How Do I Build Wealth In Real Estate? 

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

They are true professionals at the top of their game; I had the pleasure of dealing with one, and it turned out to be really helpful as they assisted me in restructuring my complete portfolio. Julie Anne Hoover, a well-known professional in her field who you may be familiar with, is none other than my advisor.

@@danieljackson87 I must add that Julie’s profile seems to be pretty knowledgeable, so I appreciate the tip. I completely read through her resume, educational history, and qualifications after finding her online, and I must admit, they were extremely remarkable. She responded to my message, and we have scheduled a session.

So I just cashed out my 401k and invested half in DNP and the rest in 3 month CD's at 5.45%. With DNP, I look long term and I will get a fixed 8.2% return on my investment and the stock price will fluctuate (look at the history since 1987, it pays 6.5 cents a share every month, never missed a month). I self invest and have a portfolio of over a million and I am very conservative and I started with nothing.

You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

I thoroughly recommend Margaret Johnson Arndt, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.

How do you factor in the fact that inventory is still at record lows which is keeping home prices from crashing even though mortgage rates continue to go up? It really comes down to basic supply and demand and right now supply is so low that prices will likely continue to remain stable. People have been saying there will be a crash for years now and here we still are

Nope. People will just not sell until rates go back down. Keep waiting for that crash

...the equity in the home has nothing to do with the ability to pay the note...

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

investment requires good experience and adviser to carry out a good and successful investing I have lost a lot trying to trade all by myself

jenny pamogas canaya she is the one i work with look her up..

You sound jealous

Jelly!!!

I dont think he is jelous is that every single caller that calls the show makes 260k

Validation is hell of drug if he smart enough to make 500k hes smart enough to understand the concept of dave advice before he calls

Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.

Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “NICOLE DESIREE SIMON”.

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform.

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems

Yup. Most people forget that Dave Ramsey didn’t get rich initially with real estate. It was his company Ramsey solutions that made him rich. Then he used that money to buy real estate and get richer.

Yeah, hard when you spend it all.

During the Great Recession 2008-2011, houses in my subdivision ($250K), sold for $50-$100K, they now sell ~$500K. people bought 5 at a time.

And if you can do the work yourself is a big component

@metalhead6526 It is a slow and steady ride... took me about 15 years.

I can believe he did at one point. Enough to know it can be a pita.

Well obviously when you get to a certain size you have employees and it’s a legitimate real estate business.

He's said quite a few times that his daughters husband now manages that for him

@luisvigo, No one does if they are willing to pay the fee to have another company do it.

Pretty bogus comment. You have anything better to do buddy? Anything more productive? That was boring

They're the only people who actually call.

Broke people telling rich people they should pay for financial advice and wonder why they're broke.

@@SRD1281 lmao my next worth is over 300k. I got here because of Dave's advice. I also recognize that I dont need to call him and ask why I can't live on 100k a year because it isn't that hard. 500k there really is no excuse.

By the way he’s talking I don’t think he makes 500k

@@ozzyarellano6509 I don’t know. Car dealers and real estate agents and people who own real estate don’t sound sophisticated, they can just be really really wealthy. And I’ve learned where I live they’re frustrated bc they have high class income but are not blue bloods. So they don’t fit in anywhere

If this guy sticks 10% of his gross under his mattress every year he’ll retire with 1.5 million

@@TonyCox1351 with compound interest, probably more

You wanna just whine about how you can’t get out of debt or you wanna also hear stories from one of the winners you’d like to become like?

@@adamseidel9780 I’m out of debt with my own business I’m good just would like to hear more about everyday Americans not rich people nepo babies that need to hire finance manager because they aren’t responsible enough making 500k a year.

Most Americans make $500K+ a year?!? Are you re'tarded?

@@cgasucks it was sarcasm

​@@cgasucksare YOU???

Probably a realtor

A company and brand THAT INCLUDES real estate....

@@amireallythatgrumpy6508 ad space, subscriptions, and content sales are where the bulk of his money is from

I’m pretty sure he created his initial worth through real estate

@@PatsGators497 well duh, because that was his first gig. But he wouldn’t be as wealthy as he is without his brand and products

Pretty sure hundreds of real estate properties bring in a similar amount of money...@@Jajaky

Weird, how did he get that?

Highly doubt he makes 100m a year

​​@@reese85do you understand the concept of sarcasm or exaggeration?

