Making $1MM in Real Estate for Beginners | How to Analyze Any Deal

[@blinpyxa69]

Thank you! As always detailed and informative .

[@therealestategod]

Glad you liked it!

[@Refwo]

dude, insane amounts of value in this !!!! Keep killin it bro !!

[@therealestategod]

Glad you like it!

[@orennasab8357]

Video was great! Can you make a video with a more detailed model?

[@marcuscicero5033]

To get rents to market rate, do you... a) reprice existing tenants (they are pissed) b) evict existing tenants re-rent at market (also pissed off) c) wait until existing tenants leave, then reprice to market (slow process but few people issues) d) other?? Thanks

[@therealestategod]

Personally c but I know people who do all of the above and make money

[@Benji54345]

Awesome, extremely helpful. Will 100% use this thank you

[@therealestategod]

Glad you like it!

[@DW-wf1ti]

These videos are excellently done, I’m not in the industry but learning a lot, thank you for putting these for the public

[@therealestategod]

Appreciate it!

[@Amfm000x]

Amazing video, lots of value! Is it possible to do one for stand alone retail buildings & retail strip malls?

[@therealestategod]

Appreciate it! Can look into doing one for retail.

[@parristaylor1699]

How do you capture construction and post-construction marketing in your vacancy?

[@therealestategod]

I'm assuming you're referring to the downtime while leasing up? That wouldn't be represented in a BOE as it's a snapshot at acquisition and a snapshot at stabilization. It would be represented in a full model though

[@parristaylor1699]

@ Got it! As always, thanks for putting this vids up!

[@timothybracken1728]

Don't you need a good credit score to even get a loan for CRE?

[@therealestategod]

I'm not trying to be mean but if you can't figure out how to have a good credit score, you're not going to make money in anything you do (real estate included)

[@kashmoney9260]

How would you have actually purchased this deal though. Let’s say you went bank loan. If you don’t want to put 50% down you would be cutting the purchase price significantly which the sellers wouldn’t accept. This is what I am running into in my market. I’m either having to put an extreme amount of payment or cut a large percentage off the purchase

[@therealestategod]

1. Put 55-60% down 2. Use bridge debt 3. Use seller financing 4. Have a good relationship with a bank who can get you to ~65-70% leverage by underwriting Y1 rent bumps on the in-place income

[@parristaylor1699]

This is awesome man! The one assumption I struggle is executing rents from in-place to market within hold period. Tenants could stay for very long time and I assume you want to avoid evictions unless necessary? How do you get conviction to be able to turn all 16 units in this case to market rents?

[@therealestategod]

@@parristaylor1699 Leases are typically only 1 year long so the longest you'd have to keep any one tenant is 1 year. Realistically most will have shorter leases than 1 year so you'll be able to get to them even quicker

[@therealestategod]

@@TwistiieHD You can't terminate a lease anywhere in the country without just cause. I'm not talking about terminating leasing in my above comment I'm talking about waiting for them to expire

[@therealestategod]

@@TwistiieHD Then don't buy there