Excellent video - I’m going to look through your vids but would be great if you could do one on Coborrowing or sharing a property purchase on a second home (hoping to put down 10% or less in a conventional loan in a vacation condo for us with a sibling and trying to figure out how to do it logistically)
Question if I may, How is your model going to behave in a down turn market crash such as the one in 2008 to 2012, properties hit 50+% price cuts in major markets?
My model is to buy homes in markets that the price is below the national average. When the market crashes, sure the value of the homes will go down but not by much. By the time I'm ready to sell the home the market will have corrected itself and my tenants will have been paying more in rent than my mortgage that is due every month. So I'll be positive. But really in a down market I'm looking to buy as much as I can because I know the market will rebound at some point and I'll want to sell when the market has recovered. I hope this helps!
Excellent video - I’m going to look through your vids but would be great if you could do one on Coborrowing or sharing a property purchase on a second home (hoping to put down 10% or less in a conventional loan in a vacation condo for us with a sibling and trying to figure out how to do it logistically)
We are looking into building a small community and we need to all be co owners how would we go about this?
What city are you located?
So you create a new llc with every partner ship?
Can I open an LLC after the purchase and have multiple people become owners/partners because ownership was transferred to the LLC?
Your hair is on point 🔥
Question 🙋🏽♂️ since you are doing the leg work that mean you are not coming in with any of the down payment?
So do you split the net profit 50/50 as well?
Question if I may, How is your model going to behave in a down turn market crash such as the one in 2008 to 2012, properties hit 50+% price cuts in major markets?
My model is to buy homes in markets that the price is below the national average. When the market crashes, sure the value of the homes will go down but not by much. By the time I'm ready to sell the home the market will have corrected itself and my tenants will have been paying more in rent than my mortgage that is due every month. So I'll be positive. But really in a down market I'm looking to buy as much as I can because I know the market will rebound at some point and I'll want to sell when the market has recovered.
I hope this helps!
Loved the video! Alot of videos don't break down from start to finish on purchase! Thanks for the model Brother!
Hey, im 15 and have earned over 1000$ in passive income. Im so excited to grow up and doing real estate😅
What passive income are you receiving?
@@tambomitch allowance
How do you form the llc sir?
So Kris takes all the profits but none of the risks?
i think he does all the work
He does do all the work. Paper work isnt easy person
Great video.
Thanks!
Great comment!
Your intro is obnoxious and awful. Solid content, otherwise.