MMM Edition: How a $33K “Mistake” Turned Into Purchasing a 42-Unit at an Online Auction with Giang Nguyen

A $33,000 foreclosure, a tree through the foundation, and a scientist who had never hired a contractor—Giang's origin story doesn’t sound like a straight line to financial freedom. Yet that messy first project sparked a shift to five-plus unit multifamily, where income drives value and disciplined operators can force appreciation. We walk through how she left a decade-long lab career, built cash flow to quit her W-2, and learned to turn fear into focused action.

We go deep on the difference between two-to-four-unit “comp land” and five-plus-unit commercial where NOI rules. Yang explains why the five-to-ten-unit range is a sweet spot: overlooked by beginners, too small for institutions, and perfect for applying business fundamentals. She shares the biggest mistake that cost her money—buying a “cheap” single-family that triggered new-build codes—and the lessons that followed: cheap isn’t good, stay in your lane, and let operations set your upside.

The standout story is a 42-unit purchase via an online foreclosure auction. With hard money at risk and a 35-day close, Yang set strict bid limits, underwrote with margin, and lined up property management and lenders before clicking “bid.” The result: a rapid stabilization, full-unit renovations, rent resets, and refis that more than doubled the valuation in under two years. Along the way, we break down the triangle of scale—deals, money, people—and how to build teams through referrals, mini-masterminds, and a rockstar PM who unlocks contractors, lenders, and on-the-ground reality.

We also cover out-of-state investing systems, choosing markets by cap rates, direct flights, and your personal “you factor” that creates an edge. Finally, Yang opens the door to passive investing through One River Capital for listeners who believe in real estate but don’t want to wrestle with dumpsters, permits, or contractor roulette. If you want to control value, reduce guesswork, and build freedom with multifamily, this conversation gives you the strategies, mindset, and playbook to start moving today. Subscribe, share this with a friend who needs a nudge, and leave a review with your biggest takeaway.

VCap Real Estate Podcast

Transcript

Welcome And Guest Intro

SPEAKER_01 0:13

Welcome to the VCAP Real Estate Podcast. We talk about building physical empires. Learn from industry experts about all aspects of the business of real estate. You'll learn how to buy, renovate, manage, and sell deals when people actually do it every day. People who build their fortune doing this. I'm your host, Paul Farrell. Let's talk.

Yang’s Journey From Scientist To Investor

SPEAKER_01 0:43

So tonight we're going to have a great interview with Yang. She has her own portfolio. Where is your portfolio based? Forgot to ask.

SPEAKER_00 0:51

A lot of my properties right now are based in Reading, PA, so about an hour from here. Some in Philly, and also I have a syndication in Ohio.

SPEAKER_01 1:00

Okay, we're gonna get into all that. So you have achieved financial freedom at a very young age, which I'd love to go into. And you're the founder and owner of One River Capital. So with that being said, tell us about you. Give us some backstory.

SPEAKER_00 1:12

Awesome. Hi everyone. Thank you so much for being here. My name is Yang. I grew up in Vietnam, came over here for college. I worked at the Children's Hospital of Philadelphia for almost 10 years as a scientist. I started investing in real estate in 2015, starting out with just a house hack. That was a complete gut job. I didn't know what I was doing. I was YouTubing, Googling, crying a lot. I was doing a lump, but that kind of helped propel me, kind of jumpstart the construction journey. From there, I got into multifamily because I wanted the cash flow. I got to learn about how cash flow can help replace your active income and kind of build that financial freedom dream. So I start completely pivot into multifamily and specifically in five unit plus multifamily. Can chat more about why it's my favorite type of asset class. That actually helped replace my income. So then I quit my W 2 two years ago, actually. Two, yeah, two years ago. And so now become become full-time dressing investor. Um I do now large multifamily providing opportunity for people to invest in large multifamily for passive income. I still have my personal portfolio and I'm still scaling my personal portfolio.

SPEAKER_01 2:31

That's amazing. All right, there's so much to unpack there. So I want to dial all the way back to the beginning.

