How to Make Money in Real Estate
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- Опубликовано: 7 сен 2024
- In episode 12 we discuss real estate with celebrity mortgage broker Matt Garland. Matt is part of DJ Envy’s real estate team and is currently on a national tour with Envy providing financial literacy on real estate investing.
Matt gave tips for first time home buyers, business real estate strategies and insight on how to get your dream house without having to pay for it. We also discussed 50 Cent’s recent real estate debacle and how the average person can learn from it. #realestate #realestateinvesting
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Dope🙌🙌🙌 I appreciate you guys I'm 26 and have 3 units a duplex and a small sfh(owner occupied)working on my next multi unit
I'm a 27 yr old female from ct and I have 4 units. 2 condos and a 2plex. The condos are paid off and I cant wait to pull out the equity & get a heloc.....2020 will be my yr ( looking to add 7 units)
@@enigma6451 cheers queen let's get our last names popping out here😎
I need your help myself lmaoo
What’s your email? I want to learn HOW to get started
ralo390 good work
Oh my word!! He hit the nail on the head when he said our culture is not able to collaborate with one another because of our "ego". Knowing that, what can we do to change the mentality of our sisters and brothers?
As an afro french , I agree
people have to want change within themselves. When I was in my 20s, I thought it was all about outshining the next man. But now that I've hit my late 30s-40s, I know its about helping everyone around me grow
As a fellow loan officer I approve this message... Best Podcast out🤘🏾👍🏾
I had to leave this comment. Im a professional artist and tonight I started on another Nipsey Hussle commission piece.. randomly clicked on this video to feed my brain as I worked and issa whole tribute full of gems 🏁 Definitely in alignment, I appreciate y’all 💯 I came across EYL through Instagram, watched one of your videos and am so grateful for the wealth of knowledge y’all sharing to strengthen our mindsets/communities. Thank you Kings
This guy knows his stuff! Go sound advice. Stay away from those other fast talking real estate guru's.
So many jewels being dropped 💎
We hold ourself back alot due to education too. I wasn't aware of the multi-family until this episode. Thanks for information!
Ya should start putting in links for the guests in the description section. Great show....
This is why I love youtube my goodness thank you thank you thank you thank you ......
Happy you were able to find our platform
The only podcast I listen to 🤝🏽 #LoveTheShow #RestInPowerNipsey
#TheMarathonContinues🏁🏁
OMG. I luv ya'll!!!! I've been telling my kids to make their first property a multi and they think I'm crazy!!!! So I sent them this link and told them they MUST watch and will be tested afterwards!!! LOL
Just found out about this podcast, but glad I did. A bunch of gems dropped on this episode.
First off I hollered when Matt mentioned Sous Sous, lol I am African and we are BIG on sous sous. But I wish I this podcast was recorded before I purchased my first home in 2017. I was just telling my husband that we should of started with a multi family and moved after 12 months. But I just got my 1st investment property and im already applying the gems discussed in this podcast! Thank you Guys!!!
Thank you for this great info bro I’m 19 and hungry 💰
I’m 19 rn any advice for me, and how are things going?
This video is great. Took notes and even shared. The education of our youth is very important too. So where your child attends for Kindergarten does matter unless you are going to make sure that you are working well with your child and giving them different experiences. Literacy is what we don't push enough... we speak about the school system sucks but then don't do extra to make it right, whether it's through volunteer, creating supportive programs etc. We have to rise up in multiple areas, and real estate is one of them. Thanks for the interview and information. Loved it. 💗✊🏾
Game changing!!🗣💎💎
That Monopoly money quote hit different
Appreciate yall mad love from la, ima single dad looking to setup generational wealth its chosen ones like you that give the homies at the bottom hope and knowleadge
That jawn was fire all the way through!! Gems to keep you motivated.
Definitely took notes!! Great information guys, I needed to hear this!
*Bought
Keep up the great work. I watch yall all the time
Just got on to you guys!! Attend to watch all eps from jump!! #powerful
That’s my goal out here in Oakland, Ca. Hella expensive but I’m working!!
I’m from Oakland E.S.O The bay is expensive
So, what do we do if we've already bought a single family home first? And now that I understand more abt real estate after listening to all you guys, I'd like to purchase a multi-family home, and my income needs improvement, but I still need to know how to qualify for a loan.
Talk to a loan officer
26:17 "you can always buy a single family home. There's never going to be a shortage..."🙄 I'd like a 2021 version of this episode please
I'm the proprietor owner of Reed international and World Enterprise here in Memphis Tennessee Shelby county
A TON of learning takes place within the first few years of life. If you can get quality education young, get it
Gems - such incredible info
.... BOMBSHELL! whoo! As a agent this guy made me proud lol. I'm already planning on getting that mixed use as well here in Brooklyn or nyc, and i want to partner as well. But i really CRINGED when he spoke on condition of our ppl because i WANT TO partner with my ppl but it's a lotta that bs smh. Keep pushing KINGS! and my guy Rashad!
