Calvin Chin’s Post

Name: Why Buying Ugly Homes Will Generate Wealth | Calvin Chin posted on the topic | LinkedIn
Uploaded: 2024-04-29T18:20:01.068Z
Duration: 1 min 15 s
Channel: Calvin Chin

Calvin Chin

Real Estate Investor, Coach, & Philanthropist

7mo

Why Buying Ugly Homes Will Create You Generational Wealth 🏚️ #multifamily #cashbuyers #buildwealth #investor #realestateexpert #retirementplanning #realestateinvestors #entrepreneurship #investorhub #wealthylife #businesstips #outofstateinvestoracademy #realestateinvestment #financial #retireyoung #realestatetips #multifamilyrealestate #businessowner #realestateexperts #businessowners #financialmarkets #realestateinvestingtips

1 Comment

Transcript

OK, we're gonna be talking about today how ugly homes just like this one can make you such a beautiful, beautiful future. So the secret is you're gonna find the ugliest home in a great neighborhood. So these deals typically don't really exist on the MLS or Zillow or Redfin. I found this one particularly off market. This house for 72 grand all in rehab was about $25,000. So all in, I was about $97,000 into this deal. This one appraised actually had $155,000. We had 75% loan to value on the new 155. $1000 appraised value. So I got a essentially $116,000 back. What that means is I got $160,000 back. I was all in for $97,000. So that means I got all my original money back out and a little bit of profit. But how you made generation Well from this is that. Guess what? Because I have my all my money back out. What should I do with that? Go buy a boat? Nope. Why? You should buy more real estate with that. And that's exactly what we did. And on top of that we were able to Airbnb this one out we rented out for $4000 a month when workers. Any grand a month. So that's how you can continue to recycle your money and create generational wealth. And this deal itself already has made multiple deals, not just in this deal, but also by being able to recycle my money and buying more deals with it. Alright, so hope this helps guys.

Alex Olson

Real Estate Broker for Legendary Apartment Brokers. I help sellers sell apartment buildings and buyers buy apartment buildings in the Kansas City Metro. I'm also known as the 1031 Exchange REPLACEMENT finder.

7mo

That's right man! Keep going you are doing awesome!

To view or add a comment, sign in

More Relevant Posts

Zachary McDonough

Real Estate Professional | NextHome Envision
5mo
Report this post
🫠🫠 am I the only one?? Thinking about making a move? Schedule a consultation via DM! Zachary McDonough, REALTOR ☎️🏡 NextHome Envision 🧡 240.688.8912 📲 zack17mcd@gmail.com 📥 #multifamily #businesswomen #cashbuyers #buildwealth #investor #realestateexpert #retirementplanning #realestateinvestors #entrepreneurship #investorhub #wealthylife #businesstips #outofstateinvestoracademy #realestateinvestment #financial #retireyoung #realestatetips #multifamilyrealestate
Like Comment
To view or add a comment, sign in
Zachary McDonough

Real Estate Professional | NextHome Envision
5mo
Report this post
Fords Flats - where dreams come true ✨❤️ Thinking about making a move? Schedule a consultation via DM! Zachary McDonough, REALTOR ☎️🏡 NextHome Envision 🧡 240.688.8912 📲 zack17mcd@gmail.com 📥 #multifamily #businesswomen #cashbuyers #buildwealth #investor #realestateexpert #retirementplanning #realestateinvestors #entrepreneurship #investorhub #wealthylife #businesstips #outofstateinvestoracademy #realestateinvestment #financial #retireyoung #realestatetips #multifamilyrealestate
Like Comment
To view or add a comment, sign in
Zachary McDonough

Real Estate Professional | NextHome Envision
6mo
Report this post
Mistakes happen, you can’t be afraid to lose money $$$ Thinking about making a move? Schedule a consultation via DM! Zachary McDonough, REALTOR ☎️🏡 NextHome Envision 🧡 240.688.8912 📲 zack17mcd@gmail.com 📥 #multifamily #businesswomen #cashbuyers #buildwealth #investor #realestateexpert #retirementplanning #realestateinvestors #entrepreneurship #investorhub #wealthylife #businesstips #outofstateinvestoracademy #realestateinvestment #financial #retireyoung #realestatetips #multifamilyrealestate
Like Comment
To view or add a comment, sign in
Tempest Gold Property

3,339 followers
2mo
Report this post
Start small, but think big. Real estate investing is a proven way to build wealth and generate passive income. 🏡💰 . #investing #realestate #property #money #wealth #finance #success #financialfreedom #business #entrepreneur #motivation #inspiration #quoteoftheday #robertkiyosaki #tempestgold #yourpropertypros #tempestgoldbw #realestateagent #realestatebotswana #botswanaproperty #propertyinbotswa
Like Comment
To view or add a comment, sign in
Kumars Property Investors - KPI

