Cheap houses are great as long as you know what you're in for and have taken Kevins Real Estate Investing Course! Honestly cant say enough how great the course is. This is not a paid comment. (Though I wish it was)
Nick Skye Hoyt you got paid by all the money his advice is going to help you make or the losses you may avoid to him bringing your attention to losing investments you may not have been aware of!
The best place to buy are areas that have jobs. People will move there and demand will increase. Increased demand = increase in value doesn't even matter what you buy. I recently spoke with an investor who bought a garage in 1997 in Long Island City NY for 400k he recently got an offer for 5m. The garage itself is worthless but the potential of the land is whats expensive.
@@cherrytung This story is the same for pretty much anyone who owned land anywhere near Manhattan. I'm sure its the same for every city. The areas surrounding the center of the city always appreciates like crazy as the city grows.
I invest heavily in these types of properties in Indiana, primarily through tax sales and REO. I buy in bulk and have had houses I've had to literally give away. I also see more and more often, these out of state companies stuck with losing properties. If you don't have boots on the ground, do not invest. These old homes need more attention. The margins on these houses are microscopic. If you don't have economies of scale for renovation and a strong ground team, you are just gambling. This video is very accurate. If you don't heed these warnings, I will see your property on the next tax sale list.
I cannot stand those out-of-state guys investing they jack up the prices they ruin the market by overpaying for everything and then their properties just end up sitting
Byron D Allen except it don’t go down where u at so it dont matter, you aint neva wrapped da work n get da vaseline to hide sa scent den send tht bih cross borders
I have that exact same roof. It's currently 119 years old and has at least another 50 left in it. You replace the old lead head nails with updated gasket screws and coat it all with silverseal every 20 years or so.
Wow that's so interesting. I thought metal roofs were a newer thing. Had no idea. I wonder how they made them back then and I wonder why they weren't more popular. Do you think they were expensive back then? I know slate was used very often on old houses in the midwest.
These kinds of videos are fascinating. Seeing different areas of the country and what homes are going for, what neighborhoods are like, etc. Love it. More please!
I currently live in Ohio and I'm used to seeing houses like this. Plenty of houses going for 20K! Good to see some of the potential problems. Still deciding on our real estate strategy and this video provided so much value!!
Ok, now we know Kevin does not carry a firearm. I advise all broker to get training and carry. Going out to vacant properties to meet strangers as part of your job should not require you to cross your fingers and hope for the best.
And this should give people a better idea of how diverse the US economy actually is! The west coast California prices are way different than that of middle America Ohio prices, but everyone needs a place to live. BK
There's no 2:27 'mortar eating mold' - it's just old lime mortar that needs to be repointed every so often with adequate suitable lime mortar. Lime mortar, being softer and more porous than modern PC mortar, protects old bricks, keeping them nice and dry.
Midwest builder/remodeling contractor here...Never power wash your asphalt shingle roof. If you have mold/mildew/fungal growth on your shingles, wet and forget is an inexpensive option that will not remove granules(reducing roof life by 20% or more) like a power wash job will. Also, there are shingles available that are resistant to the types of issues mentioned above that are not much more expensive than a standard premium shingle. Ask your local contractor when installing a new roof. /@meetkevin . If you're interested in getting into the Michigan market, email me.
I think there is some confusion about why the mortar crumbles. It's not that it's a mold that is "eating" the mortar. Mold collects on the surface of the mortar, and the mortar essentially degrades b/c moisture gets trapped inside of the mortar. The mold is attracted to the sand in the mortar. The fix is to use portland cement as the mortar as mold cannot grow on portland cement. Take note of this Kevin for any investment opportunities in the Northeast USA which are brick and have sanded mortar. Older homes which have been re-pointed have been re-pointed with portland cement and not sanded mortar.
@@vincentconti3633 saying that mold "eats" mortar is the uneducated explanation of what actually goes on. see my original post - it has everything to do with moisture and nothing to do with something "eating" something.
