1.2 Billion Dollar Real Estate Investor: "Buying your house is the dumbest investment you can make"

[Michael's Black Son]

fukk this CAC
fukk Vlad

 

[StretfordRed]

Yeah but they got good deals on it and the game was rigged for them.

Black folks as a group historically get bad deals on mortgage loans unless they join the military period. The crash of 2008 disportionately affected us because they give us fukked up deals.

If you earn a large income, I don't see the point in sinking all your income into a home because you ain't gonna earn any income back from it unless you rent it.

You can sink all your income into income generating ventures so you can live off that shyt passively.

There's a difference to me, in living in some shyt that you got a loan for personally.

Or buying rental properties as a business owner and letting other people live in your shyt.

Homebuying is a scam to me, never understood getting loan to "buy" your house, then paying back the loan in 20 or so years, so you can "own"your house, but then you are the one responsible for all the repairs and etc. But all your networth is tied up into your house and the value of it depending on the market situation and the condition that it is in, which generates no income.

Wealth with no income makes no sense.

After the crash of 2008, no young motherfukker should be trying to fukking own a house.

Might as well, take all that money and buy you some crypto, at least when you get fukked doing that shyt, it is more exciting.

You must be young with no family

 

[FINALE]

How this man a billionaire and can't do simple ass math equations

 

[Umoja]

If you earn a large income, I don't see the point in sinking all your income into a home because you ain't gonna earn any income back from it unless you rent it.

Because it is preferable to sinking money into something that doesn't belong to you.

 

[johnedwarduado]

looks like a trump supporter

 

[The Coochie Assassin]

I buy a triplex or duplex instead of a single family. Let's say my mortgage is 1500 a month. With a single family I'd be entirely responsible for that bill. With a house hacked triplex, I'd live in one unit and rent the other two out for say, 1000 a piece for 2K a month. I'm living for free and making a few extra hundred as well. When I choose to move on, my mortgage is entirely covered and I have an additional source of income. That is house hacking. It is a much smarter investment, especially if you are in your 20s and 30s just starting out with no family, than buying a stand alone single family that you would be completely responsible for. If the water heater or hvac goes out in your single family, you need to come up with the 1k to 4k to fix it. With a house hack, you should have a lot of extra capital lying around because you dont pay rent and you are making extra money from your tenants/neighbors.

This is what my homie is doing right now. He just copped a triplex.

 

[Squirrel from Meteor Man]

I like how in the vid he’s acting like he just took his money not knowing shyt and just went off instinct.. Cac is full of shyt in that vid

He’s one of those guys who makes money off books and lectures telling people what he was able to luck up and do once, and acting like it should world for everyone. I can almost guarantee the bulk of his money doesn’t even come from investing; it comes from telling his story.

This guy is on there to sell products and make Vlad feel like he’s right. Vlad talks about two things with every guest: 2pac and how real estate is a bad investment.

 

[The Coochie Assassin]

I'm 31 ... my house is paid off. 4 Bedroom
My total bill for everything is 250$
As opposed to renting and paying 1300$

And I give people good deals on the 3 other rooms if they need them 400$ a month playboy

Rochester, NY tho

 

[Turbulent]

You clearly know nothing about real estate let alone business.

I didnt watch the video but what he's probably saying makes sense if you understand the science behind it.
If you buy a house to live in at market value with no foreseeable appreciation in the future, its a liability not an asset.

If you're paying a mortgage only to increase equity in an asset that doesnt increase in value its a liability.

Thats why i encourage everyone to buy a multi-unit property and occupy 1 of the units. You can essentially live for free while your rent roll does the heavy lifting in terms of mortgage, property tax and insurance.

The house you live in is only an investment at the point of sale. And thats hoping you turn a profit. Now the house/s you rent to tenants are investments at the point of purchase

The problem i have with these "gurus" is they're just like preachers: sellin hope. They tell you the attitude and disposition you should have but none of the science.

Most people who view these videos dont lack the motivation. They lack the practical knowledge needed to succeed.

With that said: these dudes will never give you the actual game for free.

THE GAME IS TO BE SOLD NOT TOLD.

Grant always came off sleazy cokehead to me BUT, from the videos i watched, that's actually the strategy he advocates in his YouTube videos. I give him props for actually going into details too.

 

[diggy]

Buy a rental unit and rent out the other properties and stay in one. That’s a much better investment

My friend has a 3 apt unit apt, all 2/2 setups. One unit's rent basically pays the mortgage on all 3, the other is profit and he lives for free. He wishes he did this before, rather than owning this and a house that he lived in at the time that was upside down from the housing market boom.

 

[ThaBronxBully]

Lol yeah dudes will get hype about a raise not realizing that they got booted into a higher tax bracket and are taking less % home

From A Common Man Perspective If You Understand How The Higher Tax Brackets Break Down Then You’d Rightfully So Would Be Happy About A Raise

It’s Hilarious That People Actually Are Scared To Move To A Higher Tax Bracket

 

[Hey_zeus]

CacTv spreading misinformation.

 

[Rekkapryde]

Land ownership is the only gateway from lower middle class to upper middle class. I know a woman at my job that brought a home in the Kirkwood community for 60k cash from her 401k and now its worth almost half a million. Im a let yall cook tho

EXACTLY.

nikkaz believing that dumb shyt he sayin lost

 

[Rekkapryde]

I buy a triplex or duplex instead of a single family. Let's say my mortgage is 1500 a month. With a single family I'd be entirely responsible for that bill. With a house hacked triplex, I'd live in one unit and rent the other two out for say, 1000 a piece for 2K a month. I'm living for free and making a few extra hundred as well. When I choose to move on, my mortgage is entirely covered and I have an additional source of income. That is house hacking. It is a much smarter investment, especially if you are in your 20s and 30s just starting out with no family, than buying a stand alone single family that you would be completely responsible for. If the water heater or hvac goes out in your single family, you need to come up with the 1k to 4k to fix it. With a house hack, you should have a lot of extra capital lying around because you dont pay rent and you are making extra money from your tenants/neighbors.

Yup. Multi family >>>>>>>>>

 

[WaveCapsByOscorp™]

Some advice isn’t meant for everyone...