SPEAKER_00 2:35

Okay.

SPEAKER_01 2:36

Why real estate? Like what was the spark? Where did you learn about this?

SPEAKER_00 2:39

Oh, yeah, great question. So I so I share that I grew up in Vietnam, right? Real estate back home is very different from real estate here. I did not know anything about real estate. I didn't even know mortgage existed. I know you can borrow money to invest in real estate. So a lot of that um I had to learn through bigger pocket. That's where I kind of got jumpstart with learning more about financial freedom, passive income.

The $33K Gut Rehab And Early Lessons

SPEAKER_00 3:06

Um, so I once I graduated from college, I was renting and there was a foreclosure that popped up about four blocks from where I was living at that point. Um, this was in Philly. At that point, the place was 33,000. Um, I had saved up uh some cash from my W 2. Uh, this place was complete gut job, you guys. There was no electricity, no water, no HVAC. In fact, there was a tree that was two-story tall growing into a foundation wall. So first project out of the gate, and we had MakeSafe permit. Uh, we were pouring uh foundation, we were pouring the basement through this little chute, through a little small window. Um, a lot of things that I didn't know how to do, and I didn't have a community like this to help support me to help answer my question. I was looking for contractors through Cracklist. So if you don't know this by now, don't find contractor through cracklist and don't go with the lowest bid.

SPEAKER_01 4:09

Who's still doing it? Who can hire contractors through Craigslist?

SPEAKER_00 4:12

Don't do that. But that was how I got kind of jump-started. Um, we borrowed that property, refinance, put a lot of squat equity into it, refinance, pull that cash out, and then move on to more multifamily projects. But that was something I learned a lot from that, right? Is uh one, I can figure out a lot of different things. We were dumping trash through a U-Haul, which also I don't recommend. But at that point, I didn't know dump truck exists. So we were just putting trash in trash bag and putting in the U-Haul and then going to the dump to take that trash out. So a lot when I say sweat equity, a lot of sweat sweat equity went into that place. Um, but I learned I can figure out a lot of them things. Um, I learned that things are a lot easier when you have a community like this to support you, to tell you that don't find contractor through cracklist, things like that. Um, but that definitely also helped me learn a lot about construction, um, and that helped propel a lot of different projects down the road.

SPEAKER_01 5:08

That's amazing. It's funny because I can relate to that when I did my first uh project. I didn't have anybody around me that did construction. So I'd like to Home Depot and I'd like to ask the guys there, like, how do you do this? And they're like, they're useless. Like if anyone goes to Home Depot, they're not helpful. And everyone was like, just ask the Home Depot guy. So I get it. Um, so there's a lot of challenges there, and I want to dive into those, but going through that first project, which is a full gut, that is so mentally taxing. And so, how did you not like cave in that? Like, what kept you going? And like, how did you use that to propel you?

SPEAKER_00 5:38

Yeah, great question. Um, at that point, I didn't know anything. Because I didn't know anything, I wasn't scared of anything, right? Because how do you scare? Because I don't know how hard it was gonna be until I got there. Um, so at that point, I think because we were first property, um, I was just grateful to have a property to be able to work on a property. And so at that point, what I thought was helpful

Beating Fear With Action And Fundamentals

SPEAKER_00 6:04

and I still find it helpful today was instead of getting to an um paralysis analysis, right? It was just like, okay, we need to take this trash out. Google, how do I get the trash out? How do I save money doing it? Right. At that point, we found that some people actually need clean fill to level up their yard. So instead of actually paying to dump the clean fill, we can actually bring it to some people who actually need a clean fill so that how we kind of save in our cost. Um, but at that point, because I didn't know anything, I just run into an issue, Google, cry, figure it out, but then move on to the next one, right? So that actually helped me grow really quickly because instead of having to like, oh, I don't know how to do this, I just Google how to do it and learn how to do that. Um, and that actually helped us a lot during our 42-unit purchase through an online foreclosure auction. Oh my gosh. Similar concept of just like, okay, here's is where I get into a roadblock. Now Google asks people, now I have community I can ask, and then that actually helped me grow really quickly instead of read more books.

