OUR REAL ESTATE INVESTING JOURNEY 🏠 How We Bought 15 Rental Units (Out-of-State Investing)

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In this episode, I go over our real estate journey and how we've purchased 15 units! Some of y'all wanted to know more about how we got started, so we go over our first investments and more. We're also currently in escrow for 5 more units, so I'm super excited! We hope to continue building our portfolio.
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Disclaimer: Some of these links above are affiliate links which means I may make a commission if you use the links at no extra cost to you. This will help support my channel! Sharon is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.
While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Sharon Tseung is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.

[@jamalraymond1074]

Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Karim Elias Karim earlier this year because while others were busy whining about the downturn I was busy cashing out finally making over 370k only for the first quarter of the year.

[@CatalinaTaylor-gt5jx]

Thank you for sharing your success story. I immediately typed in your coach's name to discover him on Google. He's simple to deal with, and his signals are excellent as well.

[@peterstilwell7953]

@@CatalinaTaylor-gt5jx Working alongside Karim Elias Karim has taught me that quitting bad habits, such as procrastination, distractions, and doubts, would significantly increase your capacity to accomplish your life's objectives and accumulate savings for investments.

[@lynnpeterson3763]

@@rachellovescats8481 Although there are plenty of chances on the financial markets, I've learnt enough over the previous few years to be skeptical of that. Knowing where to focus is crucial. I admire you, Karim Elias Karim.

[@aarnavfarhan8737]

@@julioSmith-xg6hp Yes, he is incredible. We are now making more money than ever thanks to the stock and bond investments he taught us how to make. I'm pleased with my current portfolio of $30,000. I began this trip with $4,000 in my bank account. I made the correct investments at the appropriate time, and now I have time for my family and the future. Regards, Karim Elias Karim

[@rachellovescats8481]

@@aarnavfarhan8737 I just searched His name on Google and found him easily, how have I been sleeping on this!

[@jessicaftw9564]

You guys are such an inspiration!! I’m currently 22 and I can’t wait until I’m done with nursing school to invest in real estate! She’s a baddie!

[@christoefur8891]

$16k for a property renting at $650 is insane! Thanks for sharing these huge wins.

[@SharonTseung]

It looks like it’s gonna be another 14k ish in repairs, but still good! 🙌 no problem!

[@christoefur8891]

@@SharonTseung still super cheap!

[@twincherry4958]

@@SharonTseung where on earth do you find that kind of property

[@pattychan818]

If real estate is that cheap, I don't think you can find a renter paying $650/mo because if you were to buy it with a 20% down, 30 yrs at 3%, monthly mortgage is only $54!

[@jonassainthilaire4411]

@@SharonTseung Can you disclose who this real estate agent is and what property manager you guys use? You guys are very inspiring

[@angeldiaz4164]

I truelly enjoy your vids thank u for all ❤ best of luck guys.

[@SharonTseung]

Thank you!

[@MalluStyleMultiMedia]

Luck and timing also play a role .. I bought my first property (a condo) at 19 thinking I was going to be the king of real estate 😂.. in 2006 .. for 140k.. then the market crashed .. my property became 30k the following year 😂😬 .. most people went through foreclosure but I didn’t .. I was under water for 10 years.. association fees went from 150/month to 490.. I lost big time but survived and learned a lot about money and life .. my friend on the other hand started investing from 2008 now has 50 units rented out

[@howmanykisses]

Hey, what town was first condo purchased?

[@MalluStyleMultiMedia]

@@howmanykisses Des Plaines.. right next to the lottery office and Sheriffs department

[@dannynim414]

Great video. Since you and Sean invested many out of state rental properties, don't you have to hire management company and also dealing with out of state income taxes filing? Of course tax CPA help but with huge expense. How do you both minimized these expenses in the future?

[@winnieguan7295]

Thanks Sharon & Sean for sharing your journey, very inspiring!!

[@CalebAdams]

So happy for y’all, you’re killing it an inspiration to me! Wanted to ask your thoughts on townhomes as rental properties?

[@michellesun-forbes30under38]

You two are building an empire! Wow!

[@SharonTseung]

Thanks!!

[@pattychan818]

Information video but I have so many questions. What is your profit margin with all your properties and how many hours do you put in each month? Also, are all the properties generating positive cash flow? I am amazed at the price of these properties and the cheap renovation costs. How do you address repair and maintenance? The expense of hiring a property manager and contractor will greatly reduce your profit margin. Is this model of buying rental properties all in different state sustainable and profitable?

