The Mortgage Crisis JUST got Worse.
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- Опубликовано: 6 фев 2025
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The mortgage crisis appears to be worsening. Banks like JP Morgan Chase, Wells Fargo, and others are tightening their mortgage lending standards. In fact, the Mortgage Credit Availability Index (MCAI) fell over 16.1% in March with substantial decreases in credit available for jumbo loans (over 36%) and conventional loans (over 24%) this WHILE rates are at again historic lows.
A tighter mortgage market risks removing substantial demand from the market as less buyers buy leading naturally to softer or lower real estate prices. If mortgage lenders then ALSO continue to force people into ridiculous mortgage forbearance terms, such as requiring payments immediately at the end of the forbearance period (which is a total scam), then the market may fall further. Either way, the magnitude of this decline will be proportional to how long this outbreak lasts. In the mean time, the best thing to do with your money is decide: do you have a deflationary or inflationary outlook? That is, do you believe the Fed is going to keep printing money or not? You have to answer that question first, then decide what's best within that.
Will Real Estate prices fall? Yes. The question is how much. An adjustment or a crash. Last-minute VOEs or verifications of employment aren’t helping either.
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❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a RUclips video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use or license only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575. This is not an advertisement of property for sale. Any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
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I have never been so happy to be a pizza delivery driver at a time like this
Thank you for your offerings!
I'm in NY
Market has been so inflated for easy 3-5 years. This isn't an issue it's letting the air out of the bubble.
Every day you wake up the dollar is becoming more worthless, with all the money printing you lose value. Learn bitcoin.
samp1117 P bitcoin ain’t shit and it will never be a shit 🙂
You don’t need bitcoin if you have death runes ;)
@@ZezimaContra osrs?
nik maknojia Ok.
you bring so much value & deserve much success!!
I bought Disney when it was low. Already a 25% gain. It was obvious they were down because they couldn’t open the parks, but soon as the doors open it will prob go up more. So many no brainer investments can be made during this time...
Kev this info is pure gold.....I just put you on my playlist
Yeaaaaaaaaaaah buddy! I live in my WEDGE DEAL bought it for 285,000 a year ago put 25,000 into it for new flooring, paint and odds/ends just refinanced it lowered my interest rate by 2% and the house appraised for 397,000!!! The house is now worth over 100,000 more than I bought it for! Equity baby!!!
Great job, but pay attention that the Housing market could crash soon. A lot of people will default on their mortgage, and the banks will be left with a lot of properties to sell....
The Apex Entrepreneurs not terribly worried about it we plan on living here for a long time. We can weather any of these short term storms and I expect things to get worse before they get better.
@@ChrisInigma great for you
Too early for bottom prices you need at least a year or Two before people start hating their houses on sale and start dumping them at least 40 percent below today .. stay cash stay on sides until autumn minimum
M1 and Chase are two of the worst brokerages. Please do not use them. M1 can only trade once a day (twice if you pay for a membership). And it takes an hour or more to fill the order, all the while the market is moving. Chase is OK, but does not do premarket or after hours. Use Webull or a traditional brokerage (TD, Schwab, Fidelity). I don't know why he keeps bringing up M1 and Chase.
Even Webull has terrible review like no customer service and slow trade and the free stock is penny stock 2 to 10 bucks. That's why is free.
@@whataname01 Webull is definitely not ideal, but good for some. I'm on the move a lot for work so I keep some $$ in Webull because the mobile platform is pretty good and at least I can get some trading done on the go.
Love what you're doing for the Velocity Banking Community. Keep it up!
I like how you said 2 weeks ago that you didn’t think the market was going to drop.
Nathan Hanlon This. He was just like all the other real estate agents parroting “There wont be a drop”
Nathan Hanlon things changing everyday. That’s why he drops videos daily. Quit being a hater and keep watching like you are now.
Yeah unfortunately most realtors were saying that. I told all my buyers to wait if they could. The unfortunate thing is it will take months for the housing market to actually drop.
