20 Steps: 0 to RICH in Real Estate

[@MeetKevin]

This bank loan hack will show you exactly how you can take advantage of "home-owner occupied loans," which just means you "intend to live in the property" for at least 1 year, to hack your way to real estate wealth.

[@mrguaranteed]

Meet Kevin hey Kevin so with a 3-5% downpayment being good, are va loans good to use for properties in the wedge?

[@xCCflierx]

thank kevin

[@simp11]

Kevin, can you do a video about what it means to make rental-grade repairs and touch-ups?

[@jorgeberruete4537]

Meet Kevin my neighbor did this she bought the house and renovated everything I think she spent around 100,000 on renovation and rented out like 3 rooms for 3 families and she lived for 2 years and then left I only see her when she picks up the money I guess but now it makes sense why she left and rented it out I feel like doing this idea seems good especially not selling the property and since I’m 20 years old I should take action before I get married and have kids thanks Kevin for the advice 👍🏻😁

[@marcelrodriguez2067]

Ok how do i find a good realtor though...

[@5iveroses7]

I’m 16 and I watch these types of videos every single day and when I go with my dads friends wich he flips house And I’m learning a lot

[@neonglockz505]

Fuck u

[@johnnyboyProductionz]

Neon GlocKz LMFAO wtf😂

[@choff01]

Good job kid

[@ZenCyde]

im 15, ive been a active trader for some time now and am trying to qualify for trader tax status, and now im expanding to real estate as well

[@Sergiop1736]

@@ZenCyde nice dude 👍 I’m looking for a job so that I can start investing in real estate and the stock market 📈

[@jonathanansleymusic4992]

Just bought my first property at 23! Thanks, Kevin!

[@MeetKevin]

Grats!

[@igorman03]

How is everything going? I plan on starting to buy next year.

[@jonathanansleymusic4992]

@@igorman03 I don’t regret it at all! I’m renting out two of my rooms to some friends so I’m living in it for $0 a month. If you can figure out a set up like that I would say definitely go for it!

[@igorman03]

@@jonathanansleymusic4992 awesome thanks for the advice!

[@rufus5208]

@@jonathanansleymusic4992 doing the exact same thing. Great job man. Feels good living rent free huh? 😎😂🔥

[@Chairman5837]

Kevin this is fouryears later man! Energy Energy in this video. The humor, boldness, facts man! I liked I subscribed Imgonna search you on SM, yr community....this from a 52year old mom& wife all the way from Namibia. Have been in Construction homes since 1998 with intervals. Got licensed as Real Estate 2011. Lost it all, rebuilding again. This Vid, just got me hooked. Right time right place....

[@itzbebop]

Ikea couch......$350 Jennifer Convertible couch ........$3500 Ok im going to ikea

[@zoramathews]

I only understood about 25% of what you were saying but I keep watching because when I first found this channel I only understood 1% lol learning

[@breblizz4321]

Lmao same

[@1960markN]

Just keep watching over and over. Also, watch other channels too, to get different viewpoints.

[@GudInformation]

I remember once when i was 16, I was at my girlfriend's house and thinking they had the cheapest old rickety furniture... I couldn't understand why they would have older crappier stuff than my middle class family. But then as an adult I look back on it and remember they had a marble and gold elevator. That mansion they lived in is currently worth 30m And that old looking furniture, I later learned it was 17th or 18th century furniture from some castle and were priceless relics from way before our time. Wish I knew then, what i know now...

[@ΤΗΞΙηΣΑζΤΞΚδ]

Was she your sugar momma?

[@familyaccount2467]

what could you have done had you known that back then?? Steal them?? LMOA

[@mr5timewcwchamp]

@@familyaccount2467 nope, just marry her and secure the bag🤣

[@jonathonburnett7292]

3:01 swear to god you are the Scotty Kilmer of real estate in this scene 😂

[@jonnytheman2321]

Rev up your passive income!

[@Dulqusley]

Kevin you the best. Everything is said is spot on, like “start small and don’t buy something you gonna live in for ever”...in other words be flexible. Thanks

[@mrsanteeclause]

Just sold my rental and my main house early this spring. Feels like I hit the jackpot as far as timing. Ready to start looking for my next rental and want to get to 10 rentals in 7 years!!! #illkeepyouupdated

[@MeetKevin]

Heck yeah that's awesome!! Do it!!

[@worksbyshoaib7145]

Best of luck buddy!!! Thanks to Kev as well for this goldmine of information

[@FromQnz2King]

How do you change your strategy when the economy goes down/up? Thanks.

