"Hey honey, it's that guy again who sold us this house. He's walking around this time on the sidewalk with a cheesy game show microphone. He's actually starting to scare me now"
I like Kevin, good story teller. I can this guy blowing up, specifically because he is a smart dude without fear of having an opinion. I have been investing for years and he is solid.
5:13 Worries that dirty car is bad for business. Literally 1 second later: Films himself blowing through a stop sign in a school zone and uploads it to youtube. Gottem.
Saving doesn’t multiply money.rather than saving,you should buy assets,trade or invest but make sure you run a background check up on your source before you invest. ensure you are investing through a solid foundation source to avoid losing funds
In as much as making money is a lot easier through investment,investors tend to overlook the importance of getting a skilled entity which will serve as guidance against huge risks and that is why most people lose trading
@@wilkesamish5957 i have lost investing with rigid traders,I’m still trading and learning to improve my technique,i just need to do my research on a more solid source to invest and earn
@@dayecastro874 you should trade with an expert to secure your financial position and earn,So far i can only recommend wilson as she renders good trading consultancy,contact her for help
One word of caution to those who are still young like Kevin here.... Kevin is definitely doing it right! I ran a similar path to Kevin in my 20's and am now 41. The one word of caution is don't over-leverage. Be sure you can cover multiple mortgages in an economic downturn because I guarantee you will come across a time where unemployment is high and renters are hard to come by.... and if you cannot maintain carrying multiple properties on your own without renters for 6 months up to a year... you will find yourself in hard times and will need to get creative.
What does over leveraging mean? Say you paid the 20% dp, and have maybe 60% occupancy in your portfolio during a recession. You're meaning to say that there should be enough profit left over from the other properties and your day job to cover the rest of the mortgages? This is on a 30 year mortgage. How about if you get interest only loans where you don't pay down the principal? I'm guessing what I'm asking is if I'll be forced to foreclose on those homes I can't pay off monthly mortgages of? In that case, shouldn't I just stick to interest only mortgages if I'll end up having to give up all my equity in the end?
@@ethangrossma4828 I was about to comment the same thing, I was looking into properties not to long ago and decided to lay back before jumping in the game. told myself that everyone is trying to jump on the same boat maybe i should for the moment jump on the next one
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market?
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals.
@@MIchaelGuzman737 I fully agree; I'm 60 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@Ammo-Hoarder Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
When he said his course was only $250, I realized how dumb I was to pass up this offer a year ago. When the pandemic started, with no real estate experience, I paid $500 for the course. Haha. Still worth it. Two weeks ago, I closed on my first home with $40,000 of instant equity.
I’m 25 and dream to have rental properties, I’m nervous about making the first step but these videos make me more confident and that much closer to making the first step.
Jacob Vaupel I was nervous too...but I finally did it this year...it wasn’t as hard as I thought...just take notes from multiple gurus and do your research. Then dive in, and learn more! It’s worth it.
I'm currently 25 as well! I currently have two properties that cash flow me $1100/mo :) I talk about my experiences and knowledge on my TH-cam channel as well!
Lets be honest, RuneScape taught us how to trade (on GE e.g. BTD, Swing trade, spread trade, meme trade (phats & rares)) and economics (inflation, supply & demand)
I'm not hating but his net worth was never even at $5.5M, his real estate portfolio was. Net worth according to the IRS is net liquid assets. Real estate is not a liquid asset. Not only that, but he doesn't own all the houses outright the bank does. He has equity sure but he also has a lot of mortgage debt along with it
@@xxnf99987 surprised no one corrected you. His net worth is definitely right. He only considered the equity portion of his real estate in the calculation. He didnt count the portion still on loan..which is the correct way to do it. (I.e. if u owe 200k on a 300k house..100k counts towards your net worth)
Your the Man Kevin, i usually envy rich people but what your doing helping and sharing your knowledge to us to be in your position shows your a great person in heart, thank you 👍🏼
Thanks for the video Kevin. I'm 27 and just getting started. Wish I would have started sooner, but I'm glad to be getting the ball rolling on building my own wealth through real estate!
I was about to start a one year lease... this video motivated me and educated me that buying a home is a possible for me and beneficial as it will increase my net worth as well as my future buying power... Goddamn Kevin, thanks!
I actually delivered an amazon package to that neighbor.. and yes I met Kevin during my route. Such a great guy! 😊 If it wasn't for his advise I wouldn't have been able to move out that way!
Realistically, if prices drop 1% then you lose $55,000, 2% you lose $110,000, 3% you lose $165,000, etc. In 2009 prices went down 40-50% or more in some places. If you own $5.5M in real estate and owe $3M, if it all dropped in half the houses with be worth $2.7M and you would still owe $3M, thus being in bankruptcy territory possibly since rents drop also. Just saying.
I mean you should keep in mind what he has already made, so at this point the worst case scenario would be to break even. On most of the houses he bought for $400k or less he still wouldn't lose anything because he'd still be in the positive... even if prices dropped 3%. But the knowledge in and of itself is priceless, no? He can still work and make money.
