How To Buy Your First Rental Property In 2024 Even If You're Broke

Ойын-сауық

Here's how you can buy your first rental property this year!
---
If you want to level up, text me at 725-444-5244!
Get access to our community, coaching, courses, and events at Wealthy University www.wealthyuniversity.com/
Get high quality, motivated seller leads, on autopilot for your real estate business. www.leadkitchen.com/
---
Are you trying to buy your first rental property this year but aren't sure where to start? Ryan Pineda goes step by step how you can do that, with tips and tricks for finding deals and funding! Ryan also discusses whether or not you should buy one in the first place! A rental property isn't always the best investment depending on an individual's situation.

Пікірлер: 492

  • @NicholasBall130
    @NicholasBall1302 ай бұрын

    Biggest lesson i learnt in 2023 in the Real estate market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

  • @EleanorBaker474

    @EleanorBaker474

    2 ай бұрын

    Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

  • @lindabrooks6667

    @lindabrooks6667

    2 ай бұрын

    Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

  • @DilaraKamelya

    @DilaraKamelya

    2 ай бұрын

    Could you kindly elaborate on the advisor's background and qualifications?

  • @lindabrooks6667

    @lindabrooks6667

    2 ай бұрын

    The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name, She's established.

  • @VictorBiggerstaff

    @VictorBiggerstaff

    2 ай бұрын

    I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

  • @bernadofelix
    @bernadofelix9 ай бұрын

    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.

  • @hersdera

    @hersdera

    9 ай бұрын

    Personally, I can connect to that. When I began working with Margaret Johnson Arndt, a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

  • @hersdera

    @hersdera

    9 ай бұрын

    "Margaret Johnson Arndt" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market

  • @whatta7793

    @whatta7793

    8 ай бұрын

    We can experience deflation from 2 things, 1) drill baby drill, which will lower inflation, and provide us with 2) lower fed rates, people will be back to selling/buying houses like before. My parents house has went from $380k to $520k~ cash offer from a local realtor company, who would probably flip it for an even bigger profit. It was $500k, but they've raised it to $520k, the realtor company themselves. It seems the only way I'd be able to get into real estate myself right now, is simply by purchasing in smaller cities/towns. Even houses in big cities but the ghetto, have went up 50-100%.

  • @jorgesito..

    @jorgesito..

    8 ай бұрын

    @HarveyMark-gk1omthis is exactly what will make it come down. Wait for people to start thinking it’s a better idea to save their money than spend it on our expensive economy and high interest rates, which means all big business will have less revenue such as real estate agencies and will need to drop prices to make people want to buy😊

  • @ObamnasHusband

    @ObamnasHusband

    4 ай бұрын

    You really think the fed is going to push us into negative inflation rates ? Thats like believing that a stripper is actually into you

  • @taxuantrung3268
    @taxuantrung3268 Жыл бұрын

    I wasn't financial free until my 50’s and I’m still in my 50’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

  • @HEC892

    @HEC892

    Жыл бұрын

    Thanks this is cool to read for a 33 year old with no real assets

  • @rafaelalcaraz7250

    @rafaelalcaraz7250

    Жыл бұрын

    genuine question what took so long I don't mean that in a rude way im almost 30 and still have ways to go.

  • @nanojimenez7079

    @nanojimenez7079

    Жыл бұрын

    What if I’m 21 and no experience with some savings

  • @genxnewb

    @genxnewb

    Жыл бұрын

    I started when I was 51. Now I have dividend cash flow and gonna scoop up some subtoo's when the economy really crashes

  • @jazzjasllian

    @jazzjasllian

    Жыл бұрын

    Bot

  • @AnastasiaIvan-hs3vg
    @AnastasiaIvan-hs3vg11 ай бұрын

    The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

  • @ZahidTaimoor95

    @ZahidTaimoor95

    11 ай бұрын

    Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

  • @AnnEve-mi5zv

    @AnnEve-mi5zv

    11 ай бұрын

    " It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."

  • @JeffreyAlice

    @JeffreyAlice

    11 ай бұрын

    The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

  • @BrooklynHarlow21

    @BrooklynHarlow21

    11 ай бұрын

    Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

  • @NwachukwuEdithN

    @NwachukwuEdithN

    11 ай бұрын

    ​@bellakinhs9921Trading under the guidance of an expert is the best strategy for beginners.

