Brandon, We found a way!!! We just closed on our first duplex and are halfway through renovating the one unit. 100% sweat equity. We have a family of 4 and one income, aka not rich and no help from our families. It took 6 months of looking at properties and countless property analyses with a team we build. If we can do it anyone can. We cant wait to finish our reno's and move on to the next deal - toward financial freedom.
I've started the process of buying my first multifamily property, after listening to BP for over a year. This podcast has changed my ENTIRE MINDSET on real estate & all the ways one can afford to invest in it. I'll keep you posted how it goes & I, too, look forward to being on BP one day!
Thank you so so much this has been very inspiring and propelling me more into real-estate! I love multifamily I just bought my first multifamily home .I have a tenant right now renting it!! So I have to stay in it for one yr than I can utilize the equity on it and buy another multifamily!!! I love the mindset of the poor said I can not afford this , but the investor mentality says How can I buy it! i am new in this but I am getting there!! Thank you for your encouraging words . And knowledge!!we will encounter Difficulties that is life but it is DOABLE!!! Yes yes!!!
Investing in real estate is an opportunity alot of people take for granted. I'm a living testimony. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house 🏠 already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this
You are right. I also started my journey towards actualizing Financial independence. I am sick off earning from only one source especially 9-5daily. But I am having a tough time finding a good investment adviser. Seeing your testimonies, I believe that you achieved this through a good tactical means. I hope you don't mind sharing information on how you made it possible?
@@jarrettmacurdy3612 I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing
@@davidreus9321 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@jarrettmacurdy3612 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
I came in contact with Alexander diana Jose in a conference at Washington, I met with her after her speech and was opportune to invest with her. Ever since then all I can say is that my life has become better then my past. She’s a great personality in the states
Anyone can definitely do it. I think every boss I’ve ever had has told me I’m stupid but I just recently got my first multifam and generating positive Cashflow😅
I'm learning to listen to myself more than I listen to others. I respect and will hear what other people think, but if I miss out on a deal because of someone else, that hurts.
I’m thinking this same thing I wanna spend less time at work and more with family. I wanna use my equity on my home 100k in equity to buy a 5 or 4 bd apt and reduce my time at work my significant other makes very good money.
@@jonnymcgrath4816 Yessir, I actually just worked my network. My friends dad had a property he’s owned for decades and when I mentioned I’d like to buy a property one day, he told me about his and that he’d thought about selling it off Check out other organizations too like your local church or F3 (they’re a men’s workout group in all major cities). Never know when someone happened to inherit a property for example and is willing to part with it for fast cash!
I passed my real estate exam 1 yr ago and never signed up with exp realty (the broker I chose) bc of fear. The fear of not having a circle of friends or family that is into real estate. The fear that I don’t have a mentor. The fear of Messing up. My why to getting into real estate is to break the cycle in my family and be the first to ever do anything to leave for generational wealth. This video just spoke to me on a whole another level. I will get started and sign up for exp be an active agent so I can broker my own investor deals. Man this is the sign I prayed for.❤️
I just started watching your guys' videos tonight and man...the amount of gold I've dug up just listening to you guys. I'm a new real estate agent looking to invest in my first rental property and you guys break everything down. Amazing, I thank you so much, eternally grateful 🙌🏼💪🏼
I put off RE investment due to limiting beliefs. Keller Williams gave me my first real estate book for investing. It is super thick! I have followed Dean Graziosi and Cody Sperber and others for many years. But you really motivate me! I AM READY!! Thank you so much!!!
I am new to investing in real estate and BP has taught me soo much in this past year. I was looking into purchasing a home 2 yrs ago but happy I didn’t since I wasn’t fully educated. I believe I will be soon as I am starting real estate classes next month to gain more knowledge and get my license. I am starting late but my goal is 5 doors by 50. Never to late to start while educating my 17 yr at the same time
Even better trying to set the 17 yo up with a multifamily property during college years that way his lodging and some expenses are already taken care of. That's what I'm intending on doing for my little one. Good luck on the 5 doors!
Well, you’re younger than me. I’m 56 and I got my real estate license a little over two years ago. I’m starting in commercial real estate as an agent now, but my main purpose is to get enough income to start investing in multi family properties. The learning curve is big, but I will get there. I just need to start earning commissions so that I can buy my first property.
