AVOID this Real Estate SCAM | Worst Flip in America

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AVOID this Real Estate SCAM | Worst Flip in America

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2 ай бұрын

🚨 ✅ 🚨 Kevin's Courses on Wealth w/ Private Livestreams (Real Estate, Stocks, Productivity): meetkevin.com These are educational courses and past performance does not guarantee future results.
Home buyer mistakes
Opendoor scam
📝Disclaimer:
This video is not personalized advice for the viewer.
#meetkevin #trading #money

Пікірлер: 191

@operationatdsnexpedited2682 2 ай бұрын

Next time i decide to buy the house i am hiring MeeetKevin to do my home inspection..

@JessicaTiramisu 2 ай бұрын

Seriously!

@Jeffhuebner 2 ай бұрын

Definitely!

@raze1918 2 ай бұрын

No good idea,it is minimize profit😁

@Jescjr 2 ай бұрын

As a realtor myself , I can tell you he is 100% correct. They are cheap flippers and their houses are trash.

@JP-jf1oc 2 ай бұрын

I feel that this is worst than cheap lol.

@zhangjason10 2 ай бұрын

Please do more of these, this was very educational! Side note, no way you just touched all the shit in the house with your left hand and then you just rubbed your face with the same hand at the end of the video when you facepalmed

@hazemeld 2 ай бұрын

I've never seen anyone hate a company as much as Kevin hates them. Not saying its not for good reason but this seems to be personal as well.

@felixpeel3518 2 ай бұрын

Because he views them as a direct competitor

@jcorrea6515 2 ай бұрын

Maybe cause it’s a company that clearly screws innocent people who don’t know any better until they’re living in It

@CrimsonJR83 2 ай бұрын

The real question is the asking price & intended market. This property would actually be considered mint for some people.

@socalrefrigeration548 2 ай бұрын

First timers who can barely afford/qualify for the mortgage and have no idea what is bad.

@EddiePoe 2 ай бұрын

Shorting Opendoor to $0 on Monday morning

@justSTUMBLEDupon 2 ай бұрын

lol only if the charts say it’s a good idea

@chap00p0070 2 ай бұрын

Can confirm open door sucks, bought my first house from them. It looked decent until I started noticing all the bad workmanship. They sell the houses as is, so you can really negotiate the prices down for the terrible work they do

@dallasfromthefuture 2 ай бұрын

I’ve been trying to think why I like these style of videos and I think I figured it out, take us on field trips. Kinda like how the old James Bond movies were great, took the viewers around the world

@AlanLevy102 2 ай бұрын

Do you have a video of this property before Opendoor bought it? If not, how do you know what Opendoor did vs. what was there when they bought it? What were they listing this house for in relation to other houses in the area? Not trying to excuse poor work, but if they just listed without doing work on the house, and are selling at a lower price than other similar houses (in nicer shape), I see no issue with what you showed in this video.

@jstar1000 2 ай бұрын

Home inspector here, I have inspected quite a few Open door flips in the DFW area. Not saying they do a great job but to me they do an OK job. They seem to do the basic stuff and some houses they seem to do more work on then others but for the most part none of the ones I inspected I would say they did a crappy job on. I think it all depends on what they got in it and what the market will bare is how much they spend on it, kind of like all flippers. I will say none of them were like this house though. Like most large builders each house is only as good as the contractors they hired to do the job on that specific house.

@jake_of_the_jungle9840 2 ай бұрын

That door has been kicked in before by the looks of it

@Horatio1886build 2 ай бұрын

I've worked for some of these " production line volume"flippers before as a bidding contractor. Never again only did it to keep busy during a rare slow period. People are so desperate to get in a house they think they will just deal with it later. Also do some of my own houses. You get what u pay for- usually.

@Orange949 2 ай бұрын

This is a green light to buy Opendoor. Thanks Kevin.

@gman8341 2 ай бұрын

“Gets ya wet and excited” lol

@slowiedovie 2 ай бұрын

Meh, not critical, depending on how good is the price and location you can redo the bad work they did. As long as the structure of house is good and without any flaws, these cosmetic defects are easy to solve. Why the rage? This may hurt house hack. Just keep it cool

@chrisranck5340 2 ай бұрын

Kevin channeling every 45-65yr old dad looking at a house

@dawson0610 2 ай бұрын

To get mildue in Colorado you really need to try hard to get that.

@bach858 2 ай бұрын

Wait? Haven’t he promoted them heavily for a few years? What happened? Is it really a surprise now or did something happen between OpenDoor and MK?

@rob4263 2 ай бұрын

So the house is terrible i get it. What is the assessed value (im assuming there wasnt a full or even partial inspection/appraisal done)? And, what is the property listed for? Might have missed this information in your vid?

@charlesd9949 2 ай бұрын

Wow, that door was kicked in a few times, I bet if you checked outside on the ground by the windows you would find glass shards.

@alwaysrighton 2 ай бұрын

Opened Doors 😄

@jeremyczerwinski4897 2 ай бұрын

The wiggle test. Duely noted. Walk around and wiggle everything.

