HOW TO GET RICH WITH REAL ESTATE

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HOW TO GET RICH WITH REAL ESTATE

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Graham Stephan

Жыл бұрын

The Best Way To Make Money In Real Estate - Full Video Here: • How To Buy Your First ...

Пікірлер: 4 500

@GrahamStephan Жыл бұрын

Here's the full video guide: kzfaq.info/get/bejne/mLCoasJi172nZok.html

@adrielalvarado367 Жыл бұрын

Where is the full video of this clip

@diveforknowledge Жыл бұрын

I really hope youre not advocating this strategy, because its guaranteed to crash the economy and leave its adherents destroyed.

@jaquabrown7703 Жыл бұрын

Not really so simple 😅😂

@dj3207 Жыл бұрын

Make your money on your taxes. Thats your boost in life. If you pay alot of tax and get nothing back. Invest your money to things that can claim alot of it back. Start a side hussle inject 20k into it so all things are taxable. You do lose money yes. But half of it in reality. Because your getting back what you spent but paid it as tax :) you get items you need or want. But pay less with tax refund and grow not blow.

@dj3207 Жыл бұрын

Purchase as a business get deliverys at your residence run a business office in it whatever you want. Part taxable as its a % for work

@babyseal_5 Жыл бұрын

This was my biggest mistake. I should have bought a house in 1996 instead of being a baby 💀

@kapokee Жыл бұрын

instead of being a baby 💀

@fabbz94 Жыл бұрын

Baby 🍼

@itskelvinn Жыл бұрын

Just an excuse, acting like you didn’t have those opportunities in 2019-2020 when it was perfect to buy

@TLDCHWTTOS Жыл бұрын

@@goodnightjbe grateful wages have at least chased prices there. Prices are running away from wages so fast here it’s ungodly.

@itskelvinn Жыл бұрын

@@goodnightj yup and populations have grown a lot since then. That is basic economics 101. Truth is, you had opportunities to do it. You can either take them or whine about now being born in the 60s

@vincenth.8709 Жыл бұрын

Let me tell you as a 2008 enjoyer, this is an infinite money glitch until it's not.

@billy6044 Жыл бұрын

Don’t tell them it will be funny when they lose everything.

@anontwo4667 Жыл бұрын

I HECKING love living in a housing crisis

@tanpham7411 Жыл бұрын

yeah please dont tell them this. Let them foreclose their houses so there are more inventories for us to buy.

@gabrielgonzalez6456 Жыл бұрын

It’s not a glitch, it’s ideal scenario he just described. That’s where most get it wrong with the BRRRR method. Rents never went down in the Great Recession

@ryanb6614 Жыл бұрын

2008 happened because banks gave out subprime mortgages to people that couldn’t afford it…. The only way you can really get screwed doing this on a 30year fixed rate mortgage is if rent prices somehow drop below mortgage payments but I don’t see that happening with housing demands. Even if house prices drop and you can’t refinance or get cash flow the rent should be covering your mortgage atleast & increasing your equity

@NicholasBall130 4 ай бұрын

Biggest lesson i learnt in 2023 in the Real estate market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

@StacieBMui 4 ай бұрын

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@EleanorBaker474 4 ай бұрын

It took me five years to realize that trying to predict market movements based on chart analysis was futile. The lack of a mentor cost me five years of frustration. I've learned to follow the market's direction and keep my approach simple with discipline.

@StocksWolf752 4 ай бұрын

Could you kindly elaborate on the advisor's background and qualifications?

@EleanorBaker474 4 ай бұрын

The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name, She's established.

@crystalcassandra5597 4 ай бұрын

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

@MubarakAli-ke3fw Ай бұрын

Norman Vitalii's insights have been crucial for our growth.

@okilladmityouarerightbut4827 Жыл бұрын

I did this and after a couple years of hard work and dedication, I am now homeless.

@LgbtqrstuvWTF Жыл бұрын

If you make bad deals you could be homeless if you make good deals you could live off it if you make great deals you could retire early

@BabyNate762 Жыл бұрын

💀💀💀💀💀

@aprildawnlalala Жыл бұрын

Ya right 😂

@TruthSeeker589 Жыл бұрын

😂😂😂😂

@MrByakun Жыл бұрын

You're homeless? Just buy a house lol...

@gabrielharvey956 Жыл бұрын

How to inflate the prices of housing 101 :

@bbbbbbb51 Жыл бұрын

Not just that, but also take homes affordable to the lower class and make them middle class homes instead! I really despise real estate investors and house flippers. Genuinely some of the most short-sighted and selfish people on the planet. They always use the same BS excuse like, "Well people will pay for it!" Yeah. People will pay to molest children too. Doesn't give you moral ambiguity.

@xXRenaxChanXx Жыл бұрын

Otherwise known as how to be a scumbag.

@markmarlatt1105 Жыл бұрын

Glad I'm not the only one that sees this!

@notpoliticallycorrect4774 Жыл бұрын

Banks don't actually just give you money based on your word of what you think your house is worth. This guy is full of crap.

@idontgotagun9867 Жыл бұрын

@@bbbbbbb51 Then tell the people buying those houses to stop(They won’t)

@AAHIL___Boos___786 Ай бұрын

Norman Vitalii's financial strategies are top-notch.

@Sumitkasbe9834 Ай бұрын

Norman Vitalii's support has been invaluable to our success.

@gc6329 Жыл бұрын

Meanwhile 90% of people can't afford the first step: "buy a property"

@chrissant6277 Жыл бұрын

I hear crazy numbers that high everywhere, whats the source?

@dislikebutton5748 Жыл бұрын

@@chrissant6277the source is you just house search for single story homes near you if it's less than 150k you're in a low income area and chances are that home is old AF regardless and is gonna need major fixes no one wants to spend the money on

@deadplex3995 Жыл бұрын

Loan 😂

@AXA23 Жыл бұрын

There’s first time home buyers programs that will get you into a house for as little as $1000.

@gc6329 Жыл бұрын

@@AXA23you can’t rent out a home purchased with those loans for the first year. Also, how are you going to put cash up to renovate if you didn’t have cash to begin with. It’s also ludicrously hard to purchase a good property with those loans because you’re competing with cash offers from people who are trying to flip homes like in this video. It’s not impossible it’s just unrealistic for 90% of people

@jawstrock2215 Жыл бұрын

And this is why there is a property price bubble everyone.

