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*This is the worst real estate investing advice I’ve ever heard—and I KEEP hearing it.* If you go on 90% of “real estate investing” TikTok pages, they say the same thing: use other people’s money, wait for the crash, interest rates _will_ go down…and that’s not even the worst of the advice.
This type of real estate advice *will make investors broke,* put them in riskier positions, and *stop them from retiring (early) with rental properties.* I should know, I became financially free in just over a decade of real estate investing, and I didn’t follow ANY of the advice I’ll mention in today’s video.
If you’re about to buy an investment property with negative cash flow or skip small rentals and go right to the big buildings (multifamily), *do not skip this video.* Following any of this so-called investing “advice” could *push you back a further ten, twenty, or thirty years from financial freedom,* while the rest of the real investors hit their early retirement in just a decade.
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00:00 Intro 00:53 1. It Takes Too Long 03:16 2. Skip Residential Real Estate 05:33 3. Negative Cash Flow is Worth It 07:58 Sponsor: Baselane! 08:51 4. Door Count Matters 11:05 5. Wait for the Crash 14:36 6. Use Other People’s Money 16:31 7. Date the Rate, Marry the House 18:38 8. Rentals Mean Passive Income 20:29 9. This Strategy is DEAD 22:23 10. Quit Your Job for Real Estate
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By: BiggerPockets Title: The WORST Real Estate Investing Advice I’ve Ever Heard… Sourced From: www.youtube.com/watch?v=42JbVO6FWTs
