Skip to main content

Minority Mindset Community
Network with other Minority Mindset thinkers.

Tagged With "Leading Real Estate Marketing Agency"

Tagged With "Leading Real Estate Marketing Agency"

  • Buying A Home
    It's been a crazy year for home-buying, especially if its your first time doing so. I'm just curious: If you've bought a home this year, what's been your experience with that? Has the pandemic truly effected the options/process?
  • Topic Reply
    @Steve Awesome advice! Looking at every nook and cranny of a home is definitely a must of ALL home-buyers, not just the first-timers. Since you're a realtor, have you seen any of these buyer habits change because of the pandemic? (Are people buying houses faster, and sometimes ignoring the things you listed, because of the "speed" of the market, etc.?)
  • Topic Reply
    I advocate that Buyers smell the homes. Give it a sniff-test, or if considering remotely, have a Realtor do that and then showcase it through video phone call. Pictures do NOT tell the whole story. Pictures and video does not display a mold or smoke smell, or showcase the "aroma" of pet smells. Most pictures are showcased to highlight a property, not it's defects. On a recent tour I did for a rural home. It took me a while to find the driveway, which was a single-car width driveway with 45...
  • Stock Market Investing
    👍
    From what I understand, M2 teaches that we should try to build sources of passive income but I am struggling a little bit to understand how exactly that works with stock market investing. I completely understand it with real estate because there is a check that comes to you every month from rent payments, but the only thing I know that is similar to that in the stock market is by earning dividends. So is the idea to invest for dividend income or am missing something? Obviously if I bought a...
  • Topic Reply
    👍
    Hi @Landon Martin , we actually published a complete guide on this a little while back: https://theminoritymindset.com...ide-getting-started/ But essentially, if you wanted to gain passive income with stock market investing, you would have to invest in a company that offers its stockholders a dividend. Invest in enough companies that provide a dividend and you'll basically be paid for owning shares, AND you'll have the value of the stock you can sell at any time. Hope this helps!
  • Topic Reply
    👍
    It feels like the headline I see everyday is that the stock market rose on investors hope for the next stimulus bill or something similar. Obviously a lot of how the market is valued is based on how people feel but it seems like too much value has been placed on that recently and not enough on how companies are actually performing. Makes me think it can't continue like this forever but at the same time I don't know if that necessarily means a big drop in the market.
  • Starting A Business/Side Hustles
    It looks like many companies are switching to remote work for good and other industries may not return after the pandemic at all. What I want to know is, will working-from-home become the new standard for businesses, will jobs return after the pandemic is over? Or is the job market in the US changing dramatically right before our eyes? What are your thoughts? 🤔🤔
  • Topic Reply
    It can be very intimidating, especially in a seller's market. However, find a good agent that is experienced and they will be able to guide you. Buying your first home should not be done by yourself (I am biased but for very good reasons). There are a lot of mistakes that you can make. Most important is having a good down payment so that your payment is manageable. If your mortgage payment is too high (above 45% of your total income- can vary slightly), then it may be too much of a stretch.
  • Topic Reply
    👍
    My recommendation would be to have it appraised and then sell it to either your friend or list it with a Realtor. If you sell it to your friend, which is totally your choice, they either have to come up with their own financing (like through a bank), or you would provide it, and there are other people that may help. No different than selling them your car. Either someone gives them the money to give to you, or they make payments to you. Also just because the Zestimate is a certain value does...
  • Real Estate Investing
    The pandemic has up-ended just about every aspect of normal daily-life, from finances to investing. We've seen the craziness on Wall Street, buy what I want to know is this: Are you investing in real estate right now, or are you planning on waiting until after the pandemic? Why or why not? 🤔
  • Real Estate Investing
    Hello everyone! My wife and I intend to acquire our first rental property in the near future. Obviously 2020 has made such a venture a bit more tricky due to the unknown nature of what the real estate market will be like in the coming years while we navigate this pandemic. So I figured I would gauge the Minority Mindset community and get some opinions on whether acquiring a rental property for a first time investor is a good idea right now with interest rates so low, or wait and see what the...
  • Topic Reply
    Hey Nathan, I just got into ETFs/Stocks. I use Fidelity. I feel it's a real solid platform. I have heard Vanguard is also a great platform too. Of course you have WeBull, Robinhood, etc. Maybe someone will chime in with their experience.
  • Topic Reply
    😀☝️
    I have been using M1 Finance for awhile now and have been very happy with it. I really like building the pie chart portfolio that the money will automatically divide between and invest in. I also like that M1 allows you to own fractional shares of a company so that all of your money can be immediately invested and you dont have to save up until you can buy a full share of a company. A couple downsides to M1 is that you dont have exposure to the full market because they only allow certain...
  • Topic Reply
    👍
    I'm a multi-interests, creative grandma, transplanted to Phoenix, AZ from Detroit, MI. Having made the mindset shift needed, I'm focused on acquiring real estate to pass on to my grandchildren's grandchildren.
