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Billionaire Advice to 20yr olds –
This is y advice to anyone in their 20's looking to make some serious bank.
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I’d also have a shave
My rent went up $200 as I watched this video. 😢
Someone is bad at math. A million dollars split between you and 9 buddies is only a 100 grand each.
That’s not the point! He is talking about borrowing that money from them that way it’s an interest free loan basically and everyone is happy
@@fouadaltaffi2695except everyone whose rent goes up 200 a mo & now looking to move someplace else they can afford. $10 to $50 bucks a month increase is considered a nuisance increase. Very few if any move over that. But a $200. Buck increases?
Let me do the math:
$200×32=$6,400 (32 units)
$6400×12=$76,800 (one year)
$76800×5=$384,000 (5 years)
The property with 32 units will cost probably 10 million dollars!
How much down payment can you run together from friends and family and who’s going to loan you that money?
The mortgage payments, management, upkeep… need to be subtracted from the rent amount to see what’s left as profits.
Saying it is easier than doing it!
He’s a little out of touch. Better off saying starting with a duplex renting that and going from there but he starts at 32 units lol
Actually if you go to college you can make a few million too!!! If you’re smart, if your dumb after going to college you won’t become a multi millionaire. ‼️💯💪🇺🇸❤️
that would be depending on what the major is. most college degrees wont give people a return on their investment. most degrees are useless at making money. Also, 4 years of college is going to be $160k of debt for just your basic college. That’s bad debt, especially if there is no return on it.
A/C goes out?
Not realistic