I am a 54 yr old HS business teacher/tax accountant/small Apt investor and I am learning from this 22 yr old entrepreneur!! I know about the s-corp and cost segregation but the real estate estoppel was a gem!! IMPRESSIVE!!
No hes not the kids a misleading liar who had the same MLS searches as any other agent 😂 he tells people he owns a construction company but doesnt have any contractor licenses 😂😂😂
Not surprised! He’s currently my agent in Cleveland and he’s on TOP of everything! Josh is also transparent. Most agent just want to do a deal. Josh will tell you straight up if he doesn’t think it’s a good deal and why. Im also a new long distance investor and he super patience with ALL my questions! Super happy for him. He deserves it.
I am a real estate investor and he is DEFINITELY lying about something here. Average rental yield in the US is 8% which means if you own property of 100k say you would make 8k a year on it in rent, before deducitng insurance, repairs, mortgage payments, taxes, etc. 50k/month is 600k a year and he said his portfolio is worth 1.5 million so that would mean he is making a 40% yield on his properties which is just impossible. Yh this guy is a LIAR lol 😂
Impressive & motivational , I’m fully inspired I’m a current realtor in Texas going on my 2nd year haven’t sold anything yet… mainly because I work a full time job making 73k a year but the advice and strategies I’ve Hurd today I believe this year that’s going to change thank you
I started my own clinic after years of college. Graduated with plenty of debt and all my life debt. When I started my clinic I was trying to work as a waiter to pay bills . Having two focuses/incomes not good. When I quit waiter job it was extreme do or die. My clinic increased like crazy . You may have some debts. Maybe pay some off or sell so you can put extra stress (do or die)or demands on your brain and real-estate.
Thank you for bringing Josh onto the show! I'm 22 and have been a Doordasher myself, and used a lot of those miles to listen to BP and other podcasters, and I've got a similar drive. As soon as I finish my degrees I aim to purchase my first BRRRR, and hearing about another ambitious kid my age doing a similar thing gives me confidence that I'm not crazy! Thank you BP!
You really answered a lot of my questions like doing real estate part time and if getting a license is beneficial for being a future investor. Thank you!
These guys need to speak about more important things from this interview like cost segs. This kid is impressive knowing what cost segs at his age is going to make him a billionaire in no time. You guys should make a video on cost segs and who/how you can use them to grow your portfolio.
As a full time Uber and DoorDash driver, I’m investing and saving to buy a business. I absolutely love this job because I get to listen to audio books and podcast for 10 hours a day. I get to make money and also grow my knowledge. If you’re in the right market it’s the best job ever. I’ll be 24 soon. I want to buy a business by 26. Good luck everybody
Great episode! I've worked with Josh for a year. He has helped me learn and grow as a real estate investor. I am grateful to have him as my agent. Keep crushing it. Congratulations Josh!
Tell me how I looked up real estate Tax advantages and came across "Tax strategies for the Savy real estate investor " Then I saw your link and realized i was subscribed to you. I bought your book without even realizing you were the author! 😂😂Ill be reading it soon Bigger pockets❤
The Man, The Myth, The Legend. This is awesome dude !!! This is your go to guy always there when you need him, and ready to help you get that deal. Can’t wait to close on more properties. Really appreciate it man
@@josh_janus Mostly the breakdown on the 50k on 1.5 million of property. What is it that you are profiting at the end of it all? Also, the financing portion of it if you have not had a steady "job" for more than two years.
@@AutomotiveAnatomy the 50-100k/month is income via commission as an agent. I funnel the majority of that into BRRRR 1-4 unit deals which has built up into a 1.8-2m portfolio of 25 units now. I was nervous for the first deal as I had never taken on a $20,000 - $30,000 renovation before that’s all.
@@josh_janus Thank you for taking the time to follow up Josh. All things aside, thank you for taking the time to share your story with BPP and continue the great work!