Our goal is to educate and support people like you, so you can become informed property investors who are ready to claim their financial freedom by investing the right way.
5mo
Report this post
🏡 Don't let unexpected surprises ruin your investment dreams! Trust qualified experts to handle the due diligence when buying property. ✨ #InvestingWisely #ExpertAdviceNeeded #Weworkexclusiveforbuyers #realestate #investing #property #Financialfreedom #propertyportfolio #capitalgrowth #propertyinvestment #wealthcreation #income #entrepreneur #mindset #Blog #business #buyersadvocate #buyersagency #buyersagent #australia
Like Comment
To view or add a comment, sign in
Midfield Investments

26 followers
3mo
Report this post
👉"99% of Real Estate Investors don't pay enough attention to new supply trends, but to be in the 1%, you need to understand this." In Q2 2024 Houston added 5,727 new rental units—a 30% increase from the previous quarter. Understanding new supply is crucial because it directly impacts rental rates and market competition. As an investor👨💼, knowing when and where new units are being delivered can help you make smarter decisions about where to invest. Check out my other content to learn more about strategic investing 💸 #multifamilyrealestateinvestor #multifamilyrealestateinvestortips #multifamilyrealestateinvesting #multifamily #realestateinvestor #realestateinvesting #multifamilyrealestate #entrepreneur #cashflow #realestateinvestors #realestateagent #financialliteracy #investment #financialindependenceretireearly #debtfreecommunity #investingforbeginners #investingtips #moneymindset #moneyconversations #realestateinvestors #investing101 #investorlife #investormindset #financialeducation #financialliteracy #investingstrategy #youngentrepreneurs #passiveincome #financialfreedom #wealthmindset #generationalwealth #incomestreams
Like Comment
To view or add a comment, sign in
Ron LeGrand - Real Estate Education

Real Estate Investor & Chairman at Global Publishing Inc
4mo
Report this post
Fact or Myth? You need credit to buy real estate. MYTH!! ❌ Guaranteeing debt is a huge no-no on Planet Ron. There are ways to invest with bad credit, such as partnering with others or seller financing Click the "Free Real Estate Training" in my bio to learn more. 👍 #realestate #investing #ronlegrand #financialfreedom #funny #entrepreneur
Like Comment
To view or add a comment, sign in
Guordan Banks

I help small business owners obtain debt refinancing.
4mo
Report this post
Time to lighten your load! Refinance your debts with Promise Land Capital and regain financial control. Lower interest rates and manageable terms await. Contact us today and start your journey to financial freedom! hashtag #financialfreedom #FinancialWellness #SmallBusinesses #smallbusinesses #entrepreneurship #communitysupport #entrepreneurlife #businessgrowth #socialchange #smallbusinesssupport
Like Comment
To view or add a comment, sign in
Zachary McDonough

Real Estate Professional | NextHome Envision
9mo
Report this post
My first Real Estate ASMR ❤️ … Should I do more of these? Are you thinking about making a move? Schedule a consultation via DM! Zachary McDonough, REALTOR ☎️🏡 NextHome Envision 🧡 240.688.8912 📲 zack17mcd@gmail.com 📥 Start searching at dmvhomesearch.net #multifamily #businesswomen #cashbuyers #buildwealth #investor #realestateexpert #retirementplanning #realestateinvestors #entrepreneurship #investorhub #wealthylife #businesstips #outofstateinvestoracademy #realestateinvestment #financial #retireyoung #realestatetips #multifamilyrealestate
Like Comment
To view or add a comment, sign in
Russell Walker

KingdomREIAcademy.com
6mo
Report this post
5 things that will make you wealthy in Real Estate Investing https://lnkd.in/dhQd5fiW Need a mentor and a partner that will hold your hand? Learn how to flip and cashflow houses without cash and without getting into debt using Kingdom principles. Get debt free and financially free using creative real estate investing so you can be blessing to everyone around you. We provide unlimited skip traced leads to call, unlimited funding, scripts to follow so you know what to say, and unlimited support. KingdomREIAcademy.com #realestate #realestateinvesting #financialfreedom #investing #passiveincome #financialindependence #rentalproperty #makemoney #wealthbuilding #creativerestate #realestateagent #investor #entrepreneur #fixandflip #shorttermrentals #airbnbrental #househacking #landlording #propertymanagement #multifamily #commercialrealestate #beginnerinvestor #realestatetips #financialgoals #howtoinvest #financialeducation #buildwealth #reachyourgoals #millionairemindset
Like Comment
To view or add a comment, sign in

1,776 followers

372 Posts

View Profile Connect

Calvin Chin’s Post

Transcript

More Relevant Posts

Explore topics