Just bought my first duplex. 2bed 1 bath separated by a single car garage in the middle. On a cal-de-sac Bought for 160k appraised for 190k. 750/month mortgage. Bringing in 1700/month (utilities paid by tenant!). Using this equity to buy the duplex up the street too!
@@HappyCleanersWA Not my style. I do one thing at a time and do it well. Already closing in on $25k saved, going to save for another year and watch my market for a deal on a 4plex.
Bought your book Brandon inspired me to buy rentals i got 4 single family 2 duplex - still looking for a fourplex and later an apt, now retired on real estate - thank u
great topic im shopping for a duplex to house hack in broward south fla. I will say that they tend to be in questionable areas and FHA maximum qualification may not be enough for duplexes that are not falling apart and need a ton of work to make livable. It may make more sense to buy a nicer SFH and just rent a room/garage to a college kid for guaranteed income with parent cosigner.
i love how you just seem like a normal dude and not some person trying to appear like someone they aren’t like most other people who give investing, financial video advice
I don't know what to say, other than thank you for these videos. I am about as ignorant as they come, i feel confident that with the information you guys provide, I could have a chance to owning, or being on my way to be financially free some day. I am very pumped and excited! I know that if I could pull this off anybody can! keep up the good work I'm looking forward to seeing all your videos and thanks again.
My childhood friend, Nigel Guisinger, turned me onto you guys when I watched his first interview with BP. I'm just starting my journey and about to make some huge life changing moves. I'm just grateful that Jesus has blessed me and my family with this opportunity. I love Maui by the way! I was married on Mokapu beach.
I was in contract with a financial partner and he pulled out, minor setback. There is no failure. You either get what you want or learn what you need. That is my saying
I found a property for 175 k with two homes, three storage containers and one giant place with heat to store anything for a business, i.e. driving lawnmowers for a landscaping business (thinking about it). I am going to put down an offer. Will bring in about 4500 income per month. without these videos, I never would have had the courage to believe in myself or in my ability to own properties. Thank you beyond words! I am sooo excited.
Thanks for all the content.. I purchased the multi family millionaire vol 1 TWICE... Got the email from Amazon stating it was delivered, I raced downstairs to pick up the package to find NOTHING!! I'm super disappointed because I'm sure that book has so much value and i wanted to support bigger pockets because you really pour back into others. I tried buying it on the website too but it was available. Hopefully I can get my hands on the book soon.
Very motivating video. I feel like a complete idiot in all this real estate stuff but this has given me a bit more confidence that I can do this. I feel like there is such fodder out there for fake gurus and biggerpockets has always seemed legitimate.
I'm scared but not that scared so lm eventually gonna go for it. I'm already a tax preparer so l have to do rental income part if taxes. I see wat all is paid out so at least l git some idea. I would like to take a class tho and video is excellent 😊
what is the best way to research cities and/or neighborhoods to buy MF properties in? what re some of the best places for cash flow and some appreciation?
Has anyone here thought about buying residential lots and placing Boxabl there? Next step of course is renting that property out. I am just getting started. Another idea I had is demolishing old houses and putting a boxabl in place. Does anyone here like or not like this idea?
Brandon. Thank you for your advise! I am getting into 1 unit now and now I am going to buy more Units. It is a condo! What do you think about Condo? Thanks
Hi Brandon, I’m on Oahu and know you’re on Maui. I wanted to see if there’s a podcast about specifically investing in Hawaii? What works? What doesn’t? Since I live here I thought it would be wise to start with a small multi family here and then possibly invest in other states. Any information on the topic would be greatly appreciated. I apologize if you all, already have an episode in this topic. Love the content!
I just got into purchasing a four Plex and thought I was going to put 3 1/2% down, until almost at the end of the deal they told me I had to put down more like 10% just to offset the rental income to mortgage payment ratio, which turned out to be like $28,000 more than I expected. Now I’ll have a fourplex, but I’ll have $848 less out of my paycheck per month and I’ll be living on a tight budget. My money will be locked in this property until I can get out of this deal somehow. Thanks a lot! 😫🤬
What condition is the 4plex in? If improvements will appreciate it over time you might be able to pull that money back out in a year or so depending on the market and what you purchased it for..
