How to Invest in Real Estate in 2024 (Step by Step for Beginners)

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  • čas přidán 8. 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

Komentáře • 171

  • @mloinvesting4411
    @mloinvesting4411 Před 2 měsíci +143

    I miss these detailed and insightful videos. Glad that you’re bringing them back! Keep up the good work, us peasants appreciate you

  • @zepolydna
    @zepolydna Před 2 měsíci +87

    this is exactly what i wished for, 1 hour of meet kevin real estate

  • @henrycollins2478
    @henrycollins2478 Před 2 měsíci +31

    I’ve missed the long form real estate content, glad it’s back!

  • @elBoodah
    @elBoodah Před 2 měsíci +11

    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! ❤

  • @jgg204
    @jgg204 Před 2 měsíci +4

    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.

  • @DanielCurrier
    @DanielCurrier Před 2 měsíci +3

    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

  • @Smart_Think
    @Smart_Think Před 2 měsíci +2

    Thanks for the walk thru and explanations kevin

  • @revre
    @revre Před 2 měsíci +2

    Happy to hear Summer is good! 👍🏻 God bless! I respect you for the jet and building your business consistently. Keep it up!

  • @tipoomaster
    @tipoomaster Před 2 měsíci +14

    What do you think of investing in a tiny home? Could you do a video on that?

    • @Thejasonrogers
      @Thejasonrogers Před 2 měsíci

      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.

  • @sterling1533
    @sterling1533 Před 2 měsíci +3

    So glad Summer is doing well! ❤️💕

  • @carefulconsumer8682
    @carefulconsumer8682 Před 2 měsíci +1

    Excellent video, Kevin.

  • @Nikkipics420
    @Nikkipics420 Před 2 měsíci +44

    I’m so glad to hear about Summer! Bless you and your family and thanks for all you do ❤

  • @mkgg9637
    @mkgg9637 Před 2 měsíci +6

    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"

    • @stevenroshni1228
      @stevenroshni1228 Před 2 měsíci +1

      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

  • @costafilh0
    @costafilh0 Před 2 měsíci +2

    Great content! Even though I'm not from the US, there are some great applicable tips and insights here. Thanks for sharing!

  • @ChrisPBacon-wm8dk
    @ChrisPBacon-wm8dk Před 2 měsíci +2

    This is all I watch from you now. Keep them up and I’ll sub again

  • @jsouth489
    @jsouth489 Před 2 měsíci

    Really glad to hear about Summer. Thank you for the update.

  • @angeldjesusg
    @angeldjesusg Před 2 měsíci +2

    Great informative video brother!

  • @vmrosales3
    @vmrosales3 Před 2 měsíci +5

    I would love to see another noob vs pro. Hope one is in the near future

  • @SSModi852
    @SSModi852 Před 2 měsíci +1

    Good to learn. Thanks.

  • @TheSkatereel
    @TheSkatereel Před 2 měsíci

    Thanks for this vid Kevin

  • @cryptolatino9220
    @cryptolatino9220 Před 2 měsíci +1

    Great content as always.

  • @KDPInvestments1468
    @KDPInvestments1468 Před 2 měsíci +2

    Summer has been in our prayers Thank God she's doing better

  • @TiagoRamosVideos
    @TiagoRamosVideos Před 2 měsíci +3

    Awesome 👏

  • @joser6703
    @joser6703 Před 2 měsíci +8

    Now thats the Kevin I miss...One of your BEST videos in a while....Please make more of these. 👏👏👏

  • @chelsbolin
    @chelsbolin Před 2 měsíci +1

    I saw the title and knew I needed to watch! This is the content that made me subscribe years ago.

  • @europeantechie
    @europeantechie Před 2 měsíci +1

    happy summer is doing well

  • @xmochix604
    @xmochix604 Před 2 měsíci +1

    Thank you Kevin for helping us to get wealthy and learn!

  • @Freethinkers19849
    @Freethinkers19849 Před 2 měsíci +2

    Honestly, you are great at Real Estate, I really enjoy these

  • @tylerferguson3575
    @tylerferguson3575 Před 2 měsíci

    Love it!

  • @alexepstein7094
    @alexepstein7094 Před 2 měsíci +1

    Miss these!

  • @Killahkron1992
    @Killahkron1992 Před 2 měsíci

    Very informative Dope💯

  • @stephanietaylor4594
    @stephanietaylor4594 Před 2 měsíci +3

    Happy to hear positive news about Summer and her recovery 💖 She’s a cutie

  • @johnoliver4199
    @johnoliver4199 Před 2 měsíci +2

    Holly crap Kevin does know his stuff!

  • @zeusm8498
    @zeusm8498 Před 2 měsíci +1

    So happy Summer is doing well bud .

  • @WentOutForMilk
    @WentOutForMilk Před 2 měsíci +1

    Great video

  • @Jonathan-rm6kt
    @Jonathan-rm6kt Před 2 měsíci +1

    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?

  • @ItsFranksWorld
    @ItsFranksWorld Před 2 měsíci +1

    Good to hear your mini me is doing well.

