Here's How I Make $2M Working 2 Hours/Day

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When Todd Baldwin started his real estate investing business, his goal was to earn $1 million by age 30. He not only achieved that goal, he did it two years ahead of schedule by developing a winning formula based on real estate basics, and he shares that formula in this interview.
Investing in real estate doesn’t need to be complicated. Todd’s approach starts by keeping the focus on the tenants rather than the property. He’ll explain why this is a smart, along with his other real estate investing strategies and insider insights on how to invest in real estate the right way.
Those just starting out in real estate probably have a lot of questions, like how to buy your first rental property, how to research the local real estate market, and how to invest in real estate when you don’t have tons of cash laying around.
Todd didn’t know the answers to these questions when he started, either, and he learned some of his lessons through trial and error. In this interview, we’ll find out what mistakes he made, what he learned from those, and how he developed the investing strategy he uses today.
The truth is, anyone can make money with a real estate investment, and Todd is living proof. He started off as just a normal guy from a small town, and the expertise and skills he has today were developed over time as he bought and ran properties. That’s why he’s the perfect person to explain real estate investing for beginners and how to make money in real estate even if you’ve never bought property before.
If you’re looking for more real estate insight, check out some of our past interviews:
How He Grosses $480,000/Year from Real Estate Investments ►
• How He Grosses $480,00...
Don’t Invest Into Real Estate Until You Watch This ►
• Don't Invest Into Real...
Resources:
www.upflip.com/academy - Start, Build, or Grow Your Business
www.baldwin-capital.com/ - Find Out More About Todd's Real Estate Business
clickhubspot.com/un1 - Check out the free 2024 Consumer Trends Report from HubSpot
Timestamps:
00:00 - START
00:45 - Meeting Todd Baldwin
01:29 - Getting into real estate
02:37 - The key to real estate success
03:01 - Features of the units
04:41 - Initial capital for investing
08:36 - Tour of the home
10:40 - First steps to start from scratch
11:21 - Time to get back initial investment
11:58 - Garage conversion
13:28 - Revenue growth goals and tips
14:15 - Avoiding bad investments
14:51 - Choosing where to invest
15:49 - Scaling real estate revenue
16:38 - Steps after buying a property
18:11 - Fan blitz
19:35 - Tenant issues
20:49 - Using social media
22:49 - Advertising strategies
24:16 - What makes a good tenant
25:17 - Setting rental prices
26:32 - Key skills for investors
27:06 - What does Todd do differently?
28:07 - Starting from scratch
28:48 - Leadership style
30:23 - Daily time commitment
32:03 - Wholesaling
33:50 - Investing myths
35:53 - Importance of tenants
37:53 - Preparing for a downturn
39:19 - Next goals
40:34 - Outro
#realestate #realestateinvesting #realestateinvestingforbeginners

Опубликовано:

24 июл 2024

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Комментарии : 217

@UpFlip Год назад

Learn how to invest in real estate with our guide: www.upflip.com/blog/how-to-invest-in-real-estate

@emmanuelawosusi2365 Год назад

Nice

@hivyfalou1393 Год назад

for sure, I wi'' check it, sunds great

@randomredneckfabrications4457 Год назад

Oh Ii

@emmanuelawosusi2365 Год назад

@@randomredneckfabrications4457 nice

@weslee6637 Год назад

@@hivyfalou1393😢o😢😢😢

@ToddBaldwin Год назад

Thanks for having me on the show! It was a blast working with you!

@562rv Год назад

I’m pumped every time I see you Todd!! 🙏 You’re the goat 🐐

@ToddBaldwin Год назад

@@562rv Thanks Ray!

@UpFlip Год назад

We'd love working with you as well, @Todd! Thanks for sharing your knowledge.

@jaredtheboss Год назад

Awesome video! How do you find potential tenants to rent out the rooms? Or tenants???

@nickjohnsonj9291 Год назад

Are you dough baldwins brother?

@JoseMartinez-zh1tk Год назад

This guys energy, he deserves all of his success.

