Shocked by Graham Stephan’s Rental Remodel [Reaction]

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Meet Kevin

Meet Kevin

Күн бұрын

Пікірлер: 418
@fdsnz
@fdsnz 4 жыл бұрын
I just Purchased the Real Estate Investing Course, Ha HA!
@MeetKevin
@MeetKevin 4 жыл бұрын
welcome aboard!!
@fdsnz
@fdsnz 4 жыл бұрын
Meet Kevin Hi thanks! Have been following your vids for a while, amazing stuff! Just a wealth of knowledge!
@brycemcgoey2794
@brycemcgoey2794 4 жыл бұрын
Great Decision! Been a member of the Course since 2018 and the Private Live Streams alone are worth the price.
@prettybrwneyez7757
@prettybrwneyez7757 4 жыл бұрын
Welcome, Jason!
@fgjf1079
@fgjf1079 4 жыл бұрын
TSLA stock heading back up! 👍
@Oscarbm1234
@Oscarbm1234 4 жыл бұрын
Graham: *Frugal AF, Makes 20 cent coffee* Also Graham remodeling: *goes HAM on spending*
@rustyray420
@rustyray420 4 жыл бұрын
Spends where it matters 😂
@samholder196
@samholder196 4 жыл бұрын
i respect Graham's approach -- long-term vision, take care of tenants, build loyalty, and make your investments robust.
@Erika2
@Erika2 4 жыл бұрын
Oscarbm1234 😂
@TradingWithJesseW
@TradingWithJesseW 4 жыл бұрын
Dude invested into his property and into peace of mind that he won’t get some BS calls about broken something thats 100yr old. I’m working on my own rental now it’s from 58 it’s like a duplex but in reality just in-laws quarter. One unit is a vacation rental and my summer house so I improved it more than I did t he long term rental unit. It’s all about $ placement. Video to come.
@bigslime9354
@bigslime9354 4 жыл бұрын
He's frugal and on his personal shit, but if it's for business Graham goes ham
@iaspireothers
@iaspireothers 4 жыл бұрын
Kevin is so underrated. Speed and detail. Unmatched. Glad to be here well before 1 million subs.
@MeetKevin
@MeetKevin 4 жыл бұрын
Ah thanks for that!!
@brandonknable7890
@brandonknable7890 4 жыл бұрын
@@MeetKevin hi Kev! Love your videos and Graham's
@Imaboss42095
@Imaboss42095 4 жыл бұрын
Man I couldn't agree more
@DanielIles
@DanielIles 4 жыл бұрын
*Confirmed:* Kevin definitely has a front row seat to all of Graham’s videos before they are posted
@MeetKevin
@MeetKevin 4 жыл бұрын
Haha I like the speculation :P
@CaseyBurnsInvesting
@CaseyBurnsInvesting 4 жыл бұрын
Let’s start a big conspiracy theory.
@MeetKevin
@MeetKevin 4 жыл бұрын
It’s because I smash like 🤓
@DeViceCrimsin_
@DeViceCrimsin_ 4 жыл бұрын
On that note. K-Star and Gram Stam should do a colab like once a month. Now that would be some content.
@RealKabirWolf
@RealKabirWolf 4 жыл бұрын
Definitely! Graham literally posted this video earlier today, I just saw it before the live-stream with Kevin! lol
@MeetKevin
@MeetKevin 4 жыл бұрын
What do you prefer? Simpler rental remodels and buy more deals? Or is it better to upgrade as much as possible while it's vacant? Both methods work! Curious on your thoughts.
@dwafieuafoa7272
@dwafieuafoa7272 4 жыл бұрын
Simpler rental remodels and buy more deals
@maigematthews5620
@maigematthews5620 4 жыл бұрын
Meet Kevin My opinion is if it has an adequate LTV and/or can increase the ROI, then go for it! 👍🏾 There just has to be some fiscal sense to do any of those options.
@chicomarlin1246
@chicomarlin1246 4 жыл бұрын
It depends on the area, correct?
@karankapoor9707
@karankapoor9707 4 жыл бұрын
The first one , please.
@padthai1379
@padthai1379 4 жыл бұрын
Meet Kevin minimalist, it’s just a rental haha
@millions2nette
@millions2nette 4 жыл бұрын
I'm with you on the minimal refurbishing. This place didn't need every single wall torn out.
