If all I have to my name is $10k , using it to go to seminars when there’s free info on here is insane.. I’m putting it in the stock market (Voo) and letting it grow as I save more money.
Yes. I would not invest money in seminars, conferences, and trainings. I'd invest time in them, however. Also, in my market, investing 10K can be advantageous if you open up your property search to townhouses and condominiums.
I actually got to a point where I can invest in real estate by putting all of my 10k in the stock market when it looked like Trump was about to win. Within a week and a half, I’m getting to where I need to get started officially, all my stocks shot up. 😂
Best way to invest? First answer is give us your money. There was a time when BP condemned "the guru" Now they've become exactly that. We have to go back!
Dave has the best advise. Take the 10K and partner up with someone else (preferably with some experience). I would also make sure both of our skills are different that we bring to the table. For example how I got started is, my cousin had some money but no handyman/contracting skills. I had the skills and not a lot of money. We partnered together 50/50 and made it work!
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million..
YES!!! That's exactly her name (PATRICIA VESELY) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺
What scared me was: the potential issues landlords face when renting property, such as tenants not paying rent and the lengthy eviction process, which can result in court fees. In New York, some tenants stayed rent-free for extended periods and even attempted to claim ownership of the property, changing locks and arguing that their occupancy entitled them to the deed. Potential landlords need to be educated on these risks and how to avoid such problems.
@@riptide-gamesandvlogs9783 in 2021? I would say the market was way worse 6 of these rentals have all came this year. Market has been way better as of late
@@LukesHustle idk just seems like when i was researching around 2020 a lot of the start up costs and capital needed was less, as well as finding good deals now is harder. Im in MN and 350k around minneapolis is common for anything with 3 bedrooms or more
@@LukesHustle quick question too, would you house hack and have money for a slight rehab currently or just focus on finding something where you can create an additional bedroom to rent? just curious where i should allocate. looking to have 30k in capital before i do anything
You stated earlier to work with an investor. How long should you plan out to work with an investor. Whats the proper way to move on from an investor without burning bridges?
No one really talks about equity much but it's probably the most powerful part of real estate. And you can start building it with your primary residence then pull it out to use as a down on your next property.
Absolutely enlightening episode, guys! 🏠💡 The step-by-step breakdown of starting in real estate with a modest $10K is exactly what many of us need. It's easy to get lost in the glamour of big deals, but this brings it down to what's actionable for someone like me. Could you dive deeper into managing capex and maintenance costs effectively on a tight budget? Also, any tips for someone living in a high-cost area but earning an average salary? Love the practical advice and real-world applications!
Grateful for the expertise and ongoing support from Gerald Robert Hayton! Thanks to his guidance, I've been able to make informed decisions and see real growth in my investments. Highly recommend his advice to anyone looking to dive into REITs
A ten thirty one exchange, when you sell a house that is not your primary residence for atleast 2 years you'll owe capital gains tax, but if you put all the profits into another property then you won't owe taxes on that profit. That's called a ten thirty one exchange.
Thank you for this video! Very informative! I’m currently up 10k and I’m definitely saving to house hack! I can’t wait. It have been challenging but I’m focus and determined
I enjoyed this, however I would like to see a 'Getting started' video on a situation that is probably less common. I am going to be retiring from a career and receiving a lifetime annuity. I do not own any real estate and have zero debt. I will have access to about $500k cash from brokerage accounts, and a pre-tax 401k of around $700k. When I retire I will be in my mid to late 50's. One straight forward way forward would be to throw all the money at dividend stocks/funds (withdraw the 401k slowly for tax purposes) and combined with my annuity (and eventually social security) just rent and live off those three income sources. That doesn't grow and create generational wealth so I'm not a fan of that. I want some real estate but don't have a strategy of how to use the $500k and what to do with the pre-tax 401k. I'd like to think I am in a position where I don't have to take on risk, and I don't want C properties.
What do you guys know about crashpads? Could you do an episode talking about that and if it’s worth it. Being in the airline industry it just seems to make sense and smart to do.
How would you buy a house every year if you would still have the mortgage debt from the previous year? Wouldn't your DTI be too high to qualify for another conventional loan?
Well the starting of the podcast David was outdated on rents. There is no place in California having 1500 or payments this price rent is really outdated here in California or even in Arizona 😅 !!!????
