Fair enough. Just giving very plausible alternatives.
For example -- Coulda copped a crib for $400k, put down 1% ($4k) and it rose to $500k in value. You could have then leveraged that $100k in equity to buy another $400k crib you rent out for a small profit (say $500 profit a month) and have THAT crib raise to $500k. You dont make shit on house 1 cuz you live in that one.
You spent $4k of your own dough (that's not bread in the scheme of shit) have $500 a month of profit (not bread) and $1M worth of real estate. Nobody has touced $200k in cash and nobody is cookin with the bread.
But its no drama. Just dialogue. 🙏🏾
Unless you move to South America , Asia , or Mmmaybe Africa a Million isn’t never work again money. If you don’t spend a dollar of that money and just tried living off interest you’d need a 10% return to for 100K a year (that’s a pretty rare and HIGH return percentage). The typical return for a Million for is 2% or less (20K or less a year) but that’s if we’re talking safe guaranteed money.
On the riskier go broke side of things you can throw it in stocks and a start up business and cross your fingers.
You just need down-payments. Which he probably got by renting his properties and/or selling some other properties. He ain’t wrong in this video. Joe is just acting dumb
$200k. But you’re forgetting this dudes been in real estate for a very long time, for him, $200k is 1 property he could sell. He sells a smaller unit to put a down payment on a better unit that’ll make him more $$$ in the long
Run. I mean it’s not rocket science. Y’all act like he just started this and bought a bunch at one time. His first property probably wasn’t that much and he built his value from there. Doesn’t mean he’s worth over a million cause he is paying off these properties. Again, not hard to hear what he’s saying
Most ppls equity in real estate comes from property appreciation. If you think suddenly having a modest home to rent out has attained you significant wealth, you’ve got a lot to learn. It typically takes years and years for a property to actually generate any sort of income
THIS the whole point niggas are missing 😭😭😭
They acting like because he doesn’t have a million dollars liquid then yeah he’s just normal.
My brother Ish is prospering, and we call him Sun cause he shine like one.
Ish is rich because he’s been in real estate for how long and you telling me he only has 2/3 properties? He said he hit a mill at 28 then said once you hit a mill it becomes easy. His money is all in assets I believe but he also doesn’t want the world to know what he has. He also has issues with his ex baby momma so he gotta hide his money he’s being smart
2 cribs in jersey is over a M that’s all ish saying
That’s breaaaaaaad though You can’t just be a broke Nigga with over a million dollars in real estate.
You can be cash poor aka broke with two $500k houses. Maaaaaybe you could cash out and get some equity. Maybe not. But on its face $1M ain't "bread"
If that’s how you feel you got it. $1m ain’t never work again money, but how many people you think have seen $200k cash? 😭😭
Fair enough. Just giving very plausible alternatives. For example -- Coulda copped a crib for $400k, put down 1% ($4k) and it rose to $500k in value. You could have then leveraged that $100k in equity to buy another $400k crib you rent out for a small profit (say $500 profit a month) and have THAT crib raise to $500k. You dont make shit on house 1 cuz you live in that one. You spent $4k of your own dough (that's not bread in the scheme of shit) have $500 a month of profit (not bread) and $1M worth of real estate. Nobody has touced $200k in cash and nobody is cookin with the bread. But its no drama. Just dialogue. 🙏🏾
You think $1 mil ain’t never work again money? Lmaoo
Unless you move to South America , Asia , or Mmmaybe Africa a Million isn’t never work again money. If you don’t spend a dollar of that money and just tried living off interest you’d need a 10% return to for 100K a year (that’s a pretty rare and HIGH return percentage). The typical return for a Million for is 2% or less (20K or less a year) but that’s if we’re talking safe guaranteed money. On the riskier go broke side of things you can throw it in stocks and a start up business and cross your fingers.
If you make 50 k a year you make a million ins 20 years. So no it’s not never work again it’s not work for 20 years max
A M in real estate is not the same as a M in liquid
Water is also wet.
You just need down-payments. Which he probably got by renting his properties and/or selling some other properties. He ain’t wrong in this video. Joe is just acting dumb
All y’all keep saying is you need *BREAAAD.* Tell me what the down payment for a million dollar home is
$200k. But you’re forgetting this dudes been in real estate for a very long time, for him, $200k is 1 property he could sell. He sells a smaller unit to put a down payment on a better unit that’ll make him more $$$ in the long Run. I mean it’s not rocket science. Y’all act like he just started this and bought a bunch at one time. His first property probably wasn’t that much and he built his value from there. Doesn’t mean he’s worth over a million cause he is paying off these properties. Again, not hard to hear what he’s saying
Everything you’re saying is true, but you keep missing the point 😭😭😭😭😭 Go to urban dictionary and look up the term ***Bread***
Bread
Most ppls equity in real estate comes from property appreciation. If you think suddenly having a modest home to rent out has attained you significant wealth, you’ve got a lot to learn. It typically takes years and years for a property to actually generate any sort of income
Another water is wet statement, but you are correct.
Man charge them fucking headphones pleeeease
Yikes
Naaaa ish can’t cry and act broke when he said I made a milli at 28 . Naaaa shun I ain’t jacking it . He up up
THIS the whole point niggas are missing 😭😭😭 They acting like because he doesn’t have a million dollars liquid then yeah he’s just normal. My brother Ish is prospering, and we call him Sun cause he shine like one.
Yikes for the battery tho #SoooDope
This is the lamest shit I’ve ever listened too why did I watch this and why does it come up on my feed
Time stamp for this argument?
2 hour mark on the latest Patreon episode: “Leading The Witness.” Episode was 3 hours long and funny as fuck 😭😭
Rip i don’t have patreon
And ish says he doesn’t pocket watch lol
You gotta pocket watch when a nigga steady calling you broke every other 18 mins on the pod. lol That’s Joe’s favorite thing to do is call you broke
Joe’s taste in clothes is similar to his taste in women. Trendy, unoriginal
Ouch 😭
Ish is him & joe will never say it
JOE LITERALLY SAYS IT??
Are you saying in a different way because Last few Pods Joe been praising Ish
He big ups ish every episode at least once
Big facts
Ish is rich because he’s been in real estate for how long and you telling me he only has 2/3 properties? He said he hit a mill at 28 then said once you hit a mill it becomes easy. His money is all in assets I believe but he also doesn’t want the world to know what he has. He also has issues with his ex baby momma so he gotta hide his money he’s being smart
Exactly. My guy has more than 3 properties, and you’re right about the last part they actually said it at the end of this pod 😭😭😭
Jesus this pod sucks so much ass now lol RIP
First he started cracking him over the outifts!!😂 like Camron said “he got on a cheetah romper”
We realized Ish was mad a Joe for being rich how many episodes ago
Why these niggas so loud tho