Buying A 6 Unit Multi Family Home By Age 22? | ASU Entrepreneur

TL;DR

Ricky Gutierrez, a young entrepreneur and full-time student, ventures out of his comfort zone to explore a multi-unit property in Mesa, Arizona.

Transcript

[Applause] what's going on Traders it's Ricky MCH with Solutions so for today I am bringing you guys along while I'm going to check out some multi-unit or multifam unit homes um we're checking out it's a sixun property here in Mesa Arizona it's a little bit out of my comfort zone and that is actually why it is that I'm going to be vlogging this I'm... Read More

Key Insights

• 🔬 Ricky Gutierrez prioritizes investing in properties within his comfort zone.
• ✋ He values the potential for high returns on investment and creating multiple streams of income.
• 👨‍🏫 Ricky emphasizes the importance of staying in school to make a positive impact on others and gain valuable networking opportunities.
• 💗 He plans to leverage his university's support to promote and grow his businesses.
• 😄 Ricky understands the need for thorough property inspections, lease verification, and compliance with regulations in real estate investing.
• 🫵 He appreciates the support and dedication of his followers and viewers.
• 🤪 Ricky's meeting with his real estate agent went well, and he is moving forward with the multi-unit property.

Questions & Answers

Q: Why did Ricky Gutierrez take a break from real estate investing?

Ricky took a break because he couldn't find properties that met his criteria for over a year. He only invests in properties within his comfort zone.

Q: What does Ricky Gutierrez want to achieve with the multi-unit property?

Ricky wants to generate a high return on investment through rental income and diversify his income streams. He also wants to challenge himself by venturing outside his comfort zone.

Q: What does Ricky Gutierrez plan to do with the property?

Ricky plans to remodel the property, increase rental rates, and attract new tenants. He also wants to ensure the property is up to code and meets safety standards.

Q: Why is Ricky Gutierrez still in school despite his entrepreneurial success?

Ricky believes in leading by example and wants to help as many students as possible. He values the networking opportunities and support provided by his university, which can benefit his businesses.

Summary & Key Takeaways

• Ricky Gutierrez is a 22-year-old entrepreneur and student who runs multiple technology and marketing companies.

• He took a break from real estate investing but is now interested in a multi-unit property in Mesa, Arizona.

• Ricky plans to inspect the property, verify lease agreements, and assess its potential for renovation and increased rental rates.