If I own my property through inheritance and can save 20,000 to $25,000 in about 2 years they pursue an FHA route 3.5% down. Would it be a good idea to possibly get a key lock for my current property to fix up and help out with the equity I currently have on it?
What’s your advice for someone who has 10k in savings but plan to use first time homebuyers assistance so basically I’d be putting nothing down to purchase a home. I’m stuck between single family and multi family. With interest rates it’s hard to find a multi family with a mortgage that has decent rents to off balance the mortgage. I thought about buying a single family with a lower mortgage and build enough equity in the home so I can pull it out and use the money as a down payment on a multi family. Do you think this is a good idea?
I’d buy a house with a $0 USDA loan and house hack it to reduce my housing expense. Then with the savings on my housing expense and the $10,000 I’d buy another house in 1.5 years
My 17 yr old son, a senior in high school, has already made over 10k doing side hustles. His money is in the stock market now. In a couple of years once he understands the market his college is in, his plan is to buy a multiplex and house hack.
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
Guys, could someone tell my how to find such experienced real estate investor and be sure he is the person you can be safe of making business with him, he isn't a scammer?
29:08 sneaky rental question: are you doing all the managing yourself even after you have 10 houses in ten years, all of which are being rented by the room? I’m guessing you’re not simultaneously trying to hold down a 9-5 full time job at this point, right? Sounds a lot like what Todd Baldwin has done in the Seattle area. This can work well in dense metropolitan areas, especially those with lots of younger well-paid high-tech workers.
That plug in the beginning was annoying, it doesn't change an impossible market like Connecticut. I'd love to see guys try this format in the hardest markets, aka not emerging markets, swimming against the rapids and around obstacles.
@@amh31 can't move when your hands are your money makers at your W-2 and nowhere else in the country pays like your company does for your line of work.
@@amh31 So what is your strategic plan to overcome other buyers coming in with all cash, over bidding by 10-20%, and them not inspecting the house. While being in a market that is low inventory and low supply?
@4thGen4runner__ Move... If you ABSOLUTELY refuse to move then buy cross country in an affordable market like they're saying to do. But you're making it significantly more difficult on yourself that way. Because you're all but eliminating the ability to house hack and borrow with an FHA loan.
13:18 🤣 bro what kind of advice is this? How the hell would you find a situation where you and a roommate live in a 2 bedroom apartment and your roommate agrees to pay for almost all of the rent? Maybe if you’re a hot chick with a sugar daddy lol, or if you lie to them about the rent and they’re just gullible and stupid.
There are literally thousands of people who have done this successfully! You can find them all on BiggerPockets. Go check out the forums and you'll see tons of examples.
Great stuff I’ve been listening to you guys for a few months now, and I am eager to get started in real estate investing. What do you guys think about using a turnkey real estate investing company to start investing in real estate?
Seriously lol can barely buy groceries. Cant fathom spending my only 10k on a conference where i will hear the same stuff i hear for free here on youtube. Idk id expect to hear put it in a cd account or and s&p500 etf to gain some interest
Hello guys, thank you for all the information. They described my personal situation. I'm going to follow his advice. I'm working as a property manager and I got the real estate license. I hope to continue learning with you.
While I don't necessarily think it's worthless to take your 10k and investing in education, if you do that now you have zero dollars to invest in real estate.
That's what I was thinking. I'm not interested in taking $10k and put into education. Maybe some of it but the rest would be in a side hustle to add to that bottom dollar
This is fair. But it’s also not really what I was saying. Everything I was specifically talking about would be less than $1000. 1) BP Pro - Super low-cost 2) Conferences - Most conference tickets are $200-$1000. It would climb up a bit with plane tickets + hotels. But you can find plenty in your area. 3) Meet-ups - Free!
This sounds unrealistic. In this environment no seller will take an offer with 5% down. So that 10 houses in 10 years do not work at all. Also closing costs are so high, none talks about that. If you make 60k in NY with 10k in the bank, get a better job not think about getting a house as you can’t get a garage for that. Just my thought.
Why10k .. get your real estate license for 1-2k and go from here.. the real estate investment is not an easy game. You need a lot of money. 100k at least. If you don’t want to go in debt. Rental property is NOT the path anymore.. America is not the same anymore! Land, parking, car wash, and more ..
