81 Rental Units at 21 by Doing What 99% of Investors Won’t

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BiggerPockets

BiggerPockets

Күн бұрын

Пікірлер: 1 200
@benjaminmagee9427
@benjaminmagee9427 3 жыл бұрын
From 18 - 22 years old, he was learning about how to make these deals happen. Makes me rethink how so many people spend their college years "learning" compared to the applied learning Cody did seeking out mentors, meeting folks to build relationships. Really impressed with the growth mindset he embraced.
@alp.9672
@alp.9672 3 жыл бұрын
Well everyone can’t be a landlord parasite, makes no sense in many many ways.
@tb1235
@tb1235 3 жыл бұрын
Most colleges teach students how to be activists. Not all, but most $100k educations are worthless.
@kimberlyurgilez365
@kimberlyurgilez365 2 жыл бұрын
College was the biggest waste of time and money of my life....the best thing about it was the Network created. Only 1 out 9 of us is using her degree. And this is the norm!!!Broke people teaching you how to be like them... Coaching is 1000% more valuable than college, the ROI alone, the time, results cannot even compared!
@alp.9672
@alp.9672 2 жыл бұрын
@@kimberlyurgilez365 Depends what you went to college for also, I know people who majored in journalism and communications who have good jobs. So no college is not a waste a degree isn’t a guarantee at all. Networking is a lot of it. Working crap job and moving up.
@kimberlyurgilez365
@kimberlyurgilez365 2 жыл бұрын
@@alp.9672 You are making my point. College is teaching lifestyle servitude ( the modern slavery) They teach enough you to make you go on the hamster wheel happy, the debt, the indoctrination, the keep your head down, scarcity mentality. They purposely do not teach finances and the medicine field is 150 yrs behind science on purpose bcuz treating is the motto of medicine not curing, it's part of their oath. The only way to be free is to do not plug in... To be a journalist today unless you go independent you have to sell you soul to big pharma that owns all the channels, like the people that get vax to keep their jobs. People give up their freedoms, for the illusion of security. Most people spend decades jumping from one degree to the other. So much debt. 90% quit. So many degrees taught there are not existing jobs for those fields anymore. The political agendas of the colleges. The brainwashing of the kids. So much time and life wasted and some feel they failed w/o realizing that's the point of the system.. I would be devastated if My kids wanted to go college, honestly..
@paulcastillo8144
@paulcastillo8144 3 жыл бұрын
Met Cody as a 52 year old real estate newbie and it changed everything for me. I’ve gone from being halfway through my third flip to partnering with Cody and currently owning or partnering on 40 doors. I’ve never met anybody so focused and driven to accomplishing their goals.
@LukeSalaiz
@LukeSalaiz 3 жыл бұрын
Man, that’s so cool. I was in the recent bigger pockets Boot Camp and my instructor Dion spoke very highly of Cody. I’m out here in the Tri-Cities and pretty sure he just bought something over here. Great episode, glad I tuned in.
@Clinetime4
@Clinetime4 3 жыл бұрын
So impressed
@neeloferkhan6423
@neeloferkhan6423 3 жыл бұрын
@@Multifamilystrategy How can I communicate ith u Cody
@homesteadoutpost6122
@homesteadoutpost6122 3 жыл бұрын
Great on you Paul for being the change you want to see in the world!
@MegaJak2
@MegaJak2 3 жыл бұрын
@@Multifamilystrategy Please, teach me Sensei 🙏🏽 viewing from the NW! Thanks,
@zokizoran
@zokizoran 3 жыл бұрын
This is one of the best REAL real estate podcasts I have watched. And trust me I have watched many! Great job on the host and co-host, very very well done. And Cody, you hit it out of the park with all the great answers and advice you have given. Well done.
@prodbygunter
@prodbygunter 3 жыл бұрын
Which ones have you watched?
@robertruschak7083
@robertruschak7083 2 жыл бұрын
Congrats to any individuals that achieve a lot of success in the NFL, MLB, real estate , seller financing, etc… Congrats if you achieve it by age 18, 21, etc………….. 👍🏾👍🏾👍🏾👍🏾 I am not aspired by the fantasy “rag to riches” …..Focus on my own “individual life growth”…
@jonesjermaine4387
@jonesjermaine4387 2 жыл бұрын
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
@Fknthor
@Fknthor Жыл бұрын
21:25 I truly believe this!!! I'm 16 and I reached out to a property developer not too far from where I live and she Fell in love with the idea of being a part of my journey so much so that she let me rent out her caravan and guided me through the process of advertising it writing up a lease and so forth I'm currently 1 month into our 12 month lease and am super blessed to have the opportunity to work with a developer who isn't in it for the money ( i keep 100% of the weekly rent which is 150 )
@katreecestone1286
@katreecestone1286 2 жыл бұрын
I’m a long time investor and appreciated the gems from this interview. This kid is wise beyond his years. Good synergy from the three of you guys as well!
