We want more real estate content. Every once in a while I would like an update on the % of your assets going to real estate, stocks, new stock venture, new real estate venture, crypto and any other thing you have going on. Love it when you present the facts and cite your source’s
RUclips...meet Kevin, Graham, etc, were doing ok before making it big on RUclips, but RUclips is what made them multimillionaires...like liquid multimillionaires. If you believe anything other than this, than you haven't been watching them that long. Both of them were illiquid "millionaires" when they had less subs and viewers. RUclips have paid both of them far more than what their investments paid them. Their biggest investment have been time investment into creating RUclips content. Yeah his real estate content is far better than his stock content. He really doesn't know wtf he's talking half the time...and acts like he's a genius because he used a large portion of his RUclips money to buy TSLA when it was on a rally...like a lot of other people did. Now his real estate knowledge, is way better but he's obviously bored of it.
If someone got a good paying job out of college and maxed out a ROTH 401k and a ROTH IRA every year and got the 7% return referenced in this video, they would be a millionaire in their early 40s with zero debt and tax free growth on their investments. This doesn’t account for company matching, spouse maxing out a ROTH 401k and ROTH IRA, contribution limit increases, income growth, other investment accounts, etc. People lack patience. As Warren Buffet once said, “everyone wants to get rich quick but no one wants to get rich slow”
Sure. You could take 20 years going this route to amass a 7 figure net worth. I completely agree most people lack patience. I struggle with it myself. However, this being a ‘real estate’ focused video by Kevin, I felt I’d pop in here to say that I’m a testament to what a little bit of hard work here and there can do via real estate investing. 😆 In 7 years I literally went from 0 to millionaire due to real estate investing. And currently cash flowing over $4K/month with not that many rentals. While it’s surely not comparable monthly income compared to what one 20 years into the “good” day job would be pulling in, it’s a favorable situation to be in none the less. Andrew Carnegie once pointed out that “Ninety percent of all millionaires become so through owning real estate." Blue Phoenix, you can hold up the 10%, but you might consider joining the 90% squad if you haven’t already. 😉🫡
Completely agree. Real estate all the way. I've invested in stocks and gave it a try but I learned quickly that I wasn't any good at it. Invest in what you know and believe in!
Bought 22k of Apple @ 11.00 now have 1600 shares and only look at about 10 times a year. no payments to make no repairs no collecting rent no time spent at all. pick a winner a get back to work. Tesla my next winner.
This is exactly what my wife and I are doing next year! We're saving for a 5% down payment on a home in SoCal, looking for a fixer upper, I remodeled homes with my dad growing up so we already have the tools and knowledge. We're excited to be first time buyers and learned a lot from this channel, thanks Kevin!
Aww he’s figuring out individual stock picking isn’t easy & that people will say mean things when you tell them to buy at the very very top :( stick to news updates
I used the profit i got from selling Tesla stock to buy my first home. Moved in this past November, 4bed 2bath on 2 acres with water rights. 375k, 4% down, 2.7 fixed 30 year. Have since bought Tesla in the 650s and saving up for another house in the future or investing into Kevin’s series A!! 🤑
Thanks Kevin. Found your channel a year before the pandemic, bought your course on real estate/ property management and gained the confidence to invest. Net Worth has gone up tremendously
In my opinion you can't blindly follow someone but you can take in information from courses such as his and formulate an opinion and proceed from there. Using his course did further my real estate education and has lead to a increase in my wealth.
The only Tenants I have ever had trouble with were the ones that came with the property when I purchased it... The key is absolutely making sure you qualify your tenants... A little extra effort in this step makes for much less head aches in the future...
Proper background and credit checks... Checking References, work history, etc. The work you put in during this step is crucial to protecting your investment.
Oh man totally! Inheriting tenants sucks. My number 1 mission is to get old tenants out. They always have a bad attitude which might be what drove the original seller to sell in the 1st place.
Rule 1 to becoming rich is you need to have a lot of money. And that's only possible if you're already rich, or you borrow a lot of money, i.e. debt. For poor people, real estate is how you can borrow the most money, caveat being it's tied to the real estate property. But nonetheless, there's no where else you're able to borrow multiple six figures.
@@russbilderback you understand he started by taking on a multiple 6 figure mortgage right? And kept taking massive mortgages. That's what borrowing a lot of money is. And that's exactly what he's teaching. It is the fastest most efficient way if you don't already have a lot of money. The only other way is saving.
@@russbilderback did you just read the first sentence and go straight to comment? He specifically said real estate is where you can borrow a lot of money(like Kevin did) with less money down.
My objection is that the deals you are talking about no longer exist. If you can find me any deal for 2k a month at 5% down in a desirable neighborhood it would blow my mind. Those deals don't exist anymore in America, Kevin... Taxes alone out here are $800-$1.5k a month for starter homes...
Theres so many people in aus looking for fixer uppers they are now the same price as newly built houses. There was even one listed with gang graffiti all over the walls and the realestate photos didn’t even try and hide it
Kevin if they bought it for $600k with 5% down and it’s worth $640k, it’s not anywhere near free. That’s a $570k loan that they’re paying $23k/year on in interest at 4%, plus mortgage insurance, plus home insurance, plus property taxes, plus maintenance. Then when you factor in closing costs at the time they actually go to sell, they’re going to be waaayyyy negative! Just saying. I think RE is a great asset if you’re going to rent it. Not necessarily to live in.
