How this $0 House Made me $100,000 in 1 Month

[@syguzman5739]

20:33 The Chicago "I'm Over It Tour" was incredible! People traveled from out of state (Michigan, Indiana, Missouri, Wisconsin) to attend the class! Well worth the price! Today is Tuesday, and the Chicago attendees are STILL TALKING about how much they learned in a short span of time! EVERYONE MUST ATTEND!!! TIP 1: Folks, you only get one (1) hour for lunch. Pack your lunch for the event, something that does not require refrigeration, such as fruit, granola bars, peanut butter sandwiches, etc. Eat a full breakfast before the class because you will need your energy. TIP 2: If you want ideas on what to wear, Google "comfortable business casual attire for men/women." You probably already have a few good pieces in your closet. If you prefer watching videos, gentlemen watch the KZbin channel "Real Men Real Style" for excellent style advice. Ladies, watch KZbin channel "Christie Ressel" for inspiration on how to dress best for your body shape. Friends, you will look great, feel amazing, have confidence, and stand out! ❤ ❤ ❤

[@meetlauren7768]

Sy Guzman we are so glad you came and enjoyed the event! It was great meeting you in person 😊

[@syguzman5739]

@@meetlauren7768 ❤ Great meeting you, too! You're absolutely lovely! ❤ I mailed you a treat! The post office said you should have it by Friday ⭐

[@meetlauren7768]

Sy Guzman you are so nice to us! We will be on the look out. Thanks so much ❤️

[@Lady_Danbury]

Love your channel! You are freaking awesome! Thanks for all the advice on avoiding newbie mistakes. 😀

[@robspencer5829]

Yes, Chicago was awesome. I came from Port Huron, Michigan, and it was worth the trip. Kevin is intelligent, articulate, and entertaining. I booked an Airbnb which was only a bedroom. I didn’t consider having to share a bathroom with other guests. When all was said and done, my scheduled Lyft was going to be there very soon, so I threw on my shorts and a polo instead of the dressier clothes I had picked out. In my pic with Kevin, I look like a slob next to him in his suit. lol

[@AFCFWA]

People do not understand how valuable this information is. It would have taken months of learning and investigating to find this much knowledge in 2006.

[@jimmyt5241]

Not having to pay taxes alone is a huge boost, 1031 tax exchange this is huge growth even owning a business investing in yourself is so powerful if done correctly! Thanks for sharing the numbers !

[@ChrisInvests]

You and Graham are turning $0 into a whole bunch of money 😀👍

[@MeetKevin]

Funny how that works

[@aliabdi8427]

@@MeetKevin Hey Kevin I live in the UK otherwise I would have bought your course who would you recommend from the UK to learn from. I see videos of a person call Samuel Leeds but I heard his course is £10-£12K which is crazy mind you im 22 and earn about 17k. I really want to get into investing in houses and renting it out but I don't want to pay an arm and a leg for it and not to work and i get taken advantage of. Also I'm paranoid he will only take my money and not help me get results. I would love to hear back from you and hear your advice thanks.

[@cherrytung]

$0 properties FTW!!

[@abzakasha]

lets check that

[@CryptoTUSO]

@@aliabdi8427 use Biggerpockets forum to learn, and read any book you can find.

[@Velyes90]

“Boob light” is in fact the technical term

[@MeetKevin]

lol

[@wafftho]

Ronald Morris in miami we call them nipple lights lol 😂

[@waltermh111]

Thanks for putting in a nice faucet. I cant stand those tiny cheap looking faucets that are so close to the sink that you are banging your knuckles against the sink trying to wash anything. Its so much more practical and worth the money to spend on a faucet that can be useful and gives space to actually do things at the sink, whether it is in the bathroom or the kitchen.

[@DanielIles]

*Even when things are free having a lot of money is the way to do it!* I’ve been stacking my chips and just got 2 duplexes this year. Thanks Kevin! 👍

[@MeetKevin]

Congratulations!

[@viktorgrsholt5838]

Will you make a video documenting your total income per mounth and positive cash flow per mounth, and maybe show how it increased over the years as you bought new houses?

[@xJman91x]

Congrats Kevin! This has been one of the most exciting videos on remodeling a property. Thanks for all the knowledge!

[@MeetKevin]

Anytime Johnny! Thank you for watching!!

