I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

@GeralynWinnifeld

14 күн бұрын

To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.

@tahirisaid2693

14 күн бұрын

Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.

@EmiliaGeelan

14 күн 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??

@tahirisaid2693

14 күн бұрын

Angela Lynn Schilling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@EmiliaGeelan

14 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII..

Investing in Real estate has changed my life dramatically. I highly recommend people consider owning real estate as a part of their investment portfolio.

@letsgotomarsman

5 жыл бұрын

Will Motivation wish I could

@sha_la007

5 жыл бұрын

I am planning to buy this year, however, I want to take my time. The market in NC especially Charlotte is so competitive. I am looking outside of this area.

@keyroncampbell

5 жыл бұрын

@@sha_la007 look into the smaller areas...

@sha_la007

5 жыл бұрын

@@keyroncampbell thanks! I have been. Places are going so fast and they are also over priced.

@sha_la007

5 жыл бұрын

@@keyroncampbell thanks you so much for the advice!

A phenomenal tip I have is to improve your people skills. Learn about salesmanship, reading people, personality types, body language, how to effectively communicate, how to win people to your way of thinking, you can have all the real estate knowledge in the world but, if you can't actually communicate effectively with people than it will be a lot harder. A lot of real estate isn't about the houses it's about the people dealing with them. The more you learn the more you earn.

@felipenaran4152

4 жыл бұрын

Good tip. Thanks!

@detailedemoji4615

4 жыл бұрын

Is that a Jim Kwik quote?

@iliveinsideyourhouse3943

3 жыл бұрын

Ok imma reading how to friends right now

I wonder what it's like having Dave as your landlord.

@dillonh321

5 жыл бұрын

He will tell you how to budget your money every bill sent to renters.

@dlnoir5960

5 жыл бұрын

@@dillonh321 why would he do that? They'd just take the advice and buy a house and now Dave needs new tenant

@jaye9300

4 жыл бұрын

His son-in-law manages his rentals. I highly doubt any of his tenants have any direct contact with Dave. Dave’s got his hands full helping change America‘s finances with Ramsey solutions.

@axxxingforanswers4648

4 жыл бұрын

@Jumbo Palumbo OF course he is...he doesn't TAKE EXCUSES!!!... Dave; "I'm here to get the rent check....it's now past due...." Tenant": " But Um.....I don't um have it...um...My other bills....UM....my car payment...Um....." Tenant is clutching the latest I-Phone with data plan, a leased luxury car in the driveway, Satellite dish on the roof..... Dave: "I'm here to post a three day notice......better start packing or...call the Wahm-bulance!!!!!"

@blakejensen2052

4 жыл бұрын

ienjoyapples He isn’t a landlord technically. He pays a management company to do all the dirty work

I am 14 years old and I just got hooked on real estate! Trying to educate myself and start early✊🏼

@MBATheGreat

3 жыл бұрын

Same

@MBATheGreat

3 жыл бұрын

It sucks you have to be 18 😢

@rileyredli8787

3 жыл бұрын

@@MBATheGreat save ur money and when ur 18 it will make the process easier

@jaydee3696

3 жыл бұрын

Good job! I recommend saving for college first, then once you’re out of college (if you choose to go) THEN start investing. Taking out loans for college is the anecdote of investing

@fnluxks1388

3 жыл бұрын

Wait do you have to go to college to get into real estate ??

I love how helpful Dave is! Not everyone would break it down like this!!

@phazon100

4 жыл бұрын

Rachel Lawrence Rich Dad is way better

@johnclancy3998

3 жыл бұрын

I make over 10 000 USD each month thanks to FRO ZEN PA.C OM

@purplepurposee

Жыл бұрын

Yeah fr . Cuz everyone else are losers fr lol

@purplepurposee

Жыл бұрын

Others only see money not a helping hand ✋🏽

@paulywang

Жыл бұрын

@@phazon100 Rich Dad? Way better? Where's his company now?

Dave R. I dont know much English but I know I have the words I need to have to appreciate all you give. These are; THANK YOU SO MUCH!

First time hearing Uncle Dave going this deep into real estate. Very solid knowledge transfer here.

