How Much This 10-Unit Apartment Makes Me Every Year

Поділитися
Вставка

КОМЕНТАРІ • 1,7 тис.

  • @dannydinh2281
    @dannydinh2281 Рік тому +4381

    He just walked up to a random home

    • @bngr_bngr
      @bngr_bngr Рік тому +98

      Yeah last time he said he rented these for $3500.

    • @elaybright8884
      @elaybright8884 Рік тому

      haha communist China property

    • @fordayoutube8712
      @fordayoutube8712 Рік тому

      He said 1625 but the screen said 1650 inflation a bitch

    • @smartfortwo451
      @smartfortwo451 Рік тому

      Sounds like Trump...a fraud.

    • @MrOldeastdallas
      @MrOldeastdallas Рік тому +68

      Yup, it seems like it. He is doing it for TikTok, UA-cam, and Facebook to get a views and he gets paid for views on his videos. He's just running up to buildings saying he owns them, how much he makes from them etc etc and they are owned by someone else. People be falling for what he says.

  • @XrunescapeXgodX
    @XrunescapeXgodX Рік тому +2075

    I've never heard an accent go from Asian, to Spanish, to new Yorker, to regular English in less than a minute

    • @Birddog-4
      @Birddog-4 Рік тому +39

      He looks like hes mixed Asian, Mexican, and Italian.

    • @perfecttenk8744
      @perfecttenk8744 Рік тому +25

      He is asian, his English was poor, he picked up accents from his friends and media unknowingly.

    • @jaredbarrett1015
      @jaredbarrett1015 Рік тому +35

      He sounds like Sid from ice age and looks like Elon musk 😂

    • @casperthefriendlyghost007
      @casperthefriendlyghost007 Рік тому +4

      Tyyyymes tiin don't forget Texas too

    • @Vis-Light
      @Vis-Light Рік тому +1

      @ROCKET MAN same repetitive motions I think he might be having a stroke

  • @anon7812
    @anon7812 Рік тому +514

    "Sir, I was just asking for directions"

  • @geoffrey-rf7pg
    @geoffrey-rf7pg Рік тому +90

    Real Owner: Sir this is private property you have to leave now.

  • @nastywaffles
    @nastywaffles Рік тому +1478

    This man really do just walk up to random properties

    • @masoodrasab9327
      @masoodrasab9327 Рік тому +1

      That what i thinking 🤔

    • @misogynisticfish4254
      @misogynisticfish4254 Рік тому +1

      What to laugh👇
      comments 😂😂😂😂😂😂

    • @bryancollins9627
      @bryancollins9627 Рік тому +22

      Nope. I’ve met him. He’s real and he’s rich as fuck lol.

    • @socialmediainfo-um6hw
      @socialmediainfo-um6hw Рік тому +6

      His actually a multi millionaire. I know him and yes he owns those properties and then some.

    • @unkinderjam4376
      @unkinderjam4376 Рік тому +5

      ​@@rocketman-qb9soCan't fake real estate, look him up, and if he owns that building you will find where

  • @uphill248
    @uphill248 Рік тому +740

    Next he’s going to walk up to the White House and say how much money he makes renting it.

  • @misterincognito6089
    @misterincognito6089 Рік тому +49

    1700 dollars a month for a 10 square feet apartment😂

    • @PresidentUSVI
      @PresidentUSVI Рік тому

      Crazy, I was thinking the same thing.

    • @adamantium2012
      @adamantium2012 Рік тому +1

      Don't lie, it's at least 100.

    • @PInk77W1
      @PInk77W1 Рік тому +1

      I was living in a 96sqft studio by the beach in California. I retired and 3weeks later my landlord said she was gonna double my rent.
      LoL

    • @BobSmog
      @BobSmog 9 місяців тому

      Ik right? That entire building should be 1 house

    • @jaydntplay
      @jaydntplay 5 місяців тому

      new york city ahh deal

  • @DCfreerunner
    @DCfreerunner Рік тому +218

    The tenants in the house
    "Our landlord is making tiktoks while he collects rent again 🤭"

    • @asadb1990
      @asadb1990 Рік тому +7

      Or they tell the landlord some rando making tiktoks of how he's the landlord

    • @-Sam69
      @-Sam69 Рік тому +1

      Broke mentality 😂💀you get to save on down payment, can move anytime, don’t need to sell the property, don’t need credit, won’t worry about repairs and many more for renting

    • @DCfreerunner
      @DCfreerunner Рік тому +1

      @@-Sam69 lmao what

    • @500sixtyfour
      @500sixtyfour 9 місяців тому +1

      And talking about how he makes almost 50%

  • @johng0807
    @johng0807 Рік тому +208

    This dude might want to have his accountant show him the math.

