الشغل الي رح يجيبلك ملايين !

جلال ابو مويس - Jalal Abuimweis

24 Mar 202408:59

Summary

TLDRIn this video transcript, the speaker shares insights on becoming a millionaire through real estate investment. They discuss the importance of having capital, buying properties, and selling them for a profit. The speaker details their personal experience with renovating a house, transforming it from a neglected state to a beautiful home. They emphasize the need for quick action in the market and the strategy of buying, fixing, and selling properties for profit. The video also touches on the speaker's dislike for holding onto properties for too long and their preference for making money quickly through sales. The speaker concludes by sharing their belief in the power of buying and selling to achieve success in real estate.

Takeaways

😀 The speaker aspires to become a millionaire and emphasizes the importance of having capital to generate profit.
🏠 The speaker discusses the process of buying, renovating, and selling properties as a way to make money.
🛠️ The speaker shares details about a specific property renovation, including changing the facade, flooring, and kitchen.
💰 There's a focus on the importance of quick transactions and not holding onto properties for too long to maximize profit.
📈 The speaker mentions buying properties below market value and selling them for a profit, highlighting the strategy of buying low and selling high.
👷‍♂️ The renovation work includes detailed changes such as new flooring, a completely new kitchen, and bathroom renovations.
🌳 The speaker talks about the landscaping work done at the back of the property, including removing tree roots and installing new doors.
📉 The speaker warns against holding onto inventory for too long as it can lead to losses in the real estate market.
🎯 The key to becoming a millionaire, according to the speaker, is understanding the business and being quick in buying and selling.
📈 The speaker shares a personal anecdote about buying a property for $495,000 and selling it for $720,000, illustrating the profit margin in such transactions.
👥 The speaker acknowledges the team involved in the real estate business, including those who help in acquiring and renovating the properties.

Q & A

What is the main goal of the speaker in the script?
-The speaker's main goal is to become a millionaire by buying and selling properties, emphasizing the importance of quick transactions and understanding the market.
What does the speaker suggest as a key to becoming a millionaire?
-The speaker suggests that having capital and continuously buying and selling to make a profit are key to becoming a millionaire.
What is the speaker's opinion on the importance of education in becoming successful?
-The speaker seems to downplay the importance of formal education, as he mentions not liking the idea of buying a house for his mother without a certificate to hang on the wall.
What changes did the speaker make to the house mentioned in the script?
-The speaker renovated the house extensively, including changing the facade, replacing the flooring, remodeling the kitchen, and updating the bathrooms.
What is the term used for the renovation work done on the exterior of the house?
-The term used for the renovation work on the exterior of the house is 'Stucco', which was replaced to give the house a new look.
What type of flooring material is mentioned in the script for the house?
-The flooring material mentioned in the script is 'Laminate', which was used to cover the old tiles.
What is the speaker's strategy for dealing with properties that are not selling?
-The speaker's strategy includes fixing up properties and then selling them, or sometimes renting them out if they are not selling.
What does the speaker mean by 'moving quickly in the market'?
-The speaker means that in order to be successful, one must act fast in buying and selling properties, as the market changes rapidly.
What is the speaker's view on holding onto properties for the long term?
-The speaker believes in holding onto properties with potential for future value growth, but also emphasizes the importance of quick transactions for immediate profit.
What is the estimated profit the speaker made from the house renovation project mentioned in the script?
-The estimated net profit the speaker made from the house renovation project is approximately $130,000.
What advice does the speaker give to others who want to be successful in real estate?
-The speaker advises others to understand the market, buy and sell quickly, and not to hold onto properties for too long unless they have potential for future value growth.

Outlines

00:00

🏡 Home Renovation and Investment Insights

This paragraph discusses the process and philosophy behind buying and renovating properties for profit. The speaker emphasizes the importance of having capital to become a millionaire and the necessity of understanding and engaging in the real estate market. The narrative includes a walkthrough of a renovated house, highlighting the transformation from a basic structure to an attractive home. Key elements mentioned include changing the facade, updating the flooring, and remodeling the kitchen and bathrooms. The speaker also touches on different aspects of real estate investment, such as buying properties to sell, rent, or fix and flip. The core message is to buy and sell to generate profit, and the importance of being knowledgeable and quick in the market.

05:01

💰 Real Estate Investment Strategies and Personal Preferences

The speaker in this paragraph shares personal insights into real estate investment strategies, focusing on the importance of quick transactions and the risks of holding onto properties for too long. They admit to not enjoying the process of buying a house just to renovate and sell, preferring to buy and sell quickly for profit. The speaker provides an example of purchasing a property for 495,000 and selling it for a higher price, emphasizing the principle of making money quickly in a fast-changing market. They also mention their basic rule of making fast money in real estate and the importance of not getting too attached to the properties they buy. The paragraph concludes with a candid confession of not always liking to give out numbers but providing an example of a property bought for 495,000, with additional costs of 65,000 for renovations, and the expected profit after selling it.

