Don't forget about taxes, maintenance, repairs, tenants who don't pay, tenants who destroy things, not being able to find tenants/ extended vacancies, HOA fees, landscaping, insurance, paying the management company, etc., etc., etc. These things will really eat into your profits. You'll need to have a significant amount of cash on hand in case things don't go perfectly. You have to ask yourself; if it's so easy, why isn't everyone doing it? Proceed with caution, please.
The property management company handles like half of those complaints and they are very inexpensive. I pay 80$ to 100$ a month per property’s I own. HOA is annoying but you give a large down payment down and you can really maximize your profits. With taxes there’s many loopholes to where you don’t pay shit. Please do your own research guys. I like buying in big city because the amount of people looking to rent in the city or near the city is crazy and will pay crazy amounts
No risk, no reward. The truth is the tax benefits alone while you have a W2 and are in the building stage completely wipe out any expenses you’ll ever have. Insurance takes care of the rest. That’s what people don’t understand.
A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K
Very big con and that is why i have always maintained that people should never have their money in the bank! Get a financial advisor and even make so much more while saving!
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Yes you can, my neighbor did it in 10 years, they were both making about 90-100k a year. There first house was a dump for 30k he worked on it on his two days off. Now they are both retired in Taiwan in their late forties early fifties. They had properties in Mississippi and Florida.
@vce.john1734 you could start anywhere in the US bro remember like they always say on BP you shouldn't be afraid to invest outside of your market(even internationally) as long as you do your due dilligence and make sure you study that market! Cali is insane RE costs here in Florida there's tons of new opportunities daily look in neighboring states even Nevada ain't that bad I've looked at some real estate there.
Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 46, my husband is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
@lloydbernard5847ETFs that pay dividends are usually the safest bet if you are trying to generate cash flow in the stock market. That way it's not about just one stock but upwards of 500.
On my first duplex property, just renovated one unit. Now it’s rented for July 1st. No vacancies. Next year I’ll be buying my 2nd multi unit, I’m excited to be building wealth!!
Dom W I started with a duplex as well. I now have the duplex, and 3 single family homes. All rented. Would love to get a multi unit...but hard to find one at a good price right now. I have a property that has a single family house, but zone for multi property....so I'm looking into building a 2nd unit on that property now. More affordable. Congrats on your first purchase. It just snowballs once you get your first one! You're going to love it! 💵💵💵
Forex Trading is the future. You see young and old people driving big cars and using big phones without going to any office to do a 9 to 5 job. Many even combine their 9 to 5 with Forex Trading for more income and people mistake them for yahoo boys all because of how wealthy they are, this is a mindset that should change
@@triciaadam4340 However, if bitcoin gains scale and captures 15% of the global currency market (assuming all 21 million bitcoins in circulation) the total price per bitcoin would be roughly $514,000.
@@triciaadam4340 To the best of my knowledge phoebe Lyla Oakley runs a world wide service outreach from his page I do see different people from different countries testify of good profits received.
Totally right but I strongly advise you do a background check up on your source before you invest, Ensure you are investing through a solid foundation source to avoid losing money
In all my years of trading and and research the most valuable insight was getting in touch with cryptocurrency currency trading expert Erin and getting my first profit through her,she is a licensed broker reach her i trust she’ll help you earn
All this while I thought i was the only one earning through Erin lol,Having Erin handle my trades is no doubt the best way to secure money,Third profit incurred
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
i have 3 rentals and just bought another house/twin. gutted the kitchen and sold fridge. guy who showed up owned 16 properties and was still hunting for deals for his rentals. inspired me to check out this channel! investor helping investor!!! plenty of money to go around! 👍🏻👍🏻💪
@Madie Zancanellatl investing in crypto currency (Bitcoin) is the most profitable investment due to its current rise, huge profits and future benefits.
@Madie Zancanellatl I recently got into forex trading and I'm already marvelling over the profits am making I'm like "how the hell have I been sleeping on this
I've been investing heavily during the pandemic and I've been making quite a bit of money. Passive income is great since once you've built your nest egg, the money will continue to come in passively. I am focusing on a hybrid of dividend and growth since I think that both routes are really intelligent. All credits to Zach Micah Demers my advisor
Consistency is the key to a successful investing journey as modest investments for longer periods of time will usually outperform larger investments over shorter periods. I’ll keep working with Mr Zach his ways are very defined and yields results
Zach Micah Demers is a highly knowledgeable investment advisor and financial planner who helps me navigate the complexities of investing. His insights and recommendations have been instrumental in growing my portfolio from 40K to 120K
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
And also know that you’re going no where in life without risk. Every financial risk is worth it. It’s a win win. If it works. Then you’ve made it. If it fails. Then you have learnt from it. Life is about learning and experience. Thank you!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin, and gold. Investing in any of these should be in everyones mind.
Yeah!! With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate. Just my thoughts
@@maschitoni2336 Awwww this is the best explanation I've seen, investing in bitcoin requires good knowledge or best invst with an expert. I started investing in bitcoin just nineteen weeks ago,already made twenty Thousand bulks
Brandon nails it! Real estate isn’t just about owning property; it’s about leveraging those 4 powerful factors to create financial freedom. The math may be simple, but the impact is life-changing.
Residential real estate depends on the willingness of people to borrow for what’s typically the costliest purchase of their lives. As the Fed continually jacked up interest rates last year, the average rate on a 30-year fixed mortgage topped 7% last fall - more than double where it began 2022 - before dropping back slightly.I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
@@AlexanderTurke Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
Omfg! Vladimir corp turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!
I often wonder how people who have lots of money managed to save it. Sell the current home, buy another home. Renting is money thrown away. My current house payment is half (or less) of what I would pay for the same living space in rent.
I always thought the 30% rule applied to rent or mortgage payments including taxes and insurance, but not utilities. At least that's what I look at when I'm evaluating a potential tenants income. In any case, if it cuts down substantially on child care costs the move seems worth it to me. Pregnancy can be tricky and you may not be able to count on the wife's income, but it sounds like they have enough of a safety net if she can't work for awhile. However, if I were in these people's shoes I would consider not only selling their current house but offering to buy the house their relative owns. Sounds like those relatives don't really want to be in the landlord business either.
What an envious position to be in at your stage in life.....$2 mm available cash if you sell the house and rent, with roughly $7,000 mo of free cash for all other expenses......a 3% return on the free cash will pay for your total yearly rent, so you have freedom to save of spend with monthly income.
Wow, "I've got so much money I just don't know what to do with it all! Can anyone help me?" How are you investing? i need something more aggressive to grow my portfolio, What do you think I should try?
@@tylerroger1636 Really acknowledged your comment, My portfolio grew by 100%, Couldn’t have put it better myself. I have been working with a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
*I used to have to depend on the people around me because things weren’t really going good , I started off with someone who promised to bring me out of the mud and they have done just that! Who knew Vladimir Corp would be my break through*
It is worth every second the fact that within a very short time you have been able to elaborate and explain the technique to a point one can easily understand and apply it is applauding. Nevertheless the future one turn to imagine can be a reality if a good information like this is passed and applied accordingly.
