Cognitive hacks . Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I literally watch all of your content. I believe I can succeed following your advice and wisdom. I want to make 30000 every month lol that's what came to mind but Honestly. My main Affirmation is , I Am Self Employed, and everyday my company is getting Stronger. That's honestly the first step walking away from my 9 to 5.Forever grateful to Cognitive hacks
You should do a new video about Cognitive hacks ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
And could be looking at property near the port, on the drive to/from the port, or near the island ports... International real estate in a tourist destination, anyone? 😃
only a smal part of it. If the cost is 10.000 dollars he could possible write 1500 off. You can never write your children trip costs off. And your personal costs are also 50% private and 50% business.
I always look forward to your next update. The market cycle still hasn't met its balance, we keep going round in circles while waiting for that huge blow out on a huge support but in the meantime we could always ignore the market ups and downs and stay fully invested. Big thanks to Cognitive hacks for helping me earn over 11btc by implementing his method and following his guide.
After leaving the military in 2012 I bought a foreclosure for $75k in Florida. 2015 refinanced and did some rehab and added a pool ( family now) raising my principal to $108k and lowering my rate 2.3%. 2017 pulled a $110k HELOC (house valued at $280k) and bought 3 units, rehabbed them and they're now producing $2900mo cash flow and have over doubled in value. The borrowed money from my HELOC has been paid back and I'm using the full HELOC and cash to try and purchase a 12 unit building.
I’m in the military as well, getting out next year. I plan on getting my first property when I land my first job. I’m going into multifamily because I think it’s the fastest way to achieve positive cash flow and networth. How’d you start out? I know this comment is 2 years old but I’d love to get in touch brother! Thank you for your service as well!
Amazing stream, as always. I commend the approach you take to the news and the markets. A lot has changed lately but the truth is I don't even care much about how bullish or bearish the market is anymore because Cognitive hacks has got me covered as I am comfortably making 3.1B T C monthly.
Kevin, your wife just validated my plan - we've just moved into our first home - in a few years we plan to move out and rent it out - then repeat the process again.
@leebog31Have you ever heard of the phrase "Time in the market beats timing the market"? Also, you are talking about if someone was to buy a house to flip, and while they are flipping the property the home goes down in value. That's not the case here. If someone is buying a house to rent out, cash flow, and keep the property for "x" amount of years, then the market going up and down will not affect this person in any way.
@leebog31 why would it matter if it went back up if you continue to hold onto the property? Also, historical data shows that real estate increases in value of the long term. Yes there are crashes, corrections, etc... but data proves that over the course of history, real estate has always recovered, and exceeded the prices they once were.
leebog31 I’m from the UK, and I’m going to be holding onto the property for some time (first of all to live in) and secondly to rent long term. In the UK rentals are doing incredibly well, especially in my area - even with economic uncertainty, I’ll capitalise on those who are against buying homes by taking their rent money. Simple really
Cruise ships are hella spooky... there was two hallways in my last cruise that went all the way from the front to the back and I was drunk walking down it. I for real kept thinking I got stuck in a loop where I’ll be tortured forever. All the doors were the same, and once you reach the middle of the hallway, you can NOT see the start or end of the hallway... in the middle of the ocean... it was freaky.
@@mattharris2691 LOL No, but I watched films like 1408 and The Shining when I was young, so now I'm SO weary about long hallways and repeating patterns in buildings. It's easy for me to be scared sober, let alone when I'm shot off of an entire pitcher margarita hahaha
I love this!! my husband and I just started our journey 2 years ago, rented out our first home then bought a duplex, live in one side and rent out the other. We hope to be able have a lot more property in the future!
I wonder what people thought about a man with a camera going around on the Disney cruise talking about real estate? 😂 Kidding aside, it's great input and insight of how real estate can be a great investment tool in your experience! Hope you had a super fun time on the cruise!
Henry what does that even mean. I specifically said vacation. Go call up the irs and ask them if they are cool with you claiming your personal vacation is a business expense and let me know how that goes.
I actually have a course you could use to become as confident as Kevin. It also focusses on getting a higher paid job too. Let me know of you are interested👌
Awesome and very insightful update well i will also say this here. The awareness about making money online is getting higher daily due to covid 19 pandemic as the cryptocurrency world has recently noticed high flow of traders mostly when it comes to bitcoin trading,but due to lack of trading experience a lot of traders lost so dearly either by executing trades wrongly or using the wrog strategy. As a trader i have been as to record massive success trading and making good profit because i was lucky enough to find a working strategy/daily signals which was provided by an expert broker knowns as Morgan trading services . Her guidance and accurate signal is one of the best anyone could ever wished for when trading bitcoin. During my first month of trading with Morgan’s trading signals i was able to grow my initial deposit from 1.0btc to a total of 6.6btc which you would agree is a very good profit. Morgan daily signals are very accurate and yields a great positive return on investment and she’s always available to give a helping hand
"But one should know that the GOAL is not Passive Income at first, but wealth generation and controlling as Real Estate much as possible to increase the net worth" - Kevin Paffrath - Real Estate Investor. We should make a quote wallpaper with a variation of the above, right?
I am a real estate millionaire and bought most all of it with cash then did rehab increasing the worth greatly. I care about the income mostly. If it does not create good cash flow then do not buy it. If you are only really betting on the rise in value then you are betting on the appreciation. It has been great the last few years and crazy some places but the real estate has a cycle and we may again see values fall.
