I am a real estate investor and he is DEFINITELY lying about something here. Average rental yield in the US is 8% which means if you own property of 100k say you would make 8k a year on it in rent, before deducitng insurance, repairs, mortgage payments, taxes, etc. 50k/month is 600k a year and he said his portfolio is worth 1.5 million so that would mean he is making a 40% yield on his properties which is just impossible. Yh this guy is a LIAR lol 😂
I am a 54 yr old HS business teacher/tax accountant/small Apt investor and I am learning from this 22 yr old entrepreneur!! I know about the s-corp and cost segregation but the real estate estoppel was a gem!! IMPRESSIVE!!
Not surprised! He’s currently my agent in Cleveland and he’s on TOP of everything! Josh is also transparent. Most agent just want to do a deal. Josh will tell you straight up if he doesn’t think it’s a good deal and why. Im also a new long distance investor and he super patience with ALL my questions! Super happy for him. He deserves it.
Impressive & motivational , I’m fully inspired I’m a current realtor in Texas going on my 2nd year haven’t sold anything yet… mainly because I work a full time job making 73k a year but the advice and strategies I’ve Hurd today I believe this year that’s going to change thank you
I started my own clinic after years of college. Graduated with plenty of debt and all my life debt. When I started my clinic I was trying to work as a waiter to pay bills . Having two focuses/incomes not good. When I quit waiter job it was extreme do or die. My clinic increased like crazy . You may have some debts. Maybe pay some off or sell so you can put extra stress (do or die)or demands on your brain and real-estate.
As a full time Uber and DoorDash driver, I’m investing and saving to buy a business. I absolutely love this job because I get to listen to audio books and podcast for 10 hours a day. I get to make money and also grow my knowledge. If you’re in the right market it’s the best job ever. I’ll be 24 soon. I want to buy a business by 26. Good luck everybody
You really answered a lot of my questions like doing real estate part time and if getting a license is beneficial for being a future investor. Thank you!
Thank you for bringing Josh onto the show! I'm 22 and have been a Doordasher myself, and used a lot of those miles to listen to BP and other podcasters, and I've got a similar drive. As soon as I finish my degrees I aim to purchase my first BRRRR, and hearing about another ambitious kid my age doing a similar thing gives me confidence that I'm not crazy! Thank you BP!
Translation: he’s attractive, tall and cool. If he was ugly with the same personality you’d say he was sleazy lol. (Not bashing the guy, I support hustling and I’m also really successful, made $311,000 last year. But, looks matter a ton. I have to overcome BS 24-7 cuz I’m short and not as good looking. Thankfully I’m really smart though. And I’m not saying it’s a bad thing, it’s definitely good to look good and it’s a huge plus. Use it to your advantage!)
@@charlesg7926 that's such a lame excuse no one is looking for a perfect guy just the right guy he busted his ass and dedicated his time to it that shit shows action speak louder than word deal with your insecurities and reevaluate your goals man
These guys need to speak about more important things from this interview like cost segs. This kid is impressive knowing what cost segs at his age is going to make him a billionaire in no time. You guys should make a video on cost segs and who/how you can use them to grow your portfolio.
Tell me how I looked up real estate Tax advantages and came across "Tax strategies for the Savy real estate investor " Then I saw your link and realized i was subscribed to you. I bought your book without even realizing you were the author! 😂😂Ill be reading it soon Bigger pockets❤
I also make 100k in real estate ever day, I am 9 years old. It's so easy to make this kind of money when no one verifies it. When can I be a guest on your show??????😂
lol he doesn't have any furniture bc he's lying about his net worth and income. A real estate investor like myself knows the numbers he's quoting here dont add up at all 😂
He doesn’t have any furniture because it’s probably one of his listings that he’s about to sell. He’s so young and probably still lives at home. All of his income is not only from his investments. It’s from his real estate sales and referrals as an agent also. I’m sure Bigger Pockets vetted him before this video was created.
How exactly does he make 50K a month with only a 1.5 million dollar portfolio? That doesn't make sense mathematically. He'd have to own 50 units cashflowing 1K a month each after all expenses. Factor in hard money getting their cut, there's no way.
What real estate hack do you recommend for those in their mid fifties that are interested in cash flow and a hobby to keep them busy during retirement ? Or is it better to invest in REITs ?
How were you not approved to buy two duplexes as your first deal when you made 50k a month? Why did you have to have an investor buy the other one instead of yourself
Well Fannie Mae / Freddie Mac will require in most cases 2 years of the same income if going conventional. I didn’t want to take down both deals at the same time as I was just starting out as an investor.