SPEAKER_01 7:12

I love that. And what's cool there is I think you mentioned about like the fear aspect or the lack of fear because you didn't know. And I feel like a lot of us get caught, and I know because I talked to all the people in this room, and they it it's getting caught in that like what if. So if you can just block that fear out and just go, I'm just gonna figure this out, you do. You do every single time. And so it's like just get rid of that.

SPEAKER_00 7:30

Yeah. Um and I also want to share one quickly. I think the reason why, even though the project turned out successful, right? Because the fundamentals was there. So even though at that point, I I didn't know, I didn't actually really know how to run numbers, right? I didn't know how to do a burr, I didn't know what rate whose lender to talk to, all this stuff, right? But at that point, I was living four blocks from where I was living. I knew the area, it was opposite from the school, it was in a growing area. So all of those fundamentals, the location, the hard thing to change was there. And that's why I think even when we don't know enough to like start a project, right? If you just make sure the fundamentals are there, the projects will be successful.

SPEAKER_01 8:12

That's so good. That's absolutely so good. So you talked about some of the challenges with that. Yeah tell me about as you progress through your career, some of these newer

Scaling Challenges: Deals, Money, People

SPEAKER_01 8:20

properties and some of the bigger projects, what's our what were some other challenges kind of building the portfolio?

SPEAKER_00 8:25

Um so whether you're for me, whether you're starting out or whether you're scaling, right? I think there's always this like triangle that you're trying to solve. And it's always deals, money, and people. So if you imagine this triangle, you're always troubleshooting one of these points in order to start or to scale. So for me, right, it's always just figuring out like, okay, I have a project now. How do I find money, right? And it's either you go find your own money or you find people who know how to find money, right? Same thing with contractors or property management company, right? Either you go do it yourself or find people who can be a part of your team and do that. So I think constantly as I'm scaling, it's just troubleshooting some of these things. Um for me, um I I specifically wanted to find property with cash flow because I wanted to replace my income.

Why Five-Plus Units Change The Game

SPEAKER_00 9:21

And so that wise led me to the multifamily, specifically the five plus size. Um, because that really helped me with the cash flow and burr wealth.

SPEAKER_01 9:29

I love that. So let's dig into that. For people here that are just starting out, they might go, why do you keep saying five plus? Yeah. And you mentioned earlier that that's your favorite, that that's why you like running. And I'm similar, but I want to hear from you. So what's the difference?

SPEAKER_00 9:41

Yeah, great question. So if you're investing multifamily, you have two to four, which is often considered a residential multifamily. In a two to four unit size, the value of your property kind of depends on how the guy or the gal down the street sell their property, right? It depends on the comparable on the market. Um, when you get to five and above, it's called it's considered commercial multifamily, and the value is determined by the income or the net operating income. So when it when the value is determined by the income, you have so much more control over it. I was running into issue with doing two to four, is that not a lot of people actually fix up two to four units nicely and then go and sell it. So it was so hard to find comp to be able to do a cash out refi and be able to get my cash back. Now, when you go to five plus, you have so much more control over it because if you increase income or decrease expense, you increase the NOI and that's actually help you increase the value. So I find that's the sweet spot. Um, if you don't be scared of it. I think that's a sweet spot because a lot of people who starting out, they kind of avoid the five plus unit. And a lot of large investors also don't touch the five plus unit because it's too small. So I find it's kind of the sweet spot to play in. Um, you can control the value if you um renovate the units, put in new tenants, increase the rent, and now you can actually increase the value of the building that way. Um, so I find it's more running like like running a business versus be able to, depending on how the market is operating, so to speak.

SPEAKER_01 11:20

I love that. I think a lot of this caters towards like what's your your inherent personality type. Like some people are excellent at flipping and that's what they should do. And it kind of is more, I won't say art-based, but there's like a different style running it. And then when you kind of go into like the commercial or the profitability side, it's like running a business, it's very numbers-based. So I think it's important to kind of evaluate what do you like and what are you good at and cater towards that. Um, because I'm very much like you, I'm very by the numbers and I like having the control, and it just makes a world of difference when you kind of feel that.

