how i started a business with 0$ : 1. started a business with 600k 2. business made me about 10k a month 3. after 5 years it paid itself and now my business costs 0$
@johnw63895 жыл бұрын
I got a chuckle with that one... :o)
@TheRealSkillman5 жыл бұрын
That's how I felt watching this video.
@wulvershon89485 жыл бұрын
Alaeddine Bensalem 420 blaze m
@elizulie5 жыл бұрын
this is legit the problem with rich peoples idea of having no money. they see 0 dollars as the moment after they invest into a business. not actually having 0 to work with.
@Axtrosity5 жыл бұрын
funkydiscoduck u sound broke af
@checkyourbatteryboi69165 жыл бұрын
I got a house for $0 too. The police came later tho
@virx79445 жыл бұрын
BRUH....
@vapeking4665 жыл бұрын
You cannot just steal houses because the owner will eventually swing by.
@4204-j4x5 жыл бұрын
I had a house for £0 also It was given to me
@Flaw8Less5 жыл бұрын
Lol
@juliafernandez87885 жыл бұрын
🤦🏻♀️🤭🤪😆
@yllzathaci48865 жыл бұрын
now this video is going to pay his loan. smart guy
@JV-mk3bl4 жыл бұрын
His tenant is paying for the loan. Paying off a loan given at such a low interest rate is a noob move. He knows better than to use cash to pay off a loan early. He will instead invest it at an average of 7 percent compound interest and let his tenant pay the loan over time. :)
@ArcticProxy4 жыл бұрын
@@JV-mk3bl Well said
@stuff51094 жыл бұрын
@@JV-mk3bl You are correct that you don't want to tie up your money in real estate when interest rates are low. Unlike the average Joe, Graham's goal wasn't to buy this place to live in it, or even flip it. He saw it as rental property. He probably needs tenants willing to pay $4K/month to break even. Being a landlord is too much work for most people. Title should have been "How I got all of my money out of a rental property" but then no one would have watched.
@RollaMekidiche4 жыл бұрын
Indeed 🤣🤣🤣🤣🤣
@aladyherhomeherhustle72084 жыл бұрын
Only smart folks will survive this earth
@andrewbeltran57954 жыл бұрын
Geez, imagine a monopoly game with this guy.
@isabellachen85193 жыл бұрын
ahahah this is such an underrated comment
@obnoxiouscat62693 жыл бұрын
🤣🤣🤣
@jtwarper29633 жыл бұрын
Why would you bother you'd lose in 4K
@PieShiido3 жыл бұрын
Lollll
@WQQKIE3 жыл бұрын
Just thinking about it makes me feel like I already lost
@FramesByMandeep4 жыл бұрын
So basically: "I used the loans to destroy the loans"
@AMessengerofTruth4 жыл бұрын
lmao
@brendanlogan-bloom8184 жыл бұрын
Most underrated comment💀
@jflores854 жыл бұрын
The deed is done.
@7urkm3n4 жыл бұрын
Indeed
@rat123mumu4 жыл бұрын
More like "I used the loan to put myself more in debt"
@varanttchalikian10315 жыл бұрын
Next video: How I live without breathing
@snoolee79505 жыл бұрын
How I eat without my hands or a fork.
@zZFuRiouSZz5 жыл бұрын
you see the haters will say "graham you had to take in the oxygen to return gas to the outer world, but you gotta understand that the net exchange in volume of the gases is 0, so I obviously can live without breathing"
@ThoughtsInVideo5 жыл бұрын
@@snoolee7950 that's @BeatTheBush
@midboys5 жыл бұрын
You use someone else's breathe to preserve your own so you can use the O2 in space where you can get can back more out of it .
@Prolific95 жыл бұрын
Brahhhhh!!!!!🤣🤣😂😂😂😂😂
@brianyildirim28045 жыл бұрын
Step 1: Become a bricklayer. Step 2: Steal one brick everyday. Step 3: After a year or later, you'll have the experience and materials to build a house for free.
@KnightDriveTV5 жыл бұрын
No, you'll have 365 bricks and a felony theft charge.
@brianyildirim28045 жыл бұрын
KnightDriveTV but if you do it on a leap year, then you have 366!
@patriciaearley41775 жыл бұрын
@@KnightDriveTV lol👍😂
@christianketels3005 жыл бұрын
Bricklayers don’t normally work for other people, your just taking a loss
@blakeramsey33735 жыл бұрын
@@christianketels300 Ya they do. They are hired by contractors who pay for the materials and pay the workers their salary
@sudonickx4 жыл бұрын
To get stuff for free, all you need is lots of money.
@Live-Life-Freely4 жыл бұрын
Yes, otherwise it's called welfare.
@ELgeneral-pl9yg4 жыл бұрын
lmao
@danielshaikhali51084 жыл бұрын
You need to build your credit score. He has worked hard become a long term subscriber
@SunSunSunn4 жыл бұрын
Lmao I snorted, but facts. Rich get richer. Sucks for the poors
@Mannifred30004 жыл бұрын
If you can explain your plan good enough to a person who can afford the deal and trust you, it is also possible without owning the money :)
@jamestheartist73895 жыл бұрын
I had no idea what was goin on for like 80 percent of this video
@danielgover59145 жыл бұрын
@@MrYondaime705 Wow this helped clear everything up thank you.
@ellanoellil5 жыл бұрын
@@MrYondaime705 he actually owes lots money, for me I will try to sell it b4 the tenant messes it up
@JayGarrickFlash5 жыл бұрын
@@MrYondaime705 Bless your soul. Thanks man.
@taekwandoooo5 жыл бұрын
@@MrYondaime705Yes, but a human life is quite short. He will be kinda old by the time "in the long run" is worth it. (30+ years)
@Killius5 жыл бұрын
@@MrYondaime705 the idea is that the loans generate more money than his monthly mortgage costs right? But how do the banks approve these loans?
@twodogg68285 жыл бұрын
I think our definitions of “I bought this house for 0$” are vastly different.
@ExctasyGFX5 жыл бұрын
Of course its click bait. He also makes money off this video too so he gets the house even cheaper. He forgot to factor that in too.
@MattsWrightUSUALLY5 жыл бұрын
I mean, it was 0$ at the end... I think this was extremely informational on tips to buy a house so I was happy to watch and take notes and now look for a house.
@pictureus5 жыл бұрын
@@MattsWrightUSUALLY In the end? Just because something grows in value doesn't mean you got it for $0; simply means you made a profit.
@bigv69er5 жыл бұрын
@@MattsWrightUSUALLY still not $0.. there's still a loan on the house he has to pay..and a bigger loan than the original.
@gregc99465 жыл бұрын
@@bigv69er IT IS A RENTAL INCOME HOUSE. And rents are almost always more than mortgages. Say he pays $1400 mortgage while renting it for $1750 a month. So still free ;)
@justicewarrior91874 жыл бұрын
How I bought this property for 0 dollars.. Just get a small loan of 600k..
@misspapayausa4 жыл бұрын
He forgot to mention that he rents out the other side of the duplex which pays his mortgage loan, home insurance and other fees for him. So as long as he has a tenant there that’s $0 out of pocket for him
@justicewarrior91874 жыл бұрын
@@misspapayausa That's like saying that just because you build a company that profits it costed zero for you to start it.. Completely moronic logic
@misspapayausa4 жыл бұрын
@@justicewarrior9187 He never said it cost $0 to start it. Let me know if you figure out a way to. purchase a home for $0 though, that would be great. So far this is the best idea I've ever seen in terms of home owning.
@justicewarrior91874 жыл бұрын
@@misspapayausa Yes he did!! "this home cost me zero dollars"
@allmight80574 жыл бұрын
@@misspapayausa That's what people are doing for ages lmao
@canigetto1subscriberbefore9084 жыл бұрын
The only disadvantage of watching graham is all the 'get rich' quick scam ads...
@lolom87724 жыл бұрын
Cazi Grey that’s just rude
@darkcarnival52074 жыл бұрын
That surprises you ?!?!?!?
