HOW MUCH 💵 I MAKE on a $240,000 PROPERTY (1st 🏡 investment)

Here I break down the numbers on how much I make on my first rental property! Finally doing YouTube shorts btw :) Let me know what you think about this deal, and if you like these type of short form videos!

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While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Sharon Tseung is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.

[jaquemo-sqfh]

Most vital tip to investing in real estate today: get a time machine, go back a decade or so and buy as many houses you can get approved for.

[StarSnow]

People that bought in 2012 have NO BUSINESS giving advice on home sales or rentals now.

[ChristopherAbelman]

Rather than relying on penny stocks, I wish to diversify my assets by investing in real estate and mutual funds and stocks of corporations with stable cash flows. I have a high interest mortgage and I’m wondering if to pay to off or purchase more real estate and flip. What should I do?

[fattrolls]

From my basic understanding this is how it’s done. You got a property manager instead of being tied to the property. Who’s arguing with $600 extra in their pocket pure cash flow??

[bigxrecords]

Imagine selling that house then getting an apartment complex

[Brandon-tzpn]

My first home I got with the va loan. Bought it for 350k in 2021 and now its worth almost 500k. Now rent it out for 3900$. 0$ down but I paid about 5000$ in closing costs and what not. My mortgage is only 2200 and property manager takes out 10%. Best thing I ever did.

[endofsociety]

"IF" you can sell it for that much in this economy. At that price, it would cost the new owners more than twice as much as it costs you. If they were to take out a mortgage that is.

[Nicktheflawlesskid]

The only thing I would definitely NOT do is set aside only 10% for repairs it needs to be closer to like 20% of the property VALUE. Just set aside for things of that nature.

[jackpizzo]

You are making $600 a month. That is $7200 per year. Let’s say you have 50% equity in the house at this point t and the house is worth $500k. That’s $7200 per year on equity of $250k. That’s less than a 3% annual return. If you took that equity and put it in a decent mutual fund you could get 3 times that return without the headaches of owning a rental property. Which one sounds more like “passive income”?

[thenoobentrepreneur]

🔥🔥brilliantly done! Nj loan officer here . Stay Blessed

[imdoc]

This is why I love investing in RE! Don’t forget all the tax deductions.

[tien]

You may never know the value of that little money you have until you go bankrupt the bad experience I had last year really made me feel our school curriculum should have more financial literacy and education... It is never enough to have a good job, a huge salary and all the luxuries at your disposal, ... But putting some money aside and investing it wisely is never a bad idea, ... I learned to invest, no matter how small but life really taught me the hard way.... Investing gives you an edge over tomorrow.... I hope everyone learns too
God bless you in your efforts to educate others, it is always interesting to watch your contents.

[LarryTravels]

What advice would you give someone with a VÀ home loan benefit who has never bought a house but wants to make money in real estate?

[finishwithfedynich]

Calling all aspiring real estate entrepreneurs! 🔥

[sophiasummers]

Move into that property for 3 years. Sell it and avoid taxes on the capital gains. Rinse and repeat on properties that might be aging out of the rental market.

[tollbridgeahead]

You sell it, then pay capital gains unless you replace it with another passive income property.

[TrustedBanterSociety]

That’s great, but will not be a deal that anyone can find for the same home in the future. That same home is now probably worth x2 or more the original purchase price. Do you sell it or keep renting?..

[Rinconmaniac]

So wouldn't it make more sense then to put it up for sale and take the profit to purchase two properties? Or get a second mortgage on it for another down payment?

[aftech]

I told my brothers and sisters in 2015 to always buy and not rent … now they are paying rent more than the price of the mortgage, worst they cant afford a home now with high interest rates bidding going on … cant afford the down payment, they could have easily bought the home/s years before the pandemic …

Anyhow from 2015 to now i now own 5 properties my wife owns 2 and a farm … everything is appreciating in value and we maintain our properties well were on top pf minor / major repairs and hire the best PM in the areas who vet for the best renters w/good jobs paying the highest rent … real estate is the easiest path to financial freedom…

[RealLuxuryByShayla]

I appreciate the transparency about how your building wealth for your family. I hope others will listen and take action!