Very valuable info! Thanks.

Awesome info! Especially the ballpark percents ranges at the end of the call.

Learned a ton in this! Thanks for sharing!

This is exactly what I’m looking into doing as soon as I get through baby step 3! 🙌🏽

Trust the agents but verify the information! They will not be as fussy as you are when committing to a property for possibly the rest of your life 🤔🏡

@canman5060

5 жыл бұрын

No. Get the agent to represent your not the seller. This is the important start.Secondly, that agent is no so pushy on you.

@cherrytung

5 жыл бұрын

@@canman5060 so true! Always get your own agent, so the agent will work for you best interest!

@MgtowRubicon

4 жыл бұрын

Every agent I have ever involved in a transaction has ALWAYS abused me, lied to me, robbed me. Learn real estate investing and financing the way professional real estate investors understand it. Agents cannot teach you anything worthwhile. If you cannot make money in real estate without using any of your own money or credit, then you won't know how to make real money with your own cash or credit.

Great info. Dave.....TKS

Buy a 2-Family Flat..... live in 1 unit, rent the other.... and off you go!

@apophispnw5717

3 жыл бұрын

"House hacking" lol

@illiteratebeans6924

3 жыл бұрын

Apophis PNW ^* DlLDO But

@j.davila4523

3 жыл бұрын

Exactly

@johncolorado1061

3 жыл бұрын

Remember guys the max you can get with a conventional loan is 4 units. The more the better I say

@cactusjack2264

3 жыл бұрын

Why only two when you can probably get something bigger for around the same amount and rent out more space and earn even more money?

Keep in mind though, there are property taxes, insurance and maintenance every year. Rental properties have expenses and renters live pay check to pay check and often have issues paying rent.

@TapInWithAshton2214

4 жыл бұрын

Nice way to talk your self out of making extra money.

@keithg1955

3 жыл бұрын

Thats why you do a background check and get their ss# in advance

@butskiiueepp1625

3 жыл бұрын

I think it’s fair to say 95% of people live paycheck to paycheck. Investing in real estate is one of most sure fire ways to grown exponential wealth. Also, investing is INVESTING. Unless you’re actively trying to flip a property then it’s not a get rich quick scenario. Growing wealth takes time, especially if you don’t have a large income.

Excellent advise!!! Real Estate is understandably very intimidating for investors. Education is key in both a broad perspective and positioning yourself correctly for your particular goals is key.

I just love the energy of this man 😄

I just made a video about house buying but buying a rental can often be harder. You need to make sure the cash flow is enough to cover ALL expenses...roof, septic, windows and everything in between 💵🏡🤔

@cherrytung

5 жыл бұрын

Hey Chris, this video is you!

@canman5060

5 жыл бұрын

Just keep on knocking down the price till the return meets your expectation for rental property. That's all it is !

I am a realtor, disclaimer. I have invested myself on several pieces of real estate. We also handle commercial transactions for clients. A professional experienced realtor is invaluable. Remember, if you are a buyer, you don't pay anything to hire a realtor.

Wow this teenager is giving all of us some serious goals! Awesome. Great work

Daves right on the money. It really depends on how much you spend on the property. I just bought my first rental/residential property for $160k add in another $15k I'm putting into it puts it at $175k. Property is a triplex with 4 units. 2 1-bedroom apartments and 2 bedrooms with a shared bath. The 2 bedrooms are on air bnb and generate about $1000/m. One apartment is rented for $800/m and I live in the other. $1800/m before including my apartment or the extra $200 I could make renting out my detached 3 car garage which I keep for myself.🙂 Its only been 4 months but happy for what the future holds. Much Love, from Philadelphia.

@saranwright7113

4 жыл бұрын

I live in Philadelphia 🙂🙂

@MrSlim-zv6sc

4 жыл бұрын

Thats great. What part of Philly?

@saranwright7113

4 жыл бұрын

Iceberg Slim west philly

@livefromdagarage

4 жыл бұрын

I got it near LaSalle University. One of the few areas in Philly you can still get a good deal on property with some land on it.

