How to Invest in Real Estate with $10K in 2023

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  • Опубликовано: 8 июн 2024
  • Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around!
    David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same!
    David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around!
    00:00 Intro
    01:07 Quick Tip
    01:54 Invest with $10K
    03:49 Saving Your First $10K
    09:52 1. Cheap Markets
    13:13 2. Partnerships
    15:48 3. Rental Arbitrage
    18:36 4/5. House Hacking and REITs
    19:35 6. Glamping
    21:54 7. Off-Market Deal Finding
    23:30 8/9. Education and Mentorships
    26:20 Which is Worth The Risk?
    32:06 BATTLE of the Strategie
    49:38 Connect With the Hosts!
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    Get the Book on "Investing in Real Estate with No (and Low) Money Down":
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    What Should a New Real Estate Investor Do With $10,000?
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    Episode #730
    Show notes at: www.biggerpockets.com/blog/re...

Комментарии • 382

  • @ashleighncube8637
    @ashleighncube8637 10 месяцев назад +6

    This is the best and most honest podcast I have found. Thank you so much.. I learnt a lot

  • @ryanmatze
    @ryanmatze Год назад +302

    Open an LLC -> Get a line of credit -> Buy real estate. Use other people's money (OPM) to speed up the process

    • @folkbigtig008
      @folkbigtig008 Год назад +20

      Love this. Share some of the concerns and risks though

    • @bronson448
      @bronson448 Год назад +68

      Building credit under your LLC’s EIN #, when it’s completely detached from you personally doesn’t happen overnight…

    • @ryanmatze
      @ryanmatze Год назад +17

      @@bronson448 that's a fair point, but your line of credit could get you off the ground with a few of the strategies in this video pretty quickly.

    • @ryanmatze
      @ryanmatze Год назад +3

      @@folkbigtig008 with many things, it depends. For this it depends on which strategy you choose. Did you have something in mind?

    • @David-tv3mg
      @David-tv3mg Год назад +4

      What do you mean use other people’s money. What are a few examples of how that is done?

  • @vitalitymessage4407
    @vitalitymessage4407 Год назад +483

    l went from $0 in July 2020 to my first 100k in about two years - summer 2022. Im a debt free truck driver so I was abIe to chunk most of my net income onto my 401k, roth ira & my taxabIe acct. As of today I'm aIready up to 132k. MathematicaIIy I should be between 150 & 160 now of not for the brutal 2022. I already see it speeding up

    • @shuanhartill
      @shuanhartill Год назад +3

      DAMN!!! This is inspiring

    • @shuanhartill
      @shuanhartill Год назад +1

      Great job!!!

    • @jimmyfisher2256
      @jimmyfisher2256 Год назад +1

      How did you do that, I make 115,000K and I feel like that is more that 70% of all long haul truckers and to save up a 100K in 2 years? I have rent which is high but I live frugal and I don't see saving 50K in 12 months that's 4,200K a month, any tips?

    • @sarahcardonaa9112
      @sarahcardonaa9112 Год назад +1

      perhaps it comes down to the investments he made during that point in time? just a guess

    • @LindaGiovanna-qe3vg
      @LindaGiovanna-qe3vg Год назад

      hi quick question i’m from europe so we have different systems; what exactly are those things you’ve mentioned?

  • @matheuspinto118
    @matheuspinto118 Год назад +755

    The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

    • @Tomtownsend485
      @Tomtownsend485 Год назад

      If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

    • @elliot985
      @elliot985 Год назад

      Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

    • @robertosaviano215
      @robertosaviano215 Год назад

      @@elliot985 Please can you leave the info of your investment advisor here? I’m in dire need for one.

    • @elliot985
      @elliot985 Год назад

      You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Laura Marie Ray is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

    • @Zanrowe795
      @Zanrowe795 Год назад

      @@elliot985
      Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals

  • @JG-zt3cg
    @JG-zt3cg 2 месяца назад +5

    These older episodes of BP are gold. No fluff, no theatrics, just good old knowledge and common sense.

