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I mean they are adding the real tangible value by adding materials and skilled labor which with today inflation is a lot to earn a decent living. I know with real estate investing you're trying to use housing or commercial property as a investment vehicle but benefits seem to come from cash flowing and refinancing the equity not from fast flips that risk losing money when costs spike.
Yup the people we bought my house from was running from the law we didn't know until after the fact and found out when we bought the home and started fixing it ourselves and he did a terrible job and we found found out how bad with fixing our home.
Not to mention, that every place I went, I was getting educated and schooled real quick, that contractors r covered by laws, that helps them more, even if they do get ur money without fixing anything!! Contractors r covered!!
Yup. Each contractor is there to do a single job. The agent doesn’t care what happens, so long as it passes inspection and looks aesthetically pleasing to the eye.
I understand, and was involved with a Dirty Contractor, They knew I had just had a heart attack, an had to jump up out the bed running!! Had house fire.. I pick them not knowing who I was picking!! Signed paper.. when all the vullshit started!’n didn’t board the house up so litters won’t go in!! Had to tell that!! Got almost all the money first before they started working on it, told me they had to have it it all in order to work!! Was putting in for inspection, without the items…went to insurance people in got more money for things he didn’t do!! 3c times.. tried to intervene, everytime.. didn’t work .. went to city!! Went to court house, a the Comsumers!! Still didn’t get help!! To get a lawyer was to much, didn’t have the money, so u have to go to gulf coast Jewish services!! They took sides with contractor, which the lady is a foreigner, who really don’t understand English!! So even when u don’t have money to get a lawyer.. they know how to take advantage of of people!! Don’t have husband, saw me as an easy target!! Then turn around and a suing me to get more money , because I stood up for myself self!!so because I don’t have the money to stop been sued!! They still getting money that don’t belong to them , suppose to got me a window,, still dnt have have one!!! All paperwork,some videos..my contract from my insurance people!! He has different paperwork that he put together to submitted to insurance people that was different from miners, lied to insurance !! If I did have the money , I’m sure I might win!! But do to me being a black lady!! I m easy pry!! They’re just looking 👀 to take advantage! I tried to expose them, and they still getting away with it!! So please Don’t go to TP3building solution, here in St. Petersburg, ripping people off Big Time!!
Not necessarily no, once you have enough equity in the home. You can call the servicer of your loan to get rid of PMI. If you need to get pre approved we finance in all 50 states dm us on Instagram @realestateandchill if you’d like more info
Ummm thats not how investing works 😂😂😂 wtf is he even talking about - unless he had a “open position” as a speculation trader, investment accounts do go into the negative
I was confused too like you might be at a lost and not in the positive but that money isn't coming out your pockets or going negative but I think I know what he's trying to say
Why shouldn't real estate be psychotic.... You raise rates we raise prices - you lower rates we go back to reality the pandemic made property psychotic not the Intrest rates
Supply and demand determines prices, not interest rates. Rates are high but inventory is low. Less buyers because of the rates but no inventory = multiple offer over asking. Still a sellers market
@@RealEstateAndChill For context, I am a realtor in Los Angeles, so I will only speak on the market in LA County. Based on data, inventory is rising. If the data continues in this direction my prediction is the market will shift to a neutral one in the short term, then to a buyers market.
That didn't work... they raised them a good 5% I the last few years and the prices just went up higher. No one is selling because interest rates went up. The are sitting in their 2% rates. The isn't inventory for this game anymore.
@@RealEstateAndChill bingo! Although there will be a lot of inventory. The game is different now. Poulsen is growing but houses aren't being built quick enough to meet the demand... at least not in my town.
We can see both sides . He’s speaking from an investors point of view . But yes we agree it’s always good to get in early and not wait only more expensive later on. Can’t time the market it’s all about your time in the market . Appreciate the love subscribe!
Why should assets that have lower value to buyers and higher financing expenses, increase in price? Its a math problem, you want the answer for 2+2 to equal 5. It don't, why should a overvalued property that can't make money increase in price?
@@RealEstateAndChillit’s so weird that the majority of the participants in your industry are 100% dependent on this assumption, while the top echelon will benefit both from the increasing prices, and also from bottom falling out (allowing them to swoop up more inventory). Very odd.
Appreciate it brother , we are on our way . Subscribe we got a lot more heat coming and more amazing guests . Share the episode bro . The RU-vid algorithm is weird lol
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