[@kaythia-s9h]

How's progress? I'm curious!

[@guzman9011]

I used to say never sell too. But I just sold one of my properties for 360k and I paid 140k four years ago. It was cash flowing great but I couldn’t help wanting the lump sum. Now I can start my next phase which is buying houses cash and flipping them. Fingers crossed 🤞🏼

[@mycelia_ow]

Flipping houses means youll pay most of your earnings in tax. Buy more rentals instead.

[@smileychess]

What if you're 30, and starting with a negative $17k net worth? lol

[@MeetKevin]

dude you have so much time you'll be fine

[@jacoblloyd2573]

I feel like the best part of my life will be over once I hit thirty.

[@WINT3R_94]

@@jacoblloyd2573 That only applies to women. As a man you only start to enter your prime at age 30.

[@waterheaterservices]

Sixty, and I will start anyway.

[@roberterisman766]

@meet Kevin please explain

[@ashmcmillan2691]

I brought a house with 5% down 2 years ago, redid the kitchen and bathroom and just got a valuation that has given an equity value of 25%

[@MeetKevin]

Nice!!!

[@kiarash984]

Kevin, you’re amazing man. No one wants to teach people this stuff. They all just want you to get stuck in their trap and drain the money out of people. God bless you

[@badgerwoodworking7865]

A couple of minutes on Craigslist and 15 minutes on the phone will get you comfortable furniture for 1/10 the price. Can’t agree more with being prudent with the budget. Buying a used $350 sectional instead of a new one for 2.5-4K... I’m going to need a new water heater soon and a $4K sofa is FOUR water heaters!

[@badgerwoodworking7865]

BTW I’m at step 14!

[@MeetKevin]

such great perspective relating the cost of your furniture to the cost of improvements! Couldn't agree more!!

[@Angrycapitalist]

I'm liking Home Auctions and estate sales, with an estate sale if you shoot a bulk offer you can get a great bundle deal.

[@wilhallman2890]

Make sure you treat the furniture first, getting bedbugs could cost you much more...

[@r1international899]

wil hallman This is what I’m saying. People are talking about buying used furniture. LoO

[@shaunjones7344]

I’m 19, once my car is paid off I am getting my real estate license. I am at a good job that has great potential but it isn’t enough for me. I plan on buying 25 homes by the time I am 30. Your videos have been a huge help. Thank you!

[@Spysparda]

Kevin Bamboozled me again I took a hacking course before this video thinking I was ganna learn to hack banks. Close enough thanks Kevin!

[@MeetKevin]

I’ve mastered it! 🤣

[@daveyrowe5255]

Fellow investor, age 27, I have 8 units. Love your videos, keep doing what you're doing.

[@sl4983]

I am a tenant currently, and I COMPLETELY AGREE with what you're saying about tenant grade!!! Tenants are not interested in fancy schmancy, cause it just makes the rent higher. Also, fancy schmancy white carpets, PLEASE no. There are new types of brown carpet that look really nice! My last landlord actually let me choose the color of carpet I wanted, that was so cool. It was a medium-dark brown, and it was Perfect and liveable!

[@onyx9857]

I love this video. I’ve watched it so many times. Im about to rent out my first property after living in it for 2 years. I refinanced while the interest rates were low and lowered my mortgage payment by $400 per month. Im about to rent it out with a $400 cash flow.

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:

[@Eclipse3948]

I was 22 when I got my first rental back in April of 2018. 25 now and 26 this November.

[@joeymcgowan4664]

This is gold, Kevin! Love hearing about these strategies.. Keep em coming. Thanks bud.

[@MeetKevin]

Anytime Joey

[@MMAJOEY69]

Tremendous value in this video! Thankful for you, Kevin

[@MeetKevin]

Thanks Tony!!

[@NathanSchwartz01]

Kevin, I love watching your KZbin videos! I have learned so much in just 3 weeks time. In about 3 months I will be purchasing my first home to invest in. I see in your videos you talk about buying your first home and renting it out for a profit. I think this is great. The only problem that I run into in my head is if I 1. Own the house. 2. Fix it up 3. Rent it out. Where do I go in the time it takes to actually get someone in there. After I put basically all the money I have into fixing up this wedge deal in not going to have enough left to have an apt ext. Im also a person with quite a bit of stuff and I feel like showings would be better if it was empty. Now I could be wrong and I could be missing something. Id love to hear back from you with some great tips. Thanks!

