How to Become a Millionaire Through Real Estate by 26 with Graham Stephan | BP Podcast 316

Want to know how to become a millionaire through real estate investing? Of course you do!
Today’s guest did just that-by age 26!
Brandon and David sit down with top-producing real estate agent and investor Graham Stephan as he spills the strategy he used to build massive wealth at such a young age. You won’t want to miss his “fortune formula," including how he adds value to the deals he buys, how he saved money to invest without missing out on life’s experiences, and how he found work he loved to do so he could work hard while still feeling like he was on vacation.
Graham’s passion for real estate carried him to big success through investing, and he shares great advice for using KZbin to grow your brand. He also discusses how skipping college helped make him a millionaire and how he used his grandma to fund his first deal!
Graham touches on why he feels the future of RE is in development, ways to “make, not just find,” deals in today’s market, what to watch out for with Airbnb, and how he bought a house before he even owned a credit card.
DON’T miss this powerful show from someone who made the most of his 20s to set himself up for future success. Download it today!
Check the full show notes here: biggerpockets.com/show316
Check out Graham's KZbin channel for more real estate and financial advice! - / @grahamstephan

[@GrahamStephan]

Thanks so much for having me on, this was such a pleasure to be a part of this! 🙌🏼 Thank you for everything!

[@posesansan]

Graham Stephan I was waiting for that one Bro great

[@natem2367]

What up Graham.

[@AsadAli-gz7zb]

great

[@jakeknopfler5500]

@Stephan My motivation for starting as a realtor in NYC as a side gig was because realtors in general suck I'm so glad that was validated. Answer phone calls, smile, solve problems and be transparent= deals on deals

[@lenoil123]

Been waiting forever for this!

[@MeetKevin]

Meet Graham.

[@billyc916corey7]

When is the Meet Kevin interview airing?!

[@gumerzambrano]

Haha

[@joshuajuly6694]

That would be cool!!!

[@techwatch67]

Get on the podcast please!

[@ciergeluxury7442]

Got finished watching both of you guys 🙌

[@saheho4769]

What?!??!??? Two of my favorite channels coming together again!!! I love it!!!! Meet Kevin must be next?

[@andyl965]

Yeah talk about a strange but exciting crossover

[@nicholasvarro7382]

Grams right about raising rents. I started out renting a room from a friend and his dad owned the condo. After one year he raised the rent from $500-$550. I said ok, that’s fine. (I ALWAYS paid on time and had plenty of money). Another year later his dad said he may raise the rent again. (This of course was without any home improvements). The AC went out twice and on the second time the homeowner had “a friend” come out and take a look at the AC. Almost a week later still without AC I told my roommate that I found I cheaper place to live. He said that his dad won’t raise the rent anymore. I said sorry to late. Moral of the story- don’t raise rents on good tenants! Since then he’s had two dead beat roommates that he had to kick out and lost a few moths rent.

[@marcoh136]

Raise rents on EVERY tenant each year according to rent market and inflation

[@TV-wy1py]

@ Nicolas 🤘🏾 lived in the valley for 4 years and the landlord didn't raise the rent throughout that time. Was very grateful..landlord told me on the day we did walk-through that they were sad I was moving out of state and that they were very fortunate to have a tenant like me...didn't cross my mind that other tenants were a pain to deal with. Will definitely extend the same grace to good tenants I'll have once I buy rentals.

[@thomasbennett7868]

What were the time increments that they kept saying/ doing the raising of the rents? Was it like every year?

[@mikebarnes2294]

What about small, below market increases every year or say every other year?

[@tonydominguez4338]

Rent never goes down lol only up get on the land lord side

[@danieldvs100]

I ain’t gone lie I really love to hear David talk. He always makes something click in your head with his no no nonsense common sense father figure type advice

[@6878ou812]

My wife and I have been watching Mr. Stephan's KZbin channel for several years. We have enjoyed his candidness and continue to learn through inspiration. I have listened to every single B.P. podcasts and own every book, favorite is Set for life. As a long time BP follower, I sincerely appreciate Graham's story told through the powerful BiggerPockets network. Listen, its all about helping(from a practical point) and inspiring peoples dreams. Isn't that what BP was founded upon? Too bad Graham couldn't team up with the money show podcast's. The only way to survive(long term) in this competitive market is to continue to grow and form partnerships. Graham, start doing interviews and write a book.

[@GrahamStephan]

thanks so much!! one day I'd absolutely love to write a book!

[@WhiteBoardFinance]

I'm a fan of Graham's, good guy!