Yes Most people remain poor only because friends and relatives discouraged and advise them against investing and trading forex while the wise ones kept investing and growing higher financially
The best thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on government especially at this time of this pandemic
I think the pandemic has taught people the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security
I've tried storing most times but I always got to withdraw the Bitcoin for some bills payment. I just really need to get involved in forex so that i can got weekly/daily pay💰
@@Insidious-K im 12th grade and yeah exactly, they are preparing the gen to go into the rat race , get a useless degree, work 9-5 for 40 years then retire and die broke , i dont wanna do that, and most people are brain washed from that blue print they teach us :D
Do you invest in Real Estate in USA? Unfortunately it's very hard to find cashflow properties in my country, because the inflation and bank taxes are not as low as in USA... Usually the rent payment is around 4-6% per year, but the bank taxes are over 7-10%, so the cashflow will be negative... Any advice that would work in his scenario?
@@mucholoko90 Eww. That is not a good scenario at all. I do invest in the United States. I could be wrong but i am thinking your best option might be to save up enough of a down payment to get the loan payments down low enough to get a positive cash flow.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path or at least tell me what I'm doing wrong?
@@silviadouglas9094 Most newbies usually undermine and neglect the importance of technical analysis with regards to trading. Technical analysis overly predicts the movement of assets prices regardless to what is happening in the wider or broader market. Essentially, the procedures involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movement of an asset..
@@chadm.daniel2696 That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
Hi my name is Jim from Toronto Canada im home owner and rent all rooms in my house and because of this give s me options and little more time and less over time at work I enjoy your podcasts too great stuff.
Most times human beings kill their selves. Do you know the difference between the rich and poor. The rich invest while the poor save. Don’t be among the persons who refuse to invest and keep working their whole life to live. Investment you placed today will definitely be a life changing one for you Even after 10 years today.
And also know that you’re going no where in life without risk. Every financial risk is worth it. It’s a win win. If it works. Then you’ve made it. If it fails. Then you have learnt from it. Life is about learning and experience. Thank you !
I bought a land just over an acre. I bought that through a loan. I built 4 fairly big houses on the land. I live in my own house a couple miles away from that land. All the 4 houses are up for rent. I’ve payed all my loans off. And I’m living a life doing what I want whenever I want ✅ And I don’t have to worry about my bills or how much money I am spending ✅ Looking to invest more in real estate ⬆️ All of this happened in just over 9 years ⬆️
Lemons I’m 28. And it depends on which state you are in because some have cheaper lands than others. But if you spend around 12,000$ you can buy a reasonably large land. Then it’s up to you what you want to do with it
The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with this current economic crisis around the world
I believe year 2020 was a year that thought everyone to be smart with whatever they're doing financially if they're to achieve the success they so much crave for
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
Many see forex as a get rich scheme but forex is not like that, it's a gradual process with the right tools and application you can make a living from forex trading..
I personally love proving people wrong but investing in bitcoin for me has not been impressing. How much exactly do you make if you don't mind me asking?
@@ivymadelyn8716 The first time I told my wife that i was investing in forex trade, she was angry and told me that I will lose all the money I invested in it
Bought 7 properties last year. Flipped 1 and rented 6. Flip netted $70k which rolled back into purchasing rentals which currently flow $3000k/mo with $400k in equity. All money rolled back into buying more properties. Still have a full-time job. The goal is 150 more doors in the next 15 years. To be clear - this is very hard work, at least at this stage. You don’t live rich by any means. Wealth generation does not mean more discretionary spending (big house, nice car, boat, etc.). I still live paycheck to paycheck and have to budget so I don’t run out of month at the end of the money.
Mark Ippolito this house was a 4/2 with no master suite, and we turned it into a 3/3. It was a full gut but it was in 2.5 acres. Bought it for $115k, added $65k. Sold it for $250k. New plumbing. New electrical. Added three patios, new kitchen, 3 new baths, new flooring, etc. We did all work, so it took about 3 solid months.
Recently turned 19 and have been hooked on the though of buying a duplex to rent out the other half as my First home. These videos are great keep it up!
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Depends on a number of things. What interest your paying the back. Whether its interest and Principal or just interest only. What period of time the loan has been taken over, How much tax you have to pay the IRS, The bank wants to see how much your income is to support the repayments, If you borrow the deposit from the equity of another house, Revolving credit for example, you have to pay the interest on that as well as the interest and principal payments on the next rental. So your income from rentals may be NEGATIVE, meaning you owe more than what you get in every month. Also at the moment house prices are high but they are either coming down or static so no capital gain. Then you have to get tenants in .. Many tenants never look after the place. Lots of things to consider.
Absolutely. This video is too simplistic. He adds cash flow to the value of the home as your net worth. NO! Cash flow is to pay back the loan, property insurance, property taxes, rental income taxes, maintenance, possibly some utilities such as trash or water. My landlord pays for all that.. You are not gonna keep the whole cash flow in your pocket. And the unit will not be rented 100% of the time all the time. Gotta account for that too.
1. The cash flow would be nice to be positive. Meaning. You should have some cash after expenses 2. Leverage. Renovate and increase its value 3. Idk this one cause its a bit different in my country 4. Its the same in my country. Nice vid Can you get the 20% out of a credit card and loan the 80k from another bank? Or you need to have the 20% already?
IN FOREX/CRYPTOCURRENCY INVESTMENT YOUR FAILURE CAN'T BE INSURED, AND YOUR SUCCESS ALSO CAN'T BE GUARANTEED UNTILL YOU GAT AN EXPERT TRADER WHO'S A PROFESSIONAL IN THAT VERY FIELD
You have to at first build enough capital where you can have you basic living expenses eliminated through cash flow. Get to the point where you can afford a triplex that needs some work or utilize private money lenders(not hard money lenders) to get you in the deal, utilize brrr to refi them out, and from there you are off. Keep getting a few deals in, but if you make your first deal successful with your investors they will spread the word if you ask them who they know that would be interested in 10%. From there you decide where you want to go. Also this process will be either three to six months to get the capital from your deals if you are smart with budgeting. Depending on your connections, it could take a good while before you find a distressed multi so start building your connections beforehand.
Digital Finance Online is a private online business organization that has been legally registered in the UK. We are a gathering of gifted money related experts who have an abnormal state of learning and long-term trials in the business field. We have been replacing a private store for quite some time.
Having a real estate license can be a smart stepping stone into property investment. Personally, I like specializing in multifamily properties because it allows you to leverage commissions, and by living below our means, and saving aggressively - anything is possible. This approach gives you a head start in creating a strong property portfolio early in your career.
@@ivanburley3487 where i'm from listings talk about net incom without taking into consideration taxes having to be paid when added to yearly income. Yearly declared income is personal to each investor. It can rapidly bring your net net into negative..