  • @unknown4554
    @unknown4554 8 месяцев назад +18

    I bought a house with a Va loan. I covered my closing costs. I bought my interest rate. It’s a 3 bedroom 3 bathroom home newly remodeled. I got 3 roommates that pay me rent. I converted my living room into a private bedroom. I talked with my lender and in a couple months I’m going to rent out this home, and buy another home. Rinse and repeat.

    • @noemedina4791
      @noemedina4791 2 месяца назад

      How do you get the money to purchase the second property ?

    • @unknown4554
      @unknown4554 2 месяца назад

      Well I still have remaining entitlement with a Va loan I don’t need a down payment. I just need to cover closing costs but you’d be surprised the amount of people who are looking to rent out a room. My mortgage is pretty much covered by roommates so a lot of my income I have left over

    • @noemedina4791
      @noemedina4791 2 месяца назад

      @@unknown4554 for someone who does not have a va loan,what advice do you have to on getting the money for the second property?and nice I wish you luck

    • @shani9726
      @shani9726 2 месяца назад

      @@noemedina4791 he said that he has roommates that cover the cost of the mortgage payment. That means if the roommates are covering pretty much all of his bills, he can save all of the money he gets from his job! I did this for a few years and I was able to buy my first rental property with almost 50% down

    • @jpolweny
      @jpolweny Месяц назад

      @unknown4554 love your strategy! Were you able to get that second property? What is your strategy to deal with interest rates that have doubled since your last?

  • @David-bb4yv
    @David-bb4yv Год назад +30

    They called me a bottom feeder. I bought condos in 1995-2005 for $9,000-$25,000. I still have some of them, they are worth $150,000. All of the units are in good neighborhoods. I bought condos in Ohio for $12,000-$30,000. They are now worth $45,000-$51,000.

    • @boomnailedit1609
      @boomnailedit1609 Год назад +1

      How did you find the condos? What made you pick that area that you invested in?

    • @pattersonellen
      @pattersonellen Год назад +1

      Wby is Ohio so cheap?

    • @lorenazaragoza6411
      @lorenazaragoza6411 Год назад +5

      That’s ok…bottom feeders ALWAYS eat!

    • @jpolweny
      @jpolweny Месяц назад

      @David-bb4yv What's your exit, or do you hold for the appreciation LT?

  • @johndeereMe
    @johndeereMe Год назад +38

    Future episode request: I like the idea of hearing more stories of side hustles that earned extra start up cash.

  • @lizaalbacite4077
    @lizaalbacite4077 9 месяцев назад +3

    I work 2 jobs, 71 hour a week, and on my day off, I do photography. But I am ambitious and I know working hard as an employee won't get me further in life. I like my jobs but I wanna be able to slow down and enjoy life sometimes. This will help a lot.
    It's now 3:33am while typing this. That's how much time I've spent trying to look for the right videos that will guide me to my plan of doing Airbnb.. Thank you so much for this. ❤

  • @smithjl3628
    @smithjl3628 Год назад +20

    Painting is also really easy to get into and pays well. If you have the right tools your price/hour is pretty good. Often $50-100 an hour if you’re fast and do good work. It’s a great side hustle

  • @danielconner5476
    @danielconner5476 Год назад +72

    On my way to real estate with couch flipping. Doing it with a friend but 1st month we hit 4K in net profits. 2nd month, we are on track for over 8K in net profit. We both work full time jobs but this side hustle is changing our lives.

    • @anthonyvogt3259
      @anthonyvogt3259 Год назад

      Couch flipping?

    • @Jerry-zq4bf
      @Jerry-zq4bf Год назад +2

      I know it’s possible just through Facebook, offer up, Craigslist. Would there be any other sites that are good for finding couches?

    • @romi929
      @romi929 Год назад +5

      4-8k!! / month That’s like a full time income rather then a side hassle 😳
      What is this coach flipping thing ? I never heard of it

    • @danielconner5476
      @danielconner5476 Год назад

      @@anthonyvogt3259 yes. Couch flipping. Look it up

    • @danielconner5476
      @danielconner5476 Год назад

      @@romi929 I know lol! It’s not consistent though unless you put all your time and effort into it. Couch flipping works though. Just type it into RUclips

  • @peterzeller5736
    @peterzeller5736 Год назад +3

    The quality of David's Audio in what looks like an empty hallway is phenomenal

  • @doordiariesre
    @doordiariesre Год назад +21

    I appreciate how informative and well-researched this video was. It's clear that you put a lot of time and effort into your content.

