Real Estate Investing 101: Top 5 Most PROFITABLE Renovations

[@MeetKevin]

Hey I know that guy!

[@TheRingNeckParrot]

That’s you... 🤦🏻‍♂️

[@altar1102]

Nonono u got confused... u dont know him

[@justing.3228]

You two are awesome!! Keep up the collaborations! :)

[@beetee4227]

You too are great!

[@user-so3uk9os4k]

i know him too....lol haha bro u are awesome

[@waltermercado9152]

I thought my house would sell faster if installed a stripper pole and a catwalk in the middle of my basement. I guess I was wrong.

[@GrahamStephan]

To the right buyer, that's priceless ;)

[@TechieTard]

I know what you mean. I spent a lot of money installing a complimentary meth lab...thought it would be fast to go, not sure what's wrong....

[@Domtronic]

Honestly not a bad idea. Graham we need a video on this one.

[@soytupadre7887]

😂😂😂👌

[@danutdracula]

Maybe you got into the hornets nest of rezoning got that commercial strip club business in your basement below your residential space lmao

[@rustyscrapper]

Don't forget to change all the grubby light switches and electrical plugs. The amount of time I spent trying to scrub the grimy finger smudges off light switch covers then you notice the grime is stuck in the creases. Light switch covers....$3for a dozen pack. Get your screw driver out.

[@christinesnitkin9619]

Yes. I had professionals paint my entire condo. Then I did the easy part of putting on new switch plates...jumbo, which looks more updated.

[@SMvegas83]

Why would you replace those? Take them off, pile them into the dishwasher and stick that puppy on light wash with heat dry. Problem solved.

[@simonmartinez8480]

My girlfriend literally always goes to the bathroom in the dark, so I’m literally considering getting that light up seat

[@GrahamStephan]

It's the gift that keeps on giving

[@ash7324]

Literally?

[@RenaldotheRealtor]

5:48 Kevin: "it's the labor that's what kills you!" *Literally starts dying* 🤣🤣

[@spinLOL533]

Woah the model X with the doors up for a video is dank

[@GrahamStephan]

Yeah it turned out EPIC! We forgot to get drone footage that day, though :(

[@jamesweiland3214]

I was thinking the same thing! I turned to my four year old son and said, that's a sweet looking Tesla X. He said to me, "dad, that's a helicopter." I was happy he said that.

[@OscarMartinez817]

Literally whenever I'm ready to get into my first real estate purchase, you will be the one i have to think for everything bro keep up the good work 😁💪🏼

[@erichh9073]

Did you buy anything yet?

[@erwina4738]

I saved this video a year ago and im finally now looking to purchase so im revisiting this vid. I should have something by January starting the new year right!

[@bryandennis7851]

@@erwina4738 hopefully that will be me in a few years, good luck.

[@erwina4738]

@@bryandennis7851 Thanks man, I have 1 more week till closing. I hope all goes well and I can report back in 1-2 weeks saying I finally own real estate. And tbh if you create a savings plan u can get there sooner than you think!

[@Real.Estate.Report]

Erwin F congrats on your closing!

[@constructionmanagement5661]

Very important note: “laminate” flooring and “luxury vinyl plank” flooring are two very different products. Luxury vinyl plank is far superior. It is solid vinyl and scratch and water resistant. Stay away from laminate flooring.

[@xXRealXx]

Thanks! Now I now why my flooring sucks.

[@justinfreeman4614]

There's also a luxury vinyl tile options and a presumably new vinyl sticker sheets. I haven't used that last one yet, but my realtor showed it to me the other day and it seems like LVP meets linoleum. You get luxury vinyl, but the material is cheaper and installation is easy. If anyone reading has used it, let me know how it went for you.

[@molondon3071]

Homebuyers prefer hardwood it looks better

[@brianbecerra9735]

@@molondon3071 expensive but easily scratched

[@benmartin3180]

Powder room = Cocain room.. duh

[@GrahamStephan]

Ohhhhhh now it makes sense.

