This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
And very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with "Colleen Janie Towe’’ a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@@eloign7147 Sure. My advisor is “Colleen Janie Towe” is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors
I'm working on buying 2 duplexes from the owner and plan to live in 1 of the 4 units. All of the units are rented below market. Congratulations. Smart move.
This video helped me buy my first house 3 weeks ago. Thank you Kevin. Couldn’t of done it without you. Your content is so valuable. I literally knew nothing before this process.
The high quality tenant comment is important. I just rented a SFR in AZ out to a group of tenants who recently graduated college. Due to not having a lot of credit, their FICO's where not great. But their combined qualifying income was literally 12x the monthly rent. They moved in Saturday!
Call the wrong person a "low quality tenant" and you'll need a high-quality LAWYER. Then again, lawyers often profit from giving bad advice that results in buinsess for them. Anyone who rents from someone with an internet presence is a fool or doesn't care about their privacy.
BTW if you waive a requirement for ONE tenant then your policies boil down to "do I LIKE you?" Also why would anyone with that kind of money rent rather than own?
A few takeaways: 1) ALWAYS find out what is motivating the seller. What terms are they looking for? What’s most important to them? You can often bid a lower price than others and still get the deal by offering better terms. Give the seller more certainty. If you have high net worth, list it. They want to know the deal will go through. 2) Look for red flags with the foundation, the sewer line, and the roof. Avoid illegal additions when you can. Electrical and supply plumbing are also good to look at. After home inspection, hire a plumber to remove a toilet and stick a camera down the sewer line to check its health. 3) Never buy a property in a bad neighborhood. Test: Would you do a CraigsList deal in this neighborhood at 9 PM at night? If so, it’s a good neighborhood. 4) Don’t hire a contractor to do all your renovation. Hire the individual floorers, roofers, plumbers, electricians to do the individual jobs.
Also hire the side insulators. The company charge way too much for profit but h hire the little guy coming up and you’ll save a ton. I have my own little side business
Lol, “would you feel comfortable doing a Craigslist transaction at 9pm in the neighborhood” That’s the best and most simple explanation I got for a good area
thanks kelvin, thats why real estate is one of my favorite places to in-vest money because when I inv-est in real estate I can predict exactly how much money a property is going to make me every month after I buy the property.
@@gwynethsivert5261 the goal in real estate is to buy a number of properties and manage them to return a certain amount after some time be it from house flipping, rental income, or REITs so its great for short-term or long-term though I prefer the latter.
@@gwynethsivert5261 before you go into real estate you’d need to do a lot of research, and look over data for different markets so you’d understand all the options open to you. As a newbie, I’d suggest you get a good real estate agent to assist you in everything you do as that’s been one of my major key moves over the years.
That was the best 40 minutes I have ever spent watching a video. Thanks Kevin. Can you please do more videos like this? I'm tiered and frustrated with the stimulus. Honestly at this point I just don't care anymore. Have a great night.
This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
There millions of videos out there on Real Estate full of nonsense but every now and then you come across someone with tons of info genuinely willing share and help others. Sold! Subscribed!
"Would you feel comfortable doing a Craigslist transaction at 9pm in the neighborhood? If the answer is yes, you're good 😇 If not, don't buy there 😈." 😂
Being a property manager in the ghetto, I’ve had move ins at 10pm coming from out of state. Kind of the nice thing about that is I caught people illegally dumping a ton of furniture during the late hours. I felt like I was about to get shot, but I was pissed off enough to cuss them out until they left. Good times!
I purchased a flip with my husband as our first home. I wish we knew what to look for during the inspection. 1 year in, we discovered a leak in the shower pan which damaged the sharing walls and flooring. Laminate flooring was installed with no moisture barrier, allowing the water to travel over the existing tile flooring under the laminate throughout half the home. $10k mold remediation, $2640 water mitigation, $10k to replace all flooring, $3k to install new drywall, and paint. And we haven't even addressed the bathroom put back, which will cost another $15k. All in all, we do not regret purchasing this home because it got us out of California to Florida :D We knew the market was hot and we needed to move fast. I just wish we better prepared for the inspection to ask for a mold assessment so we can negotiate the price. Great advice on here for everyone!
