From 18 - 22 years old, he was learning about how to make these deals happen. Makes me rethink how so many people spend their college years "learning" compared to the applied learning Cody did seeking out mentors, meeting folks to build relationships. Really impressed with the growth mindset he embraced.
College was the biggest waste of time and money of my life....the best thing about it was the Network created. Only 1 out 9 of us is using her degree. And this is the norm!!!Broke people teaching you how to be like them... Coaching is 1000% more valuable than college, the ROI alone, the time, results cannot even compared!
@@kimberlyurgilez365 Depends what you went to college for also, I know people who majored in journalism and communications who have good jobs. So no college is not a waste a degree isn’t a guarantee at all. Networking is a lot of it. Working crap job and moving up.
@@alp.9672 You are making my point. College is teaching lifestyle servitude ( the modern slavery) They teach enough you to make you go on the hamster wheel happy, the debt, the indoctrination, the keep your head down, scarcity mentality. They purposely do not teach finances and the medicine field is 150 yrs behind science on purpose bcuz treating is the motto of medicine not curing, it's part of their oath. The only way to be free is to do not plug in... To be a journalist today unless you go independent you have to sell you soul to big pharma that owns all the channels, like the people that get vax to keep their jobs. People give up their freedoms, for the illusion of security. Most people spend decades jumping from one degree to the other. So much debt. 90% quit. So many degrees taught there are not existing jobs for those fields anymore. The political agendas of the colleges. The brainwashing of the kids. So much time and life wasted and some feel they failed w/o realizing that's the point of the system.. I would be devastated if My kids wanted to go college, honestly..
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@Craig Daniels yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@@tatianastarcic True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Rent never goes down. So in that perspective buyer demand is irrelevant. Buy to rent, not to own. It's an asset you can always sell. Stop having a short sighted picture.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Sure, the Financial advisor that guides me is *Camille Alicia Garcia* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
Met Cody as a 52 year old real estate newbie and it changed everything for me. I’ve gone from being halfway through my third flip to partnering with Cody and currently owning or partnering on 40 doors. I’ve never met anybody so focused and driven to accomplishing their goals.
Man, that’s so cool. I was in the recent bigger pockets Boot Camp and my instructor Dion spoke very highly of Cody. I’m out here in the Tri-Cities and pretty sure he just bought something over here. Great episode, glad I tuned in.
Seeing your success at 21 is very inspiring, its amazing to see how you are already ahead of 99% of people simply because you focused on financial freedom instead of other things.
I definitely salute him on his success but he definitely got blessed. 99% of the time when someone needs funding there is a minimum credit score, track record, or collateral needed. Unless you have a rich friend or something to just front it. That is very rare, especially for a small apartment complex. You are a blessed man.
2-4 apartments- you can get an FHA loan with only 3% down. You just live in one and rent out the other(s). The best part is you can claim 75% of the expected rental income for the property as your income to help qualify for a larger loan. If you have a four unit complex that rents $1,000 per unit. Live in one. The other three gross $3,000. You can claim 75% on FHA loan which is $2,250 a month towards qualifying towards your loan. You can live rent/mortgage free and maybe put a little extra coin in your pocket all while building wealth. Sure you need some up front capital but it's not as hard as people think.
@@mikebevan1034 Yes but qualifying for an FHA loan is not as easy as everyone makes it out to seem. You need great credit, a good income, and a long job history
@@evanspiteri3576 You need two years of decent job history verified through W2. If you're fresh out of college and just landed a job, your college time counts as job history and your band new salary can be enough to qualify. Credit wise you just have to be in the 600s.Don't live above your means and good credit will come. Work some extra hours to earn some extra money. Trust me. I've been there. Just purchased my first duplex this month actually. You can do it too.
@@mikebevan1034 agreed this is a great way to start unless you got a great deals with a lot of equity knowledge investors out there like myself finance could 100% for a flip. I did it with my mentee Eric Mhoon and we split 50/50
Closing my first multi family deal tomorrow... Scared shitless but i've done the research and ready to start my journey! SO much info in this episode. You gained a new subscriber today.
This is one of the best REAL real estate podcasts I have watched. And trust me I have watched many! Great job on the host and co-host, very very well done. And Cody, you hit it out of the park with all the great answers and advice you have given. Well done.
Congrats to any individuals that achieve a lot of success in the NFL, MLB, real estate , seller financing, etc… Congrats if you achieve it by age 18, 21, etc………….. 👍🏾👍🏾👍🏾👍🏾 I am not aspired by the fantasy “rag to riches” …..Focus on my own “individual life growth”…
I’m a long time investor and appreciated the gems from this interview. This kid is wise beyond his years. Good synergy from the three of you guys as well!
Not every single one Yolanda, but there is a lot of truth in it. I've been in the business for 22 years and when they ask me that, I say it depends on YOU and I walk them through it. If they have job stability, it's a long term play, and it's comfortable financially, then perhaps yes. If not, I will advise that maybe they should wait or rent.
@@marianparker7502 As buyers, we should boycott and stay away from properties that owns by investors, flippers, Zillow, Redfin, opendoor, blackrock, and many of them inflated this housing market. We should all ignore the housing market in the next year and send a message to those bastards!
@@Robertgriffinne The inflated housing market was created by regulation. People have clamored for regulation to "protect their investment" for decades now. This is the effect. You have two choices. Demand deregulation, or live with it!
@@PhilipMurray251 I watched a video yesterday about this in California and how houses are so expensive there because of supply and demand and how regulations are what stopping the construction of new and more homes...
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
Very insightful interview. Cody is wise beyond his age and more so being an acrobat person explains why he’s not afraid to take risks. Such a brilliant young man.
I got my MBA from a Top 20 Program and this kid is smarter than 95% of those students. The point about 12% interest is spot on regarding opportunity cost and is actually quite reasonable when you consider there is no equity in the deal! Cody's strategy might not be for everyone if there is a decline or extensive repairs (three HVAC condensers go out), he does not have much buffer. Then again, every month that goes by, he builds some cash flow and is accreting real equity every day / night!
your spelling really speaks to that ''Top 20 MBA program''..the way u were able to judge the kids' iq being higher than the MBA students is a skill too..