@@ybe87 it was built in 1949 but the final walk-through was yesterday and everything looked to be in pretty good condition. They just added some heating cooling split systems and three new water heaters
Did I miss the part for the actual renovation costs ? I didn't see that cost included in the example of using the software. That should bring that return down some.
I m looking between getting a duplex or a second single family home. The duplex would break even or even less since the expected mortgage would be 3k and the expected rent per unit would be 1400 or less x2 2800. I guess it all depends on the state and situation
Thank you for the keeping me motivated! You have to get Shalove Geter on the pod this women is inspiring and I think it would be great to see things from a property manager's perspective too.
Hi Brandon. Those who own multi million dollars in rental property tend to spread the properties under different entities for more asset protection. Is that something that can be done when you are leveraging?
NOT A LAWYER OR ACCOUNTANT, Speaking from experience, the answer is not really but kinda.. No bank will lend a newly formed entity a mortgage. They would want it on your name. You could buy it in your name and then move the title to an LLC but then you’re risking the bank calling your loan.. A good accountant (which I am NOT) can set you up with some loophole around entities using book loans and such.. seek the advise there. HOWEVER, if you do have a mortgage, that in itself it a form of entity protection since the bank has first right to the property (meaning lawyers won’t be tempted to sue you over your equity in the property) Or do what I do… pay cash, or pay off your debts asap and do whatever you want..
@@tomshani6320 Get an attorney to situate an appropriate org chart. Large investors will only ever borrow with a single entity at the bottom of the org tree.
@@tomshani6320 I own two properties paid cash, rented out but planing to buy more. I’ve created an LLC to protect my assets with those two properties in LLC, would that be a good way to start?
@@alisah6431 good for you. Putting each property in a separate LLC is a good practice for sure. Since you don’t have a mortgage you can move the deed easily. However, check your state rules because some states consider the transfer of a deed as a sale (even if it’s from you to a company you own) making it a taxable event. There’s a few things you want to accomplish in “protecting your investment”: By putting it in a separate LLCs you are separating liability which is good, and you’re removing your name from public records. Which is good also, but not completely. Another way to protect is Insurance of course. It’s all about making your asset unattractive for lawsuits. Hope that helps!
Very excited to start investing in these, thank you sir. As a 6’6”, 200 lb surfer my best advice to you is to regularly do push-ups no wider than the chest, planks, and pull-ups. Your pop up ability and paddle technique will skyrocket 😎🤙🏼
Loving the real estate investment info. Would love to hear more about using predicted future rental income of current home to qualify to buy new home. Specifically in the state of Washinton. Is this hard to come by? What are the details? Learning a lot
I’m ready to buy but what I’m stuck on is which option is best for me. I want to ultimately flip full time and buy multi families. Will having more cash flow via multi families help with future flipping financing? Or will it hinder my qualifications? I’m still trying to understand alternative financing options. Love your content! But please stop yelling into the mic lol you owe me new ear buds 🤨
I love this channel, but you don’t need 50 houses to make over $5000 cash flow. I only have 5 houses that are pay off, and the cash flow before expenses is over $6,500 dollars
Thanks you are so much more straight forward compared to some of these internet "investing pros". Im into investing at many levels but this is my first time with property, im sure this is going to help a lot.
Beardy Brando! Thanks for the True Submeter suggestion! Im getting ready to build a granny flat on my own property to rent later, and was getting ready to pay THOUSANDS to the water company for a separate meter. True submeter may help me avoid all of that. Thanks
Thank you for covering this! Very great content as always !!! Currently shedding my hermit shell of single family & expanding over to small multi with the intention using this to then shift over to large syndication for apartments, self storage, and warehouse with national tenants soon 🙏🏼 Thanks Brandon & BP 😎
Hello I have no words to express my gratitude for your videos. But I have one question if these BP can be used in England too? If not can you suggest me something Thanks!
I personally want to say you thank you for all of these videos. You have made a large impact in my life and give real world advice that matters. Thank you Bigger Pocket
So after living in the duplex for one yr. can I move out of the primary residence make it an investment property and than get another FHA loan to purchase another duplex?
