The BIGGEST misconception about real estate

The BIGGEST misconception about real estate

🎥 Search "Leveling Up with Eric Siu" on YouTube to watch the full interview

[royt]

So it was your first big investment( wasn’t that long ago, because he is young)and you have no idea if it was 600, 000 or a million? Sounds like BS

[zonechaser]

Not only is it a shitty return, but you have to manage the property to get it. I get double digit passive returns for my investors and they don’t have to deal with tenants or toilets.

[tripptrey]

Anybody else think that the whole misconception was he actually did this. Dude doesn’t remember how much money he put down.

[terryheaton]

You have run the numbers before you buy an investment. Rents minus expenses and allow for six weeks of vacancy. If I did not an 8 % annual ROI I didn’t buy the property.
Also have to buy in an area that appeals to your target market demographic. That will minimize vacancy. Vacancy is what kills profits not repairs.

[montyjackson]

You are “making” the equity built ever month as well which is far more

[johnbnyc]

Put that in the market and make 100k a year literally doing nothing

[znation]

Yeah you could’ve just got a cheaper house that wasn’t in section 8.

[randycallow]

This guy will be cancelled!! He could have a show on TV and instead of showing a complete interior and exterior remodel happening before the 30 minute show is over, he could get real of finding a glazer to do a window or 2 for a reasonable price..or having your plumber or HVAC vendor tell you yes it can be fixed but professional courtesy is to be real, needs to be replaced, no more good money after bad!! All the propaganda telling people that buying, maintaining, insuring and renting property is routine, anyone and everyone can do it .

[Attamatic]

That’s 60k on 1mil plus capital gains on the property. That’s actually fantastic returns for the risk