You haven't met the right person yet.
Ashley Herda true.
I’m looking forward to joining forces with people. I want to start with my family since so many of them are doing it solo.
Guys could you start getting guests to put numbers on a whiteboard to illustrate real estate deals. Also, if any have actual receipts to backup claims that would be very credible. Thanks Great Job!
So much great information! I just shared this with my sub30k mastermind group of Facebook! Keep it coming. I hope to connect with you soon
Vickie Woodard what group is that?
Should you get a equity loan or a cash out refi with your equity that's in your home?
Peace and blessings gentlemen. A few brothers of mine just started pulling our money together to buy an old building and convert it into residential. Can you speak on the best way to do this?
Lots of gems! Thanks a lot. I learned a few things here!!!
Question: "you gotta know the game." Do you learn the "game" taking the classes to get your real estate license? Do you learn the "game" being a mortgage broker? If you wanna play do you or should you be both?
Love this advise! Thanks for sharing.
Great guest, once again. Thank you.
Been with yall for awhile....lets keep it going!!! Gems!
Fire show!
The estate and heritage belongs to me Richard Reed Jr
Memphis Tennessee Shelby county
Needed this💯🤘bless
14:50 In the Kingdom of Siam (now Thailand) white elephants were considered very rare and under royal protection. If any harm befell one, the king would severely punish the person responsible. If a person pissed off the King, he would make them the gift of a white elephant from the royal stables. Usually the person would go broke making sure that the "gift" was well-fed and taken care of. Hence the term "white elephant project" to describe a project that would suck up all of the person's time and money and bankrupt them.
Seems a bit different than what 50 and Jordan did. They made the mistake of customizing the houses to a fault. So much so that it was hard to sell. Jordan customized his so much that no one even wanted it. He still owns it I believe. I guess technically it could bankrupt him if he ceased to produce money for the next 100 years but all in all it's just a burden to sell but doesn't affect his wealth very much.
Can't find his instgram. Has he changed his name?
Great content. Again.
Mind set!!!! YES!
If you already have a single family home, can you sell it then buy a multifamily home with a FHA loan?
Blessed Highly Favored great question! Looking forward the an answer
Yes you can
There ARE situations or exceptions where you CAN have multiple FHA loans...
Like what, please explain..
1 year later....
Great guest
I'm here for it..LET'S GOOOO!!
Just great info !
thanks for listening
did it again!
Maybe I missed it but why would your 2nd property cost 25% down? I've not heard of a firm 25% down payment just based on buying a 2nd home?
Most peoples 1st homes are bought using FHA Loans. Generally you cant have two FHA Loans so if you were to acquire a 2nd..3rd..so on you would have 2go Conventional, which means putting down 20-25%.
@@quest8054 okay. Yeah thats right. I forgot about that part.
What if you live in a great big giant suburb called Houston, where multi-family properties are few and far between? What is the strategy for the 1st time homebuyer trying to get into the game?
Houston is considered a suburb now? lol
@@kassandra21590 right lol
I was actually wondering the same. I can’t think of areas with multiple family properties that are where I’m located
EYL
Gooooood info
The word is called "Househacking" for the multi-family home.
Don't you have to pay back equity, that's another bill?
Whoever put a thumbs down need a punch in the face.
WOW!!!
Tmc ty ))))) 💎💎💎💎
RIP Nip
💎💎💎💎
These underwriters are sharks. Ugh...🤦🏾♀️🤦🏾♀️🤦🏾♀️
you guys are thinking in terms of a family instead of: (a) person who likes to spend money; (b) money is no object; OR (c) "I've always wanted it so i'll get it. He didn't care about the money he lost. Because if he did; he would have found someone like Matt Garland who could have told him. Turn the house into a retreat and earn your investment back. It in a suburban area that would have been great for companies and business owners to go enjoy themselves and relax like a bed & breakfast. NOT like a hotel. A bed & breakfast retreat. LOOPHOLES. I love you guys channel keep doing it. FYI flip your logo. you guys always sit in the same position. on camera left is right and right is left. but on your logo the faces are not the same way. just thinking on a marketing perspective for folks who never seen your channel. better to keep burning off the seams to create a clean look. instead of just saying "the H-- with it. lol.
He thought the white elephant story was real...??😐
I was the 778th like The God # and the Infinite # - I will be rich in the life i thank you : follow me on ig snap and fb Pay Forte or @Payforte on ig & snap -infinite love - Rest In Peace Nipsey Hussle