Preston Seo Profile picture
Mom’s Basement ➡️ $11.5M in Real Estate • 4M+ Followers Across Socials • Investing My Dollhairs in Profitable Properties & Helping Others Do it Too
Dec 1, 2023 5 tweets 2 min read
Your biggest liability is the place you live in…

Here’s why buying a home is the WORST investment you can make:

(And what to do instead) Before you call me crazy, let me explain:

Most people think their homes are assets which is not true.

You have a mortgage, bills, and repairs to take care of while your home doesn’t produce cash flow.

Assets pay you back, they don’t take money out of your pocket every month.

Buying my dream home was probably my worst investment…
Jul 31, 2023 10 tweets 2 min read
McDonald's is the 5th largest landlord on Earth.

Their $210 billion net worth isn't all from selling burgers.

Here's their genius strategy: Image McDonald's owns $42B in land.

They serve 69 million people/day and sell 80 burgers/minute BUT…

36% of their $23 BILLION revenue comes from real estate.

Their logo is more known than the Christian Cross.
Jun 14, 2023 9 tweets 3 min read
I used to suck at investing...

But at 31, I have $11M+ in real estate, 40 rentals, and 6 Airbnbs.

Here are 7 resources to make you a master investor: Image 1. The Inside Job

This documentary uncovers the dark side of real estate and the financial industry.

Great for learning about how to be safe and cautious when investing. Image
May 19, 2023 10 tweets 2 min read
The safest market to invest in?

Real estate.

But 57% of Americans have less than $10k in their savings…

Here’s how you can profit from real estate without buying properties: $10,000/mo profit by using an unknown approach.

It’s growing in value and makes money without taking much work.

But most people think they don’t have enough money to take part.

Follow my 12 month step-by-step blueprint:
May 3, 2023 10 tweets 2 min read
90% of the world’s millionaires don't own a basket of stocks.

They own real estate.

It's not a coincidence.

Most don't realize that real estate pays you in 5 different ways:

Let’s break it down (with % returns) PRO TIP: Want to control 100% of an asset's worth with only a 3.5-20% down payment?

Leverage is what makes real estate so attractive.

Take a smart 20% down payment and get a $80k loan for a $100k property.
Apr 11, 2023 12 tweets 3 min read
I achieved EVERYTHING I could've imagined in 4 years:

• $11,000,000 real estate empire.
• $20,000/mo Airbnb portfolio.
• Retired my parents, bought our dream house, and own my calendar.

2 of my friends saw this and asked how to do the same. So I gave them my blueprint and the results will surprise you

Both of my friends had similar backgrounds.

• Middle-class parents
• Risk adverse
• College degrees

Both had no prior investing experience and started around the same time.
Mar 25, 2023 6 tweets 2 min read
In the last 3 weeks...

Credit Suisse's shares plummeted by 30% in 1
day.

Sillicon Valley Bank collapsed.
Signature Bank has was shut down.

First Republic Bank (FRC) is facing huge losses.

US and European Banks have lost 20% of their shares.

Here's how this directly affects… twitter.com/i/web/status/1… The Swiss franc is 1 of the strongest currency in the world.

Yet Credit Suisse reported a 7.29 BILLION annual loss since 2008. (The second-largest
Swiss bank)

Credit Suisse shares have lost over 75% of their value over the 12 months.

This is 1 of the 30 globally important… twitter.com/i/web/status/1…
Mar 22, 2023 15 tweets 2 min read
I've went from $0 to building a $11M portfolio in RE in a few years.

I've compelled the 6 biggest reasons people spend their lives without becoming financially free.

(Quick thread)🧵🧵 Before we get started, please retweet the tweet above!

Helps us reach more people and spread the message.

Thank you. Let's get started.
Feb 22, 2023 7 tweets 2 min read
90% of millionaires didn't become rich because they won the lottery.

They did it by partnering with banks to fund their real estate empires.

Here are the 5 best loan products you've never heard of. 1. Fannie Mae HomeStyle Renovation
Mortgage

This allows borrowers to finance both the purchase price & renovation costs of a property with 1 mortgage.

