Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash market fatigue is showing with most folks. Most are so tired of hearing about the worse even though it’s true. My $200,000 share holdings are down 17%
Yes, and unlike you, a good number of folks are raking in huge gains even in this downtrend, but such strategies are mostly successfully done by experts.
I like to have an asset manager review my daily market decisions for this exact reason: their vast experience in simultaneously going long and short, utilising risk for its asymmetrical upside, and laying it off as a hedge against the inevitable downward turns makes it nearly impossible for them to underperform. After working with a manager for almost two years, I've earned more than 85% of my starting salary.
‘Sharon Ann Meny’ 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.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
I work with Rebecca Noblett Roberts as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
My strategy combines ETFs for dividends and growth, including JEPI, DIVO, QYLD, SCHD, and JEPQ. Last year, my dividends totaled $102K. but not sure how to mitigate risk thus far for this year.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
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.
I had to look up what seller finance was. You basically sign a legal contract with the seller to pay them an agreed monthly repayment plus an initial deposit until the entire debt is paid off. Like a bank loan but with the seller.
a win win for the wealthy who have already depreciated their real estate asset...theyre going to have a hell of a tax burden if they sell through traditional means and get a full check at closing...thats the biggest incentive to convince someone to owner finance - "hey, lets both win, and reduce your tax burden."
I saw this young guy years ago on biggerpockets, then on his TH-cam channel. He is richier every year and I am always the same idiot watching videos and not taking action 😂
You have done better than us. We had to start with $0 and 0 rentals and bought our first 15 deals without ever having liquidity. This year is the first year we started to have any money. Took a few years of projects and stabilization to get rolling. Congrats on your success
Correction: Ben Mallah promotes selling your deals and tax differing the profits by rolling over it into a different property of equal or great value (1031 exchange). He does promote cash out refinancing if after running your numbers you make a 9% or more cap rate, because you never sold you do not get taxed on the proceeds of this event.
High interest rates are the best times to go for seller financing if they’re a serious owner. Just have to find out who is legit trying to sell and who only has their property listed super high to see if they can cash out on the market. Don’t be discouraged by the ones who flat out say no or have aggressive terms on the seller financing
How does one find deals that Are willing to seller finance? I am always hearing how cash is king and nice properties always go to the all cash offers or whatever is closest. It just seems like a huge disadvantage to have to educate and sell a seller on this kind of a deal. I wonder what their deal exploration/offer vs completion ratio looks like?
Great Interview!!! Nobody really dives into Scaling a real estate business. I feel like these boys dove into it a little bit. I found it very helpful. These guys are putting folks onto serious game..you just have to listen, take notes..and go apply this shit. These guys are incredibly bright people. I intend to follow their bull print. the ole saying is "it takes money to make money" ....well, them days are changing! Creative Finance is changing the game!
What an amazing interviewer. Props to these two investors of course, but let’s give props to these questions and the structure of this video. Great work!
I don’t know anything about real estate, but doesn’t owner financing mean the owner has the deed until the loan is paid in full? If so, isn’t he 25m in debt?
I've always heard real estate is the way to go to get rich. But whenever I try to watch videos about it or read basic info about it, my eyes glaze over when I hear all these real estate terms. It seems so complicated and foreign to me. But these guys - and other people as well - make it all seem so easy and a piece of cake. I wish I understood all this and make big money like everyone else seems to make that is involved with real estate. It's like you never hear anyone fail in estate. Does everyone end up making money in real estate?
There is a guy here who started at 19 just as i was starting to get a two family. He was dealing with 3 million dolllar deals. I was like wtf. It is all about connections. Go meet with people who are doing what you want to do.
Cases like these don’t happen often because believe it or not this kid got a lot of help from other experienced people, so yes he did put in the work to say “make his own luck” but again everyone starts somewhere and if you stay consistent your luck will come also
Just a small takeaway from the choice to refinance or to own outright. Owning a property outright could make you a target for predators in the event they have a case to sue you. The less equity you have the less reward for them.
The most correct answer is create a separate holding company pay off the property and place a new mortgage against the property with the holding company. You owe yourself the debt but the property appears leveraged to predators. Just make sure you file that LLC in Nevada or Delaware
About 8MM in equity between the 2 of us. Definitely no capital, we spent it all on renovation and expansion. There are phases build and stabilize phase everyone stays pretty much broke. We are just now starting to stack cash reserves again as we start to optimize.
@@Multifamilystrategyyou guys are my inspiration 🙌 I also am going to be a millionaire in my 20’s so it’s heartwarming to see that people can do it despite the odds
Incredible episode! The insights shared by Christian and Cody are nothing short of a game-changer! Their strategies and success journey are beyond inspiring-truly a masterclass in achievement. 🏆 Thank you, Upflip, for bringing us this phenomenal content! 🔥 Looking forward for more nuggets of wisdom in future episodes. Keep raising the bar!
