Mike was real relatable and realistic in his approach. Good to see a normal on the ground that doesn't own 100+ properties that most people cant relate to. If it works in their favor to get another short term rental, I think that would be golden
There is another strategy that no one talks about. This one is about the long game. My friends family father and his father made a rule in their family that they never sell property if they can help it. They pass it down to a family trust account and keep it as an asset and rental. They have 15 homes this way and their homes are all paid in full. The income is redistributed through an investment account and they split dividends.
Instead of purchasing many properties with little equity, I purchased 4 LTR and 1 STR and paid off the mortgages. These will fund the bulk of my retirement.
Maxrotor very cool on what you’ve done so far. Just remember when you ready to retire and you want to cash out be forward thinking about the potential tax issues. Plan now
Twenty years ago I buildt a "tiny home" on my primary residence, moved into it and rented out the primary residence. That added income allowed me to make extra principal payments resulting in paying off the mortgage. From the point of being debt free I decided to purchase another residential home using the loan value of my primary residence at a very fortunate 2.75% fixed interest rate. While rates are certainly higher today, I believe others can still look to rental realestate to secure their financial futures. Best!
Mike's story is a powerful reminder that success in real estate isn't just about scaling up-it's about finding what works best for you and sticking with it. Inspiring how he's turned his one property into a life-changing investment! 🏡
Im dealing with similar situation. Neurological degenerative spinal issues. Bought home '08 had to go on disability which kinda limits your scaling. Very pleased with investment in '08. Helps offset living expenses as i get older. Which isnt bad either.
Great video! Being disabled myself, it’s great to see that is video! Great push forward! Keeping it simple. I don’t want to be the richest corpse in the cemetery! 😂
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.
@@derrickholfman2 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is ' Annette Christine Conte '. I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
I just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.
I have one rental and it has been the best thing I have ever done for my future and it is paid off. So grateful that I listened years ago to doing more with that I already have.
Mike makes a good point about synergies between the corporate world and managing his own investment property. If you’re good at developing sound processes and project management, you do almost anything.
Interesting. We gave the STR business a year trial run (9 months Air BnB, 3 months Visiting Nurse) and did Ok but only OK. House: 2/2/ 1 one mile to the beech Gulf Coast FL.) In our area, the business is competitive (saturated). We are in our 70s, it was a learning experience. However, we were not interested in being in the cleaning business and went back to LTR after a year. Good luck.
I'm kind of a duplicate of this guy, even retired from a software development company. The home on acreage in the pine trees in Colorado I built in 1990 was paid off almost 2 decades ago. I looked at the numbers of real estate investors who net less than I do with a dozen leveraged rental homes. Minus the headache of managing multiple properties. With 100% passive income, a decent retirement savings, pension and SS makes for a comfortable retirement, minus all the BS that comes with a large number of properties. Great video BTW.
@@JacobsNews that would be his choice, I could and I didn't. BTW- 2009 was the time to buy foreclosures and Short sales. I bought one for 10 cents on the dollar, leased it for 10 years then gave it to my son. My only rental has great tenets, that's how I want to keep it. I enjoy being retired and out in my RV, or working my ranch, not babysitting tenets.
@@HighCountryRambler If you only bought 10, you could have created generational wealth and created a legacy you were so close. And in the 1990s was your time to buy in places like Florida any coastal town on the East Coast
I Airbnb ‘d my beach house in Pacifc Grove for six years. I also had my personal number etc available to guests. I would not I repeat NOT do that again. Over and over the guests would text me rather than read the directions etc. often with special requests or common sense questions. My guest were by and large from the San Francisco Bay and on a special occasion weekend. The money was very good but make no mistake, this is a job that takes time, energy and money way to keep it going. It’s not “passive” income in any sense of the word. I would not do it again as an STR. I eventually switched to mid term and was happier. Next will go to long term . Like a vacation for me!
@@amiealexander6411I agree. I have both LTR and STR. I get calls on everything from leaky toilets to missing remotes. I probably average about 1 hour per week. The key is to surround yourself with a strong team.
