15 Mistakes New Investors make on Fixer Uppers.
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- Опубліковано 4 січ 2019
- Thinking about renovating an old house? Let's look at this fixer upper and analyze some noob-vs-pro misconceptions when it comes to fixing it up & investing into it. Then, let's see if this house is worth the investment: Can we flip it? Can we wholesale it? What would the profit, the ROI be? Learn the real ways of making money with real estate & psychology - use code [WedgeLife] for *29% OFF* metkevin.com/program
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Love how educational your videos have gotten! Also, you have gotten really smooth with how you mention/teach investing now. I love it, keep it up!
Thank you so much Mitchell!!
Mitchell McCauley and his videos are even better now! I don’t know how he does it. Practice makes perfect?
@@MeetKevin too many noobs in my area cant sell , they want 75% of my pie and make double witch leaves me nothing
Incredibly high value vid. NOOB's take notes. I've flipped 40+ properties in several countries, and the process Kevin just outlined is exactly how it's done in real life. 👍
Thansk George!
How do you flip houses in different countries, do you travel personally or do you send someone? I have a full time work but would like to get into flipping on weekends.
CA real estate is insane. That crack shack is $400k? WTF?!?!?
RManning404 Say no more. In my city new penthouses in the city center cost the same. This kind od shacks maybe 5000 Lol Perspective
@@MySipuli and what city is that?
@@JustinAKaram In Northern Europe
$399,999 for the land, $1 for the house.
Crack shak..... Lmao I m done
Here in Kentucky, $405K will get you a mansion haha crazy to see the difference in markets
Underestimating repairs is so true. There was repairs in this video that didn’t even occur to me. Good stuff!
Thank you!!
If my next house doesn't have a gravity lift to carry troops and supplies I'm not buying no matter what the real estate says
I love all of your videos Kevin! Please continue to make more. I realize I learn much better when watching your videos versus watching other investors videos. I hope Grant Cordone’s case against you gets thrown out by the judge. You are such an inspiration & a good educator trying to help us (un-educated middle class civilians) improve our lives & relieve us of financial debt. Which in turn improves the economy overall. Grant Cordone should have contacted you personally about the issue before trying to sue. Instead he’s using it as an opportunity to shut you down and take your money. Everyone deserves a chance to make things right. Thanks so
Much! Witney- Honolulu, Hawaii
Wow! Its expensive out there! I just picked up that same house here in Fl for 50 k lol. Great video! Smashing like button!
Not anymore!
$519k for 750 sqft house. Housing market is crazy there.
I wouldn't pay that much for a 750 sqft unless it had a couple hundred acres of land with it, a barn and a shop. ;)
@@Arkine13 I was thinking the exact same thing. That number slapped me in the face lol.
Demand is demand.
Lol, yeah. Where I live, half a million will damn near buy a mansion.
That thing would sell for like 18K where I live😂 BTW I live on the middle of Nebraska.
These videos teach so much it’s awesome, Kevin brings us into his reality
Thanks Zachary!
I've seen quite a few of your videos, this was the best by far. Surprised how knowledgeable you are with regards to building trends from 1925. Crunching the numbers was great too!
That was EXCELLENT, Kevin. Love your keen eye for renovation costs and your analysis at the end. Would love to keep seeing more of these!
The fact that you gave a real world example with maths and everything included makes you easily the best Investment UA-camr out there. Just turned 21 yesterday and thanks to all your advice along with researching other ways I'm almost ready to give something like this a go. Thank you so much for providing advice like this
Old school RE MeetKevin videos are the best
OMG gravity hole....bout fell out with the Halo cut scene. Love it!!
First time watching ur channel and I love how you get straight to the point. And then give the lord and cons of each situation as well as showing different points of view and then the optimal choice
Bought my second home. Using a lot of your techniques. Saved a ton of cash and confident in what I do. Illl go to your next seminar
Kevin! I just want to say this is one of your best videos in my mind. I'd love to see more like this 👍🔥🔥🔥🔥🔥🔥
Love these “noob vs pro” walkthrough videos!
LOL I love these older videos, you knowledge is above the normal person and you have continued to grow! Inspiring.
Kevin, please do a
Fixer uppers :EXPOSED
Pertinent information packaged within my ADD timeframe 😁 keep up the good work Kevin!
That feeling when you’re watching these vids & constantly identifying with the Noob 🙃
You live and learn
The maker of this video was once a noob
Nice Kevin,
The additional commentary really adds depth to the noob pro series
This real estate content is entertaining and informative, i cant get enough! Keep it up bro!
