How I'd Invest in Real Estate From Scratch (in 2024)

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  • Опубліковано 7 сер 2023
  • ✅ ✅ Attend our FREE "How to buy your first rental property masterclass" to learn how to start investing in real estate in 2024: www.goodsweethomes.com/how-to...
    I've always talked about the benefits of real estate investing because it's the main way that my net worth has significantly increased.
    But times are different now compared to when I started, and I constantly get asked what I would do if I had to start all over today.
    So in this video, I'm going to share with you my tips on exactly what I would do to start investing in real estate in 2023!
    --
    ► Get up to 12 FREE stocks worth up to $30,000 by opening an account with Webull and depositing at least $100: a.webull.com/i/SeanPan
    Visit our Website! ► www.goodsweethomes.com/
    Follow on Instagram! ► / seanlovesrealestate
    #realestateinvesting #realestate #realestateinvestor
    *Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites. The information in this video is accurate as of the posting date but may not be accurate in the future.

КОМЕНТАРІ • 227

  • @seanlovesrealestate
    @seanlovesrealestate  4 місяці тому +1

    ✅ ✅ Attend our FREE "How to buy your first rental property masterclass" to learn how to start investing in real estate in 2024: www.goodsweethomes.com/how-to-buy-your-first-rental-property-masterclass/

  • @JalenBooekr
    @JalenBooekr 13 днів тому +150

    I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

    • @GeralynWinnifeld
      @GeralynWinnifeld 13 днів тому

      To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.

    • @tahirisaid2693
      @tahirisaid2693 13 днів тому

      Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.

    • @EmiliaGeelan
      @EmiliaGeelan 13 днів тому

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

    • @tahirisaid2693
      @tahirisaid2693 13 днів тому

      Angela Lynn Schilling 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..

    • @EmiliaGeelan
      @EmiliaGeelan 13 днів тому

      I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

  • @epictetus3406
    @epictetus3406 10 місяців тому +19

    Would love to see some numbers on your properties - cash on cash return, cashflow, maintenance, capital expenditures etc

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +1

      I have an upcoming video for my airbnb. This might be of help where I talked about my fourplex deal - ua-cam.com/video/2Kt6CUJu4jE/v-deo.html

  • @angelsinvestmentgroup
    @angelsinvestmentgroup 7 місяців тому +15

    It has to be said that as long as space remains limited, housing will always have value as a hard asset, so no matter when and where you begin investing you will see benefits, and even if the market's in a choppy state and you do see some minor losses, the lessons you'll learn throughout your investment journey will be worth the downpayment.

    • @seanlovesrealestate
      @seanlovesrealestate  7 місяців тому

      Very well said! 💯

    • @CommanderRich
      @CommanderRich 5 місяців тому +1

      Simply just not true. You can own a house but its not an asset unless its making you money.

    • @MrJosh066717
      @MrJosh066717 Місяць тому

      @@CommanderRichrich dad poor dad approves this message

    • @CommanderRich
      @CommanderRich Місяць тому

      @@MrJosh066717 thats where I got it from lol. Read that book awhile ago and have been tryna learn since then

  • @Mavis-Jason
    @Mavis-Jason 6 місяців тому +5

    *Amazing content. You are still the best! It's been a year since I found ways to improve my finances and by working with a recognized professional, I was able to achieve financial independence. I have to say this; “As long as you have determination and work hard, you can achieve anything you set your mind to.”*

  • @thewilliams-
    @thewilliams- 8 місяців тому +31

    The only thing one can do in a recession is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.

    • @ragabkamel_
      @ragabkamel_ 8 місяців тому +1

      Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.

    • @BlakeMadsen
      @BlakeMadsen 8 місяців тому

      ​@@ragabkamel_ Agreed but I view it this way: If the economy tanks for good, none of this stuff will matter anyway. Just keep buying into the market and as long as nuclear war doesn't break out, you'll be okay

  • @mikef2811
    @mikef2811 7 місяців тому +6

    I think a great way to start is your backyard and garage, especially in areas that are extremely expensive. I am dipping my hands into building ADUs. I am about to finish with my garage, which was converted into a Jr. ADU. My next step is to build an ADU in the backyard. I am located in CA.

