Yup, it seems like it. He is doing it for TikTok, TH-cam, and Facebook to get a views and he gets paid for views on his videos. He's just running up to buildings saying he owns them, how much he makes from them etc etc and they are owned by someone else. People be falling for what he says.
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
Broke mentality 😂💀you get to save on down payment, can move anytime, don’t need to sell the property, don’t need credit, won’t worry about repairs and many more for renting
Building a good investment portfolio is more complex so I would recommend you seek professional support.This way you can get strategies designed to address your unique long term goals and financial dreams
Initially I have lost interest in Bitcoin trading and investment platform,I was watching video on TH-cam,I saw many people giving testimonies about Expert Hawkins Nicholas,I said wow!! Let me give him a try
I own multiple properties .!. This is plausible depending where this is located. With rents that high this building should be worth a minimum of 2 million.
Whether this is his building or not he's lying. Perhaps the total roi would be 90k if nothing ever happened. Repairs, renovations, listing and etc, he would be lucky to get half that amount every year. But don't get me wrong $45k passive is still better than zero
Totally, he leaves out a lot of the other "not expected" costs. And those are the most expensive ones to fix and can. At times destroy your profits for the year, maybe even put you in the red.
Yep, I budget for about 80% fully paid occupancy. You can do things to encourage people to stay there, like making sure you take care of maintenance, and generally ensuring it’s liveable and comfortable. If you treat your property like crap, how do you expect your tenants to look after it?
@@adam.visionyeah, this sort of place is not a starter investment. Do some house hacking, do a few BRRRRs, build up some resources while you further educate yourself on the process. Build a duplex, then a fourplex, *_then_* build one of these.
The property manager charges minimum 3000 a month for this kind of 10 unit property and the property taxes probably at least 1500 a month. So your mortgage PI is around 4500 a month. With 5% interest(assuming you got the loan a few years ago at a lower commercial RE rate), that’s easy 900k loan. + the 1.5m equity that’s 2.4m total property value. The MoM is really just 200k/2.5m = 8%. Not low but not impressive either considering the amount of down payment and hassle required. Some major repairs can easily wipe out your whole year cash flow.
Also, what about the time it sits empty between tenants? 1 month empty, to prep and find new tenants for a unit is going to be 20% of your yearly earnings. Carpet, paint, labor, advertising, missed rent, etc....
9000 for p and I, taxes and insurance a month. He must have put have put 80 percent down, AT LEAST. Which for that building was millions. He’s leaving a lot of numbers out
This is crazy. What about maintenance (for example leaking pipe), utility bill such as water, vacancy and tenant turn over? The toilet never breaks, sink and roof never leaks, property manage itself, tenant returns a turn key property and another tenant move in the next day. What is he promoting?
A mortgage with a 1.5m price tags would be around 11-12k a month and that only covers interest, insurance, and the actual loan payment. So many other factors to play into the total cost as well with maintenance, gaps in attendants, etc
It would help to know how much it cost to buy, so we can calculate roi. Also helpful to know if you added additional units since purchasing. And helpful to know how much equity accrued through paying the mortgage and how much in appreciation
they still make very good amout. specially the one that have old mortgage of 3k if they sold same property mortgage will be 7 or 8k or even more depend if it renovated or has more unit
@@srtev2813 what if you lose your job? What if you get into a car accident that immobilizes you got 3 months? There’s plenty of reasons to not do something, you have to be willing to risk it for the biscuit.
He gets them on a mortgage with a good credit score and refinances it to put it on a 30 year period and Keeps 😊reinvesting the rest. You think ppl pay the full price regardless of how expensive the property usb
I’m going to make a video standing in front of a skyscraper and say I rent out these offices for money and my mortgage is this much ! Then security tells me to leave the property 😂❤🎉
Anyone with even a minimum of real estate knowledge knows that these numbers are just too good to be true. (If true, he must have purchased this property a long time ago when prices and mortgage rates were lower.)
