Learn how to become a millionaire through the wealth-generating powers of real estate investing! In this video, Brandon Turner …
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Learn how to become a millionaire through the wealth-generating powers of real estate investing! In this video, Brandon Turner …
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50 comments
Your next video is how to become a billionaire through real estate.
Dude you said nothing that common knowledge doesn’t say… obviously you pay on a mortgage and the loan amount decreases but explain HOW TO BE A MILLIONAIRE DOING THIS METHOD
Did you already subtract the expenses to get to your cash flow figure?
This is what I was looking for, a video made 5 years ago … the overall fundamentals of how it’s supposed to work. Thank you 5 yrs late. I am Not an American and I’m trying to apply these concepts in the country I live…. Kinda sure the tax benefits won’t serve me but I think the concept should be the same.
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 neighbourhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighbourhood 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.
On its own, real estate offers competitive risk-adjusted returns, equity building, tax advantages, cash flow, and inflation protection. Real estate may help you diversify your portfolio and lower volatility, whether you invest in physical properties or REITs. My decision to invest in REITs was influenced by dividends; they are a fantastic way to safeguard and build wealth. I currently own AMT, CCI, and PSA. 2022 earnings of $290,000.
The average home is not going to cover property taxes and insurance with just rental prices.
The mortgage payment was not captured at all.
My friend you are leaving out so many variables in this equation. First and foremost generally speaking homes nowadays aren’t 100k especially “ready to move in” homes. Assuming the place needs no rehab whatsoever, the higher price tag of homes means a higher cost of entry. (Your down payment) you also never mentioned closing costs, what type of loan do you qualify for, what’s the interest rate on this loan? Insurance costs, Choosing the right tenants… leasing contracts, emergency funds for when life throws a curve ball at you, the inevitable PROPERTY TAX, among so many other factors that were continently overlooked. There is definitely security in real estate but one needs to know ALL the numbers and then can one decide weather or not it would be a good decision to “invest”😂
You are a millionaire🤑🤑
Just kidding😮💨😮💨
excited to be building wealth.
So slimy,
Everything nice and makes sense…What about interest rate on the loan?
3% is a really low annual appreciation, more realistically you can expect 5-6%
Ahhh the pre covid days
The fact nobody talks about the lord of the rings trilogy in insane.
It’s sounds so simple that it’s unbelievable, and it is
U sorry asshole.
U sorry jackass. Ty for wasting 12 minutes of my life. You belong in a mental hospital.
Im here thinking how much you have made in the past 5 years since this video posted and im here trying to start a little business
This formula works great if the lifespan was 300 years 😂
Great info for Investors. I embedded you guys on my website so my users can have a look. Cheers
Do you have to get a loan already have student loans don’t want to have to take out another loan.
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.
I feel like I was saying “no shit” after everything he said in this video. What am I missing
Everything is great until this is 5 years ago. $500.000 apartment complex? nope : /
Everyone wants to be a millionaire when they really need to be multimillionaires if they want to live a decent life.
After selling a couple homes in 2020, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Great informational video 💯
Where are these properites that cost 100K or less? Where I live a 100K wont get you even an appartment….
I believe people need to Invest in Real estate, get more into stocks and the foreign exchange market, I’ve seen and read how profitable some traders are, making millions, it’s incredible and astonishing, I know there’re no shortcuts. Whether or not real estate is a suitable investment for you depends on your individual financial goals and risk tolerance.
Once I hit 10 rentals I’m done and I’ll quit my 9-5
ok what he is basicly talking about is the brrrr buissnes model. he is actually 100%. but plase dont proceed at anything until you study extremely well real estate. let me explain. you must make sure at all cost that the property is cashflow positive if not you are stuck in liability debt. the way you do that its is 1) qualifing for a fixed good intrest rate loan by having good credit and an already existing buissnes before you get in to the property game.
2) its not as simple as you get a run down property. you must buy a run down property at the right location. location is key both for cashflow and apreciation. dont buy in the A,D area it will never cashflow its almost impossible buy in the B,C.
3) calculate very carefully how much does the fix cost you easily run out of money.
4) have a property manager please dont try on your own
5) dont over levrage vacancies are very comon thing and playing it safe for me i the way to go. as you can imagine is a huge world with tons of knowledge you must put every single time even with the tax credits with properties they change every year the benifts tho are beyond amazing. i hope god bless you all and your families 🤲
good information. thanks
A house for 100,000 is an INSANE under estimate. The privilege to being born in wealth is huge
How will you pay the loan per month?
It’s kinda wild how people are only scratching the surface and don’t take the time to read 25 money secrets from Donald Trump. Get out of the rabbit hole.
are you a millionaire?
what about the depreciating value of apartment after 15-20 years?
2 points I have to make:
1. US banks loan money at very low interest rates. If you are living in another country, a 10% or 20% down payment might not be enough to generate positive cash flow from year one. I would recommend using Discounted Cashflow Analysis to see when you'd break even and what the ROI would be at the end of the loan period.
2. His comment about tax is a little misleading. If your friend makes $100k at his job and you make $100k from rentals, you only pay less tax if you have a lot of tax deductables. Tax deductables are still expenses though and reduce your profits.
Aloud properties
Having a real estate license can be a smart stepping stone into property investment. Personally, I like specializing in multifamily properties because it allows you to leverage commissions, and by living below our means, and saving aggressively – anything is possible. This approach gives you a head start in creating a strong property portfolio early in your career.
What about the interest rates of your mortgages
5;43 you fotgot about % to the bank for the loan
Good video thank you so much❤❤❤❤❤
ANOTHER TRASH PROMOTION VIDEO OF A PRODUCT. THIS IS HOW HE ACTUALLY MAKES MONEY. NOT RENTALS 😂
THE VIDEO IS SO FULL OF TRASH I ALMOST SHI MYSELF 😂
you forgot one important income. INFLATION ! Inflation work also on depth money. If you borrow 80 000 $, on inflation you get about 20 000 $ over 10 years.
Why don't u talk about the interests 😢
That’s slow steady money I live the fast life that is a slow cooker