Good video, but i done research and found out that 100% of foreclosure happends to properties with mortgages. I am sorry for the guy in the video, because i think that he just became bankrupt because he can't afford his mortgages payments now that all his properties are down and his encome decrease.
If you add conservative Options trading strategies to your stock portfolio, like credit spreads, covered calls and buying dividend paying stocks for income, you can do a lot more with stocks vs. real estate. One big thing to consider, you can stop investing into stocks but you can't stop making mortgage payments, unless you don't mind going into foreclosure and ruining your credit!
Actually, yes, you can borrow to buy stocks; it's not margin. In any case, leverage increases risk in any investment. Investing is not as simple as borrowing a lot of money an hoping that things will turn out fine. Additionally, real estate has property taxes, maintenance and utilities, plus you have to service the mortgage interest. All of these things severely reduce the return of the investment. Who cares how much money you "control"? What we care about is what return we get.
Hey man, great video btw. Is it a good idea to start flipping houses right now rather than in 10 years or so? I am 21 and have enough money to buy a house, but I am not sure if I can make more money buying/fixing/ and then selling, or keep on increasing my bank account money+stocks. I know the interest rate for bank accounts are like 3% = shit, but I'm just thinking weather or not it would be better to flip houses or use my bank account/ CD to gain interest. Please lmk what you think. Thanks
flipping right now would be sorta difficult unless you have a database of investor/buyers(not saying it can`t be done)many of the flippers in the last few years who were making a killing have flopped,because less people are buying,the average person is terrified of buying now.the properties I have available on my site are being fixed and flipped,and most of the buyers are from out of the country(china,india,europe...they think Americans are idtiots for not buying by the way)
I think a good strategy is to buy and hold for positive cashflow,then when the market picks up, a choice can be made to either flip it or keep it for the passive income...(passive income is where wealth is built,instead of the quick buck).whatever you choose to buy,I strongly suggest fly out and see the property before purchase,and remove emotions from the process,work only on numbers.I cant tell you what to buy but if you think I can help let me know.thanks
U.S. is in recession, probably soon in depression... people loosing their jobs, government trying to bailout the system. The problem with Robert Kiyosaki was that he has never been successful real estate investor - he just made all the rich and poor dad stuff up.
And that's the "reality", he wrote rich and poor dad stuff, sold over 11 million copies and never invested in real estate. Just like Robert Allen with his "no money down".
Please help me. I'm a 19yr old who has read books like "Rich Dad Poor Dad" and am hungry for financial education and in search of a mentor to help me learn how to be rich. I need to learn as much as possible about money because from what I have already learned I have great reason to believe that the U.S. middle class is about to be wiped out and I would rather be one of the rich rather than one of the poor. I promise to help teach others once I know how to create wealth myself. Please help.
Bet you got slaughtered if you were leveraged 10:1 and you bought in May 2008.
natesmith1984 1 year ago
I don't believe on Kiyosaki's advice on sub-prime financing because it was the reason why US got into recession.
MLMAuditor 1 year ago
This is very interesting. Thanks for your help. I will be checking some of your videos. I believe I can have more good videos from you.
markbradleyvideos 1 year ago
Good video, but i done research and found out that 100% of foreclosure happends to properties with mortgages. I am sorry for the guy in the video, because i think that he just became bankrupt because he can't afford his mortgages payments now that all his properties are down and his encome decrease.
aliajolie 2 years ago
If you add conservative Options trading strategies to your stock portfolio, like credit spreads, covered calls and buying dividend paying stocks for income, you can do a lot more with stocks vs. real estate. One big thing to consider, you can stop investing into stocks but you can't stop making mortgage payments, unless you don't mind going into foreclosure and ruining your credit!
mynock123 2 years ago
Btw, you can definitely buy stocks at a discount. Just buy after a market crash, like the recent one.
danielc78 3 years ago
@danielc78 you posted this 3 years ago. wasn't as much as a discount as it is today huh?
politicalpuppettv 2 months ago
Actually, yes, you can borrow to buy stocks; it's not margin. In any case, leverage increases risk in any investment. Investing is not as simple as borrowing a lot of money an hoping that things will turn out fine. Additionally, real estate has property taxes, maintenance and utilities, plus you have to service the mortgage interest. All of these things severely reduce the return of the investment. Who cares how much money you "control"? What we care about is what return we get.
danielc78 3 years ago
Hey man, great video btw. Is it a good idea to start flipping houses right now rather than in 10 years or so? I am 21 and have enough money to buy a house, but I am not sure if I can make more money buying/fixing/ and then selling, or keep on increasing my bank account money+stocks. I know the interest rate for bank accounts are like 3% = shit, but I'm just thinking weather or not it would be better to flip houses or use my bank account/ CD to gain interest. Please lmk what you think. Thanks
d2paintballer 3 years ago
flipping right now would be sorta difficult unless you have a database of investor/buyers(not saying it can`t be done)many of the flippers in the last few years who were making a killing have flopped,because less people are buying,the average person is terrified of buying now.the properties I have available on my site are being fixed and flipped,and most of the buyers are from out of the country(china,india,europe...they think Americans are idtiots for not buying by the way)
longtermwealth 3 years ago
I think a good strategy is to buy and hold for positive cashflow,then when the market picks up, a choice can be made to either flip it or keep it for the passive income...(passive income is where wealth is built,instead of the quick buck).whatever you choose to buy,I strongly suggest fly out and see the property before purchase,and remove emotions from the process,work only on numbers.I cant tell you what to buy but if you think I can help let me know.thanks
longtermwealth 3 years ago
70% of the worlds millionaires and billionaires are wealthy because they owned their businesses which they build up in years of hard work.
You may think that credit is a wonderful thing, but that actually makes you poor.
Loans and Credit = Poverty
Loans and Credit = Slavery
Loans and Credit = LOW 'Financial' IQ
Loans and Credit = Poor people stuff
Loans and Credit = Bad Money Manager
Loans and Credit = Dumb Public
Loans and Credit = American Dream :D
tomfromeur 3 years ago
U.S. is in recession, probably soon in depression... people loosing their jobs, government trying to bailout the system. The problem with Robert Kiyosaki was that he has never been successful real estate investor - he just made all the rich and poor dad stuff up.
And that's the "reality", he wrote rich and poor dad stuff, sold over 11 million copies and never invested in real estate. Just like Robert Allen with his "no money down".
Sorry, loans are poor people stuff.
tomfromeur 3 years ago
This has been flagged as spam show
Please help me. I'm a 19yr old who has read books like "Rich Dad Poor Dad" and am hungry for financial education and in search of a mentor to help me learn how to be rich. I need to learn as much as possible about money because from what I have already learned I have great reason to believe that the U.S. middle class is about to be wiped out and I would rather be one of the rich rather than one of the poor. I promise to help teach others once I know how to create wealth myself. Please help.
anottakenusername 3 years ago