I didn't plan on watching a 40 minute TH-cam video, but Kevin you did such a great job! The video was so captivating and educational that I could not help but watch the whole thing! 👏🏾👏🏾👏🏾
Kevin, this video seriously came at the right time! I'm currently self-employed and 19 years old looking at rental properties to buy either late this year or next year. I have great credit score as I've been building it since I turned 18 but I've been stressing out about how to prove my income without working a regular job. The tip about how to get around that is great, thank you!
@@kanwarpreetbahia7902 have your parents cosign on the loan as a nonoccupant cosigner, so you pay the bills but can use their two years of tax returns to get approved for the FHA loan
I bought first one 8 years ago and now I have 8. You just have to start and be really good with money. The better you are the faster you can get that next house. I just started making videos on my renos and will make some on finances later.
Kevin...I live in SoCal and just missed out on a wedge deal this past weekend. I have everything in order now and ready to pounce quickly when next deal shows up. This video is awesome! Gonna have the wife watch it so she gets why I'm so psyched...thanks bud
Just discovered this channel and I love it great info. Just a few days ago I bought my first house and it has 4 rental units. I've been binge watching Kevin and the noob vs pro videos help a lot. Keep it up
Great video! I think it’s also important to mention that if you decide to sell your home after 2 years the profit is 100% tax free (up to $250k if single or $500k if married). You can buy another wedge deal and do the same thing a couple years later, as well
Didn't find out the depreciation trick until my write offs caused me so much pain trying to qualify for a loan and I switched CPAs 😐😐😐 lol definitely pays to have professionals on your team. You can never know everything yourself.
N.A. Fat You’re best bet is finding an EA ( enrolled agent of the IRS ) they are accountants and like tax attorneys . They can represent you in any state, across states, in case you have rentals all over, and can take the IRS to court , and in most cases win! You can google EA’s in your area. There are about 3,000 in the USA and they limit the number to that. Smart people , it’s rare that they pass their test the first time .
Oh wowie! LOVE LOVE LOVE NOOB VS PRO! That depreciation trick could have really saved me the last 3 years. Thank you so much. That 2 min part of the video will save me a lot of time and money. Thanks yet again Kevin! You always give me the best advice. I will follow you to infinity and beyond...!
This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
Hello, I can refer you to my investment portfolio manager who has been managing my investments for the past 9 months and generating good passive income for me
Bought my first house a year ago and am renting it out starting next month by using your videos... I Will be living in my moms basement to save all my income and buy again in May. Your literally the goat Kevin. Also started my TH-cam channel because of you!
I'm preparing myself for my 1st RE investment property. It's a bit overwhelming when doing it alone and not sure where to start so I really appreciate your videos. Please keep dishing out this priceless content, Kevin!
Straight to the point hitting all key points. This is the first time I stopped a video midway to make sure I didn’t forget to hit the like button. Great info!! THANK YOU!!!
Let’s go Kevin. 100% behind . I am tired nothing move. I am from Canada, nothing related with California, but I am 100% behind you for California and give money to your campaign. I believe in you, I am feeling you , you are true worker, you have conviction , you want everything move, you are clever, even if you make mistake you admit it and listen, that is a true leader. As I say I am totally out of California but I follow you and I want to help by giving for making a better world.
Yep, listen to him, he's right on! Theres a few things I would do differently though, like using retail agents to buy houses. I recommend calling up some wholesalers and using only agents that have rentals of their own. I never pay market price, you can't make any money like that.
Kevin, I know this is a new comment on an older video. But, I'm blown away by the quality information. Its insane how much you know and have to offer, all for FREE!
WOW, I am 54 y o and have purchased a few homes in my lifetime and I learned so much from you. I am planning to pass this on to our adult kids. Never knew of some of the tips you mentioned. Thank you.
Best time to invest? thats funny though because in the last four months I have lost more than $77,000 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos but now its a different ball game for me because I was lucky to have met "Jessica Lee Aquiler ", a financial manager and stock expert, I have made more than $465,000 in 6 months under her supervisions.
Kevin you should retitle this video From $0 to Millionaire: the Cliffnotes Edition. Seriously though, anyone who finds value in these 40 minutes is absolutely going to find value in your real estate investing course.
