8 Rental Units in Under 1 YEAR (Starting with NO Money)

Episode #335
Buying eight rental units in under one year-how is that even possible? By the time you’re done with this episode, you’ll know how to fund any rental property purchase, no matter how much money or experience you have. And if Tim Yu can build a rental property portfolio AND do multiple house flips in less than twelve months when he had close to nothing in his bank account this time last year, you can, too.
Tim is a true "Real Estate Rookie." He spent over a year listening to every episode of the show on his way to and from work. After getting fed up with analysis paralysis, Tim threw in a lowball offer on a potential BRRRR (buy, rehab, rent, refinance, repeat) property. His offer was accepted! The problem? He had NO money to buy it. Fast forward a year; Tim has done ten deals, owns eight rental units, and is getting closer to leaving his W2 job.
In this episode, Tim reviews EVERY (and we mean EVERY) type of rental property financing. From hard money loans to credit cards, selling off retirement accounts, and partnerships. Whether you’ve got the funds or not, Tim will walk through EXACTLY how to get your first (or next) rental property!
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Join BiggerPockets for FREE 👇
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Join the Real Estate Rookie Facebook Group:
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Apply to Be a Guest on the “Real Estate Rookie” Podcast:
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Past Episodes Mentioned in Today’s Show:
VA Loans: www.biggerpockets.com/blog/ro...
Serena Norris: www.biggerpockets.com/blog/ro...
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Books Mentioned in Today’s Show:
“Real Estate Partnerships”: store.biggerpockets.com/produ...
“Rich Dad Poor Dad”: store.biggerpockets.com/produ...
“Who Not How”: www.amazon.com/Who-Not-How-Ac...
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Tools for Finding and Managing Real Estate Deals:
Invelo: inveloapp.com/
REIPro: www.myreipro.com/
Privy: www.getprivynow.com/
RentRedi: rentredi.com/biggerpockets/
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Connect with Tim:
BiggerPockets: www.biggerpockets.com/users/t...
Instagram: @itstimyu or / itstimyu
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
02:45 8 Rentals in Under 1 YEAR
06:32 Investing at Lightning Speed
07:50 Selling His 401k for Rentals
14:33 Creative Finance, Subject To, and VA Loans
27:07 Flipping Houses with Credit Cards!?
36:30 Rehabs Gone Wrong
42:51 How to Find a Partner
44:52 Rookie Request Line
47:29 Rookie Exam
51:31 Rookie Rockstar
52:47 Connect with Tim!

[@haysus]

Title says “starting with no money”. Should have said starting with a VA loan and an investment account. C’mon guys..be real, no clickbait.

[@christopherkelly9985]

Yeah agreed

[@juliocesarcortez1660]

Agreed, Anything for views now this days smh

[@ShikharSharma1398]

With no money would imply no money in his bank account from his earnings/savings. How tf do yo expect someone buying a rental unit with "NO Money" ?

[@andrewfisher8793]

​@@juliocesarcortez1660qaaaaqqaaqaqa😊😊Aaaaaa😊

[@haviick1014]

@@ShikharSharma1398why would they title the video as such ? 😂😂

[@richardjudge2322]

Thank You Tony and Ashley.

[@matchlessmaintenanceandmor9509]

Love you guys!!! I truly appreciate everything you do to bring us these stories and all the information… you guys are a wonderful blessing

[@richardjudge2322]

Thanks for sharing Tim Yu.

[@alexpham2]

This is inspirational! gives me hope

[@arlenemurphy781]

Very helpful video. Thanks!

[@litos2cold906]

Just comming across this podcast I will be more in touch. I’m from Louisville aswell been a home owner since 2017 and just not buying my first investment property, I plan on getting a real estate license this year to get the ball rolling. This guys is pretty inspiring for me to get started can’t wait to

[@hu90802]

What a smart bunch, really glad I stumbled upon this video.

[@frankcisco9898]

This was a great episode! Really motivational for us rookies!

[@ItsTimYu]

Thanks brother! Appreciate you commenting.

[@heididominguez2224]

This is a very, very helpful edition. Thank you guys for sharing.

[@gailmarian5330]

Im in the same boat like the guest, but will have to find a way to get started .

[@Jason.Lee.rei.]

Let’s go! Nice work Tim!

[@mainstreetsilverback]

Congrats and thanks for serving our country. 👍

[@ItsTimYu]

Thank you my friend!

[@BUILDYBUNCH]

No guts, no glory. You put it all out there. Thanks for sharing.