Kevin is 100% right about worst case scenario renting it out for under market as long as it’s a very qualified tenant. Negative cash flow isn’t going to kill you especially because the property is still appreciating over time. Beats a vacancy.
Agree, My stock investments need to have at least 4-5x stronger return than my real estate investment to have the same return just because of the power of leveraging 30yr mortgages and all the tax incentives for real estate etc etc.
At the end of the day you have to be comfortable crunching and working with big numbers and knowing things are going to be okay when it comes to real estate.
You rode right past the home I bought in 2009, and lost in 2010. I hate seeing that house, makes me so sad to think of what could have been...I still rent today, haven't recovered from that to buy again...
I agree real estate is the best wealth generator but good dividend paying individual aristocrat stocks are very comparable. Just stay with the sweet spot of 3 to 8% yield
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Wish we had someone like you in the UK, your advice and content in your video's are so true, i did it the long way round, saved up bought 1 st property saved up again bought 2nd property, looking for my third waiting for prices to fall hopefully, never done a property up bought nearly new evreytime, no work no problems. entered the stocks and shares in lock down not knowing where to put my money, wish i hadn't worst thing ive ever done, lost a lot of money still waiting for it to come back up, i will be sticking to what i know in future buying another house as soon as i can. i always listen to your video thank you Kevin.
Real estate is truly the greatest invention known to man. I’ve never seen something double in value the way I’ve seen it in real estate. If you don’t have it, you should work hard to get it, then get more.
Totally agree! House-hacked just over 2 years ago and approaching 1M net worth now; not possible investing in stocks! Would love to hear more about your value-add real estate company.
In my opinion Kevin is if you educate on how to solve worst case scenarios in real estate people wouldnt be so afraid of jumping in. Say for example right now that we may be heading to a massive correction, how would one navigate through that?
This is great, RichDadPoorDad goes into this a little bit, he explains that he only uses money to play with in the stock market. Most of his wealth was built on Real Estate. Thanks Kevin!
When I first saw the title I actually thought about that book. Funny how some people tear it apart while a bunch of wealthy people have credited it with a good level of inspiration for their fortune.
@@bluephoenix4306 Some of his earlier businesses did, and he's done a shady business dealing or two, but his personal net worth is something like $100mil. Lots of business people will have a bankruptcy or two on their record. Not many start out running no problem like a Jeff Bezos or Elon.
The only objection to this video I have is that I don’t know where you’re putting 5% down and buying a house that cash flows or just breaks even rn. I’m in Phoenix and I’ve looked for that instead of renting but I just cannot find anything where the numbers work with a lower down payment
Just like what Kevin said about "Zoom town" places like Boise. Believe it or not, but Phoenix (or anything in Maricopa, Coconino or Yavapai county) is in the same boat. Prices are too high to make it work. Prices need to, and will, come down much harder.
It's amazing how blindly optimistic you can become about an investment opportunity you can become when you happen to emerge into the investing market for that asset right at the beginning of a huge cyclical bull market. It allows you to ignore all the potential risks and the possibility you could ruin your life by investing in a property at the wrong time or just having some bad life event occur where you can't afford your payments and lose everything. Life's all rosy when by pure luck you happen to enter into the market at the perfect time. Everything looks easy. Guys getting in now will not have Kevin's same experience.
This 100%. Housing has been in a huge boom past 10 years. Someone buying stocks at the bottom of a crash would have similar bias. Notice how Kev is always optimistic? I imagine it would be difficult telling others to buy your "amazing" courses if economy isn't doing well. They say a good product sells itself. What does that say about Kev's products that he pushes so hard every video?
I’m not quite following here, he recommends protecting yourself from a potential downturn by buying property under market value, he recommends to avoid refinancing especially in these times, he even admits we are probably at the beginning of a real estate crisis. There are ways to get into real estate while mitigating risk. Preparing for a bear market and buying during that time is one of them. I don’t see this “blind optimism” you speak of.
Some people are just now becoming aware of stocks and the stock market in general; I just wish this happened sooner so that they could start investing sooner. I sometimes feel like it's too late, but here I am, listening to some guy on the internet talk about real estate. haven't even gotten into it don't have the credit or money to buy real estate the world is like a rearview mirror to everyone else in different stages of life
Wife: Charlie. Husband: Yes Honey Wife: That guy is riding around the neighborhood talking to himself with the red mic in his hand again. Husband: I told you if you let the dog out he'll stop. Wife: That's not nice honey. Oh boy he flipped then flopped on that Segway but he's okay 👍.
Kevin left out the cost of the mortgage. Mortgage insurance is a fee you pay if you are worried about default. The price of the mortgage on 95% at 3% is a lot of money. Kevin makes it sound like it doesn’t cost anything. But it does.
