![Jarrod Kinman](/img/default-banner.jpg)
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Jarrod Kinman
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Добавлен 22 дек 2014
My name is Jarrod Kinman, I'm a full time Real Estate professional in Arizona, I love helping Sellers & Buyers Win in Real Estate.
Buying - We know AZ! Third gen local native helps you find the perfect home in a great neighborhood. Your needs. Your requests. Your time frame. It's about the lifestyle you & your family want to live.
Selling - More eyes mean more money! Let our marketing, ads, professional video and social promotion get your home in front of qualified buyers.
Investing - Fix & Flip. Buy & Rent. We actively invest across the Phoenix metro area. Joint venture with us, or find ideal properties that fit your financial guidelines.
Surprise Arizona | Sanverno at Desert Oasis Neighborhood Family Home
Welcome to your new home in Surprise Arizona!
kinmanhomes.com/top10-desert-oasis-surprise-homes
Sanverno at Desert Oasis has everything your family needs. Showcasing an oversized den, living room fireplace, huge kitchen island, ample kitchen storage and a large open floor plan. The upstairs loft is perfect for a separate hang out space for the kiddos. It's spacious primary bedroom suite is complete with a double vanity, separate shower and tub, and a huge walk-in closet.
The big beautiful backyard has been landscaped with pavers, a fire pit and low maintenance artificial turf, an awesome place for entertaining!
The community is perfect for families and offers a children's playground, walkin...
kinmanhomes.com/top10-desert-oasis-surprise-homes
Sanverno at Desert Oasis has everything your family needs. Showcasing an oversized den, living room fireplace, huge kitchen island, ample kitchen storage and a large open floor plan. The upstairs loft is perfect for a separate hang out space for the kiddos. It's spacious primary bedroom suite is complete with a double vanity, separate shower and tub, and a huge walk-in closet.
The big beautiful backyard has been landscaped with pavers, a fire pit and low maintenance artificial turf, an awesome place for entertaining!
The community is perfect for families and offers a children's playground, walkin...
Просмотров: 5 282
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Cool story. But i make 14$ an hojr
I had a salary loan so I paid the biggest debt to eliminate and receive higher income every month. Now it's easier for me to accumulate money to pay the smaller debts.
This is bad advice. 1. 5% equity per year is in the high side. The market is cooling due to high interest rates so it’s more like 2-3% 2. In this scenario, the group of friends needs $20k as a down payment (5%) plus another $12k for closing costs plus $1000 in inspections. Grand total $33,000. 3. Selling your home at the end is not free. The going rate for a realtor to list your home is 6% which in this scenario working off this $440k scenario is $26,400. 4. Seller Closing Costs: $6000 - let’s add this as an extra expense to selling the home. Let’s do the math: $33,000 to get into the home $26,400 to sell the home $6,000 sellers closing costs Total: $65,000 10% equity of $400k (at best) = $40,000 Bottom line: it will cost more money to buy and sell a home than the equity in 2 years. In this scenario, the group of friends are simply getting back PART of the money they initially paid to get into the home in the first place and then paid even more. Essentially, paid $65k to receive $40k back in cash. It’s a convoluted savings plan. This plan will only work if the equity exceeds the cost of buying and selling the home by a lot meaning living w each other for longer. I would say maybe the 7-10 year mark should do it.
House hacking is OP. If you use MLM tactics it’s even better! You teach the tenets about the process then y’all buy a new property. It scales pretty quickly and best of all it is actually a useful “product”. Most MLMs sell bull but this is housing, we all need housing.
6.6% (on average I’ve seen more like 4-5%) - 1% taxes - 1-4% maintenance - .5% insurance = 4.1% appreciation using the 6.6 as a starting point or 2.5 using 5%. This doesn’t include mortgage interest. Invest the amount you’d use for a down payment into Bitcoin (digital property) with a 20% CAGR, you’d have more equity over 10 years vs a home AFTER paying rent with an annual 5% increase.
3rd video in a row I’ve seen with the exact same script lol…. Word for word. But different person. So who’s paying ya bud?
ruclips.net/user/shortsHuajLKzIgB8?si=UT7FmUuCcFRaEy6r Lol… verbatim … creators are hilarious
That’s is correct- but I would be interested in see you go in more details regarding those real estate returns (taking in consideration all the risks and expenses) you might encounter when trying to make those returns happen. For example: what if that property doesn’t appreciate, after the expenses on the property, after taxes after sale (if that’s an investment property), potential vacancy, etc. Do you think it would be worth the risks/headaches of dealing with real estate?
