SNEAKO - Myron Teaches SNEAKO The In's & Out's Of Real Estate!

00:00:00.000 there you go darkuno 20 stico fortunately we can't get involved in real estate as muslims as

00:00:06.820 it involves interest anything involving interest is completely haram i usually don't donate to

00:00:11.120 anyone but need to save you wait what the fuck muslims can't buy real estate

00:00:15.380 he's being super strict because because of usering chat other muslims in the chat

00:00:21.300 can i that's fucking no you can't buy real estate but he's saying you can't take a loan on it because

00:00:26.220 you pay interest with loans but that's like some of the basics of real estate that's exactly

00:00:29.920 you have to take a loan unless he's basically telling you you got to buy houses cash

00:00:34.080 because that that way you don't have interest

00:00:36.680 but it's very difficult to buy houses cash and it's not intelligent

00:00:41.660 well you think like muhammad ajab and like all the like is muslim twitter gonna get mad at me if i

00:00:47.300 like buy real estate they might i wouldn't even disclose it i don't drink i'm come on man i'm gonna

00:00:53.640 take out yeah i mean the thing is like that's just not even though i understand the reason for it

00:00:59.600 like everything in america is built on interest everything will because for obvious reasons but

00:01:05.600 any western country is going to be dependent upon interest if you have a mortgage that's interest

00:01:10.020 bro like what do you would you live in a house you probably have a mortgage on that house you're

00:01:14.240 paying interest so that's around you have your bank your money in a bank account the bank is lending

00:01:19.540 your money out on interest

00:01:20.740 bro this is yo there's no way to avoid usury in the west there's no way what about uh everything

00:01:34.160 is based around interest that's how that's how that's how lending in general makes money so that

00:01:38.240 you if you want to borrow money credit cards interest yeah wait so is it harm about credit cards

00:01:44.460 see that depends on how religious you want to go so but like you can go down the quran is that

00:01:48.940 haram to have credit cards because i have multiple i i guess maybe if you're like super religious it

00:01:53.420 can't they can interpret it as that because credit cards charge you interest if you don't pay in full

00:01:56.580 chat respectfully like if you're gonna go criticize me for that that's why i don't claim to be a great

00:02:02.480 muslim because there's a shit like this how much stuff do i have to give up pork fun alcohol women

00:02:10.320 gambling music about everything i can't even invest my money yeah no no no no no no no no no no no no

00:02:21.280 you can invest but you can't invest it into things that involve usury but any real investment typically

00:02:26.560 deals with interest unfortunately that's just how it is they're saying credit cards are wrong yeah

00:02:31.300 okay i'm gonna ask shake with mine about that but uh okay no cloud alex okay is this better

00:02:37.880 sneak on mine what's a good advice to leave alcohol bro just fucking quit you have to quit

00:02:41.920 bro like you just have to go cold turkey and you gotta quit you just have to accept the fact that

00:02:45.880 like alcohol is not in your best interest as a man and it's gonna set you up for failure alcohol the

00:02:50.640 only people that can get away with being alcoholics all day are women bro sorry great way become a

00:02:55.480 muslim there you go if you start drinking alcohol you're gonna go to hell if you're a christian you

00:02:58.560 could drink all day it's not beneficial man alcohol is for losers anyway it is well it's fun

00:03:01.980 sometimes it is fun no no no having fun it's fun i get it i get it it is fun but it bro it's it's

00:03:07.280 fucking it's waste of time though it really is a fucking waste of time

00:03:10.620 it's tough man it's it's been wallahi it's been three months in a week now since i had a sip of

00:03:18.320 alcohol on every good on my life on my i don't want to like you probably feel better it's so much

00:03:24.220 more it's way better like having i feel better i have more energy but like having fun as an adult

00:03:28.800 is so hard without alcohol like what do you do like you're like a robot like you don't do

00:03:33.560 like what am i supposed to do now like i look at shooters i told you shooters as a jewel i could

00:03:38.360 be like dirt biking and skydiving and like shooting guns out of helicopters and stuff yeah but that's

00:03:42.160 fun like once a month yeah i don't have that much you don't even bro you can't swim so even when we

00:03:46.680 like go to yacht myron's like not even jet skiing like myron's really black but like how do we have

00:03:51.840 fun like that i mean i just take enjoyment in like simple shit man true crime watching the history

00:03:59.520 documentaries learning more about a certain guy that had a mustache that's what you so after a

00:04:05.880 long day of like yelling at girls you live there and you're watching documentaries about what happened

00:04:11.260 between 1939 and 1945 like that's what you really do for fun um friday night like let me watch a

00:04:16.680 history documentary yes i just make sure that i don't get declined from an art school that you

00:04:21.840 don't what i just make sure that i don't get declined from an art school whoa whoa whoa come on

00:04:26.740 that can't be the only idea of fun that's that's it pretty much i try to avoid getting the client

00:04:31.500 from art school so don't go crazy okay you know i actually got denied from art school you did it

00:04:39.180 yeah like literally that explains so much your mind's about to make fun of me for this you know

00:04:45.060 my first choice school was uh emerson college in boston as uh that's fucking gay and you want to

00:04:52.120 hear what the major was that's a gay ass first choice i'm 18 like what i wanted to do all the facts go

00:04:55.640 there comedic arts degree wow dude you might as well just applied for boston conservatory as well

00:05:02.660 that's a gay dancing school i might as well just thrown 150 000 directly into boston yeah like facts

00:05:08.260 and really think about it in hindsight what the like i was denied for and i got rejected they

00:05:14.240 didn't even accept me it was a really like selective school or whatever and i i got rejected from a comedy

00:05:19.200 school i wonder like how successful like the people that like got uh and how do they even judge like

00:05:24.300 you're not funny like there was no comedy aspect they looked at my gpa oh that's good for a comedy

00:05:29.820 school yeah that's gay like you should go up there and it should be stand up in front of the the board

00:05:34.380 it should be in front of the admissions office yeah yeah you gotta like do a routine what's the deal

00:05:38.260 with this faggot school like it should be something like that i got rejected and then i'm like i don't

00:05:43.600 know what to do and then i got accepted into um uh the film school that in new york i don't want to

00:05:49.080 whatever but some gay film school i actually have that origin story of being rejected from

00:05:53.900 that was my number one choice i was fiending to go there i remember taking a trip and all that

00:05:57.220 wait why is emerson known as a as the gay school i don't know i'm just because you don't want to

00:06:00.700 say the name so i'm just going to call it the gay school emerson oh emerson is gay yeah yeah oh

00:06:04.280 yeah why boston conservatory school as well those music schools are berkeley all gay there's a lot of

00:06:10.020 those in that boston yeah huge yeah the boston is super woke dude it was already starting to get

00:06:14.100 gay when i when i left in 2013 it's it's even more woke now way more woke i remember people i

00:06:20.180 wore a make america great again hat in like 2015 2016 a troll and everyone was pissed off that's

00:06:25.360 why when nick was talking about that like he would get assaulted in shells like damn i feel that yeah

00:06:28.940 that was actually that was me i had a make america great again t-shirt and then people were like

00:06:32.960 like glaring at me yeah bro democrats were literally like stole it from my dorm room someone took it out

00:06:37.260 of my closet and tried to like get rid of like they hid it for me it was a fucking shirt i wouldn't attack

00:06:41.640 someone for wearing a bernie shirt but people are dude it it's and it's always the liberals that

00:06:45.680 are the most violent dude antifa all that shit they're saying your hairline's looking good they're

00:06:50.680 spamming that look at this fucking dude hey man appreciate that guys i'm trying to bring the waves

00:06:54.480 back y'all can yo you wear a do-rag what myron's got a dewy chat only at night time what no no no no