KEVIN. I've been watching your videos on a daily basis since the PRE COVID PANDEMIC, when you probably still had a 6 figure following on RUclips. Man times have changed. A couple years later a whopping almost 2 million SUBSCRIBERS. Congrats. Your videos honestly helped me through my Real Estate journey through the pandemic by following your advise not to sell the property I purchased during that time. I just closed on 2 more properties that I purchased recently and I've learned so much from watching your videos. My goal for the upcoming year is to be a first time LANDLORD by acquiring rental properties to build on my journey to Financial Freedom. I can't THANK YOU enough for all the advise you've given me through the years, so please keep pumping out those meetKEVIN videos.
I love videos about how the average person can build wealth through real estate. You asked if I want to see videos about your startup. If it's a real estate syndication, the answer is no. Bring the old noob vs pro renovation videos back please.
Blah blah blah excuses excuses. If this isn’t your thing why are you here on the channel? Go build wealth another way. Childish approach to this matter
You nailed it Kevin. I’ve been trying to learn more about stock trading and it dawned on me that real estate is superior as an asset class. I used to flip houses. Understanding and managing real estate is so much easier than dealing with stocks and the stock market. Unfortunately I made tons of mistakes and went bankrupt, but it was due to business inexperience and business mistakes trying to build a large flip operation. Real estate wasn’t the problem.
Here's another tip: ditch Jeremy Lef-LooooSEER's channel. So shady and hides like a boy instead of tackling his pettiness with Kevin. Kevin has made mistakes, but no one can ever say that he hasn't hid like a boy. He went up against his criticizers, AND he has changed. He has learned. He has grown. Jeremy is apparently one of the oldest financial channels? Well, no surprise why his subs and views are no where near these "young guns". Even Andrei has blown past his channel, and he is the newest of them all!!!
Kevin ITIN investor for 1st time home owner is only 15-20% down its alot $$$ all l have will go to real-state should l sell all my stocks and get into a house??????
The ONLY reason this Kevin got into stocks in the first place is because he found that it gets him very valuable (personal finance) attention on RUclips which is heavily monetizable (good ad targets) - goldmine. He didn't do it to make money in the market, he did it to make money off of you. Let that sink in. Think about it: he has learnt the art of spinning narratives, so he can "explain" why something happened a certain way in the markets. And he calls that "teaching". He can't teach you to predict what'll happen in the markets. All he can do is spin stories around what has happened and entertain you. That's what his courses do. And you end up being a milked cash cow. And his RUclips feed will always be cherry picked to show past clips that turned out fortuitous in the future (while the other clips are hidden). Don't fall for it. It's not just him - Jeremy, Graham etc are all in on this grifting.
It’s not grifting. He shares his opinions, similar to Bloomberg and other finance media. If he’s grifting, all of them are grifters. As for the courses, the stock course is for people that like his analysis style, which we can all see for free on his videos. It gives people more access to his mind IF it’s something their interested in. There’s nothing misleading about that. It’s not for someone like you or me, but for people that like/agree with his opinions and want more, it’s there for them to buy. He doesn’t promise anything more than that. He doesn’t guarantee a specific return on investment, and he doesn’t even recommend people follow what he does. The real estate courses are where the real value is imo. He’s an expert in that field, being an experienced real estate broker and managing 20+ rental properties. That’s a course I would buy when I’m ready to build wealth through real estate.
@@weswalks8449 agreed about real estate - that is true value from his learned experiences 💯. But on stocks he is preying on people. The implied expectation doesn’t match the delivery. Conning. Grifting. That’s what got him into stocks, he wasn’t a stock expert before he started talking about it on RUclips. REMEMBER: the people are here not primarily for his opinions - he is not a celebrity, they are here for knowledge and skill learning. They are being scammed and being sold entertainment packaged as learning. Grifting.
There’s two long-tail risks. 1) you can’t make the mortgage payment and a Great Recession eviscerates your equity. 2) The monetary system collapses and the mortgage system along with it. Both of these risks are increasing every year.
The leverage risk in real estate is systemic. When the declining interest rates environment which has been in place since Volker comes to an end with a monetary reset then real estate plummets to cash prices. A massive depression wipes everyone out. Monetary reset at very, very high market interest rates. It’s a societalcide wipeout. Imagine local governments to increase property taxes to insane percentage levels to make up for short falls. The legislated caps in many States apply only to the aggregate nominal assessed tax not a cap on the percentage assessed.
I bought a fixer upper for 50k that I had to rebuild the corner of the house... its beside one of the most beautiful beaches on the east coast of Canada and it took me 2 months to fix the corner of the house alone... septic and well included in the price plus a shed with tons of building materials... the house is 100 years old buy my mortgage is 200$ in todays market with a variable rate... I will lock in a super low fixed rate after the crash nad use my spare cash im making 85k a year im gona put towards more real-estate / air bnb's near the beach. thoughts?
I do believe in both real estate and stocks. But comparing them like in the video is like comparing apples to oranges. They're not the same. Both real estate and stocks are subject to their own market fluctuations. I do agree you may have control over what to do on a property rather than no control over a company, but the house is still subject to the market. Adding renovations to increase the value of a home cannot guarantee that you'll get what the appraisal is, the market is not that liquid. Additionally, housing involves mortgages, which is a "safer" form of leverage. Not everyone is as comfortable to go into margin (leverage) on stocks as they do with housing as it has been marketed as safer, yet you see people being house poor due to over leverage. Nevertheless, I do believe you need both as part of a portfolio. Keep up the good work. I enjoy your videos. I like to see people DIY a skill and become proficient like you've done.
