I'm a veteran so that helped with my downpayment... also the "first time homeowner" perks apply after only a year... so I'm in property two still as a first time buyer...
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!
You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Thank you 🙏 sis for this video. I too was worried about the 2 year work history, but I am in school and am looking to purchase my first home in a year.
Excellent Video. thank you so much. my credit score is 599 to 621. I lost my home in 2016 and been looking. Some saying i need 15% down i could not afford it. Thank you!! I own property but not a home. But now i can own it. Thank goodness.
To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life. ❤
Thanks. I am trying to relocate to Memphis TN Rural areas and I have no credit score but I have monthly phone bill , car insurance and storage facility. I desire to own a house of my own to live in. Please advise me on how to obtain such a home. Thy. Be y.
I always wanted my own home and your video gives me hope, this has always been a dream of mines is to own my own home. I need help but not enough money.can you help me ???
I been on a hiatus lately concerning real estate soaking up as much info as I can about this was soooo helpful and a bonus that I actually understand the lingo like PMI since im taking real estate broker exam when applying to this loan, will they be concerned that I haven't had 2 year work history since being unemployed since January and have just started back working?
Inflation and Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
You need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
Pray for Discernment when your renters move into that property so you will get the suitable tenant that will bring harmony and respect to the home. Best Wishes to ALL.
Call all references and ask about their experience with potential renter. Call their employer to verify employment and salary. Get a rental deposit. Pay for a credit check on rental. If they have a car, check how clean they keep their car. This is an indicator of how clean they will keep your rental.
With discernment and your intuition leading, one can NEVER go wrong. Wise advice Sabrina because really, its not just about money etc.. human beings are messy and can be very cruel and disrespectful.
I cannot believe you explained this convoluted industry called home buying in just eleven minutes! I’ve been reading and watching others “explain” the process of becoming a homebuyer for weeks! Along came your video I feel more hopeful after your explanation! Thank you!
@@Liliinvests I hope since I subscribed and pushing like to all your videos I'm going to watch every one of them that if I need any extra notes from you I can reach you too
@un bezo She is saying if you want to live mortgage free, buy a multi unit property, rent out part of it. If you have low credit and no cash, get down payment assistance and an fha loan. Talk to a mortgage person if you want to apply
You are such an impressive young woman - thank you for this information! I am buying my first home at 36 years old and am trying to learn as much as I can. This is so helpful.
I Love that you didnt turn this into some waste of time drawn out Program like most people do on RU-vid. Clear and concise while engaging us into what you have to say. You’re wonderful and informative! I’m so doing this!! I live in California so it’ll be a bit tough but I’m going to give it a try! Thanks girl! You’ve got a new subscriber!
I want to purchase this home in Colorado. The home is 300,000. And my biggest issue was the down…so you’ve given me hope! I pay 2175 in rent for my apartment. The mortgage would be 1400 for a home! You’ve given me hope! Thank you!
FYI All that rental income is TAXABLE and you will be held accountable for it. You may be able to write it off, at least some of it but be aware that what you get from renters is INCOME.
You explained this so clearly! When I watch other videos, I always get lost.. they start dragging things out too much 😑 But this was perfect! You make me feel like I can actually do this as a 24 (almost 25) year old 😊 Thank you!
I received your info from a business partner, and Ms Lili, thank you in advance. Your ENERGY, 🩸and way of explaining, IS WHY I KEEP WATCHING YOU!!! Awesome!
Officially subscribed! Tryna get my 21 yr old son & 20 yr old daughter to buy something from Nate as of rent! They REFUSE to listen to mama….maybe they’ll listen to YOU at 23! Sending them your page link hun…thank you!😉🥰🙏🏾
$200.00. LEFT OVER, YAY????? You forgot, car or bus/train pass, gas money heat, electric, water and sewer,, car insurance, vehicle registration, trash pick up, property taxes, health insurance, home owners insurance, flood insurance. I am truly happy for you, but it ain't as easy as you think or say.
O Lili you was a hooper hooper! Left hand and everything lol. This definitely just made me a subscriber along with all the good content you provide as an investor. I'm looking to taking that first step to get out the trucking buisness and I'm very appreciative of all the videos you've blessed us with so far. Thank you keep motivating the people!
I tore my ACL and MCL on both of my knees and never been the same player as I was before. Now I’m learning about the wholesaling. Love your passion and your heart to help others thru your contents. New subscriber on this channel!
I been praying to God to show me a way to have a home and a business and here you come . And I believe truly the Lord has directed this video my way I have exceptional credit 798 sometimes 800s it goes up and down but never knew why God put me in this position to have good credit with no ideas of what to do with it. I been praying to move out of the projects I live in but I only make 9.00 a HR im very thankful for your video and am ever grateful to my Lord and savior for steering the video in my direction. So grateful for you being transparent in the process and easy to understand. Now I just need a better paying job and a car and I will be good.
You're the best Lili, l really need to learn more from you because l am tired of my day job. Thank you so much for sharing your experience with someone like me. God bless you.
One thing I hate is people mentioning their age. "At just 23 yrs old " Like so what! It's a matter of luck and chance that you were able to run into people who took you under their wing and showed you the ropes. Not age!