Translation: he’s attractive, tall and cool. If he was ugly with the same personality you’d say he was sleazy lol. (Not bashing the guy, I support hustling and I’m also really successful, made $311,000 last year. But, looks matter a ton. I have to overcome BS 24-7 cuz I’m short and not as good looking. Thankfully I’m really smart though. And I’m not saying it’s a bad thing, it’s definitely good to look good and it’s a huge plus. Use it to your advantage!)
@@charlesg7926 that's such a lame excuse no one is looking for a perfect guy just the right guy he busted his ass and dedicated his time to it that shit shows action speak louder than word deal with your insecurities and reevaluate your goals man
I also make 100k in real estate ever day, I am 9 years old. It's so easy to make this kind of money when no one verifies it. When can I be a guest on your show??????😂
lol he doesn't have any furniture bc he's lying about his net worth and income. A real estate investor like myself knows the numbers he's quoting here dont add up at all 😂
He doesn’t have any furniture because it’s probably one of his listings that he’s about to sell. He’s so young and probably still lives at home. All of his income is not only from his investments. It’s from his real estate sales and referrals as an agent also. I’m sure Bigger Pockets vetted him before this video was created.
Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed._
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up..
Also, don't use comparables more than a mile away, if there are comps closer. I hate it when agents give me a comp 5 miles away bypassing comps a couple of blocks away.
In NY, comps should be within the same school district and within a two mile radius of the property of interest. It’s not always possible if it’s a unique house or building.
His 50K a month was from his commissions as a real estate agent during one of the biggest real estate bull markets in history. I'd like to hear him recreate that in today's market lol
The part of the show where Rob is asking the guest if he can work for him reminds me of that scene from Wolf of Wallstreet when they are in the diner and Donnie is asking Jordan to show him a paystub and he will quit his job and work for him! 😂😂
He was working as an assistant to an agent, doing cold calls for that agent. That’s not wholesaling. And instead of paying him hourly, they gave him money out of their commission. He called it “hybrid wholesaling” which is some phrase he made up to not label himself an assistant.
Regardless, he was still building many of the valuable skills that are imperative to wholesaling. Clearly it worked out well for him in the long run so I’m not sure why you’re so stuck on the lingo.
Josh is the example we should all strive for. He doesn't make excuses (unlike MANY commenters here in the chat), he puts his head down, focuses and works. He is then able to evaluate, realistically, what works and what does not. By making small changes he has perfected his strategy. That strategy may need tweaking as the market changes but at least he's doing it. Kudos to him.
Im a first time home buyer age is also 22. I’m living in southern Cali. I am attempting to house hack. It was a single family home but it has some garages and storage in the back that I felt could be pretty easily converted to living quarters. I’m just a little confused on how the process actually is supposed to go. Especially when it comes to the renovations. I guess I’m just trying to figure out to finance the construction.
What real estate hack do you recommend for those in their mid fifties that are interested in cash flow and a hobby to keep them busy during retirement ? Or is it better to invest in REITs ?
1.5 million and 50k a month I didn’t even have to watch to call bs…. This makes no sense lol. Obviously the 50k is gross number everyone likes to flex those numbers but 10 properties worth together 1.5 million and grossing 50k means each property valued less then 200k, and each property brings in 5k per month it’s complete bullshit sorry I don’t even have to watch this
1.5m is actually the value of the real estate portfolio I currently own. The agent side is $50,000 - $100,000 / month in commissions thanks to the great community of investors at BiggerPockets and my brokerage, Reafco.
@@josh_janus 50,000-100,000 a month that’s a inconsistent range. Lol. I call bullshit on it all. I’m a real estate investor these numbers are not realistic at all . I don’t buy the bs .
@@b-rare It's difficult to be very consistent at that level of production as investment property values differ greatly and the opportunities coming in aren't always consistent.
How were you not approved to buy two duplexes as your first deal when you made 50k a month? Why did you have to have an investor buy the other one instead of yourself
Well Fannie Mae / Freddie Mac will require in most cases 2 years of the same income if going conventional. I didn’t want to take down both deals at the same time as I was just starting out as an investor.
