$10K/Month Passive Income by Buying The Houses 99% of People Won't

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  • Опубліковано 26 вер 2024

КОМЕНТАРІ • 131

  • @dionmcneeley7859
    @dionmcneeley7859 Рік тому +11

    When it comes to investing at a distance I would love for you guys to have Millennial Mike on the show.
    He’s a first responder. Killing it. Lives in a HCOL area. House hacking as a single parent. But then investing out of state.
    I’ve learned a ton from him.

  • @michaelmansour6326
    @michaelmansour6326 Рік тому +20

    Glad this is working out for her... for now. With 20 vacant (10 are flips?), that is a lot of risk if something happened with the market. I remember so many investors caught with their pants down between 2008 and 2011 and lost everything. We may not get to that point again, but a little too much risk going "all in", so fast, like she is. She is very young with time on her side. Slow it down a bit I'd say. Partners and investors can make things really messy too. Good luck though.

  • @phil1954
    @phil1954 Рік тому +12

    Man she said 45 units I was wondering how and then she said she had partners for 36 and now I understand.

  • @fiof
    @fiof Рік тому +5

    The whole time he has this "why did I invite this brat here?" expression. 🤣

  • @DanKohan
    @DanKohan Рік тому +4

    Your story is awesome! Your way of finding good deals in affordable areas and changing short-term rentals to medium-term ones is smart. Keep up the great work!

  • @kampaninipot9846
    @kampaninipot9846 Рік тому +5

    You are an inspiration to many people! Way to go! Congratulations!🇵🇭

  • @StephanieNBollinger
    @StephanieNBollinger Рік тому +4

    Nice... I love the gentle confidence in her!

  • @ny8593
    @ny8593 5 місяців тому

    It is one of my favorite podcasts. Thank you, everyone.

  • @carriemanchester-to7yt
    @carriemanchester-to7yt Рік тому +25

    I find it so difficult to listen to young investors who truly are still finding their way to explain details, she just stated investing, people are giving her money? The mid west sucks for cashflow. I can’t take these kids seriously, Influencers these days 👱🏼‍♀️come on BP get some actual talent not influence.

    • @cominhomewithjohnalan9103
      @cominhomewithjohnalan9103 Рік тому +2

      What part of the Midwest do you invest in?

    • @carriemanchester-to7yt
      @carriemanchester-to7yt Рік тому +9

      I’ve exited from 35 properties in Cleveland, Kansas and Michigan. 1031’d into Florida, Texas and California. Cashflow and appreciation.

    • @cominhomewithjohnalan9103
      @cominhomewithjohnalan9103 Рік тому

      @@carriemanchester-to7ytok. Some people are making it work in the Midwest, though. She seems to be doing well.

    • @carriemanchester-to7yt
      @carriemanchester-to7yt Рік тому +1

      @@cominhomewithjohnalan9103 I understand what you’re saying but she’s cashflowing $200 a door. I was a travel registered nurse formerly from Cincinnati. I can promise no travel nurse is paying 5-6k for a month for a place to sleep.
      In reality, it’s a new Investor still trying to figure things out rightly so she’s sharing it the world but there’s an incredible amount of nuances, especially in the medium term rental space. Something doesn’t add up.
      David’s perspective at the end is what experienced investors who have lived through 2007 managed to make it through ok the other side know that many new investors especially in the last 3 years of real estate ( which have been the easiest out of literally the last 3 decades)

    • @DarrellEssexdoubleteam
      @DarrellEssexdoubleteam Рік тому +2

      @@carriemanchester-to7ytjoakim Noah said it best, who goes to Cleveland? You kinda went to some crappy places in the Midwest. I’m killing it in and around Chicago and looking into St. Louis.

