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!
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
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.
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.
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!!
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
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.
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 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
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.
“Traphouse” the good ol’ “shake-n-bake meth” out the Gatorade bottle & plastic bags... this is exactly who you want as your property manager... home boy’s from the streets! He knows what he’s dealing with, this is the PM that’ll take care of you. 👍🏻👍🏻
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.
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. 😂💕🇺🇸
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 🤯
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.
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 .
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
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.
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.
That's uncanny what you can do over such video with a Google maps and 5 min of free time nowadays. This place is 337 E 7th St, Chillicothe, OH 45601, USA. It would take may be one minute more if Brandon wouldn't mention exact factory name.
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...
@@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.
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
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
There are no cheap houses, only bad markets and overpaying. Brandon *needs* a gun on the trailer park property. Guess he also does not worry about buzzers. Must be smelling the paper factory. Over the years I've gone to school near a paper factory, candy factory, and spice factory. Let's just say Meatloaf was not correct.
back taxes are the most backwards reasoning I have ever heard of... Hey remember when you didn't own this property? yeah we need you to pay for that. I mean what?
The idea is that you research the taxes before buying so you adjust price according. The seller sold the house before the city took it for the taxes, otherwise the city would take the house and auction it off for the back taxes.
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.
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!
Code isn’t working. You’ve provided great value for free. It’s time i pay it back and pay you back, while getting paid back for it. But yeah, this code didn’t work. (I typed it into the coupon section)
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 was perusing Zillow, Redfin and the others, sooooo many 5k houses in Indiana. Many did not "appear " in disarray. I imagine these homes must not be in the best areas!
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.
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!
@@marke7443 I can understand why people want to remain in CA because its the only thing they know. Its their home. Although It probably would be better for them to relocate to cheaper markets. Although thats not really fair to them seeing how it was there home first.
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.
My Mexican good friend came to Jacksonville , fla , 32209 area back in 2016 with $300 in his Pockets , starting buying those $1000 Dollar abandon 1000sqt house , fix the Foundation with 30 Blocks of Cement , floor wood , new bathroom tile , Regut the KITCHEN , paint , total spent 4k plus 1k to own =5k rent for $850 Months x12 = 10.,200 a year , now he own 7 of these fast fix ,to rent out in 5 years buying and fixing , taking in 70k a year ,tax is $700 a year per house , not Bad for eating Tacos 70k a year still looking for deals , remember people Florida is Gold , warm weather all year long and Beaches with Hot Body all year long , forget the Midwest to cold for Me .
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
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.
QUESTION??? is it a good idea to get a realtor or real estate broker license when you are trying to buy rental properties but not try to sell properties?
It is not about the cost of cheap housing, it is about the tenants that you will get in bad neighborhoods. Housing is worth whatever the return on investment will be. Collecting rents and maintenance in bad neighborhoods is often a negative value. Sadly, the poor are poor for a reason, usually an internal reason.
I have too big a heart to be a landlord at some point I'd just have to give that long term renter lady that house especially if she's old now. Ya can't make money having a stupid big heart like I have I guess.
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.
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
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
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
As always great Info
Ha ha. I don't live too far from Hilltop.
Arrogant...picking on old people..as if they will never get old.....hah....this house has been ignored for a long time....
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.
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 😂😂
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
Brandon saying he doesn't NEED to carry a gun, but still does, I decided to like the video.
Beautiful house. That decorative woodwork over the porch is incredible.
Lars Sveen 👍🏻
*”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
Brandon: We have mortar eating mold
Kevin: runs his finger through the mortar
Me: 😲. 🤦🏾♀️
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.
@@Keto_Mike same here. Have you bought property here?
@@ByronDAllen nothing in Toledo yet I've been looking. I have three houses in fostoria.
slum lord
Why?
Kevin: ''You didn't even know there was a basement"
Brandon: '"That's scary, I hope nobody is living down there"
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.
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.
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
"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
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!
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?
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.
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.
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...
“Traphouse” the good ol’ “shake-n-bake meth” out the Gatorade bottle & plastic bags... this is exactly who you want as your property manager... home boy’s from the streets! He knows what he’s dealing with, this is the PM that’ll take care of you. 👍🏻👍🏻
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.
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 👎🏻
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 🤯
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.
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
Appreciate that drone shot, the channel has always been professional but its getting better and better, keep it up 👍🏼
Thank you!!
*That's a wedge without the deal 💪😂*
This guy is dealing on Baltic Ave..... we gotta get him around the corner to Park Place & Boardwalk.
A lot more renters on Baltic.
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
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 👌
My guy, just zip up your coat if you’re cold
the hot-shot investor, he can buy houses but not clothes.
José Pinto lmfao
*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.
This landlord is the type of guy that builds and protects communities. His skills are highly beneficial to the community.
U r really hustling I can’t believe u dont have more subscribers it’s bs
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.
That's uncanny what you can do over such video with a Google maps and 5 min of free time nowadays. This place is 337 E 7th St, Chillicothe, OH 45601, USA. It would take may be one minute more if Brandon wouldn't mention exact factory name.
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.
As a Midwesterner Kevin’s reactions are absolutely hilarious, much respect to Brandon!
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.
Still waiting for another episode to get to see you in a wet t shirt. ❤️
I am I roofer technician I central Ohio,gitting the roof done for 6k is very cheap it’s more like 12k
They manufacture toilet paper in central Ohio... Business must be booming
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?
