How To Buy Your First Rental Property (Step by Step)

[@GrahamStephan]

Here’s a list of the other videos that explain the process a little further that pertain to this video - enjoy!: How to save for a house: kzbin.info/www/bejne/p6q0gKJ5osagf80 How to build your credit: kzbin.info/www/bejne/q5zEiHSgnNB7b68 How to find a good deal: kzbin.info/www/bejne/b5-rdYdrjbFngbs Three ways to make money owning real estate and cash flow: kzbin.info/www/bejne/nmnaf4iXd8yNis0 Mortgage Calculator: www.MortgageCalculator.org Most profitable renovations: kzbin.info/www/bejne/oYiaZ5-fmt2ieLs Biggest Renovation Mistakes: kzbin.info/www/bejne/iqDJZnqDeZWUocU Hidden escrow costs: kzbin.info/www/bejne/mX-an2ateJ6Yd7M How to screen a tenant: kzbin.info/www/bejne/noSbnXyor6qqrJI The Best Real Estate Tax Write Offs: kzbin.info/www/bejne/qX3EqGxnd8aUr5I Why I don’t flip real estate: kzbin.info/www/bejne/i5mUZp6bgqednJo The 5 Golden real estate investing tips: kzbin.info/www/bejne/a2jXpWCCYr2VoJo

[@jorgecumi2148]

Graham Stephan $ 600.00 cash flow,

[@SuperTron10]

I appreciate the value that you provide in your videos. Thanks for the quality info. Liked and Subscribed.

[@leerichmond1459]

Graham Stephan do not buy a house now!!!!!!!

[@YTBaldrick]

Graham thank you for this video, these are really great tips. I appreciate what you offer. You are definitely giving more than what you get.

[@sirishgi2597]

Wow!! The whole video has a lot of in-depth analysis on buying real estate. You really must love doing these videos man .. awesome

[@hebwowvwhossow7829]

I’m 13 but I like watching these vids to give me a good idea for when I become older

[@skyblue9991]

Good idea! Stay on it!

[@urszulam.4592]

start saving now for your down payment :) ... and do not buy an expensive car unless it will be paying for itself

[@harshbhatt9611]

Same here man

[@thesoundvault508]

Omar Choudhury just start saving money. I’m 25 and fucked up by buying Versace glasses and suits 🤦‍♂️ Just save as much as you can. Chances are in 3-5 years most things you buy won’t matter anymore 👌

[@thesoundvault508]

Also, don’t buy awesome cars right away. A 15K Maserati sounds great, but then that 3K in annual servicing is fucking horrible 😂

[@Hannahbenowitz]

I bought a house in 2021. The insurance and property taxes have doubled since then, and now costs more than I ever paid in rent in my life. I feel that I would be better off living in a studio apartment in a warehouse again and investing the money in anything else.

[@HildaBennet]

i advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now

[@FinnBraylon]

You are right! I've diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@bartlyAD]

Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

[@FinnBraylon]

The fiduciary that guides me is Rebecca Noblett Roberts, most likely the internet is where to find her basic info, just search her name. She's established.

[@bartlyAD]

Thank you for this. I'm need for proper quidance, found her webpage and dropped her message already.

[@damianpokoj1065]

Finally someone who's telling like it is - be patient, save, build your credit - not trying to sell us "secret" formula that only chosen few know.... Thank you for being real.

[@vince9080h]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[@henryallard245]

The strategies are quite rigorous for the regular-Joe. ;As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off

[@MarshalWagner457]

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth;.. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@AshleySommerset808]

How can I participate in this;? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success,?

[@MarshalWagner457]

I work with Sonya Lee Mitchell who is a licensed,, fiduciary. Just look up the name. All the information you need to work with a letter to set up an appointment is included.

[@AshleySommerset808]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website,; thank you for sharing.

[@w_hunter2461]

9:44 thats the brady bunch house.

[@adammcallister8120]

This guy tells it like it is. No gimmicks or ploys, I really love that! Thanks for sharing your wealth of knowledge Graham.

[@GrahamStephan]

Thank you so much Adam!

[@therealJET00]

Adam McAllister true he’s been like this since Day 1. No BS 👍🏼

[@BenRhone]

Adam McAllister is it wealth of knowledge or knowledge of wealth

[@isaacsoto8119]

Yeah seriously. As a kid close to graduating with a decent paying degree, I now have a plan to retire in the future.

[@AngeloChristianMortgage]

Yes very good video.

[@Alex-wx8be]

How about a tutorial about the process of renting it out? Like How long it takes to get a tenant? Turnover from a tenant?

[@AussieMoneyMan]

I back this

[@abdel2732]

Those who in favour of this comment say I I

[@tommymitchgaming6466]

Amen to that

[@Suge212]