One of the best content if not THE BEST!!! I've seen in months. You are beautiful, smart, talented, aaaand generous. Thank you so much for sharing this incredible gem with us.🤗🙏🏻💖
You make me believe, my wholesaling journey going to be smooth, my plan is use wholesale money to buy properties cash and do Airbnb with them. When i bought my first multiple family, i have FHA program option but additional to 5 years can't sell it they add 1% on the interest and have to pay the city $300 monthly extra for 3 yrs, so that scared me so i chose conventional loan 3.5 down payment then sold it after year, back then no idea about wholesale, subject to or creative financing, back then. Regret totally
Good video, and congratulations, however...very few multi-unit homes let alone SFR that are $200k or less. In the Seattle area, mid range homes start at $700k. Also, most people that live in this area who can afford a home have 3 figure salaries. Just being realistic, I am a loan officer and this strategy doesn't work for most people in this area.
you're videos are amazing thank you so much! i've been studying for a couple months and about ready to put plans into action. knowledge to create financial freedom to start living instead of just surviving so you can provide for you and your family is priceless. keep making these great videos!!!!
I love it I'm trying to get started in real estate here in Pennsylvania so I can move in rent free with my wife 2 kids and be able to rent out 2 other or 3 other units on the same property and start growing.
You should have a rental property for each monthly bill. Your 4-plex pays for itself while you live in 1 unit for free Your triplex pays for your childcare, & healthcare car Your duplex pays for your food &phone Passive > Expenses = Financial Freedom
What she is not saying is property tax. So if she isn't paying property taxes the county or state will sell her house out right. So they isn't no way in this country you living in a house for free.
You're amazing. This is priceless information. But what I want to know is how much it would cost to BUILD a house and what types of loans you could get to do that.
I gotta give you your props for delivering such great valuable information to your viewers.. and with that being said I was just curious to know how many wholesale deals did you complete b4 you started the brrrr strategy & did you have active incoming coming in b4 you started wholesaling?
Man your channel blew up I remember like 2 years ago when covid hit and you had a like hundreds of followers. Very proud of you 🙏🏽. Had 1 question those brrrr checks are you refinancing equity right? Bcuz I don’t see how else you can get a check if you hold the property.
@@Liliinvests ok thanks and congrats again. Also didn’t know you hooped. PAC-12?? Acc?? And you was tuff lol 😂. Like I’m speechless haha. You really did the hoop thing my girl lol. We definitely gotta connect. You’d get dunked on though. Let’s work together and make money 💰 Need your contact info
My first time here but I had to subscribe and 👍 because your delivery is awesome, look forward to hearing more, I'll need your experience to help me, thanks so much Lili
I'm interested in finding out details how she got her house for nothing I like to know that because I'm looking for a place and I'm trying to see what strings I could pull to see if I get it hopefully I get lucky and a lot of people are doing things like that some people are just naturally smart you be surprised
No, she did not say that @ all. She was gracious to share how to obtain a home without the 2 year employment requirement. Most would be thankful for this nugget of information. Wise move on her behalf. Continued Success Lili
QUESTION!!??? Has ANYONE actually TRIED THIS?? How wld I begin this process in my state from beg to end???? Honestly, I have no clue who or what companies to call or KNOW if they are legit or who I can trust. My credit score is now in the high 600s & I have 0 savings- I'm getting nowhere with paying rent..very flustered 🤷🏽♀️🤷🏽♀️🤷🏽♀️ IF SOMEONE in the comments who actually KNOW what they're talking abt can reach out to me to explain how to do this for MYSELF in MY state. I guess I just want to avoid ALL scams...bc I dnt know ANYTHING abt the "Home buyer lingo" I DONT want to be "played"..which I'm finding happens in EVERY level & with everything nowadays🤷🏽♀️🤷🏽♀️🤷🏽♀️🤷🏽♀️ Thanks
_great video and information thanks much love from Port Arthur TX and Dependable Angel Services on RU-vid channel I watched several of your videos love them._
Of all the similar videos I’ve seen on this topic yours is the clearest and most simple to understand!! The question is why does it feels like your a special circumstance? It STILL feels unobtainable. Thank you for sharing
Wowzers.... first time seeing your channel and I just wanna say Your incredibly awesome an very smart!! I love your positivity *need more ppl like you in the world!! Keep it up 💯🙏🏽😎 .... new sub over here!!
"change the color of the like button" is a pretty cool way of wording that! thanks for this awesome and super informative video. I've heard of some down payment assistance but this was the first video I have watched that explained it so well. Gives me hope and I guess I will see if I can qualify!
597.00 for help?!!? For your videos.. dang. Well poof my dreams for anything. .... Will already you could afford it. Nothing's obviously free. False advertising. Globe trotters still my favorite. Ur not on my top list. 😄
So grateful I never tore my ACL. Played college soccer. Seems everybody on my squad did! We were falling like swatted flies that whole season! Anyway, thanks for sharing!
Hey, another thing to look into is the Mortgage Credit Certificate Program (MCC), a program offered by the gov't through your county, where you get an annual federal tax credit of 15-20% (based on your county) of your mortgage interest, which reduces your federal tax liability, which in turn helps you qualify for a larger mortgage. The remaining 80-85% of your mortgage interest is still a federal tax deduction, which again, reduces your federal tax liability. It's worth looking into folks.
You really are a wealth of informative knowledge I appreciate. We are looking to move away from suburban life and move to a slower-paced rural area in Central Valley CA. I am a new subber to your channel. I plan on researching all options with your advice. What are your thoughts on 203k loans? I appreciate your videos. Angel from The Bay
I absolutely loved your content in this video. Your delivery, story, explanation, detailed information, and flow was the best I’ve ever seen in a video. This video was clear, interesting, informative and captivating. I’m definitely Subscribing to your channel and learning more from you. Thank you for not coming off as a sales woman or click bait, holding back on the key information.
This was a really good video for me. Tony the tiger actually. Lol. Getting ready to purchase my first multi family home (4 plex God willing). I figured instead of buying a home I could go multi family, have tenants pay mortgage,stack paper and then work my way up. I'm prepared and dedicated for and to this. It's been claimed. Thank you and I will def check the rest of ya videos.
