Hayden Hsu yes I feel like more information would have been useful.. debt-paid ratio interest rates cost of everything ROI average NOI

Yes! Details please. Generalized motivational speech isn't it. Thanks!

@@amberboll Message me on BP. I can explain all the details. Its hard to pack in a years worth of info in 10 min. But for those who just want to read it here, cash flow per door is average 350$ per door in my pocket after expenses. Average 22% COC. All of them are off market deals and I give my father in law 10% interest on the money I borrow. I also use a second private money lender that I had met that has no relation to me.

@@silverlininghomesllc507 Make another video and thanks for responding!

Thanks for that! Appreciate the response. Keep at it!! Amazing work!

Its true, I was kinda nervous and forgot a few things in there. Its hard to squeeze in a years worth of information in 10 min. Im between the 2% - 2.5% rule with average of 22% COC return.

@@silverlininghomesllc507 I would love to connect and learn more about your story. What's the best way to connect?

@Silver Lining Homes, LLC thanks for the video!!! One question though, how did you go about presenting the opportunity to individuals like your FIL?

@@silverlininghomesllc507 how did you find the portfolios?

Pretty much what I thougt. He says that he used his stepfather 400k money while he had nothing. It seems like he own only a fraction of its 37 units and its mostly all dept.

You can message my administrator for assistance on W/H/A/S/A/P +1./6./1./9./7./6./8./9./5./2./4./

I would love to help you just send me a message!

look up business credit without personal guarantee. it takes a year to get a good dun score but if you pay the down payment on a rental, and get a tenant in the first month or two, you use the rent to pay the minimum and mortgage. make sure you buy a property where you can fix up the place fairly quick so you can refinance and get equity out so you can pay off the business credit and use the rest for the next down payment then basically repeat in simple terms how you can do it with no money

Lorenzo Tillman III. Thanks. But at least you need a good down payment money. Also it depends on your credit, Job history and other things as well

@@lorenzotillmaniii4273 Is this the BRRR method?

@@saifuldetroit if you dont have money you cant do it with your own money, plain and simple. obviously even if you had your own money you should still go to the bank to increase ROI. finding investors is also what you need to look for, in this case it was his father in law (who for some reason was willing to put up his retirement fund...) so this guy definitely got it a lot easier than most, but go find your "father in law" whos willing to work out a deal with you, and like lorenzo said, try to take the investors money out of the deal ASAP, once youre able to fund your own projects build your own equity and refinance and use it to fund your next project, rinse and repeat. building a real estate portfolio wont be easy, youll be working two full time jobs at once

it always is. whyd he bother taking all that time to show us two properties just to tell us theyre pretty much the same? I guess this is all free info but if youre gonna take the time to make a youtube video like this why not sit down and try to make it good?

Ok I thought I was the only one 🤔😑

He basically had a father-in-law with money who funded everything

Bingo!!! 🤷🏾‍♂️

Those 2 were on the market for 2 days. They are filled now. I should have stated that in the video.

sunonupe you wanted to hate so bad. You wished he wasn’t as successful as he seemed. Makes you feel better about yourself. Get out of that mindset.

@@sunonupe god damnit, someone is still more successful than you, oh well go find someone else to "Bingo"

sometimes its spark, others a bright light, and most there's no light at all. the ability to walk that never-ending path without needing to rely on a spark is called discipline. inspiration and motivation are temporary. like you said: "re-inspiration". that alone says that you were starting to lose it. Discipline is not long term. it's a decision you take every day to stay committed to achieving your goals, even when that spark is dead. relying on discipline is better because you can decide to keep it alive.

9⁹I

Hey friends, have you heard of Bitcoin it's a crypto currency and it have value like dollar, you can search about Bitcoin on Google and see some information about it. Currently I have invested some money about $2000 worth Bitcoin and I earn $100 everyday from the investment and also my friend william invested $5000 Bitcoin in fact he borrowed some money and invested now he receives $200 daily Mr, Andrew @Dennis__forex09 on insta.

Try a more affordable market.

How much of a struggle was it to get the first?

@@cheyennew811 getting the first house just took a lot of time saving money. Then finding a home while I am overseas was harder, but I ended up using a service called Home Union. Hope this helps.

Thank you, I will into them. I'm still trying to find the first. I see houses that I think I can afford, but am still trying to understand all the financial issues so I don't get in over my head.

@@cheyennew811 My best advice, prepare for the unexpected and have 6+ months of reserves (mortgage, interest, insurance, repair money). If you're not aware, its never just 20% down. It's 20% down, plus closing costs, plus rehab money (typically $2,500 - $5,000) in my case. Your experience may vary.

That's the most straight forward advice I have gotten so far. Thank you so much!

