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Deals on Wheels - where can I find this book for a normal price??! $45 used for 200 pgs. is the cheapest I could find. From there, it jumps to $160, $250 and on up! My libraries, nor it’s affiliates carry it. The authors website is down OR I have to be a member for $300 or something like that. Can I borrow your copy? (I’m reading his 2nd book on Kindle)
Ответить💎💎💎🔥🔥🔥
Ответить*Stability of an asset explained to equity investors
*Emphasize downside protection to debt investor: worst case-scenario, still a profitable outcome for a lender? (magaliti: multiple current offers indicating high mkt price / offering high wholesaling commission, desirability.
*Communication ability = most important personal skill
How is that possible? The seller who needs money, borrow you 1 mil $ to buy his property.. I don't get it.🤔 Please illuminate me!
Ответитьnot fully understanding the "can get started with not having the capital to begin with". I get you can finance, but don't you have to have at least little equity or capital in order to pay off your first few months of the debt? it's not like you will be able to get cash flow right away from your property. Can someone please explain?
ОтветитьI absolutely LOVE Ben Makkah. He is such an awesome dude who is very successful in real estate.
ОтветитьI don’t know about these guys, something’s fishy about them 🤔. They’re making it sound easier than it is.
ОтветитьCommercial real estate is in a 40-60% decline nationwide. He may be making money now, but he could easily get wiped out to negative.
ОтветитьIm sorry but its things like this that drive up prices for places to stay nationwide and leave mom and pop sleeping in their car. A long time ago you could rent a 3 bedroom for $900 a month. Now its $3,000 per month. News alert! Income has not tripled in that same time period. Even worse the cost of living has gone up due to crushing inflation. At $50,000 a year I cannot afford to buy my own home, which is sad. We need to change the tax laws so 1-4 family homes are off limits to "investors".
ОтветитьYoung. No equity. No capital. Nothing to lose if they go broke since they were pretty much broke already.
ОтветитьTheir "success" = terrible for everyone else. What giant POS these guys are.
Ответитьthat boy is very smart and focused
ОтветитьYou guys bought the Robin Hood in Union? Great property, good numbers! Kudos!
ОтветитьSo just buy everything? With the owners money? How do you get a place from an owner that doesn't want to sell? So many things were just breezed over
Ответитьhmmm well done but, seller financing comes with extra risk imo. Not hating, they are doing extremely well. I would rather own my properties outright. To each their own.
ОтветитьCorrection: Ben Mallah promotes selling your deals and tax differing the profits by rolling over it into a different property of equal or great value (1031 exchange). He does promote cash out refinancing if after running your numbers you make a 9% or more cap rate, because you never sold you do not get taxed on the proceeds of this event.
ОтветитьThe best real estate video I have ever seen!
ОтветитьGreat episode these guys are very generous with their knowledge great interviewing also
ОтветитьWhen white it’s so easy. When black gather to do the same…panic! Nothing special here but being favoured…
ОтветитьUnfortunately, interest is against my religion, Islam. So this strategy which involved 12% interest on the debt cannot work for me. Nonetheless this was very interesting insight
ОтветитьThis is so insightful and inspiring! I actually want to get into Real Estate now.
ОтветитьAt 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month,It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by VRI TOKEN lol, i didn't made it myself
ОтветитьCredit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by VRI TOKEN
ОтветитьVERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but VRI TOKEN info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
ОтветитьCredit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by VRI TOKEN
ОтветитьGotta spread some love for the balls of VRI TOKEN to do what nobody else tried so far. Not that they are pretty much one of the biggest companies worldwide but of course with making such a launch they will risk a lot of reputation. But I am confident they know what to do so there's that. We have officially reached the bottom I believe
ОтветитьHow in the world does a bank lend 3.8 million to a jobless 21 yr old. NO WAY
Ответитьmy first time seeing this channel. great info guys! thank you.
ОтветитьFirst property at 19 placing him at the height of the market… yeah mommy and daddy should be interviewed here 😂
Ответитьbest channel
ОтветитьThank you for sharing!!!!
ОтветитьAmazing mentorship! Thank you so much.
ОтветитьYou may say slit that 25 into two?
ОтветитьI am 40 and very involved in this market. Something seems off about these guys. I'd hate to see the debt and strange contracts that go along with this. $25M? show us those liabilities and seller financed interest rates LOL. I bet these guys make most money selling overpriced courses.
ОтветитьAnyone can have all this house. 😊
ОтветитьIf this goes south they will be broke bit risky
ОтветитьIf your seeing this, that means its too late
ОтветитьPutting up "you don't need money, " is kind of a misdirection. It should say, "you don’t need your own money."
ОтветитьAwesome ❤ guys, great success
ОтветитьIts now 6months down the road am watching videos like this reading books searching this and that but all i get is to get more and more motivated but am still failing to take important action
ОтветитьMy question is why do you need so much?? I feel they have enough to go live dream lives with people managing the properties. I need a few rentals and I'm going to the islands lol
Ответитьgreat episode:
ОтветитьChristian and Cody are awesome. Glad to see you feature them on this channel
ОтветитьI still dont get how people can get so much loans... after your own home if you are in a traditional loan, youre kinda stucked because banker will say you are already in debt and too much debt correlated to your wage + style of life + assets (which does not count ...if you have average wage)... kinda vicious circle! so when people say you dont need money wellllllll I have difficulties to seize that!
ОтветитьWow this kids a prodigy
ОтветитьJust a small takeaway from the choice to refinance or to own outright. Owning a property outright could make you a target for predators in the event they have a case to sue you. The less equity you have the less reward for them.
ОтветитьThere is just no seller finance deals in Cali lol. I have over 80,000 down and can’t get a loan bc I’m self employed (2+ years on books)
ОтветитьThese guys are a amazing in person! Lets go guys!!!
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