00:07:04.080 next stream no no no no no oh god if you come in here you come here all the time with the hood

00:07:09.440 all these costumes chat type of one if you want to see do-rag myron pull up and it's not even a

00:07:15.100 costume you actually do-rag myron then i'm gonna bring them coming in what the yo no angie can you

00:07:20.700 bring me my brush yeah i i'm uh i'm a brush i got a brush man i got a nigga brush but if i'm gonna

00:07:28.580 come in with the with the do-rag i'm coming in with the white hood too i gotta balance it out

00:07:34.340 wear it underneath at least i gotta go black and white no no no no we're on the home page for once

00:07:38.120 they can't bro i can't i can't i can't do the white hood on the home page i i no more no more no more

00:07:42.900 bro you only did it like three times all the drawings are about it yo myron's a fucking yeah man

00:07:47.520 i got the dual side brush too so it's gonna take another like week or two to fully come in and look

00:07:54.460 at all these ones myron they just started i just started for a week i've been doing this for a

00:07:58.240 couple days now can you come and smoke at a black and mild with a do-rag on wait what color is the

00:08:04.800 do-rag is it purple oh it's okay okay okay do you have a picture of you in it hell no you have a

00:08:10.340 picture of him in it right she doesn't she doesn't you do right okay let me not talk to your girl okay

00:08:15.860 and if she does i'm gonna sean connery her what the nothing you're gonna get sean connery

00:08:23.420 i slap my woman okay okay um rush this crazy there we go hey that's a good one that is a good

00:08:33.480 one chat fire no the best one is still that the other one but shout out to you um technical legal

00:08:41.240 are we gonna do a real estate they've been asking okay hold on let me finish the drawing damn

00:08:44.300 all right rushing me well you get 18 looking at fucking drawers man there's fresh you want to

00:08:50.720 skip this this is actually funny this is the kind thing you want to skip there's a black blob

00:08:54.500 chat does this look like fresh is the best drawing yes or no this is a black blob

00:08:57.180 you think uh fresh is up right now he's just working at the club i want to call him

00:09:02.680 but fresh has never came on my stream i really want to come on never ask i i've been one time he

00:09:09.040 came here and then he's left when he's in the lobby he didn't even come up what the fuck bro

00:09:12.600 i mean you remember that because he didn't like want to go up the elevator or some bullshit

00:09:15.420 whatever fuck uh what about this one this is me you and fresh

00:09:18.800 oh i see is that me in the middle yep oh fantastic yeah yeah so you you have enough

00:09:24.140 hood content all right like uh you got enough you got plenty you made your impression clearly

00:09:28.780 you did it okay do ragmeyer to balance it out w black people okay all right um but i'm bringing

00:09:35.280 the hood too what about fresh here he's good is that him on the right yeah as a monkey yeah

00:09:40.320 what do you mean that's just fresh that's not a monkey that's funny okay more more more

00:09:44.080 shout out to w racism man and why do you look like yay you look like kanye here what the fuck

00:09:51.300 and then sneaker follow me on insta nope no i'm not i don't care about you and whoa what do you mean

00:09:58.780 like i have to fucking lie and act like oh yeah random guy okay fine do you want me to follow him

00:10:02.640 wait am i am i being at l hollywood dip low key okay fine i'm gonna follow him no i'm lying i'm

00:10:09.120 not going to um moving on moving on send him a dm then at least look at front you look like the

00:10:14.660 girls that you kick off of your show right now hey man can you pat your head like that too when

00:10:19.560 you do it no i don't put a product in my hair and i wash it every day but uh that's the difference

00:10:24.720 but the thing is is that to get the waves going you have to brush your hair a lot in the beginning

00:10:28.440 but once i get them bro this i'm throwing this wait can you get a weight check right now

00:10:33.100 i mean yeah you guys could you could see ripples i'm again i've only been doing this for a few days

00:10:38.540 uh but yeah you can see the ripples coming in now i just need to make it maybe like i would say in

00:10:44.640 another two weeks i'll probably have them connected and you'll start seeing them more but you can see

00:10:48.640 the ripples coming in and they'll start connecting more than i brush and i'm not putting any product in

00:10:52.700 my hair so yeah they're not spinning yet but they will be soon and i'll start connecting them and

00:10:58.060 you'll see the ripples coming in can you get a purple do-rag i got some purple drink

00:11:03.180 you got a purple bandana yeah i could get some uh i could get a purple do-rag or like a neon green

00:11:12.840 one i'm only gonna come here with a purple do-rag if i can come with the hood okay here's another one

00:11:18.400 uh fresh i love bitches oh this is the same one

00:11:22.960 that's that that's funny

00:11:29.360 fresh ugly as hell man

00:11:33.600 yo um thank you aside you around degenerates too much schedule a fight and do a camp and film the

00:11:41.900 process drinking is gay and chicks also don't be a and take a loan do your cash you're not broke

00:11:47.580 principles and dean first bro get off my dick bro like these fucking religious people are like too

00:11:50.760 much sometimes do this do that do that you can't do it you can't hang around this you can't get off

00:11:56.500 my dick just because you're religious doesn't make you're better than me okay i'll explain to them

00:11:59.720 from a numerical standpoint why it's not smart to buy houses cash when we do over the real estate

00:12:04.560 shit uh okay we can do the same time because this is getting boring now so um real estate time and

00:12:09.880 we'll do the drawings at the same time to adhd is how to spend people all right so yeah so i'll give

00:12:15.920 i'll give the the cliff notes version of why real estate is important number one 90 plus of millionaires

00:12:21.380 made their money in real estate okay so anyone that you see that's wildly successful that has a high

00:12:25.140 net worth nine out of ten times they made their money in real estate first then they potentially

00:12:28.860 branched off but uh real estate creates 90 plus of millionaires second you get a bunch of benefits

00:12:33.900 you're able to get tax benefits in the form of two different things depreciation and cost

00:12:37.340 segregation second you get cash flow which is active income coming in active income coming in

00:12:42.180 and then you have uh which it's technically passive but i mean as in you're getting money

00:12:45.880 consistently and then third you get appreciation which the value increases in value over time

00:12:51.500 so the three things that you get are tax tax breaks through depreciation and cost segregation which

00:12:56.740 are two different ways to skin the cat of taxes then you get cash flow which is a monthly income

00:13:00.220 based on the property and rent and then you go ahead and get appreciation which is the

00:13:04.480 property appreciates over a period of time right all the houses i bought i own four properties here

00:13:08.940 in florida uh three in miami one in pompano beach and um all of them have went up a significant amount

00:13:15.000 some of my properties went up well over 100 000 i bought back in 2021 okay um and then the most

00:13:20.200 important part which a lot of the guys here are getting mad about is the reason why real estate is

00:13:23.980 so good is because you're able to purchase it while only putting down a portion of your own capital

00:13:28.880 to acquire the asset what do i mean by this well if you buy real estate as an investor you're able

00:13:32.820 to put down 20 25 of your money and then the bank gives you a loan on the other 80 on some kind of

00:13:38.220 interest rate right which is what press the way who says a hundred dollars and press an active income

00:13:42.240 yeah so activeincome.com yeah so that's why that's why um that's why real estate is so good because

00:13:48.960 you're able to put only a portion of your money down and get the rest from the bank now let me tell

00:13:53.560 you guys how how safe real estate is when it comes to an investment okay if you go into who do you

00:14:00.580 bank with bank of america chase or okay never mind okay all right let's say let's say for a lot

00:14:05.340 of the major ones okay let's say you go into bank of america right everyone uses bank of america right

00:14:10.020 that's like the main one or chase or one of these big banks right or td bank whatever you go in and