I love seeing the pictures of the deals. It’s definitely not bragging it being transparent. I would like to see a video with pictures of your biggest and smallest deals with locations. Thanks for all the help and videos you do Brandon :)
This sounds so great and I've been trying to do it alone for many years. Alone doesn't work, especially when you have a spouse who fights against doing it. I'm on my own now but have bad credit and living month to month with no savings. I feel that I'll never get off the ground to get that first deal done. Will your system work for someone in my condition?
Same. I know nothing of real estate or taxes and I’m tired of my job but interested in getting my real estate license. My S/O doesn’t fight against me but he is a when it works out I’ll help/start looking into it. So I’m all on my own looking for a teacher.
Getting ready to purchase our second deal. We have 14 units from one deal already. How can I make loans work to leverage what we have to have no down payment on the next deal (18 units)
i'm 62 live in las vegas as a truck driver, just bought my first house and would like to buy a multi family for investing, how much do i need to get started
52:13 If to do were as easy as to know what were good to do, chapels had been churches and poor men's cottages princes' palaces. It is a good divine that follows his own instructions: I can easier teach twenty what were good to be done, than be one of the twenty to follow mine own teaching. - Shakespeare, The Merchant of Venice
Brandon, We found a way!!! We just closed on our first duplex and are halfway through renovating the one unit. 100% sweat equity. We have a family of 4 and one income, aka not rich and no help from our families. It took 6 months of looking at properties and countless property analyses with a team we build. If we can do it anyone can. We cant wait to finish our reno's and move on to the next deal - toward financial freedom.
hows it going so far?
@@Shahablo no response
I've started the process of buying my first multifamily property, after listening to BP for over a year.
This podcast has changed my ENTIRE MINDSET on real estate & all the ways one can afford to invest in it.
I'll keep you posted how it goes & I, too, look forward to being on BP one day!
💯❤️
Thank you so so much this has been very inspiring and propelling me more into real-estate! I love multifamily I just bought my first multifamily home .I have a tenant right now renting it!! So I have to stay in it for one yr than I can utilize the equity on it and buy another multifamily!!! I love the mindset of the poor said I can not afford this , but the investor mentality says How can I buy it! i am new in this but I am getting there!! Thank you for your encouraging words . And knowledge!!we will encounter
Difficulties that is life but it is DOABLE!!! Yes yes!!!
2 years later, hows it going?
Investing in real estate is an opportunity alot of people take for granted. I'm a living testimony. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house 🏠 already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this
You are right. I also started my journey towards actualizing Financial independence. I am sick off earning from only one source especially 9-5daily. But I am having a tough time finding a good investment adviser. Seeing your testimonies, I believe that you achieved this through a good tactical means. I hope you don't mind sharing information on how you made it possible?
@@jarrettmacurdy3612 I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing
@@davidreus9321 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@jarrettmacurdy3612 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
I came in contact with Alexander diana Jose in a conference at Washington, I met with her after her speech and was opportune to invest with her. Ever since then all I can say is that my life has become better then my past. She’s a great personality in the states
Anyone can definitely do it. I think every boss I’ve ever had has told me I’m stupid but I just recently got my first multifam and generating positive Cashflow😅
I'm learning to listen to myself more than I listen to others. I respect and will hear what other people think, but if I miss out on a deal because of someone else, that hurts.
I’m thinking this same thing I wanna spend less time at work and more with family. I wanna use my equity on my home 100k in equity to buy a 5 or 4 bd apt and reduce my time at work my significant other makes very good money.
Hey, do you mind sharing your strategy on it? 😊
@@jonnymcgrath4816 Yessir, I actually just worked my network. My friends dad had a property he’s owned for decades and when I mentioned I’d like to buy a property one day, he told me about his and that he’d thought about selling it off
Check out other organizations too like your local church or F3 (they’re a men’s workout group in all major cities). Never know when someone happened to inherit a property for example and is willing to part with it for fast cash!