@StrongTowerLockandKey
@StrongTowerLockandKey 4 жыл бұрын
Kevin, I really appreciate that you took the time to go step by step on this! I had watched Graham's video previously and as a new investor it had me worried on how much things can cost. I appreciate your honesty and transparency, even when it means criticizing your friend's own renovation!
@kingcap594
@kingcap594 4 жыл бұрын
Kevin, keep doing what you’re doing. Analyzing and deep diving into other youtubers deals/investing strategies is absolutely genius. It helps us newbie investors tremendously. 💯🔥
@MeetKevin
@MeetKevin 4 жыл бұрын
Thank you!!
@hahahhahah6277
@hahahhahah6277 4 жыл бұрын
Graham Stephan: “I’m cheap!” Kevin: “No, you are financially conservative at times. But I AM CHEAP” Hahah hahah!
@MeetKevin
@MeetKevin 4 жыл бұрын
Lol
@Arkine13
@Arkine13 4 жыл бұрын
Had to rip out the wiring and have it completely redone in our rental (it wasn't safe at all, major fire and shock hazards: grounds that were carrying loads because of improper installation, and aluminum directly wired to copper, wires that actually lead no where but were carrying a load, wires that were connect to circuits they shouldn't have been connected to, etc). In doing so, we also tore out PRESSED board that was on the walls--not drywall. This lead to us discovering that some of the headers above doorways were...well, not there--these were load bearing walls and after discovering this we checked the level of the doorways and found they were starting to bow. So now we have to repair structural damage. Plumbing was leaking inside the walls, which we didn't see because of a tube surround when we initially looked at the house.... Over all the exact same thing happened, we went in with intentions of just doing some upgrades and found out that this place was a fire/shock/collapse waiting to happen. We'll have a New/Old house by the time it's done. But it'll be one of the nicest ones on the block! LOL I do have a question though, what if you own the property outright and are planning on a cash out refinance to reclaim the money that you spent on it and then invest that money again into another property. Wouldn't that make these types of extensive repairs more worth while?
@zevlove612
@zevlove612 4 жыл бұрын
Thats how real world renovations go mate not the nonsense Kevin is saying where u just paint and change carpet..esp an older house at some point u have to deal with roof plumbing electical work insulation windows etc maybe even structural issues
@ricknovotny1474
@ricknovotny1474 4 жыл бұрын
"Renovations always cost 20% more than expected and take 20% longer than expected" - Graham Stephan
@paulhoskins7852
@paulhoskins7852 4 жыл бұрын
That's why you double the amount you think it will cost, and that's your budget....
@juzoli
@juzoli 4 жыл бұрын
Rick Novotny But by explicitly saying that, it become expected. So now he needs to add another 20%.
@scottyhaines4226
@scottyhaines4226 4 жыл бұрын
Kevin always has a big upper hand in remodeling just because he was a contractor. Most landlords don't have that kind of knowledge to do repairs inexpensively
@williamward2467
@williamward2467 4 жыл бұрын
Nice way of being polite. It's about the money.
@equalscash9388
@equalscash9388 4 жыл бұрын
This gives me flashbacks! A few months ago, I was remodelling a house built in 1913 and what supposed to be a short and cheap up to 30 days job ended up taking more than 3 months and 250% more than the initial budget. It was literally a nightmare watching my money burn and I'm definitely sure a won't be going through something like that ever again.
@heyhomieproductions
@heyhomieproductions 4 жыл бұрын
I gotta say, Kevin you're right.... the house looked fine before... should've just painted, left the original hardwood floors and cabinets etc, and called it a day. 100k+ is practically downpayment for his next rental unit. I know, he doesn't really need it, but.... why not?
@dwafieuafoa7272
@dwafieuafoa7272 4 жыл бұрын
You know after all this, *you might as well just bulldoze the house and start from scratch* ;)
@TheperfectfrenchwithDylane
@TheperfectfrenchwithDylane 4 жыл бұрын
Wasn’t that video posted this afternoon? That’s quick!
@MeetKevin
@MeetKevin 4 жыл бұрын
gotta be! :D
@ryanmoyer1
@ryanmoyer1 4 жыл бұрын
I went and liked several comments asking for the official Meet Kevin reaction because we all NEEDED this! 😂 Kevin is the OG of all things real estate 💯
@MeetKevin
@MeetKevin 4 жыл бұрын
Thank you!!
