The Mindset Behind Flipping vs Renting Properties | My Real Estate Investing Strategy

Тәжірибелік нұсқаулар және стиль

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SPRINGBOARD TO WEALTH FUNDING: www.sbtwfunding.com/
Start your real estate investing journey with mentorship from me and my team: learn.springboardtowealth.com...
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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.
Follow on Instagram: / thachnguyen
Timestamps:
0:00:00 Should I flip this house or keep it as a rental property?
0:00:57 The mindset of delayed gratification and the benefits of owning rental property
0:02:18 Factors to consider: appreciation and cash flow
0:03:52 Different markets for rental properties: A, B, C, and D
0:05:14 Example of a high-end property with good appreciation but low cash flow
0:09:48 Example of a low-end property with good cash flow but low appreciation
0:12:25 Property appreciation in certain areas of Seattle and the Midwest
0:13:05 Transitioning from D area to B and C area for better appreciation
0:13:31 Owning property in B and C areas for rapid net worth growth
0:14:23 Balancing section eight rentals with B and C properties
0:15:36 Investing in properties between B and D areas
0:16:16 The potential of building detached ADUs in the backyard
0:17:26 ADUs as the new cash flow game in high-density areas
0:18:09 Financing ADU construction and rental income potential
0:19:53 Positive cash flow and equity growth with ADU properties
0:20:59 Adu as the game changer in real estate investment
0:21:24 Mindset for keeping or flipping properties
0:21:32 Conclusion and call to action

Пікірлер: 66

  • @quartytypo
    @quartytypo3 ай бұрын

    Two investment rules: Rule 1: Never fall in love with an investment. Rule 2: Never forget rule 1.

  • @motivationzunet

    @motivationzunet

    2 ай бұрын

    When emotions are high, logic is low

  • @wyattgonzalez1964
    @wyattgonzalez19643 ай бұрын

    The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies.

  • @catherinelyng1353

    @catherinelyng1353

    3 ай бұрын

    Please how do I go about it, am I still a newbie on investment trading and how can I make profit?🙏🙏🙏

  • @wyattgonzalez1964

    @wyattgonzalez1964

    3 ай бұрын

    @johnPtrader ⭐⭐⭐

  • @catherinelyng1353

    @catherinelyng1353

    3 ай бұрын

    Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing.☺🙏👍

  • @julienestefani8117

    @julienestefani8117

    3 ай бұрын

    What impressed me the most about John is how well he explains the basics of winning before actually letting you use his trading signals. This goes a long way in ensuring winning trades...👍

  • @virginiakershaw6119

    @virginiakershaw6119

    3 ай бұрын

    I agree that there are strategies that can generate solid profits regardless of the state of the economy or the market, but such implementations are usually carried out by investment experts or experienced advisors.

  • @liljoshh158
    @liljoshh1583 ай бұрын

    Very helpful video thanks🔥🔥

  • @tico5224
    @tico52243 ай бұрын

    Its clear my mind now thank you

  • @1000HHL
    @1000HHL3 ай бұрын

    Thanks for sharing. This is good content. I'm definitely subscribing !

  • @leodass
    @leodass3 ай бұрын

    Hello Mr.Thach,Thank You Sir, for sharing.

  • @dhowto3005
    @dhowto30053 ай бұрын

    Thank you Mr. Thach Nguyen!

  • @celina831
    @celina8312 ай бұрын

    Wow good explanation. Thank you

  • @doughboyliao
    @doughboyliaoАй бұрын

    Goldmine of information

  • @sonnygsmith3207
    @sonnygsmith32073 ай бұрын

    Where I'm at the ADU does not get it's own tax code, but I don't really mind. Just as long as I can get an extra unit to rent out and help with the cash flow is good enough for me. thnx for the insightful info.

