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@sksunnybhaiff754615 күн бұрын
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
@jamespak80538 күн бұрын
what book?
@NeonXXP7 ай бұрын
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.
@Multifamilystrategy7 ай бұрын
100% correct!
@jamisonryon30097 ай бұрын
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."
@SNUFFED2ROLLs7 ай бұрын
it's never easy you have to be big man to even seek it!
@waterfoker85587 ай бұрын
Ah so this is what Grant Cardone did during his 90 day challenge
@Noved-jv2mi5 ай бұрын
Keyword cash flow
@Cheduepallottole8 ай бұрын
I saw this young guy years ago on biggerpockets, then on his KZbin channel. He is richier every year and I am always the same idiot watching videos and not taking action 😂
@Multifamilystrategy8 ай бұрын
Take it one day at a time. Starts with 1
@Evermorecurious8 ай бұрын
@@Multifamilystrategy Is it possible to do seller finance with a house hack?
@Multifamilystrategy8 ай бұрын
@@Evermorecuriousyep. Our buddy lives in his seller financed 26plex
@tterb7778 ай бұрын
@@Evermorecuriousyes! It might be easier b/ interest rate are high causing slower sales traditionally
@kaiirosarchive8 ай бұрын
@@MultifamilystrategyI’m 23 trying to become a multimillionaire before 30 where can I learn from You guys
@andrewcheshire2447 ай бұрын
"I made 20million from my first 40 deals and then started buying RE with no money". That is so helpful.
@Multifamilystrategy7 ай бұрын
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
@lorenk.7757 ай бұрын
😆😆🤣🤣👌
@Toyinsbello3 күн бұрын
If you ever need money for your real estate transaction EMDs , double closings, hard money, gap funding , downpayments,let me know! @toyinsbello
@SpencerCornelia8 ай бұрын
Christian and Cody are awesome. Glad to see you feature them on this channel
@UpFlip8 ай бұрын
It's an honor to have them! 🙏
@Multifamilystrategy8 ай бұрын
That's high praise coming from Spenser!
@keonnee79238 ай бұрын
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.
@Multifamilystrategy8 ай бұрын
Ben has done well
@CryptoAbe5 ай бұрын
Time to tax block the 1031 😂
@Ceoooooooo286 ай бұрын
This video killed it!!! The most in-depth detail I've seen by far. Every aspect of this particular video is impressive and professional.
@SublimeSyr6 ай бұрын
Phenomenal interviewer. Excellent questions. Thank you all for putting this together.
@Quickdraw11115 ай бұрын
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?
@adamrodriguez75982 ай бұрын
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.
@ClawsonNelsonFangman29 күн бұрын
dont be afraid to learn, study you got it
@DinoFinance17 күн бұрын
People who lose usually succeed later because they learn from their mistakes. Real estate is simple, not easy.
@willyvasquez76026 ай бұрын
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.
@PsychRick3 ай бұрын
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
@kenziecashflow6 ай бұрын
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!
@UpFlip6 ай бұрын
Your appreciation means a lot to us and motivates us to continue producing content like this. 🙏
@MrAbword7 ай бұрын
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
@Multifamilystrategy7 ай бұрын
100% agree
@timduncan84506 ай бұрын
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?
@alexsteven.m6414Ай бұрын
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.
@edelineguillet2121Ай бұрын
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.
@BUILDYBUNCH8 ай бұрын
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!
@Multifamilystrategy8 ай бұрын
Thank you!!
@graywilliams_77.7 ай бұрын
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.....
@thehorde48687 ай бұрын
@sarahmark979no most of the blame goes to the govt for making restrictions and useless regulations
@Babavibe7 ай бұрын
Well no Investors no homes. Or do you cry about P&G for earning billions with toilet paper and tooth brushes? No
@Unknown-l5m8x7 ай бұрын
@victoriajonas44agreed
@ZionGeeter6 ай бұрын
@sarahmark979you could also blame most people for not using everyday readily available tools to learn for free how to do it themselves. What the problem is, is that most people won’t take action and that’s where the entrepreneurs and investors win. They take action that others won’t, and they sacrificed time to learn how to do those things that others won’t take time to learn.