I'll work on that for you. I can use personal examples of properties I own
Very smart!
you're missing the point. the equity tables are calculated completely differently. In 7 years of a 15 year note, you've got literally more than half the value of your home in equity. in a 30 year, you're lucky to have 20%, if that. so if you sell your home, 7 years in on a 30 year note, you get NOTHING. your equity is only enough to pay off the realtor. on a 15 year, however, you're pocketing close to half the home's value. yes, the 15 year monthly is higher. just tighten your belt or get a smaller home. at least in 7 years you could always sell, get all that equity and buy a bigger home. Not possible with a 30 year.
The "point" is to get into real estate in the most affordable way possible. that's usually with a smaller monthly payment and smaller down payment for most people. Then stay put. In the last 7 years we went from a median home price of $306,000 to $417,000 in 2023. (Facts from HUD) I'd say $110,000 is more than nothing.
@@jarrodkinman Yes, how convenient that the market went on an upswing. That doesn't change the fact that you also would've earned, i would guess, 400% more equity with 15 year mortgage during the same time period. But one shouldn't confuse inflation with interest/principle tables. And besides, the extra $200 or so a month for the 15 year is soon absorbed and forgotten. I suppose the bottom line - is that a house can be a good investment 15 or 30 year. Hopefully, you didn't fall for the variable rate loan.
stupid advice
thank you for the feedback. Have a wonderful day
You can always pay a 30 year mortgage off in 15, but not the other way around!
true true :)
Dave was correct when he first said this, but then interest rates dropped, and inflation boomed. It is now better financially to pay the payments through the end of the loan. Also refinance anytime it makes sense.
agreed, times have changed. also it's always good to keep an eye on rates and refi when it enables you to pay off the home sooner or reduce your payments
Need for mom
what area do you live in? might have that builder in your town?
True!
What city and what builder ? This was well done!
This is in the Phoenix AZ area. Builder is Lennar
That isn’t always the case, a home is not a guarantee that the value of the home will always go up. Sometimes the value of a home goes down. Specially in a high interest rate environment
Hey Josh, i respectfully disagree. every house I have owned over the last 25 years has gone up in value. history has proven your home doubles in value every 10-15 years. i was paying 8% interest on my first home as well. they key is to get started. time is your ally when buying real estate.
The house does not go up in value, your dollar just doesn’t have as much buying power as time progresses. Nobody really thinks that a 25 year old house has more value than the day it was first built and new.. it’s just inflation doing it’s magic.
@@ramparttransportationinc inflation is real and plays a major part. But... if a house costs more money and an appraiser values it at a higher dollar amount then it used to be then it is "worth more" when you sell it and liquidate it. my grandparents bought a house for $16,000 that same house with doing nothing to it would cost $400,000 to buy as is. I do agree with you it's inflation, but that Inflation causes the value to go up. its real actual money when you sell a house, or at least digits on a screen. lol
@@jarrodkinman The problem with that theory is that you think you're making money when comparing the cost to purchase something 20 years ago vs the cost to purchase it today. if you take that same approach to buying milk or gold, or any other commodity or service rendered, you will see the same concept of "value increase" applied due to inflation. Which then begs the question, is real estate the best investment? For a handful of people it might be, for others being a landlord or possessing real estate is a traumatic experience, and for others it just might not generate as much returns as other ventures might. People are all different and need to assess what they are good at and invest their money long term into that. I started my own business and it has made me 15x more than my house appreciated during that time and I live in Boise, ID where the market has grown exponentially in the past decade compared to the rest of the country. Some people have much better luck in stocks, some people can do great in online commerce, etc. My point is that you cannot really compare things from 20 years ago to today because for the good majority of things, those prices have risen along with inflation. The worst thing about inflation is how much buying power we lose each year because wages don't keep up with it. That's why households in the 1950's could live comfortably on 1 income where that earner wasn't even college educated and just worked at a factory. Meanwhile today a lot of families are struggling to provide with 2 incomes with bachelor's or masters degrees.
Hey! I love your content! We are looking for speakers that would want to be a part of our events in Utah, Las Vegas and Arizona. Would this be something you'd be open to hearing more about?
The housing market in 2023 is scary. Thanks for the useful tips!
First step: get friends in your 30s.
This *ISN’T* reality for a loner like me 🥲….. however it’s beautiful
I brought this idea to my friends 20 years ago. None of them took me on the offer. They regret it now.
real estate is such a powerful tool
VERY GOOD INFORMATION TO KNOW. THANK YOU 😊 FOR THE VALUE YOU ADDED.
