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How to Start Buying Multifamily Real Estate
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- Опубліковано 6 сер 2024
- Steps to start buying multifamily real estate and acquire units of real estate for scale and building wealth. We'll also do some finance comparisons!
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#RealEstate #Investing #Multifamily
![How I Turned $10,500 into $210,000 at 19 (in 90 days) [Beginner Real Estate]](http://i.ytimg.com/vi/fnFWKmDGGUU/mqdefault.jpg)
Kevin love your content please keep up the amazing info! I subscribe to your course and I get info from you that noone else has, even uncle GC!
So nicely said!! Thanks so much!!
I love how you’re so comfortable making vids in public like this haha great vid as always!
Thanks Stas. Yeah I don't really mind who's around. More people is an issue for sound. When I go to crowded areas (watch my Times Square video), I have to use the handheld mic. The lav pics up too much.
I can speak from experience, it truly gets easier after a couple videos.
I know
Dude 12:55 MCDONALDS ICE CREAM NEVER WORKS! lol
LOL no kidding!!!
So true!!!
I worked at McDonalds they probably were cleaning the machine. Night time is when they clean it.
Christopher Morreall Kevin is a bit of a nightcrawler having the lady come out and shush him away in his last vid :-)
Tbh
As an agent and investor myself, great video...
Thank you!!
If you are looking to start investing in multi-family and don't have much equity to start look into the FHA 203K loan. It requires that you live in one of the units but the down payment is really low plus you get funds for repairs.
You deserve the success Kevin. The time and effort and knowledge that goes into each film is incredible. Thank you from a UK real estate investor.
Thank you so much Guy!!! appreciate the support!!
Guy Harris Hey Guy, I’m also from the U.K. I’m curious what region of the U.K. do you invest in and what sort of properties? Im just trying to have conversation with people already doing what I’m trying to do! Hope you have a great day.
@@ixskillz Let's connect!
Multi-family investor in Texas here, the UK must be quite the difference. Suddenly people who care about A/Cs care more about heating and parking.
Dude you have the best energy. I watch one of your vids and get re inspired to keep pushing forward with investing. Thanks for the 🔥content🔥
A.w.e.s.o.m.e. content. I've seen plenty of your videos but it is amazing how by watching their content over and over again (be that new or older videos... mostly new ones) topics come up that reinforce my learning. I have also joined your course and I find it fascinating. Love your enthusiasm and passion to help us all who want to participate in real estate. Cheers!
I love the way you edit videos. It's perfect for my ADHD man child brain.
Ah Thank you!!
Agreed, great editing.
Your channel rocks! Amazing info and it's very well presented!! I'm learning so much. Thanks for sharing! I'm a fan and will keep following!
love how your videos are you whispering in stores giving financial advice
Love your energy! Great info, thanks for sharing
@meetkevin . i want to thank you for being so busy and still finding time to making vidz for us. I watch you at stores, cruises and shooting videos in random locations which means you take the hrs out of your busy day to make us informative videos. I like every video I watch to show my gratitude.,
Love the videos! so much walking, thanks for taking your viewers all these places :) I even had to pause the video because you made me walk to my fridge for some ice cream lol
Thanks this is a simple step video. We are looking at buying our first home this year. (Good deal fixer upper). Then repeat. Saving up for your course. Thanks again for all the videos.
Thanks Kevin, solid video and easy to understand.
So many good points made in this video! Kevin's always making real estate investing entertaining.
Agreed! I'm trying to find as many good deals in Texas right now.
Love your personality; it's like, LEARNING AND HAVING FUN AT THE SAME TIME 😂🤣😂
thanks so much jb!!
Damn dude, youve really upped your game on the videos you make the past few months. These are gol, Thank you
TY!!!
Such a greatly timed video Kev. LOVE IT!!! 10X son.
TY!!
This is really good info! Thanks 😀
ty!! Anytime!!
3:31 i was cracking up! Great video Kev!
