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About this episode:
In this episode, real estate expert Thach shares the ultimate guide for beginners in real estate investing. He emphasizes the importance of having a clear roadmap to wealth and understanding the end game. Thach also discusses the best types of properties to buy and the ideal locations for cash flow. He provides a real-life example of a student who bought her first property with little money down and achieved positive cash flow. This episode is packed with practical advice for anyone looking to enter the world of real estate investing.

SPRINGBOARD TO WEALTH FUNDING: https://www.sbtwfunding.com/

Start your real estate investing journey with mentorship from me and my team: https://learn.springboardtowealth.com...

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Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.

Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.

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Timestamps:
0:00:00 - Introduction to the ultimate real estate investing guide for beginners
0:00:19 - Importance of having a roadmap and knowing the end goal
0:01:19 - Understanding the meaning of freedom, option, and wealth
0:02:27 - Personal motivations for achieving financial freedom
0:05:03 - Calculating the number of properties needed to generate desired passive income
0:07:34 - Choosing the right location and property type
0:09:12 - Real-life example of a first-time investor in Boston
0:10:10 - Importance of building relationships with realtors, bankers, wholesalers, and other investors to find off-market deals
0:11:01 - Example
0:12:07 - Comparison of the monthly cash flow with a 5% down payment versus a 10% down payment
0:12:59 - How the investor made $1,000 per month in positive cash flow
0:13:58 - Discussion of the investor's future plans to raise rents, refinance the property, and start wholesaling
0:14:56 - Goal of the investor to reach $10,000 per month in passive income through real estate investments
0:14:56 - Conclusion and encouragement for viewers to follow the same strategy