You actually don’t need of that, you just need a plan, execute the plan, take some calculated risks, when the strategy works. Scale it. Hit me up if you need some guidance. I have 5 doors, and make about $120k net with all my ventures. I hustle, but it’s not that bad.
How exactly does he make 50K a month with only a 1.5 million dollar portfolio? That doesn't make sense mathematically. He'd have to own 50 units cashflowing 1K a month each after all expenses. Factor in hard money getting their cut, there's no way.
Depends on what you want to do? I suggest hacking the next way, and turning the current one into a rental. You could rent out all of the rooms to maximize cashflow, or you can long term rental and have less management. Each one is market dependent.
Is back up with hard work. Mostly go out there and get it . No free lunch. I’m a financial professional and real estate investor. You need your go to cross selling group going as fast as you can
"go buy real estate!" Well, despite not having the damn money to do sich, after watching tons of videos on the subject, I STILL DON'T KNOW *HOW* TO DO THAT!
What about someone 22 that lives in Los angles and every house is above 600,000. Do we have to move to where there 300k or is there still opportunity here with 10k
I wonder what's going to happen with the cash flow when the real estate market crashes. The market is at an all time high and so is everything else including the stock market. I've been holding off of purchasing anything right now because of the inflated market which is due to having a private FED system. When the crash happens, I'd like to purchase a tenplex.
Lenders and underwriters aren't stupid. The appraisal has to make sense to them as well. Underwriters look at recent sales in the area and are going to ask why you didn't use a closer more recent comparables.
Like someone else said. Most of that money is from being an agent. He sold $17m of real estate. At 3% commision, that comes to $510k per year or $42,500 per month. That leaves $7,500 per month coming from his $1.5m portfolio which is a little more believable.
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
Went to high school with him and he has always been business minded and I’m so happy to see his success.
What a smart guy!
Genius marketing lol
I love to hear this!!!!
🧢🧢🧢🧢🧢
@@juan-ig5gi Colin Capernicking out here amirite
I am a 54 yr old HS business teacher/tax accountant/small Apt investor and I am learning from this 22 yr old entrepreneur!! I know about the s-corp and cost segregation but the real estate estoppel was a gem!! IMPRESSIVE!!
Thank you Michael!
estoppel Is requested if a lease is not available 👍🏿
He is our agent in Cleveland, Ohio. He is the best in the business guaranteed.
No hes not the kids a misleading liar who had the same MLS searches as any other agent 😂 he tells people he owns a construction company but doesnt have any contractor licenses 😂😂😂
Not surprised! He’s currently my agent in Cleveland and he’s on TOP of everything! Josh is also transparent. Most agent just want to do a deal. Josh will tell you straight up if he doesn’t think it’s a good deal and why. Im also a new long distance investor and he super patience with ALL my questions! Super happy for him. He deserves it.
Thank you Sarah!!
Nice!
I love this so much
Nice the ambition alone is worth the conversation
I appreciate it
This man's my realtor this is crazy
He's my agent in Ohio, I can vouch for his work ethic. I wonder when he sleeps. He's always on it!
There he is! Let's get a deal done. Delegation of routine tasks helps a lot.
😎
I am a real estate investor and he is DEFINITELY lying about something here. Average rental yield in the US is 8% which means if you own property of 100k say you would make 8k a year on it in rent, before deducitng insurance, repairs, mortgage payments, taxes, etc.
50k/month is 600k a year and he said his portfolio is worth 1.5 million so that would mean he is making a 40% yield on his properties which is just impossible. Yh this guy is a LIAR lol 😂
@@FA9082he most likely bought really cheap homes??
Impressive & motivational , I’m fully inspired I’m a current realtor in Texas going on my 2nd year haven’t sold anything yet… mainly because I work a full time job making 73k a year but the advice and strategies I’ve Hurd today I believe this year that’s going to change thank you
I started my own clinic after years of college. Graduated with plenty of debt and all my life debt. When I started my clinic I was trying to work as a waiter to pay bills . Having two focuses/incomes not good. When I quit waiter job it was extreme do or die. My clinic increased like crazy . You may have some debts. Maybe pay some off or sell so you can put extra stress (do or die)or demands on your brain and real-estate.
wow this is crazy impressive for 22. keep up the good work, Josh!
