How To Save For A House (Plus EVERYTHING else you'll need to know)

Lets get back to the basics in terms of saving enough for a down payment to buy real estate, what you’ll need for lenders to give you money, and some things to prepare for before you start buying a house. Enjoy! Add me on Instagram/Snapchat: GPStephan
Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
/ therealestatemillionai...
It begins with the following:
Good credit - Anything above a 740 generally gets the best rates.
2 years worth of tax returns - This shows that your income is consistent and that you’ve built up some work history.
Bank Statements and proof of income for the last 2-6 months - this way you can prove how much money you’re actually making and spending. With that, they can calculate what your debt to income ratio is - banks prefer those who save a lot, and spend very little.
Cash reserves - sometimes it can be 3-6 months of mortgage payments, taxes, insurance, and a buffer in liquid cash or assets.
Pretty much any time you buy real estate, you’ll need a down payment. Banks want to see that you have your own money at risk when you buy a house…this down payment forms your initial equity in the property. Generally 15-20% down is about what I’m seeing.
If you don’t put down 20%, you’ll generally need to pay PMI which stands for private mortgage insurance. This is an extra cost that helps assure the bank you’ll be making your payments, since the less money you have in the deal, the higher the risk is that the bank will lose money in the event you foreclose.
If you can qualify lower down payments and the numbers make sense, go for it. But in more expensive markets, you’re going to need more money down. Some other options might be available like a VA loan where you can buy with 0% down - so this will be up to you figure out what’ll be best.
When saving for a property, it’s really about setting your priorities and deciding what comes first - if buying a property is your number one priority, it might make sense to cut back in other areas just for the sake of accomplishing this.
What I use that helps a lot is Mint.com and PersonalCapital.com - I use these to track all of my expenses. You need to know where every penny is spent and exactly how much you earn. It’ll be nearly impossible to save as much as you can without doing this.
One other strategy I like to use is to automate my savings. I have one bank account where all of my money is deposited and saved - this is Ally Bank. Then I have a Bank of America account for my expenses. I’ll only transfer a certain amount of money every month to bank of America, this means that everything else I have is pretty much already stashed away.
Finally, generally banks won’t want the mortgage payment to exceed about 44% of your total income after expenses.
Again, with this, it’s all cutting back as much as you can. You really have to make this a priority to save as much as you can.
Now for those who just don’t earn much money in the first place, the reality is that you’ll need to either cut back on your expenses as much as you can and save the difference - or work to increase your income. There’s no way around it, there’s no way to sugar coat this - if you’re not earning enough money, you’ll need dedicate yourself to making more money. This is one of those things where if you want it bad enough, you will somehow find a way to make it happen.
Now one more thing I do when it comes to saving is to keep it all in a high interest savings account. Most people want to invest it, although in the short term, there could be too much volatility to risk it in the markets.
Ultimately, when saving up for a down payment, it really just comes down to income vs expenses - and once that’s handled, banks will look at the bigger picture to determine what you’d be qualified to receive. And patience and discipline here goes a long way - you will need to do this long term consistently.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [e-mail]
Suggested reading:
The Millionaire Real Estate Agent: goo.gl/TPTSVC
Your money or your life: goo.gl/fmlaJR
The Millionaire Real Estate Investor: goo.gl/sV9xtl
How to Win Friends and Influence People: goo.gl/1f3Meq
Think and grow rich: goo.gl/SSKlyu
Awaken the giant within: goo.gl/niIAEI
The Book on Rental Property Investing: goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - goo.gl/sT68EC
American Express Platinum - goo.gl/C9n4e3

[@cerebralvision]

HGTV: "My husband picks apples for a living and I give hoolahoop lessons. Our budget is 4 million dollars."

[@GrahamStephan]

Hahah

[@eeericaa]

😂

[@danielagomez7014]

True 😂

[@kristine7893]

Mathew Samuel on me 😂😂😂 or “I started with my parent’s inheritance” 🤦🏻‍♀️

[@black4432]

Hi I breed salamanders for a living and my husband is a stay at home astronaut. Our budget is $3.2 million

[@derrickp]

As a former mortgage underwriter it is good to see a real estate agent that actually understands the mortgage process.

[@GrahamStephan]

Thanks so much man! I've been through it so many times at this point, my last refinance took 2 weeks to cash out because I had it all prepared ahead of time :)

[@trabajarhablar]

Right!

[@alexvaldezshinerite]

What do you guys think about Dave Ramsey's method of doing manual underwriting?

