r o c k y that’s awesome!! The earlier you can start the better. I have made money online and I wanted it to work for me, not just sit there, that’s why I’m investing now
I felt the same way until I found this channel, he really is down to earth and gives great step by step advice ruclips.net/video/jNI-0juEpLc/видео.html
Ace well that’s just racist. Every race has a ton of scammers. Every been emailed by a Nigerian prince who needs your help? Or an Indian guy who wants to pay off your student loans?
- Make a Plan - Choose your market - Build your team 3:59 - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
Im 23 and just purchased my first home that im actually living in. Now wanting to purchase a couple of rental properties in the area which is a little scary but worth it.
Awesome, good job. I just bought my first home, 21. $45,000 for house, 1.5 acres and old barn. And put 9k down on it. Goal is to have this fixed up and paid off in 3 years, then buy another fixer up, and rent this one out. By age 30, I want to own at least 3 homes, and rent two out, then keep adding up from there, I want at least 10 rentals before I quit full-time job.
dont be scared - just tap into your local REIA group and network within the community with like minded investors that you can lean on if times get tough...
robbybaby1200 Build up your credit and save capital for your first investment. Most banks require 20% down on investment properties. Study your market while you’re working on the credit and capital. Good luck.
David Grant if you don’t mind can you tell me how you started..I currently have a 730 credit score and I’m interested in using my credit to get into rental any advice?
I bought my first rental at 27. It's worth less than I paid for it. It only cash flows $100 per month and I have about $5,000 in maintenance that I need to pay. Back to the stock market I go!!
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
Yes and no. When you start out the greatest problem is usually money. So doing everything yourself helps with that issue...….But after everything is up and running the greatest issue is time - so then you want to sub out as much as possible
Seems there is a perception by many that real estate is the best way to build wealth, after all, the past few years have resulted in extraordinary appreciation. Those price gains are unlikely to continue and the risk of a down cycle is increasing. While real estate is a great way to diversify a portfolio and hedge inflation, the article points out the advantages of investing in equities. Granted, equity markets fluctuate but over time, a low cost S&P 500 ETF will likely outperform. Finally, there are ways to invest in real estate without having to be a landlord and deal with the headaches that come with it.
I suspect that real estate will be impacted by the current inflation. Starting in 2019 housing prices started to increase and since then they have continued to increase in 2020, 2021, & 2022. Will this increase continue? Who knows. But many of the current purchases are for cash and the fact that interest rates are rising doesn't have quite the impact on cash purchases. Although those paying cash may begin to realize that their money could earn more with short term investments in fixed rate items. Generally trees don't grow to the sky so use some common sense.
@@Gbdnd I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@AyaanFarax223 Really acknowledged your comment, My portfolio grew by 1,000% within 8 months. Couldn’t have put it better myself. Last year a colleague introduced me to 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.
Purchasing my new property this weekend. Bought my first two properties when I was 21 and sold them a few months later because I didn’t know what I was doing. But I’m much more knowledgeable and ready now. Time to own the South African market again!
Great advice! These 8 steps are simple, not easy, but totally worth it! My families financial picture massively shifted when we went from flipping to purchasing rental properties several years ago. There is no better way for the average person to build wealth (relatively quickly)!
Thank you for the invaluable insights on property investment! Your expertise shines through in every video, making complex concepts easy to understand. Your dedication to educating your audience sets you apart, and I'm constantly inspired by your commitment to helping others build wealth through real estate. Keep up the fantastic work - you're truly making a difference in people's financial futures!
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands.
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
Brandon Turner. If your story is true, you are living out the life I am currently praying and working for. Thank you for sharing to the internet. Many will watch, few will act. I am few. Thank you.
Seems like the best way to accomplish alot of these smaller goals is to join a local RE investing organization and start networking. They usually have alot of good property leads as well.
What happens if the rental property needs fixing up (changing the roof, flooring etc) where does the money to do the repairs come from? Do you include it in the loan or is it your own money?
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
Amazing, I quit school in 6th grade because the 10 multimillion properties i managed weren’t enough for me. I went on to owning Walt Disney and planet Earth and get paid infinite amount of money every month.