@christopherpalmer42435 ай бұрын
@@thehorde4868 think so
@cornpop71768 ай бұрын
Between Blackrock and smalltime investors like this i now understand what they mean when they say "you will own nothing and be "happy"
@Multifamilystrategy8 ай бұрын
Much simpler life that way.
@ZTone17768 ай бұрын
@@Multifamilystrategylol, communist bot.
@natemx788 ай бұрын
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
@Multifamilystrategy8 ай бұрын
Introverts seem to do really well in this industry even though there are a lot of social skills required!
@YoungSuuPhan7 ай бұрын
When you hear the words, no education and no money are required; run as far as you can.
@Multifamilystrategy7 ай бұрын
If the goal is to get and stay broke... the above comment is fantastic advice!!!
@JamesMFInvestАй бұрын
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.
@UpFlipАй бұрын
For sure! Thanks for sharing this insightful perspective.
@moreclips8055 ай бұрын
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?
@doingcodythingsyoutube5 ай бұрын
They’ve got a note and DOT against the property. I get title
@LandlordOdyssey8 ай бұрын
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
@UpFlip8 ай бұрын
Wow that's awesome! How long have you been in this business?
@LandlordOdyssey8 ай бұрын
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 KZbin@@UpFlip
@illuminated24388 ай бұрын
You are. You shouldn't touch anything of less than 32 units, the scale just isn't there.
@LandlordOdyssey8 ай бұрын
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
@UglyHomesWanted7 ай бұрын
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!
@tylercummings86368 ай бұрын
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.
@Multifamilystrategy8 ай бұрын
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
@JustinMentionedIt8 ай бұрын
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
@crackerjackB8 ай бұрын
@@Multifamilystrategywhy
@STOICSOUL7778 ай бұрын
Noted
@Noah-vc7io6 ай бұрын
@@Multifamilystrategy Game!!
@ldandco8 ай бұрын
Young. No equity. No capital. Nothing to lose if they go broke since they were pretty much broke already.
@Multifamilystrategy8 ай бұрын
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.
@rfrehansh36325 ай бұрын
@@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
@victorhardin218613 күн бұрын
Haha this kids never been actually broke.
@kabughoshifah.uganda2568 ай бұрын
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
@Multifamilystrategy8 ай бұрын
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!
@kabughoshifah.uganda2568 ай бұрын
@@Multifamilystrategy wooow I love this, thanks Soo much ❤️😍
@TalesOfTrillions5 ай бұрын
Seller financing sounds like the secret sauce here. It's all about building trust and relationships.
@UpFlip5 ай бұрын
You're absolutely correct!
@sizwemdakane5067 ай бұрын
My 1st time here. Beautiful and informative interview; straight forward answers for good questions asked, no bs👌🏾. Thank you brothers 🙏🏽
@diyinvestorjacqueline23327 күн бұрын
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
@UpFlip6 күн бұрын
Wow, that’s awesome! Cody is a legend! Can’t believe you got to share the stage with him!
@pupo-realtor667 ай бұрын
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.
@roman6186 ай бұрын
It doesn't add up. As an owner, why would I sell you without any money?
@christopherpalmer42435 ай бұрын
Yeah, what collateral did he have to secure the hard money loan? Confusing
@Ginger-g4bАй бұрын
hey did u figure this out im stuck on the same thing
@freelancerakram24414 күн бұрын
@@Ginger-g4bhu
@Nic0Jesse12 сағат бұрын
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.
@wojak82978 ай бұрын
that boy is very smart and focused
@UpFlip8 ай бұрын
They drop some serious knowledge bombs that blows your mind! 🔥
@Money_era4 ай бұрын
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
@gparejaf18 ай бұрын
Great episode these guys are very generous with their knowledge great interviewing also
@Multifamilystrategy8 ай бұрын
Super fun to be invited on the channel
@UpFlip8 ай бұрын
We learned a lot from them, that's for sure! Hope you did too. 🙏
@erichaskell8 ай бұрын
The concept of buying with little or no money has been around for a long time, but so have real estate booms and busts.
