Buy your first multi family small apartment building with my help by applying for my Protege Program: www.commercialpropertyadvisors.com/protege-program
This is the first video that I've watched that the teacher actually tells you how to actually accomplish a goal!! Not just dance around the subject and leave you empty.
Exactly, most people danced around the subject because either they trying to make money off you or they don't want you to outdo them in business, especially on social media, they always trying to charge you thousands of dollars for a class I still going to dance around and not teach you what you really want to know and they still get to collect money
Finally someone that make sense rather than attending a hotel seminar to sign up for money. Peter, thanks for the lesson. Please consider during more videos. Thanks for helping a novice. RJ
Fit freak Don't forget you have the so-called gurus that are peddling there products so with that said the some of thumbs down come from them and there staff.
Those hotel seminars are among the biggest jokes in the world. Last one I went to was a bunch of wealthy operators talking about how they throttle broadband when they see a room watching to much netflix and so forth.. yawn.
I’ve learned so much in this half hour video. I love how you actually explained the reasons WHY and not only the how in purchasing your first multifamily building. Also, your calm demeanor and thorough explanations are appreciated. I never even considered all the different ways of financing a deal. I thought the only way to finance a deal would be to have my own capital and go to a bank or broker for a loan. Currently, I’m managing an investment condo and a SF home for my mother who now has dementia and can no longer take care of her properties. I actually enjoy managing her properties, and my dream is to purchase my own building. I don’t want anything too much, just up to a 10 unit building. If that goes off well, I would like to purchase another. I want to have cash flow and have generational wealth. Thank you for the video, I subscribed!
meh your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
meh, your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
Well educated in the field of real estate investing. Refreshing. Found him only after many months of viewing videos posted by those without true knowledge or the ability to clearly explain everything. Thanks so very much!
thank you for the information that you shared. I really liked the fact that you had the info written out beforehand; it made everything flow smoothly and concisely. you spoke well, were very articulate and didn't stutter or use the word ummm. I was able to flow and grasp everything you said the very FIRST TIME; only having to rewind when my attention was diverted by other things. I will make sure I take a look at your other videos and like them because i'm quite sure if they are anything like this one; I will learn a lot. I have been self schooling myself in real estate for about 3 to 5 years now and I'm finally pulling things in order to launch into my dream job or should i say launch into "freedom" Thanks and my best of wishes, Anton
meh , your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
@@MetalBum meh, your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
@@jaymarcase9737 - You are from there. I'm not, neither My GrandParents nor, Great-GrandParents neither were their parents as well. IF there is any African Peoples Blood is in My Family's Bloodline, We ain't been African for a very, very, long time. I'm not saying this out of disrespect/hatred of Africa & the people of Africa. There's been Black People here in this land-mass called America several centuries before the Trans-Atlantic Slave-Trade, long before the straight-haired Asian-Descendant Indians. Besides, Indigenous People of Africa I know don't really call themselves African (only for arguments sake), they Identify with the name of their tribal nation. I know a lot of them from various countries and tribes. When You & them are cool with each other they will tell You the truth about what they know & don't know on their side of the waters about Us over here. So called *_"Black People"_* WE ARE EVERYWHERE ON EARTH!!! NOT *_ONLY_* FROM THE SLAVE TRADE!!! The tools to research is available You will see just how much You were LIED to. Reading one book is not going to have *_ALL_* the *_ANSWERS._* Books are written by whomever and they write whatever, mostly opinions and lots of times *_unsubstantiated facts._*
I've watch several videos on this topic and I'm really impress with his mannerism and approached. I knew to the market and still learning and would love a coach of this caliber
Wow, this is a good video, very detailed. Im currently looking into purchasing a multifamily small apt. building in my area and this is helping me with the process. Thanks Peter!