  • Topic Reply
    Hello All, My family was flipping before flipping was considered flipping so its something I’ve always wanted to do. I’ve heard many mention another housing market crash so I’m using this time to learn and study all I can so hopefully when the market prices go down I can make some good deals. -Michael
  • Topic Reply
    Hello! I am currently waiting during these weird times. It seems to be more of a seller market, hence why I am holding off. During this time, I am focusing on paying off one rental property and also saving up to buy the 4th for me to live in when things cool down a bit. I know Jaspreet also has a video on his IG stating that he is also holding off. Just does not make sense to buy right now depending on your goals. For me, it does not make sense.
  • #SpendingDetox
    👍
    This holiday season, I’m choosing Spending Detox Challenges #1 (Declare a “Zero Spending Zone”) and #4. (Buy Prepaid Cards). With Challenge #1, I plan to limit my habit of online shopping for Christmas by picking four days (November 23rd, November 30th, December 4th, and December 5th) in which I won’t spend at all. The real challenge here is to cut out Cyber Monday - I always head in with plans to buy cheap deals for family and friends, only to spend exclusively on myself. This year, I’m...
  • Topic Reply
    Hi Nathan, I am keeping an eye on the market and would make a move if the numbers/scenario fit, but I'm also being patient. There are still decent properties on the market now but you need to be informed, know your numbers and know what works for you. Be patient, because it is a seller's market and you don't want to be in over your head and spend too much. Best to wait it out and keep your eye out for the right one.
  • Stock Market Investing
    👍
    Metals like gold, and other 'new-age' stuff like crypto, seem to me like as good as or better than real estate, because you never know when your property will be seized or taxed by the government beyond what's worth it. IIRC he mentioned something about current tax benefits for RE vs. metals, and I haven't seen any of his new videos in months, so maybe something changed.
  • Real Estate Investing
    (btw I am terrible at spelling and punctuation) hey my name is Simon and I am 18 years old, I'm interested in getting into the real estate business . I watched one of the Beards videos about side hustles and found wholesaling and work for equity, haven't gotten a deal yet but I'm close! My goal is to own several diverse rental properties. My question, to get financing for a property would I have to wait till I have more income? or do I need more credit to take out a loan from a private...
  • Topic Reply
    👍
    I've been following their channel for 3 years, and I'd like to share my interpretation. Jaspreet usually refers to gold and Bitcoin not as an investment, but as an hedge against inflation and market overvaluation . They look at them as indicators moved by the choices made by "big investors", in the light of their interpretations and predictions on our economy. From this perspective, we have gold close to its highest evaluation in history , and this seems to suggest that big investors...
  • Topic Reply
    I recommend people get licensed. In many states, accepting a fee for real estate services requires a license. To me, it is always a good time to get started. For financing questions as a lender.
  • Stock Market Investing
    I had began the process of opening an account roughly 3 weeks ago and I have waited patiently for my account to be reviewed and accepted but it has yet to be approved. As I was browsing market news I came to an article stating the state of Massachusetts filed some grievance and I also read the SEC has dinged Robinhood for $65M. Is it over for Robinhood? Or will they find a way out? Share your thoughts.
  • Retirement Planning
    👍
    Hey all, I am new here. however I have been reviewing and listening to the topics for a while. What I am having difficulty on is this: 401K is pre tax dollars. Any investing money after you get paid is money that has been taxed. Shouldn't the best advice be for retirement planning to max out your 401K contributions before thinking on any other long term investing with after tax dollars? Max out means contribute a full $ amount you are allowed per year, which includes you employer...
  • Topic Reply
    Hello @Trevor , I was in the same predicament as you mentioned above on this thread. After doing some googling and reading a slight page of Dave Ramseys book, he pretty much mentioned the same thing that @Maykel said. Max out 401K. After that, invest in IRA (I would say ROTH) so when you pull out in the future, its already taxed. I personally am doing this now. Just started it. I would not want to get taxed from only pulling out from 401K. You mentioned real estate, I would recommend this...
  • Topic Reply
    👍👏
    Hello, I too am also trying to retire early. I also do not want to wait till I am 65 to retire and not have the energy as I do now to get around and travel. I see you have a great list here. However, for me what has worked the best is real estate. This brings in passive income from 3 properties. I have paid one off at the end of last year. Now all profit. Even though I want to buy another one for me to live in, I do not think its a buyers market with the influx in prices. I will wait it out.
  • Topic Reply
    Hello @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal...
  • Topic Reply
    @American.Champion , It is great you are starting early in life. Time will be your best asset. Make a strong effort in educating yourself in real estate, never stop learning. Also become disciplined in the art of savings. Having 'skin' in the game with your hard cash goes a long way to build credibility which will allow more opportunities to be presented. Be great at analyzing deals quickly and as accurate as you can - whether it be a single/multi, a house hack or flipped home. Keep in mind...
