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Buy Real Estate and build a Portfolio FAST!! (50k is an EXAMPLE! This works for 50k to 500k++)

2357 ratings | 193878 views
Invest in Real Estate, with low money down. Invest like the pro's and build a portfolio fast using one of the easiest and most common sense Real Estate strategies. This works for the beginner or the savvy veteran real estate investor. Let Jim Onesti with the Mccann Team show you how. (50k is used as an EXAMPLE! This works for 50k to 500k++)
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Text Comments (241)
Kemal Efepasa (2 hours ago)
Easy plan probably most people knows about it but how do you get banks to finance your 3rd 4th property that is more important..
Sergio Aguinaga (8 hours ago)
What happens if your mortgage interest affects it such that with refinancing you’ll have no or very little cash flow?
mohammad rasel (11 days ago)
This is just superb, I have been researching "quotes on wealth creation" for a while now, and I think this has helped. You ever tried - Xiyannah Lansaiah Theorem - (do a google search ) ? Ive heard some super things about it and my co-worker got amazing success with it.
Christopher Davis (15 days ago)
Great video. I will follow you on social media for more great advice.
Warren Triplett (18 days ago)
I live in Cleveland on the westside I have 100000 to spend and in my Area is 7 houses for a told of 56000 is it a good investment the house need lil work to mid work and I have worker I kno who can do a professional job for cheap so I was wondering and trying to get advice on jumping into the real estate business this is my current situation any advice would help
Tens of DU (20 days ago)
How can someone manage 100 homes? It seems impossible.
E Kop (22 days ago)
Ali Pinar (23 days ago)
Is real estate so cheap in usa?? For 50k you cant buy a garage in europe
Eric Hilarious (28 days ago)
Beware of the market crash. Try not to refi for over 70% LTV right now for a safe cushion
Investing Yourself (1 month ago)
Thanks for a great video Jim! This shows the power of education and compound interest at work! Good luck everyone!
Would this work in other countries? (I live in Sweden?
James Swagger (1 month ago)
your a idiot you have to wait two years to count rental income or have a very good job so not true
I just received $50k from expeditetools ,com but I only had to pay 5k before it was done
John Bowen (2 months ago)
Would love to talk more
James Blanton (2 months ago)
Begin learning wholesell deals.. best way to learn. save the cash and build contacts.. after learning the ropes then start buy flip or renting..
JD (2 months ago)
You can buy a $50,000 in the ghetto!! Lol
gerardo vega (2 months ago)
What if I have bad credit ....
gerardo vega (2 months ago)
What do you mean a partner? I have 200k in equity and 60k in income. Can't I do this on my own?
Justin Turner (2 months ago)
That is gonna squeeze your rent income. $100-200 month is not worth it...
gemixnew gmail com (3 months ago)
I made my first million from investing in bitcoin, this expert is Mr Tony Ivanov , we met at a trading conference and he accepted to trade for me, I've had no course to regret ever since
Caroline DD (3 months ago)
how do i contact him ?
מיטל אגמי (3 months ago)
I want to partner with you. I bought my first property with small loan of 16,000 usd .. now I want to buy more .. how can I do it? With loan on the first one and no money? I want to buy in the end 10 property’s to myself and retire.. how can I do it in 2-3 years ? My income is 4500 usd a month +550 usd rental income after taxes and spend -16,000 usd loan. What can I do?
Just Jack (3 months ago)
The Knowledge Center (3 months ago)
Jack Jack Texas and Florida
DistortedFocus (3 months ago)
Yeah this will work if you're ok with being under water hundreds of thousands of dollars. The point of paying off houses and buying more is EQUITY which last time I checked is way better than debt. Your profits will be eaten up by your mortgage payments.
DistortedFocus (2 months ago)
yes and theres nothing wrong with using some debt but there is a lack of responsibility in this method.