[@aliabdi8427]

@@MeetKevin Hey Kevin I live in the UK otherwise I would have bought your course who would you recommend from the UK to learn from. I see videos of a person call Samuel Leeds but I heard his course is £10-£12K which is crazy mind you im 22 and earn about 17k. I really want to get into investing in houses and renting it out but I don't want to pay an arm and a leg for it and not to work and i get taken advantage of. Also I'm paranoid he will only take my money and not help me get results. I would love to hear back from you and hear your advice thanks.

[@dsinformation6640]

Good video! I really like the before & after. Thanks for the renovation tips. Congrats on the new property & new tenants.

[@extracurricular1]

Thanks for such a thorough walk through Kevin. I really appreciate pros like yourself showing us how it can be done. I remember doing my first renovation was the most stressful thing ever. I'm no handy man so had a bunch of anxiety and fear around how it'd look and being ripped off. Amazing what some paint and sanding can do though 👌🏽🔥

[@MeetKevin]

Bingo

[@JasonWalter1]

Great insight on how you calculate the return and use a HELOC to fund the remodel and purchase!

[@ericrasmussenii1607]

Fantastic use of the HELOC. We do the same thing, as well in conjunction with using it to pay down the loan on my primary residence as well...way to use OPM to your advantage all around!

[@Ditronus.]

What's your heloc rate, might I ask? I'm at 5.5%. I'm wondering if that's higher than normal.

[@scottlisenbury9609]

Just got a house at the courthouse steps for 80 k and rented it out as is ( with a 1k electrical hookup charge) for $ 750. I Didn't think it was possible in this market. You have inspired me to dream again sir !! haha. This makes 12 units in total now.

[@MeetKevin]

Nice job!!

[@darith770]

I see you removed the master bathroom shower door. I assume you will replace?

[@edenpagani1243]

Last text/comment. I am so behind on my retirement. This is it. I am loving this video. Congratulations and thank you for showing your numbers. I know I'm going to be great at this

[@chrisdubosse]

That was a great video 👊

[@MeetKevin]

Thank you!!

[@donnytucker]

Looks great. My only thing is the cabinets don't match in the kitchen from the old and new ones. Maybe the old ones could have got new fronts to match the brand new ones. But great job.

[@JuancoPRoFlow]

Who gives a flying fuck, it's a rental property. Stop being a noob and save money on stupid upgrades. That's what Kev preaches on his videos.

[@alohajason]

They do match. They're both white

[@paulbar1768]

Your killing it!!!!

[@ColdWerdz]

I watched several of your videos..... You get my subscription for the make it rain comment and laugh! Your enthusiasm and knowledge is great as well! Ever turned a garage into a rental? I have a 800sf workshop with a driveway that I want to convert and dont know where to start.

[@rezatashakori2]

Congrats Kevin, I'm almost getting done with the Santa barbara house with a similar condition that I purchased with zero money as well. looking forward to sharing with you the results.

[@MeetKevin]

Nice!

[@twinsoultarot473]

What do you mean people??!! YOU can only purchase with zero money if you WHOLESALE ( and wholesaling is a nightmare and rarely works )

[@twinsoultarot473]

I tell you what -- whoever reads this; I will pay you from my first flip - if you can find me a way to get back into real estate without the money I once had.

[@charleskayser4646]

Great video. I like the strategy

[@two15AQhdc3s]

This information is incredible! Thank you so much for all of the free content you put out for the community. You really have inspired me to get my real estate license and begin investing! I was looking into investing in multi-family but after all I've learned about wedge deals now that is where I want to start!

[@colinholmes7180]

Dude you're amazing. You and graham stephen are the only ones that seem to have real actionable information. I'm definitely going to see you when you come to Charlotte in December.

[@MeetKevin]

that's awesome! Can't wait to see ya!

[@aliabdi8427]

@@MeetKevin Hey Kevin I live in the UK otherwise I would have bought your course who would you recommend from the UK to learn from. I see videos of a person call Samuel Leeds but I heard his course is £10-£12K which is crazy mind you im 22 and earn about 17k. I really want to get into investing in houses and renting it out but I don't want to pay an arm and a leg for it and not to work and i get taken advantage of. Also I'm paranoid he will only take my money and not help me get results. I would love to hear back from you and hear your advice thanks.

[@MeetKevin]

Hey Ali, You'll learn a TON from my course even for your area (20% of my course members are international students looking for help on these exact fundamentals. $10-12k, that's nuts! For rent to rent? Wow

[@paigest77]

Taxes fund the roads that you drive on, the schools that educated your contractors, the sewers your properties depend on. So cool that you avoid paying them. No worries we will keep covering them for you.

