How Much This 10-Unit Apartment Makes Me Every Year

  Рет қаралды 2,374,856

Thach Nguyen

Thach Nguyen

Күн бұрын

Пікірлер: 1 700
@dannydinh2281
@dannydinh2281 Жыл бұрын
He just walked up to a random home
@bngr_bngr
@bngr_bngr Жыл бұрын
Yeah last time he said he rented these for $3500.
@elaybright8884
@elaybright8884 Жыл бұрын
haha communist China property
@fordayoutube8712
@fordayoutube8712 Жыл бұрын
He said 1625 but the screen said 1650 inflation a bitch
@smartfortwo451
@smartfortwo451 Жыл бұрын
Sounds like Trump...a fraud.
@MrOldeastdallas
@MrOldeastdallas Жыл бұрын
Yup, it seems like it. He is doing it for TikTok, KZbin, and Facebook to get a views and he gets paid for views on his videos. He's just running up to buildings saying he owns them, how much he makes from them etc etc and they are owned by someone else. People be falling for what he says.
@XrunescapeXgodX
@XrunescapeXgodX Жыл бұрын
I've never heard an accent go from Asian, to Spanish, to new Yorker, to regular English in less than a minute
@Birddog-4
@Birddog-4 Жыл бұрын
He looks like hes mixed Asian, Mexican, and Italian.
@perfecttenk8744
@perfecttenk8744 Жыл бұрын
He is asian, his English was poor, he picked up accents from his friends and media unknowingly.
@jaredbarrett1015
@jaredbarrett1015 Жыл бұрын
He sounds like Sid from ice age and looks like Elon musk 😂
@casperthefriendlyghost007
@casperthefriendlyghost007 Жыл бұрын
Tyyyymes tiin don't forget Texas too
@Vis-Light
@Vis-Light Жыл бұрын
@ROCKET MAN same repetitive motions I think he might be having a stroke
@ChristopherAbelman
@ChristopherAbelman Ай бұрын
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
@FinnBraylon
@FinnBraylon Ай бұрын
it’s a personal decision, but Forbes says housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
@PennyBergeron-os4ch
@PennyBergeron-os4ch Ай бұрын
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
@JosephineKenney
@JosephineKenney Ай бұрын
this is all new to me, where do I find a fiduciary, can you recommend one?
@PennyBergeron-os4ch
@PennyBergeron-os4ch Ай бұрын
She's “ Sonya Lee Mitchell''. I choose to delegate my excesses to her because of her expertise. I suggest you look her up.
@JosephineKenney
@JosephineKenney Ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@anon7812
@anon7812 Жыл бұрын
"Sir, I was just asking for directions"
@PlatinumHustle
@PlatinumHustle Жыл бұрын
😂😂😂
@gerdpriester
@gerdpriester Жыл бұрын
😂😂😂
@DZ-og3ym
@DZ-og3ym 11 ай бұрын
😂😂😂
@hebechilln
@hebechilln 11 ай бұрын
😂😂😂
@Plumber60423
@Plumber60423 8 ай бұрын
Loooooool
@nastywaffles
@nastywaffles Жыл бұрын
This man really do just walk up to random properties
@masoodrasab9327
@masoodrasab9327 Жыл бұрын
That what i thinking 🤔
@misogynisticfish4254
@misogynisticfish4254 Жыл бұрын
What to laugh👇 comments 😂😂😂😂😂😂
@bryancollins9627
@bryancollins9627 Жыл бұрын
Nope. I’ve met him. He’s real and he’s rich as fuck lol.
@socialmediainfo-um6hw
@socialmediainfo-um6hw Жыл бұрын
His actually a multi millionaire. I know him and yes he owns those properties and then some.
@unkinderjam4376
@unkinderjam4376 Жыл бұрын
​@rocketman-qb9soCan't fake real estate, look him up, and if he owns that building you will find where
@wzeng02
@wzeng02 Жыл бұрын
This is crazy. What about maintenance (for example leaking pipe), utility bill such as water, vacancy and tenant turn over? The toilet never breaks, sink and roof never leaks, property manage itself, tenant returns a turn key property and another tenant move in the next day. What is he promoting?
@uphill248
@uphill248 Жыл бұрын
Next he’s going to walk up to the White House and say how much money he makes renting it.