@eduardobranco8349 Жыл бұрын

Oh please, places like san francisco barely allow for new properties to be built. Try putting a skyscraper in the middle of the city and see how many activists will complain about it

@Bushdid7eleven Жыл бұрын

@@eduardobranco8349man, almost like san Francisco isn't the center of the universe and is actually just a city in a whole nation.

@colinm.7652 Жыл бұрын

More that people don't have the equity to be playing with the system

@FcoEnriquePerez Жыл бұрын

And this is fucking everywhere, almost a global thing.

@coyee2801 Жыл бұрын

Profit

@eroorff.1m36 Ай бұрын

We've seen tremendous growth thanks to Norman Vitalii's expertise.

@Madridstrat Ай бұрын

I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?

@JesseMayhill Ай бұрын

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity

@Cottoncandyh Ай бұрын

it is best you consult a trustworthy financial planner for income projections aligned with your goals.

@Duttonmuffins Ай бұрын

Do you mind sharing info of your advisor? I need help.

@Cottoncandyh Ай бұрын

'Melissa Elise Robinson' is the advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@Duttonmuffins Ай бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@patricksnyder4833 Жыл бұрын

And then the real estate market tanks and you’re underwater on 10 mortgages and it’s 2008 all over again.

@nathanwaldrop3723 Жыл бұрын

The tenet pays the mortgage payments for you

@TheNevets7777 Жыл бұрын

Not when interest rates increase and the rent doesn’t cover the repayments lol

@ima8533 Жыл бұрын

@@nathanwaldrop3723lol sure buddy

@elizabethblane201 Жыл бұрын

@@nathanwaldrop3723 You obviously were not in the market in 2008.

@mikehunt4265 Жыл бұрын

@@nathanwaldrop3723what about when the tenant falls behind on rent? Then you evict them after a few months of no rent and you have to wait until the property gets a new tenant to even start paying the mortgage again not to mention the payments you've fallen behind on because the last tenant couldn't pay their rent, then you have to take in to account how much you charge in rent just to pay your mortgage and is it even low enough the the property becomes appealing to prospective renters. It's too easy for it all to fall apart

@moaningjeckyl676 Жыл бұрын

“How to get rich” always starts with having loads of money in the first place 😆

@moaningjeckyl676 11 ай бұрын

@flying_panda1561 yeah I get you can become rich without starting with loads but these videos you see on KZfaq allways seem to have a load in the first place to make more that’s all

@tominator028 11 ай бұрын

Look up what an FHA loan is.

@worlddicovery 11 ай бұрын

because of your view on things you have, you'll achieve nothing

@Numbll 11 ай бұрын

They usually borrow a huge loan

@OfKingsXI 11 ай бұрын

Well you put the downpayement on the house and THEN rent it out, and in some cases you can get a loan on a downpayment or if its a cheaper foreclosed house, itll be easier to rent out but could be hard to "fix up"

@AarifKhan-ng8lb Ай бұрын

Norman Vitalii's consulting has been a game-changer for us.

@meenakumarimeenakumari7983 Ай бұрын

We couldn't be happier with Norman Vitalii's services.

@ronardojohn1057 Жыл бұрын

How to destroy a nation with endless debt 101.

@MrToranaGuy Жыл бұрын

You post that like there is no distinction between good and bad debt. Good debt is rather easy to define. It's a debt you take on to purchase an asset that can appreciate in value and/or produce an income, which can be used to pay down that debt. IE a property, be it house, apartment, store, factory, art or even shares, commodities, ect. A bad debt it easier to define. It's a debt for something that is costing you money and/or loosing value, like a new car, new fancy mobile phone, ect.

@Charlie43348 Жыл бұрын

@@MrToranaGuy The lines are not that simple. Good debt can very easily turn to bad debt. You've read too much robert kiyosaki without realising what a crook he is. Look at the US in 2008. People farming up as much property as they could. Everyone was under the impression that was GOOD DEBT until it suddenly wasn't. The property market can never collapse right?

@MrToranaGuy Жыл бұрын

@@Charlie43348 good debt can turn bad, and I didn't say that it can't. You could find your tennant stops paying the rent for whatever reason, or they move and you have a hard time finding a new tenants. Until you secure new tenants, that debt is a bad debt, but that doesn't last forever. Property can fall in value in the short term, but that wasn't really the problem. 2008 was a bad time to be a property investor if you had no liquid cash to keep you floating. You never, ever, go all in on any one investment. You always need to keep some cash liquid, to weather the tough times.

@Ya39oub_G Жыл бұрын

That starts with usury and loan interest

@davidkunkle3262 Жыл бұрын

@@Charlie43348yeah that collapsed in 2008 wasn't from House flippers. That collapse came from Banks making bad loans and investments and then creating an excuse. They cause the bubble they burst it and then got bailed out

@wr8756 Жыл бұрын

Now lets see what happens on your tenth property when the market shifts, instead of it going up 10%, it drops 30%, your other homes become vacant and now you owe payments on ten mortgages and have no cash

@brevinprince9826 Жыл бұрын

Optimal

@camtwan1 Жыл бұрын

This risk assessment is why you’re broke

@wesleyowens4089 Жыл бұрын

@@camtwan1and why are you broke?

@jamiemars9069 Жыл бұрын

Yeah this is what Dave Ramsey was doing before he lost absolutely everything in his late 20's.

@michaelnee550 Жыл бұрын

Literally the 08-09 housing crisis

@HhhCtbybybh Ай бұрын

We owe our financial success to Norman Vitalii's strategies.

@ChristopherAbelman Ай бұрын

With the economy still pretty hot and inflation sticky, U.S. stocks ended Friday’s session in the red with all three major averages notching weekly losses as inflation and global crises intensifies.The Dow Jones Industrial average dropped 1.24%,The S&P 500 shed 1.46%, and the Nasdaq Composite declined 1.62%. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.

@PennyBergeron-os4ch Ай бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

@JosephineKenney Ай бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

@JosephineKenney Ай бұрын

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon

@grego6278 20 күн бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

@louferrari1503 13 күн бұрын

Buy puts!!!

@eman610 Жыл бұрын

I love the casual beginning... "You buy a property" Hahah!

