How to Invest in Real Estate in 2024 (Step by Step for Beginners)
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- čas přidán 28. 06. 2024
- 1️⃣ ✅ 🌟 June 21-23 Millionaire Symposium: events.meetkevin.com/ 2️⃣ ✅ 🚨 Kevin's Courses on Wealth (Real Estate, Stocks, Productivity): meetkevin.com 3️⃣ ✅ 🏘️ Real Estate Startup: househack.com/2024 4️⃣ ✅ 🎥 Market Open Live: @MeetKevinLive 5️⃣ ✅ 💎 eHack News at eHack.com 6️⃣ ✅ 📰 My Daily Newsletter: meetkevin.com/daily
How to invest in real estate (step by step)
00:00 Intro
01:38 Getting Started
02:42 The Location
12:43 Meet Kevin
13:40 Renovations
17:00 LLCs & Insurance
19:32 More Renovation
26:58 Formula for Wealth
30:30 Landlording
35:00 Not Paying Taxes
40:44 Single vs Multifamily Real Estate
50:43 Steps for Starting
📝Disclaimer:
This video is not personalized advice for the viewer.
#meetkevin #househack #JuneVegasEvent
![How to Buy your First House [Noob vs Pro] - $0 to Millionaire.](http://i.ytimg.com/vi/BV6i8MNZ-BI/mqdefault.jpg)
![How to Buy your First House [Noob vs Pro] - $0 to Millionaire.](/img/tr.png)
I miss these detailed and insightful videos. Glad that you’re bringing them back! Keep up the good work, us peasants appreciate you
this is exactly what i wished for, 1 hour of meet kevin real estate
I’ve missed the long form real estate content, glad it’s back!
Yes! Finally, Meet Kevin and Real Estate. The 2 most things I like and the reason I started watching! Let's get back to the Real E grind! KEV! ❤
What's crazy about when you showed those old clips from the 13 mins mark of this video, I remember those old old videos. That's how long I've been following you and your journey. You're the man Kevin.
I know you don't get as many views on content as this. But I do appreciate hearing you talking about it. I usually pick up a few more things to help every time you do one
What do you think of investing in a tiny home? Could you do a video on that?
If you’re that hesitant about real estate you should just invest into a reit until you can actually buy a real house. And there’s absolutely nothing wrong with this strategy cause most pay a good dividend.
The doors of opportunity are closing for newbies trying to get Into Real estate . Everything coming down the pipe, starting with the NAR settlement, to inflation. All geared to favor the establishment, and close the doors for "the little guy"
get in while you can. I did hear a video somewhere we're the allege economic systems go in 400 year cycles and that we are due to see the end of this era of everyday owning their home and land. Only thing we're needing is a major crisis, something that makes 2020 just a footnote
Summer has been in our prayers Thank God she's doing better
Happy to hear positive news about Summer and her recovery 💖 She’s a cutie
I would love to see another noob vs pro. Hope one is in the near future
I’m so glad to hear about Summer! Bless you and your family and thanks for all you do ❤
So glad Summer is doing well! ❤️💕
Awesome 👏
Happy to hear Summer is good! 👍🏻 God bless! I respect you for the jet and building your business consistently. Keep it up!
Now thats the Kevin I miss...One of your BEST videos in a while....Please make more of these. 👏👏👏
Thanks for the walk thru and explanations kevin
This is all I watch from you now. Keep them up and I’ll sub again
Excellent video, Kevin.
Great content! Even though I'm not from the US, there are some great applicable tips and insights here. Thanks for sharing!
Thank you Kevin for helping us to get wealthy and learn!
Holly crap Kevin does know his stuff!
Thanks for this vid Kevin
Really glad to hear about Summer. Thank you for the update.
I saw the title and knew I needed to watch! This is the content that made me subscribe years ago.
Honestly, you are great at Real Estate, I really enjoy these
Great informative video brother!
happy summer is doing well
So happy Summer is doing well bud .
Good to learn. Thanks.
It’s crazy that a guy posted a comment for this video and Kevin delivered!!!👍
Great content as always.
Miss these!
God bless your little girl
Love it!