Bad idea
What if I'm my trusted friend
then you need to save more money with yourself :)
I keep wishing i could do this with a duplex or higher. If we invested in triplex or quadraplex, we could each have our own apartment, then rent out the other(s). I even thought it might be good to hire property management, so tenants go through them. This gives us help e with mortgage and extra eyes to point out any home issues that we missed.
this is a great idea @Jennifr1966! You can do that with two three or four people. house hacking by living in one unit and partnering with friends living in other units its a great idea. Just write up a legal agreement on how you will handle things if someone needs to change plans. Usually I recommend everyone needs to stick with it for at least two years.
Can you go more in dept Idek what you mean 5% down payment but I want to get into this or do you have course
hey Tony, many people don't realize that you only have to put 5% down payment on a house in order to get a mortgage. So for example a $300,000 house you'd need to save up $15,000 for a down payment
So does the seller buys down the interest rate?
yes that's correct. I'm seeing sellers happy to pay what they call "concessions" the buyer can then get a lower interest rate with those funds or "credits"
Good advice. I do doubt millennials that aren't able to afford a down payment also don't have any retirement accounts though. At least not one full enough to help towards a down payment.
thanks Jeremy, true, there may be some with no retirement. but our goal was to share that some don't even realize its accessible. Keep spreading the solutions, it isn't cheap but it's worth the investment :) real estate usually doubles in value every 10 years so it's worth making a plan!
Assuming property appreciates Looking at 2023 down trend this will be a -$40 k disaster
Well it is very market dependent. Our data suggests otherwise. There is a shortage of homes in my market in Arizona. We are back to a multiple offers on properties because there is not enough supply for the amount of people that want to buy a home.
DUMB!!!!!!
1. As soon as it's paid off you can invest more of what you make, or all of it. 2. The tax deduction is not a valid reason to not pay it off. That's bogus information. 3. Inflation is not a valid reason either. A person with a paid off house always sleeps better.
If you're retired, and it helps you sleep, pay it off. But I'll keep doing cash out refi's, buy more real estate, and compound my equity growth.
Let's get down let's get down to three
I disagree with you in several markets in the West Coast, still heavily over evaluated based on mathematical principles.
Relocation of wealth and lack of supply created the higher values we have in Arizona and Texas now. I'm personally in the AZ market. Californians fed up with their local government moved to less expensive areas, therefore increasing demand and price.
@@jarrodkinman NEW YORK/WASHINGTON, May 15 (Reuters) - As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default.
I got the point of the video about partnering; but i just keep thinking about splitting $40k amongst 4 friends after 3 years. They should each be able to save that much on their own! 🤣 But anyway, the point still stands: by partnering with each other you can make a way to benefit every person involved.
yeah for sure people can save that on their own! But as we all know some people need a forced savings to get it done. Just providing solution ideas for those with very little saving currently
I can't save $40,000 on my own
@@Jennifr1966 how long would it take you to save $10k?
The bubble didn't crash at all. Stabilizing a bubble is still a bubble. There's nothing supporting the inflated costs, it's artificially high. Most things are artificially high. The federal reserve just managed to pull enough levers and pump enough money into the stock market to keep it from climbing. There may not be a crash in the next few years, but don't mistake this temporary stabilizing for a healthy economy.
Thanks for your input. Supply and Demand is still king in real estate. In Phoenix metropolitan we have half the supply we typically do in a balanced market. no one said it was a healthy economy, just making a point that in my market the cooling off of home prices already happened.
Blackrock has enough volume to affect prices. Late stage capitalism . I only have 5 houses. So I missed out
Blackrock has raised billions more to buy even more residential real estate. Seems they like it more than commercial now.
Wonder if people will start targeting the leadership of any bank or corporation that hoards homes away from families. Can’t deny that a bullet isn’t deserved based on what they are doing.
Cool story, I live in Hawaii tho 😢
It's all good, I actually have a good friend and colleague who's in Hawaii. Let me know if you'd like a connection👍
@@jarrodkinman I appreciate the offer, but the median home price in my neighborhood is around 1.2mil. No one that works here can afford to live here. We're all waiting on a few devastating natural disasters to make homes affordable again. 🤞all the beachfront gets wiped out.
This guy is promoting his business blah blah
Just wait til late 2024 or early 2025 , best time to buy .
Only great if u buy houses on the dip , the housing market is slowly crashing now in the next 3 years .
what data do you have indicating that is going to happen?
If only you kept all the equity! You would have to sell, and would lose much of the 40k! Can’t just access that equity, and when you sell you will lose most of the appreciation to fees for the bank and real estate agents
Well I'm living proof that it works. I've done this three times with homes I've lived in. Just sharing some positive solutions for people. It's all in how you buy it. and no, you don't have to sell. I access equity every 3-5 years by doing a cash out refi and using that cash to buy more properties.
