Investing in Real estate has changed my life dramatically. I highly recommend people consider owning real estate as a part of their investment portfolio.
A phenomenal tip I have is to improve your people skills. Learn about salesmanship, reading people, personality types, body language, how to effectively communicate, how to win people to your way of thinking, you can have all the real estate knowledge in the world but, if you can't actually communicate effectively with people than it will be a lot harder. A lot of real estate isn't about the houses it's about the people dealing with them. The more you learn the more you earn.
I love how helpful Dave is! Not everyone would break it down like this!!
I am 14 years old and I just got hooked on real estate! Trying to educate myself and start early✊🏼
Daves right on the money. It really depends on how much you spend on the property. I just bought my first rental/residential property for $160k add in another $15k I'm putting into it puts it at $175k. Property is a triplex with 4 units. 2 1-bedroom apartments and 2 bedrooms with a shared bath. The 2 bedrooms are on air bnb and generate about $1000/m. One apartment is rented for $800/m and I live in the other. $1800/m before including my apartment or the extra $200 I could make renting out my detached 3 car garage which I keep for myself.🙂 Its only been 4 months but happy for what the future holds. Much Love, from Philadelphia.
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
Dave R. I dont know much English but I know I have the words I need to have to appreciate all you give. These are; THANK YOU SO MUCH!
Most real estate agents don’t know about or care about real estate investing. They mostly care about selling homes, after all that is their job. They aren’t supposed to be savvy on making money on real estate investing.
I wonder what it's like having Dave as your landlord.
First time hearing Uncle Dave going this deep into real estate. Very solid knowledge transfer here.
You are fucking amazing. Love your channel. You are telling the people the truth. This is the real shit. You are a legend, your demeanor , the attitude ,the way you explain things, the pace at which you talk. Everything is perfect dude, this channel deserves 100x its current following base.
Want to learn real estate? A very good place to start is signing up at your local REIA ( real estate investor association). Almost every decent size city has a Reia. And the cost is around 100-150 per year.
The important distinction between investors and speculators is not a normative one but rather that investors are generally more interested in the process underlying prices, they are in it for the Long haul, while speculators are more interested in price itself and with shorter time horizons so which one are you.
I am a realtor, disclaimer. I have invested myself on several pieces of real estate. We also handle commercial transactions for clients. A professional experienced realtor is invaluable. Remember, if you are a buyer, you don't pay anything to hire a realtor.
Keep in mind though, there are property taxes, insurance and maintenance every year. Rental properties have expenses and renters live pay check to pay check and often have issues paying rent.
Thanks Dave, for sharing your thoughts. ✌🏾
Buy a 2-Family Flat..... live in 1 unit, rent the other.... and off you go!
This is exactly what I’m looking into doing as soon as I get through baby step 3! 🙌🏽
Has anyone else noticed the private jet on his computer? He better not finance!
@LuisaSantos-q7x