@@mecheckraise Well, I did pretty much the same thing with my first one, BUT! I am definitely limited by cash in repeating the process and most of the money are made when buying and rehabbing, just like you say. A -100-200$ cashflow for a good net worth increase from the buy and rehab is not devastating...I see your point and having cashflow to cover all the costs associated with the property with a small cushion would be the ideal situation and a safer one.
@@alexandruulici-buyingfreed9118 I agree with what he is saying. He broke it down well. Just note that unless you are in a great rising market that doing skinny cash flow deals can be tough when the market goes soft. Most people after 4 rentals find bank financing tough. As long as you have great tenants I see controlling a million dollars of real estate and paying it off in 15 years has always worked as long as you do not feed it. Friday we close on a 3/2/1 brick that should rent for $800 and we are paying $37,000 cash as a foreclosure. It is worth maybe $65,000. For me it works.
I wish I saw this video when I was 15 yrs old. I’m also a Realtor. Get a job, save your money for a 3.5% down payment, buy a house and live in it while renting out your other rooms. Then eventually move, rent out your entire house and REPEAT! The key to that is you only have to put down 3.5%. If you were to buy a home that you don’t plan to live in (called non-owner occupied) then you would have to put down 20-25%! That’s a savings of $33,000 for a $200k house (3.5% down vs 20% down)!
Jason Walter Ya but once you refinance after a year don’t you have to convert it to a conventional non-owner occupied or do you just draw up a lease and move on? This is one detail no one has mentioned online as of yet just when I think someone will utter it out their mouth they glaze over it🤬
@@boxerboy860 In most cases, Kevin suggests not refinancing. Market rate rents should be enough cover the mortgage of that house once you move to another house. He has lectures in his REI course that explain how to determine whether or not to refi.
@@manp1039 I did not. I bought my first property when I was 29 but it was a 1 bed/1 bath. I wish I had purchased at least a 2/2 or 3/2 and rented out the rooms. Now I'm married so there's no way I can rent out rooms now but I wish I did when I was younger.
@@boxerboy860 Good question... You must be in the home within 60 days after buying it and live in that property for a minimum of one year, full time. If you move, you aren't required to refi. However, I'm not 100% if you can move and get another FHA for any reason so let me find out for you.
Kevin, you deserve way more subscribers. This is such an underrated channel that offers so much to learn about real estate and just about life in general. I’m predicting a very successful year for you on TH-cam, keep it up!👍🏻
In the UK The rules have changed now. No Interest right off anymore.. ALL income is classed as revenue. Mortgage payments are not taken out first. This could potentially happen in the USA. Lots of landlords have big tax bills. There are ways around it by putting the properties into limited companies however that will close up soon,
Bro I am hooked I am trying to quit my job and start doijg something else I’m looking into a dumpster rental business and other business I’m done working and I don’t want to to this for the rest of my life I found your channel for the whole stimulus updates but your much more than that and know so much I will study you and try to Dj what you do.
Neighborhoods going up like crazy here in south Texas, dumpster rentals everywhere for construction sites. You could make a killing if you get in with the building contractors. Good luck and don’t just concentrate on residential rentals go for commercial anytime there is a neighborhood going up or major school construction jobs. Get that income!
Thanks Kevin. A lot of people won't share the real numbers and information. I would not be where I am now if I didn't dive into real estate back in 2013. Being able to be retired at 30 was a really awesome thing. People think this stuff is fake, but they don't have the ***** to put a large sum of money down and maintain properties. It costs money to make money, but there are so many types of loans out there that it's a no brainer.
There are so many ways to manage money and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later, good or bad.
If you're a beginner, find a solid strategy, perfect it on a demo account, don't go greedy over an extra dollar profit, don't go against the trend and always wish yourself the best. Get a mentor to guide you from the early stage
12 houses means 12 roofs that last an average of 10 years or 1.2 roofs per year at say 10k. (after tax). then one water heater per house at 2K, plus painting say 3 that turn over at 1500 per house (4500) plus any structural issues and time to oversee. plus probably 4-5K per year of plumbing issues so your 72K is more like 50 in added equity. not bad, but not 72k
Judging by this video and many others I’ve watched by you and Graham, Real Estate is basically the ultimate life changer for those willing to put in the work early on
Just a Giraffe yes and easy when you have family money to invest in real estate. I don’t know if that’s the case here. Startup cash is everything. That first property can unlock everything. He’s a sharp dude no doubt. But we don’t know if he came from money. That makes all the difference. Every kid I knew from wealthy families is wealthy today. I don’t mean this as an insult, but it is very true. When you have a start up money it’s the difference between night and day and actually building wealth. It’s very hard to acquire 12 properties coming from nothing. Maybe he did, and that’s awesome.
@@jasoncharles9481 he said he came with no money. Me for example am about to buy a 4 unit, 4th piece of real estate at 32. Left my parents house with nothing, married and a baby at 18, bought my first house at 20... anyone can do these things if they are determined
Honestly you could avoid more than twenty two million you could have family partnerships establish a Walton trust and do tons of other things to avoid the estate tax
I worked for a commercial lending company. Hard money loans for people doing flips. Super high interest rates for short term loans. Since It’s not a conventional loan closing was quick. Buying foreclosed homes as well. It’s crazy how much I learned that most people don’t understand. Lots of knowledge and possible investment properties.