You can buy any asset and if the monetary climate is accomodating there is no way down. It is times like these when the investing is more challenging! Lfg!
Keeping my eyes on the prize. Thanks for all the advice. A video you made a long time ago talked about how to keep on looking to make your next 10k and to keep grinding. I think about that when I'm being lazy. What would Kevin do, look for another 10k that's what he would do
The weather is literally all you can brag about when it comes to Cali and even then there’s so many wildfires and smog it’s debatable whether it’s really the best state in the us in terms of that
Only take advice from people talking from experience. So many people give advice on things they have not direct experience from. Also what kind of person are you? Are you willing to work as hard as it takes to make it right? Every decision you make is wrong, it's up to you to make it right.
I surely did not become a millionaire from my RUclips channel over 11 years. Not even a thousandaire even with over 1.7 million views. We are going to sell a house and my girlfriend is going to loan me the money to buy my first apartment building that might be able to make me happy millionaire in for five year should I live that long I wish I had thought about it 45 years ago when we first met I am 70 but I won’t have to live in a roasting non-air-conditioned apartment and I will have a pool.
This is in response to Jeremy stupid coded video called Meet Kevin but then trying to only talk about Micheal Burry. Jeremy need to be ignored while he sits in his Kitchen and eats all the Tattooed chef. He is bent up around drama cause he knows it gives him views. He's mad his stock picks haven't looked good, his app was a failure he should have seen before starting. Keep up the awesome work Kevin, IGNOrE PETTY HatErs!!
@@nationsnumber1chump idk dude. If that was the case, pretty sure Kevin would've addressed it. But instead he is using his brain and denying Jeremy any further views by using his name.
Maybe I'd believe they were in cahoots if millennial money was around and tension hasn't always played out between Jeremy & him. I'm on my third house doing 5% as Kevin has taught and it's built us wealth I haven't bought Kevin's course but I credit him for showing me how it can work
Man i would love to look out my window and see Kevin rolling around on a Segway talking into a microphone 🤣
Literally this would be the ONLY reason I'd ever consider moving to California!
We want more real estate content. Every once in a while I would like an update on the % of your assets going to real estate, stocks, new stock venture, new real estate venture, crypto and any other thing you have going on. Love it when you present the facts and cite your source’s
RUclips...meet Kevin, Graham, etc, were doing ok before making it big on RUclips, but RUclips is what made them multimillionaires...like liquid multimillionaires. If you believe anything other than this, than you haven't been watching them that long. Both of them were illiquid "millionaires" when they had less subs and viewers. RUclips have paid both of them far more than what their investments paid them. Their biggest investment have been time investment into creating RUclips content. Yeah his real estate content is far better than his stock content. He really doesn't know wtf he's talking half the time...and acts like he's a genius because he used a large portion of his RUclips money to buy TSLA when it was on a rally...like a lot of other people did. Now his real estate knowledge, is way better but he's obviously bored of it.
If someone got a good paying job out of college and maxed out a ROTH 401k and a ROTH IRA every year and got the 7% return referenced in this video, they would be a millionaire in their early 40s with zero debt and tax free growth on their investments. This doesn’t account for company matching, spouse maxing out a ROTH 401k and ROTH IRA, contribution limit increases, income growth, other investment accounts, etc.
People lack patience. As Warren Buffet once said, “everyone wants to get rich quick but no one wants to get rich slow”
ask kevin if he would rather have $10M in a Roth IRA or $5M in rent paying properties. can't buy a segway with a roth IRA.
Sure. You could take 20 years going this route to amass a 7 figure net worth. I completely agree most people lack patience. I struggle with it myself. However, this being a ‘real estate’ focused video by Kevin, I felt I’d pop in here to say that I’m a testament to what a little bit of hard work here and there can do via real estate investing. 😆
In 7 years I literally went from 0 to millionaire due to real estate investing. And currently cash flowing over $4K/month with not that many rentals. While it’s surely not comparable monthly income compared to what one 20 years into the “good” day job would be pulling in, it’s a favorable situation to be in none the less.
Andrew Carnegie once pointed out that “Ninety percent of all millionaires become so through owning real estate."
Blue Phoenix, you can hold up the 10%, but you might consider joining the 90% squad if you haven’t already. 😉🫡
Old Kevin is back! I use to love watching your real estate videos!
Completely agree. Real estate all the way. I've invested in stocks and gave it a try but I learned quickly that I wasn't any good at it. Invest in what you know and believe in!
Bought 22k of Apple @ 11.00 now have 1600 shares and only look at about 10 times a year. no payments to make no repairs no collecting rent no time spent at all. pick a winner a get back to work. Tesla my next winner.
Thanks for being so transparent Kevin I don't think other millionaires are so transparent as you are.
The best advice is don't drink and drive
This is exactly what my wife and I are doing next year! We're saving for a 5% down payment on a home in SoCal, looking for a fixer upper, I remodeled homes with my dad growing up so we already have the tools and knowledge. We're excited to be first time buyers and learned a lot from this channel, thanks Kevin!
