No Money Down Investing With Apartments
Uploader Comments (beninnesker)
All Comments (8)
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How did you produce over 100k for a down payment? Self employment? Lottery?
Im in college part time, and only have $9k saved.. thats only good for a down payment on a house.
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I am a investor from Montreal Canada. I have a team that is looking for multi family. the bigger the better! If you have any that you know of please let me know.
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And it's still climbing today. We are only learning now how much bogus sub-prime lending went on then by how many foreclosures there are today.
It's a disaster, no doubt, and the tax paying citizens around the world are paying the price.
But the fact that real estate goes through periods of high appreciation in some markets followed by precipitous drops doesn't make it bad. If you educate yourself about real estate investing it's good, "very" good.
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The word was, "get the money out into loans ... whatever it takes." So underwriting was relaxed and every homeowner who had a pulse who applied for a an equity loan, was approved. And the cash FLOWED into the economy, the 2002-2005 r/e boom resulted. When the borrowers' loan procceds were all spent, and they couldn't make their big mortgage payments anymore, the foreclosure rate began to climb.
Hey, I just wanted to comment on your video....I really like it and I have shared it with some of my firends on some of my social networking sites! NICE!!!!
TheREIMaverick 1 year ago
@TheREIMaverick Thanks Mav. I appreciate that.
beninnesker 1 year ago
now with ca in the red and market crash property woth $250,000 maybe
stonecoldjason 2 years ago
@stonecoldjason Jason, yes CA is down now, and it may take quite a few years to come back. Serious appreciation won't happen again before all the REO inventory has been blown through the system and is back out into private ownership again. There needs to be money flowing through the economy before appreciation happens, and that will take some time. But CA is an attractive place, people will always want to live there. The market will come back.
beninnesker 1 year ago
But you have to educate yourself George, don't just react to what you read in the newspaper.
I wish you the best.¨
Ben
beninnesker 3 years ago
Regarding "HOW can R.E ALWAYS APPRECIATE or even 24% one yr?", no market ALWAYS appreciates at 24% a yr, nor did I say that. As I stated in the video, the 88% increase is based on what the building was worth when it was bought, compared to what it was worth after 10 years, then divided by 10 to give you an "aggregate" yearly return. A simple calculation. If you learn about market cycles, buy at the bottom of a market (eg. now) and sell at or near the top, this is not hard to achieve.
beninnesker 3 years ago