@joshuawebb3337
@joshuawebb3337 4 жыл бұрын
LED on old knob and tube? That's so smart. Never thought of that
@kdrguru
@kdrguru 4 жыл бұрын
What about when a tenant plugs in a 2000w heater?
@justauser
@justauser 3 жыл бұрын
@@kdrguru yup. Not the safest advice but dont sue him bro!
@carrielea3793
@carrielea3793 4 жыл бұрын
I would choose to rent from Graham but if I was a landlord I would listen to you. It is so awesome to listen to both you and Graham.
@Erika2
@Erika2 4 жыл бұрын
Do more react videos like this, Kevin! I enjoy the input you have about these properties, especially when you talked about the red flags!
@alexandruulici-buyingfreed9118
@alexandruulici-buyingfreed9118 4 жыл бұрын
"Expect it to cost more than it should, because it totally does." - Fair enough!
@BeefcakeButch
@BeefcakeButch 4 жыл бұрын
The whole time I was watching Graham’s video, I was thinking, “ok, what would Kevin do?” Lol I’m glad you made this video
@keinlieb3818
@keinlieb3818 4 жыл бұрын
Well, we do know that there was a lot of termite damage in the home and I wonder if that's why so much work is being done on the house.
@MeetKevin
@MeetKevin 4 жыл бұрын
Drywood termites out here center around window sills and trim -- usually less than $4-5k for wood repair in a typical 3/2 house in LA
@keinlieb3818
@keinlieb3818 4 жыл бұрын
@@MeetKevin that's excellent information. Thank you.
@millions2nette
@millions2nette 4 жыл бұрын
Poor Graham...Looks like the contractor guys did the ole, "okey doke" on him, especially the part about the beams sagging.
@jamesallenrealestate
@jamesallenrealestate 4 жыл бұрын
I had a strong feeling this reaction video was coming!
@ettaalex7368
@ettaalex7368 4 жыл бұрын
I was thinking about Kevin's reaction the entire time I watched Grahams video. Kevin is trying to be so nice about it.
@arxhives
@arxhives 4 жыл бұрын
It sounds like Graham is going to end up living in this one. Most of these things he’s doing are things that I would do if it was just going to be a rental
@DietBajaBlast
@DietBajaBlast 4 жыл бұрын
good call, you might be right
@enailu86
@enailu86 4 жыл бұрын
I was thinking the same. Then he can live together with GG. ;-) Oh, that would be fun!
@JV-mk3bl
@JV-mk3bl 4 жыл бұрын
Trueeeee
@chamberzmediagroup8762
@chamberzmediagroup8762 4 жыл бұрын
I was waiting for this to drop!!!❤️💚💛 Keep on keeping it real!!!!!! Big up Kev!!!!!
@andrewc403
@andrewc403 4 жыл бұрын
Kevin is the man! This is the stuff he teaches you in the course!
@c_mac7773
@c_mac7773 4 жыл бұрын
I’m almost 36 years old now and I’ve been remodeling since I was 16 years old for other people. I’ve worked for so many different companies I can say without a doubt that I do Top Notch work far beyond most remodel companies. It’s time to get my real estate license and start making myself money instead of someone else.
@Lthomas67
@Lthomas67 4 жыл бұрын
I was just watching Graham’s video and I was about to comment “now waiting for Kevin to react to your remodel.” 3/4 of the way through his video I got the notification of your video, impeccable timing! Lol
@MeetKevin
@MeetKevin 4 жыл бұрын
Hahaha nice
@paulhoskins7852
@paulhoskins7852 4 жыл бұрын
6:15 and again later - Graham says "Ceiling JOUSTS". Red flag of an amateur. I agree with you, Kevin, nice windows would be much more appreciated than perfectly level ceilings. I sag of 1" or more in a ceiling is often not a big deal, and since they opened it up in the first place, they could have fastened some jack studs to the roof rafters to lift the ceiling if it was really that bad.
