$100M In Real Estate From Scratch
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- Опубліковано 17 тра 2024
- Thach Real Estate Group makes around $800,000 each month in revenue across its ventures, and smart real estate investments are a huge part of that success. Find out how founder Thach Nguyen started and grew his real estate business in this interview.
Want to learn the exact methods and the unique strategies that Thach used to get to $100m in real estate? Thach Lays it all out in his course “Springboard to Wealth” Visit the link to learn more: learn.springboardtowealth.com...
Thach started his career as a realtor when he was just 21 and quickly became one of the top real estate agents for his company. He built on this knowledge to start investing in single-family rental properties, eventually expanding into multi-family units and apartments, today the backbone of his real estate business.
Even with his background as a realtor, Thach faced new challenges when he got into real estate investing. He’ll share the struggles and mistakes from his early years as an investor and how new investors today can avoid or overcome them. We also ask him how he’s used social media to drive his business’ growth and the real estate investing strategies that are at the heart of his success.
One of the biggest challenges of real estate investing for beginners is choosing the right properties to invest in. Thach explains why he focuses on multi-family properties and how he identifies real estate ideal for rental property investing. You’ll also learn what it means to have a mindset of abundance, and why that’s a smart mindset to cultivate as a new real estate investor.
If you enjoy this interview with Thach, make sure to check out these past videos we’ve done with other experts in the real estate industry:
Don’t Invest in Real Estate Until You Watch This! ►
• Don't Invest Into Real...
The Secrets to Becoming a Successful Real Estate Agent ►
• The Secrets to Becomin...
Resources
www.springboardtowealth.com/ - Find out more about Thach’s coaching
www.upflip.com/academy - Start, Build & Grow Your Business
www.upflip.com/blog/how-to-in... - our step by step guide to real estate investing
www.upflip.com/equipment-list... Premier Equipment List
Timestamps:
00:00 - START
01:47 - Mentor and business advice
02:40 - How long to be profitable
03:28 - How being a realtor helped him invest
04:14 - Unique secrets of his success
05:24 - Visit to apartment building
06:30 - First steps to start investing
07:13 - Tour of micro-apartment
08:43 - Coaching and finding mentors
10:10 - Recovering from a bad investment
11:58 - Biggest challenge of investing in real estate
12:57 - Mindset of abundance
13:47 - Planning before investing
14:51 - Maximizing real estate profits
16:08 - Key skills for real estate success
16:57 - Best business advice
17:34 - Building a support system and network
18:31 - Fan blitz
19:39 - Average revenue
20:35 - Total properties and type
21:06 - How to grow revenue
21:44 - Using social media to grow
22:22 - Lead management
22:50 - Managing and tracking finances
24:35 - Finding properties to invest in
25:46 - Choosing investment properties
26:27 - Red flags of bad investments
27:43 - Difference between investing and flipping
28:52 - Key team members and employees
29:56 - Revenue and profits
31:09 - Where did Thatch get his real estate knowledge?
32:58 - Giving back to the community
35:41 - Being in business with family
37:54 - Outro
#realestate #realestateinvesting #realestatebusiness
Want to learn the exact methods and the unique stratigies that Thach used to get to $100m in realestate? Thach Lays it all out in his course “Springboard to Wealth” Visit the link to learn more: learn.springboardtowealth.com/upflip
I’m not comfortable with this new HOST!! Where’s our regular guy??
@@realestatecoachestv he'll be back soon ;)
Owning multiple real estates comes with its own problems, such as chasing tenants, damage ,paint ECT... Which makes it residual income not passive
@@beehumble92, that is true unless you decide to go with a property management company to handle all these things for you!
