Real Estate Investing for Beginners
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Phil, i have around 100K in my bank account and i am very interest in real
estate business. However, i have a few questions..
I want to buy a house that is under market value, which should be around
60k and use 30k for rehab. So, which one would be better? use my own money
or take a loan from the bank to purchase a house? From my perspective,
using my own money would be a good idea, since i dont have to worry about
interest rate but its still be risky right? I wish you could give me some
advices,,thanks,,,
Could you please explain the difference/differences between a real estate
agent and a real estate investor? Thanks! (:
Phil what do you define as “investing”?
I have been investing in real estate(rental properties) for years now. I do
enjoy teaching about it as well. I have watched many youtube videos about
this subject and discovered most of these people lack experience or are
just ignorant to real world real estate investing. When I started, I
financed all of my homes and held a second. After all expenses, I was lucky
to break even. I was able to do a number of deals and eventually got a free
and clear home. Since then I discovered I must have a 1st and then the
business was profitable. Today, all of my homes and properties are debt
free. People tell me all the time how they want to do what I do and then
they ask me how to do it. I tell them save, stay out of debt, educate
yourself and buy. Do that over and over again
Real estate investing is something everyone thinks they want to do but a
lot of people discover that it is not what they thought it was. As far as
buying investment property, I never hear anyone say ” save your money and
when you get enough saved, buy. Educate yourself in the mean time and
realize it takes many years of sacrifice and hard work and then you may be
successful and you may not”
Hi Phil just a quick question I found a property at a great prices here in
las vegas I’m looking to buy it but don’t have the the total cost in the
bank. What would be your opinion on what kind of loan to get so I don’t
find myself in the hole if that makes since. Trying to make money not lose
it! Thanks for your time greatly appreciated!
Hi Phil,
I need your expertise advise. My credit sucks, I have about $250k in cash,
I own a small business that generates about $120k a year, and I am a full
time civil engineer. However, I now want more. My only limitation is
obtaining a loan and also I am not sure what direction to go in as a real
estate investor. Therefore, what is your advise. Buying and flipping?
Buying and resale which is the first time I hear of and think is a good
idea? I want short term investing for the meantime. I am trying to leave
my civil engineering job so I could spend more time with my kidz. I am
32yrs old
Hello Phil! I am Canadian and live on the West Coast. I just signed up for
your course, Thank you for your passion. I have a scenario that I would
like your thoughts on. I know what I would do, but I would like to hear
what you would do to find out if I’m really getting this. I have a lot of
creative ideas and not a lot of money, but I have two little boys that I
would like to give education choices to as well as teach them to be wise
and creative with whatever God places in their path.
Here’s the scenario: Single family 3 bd home for sale by owner. Home has no
mortgage, the daughter is selling her father’s home because he past away
after living there for over 40 years. House has good bones, new windows.
Asking 279,900 The home is close to schools, hospitals, shopping and in a
well established family neighborhood.
Interested party owns a Condo ( worth 178,000 across the street) 2 bd upper
floor in an adult building. The condo is rented but the owner will be
selling it to either the renter or someone else in 4 years. (2018) after
owning it for 10 years.
The owners of the condo, are renting the home they live in. are not
interested in living in the home that is up for sale. They would like to
ask a question to the seller of the home. Money up front after a haggled
asking price?. OR give full asking price but “rent-to-own” per month for 4
years until Condo can be sold and then sellers receive the remainder of the
full original price.
Interested party then (2018) would take out a much lower Mortgage, rent the
home out for the next 4 – 7 years and sell. in the end. making exactly
whatever the price of the home wood be.
What would you do?
Thanks Phil! :)
I signed up, clicked on the intro and the vid wont play, just says loading
in the top hand corner of the vid
Im in Montana. Is there a great opportunity in flipping houses up here
that you’d kniw about?
How does this all apply to Canadians?
Hi Phil
I am starting out in this whole real estate journey and I am scared out of
my mind but want to stick with it. I found a house that I want to contact
the owner of the house but he lives out of state, the house is vacant and
in need of a lot of repair. how do I go about writing a letter and starting
to see if there a deal to be made here or not?
yes am new lol…
hi phil, where do we find the clip with your “ugly post card”?
I am very thankful to have found you here online. I have paid a lot of
money to some so called Guru’s to learn how to do this, in fact i even
joined a REI Club for $59.00 a month and have been there for five months
and have not been able to even get close to the amount of USEFUL
information that Phil has given away for FREE. Thank you so much for this
opportunity Phil.
If not flipping then what do you recommend up here?
Great video I just singed up for the course! Real estate has always
fascinated me as child watching my dad buy and rent out homes. Im a early
high school graduate jus turned 18, about to go to college. What’s the best
major to obtain relating to real estate investment?