  • @Leomcc96
    @Leomcc96 10 місяців тому +6

    I mean if you start up a small business and put 20% into investments then 20% into re-investments in your business and the rest can be for tax and bills and anything else you have to pay for to keep

  • @Scott21
    @Scott21 4 місяці тому +1

    The video was interesting, but I really like the last note

  • @ohmy...9007
    @ohmy...9007 10 місяців тому +10

    Hi Sean, what's your opinion about investing in retirement accounts vs real estate? Did you max out your retirement accounts and used the extra funds for real estate? Or did you go all in on real estate? Would love to hear your strategy

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +10

      Great question! I'm a big fan of all things Roth related and tried to max out my accounts (Roth IRA first, then Roth 401k if possible). Eventually, I started flipping houses and buying rental properties and had to dial back on my retirement accounts. It's good to have a mixture of both. The best part is that I don't touch my retirement accounts at all and they've been growing steadily over time.

    • @ohmy...9007
      @ohmy...9007 10 місяців тому +1

      @@seanlovesrealestate Thanks for the reply Sean, makes sense! I like the idea of diversifying like you suggest

    • @alberto7455
      @alberto7455 7 місяців тому

      ​@@seanlovesrealestatecan foreigners also invest in retirement account?

    • @mikef2811
      @mikef2811 7 місяців тому

      @@alberto7455 Yes, anyone can invest in retirement accounts. Go to a bank, an investment firm, or your workplace.

    • @Momo-96
      @Momo-96 11 днів тому

      You can’t eat your shingles.

  • @breezeadele
    @breezeadele 9 місяців тому +5

    Sean, how do you think if I buy out of state rental property before I buy primary residence? Also, can the income generated by home #1 be qualified for mortgage of future property?

    • @bosellibrothersrealestate
      @bosellibrothersrealestate 9 місяців тому +1

      @breezeadele banks look at your DTI or “Debt to Income” ratio when issuing a loan. The income you generate from the property will most likely not help you because of the debt you carry for that same property. As long as it’s rented out, you can have your debt serviced by a professional servicing company and have 75% of that property's debt removed after 1 year, and 100% removed after 2 years. I own 13 properties and still rent my personal residence so I know the struggle!

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому +1

      It's possible to buy rentals first, but most of the investors I know (myself included) purchased our primary residence before buying rentals. It's a personal choice.

  • @user-ug6lj9fi2o
    @user-ug6lj9fi2o 9 місяців тому +2

    Hi Sean I am just starting with real estate I inherited 3 units in Greece but two of them need renovation, I was thinking of getting 2 small loans for the renovations, and after I am done rent all 3 of them and try to buy a 4th one using the 3 previous as guarantee as well the income from the 3 units to get the loan for the 4th purchase. What do you thing about the strategy? I am not entirely sure about the refinancing method here in Greece but I am still exploring it.

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому +1

      That sounds like a good idea. Definitely speak to a local lender first to see if your strategy will fly.

  • @billbonu1639
    @billbonu1639 5 місяців тому +1

    25 countries ditched the u s dollar last year alone.keep stackin em up!!

    • @bayodaman
      @bayodaman 2 місяці тому

      who cares what they ditch lol. If they aren't rapidly growing and depend on a bunch of US business guess who doesn't give a shit. now you just have to pay a billion v bucks for an iPhone lol 🤡🤡

  • @cesarmurph
    @cesarmurph 3 місяці тому +3

    My aunt passed away, and I inherited part of her portfolio and cash savings. I'm 38 years old, and everyone always tells me to invest. So, what stocks are good long-term investments? My sole big plan is to use my gains to buy a house in five years.

    • @derrickholfman
      @derrickholfman 3 місяці тому +2

      You're lucky, I would use that to invest heavily in tech stocks and dividend portfolios.

    • @thomasbetts01
      @thomasbetts01 3 місяці тому +2

      Don’t come to UA-cam looking for UA-cam advise, instead contact a fiduciary for proper guidance.Don’t come to UA-cam looking for UA-cam advise, instead contact a fiduciary for proper guidance.

    • @derrickholfman
      @derrickholfman 3 місяці тому +2

      Same, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.

  • @rumahjakartabekasidijual
    @rumahjakartabekasidijual 6 місяців тому +4

    Real estate investing: A journey of learning, growing, and building financial stability

  • @LeviForWaifu
    @LeviForWaifu 10 місяців тому +5

    Hey man. Seen a lot of crying about this so please feel free to make a short about this:
    IRS allows a 10k withdrawal from IRA accounts within your lifetime penalty free to be used for purchase, construction or "reconstruction" of first home.
    From one's day job, Put money into 401k and get the company matching, then roll it over into a Traditional IRA (penalty free), then pull it out penalty free to use for home down payment. (You will owe income taxes in the year you do it, no penalty)
    I just did this in Year 2022, it works and is fully supported by TaxAct and other software for reporting what happened.
    Love your channel, keep holding people accountable.