    • @omarbarrios3420
      @omarbarrios3420 Рік тому +17

      I make over $4500 a month after expenses on just a duplex in Los Angeles lol

    • @Madn3ssMan
      @Madn3ssMan Рік тому +1

      @@omarbarrios3420nice one man!

    • @LuG8911
      @LuG8911 11 місяців тому +5

      Yeah if you purchased it in the 80s

    • @BobSmog
      @BobSmog 9 місяців тому +4

      All I wanna know is how the fuck he's fitting 10 units in that shoebox. That thing should be 1 family home.

    • @BaldKiwi117
      @BaldKiwi117 9 місяців тому +1

      ​@@BobSmogyeah like a family of 12 lol

  • @brightleah1404
    @brightleah1404 11 місяців тому +21

    Building a good investment portfolio is more complex so I would recommend you seek professional support.This way you can get strategies designed to address your unique long term goals and financial dreams

    • @yolandacabrera4687
      @yolandacabrera4687 11 місяців тому +7

      Same here, a Transformations of £4000 to a £15,400 in just 2 weeks, he's the really best

    • @millerdavis231
      @millerdavis231 11 місяців тому +4

      Initially I have lost interest in Bitcoin trading and investment platform,I was watching video on UA-cam,I saw many people giving testimonies about Expert Hawkins Nicholas,I said wow!! Let me give him a try

    • @ruyoledmonton9012
      @ruyoledmonton9012 11 місяців тому +3

      His contact

    • @ruyoledmonton9012
      @ruyoledmonton9012 11 місяців тому +1

      ┼𝟏𝟒𝟏𝟕𝟑𝟏𝟓𝟏𝟔𝟏𝟕👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾☀️☀️

    • @ruyoledmonton9012
      @ruyoledmonton9012 11 місяців тому +7

      Let him know you were referred by one of his client

  • @greeneczemaandham1326
    @greeneczemaandham1326 Рік тому +29

    Imagine looking outside of the window to your apartment and seeing your landlord filming a fucking tiktok

  • @mattphillips2844
    @mattphillips2844 Рік тому +29

    People like to brag about success stories but never want to show you properties that didn’t work out so well.

  • @shanestanton5481
    @shanestanton5481 Рік тому +510

    As a landlord. I'm calling bullshit

    • @legacyturbo8485
      @legacyturbo8485 Рік тому +47

      I own multiple properties .!. This is plausible depending where this is located. With rents that high this building should be worth a minimum of 2 million.

    • @shanestanton5481
      @shanestanton5481 Рік тому +19

      @@legacyturbo8485 I own multiple units. I wish I did half that profit

    • @GORILLA_PIMP
      @GORILLA_PIMP Рік тому +37

      ​@@shanestanton5481
      Dam you own MULTIPLE apartment buildings an net LESS than 45K a year???

    • @leoscareer
      @leoscareer Рік тому +41

      This is legit. I do this too. In a board game.

    • @Charlie-rt7sb
      @Charlie-rt7sb Рік тому +25

      @@shanestanton5481 so because you can’t do it no one else can? Right

  • @hughbunyea4703
    @hughbunyea4703 Рік тому +16

    Don't forget the percentage you have to set aside for repairs and maintenance

  • @bnorvs5929
    @bnorvs5929 Рік тому +55

    Only if you rent every unit, AND nothing goes wrong, AND everyone pays their rent

    • @lidgerwoodj
      @lidgerwoodj Рік тому +2

      Yep, I budget for about 80% fully paid occupancy. You can do things to encourage people to stay there, like making sure you take care of maintenance, and generally ensuring it’s liveable and comfortable.
      If you treat your property like crap, how do you expect your tenants to look after it?

