837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 29 October 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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! In This Episode We Cover: Why you should stop caring so much about cash flow and focus on THIS instead What to do with “trapped capital” in your properties and how to make more money to invest BRRRRing vs. flipping in 2023 (and which one Kevin HATES) The investing “advantage” you might not even know you have Partnership problems and the one real estate investment Kevin won’t touch Using private money to fund your down payment (and Kevin’s STRONG opinion on this) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Ask David Your Real Estate Investing Question BiggerPockets Podcast 357 (Kevin’s Episode!) BiggerPockets Podcast 822 BiggerPockets Podcast 833 Luke Carl Books Mentioned in the Show: Pillars of Wealth by David Greene Connect with Kevin: HouseHack Kevin's Instagram Kevin's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-837 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast 837.
0:04.0	What's going on, everyone? It's David Green, your host of the Bigger Pockets Real Estate Podcast.
0:09.0	The biggest, the best, the baddest real estate podcast in the world,
0:12.0	every week bringing you the how-tos, these stories, and the current events that you need to make good decisions in today's market.
0:18.0	And in today's show, even though I'm recording this from Bigger Pockets Conference in Orlando,
0:24.0	I'm going to be with me, Kevin of YouTube, Kevin Pathraff. We are in LA at his place,
0:30.0	and we're going to be taking questions from you, our listener base,
0:33.0	and we have a great show for you. Kevin and I get into a lot of interesting topics
0:38.0	from the greater economy to individual specific deals, little bit of everything today.
0:42.0	And most importantly, we cover a lot of people who should not be buying deals.
0:46.0	Not every single situation is something where you should pull the trigger.
0:50.0	We have several today where we say, hey, you should not buy this deal.
0:53.0	You should not partner with this person. This is a bad idea.
0:56.0	You're thinking about it the wrong way, and here's why.
0:59.0	Very excited to bring this show to you, but before we get into it today's quick tip is simple.
1:04.0	Get your tickets for Bigger Pockets Conference 2024.
1:08.0	Now, many people are trying to get into this one in Orlando,
1:11.0	but unfortunately, tickets were sold out and the best hotel rooms were taken.
1:14.0	If you would like to meet me and other Bigger Pockets talent,
1:17.0	as well as a lot of other jazzed up real estate investors,
1:20.0	go to BiggerPockets.com slash events and get your ticket now.
1:23.0	All right, get ready for a great show.
	...

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