Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Well, in my opinion, If you invested it right now (during the market’s downturn) you’d be buying at a low price which is highly recommended by my fa and based on past performances in the market in 2030 with the right coach you should have four and a half million in your portfolio sitting pretty.
how can I get your advisor please, if you don't mind me asking? They seem to play a crucial role in these and I could really use some help as of now. I just sold a property
Melissa Elise Robinson’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
@@noahgsolomon no, this guy is giving out the worst advice I’ve ever heard. Notice how he starts by standing in front of a Rolls Royce? He’s trying to add credibility where there is none.
I will say buying a super nice house is a mistake if you plan to rent it, not only because it’s expensive but because upper class people don’t rent… not saying buy a cheap cheap house to rent, but something in a low-middle class area (people making 30-50k per employed member) would be the ideal property because people with that income are more likely to want to rent.
Facts. You can find renters for those expensive houses and they can sometimes stay awhile, but when they move out, it’s empty for a longer time. The only way these really work is if you have several lower rental houses that can cover the mortgage when it’s vacant. But even then, why bother?
@@IL_Bgentyl oh yeah I just drove past a neighborhood of what could be almost townhouses in a rich neighborhood going for about 3 mil per, no “rent” signs anywhere tbh. This mainly applies for families not couples.
People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts, I look towards the stock market to fuel my FIRE goal at this point.
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial planner can certainly help
@maria_casey real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed.. who is the professional guiding you if you dont mind me asking please?
I always think of how grateful I am that I brought my house literally before everything shut down during the pandemic in 2020. I settled with my realtor on a FaceTime presentation 😅. My rate is a little over 3%, it was HELL, but I’m still glad I did it when I did.
So in other words, buy in low income areas where you can raise the rent as high as you like and don’t have to keep the maintenance up and also not have to worry about pushback and wait for gentrification so you can sell high and displace people also with little pushback.
Low income areas are the worst investments in my neck of the woods (Cleveland Area). Those houses have negative returns and are constantly being demolished - rents are 400-800 a month.
@@oa8463 low income is the hardest to manage... Highest eviction rate, most theft/destruction, appliance/copper vandals, higher vacancy, tradesmen are afraid of getting tools stolen...
@@ericdouglas9380 Real estate goes up and down. However over the long run real property appreciates in value. Loses aren’t realized until you sell the asset. Some individuals purchase fine art to protect their wealth. Some purchase real estate. Some of that real estate is sitting empty. There’s no cash flow at all. If someone purchased a brown stone in New York 30 years ago for $100k-$200k it might be worth $2 million now. Even if they allowed their child to live in it rent free, it acted as a store of wealth.
Where I live, the price of a house is so high compared to rent. Average rent in my area is 2500, but average monthly payment in area is 6000 per month (includes mortgage, insurance, & taxes). That does not even include the fees like hoa (homeowners association) fees, property management fees, and maintenance fees. Don’t forget the utilities as well. In order for a property to cash flow in my area, you would need 80% down payment.
And at that point wouldn’t that be a capital issue for most people? Then they say to use a hard loan lender for cases like this…trying to understand it all 😅
Yep, even investors are getting crushed by private equity firms now. They're eating everybody's lunch and making it harder for people to afford living.
Stop listening to people marketing in front of rolls Royce’s. If they can get you to believe the flashy stuff came from their knowledge you’ll buy anything they sale. Just find someone DOING what you want to do in your outer ⭕️. They exist you just don’t communicate enough.
The last house that he showed remind me of my brother's house in Washington last year he wanted to put it up for sale but it was really thrash and I drove 36 hours to get up there and remodel 2 bathrooms and garage door and other items in 2 weeks while working my other job via the phone. Although the house originally was originally thrashed with a little bit that I'd done maybe $3,000 worth of material investment for him the house sold for an extra $70,000
@@MambaRooskiigreat…The 2008 housing collapse was caused by unlimited loans to poor people. Banks don’t give loans to people who can’t pay them back, and that just happens to include the majority of Black Americans, so what happens when you FORCE banks to give endless loans to everyone? Housing collapse and economic recession.
Get a USDA, FHA, or some other beneficial program. Talk price as low as you can, get the appraisal. Then tell them you want to use the equity to roll over and cover closing. Only money down needed is $1000 or so for earnest and for the appraisal or inspection.