Kevin!!! You don't know it but you've become a huge inspiration to me as well as my girlfriend (were the same age as you) We spent all last year paying off all our debts and now today (Happy Birthday! BTW) with the coupon I signed up for two of your classes! Were goin in 2020 market crash or not on real estate to make a positive change for our lives. Were never getting ahead working hourly even with good jobs. We need to build wealth and we need to build self worth and take control of our own financial futures. With your help as a guide I'm and your presentation style (a white board every once in a while would help) i finally feel confident that i can mirror your success.Thankyou again and i look forward to the very in depth courses.
Was watching this video, got halfway through it and totally forgot to finish the video because I bought the course and was more excited to work on that instead 😂
I live in Ottawa, Canada and have rental properties and it's next to impossible to find a house that is below market value these days. Most houses go higher than asking price due to multiple bidders. Also, you didn't mentioned about property management. Are you doing that yourself and if so, then it's not completely passive. Overall great video and I learned a few things. Thanks for posting.
4:50 I think it’s important to reiterate that, technically no you couldn’t buy a lot of the drinks with that money. Off the cash flow, yes. But not with the equity/net worth you’re gaining.
Meet Kevin absolutely. And also sorry if the message came off negative. I really enjoyed this video. I’m 19 and beginning my journey in real estate and finance and your videos are a massive help (literally binged like 20 of them today when I found your channel) I mainly just made the comment because I was a little proud of myself for being able to have some input on the subject haha
@@Inquiring nope! I’m unable to purchase real estate because my lack of a credit history. So I’ve been spending this time just working on building that history with a credit card as well as investing in the stock market and doing my normal work to gain capital. But real estate is still something I’m very interested in and keeping my eyes on
I love this! I was 26 when i bought my first rental property. Got really lucky and got the house on forclosure well under market value and paid cash. Was the most exhilarating moment in my life. Lol now almost 4 years later im in my way to buy house numebr 3 with much more buying power then i did back then. Real estate is fun. And anyone and i mean anyone can do it.
Happy Birthday Kevin! 🥳🎉🍾 I already finished the RE investment course - AMAZING - now I'm going to take advantage of today's coupon code to get the Property management course! Yaay! Sorry I won't be able to make it to Vegas, I'm closing on my 1st deal 2/20/20 YAY YAY YAY ! all thanks to you, your very informative videos and the course. You're my hero! 🤗
10 percent in the stock market is literally just depositing your money and doing absolutely nothing for an entire year though. and you could easily get 25 percent returns with a solid strategy and consistency
It’s not always doing nothing. First, there’s office work such as tracking and documenting rent payments, repair expenses, insurance, and property taxes, income taxes, etc. Then there is fielding calls, showing rentals, background checks. Plus, handling repairs, cleaning, painting, handymen, subcontractors. Not to mention dealing with tenants in all kinds of ways. Managing a rental is not really a passive, do nothing situation. Be prepared to work.
At 35 I have 3.7M - 0 debt - I plan to vacate the family business and remain a minority shareholder, and move to entire passive income by investing in Real Estate.
You cannot buy a single Truly Hard Seltzer with principal pay down. This is why cash flow matters, it’s the only thing that actually increased your buying power.
I just recently stumbled upon Kevin’s channel. Watching many different previously. It hits the spot. I receive him as a genuine guy with really good advice and points.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
@@Jme--- hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit off this.
I don't care about anything else. This is my favorite video because I see you are on a Disney Cruise! You are now elevated to my favorite TH-camr because you have brought my two favorite things (Disney and Real Estate) together.
The internet is bizarre. If you are willing to be leveraged 2x, then the annualized S&P 500 returns would be 20% (since its inception). Adjusted for interest, let's say 16%. That is also "tax free" until you sell, but then you only pay long-term capital gains tax. And it requires literally zero work and expertise. That's how the "rich get rich." Full stop.
My only complaint here is the net worth logic. You say you're net worth goes up by 150-200k (for example) when purchasing a property. Well actually you just took on 400k in debt, so no. You are definitely teaching the right mindset about wealth, but I prefer to take the more secure route of using rent to pay off a property entirely and use for the next.
how much was the cruise? i've been on 14 cruises but not on disney. 2. how do you pay no taxes ever? 3. what interest rate do you typically pay on your deals at the bank? 4. happy b'day
Hey Kevin, I’ve always been under the impression that landlords get taxed on payments made by tenants into the mortgage. In your video, you mentioned that this chunk of money being paid into your mortgage is wealth growth and is not taxed. Can you clarify this for me? In 2006, I had a rental and I did it count the mortgage payment being received from the tenant as income and I got spanked by the IRS with a penalty.
Awesome video. I love that you include your family- and inspire everyone and challenge us with goals. Thank you!! Thank you for always being transparent. Thank you for always updating us on current business/financial news. Just thank you!
Kevin, I am totally with you. I graduated in 2008 and been working for 12 years, i owns more than millions of net worth assets after deducting the debt, not from my saving or stock, but mainly from the real estate investment. My husband was at first against the idea to buy rental houses due to the potential risk of tenants not paying rent. After we got the rental houses and he got hooked, now he is the one wants to buy two more rentals, each rental gives us 2700 to 3000 per month, we only paid mortgage 1500, 500 goes to principal only 1000 is the interst cost. You know the math. I am planing to get 2 more rental maybe next year hopefully the market price will go down.
