My major in the army made us read real estate books and gave us a class every week while we were in Afghanistan. I currently have 7 units but have had as much as 19 since being in Afghanistan. Just keep moving forward.

@WilliamDauriaInvestor

Жыл бұрын

So cool!

@isaacvillaro3162

Жыл бұрын

Awesome leader right there

@shani9726

Жыл бұрын

Great leader!

@ErickaWilliamsCC

Жыл бұрын

thats amazing. using your time wisely

@rhondawillock1457

Жыл бұрын

You and your Major should be a guest for Bigger Pockets! I would love to hear more of your story!!

What is stuck to me the most from this episode it how the guest speaker has so much confidence speaking on real estate, but he is just a regular guy as many of us with regular jobs. And how just by putting into practice what we learn in real estate can make you grow. There is no secret... it's action! Very inspiring!

Several thoughts 1. This investor Tylor Wing for being in his 20's is highly impressive. His communication skills and his aptitude are what you would expect from someone much older and way more experienced in real estate. 2. This cohost Jamil Damji ask much better questions than Rob Abasolo. He allows David Greene to go back to sleep like he did when he cohost with Brandon Turner . 3. I would have liked some deeper questions such as how he financing his deals. There is no way you can do seller financing on all of his deals. 4. I would have like to learn how much gross rent and net operating profit is he taking home each month. 5. Did David Greene really leave this interview to eat? I hope not.

@teatime9545

Жыл бұрын

1. He’s an Officer 2. He is pocketing his BAH and is house hacking 3. He deployed As a former enlisted soldier, ppl wouod make bank, especially officers 💰 That HELPS ALOT in “financing.”

@teatime9545

Жыл бұрын

Oh and his wife is a travel nurse 🏦

@unknowndriver6652

Жыл бұрын

@Tea Time can you explain the part of people banking? Did hia friends lend him money?

@noepena8004

Жыл бұрын

Open your both ears first

I'm a USAF Veteran and have a similar business model in the Vancouver, WA market area. Keep up the great work.

@retrogamer2548

Жыл бұрын

I too own over 50 homes in Vancouver Washington. Very cheap market. Trying to sell them now all at the top of the market.

Good podcast. Taylor has a good business acumen and knows what he wants to accomplish. I would have liked to hear more about how he got the 30 rental units in 2 years. That is 1.25 units per month which means multiple projects going on at the same time. How did he keep all that organized? When did the properties start cash flowing? How long to find a tenant? Does he use a property manager?

@unknowndriver6652

Жыл бұрын

I would like to know it too . is he buying houses in cash? Cause the banck its not giving you money each month to buy a house , can you imagine the situation? You still closing one deal and next week you back to the bank asking for another loan lol maybe he bought an entire building or something who knows

@ooOnymphetOoo

Жыл бұрын

I came here to learn about these, too. What I got is that he was lucky enough to be picked up by creative financing to let him go on a journey with them. Now having any other work, it was perfect opportunity for him. Not scalable for most.

Whoa! Way to go my Brother -In-Arms, keep it up. I'm started my real estate LLC, on my first actual deal that was just closed. Under reno now, waiting to finish so I can rent, refi, and repeat. Looking at my next deal already.

@unknowndriver6652

Жыл бұрын

How many properties can you buy in 1 year? What happen if 2 or more renters stop paying

@happygrass5

Жыл бұрын

How are you dealing with the higher interest rates?

Loved this episode! Great questions Jamil.

This young man has a very inspiring and awesome journey to financial freedom. Excellent conversation, gentlemen!

The deep dive deal didn’t cover much details at all. I wish y’all would have covered, how much was or percentage was financed by the lender and what percentage was down payment. The note the seller carried for the him, what was the interest on that over how long of a period. I just wish you guys would have went into more details. Btw, great episode overall.

Great story. Very inspiring. Key takeaways are having the right mindset and taking action.

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

@MariusNatt

Жыл бұрын

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@AshtonGrace

Жыл бұрын

@@MariusNatt I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.

@AaronTucker-th2nn

Жыл бұрын

@@AshtonGrace Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

@AshtonGrace

Жыл бұрын

@@AaronTucker-th2nn Sure, the investment-advisor that guides me is>>> "Autumn Lynzi Smith", she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

@Rachelschneider03

Жыл бұрын

@@AshtonGrace Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

I can tell you went to West Point! Thanks for your service.

