I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
@HildaBennet4 ай бұрын
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
@PennyBergeron-os4ch4 ай бұрын
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@JosephineKenney4 ай бұрын
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
@PennyBergeron-os4ch4 ай бұрын
Google Sonya Lee Mitchell and follow her directions.
@JosephineKenney4 ай бұрын
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
@carmelolocasto1 Жыл бұрын
That's amazing how you built a real estate empire . We need more content like this on KZbin
@ThachNguyen Жыл бұрын
Thank you and glad you like it. More to come bro 🔥🙏
@themateo5233 Жыл бұрын
@@ThachNguyen how did u buy first house did u take loans or did u spent you own personal money
@themateo5233 Жыл бұрын
@@ThachNguyen and how much is monthly rent
@Elsa-qy9hr Жыл бұрын
@ThachNguyen do we have to live in a home for a year, doing the BRRR strategy?
@whatta7793 Жыл бұрын
@@themateo5233 99% chance that he borrowed money, especially for his first property. I'd almost guarantee he borrows money on ALL of his real estate. Especially a few years ago, when rates were 2-3%. When rates are that low, it's STUPID to not borrow money.
@abeeiland2996 Жыл бұрын
The most authentic real Estate investor I have seen on KZbin. Thank you for sharing 😊
@stevendnguyen Жыл бұрын
Power of compounding real estate over time. I own a 20 unit which I am doing a BRRRR on, 26 unit that I will BRRRR, and a mobile home park that is a fix and flip. Real estate snowballs over time and I am starting to share my journey.
@JUDGEME5150 Жыл бұрын
You gotta make a video that talks about where you started from. Like were you born into a rich family? Who guided you in this path? When did it start? Tell us 0 - 100.
@carlo6912 Жыл бұрын
WOW, i just found your channel today. You seem so real and genuine. Thank you for sharing your knowledge.
@sking3646 Жыл бұрын
Great video, but you moved real fast...Would love to see a more in-depth video on how to use Equity in your existing properties to expand your Real Estate portfolio.
@adventurefuel5172 Жыл бұрын
Multi family is always the preferred option. More work, but the multiple rental payments decrease risk profile. One bad tenant in a single house can play the court/eviction process for months while destroying the property, and you still have to pay the underlying mortgage. Then you have to fix it. The rental business is no joke.
@whip010 Жыл бұрын
Appreciate you doing this my family has about 30 units of multifamily and your videos about commercial property building is highly informative.
@Adrian-yi8fl Жыл бұрын
32 units with no parking. What a nightmare for the entire neighborhood!
@EdwardVarnerАй бұрын
Nightmare is the perfect description.
@luduong Жыл бұрын
Thach, my wife and I are planning to get started in REI. Time to make moves to better our lives and financial future. As a fellow Vietnamese brother, you’re inspiring my guy. Thank you for sharing your wisdom and experiences.
@Haggvz Жыл бұрын
be careful with the interest rate....
@lanyg.64924 ай бұрын
This wisdom is a true blessing , a most genuine thank you sir!❤🙏🏾
@Fuzzie22 Жыл бұрын
Chu thach you are very inspiring and motivating. I recently quit my major as a nurse and invested my time in real estate. 👊
@justcallmebon2684 Жыл бұрын
Having a decent paying W2 is actually great for real estate investing
@WinnersTVNetwork Жыл бұрын
He’s the BEST at REAL ESTATE 🔥🔥🔥🔥🔥
@floxydorathy6611 Жыл бұрын
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
@floxydorathy6611 Жыл бұрын
That’s impressive, have you always had a financial advisor?
@floxydorathy6611 Жыл бұрын
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly
@cameronmcknight715810 ай бұрын
Spend all extra money down toward principals, as you pay it off cash flow increases from that one until paid off then you but a second and add that cash flow plus a paid off cash flow property, continue until you can save up a year to buy 6-10 unit property, push all extra rent to pay off as quick as possible and you should be in good shape
@alfredomarrero7917 Жыл бұрын
Awesome video Thach! Truly inspiring to see what you have accomplished, thanks for sharing!
@jayhernandez4197 Жыл бұрын
I love real estate!!!! The best thing on earth.