@@UpFlip it's still considered as residual not passive, research the meanings
Let's be honest with ourselves. The 90's was the best time to buy real estate in the last 40 yrs, only exception being 2009-2014. In Seattle at least, in suburbs you could buy properties for under $200K easily. Fast forward today, they are worth almost $2M. That equity all along the way while rates were going lower and lower and lower, allowed equity to get pulled out and re-invested. The key to getting started is timing more than anything else. If you are starting today, forget it. The ship has sailed when everyone is coming out with the mentorship courses, it's too late. Gotta just keep building cash and wait for the next dip when all of the tik tok'ers and instagram influencers and course people disappear and are off capitalizing on the crash. Use this time to educate yourself (for free), and build relationships with other people who want to join in. Build relationships with contractors. And learn about the good areas in your region.
not a lot of people like to be honest, because doing so mean confronting hopelessness
In he end, he's banking more from the seminars than from rentals.
Exactly. Start ASAP, build cash, wait for opportunities, educate yourself, don't make stupid decisions
Agreed 💯
Sure you missed the big wave. But if you’re not playing in the water you’ll never learn how to ride the waves. Even small waves are learning opportunities.
I bought my first rental for 5k down, now I’m profiting $400-500/ month. This is my small wave. Insurance and taxes went up so profits went down, but all I needed to do is increase rent back to market rate, and profits went back up.
Ride those small waves, so when the big wave is here, you’ll know how to ride it and not wipe out. 🌊
I can tell you're really passionate about this subject, and it's contagious! You've inspired me to learn more about it.
Thach seems like a great guy to learn from. He's done it and is still doing it, which tells you about how much he loves it. Great story and looking forward to the next one.
I love the strategies that Thach is sharing here. He comes across like he's very passionate and knowledgeable about his craft. A joy to watch. He's also very relatable, which is nice. I also like Caleb as host, job well done.
Thank you for the support, Nokthula Madondo! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel?
@@UpFlip thanks for your response. I am subscribed to your channel and have watched most of your videos. I would love to see more features on female owned businesses. Topics wise, I like online based businesses. But any other I'm good with, as long as it's educational content and it's relatable.
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
The most informative video I’ve seen ever as far as real estate is concerned WOW❗️ Thach is a true legend❗️
Bro finally interview Thach Nguyen. Thach is my inspiration
Thank you for sharing this awesome interview that has a WEALTH of knowledge! Mr. Nguyen journey is a powerful blessing.
Thach - ignore the haters. Been following you for a few years, love how you get your sons involved in business from an early age.
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
he is an enthuastic and honest man, willing to share what makes him successful !
Thach is the man! This video was very informative. Great interview 😜
Thank you 🙏
❤ This guy is just one of the best . Watch him taking on America . He is so authentic and passionate. The sky will be the limit
You guys the best! Keep it up ❤
What a great interview and what a great guy to share what he has learned over 30-years. I don't think there are a lot of people like him.
Thank you for watching and engaging with the content! ☺️
Loved this interview! Thanks for sharing!!
I love the feast mindset! Let go of the famine mindset, it just holds you back from risks you could take. Don't let fear drive your decisions!
Well said. We appreciate you tuning in! Thank you! ☺️
Thach is goals. He gives so much free content. Made me believe the American dream again.
You got that right, Flashpoint Screenprint! If you love content like Thach's, go ahead and read more on our blog or listen to our podcast for more business inspiration. No doubt you'll be writing your own success story soon. Best of luck! 👊
@UpFlip thank you. Forsure, I am also a big fan of the Upflip UA-cam channel. Didn't know you guys had a podcast. Will be tuning to it now.
Great video! As someone who's also a real estate agent, I completely agree with your insights on how the industry works. It's amazing how much knowledge and experience we gain just by working with clients and studying the market. I think that transitioning from being an agent to an investor is a smart move, especially if you're looking for ways to increase your income and profit margins. Your story is inspiring, and it's a great reminder that with hard work and dedication, anyone can succeed in the real estate industry. Thanks for sharing your experience and insights with us!
this is a scam you would start making profit after you die and paid of all the loans and construction costs and material
Lies again? Nashville Millions Soccer Club
Every since Ive found Thach Nguyen. I've been making $85000 a month. Thank Thach
Wow, that's great news, kyleb! Would you like to share with us how you did it?