My son in law recently woke with distorted eyesight. Lots of tests done, diagnosis 6th cranial nerve palsy. Drs did not give a good prognosis. I had heard of a natural therapy called Spinal Flow Therapy, I suggested he just try it out. It has been 12 weeks and my son in law has recovered and now back at work. He has 3 young children and a mortgage. My daughter works part time, he was the main bread winner. It is such a relief to the family. Still nervous as it turned up out of the blue with no symptoms😳
Don’t need the headaches, REITS do all the work and pay monthly or quarterly. Insurance and property taxes will continue to increase along with maintenance.
Started in 2020 and I have seven properties now in Vegas. I was buying one to two a year and it held like I have enough now. May shift to just paying these off
I never liked the idea of having to pay for my cost of living. So I bought a 6500 SF Victorian and converted it into rentals. I occupy about 4000 SF and I created 2 apartments in the house with about 1250 SF each. They have separate entrances and I rarely see or hear the occupants. The rents cover the mortgage and there's plenty of money left over for living expenses. So that took care of the pesky mortgage. This allowed me to accumulate a significant amount of money from my job that I could deploy into stocks. I thought about buying a few more properties but my other investments have done so well, it doesn't seem necessary. One property is great!
Living next to tenants is actually better most times . I got screwed when I moved away from tenants. I'm also pretty large male and I think folks don't want to fk with me...I give off that vibe.
My father owns 20 units and is about to buy a 6-plex. He’s 79 and works full time on those properties. He loves it and it keeps him healthy. But it’s a full time job. I spent my childhood cleaning, putting on roofs, fixing plumbing, etc. I have zero interest in owning property and I’ve found property management companies to be worthless. Personally I invest a chunk of my portfolio in REITs. I dread the day my father dies and I have to worry about owning/managing 26 properties.
@@DavidKroff Ha ha! You sound fun. I don’t want or need an inheritance. My awesome parents made it clear at an early age I’d have to earn my own way in this world…and I respect them for it. Worked my way through two college degrees which paid off handsomely. Everything I have I worked for..I just don’t want rental property. Perhaps it’s PTSD from cleaning those disgusting things as a child? My parents can donate whatever they have to their church when they die.
@@DavidKroff Why are you angry that I personally don’t like owning apartments? I mean…I wouldn’t tell you which investments you should choose. It’s…weird that you’re so passionate about my investment preferences. 🤔
@TrendyStone I don't care what you do, I'm like your father. I only have 10 rentals. I didn't ask my kids to help me because my son is a pain in the ass. When I go, they are free to sell them. I just hope they are grateful. I don't mind working on them. And I enjoy the first when I get 8-10k. My units are below market rents so people don't move often. But when they do, I update them to not leave my kids a bunch of junk. My son invented an internet game at 14 and has made 6 figures for 20 years. He and my daughter don't really need the money either. But because I've had them so long. I'd have to pay a lot of taxes that they won't have to. Sorry if I sounded disrespectful.
It is a well known fact that most wealth in this country is from real estate investment. In most cases, ownership of a single property is not going to catipult you into the upper echelon of wealth.
I bought a little rent to own at the end of 2015 that I will have paid off next year. I'm going to fix it up and rent it out eventually but I think I'll just live in it, save up enough money to buy land and build a bigger house with a pool with no neighbors 1st and then use the rental income for whatever. Cheers!
Thats my plan...one rental. I paid cash for my house 85k. I plan on renting it when i buy another house in the next year or 2 . rent until i retire and sell. My 85k will go from 85k to over 200k. smaller equas less stress.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Much credit goes to *Izella Annette Anderson* for her significant contributions. She maintains an online presence, making it easy to locate her. While other advisors might pose challenges to find Zella has proven to be an excellent mentor throughout the year.
oh! i never take this advises online seriously, but i checked Izella up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
I agree with the one rental strategy. I learned from my parents that one can have two homes, one to live and another to rent and live off. That is what my husband and I have done. We purchased one, no cash down with VA as soldiers, then we sold it after the pandemic, bought a local home that is now a rental where we are living, and now we are ready to pay it off to live off the rent. Sometimes is about quality of life and enjoying our children. Success to all!