This guy's cody has a lot of maturities as compared to his age, as I'm 20 now and my head is exploding after listening to this podcast that I have to foot down on the battlefield NOW! As a person with same age, he got millions of dollars of real estate under contract (not jealous, just a drive to push me)
@@naureenkhashwji8039 I need one, all these online guru's waste your time watching hours of video to suck you dry with theirs crazy high fees, why not just take a cut of your deals?? Makes no sense.
I've learned more from this episode than the realestate courses I took eons ago. Literally the books are on my shelf collecting dust. . Thank you for the rekindled spark of interest.
Love, love love Henry as a cohost!!! His original episode is the only episode I have watched 4 times !!!! Love his laugh and he didn’t just sit there as a fly on the wall without valuable insight!! Henry brings it! Loved everything about Cody and wow he’s a great son and inspiration!!!
OMG, this is so inspiring man. Great job to the new host and co host, I just recently got into investing and I always found myself on bigger pockets podcasts. Listened in on in when David took the reigns and Brandon going on to bigger pastures. I think this is your first guest and let me just say this was an awesome start!! I am in ahh on your focus Cody, wished when I turned 19 focused on the bigger picture rather than focusing on how long it would take to get to a legal drinking age!! Better late than never I say, your story and approach is amazing especially because I am an extrovert and love building relationships but never to have thought to execute "talking shop" with a multi unit owner vs "hey im an investor want to sell". You are definitely living proof that you dont need money in order to invest, you just have to want it bad enough that you'll find creative ways in order to get the funding that is needed to get the deal. Hats off to you! Great job to host and co host, looking forward to more shows like this. Now ill "smash" the like and subscribe!
Love it! This was so encouraging and motivational. As driven as I am, I was beginning to worry due to inflation, house rates doubling and the lack of inventory. I've always had a passion to buy back the block; make neighborhoods better and keep the community culture alive. You guys said "DON'T SEE OBSTACLES AS A MEANS TO STOP; BUT as a means to grow and a way to find a way around them! " This was very informative and helpful. Where there's a will, there's a way. Thanks for the encouragement.
So many people have such a short attention span because of tiktok and other similar platforms. I'm so glad I took the time to watch this whole video! It was so valuable and I love the story and the message that you brought to light! Thank you for sharing!
Very impressive, I’m very surprised by the number of negative comments on this episode. If you don’t catch the free lessons from this episode then you’re listening to criticize. Congrats on your success and thanks for a great episode. There’s so many golden nuggets in here. Why can’t we be happy and celebrate other people’s success and find motivation in their success?
I am 35 years old I've been investing for the last 9 years I'd like to think I'm fairly savvy although I know there's still plenty I'm unaware of I'm 8 minutes and 20 seconds into this video with this 21-year-old kid and I just learned something already. Thank you!
Wow, this episode of the Bigger Pockets podcast with Cody Davis is really inspiring! I completely agree with David's point about sticking to your goals and not justifying buying something off-brand because it worked for someone else. Your story is worth more than any asset you could buy. Cody's success at such a young age is truly remarkable, and I love his approach to life and business. His commitment to only buying deals that support him and his mom once they're paid off is really admirable. And the concept of relationship marketing that Henry mentioned is definitely something I want to learn more about. Thanks for sharing this awesome episode!
Thankyou so much for all this info !! This helps so much! I have been a contractor since I’ve been 18 have done basically everything interior wise I’m going to use what you did and build my empire. I am unable to buy a house currently I have a great job, but I am unable to get a loan because I’m 25 so thank you so much. This is definitely awesome!
Congratulations to Cody. I am so proud to see someone able to success it in real estate. I had mentor and coach many people until multi-million. My nephew 18 when he start after 10 years he got over 10 and other retire from owning over 45 properties now
I’m also 21 years old & I’ve been working doing Multifamily doing Due Diligence since 19 after I graduated so I totally get where you’re coming from. I’ve invested as a passive investor in 1 deal in Houston w/ my mentor but looking into owning or partnering & buying a complex myself. I definitely recommend anyone looking into getting into realestate as soon they can. Watch this meeting SO much valuable information! I love how our generation is being more exposed to the multi-family space. Congrats Cody for all the things you’ve accomplished so far & can’t wait to hear more.
I’m in Houston too, do you mind sharing any insights? I’m thinking about getting a condo with my new corporation, I got a good amount for a down payment
I'm impressed by the young man, so focused at such a young age. I'm pretty sure life circumstances within his family keep him this driven, but I love it. I learned some good information from listening to him.
To all of you doubters/haters in the comments. I spoke with Cody and he is wise and mature beyond his years, extremely knowledgeable and it didn’t take long at all to see why he has had the success that he has at such a young age! His genuine care for others really shines through. So to all the haters mind your own business!! If you want to have his level of success you first need to learn to genuinely care about others as much as he does. Cody is succeeding and he is doing it the right way!!
This is a treasure David! Thank you David and Henry for bringing this young man on. He is a phenomenal Being! The knowledge he possesses is awesome and his reason for doing this is so heart felt!
Amazing podcast...I am 62..just attempting to get my 1st deal..So wish I would have had the knowledge and drive at 18 years old..Heck I think I was still struggling with how to tie my shoes...I LOVE the BP podcasts...They excite me!!
Do it my friend !!! Am 48 and the deal is done ! Am about to get my deal soon ! Strategies and systems in place !! The key is having the sense of urgency and just do the deal ! I did a Comertial deal a few years ago ! No experience, crashed and burned ! But I learned !! Now 6 years later the war is on :) good luck !!! I did subscribe to your channel !!! Let’s go !!!!! :)
Go for it. I start at 24 and I end up become a real estate agent to help other and help myself. I know no one out there could help me at 1am or 3am if I can not sleep and looking for deals in MLS. Never to late to start if you got deal and need partner or quick private loan maybe I could help
@@unbreakablerogue well the market will be ripe for the picking, so I say wait to buy because everything will be for sale soon. I told my friends this doing the crash of 2008. They didn't listen, they lost their shirts, I sold before the crash and cleaned up after the crash. Sadly we're in a recession weather it's being called that or not and the housing market is headed for a crash.