[@ItsTimYu]

Thank you! It’s been a fun / wild ride so far.

[@glamorgirly]

This is so inspirational Tim! No RE experience but you convinced a lender to lend 90% LTV.

[@skysthelimit.podcast]

Great video!

[@therealissajo]

Thank you for this, you guys are amazing.

[@tyjameson7404]

Great interview!! This guy was amazing on his vision and leverage 🔥🙌🏾👊🏽👏🏿💪🏾

[@ItsTimYu]

Thank you my friend!!!

[@MonteMitchell]

I like reading the comments before watching the full video. Saved me an hour of my time.

[@donpham5496]

Great story.

[@ollie5226]

Great Story this is a must listen please share!

[@ItsTimYu]

Thanks my friend! Thanks for the comment. How are you in your journey?

[@ollie5226]

@@ItsTimYu great brother this is Jon bro! Ollie is my alias on youtube. I will soon open a seperate youtube account to match my tiktok and Instagram/Facebook and start making more videos on wholesaling and vlog my journey. I also plan on makeing before and after videos on the house Angie hooked us up with. I really liked your story on the pod cast its very real and unfiltered.

[@ItsTimYu]

@@ollie5226 I love this!

[@Luisvegabroker]

I need to start this year and could use some guidance

[@obedjacquet8352]

This interview just gave me a boost of confidence to try hard money lending for my next real estate investment. Thanks dude.

[@jasonjosephlee]

Great story!

[@tmoney3189]

How do I get in contact with your guest?

[@rass1818]

You need to research contract laws in the state you are working out of for there protection and yours. State contracting board has information and self help areas as well.

[@tylergherman]

Impressive numbers in a year but maybe I missed it, do any of these even really cash flow. Impressive to get a lot of property but a few of these don't sound like they'd be profitable at all.

[@killersentra]

When the ressession or draft hits. Lets do a update with this man.

[@willmclean8630]

It's called the VA funding fee and you have to be rated 10% or higher to qualify

[@ItsTimYu]

No you do not. You do not have to be rated at all to use a VA Conventional Loan

[@willmclean8630]

@@ItsTimYu to avoid the VA funding fee

[@ItsTimYu]

@@willmclean8630Ah yes, makes sense now. Luckily, you can get it rolled up into the loan which is what I did.

[@jacobolmos2475]

When buying a fixer-upper and having remodeling done by a GC. Is getting approved by the inspector the only obstacle??

[@KYnecktid]

Louisville stand up!! @itstimyu keep it up and great advice! My first buy and hold was sub-to. Kinda stuck now and looking for funding to acquire more rentals.

[@Daveishification]

How much time from the acceptance of an offer does an investor have to find funding?

[@ol_jasper6043]

Generally you want your financing figured out before you can give a valid offer

[@eriqblanchard22]

I just closed on my 9th after being in business for 16 months. My story is a lot different, but it has been a ride. I’d love to talk to the bigger pockets crew one day!

[@BubblySkittles14]

Congrats🎉🎉🎉🎉 May I ask how did you get started?

[@eriqblanchard22]

@@BubblySkittles14 I found an investor to put down 20% on my first property and paid them a return after I refinanced and then utilized the brrrr method!

[@shantelljones6954]

I bought my first rental with a business credit card.

[@ChanceStemMovingMaryland]

Woah, that's new lol. I'd be curious to see how that went. If you ever need any funding for any of your deals please let me know. We do Fix and Flip and DSCR Loans. Also what area are you in?

[@eringray7044]

When investors are pulling in this many properties in such a short time...Do they have emergency funds set up for those properties? Right now my husband is in a bit of a "freeze" on wanting to buy anything because he wants to have emergency funds set up for every property that we have.

[@ItsTimYu]

Hi there! I def have an emergency fund and also throw at least 15% of my monthly rents into my "warchest"! Most of my deals were creative finance with terms that allowed to give me some flexibility.

[@camlix7276]

How do i get ahold of tim yu?

[@user-uc7dv9vn5n]

Problem with SUB-TO is that the property remains in the sellers name so if the purchaser stops making payments for any reason the seller is still on the hook. Additionally, lenders don't really like sub to so alot of them end up calling the loan.

[@HEERAJANG-lx3ok]

Hello! I am new to the community and currently in the learning phase. Having said that, i think I may have the incorrect understanding of sub-to based upon reading this comment. Isnt the concept of sub-to, at the end of the day, all about transferring everything over to the new seller?? The deed, title, mortgage loan, everything?? Although I am curious then 🤔 wouldn't that just be simply just purchasing the home from the seller like a normal sell? Looking forward to reading the fact-check. Thank you!!