@saranwright7113

4 жыл бұрын

Sav Bee can you tell me step by step what u did ? I wanna start . I would appreciate it. Like how much money should I save up , where should I look etc??

Thats nice advice. If you look at 50 properties you get a really good feeling about what you get for which price and the best of these 50 is still representing a good property on the market.

@Gottamitchemall

3 жыл бұрын

Great advice

Amazingly awesome real estate video!

Dave is the best. I trust him.

Want to learn real estate? A very good place to start is signing up at your local REIA ( real estate investor association). Almost every decent size city has a Reia. And the cost is around 100-150 per year.

Like the new music Dave!

This video brought back my respect for Dave Ramsey.

Amen to this im currently struggling and back and forth of should i go into financing 3 houses instead of just buying one cash. And out of all the bs of why to and why not i love the first statement Ramsey says which is (paying for the lump some in cash makes you slow down...) You care more now because it's your money not the banks not private investors but yours so you're really paying due diligence. Thank you Ramsey for the indirect pep talk.

@judymckee5992

4 жыл бұрын

chrisrefael, Somebody I know had 2 million bought properties with 10 million, in 2008 downturn went bankrupt. Moral of story, do not bite more than you can chew. 3 to 4 years time, your opportunity will arrived, not now.

EXCELLENT advice !!

Most real estate agents don’t know about or care about real estate investing. They mostly care about selling homes, after all that is their job. They aren’t supposed to be savvy on making money on real estate investing.

@dillonh321

5 жыл бұрын

This

@CoachatCole

4 жыл бұрын

This is the most realest comment I’ve ever read on KZread. Real estate agents don’t have a clue on the true value of a property and usually could care less about getting top dollar. They sometimes if not always collude with the other agent on how to best get the deal done. They are operating from their own self interest. Believe me when I say that.

@realestatereality5445

4 жыл бұрын

Buddy they dont even care about selling homes they're the laziest people on earth you have to do their job got them most of the time

@betterhomesnc2437

4 жыл бұрын

That's not true, quite a few realtors I know do real estate investing themselves on the side.

@trentnobles9814

4 жыл бұрын

I now some on both side of this. I am one who is interested in investing and working with investors. But that's not everyone in the business. I know plenty of people who are just trying to make the next deal happen as soon as possible.

Keywords Dave. Due diligence and real estate investing strategies education are key!. You don't have to spend thousands of dollars to start. Go to networking groups, learn the numbers, and due diligence before jumping. Now, during the pandemic they have to be even more conservative with the 30% discount.

Makes total sense.

Very Informative....Like....

I'm an appraiser for my county and I give God the glory for my job because I study and know the real estate in my area. Im just getting started in investing on real estate.

Tough (impossible) to get house at 70% of value here in Eastern Mass. most are going for more than asking and sell in a weekend. I couldn’t agree with the 1% rule as far as rents.

@jayc4715

2 жыл бұрын

Buy distressed properties and foreclosures

Has anyone else noticed the private jet on his computer? He better not finance!

@zill0678

4 жыл бұрын

you think hes going to beans and rice it?

@KindaRustySocks24

4 жыл бұрын

zill0678 hahahahah

@Mahinge

4 жыл бұрын

😂😂😂😂

@PORTMIAMIMIKE

3 жыл бұрын

Why not finance and lease it out🤔

@blakerich5804

3 жыл бұрын

He teaches people how to be safe. The rich know debt is crucial. He is just talking to the financially illiterate and help them out of debt. Some people can’t handle leveraging debt. But if you EVER plan to be wealthy you will have to at some point.

I'm in Atlanta, too. I took the 3 week real estate license course with Metrobrokers for $250-500 depending on your contract choice. There's also an accelerated 2 week program.

@younghat5

4 жыл бұрын

Jennifer Kindle I’m in Atlanta let teams up if interested

The prices at Alpharetta are very high, I recommend you to try to buy at Dallas Georgia.

@keyroncampbell

5 жыл бұрын

Yep... All the prices going up in the Atlanta area too.... I'll wait when the market goes down again, it's just a matter of time... The market goes in a circle

@iluvrachellef

5 жыл бұрын

@@keyroncampbell That's what I'm waiting on. I'm in Az.