@Multifamilystrategy8 ай бұрын
That's why you need long term fixed rate debt. Markets change but fixed rates do not.
@b-rare8 ай бұрын
Also interest rates fluctuating 😂😂 high risk has been my comment from the start. Very high risk I’m changing it
@b-rare8 ай бұрын
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
@WillBurton30008 ай бұрын
@@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.
@G0SuBunnY8 ай бұрын
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.
@UpFlip8 ай бұрын
They are both masters of their craft, with unique strategies and approaches. No doubt both are crushing it in the industry! 👏
@jayvlugt33094 ай бұрын
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.
@Toyinsbello3 күн бұрын
If you ever need money for your real estate transaction EMDs , double closings, hard money, gap funding , downpayments,let me know! @toyinsbello
@jasonjosephlee7 ай бұрын
Love to see young people crushing in Real Estate !!!
@doingcodythingsyoutube6 ай бұрын
Thanks
@particleex64287 ай бұрын
Where do you find investors who will work with you?
@carlosbonilla26378 ай бұрын
How in the world does a bank lend 3.8 million to a jobless 21 yr old. NO WAY
@crackerjackB8 ай бұрын
Seller financed
@Multifamilystrategy8 ай бұрын
Bank loans came after all the seller financing
@seydinadiouf44958 ай бұрын
The best real estate video I have ever seen!
@Multifamilystrategy8 ай бұрын
Hurray!!! Glad we got to be in it!
@UpFlip8 ай бұрын
We appreciate you tuning in! Thank you! ☺️
@rylandmontes25478 ай бұрын
You would love grant cardone aswell. his free lives he has up on his channel are so informational
@allaboutphones74888 ай бұрын
25 mill in debt at the age of 23 ... lol
@Multifamilystrategy8 ай бұрын
Only 16m ;)
@b-rare8 ай бұрын
And prob only 500k value once diluted and taxes paid 😂 HIGH RISK.
@sirg_k8 ай бұрын
Have you read rich dad poor dad?
@jeebs20027 ай бұрын
That was a lot of great information. Great questions and answers.
@Multifamilystrategy7 ай бұрын
Thank you! It's been a fun adventure. Grateful to get to share the story!!
@jerrek44492 ай бұрын
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.
@rspeedemon17 ай бұрын
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.
@Multifamilystrategy7 ай бұрын
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%
@ad64177 ай бұрын
Carlton Sheets was selling these ideas back in the 70s.
@doingcodythingsyoutube7 ай бұрын
I studied Carlton sheets
@HappyFish508 ай бұрын
These guys are a amazing in person! Lets go guys!!!
@Multifamilystrategy8 ай бұрын
Thank you!!!!!
@UpFlip8 ай бұрын
Couldn't agree more! 🔥
@WellHiddenTreasure8 ай бұрын
Great episode. Thanks for the openness
@Multifamilystrategy8 ай бұрын
We do our best
@UpFlip8 ай бұрын
We hope you enjoyed the video! ☺️
@OurCrazyCrew7 ай бұрын
Great video! It was so sweet how they wanted to retire their mom and wife 😢❤
@Multifamilystrategy7 ай бұрын
And my wife is very happy about it!!!
@dwdwd8497 ай бұрын
Multifamilystrategy, with a seller financed deal if the property appreciates are you able get equity loans from a traditional bank?
@Multifamilystrategy7 ай бұрын
Yes. We have several conventional bank loans that we have pulled cash out with
@christopheboswell31988 ай бұрын
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!
@Multifamilystrategy8 ай бұрын
We didn't use banks. I think that is a major first thing. Banks are very difficult to work with.
@christopheboswell31988 ай бұрын
@@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!
@casasdenick6 ай бұрын
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
@JannaBailey-wv3qk4 ай бұрын
Thank you for this! No gatekeeping just real conversation and advice.
@UpFlip4 ай бұрын
Glad you appreciated it! 🙌
@Alvie152 ай бұрын
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?