[@pearlh3248]

Sub-to means subject to the existing mortgage. The only thing being transferred is the deed and possession. The loan remains the same and in the sellers name.

[@hollywoodhomes4373]

Better go watch pace morby so you understand

[@OneLeggedTarantula]

No, title transfers. in fact sellers credit is toast if buyer defaults.

[@shameikamiller]

How much was the first loan?

[@antoniostephano]

Oops I spike too soon .22:20

[@dennishowland7495]

The best way to finance a Projects we don’t have the money I see a lot of people do protocols my friend bought a credit card he bought a house with a credit card

[@ItsTimYu]

An entire property with credit? That’s nuts!!!

[@dreamcatchinbebo4080]

Hi, I bought 2 three family buildings with 2 credit cards. Seller financing.

[@cryptwood]

How the money goes from a credit card to seller's pocket?

[@ItsTimYu]

@@cryptwood Hi there - I personally have not used a credit card to physically purchase a property. I have seen investors wire money to title companies through 3rd party apps like Plastiq though.

[@pebbelstar]

Honestly I'm scared for this kid but excited for his future it's anything can pull off what this kid I'd is doing its some one with optimism

[@antoniostephano]

Love the grocery store analogy for subject to but it would have been nice if he gave credit to Pace Morby from whom I am sure he "borrowed" the analogy. Also surprised neither of the host acknowledged Pace Morby who was on the show and undoubtedly used that analogy (assuming he explained subject ro). Kudos for the guests successs regardless of where he heard the anaolgy!😊

[@ItsTimYu]

I did give him credit, I said I was in his mentorship I believe. I’m a Subto student :)

[@cloroxbleach5593]

Boi idk what you watching I heard it clear

[@therealashleycrouch]

I heard him credit Pace

[@MaxCashFlows]

22:51 back it up a minute and you hear paces name several times

[@wyattpowers9618]

He did state that it was from Pace Morby and subject to lol.

[@hxncho_in_a_ss3807]

I wish this young guy nothing but the best . But he hasn’t ran into a chaos like 2008 I had 6 doors and boy this pandemic knock me out I was 22 when I got my first 2 doors

[@stephenmullenax4522]

Too bad We can’t all use the 0% down VA loan for an Investment property

[@johnkomaniecki]

Hi All, can anyone please clarify if subject to works well in both title theory and lien theory states? I'm assuming there has to be difference because i dont see banks simply agreeing with someone else taking over their mortgage especially WITHOUT them being notified. Thanks!

[@nadruik9890]

The banks dont know usually and if they were to find out would likely demand payment in full to reloan that principle at the new higher rates.. My understanding is if there is ever a housing crisis (or maybe just an issue with the one property) they can just mail the deed back to the poor nurse and she'll be financially ruined, and if housing takes off they can register the deed and take over in truth. The nurse should have just taken the $7k loss rather than risk her entire future for $2k.

[@arturomoyo13]

If the seller's home is fully paid off then subject to would be a great way. However, if you buy a home and the house is not paid off there can be a chance where the banks ask for the full amount of money since they assume the seller sold the home. In that scenario, it would be called due on sale clause. Both you the buyer and seller would lose the chance to keep the home.

[@ItsTimYu]

@@nadruik9890The due on sale clause is definitely a risk because banks have the right to ask for full payment of the loan. There are numerous different ways subject to investors can prevent & protect the seller if the bank does indeed call the loan due (rare). Example - one of our attorneys in Louisville has closed over 2K subject to deals and 4 loans were called due. Mostly smaller banks / credit unions.

[@ItsTimYu]

@@arturomoyo13you can subject to a home that’s paid off, that would just be a seller finance where the seller creates a note!

[@nothing_burger]

​@@nadruik9890 Not necessarily, you can deed the house back into the owner's name and that immediately stops the due on sale clause, then in lieu of the deed, you can set up a performance deed, otherwise known as a contract for deed or land contract. This gives the investor the right to manage the property as if he were the owner but gives up the benefits of appreciation and depreciation (for tax purposes).

[@fredkim01]

Without listening, this has to be masterlease deals

[@ItsTimYu]

Two of my deals are absolutely lease options! Good pick-up brother!

[@fredkim01]

@@ItsTimYu otherwise, how would you do it without money 😅😅😅

[@ItsTimYu]

@@fredkim01Haha yep, the Downpayment / entry fee is covered by the tenant buyer.

