Why I hate house flipping | Cashflow vs Capital Gains

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  • Опубликовано: 28 янв 2025

Комментарии • 47

  • @investfourmore
    @investfourmore 3 года назад +7

    We do both. More than 200 flips have helped me buy more than 180k square feet of rentals!

    • @wewillprevail2520
      @wewillprevail2520 3 года назад

      So you use funds from flips to buy more rentals.
      So one flip could equal 2-3 rentals?

  • @blissoneness
    @blissoneness 3 года назад +5

    Hi Ken! My Finance professor would always say, “It’s all about cash flows!” Thank you for providing great content! I am learning so much about real estate strategies and investments. Keep up the great work. 👍

  • @mrentertainmentjay6321
    @mrentertainmentjay6321 3 года назад +4

    I agree with everything!! Excellent video!! I’ve never flipped because I had other streams of income. I’m up to 15 units and I definitely survived during these rough times 💪🏽💪🏽. You are showing everyone the way my brother! 🙌🏽

    • @keepitreal829
      @keepitreal829 3 года назад

      The thing that concerns me is when the government safety net is removed and inflation in food and other staples start to accelerate I think the turnover rate is going to get mind boggling. This time is not like any thing I have seen .will be interesting

  • @-Silly-Willy-0
    @-Silly-Willy-0 3 года назад

    Thank you Ken for being a great teacher and sharing your knowledge with people who are trying to get ahead.

  • @krystaldejaneiro8423
    @krystaldejaneiro8423 3 года назад

    Thanks for walking us through Ken!

  • @youmayberight2434
    @youmayberight2434 3 года назад

    Thank you Ken. I like that it's ok to flip to first get started.

  • @brandon_gentile
    @brandon_gentile 3 года назад

    Awesome content as always Ken!!

  • @Potatoroomr
    @Potatoroomr 3 года назад +1

    Ken you’re the man thank you so much! I honest thought I knew the difference but this was enlightening

  • @Adultremodeling
    @Adultremodeling 3 года назад +1

    Great video!!

  • @duneme
    @duneme 3 года назад

    Ken:
    I agree! I have Rental Houses that are Cash Flowing a Mortgage on a Commercial Rental (which if things go right will be paid off in three years! Which ultimately will increase my Cash Flow!
    Just in the icky time right now!

  • @netlifetoday5193
    @netlifetoday5193 3 года назад

    Ken, please talk about asset protection planning. This is one topic that I think all investors must know.

  • @juanse7844
    @juanse7844 3 года назад +1

    I really admire you and love all the content that you share, i can't wait to start investing very soon to create passive income and retire young.

  • @LeoRamirez_BienesRaices
    @LeoRamirez_BienesRaices 3 года назад

    What a video ! Thanks ! Cheers from Colombia !

  • @bradmesserle999
    @bradmesserle999 3 года назад +1

    Always enjoy the info you provide. What I am noticing is the expense it is taking to keep up a property. You have initial repairs, I think you need to update your strategy to include ongoing repair expenses and tax and insurance expense each year. In my area its about 300 /month for T&I. The hardest part but a big part of cash flow is get your mortgage payment as low as possible. Peace!

    • @andreboddie
      @andreboddie 3 года назад

      If you dont have the cash reserves you cant play the long game

  • @eversunnyguy
    @eversunnyguy 3 года назад

    Good educative video. Cheers.

  • @ashog1426
    @ashog1426 3 года назад +1

    I am saving for my first multi unit

    • @edl8248
      @edl8248 3 года назад

      Are you considering the FHA loan? If you’re able to live in one of the units, you can get 3.5% down payment on up to a 4 unit building. Then can buy another multi unit with the money you were planning on putting down originally.

  • @keepitreal829
    @keepitreal829 3 года назад

    I like the combo flips ,cash flow nice

  • @vincentgonzalez5549
    @vincentgonzalez5549 3 года назад +1

    hello I have a question I'm not sure if you already have a video like this but can you make a video on how to get money to buy this apartments building thank you.

  • @nitinkumar7329
    @nitinkumar7329 3 года назад +2

    Make a video on wholesaling.