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +3

      That's awesome! I never used this since I wanted to keep as much money in my tax advantaged accounts as possible, but I know several people who have!

    • @LeviForWaifu
      @LeviForWaifu 10 місяців тому

      @@seanlovesrealestate Keeping money in them just means you pay more later... it is LITERALLY the optimal move especially with the whiners crying they don't have down payment

  • @austincook9180
    @austincook9180 10 місяців тому +3

    I can't find your free money quiz that you talked about in one of your shorts. Can you share the link?

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      Hey! Try this link. quiz.tryinteract.com/#/63991a2f324a660016d6e0fd

  • @whynot9421
    @whynot9421 10 місяців тому +5

    Hi Sean! I was wondering if there are any calculators you use to calculate if a property can cash flow. Do you have any that you recommend?

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      You can get mine for 50% off! sharonsean.teachable.com/p/property-analysis-calculator?coupon_code=SEANYT50&product_id=2808384

  • @AprilRae19
    @AprilRae19 Місяць тому

    Great episode Sean 🌟 With today's sky-high interest rates and soaring home prices, your breakdown of entering the real estate market from scratch is super relevant. I appreciate the focus on practical steps like financial preparedness and building a network through meetups and conferences. What would you recommend as the best ways to approach financing options in this high-interest rate environment? Any specific tips for negotiating better terms with lenders would be hugely beneficial! Keep these insights coming!

  • @Zer0ThePlagueDoc
    @Zer0ThePlagueDoc 10 місяців тому +5

    I don't doubt your strategies work, but I see the same thing so often:
    "I have no money, and live check to check.. how can I get a foot in?"
    "Well, start budgeting and begin saving so you.."
    "..assuming you didn't hear me.. I live check to check. Meaning I have no disposable income.."
    I have never found an answer to this catch 22. You need money to make money, but many people can't get out of this spiral. Is there any advice on this conundrum?

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +1

      There are 2 ways to get out of the cycle, but neither are going to be easy.
      Option 1 is to get a higher paying job. Maybe this requires you to go back to school to get trained in a higher paying profession, or maybe you just need to have the courage to ask for a raise from your boss.
      Option 2 is to start a side hustle that brings in more money. Try to do things that are scalable that don't take up more of your time.
      Good luck!

    • @Zer0ThePlagueDoc
      @Zer0ThePlagueDoc 10 місяців тому

      @@seanlovesrealestate So.. success is based on the whim of your boss, or do a side hustle? Best side hustles are illegal. Decent profit per effort put in. The people I work with seem more and more to want to lean into this field as legitimate work doesn't seem to cover their needs anymore. And the payout is much less than the work put in, so it doesn't feel worth it. And the idea of 'start a side hustle'; I love to death. So many people suggest it, but never offer guidance on how to do this, or where to begin, or even decide what you're going to do. Tate, Wallace, Marcus, so many 'inspirational' influencers/millionaires make these comments and never specify anything.

  • @grabthemappodcast
    @grabthemappodcast 3 місяці тому +5

    Your emphasis on community and team-building in real estate investing is spot on. Integration into a community of real estate investors provides support and knowledge-sharing opportunities.

  • @user-bu5fx5yc3o
    @user-bu5fx5yc3o 10 місяців тому +4

    Do you have advice for a kid who wants to be successful in life? Should I keep on learning about investing and business?

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +3

      Don’t stop learning. The earlier you invest, the better. ☺️

    • @basedblueboy8770
      @basedblueboy8770 10 місяців тому +2

      Focus primarily on investments and do your passions as a hobby. I did the reverse and feel behind.

  • @_________________kleiny
    @_________________kleiny 9 місяців тому +1

    Sean how does that work??
    Like you need to put higher down payment then put high on furniture so would get a higher cash flow..

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому

      That's if you go the "fully furnished" route. And yes, it requires more money up front.

  • @edbrown7919
    @edbrown7919 10 місяців тому +5

    What property management do you recommend for the Bay Area? Thanks

    • @Donald-oo2rj
      @Donald-oo2rj 9 місяців тому

      Funding is available for real estate investing?