Depends on the AREA you are in and how desperate you are to get a tenant. It is EASY to get tenants if you want crappy ones that will make your life hell. Most people are way to eager to get their first property rented, that they don't do proper background checks on potential tenants. One bad tenants can take 3-9 months to evict and cost you ALL those months in lost rent/lawyer fees should they decide not to pay. You'll likely never get that money back and in many places, the state/province favours the tenant over the landlord. There are "career tenants" out there who literally live for free by screwing landlords. They bounce from house to house, perpetually going through the eviction process while living for free. Bottom line is, don't buy a property you can't afford to hold without tenants on your first property. Also have a bit of fluff money in the event things break in the house. Unless you are buying a brand new house, I can guarantee you that you will be fixing showers, toilets, sinks, appliances, roofs etc. It can be a real pain in the ass. If a tenant is late on rent, you need to immediately give them written notice to pay. Don't listen to their sob stories and "I need more time" crap. You are running a business, not a homeless shelter. If after 1 week they don't pay, I would start eviction proceedings with the courts and if you are lucky, they will be gone in 3 months. If the tenant is a career tenant and knows what they are doing, depending on where you are, you will get screwed royally. Again, it can take up to 9 months to get rid of them. Oh and don't ever rent to friends or family. To scare away bad tenants, in your rental ads I would ask for the following: 1.) Place of work and employer reference 2.) Proof of income 3.) Previous place of residence and why they left 4.) The name and phone number of their previous landlord 5.) Be able to provide first and last months rent as well as a damage deposit. Some places don't allow landlords to ask for a damage deposit. A tenant who wont provide you with that information is a bad tenant 9 times out of 10. If they can't give you an employer reference, they probably don't have a job. If they can't provide proof of income, then they probably don't have a good income. If they wont provide the name and number of their previous landlord, they probably left on bad terms. If they can't provide first/last months rent, they can't afford to rent from you period. No tenant is better than a bad tenant. Once you have selected your GOOD tenant, you need a tenancy agreement. Look up samples of those online. You will also want renters insurance. Talk to you bank. You should then make a checklist (part of your tenancy agreement) which outlines the condition of the house and every item in it and their condition. You take your tenant through the house and have them initial beside every item on that list, stating that the condition is good and in working order. This is how you can nail them for damages to your property and not be liable yourself. Certain things you will still need to pay for, like if the sink starts leaking or the toilet malfunctions. But if holes appear in the walls and stains in the carpets etc. You can get them for those. Also determine the length of the tenancy. Is it going to be week to week? Month to month? 3 months? 6 months? 1 year? Research this and determine which would be best for you individual situation. Buying a multiplex that you can afford without the need of tenants and LIVING there, is the best way to go about it in my opinion. That way it is simply a bonus if you have good tenants. Once you expand your portfolio to a larger degree, I would defiantly hire property managers to look after your units for you so that you can focus on building your portfolio, rather than dealing with tenants and their problems. It is always a good idea to set a side a portion of your cash flow from each unit, to be used for repairs.

[@CertifiedZoologist]

@@Suge212 Thank you so much for writing that out. That has honestly helped me a lot and was very informative. You are the man suge.

[@bestgirlie09]

Graham, thank you for shedding light on this issue please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2007 and Aug.2008, but the market is different now

[@hobbs252]

With the inflation, the stock isn't going to be raking in huge gains. It wouldn't be a bad time to BUY it, just don't expect big gains from it for a while. I'll buy once things start looking up in all those trouble areas..until then, too much turbulence for me.

[@AmandaMichelle.]

I'm sure the idea of a portfolio-managers might sound controversial to a few, but a new study by investopedia found out that demand for Portfolio-Managers sky-rocketed by over 41.8 percent since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've raised over $400k within 18months from an initially stagnant portfolio worth of 150K which was devoid of dividend stocks. These are the high-volume traders.

[@kozovski6628]

@@AmandaMichelle. That’s really Impressive! do you mind sharing more info about this coach?

[@AmandaMichelle.]

@@kozovski6628 "Alysa Rebecca Reinoehl'' is my manager, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly.

[@Green-ed7wq]

I just looked up Alysa Rebecca Reinoehl online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.

[@fbarneda]

13:00 -- Total Cost: $2600 -- Rented for: $3200 Where do you see the $800 Cashflow? I can see $600.

[@joshn2342323]

You clean out the couch once a month. Renters usually lose like $200 in change in the couch per month.

[@CrapImGud]

I think he deducted vacancy, but that doesn't make much sense, given that he was accounting for it over time, even when he has tenants. Probably a math error.

[@UnkindPenguin71]

Guy cant catch a 25% error and expects us to trust his expertise lmao.

[@tonya3570]

@@joshn2342323 ?

[@cjtabares86]

@@CrapImGud I would suggest deducting for vacancy, you are looking for a monthly average positive income. If you are not figuring for vacancy it could turn a property that looks like it has a positive cash flow to a property you lose money on.

[@JeanEstevez]

Numbers are wrong 2600 on mortgage and 3200 for rent is only 600 cash flow

[@nickb408]

Yeaaaaah, I’m pretty sad this comment isn’t higher. Not that the videos bad, just numbers were scuffed here ;p

[@brianj5271]

Lol ok but what happens after the house is payed off...

[@Omgjosh925]

Not even. With a 2600 mortgage if you put 20% down your home is worth about $650,000. So after property tax (6500/year) and insurance costs. You have negative cash flow

[@Omgjosh925]

Nvm I just got to the part you were talking about, that’s his total expenses not mortgage. $600 cashflow isn’t bad on something like that

[@dillonh321]

@@Omgjosh925 Property tax for a 650k home is only 1k in taxes in my state.

[@jacobswarthout4012]

Hi Graham, just wanted to know where you calculated your numbers at 12:49. Your cash flow, to me, should be $600 every month (amount renter will pay minus the expenses accrued each month) and the cash on cash return would thus be $600/$80,000 (which was the initial downpayment). Just checking my understanding. Thanks for your content!

[@yanifel258]

^^^^^%

[@justingaw5879]

Plus $150 since it is not vacant. So probably he rounded it up from $750.

[@ezequielbaez8500]

@@justingaw5879 the 150 for vacancy was in the 2600 so wouldn't the total cost have been 2450 if what you say is taken into account. Maybe he just made a small mistake

[@mathews2774]

Yeah I think he made a mistake

[@OliverTilney]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@KimberlyWillowWood]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@LeslieWagenheim]

@@KimberlyWillowWood You need a CFA that can talk you through . I use Cynthia . There are other good ones also .

[@LeslieWagenheim]

Cynthia Alexandra Jackson, who also goes by Cynthia A Depken, Cynthia Alexandra Depken, Cynthia A Jackson, Cynthia Alexandra mcClure, is a registered financial advisor currently at U.S. BANCORP INVESTMENTS, INC. located in Charlotte, North Carolina.

[@AnnBurrow-vb8tt]

Focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor. Cynthia Mcclure Alexander is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@AnnBurrow-vb8tt]

Focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor. Cynthia Mcclure Alexander is the licensed fiduciary I use.