Right😂😂😂
@@MrTurbo87lxpeople come on here a literally just say anything
Love the transparency Thach. Always putting out great content.
That micro apartment is awesome ❤ remembered i just immigrant here, i jave to rent a room in garage or spared room that cost me hundreds but not even close to that micro apartment. Good job
Just the video I was searching for ✅ thank you 🙏🏽 so much great insight and helpful information.
Thank you for watching! Are you in the real estate industry too? If so, we have a ton of other content just like this, so please feel free to check out our channel! ☺️
@@UpFlip yes I am and thank you 🙏🏽 i will
We write you have Google chat or Telegramm, i want Estate house also
I have been watching Thach for a long time, he is great mentor. Love from Pakistan 🇵🇰
This guy is incredible. Thanks for sharing his story. No better motivation to keep grinding than a success story that led to helping so many people. Ignore the haters in the comments! 😤
We hope you found value in the lessons and apply them for your success. Cheers to you! 🔥
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This truly was awesome, thank you so much for sharing. Big fan of yours.
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
@@UpFlip any topic that relates to building generational wealth will be perfect
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
That is great, so many golden nuggets in this video!
Good heart. Thank you for giving back and helping those who are in need.
Thank you for your kind words. 💗
We write you have Google chat or Telegramm, i want Estate house also
I'm from Seattle. I remember seeing Thach driving his Rolls Royce back in 2005. Dude is legit and a Seattle legend in my eyes.
Thanks for sharing that cool memory, J M! Are you still in Seattle?
@@UpFlip not anymore. But visit often.
A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K
Jackson Sten Marsh, appears to be a true authority in his profession. I looked him up online and found his website, which I browsed and went through to learn more about her credentials, academic background, and career. He owes me a fiduciary duty to act in my best interests. I set up an appointment to use his services.
Thanks bud for keepin us financially Educated!
Regardless of how bad it gets on the economy
My pleasure 👊🏼
@@ThachNguyen Great video. Sent you a question on Facebook. Or maybe two.
:)
@@ThachNguyen great video chú Thạch, thank you for your sharing and the inspirational story
Agreed
I will like us to partner together
Great interview! Thank you!
I’m trying to learn how to read a market in the sense of making predictions on which areas are most likely to appreciate, and which housing units in that area are undervalued. Seems like finding a friend in real estate is the best way to learn more? How do you learn that side of things?
This is amazing !! Thach is the best what an inspiration I work hard to be like this one day
Thank you for sharing your thoughts! Hope you watch our other content and find value in them. ☺️
Congratulations Thatch.
You are inspiring!👍🏻✌🏻
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
Absolute gold
This was a great interview with this awesome person, Thach, who has done well for himself. I am fairly new to real estate as an agent and would like to be where he is today at my age. Congratulations. Love your knowledge in this field, I would like to take your course, but cannot sadly, too expensive for myself. I need to sell a couple pieces of property first. 😂
Merry Christmas and Happy 2024 New Year, may it be great!
I love my city, Seattle. So much Real Estate Prime businesses. Jebadiah Garner is doing his thing, Quality Development LLC, so many others...
Thach, is there opportunity in Vegas to do the ADU builds on a large lot?
This men is an inspiration: real estate is great and awsome. College is nothing now a days. Better to own and start a business. Seattle is very expensive place to buy. His profit margins are amazing.
Agreed. It's better to be wise, especially in the current state of the economy. Thanks for watching! ☺️
thanks for sharing all this amazing knowledge Thach!
Did you learn a lot from this video? What are your takeaways? ☺️
I got huge respect for Thach!! What a amazing success story. !!!
Wow! Thank you so much for the support!
he is a good person , honest and kind , trying to help others.
Here in the Bay I really admire the work ethics of Vietnamese people. These people work really hard. It reminds me of first generation Chinese immigrants - they start with Pho or banh mi restaurants, and expand their business from there, like how Chinese people started with the restaurants back in 1900s.
