Josh Blunt - there is opportunity in an economy like this. You can buy under market value, lots of senior investors who homes are paid off are cashing out a few properties here and there. I’m in the process of grabbing my second home and so is my boyfriend, and both our homes are below market value. Maybe you should consider other states such as Delaware- Very low taxes and houses from 20,000 to 250,000 depending on what you’re looking for.
I did something similar a few years ago unintentionally. Bought a foreclosure all cash for almost $35K (way below market value and super cheap) to be used as a primary residence, then spent about $26K in materials and 3 months basically redid 80% of the house (husband is a contractor). Lived there for 2 years, moved back to home town so sold the house at around $190K. It gave me the first taste of making money off real estate and I got hooked.
Ultimately, the best investment is the one that you’re comfortable with, that suits your objectives, and overall portfolio. The stock market has potential for long and short term growth.
We have to use this information now and not let the outside world distract us I have a theory that we won't be able to get free knowledge like this in the future I'm taking control now
I was literally going through all of Kevin's videos last night looking for the newest on buying a home for the first time...and this pops on this morning lol Incredible. Thanks Kevin
Than Merril aka Fortune Builders, Rich Dad Poor Dad guys that use Rober Kyosaki's name for their courses that has nothing to very little to do with Robert Kyosaki
Thank you sooo much for all the info, Kevin❤️ You’re the TH-cam personality who got me to overcome my fear of applying for the PPP program.. I was approved and received my funds.. Couldn’t have done it without you.. As a single mother.. I’m able to spend quality time with my son and provide him with what he needs for college.. You rock and your wife rocks!!! Thanks a million!!!
That Craigslist analogy is pure gold....I will NEVER forget that. Learned more from this channel in just a few short videos than any channel hands down...thanks
Kevin,I enjoy the sense of humor you have while explaining all of the do's and don'ts of reality. For being 28 you have a huge knowledge base of reality and experience.
Fantastic video. I wholeheartedly agree with all of this advice. People get surprised when they hear I make ~10 offers a month. Right now in Newark, NJ were closing on our second and third MF property in Newark 11.5% and 12% cash on cash returns respectively. We actually got lucky on one, had a mortgage contingency and offered $310k (ask was $280k). We locked down the deal but the bank only appraised for $280k, built in that wedge by getting extremely lucky! There's also a third illegal unit we are going to legalize in year two with the $ we save. This will bring our COC to %20, might be one of the best deals of my career!
I need to call you... I'm a local to Ventura county, am a first time home buyer, and waiting for this market to dip in the coming months/year. Was brought here from your video made today about the Fed housing crash.
Kevin, I appreciate your videos and I have been an avid watcher (I especially like your Robinhood video on buying a house on margin). Pieces of information I wish my immigrant parent knew to pass on, but I have to attain this information, so I can do for my future kids.
In 1985 I bought a lot of property and a few houses in the Russian city Pripyat, near Chernobyl, it was a growing town because of the jobs at the nearby nuclear plant...best investment I ever made.
Love You Kevin. . . Seriously appreciate All of your Efforts to Help folks Become Successful in life. . . Continued Blessings to you and your family. . . 💪💪💪
Kevin, your comment about perfectionism in Germany was spot-on. I once worked for a French man, he always demanded Perfection, we would achieve a 9 or 9.5 which is obviously in the upper tier of perfection. This made the French man money, not his employees. He would tell us "Even an 8.5 will do". Kevin, In finance, what number on a scale of 1 to 10 do you suggest not striving for???? A friend of a friend once told me, in stocks you just want to make a little bit on the shoulder, not top of the curve. That is how they made enough money for early retirement. Thank you Kevin! Bravo!
alex bob 240 after fixing it up. I’m still doing the “living in it for a year” part and I didn’t get a huge wedge because I really needed a good school district to put my daughter in.
@@FlipWithRicki bought physical in 2017 and held in but in march i shorted futures before it violently dipped to take advadage of the premium increase and sold the physical and the shorts and bought miners with the cash. It was extremely low risk and i made a killing on the miners.