[@wuhao380]

Sharp questions

[@huangtianrui1832]

I’m also very curious about the cost impact of having investments in multiple states.

[@wangjungmichaelpuma356gmai3]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding. Trading with Mr Michael Puma have really help me a lot. with his strategy and predictions are so accurate. Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.

[@andrikguardado6705]

Interesting thank you for giving me a insight on ur journey making mine a little more clearer

[@ShwanaSuiter]

Great Info! This is what I needed. So confused in how to begin.

[@luanaceron8689]

Hi Sharon! You guys are awesome! Building generational wealth! I’m a realtor in Columbus Ohio. If you are ever interested in investing here I will be happy to help you!

[@12kaiza]

Hi My husband and I are interested. Can you contact us?

[@peggywu9624]

Thank you for sharing! Love the video!

[@newvibes789]

Really enjoyed your videos. Your videos are a break from the status quo! For the properties out of state, are y'all traveling out of state to go see them in person or just relying on photos, inspections and property managers?

[@MalanaBouarouy]

Such a great informational video. This really motivates me to start my real estate investing journey soon! Wishing all the best for everyone else hoping to do the same ❤️

[@Bung_26]

This is so motivating. Can you suggest any books or podcasts that helped you ?

[@bolyvang3495]

New sub here! I’m absolutely love this video. My husband and I are working on saving up for our down payment for our first rental. I can’t wait til we can make a video like this!

[@wangjungmichaelpuma356gmai3]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding. Trading with Mr Michael Puma have really help me a lot. with his strategy and predictions are so accurate. Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.

[@GermaineKabushemeye]

Thank you Sharon for sharing

[@JoeyChalhoub]

this channel will be huge

[@TalencioJamaican]

These are so inspirational. OMG I wish I was ready in this amazing business. I can't even save 1k in my country. We are dead broke

[@jesswhite8087]

You guys are awesome. Great job Sean

[@marinamazilescu7721]

Ever invested in bitcoin before ?

[@justinmirche]

Really great info!

[@yasseinvlogs5585]

Hi i wanted to ask a question, Do I need a real estate company and a team (attorney, real estate agent, advisor, etc.) before my first real estate investment or could I start on my own just by buying, renting & selling?

[@LDD143]

Thank you guys for sharing your journey. I came across you guys very recently. Already fan of you both. Thank you.

[@wangjungmichaelpuma356gmai3]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding. Trading with Mr Michael Puma have really help me a lot. with his strategy and predictions are so accurate. Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.

[@MalluStyleMultiMedia]

Excellent video

[@erin2150]

I think there are programs that allow you to count your college time towards time spent at a job if you are employed in the same field as your degree. This was the case at least a couple years ago when I was studying for my RE license in CA.

[@jamesbeckham4006]

When you guys talk about these out of state purchases, PLEASE tell us the city!!!!

[@maxmonahan5934]

Good video, just liked! :) Keep up the great work!

[@sharontseung7730]

Message me on W.....H......A......T........S.......A.......P +..1....5....2.....0.....3.....3.....6.....4.....0.....5

[@alexisascencio9397]

Couple goals!

[@ethanhanes9005]

This was an amazing video! I had a question, how did you build enough savings to originally purchase your first unit?

[@ibobpebplaub9354]

They already rich, their money is finance by their mom an dad.

[@sbadrawi2011a]

You just need enough money for the down payment, something like $10,000. tenants are supposed to pay the mortgage. Yes, it can be risky.

[@SiiNTi]

@@sbadrawi2011a it is risky if the mortgage is high isn’t it? When is a good time to buy a a house? Should I wait for the housing market to crash?

[@kmydesire12]

Hi Sharon I really learn a lot from your channel. Can you share with us how learned so much and what can I teach my teen son about finance so that he can purchase his first rental property when he’s of age?

[@SharonTseung]

I’m glad you like the channel! I have playlists on KZbin so you can check for personal finance and real estate educational content! If you want the step by step curriculum I have 2 offerings - Rental Ready Finances which is half off during its launch sale right now. It teaches personal finance to help you afford the down payment on a property. And then Remote Rental Riches which is to help you buy your first rental. Hope that helps!

[@CV-bc4oj]

Great video! Who’s the agent you worked with from BiggerPockets? I need an agent like that.

[@corpuzone]

How much exactly or ballpark estimate would one need before investing in properties? I want to get into real estate but I lack capital.. on your guidelines you indicated you should have capital first. Should we save set aside some money? Lol sorry I’m new to the entrepreneurial world which I want in the near future 💵

[@na-cp9kp]

Always learning something new from you! Thank you as always! More power to ya!