  • Topic Reply
    you both touch on a point: invest in 401K as much as your employer matches is the general advice. Tend to agree, however there are additional options to continue on 401k without matching. Something else mentioned is the idea of taxable retirement income vs non taxable (Roth). So thinking this is my action plan: In my circumstances I am past the beginning steps: 2k emergency fund, 8 month expenses liquid savings, no student, car or CC debt, no debt at all till I buy a home. 401K up to...
  • Stock Market Investing
    I have a couple of dollars; and would like to invest in Mutual Funds (my RRSPs) and a bit in stocks. I am very new to investing. How do I go about it.
  • Topic Reply
    Take a look at investment firms like Edward Jones, they often have unpublished money market accounts that yield better returns. Deposit that 1100 there and earn interest on it for the next few years, then pull it and pay a lump sum against the mortgage. But do check the numbers - if the interest earned does not exceed the compounded reduced principal, you might already be doing the best thing
  • Stock Market Investing
    👍
    What is recommended for starting kids saving money while investing in the stock market? Since the market gives better returns what platforms are best?
  • Topic Reply
    As a Realtor for 54 years I’ll tell you this “How to make a small fortune in Real Estate? - - - Start with a large one! Before you buy EDUCATE yourself on all the laws and market and pitfalls. Learn learn learn BEFORE you invest
  • Topic Reply
    Congrats on having put aside your 30% down payment. I understand where you are coming from since you are not having luck at the moment in finding a home and with time trickling by you're now finding yourself often thinking about this money burning a hole in your pocket. The thing is, rates are so low right now you would be lucky to get 0.2% in a high-interest bank account, so it is not really worth the effort to open one up. Resist any temptation whatsoever in putting this money in a stock...
  • Topic Reply
    Think before acting. Buying a property has a high frictional cost. You pay taxes to buy, and you pay commisions to realtors to sell unless you manage to sell yourself. Buying in another state is a huge hassle because when something goes wrong you have to pay someone else to deal with it. If you yourself are renting, you could buy a place to live in first. Unless the place you live is far cheaper to rent. If you are just getting started, the stock market is a more fluid way to build capital...
  • Topic Reply
    Joede, Never give up. There is no question that the best way to get rich is to have a rich parent who can give you a leg up. But if you have the desire, and the will, you can improve your situation. I think Minority Mindset really captures a lot of it. A lot of people overspend, and Jaspreet spends a lot of his effort trying to convince them not to. But it's hard. I personally am an overeater, but eating and spending are similar in the sense that you can't go cold turkey -- you have to eat,...
  • Topic Reply
    As to putting money into an IRA monthly, if you don't have the money to fund it up front, do that. If you can fund it right away, do it. If you are worried about the market going down, invest it in something else. If you are getting 0.1% in your bank account, or 0.1% in your IRA but not getting taxed, the IRA still wins. But if you look at a REIT, they pay interest and they are at least not corrolated well to the market in general. Make money as early as possible in your IRA if you can...
  • Topic Reply
    For certain high-net-worth individuals, life insurance is a way to pass on more millions to decendants without paying taxes. But financially insurance as an investment is reliably a good deal for your insurance agent, for you, not. Term life is a bet that you will die. If you "win" your family gets the money so they can survive without you. The other kind of life insurance which amasses value is a poor investment. It is better to buy term life while your family needs your income, and once...
  • Real Estate Investing
    These days everybody says take advantage of the low-interest rate, but is it really an advantage if I want to pay off my mortgage in 10-15 years? in my situation, I have to take 100-150k more in mortgage to compete in the current housing market... Also, the home prices have increased almost 20% ... ... low-interest-rate increased buying capacity but in most cases not giving you an option to buy the house you like. So you will be paying a premium for average properties... Please share your...
  • Topic Reply
    It’s not that he’s being mean or anything but as an immigrant he doesn’t necessarily understand the consequences of certain decisions. To him it’s perfectly reasonable for him to think when he is gone his wife would be able to continue their household as is and not have the govt take away their home. That is the problem with these things. Exactly as you said, you know how to maneuver around such impacts but the average lower income person doesn’t know how to or if they even do doesn’t have...
  • Welcome - Start Here & Introduce Yourself
    The disney+ hotstar mod apk is very simple as well as easy to use in real time. Also, the disney+ hotstar mod apk can be downloaded for free as well. It is developed and launched by Novi digital. The official name of this app is Hotstar. It comes under the entertainment genre with the app size of 20 MB only. It can be downloaded from the play store for free.
  • Welcome - Start Here & Introduce Yourself
    Long distance lamps are an astounding method to in a real sense light up cherished one's lives. Otherwise called touch lamps, these gadgets are an extraordinary answer for anybody isolated by a huge distance, including couples, closest companions and families. Being divided from somebody you adore can be painful. You need to feel as connected as could really be expected, yet the distance has different thoughts. How Long Distance Lamps Work? Long distance lamps are at least two lights that...
×
×
×