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Subscribe for more videos: @ThachNguyen Thank you for watching! Start your real estate investing journey with mentorship from …
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I can’t wait
BRRRR strategy is solid!
I’m 47 with 3 doors. I slacked on stacking more but now gut my mind right and want to stack. I have about 500k in equity. Should I use a heloc to stack other properties
The issue is that either the rental 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!
You can also use the Avalanche method where you pay off the mortgage with the highest interest.
But Thach, whats the point of dieing debt free with a million in equity? I would rather die with zero, and spend my million while im alive.
I'm trying 2 get another house and rent it out here in California appreciate your knowledge
The one thing I'd add is that, while paying off the smallest-biggest debts is fastest for peace of mind, it's faster and makes more money overall to pay the highest interest debt first
Thach, thank you.
Inflation adjusted realistically he would’ve only needed roughly 3-5 nice properties to make $15k a month in todays standards
Does BRRRR still work with the high interest rates?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
That's a solid amount to get started with. The first thing that comes to mind is either putting it toward a down payment on a rental property or looking into real estate investment trusts. A rental property can give you consistent cash flow, but REITs are more hands-off
what should i do to reach 500k/month half passive income in 10 years
Thach is using California numbers. But it will work in different markets
How would you structure taxes and llcs
hahaha all depending if the house prices all go up!
can rent them all 365 days
using property managers or not.
taxes on income.. insurances..
dude..
come on
Theyre going to start taxing rentals a lot more and homes that sit empty.
You’re not cash flowing 15k a month, you still hv to pay taxes and insurance so you’re at 7500$ a month cash flow.
In my opinion, house prices will continue down as people leave the state and prices correct due to market pressure. The problem with Florida is the property taxes increased based on the boom and the cost or inability to obtain homeowners insurance. Florida's in for a rough 5 years imo.
Successs❤
What about paying property tax and income tax? If you put down 20%? In my opinion, it’s really hard to make passive income.
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree—it can withstand storms and still grow strong