In this episode, Thach Nguyen catches up with Vitaly, a remarkable young entrepreneur who dropped out of high school at 14 to dive into the world of real estate construction. Today, Vitaly is making impressive strides in Seattle's new construction arena, including his latest project that promises a profit of over $380,000 from a single deal. Through detailed conversation, Thach and Vitaly dissect the project's financials, timelines, and construction specifics, offering a master class for aspiring real estate investors and builders.
This episode begins with Vitaly's journey from high school dropout to successful real estate developer. Essential keywords like "new construction in Seattle," "real estate investments," and "ADUs for profit" pepper the dialogue, emphasizing the lucrative potential of the Seattle market. Listeners will gain insights into property acquisition strategies, budgeting for renovations, and the construction intricacies of building a detached ADU. Thach and Vitaly discuss the merits of renovating versus selling, financing
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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 From High School Dropout to Successful Seattle Builder
1:44 Transforming a Rundown Property into a Profitable Investment
5:40 Exploring the Layout and Features of a DADU
8:13 Building a Profitable Property with Hard and Soft Costs Explained
10:06 Real Estate Investment Tips and Lessons from First-Time Builder
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