Rich People Own Real Estate - Real Estate Principle #1

[hijabiflower]

flip houses and rent them

[landongendur]

That's what I plan to do - buy a 3-bedroom condo/house and rent out the extra rooms for income to help pay for the mortgage.

Even if one buys a home for $200K and it depreciates to $100K, it still means that you have 50% of what you 'invested'... much better than paying rent and losing all 100%.

Moreover, a home is amortized over several decades. Even though it might fall in the first year or two, it's a long-term investment. My grandparents bought their home brand new in the 60s for $12,000!

[nanaenanaja]

I think what he means is rich people own real estate BECAUSE their rich, & then they get richer from that. For the average person who has little money, it would take a lifetime to get a few properties, & probibly still not be financialy free.

In other words, DONT GET YOUR HOPES UP.

[streettraining]

lol do some research... for someone willing to take a few calculated risks... property is a goldmine, and always will be!

[nanaenanaja]

I agree. As long as its rented...

[streettraining]

ah yes, of course!

[tomfromeur]

hahaha... rich people own real estate? Look, if you are saying that somebody in debt could ever have "wealth", then you can only fool broke people who do NOT have a slightest idea what the minus mark in front of their net worth means.

debt = slavery, and never freedom.

[streettraining]

hahaha you have no idea... there is a laaaaarge difference between managed debt and if its not so... if its managed properly its your best friend... nearly all businesses are built on it!

[LeftLiberalSoCal]

You are just talking about BORROWING MONEY to buy Real Estate.

Banks now wants 20%+ down and perfect credit. Most people do not have ANY MONEY.

You cannot do Real Estate anymore. If you are looking to make money off the Real Estate Books and CD's sucker train Bill, it's too late, it left the station in 2005.

[streettraining]

lol everyone borrows money to get into real estate you fool... you think most people build multimillion pound/dollar portfolio's with their own money hahaha

[jvergara10]

Incredible, Ive been in Real Estate for 10 years, and Im now learning the real stuff

[sctullie]

Montgomery Alabama real estate is a good investment opportunity.

[HigherDevelopment]

This is a very great video! Thanks for creating it.

[kellywise2007]

hello i want to know how real estate investment work so that i will know what to do about it am a student in nigeria

[onegreeneye]

just noticed...milk, gas, bread about same price...

need to learn this

[OwnAHomeNow]

The key is to know what you are doing. You can lose in RE just like any other business. Education is the key to success. Do it right and it normally will be profitable!

[OwnAHomeNow]

you can check out mine too. will be in touch

[privatebennybanking]

I like your information,if you are interested or your viewers are interested in joining a service that helps finance deals that the subprime market has abandoned, please check out my video too. I am a new poster who also would like to share info and ideas with others.

[shaolinbill]

Please consider taking the free Master Real Estate Course on BillFitzPatrick.

You will learn - deal in a small specific investment area - become an expert on that area - buy 6 properties and love your tenants - pay off your mortgages - be rich and retired in 20 years or less.

There is little difference between residential and commercial - take care of your tenants - help your commercial tenants succeed with their business and your business will succeed.

Keep watching and good luck.

[mcforme]

Thank you, and I will update you on my progress

[mcforme]

Bill, What are we need to do when we are investing in commercial site, Stores ...

and one of the tenant is not paying? what then?

[mcforme]

Very good principals, from one that expert in real estate for 10 years.

My next goal is to build commercial stores (strip center) and to manage them. my fear is when one of the tenants is not paying what then?

[goatboy1172]

check out easyhowtoonline, they have info on real estate, how to buy and make money etc. as well as other how-to items

[tulsarealestate]

Knowledge of the real estate business is your key phrase. Good job on this video.

[glennmg]

Great video - you made some really good points and hope people follow your advice. However, Bill, people need to understand the financial aspects beyond just the cash flow, but the income tax benefits and tax shelters available.

[goyneser1]

Wow, Brilliant, thanks again!!!

[nanaenanaja]

AMEN!

We need more honest people like you. Im tired of all the BS out there.

You speak the truth.

[22utoo]

it worked thanks!

[BLOSSVALE09]

Not only are they slaughtering people in iraq for sport, presidents and politicians also want people to be homeless. If they didnt, you would be free to own tax free land! the only thing politicians allow citizens is owning the title to land while they tax you till you give the land title up because of the rent and tax hikes becoming unsustainable. some fuckin liberty supporters arent they!!!? the only free people are native indians they have services & tax free land they actually own.

[excelsiorlife]

And your poor attitude is what will keep you poor.

[tubestaik]

Wow! I'm no fan of taxes, but it sure sounds like you have a chip on your shoulder. Why not put that negative energy into taking Bill's courses and gain control over your future?

[shaolinbill]

I am retired. I still own some property - my six properties. In my real estate investing career,I bought and sold and managed many properties.

My intention now is to help others as I was helped by my teachers.

This work is non-profit. I do not receive a salary. We solicit donations to keep my small staff of five working and we donate lots of motivational books through schools, churches, social organizations and penal institutions.

To your success, Bill

[BLOSSVALE09]

stop paying those rising taxes and youll find out who owns your property! its a little gorvernmental affiliated cult called eminent domain!

[PRCastellanos]

how much property do you own?

[UnlimitedAdvertising]

2nd

[BraverAngel]

FIRST!