Damn bro, that's crazy. I don't remember asking tho
????
Agree!!!! This past 4 weeks I’ve struggled to get a hard money loan. They were all scrambling and kept changing their terms....daily. I had to drop the deal. They end up asking for more cash up front which I couldn’t provide. Very frustrating
Those $800K and $1M will fall 50%. Is way over price. We are heading into depression soon, not recession.
yup. i live in Canada and those people who lives in B.C. and Toronto are gonna have a wake up call
Thanks for sending me 20% of my traffic from this video 😀👍😂
best advice I got in my life. If you need to borrow money, don't.
So what do you do? Save up 300K before you buy a house?
Slow-MOE lol
Lmao
@@slow-moe3518 why not. I save and if I can I will buy a house in cash. Just save.
@@ChrisFernaM because your money can be used to make you more money. Let's say you have 300k and get a mortgage for your 300k house at an interest rate of 4% then invest your money in the stock market and get an avrage 7-12% return in 30 years that 300k in cash you were gunna buy the house with turned into 715k
20% down payment is normal for a residential buy in the UK, we normally have to put down 30-40% for a buy to let/investment property. At the moment most mortgage providers have raised that now to 50% down because of the corona credit crisis after a while it will reduce back down to the normal amounts but it’s worldwide just so the banks can clean up their mortgage portfolios so when the crash comes they aren’t left holding any properties with negative equity. I honestly wish I could move to USA in order to only have to put down 3.5% and the better quality of life/opportunities for business
RUclips *pays youtubers 1/7th in ads*
Kevin *posts 7 videos a day to make up for it*
Canada here...what if your on self-quarantine the week before you close? and the lender does a VOE while you're on self-quarantine? Can they cancel your loan?
That photo of the black air forces is not them buying sneakers it’s a symbol of them preparing to rob whoever got their check 😂😂😂😂
How do you expect home prices to come down if low interest, low down payment credit funding is still widely available? Bottom of the market asset purchasing is for people who already have access to liquid money after a deflationary event. It is not for lenders to buy in on credit. Only the Fed gets to do that. Easy money policy drives asset prices higher, tightening of lending standards is required for prices to normalize (come back down).
Honestly if you do what you propose you WILL be broke. In fact you should be attempting to shed real estate before the market seizes up. Here is why, given we are entering a depression using leverage to own properties and having even one major failure will result in multiple properties being sold off at distressed prices to cover your bankruptcy. BTW this is exactly what happened in 08 and the depression. Your a young guy so I imagine you haven’t had the life experience but I hope you don’t lead all these other people to their financial demise.
Hard to believe how ignorant the population is to the current situation. Obviously it's our government fault.. I just can't believe how many clowns are looking to the govt for assistance. It's all the viruses fault right? Never mind some of us are MORE secure than ever hoping capitalism destroys these idiot's. I am more secure than ever why? Well I paid my debts and took money off the table IN THE GOOD TIMES. All these LTR and STR buying on leverage. If u can't pay your debts time to fork them over
Brandon Kornaker a man with wisdom. I take it you are going to wait till after the young millionaires get liquidated later this year to pick up properties? Or are you going in some other investment sector? It used to be you collected one house at a time and had them paid off before getting your next and retire off the income. I guess the new trend is to get loans like this guy on all and skim off the delta between rents and mortgages. It’s going to be a rough landing when 1/3 of tenants stop paying rent and the government blocks you from evicting.
@@AKatawazi2 100 percent. It's been a challenge but we are still in our starter home we bought in 2010 . Currently we have 4/1 savings/ debt. Our portfolio is concentrated in stocks and cash so looking to diversify wth some real estate. I drive for UPS currently but I am also a stone Mason. My dad taught me everything in construction so 2-3 units is my goal to self manage my wealth. Going to turn this starter to a rental. We finally get to buy the home we deserve to live in and have earned. Once the plan is in place I can hang up the browns.
