Who else thinks Matt is living their dream life because he is definitely living mine. He has a beautiful wife, a mansion he is building, a LOT of guns, he is a veterinarian, a bunch of cool cars, and awesome kids
@@Thellbro Not really, you can be a huge fan of Demolition ranch and have no interest in off the ranch or vet ranch, i know, weird, but it is possible.
The bathroom was hardwood originally and in good condition so they decided to keep it, hardwood and tile = good for renting. carpet = terrible for renting
Anybody else wonder how Matt balances his life? What he has a mansion he is rebuilding, an off the grid house thing for demo ranch, has 2 houses he rents out, is a vet, helps run Bunker Branding, runs demo ranch, has 3 kids, 2 dogs, his own house and all that comes with, 2 in progress corvettes, the 18 ton, his 'normal' cars. And probably a ton of other stuff im forgetting, how the hell does he even keep track of half of that.
He said he has people working for him, like he doesn't edit videos, doesn't stay in bunker for long per day, mere and steven take care of a lot of stuff at bunker Of course he is a very hardworking person, but at the same time he is very smart too. He represents everything on social media and keeps a good look on everything. You can check out the interview he did with Texas pride trailer, ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YjufG0RtlLo.html
@@k3rma26 I am sure his accounts beg to differ. Nothing he has was given to him. He purchased everything through hard work, multiple smart business decisions, investments and a ton of hard work.
@@k3rma26 I apologize. As one who does not spend much time browsing memes, I don't see the vast majority of them. In that light, the comment did not seem valid for the hard work and expenses he has put in.
This man is rolling in the dough! 2 successful RU-vid channels, his own veteran clinic, rental properties, and a clothes brand place!! He knows what he is doing!
It was sold for 850k...and he will probably put over 500k into renovating and building his garage putting the bunker in the floor etc. But with all that land he has and the fact that he built a huge garage connecting to the house etc. He could see resell values of over 5 million+
You are such a business man!! But boy do I miss seeing all that intelligence and energy given to the animals!! I miss seeing Dr. Carriker! (No, not your dad. 😊) Please, if you at all can fit it in to your schedule, make another video as Dr.Matt. I love watching Drs.Dave and Carrie, etc.... but you ARE the heart and soul of Vet Ranch. I love it all, from blowing things up to renovating the mansion to running Bunker 2.0, but something important, vital, is missing! Love you and the family! And we'll see you next time!!!!! 😂💖
I watch Vet Ranch to keep it relevant on RU-vid, Love watching the old videos as well as the new ones. Just love watching the animals getting better and going to their Forever Home ( sad ppl would hurt any animal )!!!!
Jdib23 Yes, but I have a feeling it might entail some sort of grisly criminal activity...and if that gets known publicly, he will never be able to sell the house OR rent it out! Oh well....
Matt you are a great example of the living the American dream. Shooting guns, helping animals, being financially independent and having a great family.
I really love OffTheRanch videos like these, because they show the exact opposite end of the spectrum from the character Matt plays on Demolition ranch.
In many parts of America, That backyard is on the smaller side. I’ve was lower middle class growing up and both my houses had larger backyards than that
I blueprint for fun and your channel is heaven to me 🤣🙏 demolition, renovation, buying, renting, selling, numbers, materials. Just a dream. Hope to do stuff like this someday 😊
This is so interesting. I mean this channel has finances, flipping houses, military trucks, music video behind the scenes, family vlogs and so much more. All that coupled with people like Matt and his family who just radiate positivity and happiness. This channel is a blessing for real.
The number you calculated is not ROI, ROI is strictly “return on investment”. Cost of house plus improvements. The number you calculated is more closely a price to rent factor, which is telling you what you decided....you can make a better return by selling.
Exactly, and he didn't take into account that the crack house inflation was a lot higher and most likely will always be higher in comparison to his 1st house.
Hey Matt ! ! ! Next time yes a Raid fumigator ! It uses water & a canister that makes smoke . Those goggles leave a greasy mess on floor . The fumigator does not
Matt, thanks so much for breaking everything down and simplifying the numbers! I find this renting/real estate content super interesting and informative! Appreciate you taking some time out of your busy schedule to share your learning experiences with us! Keep up the great work and awesome content! Best channels on the tube!
@@tboman4128 and....... I'm super glad you're good at basic math! I was just thanking Matt for another great episode and for breaking everything down for simpleton dummies like me! Disregard my comment next time as it obviously doesn't apply to super smart people like you! Thanks for the reply!
I have never had luck with bug bombs killing fleas. Hope you have better luck. You have a better understanding of financial matters than my husband does.
Complicated as it may be, I’d love to see you take five minutes to go over all the other things you omitted like insurance, property tax, capital gains tax, and increasing property value!
Structural exterminator here... a "bug bomb" won't solve your flea infestation. You need a residual treatment containing a growth inhibitor like Precor to be applied first, then an aerosol treatment applied after the residual to get the fleas moving across the growth inhibitor and residual pesticide.
Thanks for explaining ROI the way you did, really helped me grasp it better. I got into a bad situation with my current home, my first. It's the biggest house in the neighborhood and there are new neighborhoods popping up all around. The rental price would be insane in this area and the price to sell would also be high in comparison to these brand new cookie cutter homes going up all over. I'm also in between jobs, not really sure what to do right now.
I'm inclined to agree. To make the turnovers he's talking about in the time frame he did it would have to be mortgage free, at least on those properties, who knows about any other properties he could have accessed the equity of.
I've thought about moving to San Antonio/Matt's Area(and having him as a landlord until I can buy a house) but watching these videos makes me realize I need to save up way more before I even think about it.
