We buy, sell, renovate, lease, and manage single-family and small multi-family rental properties.
We specialize in single-family houses, condos, and small multifamily buildings; and currently manage 14,000 properties for 6,000 different investors and homeowners. Our clients range from real estate funds to homeowners of single-family homes and small multifamily buildings.
I miss the post Pandemic Mortgage rates, those were good times ! The market correction has been massive and with the impending recession it seems like things are only going to get worse.
You can say that again! I have pity for people who spend above 50% of their take home on rent, to think that things aren’t really looking up for the economy and inflation is driving the average cost of living to insane highs, a lot of people might not be able to get through the coming phase.
Well that’s why financial literacy is really paramount, as much as the market can be quite unpredictable and a lot of variables have to be considered while making decisions, one still has to be aware of the basic principles that govern these things in order to avoid obvious pitfalls.
True, personally I work with an expert financial planner, been with her for years and she saw most of these things coming. Working with her has been the best decision of my life! She Advised me to buy a Condo in Tampa for $100k in 2020, as of 2022 it was worth almost $200k, and she helped me structure the fin-plan to pay it off, now it’s paid off.
That's exactly whey I never got into real estate. I don't want to work more than I need to in life. If I retire with 15 million instead of 150 million, my life won't change a bit
What he is saying is you do the live in for 1 year method on it. Then buy a 2nd one and do it. Yes that is great and all. But you should pay the market. What for the time to do it. Now is the time for me to get a second one and do his advice to make my payments lower.
People think investing in residential real estate is passive income that just prints money when the reality is that it requires lots of time even if you outsource the management. Also, the maintenance required adds up quite a bit. I only invest in high quality commercial properties. Other than the work required up front to find and buy the property, it’s truly passive income for me
Or, better idea for the resident, maybe help to remove the need for landlords entirely. Being a landlord is evil and the only way I think buying a rental house is good is if you buy it, rent to someone in a way that them paying for rent contributes to them buying the house from you
Many people prefer renting over buying property for various reasons. For instance, those planning to live in an area for a short term (2-3 years) often find renting more practical, as it offers flexibility without the long-term commitment of homeownership. There are many people who want to own a home but can't because of affordability but that isn't always the case
@@Evernest1 then the best option of housing being free is still the best option. I only say that you should rent in order to help sell because people being stuck off the property ladder is a massive issue that landlords are making worse
You actually can do this with no money. I’ve done it many times. My first house I bought with $300 and no bank. You just gotta learn how to do creative real estate deal structuring . No, I’m not selling anything! No, I’m not gonna post any links. I’m just telling you from my own personal experience I have bought many homes and never used the bank and never invested much of my own money. This information is out there if you know where to go look. Now is it easy, no! Are the concept simple, yes! However, going from concept to execution are too totally different things
You're absolutely right! There are plenty of ways to buy real estate with no money down. I actually started by partnering with someone who brought the money into the deal. I've also made a video on this channel covering how to own rental property without any money. However, in the context of this short video, he wasn't referring to creative financing. I also agree that execution is the hardest part!
@@Evernest1 I agree with you. That’s a fair point. In the context of that video it really didn’t make sense. If you have no money, you cannot buy a house in a traditional manner.
That may be true for hard money lenders, where the focus is more on the deal itself rather than your credit or income. However, for traditional financing, you'll typically need to contribute something-whether it’s capital, credit, or another asset-or have a partner who can help meet those requirements
That's completely understandable. Owning rentals can be tough, and it’s not all the glam that social media makes it out to be. There’s a lot of work behind the scenes that people don’t always talk about. It’s a long-term game, not just easy cash flow like it’s often portrayed.
I completely agree! In my opinion C class areas usually have a good mix of affordability and potential, while D class can be a lot riskier and harder to manage. Sticking with C class gives you a better shot at stability and growth long term!
I also would not recommend purchasing a home warranty for your primary residence. The process of getting issues fixed is often frustrating and time-consuming... Subscribe if you're new here! 🎉
As someone ( in my 60’s ) who owns 4 houses, the truth of this is somewhere in the middle. I have never made more than $72k, in my “day job”, but have worked hard, lived frugally, and invested wisely. It IS a small business, but it IS NOT “incredibly difficult”! Read some books. Try, Adiel Gorel
You're 100% correct! Real Estate is a great investment but the work required to make it a great investment isn't talked about as much as it should... or that it's an "easy" way to make "passive income"
It's all fun and games until the tenant doesn't pay and it takes 6 months to get them evicted. Meanwhile you weren't able to make your mortgage and the bank foreclosed.