Wow this is so inspiring. I am 22 and currently in school to get my real estate license. I currently work at a photo studio and make about $14 an hour, and honestly I didn’t think it was possible at all to ever get into Real estate unless I had a huge amount of money saved. I guess my fear has been holding me back, shout out to this dude for his bravery and tenacity I’m going to work to get my first property this year
Great podcast!! Love how Cody would circle back to his values and goals to guide the decisions he was making with his business and partners. Also, Henry killed it as co-host of the podcast!
@@Multifamilystrategy Cody, as it relates to the private financing terms you like to set up for the down payments you mentioned on this podcast, do you mind sharing the specific loan terms which are structured for you and the investors and which you pay on before you cash them out after the rents are raised? P.S. I just subbed yourtube channel and I'll make sure to share it around in some groups to which I belong.
His hustle is great!!!! I love his “can do “ story. I started wholesaling 5 yrs ago with $0, After being released from my 13th yr in Federal Prison. 50 deals and millions in transactions later now thanks to Bigger Pockets and You tube University!!! If I can do it anybody can.👍🏽💯
21:25 I truly believe this!!! I'm 16 and I reached out to a property developer not too far from where I live and she Fell in love with the idea of being a part of my journey so much so that she let me rent out her caravan and guided me through the process of advertising it writing up a lease and so forth I'm currently 1 month into our 12 month lease and am super blessed to have the opportunity to work with a developer who isn't in it for the money ( i keep 100% of the weekly rent which is 150 )
Great content. Very inspiring. You are doing a great job; what shines brightest is your heart. I wish you nothing by but success in all your endeavors.
Awesome interview! I really enjoyed this one because I had to use owner financing to get my own home and I'm having to use non-traditional financing to buy deals in the near future as well. Really awesome to see someone around my age succeeding in real estate, sometimes it gets lonely being on a different path at 23 😅
Question: how is investing in real estate helping anyone but the landlord? Isn't there such tough competition for first-time home buyers to get into real estate precisely *because* of investors who keep eating up all the properties? Genuinely want to understand how people think this is anything but selfish greed.
This is such a beautiful example, so watch and learn kids...in the end it all about education. He learnt so much from working as an agent, and from beeing around agents. You become who you hang around with. Not just what you study in school, or watch on CZcams, but real action.
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance
Same here, I made $12,400 profits on investing since I started trading with Mrs Alice foster his trading strategies are too notch am winning consistently trading with Mrs Alice foster . He is really the best broker I've made a lot of profit investing with her
Cody's humanity infused response in this rapid fire segment is exactly what every, single industry needs...caring for people genuinely is what makes the difference and will contribute greatly to your level of success. Cody is SUPER WISE, GOD BLESS HIM 🙌 🙏.
Those first 30secs resonated with me so hard cause anything i've done other people's way doesn't work out for me but when I do it my way, even if it takes longer, in the beginning, I get better results than my competition
Thank you guys so much. First time on this channel and can't even describe the doors that just opened in my mind. Lately I have been focusing on asking myself the right questions and this guest just helped point me in the right direction. Super grateful!
Cody - Awesome to see you take action and make so much progress quickly. Washington is a crazy market and your strategy shows that even the most difficult markets can work. I currently work in Moses Lake and I wanted to buy property here, but I can’t because of my contract with my employer. I was excited to hear you call out Moses Lake when I was watching the video. A lot of potential here. I ended up purchasing out of state. Just purchased a single family and short term rental in Florida. Keep the integrity in what you do because it surely fuels what you have going!
@@Multifamilystrategy If I wasn’t getting over COVID I would have love to meet today. Let’s try to meet up on your next visit to Moses Lake. I’m going to be here for work for a while so we have more opportunities if that works for you? Sorry I couldn’t make today work. Not worth getting you sick!
Wow! Cody, You’re heart is in the right place. Good to know that you’re doing do these because it is not only for yourself, family and also for other people… God bless you more… keep inspiring and encouraging others….
Wow this is cool to see someone this young on a path to success hes doing it like no other great strategies hes using this is a amazing story and great tips your a real estate rock star keep it up i wish you the best of success
Millionaire like Warren buffet and Bill gates, never made it depending on paycheck neither were they salary owners. I think investing should be on every wise one’s list and currently all of it is online. In a month or two you’d be ecstatic about the decision you’ve made
Just subscribed...I randomly ran into your channel and thank God for that. I am a veteran who wants to invest using my VA loan. Great to see such a young man like Cody be an example for all ages in living "The American Dream 🇺🇲" #truschoolsports
@@Multifamilystrategy I do. And that's because I was lucky enough to be born near compatible opportunities. I would need to be even luckier to find opportunities to become a good surfer if I grew up far from the ocean, for example. I wanted to go into technology and grew up in east coast cities where I could easily achieve that. That's luck. It's fine to acknowledge this. It's not an insult. Just being able to "put yourself in a place where you can recognize opportunities" is a matter of luck. I'm assuming you're referring strictly to legal opportunities because there were plenty otherwise where I'm was born, on second thought.
damn i really wanted to watch this and was so ready to hate on him for having rich parents funding the deal or something but this mans hustled and made it happen! congrats
This is awesome, but we can't overlook the fact that he essentially had an agent completely expose him to this way of making a living and taught him the process. That's not normal at all, most people are only looking out for themselves and people do not willingly teach each other for free anymore. At his age this is definitely impressive, but he was surrounded by people with knowledge and willingness to help and it paid off big time (he even had a mentor, again VERY RARE). For 99% of people out there, don't let this video discourage you. Let it encourage you to keep dreaming and pursuing financial freedom regardless of your age or current situation in life.