[@seanaleta5527]

If I use a VA loan first, will I not qualify for a FHA loan anymore after?

[@I_like_turtles_67]

@@alexvaldezshinerite If you're self employed and or 1099. Plus you don't use credit cards aka no viable credit score. Yes. Manual underwriting makes the most sense.

[@FullTimeEuphoria]

That awkward moment when I learned more in 15 min that 4 years of high school about great life advice

[@GrahamStephan]

Ouch

[@Jekyll_Island_Creatures]

Government schools dude

[@京都アンソニー]

Yeah, youtube is more educational than school.

[@Juan-dl2ww]

LMAO, thats not what high school is for, obviously.

[@ivars5730]

Claudio Rivera facts

[@nixpaFPS]

Honestly I’m 16 and not saving for a house anytime soon. But I still watch all of these videos cuz it’s somehow just really entertaining.

[@williamanderson9525]

Nixpa R6 same my man ask your parents abt getting a credit card or roth ira

[@nixpaFPS]

William Anderson ty for advice

[@ballathug8404]

Start investing every month man ,trust me you'll be cruising by age 40

[@rodriant55]

Start saving bud, I’ve been doing since I was 16 and got enough for a down payment already lol, I’m 18 now

[@PersonalPromises]

You know the saying, "The best time to plant a tree is 20 yesrs ago. The second best time is right now." ? The earlier you start saving the better!

[@mudkipzjabroni190]

I’m about to close on my first duplex next week, and it wouldn’t have been a reality without finding your channel a year ago. Going to be a homeowner at 22! 😁

[@swiftkarma4436]

👏🏾👏🏾👏🏾

[@HMolyneux]

POWER TO YA! Congrats!

[@ReyHombre23]

how did it go??? any updates?

[@mudkipzjabroni190]

@@ReyHombre23 Everything went smoothly! 3.6% interest rate on a 30 year, Paid 58k TOTAL with seller paying 6% towards closing. Currently doing some soft remodeling and sharing the two units with a roommate to cut costs in half. At this rate I should be able to have my first tenant by the end of summer. Good potential to be paid off completely in 10 years.

[@lolamoon7296]

Brandon Tesho wow, how did u save up 58k by 22?

[@Aless.D]

>This is a very interesting and informative video. Are you someone who reads as much as possible about potential investments and asks questions about them? If so, maybe you don't need investment advice. However, if you are busy with work, children, or other responsibilities, or if you feel that you are not knowledgeable enough to invest on your own, seek professional investment advice.

[@Aless.D]

>Investment professionals offer a variety of services at varying prices. You can get investment advice from most financial institutions that sell investments, including brokerage firms, banks, mutual funds and insurance companies. You can also hire a broker, investment advisor, accountant, financial planner or other professional to help you make investment decisions.

[@NarinEmre-dc5up]

Some financial planners and investment advisors offer a comprehensive financial plan that evaluates all aspects of your financial life and develops a detailed strategy to achieve your financial goals.

[@kk_G2]

Speaking of financial freedom, I've been thinking about it a lot and the best option is to invest more because I don't think you can get very far depending on a single source of income. Investing can be intimidating for many people because there are so many options and it can be difficult to determine which investments are the right ones. I would like a recommendation if you have any?

[@Smith.ash2]

Planning for financial freedom, is a marathon and not a race, as the saying goes. Breaking your financial independence goals into bite-size pieces can help you stay on track while making the process a little more manageable and hopefully a little less stressful. Even if you are starting small, the important thing is to start. The investment creates a safe haven for the future. Everyone needs it so you don't go bankrupt when you stop working

[@Aless.D]

The thing is that I don't really like to make these kinds of recommendations. But there are plenty of independent wealth managers you can check out. I have been working with 'Sherman Williams Trading' for about four years and have had decent returns. If it meets your criteria, then you could continue >

[@DanielGarcia-zz9eg]

Here's the key to buying a house. Build your wealth first Pay off any debts. Then after 2 years of good wealth coming in, buy a house. Never rush to buy a home, take all the time to buy

[@MrAVENGER901]

Thats some good advice actually.

[@roxannescott6956]

Great advice 👍 need to print and put on my mirror ☺️

[@Thrillowatt]

Where do you live in the first place

[@josecastillo-db3cf]

This is exactly what I’m doing now. Great advice

[@austins.7566]

@@Thrillowatt either with parents, with a roommate renting or renting on your own.