  • @SuccessMikeMatthew-gw5uh
    @SuccessMikeMatthew-gw5uh4 ай бұрын

    I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller

  • @SuccessMikeMatthew-gw5uh

    @SuccessMikeMatthew-gw5uh

    4 ай бұрын

    she's mostly on Telegrams, using the user name

  • @SuccessMikeMatthew-gw5uh

    @SuccessMikeMatthew-gw5uh

    4 ай бұрын

    FXMILLER19 💯.. that's it

  • @SL-pg4dh

    @SL-pg4dh

    Ай бұрын

    Bot

  • @adamwe12
    @adamwe12 Жыл бұрын

    My man, I’ve seen many KZread and TikTok videos. You’re 10 years younger than me and have given me the most legit and sensible step by step advice ever to date! Myself and most people struggle finding success in entrepreneurship because we’re all over the place! Focusing on one skill and mastering that like (e-commerce, or couch flipping) for example, really is hard to do. Especially if you fail at first. What I’ve noticed is what makes any venture easy is that it has to be something that doesn’t necessarily feel like “work”! When it just feels like a hobby, you’ll succeed at it. I first started following you because I plan on getting into the couch flipping venture. It seems like fun, and requires very little overhead. I plan renting a storage unit and doing it this coming spring and summer, and see where it takes me. You’re wisdom is beyond its time! You have a gift. Keep doing what you do my dude!

  • @SP-dw9gi

    @SP-dw9gi

    Жыл бұрын

    Don't say spring, just do it now, it's now or never.

  • @kasiroy405
    @kasiroy405 Жыл бұрын

    Thanks so much Ryan! I currently live in the Midwest & I’m a w-2 worker trying desperately to get out of working for other people & become an entrepreneur. This video was super helpful

  • @GeorgiaMoore.
    @GeorgiaMoore.9 ай бұрын

    Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple vour investments if vou are young or middle age.

  • @genavazquez2943

    @genavazquez2943

    9 ай бұрын

    Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

  • @Hermanjackson89

    @Hermanjackson89

    9 ай бұрын

    Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

  • @wilmabrock6401

    @wilmabrock6401

    9 ай бұрын

    How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

  • @wilmabrock6401

    @wilmabrock6401

    9 ай бұрын

    Thanks for sharing, I just looked him up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly.

  • @Hozefasulieman11
    @Hozefasulieman119 ай бұрын

    I’m a kid and I’m dreaming to become a real estate agent sell houses and put them up for rent and stuff and while I’m still young I’m learning a lot from you and to anyone who is reading this I wish you reach succes

  • @danielhechler

    @danielhechler

    8 ай бұрын

    Keep it up youngin u on the right path

  • @J2SuaveLife

    @J2SuaveLife

    5 ай бұрын

    Keep learning bro. It will pay off trust me never give up and always believe. You got it

  • @J2SuaveLife

    @J2SuaveLife

    5 ай бұрын

    How old are you?

  • @TheRideshareHub
    @TheRideshareHub Жыл бұрын

    THANK YOU RYAN

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You're welcome!

  • @RainyDayz
    @RainyDayz5 ай бұрын

    Thanks for this video! So I was able to purchase my first house (condo) back in 2014. Lived in it for awhile, now rent it out. The condo has almost doubled in value. One of the biggest things Ive learned is that things take time.

  • @DanKohan
    @DanKohan Жыл бұрын

    House hacking a duplex is how I got started on my 16 unit portfolio.

  • @jasonkoch7808
    @jasonkoch780811 ай бұрын

    I’m at the W-2 stage of my real estate career. I have all the ambition to get started but I’m not sure where to exactly look for and what specific step I need to do first. Love your videos and imma keep watching them.

  • @nalmedina1
    @nalmedina1 Жыл бұрын

    I like that you are getting more focus into Real Estate tips with your KZread videos. I really love this video!!! Appreciated. I'm a beginner that only have two midterm rentals but I want to grow faster.

  • @DatSamurai
    @DatSamurai Жыл бұрын

    I'm a W-2 worker trying to make my transition into my side venture. I definitely like the mention of buying a primary home first then get another one and turn the first one into your first rental. That's pretty much the path I'm looking to follow with the townhome I'm I've been in since 2021. Great info Ryan!

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Great!

