I F'd Up | Real Estate Nightmare - DON'T DO THIS.
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- เผยแพร่เมื่อ 24 พ.ย. 2022
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Don't believe the state of California and the triplexification of California.
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Moral of the story don't invest in CALIFORNIA
I counted a whole 60 seconds after I posted the video before someone posted this. You sir, are a legend. #First.
because you're right - CA OMG
@@MeetKevin sorry I was slow to post..... I'm busy quite quitting my government job 😆
Savety arguments used to assert power... oldest trick in the book
Texas is where it's at
Auto sabotage is a real thing. I remember thinking and saying "this will never happen to me" about leverage and greed! Well, you can guess the rest! The biggest lesson is not to be greedy but to follow my own rules ALWAYS!
Looks like a $20k foreclosure in the Midwest.
Love your honest content! Most won’t say their mistakes. 👍
Could you sue to enforce performance on the 45-60 days?
Lesson #1 NEVER believe the Govt.
Thanks a ton for this video Kevin! Great value walkthrough to learn from your mindset about these things. I know RE vids don't hit as hard as your other videos but I really appreciate these and as well.
you're an absolute legend for this thank you so much kev
On site videos like this really add value to my viewing. Off hand remarks about quirky issues are gold during your walk thru. Please use this format again.
This project looks great, although it is taking forever. Good to know that California’s ADU deadlines get extended like this.
if Kevin would’ve won governor ship, he would’ve changed all this and made housing way more affordable, and make California more investable
Kevin you are really inspirational- it’s so insane how many skill sets you have .. just goes to show the power of curiosity!
Love these type of videos!
Glad you like them!
as a home inspector in training, this is phenomenal. i'm like "I KNOW WHAT THAT IS!!!" the ENTIRE video LOL
I like your approach to this project, go Kevin, you will accomplish it nicely. I ve been there, done similar project in LA. Thanks for sharing the project with us.
And I thought waiting 6 weeks for a permit here in south Florida was to long. Thats insane.
Oldskool Kevin! Real estate man!
I thought you couldn’t rent out a jr ADU if the owner isn’t living in one of the units.
Great job 👍! Never Give Up and Always Up for the Challenge! It's The Pleasure of Accomplishment.
In some counties, it is because you didn’t pay off the inspector. Some builders know which one to pay off. You know which ones, the ones that get their approvals quickly
The hallway to the second unit was stupid idea - Fire that guy -
Awesome breakdown ! Learned a lot. Shoutout MeetKevin 💯
Serious value in this video. Thank you!
So rad you share this such valuable info
My pleasure!
Love the real estate videos kevin
Great video, that was extremely informative even from an Aussie point of view 👏
Kevin I regret taking your advice on APE!!! The only thing I did right was selling covered calls so many times that I paid for all my AMC and APE. Next time I won't be so stubborn, you live and you learn. Keep up the great work!!!
I own my house and I'm looking at buying rental properties when the opportunity arises.
You sell call weekly or monthly?
Now AMC going up, r u still selling call or now u r selling put instead?
That looks like a connected garage that was either converted to a garage previously or redesigned to become part of the living area again and then a conventional detached garage built so you can take advantage of the ADU
My daughter recently moved into a triplex. The worst part, aside from the old bathroom, is the lack of parking space and a narrow driveway out front. All the other tenants have trucks or SUVs. *Question: Is there a tax credit or grant for windows (energy efficiency) for renovators?
But my Realtor says real estate in California ONLY GOES UP !
Wow!!! I remember this episode from two years ago. It’s going to be a dope house when it’s done
Interesting story. Looking forward for more!!
Kev, I love the real estate content. Stonks are cool, but man real estate hits different. It's more work, but it's such a great store of energy, money, and wealth. Let us know if you're doing a real estate seminar in New York I'd sign up with a coupon code. Lmaoo
fill the ceiling cracks with silicone first then plaster to repair, cracks wont keep showing up... The bathtub surround, considering you have plaster and lath is tough once water gets behind it... Why are there holes? That plaster crumbles quick and tiles cave in; youll have a resident calling you for repair.... Bathtub surround is the way to go... bathroom vanity and countertop I would suggest appliance painting it or using epoxy
Do you have separate meters for all the units?
@Kevin can you describe what an AU unit is? you mentioned that when talking about the garage
2 years for building permits - wtf
I missed these videos
Construction is extremely expensive, like really expensive, and thats just the labor costs, next comes material costs.. 😐
Every time I see an American house with framing exposed it amazes me at how cheap they build
Earthquake zones are wood. You might be thinking brick/concrete -- VERY BAD in earthquake zones! No flex!