I live in north central Ohio. My landlord bought the house I live in for $5,000 during the recession. Did some work with family members to cut labor costs, and the home is now valued at over $70k. No roof, foundation, or ceiling work at all. Mostly cosmetic updates.
Neat deal! All in on this house for 35k at $600 per month without any evictions or repairs for the next 5 years the owner would make their money back on 58.3 months..no bank or other solid investment offers this..gota love RE
Learned this lesson the hard way! Most houses in Muskegon, MI are under 50k. This looked great for cashflow(on paper)! Turns out tenants just destroy houses and don't pay! Also, homes didn't appreciate like I expected them to(or at all). Decided to liquidate and move back to Grand Rapids, where there are actually jobs and appreciation exists 😂
I've got the same situation in Akron, Ohio. I thought "how can you lose if you pay $9500??". But disrespectful renters and repairs have taught me different.
My cousin left her house stranded in the west side of Chicago similar to this house. The roof was caving in, they had multiple problems of mold on ceilings and walls. It was a complete mess! The bank winded up selling the home for $120,000 on a home that was screed up!
@@ceruleanc505 yes I purchase a property right outside of Youngstown Ohio, with the intention to rent it out, paid a contractor to replace the windows, he screwed.
Well I live in a HOA and surprise, we get to buy a new roof. Sorry they said we didn’t save for new roofs for the past ten years..the cost of home ownership is $ but still worth owning compared to renting in my opinion. 😂💕🇺🇸
If the population declined then seek out retirees who can live anywhere in the nation. Those folks are a gold mine for the medical industry and would help to keep services in the area .
here in Australia you'd be lucky to get a house like that in the middle of the desert for $190,000 this is close to what a trailer park mobile homes sell for, its even hard to find a small house block land for less than half a million, our real estate market is way over inflated
Rita Dougherty real estate, remodeling.. if anyone listens snd is completely aware of their surroundings, u can listen to how the stories he yaps about change, alter, increase, every single time he tells the same story, if someone was talking facts or truths why would the story change, embellished, or differ? Only a crap shooter or bullshit artist does this. Someone very important once told me this... u cant bullshit a bullshitter. Every time he says something or says this is being done this is rehabed, but then he never follows thru or lost the photos or car went missing, i left it on my sim card , i just repaired the washing machines but then the same sign on the same broken machine is still visible and posted on that same machine.. what would u think?
That brick-eating mold is not mold. It is a sign of water and vapor seepage with the white powder salts as remnants of the seepage. You can see those salts on chimneys that do not have chimney caps to prevent water buildup inside the chimney. You can see that on unprotected brick that absorbs water from without. A simple waterproofing on the outside and inside can be a big help. The chimney may need a chimney liner to prevent other gases from escaping through the interior brick. Those salts can be water blasted or sand blasted off. You can also scrape them off followed by tuck pointing and waterproofing. Close up that basement opening to the subterranean Earth as that is an open portal for rodents (rats and mice especially) to live, breed, and spread diseases fatal to humans.
i'm next door in Indiana (38 years) and i've never heard of either of those molds...he seems knowledgeable on the topic but i've never heard anyone talk about them here...
I think it would be good to go in on 10k with an additional 30k and you still come out ahead. You can’t do this from California and expect it to work. You have to periodically be there to inspect and make sure the contractors are good to go
This is why I love Ohio! Cash flow haven! But you definitely got to know what you’re doing and have local teams helping you out. I’ve picked up 4 properties out there and my returns are insane. When I tell people from California their minds are blown 🤯
Cheap houses are a reminder that property doesn't necessarily need to be expensive, and can drop in price. Places like Sydney and California are expensive because everyone is relying on the idea that others will keep increasing the amount they are willing to pay.
Great video. I own rental properties in Cleveland, OH while living in Toronto, Canada, and I don't use a property management company. I manage my houses myself. I've been investing in that niche, lower middle class neighborhoods, for 6 years.
I am so happy you guys met up! Been following your channel, Kevin, for a while, and found Mr. Investment Joy just two weeks ago. Sure you guys can learn a lot from eachother, good fortune to you both!