    • @seanlovesrealestate
      @seanlovesrealestate  9 місяців тому

      My Dad's a property manager, but he's retiring soon. I recommend looking up property management companies on Yelp and Google and calling them to see if they're a good fit for you.

    • @seanlovesrealestate
      @seanlovesrealestate  9 місяців тому

      What kind of funding do you need? (Conventional, Hard Money, DSCR?)

  • @PalAl11
    @PalAl11 6 місяців тому

    I am looking for my 1st investment property. It will be on the coast for peak and off season rental. Looking at possible dipping into and old IRA from an old employer. Know that i will have to pay fees since not of age yet, but i think the return on investment in long run will outweigh the fees for that year. Also, looking at taking out a HLOC to use only iff needed for repairs or payment when vacant. What are your thoughts on both?

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      I think you can roll over the funds into a self-directed IRA and then invest from there so that you don't have to take the penalty (talk to a financial consultant first to see if this is a good idea). Right now most banks are only offering HELOCs on primary homes, but it can be a good tool to have if you need spare cash.

  • @star_platinum2821
    @star_platinum2821 8 місяців тому +4

    if you own 34 units how does the bank keep lending you money , wont your debt to income ratio prevent the banks from lending

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому +2

      Great question! There's a lot of components that go into this so I'll break it down here:
      1) The banks will consider 75% of your gross rents towards your income, so it helps when it comes to debt/income ratio
      2) The bigger limiting factor tends to be the number of conventional loans (10), so my wife and I typically get loans with just one person on the note.
      3) multifamily units (2-4 units) count as one property, so this way, you can buy multiple units with just loan.
      4) After a certain point, you can't get a conventional loan anymore, so that's when you can start looking into commercial and DSCR loans. These have worse rates and worse terms, but they help get the job done.
      I have videos about them in my channel if you want to learn more about them!

  • @calyournnnbroker47
    @calyournnnbroker47 7 місяців тому +5

    This is a really interesting topic! Your content is both enjoyable and valuable! If you want I'd love to collaborate on content that educates your audience about generating passive income through triple net properties. I'm in the NNN property business for over 15 years.

  • @marvinars2274
    @marvinars2274 10 місяців тому +5

    Good vid!😊

  • @Gregfrealestate
    @Gregfrealestate 5 місяців тому

    No matter what is the market situation there will always be a good strategy that we can take advatage. This is a good one!

  • @fusionvideos6288
    @fusionvideos6288 7 місяців тому

    What is your opinion on turnkeys?

  • @builtra
    @builtra 9 місяців тому +4

    I've been following your journey for a while now, and I'm constantly inspired by your insights and experiences. Your videos have been a goldmine of knowledge for me
    One thing that has always intrigued me about real estate investing is what happens after the sale. It's clear you've got the buying and selling game down, but what about the ongoing challenges of property management? Have you ever encountered unexpected hurdles, like tricky tenants or maintenance issues, that really tested your skills?
    I'm also curious if you've ever considered taking your investment properties to the next level with construction or renovations? It seems like a logical step to increase property value, but maybe there are reasons why you haven't ventured into that territory yet. I'd love to hear your thoughts on this!
    Keep up the fantastic work on your channel. Your content is not only informative but also incredibly engaging. Looking forward to your next video!

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому +1

      Thanks for watching! And yes, we've had challenges with some of our properties after we close on them. It's usually based on the tenant pool so one lesson that we've learned is to stay far away from really cheap markets because the tenants there generally create a lot of issues. We remodel about 1 house a year but it is more capital and time intensive. Thanks for your awesome questions!

  • @user-vi9es4ws8b
    @user-vi9es4ws8b 10 місяців тому +6

    Thanks Sean for this video was great and informative :)

  • @learningSpanish_EngSraRamirez
    @learningSpanish_EngSraRamirez 2 місяці тому

    Very informative! Thank you!

  • @Aarrenrhonda3
    @Aarrenrhonda3 3 місяці тому +4

    I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

    • @Peterl4290
      @Peterl4290 3 місяці тому +2

      it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

    • @Mrshuster
      @Mrshuster 3 місяці тому +1

      well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

    • @larrypaul-cw9nk
      @larrypaul-cw9nk 3 місяці тому +2

      Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

    • @sabastinenoah
      @sabastinenoah 3 місяці тому +2

      this is all new to me, where do I find a fiduciary, can you recommend any?