SPEAKER_00 11:47

Yeah, and I think the five unit size is large enough, right? That new investors don't really touch, but it's still small enough that, like, let's say if you have a property managed company who manages your two to four, they can take your five, eight, ten units, and that will still be perfectly fine. When it gets larger to the 40, 50, 60 units, there's a bit more nonsense to the managing side of things, but I think that's like a really good place to lay in.

SPEAKER_01 12:14

I love that. So throughout your whole journey so far, yeah. Biggest mistake, biggest success.

SPEAKER_00 12:20

Hmm.

Biggest Mistake: Cheap House, Costly Lesson

SPEAKER_00 12:21

Uh, biggest mistake. I would say um I lost money on this single family that I purchased, and I'll tell you my lesson learned from there. Um, at that point, the only thing I've been doing is buy and hold and multifamily. That's a single family that I the single family that pop up and it was 26,000. So my head, I'm like, 26,000. How can you lose, right? Like you're just gonna buy something for 26,000. Like that sounds like a great deal. Well, this property is um half of it is actually completely gone. So now instead of just being a renovation, it's a half new build. And then now because uh and Philly is a little funky, but because the windows is most of the windows are already gone, in order to put a new window, it's now considered going to a new build, and now I have to actually follow the rule of the new build. Um, so that was not a good idea to buy, even though it was a cheap property, right? So a couple of things I learned from there. One, just because it's cheap doesn't mean it's a good deal. Two, I learned to what you said, right? Stay in my land and learn about what I would be good at, right? I was not good at construction specifically new built. I was good at complete rehab, but not new built. I was actually not good at flipping because I've never flipped before. So the ARV is for the BERR is very different because you can for Burr, right, you just re-fi. So the ARV get the comm get pulled from just based on like mileage, like right, just within the 0.5 mile. When you actually flip, it's kind of more into the homeowner preference of the block. So now, yes, even though there's comms supporting if that block is not good, the homeowner is not gonna pay that price. So that is something also learning is once they in my land and specifically, you know, what I was good at. So I lost money in that deal, learned those two lessons there. Um, and then I kind of you know pivot from there. So I would say that would be like one of the biggest lessons learned. Um I would say a biggest win that we got. Um, we closed on a 42 unit through an online foreclosure

42-Unit Auction Playbook And Refis

SPEAKER_00 14:38

auction um in Reading about two years ago. Um, and I was really proud of that deal. Um, one, it was an online foreclosure auction, which I've never done before.

SPEAKER_01 14:48

Yeah, wait, all right, just go into that. We got to tap into it. So tell us about the whole process.

SPEAKER_00 14:52

Oh, it was a it's not for the fan of heart. Um so this was through Crexy. Um you can see like there's rebuildings at bank or take back, and they will put in Crexy or 10X for an online uh foreclosure auction.

SPEAKER_01 15:08

Same thing as 10x then?

SPEAKER_00 15:09

Yeah, yeah. So typically the requirement to participate in this online foreclosure auction is that you have to show that you have cash in the bank. Because instead of you know, like syndication, sometimes you would have 65, 70 something days to close. For these online foreclosure auction, you have to close in 35 days. There is no true due diligence period when you can go take a look at the property and maybe back out, negotiate. Within 24 hours of winning the bid, you have to put 10% of money down and it went hard day one, meaning it's it's non-refundable day one. So the bidding or process online is so very different. It's like one click and suddenly the price went up 200k, another click, and the price just keep going up. And then there's a clock counting down. Just imagine if you do any auction, but now you've got a four building and you're like emotion run high and you don't want to overbid. There's like a lot of things.

SPEAKER_01 16:06

Like eBay on steroids, like yeah.

