Title | : | HOW TO GET RICH WITH REAL ESTATE |
Lasting | : | 0.27 |
Date of publication | : | |
Views | : | 9,2 jt |
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Here's the full video guide: youtube/bJx7_1rWC6U Comment from : @GrahamStephan |
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You have to get it appraised you can’t just say it’s worth more Comment from : @quirkking |
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So now you have $100k to use as a downpayment, and what about the rest of the money for that second house? Is it magic money? Lol Comment from : @David_Jame5 |
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No way even if u don’t have a lot of equity u can take a loan on equity? Comment from : @Sexpistolz |
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You buy a property in Egypt Comment from : @avengarfield |
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This doesnt work if interest rates rise Comment from : @DubDigital |
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I am more a fan of turn key Comment from : @Thrive910 |
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The step I’m missing is the how you can “say it’s worth $100k more” part Comment from : @heydude21687 |
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You have to make sure the rent market at that house will cover the mortgage payment and! Leave you with as low as $300 cash flow Comment from : @faustouguna1170 |
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Brrr Comment from : @bigdog85000 |
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I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet Comment from : @CalebMartin2U |
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What houses are 400,000 what is 70 grand not good Comment from : @kyledavis7292 |
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If you mess up you are cooked, if I was you I’d go the safe way and not go into debt Because why take the risk? Comment from : @CrilderOfficial |
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Graham’s friend Dave Ramsey would not agree with this strategy This is what broke Dave back in the day Comment from : @MathTech83 |
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I bougth a Property in Egypt and what they do for you is they give you the property😂 Comment from : @konradandjispro8681 |
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Sounds like BRRRR Comment from : @grandiosecapitalprivatemoney |
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he right be very careful tho and study the brrr buissnes model very carefully please dont start if you dont have an already existing buissnes that cashflows otherwise you wont get a benificial low fixed rate loan and the property simply wint cashsflow the you have a liability debt so be very carefull what type of property gou aquire A,B,C,D and at all cost make the property cashflow vacancies happen thats not a big deal if you have a corporation already tou can cover until the next tenant comes along thats part of the game the downhill starts when the property have been wrongfully aquired and you deluting cashflow i hope god bless you all and your families 🤲 Comment from : @rafaelmanolaros |
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This is a good idea until it isnt The goal of real estate is not to finance as many properties as you can The goal is to pay off as many loans as you can in casd the market crashes you're still above water Comment from : @Sulfen |
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This doesn’t work if you hold a job that pays 40-50k a year Banks won’t give you multiple loans It’s not easy unless you have a leverage! Comment from : @EnergyHealer |
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I love this type of advice Comment from : @Inspirecream |
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Parasites Comment from : @Archfiend90210 |
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But first have cash spare for the house 😂 Comment from : @tomloftus3236 |
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100g more? lol dude unless you’re doing some MAJOR stuff it ain’t gonna be that much more Comment from : @mrnoname5183 |
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08 was due to a financial crime, it had to do with mortgage backed securities that were basically fake, triple a bond rated when it was full of junk bonds The securities industry is responsible for how bad it was Not a normal housing market cycle Comment from : @gabrielhaskins705 |
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It's certainly annoying when people make it seem that simple 😑 Comment from : @AstraRealEstate |
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Everybody’s complaining about house prices You don’t have to buy in California or NY, just buy in smaller states for 200k!!! Comment from : @cesarperez81828 |
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Great! Comment from : @CharlestonrealtorGino |
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Great! Comment from : @hustedrealestate |
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❤❤❤❤ Comment from : @villareferral |
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This is not accurate and people should not listen to this advice Comment from : @jacobavila2020 |
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My tenants stopped paying So you need to make sure you make enough to cover that situation just incase Comment from : @mikebarnes1239 |
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cant do this anymore Comment from : @hoodeezbox |
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Perfect recipe for getting wiped out every 6-8 years in an inflationary environment Our economy is an inflationary environment by design Sometimes high rates sometimes low but designed to crash consistently which makes the banks richer at the end of the cycle and after taxpayer bailouts Because gosh, " they're too big to failbut we're not No bailouts for ordinary citizens Comment from : @Aortadetroit |
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Hard to do in places like Hawai'i Comment from : @mailanim |
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Interesting because when you get that loan after you say how much your house is worth after fixing it, you could keep half and put half down payment on another home, fix it with the money you kept or get a small loan to cover the fixing and repeat but you’ll be seeing a lot of money and your properties gonna be paid on their own 😮 I’m I wrong? Comment from : @DomiiFred |
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Thank you for recommending Rebecca Jin financials on one of your videos I reached out to her and investing with her has been amazing Comment from : @โสภาสิงห์ทอง-ฟ7ว |
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Either interest rathes this is harder to do asnoppose to value in selling and not cash out refinance Comment from : @XTen1000DaysX |
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Now I have recovered 90 of my lost money may Allah keep blessing her for me ❤ Comment from : @mustaphaismail8621 |
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You dont get a load for that "exact amount" its usually 80 of the value on of a house with higher rates Comment from : @duck7445 |
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I take from this only leverage what you can actually afford 🤷🏽♂️🤷🏽♂️ Comment from : @ChayneLikeShane |
