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@JTL1776

Жыл бұрын

Imagine doing this with a few close friends in a small town. You'd own a significant chunk of the town. Making you very influential locally. Getting more of a guaranteed say in things.

@mikek545

Жыл бұрын

Imagine if interest rates go up, people loose there jobs and a recession happens. Tenants stop paying rent the the bank calls your notes. Wow all that risk, well thank goodness that will NEVER HAPPEN 😅

Always an honor to be on the #1 KZread channel for small business owners!! ❤ Thanks UpFlip!

@AlexSanchez2254

Жыл бұрын

Thank you brother! I’ve watched all your episodes and even bought your landscaping course.

@UpFlip

Жыл бұрын

Its always a pleasure doing the interview with you ;) We love your energy and knowledge!!

@sergiosotojr2272

Жыл бұрын

Good information thanks keep up the good work

@SRC503

Жыл бұрын

Man your a try hard. I say this in the most respectful way. I wish I knew people like you

@brandonboushy

Жыл бұрын

@MikeAndes do you have any content about how parents and other people influenced your life? You moved through your education so quick. Was that your natural internal drive, parents encouraging you, teachers realizing the subject matter as were too slow for you, or other influences?

I love how the host even though is well versed in real estate he allows his guest to give his knowledge and thoughts on real estate. Most people like to talk over the person being interviewed and act like a know it all.

I love the enthusiasm of this guy. You can tell he really enjoys what he is doing. It’s been a long time since I’ve heard anyone this passionate about what they do.

@mikek545

Жыл бұрын

Well ya because everything went up for the last 10 years but those days are over buddy. 😅

@startingtech3900

Ай бұрын

Mike could sell ice to an eskimo

Awesome interview. Thank you to Mike for the great tips and insights

This is the most instructive real estate video I have ever seen

This is my new favorite KZread channel. Keep up the excellent work and passing on all the knowledge!

The host of this channel has such a good eye for bringing on the best guests. Mike is so knowledgeable without one stutter in his tonality as he talks about everything. Love the confidence.

@brandonboushy

Жыл бұрын

I’ll see if I can get permission to release some of our content guides. They are crazy detailed. The blog writing guide is like 20 pages and we’ve updated it multiple times in the last year.

Great video. Thanks to everyone who was involved in making this video happen!

A lot of golden nuggets in this video, thanks a bunch dude.

Best video I have seen on this channel. Mike is a genius.

Thanks, so much information.

Great videos and value information.

A flood gate of info. Much appreciated.

What Mike is doing is really bad for normal people, he buys properties and adds value, which is renovation and jacking up rents. I have been in 3 apartment buildings in the last 6 years that got bought, and first was a rent increase, some left, some got evicted because they can't pay and can't find another cheap place, and then after renovation rent was at least double. Mike is chasing excellence and doing good for himself, but he is really taking out affordable housing for his area. If more people watch this and follows this, it's really bad for the whole country. Homelessness increases like this. The more I watch this video, I see how smart Mike is and what techniques he has, but I do feel for all my neighbors who had nowhere to go. Families got evicted, seniors had to live in cars, and I had to move out of a region leaving all my friends and family behind. Mike's place in Bellingham was 700 before, and went to 1700. I'm sure no sq footage was added.

@thedangerousbeauty

Жыл бұрын

He isn't buying buildings or huge developments like ppl do when they gentrify neighborhoods. And where he runs his business from, no one really lives over there. I understand your sentiments about displacement but trust, it isn't Mike's fault. He also is helping the economy when he hires workers (like property management and whoever works for his landscaping business). It seems he is also still able to rent to people who can afford to live there. He also has to stay competitive enough with rental rates to be able to do that.

@wl6020

Жыл бұрын

@@thedangerousbeauty Mike just said in the video that in Bellingham, which is a city of 90k people, he bought a apartment complex and rent went from 700 to 1700 after renovation, each unit. Some have more bedrooms. Many people priced out of Seattle moved to Bellingham, and now Bellingham has a massive issue with cost of renting.

@tbprofile1295

Жыл бұрын

But does the market not adjust? He has to price accordingly.