Unfortunately, Historically during recessions rental prices don't actually drop too much in the median group, and lower tier rentals actually go up in value as more people are trying to move somewhere cheaper.
@@iBeo01 You think prices only drop 3%? Go look at Vegas and LA how much prices dropped after 2009. In 2013 I bought a house for $40k and it was worth $250k, now worth about $280k. I bought another for $21k and it's now worth $200k. Prices sometimes drop 40-90%. I can give you the addresses and you can look it up on Zillow if you don't believe me. I sold those two a couple of years ago just to cash out. Don't think a million dollar place can't go to $200-300k because it just happened only a few short years ago. I've been investing since 1995 so I've seen the ups and downs. Young people have never seen the downs.
Good point but to be fair, Kevin was 19 and just starting out. The advice still works without a co-sign if you’re more established with a decent income!
@@CorporateBillionaire my guy, a $400,000 loan is not as much as you’re thinking. You’re thinking like the 95%. If you can get a 15% down payment on the house and have at least a decent credit score, there should be no problem. Save up for 4 years during college, and then put a $60,000 down payment effortlessly. Live with your parents for a few years, who gives af.
True, but give the guy credit for having a determined ambition and willing to go the distance. Everyone has to start somewhere and somehow, then from there they can sail however they want.
I bought stocks instead of going into real estate because I didn’t know anything about it and was afraid of the commitment. I thought I did very well, but Kevin did way, way better. Good for him. I hope I don’t compete with him for a house one day.
Oh my! How nice to Have made all this so early, I devalued the the power of investing at a young age, it’s securing your future. I’m not much on investing on real estate but just about a year ago I began making good returns from the stock and fx market. I advise younger ones to get about investing early also wisely
@@jeffereywalsh8950 don’t be so alarmed. I’m no pro yet. However I met a pro analyst on a cruise ship about seventeen months ago. We became friends and before the cruise was over he began showing me a thing or two. For over a year now I’ve continued earning profit off the trade market as a result of his guidance. Do get to his box hovikmorte. com
YOU SHOULD MAKE A VIDEO ABOUT HOW YOU DEAL WITH YOUR TENANTS/ WHAT YOU CONSIDER ABOUT RENTING THE PLACE TO PEOPLE etc. Dealing with people is extremely hard. The tenants are protected by law. What kind of agreements do you get them sign in order to guarantee yourself?
Just bought my first property at 19, $300,000. 1960 house that I plan to spend $15,000 once I get that, re appraise and get a HELOC for the next one. Thanks for all the insight, you might be the first TH-camr I get a course from
@Competition Sports 2019 I would still keep 20% equity in my first deal after the HELOC, I won't do it right away, only when I have 35% equity in it after renovate kitchen, washrooms, and changing carpet to laminate in most of the house. House prices are going up 8-12% every year in my city, so adding that to the renovation I should build equity pretty quickly in a couple of years to buy my next one
This is the one topic that nobody talks about in Real Estate. Everyone just hypes you up and shows you massive profits. I know that buying it right makes it a deal, but renovations can make it a non deal. Currently under contract on a 6 plex. Water in the basement, 20k+ repair
Same here exactly. During my twenties, also in Los Angeles, I was very happy renting a 2 br apt with a swimming pool. Then I got married and my wife pushed me to buy our first 48k overpriced house. To prove her wrong I bought a 4-plex for less in a nicer location for 40k. 4 yrs later i quit my engineering job and have been buying and selling rental real estate forever.
Yes the daddy factor is very hard to ignore with these young financially independent dudes. With no daddy, you can add 10 years or more to your hustle.
Pretty awesome bro! I see negative and lazy people commenting non-sense, saying crap like “oh you really didnt start with zero money”, or “how did you go to europe if you were broke”, simply reflecting their self-doubt, something-for-nothing mentality and self-limitations. But I command you on making it happen and showing that it isn’t that complicated and it is possible if you take the initiative and take the plunge and start. Of course it’s not easy, but it’s doable and possible. I also like the part about “the secret”. We truly attract what we think about most. Congrats sir! Definitely inspired me.
It's daunting because they aren't paid off yet. He probs has $1-2m equity. The most important thing is making sure you aren't paying for tenants to live in there and that the tenants are paying your mortgage. Positive cash flow is just a bonus.
Say a property is worth 100k, you put in 20k and finance 80k with debt. Now you put in repairs worth 20k more. But now the property is worth 150k instead of 120k( 20+80+20). So now if you sell the property for 150k, you will first repay the 80k debt, and you will be left with 70k, while you only invested 40k, moral, debt did not grow while equity grew exponentially.
@@jeajea Yes and No. The numbers I used are random, though close to realistic returns. Definitely impressive returns but stocks have different advantages. Specially in times like this where you can make money even when they're going down.
I have been with *VladimirCorp* for only two months and thanks to them I really do not have to depend on anyone anymore , not even my parents , I’ve made enough to get my own house thanks to them.