Sometimes, though, you NEED to make an investment: as in moving an elder away from stairs who isn’t ready or doesn’t want the corporate end of life path that no one ever asked for or expected.
I did this, however after purchasing my first duplex I was not allowed to purchase another multifamily property unless it was 100 miles away from my property or I had 20% down payment ( this is what I was told by a lender) So we began to buy SFH. This was back in 2020. Have rules changed??
I think it was along the lines of he's constantly looking for another investment property, but he isn't anxious to buy one. He has identified a few, but the deals fell through. That is, other people bought the properties before he decided to, or the seller took the properties off the market.
This is weird - I clicked on the links to the website to check out your bookstore and got an access forbidden message. I’m traveling overseas right now. Do you deny access to your website from anywhere outside the US or select countries?
Closing date/Billing cycle… paying the whole balance before the end of billing cycle will only maintain a good to very good score but wont raise it beyond that, you’ll need to maintain utilization under 10%, excellent payment history & a installment loan(s) to acquire an Excellent Credit Score.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Stocks in the short term look more likely to move downward. I Just inherited $500k which I Look forward to invest. what stocks should I look into as a newbie to safely grow my money?
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025.,..
It does sound wild. To be fair, middle class depends on your Cost of Living (COL) area. Idaho in general is pretty low-COL if I'm not mistaken, and making Intel money for 10+ years in a low COL area he was definitely piling up $$$
We need more of this content…feels practical to interview the real investors on the ground
Good stuff. Practical and real. I drifted away from BP because this type of content disappeared. Thanks for bringing it back.
Same plus I bought in 2020 and shit hit the fan after 😂
same
Mike was real relatable and realistic in his approach. Good to see a normal on the ground that doesn't own 100+ properties that most people cant relate to. If it works in their favor to get another short term rental, I think that would be golden
There is another strategy that no one talks about. This one is about the long game. My friends family father and his father made a rule in their family that they never sell property if they can help it. They pass it down to a family trust account and keep it as an asset and rental. They have 15 homes this way and their homes are all paid in full. The income is redistributed through an investment account and they split dividends.
Instead of purchasing many properties with little equity, I purchased 4 LTR and 1 STR and paid off the mortgages. These will fund the bulk of my retirement.
I own 2 4plexes and a couple houses and live very comfortable.
Maxrotor very cool on what you’ve done so far.
Just remember when you ready to retire and you want to cash out be forward thinking about the potential tax issues.
Plan now
@@jeffconley819 You should do a video on this topic.
@@jeffconley819 Everything's in a trust. My lawyers are on it.
What is LTR and STR?
Twenty years ago I buildt a "tiny home" on my primary residence, moved into it and rented out the primary residence. That added income allowed me to make extra principal payments resulting in paying off the mortgage. From the point of being debt free I decided to purchase another residential home using the loan value of my primary residence at a very fortunate 2.75% fixed interest rate. While rates are certainly higher today, I believe others can still look to rental realestate to secure their financial futures. Best!
An actual normal person interviewed? Not your usual owner of 45 properties, blah blah blah. How refreshing.
Right
Yeah. This gives me hope that I can just rent out my house in Florida and go somewhere else for a while
I have exactly 45 properties and I feel attacked 😒
@@gregrothfuss that’s because you are a ambitious A- hole! Keep it up bro!
Mike's story is a powerful reminder that success in real estate isn't just about scaling up-it's about finding what works best for you and sticking with it. Inspiring how he's turned his one property into a life-changing investment! 🏡
Im dealing with similar situation. Neurological degenerative spinal issues. Bought home '08 had to go on disability which kinda limits your scaling. Very pleased with investment in '08. Helps offset living expenses as i get older. Which isnt bad either.
Great video! Being disabled myself, it’s great to see that is video! Great push forward! Keeping it simple. I don’t want to be the richest corpse in the cemetery! 😂
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.
@@derrickholfman2 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is ' Annette Christine Conte '. I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
I just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.
I have one rental and it has been the best thing I have ever done for my future and it is paid off. So grateful that I listened years ago to doing more with that I already have.
Mike makes a good point about synergies between the corporate world and managing his own investment property. If you’re good at developing sound processes and project management, you do almost anything.
