How 22 Year Old Made $470,000 Profit From First Rental Property

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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.

[Elizabethwells-qf]

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[JuggernautXXL]

Also, it's not $15k in cash flow. Lot's of misleading information in this video. Thumbs down.

[KozyTapes]

Phantom Costs: Maintenance, Property Tax, Insurance, Dealing with Tenants, plumbers, electricians. Yes its “sweat equity” but does come with opportunity cost and accountability

[realityblooms]

This is informative AF. The girl is knowledgeable and well spoken. Best of luck

[MrBezyBez]

Hell yeah! Doing this RN. Bought my first house, renovating the basement to make it a legal duplex, renting out the spare room in my unit, gonna add an ADU eventually. I gots the ALLEY.

[ryanwilliams]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[Erintr]

Yea let rent 1 room for $2000 a month, when I can rent a 3 bed room and 2 bath for $2200 right across the street.

[reemobrooklyn]

She's awesome! 7:05 Next time don't leave her hanging like that. Give that girl her high five. 😂😂😂😂

[LA-xjtz]

The title of the video is misleading! $470, 000 is unrealized profit. It is a profit when I see $470, 000 in her bank account.

[digital_]

What I learned from this video.. she was already killing it and did not need any help from Thach to begin with.

[VaynaJerabek]

Thank you Thach! More BRRRR’s coming!! 🏡🏡🏡

[Mori_Shands]

As a travel RN, 2 grand can get you an air bnb by yourself. That’s way too much for just a room. I’m not saying you can’t do it but best a luck with that.

[alisateague]

As a past travel nurse you cant get me to pay $2000 for a single room especially if its a shared space.

[jdvue]

I like the video, like the idea... just one problem.... the numbers don't add up... ADU is going for around 300k but costs her 350k to build?? ADU rent for 2k, but your mortgage is around $2800...?? Stop the cap on ADU going for 750k... stop the cap... ADU is only going for around 300k....

[melodyn]

Question: how where and who I should ask about ADU laws of a specific town?

[JuggernautXXL]

No way in hell all those renovations cost just $50k in that area.

[oshitomaha]

2k per room to nurses?? You’re pushing it… way too risky to assume that property in the back will be 650k. Way over-leveraged!

[jmazarie]

hm. not really a good investment. thats a way over priced home.

[SlowlyFallingUpwards]

$2000 for a room? That just lost me.... will people really pay 2k for a room?

[JulieChasen]

Wait 2k a room is more than what people post for rooms in San Diego