I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
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 resume.
I really love when Junior is on and speaks . He's so damn cool and good at what he does. Very smart man, tough from an extremely smart father. Love junior.
@@chinadashauthority65 true, like this guy goes out and shows us him actually scouting, adding up numbers, and seeing the final deals. most other gurus are all talk and only tak about their experiences never showing proof.
We need more of this. Back to the basics just like the original Life for Sale. Showing you how to analyze deals and what to look for. This is great, keep the content coming.
Yo for real, Ben JR. is a fucking under utilized asset to this channel. We know he’s working hard behind the screen, but he’s fucking hysterical. Him and Vincent.
Man Ben Jr is like a teacher here.Really like how he breaks down the entire deal in a simple and easy way to understand, plain speaking and truth.I love it.Keep up the good work.
Ben Jr! Not only do you have a ton of knowledge, but you're effective at communicating it in a straightforward way that's easy for anyone to digest. Awesome episode.
I owned an apartment complex just like that, a converted motel. It was horrible! Tenants always moving out and in. The type of tenant that is ok with 500 sq ft often move around a lot and leave a major mess on their way out. I think you saved yourself from a headache.
@@novascotianexplorer9154 yeah best case you have a bond on something like that so you'll get paid something whenever it matures. Otherwise the deposits are too low to ever collect
15:00 Right here. Running the numbers is the most important thing, most important is how low an occupancy rate you can have and actually pay all the bills. AC/Heat has to be paid in full regardless of whether every unit is full, or you only have a single tenant. The price of gas per therm in Chicago jumped 100% from Jan 2021 to Jan 2022. Guess who's on the hook to pay twice as much for gas regardless of how many tenants are paying rent???
Great great explanation from Ben at the end. Visiting the property asking the right questions and running the numbers. Masterclass in deal evaluation from Ben Jr. Please more videos like this.
Great stuff Ben Jr. Really enjoyed your part in the live stream cast. I love your dad for laughs but you really explain it well from everything you learned from the old man. Keep it up.
Very informational. Ben Jr does such a great job of explaining his thought process and you can see his experience when inspecting the property. We need more videos like this.
WOW LITTLE BEN KILLED THIS.. amazing content .. dude the way you broke down the whole transaction or deal I should say, was impeccable. amazing . well done I hope to work with you guys in the Future. so much knowledge and incite in this video!
Jr almost lost me in the begining with the exaggerated laughter,excitement , loudness but he turned it around later on. Just be yourself in the videos. The channel works cause everyone has a slightly different personality flavor, don't need to see 5 Bens. Gave you the Like, can't wait for the next video.
I love this kind of analysis of the pro forma of properties. I would love to see Ben Jr. do more videos like these for properties Equity Property Management already owns, or a video explaining how to set up an excel sheet like this.
Someone poured a thin set at the terrace and no that’s not a surface crack that’s a joint cut to allow it to stretch and not crack over time. They did a good job
I’m sure Ben knows what the difference between an expansion joint and surface cracks are. I just don’t believe he zoomed in on the surface cracks so they were invisible in the video.
You are correct guy, but the thing he was talking about is on the lower part, it is not the sidewalk crack (purposely put into it) he is talking about the other crack that is from expansion caused to the concrete from expanding from heating and cooling outside in the weather there. Everyone learns about that when they are kids skateboarding in florida and ask their parents about the cracks and why they are there to slow down your skateboard ha.
besides adding a change machine to the laundry, you could also add detergent dispenser. Another opportunity to bring in more revenue. Lot of wasted space in the laundry room as well, think vertically, get rid of those top loading washers. Pack the room floor to ceiling, and see your revenue double.
Very good episode. Multi-Family that was converted from Hotel/Motel is always a hard sell since it is not visual appealing. You can tell by the type of tenants as well it does not attract good ones. Would stay away from that here in Toronto
That shit really made my day; I laughed my ass off. If anyone can make private air travel seem so inconvenient vs a shitty Spirit flight, it's the Mallah's. Love these guys.