[@bigbusiness4335]

NJ stated its against law to receive funds at closing 😢😢 i want out already lol

[@meritholdingllc123]

Always bet on yourself. Way to go.

[@ItsTimYu]

Thank you my friend! Love to connect with you!

[@anthonyrodriguez533]

@@ItsTimYu I’m having trouble getting a hard money lender to help me out cause I’m a new investor. Is there any way you can guide me in the right direction to getting a hard money lender that approves rookies like myself lol. I’m in California by the way. Thanks in advance!

[@kareembigdream]

They Grilled my Battle but i’m happy he knew his shit! 😂 KZbin helped me too

[@howo357]

Seller concessions can only be for closing cost. How did his mortgage company allow it to be part of downpayment

[@nenax24x]

I am thoroughly confused. But thanks.

[@RJVrealtor]

On that first purchase, why would the seller have accepted a cash offer without proof of funds? My biggest hesitation is making offers without funding lined up, even though I know everybody says it find the deal and the funding will come As an agent, I would not advise my seller to except an offer without proof of funds

[@ItsTimYu]

Hi there - just to clarify, I had a POF or pre approval for normal financing prior to me searching for a rental property. Then decided to use a hard money loan after I learned about it. Hope this makes better sense!

[@Lynaka1]

Why would you not use the traditional financing instead of liquidating your 401K?

[@ItsTimYu]

@@Lynaka1didn’t have enough for the Downpayment!

[@Anonyme67]

@@ItsTimYuplease don’t rush to much. We want you to succeed. Try to pay off some of your properties. Best wishes

[@user-ts2mk1fv3l]

We do it all the time because there are hundreds of HML that will give funds

[@HappyCampersRescueRanch]

This is an awesome story ! I'd love to share mine in how in turned my ten acre homestead into a successful Glampsite 😀 From one rental to 10 over night 😉

[@fredoman2683]

Sounds awesome

[@HappyCampersRescueRanch]

@fredoman2683 thanks! We rent kayaks, pedal boats, ebikes, projector screens on site near Rainbow Springs, and now Uhauls !

[@fredoman2683]

This sounds even better, I'm in California. Are you in Florida?

[@HappyCampersRescueRanch]

@fredoman2683 yes ten minutes from Rainbow Springs 🌈 ⛺️

[@kimmiepnguyen1]

@happyCampersrescueranch you have an awesome yourself!

[@UriahBanks]

He literally has Pace Morby all in his DNA

[@ginacardarella]

Not every ones VA

[@ItsTimYu]

Absolutely! But there are FHA Loans (3.5% Down) and the new Fannie Mae 5% Conventional Loans for multi-families!

[@FreedomNrealestate]

I am at 18 rental properties in 2 years

[@idkmybffjill9682]

“With no money!” Yea and a support system that has him setting up an investment account at age 11…

[@idkmybffjill9682]

9:35 there it is. Lie in the title, had parents money and they probably helped assure the hard money lender. Wrap it up let’s go home

[@michaelwilliams3816]

Look at my boys room lol. Sold everything

[@ItsTimYu]

Haha! This is my guest bedroom, I need to make this into a cool office.

[@saucethebosss]

I know a lot of guys who buy VW buses with flat tires for $40,000, not an analogy 😆

[@elijahknox4901]

Love the video but if you’re going to say (starting with no money), technically he didn’t because of the 401k

[@MustafaBedar]

👍

[@hewhoknocks2880]

Tell him to refinance into a conventional loan That will free up his VA loan again

[@danyolsun4120]

Inexperienced, with a great deal in southern California Need funding

[@gk2547]

Totally impossible without large down payment to get loans! Its such a scam

[@ItsTimYu]

Just want to clarify - what part is a scam? Seller finance or a creative deal is not the same as getting a conventional loan from a bank.

[@Justkeepitabuck]

He did used his own money

[@mark6360]

Exactly. Clickbait title, and this is my first video I've watched that this channel has made. Not a good start. He leveraged his 401K to back lending.

[@henryimamshah7706]

I am in Edmonton I have my $20000 for a down-payment but still the bank will not finance.

[@ChanceStemMovingMaryland]

What bank are you using? Might be able to help with your funding needs

[@anthonyrodriguez533]

@@ChanceStemMovingMaryland are you a hard Mondey lender ? Do you lend for clients in California?

[@simardssurveillancesystems8209]

34:29 I Bought One of My Rental Properties With A Credit Card...So Umm Yeah

[@ItsTimYu]

The actual home purchase wasn’t through a credit card. You can transfer money through a 3rd party service like Plastiq.

