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- $10+ Million At Risk...
$10+ Million At Risk...
Gamestop, Banks, Morgages and More Drama As The Economy Gets Closer And Closer To A Reckoning...
The Daily Ninja 6/4/24
Updates From The Economic Ninja
(6/3/2024)
π There is a concern that certain individuals may manipulate stock prices by strategically revealing their positions on the internet to create emotional imbalance and profit from the resulting stock movement.
π° People who aggressively bought shares of GameStop on the way up made money, especially those who were shorting it in the morning.
π The stock market may reach a point where trading has to be halted due to extreme volatility, causing confusion and potential losses for traders.
π Roaring Kitty holds 5 million shares of GameStop worth $15.7 million, showing a massive position in the company.
π± "Influencers can influence the price of stocks. How scary is that it's absolutely horrifying to me."
π This is going to get out of control and I believe you're going to see even more craziness with this stock market this summer.
(6/3/2024)
π‘ VA loans are a great option for veterans to buy a house with zero down payment.
π‘ The Mortgage Master course is designed to help people save hundreds, if not thousands of dollars on their next refinance or when buying a second house.
π‘ The barrier to entry for many people in the real estate market is intimidating, but there are ways to overcome it and get started.
π The devil is in the details when it comes to refinancing, and understanding the fine print can save you a significant amount of money in the long term.
π° Learning how to leverage seller concessions and bank concessions can help maximize your real estate investment without putting down a large sum of money.
π° Buying the property right the first time is crucial for financial success in real estate investment.
π Seller concessions can be a viable option for getting money for repairs when buying a fixer-upper property, saving a lot of money under government conforming guidelines.
π° Homes are falling in value in Florida, creating an incredible opportunity for smart real estate buyers to negotiate an amazing deal.
π° Use the panic of sellers to negotiate a much lower price and ask for seller concessions, as they are likely to agree due to the lack of demand.
π Identifying the cycles of the real estate market is crucial for understanding its current position.
π The Ninja believes that a crash in the real estate market is upcoming and encourages people to prepare for it through his course.
(6/3/2024)
π The housing market crash is predicted to be the largest in 90 years, with similarities to the events leading up to the Great Depression.
πΈ Many people may be priced out of the real estate market due to financial struggles, leading to an imbalance of sellers and buyers.
π° The government's plan to open up second mortgages will allow homeowners to tap into their home equity and move up in the real estate market.
πΈ Learning how to present your financial background can make banks beg you to take their money at lower rates for a mortgage.
π Inventory of homes is exploding, with prices dropping significantly, making it a potential opportunity for those prepared to invest.
π² Luck is a myth, according to gamblers and billionaires alike.
π‘ Learn how to squeeze every dime out of your balance sheet and p&l for flipping real estate or cash flowing real estate.
(6/3/2024)
π Insurance companies are using drone footage to cancel policies based on high risk demographics, causing a potential deluge of properties hitting the market.
π‘ Home insurance companies are using drone and aerial photos to cancel homeowners policies, citing reasons such as clutter in the backyard posing a fire risk.
π Drones may be used by insurance companies to spy on homeowners' properties, leading to controversial policy cancellations.
π The mortgage company can accelerate your note if you don't have insurance, putting homeowners at risk of losing their homes.
π State Farm is set to cancel 27,000 homeowners policies in California, potentially causing disastrous consequences for those affected.
π Having your home insurance policy canceled could cost you more in the long run, as other companies may not want to underwrite you and you may have to go to a more expensive plan.
π΅οΈββοΈ "I think this is a gross misuse of surveillance for insurance companies."
Go out there and crush it!
-Ninja Out