Starting out an investment is really easy and anyone can indulge. I believe in the laws of compound interest and leveraging. I reinvest consistently with Williams Smith a licensed body of a brcker firm (EQ).. i operate an exclusive package and so far i have compounded about $8,300 with $1,500 invested
I can't think of a more innovative way to earn from the financial markets (forex/stocks/crypto) other than having a professional handle trades on ones behalf
Naomi Connor is an absolute legend. I've worked with her in the past, she's always on time with payouts, and she's very skilled and attentive to details. I 100% recommend
@@charlottebenson58 She doesn't sell signals madam, she simply handles all trading operations on my behalf, and I get my payout at the end of each 7 day trading period. She's got a whole team of analysts too, her dedication and utter transparency are few of the things that have me coming back and re-investing from my monthly proceeds
Naomi Connor is an Exceptional trader, she always puts her clients first. And she always comes through with payouts on time. Herself and her team are to thank for the financial freedom I and my family now enjoy. Growing up as a foster kid, I wasn’t sure I’d make it this far in life, I owe Naomi Connor my life
It does seem intimidating at first, but the key is starting small. You don’t have to buy a big property right away. I began by investing in single-family homes and renting them out. That alone started building my portfolio.
Hello, where can I invest and make good profit without being scared of losing my money... I'm actually looking for a good trader that can help me manage my trade and make good profit for me at the end of the day
Successful people are hardworking, discipline and always risk takers I learned a lot from bill gates and warren buffett they were very patient and very good business men.
It doesn't work like that. During the first half of the loan period, you actually paydown interest more than the principal. So, after the first year, if you pay 2400$/year, only a small portion of that goes towards the principal. So you didn't really cut down on the loan all that much.
it does not really matter what it is that you are paying off as long as the overall number is going down. If the grand total including insurance, taxes, and interest is 200k the after the first month it's 199k then 198k then 197k until its zero. That's what I think he meant by the mortgage, not necessarily interest or principal but the overall number dropping.
carlos martinez look he didn’t mention that the overall number it is not the real value of the property because it includes the huge interest that you must pay. So if the house worth 100 today, your loan plus intreats could reach 150 or more and it depend on your APR with the bank.
Real estate investing is the bomb, I love it. I try to talk everyone into it because it has such incredible power to supercharge your net worth. I think professionals who are stalled out in their career income (like teachers, pastors, nurses, etc) should really jump into real estate so they can supplement their current income and build real retirement income. And they can become millionaires even if they don't have a lot of cash to invest. I know because I've done it! You can too!
Rent goes up in accordance with cost of living, and in many places it is illegal to raise rent more than that, so its not really gaining you anymore money
Idk much about getting loans from banks but even I get one and Im working with 1 property will they give me another loan for another property before I pay them off for my first one if my credit is good and payout is on time every month? Maybe they want me to stay in their debt asking for money so theyll keep giving it to me? Is that the game? Thanks
Wolf Man Fitness It just depends. If a bank approves you for lets say $150,000 maximum, now you have debt with that loan. When you try and get a second loan, they will see you have debt you owe with the $150,000 soo... they may not approve you for much amount or any. Just depends. Also keep in mind that with a loan there is always interest. The sooner you pay off a loan the better because if not then you will end up paying thousands more. Just make sure to read up on this
It's a marathon. If you're tapped out and cannot get more, be patient and keep paying down your loan until you qualify. But make sure you go to various banks before giving up. You may also partner with a friend.
Justin Choi you do. if the mortgage payment is 1500 but rental income is 1900, you pocket 400 per month. bank needs their money via you paying the mortgage with the check the tenant writes you
@@MegaHJ1992 oh, a bright one. Making millions of $ is common sense if u watch vids on YT, yet can you do it? Tell me to which point would you mortgages yourself out ? What's to much. Cause every 1 story of success you hear, you fail to hear the 20 that lost it all.
Jiany Star Massa vich if a person doesn’t make 20% of his total monthly income of his first mortgage, he can take additional risk. However, if 40-50% of your monthly income can be taken by your mortgage you should wait till it goes down to 20%. It is not that hard
Jiany Star Massa vich For example, if i am left with 4,000 a month after paying my bills. I want my mortgage to be at 20% which is 1,000 before i focus on getting another rental property. This is less risky for me because if i have too many vacant units i know i still have 80% of my monthly income to take care of these.
Bitcoin trading is easier when you have the strategies and knowledge..I tried placing my trades all by myself but ended in a messed up situation, I will advise you trade with a reliable one
@@DusKed everything is easy only when you have someone guiding you through it, someone that has vast knowledge, contact Carlton Jefferson for more inquiries, his the professional broker behind my success, watsappppp +16508644641
I am looking to learn a thing or two under investing in real estate. made a fortune already investing in stocks, index funds and cryptos looking to diversify my investments to increase my streams of income, not relenting now it cost me in the past.
can you explain what you mean by a fortune. I am an agent to realtors in CA NY FL PA some 5 years + to properties to be leased, sold. I am interested in investing in finance just never tried because of lack of insight, can you help?
I'll have up to a 5 million dollars in portfolio as profits made in a space of 3 years by march 2020, met this investor at a public offering and he was doing quite well with investments, works with Amazon and will be retired next year, Keagan Botsford. Long story short, I merged investments with his in index funds and cryptos, now here I am.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Appreciation is a not always what it looks like on paper. Inflation (dollar devaluation) make property look like it's gained value, when in fact it's just that the dollar lost buying power. Additionally, becoming a millionaire (in net worth) is a worthy goal, but better is become financially independent. Those rental properties will continue providing income into retirement, hopefully making getting, or not getting, Social Security a non-issue. Same with dividend stocks. Who cares if either increase in value, it's the "passive" monthly income that provides the real wealth.
That's my plan. Passive rental income without working is the ultimate dream and goal. I'm well on my way with that. I have 1 duplex and 3 single family homes...all rented securely with leases. I'm thinking I need maybe one more property and I'm quitting my day job.
Already house hacking my second 4-plex because of this guy and Biggerpockets using my VA home loan benefits (0% down payment). Biggerpockets has literally altered my life. Now, my only thoughts are how I go about buying my 3rd, 4th, 5th, 4-plex and which strategy to pursue and then how to move into the 5 unit plus multi-family space.
Grab a multifamily investing book, call commercial conventional lenders to understand their underwriting, call hard money lenders to understand their requirements, call commercial agents like from Marcus & Millichap, study your market by asking businesses, agents, etc, check out city county for job stats for that area, start analyzing deals and making offers. you're welcome.
Man, this video gave me a ton of questions. Yes, I know that companies make investments without having enough assets and take the risk of getting indebted, but AFAIK, this risk is far higher for people. Then, if he only paid 20% and has to pay 80 000 back, but get´s only 2 400 per year, then this would take 33 years to pay off the debts! The interest rate would really hurt! Plus, I´ve never seen houses so cheap. I guess a 50m2 flat costs at my place at the very least 200 000 and the rent is 1500 per month! Plus, you need to take into account renovations after 10 years, insurance, paying lawyers, paying facility managers etc. and all that doesn´t include any actual net income! Sure, you can hope that the housing costs rise and sell again and thus get rid of your debts and maybe make some income, but that´s quite a gamble. Today, housing prices are ridiculously high and chances are they will fall with the next recession... 2009 was only the beginning, as no problem was solved!