Christian and Cody's journey is a masterclass in the power of intentionality. Starting with limited resources but limitless vision, they've shown that real estate isn’t just about property-it's about people.
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.
I think his point to refinance the Ben Mallah way is he's not doing multi-unit, single family, and air B&B. Ben mall is doing Triple-NET (NNN) deals that scale quite considerably which means the taxes and etc are on another level of getting money. Although Ben has some residental communities, those are usually from what I can tell Elderly Section 8 niche's that offer some sort of tax write off. Hes also on top of his real estate by ensure the little things are taken care of.
amazing, i relate on a personal level with introversion i also training myself to become an articulate speaker building rapport with individuals finding solutions to problems. the insight of strategy and structure as always is invaluable
Someone with the right collateral. Cody's first deal was fantastic and if he failed to pay the debt the investor got his equity. He didn't fail but if he did the collateral was better than the interest rate
As a not really experienced real estate agent with only 5 years working in the sector, I was curious to know how he bought it without a down payment. From what I understand there was a downpayment, it just wasn't his, but there was (from an investor and a seller). Min 4:40 I've been trying to figure out how to buy a property without a down payment for long 5 years ... in the past (before the 2000s) it was easier. Nowadays I haven't figured it out yet but I hear there's a way, I just haven't figured it out yet What guarantee does he have that you will pay on time? If there is no collateral, no one lends money. If you don't have a car or another property with the same or greater value as the property you want to buy, no one in their right mind will lend you money. How will the seller assume a debt for you (whether credit or money) if you don't have a guarantee, such as an excellent score, salary or secure annual cash inflows? Or I simply didn't understand what he said he did.
The understanding is that the seller will recieve 12% on top of the selling price for the benefit of loaning the property. Essentially the seller was betting that he'll do well and get 12% premiums for selling the property and financing. If Cody didn't do well, then the seller takes back the property.
well done - my teenaged son is 17 and interested in doing ht is exact thing. I will share this with him. Thank you. I wish I had figured this out at a young age.
32:00 - he’s an introvert! Just had my 13 yr old son at a restaurant last month and he was too shy to go get a straw for his drink… his 4 yr old sister held his hand😂. I’m going to show him this video clip! Thank you so much for this, I’ve been wanting some inspiration for my son.
Its now 6months down the road am watching videos like this reading books searching this and that but all i get is to get more and more motivated but am still failing to take important action
This is Christian - I took 8 years studying without buying real estate and found that after the first deal I still didn't know enough and figured it out anyway. The takeaway of you want to be a real estate investor - buy real estate. The books and videos won't get you there!
They talk about fixed rate debt cause I know USA has 30 year fixed but they don’t tell you that they have partners that want their money back who aren’t staying in it for 30 Years then they have to refinance the deal at what ever the rates are today and oops now it’s not cash flowing and force a sale on a depreciated asset
@@b-rare if you have money partners, then build those safeguards into your offer If it doesn't appraise at such and such than the money stays in. if you want out then you lose points. there's always a way.
Perhaps you don't need money but you do need a really value asset, the key that was not highlighted very much. So this works only if you either have existing wealth in an asset or a guarantor, but with nothing and no skills in negotiating it is a stretch to get such funding for the average Joe.
I'd need to learn more about how the debt is structured. I prefer long term fixed. I think for my next deal I can give apartments a try and work on seller financing.@@illuminated2438
real state isn't all what it seems. Nobody talks about the headaches, stress, no sleep and basically the risk you are taking. I am going on my third property and my first rental was a headache with tons of stress but I dealt with it and learned from my mistakes. If you don't take action you will never know what is out there for you!
Small world i was on a panel with Cody at the bigger pockets conference last October in Orlando…our topic was tenant screening successfully etc …..he was awesome
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
This is wild for me to stumble across this video. I've lived and invested in real estate in Moses Lake for 10 years, and you guys bought the apartment complex I looked at buying in 2018. I've stuck with SFH and Duplexes, because at the time conventional financing seemed easy and seller financing read like a pipe dream. Things are different now, and I've since used seller financing to buy an actual business. Will be using seller financing wherever I can going forward.
25M split in half and funded with 100% leverage is not nearly as much as it sounds on You Tube. Being generous they may have 30% equity so each of them has maybe 3 MiL net worth, and thats tied up in rentals which might cash flow 1.5%. So they are each likely making about 4,000 per month.
We each cashflow about $25,000 per month with about 4.5MM in net worth. We have much more than 30% equity and deals cashflow astronomically more than 1.5%
*Stability of an asset explained to equity investors *Emphasize downside protection to debt investor: worst case-scenario, still a profitable outcome for a lender? (magaliti: multiple current offers indicating high mkt price / offering high wholesaling commission, desirability. *Communication ability = most important personal skill
I still dont get how people can get so much loans... after your own home if you are in a traditional loan, youre kinda stucked because banker will say you are already in debt and too much debt correlated to your wage + style of life + assets (which does not count ...if you have average wage)... kinda vicious circle! so when people say you dont need money wellllllll I have difficulties to seize that!