@thethinkstudio1200
@thethinkstudio1200 4 жыл бұрын
modern shower! Very crazy to hear the prices of subbing all this work out. On my rental I just rehab 800 sqft in 3 weeks but I did everything myself just hiring a few demo guys to pull out the junk and I only spent $10,589 for complete rehab interior ,
@MeetKevin
@MeetKevin 4 жыл бұрын
Niiice
@user27278
@user27278 4 жыл бұрын
Its amazing isn't it? I'm getting ready to do a light rehab/updating myself, estimating about 10-12k
@thethinkstudio1200
@thethinkstudio1200 4 жыл бұрын
arturo raygoza arturo raygoza it really is. I see how cost can increase the people you bring on which is great because it frees you up to go make more money some where else while it’s getting done. But sometime I feel contractor / subs are over charging for somethings. I love that my father taught me everything in construction. I’ve built houses in Hawaii start to finish. And the amount he spent on a remodel I could have build a 1200 sqft brand new house in Hawaii. kzbin.info/www/bejne/eJCtiH94d5JgqcU Link to 2017 building in Hawaii with my father we do every trade.
@KathrineAnnVlogs
@KathrineAnnVlogs 4 жыл бұрын
I have a question: why do you focus on getting more properties at this point? Why not just add the money you were going to use to get a new property to help pay off some of your mortgages. I understand that it is amazing to have someone else pay your mortgage for you, but it would increase your cashflow just the same with less tenants to deal with.
@yelnatsch517
@yelnatsch517 4 жыл бұрын
I think in certain parts of LA, an extra bathroom is worth $500 a month easy. Also, the quality of tenants makes a difference. Higher quality tenants would probably mean less wear and tear, especially in LA.
@netmaster88
@netmaster88 4 жыл бұрын
Your analysis around 15 minutes I have found to be extremely true. I have spent 100k on a big remodel and was like man I could have gotten away with spending 70k and still gotten the same sale price. Kicking myself in the butt on that one however sometimes you learn by doing. My dad was advocating your typical remodel and I did a Graham remodel and since I sold the property I really should have done your way. Now I'm the wiser though lol.
@earthwerm
@earthwerm 4 жыл бұрын
I really love Kevin and Graham, their personalities are so opposite but it works lol. Both have given me so much knowledge. I am currently a 24 year old failure working at an $8 an hour job still living at home with no car and $2k in my bank account but one day I am hoping to do real estate flipping and investing once I have enough money to get started. So I am trying to learn now since I have nothing else to do.
@bkucenski
@bkucenski 4 жыл бұрын
It's nice of him to be generous with that property. It's also educational to see the ranges you can go on a property and what the results are. With the state the house is in, basically if you can afford it, you definitely go the Graham direction. That's a fire waiting to happen and the layout was just weird. You can do the lower cost remodel and you'll be fine for awhile, but eventually you're going to have to go the Graham direction. As long as your contractors are competent, doing it all at once rather than having to spend more time later is a better option. There's setup and take town time as well for contractors to get going. Getting them in, in one block of time is going to be the most efficient. Honestly, I'd probably live in the place myself if I put that much into it. That's the fastest way to get the most value out of it. Paying a premium to have nice things makes sense if you're enjoying those nice things. In 3 to 5 years the stuff he puts in will still justify a premium rental value but the renter is getting it used and they won't care anyway. He could turn his current place into a rental that has a positive cash flow that would better subsidize the work he's doing than putting a renter in it that's barely breaking even and enjoying all the brand new stuff. He can also then take advantage of the tax benefits of having it as a primary residence before turning it into a rental. Better loan, keep more of the appreciation later, etc.
@MeetKevin
@MeetKevin 4 жыл бұрын
Not sure you’d ever have to go that big of a remodel - I definitely agree I’d live in it at first though!!! Like a new car! Use it, then give it to a taxi driver! Those tenants are going to get a steal
@marioa3318
@marioa3318 4 жыл бұрын
this people: how it looks like when a contractor up-sells you
@cabdolla
@cabdolla 4 жыл бұрын
Mario Knob and tube wires and poor structural support is not an up sell, it’s not to code and he would not be allowed to dry wall over that once it was discovered in most areas.
@blessedwiddit
@blessedwiddit 4 жыл бұрын
Exactly when they could’ve easily ran a beam detector down each frame
@AlexSanchez2254
@AlexSanchez2254 4 жыл бұрын
Dude you’re freaky fast with these Graham Reaction videos.
