Title | : | HOW TO GET RICH WITH REAL ESTATE |
Lasting | : | 0.27 |
Date of publication | : | |
Views | : | 7 jt |
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Here's the full video guide: youtube/bJx7_1rWC6U Comment from : @GrahamStephan |
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Idk why they don’t explain it past the point of sounding like perpetual debt Comment from : @BaseCampMedia1 |
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Yeah refinance it maybe next year lol Comment from : @endocrime |
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Yea but you didn’t explain the work and money that goes into remodeling a trashed house lol Comment from : @Dontworryaboutit12 |
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How about the $25,000+ it costs to refinance, is that taken into account? Comment from : @ZavHustles |
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Houses in my area are a minimum 410k Comment from : @MrPress6 |
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This is how we lost our house I'm not trying to be smart ass either Comment from : @dirtykicksnbeats1699 |
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Now is not the time to buy Recession like a dooms days Comment from : @strangedays1 |
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Money saving is also a way to get rich, Specially designed for real estate professionals ,REBLIE can help save their money and time also Comment from : @reblie_maps |
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I cant even buy a vowel Comment from : @lioneatsthesheep8996 |
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Let say?? Are you a licensed appraiser? brThis is not true Comment from : @Argentalian |
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You have to either have enough reserves to pay the second mortgage against the first property while the other one closes, or you have to have so much cash flow on the first property that the second loan pays for itself while you close on the other property Comment from : @nelsonsanabria3130 |
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Its a great system if you are already in it For me I've watched any home that I could ever want to own or live in triple in cost (at least) because of people like this Now I'm not saying it will be impossible for me to own a home nor am I faulting people for taking advantage of the system to make money and ellevate themselvesWhat I am saying is that what made these people wealthy wont be our route since we have been priced out of even entering the game at the moment There are ways to get ahead, just not the same way the previous generation(s) could Comment from : @spencer7197 |
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It doesn’t work that way Banks don’t care what the property’s for They want to see income to back up any loan Comment from : @damienmartinez1376 |
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You also need the money to refinance It ain’t free Comment from : @erikw113 |
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Has to cash flow though It's Def possible but in Florida the rent market sucks Comment from : @seandenneyhomes |
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How Dave Ramsey went bankrupt 101 Comment from : @Hellsing12002 |
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No, it's not that simple! There is a limit to how much debt you have Once you reach a certain amount of debt, you can't buy any more homes to fix up, refinance, and take equity out to purchase another house Comment from : @tigerlee9613 |
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cross collateralizing is riskey Comment from : @mikeb1014 |
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Sooo landlord leeching What they aren't saying is that they must increase rent on properties that already had a rental fee They need to increase the supposed value for them to extract it out It is the definition of a leeching There is zero added value to most of these most being bought and refinanced Just thick layers of paint and half assed repairs AT BEST Comment from : @dorg9502 |
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This is how you can make it and how you can get yourself screwed, nothing wrong with the ideas the key is the timing Comment from : @user-dw3pu2hr3g |
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usery an eye for an eye makes Comment from : @_Fadedpolo |
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Not in this market Comment from : @toddai2721 |
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And your credit score will never be high enough to get that kind of money Comment from : @andreymontag |
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All this is is loopholes to get more debt Ill never understand it Theyre gonna take that money as a downpayment on even more debt Theyre just financing downpayments at this point Comment from : @FishermanKyle |
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Seems simple enough! Just pray prices don't come down 😮 Comment from : @themarketjenius |
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Cool video Thumbs up! Comment from : @skysthelimitpodcast |
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these people think 70 year old homes are a winning lottery ticket with no limit Comment from : @PlasmaBurns |
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rinse and repeat until no one can afford a home Comment from : @PlasmaBurns |
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I should've studied "Real Estate 101" while I was still in the womb Comment from : @NoName-rq8ec |
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Maybe 40 or 50 years ago it worked, but not now because renters tear it up and can take a Rolls-Royce and turn it into a Yugo Comment from : @hattrick5076 |
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Only if u still have good credit Comment from : @forrestfischer2911 |
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Easy advice from the wealthy This country is fckud Comment from : @violetjames7534 |
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Amazing so I just need to constantly suck the money from people who want to start families and make sure they never can! Amazing! Comment from : @manaman9625 |
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that is if the rents are strong enough to keep up with the payments what a bunch of BS Comment from : @amirkazemi2517 |
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What your leaving out is ONLY HARD MONEY LOANS do that Comment from : @orangecounty60 |
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Build a house of cards so when we enter a recession and your tenants lose their jobs and stop paying rent you’re left with payments you can’t afford … yes 🙌🏼 genius incase anyone is interested they offer courses at any of your local circuses 🤡 Comment from : @10Elite23 |
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💩💩💩💩💩💩 Comment from : @Nezekeh |
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Debt slaves entered the chat Comment from : @hawkmattz4215 |
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Are you homeless?? Dont worry, just buy a few houses and flip them😂 br They are aware thay cars are the price of houses now, and houses are the prices of mcmansions now Comment from : @analogueoverdigital929 |
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But if property rent is not matching to Emi so what do I need to do 😊😊 Comment from : @SubodhKatiyar-kg9vj |
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How to be an greedy person and enhance gentrification in your area so normal people cant live there anymore 101 Comment from : @mrtophat6592 |
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And if it goes down you're scr*wed Comment from : @Bitachon |
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Can anyone send full link brI am not able to find it Comment from : @siddhantkorgaonkar2 |
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Fun fact: oftentimes the most profitable way to increase the value of a property is to add units to it This results in more housing, a net gain for the landlord, but a net drop in overall housing prices Why doesn't this happen? Because zoning laws prevent landlords from building more housing, so they just build "nicer" housing and price people out of the area Landlords aren't causing homelessness, the government is Comment from : @SuperNovaJinckUFO |
