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CoronaVirus Impact on Real Estate Investing 

Bin Chen - Real Estate Simplified
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CoronaVirus Impact on Real Estate Investing
How does the Coronvirus affect the Real Estate Market? The virus has devastated the stock market, will it have the same impact on the real estate market? Currently the interest rates are at their lowest in decades. The housing inventory is at all time lows. These factors should cause the value of real estate to rise but will the Corona Virus change everything? Watch this video to find out.
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My channel is dedicated to talking about money and financial independence through real estate. My goal is to help you along your goal is financial freedom (not having to rely on a job to live). The truth is that the rich are educating themselves and their kids on how to become more rich while the poor and middle class are dreaming about how to go to college and get a good job. The rich learn to use their money to make money so they can free up their time while the poor pay to learn how to work for the rich. We need to break out of social norms and secure our own freedom.
--DISCLAIMER--
This video is for entertainment purposes only. The advice, suggestions, and information given by Bin Chen are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Bin Chen harmless from any liabilities and claims.

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2 окт 2024

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Комментарии : 41   
@RodasYonass
@RodasYonass 4 года назад
That lady is really ignorant, sorry you had to deal with that. Love that you turned it into a joke. Looking forward to that update
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
It happens man not the first time but we cant let people like that ruin our days. At least I have a funny story to tell now haha
@FritzJones1
@FritzJones1 4 года назад
Great video Bin. Shame on that lady for accusing you of having Coronavirus! I hope real estate prices come down. If I may ask how many properties do you own and what market are you based in if you’re comfortable with sharing?
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
When people are scared, it brings the worst out of them. I currently have 10 units and I'm looking to buy some more hopefully I can close on this deal that I'm working on. I'm based in NYC more specifically the Bronx not going to go into neighborhoods for obvious reasons haha but I invest where I live since I manage my own properties. I'm a hands on type of guy so i like being able to go there and take care of things myself
@FritzJones1
@FritzJones1 4 года назад
Bin Chen - Real Estate Simplified thanks Bin. You’re the man 💪
@bluecollarmoneyinvestingch396
@bluecollarmoneyinvestingch396 4 года назад
Haha, advantage of not being monetize. Free speech! Appreciate your insight on real estate
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
lol yeah its getting pretty bad out here
@CALEBBYPRODUCTIONS
@CALEBBYPRODUCTIONS 4 года назад
Ohdang! Opportunist spotted for sure! Binchen Grandkids: How did you become rich grandpa? Binchen: *Coughs*
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
haha exactly
@citizenoftheyearCC
@citizenoftheyearCC 4 года назад
As if us Asians needed more super powers! Surprised someone in NYC would say that to you! Hoping these prices fall more so I can buy my first place
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Haha yeah considering how nyc is one of the most diverse places but yeah fear brings out the worst in people. Its going to get a lot worse before it gets better. Hopefully you can get your first place.
@MiloneMoneyMindset
@MiloneMoneyMindset 4 года назад
Another excellent video man. yeah I'm really sorry you had to deal with that.
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
haha at least i got a funny story out of it. Can't let people like that get me down.
@leedaniels7196
@leedaniels7196 4 года назад
Wow!.that lady in that grocery store was rude and ignorant as hell,smh.I would have asked her the same question, and see if she liked it.Let us know about your deals,when you are ready and good luck too!.Love your channel,great content!.
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Thanks a lot for the compliment It means a lot to me!! Tried not to take the lady seriously haha lifes too short to let other people get you down. At least now I have a funny sorry to tell haha.
@AdventuresandUs
@AdventuresandUs 4 года назад
Hmm I am glad that skills from stocks can transfer over..or at least some of the philosophies
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
I think investing in general all follow similar concepts when you talk about the overall market but then when you look at specific deals its completely different. Its easier to pick up if you do have some understanding of investing though
@leathelandlady
@leathelandlady 4 года назад
And that woman is a health care provider? I just can't. Ugh. On a good note, I hope the deal goes well for you. Fingers crossed!
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Thanks a lot. I can't wait to tell you guys but I'm going to wait until either I get it or the deal falls through before I give any info. Its been an interesting process and I learned a lot from it
@thewongmindset451
@thewongmindset451 4 года назад
I was worried about the same thing... if businesses Are affected and people start losing their jobs that’ll affect my rental income... hope the govt steps in like Italy or a lot of landlords will go bust
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
A lot of people are being told to work from home now. At least they are working still. I think small businesses are the most at risk. Hospitality and restaurant workers might get screwed over
@KyleVuAVG
@KyleVuAVG 4 года назад
lol i wish you can do that to bring down the price lol. Looking forward for your update on your biggest deal 👍
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
haha this virus is bringing out the worst in people. Hopefully I can make this deal happen fingers crossed.
@investwithdavis1235
@investwithdavis1235 4 года назад
Dam that's frustrating to go through that on the store, sorry that happened to you. Great to watch this video looking back. The low inventory is keeping house prices rising, keep up the videos. Looking forward to growing together on RU-vid Bin!
@genzinvesting6561
@genzinvesting6561 4 года назад
Great video
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
thanks a lot appreciate it
@InvestinginYou
@InvestinginYou 4 года назад
Wow, she asked you if u had corona virus. Smh Lol the corona house. If it continues this could have a huge negative impact on real estate. Buying when the # make sense is a good tip
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Its been a few days since I've made this video and the negative impacts are already showing itself. The number of people looking to buy and sell have dropped significantly especially in NYC.
@InvestinginYou
@InvestinginYou 4 года назад
@@binchen-realestatesimplifi2143 Wow, That is bad
@FloridaRealtor333
@FloridaRealtor333 4 года назад
Haha beginning was hilarious about being monetized. I just started my channel and trying to grow as well! Keep up the great work!
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Haha thanks!! I'm fairly new to youtube too, still trying to improve. I see your channel is about real estate too. I'll definitely check it out
@FloridaRealtor333
@FloridaRealtor333 4 года назад
Bin Chen - Real Estate Simplified awesome! Thank you so much! I’m so thankful I started real estate this investing! It looks like you have a lot of good video content!
@traviswilliams1296
@traviswilliams1296 4 года назад
Yes it will be interesting to see if real estate follows suit and tanks...can’t wait to hear about your future deals! Always keeps me motivated. I always enjoy hearing how others evaluate income properties
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Thanks a lot for the support man. I just hope this thing doesn't get out of hand and cities start going into quarantine.
@maribelgranadosfacio
@maribelgranadosfacio 4 года назад
😂😂
@FromTheNeighborhood
@FromTheNeighborhood 4 года назад
Great advice Bin - "Buy when the numbers make sense"
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 года назад
Its getting pretty scary here in nyc gotta be careful I hope the city doesnt shut down
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