How This Real Estate Investor Went From 1 to 37 Rental Property Units in Less Than 1.5 Years!

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BiggerPockets

BiggerPockets

Күн бұрын

Пікірлер: 489
@aznswiedie
@aznswiedie 4 жыл бұрын
How much was the cash flow? Off market deal? What’s the investment and profit split between you and father in law? How much were the units? I don’t think I learned anything...
@tobizahradnik2007
@tobizahradnik2007 4 жыл бұрын
Hayden Hsu yes I feel like more information would have been useful.. debt-paid ratio interest rates cost of everything ROI average NOI
@amberboll
@amberboll 4 жыл бұрын
Yes! Details please. Generalized motivational speech isn't it. Thanks!
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
@@amberboll Message me on BP. I can explain all the details. Its hard to pack in a years worth of info in 10 min. But for those who just want to read it here, cash flow per door is average 350$ per door in my pocket after expenses. Average 22% COC. All of them are off market deals and I give my father in law 10% interest on the money I borrow. I also use a second private money lender that I had met that has no relation to me.
@aznswiedie
@aznswiedie 4 жыл бұрын
@@silverlininghomesllc507 Make another video and thanks for responding!
@amberboll
@amberboll 4 жыл бұрын
Thanks for that! Appreciate the response. Keep at it!! Amazing work!
@Trenttabor
@Trenttabor 4 жыл бұрын
I dont like when people say "I wouldnt be where I was now" without first explaining where they are now. Like I get you have 37 units but whats your equity, what of it do you actually own, whats the monthly cash flow or your net worth or an actual metric like that. Like Brandon can say "i have a hundred units" but each unit is like a 10k trailer pad that he bought with other peoples money.
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
Its true, I was kinda nervous and forgot a few things in there. Its hard to squeeze in a years worth of information in 10 min. Im between the 2% - 2.5% rule with average of 22% COC return.
@joshualupo1576
@joshualupo1576 4 жыл бұрын
@@silverlininghomesllc507 I would love to connect and learn more about your story. What's the best way to connect?
@danteescobar801
@danteescobar801 4 жыл бұрын
@Silver Lining Homes, LLC thanks for the video!!! One question though, how did you go about presenting the opportunity to individuals like your FIL?
@robert1621
@robert1621 4 жыл бұрын
@@silverlininghomesllc507 how did you find the portfolios?
@dilididli2274
@dilididli2274 4 жыл бұрын
Pretty much what I thougt. He says that he used his stepfather 400k money while he had nothing. It seems like he own only a fraction of its 37 units and its mostly all dept.
@chamixone
@chamixone 4 жыл бұрын
Why are all your units vacant?
@sunonupe
@sunonupe 4 жыл бұрын
Bingo!!! 🤷🏾‍♂️
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
Those 2 were on the market for 2 days. They are filled now. I should have stated that in the video.
@breaknfiction21
@breaknfiction21 4 жыл бұрын
sunonupe you wanted to hate so bad. You wished he wasn’t as successful as he seemed. Makes you feel better about yourself. Get out of that mindset.
@justinc2633
@justinc2633 4 жыл бұрын
@@sunonupe god damnit, someone is still more successful than you, oh well go find someone else to "Bingo"
@Jfiurr88
@Jfiurr88 4 жыл бұрын
Not to sound rude but....37 units in 1.5 years with hardly any money?? 🤔 I have a ton of questions.... Like 1. How much were these properties? 2. Where are these properties? 3. How much debt are you in? 4. How many different lenders do you owe? At the start of the video you said you were $35k in debt...are these 100% funded by other people? Do you make a killing in your full time job? I feel like these important details were left out of this video. I typically like bigger pockets, I was just a little taken back by this one.
@oscartan6300
@oscartan6300 4 жыл бұрын
He basically had a father-in-law with money who funded everything
@saifuldetroit
@saifuldetroit 4 жыл бұрын
I was looking for someone who can show me how to make money without finding father in law money. Most of the real estate guys made money using someone else money. Show me how you’ll make money by your own.
@awadoy
@awadoy 4 жыл бұрын
I would love to help you just send me a message!
@lorenzotillmaniii4273
@lorenzotillmaniii4273 4 жыл бұрын
look up business credit without personal guarantee. it takes a year to get a good dun score but if you pay the down payment on a rental, and get a tenant in the first month or two, you use the rent to pay the minimum and mortgage. make sure you buy a property where you can fix up the place fairly quick so you can refinance and get equity out so you can pay off the business credit and use the rest for the next down payment then basically repeat in simple terms how you can do it with no money
@saifuldetroit
@saifuldetroit 4 жыл бұрын
Lorenzo Tillman III. Thanks. But at least you need a good down payment money. Also it depends on your credit, Job history and other things as well
@cheyennew811
@cheyennew811 4 жыл бұрын
@@lorenzotillmaniii4273 Is this the BRRR method?