Ben Jr is the man!!!For me this is the most informative video you guys have put out, I see a lot of deals like this and they just don't make sense in so many ways, I would imagine insurance would be prohibitively expensive for a small owner as opposed to a portfolio owner.. keep up the good work guys
Just found your channel. Love the energy. You are one of those guys in business who doesn't bullshit, and I can tell anyone who works with you appreciates the authenticity while doing good business.
17:05 not sure if I quite followed here. So we're saying 19k/month income after expenses, 228k/year income. At 5M purchase, 228k/5M = 4.5% cap. Did I miss something? Seems to me the purchase price needed to be closer to 3.3M to be a 7% cap.
Not every tour results in a sale. Great tip about avoid getting into a bidding war with a local group, and since they’re close they can overlap employees.
Hey Ben Jr., I'd love to get your excel spreadsheet if you're willing! I'd really appreciate to see your full breakdown of everything you take into account! 🙏
40,000 likes all in one. I wish. Love the videos. Mainly glad how detailed and real life the deal making is when you acquire a property and explain through the deal as if we would be buying the property and what we should do In these real life scenarios that you practice daily.
Hey Ben I'm stuck here in Australia and property prices are going crazy but I don't have the money to invest if you want to supply the money I'll do the work and I get 29%of the profit or if you don't seem the profit margin enough I'll work for nothing just to prove a point love your shows love your attitude love Ben Mullahs way
4.5 cap is insane, although I guess with the 10 year at 1.5 its not surprising. I would be really hesitant to take on lower end stuff like that with a Blue Chip cap rate.
5:45 shows how smart Jr actually is. He’s holding a conversation and talking to the camera but handling another train of thought at the same time, you can see him notice the office and ask a important question right after.
More content like this you'll have millions of subscribers. Ben Sr is great but he's done grinding so it's more entertainment than education. Ben Jr got 30 years in front of him, let's watch him grind.
@@rubiks15 it's called gorilla sales my man. There was a guy that did the very thing in Provincetown in cape cod. He got fined out the ass, but the community loved his cupcakes and helped raise money for him to get a location. Gotta risk it for the biscuit.
@@stevenwang7850 That's all well and good but it doesn't do shit for the landlord. Tenants won't pay more rent bc you allow food trucks. In fact, many tenants will be irritated bc so many people will loiter around the trucks, talking loudly, eating, making noise, drinking, etc. You should risk it to become successful but it doesn't do shit for a landlord.
Man, it’s really sad seeing how life actually works. Someone with a mansion and multiple properties is talking about increasing profit margins from its tenants. It’s crazy how the tenants pay off the entire cost of the building and then create enough profit to buy more buildings and then at the end of the day have zero ownership. Even more crazy when a building is bought with loans and then the tenants pay for the loan and still generate profit
This was my takeaway. Them talking about extracting more profit from these older vet tenants by shifting the burden of utilities onto them when they’re already probably living paycheck to paycheck…. fucking brutal. And for what? Numbers go higher and they can buy more toys they don’t need
What is the incentive to own rental properties if not make a profit? He has his money and or credit tied up in that. He could put that money in the stock market.or anything else. These “exploited people” could pool their money and buy the complex? Or does any mouthbreather deserve a place to live for free? Why stop at free housing ? Why not free food, free vehicles, free electronics, free drinks, free hookers, free drugs. Fuck it.
@@markercrayola518 Yeah, free places for people to live and free hookers are definitely the same thing, solid argument. Raising rent on properties to increase a profit margin when you already live in a mansion is cruel.
