Quote from @Monica M.:
hello all! I am new here. I have been a passive investor in syndication deals for the past 5 years, results not doing that great. Now getting serious to becoming an active investor and doing on my own. I came across this video, very very inspiring! That's how I came to know of BP. Yamu mentioned she is making $80k/mo profit by year2. Profit... per month... 80k - she mentions around 38:38 time mark in the video. Is this possible? I am still jaw dropped but wanted to confirm from experienced folks hence asking.
https://www.youtube.com/watch?v=QIjJ9gUN_KU
Just to add: this investor is from a humble background, not rolling in capital lol. Here's the summary I got from the video - she borrowed from bank for mortgage and rehab:
- Her first property $55k, fixed up and appraised to $90k ($1300 cash flow)
- She added 6 more properties to her portfolio in year1 - 2 duplexes ($2k cash flow) + 4-bed house (bought from cash flow and equity from other properties).
- By year1, she made 6-7k profit / per year
- By year2, she purchased package deals and added more properties with 2-week turnaround on fixing them (with the help of a dedicated contractor(s) who lived in one of the multi unit/room properties)
- She also did Airbnb and arbitrage. She had 34 units by year2.
- By Year2 (mid April 2024), she is now making $80k/mo profit. She mentioned at 38:38 timemark in the video.
- she mentioned that one of the units had a year commitment with a payment of $44k (I guess it is company paying for one of their employee tenants)
How realistic is to make $80k / mo profit with this kind of capital? I can relate if she mentioned this as "revenue" but she mentioned as "profit" which is odd to me but what do I know, I am a newbie.