When discussing the 4unit vs 5units. He said after you fix it up you sell it. That is an option. Another option is you can do cash out refinance. Pull the equity out then take the money and repeat the process instead of waiting 2yrs to get a big return as compared to the 5plex. U can refinance after 6months with residential properties
I used to work in social services. I burned out but I use some of the skills I learned on building rapport with people. I worked with US Veterans at a prison I worked at and learned a lot from them. They are great.
meh, your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
I’ve been looking all over UA-cam for a great broken down video on this topic... Your video is my favorite. I’ll be checking out others and buying info that you sell as well. I love your teaching style...
Thank you for clarity, for your patience and for the care you take in teaching! I have learned way more from you than I’ve learned from hotshot channels promising the world. You have done a great job passing on knowledge and touching on important points as a real life investor that most can relate to! Well done, keep them coming! You are bringing the real deal inside scoop!
This video was excellent and answered alot of my questions. I came across your video by accident but..... I enjoyed the whole 30 min. And doesn't hurt that you are definitely a seasoned gentleman. Can't wait to see more videos
2nd video I see from you today. The first one got me looking into commercial RE investment. The 2nd, this one got me into looking for a 5 plus unit building. Did a little search using the site you said and already saw 2 good properties. Yes, just looking but will follow your suggestions. Awesome video, thanks a lot. Looking into your book as well. 👍
I have came upon this yesterday and have not stop watching , I learn more in 2 hrs that i learn fro those seminar charging $15000, ( never pay) plus more, sometime we have to be careful who we listen to
Mr. Harris, I stumbled across your youtube video and am glad I decided to watch. Your teaching and presentation technique is fantastic. Very clearly spoken and explained, easy to understand and broken up into small digestible chunks. I'm a fresh real estate investor looking for my first deal and am looking forward to watching the other videos on your channel to learn more about this fascinating business. What areas of the country do you see as good investments right now? Thanks!
Peter, You are simply amazing, teaching is your gift and your aura just draws people in, The way you pass on information is so great, Thank you for being so generous with information,.
It is my opinion that you should start with a 4 unit, especially if you cannot get a commercial loan for a 5-plex due to lack of multiunit experience. Also, 5+ unit pricing is also mainly determined by comps. The income approach for a 5 unit, for one, will often reflect a lower price than what comparables are selling for.
I've seen numerous videos and podcasts explaining residential investment properties. This is the first commercial one I've seen, and the equity advantage is immediately clear to me - provided the increase in rental income and/or decrease in CAPS. Question: Are 1031 exchanges between residential and commercial rental properties possible? Thanks for your time and commitment.
Your teaching style is amazing great video.....made it very simple to understand the real estate game people charge alot of money for this info..god bless you my friend and thank you for this info gonna watch this over n over
I really appreciate all the information that you're sharing with us! Your presentation works well with you establishing the rapport building you invest in your videos!
My first home was $9,500, with a $1000 down (1955).I had to get a Mortgage Broker to get financing @5%, instead of bank loan, since the home was 52 years old.. The home was easily convertible into a 'double", by simply adding a door to the second floor kitchen. There were two kitchens/ 2 baths, as a daughter and father shared the home.The rent I took in paid for 2/3 of the mortgage! A great starter home. Just needed lots of TLC to improve it. Attic had 2 BRs, but needed to be insulated.(50 years later ,it was listed at $37,000!) Most 4 BR homes can be converted quite easeably into doubles.
Hi Peter, I think you are just awesome! I can clearly see myself buying small apt. buildings versus the rat race of wholesaling houses which I have been doing for some time now. I am probably one of the most determined woman in this industry in my area believe me. I will be following you and paying close attention to your teachings and how to do more in Multi-Family Properties. Thank you for a great presentation I want my 2018 to be super as 2017 was not so bad but 2018 must be more promising.