Great video Kevin! I like how you go to b-roll and voice over to setup the new subject of conversation. Fun learning what he does in Ohio too of course!
Very Interesting! In my country a house like that would most definitively be demolished. Just the mold liability alone. I would not personally probably want to spend any time in that house, coming from a mold house and health issues that caused.
Pretty much all houses are cheaply built. I grew up working construction, and it's extremely rare to see any house that's built well, but cheap ones are absolute shit.
When he said "Its not California nice" I flashed back to my southern CA living mom complaining about homeless people breaking into their $500,000 priced condo neighborhood and bathing in the HOA pool 😂
@@leonhenry4861 : In california, the police would have probably arrested the homeowner for being "insensitive" to the transient, drug-addled population who simply want to avail themselves to the same benefits enjoyed by the "privileged" people who work, pay taxes and keep the state viable. It's going to be tough to keep the state running as the ratio of productive contributors to tax-payer-subsidized leeches gets smaller.
I Really like these videos you are doing Traveling around the US looking at quirky markets. I think it presents ideas for problem solving in many different markets. 👍🏻
7:19 kitchen sink against a wall is a deal breaker for me. I had a kitchen sink against the wall for years, did a major remodel, so much better for it to be in front of a window.
At 9:14 Brandon has a brilliant answer to Kevin’s concerns about population decline in Midwest areas like this. The bottom isn’t much lower than it already is, and that leaves less room to go down in value. This is valuable insight. Kevin I’ve been following you since pretty early on if you remember and Brandon if you read this I’ve been following your progress for a few months now. You deserve all this exposure, you’re blowing up! Time to figure out how to upgrade the quality without losing the charm maybe? This is content I’m here for.
Quite funny to compare new buildings to old ones - we may have gotten better tools, but true craftsmanship is a rare thing these days. I really love old architecture - and i actually believe that old, well maintained buildings are healthier to live in than new ones. My office-building is from 1630 - almost 400 years old. I can work there all day without getting a headache, whereas my old office building from 2012 gave me a headache after a few hours, due to bad indoor climate. You couldn't open the windows, and the AC was terrible. Even though my current office is almost 400 years old, it still stands strong - quality work surely lasts longer! Although it has become a little crooked over the years, which i think is fair enough and actually gives it more charm! And it's a 100 times nicer to stay in. :D
I think Brandon's frugality goes a bit too far. Without putting some real money into these old houses you are stuck in the cycle of leasing to troubled renters that will only cause issues. I dont think its worth it.
That's why you never buy a home without having a "home inspection" done. I don't invest in real estate, but have just bought homes to live in. Probably not telling people anything they don't know, but I've found a home inspection is well worth the few hundred for it.
Brandon isn’t exaggerating about that area at all. Chillicothe is a rough rough town. There was a study that came out that said over 50% of the population is addicted to drugs. It’s a crazy place because it’s a small rural town, but you’ll see street walking prostitution, crazy drug violence, and the kind of devastating poverty you’d find in an inner city.
I'm surprised at the foundation for the year. I used to own an 1887 and the foundation was huge stones. Larger than 2' wide, with some sort of mortar in between. I am still curious how they flattened the rock on sill and interior/exterior
I always thought that houses like that had potential. My grandfather bought cheaper houses and managed them himself and did all the repairs. It allowed him to retire early back in the 80's. Seeing that I live an hour away from where you are at, I see plenty of these cheap houses and am looking to buy some of my own to add to my rental income.
Good point. And there's no 2:27 'mortar eating mold' - it's just old lime mortar that needs to be repointed every so often with adequate suitable lime mortar. Lime mortar, being softer and more porous than modern PC mortar, protects old bricks, keeping them nice and dry. P.S.: and I wear fedora all the time. JK - my head is too big for that.
Cheap houses are great as long as you know what you're in for and have taken Kevins Real Estate Investing Course! Honestly cant say enough how great the course is. This is not a paid comment. (Though I wish it was)
Nick Skye Hoyt you got paid by all the money his advice is going to help you make or the losses you may avoid to him bringing your attention to losing investments you may not have been aware of!
