🛑BEWARE OF SCAMS IN THE COMMENTS! 🛑If you enjoyed this video, you should watch - How To Buy A Home The Right Way: ua-cam.com/video/gz5LjPFO1NY/v-deo.html
My goal before the pandemic was to do rentals (SFH and 4plex) but these eviction bans have really shaken my faith in this. What is your view on the eviction ban? 2 of my friends with rentals had tenants who stopped paying.
@@smittyguggs2309 if someone is in my property and not paying for use of that asset, they need to be gone. The government shouldn’t have that authority. And it completely changes my interest in renting residential property if they can. If the government wants to pickup the tab, then ok, but otherwise that tenant needs to go.
I want to invest in rental property but idk if a bank would lend me money due to my debt to income. Do the banks take the investment property income in the loan:debt factor? That's the only reason I havnt applied because I don't think I could take in more loans. Or do I get a land contract, rent it, then try and get a loan since you can show proof of income?
Facts you just gotta have that minority mindset. Your family will find you weird not doing the traditional college university route but will thank you later for the Mansion you buy for them later and the financial freedom you created.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!
My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up..
I have always enjoyed how Jaspreet relays his messages. Unlike many others; the manner in which he approaches his lessons of finance are never condescending or arrogant. He comes accross as being so down-to-earth, humble and genuine in his teachings. At the end of each video I have a sense of empowerment and a wealth of usable knowledge, opposed to feeling lost in the financial lingo or feeling stupid when bombarded with concepts that go over your head. Keep your approach the same, Jaspreet. You and your team are undoubtedly deserving of reaching the 1M mark. We truly appreciate it!!
I totally agree!! He seems like one of the only big finance UA-camrs that doesn't seem like they're milking the UA-cam and course money, and the videos aren't just basic info or misleading surface level info like so many others! I actually feel like I'm learning something! He holds 100% of my respect!
Has to be stocck. Made my first millions through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
One thing you missed regarding property management companies. The good ones are well versed in landlord/tenant laws, so they will guide you away from troubling people and issues. They also protect you from yourself...
@ Jaspareet can you make video of how to set up LLC and how to property management from states away like programs that do everything and keep track of your properties renters ect?
jaspreet please duplexes are selling for 600,000 and up how am i going to make a profit there is nothing selling for 150,000 like you explained in your viedo
Jaspreet!!! I work in flooring and laminate is not waterproof. They market it that way but it is in reality not. Go with LVP instead, that is true waterproof
Hello Jaspreet, I would love to see you do a clip on adding an ADU to rent, the do's and don'ts. It's so expensive to buy in Southern CA, what I am currently working on is building an ADU in the back of my property. My hopes is I can rent this ADU for enough to just cover my mortgage payment I currently living in and paying or close to it. I would do this for a year so I can save the $$ income from the back rental. Then after a year "hopefully" house prices will come down just a bit and I can move out of the property itself and rent both the home I'm living in and the ADU I am adding. The ADU pays for the front house, the front house would help pay 1/4 of my new home and the rest I would save another year to cover emergencies then after the year I would take the 3/4 and add it to the 1st original house mortage to pay it off faster. Anyway, love to see you talk about this.
I agree with you that real estate is a fantastic investment opportunity, and owning a tangible asset provides peace of mind. Your 10 tips for buying your first rental property were very informative, and I appreciated your advice on location, cash flow, negotiations, inspections, financing, legal matters, renovations, finding tenants, making the property passive, and selling the property. I especially appreciated your advice on thoroughly researching the location before making an offer. Walking the neighborhood, looking for signs of neglect or decay, and investigating the flow of money and potential for development are all excellent tips.
I list my available rentals for under the market rate by a few bucks, which guarantees more people will apply. The more applications, the better your chances of finding a solid-gold tenant. I'd rather leave $50 per month on the table than have to deal with eviction issues, constant whining, and unreliable income streams from renters. Remember, YOU get to choose who gets the keys. And you can always raise the rent a little when the first lease expires.
The city laws are super important, it once took my father 6 months to evict a family that didn’t pay rent . We lost out on nearly a years worth of rent .