  • @Andrew-Paulo
    @Andrew-Paulo Год назад +8

    A lot of great points here. My wife and I own 8 units in Chicago and I agree with most of this

  • @cameronnorris880
    @cameronnorris880 Год назад +1

    appreciate you guys !!!!!!!!!

  • @TJ-th9hw
    @TJ-th9hw Год назад +10

    This was a very practical episode with great information. Thanks Gents!

  • @lhartzee-lb5wq
    @lhartzee-lb5wq Год назад +1

    Y’all are amazing! Thank you for sharing so much of your success and favorite ways to create and grow wealth in RE

  • @ThedudeMMXlll
    @ThedudeMMXlll Год назад

    Great show 👏 thankz

  • @user-mf2vr3zj2s
    @user-mf2vr3zj2s 11 месяцев назад +6

    I’m doing what David did by maximizing what l already do and working overtime and getting paid time and a half. I’m on track to have $10k saved in five months. It’s nice to hear you guys say this because l see I’m on the right track.

  • @vaughanmoody
    @vaughanmoody Год назад +1

    Great video! Thanks!

  • @vitech1013
    @vitech1013 Год назад

    great information, thank you guys!

  • @AfricaCook-MLO
    @AfricaCook-MLO 11 месяцев назад +1

    Lots of valuable information and strategies here! Thanks guys!

  • @lorigribben427
    @lorigribben427 Год назад

    Thank you for the information and show, I love your voice, and looking forward to getting started.

  • @ryanyee7792
    @ryanyee7792 Год назад +9

    Love how the hosts respectfully brought up the cons of each strategy.

    • @shani9726
      @shani9726 2 месяца назад

      Well, honestly, I don’t. Out of 100 people maybe only 10 have enough get up and go mentality to get things done. Most of us can think of 1 million reasons why not to do things. Sometimes it’s better to move when you have the excitement and momentum, and when you encounter challenges, you train yourself on how to overcome them instead of trying to figure everything out beforehand. Part of the reason why most people never succeeded because they never started because they’re too busy trying to figure out everything that could go wrong wrong.

  • @folaranmi05
    @folaranmi05 Год назад

    Thanks fellers! This was great

  • @agentsliftingagents
    @agentsliftingagents Год назад +49

    This is one of my favorite episodes so far. Very helpful to share all different ways to get started but also sharing the honest negatives to be aware of. We learned all these the hard way and I appreciate you sharing these ideas with the next generation 👍

  • @therilwan8448
    @therilwan8448 Год назад +5

    Great show! That's how I kinda' of started also with about $10k buying from property tax sales.

  • @ELTIBURONTUBE
    @ELTIBURONTUBE Год назад +1

    Great information
    I have a question will rentals affect you in some way to obtain a primary?

  • @autismo1969
    @autismo1969 11 месяцев назад +3

    I liked Rob's strategy the best. Thanks a lot for this amazing idea brother🥰🥰

  • @GC42277
    @GC42277 Год назад +7

    Great session fellas. I love the 3 part strategy mission, Good to keep an open informed mind in this business ! Thank you

  • @lorenazaragoza6411
    @lorenazaragoza6411 Год назад +22

    I own my home but have a mortgage , living on my single income and this is what I’m doing to save money to invest-I put my master bedroom and bath up on furnished finder and getting $1,000 per month and getting quality tenants. I invested in a smart lock for the front door, I paid a contractor $1,200 to install a door leading into my dining room which is now my room! That’s one way. I am also expanding and converting my garage into a 700 sq ft adu and will most likely list it on furnished finder for about $2200. My car doesn’t need the garage to be it’s bedroom when I can utilize the sq footage and turn it into livable space. What ideas have you come up with using your resources? Thanks for sharing!

    • @th7642
      @th7642 Год назад +1

      What area do you live in? I’m just interested in knowing what areas are good to rent to travel nurses

    • @MrMonsterrally
      @MrMonsterrally Год назад +2

      How is the parking situation with all your tenants?