[@SharonTseung]

Yay I’m glad!

[@jonassainthilaire4411]

Can you disclose who this real estate agent is and what property manager you guys use? You guys are very inspiring.

[@rcannon88]

Nice content

[@christinamurra3266]

How much do you typically make on a four-plex per month?

[@tammycl5]

Ayyyyyyye Jacksonville....I you need any help in the area I am a local realtor in that area.....My question is when you are buying out of town how do you know if you are buying in a good area, that is my fear??

[@scottparker1010]

Good Video, I'm kinda motivated with it, I invested in bitcoin and it's favourable to me

[@jaspergrey7592]

Exactly, You're right.

[@vincentlycan6645]

I know that bitcoin is really profitable, I have been making cool cash with it.

[@jonescorbin1438]

Bitcoin is really paying now, the rise of bitcoin has changed so many things for good.

[@kyliejulie6068]

You should be considering getting yourself a good broker for your trade.

[@wisdomoliver818]

What a small world we are, I thought I'm the only one that knows Expert Frank Robin of Anderson school of management.

[@allenzhu3726]

question when you invest out of state if you have 1 property manger can they manage out of state property?

[@LgKrazy101]

Can you disclose who this real estate agent is and what property manager you guys use? Love the vids

[@gorang2906]

Zelensky

[@huyCali68]

Thanks for putting together this video guy ! where out of state would be good for investing right now guy? I find that in California it is hard to have positive cash flow. Thank you for your guidance

[@jakethehitman-187]

Very inspiring

[@thelexyshow]

Do you guys purchase in your names or use LLCs?

[@TheSkyeisBlue]

I am assuming that you outsourced the renovations to contractors--do you have any thoughts/experience between outsourcing and doing it yourself?

[@fififinance7469]

Thumbs up! Keep churning! 👍

[@SharonTseung]

Thanks!!

[@simrankaurkhurana]

Great video! Which cities have you purchased those properties in?

[@bunchie252]

Good Evening What books did you read in your real estate journey?

[@eliteballer15]

How did you get a loan on a property under $50k? I’m having trouble finding lenders.

[@sharontseung7730]

Message me on W.....H......A......T........S.......A.......P +..1....5....2.....0.....3.....3.....6.....4.....0.....5

[@ae419]

What are states are good right now to get into? I am looking for multi unit out of state (Ca) ?

[@savann.sun1980]

Talk about issue and repairs and the hustle. Kuz fairytale doesn’t exist. How do you deal with late payment or bad tenant?

[@heavyizthacrown-5842]

I wish these videos were 5 minutes MAX!

[@mikamichellestewart]

inspiring and informative! thank you!

[@SharonTseung]

Thanks for watching!!

[@moneytalkswithjonathanthom4150]

Yall got me so hungry lol.. im ready for my first one

[@loverose329]

Could we get a booklist from Sean please??

[@GIZZMOTORSPORTS]

Houses in my area start at 2 million. Decent 1 bdrm apartments are 600g. Rent won’t come close to covering costs here.

[@magictacoboy]

I need to quit being scared and start investing out of California because man I am on my 3rd renta property l in napa valley u can imagine the price on them but that's because I am only buying around were I live to keep eye on them 😄

[@kanhakool1335]

I wondering, where can you buy property with $23,000?

[@ThanhNguyen-ct1ks]

Do you use Property Management run or you run it by yourself

[@emssandiego8138]

Hello, do you also invested overseas? I’m originally from the Philippines. Having a passive income is also my dream.

[@jenniferzhang4958]

Could you please share which state and cities you guys are buying these properties? Thank you

[@HN-db5cn]

Usually southern states are reasonable prices

[@NikkiCastillejo]

Hi! I would really like to advice you to look into ; tax deeds!

[@jaysousa4779]

Everybody has a course now, I bet you have a podcast and a book lol

[@vunguyen6971]

Would you please send me the information of the agent? Thank you

[@1213009]

Hi, who is the agent?!

[@priceandpride]

who is your agent?

[@AlyssaMalliae]

Amazing video! Do you visit these out of state properties? Or do the property managers just take care of everything? How do you know that the renovations and everything are being done properly if you're out of state?

[@xmistaxcashxcoll]

its is the pm responsibility

[@leakhenaeng247]

Hello what is the agent ‘ s name ? And what city he lives? I live in Houston Texas

[@fuelmov2263]

What do you guys think about buy condo?