Such helpful information especially for someone like me who's trying to get into real estate and build wealth. Thanks Kevin! Also enjoying the Millennial Money livestreams :)
Value upon value thank you. I’m a student in the UK who’s heavily considering going into the real estate industry soon. 20 years old and needing to get my life sorted. I think this is gonna help☝🏽
First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you start trade with a Mentor
@@jameskourygabriel4973 .All you have to do as a beginner to make good profit in cryptocurrency is trade with a professional trader who Will always notify when to BUY/SELL else you make losses.
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many TH-cam videos about it but I still find it hard to understand.
Thank you Kevin, your the first person to honestly lay out all the information how this works, i'm into my first rental renovations, and I have paid out allot of money, to family and a contractor, none of them spelled out how to do this properly Thank you so much, for your honesty! I made a ton of noob mistakes, I wish I seen this when I started into this two years ago!
I am not a real estate professional but I have been investing in rental properties for over 20 years. The best advice I can give to someone just starting out is to make sure you can pay the mortgage and not relying on the rental income if you are taking out a loan. Just imagine a scenario where you are having a hard time finding a good tenant. With each passing month your mortgage is getting more and more delinquent and you are getting more and more desperate to find a tenant. You get to a point where you will rent the property to anyone you can find. That is a recipe for disaster. A bad tenant is a landlord's worst nightmare. And odds are it will end badly. Moral of the story is to hope for the best but plan for the worst.
Dude!!! This is your first video I'm watching and thank goodness I found you! Thanks for all the advice! You're like that wise rich uncle I'd go to get advice, but better!
My credit scores 634 and I just got fully approved (not preapproval) for my 5th rental property, conditions lifted yesterday in fact. So I can confirm what he’s saying about credit scores.
Not that big a deal it just means you’re not writing off as much income in your paying a lot more taxes for those years. Basically they have to pay more taxes for those one or two years
Sometimes I put your videos on and let them play for hours at my work while I am off on my duties so that you get all the ad revenue I usually skip. Merry Christmas XD
You started showing up on my video-feed because I began investing in crypto. Dude... this channel is life changing. It makes up for not being taught this kind of stuff in school
Question for anyone who can help; When considering buying a property, when do you contact if you do at all, whoever does the inspection(s)? What should I look for when going to check a property?
Me and my wife are fortunate that her parents are well off and have 2 houses on the property. They said we can live there as long as we want and my wife is inheriting the property . I want to invest in a house and rent it out right away . Is that a smart move . I have a 740 credit score last time I checked and my wife is about 800 . I have about 20k in cash saved up and another 20k in assets .
Hello, I can refer you to my investment portfolio manager who has been managing my investments for the past 9 months and generating good passive income for me
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](http://i.ytimg.com/vi/T_7vhsSBi7c/mqdefault.jpg)
Excellent video Kevin, love the new format, keep it up. Also loving the real estate investing course.
Congratulations
Wattup big perm. I mean big worm. Hows smokey doin?
J Peezie Chris tucker referencer😂😂
This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
Does he refund the money of anyone who goes broke taking his advice?
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
And very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with "Colleen Janie Towe’’ a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@@rogerwheelers4322 Do you mind sharing info on the adviser who assisted you?
@@eloign7147 Sure. My advisor is “Colleen Janie Towe” is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors
Just bought my first rental last month. It’s a duplex and I’m living in one unit and renting out the other.
nice
I did the same thing 4 months ago! It’s been amazing for my finances!
Brando great job man!!!
I want to buy a duplex..we will live in one and my parents in the other.(very low rent)
I'm working on buying 2 duplexes from the owner and plan to live in 1 of the 4 units. All of the units are rented below market. Congratulations. Smart move.
Noob vs. Pro is my favorite series. A pre COVID throwback! (When life made sense)
FINALLY, you're getting back to investing videos.
This video helped me buy my first house 3 weeks ago. Thank you Kevin. Couldn’t of done it without you. Your content is so valuable. I literally knew nothing before this process.
I must of rewatched this 15-20 times. Your videos are like crack for me. Thank you!!
You’re changing lives. You’re even saving lives out here.