    • @adam.vision
      @adam.vision 9 місяців тому +1

      Don’t forget about the capital required for a down payment in the first place

    • @VirusZero0140
      @VirusZero0140 9 місяців тому

      ​@@adam.visionwhich is generally how much? $500k?

    • @priestesslucy3299
      @priestesslucy3299 9 місяців тому

      ​@@adam.visionyeah, this sort of place is not a starter investment.
      Do some house hacking, do a few BRRRRs, build up some resources while you further educate yourself on the process. Build a duplex, then a fourplex, *_then_* build one of these.

  • @Wisdomseeker1028
    @Wisdomseeker1028 10 місяців тому +2

    It would help to know how much it cost to buy, so we can calculate roi. Also helpful to know if you added additional units since purchasing. And helpful to know how much equity accrued through paying the mortgage and how much in appreciation

  • @raohfan6256
    @raohfan6256 Рік тому +15

    The property manager charges minimum 3000 a month for this kind of 10 unit property and the property taxes probably at least 1500 a month. So your mortgage PI is around 4500 a month. With 5% interest(assuming you got the loan a few years ago at a lower commercial RE rate), that’s easy 900k loan. + the 1.5m equity that’s 2.4m total property value. The MoM is really just 200k/2.5m = 8%. Not low but not impressive either considering the amount of down payment and hassle required. Some major repairs can easily wipe out your whole year cash flow.

    • @michelesimone6752
      @michelesimone6752 Рік тому +1

      The property manager Typically gets only 10%. He's probably already included that expense in his net income.

    • @joshuab464
      @joshuab464 Рік тому

      Thank you for the thorough breakdown. I personally appreciate it

  • @randygravel2057
    @randygravel2057 Рік тому +51

    9000 for p and I, taxes and insurance a month. He must have put have put 80 percent down, AT LEAST. Which for that building was millions. He’s leaving a lot of numbers out

    • @JP-tk3tf
      @JP-tk3tf Рік тому +2

      Thank you, thought I was the only one who thought this

    • @jamessopkin
      @jamessopkin Рік тому

      You’re probably right. He said 1.5 million equity and the building could be worth like 2 million. Those profit margins are insane

  • @rocky8084
    @rocky8084 Рік тому +44

    After the IRS contacted him regarding this income he told them it was just a UA-cam video to make pocket change😂

    • @asavage1576
      @asavage1576 Рік тому +1

      Haha. Like being a farmer....try to convince the bank you make alot of money, while trying to convince the government you lose money 😂

    • @abumansaray7
      @abumansaray7 10 місяців тому

      😂😂

  • @Beltzland
    @Beltzland Рік тому +17

    This man is living in his car on his way to the Salvation Army for lunch and groceries. It's Wednesday. Recorded on government phone and uploaded at public library.

  • @joh9421
    @joh9421 Рік тому +126

    A/C goes out, heat, washer breaks, tenant leave you have to repaint and repair

    • @CaptainCakes
      @CaptainCakes Рік тому +32

      Poor man mindset^risk averse, makes 40k a year and is happy.

    • @msoufi3667
      @msoufi3667 Рік тому +1

      they still make very good amout. specially the one that have old mortgage of 3k if they sold same property mortgage will be 7 or 8k or even more depend if it renovated or has more unit

    • @geraldbright8990
      @geraldbright8990 Рік тому +7

      If a landlord can make 5% on equity he's extremely lucky.

    • @srtev2813
      @srtev2813 Рік тому +3

      What if the tenants don't pay rent that's a problem because its a process.

    • @CaptainCakes
      @CaptainCakes Рік тому +10

      @@srtev2813 what if you lose your job? What if you get into a car accident that immobilizes you got 3 months? There’s plenty of reasons to not do something, you have to be willing to risk it for the biscuit.

  • @ChefJohnnyCia06
    @ChefJohnnyCia06 Рік тому +11

    Do not forget any repairs that need to be done as well.