Yes he definitely has help even his mother let him continue to live rent free and bill free at the age of 19. But everything he's learned is still applicable to anyone. It might be hard and then you'll think of Cody and how he did all of this in two years at an age must people are still in school and think it's not for you but you have to remember your starting further back then he did so it will take more time
I would like to see the details on that deal because I guarantee he isn't cash flowing a cent if he had to ask investors for the majority of 10% of the equity. So what does he have 1%? 2%? Highly unlikely he would even cash flow positive if he had 10% equity HIMSELF. I've been doing this for a while...doesn't make sense. For anyone reading this...don't get your hopes up.
@@shaquileoatmeal7365 I did the math in my head too and it doesn't quite add up. One things for sure, with the fees and interest he's currently paying and knowing that if he's bought the properties in the current market we're in the moment a slight downturn in the market happens which is very likely in the next 1-2 years he'll be under water in an instant. High risk, high reward is why not many investors do what he's doing because that reward can quickly turn into devastation.
People get so hung up on little things that are not permanent and not that important. I’ve always said “if the numbers work, then who cares about the rest”. Like with his story, if you’re positive cash flow $1000/month, then why does the interest matter?
$1000/mo return is nothing on a million dollar 12 unit property. Please tell me he has maintenance and prop management built into his expenses. If not, this kid is basically the property manager but is also paying for all the maintenance too. He’s only making $83/mo per unit!!!
Next virus that comes along , shut downs, rents delayed.....how's that going to work out? Financial lender will like his check on time no matter what. Risk of this property going back to seller is extreme
Dave's kinda like a cross between Bruce Willis and Brad Pitt. Where have i been to miss you guys?! Such a great convo and great, relevant questions that the audience is asking. Henry and Dave a match made in heaven. Cody should be running America. thx 4 the interview boys.
Over Thirty Duplexes went up in Rochester NY in last three years with over ten unit's mostly in city. Sadly some of these Properties ben sitting for year's and folks in community just let them go while investor's comes in renovate and know making huge profits 📈.
Bring Nasar (real estate Doru) back. This co-host is terrible, doesn't provide any insight to the deal analyze. Just agree with EVERYTHING, only Dave is asking the tough questions.
From 18 - 22 years old, he was learning about how to make these deals happen. Makes me rethink how so many people spend their college years "learning" compared to the applied learning Cody did seeking out mentors, meeting folks to build relationships. Really impressed with the growth mindset he embraced.
Well everyone can’t be a landlord parasite, makes no sense in many many ways.
Most colleges teach students how to be activists. Not all, but most $100k educations are worthless.
College was the biggest waste of time and money of my life....the best thing about it was the Network created. Only 1 out 9 of us is using her degree. And this is the norm!!!Broke people teaching you how to be like them... Coaching is 1000% more valuable than college, the ROI alone, the time, results cannot even compared!
@@kimberlyurgilez365 Depends what you went to college for also, I know people who majored in journalism and communications who have good jobs. So no college is not a waste a degree isn’t a guarantee at all. Networking is a lot of it. Working crap job and moving up.
@@alp.9672 You are making my point. College is teaching lifestyle servitude ( the modern slavery)
They teach enough you to make you go on the hamster wheel happy, the debt, the indoctrination, the keep your head down, scarcity mentality. They purposely do not teach finances and the medicine field is 150 yrs behind science on purpose bcuz treating is the motto of medicine not curing, it's part of their oath. The only way to be free is to do not plug in... To be a journalist today unless you go independent you have to sell you soul to big pharma that owns all the channels, like the people that get vax to keep their jobs. People give up their freedoms, for the illusion of security. Most people spend decades jumping from one degree to the other. So much debt. 90% quit. So many degrees taught there are not existing jobs for those fields anymore. The political agendas of the colleges. The brainwashing of the kids. So much time and life wasted and some feel they failed w/o realizing that's the point of the system.. I would be devastated if My kids wanted to go college, honestly..
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@Craig Daniels yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@@tatianastarcic True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Rent never goes down. So in that perspective buyer demand is irrelevant. Buy to rent, not to own. It's an asset you can always sell. Stop having a short sighted picture.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Sure, the Financial advisor that guides me is *Camille Alicia Garcia* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
Met Cody as a 52 year old real estate newbie and it changed everything for me. I’ve gone from being halfway through my third flip to partnering with Cody and currently owning or partnering on 40 doors. I’ve never met anybody so focused and driven to accomplishing their goals.
Man, that’s so cool. I was in the recent bigger pockets Boot Camp and my instructor Dion spoke very highly of Cody. I’m out here in the Tri-Cities and pretty sure he just bought something over here. Great episode, glad I tuned in.
So impressed
@@Multifamilystrategy
How can I communicate ith u Cody
Great on you Paul for being the change you want to see in the world!
@@Multifamilystrategy Please, teach me Sensei 🙏🏽 viewing from the NW!
Thanks,
Seeing your success at 21 is very inspiring, its amazing to see how you are already ahead of 99% of people simply because you focused on financial freedom instead of other things.
Thanks
So true!
I definitely salute him on his success but he definitely got blessed. 99% of the time when someone needs funding there is a minimum credit score, track record, or collateral needed. Unless you have a rich friend or something to just front it. That is very rare, especially for a small apartment complex. You are a blessed man.
2-4 apartments- you can get an FHA loan with only 3% down. You just live in one and rent out the other(s). The best part is you can claim 75% of the expected rental income for the property as your income to help qualify for a larger loan.
If you have a four unit complex that rents $1,000 per unit. Live in one. The other three gross $3,000. You can claim 75% on FHA loan which is $2,250 a month towards qualifying towards your loan. You can live rent/mortgage free and maybe put a little extra coin in your pocket all while building wealth.
Sure you need some up front capital but it's not as hard as people think.
@@mikebevan1034 Yes but qualifying for an FHA loan is not as easy as everyone makes it out to seem. You need great credit, a good income, and a long job history
@@evanspiteri3576 You need two years of decent job history verified through W2. If you're fresh out of college and just landed a job, your college time counts as job history and your band new salary can be enough to qualify.
Credit wise you just have to be in the 600s.Don't live above your means and good credit will come.
Work some extra hours to earn some extra money. Trust me. I've been there. Just purchased my first duplex this month actually. You can do it too.
