I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. Buying bitcoin and eth for me is a way to save without blowing my money on stupid stuff. And later in the year or next year I'm going to cash in for a down-payment on a home. Great video
Buffett likes to say "the best thing to invest in is yourself" Meaning upgrading your skills, asking for the raise. It will give you more satisfaction out of life and more disposable income to put in the market sooner to have more compounding in your favor.
@@billclinton-f8n There is a famous person 'NICOLE DESIREE SIMON'. She has been making a fortune online worth millions of dollars in digital assets for a select few for years. Lately, these types of services have appeared that allow you to copy the results of the experts. This person demonstrates how to copy it automatically using that service.
@@AlbertGReene-p8w Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
MG never disappoints. I always love hearing from someone that can talk in detail about topics and not just point in the air at topics or engage in hyperbole for click
I'm black and I've lived in the Permian Basin Texas for the past 12 years, there is a NEED for representation here in Midland, TX as well as Odessa, TX. Please come down here and school these folks. I'm originally from the Boogie Down Bronx, New York and I've never seen a place like this. We need a little bit of everything down here, especially from the black community. I love your show fellas. I'm thinking about getting my RE license since it's growing like crazy here in the Permian.
MG is definitely growing! The growth is amazing! The EYL platform is a gold mine and they are attracting great things to them. I pray for more for them!
Going down the rabbit hole watching MGTheMorgageGuy videos...he is so informative, smart and he speaks my lingo :-) ArmyStrong-MarineStrong-Thank you for the VA loan information. God Bless America !
It cost more than a couple of hundred dollars to become a licensed real estate agent in New York. The prep course (77hours& required) for salesperson license exam ranges from $200 to $1000. The Written exam & application $80. If you want access to a MLS service to view active properties for the area you service, join any realtor association, or lockbox system to access the properties will all be additional costs. It is still a relatively low cost field to enter.
I am grateful to my new bank that I did not have a relationship with, they gave me all the money I asked for and more-plus my construction loan was extended a fewwwww times-I just had to pay a small extension fee-especially if you have unforeseen circumstances-always check with the banks-especially the local banks-mostly have better in house requirement…do your “due. diligence always on people, Property, and financing, contracts/agreement…take no one word-see it in black and white…if you do not understand seek an attorney before signing❤😊
Working in real estate development, this is high level conversation however, most architects can take longer than 2-3 months. Also, pay for permit expediting.
Only thing to add is that you DON'T need 100% disability to forgo the funding fee. You only need minimum 1%. Not paying funding fee is a big deal. Funding fee on a second time use of your va loan is 3.6%. That's an additional $36k on a $1M home.
I purchased my home 8 years ago using the VA loan. I put 500.00 down. It was returned to me after I closed. I moved into my house in California for basically 0 money down. I wish I would have been on my investment ish. But I don’t regret it.
Its called a conforming loan limit - there is no set amount based on time served the entitlement is the entitlement - locality determines amount by zip code. You can also refi the VA to conventional and then free up your COE to buy another home full entitlement as it’s no longer being exercised. That is the magic
Excellent class. I took a quick real estate class at a community college in yr.2000, and yes, having the license is beneficial. Also, it was when flipping properties became better knowledgeable in black communities for real estate agents and investors, not holding a real estate license, just straight flipping. Also, veterans are exempted from property taxes. And I like modular homes now vs. straight up from the ground building with owning land. Fewer permits, less time-consuming, and the loan process is about the same. And if you need land or a lot for home building, the modular manufacturers offer package deals. Assets vs.Liabilities. Appreciating the knowledge; and thank you
What about putting your properties in a trust how does that work can you please explain that whole entire process the pros & cons compared 2 putting your properties in an LLC
How do you get a loan to convert a large commercial office building space that you notice has brand new empty office buildings that has been unoccupied 4 years that could become extremely profitable once re zoned into residential single family & apartment buildings that are both planned 2 be used as rental properties
VA doesn’t give you anything. They back a certain percentage of the home appraisal value. You still have to find a commercial lender that will provide you with the loan.