  • @marineghost17
    @marineghost17 Рік тому +21

    😂😂😂😂 the comments nailed it. Buddy just walk up to a random apartment complex and stated maxing a video.😂😂😂

    • @bryancollins9627
      @bryancollins9627 Рік тому

      He’s legit.

    • @lamickens
      @lamickens 7 місяців тому

      I sent you a home information, so. Do you have money for your home?

  • @RandomeFactsYug
    @RandomeFactsYug 9 місяців тому +2

    If there was no subtitles.... no way I would get what he's saying 😂😂😂😂😂

  • @tyemccarty8926
    @tyemccarty8926 Рік тому +22

    A mortgage with a 1.5m price tags would be around 11-12k a month and that only covers interest, insurance, and the actual loan payment. So many other factors to play into the total cost as well with maintenance, gaps in attendants, etc

    • @talalabdul7954
      @talalabdul7954 Рік тому +2

      How Tf did you get 11-12k as a mortgage for a 1.5m property? 😂😂😂😂

    • @henrysantos942
      @henrysantos942 5 місяців тому

      What did he put as a down payment?

  • @fastxsam
    @fastxsam Рік тому +7

    Whether this is his building or not he's lying. Perhaps the total roi would be 90k if nothing ever happened. Repairs, renovations, listing and etc, he would be lucky to get half that amount every year.
    But don't get me wrong $45k passive is still better than zero

    • @shanestanton5481
      @shanestanton5481 Рік тому

      Agreed

    • @wellingtonbruh3756
      @wellingtonbruh3756 Рік тому +2

      Totally, he leaves out a lot of the other "not expected" costs. And those are the most expensive ones to fix and can. At times destroy your profits for the year, maybe even put you in the red.

  • @tyheclayton473
    @tyheclayton473 11 місяців тому +3

    My dad was doing that too
    Renter didn't pay
    Government it's on their side
    You are very lucky
    You have a good renters

  • @Xtri0s
    @Xtri0s Рік тому +28

    For this to work you would need to pay $1 million for this 10 unit apartment. Good luck finding that in a good renters market area.

    • @anthonyrussell9706
      @anthonyrussell9706 Рік тому +2

      LOL!!! Not in L.A. 1 millie gets you a busted up 4 unit.

    • @Abi-fo3tj
      @Abi-fo3tj Рік тому +8

      @@anthonyrussell9706that’s why you stay out of Cali

    • @andreycham4797
      @andreycham4797 Рік тому

      When he came there in 1975 it was a Getto

    • @Karma-hy6ki
      @Karma-hy6ki Рік тому

      He gets them on a mortgage with a good credit score and refinances it to put it on a 30 year period and Keeps 😊reinvesting the rest. You think ppl pay the full price regardless of how expensive the property usb

  • @gregoryblade1483
    @gregoryblade1483 Рік тому +6

    7500 in cash flow is nice, but he forgot to include debt service

    • @proboywantagh
      @proboywantagh Рік тому +1

      he did, mortgage and insurance were added to the 9k he quoted along with the managers pay. but he also said he has 1.5 m in equity, so his mortgage is probably lower than we expect.

  • @tokroni
    @tokroni 9 місяців тому +1

    The IRS loves this kind of transparency.

  • @onestopfunstop317
    @onestopfunstop317 Рік тому +1

    What about maintenance?
    Roof, Siding Paint, Carpets, Plumbing, Cabinets, Landscaping, Doors, Windows, Appliances, water heaters, Fixtures, etc...

    • @onestopfunstop317
      @onestopfunstop317 Рік тому +1

      Also, what about the time it sits empty between tenants? 1 month empty, to prep and find new tenants for a unit is going to be 20% of your yearly earnings.
      Carpet, paint, labor, advertising, missed rent, etc....

  • @bustafro
    @bustafro Рік тому +6

    “Welcome to city wok can I get your order please”

  • @gaseousclay6126
    @gaseousclay6126 Рік тому +30

    All tenants pay 100% and no vacancies????

