How I Bought 22 Rental Units in 18 Months (with only $6,192)
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- Опубликовано: 9 фев 2025
- How I Bought 22 Rental Units in 18 Months (with only $6,192)
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I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?
It's a wise idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated.
Getting advice & guidance from financial experts like cathie wood to adjust your investment is a wise move
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Cathie has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
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To save y’all some time they got 100% financing from a money lender they know they didn’t reveal who so basically they got the hook up with someone they built a relationship with
I was coming to make this comment. Cause I can’t 100% financing anywhere especially as a black person… 😂
This approach has you leveraged up to your eyeballs, if the economy retracts, you’ll need to lower rents and find yourself underwater on the mortgages. Many have gone bankrupt using this much leverage.
💯 Exactly .. of course on top of hard lenders' interest rates and refinancing time limit you have to be stuck in case to refinance .. especially buying on peak
Leveraged up to their eyeballs??? They bought the properties way below market value and after rehab it looks like they appraised in some cases for double the purchase price. With that much equity in each property they are far from being overleveraged. This was actually a really smart strategy. Remember, in real estate, you make your money when you buy.
@Goofyassassin74 What property will double in 3 months after regular renovation not even luxury .. unless it's a foreclosure auction or the owner is a crackhead .. with hard lenders .. you know how much their interest rates and their refinancing terms .. Goofy .. listen to her part II videos u will know he's absolutely right
@@TheMohamed1952 You gotta be stupid. She says it in the video dumbass. If She's not telling the truth then thats one thing. but if you listen to her, she's saying that she's walking away with massive amounts of equity after rehab on each of these deals which would cover any market downturn. If she has that much equity who gives a shit what her interest rates are? as long as the rents cover the expenses who really gives a shit. That equity is where the money is. If you think cashflow is how you make money in real estate, dont get into this field because your going to be sadly disappointed.
@@TheMohamed1952 You obviously dont know shit about real estate. It doesnt matter how much her interest rates are if shes walking away with that much equity. If she's not telling the truth thats one thing but she's saying that she's walking away with massive amounts of equity after rehab. If you think cashflow is how to make money in real estate then your going to a very poor investor. Equity is how you make money in real estate and according to her she has a massive amount of equity in her deals. So she'll be fine. She says it again in the second video you referenced. Cash poor and equity rich is what she says
This is all fun and games until ur renters decide to stop paying or destroy ur property. I learned the hard way. 100k down the drain
This is what I tell myself when I can’t afford to do what she did… it’s not all rainbows &☀️
why are you thinking so negatively? don’t project your worries onto someone else.
When your this leveraged the market gets soft and shit gets spicy quick! But kudos to her because sitting on the sidelines doesn’t get you anywhere either. I’ve sold 4 rental properties and everyone of them had I waited I’d literally be financially free with over a million in equity and about 60k a year in cash flow
Did you use you’re person info for the property? I assume LLCs are set in place to prevent personal loss
@@Kay-be9xlexactly thank you it’s always a lot of negative Betty’s running around like damn just be happy for the next person and move on 😫😫💯💯
Good job! These comments are a lot of haters. Then they want you to tell them where you found your property. Keep that to yourself. Have them work for it, like you had to work finding those properties. When I seen your title, I immediately knew Midwest.
Appreciate it and I'm in PA
@@natureovermind7649 The problem is that the numbers don't add up and she doesn't give any credit to her "sex partner" because nobody's going to go in on this many properties without having some kind of reassurance... She's definitely having sex with whoever is really financing all of this.. That's what a comments are the way they are
@@natureovermind7649
I would say a mixture of hate but as a experienced investor that invest in a very cheap market I can say I got a lot of cheap Properites . It’s just the labor and material thats high.
Is nobody going to ask how she got 0% financing on all those deals? What bank is approving these loans? I'm assuming she gets the loans via her company and not as an individual. She also mentioned that she didn't have cash to pay for things, yet she got money for renovations how? On a credit card?
Wow this is amazing work. Congratulations 🎉
Super proud of you! Keep going!!!
Who is your financing company
Yeah..... 😅 I'm calling BS on this video... The numbers don't add up and she's leaving a lot of important information out of it😅
Her partner probably did all the work so he’d have the missing info
@@A_Well_Traveled_Man
I would love to see the hud settlement
I own lots of rental on Alabama where I have singles duplexes and 4 units and I’ve never been able to get a 17k rehab on a duplex. I’m not saying it’s impossible. But a true hud settlement will show all the proof bc when using a hard money loan you have to have these things listed on there what they allowing you to borrow.