30 units in 2 years with a LT's salary. Even with "creative" financing I think we are possibly missing some information here. Either way, I am very happy for his success.

@ericlewis6404

Жыл бұрын

His wife is a travel nurse. Per WEEK, could be $3K-$6K+.

@ErickaWilliamsCC

Жыл бұрын

some credit cards and hard money is possible in this story. Folks get creative under pressure. Both my parents served mom (26 years) and dad (10 years) folks would call them for money or ways to get out of housing at other bases. My mom and dad picked up several rentals along the way.

@BIGDRXXMR444

Жыл бұрын

He did mention he did Brrrr also.

@bryantcaterino5521

Жыл бұрын

He mentioned multiple times that all the money came from his hard money lender. His lender put down 80% and paid for 100% of rehab. He only had to put down couple thousand.

@PS3PS3PS3PS3

Жыл бұрын

He mentioned in the beginning that he was pocketing all of his military housing allowance from house hacking and used a VA loan for his first property.

Great job doing this at a young age. Its the consistency factor.

This is such an inspiring story from such a young man, keep growing Taylor

Great questions by both and awesome guest speaker inspiring to make us realize u just got to get your feet wet when scared and navigate through the process

What a phenomenal story! Hats off to you!

@creating_cashflow

Жыл бұрын

Agreed!

This is one thoughtful and mindful guy. Impressed with his approach.

@taylorwing_

Жыл бұрын

Thank you so much Stephen for your kind words! It means a lot to me that you found value in my approach.

Be cautious when investing out of State. I was ripped off from a property management company in Toledo. I had to change companies a few times to make things right.

@teerich2011

Жыл бұрын

My biggest concern. Some in Colorado are just worthless

@brianploszay7202

Жыл бұрын

Curious who it was

@brianploszay7202

Жыл бұрын

@@soundstudio1010 I ran into a shady "turn key" provider in that area. I just observed, didn't invest in Toledo. While there is some nice housing stock there, it inevitably is a city in long term decline. So there is surplus housing stock.

@soundstudio1010

Жыл бұрын

@@brianploszay7202 I bet they charged a lot for renovations XD. Where did you end up investing ?

@brianploszay7202

Жыл бұрын

@@soundstudio1010 I invest mainly where I live: Chicago. And some minor investments in Az and Ca.

LEO the HERO😂 Awesome episode guys. Made me smile big. Taylor, I'm so happy for you!

This guy might be the most impressive beginner investor I've ever listened to! No money down on most of his deals and 30 units in 2 years without any experience is mind-boggling!!! Hooah!!!

Great execution. Thank you for sharing your story. Would love to get together when you get down to Florida. We live on the Treasure Coast.

One day I will start that’s a promise to myself but great information all around

Respect! Nicely done. Big question is: How do you do this in a hot city though?

Taylor good job man congrats, you are very inspiring

@taylorwing_

Жыл бұрын

Thank you so much for the compliment!!

This is a great video!

Great episode.

Very good video’ thanks you

Great show

I love the taking action man!! congrats and i also want to be finacially free soon one day.

@foresightproperties

Жыл бұрын

I believe the day is sooner than you think. Don't let a lack of funds hold you back from closing real estate deals. We offer transactional funding, including EMD funding, to help you move forward with confidence. Reach out to us to learn more.

@taylorwing_

Жыл бұрын

Thank you so much!! Let's talk about that and let me help you achieve your goals!

Great video!!!! We just took out a heloc on our property and are now looking for awesome deals in kern county California! Hopefully we can find some good deals and build a decent portfolio like his! Good stuff!!!

@HappyCleanersWA

Жыл бұрын

Be careful buying houses with a HELOC , not saying you shouldn’t do it but if things go bad that can be a disaster

This video is full of gems.

This guy should start his own podcast damn!

Hey im a local contractor and property manager in sioux falls, SD! Our team is always interested in connecting with local investors.

Thank you all for this I am about to invest in my first multi unit this info is as good as gold.

@eccomercementoreeryan2264

11 ай бұрын

How did your life pan out from investing?😊

@ashog1426

10 ай бұрын

@@eccomercementoreeryan2264 im on my way bro still saving up

If you buy a sub2 deal can you take advantage of the tax incentives like depreciation?

Where have I been? Jamil is a cohost now?? Love it even more.

Did you have to evict all tenants in the 8-plex?

