*I had problem comprehending trading in general. I tried watching other RU-vid trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
I’m closing in on retirement and I'd love to move from Minnesota to a warmer climate, but home prices seems ridiculous today, do I go ahead with buying a house anyways, or look at other sectors of the market as of now?
consider talking to a well-experienced advisor about which sectors of the market to focus your portfolio on, diversification is actually key to good investing.
Agreed, amid covid-19 outbreak, I simply adopted the service of a certified financial planner instead of panic, and thankfully, I've accrued nearly $1m ROI after subsequent investments to date, marking my most significant financial milestone
I take guidance from a Montana-based advisor ''Katherine Nance Dietz'' To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you for the lead. I just searched Katherine by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
Your real estate journey is truly inspiring! I loved how you shared your early struggles and eventual success in building a substantial real estate portfolio. It's a great reminder of the power of long-term investing and strategic property management. This video was so motivating! I enjoyed hearing about how you transformed your first property and strategically grew your real estate portfolio over the years. It's a testament to the benefits of investing in real estate for long-term financial security.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
If houses are paid off it will introduce new risk-people cam sue you and get money out if they win. I heard it is always best to have debt of properties.
Hi Thach thank you so much for this video it is so empowering as usual. I need some of your advice please. I just bought my first property a 3 bedroom 1 Bath single family home. The basement is unfinished. After checking I need about CAD $90000 to finish it and have another 3 beds one bath for rental. I do not have this cash, however I have a personal credit card and line off credit close to that amount. My question is, would you advise someone to use personal credit to finish off his basement for rental? I will be living with my family upstairs. Thank you
A conventional loan. Usually, you need more down, but it depends on many factors like what bank is loaning you money, your credit score. Talk to a realtor in your state. They’re free to talk to. When it comes to loans talk to a mortgage loan originator. You can get these usually through your realtor.
Hey Thach, I am a college student and have a decent job lined up. How would you recommend for people like me to get into this business because entry job won’t leave me time to go flip houses. Thx!
Thach! I love it. I got a Property that I've been sitting on for 20 years. Now I got an ADU build planned to build in the near future... I kinda got the same good problem....
I liked your thought process. however from last 20 years you have paid lot of money on mortgage, maintenance, repairs, vacancy ,property taxes although you got rent, depreciation , inflation. How much ROI you ended up. It looks to me from 249k+45k to 700k now. The profit of400k is not justified considering inflation, expenses and all such factors. you might have spent close to current value
The tenants paid off the mortgage, he now has $3500/mo for the rest of his life. The $700k is just if he were to sell now. Cost of homes (especially in Seattle) will just continue to rise. He can now also leverage the $700k in equity to buy more real estate.
Thach is nice enough to not raise the rent and force the tenant out, to rehab this house and get more rent. Many landlords are not as nice, especially with the basement being high enough to add rooms.
Hey Thach, I've been in the real estate business for 3 years and we served 850+ clients. We completely automate client acquisition for real estate agent with AI infrastructures. Are u open for a collaboration?
Thanks for the video. What if I keep moving from state to state for my tech job. Do u suggest to keep buying in my current city or future city ? I am stuck in their indecision on where to buy . I don't want to buy in my city and then move next year for a new tech job
How do I buy a rental property to rent out without saying it’s my second home? I own one now in Vegas as our primary residence. Did fha. I would like to buy another one to rent out but stay in ours. Does that make sense?
Reach out to a bank but you’ll likely have to give a bigger deposit.. or if you can. Refinance your FHA to a conventional If possible. If you have equity and already own more than 20% it’s possible. Then get an fha on a second home and live there for a year. Rent out your current home
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"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, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such taskRead more
@@AlfredStephen127 It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@@DirkChristian-w2e There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Claire Robert's Durand for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@BrandonRichards21 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