@@achirdo But I'm not fucking naive. I actually plan shit out and do stuff the smart way unlike the rest of my generation. I'm only 23 and I pretty much have my career,goals,etc planned out and I've did the research to know what I need to do. I'm sure some things will change but it will be for the same goal. Just because I'm Gen Z doesn't mean I'm that gen Z.
Matt, thank you for making these kinds of videos. This is the kind of thing that most of us would never look up, but is very useful to learn about. Perhaps there should be a "Matt teaches you about stuff Ranch" RU-vid channel.
Will you rent or sell your current house when moving and changing the title to Occupied Mansion? Ps. Numbers were great, loved the information, no need to worry about variable costs when giving a general overview... keep up the good work.
Matt...you are the BEST. Wanna know why your channels are so popular??? You have your shit together. You squeeze the MOST out of each and every day. We all want to be that way. We just aren't. For varying reasons. So not only are you WHO we want to be..........you take the time to show us HOW to get there. Thank you! It is NOT lost on me that your wife.........MERE......is the POWER behind the throne. A good man is only as good as his woman allows him to be. You are truly blessed and I cheer your continued success.
Matt nice renovation! I have a ton to catch up on! I'm back to work and with some help from my aunt I now have my first camcorder. Thanks for your videos! You made my recovery time fly by!
When my sister and I were still living at home she got a Chocolate Lab, and that guy was a flea magnet. My sister would let him up on the bed with them on him. Strange thing is the fleas never bothered her, or our mom, but me, they would make the trek down the full lenght of the hallway and lay in wait for me outside my bedroom. From the knees down I had angry red, itchy, bites everywhere. I finally started to get even. I got a pair of knee high athletic socks, rolled some tape inside out around my fingers, and I'd walk down the hallway and back. The socks would have gathered a couple dozen passengers. I'd grab them all up on the tape and pop the little suckers one by one. Very satisfying when they were making my life so miserable. Then I'd do it all over again until I got most of them. I'd wait a few days and have to do it all over again. Why didn't I use a flea fogger? Eventually I did but I had to convince my mom it would be worth the hassle. They weren't bothering her.
And a Management company that is charging less than 10% per month to do the job is unreal. My area the management fees start at 25% and go up from there. Maybe he has a friend’s discount.
ive worked for a couple landlords and generally a modest size home (less than 1700 square feet generally) with higher bedroom counts are the better rental properties. as a person with experience on both sides of rentals the most valuable thing for a rental house is number of bedrooms and general condition. if its decent condition it will fetch you only a little less than a slightly larger and fancier house with the same amount of bedrooms.
There is no rule that the biggest bedroom has to be the master bedroom. In many cases, houses were built with larger bedrooms for kids because they would share the room/ spend more time in the bedroom than adults.
Dude in San Diego you can’t buy a single bedroom with no roof for less that 400k... a three bedroom two bath with a front and back yard would be nearly 600k+
Daylight robbery for the most basic human need.....a roof over your head. Shocking. Rental $1750 no wonder there are so many people struggling in USA and becoming homeless.😢
As a non American, I feel like the houses I see getting sold there are pretty darn expensive. My house is probably 4 times that size and the property is prob 8 times the size if not even more, and I bought mine for about $190.000 (Converted from our currency)
@@Thellbro PG refers to movie rating, for example G is "guidance" meaning they recommend there being someone more mature watching the kid, but it should be fine. PG is a step above that, meaning parental guidance is recommended. both of those boil down to it being kid friendly, but they cant 100% guarantee there are no themes parents have problem with. in general though, outside of official movie rating PG is used to refer to it basically being relatively kid friendly or not
@@ciarangale4738 thank you for your time to explain the difference. So PG:13 Would recommend parental guidance for kids over the age of 13? Edit: I mean under 13..?
Up here in northern Missouri, that house would maybe go for 50 to 60 thousand and rent for about 350 to 400. Amazing how much more expensive other places can be, but definitely a nice little starter home!
Matt, I completely nerd out on number breakdowns like this! This has been incredibly enlightening and I really appreciate you taking the time to break it down in for us! God bless!
sale ready: I've sold 3 houses so far and a golden tip that worked for me each time was: use the kitchen, but in a nice way: bake some fresh cookies for the visitors to taste. When they enjoy something that they could picture themselves doing, they are less likely to hassle and more likely to decide quicker on an offer... I didn't believe it at first, but thought it couldn't hurt so I tried it on some visits. And you know what, I rarely heard back from candidates that weren't treated on the warm scent of freshly baked vanilla butter cookies... (apparently it's the vanilla scent that does the trick, according to one article I found on the matter) One I had for sale through a realtor, and they had it for almost a year and no clients. I took it back, did my cookie trick, 2 weeks later it was sold for my asking price. The first one was even better: it sold for 10% MORE than my asking price... XD But that was also thanks to a smart realtor who brought in the right candidates... They even decided after their first visit.
Dude, keep these line of rental properties/business management videos coming. I like seeing your business logic explained due to your success. A little different then the typical OTR episode, but I’m digging them! Keep em coming!
Omg. Rent prices are so high in your area. That house would probably only rent out for 800 to 1000 dollars tops in my area and would maybe be worth 150k
Actually $1750 is really cheap for this area! It’s extremely hard to find a nice 3/2 home (we don’t have many apartments) for less than 2k a month here.
Matt if you do the calculations based on your actual investment rather than the inflated equity you’re at 12 and 8 percent. Also a good rule of thumb for rentals is the 1% rule. Meaning you are able to get 1% for rent based on the value of the home. Some states it’s getting harder but that’s what we shoot for in MO.
