10 Golden Rules To Becoming A Successful Real Estate Investor

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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 Thach introduces the ten golden rules of investing in real estate.
0:00:23 Golden rule number one: Always buy a property at or below market value.
0:01:14 Golden rule number two: Buy the right type of property with a good layout.
0:02:19 Golden rule number three: Invest in the right location, preferably in the B and C markets.
0:03:21 Golden rule number four: Avoid buying on emotion and stick to the numbers.
0:04:08 Golden rule number five: Don't be afraid to pull the trigger and make a purchase.
0:04:58 Golden rule number six: Have reserves for unexpected expenses and emergencies.
0:05:48 Golden rule number seven: Avoid overleveraging your properties and maintain equity.
0:06:56 Golden rule number eight: Do not buy small houses for rentals; opt for three-bedroom properties.
0:08:24 Golden rule number nine: Don't flip everything; keep some properties as rentals for long-term wealth.
0:09:17 Golden rule number ten: Wealth comes from owning real estate, not just flipping it.
0:09:44 The importance of owning real estate for long-term wealth
0:10:09 Trading money for time as a measure of wealth
0:10:29 The goal of wealth is freedom, options, and choice

[Muriel-]

I've been hearing a lot about real estate investing lately. They say it's the golden ticket to wealth.

[jackwillison]

I'm an amateur with a portfolio of 370k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?

[DerekSanfrod]

This administration has no idea how people are suffering, things are getting so much harder we can't take it no more. A lot of people are financially struggling to put food on the table and a roof over their head, I appreciate your advice Lucy . Imagine I invested $2, 000 and got $10, 600.

[SangayJonna]

Great video. Gerald Robert Hayton has been a game-changer for me when it comes to investing in REITs. His knowledge and practical tips have made it much easier for me to understand the intricacies of the market and manage my portfolio effectively. With his guidance, I've been able to make informed decisions and see real growth in my investments. Grateful for his expertise and ongoing support

[Paullookman]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs.  Bought rental real-estate and I am now a Limited Partner in about 3500+ units.  I do not work.

[yhyueph]

Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

[hamdansyed]

great content, loved the useful info, also explained very well! keep it up!

[dannythomas]

Very proud of you to be a Vietnamese mentor and contributor to the community! Keep it up a good work and an awesome nugget👍👍👍

[ucasJohnson-ifib]

I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

[ruthata]

Thank you sir! Instant sub! So much knowledge and wisdom for someone like me who's planning to start RE investing, specifically BRRRR

[MasonAnderson-wxxf]

I really appreciate the dedication in each video you post. To be successful in stock markets, crypto and so on, traders should understand the crossover between asset classes & liquidity flow. Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

[RobertDamanii]

Have you guys seen the crazy prices of real estate lately?
It's getting harder and harder to afford a decent place.

[EricReitzel]

Very good info, what I tell all my new investors/property owners....Im in Louisiana God Speed and good luck my friend.

[whittneyprice]

THANK YOU SO MUCH FOR YOUR WISDOM, I APPRECIATE YOU ❤

[iuordanmatkov]

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.

[allanrocha]

Hands down on of the best REI advices out there.

[nithyakrishna]

Is it good to buy rental in another state ( I can’t afford to buy in California 😢)

[realestateinvestments]

These are very helpful rules to help new investors! Turnkey with a low investment is the best way in my opinion.

[lyleburlingame]

I’ve been an investor for over 15 years and of course watch a lot of content and look at data. This is one of the best and most applicable videos I’ve seen in a long time. It’s also nice to look at my portfolio, although small and conservative LTV and extra reserves, that I have followed these rules in my own acquisitions. Thanks thatch!!

[khangdo]

thank you for these golden rules Thach !!! Appreciate your dedication and passion to create more great real estate investors like you