@adamf5018
@adamf5018 Жыл бұрын
😂😂😂😂😂😂
@azlanbinismail
@azlanbinismail Жыл бұрын
Every house in Vietnam is his and he rent it out to the people of Vietnam.
@uphill248
@uphill248 Жыл бұрын
@@azlanbinismail 😆😆
@sekarkumaravelu7145
@sekarkumaravelu7145 Жыл бұрын
Man, i am in tears.thanks for the great laugh...
@darvinhood7289
@darvinhood7289 Жыл бұрын
Lmao😂
@geoffrey-rf7pg
@geoffrey-rf7pg Жыл бұрын
Real Owner: Sir this is private property you have to leave now.
@StopSnatchin
@StopSnatchin Ай бұрын
😂😂😂😂😂
@DCfreerunner
@DCfreerunner Жыл бұрын
The tenants in the house "Our landlord is making tiktoks while he collects rent again 🤭"
@asadb1990
@asadb1990 Жыл бұрын
Or they tell the landlord some rando making tiktoks of how he's the landlord
@-Sam69
@-Sam69 Жыл бұрын
Broke mentality 😂💀you get to save on down payment, can move anytime, don’t need to sell the property, don’t need credit, won’t worry about repairs and many more for renting
@DCfreerunner
@DCfreerunner Жыл бұрын
@@-Sam69 lmao what
@500sixtyfour
@500sixtyfour Жыл бұрын
And talking about how he makes almost 50%
@bnorvs5929
@bnorvs5929 Жыл бұрын
Only if you rent every unit, AND nothing goes wrong, AND everyone pays their rent
@lidgerwoodj
@lidgerwoodj Жыл бұрын
Yep, I budget for about 80% fully paid occupancy. You can do things to encourage people to stay there, like making sure you take care of maintenance, and generally ensuring it’s liveable and comfortable. If you treat your property like crap, how do you expect your tenants to look after it?
@adam.vision
@adam.vision Жыл бұрын
Don’t forget about the capital required for a down payment in the first place
@VirusZero0140
@VirusZero0140 Жыл бұрын
​@@adam.visionwhich is generally how much? $500k?
@priestesslucy3299
@priestesslucy3299 Жыл бұрын
​@@adam.visionyeah, this sort of place is not a starter investment. Do some house hacking, do a few BRRRRs, build up some resources while you further educate yourself on the process. Build a duplex, then a fourplex, *_then_* build one of these.
@shanestanton5481
@shanestanton5481 Жыл бұрын
As a landlord. I'm calling bullshit
@legacyturbo8485
@legacyturbo8485 Жыл бұрын
I own multiple properties .!. This is plausible depending where this is located. With rents that high this building should be worth a minimum of 2 million.
@shanestanton5481
@shanestanton5481 Жыл бұрын
@@legacyturbo8485 I own multiple units. I wish I did half that profit
@GORILLA_PIMP
@GORILLA_PIMP Жыл бұрын
​@@shanestanton5481 Dam you own MULTIPLE apartment buildings an net LESS than 45K a year???
@leoscareer
@leoscareer Жыл бұрын
This is legit. I do this too. In a board game.
@Charlie-rt7sb
@Charlie-rt7sb Жыл бұрын
@@shanestanton5481 so because you can’t do it no one else can? Right
@mattphillips2844
@mattphillips2844 Жыл бұрын
People like to brag about success stories but never want to show you properties that didn’t work out so well.
@shanestanton5481
@shanestanton5481 Жыл бұрын
Exactly. These numbers are exaggerated.
@LifeAfterDeathTube
@LifeAfterDeathTube Ай бұрын
he also had everything handed to him in life and never faced any adversity. mommy and daddy's money gave him his so-called "real estate portfolio." 😆
@brightleah1404
@brightleah1404 Жыл бұрын
Building a good investment portfolio is more complex so I would recommend you seek professional support.This way you can get strategies designed to address your unique long term goals and financial dreams
@yolandacabrera4687
@yolandacabrera4687 Жыл бұрын
Same here, a Transformations of £4000 to a £15,400 in just 2 weeks, he's the really best
@millerdavis231
@millerdavis231 Жыл бұрын
Initially I have lost interest in Bitcoin trading and investment platform,I was watching video on KZbin,I saw many people giving testimonies about Expert Hawkins Nicholas,I said wow!! Let me give him a try
@ruyoledmonton9012
@ruyoledmonton9012 Жыл бұрын
His contact
@ruyoledmonton9012
@ruyoledmonton9012 Жыл бұрын
┼𝟏𝟒𝟏𝟕𝟑𝟏𝟓𝟏𝟔𝟏𝟕👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾☀️☀️
@ruyoledmonton9012
@ruyoledmonton9012 Жыл бұрын
Let him know you were referred by one of his client
@johng0807
@johng0807 Жыл бұрын
This dude might want to have his accountant show him the math.
