How To Buy 10 Rentals In Less Than 5 Years | Proven Strategies With Results

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About this episode:
Learn how to accumulate ten properties in five years or less with these five strategies. First, maintain a nine-to-five job to qualify for loans and save money. Second, house hack by buying your first property as a primary residence and renting out additional units. Third, explore seller financing options to purchase properties with little money down. Fourth, become a deal finder or wholesaler to earn extra income. Finally, consider fix and flipping houses to generate substantial profits. These strategies will help you build your real estate portfolio quickly and efficiently.

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.

Timestamps:
0:00:00 Intro
0:00:28 Strategy 1: Maintain a nine-to-five job
0:01:51 Example: Tong and Channy success in accumulating eight properties while working nine-to-five
0:02:45 Strategy 2: House hacking as a primary residence to save on down payment
0:03:44 Example: Jerry's success in buying two properties with 5% down in less than two years
0:04:46 Tip: Changing the intention of buying a primary residence to renting it out
0:05:17 Strategy 3: Utilizing seller financing for low down payment and favorable interest rates
0:05:59 Example: Jason's success in buying a fourplex with only 5% down and positive cash flow
0:06:49 Strategy 4: Becoming a deal finder or wholesaler to earn additional income
0:07:49 Example: Ricky's success in wholesaling deals and making over $100,000 a year
0:09:05 Strategy 5: Fix and flip for higher income, but with more risk and effort
0:09:51Sabrina's story of using wholesaling to fast track her real estate investments
0:10:58 Using other people's money to fund real estate flips
0:11:34 Tips for maximizing income and saving money to invest in real estate
0:11:59 How to boost income through wholesaling and flipping houses
0:12:21 Conclusion

[Davester]

I recently graduated at 23 years old and bought my first house hack. It’s a 4 bed, 2 bath - 2 rooms rented so far bringing in $1800. My mortgage is $2200 so I pay $400 to live in my house

My goal is to reach 25 units and become financially independent by age 32. Wishing everyone luck in their real estate journeys

[usstartarsauce]

Hey Thach, I been watching your videos for a few years, finally I am getting my 1st rental property, and more to come in the future. Thank you for your great content.

[maximusbrandon]

I bought my first house in 2021 and I’m closing on #9 (sold one so only 8 owned) on Monday at the age of 26!!

Spent 3 years eating shit and working my ass off in Afghanistan and used all of that money to start my rental portfolio.

Since then I built an amazing relationship with a hard money lender, became a realtor, and that’s all she wrote!

[cartagenadaniel]

#2 is what I do. 4th time now. The thing you left out is, you can actually get 'exiting' rent credit to buy you next primary home. Meaning you tell the bank, the home I own now will become a rental. bank says great and gives you 75% of the market monthly rent as your income to qualify for the next home. AND, since your next property is a primary, there are no reserve requirements to have.

[Jose-mi]

You’re awesome man! I’m a really big fan of Robert Kiyosaki! Your mindset is very similar! Flipping to make money, to buy houses to keep! Houses that will provide cash flow, appreciation, and use depreciation to offset taxes! Awesome channel man! May Jesus bless you

[adee]

I would love to hear your thoughts on the same topic. Only difference, utilizing a va loan and being active duty.

[niravmistry]

Thank you so much for inspiring and giving me a roadmap to achieve it.

[JarydR]

Jason is a dawg! 🙌 Definition of having a goal and being persistent to achieve it

[mahjabeengardencenter]

Thach you tell the truth about the job.
No body tell this.

[tj_tran]

Thach always giving us good game and knowledge 🔥

[seanbates]

We almost have our home paid off. Considering g cash out from existing home to build 2 b3droom home for rental. Thoughts please?

[GleidsonPoneY]

That’s great video, I recently bought a property in Texas 5 acres, I have 2, 5 acres empty and don’t know exactly what to do.

That’s the first time I bought a property still everything very new for me.

[robertlaird]

I purchased an extremely nice 6 acre property at the bottom of the market that a section line was going through which gave me two legal building lots. I recently found out that I could do a lot line adjustment and put that line in a more favorable spot. I also found out that I could build a main home and a detached mother in law home on each property. I purchased the 6 acres with an unfinished 5, 342 sq. ft. home on it for 87k. I found out that I could build another large home on the other lot but have decided to just build a standard 3 bed, 2 bath as the main home on that lot. One of the properties is worth 1.5m with just the big home finished but I plan on building a large shop with an attached 1 bed, 1 bath apartment which would bring the value up but I'm not sure to what. Probably 1.8m possibly. The other lot with a 3 bed, 2 bath and another large shop with a 1 bed, 1 bath apartment attached to the shop would be worth 1.5m today which would give me about 3m which I would take and purchase an apartment building or possibly build one from the ground up. That's my retirement. I don't think I'd need any more than that to fulfill my dreams. The difficult part is figuring out what size of apartment building I should get and how much of a down payment I should put on it. I'm thinking of purchasing a tenplex with 5 one bed, one bath units downstairs and the same upstairs. Possibly purchasing or building two or three of these.

[jonlee]

How to buy 10 rentals fast: start in 2008 like this guy

[matthew]

Thach you ever Try lease options or Contract for Deed? it sounds cool i heard about it on youtube this guy instead of being a landlord he sells his homes in a 30 year contract for Deed and they tend to not go the 30 years so the possibility of losing the house through sale is kinda low because its 30 years and only people that really are going to live there make it to 30 but i guess the downside is if they buy it you lose that rent and also the rent will not go up because they entered the contract for the amount but not having to manage it as a landlord sounds like a BIG bonus no renovating the owner practically owns it

[PaulC-eomt]

Sounds really good if house price are going up and interest rates are low, when it comes to a recession sounds like a method for bankruptcy

[pedroramires]

Great video man I'm doing lot Land.

[bobsawah]

I want to know a whole water filter is a good buy for a rental property??

[barrowbarre]

I watched that other video you are talking about. Now you came back more lively 😅😅😅

[REI-elhd]

Hi Thach, I have a question. I live in TX where property tax + mud tax + home ins per year is around 23k + mortgage. when I am not able to rent out, how do I pay my pro tax/mud/home ins is my concern?