    • @bmodllc
      @bmodllc Год назад +3

      Thank you for sharing your situation.
      I'm being telling my family and close friends about this. How powerful hack housing is.
      I'm doing the same as you I'm almost have my house full paid in 6 years while I'm investing.
      Being poor is not an option is a choice.

    • @lorenazaragoza6411
      @lorenazaragoza6411 Год назад +7

      Parking is not an issue, my drive way accommodates 4 cars ( for me and my 2 daughters) and plenty of street parking for the tenants. Not many rentals in my neighborhood so plenty of parking. I am in the Central Valley in California . Good luck everyone on your real estate journey. I’m taking my real estate license test next month!

    • @romi929
      @romi929 Год назад

      @@lorenazaragoza6411 outstanding!!!😍👍

  • @lilybrussee1361
    @lilybrussee1361 Год назад +2

    Love this show. Thanks guys.

  • @roberttanko8250
    @roberttanko8250 11 месяцев назад

    Thanks for the information and hopefully your viewers will consider multi family rental property. They create amazing cash flow and equity

  • @neruthpacheco6474
    @neruthpacheco6474 Год назад

    6:55 - Thats a really good idea!

  • @GCInvesting
    @GCInvesting Год назад +4

    Love the quick tip time!

  • @kickbackcuz5165
    @kickbackcuz5165 9 месяцев назад

    Love this conversation!

  • @MKpixelfan
    @MKpixelfan 11 месяцев назад

    For REITs do you guys have your preferred or favs?

  • @MISSVONNIE
    @MISSVONNIE 8 месяцев назад

    This was very informative.

  • @Listella.
    @Listella. Год назад

    Well done, great video!

  • @hagi2013
    @hagi2013 Год назад +3

    You guys are rock stars!! Very educational and that’s why I watch & giving likes to you guys 😊. Thank you.

  • @freddyvillamarin6477
    @freddyvillamarin6477 Год назад +5

    Very insightful content. I was learning from beginning to end. Kudos to the three of you gentlemen

  • @Anonyme67
    @Anonyme67 8 месяцев назад +1

    Gosh I love RUclips. No one can complain that they don’t have access to information or racism. The internet and RUclips are here for everyone.

    • @hatchett999ify
      @hatchett999ify 3 месяца назад

      Oh Lordy. One of them. 😂😂😂😂

  • @chetleonard169
    @chetleonard169 Год назад +10

    IF you partner up, plan out how you might be dissolving the partnership first thing. It will take loads of pressure off and make things easier throughout. Spoken from experience.

    • @AfricaCook-MLO
      @AfricaCook-MLO 11 месяцев назад +1

      Can confirm... unfortunately! 😅 Choose ahead to keep what you can (including assets & rights) instead of "dissolving" everything into thin air, business-wise.

  • @user-pt2fn4pi3g
    @user-pt2fn4pi3g 11 месяцев назад +4

    great video I am currently studying real estate while I am saving and investing in stocks I am just 20 and want to retire by 40 if possible.

  • @roldyczarmoaes6226
    @roldyczarmoaes6226 Год назад +1

    Oh … good thing to know sure have 10k like to learn more about where to start

  • @martinduran388
    @martinduran388 Год назад

    I love it

  • @Espifamily
    @Espifamily Год назад +38

    I’ve went from only flipping shoes to selling items vintage to new A to Z.
    On my first property now with an attached ADU bringing in extra income.
    Can’t wait to repeat the process, thanks for the free game!

    • @dawhike
      @dawhike Год назад +2

      Huh?

    • @Recklessness97
      @Recklessness97 Год назад +13

      @@dawhike To get his first $10,000 he started by reselling shoes, such as Jordans, Yeezys, and rare/popular Nikes. He eventually moved on to reselling various vintage and new items (probably designer clothes/hypebeast items) hence the A to Z, meaning of "from A to Z" is to include everything or the entire range of something meaning he sold whatever he could get his hands on. Now he used the money from reselling shoes and vintage items to get his first property that has an attached ADU (accessory dwelling unit) that he rents out for additional income in addition to the property itself. Hope this makes it easier for you to understand.

    • @gogurletc8170
      @gogurletc8170 Год назад +7

      ​@@Recklessness97 Bless you for breaking it down !!!