@@Multifamilystrategy I agree nowadays they might not be the preferred partner, but if not bank, did you find investors/partners for the 1st operations of your beginnings? I might listen the video again without kids beside! and I subscribed to your YT channel to see if i can find some hints. Thanks!
Banks are the tip of the iceberg in the lending world. Find yourself a great mortgage broker and you'll be amazed at the possibilities@@christopheboswell3198
hmmm well done but, seller financing comes with extra risk imo. Not hating, they are doing extremely well. I would rather own my properties outright. To each their own.
Seller finance is the same as bank financing but you can set your own terms. We acquire with seller financing, pay it all the way off and hold it outright.
You need to take risk to grow, you need to be leveraged in the beginning, later on is when you can pay off mortgages, specially if 1 property costs $400,000 for 1 unit
Ya go ahead and buy that apartment building that is chock full of deferred maintenance with no money down. Wish you luck. Banks generally want 25 to 30 percent down for a reason. Where rates are now vs. the price there is no cash flow. Real eatate isn't what it was when rates were 3%. By the way never fall in love with your real estate.
Buying in a tertiary market with a deal that sat on the market 500+ days. The difference between you and us is we do due diligence before sharing opinions 🙂
My question is why do you need so much?? I feel they have enough to go live dream lives with people managing the properties. I need a few rentals and I'm going to the islands lol
I bought a few rentals and found that is is actually not enough. To be fair we have more than we need but I think 25-50 units is enough to set someone up for life. We kept buying for the love of the game and we have become very very good at providing hosing for those in need so that is also very rewarding.
Nope if you have high interest but a great price it works or a higher price and low internet it works. If you lose on price and interest you just did a bad deal.
13:54 what are some ways to do this “lower cost of money”? Banks dictate the cost of their money, mostly take it or leave it, right? Sellers would have more flexibility but no more motivation to take a low rate?
You missed their whole approach man, seller financing. The motivation for below market terms for lending on the part of the seller is the desire to sell. If desire to sell = high, you can get a deal
These guys are the real mCcys long holders in real estate! my brother ows many comerical buildings and this is the mantality of real sucsessful people in the real estate industry . buy and hold.. i am 100% sure these guys will end up where they want to be but i am not sure they could do it in my market Los Angeles the deals would not be ( most likely ) visable.. Or at least i dont think so...
Deals on Wheels - where can I find this book for a normal price??! $45 used for 200 pgs. is the cheapest I could find. From there, it jumps to $160, $250 and on up! My libraries, nor it’s affiliates carry it. The authors website is down OR I have to be a member for $300 or something like that. Can I borrow your copy? (I’m reading his 2nd book on Kindle)
Well just ask them to go back to the beginning and explain in more detail how they started. So finding a great building that has let's say 6 rentals that you like, then what you just call the owner and how do you convince them to sell something that's not for sale and don't over pay? Also how'd they get financing especially in the beginning with only $3k in the bank like he says he started. It's just frustrating hearing video after video about how you can get things done after owning multiple places with tons of equity.
We don't convince anyone to do anything. That wouldn't work. We meet with all the people who currently hold the real estate in our market and learn their story and their goals. From that sometimes they are adjusting their pieces and offer to sell or more often they see a deal that is not right for them but perfect for you and give you a call.
Not nearly as simple as it seems, there is a reason the sellers do those seller financing Deals instead of just running it themselves especially on those big properties. They just need to run into one bad deal and they're deep in the hole from all the monthly payments they are still obligated to make and can't declare bankruptcy on. Also another case of, when you discover a Gold mine you don't tell anyone else. There is some other revenue stream at play here, they're not talking about
Real estate is hardly a secret and we can't buy all the properties in our city let alone the country. Plenty to go around. We want to provide affordable housing and help others escape the 9-5 while doing the same!
Join UpFlip Academy and learn from the best in the industry: bit.ly/4d2fjl6
Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash market fatigue is showing with most folks. Most are so tired of hearing about the worse even though it’s true. My $200,000 share holdings are down 17%
Yes, and unlike you, a good number of folks are raking in huge gains even in this downtrend, but such strategies are mostly successfully done by experts.
I like to have an asset manager review my daily market decisions for this exact reason: their vast experience in simultaneously going long and short, utilising risk for its asymmetrical upside, and laying it off as a hedge against the inevitable downward turns makes it nearly impossible for them to underperform. After working with a manager for almost two years, I've earned more than 85% of my starting salary.
How do I get in touch with one? Since 2022, my assets have been struggling, and I've been barely surviving.