I love this channel and value your opinion. I’m not much of a commenter but I know it helps bring the channel more volume… so here I am commenting 😂 this channel provides great to the point information and some good humor. Thanks to the host and all developers
Also wanted to chime in that zillow's property manager is a great tool if you have a small number of rentals. It looks at the laws in your state when it comes to building your lease and you can screen your tenants with a background check and credit score right there. I personally love this method and I don't have to pay a property management company for any of it. It's a free tool btw. For a newer property, you could just sit back at this point and watch it make money for you. If your property is older, then definitely have your top 5 (plumber, electrician, etc) numbers on standby. It's not difficult to manage yourself if you've got the willpower.
I appreciate your knowledge man, I have made the first step, after doing my due diligence, to getting pre approved for a loan to get my first rental property. I'm in Baltimore and I can't stand seeing these houses just boarded up in the city but in certain areas new construction is coming in (some areas are already turning around) and that's where Ima scoop up one of these low priced flips and rent it out. I know I can make it happen! 💪🏾
Fantastic overview, Jaspreet. I have five rentals and this advice is solid gold. I apply these rudimentary rules every day when looking for my next purchase. Listen to Jaspreet, people. He's showing you how to really crunch the numbers.
Sounds like you’re talking about Baltimore City…..homes on the east side of I-83 are more expensive then those on the west side of I-83, when you traveling north from the city’s center.
Thing to note about leveraging the equity from an investment property: If the investment property has increased in value since you acquired it, using the equity in the property to purchase a new property may result in a higher CGT liability when you eventually sell the investment property.
Hi Jaspreet! Regarding rental property... May I know what is the ideal number of units to acquire so that when there are vacancy, the cash flow can still cover the mortgage? Thank you!
What a massive amount of knowledge in this video.!!Thank you so much for taking the time to put this out. Best of luck in your real estate journey, to everyone above and BELOW!
Hi, quick question: Do you do any Air BnB properties as opposed to old-school tenants? I know you can make quite a bit more per month leasing short-term rentals, but the operating costs would be higher. Wondering our thoughts on this area.
Hi Jasper, I live in Berlin, Germany. The price of real estate is highly inflated. Would you please take a look at the property scene here and comment on it.
Everyone always gushes about cash flow when it comes to real estate. For me though I am more excited about building equity in a property. Because when you have enough equity you can do a cash out refinance. As long as you don't refinance it for more than you originally paid for the property your payment wont change and since you are technically taking on debt, all that equity that you just pulled out you get to put in your pocket tax free. You can then use that money to buy the next property, or a lambo. 😎 Also since real estate almost always goes up in price over the long term when you are ready you can still sell the property for more than you owe. This way you just don't have to wait until you sell to get access to that money. So even if a property doesn't cash flow as much as you like, every payment is still building some equity that you can tap into.
Your videos are absolutely the best !! your ability to explain in a way that anyone can understand is astonishing !!!! I however have ONE question, regarding renting a property, or selling it? As you know the housing market went nuts when covid hit, and I was unable to purchase a home due to the cash buyers etc.. So we decided to Built a home on a piece of property. Now the way the market is, and rents so high, and homes going up in price to much .. We are thinking of possibly staying where we are for a bit longer.. and when the home is built, do we sell it? or rent it out? reason for a might want to sell is simple, the home isn't even done being built yet, and.. the BASE price of the home, has gone up $100k , and that's the base, we have about $60k in upgrades done to the home, from raising the roof another 2 feet, to glamour master bath/walkin closet, to upgraded stainless steel etc in kitchen appliances.. etc. ) SO that $60k has gone up to have that work done too.. We suspect by the time it's done being built.. we should have about $120k + in equity ) seems if we sell it, pay back $ and take that 120k and purchase a duplex or something?? or should we rent it out, i'm sure we can in this market get $2400 a month for a 4bd /2th home on a little over an acre of land? Just outside the city a bit. .. Another issue is the mortgage rates have climbed.. and we put down 3.5% to have it built, @ 2.75% interest rate. and the mortgage has a clause in it, that if we sell it, we can sell it transferring the 2.75% interest rate with it?? ( I'd never heard of it? but title lady had ) . . SO we are not sure what to do? move into our home, rent it and make at least 700-800 a month extra renting it? or sell it and take the $120k+ .. curious to know what you'd do in the situation?
Love the content! Problem with real estate especially in NY where I live is the laws are totally in favor for tenants. On average before covid it took 3-4 months for eviction process. Now with covid it's probably impossible to get someone out without resorting to old school tactics. I'll stick to buying businesses and stocks.
