20 Steps: 0 to RICH in Real Estate

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Meet Kevin

Meet Kevin

Күн бұрын

Hack the banks -- take advantage of what the United States offers YOU in terms of financing! Learn the real ways of making money with real estate & psychology - NEW 40% off Coupon code ImNotLeaving 🔥🔥🔥 Lifetime access to programs on building your wealth & new updates in stocks, real estate, management, sales, or KZfaq. metkevin.com/join Want deals off market / before they hit the MLS? Checkout metkevin.com/deals for DealMachine!
Big topics: Passive income. Rental property. Rent increases/decreases. FHA vs conventional. Living in a property to HACK.
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❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
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#RealEstate #Investing #Finance

Пікірлер: 573
@MeetKevin
@MeetKevin 6 жыл бұрын
This bank loan hack will show you exactly how you can take advantage of "home-owner occupied loans," which just means you "intend to live in the property" for at least 1 year, to hack your way to real estate wealth.
@mrguaranteed
@mrguaranteed 6 жыл бұрын
Meet Kevin hey Kevin so with a 3-5% downpayment being good, are va loans good to use for properties in the wedge?
@xCCflierx
@xCCflierx 6 жыл бұрын
thank kevin
@simp11
@simp11 6 жыл бұрын
Kevin, can you do a video about what it means to make rental-grade repairs and touch-ups?
@jorgeberruete4537
@jorgeberruete4537 5 жыл бұрын
Meet Kevin my neighbor did this she bought the house and renovated everything I think she spent around 100,000 on renovation and rented out like 3 rooms for 3 families and she lived for 2 years and then left I only see her when she picks up the money I guess but now it makes sense why she left and rented it out I feel like doing this idea seems good especially not selling the property and since I’m 20 years old I should take action before I get married and have kids thanks Kevin for the advice 👍🏻😁
@marcelrodriguez2067
@marcelrodriguez2067 5 жыл бұрын
Ok how do i find a good realtor though...
@5iveroses7
@5iveroses7 5 жыл бұрын
I’m 16 and I watch these types of videos every single day and when I go with my dads friends wich he flips house And I’m learning a lot
@neonglockz505
@neonglockz505 3 жыл бұрын
Fuck u
@johnnyboyProductionz
@johnnyboyProductionz 3 жыл бұрын
Neon GlocKz LMFAO wtf😂
@choff01
@choff01 3 жыл бұрын
Good job kid
@ZenCyde
@ZenCyde 3 жыл бұрын
im 15, ive been a active trader for some time now and am trying to qualify for trader tax status, and now im expanding to real estate as well
@Sergiop1736
@Sergiop1736 3 жыл бұрын
@@ZenCyde nice dude 👍 I’m looking for a job so that I can start investing in real estate and the stock market 📈
@jonathanansleymusic4992
@jonathanansleymusic4992 3 жыл бұрын
Just bought my first property at 23! Thanks, Kevin!
@MeetKevin
@MeetKevin 3 жыл бұрын
Grats!
@zaywyd5463
@zaywyd5463 3 жыл бұрын
How is everything going? I plan on starting to buy next year.
@jonathanansleymusic4992
@jonathanansleymusic4992 3 жыл бұрын
@@zaywyd5463 I don’t regret it at all! I’m renting out two of my rooms to some friends so I’m living in it for $0 a month. If you can figure out a set up like that I would say definitely go for it!
@zaywyd5463
@zaywyd5463 3 жыл бұрын
@@jonathanansleymusic4992 awesome thanks for the advice!
@rufus5208
@rufus5208 2 жыл бұрын
@@jonathanansleymusic4992 doing the exact same thing. Great job man. Feels good living rent free huh? 😎😂🔥
@itzbebop
@itzbebop 6 жыл бұрын
Ikea couch......$350 Jennifer Convertible couch ........$3500 Ok im going to ikea
@jonathonburnett7292
@jonathonburnett7292 5 жыл бұрын
3:01 swear to god you are the Scotty Kilmer of real estate in this scene 😂
@jonnytheman2321
@jonnytheman2321 4 жыл бұрын
Rev up your passive income!