‘Sharon Ann Meny’ 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.
Just copied and pasted her on my browser and her page popped up immediately, thank you for saving me hours of researching.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Research and contact Rebecca Noblett Roberts and follow her directions.
I work with Rebecca Noblett Roberts as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
My strategy combines ETFs for dividends and growth, including JEPI, DIVO, QYLD, SCHD, and JEPQ. Last year, my dividends totaled $102K. but not sure how to mitigate risk thus far for this year.
investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
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.
I had to look up what seller finance was. You basically sign a legal contract with the seller to pay them an agreed monthly repayment plus an initial deposit until the entire debt is paid off. Like a bank loan but with the seller.
100% correct!
a win win for the wealthy who have already depreciated their real estate asset...theyre going to have a hell of a tax burden if they sell through traditional means and get a full check at closing...thats the biggest incentive to convince someone to owner finance - "hey, lets both win, and reduce your tax burden."
it's never easy you have to be big man to even seek it!
Ah so this is what Grant Cardone did during his 90 day challenge
Keyword cash flow
I saw this young guy years ago on biggerpockets, then on his TH-cam channel. He is richier every year and I am always the same idiot watching videos and not taking action 😂
Take it one day at a time. Starts with 1
@@Multifamilystrategy Is it possible to do seller finance with a house hack?
@@Evermorecuriousyep. Our buddy lives in his seller financed 26plex
@@Evermorecuriousyes! It might be easier b/ interest rate are high causing slower sales traditionally
@@MultifamilystrategyI’m 23 trying to become a multimillionaire before 30 where can I learn from
You guys
"I made 20million from my first 40 deals and then started buying RE with no money". That is so helpful.
You have done better than us. We had to start with $0 and 0 rentals and bought our first 15 deals without ever having liquidity. This year is the first year we started to have any money. Took a few years of projects and stabilization to get rolling. Congrats on your success
😆😆🤣🤣👌
If you ever need money for your real estate transaction EMDs , double closings, hard money, gap funding , downpayments,let me know! @toyinsbello
@@Multifamilystrategywho are you talking to? Do you know what a quotation mark means?
Correction: Ben Mallah promotes selling your deals and tax differing the profits by rolling over it into a different property of equal or great value (1031 exchange). He does promote cash out refinancing if after running your numbers you make a 9% or more cap rate, because you never sold you do not get taxed on the proceeds of this event.
Ben has done well
Time to tax block the 1031 😂
Christian and Cody are awesome. Glad to see you feature them on this channel
It's an honor to have them! 🙏
That's high praise coming from Spenser!
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
what book?
Why has every single finance videos these bot comments
Scammer bot thread scum bag
This video killed it!!! The most in-depth detail I've seen by far. Every aspect of this particular video is impressive and professional.
High interest rates are the best times to go for seller financing if they’re a serious owner. Just have to find out who is legit trying to sell and who only has their property listed super high to see if they can cash out on the market. Don’t be discouraged by the ones who flat out say no or have aggressive terms on the seller financing
100% agree
How does one find deals that Are willing to seller finance? I am always hearing how cash is king and nice properties always go to the all cash offers or whatever is closest. It just seems like a huge disadvantage to have to educate and sell a seller on this kind of a deal. I wonder what their deal exploration/offer vs completion ratio looks like?
Great Interview!!! Nobody really dives into Scaling a real estate business. I feel like these boys dove into it a little bit. I found it very helpful. These guys are putting folks onto serious game..you just have to listen, take notes..and go apply this shit. These guys are incredibly bright people. I intend to follow their bull print.
the ole saying is "it takes money to make money" ....well, them days are changing! Creative Finance is changing the game!
Phenomenal interviewer. Excellent questions. Thank you all for putting this together.
What an amazing interviewer. Props to these two investors of course, but let’s give props to these questions and the structure of this video. Great work!
Your appreciation means a lot to us and motivates us to continue producing content like this. 🙏
I don’t know anything about real estate, but doesn’t owner financing mean the owner has the deed until the loan is paid in full? If so, isn’t he 25m in debt?
They’ve got a note and DOT against the property. I get title
I've always heard real estate is the way to go to get rich. But whenever I try to watch videos about it or read basic info about it, my eyes glaze over when I hear all these real estate terms. It seems so complicated and foreign to me. But these guys - and other people as well - make it all seem so easy and a piece of cake. I wish I understood all this and make big money like everyone else seems to make that is involved with real estate. It's like you never hear anyone fail in estate. Does everyone end up making money in real estate?
No. Lots of people lose and no one wants to hear their lessons and stories. That’s why you hear about the winners. It’s just natural.
dont be afraid to learn, study you got it
People who lose usually succeed later because they learn from their mistakes.
Real estate is simple, not easy.