[@CertifiedZoologist]

Another Ben Martin that's into dedicating an entire room to doing dubious amounts of cocaine in. Nice

[@gamenessfirstinc.2097]

That's how crackheads see it!!! But the powder room come from the woman powdering her face with make up!!!

[@arielleparkerfargnoli4452]

Ladies used to go and power their noses... AKCHULLLYYYYY MEANING to do their makeup 😁😬😅

[@aquasun3]

Lol

[@paintballjunkie65]

What you do, is hide the timer for the sprinklers, and set the time to come on at 3am lol

[@MeetKevin]

yes!! out of sight out of mind!

[@GrahamStephan]

Brilliant.

[@Granh6411]

Savage!

[@spicyshizz2850]

Jay S 😭

[@jacksugar_]

Graham: This dude is in a suit and everything I better try and dress up from what I normally wear Also Graham: *puts on sunglasses* That'll do it

[@KILO993]

Great tips. As far as the landscaping, I agree that the minimal upkeep is best. However, I find I can get more out of my tenants when I swing by every month to either do a quick inspection of the utility room or pickup the rent check to just give them a $15 gift card for coffee or something and say, "Lawn is looking great, thanks for taking care of the house". Tenant gets positive reinforcement to be on-time with rent and to have the lawn cut. Plus I can write off the gift card :)

[@daisyhinojosa23]

1. Kitchen (counters, cabinets, handles & hinges) 2. Flooring (laminate wood imitation) 3. Bathrooms (not too cheap counters) 4. Lighting (dimmable, retrofit LED, scrap off popcorn acoustic ceilings) 5. Landscape (clean & presentable) *6. Moldings (around doors, windows, 4inch MDF craftsman style baseboard)

[@markj.3449]

Great video, liked the tips. For anyone reading this...It’s a small one, but I noticed many buyers/renters like a renovated front door (smooth operating locks, painted a bright color like red, new house numbers, etc.).

[@MeetKevin]

yes! #agreed

[@GrahamStephan]

You're totally right - didn't even think of that!

[@kfstreich4787]

It never hurts to have to buy some extra flooring and keep things consistent, try to find some flooring if it is modular that is around for the long term, keep paint a consistent color so if you need a quick patch you can grab your one can of paint, if you have a small area of floor damaged you can replace the one section, with a bunch of labor. Painting tile, it's quick and cheap, and it can scratch, do not get a custom color, and ask for patch paint when you get it done, the Tennant will damage it. Inside sinks around the drain will peal if it holds water.

[@wendysharp8354]

and extra tile if you re-tile.

[@SpicerCapital]

That’s cute! I see what you guys did there…! It’s cool, I like it when you two collaborate. Should have released them at the exact same time!

[@GrahamStephan]

Haha thanks man! We thought about doing them at the same time, but didn't want to throw people off with two videos on opposite topics at the same time!

[@SpicerCapital]

Smart. So right when viewers are done watching Kevin's video, thinking, "man, I wish that video was longer, I want more!" BOOM! There you are with their fix. Well played. You guys are pros.

[@SpicerCapital]

😂 I saw this come up that you were replying here on Graham's video and I thought the exact same thing: "IQ is everywhere!" Graham and Kevin actually helped me with a video! I really appreciate them. Did you see the one with their cameos? In case you're interested: kzbin.info/www/bejne/eWOcqpdrl52Cnck I guess I'll be seeing you around, IQ!

[@Ndasuunye]

What did they do there

[@jacobfreeman5054]

Graham Stephan it’s always better to release at the same time! ;)

[@Bwilly04091]

I can’t tell you how much I have been looking for a video that goes over the best renovations for a rental. I have contemplated what I should with my first rental so this will be my framework. Thanks for all the content you constantly put out and keeping it real.

[@GrahamStephan]

Glad it's helpful!