im in Canada and looking to purchase my first apt building, owned several single families before, thanks for this great video that encougraged me to start a new chapter! ❤❤
Lovely explanations sir. I was really deseperate to buy a house to puts it under rentage. Ooh my God my money was seize by Some law farm because of my ignorance the interst rate of califonia and Bioston is way higer. I really jupadize my self. When that money was seize. I have learnt a big lesson this time. I am crying in my heart when i will get that kind of money agin in my life. Look how i am learning outstanding teaching of how to work on home affairs. Blessed teaching. Sir
As a first time multi unit investor I understand what you are saying about ability to greater increase the value of a 5+ unit property. But what about the opportunity to qualify for a FHA loan and owner occupy one unit for a year in a 4 unit - and only have to put down possibly 4-5% including closing costs? As a first entry into RE investment, this concept has been resonating with me. And it also seems to be a way to maximize leveraging other peoples money for a higher return on actual out of pocket investment. I am new to all of this and am educating myself before making the plunge. I am receptive to advice/ opinions. Thanks!
I absolutely respect this man for the work he does. If your ever considering Udemy to teach your courses. I know for a fact you will have tremendous success.
Thx sir for explaining this very valuable option in Real Estate. I was stuck on buying a multiplex somehow in the near future but now I know apt building of at least 5 or more units is a better option to earn income and also being the owner. I don't have any money saved that I can put towards property ownership right now but I'm looking into housing grants to assist me in the process of purchasing property in my own name.
Hi Peter, thanks for all the informative videos on UA-cam. Loving the contents and You are a great teacher! I am wondering if it would be better to do a cash out refinance on your home or existing rental property in purchasing the second rental property from tax standpoint assuming there isn’t any mortgage on either property. Thank you
Putting down 3-5% isnt good advice. A lot of people end up underwater, monthly profits are going to be low, higher risk, plus additional costs for PMI. Last, most people can't apply for a 3-5% loan unless you are going to be living in the property. I've been to 20-30 banks, and not a single one will finance a rental or second home for under 15% down. I'm sure there are some out there, but its going to be shady. 20% down is a good balance of leverage, risk tolerance, and cash flow.
Really happy to kick ass educational content in growing investors. Thank you for helping new investors AND empowering entrepreneurs to help provide REAL affordable housing by increasing the supply of housing.
Wow. This guy is great. Gus Faring, eat your heart out. He reminds of that character from Breaking Bad TV Show. 😂. I’m now a subscriber and a follower. Can’t wait to binge watch these incredible videos.
Buy your first multi family small apartment building with my help by applying for my Protege Program: www.commercialpropertyadvisors.com/protege-program
How refreshing to see a guy that can teach without feeling like your being in a sales presentation.
Great instructor. I've read and purchased several of his, Great books! I LIKE THIS DUDE LOL! 😁
seriously. Respect
Nuff Said...
samiproductions damn bitch I’ve never made love to a white woman. You look gorgeous!
@@stepzyt3889 really nigga?
This is the first video that I've watched that the teacher actually tells you how to actually accomplish a goal!! Not just dance around the subject and leave you empty.
🙌🏿
Exactly.
AND a pleasure to listen to...
Exactly, most people danced around the subject because either they trying to make money off you or they don't want you to outdo them in business, especially on social media, they always trying to charge you thousands of dollars for a class I still going to dance around and not teach you what you really want to know and they still get to collect money
Finally someone that make sense rather than attending a hotel seminar to sign up for money. Peter, thanks for the lesson. Please consider during more videos. Thanks for helping a novice. RJ
Thalia
Fit freak 100 %Correct
Fit freak Don't forget you have the so-called gurus that are peddling there products so with that said the some of thumbs down come from them and there staff.
Those hotel seminars are among the biggest jokes in the world. Last one I went to was a bunch of wealthy operators talking about how they throttle broadband when they see a room watching to much netflix and so forth.. yawn.
Thalia Jones 🤣
I’ve learned so much in this half hour video. I love how you actually explained the reasons WHY and not only the how in purchasing your first multifamily building. Also, your calm demeanor and thorough explanations are appreciated. I never even considered all the different ways of financing a deal. I thought the only way to finance a deal would be to have my own capital and go to a bank or broker for a loan.