[@marisastoneobrien7834]

Graham, I am a mortgage broker and this is excellent! This is the perfect overview with enough details to be actually useful. The only thing I would add is have your credit pulled by a mortgage broker 3-6 months before you start shopping for a house. There might be things on your credit report that are not accurate and there might be some tweaks the buyer can do a head of time to raise the credit score and the lower the interest rate.

[@dwa3210]

Marisa Stone O'Brien good info! A lot of people over look this.

[@ImaDoWatIWant]

Fake

[@Firesealr]

"Live below your means." "But always be expanding your means."

[@xavierstephan2822]

*Thanks for the review* *[phone]* *M

[@sageoblouk6782]

Graham: "You will need to make a sacrifice." "Honey... bring me the kids."

[@TruthHub_]

Sage Oblouk 😂😂😭😂

[@nate9626]

Jesus 😂😂😂

[@jkli14]

I love it

[@tni3581]

like the great Thanos said "the hardest choices require the strongest wills" LOL

[@icantspell210]

Sage Oblouk gahahahab

[@adventuremanintheclouds8968]

He nailed it right on the head. For the last 2 years, I have made running my business and maximizing my income in order to save up and to qualify for a house my primary goal in life. I have been willing to lose friends, relationships, and my overall happiness, lol. I have worked and worked and worked some more. I had a little bit of fun here and there but I mostly had 1 purpose in life, and that is to buy a house. I close on my new home in 14 days :) ❤

[@lollipopqueen6881]

Nathan Arras congratulations !!!!

[@adventuremanintheclouds8968]

@@lollipopqueen6881 Thank you so much. Friday is the big day :)

[@curly_girly702]

Nathan Arras Congrats! How old are you? Do you have any tips you would like to Share, as I am looking to purchase my first home soon as well.

[@adventuremanintheclouds8968]

@@curly_girly702 Too old to be buying my first house, lol. I'm 35 and came from a poor family and was not taught important things like this growing up. The houses here are pretty expensive and I never though I could do it but once I realized you can achieve anything you put your mind to and fully commit yourself to it, I knew I would be owning my own home and no longer renting. Save all of your money. It will be hard because it takes a while and you will have to sacrifice a lot. Find activities like hiking that don't cost anything to do make your own coffee, take lunch to work. You will have some inner challenges but if you keep your eye on the prize and stick to it, you will achieve your dreams. I am self employed so I had to play the game for 2 years. It was tough sometimes, but then I remembered that two years is such a short tidbit of my life. It's literally nothing. Suck it up and make it happen, then you can relax, gain equity, and level up :) Best of luck on your journey!

[@lionheart93]

@@adventuremanintheclouds8968 what kind of business?

[@royalhighness8383]

When you stop learning, you get left behind. Never stop educating yourself

[@madiezancanellatl9205]

I'm learning more on the internet than I'm learning in school

[@madiezancanellatl9205]

The internet has taught me how to make money online through multiple streams of income

[@mbalimaka6393]

@Investors motivation you're right 👍

[@mbalimaka6393]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?

[@christopherhobb7702]

@@mbalimaka6393 Bitcoin investment, but you will need a professional guide on that

[@justinstockwell4411]

I just cut out tacos and $5 coffee from my lunch routine two days ago. With tip i'm saving minimum $15 a day. If you add in the bacon egg and cheese biscuit and orange juice i would also get a few times a week, now it's well over $20 a day i'm saving with the only extra effort being the ham sandwiches i make in the morning. So in a way i get paid $20 to eat oatmeal and make 2 sandwiches.

[@deborahhardaway8919]

Lol😀😁😂

[@anlcagan8037]

man.. get a healthy diet.

[@thebabblingbrooke6659]

Literally laughing so hard that I’m crying bc I’ve been surviving off of hot pockets and Cinnamon Toast Crunch to save to buy a car cash. 🤣 the struggle is real

[@justinstockwell4411]

@@thebabblingbrooke6659 stay on your grind!

[@Mr_pai_pai]

Remember when tacos were a dollar :(

[@AwesomeFinish]

I just wanted to add that once you start down the road of saving, bettering your credit score and managing your finances you will find it's actually fun! It's almost like a hobby. And when you start seeing the results it will energize you do even more!

[@mrmcqguire8175]

True, cash reserves can be shown with a 401k account. I did it to close on my first rental property. Love this guys perspective on real estate investing!

