That’s a solid amount to get started with. The first thing that comes to mind is either putting it toward a down payment on a rental property or looking into real estate investment trusts. A rental property can give you consistent cash flow, but REITs are more hands-off
with $50k, you could easily make a 20% down payment on a property worth around $250k. If you go the rental route, you could generate passive income every month, and over time, the property could appreciate in value
REITs are definitely an option if you don’t want the hassle of being a landlord. You can invest in them like you would stocks, and they pay dividends. Plus, they’re diversified across different types of real estate, residential, commercial, etc. It’s a good way to dip your toes into real estate without managing tenants or repairs
I’ve been thinking about rentals, but the whole idea of managing tenants kind of worries me. And what if the property market dips after I buy? I know it’s long term, but that’s still a lot of money
Rental properties can be more work than people realize finding tenants, dealing with maintenance, unexpected repairs. But if you’re strategic, you can find a good property manager to handle all of that for you. Just factor in those costs when you’re running the numbers
Honestly, that’s why it’s important to run a detailed cash flow analysis before you commit. You don’t want to get stuck with a property that’s bleeding money. But when done right, rentals can be an incredible wealth building tool
The challenge is that whether you rent or own, there are unavoidable costs associated with maintaining a permanent residence-property taxes, insurance, and utilities like electricity, gas, and water. In places like California, where I currently live, the high cost of living has pushed many people to opt for alternatives. It’s not uncommon to see individuals living in tents to avoid property-related expenses, and the number of people I encounter who reside in their cars is truly surprising. It’s a sign of how extreme the situation has become.
The market continues to escalate daily. Home prices are exorbitant, and mortgage rates have surged beyond 7%. I often debate whether it's smarter to park my cash in the stock market and wait for a potential housing crash or bite the bullet and purchase a home now.
I understand your concerns. I'm 50 and planning to retire early, and the uncertainty of the financial future, especially around housing and investments, is concerning. I’m also considering my first stock market investment, but the volatility this year has been intimidating.
This is exactly why I rely on a portfolio coach for guidance. A professional can navigate complex market conditions, employing strategies like balancing long and short positions, managing risk for upside potential, and implementing hedges to cushion downturns. My portfolio advisor has been crucial for me; after two years of following her advice, I’ve generated over $400,000 in returns.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for showing interest. I’m glad you found her contact information. I hope your conversation goes well, and that you're able to end 2023 on a strong financial footing. Best of luck!
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’Carol Vivian Constable’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Am retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings or loved ones to fall back on
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I'm considering investing in stocks, but I'm not familiar with effective market strategies.
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter
You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.
Employing a professional financial analyst or advisor can certainly add value by offering tailored advice, portfolio diversification, risk management, and timely insights. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.
I make 500k a year. Mind you I have no children and zero debt. I have a six figure portfolio (Stocks, crypto crowdfunding real estate, savings, and CD's) it wasn't easy. I hustled, saved, and invested my money. I always tell people "Money can't fix stupid"
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
@@catalinalorenwproperty mortgage insurance. He also didn’t add that most counties consider anything above 760k a “Jumbo Loan” in which this example would not work. You can’t put 5% down on a 900,000$ property anymore. 😢
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of losses.
There are many financial coaches who excel in their profession, but for the time being, I employ “Annette Christine Conte” because I adore her methods. You can make research and find out more.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I thoroughly recommend Melissa Terri Swayne an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
My CFA “Melissa Terri Swayne” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
serious question: @6:37 when you mentioned if your intention "changed" from a primary home (you live there) into an investment property to rent out ALL of the room, you effectively take advantage of the 5% down as a 1st time home owner. Is that legal though? I thought an investment property would require you to put down at least 20%. To change your intention last minute, is that legal?
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 48.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
My fear is that the person with only $50k on a $900k property would be over leveraged and therefore at more risk if something bad were to happen, or if there are vacancies. My assumption is that this person could not afford the entire monthly payment on their own. If cash reserves are low after the $50k, then ongoing maintenance and renovations might not be possible.
Which dumb bank would let you borrow that much with just 50k on hand and nothing to leeverage on? This dude painting a very pink picture. Like you said, he totally skip that vacancy, renovation & mentainance.
@@danielnguyen1171 That would be a 5% down payment under an FHA or something like it. As a live-in flip or house hack this is a very solid strategy to get your foot in the door. The only thing is with more leverage you are at a higher risk to the bank. As a borrower this shouldn't bother you as much, other than maybe having to pay mortgage insurance. Having sufficient cash reserves for vacancy, capex, and maintenance is entirely in your control as the homeowner. Do your own due diligence when researching and buying deals.
