How NOT to Invest In Real Estate!!

[@graywilliams_77.]

Real estate investment losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

[@GhanYt]

The biggest thing I learned from this video was 50% of investing is buying good companies at good prices and the other 50% is controlling your emotions when . market is moody.I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.

[@bahijarhafiri]

To achieve greatness, you need to start working with a Financial Adviser Investing remains the smartest way to prepare for the future.

[@graywilliams_77.]

To achieve greatness, you need to start working with a Financial Adviser Investing remains the smartest way to prepare for the future.

[@graywilliams_77.]

how do I get in touch with the adviser i really need a help.

[@bahijarhafiri]

I'm also interested have lost a lot of money all myself..

[@Caspertraderofficial]

For Those Who Are In A Rush: 1.) Not knowing the numbers 2.) Too much debt (Borrowing too much money) 3.) Short term loan/arm 4.) Picking a bad tenant 5.) Overpaying for a property 6.) Not having reserves You're Welcome! :)

[@casperjohansson7394]

Thanks!

[@GrahamStephan]

7) Subscribe to PewDiePie

[@got.o1296]

@@GrahamStephan 😈make a deal with a devil 😈 😂✌

[@zodiacfml]

0:51 LOL. To me, this is complaining! I hate it when things are more expensive that I can't justify investing on it. I still push through it hoping that I'm wrong and make money, then end up losing.

[@fangsinyourneck3444]

Description tho

[@marksoberay2318]

I have 23 years of real estate experience as a landlord and contractor and I approve of this video!

[@GrahamStephan]

THANKS!!

[@jajupa78]

O ya? What state are you in, want to build me a house? How much per sq foot?)

[@marksoberay2318]

@@jajupa78 ohio, single family homes about $175 a foot now

[@da14a49]

@@marksoberay2318 help

[@marksoberay2318]

@@da14a49 what do u need help with?

[@jacquesvanrinsvelt3084]

Looking back on this, the whole "interest rates will never be this low" thing didn't age so well...

[@mrsaoallen1707]

I bought a home in San Francisco when I was 27 for 475k now it’s worth 1.8m! Location is everything

[@GrahamStephan]

That’s amazing!!

[@joshuagarner1654]

Awesome brother

[@cunoodle2]

How long ago was that?

[@Koushi82]

@Rodimus Prime na just likely 10 yrs ago when housing crash.

[@johnmabbett6586]

Nice

[@Jen_P]

Love Graham’s videos. Detailed but concise and he takes the time to write out the summary in the description!! It really helps!!

[@GrahamStephan]

Thank you so much!

[@leonardogonzalez2284]

I just bought my first rental property at 20 years old, I have been on the hunt and preparation for a long time and your videos really helped me throughout the process to not make any stupid mistakes like you mentioned, keep up the great videos because you definitely have a long time viewer now

[@GrahamStephan]

Ah thanks man!!! Congrats on your first rental that’s awesome!

[@broken.bimmer4119]

Any updates? Love to know how its going now

[@joemilleriv]

Broken.Bimmer lol same

[@HassanAli-py9ce]

Make a video about LLC’s in real estate

[@GrahamStephan]

I might mention this in a future video, we'll see

[@turbo4g63det]

@@GrahamStephan I would like to see that

[@wileycoyote7081]

Multiple people would like to see that. Pros/cons

[@trvlguyz7706]

Do it please. I'm ready.,. Thanks😀

[@johnf.hebert1409]

do this please!!!!

[@ThePortraitArt]

when i do spread sheet i add 10% of expense just for the sake of add it for no reason lol! while I already over estimate the cost of everything.

[@cymbidiumm]

When living abroad, I always used a very inconvenient exchange rate to calculate my budget. Ended coming back with about 17% of my initial savings, which was quite a lot

[@RyanSerhant]

Great video Graham!!!

[@GrahamStephan]

Hey thanks so much man, hope all is well!

[@jeffreyanderson3501]

Graham, what is the best way to calculate projected rental income for a potential property? Thank you. Love your videos on all the topics you cover.

[@rickjames7730]

Did he ever make a video on this

[@Jason-mo8up]

Video Idea: How to determine how much a property you are planning on buying will cost you to renovate. What to look for….how to research cost. That sort of thing. How long it takes to evaluate the cost of renovation and when do you decide to try to figure that out before you buy the property.