[@mrmcqguire8175]

Your lender will ask you if you have a 401k if you dont have enough at closing or if you didnt put enough down. They will allow you to fax a statement showing the funds in the 401k account. They do not withdraw the 401k funds, they simply use the statement as proof of funds in a worst case scenario!

[@UnknownUnknown-tu3be]

@Tikes Knit Barhypothetical scenario, if you have 100k in your 401k, you have access to 70k in a few days. Also you can borrow from your 401k.

[@HeatherLeBas]

This is the definition of Quality Content 🔥👊

[@tvu123]

Heather LeBas v

[@kaelask]

I just found your channel and I have been bingeing for the last 5 hours! I'm trying to buy a house and I'm trying to wrap my head around all of it and your channel is clearing the fog for me. Thank you. You should speak at high schools and colleges, hell even middle schools because someone needs to teach us this. I never learned ANY of this at any point through school.

[@venomg5799]

That's on purpose. They _want_ to keep us down

[@The_Mysterious_Saiyan]

Thats the point of the any government. They key is nobody should know about this as we grow up. If this was teach at school, we would all be millionaires. 🤷🏻‍♂️

[@AceMonkeyIlium]

@@The_Mysterious_Saiyan if they teach this at school people will find a new way to make money and this method will stop becoming the effective way.

[@guitardude0909]

My wife and I have been religiously saving and working towards our goal of for a DownPayment - 1year Reserve Account and Retirement savings. Its not easy but we are getting there. Thanks for the extra tips.

[@901nuskin]

guitardude0909 depend on where you live there is a lot of program that help owner occupied down payment for free. Check with your trust agent Thank you! check out LINKS in 901david.com

[@elizabethpalu2447]

Makes so much sense not to ever consider going for 5% down or 0% deposit home loans - should always go for the 20% if possible. Thanks Graham

[@xavierstephan2822]

*Thanks for the review* *[phone]* *M

[@dangeles95]

I’m excited bc I r talked my wife into us buying our first property! Almost have the 20% down payment saved up and already looking for a good property! This video was VERY valuable!

[@tobie9259]

I look up to you man I’m 18 soon to graduate and I really want to make something of my life and not Slave at a 9 to 5 job for the rest of my life to grow old and not be able to enjoy my life. Keep up the videos I’m Learning a lot. I hope to invest in Real estate in the future!

[@InsideTheJoshMind]

Tobie I wonder what you’d think of my channel. Been documenting my struggles while becoming successful and trying to teach the lessons along the way.

[@killinfilms879]

Hey man I'm curious how you're doing a year after the comment

[@aquasun3]

I envy that you found him at 18. I found Graham at 23/24. And I'm soooooo financially screwed as of present. Follow his advice and make me proud lol

[@orestispalampougioukis6043]

@@aquasun3 I found him at 33 :(

[@Mysticalala]

Found him at 16 😅

[@xdozie]

I feel bad for you Californians buying 1 bed 0.5 bath 1 window houses for 600k lmao

[@GrahamStephan]

Sad truth :(

[@T0ny777]

Thank you

[@ernestoortiz1523]

That's only if you want to live in the big cities chico. If you go to a smaller city you can get really quality houses for decent prices.

[@RelSparks]

This is us on maui as well. 😭 We PAY to live in "paradise"

[@bonniea8189]

@@RelSparks My understanding is that has to do with resources. There's limited land on which to build, which limits housing supply. Plus an inability to produce enough to supply the population and tourists, so everything has to be shipped in from far away, which drastically increases the costs of consumables.

[@sunderwire]

Graham actually teaches valuable life skills, unlike when I was in High School

[@Moocow9991703]

Just bought my first family home this year and your completely right it doesn't really matter how much deposit you need you'll save it if you want it enough.... Thanks for another fantastic video 🇬🇧

[@Humbleears]

I’m about to turn 31 and have been trying to fix everything I’ve done in my younger years. My boyfriend and I have been saving and we’ve watched so many youtube videos on the process of buying a home. NEVER HAVE WE HEARD OF CASH RESERVES!! Thank you for sharing!!

[@rockyhomesandinvestmentgma892]

You can actually get a home in countries that are cheaper with foreign investors everywhere. You can get to me for clarity

[@rockyhomesandinvestmentgma892]

Or IG @ rocky_homes_

[@tubby158]

I’m glad you addressed the “should I invest my down payment cash rather than have it sit in a savings account” question! Something I mulled over for a while too in the past.