    • @tonymcdonald9315
      @tonymcdonald9315 Рік тому

      Yep

    • @hellofuture2656
      @hellofuture2656 Рік тому

      Well in reality u must have vacancies at least 20% that + tenant not paying rent and we don’t talk about maintenance

    • @asadb1990
      @asadb1990 Рік тому

      Rent from packed paid tenants pays for the empty units

    • @shanestanton5481
      @shanestanton5481 Рік тому +1

      You forgot damages, repairs, maintenance, taxes, utilities, skipped rent, evictions, court cost, attorney fees , lawn care, snow removal, sewer line collapse backing into the basement, tornado taking off the roof, trees falling into the building, baseballs going through windows, tenants doing remodeling...want me to keep going?

  • @tommontreal4821
    @tommontreal4821 Рік тому +1

    Anyone with even a minimum of real estate knowledge knows that these numbers are just too good to be true. (If true, he must have purchased this property a long time ago when prices and mortgage rates were lower.)

  • @wzeng02
    @wzeng02 9 місяців тому +1

    This is crazy. What about maintenance (for example leaking pipe), utility bill such as water, vacancy and tenant turn over? The toilet never breaks, sink and roof never leaks, property manage itself, tenant returns a turn key property and another tenant move in the next day. What is he promoting?

  • @OneEyedOneHornedGian
    @OneEyedOneHornedGian Рік тому +4

    Assuming all the units are filled and paying at all times.

  • @ag6248
    @ag6248 Рік тому +6

    Sir this is a Wendy’s

  • @robbyrucker140
    @robbyrucker140 9 місяців тому +1

    Wow, exactly what I want . Well 3 of them. Life goals

  • @jimbob962
    @jimbob962 Рік тому +5

    This guy must be one of those PPP loan scammers, his real estate numbers, the advice he gives, and more just show you he doesn't know a damn thing.

  • @rodromelodies3456
    @rodromelodies3456 Рік тому +20

    Show the mortgage documents

  • @stephenswistchew7720
    @stephenswistchew7720 Рік тому +2

    The old Scottish saying when someone tells you how honest they are count the knives and forks before they leave your house

  • @franzruggiero2875
    @franzruggiero2875 Рік тому

    Love these videos man thank you

  • @aaronburt1103
    @aaronburt1103 Рік тому +25

    Tell me how you're getting 10 units out of a three-story building

    • @angelmoreno1141
      @angelmoreno1141 Рік тому +4

      I used to live in a 3 story building like this one had 4 apartments per floor

    • @oaoskey6051
      @oaoskey6051 Рік тому +2

      Use your head 🤦‍♂️

    • @jaime3465
      @jaime3465 Рік тому

      Have to illegally rent out basements

    • @packohub1145
      @packohub1145 Рік тому

      THERE'S A 7 STOREY UNDERGROUND..WITH FREE WATER FLOOD

    • @gordon4075
      @gordon4075 Рік тому

      2 floors 4 units ground 2 units.
      Not hard

  • @keepdreaming227
    @keepdreaming227 Рік тому +15

    That’s the way to do it! Once you get over like seven units, cash flow becomes nice

  • @zee-aaliyah
    @zee-aaliyah 15 днів тому

    “16-hunnid” Subscribed 😭

  • @terryjackson517
    @terryjackson517 Рік тому +1

    That’s only if it’s fully occupied, not to mention landscaping and maintenance.

  • @klinker321
    @klinker321 Рік тому +4

    In Canada it will cost you +/-225k per unit to build..

    • @SP-rr9ed
      @SP-rr9ed Рік тому

      Then buy in the states?

  • @bobbyfischer6786
    @bobbyfischer6786 Рік тому +1

    I live there and can assure you this man has nothing to do with this building

  • @damugucci626
    @damugucci626 2 місяці тому

    Man Im trying to get my flow like this 🙏🏾

  • @billhoward5580
    @billhoward5580 Рік тому +10

    Did you forget to tell them what happens when the tenants don't pay their rent or pay it 2 months late, damages to the property, law suits, legal fees for evictions etc. etc.