@nicksmith1988 Жыл бұрын

if you get permission from your lender you can rent a mortgaged house, but yeah its still expensive

@DJTeddyJetts Жыл бұрын

That bum on the street over there like "why didnt I think of that?"

@yvonnefitzgibbon4517 Жыл бұрын

What no one understands is that to make it work, you have to spend time looking for the right property. Then it must be in need of a fair bit of hard work from you, doing on it. A property in perfect condition is going to cost too much because you're paying for the work done by someone else. There are properties in need of renovating that are not selling, make an offer on it, only like everything in life if you do it yourself it takes a bit of effort . We've done it so anyone can, and we're not builders. Also it takes patience, and it's more of a long term project, that's why you rent it out and not sell it immediately. Rinse and repeat.

@JakeSmith-em5sh Жыл бұрын

@yvonnefitzgibbon4517 don't try to actually logic it out. There are a significant number of people who have already decided "buying any property you don't need just to rent it" means you're one of the evil oligarchs. Explaining the time, money, and effort that you put in to get there makes no difference because landlords = bad.

@nicksmith1988 Жыл бұрын

@@yvonnefitzgibbon4517 i dont think you understand the concept, its not a long term project for builders. you buy a house in bad condition and repair it (this raises the value of the property) you rarely sell the properties, you get tens of thousands of dollars from refinancing the property, the renters pay off the mortgage for you, using the money from the refinances you purchase more property

@NavySeal2k Жыл бұрын

Perfect explanation of the bubble in 2008

@MarkHallG Жыл бұрын

Yep, home prices collapsed because mortgage was given to those not up to prime and too many people made risky investments in collateralized debt obligations.

@NavySeal2k Жыл бұрын

@@MarkHallG Yeah, no. CDOs would not have been a problem if the mortgages weren't given out with criminal neglect to due diligence. You shouldn't get a loan just because you can come up with the up front payment for a house... Your income is dependent on renters wanting to rent your place, the risk of that should be a factor, especially if you want to do it in multiple iterations like promoted here. Any loss in the pyramid will lead to a collapse of the whole structure.

@rationalbasis2172 Жыл бұрын

@@NavySeal2k If the fact that people are still doing this, and others are still bundling all these loans into CDOs, fifteen years after the last time this activity crashed the economy doesn't tell you that there's no such thing as "due diligence," then nothing will.

@matycalls Жыл бұрын

No. It’s not.

@NavySeal2k Жыл бұрын

@@matycalls Why not, people had too much properties all financed and as the rates incriesed without the possibility to value your help properties higher it collapsed.

@DumeshKumar-cn4ki Ай бұрын

Norman Vitalii’s negotiation skills were key to the success of our merger. They saved us $500,000 in the process.

@tmac9938 11 ай бұрын

How to repeat the mistakes of 2007 all over again: leverage everything you own

@TheAmishUpload 4 ай бұрын

that's not why 2007 happened. it was because the banks were giving out mortgages to people they KNEW could not make the payments on. the financial collapse of 2008 was not the consumer's fault. and anyone who leverages their equity to purchase another property knows what their risking, otherwise they wouldn't even know to do it.

@tmac9938 4 ай бұрын

@@TheAmishUploadthere is certainly a concept called "over-leverage". what you said about banks in 2007 is also true.

@TheAmishUpload 4 ай бұрын

@@tmac9938 I agree. Apologies if I came off like a dick, I hadn't eaten when I wrote that

@etebong 4 ай бұрын

@@TheAmishUploadreal

@vrcmf3172 4 ай бұрын

@@TheAmishUploadthat’s literally what happened in the housing crash. Also the backs HAD to give loans out. Look up Clinton’s housing initiative. Banks could not turn people away. But yes this is what causes the housing crash. When banks call in their loans you have no money it’s no good

@wittttttt Жыл бұрын

That only works if your rent covers new refinanced mortgage, taxes and regular maintenance

@BrownTrout1238 Жыл бұрын

No. When you refinance a home the bank will tell you how much they think your plot of land+ the new building you built on it is worth. He is saying they will keep 25% of that worth as a downpayment, and then loan you 70%. Now if you find a new plot of land, and can build a building on that plot of land for less or equal to the amount of your loan, you can finance that new property with the 70% loan you received, from the bank. Then you rinse and repeat. Eventually if you’ve managed to build property and refinance it at a higher value than you paid for, you start to make money.

@husamh4585 Жыл бұрын

@@BrownTrout1238tf you mean no. You’re not gonna make money unless the rents cover your expenses plus the loan payments. Let’s say you rinse and repeat and now you have 20 properties. But your expenses are way more than your income, thus you’re gonna bankrupt

@mjlaramore Жыл бұрын

Don’t forget hoa

@AustrianEconomist Жыл бұрын

@@BrownTrout1238well yes, but now you have a new property that you just financed… and you’re going to have to start paying mortgage on it. So if that new property has a $2,000 mortgage + $5,000 in property taxed, you need to make sure that it can be rented for at least that amount. Otherwise, you will start losing money every month and your cashflow will be horrible. Eventually you might even bankrupt because you have 10 mortgages and no way to pay the monthly payments.

@marcodaprize478 Жыл бұрын

@@BrownTrout1238 how much is the interest rate in the 70 % loan??

@agent0422 Жыл бұрын

Omg this is so cool. Now I can quadruple my debt to get a razor thin profit and if I can't find tenats I'm financially ruined. Thanks Graham and friends :)

@JAVEDSALamN Ай бұрын

Highly impressed with Norman Vitalii's consulting services.

@oggyreidmore 11 ай бұрын

You do this thousands of times. Then diversify into commercial properties. Then start buying all the stock in the companies that occupy those commercial properties. Then refinance it all and take the cash and buy credit default swaps and bet on the real estate market crashing. Then lay everyone off and move the companies to Mexico. You make higher profits from sweat shop labor, billions from shorting the crash, and a big fat government bailout at the end.

@lv3575 3 ай бұрын

Now THIS is what you call a Blue Print

@forgotten993 Жыл бұрын

How to screw an entire generation out of an affordable place to live 101

@arkology_city Жыл бұрын

While you make $20K and the banks make $100K

@matton36 Жыл бұрын

One day those of us who could not afford a home will buy one for pennys on the dollars when these "investors" investments come crashing down around them, i cant wait lol.

