How I Make $10,000 /mo from Real Estate Investments

My guest John Sonmez (Simple Programmer) makes $10,000 per month from his 26 rental units. At the age of 19, he was making $75 per hour as a software programmer. He's now retired at the age of 36, he works on his channel Simple Programmer to help programmers out there live a more balanced life. You can check it out here: https://www.youtube.com/user/jsonmez 00:27 Introduction to John 01:32 Why rental properties? 04:41 Income on 26 units 05:47 Would you still recommend real estate now? 07:34 Should your units be closer where you live? 10:06 All about "Cap Rate" 11:30 Best way to deal 13:06 When inflation hits 13:56 Airbnb vs renting out long term The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineeredtruth ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://Instagram.com/WTFMattTran www.EngineeredTruth.com

Comments

1. Can I apply this GOLDEN advice to the Canadian market?
2. Propert crash 🚨
3. This was a very informative interview. Thanks!
4. He made $150,000 a year at 19 yrs old. yet now he makes $120,000 a year? How is that better? Ok hes building equity so that is a plus.
5. Great interview 👍 and very helpful
6. Very straight forward and honest sharing on real estate investment. Thanks for the tips!
7. awesome!
8. How does it take 17 years to be a millionaire with 150,000 per year?
9. YOU SAID IT WAS AD REVUE OR ARE YOU TALKING ABOUT HIM
10. how easy is it in your area to get a six figure income your area.i cant imagine ever earning high 5 figures etc
11. Your last answer about value in your time is such a great response.
12. simple programmer
13. damn and i thought i got it good making 50k a year while being with my parents before my college starts
14. as far as i know most of big city like Vancouver, nyc, sf, montreal and even big city in eyrope.. give you a cap rate or yield of 3-4% gross..wich means after taxes is going to be less of 2%..i am not sure where this guys invest with a yield of 9%. maybe he should share where are the best place to invest
15. good info, thanks for sharing. any recomendation on where to find multy family properties for sale?
16. With 27 rental units and grossing $16k, he's renting each for about $600 over his mortgage payments. For most people a 30 year fixed loan payment will be fairly close to market rents. The real world rental profit is more like $100-$300 over a mortgage payment. In some cases you won't make any profit just break even. The investment then becomes more about equity and appreciation. Unless a larger down payment is used to get the mortgage lower, I'd really like to know how he is able to have such wide margins.
17. how should somebody who is making 30K or lower a year. take these same steps.
18. Great video! Very very helpful. Just what I needed to hear!
19. this video was very interesting . real estate is something im looking into .
20. why not just buy REIT's??