Building Confidence to go from $219k to $4mm

Hey YouTube, this is Cody, and in today's video I'm going to be including a little snippet of a walkthrough on Christian's duplex because today we're talking about building confidence to buy bigger deals than you're buying right now. Now, if you've been watching the channel for a little bit, you've seen that Christian started out with a duplex, and he bought that about 9 months ago. Just recently, 2 months ago, he bought another duplex, and he's under contract to close a 38-unit apartment building with me in the next month. And it really came from building up confidence little by little. So the point of today's video, before we jump into that little segment at the duplex, is get started with your first deal. Michael Blank's Art of the First Deal. Get your first multifamily building, whether it's an apartment building, whether it's a duplex, triplex, fourplex, and you can be financially independent and financially free over the next 5 years. So check this out and let me know what you think in the comments below.

All right, we're here at my duplex at Moses Lake. We just finished renovations. First lease is getting signed today. We first bought this thing, it was a wreck. Roof was awful. This was all unpainted and beat up. Garages were falling apart. Interior had bugs, gross walls, disgusting floors, and we've gone ahead and converted it into all this. Originally renting for $650, we purchased for $219,000, spent about $50K in renovations, and we are getting $14K a side now. Uh, refinanced it all into bank debt, so mortgage payments are about $1,200 a month. Uh, we pretty much break even with one side rented. It's awesome. We're really happy with this one. This went, uh, this one pretty smoothly.