    • @vanderumd11
      @vanderumd11 Рік тому

      Yes, that's part of business. You pay insurance... Lost rental income due to damage

    • @billhoward5580
      @billhoward5580 Рік тому

      @@vanderumd11 real estate is a horrible investment if you dint have years of back up cash to float it

    • @vanderumd11
      @vanderumd11 Рік тому

      @@billhoward5580 no, it actually is proven to be the largest pool of self made millionaires in history. Now if you would like to speak on something other than facts.

    • @billhoward5580
      @billhoward5580 Рік тому

      @@vanderumd11 whatever bro they bought all real estate with the money they made from real work as a result of thier endeavors as tax shelters and what not nobody makes millions from real estate they buy millions in real estate from the money the make in real life you do the research real estate wealth is fake its a number on a paper man get real money as in liquid money not asset worth bullshit

    • @eddygci8
      @eddygci8 Рік тому +1

      He probably has some systems in place to help deal with that. And probably that big profit margin has its way of helping

  • @barrygrahamjr2880
    @barrygrahamjr2880 Рік тому +3

    Somebody’s drunk uncle escaped the insane asylum again…….🤣

  • @legacy-builders
    @legacy-builders 8 місяців тому +1

    if you actually do the math it doesn't add up. Typically takes 200k per unit to build he would be around 13k a month for mortage if he built it for 2,200,000 unless he put a lot down.

  • @joshfarris
    @joshfarris 10 місяців тому +1

    The missing piece- the entry cost.

  • @robinccc
    @robinccc Рік тому +5

    And when the renting season is over, you pay the mortgage out of your ass.

  • @lisagardner903
    @lisagardner903 Рік тому +4

    My husband and I used to own homes and condos and rented them out. That is such BS that he is making that much because he is not accounting for repairs, paying taxes, etc.

  • @REPDAT5SIX2
    @REPDAT5SIX2 Рік тому +7

    They should tax more property owners

    • @watchthisnow321
      @watchthisnow321 Рік тому +4

      And people wonder why rents keep going up??

    • @scowlermr.r633
      @scowlermr.r633 Рік тому

      I never understood the Lords of the Land...
      A market of basic need and someone else can own your home they'll never need.

    • @cornwallaceiii
      @cornwallaceiii Рік тому

      ​@@scowlermr.r633 whose stopping you from building your own home? Go ahead

    • @mckricks1
      @mckricks1 9 місяців тому

      Awe regretting past life choices? Try not to get more mad when your rent gets increased more.

  • @raniquabailey1612
    @raniquabailey1612 7 місяців тому +1

    He forgot to mention maintenance repairs and stuff

  • @joshJ.
    @joshJ. 11 місяців тому +1

    I’m going to make a video standing in front of a skyscraper and say I rent out these offices for money and my mortgage is this much ! Then security tells me to leave the property 😂❤🎉

  • @TraColwell
    @TraColwell Рік тому +3

    Where do I find a floor plan like this?

  • @SwastikaHinduSansrkit
    @SwastikaHinduSansrkit Рік тому +5

    This is a very common practise. Some owners even live in their own building basement to cut their own living costs. Live for free. The only thing I always worry about is when a tenant moves out your scrambling to look for a tenant because the clock is ticking for that $9000/ month bill.

    • @Tayy
      @Tayy Рік тому

      Nah you just make 8k instead of 9k

    • @vanderumd11
      @vanderumd11 Рік тому

      Write off losses

    • @SwastikaHinduSansrkit
      @SwastikaHinduSansrkit Рік тому

      @@Tayy yeah but to get to 9k it's a big headache

    • @SwastikaHinduSansrkit
      @SwastikaHinduSansrkit Рік тому

      @@vanderumd11 until someone gets sued when they go on the property. It's a lot of headaches believe me a glamorous side of being a landlord is great but they don't tell you the bad stuff that can happen.

  • @Tweetogreggieb59
    @Tweetogreggieb59 Рік тому +1

    All lives matter, so don't hate the messenger, just because he walked up, if the information adds up. Do your own dudelegence.

  • @gladperson116
    @gladperson116 Рік тому +1

    That's bs. I owned a couple apartments, and taxes kicked my ass and I couldn't make any good profit...

  • @fabledreamor
    @fabledreamor Рік тому +3

    This guy should run the FED.