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Yeah r3nt it for way too much Avg person can’t afford Comment from : @debraholmes2854 |
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Not just that simple folks a number of factors and risks not taken into account Comment from : @dtayism |
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Simple≠easy Comment from : @benope5497 |
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That's a lot of work and wishfull thinking everything is going to come out clean better have a bucket of money to make payments on the new loan and new mortgage when the tenant doesn't pull throught and if you get a professional Tennant, good luck Comment from : @guywarhurst8072 |
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What about fixing costs and loan percentage will be more than your benefit Comment from : @user-nj9jv4ds7l |
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What about fixing costs and loan percentage will be more than your benefit Comment from : @user-nj9jv4ds7l |
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What about fixing costs and loan percentage will be more than your benefit Comment from : @user-nj9jv4ds7l |
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What about fixing costs and loan percentage will be more than your benefit Comment from : @user-nj9jv4ds7l |
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All this time I just had to buy a $1 million home and my problems would be fixed Comment from : @summoultimus |
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Yes I followed his recipe by the time I had my 20th property my house of cards completely collapsed Can I get a refund on that smart advice? Comment from : @HunterMann |
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And if the housing market crashes? Comment from : @matthewfossay9815 |
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That is why guys in amerika always will have real estate crises Holy moly Comment from : @hajvankiller |
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Key is to make sure house is in good condition Comment from : @carlosv2283 |
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Taxes are The question , I know people that owe taxes on There House and about to lose their house , What do you do Comment from : @yolandamorua107 |
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Refinance? No No Comment from : @banhmi8122 |
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These guys have learned the Indian ways Comment from : @syedrahimsaqib2218 |
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And when these greedy people over leverage and crash and burn I pick their hole portfolios up for cent on the dollar at auction 😁 Comment from : @Did-I-offend-you |
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So they give me a loan for my equity in the property? That makes no sense That's my money; and I have to pay back my money with interest? 🤔 Comment from : @realgems24 |
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I think once you own a residential property, you shouldn't be legally allowed to purchase another residential property Comment from : @derpataur1162 |
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housing should have never been a business 🥷🥷 Comment from : @presidential3228 |
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And when your tenants don’t pay? Comment from : @TheJustonemore |
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BS Comment from : @joking6052 |
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Would that equity loan count as per of the dept/income ratio when financing the the new property? Comment from : @marualfaro7290 |
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FYI for those that dont know YOU dont get to determine the value of your house the market timing and the appraiser the bank sends out will determine how much your house is worth this guy is spitting lies This only works if the value of your home after fixing it up actually goes up and not just because you say so Comment from : @nathanmedema5458 |
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Or you claim your $18M dollar property is worth $12B I mean $15B I mean When does that Forbes list come out? make it greater again $18B 😂🍊🧌 Comment from : @davidowle3772 |
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It kinda sounds like fraud Dont lenders require you spend the money you’re lended on what’s stipulated in the loan agreement? Comment from : @lucasrabb |
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Didn’t they change the rule you have to hold your house a year to refinance? Comment from : @zackmckenzie3582 |
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You're days are over Time to find a real job Comment from : @markz1013 |
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Maybe for the first house , but if you have a hand full of home all maxed out , you are screwed Comment from : @j1crx |
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That what I do Comment from : @sahidshams1208 |
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Anyone that tells you “it’s just that simple” doesn’t have a clue what they’re talking about Run the other way Comment from : @YT_Watchers |
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Sorry mate it dose not work like that unfortunately Comment from : @gurconprojects2128 |
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And this is why are here today Comment from : @elmztana1201 |
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So what donald trump just got indited for Comment from : @master_hite |
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My understanding is you need to qualify to refinance, its not free money they are not just giving money away because you think your home is worth more The bank will verify you can afford the added debt If you got a mortgage/loan originally say for 250k and wanna cash refinance and pull 100k of equity you need to show you can afford it You also get a new interest rate might not be as good if your credit is bad from all the credit lines you are pulling or debt to income not lining up 100bucks im rental income is not alot fiy its practically breaking even and on paper like any business you are breaking even and wont qualify for crap Its takes time and you still have to keep a job/work some income to finance your game plays Or investors daddy’s money etc Comment from : @sexymonkey4979 |
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im always stuck at "you buy a property" Comment from : @arnoldpablico2130 |
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Sounds like racking up debt Comment from : @fernandodatil2740 |
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Unless you can’t qualify for the loan Comment from : @jackflip4877 |
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Here’s a strategy, you get a Home Owner looking to sell to Sign an Options agreement with youbrYou get a loan to flip their house for them Increase the value of their home when they sell, and you pocket either a set amount or the difference from the profits Comment from : @stevejobs3895 |
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I found better success in the same strategy, but rather than renting just sell the property and pay off the mortgage A step above world be to buy the property on a credit line rather than setting up a mortgage The right bank makes all the difference Comment from : @MikeSyraxx |
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This is why the housing market is so crazy These people ruined America for the rest of us Comment from : @Rhythmaxed |
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Graham the proceeds of that 70 do I have to invest that in the same state? Comment from : @blakegracia5892 |
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Isn’t that dangerous because now you have a monthly payment due for a loan to get a loan? That you have to make payments on? Comment from : @stefansnell174 |
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Taxes taxes taxes oh but wait probably doesn't always appreciate Comment from : @dstowe1927 |
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U hav to pay back w high interest that loan Comment from : @user-wl9nd5db7c |
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USA is not far from starting shrink in population Homes won't be overly expensive for many more years Whole world issue and it's going to decline much sooner and faster than estimates Comment from : @pondmegastore |
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