  • @tammyrussell-rice5508
    @tammyrussell-rice5508 Рік тому +14

    Sounds like a recipe for disaster: two partners, active investors, silent investors, equity investors, interest only investors and other players. What possibly could go wrong?! LOL My question is who actually controls the purse strings in these deals? I hope Soli has set up checks and balances so as not to ultimately get ripped off by her so-called partners. From what was said, it seems to me the only person actually making money is the partner who owns the property management company.

    • @Encore-Entertainment
      @Encore-Entertainment Рік тому

      Remember with Great Risk, Comes Great Rewards!

    • @angelsegarra1135
      @angelsegarra1135 Рік тому

      ​@@Encore-Entertainmentof course she does, that's why she favors silent investors. They get a cut of profits, but no voice.

  • @AutomotiveAnatomy
    @AutomotiveAnatomy Рік тому +37

    I respect the hustle from the guest but I would have to go with Greene in a few points. San Francisco lost percentage on “commercial” real estate and Not residential. Also, she is a social media marketer who uses others peoples money to buy real estate…syndication. Lastly, she is right about CA and small business challenges. Do not just say a city is “lively ” and not move there. People talk negative about CA but stay here, super weird. Overall, good podcast.

    • @AnthonyEvans-mf1uw
      @AnthonyEvans-mf1uw Рік тому

      P

    • @twocds4751
      @twocds4751 Рік тому +5

      Cali is garbage other than the job market and climate.

    • @mediaboyz9848
      @mediaboyz9848 Рік тому +3

      yep as a California OC native its sad to see what they've done to the state

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      No turnkey for sure... we're supposed to be investors

  • @jeronimobeta
    @jeronimobeta 7 місяців тому

    I like that. Buying turnkey at the beginning is buying confidence and experience.

  • @yootoobur101
    @yootoobur101 Рік тому +10

    David’s definitely not putting up with the GenZ school of thought in this one

  • @lazerusmfh
    @lazerusmfh Рік тому +1

    I’ve got a deal but not sure to do it… 20%down 7% interest seller financing.. I set the purchase price but I gotta finish the home… finished will be worth 1M+ but needs plumbing hvac drywall 😬 could buy close to 1/2 price but I don’t want to lay out 100k cash and need to put in another 100k cash to finish plus the monthly payments, though I’m just under 45k/mo residual atm… long term Reno scares me a bit

  • @tonychang-g7n
    @tonychang-g7n 5 місяців тому

    The main issue with cheap houses like $100k is the quality of tenants in c class. One eviction will kill any profit for the year.

  • @Journeywithgailc
    @Journeywithgailc Рік тому +1

    Great show can you advise me which of your books that I need to purchase to learn the strategy of how to buy out of state?

  • @GregMunro
    @GregMunro 11 місяців тому +11

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

    • @TrentReeves-c2k
      @TrentReeves-c2k 11 місяців тому

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

    • @GregMunro
      @GregMunro 11 місяців тому

      Hi , please who is the expert assisting you and how do I reach out to them?

    • @TrentReeves-c2k
      @TrentReeves-c2k 11 місяців тому

      The broker I'm in touch with is *ASHLEY AIRAGAHI . I came across her in a Bloomberg interview and got in touch with her. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

    • @GregMunro
      @GregMunro 11 місяців тому

      Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing

  • @AbiMuy
    @AbiMuy Рік тому +5

    First time David Greene is not talking much... how come?!?!?!

    • @jgwilliams67
      @jgwilliams67 11 місяців тому

      He had a deal go bad. 😊

  • @gregorylewis9442
    @gregorylewis9442 Рік тому +5

    Awesome 🤩. The part about working your whole life and investing in 401K which goes into the stock market! Like the Alanis Morseiet song " He waited his whole life to take the plane Ride and the Plane crashed down, " Isn't it Ironic." Make Life happen, don't wait for others to tell you what to do!🤩

  • @richardclemson4767
    @richardclemson4767 Рік тому +7

    Cool to hear her story, but I think this is more to show credibility to her followers for funding.

  • @Cwwwwwwwee
    @Cwwwwwwwee Рік тому +2

    Rob really makes these easy to watch despite this market!! Thanks for keeping it real Rob!!! (Secret robuilt air bnb fan here too)

  • @AlinaLopez-vz9qp
    @AlinaLopez-vz9qp 11 місяців тому +4

    Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

    • @CollinJon
      @CollinJon 11 місяців тому

      I curiously just checked the portfolio-coach you use Lisa Ann Moberly, her resume is topnotch, exactly what I need to stay afloat this crazy times.

    • @CraigMarsh-hu7pf
      @CraigMarsh-hu7pf 11 місяців тому

      I usually don’t take online recommendations, but this Julie advisor seem to know her stuff, just went through her website and I booked an appointment.

  • @hagi2013
    @hagi2013 Рік тому +2

    Are these properties getting bought in LLC

  • @midwestworkshop2863
    @midwestworkshop2863 Рік тому

    I like the one with the stairs to the next floor. Wouldn't even be upset with the price if each was sitting on 5 acres or so.

  • @helloromie
    @helloromie Рік тому

    I didn't hear the mistake on the quick tip and played it back twice!

  • @Giftock
    @Giftock 10 місяців тому

    Is the real estate going to continue to perform in high interest rate environment? Or should we also buy some stocks as they have weathered pretty well so far in high interest rate also.

  • @JesseVasquezAirVenture
    @JesseVasquezAirVenture Рік тому +6

    Heck ya! Way to go Soli! 💪🏽🚀🚀 great interview!

  • @darryltognarelli6769
    @darryltognarelli6769 Рік тому

    I’m looking at starting small with possibility of purchasing all right out then building

  • @JoseRodriguezFrio
    @JoseRodriguezFrio 11 місяців тому

    Just bought my first single family 3b1b for 98.5k. Section 8 = 1400/mo

  • @jamesscheip9056
    @jamesscheip9056 11 місяців тому

    David with a single family, a 2-family and now Joint venturing on a creative deal in FL, at 61 waiting 20 years to retire seems a long ways away. What advice do you have?

  • @bertperez1981
    @bertperez1981 Рік тому +3

    Great job, Rob!

  • @eliot5220
    @eliot5220 Рік тому +6

    I don’t believe this for some reason. She’s too young . OK now she says partners because there’s no way she could do this herself with no experience

    • @angelsegarra1135
      @angelsegarra1135 Рік тому

      You just don't understand the experience she has. She is the closer and the one bringing in private money, another partner is the deal finder, and another is the project manager on reno's and property manager.
      You don't have to do everything yourself. Team Build and Leverage.

  • @coreygumball
    @coreygumball Рік тому +1

    How does she create include distribute and pay out from an llc for all these partial investors?

    • @lattes.and.leases
      @lattes.and.leases Рік тому

      private lenders are debt lenders so aren't included in the LLC. Only my 2 other active partners are on the LLC!

  • @zeekflash6924
    @zeekflash6924 Рік тому +1

    How about , buying properties subto. Your entry costs will be lower than , if u bought a turn key or conventional loan

    • @eliot5220
      @eliot5220 Рік тому +1

      Sub to is tougher to find compared to for sale by owner or just listing

    • @Encore-Entertainment
      @Encore-Entertainment Рік тому

      Good luck finding them!

  • @BigPimpin101
    @BigPimpin101 Рік тому +1

    I'm definitely with her on the risk distribution...

  • @jmaris4eva
    @jmaris4eva Рік тому +5

    So she’s doing all this for like 3k of cash flow a month? Not worth it

    • @rachels7252
      @rachels7252 Рік тому +1

      I was surprised for 40 properties that $3000 is her cash flow. There's still capital expenses with all those properties (roofs and HVAC to replace eventually, all those tenants and property management fees unless she's managing some of them herself). I would rather own fewer properties in appreciating areas (coastal California, Arizona, Nevada) than 50 single family homes in the Midwest. I invest in CA and the Midwest. There's some cash flow in those cheaper areas and tax write offs but the single family home appreciation is slow, 10 years Midwest = 6 months in CA/NV/Florida/Texas. I'm not investing in the Midwest anymore unless I find a 4 unit or larger.