@zoramathews
@zoramathews 4 жыл бұрын
I only understood about 25% of what you were saying but I keep watching because when I first found this channel I only understood 1% lol learning
@breblizz4321
@breblizz4321 3 жыл бұрын
Lmao same
@1960markN
@1960markN 3 жыл бұрын
Just keep watching over and over. Also, watch other channels too, to get different viewpoints.
@Spysparda
@Spysparda 6 жыл бұрын
Kevin Bamboozled me again I took a hacking course before this video thinking I was ganna learn to hack banks. Close enough thanks Kevin!
@MeetKevin
@MeetKevin 6 жыл бұрын
I’ve mastered it! 🤣
@smileychess
@smileychess 6 жыл бұрын
What if you're 30, and starting with a negative $17k net worth? lol
@MeetKevin
@MeetKevin 6 жыл бұрын
dude you have so much time you'll be fine
@jacoblloyd2573
@jacoblloyd2573 4 жыл бұрын
I feel like the best part of my life will be over once I hit thirty.
@WINT3R_94
@WINT3R_94 4 жыл бұрын
@@jacoblloyd2573 That only applies to women. As a man you only start to enter your prime at age 30.
@waterheaterservices
@waterheaterservices 4 жыл бұрын
Sixty, and I will start anyway.
@roberterisman766
@roberterisman766 3 жыл бұрын
@meet Kevin please explain
@hashimhalstead
@hashimhalstead 5 жыл бұрын
You told me to subscribe so many times in the video that I felt morally obligated to do so by the end, lol!
@GudInformation
@GudInformation 5 жыл бұрын
I remember once when i was 16, I was at my girlfriend's house and thinking they had the cheapest old rickety furniture... I couldn't understand why they would have older crappier stuff than my middle class family. But then as an adult I look back on it and remember they had a marble and gold elevator. That mansion they lived in is currently worth 30m And that old looking furniture, I later learned it was 17th or 18th century furniture from some castle and were priceless relics from way before our time. Wish I knew then, what i know now...
@user-re9gj2zd5e
@user-re9gj2zd5e 4 жыл бұрын
Was she your sugar momma?
@familyaccount2467
@familyaccount2467 4 жыл бұрын
what could you have done had you known that back then?? Steal them?? LMOA
@mr5timewcwchamp
@mr5timewcwchamp 3 жыл бұрын
@@familyaccount2467 nope, just marry her and secure the bag🤣
@joeymcgowan4664
@joeymcgowan4664 6 жыл бұрын
This is gold, Kevin! Love hearing about these strategies.. Keep em coming. Thanks bud.
@MeetKevin
@MeetKevin 6 жыл бұрын
Anytime Joey
@mrsanteeclause
@mrsanteeclause 6 жыл бұрын
Just sold my rental and my main house early this spring. Feels like I hit the jackpot as far as timing. Ready to start looking for my next rental and want to get to 10 rentals in 7 years!!! #illkeepyouupdated
@MeetKevin
@MeetKevin 6 жыл бұрын
Heck yeah that's awesome!! Do it!!
@worksbyshoaib7145
@worksbyshoaib7145 6 жыл бұрын
Best of luck buddy!!! Thanks to Kev as well for this goldmine of information
@FromQnz2King
@FromQnz2King 5 жыл бұрын
How do you change your strategy when the economy goes down/up? Thanks.
@krishnathiagarajan8290
@krishnathiagarajan8290 3 жыл бұрын
How's progress? I'm curious!
@VladArnoldner
@VladArnoldner 5 жыл бұрын
Thank you, Kevin. I can't stop watching your videos! :)
@r3volution685
@r3volution685 5 жыл бұрын
Hey Kevin, Another great video! Thanks for sharing all of your knowledge. Do you have any videos on investing vs debt pay down? Trying to make sense of whether it makes more sense to pay debt before buying rental properties! Any tips you could share or videos you’ve done would help. Side note - Mad props to all the content you made this far! Keep up the good work! Best, Jordan
@BangkokBound
@BangkokBound 6 жыл бұрын
Great video Kevin. I learned so much.