Currently, I’m managing an investment condo and a SF home for my mother who now has dementia and can no longer take care of her properties. I actually enjoy managing her properties, and my dream is to purchase my own building. I don’t want anything too much, just up to a 10 unit building. If that goes off well, I would like to purchase another. I want to have cash flow and have generational wealth. Thank you for the video, I subscribed!
Go go go Queen and God bless you always 🙏
meh
your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
Thank you for not clapping your hands and dancing around the subject.
.
😆
I love how you teach. THIS is how to present a topic. Instructors could do well to emulate you. Bravo!
meh,
your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
This is honestly the best RE video I’ve ever seen on internet. I really appreciate his teaching style and calm demeanor.
I'm 22, almost going to graduate, and finance my first small apt building =)
i'm also 22 and soon to graduate. best of luck to you!
Well I imagine it would take him 1 - 2 years to save up for that down payment.
Kool
Did you end up getting your property yet?
@@XxMobileWizXx that's nothing man, if you are young.
Very well spoken gentlemen, professional and honest
I love this Peter, so humble and articualte. Thanks for creating and sharing this know how.
Your teaching style is amazing. Thank you so much for the great information I am definitely following you
Best teacher I have ever had.
Well educated in the field of real estate investing. Refreshing. Found him only after many months of viewing videos posted by those without true knowledge or the ability to clearly explain everything. Thanks so very much!
This guy has a nice personality
J'Artagnian Copria Classy👑
Professional
Ok 🙄
@@floriderllc6862 ok
thank you for the information that you shared. I really liked the fact that you had the info written out beforehand; it made everything flow smoothly and concisely. you spoke well, were very articulate and didn't stutter or use the word ummm. I was able to flow and grasp everything you said the very FIRST TIME; only having to rewind when my attention was diverted by other things. I will make sure I take a look at your other videos and like them because i'm quite sure if they are anything like this one; I will learn a lot. I have been self schooling myself in real estate for about 3 to 5 years now and I'm finally pulling things in order to launch into my dream job or should i say launch into "freedom" Thanks and my best of wishes, Anton
You're a great teacher. Thanks a lot!
Agreed
meh
, your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
@@MetalBum meh, your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
Role models like this really can help the African American community. Good Job!!
He's a black American not a African no point in calling this man African American if we can't call white Americans European Americans
unknownprofiler might want to read a book...African Americans are from Africa.
Too bad mainstream media loves showing thugs and crooks rather than gentleman like him.
@@jaymarcase9737 - You are from there. I'm not, neither My GrandParents nor, Great-GrandParents neither were their parents as well. IF there is any African Peoples Blood is in My Family's Bloodline, We ain't been African for a very, very, long time.
I'm not saying this out of disrespect/hatred of Africa & the people of Africa.
There's been Black People here in this land-mass called America several centuries before the Trans-Atlantic Slave-Trade, long before the straight-haired Asian-Descendant Indians.
Besides, Indigenous People of Africa I know don't really call themselves African (only for arguments sake), they Identify with the name of their tribal nation. I know a lot of them from various countries and tribes.
When You & them are cool with each other they will tell You the truth about what they know & don't know on their side of the waters about Us over here.
So called *_"Black People"_* WE ARE EVERYWHERE ON EARTH!!! NOT *_ONLY_* FROM THE SLAVE TRADE!!!
The tools to research is available You will see just how much You were LIED to. Reading one book is not going to have *_ALL_* the *_ANSWERS._* Books are written by whomever and they write whatever, mostly opinions and lots of times *_unsubstantiated facts._*
I've watch several videos on this topic and I'm really impress with his mannerism and approached. I knew to the market and still learning and would love a coach of this caliber
This is the first video I've seen on here and I can already tell this is going to be my favorite channel on UA-cam. Excellent information.
Wow, this is a good video, very detailed. Im currently looking into purchasing a multifamily small apt. building in my area and this is helping me with the process. Thanks Peter!