00:14:13.540 you say hey listen guys i want a loan for ten thousand dollars to buy stock in your bank you know

00:14:19.360 what they're going to tell you no they're going to tell you no however if you go in there you say hey

00:14:23.580 i need a hundred thousand dollars to buy a house they'll give you that loan so if that doesn't show

00:14:28.360 that real estate is the one of the most stable asset classes i don't know what else does a bank

00:14:33.600 let me really get this into your head a bank will not give you a loan for you to invest in their own

00:14:40.300 fucking bank but they will give you a loan to buy real estate why because that's how stable real

00:14:46.040 estate is versus the stock market versus other asset classes right clearly it's not stable what about

00:14:50.680 2008 what's that what about 2008 it's really stable but then the bubble can burst well okay so the

00:14:55.420 reason why okay for all the people out here the doomsdayers that say that real estate the market

00:14:58.540 is going to crash the reason why the real estate market is not going to crash guys is because we

00:15:01.440 have about a five million home shortage in the united states right now people need homes people

00:15:06.240 need homes especially the single family home three bedroom two bath um that is in short supply so and

00:15:11.740 the real estate prices have gone up and interest rates have gone up so it's been more difficult for

00:15:15.020 people to acquire houses and where we have a shortage so there's no way the market's going to crash

00:15:19.480 in any in the next five to ten years okay okay um so that's one thing so it can't crash if there's

00:15:27.600 not enough inventory uh but yeah um uh but oh yeah going back to what i was saying so that's the beauty

00:15:34.140 of real estate is that you can put only a portion of your money 20 to 25 percent that the bank will

00:15:38.060 give you 70 to 70 to 75 to 80 percent to get the other part of the house so let's say you want to

00:15:43.020 get a hundred thousand dollar house you put down 25k the bank's going to give you 75 75 to buy the home

00:15:47.820 no other asset class you can get a loan from a bank to acquire it and here's the beauty the tax

00:15:52.820 benefits that you get the depreciation etc it's based on the purchase price of the home so i'm

00:15:57.320 getting a tax benefit as if i spent a hundred thousand dollars but i only spent 25k

00:16:00.460 that's like a hack that's how you avoid paying taxes my way that's all legal yes i can like avoid

00:16:09.820 taxes yes and this is now now going back to what i was saying so let's say you buy a house a hundred

00:16:13.340 thousand dollars cash right yeah you get that tax benefit on that one house on a hundred thousand

00:16:16.520 dollars cash yeah but what would make more sense if you took that hundred thousand dollars cash that

00:16:20.800 you have and bought four houses and put 25k down on each and now you're able to write off four

00:16:24.800 hundred thousand dollars worth of taxes but you only spent 100k that is why buying houses cash is stupid

00:16:30.940 it's better buy the house the haram way unfortunately yes with banks

00:16:35.900 okay because you're able to you're able to leverage the banks to get better tax breaks okay because you're

00:16:44.060 buying four houses for 400k worth 400k versus buying one house for 100k and you're getting and

00:16:52.100 you're getting cash flow from those four houses now people might say well if you buy the house cash

00:16:55.420 you don't have a mortgage you get more cash flow because you don't have to pay the mortgage that's

00:16:59.340 true but when it comes to tax benefits and the appreciation that you're going to enjoy from those

00:17:03.480 four houses you actually make more money by saving more money by buying the four houses

00:17:08.420 so that's that's a very oversimplified way how much money do i need to start

00:17:18.080 it depends on what market you want to buy in i i want to okay i want to invest right now i want to

00:17:24.000 buy a property i have money and i want to be retarded with it yeah and i want to start investing and i'm

00:17:27.840 wasting time can you tell me to do this stuff and just tell me what to do can you tell me what to do

00:17:31.320 yeah i mean start buying houses i mean if you want to buy in miami you're going to need it can

00:17:35.420 you tell me like what to do and i'll just do it can you do that well you want to be able to analyze

00:17:41.520 the deals bro well i i really don't care like i don't want to spend time doing that but you but

00:17:45.860 you need to but here's i want to shave my head with neon that's fine but you need to but when you're

00:17:51.580 here's the thing you have to know though like i i wish i could just tell you oh no man it's automatic

00:17:55.680 i'll just like do it for like you need to know because you're going to invest a significant amount

00:17:59.360 a significant amount of money and you need to know guy and the other property guy like the

00:18:02.720 both guys are called to the same thing i'm like can i tell me what to do and they're like well

00:18:05.520 you have to know all the stuff and i'm like yeah yeah because you're gonna you're gonna be parting

00:18:09.200 ways with a significant amount of money so they're not going to want to make that investment and

00:18:12.540 choice for you unless like you need to at least know like cash on cash returns and shit

00:18:16.560 what what is cash on cash returns so a cash on cash return is the amount of money that you make

00:18:21.380 based on the cash that you put into the deal specifically okay so let's say for easy math purposes

00:18:26.780 you put you buy a hundred thousand dollar house yeah but you and you put 25k in yeah right and you

00:18:33.000 make twenty five hundred dollars on that house okay per month so it's gonna take 10 months which

00:18:39.120 would be crazy by the way and then twenty five hundred times 12 is what that's more than twenty

00:18:43.720 five thousand that's uh uh that's almost 30 that is 30 you got your cut yeah that's 30 that's 30

00:18:49.740 it's 30 percent that's thirty thousand dollars okay and you put twenty five k you'd be getting a

00:18:54.240 30 cash on cash return is that like rough math it's really good yeah you'll never get that in

00:18:58.820 real life but yeah you get the you get my point chat that'll be math or no but what you really want

00:19:02.340 to be aiming for is like eight to fifteen percent cash on cash return that's really the best that's

00:19:06.380 that's what's actually attainable in this market but basically it's what's your ry that you make per

00:19:11.940 year based on the money that you actually put down not the money the bank gave you but the money

00:19:16.560 that you put in cash okay that's the metric i use i use like uh to figure out if it deals okay so

00:19:23.000 what's the what's the normal so once people in the chat get a certain amount of money um i'm a

00:19:27.200 millionaire right i could start investing like is a hundred thousand like good part worth or should

00:19:31.440 i go more like i just want to buy the first in miami you might need a little bit more two hundred

00:19:34.960 thousand boom you could probably do something that's two so i'm gonna put 200k to real estate

00:19:39.180 do you have do you know something you just tell me like oh there's a good house yeah i mean i could

00:19:43.500 tell you we'd have to run the numbers and stuff because you have to run the numbers on every single

00:19:46.820 property because sometimes it works sometimes it doesn't you got to remember the numbers might work

00:19:50.200 do you have any l's with your houses no no not right now so you have like your 13 for 13

00:19:56.160 14 for 14 yo so i trust you fine boom tell me the next one i put the money boom bam boom

00:20:02.520 jay like a football fan well why wouldn't i just buy it then

00:20:07.580 because i'm yo you bro you got a do-rag on man you're a nigga man come on man you already got 14

00:20:15.160 i got none boom boom plus i'm running up that that was our deal oh you're right well first of

00:20:20.800 all your ig reels are running up right now so like like bro like you you give me one that you want

00:20:24.620 the deal was i was going to mentor you and teach you everything about about the room you just did i

00:20:28.300 just listen i focused up and i i have your notes no there's more to it than that i just gave you the

00:20:32.640 basics for your audience to understand so the next one you see like bro you got 30 to 14

00:20:37.280 just slide one to your boy boom i can help you with your first house yeah i'll walk you through

00:20:45.280 your first house i'll hold your hand pause what just did you know because you need to learn bro

00:20:50.140 wasn't that our agreement but you need to learn because how are you gonna get the second one let's