@@mikebevan1034 agreed this is a great way to start unless you got a great deals with a lot of equity knowledge investors out there like myself finance could 100% for a flip. I did it with my mentee Eric Mhoon and we split 50/50
He is definitely blessed because he didn't do it because of greed it was his family that motivated him.
Closing my first multi family deal tomorrow... Scared shitless but i've done the research and ready to start my journey! SO much info in this episode. You gained a new subscriber today.
How did it go bro
This is great. Starting so young is impressive. I'm not starting early but better now than never!!!
Haha yup. I am starting 15 years after this kid.
This is one of the best REAL real estate podcasts I have watched. And trust me I have watched many! Great job on the host and co-host, very very well done. And Cody, you hit it out of the park with all the great answers and advice you have given. Well done.
Which ones have you watched?
Congrats to any individuals that achieve a lot of success in the NFL, MLB, real estate , seller financing, etc… Congrats if you achieve it by age 18, 21, etc………….. 👍🏾👍🏾👍🏾👍🏾
I am not aspired by the fantasy “rag to riches” …..Focus on my own “individual life growth”…
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
I’m a long time investor and appreciated the gems from this interview. This kid is wise beyond his years. Good synergy from the three of you guys as well!
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
T
Just had Cody on my podcast. He’s 24 now and owns over 200 units. Age ain’t nothing but a number! This kid continues to crush it!
😎
Asking a real estate broker if it’s time to buy is like asking an alcoholic it was time for a drink.
Not every single one Yolanda, but there is a lot of truth in it. I've been in the business for 22 years and when they ask me that, I say it depends on YOU and I walk them through it. If they have job stability, it's a long term play, and it's comfortable financially, then perhaps yes. If not, I will advise that maybe they should wait or rent.
@@marianparker7502
As buyers, we should boycott and stay away from properties that owns by investors, flippers, Zillow, Redfin, opendoor, blackrock, and many of them inflated this housing market. We should all ignore the housing market in the next year and send a message to those bastards!
@@Robertgriffinne The inflated housing market was created by regulation. People have clamored for regulation to "protect their investment" for decades now. This is the effect. You have two choices. Demand deregulation, or live with it!
So true. The agent needs your commission
@@PhilipMurray251 I watched a video yesterday about this in California and how houses are so expensive there because of supply and demand and how regulations are what stopping the construction of new and more homes...
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
This is crazy cool. Just recently turned 19 and planned to get my first small multi family next year, but Cody’s inspired me to try for this year.
@@Multifamilystrategy way to go dude.
@@Multifamilystrategy how do you do that?
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
That young man has a lot of integrity in doing business and it's really refreshing to see. Great interview.
Cody is full of wisdom, truth & transparency probably why he is so successful sticking to his personal values and great character
When you invest you're buying a day you don't have to work
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Most people venture into investments to be a millionaire meanwhile I just want to be debt Free
I'm new to Bitcoin trading, how do I get started with the help of a professional?
Any specific guide?
@Anderson Sarah thank you, I will write her immediately
Very insightful interview. Cody is wise beyond his age and more so being an acrobat person explains why he’s not afraid to take risks. Such a brilliant young man.
Thank you
Cody is to wise for his years. Totally amazing kid. What I like most about him is that he cares about people, not just profits.
Thank you😊
I got my MBA from a Top 20 Program and this kid is smarter than 95% of those students. The point about 12% interest is spot on regarding opportunity cost and is actually quite reasonable when you consider there is no equity in the deal! Cody's strategy might not be for everyone if there is a decline or extensive repairs (three HVAC condensers go out), he does not have much buffer. Then again, every month that goes by, he builds some cash flow and is accreting real equity every day / night!
your spelling really speaks to that ''Top 20 MBA program''..the way u were able to judge the kids' iq being higher than the MBA students is a skill too..
@@raphaelverde4571 Kid will be able to retire after 28 if he wants!
This guy's cody has a lot of maturities as compared to his age, as I'm 20 now and my head is exploding after listening to this podcast that I have to foot down on the battlefield NOW! As a person with same age, he got millions of dollars of real estate under contract (not jealous, just a drive to push me)
Thank you Harry!
So glad I can call this guy my mentor 🙏🏽 Cody deserves all of this recognition. True inspiration
Ikr! Great seeing him on bigger pockets 😆
How do we find a mentor?
@@naureenkhashwji8039 I need one, all these online guru's waste your time watching hours of video to suck you dry with theirs crazy high fees, why not just take a cut of your deals?? Makes no sense.
Everyone let’s take a moment to welcome the new permanent host Henry!
I've learned more from this episode than the realestate courses I took eons ago. Literally the books are on my shelf collecting dust.
.
Thank you for the rekindled spark of interest.
Thanks!
Mature far beyond his years! Communities need people like Cody!
Love, love love Henry as a cohost!!! His original episode is the only episode I have watched 4 times !!!! Love his laugh and he didn’t just sit there as a fly on the wall without valuable insight!! Henry brings it! Loved everything about Cody and wow he’s a great son and inspiration!!!
OMG, this is so inspiring man. Great job to the new host and co host, I just recently got into investing and I always found myself on bigger pockets podcasts. Listened in on in when David took the reigns and Brandon going on to bigger pastures. I think this is your first guest and let me just say this was an awesome start!! I am in ahh on your focus Cody, wished when I turned 19 focused on the bigger picture rather than focusing on how long it would take to get to a legal drinking age!! Better late than never I say, your story and approach is amazing especially because I am an extrovert and love building relationships but never to have thought to execute "talking shop" with a multi unit owner vs "hey im an investor want to sell". You are definitely living proof that you dont need money in order to invest, you just have to want it bad enough that you'll find creative ways in order to get the funding that is needed to get the deal. Hats off to you! Great job to host and co host, looking forward to more shows like this. Now ill "smash" the like and subscribe!
Okay
Love it! This was so encouraging and motivational. As driven as I am, I was beginning to worry due to inflation, house rates doubling and the lack of inventory. I've always had a passion to buy back the block; make neighborhoods better and keep the community culture alive. You guys said "DON'T SEE OBSTACLES AS A MEANS TO STOP; BUT as a means to grow and a way to find a way around them! " This was very informative and helpful. Where there's a will, there's a way. Thanks for the encouragement.