    • @larrypaul-cw9nk
      @larrypaul-cw9nk 2 місяці тому

      VIVIAN CAROL GIOIA

  • @jaxcoraion5295
    @jaxcoraion5295 10 місяців тому +3

    That was amazing

  • @haciendadad
    @haciendadad 10 місяців тому +6

    Have a good property manager is better than having a good property!!!

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +2

      Yup, but it's also a bit of a mix of both. A great manager working on a bad property is also a recipe for disaster.

    • @haciendadad
      @haciendadad 10 місяців тому

      @@seanlovesrealestate I should rephrase this as "Having a good property manager is just as good as having a good property"

    • @ritamc90
      @ritamc90 9 місяців тому

      What do you think about property management software as a compromise between DIY and hiring a PM?

  • @Dashabell.
    @Dashabell. Місяць тому +1

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

  • @RonKahnJR
    @RonKahnJR 7 місяців тому +4

    Thank you for the educational videos!

  • @disneyfan_1237
    @disneyfan_1237 Місяць тому

    Great video. Im 18 and almost done highschool. I don't have a bank account yet so that's where I'll get started.

  • @dingleberrymore9725
    @dingleberrymore9725 3 місяці тому

    Interesting. So this is why people are increasingly being priced out of housing. Because the wealthy who are able to have 34 real estate properties go to markets and states that are cheaper to become landlords, and dry up those real estate markets, gate keeping the middle class. Even once you get past the astronomical increases in cost of living, you have to contend with people who solely focus on amassing as much wealth as possible. Good to know!
    Very informative channel. Subscribed.

  • @verynormalyoutubeuser
    @verynormalyoutubeuser 9 місяців тому +1

    can you make a video about, how we can use AI in real estate. Would you recommend it. Is it better or should we not use AI in real estate

    • @seanlovesrealestate
      @seanlovesrealestate  9 місяців тому

      That's a great idea! We've been incorporating AI for many parts of our business, but we haven't used it for investing yet. I'm sure there are ways to use it but I haven't done so quite yet.

  • @Malikah.of.G.O.D
    @Malikah.of.G.O.D 2 місяці тому

    did u ever goto college for real estate or did you ever take a program that you feel really really benefitted you?

    • @seanlovesrealestate
      @seanlovesrealestate  2 місяці тому

      I went to school for engineering but it had nothing to do with real estate. The best "program" was going to local meetup groups and hanging out with other investors.

  • @footballrules634
    @footballrules634 10 місяців тому +1

    sean i live in perth can you make a video about Australia real-estate

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      Hey, sorry but I only have properties in the US and share what I know based on my experiences.

  • @Chessfish1
    @Chessfish1 10 місяців тому +1

    Would an engineer make enough to invest in index funds and real estate

    • @seanlovesrealestate
      @seanlovesrealestate  9 місяців тому

      Definitely. Although I complain about my old career, it did give me enough to save and invest so that I could eventually leave it.

  • @Raymondjohn2
    @Raymondjohn2 8 місяців тому +7

    I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.

    • @kenanporubsky2122
      @kenanporubsky2122 8 місяців тому +2

      Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.

  • @JimGCoachingClub
    @JimGCoachingClub 9 місяців тому +3

    Your real estate insights are fascinating. Our faith-based channel focuses on Airbnb passive income. I appreciate your valuable insights on the challenging real estate market. Keep up the great work with your educational content! 🙏

  • @noahizquierdo9008
    @noahizquierdo9008 5 місяців тому

    You didn’t talk about fha wld u recommend taking a fha or waiting till u can afford a 20% down payment

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому +1

      Tbh it depends on your situation. You can't get an FHA loan for investment properties (unless you live in one of the units) and the MIP is an additional cost that you'll have to pay for the lifetime of the loan. I'd prefer to put 20% down if I had the choice but it's up to you

    • @noahizquierdo9008
      @noahizquierdo9008 4 місяці тому

      @@seanlovesrealestate ty!

    • @noahizquierdo9008
      @noahizquierdo9008 4 місяці тому

      Great advice

  • @Leomcc96
    @Leomcc96 10 місяців тому +1

    What if you don’t have any money how do you get enough to invest

  • @dannynim414
    @dannynim414 10 місяців тому +3

    Have you invest any units in the Bay Area recently? Can you get cash flow in the Bay Area with 20% down? Please comment.