@dstorage2198
@dstorage2198 4 жыл бұрын
Ok ok love the idea of redryalling the cieling- if needed but without the drywall onvthe cieling how hard would it be to just rewire the house 60s 70s wire sticks
@davidhenderson4326
@davidhenderson4326 4 жыл бұрын
He just within the first 5 minutes of the video turned a simple remodel to a COMPLETE DEMO of the ENTIRE HOME. Replace what is necessary, use multicontractural people with licencing, minimulize pre 1920s floors and such, and do the necessary upgrades if needed. Utilize ALL original structural constructs, cover with a sealer or laminate, keep as as ORIGINAL AS POSSIBLE, depending on the area.
@dilpickel22
@dilpickel22 4 жыл бұрын
You working at Red Robin totally makes sense! Good on ya man! Love the Channel I find the information you give to be invaluable thank you very much
@RealKabirWolf
@RealKabirWolf 4 жыл бұрын
"I figured it out! I the Graham version from Millennial Money when it comes to remodels!" 😂
@markanneprice
@markanneprice 4 жыл бұрын
Knob and tube wiring is the safest wiring system ever devised as far fire safety is concerned as as long as the proper sized breaker is protecting the wire and it is not exposed to shorting implements, even if the insulation falls off. The devises holding the wires are non flammable. House fires with knob and tube would only occur because of structural damage, shorting implements, or shunting fuses with pennies as people were want to do. Romex will burn in that case. Many top electricians have volunteered that over my years. I am 74. To me plastic wiring boxes are the weakest link in modern wiring because heat build up occurs mainly at connections and connections occur in boxes. Plastic melts and burns and steel does not. The heat build up in the wire itself is controlled by the breaker sized to the wire gauge. Heat build up in connections is caused by loose connections causing arcing (sparks) not over current. Even nails driven into walls with knob and tube are unlikely to short both wires because of their separation distance. Not so with Romex. Knob and tube is labor intensive and requires more expensive parts than modern wiring. Knob and tube also often used soldered connections reducing arcing. DON'T SHUNT YOUR FUSES WITH PENNIES!
@maigematthews5620
@maigematthews5620 4 жыл бұрын
I know you’ve done this before. Maybe years ago. But can we have a video on the baby steps to financially set yourself up for your first house, please? I know it was different for you, because you had help from your daddy, but can you give us a few ways that we can get started? I’m trying to explain this to my mom. Us youtube-viewers aren’t really good at sifting through hundreds of your videos to find what we are looking for. Thanks 🙏🏾
@callbillstewart
@callbillstewart 4 жыл бұрын
Maige Matthews Hi. If you’re serious about this, go to my channel and watch Lessons 6-9. Probably take about an hour of your time. To find my channel, go to Bill Stewart How to be a financial success. I actually recommend you watch all 9 lessons, but I think you’ll find what you’re looking for in lessons 6-9. Let me know what you think. Thanks and best wishes.
@reirei7667
@reirei7667 3 жыл бұрын
Been binge watching all your videos. Hubby and I have offered on a home 270k that was originally zestimated at 319k. Woke up and saw it was at 298k....we are getting a little anxious because the property was built in 65 and literally EVERYTHING is from 65 (including carpets). Its a 3000 sq ft home and needs at LEAST 30k of work. Do you think we should run away or stick it out and get the home for 270k?
@FarmingOurBackyard
@FarmingOurBackyard 4 жыл бұрын
You are the Graham of real estate renovations.
@KenanGrace
@KenanGrace 4 жыл бұрын
I’d like to see Grant Cardone’s reaction to your reaction to Graham’s video. ...Posted on my finance channel. 😂
@KenanGrace
@KenanGrace 4 жыл бұрын
😂
@RealKabirWolf
@RealKabirWolf 4 жыл бұрын
I can tell you how that goes.... "You should never do a remodel like this.... eeeee...aaaaa.... 10X everything!! Invest in Cardone Capital! You can invest $1m and get $60,000 a month, thats just common sense. Cardone Capital, call in today Fund X closing today!"
@bigbirdexplores1919
@bigbirdexplores1919 3 жыл бұрын
Answer this my irs check payment says my stimulus was deposited into a different account not belonging to me ?