I guess another fake guru course seller huh 😢lol
I would have to say that this is just another woman using another man's money and claiming it as her own and not giving the man any credit
Didn’t you just make a video about how you regretted it and how you need a job to sustain the units you bought?
Thanks for sharing your experience! So, you are finding a private investor(s), getting a private loan for the entire property + rehab costs, rehabbing the properties yourselves, and then selling the properties or renting out the properties? Is it difficult to get a positive cashflow (in terms of rents - loan payment) with the relatively high interest rates from your private loans?
Wow this is incredible & unreal! I will have a rental property in my state by the end of the year. I couldn't imagine having 22 units in 1 year, y'all worked fast.
Thank you and I believe you can do it!!
You stated you got a 5 unit for only $165k
Closing cost extremely low
You have one investment partner
Who knows where this amazing deal is in PA-
A private lender allowed you to do 100% financing
You only put down $60k+ for renovation
It appraised for an amazing price at $650k or nearly 300+% - THIS sounds like winning the power ball in a very short period of time
@@StefanieKebedeI would love to interview you on my RUclips channel, Coach Steele's Finance Training, is that possible?
@@robertruschak7083 You can count .👏🏾👏🏾👏🏾
@@StefanieKebede How did you get your closing cost so low?
Thanks for the infomercial for prop stream, direct skip and batch dialer. I've been an investor for over 20 years and you guys didn't spend $6,192 for "22 Rental Units". Your math is off by several hundred thousand dollars. I understand the click bate methodology though so folks view your content. Then at the end of your video you said it cost you $0. SMH. Next time, just be transparent on your video title. 100% financing isn't free especially using hard money lenders.
hey, how else is she gonna sell her course? 😀
Who do you use for private lending
If you, "ran the numbers" and the deal would only work at XYZ amount, any other investor will also run the numbers and the inflated values some appraiser put on those properties is meaningless because to investors who are the purchasers for mutli-units, the price is the value of the cash flow from the property.
One bad tenant destroying the plumbing or the furnace going up if you are in an area where heat is essential which looks likely to be the case with these properties and you are upside down and living on ramen if you are lucky for years, assuming you aren't in front of a bankruptcy magistrate.
My cousin owned his properties outright ie he paid cash to buy his rentals and one bad tenant not paying rent for the several months it took to evict them, then damaging the place meant he was living on eggs and soft tortillas as his only meals for months back when eggs were 5¢ each and you could buy 20 tortilla shells for a $1. While paying for the repairs he needed to make which kept the place unrentable for a few months.
If you bought an apt complex for $165k and it appraised for $650k, why wouldn’t you immediately sell it for a quick profit of $500k?? 🤨🤔
I'm with you I'm calling 🐂
Because she's purchasing for long-term renters market
@1GQ_gent still is a risky gamble.... The markets are at some of its highest peaks right now if you just watch the stock prices..
@@1GQ_gent Yeah, but if you can make $500k from a quick flip, YOU ALWAYS TAKE IT. That’s half a mil. You know how long it’ll take her to make that in net rental income? Not to mention all the headaches that’ll come with it.
What type of loan did you get ?
Would love to know the numbers after purchasing. Like you’re getting 100% financing at what interest rate? And what’s your amortized schedule?
What’s your net profit for this portfolio of properties?
How are you paying for all these rehab projects? Particularly if at one time you had -$300 in your account?
So many questions 😅
She answer your questions in her next video.
100% financing at 9-11% depending on the property
The financing covers the rehab for us and we had some other small income for our wholesales
@@StefanieKebedewho was your hard money lender? Please shared. Thank you.
@@StefanieKebede How did you meet your hard money lender? Who were they?
So, it's because you got 100% financing. All private lender? How did you find them?
If the answer to your title is that simple I'd suggest starting out by saying that and then going into the other details. It seems like kind of scamming people out of their time
This probably won’t get an answer! In essence, the private lenders own the buildings (those are the other investors she stated that they “didn’t have.”
100%
Thanks for speaking on this. My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
Making over 48k monthly is all because of her.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
Where did you buy all these properties?
Please in what state are you finding these deals.
PA
Way cheaper than most places I know bc I'm next door in Jersey
Is there an app to find coldcallers? How do we find the callers? What would be the cost of such a service? Is that cost included in the amount stated for start up?
buy her course 😀
Dang. 2nd one was a blessing! Sounds like. 5:11 thats a steal!! Next to a hospital.
7:24 transferred deeds?
Ive stepped away from the wholesale thing but soaked in a lot of knowldge.
