Bought an Apartment Complex for $35,000
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- เผยแพร่เมื่อ 27 พ.ย. 2019
- 5 Apartments for $35,000! That's JUST $7,000 EACH per Rental! Want to learn more? Learn the psychology of investing & making money, NEW 40% off Coupon code ImNotLeaving 🔥🔥🔥 Lifetime access to programs on building your wealth & new updates in stocks, real estate, management, sales, or TH-cam. metkevin.com/join Want deals off market / before they hit the MLS? Checkout metkevin.com/deals for DealMachine!
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❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other. This is a TH-cam video for entertainment purposes ONLY. 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 ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. 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.
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![Noob Buys his Second Rental House at 19! [Biaheza Reaction]](/img/n.gif)
I love this landlord so much. Never in my life have I heard a landlord say "If my tenants are happy, I'm happy." Brandon is a rare gem in property ownership and being a seriously awesome landlord.
It's landlord machiavellist
I am the same way. The worst thing I can think of is an unhappy spiteful tenant living in my property. If you don't like it there, you have to go. If you think its too expensive, then move. No lease penalties, I will hire the moving truck. I made that offer to a tenant complaining that the rent isn't fair price. I offered to pay for the moving truck. She didn't move.
@@rustyscrapper Beautiful idea.
Yeah that's the landlord trap dealers love for sure
@@rustyscrapper Same here; if my tenants are happy, great so am I. Fewer headaches dealing with unhappy tenants
brandon: dropping some truth
kevin: talks over brandon
Kevin, there is something you can learn from Brendon. His approach is more personal and level-headed, not just business. Liked this vid, thanks.
Yup, giving back her deposit bought him soooo much street respect. People respect people like that and don't hassle them, there's something to say about driving up and being loved and respected.
Exactly. Don’t be so harsh. People go through things unexpectedly, so be more understanding than purely logical. Kindness spreads.
I Feel that way too @ Brendon. Brendon knows his market.... that's it
You really have to approach this based in your clientele, I mange 2 houses for my parents for some time now one is in a really good part of town and one is in one of the worst and based on my experience you have to be a lot more benevolent in a 'poorer' area to get good tendants and not be in a constant fight with them because they view you as a rich moneysack that wants to strip them of their money to get even richer.
@csgo you misunderstood, watch that part again if it affected you so deeply - he said its a PROBLEM that people don't tell him when things are wrong - tenants will allow the house to deteriorate because they don't WANT their rents increased.
Brandon is dropping some truth. But Kevin needs to stop talking over him.
It’s excitement - it’s just what I do
Meet Kevin Nah that’s you’re excuse for talking over him. It’s a critical skill for being a good vs great host.
manictiger lol whatever 😂😂
@@MeetKevin Bro, thanks for those words. Im always excited about what I do and too many people give me shit for it at work xD
I can see that, but give Kevin some slack. it's hard to direct a conversation and film it at the same time Ethan. Or are you talking about the voice over?
Wish Kevin would let this dude finish a story/thought.
Every time Kevin butted in I got more and more annoyed.
They seem a little annoyed with each other
Yeah hes almost talking down and lowkey throwing shots at the guy. Love his videos but he seems kinda like a douche and super cocky in this video
That's how smart, quick-witted people have conversations. Just b/c you're not used to it, doesn't mean you should criticize it.
@@AnnSisuLiv quick witted, or not....just rude.
You can tell Kevin is from LA when he says that Brendan having a gun is making him nervous😂😂
I know 🙄 cringy
... I Think ALL TOOLS Make KEVIN Nervous (to pull a thread in one of his fine fabrics). Expensive bespoke suits and white leather in customized Tesla are not chosen for their Tool-Freindly ruggedness AJAJA
Candy Sweet no one in California is armed unless they’re gangsters
Kevin said in the other video that while it's not the gun itself, it's the fact that there's the need of the gun due to the danger.
Must be a trump chump to make that assumption. He said the need to pull it was what concerned him.
Brandon is doing a service providing low cost housing. Well done!
I'm trying!
