The housing prices are going up faster than any working person could save,, I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
I only buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. ever grateful to Trisha Jean Webb my CF.A... she is super helpful to a lot of beginners out there.
One thing I think would be good to discuss: how to manage rental properties yourself or how to find a rental management company. Also risks to look out for….
Adjust your numbers by inflation since you bought the unit. Also, a property needs regular maintenance and normally the people who rent are not very careful with the property.
The truth is that the ability to make money like this is quickly despairing in todays market! This was the game 2-3-5-7 years ago average person can’t do this anymore! Your rates are 6-8% to renovate your labor costs are up 20-30% your material costs are up 20-25%. What you put into it you almost won’t get out of it… and the rent to own ratio is basically flipped in most places cheaper to rent then own…
I will be forever grateful to you, you have changed my entire life and I continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brian Davis💯💯❣
In Sweden I will need to be able to put in 70-80% cash in a property before the bank even will talk to me about a renting property. I can't buy a single apartment to rent out (would have been cheaper than a whole property) since the tenant-owner associations won't allow it in 99,9% of the cases. Summary, I can't even getting started without millions of SEK in a savings account which will be pretty much impossible to achieve.
Thanks for the vid Paul. In my experience, there are very few bankers and appraisers that understand this process because banks are so conservative and cautious and do not understand "added" value. As a follow up to this video, I would love to hear your process of how you prove the added value and who you would suggest to deal with. I.E. Commercial Banker? Up here in Canada, as soon as you say it will be a rental, you will require 20% down. I have heard of higher success rates of this process when you live in the property while you renovate as it then is your primary res however a harder sell if you are married as very few women will put up with the mess. 😅 It was easier to do when I was single.
Maybe I am the skeptical one (I have never done this before but want to some day) but what if you are not able to rent out? What if you continually keep renting to the wrong people? What happens if you have to consistently throw cash into units? TYIA
Question: when you refinance the mortgage of the first 2 units, and take the difference to buy another unit... don´t the second mortgage payments (that have increased due to the larger loan) throw off the rent from the first 2 units?
Math is way off at least in my country. In cro i pay 100k for unit that rents at 5k€/year. If i renovate it it costs way more then 10k, at least 20k (expensive and unreliable workers) to get maaybe 7k€/year with big maybe, more like 6.5k which is return in 15 years
At 4:25 -- Big assumption that putting 10K into a unit will increase the value by $35k. The biggest factor in whether an additional investment will increase the value of your property is supply/demand and how your renters will treat your property. Renters can DESTROY your property in a heartbeat! Water, pets, smoking, neglect, etc... But you have a no pet, no smoking clause. Do you think renters will abide by this? Sorry, one renter brought her mother to live in the house without my knowledge. She smoked, had a pet, let lots of water drip on the shower floor-- damaging the subfloor, etc.... It's not as easy as Paul makes it.
while I see the attraction it does depend on a lot of risk tolerance. the maths is fine but what about accidents, natural disaster, terrorism, or federal fuckery with legislation? surely you would want to pay off the balance then get optimum rent before you go back to the bank and ask for more?
Love you guys and this channel, [here it comes], BUT… No thanks. In investing, my first 2 rules are: 1. Only buy stocks with money you can afford to lose. 2. If you don’t understand the financial instrument, stay away. I don’t want to be Fred Mertz. Even high-end properties [$500K] can bring in irresponsible tenants. Not to mention that in most states, evictions can take forever. Forgive my French, but $200K properties are shitholes.
@@joehopkins9749 You know what, guys? I have something to share with you. I recently started working with Robin Brezik and it has been a game-changer for me.
@@abircocci8157 They offer investment advice and help me with my investment goals, building my portfolio and also retirement planning. They are very professional and knowledgeable, and they tailor their services to my needs and preferences.
The housing prices are going up faster than any working person could save,, I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
Cryptocurrency crashed the last couple years, so it should be starting a new run to a new high.
I only buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. ever grateful to Trisha Jean Webb my CF.A... she is super helpful to a lot of beginners out there.
@@DesmondWoghiren Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
More real estate related videos please.
Thanks more will come .AP
One thing I think would be good to discuss: how to manage rental properties yourself or how to find a rental management company.
Also risks to look out for….
I’m glad the real estate content is back
Thanks for the feedback .AP
Adjust your numbers by inflation since you bought the unit. Also, a property needs regular maintenance and normally the people who rent are not very careful with the property.
More Real Estate content please!!! Thanks amigo
Thanks for the feedback .AP
This is very helpful. Great Video!
The truth is that the ability to make money like this is quickly despairing in todays market! This was the game 2-3-5-7 years ago average person can’t do this anymore! Your rates are 6-8% to renovate your labor costs are up 20-30% your material costs are up 20-25%. What you put into it you almost won’t get out of it… and the rent to own ratio is basically flipped in most places cheaper to rent then own…
There’s always time to buy and time to save , like you said right now is not the time .AP
Anyway you guys can give us a video on hims and hers stock? Really curious how you guys would look at this stock. Thanks
Please do a video for real estate beginners
Thanks will add to the list .AP
I will be forever grateful to you, you have changed my entire life and I continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brian Davis💯💯❣
Who is Brian Davis and how did he help you clear your debt?
Love the real estate content
Much appreciated .AP
In Sweden I will need to be able to put in 70-80% cash in a property before the bank even will talk to me about a renting property.