@Top10soon
@Top10soon Жыл бұрын
I make over $4500 a month after expenses on just a duplex in Los Angeles lol
@Madn3ssMan
@Madn3ssMan Жыл бұрын
@@Top10soonnice one man!
@LuG8911
@LuG8911 Жыл бұрын
Yeah if you purchased it in the 80s
@BobSmog
@BobSmog Жыл бұрын
All I wanna know is how the fuck he's fitting 10 units in that shoebox. That thing should be 1 family home.
@BaldKiwi117
@BaldKiwi117 Жыл бұрын
​@@BobSmogyeah like a family of 12 lol
@noemancia
@noemancia Жыл бұрын
In the main time, son: dad theres a Chinese guy recording our house Dad: get my gun!!!
@fastxsam
@fastxsam Жыл бұрын
Whether this is his building or not he's lying. Perhaps the total roi would be 90k if nothing ever happened. Repairs, renovations, listing and etc, he would be lucky to get half that amount every year. But don't get me wrong $45k passive is still better than zero
@shanestanton5481
@shanestanton5481 Жыл бұрын
Agreed
@wellingtonbruh3756
@wellingtonbruh3756 Жыл бұрын
Totally, he leaves out a lot of the other "not expected" costs. And those are the most expensive ones to fix and can. At times destroy your profits for the year, maybe even put you in the red.
@TrevorDaniel
@TrevorDaniel 9 күн бұрын
Bro got that CajinCreole asian combo accent 🔥
@raohfan6256
@raohfan6256 Жыл бұрын
The property manager charges minimum 3000 a month for this kind of 10 unit property and the property taxes probably at least 1500 a month. So your mortgage PI is around 4500 a month. With 5% interest(assuming you got the loan a few years ago at a lower commercial RE rate), that’s easy 900k loan. + the 1.5m equity that’s 2.4m total property value. The MoM is really just 200k/2.5m = 8%. Not low but not impressive either considering the amount of down payment and hassle required. Some major repairs can easily wipe out your whole year cash flow.
@michelesimone6752
@michelesimone6752 Жыл бұрын
The property manager Typically gets only 10%. He's probably already included that expense in his net income.
@joshuab464
@joshuab464 Жыл бұрын
Thank you for the thorough breakdown. I personally appreciate it
@Wisdomseeker1028
@Wisdomseeker1028 Жыл бұрын
It would help to know how much it cost to buy, so we can calculate roi. Also helpful to know if you added additional units since purchasing. And helpful to know how much equity accrued through paying the mortgage and how much in appreciation
@misterincognito6089
@misterincognito6089 Жыл бұрын
1700 dollars a month for a 10 square feet apartment😂
@PresidentUSVI
@PresidentUSVI Жыл бұрын
Crazy, I was thinking the same thing.
@adamantium2012
@adamantium2012 Жыл бұрын
Don't lie, it's at least 100.
@PInk77W1
@PInk77W1 Жыл бұрын
I was living in a 96sqft studio by the beach in California. I retired and 3weeks later my landlord said she was gonna double my rent. LoL
@BobSmog
@BobSmog Жыл бұрын
Ik right? That entire building should be 1 house
@jaydntplay
@jaydntplay 8 ай бұрын
new york city ahh deal
@onestopfunstop317
@onestopfunstop317 Жыл бұрын
What about maintenance? Roof, Siding Paint, Carpets, Plumbing, Cabinets, Landscaping, Doors, Windows, Appliances, water heaters, Fixtures, etc...
@onestopfunstop317
@onestopfunstop317 Жыл бұрын
Also, what about the time it sits empty between tenants? 1 month empty, to prep and find new tenants for a unit is going to be 20% of your yearly earnings. Carpet, paint, labor, advertising, missed rent, etc....