Good information. I personally feel that everyone should manage at least one or two of their properties in the beginning. Just for the experience and learning to appreciate the entire process.
I've only watched 5 minutes, but so far just appreciate you making the video and a breakdown. I have had rental properties in past, but I do not want to work for people for the rest of my life, so I am going back in...
Thank you so much for your videos! They are very informative and you walk us through every step and you also talk about the pitfalls. You keep it real; I appreciate that. Unlike most of these other UA-cam videos that only tell you to invest but don't show you how.
Letting fear drive your investment decisions may seem counterintuitive ,so pay attention to the market and be skeptical about what the crowd is doing. It's not always easy to do what's not popular, but that's where you make your money. Go against the stream and choose investments whose potentials are overlooked.
Real estate investments can be emotionally exhausting . Positive Results are guaranteed more if one works with a reliable professional. My most sincere take though!!
@@thomasritchie384 How do one know a reliable broker or mentor to guide you on investments considering the heavy presence of scams in our social media space..
How are the Lawyers, the cost of setting up an LLC, Realtors and Inspectors included in the monthly payout? Would setting up a retainer be the way to go? What do you do to find "hungry" people to work with?
Jespreet you are awesome 👌 i just found you. And loved the way you explain. Just wished i had teacher like you back in school, high school, college. And mentor for life. 🙏🤜🤛 ( tusi gr888 ho) present kabool kerro. Love u. Thank you
I have been a real estate investor for 42 years. I love real estate; however, I have some advise. Avoid HUD/ Welfare tenants. These folks feel entitled, demanding and lack work ethic. Personal responsibility is an anathema to the welfare class. Since your tenants are making your payments, buy something nice. $ 2,000-$2,500 monthly rent is my prime target. Be fair; what goes around comes around. Don't gouge your tenants. With all cash or fixed mortgage purchase, there is no need to gouge your tenants. It is win/win.
I don’t own my home. I purchased a rental duplex in a depressed area that showed signs of early community revitalization for $89900 using a conventional loan with 25% down and no PMI at 3.5% interest rate. Rent was $1830 combined. Minor repairs were done with tenants rent money. I only pay for the water bill every 3 months under $200 and $150/ Mo for rental management/ handyman. Good or bad deal?
🛑BEWARE OF SCAMS IN THE COMMENTS! 🛑If you enjoyed this video, you should watch - How To Buy A Home The Right Way: ua-cam.com/video/gz5LjPFO1NY/v-deo.html
My goal before the pandemic was to do rentals (SFH and 4plex) but these eviction bans have really shaken my faith in this. What is your view on the eviction ban? 2 of my friends with rentals had tenants who stopped paying.
@@TheDiverJim they dont have to stop paying rent. Its an eviction ban that's all
@@smittyguggs2309 if someone is in my property and not paying for use of that asset, they need to be gone. The government shouldn’t have that authority. And it completely changes my interest in renting residential property if they can. If the government wants to pickup the tab, then ok, but otherwise that tenant needs to go.
I want to invest in rental property but idk if a bank would lend me money due to my debt to income. Do the banks take the investment property income in the loan:debt factor? That's the only reason I havnt applied because I don't think I could take in more loans. Or do I get a land contract, rent it, then try and get a loan since you can show proof of income?
@@e8a284 if you are covered in bad debt, you need to fix that problem before you can be in a position to rent property
Every family has a person who breaks the chain of poverty. I hope you will be that person! Real estate is one of those things
Facts you just gotta have that minority mindset. Your family will find you weird not doing the traditional college university route but will thank you later for the Mansion you buy for them later and the financial freedom you created.
1000th time I saw this.
I am that one for my family thanks to these videos, keeping a budget, advancing through work, and eliminating my debts.
@@p3ter408 The mansions for me.
Sadly there's someone in the family who will buy the chains back with stupidity too.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!
My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up..
This man is dropping hundreds of dollars worth of knowledge for free.
@SørenCast Z No Doubt, this is a really good video! Great Break Down on Cash on Cash returns and evaluating rental properties to buy/sell
And there are people who pay for this information. Free knowledge this guy is the goat
To be fair he has 1m subs. So its not frer. He is being paid
@@sagepirotess6312 that's fair? 🤡
@@sagepirotess6312 True, but we are not directly paying him for this like you would for other educational courses
I have always enjoyed how Jaspreet relays his messages. Unlike many others; the manner in which he approaches his lessons of finance are never condescending or arrogant. He comes accross as being so down-to-earth, humble and genuine in his teachings. At the end of each video I have a sense of empowerment and a wealth of usable knowledge, opposed to feeling lost in the financial lingo or feeling stupid when bombarded with concepts that go over your head.