[@abacab87]

Guys like this never buy Lambos. They'd rather have another rental house.

[@nicholasclinesmith1490]

@@notanexpert3967 It is great that way you can build it the way you want!

[@yo18momas]

Trump 2020 how much does all of that run u? Sounds expensive af

[@kewan2045]

Trump 2020 Plenty of reputable builders. Comes down to cash. I’d rather finance and build slower. Not interested in doubles everyday for 3 years

[@phuongtruong100]

Only if it’s cash flow

[@rickyny78]

No, just a Lotus Elise. :)

[@teri2976]

Im 12 years old looking at theese videos bc i want a better future in my life and its best to start knowing theese stuff

[@tarnish1431]

Matte black for sure! Thank you for some inspiration I’m 25 and I feel like I’m about to open the doors to the rest of my life. Thank you.

[@platypus2899]

I'm in the process of watching all your videos, hoping I can someday become financially independent. Even though I'm paid well as a doctor, I bust my butt at work and I am tired of it. I can't imagine doing this day in and day out for 30 years, dependent on a paycheck from my employer. Thank you for all the useful information. You are an inspiration. You are my hero!

[@youngserg19]

Graham!! I've been following your channel on KZbin for just about 2-3 months!! I closed yesterday on my first rental, Four house property!! You'd be proud, my man!! Everything you mentioned on this video is what I went through!! Thank you for your work!!

[@partyworks3136]

XIX Express that’s actually amazing !! Congratulations

[@youngserg19]

Thank you!! I started on renovations today!! Definitely a life changer!!

[@youngserg19]

@@DoomFinger511 a property with 4 houses in it!! Strictly search for multi-family homes and see what's offered in the area.

[@youngserg19]

@@DoomFinger511 yes! That's the way to house-hack for beginners! I'm an hour Southeast of Houston, TX. Also, research FHA loans! That'll give you a great boost with a lower down payment! And you can use FHA to up to a 5 unit property!

[@youngserg19]

@Nawal Ahmed yes! 3 of the 4 are renting out. Im currently working on renovating and renting out the 4th and on to the next. Unfortunately, these people are paying minimal for rent. So I'm working on an increase, or having them vacate soon. Its tough but it must be done.

[@Guilty_Neverland]

I don't know what kinda contractors you hired, but if they are taking too much time in one site it is usually because they are paid by the hour. If you hired someone who gives you a set price with room to charge more or less at the end depending on the situation usually you don't have to worry about time because they finish the job faster and just as good. So they can go to the next project and continue their grind.

[@ryanr9792]

Yee

[@tylersmith293]

No.

[@conlawmeateater8792]

Yes flat rates are better than hourly rates.

[@sfraschetti7376]

I just recently saw this video as I'm currently learning about real estate. Probably one of those most informative and best real estate videos I have ever watched!

[@itstieirramarie6287]

Hi I have off market deals

[@lildudat]

I love the step by step. I think people first coming in to buying often don't know where to start or how to move forward. A simple, broken down step by step that goes start to finish is incredibly helpful.

[@kitfoxjacob]

Best real estate video I've seen so far. Thanks! Also, thank you for the "sub-stepped" detailed videos! You, sir, are a gentleman and a scholar.

[@Pandorash8]

This advice is absolutely perfect!! My late husband and I made the bulk of our net worth (approx US$1.95m at 35) from real estate flipping and rentals and we follow everything you’ve said 👍🏻

[@sef_savage9458]

Seriously? Everything he says works? Where do you live

[@Pandorash8]

@@sef_savage9458 you don’t agree with his advice? I live in a major city on the east coast of Australia.

[@acc6310]

@@Pandorash8 how do you make 1.95m if rent cash flow is like 900?do you make most of your money from selling?

[@Pandorash8]

@@acc6310 that’s my net worth (value of assets minus liabilities such as debt). It’s not what I earn. So, that figure is primarily made up of equity in my properties.

[@acc6310]

@@Pandorash8 that makes sense how long have you been investing in real estate? If you don’t mind me asking

[@erikacristina9567]

Great video. I watch several youtube videos on how to trade in the market but haven’t made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own handswil

[@tishadin752]

The best strategy to use in trading is to trade with a personal trader that understands the market very well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current account manager with Rocketta and the bot strategies are working

[@JamesRandle5]

I'm amazed you mentioned Katrina susan, she is the best and the bot strategies works like magic. I've been making over 100% of my investment monthly since I started using Rocketta, the trading is quiet marvellous

[@Joelgarcia47]

This is not the first time i am hearing of katrina susan and Rocketta exploits, how she handles trading and generates good profits, Rocketta has really made a good name for itself, but i have no idea how to reach her to assist me

[@tishadin752]

You can reach her through TELEGRAM

[@tishadin752]

Katrinasusan is the name to look for

[@danielhyeonlee218]

I love how all the comments are about the math while you’re providing so much value. Thank you 🙏

[@AKASERIAL1]

This is probably the best video I have ever watched

[@GrahamStephan]

Thanks so much!!

[@OfficialMikePerry]

Hey Mr. Stephan! I just want to thank you for inspiring me to get into real-estate. I'm currently 17 going into my senior year and have started saving for my first rental property. I wish more people saw your videos so they could learn not just how to do real-estate investments but general money management skills. You have a lot of wisdom that could benefit most people.

[@willn8664]

This is what should be taught in school.

[@collincreeden2862]

@@willn8664 if it was taught in highschool, everyone would be buying rental properties and no one would be renting...

[@wilmercastillo5968]

Thank you so much Graham for all you do. I watched this back in high school before college to get some general info and i’m finally making the money to afford my first rental property. My credit is amazing thanks to your advice and I just need to wait a few more months to have enough income history to approve for a housing loan

[@nolant1637]

Love how your stuff has no gimmicks. Keep up the good content!