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](http://i.ytimg.com/vi/T_7vhsSBi7c/mqdefault.jpg)
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](/img/tr.png)
Whoever is reading this, I pray success comes your way
The Legend the same for you. We are success.
Thanks. I looking for a friend to talk to about investment ideas.
You too bro
Thanks 😊
thanx you to The legend
So glad i got to
see this at age 3! i'm now 10 and retired a multi-millionaire living in the
maldives!! THX 😊
@The Doctor YEAH! I'm worth 600m now :P
Investing TV really 🤔💯💯✌️
@@ParaticooperationOH YEAH!!!
Investing TV You must be from Zimbabwe
I can't think of a name - I’m rollinggg😂😂
Don't forget about taxes, maintenance, repairs, tenants who don't pay, tenants who destroy things, not being able to find tenants/ extended vacancies, HOA fees, landscaping, insurance, paying the management company, etc., etc., etc. These things will really eat into your profits. You'll need to have a significant amount of cash on hand in case things don't go perfectly. You have to ask yourself; if it's so easy, why isn't everyone doing it? Proceed with caution, please.
The property management company handles like half of those complaints and they are very inexpensive. I pay 80$ to 100$ a month per property’s I own. HOA is annoying but you give a large down payment down and you can really maximize your profits. With taxes there’s many loopholes to where you don’t pay shit. Please do your own research guys. I like buying in big city because the amount of people looking to rent in the city or near the city is crazy and will pay crazy amounts
@@milli6232send me your ig, I got some question’s to ask u
Buy houses where there is no HOA I did
That’s why you pay cash
No risk, no reward. The truth is the tax benefits alone while you have a W2 and are in the building stage completely wipe out any expenses you’ll ever have. Insurance takes care of the rest. That’s what people don’t understand.
The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes about how people are stuck in life.
Can your share the link to the book pls, and also pls recommend more books along. Thanks 💯
This gives me bot vibes for some reason. 😂
@@franko8572 because you are 100% right! Exactly what it is.
I think it is @@franko8572
Man trying to sell his own book😂
A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K
Very big con and that is why i have always maintained that people should never have their money in the bank! Get a financial advisor and even make so much more while saving!
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Yes you can, my neighbor did it in 10 years, they were both making about 90-100k a year. There first house was a dump for 30k he worked on it on his two days off. Now they are both retired in Taiwan in their late forties early fifties. They had properties in Mississippi and Florida.
I’m trying to start In California asap and retire in maybe Las Vegas or what while my properties In California bringing me in cash flow.
@vce.john1734 you could start anywhere in the US bro remember like they always say on BP you shouldn't be afraid to invest outside of your market(even internationally) as long as you do your due dilligence and make sure you study that market! Cali is insane RE costs here in Florida there's tons of new opportunities daily look in neighboring states even Nevada ain't that bad I've looked at some real estate there.
The people making tons of money always tend to buy in. No one can afford housing now
this is a great video! I used the strategy and bought 3 properties, and paid $200,000 tuition for my kid. I manage those properties myself so far 😊
Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 46, my husband is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
I like to shit in my ass
These scammers STOLE all my money😢
@lloydbernard5847scammers ...
@lloydbernard5847ETFs that pay dividends are usually the safest bet if you are trying to generate cash flow in the stock market. That way it's not about just one stock but upwards of 500.
@@carsnob how come what happened
The mitochondria is the powerhouse of the cell
Danny Byrne best comment 2019
imagine if i learned investing instead of that.
I wonder how many dumb people saw this and didn't understand it lmaoooo 😂😂😂
What's mitochondria ?
2 years after high school and they still didn't explain that in a way I could understand.
On my first duplex property, just renovated one unit. Now it’s rented for July 1st. No vacancies. Next year I’ll be buying my 2nd multi unit, I’m excited to be building wealth!!
Dom W
I started with a duplex as well. I now have the duplex, and 3 single family homes. All rented. Would love to get a multi unit...but hard to find one at a good price right now. I have a property that has a single family house, but zone for multi property....so I'm looking into building a 2nd unit on that property now. More affordable.
Congrats on your first purchase. It just snowballs once you get your first one! You're going to love it! 💵💵💵
Dom W hey would i need a real estate license
Dom W im curious And want to know if i would need a real estate license i think so. But not too sure
Melrose Symons
To own or rent a duplex? You do not need a real estate license !
I would like to do the same , currently I have 4000 thousand, joining the marines next month with a lot of dreams!
I was thinking about Starting with Vladimir Corp , I need to know what everyone else thinks about them, let me know down below please
Success is not final; failure is not fatal: it is the courage to continue that counts.
Forex Trading is the future. You see young and old people driving big cars and using big phones without going to any office to do a 9 to 5 job. Many even combine their 9 to 5 with Forex Trading for more income and people mistake them for yahoo boys all because of how wealthy they are, this is a mindset that should change
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” ...
@@triciaadam4340 However, if bitcoin gains scale and captures 15% of the global currency market (assuming all 21 million bitcoins in circulation) the total price per bitcoin would be roughly $514,000.
@@triciaadam4340 To the best of my knowledge phoebe Lyla Oakley runs a world wide service outreach from his page I do see different people from different countries testify of good profits received.
I suggest you contact expert phoebe Lyla Oakley he can help you out with his new strategy
Nice way to invest,The earlier you start investing the earlier you know the benefits of investing
Totally right but I strongly advise you do a background check up on your source before you invest, Ensure you are investing through a solid foundation source to avoid losing money
I have lost investing with rigid traders on here,i’m still trading and researching for a more solid foundation source to earn other than RUclips
In all my years of trading and and research the most valuable insight was getting in touch with cryptocurrency currency trading expert Erin and getting my first profit through her,she is a licensed broker reach her i trust she’ll help you earn
Erinsawtell1 @ g m a il , inst a gram Erinsawtell1
All this while I thought i was the only one earning through Erin lol,Having Erin handle my trades is no doubt the best way to secure money,Third profit incurred
Dude look like a homeless man but probably worth more than my entire ancestors
Given the idiotic points he's making, I'd guess he's pretty nearly homeless himself.
@@adielstephenson2929 what idiotic points?
@@adielstephenson2929 oh ok thanks. I am just starting out and trying to learn as much as I can before I start
Jason Rogers 😂😂 man
LMAO!!!
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
@James Vigor Would you kindly suggest a professional with a range of investment options? This is very unusual, and I look forward to hearing from you.
I'm a professional at widening butt crevices with my tongue 👅😋😜
Should have held onto them. You’d be a millionaire now!
Big,big, mistake, selling your properties!!!😢😢😢😢😢😢
i have 3 rentals and just bought another house/twin. gutted the kitchen and sold fridge. guy who showed up owned 16 properties and was still hunting for deals for his rentals. inspired me to check out this channel! investor helping investor!!! plenty of money to go around! 👍🏻👍🏻💪
It’s been 3 years how much money have you made
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@Madie Zancanellatl investing in crypto currency (Bitcoin) is the most profitable investment due to its current rise, huge profits and future benefits.