Can a uk citizen not living in the usa rake advantage of this? I'm about to step into this market and the USA seems alot better geared up to support this than the UK
If hes getting rich on these small investment. Imagine the exponential increase those billionares are getting. Just keep doing it and it would be a snowball effect
The problem itself with most people is, buying a first home...what’s more of a challenge after that is how exactly do you buy your second home when you can barely save whilst paying off your mortgage? I also have a question...I’m quite the novice however.. can you remortgage your first property and invest the remortgage money for a deposit for a second house? Please answer Thanks
Also/Did Kevin mention? - The monthly pay down increases every month because the interest is calculated on a smaller amount. The 92k is lower than the actual number. Compound interest works both ways. But, it decreases the interest tax write off amount. Just another factor people tend to not think about when focusing on cash flow.
The "wedge" is the difference between market value and purchase price. Market value - sale price = wedge (spend some of this on renovations and gain equite with what's left over)
Cognitive hacks . Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I literally watch all of your content. I believe I can succeed following your advice and wisdom. I want to make 30000 every month lol that's what came to mind but Honestly. My main Affirmation is , I Am Self Employed, and everyday my company is getting Stronger. That's honestly the first step walking away from my 9 to 5.Forever grateful to Cognitive hacks
You should do a new video about Cognitive hacks ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
HAPPY BIRTHDAY BRUH!!!
Why is nobody thumbing this up. Thumbing...this sounds stupid. WHY IS NO ONE SMASHING THIS UP ☝️?!
@@alexandruulici-buyingfreed9118 chill bro
Thirsty 👆
Graham Stephan ordered you a nice Avacado toast cake🎉Happy B day to meet Kevin
@@jon4958 Here's your Corona. 🍺
This video is like the ultimate dad's flex.
😂😂😂😂😂😂😂😂😂👍
Text on official what@ app+1. 4. 6. 9. 3. 1. 2. 2. 9. 7. 1
4.......... 6........... 9............ 3........ 1....... 2.......... 2........... 9....... 7........ 1..... (+1 code)
Bitcoin trading options is just like anyother business but in this case more sophisticated and advanced
I totally agree with what you are saying ....
You filmed this on a cruise so you could write off the trip... right? :-)
of course, bc he knows how to play the game. and playing the money game is how you get rich.
And could be looking at property near the port, on the drive to/from the port, or near the island ports... International real estate in a tourist destination, anyone? 😃
That's what I would do. Same reason I film at home so I can write off my work space. :)
only a smal part of it. If the cost is 10.000 dollars he could possible write 1500 off. You can never write your children trip costs off. And your personal costs are also 50% private and 50% business.
@Jay hahahahaha
I always look forward to your next update. The market cycle still hasn't met its balance, we keep going round in circles while waiting for that huge blow out on a huge support but in the meantime we could always ignore the market ups and downs and stay fully invested. Big thanks to Cognitive hacks for helping me earn over 11btc by implementing his method and following his guide.
1. Principal pay down
2. Interest write-offs
3. Buying property below market value
4. Appreciation
5. Cash Flow
The only time you'll ever see an empty hot tub on a cruise 👉 when a weirdo has a camera out! Haha!
Just playing, love the video.
ZINGGGGG! 🤣
😂😂😂
Ankle deep hot tub??
@@ajondle7 ankle warming is a popular meditation practice
Kiddy pool
After leaving the military in 2012 I bought a foreclosure for $75k in Florida. 2015 refinanced and did some rehab and added a pool ( family now) raising my principal to $108k and lowering my rate 2.3%. 2017 pulled a $110k HELOC (house valued at $280k) and bought 3 units, rehabbed them and they're now producing $2900mo cash flow and have over doubled in value. The borrowed money from my HELOC has been paid back and I'm using the full HELOC and cash to try and purchase a 12 unit building.
I’m in the military as well, getting out next year. I plan on getting my first property when I land my first job. I’m going into multifamily because I think it’s the fastest way to achieve positive cash flow and networth. How’d you start out? I know this comment is 2 years old but I’d love to get in touch brother! Thank you for your service as well!
Amazing stream, as always. I commend the approach you take to the news and the markets. A lot has changed lately but the truth is I don't even care much about how bullish or bearish the market is anymore because Cognitive hacks has got me covered as I am comfortably making 3.1B T C monthly.
Kevin, your wife just validated my plan - we've just moved into our first home - in a few years we plan to move out and rent it out - then repeat the process again.
It's such a powerful wealth builder to do it this way. I love it. And you can house hack your home as well so you can live for free!
@leebog31Have you ever heard of the phrase "Time in the market beats timing the market"? Also, you are talking about if someone was to buy a house to flip, and while they are flipping the property the home goes down in value. That's not the case here.
If someone is buying a house to rent out, cash flow, and keep the property for "x" amount of years, then the market going up and down will not affect this person in any way.
@leebog31 why would it matter if it went back up if you continue to hold onto the property? Also, historical data shows that real estate increases in value of the long term. Yes there are crashes, corrections, etc... but data proves that over the course of history, real estate has always recovered, and exceeded the prices they once were.
leebog31 I’m from the UK, and I’m going to be holding onto the property for some time (first of all to live in) and secondly to rent long term. In the UK rentals are doing incredibly well, especially in my area - even with economic uncertainty, I’ll capitalise on those who are against buying homes by taking their rent money. Simple really
leebog31 You were a prophet 4 months ago!
I've never seen the inside of a cruise ship until this video.
Thinking same thing lmao
I didn’t even know that was a cruise ship 😂
Cruise ships are hella spooky... there was two hallways in my last cruise that went all the way from the front to the back and I was drunk walking down it. I for real kept thinking I got stuck in a loop where I’ll be tortured forever. All the doors were the same, and once you reach the middle of the hallway, you can NOT see the start or end of the hallway... in the middle of the ocean... it was freaky.
