How To Buy 10 Rental Properties In 5 Years with $100,000 (BRRRR)

In this video, Thach explains how you can purchase 10 rental properties in 5 years with only $100,000 using the #BRRRR strategy. In phase 1 he explains the accumulation then phase 2, the payoff. Subscribe if you would like more valuable real estate content.

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[ChristopherAbelman]

Your explanation is realistic and straight to the point. l watch several video's on how to trade in the market but haven't made any headstart because they are either taIking some gibberish or sharing their story of how they made it. And l don't want to make mistakes by taking risks on my own

[jerryalfred]

I have about $ 306, 000 I made from financial market over a year.
Wanna invest into property.

[Jessicatorres_]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[architecturerecords]

1. As a private individual you can ONLY get a loan (monthly payment amount), 50% of your net income. If you make net 2000usd a month, you spend 1000 a month, remain 1000 in your account. That's what banks consider as you can afford to paying back loans.
2. After you got your first mortgage on a property, you don't get a second loan until you don't pay back the loan or until you can reduce significantly the monthly repayment amount (say at least 50%). But in the second loan you get only 50% less loan amount due to your existing loan.
3.for this reason this model is only possible if you run a company which has strong financial background/assets and can use that asset to get a loan from the bank. Did I missed something?

[lisetteyoung]

Finally someone that tells you a long term strategy on how to own them free and clear at some point🎉 thank you sir

[koreyb]

Nice, quick high-level overview. Forgetting all the costs & taxes & time to manage those properties.

[mugentuner]

Man this was an intense lesson in wealth building. Wish I had thach as my mentor from school days would have been a multimillionaire for sure by now. Learned more in this six minutes than my whole high school on personal finance

[srutherford]

Don’t forget that you will have interest only payments to HML, Draw fees, two closing cost, inspection fees. So you need more than the 80 something thousand. A lot to it but BRRRR is a powerful tool.

[josephpereira]

Great advice . I just shared this video to a few people. My goal will be to do just that on the next property

[randallburke]

Such good content! Thach, you're a Rockstar! Thanks so much!

[concepts]

Thank you so much! This channel has changed my way of thinking.

[markbuildstx]

Subbed just because I actually learned something here. A lightbulb 💡 went off. You don’t need to finance the entire amount, just enough to recoup your $$

[LVeMuiK]

This system really works if you know your numbers. Make sure you know how much the property value will be after the rehab/renovation is done or you may not have as mush money to pull out after refinancing.
Great video! Thanks.

[patriciacampos]

Wow ur a natural at success. Thank you so much. We love you here in the Inland Empire, CA ❤

[ahmedomar]

Super helpful. But in that example, you paid $20k out of pocket yes? Which is the difference between $490k LTV - $425k total cost = $65k from your initial down payment $85k = $20k. Am I missing something?

[Adworld]

I think I finally found the right video appreciate your work 🤝

[MuthaTrucker]

Good stuff brother. I found you on tiktok. I am vietnamese too, but teaching people about the trucking industry.

[androidsgaming]

Thank you so much for giving a chance to learn for free.. We appreciate all your effort in providing us a brief explanation how to do it step by step. Thank you for inspiring us and you helped a lot of people with your videos.

[kannonpayne]

Cant wait so start I'm 17 years old, and just started learning about real estate. I'm saving as much money as I can.

[SethBJJ]

Thach is providing so much valuable information in this video (and every other video). Love that he shares his real estate knowledge to help guide newer investors