Now he does. He started after bankruptcy making 80k a year while paying off chapter 13 on 3 million dollars

@@droid2D2C3P0 no because I’m sure some ppl really think this

Easy, hire a management company or have someone help out

Systems...

You have zero idea how easy being a landlord is. Most months involve doing absolutely nothing. Sometimes you have to call somebody, but that's about it.

@@LyricalTampon wrong. I have been a landlord for more than 10 years.

@@reese85 sure that's an option, but they charge 8% to 12%, which eats into your profits.

Why you hating?

you sound broke

Broke

We are seniors who are millionaires but we have a dysfunctional daughter with a 4 year old. We want to know of we should buy her a townhome. They will not take my call or my text, and I think it is because it isn't cut and dry.😢

@@reese85 Most people do what the callers makes good money.

Yea it is a show to help people so it show you what you can do. If you want to make a show where poor people whine go for it.

@@joesmith3590 Mic drop

​@@alinatamashevich3354😂😂😂

@@joesmith3590 It's also a show designed to make poor people believe in something they can't feasibly achieve. When Dave or George are cornered in that respect, they always throw out a generic "just drive Uber, deliver food, go crazy". Those things aren't going to make you any real money and in a lot of cases, expenses exceed earnings. What Dave is doing is the same thing that Fox News and CNN does, which is attempting to normalize the crazy wealthy to the masses and convince them that with some hard work, you can make it too. In the background, they're cutting taxes on themselves and social programs for regular people so you'll never catch up.

You know i used to think the same but look at the statistics wealth doesnt inherit well by the time it reaches the 3rd generation the money is gone. I come fron the descendents of the spanish colonizers we had everything ranches houses, maids, money. My family was filthy rich in Mexico that money is gone to the point that we all immigrated. My family blends perfect with the mexican upper class except we dont have the cash its all gone. There is a spanish saying Grandpa (immigrant worker) Son (second generation Millionere) Grandson ( pordiosero) [ raggs poverty]. That is the history of all latin America we used to be filthy rich now its all gone and the grandsons that feel entitled are the ones voting for Left wings communist policies and all its doing is making latin America poorer

borrowing their way to wealth is a generalized statement. anyone can be reckless if not paying attention.

I know dozens of people who borrowed their way to wealth in real estate. They became multi millionaires by the time they were in mid forties (with all the loans paid off). Dave Ramsey preaches a safe and slow way to build wealth. That’s ONE way to do things. Doesn’t mean every other way is wrong. If people are wreckless (like they try to flip houses without doing proper research) doesn’t mean “borrowing money is bad. People need to learn to do it right way.

​@@kshitiz06 My husband and I aren't in real estate, (although I almost got my license a few years ago) but we have bought properties twice, putting 10% down and borrowing the rest. We made over $100k profit on the sale of the first house and the property we have now has tripled the price since we bought it so we will make an even bigger profit when we sell. One can make money even when borrowing but you have to be very, very careful. I hope to be able to build a portfolio in the future.

I never seen the study. Also prob 0

I personally haven't read the study, but it is there; they did it a couple of years ago if I recall. As is a Ramsey study, very likely you are going to find majority of those millionaires be above of 50, which is honestly what would you expect

Youth is wasted on the young and wealth is wasted on the old.

​@@XXnickles It was a lot longer than a couple years ago. The study was the subject of Chris Hogan's book "Everyday Millionaires" and he's been gone from Ramsey for quite a few years now.

They found the average millionaire was somewhere around 47-49 years old.

I think he meant 500k in sales but 140k + in commission

He didn’t say that. Listen again.

And you failed at listening and comprehension..... 🤦‍♀️

@@droid2D2C3P0 Are you a hater, your bf not putting out? It's from 1:30-2:20 of the call that he absolutely made no sense in answering the question. All he has to say is I make x in sales, y in commission. That's not that hard for a salesman is it? So you're Ms. Einstein? May I ask what's your education level/college is? "And you failed at listening and comprehension" is grammatically incorrect. You need to go back to middle school and learn proper English.

@@droid2D2C3P0 Tell ya boyfriend to give you the D so you're not grumpy and grouchy with your comments.

No joke... as a 100% commission job... That's usually a sales type of job. He seemed to have easily switched to from investing into real estate as well... I'm calling BS on the caller.

@@TheFlyingZulu Like someone commented above. Good enough to make $500k/year, has to call Dave Ramsey for real estate investing advice.