@woulfe424 жыл бұрын
Yes watching the get quick rich schemes while watching a video of the same b.s. lol.... This guy might not be as much of a scammer as the others but, his still no choir boy when it comes to sharing how to make money that should be apparent to anyone seen the title verse the content that he's giving.
@darkcarnival52074 жыл бұрын
@@woulfe42 And the whole time he rails against those that re-package information already out there for the world to see while.....he.....well,......re-packages information already out there for the world to see. He says he's a licensed real estate agent and he bought this property just outside Los Angeles. Anyone can go to the California Bureau or Real Estate (CA BRE) and do license look up (like I just did) and there's no one licensed in CA named Graham Stephans. Or Stephan Graham. Or any sort of combination of of spellings, Steve, Steven, Stephan, Steph - none. Except for within his own mind, does this guy even exist?
@austininflorida4 жыл бұрын
@@darkcarnival5207 California DRE number 01852388. It wasn't that hard to look up. It's listed on his employer's website.
@ericp11395 жыл бұрын
Take notes. Most scammers would charge thousands of dollars in course fees for this info and Graham is giving it out for free.
@GrahamStephan5 жыл бұрын
I just charge.... One like on the video
@meetimian33835 жыл бұрын
@@GrahamStephan yes but you do have a real estate course too so yeah.....
@jaytree5 жыл бұрын
Nothing is free.
@timhanby56625 жыл бұрын
Jay Tree oH yEA mAn iM sUrE
@jaytree5 жыл бұрын
Me too. I make money not barrow it..
@Performak_YT5 жыл бұрын
*Back in my days it was easier to get houses for $0* _Now there are better locks_
@lollol-zk8dh5 жыл бұрын
And more security
@oliversusnea24155 жыл бұрын
How do u do italic font, ik Bold font.
@johnsnow32125 жыл бұрын
@@oliversusnea2415 it's free real estate
@checkyourbatteryboi69165 жыл бұрын
Oliver Susnea Bold - use * *hi* Italics - use _ _hello_ Cross off - use - -bye-
@EximaAce5 жыл бұрын
Performak They had us going in the first half...
@xainm28315 жыл бұрын
Damn ,.... try beating him in monopoly ..
@antonsehl4 жыл бұрын
lol bringing a tank to a knife fight
@inyakiiiyu4 жыл бұрын
@@antonsehl more like shooting a Nuclear rocket to a Knife fight
@tomsugars5664 жыл бұрын
hahahaha funniest thing i have read all day thanks
@dominicandrew48634 жыл бұрын
He really just explained why Cash Out Refinance is a good strategy when property values are increasing. Normally I'd ask him why not just sell the property outright, but if this is a rental he can't do that. So instead of letting that money sit in the property and do nothing, he took it out and can invest in other things. His only risk is that instead of selling outright, he takes the refinance, the property value declines, and he's left underwater on his loan.
@dr.benjaminbird76314 жыл бұрын
Which is almost guaranteed to happen in the coming recession. Reckless really, because he would know that given the uncertainty lead to a better interest rate.
@InMyAbyss2 жыл бұрын
@@dr.benjaminbird7631 it's LA, that won't happen
@DamonNeal5 жыл бұрын
Next up - *How I bought Space X for $0*
@GrahamStephan5 жыл бұрын
;)
@MommaKnowsBestest5 жыл бұрын
Lololol he such a click bait
@chungchan26785 жыл бұрын
and killed all humans with 5g satellites.....
@donniewatkins59285 жыл бұрын
@@MommaKnowsBestest haha
@MommaKnowsBestest5 жыл бұрын
@@donniewatkins5928 can't wait for " how I bought KZbin for zero dollars " next week.
@Triric5 жыл бұрын
A: "I got this house for $0!!!" B: "How did you do that?" A: "Well at first you need $585,000..." Seems legit.
@cjtrades5 жыл бұрын
It's called financing strategy
@GamerGuy515 жыл бұрын
No first you need $150,000 deposit....rofl
@sanctumbeats5 жыл бұрын
GamerGuy51 sp sad to say that I don’t even have 60 thousand dollar on bank .. loan amd salary can easily get off but for 3 to 4 years !
@arjunmishra83335 жыл бұрын
230,000*
@nytroglicerine53115 жыл бұрын
Not wanting to ruin the party but disruption is coming this way also kzbin.info/www/bejne/bquQmpiYfbergM0
@thelegendaryegg78315 жыл бұрын
*homeless people would like to know your location*
@squinqz8bp2305 жыл бұрын
Good, tell them to bring their $585k for their FREE house, smh.
@matthewharris49005 жыл бұрын
@Gxzzi Nxnja no
@wyattjenkinson4505 жыл бұрын
Gxzzi Nxnja what are you stupid why would we give you somebody we don’t know ten thousand dollars
@ThatGuy-rg5zk5 жыл бұрын
RxD Nxnja r/choosingbeggar
@eitanyaniv5 жыл бұрын
I don’t want to be the smartass but you do have to pay a down payment which i dont think homeless people have.
@RichardFain4 жыл бұрын
Nice concept. RE is the eighth wonder of the world
@hilomdulom86894 жыл бұрын
Keep uploading videos richard. Love your content!👍
@bjornking98994 жыл бұрын
What is RE?
@aadhilsameer72194 жыл бұрын
No compounding is the 8th wonder
@rocketegg44543 жыл бұрын
@@bjornking9899 Real Estate
@rocketegg44543 жыл бұрын
@@aadhilsameer7219 No Internet is the 8th wonder of the world
@BillThrash5 жыл бұрын
“I paid $0 for a $675,000 mortgage.” Awesome opportunity.
@latengocomoburro5 жыл бұрын
Yeah and if the house loses value, which it very well can. Then what next? This might work in LA but everywhere else it is very risky.
@DoomFinger5115 жыл бұрын
@@latengocomoburro That's why he said he spent 6 months researching what area to buy in. He noticed the surrounding developments and then sought out an under priced home. That tactic can be applied anywhere. Over time all real estate increases in worth. Even my house is worth more then it was BEFORE the 2008 crash. Also he house would have to lose over $365k in value for him to take a loss. That's highly unlikely to happen and then permanently stay that way.
@latengocomoburro5 жыл бұрын
@@DoomFinger511 ok
@beccamayhr5 жыл бұрын
DoomFinger511 you talk smart thanks for the education
@SeaJay_Oceans5 жыл бұрын
CA real estate investments are "safe?" ? earthquakes, storms, forest fires, civil unrest, liberalism ... no thanks!
@QubitHQ5 жыл бұрын
*WHAT THE TITLE SHOULD BE:* >> How I read the comments people posted about my video, before I posted the video
@yettiman89415 жыл бұрын
Actually the comments are from a previous video.
@GDBOYFilms5 жыл бұрын
hahaha
@nebli68444 жыл бұрын
Oh hey it’s qubit
@BenjisDad5 жыл бұрын
I refi'd my house! Shopped around and got 3.75% 30yr fix. I save a ton of money watching your content Graham!
@GrahamStephan5 жыл бұрын
We got the same rate!!
@josepablobermudez62835 жыл бұрын
@@pw8544 😂
@sharonsegovia62385 жыл бұрын
@@GrahamStephan what bank or credit union is offering that rate?
@BenjisDad5 жыл бұрын
Sharon Segovia better.com
@BenjisDad5 жыл бұрын
S K haha. Nah... But I been following Graham for a while and his tips for real estate has helped me save a ton of money.
@god61054 жыл бұрын
I just realized but his videos r like essays. He had an intro, body paragraphs, counter arguments, and a conclusion
@colehacker3813 жыл бұрын
I mean, who can argue with God?
@rezapahlevi50563 жыл бұрын
Yes lorddd
@AlmondTheater3 жыл бұрын
He definitely has some public speaking training or just found out that that kind of a structuring helps the listener a lot
@GamerGuy515 жыл бұрын
It was priced at $575,000 and you offered $0 and they took!? Amazing!
