Meet Kevin is *crazy* for doing this to his investors...

what we were able to get done in 48

hours was absolutely insane this is the

story of how we spent 48 Hours traveling

across the country to make money for our

businesses and our investors 4 a.m time

to get to work

the schedule for the next few days is

insane I think we've got three different

locations to fly to today we got to get

to NorCal Utah Ireland so we get a lot

of places to go okay let's go through

the actual pce pce basically just

matched across the board we did just

finish the pce live stream this is kind

of what it looks like behind the scenes

this is generally the iPad I'll take

notes on and I can show those up on

screen uh this will let me switch

between various different views this is

a desktop switcher this desktop to that

desktop now this is where I'll record to

we got the stock charts the coffee

RuneScape Matt right here I actually put

this little fold out bed in here trying

to get set up for the fact that we're

about to have twins coming welcome

welcome back to another course member

livestream today's gonna be a little

shorter than usual yeah it's Jack's

birthday happy birthday Jack he's eight

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oh two of them what's happening over

there

you guys have fun at school

bye Jack and Max I'll see you in two

days gotta go make some more videos 40

minutes before the flight takes off and

there's a property that just came up on

the market we have four units and it's

right next to a very very desirable

coffee shop I gotta do a thumbnail

really quick four minutes left all right

yeah I think we're good so we did our

course member live stream we filmed four

videos this morning I just scheduled the

next one now we're going up to NorCal to

check out a property that we've got

let's go 69 for PP

this is Ken he's our in-house attorney

hello you have documents for me to

review that's what we're gonna do while

we fly all right let's do it I'm gonna

post the video right now see we've got

this video it's called Uh the collapse

of the dollar Tucker Carlson's great

warning it looks posted and we're taking

off and 55 minutes after hitting post we

have landed let's go look at some real

estate how about we start with a fire

one now the cool thing is I can leave

all my junk right here and it'll be back

here when I come back let's go but only

after I pour myself some more coffee

very good

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does anybody know what caused the fire