@AlexGray

5 жыл бұрын

Yup, Hiram/Dallas area still has well priced homes. Alpharetta is inflated due to Avalon and downtown Alpharetta being built up

Definitely learn first. Don't feel pressured. Be in control. I found real estate investing course through LinkedIn learning. Really good.

@j.a.6866

4 жыл бұрын

Suzanna S. Love LinkedIn learning. Thanks for sharing. Was it a free one or one you pay for?

@suzannas.4965

4 жыл бұрын

@@j.a.6866 I'm in Canada and can get it for free by going through my local library using the library card. I am truly amazed the amount of info I can get in 1 hour. It really gets the ideas flowing and more.

Great advice

The important distinction between investors and speculators is not a normative one but rather that investors are generally more interested in the process underlying prices, they are in it for the Long haul, while speculators are more interested in price itself and with shorter time horizons so which one are you.

@jesseaustine8358

3 жыл бұрын

You're right I myself started out as a speculator

@bitcoin8138

3 жыл бұрын

Many smart investors have lost their fortunes in the stock market through speculation although many have done well for themselves

@jrnycrypto9866

3 жыл бұрын

I started investing my money with Mr Harrison he's the best person to invest your money with, he makes me good returns weekly

@adamsmith7927

3 жыл бұрын

@@jrnycrypto9866 Mr John Harrison also helped me invest my money the right way, he's the best so far, I make great returns weekly

@marylouise4978

3 жыл бұрын

I can also attest to Mr John Harrison skills in the forex market he's a great trader and a mentor to me and my daughter

🔥 I’m smashing the 👍

*The more knowledge you have the better off you are! Knowledge is power!* Your agent might be somewhat annoyed if you shop around a lot, but who cares? It's your money, your rental property, and you should make sure you're getting what you wanted!

*this was exactly what I needed to hear.* 😂

Is there a website that shows houses comparable in price and features of a neighborhood?

Here’s the problem, MOST people in the middle class will not get past 1 or 2 rental properties before being heavily scrutinized by the lending process. A couple with a low 6 figure income most likely will be lucky to finance 2 additional properties, but it’s a good start. You have to start somewhere.

@georgedrexel8867

3 ай бұрын

Plenty of different lending options, don’t just rely on standard bank lending options.

Before you start in business you need to understand book value vs market value. Just because you spend money does not mean the asset is worth that.

Place lowball cash offers and see who is motivated enough [AKA] desperate enough to close. Got it Dave.

@webfreakz

4 жыл бұрын

Money is made when you buy, not when you sell!

@kavinpatel2748

4 жыл бұрын

Imo that’s thinking too small. The difference or 100-200k for a deal every few years is too little ROI for the effort it would take to find these deals to low ball. Pay what is needed to close profitable deals and don’t waste opportunities. THINK BIGGER!

@MichaelP-ke1tm

4 жыл бұрын

No agent is going to write contracts like that. You'll have to communicate with the sellers yourself

@andrewshooter

4 жыл бұрын

I bought my house for $73,000 in good condition four years ago with good schools and a great middle class neighborhood. The previous owners had bought it for $88,000 ten years prior. They accepted my ALL CASH low-ball offer very quickly and with very little negotiation. I asked my real estate agent about it and she said cash offers really motivate sellers to accept because it could save them thousands of dollars from not having to pay additional months of mortgage payments while waiting for loan stuff to process. I don't know much about real estate but that seems reasonable.

@MichaelP-ke1tm

4 жыл бұрын

@@andrewshooter It doesn't take months to close. It takes 30 days. What area for a $73,000 home is middle class?? Must be in the Midwest somewhere in Alabama, Indiana or a rural area.

Buy below the median price.

Owe 50k on my current condo, bought another one for $110k - put $30k down (Zillow worth $165k.) I know Ramsey is against it but I'll be paying $1,600/month for both properties and take home around $10k/month. Just an offer I couldn't pass up on.

Where is the best place to find this data? Rental rates, %of houses being rented in a specific area, etc. Do you guys just use Google/an MLS, or is there another way or specific site you guys use?

