Learn how to become a millionaire through the wealth-generating powers of real estate investing!
In this video, Brandon Turner breaks down the simple math of how real estate can build massive wealth through the 4 wealth-generating factors that real estate investing has.
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How do I do it with no money down?
The future belongs to those who believe in their dreams. Success is a State of mind. Think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez Amend.
I looked maybe 100 Zillow estimates monthly cost and estimate monthly rent, I couldn’t find anything give you positive cash flow
Every single person who wants to use this to make money is a scalper who does nothing productive for society.
1. The cash flow would be nice to be positive. Meaning. You should have some cash after expenses
2. Leverage. Renovate and increase its value
3. Idk this one cause its a bit different in my country
4. Its the same in my country.
Nice vid
Can you get the 20% out of a credit card and loan the 80k from another bank? Or you need to have the 20% already?
Bulshit & Lies.
This is some of the most concise informational content I’ve ever seen.
The 4 janitors
I do a 2:1 strategy, i buy two run down houses about every 18 months these are usually in need of work and brought below market value. Refurbished and sold. Within that same period i buy a third house using same under market strategy this is then refurbished and rented.
So far i have flipped four house and generated net profits after all fees and taxes of £125k. I have two rentals that generate total net profits of £8400 per annum at present.
My goal is a small portfolio of 10 properties, and to flip at least a minimum of 3 houses each year with a net profit of £100k a year.
I know that sounds ambitious but got to aim high to live the life you want.
Oh also just in case anyone wondered how i started, my very first property i brought from the council it was a flat. I had a 10 year mortgage which was fixed rate for 5 years, after the 5 years i remortgaged for 2 years meaning i paid off my mortgage in 7 years. After the term of the mortgage ended i was able to save £800 a month and also made money from side investments. After 3 years i had with all the different incomes managed to save £50k, i sold my flat for £150k and used the combined total to then start my property investments.
bs
@biggerpockets, this the first time I have understood this concept after watching thousands of videos
Where can you buy a house for less than a million let alone 100k. The cash flow portion isn’t a possibility. In year 10 it should double in value. I can’t see any correlation to your arithmetic to the Australian realestate market.
What about detoriating cost and expenses
And uncle Sam is sitting and watching me become a millionaire. What a nice dream!
Who's going to pay the interest on the loan?
I know this inside and out and its not accurate. There is too many things not mentioned. Only a small percentage of people succeed in real estate because its not that dimple and alot of fees are not included here. In most cases people are out of pocket in real estate because people make it seem like you dont pay anything from your pocket. You actually do need to make a good income to service your loans because the rent falls short as its suppose to. Look into it before you act
Ok so I live in Hong Kong . If I would have bought an Appartment 1 year ago for 1 million USD it would be worth 600.000 usd today . The interest on my mortgage would have increased from 1.3 % to 7 % today . So how ????
You forgot interest on the loan
the best video ive ever seen on this. talks fast and and to the point. no bs no nothing just straight up get up and go.
I just wonder why nothing was said about the monthly mortgage payments!?!?
Nice video!
There are still some flaws in the assumptions, though
The property value is not a constant growing curve, more like a sinusoid with ups and downs
The costs with a property might be tricky (eg, no rentals for a period of time, some unexpected maintenance costs, etc).
Nevertheless, a good video. Thanks
Reality is following:
1. The positive cash flow is not true in most of the cases. If it was, people would only buy real estate and never rent
2. You are not counting the opportunity cost, e.g. If you have tied 100K in your real estate, that 100K could make lets say 3% in the bank, or 6-7% on the stock market
3. There is a lot of One-offs that you do not take into account when looking at the cash flow – furniture & appliences upgrade/repairs. month here and there not rented out, not paid rent.. etc.
I'm favoured, $500K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America
start a relationship with a mortgage broker
Rental properties can make you rich in CERTAIN countries… As a legal practitioner in South Africa I can confirm that I’ve evicted more people from rental property that anything else I’ve done in other fields of investment. You don’t technically have to pay here, and getting the person out takes years. If you are a south african don’t buy rental property, it’s a terrible investment here
2.6m suckers watched this 😂
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
This Housing market collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.