Thanks for watching
So many people have such a short attention span because of tiktok and other similar platforms. I'm so glad I took the time to watch this whole video! It was so valuable and I love the story and the message that you brought to light! Thank you for sharing!
Thank you!
This kid is so wise- really is in and does things for the right reasons.
Very impressive, I’m very surprised by the number of negative comments on this episode. If you don’t catch the free lessons from this episode then you’re listening to criticize. Congrats on your success and thanks for a great episode. There’s so many golden nuggets in here. Why can’t we be happy and celebrate other people’s success and find motivation in their success?
Because it's BS. It's not true.
I am 35 years old I've been investing for the last 9 years I'd like to think I'm fairly savvy although I know there's still plenty I'm unaware of I'm 8 minutes and 20 seconds into this video with this 21-year-old kid and I just learned something already. Thank you!
@@Multifamilystrategy thank you
Wow, this episode of the Bigger Pockets podcast with Cody Davis is really inspiring! I completely agree with David's point about sticking to your goals and not justifying buying something off-brand because it worked for someone else. Your story is worth more than any asset you could buy. Cody's success at such a young age is truly remarkable, and I love his approach to life and business. His commitment to only buying deals that support him and his mom once they're paid off is really admirable. And the concept of relationship marketing that Henry mentioned is definitely something I want to learn more about. Thanks for sharing this awesome episode!
Thanks
Such an inspiration. I showed the video to my 10 yr old child. Cody is such an inspiration
Thank you!
Thankyou so much for all this info !! This helps so much! I have been a contractor since I’ve been 18 have done basically everything interior wise I’m going to use what you did and build my empire. I am unable to buy a house currently I have a great job, but I am unable to get a loan because I’m 25 so thank you so much. This is definitely awesome!
Congratulations to Cody. I am so proud to see someone able to success it in real estate. I had mentor and coach many people until multi-million. My nephew 18 when he start after 10 years he got over 10 and other retire from owning over 45 properties now
I’m also 21 years old & I’ve been working doing Multifamily doing Due Diligence since 19 after I graduated so I totally get where you’re coming from. I’ve invested as a passive investor in 1 deal in Houston w/ my mentor but looking into owning or partnering & buying a complex myself.
I definitely recommend anyone looking into getting into realestate as soon they can. Watch this meeting SO much valuable information! I love how our generation is being more exposed to the multi-family space. Congrats Cody for all the things you’ve accomplished so far & can’t wait to hear more.
I’m in Houston too, do you mind sharing any insights? I’m thinking about getting a condo with my new corporation, I got a good amount for a down payment
I'm impressed by the young man, so focused at such a young age. I'm pretty sure life circumstances within his family keep him this driven, but I love it. I learned some good information from listening to him.
To all of you doubters/haters in the comments. I spoke with Cody and he is wise and mature beyond his years, extremely knowledgeable and it didn’t take long at all to see why he has had the success that he has at such a young age! His genuine care for others really shines through. So to all the haters mind your own business!! If you want to have his level of success you first need to learn to genuinely care about others as much as he does. Cody is succeeding and he is doing it the right way!!
This is a treasure David! Thank you David and Henry for bringing this young man on. He is a phenomenal Being! The knowledge he possesses is awesome and his reason for doing this is so heart felt!
This is one of the most informative real estate videos that I've seen. Thanks for sharing this story.
WE WANT MORE HENRY! You two have a great dynamic and his organic reflections rock.
Great video✌️! BTW who knows the easiest ways to make money now, Real estate, Stocks and?.......
(A RESEARCH POOL📌)
Has to be FX-Trading!!! Making a very good weekly passive income through it.
Not a Pro. LoL. I work with "Sandra Yvonne Webster" in all honesty she is an Angel. Do your own research!
Solar sector. Sandra was here in Michigan for a seminar. Great speaker, full of humor and rhetorics too. Lol!
Agriculture
Trading is a big money tree but dangerous if you are inexperienced. This i know.
Amazing podcast...I am 62..just attempting to get my 1st deal..So wish I would have had the knowledge and drive at 18 years old..Heck I think I was still struggling with how to tie my shoes...I LOVE the BP podcasts...They excite me!!
Do it my friend !!! Am 48 and the deal is done ! Am about to get my deal soon ! Strategies and systems in place !! The key is having the sense of urgency and just do the deal ! I did a Comertial deal a few years ago ! No experience, crashed and burned ! But I learned !! Now 6 years later the war is on :) good luck !!! I did subscribe to your channel !!! Let’s go !!!!! :)
Go for it. I start at 24 and I end up become a real estate agent to help other and help myself. I know no one out there could help me at 1am or 3am if I can not sleep and looking for deals in MLS. Never to late to start if you got deal and need partner or quick private loan maybe I could help
62? Whose pic are you using?
@@unbreakablerogue well the market will be ripe for the picking, so I say wait to buy because everything will be for sale soon. I told my friends this doing the crash of 2008. They didn't listen, they lost their shirts, I sold before the crash and cleaned up after the crash. Sadly we're in a recession weather it's being called that or not and the housing market is headed for a crash.
Determination. He kept driving 3 hours one way to build a relationship with a seller. You have to have it. Excellent.
Thanks!
@@Multifamilystrategy Thank you very much.
Rarely listen to long form videos like this, especially podcasts but this one got me hooked throughout! Thanks guys!
Wow this is really inspiring. One of my favorite episodes for sure. And Henry is a great host. I hope to see him on more in the future.
Wow this is so inspiring. I am 22 and currently in school to get my real estate license. I currently work at a photo studio and make about $14 an hour, and honestly I didn’t think it was possible at all to ever get into Real estate unless I had a huge amount of money saved. I guess my fear has been holding me back, shout out to this dude for his bravery and tenacity I’m going to work to get my first property this year
Cool, cant wait to listen to this and do the same.
Aydenreda no jobs here to earn and invest in pakistan🤤
@@awesomevedios3141 the internet
@@aydennreda what work should i do on the internet?