[@YakMotley]

lol the Tia Lopez part was awesome!

[@GrahamStephan]

haha thanks!

[@lancehunter7504]

I haven't used hulu in a week cause this show. You're very real about money. I love it. Always smash the like button. I've been a stock investor since I turned 18. Now 21. My sisters keeps talking about real estate wholesaling and idk what wholesaling real estate exactly is or how to do it. Is it even worth it.

[@syguzman5739]

9:57 Two years to evict! The property owner must have gone through hell on a daily basis! I don't think I would ever learn to trust anybody after that 🚫 I'm so sorry to hear about your peer having experienced this!

[@GrahamStephan]

Yeah it was a pretty crazy situation!

[@lorizoli]

There was no gentle tapping... I smashed that button.

[@GrahamStephan]

🔥🔥

[@petermorey4197]

Whoa. I just realized that you can get a fixed rate over 30 years. In Canada, the longest fixed term I've ever seen is 10, and the rate is usually really high.

[@tonythaiger93]

Forgot to mention remodeling takes 25% longer than contractors promised.

[@GrahamStephan]

YES!! Very very true.

[@jayc4715]

Yep

[@caroleehubbard8380]

True statement!

[@baileymaloney1961]

Tonythetiger86 Have clauses in the contract based off the price you would pro-rate your rental. Every day it’s late = x amount of dollars. Wal-mart does this with every new construction & charges the GC $50,000 for every single day the project is late.

[@knutproductions7324]

@@baileymaloney1961 when contractors promise things it is often based off of how long it takes if nothing goes wrong, when dealing with houses, even worse old houses, its almost impossible to tell what's going to go wrong. good luck getting any good contractor to sign that on a house that needs a lot of work.

[@mugustabjeonklei2613]

How does one choose the worst property to buy out of all of them? What should the property feature to be a very bad idea? Next video perhaps?

[@GrahamStephan]

It's more so a miscalculation of price than it being the wrong property. At a certain price, everything becomes a good deal. It's about understanding values and offering a price where there's enough upside to make money.

[@texasroper2222]

Great video Graham thanks. Luckily for me I work for a big rental property company in Canada named Boardwalk. I have experienced bad tenants, evictions and all that fun stuff. You are right by saying it's worth more to take less money and have a good tenants then rent it out for more and have a bad tenant. As far as the reno costs, thankfully I have the knowledge, skills set, and tools to do everything myself. Se we are able to save by doing all that our self.

[@xNasiir]

Damn, well that 15 minutes went by fast. Good stuff.

[@GrahamStephan]

Thanks so much!!

[@Unibot47]

I like the tip about keeping a separate account for each house. Definitely an organized way of doing things.

[@kawaiijp6638]

passive income: give yourself to a single mother in need.

[@mannyjeanpierre4062]

been through the bad tenant one. section 8 bum who took 6 months to leave cost about 4k in lawyer fees and we ended up spending all the money we got for him in rent. will never rent out to section 8 again. good vid btw

[@GrahamStephan]

Jeez sorry to hear man!

[@timothycassels233]

Interest rate section didn't age too well.

[@NextLevelMeNow]

YOU are GOLD, learned so much, brand new to real estate, was just referred to you to learn about intro to finance as a renter

[@razzon101]

Hope this comment helps you with the algorithm

[@GrahamStephan]

Thank you so much...every comment matters :)

[@elijahsydney]

@@GrahamStephan In that case.... nothing. My pleasure

[@ievaa.2319]

Commenting anything

[@nsant]

@@ievaa.2319 no

[@SudeiToi]

Comment

[@maxfrederick7703]

Im in the UK and these same rules apply.... I bought my first buy to let in 2014. People have told me to re-finance and just keep going and going. Im more conservative I plan to own at least 5 outright and the rest can be debt, currently have 14 properties and 5 mortgaged. One is a big one which I need to re-fi to pay a loan back to my dad (its a big loan). But yea total loan to value should still be under 50%.... people get carried away by buying more and more and more with massive debt and then when the rates change they have no headroom. Good vid.

[@GrahamStephan]

Thanks!! That’s an awesome plan!