@justinc2633
@justinc2633 4 жыл бұрын
@@saifuldetroit if you dont have money you cant do it with your own money, plain and simple. obviously even if you had your own money you should still go to the bank to increase ROI. finding investors is also what you need to look for, in this case it was his father in law (who for some reason was willing to put up his retirement fund...) so this guy definitely got it a lot easier than most, but go find your "father in law" whos willing to work out a deal with you, and like lorenzo said, try to take the investors money out of the deal ASAP, once youre able to fund your own projects build your own equity and refinance and use it to fund your next project, rinse and repeat. building a real estate portfolio wont be easy, youll be working two full time jobs at once
@elunico389
@elunico389 4 жыл бұрын
This video has too much fluff. I was hoping more details on the “how” but it’s was very generic info.
@justinc2633
@justinc2633 4 жыл бұрын
it always is. whyd he bother taking all that time to show us two properties just to tell us theyre pretty much the same? I guess this is all free info but if youre gonna take the time to make a youtube video like this why not sit down and try to make it good?
@HeWhoLovesTheWorld316
@HeWhoLovesTheWorld316 3 жыл бұрын
Ok I thought I was the only one 🤔😑
@CPTZK11
@CPTZK11 4 жыл бұрын
I thought it would be more in depth. Like how much money did you start off with? How much was each (averagely) property worth? Thanks
@allan1089
@allan1089 4 жыл бұрын
I am a real estate investor. But why don't people talk about diversification of income. I'm a successful Real Estate investor, but I have other successful investments which yields me good profits.
@allan1089
@allan1089 4 жыл бұрын
I invest in forex trading and it has been paying me well for the last six months now. I make up to $25, 000 every month in forex trading.
@allan1089
@allan1089 4 жыл бұрын
I was also looking up some videos on KZbin too when I started. But I was l advised to contact an expert broker which I did. I guess I was lucky to get in contact with Alexia Clayton, my expert broker.
@allan1089
@allan1089 4 жыл бұрын
She is the one behind my success in forex trading. She has a platform where she trades for her clients. So all I get to do is invest with her while she trades for me. Then at the end of my trading period she pays me my profits. And she has a commission of 25 %.
@allan1089
@allan1089 4 жыл бұрын
Yes, she trades for anyone who is willing to trade with her.
@allan1089
@allan1089 4 жыл бұрын
You can contact Alexia Clayton through her mail address ;; claytonstrade (åt) g m a i l°c o m .....
@DIY4CFH
@DIY4CFH 4 жыл бұрын
How did he go from 1 to 37 in that short time thought that was the main point.....
@chrisaarons9069
@chrisaarons9069 3 жыл бұрын
You can message my administrator for assistance on W/H/A/S/A/P +1./6./1./9./7./6./8./9./5./2./4./
@mace8704
@mace8704 4 жыл бұрын
You used your father in laws 401k to fund your investment properties? When we talk about taking on excessive risk, using family members money is a step too far for me. Putting a family members retirement income on the line...that could be an ethical and personal nightmare. Can you imagine what would happen to your marriage if you made a significant miscalculation or judgement error and lost his money? No thanks man. This is not the way
@realfreedom8932
@realfreedom8932 4 жыл бұрын
This will not end well, he might lose everything including his family. Never go all in.
@topcomment3816
@topcomment3816 4 жыл бұрын
I invest people’s retirement money all the time. Leverage is simply going to take you faster in the direction you are already going. Fast to bankruptcy. Or fast to mega wealth. I never sweat about the money I owe people. (Because I know what I’m doing.)
@tonyl6385
@tonyl6385 Жыл бұрын
I agree and I have little to no family so it doesn't apply. The problem with these videos is they're too vague, no real detail. If anyone wants to buy real estate, they need a mortgage unless it's cash. Can't get a mortgage without a job, savings, good credit. If one is alone with limited resources then grind it out. Save, work then buy one property at a time. Rent it out, or live in it for a year rent it out, save, grind it out, stay employed and repeat.. if it's one property at a time, it's not that difficult l.
@vce.john1734
@vce.john1734 Жыл бұрын
@@tonyl6385 yup im trying to do that but if 4 properties get me good cash flow then I’ll stop but if not I’ll get 10 once a time then I stop.
