IF YOU MAKE 30K A YEAR YOU COULD BUY A RENTAL PROPERTY

My guys @djenvy @flipping_nj did a great interview on @drinkchamps and in it @flipping_nj broke down how you could work at Walmart and make 30k a year and buy a rental property. That’s when folks went crazy in the comments & dms saying it was bullshit so I decided to do a video breaking down what @flipping_nj was explaining to you from a lenders perspective.
Many people who don’t make a lot of money get told they can’t buy real estate and it’s simply not true. You definitely can if you are disciplined with your debt & savings.
If you want to learn more about real estate from experts in the field our last seminar is Dec 15th in NY at the Javits Center. Link in my bio to get your tickets today.
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#fromstart2flip

[tahirisaid]

I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20, 000 per yr through my business. I realized that the secret to making a million is making better investments.

[Adamwayne]

Nice video, though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it. Now is the time to buy the dip and it's an opportunity that will grant you all the luxury you crave for.

[narkidahall]

This should have more likes. Amazing info!!!

[sheriboyd]

Set something up an event in California, plz 😊

[missdesireindependance]

Yes, you could qualify but it would be a challenge affording it until you can find a renter.

[Karl__Pierre]

Great add...might have to jack this video concept think it's a nice topic to cover. On my channel I always recommend that new investors start with FHA. Perfect for house hacking and building cashflow for the not so well capitalized investor!

[bullyboy]

Thank you for making these videos. I’m graduating in May, and plan to get into the real estate

[michaelholt]

You not getting 3-4 units in NJ for 300k, not even a year ago. Barely can find a single family for 300k. Unrealistic examples, but I get it.

[BecomingFamous.]

What bank will let you max dti and use future rents for income to qualify for mortgage? Serious question

[cm]

Question: I was told that I could not use estimated income from a rental property that I did not already own because it was considered FUTURE earnings and not guaranteed. How true is this statement? Because in your example here, your calculations included estimated future earnings from the 2 rental units.

[krystalx]

I’m confused. How/why would the the lender use their “rental” income b4 you qualify for the loan? Like, how/why would the add additional income if they don’t have it yet ?

[mscervantesr]

This video is awesome and the numbers are encouraging. How long do I have to be an owner-occupant so that I can seek to purchase a second multi-family?

[fatimaharrison]

I never see grants for Multi-family unless it was through Naca.

[MeetLou]

How much of a gift from family member can I receive? and whats the cons

[UFCReno]

What about closing costs? Also how can you get approved for 300k do I need more cash reserves?

[Its_ruthiesjourney]

Hi thanks for the video, how can this be done when you have already purchased your first home using FHA for a single family home 🤦🏽‍♀️ (I didn’t know better)

[bumblingsahm]

So where I live I would be multiplying by 10 percent 😤

[presidentialenterprise]

Is it a way to do this if u already have one property and don’t qualify for FHA loan ????

[daveh]

The real estate seminar was eye opening. Matt dropping gems real time made me feel like anybody (including me) can go get property properly. I ain’t living in no laundromat or am I?! 😆 Following #MGTheMortgageGuy makes sense/cents then dollars!!!

[DQueezy]

Is it possible to House hack even with a large family?? My only fear is not finding a property with enough space for us let alone other tenants....