@@carlostosado8965 that's my goal too
I passed my real estate exam 1 yr ago and never signed up with exp realty (the broker I chose) bc of fear. The fear of not having a circle of friends or family that is into real estate. The fear that I don’t have a mentor. The fear of Messing up. My why to getting into real estate is to break the cycle in my family and be the first to ever do anything to leave for generational wealth. This video just spoke to me on a whole another level. I will get started and sign up for exp be an active agent so I can broker my own investor deals. Man this is the sign I prayed for.❤️
Go crazy
Don’t listen to friends and family who don’t understand investing. Get onto the BP forums and network. We all help each other there
I just started watching your guys' videos tonight and man...the amount of gold I've dug up just listening to you guys. I'm a new real estate agent looking to invest in my first rental property and you guys break everything down. Amazing, I thank you so much, eternally grateful 🙌🏼💪🏼
I put off RE investment due to limiting beliefs. Keller Williams gave me my first real estate book for investing. It is super thick! I have followed Dean Graziosi and Cody Sperber and others for many years. But you really motivate me! I AM READY!! Thank you so much!!!
2022 I’m getting my first duplex 😎
2022 the year of the duplex lol
@@angelmoreno3982 we
Did u?
@@eilenblanquicett7742 I'm looking for my 1st as we speak
Whats ur income like on paper?
how much are you being lended?
Whats the property price?
Whats the month to month looking like?
I am new to investing in real estate and BP has taught me soo much in this past year. I was looking into purchasing a home 2 yrs ago but happy I didn’t since I wasn’t fully educated. I believe I will be soon as I am starting real estate classes next month to gain more knowledge and get my license. I am starting late but my goal is 5 doors by 50. Never to late to start while educating my 17 yr at the same time
Even better trying to set the 17 yo up with a multifamily property during college years that way his lodging and some expenses are already taken care of. That's what I'm intending on doing for my little one. Good luck on the 5 doors!
Well, you’re younger than me. I’m 56 and I got my real estate license a little over two years ago. I’m starting in commercial real estate as an agent now, but my main purpose is to get enough income to start investing in multi family properties. The learning curve is big, but I will get there. I just need to start earning commissions so that I can buy my first property.
Just bought my first duplex. 2bed 1 bath separated by a single car garage in the middle. On a cal-de-sac Bought for 160k appraised for 190k. 750/month mortgage. Bringing in 1700/month (utilities paid by tenant!). Using this equity to buy the duplex up the street too!
Nice!
Amazing what state with those numbers?
@@Eightohh4tosevenfive7 Indiana!
I also bought one in Indianapolis end of 2022 for $225,000 bringing $2,340/mo managing by my realtor. I live in CA, never been to Indiana.
Just finished paying off my mortgage, now saving money for a down payment on a 4 plex. Thanks for all the great advice and information!
Tax free money with a cash out refi. Your tenants will pay it back when your cash flow begins
Or cash out refi with a brrrr
@@rubena6105 Na, make an LLC and then FHA.
Pull the equity out and put downs payments on 2-3 new properties.
@@HappyCleanersWA Not my style. I do one thing at a time and do it well. Already closing in on $25k saved, going to save for another year and watch my market for a deal on a 4plex.
Actually, as a kid I always wanted to be a real estate investor, thank you Monopoly.
yep, I still play monopoly today with the kids
LMFAO LITERALLY 🤣🤣🤣 I’m still a kid tho
Lmaooooo
I’m married to an accounting/business major so you had me sold at “Look honey, I did the numbers. This is a good deal”.
Dude I feel you so much!!! "I buy property rent it and want to surf" (same just rock climbing by me)
Bigger pockets and the rich dad company are in my opinion the two best sources for getting started with any form of investment.
Thanks for this...trying to take the plunge to buy my 1st...
Same
Same here
Me too guys
This video is literally changing my life today. I'm so pumped to start in this new journey. 🙌
Did you buy yet ?
First time listening!!! 🔥taking a leap forward!
Bought your book Brandon inspired me to buy rentals i got 4 single family 2 duplex - still looking for a fourplex and later an apt, now retired on real estate - thank u
congrats! what states do you invest in?
It's obvious you guys don't do this for the money, providing massive value, can see the passion to pass on the knowledge!
I love your unique perspective on things, it makes your videos stand out!
great topic im shopping for a duplex to house hack in broward south fla. I will say that they tend to be in questionable areas and FHA maximum qualification may not be enough for duplexes that are not falling apart and need a ton of work to make livable. It may make more sense to buy a nicer SFH and just rent a room/garage to a college kid for guaranteed income with parent cosigner.