@Madie Zancanellatl I recently got into forex trading and I'm already marvelling over the profits am making I'm like "how the hell have I been sleeping on this
The world is going crazy!!!!!!!! we are in the alt season😁😁 buy, hold and trade, I invested £25,000 and I have made good profits 😁
90% of millionaires right now are investors in the crypto market
I've been investing heavily during the pandemic and I've been making quite a bit of money. Passive income is great since once you've built your nest egg, the money will continue to come in passively. I am focusing on a hybrid of dividend and growth since I think that both routes are really intelligent. All credits to Zach Micah Demers my advisor
Consistency is the key to a successful investing journey as modest investments for longer periods of time will usually outperform larger investments over shorter periods. I’ll keep working with Mr Zach his ways are very defined and yields results
Who is Zach Micah Demers?
Zach Micah Demers is a highly knowledgeable investment advisor and financial planner who helps me navigate the complexities of investing. His insights and recommendations have been instrumental in growing my portfolio from 40K to 120K
Listen here Bot. I’ll beat the living out of you and Zach. Stop trying to scam people
bro these bots are getting out of hand lol
Bitcoin is the key to success but not everyone knows
@Bridget okpechi That's true
@Bridget okpechi Because some people tried being what they are not
I know a professional
he is good at all kind
he is from United kingdom
One of the best vids about Real Estate and ROI I've ever seen. 👏
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
very valuable comment
Absolutely right... easiest way probably for noobs to make a million in real estate is with a YT channel/info website.
What about FHA. They’re saying you can live in one unit and rent the others and pay 3.5% down… FHA loan limits have increased too.
And also know that you’re going no where in life without risk.
Every financial risk is worth it. It’s a win win. If it works. Then you’ve made it. If it fails. Then you have learnt from it. Life is about learning and experience.
Thank you!
Yes. But investing with the guidance of an expert is the best
Exactly. It's really good keeping an expert with years of experience close. Just like I have Douglas Arthur with me.
Wow you trade with Douglas as well? Invested 6 grands this month with him. And have gotten 4x profit on that. Received direct to my bankroll
Investment is the key to achieving success with the current pandemic slowing down so many businesses.
@@janicef4159 I totally agree with you it has been an eye-opening experience for a lot of people
Building wealth involves developing good habits like
regularly putting money away in intervals for solid
investments. The stock market has plenty of
opportunities to earn which I myself took advantage of.
I made my first million from going diverse, mainly
ETFs(stocks, bonds etc), bitcoin, and gold. Investing in any of these should be in everyones mind.
Yeah!! With the current problem around the world today I think it's best everyone invest more in digital asset than
Saving in banks and real estate. Just my thoughts
@@maschitoni2336 Speaking of digital assets do you mean bitcoin?cryptocurrency yeah??
@@garsonmark2073 yes it is,digital assets are actually the best
way to save money cause you are earning while you
save unlike banks
@@maschitoni2336 Awwww this is the best explanation I've
seen, investing in bitcoin requires good knowledge or best invst with an expert. I started investing in bitcoin just nineteen weeks ago,already made twenty Thousand bulks
@Cordell Andrew I give all the credit to my expert Mr
Daryl Harshbarger , achieving this huge success
wouldn't be possible without him
Brandon nails it! Real estate isn’t just about owning property; it’s about leveraging those 4 powerful factors to create financial freedom. The math may be simple, but the impact is life-changing.
Residential real estate depends on the willingness of people to borrow for what’s typically the costliest purchase of their lives. As the Fed continually jacked up interest rates last year, the average rate on a 30-year fixed mortgage topped 7% last fall - more than double where it began 2022 - before dropping back slightly.I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
@@AlexanderTurke Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
@@AlexanderTurke Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
His name is Chicken McNugget Robinson. He's the real deal if you love to follow youtube comment scammers
These scammers stole ALL my money😢
Omfg! Vladimir corp turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!
vlad is actually a nigerian scammer who stole my property😢
My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?
I often wonder how people who have lots of money managed to save it. Sell the current home, buy another home. Renting is money thrown away. My current house payment is half (or less) of what I would pay for the same living space in rent.
I always thought the 30% rule applied to rent or mortgage payments including taxes and insurance, but not utilities. At least that's what I look at when I'm evaluating a potential tenants income. In any case, if it cuts down substantially on child care costs the move seems worth it to me. Pregnancy can be tricky and you may not be able to count on the wife's income, but it sounds like they have enough of a safety net if she can't work for awhile. However, if I were in these people's shoes I would consider not only selling their current house but offering to buy the house their relative owns. Sounds like those relatives don't really want to be in the landlord business either.
What an envious position to be in at your stage in life.....$2 mm available cash if you sell the house and rent, with roughly $7,000 mo of free cash for all other expenses......a 3% return on the free cash will pay for your total yearly rent, so you have freedom to save of spend with monthly income.
Wow, "I've got so much money I just don't know what to do with it all! Can anyone help me?" How are you investing? i need something more aggressive to grow my portfolio, What do you think I should try?
@@tylerroger1636 Really acknowledged your comment, My portfolio grew by 100%, Couldn’t have put it better myself. I have been working with a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
the best video ive ever seen on this. talks fast and and to the point. no bs no nothing just straight up get up and go.
I want to know what you all think about Vladimir Corp being the best when it comes to making passive incme , Who here thinks so too?
Go away SCAMMER !
I think he is a bad guy he is a nigerian scammer who stole ALL my money😢
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
*I used to have to depend on the people around me because things weren’t really going good , I started off with someone who promised to bring me out of the mud and they have done just that! Who knew Vladimir Corp would be my break through*
That nigerian guy vlad robbed me he stole all my money and then tongue fucked and fingered my cat as i watched in agony 😢🐈
It is worth every second the fact that within a very short time you have been able to elaborate and explain the technique to a point one can easily understand and apply it is applauding. Nevertheless the future one turn to imagine can be a reality if a good information like this is passed and applied accordingly.
Mrs Kimberly is legit and her method works like magic I keep on earning every single week with her new strategy
I also trade with her, and earn $2,600 every week. All my family have been trading with her and making profits
Yes Most people remain poor only because friends and relatives discouraged and advise them against investing and trading forex while the wise ones kept investing and growing higher financially
Trading without a professional like expert Mrs Kimberly is like gambling with your money
Please how do I get in touch with this famous Mrs Kimberly??
@@parker2665 What kind of trade ? Please explain.
The best thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on government especially at this time of this pandemic
I think the pandemic has taught people the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security
Investing in Bitcoin right now is a big chance of making money nowadays
I wonder if I can start earning online from Bitcoin/forex. It's just the most trending now and since lock down everything in business has changed
I've tried storing most times but I always got to withdraw the Bitcoin for some bills payment. I just really need to get involved in forex so that i can got weekly/daily pay💰
@@federicocastro5163 Exactly what I got in mind, but the question is how?
THIS RIGHT HERE IS WHAT WE NEED TO TEACH KIDS IN SCHOOL I learned NONE of this unless I took an elective class my senior year of high school
True
..syllabus is history
no , because then there won't be workers for the normal jobs ;)
💯 Right......
When my English teacher teach us how to write a perfect essays..