Most people remain poor only because friends and relatives discourage and advise them not to invest, while the wise ones keep investing and growing higher financially.
My husband is a veteran with no property management experience however I have 26yrs of property management experience; will my experience be considered?
If your husband served and pulled duty, supervised details, overseen certain projects, etc he has some property management experience/skills just worded differently and especially if he help managed your home etc, without utilizing others that’s more experience, just worded differently 😊❤
I will forever be indebted to you for everything. I will tell the world how you have helped me recover my financial loss through your investment. Thank you Alma Robles for making my financial life stable again.🇺🇸
Owner/Operator of Veterans For Veterans Consulting. Assisting Veterans with Service Connected Disability Benefits to receive up to $4,000.00 per month for life. VA Loan funding fee waived at 10%+. We ensure our qualified veterans do not EVER pay a funding fee for loans.
@@mighty3552 lol. maybe where you live idk. Multi fams here rents are comparable to single fam homes. Unless you’re talking in low income areas.. then yea sure.
This not to discourage you, Please check regulations for any license, especially before becoming an agent because as an investor in some states it can be a hindrance to your real estate investor journey…it’s easy to say “just get a real estate license” but again do your “due diligence Always”.. I took the course for educational information purposes only-a few of us did-from one of the supposedly top courses in the state-598, we opt out-a lot of brokers and I am speaking from 1st hand experience and knowledge do not allow you to invest…and most do not offer Any training-research, research, research….every states guidelines are different…..😊❤
I still don't understand the reason why my trader (Easy james) charges me 20% of my profit after the end of my trade weekly. I have been trading with her for like 15months now ,but she keeps on taking percentage from me which is too sad. I wish I could get a better trader who won't charge me a dime..
you mean you have a Professional trader who trade's for you and makes profit for you, and you pay her 20% and you take the remaining after every trade?
i think you should learn how to be thankful.i started trading with her since march with a thousand bucks and since then there have been a great turn up.
please how may I reach her so I can invest with her even if she charges me 30%/40% and I take the remaining i will be okay as long as I get my money and profit back.
Forex trading is the best investment one can do right now though stocks are good but ever since I swapped to Forex trading , I've seen so much difference
Sharing and adding -you do not have to be at 100% to have the funding fee waived, “Will I have to pay the VA funding fee? If you’re using a VA home loan to buy, build, improve, or repair a home or to refinance a mortgage, you’ll need to pay the VA funding fee unless you meet certain requirements. ❤You won’t have to pay a VA funding fee if any of these descriptions are true for you: 1. You’re receiving VA compensation for a service-connected disability, or 2. You’re eligible to receive VA compensation for a service-connected disability, but you’re receiving retirement or active-duty pay instead, or 3. You’re receiving Dependency and Indemnity Compensation (DIC) as the surviving spouse of a Veteran, or 4. You’re a service member who has received a proposed or memorandum rating before the loan closing date that says you’re eligible to get compensation because of a pre-discharge claim, or 5. You’re a service member on active duty who, before or on the loan closing date, provides evidence of having received the Purple Heart ❤Funding fee refunds You may be eligible for a refund of the VA funding fee if you’re later awarded VA compensation for a service-connected disability. The effective date of your VA compensation must be retroactive to before the date of your loan closing.
My favorite Finance channels: Earn Your Leisure, Stock Brotha, & Wallstreet Trapper. Make my week complete!
Thank u for sharing! I am definitely subscribing to all of them!
This is one of the best real estate investing episodes. MJ dropped so many gems.
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. Buying bitcoin and eth for me is a way to save without blowing my money on stupid stuff. And later in the year or next year I'm going to cash in for a down-payment on a home. Great video
Buffett likes to say "the best thing to invest in is yourself" Meaning upgrading your skills, asking for the raise. It will give you more satisfaction out of life and more disposable income to put in the market sooner to have more compounding in your favor.
@@billclinton-f8n There is a famous person 'NICOLE DESIREE SIMON'. She has been making a fortune online worth millions of dollars in digital assets for a select few for years. Lately, these types of services have appeared that allow you to copy the results of the experts. This person demonstrates how to copy it automatically using that service.