    • @mikefeir
      @mikefeir 10 місяців тому

      Lol 😂 no chance

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      Not gonna lie, it'd be pretty hard. The best case scenario is if you bought a property in the East Bay that can be house hacked or rented out as a fully furnished unit. I've seen it done before but it's definitely harder than if you just went out of state.

  • @sarahmark979
    @sarahmark979 4 місяці тому

    The biggest thing I learned from this video was 50% of investing is buying good companies at good prices and the other 50% is controlling your emotions when . market is moody.I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.

  • @realestateinvestments7
    @realestateinvestments7 День тому

    The investments I like to deal with are the ones that have a high ROI, these truly help me feel like I'm getting the best from my investment.

  • @Horace9C
    @Horace9C 3 місяці тому

    How do you scare?

  • @boiseboi2007
    @boiseboi2007 10 місяців тому +4

    I need money for food.
    I need food for protein.
    I need protein to get my heart pumping.
    Which I need to get oxygen to my brain.
    So I can live!

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +2

      Technically you can live off of the Earth for free, but having money makes it much easier :)

  • @walkerbot6059
    @walkerbot6059 5 місяців тому +3

    I’m 13 watching this because my dad does this and I’m very confused

    • @sscarto
      @sscarto Місяць тому

      Bro pls ik u wanna get rich but pls enjoy ur child hood forgot about making money for now (as long as u don’t need it)

    • @walkerbot6059
      @walkerbot6059 Місяць тому

      @@sscarto thanks man

    • @sscarto
      @sscarto Місяць тому

      I’m not telling u to completely forgot about money js don’t let it mentally effect you it’s good to have a little side hustle something like cutting grass or something light

    • @lordishurue4153
      @lordishurue4153 Місяць тому

      Stay focused on money , childhood is nothing very rarely will you have friends from 13 to age of 40
      Really is at 13 your fun is all coz of parental sacrifices .
      This is coming from someone who wishes at 13 was thinking of getting rich n not from child dream of being actor or pro wrestler rtc

  • @wahidraziullah7355
    @wahidraziullah7355 9 місяців тому +2

    Very good video, inspiring 😍

  • @RealEstateResearch1
    @RealEstateResearch1 6 місяців тому

    interesting

  • @paulmiracle6739
    @paulmiracle6739 3 місяці тому +4

    Am 21 years old from Nigeria but i don know where to start but i will keep researching

  • @coldflu
    @coldflu 6 місяців тому

    Max Kaiser is up 20 billion percent since 2011. Let that sink in.
    How’s real estate treating you with all the additional costs and pain that doesn’t come with Bitcoin?

  • @user-gp9pd8bs7v
    @user-gp9pd8bs7v 9 місяців тому

    Syndication is the most profitable way to invest in real estate for me.

    • @seanlovesrealestate
      @seanlovesrealestate  9 місяців тому

      Thanks for sharing your take on this!

    • @michaelschmidt-tony
      @michaelschmidt-tony 9 місяців тому

      Finding the ideal partnership can be challenging. What platform are you using?

  • @themariomaster5207
    @themariomaster5207 10 місяців тому +1

    Hi

  • @finnleypikkaart8048
    @finnleypikkaart8048 10 місяців тому +3

    Have a good day/night everyone

  • @finitefish
    @finitefish 10 місяців тому +2

    Do you have advice for staring and running a business

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      I recommend starting a business that can produce cash flow as soon as possible (i.e. selling products and services vs trying to create an app that will dethrone Facebook). Keep your expenses at a reasonable level and don't quit your full-time job until you have traction. Good luck!

  • @zorgee
    @zorgee 6 місяців тому +3

    i think it's simplifying it by saying we just ear passive income with little hassle. The heart of REI is about management. Property management of 34 units remotely in even more than 2/3 states is not little hassle. I manage a lot more units than that and it's plenty hassle.

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      I think a big difference is that we don't manage the properties ourselves. We hire professional property management to handle the day to day operations and only get involved for major issues.

  • @missramireztr
    @missramireztr 5 місяців тому

    I want to try and invest but I rent right now.

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      Start attending local meetups and network with investors in your community

  • @r.4169
    @r.4169 5 місяців тому

    👏🏽👏🏽

  • @g_heisenshine6207
    @g_heisenshine6207 4 місяці тому

    Being a 20 and doesn't understand what property investment actually is

  • @suggesttwo
    @suggesttwo 10 місяців тому +4

    Sean, you don't buy properties with a negative cash flow. You don't buy properties that break even. I want a 30% profit. Otherwise no. There's repairs and maintenance. I can get 0 at the bank.

