I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@@themateo5233 99% chance that he borrowed money, especially for his first property. I'd almost guarantee he borrows money on ALL of his real estate. Especially a few years ago, when rates were 2-3%. When rates are that low, it's STUPID to not borrow money.
You gotta make a video that talks about where you started from. Like were you born into a rich family? Who guided you in this path? When did it start? Tell us 0 - 100.
Power of compounding real estate over time. I own a 20 unit which I am doing a BRRRR on, 26 unit that I will BRRRR, and a mobile home park that is a fix and flip. Real estate snowballs over time and I am starting to share my journey.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly
Spend all extra money down toward principals, as you pay it off cash flow increases from that one until paid off then you but a second and add that cash flow plus a paid off cash flow property, continue until you can save up a year to buy 6-10 unit property, push all extra rent to pay off as quick as possible and you should be in good shape
Great video, but you moved real fast...Would love to see a more in-depth video on how to use Equity in your existing properties to expand your Real Estate portfolio.
Multi family is always the preferred option. More work, but the multiple rental payments decrease risk profile. One bad tenant in a single house can play the court/eviction process for months while destroying the property, and you still have to pay the underlying mortgage. Then you have to fix it. The rental business is no joke.
By following this practice; *(Being frugal , Investing and staying positive),* and by working with a *financial planner,* I achieved financial independence.
Your equity is locked in can't touch it. Unless you want less cashflow. Also it's based off market value. Also with so many rentals with how much debt on each property you have wouldn't it be a better strategy to utilize your cash flow to pay off some of the property's to increase your monthly cash flow and decrease your monthly debt and overhead before continuing down a road of continuous debt and liability depending on markets and percentange occupation of per building especially in this economy
Grandpa used to say : " Don't count your chickens before they hatch. " Seattle's tolerance for vagrants, Drug abuse,& remote working, has decreased desirability of Seattle residency. Vacancies are increasing. Just wait until you have vacancies & all those mortgage payment to make.
@@MonteMitchell I don't consider logical evaluation of circumstances or potential circumstances to be" hatin"...it is what I learned at university. You are making a huge assumption by being: "sure he has plenty of reserves."
@@paulbrungardt9823 The "big" players doing social media, getting social media revenue and selling courses probably have nothing to worry about. People who purchased a shit ton of real estate in 2008 probably have a bunch of properties paid off where they dont have to worry about vacancies. The vacancies and professional tenants really fuck over the new guys trying to get in to it who are over zealous
Thach, my wife and I are planning to get started in REI. Time to make moves to better our lives and financial future. As a fellow Vietnamese brother, you’re inspiring my guy. Thank you for sharing your wisdom and experiences.
Wanted to get some sweet shirts. Send me a link ‘I’m out of Santa Clarita/San Fernando valley Cali getting in to whole sales contacts ,I’m your age bro
Your the man, here's my situation. My mother left a trust in the trust my sister and I own 50% a pcs of the asset. 15k a month cash flow. The assets is worth 3 million free and clear equity hasn't been touched for over 35 - 40years. There is a buy out clause in the will if one of us wants out. There a 15% tax hit if i want to be brought out. How can I tap into $ to buy more real estate, cause I'm stuck I'm trying to get in buying another 10-15 unit building. My sister is head of the trust. She afraid of making more money. I need your advice.
Thanks for your videos have watched many over and over and they are really informative. Can you do a video on the100 units multifamily you just built? 2) pls can you tell me why you like your multifamily apartment to be micro apartment? It seems it a good strategy as it enables you maximize space as well cash flow compared to have 2bed & 1 bed apartment? Thanks for replying
@thachnguyen can you please explain your real estate business entity structure for building & investing .Do you only use series llc's or corporation? if so when do you use a corporation?
Please I need someone to help me trade or invest in the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
Amazing and very inspiring video! Appreciate this very much! I'm in the South Bay, Los Angeles, CA - I wish u were local and I would definitely find the way to stalk you to learn from you!! LOL For that, how do you think I can find someone like you the successful investor in my local market? Going to different meetup is one thing, but curious about your input.
New York City is actually the most expensive city in the United States. If you compare Seattle to New York City then New York City is actually a lot more expensive than Seattle. Google it. Seattle vs New York City cost of living.
hi Thach i have a 10 year plan to retire from my w2 , do you think multifamily is a better investment to accomplish my goals vs single family homes? i currently owned a few single families but i m not seeing much cash flow now due to the increase in taxes and insurance (Jacksonville and Orlando market)
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling,does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
You're right. That's why I've to start forex trading three months ago with my reliable expert Jessica chiara Russell. Now I'm making constant profit from it
My coaching right now only can help students in the US however I am updating my mentorship and it will be able to help people out of state. Coming soon and stay tune bro
You’re taking a huge risk by accumulating all these credits and biding on always good market. If God forbid something bad happens to the market tomorrow, you’ll lose everything in no time. I suggest go slow: build, own, sell and move to the next one until you build a bigger portfolio then do rentals.
I appreciate your feedback and I like designing and building thing out. Even cars 😀 I stick to seattle bc I know it and I made the mistake I bought and build out of state and country and won’t do that again. Thank you 🙏
