Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

Very true, despite having no prior lnvesting knowledge, I started lnvesting before the pandemic and pulled in a profit of approximately 950k that same year, In reality, all I was doing was getting professional advice.

How can I participate in this? I sincerely aspire to establish a secure financial future and I am eager to participate. Who is the driving force behind your success?

I'd say a little due diligence on "Dianne Sarah Olson" truly exceptional...

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

Will Motivation wish I could

I am planning to buy this year, however, I want to take my time. The market in NC especially Charlotte is so competitive. I am looking outside of this area.

@@sha_la007 look into the smaller areas...

@@keyroncampbell thanks! I have been. Places are going so fast and they are also over priced.

@@keyroncampbell thanks you so much for the advice!

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

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

ANGELA LYNN SCHILLING is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets

My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

Good tip. Thanks!

Is that a Jim Kwik quote?

Ok imma reading how to friends right now

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Teresa Alice Butler 🙏

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

I have made more than 90K USD God bless Teresa Alice Butler God bless United Kingdom 🇬🇧

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

Thank you Teresa Alice Butler $45,000 weekly Profit regardless of how bad it gets on the economy.

He will tell you how to budget your money every bill sent to renters.

@@dillonh321 why would he do that? They'd just take the advice and buy a house and now Dave needs new tenant

His son-in-law manages his rentals. I highly doubt any of his tenants have any direct contact with Dave. Dave’s got his hands full helping change America‘s finances with Ramsey solutions.

@Jumbo Palumbo OF course he is...he doesn't TAKE EXCUSES!!!... Dave; "I'm here to get the rent check....it's now past due...." Tenant": " But Um.....I don't um have it...um...My other bills....UM....my car payment...Um....." Tenant is clutching the latest I-Phone with data plan, a leased luxury car in the driveway, Satellite dish on the roof..... Dave: "I'm here to post a three day notice......better start packing or...call the Wahm-bulance!!!!!"

ienjoyapples He isn’t a landlord technically. He pays a management company to do all the dirty work

Same

It sucks you have to be 18 😢

@@MBATheGreat save ur money and when ur 18 it will make the process easier

Good job! I recommend saving for college first, then once you’re out of college (if you choose to go) THEN start investing. Taking out loans for college is the anecdote of investing

Wait do you have to go to college to get into real estate ??

Rachel Lawrence Rich Dad is way better

I make over 10 000 USD each month thanks to FRO ZEN PA.C OM

Yeah fr . Cuz everyone else are losers fr lol

Others only see money not a helping hand ✋🏽

@@phazon100 Rich Dad? Way better? Where's his company now?

I live in Philadelphia 🙂🙂

Thats great. What part of Philly?

Iceberg Slim west philly

I got it near LaSalle University. One of the few areas in Philly you can still get a good deal on property with some land on it.

Sav Bee can you tell me step by step what u did ? I wanna start . I would appreciate it. Like how much money should I save up , where should I look etc??

This

This is the most realest comment I’ve ever read on KZfaq. Real estate agents don’t have a clue on the true value of a property and usually could care less about getting top dollar. They sometimes if not always collude with the other agent on how to best get the deal done. They are operating from their own self interest. Believe me when I say that.

Buddy they dont even care about selling homes they're the laziest people on earth you have to do their job got them most of the time

That's not true, quite a few realtors I know do real estate investing themselves on the side.

I now some on both side of this. I am one who is interested in investing and working with investors. But that's not everyone in the business. I know plenty of people who are just trying to make the next deal happen as soon as possible.

You're right I myself started out as a speculator

Many smart investors have lost their fortunes in the stock market through speculation although many have done well for themselves

I started investing my money with Mr Harrison he's the best person to invest your money with, he makes me good returns weekly

@@jrnycrypto9866 Mr John Harrison also helped me invest my money the right way, he's the best so far, I make great returns weekly

I can also attest to Mr John Harrison skills in the forex market he's a great trader and a mentor to me and my daughter

Nice way to talk your self out of making extra money.

Thats why you do a background check and get their ss# in advance

I think it’s fair to say 95% of people live paycheck to paycheck. Investing in real estate is one of most sure fire ways to grown exponential wealth. Also, investing is INVESTING. Unless you’re actively trying to flip a property then it’s not a get rich quick scenario. Growing wealth takes time, especially if you don’t have a large income.

"House hacking" lol

Apophis PNW ^* DlLDO But

Exactly

Remember guys the max you can get with a conventional loan is 4 units. The more the better I say

Why only two when you can probably get something bigger for around the same amount and rent out more space and earn even more money?

No. Get the agent to represent your not the seller. This is the important start.Secondly, that agent is no so pushy on you.

@@canman5060 so true! Always get your own agent, so the agent will work for you best interest!

