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💎Noob vs Pro Crash Courses: https://meetkevin.com💎
🏦Profit Portal (Course): https://go.meetkevin.com/pp
🟢ACTUAL Financial Advice with Kevin: https://stackhack.com
🚨My Startup: https://househack.com
📰My Daily Newsletter: https://go.joinmeetkevin.com/the-dail...
Favorite 3rd-Party Products (Affiliate / Paid Commissioned Links):
🎥360 Matterport Camera: https://metkevin.com/3d
✝️Life Insurance in as little as 5 Minutes: https://metkevin.com/life
📸https://metkevin.com/webcam
📝Disclaimer:
This video is not personalized financial advice for the viewer. Read the Offering Circular before investing in HouseHack.
⚠️⚠️⚠️ #RealEstate #Buying #Rental ⚠️⚠️⚠️
How to buy a rental property: Here's a complete guide noob-vs-pro style to help you learn exactly how to buy your first rental property whether its a multifamily building or single family house, step-by-step. This video will break down exactly what the mistakes are that noobs and beginners make and I'll explain what pros do well to maximize their income and get the best deals. I'll also break down loan tricks for beginners, deal-finding tricks for beginners, inspections, FHA loans, non-occupant co-borrower loans, mortgage insurance, inspection and repairs, tenants and valuing property, and more.
This is a complete guide, a complete step-by-step for buying real estate and investing in real estate as a guide for beginners. Advanced experts might find tricks in this guide as well.
Also, how what's the difference between starting with a multifamily property and a single family deal when starting out? The big thing is valuing the property correctly as single-family real estate and units are valued differently. I'll also teach you how to run a mortgage calculation and understand mortgage insurance as well as how to get rid of it.
The negotiation process, repair process, escrow process, and repair process is also covered so we can cover everything you need to know to buy a house. You can also buy a house with no-money down and no-income, which we'll discuss as well in addition to getting rid of that nasty mortgage insurance (MIP / PMI) that everyone hates. I'll also show you exactly how to find an agent and what kind of deals to look for & dealing with contractors & inspections.
00:00 Getting Started: Noobs vs Pros.
07:22 Loans: Noobs vs Pros.
20:07 Deal Finding: Noobs vs Pros.
31:13 Inspections & Repairs: Noobs vs Pros.
38:00 Renting The Property: Noobs vs Pros.
📝Contact
Courses & Bundle Offers Kevin @MeetKevin.com.
Otherwise, please join Discord and Tag @ MeetKevin https://metkevin.com/discord
Disclaimer
The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use or license only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575. This is not an advertisement of property for sale. Any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only. Trademarked Slogans (NO use without written permission and license): ⛔️Meet Kevin ® ⛔️No-Pressure Agent ® ⛔️Providing More ® California Shield Law provides statutory and constitutional protections to journalists seeking to maintain the confidentiality of an unnamed source or unpublished information obtained during news gathering. IF you submit news or information to Kevin @MeetKevin.com, have faith Kevin will keep your name confidential if you so request - Kevin reports news content heavily on this channel and shall be deemed a journalist/media for the purpose of providing news. Obviously, you could request to be referenced. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor.
✅✅My Product & Service Links✅✅
💎Noob vs Pro Crash Courses: https://meetkevin.com💎
🏦Profit Portal (Course): https://go.meetkevin.com/pp
🟢ACTUAL Financial Advice with Kevin: https://stackhack.com
🚨My Startup: https://househack.com
📰My Daily Newsletter: https://go.joinmeetkevin.com/the-dail...
Favorite 3rd-Party Products (Affiliate / Paid Commissioned Links):
🎥360 Matterport Camera: https://metkevin.com/3d
✝️Life Insurance in as little as 5 Minutes: https://metkevin.com/life
📸https://metkevin.com/webcam
📝Disclaimer:
This video is not personalized financial advice for the viewer. Read the Offering Circular before investing in HouseHack.
⚠️⚠️⚠️ #RealEstate #Buying #Rental ⚠️⚠️⚠️
How to buy a rental property: Here's a complete guide noob-vs-pro style to help you learn exactly how to buy your first rental property whether its a multifamily building or single family house, step-by-step. This video will break down exactly what the mistakes are that noobs and beginners make and I'll explain what pros do well to maximize their income and get the best deals. I'll also break down loan tricks for beginners, deal-finding tricks for beginners, inspections, FHA loans, non-occupant co-borrower loans, mortgage insurance, inspection and repairs, tenants and valuing property, and more.
This is a complete guide, a complete step-by-step for buying real estate and investing in real estate as a guide for beginners. Advanced experts might find tricks in this guide as well.
Also, how what's the difference between starting with a multifamily property and a single family deal when starting out? The big thing is valuing the property correctly as single-family real estate and units are valued differently. I'll also teach you how to run a mortgage calculation and understand mortgage insurance as well as how to get rid of it.
The negotiation process, repair process, escrow process, and repair process is also covered so we can cover everything you need to know to buy a house. You can also buy a house with no-money down and no-income, which we'll discuss as well in addition to getting rid of that nasty mortgage insurance (MIP / PMI) that everyone hates. I'll also show you exactly how to find an agent and what kind of deals to look for & dealing with contractors & inspections.
00:00 Getting Started: Noobs vs Pros.
07:22 Loans: Noobs vs Pros.
20:07 Deal Finding: Noobs vs Pros.
31:13 Inspections & Repairs: Noobs vs Pros.