[@joemac_10]

These are thee most accurate, realistic, and down to earth videos. I bought a condo with the VA loan and all your content is so relatable and easily put into action. I love cars too so it’s nice knowing you live a little.

[@TommyleeATGMAILDOTcom-ws3wg]

Contact hacklord on [e-mail] and on Whatsapp [phone] only . if you need help about forex trading , Bitcoin hacking your PayPal,credit score fix, bank account,phone hack (cheating husband or wife ) western union hack,money gram,credit card hack,instagram verification, Facebook and also good in credit score fix His fast and reliable .

[@MG-gh3ij]

Honestly graham is one of the only guys that give financial advice that never had an intention of making money off their viewers, a lot of other guys trying to “help” always charge for their program or services

[@janet_ra]

I don’t even bother with ads in your videos, and sometimes I just watch them in full... cause you are the best with advise ☺️ Thanks♥️

[@Robinson191000]

Parents giving money 10,000 to their kids where are those parents I need money 😅😅😂😂

[@mrpipefitter9963]

Robinson191000 you don’t get what he said do you

[@dillonmunro4503]

You’re the only channel On KZbin I genuinely am anxious for content from. My mindset has been changed since I have found your channel. Thanks Graham 🙌

[@GrahamStephan]

THANKS SO MUCH DILLON! Really means a lot to hear!

[@rbfslim7611]

you the best my guy you really teaching me things i feel like school should’ve taught me or at least my parents🤦🏽‍♂️

[@ErikHalaska]

Truth

[@edwardway2013]

Love your content recently landed a six figure job overseas so I can literally pump all my money into real estate. Your videos have given me a first step in understanding the game, and preparing for my first investments.

[@GrahamStephan]

Thanks so much, happy it’s helpful!

[@josephedwards1632]

If you really read everything then I just want you to know I’m about to come back from this deployment and have watched countless videos you put out. All have great content and have given much insight into what I need to prepare for when buying my own home and a business venture in the future for a few other parcels of land I own to rent!!! Thank you Graham!

[@zerc1]

You're like the most intelligent person I watch on youtube, these advices you're giving us for free are awesome! Subbed and liked!

[@Peppermon22]

Gota make enough money. I’m in that dumb gap. Rent is crazy, owning a home would be cheaper payments but they don’t like my income. Can’t work more as a single mom.

[@saulw6270]

Jasmine V move to a cheaper part of town that may b less desireable

[@shadowspire]

@@saulw6270 that doesnt always work, like in my case if I moved to the "less desirable" part of town youd get mugged for sure if you walkanywhere outside your own yard. That's why I dont move to cheaper part of town lol but I'm stuck in the same place as the OP

[@SakuraaaHarmony]

Jasmine V the last resort is find yourself a wealthy man 😂

[@janeblango5532]

Side hustle... join a business and grow with it until your income increases 2-3x

[@AwesomeSauceToys21]

King Saul yeah so your kids cant go outside and ride their bikes without gun shots going off

[@DylanRoberts7]

You should do a video just on credit. How to build credit when you're starting off.

[@GrahamStephan]

I should just re-upload old videos ;) kzbin.info/www/bejne/bWXTepl3hLuoe6M

[@DylanRoberts7]

I saw that video I just forgot about it :P, thanks again.

[@2sickjay]

Create a playlist here on KZbin and every time you watch a video, add it to the playlist . Then later on you can review all the videos you have watched to refresh your mind . I do that and it’s super helpful

[@DylanRoberts7]

Thanks for the idea, maybe I'll try that.

[@outgroup]

@@2sickjay Damn one year later and I thought of the same thing

[@philrodrigues9270]

Live like a broke person

[@GrahamStephan]

Amen!

[@SuperConanz]

GC

[@JimmyKn1ves]

Easy enough! I'm broke! LOL

[@rachaelolais9911]

I do my best to do so but, my coach purses addictions holds me back😭. I am honestly trying to save on everything else🙄

[@xmistaxcashxcoll]

Phil Rodrigues wtf why

[@Elyyy310]

New subscriber 🙋🏻‍♀️ I’m currently binge watching your videos on the daily so thanks for all of the great content! I just graduated and received a full time job but i am still living at home so that I can pay my student loans. As soon as I am debt free I plan on sticking to my strict budget and saving all of that excess money for a downpayment. Currently I’m averaging $1,900 toward debt monthly so once I finish paying debt I know I can easily save up for a down payment within 1 yr. by adding a few side jobs. Thanks for the motivation and great tips!