Thank you. This covers everything I need to know! I'm going to watch all your videos.
As a complete newbie jumping over to this side, this was beyond phenomenal!!
Thank you very much!! 🙏🏼
#ThinkAndGrowRich
When discussing the 4unit vs 5units. He said after you fix it up you sell it. That is an option. Another option is you can do cash out refinance. Pull the equity out then take the money and repeat the process instead of waiting 2yrs to get a big return as compared to the 5plex. U can refinance after 6months with residential properties
This one of the best videos I've seen on this subject. I'll be watching more!
I used to work in social services. I burned out but I use some of the skills I learned on building rapport with people. I worked with US Veterans at a prison I worked at and learned a lot from them. They are great.
Thanks...finally someone who speaks English. You get straight to the point.
Thank you for not trying to sell me a ticket to a seminar ❤️
This was great! No fluff, straight to the point. A great foundational video. I live in Chicago and I plan to take advantage of my newfound knowledge.
meh,
your still just a slave . . .paying a corrupt administration of your "countrymen". . for their permission to exist. . . and pretending its some grand achievement. . pathetic!!!
I’ve been looking all over UA-cam for a great broken down video on this topic... Your video is my favorite. I’ll be checking out others and buying info that you sell as well. I love your teaching style...
Easily one of the best commercial RE video I’ve seen! Thank you for posting
Ambition,persistamce&Specialized knowledge✔
Thank you for clarity, for your patience and for the care you take in teaching! I have learned way more from you than I’ve learned from hotshot channels promising the world. You have done a great job passing on knowledge and touching on important points as a real life investor that most can relate to! Well done, keep them coming! You are bringing the real deal inside scoop!
my goal in 5 years is start doing that
after i pay my business loan on my trucks and keep saving
awesome video
This video was excellent and answered alot of my questions. I came across your video by accident but..... I enjoyed the whole 30 min. And doesn't hurt that you are definitely a seasoned gentleman. Can't wait to see more videos
I was so bless with all the info he shared. He was very methodical and his way of explaining was simple to understand.
Nugget after nugget in these videos
Absolutely zero fluff & 100% to the point
Thank 🙏 you
I'm loving this I'm coming to class to every video there and after. This is my 1st video. Thank you so much Sir I wish you were in NYC.
please consider writing a book on this subject only. I'll be the first one to buy. all of your videos are properly organized and understandable.
Jacob Anderson isn't the book the first thing he talks about? Commercial Real Estate for dummies?
Taxes
Jacob Anderson fUs
@@VegetaThoughts This book is perfect for @jacobanderson...clearly he doesn't even know how to pay attention.
Peter also co-wrote "Commercial Real Estate for dummies" plus and ebook available online plus a course of discs with Donald Trump about Real Estate.
Talk about a Eureka! moment.
If they’re listed, they’re generally not good deals.
The only thing that happens between initial sale and LoopNet is the price has stayed the same, or gone down.
2nd video I see from you today. The first one got me looking into commercial RE investment. The 2nd, this one got me into looking for a 5 plus unit building. Did a little search using the site you said and already saw 2 good properties. Yes, just looking but will follow your suggestions. Awesome video, thanks a lot. Looking into your book as well. 👍
What do you think about buying a small piece of land and putting a small kit house on it then renting that out?
Great video… very informative instructor. Intelligent, experienced, and extremely clear. You were born to teach.😇
This is how I learn....in this fashion!! Not someone yelling and me feeling pressured to buy their coaching lessons.
We need more instructors like you!!!!!
Great information Peter! Really enjoyed your teaching style, upfront, clear and concise.
I have came upon this yesterday and have not stop watching , I learn more in 2 hrs that i learn fro those seminar charging $15000, ( never pay) plus more, sometime we have to be careful who we listen to
It's great to see a real life instructor whose not trying to sell something. Thank you
Mr. Harris, I stumbled across your youtube video and am glad I decided to watch. Your teaching and presentation technique is fantastic. Very clearly spoken and explained, easy to understand and broken up into small digestible chunks. I'm a fresh real estate investor looking for my first deal and am looking forward to watching the other videos on your channel to learn more about this fascinating business. What areas of the country do you see as good investments right now? Thanks!