@Dulqusley
@Dulqusley 5 жыл бұрын
Kevin you the best. Everything is said is spot on, like “start small and don’t buy something you gonna live in for ever”...in other words be flexible. Thanks
@MMAJOEY69
@MMAJOEY69 6 жыл бұрын
Tremendous value in this video! Thankful for you, Kevin
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks Tony!!
@JMDirect
@JMDirect 6 жыл бұрын
Great info Kevin! Looking to get started this year 🙌🏽🙌🏽
@MeetKevin
@MeetKevin 6 жыл бұрын
nice!!
@InvestingHustler
@InvestingHustler 6 жыл бұрын
Great advice Kevin 🙏
@Sakaloz.bl.loz.
@Sakaloz.bl.loz. 6 жыл бұрын
Your Videos are entertaining as much as they’re informative man, I don’t know how you do that. Keep it up 👌
@alim4401
@alim4401 5 жыл бұрын
Thanks for the video, Kevin!
@javierzambrano3030
@javierzambrano3030 4 жыл бұрын
I just want to say thanks for such value information, I follow you and this is the best compilation I’ve seen! Really appreciate what you do. I am doing steps to start with real estate investments ASAP
@nateschwartz8911
@nateschwartz8911 4 жыл бұрын
Kevin, I love watching your KZfaq videos! I have learned so much in just 3 weeks time. In about 3 months I will be purchasing my first home to invest in. I see in your videos you talk about buying your first home and renting it out for a profit. I think this is great. The only problem that I run into in my head is if I 1. Own the house. 2. Fix it up 3. Rent it out. Where do I go in the time it takes to actually get someone in there. After I put basically all the money I have into fixing up this wedge deal in not going to have enough left to have an apt ext. Im also a person with quite a bit of stuff and I feel like showings would be better if it was empty. Now I could be wrong and I could be missing something. Id love to hear back from you with some great tips. Thanks!
@midnightwrit3ers
@midnightwrit3ers 4 жыл бұрын
Incredible stuff Kevin. It would be incredible to have a conversation with you because I could see it going a million different ways and learning a lot. Appreciate you making it simple
@jordanking7550
@jordanking7550 5 жыл бұрын
I'm trying to replicate this in Canada, and the banks use the 39% equation for my DGR to become qualified for a first mortgage and we are only able to use a projected rents of 50% for second investment mortgages. It's tough up here in the igloos.
@robg7896
@robg7896 5 жыл бұрын
When times got tough, I sold 2 rentals and it helped us endure the yrs. I completely regret having done that! Wish I'd had you in my ear years ago. Thanks for the info and encouragement to continue on this path...
@jason_v12345
@jason_v12345 5 жыл бұрын
I'm confused about your opinion on FHA. If you qualify for it (because you've never used it) but you don't need it (because you have enough saved), do you recommend still using it? Or should you always put down as much as you can afford?
@guzman9011
@guzman9011 5 жыл бұрын
I used to say never sell too. But I just sold one of my properties for 360k and I paid 140k four years ago. It was cash flowing great but I couldn’t help wanting the lump sum. Now I can start my next phase which is buying houses cash and flipping them. Fingers crossed 🤞🏼
@mycelia_ow
@mycelia_ow 5 жыл бұрын
Flipping houses means youll pay most of your earnings in tax. Buy more rentals instead.
@joanyraquel
@joanyraquel 4 жыл бұрын
Kevin! You are awesome. Thanks for the inspiration. I started watching you in August and already bought my first investment property in September... I still don't know what I am doing but hopefully I will learn soon. Closing in October!!!!
@Chairman5837
@Chairman5837 Жыл бұрын
Kevin this is fouryears later man! Energy Energy in this video. The humor, boldness, facts man! I liked I subscribed Imgonna search you on SM, yr community....this from a 52year old mom& wife all the way from Namibia. Have been in Construction homes since 1998 with intervals. Got licensed as Real Estate 2011. Lost it all, rebuilding again. This Vid, just got me hooked. Right time right place....