    • @lattes.and.leases
      @lattes.and.leases Рік тому +1

      $10K is after my partnership split, not the total from all rentals :)

    • @fiof
      @fiof Рік тому

      Start working at my place of employment and will see what's not worth it.

  • @eliot5220
    @eliot5220 Рік тому +3

    Ok I’m going look at Cincinnati. I was worried that this kid was smoking me but she has partners and I work alone. So now I don’t feel so bad.

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      U should... she's still out performing you

    • @eliot5220
      @eliot5220 11 місяців тому

      @@JoseRodriguezFrio you’re probably right but I have way more experience. I’ve been on and off real estate longer than she’s been alive.

    • @eliot5220
      @eliot5220 11 місяців тому

      @@JoseRodriguezFriobut also you don’t know what I’ve done

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      @eliot5220 by the time she's your age - 🚬

  • @leitm3912
    @leitm3912 Рік тому +4

    I'd be curious to know exactly what my investment money as the private lender is going towards if it takes $100k+ to get on the phone for properties that are ~100k or less. How much of that lended money goes towards purchase vs reno and just general operational costs of the business. If I have 100k+ to lend, I'd want to make sure I'm actually getting some good value out of it because if not you might as well buy the property yourself.

    • @rachels7252
      @rachels7252 Рік тому +3

      The current return to private lender is 8 to 12% but it's whatever arrangement you set up with the investor with the payment structure and length of term. I think it's usually purchase and renovation but it could be just one of those. I approached a potential PL but he wanted to get all his money back in 2 years and that wasn't going to work for me since I needed a longer term. The idea is refinancing to a 30 year fixed rate loan at the higher appraised renovated home value so you can pay back the PL - if the property After Repair Value isn't high enough, it won't be enough to pay back the PL and the investor will have to use their own money to make up the difference (this is what I'm running into with these inexpensive Midwestern properties).

    • @angelsegarra1135
      @angelsegarra1135 Рік тому

      ​@@rachels7252thank you!

  • @redspersonalfinance4550
    @redspersonalfinance4550 11 місяців тому

    That's cool she invest where I invest and where my hone town is.

  • @freedomworks3976
    @freedomworks3976 Рік тому +1

    What is a ber strategy ???

    • @g00bers24
      @g00bers24 6 місяців тому +1

      BRRRR
      Buy, Rehab, Rent, Refinance, Repeat

    • @freedomworks3976
      @freedomworks3976 6 місяців тому

      Thank you ❤

  • @robbysanchez6514
    @robbysanchez6514 11 місяців тому

    When you say "non-cash offer" what exactly does that mean? Doesn't the seller get cash no matter what kind of financing the buyer uses?

    • @jgwilliams67
      @jgwilliams67 11 місяців тому +1

      Good luck in getting a answer. These Real Estate videos are mostly click baits. BLAH BLAH BLAH

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      Financing

  • @eliot5220
    @eliot5220 Рік тому +1

    How did she buy 30 rentals in only a few years? How did she get the financing?

    • @jmaris4eva
      @jmaris4eva Рік тому +3

      She used private money for down payments and rehabs and has 2 partners, she doesn’t make that much
      Money, this seems like a lot of work for little cash flow

    • @angelsegarra1135
      @angelsegarra1135 Рік тому

      ​@@jmaris4evaher living expenses are covered and she's steadily acquiring more. Look at it as she is earning a commission that instead of paying once, it is paying a certain dividend and she has no access to the principal. When she refinances, she'll up that dividend by buying another property. Like she said, she already has enough passive income to where it compares with someone who has invested into a 401k for their whole life.

  • @kaponokobylanski7819
    @kaponokobylanski7819 Рік тому +1

    Way to go Rob!

