I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20,000 per yr through my business. I realized that the secret to making a million is making better investments.
You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Credits to *ROCHELLE DUNGCA-SCHREIBER,* she has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....
Hey MG this Patrick Davis from Washington DC. I just wanted 2 personally express my appreciation 2 you & all of your team Eyl University 4 taking the time out & sharing with all of us all of the knowledge & extremely important information that had 2 have taken many years of learning & experience 2 be able 2 slow things down step by step 4 a beginner as myself.By teaching in the way that you & your team have done it makes all of this 100% easier 2 understand thanks again me & my team will definitely me contacting you soon . I'm definitely buying your book
This must be an investment with Mrs Charlotte Junko Walsh ,after I came across trading platform of Mrs Charlotte Junko Walsh my financial life has totally changed.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States 🇺🇸. I started with $4,000 now I earn up to $13,000 a week. God bless Mrs Charlotte.
Such kind of information we don't get from most UA-camrs, I just looked her up on google and she's a licensed broker, I am contacting her right away, thanks.
#AskMG Thank you for the continuous 💎s. Can you go over purchasing a new build? Things to look out for, things to ask, the process, anything you can share. Most of your content seems geared towards resale homes. Thanks in advance!
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
First I apologize if this sounds a little whatever, but I am just starting to go through the NACA home buying program , This is my first property and I am going to get a 2-4 multi unit. Does this rule apply to me also? Thank you in advance for the information.
When you included the owner occupied unit with the others does this determine the mortgage on the whole property? Is the landlord still able to determine what the rent will be for each unit?
Thanks for putting out this content. I was recently approved by Marsha Morency for FHA (when she was still with you guys). She waited until I had a desirable property to then explain the self sufficiency rule for FHA. If you're approving someone for 3-4 family this is something that should be explained as soon as the approval letter is given so that the buyer has a clear understanding of what they should be looking for with regards to rental income. Wasn't sure on how those actions should be perceived. So I thank you!!
I 10000% agree with you. This should have been discussed as part of the initial consultation. Whenever you're ready to get a deal done I'm here to help. Email garlandgroup@unmb.com and I'll take care of you
Hello I reached out to the number that you provided and someone replied with solicitation of Cryptocurrency. I thought you wanted to assist with my real estate goals not train on Cryptocurrency.
Does the self sufficiency test matter if I plan on living there with my income too? For example if after all is said and done the test estimates me at 1,000 of NET rental income a month and because real-estate is so expensive in my area the loan amount after everything is $1,250 a month. But I plan on living there for a while so my income for the property would be $2,100 because of my own $1,100 income. Am I understanding it wrong?
Thank you for this information! I wish Ihad this information prior to purchase. What is your recommendation and/or advice for correcting your numbers if you exceed the 100% after purchase? 😬
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
Just curious, I hope this isn't a dumb question... But why wouldn't a deal be a good deal if you pass the FHA self-sufficiency test? I will definitely purchase your boos "House Economics". Thx for all the great info👌
Because if you are only positive by $1 in the example he gave, where is your room for repairs that will come up. Addtly positive cash flow for your pocket. It's superb to have the mortgage paid but aren't we in this to make money as well.
I’m trying to buy one to rent not live in married with 2 kids primary house is 2600sq ft can’t move us into a unit in a triplex I want to buy Any advice ?
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
That's not enough money to support the upkeep of the property. If there is not at least $1000 in your pocket every month then forget about it ! This guy is not realistic !
I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20,000 per yr through my business. I realized that the secret to making a million is making better investments.
You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Credits to *ROCHELLE DUNGCA-SCHREIBER,* she has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....
Thanks so much I was able to find her page and I already leave her a message.
What kind of business do you do
Goals I plan to retire at 55 I’m 40
I’m buying a duplex but this was still helpful!! Never considered the 25% vacancy. I have mine at 16% since it’ll be owner occupied and less units.
Glad I was able to get into multifamily with very little down.
Hey MG this Patrick Davis from Washington DC. I just wanted 2 personally express my appreciation 2 you & all of your team Eyl University 4 taking the time out & sharing with all of us all of the knowledge & extremely important information that had 2 have taken many years of learning & experience 2 be able 2 slow things down step by step 4 a beginner as myself.By teaching in the way that you & your team have done it makes all of this 100% easier 2 understand thanks again me & my team will definitely me contacting you soon . I'm definitely buying your book
Me too! I'm buying both books! Knowledge is Power, right?
You are so POPPIN. Thank you for all of your knowledge MG!
TY and you're welcome
Can you do a video about someone who already owns a 4 fam and wants to buy another property
Investing appropriately today can save you a whole lot of stress in the nearest future
This must be an investment with Mrs Charlotte Junko Walsh ,after I came across trading platform of Mrs Charlotte Junko Walsh my financial life has totally changed.
Same here, I earn $17,000 a week.God bless Mrs Charlotte, she has been a blessing to my family.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States 🇺🇸. I started with $4,000 now I earn up to $13,000 a week. God bless Mrs Charlotte.
Such kind of information we don't get from
most UA-camrs, I just looked her up on google and she's a licensed broker, I am contacting her right away, thanks.
I totally agree!