[@parkerwright5043]

I know you read comments man. I just wanted to say 🙏 thank you. You have given me knowledge that no one else will.

[@GrahamStephan]

Thank you so much!! Happy it’s helpful!

[@brandongrennan7602]

Thanks for the breakdown of PMI I never quite knew what that was. Love the rants on the people that feel thet you might be wrong lol. Literally made my day! Thanks Graham!

[@GrahamStephan]

ha thanks Brandon!

[@romeostarlite21]

I learn more from you than I did in 4 years of college man..keep up the good work!

[@juand.m.530]

Man this hits hard because I’m a college student that barely makes enough to cover my essential expenses but I want to be a real estate investor so bad

[@aceron54]

Banker here, the 45% DTI is usually based on Gross income if you are a W-2 employee. Net income is used for self employment.

[@jeno5176]

I needed you years ago! I am.learning more with you in a matter of minutes than I have learned in a life time. Time is of the essence for me.

[@TommyleeATGMAILDOTcom-ws3wg]

Contact hacklord on [e-mail] and on Whatsapp [phone] only . if you need help about forex trading , Bitcoin hacking your PayPal,credit score fix, bank account,phone hack (cheating husband or wife ) western union hack,money gram,credit card hack,instagram verification, Facebook and also good in credit score fix His fast and reliable .

[@corynorell3686]

I'd be willing to bet no lender would tell me about credits for having a credit score over 760. Definitely good to know; As is pretty much all the advice I've seen thus far on this channel.

[@ryanpesecky]

Graham, you're a smart guy. I live in LA and you give some amazing financial tips. Appreciate all the insight and work you put into these. It's not easy saving for a house in LA.

[@GrahamStephan]

🙌🏼

[@sophiec3592]

Single momma of two - thank you for the information! I feel like it’s time to start really saving for a home.

[@GrahamStephan]

🙏🏼

[@jorgelanderos7146]

Im 23 and i messed up and wasted like 5 years just working my ass off but have nothing to show for it. Watching these videos and your channel has really made me have an epiphany and i hope its not too late to turn it around!

[@xavierstephan2822]

*Thanks for the review* *[phone]* *M

[@jxiro1]

It’s okay bud hope you’re doing good now

[@floj8083]

Hey Graham, here 2021, looking at your old videos like this one and love that your background stayed the same after all these years!😁👍

[@jmvalino1]

Content is 🔥as always. So important for EVERYONE to have knowledge on this subject. Thanks again Graham!

[@GrahamStephan]

Thanks so much Jon!

[@pshyeah1128]

Yo I work at a hospital and I'm working 5 days a week (12's hrs) shifts for the next 2 weeks. 60 hr workweeks + OT MONEYYY

[@saulw6270]

pshyeah1128 doesnt matter if you dont save the money and continue to do so consistently

[@Jonathan-xn3rp]

Those Bitconnect memes are gold

[@kristine7893]

Jonathan Casares HEY HEY HEY

[@XxhimynameiscynxX]

Thanks !! I am so excited to start looking for a home at 25! You helped me fix my credit score , be cheap , and now help me plan to get a home.

[@hockeycrazynerd982]

Just found your channel a few weeks ago, it's really inspired me to take a more active approach in my finanances and I ultimately would like to get into property rental. Thanks for the information and laughs, always love the comment section rants haha.

[@GrahamStephan]

So happy it’s helpful!! Thanks!!

[@toby-jeanne_almy]

Can we appreciate how much Graham has relaxed in 2 years time lol?

[@beckytanner4020]

I’m trying to take full advantage of the new year, I’ve allocated my capital in a safe and sustainable way but still leave room for excitement for individual stocks and exciting new opportunities.

[@ModernJewelryMakers]

It’s literally my favorite part when you mimic your haters “unsub, unfollow, dislike” so f-ing funny!!! Viki

[@GrahamStephan]

😜🙌🏼

[@russellwinfree7587]

The funniest things are the truest things! 💁‍♂️

[@brendenwright2487]

Thank you so much, as a young adult I have been trying to gain some traction on saving towards my own house, as well as I have been looking everywhere for good, intro information to home buying. You provided me with both, and I appreciate you! Liked,. subscribed, and will definitely continue to watch.

[@scripts4473]

I really appreciate how everything is typed in the description. Thank you for everything!

