Here is a compilation of the YouTube shorts scripts I have written so far...
DON'T BUY REAL ESTATE IN THESE AREAS
If there's snow on the ground where you live and the jobs are moving away from there, then maybe you should think about migrating to wherever it is that those jobs are going. Treat real estate like a business. If you're looking to invest in real estate, you may want to look at urban hospitals. If you're in Orlando, Miami, Tampa, Alabama, Houston, Texas or Atlanta, those are all good places for investment. There are two things you need to look for: urban hospitals and states with a low tax burden. By investing in these places, you'll make money while helping people get better!
3 reasons why people fail in real estate
The first reason people fail in real estate is because they don't have time management skills. The second reason people fail is because they underestimate how difficult it is to do real estate. The third reason people fail is because they refuse to follow the fundamentals—like prospecting 2 hours a day or attending networking events—and instead spend all their time watching TV or playing video games or something else that isn't productive.
And if you're thinking, "Oh my gosh, this sounds so hard!" then listen up: following me will make everything easier for you. Just go ahead and follow me on Instagram and subscribe to my channel on YouTube.
The secret to real estate investing
If you're looking to invest in real estate, the secret is to know that if you can rent for 1% of what your price is, you've got a good deal. Let's say you buy a house for $80,000 and can rent it for $800 per month. That's a great deal! You're making 10% on your investment.
If you have no idea where to start, I've got some tips! First off, be aware of what kind of property sells best in your area. If everyone wants new construction with granite countertops and stainless steel appliances, but nobody wants anything old or rundown, then maybe that's not the right location for you.
On the other hand, if people are willing to pay more because they want something unique or historic or whatever else makes it stand out from everything else on the market? Then go ahead and jump on that opportunity!
A different way to flipping houses
There is a different way to flip houses. You don't have to fix and flip properties anymore. Instead, demolish properties that don't add value and build a new house instead. That's how you force appreciation, add value, and make fat spreads. So let's say you buy a house for $100k. Instead of renting it or selling it as-is at $100k, you demolish the property entirely and build something new on top of it! If you do this right—and if you find a good location with good schools nearby—you'll be able to get quite a bit more than what you paid for the property originally...even if its value hasn't changed much since then!
When should you invest in real estate?
If you're thinking about investing in real estate, there are a few questions you need to ask yourself. First, how old are you? If you're 23 years old, the answer is pretty simple: You should be saving up for your first house or apartment. It's not that young people shouldn't invest in real estate—it's just that it's not worth it for anyone who hasn't invested in themselves first. You see, if you don't have the skills to make money from your business or career, then starting a real estate investment isn't going to help you get into that house or apartment any faster. You need to make sure that your skills are where they need to be before you start looking at investing in real estate. So invest in yourself before you invest in real estate if you are starting out!
Real estate photography tip
If you are a seller and want to make your house look good before you sell, use a drone. Get a drone licence, if you need to. Get some twilight drone shots. Just imagine how cool that's going to be once you capture your house.
What Is HIGH EQUITY When Wholesaling Real Estate!
So, what is high-equity? When you're wholesaling real estate, you're looking for properties that are owned by people who have lived in them for a long time. And they've paid down their mortgages so they don't owe as much on them anymore. So, if the property is worth more than what they owe, we call that "high-equity."
How the real estate market will look in 2050
Now, we've all seen the news about how blockchain is going to revolutionize everything from finance to healthcare. But what if it could change the way we invest in real estate? Well, in 2050, you might be able to sell off parts of your house like shares on an exchange! Imagine being able to sell 30% of your house and use that money to pay down your mortgage—or even just make some extra cash!
When you SHOULDN'T Invest in Real Estate #shorts
Are you wondering if you should invest in real estate? Well, here's the answer: it depends. If you are crushing it and doubling your money, but haven't saturated your business yet, then don't invest in real estate. Instead, maximize your business. You'll be able to make more money that way!
But if you want to take a risk and invest in real estate, that's fine too. Just make sure you do the math right—don't forget about interest rates and expenses, like maintenance or property taxes.
How much it costs to renovate a house #shorts
It's so exciting to buy a house, but you might not know what you're getting into. Buying a house is one thing, but renovating it is another story. When my client bought a house for $287k, he had to pay for the contractor who helped him renovate the place, as well as materials and other services like utility bills, insurance and property taxes. All of these things added up to about $63k. He spent about $22k on contractors, $668 on services like utilities like water and electricity and then another $9k on materials. The non-purchase cost totalled almost $350k from the original purchase price of $287k! Now that you know what it costs to renovate a home after buying it, go out there and make it happen! But remember to set aside 20-25% of the purchase price for renovation work.