How do you withstand all these mean comments you must have tough skin keep doing you Kevin, me not a comment person but some of these people are. . . Thanks for your postings they are so helpful to many people like me
Bro I have been following you since the corona virus started and You are fantastic man!!! I am definitely gonna invest in your real estate classes...thanks for all the info you have put out. Well done 👍🏽
Bought a house with 3% down with best school district in the metropolitan and growing fast, cash flow ability day one BUT I plan to stay for a few years, hoping this type of stuff works out for me!
Do you test walls for asbestos? We had to completely tear out all walls before moving into our home. Had it air quality tested. They found lead in the old grandma tiling. Our house was a complete do over. Set us back A LOT!
Do more of these tutorials Kevin I really love them. As a future real estate investor in medical school these educational videos are great to teach us regular folks who want to invest in real estate.
@@cryptoflippodcast both! Its been difficult but every dollar I save goes to stocks. My plan is to cash out once I have a sufficient amount for a down payment on a good deal in my area, rent that out then keep investing profits into stocks until the next good deal. Im 29 years old and have made and lost hundreds of thousands of dollars as a professional blackjack player, but not looking to gamble with my life anymore.
Make it easy on yourself. I bought a duplex, moved into one side, and the rent from the other side pays for most if not all of the mortgage. Just be sure to save a decent sized emergency fund.
If u can save 55 a day u can have 20k in a year deliver pizza for a year and u got ur $ u going to tell me u can’t make 55 bucks working a couple of hours ?
This is very helpful. My dream is to get into the real estate business. I made my first flip in my early 20s then life got in the way. Can't wait to get back in there.
hello this is helping hand organisation setup by few individual to help the world due to the pandemic situation going on, without paying noting this program doesnt exclude anyone you can all get support from us between limit of $1000 to $10,0000 email (stimulusnotenough@gmail.com} you just have to tell us what you need money for please don’t lie about it we have helped more than 200 united citizen successfully we hope to help more citizen of UNITED AND CANADA citizen NOTE:this is legal activities
Jeannie Dmitruk you’re fucking stupid, no one in their right minds is paying 1000 dollars for a TRIAL, especially when you say it’s to prove it’s not a scam, fuck off
Question. Say for instants the reason the house is lower is because it is smaller. Does this house still hold more value because of the properties around it still? Depending on if they are bigger properties.
Can somebody help explain please? Nobody ever seems to mention having to pay back after the cash out refinance. You now have a bigger payment. And you still have the debt. So how was your network 50,000 when you owe even more in the grand scheme of things? I understand that you have the cash in your pocket and a tenant can pay the rent, but I don’t see how people go about getting approved for the second property while having more debt
The problem now, is that these fixer-upper homes are selling for as if they are already fixed up. Wedge deals are nearly impossible right now, unless you go off market
Hey Kevin! I live in Montreal, I’m 19 and the only option I have here is to invest in a condo. Please make a video for people starting off real estate investing in condos/apartments. Great vid btw!
Say I have an inheritance of a quarter of a home but don’t wanna use my cash so I own a qtr of a home that has to be sold and I’m the only one who wants it ... would the qtr ownership equal cash?
Hey kevin what happens if we do get the house fix it up but can find renters? Those months where theres no renters and u have to cover the mortgage wouldnt that be hard to do along with where u live.currently? Or just move in live In there and find renters later?
Thanks for the vid Kevin. Little late to the real estate party, but under contract for my 1st property (townhouse, gotta start somewhere!). It's a short sale, the irony in that term, but I'll keep you posted on how it goes.
Just made my $100 deposit to Webull. Let's hope huge for financial success for the future. I hope to be in the position to buy my first home by the end of the year. Thanks for all your motivational videos, I really appreciate it. Hopefully I will get a chance to meet in person one day.
No-till Solutions no. Market value and price are different. Market value is estimated worth compared to comp properties given the size of the house, location, amenities, etc. The list price may fall above or below market value, as can the final sale price. Foreclosures / shortsales are commonly sold below market value. Residential sellers commonly overestimate the worth of their home and price it above market value. That’s the whole reason why Lenders hire people to do appraisals and why realtors do Comparative Market Analysis. If price was always market value, there’d be no need for these. Sometimes real properties happen to be priced or sold exactly at market value, but this is not very common. Also, market values are estimates and can differ slightly depending on how the figure was arrived at (The type of appraisal, for instance).