  • @SP-dw9gi

    @SP-dw9gi

    Жыл бұрын

    Been doing this for 10 years, a word of advice, buy ones that are close to your primary home, know houses Inside and out meaning how they are built ground up, systems etc. Build your trustable services people, HVAC, Plumbers, Carpenter's. Dont give your house to the first person who shows up with security, do background checks, and work checks, credit etc. Some of my best tenants are ones that didn't have a great credit score, so there is that lol.

  • @Brucelee89896

    @Brucelee89896

    Жыл бұрын

    @@SP-dw9gi just closed on my house

  • @rathkhan1114

    @rathkhan1114

    Жыл бұрын

    Where can I find this information that after one year you can upgrade to another house and make your previous primary house to rental house? Please let me know.

  • @Arabella.overton

    @Arabella.overton

    Жыл бұрын

    ^^

  • @lamarrboudreaux2082
    @lamarrboudreaux2082 Жыл бұрын

    This wasn't the news I wanted to hear, but it was the info I needed to hear. Subscribed!

  • @TheLoamWolf
    @TheLoamWolf Жыл бұрын

    Reinvesting back in yourself comment was 🔥. Thank you for the advice and expertise. We have an audience I think would love to travel and ride mountain bikes in new destinations and as a business owner I want to diversify and get into airbnbs to offer these properties and experiences to our pretty good-sized audience but fear I may have “shiny object syndrome “ as you called it. Thanks a lot!

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You're welcome!

  • @official_cabes
    @official_cabes Жыл бұрын

    So noble of you to look out for us and tell us the smarter way to do things instead of the "get rich quick" mindset.

  • @edwardgarcia338
    @edwardgarcia338 Жыл бұрын

    This was a great video, and super informative. Thank you for sharing what you’ve learned!

  • @georgianaavram139
    @georgianaavram139 Жыл бұрын

    Thank you for this video! I am an entrepreneur and I appreciated what you talked about in terms of entrepreneurs investing. My business has nothing to do with real estate and I wanted to begin investing in real estate on the side. But I haven't yet mastered step 1, so I think it's probably a good idea to build my current business, get to step 1 first? Do I need to get to step 2 ($1 mil) before I consider investing in real estate? Your videos are so valuable

  • @edgarb2454
    @edgarb2454 Жыл бұрын

    Thank you I’m going to stick to growing my trucking business first then. Up 3 trucks. Goal is 42 in the state .

  • @evanlomioan
    @evanlomioan Жыл бұрын

    Thanks for another great video as always.

  • @tylermichniewich1680
    @tylermichniewich16808 ай бұрын

    Great informational and honest video. Just starting to watch Ryan and definitely looking forward to all the good advice. Love the personal development insight. Jim Rohn said it also, Learn to work harder on yourself than you do your job.

  • @bb_ninja_cat
    @bb_ninja_cat Жыл бұрын

    This is the most authentic real estate advice I've heard on KZread!

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    I appreciate that!

  • @ef5842
    @ef584210 ай бұрын

    Ryan communicates so well that he makes this topic sound approachable.

  • @shaunmoorefinance
    @shaunmoorefinance Жыл бұрын

    Great video Ryan. Always good stuff for others to know as beginners 👌

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Glad it was helpful!

  • @JewelWrites-so1gm
    @JewelWrites-so1gm Жыл бұрын

    The future belongs to those who believe in the beauty of their dreams . Success is a state of mind . I start investing my cash in other to achieve all my dream.

  • @NwachukwuEdithN

    @NwachukwuEdithN

    Жыл бұрын

    Most People fail to understand that living a life without passive income isn't worth much except trying to payoff debts and loans.

  • @LucaArthur10

    @LucaArthur10

    Жыл бұрын

    ​@MichaelCerantes-vv9ftI've always wanted to trade crypto for a long time but don't have ideas about it , can you refer me to Mrs Karen L Nancy?

  • @JeffreyAlice

    @JeffreyAlice

    Жыл бұрын

    The market is profiting if you are using really a good broker or account manager to help out with trades or provide signals.

  • @OliviaEmma-tk6qc

    @OliviaEmma-tk6qc

    Жыл бұрын

    Successful people don't become that way overnight. What most people see at a glance - wealth, a great career purpose is the result of hard work and hustle over time.

  • @AnastasiaIvan-hs3vg

    @AnastasiaIvan-hs3vg

    Жыл бұрын

    ​@ThomasNoah-eu1muJust like a sport, the players need a good coach to guide them well as to win a match , so as a beginners needs the guidance of a good expert to make profit.