@abracadabra_0_0_

Жыл бұрын

Harsh reality

@wl6020

Жыл бұрын

@@firstLast-jw7bm yes its increased value, and someone better off will rent it, but this is bad for many places where people are struggling to afford rent. Zoning laws are strict all over america and not much new housing is being built. If more companies are doing this more and more people will live in cars and not get married cause the cost of living is so high.

This is good. That guy is a legend! Great info

I think this guy just loves the sound of his own voice, didn't answer the question at times and just rambled on.

@jaqueitch

10 ай бұрын

He's definitely on the spectrum.

This was an awesome interview. Very informative great questioning. Great job !

Love these "Real Talk" video content with entrepreneurs. There was a lot to take away from this video. Mike is definitely the visionary with a wealth of business knowledge. Love his energy!

Love & appreciate the value in this video!

@UpFlip

Жыл бұрын

Glad to know you found inspiration in this video! Hope you watch our other content and find value in them too. Any business you want to see next? ☺️

great episode

Great episode! Mike is killing it out there! I'm happy to see this kind of content! It was REI that let me retire in 15 months. I just run my other companies now for fun, but if there were a rough patch, i'd have a sizable defensive position due to all my assets!

What area is this. Love the surroundings ? At 2:00 mark

Serious question, do they make any effort to verify any of these numbers that people claim for revenue and profit? I’m not calling anybody a liar but I’ve seen a couple that I thought were pretty questionable on claimed revenue.

@xiaoyunjiang8451

Жыл бұрын

Seriously. Fresh high school graduate and at seven figures?

@RobbyTripp

Жыл бұрын

@@lwibusinesscultclassics That’s a very good point.

@RobbyTripp

Жыл бұрын

@@xiaoyunjiang8451 Yeah some of these are just beyond ridiculous.

Very informative

“A great realtor like you” Mike already putting in work 😂

How much coffee ☕️ Andes, that’s the *Real question……….

Frodo is doing well

Working on getting my first property and this helps so much!

This man has got to be related to Graham Stephan lol. Great video!

@eduguidea

Жыл бұрын

tonality yes similar but I guess height, energy, industry also lol!! Great catch!

I got a lot of practical information from this video. Tons of value 👍🏾

@UpFlip

Ай бұрын

I hope you can apply these valuable nuggets in your daily life!

Tell us about net...

Hi, I was wondering if you all could hopefully do a video on opening and owning a movie theater!

No need to hide from the lender. You are only required to live in an owner occupied home for 12 months then you can rent it without worrying about the lender.

Gross is nice but net income is the only thing that matters. If he “makes” $480k a year but spends $470k a year on expenses…he’s still broke

@peterpetrov3060

Жыл бұрын

Great point.

I do the exact same thing using the BRRR method, recently just bought a home that needs rehab but with some land and a large warehouse on site i can run my business from home and rent out my 4 bedroom house with a pool

@larios86

Жыл бұрын

Bro why on earth would you rent a house with a pool, you rent average houses not houses with pools, acres, or runways.

@bowtiedai

Жыл бұрын

nice little tax write off too

@PrintKingdom904

Жыл бұрын

@@larios86 because it brings in a lot of money, i moved into a fixer upper with some land and large work shop so i can grow my home business

@supertreme5559

Жыл бұрын

@@larios86 there are people renting houses in los angeles for 100k/month

@mahockey3

Жыл бұрын

​@@larios86yeah don't let the peasants have any good houses 💀

Amazing video Love from canada

@UpFlip

Жыл бұрын

We're so happy you enjoyed the video O canada. 😀 Thank you for the love and support. We can't wait for you to see what we have in store in future videos. Please let us know what other types of content you'd like to see on the channel?

@ocanadashorts2726

Жыл бұрын

@@UpFlip I definitely will watch all your videos what u already posted and will post its worth time. Amazing content… I would love to see some of Canadian people as well. Because i live in canada so it will help to male better picture on numbers and how things work this side. But even its US it will be definitely motivational for me. Thank you again 🙏🏽

Buy cash no debt... ? Yeah ok Ramsey... Nobody can save money for a house.. not with these prices

This kid knows his stuff. I'm studying real estate and I would Hire him as an AGENT LOL. He broke that functional obsolescence down to a tee. He would've been a great broker too.

@UpFlip

Жыл бұрын

He definitely knowledgeable in the real estate industry. 😀That's wonderful that you're studying real estate The Dangerous Beauty. How long have you been in the industry?