@Trae4k Жыл бұрын

Supply and demand runs the market. If they are making money its because people are willing to pay

@siriusthestar1763 Жыл бұрын

no, by then all the people would have bought properties

@ArminiusVicious Жыл бұрын

It's gonna be quiet the spectacle when the artificial market, created by conglomerates holding single family dwellings, comes crashing down when there aren't enough people hitting up their airbnb listings and high rents anymore. They will get bailed out and flood the market with cheaply made homes. The wave of buying and flipping will be epic. Lol. So many people will lose so much money

@warpstrike Жыл бұрын

"how to be the problem rather than part of the solution" 101

@arkology_city Жыл бұрын

Yeah I am $5M in debt and causing the housing crisis...but my tenants are barely making me scrape by so things are great

@noahmcdaniel4920 Жыл бұрын

Only in the mind of a silly socialist could improving property and being a landlord be "the problem." I'm guessing you'd rather the government have a monopoly on the rental industry and compete with individuals who are trying to buy homes?

@ajcook3146 Жыл бұрын

Skill issue

@noahjones9833 Жыл бұрын

@@ajcook3146 its actually the exact opposite of a skill issue, theres no skill involved at all, just wealth and luck

@elliotbrault3972 Жыл бұрын

Idk if you know this but this is actually how it works. There’s no debt unless you don’t follow these same exact steps and/or if you’re dumb

@mahendrarajwar8543 Ай бұрын

Our business wouldn't be where it is today without Norman Vitalii.

@HiteswarHiteswar-uf3vt Ай бұрын

Norman Vitalii's expertise is unmatched.

@tylerroe5175 Жыл бұрын

12 year old me really should’ve capitalized on the 2008 crisis

@doomslayerforever2858 Жыл бұрын

well its happen now get ready its gonna be worse then 2008 gram better sell all his properties now. oh thats right NOONE IS BUYING

@tylerroe5175 Жыл бұрын

@@doomslayerforever2858 The next crash isn’t gonna be the same as 2008. ‘08 was a very unique scenario that hit real estate specifically. The next crash will be a total economic stagnation and inflation will skyrocket. Houses are gonna get more expensive, not less expensive. Via hyper-inflation

@tcsmagicbox Жыл бұрын

And that is how you build a house of cards.

@demisaysstuff Жыл бұрын

Yeah, the pandemic hit and half the landlords in the country were ready to end it all. They took PPP loans to stay open and then raised rents 40%+ once eviction moratoriums ended. It’s a sick industry.

@AndyOO6 Жыл бұрын

housing bubble ftw :) stand back it can burst int flames without a match :)

@johnbravo1034 Жыл бұрын

Exactly!!

@berealrelentless6237 Жыл бұрын

@@demisaysstuffnot really, if Govt stays out of it, there wouldn't of been hurt landlord's. Also a lot of young or inexperienced people became landlord's with 0 skills, except to raise prices cause some guru did

@ChronicAndIronic Жыл бұрын

Or the card of houses in this case

@troyhenry6111 11 ай бұрын

My parents literally started doing this. They own homes now. My dad didnt even realize this made him a millionaire in assests because he never sat down and did the math on all the assests he owned.

@jadonmesfun6479 10 ай бұрын

How long has he been doing this?

@anthonyyoung8312 7 ай бұрын

Yes, but is only an asset when u sell it ^^

@bedtimestories1065 7 ай бұрын

That's awesome. Your dad was just doing his thing and enjoying life and didn't even realize he became a millionaire... Kudos to him, that is some advice for us all to listen to. It is easy to focus on money too much.

@derkeksuchtige3416 7 ай бұрын

@@anthonyyoung8312wtf

@MyNameIsSalo 4 ай бұрын

@@anthonyyoung8312… no. If he sold it then it’s not an asset anymore. It would be cash. A house is an asset. That doesn’t mean he actually owns millions of dollars. The houses each have massive loans that were taken out so even if every house was sold, he probably wouldn’t be a millionaire at the end. Good chance you’d lose money tbh. You only make money by having the repayments on the loan costing less than the rent and maintaince of the house. The second that asset it gone, you lose money on the loan via interest. You still need to pay the loan off.

@ghostshell438 11 ай бұрын

Right boys, get two mortgages bc one isn’t expensive enough 😂

@makmar4484 10 ай бұрын

I just cash my houses all off 👍I'm 24 iv bought many

@TheAnnoyingBoss 8 ай бұрын

Theyre goping their renters are willing to pay their mortgate they took at minimum downpayment for the highest payment possible

@KratosMafia 7 ай бұрын

They are not paying the mortgage. The renters are. You pay say 1k a month in mortgage and rent for 1500. They are paying you 500 more the only thing is if the AC breaks or something, that is on us not them. But yes you're paying the mortgage not me.

@onvamdimon2224 6 ай бұрын

@@KratosMafiarent not cover your mortgage repayments these days

@seanreilly6618 5 ай бұрын

The part all these influencers never mention is what does "refinance it" really mean for you on a 30 year basis.

@joaovitorino662 Жыл бұрын

*interest rates have entered the chat*

@armouredjester1622 Жыл бұрын

Interest rates are factored into the rent. Economy predictions, not so much. My landlord is looking at raising my rent, I'm looking to switch states. Business.

@joaovitorino662 Жыл бұрын

@@armouredjester1622 the problem is there's no way raising rent covers the hikes with this model. And if people just move, the bag holder with this huge debt is fucked. I'm not saying it's not business. Going bankrupt because some derp showed you "cheat codes" on KZfaq is not what business should be.

@brusombear3823 Жыл бұрын

covid dead beat sqauters that you cannot evict have entered the chat

@Gidono Жыл бұрын

Chatters have entered the chat

@AaronCook83 11 ай бұрын

Squat back. You win.

@b-ranthatway8066 Жыл бұрын

"If you're homeless, just buy a house."

@2sdd 11 ай бұрын

you might not believe but this exact advice was given by polish president bronislaw komorowski back in 2015 to a kid who asked how is he supposed to buy a house with such low salary /watch?v=hHk_Si27BJo get better job, take a loan was his answer :D

@karegesan 11 ай бұрын

- Haris Pilton

@TheActright 11 ай бұрын

to be fair being homeless is a great way to save to buy a house, you do need some form of shelter like a car. It brings you monthly expenses to almost 0, use planet fitness to shower.