Geannie Sanders (4 months ago)
Thanks I'm just getting started in Philadelphia
Anonymous 1 (4 months ago)
Can I buy 2 homes a year as a starter invested?
Mr M (4 months ago)
How someone going to get 100k? Hard money lenders that's interest rate is sky high? And it's no guarantee the value would jump to 150k that quick. But the game plan is on point just not that easy.
Martinez (4 months ago)
Hi, I’m a 20 year old in a medium sized city, saving up money, living at home, what should be my first step?
LIFE MADE EC (4 months ago)
Thanks!! Giving you a follow and thumbs up. LOL
Marcel Rodriguez (4 months ago)
50k you say..... does 10k work? Thats all i got bud 😂
Marcel Rodriguez (2 months ago)
+Jim Onesti i like to work solo, ive seen many cases where having a partner becomes an issue.
Brooklyn, from the bay (4 months ago)
Money is not necessarily the the problem. Ihave a doen payment for my next property, but how can i get financed for a second property when im already maxed out at about a 45-53 DTI ratio. lenders want a much lower dti. How do investors finance properties...private lenders?...commercial loans? my renters will be paying the note so my dti shouldnt necessarily be the full factor. Wtf
SageOfTheSixPaths (5 months ago)
You never go over how much that loan is going to cost you in interest, month after month plus other fees lenders add. Cash out refi is a good strategy in a good market but when the market becomes stagnant or even downturns, it can go sour real quick and if you have your 1 tenant try to sue you or trash your place it'll cost you more on top of the loan. Pie in the sky is what your telling people but in real world this could work once or twice not 3 or 4 times a year like you're saying.. I've worked with real estate investors for years and this was preached when housing was going up up up... then boom, all of those investors claimed bankruptcy. Just my 2 cents since I've seen this model fail multiple times in multiple markets.
Joe Pirrone (5 months ago)
Pretty interesting strategy. I found this in SW Florida practically on the water. - .33/acre on Pine Island, in SW Florida - Survey & Elevation Report are complete - 2nd fairway Golf Course view - Lot is cleared and ready to build - Non-Mandatory association $0/year Golfing community - Boat launch very close to lot (1,000 yds) MLS Listing: https://www.realliving.com/landlots-for-sale/14202-Pacosin-CT-Bokeelia-FL-33922-240730002 MLS Contact info: Call or Text: (239) 851-0737 - Linda K. Davis, Realtor @ Real Living Cypress Realty, Inc.
Blue Ant (5 months ago)
How could one get the money to start? If one has no one to partner with or anything like a 401K.
Blue Ant (2 months ago)
+Jim Onesti Thank you for the advice
Musa I of Mali (6 months ago)
Love that music.
Jim Texas (6 months ago)
Question: Why are all these YouTube 'real estate' people so interested in presenting this information instead of just doing this themselves? Either they're not doing it and they're really making their money selling some type of real estate course, OR they are doing it and they are just so damn bored or generous that they just have to share this with the world. Which do you think it is? Buyer beware. Personally, I make my money by placing tiny classified ads all over the country and literally make money sitting at my kitchen table in my underwear! Don LePree taught me everything I know.
MrSimoMlt (6 months ago)
I use this app to help me analyze properties I find. It helps me take control. You can download it for free here: Google Play Store link: https://ipcfreeapp.page.link/ipcfreeapp Apple Store link: https://ipcfreeapp.page.link/IPCiOS
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Aaron Petty (6 months ago)
Do you have your properties under an LLC.
Cheesy Does It Cooking (7 months ago)
Hi Jim, I'm looking at my portfolio and thinking this is taking too long. I have 2 properties in 1 year both are doing well. my question is if I do the refinance per above, I'd assume I would have to pay on that cash out refi, what if it puts my rental income in the negative. Currently I break even on the home I want to pull cash from because its appraised at 10% higher since I purchased. What are your thoughts?
