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How to Buy a House & Make $80,000 Instantly | Start with $750
ChannelMeet KevinDescription from the creator
Buy real estate. NEW 40% off Coupon code ImNotLeaving 🔥🔥🔥 Lifetime access to programs on building your wealth & new updates in stocks, real estate, management, sales, or Youtube. metkevin.com/join Want deals off market / before they hit the MLS? Checkout metkevin.com/deals for DealMachine!
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In this video I’m going to show you how to buy a house by starting with $10,000 and how you can make $80,000 quickly. First, you need money. How much depends on what options you have. If you don’t have money, google “community development corporation in your area. Like Ventura Community Development Corporation. Ask what type of “Down payment assistance programs they have. A client of mine bought a $250,000 property with $750 out of pocket because they qualified for a state grant. All you have to do is ask for down payment assistance. Step 2: Get qualified for a loan. You can do 3.5% down as an FHA loan which lets you have a bit higher Debt and lower credit score. Or you can do 3-5% down as a conventional loan. If you just graduated college and just got a job, you might be able to qualify with 2 years work experience already. Otherwise you need at least 1 tax return at your job and year to date income statements. Yes, you’ll pay mortgage insurance, but watch this video on mortgage insurance to learn why you SHOULD pay mortgage insurance. It’s stupid not to. Ask your lender quote “preunderwrite your loan” to be more competitive. Step 3: Find an agent that knows the neighborhood you’re looking in. Go to zillow’s agent finder and look for an agent IN your zip code, ideally within the neighborhoods you want to buy in. Step 4: Find a single family house, or a condo but condos are harder, that’s dated and stinky. Ask your agent, who better be really good at selling houses in that neighborhood, what common issues are and what common costs are with the house you’re buying. Step 5: Write a competitive offer. You’re going to be against multiple offers. If you’re not, that’s a bad sign. You’re probably looking at something over priced if you’re not against other offers. The more you know going into the deal about the sellers motivations and the condition of the property the better. If you can s shorten your inspection contingency to 3 days do it. If you can shorten your loan contingency and waive an appraisal contingency, do it. Do not ask for credit backs and not complicate your offer asking for nonsense like termite repairs or warranties if you don’t have to. VA buyers might have to. But otherwise, keep your offer clean in this environment. You’re goal is to find a place listed for let’s say $200,000. It’ll get bid up. Fine. Say you pay $250,000 for a house that’s sitting in a $350,000 neighborhood. You’re goal is to leave the walls, don’t move structural stuff, and, leave as much as freaking possible. If you don’t have money, do the bare minimums! I used to scrub floor tiles to save them because I had no money. If you have money, spend in cost effective ways. Glaze the tubs, paint the walls, carpet the floor, paint the cabinets, change the knobs and spend as little money as possible to make that place livable. The point is: you now control a property that’s livable in a $350,000 neighborhood. But you just spent $250,000 buying it and let’s say $20k for fix up and closing costs. Your equity, your net worth, now increased by $80,000. Step 6: In the future, when you’re ready, refinance the property.
Don't wait to buy, buy and then wait.
📝Contact Information for Kevin & Liability Disclaimer: meetkevin.com/disclaimer
🏎️Get Money or Miles when you order a Tesla: metkevin.com/Tesla
🏠🏠Great way to Find Deals in Real Estate: metkevin.com/deals
Important
⚠️Invest with Kevin (Coming Soon) metkevin.com/invest
👧🏼Lauren's Videos metkevin.com/wife
💠Top 41 Stocks: metkevin.com/1337v13
♦️Easiest Index Fund (Start Here - Wealthfront): metkevin.com/start
Videos
🔴What Youtube Paid me in 31 Days metkevin.com/pay
🔴My Net Worth metkevin.com/networth
🏠Real Estate ONLY Videos metkevin.com/realestate
🤑Stocks ONLY Videos metkevin.com/stocksonly
📟Federal Reserve ONLY Videos metkevin.com/fed
Gear
📟3D Camera Kevin Uses (Save Sales Tax): metkevin.com/3dcamera
🛍️Cameras, Gear, Books metkevin.com/Gear
🦠Amazing Air Purifier metkevin.com/air
🛌Get up to $300 Off with Purple metkevin.com/purple
Programs
🏡Real Estate Investing metkevin.com/invest
🤵Real Estate Sales metkevin.com/Sales
💰Stocks & Money metkevin.com/money
🧰DIY Property Management, Rental Renovations, & Asset Protection metkevin.com/DIY
⚠️YouTube Program [Make Money from Home] metkevin.com/youtube
🎥Private Livestreams metkevin.com/live
Use Coupon Code 🍎STIMULUS🍎
⚠️⚠️⚠️#StimulusChecks #StimulusUpdate #Stimulus ⚠️⚠️⚠️