@randygravel2057
@randygravel2057 Жыл бұрын
9000 for p and I, taxes and insurance a month. He must have put have put 80 percent down, AT LEAST. Which for that building was millions. He’s leaving a lot of numbers out
@JP-tk3tf
@JP-tk3tf Жыл бұрын
Thank you, thought I was the only one who thought this
@jamessopkin
@jamessopkin Жыл бұрын
You’re probably right. He said 1.5 million equity and the building could be worth like 2 million. Those profit margins are insane
@tyheclayton473
@tyheclayton473 Жыл бұрын
My dad was doing that too Renter didn't pay Government it's on their side You are very lucky You have a good renters
@joh9421
@joh9421 Жыл бұрын
A/C goes out, heat, washer breaks, tenant leave you have to repaint and repair
@CaptainCakes
@CaptainCakes Жыл бұрын
Poor man mindset^risk averse, makes 40k a year and is happy.
@msoufi3667
@msoufi3667 Жыл бұрын
they still make very good amout. specially the one that have old mortgage of 3k if they sold same property mortgage will be 7 or 8k or even more depend if it renovated or has more unit
@geraldbright8990
@geraldbright8990 Жыл бұрын
If a landlord can make 5% on equity he's extremely lucky.
@srtev2813
@srtev2813 Жыл бұрын
What if the tenants don't pay rent that's a problem because its a process.
@CaptainCakes
@CaptainCakes Жыл бұрын
@@srtev2813 what if you lose your job? What if you get into a car accident that immobilizes you got 3 months? There’s plenty of reasons to not do something, you have to be willing to risk it for the biscuit.
@hughbunyea4703
@hughbunyea4703 Жыл бұрын
Don't forget the percentage you have to set aside for repairs and maintenance
@hary291
@hary291 11 күн бұрын
From 7,500 probably 1,500 x12 = 18,000 . 6k is goos cash flow
@rocky8084
@rocky8084 Жыл бұрын
After the IRS contacted him regarding this income he told them it was just a KZbin video to make pocket change😂
@asavage1576
@asavage1576 Жыл бұрын
Haha. Like being a farmer....try to convince the bank you make alot of money, while trying to convince the government you lose money 😂
@abumansaray7
@abumansaray7 Жыл бұрын
😂😂
@gaseousclay6126
@gaseousclay6126 Жыл бұрын
All tenants pay 100% and no vacancies????
@tonymcdonald9315
@tonymcdonald9315 Жыл бұрын
Yep
@hellofuture2656
@hellofuture2656 Жыл бұрын
Well in reality u must have vacancies at least 20% that + tenant not paying rent and we don’t talk about maintenance
@asadb1990
@asadb1990 Жыл бұрын
Rent from packed paid tenants pays for the empty units
@shanestanton5481
@shanestanton5481 Жыл бұрын
You forgot damages, repairs, maintenance, taxes, utilities, skipped rent, evictions, court cost, attorney fees , lawn care, snow removal, sewer line collapse backing into the basement, tornado taking off the roof, trees falling into the building, baseballs going through windows, tenants doing remodeling...want me to keep going?
@greeneczemaandham1326
@greeneczemaandham1326 Жыл бұрын
Imagine looking outside of the window to your apartment and seeing your landlord filming a fucking tiktok
@LifeAfterDeathTube
@LifeAfterDeathTube Ай бұрын
fair point, but let me re-word it for ya: imagine being the person who actually owns this, and looking outside your house to see this random weird guy making a fucking TikTok. 😆
@Xtri0s
@Xtri0s Жыл бұрын
For this to work you would need to pay $1 million for this 10 unit apartment. Good luck finding that in a good renters market area.
@anthonyrussell9706
@anthonyrussell9706 Жыл бұрын
LOL!!! Not in L.A. 1 millie gets you a busted up 4 unit.