Will very true
Too nice to say this!! Thank you!!
Maybe you guys could work out a deal! ;)
@@MeetKevin can you do an analysis on properties in Indiana, please? I appreciate your hard work
The best place to buy are areas that have jobs. People will move there and demand will increase. Increased demand = increase in value doesn't even matter what you buy. I recently spoke with an investor who bought a garage in 1997 in Long Island City NY for 400k he recently got an offer for 5m. The garage itself is worthless but the potential of the land is whats expensive.
Bin Chen wowwwwww.... 400k to 5m. Just the thought of it makes me drool
@@cherrytung This story is the same for pretty much anyone who owned land anywhere near Manhattan. I'm sure its the same for every city. The areas surrounding the center of the city always appreciates like crazy as the city grows.
Thats technically true but also it has to do with just how expensive NYC market exploded in the last 20-25 years
Cherry Tung - Finance & Fashion had to wait 25 years for that not many have the patience
Yes the area has grown with business that amazon almost got in that area so speaking with them about their approach is worthwhile
I love that your filming out of California. What a dramatic difference in the market.
TURTLEY SHELLTASTIC I want him to come back to New York
@@justSTUMBLEDupon What makes California different, could it be the hard working immigrants and thieving muslims?
"you're"
@@actualfactual8737 the 9800$ house
It's "you're" dumbass. Stop being a dumbass, dumbass.
Beautiful house. That decorative woodwork over the porch is incredible.
Lars Sveen 👍🏻
Matt Reisinger could get that place ready to rent for $100,000
I died
Hahaha so good
170
And worth every penny. Kevin sounds like he really wanted to be in a conditioned space.
Matt would spent 100k to fix a house up with an arv of 75k 😂😂
I invest heavily in these types of properties in Indiana, primarily through tax sales and REO. I buy in bulk and have had houses I've had to literally give away. I also see more and more often, these out of state companies stuck with losing properties. If you don't have boots on the ground, do not invest. These old homes need more attention. The margins on these houses are microscopic. If you don't have economies of scale for renovation and a strong ground team, you are just gambling. This video is very accurate. If you don't heed these warnings, I will see your property on the next tax sale list.
I cannot stand those out-of-state guys investing they jack up the prices they ruin the market by overpaying for everything and then their properties just end up sitting
Joe Donohue hi, where do you find the tax sale houses or the tax sale list?
My man Brandon said “Traphouse” 🤣🤣🤣🤣
Reminds me of the great song from Redman.
Gm Visuals i was surprised asf
That shocked me a bit😂I laughed aloud, believe it or not
Always have to know where you're at!! Lol
Byron D Allen except it don’t go down where u at so it dont matter, you aint neva wrapped da work n get da vaseline to hide sa scent den send tht bih cross borders
Brandon saying he doesn't NEED to carry a gun, but still does, I decided to like the video.
Kevin, you are quickly becoming my favorite channel! You don't shy away from anything and you ask the hard questions!
Thank you!!
@@MeetKevin You definitely have what it takes to have a million plus subscribers!
That's for sure I've been watching him for over a year. He's genius and so personable.
I have that exact same roof. It's currently 119 years old and has at least another 50 left in it. You replace the old lead head nails with updated gasket screws and coat it all with silverseal every 20 years or so.
Wow that's so interesting. I thought metal roofs were a newer thing. Had no idea. I wonder how they made them back then and I wonder why they weren't more popular. Do you think they were expensive back then? I know slate was used very often on old houses in the midwest.
It's amazing how that is back in style now.
These kinds of videos are fascinating. Seeing different areas of the country and what homes are going for, what neighborhoods are like, etc. Love it. More please!
I currently live in Ohio and I'm used to seeing houses like this. Plenty of houses going for 20K! Good to see some of the potential problems. Still deciding on our real estate strategy and this video provided so much value!!
Thank you!!
Nice where at in Ohio? I'm closer to the Toledo area.
@@Mike_Affholder same here. Have you bought property here?
@@ByronDAllen nothing in Toledo yet I've been looking. I have three houses in fostoria.