Mindmap

Keywords

💡Millionaire

A millionaire is an individual whose net worth or wealth is at least one million units of currency. In the video's context, the term is used to describe someone who has achieved significant financial success, likely through real estate investments. The video's theme revolves around the idea of becoming a millionaire by buying and selling properties, as indicated by phrases like 'to become a millionaire you need to have money' and 'the work I do is to buy and sell.'

💡Profit

Profit refers to the amount of money remaining after all costs and expenses related to a transaction have been deducted from the revenue. The video discusses the concept of profit in the context of real estate transactions, emphasizing the importance of making a profit from buying and selling properties. For example, the speaker mentions 'the net profit will be approximately 170,000 dollars', illustrating the financial gain from their real estate activities.

💡Real Estate

Real estate encompasses land and anything permanently attached to it, such as buildings and houses. The video's main theme is centered around real estate investment, where the speaker talks about buying properties, renovating them, and selling them for a profit. The script mentions various aspects of real estate investment, such as 'buying and selling houses' and 'renting out buildings.'

💡Renovation

Renovation is the process of making a building or a room look new again by cleaning, repairing, or rebuilding it. In the video, the speaker describes how they renovate properties, such as changing the facade, installing new flooring, and updating kitchens. The script provides examples like 'we changed the entire face of the house' and 'we installed a new kitchen,' showcasing the renovation process.

💡Investment

Investment refers to the use of money in the expectation of deriving income or profit from it. The video discusses real estate as a form of investment, where properties are bought, improved, and then sold or rented out for returns. The speaker mentions 'the basic rule in my work is to buy and sell quickly,' highlighting the investment strategy of quick turnover for profit.

💡Market

The market is the total of all the opportunities and potential sales of a particular product or service. The video touches on the importance of understanding the market in real estate, as the speaker talks about the need to buy and sell quickly due to the fast-changing nature of the market. The phrase 'the market is changing quickly' is used to emphasize this point.

💡Property

A property generally refers to an item or piece of land owned by someone. In the video, the term 'property' is used to describe the houses and buildings that the speaker buys, renovates, and sells. The script mentions 'the property was nothing to everything when I got it' and 'the property is almost finished,' indicating the transformation and value addition to the property.

💡Rental

Rental refers to the arrangement where a property is made available for someone to use for a period of time in exchange for payment. The video mentions renting out properties as one of the strategies for generating income from real estate investments. The speaker says 'sometimes we fix them and rent them out,' indicating that renting is an alternative to selling for profit.

💡Renovation Costs

Renovation costs are the expenses incurred in the process of improving or updating a property. The video provides an example of renovation costs when the speaker mentions 'the renovation cost, including the plumbing, kitchen, and stories, is about 65,000 dollars.' This illustrates the financial aspect of property improvement.

💡Net Worth

Net worth is the value of all of a person's assets minus the liabilities. The video script implies the concept of net worth in the context of becoming a millionaire through real estate investments. The speaker talks about the profit from selling properties, which would contribute to increasing one's net worth, as indicated by 'the net profit will be approximately 130,000 dollars.'

💡Success

Success is the accomplishment of an aim or purpose. In the video, success is discussed in terms of achieving financial goals through real estate investments. The speaker reflects on their own success and happiness with their work, saying 'I love my situation a lot,' and encourages others to follow a similar path to success.

Highlights

To become a millionaire, you need to have capital and make a net profit.

The speaker emphasizes the importance of understanding the world and its opportunities.

They discuss the transformation of a property they worked on, from nothing to something.

The house's facade was completely changed, with new designs and renovations.

The floors were replaced with a new material called 'Cork flooring'.

A new kitchen was installed, as the old one was very limited.

The marble in the kitchen needs some cleaning before completion.

The bathrooms were completely renovated, changing their entire look.

The speaker talks about the importance of buying and selling properties to make a profit.

They mention buying properties, renovating them, and then selling or renting them out.

The speaker shares their personal preference for buying and selling properties quickly.

They discuss their basic principle of making money quickly in a fast-changing market.

The speaker explains their dislike for holding onto properties for too long.

They mention buying a property for 495,000 and selling it for a higher price.

The speaker talks about the importance of not just making money but making it quickly.

They discuss the renovation costs and the expected profit from selling the property.

The speaker shares their personal satisfaction with the work they do and their dislike for holding onto properties.

They mention cleaning and renovating the backyard, removing old tree roots, and installing new doors.

The speaker talks about their love for large-scale real estate projects and their aspirations.