Between Blackrock and smalltime investors like this i now understand what they mean when they say "you will own nothing and be "happy"
Much simpler life that way.
@@Multifamilystrategylol, communist bot.
There is a guy here who started at 19 just as i was starting to get a two family. He was dealing with 3 million dolllar deals. I was like wtf. It is all about connections. Go meet with people who are doing what you want to do.
how itspossible
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.....
It's bias to just use real estate investors as the scapegoat to "a major reason why the real estate market is the way that it is now.........
Jenny Pamogas Canaya, that's whom i work with.......
look her up.....
@sarahmark979no most of the blame goes to the govt for making restrictions and useless regulations
Well no Investors no homes. Or do you cry about P&G for earning billions with toilet paper and tooth brushes? No
Cases like these don’t happen often because believe it or not this kid got a lot of help from other experienced people, so yes he did put in the work to say “make his own luck” but again everyone starts somewhere and if you stay consistent your luck will come also
Just a small takeaway from the choice to refinance or to own outright. Owning a property outright could make you a target for predators in the event they have a case to sue you. The less equity you have the less reward for them.
The most correct answer is create a separate holding company pay off the property and place a new mortgage against the property with the holding company. You owe yourself the debt but the property appears leveraged to predators. Just make sure you file that LLC in Nevada or Delaware
What you mean? You can own it in an llc or a trust just bc you own it don’t mean anything outsides of no payments, payments or no payments you own it
@@Multifamilystrategywhy
Noted
@@Multifamilystrategy Game!!
Young. No equity. No capital. Nothing to lose if they go broke since they were pretty much broke already.
About 8MM in equity between the 2 of us. Definitely no capital, we spent it all on renovation and expansion. There are phases build and stabilize phase everyone stays pretty much broke. We are just now starting to stack cash reserves again as we start to optimize.
@@Multifamilystrategyyou guys are my inspiration 🙌 I also am going to be a millionaire in my 20’s so it’s heartwarming to see that people can do it despite the odds
Haha this kids never been actually broke.
Incredible episode! The insights shared by Christian and Cody are nothing short of a game-changer! Their strategies and success journey are beyond inspiring-truly a masterclass in achievement. 🏆 Thank you, Upflip, for bringing us this phenomenal content! 🔥 Looking forward for more nuggets of wisdom in future episodes. Keep raising the bar!
Thank you!!
When you hear the words, no education and no money are required; run as far as you can.
If the goal is to get and stay broke... the above comment is fantastic advice!!!
@@Multifamilystrategy hahahaaa 100%. i think id rather listen to the guy with 25m in real estate than a random youtube comment
Christian and Cody's journey is a masterclass in the power of intentionality. Starting with limited resources but limitless vision, they've shown that real estate isn’t just about property-it's about people.
For sure! Thanks for sharing this insightful perspective.
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.
I think his point to refinance the Ben Mallah way is he's not doing multi-unit, single family, and air B&B. Ben mall is doing Triple-NET (NNN) deals that scale quite considerably which means the taxes and etc are on another level of getting money. Although Ben has some residental communities, those are usually from what I can tell Elderly Section 8 niche's that offer some sort of tax write off. Hes also on top of his real estate by ensure the little things are taken care of.
They are both masters of their craft, with unique strategies and approaches. No doubt both are crushing it in the industry! 👏
amazing, i relate on a personal level with introversion i also training myself to become an articulate speaker building rapport with individuals finding solutions to problems. the insight of strategy and structure as always is invaluable
Introverts seem to do really well in this industry even though there are a lot of social skills required!
Every time I watch your videos, I feel like I’m learning something important.
Glad you enjoyed the video and found the information valuable! More awesome content coming your way, stay tuned! 🙌
Love to see young people crushing in Real Estate !!!
Thanks
Seller financing sounds like the secret sauce here. It's all about building trust and relationships.
You're absolutely correct!
who loans 19 year olds a million dollars with no experience , no job, no credit and no assets. Asking for a friend
Someone with the right collateral. Cody's first deal was fantastic and if he failed to pay the debt the investor got his equity. He didn't fail but if he did the collateral was better than the interest rate
@@Multifamilystrategy What was his collateral?
@@christopherpalmer4243the equity of the home
@@christopherpalmer4243the ownership of the real property and the LLC
@@christopherpalmer4243probably his pants down and bent over
The most in-depth detail I've seen by far. Every aspect of this particular video is impressive and professional.
As a not really experienced real estate agent with only 5 years working in the sector, I was curious to know how he bought it without a down payment.
From what I understand there was a downpayment, it just wasn't his, but there was (from an investor and a seller). Min 4:40
I've been trying to figure out how to buy a property without a down payment for long 5 years ... in the past (before the 2000s) it was easier. Nowadays I haven't figured it out yet but I hear there's a way, I just haven't figured it out yet
What guarantee does he have that you will pay on time? If there is no collateral, no one lends money. If you don't have a car or another property with the same or greater value as the property you want to buy, no one in their right mind will lend you money.