Holding 7% interest - goes to bank in 18 months to refi to find the equity is plummeted and you are stuck in an upside down property with a high interest rate you can't do anything about. I love your energy but especially in current economy you cannot project value growth (equity) into infinity
This sounds great but if I’ve put all I’ve got into a 900k property and have 400 left over every month, what am I gonna pay the maintenance with? Doors break, boilers break, windows break. Things break and you need money to pay for them and if the building is 900k, chances are the maintenance will be high too.
OK, If you were to do this but then the value of the property dropped down to lets say 600k, you would be under water and wouldn't be able to refinance. I'm saying this because the market is at it's all time high and the economy looks like it's about to crash just like it did in 2008. If you invested now as a brand new investor and this happened in one to two years and the rent prices also started to come down than how would you handle it? Yes, the market has doubled every ten years if you were to purchase on the dips like in 2011 or 1995.
He did a good high level explanation. However, there is maintenance, repairs, capex, evictions/legal, vacancies etc. All of this needs to be accounted for.
Seattle area property tax rate is 1.05%, so thats 9450 a year, or 787.5 per month, not 690 that is listed. Pmi?Plus its very dangerous if a tenant doesnt pay, some expensive repairs come, or a job loss, health issue comes. Buying a 500k place is much safer. Overleveraging is great if nothing bad happens.
Income is looked at, for a jumbo loan of 800k plus you'd need a 6 figure salary to qualify. Plus at 5 percent down payment your required to pay pmi. That is for any loan under 20% down. So why wasn't that calculated into your expences? What about the typical closing cost up front? 😂
My concern is that you would be left with 5k if you put down 45k on a 900k quad. How should I approach: - closing costs - minor repairs - loan qualification for 6.6k/month - tools, appliances, contracts, handy work, etc - looming vacancy, capex repairs Am I being too conservative?
Be careful though... sounds good on video but in real life, there's so many variables so it might not work out like this and most likely you're gonna be struggling to pay for the mortgage if any vacancies happen
Did I hear correctly that I can do 5% down with the intention of living there but then change my intention and still do 5% without having to live there?
Thach says this pretty frequently in his videos and I'm always blown away by it. Definitely sounds like it's encouraging mortgage fraud to me. Yes, I understand circumstances around buying a house can actually change and you may not live in the property, but there should be a really good explanation for it. The way Thach phrases makes it sound like it was his plan all along.
I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $132k in a short period of time
I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself I'm guided by Annabelle Hartfield. A widely known crypto consultant
Super great. I shared it with a few customers. I will be prospecting my 4 plex market...thanks for the inspiration. I hope it is a live thing this week, but I will be happy if it is a recording too. This lead source is very fun to work.
Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every TH-cam video says "BUY, BUY!" but when and how do I sell for profit at the right time?
Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
After you buy the house you said keep repeating the process but you can only be a first time buyer once. After that how can you expect to get the same 5% down that you would have as a first time buyer?
Great inspiring coaching. Im gc im going to implement your advice im going to have my own first investment property this year. Im in new Jersey. Im always watching your TH-cam
Good information for beginner however truth be told: 1) most small investors/beginner already own a property therefore getting a 5% down conventional loan is not realistic, we either qualify for vacation home with a 10% down or investment property with a 20% down 2) average small investor can't qualify for a $1Million mortgage loan based on their single or married revenue.
Hi ,am excited to be part of this transformation.This is Gerphas from Kenya. I have a question if it is possible for an international student in USA to take this path and start off in rael estate investing, and how can you guide a foreign student?
Excuse me... 50k won't buy a duplex or bigger anywhere?? You have to put 20% down on investment properties. That means with 50, your top price is 250k. Where is a tri or 4plex for that cheap that is also not a fixer upper as he said not to buy those. ??
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing.. I’ve been sitting on over $545k equity from a home sale and I’m not sure where to go from here. Is it a good time to buy into stocks or wait for another opportunity?
People dismiss the importance of Advisors until they are burned by their own mistakes. I remember a couple of few summers ago after my last job layoff, I had to stay afloat, hence researched for licensed fiduciary advisors. Thankfully, I came across someone of practical knowledge and experience. My reserve fund of $225k has yielded significant interest since then.
In a field as rapidly evolving as the Real Estate and Stock market, staying updated is vital. An advisor provides continual research and adaptation to the latest market changes which would be instrumental in helping make informed decisions.
*There are a handful of experts in the field but I’ve stuck with “Eric Paul Elmer” for about two years now, and his performance has been consistently impressive. He is quite known in his field*
What about my personal annual income? Will it interfere with loan approvals even with good credit? for context what if the salary you make is like 120k join with spouse.