Great episode! I've worked with Josh for a year. He has helped me learn and grow as a real estate investor. I am grateful to have him as my agent. Keep crushing it. Congratulations Josh!
@@josh_janus Mostly the breakdown on the 50k on 1.5 million of property. What is it that you are profiting at the end of it all? Also, the financing portion of it if you have not had a steady "job" for more than two years.
@@AutomotiveAnatomy the 50-100k/month is income via commission as an agent. I funnel the majority of that into BRRRR 1-4 unit deals which has built up into a 1.8-2m portfolio of 25 units now. I was nervous for the first deal as I had never taken on a $20,000 - $30,000 renovation before that’s all.
@@josh_janus Thank you for taking the time to follow up Josh. All things aside, thank you for taking the time to share your story with BPP and continue the great work!
Is back up with hard work. Mostly go out there and get it . No free lunch. I’m a financial professional and real estate investor. You need your go to cross selling group going as fast as you can
He was working as an assistant to an agent, doing cold calls for that agent. That’s not wholesaling. And instead of paying him hourly, they gave him money out of their commission. He called it “hybrid wholesaling” which is some phrase he made up to not label himself an assistant.
Regardless, he was still building many of the valuable skills that are imperative to wholesaling. Clearly it worked out well for him in the long run so I’m not sure why you’re so stuck on the lingo.
1.5 million and 50k a month I didn’t even have to watch to call bs…. This makes no sense lol. Obviously the 50k is gross number everyone likes to flex those numbers but 10 properties worth together 1.5 million and grossing 50k means each property valued less then 200k, and each property brings in 5k per month it’s complete bullshit sorry I don’t even have to watch this
1.5m is actually the value of the real estate portfolio I currently own. The agent side is $50,000 - $100,000 / month in commissions thanks to the great community of investors at BiggerPockets and my brokerage, Reafco.
@@josh_janus 50,000-100,000 a month that’s a inconsistent range. Lol. I call bullshit on it all. I’m a real estate investor these numbers are not realistic at all . I don’t buy the bs .
@@b-rare It's difficult to be very consistent at that level of production as investment property values differ greatly and the opportunities coming in aren't always consistent.
Also, don't use comparables more than a mile away, if there are comps closer. I hate it when agents give me a comp 5 miles away bypassing comps a couple of blocks away.
In NY, comps should be within the same school district and within a two mile radius of the property of interest. It’s not always possible if it’s a unique house or building.
Depends on what you want to do? I suggest hacking the next way, and turning the current one into a rental. You could rent out all of the rooms to maximize cashflow, or you can long term rental and have less management. Each one is market dependent.
Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed._
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up..
What about someone 22 that lives in Los angles and every house is above 600,000. Do we have to move to where there 300k or is there still opportunity here with 10k
Like someone else said. Most of that money is from being an agent. He sold $17m of real estate. At 3% commision, that comes to $510k per year or $42,500 per month. That leaves $7,500 per month coming from his $1.5m portfolio which is a little more believable.
His 50K a month was from his commissions as a real estate agent during one of the biggest real estate bull markets in history. I'd like to hear him recreate that in today's market lol
The part of the show where Rob is asking the guest if he can work for him reminds me of that scene from Wolf of Wallstreet when they are in the diner and Donnie is asking Jordan to show him a paystub and he will quit his job and work for him! 😂😂
Yeah, how much you have in assets, and how much you have in revenue is still not magical, it only matters how much equity and cashflow you have. Otherwise you’re just playing with fire for fun. One slight market correction could wipe you out.
"go buy real estate!" Well, despite not having the damn money to do sich, after watching tons of videos on the subject, I STILL DON'T KNOW *HOW* TO DO THAT!
Im a first time home buyer age is also 22. I’m living in southern Cali. I am attempting to house hack. It was a single family home but it has some garages and storage in the back that I felt could be pretty easily converted to living quarters. I’m just a little confused on how the process actually is supposed to go. Especially when it comes to the renovations. I guess I’m just trying to figure out to finance the construction.
Is it me or does math not add up. 1.5 million dollars worth of real estates render $50,000 net income per month? It would be helpful if you can break the math down for further clarification
The Man, The Myth, The Legend. This is awesome dude !!! This is your go to guy always there when you need him, and ready to help you get that deal. Can’t wait to close on more properties. Really appreciate it man
I don’t get it. Even buying out of state, making 50k a month, what’s the struggle to buy an 85k property? And why even go through the headache of using hard money lending. Something doesn’t add up to me. Unless you’re burning most of your 50k a month on something else?