  • @johnpearman3330
    @johnpearman3330 Před 2 měsíci +2

    🌲this video is gonna be evergreen

  • @seancoakley9640
    @seancoakley9640 Před 2 měsíci

    More of this Kev. This is why I subscribed, not stock speculation.

  • @samyin330
    @samyin330 Před 2 měsíci +1

    See you in Vegas!

  • @bent1448
    @bent1448 Před 2 měsíci +5

    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?

    • @coopzcustomz693
      @coopzcustomz693 Před 2 měsíci +2

      Find a new lender.

    • @stevenroshni1228
      @stevenroshni1228 Před 2 měsíci

      find a different lender, the projected rents should be allowable. Or you could move in your car

  • @metallore8803
    @metallore8803 Před 2 měsíci +2

    just be rich like Kevin .then the Skys the limit !

    • @stevenroshni1228
      @stevenroshni1228 Před 2 měsíci +1

      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

  • @BUY_YOUTUB_VIEWS_733
    @BUY_YOUTUB_VIEWS_733 Před 2 měsíci +3

    I can't get over how seamlessly this video blends entertainment and education.

  • @PokePey
    @PokePey Před 2 měsíci

    It’s crazy that a guy posted a comment for this video and Kevin delivered!!!👍

  • @chrislopez5595
    @chrislopez5595 Před 2 měsíci +1

    @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

  • @ja.935g67
    @ja.935g67 Před 2 měsíci +1

    That trash can lid transition was Lit ngl 😮

  • @tedtenny
    @tedtenny Před 2 měsíci +2

    If you had a Canadian version of HH, I might consider investing since I live there.

  • @MickB52s
    @MickB52s Před 2 měsíci

    Great advice,rented a shared townhouse...pain in the butt

  • @StasTalksStocks
    @StasTalksStocks Před 2 měsíci +1

    God bless your little girl

  • @rgCA_01123
    @rgCA_01123 Před 2 měsíci

    Yay!! Go Summer!!! 🎉❤🙏🙏🙏💪🙌

  • @dannysidener7612
    @dannysidener7612 Před 2 měsíci +1

    Nice Video. Good info. Prayers for your child. Surely she'll be just FINE

  • @Inf
    @Inf Před 2 měsíci +2

    BASED

  • @Stonktradomus
    @Stonktradomus Před 2 měsíci

    Been a great year to unload residential inventory, though hardly anyone had cash this year. Commercial inventory has been slower to move.

  • @linuxd
    @linuxd Před 2 měsíci

    @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?

  • @rfreeman5012
    @rfreeman5012 Před 2 měsíci +1

    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.

  • @Moewilldoit
    @Moewilldoit Před měsícem

    @meetkevin, you didn’t discuss HOA condos. What would be your take on those types of properties for real estate investments?

  • @Ziamira
    @Ziamira Před 2 měsíci +3

    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

  • @thetommantom
    @thetommantom Před 2 měsíci +1

    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

  • @therealosea
    @therealosea Před 2 měsíci +1

    Are you going live on the June event?

  • @jagguzman2656
    @jagguzman2656 Před 2 měsíci

    ❤awesome and I’m glad you’re lil angel 👼 is doing better ❤️

  • @AlyssaMonetMason
    @AlyssaMonetMason Před 2 měsíci +1

    Repeat after me. I'm learning.

  • @wgalligan2408
    @wgalligan2408 Před 2 měsíci

    Kevin in a sienna it’s a great family van especially the resale of a Toyota

  • @jasondillon2567
    @jasondillon2567 Před 2 měsíci +1

    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!

  • @justsomeguy1074
    @justsomeguy1074 Před 2 měsíci +11

    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.

    • @ssissigui8846
      @ssissigui8846 Před 2 měsíci

      Really ? I thought that it was only in France that they had this bullshit. Im shocked

    • @donaldlee6760
      @donaldlee6760 Před 2 měsíci +1

      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.

    • @josephinemurphy2502
      @josephinemurphy2502 Před 2 měsíci

      Scary. Versus just buying the QQQs and going about your business.

    • @sooofunny37
      @sooofunny37 Před 2 měsíci

      brilliant@@donaldlee6760

    • @anthonyh2884
      @anthonyh2884 Před 2 měsíci

      Yeah speaking of when are you leaving your parent’s basement! 👍🏽😂

  • @bizinc4493
    @bizinc4493 Před 2 měsíci +4

    Glad you and your family are doing good, always #1

  • @AdrianAlex-vt5pw
    @AdrianAlex-vt5pw Před 2 měsíci

    Hey everyone Just diving into the world of real estate investing. Any advice or tips?

  • @UCFmalta
    @UCFmalta Před 2 měsíci +2

    You sound almost exactly like actor Ryan Reynolds 🙌😂💯

  • @cacapo1234
    @cacapo1234 Před 2 měsíci +3

    Sending loves for Summer❤

  • @ronaldo19832
    @ronaldo19832 Před 2 měsíci +1

    lol the magician in the backyard alley 😂 💀

  • @user-ig6oy7mx1y
    @user-ig6oy7mx1y Před 2 měsíci

    What if you live in Ventura County California ? I live in Camarillo. I just can't see it in my area at all.

