Complete Cost Breakdown of Building A New Construction Apartment

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11 ай бұрын

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Thank you for watching!
Start your real estate investing journey with mentorship from me and my team: learn.springboardtowealth.com...
For business inquiries, partnerships, sponsorships, and collaborations: bizthach@gmail.com
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

Пікірлер: 884

@edwinhunnet2666 11 ай бұрын

It’s nice to have parents who are entrepreneurs. Shout out to all the kids who came from nothing with no guidance and made it out the rat race like thach himself. You guys are the true mvps.

@Motionpicturelife2 11 ай бұрын

Hate won’t get you further along in life.

@ThachNguyen 11 ай бұрын

I am thankful that my mom and dad got us out of vietnam and give us the opportunity to be here in the US. I took the opportunity to learn about RealEstate and be successful and today I want to teach my kid how to successfully also. I teach them how to fish vs giving him the fish.

@edwinhunnet2666 11 ай бұрын

@@ThachNguyen please be my mentor!

@TheManzanoShow 11 ай бұрын

@@ThachNguyen teaching all of us !

@ToletRealtor 11 ай бұрын

@@ThachNguyen Thank you. I am learning a lot from you.

@bajansixfooter 10 ай бұрын

I actually liked this video. No fluff. It wasn't supposed to be a step by step, but an overview. I really like the getting the kids in on the action. Impressive

@DRESIERRA 10 ай бұрын

The transparency is crazy. Thank you!

@user-pn8zt7mf8p 10 ай бұрын

Wow!!! Well done. I thank you for sharing this information with us. Guessing you have decades of experience doing this and to share this valuable information is very kind. My wife and I are retired so we have the time and resources to build something down here in AZ for more income. You have inspired us Thach!! Thank you again.

@magiala5577 10 ай бұрын

This is an important video in regards of construction cost. I say he did a good job breaking down each part of the construction phase from start to finish. Understand there are more details, but he definitely covered the gist.

@alicebenard5713 10 ай бұрын

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

@Jessicatorres_768 10 ай бұрын

That’s crazy, I’m just doing everything wrong with my portfolio

@KatherineAnderson-lm8bw 10 ай бұрын

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.

@PhilSommer2 10 ай бұрын

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

@philipcollen482 10 ай бұрын

Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

@brittanynicolette9473 10 ай бұрын

Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)

@ctowngambler 10 ай бұрын

You did a great job, breaking down the cost and, not dragging out the video. Here’s to continue success on your KZfaq channel too

@GeorgeGetsItDone 10 ай бұрын

Total invested 3.7million borrowed & 500K his cash so 4.2Million over 3 years to build. He said the gross is 40K for 31 units so that's roughly $1300 a month rent. He said his monthly expenses $24,500 or $15,500 a month positive cash flow. Few things i noticed he didn't point out. (Maintence Monthly Expense (Materials and Labor) and also Property Management. That 15K a month can easily dwindle with those costs plus take into consideration vacancies, and move outs and any rehab work needed when a tenant moves out. I doubt highly that he is making that money cash flow on this property. Also saying his property will double in value every 10 years again that's a big IF. I believe this guy is successful but i rather have him paint a more realistic picture of the investment and expenses.

@jaydeeare285 10 ай бұрын

He also left out utilities and sewer/trash service. Factoring in ALL the expenses I don't see him netting very much at all - especially considering the debt he is carrying on it. As for "doubling" every ten years, yeah that's just nonsense. He's actually upside down on it now based on his real cap rate.

@PB111627 10 ай бұрын

Everything is new! He does the property mgt! Tennants pay for garbage!

@GeorgeGetsItDone 10 ай бұрын

@@PB111627 people break things, common areas need cleaning

@jaydeeare285 10 ай бұрын

@PB111627 He does NOT do the property management. You can see who the property manager is on a streamer in front of the building advertising vacancies. And it doesn't matter if a property is new, it still has to be MAINTAINED and is no longer "new" the moment a tenant moves in and starts wearing things out and breaking things. And WRONG AGAIN about tenants paying for their own garbage lol. In Seattle only landlords can open water, sewer and garbage accounts for their buildings. Anything else you want to be wrong about? Lol.