How about if you own a house already? Can't qualify for a FHA loan to do 5 or 10% down. What technique you use for someone with a primary residence already?
But just checking: those profit figures don’t factor in repairs, maintenance costs, the property management cut, maybe HOA fees, or any utilities owner is responsible for (sometimes water and trash)?
Quick question i have a single family home already since 2016. I want to do another conventional loan 5% but afraid I won’t be approve. I have excellent credit score 800 plus. I want to buy quadplexs or duplexes but not sure I how much I would be approve for?
Thatch, how are you getting 4 rents of $1,750 off a 4 plex when one of them has to be owner occupied for the 5% down conventional loan? Occupancy disclosure requires 12 months owner occupancy. if you don't honor that and you retain ownership of the property, that is occupancy fraud and DFI will come knocking with some fat fines
@@danielmarquardt4341 No he is legit. I'm a lender based in the Seattle market and he is a realtor in the same market. That being said occupancy fraud is the most common RE fraud and when auditors come review files the first thing they do is sort files alphabetically by name if they see multiple files in the same borrowers name they pull them and look at application date close date and occupancy noted on the application. His advice on this video in that regard is grey area at best.
Thach is probably implying that the owner has to live somewhere, so they have to pay 1750 in rent also if they lived somewhere else, so the other 3 units at 1750, plus your own rent equals to 400 a month cash flow.
@@wl6020 That is the first kind of fraud they look for during an audit so "probably implying" doesn't cut it. This is why they have a full one page loan disclosure on this. Just trying to save folks money lol
So in regard to FHA loans at 5% down, can you do that more than once? I was under the impression that the loans would have to be conventional after the FHA is used and that could be way more than 5% down.
How can an average person get approved for 900k. One common misconception these RE investors make is avergae wokring class makes 40-70k. How can you get a mortgage for 900k property with an income of 70k. maybe 300-400k They dont understand the approval process ever
Great video! How do you continuously get the 5% (first time home buyer) down payment over and over if you just bought a house right before that and before that, etc….?
@@rick03168 trying to cash flow 50k down on a 800k house in seattle sounds brutal with the current interest rates probably breaking even? and then if one of the units goes vacant for a while then your investment just became a liability
How will someone get the mortgage if that person is making 50k/year as a salary and do have a 50k down payment. Will the banks give the mortgage on the remaining amount? The way you explained in the video seems easier than the practical life.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
During bear markets, aim to 5x your portfolio by accumulating crypto and reinvesting dividends. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually through restructuring with growth stocks, ETFs, mutual funds, and REITs.
I’m careful about giving specific advice since everyone’s situation is different. You might want to consider an independent financial advisor like Melissa Elise Robinson. I’ve worked with her for two years and highly recommend her. See if she fits your needs.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
@@sal7870 you would be screwed lol. hopefully someone actually deploying this strategy has the reserves to handle a couple months of vacancy and any maint/capex. Pretty sure the loan originator would require at least some reserves.
This is also a great strategy if you are between BRRRs and low on liquidity (me currently). Looking to do this exact thing in white center, unfortunately Seattle fourplexes start at $1M. Great video!
I have 200$ right now. I want to get into something that is lucrative because I have a hard time with 10 hr shift in the trades industry. Doesn’t feel like my purpose. How can I start
What about yearly maintenance expenses? I'm looking to invest in cash flow properly, but I'm going to start off with a cheaper home...possibly a duplex. I'm not saying it's a bad idea investing in a 4 plex with a 6 or 7k monthly payment, but not for someone who only has 50k. I really don't think that's enough money to play around with. With a cheaper home, $150,000 to $500,000 , of course, that should be no problem. But anywhere like Seattle, NYC, most of California, you're gonna be spending money. I'm currently looking around the Scranton, Wilkes Barre area in PA, and there are so many deals. I'm not going to be making 7k a month, but I'll eventually make my way to those kinds of properties eventually.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
In the early 1990s, when I purchased my first residence in Miami, mortgage rates were commonly in the 8-10% range. Today’s market participants must recognize that the historically low rates of 3% may not return. If sellers are compelled to list their properties, market dynamics will likely drive prices downward, leading to reduced valuations-this is a sentiment that many in the industry share.
The situation is poised to become more challenging. Affordable housing will soon become a misnomer. My advice for anyone considering a move is to act promptly, as current prices may appear as bargains in the near future. Until the Federal Reserve takes more decisive action, inflationary pressures could drive significant market instability. Partial measures won’t suffice to stabilize the situation.