@niket3nnis
@niket3nnis Жыл бұрын
This is simply meant to inspire someone to take action. This is a way many people fund investments. He also used bank financing as well. The 401k money was most likely used as a downpayment and is secured by real estate. If he ran his numbers correctly and can hold the property for at least 10 years (have enough reserves), his father in law would be more protected investing in real estate vs. stocks. In 08 most peoples retirement fund lost more than half its value. any investment. There’s always risk in investing, whether it’s in a 401k or real estate.
@K5757-d9q
@K5757-d9q Жыл бұрын
"The subfloor was so bad I didn't know what I was gonna do.... so I just filled it with drywall mud and threw the planks down."
@nathancross540
@nathancross540 4 жыл бұрын
Another great story told by Alex! Showing the power of people that set their minds to achieving their goals in Real Estate!
@muhammadqqureshi6449
@muhammadqqureshi6449 4 жыл бұрын
Highly impressed .God bless you.
@drejackson6171
@drejackson6171 4 жыл бұрын
9⁹I
@anwanaclement4710
@anwanaclement4710 4 жыл бұрын
Hey friends, have you heard of Bitcoin it's a crypto currency and it have value like dollar, you can search about Bitcoin on Google and see some information about it. Currently I have invested some money about $2000 worth Bitcoin and I earn $100 everyday from the investment and also my friend william invested $5000 Bitcoin in fact he borrowed some money and invested now he receives $200 daily Mr, Andrew @Dennis__forex09 on insta.
@abupasha9967
@abupasha9967 4 жыл бұрын
Very inspiring, but as others have said, need more details. Perhaps BP can give this guy a 2nd 10 minute slot, to go into the figures more?
@chris24hdez
@chris24hdez 4 жыл бұрын
Less flex, more learning please!
@Edgar-wq9qz
@Edgar-wq9qz 4 жыл бұрын
Agreed. Flexing way too much. Like yeah, we get it.
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
@@Edgar-wq9qz Wasnt flexing... just trying to inspire people to do and that if you want it bad enough you can do it to. Just message me on BP and I can explain in great detail what I couldnt get in 10 min on KZbin
@Wealth_Wisdom_Discernment
@Wealth_Wisdom_Discernment 4 жыл бұрын
The amount of risk this guy is taking on is staggering. He doesn’t own 37 units. His father-n-law, investors, banks own it all. A few bad tenants and vacancies like with Covid and this guy will be bankrupt. He will have a ruined relationship with his father-in-law. The best way to make money is to buy one at a time with cash or as much down as you possibly can and fix it yourself. I know, because I do it.
@bwing411
@bwing411 4 жыл бұрын
I think there’s a happy medium. I buy with cash, and refinance with a tenant. If I kept them in cash I’d be missing out on 4 other houses for each FULL Cash property. You obviously can’t get ahead of yourself with leverage, but Covid is literally making history. This does not happen frequently, and rents are actually rising in my midwestern city. We will survive covid with more profit than if it never happened.
@metalmorphstan
@metalmorphstan 4 жыл бұрын
i agree.
@cheyennew811
@cheyennew811 4 жыл бұрын
@@bwing411 I am new to this. What do you mean you buy with cash and refinance with a tenant? Are you buying the house outright then getting a loan against it?
@Viper4ever05
@Viper4ever05 4 жыл бұрын
Do you use any financial models to calculate if a property is worth it?
@justinc2633
@justinc2633 4 жыл бұрын
without covid this wouldnt be any different than most deals...the only difference is the amount of properties, and who knows how much money his father in law had, couldve had millions and a few vacancies would be nothing to worry about, youre assuming they had no extra capital and no experience in real estate. Also you use the "they have a lot of tenants" argument as if the percentage of vacancies increases the more rentals you have...if he only had a few vacancies at a time they could pay for that with the cashflow from their other properties, only becomes an issue if its mismanaged, and he loses like 10+ tenants and has no extra capital
@350zLeMans
@350zLeMans 4 жыл бұрын
I'm just trying to go from 1 to 2 properties stuck there I have the 20 percent for the second property but I think everything is overvalued here in ca, I'm blown away how he accomplished this, for once I would love to see someone explain the actual process with financing a rental property and numbers explained
@domaindefense
@domaindefense 4 жыл бұрын
Try a more affordable market.
@sourishsaha8067
@sourishsaha8067 4 жыл бұрын
which city was it again?!