Thank you for bringing Josh onto the show! I'm 22 and have been a Doordasher myself, and used a lot of those miles to listen to BP and other podcasters, and I've got a similar drive. As soon as I finish my degrees I aim to purchase my first BRRRR, and hearing about another ambitious kid my age doing a similar thing gives me confidence that I'm not crazy! Thank you BP!
Get crazy about your dream, we’re rooting for you
@@Convincedllc zzz's 1gs
Ds
Ugh I miss David and Josh hosting podcasts together. They are always so fun to watch!
You really answered a lot of my questions like doing real estate part time and if getting a license is beneficial for being a future investor. Thank you!
Can’t wait to see where you’re at in 10 years!!! Age ain’t nothing but a number!
Love his approach and how he even schedules time to actively engage on the bigger pockets forums to help others! Goals for sure💯
Thank you Kell!
this is awesome good work Josh!
Thanks Picky!
These guys need to speak about more important things from this interview like cost segs. This kid is impressive knowing what cost segs at his age is going to make him a billionaire in no time. You guys should make a video on cost segs and who/how you can use them to grow your portfolio.
Cost segregations are a great way to save I agree!
worked with Josh on a deal in Cleveland, the kid is a wizard
Hey Raymond!
Thanks haha
This is inspiring! Thank you for sharing!
You are so welcome!
Thank you!
As a full time Uber and DoorDash driver, I’m investing and saving to buy a business. I absolutely love this job because I get to listen to audio books and podcast for 10 hours a day. I get to make money and also grow my knowledge. If you’re in the right market it’s the best job ever. I’ll be 24 soon. I want to buy a business by 26. Good luck everybody
You got this!! Your journey sounds awesome.
@@josh_janus thanks :)
What business you want to buy exactly ???
@@deodarhill im thinking a smoke shop, laundromat, painting business, or pool route
@@McRuffin laundromat !! boring dry business but money printer for sure. Read "Zero To One" by peter thiel if you haven't. it is great
Great episode! I've worked with Josh for a year. He has helped me learn and grow as a real estate investor. I am grateful to have him as my agent. Keep crushing it. Congratulations Josh!
Hey, Can you help me to became a real state agent ?
Sounds like scams groups
Tell me how I looked up real estate Tax advantages and came across "Tax strategies for the Savy real estate investor " Then I saw your link and realized i was subscribed to you. I bought your book without even realizing you were the author! 😂😂Ill be reading it soon Bigger pockets❤
Hard working, sharp young man! Wish him the best in growing his business, he's ahead of me! Very impressive!
Job will pay your bills, business will make you rich but investment makes and keeps you wealthy
Great video and Josh is the 🐐 man
The Man, The Myth, The Legend. This is awesome dude !!! This is your go to guy always there when you need him, and ready to help you get that deal. Can’t wait to close on more properties. Really appreciate it man
My man Chibueze!! Thank you
Chibueze, you sabi this guy?
Great show! Thanks for sharing!! New sub here!🤩🤑
Josh is an excellent agent, hardworking, and on top of things! Keep crushing it!
Thanks Akshay! I appreciate it.
Except his numbers aren’t real.
Crazy! Definitely an inspiration!
Thank you!
Very impressive for just being 22 years old. Most especially impressed with his tenacity, hard work,and maturity
I appreciate the kind words David!
@@josh_janusplz teach me senpai!! 😢😭
All respects and Congratulations!!
Love these stories!
Thanks!
Just looking in the comments and seeing how many people this guy has helped buy houses is crazy
Thank you! It's been fun.
Great story. Questionable at times but motivating.
Thank you! What is questionable?
@@josh_janus Mostly the breakdown on the 50k on 1.5 million of property. What is it that you are profiting at the end of it all? Also, the financing portion of it if you have not had a steady "job" for more than two years.