Great interview thank you so much
Glad you love this video! Any business you want to see next? ☺️
Thanks for reply 🤝
Very kool! keep up those good work Thach......Coming to America Loving it.
Thank you so much!
Great video - Thach (hope I spelt that correctly) you are a legend for being so open ❤
You spelled it right 🙏👊🏼
dude was just at the right place at the right time before the crazy tech boom at Seattle.
add hardwork, dedication, and grit to that and it sounds like a success!
Thach Nguyen is the real G! Cheers, Boss!
Glad you love this video! Hope you also watch our other content and find value in them. Any business you want to see next? ☺️
Great thinking. I learned the system back in 1990s in Tom Vu’s late night informercial and without paying to his $15K seminar.
That's great! Were you able to apply what you learned then?
Where are you now, with that knowledge?
@@superjeffstanton retired and living like how Tom Vu used to be :) without the girls, boat, or RR of course:)
@@UpFlip $15K in 1991 was a huge down payment to buy rental houses in Idaho, Wyoming, or Utah.
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Thanks for sharing! You're so inspired. Cám ơn anh Thạch và gd anh giúp đỡ những người khó khăn tìm được nguồn thu nhập khá.
Glad to know you found inspiration in this video! Hope you watch our other content and find value in them too. Any business you want to see next? ☺️
We write you have Google chat or Telegramm, i want Estate house also
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
Thank you very much for that advice that this is real gold. I'm gonna go ahead and put it into practice.
Great story - thanks for sharing
We write you have Google chat or Telegramm, i want Estate house also
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
Very informative
This video is gold thanks
Everyone got rich who got into RE 10-20 years ago. Now a house is $550,000 or more.
WE DONT HAVE 5-20% collecting dust laying around to buy rentals. This doesnt really work anymore or at least its 10x harder now
$105,000 for a house ?! You need that for a down payment now and maybe you'll get lucky.
Houses cost $550k - $2million dollars.
I just purchased a $734,000 fourplex using my VA home loan in Arizona. 0%down
True, the golden years of real estate were like from 2008 to 2019, it was basically impossible to lose money, as long as you had enough cashdown. One of my friends who has been into it now wants to get rid of everything, too many problems to deal with tenants and unable to increase the rent.
@@johnnyb33good21 not everyone is a Vet
@@nicknico4121 tell your friend to give me the houses ill deal with everything just sign over the Deeds
@@TheGreatEscape77 That'll be 1.8M for each 8 unit building (paid 600k back then).
Nice info, I appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how real estate market works.
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yoo mann!! so informative❤🔥
Glad you think so! What would you like to see more of?
I will try to emulate Thach. Great journey.
Go for it! 👊
Nice work,I am happy for him.That's call America dream.He came to United State Of America in 1975 and now is millionaire.
Got it, it's so easy, anyone anywhere can do it. Social media work this guy is putting in is all just charity. Don't worry about your lack of capital, having missed out on the biggest housing market run of your life, stupid cheap loans or even being at the right place at the right time.
I entered your channel, and follow for a lot of time. I came from the Paul Akers/FastCap. That was an inspiration. teached so much! A real enterpreneur in a real business. In your channel there is plenty of good videos. Some of then also teach a lot, from people who really works, real life and that is the reason I keep following you. (In my mind come people from the candies, from pet, laundry... so much awesome videos... BUT not all video of yours have the same quality. You will need to filter who appears, why the person is trying to appear, etc. If your content becomes bad, you will lose fans for sure.
it is so great video and so inspirational
Great success story Thach Nguyen!
Glad you love this video! Hope you also watch our other content and find value in them. Any business you want to see next? ☺️
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
What's the process like changing the zoning from residential to commercial? Do you go to the city planning office first?
Different states have different protocols. Best to consult locally!
This for me fired up to start real estate! Let’s go people!