00:20:54.600 say let's say i get the first one cash on cash return yeah but let's say i get the first one for

00:20:58.380 you what are you gonna do to get the second and third well by then after the first one i'll like i'll be

00:21:01.880 like no because you won't have learned anything because i did it all i'll like watching i watched

00:21:06.160 i got it by then this guy bro this guy this is you jen's here see laziness bro ah

00:21:12.200 fine laziness okay y'all are watching it right now i will learn okay what do you want to do though

00:21:17.540 because with all these like uh people here that are super oh baby you see cool you see

00:21:21.900 well let them cry whatever i don't care about them so you so the next good deal that you want

00:21:28.080 slide it to your boy i get it and then you can just like uh i'll pay attention the whole time

00:21:32.960 and then i'll make sure i learn everything i'll make the calls and blah blah blah i'll do the i'll

00:21:36.760 do the annoying work but just like slide me the gun so i don't fuck it up so because i want to do it

00:21:40.400 now like before like my attention span goes to something else i want to get the first property

00:21:44.800 so i can like get so i can get it done man like before the summer's over before my birth uh it's gonna

00:21:50.100 we could probably get one before the end of the year end of the year yeah probably but you gotta remember

00:21:54.560 bro we gotta take you to a lender we gotta get you pre-approved a lender yeah unless you plan to

00:22:00.340 buy a house cash do you want to buy a house cash cash cash how much cash do you have to actually

00:22:03.820 part with bro i'm a millionaire i i want it maximum like quarter so you have maximum quarter hold on

00:22:09.660 how much how much money do you actually have that you could put into a deal i don't know if you want

00:22:13.820 to say this on air is he pocket watcher well okay i i have i have a good amount of money but i want

00:22:18.540 my real estate money to be a quarter mil this is what i want okay so then you're gonna be the loan

00:22:22.440 then you're not gonna be able to buy anything in miami with only a quarter mil cash you won't be

00:22:27.180 able to unless it's an absolute piece of shit and you're buying it up north and you're gonna have

00:22:31.380 to fix and flip it what about connecticut connecticut you can okay quarter mil i'll say you want my

00:22:38.620 parents too my i want my my parents can do the managing stuff and like the faucet oh good good

00:22:42.240 good yeah i got a bunch of houses actually that's what i'm saying it's one of a copy like you're doing

00:22:45.460 the same thing yeah so i mean yeah you can you can go ahead and get it yeah i would say 300k you

00:22:49.620 wait that's the whole way because i don't have to get a that's the whole way to buy cash yo chat

00:22:54.100 so get on my dick oh everybody who thought they called me okay boom quarter mil connecticut house

00:22:59.240 i'll say you want 300k fine fine okay 300k cash yeah hey if you guys want to donate but i know i don't

00:23:04.640 play um so buy the house 300k in connecticut my family takes care of it and then they find the

00:23:09.420 tenants all that stuff boom bam done you could buy it with tenants in it if you want tenants already in

00:23:15.000 it yeah and i would say in that case if you're gonna buy a house 300k cash you want at least

00:23:18.560 3 000 a month gross that will give you 10 cash on cash because you're putting remember now you're

00:23:24.520 putting in all now you're putting in 300 000 cash you want at least attempt i would say when you're

00:23:28.800 buying houses cash you want at least a 10 return is it a good time in connecticut to buy houses

00:23:32.420 uh yeah the market's the market's hot in my in in connecticut too and you're able to get pretty

00:23:38.280 good deals a lot of my really good deals are out of connecticut so yeah i think my dad's watching

00:23:43.540 the stream right now too so like is he all right yeah yeah you can you can look in like uh you know

00:23:48.040 southern connecticut good good good good uh good stuff over there miami as well you just got to find

00:23:52.640 the deals but yeah and i get the law all the halal people i could i could put you you know what i'll

00:23:56.280 put you in touch with my real estate agent in connecticut then yeah that sounds like a better

00:23:59.980 idea than doing all this gay miami loan haram bullshit fucking all right well then i'll put it i'll

00:24:04.860 tell her i'll i'll put you i'll introduce you to her i'll tell her you have 300k that you're

00:24:08.700 willing to buy houses cash and then everything's falling into place that's a lot telling me to do

00:24:12.940 it the whole the whole way that's fine you can that's a fact but you're not going to get the

00:24:16.900 same you're not going to get the same tax benefits just want to give you that warning what you're

00:24:20.840 not going to get the same tax money why because you're only buying one house oh well but you're

00:24:25.320 still going to get benefits right i'm still going to you'll get benefits but it's going to be

00:24:28.480 all right so we can actually do the math uh oh man but there's benefits like right it won't be the

00:24:34.460 same as buying multiple houses if you if you had take that 300 000 you could have bought way more

00:24:38.060 houses with it so how many did you buy in your first real estate thing my first year yeah i bought

00:24:42.700 seven seven yeah okay you buying seven wait uh thank you more money for the five for the halal house

00:24:48.120 tell you that it's going right to the halal house that's uh there's a cut okay well um um uh you bought

00:24:54.000 so your first one run you put you bought seven i bought seven my first year i invested like 80 percent

00:25:00.960 of my youtube money and i just like bought i just went and bought fucking houses boom boom boom because

00:25:04.560 that was the year also right after i left the u.s government and i was like i need to really good

00:25:08.020 no it was actually worse it's worse than it is now i mean it was worse as in like the it was more

00:25:13.000 competitive to buy homes because the interest rates were only three percent so it's better right

00:25:18.120 now it's not as competitive right now okay but the interest rates are higher so your your cash flow

00:25:24.240 isn't going to be as um as good as it would have been a couple years ago but you're not using a bank

00:25:29.820 loan so it don't matter yeah it's the whole way i'm this is the way i'm supposed to do all right

00:25:33.580 buy a cash then if you want that's fine just understand though i i

00:25:38.020 buying it cash is if you had bought it with a bank loan because you can only buy one home

00:25:47.060 with 300k unless you want to take the full mill and buy a couple of houses then that might replace

00:25:51.640 it but then again keep in mind you're putting you're depleting all your capital buying houses

00:25:55.340 cash you're not getting the same tax benefits your roys aren't going to be as high

00:25:58.620 etc and you want some reserves because inevitably you're going to have to fix it in the house and

00:26:03.860 everything else like that yeah but all of my parents do that yeah but you're gonna have to pay

00:26:07.160 for it like what i do is i i made a business credit card i've created an llc right for my real

00:26:13.680 estate oh shame chat is audio good yes or no type of oh it's better okay cool cool i i created

00:26:18.180 an llc for my real estate right and i go into more detail on this on our channel if you guys want

00:26:21.740 i want to bore you on with details then i create an llc for each of the the houses and then

00:26:25.560 i have a credit card that i use specifically for real estate i have 15 llcs for my real estate

00:26:32.200 yo so you're paying nothing in taxes huh not much pay i pay less in taxes now so each house is in a

00:26:39.000 is a business as llc yes to collect the money what do you name them i just named the address in an llc

00:26:45.040 oh okay make it simple make it simple yeah you want to make it simple so like if it's one two three

00:26:50.380 main street i go one two three main llc or chassellate chat oh okay oh one sec let me restart the

00:26:55.540 stream real quick one second don't leave don't leave there's 17.2 if you guys leave your your whack

00:26:59.560 hold up we're myron's spinning right now once check good good one one one type one of a good

00:27:03.560 type one of a bag are we good

00:27:07.240 don't don't troll me either let me hear it chat good good good one one one two type one okay we're

00:27:14.300 good um okay so so so we were talking about uh haram real estate llc's yes yeah so you have

