@rich.somers: His property went from $30k to $60k a year? #realestate #entrepreneur

Rich Somers
Rich Somers
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Region: US
Thursday 26 March 2026 20:50:13 GMT
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thelender1
The Lender :
You will pay capital gains when you sell that property so yeah it’s tax-free now but it’s not tax free later
2026-04-04 20:28:55
2
bluenilemiami
Blue Nile :
From $700 to $1000 won’t be doubled so can’t be from $30k to $60k then
2026-04-03 20:14:57
0
water21boy
7WAT£ERBO¥ :
Sorry MF upgraded some lights and up rent by $400
2026-03-27 21:36:32
108
dnarbelbon
Dnarb Elbon :
This is EXACTLY what is wrong with America. HOUSING shouldn’t be a for profit CORPORATION.
2026-05-12 21:28:27
4
dariuszborkowski47
dariuszborkowski47 :
Where do you buy 7unit building for 500k?
2026-04-04 03:36:42
27
ftfb_yukon
YUKON :
Now u have a new loan for 750k
2026-04-19 16:49:16
0
wise_as_serpents77
wise_as_serpents77 :
And you still owe the bank on that $250k. Forgot to mention that
2026-03-29 22:01:58
33
dieselcasa
dieselcasa :
It does not work this straight line or quick as described. It’s an incredible over simplification. And 6% is cap rate is very low for a traditional bank to lend 75% ltv. Just click bait
2026-05-19 00:37:25
0
intelligence_hub
IntelligenceHub :
now you have a new loan for 750k
2026-05-11 15:27:08
0
lilolboroboy
gabriel :
Doesn’t that mean now he has a 1 mill loan now?
2026-04-09 07:44:27
0
a_b9100
darkskin_society :
I so want to get in that business and find a good property to do that with
2026-03-31 13:17:13
0
drstathis
Victoria Stathis :
this is legit. Only I did it with one four unit properties because they qualify for family financing. You do have to live in the property though or have it as a second home. Usually a commercial loan has a prepay penalty
2026-04-12 12:07:04
1
wanderingwithb
Brandon aka B :
Who is this guy!?
2026-04-09 12:28:57
0
iamjavedmorgan
iamjavedmorgan :
Nice deal there
2026-05-14 22:50:58
0
jordan.oconnor59
Jordan O'Connor :
And this is why housing costs are so high and building more apartments will never drop the price of housing
2026-04-04 01:48:36
6
thernandez2114
user32470430621 :
EVERY 😂😂😂😂😂😂
2026-04-12 01:01:52
0
terrynewcomer
Terry Newcomer :
So you’re using the 250,000 .00 to start another Business?
2026-03-29 16:16:48
0
tobiaswhale86
tobiaswhale86 :
Isn’t the 250 still apart of the loan tho?
2026-03-27 22:41:02
1
thearvtool
The ARV Tool :
Nice!
2026-05-25 19:46:46
0
djshawnh
Shawn H6466 :
Math is not mathing
2026-03-31 05:28:48
0
d_rexy_the_t_rexy
D :
he also paid 500k for the loan....
2026-03-31 20:02:29
0
danial_ohwell
danial_ohwell :
Meanwhile, zero sympathy for the people having to pay the increase in housing cost?
2026-05-20 06:58:23
0
mikeharris2815
mikeharris2815 :
Stop blushing
2026-03-27 18:53:24
0
jamiealan2501
Jamie Alan :
Ummm where the hell is this in Gary or Detroit or Kentucky 🙄 or is this 1975 again
2026-04-07 18:21:29
2
lasho756
Lasho756 :
he kicked them og tenants out!!
2026-04-05 20:54:08
0
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