Keep your approach the same, Jaspreet. You and your team are undoubtedly deserving of reaching the 1M mark.
We truly appreciate it!!
I totally agree!! He seems like one of the only big finance UA-camrs that doesn't seem like they're milking the UA-cam and course money, and the videos aren't just basic info or misleading surface level info like so many others! I actually feel like I'm learning something! He holds 100% of my respect!
This videos is so informative, that I turned my adblocker off to show my respect and gratitude.
Adblocker you say ? Tell me more
LOL
@@steveokingz just use Brave Browser if you do not like ads. When I go on UA-cam via Brave I do not get those google ads ever 10 friggin seconds lol
Wow so gracious
This video has a lot of information. I recently got a propertyy on the high side. Who knows how
Has to be stocck. Made my first millions through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
@@dannywalters958 Who is this pro you worked with please
@@burrussroger7352 Kara Kay Nixon. Look it up
@@dannywalters958 Met her once at a seminar in Dallas. Great speaker.
Stripping?
lol
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
Money is part of what caused the great depression. . and will again. Lol.but nevermind. Keep worshipping it. . and all the problems it helps maintain.
Great quote by Earl Nightingale
“Invest in a cute home then you get cute profits “ 😆
16:18
And cute neighborhood
i sincerely thank you passing on your knowledge. you're the man!
This One Video Explain EveryThings to new Investor . Jaspreet Veer - Great Work .
I can't wait to buy my first rental property!
Hey awesome! I'm glad you have 500k sitting around to fucking invest in real estate. Must be fucking nice
One thing you missed regarding property management companies. The good ones are well versed in landlord/tenant laws, so they will guide you away from troubling people and issues. They also protect you from yourself...
This was the best real estate video I've ever seen, thank you Jaspreet!
Sheeesh 40 minutes of straight knowledge 🔥🔥
I appreciated the practical advice on property inspections and due diligence. Skipping this step can lead to costly mistakes down the line
Japreet with the wisdom, and what I love is he doesn't try to sell you courses or subscriptions!
One of the only big finance UA-camrs I don't feel are just trying to milk the money and are actually genuinely wanting to help!
@@trevorbrennan7910 same here. I wont mention names, but some are just monetizing EVERY single thing they can
I'm glad he's not trying to sell us a 7k course like others 😂
@@kirisutegomen12 or post live videos that you have to pay to chat on
@ Jaspareet can you make video of how to set up LLC and how to property management from states away like programs that do everything and keep track of your properties renters ect?
jaspreet please duplexes are selling for 600,000 and up how am i going to make a profit there is nothing selling for 150,000 like you explained in your viedo
Jaspreet!!! I work in flooring and laminate is not waterproof. They market it that way but it is in reality not. Go with LVP instead, that is true waterproof
Time to let the extra guac build up!🥑
The amount of knowledge in this video is paramount
This is, by far, the BEST personal finance channel I've come by. Thank for your generosity.
This channel fucking sucks. Talks about everything as if people just have 50k to drop casually
The moment he says "SMASH THAT LIKE BUTTON" I feel like a 1st grader paying attention to my teacher 🤭😂😂😂
Much love for the family
W_H_A_T_$_A_P_P for proper feedback 📩
+_1^^(5 7 4 )^^2..8..5..5..7..4..0
Bought my first rental property yesterday so your timing is perfect thank you 🙏🙌
Do well to correspond
1..(.5..1..7.).5...6...9...7...8...5...1
W. H. A. T. A. P. P
Thank you. I’m studying for the Real Estate Sales Agent. This videos help a lot. I appreciate it you.
Real talk, I never subscribe to videos, but you got my subscription with this one.
You a real one for this vid. Much appreciated.
You are awesome!
Love real estate, love Minority Mindest... this is definitely my video!!! 😉😉😉
Love you too, Really Appreciate your feedback.
Feel free to get in touch for proper portfolio management services and analysis
Thank you for good explanation..learning better..