[@dreamcatchinbebo4080]

I did it to. I bought 2 three family building with 2 credit cards. Sellar financing. It can happen.

[@kimmiepnguyen1]

Seller finance is the best way to leverage into building your portfolio. But if you can learn the art and science of capital raising it will make you unlimited.

[@ItsTimYu]

@@kimmiepnguyen1 I agree, Kimmie! Do you have some experience in raising capital? I would love to connect.

[@shantelljones6954]

Me too.

[@loudjy1933]

Bouta use my VA LOAN🙌🏾🔥

[@meecheongkim3980]

Did he pay for coaching from a real estate mentor?

[@ItsTimYu]

Hey there, I did. I joined one after my first couple deals.

[@meecheongkim3980]

@@ItsTimYu I want to start real estate investing and am wondering if I should buy a mentorship program to avoid mistakes and speed up.

[@evischka]

@ItsTimYu what mentorship pprogram did you join?

[@ItsTimYu]

Hi there! I’m a Subto student!

[@eddiecenteno8]

Tim yeah with Pace Morby, I was thinking about joining, would you share how much the course cost

[@ryanwilliams989]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@StellaMaris-lv2uq]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a-lot of wealth transfer in this downtime if you know where to look.

[@maryHenokNft]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@maggysterling33254]

@@maryHenokNft Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person

[@maryHenokNft]

Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.

[@BiancaSherly-qt6sb]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@theexponent3834]

Inaccurate title. VA loan and investment accounts funds.

[@bullcrapptv]

He's creepin' Zillow hardcore. $100,000 house drops to $50,000 "overnight". He offers $40,000. Finds $36,000 hard money, cuz he doesn't have $40,000, and then DOESN'T HAVE $4000 to get the deal done? Why is he creepin' on Zillow if he is dead broke? Why would anyone do a deal on a sketchy property with a guy who has zero money and zero skin in the game? And what are the chances that this will happen to me people watching this video? Backgrounds like this create false hope of lottery-syle luck for people who do want to use they money they have to build a portfolio. Ok, rant over.

[@Miclyricz]

I run a lending business of my own where we can help you with these retirement funds, private & hard money, as well as long term 30yr investment loans with 10yr interest only options. I would be more than happy to consult and see how I can help. Good luck 👍🏼💰💰💰

[@Miclyricz]

Like, comment, subscribe !!!

[@christie4336]

Thumbnail Alert! Ugh. I hate these headlines. ( Heads Up to Tim Yu. This is not about you.) Headlines are congratulating folks for the number of deals they have. Congratulating people on the number of doors. Ugh. It is the Quality of the deal. It is how well the deal fits your goals. I'd rather do one good deal a year then 20 deals that are half assed.

[@ItsTimYu]

Makes perfect sense and totally agree with ya. Better to get one great deal over a bunch of subpar deals!

[@fpm8338]

Although inspirational it’s my opinion that he is taking on a lot of risk with his positions. I wouldn’t recommend anyone to do what he is doing. Hard money loans have terrible financing terms and are super expensive to use. The fact that risk is never even brought up is troubling.

[@Abd3llah]

Wait you're a veteran at what like 25? Dude the word itself is a little shifty itself, especially if you get lots of benefits for life....

[@-Jason-L]

He is still active duty. But you can join at 17, do a 2 year army enlistment, and you are now a veteran at 19. The only benefit is college benefits, and va loans

[@temiymahs_World]

He’s cute! 🫶🏾

[@elfuturomio]

You go 🤣

[@tjay88888]

Clickbait for sure. lol. This guy had money. Not bad info though. What about California? Hilarious how people use a 100k house as their example. What about $500k house. How do you do that with no money?

[@Truckyducky]

A loan? Many banks offer a 0% down loan for your first property as long as it’s 2 units or under

[@Money2funnny]

This is not true to title what so ever. Ofc any1 thats has some willing to learn about real estate. Will take advantage of VA. & the kid had 401k since go knows when he nvr said how many years. But to have 30k left over after tapping into hos 401k tells me he was starting with a healthy sum of money. & not to mention he was in the service.

[@normantech1]

I rarely make comment... but I have to say this. This video will not age well. The guest is young. I bet he has never seen a hard time before (2001 tech bust, 2008 financial crash). History does not repeat but it rhymes. Red flag: A young man bought 8 units in a year without much capital and talked to a realtor (aka saleman/speculator). Imagine the entire real estate market is full of these kind of "investors" with speculations and high leverage without capital. it is called bubble (all speculation and debt without producing anything). When the market turns, these investors would run to the door first.