SPEAKER_00 16:08

When we're purchased this, our private manager actually put that slot that website on their TV and we were all watching it like sports. Oh my gosh. We're all like, is that you? Is that me? Like, who is that? So it's it's very um emotionally uh I gotta say there's an emotional high to it, but it's so very scary, right? Yeah, so it whenever you practice in an auction, you have to one underwrite very carefully, underwrite with a lot of room for error. But you what I did is I kind of set like a soft limit and I set like a hard limit. Like you know that once you get to that price, that price is not getting going further. Um, because like I said, the emotion can run high, and before you know it, you might be overbidding yourself. Um, and before you bid, you have to put money down, and that money is non-refundable if you end up winning the bid and you don't go through with it. So there's a lot of uh potential benefit, right? So we purchased this property for 2.7 million, and out of the gate, it was appraised for 3.9 as is. Wow. So we went in with 1.2 million, and we just appraised it again less than two years later, and it was 7.4.

SPEAKER_01 17:21

Oh my gosh.

SPEAKER_00 17:22

So it was a slam dunk deal. A lot of work went into that place. Um, but we were able to rehab all 42 units and put new tenants in. We just went through the first round of lease renewal and we could still increase the rent. So great property. Lots of sweat, blood, and tears go into that property for sure. But I would say that's the biggest win. We won the bid, uh, close that property, raised capital, and close everything in 35 days. Wow. And then uh yeah, rehab everything and re-fire it out.

SPEAKER_01 17:54

That is such a cool story. And it's neat because I feel like a lot of people like I always would get the 10X things in the mail. I'm like, that sounds great, but you're sketchy or you just don't know. So it's cool to hear like a success story that you made a huge success deal on that, and it's a real thing. So that's awesome. So let me segue that into

One River Capital And Passive Investing

SPEAKER_01 18:10

your company. So One River, what is that? What's the vision? Where is it now? Like, tell me about it.

SPEAKER_00 18:14

Yeah, it's a great question. Um, so when I when I was working as a scientist and I shared, you know, here and there with coworker that, like, hey, I'm in real estate, this has happened. Um, what I came across, right, is a lot of people who have a W2 or who have money, they most people believe in the power of real estate. Um, it sounds sexy, right? Most people believe in it. The hard thing about it is most people don't have the time. Um, most people don't have the patience or even the stomach to do this like learning curve for real estate, right? As all you guys know. Um, so when I was sharing that with people, uh what it came out is like, hey, you could actually invest with people, active operators who spend the time, who have the knowledge, who have the patience to kind of learn a lot of these over the years, right? So you can actually, which is kind of cool, you can use somebody else's time, experience, and still make money in real estate, and you don't have to go through all this, you know, me getting contractor through crackless. You don't have to do that yourself. So um that's where the vision for One River Capital came from. It's just like, hey, just want to help people who want to invest in real estate, but don't want to spend the time or have the experience to do that. They just want to spend time with their family, they want to spend time doing what they want, right? That's ultimately why we invest in real estate for. Um, I left my W22 personally. Um, I wanted, uh I actually wanted to become a doctor for a while. And then my uh my parents are now here, and what I realized is that my parents are getting older than I want to admit. And instead of spending that 10 years in medical school and not there to spend time with them, I wanted to be able to spend time with my parents while I still can. So that actually propelled me a lot for to create one river capital, help other people create passive income and create that financial freedom.

SPEAKER_01 20:14

I love that. It's neat to hear like the drive because I feel like all of us here get into real estate for some kind of reason. And usually it's just that time freedom.

SPEAKER_00 20:20

Yeah.

SPEAKER_01 20:20

So love that. Whether it's building your own portfolio or whether it's investing in something like that where someone does it for you, either way is a win.

SPEAKER_00 20:27

Yeah.

SPEAKER_01 20:28

Cool. So one last question before we transition into the next section.

Building Teams And Finding Rockstars

SPEAKER_01 20:31

But building your portfolio from the beginning to where you are now, it requires building a team. So talk to me about kind of what works for building a team. Some things that people here that are just starting to build teams should take into account.