It’s a pity the low cost neighborhoods make it so scary you have to carry a gun. Also states like NJ make it almost impossible to evict a tenant, so landlords in poor neighborhoods sometimes just have to declare bankruptcy because they can’t get a non paying tenant to leave. In NJ guns are pretty much illegal at least carrying a loaded one around - so it may be a life and death choice to provide low cost housing.
C as lufornia with government housing makes more people homeless
I love the juxtaposition in the different styles of the same business that Kevin and Brandon bring. This is how I am learning the business...
Damn let the man finish a Sentence.
hahahah yeah basically
Seriously
Fr
These historical homes have some really nice designs, no wonder people love restoring them.
Armando Diaz they are beautiful old houses but in really bad areas
Glad to see their are landlords that understand the value in providing safe affordable housing. If you do it the right way it's a valuable service to the community and a way to earn money.
The interviewer never lets the guy finish a sentence. It’s annoying
You mean KEVIN?
I actually really like these videos with him in them just brings a different perspective to the same job I can appreciate that
35k for 5 units?
*That is a really crazy bargain!*
all the more reason why i'm a terrible business man paying $135k for 1 unit (with intent to rent out 2 of the 3 bedrooms)
brandon got my respect here
i would buy it and give it for rent
$400 per month. Not worth it
If you put 10 percent down per unit that is around 48 dollers a month
Location location location. Based on all the crazy stories he hinted at, I'm not surprised. He definitely got a good deal, but that place wouldn't sell competitively for more than $50k-$60k, especially since the old owner didnt cash flow it and ran it into the ground. It's amazing how far his $15k investment has come.
Was trying to hear the rest of the story about the dude that didn’t pay rent and had to call CPS cause of the kid living there...sounded real interesting
He has the video up on his channel, him and the cops go in after they were evicted looking for damage, and the cops looking for contraband.
@@Vanlifecrisis what's his channel?
lolzzzz
11:31 I love that he could have kept the deposit but instead recognized his tenants tough situation and chose not to. Brandon is a good guy.
Brandon doesn't need the $500 deposit more than he wanted to be nice to a nice lady with health issues. Kevin, on the other hand...
yes kevin on the other hand
My first apartment in Oklahoma City was $309. By the time I moved out 12 years later, the rent was $415. I didn't get my first rent increase until I was there 5 years, and it was only $20.
The apartment was one bedroom, it was 635 square feet, and it was not a crap shack. I was so lucky to find that place when I did.
No doubt you were a great tenant.
@@AJourneyOfYourSoul I don't wanna toot my own horn, but I was. I do remember one time I got something stuck in the bathroom sink. I'm fairly confident the plumber visit pretty much wiped out my rent for that month. No profit from me that month. 😂
Sean Baker 😂😂 well your landlord lost only a month compared to those who deal with much more damage or people who stop paying their rent and it takes months to get them evicted..
damn my first apartment is $1500 in WA for 1 bed and 1 bath, and this is a government subsidized place too
sounds like a steal. Helped you save money i hope.
You gotta listen to him. You don’t know more than him about everything. Let’s learn.
Junior Ortiz Agree. Too much one-upping, but still glad he brought this guy on.
This man brings good to himself. We rented a home for over 5 years and the landlord charged us for paint (illegal in our area for the length of time we lived there) and for an excessive amount of repairs (we had never not received our full deposit back before this guy, so he was a complete anomaly). He hasn't been able to keep a tenant since. What comes around, goes around.
yea its a balancing act, is it worth it to nickle and dime folks after 5 years?? not really. Our family owns 40 properties in a military town we LOVE long term tenants.
That Brandon guy is a good dude.
“He invited the prostitute to live with him and then she started inviting all the Johns over”
“How do you deal with this?! -Oh this is NICE!”
🤣?
bro i read this comment RIGHT when it started lol
I like that dude. He has a lot of heart. Keep bringing content with him and I'll keep watching for it.
🔴 11:35 Brandon is so forgiving! The tenant tore the kitchen floor and snatched the shower head but Brandon still let her off the hook! She must have been one of the better tenants, paying rent on time with little to no problems. Way to go, Brandon! 🔴
Tradin War Stories you will provide better affordable $400 housing??? Prove it. Or pay respect.