I've learned when an advice video has an expensive object(rolls royce) its usally filled with bullshit then a sale attempt at the end to take their course
Seems you spew back what you learned in college from your Marxist professors. 😅 educate yourself before complaining about America. You are welcome to go to my country for human rights🤘🏽😬
600-1200sqft single family are the best deals you can land. You're showing houses that no one should rent out regardless of neighborhood... it's stupidity
Right, let’s not mess with the rich. Instead! Let’s prey on the poor. Let’s buy all the cheap houses so they never own one, and let’s profit off of them!! 👏 👏 👏
People should be starting with small apartments, build some equity, and then use that equity to buy a house further down the line. That's all. Ignore what this fellow is saying unless you already have a lot of money.
i invest in 2 bedroom apartments - less maintenance issues, easy to rent out, and no big families with lots of kids or pets to trash like they would a big house
Uh, actually, that means renovating the property won't make it more valuable when the bank appraises it. On the other hand, rent is determined by what the market is willing to pay for it.
Invest in apartment buildings and leave home ownership to those who will actually live in them. Real estate investors are why housing prices are so ridiculous.
@@drl5002 all truths are but half truths. Multi millionaire and Billionaire investors are inflating prices. They can afford to have overpriced rentals with high unoccupancy rates. I am an "investor" with a couple rentals and not trying to get 3k for a 3 bed house. Last house i bought was on the market a very long time and nobody wanted it so i got it for very little. Do you think its farmers who are causing high food prices?
if u are highly analytical, precise and logical......you shouldn't be a landlord as i found out........ You gotta be a people person first and a flexible tough guy with some DIY skills.
This is partially false While you do save money buying in a lower end neighborhood what also comes with it is a lot of lower income residents who let’s all guess?? Don’t have cash flow… these houses are usually never updated or have small tasteful updates throughout with mainly untouched big areas such as the stairs, bathrooms, kitchen etc While you will have a slightly better chance selling this, (not always true) you will still have to sink hundreds of thousands into updating it over the course of several years Don’t listen to this rolls Royce bum he’s speaking relative to a small marked nationwide people will also draw to nicer and safer neighborhoods especially families with kids
Little garden my horses my truck my cat my fishing hole. No noise. Clean no violence no crime. What's that cost ? Exactly. Im not in with money hungry narcs.
I bought my 5 bed room house 2 story and rent out the room to my classmate and student. It is one of the best way to invest. Now, I am selling it for more then what I bought it at.
Lol dude nice properties that are expensive to rent. Typically have professionals and large families living in them. Those people pay their bills on time. Good luck at the bottom of the barrel.
It’s about vacancy times. At the lower end of the spectrum when someone moves out, there is plenty of people that can afford $500- $1200 rents to just right in and it’s only vacant for about 2 weeks. The higher the rent, the smaller the available pool goes. I know there are some properties in my area that have a $8000 a month rent. It’s great but it was also vacant for almost 2 years. The mortgage on the property is still due during that 2 years. So for 24 months, the owner paid $7,000 a month for mortgage and had no income. Yes the tenants are better, but they have to stay significantly longer for the owner to even break even. Then larger houses have larger roofs to replace, more bathrooms that need maintenance, more a/c maintenance. Costs go up significantly.
1. How & where do I find the building to buy to put a % down on?? 🤔 2. I also want to own a 20 story apartment building and I know it’s gonna cost somewhere between 29.6M - 80.25M. 3. My first investment will be a high profitable card laundromat business. that’s going to give me my financial freedom, so I can hopefully retire in my late 20s. I also want a big solar form.
Isn’t an expensive property good when you use it for short term rentals? For instance if I bought a 875k dollar lake house near where I live and I rent it out 400-450 a night (this is an accurate range for that area) and rent it out, let’s say 200 nights a year, I would make 80k-90k a year before expenses. That sounds like a great investment.
I think anyone house today, at its price, taxe and insurance is not worth buying. Cheaper to buy a piece of land and a Camper and make it self sufficient. At least till things calm the fook down in America. Let the Real Estate Market Starve as well as the Banks, Buyers have the power and they must use it to their advantage.
So if you can’t add onto the house, it’s not a good property. I was gonna buy one if it’s out of my hands but I didn’t have that much room around it and a person had already added onto. It was made it hard to get financing but I just wanna be clear you’re saying that if you can’t add onto the property is not a good investment.
