I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
What really shines in this episode is the solid marital relationship which appears to have significantly contributed to their success. What a blessing. What can you not accomplishment with two people co-laboring so well together? Kudos - thanks for sharing your journey!
Very inspiring podcast however I was looking for more details how they fund the purchases. The refinance provided the initial DP, this transaction produces a debt payment on the primary residence. Just wanted clarity and maybe a blueprint on how the subsequent down payments were paid.
Great interview. I really appreciate this interview. When I was in college I was actually too scared to take the leap of faith. It wasn't until I was in my mid 20's that I actually ended up buying my first rental property. Thank you for this. Very much appreciated.
The power of partnership!! This was another great episode. I love how they work and influence one another. You can get there faster when you're on the same team. Also, the fact that he is working two jobs (plus hers) to make this happen. They deserve that early retirement (speaking that beach life into existence for myself as well). Thank you!
Great interview. Thanks for the transparency and inspiration. To be able todo this on a SW salary shows RE investing is possible for those with regular incomes.
29:00 if you live in Florida like me you’ll soon realize what the CON in contractor means 😂. I also had an identity crisis when I was first renovating my house. You don’t have to know how to fix anything to be a real estate investor. The key is how to be an amazing delegator. My friends sometime call me the cheap sub contractor 😅
I love the team work and trust that you have for one another. My husband and I have a similar story only in reverse. I was the one all in and doing all the research and educating myself etc. He was skeptical and risk averse. Through the amazing power of networking and mentorship, we are now on the same page and making some moves to scale. Exciting stuff!
I love this episode especially because they mentioned my hometown Saginaw! Your story is very motivating and kudos to you for working 3 jobs and becoming a realtor! 🙌🏼
Great story. I kept listening trying to determine the type of homes/what they paid/ARV/area they bought it/etc. Great Content regardless and thank you. Subscribed.
So glad I came across this page. I'm getting married and will be putting my home up as a rental property. Would love it if you guys would cover this in one of your shows. Thank you.
Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.
At 20:00 they mentioned $110k refinance, which would leave ~70k left after deal #1. Then he explains "because I work so much, we build up our reserves pretty quick". So it's a combination of the initial primary refi, W2 income, and cash flow from each property!
Please invite them back to talk specific numbers about each investment, they only talk about the first purchase. Very frustraing episode. I kept waiting to get to the 2nd deal, never did. I'm feeling like they don't understand their audience, rookies want to know ALL the details so we can measure it against what we need to do or have done.
@dayinthelifeofRE I know exactly how it works. The whole reason this housing market/economy is in the pitfalls is because idiots like you over leveraging. I also own 2 houses, 1 of which is a rental property, which is paid off.
After working all day at your day jobs and then coming home to talk business, how do we make sure our relationship doesn’t turn sour? Do you schedule fun?
Our kids have baseball games Monday -thursdays, we do that together on top of watching movies at night and on the weekends. We plan weekend trips with the kids. Kids love playing play station with dad
Wife here... We have always done a really great job of recognizing eachothers love language. In the last 2 or 3 years we have really been more aware of ensuring we are spending 1:1 time together at some point each day.
Lets rewind...Did you say you put 25% down and that's how you purchased all your properties? 6 properties times $25k is $150,000?? WOW! that's a lot of money somebody ran into a life insurance policy or a settlement or something lol
The actual total is 113.5k+19k for closing cost + 3k in appraisal+ 2.5k in inspection. For a total of 138k. This is the number without any repairs. The first house 27k basically full remodel and windows, house 2, 3.5k for furnace, house 3, gutters little over 1k, house 4, we covered 4K of a 12K asbestos removal +3.7k furnace, house 5 none, house 6 2.2k in gutters for a total of 45.2k
If they used the term "team" one more time and not describe what that meant I was going to scream. FINALLY at @47:00 he defines it!!! And than you randy for having him explain what he was looking for in a financial institution.
A beautiful episode indeed. This couple seems to have enjoyed great luck in their environment besides the work they put in. Preparation indeed meets opportunity, My question for the couple and hosts is What kind of property would you recommend for an immigrant first-time investor? Multi-family or Single-family? Also, would you advise first-time investors to reside in their property so they enjoy the benefits of it being their primary residence?
I was a bit disappointed with the content, I wished they have mentioned more about the deals. It would have been more informative. I usually do not say negative things but I was so excited that I was going to get a great lesson about real estate, however 48:45 it is nice to see such great relationship.
I agree. The producers did not want us focus on each deal. They wanted us to focus on our story. We talked more about our deals in the interviews. If you would like more information on our deals send me a message on IG.
Thanks for sharing. I think the most difficult part is bring your partner aboard and I appreciate both of you sharing your experience to help other couples on that. Trust, communication and numbers!
“Your schizophrenics, your bipolars” please get training on correct and respectful choice of words in the mental health field. I’m a SW in Michigan With bipolar disorder.
This is an amazing pod cast!! I am so inspired we are actually start investing good points and we are so motivated to do this... you guys awesome this couple really lucky and blessed for supporting each other,
What do you mean plenty of bread? It's a process to build up money. Life is about choices. I paid off my car, house and student loans, never making more then 15.75$ an hour. I work up to 88 hours a week, and many 16 hour days. We buy clothes at Walmart. We don't go to concerts and major sporting events. Our phones are 4 years old.