+B Yama All of them, in their own special ways :)
What company do you use for your owner list.
Thank you for sharing this information. The more you truly enjoying helping ppl and improving their lives, the easier it gets
Amazing video and straight to the point.
I have learn a lot in a half hour! Keep up the good work sir.
Best content i have seen all day on youtube thank you very much
Why are you so awesome. Feel like I owe you money after such great teaching
Great Video teaching.....you have gained a new student...Thank You!
Lamont Andrews under
Oh my Lord yes, I love this Channel! Thank you so much for everything!
Such an inspiration to hear and learn. Thank you Peter!
This brother was dropping gems, I love it. You have gained a subscriber .
You are a flawless educator sir, I applaud you, please keep doing so. Thank you
Always, precise, relevant, comprehensive information, and practical guidance from Peter Harris. Thank you!
Peter, You are simply amazing, teaching is your gift and your aura just draws people in, The way you pass on information is so great, Thank you for being so generous with information,.
People are selling this type of information for 10.000. Thanks you for being transparent!
I really appreciate your presentation and your method of teaching. Great Job!
I'm a first timer, beginner. Thumbs up. I need to know this.
can we talk about your experiences thus far investing?
How is your luck?
This man is so smart! Why don't people think like this guy???
Hats off to this guy, I would pay good money for this kind of info!
It is my opinion that you should start with a 4 unit, especially if you cannot get a commercial loan for a 5-plex due to lack of multiunit experience. Also, 5+ unit pricing is also mainly determined by comps. The income approach for a 5 unit, for one, will often reflect a lower price than what comparables are selling for.
Duplex, Triplex, Fourplex
Awesome entry points
Seen this videos years ago, finally looking to buy commercial now after doing residential for years
Thanks for the valuable info!
Great Coaching.
Wow, best real estate video I've seen! So informative. THANK YOU!
I've seen numerous videos and podcasts explaining residential investment properties. This is the first commercial one I've seen, and the equity advantage is immediately clear to me - provided the increase in rental income and/or decrease in CAPS.
Question: Are 1031 exchanges between residential and commercial rental properties possible? Thanks for your time and commitment.
Yes. It applies to ALL real property, residential or commercial.
You write extremely well on a whiteboard for being left handed.
Your teaching style is amazing great video.....made it very simple to understand the real estate game people charge alot of money for this info..god bless you my friend and thank you for this info gonna watch this over n over
I really appreciate all the information that you're sharing with us! Your presentation works well with you establishing the rapport building you invest in your videos!
My first home was $9,500, with a $1000 down (1955).I had to get a Mortgage Broker to get financing @5%, instead of bank loan, since the home was 52 years old.. The home was easily convertible into a 'double", by simply adding a door to the second floor kitchen. There were two kitchens/ 2 baths, as a daughter and father shared the home.The rent I took in paid for 2/3 of the mortgage! A great starter home. Just needed lots of TLC to improve it. Attic had 2 BRs, but needed to be insulated.(50 years later ,it was listed at $37,000!) Most 4 BR homes can be converted quite easeably into doubles.
Hi Peter, I think you are just awesome! I can clearly see myself buying small apt. buildings versus the rat race of wholesaling houses which I have been doing for some time now. I am probably one of the most determined woman in this industry in my area believe me. I will be following you and paying close attention to your teachings and how to do more in Multi-Family Properties. Thank you for a great presentation I want my 2018 to be super as 2017 was not so bad but 2018 must be more promising.
Margaret Tate Hello,
I am new can I have your email on a little guidance?
Thank you
This is the best video about RE I have ever seen!!! 🙏 😃
I wish I could have personal training and guidance from this gentleman.