Your channel is hands down the best when it comes to money talk and advice
Hello Jaspreet, I would love to see you do a clip on adding an ADU to rent, the do's and don'ts. It's so expensive to buy in Southern CA, what I am currently working on is building an ADU in the back of my property. My hopes is I can rent this ADU for enough to just cover my mortgage payment I currently living in and paying or close to it. I would do this for a year so I can save the $$ income from the back rental. Then after a year "hopefully" house prices will come down just a bit and I can move out of the property itself and rent both the home I'm living in and the ADU I am adding. The ADU pays for the front house, the front house would help pay 1/4 of my new home and the rest I would save another year to cover emergencies then after the year I would take the 3/4 and add it to the 1st original house mortage to pay it off faster. Anyway, love to see you talk about this.
I agree with you that real estate is a fantastic investment opportunity, and owning a tangible asset provides peace of mind. Your 10 tips for buying your first rental property were very informative, and I appreciated your advice on location, cash flow, negotiations, inspections, financing, legal matters, renovations, finding tenants, making the property passive, and selling the property. I especially appreciated your advice on thoroughly researching the location before making an offer. Walking the neighborhood, looking for signs of neglect or decay, and investigating the flow of money and potential for development are all excellent tips.
Thought about renting but with this covid thing, it scares the hell out of me. Landlords are getting totally screwed
If you don’t do it someone else will do it for you.
Like me
@@InvestAndGrow2020 good for you buddy. Wish ya luck.
You don’t need to rent to shady people.
be VERY PICKY when you choose tenants. I have never had a non payment issue. Even throughout the last year.
I list my available rentals for under the market rate by a few bucks, which guarantees more people will apply. The more applications, the better your chances of finding a solid-gold tenant. I'd rather leave $50 per month on the table than have to deal with eviction issues, constant whining, and unreliable income streams from renters. Remember, YOU get to choose who gets the keys. And you can always raise the rent a little when the first lease expires.
Jaspreet I'm watching from South Africa i can't thank you enough
This video is worth a million 👌
The city laws are super important, it once took my father 6 months to evict a family that didn’t pay rent . We lost out on nearly a years worth of rent .
Thats actually the most important rule.
+Roberto gomez
Let me guess, it was in California
don't rent your property in liberal run cities.
should have sold it while they in there
I love this channel and value your opinion. I’m not much of a commenter but I know it helps bring the channel more volume… so here I am commenting 😂 this channel provides great to the point information and some good humor. Thanks to the host and all developers
Has anyone ever told you, you got the most OG thumbnails on earth? Jaspreet droppin bombs, thanks for spreading knowledge.
Also wanted to chime in that zillow's property manager is a great tool if you have a small number of rentals. It looks at the laws in your state when it comes to building your lease and you can screen your tenants with a background check and credit score right there. I personally love this method and I don't have to pay a property management company for any of it. It's a free tool btw. For a newer property, you could just sit back at this point and watch it make money for you. If your property is older, then definitely have your top 5 (plumber, electrician, etc) numbers on standby. It's not difficult to manage yourself if you've got the willpower.
Thanks Jaspreet for sharing this free knowledge. May God bless you more, man.
I appreciate your knowledge man, I have made the first step, after doing my due diligence, to getting pre approved for a loan to get my first rental property. I'm in Baltimore and I can't stand seeing these houses just boarded up in the city but in certain areas new construction is coming in (some areas are already turning around) and that's where Ima scoop up one of these low priced flips and rent it out. I know I can make it happen! 💪🏾
Hello I am from Baltimore also and trying to step out and do the same. Do, you have any good tips to do or not to?
I'm about to invest in the Baltimore area as well. I wish you much luck.
@@MrRonnie467 I'm about to invest in the Bmore area as well. I've already been looking at properties.
Hi! If you don't mind me asking, how did you get money to fix up the home?
Definitely need more videos on finding property management company! Marvelous video. Instant subscriber!
This is my goal for this year/early next year. First house in big college town.
I Live next to a college town rents go up to suck up that sweet government debt the fools are putting on themselves.
I love your content, man. I'm a lawyer too.
Thanks!
(South Africa)
Excellent explanations.
Fantastic overview, Jaspreet. I have five rentals and this advice is solid gold. I apply these rudimentary rules every day when looking for my next purchase. Listen to Jaspreet, people. He's showing you how to really crunch the numbers.
Do well to correspond
1..(.5..1..7.).5...6...9...7...8...5...1
W. H. A. T. A. P. P
Be careful of scammers
@@user-qj2st6km5x dude if you're gonna scam at least make it somewhat believable
It is like free tuition to handle the real estate business effectively. Thank you for the helpful hints.