    • @amazonjunglez1188
      @amazonjunglez1188 11 месяцев назад +1

      ​@@Recklessness97But where do even begin with real estate? I've been trying to research it and attended 1 "masterclass" that charged us quiet a but didn't really learn anything substantial there other than generic general info. The class was about Wholesaling, which I still don't understand how it goes. And then sold us a $20 000 mentorship,which most of us couldn't afford and wasn't even clear about it anyway. Do you have any insight or info about real estate business for newbies like Wholesaling/pre foreclosure? I researched about tax lien and tax deed sale but it's not really worthwhile. Thanks in advance

    • @Recklessness97
      @Recklessness97 11 месяцев назад +3

      ​@@amazonjunglez1188 Stay away from people who are selling classes and mentorships. They make some money from real estate but they make a decent chunk of their money pandering their "courses" and "mentorships" just like those scummy financial gurus. Unfortunately like for any other types of investments it takes money to make money, especially in real estate with these elevated property values and high interest rates, hence the saying, "The rich get richer". I have no experience with wholesaling/pre foreclosures, tax lien, and deed sales but I know there's companies/groups out there with more money and resources than me who eat that stuff up. There's money to be made in those deals but I personally can't compete. I still have yet to get into real estate, I'm just saving money up to buy a multi-family property to own and live in one of the units, rent out the rest. Hard to though because everyone and their mom want into real estate. My best advice is to just get a well paying 9-5, save a decent chunk of money and go from there. The more money you have the better deals you can look at. Look online for a local real estate investor group, for example my area has a facebook group for likeminded investors who join together on renovations, flips, share advise, sell properties, network, help find cash investors, etc. It's a very saturated market, everyone wants in. The more money you have the better. You can get started with little to no money but it's extremely hard. Sorry I couldn't have been more helpful, I'm still trying to hop into real estate too!

  • @ooOnymphetOoo
    @ooOnymphetOoo Год назад

    OMG! Never heard of pipe furniture up until now hearing it at this episode. How funny!

  • @TheKingKharii
    @TheKingKharii Год назад +2

    Do you recommend leveraging personal credit or business credit to expedite the time?

    • @AfricaCook-MLO
      @AfricaCook-MLO 11 месяцев назад

      You'll have even more mortgage options as a business owner, plus the financial protections that come with an LLC.
      Regarding which is quicker, that answer may be personal credit, only if you haven't yet established the business, and its (not your) credit score.
      Hopefully that helps with short- and long-term planning.

  • @annettemercado8404
    @annettemercado8404 6 месяцев назад

    Great videos

  • @JLP1227
    @JLP1227 Год назад

    With the house hacking FHA primary residence is there an amount of time you have to wait before you rent out ?

  • @christyrucker2479
    @christyrucker2479 Год назад +7

    How do you find a good mastermind though. I feel like people have done one deal and then want to start a mastermind just to make money. Everyone wants to be a guru and it’s hard for someone who is new to tell who is legit and who isn’t.

  • @dreroy599
    @dreroy599 Год назад

    So I have a 2019 mobile home 2br 2bath that I added a room to. It’s paid off, but is in a lot that dosent allow renting and it is small for my family of 4 children and 2 adults. Do you suggest I rent my home out and buy a house or rent a house or should I sell my home and use that money to buy a home and live in it until Im ready to move out and buy another house and rent out that house I move out of?

  • @markturner5858
    @markturner5858 Год назад

    i almost ignored this. glad i didn't. keep up the good work!

  • @jesusbarajas9444
    @jesusbarajas9444 Год назад

    So how do I apply my 10k?... besides REIT

  • @kirav2536
    @kirav2536 11 месяцев назад +1

    Thank you for your video. I wish you would teach people who do this kind of deals is to respect the area where they doing business in and respect the neighborhood. You guys take the trees down, because you don’t want to spend money trimming in. It is adds to more noise in the area plus less shading. Also personally I will not agree to have rnb next to my house. I would complain to the municipality.

  • @onwugharablessing8264
    @onwugharablessing8264 Год назад +14

    A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K

    • @boseayoade3072
      @boseayoade3072 Год назад

      Very big con and that is why i have always maintained that people should never have their money in the bank! Get a financial advisor and even make so much more while saving!