This guy wants risk

Real estate has risk in it. Bad tenants, vacancies, appliances break, covid makes it so you can't evict non-paying tenants, home values stay stagnant or decline over a several year period, etc. If you can account for all that and more, then yes it's a faster way to build wealth, but it could also lead to bankruptcy like what happened to Dave.

@Jimmy, only for you, many have done and many will do it. Your broke joke advice is getting old

If it takes you decades to save up for 1 investment property then you are not ready for it... not putting you or anyone down but you have other things to figure out first.

@@SpoonHurler Jimmy, is not that bright. So what it takes 2/3 years to save up. Plenty of time to study the market and locate a decent property. I did when I had to expand my business, saved up, looked at several locations. Paid cash.

@@alinatamashevich3354 yes, I didn't even think about how saving up makes you less impulsive... while you are saving you are much more likely to look at the entire picture of a property/area as well.

That's illegal lmao. That's super fucking illegal on like multiple levels. Fair Housing Laws prohibit shit like this, and military status isn't a protected class.

But when your renters stop paying rent and you have to evict, believe me, it's your problem and you will spend time and money. As well, when they damage your place, again, you will have to be involved. Plus, there is normal wear and tear over the years on rentals where you have to fork out money and you will be involved in that. So, no, this is not passive income.

His show, his rules, you call Dave, you get Dave's advice. Pretty simple.

Cause he's powerful.he believes every body it's stupid for not having money.he uses bible,Jesus God whatever to his advantage,he loves God but puts families in the streets for buying them renting crazy but he loves godddd yeahhhh.

Because he's fielded thousands of calls and can tell when people are trying to justify their stupid ideas/decisions.

@@dr_pinna543 Correct!

Yeah, is prolly why the caller does so well on sales. Number mumbo jumbo.

Almost no one becomes a billionaire from inheritance.

Name 3 who did

@@alinatamashevich3354 see above

But has to call Dave Ramsey for advice haha

True. I'm sure Grant Cardone would promote the same strategy whether it be a TikTok video or a $10K private strategy call.

The problem is TikTok is psychological weapon 😂

Dave also posts on tiktok.

the issue is without tik tok the guys wouldn’t even be known. If you don’t like it and it bugs you it is time to grow up and get off tik tok.

I love that Dave has this fantasy that TikTok invented using leverage to gain wealth, aka, the method used by the vast majority of people who build successful businesses and real estate portfolios.

Caller said he is on commission = SALES

He just wanted to flex.

There is no such thing as "passive income", honey.

@@amireallythatgrumpy6508 STRAIGHT FROM GOOGLE: Passive income is a type of regular income earned without working for an employer or job. It doesn't require any active work where you're receiving money in exchange for a service performed. Sounds like my rental properties honey.

Imagine actually believing google to be a credible source. How comical. Gullible Americans. No wonder you're the laughing stock of the world. @@rickdunn3863

The comment section is literally for ppl to give their own opinion

Comments aren't for cheerleading only, that would be pretty boring.

Yeah the parents actually read to them instead of go to the club. They had a non and a dad at home. Lol anything excuse to not put the work in.

That’s life, are you going to complain in the dark or go find a light?

🍪

Way it should be, debt is dumb

The last time an American thought for themselves, Dave wasn't even born.

That’s why Dave want the no debt plan.

A good example of this is the Elijah Park in California where the developer bought it and effective immediately, the new owner doubled or tripled the rents of the current tenants.

I’m sure he’s well aware of all those things, since he comes from a real estate family

I would not listen to him either. His way is not the only way. He's been doing real estate for 10 years. So he knows what to look for. And n=knows all the risks.

@@reese85things have changed a lot you can’t even get a renter out in many locations.

@@reese85 He could have fooled me.

@@jimmymcgill6778 And you don't listen either.

Yes, with strings attached.

Tik tok is a platform that stupid people with the attention span of a flea gravitate towards. RU-vid is for slightly more intelligent people.

@@amireallythatgrumpy6508”youtube is for slightly more intelligent people”. People just say anything nowadays. Im pretty sure most people who use tik tok also watch youtube.

@@Brandon-tz5pn Shorts, maybe. The people who use Tiktok cannot handle a video over 2 or 3 minutes long. They don't have the attention span.

And you love to flaunt your ignorance Jimmy!

Because people keep calling and try to do Dave-ish. He's trying to say, listen to me, I've been there and done that and changed my ways. Look where I am now.

@@dr_pinna543 Jimmy is the @$$ wart Dave troll.

That would be happening whether he did it or not.