Cheyanne Deems were you also tripping lmao
@@mattharris2691 LOL No, but I watched films like 1408 and The Shining when I was young, so now I'm SO weary about long hallways and repeating patterns in buildings. It's easy for me to be scared sober, let alone when I'm shot off of an entire pitcher margarita hahaha
I love this!! my husband and I just started our journey 2 years ago, rented out our first home then bought a duplex, live in one side and rent out the other. We hope to be able have a lot more property in the future!
Update on hows it goin for you guys? Genuinely curious as im looking to get into this myself with my wife
Need an update!
I wonder what people thought about a man with a camera going around on the Disney cruise talking about real estate? 😂
Kidding aside, it's great input and insight of how real estate can be a great investment tool in your experience! Hope you had a super fun time on the cruise!
I always wonder what people think when he is walking around with his camera LOL
You all have to understand. Making a video for his business that constitutes a business expense=business tax write off for a vacation🤯 #thegoat
Wesley Taylor no it doesn’t, what planet are you from. If the irs catches you putting vacations as tax write offs you’re screwed
@@cabdolla maybe not this case, but in general you absolutely can
Henry what does that even mean. I specifically said vacation. Go call up the irs and ask them if they are cool with you claiming your personal vacation is a business expense and let me know how that goes.
@@cabdolla Looks like a work trip to me...
@@cabdolla sorry, irs didnt pick up the phone...must have laid off the call center after they fired the auditors. thanks obama
Having been a Real Estate Investor since 1989. I can attest to how cash flow, long term holdings, and tax benefits are where the real money is at.
Hi. So let's say you live out of $80,000 per year of your earnings, what is the % of taxation for a family of, let's say, four?
@@marstotalchaos4735 You're a simple son of a bitch :)
Creo que deberíamos intercambiar bitcion juntos, ¿qué piensas?
I wish I was as confident as Kevin is when he's just walking around a bunch of people talking to a camera.
I actually have a course you could use to become as confident as Kevin. It also focusses on getting a higher paid job too. Let me know of you are interested👌
You totally zoomed in at certain times on purpose 😂🔍.
Well they can clearly see he has a camera and is filming so they didn't have to get in the way.
Leon Henry yeah but they also want to enjoy their vacation by being in the hot tub
Leon Henry he’s talking about times like 1:00 lol
@5:00
I'm a simple man. I only saw water in the pool.
What would you say the percentage of tenants you get that are the ones that trash your place and refuse to pay rent continuously?
@13:30 the lady in the back - "wtf are you doing" 🤣🤣
The moment you realize you and Kevin have the same birthday😯 Happy birthday!
I was waiting for Kevin to say, “that’s THE CLAW of real estate.”
Awesome and very insightful update well i will also say this here. The awareness about making money online is getting higher daily due to covid 19 pandemic as the cryptocurrency world has recently noticed high flow of traders mostly when it comes to bitcoin trading,but due to lack of trading experience a lot of traders lost so dearly either by executing trades wrongly or using the wrog strategy. As a trader i have been as to record massive success trading and making good profit because i was lucky enough to find a working strategy/daily signals which was provided by an expert broker knowns as Morgan trading services . Her guidance and accurate signal is one of the best anyone could ever wished for when trading bitcoin. During my first month of trading with Morgan’s trading signals i was able to grow my initial deposit from 1.0btc to a total of 6.6btc which you would agree is a very good profit. Morgan daily signals are very accurate and yields a great positive return on investment and she’s always available to give a helping hand
I heard about Mrs Morgan trading services in my company,am surprise to hear her name here again ,She must be a professional broker
Please can someone recommend me on how to get to her?
Bitcoin is the future ,it’s left for people to understand that,Mrs Morgan has really taught me alot especially secrets of making profits in bitcoin
I’ve really heard a lot about her trading services from many channels ,her trading services are among the top
0:59 I'm like, what did you say? I wasn't listening
"But one should know that the GOAL is not Passive Income at first, but wealth generation and controlling as Real Estate much as possible to increase the net worth" - Kevin Paffrath - Real Estate Investor. We should make a quote wallpaper with a variation of the above, right?
Word!
I am a real estate millionaire and bought most all of it with cash then did rehab increasing the worth greatly. I care about the income mostly. If it does not create good cash flow then do not buy it.
If you are only really betting on the rise in value then you are betting on the appreciation. It has been great the last few years and crazy some places but the real estate has a cycle and we may again see values fall.
@@mecheckraise Well, I did pretty much the same thing with my first one, BUT! I am definitely limited by cash in repeating the process and most of the money are made when buying and rehabbing, just like you say. A -100-200$ cashflow for a good net worth increase from the buy and rehab is not devastating...I see your point and having cashflow to cover all the costs associated with the property with a small cushion would be the ideal situation and a safer one.
@@mecheckraise btw, Congratulations on what you did!
@@alexandruulici-buyingfreed9118 I agree with what he is saying. He broke it down well. Just note that unless you are in a great rising market that doing skinny cash flow deals can be tough when the market goes soft. Most people after 4 rentals find bank financing tough.
As long as you have great tenants I see controlling a million dollars of real estate and paying it off in 15 years has always worked as long as you do not feed it.
Friday we close on a 3/2/1 brick that should rent for $800 and we are paying $37,000 cash as a foreclosure. It is worth maybe $65,000. For me it works.
