25 Comments

  1. Phil, i have around 100K in my bank account and i am very interest in real
    estate business. However, i have a few questions..
    I want to buy a house that is under market value, which should be around
    60k and use 30k for rehab. So, which one would be better? use my own money
    or take a loan from the bank to purchase a house? From my perspective,
    using my own money would be a good idea, since i dont have to worry about
    interest rate but its still be risky right? I wish you could give me some
    advices,,thanks,,,

  2. Could you please explain the difference/differences between a real estate
    agent and a real estate investor? Thanks! (:

  3. Real estate investing is something everyone thinks they want to do but a
    lot of people discover that it is not what they thought it was. As far as
    buying investment property, I never hear anyone say ” save your money and
    when you get enough saved, buy. Educate yourself in the mean time and
    realize it takes many years of sacrifice and hard work and then you may be
    successful and you may not”

  4. Francisco Escobedo on

    Hi Phil,
    First off I really enjoy your videos!
    I have a question I own a home free and clear and I have another home where
    my parents live. The first house I’m making 1100 mo thur section 8. The
    second is 1900 I rent the garage out for 900, my parents pay the rest. I
    rent in the city for 1125. I want to continue to invest in other
    properties, where should I start growing my pro-folio in an aggressive
    manner.
    

  5. I have been investing in real estate(rental properties) for years now. I do
    enjoy teaching about it as well. I have watched many youtube videos about
    this subject and discovered most of these people lack experience or are
    just ignorant to real world real estate investing. When I started, I
    financed all of my homes and held a second. After all expenses, I was lucky
    to break even. I was able to do a number of deals and eventually got a free
    and clear home. Since then I discovered I must have a 1st and then the
    business was profitable. Today, all of my homes and properties are debt
    free. People tell me all the time how they want to do what I do and then
    they ask me how to do it. I tell them save, stay out of debt, educate
    yourself and buy. Do that over and over again

  6. Hi Phil just a quick question I found a property at a great prices here in
    las vegas I’m looking to buy it but don’t have the the total cost in the
    bank. What would be your opinion on what kind of loan to get so I don’t
    find myself in the hole if that makes since. Trying to make money not lose
    it! Thanks for your time greatly appreciated! 

  7. Hi Phil,
    I need your expertise advise. My credit sucks, I have about $250k in cash,
    I own a small business that generates about $120k a year, and I am a full
    time civil engineer. However, I now want more. My only limitation is
    obtaining a loan and also I am not sure what direction to go in as a real
    estate investor. Therefore, what is your advise. Buying and flipping?
    Buying and resale which is the first time I hear of and think is a good
    idea? I want short term investing for the meantime. I am trying to leave
    my civil engineering job so I could spend more time with my kidz. I am
    32yrs old

  8. Rachel Peppler on

    Hello Phil! I am Canadian and live on the West Coast. I just signed up for
    your course, Thank you for your passion. I have a scenario that I would
    like your thoughts on. I know what I would do, but I would like to hear
    what you would do to find out if I’m really getting this. I have a lot of
    creative ideas and not a lot of money, but I have two little boys that I
    would like to give education choices to as well as teach them to be wise
    and creative with whatever God places in their path.

    Here’s the scenario: Single family 3 bd home for sale by owner. Home has no
    mortgage, the daughter is selling her father’s home because he past away
    after living there for over 40 years. House has good bones, new windows.
    Asking 279,900 The home is close to schools, hospitals, shopping and in a
    well established family neighborhood.
    Interested party owns a Condo ( worth 178,000 across the street) 2 bd upper
    floor in an adult building. The condo is rented but the owner will be
    selling it to either the renter or someone else in 4 years. (2018) after
    owning it for 10 years.
    The owners of the condo, are renting the home they live in. are not
    interested in living in the home that is up for sale. They would like to
    ask a question to the seller of the home. Money up front after a haggled
    asking price?. OR give full asking price but “rent-to-own” per month for 4
    years until Condo can be sold and then sellers receive the remainder of the
    full original price.
    Interested party then (2018) would take out a much lower Mortgage, rent the
    home out for the next 4 – 7 years and sell. in the end. making exactly
    whatever the price of the home wood be.
    What would you do?
    Thanks Phil! :)

  9. hey phil , i would like to learn some professional real estate investment
    tips and exchange some funny stories with u 

  10. Elizabeth Rogers on

    Hi Phil
    I am starting out in this whole real estate journey and I am scared out of
    my mind but want to stick with it. I found a house that I want to contact
    the owner of the house but he lives out of state, the house is vacant and
    in need of a lot of repair. how do I go about writing a letter and starting
    to see if there a deal to be made here or not?

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