?
@@therailbaron18
Why?
A lot of cities basically outlawing short term rentals and operations like air bnb. My friend bought a home to air bnb and now can't.