Truth! If a potential resident isn't screened properly it can absolutely be a complete disaster. It's important to screen carefully while also adhering to fair housing laws but even with a great screening process nothing is a guarantee.
There needs to be rent control. Real estate investing has made housing unaffordable, contributed to homelessness, and made the American dream unaffordable because of landlord greed.
You are totally correct! Even the turnkey multifamily investment opportunity I have takes a few years, but it's still the best way to get into real estate investing in my opinion. Everything takes time, but real estate investing can be not only passive income for yourself, but your family for generations to come.
We love multifamily and single family real estate! Both are great options to start investing in real estate and can create generational wealth long term!
Even if she were a Real Estate Savant…. The way she spending money she won’t be able to retire at 30 😅 Well, I mean she could, but she’d be right back in a year or so 🤷♂️
Also responding and recording yourself to such content is SMART and helps you get RICH. Nice. Like it. Very much. Kudos. There is a smidge of Sarcasm here. Only a smidge.
There's way too many people selling a dream on social media about real estate and it's time some of us reasonable people tell the truth... also you're right! recording these videos does help grow the channel but a lot of people unfortunately fall for these "motivational videos"
You're taking your angers out on the wrong people. Real estate income has been tied to the housing market for a long long time. Many other incomes/industries are still well-paying but many/most incomes/industries have stagnated over the past 2-3 decades, causing the general population to be underpaid and overworked. Don't be mad at me because I make a living, be mad at those whom caused you to lose you way of living. You're more than welcome to join us in real estate any time. It may not all be glitter and gold.
@@cameroncook975 you literally said it yourself: “real estate income has been tied to the housing market for a long time” without the cronyism and fiat currency (central bank and FED) and mega corps like Black Rock, you’d be in the gutter. All of you would. I’ve been through many realtors in Seattle and Portland and none of you have hard skills. The world will look very differently soon though, so I’d suggest you get some real skills.
ngl i believe real estate should be regulated by the government. but since the corporations are trying to control the market, fuck it😂 just don't gut ur tennants for every dollar u can get
the government has a lot more control over real estate than you might think... Also corporations that try to "out price" the market don't get their properties rented. Supply and Demand is a big factor that controls rental prices
Thanks for doing these videos they’re really helpful. I made my first investment this year and I’m gun shy now because it took a lot the first few much. But the more I watch these the better I feel about moving forward and getting more.
Thank you! I think you're being completely reasonable. Investing in real estate takes a lot of risk management and patience. NEVER buy if the numbers dont make sense or if you need to torture a spreadsheet to make the numbers work. Also, if you find a deal that looks good it would be wise to get a second opinion from an experienced local real estate investor in your area to give you a thumbs up or thumbs down on that deal
You can leverage your crypto and make 10-20% gains in a day.. or 10-20% losses.. choose your investment strategies based on your level of risk tolerance
Anyone who shares content and ideas on the internet I would consider an "influencer" There are good influencers and bad influencers. It's important to have good judgement on whether the advice you're hearing is good or just "selling a dream". I've heard of Ben Mallah but I haven't looked through much of his content.
We operate a portfolio of rental homes. In life, there are more things coming your way, so dispatch with everything that comes up immediately. When we get an email or call, we reply with "what's a good time for you later today or tomorrow to stop by to take a look?" Go look at the issue. Decide if a maintenance staff member can handle it or if a vendor needs to be called. Tell the tenant right then your choice. "We'll have one of the maintenance people come tomorrow - what's a good time for you?" then negotiate the time (and day if tomorrow is too soon). The effort to stay on top of everything that is coming your way, as a side effect has you resolving your customer's (tenant's) issues very quickly. We add a $75 fee that we choose to enforce at our sole discretion, if a tenant becomes incessant with no-merit 'repair' requests. EXAMPLE: "Dryer not working". Arrive, the setting on the dryer control was set to "no heat - air dry only". Some tenants develop an obsession with wanting attention. That happens once in every 100 tenants.
Thanks for sharing! It sounds like you have a solid system for staying on top of tenant requests and handling things efficiently. I like the approach to respond quickly and keep communication clear-it tends to keep both owner and resident happy. The idea of charging a fee for unnecessary repairs makes sense, too.