@jonesjermaine4387
@jonesjermaine4387 2 жыл бұрын
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
@robertrichard1106
@robertrichard1106 Жыл бұрын
T
@jorge_cajamarca_rei
@jorge_cajamarca_rei 3 жыл бұрын
This is great. Starting so young is impressive. I'm not starting early but better now than never!!!
@IamWhiteTurtle
@IamWhiteTurtle 3 жыл бұрын
Haha yup. I am starting 15 years after this kid.
@Jay-qx8ms
@Jay-qx8ms Жыл бұрын
Closing my first multi family deal tomorrow... Scared shitless but i've done the research and ready to start my journey! SO much info in this episode. You gained a new subscriber today.
@6itcoin717
@6itcoin717 Жыл бұрын
How did it go bro
@Hangovna
@Hangovna 2 жыл бұрын
That young man has a lot of integrity in doing business and it's really refreshing to see. Great interview.
@divaprettyakakapequeen9438
@divaprettyakakapequeen9438 2 жыл бұрын
Very insightful interview. Cody is wise beyond his age and more so being an acrobat person explains why he’s not afraid to take risks. Such a brilliant young man.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you
@KKLTTL
@KKLTTL 2 жыл бұрын
Cody is full of wisdom, truth & transparency probably why he is so successful sticking to his personal values and great character
@englandhall9652
@englandhall9652 3 жыл бұрын
I definitely salute him on his success but he definitely got blessed. 99% of the time when someone needs funding there is a minimum credit score, track record, or collateral needed. Unless you have a rich friend or something to just front it. That is very rare, especially for a small apartment complex. You are a blessed man.
@mikebevan1034
@mikebevan1034 3 жыл бұрын
2-4 apartments- you can get an FHA loan with only 3% down. You just live in one and rent out the other(s). The best part is you can claim 75% of the expected rental income for the property as your income to help qualify for a larger loan. If you have a four unit complex that rents $1,000 per unit. Live in one. The other three gross $3,000. You can claim 75% on FHA loan which is $2,250 a month towards qualifying towards your loan. You can live rent/mortgage free and maybe put a little extra coin in your pocket all while building wealth. Sure you need some up front capital but it's not as hard as people think.
@evanspiteri3576
@evanspiteri3576 3 жыл бұрын
@@mikebevan1034 Yes but qualifying for an FHA loan is not as easy as everyone makes it out to seem. You need great credit, a good income, and a long job history
@mikebevan1034
@mikebevan1034 3 жыл бұрын
@@evanspiteri3576 You need two years of decent job history verified through W2. If you're fresh out of college and just landed a job, your college time counts as job history and your band new salary can be enough to qualify. Credit wise you just have to be in the 600s.Don't live above your means and good credit will come. Work some extra hours to earn some extra money. Trust me. I've been there. Just purchased my first duplex this month actually. You can do it too.
@MrDavidrealtor
@MrDavidrealtor 3 жыл бұрын
@@mikebevan1034 agreed this is a great way to start unless you got a great deals with a lot of equity knowledge investors out there like myself finance could 100% for a flip. I did it with my mentee Eric Mhoon and we split 50/50
@deairascott8189
@deairascott8189 3 жыл бұрын
He is definitely blessed because he didn't do it because of greed it was his family that motivated him.
@markallmanjr.211
@markallmanjr.211 3 жыл бұрын
This is crazy cool. Just recently turned 19 and planned to get my first small multi family next year, but Cody’s inspired me to try for this year.
@brandonlifefamily8331
@brandonlifefamily8331 3 жыл бұрын
@@Multifamilystrategy way to go dude.
@ryanthepianoman27
@ryanthepianoman27 2 жыл бұрын
@@Multifamilystrategy how do you do that?
@jonesjermaine4387
@jonesjermaine4387 2 жыл бұрын
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
@ryanwilliams989
@ryanwilliams989 Жыл бұрын
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
@StellaMaris-lv2uq
@StellaMaris-lv2uq Жыл бұрын
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@maryHenokNft
@maryHenokNft Жыл бұрын
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
@maryHenokNft
@maryHenokNft Жыл бұрын
Sure, the Financial advisor that guides me is *Camille Alicia Garcia* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@BiancaSherly-qt6sb
@BiancaSherly-qt6sb Жыл бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
@mariemelendez917
@mariemelendez917 2 жыл бұрын
Cody is to wise for his years. Totally amazing kid. What I like most about him is that he cares about people, not just profits.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you😊
@tarheel181
@tarheel181 3 жыл бұрын
I got my MBA from a Top 20 Program and this kid is smarter than 95% of those students. The point about 12% interest is spot on regarding opportunity cost and is actually quite reasonable when you consider there is no equity in the deal! Cody's strategy might not be for everyone if there is a decline or extensive repairs (three HVAC condensers go out), he does not have much buffer. Then again, every month that goes by, he builds some cash flow and is accreting real equity every day / night!
@raphaelverde4571
@raphaelverde4571 Жыл бұрын
your spelling really speaks to that ''Top 20 MBA program''..the way u were able to judge the kids' iq being higher than the MBA students is a skill too..
@tarheel181
@tarheel181 Жыл бұрын
@@raphaelverde4571 Kid will be able to retire after 28 if he wants!