@kerimalpalt

11 ай бұрын

He probably employs you

Been doing real estate for a few years now and manage them myself. One good tip is always present your self as the property manager not the owner that way they are not texting you in the middle of the night with all their problems.

When you buy a rental property that has long term yearly tenants, what do you do with them if you want to start Airbnb business on that property? Do you just ask them to leave at the end of their lease?

@Rflows100

5 ай бұрын

Don't do it. Even though you can make money on it, it's not worth it as eventually you will have to give it back to the market. As it is already predispositioned that a house is meant for residence, at the longest time one chooses. Anything more than that will eventually result in house prices going up, which then results in inflation. The interest rates are merely a means to protect the severity of inflation. Thus its important to not let greed win. Simply provide value where it is most needed and you will be able to afford whatever it is you require

@Rflows100

5 ай бұрын

And remember Yeshua loves you

I heard several Meet Kevin view points, and terms. Love how excited he is about what he does.

This man is knowledgable & enthusiastic it’s crazy🔥🔥

@UpFlip

11 ай бұрын

Thank you for watching!!!

Great energy from this guy!

Seus vídeos são excepcionais. Falo aqui do Brasil e trabalho prestando serviços de informática, montagem de rede de fibra óptica, cctv. Gostaria de ver um vídeo de vocês com esses serviços sendo apresentados a nós

Um so he bought a lot with a home. The mortgage is $3,000 and he rents out the back to a business and makes money off of that. It seems like a good deal as long as someone rents the home out for $3,000 and the back out for $2500-$3000. If one is vacant and he needs to make repairs or upscale for the business in the back he might be in a tight spot. Not the best of deals because I know he had to put down a down payment, and fix the home up and do all of the other upgrades. He will only make money once he sales. It may be a long long term hold. Also did he buy it with his own money or get his own loan through a bank or is it a hard money loan? I know the title said gross. What is his NET?

@maloncharles4327

Жыл бұрын

I'm very glad I stumbled on this today writing to him now.. Really hope he can help me

@mikeschmidt4800

Жыл бұрын

I would never pay 3k per month for that house. Where is this at, NYC?

We want cashflow anddddd appreciation . Not one or the other. You have to get creative , like adding the secondary suite or backyard apartment . The deal has to cash flow i wouldn’t advise buying something that’s “breaking even” because even a $500 cash flow per door is actually the break even after you factor in maintenance , repairs , . Things come up it’s not smooth sailing with real estate. Brand new furnances break down in early years . Things unexpected come heavy hitting that’s why cash flow for sure it’s not optional . Don’t buy something “breaking even” (losing money). Appreciation is speculating which is nice but don’t rely on it . Otherwise if you do, go to the casinos while you’re at it . That’s gambling

@22chachalaca

Жыл бұрын

Canadian real estate was all about speculation the last few years. Since February, prices have fallen 200k. I see rentals in the area and don't understand how they're cashflow positive. I think we have a lot of bag holders around here.

@b-rare

Жыл бұрын

@@22chachalaca with the rates going up there is for sure a lot of landlords getting squeezed but many of them can have fixed term or variable fixed . So most will not feel the impact until it’s time to renew the mortgage . Then I can see lots of landlords not cash flowing. I remember I even had a mortgage broker tell me that it’s okay to not cash flow. I laughed in his face. All my units are comfortably cash flowing even with the rate hikes. My mortgage goes up every time the fed increases the rates so it’s variable not fixed. Up $400/month per door. It’s crazy. But I cash flow $1000-1200 per door so I am still doing okay but if the rates doubled from what they are today it would be bad for everyone

@b-rare

Жыл бұрын

@@22chachalaca i also wanted to note that rents have increased like crazy over the last 6-18 months. as rates rise, rents seem to be rising so the cashflow still works when factoring in todays rent prices, but yesterdays rent prices dont cash flow with todays rates if you get what im saying..and seeing as how ontario has rent control, you cant just jack up rents cause your interest rates are jacked up. only allowed the 2% yearly increase or what ever it ends up being. i think this year its 2.2%

@22chachalaca

Жыл бұрын

@@b-rare I'm talking properties that are for rent at the moment.

