How To Become A Millionaire Through Real Estate Investing (Newbies!)

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Title	:	How To Become A Millionaire Through Real Estate Investing (Newbies!)
Lasting	:	10.05
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Views	:	2,9 jt

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k Every seller in my neighborhood is currently making a $350k profit Simply unreal In all honesty, deflation is what we require The only other option is for many people to go bankrupt, which would also be bad for the economy That is the only way to return to normal
Comment from : @KimberlyVerville

I feel like I was saying “no shit” after everything he said in this video What am I missing
Comment from : @jacksonturner7838

Everything is great until this is 5 years ago $500000 apartment complex? nope : /
Comment from : @bilhanbel7591

Everyone wants to be a millionaire when they really need to be multimillionaires if they want to live a decent life
Comment from : @GunCollector007

After selling a couple homes in 2020, I'm anticipating a housing crisis in order to buy inexpensively As a backup plan, I've been thinking about purchasing stocks What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce Why does this happen?
Comment from : @CalebMartin2U

Great informational video 💯
Comment from : @Movieclips_101

I believe people need to Invest in Real estate, get more into stocks and the foreign exchange market, I’ve seen and read how profitable some traders are, making millions, it’s incredible and astonishing, I know there’re no shortcuts Whether or not real estate is a suitable investment for you depends on your individual financial goals and risk tolerance
Comment from : @MaximilianFischer497

Once I hit 10 rentals I’m done and I’ll quit my 9-5
Comment from : @danshealthylifestyle8443

ok what he is basicly talking about is the brrrr buissnes model he is actually 100 but plase dont proceed at anything until you study extremely well real estate let me explain you must make sure at all cost that the property is cashflow positive if not you are stuck in liability debt the way you do that its is 1) qualifing for a fixed good intrest rate loan by having good credit and an already existing buissnes before you get in to the property game br2) its not as simple as you get a run down property you must buy a run down property at the right location location is key both for cashflow and apreciation dont buy in the A,D area it will never cashflow its almost impossible buy in the B,Cbr3) calculate very carefully how much does the fix cost you easily run out of money br4) have a property manager please dont try on your own br5) dont over levrage vacancies are very comon thing and playing it safe for me i the way to go as you can imagine is a huge world with tons of knowledge you must put every single time even with the tax credits with properties they change every year the benifts tho are beyond amazing i hope god bless you all and your families 🤲
Comment from : @rafaelmanolaros

good information thanks
Comment from : @shortsdancevideo7

A house for 100,000 is an INSANE under estimate The privilege to being born in wealth is huge
Comment from : @Pure_117

How will you pay the loan per month?
Comment from : @dakshtalesara1969

It’s kinda wild how people are only scratching the surface and don’t take the time to read 25 money secrets from Donald Trump Get out of the rabbit hole
Comment from : @MarkJones-yu1rs

are you a millionaire?
Comment from : @rowanwright

what about the depreciating value of apartment after 15-20 years?
Comment from : @81dilwar

2 points I have to make:brbr1 US banks loan money at very low interest rates If you are living in another country, a 10 or 20 down payment might not be enough to generate positive cash flow from year one I would recommend using Discounted Cashflow Analysis to see when you'd break even and what the ROI would be at the end of the loan periodbrbr2 His comment about tax is a little misleading If your friend makes $100k at his job and you make $100k from rentals, you only pay less tax if you have a lot of tax deductables Tax deductables are still expenses though and reduce your profits
Comment from : @jordanvelthuis6767

Aloud properties
Comment from : @esashaful

Having a real estate license can be a smart stepping stone into property investment Personally, I like specializing in multifamily properties because it allows you to leverage commissions, and by living below our means, and saving aggressively - anything is possible This approach gives you a head start in creating a strong property portfolio early in your career
Comment from : @jasonjosephlee

What about the interest rates of your mortgages
Comment from : @dragos_voicu

5;43 you fotgot about to the bank for the loan
Comment from : @filmopfil

Good video thank you so much❤❤❤❤❤
Comment from : @prashanthkalladan5143

ANOTHER TRASH PROMOTION VIDEO OF A PRODUCT THIS IS HOW HE ACTUALLY MAKES MONEY NOT RENTALS 😂
Comment from : @Jonnyjones90

THE VIDEO IS SO FULL OF TRASH I ALMOST SHI MYSELF 😂
Comment from : @Jonnyjones90

you forgot one important income INFLATION ! Inflation work also on depth money If you borrow 80 000 $, on inflation you get about 20 000 $ over 10 years
Comment from : @brino2999