    • @Mathew-bp5bm
      @Mathew-bp5bm Год назад +1

      Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months

    • @donwhizz7880
      @donwhizz7880 Год назад

      we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

  • @tressacramer9192
    @tressacramer9192 Год назад +6

    You got me motivated to figure out a side hustle.

  • @lo-mar-TP
    @lo-mar-TP 5 месяцев назад

    What do you think about fix and flip?

  • @BlueCollarOptionsTrader
    @BlueCollarOptionsTrader 11 месяцев назад

    Rob did you start and llc for your furniture side hustle when you where starting out? How did you guys handle the taxes for your side hustle? Or did you just sell your tables and put the money in your personal bank account?

  • @Jsitun
    @Jsitun 2 месяца назад

    Absolutely eye-opening episode. Loved every minute. I'm definitely going down that house-hacking route ASAP. Beginner investor here. Someone comment on this in 8-12 months and ask me how it's going.

  • @dawhike
    @dawhike Год назад +3

    Cheap markets are best for fix/flips or owner financing. Arbitrage is risky if there's an insurance claim. Co will deny claims for commercial use of residential props.

  • @MrDany1632
    @MrDany1632 Год назад

    The rentals calculator on your website is not working , I am pro member pay my sub every month , I use to analysis one property every day , when are going to fix it ?

  • @dakymbiahughey2193
    @dakymbiahughey2193 Год назад +6

    Great info… There is 1 down side to education though. NOT USING IT. I’ve learned that it’s 1 thing to learn/ know something & it’s a whole different thing to actually apply it, create/execute/ implement strategy. That’s where I currently am 😮‍💨

    • @BigClaudeGaming
      @BigClaudeGaming Год назад

      Same here. I understand the process but actually putting it into motion is what’s stopping me.

    • @ourremedies8694
      @ourremedies8694 11 месяцев назад

      I agree with you 100%

  • @OmniCloud987
    @OmniCloud987 Год назад +5

    Trying to do the house hack myself but it’s so expensive here in NJ…I’m wondering should I start a real estate LLC to use some start up funding for closing/downpayment and first year maintenance?

    • @AfricaCook-MLO
      @AfricaCook-MLO 11 месяцев назад

      I certainly recommend starting your LLC ASAP if that's something you plan to do. It'll open up your lending options, applying as an investor (even on your first property) through your business, but you'll often still need to bring cash to close some pretty sweet deals.

  • @AlekseyWeyman
    @AlekseyWeyman Год назад +6

    I like the idea of an episode featuring folks that have side hustles making $10k. I made the downpayment for my condo solely from a side business I started

    • @skinnynoodles8777
      @skinnynoodles8777 10 месяцев назад

      What side hustle did you start if I may ask

    • @AlekseyWeyman
      @AlekseyWeyman 10 месяцев назад

      @@skinnynoodles8777 first it was a blog / website that made $5k/month then it was my lead generation business!

    • @jfarrar231
      @jfarrar231 8 месяцев назад

      Onlyfans

  • @bestbuyushomes
    @bestbuyushomes Год назад +15

    I like all your videos but this sorry. The Title says how to invest 10K in RE, but instead it's how to make 10k to invest in RE. It's click bait, I thought you were going to tell me how I can $10K and buy RE.

    • @user-qm3mv2ek6j
      @user-qm3mv2ek6j 11 месяцев назад +1

      Thanks for this comment cause I do not need to watch the fake video now

    • @lionheartkevin7
      @lionheartkevin7 8 месяцев назад +3

      How about you watch the entire video before commenting something that’s inaccurate. I just watched the entire video and they absolutely discussed many different ways to invest $10k in real estate. At the beginning of the video they addressed some different ways to get $10k for people who didn’t have the money

    • @DexterBoyz1984
      @DexterBoyz1984 8 месяцев назад +3

      I just bought my third house in the last year for less than $10k out of pocket.

    • @DexterBoyz1984
      @DexterBoyz1984 8 месяцев назад

      @@lionheartkevin7agreed. People are short sighted

    • @bestbuyushomes
      @bestbuyushomes 8 месяцев назад

      @@DexterBoyz1984 where?