Much appreciated! I'm trying to build the confidence to transition from single family to multifamily
Go for it. Like anything else, start small. See you on the other side!
Love this, ensure you have the seps in place to make it a smooth transition🔥
Investments are stepping stone to SUCCESS, Investing is what create wealth
When you invest, you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
Would love a video on how to scale .. after the first deal where do you go from there .
buy another one
He's made videos about it just look back to his older videos
i love how you just seem like a normal dude and not some person trying to appear like someone they aren’t like most other people who give investing, financial video advice
Love the passion, it really seems like you want your listeners to become successful and that energy is greatly appreciated.
I don't know what to say, other than thank you for these videos. I am about as ignorant as they come, i feel confident that with the information you guys provide, I could have a chance to owning, or being on my way to be financially free some day. I am very pumped and excited! I know that if I could pull this off anybody can! keep up the good work I'm looking forward to seeing all your videos and thanks again.
I love that white belt reference! Showing up and learning the basics.
Now that I found myself discipline I should be stacking enough money to get my first property within the next 48 months
48 months sounds realistic 👍
It's been 6 months since I last listened. And dang Brandon u just reinspired me! Great motivation mixed with how to. I love it...
yep, agree. some good fire.
My childhood friend, Nigel Guisinger, turned me onto you guys when I watched his first interview with BP. I'm just starting my journey and about to make some huge life changing moves. I'm just grateful that Jesus has blessed me and my family with this opportunity. I love Maui by the way! I was married on Mokapu beach.
Yesss! You’re the first I’ve heard to talk about Realtor! I thought I was the only one and I’m just starting
great video please update the bigger pockets tolls for Canadians investors thank you !
I was in contract with a financial partner and he pulled out, minor setback.
There is no failure. You either get what you want or learn what you need.
That is my saying
I like that saying😊
I found a property for 175 k with two homes, three storage containers and one giant place with heat to store anything for a business, i.e. driving lawnmowers for a landscaping business (thinking about it). I am going to put down an offer. Will bring in about 4500 income per month. without these videos, I never would have had the courage to believe in myself or in my ability to own properties. Thank you beyond words! I am sooo excited.
2023 i'm buying my first property!
Get it Ralph! What's your market?
Amazing content Brandon! You’ve convinced me to go after multi family as my second deal and Moving forward 😅
Thanks for all the content.. I purchased the multi family millionaire vol 1 TWICE... Got the email from Amazon stating it was delivered, I raced downstairs to pick up the package to find NOTHING!! I'm super disappointed because I'm sure that book has so much value and i wanted to support bigger pockets because you really pour back into others. I tried buying it on the website too but it was available. Hopefully I can get my hands on the book soon.
Bros a real boss. Self made leader , and putting people hip to the game for themselves to glo up
I respect it.
Really enjoyed the content! Very informative, please do more.
Very motivating video. I feel like a complete idiot in all this real estate stuff but this has given me a bit more confidence that I can do this. I feel like there is such fodder out there for fake gurus and biggerpockets has always seemed legitimate.
Invest where you might get shot. Low entry price in the game. Lol
Multifamily investing is the way to go.
I'm scared but not that scared so lm eventually gonna go for it. I'm already a tax preparer so l have to do rental income part if taxes. I see wat all is paid out so at least l git some idea. I would like to take a class tho and video is excellent 😊
what is the best way to research cities and/or neighborhoods to buy MF properties in? what re some of the best places for cash flow and some appreciation?
Dude, let’s go! Im 10 min in - you are talking about same thing! Cut to the chase…….
Just subscribed! This is exactly what I want to do but don’t have the cash for a down payment.
Started with SFHs and equity seems to have worked out better than multi family. But with cash flow multi family is king.
Thanks so much for the True Submeter suggestion. I will reach out for our triplex.
Has anyone here thought about buying residential lots and placing Boxabl there? Next step of course is renting that property out. I am just getting started. Another idea I had is demolishing old houses and putting a boxabl in place. Does anyone here like or not like this idea?
Whats Boxabl?
Yes Brandon I think it’s a small multi families is a great way to create wealth
One of the best guides on youtube
Love your knowledge, half way done with realty license, great information
Multifam is an awesome topic to be discussing right now!