@@AlbertGReene-p8w Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
@@carolynrose1816 most likely, the internet is where to find her basic info, she's well established.
@@AlbertGReene-p8w Thanks for the info, i found her website and sent a message hopefully she replies soon.
I’m a mortgage banker and MG makes me wanna be a better professional - he changed the game and is Inspiring
MG never disappoints. I always love hearing from someone that can talk in detail about topics and not just point in the air at topics or engage in hyperbole for click
I'm black and I've lived in the Permian Basin Texas for the past 12 years, there is a NEED for representation here in Midland, TX as well as Odessa, TX. Please come down here and school these folks. I'm originally from the Boogie Down Bronx, New York and I've never seen a place like this. We need a little bit of everything down here, especially from the black community. I love your show fellas. I'm thinking about getting my RE license since it's growing like crazy here in the Permian.
MG is definitely growing! The growth is amazing! The EYL platform is a gold mine and they are attracting great things to them. I pray for more for them!
THIS INFORMATION IS GOLD!!!!
It’s his time . Mg been given nuggets and chilling since day one
Thank y’all for getting right to the VA loan talk. Needed this info
Me too.. Im gonna keep re-watching as I build towards using my va loan for the first time.
I love the intelligent questions Troy & Rashad are asking to educate we listeners ❤️ 😍 💖
Thank you for this! As a veteran I GREATLY appreciate this information. 🙏🏾
They always leave out the VA loan glad he spoke about it.
Going down the rabbit hole watching MGTheMorgageGuy videos...he is so informative, smart and he speaks my lingo :-) ArmyStrong-MarineStrong-Thank you for the VA loan information. God Bless America !
I’m never disappointed when I listen to MG🙌🏽🧡
It cost more than a couple of hundred dollars to become a licensed real estate agent in New York. The prep course (77hours& required) for salesperson license exam ranges from $200 to $1000. The Written exam & application $80. If you want access to a MLS service to view active properties for the area you service, join any realtor association, or lockbox system to access the properties will all be additional costs. It is still a relatively low cost field to enter.
I've been a landlord of both single and multi family, they both can cash flow! Just run the numbers to see for yourself!
I am grateful to my new bank that I did not have a relationship with, they gave me all the money I asked for and more-plus my construction loan was extended a fewwwww times-I just had to pay a small extension fee-especially if you have unforeseen circumstances-always check with the banks-especially the local banks-mostly have better in house requirement…do your “due. diligence always on people, Property, and financing, contracts/agreement…take no one word-see it in black and white…if you do not understand seek an attorney before signing❤😊
For Educational purposes “Troy Voice” this is 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥💎💎💎💎💎💎
Working in real estate development, this is high level conversation however, most architects can take longer than 2-3 months. Also, pay for permit expediting.
Great info, but one correction you can use rental income on multi units to qualify for VA loan!
Great information, especially with the single family rentals!
you mentioned veterans so i subscribed
Super informational. By far my favorite episode to date. Straight to the point and ALL FACTS.
1 correction good brotha MG: you don't have to be 100% VA disabled to be exempt from the VA funding fee...just be VA rated👍🏾
You have to be 70%
if you cant use for rental properties how do you keep multiple homes under va loan.
Only thing to add is that you DON'T need 100% disability to forgo the funding fee. You only need minimum 1%. Not paying funding fee is a big deal. Funding fee on a second time use of your va loan is 3.6%. That's an additional $36k on a $1M home.
Dope interview! Agree, watch what institutional money is doing NOT what they say.
I purchased my home 8 years ago using the VA loan. I put 500.00 down. It was returned to me after I closed. I moved into my house in California for basically 0 money down. I wish I would have been on my investment ish. But I don’t regret it.
Same. I’m just gone use this current home as an investment and move to another property
You need guaranteed multiple streams of to fund your project.
1:03:50 is a 💎 drop
Its called a conforming loan limit - there is no set amount based on time served the entitlement is the entitlement - locality determines amount by zip code.