  • @stevenroshni1228
    @stevenroshni1228 Před 2 měsíci +1

    is it really easier to manage 100 single family homes scattered around town vs an apartment building?

  • @jgg204
    @jgg204 Před 2 měsíci +1

    Sucks for anyone having to start in real estate now. 2011-2021 was the best decade to scoop up the spoils from the GFC

  • @ryanraines1469
    @ryanraines1469 Před 2 měsíci

    So if I 1031 my rental into HH mini’s I don’t have to purchase a like kind property 180 identify 45 close?

    • @MeetKevin
      @MeetKevin  Před 2 měsíci +2

      Approximately, yes. That would be your replacement. But you'd have to contact us; it's much more involved. ir@househack.com

    • @ryanraines1469
      @ryanraines1469 Před 2 měsíci

      @@MeetKevin that’s amazing

  • @kyleright7346
    @kyleright7346 Před 2 měsíci +1

    What’s a condition wedge?

    • @stevenroshni1228
      @stevenroshni1228 Před 2 měsíci +1

      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

  • @MikeAffholder
    @MikeAffholder Před 2 měsíci

    Noob vs pro. 🙌

  • @kazi1
    @kazi1 Před 2 měsíci +2

    Hi

  • @johnoliver4199
    @johnoliver4199 Před 2 měsíci +1

    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 .

    • @johnoliver4199
      @johnoliver4199 Před 2 měsíci

      Sorry I screwed up the editing but You seem to be putting something together that has potential here.

    • @johnoliver4199
      @johnoliver4199 Před 2 měsíci

      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.

    • @johnoliver4199
      @johnoliver4199 Před 2 měsíci

      Happy the surgery went well, thank god.

  • @yellowdog2842
    @yellowdog2842 Před 2 měsíci +2

    What percentage of single family homes are owned by investors?

    • @UCFmalta
      @UCFmalta Před 2 měsíci

      Many neighborhoods are now owned by investment funds

    • @YPYT90
      @YPYT90 Před 2 měsíci +1

      10%-15%

  • @sandcat731
    @sandcat731 Před 2 měsíci

    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

  • @metallica2500
    @metallica2500 Před 2 měsíci +1

    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

  • @samtipikin366
    @samtipikin366 Před 2 měsíci

    what is "YABATS"?

  • @Thejasonrogers
    @Thejasonrogers Před 2 měsíci +1

    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.

  • @rustyshackleford8186
    @rustyshackleford8186 Před 2 měsíci +1

    Good news about Summer. That's awesome.

  • @thomasdriskill5254
    @thomasdriskill5254 Před 2 měsíci +1

    9:25 😂❤

  • @batnoooob4786
    @batnoooob4786 Před 2 měsíci

    Poncho on based end of story

  • @johnoliver4199
    @johnoliver4199 Před 2 měsíci

    Hey thats looking like my house. I love cars and cats. But I know what ya mean.

  • @alexbanks7115
    @alexbanks7115 Před 2 měsíci

    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.

  • @slawekrealtor
    @slawekrealtor Před 2 měsíci +2

    Why are you driving Toyota ?

  • @lucillehjort971
    @lucillehjort971 Před 2 měsíci +1

    I am so happy to hear how well baby Summer doing. She looks so good. I bet she will be coming home shortly. ❤❤❤❤❤❤❤❤❤

  • @doggy255
    @doggy255 Před 2 měsíci +2

    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

    • @doggy255
      @doggy255 Před 2 měsíci +1

      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.

  • @teresamartim6173
    @teresamartim6173 Před 2 měsíci +1

    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.

  • @MoPro_
    @MoPro_ Před 2 měsíci

    You are doing god's work Kevin thank you.

  • @ivailoruikov5558
    @ivailoruikov5558 Před 2 měsíci

  • @stephanietaylor4594
    @stephanietaylor4594 Před 2 měsíci

    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?

  • @wisteria4981
    @wisteria4981 Před 2 měsíci

    #FreedomLawScool

  • @goodfeather16
    @goodfeather16 Před 2 měsíci

    Are you driving a Toyota Corolla?

  • @HaydenRoberts
    @HaydenRoberts Před 2 měsíci

    “Plenty of those in CA” 😂💀

  • @bistro985
    @bistro985 Před 2 měsíci

    More Real Estate stuff please!!!!
    Less stock market reports please !!!

  • @stock-mj9hx
    @stock-mj9hx Před 2 měsíci +1

    I can't understand what your saying around the 12:10 stay away from .... cc is giving me yuts. I can't make out anything. I am hearing yeah buts

  • @markcarrillo2416
    @markcarrillo2416 Před 2 měsíci +1

    How to invest in Real Estate.
    Buy a fixer upper cash only.
    Only way to really make money