SPEAKER_00 20:43

Yeah. Um, building a team is certainly has been important to help me grow, right? At some point, um, you're gonna run out of time, you'll be running out of money, you'll be running out of your knowledge, right? And I what I say that's cool about real estate, especially when you do larger projects, is that there's enough room for everybody to win. So there's enough room to bring people in where you can leverage people's time, money, experience, right? I was just talking to Justin earlier about how like property management company is like a key piece for us because they do all the hard work that, you know, day-to-day management. Yeah. Um, what I find has been helpful in building teams, the first one is I definitely take it a bit slower, right? Um before we partner up with other people, um, we actually kind of we did like a mini mastermind, kind of getting to know each other. So we jump on the call on a monthly basis, just share like, hey, this is what we're doing, this is what we're running into, this is what our wins. So those monthly, like that mini mastermind before we partner with each other actually help us understand what's each other's strength is and see if there's any um potential to work there. So I would say kind of get to know your partners or your team member a bit outside of before you consider partnering with them or hiring them. Um so I say that would be the first week that worked for us. Um, the second piece is referral. Um, I always say, you know, rock star, no rock star, right? So you always want to, if you have somebody that's been working well for you, ask them for referral from other people. Um, and that has been my favorite way of getting to know a team member. So I went to Facebook, find this group, and just asked, like, hey, could you uh give me a referral for somebody, right? Typically, the first referral I try to get is property management company. Um, that typically is the piece that is not really the limiting factor for most people. Um so most people are if they have a great property management company, they are really willing to share that. And then your property management company will be your um kind of that person that can know, give you contractor, give you realtor, give you lenders. Yeah, um, a lot of those can come from your PM. And that's exactly what I did when I was in Reading. I asked investors for PM, and then from the PM I asked for lenders, um contractors, and all other pieces.

SPEAKER_01 23:12

I love that's

Investing Out Of State And Market Picks

SPEAKER_01 23:13

why I lied. I have one more question for you. So you're in several different markets. How do you manage different markets? And I know it's a loaded question, but how do you pick them? Kind of just talk to me about faraway markets and managing all that.

SPEAKER_00 23:24

Yeah, great question. Um I am in different markets, and I actually found it easier to invest further away than to invest locally. Uh, when I first start investing locally, because it's right there, even though I don't have a car, I'm gonna try to go out and like look at the property, check on contractor, be in the way, not really helpful. Um, when I learn to invest further away, right? And when I start investing in vetting, like I said, I don't have a car. So I can't really go out there and look at the property before we purchase it. Um, but what was helpful is to have a good property management company in place so that they actually walk the property, they give me the number, they give me videos, and here I'm just running numbers, talking to lenders, and kind of manage it from afar. So it was a lot easier for me to scale. Um, so I personally like invest further away when you have a good team in place. Um, in order how I pick the market, um, I think different markets serve different purposes. Um, Grettding for me is a good cash flow market. It's much higher cap rate than Allentown and Philly. So for me, that is a good cash flow market. Um, I also invest in Ohio and Texas. Those are kind of a mix of both cash flow and appreciation. Um, similarly, once you have a good team in place, I try to find a market that I can fly out there and fly back directly. So I don't really invest kind of like too much on the West Coast because it's really hard for me to fly out to. But like Houston, Texas, or Cincinnati, Ohio is where I'm currently investing. And like I can get to Cincinnati in like an hour and 15 minutes. So I actually just came back from asset management trip and it was like less than 24 hours. That's all it's just like fly there, direct flight, easy peasy flight, do what I need to do, and then fly back the next day. So love that.

SPEAKER_01 25:18

I love this. We did that a lot with uh when I look at properties in North of South Carolina, same thing. You fly out, you go tour, you fly back the same day, and it's weird because the next day you wake up and you're like, I was in three different states yesterday in the same bed. Yeah. Strange.

