Let’s talk more about current market. These are people who bought pre pandemic

Need more current stories of people trying to swim with the sharks now in 2023.

@sabrinas8965

Жыл бұрын

Right real estate prices are insane

@leeyoder1982

Жыл бұрын

2023 is definitely a different market. I'm being very conservative right now.

@bhagatved

10 ай бұрын

I don’t even want the “invested and here and put in the work and got amazing returns” I want the specifics of what people are doing now…I’m valuing reality > positive wealth stories

@luneeve

9 ай бұрын

Swimming right now! Multifamily is the only way in my opinion cause you’re providing a service/product while having a roof over your head. Honestly one is a enough!

@mam09d

9 ай бұрын

How can you do 2023 market without time for maturation …

Frugality and the ability to delay gratification are the two most important predictors of future success.

Yoder's journey is a testament to the possibilities within the real estate market, even for middle-income earners. His story underscores the significance of strategic planning, measured risk-taking, mentorship, and living below one's means as key elements leading to real estate success.

Real estate investing, takes a lot of sacrifice but once you get going it becomes easier by the day. Love this video.

Very helpful tips. My take aways 1. Networking 2. Get started 3. On your own, build your track record.

Thank you so much for all your info, extremely helpful and thankful for you guys

@leeyoder1982

Жыл бұрын

I'm glad you enjoyed this episode and benefited from it!

Went from paycheck to paycheck to financially free in just over a year thanks to multi family investing and some good timing.

@threefoldrealestate2592

Жыл бұрын

Wow, that's awesome, Aaron! Congrats!

@susanwaweru2734

Жыл бұрын

I am hungry for that

@Stoneface_

Жыл бұрын

How did you buy your first multifamily property?

@mbailey461

6 ай бұрын

How did you get the capital for the purchases?

@aarongillette4420

6 ай бұрын

@Baller390 I found the ugly duckling not top far from my house and made an offer. My credit union had a 15% down option, so closing was less then 18k altogether to bring to the table.

Excellent and informative video! Thank you so much.

Enjoying this so far

I enjoyed this segment very much. Thanks 🙏🏽

Incredible guest!

Great story...so inspiring something i would like to start

Great interview!

Great episode thanks

Another great episode!

Love hearing your story.

@leeyoder1982

Жыл бұрын

Glad you enjoyed it!

Always great to see fellow local Cincinnati, Ohio investors on the podcast. Gives me hope that I too can reach the level that these guys have!

@leeyoder1982

Жыл бұрын

You can reach this level! You just have to stick with it long enough!

Great discussion topic and points made!

@leeyoder1982

Жыл бұрын

Glad you enjoyed it!

This is an such a relevant episode. Thank you

@threefoldrealestate2592

Жыл бұрын

I'm glad you enjoyed it, Garey!

Great video and very insightful on how you don't need a ton of money to get started!

@biggerpockets, any advice on which podcast to start with? I am looking into start Investing in real estate and not sure where to start

Love this!!!!! So great to hear the details of someone's story!!

@biggerpockets

Жыл бұрын

Glad you enjoyed it!

Great interview.

That loop net comment! Thanks for clarifying 😂

@leeyoder1982

Жыл бұрын

Loopnet can be a powerful tool!

Great video! Lee Yoder's story is truly inspiring. It's amazing to see how he took a risk and made a huge career change to pursue his passion for real estate. I love how he emphasizes the importance of networking and using online resources like Loopnet to find great investment opportunities. It just goes to show that with hard work and dedication, anyone can achieve their financial goals. Thanks for sharing Lee's story and providing valuable insights for aspiring real estate investors. Keep up the great content!

@threefoldrealestate2592

Жыл бұрын

Wow, thanks for the kinds words!

❤❤❤ Thanks

This one was a banger. God bless to all.

@leeyoder1982

Жыл бұрын

Haha. Glad you enjoyed it!

