You guys need to quit interrupting each other. The poor lady doesn't know who to respond to. Let one person finish speaking first.

@cljerjr31

9 күн бұрын

thank you Frank- they need to develop some sort of system where they DONT talk over each other.

@macklonrobinson8269

9 күн бұрын

It doesn’t help that there is a consistent delay between when we here the host stop speaking and when the caller hears the host stop speaking

@hec0b

9 күн бұрын

Thank you. It was driving me insane

@JustinCase780

9 күн бұрын

Papa needs to remove the all day espresso machines.

@kingshomes8546

9 күн бұрын

It’s so bad , I have brought this up several times , the Dave Ramsey show really need to correct this interruptions

"I did something incredibly stupid once, it didn't work so I did it again and it didn't work again" You can't make this shit up.

@elpacho....9254

6 күн бұрын

It’s called doubling up.

@nathanpham8576

6 күн бұрын

U seem like the type of person that gives up once they fail once.

@jl3303

5 күн бұрын

It is stupid, but real estate investments aren’t always wins. So there’s an easy path to justifying doing it again.

@ultimatem89

4 күн бұрын

The definition of insanity.

@sidwhiting665

3 күн бұрын

Same thing happens 1000s of times each day in casinos. That's why they have fancy buildings and their customers are broke.

She had the nerves to talk her husband into allowing her to pull $ from his 401k and the deal FLOPPED. She had the audacity to do it AGAIN🤯

@user-lf2lf6wy4z

8 күн бұрын

This is NOT the time of life you want to jeopardize a 401K - late 60's early 70's

@countessstevens63

6 күн бұрын

TWICE

@GJMartinez.

6 күн бұрын

love makes you do crazy things

@edhuber3557

3 күн бұрын

0:08 Right off the bat 'So...I was trying to help my husband...'

@RomanzRage

21 сағат бұрын

But it is his fault to be stupid enough to do it.. twice at that

The moral of the story is that there is nothing noble about taking money from your husband's 401k in the hopes he can retire early and then pissing it away on dodgey real estate deals, so he has to keep working even longer than he would have to rebuild his retirement fund.

@Big-Government-Is-The-Problem

8 күн бұрын

yep, he had under $100k in the 401K anyway at 68, the dude was never going to be able to retire unless he was planning on living in a shack in the Philippines.

@kvgolfa

8 күн бұрын

@@Big-Government-Is-The-Problemthis lmao

@jaymoney1224

6 күн бұрын

lol this is big facts..

@JoseLopez-jd6kt

3 күн бұрын

no shit sherlock 🤣🤣🤣

A lot of people say "I can't sell it" when they mean "I can't sell it for the price I want". That's not how selling things works. You sell them for what they are worth, not what you want them to be worth. If you make a loss on it, you make a loss on it.

@DewTime

8 күн бұрын

Exactly

@Ka_Gg

8 күн бұрын

Yep. Everything is for sale and everything has a market value. Your opinion on what something should sell for needs to reflect the market....not what you want. In my area there is a guy trying to sell a double wide for about 3 times what it's worth. The switched to an auction house and I think it only got 1 bid which was far lower than asking. now it's listed through a different realtor. This idiot owner doesn't realize it isn't the listing agents fault.

@blackworldtraveler3711

8 күн бұрын

This is why i don’t use investment as a primary reason to buy a home.

@thomasdalton1508

8 күн бұрын

@@blackworldtraveler3711 There is nothing wrong with property as an investment. You just need to know what you are doing and be willing to accept whatever level of risk you are taking.

@bharatkumarjoshi4929

7 күн бұрын

Birmingham Al, Crime capital of USA - No wonder you having problems selling it. Especially if it’s in a poor neighborhood!

I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.

@Mitch10bands

2 күн бұрын

You can put your excess cash in a 5% HYSA or work with a financial advisor to create a good portfolio that can average 20% annually for you.

@Marianela-r3v

2 күн бұрын

Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. Faced a similar situation and I sought advice from a fiduciary advisør. We've been able to build a 7 figure portfolio that has averaged an annualized return of 25% in the last 8 years

@TylerofSc004

2 күн бұрын

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.

@Marianela-r3v

2 күн бұрын

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for years and highly recommend her. Check if she meets your criteria.

@TylerofSc004

2 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

I live in Bham and she bought houses for $66K and $47K; there is no way you can flip that property and get $200K and be SAFE. I wouldn't pay that to live in Bham and I live in Bham. She tried to flip shacks, dilapidated properties, no one can get a loan or afford the interest rates for that area..

@kbanghart

9 күн бұрын

I'm in California, a house worth under 100K is a fantasy to me lol

@mwhe3111

9 күн бұрын

My thinking exactly. There's a reason she could get them for cheap.

@davidlloyd1526

9 күн бұрын

Likely one shack in a massive road of identical $47k shacks. She probably added $25k to the value of each property.