Pros:
⁃Financing both purchase price & renovation costs
⁃Can be used for investment properties, and primary residences… twitter.com/i/web/status/1…
Feb 19, 2023 4 tweets 2 min read
I went from my mom's basement to $4,200,000
net worth in 2.5 years.

Here are 3 lessons I learned the hard way -

(NOTE: I'm being direct so you implement things right away.) #1 Delay Gratification

In 2015, I got a pest control d2d sales job and made $50K in 3 months.

But instead of paying my student loans...

And building a safety net (like rental properties, or semi-passive assets).

I blew all of it.

Lesson: Make money, but build assets to make… twitter.com/i/web/status/1…
Feb 18, 2023 8 tweets 3 min read
Most Airbnb hosts spend 3-5 hours/day managing 1 Airbnb.

While I spend 1 hour a WEEK managing 4
Airbnbs.

The difference? Cloning yourself.

Here's the 5-step process I use to build my dream team that does 99% of the work.

(...so I can wake up whenever I want, spend more time… twitter.com/i/web/status/1… Reason I make $5,000+/mo profit from each
Airbnb I own is because of 1 thing:

Guest experience.

If you don't know (and deliver) what the market wants, you won't succeed.

You'll think Airbnbs don't work, lose capital, and quit.

Following this "reversed" approach...

Let's… twitter.com/i/web/status/1…
Oct 19, 2022 6 tweets 1 min read
My Airbnb business makes $40,000/mo in revenue.

It costs $750/mo to run.

But it'd be IMPOSSIBLE without my team.

Here are the top 4 hires that transformed my business: 1. Cleaners

Cleaners are the most important asset of my business.

If something goes wrong, guests leave bad reviews leading to Airbnb booting off my listing.

Find 2 good cleaners (1 for backup), and pay them bonuses every quarter.
Oct 8, 2022 9 tweets 2 min read
In 2016, my mentor had 60 rental units and was a real estate prodigy.

Here's a quick story of how:

- He helped me buy my 1st 4-plex
- We partnered up and bought 40+ units together
- I mentored my own mentor on Airbnb I'm extremely lucky to say my mentor is actually my cousin.

We've always been close when growing up.

So back in January 2016, we went to get lunch...
Sep 28, 2022 9 tweets 2 min read
The Asch Conformity Experiment.

How an experiment conducted in the 1950s...

Is the reason why 99% of people will NEVER get rich: In 1950, a Polish-American psychologist named Solomon Asch made an experiment with 123 people.

He invited male, white, college students.

All ranging from age 17-25.

They were all told they would be a part of an experiment in visual judgment.
Sep 26, 2022 10 tweets 2 min read
Landlords hate Airbnb.

But after having 10,000+ cold calls across real estate & sales job combined...

I can make ANY landlord agree to my sublease pitch.

Steal my simple formula to do the same: If you've ever tried doing Airbnbs.

(Sub-leasing someone's property and putting it on Airbnb)

I'm sure you've talked to 20+ landlords only to find out:

A) They're not interested

Or

B) They tell you to p*ss off

99% of people fall in this situation. I was there as well.
Sep 16, 2022 8 tweets 1 min read
I have $9,000,000 worth of properties under my name.

If I had to make $10,000/month, here’s why I WOULDN’T get into real estate:

(And what you should do instead) First things first, let's talk numbers:

1 property (or door) costs $150,000.

It makes you $200/month cashflow.

At 20% down, that's $30,000 for $200/month in return.

Repeat this 50x ->
Sep 14, 2022 9 tweets 2 min read
$17,500/month profit from real estate WITHOUT owning any properties.

Sounds impossible?

Here’s how I did it in 7 months and how you can too:

NOTE: You don’t have to go into debt OR be physically present But before I tell you how...

I had a soul-sucking job, which meant:

- No time for family
- No time to start a business

How did I escape?

By picking a business model that’s completely PASSIVE. (if not close)