As I was gonna start kindergarten I dropped out cause child care was ruining my family so I started working in sweat shops getting paid pennys to nothing but I managed to save and I took a smarter route purchasing mansions and renting them out all from a book I ate called real easate for dummies and from doing this I Know if I Can Do It So Can You
When I was in my mama tummy, I was already a real estate investor. I popped out and bought 5 houses already. Life is good. Now I really can't tell which one is real.
I have a rental property and it has made me second guess this route. I think people sell it as easy and fast. I think stressing the need for research, homework and realistic expectations.
I'm 17 and about to graduate high school but don't have much in savings and have no credit or money. I also live in an expensive area (NYC suburbs) so I'm considering building savings for a few years and buying properties when I graduate college in a few years at 20 (started CC early with a lot of credits). I'm thinking of moving to SW Florida, Houston, or Phoenix and investing there since most properties are cheaper than where I live and the populations are growing significantly in these areas.
Typically after mortgage and property management fees, there is only enough money left to pay the property tax. Please give us some pointer on how to increase the margin while using property management service.
This is exactly why i drive an old car and still have a high paying job. While everyone else is busy 'working' for big corporations by buying their expensive products and servicing them, i'm paying myslef first! By investing :) be smart and do the same people.
completely agree. Im about to graduate University and see many of my friends driving new cars they cannot afford, just to impress and look good. I much rather invest and not live pay check to pay check.
How do you know what everybody else is doing? I work for a big corporation, and I also buy loads of gadgets but I also invest. So I ask you what's the point of your statement?
Adam Dyer that was because of bad written mortgages that were supposed to be backed and sold off. It’s not the people who bought the houses. It was bad contracting from the Wizard of Oz institutions....
Yeah great good for you. OK but I just don’t have all the Caple you have. What about just a little people trying to get some extra income. I just wanted to find out about find the first property.
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
I should be getting into this here shortly (year or so.) I have a very successful real estate broker for a friend that is practically mentoring me through the whole process. Doing a couple flips first to get started. But I’m really excited and ready for a new start. I’m 38 so I’m starting late but my body can’t do physical trades anymore. I’m in an excellent area for this also. (On the coast)
I don't invest in real estate because I don't know how to fix houses which means I'll have to pay contractors tons to do the work and it'll eat up my profits. That's my only concern.
This is the thing I've rented out properties in the past. For my own property but I don't have those properties anymore salon flyers kind of curious about this. I'm just curious I tell if someone wants 200 a month how much would they have to spend? Is it like 20,000 or what what would the what do people usually spend?
Wow man you're such a great storyteller. Love how you told your own story in the 3ed person then revealed it was you at the end. That was so dramatic and inspiring. I want your life man! (And your beard)
Old video but figured I would ask. I am 34 and renting an apartment that I like. But looking at buying my first place but only to rent it out. Can I use a conventional loan to buy my first place only to rent it out immediately or must I live in it first for a year?
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
hey im 14 and I want to be just like you. ive been doing research for the past month. I live in the bay area too so i think im in the perfect place. im not sure how to get started. when i get older if i still want to do this can u help me out. im a good kid and i get good grades.
Hey buddy, it’s good that you’re already trying to educate yourself in financial freedom! Go to biggerpockets.com and talk to people there. Create an account and ask questions. By the time you’re of age and have the money you’ll hit the ground running! Good luck!
How do you go about investing into property if you’ve have unfortunately dig yourself into a credit hole. Is there a way to invest and get approved for loans for property rentals even with bad credit?
I’m 20 and bought a 2018 civic. How much are you paying monthly for the Benz ? How much down payment ? I’m trying to get a rental property soon too. Oh and if you don’t mind me asking what do you do for work ? And about how much do you make to be able to afford that ? At 19
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
What should I do for my first property? I've been considering it for 5 years and I'm finally wanting to execute the plan but my first rental, what should I be looking at?
Step #1: Make a plan. Everything starts with a plan. One cannot do anything purposeful without a plan. The bigger one's goals are, like attaining financial freedom, the more one needs a plan and a more detailed one at that. At 2:26.