Why don't u talk about the interests 😢
Comment from : @mbarakjabry7634

That’s slow steady money I live the fast life that is a slow cooker
Comment from : @Undermineded-333

thank you
Comment from : @celestinoedubas

Dont over extend your loans you will go bankrupt in a crash
Comment from : @makmar4484

Does this work in today’s market?? 2024
Comment from : @eduardosarabia1991

As practice shows, real estate is a higher risk than cryptocurrency
Comment from : @VectorMoving_

That’s awesome the art to look homeless and became a millionaire at the same time
Comment from : @BarGolum

You don’t have to buy a big property right away I began by investing in single-family homes and renting them out That alone started building my portfolio
Comment from : @Churchillhump2268

It does seem intimidating at first, but the key is starting small You don’t have to buy a big property right away I began by investing in single-family homes and renting them out That alone started building my portfolio
Comment from : @Daisy-xyq

U guys worship money What u need to do in these times is to live on as little as possible When the cnr set in u will not be able to accumulate wealth Ur money will have an expiration date Read agenda 2030 U will own nothing and be happy
Comment from : @SuperLuckao

I’ll summarize, buy in 2019 sell in 2024 Boom you’re a millionaire 🤣
Comment from : @Folgers333

Thank you By far the best explanation I heard about real estate investing
Comment from : @harlemespanol

so your loan dont have any interest rate?
Comment from : @summerkeremet8683

idk, i think at the end BANK wins
Comment from : @itsaaron392

It is worth every second the fact that within a very short time you have been able to elaborate and explain the technique to a point one can easily understand and apply it is applauding Nevertheless the future one turn to imagine can be a reality if a good information like this is passed and applied accordingly
Comment from : @MikeCollins-g6n

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30 per year in dividend returns Any advice?
Comment from : @ArleneMaxwell-l2p

I miss the post Pandemic Mortgage rates, those were good times ! The market correction has been massive and with the impending recession it seems like things are only going to get worse
Comment from : @ThomasColt

And what about money you have to to give away monthly to pay off your mortgage?brbrI didn’t see it in your explanation
Comment from : @ChandlerNightroad

okbrmaybe in the future
Comment from : @MariadeLourdesAniesSanch-ze7hf

And not a word on the interest (which in some cases varies ) that one pay on its loanbrWhen you lend 1 usd you always give more than 1 usd back
Comment from : @oferk-x2g

Hopefully this works 😅
Comment from : @marjoriewhite3168

Great video going to attend a webinar
Comment from : @m3lvin888

I’m up to 6 houses in 7 years
Comment from : @BRC332

If the market goes down, and you're stuck with a bunch of properties, that's a lot of property taxes to pay each year For someone starting off with no other successful properties, they wouldn't be able to claim that as a business deduction to reduce the amount of taxable rental income, thereby lowering your overall tax liability Sure you paid $30,000 in property taxes, but with zero income, it's moot 😆
Comment from : @Constitution1789

Can anyone explain why reducing the loan from 80k to 785k, therefore paying the bank 15k, is not an expense ?brOnly explanation for me would be considering the 25k annual rent a net income fully comprehensive of all the costs: maintenance, income tax, property tax, loan interest, capital repayment (15k)
Comment from : @gaaaatto

What if apartment is vacant
Comment from : @rishabhgoyal2513

Wait, so this guy teaches you how to be a millionaire? The place he's in doesn't look like a place a millionaire would live in
Comment from : @nickc259

Most people I know who try to make money this way are the tightest bstds on planet earth ❤
Comment from : @Eggfarts36

Real estate investing is the bomb, I love it I try to talk everyone into it because it has such incredible power to supercharge your net worth I think professionals who are stalled out in their career income (like teachers, pastors, nurses, etc) should really jump into real estate so they can supplement their current income and build real retirement income And they can become millionaires even if they don't have a lot of cash to invest I know because I've done it! You can too!
Comment from : @jalleninvesting

500k complex haha that's definitely not in Canada
Comment from : @santinoguraia2248

How to delude people? watch this video with incomplete information
Comment from : @karthiknl4824

Get Rich quick
Comment from : @ryanheaton8742

What's the rate of inflation US dollars are becoming like Iranian dinar
Comment from : @Recon_Racing

Yes multiply it , got it !
Comment from : @anthonyesparsen7776

A quick question guys, 5 years later from the release date of the video! Excuse me for bad English, hope you understand At minute 6:45 you said that you made 2400$ (200$/m from renting) in cashflow every year, 24k in 10 years, and you add that number to the wealth you build after those 10 years, but in order to dicrease the loan to 60k, you paid each year from your rental earnings So how you got those 24k after 10 years and the loan drop down to 60k?
Comment from : @sevv8987

