The big money is DEFINITELY made in real estate investing if you do it right, serhant just wants to promote and recruit agents onto his team… so of course this is gonna be his answer lol
Yes so right as an agent I don’t wanna be an agent all my life running around calling showing houses no I wanna be the one on the other side but you can’t unless you do the big boy transactions I applaud your comment Jason
You can do both. When you have an uncalled income & you're on the front line for real estate opportunities then you have a great combo to find great investments.
Brokerage is essentially risk free if you are an ethical person, that can follow timelines, understand your paperwork, and get people into and out of property. Not a scam.
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Horrible recommendation. Dirty secret in real estate duplexes, triplexes, and quads have huge turnover rates. Frankly most of the tenants in those hate those situations and are just waiting to move out ASAP. Stick to 3-4 Single Family Houses or single residences to rent out and stay away from what the guy above is talking about.
Can’t wait for real estate agents to be a thing of the past. Nobody benefits from them. Just like car salesmen. Sales as a whole needs to and will be gone thanks to AI. Sales ppl provide little value and cost both the buyer and seller a lot of $.
kind of , if you’ve been on tiktok you’ve seen how ppl put out signs saying @we buy houses “ they basically find someone interested in buying a home , then they report it to the owner or real estate investor , and they say hey i have someone who wants to purchase this house , you give me 10k out of what you make and i’ll send you the buyer , that’s not exactly how it goes but very similiar and i think that’s what he’s getting at , you basically get paid to be a middle man
@@ThomasMooney-mw2eg you find people with crap houses. Offer them money, then sell the contract for higher. If you can’t sell the contract you are obligated to buy it yourself. Bad idea honestly.
get a company that operates on crypto cloud mining and get a two-monthly contract with them. that's how i made $1m in one year. and i dived into real estate last year
There is always someone that is worst than you are, you could cry all night, or caught up to them. In the end you have resilience, persistence, confidence... there is a trade off for everything, I just about how you look at it.
Having wealthy parents is no guarantee of success. Most of the time they won't give you a dime because they want you to make it on your own and you still have to do the hard work just like anybody else starting out with nothing. You are using having wealthy parents as a roadblock to being successful.
@@paolo1616 agreed - there are points in life where time has to be sold for money to start off. Both are important commodities- however, there is no fiscal value on time.
@@Jason-kv7cmit's very true. If they knew anything about investing they wouldn't be selling anymore 😂😂😂 Selling real estate is nothing but sales Owning and investing is an actual business..
Here in Florida, you have to be an agent under a broker for two years before you can take test and license as a broker. Once you are a broker, then you can be a property manager. Property management can pay the bills while brokering makes the money.
Agree I started investing before the pandemic and I learned everything from RU-vid and just going out there and doing it. Being very very meticulous with the numbers and as of today I own 22 doors and stopped my 9-5 job about a year ago 🙏🏽🙏🏽 definitely investing is were you can make the most money.
While you're out there watching his videos making comments about his bracelets, he's making millions upon millions of dollars and you're helping him. I guess the bracelets are working.
Wait until u find out about car dealerships brokers, furniture store sellers, TV sellers, suppliers sellers on any area in your logic they're doing "nothing" 😂 but real busy people would fall apart without them, and most of buyers won't find a good deal but a mediocre one, that if they're lucky and not get scammed
It’s all a risk in real estate, you just have to know your tolerance level and be committed to the industry. And know your ‘why’ and stick to it! Real estate is a long term play..
Everyone’s situation is different. You can’t blanket statement that answer. If your goal is to make $1MM in RE, take a look at your situation, find someone who used to be in a similar situation (who is growing toward a similar goal) and follow them.
One of the key things ive learned studying wealth building, you cant get time back but you can always make mmoney back. Easy to do? No mot by a long shot but possible umlike regaining you lost time which is impossible.
Accumulating $1 million takes a lot of skill. I would always recommend getting into RE and shares in this case as you are not likely to f up. The problem with time is that you cannot get it back. LOSING TIME IS WAY WORSE THAN LOSING MONEY.