Overall good stuff but disagree with your #2 point. When starting out in most cases should be in close proximity to where you live to allow hands on. Too many things can go wrong for a newbie (or even experienced investor) and the only safe way to stay on top of things is to be present on property thru out the process
Real estate investing is the way to go to build wealth. Rent it out and generate cash flow. Use the rent payment and cash flow to pay off the mortgage quick, then sell the house. You never ever have to put in your own money at all! Profit $$$ in ten years or less.
Seek to understand as much as possible about the market: -where do people like to live? -where are property prices higher? Where are they lower? -What are rent prices? -Crime? Build up your real estate team Core Four -Real Estate Agent to help you find deals -Lender for best financing -Property manager advise on best neighborhoods -Contractor to work on property Recommendations Figure out your financing options Start getting leads Start analyzing deals Math overcomes fears, do the math & the math will dictate what makes a good deal Offer & negotiate Close and manage
Tell me if my long-term strategy is wrong.. I am saving now as much as I can (reasonably good amount), not taking action and only watching videos and thinking about books to read. By the time I get enough $$, I’ll contact the professionals, the ones who already do and succeed (like you) in this field to help me make good real estate investments.
Gedenir Fiorese . No. Educate yourself, save your money, educate yourself more, take the leap. It's not rocket science. You've just got to trust in your abilities.
I would recommend talking to your family members, I didn’t know this about mine, but after a lot of them finished paying off their homes they either sold or rented them out. You probably have the same, also see who has maintenance experience
I used the Dave Ramsey method to get out of dept. My house will be paid off in 3 months and then I will have $3,200 per month in disposable income. Trying to figure out how to get into this without making huge mistakes.
I can't believe I was able to have $30000 worth of Bitcoin in just one month and half of trading with expert Mr Nicholas Barron trading services. Come across some nice comments about him on RUclips and I give it a shot. I don't believe in Bitcoin before
I'm also benefiting from Mr Nicholas Barron trading services. I was afraid investing with his platform until I got confused by my friend who link me up with him and since then I've been earning at least $5,400 profit weekly from every $1000 I invested with him
I lost about $4000 to scammers before I was referred to Mr Nicholas Barron trading service believe me he help me recover the $4000 I lost by the scammer and made me an extra profit of $13000 in the space of one week and three days after trading with our broker
Great video. Question how do you keep buying homes. Loan officer said only option for me is to put down 30k. I don’t have that much each time to purchase. Any advice would be much appreciated
Manu Alexander no way! I buy houses in full for less than 50k and make awesome returns on them. My tenants pay all my bills associated with the properties and we have them paid off inside of 4yrs. Be comfortable with the market(s) you want to buy in. But don’t count out markets simply because they are not near you. I also work with several out of state and out of country investors who need advice/help with finding their properties in my area.
Wow!!! WTF??? Dude, I just got back from Barnes and noble and brought your RENTAL PROPERTY INVESTING book today! Now I’m on the toilet and decided to watch some videos(LOL). I click on the first vid I see, which is this one here......and you say your name! 😧 SO BIZARRE! So dope
video starts at 2:27
Not all heroes wear capes.
no no no this guy gets you hyped at the beginning.
Lmao tyvm
not all heroes wear capes
Lol
I am 17 and just bought my first house to use as a rental property. I wanted to start early because I think it’s smart.
I’m 16 and would like to do the same
r o c k y that’s awesome!! The earlier you can start the better. I have made money online and I wanted it to work for me, not just sit there, that’s why I’m investing now
How’d you make the money?
Hey how are things going with your rental?
How’s it gone
Bought my first rental prop at 20. 4 bed single family home. $103k, now valued at $265k with $40k in updates(all profit from renters).
how did u buy?
mummy and daddy hand outs @@movies8682
This is the most general advice I have ever seen and seems nothing more thatn you trying to sell a dream and sell your book.
Correct !
I felt the same way until I found this channel, he really is down to earth and gives great step by step advice ruclips.net/video/jNI-0juEpLc/видео.html
From the stand point of someone who had no idea how to even start, I think it was a great video. We all have to start somewhere.
Who knows maybe if we dig deeper , he might not even own 1 house in his name , lol
Ace well that’s just racist. Every race has a ton of scammers. Every been emailed by a Nigerian prince who needs your help? Or an Indian guy who wants to pay off your student loans?