@wzeng02 Жыл бұрын
Thank you for sharing - amazing portfolio of properties
@thebeardedgingerontheinter3256 Жыл бұрын
Your equity is locked in can't touch it. Unless you want less cashflow. Also it's based off market value. Also with so many rentals with how much debt on each property you have wouldn't it be a better strategy to utilize your cash flow to pay off some of the property's to increase your monthly cash flow and decrease your monthly debt and overhead before continuing down a road of continuous debt and liability depending on markets and percentange occupation of per building especially in this economy
@graciepoo622 Жыл бұрын
Great video! Would love if you could do a video on 1031 exchanges and how you make them work for you
@alesmarek2474 Жыл бұрын
Why did you not add original pictures of previous houses on the sites...cool video anyway! Thx.
@danielmedina333 Жыл бұрын
I shared this video with my sphere!! nice job!
@rillawhat8142 Жыл бұрын
Great video!!! Appreciate the breakdown👍🏾
@saleimafi8163 Жыл бұрын
Very very good video! Keep them coming!!
@zlatkostevanovic589111 ай бұрын
Thach, do you use a property management company to manage all your tenants?
@zeekflash6924 Жыл бұрын
Where do tenants park at ? Side of streets
@LS19331 Жыл бұрын
On the roof
@Josh-ii1eq Жыл бұрын
Cars parked facing eachother...gotta love Seattle 😂
@rakeshkhurana-n3r6 ай бұрын
Can you please suggest something about Grosse pointe..MI
@paulbrungardt9823 Жыл бұрын
Grandpa used to say : " Don't count your chickens before they hatch. " Seattle's tolerance for vagrants, Drug abuse,& remote working, has decreased desirability of Seattle residency. Vacancies are increasing. Just wait until you have vacancies & all those mortgage payment to make.
@MonteMitchell Жыл бұрын
He’s not worried, I’m sure he has plenty of reserves to weather any downturn. Stop hatin.
@paulbrungardt9823 Жыл бұрын
@@MonteMitchell I don't consider logical evaluation of circumstances or potential circumstances to be" hatin"...it is what I learned at university. You are making a huge assumption by being: "sure he has plenty of reserves."
@biggorilla1999 Жыл бұрын
@@paulbrungardt9823 The "big" players doing social media, getting social media revenue and selling courses probably have nothing to worry about. People who purchased a shit ton of real estate in 2008 probably have a bunch of properties paid off where they dont have to worry about vacancies. The vacancies and professional tenants really fuck over the new guys trying to get in to it who are over zealous
@OlatunjiBost-xc8dy Жыл бұрын
Your the man, here's my situation. My mother left a trust in the trust my sister and I own 50% a pcs of the asset. 15k a month cash flow. The assets is worth 3 million free and clear equity hasn't been touched for over 35 - 40years. There is a buy out clause in the will if one of us wants out. There a 15% tax hit if i want to be brought out. How can I tap into $ to buy more real estate, cause I'm stuck I'm trying to get in buying another 10-15 unit building. My sister is head of the trust. She afraid of making more money. I need your advice.
@rcmen231 Жыл бұрын
Inspirational ❤🔥🔥🔥🔥
@bobbiesera5643 Жыл бұрын
great video , you speak the truth , great video
@marxsinfo Жыл бұрын
Great information 😊 sir absolutely appreciate your time to share I will use your example for direction and mindset in gears ⚙️
@marxsinfo Жыл бұрын
Wanted to get some sweet shirts. Send me a link ‘I’m out of Santa Clarita/San Fernando valley Cali getting in to whole sales contacts ,I’m your age bro
@user-sw7sl5zx3v Жыл бұрын
@thachnguyen can you please explain your real estate business entity structure for building & investing .Do you only use series llc's or corporation? if so when do you use a corporation?
@bhp000 Жыл бұрын
0:54 They're getting robbed in Seattle 😂😂😂
@scottross9016 Жыл бұрын
does anyone know of any good canadian real estate channels?? Here we dont have a 1031 and we cant get fha loans
@johnczaplinski5242 Жыл бұрын
Enjoyed the video. Thanks!
@bobbiesera5643 Жыл бұрын
question how do you raise capital to build or are you levearging from other properties you own?
@sadams6663 Жыл бұрын
How to do you separate utility meter for your ADU?
@buildpro97052 ай бұрын
What do you mean by, "1031 the building"?