@sptomase
@sptomase 2 жыл бұрын
This is great but HOW is the question I have. Do you just keep saving till you have the down payment and buy something then repeat? Is there a faster way to do it?
@ethanslafter1802
@ethanslafter1802 2 жыл бұрын
Once you have a property to lend off of, you have access to a few options to increase your acquisition speed. You could do a cash out refinance, creating a new mortgage on your first investment property for money towards a new down payment. A very effective strategy is the BRRRR method, which BiggerPockets covers in detail. You could always reach out to private money lenders with an excellent deal, and they may be willing to fund some or all of the deal for a return on their investment.
@wjohnson6938
@wjohnson6938 4 жыл бұрын
What forms of resources did you use to obtain the properties ? How much money did you use ?
@AKD7550
@AKD7550 4 жыл бұрын
27 rental units or 37 rental units?
@Kenny-ly6kk
@Kenny-ly6kk 4 жыл бұрын
yes
@skii2566
@skii2566 4 жыл бұрын
@@Kenny-ly6kk LOL
@maacseffort
@maacseffort 4 жыл бұрын
Watch the video... the owner himself says 37.
@marstotalchaos4735
@marstotalchaos4735 4 жыл бұрын
Portfolio grew so fast from 27 to 37 while we we watching this. His wife is killing it!
@justsadluck7697
@justsadluck7697 4 жыл бұрын
Find a mentor, then talk to a contractor to look for a estimate of project plan, materials lists, and labor costs to remodel a house, then go back to mentor with data then pitch in ur plan and now u share the contractor and get a learning experience with the mentor? Getting money by bank and private money to fund urself What i see is use hard/tough flooring that hard to break durable table top
@TitanRising2024
@TitanRising2024 4 жыл бұрын
I need a wife that has father in law money. Kudos to you.
@justinmorgan4568
@justinmorgan4568 4 жыл бұрын
You're straight forward, you're a real dude (not some fluffy guru), you're real, and genuine. I'm super happy I found this video, it was a nice reminder and re-inspiration for why I want to get into real estate. investing. Definitely helped keep that spark alive. Thank you sir.
@holysteppin8253
@holysteppin8253 2 жыл бұрын
sometimes its spark, others a bright light, and most there's no light at all. the ability to walk that never-ending path without needing to rely on a spark is called discipline. inspiration and motivation are temporary. like you said: "re-inspiration". that alone says that you were starting to lose it. Discipline is not long term. it's a decision you take every day to stay committed to achieving your goals, even when that spark is dead. relying on discipline is better because you can decide to keep it alive.
@YujinVasquez
@YujinVasquez 4 жыл бұрын
Amazing video, inspirational!!! I'm at 3 houses now, and this just pumped me up to keep going. Love BP and its whole community.
@cheyennew811
@cheyennew811 4 жыл бұрын
How much of a struggle was it to get the first?
@YujinVasquez
@YujinVasquez 4 жыл бұрын
@@cheyennew811 getting the first house just took a lot of time saving money. Then finding a home while I am overseas was harder, but I ended up using a service called Home Union. Hope this helps.
@cheyennew811
@cheyennew811 4 жыл бұрын
Thank you, I will into them. I'm still trying to find the first. I see houses that I think I can afford, but am still trying to understand all the financial issues so I don't get in over my head.
@YujinVasquez
@YujinVasquez 4 жыл бұрын
@@cheyennew811 My best advice, prepare for the unexpected and have 6+ months of reserves (mortgage, interest, insurance, repair money). If you're not aware, its never just 20% down. It's 20% down, plus closing costs, plus rehab money (typically $2,500 - $5,000) in my case. Your experience may vary.
@cheyennew811
@cheyennew811 4 жыл бұрын
That's the most straight forward advice I have gotten so far. Thank you so much!
@benchpress200
@benchpress200 4 жыл бұрын
Why are these 2 units sitting empty? Shouldn't they be rented out, unless the renos have literally just completed?
@bryanfahey3144
@bryanfahey3144 4 жыл бұрын
Great story. Thanks for sharing. Any tips on where you found renters?
@alexdarediaRealEstate
@alexdarediaRealEstate 3 жыл бұрын
"success is made of multiple failure strung together" - this is great!
@OmahaTonyG
@OmahaTonyG 4 жыл бұрын
Great job!!!! It took me 6 years to get to 15 units, but I don’t use private money.
@anthonywright802
@anthonywright802 3 жыл бұрын
Amen...did you use brrr method woth your own money?
@priceandpride
@priceandpride 3 жыл бұрын
How
@deanrank488
@deanrank488 3 жыл бұрын
This is much more realistic.