[@GrahamStephan]

WhiteBoard Finance - Stocks & Real Estate thanks so much dude!

[@andymclain2117]

Bitcoin trading is a very lucrative way of making money online now. Why not give it a trial

[@bvlee1974]

I've been waiting for Brandon and David to have Graham on. I've rescheduled a few meetings this morning to watch. LOL

[@Christian_Villanueva]

Such a humble and smart man. He's my idol. Glad to see him on bigger pockets finally!

[@asishbalu9771]

Graham stephan is great! All his videos are thoroughly researched and informative.. great you could have him on the show

[@patrickilboudo3751]

I am so glad you invited him. Way to go Brandon (and Graham)

[@GrahamStephan]

Patrick Ilboudo thanks so much! This was definitely an amazing opportunity!

[@monserrateknable902]

@@GrahamStephan hey Graham!!

[@monserrateknable902]

@@GrahamStephan love your channel!

[@Arkine13]

On the "too young" mentality that a lot of people seem to have. I encouraged my daughter to buy her first home at 20 yrs old, she'll be closing next week. ;) But I see all these people paying incredibly high rents and, even though I want to get into rentals, sometimes they aren't a good deal. She was paying $550 a month, plus electricity, which I believe was around $70. Anyhow, her new payment is $350. Obviously, she'll have all the utilities, insurance and taxes, but those total about $250 a month. So for $600 a month, she now owes a home which is building her credit, giving her equity and allowing her to take some tax deductions. Plus, she has a long term room mate moving in that will be paying about $300 rent. And, if she ends up moving for additional college courses (she's almost done with her Assoc.), then she can either keep renting the house out to her current room mate or find another renter and be making a little money on the side. I think it was a damn good investment, and I wish people would stop telling young adults that they can't or shouldn't purchase property. I'm not sure why that mentality started, but I think it's always been bad advice.

[@jgtv6269]

Arkine13 thats awesome that you got her started young! What area you guys in?

[@Arkine13]

@@jgtv6269 Southern Colorado.

[@shelleygreyrealtor]

That's awesome! My dad was the same. If she hasn't already told you how amazing you are, trust me...her friends will.

[@forrealtyler]

How did she purchase the home? Mortgage or Cash

[@austinkanode3099]

GRAHAM! Awesome! Thanks guys for having this podcast!

[@EmilioMendiolaJr]

I was listening to this on Spotify and I literally had biggest smile on my face when I realized Graham was on the show! My favorite real estate peeps together

[@montoyaathleteperformance]

I was wondering when this episode was going to happen... i follow both pages and have been waiting for this episode!

[@financialifehacks]

Really liked this podcast episode. Big fan of Graham, and he offers some great perspective. Loved hearing his story.

[@LouCou-]

Great words of wisdom from Graham Stephan👏👏👏 One of my models🤩 Please bring Kris Krohn on the show too. 🙏🏻🙏🏻🙏🏻

[@ethanperry1008]

Great video! Graham proves that it is possible to become wealthy at a young age.

[@shanilevi2690]

Just listened to this on Apple podcasts, so much useful information! Thank you so much for putting this together!

[@Planetgreenzen]

Powerful cast, thanks BP. I've been subscribed to Grahams channel for a while now

[@laurencehaccour9876]

About damn time Graham showed up!👌

[@TheAaronThorne]

Graham has some of the most useful real estate knowledge on youtube. I'm so glad we could get two awesome real estate dudes in one podcast together! 😀

[@GrahamStephan]

Laurence Haccour 🙌🏼

[@kenyalank]

I must be doing something right!I found HIM (this year 2021) before I found this podcast! Its great to hear his backstory and to see he had linked up with Bigger Pockets!

[@drakemiller4676]

This is the collab I have been waiting on! 2 great channels.

[@jimmyjames1614]

So happy you did this podcast!!!!! Definitely the best so far!

[@mariooscott]

Two of my favorites on one show

[@mkelly1118]

Outstanding. Thanks for posting!

[@itzbebop]

I saw Graham.....Smashed the like button

[@mohatugm4953]

yay bigger pockets! love you guys! keep it up!

[@koryfan]

*"dislike. unsub"* (for insiders) P.S. *Awesome interview. *

[@danieldvs100]

koryfan I’m lmao

[@ITSMEEBOSSLADY]

Shout out to the snowflakes lol 🤣❄ #demonetized 😉

[@cloroxbleach6673]

for me this was like watching the Avengers assemble for the first time

[@nickmullens8907]

Been waiting for this!!!

[@danielvergara9158]

Great guy. Keep it this good bp this podcast is amazing, I am learning so much from you guys.