[@blank6521]

Wow this is awesome but I wish the cabinets all matched

[@joepotentier]

Left Twix tenant won’t care. Not worth the extra cost

[@jackgarcia4950]

After the 1 year lease you’ll get over it and find another place.

[@suxel12]

Kevin... This video is GOLD!!! Thank you!

[@MeetKevin]

Thank you!!

[@jasonsongs7678]

You should do more of these type videos...very informative and fun to watch.

[@MeetKevin]

ty Jason!

[@TexPR1]

One thing that you didn’t put on your itemize list and it is not installed yet, is the shower glass surrounding. You can’t hang a shower curtain in that shower so you still have to put in the surrounding glass to enclose that shower.

[@MeetKevin]

Curved shower rod 😎

[@gustavocadena5089]

Hey 👋 @meetkevin could you add how you ripped and touched up your pictures 📷 (about 10 min. in)into the youtube or real estate agent course 😉 love all your content thank you

[@trevorguzy8505]

I’d love to see a video of you painting some of the things you talked about in the video... I’ll save money and love to paint but anytime I paint cabinets they never turn out right

[@pawsNparachutes]

Your shirt 👕 was calling me :) "Don ue Me!" Love all the content you are a big part of my morning and Endeavoring to perservere is the message. 🍻

[@SA-ho1mu]

Great reno on that property. Congrats! I'm curious why you chose to put wood panels in the bathroom rather than re-tiling it. Won't the wood just get warped within a few months from water? Are you just counting on replacing the wood as being cheaper than adding tile in there?

[@MeetKevin]

Vinyl plank

[@ShaunCraikeHostHack]

Great video. Cashflow is king. Capital growth is the cherry on top!

[@MeetKevin]

Thanks!

[@ilancaballero-educacionfin8908]

What material did you use for the kitchen counter tops?

[@DWes487]

Great vid, Kevin!!!!

[@MeetKevin]

Thank you!!

[@tomi3946]

Kev, need a video on short term rental investment. Buying properties for Airbnb/VRBO etc.

[@chrislopez5287]

Chicago was awesome! If you have a chance, it's worth a few hours drive. Don't think about it, just do it.

[@nataliabidulka]

You should kept the old flooring it looked nice also.

[@cetriyasArtnComicsChannel]

Kinda unsure about the kitchen? With such a nice stove and range I feel it needed a bar height self Or what ever you call it? For the bathroom did you add the curved shower rode?

[@MeetKevin]

we did add a curved rod yes

[@thornhillcleaningservices7912]

How do you attract buyers?

[@meetkevin9764]

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:.......

[@RossCrain]

Like your videos. But my question is. If you're only realizing wealth through the value of your homes, how will you increase your liquidity? Isn't the ultimate goal an increase in liquidity so you can go where you want, when you want, whenever you want, and do what ever you want?

[@Jiamian206]

Excellent content like always. Wish Graham makes videos about real estate like you. Keep them videos coming and I’ll keep likes coming

[@dirgesinthedark5637]

Name and company of vinyl plank flooring. Please...Its waterproof? Looks fab, I need to get it!

[@genzinvesting6561]

The deals you find are amazing Great job

[@MeetKevin]

ty

[@SolidusVictorium]

What software is that you’re using to “google maps” your way through the house?

[@bilalkhan5370]

yeah , thats really cool.

[@Audiblegaming]

Materport

[@Whattodoidk]

i asked the same question on another vid, this is Kevin's response - m.kzbin.info/www/bejne/iaDEfWxvmMd_ppI

[@danj7290]

Great video hope you upload more like this

[@gabrielrobinson2253]

This was awesome!!! Loved the info and step by step for everyone. Amazing teacher!!!

[@clallen2000]

How did you stop water from getting out of the shower when you removed the walls. Are you going to put up a curtain or shower stall or just leave it as it is for the new owners to make that choice?

[@MeetKevin]

curtain is up -- installed after scan

[@trunksy]

Can you share the spreadsheets you're using and the parts list links in the reno? I'm interested in what the pro move products are and their cost. Links to the products would help me replicate your low costs.

[@johnnysautorepair.customs6291]

Kevin your information if so detailed and informative ! Great videos!!!

[@MeetKevin]

thank you so much johnny!!

[@nova31337]

Love it! One question, is the floor with the re-glazed shower going to be fine if it gets significantly wet because I see you removed the shower walls/door from it. I'm assuming the flooring is waterproof (as mentioned earlier) but will that keep water from getting under it?