@@markercrayola518 a group of working class people can not pool their money together to buy an apartment complex. First off, you need capital to begin with in order to buy more capital. Secondly no one said free housing. I clearly said, people pay rent to the point in which they cover the whole entire cost of the building plus more. Im pointing out the obvious unfairness that the only way to get rich is by being already rich and using lower class citizens to get that money. A solution would be selling each apartment unit to the renter. Basically more condominiums but smaller and cheaper ones. Companies don’t do that because they earn more money off of apartments. But huge miss conception is that banning someone from extreme profits = no profits. A company can sell its apartments as condominiums and still make profit, not enough to buy multiple mansions but enough to pay debts and continue building.But that will never happen because people like you and many others who refuse to want any change beneficial to all. It is economics 101 that having huge class gaps is not sustainable in the long term. We are now at a point of no return, in which people buy housing for investment only, at a point in which new home constructions are destined to be empty boxes, at a point in which a huge economic crash is coming down and it’s inevitable
You guys definitely need a Praetor 600 jet. Its a little big for short haul but that thing is the deal of the century! Can't get anything else close unless you double the price tag. Hire it out when you don't use it like real estate should be easy work for you guys. Love the videos keep them coming.
@@mathiaslimbodal667 it's so much plane for the money. Would use the banks money and only put down a small percent then hire it out when not using it. They would all fit nicely The jet always has residual value after. 18 million is just a price tag not what you actually pay out your pocket.
@@TCsHouse You can depreciate it over several years also. Must be loads of clever ways to own a jet without having to pay full wack up front for everything. It has the ability to nearly cover its own cost if you can hire it out surely. Not that I would know! Big risk. Small reward for airlines but private jets have much bigger profit margins I presume.
And imagine how many families it would help if those 100 appartments were for benefiting others (like has been done in the past), instead of a greedy man feeding his endless money cravings, before he dies and finishes his meaningless life? How did this crap get in my feed?
Get Ben on the phone and Consult with Ben benmallah.com/product/consult_with_ben/ Smash the Like button to film next deal and make some MONEY BABY.
🇺🇸🇺🇸💖🏳️⚧️🦇♟🌿🎁👍🏿
We don’t you guys just start from fresh buildings you control everything and it’s all new from the start ? Just qurious
Paula the. Pelican
Shvatza the Pelican .
You guys need new pilot he play to many games. That’s how Kobe died just fly the plane the way it supposed to be flown
Ben Jr knows his stuff. We need to see more of him. His level of knowledge is motivating to watch.
He knows Pedro 😂
Ben Jr. is already acting just like big Ben lol
Facts
@@Godfly No hate on Ben but Ben Jr is smarter and more serious then Ben lol
For real
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
She’s Rebecca Noblett Roberts, and do your own research. She has portfolio management down to a science
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 resume.
Can't even explain how much I love the mix of Big Ben and Ben Jr. doing their own thing on these videos. Keep these coming!
100%
Same. This was amazing
His knowledge is invaluable. That airplane ✈️ jumping around tho 💁🏾♂️
I really love when Junior is on and speaks . He's so damn cool and good at what he does. Very smart man, tough from an extremely smart father. Love junior.
Junior will be a billionaire quicky.
Ben Jr is starting to have alot of his dads mannerisms and it’s so funny
The blinds part was hilarious
Seriously, the info these dudes give out for free in these videos is ten times better than what some "gurus" charge big dough for.
It’s because most of the gurus out there dont do jack in the real world, their income is from being a “guru”, meanwhile the Mallah’s walk the talk.
I was about saying that lols
I agree, but only disagree that it'd be *most* of those "gurus" hahaha
@@chinadashauthority65 true, like this guy goes out and shows us him actually scouting, adding up numbers, and seeing the final deals. most other gurus are all talk and only tak about their experiences never showing proof.
They get paid in monetization
We need more of this. Back to the basics just like the original Life for Sale. Showing you how to analyze deals and what to look for. This is great, keep the content coming.
I am blown away how much info in owning real estate goes into these videos for... free. Very educational.
I’ve been watching for years and years and know exactly how it’s done but I don’t have the cojones to do it.
AMAZING VIDEO!! I really loved this one. Thank you for showing the spreadsheet at the end.
He knows his stuff thats for sure!!
Yo for real, Ben JR. is a fucking under utilized asset to this channel. We know he’s working hard behind the screen, but he’s fucking hysterical. Him and Vincent.
You can tell Ben has passed everything he knows onto Jr. Love to see it.
Why don’t you tell him?!