@UpFlip Год назад

Thank you for taking the time to watch! ☺️

@shawnemployee6906 Год назад

I see some of the comments of people saying it sounds too good to be true or theres more to the story then we know, well that can be true but if you listen closely youll see why it was so easy for him. He was 22 making $120k a year, theres 50 year olds in this comment section that probably dont even make $50k a year. Not only did he have a good income, he saved. The average american has $500 in their bank account. Towards the end of the video he said he has around $1.5m liquid cash, most people wouldnt be able to save that much without buying a ferrari or something crazy. Him doing these things is what allowed him to be successful.

@tacomonsternick 5 месяцев назад

Ya, but very few 20 something year old's get a 6 figure job. That's the ridiculously lucky thing that made this guy be able to do what he's done. I'm 26 and if I had a 6 figure income I could do anything... but I don't and am barely scraping by because the only jobs I can get don't even pay 30k a year.

@mikeb.3189 5 месяцев назад

@tacomonsternick Welll.... You too could make 6 figures if you sacraficed boozing and partying to acquire skills that generate that type of imcome. Working at a warehouse as a packer is not gonna pay you $119,000 a year, but owning the courier service that delivers those packages will!!!! It's NOT luck, it's INTENTION! What do you intend to do with your time????

@shawnemployee6906 5 месяцев назад

Very well said. @@mikeb.3189

@kingflamealot3714 23 дня назад

@@mikeb.3189 Name a skill.

@shawnemployee6906 Год назад

For sure one of the best upflip episodes. Literally changed my perspective on real estate.

@cesargotze Год назад

"Do not wait to buy real estate, buy real estate and wait."

@AZ-zv2pb Год назад

Thanks UpFlip. The content keeps getting better and better.

@lifehacks1019 11 месяцев назад

Todd is such a likable landlord! Much blessings to him, family and business ❤

@adelepears899 Год назад

Love this - such great useful information broken down for the "regular" Joe. Todd is so genuine, and the host does such a great job. Will be tuning in to more UpFlip for sure! Thank you.

@alfonsosandoval6300 Год назад

Upflip team when will you guys film a video about your experience starting and growing your RU-vid channel?

@UpFlip Год назад

In 3 years, we grew from 2 people to a team of 32, but all of us still work remote, and we don't have a physical office. We're reinvesting every penny back into the company. As soon as we get to a certain level, we will ;)

@jaredtheboss Год назад

Do you make the tenants that rent out the rooms sign leases? How do you generate the lenses?

@laurasamaniego5937 Год назад

Great interview! Very informative. Todd Baldwin is awesome. Thanks for sharing your knowledge.

@UpFlip Год назад

Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔

@laurasamaniego5937 Год назад

@UpFlip Thanks so much for asking. I really enjoyed the video. I am trying to rent by the room. Todd has a housekeeper, and I would like an interview of someone who doesn't have one. How the use of kitchen and chores are handled. Thanks again

@zalaelle190 Год назад

Thank for these videos, soo inspiring!!

@beinspired7854 Год назад

Thank you for bringing this guy i saw him a few years ago on a different channel and was curious to know what he became

@jimrice4068 Год назад

Thank you for asking my question ❤

@jaredtheboss Год назад

How do you find tenants to rent the rooms? And how do you vet the tenants? Any programs?

@windhunters Год назад

Great interview. Thanks

@vihangchaudhari Год назад

what website do you use for background. check?

@octaviolavaselli293 Год назад

great value from this vid thanks

@erickarostran1569 Год назад

Regarding subject to, how do you find these?

@asadmire3362 Год назад

Nice interview a lot info in there.

@allthingsinvestingandfinance Год назад

He seems so happy I love it

@nonstopper Год назад

Love the video. Seem to be a lot of repeat questions and answers though

@maximus01152891 11 месяцев назад

Thank you! How do you find wholesale deals?

@davidt8381 6 месяцев назад

I love this channel because the host asks nitty gritty questions in a friendly informal conversational style which gets the most information out of the business owner. An example in this interview was 'What software do you use to do background checks on potential tenants'.

@ddfelder2 Год назад

Now this is the stuff I love to see!