00:27:20.280 15 llc chat we're good okay one coke for real estate this is really good sauce anybody who

00:27:24.300 wants to make it out and really uh can we pull up real quick uh my channel that's cool yeah for

00:27:30.080 the people of course uh and i'll show them the specific uh video that they could watch because

00:27:34.880 what i'm doing is i'm giving a condensed version of this fresh and fit oh fed reacts yeah no no no

00:27:39.780 fresh fresh and fit is the real estate shit all right and then you're called yeah just hit enter

00:27:44.220 yeah boom uh and then here you can share this with the people let me put on the screen yeah

00:27:50.940 because i'm giving you guys a condensed version of this guys but if you want more detail on like

00:27:56.360 the llc's and i have how i have everything set up and everything else like that i'll show you the

00:27:59.740 video right here um scroll down well actually just click the channel boom scroll down oh so wait you

00:28:09.180 beat the strikes i'm glad i'm glad you didn't get banned we didn't get banned thankfully good stuff man

00:28:12.460 but it's still rumble all day thank you man appreciate it uh click um though uh hit live

00:28:19.940 it might fuck up because i'm banned okay all right scroll down our youtube is so hard to navigate when

00:28:25.980 you're banned it's uh yeah that's true um click go up up damn because your camera's in the way here

00:28:31.000 click the go up i'll bring it over here okay now i can see you can see uh wait go back up is that

00:28:37.380 the top no keep going oh no right there yeah steve from accounting this episode right here

00:28:41.600 this episode right here guys i go over we a lot of the sauce so if you guys want more details on

00:28:46.540 this and i got timestamps it's because we got how to set up your business to pay list do you have a

00:28:49.780 timestamp i'm gonna put the link in the chat right now uh yeah put the link in there the timestamps

00:28:52.960 are below if you hit more see when you click more where right there right yeah scroll down

00:28:58.640 and i literally have all the timestamps there each chapter what we talk about

00:29:02.700 so guys if you want to start a business etc we talk about s-corps llc's all that other stuff this

00:29:07.640 is my accountant that actually saved me millions of dollars in taxes by the way millions yeah bro

00:29:12.100 easily he said he saved me easily and i'm or two in tax and taxes off of like um structuring my

00:29:18.760 things a certain way everything else like that um but yeah i break it down in detail in in there

00:29:24.240 how to set up your real estate business all that shit but i use a credit card this is where i was

00:29:28.580 gonna go with this i use a credit card because you said oh yeah i'm just gonna have my parents do it

00:29:31.420 right yeah you need to open up an llc so you can get a business credit card and you're gonna give

00:29:34.560 that credit card to your father and let him charge all can i use my already existing i have a i have

00:29:38.140 a corp and an llc now you're gonna have to start a real estate llc start a new one start a new one

00:29:42.940 just just for real estate you can do it in florida okay well oh shit uh he's texting me right now

00:29:50.260 am i really gonna go into this right now um this is what you're gonna do you're gonna start uh an

00:29:57.200 umbrella llc out of delaware okay yeah yeah that this this is real sauce because this is i'm giving you

00:30:02.400 about to give you real sauce yeah taxes no no you do it because they can't find they um because

00:30:07.620 uh delaware has very good privacy with owners and all that other shit so you're gonna start your main

00:30:15.000 llc out of delaware then you're gonna have all the subsidiary llcs that own the properties in florida

00:30:21.560 and then when people search you on search your llc on sunbiz it's gonna say this delaware llc owns it

00:30:29.380 and then they can't find out who owns it out of delaware i'm giving you a real sauce right now

00:30:33.320 yeah because florida has really bad um transparency laws when it comes to business and as an influencer

00:30:40.080 you don't want people to know that shit so you're gonna create your llc out of delaware

00:30:43.760 write this shit down guys i'm giving y'all like real sauce right now you're gonna you're gonna write

00:30:48.220 you're gonna um create your llc out of delaware that's gonna be the holding company then under there

00:30:53.740 you're gonna have all your subsidiary llcs for each real estate property there and then you're

00:30:59.500 gonna open up a credit card key point here you can open up a credit card on that main delaware llc

00:31:04.500 okay i have an amex gold that i use right get all the points etc i charge all my fixes maintenance

00:31:12.040 when i hire people to fix shit refrigerators anything that needs to be replaced i have my dad as a

00:31:17.180 authorized user he has a credit card i have a credit card and my um property manager has a credit card

00:31:22.520 anything that they fix or anything they charge it all to the real estate credit card that gets

00:31:27.960 charged there i just pay it off before the end of the month and then when the year ends i give my

00:31:33.200 my accountant my real estate bills boom here you go and i give him my um my llc bills for the podcast

00:31:39.800 i separate the two that way everything is nice and documented never ever pay for anything cash or with

00:31:46.520 a debit card you pay for it with a credit card everything credit card wrong way pretty much yeah

00:31:51.480 wow okay yeah okay okay um give me one's in the chat if you guys got some value out of that yeah

00:31:58.680 real estate give me one's in the chat i want to see what the what the what the chat thinks about it okay

00:32:02.200 or give me two as if you guys didn't enjoy it whatever i mean john's right now saying thank you

00:32:05.560 mine thank you mine yeah that was good okay so the steps right now open up uh llc in delaware get a

00:32:11.960 credit card give it to the fam buy a house the whole all way one even though it's better to buy multiple

00:32:17.240 by one in connecticut and then we can build from that i want to start with one and then there you

00:32:21.000 go there's a lot of ones in the chat i'm learning a lot right now you don't you don't have to you

00:32:23.560 don't have to start the llc immediately like buy the house first then we can handle the llc

00:32:27.480 shit after so first of all buy a crib buy a crib buy a crib and you and honestly well since you're

00:32:33.240 buying a cash it doesn't matter um if you were buying it with a loan i would tell you buy it under

00:32:37.400 your personal name if your credit is good don't buy it under an llc is good i have like 750 760 but you

00:32:42.680 don't have any homes and you don't have any like uh okay so you're buying a cash it don't matter

00:32:47.960 you don't need credit you're buying a cash so after you buy a cash you create the delaware llc

00:32:53.800 then you're going to go ahead and create a llc out of florida and um and that's how you're going to do

00:32:57.880 it wait why is the llc in florida sorry because you're buying the umbrella you're creating the

00:33:03.480 umbrella llc first in delaware in delaware oh and so the florida llc is underneath that llc exactly

00:33:08.360 it's better to start a corp in delaware or an llc it's llc you want to do llc real estate is always

00:33:13.240 llc okay real estate's always llc but what you're thinking of is like a business that's s corp how

00:33:19.240 are you getting uh the address for um delaware is this something you can say you have a registered

00:33:24.920 agent you have a lawyer do it for you in delaware they become your registered agent like the goddamn

00:33:30.840 video let's go let's go okay i just want to know are y'all learning this on these other stupid

00:33:35.160 streams no no no and that's just i'm just scratching the surface i'm not even giving

00:33:39.640 y'all everything like i'm you know i'm condensing it a lot for you guys because i understand that

00:33:43.080 sneaker's audience is a little bit younger it might be confusing and i'm giving you guys low

00:33:46.280 iq wait what about all the old people younger i said they're younger why you call my audience low

00:33:50.120 iq uh uh big no myron sneaker needs some advice in life my brothers i lost in life i'm from midwest and

00:33:57.000 i'm contemplating what to do with life whether the army or uni i already work out and i need to get my bag

00:34:02.920 up bro if you want to if you want to get like get your bag up he bro my room is just dropping sauce

00:34:06.920 so like i don't know what to tell you military isn't a bad move bro make it work for four years