[@jrcarpetexpress2858]

Wish you were around 6 years ago when I bought my 1st rental. I had no knowledge no help I struggled for the 3 years. But I learned from my mistakes so it's all good now. Still learning thank you for all your content.

[@GrahamStephan]

Thanks so much for watching! Yeah, the first one is ALWAYS a learning experience, no matter how much you prepare.

[@mikekirkland2487]

As it is said, experience is the best teacher

[@nirmalkarthik5892]

Amazing as Always! Thank you, Graham!

[@thomaslynch9858]

Sounds like the moral of #4 is don't rent to a lawyer??

[@GrahamStephan]

Basically

[@jgtv6269]

😂

[@lee-eb2cn]

Lawyer probably owns the property now. Should be up for lawyer review board. This is just wrong.

[@triciamunroe]

If that happens again with a lawyer, report him to the Bar of his state license. I know, I'm a lawyer. That would have gotten his attention.

[@wallihaley5194]

YogaWellnessMoney, I am a lawyer and I agree.

[@LordBlackNephew]

Graham, hands down you are the best out when it comes to investing, just to many commercials plugs, I know you did a review on roofstock, but dont they prevent most of what you mention in this video?

[@luisureta1235]

Hey Graham, I would love to see a video on renting out rooms in a house while living in the house? What are the pros and cons, and is it true that one big benefit is no laws protect them and you can kick them out next day if you really wanted too, without anything protecting the tenant. What is your perspective on this or how familiar are you on this field?

[@tcojack2013]

No, you cannot simply kick them out. You still have to go through an eviction process. Check your local state laws for specifics. I have done this and know someone who does. Works well as long as you don't mind strangers as roomates😊.

[@Zimbax]

Hello! I'm 15 and I'm so hyped for Real Estate. I earn money from YT and I'd like to become a pro like you in investing.. Do you have any tips for a youngster like me? I have read RichDad books also. Maybe you have any suggestions for me :D Btw that weed in the garage tho lmao

[@Tridzoid]

Someone told me right now wouldnt be a good time to buy a property and the best time will be around march next year because interest rates are going up. Is this true?

[@GrahamStephan]

Who knows...I have a video posting next week about my prediction for 2019!

[@aarongold7220]

yo wtf did you know about the RONA and the low interests rates making may-june a great buy period. SUS DUDE VUTE TRIDZO HE VENTED

[@diabeticnova2636]

@@aarongold7220 lmaoo for real

[@Aptenodytes]

Youre friend was right LOL. big prediction.

[@josearchuleta387]

@@aarongold7220 wait who said what

[@mannamedbanjo]

Probably reading about your county's tenant laws will be of good benefit.

[@michaelwikoff6081]

I'm 21 and looking into buying the home across the street from my parents. Not even on the market yet and below markey value. Definitely a fixer upper, but the idea is I live there for a year or two and fix it up, then rent it out to pay my mortgage and make alittle profit each month. Love your videos.

[@zgreen6604]

@GrahamStephan have you ever rented to traveling healthcare workers? I've discussed the idea of that with a healthcare coworker and I feel like that might be a decent way of filtering out bad tenants. Yea anybody can be a bad tenant, but I feel like having a license on the line would help curb those kinds of issues.

[@Iheartlifting]

Z Green I would think so too

[@gratedcampbell9553]

Upload on a Saturday?? Was not expecting this but I’m happy I got the notification! Cheers

[@GrahamStephan]

I tried posting this yesterday, but KZbin never sent out notifications for some reason and it never appeared on the sub feed. So I had to re-post. Figured I'd test out what a Saturday morning does!

[@gratedcampbell9553]

@@GrahamStephan I was waiting for my Friday night notification, glad its up now.

[@doblleo]

I was looking for his video yesterday and never found it, then went to Stradman’s channel and who do I see there??? Mr. Stephan!! I think he lost track of time watching KZbin videos lol

[@heldsa]

Haha Graham, I am long time watching your videos and just now realized that house on the preview is upside down house from my hometown Tartu, Estonia 🇪🇪

[@InvestingRobinhoodInvestor]

Great video Graham! Very helpful

[@GrahamStephan]

Thanks so much!!