I can't buy a single apartment to rent out (would have been cheaper than a whole property) since the tenant-owner associations won't allow it in 99,9% of the cases.
Summary, I can't even getting started without millions of SEK in a savings account which will be pretty much impossible to achieve.
Look in another country maybe .AP
I'm probably going to watch this a couple more times
That’s great , the more you repeat the system will stick .AP
Thanks for the vid Paul. In my experience, there are very few bankers and appraisers that understand this process because banks are so conservative and cautious and do not understand "added" value. As a follow up to this video, I would love to hear your process of how you prove the added value and who you would suggest to deal with. I.E. Commercial Banker? Up here in Canada, as soon as you say it will be a rental, you will require 20% down. I have heard of higher success rates of this process when you live in the property while you renovate as it then is your primary res however a harder sell if you are married as very few women will put up with the mess. 😅 It was easier to do when I was single.
Great example. Quick question: Do you have refinance with the same bank or only a different bank?
Great concept, but right now with high property prices and even higher mortgage rates it is not the best time to buy...
But is the best time to save for it .AP
Thanks for this. Can you do one on multi family units?
Shure thanks .AP
I don't think it is smart to refinance when your interest rate is so low. I am sitting on a lot of equity, the interest rate is too good to refinance.
True , i have the same .AP
Sounds amazing, but what's the starting capital requirement?
It all depends on what you buy .AP
15-20% down usually on purchase price. Sometimes can loop in your renovation budget into the purchase price depending on appraisal
Are you guys done talking about the wider market? Haven't seen anything in a bit about this rally
No we are not .AP
How do you manage so many rentals?
Maybe I am the skeptical one (I have never done this before but want to some day) but what if you are not able to rent out? What if you continually keep renting to the wrong people? What happens if you have to consistently throw cash into units? TYIA
is it a good idea to do this in Europe?
Anywhere.AP
Question: when you refinance the mortgage of the first 2 units, and take the difference to buy another unit... don´t the second mortgage payments (that have increased due to the larger loan) throw off the rent from the first 2 units?
This strategy changes your life.
5-7 year retirement
If you work your asss off
Yes! Does this work with sfr/ duplexes?
As long as you have the money .AP
Math is way off at least in my country. In cro i pay 100k for unit that rents at 5k€/year. If i renovate it it costs way more then 10k, at least 20k (expensive and unreliable workers) to get maaybe 7k€/year with big maybe, more like 6.5k which is return in 15 years
Just did my first one this year. Just hard to find reasonable deals in Miami 😅
Watch out over in Miami a lot of over priced .AP
@@EverythingMoney 💯 it’s nuts
When will the RE Calculator be released?
There’s no time frame yet .AP
At 4:25 -- Big assumption that putting 10K into a unit will increase the value by $35k. The biggest factor in whether an additional investment will increase the value of your property is supply/demand and how your renters will treat your property. Renters can DESTROY your property in a heartbeat! Water, pets, smoking, neglect, etc... But you have a no pet, no smoking clause. Do you think renters will abide by this? Sorry, one renter brought her mother to live in the house without my knowledge. She smoked, had a pet, let lots of water drip on the shower floor-- damaging the subfloor, etc.... It's not as easy as Paul makes it.
Great content guys, now just have to find a house for 200k 🤣
2 units for 200k!! 😂
more real estate
Thanks for the comment .AP
are ther an etf that do that?? or fund??if no, create one
A fund run by Paul doing exactly this for those of us that can't afford to do this ourselves would be amazing!!
Reits .AP
You wish you could buy for £25000 near me! They have over leveraged around us and people can’t afford rent to meet the payments!
No consideration for solicitor costs, broker or lender fees. Thanks
It’s only works if you find a cheap deal
while I see the attraction it does depend on a lot of risk tolerance. the maths is fine but what about accidents, natural disaster, terrorism, or federal fuckery with legislation? surely you would want to pay off the balance then get optimum rent before you go back to the bank and ask for more?
Getting rich on other people's dime ;)
That’s the way to make money for anyone .AP
yo
Sup .AP
I’m a brrrr millionaire
Love you guys and this channel, [here it comes], BUT…
No thanks.
In investing, my first 2 rules are:
1. Only buy stocks with money you can afford to lose.
2. If you don’t understand the financial instrument, stay away.
I don’t want to be Fred Mertz.
Even high-end properties [$500K] can bring in irresponsible tenants. Not to mention that in most states, evictions can take forever.
Forgive my French, but $200K properties are shitholes.
@ElonReeveMusk-jjjb Yes. Tesla is merely a car company.
Ruffs
Hey guys, how are you doing with your investments? I know the market has been crazy lately.
@caseymuller3480 That's too bad. I'm doing okay, but I'm not very confident about my portfolio. I feel like I need some professional advice.
@@joehopkins9749 You know what, guys? I have something to share with you. I recently started working with Robin Brezik and it has been a game-changer for me.
@@malcolmdoyle5385 Really? What do they do?
@@abircocci8157 They offer investment advice and help me with my investment goals, building my portfolio and also retirement planning. They are very professional and knowledgeable, and they tailor their services to my needs and preferences.
@@malcolmdoyle5385 wow, this sound interesting. how can we get through to him?
Needed my abacus for this one 🧮
Hahaha ! AP