If his videos are like crack...then you should try the real thing
I’m 39 and finally becoming a grown up lol 😂
@@yasssgawwwd5643 lmao I’m 17
@@Djdjjxsidnduxbbxbdx lmoa I’m 11
@@jovannixr2988 that’s awesome dude !!! Ur gonna be so rich when ur 18 forget about ur 20s and 30s lmao, that’s fucking awesome
The high quality tenant comment is important. I just rented a SFR in AZ out to a group of tenants who recently graduated college. Due to not having a lot of credit, their FICO's where not great. But their combined qualifying income was literally 12x the monthly rent. They moved in Saturday!
Trol
Call the wrong person a "low quality tenant" and you'll need a high-quality LAWYER. Then again, lawyers often profit from giving bad advice that results in buinsess for them. Anyone who rents from someone with an internet presence is a fool or doesn't care about their privacy.
BTW if you waive a requirement for ONE tenant then your policies boil down to "do I LIKE you?" Also why would anyone with that kind of money rent rather than own?
Wooow I didn’t even realize this was a 40 minute video until I finished, THIS IS HOW MUCH GOOD INO THERE IS HERE! Gracias Kevin!
+ ❶ ❽❶❽ ❾❻❸-❾❶❼❻.
A few takeaways:
1) ALWAYS find out what is motivating the seller. What terms are they looking for? What’s most important to them? You can often bid a lower price than others and still get the deal by offering better terms. Give the seller more certainty. If you have high net worth, list it. They want to know the deal will go through.
2) Look for red flags with the foundation, the sewer line, and the roof. Avoid illegal additions when you can. Electrical and supply plumbing are also good to look at. After home inspection, hire a plumber to remove a toilet and stick a camera down the sewer line to check its health.
3) Never buy a property in a bad neighborhood. Test: Would you do a CraigsList deal in this neighborhood at 9 PM at night? If so, it’s a good neighborhood.
4) Don’t hire a contractor to do all your renovation. Hire the individual floorers, roofers, plumbers, electricians to do the individual jobs.
Great video!
Also hire the side insulators. The company charge way too much for profit but h hire the little guy coming up and you’ll save a ton. I have my own little side business
Lol, “would you feel comfortable doing a Craigslist transaction at 9pm in the neighborhood”
That’s the best and most simple explanation I got for a good area
thanks kelvin, thats why real estate is one of my favorite places to in-vest money because when I inv-est in real estate I can predict exactly how much money a property is going to make me every month after I buy the property.
how do I start without losing money unnecessarily? I’d just maxed out my Roth IRA for 2021 but I’m still looking to invest more long-term.
I’d suggest you buy some crypto and stocks then.
@@gameking1400 thanks but I’m not interested in cryptocurrency. I do have AAPL, TSLA, DBX, MSFT, BRK.A., UPWK and SPOT.
@@gwynethsivert5261 the goal in real estate is to buy a number of properties and manage them to return a certain amount after some time be it from house flipping, rental income, or REITs so its great for short-term or long-term though I prefer the latter.
@@gwynethsivert5261 before you go into real estate you’d need to do a lot of research, and look over data for different markets so you’d understand all the options open to you. As a newbie, I’d suggest you get a good real estate agent to assist you in everything you do as that’s been one of my major key moves over the years.
That was the best 40 minutes I have ever spent watching a video. Thanks Kevin. Can you please do more videos like this? I'm tiered and frustrated with the stimulus. Honestly at this point I just don't care anymore. Have a great night.
This is basically the cliffnotes version of his real estate investing course. If you like this video, the course is definitely worth the money
And there's even more in his real estate investor and real estate renos/management course.
Most people are using the Stimulus for Drugs Alcohol Cigarettes jewelry other crazy stuff instead of trying to get ahead.
@@AmberKoepke Renatus is life time.
This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
I cannot believe the amount of information Kevin has. It's incredibly valuable. The tips and tricks he gives are spot on.
When Kevin posts a 40 minute video, you watch the whole video! Too much knowledge dropping in this video, love it!
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
― Mark Twain
" i have a trick for everything, thats what i do" dude youre a baller!
There millions of videos out there on Real Estate full of nonsense but every now and then you come across someone with tons of info genuinely willing share and help others. Sold! Subscribed!
thanks for watching
F.o.r..m.o.r.e..g.u.i.d.a.n.c.e.