[@ItsTimYu]

I totally see your point and it’s spot on. I’ve actually slowed down acquisitions as this video is 3-4 months old from recording. I mostly flip my properties now. Thanks for the feedback!

[@mram7715]

He is renting these out. Rent will likely not decrease. He’s prob locked in at the payment he has. I think he will be solid

[@annettewebster982]

@@mram7715even if the market value goes down, rent and payments will remain the same. As long as you don't panic sell and you're patient and wait until the value goes back up, which it will, then you'll be fine.

[@Anonyme67]

I agree with you. Get rich quick. I am myself in Realestate. But all my 4 rental ( in class A- and B) neighborhoods are all paid off. Paying off the mortgage on family. I am not going to debt until I am financially free and I am not quitting my 9/5 job as well.

[@Anonyme67]

@@mram7715this is a super high risk investment as tenants does not always pay and if unexpected repairs happens….

[@ollie5226]

❤A+++

[@Lynaka1]

@ItsTimYu Would you say someone who is new to investing would benefit from joining a mentorship program? They are very expensive 😮.

[@dreamcatchinbebo4080]

Wait.. 1st go to the University of KZbin. Learn as much as you can for free99.

[@kimmiepnguyen1]

I know people learn to invest from youtube. However, information can be overwhelming, so I think having a mentor would be a great way to get your feet wet. So I would recommend it, but you need to make sure you select the right coach. You can trade your time to get mentoring, or you can pay to get mentoring.

[@ItsTimYu]

@@kimmiepnguyen1 I used to be / still am a KZbin Warrior and always trying to learn. I think mentors are a great accelerator when you're trying to build and scale a business. But it's definitely not for everyone.

[@AshleySpeaks4U]

Killing the American Dream one residence at a time. You guys call me all the time thinking I have debt. Our homes are NOT for sale. Makes me sick.🤮

[@Shu1118]

bro this guys story lmao, my eyes on zillow when im outside with my gf, pulled trigger on a 50k house, offered 40k, didnt have ANY money, looked for hard loan, asked parents, wtf anymore scripted? lol story is so bad

[@drewburgess8097]

Yeah 7.5% mortgages, 35% home inflation has ruined any chance of buying a property in the next 5 years… Thanks to KZbinrs like this who made everyone wanna buy a house and BRRR it you can’t even find a deal anymore 😂 fuck even 125 year old houses with rotting and mold are going for 150+. My sister lucked out and bought in 2019 and currently could sell for nearly double what she paid.

[@-Jason-L]

People are still buying every day. I closed last week.

[@walter6100]

I feel like this guys said a lot of BS.. on the first deal he said the property was selling for $100k, then dropped to 50k and got it for $40k. Then the hard money lender loaned him 90% and he had to come up with the 10%, that means that he only had to come up with $4k, then he flipped and said that he was trying to get a $70k loan and he still sold his 401k to finance the rest lol did I miss something. Hahaha wtf I hate bs.. also he said that he guy lending had issues due to no experience not him..

[@Mannyphntom]

Lol that's not bs... People will sell homes well below market value when they don't want to deal with squatters... lenders will loan 80-100% of the deal they just gave him 90% so not really seeing where you see bs

[@stephenreshetar4198]

How is this advertised as “with no money” but he talked about pulling from IRA, credit cards,… disappointing for my first watch of this channel, start off with lies…😔

[@grantwatson06]

My wife is still my girlfriend and my investment partner.

[@2k_the_producer]

Huh

[@andrewslife1979]

Bad advice

[@cloroxbleach5593]

drink me for that comment

[@ItsTimYu]

Hey there - yes, I def don’t recommend doing what I did. I’ve learned a lot of things as time progressed like rolling things into a self direct IRA versus liquidating a retirement account. I was just a beginner with no experience and thought that was my only option. Maybe you can teach me some more stuff!

[@jnice2074]

@@ItsTimYuwow you funded deals and spoke about things I didn’t know existed..you def learned a lot real quick

[@austinnoble1969]

Wait until rental property has commercial property taxes. Cash vacuum!

[@ItsTimYu]

@@austinnoble1969 I really hope not 🥹

[@blackierosenthal4669]

This is just dumb

[@Watermelonman1]

I own 5 units 2 houses in rural SC I don't make enough off them to quit my job what am I doing wrong

[@jerky94]

You’re not doing anything wrong. Stay safe and keep building.