I enjoy watching these types of videos. However, I currently own a duplex rental that is doing well. I am just incredibly stuck on building the capital to acquire the next set of doors. Its like I'm spinning my tires trying to gain traction quicker.

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

Great episode!

@leeyoder1982

Жыл бұрын

Glad you enjoyed it!

Good video

Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.

id love to see more podcast episodes on starting with smaller multifamily like 4 plexes. This is how i would like to start but finding the capital for a 2-3m 4 plex investment in california is extremely difficult.

@Nancys_minion221

Жыл бұрын

I’m in the same boat. Trying to find a 4 plex in Orange County

@KiraBKADestroyerOfWorlds

Жыл бұрын

Idk how anybody gets started in California. It definitely seems like that's more of a transition area rather than a getting started region.

@itsjohnanthony

Жыл бұрын

I’m looking to start with a 4plex myself. I’m in New York the houses is extremely expensive

@domaindefense

Жыл бұрын

Are ya'll looking at other areas? That might be a bit easier (cheaper of course).

@Nancys_minion221

Жыл бұрын

@@domaindefense I am but even the outskirts are ridiculous.

Love bigger pockets. I’m definitely looking into learning more an joining ur forums 🥰

@threefoldrealestate2592

Жыл бұрын

Bigger Pockets is definitely a great place to go for learning!

@leeyoder1982

Жыл бұрын

Bigger Pockets is such a great place to start if you want to break into real estate investing!

I heard Fresno, CA has surfing an hour from the city and skiing an hour in the other direction

Are there any meetups in NY?

Love this. As a real estate investor in canton, Ohio this is awesome!

@leeyoder1982

Жыл бұрын

Ohio is where it's at!

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

I had a tenant that never told the pervious owner the bathroom sink did not work. Turned out she was a horrible tenant and I ended up evicting her. Less then a year after purchasing the property.

@leeyoder1982

Жыл бұрын

Yes, that type of stuff happens as well. You never know what you're going to get when you own rentals!

Thank you so much for this video. Really good information. I also love the David and Andrew combination. Would love to see more of them together talking about multifamily.

@threefoldrealestate2592

Жыл бұрын

I agree, Jen T, David and Andrew are a great combination!

Isnt loopnet mainly commercial?

What kind of auction he uses?

I own a condo and have been trying to figure out whether to sell my condo and use the proceeds as a down payment on a multi family or should I just use the equity in my condo for the down payment for an investment property?

@Touchatt

9 ай бұрын

Open to creative or seller finance if you get asking or even above asking?

Man i wish I could go to the conference but I didn’t know it was gonna be 1k but I feel like at the same time there will be so much helpful knowledge there but I’m also trying to save up for my first property

@InvestingBookSummaries

Жыл бұрын

Just save money. Watch videos, read books, and keep saving. Plenty of free info out there.

“If you’re gonna be broke then you’d better be tough. “

This was a superb episode with Leo Yoder! He drops a lot of GEMS on this interview. Thanks for having Leo on the show.

@leeyoder1982

Жыл бұрын

I'm glad you enjoyed it!

What % are property managers normally paid in Texas?

2023 real estate investing GO HARD

I almost wonder if because investors are more cash heavy sort of "waiting for the ball to drop" that this "crash" really isn't coming - that more or less there might be some dip in prices, but then things just keep on moving upward, until the real crash (if it happens) which may yet be 3-5 years out... just some thoughts.

No freedom without sacrifice

How did he buy the first one, that he purchased from the online auction?

@leeyoder1982

Жыл бұрын

I used a HELOC (home equity line of credit) on my personal residence and cash I had saved up.

Man you’re video titles just speak to my soul. Did you do that on purpose? Lol

What’s the RIA? Mentioned at 37:52 minute mark

@threefoldrealestate2592

Жыл бұрын

REIA: Real Estate Investing Association: This is a group of people interested in investing in real estate. Pretty much every major city has a REIA.