You can also refi the VA to conventional and then free up your COE to buy another home full entitlement as it’s no longer being exercised. That is the magic
Looking to learn more about real estate but am not a veteran, child of (2 veteran parents) unfortunately, but thanks for your service!!
Get your suit up. Nice look 🙌🏾🙌🏾🙌🏾
Excellent class. I took a quick real estate class at a community college in yr.2000, and yes, having the license is beneficial. Also, it was when flipping properties became better knowledgeable in black communities for real estate agents and investors, not holding a real estate license, just straight flipping. Also, veterans are exempted from property taxes. And I like modular homes now vs. straight up from the ground building with owning land. Fewer permits, less time-consuming, and the loan process is about the same. And if you need land or a lot for home building, the modular manufacturers offer package deals. Assets vs.Liabilities. Appreciating the knowledge; and thank you
Another great episode! Thanks!!
Thx fellas 1000% needed 🙏 this
Get that bank MG! Ownership! The biggest!
Great show!!!
LLC is good especially if you are Not the registered agent, however, look more into Trust….😊❤
This helped me to decide what I will get licensed in next. Thank you Matthew Garland…
I don’t see a number just a message
What about putting your properties in a trust how does that work can you please explain that whole entire process the pros & cons compared 2 putting your properties in an LLC
I am currently going through the process of putting my properties in a LLC and then putting my LLC under my trust. Meeting with my attorney on Friday.
@@niissh5765same here minus the trust part. Follow up on this thread if you can. That’s a big move.
I will also add on the VA loan piece that if you are active duty, you qualify for a VA loan.
Mortgage guy been in the gym. I see you plair. 🙏🏾🙏🏾🙏🏾
great episode
Problem is we can't place the home in an llc after renting it out. Just found that out. Any suggestions on how to limit liability?
is there an episode explaining how to use 401k to buy real estate?
Great job, Matt!!
Can we use a construction loan for modular homes?
How do you get a loan to convert a large commercial office building space that you notice has brand new empty office buildings that has been unoccupied 4 years that could become extremely profitable once re zoned into residential single family & apartment buildings that are both planned 2 be used as rental properties
Does any on the panel know anything about a program called NACA?
I'm familiar with it a family member of mine was in it for a while
I need this VA Loan episode 🫡
Gems as always!
Leverage ❤love it.
Tried to get involved in it and they wouldn’t let me as didn’t have a job, even though I could get the money for down payment etc.
I thought about starting a mortgage REIT…
VA doesn’t give you anything. They back a certain percentage of the home appraisal value. You still have to find a commercial lender that will provide you with the loan.
Good information! 👍
Most people remain poor only because friends and relatives discourage and advise them not to invest, while the wise ones keep investing and growing higher financially.
The motivation i needed to switch hard core hodling to investings was my first significant profit investing with expert Melina's guidance and signals
Great build!🙏🏽👋🏽👋🏽👋🏽
My husband is a veteran with no property management experience however I have 26yrs of property management experience; will my experience be considered?
If your husband served and pulled duty, supervised details, overseen certain projects, etc he has some property management experience/skills just worded differently and especially if he help managed your home etc, without utilizing others that’s more experience, just worded differently 😊❤
@@u.lisawilliams9600 Thank you so much for your response this was very helpful. Be blessed and stay safe 🤗🙏🏽
? Can you do something on how to become a hard money 💰 lender or can you refer me to someone
WE NEED THIS INFO . YSN
Fantastic
Bigup MG.
@EYL.. yes mi general.
I will forever be indebted to you for everything. I will tell the world how you have helped me recover my financial loss through your investment. Thank you Alma Robles for making my financial life stable again.🇺🇸
Wow❤️🥰.. sounds good to know there are still good people out there
Starting a good investment is what everyone should go for now. I started off with Ms Alma and have earned over 18000 profits.
@@annifred2159 is her investment still ongoing? I’m interested.
@@carmelitagonzalez5014 Sure. She’s always available to help new investors.
Sounds good. PLEASE HOW DO I REACH HER??
