How Much This 10-Unit Apartment Makes Me Every Year #realestateinvesting

[XrunescapeXgodX]

I've never heard an accent go from Asian, to Spanish, to new Yorker, to regular English in less than a minute

[ChristopherAbelman]

My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[geoffrey-rfpg]

Real Owner: Sir this is private property you have to leave now.

[brightleah]

Building a good investment portfolio is more complex so I would recommend you seek professional support.This way you can get strategies designed to address your unique long term goals and financial dreams

[mattphillips]

People like to brag about success stories but never want to show you properties that didn’t work out so well.

[Wisdomseeker]

It would help to know how much it cost to buy, so we can calculate roi. Also helpful to know if you added additional units since purchasing. And helpful to know how much equity accrued through paying the mortgage and how much in appreciation

[fastxsam]

Whether this is his building or not he's lying. Perhaps the total roi would be 90k if nothing ever happened. Repairs, renovations, listing and etc, he would be lucky to get half that amount every year.

But don't get me wrong $45k passive is still better than zero

[raohfan]

The property manager charges minimum 3000 a month for this kind of 10 unit property and the property taxes probably at least 1500 a month. So your mortgage PI is around 4500 a month. With 5% interest(assuming you got the loan a few years ago at a lower commercial RE rate), that’s easy 900k loan. + the 1.5m equity that’s 2.4m total property value. The MoM is really just 200k/2.5m = 8%. Not low but not impressive either considering the amount of down payment and hassle required. Some major repairs can easily wipe out your whole year cash flow.

[arkadandfortuna]

This is doable. It all depends the location, city, etc. and everybody on this post is making him money via the YouTube algorithm and viewership. He understands the concept of making money. My old landlord explained it to me back in ‘05, I should’ve listened to him.

[randygravel]

9000 for p and I, taxes and insurance a month. He must have put have put 80 percent down, AT LEAST. Which for that building was millions. He’s leaving a lot of numbers out

[mikerosier]

Guys if you watch his videos you’ll see that he actually built this property from the ground up

[johng]

This dude might want to have his accountant show him the math.

[alexdimov]

He’s from wa state, he’s legit. Started off as real estate agent (as am I) I know of him. He walks the walk.

[lisagardner]

My husband and I used to own homes and condos and rented them out. That is such BS that he is making that much because he is not accounting for repairs, paying taxes, etc.

[jonyaleon]

I worked for a property management company in NY and there’s no way this is true.

[fwfeo]

You still need at least $200, 000 cash, good income and credit score to get a loan for a $1.5 mil property! You can’t skip the first step. $7500/mo cash flow is less than the income required to buy that property, you must be making at least $20, 000/mo to get that mortgage probably.

[cm]

Wow..need thisbin my life..one day at a time. Thank u for awakening this in me thanks again

[Vamanaswastika]

This is a very common practise. Some owners even live in their own building basement to cut their own living costs. Live for free. The only thing I always worry about is when a tenant moves out your scrambling to look for a tenant because the clock is ticking for that $9000/ month bill.

[STANDTALL]

This is perfect for me to get started that’s my goal profit I’ll be good with for a while.

[cryptothns]

I hope IRS are listening, they need to confirm his figures vis a vis what he filed as returns.