In this video I’m going to show you how to buy a house by starting with $10,000 and how you can make $80,000 quickly. First, you need money. How much depends on what options you have. If you don’t have money, google “community development corporation in your area. Like Ventura Community Development Corporation. Ask what type of “Down payment assistance programs they have. A client of mine bought a $250,000 property with $750 out of pocket because they qualified for a state grant. All you have to do is ask for down payment assistance. Step 2: Get qualified for a loan. You can do 3.5% down as an FHA loan which lets you have a bit higher Debt and lower credit score. Or you can do 3-5% down as a conventional loan. If you just graduated college and just got a job, you might be able to qualify with 2 years work experience already. Otherwise you need at least 1 tax return at your job and year to date income statements. Yes, you’ll pay mortgage insurance, but watch this video on mortgage insurance to learn why you SHOULD pay mortgage insurance. It’s stupid not to. Ask your lender quote “preunderwrite your loan” to be more competitive. Step 3: Find an agent that knows the neighborhood you’re looking in. Go to zillow’s agent finder and look for an agent IN your zip code, ideally within the neighborhoods you want to buy in. Step 4: Find a single family house, or a condo but condos are harder, that’s dated and stinky. Ask your agent, who better be really good at selling houses in that neighborhood, what common issues are and what common costs are with the house you’re buying. Step 5: Write a competitive offer. You’re going to be against multiple offers. If you’re not, that’s a bad sign. You’re probably looking at something over priced if you’re not against other offers. The more you know going into the deal about the sellers motivations and the condition of the property the better. If you can s shorten your inspection contingency to 3 days do it. If you can shorten your loan contingency and waive an appraisal contingency, do it. Do not ask for credit backs and not complicate your offer asking for nonsense like termite repairs or warranties if you don’t have to. VA buyers might have to. But otherwise, keep your offer clean in this environment. You’re goal is to find a place listed for let’s say $200,000. It’ll get bid up. Fine. Say you pay $250,000 for a house that’s sitting in a $350,000 neighborhood. You’re goal is to leave the walls, don’t move structural stuff, and, leave as much as freaking possible. If you don’t have money, do the bare minimums! I used to scrub floor tiles to save them because I had no money. If you have money, spend in cost effective ways. Glaze the tubs, paint the walls, carpet the floor, paint the cabinets, change the knobs and spend as little money as possible to make that place livable. The point is: you now control a property that’s livable in a $350,000 neighborhood. But you just spent $250,000 buying it and let’s say $20k for fix up and closing costs. Your equity, your net worth, now increased by $80,000. Step 6: In the future, when you’re ready, refinance the property.
Don't wait to buy, buy and then wait.
📝Contact Information for Kevin & Liability Disclaimer: meetkevin.com/disclaimer
About this tutorial
Meet Kevin published this 8:22 video tutorial on October 25, 2020. It has been watched 80,351 times on YouTube.
- Channel
- Meet Kevin
- Category
- Education
- Duration
- 8:22
- Published
- October 25, 2020
- Views
- 80,351
- Likes
- 4,270
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Further reading
-
How To Buy A House, In 7 Steps : NPR
npr.org
The journey to buying a house can lead you down some perilous roads, past pushy real estate agents, self-interested bankers and not-so-meticulous home inspectors. Here's a step-by-step approach to ...
-
Realtor.com
realtor.com
We would like to show you a description here but the site won’t allow us.
-
10 Most Important Steps to Buying a House | Zillow
zillow.com
No matter when you plan to buy, there are a few things you should know. On average, the process of buying a house takes roughly six months. That includes about 4.4 months to shop, plus 30-45 days to close. The process o…
This tutorial in other languages
- FRComment acheter une maison et faire 80 000 $ instantanément | Commencez avec 750 $
- ESCómo comprar una casa y hacer $ 80.000 al instante | Comenzar con $ 750
- PTComo comprar um House & Make $ 80.000 instantaneamente | Comece com $ 750
- ITCome comprare una casa e fare $ 80.000 Immediatamente | Inizia con $ 750
- DEWie ein Haus kaufen und $ 80.000 sofort Stellen | Beginnen Sie mit $ 750
- NLHoe maak je een huis kopen & Make $ 80.000 Direct | Begin met $ 750
- RUКак купить дом и сделать $ 80 000 Мгновенно | Начните с $ 750
- PLJak kupić dom & Make 80.000 $ Natychmiast | Zacznij od $ 750
- JA家を買う&即座に$ 80,000作る方法| $、750で始まります
- ARكيف لشراء منزل وجعل 80000 $ على الفور | تبدأ مع 750 $
- HIकैसे एक हाउस और खरीदने के लिए $ 80,000 तुरन्त बनाओ | $ 750 से शुरू करें
- IDCara Membeli Rumah & Membuat $ 80.000 Seketika | Mulailah dengan $ 750