@Jen_P
@Jen_P 6 жыл бұрын
This information is so gold!!! Love this channel 👍👍☺️ can you include your kids in next videos?! 👶👦
@MeetKevin
@MeetKevin 6 жыл бұрын
Totally Xuan!!
@jacksonj69
@jacksonj69 5 жыл бұрын
Good advice
@brandiniadventures
@brandiniadventures 6 жыл бұрын
You rock man!! Great job👍🏽
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks so much Brandon!!
@ashmcmillan2691
@ashmcmillan2691 5 жыл бұрын
I brought a house with 5% down 2 years ago, redid the kitchen and bathroom and just got a valuation that has given an equity value of 25%
@MeetKevin
@MeetKevin 5 жыл бұрын
Nice!!!
@user-oj2is7eu5h
@user-oj2is7eu5h 6 жыл бұрын
Great videos, I really like your style. Keep it up. Also don't elbow the steering wheel when in autopilot. Not sure what would happen, but be safe :)
@MeetKevin
@MeetKevin 6 жыл бұрын
Haha ty!
@daveyrowe5255
@daveyrowe5255 5 жыл бұрын
Fellow investor, age 27, I have 8 units. Love your videos, keep doing what you're doing.
@ericj6648
@ericj6648 6 жыл бұрын
So pumped for your live clip every Saturday!! Btw do u get any stain on white leather seats?
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks! And yes! Bluejeans discolor the white seats
@kiarash984
@kiarash984 6 жыл бұрын
Kevin, you’re amazing man. No one wants to teach people this stuff. They all just want you to get stuck in their trap and drain the money out of people. God bless you
@Eclipse3948
@Eclipse3948 2 жыл бұрын
I was 22 when I got my first rental back in April of 2018. 25 now and 26 this November.
@advancedgermanauto7057
@advancedgermanauto7057 6 жыл бұрын
Man this is great advice! This is exactly how to start with nothing into creating “passive income” and investing in Real Estate.
@richardray5297
@richardray5297 5 жыл бұрын
Another great video thank you Sir
@howiedick6857
@howiedick6857 5 жыл бұрын
Thanks kevin!
@jameylynch2709
@jameylynch2709 5 жыл бұрын
Kevin I love watching your videos .I think your giving legitimate information and actually want to help people succeed. In my current situation I’m in the military and I will be getting out within a year . I was wondering if you could do a video for military benefits on real estate and how it could help people like me to have a advantage in the market . I appreciate all that you do , thanks Kevin 👌🏼
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:.
@elijahbmet
@elijahbmet 5 жыл бұрын
This video hit me different. My man making so much sense for us young one's.
@shaunjones7344
@shaunjones7344 4 жыл бұрын
I’m 19, once my car is paid off I am getting my real estate license. I am at a good job that has great potential but it isn’t enough for me. I plan on buying 25 homes by the time I am 30. Your videos have been a huge help. Thank you!
@badgerwoodworking7865
@badgerwoodworking7865 6 жыл бұрын
A couple of minutes on Craigslist and 15 minutes on the phone will get you comfortable furniture for 1/10 the price. Can’t agree more with being prudent with the budget. Buying a used $350 sectional instead of a new one for 2.5-4K... I’m going to need a new water heater soon and a $4K sofa is FOUR water heaters!
@badgerwoodworking7865
@badgerwoodworking7865 6 жыл бұрын
BTW I’m at step 14!
@MeetKevin
@MeetKevin 6 жыл бұрын
such great perspective relating the cost of your furniture to the cost of improvements! Couldn't agree more!!
@Angrycapitalist
@Angrycapitalist 5 жыл бұрын
I'm liking Home Auctions and estate sales, with an estate sale if you shoot a bulk offer you can get a great bundle deal.
@wilhallman2890
@wilhallman2890 5 жыл бұрын
Make sure you treat the furniture first, getting bedbugs could cost you much more...
@r1international899
@r1international899 5 жыл бұрын
wil hallman This is what I’m saying. People are talking about buying used furniture. LoO
@pjohnston440
@pjohnston440 6 жыл бұрын
Another great vid!