@notmoose8670

8 күн бұрын

@@kbanghart Just search for $47k houses in Alabama and then look at the street view and you will see why they are so cheap. Dilapidated house throughout the neighborhood. Broken down cars in front yards. Abandon cars sitting on the street. Etc. Etc.

@DewTime

8 күн бұрын

Yep. Who in their right mind would buy a property for $200K when all the other houses in the neighborhood are only worth $60K? That makes no sense. Sounds like the caller never understood the top three rules of real estate.

Flipping houses is mostly mind over matter. If you don't _mind_ losing money, then it doesn't _matter._

@centralbank1950

8 күн бұрын

😂 that's really funny. Thanks for the laugh

@user-lf2lf6wy4z

8 күн бұрын

Good one !!!! :)

@BobBob-ey5br

8 күн бұрын

It worked in 1999.

@g.t.richardson6311

6 күн бұрын

Total baloney if done right I work with a guy who is a real estate agent so gets properties cheap and knows the market in our local area I work with another guy who knows plumbing, electrical, HVAC, etc. carpentry does all the work and then either sell it a profit or rents it out which more than covers the mortgage I’m just the painter They don’t lose money on their deals I can assure you that And in some cases were not talking dumps Currently renovating a house that they bought for around 450,000, when it’s done there are people in my area will be happy to pay 900,000

@BobBob-ey5br

6 күн бұрын

@@g.t.richardson6311 context....the dummy we talking about heard it on the Internet... Us dummies could flip in 1999- 2015 or so.

Flip #1 $64,500 + 102,500 = $168,000...listed at $229,000, got zero offers in 4 months, it's overpriced. People that can afford $229,000 don't live in neighborhoods with homes selling for $64,000

@santiagogomez1254

8 күн бұрын

Exactly !!

@kokoskokso

8 күн бұрын

Ding ding!

@deidrajames4258

6 күн бұрын

im from Alabama and the fact she said Bham an bought for 47,000 told me right then it was in a bad neighborhood, they gonna lose them to squatters first then the bank

@AnthonyMcNeil

5 күн бұрын

More than that, why is she buying property in another state that she didn't even view the area. That makes absolutely no sense.

@kokoskokso

5 күн бұрын

@@AnthonyMcNeil nothing about what this lady did makes much sense. Unless it's deliberately losing money

If you're gonna flip houses, I think you should... 1)Be doing it in your own town. 2)Be doing most of the renovations yourself. 3) Be your own realtor.

@christams8863

8 күн бұрын

Agree.

@DrFearCo

8 күн бұрын

And have some cash… she can’t afford a $12,000 loss and they own 3 houses. Crazy amount of debt they’re floating.

@cloudriz

7 күн бұрын

@@DrFearCo oh yeah! That too! I figure that’s a given! 😂

@CMCraftsman

7 күн бұрын

Only should be doing renovations yourself if you actually know what you’re doing. This lady doesn’t sound like much of a carpenter.

@talyahr3302

7 күн бұрын

No, I don't think you should be your own realtor. Work with a license professional. And only do renovations yourself if you're a contractor. My main advice is don't use a 401k to fund the venture.

She used her husband’s retirement, failed then decided to do it again poor guy his wife is nuts, because what kind of wife does that to her 68 year old husband

@bobjames6622

9 күн бұрын

What kind of simp ALLOWS his wife to do that? What a total mug the guy is!

@Neddie2k

9 күн бұрын

A young woman who hasn’t worked all her life.

@kaythegardener

8 күн бұрын

With a gambling addiction to boot!!

@carojames6776

8 күн бұрын

Husband will be working until the end of time.

@richprokop5155

8 күн бұрын

HUSBAND: DIVORCE HER... TODAY...

She starts out basically blaming her husband. And then blames the realtor. Then blames you tube. On and on and on.

@djpuplex

9 күн бұрын

Women never take accountability.

@aliengreeter

9 күн бұрын

women

@shinobixa4

9 күн бұрын

She never blame herself

@untouchable360x

9 күн бұрын

Accountability is like kryptonite.

@donaldjohnson-ow3kq

9 күн бұрын

She'll be blaming the Ramsey show after this call

This lady fell out of the stupid tree and hit every branch on the way down.

@donaldjohnson-ow3kq

9 күн бұрын

😆

@LittleMopeHead

9 күн бұрын

Brutal

@chazzkramer7676

9 күн бұрын

🤣

@kathleencooney1518

9 күн бұрын

Landed on the ground and did it again.

@babydollkincaid4584

9 күн бұрын

Wow!!! 😮 she needs to get out of the real a state business as of yesterday 🙄

Learning from past mistakes is a skill that many people need to learn. Making a mistake is ok; to repeat said mistake is insane.

@anthonyarchibald9331

9 күн бұрын

I like learning from others mistakes

@rcairforceone

9 күн бұрын

It's even better to learn from the mistakes of others. 😂

@Neddie2k

9 күн бұрын

She doubled down on the mistake.