Aww he’s figuring out individual stock picking isn’t easy & that people will say mean things when you tell them to buy at the very very top :(
stick to news updates
I used the profit i got from selling Tesla stock to buy my first home. Moved in this past November, 4bed 2bath on 2 acres with water rights. 375k, 4% down, 2.7 fixed 30 year. Have since bought Tesla in the 650s and saving up for another house in the future or investing into Kevin’s series A!! 🤑
These insane 200k wedge deals are fiction where it only takes 20k to rehab. Cmon man.
Thanks Kevin. Found your channel a year before the pandemic, bought your course on real estate/ property management and gained the confidence to invest. Net Worth has gone up tremendously
But somehow people are convinced he’s a grifter/scammer. Are you saying his courses actually helped you make money? Who would’ve thought
In my opinion you can't blindly follow someone but you can take in information from courses such as his and formulate an opinion and proceed from there. Using his course did further my real estate education and has lead to a increase in my wealth.
Bro you're riding a segway around your neighborhood talking to a camera, by yourself, with a mic 🤣
Fkn legend!
Take my $$$$ spam bots!
The only Tenants I have ever had trouble with were the ones that came with the property when I purchased it... The key is absolutely making sure you qualify your tenants... A little extra effort in this step makes for much less head aches in the future...
Same here!! But they were the reason we get these deals!!
please elaborate on "little extra effort". Thank you.
Proper background and credit checks... Checking References, work history, etc. The work you put in during this step is crucial to protecting your investment.
Tenants are sneaky. They could seem like the most professional and nice people while at the same time slinging crack out of their unit
Oh man totally! Inheriting tenants sucks. My number 1 mission is to get old tenants out. They always have a bad attitude which might be what drove the original seller to sell in the 1st place.
love you bruh appreciate all you do for us helping to grow our wealth and not work to pay taxes
The fact that Kevin doesn’t even have 2 million followers is mine blowing. Kevin you should do a Mr. beast style videos.
Imagine looking out your window and seeing some dude on a hover board spin around and talk into mic filming a video lol
Rule 1 to becoming rich is you need to have a lot of money.
And that's only possible if you're already rich, or you borrow a lot of money, i.e. debt.
For poor people, real estate is how you can borrow the most money, caveat being it's tied to the real estate property.
But nonetheless, there's no where else you're able to borrow multiple six figures.
@@JahonCross is bogus.
You do NOT need to start with a lot of money to become rich.
And Kevin's a good example of that.
@@russbilderback you understand he started by taking on a multiple 6 figure mortgage right? And kept taking massive mortgages.
That's what borrowing a lot of money is. And that's exactly what he's teaching. It is the fastest most efficient way if you don't already have a lot of money. The only other way is saving.
@@russbilderback did you just read the first sentence and go straight to comment? He specifically said real estate is where you can borrow a lot of money(like Kevin did) with less money down.
Bring back end of vid soundtrack please …iconic
My objection is that the deals you are talking about no longer exist. If you can find me any deal for 2k a month at 5% down in a desirable neighborhood it would blow my mind. Those deals don't exist anymore in America, Kevin... Taxes alone out here are $800-$1.5k a month for starter homes...
The same can be said about losing your ass I’m real estate. It’s not all sunshine and rainbows
Believe it or not, Kevin was gliding throughout the whole neighborhood
Theres so many people in aus looking for fixer uppers they are now the same price as newly built houses. There was even one listed with gang graffiti all over the walls and the realestate photos didn’t even try and hide it
Great video! Excited to start buying this upcoming year
Kevin I would really love a job. I’ve worked construction and helped my stepdad with real estate since I was 12. I’m 24 now.
Kevin if they bought it for $600k with 5% down and it’s worth $640k, it’s not anywhere near free. That’s a $570k loan that they’re paying $23k/year on in interest at 4%, plus mortgage insurance, plus home insurance, plus property taxes, plus maintenance. Then when you factor in closing costs at the time they actually go to sell, they’re going to be waaayyyy negative! Just saying.
I think RE is a great asset if you’re going to rent it. Not necessarily to live in.
Yeah, that was a weird statement. He’s still mostly right in this video though.
Kevin is 100% right about worst case scenario renting it out for under market as long as it’s a very qualified tenant. Negative cash flow isn’t going to kill you especially because the property is still appreciating over time. Beats a vacancy.
Agree, My stock investments need to have at least 4-5x stronger return than my real estate investment to have the same return just because of the power of leveraging 30yr mortgages and all the tax incentives for real estate etc etc.
You have like $ 500,000 worth of Tesla stock right?! and an Airbnb?
@@bitterdogwalkers9907 yup
At the end of the day you have to be comfortable crunching and working with big numbers and knowing things are going to be okay when it comes to real estate.
Marry a rich woman, work for her father, pretend you did it all yourself like Kevin!
You rode right past the home I bought in 2009, and lost in 2010. I hate seeing that house, makes me so sad to think of what could have been...I still rent today, haven't recovered from that to buy again...
I love it when you speak on Real Estate I miss this Kevin lol !
*More real estate videos please*
I agree real estate is the best wealth generator but good dividend paying individual aristocrat stocks are very comparable. Just stay with the sweet spot of 3 to 8% yield
True stuff. The TLDR: Real estate is the best rule for becoming a millionaire.