00:34:11.240 right get out get your gi bill get it get the ability to get a va loan it's a va loan a va loan is

00:34:17.640 basically what ends up happening is you put no money down and you're able to acquire a home without any

00:34:21.480 money down with a va loan the problem with that though is that your monthly bill is going to be high

00:34:25.160 as fuck because you're gonna have to pay pmi pmi is private mortgage insurance if you don't put

00:34:30.040 20 down and you buy a home you have to pay something called pmi thanks to 2008 crash

00:34:34.280 and that's going to increase it by another 100 200 but you're able to acquire the asset with

00:34:39.080 little to no money down just closing costs so that's a benefit from the va loan and you'll get

00:34:43.560 that by going to the military and on top of that you'll get a gi bill which will let you go to college

00:34:46.760 for free so might be worth it to join the military bro serve your country become a patriot right and get

00:34:54.200 some benefits and you'll get military experience and you'll be able to get an actual skill set and you

00:34:57.800 get a fight pointless war for biden uh well hopefully we don't go to war when trump gets

00:35:02.360 in because trump the republicans aren't trying to go to war yeah trump's gonna end it uh i'm trying

00:35:07.720 to buy my first property this year in palm beach county 55k salary ooh and 20k in hand only got

00:35:12.200 approved for 180k loan being average doesn't cut it anymore sneaker x mind streams go hard

00:35:16.280 alhamdulillah but he's only making 55k a year holy uh i don't know it says w halal code do not conform to

00:35:22.680 jurin's way bro what the fuck bro you're just gonna take that i am gonna get some credit cards

00:35:27.080 though i'm not gonna lie i'm already like well i'll tell you guys this when i do my real estate

00:35:29.800 deals when i lose i definitely be losing to them boys man well true true true so that that's a

00:35:34.040 law punishment because i'd be competing i'd be i'd be losing to them uh frank thanks for the 20s

00:35:37.400 to go there are a ton of islamic banks in the u.s which is law bro google it name one you're saying

00:35:41.080 google it i don't even know what name what is on the bank i don't know and you know i actually heard

00:35:45.880 from these guys in morocco i don't remember your names but when i was visiting them they were

00:35:48.840 gonna lend you a bank they're gonna lend you money without interest i mean but here's how they make up

00:35:52.840 for it because they said that i learned that in morocco from these guys they showed us around and they were

00:35:56.680 saying that islamic banks will make up for it by doing extremely large fees so it's like okay they

00:36:01.320 don't make the money on the interest but they'll just so they're gonna charge you a bunch of money

00:36:04.760 to lend you the money yes yes which is the same shit just a different there's just they they make

00:36:11.080 back the money on fees you know okay that okay so what that what it probably is then okay so they

00:36:15.560 give you a fixed fee yes up front versus charging your interest okay i guess that's one way around it

00:36:22.040 but you'll probably if you do them you'll probably end up paying them more maybe i don't i mean who

00:36:25.880 knows like yeah who knows how much time uh and another 20 from ajwad salam brothers um i'm a 20

00:36:31.480 year here's the thing are they going to give you a real estate loan they might give you a private loan

00:36:35.880 but are they going to give are they going to really give you seven hundred thousand dollars to go buy a

00:36:39.000 home definitely not like without the interest no the bank would have no incentive to that's what

00:36:42.920 that's what i'm trying to say like like i get it you might say that oh there's a halal bank that you

00:36:46.760 can use but are they going to give you a mortgage loan getting a private loan is fine

00:36:50.680 you want ten thousand twenty thousand whatever but are they going to give you an actual home

00:36:54.760 mortgage uh yeah i don't know well this guy's saying i buy and sell properties using owner

00:36:58.120 finance which is halal to buy houses what i do instead of getting a loan from a bank i set up

00:37:02.600 payments with seller okay so explain that well hold on hold on owner financing they're going to charge

00:37:09.320 you interest too huh yeah huh they're going to definitely charge they're going to charge you interest

00:37:14.760 too because now what what owner financing is basically is you're buying the home from

00:37:20.600 the person directly and they're the bank they're giving you the loan but they're going to charge

00:37:24.360 interest too what do you mean huh unless y'all come to some kind of agreement where he doesn't

00:37:30.280 charge you interest but unless he's a muslim and he's super devout he's going to charge you because

00:37:34.520 he wants to make more money and if he's making money he's probably not that devout well we'll see

00:37:39.160 we'll see we'll see inshallah i do it the right way make me a sandwich that way just buy cash

00:37:42.120 wc go and myron myron can you go into nine one three two three four rules for credit cards what

00:37:47.240 business cards are good for beginners amex business right yeah so for business credit cards um you can

00:37:52.600 get the m i'm going to do a whole episode on this but amex uh the amex platinum is uh is a good uh is

00:37:57.320 a good card but you're going to need a good credit score to get that and then on top of that want to

00:38:00.440 warn y'all it's like a 700 annual fee so just keep that in mind but you get a lot of benefits from it

00:38:07.240 uh fidel cruz says myron what do you think about buying property internationally for airbnb like

00:38:10.840 the dominican republic tourist area i wouldn't invest international until you have a very good

00:38:16.520 grasp on real estate here and you understand the ins and outs and then you can go ahead and go into

00:38:20.680 the airbnb i consider airbnb a little bit more of like a riskier proposition and since it's contingent

00:38:26.520 upon seasons and get you know making sure that it gets advertised correctly and all this other

00:38:30.920 bullshit i would go the traditional real estate route where i have consistent tenants all the time

00:38:35.240 and i know how much money i'm making a month and i'm secure with that then i can go ahead and take

00:38:38.840 risks and then start getting into the airbnb game where income is a little bit more up and down and

00:38:43.880 you know it's more sporadic yeah you can absolutely make more money the upside is higher but it also

00:38:47.560 comes with inherent risk so i would say be stable build up to 10 to 20k a month consistently once you

00:38:53.240 get there then you can go ahead and go risky and go start getting airbnbs because the things with

00:38:57.560 airbnbs is you're going to have to probably buy higher priced points properties like mansions and

00:39:04.040 nice condos etc that are inevitably going to cost you more money and then you can go ahead and charge

00:39:09.400 the higher prices on airbnb and really pocket and profit but you don't want to do that when you don't

00:39:14.040 have a stable real estate portfolio all already and here's other beauty when you already have a stable

00:39:18.920 real estate portfolio let's say you have five properties or let's say you got five or ten properties

00:39:22.600 making you 10k a month you can use that portfolio right as collateral to help you secure that bigger

00:39:29.800 better property that you can go ahead and charge the airbnb people on does that make sense but

00:39:34.760 airbnb is a risky business if you don't know what you're doing i want you to get your head on

00:39:38.280 straight with real estate in general the decline a little bit a lot of people are switching to hotels

00:39:41.480 recently because airbnb is like overcharging and there's all this and then that's that's why it's

00:39:45.240 a riskier business so you know what i mean and then some places airbnb is banned like i'll give you

00:39:48.920 an example here in miami in brickle there's only one or two buildings that i could think of that even

00:39:52.840 airbnb yeah it's the same building icon and it's probably owned by a company at this point yeah

00:39:57.160 you know so so like and airbnb is like killing the hotel marketplace so i don't see the government

00:40:02.760 letting airbnb take over the hotel space so they're going to start restricting it here soon it might

00:40:07.560 fuck people's money up during a pandemic a lot of airbnb guys like went broke because they couldn't get

00:40:11.080 people to come in and uh utilize the property so i would say build a stable real estate portfolio with

00:40:17.240 with regular traditional long-term tenants once you get 10 to 10 10 10 to 20k a month or whatever's

00:40:22.440 comfortable for you to live then you can go ahead and start getting a little bit more risky and get