@cloudriz

8 күн бұрын

Yes sir

@cloudriz

8 күн бұрын

@@anthonyarchibald9331 Even better!!!!!

Borrowing from your own 401K is almost as bad as taking out a payday loan. It should only be touched as a last resort.

@DatBoiLui

9 күн бұрын

She didn't even at least do that, she withdrew from the 401k 😅

@mhodge0890

9 күн бұрын

@DatboiLui exactly she can’t even put it back lol

@jimmymcgill6778

9 күн бұрын

Yeah, but he's also retirement.

@kbanghart

9 күн бұрын

​@@mhodge0890I got a loan for my down payment on a house

@Jane-rh7tc

9 күн бұрын

@@DatBoiLui they are allowed to withdraw the $$ without penalty, the husband is eligible age-wise, they just can't put it back in anymore. Their mistake is not taking 401k out(if they don't take it out now they will be required to anyway in a few yrs), it's the fact they invest into real estate on the other side of the country in an area they don't know anything abt that is a super risky investment

Never ever do real estate in areas you don't know or properties you aren't keeping an eye on.

@WISHBONEL7

8 күн бұрын

Thank you

@user-lf2lf6wy4z

8 күн бұрын

A thousand miles away ?!?!?

@frequentlycynical642

6 күн бұрын

I had a landlord in a suburb of Denver who owned 20!! rental properties...no wonder people can't find a house to buy...all in the same little city he lived and worked in. He made a personal visit on the first of every month to collect the rent. I was always amused that he hated paying taxes, but both he and his wife worked for the city!

Get rich quick claims another victim.

@jeffreywhitaker5154

9 күн бұрын

EXAAAAACTLY. SMMFH.

@miketheyunggod2534

9 күн бұрын

Just as bad as getting rich in 40 years by following Dave Scamsey.

@HOLDXSTEEL

9 күн бұрын

@@miketheyunggod2534na you can’t get rich anymore following his advice

@JustinAnderson9698

9 күн бұрын

@@miketheyunggod2534you won’t get rich at all with that broke attitude.

@beaniemac

9 күн бұрын

People need to realize that for 99.99999% off people, there is no such thing as getting rich quick.

I see this constantly in North Carolina. All these people living out of state buying crap houses cheap houses that are undesirable. They spend $100k in cosmetics and try and flip for twice the costs. Well the folks who live here know the house is garbage and will start falling apart day one. The only folks buy this stuff are other people moving here that don't have a clue. Here is a PRO TIP# look up what the house last sold for. If it was sold dirt cheap and fast forward a year or two and it's double or triple the price.... RUN!!! AWAY!!!! Most of the "Flippers" have no construction experience. They open a LLC... Sell you the junk property. Then dissolve and close the LLC. Then they open a new one with the next "Flip Sham". When you come back in a month or so wanting something fixed....Guess What? The are no longer in business because that LLC is gone! Poof Gone goes your Money. Congratulations. You own the money pit.

@RubiKidd06

9 күн бұрын

Right on!

@kaydublin5164

8 күн бұрын

Thank you for the tip. I listen to all your guys advise and store in the “vault” in case I need for a rainy day.😊👍🏻

@user-lf2lf6wy4z

8 күн бұрын

Wow. That's messed up

@SuperTikes

6 күн бұрын

Exactly. I see this in the neighborhood I grew up in. Houses with high crime rate and gun shots but investors still can't sell.....wonder why. They aren't worth anything and we all know the truth.

@Playingwithproxies

6 күн бұрын

The most recent sale year and price was the very first thing I’d look at after the pictures of the house 😂 if they are trying to 50% increase the price they just bought it for I always left it alone. 😂 easiest headache to avoid ever

This call is the headache that never ends.

Soon as I heard "a year and a half ago so basically September 2023" I knew nothing smart was coming out of her mouth.

@lovethemflowers

8 күн бұрын

Maybe the caller meant 2022. Maybe it took from Sept of ‘22 until now for all that crazy stuff to happen.

@janise01

8 күн бұрын

@@lovethemflowers I try to give benefit of the doubt but given the rest of the sheer stupidity in the call I have to fall on the side of she meant 2023.

The caller is not capable of handling the family finances. That she obtains financial advice from KZread is the first clue. And she's clearly not cut out for real estate.

@UnstoppableMorgan

8 күн бұрын

Kathleen this show is literally about calling a KZreadr for advice 😂 I don’t agree that was the mistake. Her Mistake is in trusting one person to tell her what her house is worth. I mean how in the heck has this woman not at LEAST gone on Zillow and looked at the comps in the neighborhood before she listed it. Unreal.

@BlueDauntless

8 күн бұрын

@@UnstoppableMorganDR isn’t a KZreadr though. He has a whole separate program that’s not in KZread.