@ExxonMobilCompany
@ExxonMobilCompany Жыл бұрын
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
@susanneowens7616
@susanneowens7616 3 жыл бұрын
Love, love love Henry as a cohost!!! His original episode is the only episode I have watched 4 times !!!! Love his laugh and he didn’t just sit there as a fly on the wall without valuable insight!! Henry brings it! Loved everything about Cody and wow he’s a great son and inspiration!!!
@harrydhaliwal2461
@harrydhaliwal2461 2 жыл бұрын
This guy's cody has a lot of maturities as compared to his age, as I'm 20 now and my head is exploding after listening to this podcast that I have to foot down on the battlefield NOW! As a person with same age, he got millions of dollars of real estate under contract (not jealous, just a drive to push me)
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you Harry!
@nara5688
@nara5688 2 жыл бұрын
I've learned more from this episode than the realestate courses I took eons ago. Literally the books are on my shelf collecting dust. . Thank you for the rekindled spark of interest.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thanks!
@TheWestAspen
@TheWestAspen 3 жыл бұрын
Mature far beyond his years! Communities need people like Cody!
@charlier6628
@charlier6628 3 жыл бұрын
So glad I can call this guy my mentor 🙏🏽 Cody deserves all of this recognition. True inspiration
@anthonyhermes3593
@anthonyhermes3593 3 жыл бұрын
Ikr! Great seeing him on bigger pockets 😆
@naureenkhashwji8039
@naureenkhashwji8039 2 жыл бұрын
How do we find a mentor?
@jackiesicilian5720
@jackiesicilian5720 2 жыл бұрын
@@naureenkhashwji8039 I need one, all these online guru's waste your time watching hours of video to suck you dry with theirs crazy high fees, why not just take a cut of your deals?? Makes no sense.
@jarrettssorensen
@jarrettssorensen 2 жыл бұрын
So many people have such a short attention span because of tiktok and other similar platforms. I'm so glad I took the time to watch this whole video! It was so valuable and I love the story and the message that you brought to light! Thank you for sharing!
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you!
@Natalieneptune469
@Natalieneptune469 2 жыл бұрын
Asking a real estate broker if it’s time to buy is like asking an alcoholic it was time for a drink.
@marianparker7502
@marianparker7502 2 жыл бұрын
Not every single one Yolanda, but there is a lot of truth in it. I've been in the business for 22 years and when they ask me that, I say it depends on YOU and I walk them through it. If they have job stability, it's a long term play, and it's comfortable financially, then perhaps yes. If not, I will advise that maybe they should wait or rent.
@Robertgriffinne
@Robertgriffinne 2 жыл бұрын
@@marianparker7502 As buyers, we should boycott and stay away from properties that owns by investors, flippers, Zillow, Redfin, opendoor, blackrock, and many of them inflated this housing market. We should all ignore the housing market in the next year and send a message to those bastards!
@PhilipMurray251
@PhilipMurray251 2 жыл бұрын
@@Robertgriffinne The inflated housing market was created by regulation. People have clamored for regulation to "protect their investment" for decades now. This is the effect. You have two choices. Demand deregulation, or live with it!
@chunckyfreshnut
@chunckyfreshnut 2 жыл бұрын
So true. The agent needs your commission
@eheheh3263
@eheheh3263 2 жыл бұрын
@@PhilipMurray251 I watched a video yesterday about this in California and how houses are so expensive there because of supply and demand and how regulations are what stopping the construction of new and more homes...
@darnellcapriccioso
@darnellcapriccioso Жыл бұрын
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@maiadazz
@maiadazz Жыл бұрын
@Craig Daniels yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@richardhudson1243
@richardhudson1243 Жыл бұрын
@@tatianastarcic True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@perjian1697
@perjian1697 Жыл бұрын
Rent never goes down. So in that perspective buyer demand is irrelevant. Buy to rent, not to own. It's an asset you can always sell. Stop having a short sighted picture.
@wreched075
@wreched075 3 жыл бұрын
OMG, this is so inspiring man. Great job to the new host and co host, I just recently got into investing and I always found myself on bigger pockets podcasts. Listened in on in when David took the reigns and Brandon going on to bigger pastures. I think this is your first guest and let me just say this was an awesome start!! I am in ahh on your focus Cody, wished when I turned 19 focused on the bigger picture rather than focusing on how long it would take to get to a legal drinking age!! Better late than never I say, your story and approach is amazing especially because I am an extrovert and love building relationships but never to have thought to execute "talking shop" with a multi unit owner vs "hey im an investor want to sell". You are definitely living proof that you dont need money in order to invest, you just have to want it bad enough that you'll find creative ways in order to get the funding that is needed to get the deal. Hats off to you! Great job to host and co host, looking forward to more shows like this. Now ill "smash" the like and subscribe!
@anissagodina
@anissagodina 3 жыл бұрын
Okay
@exploringdechutes
@exploringdechutes Жыл бұрын
Thankyou so much for all this info !! This helps so much! I have been a contractor since I’ve been 18 have done basically everything interior wise I’m going to use what you did and build my empire. I am unable to buy a house currently I have a great job, but I am unable to get a loan because I’m 25 so thank you so much. This is definitely awesome!