Brandon. Thank you for your advise! I am getting into 1 unit now and now I am going to buy more Units. It is a condo! What do you think about Condo? Thanks
Hi Brandon, I’m on Oahu and know you’re on Maui. I wanted to see if there’s a podcast about specifically investing in Hawaii? What works? What doesn’t? Since I live here I thought it would be wise to start with a small multi family here and then possibly invest in other states. Any information on the topic would be greatly appreciated. I apologize if you all, already have an episode in this topic. Love the content!
I just got into purchasing a four Plex and thought I was going to put 3 1/2% down, until almost at the end of the deal they told me I had to put down more like 10% just to offset the rental income to mortgage payment ratio, which turned out to be like $28,000 more than I expected. Now I’ll have a fourplex, but I’ll have $848 less out of my paycheck per month and I’ll be living on a tight budget. My money will be locked in this property until I can get out of this deal somehow. Thanks a lot! 😫🤬
What condition is the 4plex in? If improvements will appreciate it over time you might be able to pull that money back out in a year or so depending on the market and what you purchased it for..
@@ybe87 it was built in 1949 but the final walk-through was yesterday and everything looked to be in pretty good condition. They just added some heating cooling split systems and three new water heaters
@@Rap-doggwas this bought through FHA?
Did I miss the part for the actual renovation costs ? I didn't see that cost included in the example of using the software. That should bring that return down some.
Love this Guy
Best channel out there on RE
Brandon, you are a great teacher--thanks for all the great information
Thanks Brandon for all the Bigger Pockets info! I bought my first duplex out-of-state this year with help from your channel, website, etc.
I m looking between getting a duplex or a second single family home. The duplex would break even or even less since the expected mortgage would be 3k and the expected rent per unit would be 1400 or less x2 2800. I guess it all depends on the state and situation
u can do conventional even with 5% down and fhas come with lifetime mortgage insurance
Thank you for the keeping me motivated! You have to get Shalove Geter on the pod this women is inspiring and I think it would be great to see things from a property manager's perspective too.
Great content! Best thing I did was buy BP pro so I can analyze deals. Thanks for the knowledge ! Bought your book too
Hi Brandon. Those who own multi million dollars in rental property tend to spread the properties under different entities for more asset protection. Is that something that can be done when you are leveraging?
F
NOT A LAWYER OR ACCOUNTANT,
Speaking from experience, the answer is not really but kinda..
No bank will lend a newly formed entity a mortgage. They would want it on your name.
You could buy it in your name and then move the title to an LLC but then you’re risking the bank calling your loan..
A good accountant (which I am NOT) can set you up with some loophole around entities using book loans and such.. seek the advise there.
HOWEVER, if you do have a mortgage, that in itself it a form of entity protection since the bank has first right to the property (meaning lawyers won’t be tempted to sue you over your equity in the property)
Or do what I do… pay cash, or pay off your debts asap and do whatever you want..
@@tomshani6320 Get an attorney to situate an appropriate org chart. Large investors will only ever borrow with a single entity at the bottom of the org tree.
@@tomshani6320 I own two properties paid cash, rented out but planing to buy more. I’ve created an LLC to protect my assets with those two properties in LLC, would that be a good way to start?
@@alisah6431 good for you.
Putting each property in a separate LLC is a good practice for sure. Since you don’t have a mortgage you can move the deed easily. However, check your state rules because some states consider the transfer of a deed as a sale (even if it’s from you to a company you own) making it a taxable event.
There’s a few things you want to accomplish in “protecting your investment”:
By putting it in a separate LLCs you are separating liability which is good, and you’re removing your name from public records. Which is good also, but not completely.
Another way to protect is Insurance of course.
It’s all about making your asset unattractive for lawsuits.
Hope that helps!
Hopefully this gets answered.. so you put it in the rent per unit and not the overall rent? Is the estimated rent for the whole place or per unit
Awesome webinar, thank you very much
Very excited to start investing in these, thank you sir. As a 6’6”, 200 lb surfer my best advice to you is to regularly do push-ups no wider than the chest, planks, and pull-ups. Your pop up ability and paddle technique will skyrocket 😎🤙🏼
Wut
One of the best videos I have seen. Great information and realistic. Thank you for sharing 👍
Loving the real estate investment info. Would love to hear more about using predicted future rental income of current home to qualify to buy new home. Specifically in the state of Washinton. Is this hard to come by? What are the details? Learning a lot
Awesome 😎 information!!! The more I listen the more I understand 😌!!!