@@AutomotiveAnatomy the 50-100k/month is income via commission as an agent. I funnel the majority of that into BRRRR 1-4 unit deals which has built up into a 1.8-2m portfolio of 25 units now.
I was nervous for the first deal as I had never taken on a $20,000 - $30,000 renovation before that’s all.
@@josh_janus Thank you for taking the time to follow up Josh. All things aside, thank you for taking the time to share your story with BPP and continue the great work!
@@josh_janus can you share your gross rent & net profits on those 25 units? Sorry if I missed it in the episode. Thanks.
He’s my agent! Best service I ever received and was not a sleezy used car salesman like many agents I’ve dealt with in the past.
Thanks Jack!
Translation: he’s attractive, tall and cool. If he was ugly with the same personality you’d say he was sleazy lol. (Not bashing the guy, I support hustling and I’m also really successful, made $311,000 last year. But, looks matter a ton. I have to overcome BS 24-7 cuz I’m short and not as good looking. Thankfully I’m really smart though. And I’m not saying it’s a bad thing, it’s definitely good to look good and it’s a huge plus. Use it to your advantage!)
@@charlesg7926 that's such a lame excuse no one is looking for a perfect guy just the right guy he busted his ass and dedicated his time to it that shit shows action speak louder than word deal with your insecurities and reevaluate your goals man
This is jampacked w/ value. Thank you gentlemen 🙏🏽
Thanks!
I also make 100k in real estate ever day, I am 9 years old. It's so easy to make this kind of money when no one verifies it. When can I be a guest on your show??????😂
Thank you for reinspiring me
Inspiring! I appreciate the young man's hustle!
I love how net worth is inversely related to TV size. Note the TV in the background, lol...
lol he doesn't have any furniture bc he's lying about his net worth and income. A real estate investor like myself knows the numbers he's quoting here dont add up at all 😂
He doesn’t have any furniture because it’s probably one of his listings that he’s about to sell. He’s so young and probably still lives at home.
All of his income is not only from his investments. It’s from his real estate sales and referrals as an agent also.
I’m sure Bigger Pockets vetted him before this video was created.
I feel bad now having ordered a 65 inch tv yesterday
Wow, I was partying it up when I was 22. Wish I had my life together like this, way to go!
Facts but it’s never too late for anyone bro let’s go
I shot H for the fist time when I was 22 lol
@jordonreid yeah let's go!! Wait where tf are we going?!
I’m 15 and I’m just watching this so that when I’m older I can know a few tips
Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed._
I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up..
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
I don't know what state he's in but in the State of Florida what he said he did is illegal. He was getting commissions without being licensed
I was getting what's called a marketing fee prior to being licensed - sort of what it's called for a wholesalers compensation.
He did say he got his license 😊
Dave, don't forget about playing with Tech Decks!
The guy sounds smart I question all of these people commenting saying his name. They all have no subscribers haha. Nonetheless, keep grinding guy!
Thank you!
@@josh_janus ever want to do business in Cincinnati shoot me a message. I do deals all of the time.
^^^^^ you can pay for comments. And if so, he's an ambitious marketer too
What a smart and humble young man 😮
Thanks!
Thanks.
Sometimes u don’t choose your career, the career choose you.
I guess so
He was my delivery guy this one time, he spilled my soup 😂
Also, don't use comparables more than a mile away, if there are comps closer. I hate it when agents give me a comp 5 miles away bypassing comps a couple of blocks away.
Correct. Need to be close and representative to the subject property.
In NY, comps should be within the same school district and within a two mile radius of the property of interest.
It’s not always possible if it’s a unique house or building.
Young guy with a determination and drive is proof you can get there...
properties averaging 150k but also averaging 5k/month sounds real
Really impressive 🔥
This guy should watch Pinocchio on repeat 😂
Great video! I’m still wanting to figure out how he actually got to $50K/month so quickly? That’s insane!