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Im going to get rich Comment from : @Levarboston |
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And prey the housing market doesn’t crash Comment from : @AllproCarpetAndUpholstery |
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The real estate bubble burst in 2008brPeople before 2008: Comment from : @Light_o616 |
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Thank you for recommending Rebecca Jin financials on one of your videos I reached out to her and investing with her has been amazing Comment from : @วิทยาคงกะพันธ์ |
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I'm portuguese, I think this only works out on América at least not on Portugal for what i know 🙃 Comment from : @JorgeMedeiros-o4k |
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bEquity/b You’re cashing in your Equity Comment from : @fellowamerican7923 |
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What happened in 2008 with this method? Comment from : @brent4764 |
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That math doesn't mathbrConventional 1st only go to 80 of the property valuebrA 2nd mortgage typical does not go over 90-95 Combined Loan to ValuebrAnd don't get me started on Debt to Income ratios Comment from : @JoJoBlume |
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As practice shows, real estate is a higher risk than cryptocurrency Comment from : @VectorMoving_ |
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Yea…step one is buy a house 😂😂 Comment from : @vashstampede2117 |
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Except for the vast majority of people it doesn't work Comment from : @rdknght17 |
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What happen when people stop renting all of your house because the price is too high? And no one buy your house either when you sell it because economy is not in a good condition? Comment from : @adibz959 |
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Not how it works, from my humble understanding of mortgages unless you’re financing at just under 100 LTV which is rare nowadays or using a hard money lender with high rates? Comment from : @benvalladolid672 |
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So what about the cost to fix up that property? Comment from : @tinly1 |
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This doesn’t work for people with average income with no fall back For average income, the goal should be to have a paid off place FIRST Otherwise, you could lose everything! Comment from : @gutsandgrittv5076 |
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Well, now you have a payment on the 80,000 as well as the mortgage on the new home, correct? Comment from : @ajsalazar1390 |
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“It’s just that simple folks!” brbr😑 bro, not a soul watching believes you Comment from : @thomasrodriguez-fh9yn |
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😂😂 Comment from : @Fatboylo1980-l7n |
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😂and what about the risk involved Comment from : @ericmyers3561 |
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Instructions unclear: I was born too late to afford a good home Comment from : @TacomanDezzy |
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Instructions unclear: I was born too early to afford a good home Comment from : @TacomanDezzy |
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I would be an idiot to refinance right now so the BRRRR method is not for me at the moment Comment from : @Holthane |
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Wow! Thanks for sharing! Comment from : @SamiraWREI |
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It literally called the BRRR method Comment from : @sirjessie3244 |
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No doesn’t work that way Comment from : @luisguevara6220 |
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How to go bankrupt 101 Comment from : @kitty7184 |
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Guess Norman Vitalii is so great they need bots to say it Ridiculous! Comment from : @joshuadavid6810 |
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Graham is it possible to get into real estate with 10k?? Comment from : @groundbeefpodcast |
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No it’s not, well maybe there yea, but clearly y’all haven’t heard of the taxes and you can’t just say that this is 100k and get a loan for it to buy a new property 🤦🏼💀 Comment from : @mountaindewview4419 |
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Your interest rate also raises so what’s the exact point I agree this may be the trick but it ain’t that easy as it looks Comment from : @nazeerahmed1719 |
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Way too much risk, just takes one domino Comment from : @wassup287 |
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Don't perpetuate this awful scheme This is the reason the housing market is as fucked up as it is Housing should not be an investment Housing is a basic necessity Gen Zs will never be able to own their own homes because of this fucking scheme Comment from : @stefanyoutube-v6j |
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Put the income from that property into dividend paying whole life, take a cash value loan to get the next one Use the cashflow from those to pay back the loan, rinse and repeat Comment from : @Thewealthwarehousepodcast |
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What if the price goes down, though? Comment from : @matthewmorgan582 |
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Shady Comment from : @whitneypay515 |
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The drawback is that you pay an entire set of closing costs twice Comment from : @talus007 |
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lol Yeap stay in debt … Comment from : @PAPERWEIGHTPRODUCTIONS |
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Ok now you have a loan payment? Comment from : @sirv1234 |
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As a financial advisor I can confirm that this is 100 inaccurate as they failed to mention a person TDSR (total debt service ratio) you still need to qualify for those other mortgages with your income Most people can’t qualify for one home Comment from : @skankhunt305 |
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This is called risk “Leverage yourself up to your eyeballs” Comment from : @RadmobileGaming |
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Just that simple🤔 Comment from : @Thewealthwarehousepodcast |
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Play stupid games, win stupid prizes Comment from : @christianhcevallos |
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You can’t refinance a rental property, it must be your primary residence (in Canada at least) Comment from : @dannysasa6380 |
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It's cheaper to buy Land and build a house because profit is way better Comment from : @daneli9770 |
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Great video Comment from : @movingtokitchenerwaterloo |
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nice concept for sure Comment from : @ReeInvesting |
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It is not just that simple unfortunately Comment from : @jayib3xx502 |
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