I had interest investing in cryptocurrency but i was discouraged by friends and family saying it's scam. I wish i had invested and even learnt trading.
imagine trading with no good returns, heartbreaking right. cryptocurrency is a perfect investment for people that can trade and have understanding on what to buy and sell not me. I need mentorship on that field.
Amyn Guy lol which is good, just cause market doesn’t dip after corona virus doesn’t mean sectors and industries didn’t have limitations, good news is only good compared to bad news, we got bad news we are getting better news, asset prices grow
Very engaging... I don’t watch long videos but here I am at the 23:16 mark and counting 😆. Great story and video style! Awesome portfolio! Keep inspiring✨
more than the money, I'm so jealous of your relationship and how you managed to find such a long lasting relationship at such a young age. That's worth more than all the money in the world.
There’s much to learn from kevin but the moment he said his dad was able to co-sign for him for a HOUSE purchase, I already knew that I was at a huge disadvantage.
Alex z saying that I was at a disadvantage financially has nothing to do with my current state of ambition. Stop judging people based off of a small TH-cam comment.
Father-in-law I believe - but you're right that is an advantage. He could've done it himself with a couple years of W2 income under his belt like most people have though.
Originally I discovered your channel because of the stimulus check updates, but I just recently fell down the rabbit hole of your channel and I've fallen in love with it. SUBBED!
It’s amazing, my husband and I were waiting on a bid and that did not go through however we were determined to buy our first rental and a day after we were told the deal could not go through we saw a listing go up in one of the best neighborhoods in our area. We made an offer and seller accepted. It was worth it and after a flip we are good!
Kevin, if you want to blow up on youtube.. You need to stop with the constant push to buy your Real Estate Course. It makes you look scammy! If people want to buy your course, they can find it in the description. The way you pitch your course comes off as disingenuous. I love your videos and personality but when it comes to the constant push of your course, it really turns me off from your videos. Just my opinion anyway.
Do you also feel you "lucked out" by starting your journey in the year that you did? Have you ever projected how you would have been if you started this journey in 2004 or 2005? So much is luck.
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Because 3.5% is the amount you need for a house you're going to live in for a certain amount of time, and for most working class average people making barely a living wage, that's faster than trying to save up idk 50-100k? Granted, Kevin and Lauren didn't waste that year they lived in the house, they basically bought a fixer upper and fixed it up, therefore it appraised for more and they got to use the equity for the purchase/down payment of the 2nd house.
No wonder why I was drawn to that subscribe button! It's a freaking icon of RuneScape stack of gold at the bottom right of the video! Great content as well 👍
Our stories are so similar yet so different. We're both 28, raised in FL, moved to Socal for one reason or other (Navy for me), first car was a black Toyota Prius, I aspire to own a Tesla and I swear I drive on Telephone rd every other day. Currently renting in Port Hueneme. I've been dabbling in stonks, which is how I found you in the first place thanks to this group chat, but have always considered real estate AFTER I make it big on Wall st, well now I'm convinced I should reverse those operations. So glad I found your channel!
Co-signed by father....eureka, something there I knew where help from another had to be an intervening element to your overall success. Wish I had a “co-signer”.....thanks for sharing your story
Funny story. I was at my sister's house and talked about one of your videos. She saw you and said that you were her real estate agent several years ago and mentioned how you act exactly like you do on video. But back then you were a newbie to real estate, but her family loved you.
Sounds like your excuse to sit on your ass and not do shit. “I dIdNt CoMe FrOm MoNeY” every wealthy family started from someone who didn’t come from money. Stop making excuses and do educate yourself
New subscriber here. Thanks for sharing your business/real estate success. I look forward to more videos on the housing market opportunities during a potential downturn.
Most people don't do research or don't do it properly, My research led me to Ms. Catelyn Norris, a professional broker who offers a way to understand the crypto market.
I just received my ROI into my wallet through one of her platforms and I am pretty impressed by her strategies there are just unique, am not gonna to say much, Its healthy to take risk especially when in pursuit of success.
@@claystonetradingonline5127 Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
graham stephen, meet kevin, the list goes on, y’all will b the reason i reach financial freedom before 30
And there's a lot of us "old guys" who are working at "coming from behind" thanks to these guys.
soulstice hey man I’m a huge fan of Graham. Is Kevin’s content worth listening too?
Mantra Music Absolutely
ive been binge watching these videos on investing in real estate and im only 13 lmao
Check out Chris Hogan also and bigger pockets if you haven't already.
"Hey honey, it's that guy again who sold us this house. He's walking around this time on the sidewalk with a cheesy game show microphone. He's actually starting to scare me now"
omg this is too good
haha
Lol that's what I was thinking. Kris Krohn does it too, he keeps going back to his first house he sold and recording out in front
Arthur Fonzarelli broooo pleas your contact number
@@cherrytung lmao finance and fashion... idk if someone who does fashion should do finance😂🤣
The Secret = Start buying houses right after the biggest recession in the past 80 years.
Really can't lose in that case. Survivors bias at its finest.
