How To Buy 10 Rentals In Less Than 5 Years | Proven Strategies With Results
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- Опубліковано 28 чер 2024
- Subscribe for more videos: @ThachNguyen
Thank you for watching!
About this episode:
Learn how to accumulate ten properties in five years or less with these five strategies. First, maintain a nine-to-five job to qualify for loans and save money. Second, house hack by buying your first property as a primary residence and renting out additional units. Third, explore seller financing options to purchase properties with little money down. Fourth, become a deal finder or wholesaler to earn extra income. Finally, consider fix and flipping houses to generate substantial profits. These strategies will help you build your real estate portfolio quickly and efficiently.
SPRINGBOARD TO WEALTH FUNDING: www.sbtwfunding.com/
Start your real estate investing journey with mentorship from me and my team: learn.springboardtowealth.com...
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Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.
Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.
Follow on Instagram: / thachnguyen
Timestamps:
0:00:00 Intro
0:00:28 Strategy 1: Maintain a nine-to-five job
0:01:51 Example: Tong and Channy success in accumulating eight properties while working nine-to-five
0:02:45 Strategy 2: House hacking as a primary residence to save on down payment
0:03:44 Example: Jerry's success in buying two properties with 5% down in less than two years
0:04:46 Tip: Changing the intention of buying a primary residence to renting it out
0:05:17 Strategy 3: Utilizing seller financing for low down payment and favorable interest rates
0:05:59 Example: Jason's success in buying a fourplex with only 5% down and positive cash flow
0:06:49 Strategy 4: Becoming a deal finder or wholesaler to earn additional income
0:07:49 Example: Ricky's success in wholesaling deals and making over $100,000 a year
0:09:05 Strategy 5: Fix and flip for higher income, but with more risk and effort
0:09:51Sabrina's story of using wholesaling to fast track her real estate investments
0:10:58 Using other people's money to fund real estate flips
0:11:34 Tips for maximizing income and saving money to invest in real estate
0:11:59 How to boost income through wholesaling and flipping houses
0:12:21 Conclusion - Навчання та стиль
Thach, I’ll make you proud! I’m just a Security Officer in Seattle working 100 hours a week for years, while my Beach Hotel is getting built in the Philippines! We finally open next year! We built our house there for 60k and hotel is only like 250k and we will live really good there! Have a great week!
Great job!! Congrats brother! You did it!!!
@@ruthata2068 Thanks! Almost there! We’ll get it done soon!!! LETS GOOO!!!🙏🙏🙏
@@OHANA-Beach-Suites-CDO Love it! New sub right here! I'm gonna follow your journey and hopefully soon, I will be one of your followers booking your hotel. Stay amazing bro!
@@ruthata2068 That's awesome! I'll put updates here and there but more updates on F................B..........K....Ohana Beach Suites. It's been a long hard road but I'm excited for the future. Thanks!
That’s awesome, good deal
I recently graduated at 23 years old and bought my first house hack. It’s a 4 bed, 2 bath - 2 rooms rented so far bringing in $1800. My mortgage is $2200 so I pay $400 to live in my house
My goal is to reach 25 units and become financially independent by age 32. Wishing everyone luck in their real estate journeys
Only $400? How much do you actually pay after including the property taxes and utilities at least
@@1FighterX Not sure what you’re looking for here but guess you could add on another 150 for utilities?
Nice so you just have a single family home but renting out the rooms? Where are you at about that you could find people to pay $900 a room ?
@GetSaucedOn included in mortgage payments
@@jamesjanotta2363 Texas
Hey Thach, I been watching your videos for a few years, finally I am getting my 1st rental property, and more to come in the future. Thank you for your great content.
Thank you so much for inspiring and giving me a roadmap to achieve it.
Jason is a dawg! 🙌 Definition of having a goal and being persistent to achieve it
Love the video ! The Goat 💪🏾
#2 is what I do. 4th time now. The thing you left out is, you can actually get 'exiting' rent credit to buy you next primary home. Meaning you tell the bank, the home I own now will become a rental. bank says great and gives you 75% of the market monthly rent as your income to qualify for the next home. AND, since your next property is a primary, there are no reserve requirements to have.
Thanks for the information...
Thach always giving us good game and knowledge 🔥
Thanks for the roadmap sir👍🏻
Thank you 🙏🏾
I would love to hear your thoughts on the same topic. Only difference, utilizing a va loan and being active duty.
I bought my first house in 2021 and I’m closing on #9 (sold one so only 8 owned) on Monday at the age of 26!!
