Tom has to be one of the most pleasurable people to do business with. Very professional and thorough and from buying a house to selling a house to investing with his estate firm. it’s been quite a smooth transition. Bradley has definitely become a friend and I would recommend him to anyone buying or selling or investing
Closing on my 1st this month with a partner. Duplex in a C+ neighborhood, 1082 mortgage with 2300 in rents. 401k hit an all time high so borrowed from that for my portion of the down payment.
I'm now just able to start saving money. HVAC, plumbing, a new roof, and car troubles wiped me out. Lessons learned: seed money is an amount above your emergency fund.
I’m trying to become a new investor but I still can’t find any decent deals in the northern NJ area it’s really hard out here to find any affordable deals
Yeah I think even if I had cash with a syndication I'd never pay over 100k a door for a multi family. Not unless the door made 2000 a month.... That's just to expensive for something that always has problems.
How do you justify low return to and get investors sold when there are attractive risk-adjusted returns provided by other investment alternatives in this high rate environment? Real estate was traditionally sold as an inflation hedge but what is happening is opposite that.
Had the same problem but now I'm set to buy. A market coach [epicgirlamanda] helped me grow my portfolio up to x5 of what it was before . She was very transparent, all she did was tell me what to do and when to do it without having access to my wallet. Everything was done in my wallet without me paying a dime anywhere, its crazy. TH-cam won’t let me post her site here. To access her site,-
So i have a minimum clear profit per month number of 10k i am looking to get, my question is should i be looking at single family, multi family, multi family commercial or commercial? for context i will be working out of northwest ohio near Toledo and will have about 50k startup available to me right away and my intention is too brrrr or buy and hold as a rental.
I value all your information you put out there Grant! I do want to learn the Real Estate Business the way You play it! Just wish I knew this years ago! What does one do to get in that game if Im already close to 50 and lived most of my life working and house poor?
He mentioned finding a 10 units for $500? Lol, I'm in SoCal.. can't even find a hole in a wall for $500. A 600 s/f condo will run you $600k, and that's in a terrible neighborhood.
There is always a starting point, if it’s saving up then it’s saving up, if it’s learning, if it’s doing more research then more research. I’m currently thinking of ways to raise capital. For example at my work place I think I’m going to buy a vending machine. Also making some wood working projects like coffe tables. I go online and see how much they go for and TH-cam has taught me a lot about kinds of wood and ways of assembling. The APR will go down little by little so we still have time to ride this train… if you have to change habits in eating out. Write down your expenses, write down how much you make every week or if you can make more. $125 a week X 4 weeks is $500 a Month that’s 6K a years.
Mortgage rate higher than cap rate sounds a lot like: Stop buying properties to turn other people’s human need for shelter into your personal income. It sounds a lot like people are going to be able to afford their own homes when “investors” stop eating the supply.
But the problem is you and everyone else is stacking cash and waiting for the deals. So I think there’s still going to be a ton of competition unfortunately.
@@CoffeeAndBusiness The investors I've spoken to are still buying now. When the market is better there will be lots more wanting to buy. It sucks. I too wish I could have purchased lots more a couple years ago.
@@Ghost-yf2fh I'm locked and loaded if something decent comes on the market. I'm on TOP of everything that gets listed! So I'm ready to rock and roll if things start popping!
Cap rates measure NOI. All the 5% cap rate means is that you are paying $20 per possible NOI dollar. V=i/r $20=$1/5% If the "spread was REAL then buying Detroit at a 10 cap when interest rates are 7% would make that market a deal! LOL Also there is no such thing as a leveraged cap rate. You have been taught incorrectly. The cap rate (the value of NOI) is exactly the same if you pay cash or finance 100%.
![PURPEECH - นี่ฉันเองคนที่... (It's me) [Official MV]](http://i.ytimg.com/vi/NuhHd0hOOg8/mqdefault.jpg)
Tom has to be one of the most pleasurable people to do business with. Very professional and thorough and from buying a house to selling a house to investing with his estate firm. it’s been quite a smooth transition. Bradley has definitely become a friend and I would recommend him to anyone buying or selling or investing
Closing on my 1st this month with a partner. Duplex in a C+ neighborhood, 1082 mortgage with 2300 in rents. 401k hit an all time high so borrowed from that for my portion of the down payment.
how did u find out the neighborhood was a C+?
I'm now just able to start saving money. HVAC, plumbing, a new roof, and car troubles wiped me out. Lessons learned: seed money is an amount above your emergency fund.
Mindset, networking and capitalizing on opportunies is the GOAL FOR 2023!! Great video guys :)
There's always a lot to learn on your podcasts!
Does the 2/20 rule still work in this market if raising capital? How can you justify a 2% when real returns are so low?
Matt! You nailed that intro buddy. Nice job
I’m trying to become a new investor but I still can’t find any decent deals in the northern NJ area it’s really hard out here to find any affordable deals
Just start and get good at 1 thing
Yeah I think even if I had cash with a syndication I'd never pay over 100k a door for a multi family. Not unless the door made 2000 a month.... That's just to expensive for something that always has problems.
Thanks to both of you for sharing your knowledge.
How do you justify low return to and get investors sold when there are attractive risk-adjusted returns provided by other investment alternatives in this high rate environment? Real estate was traditionally sold as an inflation hedge but what is happening is opposite that.
If interest rates are higher than the cap rate, use a graduated rate or lender equity participation.
These guys did a great job!
Been hoarding cash for this opportunity I’m ready
Thanks for all the pearls of wisdom you gave!
In the northeastern states the year doesn’t matter, it’s how you finish it of and neighborhood
Love the info! Here’s to 2023!!