Can get started easier w/ stocks, but returns are slower.
Love the real estate videos Kevin!
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THIS IS THE TYPE OF CONTENT YOU HAVE TO KEEP DOING DUDE!!!!!! 💪🏻
I just bought my first property a month ago, one of my biggest mistakes was not buying sooner
Can confirm…my dad is a landlord and you will indeed get a used dishwasher that’s bounced around multiple other rental properties
The insight in this video is EXACTLY what we need more of! Thank you for this video.
home values dont increase as fast in Detroit, my house increased from $600k to $1M over 20 years which is about 3% a year.
The Detroit metro area population has continuously decreased over the past 20 years, so that probably has something to do with it
Here you can see an "clean" version of green goblin gliding all over neighborhood :D
Wish we had someone like you in the UK, your advice and content in your video's are so true, i did it the long way round, saved up bought 1 st property saved up again bought 2nd property, looking for my third waiting for prices to fall hopefully, never done a property up bought nearly new evreytime, no work no problems. entered the stocks and shares in lock down not knowing where to put my money, wish i hadn't worst thing ive ever done, lost a lot of money still waiting for it to come back up, i will be sticking to what i know in future buying another house as soon as i can.
i always listen to your video thank you Kevin.
Real estate is truly the greatest invention known to man. I’ve never seen something double in value the way I’ve seen it in real estate. If you don’t have it, you should work hard to get it, then get more.
LOL, I know exactly where you are. I ride my bike/run through that neighborhood all the time. We're practically neighbors.
Irony of you bringing up rich dad is that hes been saying the complete opposite of what you have been saying last 2 years
Yeah unfortunately MeetKevin is still learning and his viewers are suffering because of it
Exactly
Totally agree! House-hacked just over 2 years ago and approaching 1M net worth now; not possible investing in stocks! Would love to hear more about your value-add real estate company.
In my opinion Kevin is if you educate on how to solve worst case scenarios in real estate people wouldnt be so afraid of jumping in. Say for example right now that we may be heading to a massive correction, how would one navigate through that?
This is great, RichDadPoorDad goes into this a little bit, he explains that he only uses money to play with in the stock market. Most of his wealth was built on Real Estate. Thanks Kevin!
When I first saw the title I actually thought about that book. Funny how some people tear it apart while a bunch of wealthy people have credited it with a good level of inspiration for their fortune.
Didn’t he go bankrupt?
@@bluephoenix4306 Some of his earlier businesses did, and he's done a shady business dealing or two, but his personal net worth is something like $100mil. Lots of business people will have a bankruptcy or two on their record. Not many start out running no problem like a Jeff Bezos or Elon.
Gross throw that book in the trash
@@bluephoenix4306 you’re probably thinking of Dave Ramsey
The only objection to this video I have is that I don’t know where you’re putting 5% down and buying a house that cash flows or just breaks even rn. I’m in Phoenix and I’ve looked for that instead of renting but I just cannot find anything where the numbers work with a lower down payment
Just like what Kevin said about "Zoom town" places like Boise. Believe it or not, but Phoenix (or anything in Maricopa, Coconino or Yavapai county) is in the same boat. Prices are too high to make it work. Prices need to, and will, come down much harder.
My guess would be if you buy the home under market value, fix it up, then you can charge market rent and keep the old mortgage.
The market has gone up over 10% since the day Michael Burry said it would drop 50%. Hopefully it can at least maintain where it’s at.
Housing is too expensive now unless you have millions to buy up houses.
It's amazing how blindly optimistic you can become about an investment opportunity you can become when you happen to emerge into the investing market for that asset right at the beginning of a huge cyclical bull market. It allows you to ignore all the potential risks and the possibility you could ruin your life by investing in a property at the wrong time or just having some bad life event occur where you can't afford your payments and lose everything. Life's all rosy when by pure luck you happen to enter into the market at the perfect time. Everything looks easy. Guys getting in now will not have Kevin's same experience.
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This 100%. Housing has been in a huge boom past 10 years. Someone buying stocks at the bottom of a crash would have similar bias. Notice how Kev is always optimistic? I imagine it would be difficult telling others to buy your "amazing" courses if economy isn't doing well. They say a good product sells itself. What does that say about Kev's products that he pushes so hard every video?
I’m not quite following here, he recommends protecting yourself from a potential downturn by buying property under market value, he recommends to avoid refinancing especially in these times, he even admits we are probably at the beginning of a real estate crisis. There are ways to get into real estate while mitigating risk. Preparing for a bear market and buying during that time is one of them. I don’t see this “blind optimism” you speak of.
I really like the encouragement that you provide to people through your videos.
Please Kevin, MORE REAL ESTATE content! You're old content explained the "How" which we don't get much anymore. Keep up the hardwork.
Because the newer videos that teach nothing of value pay him way more.
Some people are just now becoming aware of stocks and the stock market in general; I just wish this happened sooner so that they could start investing sooner. I sometimes feel like it's too late, but here I am, listening to some guy on the internet talk about real estate. haven't even gotten into it don't have the credit or money to buy real estate the world is like a rearview mirror to everyone else in different stages of life
Wife: Charlie.