@MeetKevin 2 ай бұрын

NEVER SKIP THE WIGGLE TEST

@360Life 2 ай бұрын

That's some high quality work. Wow.

@ellisd4529 2 ай бұрын

I replace exterior trim in Colorado. At least 1000 houses a year. And the construction in Colorado is pretty janky. Who pours concrete right against siding. Post are usually free floating.

@restandrelaxation4039 2 ай бұрын

I love the subtle jet flex lol

@toddnobles2611 2 ай бұрын

Please do more of these. Love the in the field real estate vids!

@wasatchwizard4770 2 ай бұрын

I looked at an open door house once. It was the exact same experience: back door didn’t lock, leaks, crappy paint, bad fixes, crap not fixed, mildew, felt the need to bathe after.

@aaa5442 2 ай бұрын

That’s some good margin on those renovations. Buying open door Monday first thing!!!😂

@MeetKevin 2 ай бұрын

Bahahhaa touche

@ErickaWilliamsCC 2 ай бұрын

this is hilarious.. You can do more of these kevin. LMAO

@robertmulder5165 2 ай бұрын

Woods not suppose to do that ……

@FF60MpD 2 ай бұрын

I disagree I love open door. I bough a house from them and paid a 25% off market value only needed a 10% of that amount in renovation and mid grade materials. And now 1 year later is sitting on a 10% additional equity for. When I bough it so 25% equity in 1 year

@MeetKevin 2 ай бұрын

Wow, OpenDoor staff are fast at replying!

@Horatio1886build 2 ай бұрын

Your equity was in your DIY labor most likely and " mid grade materials" in business we value things at market cost for a contractor to do the repairs and factor in the risk that the market may not go up for ever. Being underwater on a mortgage sucks as millions found out the hardway 2008- . I'm a specialty contractor and inspector for 30 years. Watch your FOMO emotion people. That house was appalling.

@Spacepuft 2 ай бұрын

I’m a realtor with a similar opinion. I feel seen. Thank you 😂😂😂

@chookchack 2 ай бұрын

They probably lowballed the previous owner due to all the work to be done then just basically put bandaid on them. Profits profits profits.

@rezatashakori9906 2 ай бұрын

Can you show us your flips and see how your subs are performing? I’m a builder so trying to see the quality

@archie3800 2 ай бұрын

Sad thing is that someone is going to buy that house over ask

@Love4puppies 2 ай бұрын

Missed these types of videos! Opendoor homes vary a lot by area and some are worse than others, especially those that have sat for a long time.

@talesfromthecrypto985 2 ай бұрын

Loved this vid. 🤣 The crap we put up with as buyers. I love this style of vid Kevin. Keep them coming. Time for scammers to be called out!

@Niko-1004 2 ай бұрын

Yea but they won't get top dollar for it.. and that's ok.. they will still make the same profit someone who spent double and sold for more..

@sirenmuscle 2 ай бұрын

That was helpful. What a crappy flip. They should be held accountable.

@Horatio1886build 2 ай бұрын

The government policy for years ( low rates) has now essentially locked up 50-60 percent of the housing market for years- basically it is as if the goberment stamped half of the inventory with a prohibition of sale. So now we are stuck for the remaining duration of all these low interest rate 15-30 mortgages. Now they/we are trapped.

@fatkitchen17 2 ай бұрын

Love these types of videos

@camsac 2 ай бұрын

Off topic, but im glad to see his videos dont have all those scammy fake advisor comment chains. He clearly cares about his viewers than most, and goes through the extra step to remove all those.

@davidfairchild1640 2 ай бұрын

I sold my house to Open Door at the end of 2022. I tried to find a local flipper first, bit OD beat them all by at least $40k. They resold the house about 3 weeks later for about $35k more than they paid me with minimal work in between.

@Ultrajamz 2 ай бұрын

Well its OK if they sell it at a big discount I guess… but I assume they don’t.

@OriginaldoBo 2 ай бұрын

Kevin wrecking Open Door 🚪 I’m here for it

@brendansmith7842 2 ай бұрын

With that quality, it only makes it worse. I'd rather just buy in the original condition and assess myself!

@lifeisfuneh 2 ай бұрын

Kevin remembered how he got roasted for his poor renovation skills by actual contractor from Texas, and trying to do the same to someone else ... Comical

@0088Marcel 2 ай бұрын

Kev u need D8 CAT dozzer to fix this house XD

@grahamstefaan 2 ай бұрын

Good to see real estate noob vs pro.

@deweyp2376 2 ай бұрын

Wow! I reminds me of my first house, it was a repo and I got it on the cheap because it was worse than this place. for a company to sell a house like this shape, the company should be out of the business.

@devlij 2 ай бұрын

Spare us the dramatics…by the way that outside column is not load bearing

@Redban1 2 ай бұрын

Can you do more of these Kevin? This was a great video and I’m glad I was able to learn a lot from it.

@Horatio1886build 2 ай бұрын

This house will need complete restoration and and the young couple that buys it in FOMO will not realize that even with this continuing insane appreciation they are actually underwater because a quality restore on that house could be 100k++. And a homespector would run out of room on his app. Nuts.