If anyone is offering advice that adds doubt to your thinking , I would highly reccomend you right it off as a fear mongor. Fear of the unknown ( you could replace unknown with many other labels; failure, loss, abandonment...the list goes on and on) is the energy perpetuating a meeger life. Always pointing the finger at someone else for not having what they want and deserve. So long as they dont step out into new territory they feel safe and secure in what they know and have lived with for years. As long as they dont fail, etc, etc then its someone elses fault for their mediocricity; the rich dont pay taxes, the banks are corrupt, the system is fucked, bla bla bla. So what!!! Embrace the nervousness as a sign that you are transcending limitations, love your nervousness and invite it on the ride, encourage it as you would your child when learning to ride a bike. It feels alone, let it know you are there. Dive in the deep end its fun. Run your numbers and due diligence for the property and dive in girl. If the numbers dont work then look again. But what about coronavirus? What about the economy? Will it rebound? Who knows!!! Who cares? The fear mongor cares but your not one of them. Keep movin forward with the wisdom youve gained and go for it girl. PS these are things I tell myself amidst my own critics so this is for me just as much as it is for you.
@@no-tillsolutions6966 Um...no. Market value is how much someone will pay for it. An empty duplex is cheap. A duplex with two tenants and signed rental contracts sells for much more.
Hey Kevin. Big fan of your channel. What do you think about Roofstock as a way of buying real estate property? I have 200k to invest and live in Brooklyn, NY. Not the best area for bargain real estate, obviously lol. Thanks
I'd be interested in hearing your opinions on investing in not-California. Like, in nice suburban areas around mid-size and smaller cities where there isn't really an insane rental market and SFH are the *only* option. And a 2k sqft house is consider smaller and houses don't get "big" until 3500+. How would advise someone to invest in real estate when "never sell it and just rent it" isn't feasible?
![How to Retire in 7 Years Starting w/ $100 [The Rule of 200]](http://i.ytimg.com/vi/8iJ5CdgqXUw/mqdefault.jpg)
More tutorials?
Yes please. Like forming an llc to protect your assets. Who do you use etc. 😊👍
Meet Kevin Please! It’s tricky in an economy like today.
This video was great!
Josh Blunt - there is opportunity in an economy like this. You can buy under market value, lots of senior investors who homes are paid off are cashing out a few properties here and there. I’m in the process of grabbing my second home and so is my boyfriend, and both our homes are below market value. Maybe you should consider other states such as Delaware- Very low taxes and houses from 20,000 to 250,000 depending on what you’re looking for.
More tutorials like this, yes.
I did something similar a few years ago unintentionally. Bought a foreclosure all cash for almost $35K (way below market value and super cheap) to be used as a primary residence, then spent about $26K in materials and 3 months basically redid 80% of the house (husband is a contractor). Lived there for 2 years, moved back to home town so sold the house at around $190K. It gave me the first taste of making money off real estate and I got hooked.
Yeah you unintentially hit the market just right too
REITs are also a great avenue for building passive income and can help diversify your investment portfolio by holding a different asset class.
It truly can bode well for investors seeking higher yield.
The stock market is quite risky, some stocks can be quite volatile.
@@oliveredwards2793 That’s exactly why you need to be prepared to ride out market volatility. It may even be an opportunity for you to profit.
Ultimately, the best investment is the one that you’re comfortable with, that suits your objectives, and overall portfolio. The stock market has potential for long and short term growth.
I’ve bought lots of stocks that seems like there’re gonna generate good profits but they always end up performing poorly.
This guy is literally explaining how to 5X your NET WORTH and taking you through the steps for completely FREE. You are the best Kevin, Cheers. 👏
Yep, not selling a course just dropping nuggets of gold for free. It’s awesome.