Appreciate this one. To be quite frank, I don't like a lot of Dave's advice, but his Real Estate advice is pretty in line with mine which is try not to use other people's money like so many 'Advise' you to buying rental properties. Also, the pissing a lot of people off with low-ball I needed to hear. I read RE books to sharpen the axe for when this market is not "hot" as Dave says. The good books the Real books are in line with what Dave's saying. They speak to leveraging to buy as many as possible or within your tolerance of risk. I say like Dave, just use cash, or if you Must must then only take on about 20 grand in debt per house Max. Hard work. It's all hard work, but once set up, do you want to ween yourself off of your current job or not?

@dereklacaze347

4 жыл бұрын

Paying cash for a rental property rather than going 75% LTV with a good interest rate and letting tenants pay your mortgage insurance and taxes slows down your real estate growth substantially. Easy for Dave to say pay cash when he’s sitting on 200M

I think Dave’s aggressive approach on buying at 70% market value and 1% rental rate... In Portland Oregon market in 2020, I would be on the sideline for the rest of my life with those number. I find properties around 90% and .5% and would be happy.

@han1218

2 жыл бұрын

Yeah, something is wrong with those ratios. Houses are way more expensive now in whole country, and although rent is high, it's not that high in comparison to price of house.

I would recommend to invest in B and C neighborhoods. I invest in the Stone Mountain area

@AlexGray

5 жыл бұрын

But in those areas aren’t you dealing with bad renters? Stone Mountain has some rough spots.

@SwagLifeSeries

4 жыл бұрын

No reply..

@MichaelP-ke1tm

4 жыл бұрын

@@AlexGray Yeah stay away from the ghetto unless you want to deal with guns, drugs, prostitutes and a broken house

@donnafontaine2799

2 жыл бұрын

Is Stone Mountain in GA?

I have learned a lot about real state from rental income podcast .

Remember when the DR show was just old Dave and his sage advice, and of course the callers? I really miss those times. It used to be if someone was struggling with money and I could convince them to just tune into the show, it would change their life. Now I can't even recommend it because I don't even listen to it. It's so hit or miss and for me with the co-hosts it's been 75% miss! Forever grateful for all that I learned along the way, hope this program can still reach people.

I am very conservative. I payed off my house first(now I save 900€ every month). Now buying rentals one at the time with maximum 50% levarage and never bet against previous property (one at the time) and never ever against my home!!!

Invest in something that will cash flow at a min 5% annual return on your out of pocket cost. With the low int rates and the history of appreciating rents (hopefully property appreciation as well) you could in theory raise rents 5-10% each yr

@jessicaolson490

4 жыл бұрын

If you raise rents like that you will have a much higher turn over which could end up costing you more. (Lost month, repairs, ect).

@epicscoreCS2

4 жыл бұрын

I look for a house that pays 2% of cash i putt in it a month 100k=2k/month ~12% a year -running cost -loans on it. Hoppe it helps some one.

Eyy shoutout from Alpharetta!

I wanna watch this video all day

Check out Bigger Pockets podcast on youtube. Lots of good info there.

@RealLifeMoney

5 жыл бұрын

russellion31 I just found out about them which is pretty cool so far 😁

@russellion31

5 жыл бұрын

The Bigger Pockets website has some good books and book recommendations as well. There is some information that i don't agree with because it falls outside my personal risk tolerance, such as H.E.L.O.C.'s, but as a whole, very useful content. Rich Dad, Poor Dad is a great book for those that haven't read it. Good starting point.

@danielbrown9813

4 жыл бұрын

First thing i did was cntrl+F "Bigger" to see how many people recommended "bigger pockets" for anyone looking to get into RE. thanks for carrying the torch haha

@CashflowKris

4 жыл бұрын

Good advice, bigger pockets is a great resource

@893263007

4 жыл бұрын

They're pretty good, but they're pretty slimy and constantly brag about the houses they own

Wow, he's right, you have to be savage if you want to invest in real estate the right way. Me? I try to buy real estate areas where people haven't figured out the values will go up. The path of gentrification or so.