[@andrewalson4457]

I haven’t seen this same video on many (any) other real estate youtube channels. That said, I have been thinking about this topic a lot lately as I’ve been researching BRRR and how to maximize each step of the process. Will be sharing this one with my real estate friends - thanks for this great content.

[@andrewalson4457]

The vest button was great information as well. Packed with knowledge, this video.

[@GrahamStephan]

Thanks so much Andrew!!

[@MeetKevin]

Thanks Andrew! Minus the vest part :P

[@andrewalson4457]

Meet Kevin So happy that Graham has turned me on to your channel Kevin! I am excited to dive into your library of content. Gotta love the butterfly doors on the tesla too!

[@MeetKevin]

Awesome Andrew thanks so much!! Now if only those falcon doors opened faster 😅

[@adamv6753]

I painted mine. Key thing is do 2-3 base coats and 2 finish coats. Let it fully dry in between. Added hinges and granite counters (tiles were cracked). Under 5k total. Increases value a lot

[@concertedreaction]

Still saving up my first down payment as a renter, about to move to Vancouver to start a career as a mortgage broker, and I will definitely reference this video again when I get my first place and I'm looking for where to start, super helpful so thanks. Also, as a renter, I will concur landscaping makes a huge difference. Before even arranging a viewing I like to look at a place on Google Maps street view. A well maintained landscape (not fancy, just well kept) shows that the owner/manager pays attention to detail, and gives me confidence that there won't be problems with the rest of the unit. As they say first impressions are everything, and the landscape is the first impression of any real estate.

[@JacobPuthoff]

Graham, I didn't know you were friends with James Franco. Cool!

[@MeetKevin]

hahaha love it thanks Jacob

[@GrahamStephan]

LOL

[@chandana5731]

All I was thinking the entire video

[@bas3386]

What I've learned: your tenants behave like animals, so prepare your property around that haha

[@TylerDalton]

What are your best tenant proofing tactics?

[@Falcodrin]

@@TylerDalton install walls made out of plywood instead of drywall

[@adezii1397]

@@Falcodrin seriously???? Hahahahahhaa

[@Falcodrin]

@@adezii1397 it's a valid idea

[@lw3269]

Yep. Seemingly "nice" tenants brought some guy to live with them, who brought bedbugs with him. Lesson learned. Hope for the best. Expect the worst.

[@Idkbkn]

If you’re going to buy vinyl floor, Always buy a few extra boxes just in case they don’t sell them anymore. Way cheaper than replacing the whole floor

[@miykaylataylor2893]

It was awesome seeing them both together explaining real-estate. Hopefully they collaborate more in the future 😅🤣thx

[@grayjd2]

I agree with Graham on the vest

[@jamesdeininger3759]

It depends on how many buttons are on the vest. If there are 7 or more buttons, then you don’t button the bottom one. Button all of them if there are fewer. Bonus tip: Button every button on a double-breasted vest, tuxedo vests, and other black-tie attire

[@elderbocardo]

Kevin Stephan is the best RE idea ever to learn in an honest way. Thank you both!

[@InvestingHustler]

You two are killing it , Name a more iconic duo besides Kobe and shaq lol 👌

[@GrahamStephan]

haha thanks man!

[@MeetKevin]

ah super cool comment thanks hustler!!

[@DiscoFang]

Bert & Ernie (oh, I went there.)

[@aaronbuckets1326]

BitConnect and extremely smart intellectuals

[@robmassopust4902]

Batman and Robbin, Wren and Stimpy, Beavis and Butthead [JK:)

[@fazdoll]

On my block, the houses have walk-up basements (separate entrance), so the best thing to do is to renovate the basement to make an efficiency apartment that someone can rent out.

[@GrahamStephan]

Awesome!