[@jjbuckner]

Perfect timing. In the process of buying my first rental in the KC area. Thanks Graham!

[@GrahamStephan]

Good luck man!

[@geno816]

Showing a little kc love. I'm trying to do the same. Not sure if I will buy on ks or mo side

[@jjbuckner]

geno816 KC! I’m staying on the MO side bc from what I heard MO is a more landlord friendly state than KS.

[@geno816]

@@jjbuckner ahhh. Didn't know that. Thank you for the info. I'm a missouri boy too.

[@jjbuckner]

geno816 don’t quote me on that exactly but I’m pretty sure I remember researching that awhile back. MO represent!

[@mikefieselman]

Appreciate everything you’re doing for the public, i hope you understand the importance and impact this information is for the people. Just another reason why the internet is an unbelievable source of “how to life”. Thanks so much, i’ll be starting my real estate career in January, and you WILL have 1 extra view on every video lol

[@GrahamStephan]

Ah thank you so much man!

[@thesportsguruu]

As one who has been into Real Estates for a long time, I'd suggest you don't go into this at his time. Find other lucrative investments, the market is in a very bad place right now

[@archiemcdougald5466]

what other lucrative options are out there? everything is crumbling at the same time

[@lebronj5491]

​@@archiemcdougald5466 Sorry to jump in, but there a lot; gold, stocks, stable businesses etc. I know this cos I too have been into housing but recently made my first million earlier in the year from stocks and bonds which I have used to set up and put into the other things. The only downside is volatility is easily remedied by using a professional or making very thorough inquiries. Good luck.

[@Mrcarlson_E]

@@lebronj5491 Interesting... I have been considering going into something productive with no knowledge of how to go about it... stocks seem nice enough though I have no idea how it works...You mentioned using pros, if its not a problem, do you mind telling if you used one or recommending a good one? I could definitely use the help of one right now... thanks...

[@jakethompson8737]

fr man. the market is a no fly zone right now

[@lebronj5491]

@@Mrcarlson_E I can relate, it's always harder to start. For the professional, yeah, I used one cos I'm not so knowledgeable in the field and I battle with time constraints. I'm not really sure I'm permitted to go into details here, but mine is Adam Abraham Keith, and you could look him up yourself.

[@BeastmodeJones316]

ima get my first one in March..u got me motivated man

[@GrahamStephan]

Thanks man! Congratulations on your daughter!! Definitely gotta link up soon!

[@cashfromclutter3148]

Chrissss jonessss

[@Thisnamewillwork213]

Aye daddy jones over here!!

[@MurdaPhil]

bruno needs them treats man

[@ChrisClark_808]

Rentals for the genitals. beast mode!

[@SHADOW2FLOW]

I took my break at work earlier today just to watch this video. 100% worth it.

[@GrahamStephan]

Thank you!!

[@kevinhuertero5346]

Literally perfect timing, I’m 20 years old and look up to you man. Looking into my first rental property now, I’m in collage but I’ll watch this the min I get home, your awesome.

[@GrahamStephan]

Ah thanks Kevin, glad it's helpful!

[@NMEofdaST8]

I'm in college right now aswell turning 20 soon what are you majoring in?

[@kevinhuertero5346]

NMEofdaST8 Business, but I don’t think I’ll use the degree only gain knowledge and networking with people. I’m also in the military, so I saw no loss completing collage since the military is paying me to go.

[@NMEofdaST8]

@@kevinhuertero5346 that's perfect I'm thinking about joining the military myself what branch are you in?

[@kevinhuertero5346]

NMEofdaST8 I’m in the National Guard witch is part time military but brings full tuition to all state schools! As well as other great benefits! The reason I chose that branch is because I trusted myself to fully succeed more in the civilian world, and thought it was the best choice to fund my own personal goals in life.

[@ZacharyBuhler]

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.

[@seeyditti]

That channel was short lived. lol.

[@jeffg6924]

I once owned a trailer park, toilets went missing after nearly every tenant. Who steals a frigg'in toilet?

[@BenitoFan760]

Lol. Ive seen people even steal the house cabling....

[@jajupa78]

That's easy tenants in a trailer park, duh. Yw..

[@merricat3025]

I went to a thrift store and there was a sign in the bathroom not to steal the toilet paper and if they needed to ask them about it. I thought it was funny and I asked the lady who's the owner about it. She said she went to the bathroom and all the toilet paper was gone and she just put it in there. That's why she put up the sign

[@bludia29]

🤣😄 good question.

[@bludia29]

@@merricat3025 shytt gets real no pun intended

[@ebeyslough]

Do you have a LLC for your properties or were they purchased and managed as an individual?

[@sigmazeta8]

I. Love. These. Step. By. Step. Videos. I finally have my credit score above 700, can't wait to move on to the next step.

[@GrahamStephan]

Thanks so much!! 🙌🏼

[@teama224]

Man this is so good, wish I watched this when it was posted, each minute is gold.

[@PrestonHass]

It's amazing that Graham offers his financial knowledge to the public. Without him i would never have been interested in real estate investing, credit cards, and Lotus's. ;), Appreciate it Graham.

[@GrahamStephan]

You got it man! You mean real estate investing, DEBT*, and lotus’s ;)

[@stevew3167]

Same here

[@necromancer6405]

What is the grammar rule for emojis?

[@techguy3424]

I made the mistake of sitting in a lotus once and almost couldn't get out. There's no dignified way to get out of one if you're tall.

[@TruongNguyen-bl4vd]

College student with pennies in pocket watching this instead of studying for my biochem exam. Also liked and commented it for the algorithm lol

[@rijalfactory1379]

This shits gonna save ur life

[@kevinpineda3081]

Mitochondria makes you no money my dear college Student friend

[@TruongNguyen-bl4vd]

@thespiritbomb easiest A lol

[@ronaldmcdonald9322]

drop out while you still can!