[@HN-db5cn]

Robert kyrosaki said one of the worst investment

[@AyyeMikey]

I’m from Antioch 🤗

[@simplecookingwithsuja6371]

Hey , I am an aspiring investor as well. Would you mind connecting me with you investor mindset realtor from bigger pockets! I would really appreciate it! Thanks, Suja

[@pfchao98]

Awesome videos! I'm in Sacramento and looking to invest out of state. I've been reading up on FIRE and REI for the past year now and I hope to purchase my first rental property within the next 2 years. Do you have any advice on getting your significant other on board? The wife likes the idea of passive income through REI, but she's not serious or committed; how do I convince her that we need to invest $30-50k. Also, how much would you say you have spent out of pocket on your 15 units? Thanks :)

[@sharontseung7730]

Message me on W.....H......A......T........S.......A.......P +..1....5....2.....0.....3.....3.....6.....4.....0.....5

[@babolat435]

What states are your properties in?

[@jasnicole7391]

Hi Sharon - was your first home bought as a primary resident (type of loan/mortgage) although you ended up renting it out? Then all the others were bought as rental?

[@SharonTseung]

They were all bought as rentals!

[@jasnicole7391]

@@SharonTseung Thank you!

[@TuanNguyen-us3yo]

how the hell did u guys getting so good deals like that? I'm lucky to get a 1 bed 1 bath apartment with 300K :))

[@RM-el2uc]

The boy is moving only his eyes 😂

[@ameliabanks9717]

Hello

[@kellyparedes7151]

Do you need a real estate license to be an out of state real estate investor ?

[@HN-db5cn]

No

[@zhangying5416]

Bitcoin is the feature investing in it now is the wisest thing to do now especially the current rise

[@bellanoah4972]

That won't bother you if you trade with a professional like Mr Benjamin

[@aexandrus9307]

I heard that his strategies are really good

[@whattsapme7896]

Yeah My first Investment with Mr Benjamin earned me profits of over $24,320 US dollars and ever since then he has Been delivering

[@wangxiu8744]

His success stories are everywhere 😱

[@rhondafrankincense315]

Trading crypto with Expert Benjamin has being a game changer for me

[@wagrealtyllcnorthcarolina7726]

Bet that brother feels bad for not keeping it or getting paid back with interest

[@u2fkeys665]

Tried to find his channel and cant.

[@SharonTseung]

kzbin.info :)

[@AdrianButler86]

Who's the agent? Lol

[@aightsteve]

A $16,000 house?

[@soniaava9464]

Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy

[@kareemserifat7235]

Who's this professional everyone is talking about I always see her post on top comment on every KZbin video I watched I think I'm interested how can I get in touch with Mrs Anna

[@davidjack9477]

A friend that I referred to her just received $7,050 profit after 10 days of investing....I became jealous.. lol

[@rusielisabeth3884]

expert mrs Anna has been managing my trade for months and I keep making profit every week,made $9,130 last week

[@johnmark8916]

You can reach her via WhatsApp.👇

[@johnmark8916]

Oh sure ±➀➄➀➇➂➀⓪➁➁➁➂🇺🇸

[@jpprivatechannel7381]

Hi 😊 I've got a problem with the 1 or 2% rule. It states that for a $200K property, you would need to have a monthly rent income of $2000-$4000. But here in Europe, there's no one who would ever pay that insane high rent for a $200K property. It would be more around $600-$700. I don't know how people think in the US, but paying $1000 rent on a $50K property, they're otherwise on heavy drugs or don't know anything about money. Hopefully you can clear this out for me 😁 because if this is the reality, I'll start my US visa application, move there and buy half of California haha. No just joking, I would never exploit people or make use of their lack of knowledge. Bcuz I like to have a good sleep at night 😊 and walking with my head up in the street

[@orohana6622]

the voosh sound every second is so bad for real

[@voice384]

God please give me and who ever has faith on getting a better life this opportunity pleasee. In Jesus name I manifest!

[@jasnicole7391]

How was your boyfriend able to afford 77k in cash?

[@SharonTseung]

Boost your income, lower your expenses & save as much as possible, invest in stocks/Index funds/ETFs, build side hustles! Just like what I do!

[@user42591]

how are you finding homes for under 100k lol

[@jordansylla3785]

Is there a way to get the contact of that agent from BiggerPockets that was able to help you find these amazing deals?

[@gorang2906]

Zelensky