Ok, now we know Kevin does not carry a firearm.
I advise all broker to get training and carry. Going out to vacant properties to meet strangers as part of your job should not require you to cross your fingers and hope for the best.
Good point
I would never go alone -just take a friend buy him lunch
And this should give people a better idea of how diverse the US economy actually is! The west coast California prices are way different than that of middle America Ohio prices, but everyone needs a place to live. BK
Living in middle America Ohio, it’s hard to be able to invest in properties as well.
There's no 2:27 'mortar eating mold' - it's just old lime mortar that needs to be repointed every so often with adequate suitable lime mortar. Lime mortar, being softer and more porous than modern PC mortar, protects old bricks, keeping them nice and dry.
Midwest builder/remodeling contractor here...Never power wash your asphalt shingle roof. If you have mold/mildew/fungal growth on your shingles, wet and forget is an inexpensive option that will not remove granules(reducing roof life by 20% or more) like a power wash job will. Also, there are shingles available that are resistant to the types of issues mentioned above that are not much more expensive than a standard premium shingle. Ask your local contractor when installing a new roof. /@meetkevin . If you're interested in getting into the Michigan market, email me.
I make shingles for a living... I second this DO NOT power wash shingles folks
I think there is some confusion about why the mortar crumbles. It's not that it's a mold that is "eating" the mortar. Mold collects on the surface of the mortar, and the mortar essentially degrades b/c moisture gets trapped inside of the mortar. The mold is attracted to the sand in the mortar. The fix is to use portland cement as the mortar as mold cannot grow on portland cement. Take note of this Kevin for any investment opportunities in the Northeast USA which are brick and have sanded mortar. Older homes which have been re-pointed have been re-pointed with portland cement and not sanded mortar.
Mold eats mortar cement and granite
@@vincentconti3633 saying that mold "eats" mortar is the uneducated explanation of what actually goes on. see my original post - it has everything to do with moisture and nothing to do with something "eating" something.
A "scientific" explanation. Thank you!
Kevin: ''You didn't even know there was a basement"
Brandon: '"That's scary, I hope nobody is living down there"
Appreciate that drone shot, the channel has always been professional but its getting better and better, keep it up 👍🏼
Thank you!!
*”Buy land, they’re not making it anymore.”*
Wolf of Dubai Stocks Investing Channel I mean that is true. But land is worthless without ppl using it.
Arvind Talukdar I could agree
Except in China or Saudi Arabia. They make it there. 😉
They might not be making any more, but Ohio has a LOT that's under utilized.
Buy land you'd use yourself anyway if another person wont buy or rent it.
Then rent out what you ain't using.
Gg
I live in north central Ohio. My landlord bought the house I live in for $5,000 during the recession. Did some work with family members to cut labor costs, and the home is now valued at over $70k. No roof, foundation, or ceiling work at all. Mostly cosmetic updates.
This landlord is the type of guy that builds and protects communities. His skills are highly beneficial to the community.
Quite an eye opener. Appreciate all the effort you guys put into sharing the local knowledge, and gotchas, and stories.
As a Midwesterner Kevin’s reactions are absolutely hilarious, much respect to Brandon!
"Shingles eating mold" ahaha love Kevin's laugh!!! Awesome video Kevin
@@wadebarnett2542 Now where the hell is the mold eating bacteria damn it!!! Also hit me up latinx...lol
Neat deal! All in on this house for 35k at $600 per month without any evictions or repairs for the next 5 years the owner would make their money back on 58.3 months..no bank or other solid investment offers this..gota love RE
Learned this lesson the hard way! Most houses in Muskegon, MI are under 50k. This looked great for cashflow(on paper)! Turns out tenants just destroy houses and don't pay! Also, homes didn't appreciate like I expected them to(or at all). Decided to liquidate and move back to Grand Rapids, where there are actually jobs and appreciation exists 😂
I'm in Michigan too
@@icefishing804 What part?
I've got the same situation in Akron, Ohio. I thought "how can you lose if you pay $9500??". But disrespectful renters and repairs have taught me different.