  • @simplythebest7015
    @simplythebest7015 Рік тому

    Do you recommend creating an LLC before starting to buy investment properties for midterm rentals?

    • @hustlefamily7013
      @hustlefamily7013 Рік тому +3

      You need an llc if you’re going to work with hard money lenders

    • @ErNBuRn1
      @ErNBuRn1 Рік тому +9

      GET an LCC prior to starting any real estate venture. This is huge so that your RE income doesn’t get mixed in with your W2 income for tax purposes

    • @Anonyme67
      @Anonyme67 11 місяців тому

      LLC is solely going to help protecting your personal asset. For example if you get sued or bankrupt it will only affect your LLC. If you need a bank loan for a Realestate property they won’t lend you through your LLC. But private lenders want an LLC. LLC don’t give any taxe advantages. Hope this helps

    • @Anonyme67
      @Anonyme67 11 місяців тому

      @@ErNBuRn1 that’s incorrect. LLC or not you file your taxes plus your W2 as a sole or s corp depending on the income. You don’t need LLC do you Realestate. But it is better to have one just to protect your personal asset or get private money from lenders. Zero taxe advantage.

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      Don't listen to these people.... make money first, LLC second

  • @alpinewhite
    @alpinewhite Рік тому +1

    With that sort of money, why bother partnering up? Why not hire those people instead?

    • @Yukyuk96
      @Yukyuk96 11 місяців тому

      Money, expertise. I partnered with a guy who knows contractors, ect in the local area and does day to day stuff. My primary job makes 50k a month so we both concluded my time was better spent working to fund purchases given the state of financing atm. We are making a purchase about every 6 Weeks, mostly in cash and seller financing

  • @acceleratedvideoproduction
    @acceleratedvideoproduction Рік тому +1

    Whys David not talking much?

  • @tamekamanning5431
    @tamekamanning5431 Рік тому +1

    Mid term rental?
    Short term rental?

    • @biggerpockets
      @biggerpockets  Рік тому +2

      Medium term is anything with a 30 day lease or more, usually used for traveling nurses, students, et. who need 3-6 month leases. Usually they are furnished as well.

  • @phil1954
    @phil1954 Рік тому +1

    Soli did well until she said buy turn key. 90% of the time, turn key is a bad idea.

  • @therock1232100
    @therock1232100 Рік тому +2

    Actually you broadcast your goals...shut your brain from doing the thing...you seek the validation of your peer.. your brain assumes you accomplish the task. taking action and let your result do the talking

  • @steve4729
    @steve4729 2 місяці тому

    Can we please normalize being up front about taking on partners (or rather being taken on by partners)? Having only four doors and the remaining 36 with partners changes the entire picture. There’s nothing wrong with it AT ALL, but the approach here shouldn’t be “I did this,” but rather, “here’s how to build partnerships because I couldn’t have grown as quickly if I hadn’t.” It’s much more honest and will give people starting out a much more realistic goal of what they should shoot for on their own. Granted, I’m only halfway through the video while writing this, but up to this point, this video makes it seem like she built all this on her own when that isn’t really what happened. AND THAT IS OK. Just put it up front and not buried nearly 30min into the interview.
    Edit: before I get any hate, just know I’m sincerely impressed with her and what she has accomplished. My beef is with this notion of “doing it all by oneself” in thumbnails and intros. That is not realistic.

  • @chi8319
    @chi8319 Рік тому

    Can someone suggest software or any type of bookkeeping to be able to scale rentals. Thx!

  • @David-zi8bk
    @David-zi8bk Рік тому +3

    Does anyone else think David is Rocking the beard? This may be heresy but if he grew it out, is there a chance it could be more powerful than Brandon's? I know it's hard to imagine but could there be something going on here?