@zaincesc 11 месяцев назад

Can anyone explain how to find/search a ‘subject to’ property. Is there a forum or a group

@m.ehtizan Год назад

Hey Man, I just watched your video and I must say that it was really informative and well-made. I loved your videos. I was wondering if I could help you edit your videos and also make highly engaging shorts for you.

@andersonwinner2739 Год назад

Thanks for sharing awesome tips, I started my path to reinventing myself a year ago, I'm now living healthier, confident, stronger, making 6 figures, having leisure to enjoy family & friends. I feel happier and living my life for myself. This is to encourage someone "you can start anytime to have a reset it's worth it! I'm striving to continue growing cus it's a journey

@royblaise9540 Год назад

Congratulations! Thanks for encouraging others with your story, I will love to get tips from you too

@CarlottaART 10 месяцев назад

What a great interview!!!! Ty both!!!

@UpFlip 10 месяцев назад

Glad to liked this episode! Are you in real estate as well?

@sonofgaming3175 Год назад

You should make a video about your youtube channel and your revenue streams! New to the channel so I was wondering if there's a video about that! thanks

@AvengedAggressively Год назад

Is that the correct Baldwin Capital link in the description?

@yourpathmatters Год назад

I see a new episode and I don't think. I just hit like.

@keyshield5777 9 месяцев назад

How do find houses subject 2 !!!

@kodypilger Год назад

This is incredible.

@wisergal2002 6 месяцев назад

Many blessings to you Todd!!!

@RealityTrailers Год назад

If it sounds too good to be true then usually it is too good to be true.

@smarteryou4830 Год назад

Way more to this story.

@RealityTrailers Год назад

@@smarteryou4830 Fancy music, camera play and other forms of hype normally doesn't do it for me, sorry.

@ddfelder2 Год назад

What sounds too good to be true?

@RealWG7 Год назад

Absolutely...

@georgebametejnr6722 Год назад

Awesome episode

@UpFlip Год назад

Did you learn a lot from this video? What are your takeaways? ☺️

@mompreneurlife Год назад

❤LOVE this story! Also love how down to earth this man is. ❤

@Queteimp Год назад

Pretty good video. I liked it a lot.

@UpFlip Год назад

Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔

@rajm.5819 Год назад

If this guy can do it. Anyone can.

@UpFlip Год назад

Absolutely! Are you a business owner yourself, or are you looking to start one? ☺️

@doordiariesre Год назад

Wow, this property looks stunning! What's your favorite feature of the house?

@Gursewak173 Год назад

Bro make a video on semi truck repair Shop business please

@fixitlinc3339 Год назад

You should do a mobile oil changer?

@SEBAYANI08 Год назад

wow great advice! and no losses in his entire realestate career? now thats impresive

@UpFlip Год назад

Glad you liked the video @SEBAYANI08 ! What do you think was the best advice?

@histevenhere Год назад

Garage to studio unit only 12k with permit?

@king_charlie Год назад

great vid!

@UpFlip Год назад

Thank you for watching and engaging with the content! ☺️

@user-et5kj3wz7b Год назад

We don’t have a mortgage, husband is now retired and wants to travel. We don’t splurge or anything like that. Inflation has hit hard and we want to relocate while growing his 401k which is minus 2 M atm. I'm cautious than ever with rising costs. What is your opinion? Happy to discuss.

@FloriKrueger Год назад

Travel is a small but important part of that overall puzzle. Start an annual budget for socializing and travel - $10,000 per year is a figure I picked out of the sky - and see how you get on with that over time. Agree to remain open to further conversations about adjusting that figure upwards or downwards.

@user-st8rm1ty7g Год назад

My fa requires you to have “worth-living assets” like creating memories, pursuing alternate interests, spending with family on trips that growing your finances can attain under the business model. She has over 600 million aum and doing exceedingly great on my account.

@MimaLopez-jt4vq Год назад

@MelbournecityyI’ve shuffled through a few experts in the past, but settled with Kayla Tabitha Rodrigues. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.

