Yes!!! Just bought the Brrrr book with its extra goodies and waiting for it in the mail. Just watched that video and the video How to stay Laser Focus of the wildly important with Chris McChesney, which I think are a winning combination back to back. David’s video being first and Chris’s video being second.
@Kuuryo The definition of *quick* and *rich* are different depending on the person and amount of wealth they currently have. Therefore, you can't blame him.
100% truth, I'm not even trying to become rich! 50k year I'm okay maybe even a NNN deal if I have enough down the road but my goal is 50k I'm good any more awesome
I’m 19 and I’m definitely always inspired by Brandon. My goal is to be making more money from Real Estate than from my job by the time I’m 26 (it’ll be a good age since parents insurance goes bye bye) Right now, I’m closing on my first house this Friday:^)
Keep it up buddy. Soon you wont ever have to work for somebody else ever again. I bought my first rental property last year when i was 19. I'm currently buying a duplex this month. Just focus on constant growth financially and mentally.
$20,000 for a course. That's how much a company was try to charge for their classes. I think I'll take that $20,000 and buy an investment property, thanks.
There is never a need to PAY for education. Especially when you have BiggerPockets.com ;) Check out this video on Should You Pay For An Expensive Real Estate Education? - ua-cam.com/video/mS2ih7fgQn4/v-deo.html
@@marcelrodriguez2067 you can use a mix-up of your money and OPM. Even if the down payment is half a million. $20,000 is closer to a large down payment than $0, after paying for the education.
Thanks for continuing to teach the fundamentals Brandon! I JUST bought my first duplex (made a video on it too) and started managing a sixplex. Your books have been an incredible help!
Your lectures are valid for countries where rental yields are good and can get a bank loan at 5%. In India, rental yield is just 2-3% of the total property value, and Bank loan rates if interest is above 8%. If we take a loan of INR 3,500,000 for 30 years, the EMI comes upto 27,000 approx, and the rent on the property is around 15,000-17,000 a month. Rental appreciation is 12% on paper per year, but nobody pays 12% more. They settle for 8-10%.
thats the biggest problem in our market. the only solution is to go buy property in 2nd tier or 3rd tier cities where properties are not that expensive and rental yield is more than 5%.
You are correct. Just using quick math and some perspective - To Net $120K per year in rents your properties need to Gross about $200K per year. Here's another one - On a 100K home with rent being $700/month and total out of pocket to purchase the house is 36K; after expenses you are pocketing about $420/month. This is a good 14% return on your cash investment but if you need a new $4000 furnace you are set back almost 1 year. Real estate is a great investment but its not easy at all.
I been researching for two years of rental property. Everyone’s been telling me Utah is not the best place to do that.?.. but I’m not giving up I love watching your Channel and I follow about 10 other channels. I’m going to start small this July and buy my first investment property.
This all depends on where in the world you’re located and what type of properties are you buying (residential/commercial). For example where I live (in the Caribbean), there’s no cap on what you can charge tenants for rent. Your mortgage can be 800$ and you can still have cash flow (extra cash) of $500 - $2000+. And that’s just residential. With 3 commercial properties or even a 15 unit apartment, you can quit your day to day job and live lavishly.
I love the honesty. I want to invest in property, not because its necessarily the fastest way to obtain wealth, but because I am more interested in it and find it more exiting than other asset classes. Keep up the great work @BiggerPockets :-)
Liked!👍🏽.. Brandon, what I love about your videos is that you don't just talk about statistics and your not boring because your passionate about what your teaching and it shows in your videos. I'm learning a lot too , very informative. Thank you
chefawkes guess what yes he does. King tut was a red head. People who lived in that region at that time looks similar to modern Greeks and Italians. Granted he looks more English/Dutch but he looks closer to ancient middle easterners than modern gulf Arabs look like. Look at Bashar Al Assad president of Syria that’s what true Syrians look like, and Brandon looks like he could be his cousin.
Get rich for sure, the time is going to go by anyway. Build a business, make more than you spend...invest the rest in as many apartments as you can! Manage them well.
2:20 "Real estate, when done correctly, gives you the ability to supercharge your growth because of the power of leverage - that's the ability to use other people's money to get higher returns and the ability to hustle."
Love this video Brandon. I actually like these 5-minute videos versus the hour-long ones so much information packed in such a short time and so value base
680, can get you a mortgage.But the higher your credit score, the more money you save, every month.And always buy a multi-family first, you can do pretty much anything after that.