@Abi-fo3tj
@Abi-fo3tj Жыл бұрын
@@anthonyrussell9706that’s why you stay out of Cali
@andreycham4797
@andreycham4797 Жыл бұрын
When he came there in 1975 it was a Getto
@Karma-hy6ki
@Karma-hy6ki Жыл бұрын
He gets them on a mortgage with a good credit score and refinances it to put it on a 30 year period and Keeps 😊reinvesting the rest. You think ppl pay the full price regardless of how expensive the property usb
@Beltzland
@Beltzland Жыл бұрын
This man is living in his car on his way to the Salvation Army for lunch and groceries. It's Wednesday. Recorded on government phone and uploaded at public library.
@tyemccarty8926
@tyemccarty8926 Жыл бұрын
A mortgage with a 1.5m price tags would be around 11-12k a month and that only covers interest, insurance, and the actual loan payment. So many other factors to play into the total cost as well with maintenance, gaps in attendants, etc
@talalabdul7954
@talalabdul7954 Жыл бұрын
How Tf did you get 11-12k as a mortgage for a 1.5m property? 😂😂😂😂
@henrysantos942
@henrysantos942 8 ай бұрын
What did he put as a down payment?
@tommontreal4821
@tommontreal4821 Жыл бұрын
Anyone with even a minimum of real estate knowledge knows that these numbers are just too good to be true. (If true, he must have purchased this property a long time ago when prices and mortgage rates were lower.)
@ChefJohnnyCia06
@ChefJohnnyCia06 Жыл бұрын
Do not forget any repairs that need to be done as well.
@thefarklenator4518
@thefarklenator4518 Жыл бұрын
Nah why would he budget for that
@TheSaturdayNights
@TheSaturdayNights Жыл бұрын
You know that guy doesn’t do shit
@bobbyfischer6786
@bobbyfischer6786 Жыл бұрын
I live there and can assure you this man has nothing to do with this building
@gregoryblade1483
@gregoryblade1483 Жыл бұрын
7500 in cash flow is nice, but he forgot to include debt service
@proboywantagh
@proboywantagh Жыл бұрын
he did, mortgage and insurance were added to the 9k he quoted along with the managers pay. but he also said he has 1.5 m in equity, so his mortgage is probably lower than we expect.
@joshJ.
@joshJ. Жыл бұрын
I’m going to make a video standing in front of a skyscraper and say I rent out these offices for money and my mortgage is this much ! Then security tells me to leave the property 😂❤🎉
@marineghost17
@marineghost17 Жыл бұрын
😂😂😂😂 the comments nailed it. Buddy just walk up to a random apartment complex and stated maxing a video.😂😂😂
@bryancollins9627
@bryancollins9627 Жыл бұрын
He’s legit.
@lamickens
@lamickens 10 ай бұрын
I sent you a home information, so. Do you have money for your home?
@aaronburt1103
@aaronburt1103 Жыл бұрын
Tell me how you're getting 10 units out of a three-story building
@angelmoreno1141
@angelmoreno1141 Жыл бұрын
I used to live in a 3 story building like this one had 4 apartments per floor
@oaoskey6051
@oaoskey6051 Жыл бұрын
Use your head 🤦‍♂️
@jaime3465
@jaime3465 Жыл бұрын
Have to illegally rent out basements
@packohub1145
@packohub1145 Жыл бұрын
THERE'S A 7 STOREY UNDERGROUND..WITH FREE WATER FLOOD
@gordon4075
@gordon4075 Жыл бұрын
2 floors 4 units ground 2 units. Not hard
@arkadandfortuna1582
@arkadandfortuna1582 Жыл бұрын
This is doable. It all depends the location, city, etc. and everybody on this post is making him money via the KZbin algorithm and viewership. He understands the concept of making money. My old landlord explained it to me back in ‘05, I should’ve listened to him.
@bustafro
@bustafro Жыл бұрын
“Welcome to city wok can I get your order please”
@thecyrusthegreat
@thecyrusthegreat Жыл бұрын
Lol racist
@terryjackson517
@terryjackson517 Жыл бұрын
That’s only if it’s fully occupied, not to mention landscaping and maintenance.
@billhoward5580
@billhoward5580 Жыл бұрын
Did you forget to tell them what happens when the tenants don't pay their rent or pay it 2 months late, damages to the property, law suits, legal fees for evictions etc. etc.