Still dont know how yall are paid at closing (only watched 1 pace morby video)?
This was inspiring!! God willing for a business partner as integral and truthful. Especially as a woman. I seen a LOT of opportunity in Philly. Coming back into the estates biz with a new mindset in speaking with lenders. Im not no wholesaler. I want to own and take care of people.
While I've found that owning a home and rental properties haven't been the most lucrative investments for me, I still cherish the experience and sense of ownership. However, I've come to realize that the stock market is where I can truly grow my wealth.
I feel the same way. Yes, owning RE creates diversity, but dollar cost averaging over the long term in VTI, QQQ, and SCHD. Is alright with me. I probably will buy more properties IF I see an amazing deal, but that's where I am.
You guys are doing great. congratulations
Waou
You did an amazing job ❤
You and your partner
So to be clear you paid 0 down payment and financed all or some of the closing cost with private money lenders?
Is that right?
Leveraged to the tiiiiiits
Yeah this is not good lol
Their equity is probably close to 40%. Since they rehabbed it and bought it for under market. If it were a turnkey for market price you’d be right
This is bull shit click bait.
@Stefanie may I interview you about your journey?
Peace to the saints. This would be an awesome collab.
Tbh my guy I think she leaving out a lot of information on purpose so I don’t think she interviewing because them real questions going be hard to answer but I hope and pray she takes the interview 🙏🏿🙏🏿🙏🏿
@ I did dm her on IG and haven't heard back
Subscribed...This is a great idea, I would just use less debt.
Most definitely on the less debt part
What city are these properties located in?
I was thinking the same thing.
Thinking the same ?
@@easyon12 I live in NYC, buying multifamily houses is incredibly expensive. Two families start at 1.2 million.
She lying. Her business partner; her man.
Illinois. She bought in deadly reddened crime cities. How di you think she was able to buy 22 properties. And it's not a buisness parter. It's her boyfriend she dragged into this to get rich quick.
Thes3 look lik3 headaches
Who is your wholesalecompany
Great video!!!!!!!!
The part that may go over someones is why would you sell it to your rental company for 7k when that increase effects your total loan.
So that our wholesale company can make money. When have overhead with softwares, employees, etc. so our wholesale company was able to get paid for finding the deal
How did you get 100% financing?
hard money lender but she already has relationships and a track record with them so might be somewhat easier for her
Congratulations
Do you have information on how to just buy a two unit flat
I'm interested in what you did, and I hope for the best. I just didn't think it was that approachable.
You guys are fearless!
Hey Stefanie great job 🎉 I was wondering who do you use for your financing. I’m currently in the Ohio & LA investment areas & need to find someone I can trust to finance with..
Renovation appreciation. :)
Also credit is SO important!
Who are you using for text blasting and VA hires?
🚨 Failed 🚨
I have an undergrad degree from a prestigious university and an MBA from a decent College, but I am confused on how they paid such low fees
College failed me…
East St Louis IL is a grave yard of extremely cheap real estate. Buyer beware.
What state / city are you in where u are getting properties for prices that low? 80k, 165k ? Nothing for that price in Florida . You must be in the midwest ?
WHEN BLACKS REALIZE THAT NO ONE IS HOLDING YOU BACK, YOU GET THIS SISTER
A lot of great free knowledge
What is the name of the private money lender you use?
It's all 🧢 that's why they didn't reply. Not one picture or video of her in the property
@ good point
shell never give u that info bro
Where did you get your financing? I have a deal in Oakland, CA I would love to finance 100% of it.
This is clickbait for sure😅😅😅
What state?
PA
When you say you bought a $350,000 property with a purchase price of $362,000. Who's coming up with the $40,000 rehab costs?
Why were the closing costs zero dollars?
I bought 15 rentals over the years and unless you are loaded with cash, I would not advise someone to scale with so many units in that short of a time. If a person goes from 0 to 20+ properties that most likely means they didn't have any experience as a landlord before that.Because you didn't own any rental property before. This can be scary if you don't have a pile of cash. Especially they are low end properties
I've seen a previous video of yours talking about the downside of this investment properties
What did your cold caller say to the owners? We need a script
Where do you find your reliable contractors for your projects?
I found mine at meetups and the other at the bank
great job!
Thank you!
Sounds like Dave Ramseys story of how he went broke by having too many homes with no equity
Well with our properties we have a good amount of equity
What area is this
😅😅😅 Don't fall for hype... Just look at the other comments
No lender gives you a 100% full financing, 90% is maximum
That's not true. You can get seller financing which can cover 100% of the loan.