@malharford8668 11 ай бұрын

That's the thing. For example in my country Uganda Kampala 🇺🇬. There lots of business opportunities. Like In real estate, but u don't just buy a property.

@westcoast6162 11 ай бұрын

😂

@elgatomoscato230 7 ай бұрын

It's also a house of cards, if a tenant or tenants leave, you need to pick up the tab on that expense. A better option would be to have a property paid in full, rent it out and finance a second property with both rents being used to pay the second house off, rinse and repeat. Then each house is paid and the value of each increases over time

@nonyabiz9340 3 ай бұрын

You'd quickly reach a point where you're making enough in a good year to buy another house. And there's almost no risk to it. If you have a bad year you just don't buy a house that year.

@thecarlitosshow7687 2 ай бұрын

that's a good idea...

@lionbearchowchows2496 4 ай бұрын

Your credit needs to be perfect. Your debt to income ratio needs to be perfect and your payment history needs to be perfect. They don’t tell you that part.

@LividCoffee01 Жыл бұрын

It’s amazing how these experts advice is to stand on a tightrope and hope you don’t fall

@austinnipper6460 Жыл бұрын

That's called life. Ain't easy but with big risk comes big reward. Usually you do make it if you're dedicated enough. I work 80 or so hours a week and I'm getting there. I make just over fast food worker pay as well.

@thewhyzer Жыл бұрын

@@austinnipper6460 I hope you're "getting there" by learning new skills to go into a better career, because otherwise.....

@knightacedia Жыл бұрын

Yeah thats the only way to succeed in the world humanity has built, at least its the only way to succeed without shitloads of talent. Makes you want to burn the whole thing down, doesnt it?

@jmc3461 11 ай бұрын

@@austinnipper6460 get a skill, not all ways to make money are wrapped up in layers of debt

@eitkoml 11 ай бұрын

And hope that you don't find a problem with the house that a building inspector missed.

@cjnewbs Жыл бұрын

It should be noted that you can’t just got to a bank like “yeah it’s worth $100k more” you have to get someone to value it for you.

@notleeland Жыл бұрын

Hence the point made of “fixing it up” As in, making improvements and…you guessed it…increasing its value…

@yanwain9454 Жыл бұрын

@@notleeland which generally costs money that he is not including in his calculation

@notleeland Жыл бұрын

@@yanwain9454 wow repairs and renovations cost money?! Damn this strategy will never work then

@savvyinvestor Жыл бұрын

It's called an appraisal and bank will send someone to do that

@savvyinvestor Жыл бұрын

@@yanwain9454barely $200

@rdtheskald 11 ай бұрын

Regular houses should not be allowed on investments like this, if you buy it you gotta live in it. Every single damn family deserves a home. The world is wicked.

@stevep5408 6 ай бұрын

Simple, property tax rebates on primary residences?

@paddy1451 4 ай бұрын

Cry more

@BanksHoliday 11 ай бұрын

Its a cliche but the main message i got from this is, If you stand for nothing, you'll fall for anything! Great conversation!

@rabidrabbit6863 Жыл бұрын

How to file your first bankruptcy speed run edition

@randupe2403 Жыл бұрын

I smell salt

@akiraic Жыл бұрын

you won't go bankrupt because you have the house. this actually works well if you're able to get your first property.

@Yvaneify Жыл бұрын

@@randupe2403 it's not salt. When you leverage like that, any missed rent or financial crisis can absolutely wipe you clean. I know any business is risky but this is beyond risky, it's gambling.

@martinlin937 Жыл бұрын

Wouldnt exactly go bankrupt if you do it right, you gotta have the money to buy the house, but put in a part of it, rent it out, and the rent pays for the mortage, years later, the property is all yours!😀

@rabidrabbit6863 Жыл бұрын

@@martinlin937 truly spoken like someone who’s never owned land and had to maintain it

@Dr.Dumpnpump Жыл бұрын

It’s just that simple, until rates go up and people stop paying the rent and leave you with a damaged property. Good luck!

@matthewb1529 Жыл бұрын

Which is really the only major risk. You keep money on the side for repairs and damages, thats common sense.

@yevgeniykhakhaev9788 Жыл бұрын

Yup. I have a co-worker who is currently fighting a LOSING battle against a tenant. These "real estate gurus" fail to mention such scenarios.

@spitfire3311 Жыл бұрын

⁠@@matthewb1529haha yeah just make sure you’ve got $20k down, a bank loan and $20k more for expenses and $20k more in case your units go unrented and $20k more to sue your old tenants in civil court after they destroy your house! Common sense!

@matthewb1529 Жыл бұрын

@@spitfire3311 if you're paranoid about renting out just wholesale. Find your niche and run with it.

@matthewkiernan7592 Жыл бұрын

@@yevgeniykhakhaev9788Because it’s a common sense risk of real estate. If you have tenants, there is always liability. Humans are not sims characters

@tofahub 7 ай бұрын

Graham bought his first property for 60K as a 19 year old. He started off from nothing. You don’t need a lot of money folks but mindset

@CraigESQllc 11 ай бұрын

generational wealth comes in many forms. If you don’t have that or a family member with a good mind. It’s all on you

@Aidscapade71 Жыл бұрын

Hardest part is that First step "Buy a property"

@jones848 Жыл бұрын

Exactly they act like buying a million dokkar house is something everyone can do

@beniaminosani2719 Жыл бұрын

This is the reason only rich people make money

@eduardobranco8349 Жыл бұрын

@@jones848it doesn't have to be a one million dollar house, and its not prohibited for you to find a couple of partners to help you with buying those properties

@matromeo 24 күн бұрын

No, the hardest part is waiting. Saving your money and waiting for the right moment. People who fail, don’t wait for the right moment.

@wassup287 Жыл бұрын

It's like 2008 has been wiped from public memory

@dreadroberts5627 Жыл бұрын

I was thinking the exact same thing. History keeps repeating itself, and society keeps ignoring history. It's unbelievable!

@theflyy68 Жыл бұрын

Flippers didn't destroy the housing market. The Community Reinvestment Act did. Look it up.

@matycalls Жыл бұрын

That’s not at all what happened in 2008.