@Soul-ft7bg5 жыл бұрын
GamerGuy51 no he means, he bought the house for 575$ but made an amazing profit, so basically cost him 0
@GamerGuy515 жыл бұрын
@@Soul-ft7bg that's bullshit math voodoo. Normal people do not function like this guy. He has a solid support system and well-off parents.
@ninjai55275 жыл бұрын
@@GamerGuy51 he did not have well off parents...he was on his own from 18 onward with no help from parents. Stop spreading false information just because you think someone can't be successful from their own efforts.
@AliShaikh15 жыл бұрын
Missed the point of the video. Learn finance or be poor.
@mattwilcox36455 жыл бұрын
@@GamerGuy51 .....let it all hinge on the opinion of a real estate assessor? unspoken relationship with the assessor? .....
@R2Trix5 жыл бұрын
I got a house for $0 aswell Although my neighbors dog dont got a place to sleep no more
@Saiqo175 жыл бұрын
my ribs hurt now
@actuallymisterbean83215 жыл бұрын
);
@ficus79475 жыл бұрын
More like roommate
@laptopdroptop94575 жыл бұрын
to forced and not original
@shebease15 жыл бұрын
Help me!
@eatingparis5 жыл бұрын
Can you document/ vlog the next time you buy a house, like from beginning to end. I know that’s a major request but it would help a lot, just to see your thought process and see how you sift through your houses, and how you negotiate deals, etc.
@itsELL245 жыл бұрын
Jorge Manzo I agree
@S.E.C-R5 жыл бұрын
I’d like to see that also!
@udecide00105 жыл бұрын
That's the move
@HarringtonKyle5 жыл бұрын
That would be really cool, but I also see it being rather difficult to capture everything. Though, if anyone could do it, Graham could.
@phamcuong91835 жыл бұрын
I think the process is what you would get if you buy his course. These videos are free, so there’s a limit to it.
@ulmenkott4 жыл бұрын
It hurts my swedish ears to hear him say that 3.7% is low. Welcome to Sweden, I have 1.2% interest rate on my home.
@Luis-xj6nf4 жыл бұрын
Welcome to America. We pay 27% on credit cards too.
@WorkHardBeNice4 жыл бұрын
Great home loan rate but I've read the Swedes pay *well* over 50% of their income in taxes. P.S. It's worth the extra money to live in America.
@giovannyf994 жыл бұрын
@@WorkHardBeNice now throw in insurance costs of the us and you're left with around the same amount. Add quality of life that Sweden has from healthcare, paid time off, maternity leave, college costs, higher life expectancy, yeah Sweden's definitely a better place to live.
@kseniyarosina23574 жыл бұрын
10.5% is an awesomely low mortgage interest for Russia 😭 real estate prices never go up that high, so at best you might break even
@aliontse28484 жыл бұрын
45 % interest rate where I live, in Argentina. Who can beat that ?
@invokerus4505 жыл бұрын
So, the house was cheaper than the Tesla? 🤔🤣
@Postofficejoe5 жыл бұрын
Next video . New cash out refinance loan to cover the cost of the Tesla . Free Tesla .. lol
@momohit12555 жыл бұрын
😂😂
@jaytree5 жыл бұрын
It cant be its a fing house.
@SkinnyAnimus5 жыл бұрын
@@Postofficejoe Graham is out shopping now
@justSTUMBLEDupon5 жыл бұрын
That Tesla Video 😩😩😩 😂 everybody was triggered man listen! But he still made a good point that if you know how to work it, you can technically pay less for something. Same with this video. He put in 240k and in 2 years got his 240 back out PLUS he still owns a money generating property.
@RadiationGhoul5 жыл бұрын
bruh that property? in L.A? for that much? that's a steal in itself without the loophole mumbo jumbo
@1000leomessi5 жыл бұрын
Right, especially when the real estate prices are SKY-ROCKETING in the L.A. area. He said, that within a YEAR the value of the property increased with 100,000+ dollars (+15%). Imagine what the property will be worth in 30 Years (when the mortgage is paid in full). To put into perspective, the playboy mansion was bought for 1,1 million dollars in -79 and 45 years later sold for 100 million dollars. Of course, it's a one of a kind property but just imagine how much this one it would cost. Wouldn't be surprised if it cost at LEAST 5-10 million by then.
@mpx48215 жыл бұрын
@@1000leomessi Remember to factor in inflation
@k3kboi6655 жыл бұрын
@@1000leomessi and remember that bubles like that usualy pop.
@mortgagesmademanageable91074 жыл бұрын
He timed the market very well! Probably won't see that appreciation in his lifetime again, but hey, he struck while the iron was hot.
@MaxMaher5 жыл бұрын
A trick I used when buying my first home was I buying it from my landlord. Because I was renting it and already in the home I had the leverage to offer about $25,000 less than market value because I knew he wouldn't have to pay realtor fees nor deal with a vacant house for potentially months if he put the house on the market. I had to play hardball but ended up with $20,000 under market value.
@GrahamStephan5 жыл бұрын
Very smart! And as a landlord, it makes it so much easier to sell it to a tenant who's already familiar with the home.
@tiffanyonwudinanti5 жыл бұрын
Were you living in a duplex or a single family?
@MaxMaher5 жыл бұрын
@@tiffanyonwudinanti single family.
@jaytree5 жыл бұрын
Did u not know u paid too much.. lol
@justSTUMBLEDupon5 жыл бұрын
Max Maher I'm hoping to do the same thing. Out of everything Graham said in the video, the most important part to me was when he talked about his offer to get the house. He offered no hassle purchase (Meet Kevin talked about this too in a way with a direct to owner check and if he walked away the owner keeps the money). But you gotta really know how to read a building for value (and I don't 😂 not yet anyway) I'm in a 4 apartment building with a store front in NYC so it might be hard but I prob go for it. Plus the owner owns the building outright so he could be the bank if he wants. For him he knows he gets an immediate deal, and I get an affordable building (well for NYC anyway).
@shiningyrlife4 жыл бұрын
Basically from how I understand it is: 1) Have some down payment. 2) If you can find a good deal, buy it, remodel if need, then find tenants to pay for it. 3) Refinance later with a lower rate, and if the new appraisal finds the house appreciates, you have equity and some $ differences. 4) Just have tenants pay for it. You owe the house at the end while the mortgage is being paid by someone else. It is a paper game. The trick is getting a good property in an area that will have the property increase appreciation, this helps minimize the expends.
@captpoop225 жыл бұрын
i go in store, and buy everything i want for 0$..... the only slight price is, a little Jogging.
@meister58704 жыл бұрын
Usains Bolt life in a nutshell
@EnglishMandy4 жыл бұрын
*hol up*
@yams73774 жыл бұрын
😂😂😂
@vargland4584 жыл бұрын
The secret ingredient is crime
@yvonneost124 жыл бұрын
hahahahahaha good 1
@tripperformance4385 жыл бұрын
I got a house for $0 i just made it out of sand. Wet sand if i should add
@kirkpritchard5 жыл бұрын
"The floors were scratched. The kitchen needed to be torn out. The bathroom was disgusting. The landscaping was overgrown. The roof needed to be replaced. And it needed paint. LOTS of paint." "I could tell it was easily worth about $675,000." Only in California 🤦🏻♂️
@Yayo5095 жыл бұрын
you mean LOS ANGELES
@kirkpritchard5 жыл бұрын
@@Yayo509 No, I mean California.
@jenniferlynn35795 жыл бұрын
California is a rather huge place and I don't think this mindset really applies to the quieter areas up north. The closer you get to major tourists cities, though, absolutely. LA and SF happen to just be the concentrated hotspots for insane rationale like that.
@kirkpritchard5 жыл бұрын
@@jenniferlynn3579 Well I live in central California. In a small city. Surrounded by other small cities. And the prices are ridiculously high.
@beenasfarastodecidetouseve67335 жыл бұрын
Or the entirety of Australia.
@swupermaario54994 жыл бұрын
Did everyone except me understood what he was saying?😂
@belphemmore38024 жыл бұрын
Nah, ur just a genius
@thomasveysey73634 жыл бұрын
i don’t get how he paid off a loan with a loan and then called the difference profit ?
