ilmscore | I BOUGHT A House For Only $1,200!

I BOUGHT A House For Only $1,200!

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The speaker believes many people anticipate a real estate crash leading to more affordable housing.
"a lot of people are feeling like the real estate prices are going to come down there's going to be a lot of affordable housing in the future because of the real estate crash"
Real Estate Market
Pending
The speaker expresses skepticism about a significant real estate crash happening.
"I don't know that we're going to see it"
Real Estate Market
Pending
The speaker, Brandon Schlichter, accumulated a $10 million real estate portfolio starting with $25,000 over eight years, having begun investing after obtaining his real estate license at 21 and being influenced by successful investors.
"my name is Brandon schlichter you might know me as investment Joy on YouTube Tick Tock social media I own over 130 rental properties I own two car washes a storage locker facility a laundromat a bunch of vending machines I have over 1 billion views all over the internet I wish that I had the information and the knowledge back then that I do today thankfully got a real estate license at 21 and it changed my life forever I went from not knowing anybody that made more than about 45 000 a year to suddenly I was around very intelligent Real Estate Investors we're not totally broke weren't totally poor I ran into a guy his name was Joe he was a truck driver just like my dad he was worth millions of dollars through investing in businesses and real estate these guys showed me the ropes and it took me about eight years to go from talking to those people to buying my first proper properties then in the eight years over that I started off with twenty five thousand dollars I've reached a 10 million dollar portfolio"
Real Estate Appreciation
Pending
The speaker's companies generate between $150,000 and $200,000 in monthly revenue.
"and we're pulling in between 150 and 200 000 in revenue between my companies every single month"
Rental Income
Pending
A property purchased for $150,000 is projected to increase in value to around $400,000.
"the value only paid 150 000 for this we'll probably go up to the 400 range"
Rental Property Value
Pending
A rental unit is expected to be turned over quickly and rented for approximately $650 per month.
"we'll get it turned over quick and probably rent it for 650 a month-ish based on the neighborhood"
Rental Income
Pending
A neighboring property is earning $200 per night.
"the next door neighbor is getting 200 a night in their place"
Rental Income
Pending
The speaker is currently experiencing a monthly loss of $14,000 in expected rental income.
"I did the numbers today and I'm down 14 000 a month in rent that I should be getting but I'm not"
Lost Rental Income
Pending
The cost to remove two trees is estimated at $2,500.
"it'll probably be 2 500 bucks to get both trees down"
Tree Removal Cost
Pending