Best informational video this couple is an example to follow Bigger pockets you are the best interviewing real people that are getting it done in really state
I love this episode, I do the same line of work, also thinking about investing in real estate. I listen to your guys episode while working out because you guys motivate me, thank you for sharing your knowledge!!
We always have 6 months of reserves to cover any what ifs. We have never had a house vacant for more than. If two out of our 6 are full it will cover all of the mortgage
@@dayinthelifeofRE u prob haven't had rentals during a recession or downward turn in job market. Good luck when u have to make your rentals zero net carbon!
@@tammyturowski6703 I purposely bought my rentals in areas that are recession proof. They are supported by a hospital college and a Walmart and other large convenience. Part of being a real estate investor is understanding the market you are investing in. However I don't think you actually care about that. It appears that you just want to be negative, and that's okay. Best of luck
Random comment for Tony. I like your T-shirt man! Where’s it from? Also, thanks for the awesome education. Haven’t taken action yet, but I hope to soon.
God I hope I never marry a woman like this . She wants to control and make all the important decisions and not allow him to lead . If she would’ve listen before they would be so much further ahead . Don’t sound like she has so much trust for him to me
Property management a few hundred a month. Thats what the only option as. They act as an overhead & help keep your name clean and out the way while being first on site since they are local
@@ChozenNYCproperty management is way more then that. Most want first month rent and 10-15% monthly rental income. At 12% that would cost us 969$ a month. 11.6k + 8k for placement
That’s why you don’t have a good experience with contractors… Want to pay 20% to starting, not even pay the material… I’m contractor in Naples - FL, thanks god already have my name in town, so i no need to worry about new costumers with that kind mentality.
I guess I'm confused. Are you referring me not having a good time with contractors. In the episode we report that we have had zero issues with contractors and love the two we work with
If the husband is hiding and withholding informations from his wife, it’s too hard to trust him, eventually he’ll just push and push the other her away and she’ll eventually hide protecting herself too coz she can see this person is just hoarding for himself and doing things on his own. And it is selfish. I don’t get the point of them hiding from their spouse! Its just so perplexing. How do you get to enjoy doing business as husband and wife and not grow from each other if you are not one in just as simple as business. If there is no transparency and no trust its just hardship. If he’s just thinkingnof himself, she’ll eventually protect herself and build something on her own and if they have children the wife is just gonna prioritize their kids over the husband who is thinking of himself who is stingy and hoarding for himself. What happens to his wife and kids if suddenly something happens to him. The wife and mother of that household cannot just stand and watch that her kids is gonna have a hard time. She has to make sure her kids are taken cared and well of when them as their parents are gone.
As the wife in this partnership, I am not sure what information you are referring too as being withheld. We are partners. We complete every descion together. This partnership is built on trust, which has led us to be successful.
@@rockymountainfacet5958oh buddy this is the most ridiculous claim I've ever heard. When I was following Dave my net worth was 200k. I had my house paid off and a little bit of money set aside. Now my net worth is 600k, I own a total of 7 houses, and way more money in the bank. Debt that is an asset builds wealth. Debt that is a liability, is what cripples you
I find it fascinating how crypto prices can fluctuate so drastically in such a short amount of time. It's a testament to the volatility of the market and the unpredictability of investor sentiment. However, I believe that these fluctuations are simply part of the journey toward mainstream adoption and eventual stabilization. Despite the loss/risks, As a result of the market crash, my portfolio has decreased from $250k to $150k. I would appreciate any Advice/recommendations on how to increase my returns during this challenging time. Thanks
Hope you are hooking up your tenants with below average rental cost because your bubble is about to pop. Karma is coming for the greedy landlords corporate or private.
Wow!! So inspirational. It’s EXACTLY what I needed to hear right now. Thank you for this episode. A few questions came to mind: How are you finding the deals? Agent? Wholesalers? Facebook? Is your exit strategy STR, MTR, or LTR?
First was off market from former realtor. The next 5 were from MLS. All 6 are LTR. I considered getting into MTR however would be an extra 15k or more furnishing the house.
A furnished rental in the long-term would bring in more cash. That current property rents for $1,200 a month. If we were to fully furnished it we would have charged between 1800 and 2000. We had posted the property on a few different marketplace and did not get the best review so we decided to make it a LTR.
Yes I found all of my properties on apps such as realtor or Zillow. Those apps pull properties off-mls. The issue with only looking at my MLS, it will only generate properties listed on my MLS. There are more than 30 different mls in Michigan. Any property that's not directly on my MLS, I have to reach out to the listing agent and ask for a stat sheet.
They do not give us the question before hand to study. We are average Joe out here just trying to give back. We don't get paid to do the show. We volunteered our time.
Caleb, I'll bet you are a guy who likes everything pretty cut and dried. I'm like that. But real estate investing isn't neat and tidy. You WILL mske mistakes and learn from them. Find a local real estate investor and do grunt work for them while you learn. Then you will see, question and get those answers quickly. Wish I'd done that.
@@dayinthelifeofRE don’t let these kind of viewers ruin your willingness to share or anything. People like to nitpick for no reason (got nothing going on probably)… the interview was awesome and you guys killed. Didn’t notice or mind anything!