@@awesomevedios3141 Cyber security
I've been in property maintenance for 20+yrs. I have been wanting to get into property ownership for so long. Thanks for all the info y'all give.
Great podcast!! Love how Cody would circle back to his values and goals to guide the decisions he was making with his business and partners. Also, Henry killed it as co-host of the podcast!
Henry is a great co-host! Love his voice and his perspectives.
What a guy cody is!!!!!! Really inspiring he is gonna be very successful best wishes for him. Can’t wait to get started in real estate 🏡
This was honestly super inspirational. My take-away was if you want to do it, DO IT. Wow. Thank you for this video.
This was a fun one. I'm 45. Still good stuff for me, but DEFINITELY something I will share with the younger crop of investors.
@@Multifamilystrategy Cody, as it relates to the private financing terms you like to set up for the down payments you mentioned on this podcast, do you mind sharing the specific loan terms which are structured for you and the investors and which you pay on before you cash them out after the rents are raised? P.S. I just subbed yourtube channel and I'll make sure to share it around in some groups to which I belong.
I am 18 and plan to buy a duplex this year, this show is really gonna help me out. Appreciate it.
Love this Gavin! Make it happen
I’m 19 and about to start my first house hack in the Bay Area, very excited. Also an agent so I’ll be representing myself 😼
have fun with roommates
@@hygrometer duplex? what roommate
I really want ur guidence im 18 how do i become real estate agent??
4 bedroom rent 3 rooms to a fam keep one lolll, all about running numbers and willing to make some sacrifices
that seller finance was great. The terms totally worked in his favor. Awesome work man. Creative financing is one hell of a tool
Thank you!
Excellent story Cody! You have just encouraged me to keep on keeping on in my first rental property! 😀
Keep up the great work BiggerPockets!!!
Thank you!
I love that he's considering his mom in all this.
His hustle is great!!!!
I love his “can do “ story.
I started wholesaling 5 yrs ago with $0,
After being released from my 13th yr in Federal Prison.
50 deals and millions in transactions later now thanks to Bigger Pockets and You tube University!!!
If I can do it anybody can.👍🏽💯
Inspiring story
Just started my business Monday, 5 years myself buddy, stateside, I'm gonna catch you
Kudos to Cody's parents for raising a brilliant young man!! Such an inspiring story!
Thanks!
I loveee this kid!!! Cant wait to see where he is in 20 years!!! Great video guys!!
Thanks!
21:25 I truly believe this!!! I'm 16 and I reached out to a property developer not too far from where I live and she Fell in love with the idea of being a part of my journey so much so that she let me rent out her caravan and guided me through the process of advertising it writing up a lease and so forth I'm currently 1 month into our 12 month lease and am super blessed to have the opportunity to work with a developer who isn't in it for the money ( i keep 100% of the weekly rent which is 150 )
Damn I wish I would’ve started at 21 I’m 29 I turn 30 in march. I invest in stocks already but want to get my first piece of real estate soon. LFG!!
Youre still young man!
@@miguelrodriguez-pe1ss thank you
Let's go baby!!! You got it. Still way young
@@calebmeyer6253 HELL YEAH. Thank you really appreciate it
Make it happen captain!
Really like Henry's energy! He's a great host 🙌🏼
right time and right place too. not going to find too many people who will do a deal like he found with the washington property. good job man
Great content. Very inspiring. You are doing a great job; what shines brightest is your heart. I wish you nothing by but success in all your endeavors.
Cody is a legend! Just interviewed him a few weeks ago
Awesome interview! I really enjoyed this one because I had to use owner financing to get my own home and I'm having to use non-traditional financing to buy deals in the near future as well. Really awesome to see someone around my age succeeding in real estate, sometimes it gets lonely being on a different path at 23 😅
How do you entice sellers to finance you?
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
This was very inspirational and informative, if this doesn't make you want to dive into rental properties, I don't know what will...
Awesome episode, as an 18-year-old boy, this definitely brought value to my perspectives. Thank you so much 🙏
So impressed and proud of you Cody! I honestly didn’t know investing in real- estate at 18-22yr old was possible. Thanks for sharing your experience
I am grateful BP allowed me to come on and share the story!
Question: how is investing in real estate helping anyone but the landlord? Isn't there such tough competition for first-time home buyers to get into real estate precisely *because* of investors who keep eating up all the properties? Genuinely want to understand how people think this is anything but selfish greed.
This is such a beautiful example, so watch and learn kids...in the end it all about education. He learnt so much from working as an agent, and from beeing around agents. You become who you hang around with. Not just what you study in school, or watch on CZcams, but real action.
💪🏻
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance
I'm so happy ☺️ my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days
Same here, I made $12,400 profits on investing since I started trading with Mrs Alice foster his trading strategies are too notch am winning consistently trading with Mrs Alice foster . He is really the best broker I've made a lot of profit investing with her
I heard a lot of investing with Mrs Alice foster and how good she is, please how safe are the profit?
you can contact her via WhatsApp 👇👇
➕♕1♕5♕0♕5♕4♕5♕6♕4♕0♕4♕2
Link up with her and remember to share experiences with others
What an inspiration he is. He has the right value system down.
Cody's humanity infused response in this rapid fire segment is exactly what every, single industry needs...caring for people genuinely is what makes the difference and will contribute greatly to your level of success. Cody is SUPER WISE, GOD BLESS HIM 🙌 🙏.
Thank you!
Those first 30secs resonated with me so hard cause anything i've done other people's way doesn't work out for me but when I do it my way, even if it takes longer, in the beginning, I get better results than my competition
Thank you guys so much. First time on this channel and can't even describe the doors that just opened in my mind. Lately I have been focusing on asking myself the right questions and this guest just helped point me in the right direction. Super grateful!
The guy has some ball. Congrats on the success. I would never invest in WA which very hostile towards landlords.
He's just so polite and humble.