Tenants in the 400 a month range aren't really collectable, should have kept the deposit though. Fair is fair.
In his videos he mentions the lady would do work on the house because she liked to, she probably upgraded the shower head. The kitchen cabinets were stripped because she was in process of painting them when she got sick. Probably why he gave back the deposit
He said: "I'm a proud hillbilly..." Love that.
Same!!
Good Guy Brandon is!❤️❤️❤️
i feel like this guy is alot closer to my experince as landlord --- cheap houses 15-30k$ remodel 15-40k$ rent 600-1000$ month.... sounds great on paper 20%ish roi----- but constant issues druggie tenants, not paying rent ,dissapering suddenly, stealing everything not bolted down--smashing everything........ contractors/workers on drugs ,stealing stuff, taking money and dissapering , doing absolutey garbage work that needs to be redone ,.... renting and actually collecting rent feels like mission impossible.
I think that's why he liked to get a long list of applications in advance so he can vet them as best he can?
Consider that perhaps you are not valuing the labor enough. Maybe you are trying to save money? If you are paying good wages and getting that kind of disreputable work, over and over again - then tell me where you live so I can never go there. Lol
It’s great that Kevin does this videos and is open minded enough to showcase other people real estate strategies. But it is hilarious how even though I know he didn’t grow up rich. It seems he never grew up wanting either he’s always unsure of how to react when faced with the reality of good people living tough situations. Awesome content learning a lot thanks
I've been using LVT (luxury vinyl tiles), cheap, durable and look great. A bit more work than linoleum as they need to be grouted. Can get them at Lowes for about $1.60 sqft
What's grouted? Isn't that for bathroom tiles?
God I love how honest Brandon is!
How much i wish i had Kevin as a realtor for my rentals. The level of knowledge when he walks in every room is astonishing. That's probably why Zillow/Online realtor won't work... The knowledge!
Happy thanksgiving!
I love these videos with Meet Kevin and Investment Joy together. You guys seem to work really well together. Hopefully you keep doing more videos together in the future!! Congratulations on passing 200,000 subscribers Kevin!
HAPPY THANKSGIVING KEVIN!
Happy Thanksgiving, Kevin!! Cheers to your success.
the last time i was this early i had a kid
omgosh lol
no deductions on the security deposit even though there's obvious damage, what a nice person
Brandon is such a nice guy lol but who is stealing Damm showerheads comon
My guess is the tenants replaced some cheapo shower head with one of their own bought nicer quality massager models. I wouldn't be surprised if the old shower head is under the bathroom sink, and they just forgot to reinstall it.
I agree. I’ve done that..took my pricier one to my new apt and never rent the old one...I just left it in the bathroom cabinet.
I must admit when I moved in to an apartment it had a awful shower head and I bought a fairly expensive one and when I left I took it with me. I kept the old one to put back on. I bet that's what they did but didn't keep the old one.
@@brittanyr8357 Yeah, done the same as well.
Democrats
This place has so much potential diamond in the ruff 😍😍😍😍
Kevin figured out how to get my click...put Brandon on the thumbnail!
What a good solid guy. Him and his pose of landlords. God bless him!
I like how honest he is. "Oh yea, this is an area that women just disappear". Lmao😂
I guess he figures that if HIS tenants disappear, he can just replace them with new ones?
Maybe that was plausible deniability 😜
This is my home town. It ended up 8 girls went missing. 5 found dead.
@@deaconhairco5015 what happened?
Now just bring some deals like this to southern California
no kidding!
Fix your zoning laws
Elect new officials that are responsible for the stupidity of the zoning laws, taxes, etc!
The people are a direct reflection of who they vote for 😁😁😅😁
man go brandon go, your killing it
the problem there is you can spend as much as you want but you won't get more rent. Or better renters.
Youd be surprised
It's all about occupancy in these sort of areas though. And length of stay.
Just slap some paint on it and a showerhead. This is the $450 range the renters are on welfare , social security , or drug dealers.