With the help of your father who's financially stable enough to cosign on another mortgage
My 401k more than doubled in the past 5 years... time to start a youtube channel explaining the secret to my success.
@@jackon6546 Exactly. And just imagine if for 4% annually you could've 4x leveraged your 401k starting 5 years ago.
Great point! 😃👍
Just know this guys now got a 53 MILLION dollar portfolio in 2021. Good job Kevin, consistent quality content creation does pay off.
Amazing how profitable grifting can be.
I like Kevin, good story teller. I can this guy blowing up, specifically because he is a smart dude without fear of having an opinion. I have been investing for years and he is solid.
See this used jet ski behind me? I could buy it and still have enough cash to buy a chipotle burrito, and here’s my story
For shits and giggles you should make this a video. I’ll make like 3 profiles and sub as a down payment
then sell the burrito for more cash. then use that to buy another one and keep flipping burritos.
😂
Y’all sum else😂😂
If burrito flipping was a thing, I might qualify for financing.
5:13 Worries that dirty car is bad for business.
Literally 1 second later:
Films himself blowing through a stop sign in a school zone and uploads it to youtube. Gottem.
Hahaha, Brian that's what I said too. Not sure if I would trust him with my money, attention to detail isn't that great.🙄
I’m dead💀😂
Good catch.
wearing his #dontsuemebro shirt
Im out
5:20 he didn't stop for the stop sign!
Saving doesn’t multiply money.rather than saving,you should buy assets,trade or invest but make sure you run a background check up on your source before you invest. ensure you are investing through a solid foundation source to avoid losing funds
Smart way to think . Endeavor to do your own research to avoid huge risk of losing hard earned money
In as much as making money is a lot easier through investment,investors tend to overlook the importance of getting a skilled entity which will serve as guidance against huge risks and that is why most people lose trading
@@wilkesamish5957 i have lost investing with rigid traders,I’m still trading and learning to improve my technique,i just need to do my research on a more solid source to invest and earn
@@dayecastro874 you should trade with an expert to secure your financial position and earn,So far i can only recommend wilson as she renders good trading consultancy,contact her for help
Ellenwilson020@gmailcom
I'm positive kevin ran that stop sign for comments. Guy is a genius
Graham Stefan screaming at Kevin why he bought avocado toast
Simon Ionashku And Tesla X instead of 3
@@tommymack3210 he probably got the x before the 3 was out. And the x is more family oriented than the 3
🤬fu my disciple
@@deadfrominside698 0
One word of caution to those who are still young like Kevin here.... Kevin is definitely doing it right! I ran a similar path to Kevin in my 20's and am now 41. The one word of caution is don't over-leverage. Be sure you can cover multiple mortgages in an economic downturn because I guarantee you will come across a time where unemployment is high and renters are hard to come by.... and if you cannot maintain carrying multiple properties on your own without renters for 6 months up to a year... you will find yourself in hard times and will need to get creative.
SurfingKook his youtube views create income i get thats not the case for most real estate investors/agents though
Very good word of caution! I am afraid few people will take it and end up like in 2008.
What does over leveraging mean? Say you paid the 20% dp, and have maybe 60% occupancy in your portfolio during a recession. You're meaning to say that there should be enough profit left over from the other properties and your day job to cover the rest of the mortgages?
This is on a 30 year mortgage. How about if you get interest only loans where you don't pay down the principal?
I'm guessing what I'm asking is if I'll be forced to foreclose on those homes I can't pay off monthly mortgages of? In that case, shouldn't I just stick to interest only mortgages if I'll end up having to give up all my equity in the end?
@@dave45032 oh cool like right now?
@@ethangrossma4828 I was about to comment the same thing, I was looking into properties not to long ago and decided to lay back before jumping in the game. told myself that everyone is trying to jump on the same boat maybe i should for the moment jump on the next one
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market?
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals.
@@MIchaelGuzman737 I fully agree; I'm 60 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one.
@@Ammo-Hoarder A million dollars in profit is a fantastic achievement; how can I contact this advisør of yours?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@Ammo-Hoarder Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Oddly enough, a year later, he basically became a news reporter..
Worth 20+ million too.
@@hardkombucha Thanks for your comment ... Let's discuss more about crypto future/profits.
When he said his course was only $250, I realized how dumb I was to pass up this offer a year ago. When the pandemic started, with no real estate experience, I paid $500 for the course. Haha. Still worth it. Two weeks ago, I closed on my first home with $40,000 of instant equity.
Bro really no way? Is he gonna still have it next year when I’ll be 18
TJ Miner He definitely will have it next year. It’s a lifetime access after purchase. But at what price next year? Haha
Benjamin Xiong good good thank you
Congrats my Hmong brother!
Lol, tell me more SCAM
My guy said screw the stop sign 5:20
Haha I saw that too!