@PB111627 10 ай бұрын

@@jaydeeare285 So what about if you own your own property whose do you get to open the water, sewer and garbage seeing that in Seattle only landlords can open these accounts? The appliances can be written off over their use period? Just because their is a sign you assume they are doing the maintenance? Maybe he is being paid for that advertising?

@christo2333 9 ай бұрын

Thach, thank you!! What a great video! Incredible to see what happens behind scenes for a deal like this.

@wilfredmotosue2615 6 ай бұрын

Thach can give us all this information but only about 1 % of us might venture out to do this because it takes GUTS to dive into a development like this. Not easy. But I subscribed to his channel to learn more . Seems like a straight shooter to me. Thanks Thach. His kids are the luckiest. I want to teach my kid how to do this in the future.

@andynelson9225 10 ай бұрын

So so impressed Thach. You are an inspiration!

@365sales 7 ай бұрын

I am looking for this type project and I am glad I watched this video. Thank you for sharing it!

@cwill5447 7 ай бұрын

Wowwww Absolutely Amazing Lots of lessons in this video. Thank you

@nofuchu 10 ай бұрын

very straight forward.. love this Though I was looking forward to a long breakdown, I'm glad I came across this video. Looking to embark on a project like this soon.

@praneshsingh7840 10 ай бұрын

Congratulations 🎊 👏 hope your hard work keeps bearing fruits for you

@banginzaza 10 ай бұрын

This exactly what I've been waiting for 🙏

@WilliamsSkilliams 11 ай бұрын

Damn, this video was stacked! Thank you for not dragging it out to a 30-40 minute video. I’m a carpenter/ architecture student hoping to do something like this after I get my license. This was really inspiring! Again the way you broke it down was awesome. Great video

@ThachNguyen 11 ай бұрын

I try to get to the point as fast as possible and still give people alot of information so they can do it himself one day. If not, they always can be mentor by me in the future.

@wuziye7832 11 ай бұрын

Exactly my thought, initially I thought it’s a click bait😂

@joeyork9891 10 ай бұрын

@ThachNguyen Hell. I wish community would invest together and forget crypto and wall scams

@coreyfranco7060 10 ай бұрын

Hopefully he remembers plumbing and hvac on the next building

@joeyork9891 10 ай бұрын

@coreyfranco7060 Over rated.

@chinyereapakama298 Күн бұрын

Thoroughly enjoyed this video. Loads of love to you and your wonderful family. 🎉🎉🎉🎉🎉🎉🎉

@Mencius101 10 ай бұрын

Thanks for sharing this! Great video. Need to also factor in reserves for repairs and vacancy as part of your operating costs since you’re bound to incur these costs down the road. You don’t want to have to pay for these personally.

@MJJSmoothCriminal 5 ай бұрын

This video was golden ,Thach! more videos like this please.

@jamaico96 10 ай бұрын

Appreciate the information. Wish you all the success. God bless.

@brianmchugh3724 10 ай бұрын

This is extremely high quality content.

@straightup7up 10 ай бұрын

This man embodies the American dream - smart risk taker, not afraid of uncertainty or getting his hands dirty. Nice job, sir.

@mjcma1977 9 ай бұрын

Great video thanks for sharing your expertise, experience and most of all your MINDSET! Nice shirt 💡

@benb5742 7 ай бұрын

Thumbs up for teaching your kids the game.

@bboylorettoEight08 7 ай бұрын

Great video !!! Happy holidays

@kompshi 10 ай бұрын

i like how he is teaching the kids financial plannig for future

@POODYWORLD 9 ай бұрын

Great video. I am training my mind to work with big numbers so everything is working out

@altynnazar 2 ай бұрын

Thanks for sharing with all the expenses and even interest rates.