I invest in forex trading and it has been paying me well for the last six months now. I make up to $25, 000 every month in forex trading.

I was also looking up some videos on KZfaq too when I started. But I was l advised to contact an expert broker which I did. I guess I was lucky to get in contact with Alexia Clayton, my expert broker.

She is the one behind my success in forex trading. She has a platform where she trades for her clients. So all I get to do is invest with her while she trades for me. Then at the end of my trading period she pays me my profits. And she has a commission of 25 %.

Yes, she trades for anyone who is willing to trade with her.

You can contact Alexia Clayton through her mail address ;; claytonstrade (åt) g m a i l°c o m .....

here in canada you get completely fucked by taxes if you flip, gotta put at least one tenant in it, and even then we dont have 1031 so still a lot of taxes, america seems to have it figured out...might have to move

@@justinc2633 Come on down, man. I'll hook you up. 😅

Amen...did you use brrr method woth your own money?

How

This is much more realistic.

just an FYI trump signed a bill for you to use your 401K up to 100k with no penalties YES!!!!!

i feel that going through the same thing

There is LOTS of information on BP regarding financial education, I made this specifically to tell stories about people to offer something a bit different.

Once you have a property to lend off of, you have access to a few options to increase your acquisition speed. You could do a cash out refinance, creating a new mortgage on your first investment property for money towards a new down payment. A very effective strategy is the BRRRR method, which BiggerPockets covers in detail. You could always reach out to private money lenders with an excellent deal, and they may be willing to fund some or all of the deal for a return on their investment.

yes

@@Kenny-ly6kk LOL

Watch the video... the owner himself says 37.

Portfolio grew so fast from 27 to 37 while we we watching this. His wife is killing it!

im looking to go upstate and philly would that be better?

try fha loan it works for people like you

Did you use the BRRR method?

Thanks boo 😘

What was your starting capital on your first rental? Thanks in advance

@@beautydefined1601 I had 3k in my pocket. Just had to get someone to believe in me.

@Vanessa Johnson shit you already lost $10.000 a month between this comment and the one before

@@Picwajzzz 😂😂😂

This will not end well, he might lose everything including his family. Never go all in.

I invest people’s retirement money all the time. Leverage is simply going to take you faster in the direction you are already going. Fast to bankruptcy. Or fast to mega wealth. I never sweat about the money I owe people. (Because I know what I’m doing.)

I agree and I have little to no family so it doesn't apply. The problem with these videos is they're too vague, no real detail. If anyone wants to buy real estate, they need a mortgage unless it's cash. Can't get a mortgage without a job, savings, good credit. If one is alone with limited resources then grind it out. Save, work then buy one property at a time. Rent it out, or live in it for a year rent it out, save, grind it out, stay employed and repeat.. if it's one property at a time, it's not that difficult l.

@@tonyl6385 yup im trying to do that but if 4 properties get me good cash flow then I’ll stop but if not I’ll get 10 once a time then I stop.

This is simply meant to inspire someone to take action. This is a way many people fund investments. He also used bank financing as well. The 401k money was most likely used as a downpayment and is secured by real estate. If he ran his numbers correctly and can hold the property for at least 10 years (have enough reserves), his father in law would be more protected investing in real estate vs. stocks. In 08 most peoples retirement fund lost more than half its value. any investment. There’s always risk in investing, whether it’s in a 401k or real estate.

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@neal cassady Toko ya bomao

Yes! The overwhelming majority of BP is designed around education, this series is more about people.

Disclaimer: I have no idea However it may be he only shows ones that dont intrude on peoples lives who are living there. Or alternatively the housing market is rough rn a lot of people arent able to pay rent and have moved out or stopped paying altogether.

he owns 37 rentals, all of which hes acquired in a year and a half... that should answer your question

@Vanessa Johnson scam

Message me on BP and I can tell you all about it if you want the details

@@silverlininghomesllc507 i wanna know how you convinced your FIL to risk his retirement while most FIL wouldnt risk wasting their saturday with their son in law haha

That was the flip I did. I didnt want to do the interview in front of the tenants... seemed a little awkward

he said in a comment he makes 350 in his pocket per door, also not sure what you meant by 150 a month isnt cashflow... if you had 300 doors making you 150 a month is it still nothing? i dont think you know what youre talking about

I live in Dallas, Texas and work in Mortgage Banking. The market is hot here and has been for many years, even during COVID, our volume is at record highs. Due to the Fed loosening monetary policy there is a lot of refinancing going on nationwide, however.

@@zeus9527 Hi X Bry, thank you for your reply. What do you think about Austin? I heard it's fast growing city and got some major companies like from California moving in. However, I wanna go to a diverse city like Dallas because I am not white and I don't wanna end up like George Floyd ... JK lol