@ericjansen55034 жыл бұрын
@@thomasveysey7363 Well I doubt us mere peasants could help ya there, but you could comment it on a more recent vid of his, he does actually seem to pay attention to his commenters. Or if that doesn't work out you could always ask quora or reddit. Either way you'll be learning (for free mind you) information that can make you thousands later on. Which sure sounds like a pretty sweet deal to me!
@oumaimasellama59904 жыл бұрын
I also didn't understand 🤦I'm I stupid or he is just a genius lol
@bazirancovek4 жыл бұрын
I fell asleep as usual when watching yt
@isaac._.69924 жыл бұрын
Who's watching this during quarantine
@dangrec14 жыл бұрын
Yep me. But it does bug me he doesn't actually "OWN" it for $0. He'll be paying that mortgage for decades, and will pay a good chunk in interest for that privilege. As far as I'm concerned, you don't "OWN" something unless you can never again pay a cent and it won't be taken from you... i.e, the t-shirt I'm wearing or the used car in my driveway I bought for cash. Anything you're making payments on does not count as ownership.
@dm_for_feetpics90094 жыл бұрын
Me
@chipychipz4 жыл бұрын
@@dangrec1 hes just doing it in a financially smart way that house isn't sitting there he will rent it out for more then the payment so he will make even more off it. & hes free to invest his cash elsewhere. his title is a bit click baity though.
@Shakera...4 жыл бұрын
@@chipychipz Your pfp is no game no life. Omg I love that anime!!
@SilentHotdog284 жыл бұрын
@@chipychipz It's click baity, but not in a bad way because he is actually teaching people something.
@devinfisher16515 жыл бұрын
Rich youtuber: I got this house for $0 Me:how Rich KZbinr: oh I just paid $585,000
@harveyspecter33615 жыл бұрын
@@oourdumb He also started from nothing, stop whining and start doing.
@iceman182115 жыл бұрын
@@oourdumb Just bought my second property in downtown Toronto for 960,000. 3 units, 1 of which i live in I'm renting out the other two for 2k each. More than covers the mortgage and all utilities. I never need to work again. I'm 24. I'd say Canada has a much better real estate market than the US. More immigrants per capita than the US come in every year, and they need somewhere to live. Also much less overbuilt compared to the US. Edit: Everything Graham mentions in this video is doable in Canada because I've done it before. I also completely disagree that housing prices are inflated compared to the US. There are many many suburbs and small towns that are growing like crazy, especially northern cottage areas. And it's reasonable to buy property from 200,000-500,000 in places like Barrie which are going through housing shortages so the demand for units is quite high.
@brycecarlson33955 жыл бұрын
Never paid that much money. You weren’t listening
@richardfeng47005 жыл бұрын
As a 16 year old (that is also from the GTA), this highly piques my interest. To everyone who has a property that is rented out, how much money do you think is needed to start up and how time-consuming is this?
@lorenebonsu72665 жыл бұрын
You know you don’t pay for for it but get it through loans. You never pay for real estate with your own money ever. Bad idea
@akthomebusiness5 жыл бұрын
The real title is: "How I profit from real estate investment."
@akthomebusiness5 жыл бұрын
@David McKee Sorry sir, I think you missed my point. Remember Robert Allen wrote a book about "Nothing down"? He brought a news reporter with him and flew to Los Angeles and purchased 3 homes in the same day with no money down. Besides, he got money back from the 3 deals. This is what I mean a real " buy a home with $0". Of course, after the financial crisis, government has tightened the rules of borrowing. Nothing down is only a dream now unless you can borrow money from the private lender at a reasonable rate. Finally you can also make money with your hard labor work or from social media like KZbin with your intelligent creations.
@akthomebusiness5 жыл бұрын
@David McKee Thank you sir for confirming that the title of this KZbin is misleading. Its intention is to attract more viewers, subscribers and comments. It takes money to buy a house to make money and refinance your money back.
@shanenolan854 жыл бұрын
Andrew Tsang Facts💯 Robert G Allen acquired properties with actual creative financing and NO BANK LOANS. I thought Graham was going to say he did something without a initial investment of capital (Seller Financing, Subject To, Lease Option, etc.)
@JV-mk3bl4 жыл бұрын
You're just triggers because you have bad saving habits. The title is perfect as it is unless you have the financial habits of a toddler.
@andersonramirez55964 жыл бұрын
Yeah, but you know which title sells more
@SiddharthGaurs4 жыл бұрын
Its a very nice video. You have explained the concept very well. thank you.
@redmondhenry3985 жыл бұрын
The best investment is within 15 minutes of the beach, cause in 20 years it will be a beach front property :P
@GrahamStephan5 жыл бұрын
See my future oceanfront home ;)
@tylertacy69915 жыл бұрын
jahahahahaha
@13579john5 жыл бұрын
how does that work
@Phoenix117205 жыл бұрын
john sea levels rising from melting ice caps
@Rockymtn5 жыл бұрын
And in 40 years there won’t be any property just beach 🏖
@Je.rone_5 жыл бұрын
*This is one of the few videos I'll save to my watch later and watch it again 2 or 3 more times to solidify the information* 💪👌
@GrahamStephan5 жыл бұрын
thank you!!
@kin6david5 жыл бұрын
Agreed... cant wait til i have some money to even get started!!! And yes... Iike button smashed
@Je.rone_5 жыл бұрын
@@kin6david very true and Good luck💪, my impulsive saving that I've been critized since my youth has time and tune again come in handy.
@jaytree5 жыл бұрын
Like how he owes 600k..
@PartikleVT5 жыл бұрын
@@Je.rone_ impulsive saving sounds like the best problem to have lol.
@milkncookie5 жыл бұрын
I like the idea but to explain this to those who don't understand. This isn't a net income situation, it's purchasing a property at lower than market value, then refinancing for a bigger loan from the bank (possibly lower interest) and now using that property as collateral. This allows you to get back out the inital down payments/costs invested into that property. Do it only if you understand what you're going to do with the difference, otherwise you're better off just paying down your loan for most nonreal estate people.
@GrahamStephan5 жыл бұрын
Very well said. This makes sense because I can reinvest into other areas at a higher return than I borrow for 30 years! If the money did nothing, or I'd spend it on cars and penthouse apartments...then it wouldn't work.
@chad9125 жыл бұрын
Sorry if I'm misunderstanding, but even with the better interest rate aren't you still going to end up paying the bank more money over the life of the loan by refinancing for the higher amount? or is that just an accepted loss because the money will be used in better places elsewhere?
@jaytree5 жыл бұрын
@@chad912 agreed.. thats a problem they dont care about.. according to him he made money.
@chad9125 жыл бұрын
@@jaytree well no I dont see that as a problem. Thats a valid strategy, accepting losses when money can be reallocated towards something that will yield greater results. Ultimately he got his return investment, probably pays a minute amount more per month and has a nice property that is generating money, so yes he did make money. My comment was more me looking for clarification
@jaytree5 жыл бұрын
@@chad912 clarify how oweing 600k is making money?
@0sujin4 жыл бұрын
"I put down a $150,000.00 down payment..." welp, this is my problem.
@pepe58pepito544 жыл бұрын
yea ..we not that rich like him..lol
@sandgar10014 жыл бұрын
@@pepe58pepito54 go add value to the world
@pretinc.67844 жыл бұрын
That's why you first need to make money normally first.... And then watch these guys
@maryamm83793 жыл бұрын
@@pretinc.6784 how are surviving without making money? Also that’s why he always say build your credit score it’s for these things
@mountainz1235 жыл бұрын
Popcorn ceiling was removed. That is all that matters 🤣👌 Great video as always
@GrahamStephan5 жыл бұрын
Thanks! Yes, absolutely had to!
@siralfredo5 жыл бұрын
Hey at least all of you don’t live with popcorn walls
@datpip5 жыл бұрын
@@siralfredo I prefer to call it orange peel.