- Make a Plan
- Choose your market
- Build your team 3:59
- Figure out Your Financing
- Start getting leads
- Analyze deals
- Offer and Negotiate
- Close and Manage
Jam I just took a snapshot of this comment lol thanks
Shut up
Jam what do you mean build a team like a bussiness partner?
Peter Smith I’m assuming real estate agents, lawyers, lenders, property management and befriending other real estate investors.
redgear4566 gottcha
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
That's right sir.
Investment should be what every wise person should engage in.
Yeah. Poor people plays the game not to lose because they don't have much to lose on the same game.
So they have to be sure
@@patersondavis3858 lol that's true.
*if you give people multiple opinions, they tend to choose between the options rather than thinking yes or no* wow! Brilliant tip! ✨
Im 23 and just purchased my first home that im actually living in. Now wanting to purchase a couple of rental properties in the area which is a little scary but worth it.
delores delores do it! I’m 40 and just purchased my first rental. It’s never too late or too early!
How much did you put down on the house?
Bought out right in Springfield, MO. $30k. For a run down house from 1928 with an extra lot.
Awesome, good job. I just bought my first home, 21. $45,000 for house, 1.5 acres and old barn. And put 9k down on it. Goal is to have this fixed up and paid off in 3 years, then buy another fixer up, and rent this one out. By age 30, I want to own at least 3 homes, and rent two out, then keep adding up from there, I want at least 10 rentals before I quit full-time job.
dont be scared - just tap into your local REIA group and network within the community with like minded investors that you can lean on if times get tough...
Working on my second property right now. Goal is 50 rentals in 5-7 years. Love your vids
David Grant what kind of property do you have? Is it a lot? A house? Or?
AC Hustle probably not a lot lol
robbybaby1200 I’d say yes!!!! Build credit and save
robbybaby1200
Build up your credit and save capital for your first investment. Most banks require 20% down on investment properties. Study your market while you’re working on the credit and capital. Good luck.
David Grant if you don’t mind can you tell me how you started..I currently have a 730 credit score and I’m interested in using my credit to get into rental any advice?
I bought my first rental at 27. It's worth less than I paid for it. It only cash flows $100 per month and I have about $5,000 in maintenance that I need to pay. Back to the stock market I go!!
Purchased my first home in SC at 22, husband got stationed in NC so we're renting it out. We're closing on our second home tomorrow!
How did you guys rent it out? Did you use a property manager?
@ we ALL care…that’s why we’re here, beloved
Update? How are things going for you now?
@lm12cm Sorry, just seeing this and, yes. Property managers have been wonderful
@@Berta2real I knoww
My first year doing it. Start small grow big - it's easy to get overwhelmed. I started w. A literal tiny home.
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
Yes and no. When you start out the greatest problem is usually money. So doing everything yourself helps with that issue...….But after everything is up and running the greatest issue is time - so then you want to sub out as much as possible
Core 6
5. Lawyer (Closing, Contracts, etc..)
6. CPA (Real Estate Accountant)
Very good point
Should we wait to see how the market plays out?’ I live in Arizona, and want to purchase a rental home in Texas. Is this a good time?
Seems there is a perception by many that real estate is the best way to build wealth, after all, the past few years have resulted in extraordinary appreciation. Those price gains are unlikely to continue and the risk of a down cycle is increasing. While real estate is a great way to diversify a portfolio and hedge inflation, the article points out the advantages of investing in equities. Granted, equity markets fluctuate but over time, a low cost S&P 500 ETF will likely outperform. Finally, there are ways to invest in real estate without having to be a landlord and deal with the headaches that come with it.
I suspect that real estate will be impacted by the current inflation. Starting in 2019 housing prices started to increase and since then they have continued to increase in 2020, 2021, & 2022. Will this increase continue? Who knows. But many of the current purchases are for cash and the fact that interest rates are rising doesn't have quite the impact on cash purchases. Although those paying cash may begin to realize that their money could earn more with short term investments in fixed rate items. Generally trees don't grow to the sky so use some common sense.