  • @dannyg1444
    @dannyg1444 Год назад +4

    Plz do the side hustle series because I need some trustworthy no BS videos on this I can watch. Everytime I try to find side hustle videos it's always the same trendy bs that takes massive luck and time to get the money rolling and it's not even worth it with a full time career (military for example)

  • @2011mixed
    @2011mixed Год назад +9

    Exactly how much I have saved, So I'm super excited thanks!

    • @sandeshburada6850
      @sandeshburada6850 Год назад

      Same!

    • @foresightproperties
      @foresightproperties Год назад

      Hey Brandon, If you're in need of transactional funding for your real estate transactions, including EMD funding, we can help. Reach out to us to find out more about our options.

  • @erica5098
    @erica5098 9 месяцев назад

    Henry is 💯

  • @tz8565
    @tz8565 11 месяцев назад +1

    Not buying property until real estate market comes down. Inflation high too.
    I buy stocks instead.

  • @rosejones2932
    @rosejones2932 Год назад

    Thanks for the appreciation for the J-O-B . I have always been turned off for people who turn their nose up at the kind of work that most people in the world would give their eye teeth for.

  • @miamiboating
    @miamiboating Год назад +5

    Great content on your channel! I was given a link to your channel by a millionaire friend of mine, he said you had great content and wasn't kidding! Please keep it coming!

  • @josianunes4
    @josianunes4 6 месяцев назад

    What is house hocking?

  • @josephassili4123
    @josephassili4123 Год назад +1

    This is the bigger pockets show show!

  • @kiikiinpiink
    @kiikiinpiink Год назад +3

    Yes please do the side hustle to 10k video!

  • @om8652
    @om8652 Год назад +1

    Is this near impossible to do in places like California?

  • @ccalderon9
    @ccalderon9 Год назад +1

    Ok, I love the idea of arbitrage, but will it scale? Because renting out one short-term property sounds like a lot of work. If you have 3 properties on AirBnB, it sounds like all your time would be spent on driving there, cleaning, prepping for the next guest x3... How do you scale?

  • @stefanesculiviu5230
    @stefanesculiviu5230 Год назад +3

    Guys good stuff but I believe you forgot a very good strategy. From my knowledge if you're a 1st time buyer you can buy up to 4 units,(live in 1 and rent 3)with 3.5% down-payment or less. The gov have a program to give you the 3.5% if you qualify. I don't know if is available in all states. Also depends on your credit score.I bought my house in this way back in 2018.I bought a 350k house with 6k out of my pocket(included everything:fees,inspection,appraisal, 4k down to hold the house for 4 months).Now the market is a different but I'm sure you can find this kind of deal. Good luck to everyone.

    • @cristiansilva3392
      @cristiansilva3392 Год назад

      This is house hacking strategy, but as a first buyer.

    • @stefanesculiviu5230
      @stefanesculiviu5230 Год назад

      @Cristian Silva
      You can turn in a strategy if you're doing over and over for a couple of years . Let's say at 21 you buy 1st 4 plex. Repeat the process for 5 more years. You have to move every year, but at 26, you have 5 properties (20 doors). All with the minimum down-payment and if the law doesn't change. Cash out refinance is another story

  • @arizonanixon558
    @arizonanixon558 7 месяцев назад

    Would you recommend buying a very cheap trailer to rent out

  • @elionayimbert-lq6kv
    @elionayimbert-lq6kv Год назад +2

    Love your show been following you for a while now.
    A question regarding rental arbitrage…
    How do you find a rental that you can airbnb. Nowadays it’s extremely hard due to so many limitations on HOA
    Thank you for everything

    • @pedromiranda7346
      @pedromiranda7346 Год назад

      Is it like airbnb arbitrage? Or a simulation of "owning" a rental and airbnb'ing it?

  • @user-ch1zs4hm2i
    @user-ch1zs4hm2i Год назад

    Can I get into real estate with no money coming in or no job assuming I have some cash reserve of ten thousand. Wont the bank not allow me to do an investment property

  • @The-Sentinel
    @The-Sentinel Год назад

    Would you suggest doing a 4 plex multifamily on a FHA 3.5% down and rolling that over into a conventional later? Do you have to live in the multi family for a FHA?