@muaythaiforme

3 жыл бұрын

What do you do with the property while the process of gentrification hasn't started yet?

@AlexGray

3 жыл бұрын

You rent it

nice

This is exactly what I’m looking

Chris, look at 100 houses to learn the market. Study your backyard. Buy houses with equity and leverage the banks money.

Buy only cash flowing rental properties with at least 20% down in a growing market with a very diversified economy. Cash flowing means all expenses including CAPEX and maintenance is covered by the monthly rent with enough left to save/invest/spend as you wish.

@ozymandias7392

4 жыл бұрын

this is what my grandparents did and have paid for their retirement with 8 properties.

Have your caller go to Bigger Pockets, the RE investor social network. Fantastic website and people! Focused on education w/out gurus.

you are good

is that jet token on your computer? i invested in it cool stuff

Kind of surprised by the quality of advice here since Dave is usually beating the mutual fund drum. 1. Know your market 2. Make lots of offers 3. Buy with equity. All solid advice 👏🏼👏🏼👏🏼

Some agents are not worth the conversation. Best talk to someone who is doing it

@MichaelP-ke1tm

4 жыл бұрын

Most clients are not worth the conversation because they want to invest and don't even know what cap rates are, cash on cash return, classes of properties, cap ex, noi etc. And there is no finding good deals in this market. If I found something that cash flowed over 10% and appreciated, I would buy it myself.

Why I’m going to sell my for less than the value market, house price goes up Avery month, and you can sell your house in 3-14 days ..

It’s very unrealistic to buy a property for 70% of retail value . At least in Ontario during the past 10 years

Invest in smaller markets. That's what I do. Cap rates are way better.

Look at 50 houses over two years. Some good advice. At 70% it needs to be in decent condition paint clean and cosmetic updates. If you are patient enough and work hard enough you can get it 50% off. Patience on the buy makes you the money.

@ClassicMan33

4 жыл бұрын

Kyle Lougnot Yeah. Let's waste 2 years of your life learning a market. If you cannot do it in 4-6 months, you need to stick to your 9-5 and call it the night.

@wickedhouston5538

4 жыл бұрын

@@ClassicMan33 mcdonalds?

He just need to educate himself on Real estate investing...Chris will be fine

Read 10+ books on Real Estate Investing. You can go in Barnes and Nobles and read them for free....best way to get started. Agents are only required to read 1 book...their states sales associate manual. You should read that too.

@cherrytung

5 жыл бұрын

not all agents are "created equal"! I know tons of inexperienced agents trying to learn as they serve clients.

@aljosabirk4631

4 жыл бұрын

Which books?

@michaelscarn3238

4 жыл бұрын

Libraries are also free...

Good

0:51 It’s not a problem, it’s a ME problem!

Dave, you need to make a class like FPU that is nothing but Real Estate Investment 101.

Stocks and mutual funds scare me a lot more than property

I’m an amateur but I like having loans on houses and letting the tenants pay my mortgage

@MgtowRubicon

4 жыл бұрын

@Austin Butler If you understand real estate financing and the Time Value of Money, then you won't need a down payment or credit.

@dereklacaze347

4 жыл бұрын

Good luck with that one

@viperviper5

3 жыл бұрын

That is my plan money. Like Ramsey said you have got to know and understand the market. I live in the Washington DC area and people pay good money to rent.

Yeah, real investing can be overwhelming especially when you're new or haven't done your research. Overtime, you learn. I only have 1 property that is a rental property and I was scared at the beginning. But I learned, made mistakes, all of that. I'm looking at a second property. And I'm thinking about if I should get a property manager since it's out of state. Right now, I'm just using a property management app.

@HughThomasLorch

5 жыл бұрын

Enjoyed the video and content :-)

@HawkingRegime13

4 жыл бұрын

How did you get started en route to your first rental property with no prior experience?

@mr.miller3396

4 жыл бұрын

What app are you using?