You forgot damages, repairs, maintenance, taxes, utilities, skipped rent, evictions, court cost, attorney fees , lawn care, snow removal, sewer line collapse backing into the basement, tornado taking off the roof, trees falling into the building, baseballs going through windows, tenants doing remodeling...want me to keep going?
he did, mortgage and insurance were added to the 9k he quoted along with the managers pay. but he also said he has 1.5 m in equity, so his mortgage is probably lower than we expect.
This man is living in his car on his way to the Salvation Army for lunch and groceries. It's Wednesday. Recorded on government phone and uploaded at public library.
fair point, but let me re-word it for ya: imagine being the person who actually owns this, and looking outside your house to see this random weird guy making a fucking TikTok. 😆
This is doable. It all depends the location, city, etc. and everybody on this post is making him money via the TH-cam algorithm and viewership. He understands the concept of making money. My old landlord explained it to me back in ‘05, I should’ve listened to him.
My husband and I used to own homes and condos and rented them out. That is such BS that he is making that much because he is not accounting for repairs, paying taxes, etc.
Omg...this is crazy, how many negative comments....how do you all know he's lying....you all don't know...they're just jealous of your success Thach...keep soaring, keep these videos coming, they are absolutely motivating...Thank you Thach.
What about when every unit isn’t rented. Or when a bad tenant moves out with damages exceeding their deposit (even if you can sue them there are costs. What about when you have to evict a tenant. What about repairs to the building. The actual representation being made here is inaccurate to say the least. Can you get positive equity and cash flow, absolutely. But that comes with costs and risks that are not mentioned here.
And this is why rents are out of control. Again the fact you make almost 6 figures off one building with 6 units is the reason why this whole situation with out of controls is happening.
Did you forget to tell them what happens when the tenants don't pay their rent or pay it 2 months late, damages to the property, law suits, legal fees for evictions etc. etc.
@@billhoward5580 no, it actually is proven to be the largest pool of self made millionaires in history. Now if you would like to speak on something other than facts.
@@vanderumd11 whatever bro they bought all real estate with the money they made from real work as a result of thier endeavors as tax shelters and what not nobody makes millions from real estate they buy millions in real estate from the money the make in real life you do the research real estate wealth is fake its a number on a paper man get real money as in liquid money not asset worth bullshit
This is a very common practise. Some owners even live in their own building basement to cut their own living costs. Live for free. The only thing I always worry about is when a tenant moves out your scrambling to look for a tenant because the clock is ticking for that $9000/ month bill.
@@vanderumd11 until someone gets sued when they go on the property. It's a lot of headaches believe me a glamorous side of being a landlord is great but they don't tell you the bad stuff that can happen.
How did you obtain the 20% down to purchase the building with a commercial RE loan? Just curious. I am working to obtain my first property it is slow because right now my business is slow.
@@montuna4686 if you don’t own any commercial real estate you can’t refinance or sell. A HELOC is for a home not commercial property. I was just curious how the 20% was obtained.
@@cynthiacleaver9515 I just told you. Refinancing, heloc, or selling. You just said you plan on buying your first property. One day you will have the option to refinance, open a heloc, or sell it. That is how you get to your next deal. I have 7 properties and I only had to come up with the down payment for the first. The rest was because the first gave me options.
@@montuna4686 congratulations on the 7. It’s going to take time to save the 20% for an apartment complex in a desirable area. Still won’t be able to get a heloc since they are for homes not commercial properties. Just saying.
@@montuna4686 after thinking about your comment sounds like you own either homes or individual condo units. I am referring to apartment complexes. True commercial properties.
if you actually do the math it doesn't add up. Typically takes 200k per unit to build he would be around 13k a month for mortage if he built it for 2,200,000 unless he put a lot down.
That s what a property manager is for. As he mentioned he has one and it’s one of the main responsibilities of PM to put in maintenance orders for tenants who need it. If the property owner is smart he makes a budget of estimated maintenance costs for the month adding extra to account for unexpected issues
Regardless, he needed a 20% down payment, which took years to save so his total costs need to include the deferred interest income. It's not as easy as he makes it out to be.
