My major in the army made us read real estate books and gave us a class every week while we were in Afghanistan. I currently have 7 units but have had as much as 19 since being in Afghanistan. Just keep moving forward.
What is stuck to me the most from this episode it how the guest speaker has so much confidence speaking on real estate, but he is just a regular guy as many of us with regular jobs. And how just by putting into practice what we learn in real estate can make you grow. There is no secret... it's action! Very inspiring!
Several thoughts 1. This investor Tylor Wing for being in his 20's is highly impressive. His communication skills and his aptitude are what you would expect from someone much older and way more experienced in real estate. 2. This cohost Jamil Damji ask much better questions than Rob Abasolo. He allows David Greene to go back to sleep like he did when he cohost with Brandon Turner . 3. I would have liked some deeper questions such as how he financing his deals. There is no way you can do seller financing on all of his deals. 4. I would have like to learn how much gross rent and net operating profit is he taking home each month. 5. Did David Greene really leave this interview to eat? I hope not.
1. He’s an Officer 2. He is pocketing his BAH and is house hacking 3. He deployed As a former enlisted soldier, ppl wouod make bank, especially officers 💰 That HELPS ALOT in “financing.”
This guy might be the most impressive beginner investor I've ever listened to! No money down on most of his deals and 30 units in 2 years without any experience is mind-boggling!!! Hooah!!!
The deep dive deal didn’t cover much details at all. I wish y’all would have covered, how much was or percentage was financed by the lender and what percentage was down payment. The note the seller carried for the him, what was the interest on that over how long of a period. I just wish you guys would have went into more details. Btw, great episode overall.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@MariusNatt I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@AaronTucker-th2nn Sure, the investment-advisor that guides me is>>> "Autumn Lynzi Smith", she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@AshtonGrace Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Good podcast. Taylor has a good business acumen and knows what he wants to accomplish. I would have liked to hear more about how he got the 30 rental units in 2 years. That is 1.25 units per month which means multiple projects going on at the same time. How did he keep all that organized? When did the properties start cash flowing? How long to find a tenant? Does he use a property manager?
I would like to know it too . is he buying houses in cash? Cause the banck its not giving you money each month to buy a house , can you imagine the situation? You still closing one deal and next week you back to the bank asking for another loan lol maybe he bought an entire building or something who knows
I came here to learn about these, too. What I got is that he was lucky enough to be picked up by creative financing to let him go on a journey with them. Now having any other work, it was perfect opportunity for him. Not scalable for most.
Whoa! Way to go my Brother -In-Arms, keep it up. I'm started my real estate LLC, on my first actual deal that was just closed. Under reno now, waiting to finish so I can rent, refi, and repeat. Looking at my next deal already.
30 units in 2 years with a LT's salary. Even with "creative" financing I think we are possibly missing some information here. Either way, I am very happy for his success.
some credit cards and hard money is possible in this story. Folks get creative under pressure. Both my parents served mom (26 years) and dad (10 years) folks would call them for money or ways to get out of housing at other bases. My mom and dad picked up several rentals along the way.
He mentioned multiple times that all the money came from his hard money lender. His lender put down 80% and paid for 100% of rehab. He only had to put down couple thousand.
He mentioned in the beginning that he was pocketing all of his military housing allowance from house hacking and used a VA loan for his first property.
Be cautious when investing out of State. I was ripped off from a property management company in Toledo. I had to change companies a few times to make things right.
@@soundstudio1010 I ran into a shady "turn key" provider in that area. I just observed, didn't invest in Toledo. While there is some nice housing stock there, it inevitably is a city in long term decline. So there is surplus housing stock.
Great questions by both and awesome guest speaker inspiring to make us realize u just got to get your feet wet when scared and navigate through the process
I don’t get it. On the deal the owner owed 100k house worth 2-215k seems there was significant equity, why was he motivated to subto without any compensation.
Landlording is a lot of work. "Financial Freedom" is not exactly a good description of this business. It is not a passive stock portfolio. Still, inspirational how someone grows their business model.
@@toddmiller2759 Good advice. I self manage, but I have to get a property manager if I want to expand out of State. On pause from buying now, like most people.
I'm barely starting my journey and currently doing a house hack on my single family home. I would like to connect with Taylor, I'm a Veteran with a VA loan and now ready to continue on my next investment
Great video!!!! We just took out a heloc on our property and are now looking for awesome deals in kern county California! Hopefully we can find some good deals and build a decent portfolio like his! Good stuff!!!
