How I Bought MY FIRST HOUSE For $7200

How I Bought MY FIRST HOUSE For $7200


is it possible to buy a house for cheap yes there’s many ways in this video I’m gonna share with you one strategy that I use to start investing and in a way where you can get properties for pennies on the dollar I’m gonna explain to two ways in this video for you number one I’m gonna give you the strategy that I learned in a class that I paid for right I’m gonna give you the outline of the process at the end and in the second part I’m going to basically shout out the guy that I learned from Mike Wolfe and again I’m not in an affiliate marketing with him I’m not getting any money for sending you to him I’m just sending you to the man who taught me who is from Canada originally great investor knows a lot and I learned this specific strategy from him among others that he has to so you’re watching this video and you’re wondering how I bought a home for seventy two hundred dollars as my first house especially if you live in California like me you’re like dude that’s not even like 1% on a down payment for a pretty big or decent house around here right now it sounds fishy it sounds almost out of reach however this is a strategy that I learned originally from Mike Wolfe who I shot it out on the beginning as the course that I took so I want to outline how you can do it right then I’ll talk a little bit about Mike and what we did now if we go back home on Instagram I posted all my handles here at the beginning of every video you’ll see that about two and a half three years ago I went on a tour with Mike Wolfe and you can find a couple pictures on Instagram and Facebook of me touring with a couple other people I had met him through my real estate coach when I met him he was a big-time investor I think he had a portfolio of over 250 properties and the guy knew what he was doing when it came to investing at that time I was starting to make some pretty good money in real estate I was still kind of new but I had already kind of broken through that barrier and I said okay I want to start investing my money however I don’t want to buy a home in California have a five thousand dollar mortgage and then I can only rent it out for three thousand that doesn’t make any sense I want to invest somewhere where I feel safe yet at the same time I can get better returns on my money and when I met him he said hey dude I have a tour three-day tour it’s seven thousand dollars you learn everything just three strategies that I’ve learn in Houston Kansas City and Atlanta and then once you do the tour you can learn everything you can come to any future tour free of charges to pay for your travel in hotel and I’ll make sure that you know you’re taken care of so that was that right now what I learned was this specifically in Houston where I started right they have something called a tax deduction a tax deduction I’ve talked about this in another video I just wanted to make a specific one just to give you guys a little bit more detail and what happens is once this individual or this person who owns the house this couple whoever it is when they become delinquent with their taxes for a certain period I don’t know I think it’s two or three years or something like that don’t quote me on that now the government will threaten them right to take their home to auction the reason you get the property for so cheap is let’s say they’re delinquent or they’re behind three or four thousand dollars on taxes let’s say it’s four thousand dollars right when the time comes to put it up for auction the opening bid for the house is four thousand they don’t care if the house is worth fifty thousand a hundred thousand or a gazillion dollars that’s what they want they want the delinquent tax money that’s it so in essence if you were to go that day right and the day that I went actually the first experience that I had I was because you know they set it up have a bunch of sheriffs they’re on basically the city steps right there and they have a bunch of different windows and depending on where your property is you have to go to that designated like window or area where they’re standing right they have like a little booth at the time again if you even go back on my youtube you can see a video I did I think I was in a green shirt and I kind of walk you through it and what we went through and the guy starts opening in hey this property blah blah blah and the opening bid was I think eighteen eighteen hundred dollars and some younger woman and in the little group said okay eighteen hundred and then nobody else bid sold eighteen hundred and I was just sitting there I was like this lady just bought a property for $1,800 I know people who in a month will spend more on that on going to the club going to Vegas and as I dude this person just bought a property now you know I found out later that property was only worth about thirty thirty-five thousand dollars but still it even if she bought it for eighteen how to put even $10,000 in it to fix it up she’s still positive 20 grand now one thing you have to keep in mind is before I even continue there is something called a Redemption period where the owner can come back pay off the delinquent tax and then they get to get the property back now the cool thing is let’s say you paid $10,000 just for the sake of this example I’ll keep it an even numbers right let’s say you pay $10,000 four months later the owner comes back pays the taxes now you get a check back not for 10,000 but for 12,500 you just made a 25% return on an investment in six months and that’s guaranteed so what I either get the property or I get 25% there’s no in-between now if you go and you get outbid of course you lose that’s the cool part about doing the program with Mike which I’ll get into later is I can do it from the comfort of my home tell him what properties to bid on and then they sent Brian the representative to the auction and he only charges you if they win pretty pretty cool right so again you show up you big bubble block now beforehand right they they have a website where they show it’s public it’s public information where they show all the properties that are gonna go up for auction now typically what we do is we only look a night or two before because leading up to that point everyone’s been notified who’s delinquent in taxes that obviously they’re gonna auction their house so a lot of them a couple days before or a week before they start paying it off and now they’re home because until the last moment they can pay so even the night before