[@meetlauren7768]

We installed a shower rod after the matterport scan 👍🏻

[@nova31337]

@@meetlauren7768 Hi Lauren! Thanks for the answer! Keep rocking it!

[@BOOMOPERAMUSIC]

Awesome video!!!! Thank you!

[@lukerhoads]

Nice Kevin buy and hold is the way to go

[@MeetKevin]

Totally!

[@idawillis5997]

Great video!

[@jeffbidniy6552]

@Kevin any concerns about the corner shower not having any glass around it?

[@johnchadderdon8111]

Interesting the differences in markets. In Houston, we look for properties that the total annual rental income is 10% of the market value, but our property tax rate is 2.5%+. So, I assume CA is less? Substantially? Houston is always seen as a good value in housing, but I have heard dozens of transplants freak out when they get their first property tax bill. Just shows they weren’t really paying attention at closing!

[@Charlielala7]

Can you share that spread sheet?! Thanks Kevin!!

[@jduioe]

Kevin, how much of the $50k was spent on labor? Did you do any of the work yourself? If so, did you keep track of the hours?

[@wolfking27]

Joseph Du Honest question here, why would anyone keep track of the hours?

[@Ghostygoon]

It showed how much he spent on labor

[@AncientAli3n777]

@@wolfking27 why not?

[@joemonroe9456]

70-80% is the usual range for labor. Electrical is more like 90% labor.

[@randomloverboy]

Exactly, I tell people all the time those flipping shows don't tell you how much they pay 48% in taxes.

[@atywood]

I would bet anyone who said they wouldn’t touch it “with a ten foot pole” has never had a mortgage and can’t truly grasp what it means to finance a home and balance out mortagage, insurance, utilities, car insurance and other living costs. Sweat equity goes a long way and I never wanted to waste money renting so I bought my first home at 18. It was a 1980’s original (bought in 2001) but I was proud and loved that I wasn’t throwing money away each month paying someone else’s mortgage or financing their complexes. People are silly if they can’t see that many inhabited homes are much worse than that one! Lol

[@californiamusicplug9537]

Great video as always 💯 Hustle and Motivate

[@wethepeople4432]

Nice work! The best part besides making a nice profit is paying $0 taxes. That's something we can't avoid as a day trader but we're currently fighting Congress for a tax break on short-term capital gains. But I like the end results of this rehab. Keep making those gains chief...

[@DIY-Sy]

You give very good, practical advice, sir. Thank you!

[@ourworldfallen]

This is great! I recently purchased my first home, and this information is invaluable!

[@MeetKevin]

thank you!

[@ThisIsTechToday]

Holy crap. You did all that for under $50K 😂 You're the GOAT, man. Any change you'll put the Matterport before/after and the budget breakdown on the Discord? There are some properties out here that have similar setups that I want to look into!

[@MeetKevin]

Yes go to renovation favorites and I'll post that right now. All of the products are linked already.

[@aliabdi8427]

@@MeetKevin Hey Kevin I live in the UK otherwise I would have bought your course who would you recommend from the UK to learn from. I see videos of a person call Samuel Leeds but I heard his course is £10-£12K which is crazy mind you im 22 and earn about 17k. I really want to get into investing in houses and renting it out but I don't want to pay an arm and a leg for it and not to work and i get taken advantage of. Also I'm paranoid he will only take my money and not help me get results. I would love to hear back from you and hear your advice thanks.

[@greglewis8041]

Thanks Kevin for all this great information. Love to have properties to pursue making things. 😉

[@于博-g2p]

First 3% Appreciation only goes to selling agent commission plus closing cost.

[@asimpleton135]

Love your videos man! What software do you use that allows you to view as if you were there in person?

[@NickPeitsch]

The power of having equity 😊

[@MeetKevin]

Bingo

[@cobreasmith3992]

How do you re-glaze a tub?

[@JohnDoe-ld8nr]

Go to a local hardware store. Buy tub re-glazing kit. Go home. Re-glaze tub.

[@LibraGeek]

I'm interested in your "virtual tour video" ...who do you use for that service/software... ???

[@bwing411]

Question Everything did you find out?

[@bwing411]

Question Everything looks like in the bottom corner it says “MatterPort”

[@ascinder]

At 7:18 you can see the Matterport Pro2 camera he is using in the bathroom mirror. Really neat technology.

[@ForeverDiamonds123]

8:00 it only needed a new glaze? Why not new Sheetrock, concrete board and tile?

[@MeetKevin]

Just glaze yup

[@arvingarcia6953]

Hi Kevin - we are about to close on our first income property and we already have a few potential renters. But do you have any videos on lease agreements?