@vanderumd11
@vanderumd11 Жыл бұрын
Yes, that's part of business. You pay insurance... Lost rental income due to damage
@billhoward5580
@billhoward5580 Жыл бұрын
@@vanderumd11 real estate is a horrible investment if you dint have years of back up cash to float it
@vanderumd11
@vanderumd11 Жыл бұрын
@@billhoward5580 no, it actually is proven to be the largest pool of self made millionaires in history. Now if you would like to speak on something other than facts.
@billhoward5580
@billhoward5580 Жыл бұрын
@@vanderumd11 whatever bro they bought all real estate with the money they made from real work as a result of thier endeavors as tax shelters and what not nobody makes millions from real estate they buy millions in real estate from the money the make in real life you do the research real estate wealth is fake its a number on a paper man get real money as in liquid money not asset worth bullshit
@eddygci8
@eddygci8 Жыл бұрын
He probably has some systems in place to help deal with that. And probably that big profit margin has its way of helping
@taniasterling2002
@taniasterling2002 9 ай бұрын
Omg...this is crazy, how many negative comments....how do you all know he's lying....you all don't know...they're just jealous of your success Thach...keep soaring, keep these videos coming, they are absolutely motivating...Thank you Thach.
@keepdreaming227
@keepdreaming227 Жыл бұрын
That’s the way to do it! Once you get over like seven units, cash flow becomes nice
@joshfarris
@joshfarris Жыл бұрын
The missing piece- the entry cost.
@rodromelodies3456
@rodromelodies3456 Жыл бұрын
Show the mortgage documents
@robbyrucker140
@robbyrucker140 Жыл бұрын
Wow, exactly what I want . Well 3 of them. Life goals
@jimbob962
@jimbob962 Жыл бұрын
This guy must be one of those PPP loan scammers, his real estate numbers, the advice he gives, and more just show you he doesn't know a damn thing.
@gladperson116
@gladperson116 Жыл бұрын
That's bs. I owned a couple apartments, and taxes kicked my ass and I couldn't make any good profit...
@OneEyedOneHornedGian
@OneEyedOneHornedGian Жыл бұрын
Assuming all the units are filled and paying at all times.
@tokroni
@tokroni Жыл бұрын
The IRS loves this kind of transparency.
@klinker321
@klinker321 Жыл бұрын
In Canada it will cost you +/-225k per unit to build..
@SP-rr9ed
@SP-rr9ed Жыл бұрын
Then buy in the states?
@RandomeFactsYug
@RandomeFactsYug Жыл бұрын
If there was no subtitles.... no way I would get what he's saying 😂😂😂😂😂
@lisagardner903
@lisagardner903 Жыл бұрын
My husband and I used to own homes and condos and rented them out. That is such BS that he is making that much because he is not accounting for repairs, paying taxes, etc.
@lancemided3251
@lancemided3251 Жыл бұрын
What about when every unit isn’t rented. Or when a bad tenant moves out with damages exceeding their deposit (even if you can sue them there are costs. What about when you have to evict a tenant. What about repairs to the building. The actual representation being made here is inaccurate to say the least. Can you get positive equity and cash flow, absolutely. But that comes with costs and risks that are not mentioned here.
@ag6248
@ag6248 Жыл бұрын
Sir this is a Wendy’s
@tyemccarty8926
@tyemccarty8926 Жыл бұрын
I literally just laughed out loud
@Tweetogreggieb59
@Tweetogreggieb59 Жыл бұрын
All lives matter, so don't hate the messenger, just because he walked up, if the information adds up. Do your own dudelegence.
@jasonbrown4723
@jasonbrown4723 8 ай бұрын
I’m waiting to hear you say “DAAANG”😅 good content!!!!
@Vamanaswastika
@Vamanaswastika Жыл бұрын
This is a very common practise. Some owners even live in their own building basement to cut their own living costs. Live for free. The only thing I always worry about is when a tenant moves out your scrambling to look for a tenant because the clock is ticking for that $9000/ month bill.
@Tayy
@Tayy Жыл бұрын
Nah you just make 8k instead of 9k
@vanderumd11
@vanderumd11 Жыл бұрын
Write off losses
@Vamanaswastika
@Vamanaswastika Жыл бұрын
@@Tayy yeah but to get to 9k it's a big headache
@Vamanaswastika
@Vamanaswastika Жыл бұрын
@@vanderumd11 until someone gets sued when they go on the property. It's a lot of headaches believe me a glamorous side of being a landlord is great but they don't tell you the bad stuff that can happen.