I am looking to purchase my first investment property, I could use a HELOC as I have equity available to me. I currently have a good cash flow and money saved up. would you recommend using the HELOC to buy the home or use the cash?

Great videos, but In my province right now I can’t buy a double wide trailer in a park for less than 160k.

I’m truly inspired. I’m motivated to get my feet wet.

How do you Refinance assumed loans. Are the loans in your name or the original owners needs to refi

Biggerpockets needs to make a movie about this guy and his lucky dog Leo! lol

I wish they had short versions of these videos for those of us who are too busy to watch them

@estonesau756

Жыл бұрын

Pro tip: just listen to the podcast instead

@joshnevid4556

Жыл бұрын

Watch these videos instead of TV at night. Only way I can fit these in.

@countryboynell7296

Жыл бұрын

Honesty I drive trucks I just click the video and listen to them as I drive most of the time

@brentmccmusic

Жыл бұрын

Totally agree!

@discoveryoutdoorskcfishing236

Жыл бұрын

@@joshnevid4556 I run two companies and buy rental properties I don’t watch TV I don’t have time

I'm barely starting my journey and currently doing a house hack on my single family home. I would like to connect with Taylor, I'm a Veteran with a VA loan and now ready to continue on my next investment

So cool! But isn't there a massive amount of problems with rental tenants?

Can you all speak more about creative financing?

Landlording is a lot of work. "Financial Freedom" is not exactly a good description of this business. It is not a passive stock portfolio. Still, inspirational how someone grows their business model.

@toddmiller2759

Жыл бұрын

Property management firms, my good sir! 🙂

@brianploszay7202

Жыл бұрын

@@toddmiller2759 Good advice. I self manage, but I have to get a property manager if I want to expand out of State. On pause from buying now, like most people.

@erwinahlers5269

Жыл бұрын

Better than working any job though

Lmao at David grabbin a sandwhich.

@MetalBum

Жыл бұрын

😅😊😊😂🎃🎃🎃

I don’t get it. On the deal the owner owed 100k house worth 2-215k seems there was significant equity, why was he motivated to subto without any compensation.

That was amazing to hear this story, but it also made me feel like a loser! I have been following BP for 5 years and only did 3 deals in the past 5 years. so now, should I quit since I am the worse RE Investor, or WTF.

@BikeHelmetMk2

Жыл бұрын

No. Do what you're comfortable with, and measure with a different ruler. If you measure yourself against Steve Jobs or Elon Musk, you're a failure - period. I'd say that you aren't - you got 3 more deals done than 90% of people. But if you feel like a loser, go do something about it. Hit the streets and find another deal.

@unknowndriver6652

Жыл бұрын

Dont believe all the shit you see on youtube they only tell you the good things not the real truth

Does anyone invest in rentals who would do things differently in hindsight? I noticed some people have one or two rentals and some have a bunch.

Which Mortgage place currently does VA the best? I am in the 700’s and have no debt. Veterans United? USAA? Or ?

@AhmedDFaried

Жыл бұрын

I'm interested in the answer as well.

@jiggeplaya7182

Жыл бұрын

I did mine through Veterans United. Very smooth transition.

11:50 best advice ever. Start ugly and try.

I wonder where did he buy these properties

Taylor, said he did a BRRR on a Subto. How does that work if the financing on the property is not in his nane but the owners

@tublin4940

Жыл бұрын

The title will be transferred to Taylor's name when he buys Subto. A bank is going to want to see he has ownership for a "seasoning period" but then can refinance all the same in which point the subto loan will be paid off.

@franciscodelgado5143

Жыл бұрын

Hello Tubin, does that mean that once the title is transfered to the new buyer’s name, the buyer keeps the original loan from the seller? Therefore, the new buyer goes to a “probation period” with the lender?

@tublin4940

Жыл бұрын

@@franciscodelgado5143 probate has to do with a deceased owner on the title, so no. If an owner on the title were deceased, then that means they can't transfer title to you without it going through probate first. Subject to just means that when they DO transfer the title to you, their loan is not getting paid off. And you are also not assuming the loan (as in, the loan is not getting changed to be in your name). Instead you are promising to make payments on THEIR loan, which would be stated in the contract.

What is the owners benefit when someone does a sub to? He mentioned he didn’t put any down.

@invictuslegend4405

Жыл бұрын

He screwed over the seller, even if he did what he says. I don't believe what he says.

I'm so torn on starting with a str or ltr. Ugh....