@snopure

6 күн бұрын

And here we all are, listening to financial advice on KZread...

@snopure

6 күн бұрын

​@@BlueDauntlessHonestly, having a separate radio program doesn't make it more legit. DR does have a large following and his background is in real estate, but who knows, that KZreadr may have similar creds.

@Playingwithproxies

6 күн бұрын

You can get good or bad advice on KZread do your own assessment. If it sounds really easy money it’s a lie if it sounds like a lot of hard work it’s probably right 😂

"we know nothing about finance or house flipping, what could go wrong??!!"

This is the worst thing anyone could do!

@SomeUserNameBlahBlah

9 күн бұрын

Greedy = stupid

@RobertOBrien-jk2bz

8 күн бұрын

at 68 years old! WTF are people thinking

@BigJohnM

7 күн бұрын

And the first time it failed, they did it again! It's the definition of insanity!

Back in my day they weren't called youtubers, they were called bs'ers. "Experts" who regurgitate other people's bad ideas as their own.

@davidlloyd1526

9 күн бұрын

People who can, do. People who can't... make KZread videos about doing it.

@jasonrodgers9063

8 күн бұрын

@@davidlloyd1526 !!!

@Ka_Gg

8 күн бұрын

They often had late night infomercials. it's so easy. Sometimes the main guy would be on some beach with a bunch of regular looking people. They would all have a good time. Then the camera would focus on one average looking guy who brags about how much he is making from flipping. "I'm not even using my own money. Thanks to John Smith's course, my family has been changed forever". Lol Now it's just a different way of explaining that same concept.

Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place

@josehenry7205

8 күн бұрын

My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement, you have $100K to invest. Where are you investing it?

@domenez

8 күн бұрын

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment .

@dorathystephanie7702

8 күн бұрын

I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Stacey Macken, has been an amazing experience.

@nissan38p69

8 күн бұрын

Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well.

@lea5898

8 күн бұрын

You trade with Stacey Macken too? Wow that woman has been a blessing to me and my family.

Sometimes, I watch KZread videos about fixing up houses and renting them for income. Then I watch other youtube videos showing the aftermath of evicted tenants, or tenants who move out in the middle of the night, never to be seen again.

@brownsugga2584

7 күн бұрын

my ex watched KZreadrs and did the same thing and got himself into a mess. Too bad he didn't listen to me when I warned against taking out so much debt to buy run down houses and flip them lol. Tenants were a nightmare, was losing money, and at least one house was getting foreclosed on before he hurried to sell at a loss. But he still continues I'm sure....

@kevinbossick8374

3 күн бұрын

Or the ones that don’t leave, and not pay.

We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *Dale Valskov* Thanks for keeping us informed during this times of doubt?

“Goodness gracious, unsubscribe.” 😂😅

@zybard01

9 күн бұрын

These FIRE youtubers and get rich quick with OPM (other people's money) are great. They got rich and retired early and now make a living, i mean make extra money off teaching others what they claim to know and did, though they provide proof that they are successful or retired from doing what they teach

@johngreen6521

9 күн бұрын

😂😂😂

@cloudriz

8 күн бұрын

@@zybard01 They're not fire though! This man is 68 with 80K in 401. Not enough to be risking anything.

Poor husband will be working until the day he dies to fund her foolishness.😢

@Big-Government-Is-The-Problem

8 күн бұрын

at the end of the day he said yes also, unless he has dementia and cant make rational choices, if thats the case thats very tragic.

She listened to a youtuber who got her is this mess, then goes to another youtuber to help her get out of the mess

@BlueDauntless

8 күн бұрын

DR and his team aren’t KZreadrs though. They have a completely separate program that has been around longer than KZread. YT for them is just a way to advertise their program.

@brownsugga2584

7 күн бұрын

lol

As a person and professional you couldn't get any better than *Dale Valskov* he is a very reliable person and an excellent professional in the IT field. He is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%

@crazy_mind-ox8if

6 күн бұрын

Jesus christ do you bots ever quit? Why does KZread not do anything about these scams?

She borrowed against her husband's 401k so he could retire earlier...what?

@DoctorSmartyPants

8 күн бұрын

Actually, withdrew it. Can't put that back.

I did not believe that after the whole FTX drama there's any good to get this year but *Dale Valskov* proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth

@jjman533

6 күн бұрын

Stop spamming this SCAM.

Congratulations, *Dale Valskov* I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.

Spent $100K fixing up a place she bought for $65K. That makes no sense.

@kokoskokso

8 күн бұрын

Then wonders how come it's not selling at $229K when youtube said so 😂

@Playingwithproxies

6 күн бұрын

It cost a whole lot more and gets you a whole lot less when you contract all of the labor 😂😂😂

Can't deny the fact that *Dale Valskov* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

@g.t.richardson6311

6 күн бұрын

What are you talking about tool

@jjman533

6 күн бұрын

LOL sad crypto SCAMMER promoting a scammer Dale Valskov with paid upvotes.