  • @stevencdl7762
    @stevencdl77623 ай бұрын

    Great video

  • @myproperty250
    @myproperty2503 ай бұрын

    much love Thach hire in Rwanda, i wish you to visit for holidays and investment opportunity

  • @jacobsunnihome
    @jacobsunnihome3 ай бұрын

    I really hope the big cities in east coast learn from Seattle. In Boston, it’s still difficult to build an ADU in the backyard.

  • @Waltaere
    @Waltaere3 ай бұрын

    Thaaach 😃

  • @xx-nn4kt
    @xx-nn4kt3 ай бұрын

    Can you do a more in depth video on ADU please you are much appreciated !

  • @kevinkang3757
    @kevinkang37573 ай бұрын

    Awesome Video! Question: What is the new law of having separate tax ID in California called? I want to do more research about it.

  • @YoLaw-py4so
    @YoLaw-py4soАй бұрын

    Thanks for the sharing! I’m wondering if you will sell the fixer upper after rehab and keep the DADU?

  • @Pyeknom
    @Pyeknom3 ай бұрын

    Appreciate meaning inflate or inflation.

  • @arthurboudreau1272
    @arthurboudreau12722 ай бұрын

    Hey teach love your content. Thank you so much. My question to you is I live in a two family which I own I live on the first floor. I rent the second floor. I bought my property for $260,000. It is now worth approximately 480,000 to 520,000 I have a wife and two teenagers. I have had the property since 2019 after my tenant pays me rent. My portion of the mortgage is approximately $260. My question to you is I want to grow my net worth a lot more, but I am stuck. I do not know how to purchase another property. I was wondering if I could take the two family I live in as a dwelling and sell that take a portion of it purchase. Another piece of property has a 1031 exchange and the other portion purchase a small single-family for my family thank you. That is just a snippet of one of my questions. Thanks again looking forward to hearing from you.

  • @dave2250
    @dave225028 күн бұрын

    Hey, this was one of the most interesting explanations of an emerging real estate strategy I've ever heard. How would you define B and C level properties though? Do you look for price given average neighborhood income, demographics, crime rate, proximity to certain things, etc? What's the criteria? Thanks!

  • @SoundsofNatureRelaxing-di9rx
    @SoundsofNatureRelaxing-di9rx3 ай бұрын

    How do you determine whether the area is an A,B,C or D?

  • @domovnakypru
    @domovnakypru3 ай бұрын

    very nice advise Thach , how can I invest in this kind of properrty as an european citizen? Is this possible for investors from the eu ?

  • @reyescampingfun8928
    @reyescampingfun89283 ай бұрын

    #Beast Thach

  • @zeekflash6924
    @zeekflash69243 ай бұрын

    How much will a new build cost ? And will banks , finance it , California, expensive like Seattle ,

  • @angeltranchannel397
    @angeltranchannel3973 ай бұрын

    What do you think about Duplex?

  • @ChuckNorris-Investor
    @ChuckNorris-Investor3 ай бұрын

    In Hawaii ADUs can't be sold separately. 😢

  • @garyturner5938
    @garyturner59382 ай бұрын

    How much do the single houses cost you that have the ADU potential?

  • @Mike-vvwvvwvv
    @Mike-vvwvvwvv3 ай бұрын

    Flipping= Instant profit in your pocket and move to your next project. Rentals: Build up equity, collecting monthly rent but headaches dealing with vacancies, maintainance, evictions and problem with tenants

  • @02nupe

    @02nupe

    2 ай бұрын

    This is why property mgmt helps mitigate some of those problems with owning rentals. Long term win.

  • @motivationzunet

    @motivationzunet

    2 ай бұрын

    Flippings can be instantly profitable for short term althought it has a bunch of tax that comes with it and you're really dependent on the market. Rentals are immune to short term market changes, tax free money in form of refinance, and you can still do BRRR and get the quick money

  • @motivationzunet

    @motivationzunet

    2 ай бұрын

    Also, just get a property management and it becomes passive too 🕊️

  • @TurnRiver
    @TurnRiver2 ай бұрын

    If you're putting more money down, or leaving more equity in the property, then doesn't that lower your interest rate?

