Most don’t understand how blessed we are that “average people” who are millionaires are now able to share info with us through YT. Ten years ago this wasn’t even common. Take advantage of these opportunities that are parents didn’t have!
Hey Chandler longtime viewer here, why would one choose to buy a rental property for a couple hundred dollars of cash flow per month rather than taking that $50k and starting a business that may generate thousands extra per month then getting that business self sufficient, rinse, and repeat?
Starting a business hard and requires a lot more skills then real estate. You don’t start with estate. Real estate is for when you already make good money from business or job
I had no intention to sell any of my properties until this artificial inflation came. Knowing a big crash is coming in the next year or so, I took advantage of the huge profits I could make and sold a few of them now. When prices drop, I'll have the capital (capitol?) to pick up many more than I sold.
@@ericcory2469 I was in a similar situation and sold one early 2022. I am considering selling my remaining rentals because of the inflated insurance, tax, and maintenance expense. Doesn't help me that my mortgage is fixed and (relatively) low interest rate if all my other expense jump up 30%, outpacing rent appreciation. I am not inclined to sell though; I hate selling assets and my remaining rentals have always performed well, though they are old enough to have significant maintenance expenses.
Man been struggling with this for awhile on my own rentals. I've run the numbers over and over and compared to the stock market, real estate just makes less money! People view real estate as a "safer" investment and it probably is. But you can find some really good dividend paying funds and high return mutual funds that make more and are no work whatsoever unlike a rental.
@@dougg4633 Oh yeah this comment didn't age well at all! Lol! Since this comment, I sold one of my rentals and put the money in the stock market right at the end of 2021. Well if you invest anything in the market, you know how 2022 went. Enough said. Dumbest mistake of my life and I really really wish I could have that house back with my 3.5% mortgage. Still kicking myself. Every. Single. Day.
Save your money, start looking at properties, get a conventional or FHA loan (either 3-5% down) , request to get 1-3% credits from seller and boom. Make sure you run the numbers before buying always, if the numbers dont make sense then investing in the property wont. Take your time, patience is key.
What if your tenant hasn't paid rent since December, which has forced me to take forbearance (yes I have reserves but figured why pay if my tenant isn't either). Tenant hasn't communicated with my PM at all, I'm out of state. My plan is to evict when possible and sell!
Dude... Your business model is clearly based on greed. What "Comfort at Night" does your tenants have struggling to put together the crazy after tax dollars you are asking which you don't need. By the way... I'm a Landlord too and I can't in good conscience charge more than I need. That's how I get "Comfort at Night".
Rents maximized! Look at their cars. They barely have a car - you waste money like a fool. You even want another $100 more. While you have millions in cars. When will something click in your brain???????
