How To Buy 10 Rental Properties In 5 Years Using The BRRRR Strategy

If you’re making $15,000 from 10 rental properties gross you are not making $15,000 a month you’ve got to pay property tax you’ve gotta pay insurance you’ve got to pay for maintenance.
So a $15,000 gross income from rental properties is actually probably only 7500 a month or less. and if you have a mortgage, you’re probably just breaking even every month because you got to put money away for repairs.

Not work at 40

Useful video 👍

Thanks for keeping us updated! I feel sympathy and empathy for our country low income people are suffering to survive, I appreciate Patricia you’ve helped my family with your advice! Imagine investing $25,000 and receiving $75,460 in few days time

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller

Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

Thanks for the video ✅️ starting now

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

😨SERIOUSLY THOUGH!
With high market values and relatively high interest rates, how would a first time real estate investment buyer compete with local rental prices that are most likely going to be much lower than what the mortgage alone would be on the investment property?

How can rental owners manage the government allowing renters to not pay rent?

God bless you Thach, you're guiding w whole generation out of the rat race, your contribution to society is much bigger than you can imagine.

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

This is very amazing, I hope this inspires someone that it doesn't matter if you don't have any of them right now; you can start TODAY regardless of your age to invest and change your future! I wasn't financially free until my 40s and I'm still in my 40s, have already purchased my third house, earn on a monthly basis through passive income, and achieved 4 out of 5 goals. I made a wise decision when I decided to invest in the financial market

Wow, this is so easy to understand, absolutely love it!

Joe Biden / kamila Harris promised to give me free stuff. What happened ?

Do we need permission to do this?

Can you be my mentor??

👍

Max Kaiser is up 20 billion percent since 2011. Let that sink in.

How’s real estate treating you with all the additional costs and pain that is not present with Bitcoin?

Very stupid video. Doesnt address how to get good credit or the fact some people will never have good credit because of their ethnicity. Doesnt mention how most banks want you to have enough income on the property, and for two years, before it can be used to offset your debts. Doesnt mention how renting out a room is a clear ticket for an IRS hobby designation. He most likely is already rich because statistically thats the only way to succeed with this method. Doesnt mention required licensing for managing several properties. Must be nice to just be rich and then make a video expecting others get handed things like you did.

Wish I can meet you and shake the hand I'm in the eastern Washington I did 2 rentals in less of year hope I can assist to your events

Thach I know this is for educational purposes, not financial advice. I understand the steps but I wish you went more in depth on how to finance or go about getting a loan, types of loans etc, I think I’m asking for too much 😅

Is it best to buy property where states have less tax??

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family....

Con mới từ Việt Nam qua thì nên làm gì khi không có tiền chú ? Con đang tìm hiểu về credit card và con rất hứng thú về những gì chú đã chia sẻ? Không biết chú có thể làm mentor của con không ạ?

90% of people can't even afford 1 home in Toronto. Forget buying 10. Impossible! You need 200G here to get one property.

$15k/mo in rents for 10 houses
Then minus home insurance and property taxes say $200/mo in property taxes and $100/mo in home ins now you’re down to $15k-$3k=$12k/mo and we haven’t even got to expenses per unit.

Wtf is this guy blabbering.... How can someone accumulate 10 properties in the first place??

T, i cant do full brrrr in uk! I can only do brrr, refinance costs will kill! Any advice? Please?

It’s crazy to see a lot of negative comments about how bad real state is right now!! Remember trash can be gold for other. I’m 20 years old bought my first house at 19 and yes everyone said it was the dumbest thing I could of done because of prices and interest and look I just close a duplex under my primary house with only 5% and put my other house to rent making 600$ of profit and the I’m charging 1.8k for one duplex and we’ll I been living on the other one for 5 months and my mortage is 2.6 so I’m paying 800 dollars for my front duplex but with my first house profit I’m living for 200 dollars with a duplex and once’s I have a years ima buy another one and ima be able to rent the current duplex where I’m living for 1.8k as well don’t sleep on because everything always going to make money as long as you do it right

What kind of properties you recommend to invest for first time buyers ?

Great tips

When do you want to have the choice to work or not work?
Me: Now
How much passive income you want?
Me: Idk. As much as possible?

Do you teach or do conference?

Buy 3 homes flip 2 to pay back the loan and keep one for yourself for a rental property...repeat!

God Bless Sir

Why pay the lowest morgage? The interest is whrn you start the credit. At the end, you are just paying the capital you borrowed

Homie sound drunk. Sauced

Lol. Homie broke

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

The master has spoken. You all have to listen.

Peace of mind

Please do a video on how to find a mentor

Now what about if you're 50, own your primary residence outright, have no debt, a decent income and want to start investing in property so that in ten years you can can get about 3-4k net income/month? Possible?

Rubbish

This is assuming lower interest rate (much higher for investment properties), not factoring taxes; insurance; maintenance; management fees and assuming property and rent values go up or stay. Realistically, you will make 3 to 4% a year in Biden’s economy. Better to put that money in a bond and get passive income without a headache

Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $29k every single week,

With BRRRR strategy becoming more well introduced and educated, there are many buyers with goals to profit using such method. Yet the problem is that everyone knows how to calculate the number and work the formula. On top of already inflated market, it is almost impossible to buy a property to find any positive income without very big lump sum of down payment. Yes, you can easily say "make more money" or "save more money," but housing is so inflated, just to buy a decent property to live in is almost impossible in market like CA where i dwell for past 30 + years. Nowadays, banks pays out 5% interest for having the money just sitting in their CD or Mutual fund accounts. the window of profit through real estate is dead and BRRRR for average people is unrealistic, unless you are someone with experience and expertise, knowing how the below market priced property before it goes listed on MLS. Thach Nguyen! or If there is anyone out there who can teach us how to still make profit with BRRRR strategy, applying to current market, that is the golden information we would like to learn and apply in our investment. I appreciate the video and I am happy that your method worked for you in the past. However, most of the past methods, which used to work are being rapidly outdated and becoming unrealistic for current market applications. What do we do now?

This video is too QUICK FOR BIGGINERS

Its couldnt find what am lookin for next time talk to us simply straight to the point
how do you start with average income 3_5k a mounth
Whats the strategy to by your first one ? How to manage your money in between your familly home , your self with those 5k ?
If you buy your first do you repeat the cycle or not ? What to do if not ? How numbers shold be after that ? Do you go to Bank credit if you are new in usa and want to go on rental businesses or not ? If so how to proceed as an amateur?

I began investing at the age of 40 primarily by leveraging my hard work and dedication. Now, at 45 years old, I recently achieved a milestone where my passive income exceeded $100,000 in a single month. This success reinforces the importance of following this valuable advice. Take action and make it happen