or the morning of we’ve had some auctions canceled because the owner came and paid a delinquent tax amount literally at the last moment okay so we always check you know a night or two before or no more than like four or five days and what we can do with Mike is you sent his representative you pay him I think it’s like 20 bucks of property he’ll take pictures and video of the property so you can see I’m telling you I’m in California this is in Texas right they also have a world class property management team so they manage your properties for only 75 bucks a month alright and if you’re getting eight nine hundred dollars in rent which is the average there for some of these homes that you’ll get you’re paying less than 10% property management fee right but you know it’s taken care of and they’re great right I already have four properties out there and it’s going great now I don’t want to turn this into a pitch of his product because it’s not but I’m literally making you aware of it the reason I would push you to go to mica so you’ll explain the process and who plug you in to his system where now you know physically yourself have to go there to look at the properties and do all that stuff and then going bid he asked somebody there for you from A to Z everything is covered right and again I’m not getting any money for pushing him to you you can ask him there’s no affiliate link or anything all right and I’m very careful about who I promote because only one I promote legit people or collaborate with legit people legit people you know that so basically you bid you get the property boom if the redemption period passes the property’s yours they send you the grand Eid and you’re good to go now you own a piece of property in Houston Texas or somewhere in that that range in the county that you’ve got and cool now you’re officially a homeowner so if you’ve bought a property so 7200 for the first one I think my second one was twelve thousand four hundred my third one was eleven thousand eight hundred and my last one that I bought was like 16 grand but that property the fair market value of it is over I think it’s like 110 or 120 grand so again I’m getting properties for pennies on the dollar okay the strategy is very simple you can do all your research now find it I’m just making you aware of it it’s the first Tuesday of every month they have these auctions you can do this in any County right I know LA has a – over here in California there’s a bunch of places that have it all right I’m just bringing it to your attention and if you can get a property for eighteen hundred or seven or ten or even 15,000 dollars and you own it outright and one thing you have to remember – ladies and gentlemen let’s say you want to fix and flip it well if you buy it and it’s still a teardown for let’s say five grand you wait – six months now you have a property that’s worth 50 grand and you sell it that’s a pretty hefty profit even after paying any taxes or anything like that alright so now you can fix and flip gate some capital then you can buy and hold which is what I do I don’t fix it flip I just buy them hold them and I rent them out that’s what buy-and-hold means it means you hold the property and you rent it out to a tenant I’m cash flowing about roughly about three thousand a month off those four properties – expenses and all that stuff which is pretty cool that’s just money deposited into my account every month so now you’re getting something that the moment you own it you’re already positive there’s really no negative to it now people will say what’s risky to you know invest an estate and all that well he has a world class property management to him Tony Mike is the guy I’ll link his uh his Facebook in the description so you guys can go message him you can tell him I sent you but again because I can give you any discounts this is no affiliate thing this is just for you guys to learn from him now if you don’t want to pain you want to do it on your own I just basically gave you the process right again everything is public information what they’re gonna option is public information the first Tuesday of every month you show up the only thing you have to do is your homework and make sure that the property that you’re buying because you’re not gonna be able to go into it the property that you’re buying you know is it destroyed is it gonna require a lot of money and something that actually makes sense that might be in a good neighborhood and all the other best practices you follow if you invest right which you can find on YouTube completely for freedom but that’s the story of how I did it I originally went to the auction not wanting a bid but when I saw that chick bid I kind of frantically said okay I’m coming to the next one and the next one is when I’ve been and I got my first property now remember you may get outbid I know people who have been going you still haven’t gotten a property I’ve had to outbid some other people too so it’s not a guarantee yeah there’s a lot of risk but just like anything else but the way I see it is this is a win-win right you get a property or you know if you don’t and they redeem it you get 25 percent on top of it so what is there to lose really now there’s a ton of strategies out there right Mike taught us more that’s just one in particular that I think is the best bang for your buck and if you’re somebody who’s new who doesn’t want to throw around too much money it’s a great investment opportunity for you okay like I said all that stuff is public information you can look it up right this is again this is in Houston so you can just look it up and I think I forget the city website right I have it in the little notebook that he gave me maybe I’ll post it later in the description once I have it but I’ll end up with this make sure that you guys comment below maybe some investing strategies that you’ve learned or what you’re doing if you own any investment properties and kind of what you think about this again I’ve been using the strategy I think it’s great I would prefer to invest out of state in here in California just because my money goes a lot longer and that’s just it seems to be something that I’m doing that I really enjoy you know my next step is probably gonna be to buy some multi-unit somewhere Midwest I’ve even been looking like Arkansas in that area because they’re pretty cheap like a good bang for my buck and it just makes sense all right cool again don’t forget to comment below make sure you like the video share subscribe and I’ll see you on the next one