[@vicentevaloiz1407]

I have a backgroung on Air conditioning, kitchen remodeling (cabinet installation, refacing and granite installation and fabrication) and electricity (because I am Mexican) and yes I have all the tools to do it, I am hoping that will help when I start buying homes like you :), I appreciate the videos, like button smashed....But Graham :/ hahaha

[@valrath84]

Thanks for posting this man. I currently have my mortgage paid off and we are saving up to add onto the house i found this helpful

[@Swordie100]

Graham knows what's up. No bottom button on a vest, period.

[@jacobfreeman5054]

I scrolled forever waiting on this answer thank you!

[@Swordie100]

@@jacobfreeman5054 I don't even know how I came to know of this. But everyone should know that haha.

[@connor1625]

When laying laminate down rub some bee's wax along the tongue and groove, stops the flooring peeling up from water spills.

[@RdGrnBlu]

Those popcorn ceilings might have asbestos by the way, be careful when you're removing them

[@scotchandyoda3925]

Thank you for addressing the vest button. I was distracted throughout the video. Good stuff!

[@rashidkifayat7232]

Kevin's channel introduced me to Graham's. Thanks to both for awesome content.

[@GrahamStephan]

Thanks so much for watching!!

[@ericmoreno1477]

Perfect timing on this video! Lol I’m about to scrape off all the popcorn ceiling, remove the carpet and paint but I didn’t think of the trim! Definitely doing it all at once, thanks broski! Oh and July 4th specials at Home Depot!! 4 new stainless steel kitchen appliances for 2500!

[@jessicaburroughs5763]

LED toilet seats and vest unbuttoning tips? So many things I didn't know I needed to know!

[@abdelhak50]

Best real estate collab on KZbin

[@Nraw08]

There they are! Graham brought out the big guns! 💪🏾 💪🏾 But seriously... Graham and Kevin are the Jay-Z and Beyoncé of real estate. Change my mind. 💁🏾‍♀️

[@GrahamStephan]

haha thank you so much!

[@tionsolace]

They're both men LOL

[@Ndasuunye]

And not married...........m

[@kingpalafox1045]

Will, more like the Shaq and Kobe of real estate.

[@greggschroeder]

Great advice. But please don't destroy cool vintage Mamie Eisenhower pink bathroom tile.

[@sebme101]

I'd disagree. As a renter when I see a place with this tile still I just skip it because it reminds me of living college dorms still instead of a nice place of my own

[@greggschroeder]

@@sebme101 Very cool mid-century dorms!

[@sidpaul8231]

Please do more vids on renovations & keep up the good work!

[@GrahamStephan]

Thank you!

[@midnightsun2085]

I honestly love you guys. Seriously, I wanna to see more videos with you guys. It's like watching Jim Halpert and Michael Scott dealing with property and not paper. 👌

[@GrahamStephan]

Thanks so much!!

[@AArrad]

Damn Graham seems pretty chill in his videos but I cant imagine when hes trying to upsell a house. Kevins laughs and descriptions almost follow the sleezy salesman stereotype to the dot, not saying he is one, just saying the real estate agent job usually favours an image for you to follow...

[@noahkrietsch5983]

These were great tips guys. Appreciate all the specifics too like the LED retrofit lights and the luxury vinyl.

[@GrahamStephan]

🙌🏼

[@jdrou]

Love the Tesla😍

[@tonybloomberg2962]

Meet Kevin brought a whole hardware store for props. 😂

[@RTreasures]

I don’t sale property but as someone who use to own my own home and then went back to renting this is spot on!!!

[@GrahamStephan]

🙌🏼

[@Antonio-os7eh]

Whatup fellows!! Tag team, love it!!

[@GrahamStephan]

THANKS ANTONIO!

[@MeetKevin]

thanks man!!!

[@vegita319]

Damn back when Kevin only has 31k subscribers! Dude has come a long way

[@rickmagana4891]

Hey Graham, great content i have watched all your vids since you started, any advice for the real estate exam? I am in Los Angeles

[@GrahamStephan]

Take some exam cram study materials and practice tests! Otherwise I’m sure you’ll do fine :)

[@lukewilliams9772]

The advice that you guys give out is world class. And that's no joke. Major thanks.