@SpiritRaider5 жыл бұрын
just in time for it to come back in hipster style
@slevinkelevra59015 жыл бұрын
Technically you did not buy it, if you paid nothing for it. You acquired it 🤔👌😳👍😉
@robertaylor92185 жыл бұрын
That really depends on what his new mortgage to rent ratio is. He probably spent like 10k in refi fees and pulled out another damn near 250k, even with a lower interest rate that cost him quite a bit on his ratio, he has also hiked his property taxes by 40-ish%. When all the math shakes out it may have been a very expensive enterprise, that didn't provide him with a lot. However if his goal was to keep cash free for other investments or to pay off investors or loans on other deals (and the ratio approaches 1/1 or better) then yeah, this could have been a fucking brilliant move. All depends on his goals, the ratio, and his situation; at least from what I can see.
@davidjohansson14165 жыл бұрын
Robert Aylor If you have no liability from doing this in an c-corp it may be a good idéa as you suggest. But it seems as if he is insisting on people gambleing with their savings and lives to do do the same. He never states what would happen if the house turned out the foundation was faulty or if for some unforseen reason it was only worth half of the price. The downside could be huge. Then he needs cash too pull from somewhere else since you can’t just refinance to pay off the mortage.
@davidjohansson14165 жыл бұрын
Im trying to point out that in my humble opinion that he "makes it seem" as if it's a sure thing, that the house will appreciate. It's not depending on "hidden" costs or effects from FED money supply -> Interest rates. I would enjoy him going over the risk involved rather than just not mentioning it. The "house foundation being bad is just an example of a "hidden" cost that could affect the market value.@Parwiazify
@thepodlabs5 жыл бұрын
slevin kelevra dislike, unsub!
@davidjohansson14165 жыл бұрын
Sure, link me one@Parwiazify
@lydiayuna91555 жыл бұрын
Here in my garage , just bought this new lamborghini for $0 ...
@Zia-ep3co5 жыл бұрын
lydia yuna k n o w l e d g e
@yettiman89415 жыл бұрын
Not the same concept..
@sendbitcoin5 жыл бұрын
cool
@tedk.96015 жыл бұрын
Would be possible lol he got his Tesla for 78$ a month lol
@memeade39145 жыл бұрын
Don't belive you
@TT-vs2ti2 жыл бұрын
Mindblown! Always enjoy watching your content Graham.
@MikeySauls5 жыл бұрын
Sorry if this seems too simple... But I would love a video of exactly how you went about rate shopping. Did you write emails to the new bank showing another banks interest rate and having them beat it? Over the phone, in person, or all online? How long did the whole process take? Did some banks want to pre-underwrite and do lots of work for a pre-approval? Did you send out multiple requests at the same time or wait for each bank to finish before moving to the next? Thank you!!
@dempseydoodles5 жыл бұрын
Rate shopping is the same as shopping around for insurance. You take your Declaration page and bring that to another insurance agent and they beat your price. Or cars... same scenario. Alot of this can be done over the phone and with the few clicks of buttons, emails are sent and within a few hours you have a bunch of quotes.
@MikeySauls5 жыл бұрын
Thanks for the info! Appreciate it! Also, would you start trying to rate shop the moment the sellers accept your offer? Can you start beforehand or probably not since the bank needs to know the exact amount of the loan? In hot market like California, I feel like there's pressure to move through the process as fast as you can since there's so many competing people. Would you expect to finish rate shopping under a week? Thanks again!
@joanna51755 жыл бұрын
At first I agreed with everyone in the comments then after watching the WHOLE video it finally clicked why you would do this, because you want that $150k back in your pocket to acquire another home, thanks for sharing this genius idea!
@FlorecentTurtle5 жыл бұрын
Well, it also pays you off for your overhead investment and allows you to rent the property out for a competing price where you have them pay your mortgage and interest and pay you a little while holding a massively appreciating asset.
@chanhyun44125 жыл бұрын
Risk free investment
@dslay045 жыл бұрын
Feel like it puts you at risk you having a toxic asset.
@Willtaylor_uk5 жыл бұрын
Another sick vid Gram. Your killing it. 🔥🔥🔥
@GrahamStephan5 жыл бұрын
thanks!!
@Ceelo_84 жыл бұрын
I am god.
@benjaminbong92144 жыл бұрын
@@Ceelo_8 cool
@tituscapoeman65024 жыл бұрын
What kind of business classes should I take to have a better understanding of how this works ? I really enjoy your knowledge and info.
@kingb54864 жыл бұрын
Aye lmk if someone responds
@romainpaulo82164 жыл бұрын
Search up the brrr strategy from the bigger pockets they have videos on KZbin and even books you can buy to learn the strategy he used
@SubsformyCAT-vr3qy4 жыл бұрын
I agree
@rayhon10144 жыл бұрын
it is not difficult to understand. His first round is to fix up the property to boost up its value and then 2nd round is that his property surged in value due to the demand with interest rate went lower than before. As long as your house value increases, you can refi your house with a loan bigger that covers your previous loan with the delta to your pocket. Now the delta from loan gets him back the money he put in and then he rented out the property to cover his mortgage.
@Emanxkillz5 жыл бұрын
I got a house for 0$ dollars too went behind a liquor store got a box an boom I'm living the good life
@usernamechecksout99015 жыл бұрын
EMAN ENTERTAINMENT lol
@TAKprod5 жыл бұрын
Can you make a video on this method please
@usernameisusername5 жыл бұрын
Lie. You forget the remodel costs
@John-TV_Random-Videos5 жыл бұрын
That box would be $1500 a month in New York.
@arjunmishra83335 жыл бұрын
new york gang gang
@ZacharyLaid5 жыл бұрын
Alright, Graham is the real monopoly master, imagine him at Ben Mallahs age....
@GrahamStephan5 жыл бұрын
Ben Mallah is the goat!!
@tensei35205 жыл бұрын
Youre everywhere man!
@whattime97895 жыл бұрын
GTFOOOO
@whattime97895 жыл бұрын
@@tensei3520 he is and he needs to get a dam life
@SimenAndre5 жыл бұрын
What a clickbait title. You just got a bigger loan based on the value getting higher. It still cost you money, just not up front. You still have the downpayments. I bought my first apartment with a 100% loan. No money up front. By your logic I can then say I got the apartment for free? :P
@crazyGodLikE5 жыл бұрын
Well, he isn't going to be living there. So the EMI is going to be paid for by the tenant occupying the property. I guess you could say that if you didn't live in the home you purchased.
@z31801605 жыл бұрын
he just put it in the most ideal situation when the market goes up. When you forfeit his old loan he has to pay a penalty for that.
@sanctumbeats5 жыл бұрын
yash kapur dude he is currently living their .. see the blurred portion on the camera 😂
@meisam71445 жыл бұрын
@@crazyGodLikE , if he receives a rent same as the loan he still has to pay for house tax, income tax, house repairing, etc for a house which is his in 30 years. But yeah he can just sell it and earn sth because the value has gone up but IT IS NOT FREE :))
@TheRedHunta5 жыл бұрын
Watch the whole video.. smh
@CarolinvonPetzholdt3 жыл бұрын
That’s because you are smart! You know what you are doing.
@SkillsofAesthetics2 жыл бұрын
he isn't smart, he is a real estate agent with a passion for studying economics.
@josec4395 жыл бұрын
I bought a house, flipped it, made money, so I bought it for $0
@jaytree5 жыл бұрын
Thank god your smart enough to know the difference.. he still owes money
@ericksonsainval5 жыл бұрын
@@jaytree he got his money back and the tenants make the payment... if anything he most likely still cash flows, so he pays nothing for a house, worth almost 1 mil... that he could later sell.... for huge profit
@ericksonsainval5 жыл бұрын
@David You paid off the loan, never got your money back. He got all his money back and someone else is paying off the loan.