We have to use this information now and not let the outside world distract us I have a theory that we won't be able to get free knowledge like this in the future I'm taking control now
Than do it, I don't want to be in debt with variable interest. I know whats he's asking of my time and money.
carmineglitch that’s fine, so long as you’re not up to your elbows in bullshit consumer debt.
Lmao that might work somewhere cheap but here in nyc good luck 😂
I was literally going through all of Kevin's videos last night looking for the newest on buying a home for the first time...and this pops on this morning lol Incredible. Thanks Kevin
I take that as meant to be. Go for it.
Amazing! Serendipity indeed. It’s gonna work out great for you my friend!
Stop lying
have u bought it yet? how did it go?
Kevin just gave more information in 15 minutes than “gurus” give you for hundreds of dollars and hours of upselling crap
Mda
😂
Yup😂
Can we toss out some names just for awareness? I'll start: Stephan Dux
Than Merril aka Fortune Builders, Rich Dad Poor Dad guys that use Rober Kyosaki's name for their courses that has nothing to very little to do with Robert Kyosaki
Buying my first deal within the next 30 days! Just finished the loan application. Duplex for $195K, ARV 300K and net cash flow of $500!
Thank you sooo much for all the info, Kevin❤️ You’re the TH-cam personality who got me to overcome my fear of applying for the PPP program.. I was approved and received my funds.. Couldn’t have done it without you.. As a single mother.. I’m able to spend quality time with my son and provide him with what he needs for college.. You rock and your wife rocks!!! Thanks a million!!!
Congrats!
I made 1K in one day by listening to Kenvins Stock Tips! Kevin keep teaching!!!
“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
Fortunately Fannie Mae and Freddie Mac are bankers who lend you their umbrella for 30 years and tell you to keep it after 30 years.
Rain or shine :P
A banker aka a bankster
@@MeetKevin As long as you make the payment on time. Ever hear of The Grapes of Wrath?
NotA Programmer Just as is stipulated in the signed contract.
That Craigslist analogy is pure gold....I will NEVER forget that. Learned more from this channel in just a few short videos than any channel hands down...thanks
Need to post more of these videos
Kevin,I enjoy the sense of humor you have while explaining all of the do's and don'ts of reality. For being 28 you have a huge knowledge base of reality and experience.
Great video Kevin!
Thank you Kevin, I gotta re-watch the video , because I'm a little sleepy but it's very helpful/resourceful
I love how much information I recieve each and every time I tune in.
Every video!
Fantastic video. I wholeheartedly agree with all of this advice. People get surprised when they hear I make ~10 offers a month. Right now in Newark, NJ were closing on our second and third MF property in Newark 11.5% and 12% cash on cash returns respectively. We actually got lucky on one, had a mortgage contingency and offered $310k (ask was $280k). We locked down the deal but the bank only appraised for $280k, built in that wedge by getting extremely lucky! There's also a third illegal unit we are going to legalize in year two with the $ we save. This will bring our COC to %20, might be one of the best deals of my career!
Love your videos Kevin! Keep up the in-depth analysis
"Get out there an go build some wealth"
LOVE IT!
I need to call you... I'm a local to Ventura county, am a first time home buyer, and waiting for this market to dip in the coming months/year. Was brought here from your video made today about the Fed housing crash.
Kevin you rock and get better and better!! See You on the Mountain on youtube!!! Beekeeping is cool on See you on the mountain!!
Kevin, I appreciate your videos and I have been an avid watcher (I especially like your Robinhood video on buying a house on margin). Pieces of information I wish my immigrant parent knew to pass on, but I have to attain this information, so I can do for my future kids.
That’s what it’s all about Christopher... very cool you are building wisdom to pass onto your kids.
1. Poverty level unseen 20%
2. Keep commute under 20 mins
3. Zillow finder for Agent
4. be approvable
3 bed 2 bath or better
That's absolutely true about perfection. The cost and time add up quick. And the will power is diminished.
Zillow Redfin etc prices are at least 7% off .Get an agent that lives in the market in which you are shopping.
In 1985 I bought a lot of property and a few houses in the Russian city Pripyat, near Chernobyl, it was a growing town because of the jobs at the nearby nuclear plant...best investment I ever made.