These real estate scammers are the only spooler of investment because they have left so many without a penny, I was lucky to have registered a complaint with the internet crime complaints center IC3 and they help arrested the scammers returned my money
Real estate is one of the slowest investments. Many people don’t realize this. It’s a safe investment for sure , assuming that the house will grow in value over time and eventually become free for you but it’s still one of the slowest investment. I’d only buy real estate after I 10x my money investing into other things , and then maybe shell out for a property. On average it will take more than 60 years to 10x a real estate investment if your lucky and don’t face too many recessions in that time which bring the housing prices down.
That's why you buy land with no hoa fees. Sooner or later someone will offer you more than what you paid for it. Even if u don't get money out of it, u own equity and freedom of the land.
I bought several nice homes for profit and did great over the years. Personally I focus only on premium properties. I earned so much equity from two of those homes that I was able to purchase my personal home in cash several years later. I wouldn’t of been able to do that had I owned some crappy houses is shitty neighborhood’s. Don’t believe everything on the internet ladies and gents
Maybe. I'm a landlord and the county raises my taxes every year, my insurance company raises my rate every year and the cost of maintenance and repairs keep going up. Am I supposed to not raise rent and keep making less money every year so my tenant can save more money? What is happening is called inflation. When expenses go up, rent goes up. When the government printed money and sent trillions of dollars into the economy it caused the price of everything to go up. The more dollars circulating in the economy makes the value of the dollar go down. It takes more dollars to buy anything.
And then I’m going to buy google, apple and Tesla. And hopefully every other company. You have to actually invest your money, I guess nobody knows what that actually means. Invest + ambition = the world
You can definitely add more value to that property by building up you don't have to build more on the current land if you add another story the property value would go up if you do the landscaping that would add at least another 10 to 15% onto the property value as well theres other things you can do
Which is exactly why I am going to buy you out! It’s major mass portfolio something they don’t twach in schools, by 2040 I want to have 50 million rental properties. They teach in real estate income limitless.
Some of you guys have no idea about buying property and renting it out. Some of the comments explain a lot about how you invest or even save your money.
Imagine saving up buying a house you’re sitting on your porch and a guy comes and says this house is shit
😂😂😂
In a white Roll Royce at that. Lol
@@thatguy9141 I thought you were talking about Grant Cardone at first because I just watched his ad for his course and he has one too 😂
Hahaha, I never even thought of it like that 😂
Real talk fam. Lol u made my day
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
While i admire long term investors, I really don't know what to expect. For instance, if i invest 500k what would my portfolio look like in 2030?
Well, in my opinion, If you invested it right now (during the market’s downturn) you’d be buying at a low price which is highly recommended by my fa and based on past performances in the market in 2030 with the right coach you should have four and a half million in your portfolio sitting pretty.
how can I get your advisor please, if you don't mind me asking? They seem to play a crucial role in these and I could really use some help as of now. I just sold a property
Melissa Elise Robinson’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
i want to invest
I just looked up your coach and she seems very rich. Need to change the trajectory of my finances, will definitely work with her
Tip: To buy a house, you should have done that in 2008 when you were 8 years old.
😭 this seems to be the only answer, there's so much conflicting advice nowadays
I was 2 years old sitting on my ass, could have been in the caribbean living the life
Y u no listen. Lazy kids these days. Back in 1970 we worked
Right 😂
true T_T should just invent time travel and I could be set for life with just minimum work, why didn't my parents buy more stuff when they were cheap
He sounds like my drunk uncle
Be respectful bro
@@noahgsolomon no, this guy is giving out the worst advice I’ve ever heard. Notice how he starts by standing in front of a Rolls Royce? He’s trying to add credibility where there is none.
True hahah
You got L parents who let you be around him
We all love our drunk uncle
I will say buying a super nice house is a mistake if you plan to rent it, not only because it’s expensive but because upper class people don’t rent… not saying buy a cheap cheap house to rent, but something in a low-middle class area (people making 30-50k per employed member) would be the ideal property because people with that income are more likely to want to rent.
Facts. You can find renters for those expensive houses and they can sometimes stay awhile, but when they move out, it’s empty for a longer time.