Weight and all!
@@GunGlutton Greatest comment of all time, you are a genius
Hes sect as well..😉
Facts !
Man Ben Jr is like a teacher here.Really like how he breaks down the entire deal in a simple and easy way to understand, plain speaking and truth.I love it.Keep up the good work.
Ben Jr! Not only do you have a ton of knowledge, but you're effective at communicating it in a straightforward way that's easy for anyone to digest. Awesome episode.
More Ben Jr! He is so knowledgeable and good at explaining things
I owned an apartment complex just like that, a converted motel. It was horrible! Tenants always moving out and in. The type of tenant that is ok with 500 sq ft often move around a lot and leave a major mess on their way out. I think you saved yourself from a headache.
I agree. I'd never buy that place. Too many headachs from low quality tenants
But if they break the lease u get to keep the deposit
@@mchief786 hahah the type of tenant you have doesn't have enough to pay a large deposit. I was charging $50-100 for a deposit.
@@novascotianexplorer9154 yeah best case you have a bond on something like that so you'll get paid something whenever it matures. Otherwise the deposits are too low to ever collect
@@mchief786 small deposits, and mess on the way out doesn't translate to gains. Losses.
Waaay better than car videos we've been getting! This was like a free class, taught by a pro! Priceless!!! Please keep more of these coming
Love the car videos as well to be fair. Good to have variety on a channel.
Great, simple explanation.
Old saying in R.E. "The numbers don't lie"
Some of the best videos on RUclips are from Ben Mallah and team
Glad to know Ben Jr knows his stuff and isn’t gonna leave your name in the dirt when you eventually pass, Ben.
Ben Jr definitely got the Mallah genes
ben triple jr can be like that dubai money kicks guy
Ben Jr is the real deal as well. Good shit Ben!!!
The level of value Ben Jr provides is ridiculously amazing! Great Vid Ben Jr.
we need more ben jr . this guy knows how to narrate his play by plays
He thinks like Donald J Trump 💯
@@briandouglas8311 oh god Donald trump doesn’t even think 😂😂
True man. He’s also funny as whell
15:00 Right here. Running the numbers is the most important thing, most important is how low an occupancy rate you can have and actually pay all the bills. AC/Heat has to be paid in full regardless of whether every unit is full, or you only have a single tenant. The price of gas per therm in Chicago jumped 100% from Jan 2021 to Jan 2022. Guess who's on the hook to pay twice as much for gas regardless of how many tenants are paying rent???
Love how Ben Jr went over all the numbers in excel! Love seeing his thought process
Please do more of this! Best episode yet for people getting into property management. Great job Ben Jr!
Excellent explanation. Ben should be proud of you and how you understand the business. greetings from Argentina , where our cap rate is 1-1,5% :(
It’s because of your inflation right. The point is not to make money to but keep it right?
@@theAppleWizz not really. Devaluation is the most important problem.
@@geronimomessineo6291 what do you mean with devaluation?
@@theAppleWizz their coin is so devaluated its not even worth piss in other countries, they cant save pesos, they need the greens to invest and grow.
@@theAppleWizz Similar to what Clueless Joe's doing by printing money.
It devalues the currency.
Jr explains things so much better and in detail. Love watching him in action +1 like.
Damnit what a life!! I love this man, he does what the hell he wants and never apologizes.
Great great explanation from Ben at the end. Visiting the property asking the right questions and running the numbers. Masterclass in deal evaluation from Ben Jr. Please more videos like this.
The way Ben Jr. explains how the breakdown works is amazing thanks for the knowledge.
Great stuff Ben Jr. Really enjoyed your part in the live stream cast. I love your dad for laughs but you really explain it well from everything you learned from the old man. Keep it up.
Need more Ben Jr, he's great on camera. Himself and his dad keep it 100!
Great informational video
Lucky to have Ben as a dad
Very informational. Ben Jr does such a great job of explaining his thought process and you can see his experience when inspecting the property. We need more videos like this.