@jiyadavi Год назад

Im looking to move from LA to Bakersfield. According to Redfin comps in area are 200k but property we are looking at is 350k should we go ahead to buy now?

@maxjakobsson8491 8 месяцев назад

3:33... so this is kind of when i pause the video and go... ok... i understood the formula... thanks and godspeed... dont need to know anything else..

@Wheelztotheworld Год назад

Awesome interview

@UpFlip Год назад

Thanks for watching @Nick! Are you new to our channel?

@Wheelztotheworld Год назад

@@UpFlip nope been wayching th channel for some time

@Yulfi 3 месяца назад

Upflip asks all the right questions. Thanks 🙏🏽

@UpFlip 3 месяца назад

We do take our time preparing for the interviews ;)

@GD-oz7uy Год назад

Best landlord ever!

@juanitoqueintin5908 Год назад

Damn I lived in Washington for 6 months I couldn’t take it but definitely a better place to start in real estate than NYC!! Shhittttt good for you man!!!

@UpFlip Год назад

How's it going for you now? Thanks for watching! ☺️

@thebtran1009 Год назад

I like the channel so

@Trumppower Год назад

Sounds so easy.. Lmao... You guys know where this ends.

@smarteryou4830 Год назад

More to this story, that's not being mentioned.

@DanielWestCoast Год назад

Alot of ppl here are asking questions and looking for the answers that are in the video. Like just watch the video fr. There's alot more gems in this video and is very well broken down.

@UpFlip Год назад

You got that right, Daniel WestCoast! Todd dropped a lot of valuable tips, and we can't all write them all down. So please, everyone, keep on watching! Thank you! :)

@hivyfalou1393 Год назад

little pink houses of America sound like one of Em's rap songs minus the pink hahahha

@UpFlip Год назад

Ha! That's right. Thank you for taking the time to watch! ☺️

@leveluponcrypto Год назад

You have better rights when you occupy to kick tenants out rather than if owner is not occupied. But being married with kids having roommates not many women going for that might just rent it fully out and live in another property. And subject to’s many banks can call loan due in full i would make sure to fully read the loan docs because some banks not going for that.

@KLM7394 5 месяцев назад

Really enjoyed this post up! 🎉🤙👏👏👏

@Keepit-rh4tx Год назад

Subject to is basically you taking over the current owners mortgage payments and YES if you don’t make the mortgage payments the banks will still foreclose on you and take the house despite you not being on the note because the house is collateral for the loan.

@UpFlip Год назад

That's right. Thanks for watching! ☺️

@brandonleesanders Год назад

Dude is ANIMATED 😂

@UpFlip Год назад

Todd sure is lively, Brandon Lee Sanders! His energy is contagious! Did you enjoy this interview? :)

@karthompson1280 11 месяцев назад

I’d be animated too if I was making that much money!

@BBBYRONNN Год назад

Getting a subject to loan is and will be very rare in todays market. Nobody’s willing to walk away from there Gomes in this current market.

@UpFlip Год назад

Thank you for sharing your thoughts, 6yron! Today's current market is indeed getting tougher by the day. However, just because it's rare doesn't mean it doesn't exist. To know more about how Todd effectively finds opportunities as such, please keep on watching! :)

@PhilXC_ Год назад

Absolutely 💯

@UpFlip Год назад

Glad you liked the video!

@hectorcolon733 6 месяцев назад

Awesome video ❤

@lifecoaching5068 Год назад

These people make it sounds so easy. You go apply for a loan and you will know how crazy it is. Tough as hell

@UpFlip Год назад

It's not easy, but it's possible Life Coaching. One of the most popular ways entrepreneurs start their businesses is by taking a loan. That's why we must follow steps and be diligent enough to go through the process. Thanks for watching! ☺️

@kennyhand236 Год назад

how do you find investors though?

@UpFlip Год назад

the power of networking! There are some local investors that adverstise, some require more searching, some are in fb groups, community posts and so on. Just really need to present your business idea to as many people as you can :) Are you interested in real estate?