Husband: Yes Honey
Wife: That guy is riding around the neighborhood talking to himself with the red mic in his hand again.
Husband: I told you if you let the dog out he'll stop.
Wife: That's not nice honey. Oh boy he flipped then flopped on that Segway but he's okay 👍.
Let's talk now ✍️✍️
Kevin left out the cost of the mortgage. Mortgage insurance is a fee you pay if you are worried about default. The price of the mortgage on 95% at 3% is a lot of money. Kevin makes it sound like it doesn’t cost anything. But it does.
KEVIN. I've been watching your videos on a daily basis since the PRE COVID PANDEMIC, when you probably still had a 6 figure following on RUclips. Man times have changed. A couple years later a whopping almost 2 million SUBSCRIBERS. Congrats. Your videos honestly helped me through my Real Estate journey through the pandemic by following your advise not to sell the property I purchased during that time. I just closed on 2 more properties that I purchased recently and I've learned so much from watching your videos. My goal for the upcoming year is to be a first time LANDLORD by acquiring rental properties to build on my journey to Financial Freedom. I can't THANK YOU enough for all the advise you've given me through the years, so please keep pumping out those meetKEVIN videos.
I love videos about how the average person can build wealth through real estate. You asked if I want to see videos about your startup. If it's a real estate syndication, the answer is no. Bring the old noob vs pro renovation videos back please.
1. Have a millionaire parent.
2. Have them give you money & access aka millionaire letting you use their credit, social capital, connections, etc.
Lol pretty much
All about the opportunity being handed to you, so you can hit the ground running when you start your journey.
Blah blah blah excuses excuses. If this isn’t your thing why are you here on the channel? Go build wealth another way. Childish approach to this matter
Money can't buy honesty, style or humility by the looks of things.
You nailed it Kevin. I’ve been trying to learn more about stock trading and it dawned on me that real estate is superior as an asset class. I used to flip houses. Understanding and managing real estate is so much easier than dealing with stocks and the stock market. Unfortunately I made tons of mistakes and went bankrupt, but it was due to business inexperience and business mistakes trying to build a large flip operation. Real estate wasn’t the problem.
Realestate can make you more but you need to work hard and have more money to start. Stocks is the opposite. Im inpartial and invest in both
Here's another tip: ditch Jeremy Lef-LooooSEER's channel. So shady and hides like a boy instead of tackling his pettiness with Kevin.
Kevin has made mistakes, but no one can ever say that he hasn't hid like a boy. He went up against his criticizers, AND he has changed. He has learned. He has grown.
Jeremy is apparently one of the oldest financial channels? Well, no surprise why his subs and views are no where near these "young guns".
Even Andrei has blown past his channel, and he is the newest of them all!!!
The 1st of the month hits different when you own rental properties.
I get the feeling Kevin is going to try and MLM real estate
Kevin ITIN investor for 1st time home owner is only 15-20% down its alot $$$ all l have will go to real-state should l sell all my stocks and get into a house??????
This video is a great example why the system is broken, and how the haves and have nots will be even further apart.
As of 2021 NAR came out with a study that Homeowners had a Net Worth of around $300,000 compared to renters at $8,000
The ONLY reason this Kevin got into stocks in the first place is because he found that it gets him very valuable (personal finance) attention on RUclips which is heavily monetizable (good ad targets) - goldmine. He didn't do it to make money in the market, he did it to make money off of you. Let that sink in.
Think about it: he has learnt the art of spinning narratives, so he can "explain" why something happened a certain way in the markets. And he calls that "teaching". He can't teach you to predict what'll happen in the markets. All he can do is spin stories around what has happened and entertain you. That's what his courses do. And you end up being a milked cash cow. And his RUclips feed will always be cherry picked to show past clips that turned out fortuitous in the future (while the other clips are hidden). Don't fall for it. It's not just him - Jeremy, Graham etc are all in on this grifting.
It’s not grifting. He shares his opinions, similar to Bloomberg and other finance media. If he’s grifting, all of them are grifters. As for the courses, the stock course is for people that like his analysis style, which we can all see for free on his videos. It gives people more access to his mind IF it’s something their interested in. There’s nothing misleading about that. It’s not for someone like you or me, but for people that like/agree with his opinions and want more, it’s there for them to buy. He doesn’t promise anything more than that. He doesn’t guarantee a specific return on investment, and he doesn’t even recommend people follow what he does. The real estate courses are where the real value is imo. He’s an expert in that field, being an experienced real estate broker and managing 20+ rental properties. That’s a course I would buy when I’m ready to build wealth through real estate.
@@weswalks8449 agreed about real estate - that is true value from his learned experiences 💯. But on stocks he is preying on people. The implied expectation doesn’t match the delivery. Conning. Grifting. That’s what got him into stocks, he wasn’t a stock expert before he started talking about it on RUclips. REMEMBER: the people are here not primarily for his opinions - he is not a celebrity, they are here for knowledge and skill learning. They are being scammed and being sold entertainment packaged as learning. Grifting.
This is one of your best videos this year. Thank you for that positive affirmation to move forward with real estate.
There’s two long-tail risks. 1) you can’t make the mortgage payment and a Great Recession eviscerates your equity. 2) The monetary system collapses and the mortgage system along with it. Both of these risks are increasing every year.
