Dion is different. He doesn’t want to be huge. Biggest bang for the buck.
@DionTalkFinancialFreedomАй бұрын
Thank you. Exactly 😀
@lz6364Ай бұрын
I really love his laid-back, modest approach. Nothing wrong with being big, but I love that he knows how he wants his love to go (god-willing). A comfortable life 😊😊😊:)
@janitoronfireАй бұрын
@@lz6364 👍
@janitoronfireАй бұрын
@@lz6364 Dion has way more than I’ll ever have and I’m still comfortable with what I have. It’s all about perspective.
@evstafievcoachАй бұрын
I’m 45 in debt and this video is very inspiring! Damn youtube algorithm is good! 😂 Thank you the inspiration!
@DionTalkFinancialFreedomАй бұрын
Thank you. You’ve got this.
@davidstephens9594Ай бұрын
When I was calculating to see if my rental cash flow was enough to leave my W2, I also looked at the ability to focus my time more on growing the rental portfolio. So my cash flow wasn't twice as much as my W2 take-home like Dion suggested, but I knew that the time that I was getting back would allow me to 10x what I was making from my W2. For me, the time was more valuable than waiting to save more money from my W2. Thanks
@DionTalkFinancialFreedomАй бұрын
That’s an awesome perspective
@jarodfranklin1081Ай бұрын
Dion is the man! I watch everything he drops!
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@soundsnags2001Ай бұрын
Always learn so much from Dion
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@edgonzalez186Ай бұрын
This was GREAT. No BS and very relatable. Thanks to this man!
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@Noah_BaconАй бұрын
Thank you for joining, Dion! It is always a real pleasure to chat with you my friend!!😄
@DionTalkFinancialFreedomАй бұрын
Can’t wait to see you host more episodes. 😀
@miguelsaltyАй бұрын
Dion is a great investor, I enjoy his videos and the live streams
@DionTalkFinancialFreedomАй бұрын
Thank you. 😀
@BT-jt1djАй бұрын
Same same
@PS3PS3PS3PS3Ай бұрын
Dion is by far my favorite! Very simple strategy with low risk! I have no desire to own over a hundred units... I just want really good cash flow from the properties I own and purchase!
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@OldGuyREIАй бұрын
Dion should have a mentorship program, oh wait!, he does... He's a great teacher!
@DionTalkFinancialFreedomАй бұрын
Thank you. Love your Van confessions videos. 😀
@OldGuyREIАй бұрын
@@DionTalkFinancialFreedom Thank you That's my reflection time.
@JulioSilva-mt4rwАй бұрын
So pleasing and easy to understand ❤❤❤
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@steven_dekokАй бұрын
Inspiring video!
@DionTalkFinancialFreedomАй бұрын
Thank you. 😀
@jod5834Ай бұрын
Thanks Dion!
@DionTalkFinancialFreedomАй бұрын
Thank you. 😀
@Ms.K001Ай бұрын
Dion rocks! Love seeing how someone coming from his position can become so successful 🎉
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@rubayyatkhanАй бұрын
What do you tell someone who says “putting 5% down payment with 7% interest rate you’ll never cashflow”
@Noah_BaconАй бұрын
Great question! I would say having a long term outlook on your investment will be your best bet. With rates being higher than the general populations normality of around 5%, you will need to reset your expectations of immediate return if you find a deal that has a price point not reflecting a cashflowing property. There are certainly deals out there that cashflow today with rates at 7%. Though you may not cashflow from day 1, analyzing your deals over a 5+ year horizon with opportunities to leverage your debt to 95% is a recipe for success in my opinion with rates where they are. You can reduce your expenses by house hacking at 5% down, have the ability to heloc/refinance in the future, see your property values increase, and then reinvest the capital creating infinite returns with your initial deposit growing exponentially. Don't let higher rates scare you from getting started!
@doingcodythingsyoutubeАй бұрын
Nice job Dion!
@DionTalkFinancialFreedomАй бұрын
Thank you. 😀
@buzztune-ft6lcАй бұрын
His passion for helping others get started and to retire early is huge. He answered all my questions on his livestreams on Tuesdays. Look forward to being in the graduate class of 2033
@DionTalkFinancialFreedomАй бұрын
Thank you so much 😀
@PlayYourSongzАй бұрын
Great video.
@DionTalkFinancialFreedomАй бұрын
Thank you. 😀
@sidshri6080Ай бұрын
Thanks Dion! I only make 200$ after mortgage PITI, HOA, hvac and other expenses (winterize, etc). I even cheaped out by not having termite insurance. How do you make 16000$ from 16 units? Blows my mind
@DionTalkFinancialFreedomАй бұрын
A few reasons. 1) I recycle cash flow not capital. No heloc. No cash out refi. Never sold to 1031. 2) the binder strategy gets my tenants to ask me to raise the rents. 3) time. The first duplex has had ten years of rent ent appreciation. The next had 8!etc. 4) I call each year and find the best insurance quote and keep my deductible as high as possible. 5) I invest in a HCOL area so each unit cash flows more (but takes a larger down payment)
@laurasamaniego5937Ай бұрын
Great content! So inspirational and educational. My takeaway: Househacking 💯, Get property insurance quotes every year with the highest deductible. By following these tips from Dion, I have saved so much money. His binder strategy helped me increase by cash flow💸 tremendously. I can't thank Dion enough for taking the time to share his knowledge.
@YusefWakeelАй бұрын
How risky is it to get a duplex as a first property instead of a single family home? Would renting the rooms out individually still work for a multi family property or does this work better for single family properties? I’ve found two duplexes in my area. Both are under 400k and have 6 beds 4 baths. I make 70k, have 20k in HYSA, 20k in retirement accounts, no consumer debt, and 700+ credit score. I’m single so I’m flexible with where I live and who I live with. Currently I live at home so no rush, but in the long term definitely want property.
@mr.harris756Ай бұрын
How come he was living in a nice house with basketball court tennis court lake boat making 17 an hour am I dumb or something?
@DionTalkFinancialFreedomАй бұрын
Middle of absolutely no where lol. Yelm wa. Purchased for 98k in 2000. Long before deciding to try owning rentals.
@DionTalkFinancialFreedomАй бұрын
And purchased when I made more. The $17/hour was after getting paid off from being a cop.
@daniels331825 күн бұрын
Dion, can you please mentor me?
@BanksBandzАй бұрын
The lazy investor 🔥
@DionTalkFinancialFreedomАй бұрын
Exactly 😀
@BanksBandzАй бұрын
@@DionTalkFinancialFreedom 16k a month, my inspiration!
@RedBzerkrАй бұрын
7:05 Miss opportunity to ask about the infamous DION'S BINDER STRATEGY™ still a good vid tho