Dude's outfit is like he is mowing a lawn at McDonald's

@MS-tc2fs

Жыл бұрын

U checking him out in that tight top eh?

Yellow is his favorite color 🤷🏻‍♂️

A jack of all trades is a jack of none.

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.

Kudos!

@UpFlip

Жыл бұрын

Thank you for watching, Me You! Are you a business owner yourself or are you looking to start one? Please feel free to browse through our videos for more inspiration and value. :)

Remember the days only a couple years ago of 3 1/2% interest rate man. I wish it was back as both a realtor and mortgage lender that would make a big difference.

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

@tylerdiedrich1947

Жыл бұрын

Wait it out about 6-12 months Keep cash let the dust settle slightly and make rational decisions !

Airbnb is the key to cash flow

thanks mile for the zillow tips learned some new tricks on how to turn zillow into powerful research tool

@biancarustand5357

Жыл бұрын

Hi! I have some questions for you! Any way we could get in contact ?

@PrintKingdom904

Жыл бұрын

@@biancarustand5357 yeah fire away

@Grahamstephan needs to react to this

The timing of this video is hilarious

@gx1754

Жыл бұрын

get on it mayne

@gx1754

Жыл бұрын

time is money

Brother truck workshop video please

mike is a short king

@UpFlip

Жыл бұрын

Thank you for watching! Are you in the real estate industry too? If so, we have a ton of other content just like this, so please feel free to check out our channel! ☺️

I would not be so quick to discount Dave Ramsey’s methodology. I’m sure you know that he followed your formula and went bankrupt. Your calculations are true but they do not account for risk. This is why the saying “cash is king” should resonate to your core.

@entertainmentclub855

Жыл бұрын

Wym by that

@jackhenderson4784

Жыл бұрын

Matters how much you want to grow

That’s air bnb / office / house combo really nice. I’m sure that ads massive value because the place sells based on the cashflow and it’s been increased with the air bnb and could rent the spot for business . You could have tripled your money there

@UpFlip

Жыл бұрын

Thanks for the feedback CB. We think this was a great idea as well. Its like a one stop shop for someone in business. 😀Would you ever get into or are you currently in the Real Estate industry?

@b-rare

Жыл бұрын

@@UpFlip I do the same as this guy I have a landscaping business but we do landscape construction not maintenance and in winter time I’ll personally buy run down properties and fix them up, rent them out and then refinance . You need the place to make money each month otherwise look at right now interest rates up, house prices down. You don’t want to be negative equity and negative cashflow that’s a bankruptcy waiting to happen. There’s people that leverage themselves to the fullest. Be careful !

Yes this young man is a genius. I am saying that too. WHO WANTS TO HAVE a family with only 1 bathroom YIKES!

not everyone wants that many people living in the household so one restroom is generally fine specifically in a creative type 4 bedroom home

Did he have to chance the zoning to commercial?

@startingtech3900

Ай бұрын

Yes he had to get approval from city

4:30 that dude in behind

Would be nice if you ACTUALLY ASKED what the reasons were for him having classified his first deal as a "bad deal".

Which state is this in ?

@UpFlip

Жыл бұрын

It's in Washington! ☺️

It doesn't work anymore, for how much the rates increased from 3.5% to 8% you will only work for the banks ...this works only if you have a lot of money and don't go through banks ,in this case suits him because he makes a lot of money of the books and he does not declare anywhere how much he invests in a dilapidated house... he basically buys cheap, and turns them into profitable businesses with cash. Everyone who deals with construction and services of this kind knows well... there is a lot of cash to be made and he ends up not knowing what to do with them.

Next Mike will be selling real estate courses… bet on it

Houses should be made out of cement, especially in the US with its extreme weather conditions!

Isn't it like tiny home community?

What market is this? RE is crashing so time is different now and has to be more careful.

@tbprofile1295

Жыл бұрын

Bellingham, Washington.

No way, I thought he just cut lawns lmao

Gross grosses out the bank account. Net is neat.

There is no better approval in the world than an approval from Warren Buffet

Do all real estate guys have to speak as fast.

4:30 camera right, oh hi there

There is risk to everything young padawan

@UpFlip

Жыл бұрын

Very true. But it's facing the risk that gets you to the other side. Thanks for watching! ☺️

This guy is better suited to do infomercials... It scrubs, it rubs, it outshines and refines!

