➡ John, a subscriber of Economic Ninja, joined a real estate master class and started buying property. Despite initial concerns about the timing of his purchases, John was able to afford a house due to a significant down payment from appreciating assets. He also improved his credit score with the help of a recommended service. Now, John is not only a homeowner but is also considering investing in rental properties.
➡ The speaker discusses the potential economic downturn in 2025, including possible inflation and real estate market fluctuations. However, he emphasizes the importance of understanding market cycles and using this knowledge to make smart investments. He shares a personal story of buying a house at a good price and not being affected by its value decrease, as he was focused on long-term stability and rental income. The speaker encourages listeners to stay informed, make strategic decisions, and not be discouraged by market changes.

Hey everybody, Economic Ninja here. I hope you’re doing well. I want to introduce you to an awesome subscriber. His name is John. John, you got to say hi to him. They’re ready. Yeah. Everyone, please say hi to John in the comment section. That’s right. Yeah, that’s right. You’ve never been on this side of the camera, have you? Not here. Yeah, exactly. So, John joined the real estate master class. And to be honest with you, you scared the piss out of me. And this is a true story. So, we started a real estate master class which is this bulk of all the courses I’ve ever done in real estate in the past.

Then you get everything in the future and you get these coaching calls. Once a month. We got for the next 12 months. If you want, I open it up. Links down below if you want to check it out. John, like people immediately started buying real estate. I’m like, oh no, wait a minute. Hold on. We haven’t like really started to crash yet. And John was like, I’m buying a house. And I’m like, don’t. And I was like nervous, right? I’m nervous. I did the same thing to myself. Yeah. And I literally didn’t I say to you, I’m like, okay.

And I had you and your wife acknowledge it. Say it out loud. You understand that real estate is going to drop farther. And you both like, yes, Travis, we understand. Okay. So, I’m not joking. Like I like, oh gosh. He goes, hey, tell me what you said. Why’d you buy a house right away? Well, first of all, we could. We could afford it. We had a great amount of down payment. Yeah. But I just want to say you’ve really helped us out a lot. Thank you. I have a library of your courses.

And I’m studying a lot. Yeah. So, on many levels. Thank you. Thanks. Thanks. We just got tired. We were renting for like a long time. Yeah. And we have the income to buy a really nice place. But like, why are we still renting? Yeah. And Shelly and I look at each other. Let’s go for it. Transparency. She had the great credit. I was recovering from some stuff that happened. But something’s changed, have it? Oh, yeah. We don’t go off on a tangent. Yeah. Do you want to get about that? Well, yeah, there’s two things.

Gosh, darn it. That was awesome. First of all, where did we get the money for the down payment was, you know, assets, right? Oh, yeah. And we were holding some assets that a lot of people don’t normally hold. But we did. And they’d gone up in value. They went up in value. All right. We had a great down payment. It’s like rock-a-roll. I know that you talk, of course, about that. But Shelly had the credit. I didn’t. So, we had to kind of get in under the wire on this great half-acre piece of property with great house.

And a couple of things, as you suggested, a mortgage person to us. Yeah. Who verified that what we were doing on our mortgage was all that we could do. We were doing the best job of it. Who ended up being your mortgage person? From the course? No, no, no. A local guy here. But he really helped us out with reconfiguring the loan so it would work. Because it was kind of unusual. We had to buy down the rate and all this stuff. But Joe, the mortgage guy, he came and said, yes, you did everything right.

He’s solid. It was great. I love that guy. Joe is classic. So, we went through and we were ready to buy. We were tired of renting. And we needed the big piece of property. And darn it, we could afford it. Because our incomes are pretty good. So, yeah. They’re very good. Yeah, we went for it. We went for it. And we did it. But me, also with the bad credit, recovering from a lot of credit card debt during COVID. Had like a real quick turnaround and things. And had a year that wasn’t good.

Went out, got $30,000 in debt. Didn’t look good on my credit. But then also, I did take the credit course. Yeah, but you before that, you paid for a company to fix your credit. Oh, it was awful. They did horrible. They’re spending, I think I was spending 290 bucks a month and they just got nowhere. So, who you turned me on to, which was on track, my credit score is just zooming. That was awesome. Doing great. And they keep up with me and they’re really giving me a lot of information on what to do next.