Thanks guys. So, are you saying, even though cash flow is a problem, buying now is good because of how low you can acquire?
Had the same problem but now I'm set to buy. A market coach [epicgirlamanda] helped me grow my portfolio up to x5 of what it was before . She was very transparent, all she did was tell me what to do and when to do it without having access to my wallet. Everything was done in my wallet without me paying a dime anywhere, its crazy. TH-cam won’t let me post her site here. To access her site,-
-make sure to add .info beside her name
@@PeytonSolso 🧢
After 7m now the market cap rate is still horrible
Indianapolis IN commercial hard money lenders?
Is it best to hold long term? Or take advantage of some astronomical equity in a short period of time?
So i have a minimum clear profit per month number of 10k i am looking to get, my question is should i be looking at single family, multi family, multi family commercial or commercial? for context i will be working out of northwest ohio near Toledo and will have about 50k startup available to me right away and my intention is too brrrr or buy and hold as a rental.
Run the numbers and figure out what you need...
Thanks for that reply😒
Is this approach not for cash buyers?
David is missed but this duo is pretty cool.
I value all your information you put out there Grant! I do want to learn the Real Estate Business the way You play it! Just wish I knew this years ago! What does one do to get in that game if Im already close to 50 and lived most of my life working and house poor?
Gotta see more of your guys content
The point made at 4:00m is so important
He mentioned finding a 10 units for $500? Lol, I'm in SoCal.. can't even find a hole in a wall for $500. A 600 s/f condo will run you $600k, and that's in a terrible neighborhood.
Man replys like this drive me nuts! Obviously he's not talking about so cal. He's just saying a great deal for whatever area your in.
Just wait until the last person moves out of Marxist CA. Plenty of deals.
🤣🤣
this was such a great session
Yeah can't wait for the great re-session.
Is it smart to use the high interest to make low offers on property then refinance in a few years?
U guys are awesome
Do more matt and andrew episodes multifamily rules😎💯👌
Lots of value bombs in this one👍
Very exciting times 🎉
I have no money to even buy the first home 💀
There is always a starting point, if it’s saving up then it’s saving up, if it’s learning, if it’s doing more research then more research. I’m currently thinking of ways to raise capital. For example at my work place I think I’m going to buy a vending machine. Also making some wood working projects like coffe tables. I go online and see how much they go for and TH-cam has taught me a lot about kinds of wood and ways of assembling. The APR will go down little by little so we still have time to ride this train… if you have to change habits in eating out. Write down your expenses, write down how much you make every week or if you can make more. $125 a week X 4 weeks is $500 a
Month that’s 6K a years.
Checkout Brandon’s book about buying property with little to no money down. All sorts of loans and options. You can do it you just gotta find out how.
I love David and Rob. Don’t get me wrong. However, it is great to see other people running the show from time to time. Still love David and Rob.
@BiggerPockets do you accept unaccredited investors to invest with you?
Hi B M was BP able to answer your question? Our team accepts non accredited investors
@@Victoria_Isabel_Hernandez they didn't. My funds are in another opportunity, thanks
im a big fan of the biggerpockets podcast i always look forward to ur guys vids
Mortgage rate higher than cap rate sounds a lot like: Stop buying properties to turn other people’s human need for shelter into your personal income. It sounds a lot like people are going to be able to afford their own homes when “investors” stop eating the supply.
I’m ready for some good deals! 🙌🏼
imagine getting an adjustable rate mortgage at 3.5%......and even worse if you purposely sold someone an arm at 3.5%...
Great episode Matt and Andrew! Would love to get some more of you guys
I find it rather comical to say “find a property in a good area, that cash flows well.” Atm, I feel those metrics are in direct competition
But the problem is you and everyone else is stacking cash and waiting for the deals. So I think there’s still going to be a ton of competition unfortunately.
There is, but I also feel like a lot of them will be too scared to dive in because they will be waiting for the right time.
@@CoffeeAndBusiness The investors I've spoken to are still buying now. When the market is better there will be lots more wanting to buy. It sucks. I too wish I could have purchased lots more a couple years ago.
Unfortunate side affect of mainstreaming real estate investing. The world has changed since 15 years ago, its a much bigger industry now.
That is absolutely the mind set that will keep you on the sidelines during this great buying opportunity
@@Ghost-yf2fh I'm locked and loaded if something decent comes on the market. I'm on TOP of everything that gets listed! So I'm ready to rock and roll if things start popping!
Chinese word for Crisis is Opportunity mixed with Risk/Danger. I'd rather take the risk than regret.
как может brrrr вернуться, если прибыль от сдачи не покрывает процентов по кредиту🤦♀️
Cap rates measure NOI. All the 5% cap rate means is that you are paying $20 per possible NOI dollar. V=i/r $20=$1/5% If the "spread was REAL then buying Detroit at a 10 cap when interest rates are 7% would make that market a deal! LOL Also there is no such thing as a leveraged cap rate. You have been taught incorrectly. The cap rate (the value of NOI) is exactly the same if you pay cash or finance 100%.
Got a 4 plex for sale in SoCal, who's interested?
Hi Efren, might this still be available?
@@Victoria_Isabel_Hernandez no sorry, it's sold.
I believe THE BEST way to invest-- hire a pro to do all the hArd work for you 👍
Good morning everyone.
Let's tune in a listen to another great episode of bigger pockets!
Yes indeed
😂 no goals by 2 February then gotta wait for a fresh New Year's.
Your very wrong prices will drop for years
The people who do not have the capital and track record don't need to watch this video.
who tf is this guy?
These guys are great
"Raise cash from pessimists." 🫡