@@LoganRS 35k for me, where I live, pays one 3 bedroom house payment and utilities and food for 2 people. I am househacking by renting the basement to my nephew and soon my brother will be each paying $300 a month as well. Even with house hacking and doordash I barely made $43k last year and am doing fine. But that's one house. I was saying I'm fine with one house making $35k a year but to get another I would need $60 for some of us watching this are left out automatically.
@@LoganRS I don't know where you live, but where I live it is doing well enough for one house and a car payment. I am 55 years old and have nobody to impress. I'm interested in real estate and other subjects as well. The only thing you and I have in common is that neither of us has a youtube following worth talking about.
@@georgetomlin7599 super random to throw in things we have in common, but while we’re at it, I’m also interested in real estate, about to own my first piece of real estate this year 👍
The first guys advice is quite possibly the worst financial advice to ever come out anyone's mouth not only on RUclips but in the entire world of financial planning/advising.
How about this as a possible path. 1 get rid of the car and buy a reliable car for cash. 2 max out your 401k at your job because it probably matches a % of your contribution. You can also borrow from your 401k and can be used for reserves on a DSCR loan. A loan from a 401k also does not report to the credit agencies so it will not affect your DTI. 3 I would get a side hustle like Uber, courier work, part time job, or just look for a new job that pays more. 4 I would buy a duplex and rent the other side. And 5 get rid of the partner that is not helping you at all in your life!!!!!!!!!
No one's buying the 300k house. These people can buy 200k houses. Mine was 220. And it was 7k down and I was in the house. It's went up 50k. So ya. This is shit advice to say 10k is nothing.
If all I have to my name is $10k , using it to go to seminars when there’s free info on here is insane.. I’m putting it in the stock market (Voo) and letting it grow as I save more money.
Yes. I would not invest money in seminars, conferences, and trainings. I'd invest time in them, however.
Also, in my market, investing 10K can be advantageous if you open up your property search to townhouses and condominiums.
I actually got to a point where I can invest in real estate by putting all of my 10k in the stock market when it looked like Trump was about to win. Within a week and a half, I’m getting to where I need to get started officially, all my stocks shot up. 😂
Best way to invest? First answer is give us your money.
There was a time when BP condemned "the guru"
Now they've become exactly that.
We have to go back!
I would love to meet someone with a $750 rent, no debt, $400 car payment and a town that’s emerging starting with a $300,000 median 😂
Me truck driver in FL 800 rent though car payment is $440
I meet all those criteria. But my numbers are way better 😉
U need to get out more
550 rent, 0 car payment, bought cash for 3k.
400 dollar car payment ain't that crazy just get a used car and 750 rent ain't crazy just get a roommate ect ect
Dave has the best advise. Take the 10K and partner up with someone else (preferably with some experience). I would also make sure both of our skills are different that we bring to the table. For example how I got started is, my cousin had some money but no handyman/contracting skills. I had the skills and not a lot of money. We partnered together 50/50 and made it work!
So 3:20 in and the first suggestion of what to do with $10,000 is give it to Bigger Pockets....lol
I caught that
they should be ashamed
👍totally
Making you smaller pockets. Thats why they are called bigger pockets.
This whole video was an advertisement for them. They added a few fun facts and fluff
How to invest with $10k. Save more $ & have more than $10k. Great. Lol
Take that $10k and buy a piece of land. Rent it for camp site…tiny house park(maybe 3/4 tenants) that’ll get you some passive income.
I've been thinking about getting into real estate investing, but it seems like you need a ton of money to get started.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million..
What stocks were you investing in?
Thanks to Patricia V Vesely.
She's a licensed broker here in the states
YES!!! That's exactly her name (PATRICIA VESELY) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
@0:43 “pretty stringent criteria.”
Bro, that’s my life you’re talking about. 😂
For real dude!
I will never invest $10k to education alone
Never put a price on education. You are the most valuable investment.
PLEASE keep this kind of stuff up!
This is the episode i've been looking for!!!
That is not a majority of the population of the US. The scenario needs to be a little closer to the reality of what's going on in our economy
The reality of our economy is already changing after the election
What scared me was: the potential issues landlords face when renting property, such as tenants not paying rent and the lengthy eviction process, which can result in court fees. In New York, some tenants stayed rent-free for extended periods and even attempted to claim ownership of the property, changing locks and arguing that their occupancy entitled them to the deed.
Potential landlords need to be educated on these risks and how to avoid such problems.