  • @gettingmylifeback4869
    @gettingmylifeback48699 ай бұрын

    Thanks for your honesty.

  • @AlexaV
    @AlexaVАй бұрын

    The news that I needed to hear. Thank you!

  • @Lisa-nt7wt
    @Lisa-nt7wt Жыл бұрын

    Thank you for being so positive about this subject. You are a great example of hard work at making your own dreams come true. I am so encouraged after hearing your tips. I am a w2 worker trying to break out and be independent. I have managing apartments for 12 years. I'm ready !

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You can do it!

  • @caribbeangirltv9468

    @caribbeangirltv9468

    Жыл бұрын

    ​@RyanPineda how can I invest 10stack

  • @coreyjohnson967
    @coreyjohnson967 Жыл бұрын

    Great video man!

  • @nelliemar
    @nelliemar Жыл бұрын

    Great advice thanks!

  • @CBZBeatz-id6sk
    @CBZBeatz-id6sk Жыл бұрын

    This was very helpful for my business

  • @geraldhodges3422
    @geraldhodges3422 Жыл бұрын

    I’m in the manage phase! Definitely motivated to keep pushing after watching this video. Thanks for the advise, Ryan! 💪🏼

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You got this!

  • @lauraayala9891
    @lauraayala9891 Жыл бұрын

    Thanks for your insights and at your 3:42 min. mark in your video, most viewers here should understand hiking up rents (which investors rely on) sadly, has lead to homelessness. Folks can't keep up with the new, beautifully remodeled homes. Not everyone is earning a professional wage. Home rentals changed to room rentals and most recently, it's morphed to room sharing: the cramming as many as 4 people to a room! I know an investor currently has gone into losing money consistently renting homes > to room renting > to room sharing (she found that families can no longer afford her rent rate!) in one state, leading her to flip both her properties quickly and settling herself in a mobile home (cheapest she could find for herself!) in another state. She's also changing her career! I'm seeing this over and over: folks can't afford rent that you and other investors expect. Since COVID conditions have driven e v e r y t h i n g to cost more, we're seeing how including Silicon Valley pay days cover far less. Budgeting seems to be one of the big hassles for working folks these days! Our values are clashing in this country, obviously. Perhaps, we could use a reliable business ethic whose "doors" could open every day and know that folks can afford products offered there. Good luck during these uncertain times. Note: we could see from state to state their large cities suffer less homelessness and investors could reliably get money $$ back on each investment if they wouldn't rush to outprice each rental as though it were their last. I'm only stating the obvious: sad results of vibrant cities slowly dying decade after decade in our country, USA.

  • @jasminelikethat7840
    @jasminelikethat7840 Жыл бұрын

    Hi Ryan! Thanks for the info😊 I am currently self employed and working on Wholesaling. I was wondering why It wouldn't be a great idea to buy my first rental property being that I currently renting (paying my landlord rent) I was thinking about doing a house hack where it's a multi family I live there and rent the other side. Now that u said i shouldnt buy it got me curious as to why since im paying someone else rent anyways. Thank you for the encouragement I never knew how I would be able to buy a home being self employed.

  • @edgarysabel7258
    @edgarysabel72589 ай бұрын

    The last piece of advise about investing in yourself first was the best single one that I have heard on youtube yet, thank you for beign honest!

  • @castanedagus
    @castanedagus11 ай бұрын

    You’re impressive, young, knowledgeable and GQ good looking. Congrats I’m so glad to see another Latino doing an amazing job!!! I will start following your amazing advice. You’re the best I’ve heard from all those others promising overnight wealth in real estate

  • @Omarwilsonn
    @Omarwilsonn4 ай бұрын

    W2 working right now, entrepreneur mindset and dream!! Finding the pieces to build generational wealth 🌞 Thank you!!

  • @lazvegaz
    @lazvegaz Жыл бұрын

    Hello, my fellow Las Vegan! Thank you so much for the infos and inspos you've got me through your videos. I'm really enlightened.

  • @lourdesmacatangay3700
    @lourdesmacatangay3700 Жыл бұрын

    Loved the message here! An eye opener!

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Glad you think so!

  • @Shi-Flan
    @Shi-Flan Жыл бұрын

    First off... Your haircut is everything... (this is my first time watching your videos). and second... Thank you for the information and the insight!! Much appreciated. For sure

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Thank you so much!