Brandon Kornaker that is amazing, you are like ahead of 90% of people. I did the same when I was younger living in a triplex and renting out my spare rooms and the other units for like seven years until I could afford my own home. Owning is so much better, and you’ve got the skills so you can build a home, it’s actually not all that hard minus the foundation work which you can subcontract. I suspect land is going to be dirt cheap too soon.
@@AKatawazi2 thank you! Alot of hard work and sacrifice. The tree is beginning to bare fruit at 36 years old but this tree will flourish with years to come! Good luck on your path!
A long time ago I said i was a ludologist. I study games. I predicted many aspects of this crisis. You told me I was 'interesting'. Thanks Kevin. I think you're pretty great guy. Good luck with this crisis. Happy days. : )
I just bought your investing course!!! It’s funny because when I was paying I felt like I already owed you that money for all the knowledge I gained from the free videos you post. Thank you for everything! I’m just 3% done and with the little content I’ve seen it seems like it’s the best money I ever spent. Thank you! The video you did with Graham is how I was first introduced to you. You guys are awesome
Ah thanks Diego! Super nice and sincere of you to say that! Welcome aboard! Next live tomorrow at 9am!
Meet Kevin I’ll be there! Thank you.
What is the best way to short the housing market? Leveraged ETFs are only for really short term, put options? Please make a video on this!
Yikes - plz be careful with leverage ETFs. Short housing? I’d short new construction builders while buying super discounted actual deals myself (wedge deals).
I am torn because I am such a fan but I don't have the money right now, I will be so proud when I can pay
Would a lease option agreement be a good idea right now? Agree to a price at the reduced value during the crisis to be purchased in a few years once I have the capital for a down payment and in the meantime lease the property from the owner and then sublet it out.
I explained it to my friend this "crisis" is bubble like in appearance but much different in practice. I don't really care for the term bubble because it infers that much like a light switch there is an on and off. A bubble and a pop but honestly the 2008 crisis lasted until 2012. You had somewhere around a 3 year long chance to jump in. It's not like hey if you blink you missed it.
As I told my friend I think of the economy more like the ocean. There are all these forces, like the moon, the wind, the time of year etc. that are all affecting it. Now this virus is similar to tsunami. We saw it coming. Now the federal govt. is saying, "Don't be afraid. I got this." and standing in the shallow water with a small wooden sheild....they say hmm maybe this isn't good enough so they get a bigger metal shield. The wave is still going to hit. It's still going to do its damage. You may temporarily prolong some effects but all things have a cause and effect and by messing with one thing it changes another you are or are not aware of. It is for this reason I believe after 1 more month we will start to see people starting a foreclosure process and more people trying to sell their homes. The increase in inventory and the decrease in buyers will cause prices to drop. Just my opinion though but as Kevin says, "Don't sue me bro" lol. I have worked on my credit and got my cash set aside ready to strike and I'll be waiting for the bottom.
By the way I agree with Kevin's logic though. Much like stock market investing real estate investing should always have an upward trend so even if it goes down and you dont buy at the very bottom it should change course and go higher than where it was. My grandparents house they paid 250k for is now over 1million in value just as an example. Rarely if you invest long term do you lose.
Did you factor inflation in on your grandparents home? Try it!
Well house they paid 250k for is now over 1 million -- it is same house, in real terms now you would have to work 4 times longer, it called cost of your labor went down 4 times, or inflation went up 4 times.
Hey man what about for homeowners that might want to refinance? Some believe that the rates will keep going down and others believe it’s already gone down and it’ll keep where it is
A six hundred thousand dollar fixer upper????
We're dead.
My neighborhood is full of them.
I see you probably dont live in Los Angeles.
Perhaps you'd prefer a $!M tear-down?
Hey Kevin - just starting out on RUclips but not with real estate - really enjoy your vids - thank you. Just subscribed! Keep us posted on post covid
Kevin, you’re going HARD on the videos!