@usucdik Жыл бұрын

@@theflyy68 I looked it up. You are completely wrong. The CRA was made a patsy by the scummy lenders and banks who partnered with crooked credit rating agencies and used predatory practices to sell thousands of houses to people that couldn't afford adjustable-rate mortgages.

@ima8533 Жыл бұрын

@@matycallssee how quick we forget

@Antoniolopezjimon 11 ай бұрын

My dad is a millionaire and he keeps telling me to not listen to millionaires if you want to become wealthy, because they make so much money they think people that make less can do the same and make the same results as if they were millionaires. Try to start small this is what people hate and give up on because they see 10k instead of 100k and feel like it’s pointless. Think small but big at the same time so you don’t get caught up on giving up and feeling like you’re doing wrong. This is what my dad has to put me on, starting from point 0 and lending me 1000 dollars at 16 to start, now I made 10x more and currently 18 turning 19 in a few months

@nyeeeessss7674 11 ай бұрын

I love these "advices" because they don't include other important factors like credit scores, income, inflation and etc. It's easy to day those things when you're fortunate enough to begin with.

@MarcosTrazzini Жыл бұрын

He just forgot to say that renovating a house costs money and you actually have to pay the loan before going to the next one for it to even get close to make any sense

@notpoliticallycorrect4774 Жыл бұрын

And you have to make mortgage payments while renovating.

@BrunoBerryhoneybuns1370 Жыл бұрын

I love how the comments just tore this advice up

@realbrunomatos Жыл бұрын

😂😂😂😂

@BrunoBerryhoneybuns1370 Жыл бұрын

@@realbrunomatos I'm the real Bruno...lol

@unrealuknow864 Жыл бұрын

because it is reckless

@reidyoung298 Жыл бұрын

It seems like the comments are just full of negative people who would rather put down something than try to understand and/or create something. There are so many different excuses and "but this this this" in the comments. I don't see it being destroyed in an educated way by a single comment so far. Investing is risky, so just manage the risk. People who don't make money will very often give you every excuse so they can feel safe not taking action.

@unrealuknow864 Жыл бұрын

@@reidyoung298 Because the advice is horrible. This type of financing scheme had proven to be extremely risky and rampant with failure. In principle it would work. In practice it is doomed to failure unless the person is very lucky. It certainly wouldn't be a strategy to use over a long period of time because the markets always correct themselves.

@drkapil70 11 ай бұрын

Once ur locked on one side for some reason, both the property will be vanished by banks, what a magic show..loved it🎉

@phoenixmason4101 Жыл бұрын

“It’s just that simple folks” just buy a $1 million dollar property

@notpoliticallycorrect4774 Жыл бұрын

With a $8000 a month payment that you can rent out for $3500.

@elizabethblane201 Жыл бұрын

@@notpoliticallycorrect4774 Exactly correct. But they are conveniently ignoring that part.

@Tony-ix4oc Жыл бұрын

This is exactly how to NOT make money in real estate. Every time you refinance that property to buy another you just create an immediate liability instead of an asset. Every month you don't have a renter you're now paying a mortgage on top of property tax, insurance, etc.

@lopez122795 Жыл бұрын

That's why single family rentals suck. Not multifamily, because chances of all units being vacant are low. And if does happen you probably did poor research and bought in a bad rental market

@oguzoguz4686 Жыл бұрын

10 percent vacany. Unless you bought the housr in getho it will be rented out.

@bubbietaggart1265 11 ай бұрын

You can also just rent out the property until you pay down the mortgage, using the rent money, by 80k say and then refinance the property for the same amount as your original mortgage then use the extra 80k as a down payment for a new property.

@tarrysummers6744 4 ай бұрын

I’ve bought thousands doing this strategy. It works

@michaeltye2359 Жыл бұрын

"This is what people are doing, crashing the housing market again"

@nickstein3129 Жыл бұрын

Here's hoping they don't quickly.

@sorejack Жыл бұрын

@@nickstein3129 i hope it crashes and burns.

@patrickk5287 Жыл бұрын

At the point a scheme like this is being broken down on KZfaq, I assume it's because people want to cash out before a market crash. If they're selling you the scheme instead of the house, what does that say about the house?

@tobiasreaper3650 Жыл бұрын

@@patrickk5287I like the way you think

@TechnoSpice Жыл бұрын

This is why everyone hates landlords.

@nathanbarnhart7823 Жыл бұрын

Not all of us do this, lol.

@ZIGMER Жыл бұрын

Fixing up a property, so it's actually rentable, is bad?

@accidentalbonk4308 Жыл бұрын

@@ZIGMER I can't afford the rent, how could I possibly think it is a good thing?

@PhantomFilmAustralia Жыл бұрын

Unless you're a landlord. I'm a landlord that lives in the same complex of my tenants and they love me. Good tenants give me referrals for empty apartments.

@nathanbarnhart7823 Жыл бұрын

Rent not as nice of a place? It's still a business at the end of the day. We can't do it if we can't make money. If I gave you an investment opportunity and said: Give me $50,000 (down payment), then I want you to lose $300 a month for the next 30 years (PITI/maintenance), then after that you can start to cashflow, but only like a couple hundred a month, you'd probably tell me to get bent...

@TampaTec 11 ай бұрын

Till housing market crashes then money 💸

@piscator63t 8 ай бұрын

its called risk vs reward..... sometimes you fail but persistence pays off.... failure=experience

@2777green Жыл бұрын

This assumes no issues and everything works flawlessly

@TheHonestTruth Жыл бұрын

@@toromontana8290 in 2023 facts

@KoLd22 Жыл бұрын

This is the best way to dig yourself into debt that you can never payoff and when the market goes down you lose everything…

@viscountslappy5085 11 ай бұрын

Nope - you write off the loss on your taxes and then show a net loss and get a refund.

@mgdiaz2158 Ай бұрын

It's not that simple at all. Finding the right renters can be a nightmare, renters can be a nightmare, being a landlord can be a nightmare, owning mortgages can be a nightmare when you can't find good renters.

@tyw__ Жыл бұрын

First step: Make enough money to buy a house and fix it up while also paying for your own living cost

@AnOriginalYouTuber Жыл бұрын

I'm doing that. It's humbling living in a dump but it's getting better and I'm financially secure.

@swamidude2214 Жыл бұрын

And make sure you buy it alone, then have your girl also buy one on here name, so you can keep flipping one house while living in the other. Not that hard.