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.
Branden is the type of landlord I would like to to business with. Seems like a true and honest guy
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
Back taxes use to be buy it for nothing not anymore
There are no cheap houses, only bad markets and overpaying. Brandon *needs* a gun on the trailer park property. Guess he also does not worry about buzzers.
Must be smelling the paper factory. Over the years I've gone to school near a paper factory, candy factory, and spice factory. Let's just say Meatloaf was not correct.
back taxes are the most backwards reasoning I have ever heard of... Hey remember when you didn't own this property? yeah we need you to pay for that. I mean what?
The idea is that you research the taxes before buying so you adjust price according. The seller sold the house before the city took it for the taxes, otherwise the city would take the house and auction it off for the back taxes.
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.
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!
Code isn’t working. You’ve provided great value for free. It’s time i pay it back and pay you back, while getting paid back for it. But yeah, this code didn’t work. (I typed it into the coupon section)
Fixed By the way Thank you for the email! Saw that right away
Kevin u know what a trap house is... lol
Lol...i bet he listens to Redman.
Kevin you have to zip up that coat in 14 degree weather!
I don’t know about the baseball bat rule...I might skip that one lol
Been watching his channel reminds me of when I managed property in Biloxi MS.
Im curious how the Trailer Park deal with Brandon is going? Did he get those trailers fixed up for his
7000 dollar per trailer budget.
Yes, would like to see an update on that.
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 was perusing Zillow, Redfin and the others, sooooo many 5k houses in Indiana. Many did not "appear " in disarray. I imagine these homes must not be in the best areas!
Btw, most Midwestern homes have basements and quite a few of the older homes have an attic, too.. Tornado rather than earthquakes are the threat.
And how much is the rent there??
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
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!!
Wheres the wallpaper?
What if California has a Earthwake and everyone leaves... Its risk everywhere.
Or what if the hordes and hordes of homeless get up and leave, find something affordable in Ohio ?
@@marke7443 I can understand why people want to remain in CA because its the only thing they know. Its their home. Although It probably would be better for them to relocate to cheaper markets.
Although thats not really fair to them seeing how it was there home first.
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.
Me: Describe that renovation project with a movie title
Kevin: Neverending Story
Wow with my condo I can buy 6 of those houses and make some money or 3 in better condition instead of sitting in this freaking condo
Dude should just shave all his hair off.
That house has some cool original woodwork. :)
The real nightmare:
*too much wedge!*
Cherry Tung - Finance & Fashion More wedgie than wedge. 😄
Cherry Tung - Finance & Fashion More wedgie than wedge. 😄
Bite Hunter uhh what?
My Mexican good friend came to Jacksonville , fla , 32209 area back in 2016 with $300 in his Pockets , starting buying those $1000 Dollar abandon 1000sqt house , fix the Foundation with 30 Blocks of Cement , floor wood , new bathroom tile , Regut the KITCHEN , paint , total spent 4k plus 1k to own =5k rent for $850 Months x12 = 10.,200 a year , now he own 7 of these fast fix ,to rent out in 5 years buying and fixing , taking in 70k a year ,tax is $700 a year per house , not Bad for eating Tacos 70k a year still looking for deals , remember people Florida is Gold , warm weather all year long and Beaches with Hot Body all year long , forget the Midwest to cold for Me .
Better deals and less hassle in Knoxville. Better weather too. Oh and we have a housing shortage
If the price is right something else is wrong.
ooo that's a good line
Nah...not always...
This guy knows his stuff! He really knows the history
Yo love the videos keep em up🙏😂
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'm down. Buy it rehab it and put it on section 8 to get higher rent
Section 8 in this area (about 45 mins away in Indiana) is lucky to get 325 per door.. when you can rent it for 600 that just makes no sense
Wtf?
they have hair eating mold aswell
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.
$10000? Wtf? In my country that cutie would fetch no less than $400000 IN CURRENT CONDITION, up to $1.5M in the big cities.
his algae feeds off the limestone filler in your shingles
dealing with cheap houses and the people that ain't nothing Brandon is a champ though.
uhhm if its yellow let it mellow?
QUESTION??? is it a good idea to get a realtor or real estate broker license when you are trying to buy rental properties but not try to sell properties?
I don’t think so
RE brokers will dicker on the commission especially if it is an in-house listing!! Always worth a try.forget the license!!
You know white white when don't know what a traphouse is 🤣🤣🤣🤣 ... Expand your world my Caucasian friends
Quite an eye opener. Appreciate all the effort you guys put into sharing the local knowledge, and gotchas, and stories.
It is not about the cost of cheap housing, it is about the tenants that you will get in bad neighborhoods. Housing is worth whatever the return on investment will be. Collecting rents and maintenance in bad neighborhoods is often a negative value. Sadly, the poor are poor for a reason, usually an internal reason.
I have too big a heart to be a landlord at some point I'd just have to give that long term renter lady that house especially if she's old now. Ya can't make money having a stupid big heart like I have I guess.
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.
Asphalt eating mold and brick eating mold? I've never heard of those and I grew up in Ohio and have properties there.
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.
That Investment Joy man has got his shit together. He's pretty damn funny too!
Location, location, location, this is the mantra of every professional estate agent. Do not buy cheap and do not buy trailer parks.
Can I see the finnished house ?
Silly question. ..was this guy in the NAVY bout 20 years? I think I know this guy.