What can I do with $2500 I got wrongly evicted from my room rental going to housing court I’m living out of my work vehicle as a Uber driver. I’m in queens new York my credit score is 666😅 can I get anything and house hack or just start your program mentorship process with $2000 first
Great question! Building up capital can be challenging, but there are several strategies to consider. Start by focusing on increasing your income streams, whether through side hustles, freelance work, or even investing in skills that boost your earning potential. Cut down on unnecessary expenses and create a disciplined savings plan. Additionally, consider investing in markets where you can get more value for your money, such as Turkey's real estate market. With $50,000, you can access properties with strong rental yields in vibrant cities like Istanbul. This way, you’ll be leveraging your investment for greater returns, building your wealth faster. If you'd like more info on how to get started in Turkey, feel free to reach out!
at 5% down, you'd also need to purchase Private Mortgage Insurance which is an additional ~$500 per month so this wouldn't be positively cashflowing based on Thach's numbers.
He never shares the full truth. Always makes numbers look good on TH-cam and for show. Not to mention, you need an insane salary to qualify for a $855k mortgage lol
@@AshtonZingas and how long is a piece of string? There's a lot of variables (your credit score, loan amount, etc). Let's assume you have an amazing 800+ credit score, you still have at minimum a 0.46% PMI rate. So for a $75/month PMI, that means your house is worth just under $200,000.
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 taskRead more
@@ericgrantl 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.
@@EdwinaLis 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.
@@DirkChristian-w2e 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.
Mindset Collection available until 6/1.
fullyaligned.shop/
Go home Thach
That’s a solid amount to get started with. The first thing that comes to mind is either putting it toward a down payment on a rental property or looking into real estate investment trusts. A rental property can give you consistent cash flow, but REITs are more hands-off
with $50k, you could easily make a 20% down payment on a property worth around $250k. If you go the rental route, you could generate passive income every month, and over time, the property could appreciate in value
REITs are definitely an option if you don’t want the hassle of being a landlord. You can invest in them like you would stocks, and they pay dividends. Plus, they’re diversified across different types of real estate, residential, commercial, etc. It’s a good way to dip your toes into real estate without managing tenants or repairs
I’ve been thinking about rentals, but the whole idea of managing tenants kind of worries me. And what if the property market dips after I buy? I know it’s long term, but that’s still a lot of money
Rental properties can be more work than people realize finding tenants, dealing with maintenance, unexpected repairs. But if you’re strategic, you can find a good property manager to handle all of that for you. Just factor in those costs when you’re running the numbers
Honestly, that’s why it’s important to run a detailed cash flow analysis before you commit. You don’t want to get stuck with a property that’s bleeding money. But when done right, rentals can be an incredible wealth building tool
The challenge is that whether you rent or own, there are unavoidable costs associated with maintaining a permanent residence-property taxes, insurance, and utilities like electricity, gas, and water. In places like California, where I currently live, the high cost of living has pushed many people to opt for alternatives. It’s not uncommon to see individuals living in tents to avoid property-related expenses, and the number of people I encounter who reside in their cars is truly surprising. It’s a sign of how extreme the situation has become.
The market continues to escalate daily. Home prices are exorbitant, and mortgage rates have surged beyond 7%. I often debate whether it's smarter to park my cash in the stock market and wait for a potential housing crash or bite the bullet and purchase a home now.
I understand your concerns. I'm 50 and planning to retire early, and the uncertainty of the financial future, especially around housing and investments, is concerning. I’m also considering my first stock market investment, but the volatility this year has been intimidating.
This is exactly why I rely on a portfolio coach for guidance. A professional can navigate complex market conditions, employing strategies like balancing long and short positions, managing risk for upside potential, and implementing hedges to cushion downturns. My portfolio advisor has been crucial for me; after two years of following her advice, I’ve generated over $400,000 in returns.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for showing interest. I’m glad you found her contact information. I hope your conversation goes well, and that you're able to end 2023 on a strong financial footing. Best of luck!
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’Carol Vivian Constable’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Am retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings or loved ones to fall back on
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I'm considering investing in stocks, but I'm not familiar with effective market strategies.
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
25k a week? Amazing! how did you get started?
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter
You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.
Employing a professional financial analyst or advisor can certainly add value by offering tailored advice, portfolio diversification, risk management, and timely insights. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
Yes, It a procedure where you allocate money or capital towards buying financial products, expecting to earn a considerable return in the future.