I am 17 years old and I know that this is what I want to do with my life. Go to college for finance, get a job and work with rental properties as my own business. What books/podcasts would you recommend to best achieve this?
I always wonder...is real estate investing actually passive income? When renting to tenants and when problems arise, you technically aren't getting complete passive income. Am I wrong? I want to get into real estate but always wondered how much work goes on to maintain a constant cash flow from properties
Real estate is definitely not passive income. It's a hands on business. You want passive income then you should invest in a passively managed index fund tracking the s&p 500.
@@jacquelinekeys3376 I work at Finance in National Guard, but I will say choose a career field that relate to your civilian life unless you want to go active duty. Bonuses are given based on the need of the base for a career field
Im 17 years old and cant wait to start investing. I just found a job and im gonna put most of it aside to invest. Only problem is, i dont know where to start and how to learn investing
The biggest benefit to real estate is leverage but when does leverage become too much and too risky. What is a good ratio? Are there any biggerpockets podcast that cover this topic? Thanks!
Debt to Income ratio. Debt to equity ratio. There are multiple ways to measure risk. A useful exercise is to do what banks do: a simulated stress test. Basically you pretend that the economy is crashing. Tenants are leaving or not paying. You can't get a loan. Maybe you lose your job. And then ask yourself if this situation would cause your bankruptcy or if you'd be able to survive. Plan for the best but also prepare for worst.
i talked to kris's team about partnering last november he wanted me to sign a 15k check on the spot, i told his team member i had to think about it and then when i emailed questions and asked if i could speak with some of his partners he told me the opportunity was given to somebody else, which is strange since he is seemingly always looking for partners
i just found out today that ill be losing my job sometime between now and the end of the year. they estimate about 6 months. ive been currious about real estate wholesaling. it is estimated ill get around $7500 in retention bonus when i leave as well as $7500 in severence pay over 8 weeks.. with that being said would my $7k bonus and 8 weeks be enough to get started. i have until my final day to learn everything i can. just want to know if the risk is something i should do. its either take the risk and use the money to get started in real estate or find another 9-5
Do it take the risk! Just make sure to learn as much as you can first so you make as little mistakes as possible. Try wholesaling first, you don't need much or any money to start that. Good luck!
Planning, patience and persistence?! I have all those things! Well, maybe not so good with the patience. 😟 But persistence! 😃 Reading “Book on Rental Property Investing” now to figure out if I want to be investing/my strategy. Have a deposit set aside already 💵, just doing all the learning right now. Hoping to get moving on this in the summer! ☀️ Thanks Brandon, for all the info! 👍🏻
"I started investing in real estate when I was 21 years old, and by the time I was 30, I was a millionaire. Was it get rich quick?" Ummm.... Yeah, it was. Do y'all think everyone who watches these videos believe that you can make lambo money with no work and in no time whatsoever?
Hello Sir: Thank you for your great videos! I listened to another one of your videos about, "How do I screen tenants on low end rentals." The tenant did *$5000$ worth of damage. By the end of the video, I don't believe you offered a solution to this problem. I believe that most states let you inspect your property with a 24 hour notice. One landlord says in the contract he can inspect on Tuesdays; but I would always give them a heads up. Hopefully this will help stop further damage to your properties. Thanks
I'm 24 in Southern California with about 20-30k in savings and little to no rent payments! I have a 760 credit score and am searching for the proper niches that relate to my current financial position in real estate! Do you have any advice or help you can offer I'm a constant viewer and just need help getting the train rolling! Great content as always thanks again for the time!
@@hansnordquist9314 I feel you man. I live in Arizona where prices are much more affordable compared to California which has allowed me to pick up two distressed 4-plexs from the trustee sale auction, fix em up, rent them out and refinance. Have you ever thought about moving to a different state or just investing in a different state where the numbers make sense?
Highly recommend buying in the smaller midwestern towns property I'd dirt cheap and you can get half decent returns apartment complex cost as much as a house in San Francisco.
I was stuck in life, playing games all day and doing nothing, and then a friend introduced me to this program called Forwago. Now I'm on a clear path forward and enjoy every day.
Awesome quick motivational video. You’re not lying when you say it will take a bit more work to invest in Real Estate. It’s not as clean cut as sweating up a percentage of your paycheck to go into your 401K. If you want the easy life then be part of the heard of sheep and be average. If you want to hustle and stand out as one of the greats you will have to WORK for it. Nothing in life worth anything comes easy!! Get your knowledge, money and motivation right💰💪🏽 #benjaminrari #coastalvirginiafunding #realestateinvesting
Joel Hinojosa search online for REIA (Real Estate Investors Association) groups in your area. Those usually have an annual membership fee, and the ones I've found around me also offer a free 1st time visit, and then an option to attend a monthly meeting for a fee (say, $30) if you've used your "free pass" & are not yet a member.