Hey Kevin, thanks for doing this. This is the next venture I'd like to pursue after my current rental because most of the homes in my current area don't cash flow well. Eventually I'd like to start going to auctions because investors are not really looking into the areas I'm monitoring. I'll probably look into your class once I actually have more capital to utilize on fix and flips.
I love these types of videos. I learn so much and it’s really your best super hero talent
Great video!! Really enjoy these types of videos by YOU! 💯💯💯
Thanks Kevin! this video was very informative.
A lot of this information was really helpful, and I actually ran into some of these issues on my first property which was a fixer upper(hope that makes you happy Kevin;) )
Enjoy the breakdown on this potential fix n flip. Valuable analysis. Thanks for sharing Kevin.
thanks for the support!
Now these are the videos I want to see from you!! Great stuff kev! Keep it up! I criticized you for that Cardone video but you won me back with your recent video saying you weren’t going to do that garbage anymore! Awesome stuff!! Love your investor program too!
Promised! Garbage is DONE. Only quality information.
So excited for the revisit of the flip on this house
Awesome video man !!!!! Love it 👍📈
Love this kind of information!
Thanks for being straightforward and informative.
anytime; expect more
Thanks for the numbers breakdown! Great video
Kevin I buy houses like this in Oregon for around $50,000 they rent for around $650 to $700 a month and I love it.
Where? Must be Eastern Oregon?
Southern Oregon
Hello Kevin, What application are you using for the remodel preview you're showing us in this video? I really like your channel. keep it up
Awesome video. I can come back for this stuff.
I love when you put those obscure video game references in your videos!
It’s all about the truth! And reconciliation 🤪🤪🤪
Wow you are getting such great sponsorships now. You are growing so fast!
Thanks Bro, very enlightening.
Awesome tips! I am gonna have to go through a few of your videos here soon before I start looking at properties, its finally time! :D
I really like these types of videos.
More coming! :D
Hi Kevin thanks for sharing your knowledge, I’m saving some money, so that way I can buy my first property here in Nashville Tennessee, thanks again!
Love your stuff man. Pretty informative. Hope Mr. Cardone doesnt still dislike you :P
Awesome content, thanks for the info. What are some resources where you can learn some of the things you mentioned such as pipes, hardware, structural, etc?
Halo reference very nice
Thank you!! Miss those days
@@MeetKevin Miss those days as well. Good times.
Thanks Kevin much love from Australia 🇦🇺
Great video! Thank you!
Glad I dont do flip houses in your area. Those numbers are all outrageous!! My first flip house was 2-3 times bigger then that house and costs a 1/3 of your estimate to fix.
Love this new video concept!
I'm learning, thank you.
THIS IS IT KEVIN! Excellent
Excellent explanation. For $500k my brother just bought a huge place in The Woodlands with lots of trees, emerald green grass all around, small lakes, great schools, etc. Amazing the difference in prices/sq ft. Thank you for the video.
Hi Kevin. I am new viewer .I really like your numbers, they are real.I am a Florida contractor ,Done flips and new constructions in Sarasota.Those numbers are good.
Hey Kevin, awesome video,what program was that where you showed the possible renovation of the flip. Great way to visualize it.
Thanks for sharing your knowledge!
Love this. More vids like this please.
Great information thank you so much!! I’m new and good to know what the REAL costs are !! 😅
Thanks bro love the video keep these up. Love them really helps on what to look for and where to use all the money and show the profits. I have one question though do you do the construction like some of the things? I think I heard from your last videos you had like your own little team or something? Is that included with the cost your making or is that separate. (When I start since I know some construction ima try to go with things I can do by myself and then something’s I can’t I’ll either try to figure it out so I can learn or hire someone?? What would work best???) but I’m more interested in renting
Murica ... where 700sq ft shack that should be demolished is called a "house" and people are lining up to flip it for 400k+
Eugene trust me.... It's worse up here in Vancouver, Canada
That's just in Cali. Cost of living is ridiculous hence why there's a lot of people on Skid Row.
Dude that's not "Murcia" lmfao. This is in Southern California. In MOST of the U.S. 400k can get you a FAR nicer and bigger property. You dont understand property values lmao.
@@mycelia_ow LMFAO right, California and new york are horrible to live in here in texas a 400k house would be massive
www.zillow.com/homedetails/12535-Juniper-Xing-Houston-TX-77041/58675540_zpid/?
www.zillow.com/homedetails/2535-Talina-Way-Houston-TX-77080/28105334_zpid/
Very informative... seeing these repair numbers made my eyes pop out of my head! Yikes....yes, you need to crank the numbers, especially as a NOOB Real estate investor. Will need to purchase your course when I am able to jump in.