I’ve definitely been interested in learning about these kind of deals. And I kind of really want to run into Kevin when he’s recording haha
AND OF COURSE THE ICE CREAM MACHINE IS BROKEN LOL
hahah it'll happen!!
This is so damn good. Wow. Thank you so much for making this video.
The intro had me feeling like I was watching a great TV Show great Video kevin !!
TY!!!
Thanks for the vid/information!
Best video!!! Thanks kevin
Such good info. Keep it up Kevin!
Kevin. I love your videos man.
Very Informative video! Thank you so much!
That guy seemed personally offended that you were going to eat that ice cream outside lol
hahhaha good catch!
you're very very good ! thanks a lot
Okay I will admit. This is a top notch video you have just posted! :)))))))))
Thanks so much Lemontea!!!
Great video, principles still apply to today. There is no better thing than buying rental properties.
I love your content and channel.
If a property building is around $700,000 usd how much down payment would I need?
Great Video Kevin! Commercial Multi-family (5+ units) is the fastest way to scale 📈
Maybe? I run across portfolios of SFH all the time though. If I bought those when they came available I would have way more units now than I do because I am waiting for a good commercial deal.
I get that and you may be able to find those portfolios easier but I'm referring to the way you can increase the value by increasing your NOI. With a single family, you're at the mercy of the market with sales comparison appraisals. Whereas if you can increase your NOI, not only do you increase your cash flow but because it's value is based on the income, the property value goes up as well. This allows you to scale like crazy when you reposition correctly and when you're doing it with massive apartment buildings (100+ units), sky's the limit.
@@jamesallenrealestate 100% Agree. I just made $300k equity on a reposition.
Wow, congrats man that’s awesome!!
These are the most valuable videos on youtube. Thanks Kevin.
Thanks Zachary!
Thanks Kevin!!
Love your content, Kevin.
TY FORREST!
Very informative. Thank u Kevin
ty
Kevin, i have the flexibility of moving anywhere in the US. How do I find a 4 plex, buy it with an FHA loan, make sure it's in a safe neighborhood, buy it remotely and then move into one of them?
Great video Kevin!
thanks man!
Excellent video. Entertaining and very informative
Great video Kevin! Closing in on 100k!
This was the video I was waiting for! TGIF KEVIN
TY Steps! Hey, steps on real estate :D :D
I cant wait to sign up and take some of your courses.
Really like the flow of this vid
thanks crypto!!
you are so smart!
what website do you suggest that gives you the option to pick multi units? Or does that only work if you go through a realtor?
Thanks So much. God Bless By.
I like how you walk around a commercial property and switching the cam back to a residential property.
Thanks!
super helpful
“That’s kinda like how GC does right?” 😂😂😂
Kevin’s a legend
Am I just here before everyone else? Come on guys step it up!
Love the support!! Notification squad member here!
CHINGON!! THANKS!!!
So I am looking to buy my first 4 plex in Nevada, I am approved for the loan & I have awesome credit. However, due to these crazy times do you think it wise to just wait especially since evictions will be rampant in the next few months, COVID 19, Presidential election? ...
Finally, someone coming out and saying you HAVE to have a job, steady income is a must, those gurus will never understand
Hi Kevin!! Loved the video! When is you real estate agent course going to be ready?
ready for ya now -- but complete by april 15 :D -- Pricing goes up the closer we get
Hi, Kevin. Great video. Do you have any insurance policies such as a whole life or IUL, where you can store wealth and keep safe from lawsuits? Just curious if you do or what you think of these? Thanks in advance.
clueless honestly on that.
I am first time home buyer w good fico yet limited income and down payment- I’m looking at multi family as investment opportunities and a way to get a better home to live in
I was the 500 liked in your video.
True fan here!
The good ones sell FAST.... an hour outside raleigh in places like rocky mount you can find some for sale for 60k with tenants but the places look like they could break in the next thunderstorm
0:06 is my favorite part of the video! I'm so getting that monitor ...still not making the jump to Adobe huh, oh and try the bose headphones you'll end up giving those beats to your son....10k more and you can drop the mic
hahah thanks man! on all fronts!