@Dan.Ko86
@Dan.Ko86 2 жыл бұрын
I am 35 years old I've been investing for the last 9 years I'd like to think I'm fairly savvy although I know there's still plenty I'm unaware of I'm 8 minutes and 20 seconds into this video with this 21-year-old kid and I just learned something already. Thank you!
@Dan.Ko86
@Dan.Ko86 2 жыл бұрын
@@Multifamilystrategy thank you
@iamkeithandrews
@iamkeithandrews 8 ай бұрын
Just had Cody on my podcast. He’s 24 now and owns over 200 units. Age ain’t nothing but a number! This kid continues to crush it!
@doingcodythingsyoutube
@doingcodythingsyoutube 5 ай бұрын
😎
@chercha9441
@chercha9441 3 жыл бұрын
Very impressive, I’m very surprised by the number of negative comments on this episode. If you don’t catch the free lessons from this episode then you’re listening to criticize. Congrats on your success and thanks for a great episode. There’s so many golden nuggets in here. Why can’t we be happy and celebrate other people’s success and find motivation in their success?
@motivationchannel5686
@motivationchannel5686 2 жыл бұрын
Because it's BS. It's not true.
@ilynramos3161
@ilynramos3161 Жыл бұрын
Such an inspiration. I showed the video to my 10 yr old child. Cody is such an inspiration
@Multifamilystrategy
@Multifamilystrategy Жыл бұрын
Thank you!
@yuriypono3666
@yuriypono3666 3 жыл бұрын
Everyone let’s take a moment to welcome the new permanent host Henry!
@msfayemoney4314
@msfayemoney4314 Жыл бұрын
I loveee this kid!!! Cant wait to see where he is in 20 years!!! Great video guys!!
@Multifamilystrategy
@Multifamilystrategy Жыл бұрын
Thanks!
@ecomediacompass
@ecomediacompass 3 жыл бұрын
This kid is so wise- really is in and does things for the right reasons.
@joshsias2538
@joshsias2538 2 жыл бұрын
I’m also 21 years old & I’ve been working doing Multifamily doing Due Diligence since 19 after I graduated so I totally get where you’re coming from. I’ve invested as a passive investor in 1 deal in Houston w/ my mentor but looking into owning or partnering & buying a complex myself. I definitely recommend anyone looking into getting into realestate as soon they can. Watch this meeting SO much valuable information! I love how our generation is being more exposed to the multi-family space. Congrats Cody for all the things you’ve accomplished so far & can’t wait to hear more.
@franco30528
@franco30528 2 жыл бұрын
I’m in Houston too, do you mind sharing any insights? I’m thinking about getting a condo with my new corporation, I got a good amount for a down payment
@AlfieinMontana
@AlfieinMontana 3 жыл бұрын
Wow this is really inspiring. One of my favorite episodes for sure. And Henry is a great host. I hope to see him on more in the future.
@robertgray320
@robertgray320 2 жыл бұрын
I'm impressed by the young man, so focused at such a young age. I'm pretty sure life circumstances within his family keep him this driven, but I love it. I learned some good information from listening to him.
@jillyanmacmorris5176
@jillyanmacmorris5176 3 жыл бұрын
WE WANT MORE HENRY! You two have a great dynamic and his organic reflections rock.
@vad637
@vad637 3 жыл бұрын
Rarely listen to long form videos like this, especially podcasts but this one got me hooked throughout! Thanks guys!
@mpglaze1
@mpglaze1 3 жыл бұрын
This is one of the most informative real estate videos that I've seen. Thanks for sharing this story.
@Ambassadorforchrist10181
@Ambassadorforchrist10181 3 жыл бұрын
This is a treasure David! Thank you David and Henry for bringing this young man on. He is a phenomenal Being! The knowledge he possesses is awesome and his reason for doing this is so heart felt!
@grahamroberto6578
@grahamroberto6578 2 жыл бұрын
When you invest you're buying a day you don't have to work
@kelvinpeter8640
@kelvinpeter8640 2 жыл бұрын
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
@kelvinpeter8640
@kelvinpeter8640 2 жыл бұрын
I'm new to Bitcoin trading, how do I get started with the help of a professional?
@kelvinpeter8640
@kelvinpeter8640 2 жыл бұрын
Any specific guide?
@kelvinpeter8640
@kelvinpeter8640 2 жыл бұрын
@Anderson Sarah thank you, I will write her immediately
@christopherhobb7702
@christopherhobb7702 2 жыл бұрын
Wow, I'm surprised someone mentioned Mrs Catherine of UCLA Anderson financial institute
@lesismore2019
@lesismore2019 3 жыл бұрын
I've been in property maintenance for 20+yrs. I have been wanting to get into property ownership for so long. Thanks for all the info y'all give.