· + • 1 - .. 7-.2 - .. 7 ..- 4.- 4 ..- 0 ..- 2 ..- 6.-6.-5
• W • A • T • S • A • P •• # • #?
"Would you feel comfortable doing a Craigslist transaction at 9pm in the neighborhood? If the answer is yes, you're good 😇 If not, don't buy there 😈." 😂
I wouldn't do a Craigslist deal at 9pm in my own neighborhood. Lol
Being a property manager in the ghetto, I’ve had move ins at 10pm coming from out of state. Kind of the nice thing about that is I caught people illegally dumping a ton of furniture during the late hours. I felt like I was about to get shot, but I was pissed off enough to cuss them out until they left. Good times!
Thanks for the feedback ~~~~For more*
*information on earning *
*W•H•A•T•S•A•P~~~M•E*
*+1••(8,,1,8)••(8,,6,,7)••(0,,0,,0,,8)•••••••*
Frankly, if you felt 100% comfortable doing that, you ain't got much to lose...
A lot more of these please. Need a break from politics and virus.
I agree
g0d77 yessssss
💯
Agreed
Agreed
I'm a CPA. Depreciating assets instead of expensing at one time will cause you to pay more taxes anyway. But it does help a little bit.
So buying a house is good?
I purchased a flip with my husband as our first home. I wish we knew what to look for during the inspection. 1 year in, we discovered a leak in the shower pan which damaged the sharing walls and flooring. Laminate flooring was installed with no moisture barrier, allowing the water to travel over the existing tile flooring under the laminate throughout half the home.
$10k mold remediation, $2640 water mitigation, $10k to replace all flooring, $3k to install new drywall, and paint. And we haven't even addressed the bathroom put back, which will cost another $15k.
All in all, we do not regret purchasing this home because it got us out of California to Florida :D We knew the market was hot and we needed to move fast. I just wish we better prepared for the inspection to ask for a mold assessment so we can negotiate the price.
Great advice on here for everyone!
I didn't plan on watching a 40 minute TH-cam video, but Kevin you did such a great job! The video was so captivating and educational that I could not help but watch the whole thing! 👏🏾👏🏾👏🏾
+ 1 5 3 0 4 8 8 3 2 9 9
Same!!!😅
GREAT POINT about local lender VS the big online lender. PREACH my dude!
These are my favorite type of Meet Kevin videos. Thanks for feeding your core Kev.
Kevin, this video seriously came at the right time! I'm currently self-employed and 19 years old looking at rental properties to buy either late this year or next year. I have great credit score as I've been building it since I turned 18 but I've been stressing out about how to prove my income without working a regular job. The tip about how to get around that is great, thank you!
Wud u be able to answer ur own question? Good refresher for u and an answer fkr me lol
@@kanwarpreetbahia7902 have your parents cosign on the loan as a nonoccupant cosigner, so you pay the bills but can use their two years of tax returns to get approved for the FHA loan
You could just save your income and buy your first rental in cash. Start small grow bigger
I bought first one 8 years ago and now I have 8. You just have to start and be really good with money. The better you are the faster you can get that next house. I just started making videos on my renos and will make some on finances later.
Dude knows what he is talking about, I’m a lender and the tips he gave are gold!!! Subscribed
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
― Mark Twain
Talk about a weird way to advertise your channel. I definitely subbed though.
oh that's so savage haha. Mark Twain is amazing.
@@financeshortswithbijan2112 he probably never said that
@@Archonsx he might not have, but it does sound like something he would say.
Kevin...I live in SoCal and just missed out on a wedge deal this past weekend. I have everything in order now and ready to pounce quickly when next deal shows up. This video is awesome! Gonna have the wife watch it so she gets why I'm so psyched...thanks bud
@@sophondanielm7377 Inland Empire...LA too steep for me 😂
@@sophondanielm7377 Yes, sorry...she's a family member and she's fabulous
Just discovered this channel and I love it great info. Just a few days ago I bought my first house and it has 4 rental units. I've been binge watching Kevin and the noob vs pro videos help a lot. Keep it up
my man Kevin is literally THE MAN! keep it up bro! Always dropping gold for us!