[@stancuflorin]

lol

[@TheHadesHand]

My main questions are how do you know, without experience (aka first time) , how much money you'll need for renovation, repairs, etc. and how to figure out the market, how to do the numbers right. this kind of stuff. I'm just researching right now to hopefully get into this in a few years (or sooner) depending on when I can get enough money for a good 20% down payment on a good first property.

[@OmerTheGreatOne]

Ive had couple of bad tenants. My method was to annoy them back: Give them notice of rent hike, as per legal agreement. Do in-house inspection, thoroughly. Every month. Give them eviction notice, even if, the rent is late by 2 days. After the rent is paid the notice is invalid so i tell them they don't worry about this notice cause they will pay in 2 days anyways. 🙂 (These multiple eviction notices are your evidence that the tenant was giving you issues). Replace any necessary item with most oldest used item i can find on craigslist, so it fulfills the legal requirement but they won't like it. Take LOTS of pictures of any scratch i find new. After they ran away i renovated the place and sold it. Still made profit. Just my 2 cents. 👍

[@tboland728]

Real American hero. Depending on the state real estate investing can be a legal nightmare.

[@shawnbutts2403]

Man! This guy’s serves 🔥 with good practical advice.

[@MichaelJayValueInvesting]

Number 7: Don't buy land deeds for the moon.

[@GrahamStephan]

Number 8: Don't buy on mars, either

[@kiantabesh2083]

Elon would disagree

[@nox_chan]

you don't need to buy it if you conquer it

[@Templarswordxx7]

Wrong wrong wrong... your future off spring will thank you. Buy that chit and invest in your great great great great great great great great great great grandkids future. Way not to care about the kids... un subin🤬

[@silverltc2729]

@@Templarswordxx7 why not look after the land we already have?

[@alexugurlucan5940]

You are great. I agree with you on many cases. PLEASE, PLEASE, PLEASE slow down a bit when you talk. You will be very very effective.

[@animalisticores5713]

If I want to open a Roth IRA should I contribute checks I get from my job or from my self employment ? What looks better and brings back more or is it the same?

[@GrahamStephan]

It'll be the same, it won't matter where the money is coming from

[@JulianCarr24]

Graham, can you do a video on how to evaluate how much a property will rent for before buying it?

[@GrahamStephan]

🙌🏼

[@sonohrina2012]

They way you put all this info makes me feel like i can actually do some realstate investment

[@izzyfluent]

You should do a video on section 8, how we can use our property for section 8 tenants 🙏🏽🙏🏽

[@jaycepedro7147]

Don’t

[@t3stbug]

Could you elaborate or link what you mean by the tenant offering rent? I live in Oklahoma and everywhere I’ve lived and all of my family’s rentals have a set rent. How would you go about asking for $X of rent OBO.

[@booneyinc9515]

Helps my pockets out tremendously

[@GrahamStephan]

😂

[@Shannon_Vlogs]

I actually SMASHED the Like Button, I hope that is ok! Gently tapping is against my nature.

[@GrahamStephan]

THANKS!!

[@shrim9123]

How’s your screen?

[@alphaman6795]

Yeah well I am doing all the work myself, so yeah being a builders labourer is paying off!

[@yvesseguin6381]

You’ve made a lot of valid points that me, myself has made. I find that my HELOC is very helpful. But, I have a couple free and clear properties so makes it easy. Good advice. Thanks

[@toprock6058]

I like your videos. I've been really interested in real estate and renting homes and apartments. This video will help a lot more for first time investing. I've been subscribed for a few months now. Keep it up

[@GrahamStephan]

thanks so much!!

[@goodnews6259]

Commented just anything for the KZbin's algorithm engagement thing: Great Video Stefan, as always!

[@GrahamStephan]

Thanks so much!

[@maemergency8357]

OUTSTANDING Video, like all the rest. Thank you very much.

[@GrahamStephan]

Thanks so much!!

[@TeleportlabsETH]

would it be a good idea to negotiate a lower rent in exchange for good behavior? meaning that if they don’t become a nuisance that first year they get a discount onwards.

[@GrahamStephan]

Never hurts to ask!