[@NeilMakes1]

Speaking as a former electrician, I can confirm that boob light (5:43) is the accepted vernacular of that style of overhead lighting. :D

[@MeetKevin]

Haha, thank you!

[@dannydoyle8731]

I always remember the scene from Armageddon when Bruce Willis' crew haggle with the government for favors before leaving for the comet, "btw, they also don't want to pay taxes, ever." I guess the movie could add a one-liner comeback for the government agents "done, we'll issue you all real estate agent licenses." lol

[@fgjf1079]

What do you do with acoustic ceiling for homes that are older than 1980(due to potential asbestos)?

[@SenatorSpider]

Kevin, did you sand and paint the cabinets in the kitchen by yourself? If so, whaaaaaatttttt?!!! That's nice work

[@mlambert1974]

What exactly does reglazing entail? Thanks.

[@ericedwards12]

Nice job Kevin! Looking forward to your next house flip

[@MeetKevin]

ty!

[@aliciashen1816]

Amazing ! Thanks !

[@mattvandenberg3508]

Hey Kevin do more of the investing like a pro videos, and also show us how you sand and paint the cabinets to look new!

[@cyclone917]

Great video as usual Kevin - I noticed the interest rate on your spreadsheet and had a question for you; we just bought our primary residence in Nov and got a good 30-year fixed at 4.6%; our banker has been non-stop emailing me asking if I want to refinance, but they're not giving me a significantly lower rate (maybe 0.5% lower?); should I wait until rates go even lower, and what's the "catch" here? I can't figure out why he's being so aggressive with this refinance. Thanks again and keep up the awesome videos - this is the best content for real estate, period.

[@MeetKevin]

Hey that could actually be an opportunity for you. Get some quotes. If you can do it with very low fees for 4.125%, that might not be a bad deal

[@Snicklefritz83]

How do you take a shower in the last restroom with no doors or curtains? Without getting water on the floor

[@edenpagani1243]

I do bookkeeping and financials for a flipper in the Dallas market and his numbers SCARED the hell out of me. BUT your videos speak to my numbers mind! I am joining your team. I love the fact that you have a kitchen and bathroom guy. Apparently you don't keep these men on the payroll year round. I ALSO love your strategy ....in and out. You aren't holding hardoney for a YEAR!!! Yikes!!! I am an agent but I love fix n flip strategies...I just never felt secure in the numbers until YOU. Also this guy pays a TON in taxes.....oh dear He flips 20 homes a year....but he is going broke quick. Your method makes more sense

[@CHRISTINE162004]

That house came out so good!!

[@MeetKevin]

ty!

[@cnat01]

Good content as always Kevin. Can you do one video about your equipment like the 3d scanner and this camera you use for KZbin? Also, is Heloc still a tax write off w the new tax law?

[@andrewheyer1156]

I like this kind of content Kevin.

[@MeetKevin]

ty!

[@Uber1nsane]

Another reason for Kevin to not sell is region specific. California's state tax on capital gains of 13.3% is additional to federal tax he would pay.

[@tronghungdao251]

What 's software do you use ??? Keep it up .

[@seanhusted2129]

It's cool to see deals from a local VC guy.

[@skyes.852]

Do you buy house only to rent them or you also do flips? How do you analyze if it's a good flip?

[@albertcalderon1]

Do you think breaking even on a property is ok if you had to put no money down and didnt have to pay PMI? I have 3 houses i live in . i got VA loans which require no money down and no PMI. I rent the other 2 at cost after HOA and property management . So yes i have to pay when there is vacancy and repairs but i had to invest no money to control it. Is this bad ??

[@Brauket]

What’s the best city or place to begin real estate investing?

[@HabibiGib]

In the area you know

[@Brauket]

Gibriel Spiteri what if the area you know isn’t great for real estate?

[@MyDadWorksAtMarcs]

can you link to floor used?

[@ShihabPersonalFinance]

Excellent value

[@chrisdubosse]

Thanks for the tips

[@waperboy]

I'm a bit confused about the bathrooms - just normal walls, flooring and baseboards? I'm from Sweden, and here bathroom code is very strict, wet layer etc, everything must be water safe. This bathroom definitely would not fly here...

[@yzsty1991]

Hey Kevin! Really enjoy your videos, can you make one on what kind of insurance to get? Homeowner vs rental insurance? Thanks!

[@Internationaljae]

Can I get a copy of the ROI spreadsheet?