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +1

      That's true, we definitely recommend that people start by buying properties that are cash flow positive!

  • @AnitaAnita-du5wr
    @AnitaAnita-du5wr 7 місяців тому

    That's informative 👍 but please understand not everyone follows English please speak slowly and clearly 🙂🇮🇳

    • @seanlovesrealestate
      @seanlovesrealestate  7 місяців тому +1

      Thanks for the feedback. You may also turn on the captions and adjust the playback speed to .75 or .5. ☺️

    • @AnitaAnita-du5wr
      @AnitaAnita-du5wr 7 місяців тому

      @@seanlovesrealestate ok👍

  • @Brandon_66
    @Brandon_66 2 місяці тому

    Honestly, people like you that buy and rent out properties is why I can't afford a home

    • @seanlovesrealestate
      @seanlovesrealestate  2 місяці тому

      Debatable, we don't usually buy houses that are in livable condition and put in a lot of money to make them rent ready. These are houses that most people wouldn't buy as their first home unless they have experience with construction.

    • @Brandon_66
      @Brandon_66 2 місяці тому

      @seanlovesrealestate I'm talking about people scalping all the real estate and putting it up for rent instead of selling it. There is a low supply now because people treated a necessity like an investment. People don't want to rent but we are forced to because a few people take all the real estate from everyone else. I just graduated college and now have a high paying job but I still can't afford a house just because I was born too late. I can't start a family like I wanted to. Just at least understand what problems our current generation is facing. We are screwed from the start. This greed is why the American Dream was killed for us. We have no hope anymore

  • @craigroy9614
    @craigroy9614 5 місяців тому +1

    I literally can’t stand people who made a living off RE prior to 2023, trying to give advice to people trying to buy in 2024.

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      Why not? Have you tried to implement any of the steps that I mentioned in the video?

  • @josephwickham1989
    @josephwickham1989 Місяць тому

    This is fucking ridiculous smdh it's like absolutely impossible. I literally grew up extremely poor, I had no father, got taken away into DCF, then somehow went back to my mother's at age 7, she was a alcoholic, druggie, never taught anything. School doesn't teach you any of this shit. Now 34, I have a basic job at a hotel as a janitor. I make 15 an hour, I have a 7 year old daughter. I live by myself and barely make enough to survive. Every single week I go atleast 2 days without eating so my daughter has a roof over her head and a meal for her. I'm sick of my life. I went to court and fought for my daughter. I spent every pennies for a lawyer. I'm sick of being at the bottom and these videos just confirm that I'll always be broke. I screwed up my credit when I was young, I don't have any emergency money, I swear I have 3 dollars in my bank account. Ha!!! What a joke! Life is so hard and so confusing. How tf could I ever get out of this hole!,!?? I work 2 jobs. Other job is side work for my landlord to knock off some rent money. But im not getting anywhere. N this rental investor, landlord, etc is out of the picture for me. Smh wish I had smart great parents who taught me something. Whatever

  • @EZWORK.
    @EZWORK. 10 місяців тому

    Unfortunately $150,000 wouldn't get you an empty lot where I live.

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      That's why we looked out of state to buy our first few rental properties. If we outsource the management anyways, it doesn't matter where we buy!

  • @angelmakescents7514
    @angelmakescents7514 8 місяців тому

    Hi there!! Did you start off as a real estate agent? Do you recommend being one to begin investing?

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      Technically, I was, but I don't think it helped my investing career. It's not necessary to start investing.

  • @aina.cavalida
    @aina.cavalida 8 місяців тому

    Subscribed! ❤

  • @douglashillson1531
    @douglashillson1531 3 місяці тому

    How do you manage properties in states you don’t live in? What do companies typically charge? How do you avoid some of the nightmares I’ve heard about?

  • @matthawks961
    @matthawks961 4 місяці тому

    Okay so you’re saying you need to have a larger down payment to make worthwhile gains. Which doesn’t cater to the broke person just starting. Nice

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      Part of starting is saving and preparing yourself to buy your first rental property

  • @stopato5772
    @stopato5772 9 місяців тому

    I am in Europe and finding reasonable priced good deals is very hard.

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому

      We just came back from our Eurotrip and I can definitely agree to that!