The only way these really work is if you have several lower rental houses that can cover the mortgage when it’s vacant. But even then, why bother?
@@successfulusername I would imagine high end houses make better returns as Airbnb and/or accessories for shoots of some kind.
@@9snaga that’s probably true, but Airbnb is much more dependent on location.
What do you mean upper class/rich people rent all the time 😂
@@IL_Bgentyl oh yeah I just drove past a neighborhood of what could be almost townhouses in a rich neighborhood going for about 3 mil per, no “rent” signs anywhere tbh. This mainly applies for families not couples.
People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts, I look towards the stock market to fuel my FIRE goal at this point.
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial planner can certainly help
@maria_casey real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed.. who is the professional guiding you if you dont mind me asking please?
I always think of how grateful I am that I brought my house literally before everything shut down during the pandemic in 2020. I settled with my realtor on a FaceTime presentation 😅. My rate is a little over 3%, it was HELL, but I’m still glad I did it when I did.
@@JamesWillockour niobk o😊 kì. 😅j no I n ioookn jnit k
So in other words, buy in low income areas where you can raise the rent as high as you like and don’t have to keep the maintenance up and also not have to worry about pushback and wait for gentrification so you can sell high and displace people also with little pushback.
Low income areas are the worst investments in my neck of the woods (Cleveland Area). Those houses have negative returns and are constantly being demolished - rents are 400-800 a month.
@@Aaron_R low income not under the poverty line .
@@oa8463 low income is the hardest to manage... Highest eviction rate, most theft/destruction, appliance/copper vandals, higher vacancy, tradesmen are afraid of getting tools stolen...
What is wrong with that?
Next you’ll tell me, “It’s immoral to sell a hamburger for more than the cost of production.”…..
@@Americansikkuntyou’re crowing out people from becoming homeowners, with your demand for investment taking priority over their demand for housing
Everyone’s priority isn’t cash flow. Some people are using real estate for the appreciation, or wealth protection.
Some people are living in their homes and tired of prices exploding from investors flipping homes to rentals.
@@watamatafoyuwaaaaahhhh😢😢😢 😂😂😂😂😮
Not prioritizing cash flow means you'll over leverage yourself and be left holding the bag if a crash comes in the future
@@ericdouglas9380 Real estate goes up and down. However over the long run real property appreciates in value. Loses aren’t realized until you sell the asset. Some individuals purchase fine art to protect their wealth. Some purchase real estate. Some of that real estate is sitting empty. There’s no cash flow at all.
If someone purchased a brown stone in New York 30 years ago for $100k-$200k it might be worth $2 million now. Even if they allowed their child to live in it rent free, it acted as a store of wealth.
…you from China?? Tsk tsk tsk.
Where I live, the price of a house is so high compared to rent. Average rent in my area is 2500, but average monthly payment in area is 6000 per month (includes mortgage, insurance, & taxes). That does not even include the fees like hoa (homeowners association) fees, property management fees, and maintenance fees. Don’t forget the utilities as well. In order for a property to cash flow in my area, you would need 80% down payment.
And at that point wouldn’t that be a capital issue for most people? Then they say to use a hard loan lender for cases like this…trying to understand it all 😅
Yep, even investors are getting crushed by private equity firms now. They're eating everybody's lunch and making it harder for people to afford living.
Exactly. This right here is happening everywhere.
Stop listening to people marketing in front of rolls Royce’s. If they can get you to believe the flashy stuff came from their knowledge you’ll buy anything they sale. Just find someone DOING what you want to do in your outer ⭕️. They exist you just don’t communicate enough.
Facts
So you’re not disagreeing with what he’s saying you’re just mad he has a flashy car🤦🏿♂️…
Hes wanting you to buy his shithole 😂
Facts
I think he does do a lot though
The last house that he showed remind me of my brother's house in Washington last year he wanted to put it up for sale but it was really thrash and I drove 36 hours to get up there and remodel 2 bathrooms and garage door and other items in 2 weeks while working my other job via the phone.
Although the house originally was originally thrashed with a little bit that I'd done maybe $3,000 worth of material investment for him the house sold for an extra $70,000
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Hey! Why are you in front of my house? 😭
He wants to buy it for an investment property
@@driftx2 lol it was a joke
@@Ivaneatsdallas hey can I use your shower I promise I’m not a two time convicted thief ?