@@Gbdnd I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@AyaanFarax223 Really acknowledged your comment, My portfolio grew by 1,000% within 8 months. Couldn’t have put it better myself. Last year a colleague introduced me to 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.
@@AyaanFarax223 Through her you can get strategies designed to address your unique long-term goals and financial dreams.
Purchasing my new property this weekend. Bought my first two properties when I was 21 and sold them a few months later because I didn’t know what I was doing. But I’m much more knowledgeable and ready now. Time to own the South African market again!
Great advice! These 8 steps are simple, not easy, but totally worth it! My families financial picture massively shifted when we went from flipping to purchasing rental properties several years ago. There is no better way for the average person to build wealth (relatively quickly)!
@@kabutoyakushi6618 I totally agree, if you don't know what you're doing...
Thank you for the invaluable insights on property investment! Your expertise shines through in every video, making complex concepts easy to understand. Your dedication to educating your audience sets you apart, and I'm constantly inspired by your commitment to helping others build wealth through real estate. Keep up the fantastic work - you're truly making a difference in people's financial futures!
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands.
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
finally someone that can actually teach you something instead of trying to get views and subscribers
Truth be told, I have my portfolio managed by an investment broker, with her help i was able to make huge profits from my investments.
@@driftgod7894 i ll love to know about her and preferably get to try it out.
@@NathanLewis7871 You can look her up online, her name is FREDA LYNN JOHNSON. She does a very nice and thorough job
Brandon Turner. If your story is true, you are living out the life I am currently praying and working for. Thank you for sharing to the internet. Many will watch, few will act. I am few. Thank you.
How’s it going so far
Seems like the best way to accomplish alot of these smaller goals is to join a local RE investing organization and start networking. They usually have alot of good property leads as well.
totally agree
What happens if the rental property needs fixing up (changing the roof, flooring etc) where does the money to do the repairs come from? Do you include it in the loan or is it your own money?
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
Zactly what I did
Exactly! Get rich SLOW! It's not as sexy, but the most effective way to do it!
I love how you make learning enjoyable and easy to follow.
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
Amazing, I quit school in 6th grade because the 10 multimillion properties i managed weren’t enough for me. I went on to owning Walt Disney and planet Earth and get paid infinite amount of money every month.
@@trenton1 can’t tell which one is real
As I was gonna start kindergarten I dropped out cause child care was ruining my family so I started working in sweat shops getting paid pennys to nothing but I managed to save and I took a smarter route purchasing mansions and renting them out all from a book I ate called real easate for dummies and from doing this I Know if I Can Do It So Can You
When I was in my mama tummy, I was already a real estate investor. I popped out and bought 5 houses already. Life is good. Now I really can't tell which one is real.
I'm hoping to start on that trajectory within a year or two. Passive income through real estate investment is where it's at!
I really like these short videos that get straight to the point in a short amount of time. Keep em coming!
Yes! We really like them too!
I have a rental property and it has made me second guess this route. I think people sell it as easy and fast. I think stressing the need for research, homework and realistic expectations.
The first three minutes of this video can be skipped
Why? I found it interesting lol
Buying my first rental property next year. Can’t wait
I'm 17 and about to graduate high school but don't have much in savings and have no credit or money. I also live in an expensive area (NYC suburbs) so I'm considering building savings for a few years and buying properties when I graduate college in a few years at 20 (started CC early with a lot of credits). I'm thinking of moving to SW Florida, Houston, or Phoenix and investing there since most properties are cheaper than where I live and the populations are growing significantly in these areas.
Just bought my first 4 unit for 55k it's 4 efficiency apartments at 350 a month that are in ok shape for the area but we all start somewhere
I should of said no to drugs
Yup. I just did and things are looking up. Never too late
You "should have" or 'should've'.
Never use "Should of" as it is incorrect.
Don’t be a Puto! Step up your game and sell drugs now that you know the market.
Me to. But hey it's never to late.
never too late bro
Very well explained Brandon
Respect from Pakistan 🇵🇰
All I can say is, Thank you! I have learned so much for free here!! It is definitely worth every second I spend here
if you found this video you on the right step. the next step is taking action.
Im inspired 😊 at age 24 i started with 7 rental units.. Hoping i can expand
Can you tell me how you started with 7 units?