@realestateinvestingtips
@realestateinvestingtips Жыл бұрын
Wow, this episode of the Bigger Pockets podcast with Cody Davis is really inspiring! I completely agree with David's point about sticking to your goals and not justifying buying something off-brand because it worked for someone else. Your story is worth more than any asset you could buy. Cody's success at such a young age is truly remarkable, and I love his approach to life and business. His commitment to only buying deals that support him and his mom once they're paid off is really admirable. And the concept of relationship marketing that Henry mentioned is definitely something I want to learn more about. Thanks for sharing this awesome episode!
@Multifamilystrategy
@Multifamilystrategy Жыл бұрын
Thanks
@joeynelson1468
@joeynelson1468 3 жыл бұрын
To all of you doubters/haters in the comments. I spoke with Cody and he is wise and mature beyond his years, extremely knowledgeable and it didn’t take long at all to see why he has had the success that he has at such a young age! His genuine care for others really shines through. So to all the haters mind your own business!! If you want to have his level of success you first need to learn to genuinely care about others as much as he does. Cody is succeeding and he is doing it the right way!!
@MrDavidrealtor
@MrDavidrealtor 3 жыл бұрын
Congratulations to Cody. I am so proud to see someone able to success it in real estate. I had mentor and coach many people until multi-million. My nephew 18 when he start after 10 years he got over 10 and other retire from owning over 45 properties now
@mariannemiller-realtor6881
@mariannemiller-realtor6881 3 жыл бұрын
Amazing podcast...I am 62..just attempting to get my 1st deal..So wish I would have had the knowledge and drive at 18 years old..Heck I think I was still struggling with how to tie my shoes...I LOVE the BP podcasts...They excite me!!
@unbreakablerogue
@unbreakablerogue 3 жыл бұрын
Do it my friend !!! Am 48 and the deal is done ! Am about to get my deal soon ! Strategies and systems in place !! The key is having the sense of urgency and just do the deal ! I did a Comertial deal a few years ago ! No experience, crashed and burned ! But I learned !! Now 6 years later the war is on :) good luck !!! I did subscribe to your channel !!! Let’s go !!!!! :)
@MrDavidrealtor
@MrDavidrealtor 3 жыл бұрын
Go for it. I start at 24 and I end up become a real estate agent to help other and help myself. I know no one out there could help me at 1am or 3am if I can not sleep and looking for deals in MLS. Never to late to start if you got deal and need partner or quick private loan maybe I could help
@alp.9672
@alp.9672 3 жыл бұрын
62? Whose pic are you using?
@micaonyx5301
@micaonyx5301 2 жыл бұрын
@@unbreakablerogue well the market will be ripe for the picking, so I say wait to buy because everything will be for sale soon. I told my friends this doing the crash of 2008. They didn't listen, they lost their shirts, I sold before the crash and cleaned up after the crash. Sadly we're in a recession weather it's being called that or not and the housing market is headed for a crash.
@brodytrainor7153
@brodytrainor7153 3 жыл бұрын
Great podcast!! Love how Cody would circle back to his values and goals to guide the decisions he was making with his business and partners. Also, Henry killed it as co-host of the podcast!
@MrAhoelzel
@MrAhoelzel 3 жыл бұрын
This was a fun one. I'm 45. Still good stuff for me, but DEFINITELY something I will share with the younger crop of investors.
@MrAhoelzel
@MrAhoelzel 3 жыл бұрын
@@Multifamilystrategy Cody, as it relates to the private financing terms you like to set up for the down payments you mentioned on this podcast, do you mind sharing the specific loan terms which are structured for you and the investors and which you pay on before you cash them out after the rents are raised? P.S. I just subbed yourtube channel and I'll make sure to share it around in some groups to which I belong.
@skinnyguygains2459
@skinnyguygains2459 2 жыл бұрын
that seller finance was great. The terms totally worked in his favor. Awesome work man. Creative financing is one hell of a tool
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you!
@MsOnitemi
@MsOnitemi 3 жыл бұрын
Henry is a great co-host! Love his voice and his perspectives.
@dallasmove537
@dallasmove537 2 жыл бұрын
This was honestly super inspirational. My take-away was if you want to do it, DO IT. Wow. Thank you for this video.
@samuelyalley6635
@samuelyalley6635 2 жыл бұрын
Great content. Very inspiring. You are doing a great job; what shines brightest is your heart. I wish you nothing by but success in all your endeavors.
@jns1930
@jns1930 2 жыл бұрын
Excellent story Cody! You have just encouraged me to keep on keeping on in my first rental property! 😀 Keep up the great work BiggerPockets!!!
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you!
@aydennreda
@aydennreda 3 жыл бұрын
Wow this is so inspiring. I am 22 and currently in school to get my real estate license. I currently work at a photo studio and make about $14 an hour, and honestly I didn’t think it was possible at all to ever get into Real estate unless I had a huge amount of money saved. I guess my fear has been holding me back, shout out to this dude for his bravery and tenacity I’m going to work to get my first property this year
@B_MAN_707
@B_MAN_707 3 жыл бұрын
Cool, cant wait to listen to this and do the same.