@tebogomametja1426
@tebogomametja1426 4 жыл бұрын
How does one raise deposit for multiple properties as most commercial properties require 20% down payment.
@chrisaarons9069
@chrisaarons9069 3 жыл бұрын
You can message my administrator for assistance on W/H/A/S/A/P +1./6./1./9./7./6./8./9./5./2./4./
@tebogomametja1426
@tebogomametja1426 3 жыл бұрын
@neal cassady Toko ya bomao
@edgargonzalez3864
@edgargonzalez3864 4 жыл бұрын
Where were these properties located??
@graceandrew7945
@graceandrew7945 4 жыл бұрын
The past few weeks have seen Bitcoin push higher and higher every few days, establishing higher low after higher high after higher low on the back of an influx of buying pressure. But, according to a number of crypto traders, BTC is preparing to see a correction as the charts signal caution.. One crypto trader recently remarked that despite Bitcoin rally, the chart of the crypto currency is currently looking somewhat precarious.. Not withstanding the current bearish state I still make a lot of money buying and trading Bitcoin thanks to signals I receive and implement from Jason McQueen if you’d like to make extra income during this pandemic he’s willing to assist with the best signals he can be reached on Instagram @Jason_real.fx , WhatsApp +1 (601)227-3847 for advice and enquiries
@Roman.7
@Roman.7 4 жыл бұрын
Awesome! That’s definitely my goal and I’m going to make it happen
@kaosperez213
@kaosperez213 3 жыл бұрын
Everyone that do these videos about rentals make it sound easy lol. Im 35 and i have my Small house paid off and have 3 rentals paid off my bussiness partner is my brother and let me tell you something flipping and renting properties is very hard And you really want to make money you nees to be willing to do atleast 70% of the labor yourself and thats how we make money weve been doing it for atleaat 10yrs and we also have our fulltime jobs. People be careful when you buu properties you could lose everything on a bad deal
@RealEstateIsLife
@RealEstateIsLife 4 жыл бұрын
2 units down, one closing this friday. I need to learn to keep my places and quit flipping them! 🤦‍♂️
@justinc2633
@justinc2633 4 жыл бұрын
here in canada you get completely fucked by taxes if you flip, gotta put at least one tenant in it, and even then we dont have 1031 so still a lot of taxes, america seems to have it figured out...might have to move
@RealEstateIsLife
@RealEstateIsLife 4 жыл бұрын
@@justinc2633 Come on down, man. I'll hook you up. 😅
@peterryanhouse
@peterryanhouse 3 жыл бұрын
How did you structure a deal with private money as a down payment and bank money for the rest? Does the private money have equity in the property or is it a loan like 5yrs?
@SterlingWhiteRealEstate
@SterlingWhiteRealEstate 3 жыл бұрын
6:16 "So why not do the same things over and over again and create a process around it." This is what makes real estate investing much easier over time.
@dlewis5566
@dlewis5566 Жыл бұрын
37 in 1.5 years is insane. We have 7 in 24 months and its a lot but I want more for sure!
@InStyle908
@InStyle908 Жыл бұрын
Did you use the BRRR method?
@DoodleOnAMotorcycle
@DoodleOnAMotorcycle 4 жыл бұрын
Ok does this Josh guy have his OWN KZbin channel for me to binge? K THANKS!
@NaughtyGooseGaming
@NaughtyGooseGaming 4 жыл бұрын
This video was full of fluff. Get money, create a repeatable system, network, start now. There I summarized it for you.
@1.5Koreans0.5American
@1.5Koreans0.5American 4 жыл бұрын
Cool content! Thank you for sharing 🙌
@jiggeplaya7182
@jiggeplaya7182 4 жыл бұрын
Give this guy props for not just laying around playing with a computer. I’m seconds away from chucking my computer out the window and I own rentals lol
@flisfinance5680
@flisfinance5680 4 жыл бұрын
Wow this is absolutely insane!!! So great to hear!!!
@melitariver5999
@melitariver5999 3 жыл бұрын
Thanks for the video and great information, I am new in trading bitcoin and it's a very nice thing, Do you know of a Bitcoin Expert who can guide me through trading and as well give a mentorship tutorial
@giegasopa4477
@giegasopa4477 3 жыл бұрын
The long term are doing well while the short term trade requires precision in its execution but gosh, they do amazing when you're on the right side
@ritaloveth2128
@ritaloveth2128 3 жыл бұрын
Trading is very profitable with the of a seasoned broker managing your trading account
@enilitagiray3841
@enilitagiray3841 3 жыл бұрын
I will introduce you to my broker expert Ms Bambi Alex
@hellenmaryann8485
@hellenmaryann8485 3 жыл бұрын
Even with the covid-19, i made my profit during the covid-19 pandemic investing with expert Bambi Alex I'm now on my way to financial freedom
@michaeljarvis5051
@michaeljarvis5051 3 жыл бұрын
Mrs Bambi Alex is legit and her methods works like magic I keep on earning every single week with her new strategy
@inutumubitaolafson3170
@inutumubitaolafson3170 4 жыл бұрын
How do we find mentors?
