My NEW RENTAL PROPERTY!

Рет қаралды 10,701

Case Lucas Robinson

Күн бұрын

Пікірлер: 48

@chlero_eyes 11 ай бұрын

Once in a while, the algorithm brings forth a channel worth subbing to. And your channel sir is worth it

@ngnlesports 11 ай бұрын

You could have the house held under an LLC, then personally rent your house to the LLC, and the LLC rents to the tenant. You’ll be able to write off the loss on the business and keep it seperate from you personally. Each property can have its own LLC and roll up to a holdings company. Just to further insulate you. Sometimes people have the LLC hold the title, loan, etc; other times people own personally then do it like this. A weathered CPA could help you better navigate that discussion

@s4shawnsedha 11 ай бұрын

Give all that earnings to CPA fees

@copiouscat 10 ай бұрын

Exactly^

@copiouscat 10 ай бұрын

But where can we find someone versed in things like that?

@s4shawnsedha 10 ай бұрын

@@copiouscat honestly, do your own research. If you talk to CPA’s or Risk experts, they are all going to have a bias

@copiouscat 10 ай бұрын

@@s4shawnsedha sigh it’s hard to trust ppl nowadays cause ppl be moving money man and I’m not a big fish I can eat losses like I just hit a 100k salary I’m not tryna get scammed. But thanks. Any good vetting tips or red flags to keep an eye out for?

@roberttatum8818 11 ай бұрын

Case get yourself Land Lord Insurance and make sure any renter you approve have renters insurance that covers the dwelling (meaning your rental) property. Keep vlogging I've learned a lot as well from your vlog. Much appreciated

@Xavierpropertyshow 11 ай бұрын

Videos are getting better case love it

@samuelm214 11 ай бұрын

Love the videos man, I’m 20 and I have been saving over 100k I want to build my first house very soon

@yehorkostyshin7857 10 ай бұрын

How did you get that amount of money in your age?

@samuelm214 10 ай бұрын

@@yehorkostyshin7857 I’ve been hustling since I was around 14 or 15 started cutting grass dipped into a few other ventures as well. when Covid came and we switched to online classes I started doing construction during the day and would do my work when I got home. I’ve been a crane operator for almost a year now and it’s good money.

@samuelm214 10 ай бұрын

@@yehorkostyshin7857 I’m saving as much capital as I can right now I don’t want to work forever. Before I move out and buy my own house I want to already have my business going. I see too many people my age get their money tied down in a house and car payments.

@lifewithjusto7777 6 ай бұрын

How

@MangoMan360 11 ай бұрын

Fantastic mindset.... I like the strategy.... Thank you

@leeroach3381 7 ай бұрын

Very helpful Thank you for sharing

@jonathangarciavalle506 9 ай бұрын

This information right here is worth gold thank you for sharing🙏🏼😊

@jimboflayme 5 ай бұрын

Look into how much you can save on interest if you make extra payments on your mortgage. Possibly a good idea to build and sell to pay down other rentals. Less mortgage means more cashflow.

@jefffaulkner5704 3 ай бұрын

Well done Casey! Inspirational. I’m in the process of a build to sell. Projecting $300k-$400k profit. Wish me luck!

@Toxic_Futures 9 ай бұрын

If you didn’t do all the higher end finishes do you think you could have built the house for under $100 per sqft?

@malkhazvardosanidze 10 ай бұрын

Very nice thank you for sharing videos would be great to meet you closely if it’s possible thanks again 🙏

@CocoliNurseryRhymes 11 ай бұрын

Thank you for great content but i suggest 4 plex approx same price but more cash flow

@zuser12345 6 ай бұрын

With the house appraising so much higher, your actual profit is much larger than the $25K. Built for $264k, could sell for $430K, equity of $166K. The tough part about renting it out is you pulled out that home equity and are paying hundreds of thousands of dollars in interest over the first 15-20 years (interest built up front in loans). If you sold the house and invested the $166K in the market averaging 8% growth, you would have over $800K in 20 years or $1.8 million in 30 years.

