Meet Kevin: He owns $4.5 MILLION worth of Real Estate by age 25

So I pulled up a second chair. What do you say I bring Graham in? Let's do it! How'd it get here? How'd you get here, dude? Who let you in? How do you get by the gates?

Subscribe. Oh, sup man! Hey, what's up dude? How you doing? Hey, good to see you! Hey, you wanna do co-op?

Let's! So, one of the things I think is really important with becoming successful in real estate is to see as many perspectives as possible. What works well with me might not work well with Kevin, might not work well with you. So, I think the more perspectives you see, the better.

Including how Kevin got started, and you're only 25 right now. The biggest takeaway, though, of working with Graham throughout today was that even though our sort of day job is a little bit different with the clientele that we work with, how we invest is almost exactly the same. What we look for in a property, where value is, and how to make it happen. We just do it in our own backyards.

First of all, you guys have to see this! This is the first time I've seen someone really rapid Tesla like this. So, the goal of today was to show Graham Ventura and give him an example of maybe what some deals might look like that are a little bit more accessible to people watching both of our channels.

I think you should introduce yourself to the people who don't know who you are and what you do, because a lot of what I'm doing too is I want to make videos about how to become a real estate agent. Kevin is pretty much following exactly what I've done in the sense of being a real estate agent, not getting in car accidents, buying his own properties, renovating them, and renting them out.

I love this! Your hands aren't on the wheel? Oh yeah, there's that part too. No, they're my gesturing devices, and I kind of just chill. Secretly, like I see you driving and not paying attention to the road. It's like self-driving, and I'm like gonna die.

No, this is the way we got to do it; is we got to have the car. You know, over there, is there a rule against like double vlogging and collab? My girlfriend that I met in Europe, I came to live with her and her parents, and she was studying to become a real estate agent because her father-in-law had done real estate in the past.

So I got to thinking, wow, I'm in high school like three hours a day, my senior year, out here in Ventura, California. I didn't know anybody, so my high school time was—I was like boring. I don't know anybody.

Hey, I'll do that too, why not? So I got my license, and then while I was working at Jamba Juice, finished my licensing testing and that, which is a joke. It's just like flash. Oh, it's so easy!

It's oh really, just starts with getting your license, right? And that gets you excited about the business, and even just the excitement of, oh my gosh, if this closes, I get in place, so $1,000 or whatever it is.

I love that! Okay, so you got your real estate license, started making sales from doing open houses, bought your own property to live in. So where are you right now in terms of sales and how many properties you have and some of the details on do I want to go into?

Yeah, you want to go? I've been averaging 20 billion, especially in the area. I mean, that was 52 transactions, you know, the crazy thing is, so I had 19 transactions for 22 million last year—19 verses. And those included eight leases, by the way, so I only had eleven sales that really made up the majority of that 22 million dollars.

That's one of the biggest differences between Ventura and really the Central Los Angeles that I see, is that in Ventura you need volume and you need consistency. Then doing one big one or like, let's say, three big ones in LA versus doing ten over there? Not like one is better than the other necessarily, it's just you need to do more volume to make the same amount of money.

That meant when Graham sold a seven million dollar house, I had to sell about thirteen or fourteen—that's thirteen or fourteen clients. That's thirteen or fourteen home inspections, loading contingencies, appraisal appointments. I can't imagine 13 of 19 listing appointments.

And wait, no, no! Not just 13 or 14 listing appointments, how many did you lose out of that?

Dude, I don't lose listing appointments, so that's—yeah! Look out at the Midwest or something. In these places, they sell for $120,000. I go, wow, they have to do five deals for everyone I do.

What's gonna happen is you're gonna do all this b-roll and you're gonna go back and go, "Kenna would not shut off! Like every beer, all he would talk!"

West Hollywood's median price is obviously going to be a little bit higher than Ventura, where we're generally around 525. So we took a look at a property that was picked up for 688 that's gonna turn for hopefully 9.9 and a quarter, and we also looked at one that was picked up for 410 that'll hopefully turn for 592 or 580.