[@robg7896]

When times got tough, I sold 2 rentals and it helped us endure the yrs. I completely regret having done that! Wish I'd had you in my ear years ago. Thanks for the info and encouragement to continue on this path...

[@jordanking7550]

I'm trying to replicate this in Canada, and the banks use the 39% equation for my DGR to become qualified for a first mortgage and we are only able to use a projected rents of 50% for second investment mortgages. It's tough up here in the igloos.

[@GReenMoNey88]

Hey Kevin, I like how to put an emphasis on holding for the long term. That is the way the majority of people will build wealth. In the beginning, you will only cash flow $200 a month. Big woop right. If that's what you want, drive Uber. However, over time that cash flow increases and you build equity. Single-family is more of a piggy bank. "Time in the market" is where you will make your money.

[@GReenMoNey88]

One thing to add is the cost of managing the property and the time it takes. If your thinking ROI (as in time vs money earned) you won't be getting ahead until you scale.

[@hashimhalstead]

You told me to subscribe so many times in the video that I felt morally obligated to do so by the end, lol!

[@javierzambrano3030]

I just want to say thanks for such value information, I follow you and this is the best compilation I’ve seen! Really appreciate what you do. I am doing steps to start with real estate investments ASAP

[@monkeyloven]

Hi Meet Kevin, so if you pay 10% down and you fix it up and it's worth 10% more, how do you get rid of the PMI? Just ask the bank, refi, get appraisal?? I'm confused about this part.

[@VladArnoldner]

Thank you, Kevin. I can't stop watching your videos! :)

[@Sakaloz.bl.loz.]

Your Videos are entertaining as much as they’re informative man, I don’t know how you do that. Keep it up 👌

[@jameylynch2709]

Kevin I love watching your videos .I think your giving legitimate information and actually want to help people succeed. In my current situation I’m in the military and I will be getting out within a year . I was wondering if you could do a video for military benefits on real estate and how it could help people like me to have a advantage in the market . I appreciate all that you do , thanks Kevin 👌🏼

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:.

[@InvestingHustler]

Great advice Kevin 🙏

[@natem2367]

Congrats on going up to 47k followers. Moving on up.

[@MeetKevin]

Thanks Nate!!

[@troymason4799]

7:00 I just let a duplex go because of the FHA MIP. The reason i let it go was because my roi was low. Maybe i have to look more into this decision and see if i should not do that again in the future

[@advancedgermanauto7057]

Man this is great advice! This is exactly how to start with nothing into creating “passive income” and investing in Real Estate.

[@danielvasquez5817]

Hey Kevin, I recently graduated college and finally have the time and money to start investing in Real Estate. My first step is becoming a real estate agent, getting a 200k FHA loan, and learning what a good deal is. I signed up for your class today and hope to become one of your first success testimonials!!

[@MeetKevin]

Thanks so much!! Excited to have you!!

[@Potatoroomr]

2021 March 10th we still here for all of this Kevin!!! Thank you man!

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:

[@r3volution685]

Hey Kevin, Another great video! Thanks for sharing all of your knowledge. Do you have any videos on investing vs debt pay down? Trying to make sense of whether it makes more sense to pay debt before buying rental properties! Any tips you could share or videos you’ve done would help. Side note - Mad props to all the content you made this far! Keep up the good work! Best, Jordan

[@kfstreich4787]

Furniture. Craigslist free stuff. Its amazing what people throw away, especially in wealthy areas! I've never purchased a couch in my life.

[@JMDirect]

Great info Kevin! Looking to get started this year 🙌🏽🙌🏽

[@MeetKevin]

nice!!

[@gtcam723]

So, I’m going to be starting this at about 44 with a 4bd/2ba mfr home. I’d argue that furniture isn’t even an asset unless it’s an antique. It’s just a liability. And by studio, I’m guessing you mean a condo?

[@joanyraquel]

Kevin! You are awesome. Thanks for the inspiration. I started watching you in August and already bought my first investment property in September... I still don't know what I am doing but hopefully I will learn soon. Closing in October!!!!

[@jason_v12345]

I'm confused about your opinion on FHA. If you qualify for it (because you've never used it) but you don't need it (because you have enough saved), do you recommend still using it? Or should you always put down as much as you can afford?

[@ChaceBonanno]

Buy in the wedge. Renovate. Move and rent out. Rinse and repeat. I love this business model. Would love to invest a company doing this because I don't much interest in doing it myself.

[@MeetKevin]

So true -- thanks Chace!

