Ken, as a high income professional that continues to trade time for money, I think this cash flow concept should be call in ALL schools. If we knew that as soon as we graduate, focus on buying assets that cash flow to pay our expenses, then maybe we wouldn't have such a HUGE student loan debt problem.
Excellent content, Ken. Why do you differentiate between expenses and debt? I am very new to this, so thank you for your expertise. When is your next book coming out? Cheers.
Thank you for your educational content, Ken. What are your thoughts on how to deal with rough neighborhoods? I've come across properties with untapped income potential, but I can't imagine the location would allow me to charge more. I'd love to understand the strategies on this. Thank you.
Ken, I love your information. I cant tell where one subject begins and ends. Your like a tweeker racing thru it, as if we are all walking away from you. Take a breath between subjects. Recap the 10 best ideas.
Hi Ken! I am a new investor and I am "stuck" with the numbers.... I own a property free and clear in VA. It is valued at about 360K. I have equity and want to do a cash out refi. I am prequalified for a 250K loan. I have to come up with money for the down payment & have 2 options to buy my next rental property: 1) Buy a property < 250K and pay cash with the loan. 2) Buy a property > 250K. Use the cash out refi for the 20% down payment (30yr Fixed @ 4.87%) and a conventional purchase loan with a lower interest rate to finance the rest. (30yr fixed @ 3.25) The goal is to finance 100% of this purchase with 2 loans. I have been pre Q for both loans already. *Which scenario would you recommend? *How can you calculate cash on cash and ROI when you finance 100% of the purchase and have 2 mortgages or when you pay in full but still have the cash out refi mortgage? Thank you!
Super helpful, thanks Ken! Is there a 'napkin calculation' that can be done to ballpark cashflow when trying to weed down a big list of potential buys? Also, I had no idea you could appeal property taxes. Mind doing a video on this?
Hi can could you do a video or explain if there are tax benefits for commercial multi family versus residential multi family. Thank you! Long time follower:) Plan on starting premium in the fall
Hey Ken! I’ve been following you and other members of the Rich Dad advisors for a few years now. As always gets video. When your looking at properties that have value add or that need a little work to be able to increase NOI do you use the upfront cost in your initial assessment of cash flow? Also, Do you get the investors to put up the money for the upfront capex expenses?
Hope your investing in the Stpete clearwater area. The area is exploding. Lots of new jobs and tech moving in. I hope the youth can hear your wisdom. Keep up the great work my friend. My moto is pay it forward and I believe you have the same mindset.
Ken, I love your information. But, I can't tell where one subject ends, and another begins. Take a breath. Put a pause between, give our brains a chance to catch up.. end with Recap the ten best ideas.
Hey ken i don't get it if a property is good,if it is producing positive cash flow. And will appreciate in value so why does the owner sells it! I mean if the owner wants money. So the property is good right, It it must have appreciate in value. So why doesn't the owner refinances it? And pull out the equity??
How do you get a bank to loan you a cash out refinance based solely on appraised value rather than purchase price. I’m just getting going and I’m wondering if there are certain lenders who operate the way.
I'm 57 now and retired, I can say that there is no late time when it comes to investing. I have taken advantage of the stock market. which has been a stable investment. I can't tell you what to do with your money, but this has been of help
This is insightful, I lost my wife 5 years ago, being alone sucks. I don't believe much in luck so I took my time to make proper use of the money we saved together and invest it appropriately. I thought of leaving it in the bank, but I wasn't making any profits and I had to give up a lot to keep saving. grace came after meeting an IA through a friend of my late wife, and he has assisted in bringing stability to my life.
My appartment is the cheapest sanitary place I've found to cover my basic needs. No storage needed, no services needed, I don't care if it is stilized in the 80s. Anyone paying those extras is, in my humble opinion, burning money away, and with exceptions like retirees with decent pensions, keeping themselves poor. They should watch this video and re-evaluate their priorities. Maybe even avoid you as a landlord. No offense, of course.
Nice video and great work, Honestly the right information is what we need to succeed. I believe the benefits of a successful trade comes from an expert and that is why i make huge profit with the help Mrs Carlos Shirley.
Can you explain in the next video how can a family buy a home where they can live in if folks like you buy them all out and drive prices up. Do you feel like you are contributing to homelessness or lowering people's standard of living? Owning 10 thousand properties is not even funny.
For sure, hes not running a charity, nickle and dime tenants into poverty. On the other hand, people can vote with their feet, they have choice, freedom, they can get in the game, educate themselves, and rent cheeper or buy. Yes, the weekest players are forced out into rural areas or government housing. Its working, Our country is doing pretty good. 😍
Well, ironically, Ken is actually making housing MORE affordable and INCREASING the standard of living. Remember one thing, the Private Sector ALWAYS is more efficient and cost effective than the government. Government suck at everything that it does and the government knows this. Therefore, Government gives tax breaks and tax incentives to landlords to provide affordable housing. Keep in the mind that landlords can increase the rent but they are constrained by the market rent (if all the other landlords are charging $1000 in the neighborhood, and you're charging $3000, no one will rent your house unless you drop your rent). Landlords and other private sector businesses are all constrained by a profit and loss. Government on the other hand is NOT constrained by a profit and loss and I bet you it will cost WAY more for government to build or landlord. Government spend like drunken sailors and it's alway over budgeted and takes forever for things to be completed. Take a look at San Francisco for example, the government just spent $60k per tent per person. Ken is also improving distress properties and eye sores. You've seen vacant or ugly apartment buildings before, Ken would fix it up and it's better for the community as a whole. Homelessness is a result of failed Government and failed Federal Reserve policy. The Government picks the winners and losers in our society.
Ahhh so this playbook is the reason all these apartments keep jacking up rates without providing any upgrades or additional value each year. Thanks for the generational grift fam