  • @thu-tuyetnguyen5156
    @thu-tuyetnguyen5156 Жыл бұрын

    Awesome content!

  • @throughfailureandsuccess
    @throughfailureandsuccess27 күн бұрын

    Great information and very simple to understand it.

  • @mishayarmolich3283
    @mishayarmolich3283 Жыл бұрын

    Awesome content! Lots of golden nuggets

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Glad it was helpful!

  • @kenburgio8070
    @kenburgio807011 ай бұрын

    Hey Ryan thanks!

  • @asreyes71
    @asreyes71 Жыл бұрын

    Newbie here.love how you explain and made it simple to comprehend 😊

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Great to hear!

  • @marloboutte6661
    @marloboutte66614 ай бұрын

    Good advice! I'm just starting as a RE agent (picking the right marketing plan) , already have a great cash flowing property (which yes, we lived in first) and looking to make at least $250k yr as an agent here in Vegas!

  • @wilmy6
    @wilmy65 ай бұрын

    Love the honesty! Thats why I keep coming back. Currently looking for houses to start flipping with my husband. Thank you for the information provided!

  • @thesamoanscouttv
    @thesamoanscouttv10 ай бұрын

    I just bought a single family house in Kansas. Granted the house was built back in 1958, the previous owner renovated and got the house in great condition. It’s a five bedroom and two bathrooms. Here in the Midwest is cheap to buy a property. Yes, it’s true that a lot of the properties aren’t worth the investment but, there are some that are in great condition. Depending on who you buy the property from. I make sure my inspectors are conducting their inspections in full detail before I agree to invest in it.

  • @vanesabenitezrealtor
    @vanesabenitezrealtor9 ай бұрын

    Im an entrepreneur I just start my first fix and flip with partnership and I just start watching your videos Ryan and wow I'm loving them. Remind me a lot of me n the way I want to build my business.

  • @rnvictoria2090

    @rnvictoria2090

    8 ай бұрын

    Hi! I want to buy my second property and I am really interested on how to fix and flip it, but definitely, I need partner to teach me the skills and ideas most importantly to share with financial.

  • @cortlanddraney
    @cortlanddraney Жыл бұрын

    Wow this opened my eyes. I’m sold! Great video man, thank you.

  • @peaceinthemidst2814
    @peaceinthemidst2814 Жыл бұрын

    THANK YOU SOOOOOOO MUCH FOR YOUR HELP!!!!!

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You’re welcome! Happy to help 🙌

  • @mymommywifelife8632
    @mymommywifelife8632 Жыл бұрын

    Really good info

  • @foresightinvestor
    @foresightinvestor Жыл бұрын

    I love your analysis ❤

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Thank you!

  • @susanallen8214
    @susanallen82148 ай бұрын

    In the W2 stage, wanting to accomplish my first investment property purchase and use as a short term rental in the Kansas City MO metro area.

  • @Hozefasulieman11
    @Hozefasulieman119 ай бұрын

    Could you make a video on like how to start up. Like because how to invest the money and how much we should buy houses if it’s a good deal or bad deal

  • @Kevinelder
    @Kevinelder Жыл бұрын

    THANK YOU! Entrepreneur scaling my business first

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Fantastic!

  • @slotedog
    @slotedog Жыл бұрын

    Great video

  • @user-ln1ws8tx8j
    @user-ln1ws8tx8j8 ай бұрын

    Very very informative vibe gonna have to watch again and take notes I’m a “w-2” working with a great desire to become a entrepreneur, generate wealth base it on to my offspring and completely get out of the work force.

  • @sparkletwist15
    @sparkletwist157 ай бұрын

    Thank you! This video was very helpful. I'm 25 years old and just getting started in my career. I've graduated college and been in banking for 2 years, but I want to find out how to make income passively to build wealth.

  • @westfield90
    @westfield90 Жыл бұрын

    Subbed as I just saw you with Myron and Fresh. Those guys are the best.

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Thanks!

  • @marcteixeira8939
    @marcteixeira89392 ай бұрын

    Mahalo Ryan free advice. I’m around the same age as you and I definitely want to get my real estate portfolio bigger. This really gave me the tips and inspiration to how to start this journey.

  • @samycalifornia007
    @samycalifornia007 Жыл бұрын

    Thank you 🙏

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    You’re welcome!