Every agent I have ever involved in a transaction has ALWAYS abused me, lied to me, robbed me. Learn real estate investing and financing the way professional real estate investors understand it. Agents cannot teach you anything worthwhile. If you cannot make money in real estate without using any of your own money or credit, then you won't know how to make real money with your own cash or credit.

you think hes going to beans and rice it?

zill0678 hahahahah

😂😂😂😂

Why not finance and lease it out🤔

He teaches people how to be safe. The rich know debt is crucial. He is just talking to the financially illiterate and help them out of debt. Some people can’t handle leveraging debt. But if you EVER plan to be wealthy you will have to at some point.

Plenty of different lending options, don’t just rely on standard bank lending options.

Hey Chris, this video is you!

Just keep on knocking down the price till the return meets your expectation for rental property. That's all it is !

Buy distressed properties and foreclosures

Suzanna S. Love LinkedIn learning. Thanks for sharing. Was it a free one or one you pay for?

@@j.a.6866 I'm in Canada and can get it for free by going through my local library using the library card. I am truly amazed the amount of info I can get in 1 hour. It really gets the ideas flowing and more.

Money is made when you buy, not when you sell!

Imo that’s thinking too small. The difference or 100-200k for a deal every few years is too little ROI for the effort it would take to find these deals to low ball. Pay what is needed to close profitable deals and don’t waste opportunities. THINK BIGGER!

No agent is going to write contracts like that. You'll have to communicate with the sellers yourself

I bought my house for $73,000 in good condition four years ago with good schools and a great middle class neighborhood. The previous owners had bought it for $88,000 ten years prior. They accepted my ALL CASH low-ball offer very quickly and with very little negotiation. I asked my real estate agent about it and she said cash offers really motivate sellers to accept because it could save them thousands of dollars from not having to pay additional months of mortgage payments while waiting for loan stuff to process. I don't know much about real estate but that seems reasonable.

@@andrewshooter It doesn't take months to close. It takes 30 days. What area for a $73,000 home is middle class?? Must be in the Midwest somewhere in Alabama, Indiana or a rural area.

Yep... All the prices going up in the Atlanta area too.... I'll wait when the market goes down again, it's just a matter of time... The market goes in a circle

@@keyroncampbell That's what I'm waiting on. I'm in Az.

Yup, Hiram/Dallas area still has well priced homes. Alpharetta is inflated due to Avalon and downtown Alpharetta being built up

Great advice

Pretty sure Ramsey would be against financing the rental property.

Yeah, something is wrong with those ratios. Houses are way more expensive now in whole country, and although rent is high, it's not that high in comparison to price of house.

good for you, what investing apps do U use and what would u recommend I’m beginning

@@katelynrenesse4798 well so far no investing apps too techy techy for me..i use an F.A from harvard Mrs Koss. Lucy Maria Koss (look her up) goodluck!

Katelyn Renesse did you get started?

@@isidoramartinez6510 yes i did

Katelyn Renesse any recommendations? Suggestions

russellion31 I just found out about them which is pretty cool so far 😁

The Bigger Pockets website has some good books and book recommendations as well. There is some information that i don't agree with because it falls outside my personal risk tolerance, such as H.E.L.O.C.'s, but as a whole, very useful content. Rich Dad, Poor Dad is a great book for those that haven't read it. Good starting point.

First thing i did was cntrl+F "Bigger" to see how many people recommended "bigger pockets" for anyone looking to get into RE. thanks for carrying the torch haha

Good advice, bigger pockets is a great resource

They're pretty good, but they're pretty slimy and constantly brag about the houses they own

What do you do with the property while the process of gentrification hasn't started yet?

You rent it

Kyle Lougnot Yeah. Let's waste 2 years of your life learning a market. If you cannot do it in 4-6 months, you need to stick to your 9-5 and call it the night.

@@ClassicMan33 mcdonalds?

Jennifer Kindle I’m in Atlanta let teams up if interested

But in those areas aren’t you dealing with bad renters? Stone Mountain has some rough spots.

No reply..

@@AlexGray Yeah stay away from the ghetto unless you want to deal with guns, drugs, prostitutes and a broken house

Is Stone Mountain in GA?

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.

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

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

“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

Most clients are not worth the conversation because they want to invest and don't even know what cap rates are, cash on cash return, classes of properties, cap ex, noi etc. And there is no finding good deals in this market. If I found something that cash flowed over 10% and appreciated, I would buy it myself.

chrisrefael, Somebody I know had 2 million bought properties with 10 million, in 2008 downturn went bankrupt. Moral of story, do not bite more than you can chew. 3 to 4 years time, your opportunity will arrived, not now.

The listing agent has incentive to work with you directly. You can get your own agent and cut their commission in half. They will wheel and deal. They also have insight as to the sellers motivation.

Paying cash for a rental property rather than going 75% LTV with a good interest rate and letting tenants pay your mortgage insurance and taxes slows down your real estate growth substantially. Easy for Dave to say pay cash when he’s sitting on 200M

No....

@@TapInWithAshton2214 then what?

@@lukedejong7156 the 100%, not the 20%

Exactly. Or go Dave's way and wait until you're 50 and have enough cash. Should be pulling even by the time you're 70! Well on your way!!

not all agents are "created equal"! I know tons of inexperienced agents trying to learn as they serve clients.