I wonder if flipping is going to be as viable a model moving forward. Wall Street has a new love of rental properties and is driving prices up everywhere lately. It's getting SUPER competitive.
Real estate is a great way to build wealth both by actively managing and through passive investments. Make sure to do your due diligence though there are so many scam investments and "real estate educators" with no degree of their own.
Sure! You could get to 100 units in 5 years. But that is going to take some very creative thinking and a whole lot of hustle. In the end, you may end up with 100 units, but is that what you really want? Most likely, what you actually want is the passive income that 100 units would provide. That can be obtained with much less than 100 units. The best advice i've ever gotten with real estate is not to chase a number of doors. What if they are 100 headaches? Focus on the underlying goal. Solid units that produce steady cashflow. At that point, who cares how many units you own?
LEVERAGE is fine in an up-trend market. When the market TURNS, leverage will totally destroy you. I learned this the hard way... During the last few years deals have been scarce
You did it in 9 years. Did you have you? Is it safe to say starting now at 30, I could do it in 5; utilizing your information and bigger pockets resources? I've been absorbing youtube and an insiders edge course that a friend is sharing with me, for some time now. Just got my first group of investors on a buyers list. Thank you for all your content!
Growth takes time...period. What you learn from him and others surely will help you from making mistakes but it's not a shortcut. It won't magically cut the time in half.
Well this just seems like you can't wrong. If managed properly and so forth...but there has to be some kind of catch or uncontrollable risk right? Otherwise everyone would be doing this? I only started getting in to this very recently and its got me very excited! I would just want know of any type of "worst case" scenarios if there are any? What if the economy takes a horrible turn for example? Its fine to take risks, as long as you know how deep the hole is you know? For in case you fall in...
I have made over half a million in forex and crypto investing, this is possible with the help of Helen Sims Duerr, she is an expert trader and professional. I would be lost totally in the financial markets without her
I started with $20k as she advised, wanted to settle for $10k but she advised I'd get more out of my account if went with a higher starting capital as time went I reinvested my profits, she is smart, beautiful and resourceful
you can reach her through her website email (hello@helensimsduerr, me) or phone, but you might have to ask her directly to schedule a call you will not regret your decision, if you heed her advice through your investment course
trading forex is not get rich quick scheme, I started up with her in February and I withdraw my profits on a weekly basis, except when we have to reinvest, I think that say enough
I bought a house in $8K in Mobile, Alabama. My Mom and I joke that we only go to the beach after cleaning apartments (after evicting people), painting, landscaping, etc. I would say tenacity that is the most important character trait needed:)
Real Estate is still the long game. Thats why so many these Real Estate Gurus charge tuition prices for their training/courses. Moneys not in houses byt teaching.
Where are properties that are valued at 10k? Sincere question, is that even real? Even when I look at places in my home state, Texas, in the most dry and "nothing" areas....an acre of land with nothing on it is typically more than that already.
I think he means the 10k is the down payment on the loan you take. Then it just depends on if you will flip it or rent it out depending on the type of deal you made when buying the property. Not an expert tho! Lol
This doesn't sound any different than the midnight real estate info-mercials. Talk fast, display big, colorful dollar amounts one COULD earn IF they follow a plan the speaker knows intimately well, and attempt to debunk other gurus' methods of doing the same thing. Bottom line, you can get rich in real estate IF you follow a plan, but most people won't follow it. That's why it's rare.
Real estate is far from the fastest way to generate real wealth in today’s world. It IS a fairly reliable way. I own rentals and I have done flips, and I have been in residential and commercial real estate for most of my life, either managing or owning, as well as flips. For the amount of work and stress and headaches to income ratio, I’ll take trading stock options any day of the week, and it’s far and away faster, especially when the market is dropping like the last quarter of 2018.
True. These real estate people never show you how much work you really have going into it. But on the other side of the coin, one could also argue stock market could easily crush you. And no I don't buy that you can time the market, or else you wouldn't see failures on Wallstreet. Even large funds with tons of analysts can't guarantee they will be profitable year after year.