Love You Kevin. . . Seriously appreciate All of your Efforts to Help folks Become Successful in life. . . Continued Blessings to you and your family. . . 💪💪💪
Kevin, your comment about perfectionism in Germany was spot-on. I once worked for a French man, he always demanded Perfection, we would achieve a 9 or 9.5 which is obviously in the upper tier of perfection. This made the French man money, not his employees. He would tell us "Even an 8.5 will do".
Kevin, In finance, what number on a scale of 1 to 10 do you suggest not striving for????
A friend of a friend once told me, in stocks you just want to make a little bit on the shoulder, not top of the curve. That is how they made enough money for early retirement.
Thank you Kevin! Bravo!
i literally just did this with a $240k house I bought for $200! Doing the work myself, $10k budget, living in it for a year or so! Also House hacking!
What's the house value?
alex bob 240 after fixing it up. I’m still doing the “living in it for a year” part and I didn’t get a huge wedge because I really needed a good school district to put my daughter in.
@@ClarsSeesStars what area?
alex bob outside ofAustin, TX
@@ClarsSeesStars I'm in San Francisco, Ca. I can't buy a house over here yet but I do have enough for a 240k house
Love Ur vidioe bro. I'm learning so much. Ur a champion.
I just bought 3bdrm/1ba with a basement and two car garage in a small Minnesota town for $26,000.
what?
This is very helpfull video i am planning buying my first house.
Leverage in Real Estate is One of The Most Powerful Things I've ever seen in Investing!
I do absolutely nothing and make 10% average on gold, tax free!
@@canofpulp Awesome are you buying and holding or trading it?
@@FlipWithRicki bought physical in 2017 and held in but in march i shorted futures before it violently dipped to take advadage of the premium increase and sold the physical and the shorts and bought miners with the cash. It was extremely low risk and i made a killing on the miners.
I got taxed on the shorts and miners obviously
Im finally confident and ready to hear about the opportunities for personal growth in finances. Grateful for New Pathways to Abundance! GodIsAwesome
I don’t think I’d feel comfortable doing a Craigslist deal at 9 P.M. anywhere 😂😂😂
That's why he's a millionaire
Seriously
Wuss 🤣
Kevin how do you not have over 1 million subs with the constant VALUE you provide?
How do you withstand all these mean comments you must have tough skin keep doing you Kevin, me not a comment person but some of these people are. . . Thanks for your postings they are so helpful to many people like me
Thanks,Kevin for such valuable information ,
Wow !🇺🇸
I purchased his Course Simply EXCELLENT ♥️
Thanks for all your videos. You're a wealth of knowledge.
Thank you for continuing put out the high quality content every day.
Bro I have been following you since the corona virus started and You are fantastic man!!! I am definitely gonna invest in your real estate classes...thanks for all the info you have put out. Well done 👍🏽
Not sure I really understand all of the logistics of the numbers but very informative
What about Cast iron? Quite a few homes in my area still have it.
Only been following your vids for a few months now, but on track for success - Thanks for all your great advice!!! Keep up the awesome work 💪👍
Foundation for anything is important
I can't wait to buy your course. Thanks for the info, Kevin.
Bought a house with 3% down with best school district in the metropolitan and growing fast, cash flow ability day one BUT I plan to stay for a few years, hoping this type of stuff works out for me!
How much was it and where
Do you test walls for asbestos? We had to completely tear out all walls before moving into our home. Had it air quality tested. They found lead in the old grandma tiling. Our house was a complete do over. Set us back A LOT!
Love these videos! Please keep them coming!
Could you please do a video condos and how profit from them ? Thank you greats videos !
Kevin explaining why people ought to listen to him at the beginning of the video feels weird when you’ve been here for years. Haha 😅
What is your point?
Agreed! 😂 We MeetKevin veteran viewers are like Duh. 😀
I know. I thought maybe it was re-uploaded.
Being a noob. Lol
Michael Williams
What is the point of anything? 🤯
Do more of these tutorials Kevin I really love them. As a future real estate investor in medical school these educational videos are great to teach us regular folks who want to invest in real estate.
Always great content Kev, and yes more tutorials please.