@awesomevedios3141
@awesomevedios3141 3 жыл бұрын
Aydenreda no jobs here to earn and invest in pakistan🤤
@aydennreda
@aydennreda 3 жыл бұрын
@@awesomevedios3141 the internet
@awesomevedios3141
@awesomevedios3141 3 жыл бұрын
@@aydennreda what work should i do on the internet?
@itsDjjayyArt
@itsDjjayyArt 3 жыл бұрын
@@awesomevedios3141 Cyber security
@ClaudfortruthandGod
@ClaudfortruthandGod Жыл бұрын
Kudos to Cody's parents for raising a brilliant young man!! Such an inspiring story!
@Multifamilystrategy
@Multifamilystrategy Жыл бұрын
Thanks!
@gavinkent366
@gavinkent366 3 жыл бұрын
I am 18 and plan to buy a duplex this year, this show is really gonna help me out. Appreciate it.
@christianosgood273
@christianosgood273 3 жыл бұрын
Love this Gavin! Make it happen
@Wendel_Kos
@Wendel_Kos 2 жыл бұрын
This is such a beautiful example, so watch and learn kids...in the end it all about education. He learnt so much from working as an agent, and from beeing around agents. You become who you hang around with. Not just what you study in school, or watch on KZbin, but real action.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
💪🏻
@dpimprovements9905
@dpimprovements9905 2 жыл бұрын
Thank you guys so much. First time on this channel and can't even describe the doors that just opened in my mind. Lately I have been focusing on asking myself the right questions and this guest just helped point me in the right direction. Super grateful!
@rillyjo5810
@rillyjo5810 2 жыл бұрын
right time and right place too. not going to find too many people who will do a deal like he found with the washington property. good job man
@paigem.3714
@paigem.3714 3 жыл бұрын
So impressed and proud of you Cody! I honestly didn’t know investing in real- estate at 18-22yr old was possible. Thanks for sharing your experience
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
I am grateful BP allowed me to come on and share the story!
@saifulsohag6278
@saifulsohag6278 3 жыл бұрын
What a guy cody is!!!!!! Really inspiring he is gonna be very successful best wishes for him. Can’t wait to get started in real estate 🏡
@dreamofmine
@dreamofmine 2 жыл бұрын
I love that he's considering his mom in all this.
@antlerup
@antlerup 2 жыл бұрын
This was very inspirational and informative, if this doesn't make you want to dive into rental properties, I don't know what will...
@skylerschumacher3750
@skylerschumacher3750 3 жыл бұрын
Cody - Awesome to see you take action and make so much progress quickly. Washington is a crazy market and your strategy shows that even the most difficult markets can work. I currently work in Moses Lake and I wanted to buy property here, but I can’t because of my contract with my employer. I was excited to hear you call out Moses Lake when I was watching the video. A lot of potential here. I ended up purchasing out of state. Just purchased a single family and short term rental in Florida. Keep the integrity in what you do because it surely fuels what you have going!
@skylerschumacher3750
@skylerschumacher3750 3 жыл бұрын
@@Multifamilystrategy If I wasn’t getting over COVID I would have love to meet today. Let’s try to meet up on your next visit to Moses Lake. I’m going to be here for work for a while so we have more opportunities if that works for you? Sorry I couldn’t make today work. Not worth getting you sick!
@DignifiedBeginnnings
@DignifiedBeginnnings 3 жыл бұрын
Awesome podcast gentlemen! Keep up the great work! More people need stories like this to understand it can be done; If there is a will there is a way!
@jonesjermaine4387
@jonesjermaine4387 2 жыл бұрын
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
@lovelovelove5744
@lovelovelove5744 2 жыл бұрын
Determination. He kept driving 3 hours one way to build a relationship with a seller. You have to have it. Excellent.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thanks!
@lovelovelove5744
@lovelovelove5744 2 жыл бұрын
@@Multifamilystrategy Thank you very much.
@trendingshowclips
@trendingshowclips 3 жыл бұрын
Cody is a legend! Just interviewed him a few weeks ago
@livelovehope4456
@livelovehope4456 3 жыл бұрын
Wow! Keep doing what you're doing! Amazing for just 22. Stay blessed and thank you for sharing!
@ameliacurtis2869
@ameliacurtis2869 3 жыл бұрын
Awesome interview! I really enjoyed this one because I had to use owner financing to get my own home and I'm having to use non-traditional financing to buy deals in the near future as well. Really awesome to see someone around my age succeeding in real estate, sometimes it gets lonely being on a different path at 23 😅
@TheBadGuy69
@TheBadGuy69 2 жыл бұрын
How do you entice sellers to finance you?
@jonesjermaine4387
@jonesjermaine4387 2 жыл бұрын
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
@abdinoorx2
@abdinoorx2 2 жыл бұрын
Those first 30secs resonated with me so hard cause anything i've done other people's way doesn't work out for me but when I do it my way, even if it takes longer, in the beginning, I get better results than my competition
@yooniecho6394
@yooniecho6394 3 жыл бұрын
What an inspiration he is. He has the right value system down.