Interesting. We gave the STR business a year trial run (9 months Air BnB, 3 months Visiting Nurse) and did Ok but only OK. House: 2/2/ 1 one mile to the beech Gulf Coast FL.) In our area, the business is competitive (saturated). We are in our 70s, it was a learning experience. However, we were not interested in being in the cleaning business and went back to LTR after a year. Good luck.
I would think LTR of my three rooms and leave one locked for myself to come back to. I can just travel or roam around a while. I might do that
I'm kind of a duplicate of this guy, even retired from a software development company. The home on acreage in the pine trees in Colorado I built in 1990 was paid off almost 2 decades ago. I looked at the numbers of real estate investors who net less than I do with a dozen leveraged rental homes. Minus the headache of managing multiple properties. With 100% passive income, a decent retirement savings, pension and SS makes for a comfortable retirement, minus all the BS that comes with a large number of properties. Great video BTW.
That's silly this guy would have bought every house he could in 1990😂
@@JacobsNews that would be his choice, I could and I didn't.
BTW- 2009 was the time to buy foreclosures and Short sales. I bought one for 10 cents on the dollar, leased it for 10 years then gave it to my son. My only rental has great tenets, that's how I want to keep it. I enjoy being retired and out in my RV, or working my ranch, not babysitting tenets.
@@HighCountryRambler If you only bought 10, you could have created generational wealth and created a legacy you were so close. And in the 1990s was your time to buy in places like Florida any coastal town on the East Coast
This is a great video! Guest shared a nugget thats about to change my life!
I enjoyed this particular episode the BEST because I can relate more. Thank you Mike.
I Airbnb ‘d my beach house in Pacifc Grove for six years. I also had my personal number etc available to guests.
I would not I repeat NOT do that again. Over and over the guests would text me rather than read the directions etc. often with special requests or common sense questions. My guest were by and large from the San Francisco Bay and on a special occasion weekend. The money was very good but make no mistake, this is a job that takes time, energy and money way to keep it going.
It’s not “passive” income
in any sense of the word.
I would not do it again as an STR. I eventually switched to mid term and was happier. Next will go to long term . Like a vacation for me!
@@amiealexander6411I agree. I have both LTR and STR. I get calls on everything from leaky toilets to missing remotes. I probably average about 1 hour per week. The key is to surround yourself with a strong team.
Oh nice! I'm definitely going to try this. Just got to be on disability and then buy a nice lake house and have a full-time job running the Airbnb
My son in law recently woke with distorted eyesight. Lots of tests done, diagnosis 6th cranial nerve palsy. Drs did not give a good prognosis.
I had heard of a natural therapy called Spinal Flow Therapy, I suggested he just try it out. It has been 12 weeks and my son in law has recovered and now back at work. He has 3 young children and a mortgage. My daughter works part time, he was the main bread winner.
It is such a relief to the family. Still nervous as it turned up out of the blue with no symptoms😳
Don’t need the headaches, REITS do all the work and pay monthly or quarterly. Insurance and property taxes will continue to increase along with maintenance.
Hey, any Reits you recommend on fidelity? Thanks.
Started in 2020 and I have seven properties now in Vegas. I was buying one to two a year and it held like I have enough now. May shift to just paying these off
Relatable, real, great advice! Really enjoyed this episode.
I never liked the idea of having to pay for my cost of living. So I bought a 6500 SF Victorian and converted it into rentals. I occupy about 4000 SF and I created 2 apartments in the house with about 1250 SF each. They have separate entrances and I rarely see or hear the occupants. The rents cover the mortgage and there's plenty of money left over for living expenses. So that took care of the pesky mortgage. This allowed me to accumulate a significant amount of money from my job that I could deploy into stocks. I thought about buying a few more properties but my other investments have done so well, it doesn't seem necessary. One property is great!
That's huge. What city do they have those?
@@DavidGalan777 Denver. I moved in on Christmas eve 2002.
That's great. House hacking. Some people say they wouldn't want to live with tenants
Living next to tenants is actually better most times . I got screwed when I moved away from tenants. I'm also pretty large male and I think folks don't want to fk with me...I give off that vibe.