[@jeffrelf]

_ Too many variables to know who's good or not. Even a stellar tenant, with years of early payments under his belt, could stop paying, and refuse to leave. _

[@Postofficejoe]

My first building I gave half rent off for Christmas for paying on time, Now I just take off 100 bucks .. Note, this does not change there behavior...lol

[@jeffrelf]

_ Re: @@Postofficejoe​'s failed efforts. Technology&Globalization are displacing workers, causing homelessness. In Seattle, I feel the charity from Bill Gates and Jeff Bezos trying to ease this (ShortTerm) problem. _

[@rickkern5785]

When they think they are an awesome renter they usually are a pain...

[@brandonbe5351]

I really wish youtubers would ask for likes after or a little ways in to the video.besides that Graham your videos are phenomenal. Thank you.

[@GrahamStephan]

Haha thanks!

[@level1life79]

Omg a video by Graham that I havent watched yet! I wonder how many more there are xD

[@GrahamStephan]

🙌🏼

[@MintySanya]

As a 16 year old, what advice would you give to me or what advice would you give to your 16 year old self? Perhaps you could make a video for what teens should do? You are very inspiring and have made me think twice about my current studies. Cool videos.

[@GrahamStephan]

kzbin.info/www/bejne/gmOlipihnraFmpY

[@bubblebuster4702]

I have a dilemma: should i buying a rental property or buying my first home???

[@bubblebuster4702]

Can we get a video on this topic?

[@GrahamStephan]

kzbin.info/www/bejne/o57YpI1sa9p7baM

[@kevinattig6689]

Buy a duplex or a fourplex and live in one and rent out the other units.

[@DavidMossMGS]

Bubble Buster If you don’t wanna live in your own multi family cause you have a family and want a yard and all that Then I’d buy a home over rental

[@jalabi99]

My family can live without a yard for a few years if we are getting paid to live in our house. Get a fourplex, rent out the other three units and live in the fourth one.

[@kevinstoddart]

(3) In Canada. Hunting for mortgages now. For an investment property not a single lender is offering me any longer than a 5 year fixed rate. Can get up to 10 year if it's a home you're living in.

[@Big_meech29]

Any videos about buying foreclosed properties and auctions?

[@GrahamStephan]

I'll do some in the future!

[@AlphaQup1597]

@@GrahamStephan have you?

[@DarleneDeCicco]

Love your videos. You're always so helpful thank you!

[@MaleahsDiary]

I'm in LA this weekend! woo hoo!

[@GrahamStephan]

Enjoy!!

[@davidmayer7030]

Yo I love the videos man been watching for a minute. I’d love if you gave some examples with them tho. Like not knowing the numbers, well how can I find out the numbers? What resources would you look toward? What would you need to learn to understand faithfully you have the right answer?

[@viktoriya2145]

Worst real estate mistake you can make is not subscribing to Graham Stephan...Oh and subscribe to Pewdiepie!

[@NickOloteo]

subscribe to T-Series

[@GrahamStephan]

Oh, and also UNSUBSCRIBE from T-Series

[@iam7204]

@@viktoriya2145 Ali that facts

[@Templarswordxx7]

Damn! Nicely done...

[@einarrattgard4163]

Great video again. I think i will try this out once i get out of school. Next time: please summarize the points you've made during the video. Makes it eazier to remember :)

[@GrahamStephan]

Will do!

[@gregsomebody7247]

A big mistake is not smashing the like button!

[@DarrellColemanShamrock7504]

Thank you for adding in how you eventually pay yourself but by also making a 3 month safety net first. That’s always been a question of mine but no one had answered it before.

[@GrahamStephan]

🙌🏼

[@ufgbaa3192]

graham will you eat my feet?

[@GrahamStephan]

I'm not into cannibalism, sorry

[@techguy3424]

@@GrahamStephan shame, probably wouldn't be half bad with some toe jam lol...

[@paulinlasvegas]

How about home home warranties ? Are there any worth having as a landlord or homeowner ? What are the pros and cons of having one ?

[@kiantabesh2083]

Dammit

[@GrahamStephan]

So close man....so close... *tears slightly

[@kiantabesh2083]

😞

[@mikehuff502]

Please go over investing in options. Or if u have what is the title?

[@faheeta5036]

I don't gently tap like buttons. I smash 'em!

[@GrahamStephan]

THANKS!!