Great video! I think it’s also important to mention that if you decide to sell your home after 2 years the profit is 100% tax free (up to $250k if single or $500k if married). You can buy another wedge deal and do the same thing a couple years later, as well
+ 1 5 3 0 4 8 8 3 2 9 9...
Didn't find out the depreciation trick until my write offs caused me so much pain trying to qualify for a loan and I switched CPAs 😐😐😐 lol definitely pays to have professionals on your team. You can never know everything yourself.
Having a CPA that specifically stays current in RE investing are worth their weight in gold. Makes a huge difference.
N.A. Fat
You’re best bet is finding an EA ( enrolled agent of the IRS ) they are accountants and like tax attorneys . They can represent you in any state, across states, in case you have rentals all over, and can take the IRS to court , and in most cases win! You can google EA’s in your area. There are about 3,000 in the USA and they limit the number to that. Smart people , it’s rare that they pass their test the first time .
Don’t ever Co-sign for anybody just saying! You will end up getting screwed.
Eh. It depends on who you do it for. Do you think that Kevin's father in law regrets doing it for Kevin?
You got to know who you do it for.
Josue V. I thought it was kevin’s father that kid it.
@@ohdamitskaren hmmm. I believe it was Lauren's dad. 🤔
Facts
I thought it was Kevin's cousins stepdad
WOW…after watching so many videos on this topic, I finally found the one that a newbie really needs. THANK YOU!!!
Wow I literally paused the video to like and subscribe
THIS IS LITERAL GOLD
THANK YOU KEVIN!!
I honestly thought this was going to be a fluff video. Wasn't expecting this much detailed information 👍🏾💪🏽 great video!
Oh wowie! LOVE LOVE LOVE NOOB VS PRO!
That depreciation trick could have really saved me the last 3 years. Thank you so much. That 2 min part of the video will save me a lot of time and money. Thanks yet again Kevin! You always give me the best advice. I will follow you to infinity and beyond...!
Those who believe in bitcoin also believe in cleverness
Bitcoin is going to the moon 🚀
I really wanna invest heavily in bitcoin but don't know how to start
My 2btc was multiplied to 7btc after trading with Mrs Anastasia, her trading formalities is so much more lively
OMG NOOB VS PRO IS BACK!!
I basically made the same comment 😂
This is my favorite
I love these
This guy is low IQ to the max. This advice isn't only stupid, some of it is downright dangerous not only to those taking it but potentially their family & friends as well.
Went from noob to pro in 39 minutes and 43 seconds 🔥
Hello, I can refer you to my investment portfolio manager who has been managing my investments for the past 9 months and generating good passive income for me
Bought my first house a year ago and am renting it out starting next month by using your videos... I Will be living in my moms basement to save all my income and buy again in May. Your literally the goat Kevin. Also started my TH-cam channel because of you!
Lmao I can’t tell if this is a joke or not.
@@commoq3764 I have no reason to lie 🤷🏽♂️😂
Wow. The dumbest thing i have ever heard
Kevin, u are making me smarter everyday. Appreciate all you information.
*Send me a direct mesg right away*
FINALLY, you're getting back to investing videos.
THIS IS GOLDDDDDDD. Thank you Kevin.
🇱🇷.+1......46/9-3[12-2)97....1
🇱🇷.+1......46/9-3[12-2)97....1
+1469-312-2971
🇱🇷469-312-2971
469-312-2971(+1code)
I'm preparing myself for my 1st RE investment property. It's a bit overwhelming when doing it alone and not sure where to start so I really appreciate your videos. Please keep dishing out this priceless content, Kevin!
How did it go? I’m new to this and am always looking for advice from people
Straight to the point hitting all key points. This is the first time I stopped a video midway to make sure I didn’t forget to hit the like button. Great info!! THANK YOU!!!
I watch you almost every day and this is by far the best most realistic video I’ve seen! Love the pro/noob contrast!
Having been a Real Estate Investor since 1989, I can say this is an awesome video. Great Job....
Kevin... the man with the experience to back up his talk.
3 pages of notes, thank you kev! this is gonna help me a lot when I buy my first property.
Ya that cosigner thing rocked. it simply helped me get a lower intrest rate from a 5% to 3.2% just having a parent cosigner
Great video! My first investment was Multifamily and next was self storage and I was off to the races!