I'm making plans to dive in soon! After I take your course.
*Making the inital 20k may seem tough at first but there are a lot of ways to make extra money*
thats where im at right now, almost at 10k
@@nxvxskins9109 congrats! is that just from saving or from side hustles?
@@cryptoflippodcast both! Its been difficult but every dollar I save goes to stocks. My plan is to cash out once I have a sufficient amount for a down payment on a good deal in my area, rent that out then keep investing profits into stocks until the next good deal. Im 29 years old and have made and lost hundreds of thousands of dollars as a professional blackjack player, but not looking to gamble with my life anymore.
Make it easy on yourself. I bought a duplex, moved into one side, and the rent from the other side pays for most if not all of the mortgage. Just be sure to save a decent sized emergency fund.
If u can save 55 a day u can have 20k in a year deliver pizza for a year and u got ur $ u going to tell me u can’t make 55 bucks working a couple of hours ?
I wasn't aware of the Zillow agent finder map. Really helpful stuff!
We need friends like Kevin in our lives. Motivational af! 🔥
Haven't watched a video with that much value for a long time.
Good job Kevin. Really valuable info
Im not a new subscriber, but this is GOLD. Im getting the course as soon as I can
This is very helpful. My dream is to get into the real estate business. I made my first flip in my early 20s then life got in the way. Can't wait to get back in there.
This has been my plan. Getting my first place next year. Kevin you just made me super exited. I can’t wait!
Great video bro!!
“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.”
--Edmund Burke
hello this is helping hand organisation setup by few individual to help the world due to the pandemic situation going on, without paying noting this program doesnt exclude anyone you can all get support from us between limit of $1000 to $10,0000 email (stimulusnotenough@gmail.com}
you just have to tell us what you need money for please don’t lie about it we have helped more than 200 united citizen successfully we hope to help more citizen of UNITED AND CANADA citizen
NOTE:this is legal activities
stimulus notenough NOTE: no it’s not, this is a scam
@@ethanwilliamson782 NO WE ARE NOT A TRIAL OF $1000 WILL GIVE YOU A PROVE
Jeannie Dmitruk you’re fucking stupid, no one in their right minds is paying 1000 dollars for a TRIAL, especially when you say it’s to prove it’s not a scam, fuck off
THANK YOU FOR THIS VIDEO. great tips from an expert
Finally kevin more videos of what we want real estate
Bro I love you man thank you so much be blessed🙏
We need a tutorial for first time buyers in high priced areas like SoCal. Tips and tricks on qualifying for a $600k + home with an average salary?
Invest in other states is my thought
This video needs to happen
AGREED
What do you consider an average salary
The average salary in SoCal is $63,783
KEVIN !! I’m listening- thank you for this information! Much appreciated!
Great advice but what do I do if the average home price in my neighborhood is 1.3million and I'm a first time buyer?
how does cash-out refinancing work do you have a video?
Question. Say for instants the reason the house is lower is because it is smaller. Does this house still hold more value because of the properties around it still? Depending on if they are bigger properties.
Can somebody help explain please? Nobody ever seems to mention having to pay back after the cash out refinance. You now have a bigger payment. And you still have the debt. So how was your network 50,000 when you owe even more in the grand scheme of things? I understand that you have the cash in your pocket and a tenant can pay the rent, but I don’t see how people go about getting approved for the second property while having more debt
The problem now, is that these fixer-upper homes are selling for as if they are already fixed up. Wedge deals are nearly impossible right now, unless you go off market
Great video again man! Enjoy watching these types.
Hey Kevin! I live in Montreal, I’m 19 and the only option I have here is to invest in a condo. Please make a video for people starting off real estate investing in condos/apartments. Great vid btw!
Say I have an inheritance of a quarter of a home but don’t wanna use my cash so I own a qtr of a home that has to be sold and I’m the only one who wants it ... would the qtr ownership equal cash?
Loved the detail explanation, literally was picturing everything you said !
Awesome video Kevin! Great breakdown I really enjoyed it. Keep them coming!