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
Went to high school with him and he has always been business minded and I’m so happy to see his success.
What a smart guy!
Genius marketing lol
I love to hear this!!!!
🧢🧢🧢🧢🧢
@@juan-ig5gi Colin Capernicking out here amirite
He is our agent in Cleveland, Ohio. He is the best in the business guaranteed.
He's my agent in Ohio, I can vouch for his work ethic. I wonder when he sleeps. He's always on it!
There he is! Let's get a deal done. Delegation of routine tasks helps a lot.
😎
I am a real estate investor and he is DEFINITELY lying about something here. Average rental yield in the US is 8% which means if you own property of 100k say you would make 8k a year on it in rent, before deducitng insurance, repairs, mortgage payments, taxes, etc.
50k/month is 600k a year and he said his portfolio is worth 1.5 million so that would mean he is making a 40% yield on his properties which is just impossible. Yh this guy is a LIAR lol 😂
I am a 54 yr old HS business teacher/tax accountant/small Apt investor and I am learning from this 22 yr old entrepreneur!! I know about the s-corp and cost segregation but the real estate estoppel was a gem!! IMPRESSIVE!!
Thank you Michael!
estoppel Is requested if a lease is not available 👍🏿
Not surprised! He’s currently my agent in Cleveland and he’s on TOP of everything! Josh is also transparent. Most agent just want to do a deal. Josh will tell you straight up if he doesn’t think it’s a good deal and why. Im also a new long distance investor and he super patience with ALL my questions! Super happy for him. He deserves it.
Thank you Sarah!!
Nice!
Job will pay your bills, business will make you rich but investment makes and keeps you wealthy
Impressive & motivational , I’m fully inspired I’m a current realtor in Texas going on my 2nd year haven’t sold anything yet… mainly because I work a full time job making 73k a year but the advice and strategies I’ve Hurd today I believe this year that’s going to change thank you
I started my own clinic after years of college. Graduated with plenty of debt and all my life debt. When I started my clinic I was trying to work as a waiter to pay bills . Having two focuses/incomes not good. When I quit waiter job it was extreme do or die. My clinic increased like crazy . You may have some debts. Maybe pay some off or sell so you can put extra stress (do or die)or demands on your brain and real-estate.
This man's my realtor this is crazy
As a full time Uber and DoorDash driver, I’m investing and saving to buy a business. I absolutely love this job because I get to listen to audio books and podcast for 10 hours a day. I get to make money and also grow my knowledge. If you’re in the right market it’s the best job ever. I’ll be 24 soon. I want to buy a business by 26. Good luck everybody
You got this!! Your journey sounds awesome.
@@josh_janus thanks :)
What business you want to buy exactly ???
@@deodarhill im thinking a smoke shop, laundromat, painting business, or pool route
@@McRuffin laundromat !! boring dry business but money printer for sure. Read "Zero To One" by peter thiel if you haven't. it is great
Nice the ambition alone is worth the conversation
I appreciate it
wow this is crazy impressive for 22. keep up the good work, Josh!
You really answered a lot of my questions like doing real estate part time and if getting a license is beneficial for being a future investor. Thank you!
Great show! Thanks for sharing!! New sub here!🤩🤑
Thank you for bringing Josh onto the show! I'm 22 and have been a Doordasher myself, and used a lot of those miles to listen to BP and other podcasters, and I've got a similar drive. As soon as I finish my degrees I aim to purchase my first BRRRR, and hearing about another ambitious kid my age doing a similar thing gives me confidence that I'm not crazy! Thank you BP!
Get crazy about your dream, we’re rooting for you
@@Convincedllc zzz's 1gs
Ds
worked with Josh on a deal in Cleveland, the kid is a wizard
Hey Raymond!
Thanks haha
I don't know what state he's in but in the State of Florida what he said he did is illegal. He was getting commissions without being licensed
I was getting what's called a marketing fee prior to being licensed - sort of what it's called for a wholesalers compensation.
He did say he got his license 😊
He’s my agent! Best service I ever received and was not a sleezy used car salesman like many agents I’ve dealt with in the past.
Thanks Jack!
Translation: he’s attractive, tall and cool. If he was ugly with the same personality you’d say he was sleazy lol. (Not bashing the guy, I support hustling and I’m also really successful, made $311,000 last year. But, looks matter a ton. I have to overcome BS 24-7 cuz I’m short and not as good looking. Thankfully I’m really smart though. And I’m not saying it’s a bad thing, it’s definitely good to look good and it’s a huge plus. Use it to your advantage!)