Love this interview 😍😃
Cody - Awesome to see you take action and make so much progress quickly. Washington is a crazy market and your strategy shows that even the most difficult markets can work. I currently work in Moses Lake and I wanted to buy property here, but I can’t because of my contract with my employer. I was excited to hear you call out Moses Lake when I was watching the video. A lot of potential here. I ended up purchasing out of state. Just purchased a single family and short term rental in Florida. Keep the integrity in what you do because it surely fuels what you have going!
@@Multifamilystrategy If I wasn’t getting over COVID I would have love to meet today. Let’s try to meet up on your next visit to Moses Lake. I’m going to be here for work for a while so we have more opportunities if that works for you? Sorry I couldn’t make today work. Not worth getting you sick!
Wow! Cody, You’re heart is in the right place. Good to know that you’re doing do these because it is not only for yourself, family and also for other people… God bless you more… keep inspiring and encouraging others….
Awesome podcast gentlemen! Keep up the great work! More people need stories like this to understand it can be done; If there is a will there is a way!
Met Cody great kidd showed me how to use a VPN so my wife can't see my Google searches of Bailey Jay and Annabelle Lane saved my marriage.
How much wisdom he has ♥️ keep shining , love bigger pockets thanks for all that you are offering to the world 🌎
Wow this is cool to see someone this young on a path to success hes doing it like no other great strategies hes using this is a amazing story and great tips your a real estate rock star keep it up i wish you the best of success
I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.
No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.
Millionaire like Warren buffet and Bill gates, never made it depending on paycheck neither were they salary owners. I think investing should be on every wise one’s list and currently all of it is online. In a month or two you’d be ecstatic about the decision you’ve made
@@timothyday90My advice for everyone right now is to invest into the market 💲💲as it more profitable.
Bitcoin is the future, investing in it now is the wisest thing to do now especially with the current rise
I wanted to trade crypto but got confused with the fluctuations of price
Just subscribed...I randomly ran into your channel and thank God for that. I am a veteran who wants to invest using my VA loan. Great to see such a young man like Cody be an example for all ages in living "The American Dream 🇺🇲"
#truschoolsports
"It's not luck, it's just being in the right place at the right time."
That's a distinction without a difference if I ever heard one.
Put yourself in a place where you can recognize opportunities. Most people don’t seize opportunities in front of them
@@Multifamilystrategy I do. And that's because I was lucky enough to be born near compatible opportunities. I would need to be even luckier to find opportunities to become a good surfer if I grew up far from the ocean, for example.
I wanted to go into technology and grew up in east coast cities where I could easily achieve that. That's luck. It's fine to acknowledge this. It's not an insult. Just being able to "put yourself in a place where you can recognize opportunities" is a matter of luck.
I'm assuming you're referring strictly to legal opportunities because there were plenty otherwise where I'm was born, on second thought.
Dang, that’s awesome. I thought my 5 units at 19 was impressive, but he blows me out of the water.
Can we connect? 5 rentals by 19 is amazing
The hardest part for me when buying my first rental was commitment and fear of the unknown.
This kid also has wealthy parents
@@mattk8810how do you know?
I would love to hear a 1 year follow up after a 500 basis points interest rate rise?
Still doing great! Longterm fixed rate debt :)
damn i really wanted to watch this and was so ready to hate on him for having rich parents funding the deal or something but this mans hustled and made it happen! congrats
This is awesome, but we can't overlook the fact that he essentially had an agent completely expose him to this way of making a living and taught him the process. That's not normal at all, most people are only looking out for themselves and people do not willingly teach each other for free anymore. At his age this is definitely impressive, but he was surrounded by people with knowledge and willingness to help and it paid off big time (he even had a mentor, again VERY RARE). For 99% of people out there, don't let this video discourage you. Let it encourage you to keep dreaming and pursuing financial freedom regardless of your age or current situation in life.
Yes he definitely has help even his mother let him continue to live rent free and bill free at the age of 19. But everything he's learned is still applicable to anyone. It might be hard and then you'll think of Cody and how he did all of this in two years at an age must people are still in school and think it's not for you but you have to remember your starting further back then he did so it will take more time
I would like to see the details on that deal because I guarantee he isn't cash flowing a cent if he had to ask investors for the majority of 10% of the equity. So what does he have 1%? 2%? Highly unlikely he would even cash flow positive if he had 10% equity HIMSELF. I've been doing this for a while...doesn't make sense. For anyone reading this...don't get your hopes up.
@@shaquileoatmeal7365 I did the math in my head too and it doesn't quite add up. One things for sure, with the fees and interest he's currently paying and knowing that if he's bought the properties in the current market we're in the moment a slight downturn in the market happens which is very likely in the next 1-2 years he'll be under water in an instant. High risk, high reward is why not many investors do what he's doing because that reward can quickly turn into devastation.
@@shaquileoatmeal7365 I think he was gifted the down payment it sounds like he's got a bunch of rich friends
People get so hung up on little things that are not permanent and not that important. I’ve always said “if the numbers work, then who cares about the rest”. Like with his story, if you’re positive cash flow $1000/month, then why does the interest matter?
what happens is you get hosed.............
$1000/mo return is nothing on a million dollar 12 unit property. Please tell me he has maintenance and prop management built into his expenses. If not, this kid is basically the property manager but is also paying for all the maintenance too. He’s only making $83/mo per unit!!!
Next virus that comes along , shut downs, rents delayed.....how's that going to work out? Financial lender will like his check on time no matter what. Risk of this property going back to seller is extreme
Dave's kinda like a cross between Bruce Willis and Brad Pitt. Where have i been to miss you guys?! Such a great convo and great, relevant questions that the audience is asking. Henry and Dave a match made in heaven. Cody should be running America. thx 4 the interview boys.
Over Thirty Duplexes went up in Rochester NY in last three years with over ten unit's mostly in city. Sadly some of these Properties ben sitting for year's and folks in community just let them go while investor's comes in renovate and know making huge profits 📈.
Keep this guy as co host! Great interview.
I love what you guys are doing. Especially your new co host is great.
Bring Nasar (real estate Doru) back.
This co-host is terrible, doesn't provide any insight to the deal analyze. Just agree with EVERYTHING, only Dave is asking the tough questions.
This is probably best video I have seen on purchasing large real estate investments. Excellent job
Thanks