  • @alexnkim
    @alexnkim3 ай бұрын

  • @McNelisG
    @McNelisG2 ай бұрын

    I like the idea but this wont work in all B or C areas, I live in a B or C area in CA. Property taxes and insurance would be more than 400$ a month. Double that in some cases. Therefore you would have to rent the ADU for even more than you mentioned. Most 3 bed 2 bath houses will not rent for $3500/month. More like $2800-$3200 depending on the home. A 1000 sq ft ADU certainly won’t rent anywhere near $3500/month…

  • @jayc4715
    @jayc47153 ай бұрын

    After 5 years i flipped one of my rental properties this month... Too much built up appreciation/equity and i cant raise the rents anymore in my area to meet the 1% rule

  • @johnappleseed936

    @johnappleseed936

    3 ай бұрын

    what area?

  • @SergioB-MakingMillionaires
    @SergioB-MakingMillionaires2 ай бұрын

    This question is always in my mind whenever I purchase a new property. It is very tempting to flip the property for the immediate return, but I usually end up keeping them as rental for the long term appreciation.

  • @jaydeeare285
    @jaydeeare2853 ай бұрын

    Dude you are drowning.in debt and the seattle market is down from covid highs.

  • @ThewinnersO

    @ThewinnersO

    2 ай бұрын

    You must have a disconnect and lack knowledge of the broader real estate market. 😅

  • @jaydeeare285

    @jaydeeare285

    2 ай бұрын

    @@ThewinnersO You must have no idea how over leveraging oneself in any market can easily lead to financial ruin during even the slightest of downturns. 🤣

  • @A.M.1.
    @A.M.1.2 ай бұрын

    Why are people obsessed with real estate.. its literally just a house that someone pays you rent. You could spend your life doing anything

  • @vivikurd610
    @vivikurd6103 ай бұрын

    How to connect with you?

  • @mowthpeece1

    @mowthpeece1

    3 ай бұрын

    He has several ways written in the box above.

  • @McNelisG
    @McNelisG2 ай бұрын

    A 1000 sq ft ADU will not rent for $3500/month, that’s insane. Not even in CA a 3 bed 2 bath house rents for that much.

  • @wl6020

    @wl6020

    2 ай бұрын

    A dadu is better than a apartment. 2 br 1000 sf old apartments in seattle, in bad areas, is already 1800 a month. Its that expensive here.

  • @McNelisG

    @McNelisG

    2 ай бұрын

    @@wl6020 that’s on par with the SF Bay Area. Over here you are very lucky to only pay $1800 a month in rent it’s more like $2200 even in crappy areas.

  • @wl6020

    @wl6020

    2 ай бұрын

    @@McNelisG when thach says 3500 a month, i know he is not lying. Some People with money really pay for brand new, nice renovation, not having to share walls, safer neighborhood, and higher quality neighbors.

  • @McNelisG

    @McNelisG

    2 ай бұрын

    @@wl6020 these things you mentioned typically only come in million Dollar neighborhoods so this is not an option for anyone with an entry-level home or really anything under $1 million or just short of that.

  • @wl6020

    @wl6020

    2 ай бұрын

    @@McNelisG yes of course. You gotta pay for luxuries. I got priced out of seattle and still have friends/family there. My seattle 380 sf apartment in a 100 year old building is now renting for 1500 a month since i check every so often on Craigslist. Its in a average neighborhood, not ghetto.

  • @Americansikkunt
    @Americansikkunt3 ай бұрын

    How will declining birth rates affect real estate in the next 20-30 years?

  • @richie1317

    @richie1317

    3 ай бұрын

    There are enough illegals coming in to keep the population up

  • @jaydeeare285

    @jaydeeare285

    3 ай бұрын

    Not in the least.

  • @StormLightning150
    @StormLightning1503 ай бұрын

    This BS artist appeared on my feed just now. I don’t know why

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