@POODYWORLD Жыл бұрын
So you can 1031 your own property? You don’t have to buy from someone else? Thanks
@varitv6785 Жыл бұрын
Have you purchased any sheriff sales? Or for closures
@awesomeadamfrom2099 Жыл бұрын
Awesome job bro
@talentekhuzwayo2705 Жыл бұрын
Seattle market seems like it’s crazy🔥
@Ka_Band_Harud_dpeiАй бұрын
Thank you so much Sir very helpful 😊
@johnleebass Жыл бұрын
❤the info & energy of this video!
@mosesbroderick5964 Жыл бұрын
Thanks for your videos have watched many over and over and they are really informative. Can you do a video on the100 units multifamily you just built? 2) pls can you tell me why you like your multifamily apartment to be micro apartment? It seems it a good strategy as it enables you maximize space as well cash flow compared to have 2bed & 1 bed apartment? Thanks for replying
@roido6614Ай бұрын
The part that Scares me the most is the "Still Owing" part.
@zelialadeira756 Жыл бұрын
I love this concept.
@realistic1038 Жыл бұрын
Thach do you need a real estate broker license? What do you title yourself ex. Real estate investor?
@gabrielswint Жыл бұрын
Did He say in Oakland he had 100 unit property??
@kentoskentos8428 Жыл бұрын
Thach, thank you for sharing.
@roberttanko8250 Жыл бұрын
Very cool how you put everything together. Need to know the rules and access to cash
@lewisharris5136 Жыл бұрын
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
@henrymartino4283 Жыл бұрын
By following this practice; *(Being frugal , Investing and staying positive),* and by working with a *financial planner,* I achieved financial independence.
@lewisharris5136 Жыл бұрын
If I could ask; who’s your financial Adviser and how do I gain more info?
@henrymartino4283 Жыл бұрын
I get help from *Donald Nathan Scott.* A well known Investment Adviser who operates privately . You can research his name to get more information.
@czedaa Жыл бұрын
whats like approx income minus debt pay
@Stephen.Sanday Жыл бұрын
HEAVY CONTENT !! 😎
@kentoskentos8428 Жыл бұрын
Thank you for sharing.
@haritzunamuno Жыл бұрын
Amazing! Eres mi referente! ❤️❤️
@jaayeee24 Жыл бұрын
Great content and nice hoodie. Where can I find the hoodie?
@MarleyOnThaBluff Жыл бұрын
Anyone know what kind of bentley is that and the year? That thing is beautiful
@ThachNguyen Жыл бұрын
That’s the new Bentley flying spur
@eileenperez8767 Жыл бұрын
you are living my dream
@oben44 Жыл бұрын
Great content! I’m looking to transition in real estate in the next few years
@ushafatony536 Жыл бұрын
I'm motivated.
@Basilio_Alcantara Жыл бұрын
hi Thach i have a 10 year plan to retire from my w2 , do you think multifamily is a better investment to accomplish my goals vs single family homes? i currently owned a few single families but i m not seeing much cash flow now due to the increase in taxes and insurance (Jacksonville and Orlando market)
@lal5555f Жыл бұрын
Multi family and split up and rent room by room near college towns
@jimmash9353 Жыл бұрын
Lot of cities don't allow room to room,be very careful because it's a potential disaster.
@nesq4104 Жыл бұрын
You are not allowed to make money because you are peasant class
@fivestar000 Жыл бұрын
Would you sell them to get into hotel? Or apartment
@AJohnson0325 Жыл бұрын
Buying a hotel is more like buying a business than real estate according to Ben Mallah. Multifamily is a lot more passive.
@TrendSettaRico Жыл бұрын
Amazing! Im looking to atart my portfolio here in Cincinnati, OH this year hopefully.
@TungNguyenAus Жыл бұрын
cảm ơn Anh Thạch nhiều
@nathanielmetu4649 Жыл бұрын
Thach, I was wondering how springboard works. I'm in Calgary and I want to sign up for the course.
@ThachNguyen Жыл бұрын
My coaching right now only can help students in the US however I am updating my mentorship and it will be able to help people out of state. Coming soon and stay tune bro
@coreyfranco7060 Жыл бұрын
Is this guy making a video outside of someone elses building?