@Lickerdrink0594
@Lickerdrink0594 5 жыл бұрын
Love the background music to go along with all the advices!
@MeetKevin
@MeetKevin 5 жыл бұрын
ty!
@natem2367
@natem2367 6 жыл бұрын
Congrats on going up to 47k followers. Moving on up.
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks Nate!!
@jeffminnesota7376
@jeffminnesota7376 6 жыл бұрын
Great Kevin! Good tips.....
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks Jeff!!
@truthteller3288
@truthteller3288 3 жыл бұрын
New subscriber. Kevin your channel and the information is awesome, I've learned so much from you in the last 2 weeks. I have a question. When buying real estate is it best to buy with FHA or Conventional loans ? The reason I ask is because when I bought my 3rd home I didn't qualify for a higher loan with FHA because of my rental I bought back in 2018 that I made into a rental in 2020 I couldn't use the income from the rental and therefore had to buy with conventional and a bigger down payment. Is there a way around this when investing in real estate any pointers.
@SGVFOOTBALL
@SGVFOOTBALL 5 жыл бұрын
Kevin now hard would it be to convince an underwriter if I close on my first property. Duplex 1st unit 3 bed 1 bath, 2nd unit 2 bed 1 bath. Then 2 years later I refi to cancel out my pmi/ fha loan to a conventional loan. Then use another FHA loan to buy a larger duplex?
@janethernandez5938
@janethernandez5938 5 жыл бұрын
I’ve been loving your videos! I just learned a lot!
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.
@sl4983
@sl4983 5 жыл бұрын
I am a tenant currently, and I COMPLETELY AGREE with what you're saying about tenant grade!!! Tenants are not interested in fancy schmancy, cause it just makes the rent higher. Also, fancy schmancy white carpets, PLEASE no. There are new types of brown carpet that look really nice! My last landlord actually let me choose the color of carpet I wanted, that was so cool. It was a medium-dark brown, and it was Perfect and liveable!
@jimdiez4036
@jimdiez4036 3 жыл бұрын
Awesome video man, what if i want to live in my home still and buy another investment property, they require at least 20% down is there another way around this?
@thepinksnob7370
@thepinksnob7370 5 жыл бұрын
So wait start of with units or single family home?🤷🏾‍♀️
@terrencebilodeau
@terrencebilodeau 6 жыл бұрын
I like your outlook and advice--very similar to what I've been doing and what I advise others to do. At 9 properties right now also looking to get to 20 :D. My first house was a cheap little 105k house. I love small houses, not to be confused with tiny houses lol.
@magarethecharles1085
@magarethecharles1085 5 жыл бұрын
I really enjoyed the wealth of information and animation.
@MeetKevin
@MeetKevin 5 жыл бұрын
ty for the support!
@monkeyloven
@monkeyloven 4 жыл бұрын
Hi Meet Kevin, so if you pay 10% down and you fix it up and it's worth 10% more, how do you get rid of the PMI? Just ask the bank, refi, get appraisal?? I'm confused about this part.
@shielduniversity419
@shielduniversity419 4 жыл бұрын
What about buying a multi family and living in one of the units. Also does upgrading HVAC make the value go up on the house ?
@TyronneRatcliff
@TyronneRatcliff 5 жыл бұрын
Solid advice Kevin. After this video I might invest in a few doors myself. Have a good one!
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.
@SayMyName383
@SayMyName383 5 жыл бұрын
Hahaha! The voice is coool. I'm lovin' it! 0:51 This is cool.
@MrKblanchard
@MrKblanchard 4 жыл бұрын
Kevin, what colors were you saying? I'm about to repaint my house and rent it out! Thanks!
@claraellsworth2406
@claraellsworth2406 5 жыл бұрын
wow i love your energyyyy
@nickburns4463
@nickburns4463 6 жыл бұрын
Kevin, what do you mean by using "projected rental income" to qualify for loans. Do you mean Gross Rents? Also, what camera and mic are you using? If you don't mind sharing .. thanks again! 🥂😁
@MeetKevin
@MeetKevin 6 жыл бұрын
yes gross rents -- links to everything in description. Look for Shure mic and 80d
@ron431door
@ron431door 6 жыл бұрын
Top notch video Kevin !