Should of used section 8
Section 8 is great.
My cousin left her house stranded in the west side of Chicago similar to this house. The roof was caving in, they had multiple problems of mold on ceilings and walls. It was a complete mess! The bank winded up selling the home for $120,000 on a home that was screed up!
I bought a cheap house in Youngstown Ohio area ten years ago,it was a nightmare,I live in Northern Virginia,it was a total nightmare.
Tell more? You owned a rental hundreds of miles from where you live?
@@ceruleanc505 yes I purchase a property right outside of Youngstown Ohio, with the intention to rent it out, paid a contractor to replace the windows, he screwed.
@@briankeith1007 What were you thinking?
Branden is the type of landlord I would like to to business with. Seems like a true and honest guy
This guy is dealing on Baltic Ave..... we gotta get him around the corner to Park Place & Boardwalk.
A lot more renters on Baltic.
Well I live in a HOA and surprise, we get to buy a new roof. Sorry they said we didn’t save for new roofs for the past ten years..the cost of home ownership is $ but still worth owning compared to renting in my opinion. 😂💕🇺🇸
Your opinion is correct!
HOAs 👎🏻
If the population declined then seek out retirees who can live anywhere in the nation. Those folks are a gold mine for the medical industry and would help to keep services in the area .
Smart
Nobody wants to live in Ohio.
Yet millions of people live there
here in Australia you'd be lucky to get a house like that in the middle of the desert for $190,000 this is close to what a trailer park mobile homes sell for, its even hard to find a small house block land for less than half a million, our real estate market is way over inflated
its the land that has the value. thats why you dont see abandoned houses in los angels, san fran, and san diego. the land is too valuable.
Brandon: We have mortar eating mold
Kevin: runs his finger through the mortar
Me: 😲. 🤦🏾♀️
Its not a mold, it something similar to moss and you DO NOT power wash the roof ever. That destroys the shingle.
Shingles with some copper or s copper ridge would prevent that.
I work at a shingle factory... I'll second this, DO NOT power wash them! And sm we use copper in every blend 👌
I love Brandon... He has great videos... I'm glad you guys have been able to make these videos together because I love both you guys ❤❤❤
Hes a crap shooter how can u love someone who bean shoots? His stories never are told the same , contradictories non stop and who is just a scammer
@@parkerniernstein2337 How do you know? Are you into real estate? I'm genuinely curious
Rita Dougherty real estate, remodeling.. if anyone listens snd is completely aware of their surroundings, u can listen to how the stories he yaps about change, alter, increase, every single time he tells the same story, if someone was talking facts or truths why would the story change, embellished, or differ? Only a crap shooter or bullshit artist does this. Someone very important once told me this... u cant bullshit a bullshitter. Every time he says something or says this is being done this is rehabed, but then he never follows thru or lost the photos or car went missing, i left it on my sim card , i just repaired the washing machines but then the same sign on the same broken machine is still visible and posted on that same machine.. what would u think?
That brick-eating mold is not mold.
It is a sign of water and vapor seepage with the white powder salts as remnants of the seepage.
You can see those salts on chimneys that do not have chimney caps to prevent water buildup inside the chimney.
You can see that on unprotected brick that absorbs water from without.
A simple waterproofing on the outside and inside can be a big help.
The chimney may need a chimney liner to prevent other gases from escaping through the interior brick.
Those salts can be water blasted or sand blasted off. You can also scrape them off followed by tuck pointing and waterproofing.
Close up that basement opening to the subterranean Earth as that is an open portal for rodents (rats and mice especially) to live, breed, and spread diseases fatal to humans.
If it's on the outside above the foundation....nah...it's mold
i'm next door in Indiana (38 years) and i've never heard of either of those molds...he seems knowledgeable on the topic but i've never heard anyone talk about them here...
Yeah I grew up in Ohio and have had investment properties for 15 years and have never heard of those molds either.