[@ccue0207]

Wow... this answered all my questions. Still learning so I'll just watch more videos to get them answered. Thaaanks!🤗 I'm not on social media but I'll be following you here 🙋‍♀️

[@thomasmorrison3279]

You sound like Uncle Dave Ramsey now. I'm impressed.

[@TicketProfits]

I need to pay off my debts first😣! Then save.

[@GrahamStephan]

🙌🏼

[@closethatdoor1966]

Erik Reyes school debts?

[@s2ncurai]

Keep it G my school debt is my white 🐋 😢

[@kemikunle9360]

It's funny to go back and watch these old videos now that I've advanced further along in my financial journey lol

[@mlr975]

Started off with an IT card. Did my credit wonders. Also at the end of my first year it doubled my cash back reward. Very awesome!

[@GrahamStephan]

thanks!

[@Urfavjon]

What’s an it card?

[@mlr975]

Jonathan Rosales it’s a type of Discover credit card. If you’re a college student it’s very easy to get. I continue to use mine to this day.

[@brits6251]

It says the interest rate may change at ally bank! Thank you for the great information, Graham. I take notes on these videos! Very excited to have some more direction and inspiration! Happy Sunday

[@xavierstephan2822]

*Thanks for the review* *[phone]* *M

[@marybennett4635]

"in less than five years, I have no idea what the market is going to be doing" WELL GRAHAM covid-19 would like a word

[@adamgarceau]

Can you do a video for my military brothers and sisters about the VA loan? Super interested in how this works. Thanks 🙏

[@amz617]

I love your videos! Unlike many other “financial education” videos, Yours are so incredibly informative! Keep them coming please!

[@GrahamStephan]

thanks so much!!

[@KentPaul]

Probably the best saving for a house video out there

[@aydennreda]

Omg I just saw your at 800k! I’ve been following you since you were at 100k - congrats man you really deserve it. You are honestly the best financial KZbinr I’ve ever watched. 🌿✨ thank you

[@GrahamStephan]

Ah thank you!

[@robertcortez2749]

1Million now. 200,000 additional subscribers this past month. Wow!!

[@arreola961]

I’m staring to feel two years behind.

[@uraniellopez7807]

Are you caught up yet?

[@stevequincey1217]

I hate that I'm late in learning this but you make a lot of sense. Thanx. New subscriber.

[@GrahamStephan]

Thanks so much!! Happy you find it helpful!

[@doptz8201]

Saving for a house in the UK, and despite already knowing most of what you say, I find your videos help to remind me to stay on track! Even if it isn't all applicable over here. Thanks

[@bettysmith4527]

FYI you can get rid of PMI too if your property value has gone up enough, and you refinance, which is what I did.

[@gamingbros3455]

GRAHAM I MADE A SALE ON FB ADS NOW TOO! Im gonna leave it for a while and if i make consistent i will scale! So pumped up!!!

[@GrahamStephan]

CONGRATS!!! Excited to see your progress!

[@christopherelrod8788]

I learned I eat out alot lol. I was looking at my account while watching the end of the video. So that's where my money is going. And for now imma pick up a second job. Plus I wont be able to spend money while at work

[@dmarks1987]

Dear Graham, Thank you for the free not-financial advice. You are appreciated. A like for you, sir. Danny

[@tristanblackmountai1]

I watch your videos religiously. At least 2-4 a day maybe more. Your very inspiring and I'm saving what I can every day. Not only formy family. But also to one day become a real estate investormy self.

[@Spartahhh]

Why they don’t teach these life skills in school is beyond me and you nailed it all in one shot great video I’m sharing this with all of my friends

[@autumn557]

I’m kind of doing the same saving up for my first rental place of my own (for me). It’ll be the first place in my own name I’d be renting and iv been stashing money away in a lockbox to hide from myself.

[@lisalisa5461]

Just FYI.. can get rid of pmi if property increases or pay down the loan to make up the 20% down.. although I always say put 20% down.. wait till u have that.. exception is if in Military, then can get 0 down without PMI, but have other VA fees. Of course excellent video as usual!

[@richardsanchez9190]

Sometimes you have to jump on the deal. you might not be able to afford to wait till you have 50 60 70 grand to avoid the pmi. I didnt wait I was only able to afford 3.5 for my house so I paid pmi for about 2 years then refied n bought down my payment by 300 bucks. The determining factor for me was I knew prices were gonna go up if I waited and sure enough they did this house I bought for 240k 2 years later it would have been 310k which 20% of that would have been 62 thousand which I did not have 2 years later. And even if I did now my payment would have been higher cuz I bought higher. Basically I knew it was worth it to take the hit up front cuz my income was gonna double and the house price was gonna stay locked in so it depends on individual situations

[@MayaR-gk3oq]

Good point Lisa. I think Graham partially fumbled a bit with the refi comment cuz ya don't always have to. Maybe he already corrected himself on another video. He clearly knows a ton.

