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Thach Nguyen On the Investing Strategy That Generated $15K in Cash Flow With No Money Down
When it comes to what it takes to be successful, most people want the short-term gain because long-term consistency is a lot harder to maintain. In real estate, this mindset is clear in choosing between selling real estate and becoming an investor.
No one wants to invest in real estate because getting to the outcome is slower than the quicker results of selling real estate. Being consistent with investing is the ultimate vehicle for generational wealth, especially when we use the BRRR strategy.
What is the most valuable skill an investor needs to have? Why is it so important not to expect instant gratification with our business ventures?
My guest today is a real estate agent, investor, entrepreneur, and founder and CEO of Thach Real Estate Group, Thach Nguyen. He talks about his journey and why real estate investing is worth pursuing.
Three Things We Learned From This Episode
- How Thach went From 25k to 150k Instagram followers in under 12 months:
Consistency and persistence beat instant gratification. Thach was able to build a huge following organically by putting in the hard work and putting in the time instead of letting the need for instant gratification make him cut corners. This is a mindset he applies to everything, from door knocking to investing.
- How to use the BRRR Model to invest:
The BRRR Model is one of the most powerful ways we can start building long-term generational wealth. The central goal of this strategy isn’t to fix and flip, or to sell a property off quickly, it’s fix and keep.
- How to determine which investing strategy to use:
The best deal as an investor is a BRRR deal, but not every property we come across is a good candidate for BRRR. For a BRRR, you should get 30% or higher in equity when you’re done. The next best thing is a flip which should give you a 20-25% margin, wholesale is 15-20%, and if the property will have an equity margin of 0-10%, it should be a list.
Guest Bio:
Thach Nguyen is the CEO & Founder of Thach Real Estate Group, a Seattle-based real estate company, and a seasoned investor and developer. During his 30 years in the real estate industry, Thach and his team have assisted over 2,500 families to create their own American Dream. He is also ranked Top 1% of all real estate professionals nationwide. As an inspirational leader, Thach is a sought-after speaker, philanthropist, and author and co-founder of “The Gift”. Thach has been featured in The Seattle Times, NW Asian Weekly, The Early Show, Puget Sound Business Journal, The International Examiner, and many more. For information, and to follow Thach or to learn more about his programs, visit @thachnguyen.
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By Aaron RianWhen it comes to what it takes to be successful, most people want the short-term gain because long-term consistency is a lot harder to maintain. In real estate, this mindset is clear in choosing between selling real estate and becoming an investor.
No one wants to invest in real estate because getting to the outcome is slower than the quicker results of selling real estate. Being consistent with investing is the ultimate vehicle for generational wealth, especially when we use the BRRR strategy.
What is the most valuable skill an investor needs to have? Why is it so important not to expect instant gratification with our business ventures?
My guest today is a real estate agent, investor, entrepreneur, and founder and CEO of Thach Real Estate Group, Thach Nguyen. He talks about his journey and why real estate investing is worth pursuing.
Three Things We Learned From This Episode
- How Thach went From 25k to 150k Instagram followers in under 12 months:
Consistency and persistence beat instant gratification. Thach was able to build a huge following organically by putting in the hard work and putting in the time instead of letting the need for instant gratification make him cut corners. This is a mindset he applies to everything, from door knocking to investing.
- How to use the BRRR Model to invest:
The BRRR Model is one of the most powerful ways we can start building long-term generational wealth. The central goal of this strategy isn’t to fix and flip, or to sell a property off quickly, it’s fix and keep.
- How to determine which investing strategy to use:
The best deal as an investor is a BRRR deal, but not every property we come across is a good candidate for BRRR. For a BRRR, you should get 30% or higher in equity when you’re done. The next best thing is a flip which should give you a 20-25% margin, wholesale is 15-20%, and if the property will have an equity margin of 0-10%, it should be a list.
Guest Bio:
Thach Nguyen is the CEO & Founder of Thach Real Estate Group, a Seattle-based real estate company, and a seasoned investor and developer. During his 30 years in the real estate industry, Thach and his team have assisted over 2,500 families to create their own American Dream. He is also ranked Top 1% of all real estate professionals nationwide. As an inspirational leader, Thach is a sought-after speaker, philanthropist, and author and co-founder of “The Gift”. Thach has been featured in The Seattle Times, NW Asian Weekly, The Early Show, Puget Sound Business Journal, The International Examiner, and many more. For information, and to follow Thach or to learn more about his programs, visit @thachnguyen.