Mann I ask him, how to be successful without writing a perfect essays?
See I’m like 18 right now and high school doesn’t telll you anything about any of this.
@@Insidious-K im 12th grade and yeah exactly, they are preparing the gen to go into the rat race , get a useless degree, work 9-5 for 40 years then retire and die broke , i dont wanna do that, and most people are brain washed from that blue print they teach us :D
I like this guy! He's a straight-shooter and honest. Thank you, pal.
At the rate i am going I expect to be a single digit millionaire within the next 6 or 7 years. Good luck to everyone working on financial freedom.
@@ascendedentity2162
It scales incredibly fast.
How did you do it?
@@hailtz
It’s a slow start. Buy one house then another then another.
Do you invest in Real Estate in USA?
Unfortunately it's very hard to find cashflow properties in my country, because the inflation and bank taxes are not as low as in USA...
Usually the rent payment is around 4-6% per year, but the bank taxes are over 7-10%, so the cashflow will be negative...
Any advice that would work in his scenario?
@@mucholoko90
Eww. That is not a good scenario at all.
I do invest in the United States.
I could be wrong but i am thinking your best option might be to save up enough of a down payment to get the loan payments down low enough to get a positive cash flow.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,I just don't know what I do wrong,
@@silviadouglas9094 Most newbies usually undermine and neglect the importance of technical analysis with regards to trading. Technical analysis overly predicts the movement of assets prices regardless to what is happening in the wider or broader market. Essentially, the procedures involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movement of an asset..
@@chadm.daniel2696 That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
Trading on your own is very risky, I've lost alot trading for my self
@@barigwenn1683 that was my case before Earning X3 of any capital you invest from bitcoin trading in just within one week is overwhelming
Hi my name is Jim from Toronto Canada im home owner and rent all rooms in my house and because of this give s me options and little more time and less over time at work I enjoy your podcasts too great stuff.
Most times human beings kill their selves.
Do you know the difference between the rich and poor.
The rich invest while the poor save.
Don’t be among the persons who refuse to invest and keep working their whole life to live.
Investment you placed today will definitely be a life changing one for you
Even after 10 years today.
And also know that you’re going no where in life without risk.
Every financial risk is worth it.
It’s a win win.
If it works. Then you’ve made it.
If it fails. Then you have learnt from it.
Life is about learning and experience.
Thank you !
Yes. But investing with the guidance of an expert is the best.
Pls what kind of investment did you all place with the said Artem Steve
Artem Steve is a well known bitcoin and stock exchange trader. He taught me the ethics of trading I know today.
Definitely it is. I trade bitcoin too.
I bought a land just over an acre.
I bought that through a loan.
I built 4 fairly big houses on the land.
I live in my own house a couple miles away from that land.
All the 4 houses are up for rent.
I’ve payed all my loans off.
And I’m living a life doing what I want whenever I want ✅
And I don’t have to worry about my bills or how much money I am spending ✅
Looking to invest more in real estate
⬆️ All of this happened in just over 9 years ⬆️
Dude good for you
how old are you now? also how much money up-front at the start did it cost?
Lemons I’m 28. And it depends on which state you are in because some have cheaper lands than others. But if you spend around 12,000$ you can buy a reasonably large land. Then it’s up to you what you want to do with it
@@umer5882 what if you buy ready made houses instead of owning a land? Frankly, I'm 18 and don't have any idea.
How did you get it started
stocks or crypto
crypto
@@angelocolley8947 i need a good crypto trader, who can help me with my trading account
@@maxinesanderson2850 Emelia Bergman is the best i can think of
@@angelocolley8947 how do i contact her
@@maxinesanderson2850 her watapp *(+1(716)495-3214)* or her *INSTAGRAM* page official_emelia_bergman
The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with this current economic crisis around the world
I am glad that I am achieving success in trading after I read through a post on btc and how to get started with the help of an expert Evelyn T hills
Is she legit, can she be trusted?
Yes she's legit also an expert and I have been earning from her platform.
Investing in btc now is really good especially with the current growth in price of btc in the market now.
I believe year 2020 was a year that thought everyone to be smart with whatever they're doing financially if they're to achieve the success they so much crave for
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@peterjones7646
That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Many see forex as a get rich scheme but forex is not like that, it's a gradual process with the right tools and application you can make a living from forex trading..
Forex trading is very simple and more profitable when you invest under guidance of an expert
@Mary Author I have been trading under expect Dylan J Mason platform, he made me $23,000 with an investment plan of $4,000
I remember friends calling me crazy when I started investing in bitcoin now I shut them up with my 4 figures weekly returns
I personally love proving people wrong but investing in bitcoin for me has not been impressing. How much exactly do you make if you don't mind me asking?
@@ivymadelyn8716 The first time I told my wife that i was investing in forex trade, she was angry and told me that I will lose all the money I invested in it
I learnt to manage my money through investments and it really works for me
Bought 7 properties last year. Flipped 1 and rented 6. Flip netted $70k which rolled back into purchasing rentals which currently flow $3000k/mo with $400k in equity. All money rolled back into buying more properties. Still have a full-time job. The goal is 150 more doors in the next 15 years. To be clear - this is very hard work, at least at this stage. You don’t live rich by any means. Wealth generation does not mean more discretionary spending (big house, nice car, boat, etc.). I still live paycheck to paycheck and have to budget so I don’t run out of month at the end of the money.
70k on a flip...care to share more info??
I would hate to run out of month at the end of my money
Mark Ippolito this house was a 4/2 with no master suite, and we turned it into a 3/3. It was a full gut but it was in 2.5 acres. Bought it for $115k, added $65k. Sold it for $250k. New plumbing. New electrical. Added three patios, new kitchen, 3 new baths, new flooring, etc. We did all work, so it took about 3 solid months.
Miguel Tharpe - you meant what I knew... 😀
@@troykehoe6153 thx
Recently turned 19 and have been hooked on the though of buying a duplex to rent out the other half as my
First home. These videos are great keep it up!
Thinking about doing the same… this comment was two years ago so let me ask, did you ever go for it?
So it!
@@GAMEUPZgo for it now since you are young.
so how did it go? im 19 and looking to do the same
I swear I've given change or 5 bucks to this guy on the street before.
You did! That’s the real estate secret 😆
Apparently he bought a house with it lol
🤣🤣🤣
😂😂
Funny..!!😁🤣😂🤣😂😁
Equity is established by taking the value of the property minus the principal left on the loan and whatever's leftover is the equity
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Investment is the best thing someone can do to secure the future
You're right I invested my capital in. Bitcoin and I'm making my huge profits already Bitcoin is securing the future
How do i get a professional broker i have been trading on my own and blowing my account
It's obvious a lot of people remain poor due to lack of ignorant
No doubt but they are still available and good broker out there waiting for an investors
Depends on a number of things. What interest your paying the back. Whether its interest and Principal or just interest only. What period of time the loan has been taken over, How much tax you have to pay the IRS, The bank wants to see how much your income is to support the repayments, If you borrow the deposit from the equity of another house, Revolving credit for example, you have to pay the interest on that as well as the interest and principal payments on the next rental. So your income from rentals may be NEGATIVE, meaning you owe more than what you get in every month. Also at the moment house prices are high but they are either coming down or static so no capital gain. Then you have to get tenants in .. Many tenants never look after the place. Lots of things to consider.