🌲this video is gonna be evergreen
Hi Kevin thanks for the video. So for someone starting out how wants to be in the tiny portion of people who cash flow, what knowledge/skills are the best utility to save a little on renovations? I would imagine learning to paint well and install carpets/ flooring, but what are some skills that don't require licensing that are good to have?
Dear Kevin, I bought my little started house in 2019 and refinanced for 3.65% I want to buy a new primary residence and rent the current place out after taking a heloc out to fix some things. My banker basically told me that I can’t because I don’t have enough to pay for both mortgages simultaneously and do not have a “seasoned tenant “ what should I do so I can acquire my second property?
Find a new lender.
find a different lender, the projected rents should be allowable. Or you could move in your car
More of this Kev. This is why I subscribed, not stock speculation.
Most cities have code that's says they will give you tickets if you leave stuff in your front yard like my city will write you a letter in the mail if you leave your garbage cans in front of the front of your house they will say you can't park on the grass or that some things were done without any permits because they won't let you put a parking space in your front yard they will have specs like set backs
just be rich like Kevin .then the Skys the limit !
he's told us everything you need to do to go from zero to where he his. He's not quite private plane rich, but decided it's worth it
That trash can lid transition was Lit ngl 😮
I can't get over how seamlessly this video blends entertainment and education.
Good to hear your mini me is doing well.
Very informative Dope💯
Good to see your child is doing well I wish to have my own family but complications have always troubled me so just hoping one day
Great video
See you in Vegas!
If you had a Canadian version of HH, I might consider investing since I live there.
Around 39:00 you can hear the cameraman breathing HEAVILY. I had my ear buds in and it freaked me out for a second bc I'm like "who the heck is breathing in my ear?" 😂 Anyway, great video!
Great advice for capturing maximum appreciation, but not so much for cashflow which is what investors need to build wealth. Also investors to hh need to keep in mind they will not get the depreciation of the hh properties, which is one of the largest re investment benefits.
Nice Video. Good info. Prayers for your child. Surely she'll be just FINE
BASED
Great advice,rented a shared townhouse...pain in the butt
Been a great year to unload residential inventory, though hardly anyone had cash this year. Commercial inventory has been slower to move.
Yay!! Go Summer!!! 🎉❤🙏🙏🙏💪🙌
Imagine selling or buying a house but before the buyer or you can move in it is suddenly full of illegal squatters. If you try to force them out then they arrest you and force you to keep paying the mortgage and utilities until the case can go to court in two years while you have to go rent another place for twice your mortgage.
Welcome to America.
Really ? I thought that it was only in France that they had this bullshit. Im shocked
Just move into the laundry room or garage and offer free rent for the squatters. You will end up on local, then national, and finally international news as the landlord living in the laundry room while selflessly giving free rent to squatters that are living in the master bedroom. No lawyer will want to end up on national news as the sicko that attacks a generous saint. Also be sure to tell how you fill up the fridge with healthy food for zero cost to the squatters because you care about their health. The squatters will become international pariahs and move out on their own.
Scary. Versus just buying the QQQs and going about your business.
brilliant@@donaldlee6760
Yeah speaking of when are you leaving your parent’s basement! 👍🏽😂
lol the magician in the backyard alley 😂 💀
Sucks for anyone having to start in real estate now. 2011-2021 was the best decade to scoop up the spoils from the GFC
Are you going live on the June event?
@Meet Kevin - Is there any high level scheduling estimates for the event in Vegas ? Trying to plan travel so knowing if there are full day of events on Friday and Sunday would be helpful
Repeat after me. I'm learning.
Glad you and your family are doing good, always #1
Sending loves for Summer❤
Kevin in a sienna it’s a great family van especially the resale of a Toyota
❤awesome and I’m glad you’re lil angel 👼 is doing better ❤️
@MeetKevin would it be a good idea to have an apartment for myself while buying/fixing/ and renting out a place?
or is that too much on expenses? would I be better off living there first and moving to the 2nd place after?
Hey everyone Just diving into the world of real estate investing. Any advice or tips?
You sound almost exactly like actor Ryan Reynolds 🙌😂💯
@meetkevin, you didn’t discuss HOA condos. What would be your take on those types of properties for real estate investments?
is it really easier to manage 100 single family homes scattered around town vs an apartment building?