This was one of the best videos I've ever watched! Thank you for spending the time to breakdown what has been a daunting subject for me
T-h-a-n-k-s f-o-r w-a-t-c-h-i-n-g k-i-n-d-l-y c-o-n-t-a-c-t - W-h-a-t-s-a-p-p +1_9_5_1_2_2_8_1_7_6_2
This is amazing ,unique, detailed, exclusive content. Best I’ve seen on TH-cam so far. You are helping people. You just helped me! Thank you Kevin.
After you said the depreciation thing I immediately hit subscribe. Continue to be BADASS!! Woot Woot!
Let’s go Kevin. 100% behind . I am tired nothing move. I am from Canada, nothing related with California, but I am 100% behind you for California and give money to your campaign. I believe in you, I am feeling you , you are true worker, you have conviction , you want everything move, you are clever, even if you make mistake you admit it and listen, that is a true leader. As I say I am totally out of California but I follow you and I want to help by giving for making a better world.
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:....
Humble person! Thank you Kevin!!!
Love noob vs pro series! This is what made me sub back in the day 😂
Hell yes!!! This is the type of videos I am exited for. Buying my second !!
REAL ESTATE IS HOW I FIRST MET KEVIN 😎💪🏾💰
You both settled.
This isnone of Kevins best videos IMO. Cut the bs, quirky crap and straight to the meat and potatoes of the process. Great job kev.
Your videos have helped me reach over $200,000 in stocks by age 23! Thanks Kevin
. Keep the videos coming. 👍🏽
Congrats!!! When did you first start investing?
Good info Kevin. My first home was a triplex. Lived in one. Great way to go.
Yep, listen to him, he's right on! Theres a few things I would do differently though, like using retail agents to buy houses. I recommend calling up some wholesalers and using only agents that have rentals of their own. I never pay market price, you can't make any money like that.
Kevin, I know this is a new comment on an older video. But, I'm blown away by the quality information. Its insane how much you know and have to offer, all for FREE!
I am continuously watching this video because I'm slow. I expect my fico jump passed 760 very shortly and look to make a move. Thank u kevvo
+ 1 5 3 0 4 8 8 3 2 9 9
It’s Just Increeeeeeeedible On How Much Sense You Make Bro!!! Keep it up 🔥🔥🔥
I wanna hug u this info is so helpful
›Thanks for watching send a direct
message to the above number for more
enlightenment>♥️❤️❤️
Help me understand, this guy is super smart and rich and the best use of his time is youtube videos? Is that where the money's at? Good Content!
He made over $250,000 in June alone. There's big money in you tube!
WOW, I am 54 y o and have purchased a few homes in my lifetime and I learned so much from you. I am planning to pass this on to our adult kids. Never knew of some of the tips you mentioned. Thank you.
I had excellent credit, no missed payments, multiple credit cards, and a loan. Inquiries recked my score by 100 points.
›Thanks for watching send a direct
message to the above number for more
enlightenment>♥️❤️
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $77,000 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos but now its a different ball game for me because I was lucky to have met "Jessica Lee Aquiler ", a financial manager and stock expert, I have made more than $465,000 in 6 months under her supervisions.
Search her name on the web you will see all you need to know about her.
Kevin you should retitle this video From $0 to Millionaire: the Cliffnotes Edition.
Seriously though, anyone who finds value in these 40 minutes is absolutely going to find value in your real estate investing course.
Loving the beard Kevin! I needed this video and didn’t even know it. Thanks a million, Kevin! Cheers.
I enjoy going back and watching your first videos on RE.
Hey Thank you Kevin, this has to be the beat video on youtube when it comes to buying your first home or rental property. So thank you very much
*Send me a direct mesg right away*
Such helpful information especially for someone like me who's trying to get into real estate and build wealth. Thanks Kevin! Also enjoying the Millennial Money livestreams :)
Oh are you a working class peasant too!
Value upon value thank you. I’m a student in the UK who’s heavily considering going into the real estate industry soon. 20 years old and needing to get my life sorted. I think this is gonna help☝🏽
›Thanks for watching send a direct
message to the above number for more
enlightenment>♥️❤️
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
How? I know it's possible, I would appreciate if you show me how to go about it
First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you start trade with a Mentor
@@jameskourygabriel4973 .All you have to do as a beginner to make good profit in cryptocurrency is trade with a professional trader who Will always notify when to BUY/SELL else you make losses.