  • @mikeurso1260
    @mikeurso1260 3 года назад

    In Illinois you must pay real estate taxes in the rears. Don’t forget to subtract that amount from you net income.

  • @BiffBifford
    @BiffBifford 3 года назад +2

    Ken, I am a new sub to your channel. I am curious to know how you handled the moratorium on rents due to the pandemic? Do renters owe back rent? If so, what arrangements are being worked out? Did the IRS offer you any tax incentives to set aside rents for those who needed it? In California, Gavin Newsom claims he wants to pay some families back rent which I find interesting because those who may have qualified for a moratorium on their rent will get screwed. If you haven't done a video on all things post-pandemic regarding rentals, can you update us on how owners handle back owed rents and the other questions, supra?

  • @jjnjimmy
    @jjnjimmy 3 года назад

    Thank you Ken❣️👍👍👍👍👍

  • @beyondtwieve5180
    @beyondtwieve5180 3 года назад

    Thanks for sharing

  • @elianaposada
    @elianaposada 3 года назад

    Thank you very much for the great content! One question: How is the rent affected once the house appreciates?

  • @alxra
    @alxra 3 года назад

    Ken, can you talk about how the government-mandated renter's moratorium affected your cash flow? Like how big a percentage decline did you suffer, an how many months because the government made it legal for your renters to stop paying rent. Thanks.

  • @Clarinda787
    @Clarinda787 3 года назад

    I'm wondering about the cash flow income for all those property owners who have properties with tenants who were locked down with no income to pay their rents? What about commercial office buildings or restaurants that sat empty during a lockdown and the businesses are now gone forever? Will new businesses spring up quick enough to provide the ability for owners to recover and not lose that cashflow property to repo? This concerns me now that it looks like more lockdowns in the future,

  • @cabls
    @cabls 3 года назад +1

    This is gold

  • @juandermara5621
    @juandermara5621 3 года назад +1

    Hi Ken, im an avid follower of your channel. I just want to know if its still okay to buy a property that negative in cashflow because in our country the average monthly rent is around 0.5% of the property price. And its very difficult to find a positive cashflow unless I wll make the term 20 years. Im targeting 10 years mortgage. Thanks

    • @victorialierheimer1509
      @victorialierheimer1509 3 года назад +1

      Hi! I'f like to chime in here and say that you might consider a thirty year FIXED mortgage. Rates are ridiculously low, inflation is coming, so the low payment you'll get won't change, and will be paid back with diminished value dollars. Kenny, George Gammon and Jason Hartman have a lot to say on the subject.

  • @christopherball9865
    @christopherball9865 3 года назад

    Seems to be getting tougher to cash flow as rents are not keeping up with house price appreciation and mortgage rates are a bit higher…I’m in S. FL. You experiencing the same?

  • @mrrealestatebos
    @mrrealestatebos 3 года назад

    Ken, I Love it. I literally was going to buy a single-family house this month after planning on buying a multi family the last few years so this has stopped me dead in my tracks. Thank you.🙏 I can’t figure out why the mortgage payment is $8,897?

  • @JayYangInspires
    @JayYangInspires 3 года назад +1

    Hi 👋🏼

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 3 года назад +11

    The government loves flippers.

  • @SmallSmartDecicions
    @SmallSmartDecicions 3 года назад +1

    SOLUTION TO REAL ESTATE CRISIS: Canada and USA
    1- Limit the amount of real estate any one individual can purchase. (lets say 2-5 max)
    2- Ban immediately all and any Institutional investment/purchasing of commercial and or residential and any land purchasing.
    3-Completely Ban all Foreign investment in real estate.
    4-Any new Citizens must live in country 3-5 years before allowed to purchase real estate.
    5-End all mortgage backed security

  • @blandon3243
    @blandon3243 3 года назад

    First!

  • @stephanef.2983
    @stephanef.2983 3 года назад

    don't be lazy, take you own notes. Write write and write

  • @richardadler4009
    @richardadler4009 3 года назад

    Looks like you do not have enough time to male those videos now.

  • @osmanxxrngxx1369
    @osmanxxrngxx1369 3 года назад

    first