Thank you Jade for maintaining a neutral and tone during this conversation!

I bet this same thing happened with a seller I was negotiating with. Guy redid every room and was way overpriced, fired his realtor and did for sale by owner because he couldn't accept his home's value. I ran comparisons and offered at market value and he called it a "low-ball offer." Told my realtor I'd bet anything he has a HELOC and screwed himself over with his investment.

This woman has no idea what she’s doing. I feel sorry for her husband.

@lingra1438

6 күн бұрын

Right.This woman is a mess

Might wanna get on the *Dale Valskov* train, the proprietary nature of it deters me as a crypto enthusiast but also interests me as an investor

The efficiency of this *Dale Valskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!

Caller seemed surprised that you cant put money back into a 401k after withdrawing. No research.

@kokoskokso

8 күн бұрын

Tells you all you need to know about her financial literacy. And if hubby's 68, she's probably at least 50 herself. If a 20yo said this, ok, I get it. But she's just plain lazy and careless. I'm European and I know this stuff.

*Dale Valskov* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures

Why on earth would someone living in Mass. buy a house in Birmingham. Guess she doesn’t know the housing market in Birmingham. Geesh.

@alberttang6955

9 күн бұрын

She said she saw on KZread that properties were cheaper there when they asked her why she bought in Birmingham. And she obviously bought houses in the bad part of town. Those houses were cheap for a reason. 😅

@goneretired7030

9 күн бұрын

@@alberttang6955 Most of Birmingham has moved south of Red Mountain into the Hoover area. Birmingham itself is decreasing in population.

@Lon1001

9 күн бұрын

Every way you can do flipping wrong, this caller is doing.

@adamseidel9780

9 күн бұрын

They have no money, couldn’t afford to get in anywhere else

@goneretired7030

8 күн бұрын

@@adamseidel9780 They could have done nothing…

Poor husband now has to work years longer. Probably until he’s in the casket.

@adamseidel9780

9 күн бұрын

On the plus side he didn’t have much to start with and wasn’t gonna make that much even on a good flip so he was already toast.

I need a Xanax just listening to this lol

It's amazing what you do *Dale Valskov* We need a lot of people with your skills and set who have good intentions and spread love

Making a mistake is bad, but making the same mistake using the same logic is ridiculous

She lives in Boston, MA and was convinced to buy a home in Birmingham AL by someone else. I am wondering about the following 1. Did she pick the real estate agent herself or did she trust someone else? 2. Did she pick the home she was buying or did she trust someone else? 3. Did she have the home inspected and who picked the inspector? 4. Did she pick the contracts to fix the homes up or did she trust someone else? It sounds like she was completely taken and I would bet the money used to fix up the homes went into someone's pocket.

1) Gets burned on bad idea. 2) Thinks, "Hmmm, what should I do?" 3) Gets burned AGAIN doing EXACT SAME THING. Right.

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

@AlvarezDanuta

9 күн бұрын

Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

@RomeroCarmen-4

9 күн бұрын

To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.

@AlvarezDanuta

9 күн бұрын

Not to blow her trumpet, but Svetlana Sarkisian Chowdhury is exceptional in navigating tough markets. She has been planner ever since we met in London global economy conference. she's verifiable , so you could just search her and book an apointment. good luck!

@danutalucia

9 күн бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@blackworldtraveler3711

8 күн бұрын

Scam thread.

Flipping houses is extremely difficult. You have to know how much it will cost to renovate a property, and how much the property will sell for once it has been renovated. It takes a lot of construction knowledge and substantial real estate sales knowledge. A group of qualified individuals (one construction expert, one real estate agent, one banker) might be able to make it work, but the average person can't do it alone. I know a few people who have gotten burned financially trying to flip houses.

@firebird6522

6 күн бұрын

But... but... HGTV says flipping houses is a sure thing! Why would they lie?

So many mistakes here. He paid income tax on those distributions. Then this year, with that money out of the market, they have missed tremendous gains. And she says that part of the reason for was to pay down a mortgage that was probably at around 3% APR. Then there is the whole misguided real-estate flipping. Man, he needs to take back the reins from his wife.

She was not helping him retire, she wanted to make some money

She didn't do ANY research herself...always check the area...and don't invest so far away from yourself. The idea that everyone can 'win' in real estate is a fantasy...and scammers sway fools like this woman to think they are able to make boats of money using skills they don't have.