Thank you
Looking forward to the full remodel .
Excellent video
Great content
Awesome content
Any updates on Househack?
Kevin, love your humility. And teaching. Now… will you please run for office!!??
love this video, thumbs up
Did you actually use the old-school can lights and not the LEDs that clip up in the ceiling? They are way easier and less expensive. IMO
Why wait? If they are in violation of the state law, what are they going to do?
NOTHING
The richest man in the world left California think about that he's not even a conservative
Waiting two years for the government to approve development... Yikes
No wonder why homelessness is so bad.
You know I’m critical on you with a lot of decisions but Real Estate is your natural talent. Amazing video you really know your stuff. Great video to teach people some things
If you sell the property as it now, do you still get to keep your spit in the permit line, or does the new owner start over at the back of the line?
It looks like children's rooms like a big room turned into a couple bedrooms and living room good usability
Kaven what kinda watch is it on tour wrist?
The fence looks cool sweet pea!🎃🎄🎇✨🎉🎑🎀🎁🎗
how does the state governent with the highest tax rev in the country still not have enough to hire staff?
That hallway is a bit weird. If you intend to rent it out separately the the tenants just have a weird unusable hallway to nowhere. In my opinion, better to open it up. You can still have a door there. Just no hallway.
The problem is all the interest you pay in that time but if you get a good deal and pay it fast you should still be good but that is real expensive for a ridiculous amount of work
Kevin, who helped you with all the design options?
8:55 interesting inside electrical on the outside in the rain never seen that one before
that'll get sheathed and stucco'd in
I miss that intro music in all the property investing videos. Lol
Definitely not an empty cup today 😂
Sweet Jeep TJ! Is that yours Kevin?
Funny - 28 cents for a SS washer at Home Depot
The fact that cali looks like this rn next to Canada 😂 you’d be digging 3’ juste to get to the ground
You can't sue the city?
Im with the government and Im here to help.
This freaked me out! I shut it down after 5 minute's. It's kind of like. "There Will Be Blood!" Things got plenty bloody I tell ya!
That's where this'll end...
Great property and idea. I think it will be a good investment.
approx $108K in holding costs
The lesson is don’t close without entitlements.
Cldnt you still redue the garage and rent it out with the smaller apartment and they can live in both or no that’s not possible
Where is this house Kevin? Costa Mesa?
@10:34 I take it Kevin doesn't mind possibly touching lead paint
8:40 that hand is cursed now lol
Ouch, that is brutal dump....
Hi Kevin
After this video you will probably have a client for this house before Monday 🤷😂
Anyway, thank you for your knowledge 👌
My financial position just got a lot better lol
Why are so many American homes made from wood whereas in the uk we use brick and stone with a internal wood frame?
Not surprised homes in US get flattened in storms.
Is there are genuine reason for wood only?
Kalifornia is uninvestable.
Didn´t know you go outdoors. Nice!
That plaster may also have asbestos in it.
hmmm Kev, First only VHFSZ very high fire severity zone can be exempted. Not even just a high fire severity zone. And it's by the official CAL Fire fire zone map (which will have the recommendations for the zone that your municipality may change). If they changed it up due to trying to circumvent the new housing laws...like the one you refer to, then they are breaking the law, as they specifically cannot create ordinances or laws that obstruct the new State housing laws....the only loophole for that is in the ODDS, objective design standards building ordinances. That does not look like the area has any chance to be a VHFSZ on the CAL Fire map. I don't know where you are, so just looking for steep hills and tons of trees, which I don't see.
Soft roll copper main?
Where do our California tax dollars go? Sue the state Kevin.
You got a GOOD DEAL - you have $750,000 into the house - wtf
More real estate videos
THAT brickwork is HIDEOOUS 😂
My advise - gift the house to the local police department for uncover cops -
An electrician is suck, didn't leave any extra wires at each socket and box
@clicbaitKEVIN! Informative! Tks. What is your real estate channel again?
Sue them. That’s the only way they will learn. They cost you a lot of money. They broke the law. They aren’t above the law. They will do it again to u and others if you don’t and I bet not most people are in the position like you are to keep that government accountable.
Talking about beefy walls, you should see an european house under construction😂
Funny - don't panic - gift your house to the local police for undercover Drug police dogs.
That's not a mistake. That's California.
I love real estate videos much more.
Woah.