  • @ekiuwa4985
    @ekiuwa4985 Жыл бұрын

    W2, living in NYC, interested in buying a property in the tri-state where I will live in the house and rent the other rooms out. Hoping to start the early stages of the process by spring 2024

  • @fredsalfa
    @fredsalfa10 ай бұрын

    I’ve got 3 properties so far but definitely looking to get 500 like yourself!

  • @hectorsalazar1004
    @hectorsalazar1004 Жыл бұрын

    Excellent content Ryan; thank you for sharing it. I want to get start it doing wholesale, lease options, seller financing, and pre-foreclosures to build my foundation and make my first 250K as you mention. Can you help me get going with my foundation? Thank you, Hector!!!

  • @soonheaven
    @soonheaven Жыл бұрын

    great advice

  • @Theadventurer12
    @Theadventurer1211 ай бұрын

    This advice applies to those living in the US only. Do you advice for those living in Belgium?

  • @clementifangblog8583
    @clementifangblog85838 ай бұрын

    Thanks so much for sharing this. I have a wonderful property in Abuja Nigeria. I'm looking for a good buyer.

  • @reneforbi338
    @reneforbi338 Жыл бұрын

    How do you force appreciate a multiple like property like an apartment building?

  • @khaleefathullahrahil3379
    @khaleefathullahrahil33799 ай бұрын

    Its cool and very informative, I wonder the rental that you earn from your rental property would be equal enough to repay mortgage, then how come you make a profit?? I knw this might sound like kinder garden type question to you, but please do answer

  • @CoJonaz
    @CoJonaz Жыл бұрын

    I’m a veteran about to be 30 I have a home that’s a primary residence that I got using the VA loan. I’ve been living in it for two years and me and my wife are W2 workers who currently have a combined income of over $120k. We want to get into buying another property as a primary residence and then renting out our current one. Any tips you have for us?

  • @TheDreamMaker100
    @TheDreamMaker100 Жыл бұрын

    Great advice 👏👏👏

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Thank you, I'm glad you think so!

  • @sdochoa100
    @sdochoa1009 ай бұрын

    Hey Ryan, I'm a W-2 looking for my primary resident to turn into my first rental property. The problem is, I live in the bay area and it's crazy expensive. I can't move due to the fact I'm a UPS driver and i'm fully invested in my pension. And no, we are not able to transfer, if we do, we start at the bottom again. What to do, what to do?

  • @caycesperry6690
    @caycesperry669011 ай бұрын

    so if I bought a primary home and wanted to later turn it into a rental would i then refinance as a rental?

  • @linofernandez4457
    @linofernandez4457 Жыл бұрын

    Starting out, im military but im hesitant on my future rst propery due to the marketband using a VA loan

  • @shumatsuopost
    @shumatsuopost Жыл бұрын

    Great video! It's really inspiring to see how you can still invest in real estate even if you don't have a lot of money to start with.

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Totally agree!

  • @knox7945

    @knox7945

    Жыл бұрын

    I think it depends on where you live. I live in CA and depending on your location and rules of the city, it can get pricey. Especially with renovations and inspections.

  • @aaronburger8856
    @aaronburger8856 Жыл бұрын

    My god. A person telling you to slow down and learn what the hell you're doing. What a breath of fresh air compared to everyone else telling you how easy it is.

  • @1GQ_gent
    @1GQ_gent Жыл бұрын

    Building up my foundation!

  • @anthonymunaco8970
    @anthonymunaco89704 ай бұрын

    Hey Ryan, Something that you said at the end of the video that really intrigued me was that you said to focus on a skill first then look at investing after. I work in the film industry and love to be in the creative field, but I am also very interested in building generational wealth through investing. Do you think investing in real estate is for me?

  • @Tricia2023
    @Tricia2023 Жыл бұрын

    The problem with this is debt to ratio ! If you only make 50k 60k or 70k a year then you don’t qualify for a conventional loan for a rental property especially if the property is over 300 k with only 3 percent down ! Your debt to ratio will be to high on a rental property ! He is correct you would have to make way more a year to be able to purchase property !

  • @otokogariz5064
    @otokogariz506410 ай бұрын

    Would I have to buy a home to convert as my primary or would I be able to put a rental as my primary home while I’m doing a Airbnb or renting out the first home to others?