00:40:25.960 into the airbnb game man i'm giving you all sauce man you guys better like the video

00:40:29.880 it's scary okay um we were getting we're coming into this video a little bit what are some some

00:40:37.640 timestamps or should we just watch this whole one more time it's how to set up your business to pay

00:40:41.480 less taxes it's fine bro we don't have to play it it's not about playing it but i just like if you

00:40:45.160 want to break this down i'm gonna put the link in the chat one more time if you want to watch i'm

00:40:47.800 gonna watch this yeah there's more detail in in here where we really go into into thing um another

00:40:52.280 important thing is for all you guys that have an llc for your business you need to switch to an

00:40:55.320 s corp immediately that's what yeah i got one yeah i'm not that retarded no no but a lot of people a

00:40:59.880 lot of people keep it llc and they don't switch to s corp what's the difference tax benefits a huge

00:41:04.680 tax benefits huge huge and we go into more detail here but if you have a llc and you have like a

00:41:09.880 business you need to switch to s corp immediately and you only have a finite amount of time you have

00:41:15.080 like two years to do it um but but llc when it comes to real estate you can keep it all llc so here's the

00:41:21.480 rule of thumb real estate llc actual real business generating income s corp you can open it as a llc

00:41:28.680 then switch it to s corp after the fact but why don't you just open up an escort immediately

00:41:33.800 um because you get certain benefits with the llc that you don't necessarily get with s corp so it's

00:41:37.880 better to go llc and then convert you get the limited liability what does that mean that's what

00:41:43.240 llc stands for i know but what does that actually mean it limit it limits your liability for business

00:41:48.680 during the course of your business uh activity what is that so if you it protects you from a

00:41:53.640 legal standpoint okay to a degree if you don't get the protection for an escort uh you might not

00:41:58.440 to the same degree so it's better to go from llc and switch it over to an escort so that you get

00:42:01.800 the best of both worlds and you're able to double dip does that make sense yes it's an llc but then

00:42:06.120 when you for tax purposes it recognizes the escort i go into more detail in the video and my account

00:42:10.680 explains it better he can do it way better than me i'm giving you all a very watered down version of

00:42:14.120 that that's basically what this two-hour thing is yeah he explains it with like the forms what you

00:42:18.200 need to do all that shit and the chapter is all there bro but yeah chat do you want to watch this

00:42:23.240 video tomorrow it's two hours bro maybe we could it'd be good like i can take notes or something like

00:42:27.720 that chat would you be i have it on rumble too this video is up on rumble as well shout out to rumble

00:42:33.000 okay uh a lot of people writing this stuff down chat number one if you learn something if you're

00:42:36.200 writing stuff down um okay i'm i'm gonna i'll maybe i'll watch this on stream or something like that

00:42:41.800 maybe i'm gonna uh brown parent thanks to the ten should i stop this is what i suggest watch it by

00:42:45.640 yourself and then watch it on stream i don't know the talking points exactly and then it's and then

00:42:51.080 i will write down the timestamps that are important to you and you think for your audience or what you

00:42:54.200 took away from it and then bam brown father says should i stop wanking bro he's talking about my

00:42:58.600 account's really good bro if you need a good account i could put you in touch with him yeah i do i do

00:43:02.920 great yeah he's really good really good can i have his number yeah i'll i'll hook you up with him

00:43:12.280 i'll give you my real estate agent in connecticut so that you can start finding deals with her

00:43:16.040 and then yeah what wait no elmiron why are you doing business with a girl is she good she's good

00:43:25.080 she's good very good yeah she's very good wait i thought you were misogynist you were lying the

00:43:30.920 whole time bro she's married to a man she's in a stable relationship she's older her man runs the

00:43:38.520 relationship it's a good a good dynamic family so yeah yeah okay well cool all right am i gonna hate it

00:43:50.280 i'm not gonna hate it i'm not gonna hate it cool um okay we're finished we're looking at these uh

00:43:56.360 retarded drawing shot yes she's really good she'll help you find a house cash no problem

00:43:59.880 okay enough learning for the day whoo i'm exhausted they said enough learning for the

00:44:02.920 school okay uh can we twerk with aiden you want to go uh twerking stream with aiden now

00:44:10.040 no okay uh that's me what's zirka doing i don't he's just talking about me is he right now uh yeah

00:44:17.080 he's been he's been just like yelling for non-stop like he's just

00:44:24.360 damn yeah that is what it is um why women deserve nothing

00:44:29.560 fuck my career is over that's chat you see like you you made you made your point with the hood myron

00:44:36.920 you made your point all right fair enough um i'm gonna make sure to clip up the real estate

00:44:41.880 part and upload that too chat if you missed any of this stuff and uh yeah clip it up myron sneeko

00:44:46.440 fresh and then fresh is fat hey fresh has actually been in the gym consistently

00:44:52.440 and someone made a drawing there's me and you and then what who the fuck is that i'm so lost this

00:44:58.920 is ai is that the white version of me i guess i guess um riot full thanks to the 20w ryron real

00:45:04.920 estate nerd you know what i'm calling you nerd hey man it is what it is it was fresh i don't even

00:45:13.080 think what i gave was i just gave surface level stuff i'll even admit that like i didn't give like

00:45:16.680 i mean i gave a little no i i learned a lot i'm not gonna lie that's me niggas put your government

00:45:21.240 what the yo why would you don't put my government in there um that's myron but

00:45:25.880 ah the terrorist yeah okay great but i got a terrorist outfit too actually myron sneeko fresh

00:45:35.240 just pitch black yo why did you make me bro i'm i'm taller than meyer they made you yellow too

00:45:39.400 because you're asian yeah that's racist sneeko myron fresh why is what they made stick figures okay um

00:45:46.920 hey oh look it actually you actually left them that's accurate whoa whoa whoa come on oh thanks

00:45:55.400 for the 20 i didn't scroll down another from making a sandwich drawing ain't making us money

00:46:01.080 we need more sauce myron bro you can't get free sauce all the time what what else can you tell

00:46:06.280 them that you didn't say um this guy's fiending uh i would also uh for all the guys here for

00:46:11.960 because some of the guys might not have the money to invest in real estate off rip which is fine

00:46:15.160 i would also invest in an index fund what is that so an index fund is basically think of it as like

00:46:20.200 an account that will make money for you while you sleep it and it tracks different you know stocks or

00:46:27.640 indexes or commodities whatever keep it simple guys invest in a in an index fund that tracks s p 500

00:46:34.040 s p 500 is the top 500 performing companies in the united states um or you can go ahead and and um

00:46:40.200 invest into the top excuse me the total real estate market the total stock market those are

00:46:46.600 the two ones that i invest in uh because if those fail the world is going to end anyway and uh pretty

00:46:51.240 much you know they've done numbers on this the s p 500 is almost is always going to give you a 10

00:46:55.960 return pretty much consistently so it's a nice safe way to put your money in you know i you can put in

00:47:00.600 a thousand whatever a month whatever you can afford a lot of people tell me that the stock market is

00:47:04.120 crashing right now yeah it's always going to go up and down but i mean you just keep your money in

00:47:08.440 there and you just let it sit and then it's always going to go up eventually remember this

00:47:12.200 this is one thing with investing you'd never lose money until you actually cash out

00:47:19.800 that's a big thing that people need to understand whether it's cryptocurrency

00:47:22.680 or the stock market index funds whatever you never actually lose money unless you cash out

00:47:28.360 so just be schizo and keep it in there just let it yeah let us sit in there let it ride

00:47:32.600 the compound interest is your friend in that situation right even though i do make fun of compound

