I think the biggest issue for most people is the 25 percent down payment
@CommercialPropertyAdvisors Жыл бұрын
There are several ways to solve that problem, as described in this training: 6 Ways to Raise Down Payment Money for Commercial Real Estate: kzbin.info/www/bejne/iqavaKagi62cZtE
@Dud-in9iu Жыл бұрын
I agree. While there are ways to get the down payment without using your own savings, all those methods require reducing the profitability of the deal. It's still better to take on investor money, govt programs, HELOCs/HELs, etc. then to never get started, but part of Dave's quick success was due to the fact that he already had hundreds of thousands saved up to use as a down payment. He would have been successful with or without that money, but it would have taken double the time or more.
@Dud-in9iu Жыл бұрын
Great video, I love CPA b/c it is straightforward; he doesn't use click bait or get rich quick schemes. This channel is the real deal. Just straightforward information that can be applied by anyone who is focused and willing to do the work.
@stevelanz Жыл бұрын
Awesome Job Dave!!! $6M+ in holdings and $600K passive annual income in such a short time from scratch with all multi-families under 10 units! Obviously your mentor shared the ins/outs that nobody in networking ever shares!
@natecity5930 Жыл бұрын
Dave. Enjoy walking into your blessings on a daily basis. It will take you places
@holidaygiftmall25178 ай бұрын
Congrats Dave and Peter! I know with Peter's training and hand-holding that's the reason Dave is doing so well, as he started off as a beginner. 👍
@Normet2 Жыл бұрын
I agree with what he said! Thanks to you I have 4 pages of notes on NOI, ROI, COC, CAP RATE, DCR....huge thank you!
@mariaconnolly82123 ай бұрын
This is a wonderful successful case! Congrats Dave 🎉
@anthonymichaels5364 ай бұрын
High 5 Dave. Mr Harris, your instruction is appreciated, Sir. Your mentorship quality is so clear, you leave out no details. See you as soon as I get through your videos.
@CommercialPropertyAdvisors4 ай бұрын
Wow, thanks
@user-ee6gs9qq2s Жыл бұрын
Congratulations Dave on building a portfolio, awesome job. 5yrs, 7 properties, 6mil & $600k income. Looks like you've built a nice retirement nest egg in s short time period. Again, great job!
@Dud-in9iu Жыл бұрын
The only thing that is misleading about real estate is there is no way to determine what someone is making based on the value, amount of properties, or rent roll. He could be making $1 billion/day and still not see any cash flow from that. $600k in rent does not mean $600k income like it does from a job. I'm sure he is doing very well as he seems to be an intelligent man; I just wanted to point that fact out since most new investors or non-investors don't understand that component of REI.
@demoid018 Жыл бұрын
Can you make video how to read balance sheet and how to make with example and comperision between two property explain using balance sheet.
@Kris-ku3xr3 ай бұрын
Congrats Dave! This is so inspiring…. Looking forward to doing this.
@indestructiblegold9888 Жыл бұрын
Congrats Dave! And thank you so much Peter! I've been watching your videos and really learned a lot and still want to learn more.
@markbell4349 Жыл бұрын
Way to go, Dave! Thank you for sharing and being an inspiration
@adamholbrook2281 Жыл бұрын
Great job Dave. Way to take action! Thanks for the video Peter and for your guidance and coaching.
@vanessadavis5223 Жыл бұрын
Congrats Dave ! Great inspiration and your commitment to the process with CPA. Appreciate your perspective and sharing your key points ! Keep growing that portfolio 🙌🏽🙌🏽
@ROKMuzic Жыл бұрын
Congratulations Dave!
@kuphreyeshiet4465 Жыл бұрын
Way to go Dave, congratulations
@jcabral6231 Жыл бұрын
Congrats Dave !
@kevinwilliams895114 күн бұрын
Love it dave congrats
@senecakamau4105 Жыл бұрын
Congratulations Dave, you’re an inspiration
@javedsiddiqi7637 Жыл бұрын
Thanks Sir..for educating us
@user-uj3vb7ry4g Жыл бұрын
Congratulations Mr Dave & Family!
@brizzletunde5373 Жыл бұрын
Congrats Dave
@EdwinQuintanilla Жыл бұрын
Congratulations 🎉😮 Dave
@jbzzey9 ай бұрын
I'm late, but congrats Dave!
@rpietryk4690 Жыл бұрын
Great Dave, love your temperament as Andy Tanner says.
@TheDreamMaker100 Жыл бұрын
CONGRATULATIONS Dave 👍
@ll4960 Жыл бұрын
Mr.Harris And Dave thanks for this Educational Real Estate Video.. I Look Forward To Getting In The Field And God Willingly Have The Opportunity In Meeting My Real Estate Comrades
@amusan28 ай бұрын
Great job dave
@Divine1906 Жыл бұрын
Congrats Dave. You're and inspiration!
@erickcoley7554 Жыл бұрын
Congrats, Dave
@lizn9324 Жыл бұрын
Congrats Dave! Your journey in commercial real estate is so encouraging! Is there a way to get in contact with Dave to ask some questions?
@XLChief Жыл бұрын
Congrats Dave!!!
@BasicAndSimple Жыл бұрын
If i could give multiple thumbs up, i would
@javedsiddiqi7637 Жыл бұрын
Thanks For sharing the experience
@pillarcloud8266 Жыл бұрын
Priceless information
@bellah.8796 Жыл бұрын
Great job!!
@corryhardin4246 Жыл бұрын
Nice job Dave 👍🏽
@tylrchnlt7 ай бұрын
Good work, Dave?
@craiglowther9485 Жыл бұрын
Also, where does one find multi-family listings? Zillow? Trulia? and a broker who will work with someone new to real estate?
@user-ke4tb2vv7s Жыл бұрын
nice job ;-)
@erickcoley7554 Жыл бұрын
Agents!
@yvensjean-noel784 Жыл бұрын
Congratulation
@docimma Жыл бұрын
What type pf debts and credit score did he have when he got his first unit?
@CommercialPropertyAdvisors Жыл бұрын
He didn't share that with us but our guess is that his credit score was decent. The property itself is why the local bank funded his first deal, not his debt to income ratio.
@docimma Жыл бұрын
@@CommercialPropertyAdvisors Did the bank feel that the property was more investment worthy than others?
@CommercialPropertyAdvisors Жыл бұрын
@@docimma Learn more about how multifamily/apartment loans work here: kzbin.info/www/bejne/ipamfqiEqNRnsNk
@docimma Жыл бұрын
@@CommercialPropertyAdvisors where is the answer to the commercial quiz in the posted video link? Which loan is better (Local bank, Fannie Mae, NCSC)
@Iamjamessmith1 Жыл бұрын
😃
@Justmehellogoodbye Жыл бұрын
Love the videos but please get a 💡 We want to see that handsome mentor