COMMON MISTAKES people make when GETTING INTO REAL ESTATE | Patreon Exclusive
Added 2021-08-06 00:49:28 +0000 UTCThis video is a Patreon exclusive and NOT TO BE SHARED. I appreciate you all. If you have any questions, please reach out to me.
Comments
Man ! Keep coming with all this info my guy !
Xavier muckelvaney
2023-04-15 19:37:06 +0000 UTCI wish I could have gotten this information before I had bought my first house. This would have saved me a ton of problems.
Chris Mitchell
2022-08-09 17:26:13 +0000 UTCReally good insights. I "rushed" into my desk as you put it, luckily it worked out in my favor. I am paying a little PMI (it's down since I refinanced), but my house hack is cashflowing and I'm applying a little extra towards the principal.
Raymond Brown
2021-09-12 22:18:34 +0000 UTCI appreciate this, this is a great framework to start from. I'm telling my brothers to join before the 1st so they can get this game start from the informed source. Lets Go!!!!!!
Brooklyn Wayne
2021-08-30 16:07:13 +0000 UTCLincoln, given those distributions come to the owner post tax, they are deemed as income. You will write off all mortgage interest, but additional payments to principle are not included in that formula for tax purposes. You get write offs on depreciation, expenses to include (bills / mileage) etc.
L.T.
2021-08-19 12:51:58 +0000 UTCEmergency funds are SO valuable in this regard. Irrespective of whatever business venture you engage in, establish your reserves to mitigate risk FIRST. I had the same thing happen to me and my EF came to the rescue.
L.T.
2021-08-19 12:46:38 +0000 UTCI’m reading Brandon Turner books. His books are phenomenal
Michael Thompson II
2021-08-18 02:21:36 +0000 UTCEverything said is true. I wholesale RE and I'm a landlord as well. Always do your due diligence when it comes to RE. In RE, you make your money when you BUY.
Josh Hardy
2021-08-17 17:56:59 +0000 UTCWhat real estate investment books do are you guys reading?
Ari L
2021-08-16 14:54:24 +0000 UTCAnd those who flip wisely. There's still money to be made out there.
Natasha Vincent
2021-08-13 17:56:46 +0000 UTCThat happens with me and clothes I be buying super early cuz I fear I might miss out. But months go past and I find something better or that item is like 50 percent off now. But I bought it at full price.lool
The BucketMan J
2021-08-13 17:41:13 +0000 UTCAppreciate this knowledge
J Rice
2021-08-13 15:05:05 +0000 UTCThanks for the knowledge! Much appreciated. I’ll continue to hold off; pay off debt and get to the bag!
Preston Parker
2021-08-10 20:44:05 +0000 UTCAs a realtor and investor I agree with EVERYTHING you said. I rushed into my first investment deal and it nearly took me out. I'm grateful I was able to sell it but I'm holding out like you right now. The only people really making money right now are landlords liquidating their properties because they don't need somewhere to live.
Shannon Barton
2021-08-10 11:05:20 +0000 UTCGreat video with lots of info! My mom is a Real Estate Agent and echoed a lot of the things you mentioned. Patience especially during the times that we're living in is key.
Tara G
2021-08-08 16:58:54 +0000 UTCSo if you're putting all of the overage from the rent payment on the actual note, can you write that off in your taxes or does it still count as income.
Lincoln Ward
2021-08-07 18:15:35 +0000 UTC@Mikhail Andrade that is so true and that is why you need your own inspector or a trusted one.
DJ Troy
2021-08-06 21:43:50 +0000 UTCLots of gems in this one. One thing to add is that you need to have trusted inspectors that are not vested in pushing the process forward at your expense. A lot of RE agents have "their guy", but you need an inspector that will tear apart the house and point out every potential code violation... On my first property I spent thousands fixing numerous issues (carport too close to the street, electrical panel ground, etc.) that an inspector should have caught.
Mikhail Andrade
2021-08-06 21:35:58 +0000 UTCGreat Video! I am here in NYC and prices are through the roof.
DJ Troy
2021-08-06 21:32:17 +0000 UTCAs someone that is currently looking to buy my first home. I really see these issues in this current market.
Antwaiyn Smalls
2021-08-06 11:34:33 +0000 UTC