Hey kevin what happens if we do get the house fix it up but can find renters? Those months where theres no renters and u have to cover the mortgage wouldnt that be hard to do along with where u live.currently? Or just move in live In there and find renters later?
Digging the new qualifications! Thanks brother
When houses are at least 500,000 in Sydney Australia and even then the house is in the middle of the anywhere or only has one bedroom
Love this video Kevin! Great explanation!
Thanks for the vid Kevin. Little late to the real estate party, but under contract for my 1st property (townhouse, gotta start somewhere!). It's a short sale, the irony in that term, but I'll keep you posted on how it goes.
Finally! You’re back to your roots on videos
Thank you for this video!!!! I am here for it!!
Love these videos Kevin, you're exploding the minds of the people when you talk about having a game plan for buying a house!
Much love my boy! Keep winning
Finally got thorough and approved for unemployment going to get your course
did you get it ?
Love your real estate videos!
Once this stimulus is over with I will keep watching for your Stock and real Estate Tips!
Where can we find the statistics to meet your buying requirements?
Stay away from perfection it is bad for business!! Truth Kevin truth!!!
Just made my $100 deposit to Webull. Let's hope huge for financial success for the future. I hope to be in the position to buy my first home by the end of the year. Thanks for all your motivational videos, I really appreciate it. Hopefully I will get a chance to meet in person one day.
Good luck!
I've found a foreclosed duplex for 85k, market value is 150k. I need to go check it out but it'd be my first property and I'm nervous.
David Dez 😂
No-till Solutions no. Market value and price are different. Market value is estimated worth compared to comp properties given the size of the house, location, amenities, etc. The list price may fall above or below market value, as can the final sale price. Foreclosures / shortsales are commonly sold below market value. Residential sellers commonly overestimate the worth of their home and price it above market value. That’s the whole reason why Lenders hire people to do appraisals and why realtors do Comparative Market Analysis. If price was always market value, there’d be no need for these. Sometimes real properties happen to be priced or sold exactly at market value, but this is not very common. Also, market values are estimates and can differ slightly depending on how the figure was arrived at (The type of appraisal, for instance).
If anyone is offering advice that adds doubt to your thinking , I would highly reccomend you right it off as a fear mongor. Fear of the unknown ( you could replace unknown with many other labels; failure, loss, abandonment...the list goes on and on) is the energy perpetuating a meeger life. Always pointing the finger at someone else for not having what they want and deserve. So long as they dont step out into new territory they feel safe and secure in what they know and have lived with for years. As long as they dont fail, etc, etc then its someone elses fault for their mediocricity; the rich dont pay taxes, the banks are corrupt, the system is fucked, bla bla bla. So what!!!
Embrace the nervousness as a sign that you are transcending limitations, love your nervousness and invite it on the ride, encourage it as you would your child when learning to ride a bike. It feels alone, let it know you are there. Dive in the deep end its fun. Run your numbers and due diligence for the property and dive in girl. If the numbers dont work then look again. But what about coronavirus? What about the economy? Will it rebound? Who knows!!! Who cares? The fear mongor cares but your not one of them. Keep movin forward with the wisdom youve gained and go for it girl.
PS these are things I tell myself amidst my own critics so this is for me just as much as it is for you.
@@no-tillsolutions6966 Um...no. Market value is how much someone will pay for it. An empty duplex is cheap. A duplex with two tenants and signed rental contracts sells for much more.
Bro how are you gonna post something like that and not update us? :(
Keeping it real!!! 10/10 on the last plug! 😱👏
Thank you once again Kevin!
Awesome information.
Hey Kevin. Big fan of your channel. What do you think about Roofstock as a way of buying real estate property? I have 200k to invest and live in Brooklyn, NY. Not the best area for bargain real estate, obviously lol. Thanks
Finally! We back at this videos🔥🔥👍
I'd be interested in hearing your opinions on investing in not-California. Like, in nice suburban areas around mid-size and smaller cities where there isn't really an insane rental market and SFH are the *only* option. And a 2k sqft house is consider smaller and houses don't get "big" until 3500+. How would advise someone to invest in real estate when "never sell it and just rent it" isn't feasible?
Amazing content as always. Truly unique on TH-cam.