Please do a video on the 2006 real estate crash and how to avoid getting underwater on your investment homes.
I wish I saw this video when I was 15 yrs old. I’m also a Realtor. Get a job, save your money for a 3.5% down payment, buy a house and live in it while renting out your other rooms. Then eventually move, rent out your entire house and REPEAT! The key to that is you only have to put down 3.5%. If you were to buy a home that you don’t plan to live in (called non-owner occupied) then you would have to put down 20-25%! That’s a savings of $33,000 for a $200k house (3.5% down vs 20% down)!
Jason Walter Ya but once you refinance after a year don’t you have to convert it to a conventional non-owner occupied or do you just draw up a lease and move on? This is one detail no one has mentioned online as of yet just when I think someone will utter it out their mouth they glaze over it🤬
@@boxerboy860 In most cases, Kevin suggests not refinancing. Market rate rents should be enough cover the mortgage of that house once you move to another house. He has lectures in his REI course that explain how to determine whether or not to refi.
@@manp1039 I did not. I bought my first property when I was 29 but it was a 1 bed/1 bath. I wish I had purchased at least a 2/2 or 3/2 and rented out the rooms. Now I'm married so there's no way I can rent out rooms now but I wish I did when I was younger.
@@boxerboy860 Good question... You must be in the home within 60 days after buying it and live in that property for a minimum of one year, full time. If you move, you aren't required to refi. However, I'm not 100% if you can move and get another FHA for any reason so let me find out for you.
Yeah but 3.5 down means you have to pay PMI and not likely to CF for quite some time.
I just looked up this video for the intro and outro jingles. Crazy how much your son has grown in the last two years.
He’s so giggly 😂 like he’s telling you the BEST secret
I love how open and honest you are about everything so much value. Thank you Kevin!!! Beautiful family!
Kevin, you deserve way more subscribers. This is such an underrated channel that offers so much to learn about real estate and just about life in general. I’m predicting a very successful year for you on TH-cam, keep it up!👍🏻
In the UK The rules have changed now. No Interest right off anymore..
ALL income is classed as revenue. Mortgage payments are not taken out first. This could potentially happen in the USA. Lots of landlords have big tax bills. There are ways around it by putting the properties into limited companies however that will close up soon,
Bro I am hooked I am trying to quit my job and start doijg something else I’m looking into a dumpster rental business and other business I’m done working and I don’t want to to this for the rest of my life I found your channel for the whole stimulus updates but your much more than that and know so much I will study you and try to Dj what you do.
Neighborhoods going up like crazy here in south Texas, dumpster rentals everywhere for construction sites. You could make a killing if you get in with the building contractors. Good luck and don’t just concentrate on residential rentals go for commercial anytime there is a neighborhood going up or major school construction jobs.
Get that income!
Thanks Kevin. A lot of people won't share the real numbers and information. I would not be where I am now if I didn't dive into real estate back in 2013. Being able to be retired at 30 was a really awesome thing. People think this stuff is fake, but they don't have the ***** to put a large sum of money down and maintain properties. It costs money to make money, but there are so many types of loans out there that it's a no brainer.
I’m new to all these, how do I start investing in these, a lot of people seem to be earning from these.
There are so many ways to manage money and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later, good or bad.
If you're a beginner, find a solid strategy, perfect it on a demo account, don't go greedy over an extra dollar profit, don't go against the trend and always wish yourself the best. Get a mentor to guide you from the early stage
@@rebeccamoore8366 How did you do that?
@@Marynando I have a financial consultant Sir Maxwell who handles my portfolio and I have been perfecting my strategy with his educational materials.
@@rebeccamoore8366 Do you mean Mark Maxwell? I think I saw that name in a group I joined recently
12 houses means 12 roofs that last an average of 10 years or 1.2 roofs per year at say 10k. (after tax). then one water heater per house at 2K, plus painting say 3 that turn over at 1500 per house (4500) plus any structural issues and time to oversee. plus probably 4-5K per year of plumbing issues so your 72K is more like 50 in added equity. not bad, but not 72k
Judging by this video and many others I’ve watched by you and Graham, Real Estate is basically the ultimate life changer for those willing to put in the work early on
Just a Giraffe yes and easy when you have family money to invest in real estate. I don’t know if that’s the case here. Startup cash is everything. That first property can unlock everything. He’s a sharp dude no doubt. But we don’t know if he came from money. That makes all the difference. Every kid I knew from wealthy families is wealthy today. I don’t mean this as an insult, but it is very true. When you have a start up money it’s the difference between night and day and actually building wealth. It’s very hard to acquire 12 properties coming from nothing. Maybe he did, and that’s awesome.
@@jasoncharles9481 he said he came with no money. Me for example am about to buy a 4 unit, 4th piece of real estate at 32. Left my parents house with nothing, married and a baby at 18, bought my first house at 20... anyone can do these things if they are determined
I watch this video, and NEXT to how amazingly true and educational it is, all I can think of is "wow, look at the days pre-COVID"
Honestly you could avoid more than twenty two million you could have family partnerships establish a Walton trust and do tons of other things to avoid the estate tax
M A#np google it...
I would definitely need a property manager as I'm just too much of a nice guy.
Leveraging debt is financially skinny dipping. When the tide goes out, you find out who really has money to back up the debt that they are in.
I'd say that's why cash flow is so important you have property worth no cash flow have fun repaying those mortgages and trying to stay afloat
Happy birthday, Kevin! Enjoy your vacation while earning passive income 👍🏡
Thank you 😊
Are you looking for a reliable strategist capable of earning you reasonable income?