@DJTrinivibes4U 7 ай бұрын

Legendary investor, businessman and father

@subwaypapii6811 10 ай бұрын

Best thing I've seen in KZfaq this year

@jjjj66230 8 ай бұрын

This dude is TOP G

@heavyizthacrown-5842 2 ай бұрын

Thanks for this video!

@thecoffeeguy8723 10 ай бұрын

All the way from South Carolina excellent video!

@php777 10 ай бұрын

Great video, thank you!

@user-te9lc3cq3h 10 ай бұрын

🎉Great Family b2b Atlanta is no joke… You are a pioneer!

@bryce6870 10 ай бұрын

Wow n thank you it's very interesting to know the cost especially when it's millions for the total project

@Nuclehead551 11 ай бұрын

Great video bro. Thanks

@dicegame26 11 ай бұрын

That’s Awesome!!!👍🏿

@Confidence8595 8 ай бұрын

You are one person I take serious.. I am really interested in real estate development.

@amlak.azarme4126 10 ай бұрын

You are an excellent consultant, you are experienced. I am a female consultant from Iran. I watch your videos. You explain very well

@ShakilEjazIqbal 6 ай бұрын

Amazing stuff 🙏. living the American dream🤓

@vjiggy81 10 ай бұрын

Amazing video. 🤔 i really enjoyed that. 🙂

@Kidd_realm 9 ай бұрын

Great video breakdown 🎉

@user-sj3to8jz7d 11 ай бұрын

Amazing !

@danieleduardodiazramirez7128 9 ай бұрын

Maestro 😮 congratulations

@belovedekom 10 ай бұрын

Just wow, love that

@ivanangeli 10 ай бұрын

only thing I can say is, bravo. You made a passive income source, and you worked on it for 3 years - for 100k passive income per year, that is amazing. Nto to count the value of property, and how it is rising. I wish i had more people like you around me. I have a product that I rent to other person that meks millions, while I make 40k per year - I just don;t have capital and "know how" to go to the business myself. I tell you, if you lived in EU, I bet you could take my assets and make a fortune - as I am simply not skilled and not brave enough to do it.

@rubenguirado4766 10 ай бұрын

Props dude, you got a new sub!

@Mrdubomb 6 ай бұрын

Seeing these kids doing this gives me hope for the next generation...

@jacinedelarosa6302 10 ай бұрын

You forgot to factor in the 500k+ mortgage carrying cost you had over the past two and a half years.

@k.s.2891 5 ай бұрын

Thank you for the breakdown

@Why_Not_travel 10 ай бұрын

Such an awesome video

@natejmedia 11 ай бұрын

This is rad, dude!

@johnnycinco1 11 ай бұрын

That mindset hoodie is fire. I want one🔥

@LahafBatten 15 күн бұрын

Good job sir!

@danielallyway 10 ай бұрын

I love buying real estate!

@Mav0585 10 ай бұрын

WOW great building

@patriciacampos6428 10 ай бұрын

Thank you so much

@EatonZ26 10 ай бұрын

Strange you don’t count leasing cost, make ready cost, maintenance and recurring capex in your numbers

@kceynelson 11 ай бұрын

Thank you for the video. Free game

@20applewhite 10 ай бұрын

Thank you for sharing

@OHANA-Beach-Suites 11 ай бұрын

Awesome! Hello from Seattle but soon the Philippines to open our Beach Hotel for cheap. LET'S GO!!!

@noobyxviii 11 ай бұрын

Thank you for having the kids interview!

@ThachNguyen 11 ай бұрын

My pleasure and I’m glad you liked it

@_don206 6 ай бұрын

@@ThachNguyendo you pay the morgue once it’s completed? Or do you have to pay durring the building process

@user-oy5wk6sg5f 10 ай бұрын

Not loving that whole "no parking" for the building thing, what with that steep incline the building is on. I can't imagine very many tenants are going to want to deal with that for very long.