[@Falanu]

Maybe REITs (Real Estate Investment Trusts) they pay their shareholders a piece of the profits from the rents in their large real estate portfolios.

[@midnightwrit3ers]

Incredible stuff Kevin. It would be incredible to have a conversation with you because I could see it going a million different ways and learning a lot. Appreciate you making it simple

[@shielduniversity419]

What about buying a multi family and living in one of the units. Also does upgrading HVAC make the value go up on the house ?

[@SGVFOOTBALL]

Kevin now hard would it be to convince an underwriter if I close on my first property. Duplex 1st unit 3 bed 1 bath, 2nd unit 2 bed 1 bath. Then 2 years later I refi to cancel out my pmi/ fha loan to a conventional loan. Then use another FHA loan to buy a larger duplex?

[@farhad71414]

Question about number 14! Do you mean using the money saved up from the rents of the first property to get the second property or going to the bank and show the income of rent to get a mortgage for the second property ?

[@shielduniversity419]

Also do banks give 3-5% loans on a light commercial building that your not going to live in ?

[@redyfernandez1259]

its pretty easy to buy homes only if you have good credit and a good down payment and extra cash on the side if stuff turns side ways

[@giffy7962]

When I leave active duty at the end of this year i'm going to be using my VA loan benefits to do this exact thing. Move from one house to the next as often as I possibly can.

[@MeetKevin]

Nice!! Totally!

[@eelaws]

You can also get rid of PMI if the LTV is 80% without a refi. You can do a Broker's Opinion for about 100 or so bucks.

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:

[@BangkokBound]

Great video Kevin. I learned so much.

[@ericj6648]

So pumped for your live clip every Saturday!! Btw do u get any stain on white leather seats?

[@MeetKevin]

Thanks! And yes! Bluejeans discolor the white seats

[@pinkorganichorse]

Why flat paint wall? Hard to clean.

[@stevenanderson3386]

What do you think about wholesale realestate? Pulling preforeclosure and tax auction records and door knocking or cold calling those ppl then trying to assign there property and resign it for a fee?

[@AzNwacko]

Kevin is so right, but just make sure you know you’re market really really well. But think long term and not short term. I am buying in a few months after my real estate test to save on commission

[@MeetKevin]

nice!! good luck out there!

[@AzNwacko]

KEVIN!! quick question, you talked about conventional loans but those loans include variable interest rates??

[@jefflombardi7763]

If you buy a house without an agent you can get another 3% off the price. No agent on both ends is the way to go. Saves 6%.

[@HappyCleanersWA]

The seller pays the agent , not the buyer , so don’t matter , you’re better off with an agent

[@kadie1414]

Can you do a video on how to shop or find the best investment loan mortgage rates? Like are online mortgage brokers trustworthy?

[@MepsiPax]

Can you give a cost estimate for each level? like first studio 100k next studio 150k, 1 bedroom 200k etc ?

[@zam210]

It all depends on your market.

[@MrKblanchard]

Kevin, what colors were you saying? I'm about to repaint my house and rent it out! Thanks!

[@elijahbmet]

This video hit me different. My man making so much sense for us young one's.

[@brandiniadventures]

You rock man!! Great job👍🏽

[@MeetKevin]

Thanks so much Brandon!!

[@16161645]

Unbelievable,,,, I learn more from listening to KEVIN in 20mins, then I do from some really well recommended real estate books??????crazy

[@LifestyleRealEstate]

Love your videos as always. I've got a few AirBnB properties and have discovered the art of the cash out refi. Scaling is getting faster every day. My first flip was $47k, now I'm buying $300k properties on a regular basis.

[@kkevincerdaa]

Always so informative. Great video.

[@kkevincerdaa]

Any book recommendations while we wait for your course?

[@MeetKevin]

Good to Great -- Amazing book for business!

[@magarethecharles1085]

I really enjoyed the wealth of information and animation.

[@MeetKevin]

ty for the support!

[@Jen_P]

This information is so gold!!! Love this channel 👍👍☺️ can you include your kids in next videos?! 👶👦

[@MeetKevin]

Totally Xuan!!

[@janethernandez5938]

I’ve been loving your videos! I just learned a lot!

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.

[@1thank2you3]

Hey Kevin, I hear you when you say start small, but does condo counts? or should I skip condo/apartment and try for house from the get go? I live in LA and it's really hard to start "small".

[@alim4401]

Thanks for the video, Kevin!

[@jimdiez4036]

Awesome video man, what if i want to live in my home still and buy another investment property, they require at least 20% down is there another way around this?