Can't wait to see ya there! ty for the watch!
Best content of its type on UA-cam.
Good video , thx
Excellent info 🙏
Great video Kevin.
I loved this. Will look out for more of this kind. Also, what's minimum to be valuable to an "AS IS' property sell.
SORAH WEISS hey I’m a Realtor in CA too so maybe I can help. What do you mean by “minimum to be valuable”?
Lmao from our sponsor MEET KEVIN! Gotta love the self sponsorship
Let’s start a campaign to get Kevin a steady cam for his phone
First to support Kevin 💯🔥
you rock!
Cool analysis for me! I have a 725 sq ft 1950s. Not sure yet what to do. Thanks!
there ya go!
Great video! makes me want to do the online real estate course lol
Great video!
Loveeee it!
After fixing and putting the property up for sale how do you keep vandals out ? Don’t like the location unless I own the car dealership.
I am curious as to why you are sticking to the California house market where prices are ridiculous when you can go to Florida, South Carolina, or even Texas for bigger profit margins and less work?
Nice Video 👍
Great video beginning to end
ty!
In the midwest a house like that is worth 30-40K and might sell for 70-80K fixed up. Should I simply be looking at larger houses with more margin, or spending less on remodeling? Would it make more sense to spend less and rent a house like this? Thanks for all the great info!
7:16 “haven’t seen any cracking along the exterior”
Theres a crack behind you on the chimney
Good catch. Would that be a sign of foundation issues? California earthquakes or what?
You could take and skim coat the stucco and then run a nice looking finish
My brother bought a house in Dallas for just under $500,000..........Its 4000 square feet......5 bedroom 4.5 bath, pool, made of brick, spiral staircase, unbelievable home.
Anyone chancing this house is gonna hold its value in California is crazy........people are leaving in droves.
these kind if videos i can stand behind.
yay!
+1 for the Sgt. Johnson reference :-)
What software were you using to visualize the post renovation layout
Love finding random halo references 😂
Wow this is super comprehensive. I’m doing a home remodel right now for something I’m gonna keep and rent out. But I’d love to do my first flip next year if I can. Thinking of buying your course. But is that smart if I’m buying in florida? I don’t live in Cali!
The Florida Murphys as far as I know, his course would apply to anywhere in the states but I’m not a course member. Crazy times right now with COVID-19. Is that causing issues with getting your remodel done?
Another pro might say. Hum a car repair shop next door...I see a commercial property that can be prep and rent for cashflow that later can be resell when equity happens ;)
Can you continue to keep us updated with your Cardone lawsuit? I think a lot of us would like to see that part of things too.
0:50 I hate it when that happens, I passed on a property last week because the neighbors to the south looked worse than the actual junk yard.
WOW nuts!!!
At least most junkyards are neat and organized, most folks can't see past the old cars
Nice video....yeah knowledge
Been planning and crunching numbers all night. Thought i could use my school loan to use. Approximately 9,000. I found a 1976 house on a old golf course for 45,000, pretty bad interior and porch condition. Think i could replace all the walls and floors, straiten up the exterior, and flip it for a profit of 25,000. What do you think?
This looks like the kind of stuff I invest in... except I live in Indiana so more like $50,000 total investment.
crazy disparity in price between the regions -- how's your appreciation up there?
Meet Kevin nearly non-existent appreciation here lol. My friend bought a house in 2013 for $150k that is worth $175k now.
There are still people who flip all the time for $10-30k profits. I would rather buy and hold. CashFlow focus. Pay less in taxes.
Meet Kevin rents are $450-900 for a 1 bed 1 bath apartment depending on the location in Fort Wayne, Indiana.
Except *
A Conneely- that’s what I was saying. Flips aren’t as good here in Indiana. It doesn’t make sense to make $10k when you can buy a house for $50k and make $10k in rent the first year. If you structure the depreciation up front and you have the property leveraged, you may not even have to pay any taxes on the $10k in rent the first year.
Bubba, I like your channel. A Noob drives a Tesla. A Pro drives any other TRUCK. :)
How does it work when you represent yourself? Also, what program were you using when you were touring the kitchen, great content bro!
You know Kevin is a gamer when he was splicing in Halo for memes.
This really goes to show how location effects price. That same house in my area would be worth a maximum of $100k if it was in decent shape. Things are cheap here in Oklahoma.
warlock111395 that house would be worth 30k where I live lmao
Heck yeah, Oklahoma real estate! Found a fixer upper on Craigslist, asking price was $134,000 but it had 4 bedrooms and 2.5 bath. It was in Bethany
Is there a follow up video for this house?
I love kevin