@@Ivaneatsdallas r/doublewoooosh
I have to stop scrolling 😂
I’ll wait till the guy at mc donald’s gives me my fries and tells me he just got a house no money down and cash back. Then i’ll know the crash is on.
They already doing that in poor communities with predominantly hispanic and black people😂
@@MambaRooskii we can’t go through this again are you serious?
@@MambaRooskiiWhat? You're gonna have to show how that's actually real because I think you just completely made it up.
@@MambaRooskiigreat…The 2008 housing collapse was caused by unlimited loans to poor people.
Banks don’t give loans to people who can’t pay them back,
and that just happens to include the majority of Black Americans,
so what happens when you FORCE banks to give endless loans to everyone?
Housing collapse and economic recession.
Get a USDA, FHA, or some other beneficial program. Talk price as low as you can, get the appraisal. Then tell them you want to use the equity to roll over and cover closing. Only money down needed is $1000 or so for earnest and for the appraisal or inspection.
Interesting. I was thinking at least one was going to be a good deal. It makes sense.
Facts
Same
No it does make since he’s in a high market. Not every piece of advice works exactly the same in every market.
Worst houses to buy as an investment:
Expensive house
Middle price range house
Cheap house
Lol, right.
I've learned when an advice video has an expensive object(rolls royce) its usally filled with bullshit then a sale attempt at the end to take their course
Yeah who wants to deal with drug addicts, problematic tenants n bs in that fucked up neighborhood
I see a lazy guy up here
@@flyingwithanything27 not really i work 100hour plus weeks i have rentals but i do stay away from ghettos n f up neighborhoods,u do u
@@Geknight 👍
One of the best in the business! Solid advice!
America, where housing is seen as a profit making machine rather than a human right ❤
Seems you spew back what you learned in college from your Marxist professors. 😅 educate yourself before complaining about America. You are welcome to go to my country for human rights🤘🏽😬
That's all the world my buddy. Get be fooled
You should see China
Developing and selling a home is a profit-making opportunity everywhere.
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600-1200sqft single family are the best deals you can land. You're showing houses that no one should rent out regardless of neighborhood... it's stupidity
People like this guy are a part of the reason why we can't buy houses to begin with, they playing 1st edition pokemon cards with the housing market.
Right, let’s not mess with the rich. Instead! Let’s prey on the poor. Let’s buy all the cheap houses so they never own one, and let’s profit off of them!! 👏 👏 👏
People should be starting with small apartments, build some equity, and then use that equity to buy a house further down the line.
That's all.
Ignore what this fellow is saying unless you already have a lot of money.
i invest in 2 bedroom apartments - less maintenance issues, easy to rent out, and no big families with lots of kids or pets to trash like they would a big house
Not really. I'll do a wholesale lease option, get up to 35k, and move on. I would not overlook these houses.
It's always raining in Washington state
im 18 and im trying to find myself a place and buy a nice house ill stay in for a long time,but why are the cheapest house 400k nowadays-
Well the first problem is your talking about single family homes. They don't appreciate like multifamily
“You can’t add any value to it” = “I can’t Jack up the rent”
Follow for more tech tips
💀🎯
"This is why I'm poor and will remain poor"
That actually helped 😂😂
Why don’t you move to a socialist/communist country while you’re at it? :)
Uh, actually, that means renovating the property won't make it more valuable when the bank appraises it.
On the other hand, rent is determined by what the market is willing to pay for it.
He definitely on pharmaceuticals my man
What’s best way to find rental rates? In other words how to look up what the rent is in any given area?
You getting enough sleep my guy?
Lol
They say "money don't sleep"😄
Coke and hookers lol
Invest in apartment buildings and leave home ownership to those who will actually live in them. Real estate investors are why housing prices are so ridiculous.
wrong. inflation is why houses cost so much.
@@redrustyhill2 that's also a cause, but real estate investors inflate housing prices too.
So are you suggesting that we all should be poor and live off welfare system instead of striving for better?
@@drl5002 all truths are but half truths. Multi millionaire and Billionaire investors are inflating prices. They can afford to have overpriced rentals with high unoccupancy rates. I am an "investor" with a couple rentals and not trying to get 3k for a 3 bed house. Last house i bought was on the market a very long time and nobody wanted it so i got it for very little.
Do you think its farmers who are causing high food prices?