I make 500k a year. Mind you I have no children and zero debt. I have a six figure portfolio (Stocks, crypto crowdfunding real estate, savings, and CD's) it wasn't easy. I hustled, saved, and invested my money. I always tell people "Money can't fix stupid"
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are the strategies?
I have lost trading for my self as a beginner, I need a good mentorship
Exactly, what I'm thinking about, what strategies are you using?
Natural, there's a lot of math involved in forex trading. but this is often presented in forms of daunting technical charts, indicators, patterns.
You forgot about the PMI with only 5% down. Once u apply that you will be close to, if not having a loss in your example.
What does that mean
can you explain please?
@@catalinalorenwproperty mortgage insurance. He also didn’t add that most counties consider anything above 760k a “Jumbo Loan” in which this example would not work. You can’t put 5% down on a 900,000$ property anymore. 😢
Try doing this if you’re only earning 50k annually.. no bank will loan
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of losses.
There are many financial coaches who excel in their profession, but for the time being, I employ “Annette Christine Conte” because I adore her methods. You can make research and find out more.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
What about the closing cost, PMI, emergency fund, and income required to qualify for a 850k loan?
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
I thoroughly recommend Melissa Terri Swayne an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
My CFA “Melissa Terri Swayne” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
serious question: @6:37 when you mentioned if your intention "changed" from a primary home (you live there) into an investment property to rent out ALL of the room, you effectively take advantage of the 5% down as a 1st time home owner. Is that legal though? I thought an investment property would require you to put down at least 20%. To change your intention last minute, is that legal?
Have you ever had problem w/ squatters? Seattle is not land lord friendly since covid
Just wait for the roof to start leaking and now u have to pay 50k to fix it. So, $400 a month can be vaporized as fast as it came in.
Also the landlord has to pay for certain utilities such as water, heat. Those cost will easily eat away $400 every month.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 48.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
My fear is that the person with only $50k on a $900k property would be over leveraged and therefore at more risk if something bad were to happen, or if there are vacancies. My assumption is that this person could not afford the entire monthly payment on their own. If cash reserves are low after the $50k, then ongoing maintenance and renovations might not be possible.
Which dumb bank would let you borrow that much with just 50k on hand and nothing to leeverage on? This dude painting a very pink picture. Like you said, he totally skip that vacancy, renovation & mentainance.
@@danielnguyen1171 That would be a 5% down payment under an FHA or something like it. As a live-in flip or house hack this is a very solid strategy to get your foot in the door. The only thing is with more leverage you are at a higher risk to the bank. As a borrower this shouldn't bother you as much, other than maybe having to pay mortgage insurance. Having sufficient cash reserves for vacancy, capex, and maintenance is entirely in your control as the homeowner. Do your own due diligence when researching and buying deals.
@@rick03168they will look at with the potential rental income that’s how people are approved for loans with rental properties
Yes this is a good point. You have to be able to make tbe monthly payments when vacancy arises.
He also didn’t mention the “Jumbo Loan”.
Holding 7% interest - goes to bank in 18 months to refi to find the equity is plummeted and you are stuck in an upside down property with a high interest rate you can't do anything about. I love your energy but especially in current economy you cannot project value growth (equity) into infinity
Closing costs would be probly $30k on top of that
Hi Thach, can a non-US citizen get a bank loan and invest in US real estate using your strategies?
This sounds great but if I’ve put all I’ve got into a 900k property and have 400 left over every month, what am I gonna pay the maintenance with? Doors break, boilers break, windows break. Things break and you need money to pay for them and if the building is 900k, chances are the maintenance will be high too.
Sweat equity 😂
Except, if you get dead beat tenants you are screwed
Every 6 months can repeat the process. How to qualify for the mortgage loan?
OK, If you were to do this but then the value of the property dropped down to lets say 600k, you would be under water and wouldn't be able to refinance. I'm saying this because the market is at it's all time high and the economy looks like it's about to crash just like it did in 2008. If you invested now as a brand new investor and this happened in one to two years and the rent prices also started to come down than how would you handle it? Yes, the market has doubled every ten years if you were to purchase on the dips like in 2011 or 1995.
Nobody ever has an answer for this. Nobody ever speaks of the negatives. Only positives. Everybody is just rolling in money apparently
He did a good high level explanation. However, there is maintenance, repairs, capex, evictions/legal, vacancies etc. All of this needs to be accounted for.
Please explain how you get approved for $855,000 loan with an income of $80,000 / year
Can you explain how can someone be eligible for a ~$900k loan if their debt to income ratio makes that impossible?