And they’re showing me everything they do. And stuff’s just getting deleted. And I paid off, I did pay off my credit. I did do that. But they got all that negative stuff off. So, I’m way up there. I’m gonna be putting myself on the house with my wife to refi. Which I couldn’t do. Yeah. But we bought the house over the summer. We’re gonna want to probably wait a little bit for that. Because when you refinance, you have costs, right? And you need to make sure they’re worth it. So, it has to be a…

We’ll talk about that later. I want to see… Not at 8%. Exactly. See, refinances only… You’re all in costs should be recouped in a lower payment within six months or less. That’s my that go-to. Do not refi if you don’t. Because there’s a big sea change coming in real… Let the rates rise. You’ve already got a fixed rate. And by the way, you bought a very sensible house. Yeah. You did not go crazy at all. No. Which I love. I mean, it’s like, hey, we got a house. You’re helping out some family.

You’re right. And what was your next thing? I’m ready to go buy it. You’re already positioning for rentals. Yeah. That’s… And I love that. You’re already thinking like a winner. Not like a defeatist. You know what I mean? You know, it’s amazing. We’ve already paid down over $30,000 on the house already. We’re paying it off early. We’re doing everything right. And we’re still… We’re still looking for the future with our assets. I need to sit down and look at your budget. I’m curious. That’s freaking awesome. But you’re also a Tider, aren’t you? Oh, yeah.

Yeah. Sorry. I got a tie in something. Oh, yeah. Tithing. I’m not even… We’ll bring that up with David later. He’s got an awesome story. But yeah, if you don’t tie it, check it out and trust him. Good news. I’m not a pastor. I don’t… If you tie it, I don’t make any money from it. But you’ll be blessed. I’m a worship leader. Yeah. And I work in the IT field, designing IT solutions. You used to be pretty crazy though in the Rock and Roll. Yeah. We had a band here for years.

Yeah. My wife and I were both in it. It’s awesome. A lot of interest. So, you… You’re one of the… Thank you. You bought the house. Yeah. You now are able to help family because you have a house and they can live there. Yeah. That is freaking awesome. Yeah. You have fixed your credit. Yeah. You’re already looking at rentals. And you’re already… Do you have a timeline? If everything stays the same, do you know when you’re going to pay your house off? Shelly told me the other day and I was like totally surprised.

It was like… It was… It was three years? It was around 10, 12 years after what we’re doing right now. Gotcha. We just got a regular 30-year fix. We got a good rate. Yeah. This 8% scares the heck out of me I’m hearing about. Yeah. Right. Yeah, exactly. But you’re paying down and getting ahead of compounding interest. Yeah. We’ll go faster too. Yeah. We got other things going on. That is awesome. Yeah. All right. So, in closing, is there anything you’d like to share with everybody? I mean, this is gonna sound like a total commercial because it is.

I’m not gonna joke. I’m the worst salesman ever. I’m just gonna be honest with you. I honestly believe that people should spend money for good education. And it’s not me because I barely made it to high school. It’s hanging out with all these guys and ladies inside the master group of these coaching calls because there are other people that have really good questions and there are some people that have some really good points. Well, I’ll tell you what. I couldn’t do it alone. I couldn’t do it on my own. I couldn’t do it without being part of the what I’ll call the ninja world.

I just shine. I thank God every day. You know that the things that have happened to us in the last couple of years have just been amazing and we do tithe. Yeah. And that’s and more than before even. Yeah. Isn’t that cool? Yeah. And I was just planning my next one. I was like, I think I can do more. Dude, I’m not. Well, and that’s a whole nother topic. But I mean, I I’m blown up. So there are bad things coming in 2025. I’m not joking. Inflation is gonna get bad. There’s gonna be bad things that happen.