Correct. You can’t time the market. But only gamblers get crushed. You seem to know a lot about real estate. I guarantee if you knew as much about stock options and the different low risk ways they can make money you’d agree it’s far less risk than rentals. Last October it became obvious the market was going to drop. Once that started to happen it was very easy to join the ride down. No timing involved, just basic observation. I like real estate, it’s what I started in at 23. It’s made me a good living. But based on that background, I can say without reservation that options are a better, easier and faster way to wealth. And I still know more about real estate than options but I’m constantly learning and it only gets better.
Are you ready to get rich slow ;)??
Hell yeah!
like the process 🙏
Yes!!! Just bought the Brrrr book with its extra goodies and waiting for it in the mail. Just watched that video and the video How to stay Laser Focus of the wildly important with Chris McChesney, which I think are a winning combination back to back. David’s video being first and Chris’s video being second.
@Kuuryo The definition of *quick* and *rich* are different depending on the person and amount of wealth they currently have. Therefore, you can't blame him.
You are the man! True Alpha.. I'm selling my first home with a 33% profit in 3 yrs and now about to take on the rental game.. 👍
Let's all get ready to walk at a brisk pace towards our dreams!
Lol I don't even care about becoming rich. I just want enough passive income to be able to work for myself
And that right there is certainly achievable!
I'm on the same wave bro. Biggest thing, is just to start with investing. The longer you wait, the longer itll take for you to reach that goal
amen.
Amen
100% truth, I'm not even trying to become rich! 50k year I'm okay maybe even a NNN deal if I have enough down the road but my goal is 50k I'm good any more awesome
I’m 19 and I’m definitely always inspired by Brandon. My goal is to be making more money from Real Estate than from my job by the time I’m 26 (it’ll be a good age since parents insurance goes bye bye)
Right now, I’m closing on my first house this Friday:^)
I’m really proud of you I am currently 15 and I’m a real estate fanatic. Hopefully I will use my knowledge to create a cash flow empire
Keep working young king
Keep it up buddy. Soon you wont ever have to work for somebody else ever again. I bought my first rental property last year when i was 19. I'm currently buying a duplex this month. Just focus on constant growth financially and mentally.
Emilio good luck closing!
@@danielcasper1776 Help me understand how you are doing that with no capital and how your property is cash flow positive after all expenses.
$20,000 for a course. That's how much a company was try to charge for their classes. I think I'll take that $20,000 and buy an investment property, thanks.
There is never a need to PAY for education. Especially when you have BiggerPockets.com ;)
Check out this video on Should You Pay For An Expensive Real Estate Education? - ua-cam.com/video/mS2ih7fgQn4/v-deo.html
Yea good luck trying to do that in NYC lmao, you need over 100k just for a downpayment lol
@@marcelrodriguez2067 you can use a mix-up of your money and OPM. Even if the down payment is half a million. $20,000 is closer to a large down payment than $0, after paying for the education.
@@financialkids5069
College is $60,000.
@@MichaelP-ke1tm if you choose to go to college.
Love this video
love you
I love your videos
Thanks for continuing to teach the fundamentals Brandon! I JUST bought my first duplex (made a video on it too) and started managing a sixplex. Your books have been an incredible help!
Daniel Iles I bought my first also. I’d be interested in seeing your video. Consider posting a link.
George Gallagher
It’s on my channel but here is a direct link as well!
Buy a House for Low Money Down ua-cam.com/video/eKfSdSKZFcU/v-deo.html
Your lectures are valid for countries where rental yields are good and can get a bank loan at 5%.
In India, rental yield is just 2-3% of the total property value, and Bank loan rates if interest is above 8%.
If we take a loan of INR 3,500,000 for 30 years, the EMI comes upto 27,000 approx, and the rent on the property is around 15,000-17,000 a month.
Rental appreciation is 12% on paper per year, but nobody pays 12% more. They settle for 8-10%.
thats the biggest problem in our market. the only solution is to go buy property in 2nd tier or 3rd tier cities where properties are not that expensive and rental yield is more than 5%.
Haha, there is nothing quick about real estate...SLOW is the way, but wealth is the endgame. 😎
I thought the end game was an avengers movie huh 🤔
@@PS-rb5fw You got me...🤪
Dude Real Estate lol
@@PS-rb5fw bro check krish Krohn & Robert t kiyosaki how to make it fast
@@ayep626 lol
Thanks, Brandon - closing escrow today on my first 3plex in Central California.
awesome
You are correct. Just using quick math and some perspective - To Net $120K per year in rents your properties need to Gross about $200K per year. Here's another one - On a 100K home with rent being $700/month and total out of pocket to purchase the house is 36K; after expenses you are pocketing about $420/month. This is a good 14% return on your cash investment but if you need a new $4000 furnace you are set back almost 1 year. Real estate is a great investment but its not easy at all.