Definitely providing some great value in a difficult time 😎
Investing Engineered what are you talking about? This dude has no idea what he is talking about.
@@JonNobleNobelOne and what you suggest?
conexos2007 do exactly the opposite of what he says
HDiddy SD lol you’re still supporting him by commenting!
Investing Engineered he doesn’t make money from comments only from views and Even that is .001 cents Per view
Frankly in my personal opinion lenders/banks should have never approved loans with as little as 0% down for VA and 3.5% down for FHA, if you don't have at least 6.5%-10% cash for a downpayment then frankly you aren't ready and shouldn't be buying a home, new higher down payment requirements would benefit both banks and buyers, what do you guys think?
The whole point of 0 down for a VA is it’s a benefit to serving and the Gov backs the loan
I mean do you really want to close on a house if you just found out you lost your job on the last day? I said the bank is actually doing you a favor
B-b-b-but it's an amazing deal!!!!!
But you can still look for work and do side jobs . Why would you want that
If you had a good deal (equity) with long term section 8 tenants in place and you had over 6 months of reserves in the bank you are going to be very pissed off regardless of your employment status.
@@richardrodriguez9020 that's a whole lot of ifs
@@ChristoherWGray 😔 im being a little specific, but there are deals out there just like this today.
Hey Kevin
If the real estate prices come down can you talk about how this gets priced into rental prices?
E.g., your property goes down by 20% , does rent go down by 20% in lease renewal?
reza2251 rent will go down, but very insignificant compared to the 20% drop in property values (if this happens).
They are not linked linearly. But both will come down as the macro economic tide lowers
Much more important than rents going down is eviction and vacancy costs. IF renter looses job and cannot pay what then??? How long can you cover the nut out of pocket??
Where’s that warm Cali weather? You got 2 jackets on in your house lol
@V K Try the Canoga Park area. Plenty of summer heat, there!
That's how it's been here in Texas for the last couple of years. It's cold from October through April.
Only warm/hot for 4 months.
Many places in CA with great weather. Northern CA has really cold times and really hot times really isn’t CA at all. Central Coast and Southern CA have fantastic weather.
Fellow Santa Barbara resident! Nice video you are a smart guy love your work!
How can you even know if it's a wedged deal when we dont know if the housing market is about to take a crap...
Kyle Kotecha. You don’t. He’s a salesman so TRUST HIM and buy today.
I totally agree with the previous response. Kevin is going to tell you to ignore all of the writing on the wall and keep buying. His content is great but he's a bit naive at times in my opinion. Debt is the reason we're in this mess so you can't keep using debt to get out. Those who depended on debt is screwed once they freeze up credit. You're better off buying food, gold and silver, and protection for the fallout.
Yes, you know that the housing market is about to take a crap.
Plan accordingly.
If you buy and rent out a property and your cash flow is positive enough, who CARES what the property is worth?!
And yes, in many cases you CAN eat positive cash flow...or at least spend that money to put food on the table.
sam jordan. Supply and demand. If the working poor and middle class don’t have jobs, who is renting your overpriced rentals? In a depression people will move to cheaper areas with jobs or move in with family. If your building a business mostly on credit, your building a business on sand. The smallest storm will wash you away.
Hey kev great video as always
Keep it up! Videos everyday, i love it!
Thanks for your hardwork
If I plug the purchase price of a my neighbours house of £37,500 from 1981 into the Bank of England inflation calculator it says it’s 2019 price is £144,826. And yet three months ago they sold it for £475,000. Speculation, greed, uncontrolled buy to let and incompetence within the finance sector have destroyed the housing market
Sure lucky they sold at the top. Also very glad I am not the poor fool who bought three months ago. And anyone who buys today or tomorrow is really asking for a big hit loss.