You didn't see the rims on that car?
He did say that a group of investors were trying to buy the entire street and force the drug dealers out. If this is true that would mean that they could practically control rent prices and raise them much easier than they can now.
Do they not have section 8 where you are? If you pass section 8 here a 1-2 bedroom is $650/month guaranteed.
who else loves Kevin channel. It's only a matter of time before he gets 1 million subscribers
Ahh, thank you!!!
And then he will be really impossible to deals with.
Jeez, tough crowd! One subscriber giveth and another taketh away.
I'm new here but I'm enjoying and binge watching.
Okay, back to the previously scheduled divisiveness.
Did anybody else notice the NAZI Swastika in the basement?🤔😖😖😖.
@@JackFrost-wu2bq No. But I did see the hanging body.
U were like giving him that shook look of “35K is not even my down payment for 1 property in California” 🤣😂
All of these units look nicer than my first few, it does have charm!
Wow, Brandon is not all about greed at all. He is more content making little, as long as he is helping others.. Much respect for this man, they hardly have these type of people anymore and especially not here in California.. Hats off to you Brandon! ..Thank you for what you do!❤️
Thank you Kevin for collaborating with Brandon, this was such a pleasure. I enjoyed watching this video so much! Seeing someone like Brandon on your channel, I need to subscribe to his channel❤️
See? It’s not always about ripping every dime possible out of the tenants pockets. Brandon still does really well, and I guarantee he doesn’t force his tenants to hire professional window washers with clauses hidden in the fine print of their rental agreements when they vacate a property. Edit: little surprise at the end too. You also charge your tenants to trim your palm trees? Untrimmed palm trees look like crap, AND they attract mice and rats. Trim your damn palm trees Kevin!
Do you see the difference in quality of tenants?
Kevin is smart, he doesn't want to deal with all the B.S. what happens when these low quality tenants destroys your property? They don't have money so you can't even sue. Brandon is nice but nice guys get walked over in this business.
U have to listen to InvestorJoy More and give him his chance to talk more. I wanted to hear the end of a lot of his sentences u cut off lol
Nice Video Kevin. Always fun to watch
That building is STUNNING. I appreciate keeping the original charm!
I love the videos with Brandon, great guy, great chemistry and a constant stream of really interesting and valuable discussion - Cheers.
0:42 Kevin is so used to California that anywhere else that looks even remotely different must be the slums "What part of the city is this?"
Duncan Fowler Plenty of slums here in California.
@@WinstonKnows Everywhere does lol. Just trying to show that Kevin and Brandon are two completely different types of investors from two completely different parts of the country
Winston S Every state/city has slums but the worst in a bad location like Memphis is a LOT worse than the worst in California
##AlbanianPrince No. Guarrantee you there’s worse than you can imagine to be found in Ca
##AlbanianPrince No shit.
You Sir, are amazing, knowledgeable and Inspirational. Well Done!
It's great that you take the time to make these videos show casing other situations then 1 000 000$ houses. We can take little bits to our portfolio or just getting the brains working. Love it !!!
Congrats Kevin 👍
Man that is a beautiful property. I would love to restore that building. Those apartments are really nice for that rent price. I love Ohio!
1890 pocket doors. That alone made me happy.
@@ErickaWilliamsCC They need to pull the doors out and look in the slots. That was a popular place to hide money back in the day.
The mixed floor in the bathroom looks cool, creative and adds color opportunitys.
Returned her deposit @12:00 - Made me cry. Loved it. Its what humanity is all about.
It's funny watching you see c-and d class properties because you can't imagine.
My dad back in the 60s was a slumlord. Myself I don't want any part of it . What I did was built new homes and rented them. Many renters lived in the homes for a very long time and never complained about anything
Sawmiller Smith I’m just started out with my 1st rental property and I’m currently now looking for the next one. I had some good and even great landlords...so I decided to make sure that I’m not a slumlord. Bad karma 😄
SlumLord? whats that? a landlord in the hood?
Thanks for touring with Brandon! Glad to see someone like him doing something to help a neighborhood in need.