He's not mentioning all the headaches, repairs and overall work being a landlord to all those people would create. Still a great job/investment but it's not as simple as he's making it out to be.
@@KO-zi2xf You are correct. However he can make the necessary repairs with the positive cash flow he creates. The building looks to be in pretty good condition. If the property is maintained there will not big repairs to make. I do it with properties.
@@KO-zi2xf igree i a plumber and i know how landlord dealing with bad tenant many times tenant destroy entire unit after moving them landlord have to spend thausand on repairs that happening very often today bcz rent go up a lot
$7000 profit in a month. I made $4500 in profit in 2 days trading options. Zero headaches dealing with the other riff raff that comes with rental property
He just walked up to a random home
Yeah last time he said he rented these for $3500.
haha communist China property
He said 1625 but the screen said 1650 inflation a bitch
Sounds like Trump...a fraud.
Yup, it seems like it. He is doing it for TikTok, TH-cam, and Facebook to get a views and he gets paid for views on his videos. He's just running up to buildings saying he owns them, how much he makes from them etc etc and they are owned by someone else. People be falling for what he says.
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
it’s a personal decision, but Forbes says housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend one?
She's “ Sonya Lee Mitchell''. I choose to delegate my excesses to her because of her expertise. I suggest you look her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I've never heard an accent go from Asian, to Spanish, to new Yorker, to regular English in less than a minute
He looks like hes mixed Asian, Mexican, and Italian.
He is asian, his English was poor, he picked up accents from his friends and media unknowingly.
He sounds like Sid from ice age and looks like Elon musk 😂
Tyyyymes tiin don't forget Texas too
@ROCKET MAN same repetitive motions I think he might be having a stroke
"Sir, I was just asking for directions"
😂😂😂
😂😂😂
😂😂😂
😂😂😂
Loooooool
This man really do just walk up to random properties
That what i thinking 🤔
What to laugh👇
comments 😂😂😂😂😂😂
Nope. I’ve met him. He’s real and he’s rich as fuck lol.
His actually a multi millionaire. I know him and yes he owns those properties and then some.
@rocketman-qb9soCan't fake real estate, look him up, and if he owns that building you will find where
Next he’s going to walk up to the White House and say how much money he makes renting it.
😂😂😂😂😂😂
Every house in Vietnam is his and he rent it out to the people of Vietnam.
@@azlanbinismail 😆😆
Man, i am in tears.thanks for the great laugh...
Lmao😂
Real Owner: Sir this is private property you have to leave now.
😂😂😂😂😂
In the main time,
son: dad theres a Chinese guy recording our house
Dad: get my gun!!!
The tenants in the house
"Our landlord is making tiktoks while he collects rent again 🤭"
Or they tell the landlord some rando making tiktoks of how he's the landlord
Broke mentality 😂💀you get to save on down payment, can move anytime, don’t need to sell the property, don’t need credit, won’t worry about repairs and many more for renting
@@-Sam69 lmao what
And talking about how he makes almost 50%
People like to brag about success stories but never want to show you properties that didn’t work out so well.
Exactly. These numbers are exaggerated.
he also had everything handed to him in life and never faced any adversity. mommy and daddy's money gave him his so-called "real estate portfolio." 😆
Building a good investment portfolio is more complex so I would recommend you seek professional support.This way you can get strategies designed to address your unique long term goals and financial dreams
Same here, a Transformations of £4000 to a £15,400 in just 2 weeks, he's the really best
Initially I have lost interest in Bitcoin trading and investment platform,I was watching video on TH-cam,I saw many people giving testimonies about Expert Hawkins Nicholas,I said wow!! Let me give him a try
His contact
┼𝟏𝟒𝟏𝟕𝟑𝟏𝟓𝟏𝟔𝟏𝟕👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾☀️☀️
Let him know you were referred by one of his client
As a landlord. I'm calling bullshit
I own multiple properties .!. This is plausible depending where this is located. With rents that high this building should be worth a minimum of 2 million.