You’re an idiot. If you have no skills to acquire money then you must sacrifice time in order to have enough volume of activity to get an expert level of skills to be able to make money. If you’re getting paid minimum wage, your time is worth basically nothing because you have no skills.
You're no "losing time" you're networking, knowing the market, knowing people you never "lose your time" unless you're trying to hit a "btc deal" or trying to hit a bet, not doing real estate transactions as a real estate broker, btw you can't buy real estate without any money at the beginning, that's what he means, you can get money just with your time rather than with money and time in any other business, u sell an average price home and u get your $15k, 20k check, just with a single transaction, if you sell a high end one u get a yearly wage in a day, Ryan sold a penthouse not so long ago and he got between $1.5million and 3.15 million, just a single transaction without any risk of his capital, brokerage are amazing
@israelmorales8048 Yeah, amazingly parasitic. They add no real value. I just hire a lawyer to check the deal and draw up the contract. I'll never pay a commission to a useless agent or broker (and yes they are completely useless, lol)
Umm you have to be an agent for 3 years before getting your brokerage license and then start a brokerage which needs a physical location and does have overhead. I’m not saying that’s not a great job but it’s not a first step.
Guys notice he said do no go IMMIDIETLY into real estate investing and this is 100% true. Starting off as the middle man will allow to grow and learn. See what mistakes others make at no risk to you so when you DO go in you can have more confidence and knowledge and are more likely to be successful with it rather than jumping right into it swinging your cash around like an idiot on a property you THINK is good when you have no real experience.
Trash advice its like saying don't be youtube be the guy making pennies on the platform hoping his video goes viral. Take that tax return you get every year from your 35 kid deduction and buy property. Then take out a helioc loan and buy another property, then rinse, and repeat. 401ks make you a slave to a company & tied to the craziest riskiest gamblers you ever met.
@@jbatts834 It's better advice than what this vampire is suggesting. And no we've never had a mortgage crisis every 5-7 years in the country period. Since when does putting up collateral against debt hurt the economy? Go back to school rookie. We have however seen banks and companies too big to fail be bail out countless times 😆.
Yeah I definitely invested to early. Made a littler over $100k my first year in real estate, second year me and my “friend” got together and were like we need properties now!!! And here I am in year 3 just watching the rest of my money dwindled away each month. If I’m lucky I have until the end of July to survive
So he’s saying don’t be an investor get another job. That’s like saying instead of investing in tech companies go be a software engineer. Two totally different things.
If you’re a resi-real estate agent just starting out most aren’t going to be brokering sales on million dollar homes…that market is highly saturated. If you’re going to be a broker…broker the financing, and preferably broker financing for commercial deals.
For a really successful and smart guy he just said one of the dumbest things “brokerage is no risk, it’s just your time”- wtf…my time is my most valuable asset. I would think it’s everyone’s.
@@demonkingofthe6thheaven wholesaling is when you just buy a property and connect a buyer at a higher price than you found it for. That's a scam. If you are talking about doing a fixer upper that's renovating houses which is okay
@@smallbeans101 scam means there’s fraud, a wholesaling itself is not a scam although I’m sure there’s some scammers within the industry. I also know flippers who seek out wholesalers to buy property because they tend to find better deals then what’s on market
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Another reason it's less likely to happen that way is that there is already too much demand waiting to absorb that regardless of how everyone is panicking and calling the crash. Nobody was making this prediction in 2008, at least not the general public, as I indicated below. In the other comment, it was mentioned that the ownership rate peaked in 2004. As of today, we are at the median level, having previously peaked in the second quarter of 2020. It decreased by 3% over 4 years, from 2008 to 2012, going from 68 to 65 in the second quarter of 2020.
A great many people can't deal with a fall since they are acclimated with positively trending markets, yet on the off chance that you know where to look and how to get around, you can benefit liberally. It relies upon your entrance and leave system.
This is not just for real estate, If uou go into any line of work with the mindset of getting rich quickly, you will get burnt. Get rid of that gambling mindset, work your way through to your goals, otherwise even if you got rich easily, it will make you feel empty.