Hi
Insurance and interest is killing real estate right now. It’s a horrible time to buy so I’m parking my cash in other assets until opportunity arises.
What if you live in Ventura County California ? I live in Camarillo. I just can't see it in my area at all.
The way to invest in real estate is to wait for the market to go sideways and swoop in and pick up all those houses that went for 500,000 but are actually only worth 300,000 and then sit on them and wait for the market to get hot again and dump them
What’s a condition wedge?
When the house is being sold at a discount because it's in bad condition, the savings once you consider the repair costs, is the wedge
Noob vs pro. 🙌
It can be a blessing to have a vacant property rather than one that comes with a tenant because maybe the previous owner couldn't get rid of a nightmare tenant easily etc
Ok Kevin I was skeptical at first/but this shows you have the experience in the field to create a “ system” and the “ controls” to insure efficiency. And your idea seems to deal with the problem we all have -namely capital ! In my case after I use up my nest egg /investment capital then we are faced with having to put our names personally on the financing instruments and when and if things go wrong it can dog one for ever. Still like any start up where we bring another layer of “ profit takers” in the slice of the pie gets smaller. So as they used say in the old days :volume son volume😉. But a well honed system obviously helps- how and when to return funds and profit to your share holder investors is going to be super impor😮ant .
Sorry I screwed up the editing but You seem to be putting something together that has potential here.
Ken McElroy went into explaining some similar concepts they use to buy and reno and develop some of his rental units ( mostly apartments)property’s over his 30 year career and head off the tax issue. Idea is solid.
Happy the surgery went well, thank god.
9:25 😂❤
What percentage of single family homes are owned by investors?
Many neighborhoods are now owned by investment funds
10%-15%
Good news about Summer. That's awesome.
So if I 1031 my rental into HH mini’s I don’t have to purchase a like kind property 180 identify 45 close?
Approximately, yes. That would be your replacement. But you'd have to contact us; it's much more involved. ir@househack.com
@@MeetKevin that’s amazing
I am so happy to hear how well baby Summer doing. She looks so good. I bet she will be coming home shortly. ❤❤❤❤❤❤❤❤❤
what is "YABATS"?
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Poncho on based end of story
Why are you driving Toyota ?
rental car
I’m so happy Summer is doing good thank God
Is it harder to qualify for a loan if you have a retirement pension? I am about to retire and won’t to go into real estate for the last part of my life.
I haven't watched the video yet, but I'm making a prediction that it's actually a promotional video to invest in his real estate investment company disguised as a real estate how to video? Ok let's watch. I'll comment back in a bit to see if I was right or wrong
Call me Mr Cleo! Not only a sales pitch to invest in his company, but a sales pitch to attend an event he's holding that gives you info you could get for free online. Kevin really has a good grift going, man. The icing on the cake is that he's self delusional, and still thinks he's a good guy and not just a money hungry grifter. This guy is going to use YOUR MONEY as a risk free loan to buy real estate, and get all the benefits related to that, and give you the least benefit out of the group, and all the risk. Kevin cares A LOT LESS about the sales price of these deals than if it were his own money alone, bc he's making money either way, bc he's using your money to reduce his tax burden. Meanwhile, if the economy downturns and they can't pay the mortgage on these purchases, guess who's not gonna get paid during all the time it takes to figure all that out, and guess who's going to be the last to get paid out? That's right, YOU! Don't invest with this guy. He's not transparent about why he's starting this company, which is he's using your money to further enrich himself. If you make some money, it's just a little added bonus. Buy I promise you that the primary reason he's doing this isn't to help you, and you're assuming all the risk while he's getting most the benefit.
Hey thats looking like my house. I love cars and cats. But I know what ya mean.
what is very concerning right now is that insurance companies in CA are leaving and not renewing policies. How does this democrat policy caused (forest mismanagement; insurance commissioner gets contributions from insurance companies, etc) debacle affect real estate investing?
Are you driving a Toyota Corolla?
Rental car yup
You are doing god's work Kevin thank you.
🤘☕️🤘
❤
#FreedomLawScool
More Real Estate stuff please!!!!
Less stock market reports please !!!
“Plenty of those in CA” 😂💀