10 Mistakes Real Estate Investors Make
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- เผยแพร่เมื่อ 27 ก.ค. 2024
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Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.
Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.
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I’m closing in on rtmnt and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculous and mortgage prices skyrocketing on a roll, do I invest spare cash in stocks? cant leave all my money in bank now, or should I go ahead to buy a home anyways?
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.
Anyone have recommendations for a reliable monthly investment? I hope to ultimately supplement my income from work with a monthly income from investments. I will still make long-term investments, but it would be wonderful to have a little additional money each month.
Even if we are not accustomed to such volatile markets with a little carnage, the widespread frenzy and worry are understandable given that the US Stock Market has been on its longest bull run in history. However, there are opportunities everywhere if you know where to look; with the help of a Financial advisor whom helped diversify my portfolio I netted over $460k in profits the previous year.
Please can I know your Financial advisor's name and how can I reach he/she?
I have "Camille Alicia Garcia" as my financial advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
Insightful video! Working with a financial analyst could actually set you up for life. I'm overjoyed that I was able to contact my coach, Joseph Sullivan Anderson. earlier this year because, while others were complaining about inflation, I was busy cashing out from my Diversified-portfolio, finally making over 370k for the first quarter of the year. Joseph Sullivan Anderson has assisted us in becoming debt-free and saving for retirement.
Thank you so much for your help. Your coach was easy to find online. Before we planned our phone call, I conducted some research on him. Based on his web resume, he appears to be knowledgeable.
Initially, I mistook Joseph Sullivan Anderson for a fraud or a shady marketer until a buddy of mine showed me proof of earnings from having Joseph Sullivan Anderson advise him... my second month with that guru and my portfolio is already up $100,000 from a $18,000 start-up.
😂😂😂 this marketing tactic is hilarious … having multiple fake accounts and writing and and responding to yourself to build false rapport and credibility with fake testimonials 😂😂 do people really fall for this?
10:14 This is where the real game starts. People in social media never talked about cash reserve and I thank you thach for pointing this out.
Your wisdom is greatly appreciated!! I was guilty of trying to keep up with the experience investors. Stay in your lane and focus on creating your own legacy.
There are so many fakes on youtube. Thach is one of the few that wants to help from the bottom of his heart 🎉
It's his experience , it's all true
Thach is a real one
You think so
@@ChristopherFlips i know so
Excellent advices love it Thach. Thanks
Thanks for all the great information!! It’s great to find someone who is actually educating and providing valuable information💫 a million dollar people give out a million dollar context 🎉
Thank you for great insight!!!
Great video! Especially the part about treating the tenant right! I had a great landlord and stayed in that me for 11 years!
Leveraging all that experience from this video is super valuable... enjoy the process🤙🏽
this is so true great break down
Great video! Thanks for posting
Thank you for the investor tips that we need to hear so we don’t make the mistake. Thank you again.
I really like this video! Thank you Thach
Bro, you are my new favorite Real Estate mentor.
I’m from Arizona and my profession is a real estate agent.
Awesome Stuff. Especially #10!!
This was great information and I related to this as a real estate investor!! Thank you
Thach, thank you for your wisdom! More of these videos please!!
Uncle Thach is the GOAT!
This was great advice, thanks Thach.
The best lesson ❤
Love this video. Thanks for the knowledge.
So inspiring
This is very concise that I didn’t get from BP
Thank you so much to share
Love your videos! Thank you very much!
Real 💯 Thach👍🏽
Excellent advice!
🔥🔥🔥amazing video as always❗️❗️❗️
THANK YOU !
Great video! Biggest mistake I ever made was hiring a contractor from hell! And he was a referral! Make sure you always vet your vendors with at least 3 recommendations from other investors!!
This is great
That was a really good one.
like the energy!
Great videos
Great advice.
This video was beautiful.
Not only do I like this video. I love it and love this guy
Great stuff brother
Great Video! Our team is focusing on working with investors during this market shift...
GD this info is so valuable
This channel has a huge issue with bot comments :(
He is speaking facts. I am the agent and investor from Seattle . Been there done that! He is right here!
Straight lace game!✊🏽
My type of dude, straight to the point. Dropping gems these are practical real-life applications that will surly help one to avoid the common pitfalls of being anxious.
Love video
❤this!!!
Where can you see the market? Like check if the prices are down and if its up?
I have been watching you for a long time on Instagram. I didn’t know you had a TH-cam channel. Thanks my brother appreciate you.❤❤
Respect✊️
Thach, do you lease to those who manage (elderly, children, DD, Vets,...) group homes?
Music Too noisy and loud
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
By following this practice; *(Being frugal , Investing and staying positive),* and by working with a *financial planner,* I achieved financial independence.
If I could ask; who’s your financial Adviser and how do I gain more info?
I get help from *Donald Nathan Scott.* A well known Investment Adviser who operates privately . You can research his name to get more information.
3 Things in Real Estate to understand.
1. Location
2. Location
3. Location
What do you mean?
The key is to save your money...never stop learning....learn from other ppl...learn from your mistakes...it's ok to fall on your ass....failure is a learning experience....get out your comfort zone ...how the hell else are you going to learn if your not trying....dnt be scared...ppl will tell u ur crazy....most ppl won't believe in you....u gotta beleive in your self
I do elevator construction and that is something that costs a fortune man you’ve gotta have have balls but you better be right or it can ruin you real quick thanks for that video
I would love thach for you to be my mentor i will pay you to teach me the steps to gaining wealth
Sure $2,000 per hour, 8 hours minimum
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part.
Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all.
I was able to increase my portfolio by 589k USD in months. You have to seek for help in the right places.
I think it's not always about fear. Sometimes realistic factors discourage people from reaching their goals in life. For example, I have tried to invest in the stock market several times, but have always been put off by fluctuations in the value of shares
Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@@LauraGadon
sometimes we fail to realize how resourceful an extra income can be until crisis.. at this point i'm looking for assistance with where to put my money during this financial recession, mind if i look up your advisor pls
@@castillofoley3991
It's run by Amanda fuller kolbach, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary
@@LauraGadon
Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing.
Sorry, @1:17 did you say you knocked on 11k doors twice in a year? I take it that you misspoke.
So he learned and got so good by getting screwed by people over and over throughout the years. No wonder he charges a lot for mentorship. He can save you $1000s in mistakes with his experience.
all fake stuff