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- $100M In Real Estate From Scratch
$100M In Real Estate From Scratch
Real Estate Riches Await
$100M In Real Estate From Scratch
Real Estate Riches Await
Introduction
Thach kickstarted his journey in real estate as a realtor at the young age of 21. With his remarkable skills, he rose to become one of the leading agents in his company.
Leveraging his expertise, he ventured into investing in single-family rental properties, gradually expanding his portfolio to include multi-family units and apartments. Today, these investments form the foundation of his thriving real estate business.
Thach Real Estate Group rakes in approximately $800,000 in monthly revenue from its various ventures, with smart real estate investments playing a pivotal role in their remarkable success.
How He Started
The first step is to learn about the opportunities in real estate and how to find them. The second step is, if you don't have money upfront, you can still get involved by flipping properties and selling them to people who have the funds. This is called wholesaling in the real estate world. By finding these deals, you can earn a fee for each one. The key is to learn how to spot these opportunities and make the most of them.
When it comes to choosing investment properties, Thach looks for certain signs. He focuses on homes that need a lot of work and have a yard in the back. Having an alley is also important because it allows him to put an ADU (Accessory Dwelling Unit) in the back. It's even better if the property is a corner lot. Thach looks for areas with high appreciation potential and the ability to command higher rent. These little details can make a big difference in distinguishing a good deal from an average one.
Advice
While flipping houses and selling real estate can make you rich, true wealth comes from owning real estate and building a portfolio of rental properties. As you get older, having passive income from these properties gives you the freedom to choose whether or not you want to work.
How He Grew
When it comes to growing your business consistently posting on social media is key. By consistently posting and engaging with your audience, you can build a strong online presence and attract potential clients. Thach utilizes multiple platforms like TikTok, Instagram, Facebook, and YouTube to reach a wider audience and he posts seven days a week.
In parts of the United States, owners are allowed to create more housing by adding a second structure in the backyard of a single-family lot. Here's how it works: buy the property, remodel it, and keep it. Then, build another house in the backyard. Scale this by buying multiple properties and repeating the process.
It's like getting two houses for the price of one. This strategy works because it maximizes the use of space and allows for more housing options in areas with limited land.
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