50 Units in 5 Years while Working a Full Time Job with Josh Sterling | BP Podcast 64

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  • Опубликовано: 29 сен 2024

Комментарии • 71

  • @JayWerx
    @JayWerx 8 лет назад +103

    He called 50 credit unions and 48 told him no. That there is what will always separate the successful from the unsuccessful.

    • @lauraquinche6402
      @lauraquinche6402 5 лет назад +1

      ,, ,ee÷2 and DC cesa Fixture's
      . G h pppp pop xnxhs,hz,

    • @claporga
      @claporga 5 лет назад +3

      @@lauraquinche6402 /r/ihadastroke

    • @dustyjames5363
      @dustyjames5363 3 года назад

      Exactly, never take "no" for an answer and keep going until they say "yes"!!

  • @ibjames
    @ibjames 7 лет назад +10

    how do you do a kitchen a bathroom and floors for 10k?

    • @StimsLuap
      @StimsLuap 6 лет назад +1

      Gently used appliances, cheap laminate and carpet, paint cabinet boxes, Amazon cabinet hardware, $200 home depot vanity, $100 toilet, paint, cheap home depot countertops.

    • @StimsLuap
      @StimsLuap 6 лет назад +1

      I just did a full main floor in Menards laminate at $0.65/ sqft, with mail in rebate of $130 off of $300, which paid for 2/3 bedrooms worth of $0.75/ sqft carpet.

    • @nathanmcbride1462
      @nathanmcbride1462 4 года назад

      Putting in your own sweat equity.

  • @BeyondUfos
    @BeyondUfos 8 лет назад +1

    you guys rock love all the podcasts and webinar! ty

  • @mojogrip
    @mojogrip 4 года назад +4

    I had to come back and listen to this episode years later. thanks Josh!

  • @juliec.marschlowitz9128
    @juliec.marschlowitz9128 8 лет назад +26

    Separating emotions from business is so important. Great information, thank you

  • @cityparkproperties7001
    @cityparkproperties7001 7 лет назад +18

    Yes, those days (2014-15) were good. I am sure prices have doubled since then. Buying for $40K and getting $1000 rents is fantastic and unheard of in my areas.

  • @kylenagle4975
    @kylenagle4975 8 лет назад +15

    Couldn't ask for a more perfect video. I'm a former pilot, FAA air traffic controller, 31 years old. Looking into starting with small single family rental home to start with by the end of this year. Awesome thanks!

  • @drumstyx
    @drumstyx 8 лет назад +6

    You started buying around the time of the recession? In that case, no, not 'anyone can do this' -- this is a right place, right time situation.

    • @kennynoel2863
      @kennynoel2863 8 лет назад +8

      Your not going to get far with that mind set. There are opportunities everywhere. If your hungry enough, you can do the same.

    • @clarencearchibald8100
      @clarencearchibald8100 8 лет назад +1

      Erich Knoop I've been buying now since 2002. We were using bank financing prior to the "fall". After we regrouped and started buying with cash. The game changed but still lots of opportunity

    • @clarencearchibald8100
      @clarencearchibald8100 7 лет назад

      During the Auction. But realistic to be in a marketable area you should expect to be $15k to $20k per property.

  • @kumarprem7943
    @kumarprem7943 6 лет назад +2

    Another wonderful and inspirational podcast.
    You guys are lucky to live in a country where hardwork is encouraged and rewarded. The people who want to improve their own lives by working hard and provide a valuable service are rewarded and the investing in real estate is encouraged.
    Here in UK, we are now slapped extra 3 percent stamp duty tax if anyone wants to work hard, save money to buy a second house as second home or for rent as an investment.
    Nevertheless very inspirational podcast. Thank you BP.
    Here

  • @clarencearchibald8100
    @clarencearchibald8100 8 лет назад +12

    Wow, you wouldn't touch Detroit? Hottest market in the country..... I have investors from as far as India setting up cash flowing properties. We just completed our 100th rehab this month.

    • @clarencearchibald8100
      @clarencearchibald8100 8 лет назад

      Mang Shawn email me your contact information. www.Greatlakespmg.com

    • @clarencearchibald8100
      @clarencearchibald8100 8 лет назад

      I've tried to email you. It won't go through. Clarence@greatlakesidg.com

    • @IRON5
      @IRON5 7 лет назад +2

      Clarence Archibald Grand Rapids works for me...

    • @aram.v
      @aram.v 6 лет назад

      a bunch of $$ is being poured into Detriot.

  • @shyndashu
    @shyndashu 9 лет назад +2

    Wish could find homes that cheap in my area to start out. Even the cheapest foreclosed condos are 80k in B areas.

