Kevin Paffrath, AKA “Meet Kevin,” one of YouTube’s most famous financial influencers and real estate investors, joins us for this week’s Seeing Greene to answer YOUR real estate investing questions. But this time, you’ll hear a bit more about who should be investing, who shouldn’t, and why partnering up on a property is a huge “no-no” in Kevin’s book. Plus, if you’re starved for cash flow in this impossible investing environment, Kevin has some good news for you.
But that’s not all we get into. David and Kevin talk about why cash flow isn’t as important as you think, why dating the mortgage rate could be risky, the social media investing scam you could be falling into, and why investing with no money down is a fool’s game. One investor even submits a potential deal that makes Kevin want to vomit (his words), so if this sounds like something you’re about to buy, run away!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
David:
This is the BiggerPockets Podcast, 837.
Kevin:
My real estate point of view is if I buy a place for 500K and I’m into it for 5 with fix up, I want $100,000 of equity. That’s my goal. Which percentage wise is 20%. So now if I look at investing a million dollars, I want $200,000. I’m actually not the biggest fan of caring about so much what the rent is and the rent cashflow percentages. I want that equity because that’s tax-free money. I hate paying taxes. I paid enough taxes and I’m tired of it.
David:
What’s going on, everyone? It’s David Greene, you host of the BiggerPockets Real Estate Podcast, the biggest, the best, the baddest real estate podcast in the world every week bringing you the how-tos, the stories, and the current…