@RubenDeanda-lb9wr 4 месяца назад

Lisa : selling drugs , Bart : don’t know selling drugs , marge: it has to be selling drugs 😂😂😂😂😂

@kclmnop4372 Год назад

I find it hilarious that 1300 for a master is apparently overpriced. I know tiny bedrooms being rented for 2000$ in ottawa canada

@UpFlip Год назад

Lucky for you! Some areas have a higher cost of living than others. It all boils down to location. Thanks for watching! ☺️

@Pedro-uq3jy Год назад

It's not the first episode I see with so many repetitive info inside that same episode

@UpFlip Год назад

Thank you for pointing that out, Pedro. Can you please let us know which information you think are repetitive? This helps us improve our content. Still, we thank you for watching and hope you continue supporting our channel!

@nhanha7433 Год назад

They know the stuff and you do not know

@onkelamejoymarumo132 Год назад

This guy is awesome. I'm 4 months retired and I want to venture into real estate. I'm 60. Do you think I can succeed?

@RICTV83 Год назад

Yes u can

@JF-ns5zs Год назад

No enjoy your retirement

@rickjames3606 Год назад

Enjoy your retirement, don't let these videos fool you. Being a landlord can be a big headache and a lot of pain.

@RICTV83 Год назад

@@rickjames3606 Being restless can as well hence why i mention push older you get your brain goes backwards

@fastdeliveryl708 Год назад

Just enjoy your retirement… at that age stop thinking abt money and more more and more…

@TheGreatOne428 Год назад

This guy seems legit

@UpFlip Год назад

Because he is! Thanks for watching and supporting our channel! ☺️

@JD-lb8np Год назад

Dang 15k a month passive would be legit.

@IcyDNA Год назад

Tenants are paying down the loans too. I’m 20-30 years he will be a official millionaire if he ever decides to sell. He’s a millionaire on paper rn. With the millions being tied up in the houses

@The_Collector323 Год назад

How tf u but a house n working to jobs $18 an and $20 an hr so explain to me how do I buy a house to make money?

@UpFlip Год назад

To start a business, big or small, one must have the capital to invest. Fortunately, there are plenty of ways you can get it. So please browse and watch more of our videos, listen to our podcast, or read our blog posts to get an idea of how different business owners accumulate their capital. Hope this helps! ☺️

@davekas2393 Год назад

You make $2 million dollars a year but you still house hack? That doesn't fly.

@Kasey_888 10 месяцев назад

Why not? He seems to be a modest guy and enjoys living free whilst building wealth. Those that continue to build dont fall for the trap of increasing spending when your income goes up...

@theonemox Год назад

He says it takes a year to make his down payment back... if a down payments 20% that means his properties have a 20% cap rate.. never seen that.. seems odd?

@UpFlip Год назад

Can you let us know what makes you think it's odd? Are you in the real estate industry too? What are your figures?

@Essays4College Год назад

So nobody EVER loses money in real estate? That's how these RU-vid videos and HGTV shows always make it seem.

@UpFlip Год назад

He didn't say nobody. It's just the case for him which we admit is pretty rare in the industry but good for him, right? ☺️

@Essays4College Год назад

@@UpFlip Definitely good to see...for sure.

@rachadballout8087 Год назад

Where is paul :(?

@UpFlip Год назад

He'll be back! ☺️

@rachadballout8087 Год назад

@@UpFlip I hope so

@tonegreen7985 5 месяцев назад

How many times this man said “sexy”😂😂😂😂

@runx 6 месяцев назад

But why saying “absolutely” at the start of every sentance?

@tedmerabet3625 Год назад

12:00

@UpFlip Год назад

Thanks for watching this episode, Ted Merabet! What's your take on owning a "normal" car? Would you do the same if you were in Todd's shoes?

@xrayded5037 Год назад

Never say “I’ve never lost money in real estate” the market is down right now. If he’s tenets move out he’s screwed.. lay off already happening you will loose some yes but long run you do make money for sure…

@UpFlip Год назад

Thank you for sharing your thoughts, Xrayded 503! We believe it was the case for Todd, which is why he said it. Let's hope for the best, even in these challenging times.