😂😯
It’s an attention tactic he does so when people see him do it they look at his car
@Karol Szymon Wiśniewski are you fucking forreal
@@jarrettwilliams2422 but there was no one around tho? Lmao
I'm always so excited to see a new Meet Kevin notification when opening my phone for morning break. Gets me motivated for the rest of my day 😁
Watched twice. So much information. This video showed your vulnerability and courage.
Good job!!!!!
superb video man
thats some good success
making me wanna get into home buying and such
in due time
^
I’m 25 and dream to have rental properties, I’m nervous about making the first step but these videos make me more confident and that much closer to making the first step.
Jacob Vaupel I was nervous too...but I finally did it this year...it wasn’t as hard as I thought...just take notes from multiple gurus and do your research. Then dive in, and learn more! It’s worth it.
quit bein a pussy ass nigga
I'm currently 25 as well! I currently have two properties that cash flow me $1100/mo :) I talk about my experiences and knowledge on my TH-cam channel as well!
I'm 24 man just about to close on my first place. You have to plant the seed now to set your self up for the future just dive in and go for it
Travis Brown that’s awesome! I’m pumped for you! We are setting ourself up for success!
I Bet Kevin had max cash stack in RS
Convict Clava haha I played rs! Most I had was 1bil
Yeah but he won’t meet me lev 35 wilderness
This bitch ass have a granite shield
Lmaoooo
@kevin won’t dance for GF
I love how you totally ran that stop sign 😂
Thought I was the only one who seen it...
He can do whatever he wants if it’s a TH-cam video😂🤙
I played RuneScape and counter strike Hahahaha step one complete
Same Runescape was the game. Step one check haha
Played RuneScape? One doesn’t stop playing RuneScape only long breaks mate
Lets be honest, RuneScape taught us how to trade (on GE e.g. BTD, Swing trade, spread trade, meme trade (phats & rares)) and economics (inflation, supply & demand)
@@UnappreciatedTaste Can't agree more
I played ultima online. I'm screwed
Back when he had a measly $5.5M
[update : his net worth over $20M now...]
I'm not hating but his net worth was never even at $5.5M, his real estate portfolio was. Net worth according to the IRS is net liquid assets. Real estate is not a liquid asset. Not only that, but he doesn't own all the houses outright the bank does. He has equity sure but he also has a lot of mortgage debt along with it
@@xxnf99987 -sounds like you are hating 😂
@@MattTheMortgageGuy I'm not lol I actually like Kevin. I enjoy some of his stock market analysis.
@@xxnf99987 - all good, I was just razzing you! 😃
@@xxnf99987 surprised no one corrected you. His net worth is definitely right. He only considered the equity portion of his real estate in the calculation. He didnt count the portion still on loan..which is the correct way to do it. (I.e. if u owe 200k on a 300k house..100k counts towards your net worth)
Your the Man Kevin, i usually envy rich people but what your doing helping and sharing your knowledge to us to be in your position shows your a great person in heart, thank you 👍🏼
Thanks for the video Kevin. I'm 27 and just getting started. Wish I would have started sooner, but I'm glad to be getting the ball rolling on building my own wealth through real estate!
tcormier321 same here.. fml
How’s it been going for you guys
You're the man Kevin 😀👍
Thank you!!
I was about to start a one year lease... this video motivated me and educated me that buying a home is a possible for me and beneficial as it will increase my net worth as well as my future buying power... Goddamn Kevin, thanks!
Thank you!! Anytime Jorge!!
How much of that $5.5m actually belongs to the bank? Liquidate everything, settle all debts and how much are you worth?
Yeap, they are swimming in debt
Yeap, they are swimming in debt
Probably 500k hahaha
I actually delivered an amazon package to that neighbor.. and yes I met Kevin during my route. Such a great guy! 😊 If it wasn't for his advise I wouldn't have been able to move out that way!
Realistically, if prices drop 1% then you lose $55,000, 2% you lose $110,000, 3% you lose $165,000, etc. In 2009 prices went down 40-50% or more in some places. If you own $5.5M in real estate and owe $3M, if it all dropped in half the houses with be worth $2.7M and you would still owe $3M, thus being in bankruptcy territory possibly since rents drop also. Just saying.
I mean you should keep in mind what he has already made, so at this point the worst case scenario would be to break even.
On most of the houses he bought for $400k or less he still wouldn't lose anything because he'd still be in the positive... even if prices dropped 3%.
But the knowledge in and of itself is priceless, no? He can still work and make money.
Unfortunately, Historically during recessions rental prices don't actually drop too much in the median group, and lower tier rentals actually go up in value as more people are trying to move somewhere cheaper.
It is a real estate market. It should be treated as such.
@@iBeo01 You think prices only drop 3%? Go look at Vegas and LA how much prices dropped after 2009. In 2013 I bought a house for $40k and it was worth $250k, now worth about $280k. I bought another for $21k and it's now worth $200k. Prices sometimes drop 40-90%. I can give you the addresses and you can look it up on Zillow if you don't believe me. I sold those two a couple of years ago just to cash out. Don't think a million dollar place can't go to $200-300k because it just happened only a few short years ago. I've been investing since 1995 so I've seen the ups and downs. Young people have never seen the downs.
