I love his energy. He explains everything in a simple way for all to understand. Te interviewer doesn't ha e to ask him questions bcuz he explains everything before being asked lol
And please don't get me wrong I love this guy... I watched him on his original bigger pockets show and he had me almost to tears on when he talked about he took 2 hours in his basement and he realized that he got it he got it that was a moment for me when I watched his show I love this guy
Speaking to what was said at the beginning of the video, Can you guys please go into a little detail of any extra measures you take when you do have to remove a contractor from a renovation site and move on with a different contractor? In terms of what you may do to protect the property against any damage or actions done out of ill will?
I respectfully disagree on unit count, the unit count is the most important number. It's where you build in your economies of scale to service the debt w./o worrying about someone moving out. Scale and your break even analysis or Break Even Ratio (BER) is essential and a metric lenders will look at amongst others. In the multi unit world, cost per door and debt cover ratio (DCR) are your key indicators initially. And, you want a should never go below a 1.25 DCR! Then comes your cash on cash, ideally coming in @ no less than 6% relative to market forces. In a territary market you want to double that aforementioned number at a min!
Ashley interested in your A-Frame, is it a kit? where did you get the plans. I'm also in rural northern NY and have a property with an open lot and a single family home and barn. Torn between getting a double wide, prefab home, or build an A Frame on the open lot. Which is the most cost effective.
As one of his students I will tell you that you will not find that out unless u r in his circle and or a student of his teachings. It's one if his prized secrets and it is 100% fool proof
Lemme correct u...... he lost it all 3 times not 2 times. You need to open n expand ur context aka reality. Who else is better to learn from than a person who definitely knows the recipe for losing, adjusted his approach, and is now winning massively. Obviously he figured out a successful winning approach. These r the ones that already KNOW what not to do
I get it but couldn't you mortgage out and use the banks money take a cut on cash flow and don't wait the 18 mths for a cash on cash return ? Maybe I'm getting it wrong but ????
Doesn’t necessarily seem that way. Just that he will be quick to flip if it’s less than 3 or 4 units. Everyone has a different approach, though. “There’s a million ways to get it. Choose one.”
I don't think so. His strategy is a combination of both. Very creative and simple. Flipping and investing the profits into long-term rentals, and letting it snowball. :)
His energy is off the chain. I love his passion and how he teaches!!
Omg....pls bring this guy back again!! Love his energy and wisdom❤
Big up to mason for keeping it real. Most people don’t talk about the loses.
Amazing as always Welby. You’ve been thru it all, learned, and have a simple method that anyone can copy, as long as they put in the work!!
Welby always brings the truth
Not going to lie he killed this! Salute
Love his energy and the way he delivered the information. Got me hyped AF!!!
This guys is one of the most realistic investor....I love his message...very motivating 💪 👌...net return##$cash flow$
Most value from any other podcast from you guys we gotta have him on again
I love his energy. He explains everything in a simple way for all to understand. Te interviewer doesn't ha e to ask him questions bcuz he explains everything before being asked lol
And please don't get me wrong I love this guy... I watched him on his original bigger pockets show and he had me almost to tears on when he talked about he took 2 hours in his basement and he realized that he got it he got it that was a moment for me when I watched his show I love this guy
Speaking to what was said at the beginning of the video, Can you guys please go into a little detail of any extra measures you take when you do have to remove a contractor from a renovation site and move on with a different contractor? In terms of what you may do to protect the property against any damage or actions done out of ill will?
This was really good need more guests on with his energy.
Best one yet!...
Lots of Gem by Weltby! Great episode! Thanks
I respectfully disagree on unit count, the unit count is the most important number. It's where you build in your economies of scale to service the debt w./o worrying about someone moving out. Scale and your break even analysis or Break Even Ratio (BER) is essential and a metric lenders will look at amongst others.
In the multi unit world, cost per door and debt cover ratio (DCR) are your key indicators initially. And, you want a should never go below a 1.25 DCR! Then comes your cash on cash, ideally coming in @ no less than 6% relative to market forces. In a territary market you want to double that aforementioned number at a min!
This guy is motivating.
Very informative.
Love this brother.
Ashley interested in your A-Frame, is it a kit? where did you get the plans. I'm also in rural northern NY and have a property with an open lot and a single family home and barn. Torn between getting a double wide, prefab home, or build an A Frame on the open lot. Which is the most cost effective.
Great episode! What towns in ct do you invest?
Good Stuff Welby
How does he deal with contractors? He said he puts himself in a position to never lose a dime.
As one of his students I will tell you that you will not find that out unless u r in his circle and or a student of his teachings. It's one if his prized secrets and it is 100% fool proof
Wow!! Great show
Good stuff brother
lol. you can't show me a singel deal in cali that makes sense for brrrr
Love it!
What happens if you can’t sell a flip? Does it go into foreclosure ?
What neighborhood class does Welty invest in to achieve these returns? C or D class? It’s difficult to get those returns from B class areas
Discipline is the key
He is the truth💯
Made me skip my heart love it 🔥🔥
Isn't this the same guy who said he went broke twice. I don't know.
Yea actually he was *swindled*
Yup. He said he didn't believe in himself so he kept giving his money to someone else.
Yes, it is him.
Lemme correct u...... he lost it all 3 times not 2 times. You need to open n expand ur context aka reality. Who else is better to learn from than a person who definitely knows the recipe for losing, adjusted his approach, and is now winning massively. Obviously he figured out a successful winning approach. These r the ones that already KNOW what not to do
I get it but couldn't you mortgage out and use the banks money take a cut on cash flow and don't wait the 18 mths for a cash on cash return ? Maybe I'm getting it wrong but ????
Yess!!! I live in Connecticut. Im JUST starting. Would love to connect. Hit me up!!
He Is charged!!!
So is he saying that flipping is better than holding?
Doesn’t necessarily seem that way. Just that he will be quick to flip if it’s less than 3 or 4 units. Everyone has a different approach, though. “There’s a million ways to get it. Choose one.”
I don't think so. His strategy is a combination of both. Very creative and simple. Flipping and investing the profits into long-term rentals, and letting it snowball. :)
No he’s saying that flipping can be a means to assist you with financing your buy and holds.
I'm not selling anything , stop waiting
Pp
Love it!