@@charlesg7926 that's such a lame excuse no one is looking for a perfect guy just the right guy he busted his ass and dedicated his time to it that shit shows action speak louder than word deal with your insecurities and reevaluate your goals man
These guys need to speak about more important things from this interview like cost segs. This kid is impressive knowing what cost segs at his age is going to make him a billionaire in no time. You guys should make a video on cost segs and who/how you can use them to grow your portfolio.
Cost segregations are a great way to save I agree!
BP y’all gotta be better. Rob picked up on the discrepancy in the numbers but y’all still posted this podcast
Love his approach and how he even schedules time to actively engage on the bigger pockets forums to help others! Goals for sure💯
Thank you Kell!
Can’t wait to see where you’re at in 10 years!!! Age ain’t nothing but a number!
this is awesome good work Josh!
Thanks Picky!
Just looking in the comments and seeing how many people this guy has helped buy houses is crazy
Thank you! It's been fun.
This is inspiring! Thank you for sharing!
You are so welcome!
Thank you!
Video title is misleading, 50k a month on closing deals NOT on rental income 🤦🏼♂️
I’m 15 and I’m just watching this so that when I’m older I can know a few tips
Tell me how I looked up real estate Tax advantages and came across "Tax strategies for the Savy real estate investor " Then I saw your link and realized i was subscribed to you. I bought your book without even realizing you were the author! 😂😂Ill be reading it soon Bigger pockets❤
properties averaging 150k but also averaging 5k/month sounds real
Very impressive for just being 22 years old. Most especially impressed with his tenacity, hard work,and maturity
I appreciate the kind words David!
@@josh_janusplz teach me senpai!! 😢😭
I also make 100k in real estate ever day, I am 9 years old. It's so easy to make this kind of money when no one verifies it. When can I be a guest on your show??????😂
I love how net worth is inversely related to TV size. Note the TV in the background, lol...
lol he doesn't have any furniture bc he's lying about his net worth and income. A real estate investor like myself knows the numbers he's quoting here dont add up at all 😂
He doesn’t have any furniture because it’s probably one of his listings that he’s about to sell. He’s so young and probably still lives at home.
All of his income is not only from his investments. It’s from his real estate sales and referrals as an agent also.
I’m sure Bigger Pockets vetted him before this video was created.
I feel bad now having ordered a 65 inch tv yesterday
Crazy! Definitely an inspiration!
Thank you!
Great video and Josh is the 🐐 man
Love these stories!
Thanks!
All respects and Congratulations!!
How exactly does he make 50K a month with only a 1.5 million dollar portfolio? That doesn't make sense mathematically. He'd have to own 50 units cashflowing 1K a month each after all expenses. Factor in hard money getting their cut, there's no way.
The 50k is income from being a realtor actually not the free cash flow from the owned RE
Thank you for reinspiring me
What real estate hack do you recommend for those in their mid fifties that are interested in cash flow and a hobby to keep them busy during retirement ?
Or is it better to invest in REITs ?
Just buy mutual funds lol easier
Ya I want to know too lol
@@b-rare he doesn't want easy, he said he wants to be busy lol
Start residencial sober living facility, if makes sense in your area.
Sometimes u don’t choose your career, the career choose you.
I guess so
Dave, don't forget about playing with Tech Decks!
How were you not approved to buy two duplexes as your first deal when you made 50k a month? Why did you have to have an investor buy the other one instead of yourself
Well Fannie Mae / Freddie Mac will require in most cases 2 years of the same income if going conventional.
I didn’t want to take down both deals at the same time as I was just starting out as an investor.
Great episode! I've worked with Josh for a year. He has helped me learn and grow as a real estate investor. I am grateful to have him as my agent. Keep crushing it. Congratulations Josh!
Hey, Can you help me to became a real state agent ?
Sounds like scams groups
Great story. Questionable at times but motivating.
Thank you! What is questionable?
@@josh_janus Mostly the breakdown on the 50k on 1.5 million of property. What is it that you are profiting at the end of it all? Also, the financing portion of it if you have not had a steady "job" for more than two years.
@@AutomotiveAnatomy the 50-100k/month is income via commission as an agent. I funnel the majority of that into BRRRR 1-4 unit deals which has built up into a 1.8-2m portfolio of 25 units now.