@30musabboouf612 ай бұрын
from an investor
@BLAKRAINBOW7 ай бұрын
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)
@DjSharperimage8 ай бұрын
This is so insightful and inspiring! I actually want to get into Real Estate now.
@Multifamilystrategy8 ай бұрын
Fastest way to become an investor is to buy property
@ryanwinters83828 ай бұрын
What is your strategy with owners on mid sized portfolios who (without you even asking) say they wont hold paper.
@Multifamilystrategy8 ай бұрын
Always Deal then debt and equity. If you can't negotiate the debt then you will need to win on price.
@ryanwinters83828 ай бұрын
@@MultifamilystrategyI was offered a 23 unit off market property and on our 1st call in the 1st 10 mins the owner blurts out he wont hold paper. I made no reference to $ at all at that point, I was trying to learn about the property. I'm thinking of trying to build trust over some time and conversations to see if that will change. What would you suggest?
@blakebro18 ай бұрын
I absolutely LOVE Ben Makkah. He is such an awesome dude who is very successful in real estate.
@juliachavez85 ай бұрын
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!
@UpFlip5 ай бұрын
Hope things continue to improve for you from here on out!
@juliachavez85 ай бұрын
@@UpFlip we are always hoping for the best, staying positive at all times. Wish you the best and continue with your success ! Thank you
@luketylerpdx8 ай бұрын
You guys bought the Robin Hood in Union? Great property, good numbers! Kudos!
@UpFlip8 ай бұрын
They did! What a stunning property. 🙌
@Multifamilystrategy8 ай бұрын
Yes we did! Just hosted an event down there too. We love the property- Christian Osgood
@itshot75017 ай бұрын
How do i find a mentor to teach me how to do the part that you didn't explain when you dont work at a brokerage or real estate agency?
@Multifamilystrategy7 ай бұрын
Being a broker or agent does not help being an investor. Totally different jobs. One does not relate much to the other
@jf51547 ай бұрын
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
@Multifamilystrategy7 ай бұрын
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.
@SolarPowerMyRV7 ай бұрын
who loans 19 year olds a million dollars with no experience , no job, no credit and no assets. Asking for a friend
@Multifamilystrategy7 ай бұрын
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
@christopherpalmer42435 ай бұрын
@@Multifamilystrategy What was his collateral?
@Geneous_5 ай бұрын
@@christopherpalmer4243the equity of the home
@Geneous_5 ай бұрын
@@christopherpalmer4243the ownership of the real property and the LLC
@doggy2555 ай бұрын
@@christopherpalmer4243probably his pants down and bent over
@Luisvegabroker7 ай бұрын
Congratulations Cody Davis and Christian 🤝 , I need to take the dive as well and do my first man 😎 let's keep in touch
@Multifamilystrategy7 ай бұрын
Let's do it
@timduncan84506 ай бұрын
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?
@jdarling53153 ай бұрын
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
@InvestingwithBishop8 ай бұрын
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.
@InvestingwithBishop8 ай бұрын
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.
@UpFlip8 ай бұрын
Everyone has their own way of doing things, and they all have their merits. Diversity is awesome! 😎
@Multifamilystrategy8 ай бұрын
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.
@InvestingwithBishop8 ай бұрын
@@Multifamilystrategy I understand seller financing, more risky for the seller though.
@DawnSpencer-k4g7 ай бұрын
What would be the best way to have someone on a recurring basis to both mentor me, keep me more accountable and not scam me. I am very wary of a lot of gurus out there to even ask them for help. I’m happy with my income and business success but I have reached a plateau and would rather go back to real estate only.
@kbenk1084 ай бұрын
The guy in the green sweater is smart. He's going to become very wealthy.
@doingcodythingsyoutube4 ай бұрын
Thanks!
@30musabboouf612 ай бұрын
@@doingcodythingsyoutube u r amzing cody :)
@Shepherdservices3178 ай бұрын
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
@Multifamilystrategy8 ай бұрын
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.
@g.t.g11116 ай бұрын
This interview provides great insight and pitfalls to avoid. THANK YOU!! Much Success!
