Here is an investment opportunity that I was presented with InArizona for a hard money loan that would make me 12% interest off the money I lend out! Would you invest in this house for 4-5 months for a $12k-$15k return?
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1.📚 Free Techbud Solutions Group: http://bit.ly/techbudsfbgroup
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For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 200,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
that discord notification you had made me go nuts trying to find who messaged me lmao
Later down the line if possible, could you create a course based on your experiences with Real estate? I’d be extremely interested
Hell yeah
Don’t know all the details of the loan but one of the main risks of flipping houses is that if the the housing market takes a nosedive you are stuck with a massive loan that is worth more than the property. If a recession does hit or repair costs are too high to make any profit he can stop making payments and give u the property and make it your problem. I recommend either making him put half the money or getting a real estate license and just learning on your own. Also think about why the real estate agent isn’t getting a much cheaper loan from a bank .
In the end, it's your money do with it as you wish. In my humble opinion, it's a lot of money and if things go south, it's a lot to lose. Sometimes we are so focused on what we potentially could make, versus what could go wrong, much like stocks. So, no, I would not do it.
The risk outweighs the reward. You are risking $300k for a measly $15k max. Your risk / reward ratio is asymmetric in the wrong way.
Learning with $20,000 to $150,00 for example… it is another thing to learn with $300,000. As the other person said "do you trust this guy".
What if it sells in one month? Or two.. is that profit worth the risk. ????.
Just think about it. Perhaps it is like taking a trade or not. You dont have to. If you are not comfortable with it. But if you are. Then you can. 🤔
12% is great… However, when coupled with ownership of property, it’s almost a guaranteed win. That’s the great thing about real estate. You own something tangible and real, that you make all decisions. It’s time for the Ricky and Nic Flip YouTube Channel.
Relator !! Why do so many people pronounce this wrong ?
We can't intelligently telly you what we think with so little info. The comps, the area, the contract, the person, their assets etc etc etc…
i would suggest you or someone in the group get their licences as it is very easy or make deal with a agent/broker for a reduced rate.
Hi sir I need to learn how you make that kind of money in that age I am from India and I need to learn these skills plz help me and call me to your place and let me learn the new things
Bro real estate is king
Sorry if you made a video on this already, but what app would you recommend beginners to use for stocks?
do you trade CDF
Who’s name does the house go in?
As someone who has rehabbed houses, contractors depending on what needs to be done structurally to the house, almost always you can double the time expected if you have 3 different contractors. The things to ask the contractors, if they have worked together before, if your time line is realistic for their schedules. Sometimes, certain things have to be done before something else so if 1 contractor runs behind because of his schedule or waiting on materials or an injury or whatever, it puts everyone else behind. Not that this will happen but anytime you are putting up a large sum of money, if it is expected to be done in 5 months, its good to make sure you will not need the money for 10 months. I grew up around this my father is an architect and interior designer. So I grew up dealing with this. Another thing is to have an ironclad contract with the contractors and the person you are loaning the money to. As in the interest rate needs to go up each month past the expected finish date a half a percent. As far as realtor fees the paperwork is not hard and there are a lot of great sites to list the house. Open an LLC. Realtor company yourself, it only cost a fee to incorporate which is inexpensive. It would save you a ton of money and the profit will be worth it. Make sure every contractor is insured and bonded and make sure all permits are pulled.
You need to read "the richest man in Babylon". It will give you the answer.
Ur getting so handsome
It's good especially considering you will learn while you earn!!!
Are we expecting UGAZ to go up to around $20?
It seems like a good deal. Just make sure that you won’t lose this money. I guess you can trust him if you’ve already done deals like that with him before.
Hey bro, IAM from India
So, how can i invest in NYSE bro
Could you do video on it pls
CNBC should invite Ricky as a guest….
Being a hard money lender can be an amazing gig! Definitely a good business to be in if you have the capital