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How To Prepare Financially To Buy Your First House Or Rental Property

Thach Nguyen 217 views

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If you have any questions, don’t hesitate to give Cody a callbrbr206-909-2007
Comment from : @ThachNguyen

bro just told me i cant afford a house
Comment from : @ChristianMedWay

More than half of the real estate portfolios today couldn’t survive a market correction Over leveraged because they are obsessed with the number of doors If market rents go down cash flow goes bye bye
Comment from : @johnfulton4952

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Lourd-Bab

What they said is simply not true those people that want to to move and buy another house also have to sell their house in order to move that creates more houses in the market everyone is going to want to sell their family homes when the rates drop meaning house prices will drop more not raise
Comment from : @jalisco872

Great information, thanks guys
Comment from : @THEREALESTATEHUSTLER

9:18 to 10:02 doesn't make sense Can anyone explain what they are meaning by this?
Comment from : @Geekchess

I have made over $700 k from a $ 100k capital so far, after a succession of payouts from trading Forex, I recently diversified some into dividend paying Stocks and for long term hold
Comment from : @Thyago2420

My website lists top local properties for sale Check it out when you can
Comment from : @growthcents

Do you recommend purchasing a rental property before owning a primary resident home? Smart or bad idea
Comment from : @aaronsierra5067

do a vid on first investment properties for a new person who has only a 300 dollar monthly bill
Comment from : @clos19851

What kind of coffee u drink tach
Comment from : @mickelion6198

Getting all my credit cards paid off went up 67 points yesterday or so still waiting on another card to report I got a loan paid that off with same company opening bigger loan I have a car payment Now i pay pay pay and ill be there But i have to save down payment Time is the killer aint it
Comment from : @ryane1606

This video is very helpful Thank you, Thach!
Comment from : @yummivity2535

Dang, I remember watching this video in June 2023 Bought my first rental and started putting it to work in Aug 2023 Renters have paid my mortgage every single month to this day Everything they are saying is true
Comment from : @JaceTheReaper

This is such great advice! Please keep the videos coming
Comment from : @mackenzieemh

👍🏼
Comment from : @yosoytercio245

Thank you for this really helped understand the process
Comment from : @Inspire_andrew

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys
Comment from : @mikey43221

Please Make a video on how you deal with tenants who refuse to pay and squatters that take over your vacant properties and the eviction process I used to rent my basement apartment out to people and single rooms upstairs to college kids I couldn't stand crappy people anymore and stopped renting and sold that property Crappy tenants have scared me off of buying a rental I'd like to hear about how you get a 100 million and deal with bad people Thanks
Comment from : @matthewmarler9719

Buying at a high interest rate now and hoping it comes down in the future is fine, but just make sure you are comfortable always paying that higher payment just in case rates don't come down like you had hoped
Comment from : @sliceofpay

Great info Thach!
Comment from : @jasonjosephlee

I'm 23 years old I own an event space now, but I'd like to get into something that will increase my fortune and that of my family and future generations My credit score is good, but should I start with an investment property or my personal residence? In any case, I'm thinking of submitting an FHA loan application I do want to start investing in real estate in the future; I don't want to wait to do so until I'm older or my credit gets better Please helpppppp lol 🙏🏽
Comment from : @Realladyboss

Great thinking on this video
Comment from : @waterfoker8558

im going to buy my first property this yr, really enjoying all the great content, thanks!
Comment from : @MrTomb1976

What if i dont own a home for myself, want to buy an investment property, but dont have 25 down, how can i get the 25 down to the 5 and below like the FHA?
Comment from : @cjcj

At 20 yrs old I have a 728 credit score just from using good methods and being smart if I can do so can you I’m positive
Comment from : @jaxxtenmarkko8489

Who tf is buying a 500k house for thier first home 😂
Comment from : @werbinvargas4713

Interest rate will drop, houses prices will go up, but due to insane inflation people will not be buying houses as "theories" anticipate, ppl are spread thin, salaries are not keeping up with inflation and housing prices
Comment from : @ia6980

Lol TY for all the info U are hilarious in your presentation btw Keeps me watching 😂
Comment from : @lenaheart8103

THES GUYS NEED A REALITY CHECK
Comment from : @jessebenitez9954

I got 3 properties in 4 months My goal is 100 by the end of this year
Comment from : @YungSwagg

is this strategy applicable in other countries?
Comment from : @maynardpaye

very informative! unlike some other real estate influencers, you provide detailed information and insight on your channels keep it up!
Comment from : @LaurenRodriguezKritzer

128 rentals,25k a month So about 195 dollars a month per rental unit That’s crazy So I gotta clear 10 rentals just to be 2k a month in profit Wild
Comment from : @VAGR4NT-

Great video
Comment from : @theRetainer

It is smart to get a second loan on your main house, to buy another property
Comment from : @richardguevara5109

Already end of the year and no reduction in interest rate Also no chance of interest rate reduction early next year
Comment from : @dhavalprajapati21

Can you give examples with the average US income or low income instead of such high numbers?
Comment from : @kelsybobelsy

