Відео

Hopefully you’re still active on here my mortgage was sold then they just up and changed my due date can they do that without consent or notification?

I need this same video again,using the other loans🫡🫡🫡🫡

I dont quite understand how the math works, maybe somebody can help? So if I buy a piece of land and build a fourplex on it lets say for a total of 1 mio CAD. and I get 7200$CAD/month for the rent. My yearly mortgage would be 71,510.28$ (25 years at 5.25%). My yearly rental income would be 64,800 (86,400 times 75% because 25% is expenses such as property tax, insurance, repairs, etc.). There is no room there to run for positive cash flow. I calculated it with some other projects and the best I came up with is maybe breaking even at the end of the month. There is no positive cashflow.

Thanks for the video and thanks for the call!

Great info especially in todays market!! I was "lucky" enough to make this work. 780k purchase price, 15% down FHA. Rents were 900 per unit, renovated them and got them up to 1750 per unit. Mortgage of 4.2k, monthly income of 5.2k from 3 units and i live in one!! Looking to replicate this into 3-4 fourplexes!

Thanks for the video! Could you help with something unrelated: I have the OKX Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How can I move it to Binance?

Remodeling a kitchen to a more modern one is better than buying a newer home. If you’re looking for an investment property you better buy right or that investment can actually be a bad one. Don’t even do it for $2-300 cashflow, it’s not worth the investment still.

Can you not use the income coming from the rent on the units to supplement your income as well. Especially if it already has tenants living in it?

Inventory will come once rates are lowered. Theres far more people that need to sell than buyers who can afford these prices..30,60,90 day delinquencies is skyrocketed

You burst a lot of peoples bubbles with this video😂

I like this a lot! I do this at one of my properties by Investing like a pro in multifamily real estate! It is life-changing and generational wealth-creating.

Music is waaay too loud. Hurt my ears.

Can’t you use potential rent as income for qualification ?

Refi

equity

If that property has a pool being in Vegas you would be paying way more than 1200 a month more like 15 to 18 and being in a nice area with certain amenities that would be great investment but hoa fees are very high avoid that shit

The value of it is simple. If you don’t want to pay the buyers commission sure! Thats totally fine. However you better be okay with WAY less people viewing your home. You will have much more offers to choose from and more people will view ur home. Most buyers can’t afford a buyers agents commission so they will immediately filter out homes that require the buyer to pay it

He touched on it a bit but every mortgage company is different. One I am looking at allows you to use 75% of gross rents to help you qualify for the loan. So in that case you don’t have to qualify for the loan solely off your income. Just different examples out there! Thanks for the video.

Great insight! FHA loans can be a game-changer for purchasing a 4-plex. Looking forward to learning the key details and truths about using them for multifamily investments! 🏠🔍

Whats the software you’re using to compare the houses?

Great thinking and advise as always👍🏼🤙🏼

Sean you had me at "I wouldn't right now pull money for better kitchen", you are the first one that kept it Real and I love it!!. Sean you're one of the good people in the business out here in these streets lol 😃 What's better for my husband is to do a cash out Refi., So for now we will wait and in the meantime take care of our Debit Ratio, LTV, Credit score so we can meet all requirements with no problems. Thank you so much for your honesty and help.☺

I can't believe Toll Brother's thought someone would pay over $3 mill for that penthouse. It is very nice, but no way near $3 mill. I know this video is from 3 years ago, but it's crazy people were getting hoodwinked into paying crazy prices for real estate during the pandemic. Now prices are going down and they are still too high. A market correction will happen soon. Prices are much higher than historically over a short period of time.

Nothing better than investing in Multifamily Real Estate. I have bought dozens of properties by adding value and trading up.

Can u heloc an FHA loan?

Cus nweys , my husb can’t catch up with our expenses . So why not refinance agein and pay offfy husb credit cards nd our 2 cars ? Or consider consumer proposals ?

I want to stop this reverse nd just put it back on d regular mortgage

We’re on our reverse mortgage started 2021! Which I don’t really like this reverse , it’s only my husb decided this nd when he tells me not even consulting me 😢 no choice but to sign .

What software are you using???

This was awesome looking to move from Hilo

Good information, but imo overly cynical. You are definitely correct that not all FHA fourplex deals are good deals. But it’s been all the buzz with these “influencers” for a reason. With the right property, buying a fourplex with an FHA loan is a great way for a new buyer to break into the market and start building wealth. Saying that only putting 3.5% down leaves you with a huge loan amount is right, but most of it is being outsourced to your tenants. Your whole video from the start is extremely pessimistic. Even though you may think first time home buyers need a reality check, they also deserve to hear an optimistic perspective towards real estate investing. Saying “that’s going to be hard for a lot of people, you’ve gotta be making pretty substantial money”, isn’t what I expect to hear from someone who wants to see others succeed. We already know it’s going to be hard, that’s why we’re on UA-cam looking for information to help us through our journey. I’m new to your channel and maybe you have other videos where you’re both realistic and positive, but if this is the first video someone watches. Definitely not a tone they’d want to be hearing regularly.

What other communities around Summerlin would you suggest? better bang for your buck?

Do you have to go through the whole process like a HELOC?

house hack with family or friends.... helllllll no!!

Run the numbers for Bayville nj

It’s well known that the more expensive places generally don’t get great cash flow . Everyone says you need to find a cheaper one

I’m a real estate agent here in Florida and I have two clients that have just under a 620 credit score what bank could I get them approved for a mortgage loan with

When you cash out refi do you always refinance at the current rate? Or does it only go up a few points

Is cash out refinance and HELOC same thing?

Is there anyone that offers a cash out refi in less than 6 or 12 months?

Would have been nice if you showed an example where it makes sense. 600k+ is way more than in my area.

I have just found your video. I wander if I could ask you. I did cash out refinancing last July 2021 with only 1.99% fixed rate for 15 yrs. Now, Im thinking of doing home equity loan vs cash out refinancing toget at least $130,000 to pay off credit cards and my 2 sons college tuition. My home value is double now from $575th to 1 mil. please tell me which loan should I take ? But, with high interest rate, I do not want to lose my current 1.99% rate. Thank you so much for this educational video . I only want to pay any loan for max of 15 yrs

Cher bro I was looking at different options and I thought about getting a cash out refinance loan to pay off my New Zealand mortgage $55,000,00 plus early repayments and using some of my equity of 40% witch is $190,000,00 so after paying off the old mortgage $55,000,00 plus and using the rest of the money buying a house in Australia and having a bit of extra cash out to pay for my family’s new adventure. So myself or a broker or someone from your team could help us with the paperwork and fax and details and times and dates. I would like to say hello to you and your team . 👍👋🙏

*PromoSM* 🤗

I'm looking at getting a home equity loan I owe no money on the house in the house but it's an old house that needs a lot of work would it be hard to get a home equity loan

Wow ❤

We thinking about to get one. Thanks for the info

I’m 100% and I was told I have to put down the 2.5%

You dropped some gold Nuggets here sir! I'm looking at a Quad and no idea I needed to qualify for the entire purchase sans rent!