How will the seller assume a debt for you (whether credit or money) if you don't have a guarantee, such as an excellent score, salary or secure annual cash inflows?
Or I simply didn't understand what he said he did.
It doesn't add up. As an owner, why would I sell you without any money?
Yeah, what collateral did he have to secure the hard money loan? Confusing
hey did u figure this out im stuck on the same thing
@@Ginger-g4bhu
The understanding is that the seller will recieve 12% on top of the selling price for the benefit of loaning the property. Essentially the seller was betting that he'll do well and get 12% premiums for selling the property and financing.
If Cody didn't do well, then the seller takes back the property.
that boy is very smart and focused
They drop some serious knowledge bombs that blows your mind! 🔥
He is. Also some luck. Because where im at, the rich are stingy and dont plan on selling anything of theirs 😂. Even if its some land just sitting
well done - my teenaged son is 17 and interested in doing ht is exact thing. I will share this with him. Thank you. I wish I had figured this out at a young age.
32:00 - he’s an introvert! Just had my 13 yr old son at a restaurant last month and he was too shy to go get a straw for his drink… his 4 yr old sister held his hand😂. I’m going to show him this video clip!
Thank you so much for this, I’ve been wanting some inspiration for my son.
That's a sweet moment! Introverts can shine in their own unique ways, and seeing someone like him can really help boost confidence. Hope he enjoys it!
Its now 6months down the road am watching videos like this reading books searching this and that but all i get is to get more and more motivated but am still failing to take important action
This is Christian - I took 8 years studying without buying real estate and found that after the first deal I still didn't know enough and figured it out anyway. The takeaway of you want to be a real estate investor - buy real estate. The books and videos won't get you there!
@@Multifamilystrategy wooow I love this, thanks Soo much ❤️😍
How in the world does a bank lend 3.8 million to a jobless 21 yr old. NO WAY
Seller financed
Bank loans came after all the seller financing
I always come back to your videos when I need help. Keep it up!
The concept of buying with little or no money has been around for a long time, but so have real estate booms and busts.
That's why you need long term fixed rate debt. Markets change but fixed rates do not.
Also interest rates fluctuating 😂😂 high risk has been my comment from the start. Very high risk I’m changing it
They talk about fixed rate debt cause I know USA has 30 year fixed but they don’t tell you that they have partners that want their money back who aren’t staying in it for 30
Years then they have to refinance the deal at what ever the rates are today and oops now it’s not cash flowing and force a sale on a depreciated asset
@@b-rare if you have money partners, then build those safeguards into your offer If it doesn't appraise at such and such than the money stays in. if you want out then you lose points. there's always a way.
Perhaps you don't need money but you do need a really value asset, the key that was not highlighted very much.
So this works only if you either have existing wealth in an asset or a guarantor, but with nothing and no skills in negotiating it is a stretch to get such funding for the average Joe.
If you ever need money for your real estate transaction EMDs , double closings, hard money, gap funding , downpayments,let me know! @toyinsbello
Excellent chat. Makes me wonder if I’m thinking too small. Still like 2-3 units. Have 5 right now. Would have to compare and contrast with apartments
Wow that's awesome! How long have you been in this business?
I'm 1.5 years in. Just getting started really. I'm going through a gut rehab in 2 of the units and documenting it all on TH-cam@@UpFlip
You are. You shouldn't touch anything of less than 32 units, the scale just isn't there.
I'd need to learn more about how the debt is structured. I prefer long term fixed. I think for my next deal I can give apartments a try and work on seller financing.@@illuminated2438
@@illuminated2438 lol what? Under 32 units..?
real state isn't all what it seems. Nobody talks about the headaches, stress, no sleep and basically the risk you are taking. I am going on my third property and my first rental was a headache with tons of stress but I dealt with it and learned from my mistakes. If you don't take action you will never know what is out there for you!
Hope things continue to improve for you from here on out!
@@UpFlip we are always hoping for the best, staying positive at all times. Wish you the best and continue with your success ! Thank you
Great episode these guys are very generous with their knowledge great interviewing also
Super fun to be invited on the channel
We learned a lot from them, that's for sure! Hope you did too. 🙏
My 1st time here. Beautiful and informative interview; straight forward answers for good questions asked, no bs👌🏾.
Thank you brothers 🙏🏽
Small world i was on a panel with Cody at the bigger pockets conference last October in Orlando…our topic was tenant screening successfully etc …..he was awesome
Wow, that’s awesome! Cody is a legend! Can’t believe you got to share the stage with him!
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
This is wild for me to stumble across this video. I've lived and invested in real estate in Moses Lake for 10 years, and you guys bought the apartment complex I looked at buying in 2018.