Thanks for the video! I am currently 26 I bought my first house at 24 and I just bought another property this month I created an LLC and will be doing short term rentals on my old property My plan is to retire at 30 Real estate is TRUE WEALTH!!
Comment from : @Rapidrepeater77

128 units only making $25,000 a month something don’t seem right
Comment from : @hvacguy11

First time running into your channel, great video! As a realtor/investor this was some great info 👍
Comment from : @TheGalvestontx

Thanks for the info
Comment from : @delontamcclain4571

Thanks for the video as always gold information
Comment from : @jorgegramatges6449

Good information Thanks
Comment from : @morrionperryman8708

bSo lets say, the rent is $1,000,00000 and it leaves you $2500000 a month, that's 0025 gravy/bbrbI think it's attractive only if you have a huge investment that yields a huge rent - otherwise, if you look at it, you are getting only 03 of the annual rent/b
Comment from : @khaleefax9553

“Passive”
Comment from : @matthewevans8469

I'm a single, 43-year-old father who resides in Hamburg If everything continues to go well for me, I intend to retire at age 50 I couldn't be happier right now than I am that I just bought my first house last month I'm so happy that I made wise choices that altered my life forever
Comment from : @Raymondjohn2

So insightful Thank you guys ❤
Comment from : @Kylerealty

am from Ethiopia I have a mortgage of 15 million birr and now after 4 years my house market value is 55 million birr Now my mortgage maximum limit is 3 million What i have to do to increase my portfolio?
Comment from : @KeransoKasahun

Capital One, That's the one that help me out building my credit, even thought I just have an ITIN #
Comment from : @franciscopalma9076

Thanks
Comment from : @Myhandle13

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further Foreclosure becomes likely if they can't afford the house, and selling won't yield profits With anticipated layoffs and rising living costs, many individuals may face this situation
Comment from : @Graceh-t8o

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : @JennyMaxwell-r1y

Great Video, apparently you all have been following the recent development in block chain technology I heard some blockchain companies now have smart contract for mortgages
Comment from : @DukeThomasGeoffery

Sir, pls do tutorial first time rental house financing for us foreigner
Comment from : @wilsentwins

What is up with all the bots in the comments
Comment from : @vour6654

10k a month ? Holy shit lol
Comment from : @Anthony-kz4qc

how old is he
Comment from : @BereketMan-e7b

Would love to hear more about not waiting to refinance I’m in that exact situation Paid cash to renovate but hesitant to do a cash out refi because my current rate is 25, which I doubt we’ll see any time soon, maybe not for another 15 years But now I’m playing the waiting game to rebuild my cash for another investment
Comment from : @ChesterCopperpot767

In my town people make 4k month
Comment from : @TheBerlyn186

this was a great video thank you
Comment from : @whoabrian

Dope as vid Love your content 💯🫡
Comment from : @zoriec1774

Damn Very enlightening I think I'll go ahead and subscribe
Comment from : @mybocks3

I’m living in a multi family unit my land lords plan to sell I would like to buy the whole property I need help
Comment from : @bizhanestrada4749

You buy a rental property or home first is my dilemma
Comment from : @Dom_2444

Was that a paid advertisement?
Comment from : @JonOfstead

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5 this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
Comment from : @hersdera

Great stuff
Comment from : @HereToAnnoyYou

This real estate investment culture has ruined society's general living needs An unfortunate time we live in
Comment from : @JR_55591

Great video!
Comment from : @carlosruiz4128

Retard vid
Comment from : @kellysooth602

Great Video, gaining wealth and making financial investing is something I believe everyone should put interest in because it really pays I previously had doubts about investing in stocks and trading but my husband and I are now making huge profits from my investment since I’ve been trading with Mildred Lopez, her trading strategies are very exceptional
Comment from : @AllayaDanielofor

That was a great video thatch, thanks! As a realtor myself, it’s a bit harder for us to get financing as you know Would you recommend Hard Money loans to get started?
Comment from : @gotmikedaniels

I don't want to be to negative but the Income of 9k/month it not easy to come up with I'm work as analysis in the lab and still can't get that income 😫
Comment from : @nhuttruong4197

Great video Thach!
Comment from : @RealEstateWithGaryWilson

This mortgage agent has no sense of what the real rates are right now Going FHA on a $500k house is next to impossible due to price capsbrbrThe real price of your loan buying a $500k house with 35 down (no matching grants) is going to be dependent on the property tax rate on the assessed value of the home, with a homeowners insurance policy rolled in AND PMI Your net all in total is going to be like $4050 if you can secure a 725 ratebrbrTaking in a 2X DTI is absurd Modern advice is 35 post tax, so to afford that 500k house at 35, you should be bringing in $6225 monthlybrbrIf you got that, go for it but realize that you would be better off buying a cheaper house and paying it down faster or taking the differential and using it to buy your first concurrent investment property
Comment from : @justinkarnes3276

I wish that a $800k rental property can generate $6000/ month
Comment from : @tinly1

How are you even gonna make that kind of income to get started br98 Jobs don’t pay that kind of money…
Comment from : @NicolesMinnesotaOrganics

I bought my first home for 18k when i was 20 years old back in 2010 I still own it and i just rent it out my parents gave me good advice at the time and i listened
Comment from : @jiovanyalmanza1269