How to Get Rich in Real Estate the RIGHT Way 

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

I'm new at this, please how can I reach her?

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

Could you kindly elaborate on the advisor's background and qualifications?

The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She's established.

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money...

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns...

Get to her .. .. .FinanciaI-PIanner Rebecca Mart-Watson (in fuII)

good stuff,deserves all attention.

One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.

It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.

@@LionTowercoporation would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.

Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@@LionTowercoporation Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@@rachealhubert74 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@rachealhubert74 I will give this a look, thanks a bunch for sharing.

Queen are you debt free? No mortgage, car payments, etc? Why is your savings dwindling? Wish you the best in 2024.

Want a change for better? do not vote Demo this Nov 2024. This current govt does NOT represent usa anymore, Theyve sold us out and protect only their greedy rich selves and snobbish rich kids with bad habits.

Aaaaqqq1

I think his knowledge is probably outdated. Houses aren’t 7k anymore

@@damionwatson1366 its the least risky option at the expense of much lower returns on capital or never investing at all. Knowing how to prepare for and control risk are key. Buying real estate with cash is a staying wealthy move, not a getting wealthy move.

😮

I’m not sure if you guys actually listen to what he is saying… get a mortgage that you can handle …. Pay off mortgage… be disciplined… pay cash for first rental because you are disciplined…. Then you have steady cash flow with way less risk and it all the cash comes to you and not to mention the thousands and thousands of dollars saved by not paying to the bank.

@@marcuspezzotti9436 Im listening and understand 100%. I also understand how long it would take for a person with an average salary to buy a property cash in most markets. Maybe never in areas where property value appreciation exceeds the rate in which someone can save. Sure, paying cash is the safest way to own real estate, but it still carries risk. It should cash flow very well when paid in cash but also look at the total return on capital. In most cases it will be lower than a stock market index fund that requires no hands on management. What upsets me is Dave gives blanket advice to everyone. Its neither right or wrong but very nuianced. Again Dave got burned being highly leveraged while not using long term fixed rate debt. That doesnt mean the right answer is 100% opposite of that. Zero leverage real estate isnt a great wealth builder. The part that many of Daves followers dont understand is that he didnt get incredibly wealthy from non leveraged real estate and mutual funds. He made an incredible amount of money in business. He preserves his money in those assets. Who cares about returns when you have financial freedom many times over? He does a poor job explaining wealth creation vs preservation. Again, I respect Dave but you also have to understand his advice is geared towards people that have had poor money habits. Be honest with yourself. If you are highly compitent and know how to manage risk you can afford to take on some risk. If you have terrible habits and dont understand money well you need to keep things simple and very low risk.

The time to get involved in the market was from 2010 to 2018. Prices, interest rates, and inflation rates were low. To try to get involved in the market now is insane.

Things are only going to get worse. 😐

You can also be very selective in who you rent to because you aren't nervous about filling it.

​@@jerrywilliamson2040 Even being selective isn't fool proof. Many people during the pandemic lost their jobs, good hard working dependable people, that out of nowhere couldn't make their rent payments.

I get the element of minimising risk, and that Dave has suffered at the hands of it, but its also a huge opportunity missed on leveraging the debt Dave has this huge income from the Ramsey show and everything else he does, so it's easy enough for him to have such a substantial debt-free portfolio. Let's say i was in a position to put aside £1000/month towards a rental (which I think is more than most). How long will that take for me to buy a £80,000 house with cash? Including fees and refurbishment cost, it would take about 90 months (7.5 years!) And there's a very good chance that same house will be worth about 120k by the time the 7.5 years elapse!! Instead, I could save for 2.5 years to make up ~30k, get a mortgage on it, have inflation erode the debt and start making an income...and thats not even considering raising finance etc.

She’s incredibly annoying. She thinks she has to be heard at all times. He needs to remove her from the show. She is annoying.

@@frederickalexandermeade4054are you okay?

​@frederickalexandermeade4054 I couldn't agree with you more. Probably the most annoying staff member he has.

I like her, I think she adds good points. Of course Dave is going to talk more, its his show, she is like a sidekick.

Same I’m 20 this is great to hear especially when everyone’s getting rich off selling shit corses an becoming “profitable” day traders 😂

@@user-yu1ve9oe5n I am 8 years old and this really hits hard

And me too in my early 5th floor

That’s awesome . Congratulations . Would you mind sharing how you went about to acquire those your rentals . Thank you

I wonder what Dave Ramsey would say about my investment strategies. "Just stupid!" 😅 0 down VA loans, rehab and rent the home after living there a year. Have 2 properties renting out, 6 doors. Combined, my husband and I are in debt over 1 million including our current primary. But we can put 5k in savings every month and we are in our 20s. I have mixed feelings on the Dave Ramsey method. bigger pockets podcast is where I pick up a lot of real estate investing methods.

Home prices will come down eventually, but for now, it is best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now it's best you seek an independent advisor who knows about the financial market.

