Investing in Real Estate VS. Magic The Gathering 

missed the word giant

I was going to write it too! Hahahahha

It is illegal and immoral to do this lol

Agreed.

The student debt crisis tells you all you need to know about financial knowledge in college haha

college is for timmys and fools.

I can attest that that is 100% true

Rudy doesn't age. He has a balanced diet of alpha rares to keep him young.

the older you get the more arbitrary the number are

Just use time walk every now and then.

Dude been casting Time Reversal

He's not wearing pants. He's super serious!

true but he needs a monocle on top of that to realy atract the big dogs

He needs a EDH deck box cod piece with "add this to the stack" written along the length of it. :^)

and a solar powered calculator

I'm 17 myself. I'll definantly be listening to his adivce. Always entertaining to learn from Rudy

In my personal experience Rudy said a lot of things that are true, but glazed over (maybe in part to avoid any legal ramifications no matter how small or unlikely) some very important parts in the MTV vs Real estate. Mainly how much taxes and insurance cut into your profits. Also with him being in Florida I can understand why he doesn't talk about owning and renting/selling farm land. As well as how different time feels vs looking back/forward. IE getting ~$600 a month (-taxes and stuff) = $200-300 profit a month on a 30K (or so) investment is almost 12% ROI a year, but in the moment the extra ~$250 looks a lot more promising to buy some sealed product and store it away instead of saving for years and years to go for that second home; that you have to find renters and are not getting a homestead exception, because your not living there. Or maybe your in a state with close to 0% property tax, so that doesn't really matter for you. With things like MTG sealed product (or even sliver/gold and to a lesser extent stocks/bonds) you can just buy it and not have to worry about upkeep. I think overall Real estate is the way to go, but it has a much higher point of entry and more of a chance to get hosed in the form of people not paying rent, ect.

Mjr Burn Not spending it on shit like $1,000 phones every year would be a great first step. Alas, noone ever takes that first step.

@@lotoex Rudy gives long strokes and ideas to research, that's all there really is to it. Not any ground-breaking stuff or specifics but things to look into for yourself.

Hey less competition for the rest of us 😎

He is. He is just in the basement. They removed the door and filled in the hole with concrete for everyone's protection.

He’s discussing generational wealth too. So bequeath it upon family and offspring and grand children to give them a major boost in life.

Your very own San Francisco apartment for just a million dollars! Thank you zoning laws! 😒

Same

@Dober Mann I treat college like 7-up. I never have, i never will.

@Dober Mann I bought my house at 22 and paid it off at 26. However the most expensive home for sale in my 60K pop town is 749K. The house is 9,107 square feet built in 1997 with 5 bedrooms 4 bathrooms. 275K will get you Bedrooms:5 Bathrooms:3 Total Square Feet: 4136 Year Built:1990. However if your a normal person I would go with the Bedrooms:3 Bathrooms:2 Total Square Feet:1497 Year Built:1895 for 40K. So even if you had just an average almost full time job at 18, by the time you where in your mid 20s you could be a good bit of a way to paying off that 40K. Even more so if all your other friends want to pay you like 200-300 a month to move out of their parents house and you have 2 spare bedrooms :p. It's amazing how far an extra 7,200 a year for 4 years will go to pay off 40K. So the reality is that you will most likely have to move and get a job that doesn't pay as much, but the cost of living is so much lower that it is a net positive.

rudy, you need to sell pink visors with alpha investments logos on them, who wouldnt buy one?

we dont have carpet and im happy about it. it's really more trouble than its worth and rugs are easier to manage

Lol, I thought the exact thing when he brought up carpet.

LVP ftw! Throw some area rugs down and you're good to go! If they trash em, roll em up, deduct from the security deposit, and buy new ones.

Though I find your comment funny and probably exactly what would happen, he did give the caveat that you have to be extremely careful with it.

Yes he did. He has also said in different videos to make sure your household is in order before you invest in anything really risky. I still don't understand how he calculates +$1,000 cash flow on rental house #1 in a scenario where he owes $100K on the HELOC. Is he not paying down the HELOC balance?!

@@clarkjansen2048 , To me it would make better sense to sell the house for 300k at MV(market value), and then buy the two 150k houses and rent them out (you owe nothing to a bank). Not much of a get rich scheme, but it would pay your bills. Assuming you rent both houses out at $750 a piece or more and break Rudy's rule of not selling your property. Also following Rudy's logic is that houses are only going to continue increasing in value over time. Having more houses would possibly??? be more profitable in the long term??? If you want to be daring take the 300k you sold the house for and invest it into a lot of houses only paying 20% down. 20% on a 300k house is 60k, so you can buy 5 houses roughly equal to the first house and no breaking the laws. It only requires you to break Rudy's weird rule of not selling property and clinging to it like it's a love pillow. I'm only guessing this will work??? There's probably laws against taking out numerous mortgages??? I have no idea??? If this works: 5 houses worth 300k at rent around $1,500 a month $5,000 a month total on mortgages $2,500 a month leftover I wouldn't do any of this, but I'm a poor person not in any debt and also a bottom feeder as Rudy has called us peasants who turn the clogs to Rudy's credit card schemes...

@@clarkjansen2048 I believe it was take off $500 for taxes and repairs and such and then pocket the $1000. I would use that $1000 toward the mortgage of another rental property I think. Say it's $800. then you are only netting $200 from the original but then you can keep all of the second property money especially if it is a multi unit.

@capn D: I can get behind a plan where you stay debt free. Own two paid for rentals and rent yourself. I just don't see the appeal of giving your money away to banks as you pay interest on loans. The fastest way to wealth is to not give your money away and be debt free.

Rudy does this non-sexy tedious investment work because it pays very well in the long run. Ultimately, he wants that financial freedom you can only get through business success. He's an entrepreneur.