WOW LITTLE BEN KILLED THIS.. amazing content .. dude the way you broke down the whole transaction or deal I should say, was impeccable. amazing . well done I hope to work with you guys in the Future. so much knowledge and incite in this video!
Jr almost lost me in the begining with the exaggerated laughter,excitement , loudness but he turned it around later on. Just be yourself in the videos. The channel works cause everyone has a slightly different personality flavor, don't need to see 5 Bens. Gave you the Like, can't wait for the next video.
Ben Jr. is a smart guy and good with people.
Thank you I really enjoyed it super motivating
I love this kind of analysis of the pro forma of properties. I would love to see Ben Jr. do more videos like these for properties Equity Property Management already owns, or a video explaining how to set up an excel sheet like this.
That was a sick episode Ben. I hope Big Ben enjoyed his annual leave from filming. 😂 keep em coming 😎
man I can't stress enough how much we learn from little Ben videos thank you so much
I like Jr's approach. He's way more informed that papa gives him credit for.
Jr at the end was dropping KNOWLEDGE!
Someone poured a thin set at the terrace and no that’s not a surface crack that’s a joint cut to allow it to stretch and not crack over time. They did a good job
I’m sure Ben knows what the difference between an expansion joint and surface cracks are. I just don’t believe he zoomed in on the surface cracks so they were invisible in the video.
The surface crack he was looking at was right next to to the joint cut
You are correct guy, but the thing he was talking about is on the lower part, it is not the sidewalk crack (purposely put into it) he is talking about the other crack that is from expansion caused to the concrete from expanding from heating and cooling outside in the weather there. Everyone learns about that when they are kids skateboarding in florida and ask their parents about the cracks and why they are there to slow down your skateboard ha.
besides adding a change machine to the laundry, you could also add detergent dispenser. Another opportunity to bring in more revenue. Lot of wasted space in the laundry room as well, think vertically, get rid of those top loading washers. Pack the room floor to ceiling, and see your revenue double.
I like that, think vertically. Its like selling by the square foot but on the walls.
And coke and snack machines
I always liked Ben JR , hope to see more of you and also together with your father! Thx for the wisdom!
Ben jr has really came out of his shell. He's next to shine
Lil Ben is walking in thoose big shoes now!!! Hes kicking ass!!
Very good episode. Multi-Family that was converted from Hotel/Motel is always a hard sell since it is not visual appealing. You can tell by the type of tenants as well it does not attract good ones. Would stay away from that here in Toronto
I love y’all and what you do. Make the audience feel like family ❤️
That shit really made my day; I laughed my ass off. If anyone can make private air travel seem so inconvenient vs a shitty Spirit flight, it's the Mallah's. Love these guys.
Lil Ben is awesome!! Whole family is inspiring 😁🤗
Ben’s vids are nuts sometimes but always worth watching. I always learn something.
What a great episode ! I love this shows the numbers
You guys are the absolute best. Thanks for the continued inspiration.
Ur welcome / Ben's stepson
Ben Jr is the man!!!For me this is the most informative video you guys have put out, I see a lot of deals like this and they just don't make sense in so many ways, I would imagine insurance would be prohibitively expensive for a small owner as opposed to a portfolio owner.. keep up the good work guys
Thank you for the run down. Lots of knowledge picked up on this video. Top Tier.
Just found your channel. Love the energy. You are one of those guys in business who doesn't bullshit, and I can tell anyone who works with you appreciates the authenticity while doing good business.
WE WANT MORE VIDEOS BEN & RAFAL!!
17:05 not sure if I quite followed here. So we're saying 19k/month income after expenses, 228k/year income. At 5M purchase, 228k/5M = 4.5% cap. Did I miss something? Seems to me the purchase price needed to be closer to 3.3M to be a 7% cap.
Ya im confused to
yes, this seems a mistake on hispart, Rafal, please find out, this is important
yep i got 4.6 cap,
I think 50k expenses is not correct. As Big Ben said 50% of income goes to expenses. But in his calculation it is 72%.
Ben Jr the lawn care expert - talk about that green grass ha ha!