@@fatbabyjesus7387 hello! I started with a salary loan
@@geyjune1551 hey, how has it gone?
@@boywithbali3830 its still operating, were planning to expand this year,
@@geyjune1551 awesome, I hope you can keep growing 👍👍
I am trying to be that second guy! I have 3 rental properties at 32 years old and hope to buy a new rental property every single year!
Typically after mortgage and property management fees, there is only enough money left to pay the property tax. Please give us some pointer on how to increase the margin while using property management service.
This is exactly why i drive an old car and still have a high paying job. While everyone else is busy 'working' for big corporations by buying their expensive products and servicing them, i'm paying myslef first! By investing :) be smart and do the same people.
completely agree. Im about to graduate University and see many of my friends driving new cars they cannot afford, just to impress and look good. I much rather invest and not live pay check to pay check.
How do you know what everybody else is doing? I work for a big corporation, and I also buy loads of gadgets but I also invest. So I ask you what's the point of your statement?
Do both invest and live at the same time. Live while you still have testosterone
You can do both... my aunt has a 911 gts but also has 4 rental properties and a share of her company
Same here dear!! I can careless about the expensive cars
I’m 19 and I’m already looking to build a team to buy rental properties 🤝💪🏼💪🏼💪🏼 glad to have build my financial IQ and I’m ready to take action
All said and done you need to start saving for seed money first. Most Americans spend first save later.
For everyone asking "what do I do now"... the answer is, go buy a house.
Michael Simolke this is what causes markets to crash
@@ATLFUNKCARTEL how does that make market crashing?
css403 people buying things they can’t afford and racking up a ton of debt. Look at what caused 2008 recession.
Adam Dyer that was because of bad written mortgages that were supposed to be backed and sold off. It’s not the people who bought the houses. It was bad contracting from the Wizard of Oz institutions....
@@youngkey3051 Amen! They gave out mortgages like the sample people at the grocery store.
Yeah great good for you. OK but I just don’t have all the Caple you have. What about just a little people trying to get some extra income. I just wanted to find out about find the first property.
Closing on my 2nd rental in less than 30 days. Whoop whoop
Jason Adkins what's you first?
@@raykingsterling6939 My 1st rental is a 3 bedroom 1 house single level.
Rehabed and tenants are moving in on December 1st.
@Jason Adkins - have you made it to your 3rd yet? how are the first to coming along?
I am hoping to get my 3rd in March.
So should your first property be a rental or should it be the home you live in?
thank you so much for making real estate easier to comprehend. cheers
Need good credit to do this. I’m giving myself a year
100% my plan for after high school
Legit just got out of highschool, and plan to get started sometime next year, hope it goes well for you!
This is it. I'm gonna use my first job to get me some capital to be able to get started.
Lots of great info at a fast pace. Had to rewind multiple times for some notes.
Man you have changed my perspective on life! Priorities first! Thank you so much Mr. Brandon Turner!
Professional guidance brings about remunerative results. Great job Payden, you exceeded my expectations. Thank you.
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
I can tell you personally that this is nothing but the truth. If I hadn’t gotten expert guidance, I wouldn’t have made it this far.
I almost started to cry when he said keep going
I was the first guy, trying to now become the second guy...
Danny 303 Assign v. Double Close
ruclips.net/video/eBtxdJAIcf8/видео.html
I’m the 4rth 😂 you from Colorado 2? I was thinking about buying in Texas
Danny 303 ha ha. That’s how I got here too
Danny 303
Yes, I know the feeling
Just little late in the game,
in Kalifohnia👌🏽😉
I should be getting into this here shortly (year or so.) I have a very successful real estate broker for a friend that is practically mentoring me through the whole process. Doing a couple flips first to get started. But I’m really excited and ready for a new start. I’m 38 so I’m starting late but my body can’t do physical trades anymore. I’m in an excellent area for this also. (On the coast)
mentorship is huge! also - never to late to get in!
I love these videos. They are very honest and inspirational.
Lol inspirational? Yes. Honest? Not at all
Once you buy your first duplex how long should you wait until you buy the next duplex?
I don't invest in real estate because I don't know how to fix houses which means I'll have to pay contractors tons to do the work and it'll eat up my profits. That's my only concern.
