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The Breakfast Club features celebrity interviews, Charlamagne tha God’s Donkey of the Day, Angela Yee’s Rumor Reports, DJ Envy’s mixes and so much more! Every guest visiting the world’s most dangerous morning show is grilled with their signature blend of honesty and humor. The results are the best interviews to be found on radio.
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Thank you
Love this type of educational content. We need more of these for our community to reach financial freedom.
How much money would you need if your going to invest in Passaic County, 10k 20k 30k or more? Anyone know what would be recommended or how much you had when you bought yours
FHA is good, NACA (Neighborhood Assistance Corporation of America) is better.
MESSAGE TO WOMEN WITH KIDS. STOP BLOWING INCOME TAXES AND INVEST IN A HOUSE. 8.5% DOWN(DOWN PAYMENT + CLOSING). PUT MONEY AWAY FOR PRIVATE MORTGAGE INSURANCE FOR THE WHOLE YEAR (ATLEAST 2000).
Great interview-
Real estate investing is a numbers game- being fortunate and being in the right place at the right time..
how many people are willing to sell their property at discount unless they’re in distress.. the 100k is too low and example-lets stick with the average across the country.. a market that’s selling a property straight up for a 100k tells me the rent is comparable low.. the example imma lay out here suits non the less..
(The example they laid out of the woman who buys a investment property and pulling in $2000 profit per month is far and in between)
The problem I have with the recommendation of 1st time home buyers going with FHA and 3% down on buying a home is, it compounds on the problem we’re facing today with rising rents…
20% down on a 400k property would (for arguement sake) put your monthly mortgage payments at $4000 , and your mortgage would be more manageable with the rent you collect and allocate to the monthly mortgage payments and other overheads- but at 3% down,it would then put your monthly mortgage payments at $7000(for argument sake)- then that forces you to always reach for the top end of the rental rate to make up that high monthly mortgage payments of about $7000 plus overhead.. every time a new property owner reach for the high end of the rental rate the bar keep moving higher- no property owner wanna go into their pockets to make up the difference(after collected rent) in the mortgage payments- and that’s what you’re faced with when only putting 3% down- especially if you’re paying top dollars for said property.. housing prices have steadily gone up- and very few deals are out there where you can get a huge discount of a property purchase price…
Price of rent is getting out of hand(especially in states like new york)- the question is why? The circle of everybody in this game that’s ripping and constantly moving the revenue bar at their end of the game- then it’s becomes a domino effect
Why are we in this game!? – solely to make money or to also help our communities find quality reasonable priced rentals ? 🤔
Need more pieces like this
Ok, so Big pun is here .. LOL
I learned a lot from this interview. Thanks
I would honestly hate to have Yee as a friend or a GF, she talks way too much and I know she wouldn’t stop if she didn’t have to EURGH!