My father owns 20 units and is about to buy a 6-plex. He’s 79 and works full time on those properties. He loves it and it keeps him healthy. But it’s a full time job. I spent my childhood cleaning, putting on roofs, fixing plumbing, etc. I have zero interest in owning property and I’ve found property management companies to be worthless. Personally I invest a chunk of my portfolio in REITs. I dread the day my father dies and I have to worry about owning/managing 26 properties.
You sound like a spoiled brat. I hope he will them too someone that actually responsible.
@@DavidKroff Ha ha! You sound fun.
I don’t want or need an inheritance. My awesome parents made it clear at an early age I’d have to earn my own way in this world…and I respect them for it. Worked my way through two college degrees which paid off handsomely.
Everything I have I worked for..I just don’t want rental property. Perhaps it’s PTSD from cleaning those disgusting things as a child?
My parents can donate whatever they have to their church when they die.
@@TrendyStone I hope they do.
@@DavidKroff Why are you angry that I personally don’t like owning apartments? I mean…I wouldn’t tell you which investments you should choose.
It’s…weird that you’re so passionate about my investment preferences. 🤔
@TrendyStone I don't care what you do, I'm like your father. I only have 10 rentals. I didn't ask my kids to help me because my son is a pain in the ass. When I go, they are free to sell them. I just hope they are grateful. I don't mind working on them. And I enjoy the first when I get 8-10k. My units are below market rents so people don't move often. But when they do, I update them to not leave my kids a bunch of junk. My son invented an internet game at 14 and has made 6 figures for 20 years. He and my daughter don't really need the money either. But because I've had them so long. I'd have to pay a lot of taxes that they won't have to. Sorry if I sounded disrespectful.
It is a well known fact that most wealth in this country is from real estate investment. In most cases, ownership of a single property is not going to catipult you into the upper echelon of wealth.
This dude definitely made me rethink my strategy. I'm glad to hear a unique perspective from a single unit real estate angle.
Great insights and thank you Mike!
Three is a handful. I was done. They are constantly being destroyed.
❤❤❤ thank you biggerpockets n Mike.
This was really insightful, thanks!
I self manage my rental too. 👍
I bought a little rent to own at the end of 2015 that I will have paid off next year. I'm going to fix it up and rent it out eventually but I think I'll just live in it, save up enough money to buy land and build a bigger house with a pool with no neighbors 1st and then use the rental income for whatever. Cheers!
Thats my plan...one rental. I paid cash for my house 85k. I plan on renting it when i buy another house in the next year or 2 . rent until i retire and sell. My 85k will go from 85k to over 200k. smaller equas less stress.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@@hunter-bourke21Impressive can you share more info?
Much credit goes to *Izella Annette Anderson* for her significant contributions. She maintains an online presence, making it easy to locate her. While other advisors might pose challenges to find Zella has proven to be an excellent mentor throughout the year.
oh! i never take this advises online seriously, but i checked Izella up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
I agree with the one rental strategy. I learned from my parents that one can have two homes, one to live and another to rent and live off. That is what my husband and I have done. We purchased one, no cash down with VA as soldiers, then we sold it after the pandemic, bought a local home that is now a rental where we are living, and now we are ready to pay it off to live off the rent. Sometimes is about quality of life and enjoying our children. Success to all!
Great Episode !
Sometimes, though, you NEED to make an investment: as in moving an elder away from stairs who isn’t ready or doesn’t want the corporate end of life path that no one ever asked for or expected.
The stress of work does not put us over the edge, we just keep working ourselves without balance.
Where’s the link for the lake house, sounds like an awesome place to vacation! Great tips for us older folks too
The answer to the title on the video is… “they started late in life and haven’t been able to find anything.”
I missed the part where he rationalizes why one rental is all you need. Did I miss it or was the title more clickbait?
I believe, he was saying it wasn’t possible in this market. He is content with that
Yes I was wandering if I missed that part of the episode
He’s full of Bullshot 😊
This may work for a guy with one guest….but we have 100 listings and would never give out personal cell again….we have a 1-800 number at this point.
