Comments (10)

Aug 3, 2018

Lol.

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Aug 3, 2018
Buildtoown:

Lol.

Elaborate?

Aug 3, 2018
Doekim:

Those fags met on Grindr.

...

Funniest
Aug 3, 2018

I didn't realize you were actually looking for a serious answer. No, this guy is full of shit and this is a staged infomercial. This is based on me watching about 30secs of the beginning and then just skipped to the ending to confirm he puts the contact info out which will be a link or page to buy his "how to manual".

Using his 100k deal he flipped for 150k as an example, this acq and disp cost alone will run conservatively run 12k(7.5k commission and another 4.5k title/escrow). That leaves him 38k of profit which will be taxed as ordinary income leaving him with 25k. This is assuming he has no turn cost or hold interest at all. So at that rate, he'd have to do 40 deals since 18 or 20 a year to be a "millionaire".

If I wasn't bored as fuck after eating a huge ribeye, I wouldn't bother writing this response but I'm in a generous mood.

    • 15
Aug 3, 2018

I don't buy this guy's story. I do have a personal friend who is on Youtube and he has a net worth well over $1.5 MM (by my own calculations) and he's under 30. He's a lot more polished and doesn't wear a backyards Gucci hat though.
EDIT: Just watch 8:20 on this, dude brags about being a stoner then joining a pyramid scheme. This guy is a fucking joke.

    • 1
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Aug 4, 2018

I think this really depends on timing and location.

I have quite a few friends in real estate here in sf that became millionaires because they bought a few properties from 2009-2011. All of them are under 30.

Aug 4, 2018
ZenRE:

I think this really depends on timing and location.

I have quite a few friends in real estate here in sf that became millionaires because they bought a few properties from 2009-2011. All of them are under 30.

I also actually believe it. Prob got a few properties in 2012 then flipped em for a hundred grand or so profit.

Aug 4, 2018

Everyone in SF who bought btw 2009 and 2012 is a "millionaire" then. That being said, it still takes a few hundred grand down and more importantly, the right timing.

I bought a place is 2012 and 3 months later, my neighbor sold his smaller place on a smaller lot for just a hair under 400k more than what I paid for mine house next door to his.

Aug 4, 2018
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