I like what you Said about Making more active income! To invest. Most Teachers just preach Buy & Hold and don't Mention you need to Flip houses or wholesale properties 1st.
I agree we have to be more create on how to make more active income. The more money we can bring to the front door, the more we can buy and faster we can pay of them off
Please add more vides like this one. (Your properties, what you put into them, profits, loans, etc.). This is very inspiring! I really appreciate the upload.
I like seeing the single family homes, how you bought them, what you did to improve them, price you paid, how much you rent them for. For many of us watching, we are not at the apartment building or multi-unit building. I think most of us are starting at the single family home stage. Any insight on cities to seek investment properties in CA? Thanks Thach! Your videos are great!@@ThachNguyen
Dang, nice find and developed out👍 As for me I probably go a little conservative by keeping the back unit and renting them both out - Around $5.5k rent for the 2 units is nice source of addition income for the amount of money invested. Thnx for giving the numbers.
Forgetting about property taxes, repairs, insurance.... Cmon Thach! Give the complete picture to the rookies :D I like this strategy but: need to own it free and clear, and subtract other expenses also.
I love Real Estate Investing but it definitely has his head aches and stress. I’m up 4 rentals that are SFRs 3 of those are rented to families And the 4th one is a boarding house renting out the rooms. I’m supposedly buying another one this weekend. Good luck everyone!!!!!!
It’s not but it will help you get the down payment and it help you qualify to get a loan to buy Rentals. Some milk it as much as you can, and then figure out another way to make more money thing buy more rentals
@@ThachNguyen first step is always the most nerve racking doubt and fear start creeping in.. definatly going to do the BRRRR stretergery u spoke about in ur earlier vid
I have a question. I have two pieces of land which I bought for 11,000 and now the are worth 23,000. I’m using a usda construction loan to build a house in one lot and I was planning to keep the second lot to eventually build a rental property as it’s cheaper to build a new construction than buy a house already built. The total cost of the house I’m building will be 220,000 (including lot) when the market value of that house will be 250,000. Because of the high interest rates I was thinking to sell the second lot and use the money as a down payment for my already started new construction. I’m already putting 30,000 for my first house and with the earning for selling the second lot I would be putting down 52,000. Do you guys think this is a good idea or should I wait to build a second house in my second lot? Would it be hard to get a construction loan for my rental?
That’s great vdo thank you so much to share I have 3 properties with income 5000$ and cash flow only 1500$ per only per month and now I quit my job coz the owner of business retired how can borrow money from bank to have next property?
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.
Real Estate Invester myself...let me start by saying, its not as EZ as its made out to be. Funding is just the start, and Renters not Paying is just #2.
I like how he simplifies that you dont need 100 doors to be set. You just need 5 properties that bring in 2,500-3k a month to be financially free but what he leaves out is in order to get the full 2,500-3k a month the properties have to be paid off and that takes 30 years! Doesnt thach preach getting out the rat race? I feel like 5 properties not paid off will keep you in the rat race for 30 years. With a mortgage and expenses you'll prob cashflow around 800-1k each house. Again, I like what thach teaches and his positive mentality but theres a reason why he has over 100 doors. He has over 100 doors because during his earlier years he was accumulating a lot of real estate to live comfortable sooner rather than later. If you have a mortgage, you probably need 15 houses to be able to live off the cashflow.
Yes, Sir. I have 2 small 900sqft. 3b 1b house picked up on 15 year notes, paid off in 7. And a duplex 2b 2b on a 30 note acquired 11 years ago with the hope of paying off in 15. Smaller city so no crazy rents or wacky sale prices.
@Thach I would like to connect with you for some advice/guidance on my investment property. I have the property outright; but don't know how to utilize the equity to invest further. Could you please lete know how to contact you, to discuss my situation for guidance? Thank you.
The problem with the adu is the 2225$ rent from the house up front is not worth that anymore, they lost a yard and has new neighbors thats very close to them.