@philmoore3747

Жыл бұрын

Do both. You’ll get LTR leads from STR sites like AirBnB. If STR doesn’t work for you, your exit strategy can be shifting by to a LTR or MTR. There’s a lot of ways to cut the real estate pie.

It’s hard to relate to this podcast being that I have no military background. I have a blood clotting disorder that won’t allow me to get in the military which is a shame because using a VA loan is smart but only people in the military can access one. So if you can access one more power too you but when something your born with takes away that option to serve and use that leverage it’s a hard pill to swallow. I don’t know why anyone who is serving or has served doesn’t do this because you get an advantage actually getting a loan with not much requirement.

@N.2023.

Жыл бұрын

I heard on one of the podcasts that VA loans are assumible to non-military when buying a house so that's an option

Terrific 😂❤

He couldn't eat a sandwich before his guest arrived for a podcast?

A house that is less than 100,000....Well I'm SOL. Can't find anything in Boston for less then 500,000 and outside the city maybe 300,000.

He said the same ship 20x it fell on my lap

I want the Word document 😅🙏

Do you guys have an episode about the 30+ year old person $15,000 or more in debt working a dead end job that turned it all around by learning a high income skill and investing their extra income into real estate to achieve financial freedom?

Sooo. He talks to guy that has a 200k house and 100k left on mortgage. The guy walks out and he takes over payment…and seller basically gives new owner 100k equity. Nice deal. 🤔

There are so many holes in his story. Even if what he says is all true, he is in neck deep debt, he does not own anything yet.

@eccomercementoreeryan2264

11 ай бұрын

That’s how debt works. You take debt and pay it off…

@invictuslegend4405

10 ай бұрын

Anyone can go into debt and own lots of things, he can't claim, anything us his until he pays it off. Full fake video

I'm getting a dog!

Taylor Wing where are you buying in Florida I live in Florida as well maybe we can meet up

Where did he buy houses?

@andresmattos7541

Жыл бұрын

In the USA

@David.D3

Жыл бұрын

North Carolina and South Dakota

No one refinancing. You're underwater.

@konman823

Жыл бұрын

Temporary..... Doesn't matter as long as it breaks even in the meantime

@Ricocase

Жыл бұрын

@@konman823 The Fed and banks disagree. Run, get out, leave the casino.

@BIGDRXXMR444

Жыл бұрын

@@Ricocase Banks aren't refinancing?

did he just start off this video with.. "I just went straight to West point? "🤔 yeah he's just like you and me.. everyday Joe..lol

@happygrass5

Жыл бұрын

This kid is definitely a beast high performer.

@jackjack4412

Жыл бұрын

That's what happens when you're focused starting at 10 years old.

He's using free VA money

Not being negative about a success so I'm happy for anybody to be successful but most of the people using the armies I mean he had a good income coming in at a good saving or people of corporate Is easier to start when you have money a lady was on food stamps or struggle because most of us are struggling and to see how they made it more stories about people who were struggling I worked at McDonald's , or was homeless those are stories that are truly inspiring than to hear how people already have money made it that doesn't help us you know really doesn't but my hats off to you

@jiggeplaya7182

Жыл бұрын

I’m not so sure you understand how little military personnel make. I was making 19k/year when I was in. But no matter what no matter what direction we are coming from, we need to keep moving forward and reaching our goals.

@jackjack4412

Жыл бұрын

@@jiggeplaya7182 he's an officer and went to West Point.

Bottom line, I need to walk my dog more often!

Young thug out there somewhere watching this 👁️

Turkish subtitle pleasee

First! Oooohh la la....

Thats lame, hes just making money off of other people’s hard work. No real skills,

@unknowndriver6652

Жыл бұрын

What do you mean?

@jackjack4412

Жыл бұрын

Money is the motive right?

@falconisko

Жыл бұрын

Wrong channel to watch then?

The tide going out is going to get pretty funny soon.

You didnt create a win win situation you screwed a vet out of his equity with a bunch of BS.

@invictuslegend4405

Жыл бұрын

Exactly, thats disgusting!

@falconisko

Жыл бұрын

Someone is jealous and it shows. You can’t force someone to sell and sign off. Guy was in a situation and wanted out. Taylor was there to buy him out. Or someone else would be. Speaking like an amateur.

@denisedoherty4909

Жыл бұрын

Why woukd he give up all of his equity? I am missing something here.

Very good video’ thanks you