I believe the day is sooner than you think. Don't let a lack of funds hold you back from closing real estate deals. We offer transactional funding, including EMD funding, to help you move forward with confidence. Reach out to us to learn more.
I am looking to purchase my first investment property, I could use a HELOC as I have equity available to me. I currently have a good cash flow and money saved up. would you recommend using the HELOC to buy the home or use the cash?
That was amazing to hear this story, but it also made me feel like a loser! I have been following BP for 5 years and only did 3 deals in the past 5 years. so now, should I quit since I am the worse RE Investor, or WTF.
No. Do what you're comfortable with, and measure with a different ruler. If you measure yourself against Steve Jobs or Elon Musk, you're a failure - period. I'd say that you aren't - you got 3 more deals done than 90% of people. But if you feel like a loser, go do something about it. Hit the streets and find another deal.
It’s hard to relate to this podcast being that I have no military background. I have a blood clotting disorder that won’t allow me to get in the military which is a shame because using a VA loan is smart but only people in the military can access one. So if you can access one more power too you but when something your born with takes away that option to serve and use that leverage it’s a hard pill to swallow. I don’t know why anyone who is serving or has served doesn’t do this because you get an advantage actually getting a loan with not much requirement.
Do both. You’ll get LTR leads from STR sites like AirBnB. If STR doesn’t work for you, your exit strategy can be shifting by to a LTR or MTR. There’s a lot of ways to cut the real estate pie.
Sooo. He talks to guy that has a 200k house and 100k left on mortgage. The guy walks out and he takes over payment…and seller basically gives new owner 100k equity. Nice deal. 🤔
The title will be transferred to Taylor's name when he buys Subto. A bank is going to want to see he has ownership for a "seasoning period" but then can refinance all the same in which point the subto loan will be paid off.
Hello Tubin, does that mean that once the title is transfered to the new buyer’s name, the buyer keeps the original loan from the seller? Therefore, the new buyer goes to a “probation period” with the lender?
@@franciscodelgado5143 probate has to do with a deceased owner on the title, so no. If an owner on the title were deceased, then that means they can't transfer title to you without it going through probate first. Subject to just means that when they DO transfer the title to you, their loan is not getting paid off. And you are also not assuming the loan (as in, the loan is not getting changed to be in your name). Instead you are promising to make payments on THEIR loan, which would be stated in the contract.
Do you guys have an episode about the 30+ year old person $15,000 or more in debt working a dead end job that turned it all around by learning a high income skill and investing their extra income into real estate to achieve financial freedom?
Not being negative about a success so I'm happy for anybody to be successful but most of the people using the armies I mean he had a good income coming in at a good saving or people of corporate Is easier to start when you have money a lady was on food stamps or struggle because most of us are struggling and to see how they made it more stories about people who were struggling I worked at McDonald's , or was homeless those are stories that are truly inspiring than to hear how people already have money made it that doesn't help us you know really doesn't but my hats off to you
I’m not so sure you understand how little military personnel make. I was making 19k/year when I was in. But no matter what no matter what direction we are coming from, we need to keep moving forward and reaching our goals.
Someone is jealous and it shows. You can’t force someone to sell and sign off. Guy was in a situation and wanted out. Taylor was there to buy him out. Or someone else would be. Speaking like an amateur.
My major in the army made us read real estate books and gave us a class every week while we were in Afghanistan. I currently have 7 units but have had as much as 19 since being in Afghanistan. Just keep moving forward.
So cool!
Awesome leader right there
thats amazing. using your time wisely
You and your Major should be a guest for Bigger Pockets! I would love to hear more of your story!!
This is awesome I'm purchasing both of the books right now at this moment
What is stuck to me the most from this episode it how the guest speaker has so much confidence speaking on real estate, but he is just a regular guy as many of us with regular jobs. And how just by putting into practice what we learn in real estate can make you grow. There is no secret... it's action! Very inspiring!
Several thoughts
1. This investor Tylor Wing for being in his 20's is highly impressive. His communication skills and his aptitude are what you would expect from someone much older and way more experienced in real estate.
2. This cohost Jamil Damji ask much better questions than Rob Abasolo. He allows David Greene to go back to sleep like he did when he cohost with Brandon Turner .
3. I would have liked some deeper questions such as how he financing his deals. There is no way you can do seller financing on all of his deals.