Great Advice 💯
Seattle area property tax rate is 1.05%, so thats 9450 a year, or 787.5 per month, not 690 that is listed. Pmi?Plus its very dangerous if a tenant doesnt pay, some expensive repairs come, or a job loss, health issue comes. Buying a 500k place is much safer. Overleveraging is great if nothing bad happens.
Income is looked at, for a jumbo loan of 800k plus you'd need a 6 figure salary to qualify. Plus at 5 percent down payment your required to pay pmi. That is for any loan under 20% down. So why wasn't that calculated into your expences? What about the typical closing cost up front? 😂
My concern is that you would be left with 5k if you put down 45k on a 900k quad.
How should I approach:
- closing costs
- minor repairs
- loan qualification for 6.6k/month
- tools, appliances, contracts, handy work, etc
- looming vacancy, capex repairs
Am I being too conservative?
First off what 4 plex is in or around Seattle king county area for $900,000
this video could not have come at a better time, as i'm in this exact position right now. thanks, Thach!
Be careful though... sounds good on video but in real life, there's so many variables so it might not work out like this and most likely you're gonna be struggling to pay for the mortgage if any vacancies happen
Did I hear correctly that I can do 5% down with the intention of living there but then change my intention and still do 5% without having to live there?
No😧. That would be insurance fraud, you have to live there at least 1yr.
Thach says this pretty frequently in his videos and I'm always blown away by it. Definitely sounds like it's encouraging mortgage fraud to me. Yes, I understand circumstances around buying a house can actually change and you may not live in the property, but there should be a really good explanation for it. The way Thach phrases makes it sound like it was his plan all along.
No, must live there for certain period - a year or so.
I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $132k in a short period of time
I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?
As a beginner what do i need to do? How can i invest, on which platform? If you know any please share.🙏
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself I'm guided by Annabelle Hartfield. A widely known crypto consultant
it's great to see others who also benefits from the service of Annabelle Hartfield.
I'm surprised that this name is being mentioned here, i stumbled upon one of her clients testimonies on CNBC news last week...
Is a 25% down payment on a multifamily home a good choice over a 5%. I assume the cash flow would be better.
Besides the 50k, how much more money should you have just in case something needs to be fixed?
Does tenants move in fast or does it take a while?
Super great. I shared it with a few customers. I will be prospecting my 4 plex market...thanks for the inspiration. I hope it is a live thing this week, but I will be happy if it is a recording too. This lead source is very fun to work.
How would you go about it if you already own a 1 family home, will i still be able to get that 5% loan ? I have a 3.5 fha loan currently
How will i pay it off
Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every TH-cam video says "BUY, BUY!" but when and how do I sell for profit at the right time?
Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Great video from Thach as always! Loved your advice for real estate beginners to focus on location to ensure cash flow and profitability.
After you buy the house you said keep repeating the process but you can only be a first time buyer once. After that how can you expect to get the same 5% down that you would have as a first time buyer?
Great inspiring coaching. Im gc im going to implement your advice im going to have my own first investment property this year. Im in new Jersey. Im always watching your TH-cam
Wouldn’t you have to live in that unit and you only get 1700 with the other three properties?
Good information for beginner however truth be told: 1) most small investors/beginner already own a property therefore getting a 5% down conventional loan is not realistic, we either qualify for vacation home with
a 10% down or investment property with a 20% down 2) average small investor can't qualify for a $1Million mortgage loan based on their single or married revenue.
THANK YOU FOR PASSING DOWN THE KNOWLEDGE ....MUCH LOVE AND APPRECIATION
Needed to hear this today. Thanks, Thach!
Hi i have 80K how can i start in real estate?? Please i need help!
I live in Los Angeles
What about if I have 50k but already own a house. What choices do I have then
Buy a new primary home and turn your current home into the rental.
Hi ,am excited to be part of this transformation.This is Gerphas from Kenya. I have a question if it is possible for an international student in USA to take this path and start off in rael estate investing, and how can you guide a foreign student?
Excuse me... 50k won't buy a duplex or bigger anywhere?? You have to put 20% down on investment properties. That means with 50, your top price is 250k. Where is a tri or 4plex for that cheap that is also not a fixer upper as he said not to buy those. ??
He says to do it as I first time buyer to get a 5 percent Conventional
Great content man
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing.. I’ve been sitting on over $545k equity from a home sale and I’m not sure where to go from here. Is it a good time to buy into stocks or wait for another opportunity?
Well as you know; the bigger risk, the bigger results, but such impeccable high value trades are often carried out by pros.
People dismiss the importance of Advisors until they are burned by their own mistakes. I remember a couple of few summers ago after my last job layoff, I had to stay afloat, hence researched for licensed fiduciary advisors. Thankfully, I came across someone of practical knowledge and experience. My reserve fund of $225k has yielded significant interest since then.