TQ kevin
You bounced back good!
Always 😇
I’m listening to this video as I check my local market for investment opportunities and drinking my coffee ! I’m I 10x’n ? 🤔😂
Super excited for you to start that journey! It seemed crazy to me when I got my first deal but after doing over 20, it's second nature and really fun now
That Ice cream is so good
i got a question: when exactly would you raise the rent? do you need to wait for the tenants to leave or are you legally allowed to start charging more? doesnt the tenant have a contract that notes how much they have to pay? if my landlord demanded me to pay more eventough i have a contract i would say no
If they have a lease in place you would need to follow that. If they are on month to month then you could give them a notice when you take over. Time frames depend on the area. In my area it is just a 30 day notice.
It's usually written in the lease contract.
For stabilized commercial multi-family you can go as low as 20% down.
how do you find new properties that hit the market? Zillow? i feel like there are plenty of homes in my neighborhood that dont show up on zillow. Thanks for the vid kevin
MLS zillow is slow. redfin is okay. realtor.com is okay.
what is the advantage of living in one of the 4plex real estate investment?
Kevin I can't believe you actually thought the ice cream machine for mcdonalds was actually working haha
rofl
Am I the only one that saw a Grant Cardone ad on your video and thought....woah. Lol.
Interesting thing about this video. - there is hardly anyone shopping. Is everyone buying online or is consumer sentiment right down?
Kevin if I buy the class is there someone I can talk to if I have any questions?
This video is full of pure gold nuggets. I was offered money at a shop, but I refused to accept. Just thought you should know
:O
I am considering investing in a car parking lot, Does anyone know a decent/healthy rate of return on this kind of business ?
Real estate cash on cash is between 9% and 11%.
I ve been looking all over and ain't much literature about that.
Meh; hope it's a solid city
Cash on cash with rentals should be 20 to 30 percent
That's interesting, never heard anyone talking about that... You know what, you should video the journey of you doing that!
I thought 4 or less was residential? Did they change the rule?
How about SBA Mixed Use loan? 0 down amirite?
Finding a realtor that invest in general is difficult in my experience. I found like 3/15. 1 doesn't invest in my state, 2 invested accidentally, and the other one has been only doing single family. I can't Imagine how difficult it would be to find a multifamily investor.
When I got started on my first deal, I actually joined a real estate club. Look for one in your area! So far I've been able to do over 20 deals.
Currently 20 planimg gettin my license this year ,plannin on getting property by 22-23 tips please ?
Buy Kevin's course
Read the millionaire real estate investor by gary keller and watch Kevin and graham stephan
@@jgtv6269 ty !
Thanks Jesse and Sy!!
Just got 4 plex yesterday, going to take over in March as it’s going to be new built
Magnets Travel that’s awesome. Is this your first one
Sharma's Karma Thanks for comments, yes first one in USA, but I have Real estates abroad.
Magnets Travel really what countries. I have apartments but all in USA. Always been interested in abroad but it’s risky if I don’t have time to travel. I have looked
Sharma's Karma yes not for you, Stick to what you know. I used to live in Glasgow, Scotland. UK is very good market for real estate even batter then California. My dad from Lahore Pakistan & have Real estates there, mostly from my dad, Real estate is also very expensive there, but collecting rent is not easy if you not there or have good manager. I have sold dads land & brought the money here, next am going to sell commercial properties. My brother also in Glasgow, he just bought 2 apartments from Pak land money near Glasgow university.
Fire video. Made me go out and get an ice cream.
I didn't even realize why all of a sudden I wanted the ice cream in my freezer.
i like your your energy. i literally haven’t laughed in such a long time and the way you explain things is very positive i feel like you’re the friend i’ve never had. you’re freaking hilarious. also great video! i’m looking for my first investment property.
This is amazing. 15:43 , that hit me hard.