Is it taboo to ask specifics on the numbers? I feel like every video is “how did you come up with the money?” “Oh, me and a family friend went half and bought the 6unit, then the 8, and then the 16.” I wish these responses would get pressed into more. For example, okay.. but how did you do that. Did you and a buddy each have 200k to throw at a unit? Did you both finance a unit with 40k each? If so, what was the mortgage payment on that a month? How much was the unit. How much was it worth after renovations?? Etc…

I can't find a local reia in my city. There used to be one, but i don't think there is anymore so no, not every city has one.

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

I like what he said about calling an agent, finding out the property was taken and building confidence from it that he was identifying good deals. Very positive take on a seemingly negative situation.

@leeyoder1982

Жыл бұрын

This strategy definitely worked for me!

43:50 ??

I’m from Luxembourg would be great to have someone talking about how to get in to real estate as some terms are not allowed here 😢

Thanks for breaking down the steps so clearly!

@biggerpockets

Жыл бұрын

Glad it was helpful!

This is when low interest and money are free.. BP, any strategy on todays market? For a beginner like me

@arthurthegreat3714

Жыл бұрын

Don't buy, that's your strategy

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

We are ready to purchase additional multi-units but need access to capital. We’re currently looking for a private money lenders.

This is great because I'd love to invest but I thought it was imposible to do this with middle class income

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

No bank loan?

2023= I live in California. I saw multi family homes for sale around my area. A duplex is 600k and is currently being rented. But rent is a little over 1k. I mean, if I will buy it for 600 k plus 7% interest rate, thats 4-5k a month mortgage, and the rent is undermarket, how do I get cashflow from it? 😢 NEED ANSWER

@mowthpeece1

10 ай бұрын

You raise the rent and squeeze the breath out of your tenants, like everyone else is doing.

@searchingfortruth619

Ай бұрын

Live in one, and raise rent on the other

I have a question. I am now buying a property that is valued at 180,000. I'm paying 100,000. How long do I have to wait to get that equity to reinvest in a rental property

@jamessopkin

Жыл бұрын

8

🔥 fire show

Hi I’m going through a divorce and I’m going to refinance my home soon. I have about $350,000. In equity and although it needs repairs I plan on refinancing to get my husband off the loan and cash out some. Who would you recommend getting the refi, I have the mortgage with Wells Fargo and the HELOC with USAA. I was thinking of USAA or do you recommend some other place?

@j_gray8642

Жыл бұрын

USAA is the best you can get

@Touchatt

9 ай бұрын

Open to creative or seller finance if you get asking or over asking price?

what is home equity line of credit

@leeyoder1982

Жыл бұрын

If you owe $100,000 on your home, but it's worth $300,000, the bank will give you a line of credit that you can spend like a credit card.

I would like to here more about using Heloc’s

@threefoldrealestate2592

Жыл бұрын

Talk with the bank who has your mortgage. Using a HELOC is a great way to get started!

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

How can I get in touch with Cincinnati Reo?

Loopnet is like dating apps it depends on the market. Loopnet is cheaper on brokers so it's used more fore Midwest states with smaller fish.... At least that's been my experience

@him4440

Жыл бұрын

great point

@leeyoder1982

Жыл бұрын

I think you're probably right.

What kind of question is that they have the puck they get bumped this hockey 😳

I think when it come to real estate, there is really nothing passive about any of it. Everything takes work and everything has to be managed.

@snanguidry3283

8 ай бұрын

Definitely has its challenges.

17:00-- I think it depends on your definition of "passive". It means different things to different people at different times. To me it means I don't have a T4 slip (gov removing taxes from my gross earnings) Instead, I settle up with them at tax time. "passive" is kind of a misnomer. Just like salvation: Is it FREE or not? It's free to us, but it cost God everything, so no, it's not free to Him.