Mark Pashia unfortunately that’s most of the British population whom bought in the last 15 years, mortgaged to the hilt, no back up income or savings (which has very much been brought to the forefront with covid). If they’re buy to let, they’re maxed out on the mortgage on those too (because most of them where greedy so couldn’t stop at one property, certainly not when banks offered 110% property value self certified loans🙄) and then as equity built up in those properties they re mortgaged to buy even more and the cycle just continued and prices skyrocketed. The hole thing is a disaster on the brink of popping and now the equity release card is being pushed to trick people into keeping it all going. 🤦🏻♂️ on band aid over another band aid on top of another 😬
Buy to let pushers should be considered vermin in the same way drug pushers are, they trade from the same box of tricks
@@firstnamesecondname5341 I have to admit that they can become paper millionaires and they may have fun for a while, but in the end they always end up broke and in bankruptcy court. The lenders always make out on the equity they foreclose upon or get a bailout here in the states. Bottom line is they have enriched somebody in the process of their hard work to reach the paper status. Only way to true wealth is TO INHERIT IT. Just kidding, but you have to work hard and pay as you go. These get rich quick schemes always backfire. LEVERAGE IS THE DEATH OF MOST OF THESE PLANS.
KEVIN FOR PRESIDENT 2028
Glad to hear you saying the only properties worth buying right now are properties you can get for under their evaluation. I'm just about to close on a home in the Ottawa Canada area that I bought for 190K and it was evaluated at around 210K. Still have my job and theres no plans for lay offs. It needs some work but like you said those are the properties you can easily add value to. The locations great so I figure even if property values plunge it will probably only go down 20% in value max. What do you think?
If the demand is going to go down and the supply is going to stay in the same spot, wouldn't that mean that the house prices would go even more down? Wouldn't waiting for the prices to go even more down be a better strategy?
Good strategy imo. During the GFC the S&P500 bottomed in March 2009 while real estate bottomed in late 2011. So we should see stocks recover way before housing bottoms. Long CPT, MPW, ESS, APT and PLD.
As long as you’re pumping out content like this I’m okay with all this free time
KEVIN, Brilliant video, thank you.......no different to UK.
toilet paper is king!
So I'm about to close on a condo right now, home inspection has been done and repair requests have been made, should I go through with the purchase of this property which will reduce my monthly expenses and give me rental income in the future, or should I bail on the deal and lose the money I've currently put up?
I would wait unless that condo is worth less than 100k.
The everything bubble is just starting to deflate. Give it a year or two.
YOU ARE ABSOLUTELY RIGHT!!! Kevin is bias because he has houses to sell and rents to collect!
The problem is the "Major Players" will not be allowed to deflate. Just ask yourself how many zombie banks and zombie corporations just got bailed out????
The problem is, I will pay about 60K in rent in 2 years! Not sure if it's better for me to just buy. That's what concerns me and drives me nuts!
@@Katy809RD use a mortgage amortization calculator and see over 2 years how much you would actually have paid off of your principal and how much money (opportunity cost) you would have to tie up. And most importantly, given the very real risk of price deflations in the coming 2-5 years due to massive job losses, the ensuing personal and corporate bankruptcies, pension funds going bankrupt or defaulting... These are just the tip of the iceberg of what's up on us and Mark my words real estate will get crushed 30-50 percent. This Covid crash bare minimum will reshape the incomes worldwide and as you can see in the US anyone that's lucky enough to keep a job is getting 20+% salary cut. That means the purchasing power will be cut by as much and that would lead to real estate prices along with everything else getting pulled down. The deflation of the bubble is here y'all. Be vigilant and PATIENT.
Exactly
How can you borrow against assets,that now have a lot less equity in them and are a lot more likely to have defaulting tenants in them?and all these great real estate deals now require 25% down.....it’s 2008 all over again,just worse,but shorter.
This guy takes no days off
Daddy Fab Hard for him to sit still and do nothing while wired up on cocaine. Jk. Lol
Making money from these videos too
Take notes 😎
He’s going HARD on the videos
lol youtube rates have fallen and he wants to grow his money streams like we cant tell most of the vids he be pitting out this past few days is all repeated stuff
I'm doing 3 but with some differences.