MG!!! My wife and I are looking to buy a duplex to house hack in..we are in the DFW area!! All thanks to you for providing valuable info brother
My team can help you when you're ready. Apply with Mg.com
also in dfw looking in arlington for a duplex. remember the triplex and quad require 3-5 months of cash reserve
❤❤❤❤❤❤❤ Yesss Thank you kinG so much. You got the keys, giving keys to uS.
Thnks .. perfect timing. My goal next year it buy a 4 family 🔥🔥🔥🔥🔥
Is there a home buyer programs where u dont have to live in the property?? Im in ny want to buy property in another state.
#AskMG Thank you for the continuous 💎s. Can you go over purchasing a new build? Things to look out for, things to ask, the process, anything you can share. Most of your content seems geared towards resale homes. Thanks in advance!
Is the self sufficiency test the same as figuring the cap rate ?? Bless you MG
MG going crazy with the uploads!! 🔥🔥🔥🔥🔥
Videos everyday 4pm est. I'm just getting started 🙏🏽💎
Thanks for the great info!
Pray for me to get awesomely familiar with this formula. Thank you.
❤ appreciate all these jewels 💎 my brother 👊🏾
For me conventional is significantly better, since after 20% down no mortgage insurance and with fha you pay over the whole lifetime of credit
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
Thank you so much for the valuable information you always share.
First I apologize if this sounds a little whatever, but I am just starting to go through the NACA home buying program , This is my first property and I am going to get a 2-4 multi unit. Does this rule apply to me also? Thank you in advance for the information.
When you included the owner occupied unit with the others does this determine the mortgage on the whole property?
Is the landlord still able to determine what the rent will be for each unit?
Only 75% of the rental income will be included. So the owners unit won’t be included. The appraiser determines the cost of the rent.
Much needed info
How can I use this method using my va and I’m disabled vet.
Hours later learning this.multi family investment property wont work in New York!? 😢
Great info MG!
Wish I knew this 6 months ago. I was buying a three family and it wasn’t self sufficient. Attorney still holding my downpayment smh!!
What do you mean self sufficient?
Thanks for putting out this content. I was recently approved by Marsha Morency for FHA (when she was still with you guys). She waited until I had a desirable property to then explain the self sufficiency rule for FHA. If you're approving someone for 3-4 family this is something that should be explained as soon as the approval letter is given so that the buyer has a clear understanding of what they should be looking for with regards to rental income. Wasn't sure on how those actions should be perceived. So I thank you!!
I 10000% agree with you. This should have been discussed as part of the initial consultation. Whenever you're ready to get a deal done I'm here to help. Email garlandgroup@unmb.com and I'll take care of you
@@Mgthemortgageguy I will first thing Monday morning.
Hello I reached out to the number that you provided and someone replied with solicitation of Cryptocurrency. I thought you wanted to assist with my real estate goals not train on Cryptocurrency.
@@cinnamon317ify that’s a scam. MG’s info is listed in the description box or social media.
What's audio?
The screen is black. We cant see you or the slides.
That's only on your end you can see the slides perfectly
Does the self sufficiency test matter if I plan on living there with my income too? For example if after all is said and done the test estimates me at 1,000 of NET rental income a month and because real-estate is so expensive in my area the loan amount after everything is $1,250 a month. But I plan on living there for a while so my income for the property would be $2,100 because of my own $1,100 income. Am I understanding it wrong?
no because it is less than the monthly loan payment
Thank you for this information! I wish Ihad this information prior to purchase. What is your recommendation and/or advice for correcting your numbers if you exceed the 100% after purchase? 😬
What exactly is 25% vacancy
Do you guys service people in texas ?
Thank you 🔥🔥🔥
💎💎💎 This video ages well!!!
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
Just curious, I hope this isn't a dumb question... But why wouldn't a deal be a good deal if you pass the FHA self-sufficiency test? I will definitely purchase your boos "House Economics". Thx for all the great info👌
Because if you are only positive by $1 in the example he gave, where is your room for repairs that will come up. Addtly positive cash flow for your pocket. It's superb to have the mortgage paid but aren't we in this to make money as well.
Good stuff
Thank you
💎 💎 💎 per usual
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You think buying a house for $30,000 cash with a $400 cash flow is worth it??
Anybody?….
Might want to raise it to 650.00 to see little profit in 5 five years.
Is there potential for future equity growth? Look at the city future plans for the area. As long as it’s not negative I think it’s good.
💎
💎💎💎
I’m trying to buy one to rent not live in married with 2 kids primary house is 2600sq ft can’t move us into a unit in a triplex I want to buy
Any advice ?
💎 💎 💎
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
No
❤
💎 💎 💎 💎 💎 💎 💎
That's not enough money to support the upkeep of the property. If there is not at least $1000 in your pocket every month then forget about it ! This guy is not realistic !
No it’s not
Yippeeeeee
💪🏾💯😎
💎💎💎💎
$1 short per month is not self sufficent? You cant go out n collect cans and make up the difference?😅
😂😂😂 I'm so done!! I love the way you think you don't over complicate stuff😂😂 best thing I heard to make money free
Great information!! Thank you!!
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No
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no
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no
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no