    • @ItsGordo2
      @ItsGordo2 Год назад +3

      Supposed to live in property a year

  • @MaiyaBG
    @MaiyaBG Год назад +6

    In the middle of a MTR house hack now and totally agree with the balance between comfort and profit. You must be able to pay the mortgage on your own first, then find a tenant situation that you are comfortable with.

    • @bbqworld2103
      @bbqworld2103 11 месяцев назад

      How do you find and review good tenants? I’m saving up to invest in a house to do MTR or LTR. Thanks

  • @idkmybffjill9682
    @idkmybffjill9682 6 месяцев назад

    Not caring about Airbnb complaints. Using practices (selling leads) that you have to make sure are even legal in your state…you guys give off some real morris invest vibes

  • @DVNKLLS
    @DVNKLLS Год назад

    What kind of mic is Henry using? I want one haha.

  • @myhoatran4696
    @myhoatran4696 Год назад

    What specific law am I looking for?

  • @YOURFORTLAUDERDALEREALTOR
    @YOURFORTLAUDERDALEREALTOR Год назад

    So how do you keep financing every year for a new multifamily property? Can you do a conventional loan with 3% down every time?

  • @TropicTrdr
    @TropicTrdr 8 месяцев назад +1

    Glamping or travel trailers is subject to local zoning. All you need is a neighbor calling Code Enforcement on you. I like the idea of investing in cheaper markets and paying off the house. I've travelled a lot so I know a few areas well but doing it Cold Turkey can be risky.

  • @rumbletumblestumble
    @rumbletumblestumble 9 месяцев назад +1

    how is painting and flooring a 50k house just as much as a 1000k house?

  • @jenniferkrause8085
    @jenniferkrause8085 Месяц назад

    What are your thoughts on buying house Liens?

  • @Robertgriffinne
    @Robertgriffinne Год назад +5

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 200k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    • @Alejandracamacho357
      @Alejandracamacho357 Год назад +2

      Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from around $100k since the crash and I would really look to know how to go about this.

    • @PhilipMurray251
      @PhilipMurray251 Год назад +2

      it all depends on how long you're willing to hold for and your strategies, stocks might likely tank further, but making serious gains in this downtrend shouldn't be a problem if you're a pro.

  • @euphoriarealtygroup
    @euphoriarealtygroup Год назад +2

    Honestly for 10k start fund. I don’t think you can do much other than rent arbitrage. One single bump in the business your hard earned money is gone. Do not use 100% financing, that’s how you get bankruptcy. Just keep saving and when you have enough down payment, get a decent property and go from there

  • @zealgaming9123
    @zealgaming9123 9 месяцев назад

    How would you find tenants for house hacking? There’s a lot of differences between people and using the kitchen and work schedules…

  • @sasukesuite1
    @sasukesuite1 Год назад +7

    $10k absolutely is nowhere near enough money to start investing in real estate, unless you're buying a $10k house in Detroit.
    You just posted a video yesterday of somebody who is losing money on a rental property and blamed them for not having enough in reserves/making poor judgements. Stop lying to people and tell then the truth about having reserves so they don't bankrupt themselves from your copium idealized scenarios. Real life has vacancies and price swings. You're not going to do anything to help the people $100k underwater in equity and can't find tenants. "Oh well you should have saved up enough to hold on long term" is all you crooks will say.

  • @RCMa123
    @RCMa123 11 месяцев назад

    Here in Reno NV even 100k down for a rental doesn’t make $ sense. The cheapest home is around $330k 20 min out of Reno & your payments are around $1950 (Including your $100k down)The rent is about that much plus sewer so not cash flow

  • @jeannettewhite3682
    @jeannettewhite3682 Год назад +2

    I'm just taking notes until my disability comes through. They already owe me a couple years of change 👁️

  • @dylanturley7291
    @dylanturley7291 Год назад

    Question please help. How does one house hack with a family that we all love where we live now?

  • @TridentMotorsKC
    @TridentMotorsKC Год назад +1

    Good morning I’m in Kansas City

  • @HamidHamid-pe1wf
    @HamidHamid-pe1wf 11 месяцев назад

    How do you find a good realator?