@@legacyturbo8485 I own multiple units. I wish I did half that profit
@@shanestanton5481
Dam you own MULTIPLE apartment buildings an net LESS than 45K a year???
This is legit. I do this too. In a board game.
@@shanestanton5481 so because you can’t do it no one else can? Right
Whether this is his building or not he's lying. Perhaps the total roi would be 90k if nothing ever happened. Repairs, renovations, listing and etc, he would be lucky to get half that amount every year.
But don't get me wrong $45k passive is still better than zero
Agreed
Totally, he leaves out a lot of the other "not expected" costs. And those are the most expensive ones to fix and can. At times destroy your profits for the year, maybe even put you in the red.
I live there and can assure you this man has nothing to do with this building
Only if you rent every unit, AND nothing goes wrong, AND everyone pays their rent
Yep, I budget for about 80% fully paid occupancy. You can do things to encourage people to stay there, like making sure you take care of maintenance, and generally ensuring it’s liveable and comfortable.
If you treat your property like crap, how do you expect your tenants to look after it?
Don’t forget about the capital required for a down payment in the first place
@@adam.visionwhich is generally how much? $500k?
@@adam.visionyeah, this sort of place is not a starter investment.
Do some house hacking, do a few BRRRRs, build up some resources while you further educate yourself on the process. Build a duplex, then a fourplex, *_then_* build one of these.
This dude might want to have his accountant show him the math.
I make over $4500 a month after expenses on just a duplex in Los Angeles lol
@@Top10soonnice one man!
Yeah if you purchased it in the 80s
All I wanna know is how the fuck he's fitting 10 units in that shoebox. That thing should be 1 family home.
@@BobSmogyeah like a family of 12 lol
The property manager charges minimum 3000 a month for this kind of 10 unit property and the property taxes probably at least 1500 a month. So your mortgage PI is around 4500 a month. With 5% interest(assuming you got the loan a few years ago at a lower commercial RE rate), that’s easy 900k loan. + the 1.5m equity that’s 2.4m total property value. The MoM is really just 200k/2.5m = 8%. Not low but not impressive either considering the amount of down payment and hassle required. Some major repairs can easily wipe out your whole year cash flow.
The property manager Typically gets only 10%. He's probably already included that expense in his net income.
Thank you for the thorough breakdown. I personally appreciate it
After the IRS contacted him regarding this income he told them it was just a TH-cam video to make pocket change😂
Haha. Like being a farmer....try to convince the bank you make alot of money, while trying to convince the government you lose money 😂
😂😂
What about maintenance?
Roof, Siding Paint, Carpets, Plumbing, Cabinets, Landscaping, Doors, Windows, Appliances, water heaters, Fixtures, etc...
Also, what about the time it sits empty between tenants? 1 month empty, to prep and find new tenants for a unit is going to be 20% of your yearly earnings.
Carpet, paint, labor, advertising, missed rent, etc....
1700 dollars a month for a 10 square feet apartment😂
Crazy, I was thinking the same thing.
Don't lie, it's at least 100.
I was living in a 96sqft studio by the beach in California. I retired and 3weeks later my landlord said she was gonna double my rent.
LoL
Ik right? That entire building should be 1 house
new york city ahh deal
9000 for p and I, taxes and insurance a month. He must have put have put 80 percent down, AT LEAST. Which for that building was millions. He’s leaving a lot of numbers out
Thank you, thought I was the only one who thought this
You’re probably right. He said 1.5 million equity and the building could be worth like 2 million. Those profit margins are insane
Don't forget the percentage you have to set aside for repairs and maintenance
This is crazy. What about maintenance (for example leaking pipe), utility bill such as water, vacancy and tenant turn over? The toilet never breaks, sink and roof never leaks, property manage itself, tenant returns a turn key property and another tenant move in the next day. What is he promoting?