I’ve seen your videos before and they’re always informative. …but THIS ONE got my sub!! Thank you!
question - can i open a RE LLC today, and 'loan' my home or its equity to my company?
Sounds like you’re talking about Baltimore City…..homes on the east side of I-83 are more expensive then those on the west side of I-83, when you traveling north from the city’s center.
Love your content! Can you do a video on purchasing a Airbnb property?
Thing to note about leveraging the equity from an investment property: If the investment property has increased in value since you acquired it, using the equity in the property to purchase a new property may result in a higher CGT liability when you eventually sell the investment property.
never sell the property. refinance it once the value is higher
Hi Jaspreet! Regarding rental property... May I know what is the ideal number of units to acquire so that when there are vacancy, the cash flow can still cover the mortgage? Thank you!
What a massive amount of knowledge in this video.!!Thank you so much for taking the time to put this out. Best of luck in your real estate journey, to everyone above and BELOW!
I invested in a cute avocado tree and all the avocados are now cute...you were right👍🥑
Excellent information I can't belive it just sits in UA-cam. Thank you Jaspreet Singh!!!
Hi, quick question: Do you do any Air BnB properties as opposed to old-school tenants? I know you can make quite a bit more per month leasing short-term rentals, but the operating costs would be higher. Wondering our thoughts on this area.
Hi Jasper, I live in Berlin, Germany. The price of real estate is highly inflated. Would you please take a look at the property scene here and comment on it.
In before Jaspreet said "BELOW!"
Thanks on the finances i hadnt factored in maintenance and taxes before for some reason, keep hustling. 👍
Could you please make a video discussing multi family or apartment commercial real estate??
Everyone always gushes about cash flow when it comes to real estate. For me though I am more excited about building equity in a property. Because when you have enough equity you can do a cash out refinance. As long as you don't refinance it for more than you originally paid for the property your payment wont change and since you are technically taking on debt, all that equity that you just pulled out you get to put in your pocket tax free. You can then use that money to buy the next property, or a lambo. 😎 Also since real estate almost always goes up in price over the long term when you are ready you can still sell the property for more than you owe. This way you just don't have to wait until you sell to get access to that money. So even if a property doesn't cash flow as much as you like, every payment is still building some equity that you can tap into.
AMAZING VIDEO MAN. MOST DETAILED VIDEO ON REAL ESTATE EVER. MAD RESPECT 4 YOU MY MAN
Best content and I’m an active viewer of this channel. Seriously valuable info in this one
This videos is so informative, that I turned my adblocker off to show my respect and gratitude.
ok
What about property maintenance...grass cutting, snow removal,???
Sir the question is if you do 1031 Exhange do you have to buy expensive property or you can divide in form of down payment of 10 more property ??
Your videos are absolutely the best !! your ability to explain in a way that anyone can understand is astonishing !!!!
I however have ONE question, regarding renting a property, or selling it? As you know the housing market went nuts when covid hit, and I was unable to purchase a home due to the cash buyers etc..
So we decided to Built a home on a piece of property.
Now the way the market is, and rents so high, and homes going up in price to much .. We are thinking of possibly staying where we are for a bit longer.. and when the home is built, do we sell it? or rent it out?
reason for a might want to sell is simple, the home isn't even done being built yet, and.. the BASE price of the home, has gone up $100k , and that's the base, we have about $60k in upgrades done to the home, from raising the roof another 2 feet, to glamour master bath/walkin closet, to upgraded stainless steel etc in kitchen appliances.. etc. ) SO that $60k has gone up to have that work done too.. We suspect by the time it's done being built.. we should have about $120k + in equity ) seems if we sell it, pay back $ and take that 120k and purchase a duplex or something?? or should we rent it out, i'm sure we can in this market get $2400 a month for a 4bd /2th home on a little over an acre of land? Just outside the city a bit. ..
Another issue is the mortgage rates have climbed.. and we put down 3.5% to have it built, @ 2.75% interest rate. and the mortgage has a clause in it, that if we sell it, we can sell it transferring the 2.75% interest rate with it?? ( I'd never heard of it? but title lady had ) . . SO we are not sure what to do? move into our home, rent it and make at least 700-800 a month extra renting it? or sell it and take the $120k+ .. curious to know what you'd do in the situation?