@kokoskokso

8 күн бұрын

Lady doesn't even know how to use a calculator.. Losing big % on each and every transaction, rinse and repeat! What a headache

@g.t.richardson6311

6 күн бұрын

You’re totally wrong read some of my other comments I know a real estate broker and another guy who knows electrical HVAC, plumbing and carpentry I’m their painter I am sure some of their properties did not bring in as much as they wanted when they flipped them, but I can guarantee you that none of them ever lost money on sale And a couple of them they weren’t gonna make what they thought so they just rented them and bring in cash flow every month The normal Joe yeah you’re right

Many people can make a lot of money doing this. But they KNOW what they are doing. They do not withdrawal money out of retirement accounts to do it and they have some idea of the market they are in.

@adamseidel9780

9 күн бұрын

“I dunno, that’s the price the realtor told me” is not an acceptable answer for somebody who is going to be successful flipping houses.

@kokoskokso

8 күн бұрын

​@@adamseidel9780fair 😂😂

My brother did that with over 500k, inherited from my parents. Bought the worst properties in a town that, at the time, had the highest unemployment in the country (about 20 years ago), a small town in Ohio. He lost everything. He was sure he was doing the right thing, buying property, and going to have rentals. People couldn't even afford cheap rent in that town and they all needed major repairs. He lost it all. He couldn't see the forest for the trees.

@user-lf2lf6wy4z

8 күн бұрын

Wow. That's a real harsh life lesson

@kokoskokso

8 күн бұрын

That's terrible. Would've been better off trying the idea out on one property and leaving it be if it didn't work out. Putting all your parents' hard earned eggs into one risky basket is 🤯 at least they didn't get to see it. I'm sorry

@EvangelismforGod

8 күн бұрын

Wow!

@megalodon1726

8 күн бұрын

I hope you did well with your $500K, and you're a millionaire now.

Wow. I am blown away by this presentation. I was an insecure 49 year old on SS in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income in every month and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc....At the heart of this evolution is Kerrie Farrell, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....

@PatchettStalls

8 күн бұрын

I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...

@CsokiBabi

8 күн бұрын

As a beginner, it's essential for you to have a mentor to keep you accountable....

@TedStalets

8 күн бұрын

Kerrie Farrell program is widely available online...

@rogercav40

8 күн бұрын

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...

@duongtuan-od7kx

8 күн бұрын

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...

At $68k he only had $80k in his 401k. Nobody is retiring on that.

@ms2bloved126

8 күн бұрын

😮 True

This call makes my head hurt

I see those flipped houses all the time on Zillow. They all use the same flooring, same countertops, same everything, you can spot them easily. Basically the whole thing is done in gray! They may update things, but the people doing them over don't live there, I've heard people say they stay the hell away from flips. Its just a money grab, and if its bad quality, and things don't work a few months later, then too bad. Frequently they are in a bad part of town as well. This one may be in a bad part of town besides being overpriced for the area.

Why would ANYONE think this is a good idea?

@Fred2-123

8 күн бұрын

She saw it on youtube, and everybody knows that whatever you see on youtube is the true facts. she should have used an authoritative source like tik-toc

@brownsugga2584

7 күн бұрын

KZread said so lol

Greed wins again.

HDTV is not 100% real! People watch those shows and they make flipping houses seem like a cake walk. If it was that easy everyone would be doing it.

@edwardrhoads7283

8 күн бұрын

And every show magically sells the house for 20% more than they initially thought it was worth and that is the only reason they make a profit (well that and they are a realtor so pay half the realtor fees when they sell).

@megalodon1726

8 күн бұрын

HDTVs are real. The OLED ones are nice for watching HGTV.

I like how they always don't consider all the fees associated with selling a house. "It's worth $168,000? You can sell for $180,000? Well you'll still get profit" not really,lol. After realtor fees, title fees, etc etc. they are way too "oh easy just do this and you're outta debt"

@SamOwenI

9 күн бұрын

Yes, but remember, she has sacrificed his retirement fund for this high-risk business venture.

@dudelinger70

9 күн бұрын

Yeah im just mainly talking about the ramsey people. They act like everything is cut and dry kindergarten math but in the real world it isn't

@SamOwenI

9 күн бұрын

@@dudelinger70 as true as it is that things are complex, simplifying things makes it possible to make a plan, and then encourage the caller to act. The plans they suggested here remain valid - she should as soon as possible sell the homes, accepting lower profit/a small loss.

@donhill1825

6 күн бұрын

@@dudelinger70 It's almost like they're radio hosts quickly giving 5 minutes of advice on round numbers. Not hired financial planners that dive into someone's personal finances. I'm guessing you're a "Dave never includes taxes whaaaaaa!" person, right?

@dudelinger70

6 күн бұрын

But they will tell people without hesitation and ultra confidence to make huge life decisions in those 5 minutes and people run with it. I am usually on their side with most stuff

I really wanted to hear her answer Jade's questions but George kept asking more questions directly after Jade! Let the woman answer!

@kokoskokso

8 күн бұрын

I often get the feeling that George is jealous of Jade and tries to talk over her. Several videos. They're not good together. George and Ken are so unoriginal.