*That's a wedge without the deal 💪😂*
I think it would be good to go in on 10k with an additional 30k and you still come out ahead. You can’t do this from California and expect it to work. You have to periodically be there to inspect and make sure the contractors are good to go
This guy knows his stuff! He really knows the history
I am I roofer technician I central Ohio,gitting the roof done for 6k is very cheap it’s more like 12k
This is why I love Ohio! Cash flow haven! But you definitely got to know what you’re doing and have local teams helping you out. I’ve picked up 4 properties out there and my returns are insane. When I tell people from California their minds are blown 🤯
Cheap houses are a reminder that property doesn't necessarily need to be expensive, and can drop in price. Places like Sydney and California are expensive because everyone is relying on the idea that others will keep increasing the amount they are willing to pay.
Great video. I own rental properties in Cleveland, OH while living in Toronto, Canada, and I don't use a property management company. I manage my houses myself. I've been investing in that niche, lower middle class neighborhoods, for 6 years.
I am so happy you guys met up!
Been following your channel, Kevin, for a while, and found Mr. Investment Joy just two weeks ago.
Sure you guys can learn a lot from eachother, good fortune to you both!
Been watching his channel reminds me of when I managed property in Biloxi MS.
Great video Kevin! I like how you go to b-roll and voice over to setup the new subject of conversation. Fun learning what he does in Ohio too of course!
Thank you!!
The problem is those areas are not on the upswing. Crap neighborhoods draw crap tenants
Fix/sell cheap to DECENT but poor instead of renting to easy money druggies.
Better deals and less hassle in Knoxville. Better weather too. Oh and we have a housing shortage
dealing with cheap houses and the people that ain't nothing Brandon is a champ though.
I thought I was buying inexpensive houses. This dude is doing it.
Yo love the videos keep em up🙏😂
Thank you! Very nice video! 👍🏻👍🏻👍🏻
Thank you!!
Very Interesting!
In my country a house like that would most definitively be demolished. Just the mold liability alone.
I would not personally probably want to spend any time in that house, coming from a mold house and health issues that caused.
Well in war torn, bombed, shelled Syria, Yemen...it would be a castle.
When they talked about refurbishing the bathroom, I was saying "How about a door?" I wasn't the only one.
Think they need a lintel too judging by that crack over the door!
I don’t know about the baseball bat rule...I might skip that one lol
*Even some houses built today are cheap.* 🤔
Pretty much all houses are cheaply built. I grew up working construction, and it's extremely rare to see any house that's built well, but cheap ones are absolute shit.
Kevin is out there grinding!!!
So looking forward to hearing Kevin in person tomorrow in San Francisco!!
That house has some cool original woodwork. :)
Enjoyed the video! Informative and fun interview. 👍
Kevin living the life! Good stuff man
I love this segment! do more of these!!
It is an amazing video📹 Kevin, thank you! 👍
When he said "Its not California nice" I flashed back to my southern CA living mom complaining about homeless people breaking into their $500,000 priced condo neighborhood and bathing in the HOA pool 😂
Seriously, that's crazy. Did you have to call the police.
@@leonhenry4861 : In california, the police would have probably arrested the homeowner for being "insensitive" to the transient, drug-addled population who simply want to avail themselves to the same benefits enjoyed by the "privileged" people who work, pay taxes and keep the state viable. It's going to be tough to keep the state running as the ratio of productive contributors to tax-payer-subsidized leeches gets smaller.
@@KayFabe87 California doesn't seem like the great place they make it out to be. Such a shame that the people at the top don't care.
Me: Describe that renovation project with a movie title
Kevin: Neverending Story
I Really like these videos you are doing Traveling around the US looking at quirky markets. I think it presents ideas for problem solving in many different markets. 👍🏻
I love both you guys!
wow. really tuff to deal with the property, much less having to deal with bad people.
Great stuff dude. Thanks for telling like it is
That’s why I love the Midwest people in rural areas. That guy has zero care in the world with introducing his real self to you right off the bat.
If the price is right something else is wrong.
ooo that's a good line
Nah...not always...
Great video. Love the guys story about the electricty being stolen
7:19 kitchen sink against a wall is a deal breaker for me. I had a kitchen sink against the wall for years, did a major remodel, so much better for it to be in front of a window.