@scubatablemallcop3804 Жыл бұрын

Rip to anyone who gets caught up in this when the next crash hits and you have more debt than you can ever pay back

@jordach545 Жыл бұрын

In Canada that won't happen though.

@DuecedYT Жыл бұрын

Good thing student debt is only debt you can't go bankrupt on+

@apartmentinvestingforbeginners 3 ай бұрын

Just as simple but getting the first loan and getting equity is truly the first step. Happy that my multifamily buildings are doing that for me with no problem

@stevejobs3895 10 ай бұрын

Here’s a strategy, you get a Home Owner looking to sell to Sign an Options agreement with you. You get a loan to flip their house for them. Increase the value of their home when they sell, and you pocket either a set amount or the difference from the profits.

@user-rx3eh8bb4x Жыл бұрын

They don't just give you that money if you say it's worth more. The property will have to be appraised for that much.

@peterlenza8320 Жыл бұрын

And if they did and you lied about the appraisal it's literally fraud 😂

@Tex_actual Жыл бұрын

yeah cause this dude totally doesn't seem like the dude who would slide some cash to some one to say the house is worth more.

@superharryboy Жыл бұрын

He meant "say" as in "for example". You won't get a loan just by saying it's worth x, it is appraised and then they give you the loan.

@citizen320 Жыл бұрын

Appraisal only costs a couple hundred dollars

@rationalbasis2172 Жыл бұрын

@@peterlenza8320 How many people in 2022 went to prison for lying about the appraisal.

@rawrrawr-ns7ck Жыл бұрын

It's simple, you just have to be rich or come from a rich family to afford the first house.

@anthonyosorio212 11 ай бұрын

I grew up poor and then joined the military and bought my first home (285k) at 21 years old and then sold it made 100k profit from equity and then bought a 600k house with that profit. It's not that hard people are just too fucking lazy to do what they need to do to achieve what they want in life

@TheKencyr1 11 ай бұрын

I grew up dirt poor and could afford my first home at 24. No one wants to sacrifice their daily coffee, no one wants to eat peanut butter and jelly and bologna for years at a time. No one wants to stay home and save money instead of going out drinking. No one wants to wear old shoes. No one ACTUALLY wants to save for a house. They all just want to blame others. Grow up people.

@ChuckNorris-rr3zk 11 ай бұрын

@TheKencyr1, so true! You achieve something by sacrifices and efforts, not by blaming others for your screwed life.

@TheKencyr1 11 ай бұрын

@@ChuckNorris-rr3zk I heard that when u jump in the water u don't get wet...the water gets Chuck Norris...

@nathanrodriguez-qi5fu 2 ай бұрын

The problem with this method, that a lot of new investors might not understand at first glance. Is that refinancing a property, will increase debt and increase monthly payments for that property. Which in turn will decrease the strength of the investors interest.

@Land-n3w Ай бұрын

I just have to applaud your content man, well done I’m be forever grateful to you, you changed my whole life and i will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a investment, thanks you mrs loice martha

@brontusdarf3999 Ай бұрын

She must be really dedicated and well trusted for people to talk much good about

@Jamieelliiott Ай бұрын

just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@donworryboutit7631 Жыл бұрын

The median home price in America as of Q2 of 2022 is $440,300. A 20% down payment is 88k. A renovation budget of 10% of the home price is 44k. For a low total of $132,000 cash, only a little above double the average salary of $58k, you too can become a multi-millionaire.

@lego856 Жыл бұрын

Well thanks for taking the wind out of my sails 😢

@junkmail6854 Жыл бұрын

You can't spend all your income and then expect someone to hand you a bag of cash to invest. Save that cash, rent a room instead of a whole apartment, buy a cheap car. I see kids buying $45K teslas on a 70K income. What in the hell.

@kaeji_namitsua Жыл бұрын

@@junkmail6854 Loans? Or they saved half of income for some time.

@micahf0 Жыл бұрын

@@junkmail6854 and probably on a 6 year loan.

@junkmail6854 Жыл бұрын

@@kaeji_namitsua what's worse?

@FanEAW Жыл бұрын

how to go bankrupt in record time:

@RehanKhan-tq2qh Ай бұрын

Norman Vitalii’s down-to-earth approach makes complex financial concepts easy to understand. I've learned to manage my finances better, saving an extra $10,000 annually.

@paulchristopherlittle Жыл бұрын

Now when you take that down payment they say your debt to income ratio is too high because you already have a mortgage. So they decline your application lmao.

@mojocosmetics Жыл бұрын

the new properties are rentals and they calculated market rates.

@jayc4715 Жыл бұрын

Plus you're basically admitting to lieng about the home being your personal residence in order to get the fha type loan

@thecakeisalie6601 Жыл бұрын

You do it through a holding company, ita not a personal asset 🙄

@ineedhoez Жыл бұрын

No. They allow you to use the rental income as part of your income

@keno1069 Жыл бұрын

You're showing your ignorance.

@Jennieturnsmeon Жыл бұрын

It's not that simple. You got to find the right bank because they have full control of the appraisal.

@sdestructor185 11 ай бұрын

I mean ofc everything is easier said than done but that whete ur effort comes in part, he just giving a base for who don’t even know how or what this is or works its up to you to put the effort to getting there

@sn4rl277 11 ай бұрын

House flippers from 2009 have entered the chat.....

@DJ_Force 11 ай бұрын

This is called 100% leveraged. This works great until the market dips and you can't make the payments and you can't sell because you have no equity to cover being under water on every property.

@AxiomApe Жыл бұрын

This is sustainable and can surely go on forever. 👀 😅

@Svabre Жыл бұрын

2008 Vibes. Also on an unrelated note: 1929 vibes.

@charlesnl7 11 ай бұрын

Look at China and what they did with real estate. They did what this guy said to the max. It's musical chairs with homes.

@josephbarker91 Жыл бұрын

How to leverage yourself up to your eyeballs until you either go bankrupt, or you get so sick of debt that you give up on real estate.

@InvestAndGrow2020 Жыл бұрын

Is this what happened to you?

@outisnemo8443 Жыл бұрын

@@InvestAndGrow2020: It's what happened to the millions of people who went belly-up in 2008.