38:00 Renting The Property: Noobs vs Pros.
📝Contact
Courses & Bundle Offers Kevin @MeetKevin.com.
Otherwise, please join Discord and Tag @ MeetKevin https://metkevin.com/discord
Disclaimer
The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use or license only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575. This is not an advertisement of property for sale. Any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only. Trademarked Slogans (NO use without written permission and license): ⛔️Meet Kevin ® ⛔️No-Pressure Agent ® ⛔️Providing More ® California Shield Law provides statutory and constitutional protections to journalists seeking to maintain the confidentiality of an unnamed source or unpublished information obtained during news gathering. IF you submit news or information to Kevin @MeetKevin.com, have faith Kevin will keep your name confidential if you so request - Kevin reports news content heavily on this channel and shall be deemed a journalist/media for the purpose of providing news. Obviously, you could request to be referenced. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor.
Kevin, if you are so credible, then why are you not disclosing your last name? I think that’s a fair question.
If u re buying a house for yourself buy a fixerupper and FIX It YOURSELF. or hire someone to fix it fir ya. Own individual house or any property on the shore of anything will always sell for more later. See? 40 min video in one sentence.
I purchased a flip with my husband as our first home. I wish we knew what to look for during the inspection. 1 year in, we discovered a leak in the shower pan which damaged the sharing walls and flooring. Laminate flooring was installed with no moisture barrier, allowing the water to travel over the existing tile flooring under the laminate throughout half the home.
$10k mold remediation, $2640 water mitigation, $10k to replace all flooring, $3k to install new drywall, and paint. And we haven't even addressed the bathroom put back, which will cost another $15k.
All in all, we do not regret purchasing this home because it got us out of California to Florida 😀 We knew the market was hot and we needed to move fast. I just wish we better prepared for the inspection to ask for a mold assessment so we can negotiate the price.
Great advice on here for everyone!
mckay sent me
Does this advice work for Canadians buying property in Canada?
I’m confused on how you can pull the equity out, do they run your DTI? Or do they not do that when you refinance?
I miss the good old days of Kevin doing real estate vids
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
I miss 3.2% interest rates 😢
Super informative! Kevin, is there an update in this crazy market? Or, would you say the steps are very similar?
I am watching you now and it is blowing my mind.
Hi Kevin:
Iam a 100% disabled veteran , I also receive 265 dollars a month from social security retirement, so my total income is 3887.00 USD per month…my credit score sucks it is 524…do i have other choices than work on improving my credit score.
So by myself I cannot buy a house…but recently I started making contacts with investors in China who want to invest in the USA and are seeking my help im many fields including real estate…My next step is getting some training in asset and wealth management, maybe get licensed etc…
i also have exerience as real estate telemarketer leads creator for you guys as well as mortgage also insurance sales commodities etc..all in the early 90s….What is your advise?
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
first off, dont buy a house that looks like the one in the thumbnail.
Great video! My first investment was Multifamily and next was self storage and I was off to the races!
I enjoy going back and watching your first videos on RE.
Kevin i appreciate your content so much! Thank you.
Bro your the best I’m subscribing 💯
I don’t know how to make things happen but I am tiered of renting no miss paying rent every month
Kevin your an expert in real estate. Serious question. I have 80k student loans and make roughly 32k at high school not much money at all. I do have North Dakota State Pension and Health. I also currently invest $500.00 dollars into the market a month.
I'm 40. I'm interested In finding a tri plex or 4 plex. Is it possible that I could get a loan from anyone to make that purchases,
New Home Misinformation… 10 Year Warranty???
You are giving Everyone the impression that if someone purchase a New Home that they will get a 10 Year Warranty… NOT TRUE!!! I am New Home Sales Person and have been for Many, Many years.
You get a 10 year warranty on the Foundation and Structure ONLY. 2 years on Electrical and Mechanical.
Only a 1 year warranty on limited items… Normal wear and tear is an owner’s responsibility.
Please be specific and not throw out part truths.
If i was living in any state besides Cali i would have 20 properties by now lol It’s not easy investing in properties in Cali unfortunately
I started building credit when I was 18. Im 28 now. Never had a late payment. I have a 810
Love the video concept credit line you told me a lot about get your credit score up to par I was one of them guys thinking 750-800 that's just credit score have to be up real high and learned a lot thank you we'll be in touch
what happens if i rent all the rooms out
but i want to turn 3 bed 1 baths into 3bds 2 baths
Great video except the heavy Zillow promo: Those agents are not generating great business because of referrals from doing a great job. They can't generate business from referrals so they are paying Zillow to get leads.
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
THIS GUY DRINKS AND DRIVES WHEN HE OWNS A SELF DRIVING TESLA RISKING OTHER PEOPLES LIVES WHILE PUMPING RUG PULLS LIKE FTX, F*ck off meet Kevin you weasel scamming snake.
Thank you ❤
Suit & Tie Kevin from 2 years ago
Using a VA loan stinks these are we have not been approved for a house because of what they feel is not a good home even though it is Rock Solid.
If it does not meet the government's criteria you are not allowed to buy it.
It has to be moving ready no matter what must have a stove a refrigerator and if there's a space for an over the stove microwave it better have a microwave in place.
Found a beautiful brick home but due to the fact it needed to be treated black mold that was in the crawl space VA would not approve it even though we were willing to pay for it.
Excellent video Kevin, love the new format, keep it up. Also loving the real estate investing course.