@collinborsheim5 жыл бұрын
Okay regardless if he technically wrong, and he didn’t pay $0, can we just appreciate how smart and wise this guy is! So I honestly didn’t care that he didn’t technically pay $0, I’m just impressed this guy went through all this to get a “$0 house”
@josec4395 жыл бұрын
FaZe Quarry I’m impressed too he was able to get a good deal, but he would have worded the title to represent what he did. Smelled like a click bait title, and I, also we, fell for it
@Anonymous-sb9rr5 жыл бұрын
Lots people don't have the initial investment money, even for a cheaper house, nor the financial credibility to get that kind of mortgage.
@gurindersingh58525 жыл бұрын
Then save lol
@blakeramsey33735 жыл бұрын
Its your job to get that money
@mahdys4 жыл бұрын
“It’s free real estate” hell ya
@jakemf14 жыл бұрын
mahdys hell no- it’s not real
@pullups27594 жыл бұрын
Watching this video the whole time I kept thinking to myself how lucky he got. Then I remembered how long he waited and how much work he put in and realized he made his own luck.
@freekick1295 жыл бұрын
the title may be misleading but the lessons and steps he took can still be applied. May have to watch some more of this guys videos
@GrahamStephan5 жыл бұрын
Thanks!!
@kestonsmith13545 жыл бұрын
Still needed money to purchase the home regardless and if you can't get a loan, you are basically screwed.
@freekick1295 жыл бұрын
Keston Smith if you can’t get a loan, check out things like “seller financing”. There are ways to get in to real estate without big down payments
@blakeramsey33735 жыл бұрын
@@JM-oi9pk What?
@MikeRosehart5 жыл бұрын
Right there with you! I’ve got about 20 properties this way over the last couple years. 50 in total, 20-30 were full BRRRR - Buy, renovate, rent out, refinance, repeat. Some of the deals end up partial BRRRR where you only get half the Reno & downpayment back out. I’ve pulled all my capital out on most of my properties, it’s a beautiful thing thanks to appreciation & strategic value add.
Now we got to learn how to get that down payment...
@sub.5335 жыл бұрын
Cherry Tung - The Frugal Designer Handbag Lover lol just sell something and save up
@cherrytung5 жыл бұрын
@@sub.533 Jajaja maybe more than something... more like EVERYTHINGGGG
@MasonsTurtle5 жыл бұрын
@@cherrytung Have to cut back on that avocado toast. It's hard, but we must make sacrifices.
@LordDecapo5 жыл бұрын
@@MasonsTurtle YOU CANT HAVE MY AVOCADO TOAST!!!
@Storesdavidal4 жыл бұрын
Thank You Graham For Your Educational Videos.
@ryanbob34625 жыл бұрын
Its free real estate
@GrahamStephan5 жыл бұрын
I love it!
@msl16895 жыл бұрын
Sorry I'm confused. If you took a new loan and used it to pay the old loan, don't you still have to pay off the new loan?
@GreenLittleRobot5 жыл бұрын
He will have renters in the duplex paying off the new loan.
@BaioWithMayo5 жыл бұрын
As far as the explanation goes in the video, his initial investment is all that he is stating he got for free. When most people buy property, even as rental properties, the biggest hit is the down payment, which cant be recouped monthly unless they have a golden deal like this. So Graham was able to do 2 refinances which payed him back his down payment and remodeling cost. Now he has a renter in 1 or both units (cuz idk if thats where he is currently living) that, due to his research, he knows will cash-flow and pay down his mortgage. So in the end, he is still paying +600k for the property (i think) but the money that is actually paying that down is his rental income, which you can think of like a dividend from a stock, so he just reinvests that into the property, and therefore is literally playing with the house's money. *ba da chh*
@msl16895 жыл бұрын
Thanks for the explanation guys. I must've missed the part where he had tenants paying off the loan for him. It makes sense now.
@BaioWithMayo5 жыл бұрын
@@msl1689 he never actually mentioned the tenants in his math in this video so I understand the confusion but his other videos explain the research done to cash flow, but glad to help otherwise
@samlee61525 жыл бұрын
@@BaioWithMayo I'm still confused because even if he has tenants paying off the loan, wouldn't he still make $0 net profit? Wouldn't he have to charge the tenants more than the monthly loan to make a profit? Or are there inherent/long-term benefits to owning a property that make this worth it? Sorry I'm still kind of new to this
@richardvg035 жыл бұрын
Comment for the algorithm! If you haven’t already, can you make a video specifically about mortgage shopping and refinancing/cash out refinancing??
@jcliffang5 жыл бұрын
This please!
@VaradS4 жыл бұрын
Its just two days i am following this channel, very informative and great connect. 💯
@Tentedsumo5 жыл бұрын
I got my house for $0 too But it’s a 3x4 dirt block house with one bed
@toxiiciity23555 жыл бұрын
Ryan Rhino3 in Minecraft
@Tentedsumo5 жыл бұрын
Toxiiciity Yeah
@sicklesbrandon5 жыл бұрын
Pretty sure minecraft cost like $19.99 thooo so 🤷♂️
@Tentedsumo5 жыл бұрын
Brandon Sickles If only Minecraft Lite still existed 😢
@faxmachine99735 жыл бұрын
U know ur a real man when...
@josephjames25995 жыл бұрын
Absolutely love your videos, keep up the great work 👍🏾
@GrahamStephan5 жыл бұрын
Thanks so much!!
@d3r4g455 жыл бұрын
How I got it for free: I had 150k cash and bankloan for 400k
@Maykay13125 жыл бұрын
C O ye definitly free
@PartikleVT5 жыл бұрын
poor people look at cash, rich people look at percentages.
@SimonElias5 жыл бұрын
Yes he got his original investments back but by refinancing an improved property for a lower rate on a higher mortgage. That $600,000 mortgage will be around $700,000 with interest after 30 years. But he got a cool video title out of it.
@ellax3255 жыл бұрын
@@SimonElias Considering he is renting out the property which is in a prime location in LA, he'll be fine.
@TBasianeyes5 жыл бұрын
@@SimonElias The renters pay the mortgage and he has cash flow. If for some reason he can't make he mortgage payment in the future, the bank takes the house but his personal savings won't be affected.
@josetraso63133 жыл бұрын
The goat in real state . Best KZbinr on giving actually helpful advice. Thank you so much . And btw I always SMASH the like button for the KZbin algorithm.
@NickCuttonaro5 жыл бұрын
Graham! Pleased to say I just crossed the 335 subscribers mark on my KZbin channel in my FIRST MONTH after taking your KZbin Creator Academy program. For anyone reading this right now who is on the fence about buying it... BUY IT. One of the best investments I've made in a long-time and put me on the right path on Day 1 with my KZbin channel. PS - Loved your last video where you made over $100k last month from YT, def. the motivation I needed to keep pushing forward. Keep doing all you do, Graham. You're the man!
@BaseBkln975 жыл бұрын
Good stuff man.
@GrahamStephan5 жыл бұрын
Ah thank you!! And for anyone curious, NO I did not ask or pay for any promotion haha
@coinreviews1175 жыл бұрын
@@GrahamStephan Always covering your bases, love it. Really enjoyed your Bitcoin video last week Graham. Long live Bitcoin!!!!!! hahaahah (but DYOR, of course!!)
@marks44715 жыл бұрын
Kuddos to you, Graham! You deserve to be wealthy, because you think like a wealthy person!
@rr.studios5 жыл бұрын
He...he is wealthy.
@judeirwin22224 жыл бұрын
Hi. The word is "kudos". It's a Greek word meaning praise for achievements.
@ritadougherty44035 жыл бұрын
I'm so new to this but I kind of understand how this works and have been studying hard this same sort of thing... You simplify this so much more for me and I thank you so much!!! They say you can't teach an old dog new tricks... Well Graham... That's exactly what you're doing... I can't thank you enough for everything I've been learning from you... Less than a year ago I never thought it possible for me but now I know it can because I just bought my first 6 plex a few days ago... You give out so much information to research... Its hard for me to imagine you of all people get negative feed back... You've really given me so much inspiration that even at my age I know I can do this and I can't thank you enough... To anyone out there giving negative feedback I just want to thank you for creating even more entertainment to Graham's already entertaining videos... I love you Graham ❤❤❤
@aryanstreet99805 жыл бұрын
Would you mind sharing with us how much money you had to put down for your house? Just trying to get an idea
@sopelarias53714 жыл бұрын
Enjoyed the video, much respect on the direction you're taking is channel..