@jenniferbernnier1457
@jenniferbernnier1457 4 жыл бұрын
That’s exactly what I did, I have a portfolio manager that trades on my behalf with over 77% profitability rates per trade , i could give you their company mail and you could contact them too
@mahbtiu
@mahbtiu 4 жыл бұрын
6:25 I am impressed with this thinking!!!
@dominicp5220
@dominicp5220 4 жыл бұрын
Why even show a video like this if you’re not gonna do a numbers breakdown. This unfortunately didn’t help me much
@77devera
@77devera 4 жыл бұрын
Very impressive and inspirational. I wonder what's his starting capital? We just got our very first rental last year and want to close another SFH before the end of this year. I need to learn more about creative financing!
@beautydefined1601
@beautydefined1601 4 жыл бұрын
What was your starting capital on your first rental? Thanks in advance
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
@@beautydefined1601 I had 3k in my pocket. Just had to get someone to believe in me.
@Picwajzzz
@Picwajzzz 4 жыл бұрын
@Vanessa Johnson shit you already lost $10.000 a month between this comment and the one before
@AmiNunezGarver
@AmiNunezGarver 4 жыл бұрын
@@Picwajzzz 😂😂😂
@venkatnjn6354
@venkatnjn6354 Жыл бұрын
How do you do now with the current inflation?
@IsmaelDiazIAGoupeFinancier
@IsmaelDiazIAGoupeFinancier 4 жыл бұрын
Wow really impressive! Question for you ... how much cash did you have to invest at the beginning... and latter on after tour first investment.. how you get more money to finance your others projects?
@jamesford8072
@jamesford8072 4 жыл бұрын
Its so hard in NYC with a 613 credit score and only 60000. Its hard
@lilid5016
@lilid5016 2 жыл бұрын
im looking to go upstate and philly would that be better?
@lilid5016
@lilid5016 2 жыл бұрын
try fha loan it works for people like you
@lashonndacowell1475
@lashonndacowell1475 4 жыл бұрын
I am truly impressed with what he is saying.I actually started out earlier this year of 2020 on this real estate Adventure and with the 401 it's very tricky because I have it with a large rail Transportation agency and I have a large amount of money in there and I cannot use any of that money because the company that I work for have restrictions on what you can invest in so some 401k you have to figure out what they will allow you to invest in or take out just a little FYI.
@ronmas4839
@ronmas4839 4 жыл бұрын
just an FYI trump signed a bill for you to use your 401K up to 100k with no penalties YES!!!!!
@alexdeleon6933
@alexdeleon6933 Жыл бұрын
Realistically speaking how much do I need for 1 house for section 8 housing
@robertrich07
@robertrich07 4 жыл бұрын
Josh - I stared at a computer screen all day long. Me - *instant like*
@soufianeifrak1673
@soufianeifrak1673 3 жыл бұрын
Maaaaan. You’re an inspiration. Thanks for sharing.
@jonahpollone2788
@jonahpollone2788 4 жыл бұрын
This is awesome Alex!! Thanks for sharing
@DaddyDebt
@DaddyDebt 4 жыл бұрын
Nice video!
@lvteachme973
@lvteachme973 3 жыл бұрын
Thank you for a concise summary of starting and growing your business.
@diezeled
@diezeled 4 жыл бұрын
I didn't hear a word on cash flow. Are these properties so leveraged and now that some tenants are not paying rent due to covid, how are they looking? Not to be negative but alot people think $+150/month is cash flow, it is not.
@justinc2633
@justinc2633 4 жыл бұрын
he said in a comment he makes 350 in his pocket per door, also not sure what you meant by 150 a month isnt cashflow... if you had 300 doors making you 150 a month is it still nothing? i dont think you know what youre talking about
@souriasli3468
@souriasli3468 4 жыл бұрын
Hi BiggerPockets, I am 35 years old, I live in Syria and I am planning to move to the States to start investing in real estate. Which city is the best and most fertile to start in? Thank you in advance for your help
@zeus9527
@zeus9527 4 жыл бұрын
I live in Dallas, Texas and work in Mortgage Banking. The market is hot here and has been for many years, even during COVID, our volume is at record highs. Due to the Fed loosening monetary policy there is a lot of refinancing going on nationwide, however.
