I Am Studying Investing Into Real Estate And Heres Why
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This is one of the books ive been reading it goes into so much detail about all the stuff i mentioned in this video can 100% recommend it!
https://amzn.to/2MRrHx7
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This is more podcast style and its cool to just pop it on in the background. I'm super excited to start my journey !
I like investing into virtual Items, i feel like its kinda safer because i have a way bigger grasp and knowledge of this area than for example real life stock market (where elon musk can post something on twitter to literally RIP a company or make another company rich within hours) LOL
Also trusts are hella dangerous, i know more than 2 ppl that lost everything because they were doing trading with trusts etc. way too unsafe of a way to invest imo
I like videos like this man. Keep it up
Great video with the times. I've been looking I to investing too. All I have now is my index fund 401k and that's it. Still paying for apartment rent smh.
Invest in social housing, enter government scheme to rent the house to the government, get above/equal to market rate for sub par housing. Sounds easy, right? Now how can the normal person get to the point of owning a portfolio of houses? Extremely difficult. I see your trust idea too and in relation to the ownership of the trust being a Company is viable yes but if there is negligence etc. they can go after the owner of the Company as they are essentially responsible for the direction of the Company. Finally, when loans etc. are concerned the banks/lenders still need financial backing for the owner etc. of the trust/company. It is no way easy to get a loan for these things and getting to a point of a significant deposit, again, is very difficult for the normal person. —- Bit all over the place but hopefully makes sense —-
thinks for the wake up call!
What game are u playing @9:00?
Last 2 years (im 27): bought appartment, pay below 2% interest, price risen by 14% in 2 years (yay pandemic=house price increase due to supply/demand(basicly nothing gets built)). Profit..
Also investing excess cash into funds/upgrading appartment generally^^
Gonna look into buying another house to rent out eventually.
Hows the fitness-journey going? :p
what books are you using to study on this adventure of yours?
Look up REITs, you can invest in them if you want to get into real estate and it wont require loads of upfront capital. Real estate and property management is high risk for an individual. REITs are a form of alternative investment where you invest in the trust and any profit from the properties in the trust are paid out to you. These usually have both commercial and residential properties in them. Everyone says not to put all your eggs in one basket if your interested in real estate check those out and then further diversify by re-skilling which increases your human capital and then as you make money reinvest that in different investments. There are a lot of option for investing with many different benefits including tax. Best bet would be to speak with a financial advisor to help you to further flush out your plan for the future. I have a traditional 401k from my employer and I recently spoke with a financial advisor to open up a brokerage account but he recommended opening up a roth IRA which I can contribute 6k to each year and the best part is no tax on capital gains.
Another great video Jim! Keep up the great work!
p.s That was totally a different Jumbo tanking in COD………
Thanks everyone for the great feedback and to all those in the dms asking what book it was its this one https://amzn.to/2MRrHx7 and also thanks for recommending using the affiliate links you guys are amazing <3 (disclaimer I get a commission on sales using my affiliate link)
Super cool video, would love more. Do you have any more books that you can recommend? You should also check out Manny Khoshbin, his book called "Driven"!
It's nice to see someone passionate about what they are learning. It's unfortunate that it sounds like you're putting the channel on the back burner but I get that money is important so I can't hold it against you. Good luck on your journey.
Awesome video man!
Not gonna lie, I found you through the runescape stuff but this is such a pleasant change of pace.