@naomireed7039 Жыл бұрын
Amazing and very inspiring video! Appreciate this very much! I'm in the South Bay, Los Angeles, CA - I wish u were local and I would definitely find the way to stalk you to learn from you!! LOL For that, how do you think I can find someone like you the successful investor in my local market? Going to different meetup is one thing, but curious about your input.
@benderthegreat4728 Жыл бұрын
$1200 for 250sqft Seattle is wild. My garage is the size of 2 apartment lol
@mordiendoel1625 Жыл бұрын
Dammm bro🙏👍 im 34 years old and thinking of start investing. Btw im not rich or come from rich family.
@moneymaker7958 Жыл бұрын
I just started with 1 single family, and I need some guidance, man!
@dreallyrealandy888 Жыл бұрын
What’s up Brother Thach!!!
@tinasripongkosol8933 Жыл бұрын
Can you share how to get the money to build?
@RicksCafeAmericana Жыл бұрын
Investment snowball. Start small and scale up. You will learn as you go.
@grouphuff Жыл бұрын
Dope Thach!
@cainblo12 ай бұрын
This dude is rolling big time But not much to learn here
@WelcomeInc Жыл бұрын
Whats your plan for when all your morgage debt starts resetting/converts to adjustables/,gets called due by the banks ?
@stud6414 Жыл бұрын
Fixed rates
@Qwerty-xc5rn Жыл бұрын
I loved it! Keep same videos on development and apartment building rentals. Im bout to build 40units myself.. so checking it out
@giggitygiggity8845 Жыл бұрын
Hi Thach. Can you mentor me? I really want to start my real estate portfolio
@giggitygiggity8845 Жыл бұрын
@thachNguyen212 Why is that number from Boston? Thought you live in Seattle? 😜
@ThachNguyen Жыл бұрын
I’m updating my mentorship and be ready soon. Stay in touch with me and hit following me on IG
@adamdafoe34048 ай бұрын
Im in Seattle who can show me how?
@Twinytwin22 Жыл бұрын
Can you help me and my family with a single family home sec8 plz 2-3 bedroom. Losangeles
@maino8585 Жыл бұрын
Air bnb makes more downtown
@Ricocase Жыл бұрын
Wages don't match the prices. Who's paying 6k / m?
@meharchandoad4805 Жыл бұрын
250 sft. Its studio
@sremail4829 Жыл бұрын
respect
@bryantpartazana63569 ай бұрын
1200 a month for 250 square foot closet is crazy
@dman747 Жыл бұрын
New York City is actually the most expensive city in the United States. If you compare Seattle to New York City then New York City is actually a lot more expensive than Seattle. Google it. Seattle vs New York City cost of living.
@TheMors1975 Жыл бұрын
50 chances to make income or ,1 the choice is obvious
@JulianAlbino Жыл бұрын
wow!
@chafikusa Жыл бұрын
You’re taking a huge risk by accumulating all these credits and biding on always good market. If God forbid something bad happens to the market tomorrow, you’ll lose everything in no time. I suggest go slow: build, own, sell and move to the next one until you build a bigger portfolio then do rentals.
@tycrawford4705 Жыл бұрын
All of the designs of what you have built are very proper. I want to go into business with you in Costa Rica! Allow me to propose the plans/goals
@tycrawford4705 Жыл бұрын
@thachNguyen212 scammers have no life.
@ThachNguyen Жыл бұрын
I appreciate your feedback and I like designing and building thing out. Even cars 😀 I stick to seattle bc I know it and I made the mistake I bought and build out of state and country and won’t do that again. Thank you 🙏
@tycrawford4705 Жыл бұрын
@@ThachNguyen understand most definitely.📈🙏🏼
@I_amSal906 ай бұрын
MTV cribs thach edition
@aaronr.g.3636 ай бұрын
250 square feet, who lives like that?
@Rudenz8 Жыл бұрын
Nice content. To me, trading the forex and crypto market is way better than any online investment 💯
@VerneCopeland Жыл бұрын
Please I need someone to help me trade or invest in the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
@HeatherJ123 Жыл бұрын
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
@rileymolnar Жыл бұрын
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling,does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
@MorrisonChris Жыл бұрын
You're right. That's why I've to start forex trading three months ago with my reliable expert Jessica chiara Russell. Now I'm making constant profit from it