@MeetKevin
@MeetKevin 6 жыл бұрын
Thank you!!
@1thank2you3
@1thank2you3 4 жыл бұрын
Hey Kevin, I hear you when you say start small, but does condo counts? or should I skip condo/apartment and try for house from the get go? I live in LA and it's really hard to start "small".
@Potatoroomr
@Potatoroomr 3 жыл бұрын
2021 March 10th we still here for all of this Kevin!!! Thank you man!
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:
@luisjchavez186
@luisjchavez186 5 жыл бұрын
I am new to this channel and the KZfaq gods sent me this recommendation, but is the background music from Tropico? Great information by the way!!!!
@JohnPaul-uf2zl
@JohnPaul-uf2zl 6 жыл бұрын
Thanks Again Kevin 😎🤘
@MeetKevin
@MeetKevin 6 жыл бұрын
Always!
@kadie1414
@kadie1414 6 жыл бұрын
Can you do a video on how to shop or find the best investment loan mortgage rates? Like are online mortgage brokers trustworthy?
@troymason4799
@troymason4799 5 жыл бұрын
7:00 I just let a duplex go because of the FHA MIP. The reason i let it go was because my roi was low. Maybe i have to look more into this decision and see if i should not do that again in the future
@candyluna2929
@candyluna2929 6 жыл бұрын
Excellent...I love this
@MeetKevin
@MeetKevin 6 жыл бұрын
thanks!!
@GReenMoNey88
@GReenMoNey88 5 жыл бұрын
One thing to add is the cost of managing the property and the time it takes. If your thinking ROI (as in time vs money earned) you won't be getting ahead until you scale.
@blade15x
@blade15x 5 жыл бұрын
LOVE THE ATTITUDE MAN... KEEP IT UP
@tommy2346
@tommy2346 5 жыл бұрын
Hey Kevin, I'm wondering, once you grow it to that level, what happenes if market tanks again or a few tenants move out? You're stuck with the payments then. How do you make sure, worst case scenario, you don't default. I mean keeping 3 or 4 payments going could be a lot of trouble for a lot of people. Unless you have huge savings, or net a lot on the other properties. Which is hard especially in the early years of owning it
@farhad71414
@farhad71414 4 жыл бұрын
Question about number 14! Do you mean using the money saved up from the rents of the first property to get the second property or going to the bank and show the income of rent to get a mortgage for the second property ?
@YPMCompanyCommercial
@YPMCompanyCommercial 5 жыл бұрын
Love your energy.
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.
@martineztile8359
@martineztile8359 5 жыл бұрын
Hi Kevin I just came across your videos has very good content and very interesting I also live in Ventura I have 2 property now and looking to see how to advanced forward would like to talk with you if your available
@troymason4799
@troymason4799 5 жыл бұрын
Ever Thought about putting the rental income into a compounding interest account or do you just put it back into real estate?
@JH-qqqqqiim
@JH-qqqqqiim 5 жыл бұрын
13:05 The BRRRR method doesn’t involve constantly stripping equity. It’s just the initial purchase. Pay cash-rehab-place tenant-refinance....Then let it ride for 30 years.
@ZRWooten
@ZRWooten 6 жыл бұрын
Can you make a video further explaining what you were talking about with the 27yrs of depreciation?
@MeetKevin
@MeetKevin 6 жыл бұрын
Sure thing
@nazzy4414
@nazzy4414 5 жыл бұрын
In the eyes of the IRS, real estate depreciates on paper. (In the real world it appreciates). Knowing this, you are allowed to deduct the depreciation expense of your home up to 27.5 years. Year by year. Not all at once.
@nicandriestevez8444
@nicandriestevez8444 5 жыл бұрын
I'm so grateful for this information you're the family number I wish I had to show me the ropes thank you
@kkevincerdaa
@kkevincerdaa 6 жыл бұрын
Always so informative. Great video.
@kkevincerdaa
@kkevincerdaa 6 жыл бұрын
Any book recommendations while we wait for your course?