I can relate to that. When I began working with a fiduciary financial counselor, my advantages were certain in these circumstances, I would always advise getting professional help so they could help you through choppy markets and just give indicators and strategies for knowing when to enter and exit the market.

Impressive can you share more info?

"Bianca Harley Doran" I'd suggest you research her further on your browser.

Very much appreciated, I ran a Google search and came across her Website. Thank you for sharing.

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.

wanted to trade, but I got discouraged with the market price fluctuations

Can you recommend a guide for me?

How's He contacted. I really need his assistance

May I ask how you managed to save up to buy a house in cash? normal houses are 250,000 now and that would take me years to save up to hit.

We just bought a house cash for 100k in buffalo ny. 3 unit. Needs 25k in renovation that we will do. We were able to save up because we paid off our mortgage as fast as we could. Takes alot of dedication.

TRUMP?

@@RayNagin504 ya mama

8:40 Uncle G. 😂

Sebastian i have a direct mandate to investors whom seeks possible funding and capital financing, for new business opportunities real estate and projects. 0:01

Yes, combined with living far below your means.

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, I am proposing cashing in, walking away and renting while putting the rest in the stock market.

Just because there are opportunities in the other markets does not mean you should dive in headfirst, if you're unsure if to remain in the housing market i suggest you consult a professional just like i did before making any move, That's how i've been able to stay afloat for almost 5 years with proper portfolio allocation earning about $1m in investment returns

@amandabellz4056 wow!! massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your CFP please, if you don’t mind me asking? in dire need of asset allocation

Can't divulge much but 'Monica Selena Park' deserves credit for my investing success as one of the finest financial planners out there, you should be able to locate her online if you are internet-savvy

thanks for sharing, after scrolling a bit i spotted her site just after curiously inputting her full name on my browser, she replied to my inquiry and we were able to schedule for an introductory business call. I find her highly qualified

So we are talking pay all cash and not taking out a loan for purchasing a home to flip or rent?

@@SamParrr aka i am a scammer!

Christopher i have a direct mandate to investors whom seeks possible funding and capital financing, for new business opportunities real estate and projects. 0:01

What’s your advice for 2 18 year olds with about $10k looking to invest or start in this business? Or is it more so You have to save up $100,000 of dollars then you can start investing ?

That’s challenging. First u have to find a house at a super great price. Next do u two have the skills to rehab an entire house.

@@Johnside._ well it’s challenging to find a house at that price. If u do find a house at $10k do u have the skill set to rehab. Far as saving $100,000 would be nice but not necessary. If you’re serious about real estate work a good job or two jobs and build your credit. I was fortunate enough to have a good job after college that positioned me to buy houses.

@@champjohnson8614Hi. I have 110k in cash that I saved over the years from my 9-to-5 job and living with parents to save money. I’m ready to invest. Do you have any advice? I want to come out making money so I can keep it going and am having analysis paralysis. I don’t want to buy a house and be a slave to the house, I want to make money with this money first. It’d love your take on it.

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

Thanks to Mrs Maria Davis.

She's a licensed broker here in the states

YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

Right! I should've dropped out of high school and did investments

Love this! Investing should be and is simple and sets us up so well for the future!

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?@@Yiannise42

Hahahhhaa you can't. You'd be a fool to buy property in any Aus capital city.

Augustus i have a direct mandate to investors whom seeks possible funding and capital financing, for new business opportunities and projects. 0:01

I agree with you in this one, i used to own real estate and still do, my house is paid off. Even if I said all of my money up to this point, is still would not have saved enough cash to buy my own house now for cash. Second, I do not believe for one second that Dave did not use loans. It's financially and physically impossible for Dave to save that cash after going bankrupt. Dave always claims that he own hundreds of millions of dollars worth of real estate. Let's do some numbers. Let's say that Dave owns 100 million dollars in paid off real estate. That means that after he went bankrupt, for the last 40 years he would have to be making $1,200 dollars an hour and saved every penny for the past 40 years. I don't know a single person right now who is not a billionaire that makes $1,200 an hour. I am not saying Dave doesn't own the real estate and that he doesn't know what he is talking about but he is not giving a full story. I to would like to hear that story and those numbers.

@@NoName-jm4ev What Dave conveniently "forgets" to mention is that he has hundreds of millions of dollars of real estate which he bought by selling a billion books and operating a multi-billion dollar company. There is no way a regular John Doe is going to save a million dollars a MONTH and accumulate several hundred million dollars of paid off real estate.

I can answer part of your question. He started making money from the radio after he went broke and doing debt free seminars and then that grew to him writing books and creating the company around financial peace

Sounds Ike you don't know what your talking about

@@TheMrPorterwhy would you ever sell a rental property??? Literally no reason to ever sell a perfectly good property that is cash flowing each month

You’re right! Just save 150-200k in the bank then dive in to rental properties. Lmao so real estate investing is only for the Uber rich? Got it

@@hi-fd8eqto 1031 exchange it into a higher valued property that cash flows higher as well silly.