I can’t even say on the video. But all I see is victory ahead of me. And for all of you guys, I see every single one of you absolutely crushing it because you can identify cycles. You know, that’s why I started with the real estate cycle course. Just identify what makes real estate go up or down in its city and then what makes it go up or down in a country. I knew nothing about momentum trading for assets. Yeah. Until I started listening to you and a little bit of Bravo too.

Yeah. That’s a whole different topic. Yeah. But momentum, understand the momentum behind the cycles and going in and I’m still today going in and out of certain assets. Well, actually that does play into real estate because of volume, right? When a lot of people you have more buyers and sellers, you got a buyer’s market. I mean, sorry, a seller’s market. When it’s the opposite, which we see now, there’s buyers aren’t showing up. And so we are definitely in a buyer’s market right now. And this is exciting. And I sent you something last month.

I toured, I won’t say what community it was, but surely I still drive around in window shop on properties. Yeah. And I sent you that paper. And it was, the properties were brand new home builds in tranches. It was astonishing how many houses weren’t sold. Yeah. A lot of them said sold and I didn’t believe it. But there was a huge number that were built and not sold. And when I got inside, they gave me the paper. Yeah. The discounts were shocking. They’re like, hey, this house is now 20 or 30 percent off.

It’s like, you know, maybe five or ten. Yeah. It was huge. Now, you know what’s interesting? I hope you guys can appreciate what John just said. Here, he buys a house and him and his wife are going window shopping and he’s smiling about home prices going down. Do you know that very unsuccessful people would be whining, complaining or upset that they got robbed, they got taken, right? Here, you got a gentleman that bought a home for a purpose. And then he shopped smart and bought right. And now that homes are falling, he’s starting to think bigger.

So, my payment’s fixed. I have stability for my family. I have peace of mind. I’m gonna go crush it and I’m gonna start rentals. Yeah. And that’s exciting. Yeah. That’s… I really want you in that spot where you’re so laser focused. We’re like the whole world’s coming down around you. It like when my home fell 46% after I paid… I paid in 2005, I paid like 480 grand for that house. And it fell like 46%, right? The whole market’s coming around and the whole thing, my payment didn’t change. I didn’t give a crap.

I’m watching people lose their houses left or right. And I was making hundreds of thousands of dollars, I’m no joke, selling palm trees, tractors and things like that saving up for when I flipped it into crypto. And even though a lot of people thought I’d missed this meteoric rise in real estate, you know, compared to those 2 cycles, I’m still happy, you know? And so, I’m happy to see people like yourself, John, that are like, I’m happy with my purchase. I say… How much do you think you saved in the negotiation process? Well, that’s a point.

The house was listed, I think this particular house was a good deal to start with, but I think it was listed at 540. Okay. I think we ended up around 512. 512? Yeah, yeah. That is awesome. We waited, we… it fell out a few times, we watched it fall out, you know, that happens. You’re like next in line. Yeah. And even our deal fell at once, but you know what? The market was weak. And you bought a year ago. So we actually bought the beginning of summer. In the beginning of summer? Okay, so like June? Yeah.

Okay, gotcha. It seems like forever. So, I mean, that was a totally different market. Yeah. So, to come down that kind of price, people don’t believe me, like, knowing Ninja, it’s down 20%, I’m like, I’m putting in offers at 30%, 35% under… It was already getting soft. That is freaking awesome. Well, John, thank you so much for coming on. I really appreciate your time. Hey, I keep an open mind. Keep looking. Yeah, you’re gonna crush… I hope you crush it. If you guys want to go deeper and you… some people need their handheld, honestly, to have more confidence.

If you want to be around the group of people, and it’s not a massive group, I’d check out the course. Master course, all of my real estate courses I’ve ever done in the past, all of them. And every… any future real estate course, it’s included for free. And one year, I’m extending it. Did I tell you? For another year. Of coaching calls. Yeah. Oh, the coaching calls. Because we’re making another offer. So you get it for free. See, everyone that gets in, when I extend it, you just keep getting it.

So, this deal is for a year. If we extend it next year, you’re gonna be in for a whole other year of coaching calls. Thanks, Ninja. You’re awesome. See you, John. Alright, with that being said, everyone, The Economic Ninja is out. [tr:trw].

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