4. I would have like to learn how much gross rent and net operating profit is he taking home each month.
5. Did David Greene really leave this interview to eat? I hope not.
1. He’s an Officer
2. He is pocketing his BAH and is house hacking
3. He deployed
As a former enlisted soldier, ppl wouod make bank, especially officers 💰
That HELPS ALOT in “financing.”
Oh and his wife is a travel nurse 🏦
@Tea Time can you explain the part of people banking? Did hia friends lend him money?
Open your both ears first
I'm a USAF Veteran and have a similar business model in the Vancouver, WA market area. Keep up the great work.
I too own over 50 homes in Vancouver Washington. Very cheap market. Trying to sell them now all at the top of the market.
This guy might be the most impressive beginner investor I've ever listened to! No money down on most of his deals and 30 units in 2 years without any experience is mind-boggling!!! Hooah!!!
The deep dive deal didn’t cover much details at all. I wish y’all would have covered, how much was or percentage was financed by the lender and what percentage was down payment. The note the seller carried for the him, what was the interest on that over how long of a period. I just wish you guys would have went into more details. Btw, great episode overall.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@MariusNatt I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@AshtonGrace Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@AaronTucker-th2nn Sure, the investment-advisor that guides me is>>> "Autumn Lynzi Smith", she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@AshtonGrace Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Good podcast. Taylor has a good business acumen and knows what he wants to accomplish. I would have liked to hear more about how he got the 30 rental units in 2 years. That is 1.25 units per month which means multiple projects going on at the same time. How did he keep all that organized? When did the properties start cash flowing? How long to find a tenant? Does he use a property manager?
I would like to know it too . is he buying houses in cash? Cause the banck its not giving you money each month to buy a house , can you imagine the situation? You still closing one deal and next week you back to the bank asking for another loan lol maybe he bought an entire building or something who knows
I came here to learn about these, too. What I got is that he was lucky enough to be picked up by creative financing to let him go on a journey with them. Now having any other work, it was perfect opportunity for him. Not scalable for most.
Whoa! Way to go my Brother -In-Arms, keep it up. I'm started my real estate LLC, on my first actual deal that was just closed. Under reno now, waiting to finish so I can rent, refi, and repeat. Looking at my next deal already.
How many properties can you buy in 1 year? What happen if 2 or more renters stop paying
How are you dealing with the higher interest rates?
30 units in 2 years with a LT's salary. Even with "creative" financing I think we are possibly missing some information here. Either way, I am very happy for his success.
His wife is a travel nurse. Per WEEK, could be $3K-$6K+.
some credit cards and hard money is possible in this story. Folks get creative under pressure. Both my parents served mom (26 years) and dad (10 years) folks would call them for money or ways to get out of housing at other bases. My mom and dad picked up several rentals along the way.
He did mention he did Brrrr also.
He mentioned multiple times that all the money came from his hard money lender. His lender put down 80% and paid for 100% of rehab. He only had to put down couple thousand.
He mentioned in the beginning that he was pocketing all of his military housing allowance from house hacking and used a VA loan for his first property.
This young man has a very inspiring and awesome journey to financial freedom. Excellent conversation, gentlemen!
Be cautious when investing out of State. I was ripped off from a property management company in Toledo.
I had to change companies a few times to make things right.
My biggest concern. Some in Colorado are just worthless
Curious who it was
@@soundstudio1010 I ran into a shady "turn key" provider in that area. I just observed, didn't invest in Toledo. While there is some nice housing stock there, it inevitably is a city in long term decline. So there is surplus housing stock.
@@brianploszay7202 I bet they charged a lot for renovations XD. Where did you end up investing ?
@@soundstudio1010 I invest mainly where I live: Chicago. And some minor investments in Az and Ca.
This is one thoughtful and mindful guy. Impressed with his approach.
Thank you so much Stephen for your kind words! It means a lot to me that you found value in my approach.
I can tell you went to West Point! Thanks for your service.
LEO the HERO😂 Awesome episode guys. Made me smile big. Taylor, I'm so happy for you!
Great story. Very inspiring. Key takeaways are having the right mindset and taking action.
This is such an inspiring story from such a young man, keep growing Taylor
Great job doing this at a young age. Its the consistency factor.
This guy should start his own podcast damn!
What a phenomenal story! Hats off to you!
Agreed!
Loved this episode! Great questions Jamil.