This is why condos are a great choice to start
This is the thing I've rented out properties in the past. For my own property but I don't have those properties anymore salon flyers kind of curious about this. I'm just curious I tell if someone wants 200 a month how much would they have to spend? Is it like 20,000 or what what would the what do people usually spend?
Wow man you're such a great storyteller. Love how you told your own story in the 3ed person then revealed it was you at the end. That was so dramatic and inspiring. I want your life man! (And your beard)
Old video but figured I would ask.
I am 34 and renting an apartment that I like. But looking at buying my first place but only to rent it out. Can I use a conventional loan to buy my first place only to rent it out immediately or must I live in it first for a year?
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
I have a better option for you if you want to increase your money
by "buy" rental property, do you mean actually buy the entire price tag? Or just borrowing money and renting out the house the bank actually owns.
How does the bank approve you for a loan for multiple houses?
Cami Cane I’m using a cash out refi on my first house. This will pay off my second investment property I will close on in two weeks. Hope this helps
jvaldez5 hello ! Do you have an Instagram I want to learn from you , I’m 17
Next Level Real Estate Investor !
hey im 14 and I want to be just like you. ive been doing research for the past month. I live in the bay area too so i think im in the perfect place. im not sure how to get started. when i get older if i still want to do this can u help me out. im a good kid and i get good grades.
I know alot of people that are blind to making money this way just like my parents
Hey buddy, it’s good that you’re already trying to educate yourself in financial freedom! Go to biggerpockets.com and talk to people there. Create an account and ask questions. By the time you’re of age and have the money you’ll hit the ground running! Good luck!
Was up I’m 13 and I’m from the bay too
Lmao investing in the bay as a newbie?! GOOD LUCK... youll need it
How do you get started? Easy, get a job and start saving.
Please make a video on pros and cons in investing property in a different state
Just paused the video to write this comment. GREAT intro to the video about the 2 guys. Great content. Continuing now.
How do you go about investing into property if you’ve have unfortunately dig yourself into a credit hole. Is there a way to invest and get approved for loans for property rentals even with bad credit?
19 just bought a 2019 Mercedes E300.... i feel stupid 🙃
I’m 20 and bought a 2018 civic. How much are you paying monthly for the Benz ? How much down payment ? I’m trying to get a rental property soon too. Oh and if you don’t mind me asking what do you do for work ? And about how much do you make to be able to afford that ? At 19
U are
Properties can generate income through rentals, adding a layer of financial flexibility for owners.
Awesome advice. Thanks will be following all videos and I need all your books
Great video. Helped me start my business. "where ya goin' Jack & co." 👍
I shouldn't have bought that motorcycle
Scott Stewart always buy a motorcycle
yeah always buy a motorcycle
Selling myne to have more money for rentals to make money for better motorcycles😂
What if you made the motorcycle come with the rental property? 😉
I read your book. It was great. I'm going to reread it again before I jump into my first property. This coming year.
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
If you liked his video you will also like this one, I learned a lot here ruclips.net/video/jNI-0juEpLc/видео.html
What should I do for my first property? I've been considering it for 5 years and I'm finally wanting to execute the plan but my first rental, what should I be looking at?
Step #1: Make a plan.
Everything starts with a plan.
One cannot do anything purposeful without a plan. The bigger one's goals are, like attaining financial freedom, the more one needs a plan and a more detailed one at that.
At 2:26.
Overall good stuff but disagree with your #2 point. When starting out in most cases should be in close proximity to where you live to allow hands on. Too many things can go wrong for a newbie (or even experienced investor) and the only safe way to stay on top of things is to be present on property thru out the process
Im story one that wants to be story two. I’ll be watching all these videos sold my 40k car now I’m driving a 300$ car.
Very well and simply explained. Due diligence and numbers play a key.
Wish I watched this before my 997 course
you have still option to invest your money and make it increase day by day
Wow this is an incredible narrative
I'm kind of a mix between story one and two.
I like your intro it was like a real story but really intriguing that you almost made it like about thiis random guy really creative
I blew all my money on a degree. Now I'm ready to actually make money on rentals, that I didn't need a degree for.