@jaydntplay
@jaydntplay 8 ай бұрын
for all the people who say he “walks up to random buildings”. Thach Nguyen has a real estate portfolio worth over 100 million dollars
@barrygrahamjr2880
@barrygrahamjr2880 Жыл бұрын
Somebody’s drunk uncle escaped the insane asylum again…….🤣
@samacquista3629
@samacquista3629 Жыл бұрын
What are your cash reserves for maintenance and repairs and replacements? Should be about 10% of the yearly gross. That’s $1600/mo. Vacancy rate needs built in. Probably more around $4k/mo net cash flow. Still a nice investment.
@knowthyself690
@knowthyself690 Жыл бұрын
Congrats 🍾. I have many that keep telling me to not do multi family housing or real estate at all. Their fears will not keep me from my shat 🌚
@shanestanton5481
@shanestanton5481 Жыл бұрын
Do it... Just don't believe the numbers this guy is tossing out
@sadisticenergy3178
@sadisticenergy3178 Жыл бұрын
Apartments and houses should NOT be cash generating investments (whats happening to canada is gonna happen in the us at this pace)
@robinccc
@robinccc Жыл бұрын
And when the renting season is over, you pay the mortgage out of your ass.
@Izzy-qf1do
@Izzy-qf1do Жыл бұрын
Renting season? 🤣
@bryancollins9627
@bryancollins9627 Жыл бұрын
He’s in Seattle. Not an issue here
@essenceessential2853
@essenceessential2853 Жыл бұрын
Some of yall need to stop hating in the comment section acting like landlords don't exist. 😳
@rons2525
@rons2525 Жыл бұрын
Wait, I own that building. Get off my lawn
@legacy-builders
@legacy-builders 11 ай бұрын
if you actually do the math it doesn't add up. Typically takes 200k per unit to build he would be around 13k a month for mortage if he built it for 2,200,000 unless he put a lot down.
@marlong168
@marlong168 Жыл бұрын
Damnn man I need to do this!
@zee-aaliyah
@zee-aaliyah 3 ай бұрын
“16-hunnid” Subscribed 😭
@TeslaBoy123
@TeslaBoy123 Жыл бұрын
Hahaha sound good to be thrue 🤯
@KO-zi2xf
@KO-zi2xf Жыл бұрын
He's not mentioning all the headaches, repairs and overall work being a landlord to all those people would create. Still a great job/investment but it's not as simple as he's making it out to be.
@surfboard396
@surfboard396 Жыл бұрын
@@KO-zi2xf You are correct. However he can make the necessary repairs with the positive cash flow he creates. The building looks to be in pretty good condition. If the property is maintained there will not big repairs to make. I do it with properties.
@TeslaBoy123
@TeslaBoy123 Жыл бұрын
@@KO-zi2xf igree i a plumber and i know how landlord dealing with bad tenant many times tenant destroy entire unit after moving them landlord have to spend thausand on repairs that happening very often today bcz rent go up a lot
@stephenswistchew7720
@stephenswistchew7720 Жыл бұрын
The old Scottish saying when someone tells you how honest they are count the knives and forks before they leave your house
@keith2056
@keith2056 Жыл бұрын
And this is why rents are out of control. Again the fact you make almost 6 figures off one building with 6 units is the reason why this whole situation with out of controls is happening.
@Xuepreme69
@Xuepreme69 Жыл бұрын
Ive never seen someone like this dude who is asian, native american, caucasian, mexican, and Italian all at the same time.
@MzBentluvsluv
@MzBentluvsluv Жыл бұрын
Hood China man 😂 dropping gems
@REPDAT5SIX2
@REPDAT5SIX2 Жыл бұрын
They should tax more property owners
@watchthisnow321
@watchthisnow321 Жыл бұрын
And people wonder why rents keep going up??
@scowlermr.r633
@scowlermr.r633 Жыл бұрын
I never understood the Lords of the Land... A market of basic need and someone else can own your home they'll never need.
@cornwallaceiii
@cornwallaceiii Жыл бұрын
​@@scowlermr.r633 whose stopping you from building your own home? Go ahead
@mckricks1
@mckricks1 Жыл бұрын
Awe regretting past life choices? Try not to get more mad when your rent gets increased more.