One day I will start that’s a promise to myself but great information all around
Great questions by both and awesome guest speaker inspiring to make us realize u just got to get your feet wet when scared and navigate through the process
I don’t get it. On the deal the owner owed 100k house worth 2-215k seems there was significant equity, why was he motivated to subto without any compensation.
This video is full of gems.
Landlording is a lot of work. "Financial Freedom" is not exactly a good description of this business. It is not a passive stock portfolio. Still, inspirational how someone grows their business model.
Property management firms, my good sir! 🙂
@@toddmiller2759 Good advice. I self manage, but I have to get a property manager if I want to expand out of State. On pause from buying now, like most people.
Better than working any job though
Great execution. Thank you for sharing your story. Would love to get together when you get down to Florida. We live on the Treasure Coast.
Biggerpockets needs to make a movie about this guy and his lucky dog Leo! lol
Where have I been? Jamil is a cohost now?? Love it even more.
Hey im a local contractor and property manager in sioux falls, SD! Our team is always interested in connecting with local investors.
There are so many holes in his story. Even if what he says is all true, he is in neck deep debt, he does not own anything yet.
That’s how debt works. You take debt and pay it off…
Anyone can go into debt and own lots of things, he can't claim, anything us his until he pays it off. Full fake video
I'm barely starting my journey and currently doing a house hack on my single family home. I would like to connect with Taylor, I'm a Veteran with a VA loan and now ready to continue on my next investment
Great video!!!! We just took out a heloc on our property and are now looking for awesome deals in kern county California! Hopefully we can find some good deals and build a decent portfolio like his! Good stuff!!!
Be careful buying houses with a HELOC , not saying you shouldn’t do it but if things go bad that can be a disaster
If you buy a sub2 deal can you take advantage of the tax incentives like depreciation?
Respect! Nicely done. Big question is:
How do you do this in a hot city though?
Taylor good job man congrats, you are very inspiring
Thank you so much for the compliment!!
Can you all speak more about creative financing?
I love the taking action man!! congrats and i also want to be finacially free soon one day.
I believe the day is sooner than you think. Don't let a lack of funds hold you back from closing real estate deals. We offer transactional funding, including EMD funding, to help you move forward with confidence. Reach out to us to learn more.
Thank you so much!! Let's talk about that and let me help you achieve your goals!
11:50 best advice ever. Start ugly and try.
Which Mortgage place currently does VA the best? I am in the 700’s and have no debt. Veterans United? USAA? Or ?
I'm interested in the answer as well.
I did mine through Veterans United. Very smooth transition.
Great videos, but In my province right now I can’t buy a double wide trailer in a park for less than 160k.
How do you Refinance assumed loans. Are the loans in your name or the original owners needs to refi
I’m truly inspired. I’m motivated to get my feet wet.
Thank you all for this I am about to invest in my first multi unit this info is as good as gold.
How did your life pan out from investing?😊
@@eccomercementoreeryan2264 im on my way bro still saving up
He couldn't eat a sandwich before his guest arrived for a podcast?
I am looking to purchase my first investment property, I could use a HELOC as I have equity available to me. I currently have a good cash flow and money saved up. would you recommend using the HELOC to buy the home or use the cash?
That was amazing to hear this story, but it also made me feel like a loser! I have been following BP for 5 years and only did 3 deals in the past 5 years. so now, should I quit since I am the worse RE Investor, or WTF.
No. Do what you're comfortable with, and measure with a different ruler. If you measure yourself against Steve Jobs or Elon Musk, you're a failure - period. I'd say that you aren't - you got 3 more deals done than 90% of people. But if you feel like a loser, go do something about it. Hit the streets and find another deal.
Dont believe all the shit you see on youtube they only tell you the good things not the real truth
A house that is less than 100,000....Well I'm SOL. Can't find anything in Boston for less then 500,000 and outside the city maybe 300,000.
It’s hard to relate to this podcast being that I have no military background. I have a blood clotting disorder that won’t allow me to get in the military which is a shame because using a VA loan is smart but only people in the military can access one. So if you can access one more power too you but when something your born with takes away that option to serve and use that leverage it’s a hard pill to swallow. I don’t know why anyone who is serving or has served doesn’t do this because you get an advantage actually getting a loan with not much requirement.
I heard on one of the podcasts that VA loans are assumible to non-military when buying a house so that's an option
Did you have to evict all tenants in the 8-plex?