@doingcodythingsyoutube5 ай бұрын
Thanks
@R0cketRed8 ай бұрын
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
@UpFlip8 ай бұрын
There's only so much we can cover in a short time. We barely scratched the surface of this topic. 😅
@R0cketRed8 ай бұрын
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.
@Multifamilystrategy8 ай бұрын
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.
@adrianarellano697 ай бұрын
Colossis changed everything for my brother, pics really do sell. Gonna share their link
@charlestonantoine20776 ай бұрын
Where are the best markets to start buying
@RocThaDon7 ай бұрын
( 0:45 - 0:56 ) = daddy’s money
@Multifamilystrategy7 ай бұрын
Unfortunately no dice. Had to find private investors
@croomdevineelevation25166 ай бұрын
@@Multifamilystrategydo you have an email I can reach out to you at? I want to get a coffee with you soon
@TaddyMason-rb6oj7 ай бұрын
What is the name of thier property management company?
@Multifamilystrategy7 ай бұрын
Kensho property management
@nonosquadgaming7 күн бұрын
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.
@UpFlip7 күн бұрын
It sounds like you're on a similar journey! Best of luck with your real estate ventures!
@nonosquadgaming7 күн бұрын
@@UpFlip thank you!
@iseliercamacho72568 ай бұрын
Amazing mentorship! Thank you so much.
@JirenT8 ай бұрын
not fully understanding the "can get started with not having the capital to begin with". I get you can finance, but don't you have to have at least little equity or capital in order to pay off your first few months of the debt? it's not like you will be able to get cash flow right away from your property. Can someone please explain?
@Multifamilystrategy8 ай бұрын
You can get cash at close or otherwise fund the first few months. Another structure is to have the payments start 3-6 months after close. Many many ways to play with new money on a seller financed deal
@saulgoodman20188 ай бұрын
I'm not an expect. But I even know not to film in front of a window. Where the outside light in coming through.
@Multifamilystrategy8 ай бұрын
Hope it didn't distract too much from the content!
@mylesdbАй бұрын
My landlord recently attempted to sell the duplex I live in but let the listing expire. I am interested to own it but as a newcomer / first timer I don’t know how to navigate approaching the landlord, she wants to sell to buy another property so a sub2 negotiation seems tricky if she needs cash, I don’t think she can do seller financing either. Anyone willing to coach me on what I could say to my landlord?
@EngineerDJ_Julius8 ай бұрын
I KNEW IT!! better act before all the secrets become public
@UpFlip8 ай бұрын
We wish you the best on your new venture! 🔥
@Multifamilystrategy8 ай бұрын
There are no secrets in this game!
@Mastercookiee3 ай бұрын
OK, it still don’t make sense to me though because you said you still needed 125K but you had no money so how did you get the other 125K from the money lender still with no money?
@jazzpote4316Ай бұрын
He found another private investor willing to give this money. The reason the investor was ok is that he would win whether he makes the deal work or not. The investor charged him a high interest of 12% if the deal works out. If the deal doesn't worn out and he fails to repay the investor, then the property business is given to the investor who takes over. So, if the compound makes profit, the investor gets a 12% yield. If it doesn't, the investor owns the compound. Not bad.
@Ronal-6067 ай бұрын
BoxBrownie is awesome but have you seen what colossis can do with staging? Next level
@Kaitokaz7 ай бұрын
Wow great they sell a course
@FepXBL8 ай бұрын
First property at 19 placing him at the height of the market… yeah mommy and daddy should be interviewed here 😂
@Multifamilystrategy8 ай бұрын
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 🙂
@FepXBL8 ай бұрын
@@Multifamilystrategy You don’t even deny it 😂
@intsccents27 күн бұрын
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...
@UpFlip26 күн бұрын
Their buy-and-hold mentality is the key to real success in real estate, but we agree-LA might be a different challenge altogether!
@AlexPerazaTV6 ай бұрын
Seller finance is very well known.
@UpFlip6 ай бұрын
Yet often overlooked!