@@meghantran1585 that's like asking should we be poor instead of dealing drugs as if that is the only way to make money.
The best house is a dump in a really nice neighborhood.
Often, the city will incentivize you on your journey of getting the eyesore out of their area.
What I gather from this video is don’t be a landlord 🙂
Wrong. Even Donald Trump owns real estate. Its a great investment you just have to do what needs to be done
if u are highly analytical, precise and logical......you shouldn't be a landlord as i found out........ You gotta be a people person first and a flexible tough guy with some DIY skills.
Housing shouldn't be bought as an investment
Well, share what would be a good investment, since you showed what NOT to DO!OMG!!!
Seems like he just wanted to show that rolls Royce
I wonder how many of these internet real estate “investors” can make it without free money from the Fed
Exactly 😆 I was just wondering how he got his money because he looks like he'd struggle to sell a popsicle.
Thank you sir for all the help you give. 🙏
This is partially false
While you do save money buying in a lower end neighborhood what also comes with it is a lot of lower income residents who let’s all guess?? Don’t have cash flow… these houses are usually never updated or have small tasteful updates throughout with mainly untouched big areas such as the stairs, bathrooms, kitchen etc
While you will have a slightly better chance selling this, (not always true) you will still have to sink hundreds of thousands into updating it over the course of several years
Don’t listen to this rolls Royce bum he’s speaking relative to a small marked nationwide people will also draw to nicer and safer neighborhoods especially families with kids
Well said, friend.
Little garden my horses my truck my cat my fishing hole. No noise. Clean no violence no crime. What's that cost ? Exactly. Im not in with money hungry narcs.
He sounds like the offspring of Rich Dad Poor Dad.
He basically showed you lower to upper middle homes are a bad idea.
Translation- the profits are in hood adjacent homes & areas 😂🤣
He’s not wrong though. The cashflow is in the HOOOOOD 😅
Is this Seattle? I grew up there I can tell
No house is the worst, if you can buy them all
Any house…. Any house is a bad investment because it could be somebody’s home for the same price… leave houses alone
That a Roles in the back ground
I bought my 5 bed room house 2 story and rent out the room to my classmate and student. It is one of the best way to invest. Now, I am selling it for more then what I bought it at.
Please do a video on cars that don’t add value or are too nice for the neighborhood too
This is where it gets difficult. The start of it. Yep. The old location card in real estate! 💯💯
Hold onto to cash pay your bills off or down get ready for the fire sales . That’s how you make money .
Houses should not be a long term investment property in Canada. This is exactly the problem rooted in the housing crises.
Aspen/Snowmass is the best investment … if you can afford it 😅😅
Hey, get off my car 😂😂😂
Lol dude nice properties that are expensive to rent. Typically have professionals and large families living in them. Those people pay their bills on time. Good luck at the bottom of the barrel.
It’s about vacancy times. At the lower end of the spectrum when someone moves out, there is plenty of people that can afford $500- $1200 rents to just right in and it’s only vacant for about 2 weeks.
The higher the rent, the smaller the available pool goes. I know there are some properties in my area that have a $8000 a month rent. It’s great but it was also vacant for almost 2 years. The mortgage on the property is still due during that 2 years.
So for 24 months, the owner paid $7,000 a month for mortgage and had no income. Yes the tenants are better, but they have to stay significantly longer for the owner to even break even. Then larger houses have larger roofs to replace, more bathrooms that need maintenance, more a/c maintenance.
Costs go up significantly.
1. How & where do I find the building to buy to put a % down on?? 🤔
2. I also want to own a 20 story apartment building and I know it’s gonna cost somewhere between
29.6M - 80.25M.
3. My first investment will be a high profitable card laundromat business. that’s going to give me my financial freedom, so I can hopefully retire in my late 20s. I also want a big solar form.
You could definitely Airbnb 1 or 3 & get a good return
You don’t wanna airbnb in a saturated market with low rates.
the moves, the clothes, was waiting for him to rap
So buy up all the houses in lower income city’s. Giving lower income people even less of a chance to buy a house. Don’t hate the player hate the game
This is why investors target black neighborhoods, they're the most profitable investment wise
So invest in nothing, without inventory 😜 anyways.
Apartment units have better cash flow and once the tenants stop playing just throw em out the window.