@yourlogicalnightmare1014
@yourlogicalnightmare1014 Жыл бұрын
Sounds EXACTLY like the Shytti Wok restaurant character in South Park
@mikerosier5945
@mikerosier5945 6 ай бұрын
Guys if you watch his videos you’ll see that he actually built this property from the ground up
@iainbrown4945
@iainbrown4945 Жыл бұрын
This works out to a gross return of 6% on equity Hardly worth the effort Better off with a passive vanguard fund investment at around 12-15% compound
@alexdimov3623
@alexdimov3623 Жыл бұрын
He’s from wa state, he’s legit. Started off as real estate agent (as am I) I know of him. He walks the walk.
@erik_conover.
@erik_conover. Жыл бұрын
Message me 👆👆👆👆on telegram For mentorship on real estate investing
@cm9754
@cm9754 Жыл бұрын
Wow..need thisbin my life..one day at a time. Thank u for awakening this in me thanks again
@LostAccs
@LostAccs Жыл бұрын
This guy is living one of my objectives
@tentedalex
@tentedalex Жыл бұрын
Till all your tents leave and your at 50% vacancies. Then means you lose 7500 a month
@carlosvillalta9974
@carlosvillalta9974 Жыл бұрын
90k a year is what a Dr makes starting out. Not bad man nice!!!
@sunrise4569
@sunrise4569 Жыл бұрын
Yeh, it sounds great, but remember, most Tennant will not pay these days. It is really hard to keep up with it
@TheItrucker
@TheItrucker Жыл бұрын
How much did he pay for the building and the terms of the commercial mortgage?
@jasonjosephlee
@jasonjosephlee Жыл бұрын
The power of real estate investing 🔥🔥🔥
@ceesparxxx
@ceesparxxx Жыл бұрын
$1,650 for unit? Is this Los Angeles or New York City? I live in the Midwest, and we pay $1,875 for a 5 bed room, 3 bath, double door garage, home theater, and fully refurbished basement. Tbh, I originally wanted a place that was a little smaller and cheaper, but after watching this, I'm now starting to count my blessings lol.
@bradj6985
@bradj6985 Жыл бұрын
Wow. those number sound just super until one or two of your tenants decide they don't wanna pay rent and you have to take the three month hiatus on rental income until they're evicted. Or something breaks - like a boiler - or a tenant leaves after taking some of your copper out of the walls or the pipes break or the real estate manager who is also making a living from your units gets creative and starts charging you for work they don't perform. your $7k a month becomes $500 a month and you're thinking - F*ck this, I should have just put my money into bonds.
@thetasqueezeofficial2605
@thetasqueezeofficial2605 Жыл бұрын
$7000 profit in a month. I made $4500 in profit in 2 days trading options. Zero headaches dealing with the other riff raff that comes with rental property
@StopSnatchin
@StopSnatchin Ай бұрын
His ASS aint Take his Medicine Today out here Tweakin again 😂😂😂😂
@suen5006
@suen5006 Жыл бұрын
They never talk about vacancies, repairs, maintenence, other expenses. This "cash flow" isn't all profit.
@fwfeo
@fwfeo Жыл бұрын
You still need at least $200,000 cash, good income and credit score to get a loan for a $1.5 mil property! You can’t skip the first step. $7500/mo cash flow is less than the income required to buy that property, you must be making at least $20,000/mo to get that mortgage probably.
@annahunt8988
@annahunt8988 Жыл бұрын
American Greed this is why so many people losing their home American Greed
@eshodaguila371
@eshodaguila371 9 ай бұрын
Thach I will move to Seattle right now and work for you right now and you be my mentor
@franzruggiero2875
@franzruggiero2875 Жыл бұрын
Love these videos man thank you
@Karim-bn8uo
@Karim-bn8uo 15 күн бұрын
There's something about your video's I can't stop watching
@ice_pube_1473
@ice_pube_1473 Жыл бұрын
And you depreciate the whole building helping you a lot on your taxes
@cjtgolf7361
@cjtgolf7361 Жыл бұрын
A 10 plex near me is easy 4M after that 800k down payment mortgage alone is 18k where am I making money at 16k/month? Times have changed
@GspotPredator
@GspotPredator Жыл бұрын
The newest viettai rap. Spitting bars right there….
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