Two Guys Take on Real Estate

📺Real Estate Investors Paying it forward 🏘️700+ Rental Units 🏚️ ➡️ 🏡500+ Flips

[Two Guys Take on Real Estate @2GuysTake]

Foreclosure auction Before and After

Won for 136k
Rehab 70k
UA for 360k

What do you think?

[Two Guys Take on Real Estate @2GuysTake]

Foreclosure Auction Before and after

Bought this for 290k at auction. Spent 136k on rehab. On market for $1M

Thoughts?

[Two Guys Take on Real Estate @2GuysTake]

Prospect: Can I move in tomorrow? I will pay 6 months in advance!

New landlord: Heck yeah!

Seasoned Landlord : NO!

This almost 100% of the time ends in disaster! There are exceptions to the rule but it is much safer to stick to the rule.

[Two Guys Take on Real Estate @2GuysTake]

Tell me you had a pipe burst in your house flip without telling me you had a pipe burst.

[Two Guys Take on Real Estate @2GuysTake]

Foreclosure Auction Before and after

Bought this for 290k at auction. Spent 136k on rehab. On market for $1.1M

Thoughts?

[Two Guys Take on Real Estate @2GuysTake]

$100K Salary Looks Like After Taxes in Your State

Alabama : 73k
Alaska : 78k
Arizona : 76k
Arkansas : 73k
California : 72K
Colorado : 74k
Connecticut : 73K
Delaware : 73k
Florida : 78k
Georgia : 73k
Hawaii : 71k
Idaho : 73k
Illinois : 73k
Indiana : 75k
Iowa : 73k
Kansas : 73k
Kentucky : 74k
Louisiana : 74k
Maine : 72k
Maryland : 74k
Massachusetts: 73k
Michigan : 74k
Minnesota : 73k
Mississippi : 74k
Missouri : 74k
Montana : 72k
Nebraska : 73k
Nevada : 78k
New Hampshire : 78k
New Jersey : 74k
New Mexico : 74k
New York : 73k
North Carolina : 74k
North Dakota : 77k
Ohio : 76k
Oklahoma : 74k
Oregon : 70k
Pennsylvania : 75k
Rhode Island : 74k
South Carolina : 73k
South Dakota : 78k
Tennessee : 78k
Texas : 78k
Utah : 73k
Vermont : 73k
Virginia : 73k
Washington : 78k
West Virginia : 73k
Wisconsin : 74k
Wyoming : 78k

Yet with $100k in rental income most would be able to take home $100k

Thoughts?

[Two Guys Take on Real Estate @2GuysTake]

What every landlord buys often !

Just got a call from our local Home Depot:
" Large project just returned 178 combo smokes what them for $30/each?"

Me: " Yes please! "
50% off our already 13% off preferred pricing. Can't go wrong.

[Two Guys Take on Real Estate @2GuysTake]

Foreclosure auction Before and After

Won for 136k
Rehab 70k
UA for 360k

What do you think?

[Two Guys Take on Real Estate @2GuysTake]

Why would you ever pay off a mortgage under 5% early?

[Two Guys Take on Real Estate @2GuysTake]

Get ride of this from your rental property!

Whenever a garbage disposal dies in one of our rentals, we remove it completely.

Why?
1. High maintenance - so much goes down that shouldn't
2. Most tenants could care less
3. Less is more

[Two Guys Take on Real Estate @2GuysTake]

Foreclosure Auction Before and after

Bought this for 114k at auction. Spent 58k on rehab. Sold for 279k

Thoughts?

[Two Guys Take on Real Estate @2GuysTake]

Why is it that the appraisal almost 100% of the time comes in exactly at the agreed sale price? How is that possible?

[Two Guys Take on Real Estate @2GuysTake]

Opportunity to get this old Kmart for FREE. Trying to come up with ideas for new use 🤔

[Two Guys Take on Real Estate @2GuysTake]

The typical “American dream” debt trap:
$80,000- College
$30,000- Wedding
$300,000- Home
$40,000- Car
Then invest if you can

My "American Dream" debt release:
$80,000 - Duplex
$80,000 - Duplex
$300,000 - Four plex
$250,000 - triplex
Then bought myself a house

What about you?

[Two Guys Take on Real Estate @2GuysTake]

My HVAC guy was sick, had to call a new HVAC tech. They were trying to charge me $7k to replace the HVAC system at one of my rentals

I didn't approve the work

Gave a small rental credit for the extra couple days to tenant

My guy got back and fixed it for $250

Trust but verify

[Two Guys Take on Real Estate @2GuysTake]

Our real estate portfolio over the last 17 years: 🏡

2008: $160K
2010: $470K
2012: $920k
2014: $5.2M
2016: $29.7M
2018: $50.1M
2020: $24.6M
2022: $44.5M
2024: $47M

Excited for what 2025 will bring

[Two Guys Take on Real Estate @2GuysTake]

Tenant: My toilet is clogged

Me: Ok looks like I will have to pull the toilet

5 mins later

Me : Why the $&!? is there a steak bone in the toilet?

Tenant : Where was I supposed to put the scraps?

Me : 🤦

[Two Guys Take on Real Estate @2GuysTake]

Just snagged a four unit for a steal from a foreclosure auction

Winning bid: $87k
Rehab: 57k
Market value: $400k
Expected monthly income: $4,800

The art of the deal? Knowing your market better than the competition.

Who else is hunting for underpriced gems?

[Two Guys Take on Real Estate @2GuysTake]

Tenant: I moved out, no need for final walkthrough, keep the deposit

Us: Deposit?! Here is a 9k bill!

[Two Guys Take on Real Estate @2GuysTake]

We have been switching to this for most of our rentals. 15% off at Home Depot. Spoke to some old school landlords at a local REIA who swear by VCT.

Thoughts?

[Two Guys Take on Real Estate @2GuysTake]

Why is it that the appraisal almost 100% of the time comes in exactly at the agreed sale price? How is that possible?