How I Bought 157 Rental Units in 1 YEAR (You Can Do It Too)

[@tyrellrutledge52]

When my 10 doors goal for 2023 year seems crazy and unachievable, you can always look up to see that the sky is the limit

[@kimberiysmarketstrategy]

What’s your plan to make the payments?

[@ProjectRE]

We all start with the first one! 💪

[@ProjectRE]

@@kimberiysmarketstrategy not following? Our cash flow does? Or you talking during the stabilization period? You can get a interest reserve as well.

[@tyrellrutledge52]

1 down 9 to go lol

[@vmrosales3]

Your goal for this year= 300 doors My goal= 2 doors

[@TimDaGoof]

Lol facts

[@luisrosario432]

2 doors is better than 0 doors. Dont let other people's goals hinder yours. Yours is what you can get so far, maybe only 1, but remember, 1 is still better than 0. You can do it bro. I love real estate and would like to start, I still have 0 doors cuz I have no money and nobody to invest, but my goal is gonna be 1 door, and after that you just forecast and adjust to your needs.

[@TimDaGoof]

@@luisrosario432 amen 🙏🏾

[@LEADEXECUTIVE]

Just get started and work your own goals. My goal is 10. I’m almost at 8. The hardest was going from 0 to 1.

[@russellfleming4156]

@@LEADEXECUTIVE I’m at that 0 right now trying to get to 1

[@aydennreda]

Fun game: Take a shot every time he says “doors”

[@ProjectRE]

🚪 😂

[@zzz-sleepforever]

Don’t try this game when he says “flow” either. Death will ensue.

[@xandrem09x]

Love seeing the comments. I set a goal for 16 doors this year.

[@ProjectRE]

Get it!

[@piRatCaptain]

I really don't care about how to buy 150 properties or even 1500 properties in 1 year. I want to know how to keep those properties when tents start to lose their jobs in 2023 and unemployment skyrockets. Being overleverage like this is insane. I expect that all these people bragging about how fast they grew their empires will be the last people to come back here and give updates when unemployment goes to 15%. They are all sitting on a house of cards, overleverages ticking timebombs. As their properties start to go negative cashflow they will be trying to dump them only to find no buyers because rates are sitting at 8-9%. I just found 1 AZ couple that is dumping all their local properties by following their LLC structures. They have over 50 LLCs and the properties they have in AZ and CA have crash so hard in value I'm guessing their are dumping properties they bought only a year ago in order to try to get some cash to pay off those balloon payments. Mark my works 2024 will see all these people crying and not on a youtube stream.

[@kimberiysmarketstrategy]

Never get balloon payments!

[@forgotmyname11]

100% right there is no way this is a good investment

[@nq6417]

Warren buffet says “when the tide goes out, you get to see who’s swimming naked”. Leverage is a dangerous tool without extensive experience

[@ProjectRE]

We’ve been investing since 2005. Market conditions always change. You need to be able to have the reserves to weather any storms. Save your money

[@Adrian-yi8fl]

Stay broke then. Great idea

[@HAPPYplaceQC]

Our goal is to acquire 3 doors this year through private lending. We're currently busy crunching the numbers for two deals and it looks there could be a ROI of 15% 🤞

[@ProjectRE]

Get after it!!! 🎉

[@onthemoney8356]

Putting 25% down each on 157 units. They had at a minimum $7,000,000 in cash to do this. 😳

[@ProjectRE]

And sone change 🪙 . All over that math!

[@simonabuttini5046]

When you say that as a broker you don’t expect a commission are you telling the other brokers that they will get the 6% commission than on the property? Or how does it work?

[@ProjectRE]

A lot of commercial brokers trade off market. We don’t rep ourselves

[@simonabuttini5046]

@@ProjectRE Ok thank you for the clarification

[@stevea5743]

Interesting outlook my goal is 100%. Let's go !

[@daytonandersen361]

Brilliant.

[@ProjectRE]

Thanks 🙏🏻

[@joseserrato6447]

Absolute🐐

[@ProjectRE]

Thanks Jose!

