Edgar: http://edgarornes.kw.com/
Chris Jones: http://www.prmiloans.com/about-prmi/company-directory/christopher-todd-jones/
Today i work with my friends to close a deal on a 4 plex in arizona and explain the reason why its a good purchase.
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By Stock Chat

where the coffee is hot and so is the chat

33 thoughts on “Making an offer on a 4-plex investment property 22 yr old entrepreneur”
  1. Avataaar/Circle Created with python_avatars Johnny AllTheCash says:

    Wait a sec, its a 4 plex but only brings in just over a thousand in rent. how much is each units rent????

  2. Avataaar/Circle Created with python_avatars Willy Wonka says:

    Get to the nuts and bolts bro explain come on let's go

  3. Avataaar/Circle Created with python_avatars Dwayne Williams says:

    Nerves!? Or….. Either way, Careful brotha! Good stuff as always!!!

  4. Avataaar/Circle Created with python_avatars carguy 35 says:

    Pls don't follow the hype he forgot to mention maintenance/repair cost & after taxes

  5. Avataaar/Circle Created with python_avatars MAD says:

    Хорошая тема👍. Спрос на аренду хороший?

  6. Avataaar/Circle Created with python_avatars hector garza says:

    Keep investing in real estate!!!! 😎

  7. Avataaar/Circle Created with python_avatars FITNESS and STOCKS IQ says:

    what is ricky birthday?

  8. Avataaar/Circle Created with python_avatars Mark Thompson says:

    I'm actually getting my cdl license soon. only bill I have will be phone bill. food. which I think my truck company will pay phone. anyway. pretty much it. Aaand instead of blowing all my money on cars and motorcycles like in the past. I've actually thought about this hard core. quadplex as well. I'm only 27years old. so maybe by the time I'm 40 or 50 years old I could have 6 to 8 props of quadplex making 25 to 30k a year off each one IF I play my cards right and stay focus and put life on pause for a few years. retire at a SOME what younger age than most and when I get old divide the quadplex's between my child when I have them//they are at the right age//responsible enough to handle it on their own. but no one is going to read this anyway hahaha I'm just engraving it into my head because I have a vision and its going to happen. long lonely road ahead of me. sacrifice. At the end of the day I'm willing to do it though. respect to this dude. he's a very smart guy and seems to have a good heart. keep up with the video's man!!! Take care

  9. Avataaar/Circle Created with python_avatars Scott Meszaros says:

    Love it! Where did u get the 20k down payment from or how did u come with that cash?

  10. Avataaar/Circle Created with python_avatars Nate says:

    Best intro so far. Really cool!

  11. Avataaar/Circle Created with python_avatars LeeZep says:

    Stop repeating like when you talk, slow down and compose yourself

  12. Avataaar/Circle Created with python_avatars TheIceBurglar says:

    Is your 'Monthly Expenses' figure inclusive of property taxes and insurance? Was this a weekday during business hours? If so then why aren't the people at work instead of milling about watching-you-watch-them? What will your property manager charge you ( including fees/commissions for tenant placement)? What will you be paying for garbage collection? Just casually watching your on-site footage I see graffiti, untidy wiring, litter&debris, moderate oil accumulation in the parking spaces, boarded up windows & a whole bunch of fugly satellite dishes. What do you suppose your vacancy rates would be? How much are you going to budget for keeping up with normal wear and tear ( flooring, re-roofing, leaky plumbing fixtures, broken appliances, painting, old counter-tops, etc ) ? What is going to happen to that $7,418/yr figure when you get an especially bad tenant who busts your walls up, floods the bathroom, destroys the fixtures etc?

  13. Avataaar/Circle Created with python_avatars Daniel Porter says:

    Have you thought about putting $20k into a blue chip stock and selling covered calls? As long as you keep the capital in strong companies with decently priced premiums you can probably get a better annual return than putting $20k into a property. You probably won’t get the same equity appreciation over 30yrs, but options have no cap ex or op ex so it might actually be the same over a few decades. Just wondering if you’ve considered this.

  14. Avataaar/Circle Created with python_avatars Ashley Barney says:

    Hey Ricky I know where you're at!

  15. Avataaar/Circle Created with python_avatars Eric Velez says:

    Hey Ricky, how is this investment going to date?

  16. Avataaar/Circle Created with python_avatars J A says:

    you can make more in the stock market and without the hassle of being a landlord.

  17. Avataaar/Circle Created with python_avatars Baudelio Magallanes says:

    I manage my fathers investments in the Los Angeles market. Our first and most important thing is seeing what other properties are renting for, and what is the median earning income for that area. It's definitely a sellers market in Los Angeles so finding a great deal can be very hard.

  18. Avataaar/Circle Created with python_avatars Beesley says:

    Waste of money buying that deal you need 16 units minimum to make it work in property

  19. Avataaar/Circle Created with python_avatars Joshua Cooper says:

    Ricky, this was good! Those subscribers tho; keep it up!

  20. Avataaar/Circle Created with python_avatars Gavin McGuinness says:

    What taxation applies to those rental payments. Have you already taken that into consideration for you rough calculations?

  21. Avataaar/Circle Created with python_avatars iCorlitotv says:

    Don't forget the Operating Expenses! Which is usually 50% off Gross income. Then you subtract the debt.

  22. Avataaar/Circle Created with python_avatars Jay Powell Jr says:

    low ROI, careful sir

  23. Avataaar/Circle Created with python_avatars Lions Construction says:

    Cool

  24. Avataaar/Circle Created with python_avatars Graham Stephan says:

    Good stuff dude! 👍🏼I hope it works out!

  25. Avataaar/Circle Created with python_avatars RobbieTheHobby says:

    Real Estate kind of toppy but depends on market I guess. Good luck just be extra careful in choosing tenants. Rather be vacant then have low life inhabitants tearing it up and leaving in the middle of the night.

  26. Avataaar/Circle Created with python_avatars Jay Jay says:

    Ricky, you have to take into account unforeseen expenses, renovations, and expected vacancy when looking for new tenants. look at down side scenarios.

  27. Avataaar/Circle Created with python_avatars Robert J. duPreez says:

    Did you watch the movie "The Big Short"? The housing market is very close to 2008 levels in the prices in some areas and that is not good for the buyers because loans are becoming too easy to come by. Protect your assets. Be careful with those promising numbers as there are pitfalls to be dealt with. No teaser rates or balloon payments Ricky? Rainy days do happen in AZ too.

  28. Avataaar/Circle Created with python_avatars Dwigt Schrute says:

    Nice Ricky! Digging the new intro!

  29. Avataaar/Circle Created with python_avatars Skateboarding LA. South Bay LA Skate Spots says:

    I always like your videos because you get right to the point and you don't say the same thing over and over. I can be an impatient old man sometimes LOL

  30. Avataaar/Circle Created with python_avatars Skateboarding LA. South Bay LA Skate Spots says:

    You will have made most of your initial investment back in 2 years. The actual time would be closer to 2 years and 6 month, doing rough math in my head. Let us know what happens. Ricky you are an ambitious young man. Hope it all goes well for you.

  31. Avataaar/Circle Created with python_avatars TheReal Sniperr says:

    This is so dope bro, congrats!

  32. Avataaar/Circle Created with python_avatars EdVentures says:

    Awesome, can’t wait to se what happens!

  33. Avataaar/Circle Created with python_avatars Dr. Mike Unlimited says:

    Looks like a great deal go for it. God bless you! Mike P

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