Precious Lewis (7 months ago)
How can I GET STARTED. Wonderful presentation
Anonymous 1 (7 months ago)
Bravo sei onesto?
Seeking the Trinity (7 months ago)
“Little money out of pocket” is what you claim, but you need the 50k up front for the house, IF you can find that, BIG IF, then another 50k to fix it up BEFORE you head to the bank and ask for a refi or loan. That’s 100k invested up front, how is that little to no money invested? Your not explaining yourself well or omitting very important details and facts.
Arnold Barajas (8 months ago)
I have an investment property how do i get a loan off it.so i can keep investing its paid off but my credit is not that good and have not put on my taxes. I only need 15,000 to get into my next home.im already at 5 doors. But i can get another good investment property with 15k down.
tasmisr (8 months ago)
Jim, in general, it's very hard and difficult to find a house at 33% of it's final appraised value. Especially in a tight market with so much competition and lots of other insiders who can jump on such a deal way before it's released to the market. What do you recommend for finding those deals?
Michael L (2 months ago)
Juanco_"C.E.O." Enlighten me? #MrKnowItAll
Juanco_"C.E.O." (2 months ago)
+Michael L There's ways around it. If you were smart enough you will figure it out.
Michael L (2 months ago)
Juanco_"C.E.O." Too bad you can't copy and past on YouTube.
Juanco_"C.E.O." (2 months ago)
+Jim Onesti this response is gold, ima copy and paste it in my personal notes.
Kevin Edwards (8 months ago)
Hey Jim, I absolutely love this formula, would it work if its tweaked a little, what i mean is if I buy a property for & put down 20% I can still borrow 70% of the value of the home to purchase two more?, or I can only borrow against the equity in the home?
Kevin Edwards (7 months ago)
Jim Onesti I'm looking to purchase a investnent property out of state, after I buy my 1st one (20% down....etc) how soon can I buy my second?, is it up to the lender?, or as long as another 20% for my 2nd property is there?
Real Estate Happens (8 months ago)
Great video. Very informative. I have a longtime investor client who has been doing the same thing. It works!
C c (9 months ago)
Finally someone explains it clearly!!!
Blank Et (9 months ago)
Should I assume that you buy and update the first home with 100% of your own money? So you need to put 100k of your money, wait for a 50% higher appraisal and then borrow 75% of that value to buy your second home. So hurdle number one is coming up with 100% of your first home investment. Hurdle number 2, is that the appraisal should be quite robust vis a vis your purchase price. I know a lot of people use cash out Refis but seems like a house of cards especially if the market were to turn in the other direction.
Little Billy (9 months ago)
Terrible video. You live in la la land
fmb bendur (9 months ago)
Not practical
Renewable Rebecca (9 months ago)
Uhm. The 5000 extra just goes to pay some interest
Renewable Rebecca (9 months ago)
My hope is to get an equity loan on my main property then buy a cheap home fix it a bit to rent so can i also get another equity loan on that rental property with the renters payments as income or do i still need to show more income?!
Wilhem J. Lobo Guzmán (9 months ago)
very well explained, expecially the math.
enachioken (9 months ago)
Where the hell does a home cost $50K????
Just Tasty & Delicious (10 months ago)
hey! congrats to this vid :) subscribed.
BrazosportRoofing (10 months ago)
Hi Jim! I just got approved for a Home Equity Loan on my primary residence which I own around (275k) I have another 4 rentals I’ve had for awhile I’ve paid cash for (no bank help) I’m new to having a bank help, what do you suggest I do to help my portfolio? I love my rentals and the money they bring in want a lot more just not quite sure on how to get a bunch...
Elroy de Jong (10 months ago)
Caution though! This is the exact reason why many individuals went bankrupt in around '08/'09. The assumption is that interest is stable and income due to collected rents are stable even so.
nicole onesti (10 months ago)
Elroy, thanks for the comment. However, not necessarily accurate. the loan you will be getting when you cash out refinance will be a 30 year FIXED rate loan which will have an interest rate will be LOCKED in for 30 years. Rates are historically low right now. In 08, people mostly had floating rates that rose out of control, big difference....