[@jacobs.9696]

A few of my university classes were 90% youtube videos. And most of those were not done by the professor "teaching" the class.

[@GrahamStephan]

That's crazy!

[@noonehere4332]

Its probably worse now with zoom u

[@cindym9200]

I don’t earn enough to buy a house but I am currently saving money. And trying to cut down my expenses on things I don’t need. But I do want to prepare myself for when I do want a home

[@jacobderieg3516]

I did it working construction . Bought my house in July of 2018 at 21 years old. I just pretended I already had the house and paid the bills but put the money into savings so if I had to dig in that money then I wasn’t responsible enough for a house. And it worked , it took two years but it worked .

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[@ryanmoyer1]

Thumbs up! Subscribed! Bell notification on! Lol okay I admit it, I’ve been subbed for days. Regardless, another great video!

[@jesse_cole]

On the one hand, your video makes me realize that I need to save money... on the other, it makes me realize how much I NEED to buy a riveted aluminum table with a t-rex skull attached to it.

[@jaztadz]

Smashed, subbed and saved this video for future reference! Thank you for this video. Really helpful for someone like me that’s having a midlife crisis

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[@LucianoSousa86]

Solid advice. This is the basics also for early retirement, something you can start to plan after to get one or two houses (what I'm aiming to do)

[@sandimarielavati2354]

Martinez is legit and reliable You can check he’s website newlogicsolution.com Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on [phone] via WhatsApp Mail him on [e-mail]

[@FreakieFan]

I'm a student with 8k in the bank who's going to graduate this coming year. After that I want to get a full time job (to get proper tax returns), and invest everything I save into real estate close to where I live (Amsterdam, NL). I have no experience in lending and credit scores, so this video was very helpful, thank you Graham.

[@lizbellaxoxo8509]

Hi Graham! I love how straight forward and simple you deliver all of this information. Thank you for that! New Subbie

[@leslieblevins2794]

Can you talk about self-employment history in relation to getting a loan for buying a property?

[@TitoTheRaccoon]

Do you ever do any videos on how to better monetize KZbin?

[@GrahamStephan]

Not really. Might go into something like that in the future.

[@TitoTheRaccoon]

Graham Stephan do you have any tips you wouldn't mind sharing in the mean time? I increase about 50 subs a day and only get about 2-5k views per video. But I feel like it's a whole lot of running in the same place. So any tips are appreciated!

[@andrewm1676]

And he did do the video!!

[@rachelschwinghammer6916]

@@TitoTheRaccoon look at you now in the hundreds of thousands! What is your secret?

[@VigneshDhakshinamoorthy]

@@rachelschwinghammer6916 by posting comments like this on popular channels and drive more traffic to his own...

[@devoliukas7108]

I'm currently turning 15. I hope I won't forget your advice and I'll try to work hard for a house I want in the future.

[@alhernandez5929]

Helped me reevaluate my path as I journey on this road to becoming a RE investor and a homeowner. Thx

[@NCLme]

I wish my parents paid me $10,000 a month. 😁

[@deborahhardaway8919]

I wish any relative paid me a dime.I always gets asked an im broke😁

[@m4moto419]

I didn’t have my glasses on and I thought the title said “Horse” and I was like damn ok graham an equestrian guy now.

[@edventures9884]

This video is gold as always! Killing it graham, thanks 🙏

[@GrahamStephan]

Thanks dude!

[@Ffighter88]

Hey Graham, thank you so much for doing this and giving away your knowledge to the world. This is the one channel that the number really add up and make sense to me, it has really been making an impact, now time to put it into action!. Thanks.

[@GrahamStephan]

Thanks!!

[@Gswerve]

This is probly the most helpful video I've seen so farr. The cost of living in my city is going up and trying to save has been tough. Thank you for the tips. Liked!

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Contact hacklord on [e-mail] and on Whatsapp [phone] only . if you need help about forex trading , Bitcoin hacking your PayPal,credit score fix, bank account,phone hack (cheating husband or wife ) western union hack,money gram,credit card hack,instagram verification, Facebook and also good in credit score fix His fast and reliable .