@Mojojojofroyo 10 ай бұрын

Glad I followed this channel probably the best channel on real estate what doesn’t this guy tell us

@NipseyRussell304 11 ай бұрын

You can clearly tell he is regurgitating information about how to get rich via real estate and doesn't know his @$s from his elbow... Graham clearly does, what a blessing 🙌

@asmranonymousgaming901 Жыл бұрын

Ppl don’t realize just how much money you need to have to start with in order to invest in real estate. If you don’t have money for regular maintenance and repairs then you probably shouldn’t invest in real estate

@elrond7887 Жыл бұрын

That’s not entirely true. You need to have access to money, doesn’t have to be yours. There’s local REIAs that can teach beginners the best ways to get started

@Lighthawk1986 Жыл бұрын

People have been doing this in the uk for over a decade. The bubble is just away to burst now.

@carltontaylor6500 Жыл бұрын

@@elrond7887in order for this strategy to work the first house has to be free and clear you can’t “cash out” of a house with no equity…not at 70% at least.

@father_Russia Жыл бұрын

"Just that simple folks"🤓

@ishaan863 Жыл бұрын

while they destroy an entire housing market and make sure no working class person gets to afford a house 😐

@kzip2009 11 ай бұрын

Its is

@sdestructor185 11 ай бұрын

@@ishaan863that’s the point it’s not they’re fault is the government fault, i don’t wanna be rude but look we know I’m what type of world we are, u can either use the bad stuff in ur advantage or expect the world to be a good place. Example u can either buy a car that way you can drive ur self or expect people to give u ride for frees and hope no one is trynna rob u. Yk what I mean?

@sdestructor185 11 ай бұрын

Like I get ur point is f up and people r not able to buy it but taht where either y cry abt it or do what’s best in ur time loving

@TrevMortgage 7 ай бұрын

Great strategy when done properly. Many other factors to consider when investing but with all the ways to make a profit, this is one of my favorite strategies.

@georgecortes6139 2 ай бұрын

I feel like its easy. But it also sounds like you really got to know what youre doing, because it can be just one bad turn and everything collapses

@forrestgump5959 Жыл бұрын

honesty left the chat. greed and downfall entered.

@stephenc2481 11 ай бұрын

how do you come up with greed? a legitimate way to make money is good. it is all about economics, supply and demand. you play the game.

@sharkmansman2085 11 ай бұрын

@@stephenc2481 yeah which is inherently greedy

@thehorde4868 9 ай бұрын

What's not honest about it, this strategy is very popular

@forrestgump5959 8 ай бұрын

@@stephenc2481 greed is the game. it depends. most often it can be just plain greed with no value added - no work done - just for the sake of $$$

@saeedhossain6099 8 ай бұрын

poor risk management has entered the chat, well that and a greedy banker....

@brianh9358 Жыл бұрын

This is exactly what is effing up our country. When houses started to become "investments" everything went to hell. Now even "real estate" funds are buying up housing for "investment".

@viscountslappy5085 11 ай бұрын

Yes. That's exactly how that works. And then when you want to, you sell the house you're renting out for more than you bought it for, take that cash, turn around, invest it into another property, and print money. And also yes, it takes massive amounts of cash (and credit) to do this.

@533lpunit 4 ай бұрын

What they don’t tell you is that you can’t rent the house the first two years you own it, unless you do a different loan, which will need a bigger

@lonersocietyxxx2371 Жыл бұрын

I see alot of people down playing this method in the comments, listen this method is great but like anything it has its risks & rewards over leveraging money could pay off greatly but also could bankrupt you quickly. Everyone's strategies are different you have to figure out what you want in life & go from there.

@totopo5226 Жыл бұрын

Thank u, I’m not sure why everyone is being so negative.

@lonersocietyxxx2371 Жыл бұрын

@toto po there's always risk regardless but how much risk you want to take is up to the investor every real investor should know this, the problem is we got Alot of people talking crap about stuff they don't know.

@Zack_Wester Жыл бұрын

@@totopo5226 the risk is that the market is not healthy and this investment tips only works if the market was healthy.

@A.I.- Жыл бұрын

1+1=2 No amount of different strategy is going to change that. If your debt exceed your capacity to service your loan, its game over. Math don't lie, people lie.

@elizabethblane201 Жыл бұрын

@@totopo5226 We're negative because we've been there, done that, and gone broke trying it in a collapsing market (think 2008), so we see what about to happen again with all the overvalued properties and FOMO out there. Watch out!

@johnpetterharam8367 Жыл бұрын

"And thats how i made INFINITE debt"

@sdestructor185 11 ай бұрын

I mean yes , you should prob see and ask millionaires they are never trying to get out of debt like normal people they just look for more debts which eventually becomes passive income and the u chilling

@hopeseekr 9 ай бұрын

@@sdestructor185 Exactly. Only poor people try to get out of debt.

@cubanthunder69 7 ай бұрын

Uh yeah, if you understood money you would know that leveraging debt is much more advantageous than spending all of that capital out of pocket

@tigerstallion 7 ай бұрын

"and that's how I work for the bank as a property manager"

@Mario-dd3oi 6 ай бұрын

@@cubanthunder69only bad thing is that this strategy only makes you 200-300 dollars in each property do you really wanna be in debt 400-500k to make 200-500 a month reason why is bc the refinance and All that brings your payment high your house can only rent for so much that’s what people don’t take into consideration a lot of rentals dont even make sense buying

@eddiethecounsel 2 ай бұрын

Most people don't realize how difficult it is to rent out a property and how much work it takes. It's risky business. Your tenant might not pay you on time. And you need to pay mortgage.

@TheKIDmotovlogs 5 ай бұрын

Leverage is risky. Be careful out there.

@pineapple6350 Жыл бұрын

Yea all you have to do is buy a property and fix it up💀

@professorjack2099 Жыл бұрын

Lmao and before 2020

@kaeji_namitsua Жыл бұрын

Not worth it. New laws in Europe wont allow you more than one housing property. New houses and old ones need to meet new energy standards. Guess whos preparing to buy all those worthless homes and make them into apartments and luxury villas?

@GrimboBagworth Жыл бұрын

@@kaeji_namitsua the IMF

@StonedAlone Жыл бұрын

@@GrimboBagworthwho is IMF?

@21stWallStreet Жыл бұрын

@@StonedAloneimpossible mission force