[@OmahaTonyG]

This is awesome!!! I have been one of Grahams subscribers for a while now.

[@SCREOgroup]

Working in San Bernardino I understand Where Graham is coming from.. Great interview !!!

[@WorldPrestige]

one of the best interviews 🖒🖒🖒

[@ChrisWinter]

Huge fan of Graham, his channel has come on in leaps and bounds lately and is super impressive for his age. Great choice having him on!

[@gabriellopez9387]

Very good advice ,I am 21 years old and really motivated.Thank you for great motivation!!!!

[@ciergeluxury7442]

Great episode and really appreciate your knowledge Graham. Been watching you for about 6 months now

[@29subhra]

Graham you are awesome!

[@gelorustia9452]

Whats up you guys, it's Graham here!😂

[@dainheald4677]

Thank you guys so so very much for all you guys do on this channel and what a wonderful guest you guys had on. After doing some research on a few homes I went out with the MLS sheet and county records and found alot of errors to include lot size and old Google photos where used to represent the property vs what it looks like today!! Thank you guys for putting out such a vast wealth of information.

[@TheAgameSags]

Graham!! Smash the like button :)

[@GrahamStephan]

AGame Sags And buy avocado toast!

[@enigma6451]

@@GrahamStephan lol... I did kick the like button for you.

[@daisyreyes3450]

LOVE GRAHAM❣️ great interview!!!

[@trevormcminn9467]

When your two favorite channels combine, great day!

[@aquaestate6241]

literally my 2 favorite channels of real estate in 1 wow

[@thomaslynch9858]

If real estate is too high in price maybe there will be opportunities to buy avocado farms and grain mills soon??

[@sheilag9345]

Excellent I enjoyed this !

[@BecomingTheMogul]

GRAHAM! You were RIGHT on point with your Airbnb prediction!

[@LivinginBirminghamAlabama]

Graham is amazing, really enjoyed your content

[@jonclare4819]

Whhhhaaaaatttt!!!! Graham on bigger pockets!! Love both u guys thank you for the information fellas

[@MrChrisRenz]

Want to be a millionaire? Invest in avocado toast.

[@ayoungdev1793]

I was wondering when the two biggest channels on Real Estate would link up. Awesome vid guys

[@ReiSodaSteven]

My two favorite youtube channels in one video!

[@witty401son]

1:03:53 I’d love to hear more about equity and debt

[@Keephopealive2013]

Fantastic @GrahamStephan. Great interview guys. Full of value. BTW Found BP the 1st time viia Graham's channel. Keep up the good work

[@The_Woof_Pack]

Same for me!

[@matimartinez5098]

You guys rock!

[@myrtlebeachspinecenterpa5501]

This was a great one gents!

[@ohhRobs]

Straight 🔥🔥

[@JimmyHuynhdesign]

Hell ya Graham is the man!

[@evertonreid5720]

This Channel is so amazing. Always get fresh idea's.

[@dsinformation6640]

Thanks

[@DavidTsangSF]

good stuff!

[@selinabanda8789]

Smart, thank you

[@jasonphillips1382]

For the millionaire formula. I’d add in the last step to invest in assets you understand, that cash flow, and that are add value. Combined knowledge of Paul Morris and Graham’s!!

[@mira2987]

Shout out to Graham

[@danielfabian7259]

Incredible interview graham! Thanks for the content BiggerPockets. Can you guys interview Ben Mallah?

[@GrahamStephan]

Thanks so much! And I totally agree about Ben!

[@MMontana4]

@@GrahamStephan agreed! Get Ben!

[@witty401son]

40:01 exactly what I was thinking before you said that!

[@CookingwithMsvee]

Please bring Jay Morrison ( mr Real Estate) another great agent doing fantastic. I’m following those two agents as an agent myself.

[@jeanlenor1858]

I have to correct you on that one Brandon 35:30.. The millionaire formula is working hard doing something you love? No, that's not true at all. And no, David didn't love being a cop. He hated it. That's why when he got enough cash in real estate, he quit. Now, he s still working 9-5 being a real estate agent. He didn't go back to being a cop. Its fair to say that he enjoys being a real estate agent. You can definitely do something you hate if it will get you to your goal. I hate being a uber driving but I still get up and drive because no one will hire me since I travel a lot working on my real estate business. In less than 1 year, my 8 unit building will be rent ready and I will immediately quit uber. No, you don't have to love what you do. Do it anyway to get to your real goal!

[@lizthefitnesswiz9558]

Anyone else notice the bromance with Brandon and graham? Love it lol

[@lilmissunshine83]

Yes I am working so hard to make sure that my daughter understands the value of investing and putting her money to use. Money is to make you money.