@JustinFrantz Год назад

Please stop interrupting the video and telling me to stick around and pausing and fast forwarding and all that it’s super annoying and I’m just here to watch a fluid video 7:16

@cgm05 8 месяцев назад

No expenses to whole sale? Either this guy doesn't whole sale or he has a massive network

@cihan.a Год назад

moral of the story have 120k yearly income, and then continue working after coming home fromyour 8 to 5.

@nhanha7433 Год назад

You do not know too much these promoters

@BIGGESTYOUTUBER5399 Месяц назад

He's on something

@selciushassan3870 Год назад

As soon as people say no money down I know they lying

@UpFlip Год назад

Please watch the video for you to understand what he's talking about. Hope this helps! ☺️

@selciushassan3870 Год назад

@@UpFlip I did watch the video, it’s the same bs that everyone else use’s when they reference “no money down.” When you mention no money down its misleading information. Rather than stating you can put very little money down or use a BRRR method people use this “no money down “ bs.

@alexbob5209 Год назад

$1,300 is super cheap !! Compare to San Francisco

@UpFlip Год назад

Prices really depend on where you live. Thanks for watching, alex bob! Any business you want to see next? ☺️

@poopymerl Год назад

his numbers don't seem to add up.... he makes over $1M in profit for 5 wholesale deals? So that means $200k profit per wholesale deal? Then he brags about a $50k deal, and then says 'some' of his deals have 'even been over 100k'. math doesn't check. regardless, this dude has made it, good for him

@mohdnazam6466 Год назад

👍❤️

@mohdnazam6466 Год назад

Thanks for reply 👍

@mohdnazam6466 Год назад

Very good knowledge video

@UpFlip Год назад

Glad you enjoyed the video, @Mohd! Are you in the Real Estate business?

@mohdnazam6466 Год назад

@Up_Flip ❤️

@professionalcarphotography6167 Год назад

@UpFlip Год назад

Thank you for watching, professional car photography! Is there any business you'd like to see next on the channel?

@BIGGESTYOUTUBER5399 Месяц назад

Millionaire or not his brain is fried

@MostlyPeacefulNinja Год назад

What I got from this video is that he doesn't actually make $2 million a year, lol. You guys are so ridiculous. This guy was on some "dating show" as well where he claimed he made $2 Million a year. That's not his income. You can tell who is trying to sell you on something.

@Kasey_888 10 месяцев назад

Wholesale, subject 2, hard money lending, etc are all accessible IF YOU PUT IN THE WORK! Far too many want it to be 100% easy and w ZERO effort bc otherwise, "its a scam". You can LITERALLY research these methods and get in networking groups to grow your education, get to WORK to grow your confidence, and then KEEP WORKING until you make money. Same folks on here "complaining and doubting" Id bet are usually the first to QUIT if something doesnt work out in less than 24 hrs. If yall thought this way as infants youd have NEVER learned to walk for fuggs sake!

@Mster_J 8 месяцев назад

Spot on 💯

@jonphotos8631 Год назад

Please change to format!!! Just sit in one place and give use the important information. This ‘keep watching’ and changing location is super annoying and it makes it seem like ur taking my time with no return to me.

@UpFlip Год назад

Thank you for sharing your thoughts! If you find this video distracting, please head on over to our blog and listen to our podcast for more straightforward information. Hope this helps! ☺️

@relaxinggospelmusic2421 3 месяца назад

😍

@LivingtheDRdream Год назад

how he make $1 million per year in profit ? if he profit $15,000 per month from rental income 🤔. there is no way he make $820,000 per year from wholesaling 😂😂. wholesaling is like finding a needle in a haystack . it seem like he is saying that to sell people wholesaling course

@Bean-vj1lf 9 месяцев назад

Your crazy if you think you can’t make that wholesaling your a hater

@LivingtheDRdream Год назад

99 percent of this video , he explain how he make $180,000 per year in profit from his rentals but he never explain how how make $820,000 . sound like he only make $180,000 and lie about the rest

@LivingtheDRdream 3 месяца назад

@@janitoronfire that is a lie 🤣🤣