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?
@MaryLawson874 It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@@roxdietren There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Claire Robert's Durand for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Can you please make a video talking about the interest rates on hard money loans? You don’t include the other fees when talking about your brrr model hard money loans
Interest rates are like 11-15% they also have like closing fees, admin fees, etc. Maybe like 1-5k in fees. After that you just have your monthly payment like 1100-2000 or so and later you close. Some lenders will charge a 125-300 fee for each inspection during the draw period. Overall, it's not that bad
I wonder how many of his students are now upside down because they fell for these BS. Unemployment and layoffs are exploding. Finding tenants Is also becoming a problem.
Your never garunteed tomorrow. You can invest for years, living frugally, not enjoying ypur money, to hope for a richer future. Thach's kids would be in their late twenties by now, have grandkids, had thach started a family earler, but chose to keep buying houses. Theres always a opportunity cost.
It would have been more beneficial to tear down the old house and build a multi-unit rental. This would keep rental prices reasonable, more units=more tenants. A win for the investor and tenants would have disposable income to build wealth and not be lifetime renters.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
People need to stop agreeing to paying these exorbitant rent prices. Their tenants will be lifetime renters with very little disposable income to invest and grow wealth. SMH 🤦♀️
Debt is the currency of slaves. Pretty sure you run these numbers out he is losing on these deals. To take out over 1.5 million dollars in DEBT to generate $1400/month cash flow is beyond absurd. Wake up
I been wanting to start but dont have the money wish a investor would help me i dont even have the money to pay rent late 2months 😢😔 dont have experience i work cleaning and not much work hope someone would give me a hand from Texas:lorena
Great Job especially husband and wife team. Thanks Thach.🤝🏽🤝🏽
Thanks for sharing!
Luv your videos 💯💯 Keep Crushing it 💯
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?
@MaryLawson874 It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@@EdmundEthan093 this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@@roxdietren There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Claire Robert's Durand for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@EdmundEthan093 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Can you please make a video talking about the interest rates on hard money loans? You don’t include the other fees when talking about your brrr model hard money loans
Interest rates are like 11-15% they also have like closing fees, admin fees, etc. Maybe like 1-5k in fees. After that you just have your monthly payment like 1100-2000 or so and later you close. Some lenders will charge a 125-300 fee for each inspection during the draw period. Overall, it's not that bad
How do u buy a property with no credit and income statement?
Money laundering for a cartel
You use private lenders who can manually verify your financial situation
Why dont you share the address to check the accuracy of the video.
Find a real estate investor group where you live. This is happening all over the country
Because it's not really necessary. Most of this information is correct. Disclaimer: I own property
Not a lot of guys sitting on roughly 100k to buy and invest like that. But all of this is doable, just time and patience.
You could do it in a cheaper market with closer to 30k if you buy and fix up
👏🏻👏🏻👏🏻
So for the adu there is no mortgage?
He is only considering the heloc payment😮
3500 heloc. .4000 rent . Covered
I wonder how many of his students are now upside down because they fell for these BS. Unemployment and layoffs are exploding. Finding tenants Is also becoming a problem.
Your never garunteed tomorrow. You can invest for years, living frugally, not enjoying ypur money, to hope for a richer future. Thach's kids would be in their late twenties by now, have grandkids, had thach started a family earler, but chose to keep buying houses. Theres always a opportunity cost.
I didn't know Forest Gump was a builder.
It would have been more beneficial to tear down the old house and build a multi-unit rental. This would keep rental prices reasonable, more units=more tenants. A win for the investor and tenants would have disposable income to build wealth and not be lifetime renters.
Probably its not zoned for that. The whole neighborhood is sfh, with allowable dadu in the backyard.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Stephanie Aaron Trentham
This is correct, Stephanie strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
People need to stop agreeing to paying these exorbitant rent prices. Their tenants will be lifetime renters with very little disposable income to invest and grow wealth. SMH 🤦♀️
Debt is the currency of slaves. Pretty sure you run these numbers out he is losing on these deals. To take out over 1.5 million dollars in DEBT to generate $1400/month cash flow is beyond absurd. Wake up
I really feel like these young Asian folks (still can’t tell if she’s his mom or girlfriend) are trust fund/rich parent babies.
He held an asset during record inflation. Nothing special here.
I been wanting to start but dont have the money wish a investor would help me i dont even have the money to pay rent late 2months 😢😔 dont have experience i work cleaning and not much work hope someone would give me a hand from Texas:lorena
Talk to 10 real estate agents every day. Until you find someone doing it.
Be ready to work for free (as your investment)
The answer is no