@Dtginamartin
@Dtginamartin 4 жыл бұрын
He also isn't hurting much due to the fact that the renovation videos are great KZbin content. I'm not sure what he's made to date on the videos, but I'm sure that it's close to the cost of the electrical if not more. So in his case these "hang ups" are adding more value to the channel.
@CaseyBurnsInvesting
@CaseyBurnsInvesting 4 жыл бұрын
Plenty of gold in this video. You should go back out to the property Kevin. Two brains, better than one.
@ChandlerDavidSmith
@ChandlerDavidSmith 4 жыл бұрын
I freaking love this hahahaha
@MeetKevin
@MeetKevin 4 жыл бұрын
My man chandler! :D
@MeetKevin
@MeetKevin 4 жыл бұрын
Go checkout Chandler's channel too!
@peterstencil7277
@peterstencil7277 4 жыл бұрын
He’s awesome
@zevlove612
@zevlove612 4 жыл бұрын
Another slumlord and cheapskate this Chandler
@rychei5393
@rychei5393 4 жыл бұрын
Who wants to open the walls to learn about problems of ignorance. If nobody knows it's a problem it probably ISN'T a problem. I'm with Kevin here, let the property MAKE you open the wall when needed.
@LennyYT
@LennyYT 4 жыл бұрын
Don’t worry! Gram is swimming in sweet sweet KZbin money💰
@raymendli
@raymendli 4 жыл бұрын
Hey Kevin, this was a really helpful video! Curious why you wouldn't put vinyl in bedroom and transition to hardwood for the rest of the house? Does that look bad or there's a functional case?
@DeViceCrimsin_
@DeViceCrimsin_ 4 жыл бұрын
Lol, i saw this coming from Gram Stams thumbnail. "Lol, 100k?! Kev bout to flip out ..." And sure enough. I don't think it would be within a few hours tho XD
@RiverSLV
@RiverSLV 4 жыл бұрын
For 10k I’m remodeling a flip with LVP all throughout, wall tile in bathrooms, luxury hardware and new kitchen counter top just to make a few things. I’m getting close to a one thousand percent cash on cash return
@NylonStrap
@NylonStrap 4 жыл бұрын
I'm finishing my 1000 sqft basement and I'm spending $10K total, and that includes the permit, framing, electrical, plumbing for a new bath, flooring, doors, and hardware :D
@MarkTheCreator
@MarkTheCreator 4 жыл бұрын
What is the jacket your wearing I want to buy one !!!
@ZackScriven
@ZackScriven 4 жыл бұрын
You forgot to factor the "Graham Stephan Custom Home" Premium
@tomatobrush3283
@tomatobrush3283 4 жыл бұрын
I like your approach of spending less but sometimes it is possible to knock out a single wall for $3000 and it can transform a floor plan and make a big difference to the rent. Like $500 a month extra as people pay extra for kitchen islands these days, well in some areas they do. I can completely appreciate where you are coming from with your line of thinking that it opens up a can of worms.
@lowfrequencyfilms
@lowfrequencyfilms 2 жыл бұрын
If two people are in the bathroom at once smashing… the like button! Nice graham, real nice.
@markterzi857
@markterzi857 4 жыл бұрын
When I watched gram's video, and saw what he did to level the floor I was thinking to myself "Kevin would be heartbroken". And then 9:57 lol
@MeetKevin
@MeetKevin 4 жыл бұрын
Hahaha yup
@wrbergner
@wrbergner 4 жыл бұрын
I think your simple idea would be more ideal, if I had the choice to fix up this remodel. This was a total gut remodel, one I would expect I would do if I was going to live there. The money would have been better used for another rental or upgrades to other units. Good video!
@OmahaTonyG
@OmahaTonyG 4 жыл бұрын
His remodel is over the top for a rental. I could have remodeled his house for $10,000 and had it rented again in 30 days.
@michaelphillips8155
@michaelphillips8155 4 жыл бұрын
$ 10,000 really maybe in the 70s 10,000 wouldn’t touch a remodel in today’s time !!!
@OmahaTonyG
@OmahaTonyG 4 жыл бұрын
Michael Phillips my remodels are never over $10,000 in my rentals. Paint, flooring, light fixtures, and appliances make the whole place look new.
