HOW TO BUY RENTAL PROPERTY AND NEVER USE YOUR MONEY

Awesome explanation!

So you went to the bank to get $40,000 off of credit, then asked the bank for another $275,000? Doesn’t make sense because they see you already in the hole for the $40,000 you owe. This doesn’t make too much sense. You have to have assets is the real talk here. They want to see you have money already. Maybe that worked in the 70’s but that’s not working today son.

Wait, you will have to pay the bank back and credit card OPM. That 1K will go to your loans not in your pocket. Explain that part to the viewers.

What’s the payment of that card deposit? And loan is that all paid and covered before you get your cashflow of $1000? And thanks man!

Excuse me sir what is the ideal credit I should have to get those huge credit limits to get started

Who is making the payment back to the bank and who is paying back the credit cards and who is paying for the stuff that breaks and needs repairs on these properties?

That's too risky. If anything goes wrong; you are screwed. It's better to use only a portion of your credit and borrow thecreditcardpayment plus what youcanp; just in case.

Thank you

most of the realtors if they see a good deal, do you think they going to tell you, they buy for themselves, your first advice useless

Thank you.

It’s not that easy because that new debt of $40,000,is gonna show on your credit report affecting your loan qualification (debt to income ratio) and your money for down payment has to be in your account for at least the last two months.

Thank you for this video. The most clear I’ve seen

Find a realestate agent as hungry as you are.
Great advice.

I've been waiting on this one. I'd be interested in ways to couple this with other ways to bring money in

But u still have to pay all that money back u borrowed

❤

free game. Richard for the people !

So after you’ve done all this how do you pay back the credit cards?

Great information! Could you provide a few credit cards that allow direct deposit? Thanks

How much do you pay the credit card every month?

I understand errdang except
The part At beginning when u said get the credit cards ? How uk which one to pick n Ik u have to have a good score

Than is great advice Richard I really precious and your video is awesome and you are great management experience and tactics I learned alot from you thanks for sharing great ideas keep it up good work .

In order to get a realtor, you need to get pre approved for a loan. This not 25 years ago. That’s the norm now. 😒

When the special offer expire where do you get the money to continue paying the $40,000 loan?

This works well for someone with enough income coming in to cover the credit card payment of
the 44,000 before repayment is due. Furthermore not everyone has those credit card limits or balance transfer offers. Nonetheless it’s good advice for certain people who have already a more or less established financial condition. Thank you sir. 🙏

Thx Bruh! ✊🏾

You have to save the 40.000. First tho

There's no subscribe button at the bottom of your video here sir and you're the second brother I seen or watch the video made produced by them and they have said the same thing you have said hit my subscribe button but there is no subscribe button down there it's usually a big red one with a bell I think you guys is looking today and I'd appreciate if you give me a reason why there is no subscribe button at the bottom of your video 🤔

My question is, how can you be making a profit from that $200,000 deal? Don’t you have to make payments to the bank for borrowing that $200,000? And most likely the $1000 profit that you make will go towards that payment. Then eventually you’re going to have to pay back the $40,000 that you got from your credit card. Where is the profit being made? I’m not trying to be difficult, just trying to get understanding.

But you still gotta pay the banks back right?…

Mr, fain what do you think about debt consolidation. I signed up for debt consolidation to help me pay for at least 10k in debt. For 35 months , I have to pay around 200 a month. From what was explained to me by the company , overtime my credit score will improve. Am I doing the right thing ?

Anything is possible in theory! How do you make 1k a month with 300k house? Unless you bought in half the price from a real desperate seller. The # doesn't add up!

Instead of talking bout it….show us the proof of what you pay on the property and how much you net. Im assuming you are paying that credit card debt off in 2-3 years so you can do the same thing again

Credit card Direct Deposit Transfer.... Love it. Thanks for sharing

“Up to” 12 free stocks. 🤔 they could give you just 3

300k that also has a monthly payment due...not sure how much you net after that.

a new subscriber is here, thank's Sir

I follow how to get the $44k, do you hand that to the bank as a down payment? Hold on to it? Where does it go after you have it?
Will the rent coming in cover both the credit card payments and the banks mortgage payment?
What happens if you end up losing a tenant or getting a bad one and no income coming in?

You can also use hard money lenders

Seems pretty steep for little income to pay off the high interest credit card you took out for the down payment. So how do you pay that off ?

Thank You Richard

In the video, you don't cover the repayment of the 40,000 from the credit cards. How does that factor into the initial return on investment?

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How do you get a 40,000 cc balance

Does anybody have a list of credit card companies who offer direct deposit transfers. I been searching online and I haven’t found any

Ok got it assume a lot still need money to to pay bills every month.

So you still have a 44,000 dept.gotta get a Tennant and have another 260.000 dept to pay on per month. OK got it.

Still have to pay on 44.000 depth you also have a 270,000 dept..
I need a better understanding standing

Down payments .you said 0 down which is it get payment. You still have your bill.