I did this, however after purchasing my first duplex I was not allowed to purchase another multifamily property unless it was 100 miles away from my property or I had 20% down payment ( this is what I was told by a lender) So we began to buy SFH. This was back in 2020. Have rules changed??
So he hasn't said once why he decided to invest in only one rental property?
I think it was along the lines of he's constantly looking for another investment property, but he isn't anxious to buy one. He has identified a few, but the deals fell through. That is, other people bought the properties before he decided to, or the seller took the properties off the market.
Great interview 🍻💪🏽
Keep it short and simple everybody is interested in it already pls
GREAT SHOW!!!
This is weird - I clicked on the links to the website to check out your bookstore and got an access forbidden message. I’m traveling overseas right now. Do you deny access to your website from anywhere outside the US or select countries?
watch out for car tels to book them and use them. hes smart turning off autobook
Wow, does that really happen?
Pay the whole balance off by the closing date, NOT the due date.... every single month!!!!
What's the difference between the closing date and the due date?
Closing date/Billing cycle… paying the whole balance before the end of billing cycle will only maintain a good to very good score but wont raise it beyond that, you’ll need to maintain utilization under 10%, excellent payment history & a installment loan(s) to acquire an Excellent Credit Score.
I liked BP where it had peeps from all wals of life
What does he mean 12:12 "I only take payments through the tool." ?
What were his numbers though? Like is it making a lot? Did I miss it?
Smaller is better not overwhelming
Good advice for the new starter.
"why buy more if youre doing so well with your first one?" lol right... you only scale when things are going poorly...
Interesting perspective. True. I slow flip, only 4 houses in 22 years. My cash balance and spending amount kind of dictate my speed.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Do you need 300 doors to manage and have a headache over?
Stocks in the short term look more likely to move downward. I Just inherited $500k which I Look forward to invest. what stocks should I look into as a newbie to safely grow my money?
So his whole strategy is not to just have one place he just hasn't found the next place yet
Where is the vacation rental located?
Do this more
I have 19 units, and I am always sort of looking for another one, but then I tell myself, 19 is probably enough LOL.
I'm OCD. If I had 19 units I would want at least one more. Nice even number 😅
I had a friend, fellow investor, and he was always looking for another rental. He was 85 and had plenty. He just liked the game. I can see that.
Toyota Corona ❤
heard that too lol
Love it
I am not super young but I have time 36 years old. I like the idea of triplexes, duplexes, fourplex.
Do it! Do it now
😂😂 this guy is funny
over valued mud huts are not a investment
The title says "expert investor". But he took out a HELOC loan on his house to go into more debt on another air bnb 🤔
You're wasting your time in RE going forward. All the moneys been made and the downside risk out weight any potential gain.
Lol ok bud. Stay on the side line. More for the rest of us
@stevend481 you're economicly naive. Suggest you read "Extraordinary delusions and the madness of crowds"
That’s good
How find your forum?
biggerpockets.com/forums!
More opportunity if you’re younger?? How??
He means when you can move into to a multi family for a year and continue to redo the process. It’s easier if you are young without a family
So he AIRBNBd it
He can’t scale, he’ll lose his SSD.
What happened to Brandon and David ??
So if he was starting now, he wouldn't.
Engineers are best!
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025.,..
Bring a woman real estate investor to also share with us , thank you
is this guy brandon turners cousin LOL
so middle class is top 20% now? great
full time disability*
He went on disability….
Why is this guy on disability? He is obviously able to work, he runs his own buisness for crying out loud!!!
you sound like you know him well. Go talk to him face to face.
I haven't listened to this yet, is this about trying to limit white dudes to one property?
Dude, you bought a lakehouse? 8hours away from your home? For your family to enjoy? Ummmmm ok do you have a Cessna?
Honest question - is "we had a few properties" and "we were middle middle class" sound right to y'all? I think I'm poor as shit than🫣😅
It does sound wild. To be fair, middle class depends on your Cost of Living (COL) area. Idaho in general is pretty low-COL if I'm not mistaken, and making Intel money for 10+ years in a low COL area he was definitely piling up $$$
Being a millionaire is the new middle class, if your wondering.
@@frankfitz3421 ahh shit, I'ma bum 🤣😭
@pasha_houston ya but your a happy bum