[@techwatch67]

Best podcast i've seen!

[@GrahamStephan]

thanks for watching!

[@leipzigescobar4085]

Thank you so much for sharing. I love the 10 year suggestion to build for a successful future. Sharing all of the knowledge you have acquired will definitely be the start of the next conversation with teenage children. Coming from what's considered an "oppressive system", I find it disturbing that financial well being is not a priority in the US....it literally produces a mental brake down.😢...and college does not teach everything😭 For the other listeners PLEASE MAKE SURE TO ROLL OVER FOR 401K DO NOT HAVE THE CHECK PAYABLE TO YOURSELF. INSTEAD IT NEEDS TO BE PAYABLE TO THE ROTH IRA ACCOUNT YOU NEED TO CREATE TO INVEST IN REAL ESTATE😀...learned the hard way when almost half of it was been wiped out by tax fees😱

[@jgtv6269]

Leipzig Escobar thank u i rolled myne over and definitely had to google how to do it to avoid all taxes 😀 i went with vanguard who did u use?

[@joemomma4652]

I’m 15 and I’m doing horrible in school , and I’m just so attracted to real estate . and pod cast are just so addicting to watch . Hopefully I’ll be as successful as you guys !

[@TheSyriosBrothers]

Getting those big hitters. Nice!

[@earntheweekend3731]

Two of the very best investment channels having an hour plus long conversation about my favourite asset class. Oh go on then

[@shaktirathod8031]

Awesome 👍

[@dionmcneeley7859]

This works at pretty much any age. Spend less than you make. Stop buying liabilities and buy assets. If you make a lot FIRE is possible faster. If you make less it just takes longer. If you never start it never happens. These two channels and Rich Dad Poor Dad allowed me to do it as a single parent with three kids.

[@justinhosea1458]

“ We called it homesteading” 😂

[@jimpeppers7230]

Dig the Graham Stephen interview.

[@MikeDSchnell]

Great episode - gonna try the incorrect listing search

[@GrahamStephan]

absolutely utilize that, it's worked wonders for me!

[@repyyc]

Love the podcast! We'd love to be on an episode in the future!

[@marsalis7176]

Good show I watch both shows daily

[@7TrainMedia]

Great insight. Hard work pays off #noburningman

[@paphaju1]

Thanks for that, I can really relate. I believe I am just before an eviction, tenant is behund 1 month rent, secury deposite gone. At least good to know that not I am the only fool who did this mistakes. Next tenant intrview going to be way more seroius.

[@DudeRealEstate]

Oh man, I made that same mistake when finding a tenant..."Yeah, we need to move in in like 5 minutes...here's a pile of cash."

[@guzman9011]

Nobody talks about how their debt to income is able to support all these houses. They are just able to buy 15-30 houses in a few years, no big deal

[@brianjordan1819]

ItsInTheDetails DTI ratio is mentioned in numerous podcasts. Rental income is included on your income portion of the DTI. Usually you have to have a year of rental income documented for the underwriter on your next loan, but once you are established as a landlord you just have to have good numbers.

[@dexterlove5420]

Great work guys. One of the best podcast.

[@propertyinvestorpodcast5253]

Thanks for commenting I we refer you to trade analyst and accountant for more and other crypto investment

[@propertyinvestorpodcast5253]

Manager write Manager regarding making millions in B..T..C .. + Wha ~ ts ~ Ap.1

[@princessdiana2737]

2nd time listening to this podcast🤤🤤 sooo goood

[@mitchell.9632]

Graham getting public interviews done.

[@MrPhildo64]

Now get Meetkevin on!

[@xplorojoe2396]

Learned so much from this video, love all of the information and enthusiasm for this market! But the thing i was able to action IMMEDIATELY mid video … i went to subway lol

[@jessicam2056]

My two favorite mentors in one place.

[@sairamesh5521]

The most ambitious crossover event in history

[@D1R7Y54N32]

I smashed the like button!

[@dawnburwell4876]

What’s the video on how to read people ? Y’all should have a link up there

[@512byoung]

@36:23 preach

[@tubbycustard8866]

1:06:45 umm what was that, why was Graham cut off

[@jordanpage176]

This guy is the shit! Stoked to see him on the BP Pod

[@GrahamStephan]

Jordan Page ah thanks man!

[@thankfulblessed3774]

“I went to Subway before going into the $80 a plate restaurant” 😂😂🤣 so true...lots of people don’t realize how much money is wasted on food & stuff they don’t need!!