My dad was doing that too
Renter didn't pay
Government it's on their side
You are very lucky
You have a good renters
Do not forget any repairs that need to be done as well.
Nah why would he budget for that
You know that guy doesn’t do shit
A mortgage with a 1.5m price tags would be around 11-12k a month and that only covers interest, insurance, and the actual loan payment. So many other factors to play into the total cost as well with maintenance, gaps in attendants, etc
How Tf did you get 11-12k as a mortgage for a 1.5m property? 😂😂😂😂
What did he put as a down payment?
That’s only if it’s fully occupied, not to mention landscaping and maintenance.
It would help to know how much it cost to buy, so we can calculate roi. Also helpful to know if you added additional units since purchasing. And helpful to know how much equity accrued through paying the mortgage and how much in appreciation
A/C goes out, heat, washer breaks, tenant leave you have to repaint and repair
Poor man mindset^risk averse, makes 40k a year and is happy.
they still make very good amout. specially the one that have old mortgage of 3k if they sold same property mortgage will be 7 or 8k or even more depend if it renovated or has more unit
If a landlord can make 5% on equity he's extremely lucky.
What if the tenants don't pay rent that's a problem because its a process.
@@srtev2813 what if you lose your job? What if you get into a car accident that immobilizes you got 3 months? There’s plenty of reasons to not do something, you have to be willing to risk it for the biscuit.
For this to work you would need to pay $1 million for this 10 unit apartment. Good luck finding that in a good renters market area.
LOL!!! Not in L.A. 1 millie gets you a busted up 4 unit.
@@anthonyrussell9706that’s why you stay out of Cali
When he came there in 1975 it was a Getto
He gets them on a mortgage with a good credit score and refinances it to put it on a 30 year period and Keeps 😊reinvesting the rest. You think ppl pay the full price regardless of how expensive the property usb
I’m going to make a video standing in front of a skyscraper and say I rent out these offices for money and my mortgage is this much ! Then security tells me to leave the property 😂❤🎉
Anyone with even a minimum of real estate knowledge knows that these numbers are just too good to be true. (If true, he must have purchased this property a long time ago when prices and mortgage rates were lower.)
All tenants pay 100% and no vacancies????
Yep
Well in reality u must have vacancies at least 20% that + tenant not paying rent and we don’t talk about maintenance
Rent from packed paid tenants pays for the empty units
You forgot damages, repairs, maintenance, taxes, utilities, skipped rent, evictions, court cost, attorney fees , lawn care, snow removal, sewer line collapse backing into the basement, tornado taking off the roof, trees falling into the building, baseballs going through windows, tenants doing remodeling...want me to keep going?
7500 in cash flow is nice, but he forgot to include debt service
he did, mortgage and insurance were added to the 9k he quoted along with the managers pay. but he also said he has 1.5 m in equity, so his mortgage is probably lower than we expect.
The missing piece- the entry cost.
The IRS loves this kind of transparency.
This man is living in his car on his way to the Salvation Army for lunch and groceries. It's Wednesday. Recorded on government phone and uploaded at public library.
Imagine looking outside of the window to your apartment and seeing your landlord filming a fucking tiktok
fair point, but let me re-word it for ya:
imagine being the person who actually owns this, and looking outside your house to see this random weird guy making a fucking TikTok. 😆
This is doable. It all depends the location, city, etc. and everybody on this post is making him money via the TH-cam algorithm and viewership. He understands the concept of making money. My old landlord explained it to me back in ‘05, I should’ve listened to him.
Wow, exactly what I want . Well 3 of them. Life goals
My husband and I used to own homes and condos and rented them out. That is such BS that he is making that much because he is not accounting for repairs, paying taxes, etc.
Omg...this is crazy, how many negative comments....how do you all know he's lying....you all don't know...they're just jealous of your success Thach...keep soaring, keep these videos coming, they are absolutely motivating...Thank you Thach.
That's bs. I owned a couple apartments, and taxes kicked my ass and I couldn't make any good profit...