Spent 3 years eating shit and working my ass off in Afghanistan and used all of that money to start my rental portfolio.
Since then I built an amazing relationship with a hard money lender, became a realtor, and that’s all she wrote!
What do you eat now?
Do you have an EIN or LLC and active bank to receive funds
@@lostquartermaster52 still shit it just tastes better.
Thanks a lot!!!
Love this content ❤❤❤
I watched that other video you are talking about. Now you came back more lively 😅😅😅
Thank you
Great video man I'm doing lot Land.
thank you so much .
Good video Thach
Great Advice!!
This is a great video! Thank you! After watching this particular video I’m much more interested in looking into the possibility of hiring you as a mentor. Keep up the good work.
Good stuff Thach! Question Regarding the second option, I purchased my first house two years ago. Now, I'm considering buying a duplex, can I buy the duplex with intent to live there, but later renting it out. Will the lender know? I'm assuming I would have to be straight forward with the lender that it's a investment property?
keep up the good work
What’s the time between you getting loans are you allowed to take those out back to back?
@everyone would it be smart to refinance my paid off home for a rent property or should I keep it paid off and rent it out
Goat 💪🏾
good job
Thach, can you do video on doing the BRRR during the economic down turn? Telsa, Microsoft, Amazon laying off their staff, it's looking like we're heading towards a recession and maybe a bigger war in ME or in the Pacific w/ China.
How to buy 10 rentals fast: start in 2008 like this guy
How does the first couple get so many properties in 18 mo. i have gotten a few after a few years but the dti kicks in and it harder to get the loans even with 20 % down. are they using
Dscr loans?
Sounds really good if house price are going up and interest rates are low, when it comes to a recession sounds like a method for bankruptcy
I purchased an extremely nice 6 acre property at the bottom of the market that a section line was going through which gave me two legal building lots. I recently found out that I could do a lot line adjustment and put that line in a more favorable spot. I also found out that I could build a main home and a detached mother in law home on each property. I purchased the 6 acres with an unfinished 5,342 sq. ft. home on it for 87k. I found out that I could build another large home on the other lot but have decided to just build a standard 3 bed, 2 bath as the main home on that lot. One of the properties is worth 1.5m with just the big home finished but I plan on building a large shop with an attached 1 bed, 1 bath apartment which would bring the value up but I'm not sure to what. Probably 1.8m possibly. The other lot with a 3 bed, 2 bath and another large shop with a 1 bed, 1 bath apartment attached to the shop would be worth 1.5m today which would give me about 3m which I would take and purchase an apartment building or possibly build one from the ground up. That's my retirement. I don't think I'd need any more than that to fulfill my dreams. The difficult part is figuring out what size of apartment building I should get and how much of a down payment I should put on it. I'm thinking of purchasing a tenplex with 5 one bed, one bath units downstairs and the same upstairs. Possibly purchasing or building two or three of these.
Thach you ever Try lease options or Contract for Deed? it sounds cool i heard about it on youtube this guy instead of being a landlord he sells his homes in a 30 year contract for Deed and they tend to not go the 30 years so the possibility of losing the house through sale is kinda low because its 30 years and only people that really are going to live there make it to 30 but i guess the downside is if they buy it you lose that rent and also the rent will not go up because they entered the contract for the amount but not having to manage it as a landlord sounds like a BIG bonus no renovating the owner practically owns it
Thaaach 😃
That’s great video, I recently bought a property in Texas 5 acres, I have 2,5 acres empty and don’t know exactly what to do.
That’s the first time I bought a property still everything very new for me.
Thank you so much! do you mentor people from other countries too?
Do you have an EIN or LLC and active bank to receive funds
Hi! Thach how do you borrow another loan from the bank after your bought your first primary home?
Do you have an EIN or LLC and active bank to receive funds
Respect
My question to Thach
What is wrong with putting 50% down in high app area and Heloc your money to buy in low app area with good app ( brrrr in low app area.. pay back Heloc) and take advantage of both Worlds??
I have 3 rental properties now and I came to a HALT after getting plans approved for a DADU. I ran into a DTI issue . I don’t understand how people have so many properties without running into the debt to income factor .
We almost have our home paid off. Considering g cash out from existing home to build 2 b3droom home for rental. Thoughts please?
Maybe a heloc to keep your rates low. The heloc interest will be higher and you need to pay it off sooner. If you cash out refi, you’ll be stuck with higher interest rates for many years
I wouldn't build a house to rent....I would do a Heloc and use the money as a down payment to get the next rental property
Makes it easier if yall get a high paying job, that 50-70k not going to cut. Im in the DC, MD, VA area
What kind of loan has a 5 % down payment that’s not FHA right which is 3.5 % ?