  • @sanjuan24luis
    @sanjuan24luis Жыл бұрын

    I’m a W-2 worker looking to take that next big step, just don’t know how to get it going I want to be financially free and I know this will be the right path to take I just need to figure out how to get it going

  • @Kyleigh-Hughes
    @Kyleigh-Hughes4 ай бұрын

    you covered all the things and I like the strategy but you didn't cover for W2 PPL who is individual and not getting any tax returns every year for the past 5 years how do I manage with this scenario and smartly get a rental property and get profitable.

  • @NSE23
    @NSE23 Жыл бұрын

    If you’re broke, the least of your concerns should be trying to buy real estate. You can forget about taking some big risk, you’re putting your name on the line and your reputation. If I was broke, I’d just live within my means and work hard till I get to a point where whatever dream I have, I can finalize out a plan around it. Something may have worked for one person but it’s misguided to give everyone that advice and think it’s help.

  • @gianthills

    @gianthills

    5 ай бұрын

    work alone will not get you ahead

  • @blakemarsh6446
    @blakemarsh6446Ай бұрын

    Would you recommend starting a Air BnB business as a business to master to help fund RE investments?

  • @8bitwrench
    @8bitwrench8 ай бұрын

    Thank you for this great advice 🎉🎉🎉🎉🎉🎉🎉🎉🎉

  • @RyanPineda

    @RyanPineda

    8 ай бұрын

    You are welcome!

  • @lautarorojas1396
    @lautarorojas13967 ай бұрын

    I live in Argentina, do you have some advice I live in Argentina, do you have any advice on how to buy your first home in a context of such high inflation as in my country, is there any way to benefit from this? There are no mortgage loans at the moment so I really don't know how I could do it.

  • @tttman4385
    @tttman4385 Жыл бұрын

    i like the rental idea then buying the next house but how do you live in it and rent it out are tenants ok with liveing with their land lord

  • @Ferment668
    @Ferment6685 ай бұрын

    My husband and I just bought our first townhome in Jan. 2024. We used the VA loan for 0% down. We are interested in holding onto the property to rent out in the future. Any advise on being a first time landlord? Or, should we fix it up and flip it, so if we sell we get a larger return.

  • @andresmazzei6835
    @andresmazzei6835 Жыл бұрын

    Getting better every time I watch content wise

  • @RyanPineda

    @RyanPineda

    Жыл бұрын

    Awesome!

  • @edinmartinez9170
    @edinmartinez91704 ай бұрын

    So what happens if you don’t go for primary and decide to get a loan for a house with no down payment and rent it out to have it pay itself?? Do I tell the bankers it’s for rental use? Or what do I do if I don’t want to be listed as primary home

  • @Regalman
    @Regalman Жыл бұрын

    i just bought a property in pittsburgh as a primary residence. I didnt know you cant rent it until after 1 year. I am pretty sad right now, I guess I just have to hold it for a year and then airbnb it :(

  • @TheRealEstateofYourLife
    @TheRealEstateofYourLife Жыл бұрын

    I’m w-2 trying to become entrepreneur, I mean can’t I get at least my primary residence as multi and also focus hard core on my business. Easier to launch out with no rent to pay for or mortgage?

  • @JulianMael-us2bx
    @JulianMael-us2bx10 ай бұрын

    Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

  • @SophiaChristian-so2of

    @SophiaChristian-so2of

    10 ай бұрын

    Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

  • @MarkFreeman-xi3rk

    @MarkFreeman-xi3rk

    10 ай бұрын

    Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.

  • @cythiahan8455

    @cythiahan8455

    10 ай бұрын

    @@MarkFreeman-xi3rk Interesting Mark. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.

  • @MarkFreeman-xi3rk

    @MarkFreeman-xi3rk

    10 ай бұрын

    Actually, I've shuffled through a few advisors in the past, and “ Margaret Johnson Arndt” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.

  • @AntonioBianh

    @AntonioBianh

    10 ай бұрын

    Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.

  • @cryder106
    @cryder106Ай бұрын

    You're the reason I can find an affordable home buy and resell for more

  • @zparklezztudioz782
    @zparklezztudioz782 Жыл бұрын

    My question is that if you are under 25 and is in university and just brought a primary home , but not living there , can I make it a short term rental ??? Help

  • @gears955
    @gears955 Жыл бұрын

    I am a W2 person with my third house. I want to move towards a multifamily home but not sure how to approach it.

  • @rayscars1985
    @rayscars19859 ай бұрын

    Ryan, I am a W2 and I want to get my first rental.

Келесі