79 thoughts on “How I Bought MY FIRST HOUSE For $7200

  1. Ay what up bro

  2. THANKS I WILL CHECK OUT HIS PROGRAM I GOT 20K TO INVEST RIGHT NOW

  3. You really love that shirt when you're chillen 😂 I have the exact same one always see you wearing it

  4. 3 grand a month is great passive income I am at 1400 a month with merchant processing bro thank you so much I nust found out about you in November and since then you made me 12000 with the Santa hat idea in Christmas I was not going to knock that week glad I did

  5. 🤩Please make more videos on this subject or any investment opportunity that’s in your mind. We appreciate it. This is a great place to start especially if you don’t have a lot of capital. Thank you BC.

  6. Boom

  7. Bryan! Really great information… I'm going to make a good amount of money this year in Real Estate and working another job. Will definitely look to invest my money in properties especially if I could get them for pennies on the dollar!

    Thank you!!!

  8. I am so excited about building passive income for my husband and I. He is in the military, I am currently in my licensing classes and plan to as a team change our family legacies. Passive income is something I plan on getting my parents involved in and siblings.

  9. Love it! I would invest where I live though because there’s so many cheap properties here in Maryland. This is awesome, I’m in the market for my 1st multifamily now and I totally forgot about auctions

  10. Brian is so smart and good at explaining things

  11. I’ve gone to a few already in Illinois. Haven’t bought one yet, but went just to see how it works when I decide to buy one. One guy I know who told me about it bought a huge building and did a whole bunch of work in it. Now he has multiple tenants and turned it into a huge apartment complex. Great money, but always a risk like you said if you don’t do your homework!

  12. Great video, very informative

  13. Love this. Arizona is having theirs next month as the only time of the year. Wanna partner Bryan? 😉

  14. Do you have a property manager for your other properties that you rent out?

  15. I need to find out where this happens in my county! I want to flip!

  16. I'm from Houston and for the past few years I've seen you grow,huge inspiration to me and a lot of friends. Thank you for all your content!
    Any quick tips for beginners going into real estate?

  17. What happens if they have loans and stuff on the property?

  18. I have invested in a few semi trucks, currently in the process of purchasing my third one, and each truck has been giving me about 10k a month return after expenses

  19. Another great vid brother, in St Louis we have one every year in august. Hopefully picking up a property hear its a 1 year grace period and only 10% don't quote me on that though. Whats your thoughts on post third sales? All shit or some dimes in the rough?