Work with use at

Is it me, or did he not clarify the amount of income he started with, cause middle class salary could easily be near 6 figures with today's inflation rates. 🤔

@ZedGirl

Жыл бұрын

4:59 he said 30K pay cut

@traeway90

Жыл бұрын

Sounds like him and his spouse were making 100k a year combined.

@leeyoder1982

Жыл бұрын

I went from making about $110,000 per year to making about $80,000 per year.

I love it. Please do the syndication 101 episode🙏🏿

@threefoldrealestate2592

Жыл бұрын

I'm hoping they have me back to do a "Syndication 101 Episode", Kriston!

50:00

Stop moving change your seat .

I love the topics and people but man please can you make videos shorter. Like 20,mins. Probably will get more views too

Dave using street slang that only someone who has been burned would know, just laughed so hard in the gym people are looking over 😆😂☠️

Need a mentor

Great episode

@leeyoder1982

Жыл бұрын

Glad you enjoyed it!

I can be on this podcast I'm disabled going into real estate

I've heard that zillow is where deals go to die lol

@threefoldrealestate2592

Жыл бұрын

I think Zillow is another great place to look for good deals!

@solo.life.travels7215

Жыл бұрын

@Threefold Real Estate yes, it is. I found my duplex that I'm househacking, on zillow, ..surprisingly

How do I get to Better pockets forum

@biggerpockets

Жыл бұрын

You can find BiggerPockets forums here! : www.biggerpockets.com/forums

@erey2748

Жыл бұрын

🙏

Which forums??

@biggerpockets

Жыл бұрын

You can find BiggerPockets forums here! : www.biggerpockets.com/forums

Lol yeah let’s get a miami special and help finding these back door deals which is how things happen here lol

I wanna link up with a Myltifamily Mentor in Houston Tx area Holler @ your boi

Move in with in-law ?lol this guy doesn’t know Hispanics. I’m first generation and the hustle is real when you come here with zero, a lot of responsibility and in a hot market like miami. We need a south Florida edition.

@leeyoder1982

Жыл бұрын

Yeah, it sounds like you have one up on me!

HELOC is the #1 way to become homeless

@patrickwiita7520

Жыл бұрын

Or wealthy if you know what you're doing.

Please stop turning around I can’t concentrate on ur taking .

Real estate in general regardless if it's a first time buyer or investor is about the money. I'm done watching videos about how an investor buys a home, apartment or multi family and doesn't talk numbers. It's so vague, " so yeah I found this great property and then a week later owned a multifamily", really how was the possible? How much was the down payment, what was the % rate, closing cost etc...? It's always so vague that it's hard to take serious. Reminds me of these stories I read about a young perosn graduating from college and a few years later they sold their company for hundreds of millions. The in-between information is left out which is the bread and butter. These stories are entertaining not really informative. Carry on.

@Touchatt

9 ай бұрын

I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.

Question for you gentlemen? I bought a rental property in 2020 Florida for 340k at 3% rate. I have invested about 50k so far. Tenant is offering 500k. Should I sell or keep?

@RealtorDeeCloses

Жыл бұрын

It depends on your goals. Long term? Income portfolio? Whatever it is, That number is hard to ignore in that short amount of time. Over 30% in 3 years! I’m in Florida, and it depends on where you are, but the market has increased and pretty steady. Whatever you decide, good luck. 💯

@KelvinJuniorOfficial

Жыл бұрын

Would you have to pay taxes after selling it to the tenant at the end of the year ?

@excelcsllc

Жыл бұрын

@@KelvinJuniorOfficial most likely.

@excelcsllc

Жыл бұрын

@@RealtorDeeClosesthanks for the advice, it’s a tough decision to make in today’s market environment. If the rates were at 3 % then I would definitely dump it on a larger property. And if I don’t purchase something I’ll be hit with a tax that will take away the gains. House is in Daytona Beach shores. It comes with a 800 sf detached cottage.

@romi929

Жыл бұрын

I would not sell!! That’s a gold mine and your buyer knows it!!