@yevgeniytsarkov7256 7 ай бұрын

making America great!

@gottahavegoalsset 10 ай бұрын

You're awesome Thacc

@DexterMontgomery-qm5fu 10 ай бұрын

You did this perfect I neded something 👍 this thank you you were a big help

@BlueFlameFoxX 10 ай бұрын

Awesome!!

@BuhayBuhaysaAmerika 6 ай бұрын

TY for sharing

@Karl__Pierre 10 ай бұрын

Thank you.

@TannerMontana69 10 ай бұрын

Great video

@MalluStyleMultiMedia 11 ай бұрын

🔥🔥🔥🔥 Motivational video

@marlhex6280 10 ай бұрын

Thanks 👑

@Empirestate1st 11 ай бұрын

Respect!!!!

@Seanmirrer 10 ай бұрын

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

@GaryWinstonBrown 10 ай бұрын

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

@Ashleycorrie8494 10 ай бұрын

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

@Seanmirrer 10 ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@Ashleycorrie8494 10 ай бұрын

There are a lot of independent advisors you might look into. But i work with Gregory Thomas Patchak and I have been working together for nearly four years, and he is excellent. You could proceed with him if he satisfies your discretion. I endorse him.

@Seanmirrer 10 ай бұрын

I just googled him and I'm really impressed with his credentials; I reached out to him since I need all the assistance I can get. I just scheduled a call.

@radupop588 10 ай бұрын

Wow man that's awesome.

@cametochina 10 ай бұрын

Amazing dude

@Imlitoffjpegs 11 ай бұрын

Thank you

@TAkinmboni 11 ай бұрын

Thanks for sharing

@timothymoore1791 11 ай бұрын

Perfect thank you perfect perfect perfect

@Jay-nz8lw 11 ай бұрын

Dropping Gems 💎

@alvaroguerra3627 10 ай бұрын

This guys a top g

@americansailor7967 10 ай бұрын

Well Done. Welcome to America. One of the secrets of success is not being woke. You took a chance and made it happen. Good luck to you and yours!

@DoctorOreos 5 ай бұрын

I’m impress. That’s beautiful. I don’t have 3.5 million, but there are some buildings in my area that I could buy and renovate for about 1 to 1.5 million. I like the mindset. I will look more into it.

@geneanseals9501 11 ай бұрын

GENERATIONAL WEALTH!!! "A good man will leave an inheritance for his children's children,"

@tomlandry932 11 ай бұрын

Great insight people used to die to get these precious infos back in a day. Now it’s free on social medias incredible thanks much and keep up with the good work.

@alexxiong8337 10 ай бұрын

This guy be dropping gems! One of the the realist successful guy that’s not scared to share the real info, he’s not giving bs answers and always is real! 💯💯💯

@totalchaos444 11 ай бұрын

3.6 millions cost and 3.8 percentages interest are amazing numbers!

@jrank3288 11 ай бұрын

I love it

@darrowkhou890 10 ай бұрын

Awesome

@money2570 10 ай бұрын

Good stuff

@andrehubbard9294 11 ай бұрын

Just thinking should you put those type of washer and dryers in your rental properties???

@xgroupvn 10 ай бұрын

Hay quá anh.

@bubaks2 10 ай бұрын

Gold. Real gold

@user-ux6tx1rx9j 22 күн бұрын

Ooh gosh I would really love to see that 3 page list step my step. I have a vision, I have a potential sponsor, now I’m looking at the experts!

@cvcexcomm 10 ай бұрын

2.95% cap rate based on your NOI and what the bank appraised. Good for you that you got your sweat equity in there but that's a tough asset to sell at a 2.95% cap rate.

@jaydeeare285 10 ай бұрын

It gets even less favorable when you account for ALL of the expenses, like management fees, a 25% vacancy factor, etc.