  • @juliec.marschlowitz9128
    @juliec.marschlowitz9128 8 лет назад +3

    Thank you for adding CC on many of these podcasts. I appreciate it. 😀

  • @generalee72
    @generalee72 8 лет назад +1

    Well, if I know nothing else about the team that rehabbed my house. I know for a fact they were NOT emotionally involved in "fixing" my house up.

  • @sellis7563
    @sellis7563 8 лет назад +1

    So what is the name of the Fannie Mae HomePath program that Josh used to purchase his property?

  • @adamwilson301
    @adamwilson301 7 лет назад +1

    Great information I look forward to implementing some of the information you guys have shared. Over half done with school then plan in working and buying houses too.

  • @KirilGerovski
    @KirilGerovski 3 года назад

    In my market I will be lucky if I get 0.5% rule...

  • @Martin12000
    @Martin12000 8 лет назад +1

    amazing video guys. I'm really motivated to start my real estate investment and this video was very informational.

  • @JessnT
    @JessnT 7 лет назад

    Awesome video I own to condos in FL but so focused on going into 16 unit or more complex definitely nervous and excited at the same time. Would love to see more videos on the multi family building. And a little more of a breakdown or a little more explanation on A land contract.

  • @JordanSC
    @JordanSC 7 лет назад

    Got it, I learned to go for the Fannie Mae loan where you have to fix up the place your self. If you are willing to fix it up your self. It is always nicer to hire a contractor. But that is up to you. What about the New York tri-state area? Which areas would you invest in if you had 50k?

  • @williamsmith3331
    @williamsmith3331 8 лет назад

    we are looking to move to a larger home to start home daycare. market analysis: sell and make realistically 7k or rent for 200-350 over pi and escrow.

  • @baseball540
    @baseball540 6 лет назад

    Does anyone know of a good rent collecting software or management company? How does that work does it affect their credit if they don't pay and what are the fees like on something like that? Thanks!

  • @frankcarr1884
    @frankcarr1884 7 лет назад

    That strategy of over rehabing the property and renting it just, just a little less than the competition did really worked out for me in the long run. I do. really keep good tenants longer doing that.

  • @nancy-ls2oj
    @nancy-ls2oj 4 года назад +1

    Great knowledge!

  • @johnturner2283
    @johnturner2283 9 лет назад +1

    Continue reading to learn more.

  • @badboy4life414
    @badboy4life414 5 лет назад +1

    Starting at 5:00

  • @seanprovidence9368
    @seanprovidence9368 8 лет назад +1

    Lots of great information.

  • @TheMonetteFamily
    @TheMonetteFamily 5 лет назад

    Hey, we started out doing the same thing! Still doing it now!

  • @valminnis5819
    @valminnis5819 2 года назад

    Wow

  • @l.s.754
    @l.s.754 5 лет назад

    This guys are doing a great job.

  • @LoveConquersAll888
    @LoveConquersAll888 7 лет назад

    Great video. What was the management software?

  • @NinaInternational09
    @NinaInternational09 7 лет назад

    Can someone please explain what a blanket loan and a homepath home is? Thank you in advance

    • @darius_oneofone
      @darius_oneofone 6 лет назад

      A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time.

  • @jpatt2809
    @jpatt2809 4 года назад

    56:00 what is the name of the software?

  • @wilsonmancho7381
    @wilsonmancho7381 9 лет назад

    Make a video detailing how others should use your product.

    • @johnturner2283
      @johnturner2283 9 лет назад

      Wilson Mancho While a lot of people have frequently asked question sections on their sites, it is a good idea to make a video.

  • @Shane_Adair
    @Shane_Adair 7 лет назад

    what is the best state to incorporate in for real estate so that I can put the properties my businesses name?

  • @mike_lives
    @mike_lives 4 года назад

    Downriver, MI here. We're in the same area my man

    • @mike_lives
      @mike_lives 4 года назад

      I just realized this is from 2015 lol he must have 100 properties now

  • @arousdecor3594
    @arousdecor3594 7 лет назад

    Best video ever!!!!!!

  • @C6VETTE247
    @C6VETTE247 8 лет назад

    Sick!!

  • @dmepropertiesllc8382
    @dmepropertiesllc8382 9 лет назад

    I thought HomePath loans required you to live in the property?

    • @wilsonmancho7381
      @wilsonmancho7381 9 лет назад

      DME Properties LLC You could also hire a production company if you are not sure how to do that.

  • @Revoswathead
    @Revoswathead 9 лет назад

    great video