[@TruongNguyen-bl4vd]

@@ronaldmcdonald9322 Only one year left, i'm already too far in to drop out T_T

[@stephenmac23]

I feel like I’ve watched this 100 times , but still keep coming back to learn

[@cammedmotorsports7629]

You nailed it on this one. Very good advice. I rented two properties for about 10 years and sold them last year since I was moving out of province and going to repeat it soon

[@cammedmotorsports7629]

@@nathanballance2347 I know living in Windsor Ontario for years that the city is going downhill with drugs and homelessness and had enough of all the bullshit from tenants and figure I would get a break from it since I did absolutely everything from buying the properties from being in foreclosure and basically been boarded up houses to 100% finished when I sold them.

[@riqueesco]

Showing this video to my son the day he’s born

[@scarface3445]

Send some fresh stuff here

[@RelearnMath]

“If it’s breakable it’s going to break”- Murphy’s law

[@GrahamStephan]

So true!

[@aestheticbeatz5700]

Lol yup

[@ipoddrake]

Step 6: i used to work in construction what you said about price and time line of projects it 100% accurate, i dont think i ever worked on a site where we hit the first deadline

[@Itzayanae]

Thank God for videos like this 🥺 and people like you! I’m self educating as much as I can before I go out and take action. A little scared, wish me luck and pray for me!!

[@vespirbelmont3131]

In terms of going the cheaper but nice looking option for the property. Some people likely see this as cheap but me and my fiancée did some renovations at our last place and the cheaper options were cheaper but were cost effective and looked really nice. People would compliment it and people rarely would even know the difference. We had laminated "hardwood" floors, our furniture was mostly main brand design knock off assemble yourself furniture, our brick wall was just "3D" wallpaper. But, it worked really well, sometimes cheaper doesn't mean bad often it doesn't mean bad which was a life lesson.

[@makennapercy6515]

Answer to life: "Just KZbin it." -Graham Stephan

[@GrahamStephan]

Haha

[@jazzy8766]

It’s good advice lol

[@k2effects455]

That a millennial for you ! 😂

[@aldo8655]

It's true though

[@ToxicLadybug]

As a loan officer I talk to people all day who tell me their score based off credit karma and it’s usually like 40 points off than what they told me after I run their score. Side note the credit bureau recognizes that people have to shop for a mortgage it will only ding your score for the first 14 days and as long as it’s with other lenders it won’t affect it twice

[@legocity7383]

Me and wife did invest in real estate in Russia for 10 years already and it would be much easier if we will see this video before start )) Very to the point and absolutely right in every issue!

[@neilgeorge6483]

Graham finally buys his lambo when he gets sponsored by creditkarma or vanguard

[@GrahamStephan]

That would be the dream, man...no more weird sketchy fly-by-night companies hitting me up for sponsored videos that i'll never do. Give me Vanguard or CreditKarma any day.

[@MarceBautismo]

@@GrahamStephan Credit Karma green, with a GIGANTIC sticker lol

[@ResourceTalks]

*Now that the market has started declining I am going to try and swipe up my second property in 2019. Great tips, thanks.*

[@GrahamStephan]

🙌🏼

[@dillonh321]

I would wait another year personally.

[@haywoodjblome4768]

​@@dillonh321I hope he didn't take your advice lol

[@laxlyfters8695]

Even at 2x playback speed this video makes sense. Graham has good pace

[@GrahamStephan]

Ah thank you!

[@moorefuld]

I dream of becoming finicially free and being able to enjoy life when I retire. I love watching your videos. They give me hope that with some hard work and patience, this dream really can come true.

[@hillaryvasquez9651]

Thank you so much for sharing this fantastic lesson. This is extremely motivating. I just paid cash for my first home last month. While watching this strange video, I feel very proud of myself and my accomplishments. I'm so delighted I made wise financial decisions that have shaped my life for the better.

[@hillaryvasquez9651]

@Jacob Zate thanks

[@hillaryvasquez9651]

@Jennifer James There are many investment alternatives available, including real estate, ETFS, st ocks , and cr ypto, but my best advise is to hire an expert to guide you towards a profitable one.

[@hillaryvasquez9651]

@Jennifer James *Rachel Blanc* is a terrific specialist who has had a significant impact on my financial performance, and I highly suggest her services.

[@hillaryvasquez9651]

@Jennifer James She's pretty well-known on the internet; her Facebook page has more information.

[@hillaryvasquez9651]

*Rachel Blanc* that's her name

[@Mochi92]

I came here for research on buying a property or a land and I got way more than I expected. I’m about to give up my apartment, leave below my means, save money, and get the show started. Very informative, thank you very much! I have subscribed!

[@itslit5232]

How’d that turn out ?

[@RicardoHernandez-zr1pw]

How is it going?

[@pimpballer3]

Here is the secret: save money

[@GrahamStephan]

It's so basic, but so true. Reduce expenses, increase income, save the difference.

[@williamskrainski8407]

@Achaeos Salisbury America.....If you can't make it happen here buddy......you're the trap!

[@lewisknows7284]

@Achaeos Salisbury why are you watching these videos if you know you won't be able to afford to do it?

[@warrior_ethos]

@Achaeos Salisbury With your negative attitude and lack of creativity you will not find any of the stuff you mentioned above.

[@01henryander]

@Achaeos Salisbury You can do it man, I lived out of my car for a while too. Now I'm saving up to buy my first house.

[@MikeThaPhilosopher]

Dude you are literally heaven sent! Thank you so much for this information.. So many people would charge an arm and a leg for this

[@dailyfragmentsoflife8722]

Man I've started following you because of stocks but my main idea it's always been rentals, I've watched many videos of you and every time I get more and more pumped. Hopefully this year I'm planing on doing my first real state investment, I really appreciate all that expensive education you give us for free basically, I really like how you do your stuff man RESPECT!