His 50K a month was from his commissions as a real estate agent during one of the biggest real estate bull markets in history. I'd like to hear him recreate that in today's market lol
BP y’all gotta be better. Rob picked up on the discrepancy in the numbers but y’all still posted this podcast
The part of the show where Rob is asking the guest if he can work for him reminds me of that scene from Wolf of Wallstreet when they are in the diner and Donnie is asking Jordan to show him a paystub and he will quit his job and work for him! 😂😂
He was working as an assistant to an agent, doing cold calls for that agent. That’s not wholesaling. And instead of paying him hourly, they gave him money out of their commission. He called it “hybrid wholesaling” which is some phrase he made up to not label himself an assistant.
Regardless, he was still building many of the valuable skills that are imperative to wholesaling. Clearly it worked out well for him in the long run so I’m not sure why you’re so stuck on the lingo.
Josh is the example we should all strive for. He doesn't make excuses (unlike MANY commenters here in the chat), he puts his head down, focuses and works. He is then able to evaluate, realistically, what works and what does not. By making small changes he has perfected his strategy. That strategy may need tweaking as the market changes but at least he's doing it. Kudos to him.
Thanks John! I appreciate it.
@@joshjanus2660Josh great job bro! Quick question, any thoughts on tax deeds? I am looking to go that route but still researching it…
Lol love the moose check at the end
Had me on the title
That's what I'm talking about
Im a first time home buyer age is also 22. I’m living in southern Cali. I am attempting to house hack. It was a single family home but it has some garages and storage in the back that I felt could be pretty easily converted to living quarters. I’m just a little confused on how the process actually is supposed to go. Especially when it comes to the renovations. I guess I’m just trying to figure out to finance the construction.
Hey, I have a construction company and I can work with you on the renovation. Let me know
How has that going for you now? I'm also from southern Cali everything too expensive out here 😢
What real estate hack do you recommend for those in their mid fifties that are interested in cash flow and a hobby to keep them busy during retirement ?
Or is it better to invest in REITs ?
Just buy mutual funds lol easier
Ya I want to know too lol
@@b-rare he doesn't want easy, he said he wants to be busy lol
Start residencial sober living facility, if makes sense in your area.
I hate hearing these stories it just shows how much of a failure at life I’ve been.
You will get there.
Don’t feel bad these people are the rare exceptions.
You can change it man find that drive
You only failed if you gave up…. GO
1.5 million and 50k a month I didn’t even have to watch to call bs…. This makes no sense lol. Obviously the 50k is gross number everyone likes to flex those numbers but 10 properties worth together 1.5 million and grossing 50k means each property valued less then 200k, and each property brings in 5k per month it’s complete bullshit sorry I don’t even have to watch this
1.5m is actually the value of the real estate portfolio I currently own. The agent side is $50,000 - $100,000 / month in commissions thanks to the great community of investors at BiggerPockets and my brokerage, Reafco.
@@josh_janus 50,000-100,000 a month that’s a inconsistent range. Lol. I call bullshit on it all. I’m a real estate investor these numbers are not realistic at all . I don’t buy the bs .
@@b-rare someone is hating 😅😅
@@b-rare It's difficult to be very consistent at that level of production as investment property values differ greatly and the opportunities coming in aren't always consistent.
Guess , at 22 not bad .. but yeah .. numbers don’t add up .. guess BP , is not stranger to click bait 😅
Hard work pays off happy for him! Love seeing other young investors succeed! Grateful to have built a sizeable portfolio at the age of 26
Jesus, he’s not even lendable yet, imagine when this kid starts leveraging!
Power of social media to learn money making. Also great fortune he found a mentor agent that wouod pay him part of commission instead of hourly.
How were you not approved to buy two duplexes as your first deal when you made 50k a month? Why did you have to have an investor buy the other one instead of yourself
Well Fannie Mae / Freddie Mac will require in most cases 2 years of the same income if going conventional.
I didn’t want to take down both deals at the same time as I was just starting out as an investor.
I need to get into this
Josh rules!
Thanks!
Awesome sode fellas!