@benjamin-rn5zn
@benjamin-rn5zn 4 жыл бұрын
The Part-time Landlord appliances alone is over 10k but sure
@benjamin-rn5zn
@benjamin-rn5zn 4 жыл бұрын
The Part-time Landlord plus you need to make the place safe
@OmahaTonyG
@OmahaTonyG 4 жыл бұрын
benjamin if you are buying expensive name brand appliances. I buy cheap used white appliances for my rentals. Keep in mind that my rentals are B-/C+ class. Kevin appears to be doing A class rentals.
@TheDarkKnight992
@TheDarkKnight992 4 жыл бұрын
The right approach is somewhere in-between the both of them. Change the layout but don't change anything else.
@Submersed24
@Submersed24 4 жыл бұрын
It's also LA where a couple thousand in remodling will hardly show on the price, since its already expensive
@h3xt0r63
@h3xt0r63 4 жыл бұрын
Hey Kevin or Kevin's Fans. I'm a n00b. I'm looking into getting a Real Estate Licenses. I'm still learning about what it is and all that, but I essentially want to be selling homes making a profit. Is renting or flipping homes also part of the package if I get a Real Estate License or can I do that without it? Also, what are the benefits of having a real estate license and flipping homes?
@ThinkMoneyBenny
@ThinkMoneyBenny 4 жыл бұрын
Cool reaction vid, nice to see different perspectives
@MeetKevin
@MeetKevin 4 жыл бұрын
Thank you!!
@sf7234
@sf7234 4 жыл бұрын
"Graham's income is a little more substantial than a Red Robin income" haha you think
@Cabbage_Town
@Cabbage_Town 4 жыл бұрын
Love how graham calls the joist, joust. 😆
@ManuelFuentesEconFin
@ManuelFuentesEconFin 4 жыл бұрын
The Floor kevin happy like a little kid asking may I peel it lol Epic great info
@trinsit
@trinsit 4 жыл бұрын
Holy F$@# Sherlock Holmes! That was some kind of deep dive analysis I've never seen in a review. Love it!
@binchen-realestatesimplifi2143
@binchen-realestatesimplifi2143 4 жыл бұрын
Kevin!!! you need to go save this poor man
@tommy2346
@tommy2346 4 жыл бұрын
It's crazy how American houses are built. Really amazing. All wood, like ikea furniture. But you live in it.. Imagine paying half a million for a bunch of wood
@rpvitiello
@rpvitiello 4 жыл бұрын
I guess this shows the very different I investing strategies. Totally redo it once and make it as passive as possible, or just refresh it, and know you will have more ongoing maintenances and repair. Less money up front, but it’s less passive.
@DividendGrowthInvesting
@DividendGrowthInvesting 4 жыл бұрын
Lol andrei called it! Love seeing you respond to his video! Do a collaboration with Ben Mallah please!!!
@henryugwu
@henryugwu 4 жыл бұрын
I just watched Graham too, what is up with this remodel, it is costing him way too much money.
@MeetKevin
@MeetKevin 4 жыл бұрын
definitely a pricy one!
@NegativeAccelerate
@NegativeAccelerate 4 жыл бұрын
I guess he likes the security of knowing that he won’t have to fix anything in the near future. He also seems to care about his tenants and customer loyalty but maybe he shouldn’t.
@AP.Production
@AP.Production 4 жыл бұрын
Really hope Kevin remembered to SMASH THAT LIKE BUTTON
@lawndogmoon2
@lawndogmoon2 4 жыл бұрын
Kevin, can you explain your decision to invest in Redfin stock rather than Zillow?
@CheesyDoesItCooking
@CheesyDoesItCooking 4 жыл бұрын
I mean, I dont know what the numbers are but im assuming a duplex in central LA is going to be at least 800K, with his remodel he's probably looking at 1.2 right away. I dont think using 400/500K as an example is accurate.
@MeetKevin
@MeetKevin 4 жыл бұрын
It all scales, right? I said $400k for *one side*. So say a duplex in LA is $1m "move in ready." Great. How much MORE is it going to sell for if you add an EXTRA $80k in remodeling to each side? Not $160k more
@CheesyDoesItCooking
@CheesyDoesItCooking 4 жыл бұрын
@@MeetKevin ah I missed the "one side" part. I still think a remodel (to the degree graham is doing) is going to more than double the value what he put in for the remodel but you're way more experienced than me so I won't fight you on that :). BTW, I have only invested in move in ready properties and Im thinking about pulling the trigger on my first fixer-upper that I found recently so Im binging all your videos, thanks for the content Kevin!