@@networth00 Good advice.
Very impressive arguments. I never saw buying single-family homes from your perspective, but you are definitely making sense to me!
Thank you!!
So....if your dad never co-signed, you'd be screwed!?
Good point but to be fair, Kevin was 19 and just starting out. The advice still works without a co-sign if you’re more established with a decent income!
@@CorporateBillionaire my guy, a $400,000 loan is not as much as you’re thinking. You’re thinking like the 95%. If you can get a 15% down payment on the house and have at least a decent credit score, there should be no problem. Save up for 4 years during college, and then put a $60,000 down payment effortlessly. Live with your parents for a few years, who gives af.
True, but give the guy credit for having a determined ambition and willing to go the distance. Everyone has to start somewhere and somehow, then from there they can sail however they want.
I bought stocks instead of going into real estate because I didn’t know anything about it and was afraid of the commitment. I thought I did very well, but Kevin did way, way better. Good for him. I hope I don’t compete with him for a house one day.
I’ve been telling all my co-works about you. You have all our votes. 😁
Honors classes in Florida are like remedial classes anywhere else. J/K. Good work bro!
😂😭😂😂😂😂 for real though.
Oh my! How nice to
Have made all this so early,
I devalued the the power of investing at a young age, it’s securing your future. I’m not much on investing on real estate but just about a year ago I began making good returns from the stock and fx market. I advise younger ones to get about investing early also wisely
No doubts nothing is as good as knowing as you grow old you’ve got some millions in the savings all debts cleared. Wise words man
I’m curious how you making returns on stocks bro. What’s up?
@@jeffereywalsh8950 don’t be so alarmed. I’m no pro yet.
However I met a pro analyst on a cruise ship about seventeen months ago. We became friends and before the cruise was over he began showing me a thing or two. For over a year now I’ve continued earning profit off the trade market as a result of his guidance. Do get to his box
hovikmorte. com
And I advise young people to be good at chess so they can become a champion.
Riches don't come quickly...
Unless you're subscribed to Meet Kevin
Ah Thank you!!
You are actually the fourth person that have spoke great about this strategy,
I think I will try it out
YOU SHOULD MAKE A VIDEO ABOUT HOW YOU DEAL WITH YOUR TENANTS/ WHAT YOU CONSIDER ABOUT RENTING THE PLACE TO PEOPLE etc. Dealing with people is extremely hard. The tenants are protected by law. What kind of agreements do you get them sign in order to guarantee yourself?
Just bought my first property at 19, $300,000. 1960 house that I plan to spend $15,000 once I get that, re appraise and get a HELOC for the next one. Thanks for all the insight, you might be the first TH-camr I get a course from
Damn I'm 18 and considering to buy a rental property
@Competition Sports 2019 I have no idea what a heloc is but I'll research it lmao
How did you get 300k kid?
@@exile9237 I didn't get 300k, I had 35k down payment, saved that working part time in high school and investing in stocks.
@Competition Sports 2019 I would still keep 20% equity in my first deal after the HELOC, I won't do it right away, only when I have 35% equity in it after renovate kitchen, washrooms, and changing carpet to laminate in most of the house. House prices are going up 8-12% every year in my city, so adding that to the renovation I should build equity pretty quickly in a couple of years to buy my next one
Kevin, you should cover the topic of finding the right contractors and permits. That would help a lot. Love the vid
This is the one topic that nobody talks about in Real Estate. Everyone just hypes you up and shows you massive profits. I know that buying it right makes it a deal, but renovations can make it a non deal. Currently under contract on a 6 plex. Water in the basement, 20k+ repair
Hmm. Went from 0-5.5 mil because I was born in cali, and daddy cosigned for me.
And a good bit of hustle.
Makes sense.
This was really good 👍👍
you are unbelievable... thanks for the inspo !
Same here exactly. During my twenties, also in Los Angeles, I was very happy renting a 2 br apt with a swimming pool. Then I got married and my wife pushed me to buy our first 48k overpriced house. To prove her wrong I bought a 4-plex for less in a nicer location for 40k.
4 yrs later i quit my engineering job and have been buying and selling rental real estate forever.
Do you believe that your salary as an engineer was a contributing factor, by making good money which in turn would let you invest that said money?
So how exactly did you go to Europe if you had no money. I've have never heard of a student with 0 money going to Europe on a "school trip" ?
Daddy's money probably.
I mean i went to Finland, Norway with school trips by programs so it was almost free
In Florida we do 😂
Yes the daddy factor is very hard to ignore with these young financially independent dudes. With no daddy, you can add 10 years or more to your hustle.
Those trips are usually sponsored and paid for. Not by his parents. If anything his parents gave him spending money for out there.
Took honors and AP classes.. did bad because he played runescape
It just shows you why AP classes unless interested hold no merit.