@Nicolas-ig1bf5 жыл бұрын
The title got me to watch. But should be labeled as: “The $0 downpayment, No PMI home”. .. fine print says:: 675k loan remains to bank. But nice buy.
@kylesummers74785 жыл бұрын
Nicolas Im 99.7% sure he’ll rent It out and have the renter pay the loan. So he still technically won’t be paying anything.
@rawdez_5 жыл бұрын
@@kylesummers7478 sooo... he'll get this house for himself in 30 years (if everything works out well).
@shaolinmunky20125 жыл бұрын
@@rawdez_ or... someone will pay the loan, building his equity, until he sells it and cashes out the equity.
@rawdez_5 жыл бұрын
@@shaolinmunky2012 >until he sells IF he sells it the price present on a thing doesn't mean you actually can sell that thing for that price in real life
@noelcarolmusic5 жыл бұрын
Assuming he keeps the house for 30 years the appraised value will either increase or it will decrease. In the event that decreases it will never decrease to the point of becoming 0. In the meantime though he has rented out for 30 years. Do the math at the meager amount of $12,000 a year * 30 years dot-dot-dot that's still $360,000. So technical if the house were two devaluate during those 30 years he would still have a $360,000 buffer. However that scenario is quite unlikely to ever occur. Furthermore I was using a very meager $1,000 a month rental income which I highly doubt is all that he is getting for this place. It's likely more like 3 to $4,000 a month so just multiply that 376000 by 3 or 4 times and that put some way ahead of the game in the event the property became worthless over the 30-year. And remember one thing in the end regardless of which way the property value goes he still has the house and whatever equity that house has now become which is 100% his after 30 years. It's not a losing situation. I would die to do this kind of stuff myself granted it still takes money to make money
@mibellanote5 жыл бұрын
I feel like all of this should have been taught in school! And I love that you put the numbers on the screen because I’m such a visual learner👏🏾 Definitely subscribing!
@jakemf14 жыл бұрын
mibellanote many things need to be learned in life not expecting schools to teach us everything
@jakemf14 жыл бұрын
Punchi Games reading and writing are important don’t underestimate education- the fact that many don’t care when in schools is not a school problem it is a societal issue
@jakemf14 жыл бұрын
Punchi Games stop being a victim- you were taught to read and write and do math last time I checked that was important- come on
@potato87574 жыл бұрын
@@jakemf1 only elementary school
@jakemf14 жыл бұрын
@@potato8757 History in HS, Advanced math in HS, many schools also have economics
@MikeRosehart5 жыл бұрын
The click-bait is real :) love it! As a fellow KZbinr I look to you for the best click baity title & catchy thumbnails! Setting the trends. I assume it’s a BRRRR (refi). Over time pretty well all real estate is 0$...with strategic value add & appreciation.
@MikeRosehart5 жыл бұрын
I’m not 1st but close :P
@GrahamStephan5 жыл бұрын
Haha thank you man!
@robert_iacob5 жыл бұрын
not clickbait
@MikeRosehart5 жыл бұрын
Robert Iacob close :P
4 жыл бұрын
Really like the content and the way you sharing .Big love
@samanthatewalt58545 жыл бұрын
It's like we are speaking the same language but I still don't understand. I'm trying so hard 😂😭 cause I want to learn this stuff but man....my brain is not wired for numbers
@LovedeepSingh-oo1wv5 жыл бұрын
Samantha Tewalt ME also I can’t understand🤦♂️🤦♂️🤦♂️
@maartenverstraelen2185 жыл бұрын
read books
@SueYisoSueet5 жыл бұрын
Hi Samantha, incase you still wanted to understand this situation, I'll try to explain the best I can. Graham initially puts $230K of his own cash into the house in order to purchase and renovate it. As the value of his his house grew, he took his increased home valuation to a bank for a refinance, where the banks say, okay your home is worth more now, so we can risk giving you a larger loan. The reason why banks do this is because it's generally a win-win situation for them. If the homeowner pays their mortgage, their profit is the interest on the 30 year mortgage. If the homeowner for whatever reason cannot and has to foreclose, the bank owns the property, and can sell it for more than the loan they handed out, since the value of the home will likely continue to grow over time. Then the bank's profit is whatever the house sells at minus the mortgage still left on the house. All Graham cares about is that he has 0 of his own cash tied up in that house. His down payment and reno cost $230K of his own cash. Now, if you imagine the bank actually handing him ~585K in cash, for his refnance, he uses 438K of that to pay off the original mortgage, and now has 145K cash left in his pocket, so the total cash he now has tied up in the house is 230K-145k = 85K. A year later, the value of his house appreciates much further, so he goes to the banks again sees increased worth of the house and is willing to give him a larger loan of 675K. If you again imagine that they just paid him in cash, he utilizes 585K to pay off his 1st refinanced mortgage, and is left over with $90K (he said 85 so I don't know if my numbers are exact), which is roughly equal to the 85K he still had tied up in the house. Therefore, in terms of cash investment he put in, he was able to make it all back within 2 years due to recognizing a good house within a good neighborhood at a relatively low price. Since he now has the $230K back, he can utilize this amount to purchase another property where he can restart this process. Not to meniton, during this time, he also has renters who are usually charged more than the mortgage payment, so he's also making a profit while renters pay down his mortgage.
@SueYisoSueet5 жыл бұрын
@Michael G True. You are absolutely correct.
@samanthatewalt58545 жыл бұрын
@@maartenverstraelen218 rude
@ObscureCooking5 жыл бұрын
I love the video Graham its pretty much the BRRR strategy but instead of Redo you Refinanced again. Only thing I wish was in the video was if you explained how much the new mortgage is after each cash out refinance and how much you rented it out for. Even if the mortgage is more than the rent I think most people would appreciate the full picture.
@alisonexe5 жыл бұрын
It’s free real estate. I’m so original. It’s hilarious.
@jcg7024 жыл бұрын
I've been scratching my head on figuring out how to buy my first rental. Bought my current home for under market value due to its condition. Never thought about refinancing to get money out. Thank you!
@maxgreen99675 жыл бұрын
so no out of pocket but a $675k debt?
@koihc5 жыл бұрын
Paid off with rent income. Or he could sell the property for $900k and make an instant $225k profit. It's nice that tons of people don't understand this though, less competition for the rest.
@carlosandleon5 жыл бұрын
@@koihc why did he get a more expensive loan?
@chanhyun44125 жыл бұрын
@@koihc with a low fixed interest rate.
@malaki45195 жыл бұрын
Not really considering the value increase the second he sells it he’s making even more money because the more people who move to LA the more the property values go up. Therefor he can really sell it and make a pretty penny from it.
@MILSPEC_MEXICAN5 жыл бұрын
koi well said 👍
@GIboy19905 жыл бұрын
So its free because: 1. all monies invested were returned during the refinance 2. the remaining balance on the mortgage (and annual taxes) will be paid by the occupant of the property + a monthly stream of income to your pocket. Now what happens if it sits and you cant rent it out?
@AlexNasatka5 жыл бұрын
It is wise to keep a cash reserve in order to continue making mortgage payments during a vacancy (which is inevitable at some point in the rental business). If the property is still sitting vacant for an extended period of time in a hot market, either there is some sort of "red flag" that is discouraging potential renters, or your asking rent is too high.
@KaitouKaiju5 жыл бұрын
"Can't rent it out" We're heading for a recession and you're worried about rental demand?
@GIboy19905 жыл бұрын
@@KaitouKaiju I simply asked a hypothetical
@KaitouKaiju5 жыл бұрын
@@GIboy1990 hypothetically, you might get hit by a bus on your way to work tomorrow. It's not a risk worth worrying about if you buy smart.