@Lucho-2310
@Lucho-2310 4 жыл бұрын
Wow Graham really went bananas 🍌 I started my renovation beginning of December in a 1979 🏠 and it’s pretty much all done by the way we should close escrow on the February 25th, in the old homes the more you dig the more you find in my personal opinion specially for a rental dude it doesn’t make sense what Graham is doing
@zp4291
@zp4291 4 жыл бұрын
You're spot on as always, love it.
@ElJasperino
@ElJasperino 4 жыл бұрын
LOL, I wonder when Graham will be making comment videos to your investments 😂 I love these commentary videos. 👍
@lunayoureright
@lunayoureright 4 жыл бұрын
What the hell?! Your friend WAAAAAY over spent and YES you absolutely can lose money over renovating in LA. Your friend just DID it! 🤣🤣🤣🤣
@juzefzoozoo
@juzefzoozoo 4 жыл бұрын
Amazing how you can do deals in LA area.. in California in general.
@JohannnesBrahms
@JohannnesBrahms 4 жыл бұрын
You are talking about two different philosophies of investing. It seems your primary value is to optimize the return on investment. Another approach might be to create a space to live that gives satisfaction in way that doesn't only pass grade but rather preforms like the product of an artist who delights in making something beautiful. Money can be wiped away by the vagaries of market economics. Beauty is forever.
@Slingsomelead
@Slingsomelead 4 жыл бұрын
I’m in the process of buying a house that was built in 1900. It’s knob and tune in some places, I’m kinda nervous 😟
@MeetKevin
@MeetKevin 4 жыл бұрын
Email me I have something for you Kevin@MeetKevin.com (serious about knob and tube)
@DAjugRnaut
@DAjugRnaut 4 жыл бұрын
I would have spent the extra 70K on avocado toast and iced coffee....
@karankapoor9707
@karankapoor9707 4 жыл бұрын
Please keep posting more such videos brother! Great work!
@MeetKevin
@MeetKevin 4 жыл бұрын
Thank you!!
@trippybruh1592
@trippybruh1592 4 жыл бұрын
I bet those contractors are laughing on the way to the bank.
@mrguaranteed
@mrguaranteed 4 жыл бұрын
Hey kevin, can you experiment with one of your rentals that are vacant and do a fun airbnb series on one of them.
@nataliemorze775
@nataliemorze775 4 жыл бұрын
With this remodel Graham’s going to have to invent 5c coffee.
@rawtalent257
@rawtalent257 4 жыл бұрын
Wow amazing vid. U should do more of these. Came off your other video with "245$ kitchen"
@MeetKevin
@MeetKevin 4 жыл бұрын
Thank you!!
@dropoutandretireearly1781
@dropoutandretireearly1781 4 жыл бұрын
KEVIN NEEDS TO LEARN ALL ABOUT OXFORD HOUSES !!!! You working to hard !!!!! LOL !!!!!
@robstephens
@robstephens 4 жыл бұрын
The no. one thing that you can do to make knob and tube wiring safer is to replace the regular circuit breakers feeding it with arc fault breakers.
@propertywithjames
@propertywithjames 4 жыл бұрын
Hi Kev - Do you edit your own videos? If so can I ask what software you use to edit it? And roughly how long does it take you to edit each video???? Would mean a LOT to me if you could answer 👍👍
@MeetKevin
@MeetKevin 4 жыл бұрын
I edit them - Final Cut Pro. This video I filmed and edited and posted in 1 hour and 40 minutes - I rushed this video so hard. I could have done a lot better with it -- for comparison though, checkout my video on Cardone. That video took about 8 hours :O
@propertywithjames
@propertywithjames 4 жыл бұрын
Thank you so much, I'm so grateful to you. Can I ask how you learnt?
@eddieC007
@eddieC007 4 жыл бұрын
Keep it up Kevin, love these reaction videos!
@yourbeautybff
@yourbeautybff 3 жыл бұрын
Okay, I was a waitress in college for years. How does someone who works at Red Robin afford to buy a $300,000 property? Especially in CA where the taxes are outrageous? How could they even afford the down payment? Did he live with his parents? Even so.....I don’t get it?
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