Another route you can do is go to the bank. If approved, they will fiance approx 75% of the loan. They will require you to put the remaining 25% as the down payment. You can then go to a private lender and get the 25% down payment, which is another strategy investors use when they don't want to put any of their money to get the deal.
What type of lender are you using for commercial properties? My hard money lenders only go to 4 unit max
Private money then we refinance with a credit union
What city n state cause these prices are magical 😮
PA
SCAM CALL LIKELY.
I must be stupid because I do not understand how she's walking away with cash or not putting anything down.
She is using a private lenders money .. not a banks (mortgage loan)technically she doesn’t own the home until her “lender” is payed back. The title is misleading
Did you have to negotiate with your private money lender every time you did a deal?
Yes kinda in a way
Any tips of finding a good private lender?
Network with investors at meetups and see who they use. Lenders also go to real estate meetups as well. Also, you can have your friends and/or family lend to use if they have money too
What interest rate can you get?
Between 9% - 11%
How long is your rehab time period on these amazing flips
My questions is are you buying in the worst ghettos of Mississippi?
Show me how
Did you not have to put down 20% since its not your primary residence??? And how did you get 100% financing???
can you share how you're getting 100% financing
Having -$300 in a business checking account seems like an impossible thing to actually do… lol.. how do you go negative in a business checking account?
company overhead fees plus dealing with rental properties things happens where you have to repair them
How do you keep walking away without putting cash down
Through getting 100% financing
And how were you able to get %100 financing on most the deals?
@@StefanieKebedeplease shared the hard money lender. Thank you.
@@nicholas-davisdon’t share it , don’t mess up your plug so they could run your lender to the ground lol
Where are you finding 5 unit for 165k?
PA she says
Who is the hard money lender that did 100%. Please shared. Thank you.
However, come to STL and you can do this too!
What state is this in?
PA
Where in PA are you ending up with these god mines
How do you get uour private money lenders
Through networking and going to meetups
@StefanieKebede I'm from NYC but I invest in pa. Can you recommend a meetup
@@stevenjefferson3349 do ur own research
How did you get 100% financing… That’s the whole key to the thing and you’re not explaining it
🧢 and i own multiple units in PA. There's ALOT of extremely important information missing here.
How did you but it with 100% financing
I am curious are you all new here? I am not apart of their (her and her partner) core audience and I know she just recently put up a video saying she was selling everything. I 🙏🏾 she is successful in all her endeavors. I find it odd that this video followed the latter
Hey I give credit when it’s due all leave some stuff out it’s cool. I’m confused 🤔 because you have a video from 4 weeks ago you regretted having this portfolio? I’m sure all had it pros and cons it’s excellent i would love to do the same some these things are very stressful
Yes, I do have that video and in the comments of that one everyone is asking how I was able to scale so fast, so I decided to make a video on exactly how I did it. Not saying people should do what I do, but showing that it can be done. The strategy is fine, but the downside of what I did wrong was over leverage and scaled too fast
@@StefanieKebede I have a friend thats always telling me to buy buy buy buy, and I keep telling him that's to stressful and risky and that I'm good at the pace I'm moving. So lesson learned.
Omg those electrics on the outside of the building look illegal and dangerous!
Question: Why is it that every time I see someone talking about investing in props, I look them up, and they have a bunch of courses and no information on their props. No available listings, directions to a site about the props, nothing. If this is how you make your money, why isn't it the first thing I see or even the last? Anyway, be careful leveraging props and buying beat-up houses in bad neighborhoods. The good stuff is expensive and slow.
Fake 😅 she didn't meet with no tenants 😅😅😅
Private lenders has high interest rates ..
22 homes and can't pay a $300 closing cost 🙃
I would love to interview you on my podcast! Is that possible?
She keep referring to her Boyfriend as her Business Partner ..🤦🏽♂️.. Fella stay woke .
What red state are you living at with this kind of prices?
Surprisingly I'm in PA
This is an advertisement video for the services at the beginning of the video, not the business structure set up or explaining the tax credits or write off taken to allow them to "reduce" the price! You try this as a laymen and you'll be fucked!
Aren’t you close to going bankrupt though?? Maintenance is going to kill you. You have no skin in any of these houses, 100% financed that’s a little scary. I just don’t understand how scaling quickly is a good thing.
Maybe to start and use the equity from the remodels or cash flow from rents to pay off a certain portion of the units and have a few free and clear.
All 🧢 not one picture or video of her in the property 😂😂😂😂😂😂😂.
Good Price. PA Harrisburg for $167,000, March 14, 2025