Absolutely. This video is too simplistic. He adds cash flow to the value of the home as your net worth. NO! Cash flow is to pay back the loan, property insurance, property taxes, rental income taxes, maintenance, possibly some utilities such as trash or water. My landlord pays for all that.. You are not gonna keep the whole cash flow in your pocket. And the unit will not be rented 100% of the time all the time. Gotta account for that too.
@@SabrinaDacostathe “cash flow” he’s talking about is after expenses
@@SabrinaDacosta1:32 listen very carefully, my friend. He literally says PROFIT... income MINUS expenses 🫡
As it is, investing in Crypto currency is making more than 85% of the world billionaires
@Sophia Baker That won't bother you if you trade with a professional like Expert Jay Pelle FX.
What a genius, when someone is good and truthful at what he does, people will always speak positively of his name.
I doubted it too before I gave it a try...and it was of no regret, because I invested big with £5,000.
Mr Jay pelle FX has brought me out of the wrenches and to a better living through trading options, I encourage newbies to
trade with him.
Jay Pelle FX
1. The cash flow would be nice to be positive. Meaning. You should have some cash after expenses
2. Leverage. Renovate and increase its value
3. Idk this one cause its a bit different in my country
4. Its the same in my country.
Nice vid
Can you get the 20% out of a credit card and loan the 80k from another bank? Or you need to have the 20% already?
IN FOREX/CRYPTOCURRENCY INVESTMENT YOUR FAILURE CAN'T BE INSURED, AND YOUR SUCCESS ALSO CAN'T BE GUARANTEED UNTILL YOU GAT AN EXPERT TRADER WHO'S A PROFESSIONAL IN THAT VERY FIELD
Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements
Cryptocurrency is a very good option if you would like to trade online.
@@charleslapson4939
I heard there are Expert who knows how to forecast the 📈 very well.
A lot of investors got confused about how the traders use their money, wanna know how the money is being used
@Christiana macco
I'm a beginner in trading and wanna reach out to Laura Jasmine, how and where can I do this?
You have to at first build enough capital where you can have you basic living expenses eliminated through cash flow. Get to the point where you can afford a triplex that needs some work or utilize private money lenders(not hard money lenders) to get you in the deal, utilize brrr to refi them out, and from there you are off. Keep getting a few deals in, but if you make your first deal successful with your investors they will spread the word if you ask them who they know that would be interested in 10%. From there you decide where you want to go. Also this process will be either three to six months to get the capital from your deals if you are smart with budgeting. Depending on your connections, it could take a good while before you find a distressed multi so start building your connections beforehand.
Chandler Martinez cool, good advice
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It requires money to make money. this is the best secret I have ever discovered, we don't make money, we EARn and MULTIPLY money
Having a real estate license can be a smart stepping stone into property investment. Personally, I like specializing in multifamily properties because it allows you to leverage commissions, and by living below our means, and saving aggressively - anything is possible. This approach gives you a head start in creating a strong property portfolio early in your career.
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Thank you 4 your good work
Best explanation of equity I’ve heard, such a mind blowing moment to see it in a graph🤯🤯
Gotta love Brandon’s energy “you’re a millionaire!!! No”😂😂😂
No way this is a real comment…
Not sure how you calculating loan. You forgot interest on principle amount
interest is already accounted for. When he says "cash flow" it means net revenue after all expenses, including interest.
He's dumbing it down for the people that have no clue whats going on. This isn't an advanced video.
How 'bout taxes on principal and cashflow? It can eat up your cash flow big time be careful!
Cash flow is factored AFTER all expenses. Maintenance included!
@@ivanburley3487 where i'm from listings talk about net incom without taking into consideration taxes having to be paid when added to yearly income. Yearly declared income is personal to each investor. It can rapidly bring your net net into negative..
Thank you. By far the best explanation I heard about real estate investing.
Starting out an investment is really easy and anyone can indulge. I believe in the laws of compound interest and leveraging. I reinvest consistently with Williams Smith a licensed body of a brcker firm (EQ).. i operate an exclusive package and so far i have compounded about $8,300 with $1,500 invested
I have heard of this broker, but I dont know how to connect with him. Any way?
This nigerian scammer stole my money😢
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It does seem intimidating at first, but the key is starting small. You don’t have to buy a big property right away. I began by investing in single-family homes and renting them out. That alone started building my portfolio.
Hello, where can I invest and make good profit without being scared of losing my money... I'm actually looking for a good trader that can help me manage my trade and make good profit for me at the end of the day
@Bob Richard yes, he's on Whatsapp and Facebook 👇👇
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The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally!
Yeah that very true, most people always have fear and are afaird to do what will makes them successful in life.
Successful people are hardworking, discipline and always risk takers I learned a lot from bill gates and warren buffett they were very patient and very good business men.
Agree
All these tasteless fucking quotes
@@agbaya5314 lol right
It doesn't work like that. During the first half of the loan period, you actually paydown interest more than the principal. So, after the first year, if you pay 2400$/year, only a small portion of that goes towards the principal. So you didn't really cut down on the loan all that much.
it does not really matter what it is that you are paying off as long as the overall number is going down. If the grand total including insurance, taxes, and interest is 200k the after the first month it's 199k then 198k then 197k until its zero. That's what I think he meant by the mortgage, not necessarily interest or principal but the overall number dropping.
All that matters is positive cash flow.
carlos martinez look he didn’t mention that the overall number it is not the real value of the property because it includes the huge interest that you must pay. So if the house worth 100 today, your loan plus intreats could reach 150 or more and it depend on your APR with the bank.
Real estate investing is the bomb, I love it. I try to talk everyone into it because it has such incredible power to supercharge your net worth. I think professionals who are stalled out in their career income (like teachers, pastors, nurses, etc) should really jump into real estate so they can supplement their current income and build real retirement income. And they can become millionaires even if they don't have a lot of cash to invest. I know because I've done it! You can too!
Also forgot to mention that rents can increase too, if you're in an economically growing or high demand area.
Rent goes up in accordance with cost of living, and in many places it is illegal to raise rent more than that, so its not really gaining you anymore money
Idk much about getting loans from banks but even I get one and Im working with 1 property will they give me another loan for another property before I pay them off for my first one if my credit is good and payout is on time every month? Maybe they want me to stay in their debt asking for money so theyll keep giving it to me? Is that the game? Thanks
Wolf Man Fitness It just depends. If a bank approves you for lets say $150,000 maximum, now you have debt with that loan. When you try and get a second loan, they will see you have debt you owe with the $150,000 soo... they may not approve you for much amount or any. Just depends. Also keep in mind that with a loan there is always interest. The sooner you pay off a loan the better because if not then you will end up paying thousands more. Just make sure to read up on this
It's a marathon. If you're tapped out and cannot get more, be patient and keep paying down your loan until you qualify. But make sure you go to various banks before giving up. You may also partner with a friend.