SPEAKER_00 25:29

Yeah, whenever people ask me about like how to find market, I always suggest that you find that like you factor. So whether you have somebody, right? Like I was talking to Charlie earlier, like you were sharing that you have family in Florida, right? So like that would be something that's unique to you that I don't have. Like I don't know anyone in Florida. So it I won't really know the market, right? So find that you factor, whatever the advantage you have in this market, uh, whether, like, hey, not a lot of people can actually fly to Cincinnati, Ohio, maybe from West Coast directly. So find that whatever it is unique to you, whether it's people you know, whether you have easy access to, find that unique factor for you, because that would be your strong spot to get a good market.

SPEAKER_01 26:12

Love that. Love it. So, all right, let's transition to our last section.

Rapid Fire: Habits, Books, Mindset

SPEAKER_01 26:16

It's gonna be a little more quick pace. So I have five questions for you. That's five we asked to every person. Okay. What separates top performing investors from everybody else?

SPEAKER_00 26:25

What separate top and top performing investor from everybody else? Um I would say, can I pick two things or just one thing?

SPEAKER_01 26:37

Okay, whatever you want.

SPEAKER_00 26:39

Okay. Um, I would say problem-solving skill, creativity, okay, and discipline.

SPEAKER_01 26:46

If you had to pick one.

SPEAKER_00 26:48

If I have to pick one, um I would say creativity.

SPEAKER_01 26:54

Okay. All right.

unknown 26:55

Yeah.

SPEAKER_01 26:56

What's a daily habit that contributes to your success?

SPEAKER_00 26:59

What's a daily habit that contribute to my success? Um, I would say uh affirmation. It might sound a little bit like woo-woo. Um, but if you're in any of these high stress environments, right, if you have investor money and if you know, so for the 42 unit, we had uh 560k in hard money writing on the line that if we didn't close the property in 35 days, that money is gone. And it's our own money. When you have in that situation, um the affirmation is what really helpful for me to just kind of get by, focus on winning this next 15 minutes and just keep doing that next action and keep it going. Um, so I find it helpful for me to kind of get through the anxiety with you know money and all this jazz. So yeah. So good.

SPEAKER_01 27:58

I do the same thing. So good.

SPEAKER_00 28:00

Yeah.

SPEAKER_01 28:00

All right, what is a piece of advice that you'd give yourself if you started again?

SPEAKER_00 28:06

If I started again, what I would the advice I would give myself is to um maybe leverage more partners quicker. Um when I had the first single family, right? It was all my cash and I sink I sunk all of that cash into that one property. Um, instead of be able to leverage like a hard money lender partner to use that cash to go into multiple property. So I would consider kind of leveraging more other people's time, money to grow.

SPEAKER_01 28:42

What is your favorite real estate or business book?

SPEAKER_00 28:47

Favorite real estate or business book. Um recently I really love uh Who Not How.

SPEAKER_01 28:55

Who's read Who Not How? Love that book.

SPEAKER_00 28:58

Yes, love Who Not How. Uh 10X is easier than 2X was the other book.

SPEAKER_01 29:03

So good.

SPEAKER_00 29:03

Um so that still has been um really pivotal, I guess, in helping me grow.

SPEAKER_01 29:09

Love that. Dan Sullivan, if you guys haven't read that, Dan Sullivan, Who Not How and 10X is easier than 2X are like mandatory reads. So just read them. All right, last question. Your favorite part of real estate investing.

SPEAKER_00 29:20

My favorite part of real estate investing, I honestly love the people. I really love um how real estate introduced me to a lot of people um that became friends. Uh so I really like that people aspect because I feel like I before I started in real estate, right? Looking from the outside, it always feels like unreachable that people are more focused on money, that people are like more focused on winning their own thing. I feel like once you're in the in the world real estate, then you can find that there's a lot more people who are willing to help, who are willing to share what they learn, share their mistake, who are more will, you know, because we're all on the same path, right? We're all looking for their financial. Freedom. Um, so I honestly just really love the people aspect of real estate, just getting to meet cool people as I grow. Yeah.

SPEAKER_01 30:07

I love that. That's why we're here. Well, thank you so much for being here. Let's give Yang a round of applause.

Closing And Appreciation

SPEAKER_01 30:11

So, yeah, yeah.