Let’s goooooooo🔥🔥
Amazing comments. If you are searching Web design and development services, just search in google "Ansarul_Trigger"
I love your channel thank you so much for these gems! I'm so happy the algorithm sent you my way lmao
We appreciate you tuning in! Welcome to the UpFlip family! ☺️
The dilemma arises from the fact that either the tenant or the landlord is obligated to cover expenses such as insurance and property taxes to maintain a residence with essential utilities like electricity, gas, and water. Consequently, a significant portion of the population, particularly in California where I presently reside, is resorting to living in tents. They evade taxes, rent, mortgages, or insurance. It's astonishing the number of individuals I encounter who confess to residing in their vehicles. The situation out here is truly challenging.
what a testimony..... what an experience.. Nice blueprint
Did you learn a lot from this video? What are your takeaways? ☺️
@@UpFlip none why its the experience that got you to form many blue prints ... my only thing to include is to put more talks out there to create blueprints to work with other blueprints.. key really connecting blueprints... thanks for sharing.. chi chi cheers lol
This is litttt
Great video!
always praying to God guide me to the right path, end goal i do want to own couple properties specially apartment complexes 🙏📝 God bless ima get to my goal slowly build up profit everyday and credit help me get there 💯🔥🙌🏻
I wish I could do more than like this video. I love it. The best!
Please feel free to check out our channel for more inspiration. We aim to lay out "blueprints" so many others would be successful too. Best of luck! 👊
Unlike many other people, he is very honest. Thank you.
Honesty is a key ingredient for building trust and credibility 🙏
49K month? So 1 unit is going to be just over 9k Month? NO WAY???
His figures are well explained throughout the video. If you want to learn more, please keep on watching! ☺️
We write you have Google chat or Telegramm, i want Estate house also
Good luck in this market
Good strategies but one must consider credit and salary
Thank you for answering my question a lot))!
Glad to have helped @yraponyatkin9479 !
I almost died laughing when he talked about how he wants people to have affordable homes...300 square feet = 28 Square meters and he is asking over $1200 a month of that.
Do i have to say more ? lol
Mr Thach,I am happy for you sir.
This is cool, insteresting.
How does he find architects and contractors? I find this part risky. Any help? Thanks.
He already has his partner contractor, but if you're starting out, it would be best to survey your area and check reviews and the actual products of these contractors you're prospecting. It's groundwork, but it will be worth it so you can find quality ones! Hope this helps! ☺️
apartment rentals are the best way to grow your wealth. keep buying rental aparments and u grow from there. we own 40 apartments units all together and its the best passvie income streem out there. one house at a time will not make u crazy rich.
That's awesome! Do you have any tips you can share with the community? ☺️
I follow him on every social media he's on love his energy !!
👊🏼👊🏼
So nice 👍
AMAZING BRO
Top content
Thank you 🙏🔥
Wholesome interaction❤
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
" How to mk a good bargain? "
love his energy
We love his energy, too! Thank you for tuning in, we sincerely appreciate your support!
such an amazing story ....
Great video ❤
We appreciate you tuning in! Thank you! ☺️
True genius❤
Love the video
Glad you love this video! Hope you also watch our other content and find value in them. Any business you want to see next? ☺️
Great openness mindset tips…🙏🌑🌞
Thanks so much! Which one was your favorite?
Can you make a video on junk removal? Trying to learn more using my truck
That's a great suggestion, Eddie! We'll keep that on our list. Thanks for watching! ☺️
numbers done make since he said at the begining that the rent for those 5 town homes was 49k a month but then half way through he said they rent for 3500 a month and his morgage is 2500 per town home.
If you need a painter I’m 1:30 away from Seattle licensed and bonded
Thank you for sharing, I have brrrred a lot of houses but not a duplex yet.
Great to hear! How long have you been in the industry? ☺️
@@UpFlip 2.5 years so far and going strong
I gotta plan I gotta Dream. I wanna build a modern 2 family house from start to finish I will follow threw . Very Inspirational. Need Mentor
You can do it! Thank you for watching!
I love the micro apartments they are so cute. Life is better to be a minimalist.
So true! Are you a minimalist yourself? We appreciate you tuning in! Thank you! ☺️
We write you have Google chat or Telegramm, i want Estate house also