I been researching for two years of rental property. Everyone’s been telling me Utah is not the best place to do that.?.. but I’m not giving up I love watching your Channel and I follow about 10 other channels. I’m going to start small this July and buy my first investment property.
Thankyou
College towns are good places to look(Ogden, Provo), generally strong diverse economies.
This all depends on where in the world you’re located and what type of properties are you buying (residential/commercial).
For example where I live (in the Caribbean), there’s no cap on what you can charge tenants for rent. Your mortgage can be 800$ and you can still have cash flow (extra cash) of $500 - $2000+. And that’s just residential. With 3 commercial properties or even a 15 unit apartment, you can quit your day to day job and live lavishly.
Where exactly?
I love the honesty. I want to invest in property, not because its necessarily the fastest way to obtain wealth, but because I am more interested in it and find it more exiting than other asset classes. Keep up the great work @BiggerPockets :-)
Liked!👍🏽.. Brandon, what I love about your videos is that you don't just talk about statistics and your not boring because your passionate about what your teaching and it shows in your videos. I'm learning a lot too , very informative. Thank you
Brandon should dress up like Moses and carry the 10 commandment of realestate investing....wanna see it happen...lol
he doesn't look remotely middle eastern..
chefawkes My favorite is the blond, blue-eyed Jesus 🤣. I call him euro-Jesus 🥳
Epic!!!
chefawkes guess what yes he does. King tut was a red head. People who lived in that region at that time looks similar to modern Greeks and Italians. Granted he looks more English/Dutch but he looks closer to ancient middle easterners than modern gulf Arabs look like. Look at Bashar Al Assad president of Syria that’s what true Syrians look like, and Brandon looks like he could be his cousin.
Get rich for sure, the time is going to go by anyway. Build a business, make more than you spend...invest the rest in as many apartments as you can! Manage them well.
2:20 "Real estate, when done correctly, gives you the ability to supercharge your growth because of the power of leverage - that's the ability to use other people's money to get higher returns and the ability to hustle."
Love this video Brandon. I actually like these 5-minute videos versus the hour-long ones so much information packed in such a short time and so value base
What all can I do to get a better interest rate?
Credit score.
@@sido5857 how much credit score should be
680, can get you a mortgage.But the higher your credit score, the more money you save, every month.And always buy a multi-family first, you can do pretty much anything after that.
@@sido5857 I bought an apartment. I am not from the states so 680 does not mean much to me.
I am 17 years old and I know that this is what I want to do with my life. Go to college for finance, get a job and work with rental properties as my own business. What books/podcasts would you recommend to best achieve this?
same herw
I always wonder...is real estate investing actually passive income? When renting to tenants and when problems arise, you technically aren't getting complete passive income. Am I wrong? I want to get into real estate but always wondered how much work goes on to maintain a constant cash flow from properties
Real estate is definitely not passive income. It's a hands on business. You want passive income then you should invest in a passively managed index fund tracking the s&p 500.
I just got $15000 sign on bonus from the Airforce and I want to invest in real estate
Concerned African what do you do in the Air Force I want to join after college ?
@@jacquelinekeys3376 I work at Finance in National Guard, but I will say choose a career field that relate to your civilian life unless you want to go active duty. Bonuses are given based on the need of the base for a career field
Concerned African - I got a $20,000 for the army NG. I was planning on the same thing plus all the money saved as a kid
Dude, I instant like this video because of your big and beautiful beard !
Keep it forever ! Bearded men will rise above the others !
Im 17 years old and cant wait to start investing. I just found a job and im gonna put most of it aside to invest. Only problem is, i dont know where to start and how to learn investing
Bro... We together
What does flipping houses mean???
Simply put you buy a house that needs work and you fix it up and (hopefully) sell it for a profit.
azaz shah but isn't better when you rent it than sell it
The biggest benefit to real estate is leverage but when does leverage become too much and too risky. What is a good ratio? Are there any biggerpockets podcast that cover this topic? Thanks!
That's a fantastic topic! We'll get on it! Stay tuned.
Debt to Income ratio. Debt to equity ratio. There are multiple ways to measure risk. A useful exercise is to do what banks do: a simulated stress test. Basically you pretend that the economy is crashing. Tenants are leaving or not paying. You can't get a loan. Maybe you lose your job. And then ask yourself if this situation would cause your bankruptcy or if you'd be able to survive. Plan for the best but also prepare for worst.