Thank you, have been watching your channels for couple of weeks now and it's really good and really helping me through
I'm 50% ADA 50% BTC 5 year hold
ADA and DOGE, a winning combination
Like you said, those are the only two i see holding at this time
When did ETH go from 6% to 5% when staking to ETH2?
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I really enjoyed the visuals you had on the white board it really simplified the relation of appreciation and loan pay off! Keep the content coming!
With the Loan pay down, don’t you pay that with the cash flow coming in per month?
Justin Choi you do. if the mortgage payment is 1500 but rental income is 1900, you pocket 400 per month. bank needs their money via you paying the mortgage with the check the tenant writes you
What these people FAIL TO TELL YOU is that if you stretch yourself mortgage out and can't pay rent you'll fail and lose all your properties.
That’s because its common sense lol
@@MegaHJ1992 oh, a bright one. Making millions of $ is common sense if u watch vids on YT, yet can you do it? Tell me to which point would you mortgages yourself out ? What's to much. Cause every 1 story of success you hear, you fail to hear the 20 that lost it all.
Jiany Star Massa vich if a person doesn’t make 20% of his total monthly income of his first mortgage, he can take additional risk. However, if 40-50% of your monthly income can be taken by your mortgage you should wait till it goes down to 20%. It is not that hard
jean jeans are you saying a property should net or gross you 20% /month after paying your mortgage?
Jiany Star Massa vich For example, if i am left with 4,000 a month after paying my bills. I want my mortgage to be at 20% which is 1,000 before i focus on getting another rental property. This is less risky for me because if i have too many vacant units i know i still have 80% of my monthly income to take care of these.
I love how you explain everything so good
Yes! Very good advice
Bitcoin trading is easier when you have the strategies and knowledge..I tried placing my trades all by myself but ended in a messed up situation, I will advise you trade with a reliable one
Bitcoin is the future investing in it will be the wisest decision to take right now
Yeah sure
Audren who are you trading with
Wow audren
I may have missed this but I don't recall it ever being stated if you are using the property to rent out or if you bought it to flip it.
I learned more today than in 4 years in college! Thank you. It's never too late to learn & put to practice. Thanks so much!
Nice Video
Thanx for your advice, i just earn $46k debt
Lmfaooo
😂
What type of loans would you use to purchase additional rentals?
I like this guy he makes everything sound simple and easy to follow. I fall in love with real estate investment. Kkkkkkk
I find the video very helpful
How do you make passive income with rental properties when you generate $200-$400 profit per month even if you own 5 properties that’s only 1.7k
@@DusKed everything is easy only when you have someone guiding you through it, someone that has vast knowledge, contact Carlton Jefferson for more inquiries, his the professional broker behind my success, watsappppp +16508644641
Despite all the economic crisis this is the right time to start up an investment
Stocks are good but crypto is more profitable
I wanted to trade crypto but got confused by the fluctuations in price
I heard that his strategies are really good
Yeah
His success stories are everywhere 😱
This is some of the most concise informational content I’ve ever seen.
Just came here to show my son how our ancestors looked
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You Indian named anshul kid Shutup lol 😂
Lol
I don't get it.
@@dr.swisha what's your iq
I am looking to learn a thing or two under investing in real estate. made a fortune already investing in stocks, index funds and cryptos looking to diversify my investments to increase my streams of income, not relenting now it cost me in the past.
can you explain what you mean by a fortune. I am an agent to realtors in CA NY FL PA some 5 years + to properties to be leased, sold. I am interested in investing in finance just never tried because of lack of insight, can you help?
I'll have up to a 5 million dollars in portfolio as profits made in a space of 3 years by march 2020, met this investor at a public offering and he was doing quite well with investments, works with Amazon and will be retired next year, Keagan Botsford. Long story short, I merged investments with his in index funds and cryptos, now here I am.
wow I am intrigued, how can I contact this Keagan?
@@guntherstephan6049 Thank you for Sharing. I would love to invest in stock..just didn't know where to start
Evangeline Spade can help you with investing in bitcoin
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Assets that can make one successful in life
I.Crypto
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You are right
But I don't know why people remain poor due to ignorance
It's not ignorance but unprofessional broker in the market....
Best explanation on real estate investing out there
Appreciation is a not always what it looks like on paper. Inflation (dollar devaluation) make property look like it's gained value, when in fact it's just that the dollar lost buying power. Additionally, becoming a millionaire (in net worth) is a worthy goal, but better is become financially independent. Those rental properties will continue providing income into retirement, hopefully making getting, or not getting, Social Security a non-issue. Same with dividend stocks. Who cares if either increase in value, it's the "passive" monthly income that provides the real wealth.
Not to mention you can increase the rent each year
That's my plan. Passive rental income without working is the ultimate dream and goal. I'm well on my way with that. I have 1 duplex and 3 single family homes...all rented securely with leases. I'm thinking I need maybe one more property and I'm quitting my day job.
spell check for whiteboards. any VCs out there?
How to avoid using fico score every time investing into a property would be a great video
So following this model, how soon after buying the first 100k property should I try to buy the next property?
Thus does work. My uncle doesn't have a job, but he rents out beach houses and make 600k a year.
Damn how many beach houses does he have
That his is job lol
Already house hacking my second 4-plex because of this guy and Biggerpockets using my VA home loan benefits (0% down payment).
Biggerpockets has literally altered my life. Now, my only thoughts are how I go about buying my 3rd, 4th, 5th, 4-plex and which strategy to pursue and then how to move into the 5 unit plus multi-family space.
Grab a multifamily investing book, call commercial conventional lenders to understand their underwriting, call hard money lenders to understand their requirements, call commercial agents like from Marcus & Millichap, study your market by asking businesses, agents, etc, check out city county for job stats for that area, start analyzing deals and making offers. you're welcome.
#LORDSEEDSPY RUclips Channel is an expert when it comes to stuffs like this👍
I appreciate your honesty
#LORDSEEDSPY RUclips Channel is real and legit.
Thank you 4 your good work
OMG!! you changed my whole way of thinking. I will start following some your steops soon
Man, this video gave me a ton of questions. Yes, I know that companies make investments without having enough assets and take the risk of getting indebted, but AFAIK, this risk is far higher for people. Then, if he only paid 20% and has to pay 80 000 back, but get´s only 2 400 per year, then this would take 33 years to pay off the debts! The interest rate would really hurt!
Plus, I´ve never seen houses so cheap. I guess a 50m2 flat costs at my place at the very least 200 000 and the rent is 1500 per month! Plus, you need to take into account renovations after 10 years, insurance, paying lawyers, paying facility managers etc. and all that doesn´t include any actual net income!
Sure, you can hope that the housing costs rise and sell again and thus get rid of your debts and maybe make some income, but that´s quite a gamble. Today, housing prices are ridiculously high and chances are they will fall with the next recession... 2009 was only the beginning, as no problem was solved!
I always admire how these millionaires take the time to post these videos for the rest of us. Thank you!!
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The money made from YT, IG, podcasts, books and whatever else makes them a fortune. I am glad that we have the ability to learn.