In a field as rapidly evolving as the Real Estate and Stock market, staying updated is vital. An advisor provides continual research and adaptation to the latest market changes which would be instrumental in helping make informed decisions.
Your financial advisor must be really good, I hope it’s okay to inquire if you’re still working with the same Advisor and how can I get in touch?
*There are a handful of experts in the field but I’ve stuck with “Eric Paul Elmer” for about two years now, and his performance has been consistently impressive. He is quite known in his field*
I got 50k but I don’t have a job that allows me to take out a 900k property
What if you don’t rent out all the units? Couple down/bad months will wipe you out ?
Greetings, to do real investment do I just need to understand the cashflow, that's all? While learning from mistakes. Or is it a process of studying?
What about my personal annual income? Will it interfere with loan approvals even with good credit? for context what if the salary you make is like 120k join with spouse.
How about if you own a house already? Can't qualify for a FHA loan to do 5 or 10% down. What technique you use for someone with a primary residence already?
As canadian can we invest in real state .
But just checking: those profit figures don’t factor in repairs, maintenance costs, the property management cut, maybe HOA fees, or any utilities owner is responsible for (sometimes water and trash)?
Quick question i have a single family home already since 2016. I want to do another conventional loan 5% but afraid I won’t be approve. I have excellent credit score 800 plus. I want to buy quadplexs or duplexes but not sure I how much I would be approve for?
Do you have to live in the home when using conventional loan like a fha loan
Thatch, how are you getting 4 rents of $1,750 off a 4 plex when one of them has to be owner occupied for the 5% down conventional loan? Occupancy disclosure requires 12 months owner occupancy. if you don't honor that and you retain ownership of the property, that is occupancy fraud and DFI will come knocking with some fat fines
Hes just another TH-cam clown
@@danielmarquardt4341 No he is legit. I'm a lender based in the Seattle market and he is a realtor in the same market. That being said occupancy fraud is the most common RE fraud and when auditors come review files the first thing they do is sort files alphabetically by name if they see multiple files in the same borrowers name they pull them and look at application date close date and occupancy noted on the application. His advice on this video in that regard is grey area at best.
Thach is probably implying that the owner has to live somewhere, so they have to pay 1750 in rent also if they lived somewhere else, so the other 3 units at 1750, plus your own rent equals to 400 a month cash flow.
@@wl6020 That is the first kind of fraud they look for during an audit so "probably implying" doesn't cut it. This is why they have a full one page loan disclosure on this. Just trying to save folks money lol
So in regard to FHA loans at 5% down, can you do that more than once? I was under the impression that the loans would have to be conventional after the FHA is used and that could be way more than 5% down.
Great mindset. I love this plan. New Subscriber!
How do you find out what rent is going for in your area?
Look for similar comps and see what they’re charging for rent
Thanks for the video. Very Insightful.
Can I apply this plan on Europ market
How can an average person get approved for 900k. One common misconception these RE investors make is avergae wokring class makes 40-70k. How can you get a mortgage for 900k property with an income of 70k. maybe 300-400k They dont understand the approval process ever
I’ve heard that the rental income from the tenants will lower the required income from the buyer
Maybe rental income plus being married probably helps lol. File taxes as a household
@@saintfuego1822 still to get approved for 900k
You need good salary annually to get approved for 900k
Great video! How do you continuously get the 5% (first time home buyer) down payment over and over if you just bought a house right before that and before that, etc….?
@@rick03168 trying to cash flow 50k down on a 800k house in seattle sounds brutal with the current interest rates
probably breaking even? and then if one of the units goes vacant for a while then your investment just became a liability
U said primary house and didn't add pmi
How will someone get the mortgage if that person is making 50k/year as a salary and do have a 50k down payment. Will the banks give the mortgage on the remaining amount? The way you explained in the video seems easier than the practical life.
Yeah okay but how do you get approved for a 855,000 dollar mortgage!!!!!!
projected rents
@@alexruiz3415 nope
How much do you charge for consulting? Im not rich but have seen 1k videos and tutorials and with common sense will like an advice from you.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
During bear markets, aim to 5x your portfolio by accumulating crypto and reinvesting dividends. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually through restructuring with growth stocks, ETFs, mutual funds, and REITs.
Who is this person guiding you and how can i reach he/she?