@kokoskokso

8 күн бұрын

That said, the whole Ramsey show has an interrupting issue. Often we only get to realize the whole issue at the end of the call because they don't let the caller talk, cut them off and start giving generic advice before knowing what the problem is.

@wittenberg5

8 күн бұрын

@@kokoskokso Jealous is a strong word but he probably sees her as competition sure. Ken, JD and Rachel all have their own lane, him and Jade are the only two who are competiting directly to be Dave Ramsey's clone.

Id seperate for that. She not only did that, but blames everyone else but herself. She doesnt sound remorseful at all. You get a good idea of her whole character just from this call.

@DewTime

8 күн бұрын

Exactly. And I hate how she says “we were ‘told’ it would be worth $230K”. So she didn’t do any due diligence and puts all the blame and what she was “told”.

Dumb hubby gave her keys to the retirement cookie jar.

Not all, but most tubies will lead you to ruins. Like 99.9% of em

It's not the interest rates. it's the price, that is why it isn't selling.

@edwardrhoads7283

8 күн бұрын

And probably quality of the flip

@ms2bloved126

8 күн бұрын

Exactly 💯 Probably bought from a previous investor to who bought too high. The rehab cost was TOO high as well.

"Some guy on youtube told me to." Sheesh.

@kokoskokso

8 күн бұрын

She's the type that would probably jump too if told 😂

I really wish KZread would show these get rich quick schemes when they go so very wrong. Unfortunately the algorithm promotes success and those are the stories people want to see - so the stories of success are the ones that are heavily promoted and pushed to the top. Then you get people seeing these videos and believing there is no chance of success

@jimmymcgill6778

9 күн бұрын

It's not anyone's fault that you don't do you homework before you buy.

If it was that easy, everyone would be doing this. 😬

The worst defense of your actions ever is “KZreadr said it would work”.

@kokoskokso

8 күн бұрын

Well how's it working out now 😂

I have 2 rentals just like her and they have been wonderful. I could sell them both profit nicely. Where this person went wrong was 2 things. 1. Dont buy remote unless you are experienced locally, imo like 5 or more properties that are successful under your belt. 2. Sounds to me like she put waaay too much money into a birmingham alabama flip. Small money place gotta keep your budget small.

It always amazes me how folks make such complex decisions when just basic investing usually has good results.

I won’t say never get into real estate again. I will say learn from your mistakes.

@TheSouthIsHot

5 күн бұрын

They can tell that this woman doesn't have the head for the flip business. They are giving advice that is best for HER! Maybe she should try selling baked goods at the farmers market.

@Neddie2k

5 күн бұрын

@@TheSouthIsHot 😂😂😂😂 You crack me up 🤣 😂🤣🤣🤣

The average house in Birmingham alabama is 132,979 and avrage income is 25k with high property tax and high income tax. Most eveyone rents there. Your not getting 230k for a hose inless your in a fabulous area and seeing as its a flip its probably in a bad location so you will be lucky to get 100k for it.

@SteamEnginesUSA

9 күн бұрын

Yep. These people don't comprehend what your saying. ... Market Analysis?? What is that... Lol

@penguin12902

9 күн бұрын

Imagine buying a house for $68k and dumping $100k into it....wow. It wasn't $68k because it has ugly carpet and old counter tops, it's because it's in a crap neighborhood.

@Shun_Lovette

9 күн бұрын

I also use to reside in Bham, now live 40 mins outside of it. A house in Bham can Easily sale for over 230k. New builds on the westside are 200k. Even Center point, which was a prominent area 15 years ago is now considered the hood and has houses selling for 250k+. She purchased houses in the Bad hood. Plan and simple. She’s thousands miles away, had no idea about the area and clearly a greedy agent who only wanted their % who didn’t inform her that certain neighborhoods are not worth the “try to reno and rebuild.” Not when it’s riddled w/ crime and individuals who have the crabs in a bucket mentality.

@jimmymcgill6778

9 күн бұрын

A flip does not mean it's in a bad location.

@oskie2058

9 күн бұрын

@@Shun_Lovette - im on the westside, Bessseme/Hoover area and the houses here start in the 200s and go up from there. That person must not be from the area.

I live in Birmingham Alabama. I flip houses in Birmingham. I see many out of state investors buying in our market and losing money. Some make money. Flipping is hard and it’s not for everyone. I would like to say this though, most successful real estate investors started off losing and learning from that. It’s not necessarily fair to tell people to give up on their dreams. I came close to losing it all early in my career and I kept pushing through until I figured it out. 26 years later and 1500 flips later im so grateful that I never gave up. I’m not Dave Ramsey rich but I’ve done really well. My advice would be to buy in your area and learn that market very well. Buy right, rehab quickly and list it at the right price. LETSGO!

It took me six months to find a contractor I felt comfortable with for a project eight miles from my home. Can't imagine trying to do a rehab project 1,000 miles away in a town that I had zero connections with. This call reminds me of the old punchline "We're losing money on every sale, but we make it up on volume."