Omarni Karnley Jarbie (10 months ago)
What is LTV
Omarni Karnley Jarbie (10 months ago)
Where do u get $150,000 from?
Omarni Karnley Jarbie (10 months ago)
What is appraised value
Eric Thompson (10 months ago)
Hi jim! Have you ever heard of dave ramsey? He is worth about $100m and started from nothing and about half of that is in real estate. He thinks you are full of shit! Who should people listen to you or him? Hmmmmmmmm
Eric Thompson (10 months ago)
“Preferably try to invest in an area thats trending up”? Is this a joke? Great advice captain obvious!
CM L (10 months ago)
Where I live, properties costs millions and renovation doesnt add much value.
Go T.o (10 months ago)
Is there is a foreigner tax in ottawa for real estate and is it going to work with foreigners ?
Ariana Rickert (10 months ago)
Lol he forgot to mention the fact that if you refi on that level and take that money out that mortgage doubled and would give you a negative cash flow to that one property... there is no such thing as a easy buck. Don’t be in denial
Kevin Rector (3 months ago)
It should cashflow the exact same, you might make less ROI per say. But you have 0 money in the deal.
Michael Figueroa (10 months ago)
I like how he explains. It is very simple and crystal clear. Thank you Sir!
Mark Doty (10 months ago)
Find a house selling for $50k that is in a neighborhood sellong for $500k and make more money. You numbers are not reality
the wise one tricks (10 months ago)
Wow fake..lol its not that easy..lol
the wise one tricks (10 months ago)
Well i live in southern california and it is a bidding war out here.
DJ Grier (10 months ago)
Great information, I just subscribed! Question about the cash-out refi: After the LTV money is pulled out of the home's equity, who's paying the new mortgage on the home? What's the APR?
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Maira Kaleem (10 months ago)
Plz subscribe to the channel to know more about it
Eric Thompson (10 months ago)
You fuckin moron! Glad I wasted a few minutes of my life. So there arent any closing costs, agent fees, etc? Give me a break, this is so misleading you should be ashamed to put this dumbass video on youtube. Not to mention how do you put $50k into a house if somebody doesnt have any $?
Eric Thompson (10 months ago)
You tell them “ to know your neighborhood”??? You dont give them any idea of how to do that.
Eric Thompson (10 months ago)
Jim Onesti Oh wow what a comeback, you really got me there. Look I get it, you couldn’t come back with any valid points I made, but only a bad smartass joke. What you are saying is ridiculous and you know it. You must not be giving any “secret sauce” if you barely have 1k views. Oh btw you are right that I dont need your “cash out system” because I pay cash for my properties! Boom. Contact me anytime if you want to learn about buying income properties.
Neil Saxon (10 months ago)
So find a property for $50k that should be worth $150k? What city is this? That’s a unicorn strategy for anyone out in Cali.
nicole onesti (10 months ago)
Neil thanks for the comment. this works at any price range, 50k is an example, however, I have sold close to 50 homes between 40-100k to my clients who then successfully applied this strategy. here is Philadelphia and the surrounding areas its easy to find cheap homes, same with Jersey, Delaware and may other locations
maria thiede (10 months ago)
So how to approach the bank?
nicole onesti (10 months ago)
Hi Maria, no strategy needed here, just call the banks and fill out an app. start with local lenders
Bryan Shealy (11 months ago)
Isn't this how 2008 happened?
jean lenor (11 months ago)
I have 3 rentals now but will have 10 by the end of the year.
jean lenor (10 months ago)
Jim Onesti No, the 3 i have are free and clear. The other 7 will most likely be seller finance. I dont like dealing with banks. They waste ur time, pull ur credit score and tell u no WTF. I see they like to lend to ppl who are already wealthy so after i can show them my wealth, i will go to them for loans or heloc
Another real estate charlatan.