@LoicGottwalles
@LoicGottwalles 2 жыл бұрын
Awesome episode, as an 18-year-old boy, this definitely brought value to my perspectives. Thank you so much 🙏
@jacobrzewnicki1832
@jacobrzewnicki1832 2 жыл бұрын
Really like Henry's energy! He's a great host 🙌🏼
@TheMubby
@TheMubby 2 жыл бұрын
This is probably best video I have seen on purchasing large real estate investments. Excellent job
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thanks
@Thrivinglife3835
@Thrivinglife3835 3 жыл бұрын
Wow! Cody, You’re heart is in the right place. Good to know that you’re doing do these because it is not only for yourself, family and also for other people… God bless you more… keep inspiring and encouraging others….
@parishope444
@parishope444 Жыл бұрын
Love , love , love God being acknowledged in your podcasts.
@2short1968
@2short1968 3 жыл бұрын
Just subscribed...I randomly ran into your channel and thank God for that. I am a veteran who wants to invest using my VA loan. Great to see such a young man like Cody be an example for all ages in living "The American Dream 🇺🇲" #truschoolsports
@adventures223
@adventures223 2 жыл бұрын
Wow this is cool to see someone this young on a path to success hes doing it like no other great strategies hes using this is a amazing story and great tips your a real estate rock star keep it up i wish you the best of success
@kkomzz6144
@kkomzz6144 3 жыл бұрын
I’m 19 and about to start my first house hack in the Bay Area, very excited. Also an agent so I’ll be representing myself 😼
@hygrometer
@hygrometer 3 жыл бұрын
have fun with roommates
@user-kf3vu8ud7s
@user-kf3vu8ud7s 3 жыл бұрын
@@hygrometer duplex? what roommate
@awesomevedios3141
@awesomevedios3141 3 жыл бұрын
I really want ur guidence im 18 how do i become real estate agent??
@kkomzz6144
@kkomzz6144 3 жыл бұрын
4 bedroom rent 3 rooms to a fam keep one lolll, all about running numbers and willing to make some sacrifices
@gd6576
@gd6576 2 жыл бұрын
I wasn't a subscriber. And the kid has a bit to learn. But omg, has he learned so much already! Inspiring. Thank you!
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Still have a long way to go!
@Pennychaser1
@Pennychaser1 3 жыл бұрын
The guy has some ball. Congrats on the success. I would never invest in WA which very hostile towards landlords.
@priyangshudas6285
@priyangshudas6285 3 жыл бұрын
He's just so polite and humble. Love this interview 😍😃
@chinelojoy3908
@chinelojoy3908 2 жыл бұрын
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance
@LuisAfonso875
@LuisAfonso875 2 жыл бұрын
I'm so happy ☺️ my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days
@ejikpesejustine5014
@ejikpesejustine5014 2 жыл бұрын
Same here, I made $12,400 profits on investing since I started trading with Mrs Alice foster his trading strategies are too notch am winning consistently trading with Mrs Alice foster . He is really the best broker I've made a lot of profit investing with her
@tamunoallaputa4769
@tamunoallaputa4769 2 жыл бұрын
I heard a lot of investing with Mrs Alice foster and how good she is, please how safe are the profit?
@hopealice8431
@hopealice8431 2 жыл бұрын
you can contact her via WhatsApp 👇👇
@hopealice8431
@hopealice8431 2 жыл бұрын
➕♕1♕5♕0♕5♕4♕5♕6♕4♕0♕4♕2 Link up with her and remember to share experiences with others
@exiebrewington6970
@exiebrewington6970 2 жыл бұрын
I love that! "Maybe God wants me to work through this problem! "@9:22 That is exactly how you achieve success. Problems will always arise. What makes the difference between successful investors and unsuccessful ones will be their attitude towards rising higher than the problem.
@BT-jt1dj
@BT-jt1dj 3 жыл бұрын
Keep this guy as co host! Great interview.
@mebernal14
@mebernal14 2 жыл бұрын
Hands down the best interview on this successful millioner.. Cody! or soon to be millioner..Love his Great around views business and life.. ! Loved the interview process guys! Wishing you all the very best and yearning to learn more!
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you!! Really appreciate it
@soulofmen2000
@soulofmen2000 3 жыл бұрын
I love what you guys are doing. Especially your new co host is great.
@chris4045
@chris4045 3 жыл бұрын
Bring Nasar (real estate Doru) back. This co-host is terrible, doesn't provide any insight to the deal analyze. Just agree with EVERYTHING, only Dave is asking the tough questions.
@TheBlueskyson
@TheBlueskyson 2 жыл бұрын
Dave's kinda like a cross between Bruce Willis and Brad Pitt. Where have i been to miss you guys?! Such a great convo and great, relevant questions that the audience is asking. Henry and Dave a match made in heaven. Cody should be running America. thx 4 the interview boys.
@dylanroberts93
@dylanroberts93 2 жыл бұрын
Damn I wish I would’ve started at 21 I’m 29 I turn 30 in march. I invest in stocks already but want to get my first piece of real estate soon. LFG!!