well I mean everything got hit and the

whole house was on fire

so the lady was taking a shower yeah and

just I guess like a log rolled out of

the fireplace or something like that

yeah you can see where the soap was

that's so weird that soap is hard this

probably was a white bathroom because

you could see the white paint all your

ducting is gonna have to get replaced

through insulation your drywall uh

because otherwise you'll never get rid

of the smell too and and then you just

don't know how high the Flames went

through the roof or just out windows see

this is what happens when the fire just

is seeking oxygen out of a window so it

comes flying out of the window and

damages all the Cosmetics on right

outside every window you're gonna see

that that's going to take a hot minute

to fix up bad puns pineapple and Sushi

all right so here's the thing about the

burn house you're gonna have to put in

fire sprinklers because you're going to

remove enough of the drywall to where

they were going to require it the house

was built like six years before they

required fire sprinklers but now they do

obviously they're gonna be code

violations on it because it burned down

everybody's going to know about it so of

course the city's going to be there so

you're going to get with Architects and

Engineers who have to certify the

structure of that property then you have

to put it all back together with 2023

code they're probably selling that

property because the money they got from

the insurance company don't cover it

they're upside down

so we were here two weeks ago when we

first wrote the offer we didn't get it

they went with somebody else I was

almost certain that offer was going to

cancel and I was not willing to pay the

price that they were willing to pay and

so sure enough when that deal canceled

they called us up and said hey

we're like sure why not it was a little

more negotiating involved time

oversimplifying here but the point is

now we own it was this painting already

removed

with the paper here where is she let's

find her oh my gosh she's right here

McKay

I got something for you this was just

taped to the wall because you can't get

holy water

what we're doing right now is we have a

smaller much more mobile matterport

camera I'll link it down in the

description it's an affiliate link I

love this company it's not going to be

as good as the matterport Pro 2 camera

which is like three thousand dollars or

the Pro 3 which is like six thousand

dollars but for our purposes which is

documenting and then being able to know

okay that's right we got to get that

many light fixtures or that many door

knobs or that many hinges or whatever

it's so great and it's much faster at

scanning my suspicion is I can get this

entire property done in less than 15

minutes so the most important thing now

is making sure that we get through the

first of everything so that's going to

be the first cycle where our accounting

team is handling the bills and I'm

approving them right we're negotiating

these bills right we find the vendors

that are giving us the pricing that

aligns with what we're trying to

accomplish it's the first time working

with everybody that's going to be the

hardest but it's not just working with

other folks it's getting the entire team

to where everybody is on the same page

and we know okay this is what we did on

the first project the second project the

third project let's now replicate that

at project four five six seven now all

of a sudden you get scale now all of a

sudden you don't travel with an entire

team to every individual property

instead one person goes matterport scans

it runs the inspections because they

take our inspection kit and then they

can report back and go hey here's here's

the status now we don't necessarily have

to go to every single property that's

important but everybody's got to be

built up to that level of experience

first and so that's why probably for I

would guess the first thousand homes

that house hack buys and rolls or

whatever we want to do it'll be very

important that I'm involved in every

single one so that way as I sort of pass

the torch and we build the team so to

speak I'm still involved to make sure oh

yeah that's the decision that I would

have made right the idea is what would

Kevin do how can we replicate that in

different parts of the country hey so a

lot of people are wondering are you

gentrifying neighborhoods by going into

fixer-uppers like this hoarder houses or

drug houses absolutely not we're

actually doing the opposite what we like

to do is just bring properties back to a

healthy and safe living level in other

words bring it back to what's normal for

the neighborhood making sure that the

property can be renovated to a livable

state to where a family can move into it

again all right that does it for NorCal

now we gotta get to Utah and then we're

going to Maryland so let's go okay we

have landed in Utah stop number two

really important to remember that real

estate is all about people you have to

be in with the agents and so what did we

do we looked at a house an agent was

pitching us but wasn't right floor plan

kind of funky we looked at the cops

inconsistent comps with what we were

looking at so we convey that to the

agent the whole point of that is so that

way in the future the agents know look

we closed deals we're ready to work with

you but you also know what we're looking

for we realize that in building a

startup it's going to take effort to do

it and it all get easier in time the

first times are always the hardest and

it's just all flows we're building

strong foundations now this house just

keeps going this was an exterior wall

right here this is like a rust base that

they just wanted to keep adding on to

okay that's a bizarre place to put a

panel hey it even looks like a

stonewalled rust base right here see the

top is still wood and they upgraded the

bottom to Stone Wall except it's soft

side so remember how I mentioned that

the first time is always the hardest

finding a new roof for finding a new

fence repair person finding that new

HVAC or countertop or pain or a flooring

person those are all challenges now we

are striking gold at the moment we are

winning nine out of 10 times on these

vendors but here I had a few qualms with

a couple of the vendors this is a brand

new shingle that was put here and it was

ripped but they installed it anyway this

is not a new shingle see this right here

none of these are new this one's cracked

this is not an okay job now the good

news is the roofer agreed he messed up

he came out replaced all that broken

shingle and resealed everything the way

we wanted it done and then we paid him

now we know though in the future we

either have to use somebody else or we

have to be even more clear with the

vendor so that worked out great and no

extra cost the fence individual let's

just say we got them down to time and

material Ariel and now we're waiting for

them to send us their receipts this is

just the day in life of working in real

estate and we'll pay when we see the

receipts otherwise we'll make a

reasonable effort and make sure they get

paid for the work that is functional

that they did do and move on but we

probably won't call them again next we

went to go visit this acreage which

first of all busy road didn't really

like it could maybe work for an

apartment building but what you might

not know is with all the increases in

prices City budgets have been getting

slushed and guess what happens when the

city budgets get slashed you think the

mayor's office gets the cuts no it's

building and safety every time they get

understaffed less people at the counter

less plan Checkers less reviewers that's

how Housing Development gets bogged and

slows down they don't spend enough money

on these departments I don't want to

deal with a bogged down department and

developing in this macro environment no

thanks because I have other businesses

to run we hopped on the plane and flew

to Maryland this is why I think

I had to do what I want with it 3 A.M

and we've made it oh it's crispy out

here in Maryland

welcome to 1860. I think soldiers were

quartered in that house no that would be

like a few years earlier but anyway I

got to do a podcast with Tim Poole once

on his podcast once on my show went

great and I highly encourage you watch

it and we took off and flew to Tennessee

we have made it to Nashville Tennessee

we got some real estate to look at it is

bubble out here and I want to find me a

bubble so I can take advantage of it

what are the problems with Nashville is

less tracked people hear tracks and

they're like I don't want to track them

I want tracked homes because I can comp

them out they're much easier to comp out

if everybody's got a custom home how am

I supposed to comp it it's not that easy

it creates more risk more risk is what I

don't like in a real estate startup you

have to be risk averse you have to make

sure investor cash is going as long and

as far as possible and you have to make

sure you're avoiding unnecessary risks

and doing a poor job comping properties

is a stupid unnecessary risk which we

won't do it is the definition of what

you want to buy next to over improved

over improved front doors I mean they

spent four thousand dollars on their

front doors new dual pin Windows they

probably spend another four grand

another garage door beautiful light

fixtures they poured their uh driveway

very nice and then you buy the crappy

one next door that has the paint that

hasn't been touched in 30 years the lack

of driveway basically hold everything

yesterday morning I was able to go from

office work to looking at three Deals

that we now own at househack each of

them over 120 000 wedges were able to

get for media purposes all the way to

the other end of the country film a

podcast get to another city for Real

Estate exploration for house hack and

then make it all the way back home to go

to sleep in my own bed so that way in

the next morning I could be in the

office again making sure we're good on

books media Studio supervision deal

analysis everything that is we do it's

kind of incredible the amount of power

that this unlocks for really

productivity I mean that's what it is

it's a tool sometimes people are like oh

budget we want to sit around and be all

bougie or whatever I'm sweating my ass

off every single day trying to work

because I love it Lauren actually she

says you know

I know you'd never cheat on me because

work is your cheating that's that's what

you cheat on me with it's work you just

end up working more she's not wrong so

anyway let's go home

foreign

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you have done so much people love you

people looked up to you which I say yes

meet Kevin where does this mean we are

in the economic cycle should we be

thinking about buying real estate should

we be thinking about buying stocks I

have a background in real estate as a

real estate agent real estate broker

real estate investor a stock market

investor and fund manager why not

advertise these things that you told us

here we'll try a little advertising and

see how it goes always great to have you

on Kevin path right there financial

analyst and YouTuber meet Kevin

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