@judymckee5992

4 жыл бұрын

Jeff Bower, I bought a house with a huge garage and turned garage into 2 bedroom and 2bath, 1 property tax and 1 insurance but 2 income. Just for info

@williamshoite3238

4 жыл бұрын

How about giving crowdfunded real estate a try... Much better and easier

The first step is to speak with mortgage broker or loan originator to figure out an idea of how much you can actually afford. Then the next step is to find a trusted real estate agent like myself based on personal recommendation or by reviews. When Dave says to see 50 homes, he doesn't mean to ask your realtor to bring you out at all those. A lot of that learning can be done from the comfort of your own home, online. When you are aware of what you're looking to purchase, then speak with your realtor and go from there.

@lepke1979

5 жыл бұрын

Pretty sure Ramsey would be against financing the rental property.

Step 1. Save up for your 20% down payment.

@TapInWithAshton2214

4 жыл бұрын

No....

@lukedejong7156

3 жыл бұрын

@@TapInWithAshton2214 then what?

@webfreakz

3 жыл бұрын

@@lukedejong7156 the 100%, not the 20%

@j.johnson7891

3 жыл бұрын

Exactly. Or go Dave's way and wait until you're 50 and have enough cash. Should be pulling even by the time you're 70! Well on your way!!

Dave forgot to mention 100% down to the caller. Better save up $150,000 real quick too.

Great content! It’s all about knowing your numbers and reverse engineering your goals. Would love to have you share some nuggets on the Podcast Dave! 🏚❌🏠 Give me a shout and we can talk vision.

I want to build my own house. But I will need to build it on a ranch with cattle so I can get a property tax write off.;)

Can anyone here please recommend some books on how to win in real estate? Thank you.

Dave, is there a way to flip houses with no money? Or, is that an impossibility. Now, that is my question. Thank you , so much. Is there a real possibility ( they the people just blowing smoke?)

I’m getting 30% annual returns on cash invested .. I would not settle for 8-10%

@zSilverWingz

4 жыл бұрын

30? That's a lot, how?

@angelzanetti-1947

4 жыл бұрын

I buy rentals duplex’s 4plexs and drop 25% down with conventional financing for the rest. I hold these properties not looking to flip but to gain on rental income (cash flow). A typical deal would be finding a duplex for 130k with minimal repairs needed and rent each unit out for 800-950.. after mortgage bills etc you’ll profit about 10-12 grand annually off 35k initial investment

@zSilverWingz

4 жыл бұрын

@@angelzanetti-1947 Really smart way of doing things, thanks for the insight man

@CashflowKris

4 жыл бұрын

@@angelzanetti-1947 leverage....it's where Dave and I disagree. You get phenomenal returns because you (smartly) leverage. Well done.

@03c5z

4 жыл бұрын

Agreed

Thank you daddy

I would like to obtain a land loan which financial institution do you advise me, please?

Find someone that is successful in what you want to do and talk to them. It has been my experience that truly successful people are very willing to help someone that is serious about learning. People love to teach. Successful people have abundant confidence, and they will not see you as competition. You will be surprised how fast your network grows when they introduce you to some of their contacts. The key to successful investing is your network. Associate with wealthy people, and you will get wealthy. They will literally drag you up to their level.

Knowledge is definitely true, but some folks might be 70 years old before they save 150k to buy that house in cash.

When should someone use their emergency fund? My mom's funeral is coming up...does that constitute using my emergency funds to pay for the reception ( est $3500)? (No life insurance, she didn't qualify)

@uptoyouThailand

5 жыл бұрын

Absolutely. I’m sorry for your loss. I will pray for your mother’s soul.

@lorenadlorenad7603

5 жыл бұрын

@@uptoyouThailand thank you

@ladyoun4936

4 жыл бұрын

lorenad lorenad

@SwagLifeSeries

4 жыл бұрын

Sorry for your loss

Don’t talk to a real estate agent talk to a buyers agent never trust a real estate agent he represents the seller a buyers agent represents the buyer

@PrettyGoodShot

4 жыл бұрын

The listing agent has incentive to work with you directly. You can get your own agent and cut their commission in half. They will wheel and deal. They also have insight as to the sellers motivation.

How can you invest in real estate in California?

Does it work even in India? cause I was thinking to work in real estate in India.