[@20rentalsandimdoneworking48]

Pacific Northwest is about to torpedo dive big time. Good luck.

[@ProjectRE]

Let it and I’ll be buying 😜

[@michaeld6676]

Can you elaborate a bit on the lingo "gunpowder in the portfolio equity"? I'm just trying to understand whether you meant pulling out cash without being hit with capital gain or something else. But if you already liquidated a big portion of the portfolio and realize those equity gained in the crazy market (big elite move by the way), then I assume you did 1031 on all of them. So again, just trying to understand what the lingo above mean. Thanks alot for the solid contents as always! Michael Duong

[@SwiperTheFox-sz3sw]

My goal is to acquire my first rental in King County

[@ProjectRE]

Come check us out. Heaton Dainard RE

[@ashtonsyoutubization]

One goal of mine: find 3 deals for HD

[@ProjectRE]

Hell yeah!!!!! Let’s go!

[@87mcmahan87]

Greeeeed my god! Thanks to these kind of greedy outfits... everybody else in the comments below are priced out and can't get one deal a year. Thanks

[@tinianle]

This is why the Fed needs to raise rates and keep them their for longer because of all of these speculative investments. The bigger the play, the bigger the fall.

[@ProjectRE]

Buy in the now and not the spec, lock your money for at least 5 years and the Fed can do what they want 💪

[@gdatek]

closing deals!!!

[@ProjectRE]

Always!

[@jamescc2010]

How is he doing now with this crashing market in rents and prices?

[@ketolifestylekilitinc.5955]

He’s probably buying properties that are not really deals. There probably basic 4-5 caps

[@ProjectRE]

We are exceeding all of our projections on all of our holds. Short term high profit deals did hurt though. All in the IW!

[@SergioMartinez-me6yx]

Hi James, as always great content! Many (if not all) of these strategies works for US citizens. Any advice for foreign people (not living in the states) that wants to start investing and building a portafolio in the US? Hope you get to see my comment and thanks in advance for your support!

[@hardworkanddedication0907]

W in the chat

[@fancifrance4039]

If you bought in 2022 vs 2024, you overpaid from a value cost and interest perspective. In fact I don't think interest rates will ever go back to under 4%.

[@Kino0801]

This better not have a just got a loan from my father or father in law for 4 million in how he did it. 😒

[@ProjectRE]

😂 built my portfolio off TIPS not parents

[@mikey57262]

157 rentals in 1 year?!? …. Like why do we as a society accept this?!? Anybody who wants to be this person is sociopathic. There are so many people in this country who can barely acquire 1 for themselves. This is gross! Real estate investors are the new wall street bankers we once hated

[@nq6417]

You need investors because the government isn’t going to house everyone. Your hating on the wrong crowd. BUT this sort of preaching to get that leveraged so quickly, should be banned

[@onthemoney8356]

Yea..I hear this type of stuff and it makes me sick. They started with sizable capital and just bought everything rhey could.

[@riottonitedragon8344]

Eat the rich

[@AyahuascaDataScientist]

Ew. Who likes partners? I want money for me, myself, and I only!

[@tsf3352]

Market timing is not your thing I suppose. Just kept buying at the hight. Also it seems to me you are giving the audience an excuse that you bought 150 unites at the hight of the market So we cant call you a Warren Buffet of Real Estate. 😂😂😂

[@ProjectRE]

It’s all in the math! We purchased a ton of properties in 2008/9/10 which was a terrible market. All in the numbers and structure

[@tsf3352]

@@ProjectRE I am real estate investor too. Timing definitely is one of the basics of the real estate investing, like any other investing. But what do I know; You guys are on KZbin and educating people , so we will assume you know what you talking about. Good Luck anyways with your portfolio

[@letsgobrandon5334]

I wanna get 1-5 doors this year. Have zero currently.

[@ProjectRE]

Look at a first time home buyer product. You can get into one with low money down!

[@letsgobrandon5334]

@@ProjectRE Thanks for the advice, mostly what I'm hearing is hard money then refi conventional. I'm also seeing a lot of properties I'm not willing to spend the money on due to neighborhood.