00:47:36.360 interest sometimes um when it comes to index funds etc it's good but this is why i think

00:47:40.040 it's very important for guys to be diversified i mean i i i me simple i got a vanguard account

00:47:44.520 i track here let me show y'all i'm be super transparent with y'all no they'll be honest

00:47:49.160 you man they'll be my i went quickly before you say that my memora manzar says 24 years old from israel

00:47:53.880 a musician and an editor since i was 11. i believe in being patient and hard-working man

00:47:57.640 thanks to you guys myron a real one hey shout out to you and uh i'm always transparent with my

00:48:03.320 finances because i think yeah shout out to you man uh people need to know a lot of people be

00:48:07.240 capping about how much money they're making so okay so let me okay so i got my band right open

00:48:14.600 let me show y'all what i actually invest in

00:48:21.800 it's a Rothschild ipa okay i don't know what i'm reading okay i'll sneak it out

00:48:28.840 that was retarded that was retarded huh what were we talking about drawings

00:48:33.880 ha ha ha ha asian

00:48:37.960 ha ha ha i'm balding women deserve less less length for girth ha ha ha

00:48:45.400 so um can you open up a google screen yeah all right type in on google uh vt s-a-x

00:48:54.200 vt sacks yeah so this is what i what i um invest i put a thousand dollars a month i should probably

00:49:02.760 up it to be honest with y'all 1k a month yeah so this is the vanguard total stock market index fund

00:49:07.640 and you can go ahead guys and do this with any other brokerage account you know charles swab

00:49:11.640 whatever you could do anyone i just use vanguard because it's simple but regardless it tracks the

00:49:15.960 total stock market index and i go ahead and i just invested that i throw a thousand dollars in

00:49:19.800 this thing every month i just set it forget it and boom i'm gonna probably up my contributions

00:49:24.760 but whatever you can contribute i've spent most of my money on real estate so that's what i prioritize

00:49:28.760 like a motherfucker yeah but no no no and that's fine it's down but that's the thing with with um

00:49:34.360 it's always going to go up and down but in general one year you can oh it's up a year though yeah so

00:49:38.520 in general you can expect to make you know about a ten percent so i i do a total stock market index

00:49:45.000 but you can also do the s p 500 those are really safe ones to invest in with index funds but over

00:49:49.160 five years you would have made and then 50 and then uh go go type in fresh and fit index funds

00:49:54.280 real quick on youtube fresh and fit index funds and i go in detail into this stuff

00:50:04.920 right there boom the four easiest ways to build wealth will index and etfs and i go have a step-by-step

00:50:09.000 guide on here all right and we are live welcome how all the videos you're recommending have index funds

00:50:13.880 the etfs let's get to a baby girls like being ratchet and twerking and like it's crazy right

00:50:18.280 our guns and then the two videos you recommended have uh 40k and it's like chat this is what these

00:50:23.400 are the videos that myron is actually thinking that could change your life and they're putting

00:50:26.440 effort into that and you guys aren't watching it yeah and for all the guys out there that are

00:50:29.400 concerned with interest this is 100 percent halal you're not going to deal with no interest on

00:50:33.000 this shit mashallah okay so this is called the easiest way to build wealth and it's from

00:50:37.000 yeah because you're setting it and forgetting it yeah okay i'm actually gonna put these in my

00:50:40.040 discord so um i'm gonna put them in announcements it's this yeah index funds etfs all that and

00:50:45.240 but just to summarize it for you guys track this total stock market index or the top 500

00:50:49.800 smp 500 you're gonna be good what was the other video called uh that one was it was the most recent

00:50:54.600 one how to set up your llc i think that was most recent that right there steve from accounting

00:50:59.160 how to set up your business to pay less taxes and we videos right there so one is on real estate

00:51:04.760 and the other one talks about uh um index funds and the difference between as index funds guys and

00:51:09.400 individual stocks is that when you buy think of an index fund as an assortment of different

00:51:14.200 stocks and one so think of it as like um you're able okay so let's say you got a cookie basket

00:51:19.880 right okay one has only oreos and then one has oreos chips ahoy um biscuit whatever the

00:51:27.640 fuck right yeah so with only the oreos you're investing in just the oreos so if the oreos fails

00:51:32.680 you go down but if the oreos does well you you make a lot of money right so it's you're putting

00:51:37.240 your eggs in one basket but if you invest in let's say this cookie jar which has chips ahoy

00:51:42.680 oreo etc let's say one of the cookies does bad but one of the other cookies goes up well you

00:51:47.080 basically break even because you diversify the risk among different stocks that's what an index

00:51:51.800 fund typically is that's why it's safer to invest in those because you're investing in a trail mix

00:51:56.840 instead of just buying an m&m bag boom you know what i'm saying that's the simplest way to put it

00:52:00.600 calorie you get different macros exactly you need to fill up your diet with a bunch of different

00:52:04.600 stocks exactly and you spread the risk that is the beauty of index funds all right so if one

00:52:10.040 stock fails you got more boom that's why the s&p 500 or the total stock market wait what about

00:52:14.280 how about yoloing all my money into gme no i wouldn't do that i i don't like i would stay

00:52:20.120 away from investing individual stocks yeah i would really stay away you have to really know what you're

00:52:24.040 doing investing in individual stocks and it takes more focus and stuff it takes more focus you got

00:52:27.640 to be watching the market how you're doing stocks is how i wanted to real estate is have money

00:52:31.000 you just want to like put it into that yeah like make me more money so yeah get an index fund okay

00:52:35.080 okay and then also we could talk about precious metals and shit guys give me ones in the chat if

00:52:38.280 that gave you all some value with index funds and shit like that and if that explanation made sense

00:52:41.400 with the cookies you know it's funny it's very gen z to just be like let me yolo into gme and then

00:52:45.640 hope with like scouts and booms no you're going long term actually building wealth like yeah long term

00:52:50.360 it's not just like you're not just gambling you're making good steady investments yeah you you know and

00:52:55.720 again the real estate gives you the money up front the the crypto and the index funds etc is going to

00:53:00.520 give you more consistent money over time with compound interest but that's why i'm such a big

00:53:04.520 fan of diversifying and being in all asset classes most of my money goes to real estate crypto is

00:53:07.800 really down right now crypto it is bitcoin went down like 4k recently i'd luckily i pulled out like

00:53:11.880 all right they're giving ones they like it all right awesome awesome i i know it because index funds and

00:53:16.040 individual stocks confuses people but the best way to explain it it's just individual stocks is oreo

00:53:20.760 another one is like oreo chips ahoy fucking it's just a bunch of stocks all that just a bunch of

00:53:25.960 stocks uh osmond hot bubble says w north sudan el south sacks el south sudan bastion what is the

00:53:31.960 best way to find companies that are not woke i do not want to help fund them okay is that a good

00:53:35.400 idea how what if all these there's no way to avoid it bro they're all joined but they're all pretty

00:53:39.240 much owned by them boys well it has to do with them boy i'm just saying like woke companies like you can

00:53:44.520 well yeah well hey yo they're always going to be woke you said it man i didn't say

00:53:50.680 shit i was reading a don't know jess i'm a one of myron is the best guests on the stream man come

00:53:56.440 on like well holy he's still good he's still going hey man we give you all the entertainment the

00:54:01.160 racism whoa no nobody nobody was racist education we love diversified bro we're able to do everything

00:54:06.600 we're able to you know you know i'm saying talk uh money and everything else you remember that

00:54:11.080 you already forgot about that we were curling five seconds ago man like if you watch she

00:54:14.360 me go home okay we're we're glazing her already on the street

SNEAKO - August 19, 2023

Myron Teaches SNEAKO The In's & Out's Of Real Estate!

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