😂😂😂😂 the comments nailed it. Buddy just walk up to a random apartment complex and stated maxing a video.😂😂😂
He’s legit.
I sent you a home information, so. Do you have money for your home?
Assuming all the units are filled and paying at all times.
for all the people who say he “walks up to random buildings”. Thach Nguyen has a real estate portfolio worth over 100 million dollars
What about when every unit isn’t rented. Or when a bad tenant moves out with damages exceeding their deposit (even if you can sue them there are costs. What about when you have to evict a tenant. What about repairs to the building. The actual representation being made here is inaccurate to say the least. Can you get positive equity and cash flow, absolutely. But that comes with costs and risks that are not mentioned here.
This guy must be one of those PPP loan scammers, his real estate numbers, the advice he gives, and more just show you he doesn't know a damn thing.
That’s the way to do it! Once you get over like seven units, cash flow becomes nice
Guys if you watch his videos you’ll see that he actually built this property from the ground up
And this is why rents are out of control. Again the fact you make almost 6 figures off one building with 6 units is the reason why this whole situation with out of controls is happening.
Tell me how you're getting 10 units out of a three-story building
I used to live in a 3 story building like this one had 4 apartments per floor
Use your head 🤦♂️
Have to illegally rent out basements
THERE'S A 7 STOREY UNDERGROUND..WITH FREE WATER FLOOD
2 floors 4 units ground 2 units.
Not hard
Sir this is a Wendy’s
I literally just laughed out loud
Apartments and houses should NOT be cash generating investments (whats happening to canada is gonna happen in the us at this pace)
This guy is living one of my objectives
“Welcome to city wok can I get your order please”
Lol racist
In Canada it will cost you +/-225k per unit to build..
Then buy in the states?
I’m waiting to hear you say “DAAANG”😅 good content!!!!
The power of real estate investing 🔥🔥🔥
Did you forget to tell them what happens when the tenants don't pay their rent or pay it 2 months late, damages to the property, law suits, legal fees for evictions etc. etc.
Yes, that's part of business. You pay insurance... Lost rental income due to damage
@@vanderumd11 real estate is a horrible investment if you dint have years of back up cash to float it
@@billhoward5580 no, it actually is proven to be the largest pool of self made millionaires in history. Now if you would like to speak on something other than facts.
@@vanderumd11 whatever bro they bought all real estate with the money they made from real work as a result of thier endeavors as tax shelters and what not nobody makes millions from real estate they buy millions in real estate from the money the make in real life you do the research real estate wealth is fake its a number on a paper man get real money as in liquid money not asset worth bullshit
He probably has some systems in place to help deal with that. And probably that big profit margin has its way of helping
“16-hunnid” Subscribed 😭
Ive never seen someone like this dude who is asian, native american, caucasian, mexican, and Italian all at the same time.
Somebody’s drunk uncle escaped the insane asylum again…….🤣
Show the mortgage documents
Dude forgot the income tax and maintenance fee
All lives matter, so don't hate the messenger, just because he walked up, if the information adds up. Do your own dudelegence.
Congrats 🍾. I have many that keep telling me to not do multi family housing or real estate at all. Their fears will not keep me from my shat 🌚
Do it... Just don't believe the numbers this guy is tossing out
This is a very common practise. Some owners even live in their own building basement to cut their own living costs. Live for free. The only thing I always worry about is when a tenant moves out your scrambling to look for a tenant because the clock is ticking for that $9000/ month bill.
Nah you just make 8k instead of 9k
Write off losses
@@Tayy yeah but to get to 9k it's a big headache
@@vanderumd11 until someone gets sued when they go on the property. It's a lot of headaches believe me a glamorous side of being a landlord is great but they don't tell you the bad stuff that can happen.
If there was no subtitles.... no way I would get what he's saying 😂😂😂😂😂
Love these videos man thank you
This guy should run the FED.
No
😂😂
And when the renting season is over, you pay the mortgage out of your ass.