  20. This is a great video!!! Something i'll definitely be looking into when I have enough cash to buy and either flip or renovate and rent them out. Great Video Bryan, a lot of great things on this channel that most realtors don't do.

  21. I live in Alaska and we have no tax lien certificate, just zero interest tax deeds with one year redemption period.

  22. How did you like h town? Been watching a lot of your videos, I got Kevins book and trying to get expireds.

  23. Nice video! I can do that for you guys in New York, NY. Anybody want to bid in Manhattan. I'll probably go down there to check it out too. eMail me if you want me to send you some pictures: [email protected]

  24. BC been watching your videos for awhile now, always informative and motivating! Keep up the excellent work. I am a Real Estate Broker in GA and I have attended a few tax deed auctions now but haven't been lucky enough to purchase anything yet. Certainly going to be keeping my eye out. Happy to see you sharing info like this on your channel.

  25. How do you manage your properties that are out of state?

  26. I thought you needed to live in TX for 2 years before getting property here. Does anyone have info on that?

  27. Real estate is BY FAR the best way to build wealth in my opinion. It is a physical investment that you can see and touch and is one of if not the best way that you can leverage your money. Period. Defnitely will be speaking with Mike!

  28. Awesome videos man. Thanks for the help

  29. Brian, what states you like to buy tax deeds in? I’m thinking about buying some soon. It’s just there are so many states and every state has different rules and redemption periods etc.

  30. You inspire me every day to push my boundaries in the business brother. Thank you for the content 2018 is gonna be a great year! 🏡🔥

  31. Thank you.

  32. thanks for the info… very inspiring!

  33. Thank you for this information BC I’ve been following you and your vids, great information that has encouragem me more to start my Real Estate career soon, just waiting to finish some personal process and will make this dream a reality. Would you do more videos and invite other professionals on this fielss to learn more about investing? and Thank you for taking the time to provide and teach us how to grow in this field. Blessings 🙏🏼

  34. Baller

  35. Bryan, what happens if their is a mortgage payment for the property during the redemption period are you responsible for those payments? If so then what happens to all the payments you've made on the property once the original owners pay off their taxes and take back the property?

  36. Awesome channel you got here man. Keep up the great content

  37. You’re always dropping jewels!

  38. Tax Lien Investing baby, undervalued way to get a nice roi on your money and build wealth. Great video.

  39. Who the fuck down voted this video? Lol

  40. Sshhhhhh!!!! 😂😂

  41. Wow! Thank you for your information!! May God bless you🙏🏻

  42. wow, i did not know

  43. GREAT video brother. Mike's website is currently down for maitenence 🙁 His program with him checking out the homes, and providing prop managers is amazing.

  44. Much love ugh 😍❤️

  45. This guy is real,

  46. Can I get the link to the website to Houston’s Auction etc. looking to invest and learn

  47. thank you so much

  48. So you say that if I have around 50-100k and I'm lucky enough I can buy from 1 to 10 properties?

  49. What happens to the lien when you purchase a tax deed in California? For example, If you purchase a tax deed in CA for $30k, but there’s a $400k Mortgage still owed to Wells Fargo, how will that affect you if you win the tax deed at the auction? Thank you for your reply Bryan, I look forward to it!

  50. Hey Bryan does this work in other countries? I live in Sweden.

  51. The universe gives to the givers thanks brother

  52. What happened to all the properties you owned?

  53. Im on a binge watching your great content. Keep it coming!

  54. So, do I owe the remaining mortgage of the house we buy at auction?

  55. Dude help me out i want to be like you bro

  56. link missing

  57. Do you need a certificate or real estate license to buy at auctions?

  58. That's awesome! This is what I dream of doing eventually. I cant wait until I have the knowledge and capital to achieve this.

    I have two questions though. How long do you have to own the house before the previous owner can no longer buy back the house?

