THE NEW $240,000 INVESTMENT PROPERTY Posted on August 27, 2019 chicago hotels dallas hotels hotels hotels in chicago hotels in florida hotels in las vegas investment las vegas hotels private jet Property rental property travel travel vlog vacation 23 thoughts on “THE NEW $240,000 INVESTMENT PROPERTY” Hey team so this 8th investment property is another hard money loan I funded at 12%. This means that if the project takes a total of 4 months from start to finish I would be making about $9,600 profit while learning from Lenny! Nothing special but it’s getting paid while I learn from the best!Reply Thanks:)Reply Goodness Ricky, we need a microphone:) very low volume:(Reply Hey Ricky! would you be able to provide a criteria that Lenny uses when buying a house for a flip?! Mainly how much below market is he trying to secure as a safe spot and what condition does he deem as his target area to gain most sweat equity? Lastly your criteria for providing the loan to Lenny?Reply You are 100% risk just for a couple thousand pay out ? Be careful dude, also there have been talk of a recession coming .. now is the time to sell not buy .. but best of luckReply Very exciting!Reply Three to four months is a full rehab! What is he planning on doing cause you can easily spend 60k on remod which is no profit if your targeting 300k…the numbers don’t add up here. Hope you have some outs planned.Reply You're very inspirational rickyy!! Love the vids!!Reply Thanks Ricky!Reply This man has got life figured out. RespectReply Hey Ricky if Lenny keeps the house is he keeping the loan with u or is he getting another loan. Because 12% is a lot to loose every year for himReply This week demo will start on this project. The Scottsdale one is almost complete but still not sure what I am going to do with it. I am getting it appraised. That will give me a better idea of what I want to do with it for sure. Either keep it as a passive income property or just flip it for a quick profit. I will keep you updated.Reply So when is Lenny’s first payment due? Is it upon completion of the project?Reply 🇧🇷 I watch all your videos, I wanted to learn from you, I do day trade in Mine dollar, my name is Norton, I live in Brazil.Reply RICKY! What an amazing video… do you understand the quality of the words you?! By 1:44 i was just like “oh my god, this guy is a ____ (there is no word to describe)”. But here is an abundance of words to describe, intelligent, motivated, excited, talented, skilled, confident, understanding of all the moving pieces, and maximizing results like a champ…. good job bro, quite an inspiration 👏🏼👏🏼👏🏼👏🏼🤯Reply So you’re a hard money lender. NiceReply Ricky just bought this place? Let's go vandalize the shit out of it! LULReply Hey Ricky! Love the name!! Liked and Subbed for more of that great content. I love seeing those great little nuggets.Reply People think your a scammer, dont know why, after one year of investing, i know nowthe only thing that matters is buying a stock that goes up, thats what you teach us. Along with other markets and things of that nature, you are a main stream investor but the knowledge is actually A+Reply Your family must be so proud of you manReply I may not be the smartest in the world but I know that 12% of $240,000 ain’t $9600. Will you please explain the breakdown?Reply This is what I’m really interested in but I have no clue how to get somebody I can shadow! Please keep us updated!Reply Great video Ricky <3Reply Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment.