My Real Estate Journey and Career in Real Estate
ฝัง
- เผยแพร่เมื่อ 26 ก.ค. 2024
- In this video, I walk you through my personal and professional real estate and construction career from college till the end of 2020.
Tenant Cloud Property Management
Landlords, I highly recommend TenantCloud for your property management needs. It has a great application process with credit/background checks, lease management, maintenance requests and more. Use this link for a free account (not a trial account) and see for yourself - home.tenantcloud.com/signup?a...
Kenton Realty Group - kentonrg.tenantcloud.com/
Contact Kenton Knows
Email: Kentonknows@gmail.com
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Quora: kentonknowsrealestate.quora.com/
DISCLAIMER
I am Not a CPA, Attorney, Insurance Agent, Contractor, Lender or a Financial Advisor. None of the information in these videos shall not be construed as tax, legal, insurance, financial, engineering, construction or any other advice of any kind. This TH-cam video is for entertainment purposes ONLY. If you need any professional advice, please contact a professional in the that specific subject matter. Linked items may create a financial benefit for Kenton Realty Group, LLC. Kenton Realty Group, LLC is a licensed real estate brokerage in Illinois License 481.010945.
This is not an advertisement of property for sale and any mention of any real estate shall not be construed as anything other than an opinion for entertainment purposes only.
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Smash the LIKE!!! Thanks so much.
Interesting story! I closed on my multi unit investment building in Mckinley park back in May 2020 and super eager to get another rental soon but im still paying off the debt I used to fix up the place. I can't wait until I get my 2nd deal going.
Nice, I think Mckinley Park and the surrounding area is a great place to be buying now. The first few are definitely the hardest to get and have capital for, but you are on your way, congrats! I have 3 buildings nearby in Pilsen, love the area.
Love to hear the story! Construction background seems like a real edge
Thanks, I definitely feel it helped me quite a bit.
If I could like this video twice I would. Keep it up, sir!
Thanks so much, I really appreciate it!
I’m 30 year old with an engineering degree and mba in finance. Love your videos and love hearing about how you work a high paying w2 job and still own 30+ units.
That's so awesome to hear! Thanks so much for sharing and I'm so glad you like what I'm talking about. Thank you for watching, hope you have a great weekend!
great success story that shows how hard you have worked for what you have, and how it is possible! thanks kenton!
Thank you!
I'm in Missouri and have owned a handyman business for 10years I bought my first property in 2020 doing owner finance it's a 3b 2ba mobile home on 2.5 ac. For $12,500 I have put about 5k into it . I live in the the mobile home and rent out a gravel pad with utilities for a rv for $500 month I have found a other owner deal for 23 mobile on there own lots that are 90 % rented out and gross 10k right now and can be increased to about 14k but I haven't been able to close a deal with the owner and it get to be discouraging
Sometimes deals can take years. Just be sure the owner knows you are interested and keep the conversation going, you never know when he may change his mind and be willing to sell while you pursue other opportunities.
Thank you 🙏🏻
You’re welcome 😊, thanks for watching and commenting!
Love your information trully!
Thank you, so glad to hear it! Please like, share and comment, I’ll keep working on more. Hope you have a great week!
Love your material, Kenton. Very cool how you worked for Bridgestone. I recently managed a Tires Plus for five years in La Crosse, WI. Going for full time real estate soon as we just wrapped up our second flip. What are your thoughts on the upcoming market? Do you think there is a lot of opportunity for rental investors coming up? This sellers market going to turn into a buyers market?
Awesome, I loved my time at Bridgestone/Firestone. Tiresplus was a great group, I was there when they really started integrated the businesses together along with Wheel Works in Cali and Hibdon in Oklahoma. congrats on perhaps going full time. In my opinion I do think there will be more opportunities in the near future. When the moratoriums are lifted and people no longer feel shut in any longer, there will in my opinion be large increase in inventory and with a higher supply, I anticipate pricing to come down (basic economics). I don't see a crash, but I do see higher inventory which should mean more opportunity and lower prices. Might be 6 months to 2 years away, but it will be coming in my opinion.
Great video, sound like my whys.
Thank you for watching and commenting!
Do you have any suggestions on a hard money lender who lends in Illinois? For investors just getting into the business. I have a primary home but I’d like to find a fixer upper and once it’s done do a cash out refi. Pay the hard money lender off etc...
Derrick - I haven't used a hard money lender myself, so I don't have any good recommendations there. I would consider the other real estate lending options first - I rank all options for real estate financing in order from lowest to highest cost here - th-cam.com/video/9rKDqqRZV4o/w-d-xo.html
How to persuade my tenant to buy renter's insurance?
I send this video to my tenants explaining why they need renters insurance, it should help you with yours as well. th-cam.com/video/-8EcXRWjQoc/w-d-xo.html
So how many properties you have totally by now? 12 if I'm not wrong?
8 buildings - total of 31 apartments
Hi Kenton! How do you know how much your home is worth before you refinance? Also Do you recommend using your 401k to purchase your first investment property? Thanks!!!
So the hard part about knowing your home's value is that it depends on who you ask. When you are refinancing, the only person that matters is the appraiser. I can say, I have had some appraisals that I thought were really low and others that were high, you really don't know till they complete the appraisal. You can use zillow and realtor.com to get some comps and do you best or ask a realtor to try to help you, but I wouldn't pay for anything, because if you are willing to pay for the appraisal, you might as well have the bank do it. As for the 401k, that is a really personal decision as it is your retirement money and there seem to be a lot of people on both sides of that question. I personally think the best way to start is a house hack as I feel it is a less risky way to start investing in real estate.
@Kenton Knows hi Kenton, how do you get the bank to pay for the appraisal, do you mean with lender credits, also who are your go to lenders
@@yaswanthreddy It depends on the lender and the deal you getting at the time you are refinancing. I have three brokers in the description of this video that I have worked with on many occasions, both on purchases as well as refi's. th-cam.com/video/ofU62FWBUVo/w-d-xo.html