Robert Magda (11 months ago)
Show me the market what is healthy where you buy it for $50k and fix up and appraise for $150k! Also where you get the income to refinance,show me the lender what will refinance without income? Hocus Pocus.
Daniel Gosselin (4 months ago)
But essentially yes
Daniel Gosselin (4 months ago)
nordette it was an internship but it was basic grunt work for a small mom and pop operation
nordette (4 months ago)
+Daniel Gosselin how does your job work? Does anyone just hire you to find them a property?
Daniel Gosselin (7 months ago)
For real. I worked as a real estate investment analyst and my whole job was to find homes like this. Except we would try to get 20k out of the deal and it took weeks worth of digging and work. Mind you these are pros working at it too
tasmisr (8 months ago)
Robert Magda , exactly! Good luck finding a house at 33% of its market value, putting 33% for rehab, and gaining 33%of equity.that is why I find this video misleading as it is very rare to find such a deal in a growing economy. Also it's assumed that the investor has 100k of floating cash to invest!
Joseph V. Scorese (11 months ago)
Jim, Great Description of the BRRRR Strategy - The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Great Strategy: Perfect Primer for Real Estate Investors & Investors - Doing this correctly and working with real estate agent experts like Jim refinancing up to 75% LTV based on appraised value will work great based on the video. Joseph V. Scorese Senior Loan Officer Firstrust Bank 1 Walnut Grove Drive Horsham, PA 19044 Office- 267-455-0520 Cell – 215-290-5108 Fax - 215-728-8324 [email protected] NMLS#391784
Jonathan McGuire (11 months ago)
are there refinances with traditional lenders, if so is there a limit to how many times you can do this? or is the with hard money lenders?
Armand Bolotte (11 months ago)
SO after the loan of $100K is paid off, you have $5,000 left to invest. Actually, the price is lower because you have to pay closing cost for the refi.
Jason F. Griesser, CMB (11 months ago)
This is a great piece, Jim. The cash out refinance is an important way for investors to liquidate their equity in their investments. This liquidation can be used to free up cash for your next real estate investment. The cycle of acquisition, renovate, and liquidate is something we work with numerous investors on. Also remember we can finance the renovation project as well - a 203k loan could allow for as little as a 3.5% down payment! The Homestyle renovation loan allows as little as 5% down. These loans allow you to purchase the home along with the financing for the renovations! These rates remain in the mid-high 4's on a 30yr fixed loan. If you'd like to learn more we work with Jim and his team all the time - feel free to email any time [email protected]
p000000Lverr (11 months ago)
Why does he have a nasty not so genuine smile
David King (11 months ago)
Has the smile of an angel 😇
Ryan Woods (11 months ago)
lol buy a house for 50k.. wow couldn't do that in Aus. Try 900k buy price
Investing Yourself (1 month ago)
I'm from Australia too. Just because we live here doesn't mean we have to invest here. Always keep your eyes open! (I'm looking at UK and NZ)
Deleno Ahk (11 months ago)
I like the number breakdown
Ranjit Sandhu (11 months ago)
Deleno Yah .
hesus lopez (1 year ago)
Any advice on what to do if you live in a city where the cheapest homes are well over 300,000$
hesus lopez (1 year ago)
Thanks jim!
Eugene Pressley (1 year ago)
Ziptrendingupcompsales.com need help!?
Eugene Pressley (1 year ago)
Cash out refi the best
Eugene Pressley (1 year ago)
I know three markets that are booming right now very good locations lots of construction going on the investors are here looking around to get my first piece of it so many to choose from but they are going fast so I got to move fast
Sergey Kucherenko (1 year ago)
True, but all those 50k houses you still have to pay cash from equity not like you getting a loan...banks won’t give you mortgage loan for destroyed properties...not sure how well its gonna work
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Dr House (1 year ago)
hi Jim, where is the part 2 promised, I just want to know where to find a 50,000$ home.