@cesarhdz4846 2 ай бұрын

Flip Houses in my town are glued and staple 🤫 and people are not buying them they rather take their risk with new construction

@devon6336 2 ай бұрын

Kevin you should do a series where you run through peoples' homes they live in and compliment/criticize, give suggestions lol.

@Omar_Gonz 2 ай бұрын

This the type of educational videos I need more of

@jgg204 2 ай бұрын

So many code violations. Stick it to Open Door and call the township. Township will force Open Door to pull the listing, there is no way this got a U&O cert. No Friggin way

@GazP007 2 ай бұрын

Embarrassing 😳

@Mythoughts4you 2 ай бұрын

@meetkevin would this house even pass inspection? if not then whats the point of their " so called repairs?"

@SuMMeRFLi5 2 ай бұрын

Love the real estate videos Kevin! Seeing this made me realize how much junk I need to fix in my own house. EEk.

@DAnielIvey1 2 ай бұрын

Discount house tips. 57% off today

@herbuen 2 ай бұрын

Wondering how much for a house like this to be paid? Thanks for anyone with the insides so first time home buyers like us don't get scam... 🤙🇺🇸

@grendal102 2 ай бұрын

Thank you for this video. It was very informative. There are Opendoor properties in my area so I now know to stay away from them.

@realestateeric 2 ай бұрын

I'm getting 2007-2008 vibes from this video. Cheap flips and an overheated and overpriced market.

@DELTA704 2 ай бұрын

So they they painted over rotted wood on that post then put it on top a broken brick for stabilization

@johannarodriguez2609 2 ай бұрын

This video is great!!! I learned a lot. Thank you Kevin

@JessFraleyNovosel 2 ай бұрын

Realtor in Ohio here! Super curious if you got permission from the seller to record/take photos beforehand? We aren't allowed to do so without prior auth. Although I agree with your opinions on Open Door, I'm pretty sure they wouldn't be ok with you touring the property and tearing them apart.

@MeetKevin 2 ай бұрын

I'm a buyer and toured as a buyer. I also registered as a buyer on their app. I'm not licensed in CO and am not a member of the Realtor association in CO. Found the house because I was touring open houses. This was an unhosted open house that I realized I just needed to signup as a buyer on their app to unlock, which was actually quite convenient. Buyers can film whatever they want.

@JessFraleyNovosel 2 ай бұрын

@MeetKevin perfect! I love ya Kev, and didn't want you to get in trouble ♥️

@MeetKevin 2 ай бұрын

Thank you for looking out!

@wildernesscapes 2 ай бұрын

this is wild! shorting OD Monday!

@SteakFromJakeFarm777 2 ай бұрын

OpenDoor is one of your boi ‘sensitive’ Chamath’s scammy SPACs. great video btw!

@XanderTango 2 ай бұрын

This is how every flip is done in Austin…😂

@pedrocm2523 2 ай бұрын

In a hidden wall, there is a body

@dustinhart0 2 ай бұрын

Kevin. In regard to the moths. Maybe give the house a pass on that one. Denver is in moth migration season. Every house has moths right now. Especially if it is not occupied. The rest of the house was shit though

@winaton 2 ай бұрын

Great video, even better than those, which are actually cool, about the stock market.

@nevrbdwnruby7484 2 ай бұрын

Arent we getting rid of the realtors cut in June or July?

@danpinsonsax 2 ай бұрын

I’m a broker in Phoenix. Maybe 80% of the flips I see look like this. Complete trash.

@stephenrmmaher5047 2 ай бұрын

If you ever want to do business here in New Orleans, you let me know!

@DELTA704 2 ай бұрын

Kevin Id love 10 more videos like this. Going through post renovations and pointing out cheap work. Legitimately learned so much during this video

@evilrules345 2 ай бұрын

Missed videos like this. This was so funny but also informative

@Miguelperry411 2 ай бұрын

How much were they asking for that house?

@kinghazythethird 2 ай бұрын

lol How common is it to find people in the basement squatting? Thanks for the info Kevin!

@JessicaTiramisu 2 ай бұрын

9:47 is crazy...just, wow.

@lumierelartiste2871 2 ай бұрын

💕thanks for the education ✨✨👍🏼you are the best✌🏼💫

@jgg204 2 ай бұрын

the bi-fold is missing the track wheel LOL

@Mythoughts4you 2 ай бұрын

"probably a body in there" - meetkevin (opendoor runs to removes body)

@Mr_Brown876 2 ай бұрын

Hahahaha i cant stop laughing. this guy is a comedian

@anthonynava9916 2 ай бұрын

And they paid the contractors? Did they even check if they contractors were finished

@Robgeee 2 ай бұрын

Idk who worked on that house but I just know it wasn’t Mexicans 😂! Mexicans get the job done good bc they’re prideful about their work & plus they don’t even charge expensively.

@trainerjoe9469 2 ай бұрын

I really miss this Kevin. The Kevin I subscribed to that showed me how to make my home a better home, and how to purchase additional homes and fix them up to improve my personal finances. I feel like I don't see that Kevin much anymore.