@miguelrodriguez-pe1ss
@miguelrodriguez-pe1ss 2 жыл бұрын
Youre still young man!
@dylanroberts93
@dylanroberts93 2 жыл бұрын
@@miguelrodriguez-pe1ss thank you
@calebmeyer6253
@calebmeyer6253 2 жыл бұрын
Let's go baby!!! You got it. Still way young
@dylanroberts93
@dylanroberts93 2 жыл бұрын
@@calebmeyer6253 HELL YEAH. Thank you really appreciate it
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Make it happen captain!
@sreehill
@sreehill 3 жыл бұрын
Cody, awesome interview! David, I just checked out the "rent estimator" (as per your quick tip) and it's super helpful, thank you so much!!!
@Diwas936
@Diwas936 3 жыл бұрын
You are such a smart, inspiration and humble person Codey! Great job and congratulation to all your success. I'm new to real estate and never hear about seller finances. We always hear about private investor, hard money, bank etc. What is seller finance and how does it work?
@nivlakhera9
@nivlakhera9 2 жыл бұрын
How much wisdom he has ♥️ keep shining , love bigger pockets thanks for all that you are offering to the world 🌎
@kevinmcgee3292
@kevinmcgee3292 2 жыл бұрын
His hustle is great!!!! I love his “can do “ story. I started wholesaling 5 yrs ago with $0, After being released from my 13th yr in Federal Prison. 50 deals and millions in transactions later now thanks to Bigger Pockets and You tube University!!! If I can do it anybody can.👍🏽💯
@jeremiah8716
@jeremiah8716 2 жыл бұрын
Inspiring story
@DungeonAesthetics
@DungeonAesthetics 2 жыл бұрын
Just started my business Monday, 5 years myself buddy, stateside, I'm gonna catch you
@MotoM0nk
@MotoM0nk 2 жыл бұрын
Kudos to this young but wise man. Subscribed to Cody and Christian youtube channel - first minute of watching - its really good and helpful
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thanks :)
@thematthewkimball
@thematthewkimball 3 жыл бұрын
Thanks for the interview. Lots of things I'm curious about, but certainly a great start for someone so young to get in there and actually make it happen. Most people never get beyond talking. I feel the risk in these deals is more then most people should ever consider taking. I would not be comfortable being that leveraged and literally not having any reserves to fall on, but Cody's action and desire to learn, grow and build is certainly commendable. Still wondering what he did to pay off the original two down payment loans for $250k that he said were at 12% and had to be extended. I know the properties were cash flowing, but only small amounts compared to the debt. In order to keep growing I would expect that these would have needed to be satisfied?
@jdicari9534
@jdicari9534 3 жыл бұрын
yeah its like those things only happen in the movies
@PeacewithShanti
@PeacewithShanti 2 жыл бұрын
Hi Matthew if you haven't seen the video "How the Rich use Debt and taxes to get richer-Robert Kiyosaki" take a look, it may help with understanding the answer to your question. Hope it helps
@michaelk969
@michaelk969 2 жыл бұрын
I was thinking the same thing about leverage. The kid has a lot of wisdom for his age but life can throw a lot of curve balls to an investor waiting to build equity in a highly leveraged deal. It could end really badly if something goes wrong (out of your control) at the wrong time. I thought the title was a bit sensationalistic and the cardinal sin which is often the downfall of investors is being overleveraged and being hit with a disaster.
@jerelrobinson5939
@jerelrobinson5939 2 жыл бұрын
Great Listen! Love that young Man’s mindset.
@Multifamilystrategy
@Multifamilystrategy 2 жыл бұрын
Thank you! :)
@allisonbishop
@allisonbishop Жыл бұрын
Question: how is investing in real estate helping anyone but the landlord? Isn't there such tough competition for first-time home buyers to get into real estate precisely *because* of investors who keep eating up all the properties? Genuinely want to understand how people think this is anything but selfish greed.
@daversity6033
@daversity6033 Жыл бұрын
This one finally got me to subscribe! I’m a new investor and a lot of ideas in this one I’ve had myself and wondered if I was thinking reasonably
@crashpixley
@crashpixley 3 жыл бұрын
People get so hung up on little things that are not permanent and not that important. I’ve always said “if the numbers work, then who cares about the rest”. Like with his story, if you’re positive cash flow $1000/month, then why does the interest matter?
@hygrometer
@hygrometer 3 жыл бұрын
what happens is you get hosed.............
@danieltllarson
@danieltllarson 2 жыл бұрын
$1000/mo return is nothing on a million dollar 12 unit property. Please tell me he has maintenance and prop management built into his expenses. If not, this kid is basically the property manager but is also paying for all the maintenance too. He’s only making $83/mo per unit!!!
@Rccrdawgs
@Rccrdawgs 2 жыл бұрын
Next virus that comes along , shut downs, rents delayed.....how's that going to work out? Financial lender will like his check on time no matter what. Risk of this property going back to seller is extreme
@flygirlhomestaging
@flygirlhomestaging 2 жыл бұрын
One of my most favorite episodes!! ALL of you are impressive and inspiring!
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