I’m ready to buy but what I’m stuck on is which option is best for me. I want to ultimately flip full time and buy multi families. Will having more cash flow via multi families help with future flipping financing? Or will it hinder my qualifications? I’m still trying to understand alternative financing options. Love your content! But please stop yelling into the mic lol you owe me new ear buds 🤨
I love this channel, but you don’t need 50 houses to make over $5000 cash flow.
I only have 5 houses that are pay off, and the cash flow before expenses is over $6,500 dollars
I think he's talking about after money is set aside for repairs and what not. Also, yours are paid off so no mortgage.
Ummm if it's before expenses it's not cash flow....
Cash flow is what’s left after expenses. Your gross rents are $6500
He said you'd need 50 units IF your PERSONAL EXPENSES are $5000 but the cashflow from your investment is $100 AFTER Expenses on the investment
Hey man! I’m 22 and I’m just starting to learn about this stuff. Do you suggest I get pro?
Thanks you are so much more straight forward compared to some of these internet "investing pros". Im into investing at many levels but this is my first time with property, im sure this is going to help a lot.
At what point can you sell a multifamily building after purchase, renovation, and rental? Is there seasoning required?
Depends on the bank, some people do it in as little as a few days if u buy with equity
Thank you for this video . God bless you . Great information for the motivated !
Will definitely on your podcast in the future.
Beardy Brando! Thanks for the True Submeter suggestion! Im getting ready to build a granny flat on my own property to rent later, and was getting ready to pay THOUSANDS to the water company for a separate meter. True submeter may help me avoid all of that. Thanks
I understand the 1% rule now. So that's good.
Thank you for covering this!
Very great content as always !!!
Currently shedding my hermit shell of single family & expanding over to small multi with the intention using this to then shift over to large syndication for apartments, self storage, and warehouse with national tenants soon 🙏🏼
Thanks Brandon & BP 😎
Hello
I have no words to express my gratitude for your videos.
But I have one question if these BP can be used in England too? If not can you suggest me something
Thanks!
I personally want to say you thank you for all of these videos. You have made a large impact in my life and give real world advice that matters. Thank you Bigger Pocket
Are these available as a podcast? If so what episode?
Do I need to make move my homestead exemption to the multifamily or can i Keep it on my existing home?
This is an awesome training video. The information here is so valuable.
So after living in the duplex for one yr. can I move out of the primary residence make it an investment property and than get another FHA loan to purchase another duplex?
Let's go Brandon!
I love seeing the pictures of the deals. It’s definitely not bragging it being transparent. I would like to see a video with pictures of your biggest and smallest deals with locations. Thanks for all the help and videos you do Brandon :)
Should you hire a independent real estate consutlant to help you evaluate deals for your first deal? Where can I find someone like that?
This is awesome information. Thanks for sharing!
This sounds so great and I've been trying to do it alone for many years. Alone doesn't work, especially when you have a spouse who fights against doing it. I'm on my own now but have bad credit and living month to month with no savings. I feel that I'll never get off the ground to get that first deal done. Will your system work for someone in my condition?
Same. I know nothing of real estate or taxes and I’m tired of my job but interested in getting my real estate license. My S/O doesn’t fight against me but he is a when it works out I’ll help/start looking into it. So I’m all on my own looking for a teacher.
Oh wow laulau...mahalo for all the info and aloha you share!!
Getting ready to purchase our second deal. We have 14 units from one deal already. How can I make loans work to leverage what we have to have no down payment on the next deal (18 units)
Beautiful family Brandon! Smile.
i'm 62 live in las vegas as a truck driver, just bought my first house and would like to buy a multi family for investing, how much do i need to get started
52:13
If to do were as easy as to know what were good to do, chapels had been churches and poor men's cottages princes' palaces. It is a good divine that follows his own instructions: I can easier teach twenty what were good to be done, than be one of the twenty to follow mine own teaching. - Shakespeare, The Merchant of Venice
Fantastic Video! Thank you for all the great information!!!
Thanks... super good information