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many TH-cam videos about it but I still find it hard to understand.
Despite the economy downturn, I'm so happy 😊 I have been earning $60,000 returns from my $7,000 investment every 14 days
I wished everyone would make real estate buying this easy to understand.
Thank you Kevin, your the first person to honestly lay out all the information how this works, i'm into my first rental renovations, and I have paid out allot of money, to family and a contractor, none of them spelled out how to do this properly Thank you so much, for your honesty! I made a ton of noob mistakes, I wish I seen this when I started into this two years ago!
I am not a real estate professional but I have been investing in rental properties for over 20 years. The best advice I can give to someone just starting out is to make sure you can pay the mortgage and not relying on the rental income if you are taking out a loan.
Just imagine a scenario where you are having a hard time finding a good tenant. With each passing month your mortgage is getting more and more delinquent and you are getting more and more desperate to find a tenant. You get to a point where you will rent the property to anyone you can find. That is a recipe for disaster. A bad tenant is a landlord's worst nightmare. And odds are it will end badly.
Moral of the story is to hope for the best but plan for the worst.
So I’ve lived in my house for a year now. Can you do a video on how to start renting this house and buy a new build to live in? Please 🙏🏽😃
That moment when the TH-camr you are watching uses your zip code as an example, crazy.
thanks. for watching...for enquires for your trading and strategy *{
Dude!!! This is your first video I'm watching and thank goodness I found you! Thanks for all the advice! You're like that wise rich uncle I'd go to get advice, but better!
thanks for watching
F.o.r..m.o.r.e..g.u.i.d.a.n.c.e.
· + • 1 - .. 7-.2 - .. 7 ..- 4.- 4 ..- 0 ..- 2 ..- 6.-6.-5
• W • A • T • S • A • P •• # • #&/
My credit scores 634 and I just got fully approved (not preapproval) for my 5th rental property, conditions lifted yesterday in fact. So I can confirm what he’s saying about credit scores.
the depreciation trick was golden!!!
Not that big a deal it just means you’re not writing off as much income in your paying a lot more taxes for those years. Basically they have to pay more taxes for those one or two years
Man i wish u was my teacher im trying learn so much to better myself and my family
God Bless Everyone!
I needed this info 17 years ago! thank you Kevin!!!!!!!
You are literally the man Kevin!! 👌💪 been watching for a few months now.. keep up the great work friend!!🤙
›Thanks for watching send a direct
message to the above number for more
enlightenment>♥️
I am building for this moment, I have made failed attempts, but that's okay we will get there.
Black Vito - Moneyology keep trying bro!
I keep running into you...they say great minds think alike
Sometimes I put your videos on and let them play for hours at my work while I am off on my duties so that you get all the ad revenue I usually skip. Merry Christmas XD
The depreciation hack for the self employed.....how have I never learned that
You started showing up on my video-feed because I began investing in crypto. Dude... this channel is life changing. It makes up for not being taught this kind of stuff in school
Kevin you just saved my life (or at least two years of it) with the 2-year loan exception for college graduates. Fantastic info!
›Thanks for watching send a direct
message to the above number for more
enlightenment>♥️
Question for anyone who can help;
When considering buying a property, when do you contact if you do at all, whoever does the inspection(s)? What should I look for when going to check a property?
Me and my wife are fortunate that her parents are well off and have 2 houses on the property. They said we can live there as long as we want and my wife is inheriting the property . I want to invest in a house and rent it out right away . Is that a smart move . I have a 740 credit score last time I checked and my wife is about 800 . I have about 20k in cash saved up and another 20k in assets .
Why would you hesitate??
If someone is coming to you telling you that they have a 850 credit score and don’t know what to do... they don’t have a 850 credit score
Denmark Fidelio Facts
Hello, I can refer you to my investment portfolio manager who has been managing my investments for the past 9 months and generating good passive income for me
How did I ever go without your vdos all these years?? Just got my mind blown from the 99% vdo.
Excellent video Kevin, you are the best
+ 1 5 3 0 4 8 8 3 2 9 9