Do you think is better to get a mentor to start investing? And, how much does it cost?
Podcaster: "Do the boring thing. Eat that 🥦 first."
Me: I'm a vegetarian.
Really insightful information!
Don’t listen to this nonsense. At 20 years old now 23 I took 10k and turned it into 8 rentals at 23
market was way different
@@riptide-gamesandvlogs9783 in 2021? I would say the market was way worse 6 of these rentals have all came this year. Market has been way better as of late
@@LukesHustle idk just seems like when i was researching around 2020 a lot of the start up costs and capital needed was less, as well as finding good deals now is harder. Im in MN and 350k around minneapolis is common for anything with 3 bedrooms or more
@@LukesHustle quick question too, would you house hack and have money for a slight rehab currently or just focus on finding something where you can create an additional bedroom to rent? just curious where i should allocate. looking to have 30k in capital before i do anything
First advice they give, Spend money on our course 😂
Yea the sneaky rental was what ima do lol. Ima make that persons hear and pay their utilities
You stated earlier to work with an investor. How long should you plan out to work with an investor. Whats the proper way to move on from an investor without burning bridges?
No one really talks about equity much but it's probably the most powerful part of real estate. And you can start building it with your primary residence then pull it out to use as a down on your next property.
Absolutely enlightening episode, guys! 🏠💡 The step-by-step breakdown of starting in real estate with a modest $10K is exactly what many of us need. It's easy to get lost in the glamour of big deals, but this brings it down to what's actionable for someone like me. Could you dive deeper into managing capex and maintenance costs effectively on a tight budget? Also, any tips for someone living in a high-cost area but earning an average salary? Love the practical advice and real-world applications!
Grateful for the expertise and ongoing support from Gerald Robert Hayton! Thanks to his guidance, I've been able to make informed decisions and see real growth in my investments. Highly recommend his advice to anyone looking to dive into REITs
What does David mean by "ten thirty one"?
A ten thirty one exchange, when you sell a house that is not your primary residence for atleast 2 years you'll owe capital gains tax, but if you put all the profits into another property then you won't owe taxes on that profit. That's called a ten thirty one exchange.
Thank you for this video! Very informative! I’m currently up 10k and I’m definitely saving to house hack! I can’t wait. It have been challenging but I’m focus and determined
I enjoyed this, however I would like to see a 'Getting started' video on a situation that is probably less common. I am going to be retiring from a career and receiving a lifetime annuity. I do not own any real estate and have zero debt. I will have access to about $500k cash from brokerage accounts, and a pre-tax 401k of around $700k. When I retire I will be in my mid to late 50's.
One straight forward way forward would be to throw all the money at dividend stocks/funds (withdraw the 401k slowly for tax purposes) and combined with my annuity (and eventually social security) just rent and live off those three income sources.
That doesn't grow and create generational wealth so I'm not a fan of that. I want some real estate but don't have a strategy of how to use the $500k and what to do with the pre-tax 401k. I'd like to think I am in a position where I don't have to take on risk, and I don't want C properties.
I'm a realtor and have 11 rentals listed already with tenants in them. Just need a buyer
@@StreetSouljaz1 where are they?
@@hmj8469 in Brownsville Kentucky
What do you guys know about crashpads? Could you do an episode talking about that and if it’s worth it. Being in the airline industry it just seems to make sense and smart to do.
Ok so take the 10k invest it in a coach now I'm at 0 with basic knowledge that I could have got from RUclips or books ...okay thanks !
Love this episode, good job your
Very highly informative episode. Appreciate you.
What an amazing video guys!!
How would you buy a house every year if you would still have the mortgage debt from the previous year? Wouldn't your DTI be too high to qualify for another conventional loan?
Refi. First fix, improve the property, then refi.
@RenatoChisholm so cash out refi for the down payment for the next property and to fix it up?
Well the starting of the podcast David was outdated on rents. There is no place in California having 1500 or payments this price rent is really outdated here in California or even in Arizona 😅 !!!????
If I own my property through inheritance and can save 20,000 to $25,000 in about 2 years they pursue an FHA route 3.5% down. Would it be a good idea to possibly get a key lock for my current property to fix up and help out with the equity I currently have on it?
For the FHA route the property value Is about 400,000 I'm looking at. All in theory
house hack. change the name of this RUclips channel to house hack.