    And if you invest money in the house and the owner buys the house back do they have go reinburse you?
    So say you buy a house for 16,000 and then add 10,000 to make it rentable but the owner buys it back. Do they have to pay the price you bought it for as well as what you invested? Or is it a loss?

    Thanks man your videos are very informative and priceless. You cant put a price on knowledge.

  59. Damm definitely gonna invest money in this when I make my first 20k

  60. Hey very interested in this process! This is a great video. I am current'y investing here in the Bay Area up north from you, but like you I don't want to pay $5,000 a month mortgage to get back $3-3,500 a month in rent!

  61. I am 20 years old and will be receiving money soon is there any other tips you can give me

  62. This is what I'm taking about.

  63. what do you do if you win a property that has a busted foundation???

  64. Im actually located in canada and I really want to do this… the area I live in is one of the most expensive places to live in canada so hard to come by anything that cheap. Any tips how i could still do this?

  65. Hey bryan could you elaborate more on this subject, like how the expenses come into play? what are the toughest challenges you've encountered while owning these property's? How do liens and judgement's come into play? Also what if the people are still paying off the house when you purchase them? I appreciate any feedback and thanks again for your videos man, you've inspired me to take a sales associate course to pursue my license down here in Florida, so i can make extra income to invest on the side for a similar gig like this!

  66. How much total would you estimate of how much you should have to start? Calculating the price you buy the house and the course?

  67. Thanks Bryan for sharing that valuable information on Tax Deed properties!! Your video help me to make the decision to invest in tax deed properties. As soon as I save up the money to do it I will! You are awesome!!!

  68. How to begin! Any advice anyone? I got 2k

  69. Hello, on what place are homes starting bid that low? I have actually been looking for homes cheap and can't find a single home for less than 20k. And even at that starting bids start at 20k-140k so only big time buyers get the good homes. Im located in houston.

  70. Man I love your content I’ve been following you for years and watched some of your door to door tips back when I was a door to door salesman, now I’m wanting to push my efforts of salesmanship to real estate, but I also want to say thanks for dedicating your time and being an actual no b.s online mentor, what you do is so aspiring I think you deserve as much credit as possible man! So thanks again I’ll continue avidly listening to you!

  71. Hey Bryan, I’m an investor in Los Angeles. California from Tax Deed Sales. I buy and sell vacant lands working my way up to homes. My company name and website is propertyproviders.com

    I’m also getting my agent license this month. I’d be happy to take you out for lunch sometime if you’d be open to spending 30 minutes out of a day to share information and tips!

  72. What happens to the original mortgage loan on the house? I understand u get the deed or interest back…but what happens to the original loan on the house?

  73. wow someone looks nice

  74. Wow. I will seriously have to start looking into tax deed auctions in NM.

  75. This guy is slumloard. Fucking duchbag

  76. 1 year ago. 5 yrs later. I am rich! Bought a house on quick claim..winner winner.

  77. Life changing information bro, Thank You!

  78. Folks is not as easy as he makes it sound. I have been to many tax deed auction and almost never do you get the property for just the delinquent taxes. Most jurisdictions start the bidding at the fair market value or just under meaning you end up paying closer to the fair market value then you will just the delinquent taxes. And that's not to mention if you have people competing against you for the property driving the auction price of even more. He's also interchanging tax deed states with tax lien certificate States. Most tax lien certificate states allow the owner to redeem the property in which your initial investment is returned back to you. In a tax deed state there is a Redemption. But that is up to the time of the auction after that the person cannot come and redeem the property. Now maybe only in the Houston area where he lives buying houses for just the back taxes may take place. But do not simply believe that it is easy as he makes it sounds because in Most states you simply cannot just buy a house that cheap based the back taxes because the jurisdiction knows the homes are worth more. If it were that easy everyone would be doing it.

  79. I invest in tax deed too.. Houston is a tax redeemable deed state and I know that 95% of the properties redeem, what is your secret to increase chances that it wont get reedemed?
    Getting 2 houses that didnt reedem out of 3 is crazy.

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