He needed to work on that strength and attack xp killing rock crabs.
genius
Pretty awesome bro! I see negative and lazy people commenting non-sense, saying crap like “oh you really didnt start with zero money”, or “how did you go to europe if you were broke”, simply reflecting their self-doubt, something-for-nothing mentality and self-limitations. But I command you on making it happen and showing that it isn’t that complicated and it is possible if you take the initiative and take the plunge and start. Of course it’s not easy, but it’s doable and possible. I also like the part about “the secret”. We truly attract what we think about most. Congrats sir! Definitely inspired me.
Man. Keven, you are real, and crazy smart. I'm getting started with Real Estate late in life but love your passion. Thanks!
Often times seeing the 5.5 million can be daunting but when you break it down step by step it suddenly seems manageable and doable!
It's daunting because they aren't paid off yet. He probs has $1-2m equity. The most important thing is making sure you aren't paying for tenants to live in there and that the tenants are paying your mortgage. Positive cash flow is just a bonus.
I don’t understand how net worth increases when you are also increasing debt, I am not following the math
Say a property is worth 100k, you put in 20k and finance 80k with debt. Now you put in repairs worth 20k more. But now the property is worth 150k instead of 120k( 20+80+20). So now if you sell the property for 150k, you will first repay the 80k debt, and you will be left with 70k, while you only invested 40k, moral, debt did not grow while equity grew exponentially.
It’s not about how much debt, its the amount of equity you have
equity increases more than debt. using OPM to grow your equity.
@@NotShivekArora so you net $30K, equaling 30% gain. Definitely better than playing stocks but also definitely putting in more work.
@@jeajea Yes and No. The numbers I used are random, though close to realistic returns. Definitely impressive returns but stocks have different advantages. Specially in times like this where you can make money even when they're going down.
I have been with *VladimirCorp* for only two months and thanks to them I really do not have to depend on anyone anymore , not even my parents , I’ve made enough to get my own house thanks to them.
Been meaning to catch this one. It auto-played at right time. WOW good job you two.
Great video, bad driving 5:18 you ran a stop sign 🛑 🤣😂😂😂
How profitable is cryptocurrency investment right now?
Very profitable sir, bitcoin is the future.
yea cryptocurrency yield good and more profits in a favorable market rise while you hold, likewise trading it too.
I had interest investing in cryptocurrency but i was discouraged by friends and family saying it's scam. I wish i had invested and even learnt trading.
i am an investor in that space, all i can say is that if you have the resource then get into it
imagine trading with no good returns, heartbreaking right. cryptocurrency is a perfect investment for people that can trade and have understanding on what to buy and sell not me. I need mentorship on that field.
1:17 In January of 2008 the greatest financial crisis
2020: Hold my Beer
Power Bill could be a great buying opportunity
Unfortunately many folks were ready for the dip this coronavirus crisis, so the dip never happenned
Amyn Guy lol which is good, just cause market doesn’t dip after corona virus doesn’t mean sectors and industries didn’t have limitations, good news is only good compared to bad news, we got bad news we are getting better news, asset prices grow
Idontmakevideossubscribe yep
Very engaging... I don’t watch long videos but here I am at the 23:16 mark and counting 😆. Great story and video style! Awesome portfolio! Keep inspiring✨
I can watch your videos all day. Love this guy.
Thanks for comments dont forget to hit the subscription 🔘 button
*➕①=⑦=③=②=③=⑤=②=③=⑦=⑨=⑦*
*W=H=A=T=S=A=P=P.*
more than the money, I'm so jealous of your relationship and how you managed to find such a long lasting relationship at such a young age. That's worth more than all the money in the world.
What camera did you film this episode with?
The lighting is... 😚👌🏽
There’s much to learn from kevin but the moment he said his dad was able to co-sign for him for a HOUSE purchase, I already knew that I was at a huge disadvantage.
That kind of negative attitude is going to cause you to fail
Alex z saying that I was at a disadvantage financially has nothing to do with my current state of ambition. Stop judging people based off of a small TH-cam comment.
Father-in-law I believe - but you're right that is an advantage. He could've done it himself with a couple years of W2 income under his belt like most people have though.
I love how you ran a stop sign on camera LOL
Originally I discovered your channel because of the stimulus check updates, but I just recently fell down the rabbit hole of your channel and I've fallen in love with it. SUBBED!
Thanks a lot for this video. I love the transparency.
Now I know why rolling through the stop sign is called a "California Stop"
Maximum respect Kevin from England. 30 min video. That’s dedication to the fans. Thank you
well but the cash flow is not a target.....and if the price goes up 1% it can also goes down...
Fabrizio Scardovi no risk no reward
The secret is have an add every 2 minutes 30 seconds and you'll be successful.
It’s amazing, my husband and I were waiting on a bid and that did not go through however we were determined to buy our first rental and a day after we were told the deal could not go through we saw a listing go up in one of the best neighborhoods in our area. We made an offer and seller accepted. It was worth it and after a flip we are good!
Omg i played counter strike too when i was young! Love u kevin! Entertaining and funny
Heck yeah!