@souriasli3468
@souriasli3468 4 жыл бұрын
@@zeus9527 Hi X Bry, thank you for your reply. What do you think about Austin? I heard it's fast growing city and got some major companies like from California moving in. However, I wanna go to a diverse city like Dallas because I am not white and I don't wanna end up like George Floyd ... JK lol
@love2tobaby
@love2tobaby 4 жыл бұрын
Bp’s is amazing but you gave back by „Blabla bla a bit of bs motivation , 0% knlowedge on this video
@alexanderfelice
@alexanderfelice 4 жыл бұрын
There is LOTS of information on BP regarding financial education, I made this specifically to tell stories about people to offer something a bit different.
@commanderbensisko
@commanderbensisko 4 жыл бұрын
Thank you Josh
@user-pt1qx3gj9h
@user-pt1qx3gj9h 4 жыл бұрын
Can we get the numbers???
@williamlackey123
@williamlackey123 4 жыл бұрын
You know you got a good landlord when he pull up wearing yeezys
@neeloferkhan6033
@neeloferkhan6033 4 жыл бұрын
Great video Josh.
@TenzDenz
@TenzDenz 4 жыл бұрын
I'm 22 and I'm done living depended to parents. I want to become independent. Through real estate. And I'm afraid. And videos like this inspires me but still I don't take action. Sorry for the words .
@weareyourtest6029
@weareyourtest6029 4 жыл бұрын
i feel that going through the same thing
@-Lamboss-
@-Lamboss- 4 жыл бұрын
Which area is this? What does an average home cost there?
@darkodosen1025
@darkodosen1025 4 жыл бұрын
For the love of god, can people stop talking about mindset in investing videos. What if you want to learn how to lay down pipes, is 90% of the information gonna be about how you have to overcome your fear of pipes, or will there be a guy laying down f*kin pipes, explaining why he uses this material instead of that material and showing how to waterproof leaks and screw bolts? Edit: But no disrespect, happy for the owner if everything is working out for him and everything doesn't fall apart in a housing downturn.
@reignsryder8505
@reignsryder8505 4 жыл бұрын
Does BP have any videos to teach a newbie like me what to do or renovate a home once you’ve secured a contract on a property⁉️ because I really Feel lost and almost clueless on where to start
@alexanderfelice
@alexanderfelice 4 жыл бұрын
Yes! The overwhelming majority of BP is designed around education, this series is more about people.
@carlcuesta2157
@carlcuesta2157 4 жыл бұрын
Just started reading last week. Wow. Can’t wait to learn more and find the right deal
@recheveste31
@recheveste31 3 жыл бұрын
True. I am the same person as Alex. Im in IT and have no motivation at work however once i bought a few properties, my mood change. I became focus to gain passive income. Its addicting lol
@demohub
@demohub 4 жыл бұрын
You mentioned a mentor. WHo was that. Or how did you find a mentor?
@RealEstateInvestmentlatino
@RealEstateInvestmentlatino 4 жыл бұрын
In which city is that?
@centhiabrown4949
@centhiabrown4949 4 жыл бұрын
Raleigh, NC
@neicycarlasquire
@neicycarlasquire Жыл бұрын
Dag your music intro ..just got me wanting to listen to you... I love your beat I love your information.. Thank u
@davek7753
@davek7753 4 жыл бұрын
Why aren’t his places rented out? He’s showing a bunch of vacancies.
@iam3gion204
@iam3gion204 4 жыл бұрын
Disclaimer: I have no idea However it may be he only shows ones that dont intrude on peoples lives who are living there. Or alternatively the housing market is rough rn a lot of people arent able to pay rent and have moved out or stopped paying altogether.
@justinc2633
@justinc2633 4 жыл бұрын
he owns 37 rentals, all of which hes acquired in a year and a half... that should answer your question
@justinc2633
@justinc2633 4 жыл бұрын
@Vanessa Johnson scam
@misunderstoodkj
@misunderstoodkj 4 жыл бұрын
What kind of bank loan was this?
@lunchmoney3207
@lunchmoney3207 4 жыл бұрын
Hey I'm 27 low credit score about 17 k in debt trying to figure it out thinking about house hacking to get started but planning on getting my score up paying off my debt and saving some money then In my head I'll be ready hopefully it'll only take a year to be ready Any advice
@wonderland1452
@wonderland1452 4 жыл бұрын
Like you put the window shutters there. That make the building look prettier and may increase the rent. And keep the kitchen etc the same, smart move!