[@mitchellmaytorena1137]

My parents had around a half a million in bonds that didn’t return anything year after year. I told them to buy a few houses and rent them out and they did. They now have 4 of them and paid cash for them all. They’re doing a lot better now.

[@mikepostdrums]

Why they would pay cash is beyond me, but great that they're out of those bonds! ;-)

[@austinmunday8190]

I wish I had half a million dollars

[@RedScareClair]

I love it when california people use number examples. Over 3gs for rent is just crazy lol.

[@xxmobstrxx8535]

Lmao that’s applies to NY too

[@fullwisewords]

As a California people, it amuses me too

[@mingchinkify]

SAN DIEGO here. I call 3gs, 3k.

[@dillonh321]

Yeah it's insane where I live anything to over 1.5k is extremely high.

[@stormraven1730]

In SF a studio in a good area is like 3800/month, and that’s like decent.

[@Chillymosquito]

I love this video so far. I would say that as someone who works for the nations largest lender we do NEED to run a soft pull to get your credit score. It’s basically a shot in the dark tell u numbers without a soft pull and even more so the tech we use doesn’t even allow u to see the numbers without the credit.

[@user-fc2xk3uv8y]

what if the person pulls it up on the app and shows you

[@jackiebentsen3894]

I have some questions: 1. Do you have to pay taxes at the end of the year? Because to my understanding, the more money you make, the more they take away, but when you have a business, depending on how much money you make, you have to pay at the end of the year. If this is the case, how does it work? 2. Do you have to cover the costs of any repairs to a home you’re renting out? I’m assuming yes because I would think that the landlord would cover the costs of things that break or need repairing (even if it’s something that was completely the renters fault). Or is it within the discretion or the landlord? 3. Who do we go to to write up the contract agreement if we want to rent out a home?

[@TheTyme99]

1. Get a CPA, they know tax law and every case is different -- if they are good they will EASILY pay for themselves. Tax law is extremely complicated. 2. Generally the landlord, it is your property and if things break it is your job to fix it (even if the tenant broke it). You can raise rent to cover the cost, but tenants are likely to leave so it is a give an take. 3. You can use a template and write it yourself and have it notarized. Or ask a lawyer to write it, maybe 100-200$. However, I would suggest asking to professionals in every case.

[@WillN2Go1]

Maybe this will contribute. (I live in Los Angeles) Plumbing, especially if it's upgraded.. Make sure that there are correct dielectric couplings between galvanized pipe and any copper. I've seen plumbers skip this step in the homes of people who are their life long friends. In my house the main pipe lasted about 4 years and was then leaking along its entire length. I replaced it with copper (about 8 years ago), and installed dielectric couplings at the risers to the kitchen and bathroom, faucets... This way I didn't have to tear out walls. I basically replaced all the piping installed to fix up the place for me to rent it. In a California bungalow the waterline leading up the house will eventually leak about 18" from where it rises out of the ground, to meet the turn off and the faucet. This 18" is where there's enough moisture in the soil to conduct electricity and so this is where even correctly installed galvanized plumbing (from the 20s through the 40s) will corrode and leak. It's an easy fix. I've seen this at least a dozen times. Just something to keep an eye out for. Roofs. I thought there'd be no issues with roofs in sunny southern California. I've never seen worse roofs. They're better now that they're not all asphalt and tar. Gutters. I think I've yet to see a correctly installed gutter in Los Angeles. They're all dead level or go uphill (???) This is easy to fix before it becomes a problem. On a rental it might be more than adequate to just install a length of gutter over the entrances and leave the ends completely open. Replacement windows and leaks. Often when a window is replaced, the flashing can't be installed around the window without tearing up the wall. Leaks can develop along the top. I know this happens, but I've never fixed it. What I think though is that if it's caulked (good silicone)and inspected and recaulked every year it should be okay. (Maybe speak to someone who installs new windows in old houses. They would know. Call them on a rainy day, if they answer, then they know what they're doing.) Sink, toilet and washing machine flex lines. Replace all of these with state of the art stainless steel reinforced ones. The water damage that won't be caused makes it worth it. The old metal ones are easily damaged, the white flex ones from the 80s and 90s burst. Personally on every turnoff and the main turnoff I prefer ball valves. For an external faucet this requires the ball valve and an adapter to hose fitting. It's worth it. They will never leak, always turn completely off. They now make them for under the sink angle-stops. It felt like Christmas when I first saw them at Lowes. Toilets. Did the previous owner tile the bathroom floor? If so they probably just put 2-3 wax rings under the toilet. There are proper fittings for this. Pop the toilet, get the right ring/gasket. Easy to do. Did your guys tile the bathroom floor? Make sure they used the correct fitting. Two wax rings are what every good plumber uses even when everything is right. Hillside houses, even small slopes. Are there signs of a water build up against the foundation? (salts evaporated out of the water against the foundation wall under the house?) You might find a terrific house that smells a bit mildewy. It might just be that ground water running down the slope behind the house is stopped by the foundation, seeps into the crawl space and creates a problem. If it's not a nightmare black mold problem, it's easy to dig a trench along the foundation, put in a PVC drain pipe (holes on the bottom) surround it with gravel so the water flows into the pipe. Then the ground water and run off is collected and directed around the house and then down the slope. Will this eventually silt up? Yes., but I'm in my 60s the only time I've heard of something like this silting up is in an active ground water pump. This is one of those things that can be an amazing opportunity, lower selling price, more difficult sell -- but you know how to fix it. Sorry to be such a busy body. Hope this helps.

[@Barfopotamus]

Superb advice, thanks for sharing

[@luckydo809]

I’m not born yet but I’m watching this for when I hit the real world.

[@vaughanxaviermusic]

I already died bruh I'm waiting for the after life

[@mellyworld8773]

The world is a business

[@DayanaPlays]

lol

[@sosoomiaa8114]

😂😂😂 omg

[@itsTonySaint]

Thanks to you Graham, one day I will be getting a blue Lamborghini just from having more money than I know what to do with 😂

[@nintendad1166]

Buying the first one was easy. When the bank wants a much higher downpayment % for the second one, that's the challenge I'm facing right now.