The leverage risk in real estate is systemic. When the declining interest rates environment which has been in place since Volker comes to an end with a monetary reset then real estate plummets to cash prices. A massive depression wipes everyone out. Monetary reset at very, very high market interest rates. It’s a societalcide wipeout. Imagine local governments to increase property taxes to insane percentage levels to make up for short falls. The legislated caps in many States apply only to the aggregate nominal assessed tax not a cap on the percentage assessed.
I bought a fixer upper for 50k that I had to rebuild the corner of the house... its beside one of the most beautiful beaches on the east coast of Canada and it took me 2 months to fix the corner of the house alone... septic and well included in the price plus a shed with tons of building materials...
the house is 100 years old buy my mortgage is 200$ in todays market with a variable rate... I will lock in a super low fixed rate after the crash nad use my spare cash im making 85k a year im gona put towards more real-estate / air bnb's near the beach.
thoughts?
So when moon??? 😂😂😂😂 I feel a “I flipped” “Fuk up” or “I Sold it All” video coming out soon! 😂😂😂😂
Let's talk now ✍️✍️
I do believe in both real estate and stocks. But comparing them like in the video is like comparing apples to oranges. They're not the same. Both real estate and stocks are subject to their own market fluctuations. I do agree you may have control over what to do on a property rather than no control over a company, but the house is still subject to the market. Adding renovations to increase the value of a home cannot guarantee that you'll get what the appraisal is, the market is not that liquid. Additionally, housing involves mortgages, which is a "safer" form of leverage. Not everyone is as comfortable to go into margin (leverage) on stocks as they do with housing as it has been marketed as safer, yet you see people being house poor due to over leverage.
Nevertheless, I do believe you need both as part of a portfolio. Keep up the good work. I enjoy your videos. I like to see people DIY a skill and become proficient like you've done.
Let's talk now ✍️✍️
You can buy any asset and if the monetary climate is accomodating there is no way down. It is times like these when the investing is more challenging! Lfg!
Keeping my eyes on the prize. Thanks for all the advice. A video you made a long time ago talked about how to keep on looking to make your next 10k and to keep grinding. I think about that when I'm being lazy. What would Kevin do, look for another 10k that's what he would do
The weather is literally all you can brag about when it comes to Cali and even then there’s so many wildfires and smog it’s debatable whether it’s really the best state in the us in terms of that
Best rule is not to drink and drive and get caught by police.
Love to see more rei info.
Your best content.
Would also like to share my strategy with you about getting tenants to request a rent increase.
Burr is the best way but u need a low interest
environment
20k? to fix it up. Have you seen the cost of things, lumber....ect ect. Not realistic.
Is now a good time to buy a rental property?
how can I buy a house with a mortgage with no income/unemployed but have assets for collateral
What if you have the money but your an overseas private contractor and or having a traveling career/lifestyle?
Grant cardone has a commercial on this video lol. Ironic for sure
Unfortunately stocks are my only avenue to be able to afford property in the future
Only take advice from people talking from experience. So many people give advice on things they have not direct experience from. Also what kind of person are you? Are you willing to work as hard as it takes to make it right? Every decision you make is wrong, it's up to you to make it right.
5% down and mortgages for 30years? Jesus... 15% minimum here plus max 10years
Great video. Thanks for the encouragement. Hey, what are you cruising around on? What kind of thing is that it’s not a skateboard? What’s it called?
Good to see you enjoying yourself again
Missed these videos kev
Real Estate should be one's main investment, for sure! Great video...
I surely did not become a millionaire from my RUclips channel over 11 years. Not even a thousandaire even with over 1.7 million views.
We are going to sell a house and my girlfriend is going to loan me the money to buy my first apartment building that might be able to make me happy millionaire in for five year should I live that long I wish I had thought about it 45 years ago when we first met I am 70 but I won’t have to live in a roasting non-air-conditioned apartment and I will have a pool.
Thanks so much Kevin for the real estate videos. I'm curious of what are your thoughts on short term vs Long term rental real estate investment.
GREAT R.E. INSIGHT, KEVIN; BONUS FOOTAGE OF BABY BOY JACK, THE BEST PART!!
Love this one Kevin. Inspiring - i needed this little kick. Thank you.
This is in response to Jeremy stupid coded video called Meet Kevin but then trying to only talk about Micheal Burry. Jeremy need to be ignored while he sits in his Kitchen and eats all the Tattooed chef. He is bent up around drama cause he knows it gives him views. He's mad his stock picks haven't looked good, his app was a failure he should have seen before starting. Keep up the awesome work Kevin, IGNOrE PETTY HatErs!!
Exactly
@@nationsnumber1chump idk dude. If that was the case, pretty sure Kevin would've addressed it. But instead he is using his brain and denying Jeremy any further views by using his name.
Maybe I'd believe they were in cahoots if millennial money was around and tension hasn't always played out between Jeremy & him. I'm on my third house doing 5% as Kevin has taught and it's built us wealth I haven't bought Kevin's course but I credit him for showing me how it can work
Yah the app was a weird idea. Literally a worse version of apps that already existed I don't get what he was thinking.
THEYS IN CAHOOTS!!