[@kristjantiido3174]

OMGG that house on the thumbnail is in my town, Tartu in Estonia

[@AdamYarris]

Just invest in PewDiePie

[@GrahamStephan]

I'll put about tree fiddy on it

[@techguy3424]

Annnnnd it's gone...

[@sparky3414]

Ok Graham, so My girl wants to help out another girl at her work. The plan is the girl at work is going to get a trailer and rent out a trailer space for a couple hundred a month on the property to see what direction she wants to take in her life and the other camping spots in the area are "scary". So how bad can this go and should I use all the diligence of renting a property while balancing that with helping out a friend at work?

[@frankc3635]

#4. This is why the tenant law in Seattle is completely garbage. They require the first qualified applicant to get the unit.

[@GrahamStephan]

😬

[@joshuawest6050]

Great video, but please “invest” in a better video light for your content moving forward! Check out the Aputure line of lights. You’ll be glad you did!

[@GrahamStephan]

Ok...will check them out!

[@shauntheitguy7347]

Love your videos. Do you have any good videos for new home buyers? Most of the content I've seen caters to renting and investing but I haven't seen much for family homes. With your knowledge base and history in buying/selling homes id imagine you'd have stuff to share

[@Templarswordxx7]

But Graham your videos are too long and you have a different hair cut than me. Disliking and unsubscribing!😠🤮😬

[@GrahamStephan]

IM UNSUBBING SO I CAN SUB TO PEWDIEPIE INSTEAD!!

[@MattBuysHouse]

cool bro..there are alot of investors and retail buyers getting into upside down positions and creating distressed situations.....buying is a bytch........no one is your friend, ..your alone in a maze.....go with a good deal or no deal... trust very little, and verify everything...and assume nothing..

[@GrahamStephan]

i've yet to see anyone get into an upside down situation unless they REALLY overspend...almost everyone now has positive equity in their home.

[@dsinformation6640]

Great information Mr. Stephan. Thanks for the video.

[@GrahamStephan]

Thanks for watching!

[@tomwilson7747]

Thanks for the great video, very informative! Could you please do a video on how to value a property accurately?

[@GrahamStephan]

sure thing!

[@diax14]

Hello Graham, do you recommend saving up for all these setbacks first before putting money aside for investing? Thanks For example, should the correct order be: 1) emergency fund; 2) save up a reserve for some of these mistakes; 3) money for a down payment on a house; 4) then investing in other areas, like funds edit: liked the video, smashed the button

[@xsweetxvampirousx]

Dang. Good stuff to keep in mind. Thanks

[@GrahamStephan]

🙌🏼

[@bourneabeast]

I've watched several of your videos, this one I learned mostly about how much to have in cash reserves, which I admit my amount is low. Would you recommend 4-6 expenses, down payment, closing costs, anything more while factoring in stuff like property manager, fixes, etc? Goal is too move into a quadplex under a FHA loan and rent out the other three units until I can pay too refinance the loan too conventional at 20% to remove the PMI; maybe after like two years.

[@randomizationme]

Can you make a video of how to choose the right Tenant (the process you use)?

[@PURPLE_SHADE_SMOOTHIE]

Your big brain much appreciated !

[@tjames22123]

Thanks, Graham. Wonderful advice. I will try to use it. ;)

[@radhabirbal804]

Once again more knowlege gained from you, heres another like. Thanks

[@GrahamStephan]

Thanks!!

[@SteveAubrey1762]

Another great video Graham! Just wondering, that bad tenant growing pot. Could ou not have just showed up one day to check the water heater and oh BTW you brought a old high school buddy with you that just happens to be a DEA agent?

[@GrahamStephan]

Nope. He had a permit to grow legally in the state of California.

[@SteveAubrey1762]

@@GrahamStephan oh no! Sry about that! Really love the channel! You are one of my daily ' go to ' channels!

[@Bmattvrana]

More engagement for you graham here’s a comment for the algorithm

[@GrahamStephan]

THANKS!

[@jeremiahvalero5056]

Very insightful

[@mentalvacation723]

#7 no you can not use your bit connect money to pay your rent with.

[@GrahamStephan]

:(

[@matthewferguson799]

Graham up you guys! It’s what here.

[@GrahamStephan]

😉

[@Kyler2K]

so much knowledge in 15 minutes 😳