[@nordette]

Can you take some equity off the first one to help?

[@nintendad1166]

@@nordette haven't considered that, but am considering selling the property in whole to fund a larger purchase. The problem is the % downpayment. We were able to pay 5% down on this rental property since it was our 'first' property (didn't own a home at the time). Now that I own a house and also a rental, the bank wants 20% down on any subsequent properties.

[@nordette]

@@nintendad1166 are you married or do you have any family you trust interested in investing? If your married and take your spouses name off what you own now you can put their name on the new one along with yours to get that 5 percent. Or ask your family who doesn't have anything in their name to invest along with you and draw up legal paperwork to protect both your interests

[@nintendad1166]

@@nordette Interesting idea, I'll seriously consider that. Thanks for your help!

[@nordette]

@@nintendad1166 no problem good luck! I hope you get it

[@TheSavvyCouple]

Duuuude Grahman this video was awesome! My wife and I are finally trying to get into real estate and this video had a lot of golden nuggets for us.

[@manifestanything7281]

You and your wife will become millionaires! ✨

[@nikeraikage5318]

You’re gonna make me a millionaire. Im calling it now, Graham and I will have a drink someday! On me of course.

[@tgmruk7128]

Nike Raikage has it worked out yet?

[@nikeraikage5318]

TGMR UK Im currently saving to buy my first rental property! With covid, ive been able to buy a lot of stocks. Once the world comes back to normalish, i should have about 100k+ to start property investment! Im excited but also moving super slowly as to be cautious. Dont wanna call it lucky but the pandemic has kinda helped my endeavors thus far. Haha

[@tgmruk7128]

Nike Raikage aha that’s sogood to hear I’ve tried buying and selling but can’t get shipped anything do you mind me asking how you have managed to raise that significant amount of money?

[@nikeraikage5318]

TGMR UK TGMR UK well for starters i took the advice hes said many times and started living below my means. I make over 100k a year so that wasnt very hard to accomplish. My main goal was to save at least 2k per month. I was doing that for about 6 months. Then i got a pretty good bonus and tax return so i moved that money into an investment account. I started my account with about 15k and when amazon initially dipped i bought in on a whim id heard on reddit r/trading. Shortly after it rebounded a lot. I make a bunch there then bought a lot of energy stocks for about 40k. They were at 15$ on average. Now i just have to hold on and hope they get back to normal (at least 50$ per share) hopefully by next spring. Then with the additional 2k a month saved i can be at my goal of 100k plus 13k in an emergency fund.

[@nikeraikage5318]

TGMR UK i heard a tip on reddit today to watch for all the cruise companies to rebound. Idk when it can happen but theyre sitting pretty low in price. Could make about 20-30$ per share if they get back up long term

[@jeffreymelton2200]

WOW. this really was a step by step, with no bullshit. I appreciate that. most people are like, heres how you do it. You have to think like a tiger, and be positve as the pope, and you want cash flow positivity. Thats how you do it!

My Lamborghini will be invisible because my credit score is 450.

[@kingjor09]

🚨 Broke nigga alert 🛑

[@ryansmotorsports2199]

Work on it and improve your primary income and eventually generate more streams of income. Everybody starts somewhere.

[@ExpatTraderFX]

Work with the owner give him a higher down payment and work on paying them on a monthly basis stay away from banks..

[@DoomFinger511]

How do you get to 450? Did you have a bunch of credit cards you missed all the payments on?

[@GMNGChristian]

Work on it. Mine was 524 due to a credit card that I couldn't pay off. I eventually got a decent paying job - paid the credit card debt, then started putting money in CD's then pulling loans against my CD's with an automatic withdraw to make sure the loan got paid on time. My FICO credit score is now 793 (it was up to 820 at the peak of my building it, but I haven't needed to use any credit in a long time, so it goes down when you stop using it). Actually I may do this again - I like the way that 820 looked on my report. Fastest way of building your score that I'm aware of is putting about $1200 in a CD, then a month later pull a loan against the CD - put that loan in it's separate account, and have the payment automatically withdrawn from that very account (make sure you add a bit more cash in it to cover interest) and you should have that loan repaid in a year; what builds your credit is paying your payments in time and in full (no partial payments) - it's not paying off a loan as soon as possible (do that with your home loan, not your credit building loans). Edit: Essentially you're paying the bank to give you a better credit score, and that better credit score gives you access to larger loans from the bank so you can buy cash-generating properties.

[@LeeMartinC]

Do you recommend forming an LLC or sole proprietorship for real estate? or is it just a waste of time?

[@Brandon96712]

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

[@JohnMatthew-hq3xs]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@doodleknowledge]

Totally agree. great video. As they say landlords grow rich in their sleep without working, risking, or economizing.

[@MsDreamofmine]

Thank you for this great information.. I’m definitely interested in investigating in property. I am actually in my first home and plan to turn this into an investment too.

[@MsDreamofmine]

@dreamyshorts Actually, I tried that a few years ago and wouldn’t want to rent to anyone while I reside in the property. I want to invest in a property that has multiple units to turn into a transitional home. Someone advised me that the state offers grants for this so I am currently doing research.

[@ryebread447]

​@@MsDreamofminewhat did u find out?

[@raatube123]

Is no one going to mention the cash flow is actually $600 in the example? Great video though!

[@da14a49]

I was looking for this

[@josebrown7591]

Noticed this to!

[@phialpha9432]

Okay, I'm not crazy. I thought I was missing something.

[@markdc1145]

Should be $600 according to the figures he flashed on the screen. Or is there another factor here he doesn’t mention?