1) Mainly sticking to index funds and dollar cost averaging with more on red days.
2) I know real estate tends to lag the stock market so I'm thinking the stock market will recover first and prices have yet to be priced into real estate.
3) If the market does really fall 35% from here I'm going to enable margin and you can borrow up to 100% of my money and start buying like crazy.
😂 Uhhh Kevin? I don’t think they meant they’re going to buy black Nike forces with THEIR check...
Buy under market value (depending) upon the state you reside in between 65%-85% market value. Buy and holds are a good strategy. Think long term. Love it!
Kevin, I love your real estate stuff for the most part, especially how prices might get affected, but you should really steer clear of continuing to give advice on stocks. You really are out of your element in this arena. Thanks.
HE IS ONLY GIVING ADVICE TO GET PEOPLE TO CLICK ON HIS AFFILIATE LINKS SO HE MAKE HIS WHILE YOU LOSE YOUR A$$ ETS.
He told people to "buy the dip" when the coronavirus first affected stock prices. Imagine if someone did that and lost 20-40% He has to stop bullshitting on stock and apologize for that "advice".
You are very good at what you do ! Please keep up your good work ! ❤️
Great insights for all three methods! I too think being careful and calculating your real estate deals wills keep you from making bad deals.
Thank you again, Kevin!!
Where I live (TN) all you need is 620 credit score an 3.5% down to buy a house.
Michele Price yeah, except for oh I dunno, Elvis, Kid Rock, Dolly Parton, Taylor Swift, Miley Cyrus, and Kelly Clarkson. And me.....
@Michele Price we love when people believe that. Keeps Tennessee a wonderful place to live.
Michele Price
Plus, the money goes way further down here. A 10,000 square ft home on 4 acres will cost you 500k ish. Prob less in some areas.
TheTroll865 Yeah bro. No. I'm from Miami. Tennessee is a shit hole. A racist one at that. Sorry. 🤷♂️
Michele Price but it’s a picture of me wearing a blonde wig and a breathe right strip
How do u buy a forcloser with 18k down. Don't u have to pay cash up front for the whole amount?
And there it is:
18 years old. Sold enough stock to find a down payment for your first home.
GTFOH. Silver spoon of daddy’s money
How good of a lender is USAA? I'm looking to buy in the North Dallas, Texas area?
Kevin.. you have overpaid for California real estate if this gets really bad. This is why it was always a horrible idea to buy in large quantity there. Just wish RUclips investing channels would keep it real. 🤷🏼♂️
Ryan When RUclips is paying you, you make a profit regardless of you real life investments! Check Hoovies Garage he literally get paid to make bad car investments! But that’s my favorite show 😂
Algie Brodnax lol hoovie is the funniest buying those money pits lmfao.
If you own a house in California, you can almost move to any part of the USA and buy 2 homes... just saying... always trade offs
NBaimf so what is your plan ? Serious question
Ok am i gonna b ok should I get a financial advisor. All my rental properties are paid off except for 2 of them. Will that help me with net worth for loans...will this make it harder to use my networth.. I quess I'm asking is cash better than equity
Personal finance 101:
6-month emergency fund.
100%
60 is better... ;-)
@@chrisnamaste3572 haha yea i think 24 is not bad.
Honestly 18-24 is ideal.
Mike B noPe 12-18 months
All i know is that the big banks are losing opportunities with people wanting to buy a home.
Real estate speculators have driven up the cost of housing everywhere, now they are losing their shirt, welcome to the real world.
I like comment and subscribed for all your hard work on youtube
Don’t believe anybody who doesn’t show their portfolio. He is just a carbon copy of the past jokester.