Hey all learning for next time eh?
This is the video I wanna see because my first step is house hacking thanks Kevin... one question I have is what if you do get with an agent in your area that invests in multi family won’t they be trying to cut you out of a great deal because they understand the commission they gain from you is nowhere near the deal they’re getting to just invest in it themselves and just pass off “fake” good deals to you especially since they know you are “green” when it comes to the real estate game I just think a agent that invests in condos, single family can have useful knowledge and not be your competition either it seems like there’s a conflict of interest correct me if I’m wrong
You'd be surprised how few real estate agents ACTUALLY invest. Don't think they're all competitors -- honestly, 99% probably couldn't afford to compete.
Meet Kevin thanks for the quick reply I will take your advice and screen the agent with a series of questions that I know the answers to to see where their heads at when I spill my investment plans to them
Your thinking with a scarcity mindset when you should be using an abundance mindset. There are so many deals out there.
Again, how dp you get a fixed loan on investment properties?!
Iv only been able to find 5 year arms.
Please name a bank
Steven Marx's try a small local bank. If you buy them in your name sometimes you can get better terms. I have several commercial loans that are 20 year amortized and locked for over 10 years as well. Hope that helps.
Do you have to have the same job for two years or just working for two years?
Same line of work unless you went to college in that line of work
Hey Kevin, the links you're hinting at, aren't showing in the video. I like to watch the other related videos on this you're hinting at.
Oops! Which times? I’ll send you
Did you change your mind on owning property in an LLC? In another video you said just get an umbrella insurance policy, but in this one you're saying to get an LLC. Did you change your mind or do you feel like multi-family needs an LLC vs single-family doesn't.
I still feel the same way as I do in the umbrella video. The only difference is in my thinking (as an agent not attorney) is: if you are at risk of getting personally sued by something unrelated to your rentals, like an outside lawsuit related to say a business decision or whatever, the LLC could be a nice way to separate them from yourself
@@MeetKevin Thanks for the clarification! Another Like & Subscribe headed your way. ;)
Cant wait to see you hit a milly
The next Real Estate Multi Family MOGUL! Tell em Kevin ;)
Love ya Karam!!
@@MeetKevin Likewise :)
How does buying rental from a cheaper location in another state work but you live in California? Or do you have to live in that cheaper state?
Lin Xu out of state investing? Just make sure you have a good team setup in the investing area.
I didn’t realize you invest in multi family? That’s awesome. How many units do you have?
Everything real estate :D And I'll answer after the Dave Ramsey lawsuit ends -- in the mean time, I'm bankrupt :P
@@MeetKevin Great info on this one. It's hard to get so much info into one video isn't it? I must have missed the lawsuit with Ramsey. I didn't know you were in one with him. Good luck.
@@MeetKevin That guy really grinds my gears. Doesn't the Bible have some choice words about not suing thy neighbor? Hope all goes well brother. Doesn't seem like he has much of a case, but then again I'm just some rando on the Internet!
People need to wake up and come to terms with the fact that not everything they hear is a fact and indisputable truth.
If a man comes forward and calls himself a Christian, does that make it a fact? Throughout my life, I have known people who claim to walk in the path of Christ but whose actions reflect the contrary. One must not assume a self-proclaimed Christian has your best interest.
Sy Guzman I am with you. At least half of the people that are Uber religious I know are some of the worst people I know. Being religious does not make you a good person.
Kevin do you own any commercial real estate? What is your take on it?
yes hate it
What are your thoughts on investing in other places like Mexico? Sorry if you explain it in your video, I'm at work right now and will watch later.
I like A-B-rated cities. I'm sure you can find those in Mexico too if you live nearby. Invest locally.
Yea but how do I start if I don’t have 50k to put down
I wanna do what Grant Cardone does 😂
Cardone has the brand, let's build up our brands 😎
Should I look nationwide or in the state I live in ??
Where you live - within 30 minutes
@@MeetKevin cool thanks!