$2M in Real Estate and $4.5K/Month Cash Flow from THIS Side Hustle

[@aprilvancleve9463]

Hahah! "That plant sounds like a spell from Harry Potter" to "People might think you sell a certain kind of plant...so... To clarify, Paul isn't a drug dealer." 😂 Cracking me up!

[@lailaatallah1857]

Great interview you three. Thanks Paul for so generously sharing your knowledge and experience. Your future is bright. Your almost 50% jump in equity over just a 1-2 year period in time was crazy.

[@PaulLee1990]

Thank you so much!

[@TJ-th9hw]

Kudos Paul for a job well done! You’ve provided great insights on the podcast. Keep growing! 👍👍

[@PaulLee1990]

Appreciate the kind words!

[@zyrasynowksy]

This is a very insightful podcast. Also, if Paul can share who your plant wholesaler is/are? I’ve been researching and fear to spend few hundred-thousand on some rare plants, but still unsure of the seller. If you can point me to the right direction please.

[@maxwellmarcum1263]

Super insightful and love the side hustle!

[@naureenkhashwji8039]

So you can keep using FHA again and again once you Refi out of it?

[@PaulLee1990]

Correct, assuming you have enough equity to refinance into a conventional loan.

[@tannerstafford16]

Yes you can only have 1 at a time

[@amafid]

4:38 you are welcome

[@froyhernandez4577]

Thank you

[@donglee3712]

Amazing! Paul!

[@Wes-Tyler]

How can I get in contact with him to buy some of his "exotic plants"?

[@TheHandyJeff]

This podcast was very informative. Man I need that 10% loan!

[@juanmercado3931]

What was the name of the plant ?

[@donglee3712]

Good Job!,I am proud of you !😄😁

[@ryankeenan351]

If you put 3.5% down using fha , pmi is for the life of the loan unless you refi..

[@tannerstafford16]

Correct and if you put 10% down it can drop off after 10 years I think it is but fha never drops off with equity like they’re saying

[@almmason7]

No, I just received documents from my mortgage company regarding my FHA loan and it stated if my loan is in good standing after 5 years and my equity is over 20% after 5 years on my loan I can have it dropped off. I'm not sure why, but this is something to look into if you have a FHA loan. Laws and regulations do change annually, so we can't go by what the rules were a year or so ago.

[@andylingle6646]

Academy pulled that 10% loan last week. It’s no longer available

[@susanlang2645]

Great show. ❤

[@ianmorgan5485]

Oh dear God, KZbin sucks. It’s so hard to listen to this with a KZbin commercial every three minutes

[@AbiMuy]

I am tired of hearing oh, if an agent does not have experience then look for someone else, it is like asking a fresh graduate to have 5 years of experience! Unless you buy with an agent that haven't sold much houses, they will never get to sell many. Plus going to an agent and then leaving them for the agent that had the listing your agent took you to, it is not a good thing to do.

[@naureenkhashwji8039]

Why did Paul use an FHA on the first property if he put down 5%? A conventional loan on a primary is also 5% so use FHA?

[@PaulLee1990]

Per fannie and freddie, you can't put 5% down on a fourplex using a conventional loan.

[@naureenkhashwji8039]

@@PaulLee1990 ohh yes that’s right!

[@HappyPenguin75034]

FHA in rental? I didn’t know that.

[@naureenkhashwji8039]

@@HappyPenguin75034 it’s a house hack so it’s a primary residence and you can rent out the other units that you’re not occupying.

[@banginzaza]

If I don't talk much and have crappy people skills. Could I still find some rentals?

[@almmason7]

I understand wanting to use an experienced real estate broker/agent that has done deals with investors. However, some of us are new and understand investing can still be of service to investors. I've immersed myself in the investing world well before I was a broker for over 5 years now. My parents were investors and I understand wholesaling, by and holds, flipping, listing properties for short, medium and long-term rentals and sales. So, Biggerpockects please stop lumping every agent/ broker into the same group. I'm hearing alot of work with investors friendly agents who had so many deals a month...There are other unicorn agents who haven't had as many deals because they are new but are trained and skilled to help you. Just ask them what there experience/ training is...😮