  • @TrumpyBooden
    @TrumpyBooden Рік тому +3

    What if there are plumbing issues or other unexpected issues

    • @bobofrog
      @bobofrog Рік тому

      That s what a property manager is for. As he mentioned he has one and it’s one of the main responsibilities of PM to put in maintenance orders for tenants who need it. If the property owner is smart he makes a budget of estimated maintenance costs for the month adding extra to account for unexpected issues

  • @tentedalex
    @tentedalex 10 місяців тому +1

    Till all your tents leave and your at 50% vacancies. Then means you lose 7500 a month

  • @lancemided3251
    @lancemided3251 Рік тому +1

    What about when every unit isn’t rented. Or when a bad tenant moves out with damages exceeding their deposit (even if you can sue them there are costs. What about when you have to evict a tenant. What about repairs to the building. The actual representation being made here is inaccurate to say the least. Can you get positive equity and cash flow, absolutely. But that comes with costs and risks that are not mentioned here.

  • @brandonbutler7281
    @brandonbutler7281 Рік тому +3

    How can I find a good property manage

  • @rons2525
    @rons2525 Рік тому +10

    Wait, I own that building. Get off my lawn

  • @tommytexter4054
    @tommytexter4054 9 місяців тому +1

    Dude forgot the income tax and maintenance fee

  • @jasonbrown4723
    @jasonbrown4723 5 місяців тому

    I’m waiting to hear you say “DAAANG”😅 good content!!!!

  • @cynthiacleaver9515
    @cynthiacleaver9515 Рік тому +3

    How did you obtain the 20% down to purchase the building with a commercial RE loan? Just curious. I am working to obtain my first property it is slow because right now my business is slow.

    • @montuna4686
      @montuna4686 Рік тому

      Normally it’s from refinancing, heloc, or selling.

    • @cynthiacleaver9515
      @cynthiacleaver9515 Рік тому

      @@montuna4686 if you don’t own any commercial real estate you can’t refinance or sell. A HELOC is for a home not commercial property. I was just curious how the 20% was obtained.

    • @montuna4686
      @montuna4686 Рік тому

      @@cynthiacleaver9515 I just told you. Refinancing, heloc, or selling. You just said you plan on buying your first property. One day you will have the option to refinance, open a heloc, or sell it. That is how you get to your next deal. I have 7 properties and I only had to come up with the down payment for the first. The rest was because the first gave me options.

    • @cynthiacleaver9515
      @cynthiacleaver9515 Рік тому

      @@montuna4686 congratulations on the 7. It’s going to take time to save the 20% for an apartment complex in a desirable area. Still won’t be able to get a heloc since they are for homes not commercial properties. Just saying.

    • @cynthiacleaver9515
      @cynthiacleaver9515 Рік тому

      @@montuna4686 after thinking about your comment sounds like you own either homes or individual condo units. I am referring to apartment complexes. True commercial properties.

  • @knowthyself690
    @knowthyself690 Рік тому +4

    Congrats 🍾. I have many that keep telling me to not do multi family housing or real estate at all. Their fears will not keep me from my shat 🌚

    • @shanestanton5481
      @shanestanton5481 Рік тому

      Do it... Just don't believe the numbers this guy is tossing out

  • @Xuepreme69
    @Xuepreme69 Рік тому +1

    Ive never seen someone like this dude who is asian, native american, caucasian, mexican, and Italian all at the same time.

  • @backslash1233
    @backslash1233 5 днів тому

    I want to do what you’re doing. My biggest question is, is there a way to quickly identify if it’s a good deal or not? I know there are formulas, but is there like an app or program where I can plug a property in and it’ll tell me if it’s a good deal or not?

  • @TeslaBoy123
    @TeslaBoy123 Рік тому +4

    Hahaha sound good to be thrue 🤯

    • @KO-zi2xf
      @KO-zi2xf Рік тому +1

      He's not mentioning all the headaches, repairs and overall work being a landlord to all those people would create. Still a great job/investment but it's not as simple as he's making it out to be.