@@jarrodkinman Well mabey when the rates where lower but not at 8% this 400K home even with 20-40k downpayment that intrest would require 4 people putting 1250$ each on the home not including utilities and HOA and Home Insurance And Lawn and Property Tax If they did what your saying in this video the intrest would compound against them since the payments each person is making is too low it would need to be double . Its still a good idea if you have 4 people who are quality and live on a budget and make takehome of 2000-2200$ and are wanting to build equity in a home.
@@muradshawar yes 8% is more expensive. But the great part about real estate is it will double in value every 10-15 years so it's more of a waiting game than it is an interest rate. I paid 8% when I bought my first house, my parents paid 13% when they bought in the 80s. the "4 partners" hack is about making it more affordable to invest together. You need at least 2 years of commitment to pull this strategy off but the longer the better.
@muradshawar thanks for the reach out! Actually $400k with 20% down at 8% would be $2,348 a month on a 30 yr loan. even with a down payment of 10% it would be $2,642 a month P&I total. Divide that number by 4 it's $660.50 a person.
@@jarrodkinman Not a bad deal . I might consider that . Does that include the property tax and Home insurnace and HOA fee and utilities as well
Inflation isn't coming back down.
lol, well you might want to educate yourself on the federal reserve, and chairman, Jerome Powell's pledge to bring inflation down
You make no sense at all. You project that you know the market is headed for a "soft" rather than hard landing. Have fun going bankrupt! There is no way for anyone to know what is going on in the minds of the managers at the Fed. They will determine by their choices the type of landing this market will have (Soft or Hard). If you can read their minds or have illegal insider trading knowledge about what the Fed will do, then maybe you can speak with certainty about the future behavior of the real estate markets, but other than that, you sound foolish making such statements. The one wildcard that may work in your favor is the fact that the Fed has printed so much money recently that over the long run, prices of all assets will go up. In the short to medium term, however, incomes have not kept pace with asset price inflation and that is going to lead to a correction in the market which I commend you for admitting, but this time in the cycle in not necessarily the best time to buy, even with creative seller financing. I have been in real estate my entire life and have accurately called every real estate recession since I was a teenager. I have seen hundreds of people go bankrupt who thought they were geniuses and could accurately predict market behavior. Every cycle is a little different. Don't mislead people that you "know" what is going to happen. You don't. Nobody knows, not even the managers at the Fed who will make the decisions because they have not made those decisions yet. People should watch the rate of growth in incomes. If incomes start to rise faster than the rate of asset price inflation, then maybe the markets will not crash, but I seriously doubt incomes will be rising anytime soon. Russia is trying to start world war III. China is in complete meltdown and will soon be desperate and will start to behave dangerously because that's what communist regimes do during crises. Whatever anyone out there does, do not invest in real estate thinking you or anyone else "knows" the markets will have a soft landing. Mortgage rates rose from being in the 2% range a year or so ago and now they are around 7% and probably will head higher. That has never happened in the history of the United States. Such rate increases hammer affordability. No major residential real estate builders are in the market (all of them moved to the sidelines in mid-2022-go ask your nearest residential raw dirt land broker). Its a very, very dangerous time to be buying real estate. Think. Act wisely. Nobody can afford real estate at these price levels unless household incomes start to increase very, very rapidly and there is no sign that is happening or will happen. Be responsible and ethical.
Asking prices was 160.000 cad and I offered 200.000 cad. Owner didnt accept my offer :( I give up.
SO, this is what I have heard from very reliable source....once the new money Nesara starts,everything will go down in price and that includes housing. Someone else talking about it said they believed the prices might go down as low as the mid 1950's prices...I am not really believing that, but I'd bet a $500,000 home would be as low as $ 200 or $250,000....everyone will be able to have the American dream and be a home owner....soon, God willing, soon!
Carik, Nesara was a proposal that was never introduced in congress. Watch the money from Wall Street, prices won't be going down, rents will be going up. Prices of homes in the 50s were $16,000 range, I don't see that ever happening again sorry. When Blackstone and JP Morgan are raising billion dollar funds to buy more residential real estate and rent it out, prices will still continue to trend up over time.
Dang sorry to hear that Sar, I Have definitely been there before too. keep the hope alive, it may take some time but you'll find a good one.
@@jarrodkinman That's what I'm thinking. I wish they'd quit letting these institutional investors snatch up all this property.
@@lisas44 I agree completely. these wall street hedge funds are switching from commercial to residential it seems
Haha most people fail at step 1 This is bad advice
Step 1 is the hardest step.
Wrong assumption on the plane cash The probability is the same 😀 Love the point still
Who gets approved for the mortgage though?
you can have multiple people on a mortgage, so best practice is the ones with the best credit
1/4 of the amount? Is my math off? That would imply its 4 different partners, shouldn’t it be 1/3 ?
You, and 3 other partners equals 4👍