@MeetKevin
@MeetKevin 6 жыл бұрын
Good to Great -- Amazing book for business!
@whyjustwhy2168
@whyjustwhy2168 6 жыл бұрын
Good video!! So you can go fha and then after you close find a different lender that will go conventional? Debt to income was a little high. I don't think every lender is the same so that's why I ask....although paying stuff down is key
@MeetKevin
@MeetKevin 6 жыл бұрын
Every lender is often different because of special guidelines called “overlays”. So yeah, you want to ask around. And yeah, for your second and third loan, you will likely want to go conventional
@raiderone797
@raiderone797 5 жыл бұрын
What do you think about prefabricated quad plex?
@christophervu400
@christophervu400 6 жыл бұрын
Could you list out the paint colors and brand that you use in your formula?
@MeetKevin
@MeetKevin 6 жыл бұрын
Home Depot color matched Behr Premium "Edgecomb Gray" FLAT and Home Depot Behr Premium "swiss coffee semi gloss". Off the shelf color usually.
@mikepapadopoulos5968
@mikepapadopoulos5968 5 жыл бұрын
Omg...You are full of energy...
@GReenMoNey88
@GReenMoNey88 5 жыл бұрын
Hey Kevin, I like how to put an emphasis on holding for the long term. That is the way the majority of people will build wealth. In the beginning, you will only cash flow $200 a month. Big woop right. If that's what you want, drive Uber. However, over time that cash flow increases and you build equity. Single-family is more of a piggy bank. "Time in the market" is where you will make your money.
@gtcam723
@gtcam723 4 жыл бұрын
So, I’m going to be starting this at about 44 with a 4bd/2ba mfr home. I’d argue that furniture isn’t even an asset unless it’s an antique. It’s just a liability. And by studio, I’m guessing you mean a condo?
@corselli2000
@corselli2000 5 жыл бұрын
Nice! Good vidéo and good tips! Very inspiring. I have already 3 doors but I started late. one door doesn't give me cash flow. what to do? you say don't sell. I am focused on small brand new appartements with condo fees. maintenance should be minimal, thks again for the tips. Caio from Canada.
@MeetKevin
@MeetKevin 5 жыл бұрын
Hey Caio, Not that big of a deal -- do the numbers though. Long run. If it's a $100 or $200 negative, I wouldn't sell. Not worth the selling costs.
@MepsiPax
@MepsiPax 6 жыл бұрын
Can you give a cost estimate for each level? like first studio 100k next studio 150k, 1 bedroom 200k etc ?
@zam210
@zam210 5 жыл бұрын
It all depends on your market.
@razaqzaidi1988
@razaqzaidi1988 5 жыл бұрын
Can I use fha loan to buy multi family home.
@mixmatch331
@mixmatch331 5 жыл бұрын
Kevin, what would you do this summer if you owned a 1 bd/1bth condo that carries a $340 Condo fee? Mortgage @ 3.75% Hold or Sell?
@onyx9857
@onyx9857 3 жыл бұрын
I love this video. I’ve watched it so many times. Im about to rent out my first property after living in it for 2 years. I refinanced while the interest rates were low and lowered my mortgage payment by $400 per month. Im about to rent it out with a $400 cash flow.
@meetkevin421
@meetkevin421 3 жыл бұрын
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:
@Iceman514231
@Iceman514231 4 жыл бұрын
Is there a way to not pay taxes on cash flow?
@flip0345
@flip0345 6 жыл бұрын
Thank you, you make it seem possible. Im going to give you a call in the future im from ventura
@MeetKevin
@MeetKevin 6 жыл бұрын
nice!! awesome!
@endangeredentertainment8584
@endangeredentertainment8584 6 жыл бұрын
You da man, Kev!
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks as always endangered! great support!
@gettingslim186
@gettingslim186 6 жыл бұрын
Wow nice video!!! Wealth of info!!
@MeetKevin
@MeetKevin 6 жыл бұрын
Thanks Getting Slim!!
@KingDeron
@KingDeron 6 жыл бұрын
@ 51 Sec I literally laughing out very loud in my office right now!
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