    • @surfboard396
      @surfboard396 Рік тому +1

      @@KO-zi2xf You are correct. However he can make the necessary repairs with the positive cash flow he creates. The building looks to be in pretty good condition. If the property is maintained there will not big repairs to make. I do it with properties.

    • @TeslaBoy123
      @TeslaBoy123 Рік тому

      @@KO-zi2xf igree i a plumber and i know how landlord dealing with bad tenant many times tenant destroy entire unit after moving them landlord have to spend thausand on repairs that happening very often today bcz rent go up a lot

  • @geraldbright8990
    @geraldbright8990 Рік тому +3

    Regardless, he needed a 20% down payment, which took years to save so his total costs need to include the deferred interest income. It's not as easy as he makes it out to be.

  • @alexrojas2121
    @alexrojas2121 10 місяців тому

    Ty for explaining

  • @nhuloclang
    @nhuloclang 12 днів тому

    Hi, I am curious how you arranged parking for these units and how much land you have to build it?

  • @marlong168
    @marlong168 Рік тому +5

    Damnn man I need to do this!

  • @trexiscoolanimationsandson8487

    Good job can’t understand words out ur mouth

  • @wayslifestyle6519
    @wayslifestyle6519 3 місяці тому

    Bro sounds like that one South Park episode

  • @AndrewUSA
    @AndrewUSA Рік тому +3

    Show people this when they try to defend rent spikes.

  • @essenceessential2853
    @essenceessential2853 Рік тому +1

    Some of yall need to stop hating in the comment section acting like landlords don't exist. 😳

  • @yourlogicalnightmare1014
    @yourlogicalnightmare1014 Рік тому

    Sounds EXACTLY like the Shytti Wok restaurant character in South Park

  • @sadisticenergy3178
    @sadisticenergy3178 Рік тому +1

    Apartments and houses should NOT be cash generating investments (whats happening to canada is gonna happen in the us at this pace)

  • @GeorgeP-uj8xc
    @GeorgeP-uj8xc 10 місяців тому

    Would be interesting to go over the development costs from the beginning

  • @samacquista3629
    @samacquista3629 Рік тому

    What are your cash reserves for maintenance and repairs and replacements? Should be about 10% of the yearly gross. That’s $1600/mo. Vacancy rate needs built in. Probably more around $4k/mo net cash flow. Still a nice investment.

  • @TheItrucker
    @TheItrucker Рік тому +1

    How much did he pay for the building and the terms of the commercial mortgage?

  • @arkadandfortuna1582
    @arkadandfortuna1582 Рік тому

    This is doable. It all depends the location, city, etc. and everybody on this post is making him money via the UA-cam algorithm and viewership. He understands the concept of making money. My old landlord explained it to me back in ‘05, I should’ve listened to him.

  • @mikerosier5945
    @mikerosier5945 3 місяці тому +1

    Guys if you watch his videos you’ll see that he actually built this property from the ground up

  • @mccoyReturned
    @mccoyReturned Рік тому

    I Noticed Using a Hip Hop Swag Helps Salesmanship.

  • @user-yu7cg1xx6f
    @user-yu7cg1xx6f 11 місяців тому

    Thank you sir for breaking it down

  • @663marv
    @663marv Рік тому

    U had me at the 1.5m equity 😂

  • @tylersikes7107
    @tylersikes7107 9 місяців тому

    The last dandelion 😂

  • @cm9754
    @cm9754 11 місяців тому

    Wow..need thisbin my life..one day at a time. Thank u for awakening this in me thanks again

  • @OMMI100m
    @OMMI100m 10 місяців тому +1

    How did u make the equity and how you calculated that.

  • @joemonteirosportsshorts3343
    @joemonteirosportsshorts3343 11 місяців тому +1

    Yoooo so nobody gonna mention how this dude looks like Asian Elon Musk?😂

  • @RudyDeLaMora-kt5yn
    @RudyDeLaMora-kt5yn Рік тому

    Hmm ok nice but when did you buy the property!? and where is it located at?

  • @MzBentluvsluv
    @MzBentluvsluv 11 місяців тому

    Hood China man 😂 dropping gems

  • @LostAccs
    @LostAccs 9 місяців тому

    This guy is living one of my objectives