6 Not So Obvious Tips From Experienced Skip Your Bank! These 1 week ago   06:59

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BiggerPockets
If you're a newbie investor there is no need to reinvent the wheel.

Here are 6 tips to help minimize your mistakes and headaches when starting out as a newbie landlord!

- https://biggerpockets.com

Comments 764 Comments

ekim's unopened parachute
You need to edit the videos that you put on here. Raw video is lazy and tedious to watch.
Romelia Bury
She paused so much... i thought the video wasn't loading...
baby khan
#7 invest in beauty products
pawprints pitterpatter
This woman assumes everyone's a scumbag and out to get you. I think she has terrible instincts if all her clients have left this kinda taste in her mouth.
Brian Warren
"How to be a more profitable slum-lord in 6 easy steps."
Jake Britton
I had many of these tips in a business once, and all the ideas were taken and made no money. Tip: just share ideas freely, costs much less.
Brendan Garvin
If you're unlucky enough to get a "nightmare tenant", it's probably because the good tenants all looked at your disgusting hovel and walked away.
avatarofcloud
You look like every fucking female I've ever seen in a leasing office ever.
Kelly T
You look like one of those evils dikes,I hate your face and your shirt and your unhappy,miserable overweightness,not a word but go fuck yourself unless I'm totally wrong and you aren't an evil bitch who has run up late fees on people trying to survive,eventually making their late fees as much as their initial late rent ,forcing them into the street and still taking them to court to get a fuckin judgement against them to ruin their credit.Rot in Hell.I am not watching you video ad to not support you in any way you sub human.If I'm wrong about you I didn't mean anything
Douglas Felts
Im going to be honest...i respect all people willing to be landlords...i can be a bad guy but a good landlord has to be supervillain. To succeed you have to evict legitimate excuse people at the behest of the other company...i prefer to be fair.
So in all fairness id never be landlord....id send landlord requests to one who does it in database.
Ill refer tenants to landlords...but the rest of that is not what ill ever do.
raventhorX
I think the car thing is a little unfair to judge a person on. If said person has had difficulty getting funds to rent they could have been living out of their car for a while and no matter what you say that car is going to get quite messy until said person stops living in it. There are also people who are fairly clean but who are too lazy to clean out their car such as myself. Doesn't mean the house or rental is going to get trashed.
xyz panther
This is why it's really horrible renting a room cuz the owner treat you like a pet. Can you imagine living in the house of this lady!
Ame K
If a landlord walked me out to my car and “took a peak inside” trying to be sneaky I’d say audios to them! I think your tips sucked tbh
E Chew
Tattoos on old people. Ugh
P North
Rule #1: Don’t rent to coloreds.
susan jones
huh
HH James
No dogs or cats over 20#. No parrots. No waterbeds. No aquariums over 10 gallons. No subletting. No visitors over 14 days without written permission.
Robert Haworth
Beware the cute, chipper, professional blonde whose background and application look great, but who is fronting for a worthless criminal b/f whose name won't be on the application, but who will move-in with her on about Day 2. Identify and screen EVERYONE over 17 who will live on the property.
edy consciouspi
Renting as a career is immoral. I note you people don't know better. In our society investors get the property first is repulsively amoral. ALL PEOPLE HAVE A RIGHT TO THEIR OWN HOME. PRETENTIOUS IS BETTER THAN OTHER PEOPLE WON'T AGREE.
Doug 1
Great
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Skip Your Bank! These 6 Not So Obvious Tips From Experienced 1 week ago   17:49

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Let’s see if this sounds familiar….you have some money sitting in a savings account and it is probably making next to nothing. If you are not really sure what to do, you have several options. 🤔

You can go to a bank and stick it in a savings or money market account, chances are they are not going to pay you anything. If there were, you wouldn’t be watching this video.

With that in mind, I want to talk about 7 alternatives to placing you savings into a bank. 🏦

I am also going to share a client story with you about where a client was keeping his cash. (You won’t believe where he was keeping it or how much he was keeping there!)

So let's dive right into your options:

➡️ Online savings [1:10] - Any sort of online savings or bank account (just make sure they have FDIC). They have a lot less overhead than traditional brick and mortar - this could mean higher interest rates.

➡️ US Treasuries (TBills) [3:54] - It may seem a little old school - but you can do all of this online.

➡️ High Dividend Stocks [4:42] - This is a little higher risk and not somewhere you want short-term money. Just because a stock pays a dividend doesn’t mean it won’t drop in value.

➡️ Bonds [6:27] - You are most likely not going to buy individual bonds, but rather bond mutual funds. I would suggest ETFs, just remember higher yield = higher risk.

➡️ Blended Portfolio [9:30] - This would be a mix of stocks and bonds, and utilizing ETFs to get this blend. You can utilize a platform like Betterment or Wealthfront.

🤯 Before we get to the last two, I want to tell you about this client ...he had $140,000 in a safe in his basement. I can’t remember how long he had this cash sitting there, but I thought it was crazy. Sitting there, making nothing for him. This is an option that you DO NOT pick.🤯

➡️ Real Estate Investment Trusts (REITs) [12:14] - This is a way to invest in real estate without managing properties. You can buy these many different ways, the simplest is to buy a REIT ETF. Another is online real estate investing, my favorite platform for this is Fundrise.

➡️ Peer-To-Peer Lending [14:25] - This allows YOU to be the bank. You are lending money to other peers. The great thing is, you can see their reasons for borrowing. This allows you to set your risk level.

That is my top 7 alternatives to bank accounts. You can pick as many or as few of these options as you like. I just wanted to share that there is more than one way to invest and earn interest.

Which options sounds the most attractive to you?

Are you already using one or more of these options? Let us know how this is going for you.

★☆★Resources Mentioned in Video★☆★


📉 https://www.goodfinancialcents.com/resources/fundrise-youtube-invest-500.php
📉https://www.goodfinancialcents.com/resources/lendingclubinv-youtube-get-started-with-lc.php
📈 https://www.goodfinancialcents.com/resources/betterment-youtube-invest-500.php
📉 https://www.goodfinancialcents.com/resources/ally-youtube-invest-500.php
📉 https://www.goodfinancialcents.com/resources/etrade-youtube-invest-500.php

★☆★ Want More Good Financial Cents? ★☆★

💻 Check out my blog here: https://www.goodfinancialcents.com/

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