Johnny C he did a video the other day of stocks he was trading and he showed his account his much he put in , look it up
Kevin, question here, how do you think the construction market would be affected by this(cost and lending), Im planning to build on my 4 acres i bought last year (amazing price) in a year from now.. whats your take
wait, you didnt tell your audience this before the actual crash? or after selling everyone thousand dollar courses, now you tell people btw average joe, im conveniently missing out some very important factors
It's not much better for people with wealth or assets. I modestly have both and I am treated like I just came out of a cardboard box off the street. Banks want you to be able to pay back twice as much as you're wanting to borrow before they will lend to you. They don't care how much money or assets you have. unless you already owe...then they assume you will need to pay back double of that before making the equation. Simple right? They will lend money to those that don't need it.
I see the rate of inflation exploding in a few years. The Fed has no intention to slow down the printing press.
Not years but months...printing presses running on full Blast...
Can’t have inflation with M2 as low as it is and it’s going lower
I live a life of poverty, chastity, and obedience here in the convent. The only thing that I own is a rosary.
I would never use chase as a bank for loans - CREDIT UNIONS ONLY.
ZeeZee TOPIC ..Yup
ZeeZee TOPIC why
What are your feelings about the GI bill For home mortgage
Fed will soon be gone. Central Bank nationalized. Goodbye. Finance Gangsters dropping dead.
So good material
So how long can you last if your renters stop paying rent?
in Houston Texas still has all time high house prices, waiting for them to come down by good chunk.
Shouldn't all the homes destroyed by Hurricane Harvey flooding have a negative impact on those prices?
Steve Pasquarella maybe it was a short while thing everything was again back to normal all time high in housing market
Check the price of oil
They dodged the last bullet but they wont dodge this one
I lost my shirt on my house in the woodlands in 1985
Kevin handling the quartintine by making videos all the time.
Aligned Mortgage of Texas is kicking butt. We're busier than ever. I love this company. The leadership is amazing.
Your rich Keven. May I have a loan? Happy Easter to you and your family..stay well.💕🙏. I bought a stinky house for cheap. Amazing what paint, floors and soap and water can do.
HE DOES NOT HAVE ANY MONEY TO LOAN. HE HAS ASSETS THAT MAY BE WORTHLESS SOON. Even if he has assets of value and is over leveraged the banks may take it all away!!!! SECURED DEBT IS ALWAYS A TRAP YOU CANNOT ESCAPE EVEN IN BANKRUPTCY. Bankruptcy is only a way to get back to zero while broke! It keeps you from going negative while broke.
Hi Kevin, Whats your opinion on Uber at the current price? It was at 14 bucks and i missed that boat, got in at 22. Curious to know your opinion. Thanks for your great, candid, informative channel!
Kelvin The mortgage crisis gotten worst (:. Isn't this the best time to invest heavily and secure the future ....?
Not until it manifests in home prices and/or foreclosures etc.
Haruto Sota yota you’re operating under the assumption this is the bottom. Nothing says that’s right now & with the number of people getting optimistic I’m starting to think another drop is coming.
I’d be really cautious buying anything but gold and silver.
@@ramjamflimflam Why do people swear gold and silver will be the salvation if everything goes to shit? If the economy falls into the worst case scenario gold would be the last thing people want. I wouldn't trade you 10 pounds of gold for a roll of toilet paper if things ever got that bad lol
That's why I cant stand Kevin....he knows that but he has a ego and very sarcastic to throw it in the faces of people who are dying and struggling...fuck kevin....he heartless !!! KRISS KROHN is compassionate and down to earth....fuck this AIR HEAD
I have two investment properties pending w/ rates 2.75 and 10k credit . Both 4 fams with parking in New York . Both under 800. Curious what your thoughts are ?
Kevin, loving all of this diverse content!
I've already been buying stocks, will continue to do so & have plans to pickup another rental by end of the year.
Don’t forget to buy at least one bitcoin like he said, has the potential to be worth 100k, in less than 5 years, it’s a proven technology, and has not been hacked in 10 years
@@alexmel7909 eh, I bought & sold off all my bitcoin years ago.