A friend of mine flips and rents - he pays cash or uses a credit line.. has a WHOLE TEAM to help him - this isn’t easy

Insanity is failing once, repeating and expecting another result.

If a house cant sell you either A) did a terrible job fixing it up OR B) bought in the worst neighborhood that only rents.... AND why didn't they just lower the price to 195k or something???

Borrowed against a 401(k) for a high interest loan. I don’t think you can help people with judgment like that.

She should buy 1 more house. Third times a charm. 😉😛

The house is overpriced ….

@ms2bloved126

8 күн бұрын

Paid too much in rehab costs as well.

I’m an agent in Missouri, when she said Bham, I already knew that wasn’t gonna work for the flip opportunity.

We were looking to move some time ago. My wife heard of a bargain basement price on a house in the city where I was working. She wanted me to go by and look at it. Maybe we could scoop it up, fix it up, live there a couple of years and take a ton of equity with us? When she gave me the address, I knew. I explained the reason why it was so cheap. And that we would be better off taking any money we would invest into it and light it on fire. Fortunately, she understood.

These callers need to START stories like this with HOW MUCH $$s is involved!

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@ArthurTuttacastilho-tm5pb

8 күн бұрын

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

@AllenChristopher-fp3yn

8 күн бұрын

I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances

@DoubleMaduagwu-sb4kp

8 күн бұрын

She is really a good investment advisor. I was privileged to attend some of her seminars, that's how I started my crypto investment

@lottiegray8790

8 күн бұрын

I have heard a lot of wonderful things about Sonia Duke on the news but didn't believe it until now. I'm definitely trying her out

@azmatwassan8857

8 күн бұрын

Started with 5,000$ and Withdrew profits 89,000$

Another underlying issue here: a 68 year old guy with well under $100,000 in his 401k who was nowhere near retirement. She got dumb ideas and he let her throw a Hail Mary. I wonder if they’ve been doing this stuff for years or just spending everything they made. How somebody could be in desperate trouble in this situation while still having over $50,000 on the ask-cost spread in the unliked house is wild to me. Just start dropping the price and get out with nothing worse than some time lost plus maybe a few couch pennies

What are the odds the KZread channel has referrals to the loan officer, the realtor, the construction crew, etc.

Been watching Graham Stephan huh? See how that worked out.

@JeremyCioppa

9 күн бұрын

I just unsubbed from him

@janise01

9 күн бұрын

I don't know him other than seeing him a couple times as a guest on Ramsey and Caleb Hammer's budget show but would he really advise borrowing against your 401k, using that to buy and flip a house, and then when that house doesn't sell buy another and do it again? If so, I'd like to see the video just to satisfy my own curiosity.

@djpuplex

9 күн бұрын

​@@janise01Caleb Hammer has a questionable way of life. Look into it. All those content creators are sketchy.

@miketheyunggod2534

9 күн бұрын

Dave did the exact same thing.

@janise01

9 күн бұрын

@@miketheyunggod2534 To be fair, while what Dave did was stupid in its own right, it wasn't quite the same thing. Dave bought houses on credit/loan, his bank unexpectedly changed ownership, and the new owners unexpectedly called all his loans before he'd expected he'd have to pay them. If they hadn't he likely would've sold the houses and been just fine. Obviously risky and dumb of him to overleverage himself but he was at least doing something he had a track record of succeeding in (buying and selling houses). By comparison she bought a house that she couldn't sell and then did it again.

Why would anybody get into the flipping game right now? Prices and interest rates are too high. Of course nobody bought your flip.

@user-lf2lf6wy4z

8 күн бұрын

Duh. People can't even afford rent. Very bad timing.

This was nuts. No flipping experience, no market experience, flipping long distance, no financial education, failed the failed the first go around, did it again, now long distance landlord with no experience, drained hubby's 401K, $9k emergency fund, getting crushed by hard money lender, etc. Where is her 401K???? Hubsband didn't have a huge 401k to begin with. Got this whole idea from KZread. Wow!!!!

@ButcherBird-FW190D

6 күн бұрын

Well put, Daren. Or, in brief.... They are "Idiots".

Crazy thing is on AM radio and on late night TV there are "experts" hyping doing this crap to more people!

They all start with" i bought a house for an investment "

9 күн бұрын

Flipping houses is a whole different story than a simple rental one.

I’ve got some oceanfront property in Arizona to sell this woman. What a putz

@kokoskokso

8 күн бұрын

😂😂😂

More likely they did not have the house retail ready. Flipping is hard. Retail buyers are PICKY. You cut any corners and it won't sell or you have to sell it for 30% less. So, if you are flipping for the first time be careful especially with a 12% gun to your head hard money loan.

Lady wanted to help fund retirement, instead she lost over 40k of retirement funds that woulda help support them. Sad stuff.