Would this be at programs or partnerships for Kris Krohn?
What have y'all heard?
i talked to kris's team about partnering last november
he wanted me to sign a 15k check on the spot, i told his team member i had to think about it and then when i emailed questions and asked if i could speak with some of his partners he told me the opportunity was given to somebody else, which is strange since he is seemingly always looking for partners
MikeG82 hmmm what was that check for?
@@TheAllstar51i think it was a down payment to be his partner
i just found out today that ill be losing my job sometime between now and the end of the year. they estimate about 6 months. ive been currious about real estate wholesaling. it is estimated ill get around $7500 in retention bonus when i leave as well as $7500 in severence pay over 8 weeks.. with that being said would my $7k bonus and 8 weeks be enough to get started. i have until my final day to learn everything i can. just want to know if the risk is something i should do. its either take the risk and use the money to get started in real estate or find another 9-5
Do it take the risk! Just make sure to learn as much as you can first so you make as little mistakes as possible. Try wholesaling first, you don't need much or any money to start that. Good luck!
I like your honesty. 😊
Planning, patience and persistence?! I have all those things!
Well, maybe not so good with the patience. 😟 But persistence! 😃
Reading “Book on Rental Property Investing” now to figure out if I want to be investing/my strategy. Have a deposit set aside already 💵, just doing all the learning right now. Hoping to get moving on this in the summer! ☀️
Thanks Brandon, for all the info! 👍🏻
"I started investing in real estate when I was 21 years old, and by the time I was 30, I was a millionaire. Was it get rich quick?"
Ummm.... Yeah, it was. Do y'all think everyone who watches these videos believe that you can make lambo money with no work and in no time whatsoever?
Believe me, being a millionaire does not mean lambo money.
Heck, being a millionaire does not mean what it meant 50 years ago.
Is this possible in Indian market??
Please make a video on Indian market
Haha I took my $10,000 and bought my first flip
smart move
10grand is not enough where i live
Come on man Theres got to be something! Anything.. Even a trailer
@@adammesheia *leverage*
@@wreckemtech165 Banks will not give you over 90 percent of money needed . So borrow from other people?
Hello Sir: Thank you for your great videos!
I listened to another one of your videos about, "How do I screen tenants on low end rentals." The tenant did *$5000$ worth of damage. By the end of the video, I don't believe you offered a solution to this problem. I believe that most states let you inspect your property with a 24 hour notice. One landlord says in the contract he can inspect on Tuesdays; but I would always give them a heads up. Hopefully this will help stop further damage to your properties. Thanks
I'm 24 in Southern California with about 20-30k in savings and little to no rent payments! I have a 760 credit score and am searching for the proper niches that relate to my current financial position in real estate! Do you have any advice or help you can offer I'm a constant viewer and just need help getting the train rolling! Great content as always thanks again for the time!
Buy a 3 bedroom townhouse with a low percent down qualifying as a first time home buyer. Rent out two of the rooms. I did that at 23 in SoCal
House hack a duplex, triplex or 4plex with owner occupied financing using low downpayment options like VA, Fha, Fannie/Freddie or USDA home loans
unfortunately not too many duplex - 4plex here In socal... atlas where i live
@@johnnyb33good21
Look for a VA Foreclosure, a short sale, HUD auction, basically any distress sale.
@@hansnordquist9314 I feel you man. I live in Arizona where prices are much more affordable compared to California which has allowed me to pick up two distressed 4-plexs from the trustee sale auction, fix em up, rent them out and refinance.
Have you ever thought about moving to a different state or just investing in a different state where the numbers make sense?
Highly recommend buying in the smaller midwestern towns property I'd dirt cheap and you can get half decent returns apartment complex cost as much as a house in San Francisco.
Where are your eyebrows?
Behind his dollar bills.
😂🤭
Burrito Ninja They’re over there 👉, working out and growing to match the beard.
I didn't actually realise till I read that. ha ha ha aha ha Habahab. (Chokeing on food) . Ha ha aha
#rude
I love my passive return.
Thanks. Still searching for my “ why” to invest. This certainly helps
I was stuck in life, playing games all day and doing nothing, and then a friend introduced me to this program called Forwago. Now I'm on a clear path forward and enjoy every day.
Wow millionaire by 30 congratulations! I’m 25 and getting into real now myself.