I was nervous for the first deal as I had never taken on a $20,000 - $30,000 renovation before that’s all.
@@josh_janus Thank you for taking the time to follow up Josh. All things aside, thank you for taking the time to share your story with BPP and continue the great work!
@@josh_janus can you share your gross rent & net profits on those 25 units? Sorry if I missed it in the episode. Thanks.
Another get rich quick sales pitch. No nitty gritty details. BP really needs to stop all these non sense.
Is back up with hard work. Mostly go out there and get it . No free lunch. I’m a financial professional and real estate investor. You need your go to cross selling group going as fast as you can
I hate hearing these stories it just shows how much of a failure at life I’ve been.
You will get there.
Don’t feel bad these people are the rare exceptions.
You can change it man find that drive
He was working as an assistant to an agent, doing cold calls for that agent. That’s not wholesaling. And instead of paying him hourly, they gave him money out of their commission. He called it “hybrid wholesaling” which is some phrase he made up to not label himself an assistant.
Regardless, he was still building many of the valuable skills that are imperative to wholesaling. Clearly it worked out well for him in the long run so I’m not sure why you’re so stuck on the lingo.
1.5 million and 50k a month I didn’t even have to watch to call bs…. This makes no sense lol. Obviously the 50k is gross number everyone likes to flex those numbers but 10 properties worth together 1.5 million and grossing 50k means each property valued less then 200k, and each property brings in 5k per month it’s complete bullshit sorry I don’t even have to watch this
1.5m is actually the value of the real estate portfolio I currently own. The agent side is $50,000 - $100,000 / month in commissions thanks to the great community of investors at BiggerPockets and my brokerage, Reafco.
@@josh_janus 50,000-100,000 a month that’s a inconsistent range. Lol. I call bullshit on it all. I’m a real estate investor these numbers are not realistic at all . I don’t buy the bs .
@@b-rare someone is hating 😅😅
@@b-rare It's difficult to be very consistent at that level of production as investment property values differ greatly and the opportunities coming in aren't always consistent.
Guess , at 22 not bad .. but yeah .. numbers don’t add up .. guess BP , is not stranger to click bait 😅
This is jampacked w/ value. Thank you gentlemen 🙏🏽
Thanks!
Wow, I was partying it up when I was 22. Wish I had my life together like this, way to go!
Facts but it’s never too late for anyone bro let’s go
I shot H for the fist time when I was 22 lol
@jordonreid yeah let's go!! Wait where tf are we going?!
So was he “making 50k” a month? Like in his bank account? Profit?
Josh is an excellent agent, hardworking, and on top of things! Keep crushing it!
Thanks Akshay! I appreciate it.
Except his numbers aren’t real.
This guy should watch Pinocchio on repeat 😂
Hard working, sharp young man! Wish him the best in growing his business, he's ahead of me! Very impressive!
I hate to ask but did he pay taxes on the income he made off the wallets and shoes?
Yes I did.
Lol lame
@@josh_janusteach me 😭
Also, don't use comparables more than a mile away, if there are comps closer. I hate it when agents give me a comp 5 miles away bypassing comps a couple of blocks away.
Correct. Need to be close and representative to the subject property.
In NY, comps should be within the same school district and within a two mile radius of the property of interest.
It’s not always possible if it’s a unique house or building.
How did josh get his money for the 2nd third 4th purchase?
Is it possible to be a real estate agent without signing up with a broker?
No.
Had me on the title
That's what I'm talking about
Really impressive 🔥
Lol love the moose check at the end
Jesus, he’s not even lendable yet, imagine when this kid starts leveraging!
Power of social media to learn money making. Also great fortune he found a mentor agent that wouod pay him part of commission instead of hourly.
I'm 48. I just bought the house I'm living in cash $150,000. Should I heloc and leverage??
Depends on what you want to do?
I suggest hacking the next way, and turning the current one into a rental.
You could rent out all of the rooms to maximize cashflow, or you can long term rental and have less management. Each one is market dependent.
Young guy with a determination and drive is proof you can get there...
The guy sounds smart I question all of these people commenting saying his name. They all have no subscribers haha. Nonetheless, keep grinding guy!
Thank you!
@@josh_janus ever want to do business in Cincinnati shoot me a message. I do deals all of the time.
^^^^^ you can pay for comments. And if so, he's an ambitious marketer too
This dude was going to school, working 20-30 hrs a week on DD, and getting his RE License/ working as a realtor. This don’t add up
Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed._
I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up..