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@@jackallwell9549 Thanks for your recommendation
@@jackallwell9549 Wow her success stories is everywhere ☺️
@@angelinagomez7851 Wow this broker must be exceptional 🤔🤔 I'm writing to her now
But… as a home owner we all know owning a home ain’t cheap. The more you own the more you pay to fix. Plus tenants can screw up your home
Someone just did a write off for his cruise! Lol. Good job.
Just awesome
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I worked for a commercial lending company. Hard money loans for people doing flips. Super high interest rates for short term loans. Since It’s not a conventional loan closing was quick. Buying foreclosed homes as well. It’s crazy how much I learned that most people don’t understand. Lots of knowledge and possible investment properties.
Kevin!!! You don't know it but you've become a huge inspiration to me as well as my girlfriend (were the same age as you)
We spent all last year paying off all our debts and now today (Happy Birthday! BTW) with the coupon I signed up for two of your classes!
Were goin in 2020 market crash or not on real estate to make a positive change for our lives. Were never getting ahead working hourly even with good jobs. We need to build wealth and we need to build self worth and take control of our own financial futures.
With your help as a guide I'm and your presentation style (a white board every once in a while would help) i finally feel confident that i can mirror your success.Thankyou again and i look forward to the very in depth courses.
1:03 No Partners!? Yeah right! Lol let's see what your wife has to say about that. 😂😂😂
@4:20 wife's friend came by to check it out
Was watching this video, got halfway through it and totally forgot to finish the video because I bought the course and was more excited to work on that instead 😂
It's a great course! I'm 93% done. 😀
That’s the move! 🙌🏼
I live in Ottawa, Canada and have rental properties and it's next to impossible to find a house that is below market value these days. Most houses go higher than asking price due to multiple bidders. Also, you didn't mentioned about property management. Are you doing that yourself and if so, then it's not completely passive. Overall great video and I learned a few things. Thanks for posting.
4:50 I think it’s important to reiterate that, technically no you couldn’t buy a lot of the drinks with that money. Off the cash flow, yes. But not with the equity/net worth you’re gaining.
Tax free debt
Meet Kevin absolutely. And also sorry if the message came off negative. I really enjoyed this video. I’m 19 and beginning my journey in real estate and finance and your videos are a massive help (literally binged like 20 of them today when I found your channel) I mainly just made the comment because I was a little proud of myself for being able to have some input on the subject haha
HawksNest I hope you didn’t give up.
@@HawksNestYT that’s the mindset to have!
@@Inquiring nope! I’m unable to purchase real estate because my lack of a credit history. So I’ve been spending this time just working on building that history with a credit card as well as investing in the stock market and doing my normal work to gain capital. But real estate is still something I’m very interested in and keeping my eyes on
I love this! I was 26 when i bought my first rental property. Got really lucky and got the house on forclosure well under market value and paid cash. Was the most exhilarating moment in my life. Lol now almost 4 years later im in my way to buy house numebr 3 with much more buying power then i did back then. Real estate is fun. And anyone and i mean anyone can do it.
Happy Birthday Kevin! 🥳🎉🍾
I already finished the RE investment course - AMAZING - now I'm going to take advantage of today's coupon code to get the Property management course! Yaay! Sorry I won't be able to make it to Vegas, I'm closing on my 1st deal 2/20/20 YAY YAY YAY ! all thanks to you, your very informative videos and the course. You're my hero! 🤗
10 percent in the stock market is literally just depositing your money and doing absolutely nothing for an entire year though. and you could easily get 25 percent returns with a solid strategy and consistency
Do you still recommend this now with our current economy? Just looking for realistic - wise investments.
Andrew Rhyner yes
Getting inspired to convert our first family home into a triplex.. this video came at the right time
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He's paying for the cruise by making a video,cudos
That juicy TH-cam revenue though! And getting to write it off on taxes as well! So smart :)
It’s not always doing nothing. First, there’s office work such as tracking and documenting rent payments, repair expenses, insurance, and property taxes, income taxes, etc. Then there is fielding calls, showing rentals, background checks. Plus, handling repairs, cleaning, painting, handymen, subcontractors. Not to mention dealing with tenants in all kinds of ways. Managing a rental is not really a passive, do nothing situation. Be prepared to work.
It says a lot, that your comment didn’t get any likes in 2 years…
@@mo1976ney Agreed.
5:00 Did ya really have to zoom in here?
lol, you wrong for that one Bro...
1:02 should of got a zoom in
@@imhuman3333 😆
Directors pro cut
Baby got back!
At 35 I have 3.7M - 0 debt - I plan to vacate the family business and remain a minority shareholder, and move to entire passive income by investing in Real Estate.
Cash flow... how many people saw blood flow at 0:57 ? Asking for a friend.
1:26 you fucking scrublord
You cannot buy a single Truly Hard Seltzer with principal pay down. This is why cash flow matters, it’s the only thing that actually increased your buying power.
Haha kev don’t tell me you’re the guy with a shirt on in the hot tub
Kev doesn't want to be demonetized by TH-cam.
At least his shirt didn't have french cuffs, like this time: th-cam.com/video/orbKC1BWuMc/w-d-xo.html :) lol
I just recently stumbled upon Kevin’s channel. Watching many different previously. It hits the spot. I receive him as a genuine guy with really good advice and points.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
@@Jme--- hi, no I haven't do you know any or can you point me in the right direction?