If you pay too much for the initial purchase, your appreciation will take a long time to be realized
Comment from : @davidadamson3664

Can I end up in a debt trap
Comment from : @eggonwalterlewinsshirt1071

Questinable math
Comment from : @PixelRock

I don't think real estate business is for normal job holder people The first thing the middle class people should think is about their food, rents and etc The bank does not provide loan without collateral and income source, other thing the rental income never covers the interest and also each month EMI has to be paid and that is of course a big amount This trick applies for a wealthy people who are already a millionaire, they can become Billionaire But normal middle class people, no way The ides is not practical for normal people
Comment from : @knowledgeispower8420

Now make one for California
Comment from : @LaserMaser401

Great video! Your advice is super helpful for real estate newbies It's inspiring to see how investing in real estate can lead to becoming a millionaire 🙂
Comment from : @husbandandwifeteamak

The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes about how people are stuck in life
Comment from : @thebestone11-r9y

you dont become millionare, you become multi millionaire, cuz only a amillionaire can buy 500K$ of property
Comment from : @kaizenamir

and no one wants to rent your house, and you should pay every month 2000 😂 👍
Comment from : @Deadragonbone

or a banrupted former houseowner brIt's easy to get carried awaybecause things can happen that you have no control over Anyone who doesn't know this or say it openly is not a successful real estate investor! That*s a fraud only!
Comment from : @leonieharry2941

why do you yelling when you explain the things? It hurts in the ears and causes headaches Maybe you should better stop this ugly backgroundmusicso you there is no need to yell anymore ;-))
Comment from : @leonieharry2941

The worst house in our area is 499k and needs everything… nuf said…
Comment from : @GB-ue6wr

If you make so much money on rental properties, why do you have to sell books and videos on HOW to become rich with rental properties?
Comment from : @Wannakatana2112

Alt yazı yok türkçe
Comment from : @erdemasci5699

Wouldn’t it be better to have a house at 250k-300kbrMore able to afford a 100k home but this is post Biden America brWhat home is worth 100k?
Comment from : @michaelscottintl

Awesome video but its hard to find a house cost $100k in AZ 😅
Comment from : @timmyhuynh3859

Aren't you counting the $24,000 twice? You're using the rent to paydown the loan, which is how you're gaining equity So adding rental income on top of equity gain is just misleading What's the motivation here?
Comment from : @jeffreyreicks9051

Why is the cash flow from the property added on top of the equity, isn’t that basically what is reducing the mortgage through all those years?
Comment from : @pai5563

I dont understand how the loan dropped 15k Can someone explain?
Comment from : @dimitrismoulosiotis9400

Ireland brrental income 1100euro per calendar monthbrminus 40 income tax 440e pcmbrbalance 660ebrminus mortgage repayments 650e pcmbrminus maintenance 120e pcmbrbalance is negative 110e pcmbrhow can i change this?
Comment from : @yogibear284

What a ridiculous analysis Not a single mention of the loan repayment money you are losing out And the opportunity cost of investing it Here, arbitrage exist only when the monthly income from rent is more than the loan repayment every month And it's impossible to find tenants all year round But yeah, airBnB could work
Comment from : @robinccc

I live in Oz so…brGiven cost of properties right now it very difficult to start… avg cost for house $ 700-1000kbrIf you take your time paying the full term if the loan … say 30years on whatever interestbr… You paying massive total interestbrYou might say millionaire but really the bank owns most of itbrbrIn theory yesbrIn practice more difficultbrA $100k house doesn’t exist anymore … that’s the cost of a modest car 🙄
Comment from : @matthewstewart5008

You missed mentioning how you pay the loan back It is coming out of your revenue or income, so it should be subtracted not added
Comment from : @nadimchartouni350

26m suckers watched this 😂
Comment from : @two61

Reality is following:br1 The positive cash flow is not true in most of the cases If it was, people would only buy real estate and never rentbr2 You are not counting the opportunity cost, eg 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 marketbr3 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
Comment from : @SKarea51

Nice video!brThere are still some flaws in the assumptions, thoughbrThe property value is not a constant growing curve, more like a sinusoid with ups and downsbrThe costs with a property might be tricky (eg, no rentals for a period of time, some unexpected maintenance costs, etc)brNevertheless, a good video Thanks
Comment from : @TerranWithCare

I just wonder why nothing was said about the monthly mortgage payments!?!?
Comment from : @dmitryisakov3215

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
Comment from : @brandonzetina9768

You forgot interest on the loan
Comment from : @daviddriedger3244

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 600000 usd today The interest on my mortgage would have increased from 13 to 7 today So how ????
Comment from : @renerene852