The Ultimate Guide to Choosing Turnkey or Fixer-Upper Investments

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About this episode:
In this episode, Thach Nguyen delves into the perennial debate in real estate investment-whether to buy turnkey properties or fixer-uppers. He offers invaluable insights based on his extensive experience, highlighting key considerations such as time, money, and risk factors that influence this decision. Thach's meticulous breakdown of the pros and cons of both investment strategies provides aspiring and seasoned investors with the knowledge they need to make informed decisions.
Thach explains that turnkey properties, although convenient and less risky, come at a premium price and do not offer opportunities for creating sweat equity. On the other hand, fixer-uppers, while demanding more time and effort, allow investors to add significant value, ultimately resulting in higher returns and greater net worth over time. He passionately advocates for the BRRRR strategy, emphasizing the potential for exponential growth through repeated investments using the same initial capital.
SPRINGBOARD TO WEALTH FUNDING: www.sbtwfundin...
Start your real estate investing journey with mentorship from me and my team: learn.springbo...
For business inquiries, partnerships, sponsorships, and collaborations: bizthach@gmail.com
Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.
Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.
Follow on Instagram: / thachnguyen

Опубликовано:

2 окт 2024

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Комментарии : 43

@RamonLukeman 23 дня назад

Hit 400k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.

@DavidReynolds-pl8tc 23 дня назад

I'm interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

@parisgautam3779 23 дня назад

For newbies and busy investors who have little or no time to monitor trade employing a professional financial analyst or advisor can certainly add value. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.

@macryan4852 23 дня назад

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

@MikeHarry-sl2hb 23 дня назад

Truly It's all about accumulating wealth through compound interest investments.

@chriscaruana2769 23 дня назад

You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

@bidof1888 Месяц назад

Thatch I think you made this video for me! I work 40+ hours a week and I’m analyzing a 1m property that is almost turnkey. Needs a little renovations but I’ve been weighing options with renovating a whole 4 unit property. Thank you!

@Ultrapassive Месяц назад

I'd say go with the one that needs less work

@spaceshipmoon69 Месяц назад

Not only wrong but dead wrong! On a $1m home purchase in Seatle your Property Taxes and insurance are like 13K per year NOT $400 per month but more like (($1100 per month)). Make a home purchase and you get reamed by the NEW assessed value and 1% annual tax rate.

@johna9904 Месяц назад

better to hoard some cash now and wait for the next crash.. how I love me some 2011 deals.. 1 million is an extremely large amount of money with huge property tax implications and insurance costs. We have just become numb to it because of how out of control real estate prices are.

@RamonLukeman 23 дня назад

Hit 400k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.

@alejandrocastillo54 Месяц назад

This is a wonderful video. So insightful. We’re on our 2nd fixer upper now and I’m glad to see that we’ve made the 30% sweat equity happen, though we bought cash. I’m very very interested in the finance approach for it, as the fact that you used double financing (i.e. commercial first and then mortgage) just opened 😮my eyes to the fact that we could be cycling the money much faster. Will definitely re-watch all of the videos to understand how that financing part would work

@alejandrocastillo54 Месяц назад

Background: we are focusing on foreclosures as we’ve seen that there’s a higher margin to negotiate asset price, but we haven’t used either hard money lending or later mortgages, which now seems like we might be leaving the chance to maybe buy two or three instead of one at the time

@Ultrapassive Месяц назад

@alejandrocastillo54 it basically works like this. You first get a hard money loan. They usually cover like 70-80 of purchase price and 100% of the renovations. Some use a percentage if the ARV instead. Then you use some amount of your own money to fix it up and the hard money lender will reimburse you the rehab costs. Then once you get a tenant in you can switch to a 30 year fixed commercial loan or whatever and you're done. I wasn't able to pull any money out of mine but I also didn't put any money down to close on the 30 year loan.

@dianedomina1069 26 дней назад

I've dabbled in flipping houses starting with 2 bed/1 bath less than 1000 sq ft so my material costs are low. Ive just sold a 3 bd/2 ba $700k house with $500k profit!!

@BobHarvey. Месяц назад

I’m 69 living on $990 per month plus part time income from food delivery so I don’t have money. My time is consumed with working the deliveries every day. In my station in life should I try becoming a real estate investor/landlord or should I just invest in REITs?

@livegoodfilmgood9377 Месяц назад

Hate to break it to you but you need to at least 3x your income before you even think about investing in RE. At 69 and no capital, your options are very limited. Depending on where you live you may be able to go FHA with 3.5% down and house hack. 1-2 good rentals could potentially replace your earned income. Best of luck

@Ultrapassive Месяц назад

I'd sayndo REITs until you have enough to switch to hard asset rentals

@LectusCharlesMcLoy Месяц назад

Just buy anything, wow

@Ultrapassive Месяц назад

Basically.. as long as it's in a good area

@GabrielDimude Месяц назад

Thanks uncle

@dhowto3005 Месяц назад

Thanks!

@MultifamilyPro1911 Месяц назад

Great content.

@rehab-geek1222 Месяц назад

bang bang

@almantini888 Месяц назад

Great Ty how do I learn how to figure out the rehab costs?

@Ultrapassive Месяц назад

Your contractor could tell you after they walk the property

@olivercollins4836 Месяц назад

Turnkey all day. Not even a debate. Turnkey turnkey turnkey. Unless you own your own construction company.

@johna9904 Месяц назад

I agree. you will get better tenants as well.

@Ultrapassive Месяц назад

I've done both. You can get the same quality of tenants either way. Turn key takes more upfront money and your down payment is the only equity in the property. Fixing up can use less but takes more time and work but allows you to use less money and your equity can partially come from the rehab

@DirkChristian-w2e Месяц назад

Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to invest this year.

@MaryLawson874 Месяц назад

I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.

@EdmundEthan093 Месяц назад

@@MaryLawson874 Having the correct plan in place is crucial; my portfolio is well-suited to each season of the market and recently experienced a 100% increase from early last year. My CFP and I are working on a 7-figure target, albeit this could take until Q4 2024.

@roxdietren Месяц назад

@@EdmundEthan093 could you share more info please on the advisor that guides you could you share more info please on the advisor that guides you

@EdmundEthan093 Месяц назад

@@roxdietren just research the name Claire Robert’s Durand . You’d find necessary details to work with a correspondence to set up an appointment.

@roxdietren Месяц назад

@@EdmundEthan093 thanks you for sharing.. I must say, Claire Robert’s Durand appears to be well knowledgeable, just came across her consulting page and went through her resume, very impressive!