@lakecityransom5 жыл бұрын
Life itself is a series of risk management decisions. The value of the property now means he would be able to discount it pretty heavily ($300k property value increase) and get rid of it fast if he really wanted to and would still be net positive.
@Cerealbite5 жыл бұрын
nothings free.. time AINT free..
@victormanuelcastillo46905 жыл бұрын
True
@thomasveysey73634 жыл бұрын
i don’t get how he paid off a loan with a loan and then called the difference profit ?
@snakevenom49544 жыл бұрын
So he got the original loan of the 435k from a bank to get the house to begin with. He renovated it and got it appraised and got another loan of the nearly 600k. He payed the first loan with the new loan and the extra is essential money in his pocket since there's nothing left to pay. The extra 145k is essentially free money. Time went on and he went looking for a better interest rate, found one he liked, the bank got someone else to appraise it and he got yet another loan. This new one payed the one he previously had and he was able to keep yet another 85k which meant he broke even with a smaller interest rate. All that's left is to pay off the mortgage for the remainding 30 years and the house is his for free. It's sonething I would not have come up with but it's damn smart. For short, he got a loan, got a new loan that payed the old loan and he was able to keep some of the money, got yet another loan to pay the previous loan and this new one not only meant he broke even, it was lower interest rate
@rkgoals34474 жыл бұрын
@@snakevenom4954 how can he get three different loans against the same property. Isnt this fraud.
@snakevenom49544 жыл бұрын
@@rkgoals3447 I don't think so. They were all at different times and each time a 3rd party appraiser was used so no bias was included. Plus, I'm sure a bank would love to get into a nearly million dollar house at 3.75% interest
@rkgoals34474 жыл бұрын
@@snakevenom4954thanks for the reply. but my concern is that at the time of getting the first loan he must have submitted the house papers with the bank. Then how could he get another loan without submitting the papers beforehand to the second bank.
@bl66284 жыл бұрын
@@rkgoals3447 He bought the home, spending X amount of his own money, with the bank loaning the rest. After renovating a home, the value of a property will always increase, so he went to a second bank for a loan on the mortgage, and after appraisal, the value of the home was MORE than the original loan. He used the second loan to pay off the first loan, and since it was higher than the original, there was money leftover, which he pocketed. Some time later, due to the growth in the location the house was in, the houses value increased because its location was desirable. So he again went to another bank for a loan, and after appraisal, it was also greater than the second loan. So he used the third loan to pay off the second loan, and the extra money went into pocket. Now, you could essentially just do this over and over, but the downside is that your mortgage will get larger and larger...and you must FULLY pay this mortgage off before the house is completely yours. If you can't pay your mortgage, you will eventually lose the house, and the bank that you owe that mortgage to will now own the house. This is why banks are even willing to do this. They want your monthly money (from the mortgage) and the opportunity to own your house if you fail to pay. I believe banks also get loans from the government for giving loans to people so there's that incentive as well. Paying off those original loans with other loans was more about getting money back into his pocket, essentially replacing any money he'd spent on the property. As far as his bank account is concerned, that money never left, but he now has that property. Shopping for the lowest rate before the 3rd loan was about minimizing the amount of money he'd have to spend per month towards that mortgage. This makes it cheaper to own per month, and when he turns it into a rental property, means more money into his pocket per month as opposed to the banks. Even though the first two loans to pocket money was a very quick return of investment, the money he makes over time isn't as lucrative. It's going to trickle in. But here's the thing, he'd essentially be pocketing several thousand per month, from a property, that at this point, he never came out of a pocket for. It's free real estate. Do this 5 times and you could potentially have $15,000 "trickle in" every month (assuming $3k mo. rent) and any money earned doesn't go to anyone but him.
@alexorassa54775 жыл бұрын
would be cool if you could talk one day about the Homestead act...and property tax. Interested to hear your thoughts on these things. In my opinion we are not truly free until we have no property tax.
@GrahamStephan5 жыл бұрын
I have no problem with property tax. Someone needs to pay for roads, street lights, etc.
@alexorassa54775 жыл бұрын
@@GrahamStephan agree with you here. I think there are other ways of paying instead of taxation by force. it can be truly voluntary and law of nature will work its magic. also decentralize systems like bitcoin will enable new things possibly you and I have not thought of yet
@mikemaleki90635 жыл бұрын
Ok fine I liked this video Graham. Don't get used to it. . . . . You know we love you.
@GrahamStephan5 жыл бұрын
haha thank you :)
@StephenDev5 жыл бұрын
That's interesting , I don't know a lot about real estate so learning a lot from you !
@tomash_3545 жыл бұрын
Oh another online making money guru! Thanks for trashing the community
@yannisvrakas52264 жыл бұрын
The previous video I watched from you was about how much money you make from youtube, so I randomly watched this one. You got me to click like and subscribe because of your friendliness. Great job.
@GuyScott15 жыл бұрын
Another 10 million dollar video and another 103k incoming.
@GrahamStephan5 жыл бұрын
Amazing!!
@GuyScott15 жыл бұрын
@@GrahamStephan keep up the amazing content, Graham. These videos inspire and educate people around the world
@RettigJ5 жыл бұрын
Graham Stephan How would one go about becoming a millionaire if he (or she) starts at 18 years old... Asking for a friend
@dancingformysavior39715 жыл бұрын
@@RettigJ Oh hey bro. Ask for me also. :p
@RettigJ5 жыл бұрын
Dancing For My Savior sup sis and okay.
@jasontong58754 жыл бұрын
OMG LA property over $1m!!! Hong Kong cage houses: Hold my sq fts
@zainmeer34154 жыл бұрын
lmao true tho
@Ofishu4 жыл бұрын
😂😂😂😂
@saltyboi93175 жыл бұрын
I'm 14 years old, but these videos are better than Brawl Stars lol. Edit: I am 15 now.
@David-hh8on5 жыл бұрын
I would like you to watch this kzbin.info/www/bejne/nl7Gq4eNp6abaLc
@john7965 жыл бұрын
I think he means these comments
@soggerstheimmortal5 жыл бұрын
Same
@MalachiMunn5 жыл бұрын
I'm 16 and this video just blew my mind, Graham is a god lol
@realdream75835 жыл бұрын
Im 16 and no one asked for your age
@AlSwegen4 жыл бұрын
11:50 a complex idea stated pretty succinctly. If you don't understand what he said in that 20 seconds, trust me... most people don't. But you can. Learn how to put your money to work for you while you're sleeping. Well done Graham. Nailed it.
@vincentgibson6035 жыл бұрын
Owing a house can be such a joy. Except that paying for it is whole lot painstaking
@muscleman67795 жыл бұрын
On top side you get to sell it for almost 500% profit a few years later.
@coachkarenjohnson65155 жыл бұрын
Instead of flipping the property why not be a good investor and set it up for passi e earning. Its still gonna be your property
@jaytree5 жыл бұрын
He dosent want to own it or pay for he want to rent it and say its free.
@entertainmentprime1015 жыл бұрын
@@jaytree I'm confused what is the new loan? new loan to who? If it is yours why how when ???????? someone help
@jaytree5 жыл бұрын
@@entertainmentprime101 ok he wants you to refinance to get appraised for a greater value hence taking out a new loan to pay the original.. and now owe more.
@robertspencer52195 жыл бұрын
Great job on that trade! Love the way your mind works. You may be one of the best at explaining such deals. Really appreciate it!
@businesswithsam5 жыл бұрын
And to think I thought my house was a bargain at $250k...
@GrahamStephan5 жыл бұрын
$0 is more like it ;)
@RettigJ5 жыл бұрын
Roast!
@jaytree5 жыл бұрын
It is he owes 600k for that house
@jplandscaping50695 жыл бұрын
250k is stockton prices
@ZacharyBuhler3 жыл бұрын
Graham I just wanted to let you know that I’ve been watching you for years and you motivated me to finally start my KZbin channel. I kept telling myself that I don’t have time and I finally stopped making excuses and I started. Thank you for the motivation and keep up the good work.