[@elijahsplaytime2540]

@@markdc1145 everyone is missing the $200 extra he said to throw in just as a buffer which actually isnt a real cost so the $600 + $200 is actually a $800 monthly profit

[@hungdoan7303]

12:54, your math is not adding up, 3200 - 2600 800 ?

[@Drvg.]

quick maths

[@Pyscologue]

Hhhh you got him. $600 lol

[@ca11umsmith5]

Came to look for a comment about this yeah

[@ciao98496]

Thank you, thank you and thank you again. You are relatable, easy to understand, It took me a long time to find you but I have. I am motivated to get started right away. I am going to get pre-approved on Monday. My credit score is 844 and I will be using my HELOC for the down payment on the first home I find. I will also be renting my home, which is valued at about 410,000 and I owe 98,700 on it. My mortgage is 720/mo but I will be renting it out for 1950/mo. I have found a home with a guest house for $500,000 where I will rent out the guest home and this will be my home, while I search for more properties.

[@mohmoodog]

This is one of the greatest videos I’ve ever watched on KZbin thank you so much. I do have one question though. What do you think of property managers and would it be wise to hire one to manage your properties?

[@Lumens1]

He has a video on this

[@jalabi99]

18:40 Graham: "I make an offer, I never get emotional about it" also Graham: _(made four videos about that seller who didn't want to sell their property to him)_

[@GrahamStephan]

KZbin loves the drama and the process!

[@RichardWalls]

Great video, Graham! I took the plunge and rented out my previous home (condo). It's a significant upfront cost, and can have quite a bit of risk, but the future income and potential appreciation can certainly be worth it. Especially if this is just one of many income streams in a broader investment portfolio.

[@danliving1]

The photos part is so key! 90% of the listings in my city have the worst photos and even the nicer places look run down and scary. That's what got me into real estate photography so if you're in Chicago and need someone to take professional photos of your property, feel free to reach out!

[@elizabethhuerta4555]

Working on getting my Real Estate license to buy my rental homes! 🙏🏼

[@jackl8349]

This might be a dumb question but wouldn’t it make more sense to buy multiple lower costing properties than it would to buy 1 more expensive one?

[@idunno2379]

Nope cause the lower end might end up getting destroyed again too, costing more in the long run. Plus you really can't upgrade it then expect to charge more on it assuming it's in a lower-income area.

[@BrmadeJay3]

VeryCleaverName thank you bro this did helped me💯

[@ironmonkey1512]

you should look at the rental market and figure out where the middle ground is. I have an AFB nearby and try to cater to that market. Too low you get bad tenants, too high and the rental sits unrented for long periods.

[@gunnarpoley]

My Lambo's going to be dark purple.

[@magnusanderson6681]

Why the hell would you buy a depreciating asset, Graham does not approve Mine will be blue

[@24kprincep]

Lime green in y’all’s facee

[@bensedgwickfilms510]

pov: you can buy a used porsche boxster s for £6,000 on autotrader 👁

[@mrsd.s.t.5466]

Purple squad 🤩

[@georgiosthoma3013]

Matte Black for me 👌🏽

[@hypebeast3335]

Just got my first rental property at 20 here in Edmonton, Canada. Your video helps a lot!

[@nawtmyrealnamelol]

10:15 i feel like this should be in the intro of the video, very important information

[@poprockssuck87]

"Tile is one of those things you can't mess up." Hold my beer.

[@GrahamStephan]

Hahah

[@xyzzy64]

*drops the beer and cracks the tile*

[@michaelmisilo6411]

SMASHED THAT BUTTON!! Great video like always

[@GrahamStephan]

Thank you so much!

[@richiem2762]

Im 19 and i will follow this guy on his investments I don’t want to be old and rich🥸

[@mariano17swan]

Thank you so much for your advice. I'm 23 and interested in buying a rental property. Currently saving for down payment. I hope in 2-3 years, I will have at least one rental property :-)

[@potetempire1833]

The hardest part here is the initial down-payment, especially if you're young and just starting out.

[@krishnajgk4870]

Potet Empire , in that case you can occupy one unit with 5% down conventional financing and add room Mets , and rent remaining units. Good cash flow

[@nglyo]

I think finding a property that cash flows is the hardest part here, and the biggest risk factor in determining if you will be successful or not in real estate. You can get a down payment by saving up.

[@chonfortin2001]

Just save up N move in silence the goal is to be rich, not to look rich.

[@stevenpaul4394]

My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.

[@terryarthur5148]

Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?

[@deborahsharon2083]

The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for

[@andrewedward1127]

All you need is a professional trader to avoid making losses

[@adamnathan6744]

As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional

[@rebeccastephanie9927]

How can someone know a professional ccount manager that is trustworthy when legit once are hard to find this days.

[@e-sack9652]

Bru, you said it all, you have nooo idea how this helped me, I bought my first property and there’re too many things I made a mistake on, but I learn.

[@latishacampbell5764]

The pic of the intersection [north locust] is my town...so random because you live in Cali.

[@marcusanthonytrujillo]

Good video except the math is wrong. Lol its 600 a month in cashflow, not 800.

[@GrahamStephan]

I know, I edit and film late or super early...things slip every now and then lol

[@dmvjay9196]

🤔 I thought $3,200 - $2,600 was $600 maybe he's already in his 10th year with so much money he doesn't know what to do with it 😂😂 🤷🏾‍♂️

[@thesuitmakesmefeelfancy3375]

You forgot about poker night

[@Unmployable]

So how are you getting 12%?

[@VictorArgeniss]

@@Unmployable 800 x12 is 9600... Which 9600 is 12% of 80k he put down.

[@adamkolasinac6714]

the whole video was literally amazing it should have bin called "how to invest in real estate for dummies 101". Graham you are the man and are very knowledgeable, i even learned a few things along the way lol this video deff gets a thumbs up from me!

[@juliebrown6818]

Look at you speaking my future life with my pretty Lambo. Can’t wait to meet you Graham!! I took over the real estate game 😇