Which books?

Libraries are also free...

Amazing to see another who invests with expert Paul Democritou. I and a colleague of mine invested $100,000 each into our portfolio and he doubled it after first 3 month. He is finally getting the popularity he deserves! Great man

I can see you know about him too. Having assets and not being able to profit from them can be very frustrating, big thanks to Paul Democritou, as I make huge profits trading with him on weekly basis. He's definitely the best.

I recently inherited some money, I've got quarter million to invest, but I want to ensure profits. Love to give him a try

Well, when it comes to long term investment and increasing one's position with time, the person for the job is Paul Democritou Check him out. No doubt!

This is not the first time I'm hearing about Paul Democritou and his exploits but i have no idea how to reach him.

@Austin Butler If you understand real estate financing and the Time Value of Money, then you won't need a down payment or credit.

Good luck with that one

That is my plan money. Like Ramsey said you have got to know and understand the market. I live in the Washington DC area and people pay good money to rent.

If you raise rents like that you will have a much higher turn over which could end up costing you more. (Lost month, repairs, ect).

I look for a house that pays 2% of cash i putt in it a month 100k=2k/month ~12% a year -running cost -loans on it. Hoppe it helps some one.

Enjoyed the video and content :-)

How did you get started en route to your first rental property with no prior experience?

What app are you using?

Jeff Bower, I bought a house with a huge garage and turned garage into 2 bedroom and 2bath, 1 property tax and 1 insurance but 2 income. Just for info

How about giving crowdfunded real estate a try... Much better and easier

30? That's a lot, how?

I buy rentals duplex’s 4plexs and drop 25% down with conventional financing for the rest. I hold these properties not looking to flip but to gain on rental income (cash flow). A typical deal would be finding a duplex for 130k with minimal repairs needed and rent each unit out for 800-950.. after mortgage bills etc you’ll profit about 10-12 grand annually off 35k initial investment

@@angelzanetti-1947 Really smart way of doing things, thanks for the insight man

@@angelzanetti-1947 leverage....it's where Dave and I disagree. You get phenomenal returns because you (smartly) leverage. Well done.

Agreed

They're not talking about renovating houses, but instead buying them to rent out to others

Flipping is a job. Rentals are passive. All you really need are a few 8-12 plexes before you're set for life.

this is what my grandparents did and have paid for their retirement with 8 properties.

ugh the struggles of living in LA

Yes thats the case in many expensive areas. Do not buy those properties as investments

Benton Tong Many places in Cali are like this! Your strength is the appreciation is MUCH higher than other places. Some real estate investors buy a place which market rent doesn’t even cover the MORTGAGE. It’s still a good deal because 5% appreciation on a million dollar property is worth the small monthly loss.

My $280,000 house here in Arizona will only rent for approximately 1700-1800 a month. The 1% rule sounds like it may only be a staple in certain states.

Jonathan Brown states differ. What is expected annual appreciation?

Stocks are good but crypto is more profitable I wanted to trade crypto but got confused by the fluctuations in price

Bob Langworthy Dave *breathes heavily

💯

Agreed. That is an unbelievable margin. Here In Virginia that is literally impossible.

Waldemar Wagner what about the fact that you WILL miss out on profitable deals?

sale prices on real estate always fluctuates but rental prices have always throughout history had a steady rise. Even in the dot com (1999) and the stock market crash (2008) we can look online how all the houses values drop, but rental properties actually raised their average rates during the same time frame. If you plan to resell immediately, i'd agree its a bad investment, but if you just want passive return on investment, its not a bad option. just my opinion, hope it highlights something that you werent looking at.

Awesome! Congratulations! what area and price

@@SRC503 ridgecrest CA!

That's great....very exciting !!! Congrats

Knockout Investing, Who's theory is a primary residence is a bad investment? You yourselves makes a god tenant! What you need to do , is not to be attached to your residence, treat it like a temporary dwelling till you are arriving to your dream home. Moral of story, buy low , sell high and not get over extended.

Judy Mckee hey. How can you buy low? Do you buy foreclosed? I'm looking to buy a house soon

@@giggityeffyou , Just to let you know that foreclosure means the banks rep. has gone to court and bid on their own property.( translate, selling higher price to the public). You can buy on sheriff sale or tax sale( the people that did not pay their property tax for 3 years). I am not a financial advisor, but in my opinion, the housing market is over extended. I think you can have a good buy in 2023. With store closing ( translate high unemployment), inflation ( people having to pay more for basic, some cannot even pay their mortgage), no pay increase. I think you can go to Zillow and check some properties and keep it in your radar. See, how long it is in the market for, especially after spring. You can get a feel of , how good and bad it is. You don't have to listen to me or media that is how , you get very accurate data. Sometimes people take it off the market, to not show the length of time, that it is not sold. In the downturn , you can buy sometimes less than 10% of the cost. I have done that before, at the right time and place.