Beckley Crackers ohh man, too bad, time will prove us wrong/right, all the best to you
We're in Dallas, looking for a 2nd house in the burbs with a better school, have 25%. Nobody is barely budging on price. We both have super stable 6 figure jobs. We even backed out of a deal and ate the inspection and option. Pumping and dumping airline/oil stocks seems the play now and wait for house prices to drop.
Your making $20,000 a month of your RUclips videos. That's how your making it through this.
treezy no way
he made 41 videos in the last 2 weeks lol i wouldn't doubt he's bringing in 100k a month
@Trevor Barnes Next video he says 1 trillion, half the stimulus went to him.
Kevin you should do a team up with VIP financial education channel you and Matt would make a great video. Also the question as far as assets, right now it's totally stock. Liquidity is key in a market like this with banks tightening their belt..
I second this. Matt from VIP has some great insights. It would be a great collaboration.
I skipped the video to the end... I was waiting for the wedge deal sell-a-thon close.
@Meet Kevin . Been watching your videos recently. great content thanks for puttin in the work, glad to have found you. Im in a cash position just kinda waiting / researching how/when to make a move on... something? stocks, real estate, etc.. hard to tell what to do right now and feeling like i missed the train stock wise... as least for the time being with this bounce back. Shout out for Santa Barbara! , thats where I live :D and yea our prices are crazy, but we also live in a bubble that doesnt feel the economic hurt many other places face, and Real Estate is the name of the game here in SB. Im a Real Estate Photographer here. If you do buy a home here and need photo/video/drone done lemme know ;)
hey I'm Kevin here's what I'm doing: levering up in every possible way, what me worry
Only part im confused about is why would you hold gold in a deflationary period? Isnt gold better for an inflationary period?
“Wedge deal” is never going to be a thing, Kevin.
Joshua Fausset 🤣🤣🤣
Everything you said is true. It’s just not as easy for me to identify “wedge deals”, compete against people like yourself with loads of cash, and have the balls to bet everything I own on one property to get started on my “real estate venture”. But if it goes well, there are definitely money to be had in this business. I want to be like you someday.
The FED printing money doesnt necessarily mean inflation. It depends where that printed money is headed.. If it doesnt get into the hands of the common people then deflation it is.. Like following 08, even though they began printing money and QE property valued dipped big time because the common people didnt get bailed out and once again WE get a $1200 dollar check while Big Business, Banks and every billionaire in america who is too big to fail gets bailed out. So deflation hits again in most areas until the banks are forced once again to lend money then we run the risk of run away inflation better known as Hyperinflation!!!
Hey Kevin what's your opinion about opening a business to wire money to different countries, specially Mexico, Central and South America. That was my goal for the beginning of this year. 🤔
Sounds like demand is going to decrease. Prices should start to come down.
I went for a jog today, I don't remember seeing so many 'For Sale' signs before. Are we in buyer's market? In two weeks? How is that possible?
Some of the houses were delayed from when they were scheduled to go up on the market. Some were going to put theirs up right about now, anyway. Some are panic sellers. What the percentage of each sector is, I don't know.
@@EMichaelBall But there was almost no houses on the market before this virus situation. I was looking for some rental property and there was NOTHING decent in Chicago-land that wasn't overpriced. Where do panic sellers go after they sell?
@@piotrs.7189Maybe into a rental unit in the area. Some people may be looking to cash out equity without a refi. Or maybe they're all panic sellers.
Kevin, love your videos you heart me once i'll commit to be a millionaire
boom
The way Fed is printing money, we will all be millionaires soon, that's scary.
Shawn Lin don’t exaggerate so much, we are the number 1 economy our currency is powerful that countries like China devalue their currency to buy ours.
There you go, you got that Kevin heart, you have no excuse now, go out there and kick ass and take names, get that milli status and come back here and flex on ME with your LAMBO. Do it. See you soon killer
Great Info! Happy Easter Kevin!!