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Yea, those wrists bands. Was called snap it. That was back in my time too
What a smart and humble young man 😮
Thanks!
Thanks.
Inspiring! I appreciate the young man's hustle!
What about someone 22 that lives in Los angles and every house is above 600,000. Do we have to move to where there 300k or is there still opportunity here with 10k
I need to get into this
He was my delivery guy this one time, he spilled my soup 😂
Blue Angels guy!! PCOLA. Ty guys for your service!!
I wish they would have dove deeper into Josh's numbers. Is that $100k per month his NOI, how much is he in debt, etc...
$1.5 million that pays him $50k a month? That sounds like bullshit.
Like someone else said. Most of that money is from being an agent. He sold $17m of real estate. At 3% commision, that comes to $510k per year or $42,500 per month. That leaves $7,500 per month coming from his $1.5m portfolio which is a little more believable.
@@amunra4015 Yes, that would make sense.
@@amunra4015 I see, so we all just need to get into luxury real estate all at once and we'll be rich.
Why take on hard debt for an $85K property when you make $50K/month?
leverage! I was able to buy more that way
I was skipping through the video and there is too much talking from the interviewers.
he didnt answer the question about the hard money lender and being nervous about 30k when he is making 50k a month lmao clown
You tell them what you want and they email what they can get higher commissions on .... ..
it time to get my real estate license....
Great video! I’m still wanting to figure out how he actually got to $50K/month so quickly? That’s insane!
His 50K a month was from his commissions as a real estate agent during one of the biggest real estate bull markets in history. I'd like to hear him recreate that in today's market lol
Is this how black rock is scooping up property
Did you say billion ?
Leonardo Davinci painted the Mona Lisa
Watching this as im doordashing😂
The part of the show where Rob is asking the guest if he can work for him reminds me of that scene from Wolf of Wallstreet when they are in the diner and Donnie is asking Jordan to show him a paystub and he will quit his job and work for him! 😂😂
Yes, making $55k a month. But your profits you still gotta pay the mortgage payments.
Yeah, how much you have in assets, and how much you have in revenue is still not magical, it only matters how much equity and cashflow you have. Otherwise you’re just playing with fire for fun.
One slight market correction could wipe you out.
Josh is cool. Need his contact to do investment with him
Awesome sode fellas!
I had 10k saved at 20 but gave it all to my mom when she needed surgery.
The GOAT
"go buy real estate!"
Well, despite not having the damn money to do sich, after watching tons of videos on the subject, I STILL DON'T KNOW *HOW* TO DO THAT!
Im a first time home buyer age is also 22. I’m living in southern Cali. I am attempting to house hack. It was a single family home but it has some garages and storage in the back that I felt could be pretty easily converted to living quarters. I’m just a little confused on how the process actually is supposed to go. Especially when it comes to the renovations. I guess I’m just trying to figure out to finance the construction.
Hey, I have a construction company and I can work with you on the renovation. Let me know
How has that going for you now? I'm also from southern Cali everything too expensive out here 😢
What’s a duck tape wallet?
Just a wallet made out of duck tape!
_Duct_ tape, granted there is a brand called "Duck Tape," so maybe it's a Kleenex/Q-Tip scenario...
Is it me or does math not add up. 1.5 million dollars worth of real estates render $50,000 net income per month? It would be helpful if you can break the math down for further clarification
The Man, The Myth, The Legend. This is awesome dude !!! This is your go to guy always there when you need him, and ready to help you get that deal. Can’t wait to close on more properties. Really appreciate it man
My man Chibueze!! Thank you
Chibueze, you sabi this guy?
What does that mean, “refinancing out in non q m products?
Oh, I see, qualified mortgage. So I wonder whom he is refinancing with?
I use portfolio products. Cf Bank and The One Brokerage has good options and that’s who I use mostly.
I feel like I am wasting my life , while these young kids are making millions in one year
26:25 LEONARDO DA VINCI 😅
Awesome!
Thanks!
@@josh_janusHey how can I work as a real state agente along with you ?
Josh rules!
Thanks!
I don’t get it. Even buying out of state, making 50k a month, what’s the struggle to buy an 85k property? And why even go through the headache of using hard money lending. Something doesn’t add up to me.
Unless you’re burning most of your 50k a month on something else?
I was nervous for the first deal as I had never taken on a $20,000 - $30,000 renovation before that’s all.
Yeah, I was thinking the same since he’s making $50k, you can afford it in about 2 months. But we don’t know how much of that $50K is actually NET.