I've stuck with SFH and Duplexes, because at the time conventional financing seemed easy and seller financing read like a pipe dream. Things are different now, and I've since used seller financing to buy an actual business. Will be using seller financing wherever I can going forward.
25M split in half and funded with 100% leverage is not nearly as much as it sounds on You Tube. Being generous they may have 30% equity so each of them has maybe 3 MiL net worth, and thats tied up in rentals which might cash flow 1.5%. So they are each likely making about 4,000 per month.
We each cashflow about $25,000 per month with about 4.5MM in net worth. We have much more than 30% equity and deals cashflow astronomically more than 1.5%
They said 1 million dollars down was used in the beginning but also said no money out of pocket. Where did the 1 million come from?
from an investor
I absolutely LOVE Ben Makkah. He is such an awesome dude who is very successful in real estate.
Then the interest goes up buy one percent and the whole thing falls over if there's no capital growth real estate doesn't always go up
Yes it does. Over the long term it always goes up. Get long term fixed rate debt and the changes in interest rates have no effect.
*Stability of an asset explained to equity investors
*Emphasize downside protection to debt investor: worst case-scenario, still a profitable outcome for a lender? (magaliti: multiple current offers indicating high mkt price / offering high wholesaling commission, desirability.
*Communication ability = most important personal skill
This is so insightful and inspiring! I actually want to get into Real Estate now.
Fastest way to become an investor is to buy property
11:30 time stamp is gold
I still dont get how people can get so much loans... after your own home if you are in a traditional loan, youre kinda stucked because banker will say you are already in debt and too much debt correlated to your wage + style of life + assets (which does not count ...if you have average wage)... kinda vicious circle! so when people say you dont need money wellllllll I have difficulties to seize that!
We didn't use banks. I think that is a major first thing. Banks are very difficult to work with.
@@Multifamilystrategy I agree nowadays they might not be the preferred partner, but if not bank, did you find investors/partners for the 1st operations of your beginnings? I might listen the video again without kids beside! and I subscribed to your YT channel to see if i can find some hints. Thanks!
Banks are the tip of the iceberg in the lending world. Find yourself a great mortgage broker and you'll be amazed at the possibilities@@christopheboswell3198
Carlton Sheets was selling these ideas back in the 70s.
I studied Carlton sheets
That was a lot of great information. Great questions and answers.
Thank you! It's been a fun adventure. Grateful to get to share the story!!
Where do you find investors who will work with you?
hmmm well done but, seller financing comes with extra risk imo. Not hating, they are doing extremely well. I would rather own my properties outright. To each their own.
But $1,800 for a class?? Crazy, newer investors will spend this type of money on a class and never do anything with the knowledge.
Everyone has their own way of doing things, and they all have their merits. Diversity is awesome! 😎
Seller finance is the same as bank financing but you can set your own terms. We acquire with seller financing, pay it all the way off and hold it outright.
@@Multifamilystrategy I understand seller financing, more risky for the seller though.
The best real estate video I have ever seen!
Hurray!!! Glad we got to be in it!
We appreciate you tuning in! Thank you! ☺️
You would love grant cardone aswell. his free lives he has up on his channel are so informational
Great video! It was so sweet how they wanted to retire their mom and wife 😢❤
And my wife is very happy about it!!!
Thank you for this! No gatekeeping just real conversation and advice.
Glad you appreciated it! 🙌
This is the best channel ever. It was a fluke that I found you guys
You need to take risk to grow, you need to be leveraged in the beginning, later on is when you can pay off mortgages, specially if 1 property costs $400,000 for 1 unit
Im very proud of you Cody and Christian. I pray my children will find this same wisdom you found.
God bless you both and keep increasing you 🙏
These guys are a amazing in person! Lets go guys!!!
Thank you!!!!!
Couldn't agree more! 🔥
Great episode.
Thanks for the openness
We do our best
We hope you enjoyed the video! ☺️
This interview provides great insight and pitfalls to avoid. THANK YOU!! Much Success!
Thanks
Congratulations Cody Davis and Christian 🤝 , I need to take the dive as well and do my first man 😎 let's keep in touch
Let's do it
Ya go ahead and buy that apartment building that is chock full of deferred maintenance with no money down. Wish you luck. Banks generally want 25 to 30 percent down for a reason. Where rates are now vs. the price there is no cash flow. Real eatate isn't what it was when rates were 3%. By the way never fall in love with your real estate.
First property at 19 placing him at the height of the market… yeah mommy and daddy should be interviewed here 😂
Buying in a tertiary market with a deal that sat on the market 500+ days. The difference between you and us is we do due diligence before sharing opinions 🙂
@@Multifamilystrategy You don’t even deny it 😂
Colossis changed everything for my brother, pics really do sell. Gonna share their link
My question is why do you need so much?? I feel they have enough to go live dream lives with people managing the properties. I need a few rentals and I'm going to the islands lol
I bought a few rentals and found that is is actually not enough. To be fair we have more than we need but I think 25-50 units is enough to set someone up for life.