Lol so many of us
Join the club 😆
Lol that’s college for you
Real estate investing is the way to go to build wealth. Rent it out and generate cash flow. Use the rent payment and cash flow to pay off the mortgage quick, then sell the house. You never ever have to put in your own money at all! Profit $$$ in ten years or less.
Checked out the Biggerpockets website and basically in the fine print you have to pay them after using their stuff five times. Your call though.
Great vid man! I’m starting to do more research, eventually have to make the jump to actually looking at properties
Seek to understand as much as possible about the market:
-where do people like to live?
-where are property prices higher? Where are they lower?
-What are rent prices?
-Crime?
Build up your real estate team
Core Four
-Real Estate Agent to help you find deals
-Lender for best financing
-Property manager advise on best neighborhoods
-Contractor to work on property
Recommendations
Figure out your financing options
Start getting leads
Start analyzing deals
Math overcomes fears, do the math & the math will dictate what makes a good deal
Offer & negotiate
Close and manage
Tell me if my long-term strategy is wrong.. I am saving now as much as I can (reasonably good amount), not taking action and only watching videos and thinking about books to read. By the time I get enough $$, I’ll contact the professionals, the ones who already do and succeed (like you) in this field to help me make good real estate investments.
Gedenir Fiorese . No. Educate yourself, save your money, educate yourself more, take the leap. It's not rocket science. You've just got to trust in your abilities.
When you say contact the professionals who are you talking about?
I would recommend talking to your family members, I didn’t know this about mine, but after a lot of them finished paying off their homes they either sold or rented them out. You probably have the same, also see who has maintenance experience
@@josd1411 thank you for this
I love your videos, your very informative! There very fast paced which can make it hard to write notes but, there information packed! Thank youu!
do we need a beard to be successful at this?
Yes
it is my understanding, the more successful you become, the more beard you will unlock....
Lol
I'm a woman, do I need a beard?
Yes it's mandatory
I used the Dave Ramsey method to get out of dept. My house will be paid off in 3 months and then I will have $3,200 per month in disposable income. Trying to figure out how to get into this without making huge mistakes.
Hello what is the best way to get started with bitcoin investment or Forex trade cos I have been making my personal research for a while now
That is true you need an expert broker an account manager to make good profit from bitcoin trade
I can't believe I was able to have $30000 worth of Bitcoin in just one month and half of trading with expert Mr Nicholas Barron trading services. Come across some nice comments about him on RUclips and I give it a shot. I don't believe in Bitcoin before
I'm also benefiting from Mr Nicholas Barron trading services. I was afraid investing with his platform until I got confused by my friend who link me up with him and since then I've been earning at least $5,400 profit weekly from every $1000 I invested with him
Mr Nicholas Barron is obviously the best broker I invested $3000 with him I made a profit of $20000 on a short-term it was mind-blowing
I lost about $4000 to scammers before I was referred to Mr Nicholas Barron trading service believe me he help me recover the $4000 I lost by the scammer and made me an extra profit of $13000 in the space of one week and three days after trading with our broker
thankyou for the insights
Great video. Question how do you keep buying homes. Loan officer said only option for me is to put down 30k. I don’t have that much each time to purchase. Any advice would be much appreciated
Manu Alexander no way! I buy houses in full for less than 50k and make awesome returns on them. My tenants pay all my bills associated with the properties and we have them paid off inside of 4yrs. Be comfortable with the market(s) you want to buy in. But don’t count out markets simply because they are not near you. I also work with several out of state and out of country investors who need advice/help with finding their properties in my area.
I’ve had this same question. I’m ready to invest but at 20% down for investment loans sucks.
You don’t have to buy in your area, looking for surrounding areas for cheaper. But honestly 30k is pretty reasonable for this
Wow!!! WTF??? Dude, I just got back from Barnes and noble and brought your RENTAL PROPERTY INVESTING book today! Now I’m on the toilet and decided to watch some videos(LOL). I click on the first vid I see, which is this one here......and you say your name! 😧 SO BIZARRE! So dope
Thank you for this video sir. I look forward to getting into real estate and these tips are awesome!! Thanks again.
Sir i have one more option for you if you are interested then let me know