@sajaldwivedi3163
@sajaldwivedi3163 2 жыл бұрын
Did you use BRRRR strategy as a process
@JohnDoe-du1no
@JohnDoe-du1no 4 жыл бұрын
What u do if they all can't pay
@tyjameson7404
@tyjameson7404 4 жыл бұрын
Great vlog 🙌🏼This guy was very inspirational ❤️👍🏼👌💰I killed the 👍🏼Button for your cash flow 💵
@zipzap2322
@zipzap2322 4 жыл бұрын
6:00 Why does that door still have the sentry key lock? I thought you bought it already. During the remodeling time, which I assume about 1 month or less. Shouldn't the real estate agent taken that lock away?
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
That was the flip I did. I didnt want to do the interview in front of the tenants... seemed a little awkward
@myfavoriteplanet3247
@myfavoriteplanet3247 4 жыл бұрын
This sounds like an infomercial for BP.
@IdealWealthGrower
@IdealWealthGrower 4 жыл бұрын
Love that you had such a great experience finding and working with a mentor. I am mentoring people in the application of my system. It's a little different and not so much focused on as many units as possible, but the benefits of mentoring are obvious. Keep going. You will reach financial independence and soon have the freedom to live your best life with passion
@K5757-d9q
@K5757-d9q Жыл бұрын
Multifamily is just asking for a shitshow. It's almost guaranteed.
@rohan95dalal
@rohan95dalal 4 жыл бұрын
I love this format to learn elastic examples of REI
@icemanant3098
@icemanant3098 4 жыл бұрын
Really appreciate this video
@rentospropertymanagementso4895
@rentospropertymanagementso4895 4 жыл бұрын
Tips from experienced people always count. Thank you for the video shared.
@alain5487
@alain5487 4 жыл бұрын
Good stuff, Alex :)
@alexanderfelice
@alexanderfelice 4 жыл бұрын
Thanks boo 😘
@rennealexander8242
@rennealexander8242 4 жыл бұрын
Thank you for this video
@md-xb8hd
@md-xb8hd 4 жыл бұрын
how much does your second money lender charge you?
@Hurley2pt0
@Hurley2pt0 4 жыл бұрын
Good for you man! Awesome!
@davidb3155
@davidb3155 4 жыл бұрын
So you went from 35k in debt to owning 37 properties. The big question is is where did you get the money?
@avinashkhatri555
@avinashkhatri555 4 жыл бұрын
Wonder how is this guy paying the bank with these many units being vacant. Good Luck dude keep rocking! Hope you and whoever you took money from survive the covid era.
@williamlackey123
@williamlackey123 4 жыл бұрын
What’s the song on the intro?
@hgr1606
@hgr1606 4 жыл бұрын
before watching the video I was sleepy until I heard that intro music
@OmahaTonyG
@OmahaTonyG 4 жыл бұрын
Where are you located? City/State?
@skii2566
@skii2566 4 жыл бұрын
Description and video say 37 title says 27 *still very inspirational though*
@WatchfulHunter
@WatchfulHunter 2 жыл бұрын
I will vote for anyone who will ban all real estate investment firms from buying any residential home.
@johndavis5512
@johndavis5512 4 жыл бұрын
Just so everyone knows banks wont lend for a property that is not your PRIMARY residence. They made me feel like I was doing some dirty thing trying to buy an income property. They said a customer will default on there incomes properties first and pay there primary so thats that. I dont know if this is new or what cuz every guru always says just put percentage down ect. I'd bet all those who are making it now are hooked into private money and then doing REFI. However it seems banks would only do so many of those also. Thoughts?
@dvega5657
@dvega5657 4 жыл бұрын
Banks definitely lend on investment properties. You need to get a new bank
@johndavis5512
@johndavis5512 4 жыл бұрын
@@dvega5657 which bank does? Thanks
@jcal319
@jcal319 4 жыл бұрын
So is there a Part Two with quality content on how this was done besides "funding from FIL, and taking action"?
@silverlininghomesllc507
@silverlininghomesllc507 4 жыл бұрын
Message me on BP and I can tell you all about it if you want the details
@justinc2633
@justinc2633 4 жыл бұрын
@@silverlininghomesllc507 i wanna know how you convinced your FIL to risk his retirement while most FIL wouldnt risk wasting their saturday with their son in law haha
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