Yea, those wrists bands. Was called snap it. That was back in my time too
How did josh get his money for the 2nd third 4th purchase?
I hate to ask but did he pay taxes on the income he made off the wallets and shoes?
Yes I did.
Lol lame
@@josh_janusteach me 😭
Blue Angels guy!! PCOLA. Ty guys for your service!!
I wish they would have dove deeper into Josh's numbers. Is that $100k per month his NOI, how much is he in debt, etc...
You tell them what you want and they email what they can get higher commissions on .... ..
it time to get my real estate license....
Video title is misleading, 50k a month on closing deals NOT on rental income 🤦🏼♂️
You can do it too guys... Just got to be rich, and connected, and have lots of people around you that help you out in life..... No Problem.....
Incredible mindset there buddy.
@@Jaden_George Thanks. 🙏
You actually don’t need of that, you just need a plan, execute the plan, take some calculated risks, when the strategy works. Scale it. Hit me up if you need some guidance. I have 5 doors, and make about $120k net with all my ventures. I hustle, but it’s not that bad.
Is it possible to be a real estate agent without signing up with a broker?
No.
How exactly does he make 50K a month with only a 1.5 million dollar portfolio? That doesn't make sense mathematically. He'd have to own 50 units cashflowing 1K a month each after all expenses. Factor in hard money getting their cut, there's no way.
The 50k is income from being a realtor actually not the free cash flow from the owned RE
Watching this as im doordashing😂
I'm 48. I just bought the house I'm living in cash $150,000. Should I heloc and leverage??
Depends on what you want to do?
I suggest hacking the next way, and turning the current one into a rental.
You could rent out all of the rooms to maximize cashflow, or you can long term rental and have less management. Each one is market dependent.
Another get rich quick sales pitch. No nitty gritty details. BP really needs to stop all these non sense.
Is back up with hard work. Mostly go out there and get it . No free lunch. I’m a financial professional and real estate investor. You need your go to cross selling group going as fast as you can
"go buy real estate!"
Well, despite not having the damn money to do sich, after watching tons of videos on the subject, I STILL DON'T KNOW *HOW* TO DO THAT!
What about someone 22 that lives in Los angles and every house is above 600,000. Do we have to move to where there 300k or is there still opportunity here with 10k
Awesome!
Thanks!
@@josh_janusHey how can I work as a real state agente along with you ?
I wonder what's going to happen with the cash flow when the real estate market crashes. The market is at an all time high and so is everything else including the stock market. I've been holding off of purchasing anything right now because of the inflated market which is due to having a private FED system. When the crash happens, I'd like to purchase a tenplex.
This dude was going to school, working 20-30 hrs a week on DD, and getting his RE License/ working as a realtor. This don’t add up
he's good looking. good looking people can sell anything to anyone. there, just saved everyone an hour of their time.
he didnt answer the question about the hard money lender and being nervous about 30k when he is making 50k a month lmao clown
Lenders and underwriters aren't stupid. The appraisal has to make sense to them as well. Underwriters look at recent sales in the area and are going to ask why you didn't use a closer more recent comparables.
Why take on hard debt for an $85K property when you make $50K/month?
leverage! I was able to buy more that way
$1.5 million that pays him $50k a month? That sounds like bullshit.
Like someone else said. Most of that money is from being an agent. He sold $17m of real estate. At 3% commision, that comes to $510k per year or $42,500 per month. That leaves $7,500 per month coming from his $1.5m portfolio which is a little more believable.
@@amunra4015 Yes, that would make sense.
@@amunra4015 I see, so we all just need to get into luxury real estate all at once and we'll be rich.
I feel like I am wasting my life , while these young kids are making millions in one year
So was he “making 50k” a month? Like in his bank account? Profit?
I had 10k saved at 20 but gave it all to my mom when she needed surgery.
The GOAT
Wish i has started at 22 lol. Life is easier then.
26:25 LEONARDO DA VINCI 😅
Is this how black rock is scooping up property
Haha that’s actually illegal to give someone part of a commission or a referral who doesn’t have a real estate license