Awesome quick motivational video. You’re not lying when you say it will take a bit more work to invest in Real Estate. It’s not as clean cut as sweating up a percentage of your paycheck to go into your 401K. If you want the easy life then be part of the heard of sheep and be average. If you want to hustle and stand out as one of the greats you will have to WORK for it. Nothing in life worth anything comes easy!! Get your knowledge, money and motivation right💰💪🏽 #benjaminrari #coastalvirginiafunding #realestateinvesting
Where can you find real estate investment meetup.
Meetup.com
Joel Hinojosa search online for REIA (Real Estate Investors Association) groups in your area. Those usually have an annual membership fee, and the ones I've found around me also offer a free 1st time visit, and then an option to attend a monthly meeting for a fee (say, $30) if you've used your "free pass" & are not yet a member.
Bigger pockets.com
Go to www.biggerpockets.com/forums/521-events-and-happenings and enter your zip code!
Thanks for the great tips on real estate investing!
4:14 I would say becoming a millionaire in 9 years IS getting rich quick
How can i use 10k and flip a house, when i dont have the money to buy the house?...
I wonder if flipping is going to be as viable a model moving forward. Wall Street has a new love of rental properties and is driving prices up everywhere lately. It's getting SUPER competitive.
Real estate is a great way to build wealth both by actively managing and through passive investments. Make sure to do your due diligence though there are so many scam investments and "real estate educators" with no degree of their own.
Hey do we need to have a college degree or be A grade student in school to make money with real estate?
Do you have any videos on how Investors went from one or two houses and now own $20million + in real estate? 1031s? Cash out and buy more?
Do you think 100 units in 5 years is realistic
Sure! You could get to 100 units in 5 years. But that is going to take some very creative thinking and a whole lot of hustle. In the end, you may end up with 100 units, but is that what you really want? Most likely, what you actually want is the passive income that 100 units would provide. That can be obtained with much less than 100 units. The best advice i've ever gotten with real estate is not to chase a number of doors. What if they are 100 headaches? Focus on the underlying goal. Solid units that produce steady cashflow. At that point, who cares how many units you own?
Drew Purvis 😀
Many have done it! And Drew said it exactly how we would. Thanks, Drew!
Drew Purvis totally agree with drew. Quality > Quantity
@@biggerpockets so true Drew
LEVERAGE is fine in an up-trend market. When the market TURNS, leverage will totally destroy you. I learned this the hard way... During the last few years deals have been scarce
You did it in 9 years. Did you have you? Is it safe to say starting now at 30, I could do it in 5; utilizing your information and bigger pockets resources?
I've been absorbing youtube and an insiders edge course that a friend is sharing with me, for some time now. Just got my first group of investors on a buyers list. Thank you for all your content!
Growth takes time...period. What you learn from him and others surely will help you from making mistakes but it's not a shortcut. It won't magically cut the time in half.
Great video. I love the content. I really enjoy the channel and the podcast.
It's all about risk tolerance, and I have no or little tolerance for Other People's money. I do not like being in debt.
Well this just seems like you can't wrong. If managed properly and so forth...but there has to be some kind of catch or uncontrollable risk right? Otherwise everyone would be doing this?
I only started getting in to this very recently and its got me very excited! I would just want know of any type of "worst case" scenarios if there are any? What if the economy takes a horrible turn for example? Its fine to take risks, as long as you know how deep the hole is you know? For in case you fall in...
Fantastic video! Thanks for posting!
9yrs is pretty good for me
Truth is : real estate investing is a get rich LONG game. Sure there are outliers but we can all do it!
100%!!
Duplex is the same as semi detached innit
In
@Sean Lunny ❤ your positivity.
I just bough my first rental property in New York for $250k off some of my profits from my forex, stocks and crypto investments
I have made over half a million in forex and crypto investing, this is possible with the help of Helen Sims Duerr, she is an expert trader and professional. I would be lost totally in the financial markets without her
I started with $20k as she advised, wanted to settle for $10k but she advised I'd get more out of my account if went with a higher starting capital as time went I reinvested my profits, she is smart, beautiful and resourceful
you can reach her through her website email (hello@helensimsduerr, me) or phone, but you might have to ask her directly to schedule a call you will not regret your decision, if you heed her advice through your investment course
trading forex is not get rich quick scheme, I started up with her in February and I withdraw my profits on a weekly basis, except when we have to reinvest, I think that say enough
Your story give me hope🙌🏿
I bought a house in $8K in Mobile, Alabama. My Mom and I joke that we only go to the beach after cleaning apartments (after evicting people), painting, landscaping, etc. I would say tenacity that is the most important character trait needed:)
I wish I had known about all this sooner!