If I had free time I’d still be C.S. Best game of all time no doubt
Kevin I live in Costa Rica I enjoy your work thanks
Kevin, if you want to blow up on youtube.. You need to stop with the constant push to buy your Real Estate Course. It makes you look scammy! If people want to buy your course, they can find it in the description. The way you pitch your course comes off as disingenuous. I love your videos and personality but when it comes to the constant push of your course, it really turns me off from your videos. Just my opinion anyway.
6:24 Then how was you're minimum budget $280,000?
5.5 Million in debt is nothing i want part of.
Congratulations on 1M subs. Yesterday you had 997K subs
A lot of haters get mad on the video for no reason! Luck is a factor but Kevin is the real deal.
Do you also feel you "lucked out" by starting your journey in the year that you did? Have you ever projected how you would have been if you started this journey in 2004 or 2005? So much is luck.
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Exactly, I wouldn't advice any 20'year old investing like he did at least after the next market crash, index funds (ETFs) and Bonds are way safer right now!
Plan is to graduate debt free and save up for a 3.5% down payment.
Because 3.5% is the amount you need for a house you're going to live in for a certain amount of time, and for most working class average people making barely a living wage, that's faster than trying to save up idk 50-100k? Granted, Kevin and Lauren didn't waste that year they lived in the house, they basically bought a fixer upper and fixed it up, therefore it appraised for more and they got to use the equity for the purchase/down payment of the 2nd house.
Oh my gosh this video quality is stunning. What camera and lense are you using?
No wonder why I was drawn to that subscribe button! It's a freaking icon of RuneScape stack of gold at the bottom right of the video! Great content as well 👍
Our stories are so similar yet so different. We're both 28, raised in FL, moved to Socal for one reason or other (Navy for me), first car was a black Toyota Prius, I aspire to own a Tesla and I swear I drive on Telephone rd every other day. Currently renting in Port Hueneme. I've been dabbling in stonks, which is how I found you in the first place thanks to this group chat, but have always considered real estate AFTER I make it big on Wall st, well now I'm convinced I should reverse those operations. So glad I found your channel!
love the avacado toast reference you and graham use all the time :')
here I am 27 years old watching this video while playing runescape lmao! great video sir!
Thank you so much for not sitting in a room talking to your camera for 30 minutes. This is a nice change of pace from other youtubers
Super thanks for the inspiring video!
Are there any coursera finance courses you’d recommend Kevin?
Good
Hi Kevin, loving your videos, was wondering if your course in Real state investing be relevant for Australia as our laws are different ???
When he said Runescape... I've never smashed the like button harder in my life
Co-signed by father....eureka, something there I knew where help from another had to be an intervening element to your overall success. Wish I had a “co-signer”.....thanks for sharing your story
Funny story. I was at my sister's house and talked about one of your videos.
She saw you and said that you were her real estate agent several years ago and mentioned how you act exactly like you do on video. But back then you were a newbie to real estate, but her family loved you.
her family? don't you mean your family? xD
@@danzwku Touche'
@@Nelson_Ocampo haha
I love meetkevin - and I loooove seeing this story!!
“The Secret” concept is a real thing. Idk how, but it works.
5:20 Kevin, there’s a stop sign.
your dad a swee man who loves you lots, I wish I had my dad but he died when I was 4 year old.
😔😔
I hate it when people from well-off families say that they started from zero. 😹 You ain't got to lie to kick it Kev
Yeah lmao if he was making minimum wage and not homeless he had mad help
@@TylerRayPittman ya niggas hating he knows his shit
Sounds like your excuse to sit on your ass and not do shit. “I dIdNt CoMe FrOm MoNeY” every wealthy family started from someone who didn’t come from money. Stop making excuses and do educate yourself
@@blakerich5804 He is just saying that kevin didn't start from the bottom alone, which is true. You don't have to be dick about it.
Yup. He had a co-signer and a partner with an income - classic! Advice is still useful but not possible for people without the same advantages
Kevin your story time was very interesting and you are a smart guy, I'm glad everything fell in place for you!
Your video is so good,hope you get better and better.
Kevin as a real estate professional myself, I tell people the only thing you need to succeed is BALLS.
New subscriber here. Thanks for sharing your business/real estate success. I look forward to more videos on the housing market opportunities during a potential downturn.
trading as we know it requires lots of practice, In crypto traders either make or loss their life savings in couple of minutes.
another reason I decided to stick with Fiat and Stocks trades only. My doubts on these alt-coins are backed with substantial reason.
Most people don't do research or don't do it properly, My research led me to Ms. Catelyn Norris, a professional broker who offers a way to understand the crypto market.
@@claystonetradingonline5127 honestly this won't be the first time am coming across Ms. Catelyn, seems her reputation precedes her.
I just received my ROI into my wallet through one of her platforms and I am pretty impressed by her strategies there are just unique, am not gonna to say much, Its healthy to take risk especially when in pursuit of success.
@@claystonetradingonline5127 Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
Straight up running stop signs xD CANT STOP, WONT STOP, GAMESTOP!
I am your fan, I will always support you