Truly u are a successful businessman. This is the best advice i ever heard. Thank u. 💖🌹
Great information! Thank you!🏡
Love the content! Problem with real estate especially in NY where I live is the laws are totally in favor for tenants. On average before covid it took 3-4 months for eviction process. Now with covid it's probably impossible to get someone out without resorting to old school tactics. I'll stick to buying businesses and stocks.
NYC has the worse rental laws on the damn planet.
All blue States same, and they are trying to take away the properties from owners.
I appreciate the effort Jaspreet, very thorough and informative.
If it's a bad neighborhood but it has an avocado 🥑 tree then extra guac is a big factor.
BELOW
Great insights. You bring condensed wisdom here. I wish you could write a eBook with all your thoughts.!
Interesting, Can you go in details on LLC please! Thanks
Telling people about investing in real estate at the peak of the greatest bubble in history!
Good information. I personally feel that everyone should manage at least one or two of their properties in the beginning. Just for the experience and learning to appreciate the entire process.
True but I would advise not to identify yourself as the owner. You are asking for a nightmare
16:19 The qoute that explains it all
Thank you for this video and the extreme detail. Really helpful and informative. Appreciate it.
I've only watched 5 minutes, but so far just appreciate you making the video and a breakdown. I have had rental properties in past, but I do not want to work for people for the rest of my life, so I am going back in...
You are a blessing Jaspreet
Thank you so much for your videos! They are very informative and you walk us through every step and you also talk about the pitfalls. You keep it real; I appreciate that. Unlike most of these other UA-cam videos that only tell you to invest but don't show you how.
This is a brilliant video. Well done
You are my mentor.
You forgot about the Home owners association. Never buy a property without checking HOA, buy only in a rental friendly HOA
He mentioned this
I'm appreciating n luv that Real Estate Intelligence you have flowing, very much. 👏👏👏
Subscribed because you're straight up and an attorney. Love it.
Thank you
Soooo much great info in here! Very dense with great advice. Thanks Jaspreet. Keep making these.
Can you do a video on how to flip/wholesale your first home for beginners?
@@kendrickmike8549 reported you
This guy is the real deal not gonna lie he gave some solid tips !! 👍👍
Was someone singing in the background start at around 12:19 ? :p
I was wondering the same thing.
Love your teachings:) very impressed of your background!
Letting fear drive your investment decisions may seem counterintuitive ,so pay attention to the market and be skeptical about what the crowd is doing. It's not always easy to do what's not popular, but that's where you make your money. Go against the stream and choose investments whose potentials are overlooked.
Real estate investments can be emotionally exhausting . Positive Results are guaranteed more if one works with a reliable professional. My most sincere take though!!
@@thomasritchie384 How do one know a reliable broker or mentor to guide you on investments considering the heavy presence of scams in our social media space..
@@viktoriarebane1274 Its a great concern to us all. However, names like ROSE BEKKY STEVENS, have always stood out to be exceptional
How are the Lawyers, the cost of setting up an LLC, Realtors and Inspectors included in the monthly payout? Would setting up a retainer be the way to go? What do you do to find "hungry" people to work with?
I think there was guacamole in the bathtub that was that extra guacamole that you're talking about and I can see how that would be slippery
Jespreet you are awesome 👌 i just found you. And loved the way you explain. Just wished i had teacher like you back in school, high school, college. And mentor for life. 🙏🤜🤛 ( tusi gr888 ho) present kabool kerro. Love u. Thank you
Your videos are awesome man. You explain things so well. Keep up the good work sir. Thank you for sharing your knowledge.
I have been a real estate investor for 42 years. I love real estate; however, I have some advise. Avoid HUD/ Welfare tenants. These folks feel entitled, demanding and lack work ethic. Personal responsibility is an anathema to the welfare class. Since your tenants are making your payments, buy something nice. $ 2,000-$2,500 monthly rent is my prime target. Be fair; what goes around comes around. Don't gouge your tenants. With all cash or fixed mortgage purchase, there is no need to gouge your tenants. It is win/win.
I don’t own my home. I purchased a rental duplex in a depressed area that showed signs of early community revitalization for $89900 using a conventional loan with 25% down and no PMI at 3.5% interest rate. Rent was $1830 combined. Minor repairs were done with tenants rent money. I only pay for the water bill every 3 months under $200 and $150/ Mo for rental management/ handyman. Good or bad deal?