@doingcodythingsyoutube6 ай бұрын
Yep!
@Jump-2-the-moon8 ай бұрын
What’s the take home profit for them? I understand it’s high net worth values but what’s the actual disposable income they’re making a year?
@Jump-2-the-moon8 ай бұрын
Never mind, they answered this question towards the end. They only pay themselves $60K a year… I’m not sure how that signifies success.
@Multifamilystrategy8 ай бұрын
@@Jump-2-the-moonthe ability to pay ourself more and the discipline not to helped us scale quicker.
@saulgoodman20188 ай бұрын
@@Jump-2-the-moon That's how much they pay themselves. Not how much profit it makes. But this show loves to leave out profit.
@b-rare8 ай бұрын
It’s prob 50k lol you’re onto it believe me. There’s a reason they do coaching and property maintenance jobs cause they need the income . They own nothing right now
@Kentarius8 ай бұрын
@@b-raremiserable ass man lmao
@startingtech39008 ай бұрын
There is just no seller finance deals in Cali lol. I have over 80,000 down and can’t get a loan bc I’m self employed (2+ years on books)
@Multifamilystrategy8 ай бұрын
false. lol
@sirg_k8 ай бұрын
Watch the video again and challenge your belief. Don't work with banks, work with finding the deal. The hard part isn't digging out the treasure, it's finding it first.
@DAVID-jf8tj8 ай бұрын
good video. Can you make an epoxy floor blog?
@UpFlip8 ай бұрын
We actually have one! Check out episode 143 on our channel 👉 kzbin.info/www/bejne/p2fQmJugps6dq7c! ☺️
@saulgoodman20188 ай бұрын
If I was selling property, I want all the money now. Not over the course of 10, 15, 20 years.
@Multifamilystrategy8 ай бұрын
👍🏻👍🏻
@dhinuthsilva93128 ай бұрын
😂
@tterb7778 ай бұрын
When you have a lot of money and want to sell property people do seller financing to lower capital gains. Older folks with property seek out buyers to do seller financing
@ThePrinceEffect8 ай бұрын
So the logic of seller financing is good if you understand it. Alot of times, buyers pay a 10-20% down-payment and then you act as the lien holder in place of the bank, so if the buyer defaults on the loan. You keep that down payment plus addition payments they've made, as well as the property (including any appreciation it experienced). So say for instance you sold a 500k house, they paid 100k down and went 10 years before defaulting. Now that 500k house is worth 800k, and over the 10 years and down payment, you made 300k (interest is front loaded). So now you pretty much made 600k profit off a house you could have sold for 500k plus you kept the house. The other situation where seller financing works is if you just can't find a buyer. And you settle for it.
@saulgoodman20188 ай бұрын
@@ThePrinceEffect I don't care. I am not a bank.
@mercurials548 ай бұрын
"You'll own nothing and you'll be happy" Everybody’s broke 💯
@UpFlip8 ай бұрын
They dropped some wonderful nuggets to think about 🙏
@salvadorslim32342 ай бұрын
Very valuable information. Thank you ! More please ❤
@Mr.Pop02 ай бұрын
Hey upflip what's with the paid comments/bots?
@Unknownn9820Ай бұрын
Im not understanding how they use “no personal money” or you dont need money but then they need 1,000,000 down Where does that million come from? A loan? Sorry if its a dumb question i just dont understand
@johnnydang55486 ай бұрын
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 🙏
@doingcodythingsyoutube6 ай бұрын
Thanks!
@1FighterX8 ай бұрын
*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
@Sr.Cruz.6 ай бұрын
If u want to buy a house go to the bank court tax houses.
@DNathan12577 ай бұрын
Love this channel, definitely going to try colossis for my moms condo. Fingers crossed!
@franklinokeke78483 ай бұрын
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 🙏
@rem84055 ай бұрын
best interview I've seen on real estate
@doingcodythingsyoutube5 ай бұрын
Thanks!
@michaelrobil70136 ай бұрын
So I’m confused, the word NO MONEY was used about 100 times but yet they put a million dollar down???