Hannes (1 year ago)
Where can you get hime for 50000 dollars
Abdul (1 year ago)
oh my God, here in Australia banks will give you 80% LTV, I just bought my first home now, and looking to buy another one 6 months later
StirCrazy (1 year ago)
Where are you getting financing on an investment property? Traditional lenders generally won't touch investments for refi. I have about $300k in equity in which I'd like to leverage.
Kevin Edwards (7 months ago)
Check out Fund & Grow .
IFollowAfter (1 year ago)
The banks I have spoken with in my area only want your primary residence. When I start talking about my rentals they ask me to try other sources. I admit I have heard about this 75-80 percent refis but never found a bank that will do it.
Hi Jim, i really love to mentor me on how to create join financial partners to invest in my property above 34 hecters . Thanks
L Baugher (1 year ago)
It seems the hard part is finding a property that will have a higher appraisal value....and determining what neighborhoods to be searching for these homes. I’m wondering if there is a way to find out what a house could be worth after you rehab it but before you purchase it?
L Baugher (1 year ago)
That makes sense. I’m having a meeting with my realtor next week to prepare my strategy so I’m going to bring this method up to her.
KornFed Kustoms (1 year ago)
Hate to burst yalls bubble but this isnt how it works at all or maybe im not seeing something here.... You take a loan out for 50,000 to buy the home put 50,000 in it which either came out of your pocket or from a bank loan which in case you would have $100,000 loan if it appraises at 150,000 you take 70% of that which is 105,000 and then you deduct what you owe from that 105,000 giving you only $5000 cash out equity. This is of course unless you paid cash for the house upfront and then paid another 50,000 cash for renovation which then you would need 100,000 liquid upfront........
KornFed Kustoms (1 year ago)
I do understand how to build wealth actually im an investor and i make several thousand in passive income every month and will be retired by age 59 with several million in my retirement fund, but my point was that alot of these videos on youtube are very unrealistic. In your example you're assuming the 50,000 to initially by the home and the renovation money to get it valued at 100,000 was paid out-of-pocket, not many people are able to do that. So if the $50,000 home and the renovation money was funded by a bank you had to have money down to get that in the first place and then you're left with $5000 cash out in your pocket after refinance most banks want 15 to 20% down to buy a rental property so 5000 seems a little short on buying an investment property.
High Roller Suite (1 year ago)
icawn (1 year ago)
i live in a rural small town. I called our local well known home builder, asking if they'd be interested in performing renovations for a real estate investor. The owner's wife (old office lady) didn't understand what I was talking about. I find it hard to believe she didn't know exactly what a "real estate investor" meant. Not a whole lot of options here...sigh.
icawn (1 year ago)
Yup that is probably the only way to go. The internet and yellow pages are not very useful and I've called many out of service numbers. Getting information from current folks in the trades is probably the only way to stay current.
ginny mccuen (1 year ago)
Advice from a great agent who knows what he's talking about.
Joshua Garner (1 year ago)
Little to no money....except for the original 100000
Koel G (10 months ago)
Thats what i was thinking too. So you get your original 100k back in a new 30yr loan with only 5k left over. So is the 5k your next down payment on another rehab. Then you need to have money for the rehab.
Joshua Garner (1 year ago)
Do you have a credible lender you use, I have a deal for 56k on a property that's on the low end going to appraise for 75k, needs little no rehab, (my father in a law is giving me a deal) and rents for 850. It's half of a duplex, that I plan to buy the other half of. I have 25k for down and closing.
Chris T (1 year ago)
Hey I am 25 years old and looking to buy my first property, I am looking to buy a multi unit with 3 to 4 units. Ive found a lot of info on how this can go well but do know of any pitfalls or struggles that I may end up dealing with? Any info is much appreciated, also how do I know how much I can afford?

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