The thing is, we own this construction company. Getting reliable employees has proven to be very, very, very difficult in construction, so we bought it for 688. Add in there, so in at 688, right? We go to refi the thing if it can appraise for even 850 or whatever, with all the money right back out, so we could do another one.

Yeah, and this is one of these things to where I'm so with in LA. I don't really get out of LA very often; I don't really see what else is out there. So it's cool for me to see other areas, and you do a lot of Ventura, so I don't really know anything about it.

So I'm kind of leaving it up to Kevin to show me around.

This is it! Go! Which one? This one?

Yeah, where's—nice man!

Well, [Applause] somebody's working here when nobody's here!

Wait to explain the situation, it says my boy is here based on the employee clock, and he's getting paid overtime, and his phone is here. This has been such a stress in my life. This whole second company idea that I can't do anything but laugh! But what my problem is, is I laugh when I get nervous.

Meet Kevin! So when I realized that my employee that I was paying overtime wasn't there, I started getting nervous because it said he was there, and I'm like, is the phone just planted in a sewer somewhere to make it look like they're there?

So it started getting a little nervous, but anyway, the point of that is real estate investing is not easy. Dealing with contractors and dealing with people to renovate homes, it's hard, and you constantly have to be there to supervise and check in, because otherwise, they'll just make their own decisions.

Says he was here at 9:26, he's thrown stuff in the dumpster.

Yeah, that's one of the things for me too, is I'm there pretty much every single day, and the thing is you have to show up at random times because if they know you're gonna be there every morning at 9:00 a.m., they're all gonna be there at 9:00 a.m. every morning. But then what happens at 10:30? Party met lunchtime!

So what was this here? Was this opened originally or what is this?

Yep, so this is just a supporting wall right here. There was a post anchored to the floor. These are post-tensioned concrete tendons. So what that means is if you cut into this concrete and you hit these lines right here, they can snap, rock it up through the concrete right where we want to do work. Just happens to be where they intersect, putting a footing here is just to get rid of that stupid post.

But honestly, man, I think this would be the perfect kitchen setup! Honestly, to keep this whole thing open here, do a bit of an island over here, you have your sink right here.

This is perfect because the sink and everything overlooks a bit of the view here, and then do the stove, refrigerator, more cabinetry on this side, and then this whole thing is opened in the center.

And then maybe do some like cool lighting up top, but this is like the perfect kitchen setup!

Hey, just—you just got to open this up! So what? I walk into a $500,000 house, I could tell you everything about it right away.

So how many bedrooms do we have up here?

When Graham walks into a $500,000 house, it feels very different from the typical two, three, four, twenty million dollar property he might be looking.

And then you got this door that just pretty much drops down to nowhere—that's unsafe!

Hey Kevin, let's do it!

Okay, so what I've seen, yes and no, you do a window here, right? And then you do a hanging small mirror for the very top that covers about maybe 40 percent of the window. That's what all these multi-million dollar Beverly Hills homes are doing right now—a window with a mirror over the window, okay?

Face doesn't it? It's kind of like a pissed off?

Yeah, what I'd end up doing is do one of those iron bar things you can go along the side.

So what it's gonna do, you can bolt it in the side here, it's gonna go out maybe like eight inches, so that way you can still open this up, you get the breeze, you feel like you have a little bit of a balcony here of like eight inches. You don't really have to build anything out, it's gonna be there, and then you got your bit of a balcony, and you could say you have a master balcony!

Well, we're taking the max, alright, so where are we off to now?

Well, now we're gonna go to compare to you guys the low end flip, compared to us, and normal flip.

Okay, so you're gonna basically see it's a cosmetic remodel, zero structural work at the other one at all.

Yeah, but you'll see what cosmetics do, and we'll send you pictures of the before—well, hit the market last night for $5.99, and it's kind of going to show you the cosmetics of the one that we saw at the beginning of the day—the total fixer, this is what that one's going to look like!