Well im in signed up and checking out your vids for free. It is really nice
to see someone who is successful share with others without the typical
capitalist catch 22, your wealthy and you want to give back thats
something you dont see in America, everyone usually just wants to exploit
everyone else. I was skeptical at first but the signup was super easy name
email pw and i was watching vids. I will absorb as much as i can, and so
far you have personally answered my questions online on youtube so your
earning good karma helping others atleast if not become successfull find a
way to live in a house in a country thats seriously struggling, Thanks
Phil. I will remembers this.
Thanks a lot wow….
God bless you……
I’M your great Van…
Hey phil I think your videos are great just by watching tgem my vision of
real estate investing is is transforming to reality i currently have a
contract on a nsp home just waiting to get approved my question to you was
do you think this is a good idea to open the door for me into real estate
im in orlando btw not to far from you
so you mean, if i renovate a residential property and invest in that
particular property for 3 years and sold it out? is that what you mean by
the faster the better ?
Because some people says it will take 7-9 year before you resale it to get
good profit .
hey Phil, I was wondering how do you know how much the place is worth?,so
you know how much can be made off the deal.. Thank you
Heads up all Real estate investors!!. BEWARE OF JASON SCHUBERT and his
hotel scams! NO ONE that’s invested with him has made any money and many
are facing bankruptcy! He’s disabled comments on his videos because the
truth is starting to come out and the truth is what he fears the most!
Don’t believe us? Contact the people that have invested with him and
they’ll tell you the truth. Contact the people that have been stuck with
one of the dumps he thinks are deals and hear the HORROR stories of
financial ruin Jason Schubert brought to them. He presents himself as some
kind of “hotel expert” yet he’s NEVER EVER RUN A HOTEL! He’s nothing more
than a junior Bernie Madoff and nothing coming out of his mouth is true! If
you invest with him YOU WILL LOSE MONEY! FACT!!!
It’s very, very important that you vet your mentors and advisors carefully.
There are just too many scammers and fakes in this business. Our mission is
to expose these rip-offs and Jason Schubert is Real Estate Watchdog Group’s
#1 MOST WANTED!
Please feel free to copy this post and email it to ALL your investing
friends. Help spread the word and let’s put this scammer out of business.
Help get investors money back and put him in JAIL where he belongs!
Real Estate Watchdog Group.
Hey Phil, Phenomenal video, your videos are really inspiring and have
given me hope in a lot of ways
Amen!
Phil, the goal thing sounds so proactively positive. I have been through
that with other companies so far as to have my goals framed for my desk.
As I listened to you get into the psychology of expectations and Monday
moring goal reviews I was prompted to write. I have always been a list guy
the night before in preparation for the next day. It amounts to a “To Do”
list which I creatively named Monday, Tuesday, Wednesday, et cet. I leave
it on the counter by my keys. There is no need to recollect the day’s
events. I have been known to number certain of them in a logical sequence.
I’m not in the least bothered if all are not accomplished. However, I do
understand the obligatory necessity to set a goal. It’s tantamount to
those few deep breaths of air you take before bench pressing. Side note:
I spent all day this rainy Friday watching your videos. Thank you. I’ll
be in touch.
Exactly Right. Thank you for sharing.
Phil, any advice for doing owner financing deals in areas that are more
ghetto? at 24 years of age I rent out my first house and I am fixing up my
second house. I look into deals where owner financing is a possibility but
once I talk to sellers about renting out their house to another party, they
become very apprehensive. I can’t blame them though. Any ideas?
Discover what to do, and what not to do, when setting goals for your real
estate investing business.
GREAT VIDEO
Amen to that! You’d be surprised how similar the US and Canada are on these
topics. I have Apprentice students in Canada and it is very similar
Lol! I cant stop laughing thats so funny
I’m glad the Victor Frankel comparison didn’t dis-courage 🙂
Investor
Good vid.
Great video! Very encouraging.
Phil you are the man! I love how passionate you are about your craft. Bless
you; thank you, for providing quality knowledge tools to the masses.
Love the video
Thanks for posting all these videos. They are very informative. I just
watched 2-4 hours of your videos. I plan to flip properties and have
planned to for around 2 years now. An older gentleman I met at Motel 6,
Jack, told me allot of about flipping houses. I decided that I’m not going
to allow him to teach me any longer because he didn’t care about the people
on the other end. He would never be very successful like that or happy and
I don’t want to learn his bad habits. – James
Thanks for watching
this is legen wait for it dary!
In the name of Jesus
May I have the link to the Canadian apprentice program?
Great job on the video!
nice great
Your going to get far on youtube.
I’m a Christian, and I’m just starting out in studying real estate
investing. I’m glad you stepped out and said what you did on prayer, and
God’s will. I’ll definitely be viewing more of your videos. Thanks and God
bless!
Terrific! Eventually, one has to move from education to doing to see the
results that real estate can create. Glad to hear that you’re ready to take
action.