Wait, so he grosses $480,000/year from Real Estate? With all that gross, he must be the world's best janitor too! 😂

No doubt you’ve also explained both Values AND RENTS will drop at least 25% and more in coming months as listings of both have tripled in past 90 days in hundreds of cities. With Interest rates going up 200% in same period, that just made the ‘CAP RATE’ 4 % ON 2 yr T-bills, which measures up to R E rental income w/o the hassle. 4 million evictions are coming within 60 days now the PPP emergency has stopped mtg and rental assistance. Yep, stuff is about to get real, just saying.

@panamericaco

Жыл бұрын

wouldn't be terrible if house prices came down 50% where they should be

@UpFlip

Жыл бұрын

Thanks for sharing My Lodge. 😀👍The real estate market can be very delicate and timing definitely plays a vital role on both ends of the spectrum. Do you work in the real estate industry?

@larios86

Жыл бұрын

@@panamericaco I wish but impossible even in the major attractive cities in 2008 they never came down 50%

*Manifest* UpFlip will do a video on me one day. I'm in Port Angeles, WA *Manifest*

@UpFlip

Жыл бұрын

We sure can, reach out to media (at) upflip (dot) com.

@albertb5863

Жыл бұрын

Are you on wa rei Facebook group ? Let’s connect

very short man

FHA and 203k streamline .. is the way for fixers owner occupied

@UpFlip

Жыл бұрын

We appreciate you tuning in! Thank you! ☺️

Dude looks like he’s about 4 foot 8

@UpFlip

Жыл бұрын

Mike's a little short. Thank you for taking the time to watch! ☺️

Hi bro you should also take interview of Raman dua he migrate from india canada in 2003 he sold more 7 billion real estate his company name is save max he also has KZread channel name save max

Real estate and lawn mowing business wow

@UpFlip

Жыл бұрын

Thanks for the comment Mathieu Saint Juste.😀 Do you work in either one of these industries?

What do you need to do to make your first deal when you are 18 years old? You need to make a 75k cash deal ))))

@UpFlip

Жыл бұрын

We have provided tips on our blog. If you can, please head on over and get a good read! ☺️

Okay... He was 18 years old and was at seven figures? This is spiking the questionable-meter. Didn’t you just graduate high school?

@Sharkdog11b

Жыл бұрын

He’s a genius he was taking college classes for med school when he was 13

@Sharkdog11b

Жыл бұрын

Also it seems like you don’t understand what he meant. It’s easy to have seven figure net worth at 18 net worth is t money in the bank. I have seven figure net worth and that has nothing to do with my income.

@Sharkdog11b

Жыл бұрын

And his massive lawn care business he’s made millions off of

@rahulkunwar7981

11 ай бұрын

Good parents will do that. My folks helped me start my first company at 16, at 19 sold it for 7 figures. Also I didn’t skip college, finished and got my doctorate while continuing to start more companies. Ppl need to stop thinking it’s one way or the other, we live in 2023. But yeah idk about dude, having 7 figure network means almost nothing lol, my toddlers networth = 7 figures.

how the market is now, gl

@UpFlip

Жыл бұрын

We appreciate the feedback u2damoney. 😀Are you in the real estate industry as well?

free the top g

These guys talking to fast

*Right on."*

@UpFlip

Жыл бұрын

Thanks for watching dope Lit only one.😀😀We appreciate you supporting the channel. What tips did you learn on investing in real estate from the video?

Looking for a house with bad bones?? Otherwise very good!

Bro take a breath Jesus. Like dude… let the host talk a little lol

@archangel4747

Жыл бұрын

We need as much information as we can get

@buffalodre2029

Жыл бұрын

😆😂

@lexb277

Жыл бұрын

Free information

Graham Stephen's identical twin

@xianmurk2496

Жыл бұрын

Graham is a KZreadr, mike is an investor. Don’t ever compare the two.

Was considering subscribing before I saw this video…ew.

@ct158

Жыл бұрын

This is the best video they made 😂😂😂 who the fuck are you😂

Leeches

It must be nice to make all these videos of yourself and boast all about your accomplishments and tell use how much money your making when everyone around is struggling in this terrible economy. But what do I know