Your tenants give you the rent. Then you should dump rhe rent onto the principal of the loan...that shrinks the horizon of full payoff considerably. But if you paid cash for rhe rental property, $ just stacks up, unhindered, except for nasty property taxes

@@Blessed-Beautiful - thank you for your reply! That is very good information you provided. A friend of mine who has done a dozen rentals told me that if I am not paying all cash for a single family home, thus meaning I will have a loan, then I need to put down a minimum of 15% of the purchase price. So for a single family home priced at $250,000, that would be at least $37,500 down. On top of that, he told me that if I cannot pay cash for repairs to get the home fixed up, then there is no way I should be pursuing a rental until I can cover the down payment and repairs with cash. Thoughts?

@@Blessed-Beautiful - Regarding fix and re-sell (flip), I have done several using only the equity in my primary residence for buying the single family home and doing repairs. I managed a modest profit on the homes I did, but the last one I did ended up being a small loss, because repairs were more than I anticipated and I was not able to sell the home at the price I thought I would get for it when I was analyzing the deal. All that said, my experience with doing a flip is that using the equity in my house is a very risky to foolish option for the purchase and repairs unless you truly pin down a low purchase price, know the repairs, and know the re-sell price. Thoughts?

He answers this in another video, forgot the title. He admits the first house was slow. He used his income put it into an index fund grew it and paid cash. Now he had a rental with no debt and all the income earned minus just expenses went towards buying his second much faster. With an even bigger cash flow buying the 3rd and on become so much easier and faster. He called it the purchasing snowball (the debt snowball in reverse). He said going debt route gets you in fast but has slow growth, his way gets you in slow but has fast growth. Compare someone who has 10million in assets but is 8million in debt to his way with 3million in assets and no debt. 2nd person wins and is in a better position to expand, the first is highly leveraged and is more at the mercy of the market on whether that leverage works for or against them

I think Dave as a younger man sold illegal something… maybe white collar crimes, lol

Read his books

Stacking money

​@yeah thats how he made his money from selling his books lol

This is one of the most powerful comments ever posted. It will go over the heads of many!!!!

Certain stocks and commodities are a good hedge against inflation, however you need to know what the heck you're doing or better still, seek help from a money coach/invt-advisor.

Concurred. was way easier for me to navigate the markets not until 2020 stock market crash, I had to source for a portfolio-coach to revamp my entire portfolio and hedge against inflation. Concisely, I’ve pulled off around $850k after subsequent investments, since using a coach two years and counting.

This is huge can you be kind enough with info on the coach that guides you please? I’m in dire need of one as I approach retirement

I take guidance from Monica Mary Strigle, you can search the internet for her basic info. She is often consulted via her site online.

Thanks for saving me hours of researching, I curiously looked up Monica Mary Strigle on my browser and come across her website, I hope I can allows interview Monica myself.

Certain stocks and commodities are a good hedge againts inflation, however you need to know what exactly you're doing or better still, seek help from a money coach/invt- adviso

I want to be financially free, I have 3 jobs and I'm struggling to pay bills along with my moms medical bills. I heard about forex a little while ago and was really interested and wanted to get into for the longest but I never had someone who could help. Can I get your coach contact? I'm in need of an assistance

​@kathynora-xu9stHOW!! I know it's possible, I would appreciate it you show me how to go about it

I'm also a living testimony. Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms i will always stay invested as her methods alone with keeping investors in touch with their strategies and outlooks are something that so few managers are capable of and they should follow suit

CAMILLE ANNE HECTOR is the key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar weekly.

How do you differentiate between good and bad tenants? Do you have a specific method for filtering potential tenants?

@@naughtywizard the ones who don’t pay are bad ones

@@jaredmartin3798 I’m asking how you would determine that before you sign them

that’s where a good property manager comes in. they will do checks on your behalf.@@naughtywizard

​@@jaredmartin3798lol! That's a sure sign

It’s only good if u plan on living in that house,property 10 years or 30. I’ve bought house,life insurance but lived in condo for 4 years n had to cancel policy since I sold condo. It’s a good policy to have tho.

If you can't afford the mortgage on a single income then you shouldn't have it.

That kind of thinking is victim mentality. You avoid debt, pay off debt, scrounge and save. The only debt you take is a house mortgage, which you pay off as quick as possible. It works. 2 things. You need to live within your means as much as possible. And you need to increase your income over time with better jobs and skills. It's not easy- but over time it works

John i have a direct mandate to investors whom seeks possible funding and capital financing, for new business opportunities real estate and projects. 0:01

Don’t file bankruptcy,just either settle debts or just let it hit collections for 7 years n start over in 8 years n build credit,savings etc. I also paid credit repair company around $500 bucks but worth every penny. They settled or deleted old delinquent CC accounts n my credit score now still 714. 2016 to now 2023/24 soon. It works,I’m so glad I didn’t file bankruptcy. Call a debt consolidation CC company at least.

@@SamParrr I’m totally gonna check it out.