[@jladellm23]

Always appreciate the free game. Wish you lived and worked in LA!!!!!!

[@MeetKevin]

Thanks Joshua!!

[@ZRWooten]

Can you make a video further explaining what you were talking about with the 27yrs of depreciation?

[@MeetKevin]

Sure thing

[@nazzy4414]

In the eyes of the IRS, real estate depreciates on paper. (In the real world it appreciates). Knowing this, you are allowed to deduct the depreciation expense of your home up to 27.5 years. Year by year. Not all at once.

[@elisabethl1320]

This is what I don't understand. What happens when you just start and you have tenants that don't want to pay rent house (example. 2nd tenant have not been paying. Court Judge let them stay for another 3 months)? Don't you go into debt becuz you have to pay off the mortgage yourself?

[@SayMyName383]

Hahaha! The voice is coool. I'm lovin' it! 0:51 This is cool.

[@ricoturk757]

I’m actually 20 no kids and about to invest in real estate. Was going to get my real estate license but figured I wanted to do majority of rental properties. Wish me luck

[@mixmatch331]

Kevin, what would you do this summer if you owned a 1 bd/1bth condo that carries a $340 Condo fee? Mortgage @ 3.75% Hold or Sell?

[@kendrickdelosreyes5381]

Okay this may be a dumb question but do you have to give prior notice to your tenants that you are going to raise their rent before you actually do so? Also I just passed my real estate exam and get my license soon, so Kevin please please pleeeeease be my mentor!!!

[@wavyboyo]

kevin how do you get a starter job? I can't even get a job at McDonald's, every time I get called in for an interview, they say I have the job then either cancel the position on me or say I'm not qualified. I tried restaurants most of them are fully staffed or on the verge of going out of business. I want to make moves but i'm stuck

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:.

[@macknumber9]

I'm 38 soon to be 39....wish I knew this when I was 20. I guess this rule still applies to me however with children and by age 60...

[@JohnPaul-uf2zl]

Thanks Again Kevin 😎🤘

[@MeetKevin]

Always!

[@ashakuldip1657]

Hi Kevin, should I buy a first property with an HOA fee?

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:

[@myfavoriteplanet3247]

If you add saving $200. per month per unit for fix up cost, plus mortgage, property insurane, property taxes, property management. What do you consider a decent ROI per month per unit?

[@myfavoriteplanet3247]

Snow Bird. Where I live you can evict someone in ten days. Vacancy costs do add up.

[@YPMCompanyCommercial]

Love your energy.

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.

[@terrencebilodeau]

I like your outlook and advice--very similar to what I've been doing and what I advise others to do. At 9 properties right now also looking to get to 20 :D. My first house was a cheap little 105k house. I love small houses, not to be confused with tiny houses lol.

[@miamoore8954]

Do you know anything about section 184 loan? ( tribal loan )

[@truthteller3288]

New subscriber. Kevin your channel and the information is awesome, I've learned so much from you in the last 2 weeks. I have a question. When buying real estate is it best to buy with FHA or Conventional loans ? The reason I ask is because when I bought my 3rd home I didn't qualify for a higher loan with FHA because of my rental I bought back in 2018 that I made into a rental in 2020 I couldn't use the income from the rental and therefore had to buy with conventional and a bigger down payment. Is there a way around this when investing in real estate any pointers.

[@TyronneRatcliff]

Solid advice Kevin. After this video I might invest in a few doors myself. Have a good one!

[@meetkevin421]

K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p: I have something for you.

[@subaas_baig8756]

I like the idea of first buying a studio apartment and putting it on rent and then building up from there. =) But most studio apartments are co-ops in New York, is this fine???

[@Iceman514231]

Is there a way to not pay taxes on cash flow?

[@jezreelpaulfrancisco4012]

My man , you are back! I am glad you stopped the NEGATIVITY. It's a trap I know.

[@MeetKevin]

Thanks Jezreel!

[@user-oj2is7eu5h]

Great videos, I really like your style. Keep it up. Also don't elbow the steering wheel when in autopilot. Not sure what would happen, but be safe :)

[@MeetKevin]

Haha ty!

[@blade15x]

LOVE THE ATTITUDE MAN... KEEP IT UP

[@stevenbury3980]

How do I get a mortgage with 3-5% down in the UK?

[@mikepapadopoulos5968]

Omg...You are full of energy...

[@ron431door]

Top notch video Kevin !

[@MeetKevin]

Thank you!!