Congrats on 200,000 subscribers!
1:22 "do they make you pay" lol.
8:57 nice art work
Love these videos! Brendon is so chill, I love it :)
good job kevin, u, graham, ben mallah always on my watchlist
Kevin let the man talk!
Watching this from Columbus. I’m probably not far from here. I’m near Bexley S. Eastmoore area. It’s not that bad. Especially in the winter.
This is more than likely in Chillicothe Ohio. Based on the price and the mentioning of missin women and biker gangs.
Super peek into other states , thank you for sharing
I'm enjoying watching videos of real estate investors with good hearts.
😂😂😂 don't shoot me bro! 😂😂😂
That place is so damn nice. It’s amazing what is a “bad” neighborhood in another state
Tks for sharin
my uncle makes beautiful kitchen cabinets and every apartment he has rented he upgraded with new kitchen and bathroom for free. Now he owns a few properties. Mm this was cool to watch
Dude, $35,000 is a great deal!!
Although I mainly invest in hot areas like Arizona, Navada, California (although California is so pricey).
Brandon is living his best life!
im learning alot. this is good. thank you.
Congratulations on your success. Very inspirational.
I love Kevin’s channel. He is engaging and entertaining.
"And this is where the prostitute was"
Hey look linoleum!
Beautiful fireplaces and awesome sliding doors 🚪 Beautiful staircase
I like what that guy is doing cleaning up the area his rentals are in. If we could do that everywhere in the country, that would be great
Huffing paint in the basement. Look at all of those canisters.
Brandon’s contractors are real “professionals”.
Harry Handyman
As if Brandon ever hired a contractor. He first called him his maintenance man, then quickly corrected himself. Brandon is a slumlord. Plain and simple. Neither place we looked at here will have one cent put into it before its re-rented out, not even a showerhead. I think Kevin highlighted this fact by making fun of the odd assortment of at least seven different flooring materials. Brandon blames everything on shoddy contractors that don't exist.
@@TailoredReaction woah dude, that's a pretty big leap. I work in construction, and I know for a fact a lot of contractors are shitheads.
I don't see what is wrong with brandon's business model? He manages cheap housing for low income people. He can't invest more than the minimum in his properties before he finds himself running a charity and not a business.
@@TailoredReaction You’re wrong, you’ve been watching too much fancy living california real estate videos. This is ohio. If it works, is durable, and clean, then there is no problem. He’s definitely not a slumlord but rather someone who manages in different climate and conditions.
@@josearchuleta387 LOL A country deluded by Trump.
hey Kevin, could you go into numbers for properties. Like mortgage and home insurance, hoa, how to determine rental potential based on the area, and percentages of profit that would be good/bad. Thanks for reading.
Great video and information thanks
he most likely has 50k in this. 5 units, 400/mo. 24000yr minus expenses of 40%. so about 14k a yr. on 50k 28% roi. what a deal.
I love it when Kevin says, "where am I!" lol
Good stuff Kev💪🏾
This is the real world Brandon could rent that apt as is right now Kevin you gotta get out of that California bubble people are doing really bed out here and will live anywhere the can afford
He’s just a nice guy, I just hope people aren’t taking advantage of him as it often happens when you’re the nice guy
Kevin your face walking around these places is priceless.
Another Meet Brandon episode. Love it !!
Kevin just think of this like a 5 unit that would be in the hood in La
He needs to change the batteries in his smoke detectors lols 😆
Laundromat guy is pretty cool... I spent 18months couple years back in the Akron area and was blown away at the real estate market. Crazy cheap houses, some needed 10k to 20k rehab maybe but some just needed some good TLC and u would be good like 5k.. I noticed this phenomenal opportunity blew me away and seemed like it hadn't been plucked yet.. no one was really going crazy buying them up. Its was a true investor playground. Real Estate has always been something I loved to learn about and I hope That I can find some capital to start TV taking advantage of this..
These videos are great but please reconsider the music. The type of music and volume could both use some reconsideration. Thanks for putting these out!
really hated how meet kevin conducted his self like hes better or knows more poor approach