That house is candidate for a gut job, so you could lay out the kitchen however you want to.
Brandon is awesome! Loved the crossover. Woot!
Wheres the wallpaper?
Welcome to the midwest kevin lol
I did really love my trip and Brandon is amazing
I hate that Chicago is part of the midwest.
At 9:14 Brandon has a brilliant answer to Kevin’s concerns about population decline in Midwest areas like this. The bottom isn’t much lower than it already is, and that leaves less room to go down in value. This is valuable insight.
Kevin I’ve been following you since pretty early on if you remember and Brandon if you read this I’ve been following your progress for a few months now. You deserve all this exposure, you’re blowing up! Time to figure out how to upgrade the quality without losing the charm maybe? This is content I’m here for.
Love this video, so great to see real estate investing in my neck of the woods lol
As always great Info
great to see my 2 favourite youtbubers meetup. I would loved to have watched the live stream of your discussion over dinner
Kevin you have to zip up that coat in 14 degree weather!
Can I see the finnished house ?
Thanks for the Great information. Your walk thru and specific knowledge from a expert in Ohio.
Quite funny to compare new buildings to old ones - we may have gotten better tools, but true craftsmanship is a rare thing these days.
I really love old architecture - and i actually believe that old, well maintained buildings are healthier to live in than new ones.
My office-building is from 1630 - almost 400 years old. I can work there all day without getting a headache, whereas my old office building from 2012 gave me a headache after a few hours, due to bad indoor climate. You couldn't open the windows, and the AC was terrible.
Even though my current office is almost 400 years old, it still stands strong - quality work surely lasts longer! Although it has become a little crooked over the years, which i think is fair enough and actually gives it more charm! And it's a 100 times nicer to stay in. :D
Nothing can beat the mid-size houses bought in the wedge!!
Back taxes use to be buy it for nothing not anymore
I think Brandon's frugality goes a bit too far. Without putting some real money into these old houses you are stuck in the cycle of leasing to troubled renters that will only cause issues. I dont think its worth it.
He knows his market and the area. He is aiming at low rents. I never had a house that was left by the tenants better than they found it...
Imagine moving to a new state and becoming a home owner only to find there are molds are literally dissolving your house from under your feet.
That's why you never buy a home without having a "home inspection" done. I don't invest in real estate, but have just bought homes to live in. Probably not telling people anything they don't know, but I've found a home inspection is well worth the few hundred for it.
0:20 That leaning power pole looks totally safe.
Brandon isn’t exaggerating about that area at all. Chillicothe is a rough rough town. There was a study that came out that said over 50% of the population is addicted to drugs.
It’s a crazy place because it’s a small rural town, but you’ll see street walking prostitution, crazy drug violence, and the kind of devastating poverty you’d find in an inner city.
“Someday never came” omg this guy I naturally funny.
I'm surprised at the foundation for the year. I used to own an 1887 and the foundation was huge stones. Larger than 2' wide, with some sort of mortar in between. I am still curious how they flattened the rock on sill and interior/exterior
I like watching Kevin's videos because he tells you how it is and not some pie in the sky fantasy. Everything in life takes work & smarts.
Location, location, location, this is the mantra of every professional estate agent. Do not buy cheap and do not buy trailer parks.
I always thought that houses like that had potential. My grandfather bought cheaper houses and managed them himself and did all the repairs. It allowed him to retire early back in the 80's. Seeing that I live an hour away from where you are at, I see plenty of these cheap houses and am looking to buy some of my own to add to my rental income.
Mold is a fungus, not bacteria
Good point. And there's no 2:27 'mortar eating mold' - it's just old lime mortar that needs to be repointed every so often with adequate suitable lime mortar. Lime mortar, being softer and more porous than modern PC mortar, protects old bricks, keeping them nice and dry. P.S.: and I wear fedora all the time. JK - my head is too big for that.
I wish he would have showed you Dayton. I bought a 1970s house for $17k. Columbus market is inflated when compared to neighboring cities.