  • @dennishowland7495
    @dennishowland7495 Рік тому

    David Crew David Green where are you buying in Southwest Florida I have a soul I have a house in southwest Florida I actually have a house in Cape Coral

  • @bowsmythe
    @bowsmythe Рік тому

    LOL! David Green the Green Knight

  • @harijotkhalsa9496
    @harijotkhalsa9496 11 місяців тому

    This girl can retire at age 25!

  • @dennishowland7495
    @dennishowland7495 Рік тому

    Turnkey properties a bad investment just say David me and said they’ll horrible my girl would recommend turnkey properties I would never buy a turnkey property I buy a Delaplane Allison the worst area before I buy a turnkey property

  • @Anonyme67
    @Anonyme67 11 місяців тому +1

    I agree with the bald man👌🏾👌🏾👌🏾 buy distressed properties and fix it.

  • @jgwilliams67
    @jgwilliams67 11 місяців тому

    Good luck in collecting rents in that price range. 😒

  • @ominous450
    @ominous450 Рік тому

    My take away is I should consider RE partnerships

  • @relaxingmeditationandsooth7108
    @relaxingmeditationandsooth7108 11 місяців тому

    David has the WTF face on this one.

  • @webuyhousesdenvercolorado
    @webuyhousesdenvercolorado 11 місяців тому

    BRRRR is absolutely a dead strategy compared to wholesaling and creative finance. After learning creative finance it sounds so dumb to ever do BRRRR. Pace Morby > David all day long. These strategies build wealth SO SLOW.

    • @JoseRodriguezFrio
      @JoseRodriguezFrio 11 місяців тому

      Cute... what would stop you from wholesaling while BRRR?

  • @poonekar
    @poonekar Рік тому +2

    I agree with both… as a beginner 100k properties with minimal work and risk make sense. Once you are past the beginner stage, 1Mil value add properties makes more sense. Oh and btw, DavidGreene”24” is not a catchy name.

    • @eliot5220
      @eliot5220 Рік тому +1

      Buying million dollar houses doesn’t make sense

    • @poonekar
      @poonekar Рік тому

      @@eliot5220 Why not? What if it is a multiplex in Georgia or an oceanfront STR in Hawaii that generates over 100K?

    • @eliot5220
      @eliot5220 Рік тому +1

      @@poonekar 1 million is too much to waste on 1 house like in CA. You can buy multi-family with the same amount and have much higher return. Also it’s too risky and the dollars should be spread out over several units . 1 apartment building maybe if it has 10-12 units at least

    • @poonekar
      @poonekar Рік тому

      @@eliot5220 Ok I am starting to understand where you are coming from. If your investment limit is say around 1Mil then just putting it all in one property is too risky. But say someone, or a group of investors who are pooling money together, have 10Mil in properties, buying 10 apartment buildings with 12 units each could be too much hassle to take on.

    • @eliot5220
      @eliot5220 Рік тому +1

      @@poonekar more volume is easier because then you can afford management. Scale is the goal. The more units the more help you can afford. Also you can sell off a building if needed

  • @PsychicZya
    @PsychicZya 6 місяців тому

    this was great i've followed her on IG since early last year- what other markets outside of Cinnicati does she invest in?

  • @MindMagick222
    @MindMagick222 Рік тому

    like 7 1 4 but 26k views com'on UA-cam we can do better!!!!

  • @olisj2954
    @olisj2954 Рік тому +3

    Great story! Very smart to take action at early age 🦾 😃. The bald guy is not interacting, he does not look too friendly 🤣..

  • @Encore-Entertainment
    @Encore-Entertainment Рік тому +2

    David makes good points about going bigger but people like her have to start somewhere and he should love, embrace and Respect her process vs poo poo it. David probably does not realize that she probably represents the majority of the BP subscribers. David seemed upset or distracted but something which was not fair to her. I do know or follow her it’s just my impression from watching this. I always thought he was on my (the little, newbie guy) side after this I wonder if I was wrong. Everyone is allowed to have a bad day but as a professional entertainer (which a good podcaster is) you cannot let that ever show in your work. My 2 cents.