  • @Ji_O-zg4mh
    @Ji_O-zg4mh 9 місяців тому

    I have no money tho literally a poor person struggling I've tried boat loads of these different strategies of making money online long enough to go up to straight three months with no profits coming in I even once decided to write a book I did get a job but due to fowl play by others I lost it and now I'm back to square one with not much money real estate has been intriguing and I fort that I would have been able to get into but the problem still lingers I have no money to actually buy a house to start so ik it might be impossible but with hope I'll need advice on what I should do now cause I'm afraid I'll fail and fall even deeper in poverty past this month but just before I the clock runs out for me I'll need advice please!!

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому

      Keep your chin up! I don't think you should get into real estate investing at this time since it's going to take up a lot of your free cash to buy a property in the first place. It might be better for you to find a side hustle that works well for you and focus on growing that to gain extra income first. Good luck!

  • @marvinars2274
    @marvinars2274 10 місяців тому +1

    First!

    • @-Boba-123-
      @-Boba-123- 10 місяців тому +1

      Sorry but your fourth-

  • @ExoticMusic1
    @ExoticMusic1 5 місяців тому

    Looking at purchasing a rental this year at age 21

  • @michaelG2310
    @michaelG2310 10 місяців тому +102

    Step one - save 20% down for a property. Okay, I’m out

    • @TheLethargicAge
      @TheLethargicAge 10 місяців тому +5

      Step two - tie it up in an illiquid asset with high leverage

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому +27

      I recommend starting by investing in stocks to build up your savings to eventually get into buying properties. It takes a while for sure, but getting into real estate investing is one of the most stable ways of preserving and growing your wealth!

    • @TheLethargicAge
      @TheLethargicAge 10 місяців тому +2

      @@seanlovesrealestate What about all the expenses that come with owning a property-interest, taxes, insurance, maintenance? Sure, you can rent it out and cover all of that with the rent, but any unexpected expenses (broken AC or special assessment from HOA) will inevitably end up eating up a big chunk of your “profit”. And if you sell it and invest the proceeds into another property, it will most likely be at a higher price and higher cost of financing, so how much cash profit are you really making?

    • @haciendadad
      @haciendadad 10 місяців тому +5

      If the property is for commercial purposes, i.e., this is not your primary dwelling, you will probably need to put down 30%. That was my experience.

    • @BRC332
      @BRC332 10 місяців тому +2

      I’d say, use a FHA loan with 3.5% down, and wait a few years to refinance.

  • @thekiokos6698
    @thekiokos6698 10 місяців тому +1

    Man I thought this vid was posted like a year ago

  • @ZainZain-wx6xu
    @ZainZain-wx6xu 7 місяців тому

    Good thing there isn’t bank interst in Sweden, that means even anyone in another religion [for example islam] can do that? I don’t know.

  • @user-oz3wf2sc1d
    @user-oz3wf2sc1d 8 місяців тому +3

    I'm a web developer looking to build my portfolio by offering my services to those in need of a website. This is a great opportunity for both of us!

  • @elmntz1435
    @elmntz1435 10 місяців тому

    first

  • @elmntz1435
    @elmntz1435 10 місяців тому +2

    PIN ME IM FIRST

  • @JR_55591
    @JR_55591 9 місяців тому +2

    This real estate investment culture has ruined society's general living needs. An unfortunate time we live in.

    • @seanlovesrealestate
      @seanlovesrealestate  8 місяців тому +1

      Landlords have existed since the dawn of time.

    • @JR_55591
      @JR_55591 8 місяців тому +2

      @@seanlovesrealestate I am talking about the growing investment culture in properties. It was never like this back then. It has ruined families living and future. Even general rent has gone up because of this.

  • @mosimakgomo7207
    @mosimakgomo7207 4 місяці тому +1

    I love real estate but interest rates are extremely out of order for black people

    • @seanlovesrealestate
      @seanlovesrealestate  4 місяці тому

      High interest rates make it harder than usual to start, but you can always start learning the different strategies by going to local meetups. Then when interest rates drop, you'll be able to hop on in right away!

  • @chanakyabharat756
    @chanakyabharat756 10 місяців тому

    Hi Sean, any email ID to reach for more questions

    • @seanlovesrealestate
      @seanlovesrealestate  10 місяців тому

      Hey! You can shoot me an email at hello@goodsweethomes.com or use this link. www.goodsweethomes.com/contact/