The people that owns the house standing there listening to him trash their homes
Bro will heat to listen to this 10 times just to understand what you saying.
Depends on your goals. Also may get the best tenants with least headaches
Isn’t an expensive property good when you use it for short term rentals? For instance if I bought a 875k dollar lake house near where I live and I rent it out 400-450 a night (this is an accurate range for that area) and rent it out, let’s say 200 nights a year, I would make 80k-90k a year before expenses. That sounds like a great investment.
Housing investment is a scumbag move
Us watching this like “you guys can buy houses?”
I think anyone house today, at its price, taxe and insurance is not worth buying. Cheaper to buy a piece of land and a Camper and make it self sufficient.
At least till things calm the fook down in America. Let the Real Estate Market Starve as well as the Banks, Buyers have the power and they must use it to their advantage.
So if you can’t add onto the house, it’s not a good property. I was gonna buy one if it’s out of my hands but I didn’t have that much room around it and a person had already added onto. It was made it hard to get financing but I just wanna be clear you’re saying that if you can’t add onto the property is not a good investment.
There may not be more land but you can build up….instead of a one floor house you can turn that into two or three…
Thank you for the insights!
These real estate scammers are the only spooler of investment because they have left so many without a penny, I was lucky to have registered a complaint with the internet crime complaints center IC3 and they help arrested the scammers returned my money
So basically don't buy a house anywhere 🤔🤔🤔
Great advice as always, Thach! 👌
Cash flow? Try creating a home NOT cash flow!!
this guy is high af
Real estate is one of the slowest investments. Many people don’t realize this. It’s a safe investment for sure , assuming that the house will grow in value over time and eventually become free for you but it’s still one of the slowest investment.
I’d only buy real estate after I 10x my money investing into other things , and then maybe shell out for a property. On average it will take more than 60 years to 10x a real estate investment if your lucky and don’t face too many recessions in that time which bring the housing prices down.
That's why you buy land with no hoa fees. Sooner or later someone will offer you more than what you paid for it. Even if u don't get money out of it, u own equity and freedom of the land.
I bought several nice homes for profit and did great over the years. Personally I focus only on premium properties. I earned so much equity from two of those homes that I was able to purchase my personal home in cash several years later. I wouldn’t of been able to do that had I owned some crappy houses is shitty neighborhood’s. Don’t believe everything on the internet ladies and gents
Investment in rental properties is like learning you are never to old😂
This dude definitely raises rent every year and don’t give a shit about middle or lower class
Maybe. I'm a landlord and the county raises my taxes every year, my insurance company raises my rate every year and the cost of maintenance and repairs keep going up. Am I supposed to not raise rent and keep making less money every year so my tenant can save more money? What is happening is called inflation. When expenses go up, rent goes up. When the government printed money and sent trillions of dollars into the economy it caused the price of everything to go up. The more dollars circulating in the economy makes the value of the dollar go down. It takes more dollars to buy anything.
wow great points shared. Thank you!
I have no idea about real estate. However, I'm good at knowing about other types of investments.
Get off my property
His eyes wanna open but his genes say no
😂🤣😂🤣😂🤣🤣👌🏼👍
Lopez & Rodriguez? lol Your fam even legal to buy these houses?
Racist Mexicans
@@meghantran1585 lmbo so hard....
And then I’m going to buy google, apple and Tesla. And hopefully every other company. You have to actually invest your money, I guess nobody knows what that actually means. Invest + ambition = the world
Dudes talkin in front a nice property.. with a RR...behind him.. priceless
You can definitely add more value to that property by building up you don't have to build more on the current land if you add another story the property value would go up if you do the landscaping that would add at least another 10 to 15% onto the property value as well theres other things you can do
Why does bro look like an Asian Elon musk?
He definitely ate some edibles 😂
So basically you need a bad house with ok land condition.
I always said that the best investment house is in a neiborhood rating about 5 6
So no properties are harmed during the show 😅😅😅
Which is exactly why I am going to buy you out! It’s major mass portfolio something they don’t twach in schools, by 2040 I want to have 50 million rental properties. They teach in real estate income limitless.
Some of you guys have no idea about buying property and renting it out. Some of the comments explain a lot about how you invest or even save your money.
Cant stand that snobby area
I see why he didn’t go to the neighborhoods where h film and point to what is a good investment lol