Okay, this is very cool.

I can't tell if he's being serious.

So I thought the finished house was honestly pretty nice for what it was. I mean, my only thing was that it seems a little bit cookie cutter.

I didn't mean—get back here!

Okay, like, it's not bad! It's not bad! It's definitely not bad!

It's actually a great phrase because that's what tract homes are, they are a cookie cutter, and it sounds derogatory but there's a safety net in the standard tract homes. If you go into a tract home and you know that this $600,000 place we've put on the market has sold time and time again for five eighty, six ten, whatever, you feel pretty safe that you're not going to lose money.

This here was the guest house?

A serious—yeah, I'm gonna pick this apart a little bit.

The thing is, there's no border between the grass and the mulch, otherwise it's very difficult to keep this grass contained, and you're gonna get the grass growing through here.

And also with the mulch, this is a tough one. You're supposed to usually put down that weed barrier, yeah?

So now here's the difference again, alright? For me, I'm just so used to so much custom where people really are just like, "Here's 30 grand on this kitchen countertop, refrigerator, and some of the cabinetry!"

Ventura, Beverly Hills fire has divided their own refrigerator, and what's he asking price in this home? $5.99?

So what was your place on this, by the way? What did this home used to look like?

Hoarders nightmare!

Who is he really?

Oh yeah, okay, I mean teak! To close escrow in this last video that I'm getting ready to post, I talked about how it wouldn't appraise because—not because of values, it was a great deal, but because there's so much crap everywhere!

Yeah, they're like, "We're not financing on that!" You would walk in there, there were flies and roaches; it was disgusting! Silverfish and ants! Don't even give me special!

The goal was fifty-five, fifty to fifty-five thousand in reno to end up with about forty k.

Okay, it turned into some code violations came up during escrow, so it turned into an eighty thousand dollar project, but we got the price reduced during escrow because of those code violations.

So it made up for it, and now at the list price it’s maybe a sixty thousand profit, okay?

And if it sells for 20 grand less, Wilson at forty, these are original cabinets; they're just paint!

Are you serious?

Yeah, I love—yeah, no, this is great! This is the best way to save money to having tree fiber on—yeah, I wouldn't have guessed this was a result.

Yeah, so we just finished at this house. Now we have to go and charge up the Tesla, but I don't know where Kevin went.

[Music]

Oh hey Graham, I got a proposal for you. You want to ride the Tesla?

Oh, what is happening? Come on dude, it's my lane! What are you doing? What? This one's in escrow? I'm pretty sure that this one was like two-four listed, as he's it?

And make it so private!

See, I think this is crazy that something like this is 2.4 million with a view of the ocean.

So one of the things I noticed about the view that your astronomy is just—I think how affordable? I can't say affordable and like have it be like two and a half million dollars, but compared to what that would st. property would be in like Santa Monica or Malibu, the fact that you have a two and a half million dollar property that here would be four and a half to five, it seems like a really good deal.

So this over here to Graham's left is considered the Ventura Avenue. It is the most affordable section of the city of Ventura. You get a single-family bungalow like a two-in-one for 380, nicely remodeled lately.

People have been trying to get 450, 475 for everybody's kind of blown away by that. But hey, going up, moving on that seems pretty cheap for where you consider you are, like the beach is right there.

Yeah, you know what's interesting about that? We get a lot of LA investors from your neck of the woods that come up here and say, "I want to buy on the Ventura Avenue because I think this land is gonna be much more valuable in the future given its proximity to the beach."

I don't care how commercial or oilfield-y it is now!

So then I was really enjoying the view, and it was cool watching the drone kind of fly out to the ocean, and I was thinking like, you know what? I should film him doing the drone, and that would be kind of cool.

But then it starts coming back, and I see it just fall from the sky, and I'm like, "Did you do that?"

Yeah, I thought it was honestly on purpose, and then you start laughing.

Yeah, that's my nervous laugh! The battery just died—my—my flight in flight!