Thank you so much Thach!!
How do you get financing every year to go from duplex to four and four to eight and eight to 16… and so on? Is the equity from the duplex enough for the down payment of the 4 plex? Will the bank finance the 4 plex if your income hasn’t really changed? Would the lenders consider you over leveraged? How does this work?
Thing is, he doesn't respond to comments here. It's best you contact him via his other platform to get answers you need. See comments for it
Telegram
Realthachnguyen
Sounds good but where will I find property that only take 5% down payment? Not in Seattle.
Maybe not in Seattle but other places and if you can't go through the hassle, there are companies you can invest with that can help you from start finish and you get paid a ROI from them, depending on you CI
After you watch this video…. Watch it again there’s some good stuff in here.
Great video, how do you get 5% down on your second home?
Live in it for a year
Why not buying a building instead of keep buying properties?
Keep getting over bid by so little...3 to 7k...frustrating...
Do you have a investor that buys properties in Phx. AZ. or flagstaff
Do you have an EIN or LLC and active bank to receive funds
Thanks for your insight thach. However you did not elaborate on how to find these rental properties
Telegram
Realthachnguyen
definitely possible. i did 6 in 3 years. that was hard. MY recommendation is to BUILD fences around all properties from the start. There's too many meth addicts out there stealing stuff. they will also ruin your tenants experience even in a nice neighborhood, so build them walls! listen to me lol
BRRRR. Love the concept, just scary over leveraging
Thats why you need a stable income before investing
@@zart3374 I already do. Just the overleveraging and when tenants don't pay is the issue.
Scary money don’t make no money
And to study the rentability of the area
@@YoPhocFays i think when u refinance you can save some of that cash aside for vacancy’s. But definitely gotta be careful when moving big bucks around.
Hi I found your videos very useful. Is there any email to reach you and book session?
Do you have an EIN or LLC and active bank to receive funds
❤❤❤
👍👍👍
Anyone here can imagine a 169 000 triplex that's splitting in to 4 1/2 appartements ?
Do you buy first rental property on your name or business ?
That’s how people lose money. Listen to someone who knows the Real Estate Laws. You can lose your money by not knowing what the bank can do to you. if you do a creative financing without knowing it or if you buy as owner occupied but actually rent it out, the bank calls the loan. You should hire an attorney to overview your deals! There is no gimmick!
I have 200k to invest and I can’t find a property. People paying 100k over asking roi 1 to 2 % not worth the investment. In Connecticut
Do you have an EIN or LLC and active bank to receive funds
Same problems here in norcal
Maybe not but other places and if you can't go through the hassle, 1) There are companies you can invest with that can help you from start finish and you get paid a ROI from them. With that 200k, you will be set on a system that allows you choose wether you want to be paid annually or monthly like salary from you returns. 2) You might as well diversify that 200k into multiple investments, one of which being crypto trading and get a return of 1-2% daily and in 3-6 months you might have racked up you capital and gains... Making more than you can imagine
@@robbb8908Maybe not but other places and if you can't go through the hassle, 1) There are companies you can invest with that can help you from start finish and you get paid a ROI from them. With that 200k, you will be set on a system that allows you choose wether you want to be paid annually or monthly like salary from you returns. 2) You might as well diversify that 200k into multiple investments, one of which being crypto trading and get a return of 1-2% daily and in 3-6 months you might have racked up you capital and gains... Making more than you can imagine
I am a 17 years old kid that wanna learn how ur kid do the laundry business
Do you have an EIN or LLC and active bank to receive funds
@@Grantwallacemailacortaija yes
Check description to apply
!!
You forgot to mention. Fooling around with a guy she just met ! 🤦🏼♂️
Come on man!!! You make seem like 200k is an average salary. Do you know that only 6% of Americans make 100k or more a year. I guess this channel only caters to 6% of wealthy Americans. I wish there was a channel or some kind of training for below average people who make less then 100k a year
save money, work a second job, side job, don't buy, what you don't need.
Scammer people don’t listen to him
Nope 👎. Click bait and completely incoherent playing on the hapless
He needs to be banned from UA-cam
Why????
How many persons have an EIN or LLC and active bank to receive funds
So flipping isn't worth it if it's less than 100k or 50k?
Do you have an EIN or LLC and active bank to receive funds
Do you have an EIN or LLC and active bank to receive funds