After warning family and friends in 2007 about the coming market and mortgage collapse, Daniel Ameduri started his own YouTube channel, VisionVictory, which has received 10 million video views.
Not listening to his own advice, Daniel made a bad bet with Southern California’s real estate market, which wiped out his entire income and savings, leaving him broke. With a special focus and passion for personal finance, he re-built his wealth and declared financial independence in 2012. Daniel is the co-founder of Future Money Trends and shares his best investing tips and how to grow a strong audience.
Key Market Insights
At 13, joined martial arts and had a mentor who was a real estate investor
“Want to be reach and not go to school” by robert kiyosaki
At 18, bought his first rental property in 2000 in Southern California, at the beginning of a bull market
Even small condos were going up in value by $10k month
700 sq ft – Azusa for 100,000 sold it 2 and ½ years later for $278,000
Borrowed an agent’s commission as a down payment as an advance, refinanced to pay the broker back
In 2006, knocked on doors talking to people in foreclosure and the list was small, but the list started to grow and then became a thick packet
Realized the sub prime lenders were on the default list and knew something was about to crash
Started warning family and friends that a crash was coming, but was still investing trying to squeeze in last minute flips
Had a flip for $990k that ended up selling as a short sale for $550k
Was blessed that Google took over Youtube and made him one of the first partners
Started as a newsletter, which morphed into Future Money Trends
Opportunity to diversify into PureStreet – $1,000 on first trust lien
Stocks – like blue chip names like Disney and believes it’s virtually impossible to time the market
You’re always going to get your best value when you buy things that people don’t want
People say you have to buy low, but nobody wants to buy low
Focuses on buying homes with foundation issues that can be fixed for $3,800
Some native Texans are hurting as there are high property tax at 2-3.5%
However, a massive migration from California and NY in to Texas
Out of 11 of his kids friends, one is from Texas, one from Michigan and nine from California
Project he’s excited about: Land acquisition in California for the cannabis industry – Santa Veritas
Have the discipline to buy companies that are selling for less than their value
Bull’s Eye Tips:
Winning Your Market: For investing: Buy what is ugly, For an audience: Over deliver on providing great content
Tracking Market Changes: Watch traffic to website and goes opposite of what media says – “media is chasing the last story, not the next story”
Daily Habit: Read for an hour and then focus on gratitude
Resources:
If You Want to Be Rich & Happy Don’t Go To School by Robert Kiyosaki
Rich Dad, Poor Dad by Robert Kiyosaki
Best Business Books:
The Davis Dynasty by John Rothchild
Digital Resources
Tweet This:
“Don’t chase the bubble”
“You’re always going to get your best value when you buy things that people don’t want”
“People say you have to buy low, but nobody wants to buy low”
“There is always a solution somewhere”
Places to Grab a Bite:
Connect with Daniel:
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