357: $6M Portfolio Before Age 30 by Finding "Problem" Properties with "Meet Kevin" Paffrath

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 21 November 2019

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

YouTube sensation alert! On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube. Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same. You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice! This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike. In This Episode We Cover: Buying his first property while working at Jamba Juice How he bought with PMI, then removed it later Why he invests as an agent Why he tracks his net worth Common problems that prevent investors from building wealth Buying the majority of his properties from the MLS How he talks to other agents to get deals sent to him Finding a deal while holding an open house Why buying SFR to build equity then exchanging into multifamily is a great strategy Avoiding paying taxes Looking where others aren’t for deals How he still buys homes that get multiple offers Why he DOESN'T want cash flow right now A walk through of his latest rental Attracting quality tenants The best kind of relationship with real estate agents The problems he avoids in rehabs And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Email: [email protected] David's Instagram Brandon's Instagram BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Youtube BiggerPockets Meetup BiggerPockets Webinar Replay Check the full show notes here: http://biggerpockets.com/show357 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast 3 57.
0:04.0	The challenge is in, let me get cash flow now.
0:07.0	To me, it starts with, let's get some net worth going first
0:10.0	and some tools that are going to build us that net worth,
0:12.0	and then use cashless defense.
0:14.0	You're listening to Bigger Pockets Radio,
0:17.0	simplifying real estate for investors large and small.
0:20.0	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:26.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:32.0	Your home for real estate investing online. benefited from BiggerPockets.com.
0:32.6	Your home for real estate investing online.
0:35.7	Hey, what's going on everyone?
0:36.5	This is Brandon Turner, host to the BiggerPockets
0:38.2	podcast, here with my co-host, Mr. David Green.
0:41.8	What's up David?
0:42.4	Not much, dude. I had a great day yesterday got a lot of sunshine and some exercise out here in California. I got a...
0:47.0	Oh yeah, did you really like run like five miles? I ran five miles after a workout. It was really good and then today during our recording I got a message about a new flip deal. So I think I'm going to have three under contract by the end of today most likely so that's a really good day and we had an amazing interview today with a very successful
1:04.0	real estate investor. We did yeah our guess today is a YouTube star so to speak
1:08.9	Kevin from meet Kevin a lot of you guys have seen his YouTube videos. He's very, very popular.
1:13.4	All his videos get hundreds of thousands of views, sometimes millions.
1:16.0	And he's just a bright articulate, smart dude that can really like shares a ton of information
1:22.2	about real estate investing getting started
	...

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