I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Glad Seattle worked out w/ the 500k value increase for you. It's not like this everywhere.. I bought house in Dayton OH a couple years before the 08 bubble so it was already overpriced. Rented it until this year when it sold- for barely above the original purchase price. Over the years I had to do massive maintence and now I'll owe capital gains on the sale. Overall I may walk away with 20k for a 15 year headache.
saw your video topic ''Rental property'' that is very great. my boss looking for who is an expert, a top 10 influencer in the world concern with knowledge in your clip To make an interview zoom, to share your expertise. Make it clear, This event has no expenses. you can use it to share in your network. And you can get income too. please reply to me if this good fit for you. And what is an option that I can direct message contact you?
I like what you Said about Making more active income! To invest. Most Teachers just preach Buy & Hold and don't Mention you need to Flip houses or wholesale properties 1st.
Yes bc if you don’t have the money to buy you need to do something to make money to buy
I agree we have to be more create on how to make more active income. The more money we can bring to the front door, the more we can buy and faster we can pay of them off
I just started investing, I bought a duplex and im learning a lot from you. Thanks for helping. I subscribed.
You’ve inspired me to rent out my first place. Thank you!
This video is really relatable! It's amazing how you explain the steps to make a lot of money from a single property over time.
Great Video!! The best I have seen in this Real Estate Industry. Make sure you guys support!!
Great to see you bro
Please add more vides like this one. (Your properties, what you put into them, profits, loans, etc.). This is very inspiring! I really appreciate the upload.
Do you want to see more videos like this is how are you saying?
I like seeing the single family homes, how you bought them, what you did to improve them, price you paid, how much you rent them for. For many of us watching, we are not at the apartment building or multi-unit building. I think most of us are starting at the single family home stage. Any insight on cities to seek investment properties in CA? Thanks Thach! Your videos are great!@@ThachNguyen
You are a genius, I wish I had a chance to speak to you....amazing presentation, brilliant..Sunny...from Canada 🇨🇦
Never crossed my mind to add an ADU, that is genius!
Dang, nice find and developed out👍 As for me I probably go a little conservative by keeping the back unit and renting them both out - Around $5.5k rent for the 2 units is nice source of addition income for the amount of money invested. Thnx for giving the numbers.
Appreciate you 💯💪🏾
Forgetting about property taxes, repairs, insurance.... Cmon Thach! Give the complete picture to the rookies :D I like this strategy but: need to own it free and clear, and subtract other expenses also.
I have been saying this for years. You are SMART dude.
Just sharing what I know and experienced after 30 years
Appreciate all the knowledge 🙏
🙏👊🏼
Should ADU only be made if the property land can be split?
I love Real Estate Investing but it definitely has his head aches and stress.
I’m up 4 rentals that are SFRs
3 of those are rented to families
And the 4th one is a boarding house renting out the rooms.
I’m supposedly buying another one this weekend.
Good luck everyone!!!!!!
How is the boarding house? I’ve heard that they have a lot of problems due to tenants
@@Mustafakhan-qg6nv they make good money, just A LOT of drama. I just recently kicked out my house manager.
When we kick out house manager do we still need to give them 60 days notice? What state are you from?
Do you have trainings coming up? In Seattle
Bro I really love ur vids such an inspiration.. 9-5 is not gonna give me.the wealth I want
It’s not but it will help you get the down payment and it help you qualify to get a loan to buy Rentals. Some milk it as much as you can, and then figure out another way to make more money thing buy more rentals
@@ThachNguyen first step is always the most nerve racking doubt and fear start creeping in.. definatly going to do the BRRRR stretergery u spoke about in ur earlier vid
Love this guy.
interest rate in the 3% for the refinance? when was this video made?
If it's an "ADU" then that means you didn't split the lot which means you have one mortgage on both units and it is still one parcel.
I have a question. I have two pieces of land which I bought for 11,000 and now the are worth 23,000. I’m using a usda construction loan to build a house in one lot and I was planning to keep the second lot to eventually build a rental property as it’s cheaper to build a new construction than buy a house already built. The total cost of the house I’m building will be 220,000 (including lot) when the market value of that house will be 250,000. Because of the high interest rates I was thinking to sell the second lot and use the money as a down payment for my already started new construction. I’m already putting 30,000 for my first house and with the earning for selling the second lot I would be putting down 52,000. Do you guys think this is a good idea or should I wait to build a second house in my second lot? Would it be hard to get a construction loan for my rental?