And no! Oh crap, dude, the camera is gone!

Well, it's right there! And right here! And right now, I was actually flying it back in for a landing, which thankfully I was doing that.

But it was still 30 to 40, 50 feet in the air coming back in, lost all battery power, plummeted to the ground—no soft landing! Nothing! Just boom!

Shattered! There goes $1,000!

Can I watch your channel to learn how to—oh my god!

And I think that's where my problem comes in. I get nervous like, wow, I thought a thousand dollars just blew up in my face!

Huh guys, it would really help Kevin out a lot if you hit the like button! It would really help him out if we can get 2,000 likes on this video! It's gonna help his drone out a lot!

So what's one of the things you'd recommend to people watching that might be able to relate to them or help them out?

And I'm getting my real-estate license, two years later I became a real estate broker, continued selling real estate while going through college, Ventura College locally, and then UCLA to finish out my degree.

Then got addicted to buying, flipping, and investing in real estate! In fact, it enabled me to go from working in a job where I wasn't making a lot of money to being able to finance my renovation, financed the purchase, and then build that equity to help build my career at the same time as starting an investing career.

Two years into college, when I bought my first property with three and a half percent down.

Oh, Dave Ramsey is just like, "Whoa!"

It was one unit, one single-family! Grant Cardone, it's—oh no!

Got addicted to taking this better property and turning it into something beautiful that we were living in at the time, so now it's a rental. And from that addiction of seeing a property transform and being a complete dump in a disaster but a great deal at the same time, knowing that every dollar we put in was a multiple on our equity in our net worth.

And we ended up buying a until property, 25% down the next year, 2013, another one in '14, and we bought a new house for ourselves in '15, another property at the end of '15, I have another one in '16, and in '17 a warehouse and two more different a half million dollars of market value!

You can't be intimidated by real estate! You can't be intimidated! Just like Graham says, "Hey, you want to make YouTube videos? Start! Do it! Get in!"

So look, if you can buy a place cash because you've saved long enough, or you could buy a place with three and a half percent down or 20% down, who cares what it is? Buy where you live, find a good deal, and buy it!

So what's the reason you decided not to buy units and get something like Grant Cardone?

Yeah, a little apartment building or something?

I think the type of units I would have loved to buy would have been anything 1 to 4 where I could move into one of the units, right?

In-house hockey? That's what I'm saying! House, absolutely! You got to do it! Best thing to do!

Yeah, I just—we can't—we started with a house! We can't do it with two children! We were going from a 1,300 square foot single-family to a 2,500 square-foot single-family, and they wrote us a letter going, "Borrowers to explain that this will not be a rental property."

Borrowers real estate broker wife property manager explain why this will not be a rental otherwise loan is denied, and we're like, "What?"

So we put a picture of our ultrasound for our first child, like we are moving here for our child! We love our old neighborhood!

Yeah, they brought us cookies!

But there weren't children in the neighborhood!

Okay, that's the nicest way to put it, okay? There were gang members in the neighborhood! That's what he's not telling you!

It's time to charge, so you take the nozzle out of the charger. You go over here, you don't put your fingers in there, but you just—but you have to use two hands like a fire hose!

Oh, what's out, Rogram?

So I think we're gonna be wrapping up here, but dude, seriously, thank you so much for doing this and for making my bubble!

Yeah, got me out of the front, and honestly, I love the Tesla!

So I think at some point, I think the goal is honestly next year when the Mercedes is up, I made—and they're doing a Tesla.

Anyway, you guys, thank you so much for watching! I really appreciate it! If you haven't checked out Kevin's channel yet, definitely check out his channel! I'll put the link in the description below, and also feel free to follow me on Snapchat and Instagram because I've been posting this entire day on both of those.

So if you want to be a part of it there, feel free to add me there! Also make sure if you haven't subscribed already and you watched the whole thing, make sure to subscribe!

And thank you—good for watching! And until next time!

[Laughter]