395: From Car Valet to $100k/Month... Seriously! with Thach Nguyen
Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal!
Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down.
In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money!
Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy.
We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode!
In This Episode We Cover:
- How Thach created $100k/month (!) in rental income
- Why he's focusing on the affordable housing niche
- Buying townhouses in Seattle, WA
- Buying a "micro-apartment" building in Oakland, CA
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- How To Start Thinking Like A Big Time Real Estate Investor (Video)
- Tarl Yarber