❤❤❤❤❤❤❤❤❤❤
Gems 💎
Bro what are those noises at 43.10 loool
Owner/Operator of Veterans For Veterans Consulting. Assisting Veterans with Service Connected Disability Benefits to receive up to $4,000.00 per month for life. VA Loan funding fee waived at 10%+. We ensure our qualified veterans do not EVER pay a funding fee for loans.
If you in a state where entity’s owners are public records this won’t work putting a LLC
💜💜💜
Residual income ok
55:18 False. maybe where JG buys his multi families are in the hood. New Orleans, etc. overall that statement isn’t true.
@@mighty3552 lol. maybe where you live idk. Multi fams here rents are comparable to single fam homes.
Unless you’re talking in low income areas.. then yea sure.
This not to discourage you, Please check regulations for any license, especially before becoming an agent because as an investor in some states it can be a hindrance to your real estate investor journey…it’s easy to say “just get a real estate license” but again do your “due diligence Always”.. I took the course for educational information purposes only-a few of us did-from one of the supposedly top courses in the state-598, we opt out-a lot of brokers and I am speaking from 1st hand experience and knowledge do not allow you to invest…and most do not offer Any training-research, research, research….every states guidelines are different…..😊❤
40:14
I still don't understand the reason why my trader (Easy james) charges me 20% of my profit after the end of my trade weekly. I have been trading with her for like 15months now ,but she keeps on taking percentage from me which is too sad. I wish I could get a better trader who won't charge me a dime..
you mean you have a Professional trader who trade's for you and makes profit for you, and you pay her 20% and you take the remaining after every trade?
I will advise you to stick strong to her ,legit traders are very scarce and far, *Easy James* is a very good lady!
i think you should learn how to be thankful.i started trading with her since march with a thousand bucks and since then there have been a great turn up.
please how may I reach her so I can invest with her even if she charges me 30%/40% and I take the remaining i will be okay as long as I get my money and profit back.
✊🏾💪🏾💰
"You may only succeed if you desire succeeding; you may only fail if you do not mind failing." _Philippos
Forex trading is the best investment one can do right now though stocks are good but ever since I swapped to Forex trading , I've seen so much difference
I have been making a lot profit through forex trading which has been the main source of my income
Actually an expert broker handles my forex investments while I invest in some real estate with the profit I make
Seek professional guidelines from an expert before delving into forex, Mr Chaske academy is a pro trader that guides me
He's an expert when it comes to trading forex, he made over $12k with my $2k start up capital
He's available on G mail
Well spoken brother....that one lady he had contact me was horrible tho. Very unprofessional and terrible communicator.
💎💎💎💎
I'ma be a better MG, no hate intended just striving to touch more people
ChatGPT please provide MG plays.
😳😂😂😌
ARMY VETERAN 100% with Letters Thank You! We EXEMPT WE DOING WHATB YA'LL TEACHING IN OUR WAY! NFCU CD WE WILL KEEP YOU GUYS INFORMED!!1 TRUST !
Sharing and adding -you do not have to be at 100% to have the funding fee waived,
“Will I have to pay the VA funding fee?
If you’re using a VA home loan to buy, build, improve, or repair a home or to refinance a mortgage, you’ll need to pay the VA funding fee unless you meet certain requirements.
❤You won’t have to pay a VA funding fee if any of these descriptions are true for you:
1. You’re receiving VA compensation for a service-connected disability, or
2. You’re eligible to receive VA compensation for a service-connected disability, but you’re receiving retirement or active-duty pay instead, or
3. You’re receiving Dependency and Indemnity Compensation (DIC) as the surviving spouse of a Veteran, or
4. You’re a service member who has received a proposed or memorandum rating before the loan closing date that says you’re eligible to get compensation because of a pre-discharge claim, or
5. You’re a service member on active duty who, before or on the loan closing date, provides evidence of having received the Purple Heart
❤Funding fee refunds
You may be eligible for a refund of the VA funding fee if you’re later awarded VA compensation for a service-connected disability. The effective date of your VA compensation must be retroactive to before the date of your loan closing.