I peeped the excel sheet. Now I grow stronger 💪🏽
Wow! Be Jr. is all business. No fuss and no side talk. Love that kind of content.
Not every tour results in a sale. Great tip about avoid getting into a bidding war with a local group, and since they’re close they can overlap employees.
Ben Jr flying private in a plane with no A/C 😂😂😂
Hey Ben Jr., I'd love to get your excel spreadsheet if you're willing! I'd really appreciate to see your full breakdown of everything you take into account! 🙏
Seconding this Ben Jr. Can you upload your pro forma spreadsheet on the website?
More of Ben Jr dropping gems please it’s the best content you’re making
Little Ben sounds just like Big Ben the apple doesn't fall far from the tree!!❤
40,000 likes all in one. I wish.
Love the videos. Mainly glad how detailed and real life the deal making is when you acquire a property and explain through the deal as if we would be buying the property and what we should do In these real life scenarios that you practice daily.
Hey Ben I'm stuck here in Australia and property prices are going crazy but I don't have the money to invest if you want to supply the money I'll do the work and I get 29%of the profit or if you don't seem the profit margin enough I'll work for nothing just to prove a point love your shows love your attitude love Ben Mullahs way
I’ll invest I’m in Sydney
RBA will be going higher with rates soon mate just you watch, hope you have good cash and a solid job. Get ready to pounce.
Stop investing in real estate in Australia , invest in cows... a cow generates the same annual turnover as a rented studio! (in Canada).
This is absurd - so huge country and property prices are crazy even with that :O
@@Saeglopur89 Most of Australia is uninhabitable other than coastal cities.
Freaking loved the proccess... Ben Jr. DO KNOWS his craft. I got a lot to learn.
I'd really like to see more videos like this. This level of knowledge is what I need. Thanks guys
A great learning example, knowing when to walk away from a deal even if it cash flows
We're at 40K likes Ben Jr, would love to see another similar video! Who's with me?
Ben Jr gonna be running the family empire to new heights. Super knowledgeable and just like his father.
This dude's son is one hell of a hard worker. Mad respect too him.
Ben Jr. is awesome also, he has so much knowledge. Experience is a good teacher, he intuitively knows things.
4.5 cap is insane, although I guess with the 10 year at 1.5 its not surprising. I would be really hesitant to take on lower end stuff like that with a Blue Chip cap rate.
So fascinating. I wish I had my Grandfather here to teach me today what he did in the 90s. He was a lot like you, Big Ben.
5:45 shows how smart Jr actually is. He’s holding a conversation and talking to the camera but handling another train of thought at the same time, you can see him notice the office and ask a important question right after.
Agreed Ben Jr. is smart, some people just live off their parents back! He also brings substance to the table.
Hey I need you guys to do more videos on smaller projects like 4 family houses or 6 families so we can learn the process of getting bigger and bigger.
More content like this you'll have millions of subscribers. Ben Sr is great but he's done grinding so it's more entertainment than education. Ben Jr got 30 years in front of him, let's watch him grind.
Come on Ben Jr don't take away peoples grills
Honestly at this point I won't mind if Ben Jr takes over this channel. He is truly the one successor of Ben.
No too early, Ben needs to be the main guy on this channel, but nonetheless we need more content from Lil Ben and Vincent too
Easy there tiger, let's enjoy Ben Sr while we still got em. They should both make vids regularly
This is just the kind of content this channel needs. Shit for the real nerds... Hard number and real examples. Thank you!
Thanks for the great explanation. I live in Lake City, too, coincidentally. Keep the great videos coming, Jr.!
Hey Ben, why dont you lease out your parking lot to food truck vendors for your tenants as a value add? Love the show, thanks.
@@rubiks15 Believe me, most of florida allows taco trucks, even without a permit until someone gets sick or reported for unclean food stations.
@@rubiks15 it's called gorilla sales my man. There was a guy that did the very thing in Provincetown in cape cod. He got fined out the ass, but the community loved his cupcakes and helped raise money for him to get a location. Gotta risk it for the biscuit.