Can you talk about your deals? I feel like this is just a scratch of the surface and it could really help to hear about your past deals.
great content, keep this up you wouldnt believe at length to which these videos go helping amateur investors such as myself
Why go to those when you get the truth on youtube from this guy! Thank you!
I've made millions flipping and wholesaling, but it has been anything but fast and easy...I'm still not driving my Ferrari!
How not
Real Estate is still the long game. Thats why so many these Real Estate Gurus charge tuition prices for their training/courses. Moneys not in houses byt teaching.
Where are properties that are valued at 10k? Sincere question, is that even real?
Even when I look at places in my home state, Texas, in the most dry and "nothing" areas....an acre of land with nothing on it is typically more than that already.
I think he means the 10k is the down payment on the loan you take. Then it just depends on if you will flip it or rent it out depending on the type of deal you made when buying the property. Not an expert tho! Lol
THANKS FOR HONESTY
Really liked this video, got me motivated.
Thank you Brandon
Mr. Turner, please list some books to learning about real estate investing. Much Appreciated!
Thank you for the real look at real estate investing. And that all of the fluffy talk by some of these folks on here.
Great content. Thanks!
I found your podcast before the youtube channel. Great to put a face behind the voice!
Go Brandon, you are right, thank you
I just want to have more time and freedom. I don’t need all the flashy fancy material things. I just need travel and passion.
Thanks for the truth.
Can’t you just sublease several units. You’d make hella money super quick and after you’re done paying the lease you have several units that you OWN.
You guys are the Best! Thanks for so much!
WHY THEY KEEP SAYING YOU CSANNOT MAKE MONEY QUICKLY . YOU CAN FLIP A PROPERTY AND MAKE 30,000 3 TO 4 MONTHS
i’m 15 what should i do
save enough to invest in a property
Join the military or become an electrician, ultimate job security.
become a superyacht engineer, travel the world, make shitloads of money, invest in property
1:59
Thumbs up and subscribed 😎
Looks like 32 people were hoping to get rich quick.
Slow money is better than no money 💰💲
How don't know how Real Estate Investing works in USA or wherever you live. Here in Italy is a very good business.
Any houston investors I can work with on here
Let's link...I'm in nw area
@@yousifyouboty9421 Yes I'm located in humble area. Can be reach via email
Togetherpropertyinvestments@gmail.com. Thankyou.
This doesn't sound any different than the midnight real estate info-mercials. Talk fast, display big, colorful dollar amounts one COULD earn IF they follow a plan the speaker knows intimately well, and attempt to debunk other gurus' methods of doing the same thing. Bottom line, you can get rich in real estate IF you follow a plan, but most people won't follow it. That's why it's rare.
where are his eyebrows
Good information
It took me 14 years to make my first Mill
Not bad at all
I just want to live rent free lmao
Buuudy, great video.
Very general obvious points to sell his program.
Great video, Brandon!!! I’m a huge fan because you ALWAYS share super valuable content!! THANK YOU!!!!
Real estate is far from the fastest way to generate real wealth in today’s world. It IS a fairly reliable way. I own rentals and I have done flips, and I have been in residential and commercial real estate for most of my life, either managing or owning, as well as flips. For the amount of work and stress and headaches to income ratio, I’ll take trading stock options any day of the week, and it’s far and away faster, especially when the market is dropping like the last quarter of 2018.
True. These real estate people never show you how much work you really have going into it. But on the other side of the coin, one could also argue stock market could easily crush you. And no I don't buy that you can time the market, or else you wouldn't see failures on Wallstreet. Even large funds with tons of analysts can't guarantee they will be profitable year after year.
Correct. You can’t time the market. But only gamblers get crushed. You seem to know a lot about real estate. I guarantee if you knew as much about stock options and the different low risk ways they can make money you’d agree it’s far less risk than rentals.
Last October it became obvious the market was going to drop. Once that started to happen it was very easy to join the ride down. No timing involved, just basic observation.
I like real estate, it’s what I started in at 23. It’s made me a good living. But based on that background, I can say without reservation that options are a better, easier and faster way to wealth. And I still know more about real estate than options but I’m constantly learning and it only gets better.
Great i want to sssociate
Someone got a tan
Nice vikings style look bro!!!!!!!!!!!!!!!!!