Agreed. Kinda like Dave Ramsey channel, you know how it's going to end...no debt...but here it's house hack 😂
Name still works. You get bigger pockets from house hacking lol.
Better than every episode being about short term rentals & air BNB.
Lol
😂😂
What’s your advice for someone who has 10k in savings but plan to use first time homebuyers assistance so basically I’d be putting nothing down to purchase a home.
I’m stuck between single family and multi family. With interest rates it’s hard to find a multi family with a mortgage that has decent rents to off balance the mortgage.
I thought about buying a single family with a lower mortgage and build enough equity in the home so I can pull it out and use the money as a down payment on a multi family.
Do you think this is a good idea?
@biggerpockets
This is exactly where I’m at also. Which route did you end up taking?
I’d buy a house with a $0 USDA loan and house hack it to reduce my housing expense. Then with the savings on my housing expense and the $10,000 I’d buy another house in 1.5 years
My 17 yr old son, a senior in high school, has already made over 10k doing side hustles. His money is in the stock market now. In a couple of years once he understands the market his college is in, his plan is to buy a multiplex and house hack.
Nice! It's good that he's thinking ahead. I hope he finds success!
@@stedmonsweeney2717 thanks!
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
Everything is possible, it all depends on your consistency and discipline.
How do you meet DTI ratio to qualify for a new home every year, if you already have several other properties with loans on them?
Get a DSCR loan
You can use 75% of rental income to qualify
Guys, could someone tell my how to find such experienced real estate investor and be sure he is the person you can be safe of making business with him, he isn't a scammer?
29:08 sneaky rental question: are you doing all the managing yourself even after you have 10 houses in ten years, all of which are being rented by the room? I’m guessing you’re not simultaneously trying to hold down a 9-5 full time job at this point, right? Sounds a lot like what Todd Baldwin has done in the Seattle area. This can work well in dense metropolitan areas, especially those with lots of younger well-paid high-tech workers.
The average salary isn't enought to even pay rent 😅
That plug in the beginning was annoying, it doesn't change an impossible market like Connecticut. I'd love to see guys try this format in the hardest markets, aka not emerging markets, swimming against the rapids and around obstacles.
They'd probably do the responsible intelligent thing. Move.
@@amh31 can't move when your hands are your money makers at your W-2 and nowhere else in the country pays like your company does for your line of work.
@4thGen4runner__ Yes you can. That's not a real obstacle it's a made up one.
@@amh31 So what is your strategic plan to overcome other buyers coming in with all cash, over bidding by 10-20%, and them not inspecting the house. While being in a market that is low inventory and low supply?
@4thGen4runner__ Move... If you ABSOLUTELY refuse to move then buy cross country in an affordable market like they're saying to do. But you're making it significantly more difficult on yourself that way. Because you're all but eliminating the ability to house hack and borrow with an FHA loan.
13:18 🤣 bro what kind of advice is this? How the hell would you find a situation where you and a roommate live in a 2 bedroom apartment and your roommate agrees to pay for almost all of the rent? Maybe if you’re a hot chick with a sugar daddy lol, or if you lie to them about the rent and they’re just gullible and stupid.
There are literally thousands of people who have done this successfully! You can find them all on BiggerPockets. Go check out the forums and you'll see tons of examples.
Great stuff I’ve been listening to you guys for a few months now, and I am eager to get started in real estate investing.
What do you guys think about using a turnkey real estate investing company to start investing in real estate?
Conference selling. I remember when Brandon abhorred those scammers
Seriously lol can barely buy groceries. Cant fathom spending my only 10k on a conference where i will hear the same stuff i hear for free here on youtube. Idk id expect to hear put it in a cd account or and s&p500 etf to gain some interest
Where can you buy a 5-6 bedroom house for 300k? Serious question
You can find some in Texas no main cities but 20-30 min drive
Detroit
Arkansas
Love it!
Hello guys, thank you for all the information. They described my personal situation. I'm going to follow his advice. I'm working as a property manager and I got the real estate license. I hope to continue learning with you.
Good stuff. Keep grinding
How long have you been licensed
6 months
Is there any value using that 10k in REITs vs traditional realestate in today's market?
Only if you want to make $400 per year
Only if you want to make $400 per year
Use that 10k down on a FHA and live out of it. Step 1
While I don't necessarily think it's worthless to take your 10k and investing in education, if you do that now you have zero dollars to invest in real estate.