@ETheTrucker Ай бұрын

what your missing though is that when he cashed out refinance it’s completely tax free and he can keep building his rental portfolio and housing is only going to keep appreciating.. between rent increases (which he has no money into the deal anymore it’s all rolled into the loan) he has almost infinite cash on cash return with the rent.. and probably a 3-6% appreciation in value. But the key is that every time he builds he can pull that money out and the profit is completely tax free and has his initial investment back

@ETheTrucker Ай бұрын

I do feel though he should’ve just waited until interest rates dropped though until he had a cheaper interest rate and stayed with the cash flow instead of losing money every year.

@itsalgarcia 11 ай бұрын

Beast

@badgerresistance4322 10 ай бұрын

27,000 for the lot??? That's unheard of in that area. Did you have a realtor help you find the property or just drove by?

@Chenellemade 9 ай бұрын

Yes he will still have the full loan balance on the house to pay but if he uses this as a rental solely it’s basically a free paid off asset in 30yrs , minus the -350$ cash flow which will offset itself after the first 5 years . The renters pay the mortgage while he simply holds the loan in his name taking the all responsibility and risk . If done correctly with no vacancy he won’t have to pay the mortgage at all. He could choose to sell and make the quick 166k profit but he’d have to do this a few times to buy or build that same house cash, which he still can do in the future . Both are good options but in my opinion it’s better to have the “free” asset then risk having to find more land build deals that may not be as profitable the next time with how the market can be .

@Bjb993 10 ай бұрын

Awesome video, helpful info, and beautiful property. What happens to the refrigerator when the tenet moves out, do they take the one they buy with them?

@吕雯雯-o1j 6 ай бұрын

Mr. robinson , I have been watching your videos again and again , I have a question , I am ready to build a quadplex here in Charlotte , but I don’t have enough cash to build . I heard of that chase small business card with no interest can fund you . And there is a online resource wishing to help but they charge 10K for the commission . I just wanna know if there any tip that I can apply by myself without risk of failing… can you share a little bit on this part

@PaulBodyBuilder 11 ай бұрын

Nice

@KhalilTomlinson Ай бұрын

What state is this in?

@carlosruffolo7413 11 ай бұрын

What is the size of the building in square feet?

@ChrisCollinsNYC 11 ай бұрын

So you paid for a house and then went and took a cash advance against that asset with a mortgage?

@sameng7003 11 ай бұрын

Hey Buddy.. That's Amazing.. How to Talk to you ?? ❤..

@user-ir4we1nb8f 9 ай бұрын

Excuse my ignorance but I don't understand. How is that a profit if it's part of the bank loan?

@Chenellemade 9 ай бұрын

I had the same question but I figured it out! Yes he will still have the full loan balance on the house to pay but if he uses this as a rental solely it’s basically a free paid off asset in 30yrs , minus the -350$ cash flow which will offset itself after the first 5 years . The renters pay the mortgage while he simply holds the loan in his name taking the all responsibility and risk . If done correctly with no vacancy he won’t have to pay the mortgage at all. He could choose to sell and make the quick 166k profit but he’d have to do this a few times to buy or build that same house cash, which he still can do in the future . Both are good options but in my opinion it’s better to have the “free” asset then risk having to find more land build deals that may not be as profitable the next time with how the market can be .

@freedommmc 3 ай бұрын

Insurance and taxes will double

@johnnieboy3458 11 ай бұрын

Do you have problems with tenants?

@jevonjc4631 11 ай бұрын

He hasn’t been at it long , so not yet

@johnnieboy3458 11 ай бұрын

@jevonjc4631 oh good yeah I would hope a credit history and background check would help

@joshhernandez2144 10 ай бұрын

I like your videos but you would have been better off keep knocking doors and have zero debt. Seems like a lot of work and risk for 25k profit. What happens if you can’t pay the payment? Do they just take the house or sew you ?