I wish they had short versions of these videos for those of us who are too busy to watch them
Pro tip: just listen to the podcast instead
Watch these videos instead of TV at night. Only way I can fit these in.
Honesty I drive trucks I just click the video and listen to them as I drive most of the time
Totally agree!
@@joshnevid4556 I run two companies and buy rental properties I don’t watch TV I don’t have time
Lmao at David grabbin a sandwhich.
😅😊😊😂🎃🎃🎃
Very good video’ thanks you
He said the same ship 20x it fell on my lap
So cool! But isn't there a massive amount of problems with rental tenants?
Does anyone invest in rentals who would do things differently in hindsight? I noticed some people have one or two rentals and some have a bunch.
I'm so torn on starting with a str or ltr. Ugh....
Do both. You’ll get LTR leads from STR sites like AirBnB. If STR doesn’t work for you, your exit strategy can be shifting by to a LTR or MTR. There’s a lot of ways to cut the real estate pie.
Great episode.
Great show
This is a great video!
Sooo. He talks to guy that has a 200k house and 100k left on mortgage. The guy walks out and he takes over payment…and seller basically gives new owner 100k equity. Nice deal. 🤔
Taylor, said he did a BRRR on a Subto. How does that work if the financing on the property is not in his nane but the owners
The title will be transferred to Taylor's name when he buys Subto. A bank is going to want to see he has ownership for a "seasoning period" but then can refinance all the same in which point the subto loan will be paid off.
Hello Tubin, does that mean that once the title is transfered to the new buyer’s name, the buyer keeps the original loan from the seller? Therefore, the new buyer goes to a “probation period” with the lender?
@@franciscodelgado5143 probate has to do with a deceased owner on the title, so no. If an owner on the title were deceased, then that means they can't transfer title to you without it going through probate first.
Subject to just means that when they DO transfer the title to you, their loan is not getting paid off. And you are also not assuming the loan (as in, the loan is not getting changed to be in your name). Instead you are promising to make payments on THEIR loan, which would be stated in the contract.
I want the Word document 😅🙏
What is the owners benefit when someone does a sub to? He mentioned he didn’t put any down.
He screwed over the seller, even if he did what he says. I don't believe what he says.
I'm getting a dog!
I wonder where did he buy these properties
Taylor Wing where are you buying in Florida I live in Florida as well maybe we can meet up
No one refinancing. You're underwater.
Temporary..... Doesn't matter as long as it breaks even in the meantime
@@konman823 The Fed and banks disagree. Run, get out, leave the casino.
@@Ricocase Banks aren't refinancing?
Do you guys have an episode about the 30+ year old person $15,000 or more in debt working a dead end job that turned it all around by learning a high income skill and investing their extra income into real estate to achieve financial freedom?
Terrific 😂❤
did he just start off this video with.. "I just went straight to West point? "🤔
yeah he's just like you and me.. everyday Joe..lol
This kid is definitely a beast high performer.
That's what happens when you're focused starting at 10 years old.
Where did he buy houses?
In the USA
North Carolina and South Dakota
He's using free VA money
Bottom line, I need to walk my dog more often!
Turkish subtitle pleasee
Not being negative about a success so I'm happy for anybody to be successful but most of the people using the armies I mean he had a good income coming in at a good saving or people of corporate Is easier to start when you have money a lady was on food stamps or struggle because most of us are struggling and to see how they made it more stories about people who were struggling I worked at McDonald's , or was homeless those are stories that are truly inspiring than to hear how people already have money made it that doesn't help us you know really doesn't but my hats off to you
I’m not so sure you understand how little military personnel make. I was making 19k/year when I was in. But no matter what no matter what direction we are coming from, we need to keep moving forward and reaching our goals.
@@jiggeplaya7182 he's an officer and went to West Point.
Young thug out there somewhere watching this 👁️
First! Oooohh la la....
Thats lame, hes just making money off of other people’s hard work. No real skills,
What do you mean?
Money is the motive right?
Wrong channel to watch then?
The tide going out is going to get pretty funny soon.
You didnt create a win win situation you screwed a vet out of his equity with a bunch of BS.
Exactly, thats disgusting!
Someone is jealous and it shows. You can’t force someone to sell and sign off. Guy was in a situation and wanted out. Taylor was there to buy him out. Or someone else would be. Speaking like an amateur.
Why woukd he give up all of his equity? I am missing something here.
Very good video’ thanks you