The entrepreneur has also written several books, including "Shark Tales: How I Turned $1,000 into a Billion Dollar Business!" and hosts the hit podcast "Business Unusual with Barbara Corcoran."podcast and shared why she suggests young people invest in real estate early.
"I believe the best thing you could do is buy something as fast as you can," she said. "When you're in your 20s, you have a big ego... Hit up [your] parents. There's no shame in that. Nobody buys under 40 in New York without the help of their families."When asked about the time to buy, Corcoran always has the same answer: "Right now"
Corcoran believes it's better to buy as soon as possible versus continuing to wait for a better moment. "Forget about the timing. The timing of what you earn on that home has more to do with when you have to move than when you buy in. You're not in charge of that, your life is," she said. Corcoran attempted to buy her first apartment at the age of 26 — a top-floor walk-up studio in Greenwich Village — but she backed out of the deal and lost her $84,000 deposit."You have to get in the game of real estate... You have to beg, borrow, and steal. You need a chit to trade up with. How are you going to get in it?"Seven years later, she went on to start The Corcoran Group after Simone left her for her secretary.
MakeIt She should’ve said that three years ago. Now it’s too late. Plus with the predicted recession end of this year and next creating high mortgage rates that we’re facing now she should retract that statement. It’s just foolishness.
I'd rather wait for the boomers to die off.
When you see stuff like this, it means run from the real estate market.
Right when Housing is starting to turn 😆
Lol boomers trying to cash out
At the top. Great advice 🤦♂️
“You have to get in the game of real estate... You have to beg, borrow, and steal. You need a chit to trade up with. How are you going to get in it?” Housing is just a Monopoly Game. America can't house its population but has instead turned housing into a pyramid scheme.
Because prices are about to drop and she wants to steal their money?
hm
Lol. Shes trying to unload her bubble portfolio to someone else. Yes RE is great (if you buy cheap, and proper terms etc). The LAST thing you want is: - buy when prices are crazy like they are now - buy when interest rates are crazy like they are now Buy AFTER the upcoming crash
Property is the way