Renting season? 🤣
He’s in Seattle. Not an issue here
And you depreciate the whole building helping you a lot on your taxes
He forgot to mention maintenance repairs and stuff
Where do I find a floor plan like this?
How did you obtain the 20% down to purchase the building with a commercial RE loan? Just curious. I am working to obtain my first property it is slow because right now my business is slow.
Normally it’s from refinancing, heloc, or selling.
@@montuna4686 if you don’t own any commercial real estate you can’t refinance or sell. A HELOC is for a home not commercial property. I was just curious how the 20% was obtained.
@@cynthiacleaver9515 I just told you. Refinancing, heloc, or selling. You just said you plan on buying your first property. One day you will have the option to refinance, open a heloc, or sell it. That is how you get to your next deal. I have 7 properties and I only had to come up with the down payment for the first. The rest was because the first gave me options.
@@montuna4686 congratulations on the 7. It’s going to take time to save the 20% for an apartment complex in a desirable area. Still won’t be able to get a heloc since they are for homes not commercial properties. Just saying.
@@montuna4686 after thinking about your comment sounds like you own either homes or individual condo units. I am referring to apartment complexes. True commercial properties.
Some of yall need to stop hating in the comment section acting like landlords don't exist. 😳
if you actually do the math it doesn't add up. Typically takes 200k per unit to build he would be around 13k a month for mortage if he built it for 2,200,000 unless he put a lot down.
What if there are plumbing issues or other unexpected issues
That s what a property manager is for. As he mentioned he has one and it’s one of the main responsibilities of PM to put in maintenance orders for tenants who need it. If the property owner is smart he makes a budget of estimated maintenance costs for the month adding extra to account for unexpected issues
Wait, I own that building. Get off my lawn
Man Im trying to get my flow like this 🙏🏾
For some reason, I feel like somebody put the most racist sounding dubbed audio on this video.
How can I find a good property manage
They should tax more property owners
And people wonder why rents keep going up??
I never understood the Lords of the Land...
A market of basic need and someone else can own your home they'll never need.
@@scowlermr.r633 whose stopping you from building your own home? Go ahead
Awe regretting past life choices? Try not to get more mad when your rent gets increased more.
Regardless, he needed a 20% down payment, which took years to save so his total costs need to include the deferred interest income. It's not as easy as he makes it out to be.
Yoooo so nobody gonna mention how this dude looks like Asian Elon Musk?😂
Yeh, it sounds great, but remember, most Tennant will not pay these days. It is really hard to keep up with it
Damnn man I need to do this!
Hahaha sound good to be thrue 🤯
He's not mentioning all the headaches, repairs and overall work being a landlord to all those people would create. Still a great job/investment but it's not as simple as he's making it out to be.
@@KO-zi2xf You are correct. However he can make the necessary repairs with the positive cash flow he creates. The building looks to be in pretty good condition. If the property is maintained there will not big repairs to make. I do it with properties.
@@KO-zi2xf igree i a plumber and i know how landlord dealing with bad tenant many times tenant destroy entire unit after moving them landlord have to spend thausand on repairs that happening very often today bcz rent go up a lot
$7000 profit in a month.
I made $4500 in profit in 2 days trading options. Zero headaches dealing with the other riff raff that comes with rental property
Hood China man 😂 dropping gems
Show people this when they try to defend rent spikes.
Good job can’t understand words out ur mouth
😂😂😂
Sounds EXACTLY like the Shytti Wok restaurant character in South Park
Multifamily investing is the way to go!
American Greed this is why so many people losing their home American Greed
You left out the part about people not paying or things breaking. Don't leverage yourself that much. Good way to go bankrupt.
They never talk about vacancies, repairs, maintenence, other expenses. This "cash flow" isn't all profit.
He’s from wa state, he’s legit. Started off as real estate agent (as am I) I know of him. He walks the walk.
Message me 👆👆👆👆on telegram
For mentorship on real estate investing
This is amazing!