That’s great vdo thank you so much to share I have 3 properties with income 5000$ and cash flow only 1500$ per only per month and now I quit my job coz the owner of business retired how can borrow money from bank to have next property?
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.
Appreciate this brother from the Bahamas 🇧🇸
Can you include the sq ft please?
Real Estate Invester myself...let me start by saying, its not as EZ as its made out to be. Funding is just the start, and Renters not Paying is just #2.
Amen! And renters damaging the property is #3
You got me hyped son. Thanks.
Where can I buy mindset Merch?
In your portfolio of houses do you have one that is a passive house?
Thank you for your wisdom sir
Nice. Comes with couch in front yard?
😂😂
How much of your rents do you put aside for: vacancy, maintenance and Capitol Expenditures?
Invest now and then wait.
Invest now and then wait.
Invest now and then wait...
Trying...
I like how he simplifies that you dont need 100 doors to be set. You just need 5 properties that bring in 2,500-3k a month to be financially free but what he leaves out is in order to get the full 2,500-3k a month the properties have to be paid off and that takes 30 years! Doesnt thach preach getting out the rat race? I feel like 5 properties not paid off will keep you in the rat race for 30 years.
With a mortgage and expenses you'll prob cashflow around 800-1k each house. Again, I like what thach teaches and his positive mentality but theres a reason why he has over 100 doors. He has over 100 doors because during his earlier years he was accumulating a lot of real estate to live comfortable sooner rather than later. If you have a mortgage, you probably need 15 houses to be able to live off the cashflow.
Yes, Sir. I have 2 small 900sqft. 3b 1b house picked up on 15 year notes, paid off in 7. And a duplex 2b 2b on a 30 note acquired 11 years ago with the hope of paying off in 15.
Smaller city so no crazy rents or wacky sale prices.
@@americansupertrampin 15 years small town might become big town😊
How can you get such a property now?
The DADU looks nice!
What do I need too start this kinda bissness
Retirement is key.
Absolutely awesome information!
Your a gentleman, ty🙏👍
Glad you enjoy it. Share it for me ok 🙏
🤔 What happens if the tenants does not pay back or like in pandemic would not be in a position to do so as well? How’s your experience on that?
@Thach I would like to connect with you for some advice/guidance on my investment property. I have the property outright; but don't know how to utilize the equity to invest further. Could you please lete know how to contact you, to discuss my situation for guidance? Thank you.
What advice would you give to someone with a 755 credit score car paid off n credit cards paid off but still got student loans
Do you have any courses / apprenticeships ?
Thach the ADU Guru
GOAT
I am looking for purchase a duplex apartment building
The problem with the adu is the 2225$ rent from the house up front is not worth that anymore, they lost a yard and has new neighbors thats very close to them.
With these out of control rent prices, I wouldn’t be speaking so openly about rental properties.
Wht is your sbtw course for it going for $49
If you were young like and never could involve in interest based money what would you do different and actually how would you grow.
What would you suggest to people getting started today and need to save half a million $500,000 to buy a property?
$650k for that one house in the back hmm 🤔 not sure people want share a lot with someone else since they got share there land
👍
Not everyone can be a landlord who owns more than 1 rental, there are other ways to invest .-.
Music is too loud and unnecessary
$600,000 for a two bdr in a crappy neighborhood 😂😂😂
How can that small house be worth 600k the American housing market makes no sense to me
Seattle
I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
20 years - dont forget that
Glad Seattle worked out w/ the 500k value increase for you. It's not like this everywhere.. I bought house in Dayton OH a couple years before the 08 bubble so it was already overpriced. Rented it until this year when it sold- for barely above the original purchase price. Over the years I had to do massive maintence and now I'll owe capital gains on the sale. Overall I may walk away with 20k for a 15 year headache.
Do you mind if I inquire why you walked away?
By now wouldn't it be mostly paid off?
inflation buddy. 1.5million will be the price of a cheese burger in 10 years
saw your video topic ''Rental property''
that is very great.
my boss looking for who is an expert, a top 10 influencer
in the world
concern with knowledge in your clip
To make an interview zoom, to share your expertise.
Make it clear, This event has no expenses.
you can use it to share in your network.
And you can get income too.
please reply to me if this good fit for you.
And what is an option that I can direct message contact you?