@@stevenwang7850 That's all well and good but it doesn't do shit for the landlord. Tenants won't pay more rent bc you allow food trucks. In fact, many tenants will be irritated bc so many people will loiter around the trucks, talking loudly, eating, making noise, drinking, etc.
You should risk it to become successful but it doesn't do shit for a landlord.
Parking is usually at a premium in my experience. Often don't have the extra space.
You got your 40k likes lol
Man, it’s really sad seeing how life actually works. Someone with a mansion and multiple properties is talking about increasing profit margins from its tenants. It’s crazy how the tenants pay off the entire cost of the building and then create enough profit to buy more buildings and then at the end of the day have zero ownership. Even more crazy when a building is bought with loans and then the tenants pay for the loan and still generate profit
This was my takeaway. Them talking about extracting more profit from these older vet tenants by shifting the burden of utilities onto them when they’re already probably living paycheck to paycheck…. fucking brutal. And for what? Numbers go higher and they can buy more toys they don’t need
That's why I'll never be rich. I can't purposely fuck over that many people who are just trying to get by in life.
What is the incentive to own rental properties if not make a profit? He has his money and or credit tied up in that. He could put that money in the stock market.or anything else. These “exploited people” could pool their money and buy the complex? Or does any mouthbreather deserve a place to live for free? Why stop at free housing ? Why not free food, free vehicles, free electronics, free drinks, free hookers, free drugs. Fuck it.
@@markercrayola518 Yeah, free places for people to live and free hookers are definitely the same thing, solid argument. Raising rent on properties to increase a profit margin when you already live in a mansion is cruel.
@@markercrayola518 a group of working class people can not pool their money together to buy an apartment complex. First off, you need capital to begin with in order to buy more capital. Secondly no one said free housing. I clearly said, people pay rent to the point in which they cover the whole entire cost of the building plus more. Im pointing out the obvious unfairness that the only way to get rich is by being already rich and using lower class citizens to get that money. A solution would be selling each apartment unit to the renter. Basically more condominiums but smaller and cheaper ones. Companies don’t do that because they earn more money off of apartments. But huge miss conception is that banning someone from extreme profits = no profits. A company can sell its apartments as condominiums and still make profit, not enough to buy multiple mansions but enough to pay debts and continue building.But that will never happen because people like you and many others who refuse to want any change beneficial to all. It is economics 101 that having huge class gaps is not sustainable in the long term. We are now at a point of no return, in which people buy housing for investment only, at a point in which new home constructions are destined to be empty boxes, at a point in which a huge economic crash is coming down and it’s inevitable
Good one Ben Jr!
I've binge watched probably 30 episodes of you guys this week.
You guys definitely need a Praetor 600 jet. Its a little big for short haul but that thing is the deal of the century! Can't get anything else close unless you double the price tag. Hire it out when you don't use it like real estate should be easy work for you guys. Love the videos keep them coming.
Why. it costs 18 million plus upgrades. he was happy with a baron 58 until he tipped it. Cessna cj3-4 fits better
@@mathiaslimbodal667 it's so much plane for the money. Would use the banks money and only put down a small percent then hire it out when not using it. They would all fit nicely
The jet always has residual value after. 18 million is just a price tag not what you actually pay out your pocket.
If they can’t find their 1031s then I’m sure one of the first expenses will be a bigger jet
@@TCsHouse You can depreciate it over several years also. Must be loads of clever ways to own a jet without having to pay full wack up front for everything. It has the ability to nearly cover its own cost if you can hire it out surely. Not that I would know! Big risk. Small reward for airlines but private jets have much bigger profit margins I presume.
I love Ben Jr. giving me all the details and knowledge I need to know to buy rental property
And imagine how many families it would help if those 100 appartments were for benefiting others (like has been done in the past), instead of a greedy man feeding his endless money cravings, before he dies and finishes his meaningless life?
How did this crap get in my feed?
Dude, u got such a nice house. thumbs up to the first owner/builder, really a beauty
This is one of the best videos they’ve put out.