We kept buying for the love of the game and we have become very very good at providing hosing for those in need so that is also very rewarding.
The guy in the green sweater is smart. He's going to become very wealthy.
Thanks!
@@doingcodythingsyoutube u r amzing cody :)
It only works with cheap financing.
A 6 unit costs 1.2m
But rents for £86.5k
Mortgage would be 80k before any other costs.
So it doesn’t work
Nope if you have high interest but a great price it works or a higher price and low internet it works.
If you lose on price and interest you just did a bad deal.
13:54 what are some ways to do this “lower cost of money”? Banks dictate the cost of their money, mostly take it or leave it, right? Sellers would have more flexibility but no more motivation to take a low rate?
You missed their whole approach man, seller financing. The motivation for below market terms for lending on the part of the seller is the desire to sell. If desire to sell = high, you can get a deal
BoxBrownie is awesome but have you seen what colossis can do with staging? Next level
Love this channel, definitely going to try colossis for my moms condo. Fingers crossed!
If u want to buy a house go to the bank court tax houses.
These guys are the real mCcys long holders in real estate! my brother ows many comerical buildings and this is the mantality of real sucsessful people in the real estate industry . buy and hold.. i am 100% sure these guys will end up where they want to be but i am not sure they could do it in my market Los Angeles the deals would not be ( most likely ) visable.. Or at least i dont think so...
Their buy-and-hold mentality is the key to real success in real estate, but we agree-LA might be a different challenge altogether!
I'm not an expect. But I even know not to film in front of a window. Where the outside light in coming through.
Hope it didn't distract too much from the content!
So I’m confused, the word NO MONEY was used about 100 times but yet they put a million dollar down???
You guys bought the Robin Hood in Union? Great property, good numbers! Kudos!
They did! What a stunning property. 🙌
Yes we did! Just hosted an event down there too. We love the property- Christian Osgood
Deals on Wheels - where can I find this book for a normal price??! $45 used for 200 pgs. is the cheapest I could find. From there, it jumps to $160, $250 and on up! My libraries, nor it’s affiliates carry it. The authors website is down OR I have to be a member for $300 or something like that. Can I borrow your copy? (I’m reading his 2nd book on Kindle)
best interview I've seen on real estate
Thanks!
( 0:45 - 0:56 ) = daddy’s money
Unfortunately no dice. Had to find private investors
@@Multifamilystrategydo you have an email I can reach out to you at? I want to get a coffee with you soon
Where are the best markets to start buying
I loved this interview.
Love them boys good episode new channel that I will be able to watch h
This is very inspirational 🔥🫡💯 hope in a year from now I can sit down n talk deals with these guys just like they wanna talk to mark cuban 🙏
Thanks!
So just buy everything? With the owners money? How do you get a place from an owner that doesn't want to sell? So many things were just breezed over
There's only so much we can cover in a short time. We barely scratched the surface of this topic. 😅
Well just ask them to go back to the beginning and explain in more detail how they started. So finding a great building that has let's say 6 rentals that you like, then what you just call the owner and how do you convince them to sell something that's not for sale and don't over pay? Also how'd they get financing especially in the beginning with only $3k in the bank like he says he started. It's just frustrating hearing video after video about how you can get things done after owning multiple places with tons of equity.
We don't convince anyone to do anything. That wouldn't work. We meet with all the people who currently hold the real estate in our market and learn their story and their goals.
From that sometimes they are adjusting their pieces and offer to sell or more often they see a deal that is not right for them but perfect for you and give you a call.
Hey upflip what's with the paid comments/bots?
Multifamilystrategy, with a seller financed deal if the property appreciates are you able get equity loans from a traditional bank?
Yes. We have several conventional bank loans that we have pulled cash out with
Not nearly as simple as it seems, there is a reason the sellers do those seller financing Deals instead of just running it themselves especially on those big properties. They just need to run into one bad deal and they're deep in the hole from all the monthly payments they are still obligated to make and can't declare bankruptcy on. Also another case of, when you discover a Gold mine you don't tell anyone else. There is some other revenue stream at play here, they're not talking about
Real estate is hardly a secret and we can't buy all the properties in our city let alone the country. Plenty to go around. We want to provide affordable housing and help others escape the 9-5 while doing the same!
Wow great they sell a course
25 mill in debt at the age of 23 ... lol
Only 16m ;)
And prob only 500k value once diluted and taxes paid 😂 HIGH RISK.
Have you read rich dad poor dad?
Same areas where i reside. Would love to be able to speak with them and pick their brains a little more. I am currently working on real estate myself.
It sounds like you're on a similar journey! Best of luck with your real estate ventures!
@@UpFlip thank you!