I’m careful about giving specific advice since everyone’s situation is different. You might want to consider an independent financial advisor like Melissa Elise Robinson. I’ve worked with her for two years and highly recommend her. See if she fits your needs.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
what if you can't find 4 Tenants, then you will be negative right?
or tenants at all. how would you handle the loss
@@sal7870 you would be screwed lol. hopefully someone actually deploying this strategy has the reserves to handle a couple months of vacancy and any maint/capex. Pretty sure the loan originator would require at least some reserves.
Luck
This is also a great strategy if you are between BRRRs and low on liquidity (me currently). Looking to do this exact thing in white center, unfortunately Seattle fourplexes start at $1M. Great video!
I have 200$ right now. I want to get into something that is lucrative because I have a hard time with 10 hr shift in the trades industry. Doesn’t feel like my purpose.
How can I start
What about yearly maintenance expenses? I'm looking to invest in cash flow properly, but I'm going to start off with a cheaper home...possibly a duplex. I'm not saying it's a bad idea investing in a 4 plex with a 6 or 7k monthly payment, but not for someone who only has 50k. I really don't think that's enough money to play around with. With a cheaper home, $150,000 to $500,000 , of course, that should be no problem. But anywhere like Seattle, NYC, most of California, you're gonna be spending money. I'm currently looking around the Scranton, Wilkes Barre area in PA, and there are so many deals. I'm not going to be making 7k a month, but I'll eventually make my way to those kinds of properties eventually.
Would you make a video of UTAH market.
he could if he knows the Utah market...
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Thank you for this amazing tip. I just looked the name up and wrote her
In the early 1990s, when I purchased my first residence in Miami, mortgage rates were commonly in the 8-10% range. Today’s market participants must recognize that the historically low rates of 3% may not return. If sellers are compelled to list their properties, market dynamics will likely drive prices downward, leading to reduced valuations-this is a sentiment that many in the industry share.
The situation is poised to become more challenging. Affordable housing will soon become a misnomer. My advice for anyone considering a move is to act promptly, as current prices may appear as bargains in the near future. Until the Federal Reserve takes more decisive action, inflationary pressures could drive significant market instability. Partial measures won’t suffice to stabilize the situation.
Thach, set me up with your Seattle agent, pm and find me a turnkey 4-plex I’ll do it…I’ll intend to live in one unit…
i see 3 plexes under $1m in seattle...
How do you save 50k in a year!??
What if we already own a house
Thach can i meet you ?? You take students
Wonderful Sir 👍👏🤝🤝👏👍
What can I do with $2500 I got wrongly evicted from my room rental going to housing court I’m living out of my work vehicle as a Uber driver. I’m in queens new York my credit score is 666😅 can I get anything and house hack or just start your program mentorship process with $2000 first
How will I pay the 850 k
Thanks Thach 😊
Thach, teach us how to even get this money to invest!!
Great question! Building up capital can be challenging, but there are several strategies to consider. Start by focusing on increasing your income streams, whether through side hustles, freelance work, or even investing in skills that boost your earning potential. Cut down on unnecessary expenses and create a disciplined savings plan. Additionally, consider investing in markets where you can get more value for your money, such as Turkey's real estate market. With $50,000, you can access properties with strong rental yields in vibrant cities like Istanbul. This way, you’ll be leveraging your investment for greater returns, building your wealth faster. If you'd like more info on how to get started in Turkey, feel free to reach out!
at 5% down, you'd also need to purchase Private Mortgage Insurance which is an additional ~$500 per month so this wouldn't be positively cashflowing based on Thach's numbers.
He never shares the full truth. Always makes numbers look good on TH-cam and for show. Not to mention, you need an insane salary to qualify for a $855k mortgage lol
My PMI on my single family home I purchased in 2023 is only $75 a month
@@AshtonZingas and how long is a piece of string? There's a lot of variables (your credit score, loan amount, etc). Let's assume you have an amazing 800+ credit score, you still have at minimum a 0.46% PMI rate. So for a $75/month PMI, that means your house is worth just under $200,000.
@@AshtonZingas the amount you pay for PMI differs based on the size of your mortgage & also your credit score
@@AshtonZingas PMI varies based on several factors such as the size of the loan, credit score, etc
You also have tremendous closing costs to add
I love these guys make it sound so easy. Ya go get a $900k loan no big deal. 😂😂😂😂😂😂😂
HOLD ON WHAT ABOUT EXPENSIVES ? Is that where u just put $400 to services n repairs
7 unit, 7100 income how can I do that one? 770 credit score
building 600k
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 taskRead more
@@ericgrantl 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.
@@DirkChristian-w2e this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@@EdwinaLis 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.
@@DirkChristian-w2e 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.
this is inspiring but damn this is how the 2008 real-estate bubble happened!