That's what I was thinking. I'm not interested in taking $10k and put into education. Maybe some of it but the rest would be in a side hustle to add to that bottom dollar
This is fair. But it’s also not really what I was saying. Everything I was specifically talking about would be less than $1000.
1) BP Pro - Super low-cost
2) Conferences - Most conference tickets are $200-$1000. It would climb up a bit with plane tickets + hotels. But you can find plenty in your area.
3) Meet-ups - Free!
21 years old and have 40k for down payment, we good? Or wait
Why put down 40 when you could do an fha Or just just half of that, no need to overspend
What was the point of this video?
How to invest in real estate with $10,000…..don’t.
How does one get 3% Down mortgage ? Is there PMI involved ? Most banks require me to pay Atleast 20% down
At the same time they mentioned 3%, they said the PMI goes away once you get up to 8% equity.
I too would like to know where these 3% down loans are.
80% equity
This sounds unrealistic. In this environment no seller will take an offer with 5% down. So that 10 houses in 10 years do not work at all.
Also closing costs are so high, none talks about that.
If you make 60k in NY with 10k in the bank, get a better job not think about getting a house as you can’t get a garage for that.
Just my thought.
Yep I think this stuff only works at 100K+ range!!
300k , were in the hell are you guys shopping @ .
I just looked at a deal 75k
Rehab costs 15k
Appraisal 125k
Avg rent $1200
What market was this? I am considering out of state investing.
This is eerily similar to my situation.
Cant work extra shifts with the senerio you set out... 😅
Dave, there’s 3% conventional?
My client got 5% conventional about 6 months ago in VA. I believe credit and income have to be a little higher than normal.
1st tip....spend your 10k with us!!
Gtfoh
Why10k .. get your real estate license for 1-2k and go from here.. the real estate investment is not an easy game. You need a lot of money. 100k at least. If you don’t want to go in debt.
Rental property is NOT the path anymore.. America is not the same anymore! Land, parking, car wash, and more ..
Short answer: get a better job and make more money to invest.
What if your doing well making $35k a year? If I made $60k a year I could have an extra house and 2 financed as well....
I don’t think 35k y/r is necessarily doing “well”.. unless you live with your parents and have no bills
@@LoganRS 35k for me, where I live, pays one 3 bedroom house payment and utilities and food for 2 people. I am househacking by renting the basement to my nephew and soon my brother will be each paying $300 a month as well. Even with house hacking and doordash I barely made $43k last year and am doing fine. But that's one house. I was saying I'm fine with one house making $35k a year but to get another I would need $60 for some of us watching this are left out automatically.
@@LoganRS I don't know where you live, but where I live it is doing well enough for one house and a car payment. I am 55 years old and have nobody to impress. I'm interested in real estate and other subjects as well. The only thing you and I have in common is that neither of us has a youtube following worth talking about.
@@georgetomlin7599 super random to throw in things we have in common, but while we’re at it, I’m also interested in real estate, about to own my first piece of real estate this year 👍
First 10 minutes is how you can’t do it with 10k. Change the title..
The first guys advice is quite possibly the worst financial advice to ever come out anyone's mouth not only on RUclips but in the entire world of financial planning/advising.
I can start w 10K ? Where? I wish
How about this as a possible path. 1 get rid of the car and buy a reliable car for cash. 2 max out your 401k at your job because it probably matches a % of your contribution. You can also borrow from your 401k and can be used for reserves on a DSCR loan. A loan from a 401k also does not report to the credit agencies so it will not affect your DTI. 3 I would get a side hustle like Uber, courier work, part time job, or just look for a new job that pays more. 4 I would buy a duplex and rent the other side. And 5 get rid of the partner that is not helping you at all in your life!!!!!!!!!
Wow!
No one's buying the 300k house. These people can buy 200k houses. Mine was 220. And it was 7k down and I was in the house. It's went up 50k. So ya. This is shit advice to say 10k is nothing.
200k but I can’t find a good property in Connecticut. People are paying up to 100k over asking price
LOL... yeah use 10k to blow on seminars. sure.
Don't spend 10k on that cmon
Dave Ramsey is much better
If i can suggest, stop filling people's hearts will false hope
Rent a room in the apartment where you are renting just sounds like you will get evicted subleasing.
Dave house hack greene
Rent by the room is terrible