You can
im in Canada and looking to purchase my first apt building, owned several single families before, thanks for this great video that encougraged me to start a new chapter! ❤❤
You are welcome! Let us know if you want hands-on guidance: propadvsr.com/applyhere
Finally someone that really teaches with out asking for money. Thank you!!!!
Good guy Peter Harriss, picking up your books!
Fantastic content. Thank you!
Lovely explanations sir. I was really deseperate to buy a house to puts it under rentage. Ooh my God my money was seize by Some law farm because of my ignorance the interst rate of califonia and Bioston is way higer. I really jupadize my self. When that money was seize. I have learnt a big lesson this time. I am crying in my heart when i will get that kind of money agin in my life. Look how i am learning outstanding teaching of how to work on home affairs. Blessed teaching. Sir
As a first time multi unit investor I understand what you are saying about ability to greater increase the value of a 5+ unit property. But what about the opportunity to qualify for a FHA loan and owner occupy one unit for a year in a 4 unit - and only have to put down possibly 4-5% including closing costs? As a first entry into RE investment, this concept has been resonating with me. And it also seems to be a way to maximize leveraging other peoples money for a higher return on actual out of pocket investment. I am new to all of this and am educating myself before making the plunge. I am receptive to advice/ opinions. Thanks!
Did you take the plunge yet?
Fantastic video, Sir!
Like how your explaining the process in l lament terms. Thanks Peter god bless....
💖 it!!! ur my new Mentor
This was awesome! I'm gonna spend all day tomorrow watching your videos with a notepad! Thanks!
Thank you for being a smart teacher without all the fluff and fool stuff.
Hi Mr, Harris
It's very Clear and well-explained, easy to understand.
Thank you
Johnny
I absolutely respect this man for the work he does. If your ever considering Udemy to teach your courses. I know for a fact you will have tremendous success.
I already have one. It's been on their platform for several years and has done very well.
@@CommercialPropertyAdvisorsWhat’s the name of your Udemy course?
Here it is: @@nakzadi4015 www.udemy.com/course/commercial-real-estate-investing-for-beginners/
Thank you so much for this video! This is by far the most explanatory video on commercial real estate I've seen yet
Thx sir for explaining this very valuable option in Real Estate. I was stuck on buying a multiplex somehow in the near future but now I know apt building of at least 5 or more units is a better option to earn income and also being the owner. I don't have any money saved that I can put towards property ownership right now but I'm looking into housing grants to assist me in the process of purchasing property in my own name.
Just bought your book, thanks for this channel!
Brilliant - can’t wait to jump in
Hi Peter, thanks for all the informative videos on UA-cam. Loving the contents and You are a great teacher!
I am wondering if it would be better to do a cash out refinance on your home or existing rental property in purchasing the second rental property from tax standpoint assuming there isn’t any mortgage on either property. Thank you
a 4 family to 1 family require 3% to 5% down where a 5 family to a 100 plus family is 20% down .
Which the latter is good because it doesn’t allow you to over leverage.
Putting down 3-5% isnt good advice. A lot of people end up underwater, monthly profits are going to be low, higher risk, plus additional costs for PMI. Last, most people can't apply for a 3-5% loan unless you are going to be living in the property. I've been to 20-30 banks, and not a single one will finance a rental or second home for under 15% down. I'm sure there are some out there, but its going to be shady. 20% down is a good balance of leverage, risk tolerance, and cash flow.
Right now banks want 25% down
Douglas Carpenter I just got 2 loans this month at 20% for 2 duplexes.
Really happy to kick ass educational content in growing investors. Thank you for helping new investors AND empowering entrepreneurs to help provide REAL affordable housing by increasing the supply of housing.
Very well presented Atlanta GA
Wow. This guy is great. Gus Faring, eat your heart out. He reminds of that character from Breaking Bad TV Show. 😂. I’m now a subscriber and a follower. Can’t wait to binge watch these incredible videos.