@@Jme--- Thanks for sharing, but have you made any profit whatsoever?
@@Jme--- hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit off this.
Take a chance calculated risk bring rewards
I don't care about anything else. This is my favorite video because I see you are on a Disney Cruise! You are now elevated to my favorite TH-camr because you have brought my two favorite things (Disney and Real Estate) together.
I love this guy! Great info, they don't teach this stuff in high school or college.
The internet is bizarre. If you are willing to be leveraged 2x, then the annualized S&P 500 returns would be 20% (since its inception). Adjusted for interest, let's say 16%. That is also "tax free" until you sell, but then you only pay long-term capital gains tax. And it requires literally zero work and expertise. That's how the "rich get rich." Full stop.
I just bought my first property at age 20 but definitely a lot to learn
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My only complaint here is the net worth logic. You say you're net worth goes up by 150-200k (for example) when purchasing a property. Well actually you just took on 400k in debt, so no. You are definitely teaching the right mindset about wealth, but I prefer to take the more secure route of using rent to pay off a property entirely and use for the next.
Or maybe I misunderstood what you meant as later you say net worth of 0 if you have equal asset and debt
Morning routine .. Meet Kevin and some financial help 🙏🏽
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Message me on Wh@tspp☝️
Dude ! Happy Birthday ! Today is my Birthday too . Good video . AQUARIANS RULE !!!!
Oh you know all about real estate? Name every house... I’ll wait..
00:58 I thought when the girl walked by and the camera zoomed in it was to get a better look. 👀 lmao
I pray when it’s time to Rock n Roll I can find an agent like Kevin Smart,Witty,Thoughtful,Helpful thanks for all the angles on RealEstate!
how much was the cruise? i've been on 14 cruises but not on disney. 2. how do you pay no taxes ever? 3. what interest rate do you typically pay on your deals at the bank? 4. happy b'day
Quit picking on Kevin. He's face timing his twin 😂
Lol
Hey Kevin, I’ve always been under the impression that landlords get taxed on payments made by tenants into the mortgage. In your video, you mentioned that this chunk of money being paid into your mortgage is wealth growth and is not taxed. Can you clarify this for me? In 2006, I had a rental and I did it count the mortgage payment being received from the tenant as income and I got spanked by the IRS with a penalty.
Awesome video. I love that you include your family- and inspire everyone and challenge us with goals. Thank you!! Thank you for always being transparent. Thank you for always updating us on current business/financial news. Just thank you!
Sometimes I feel reaaally motivated to do things and be productive .. but it feels like my day should have like 36hours instead of 24h ..
Most realist dude on real estate, hands down. Cant wait to get your course
Fisherman Neil check out Ben Mallah
I love how he is just filming in the pool. Gosh just what a location to pick on the boat.
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Lmao she smart she marketing course at the end genius
Kevin, I am totally with you. I graduated in 2008 and been working for 12 years, i owns more than millions of net worth assets after deducting the debt, not from my saving or stock, but mainly from the real estate investment. My husband was at first against the idea to buy rental houses due to the potential risk of tenants not paying rent. After we got the rental houses and he got hooked, now he is the one wants to buy two more rentals, each rental gives us 2700 to 3000 per month, we only paid mortgage 1500, 500 goes to principal only 1000 is the interst cost. You know the math. I am planing to get 2 more rental maybe next year hopefully the market price will go down.
Is the 2% appreciation a net value? Or is that just matching average inflation?
it's so funny to me that your talking about making money and your background pic is on a cruise ship lol
Happy birthday Kevin! Enjoy the time you earned!
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Most residential REIT's are around %35 debt today. What is a realestate investor if not a micro REIT? %35 debt to value or less is the magic number!
Passive wealth building = no tax = thé goal
Right? Money is a game, and Kevin is killing the game! I shall get there one day! LOL
Can a uk citizen not living in the usa rake advantage of this? I'm about to step into this market and the USA seems alot better geared up to support this than the UK
Thanks for comments dont forget to hit the subscription button
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ᏯᎻᎯᎿᏕᎯᏢᏢ ᎷᎬ............
To clarify, when we say the "rich get richer" we're talking about billionaires. Not people who make 100-200k per year.
That’s still more than what you make🤪
If hes getting rich on these small investment. Imagine the exponential increase those billionares are getting. Just keep doing it and it would be a snowball effect
Kevin casually giving me life lessons on a Disney cruise
Chat me up on what's apps. On How to trade..
Chat.
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Ah, the pre-covid enthusiasm is, let's say, contagious...
Plus 2008 proves that poo poo happens.
The problem itself with most people is, buying a first home...what’s more of a challenge after that is how exactly do you buy your second home when you can barely save whilst paying off your mortgage?
I also have a question...I’m quite the novice however.. can you remortgage your first property and invest the remortgage money for a deposit for a second house?
Please answer
Thanks
lmao are you working while on a cruise?? much respect bro
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Also/Did Kevin mention? - The monthly pay down increases every month because the interest is calculated on a smaller amount. The 92k is lower than the actual number. Compound interest works both ways. But, it decreases the interest tax write off amount. Just another factor people tend to not think about when focusing on cash flow.
Please explain what a “wedge” is. Good video.
The "wedge" is the difference between market value and purchase price. Market value - sale price = wedge (spend some of this on renovations and gain equite with what's left over)
There's a video he made describing it in detail
Thanks for that zoom in my lil bro, time to go choke the chicken or better yet, feed the geese. Lmaoooo