How To Get $10,000/month Rental Passive Income

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Thach Nguyen

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Wow, this guy is giving this information out for free. This is one of the only legitimate YouTube finance explainers that I’ve seen. He’s telling you how it works and it’s true you will be financially free over time and with practice.

MarkIrmina

you are the only one that breaks it down without forcing ppl to follow their master class. you are amazing at what you do. you can also tell someone that is passinate about something. love u

Nylahfunstuff

Chào chú con tên Toan đang ở Tx có coi rất nhiều video của chú. Con cũng rất thích buy the house and fix sale it. 🎉 cảm ơn những video của chú.

Toanusa

Great video, great info I would like to add $3000 a month is not going to cash flow positive you'll pay double on that in maintenance. Still a great method and you can make up for being in the red until refi with the equity over time.

andregriggs

Great information!

I am looking at a property for 380k (hoping for 340k) with a rehab of 180k with and a sell price at 800k-900k with the market and location it could go higher. The only difference is that I was going to fund the project myself, but this will save me money and help with cost over runs and finishing other work. Just need to look into hard money lenders. The house is on a mountain ridge overlooking a city, and ADU rent will more than pay for the work.

rass

Finally an investor that provides info beyond newbie investor information.

JasonJFlippingLife

Wow thank you for sharing all this! Can you share the process of how you get cost estimates for the home remodel?

ln-

The real magic is how you find homes at 50% of ARV.. but I guess if it needs a rehab at 20% of ARV its probably seriously beat.

jaredjonesontv

you can't just sell the three and pay off the other 3 because you would have to pay tax. you would have to flip it into more properties via 1031, or if you staggered them and lived in them for 2 years, you would have the 250k deduction if single or 500k deduction if married. very ambitious though, because, you need a new roof, a new sewer line, tenant trashes the place, long drawn out eviction, suddenly those places can fall like dominoes. great way to start from scratch though. it would be hard to save that kind of money. I like your adu idea. very few people are taking advantage of this, probably because building adu is costing 1000.00 a square foot in many areas. IM sure you do it cheaper.

johna

Oh, wow. I’ve been watching your videos for a while now, Thach, and I always wondered how you did it, bc your purchase+rehab prices never add up to the 1% rule when it comes to rent, and I was confused. So now I see… you use this 5-year fixed mortgage to get lower rates in the first 5 years! Makes more sense now. Btw, I know the 1% rule isn’t the only rule, but it’s a good starting point … I would love to see more videos of you explaining how you can escape the 1% rule and what other metrics you use/prefer when analyzing your deals. Thanks!

jghmolina

When you say by the time i got done for the first rental, i think you need to elaborate more on the risks involved i.e figuring out on how to get a licensed contractor, how much time can you estimate for the renovation to take place, keeping the contractor on a schedule, while we are paying the mortgage for the first rental before the property is ready to be appraised and rent it? Can this be done out of state when you dont know anyone ?

sanjr

Thanks for putting this video together and explaining the process. What about the interest rate on the Hard Money lending ?

nachiketamishra

Thanks Thach - awesome as always! But - you know the saying: It's not what you don't know that hurts you, it's what you THINK you know that just ain't true. Why are you so sure rates will go down to 5% or below in the next 18 months?

ervinga

Where is the link to the hard money lending.tkns in advance

rc

Great video, and great concepts. I am curious @thach what you would say about the ROE (return on equity) on the example property. It seems like the ROE would be rather low on the example property. I understand there is $0 into the deal so the return is technically unlimited, but it seems like that equity could potentially be better utilized?

King-Blake