[@GrahamStephan]

Thanks so much Luke!

[@altar1102]

Thanks guys, good info... looking forward to see more of those

[@GrahamStephan]

Absolutely!!

[@cougarbandman]

7 grand for a bathroom renovation? We talked with Rebath about replacing a bathtub with a walk in shower. They wanted $12,000 just to replace the shower. An additional $4-5,000 to replace the vanity.

[@MegaGangsta4life]

I love the synergy you guys have

[@GrahamStephan]

Thank you!

[@zad08]

Starting up my own real-estate business soon. I am definitely grateful for your vids. They will come in handy! Thank you!

[@GrahamStephan]

Ah thanks!

[@michaeld954]

Any advice for mobile manufactured homes

[@randyscott3386]

Kevin is right , you don't button the bottom button on a vest . You guys are awesome .

[@calimade8526]

Bottom button always open. Even if you won't be sitting much. I guess if you were going to Hillcrest or West Hollywood it would be cool.

[@RealHankShill]

Single breasted vest, bottom button is unbuttoned, with the exception of formal white or black tie wear, which is fully buttoned. Double breasted all the buttons are buttoned. It really doesnt matter because its just style, AKA, it changes lol. The reason you dont button your bottom button on vests goes back to a guy that was too fat to fit in his vest, and started a trend. So if you desire to wear a vest but a bit more casual, you unbutton the bottom button.

[@rollover36]

OMG the vest, and with a green tie! You couldn't pay me enough!!!

[@NateGotKeysUAD]

Tesla

[@MeetKevin]

Tesla Helicopter

[@boykaunlimitted4514]

I can’t believe info like this is for free on KZbin!

[@GrahamStephan]

🙌🏼

[@zachmorgan8685]

You guys seem like you’d be cool to hangout with, but like you, I don’t really spend time to go out. So doubt we’ll be linking up soon🤣

[@socialsupply]

I really like this video concept. Keep it up! I’d love to see more videos like this explaining ROI tactics when investing in real estate.

[@GrahamStephan]

Thanks so much, definitely want to do more like this!

[@mitchellmccauley160]

Love kevin!

[@GrahamStephan]

🙌🏼

[@davidossinger8183]

Nice, thanks for the ideas. I've got a tip for scraping popcorn ceilings - Wet them down with a light water mist from a garden sprayer. Softens the plaster making it easier to scrape off, eliminates airborne dust.

[@GrahamStephan]

Yes!! Good idea.

[@hom-sha-bom]

Thank you for making this video. Having no clue at all what to do with rehab/renovations has been one of my biggest mental blocks and this helped a lot.

[@GrahamStephan]

I'm so glad it's helpful!

[@beaviswealth]

My friends and I were having a debate the other day about how much value a pool brings to a home. Any thoughts?

[@GrahamStephan]

Totally depends on the home and location. Pools = more maintenance for the landlord, and higher utility bills for the tenant. Higher end areas ABSOLUTELY can command a pool. Put a $200,000 pool here in Hollywood and you might be able to charge an extra $2000+ per month for that house. Put that pool in a lower end area, and it might be a total waste of money since you won't be able to get the ROI from that cost. So it's location specific.

[@beaviswealth]

Makes sense :) Thanks

[@snowSecurityneeded]

and as a homeowner, it's the worst investment ever. you don't realise how much effort it requires in maintenance until you have a great idea to add a pool to your family home that will totally get used all year round...

[@kingpalafox1045]

Brandon Beavis Investing, it doesn’t. It just cost more. It’s a waste of time to debate about!

[@user-uv1pi4ew7f]

Theese 2 are my favotite realestate investors

[@martinherrero933]

Both of their laughs were the same tone

[@robmassopust4902]

Just did the exact same thing, remodeled a pink tile counter top and used the acrylic paint and looks great!

[@GrahamStephan]

🙌🏼

[@Thejohnhou]

When I close my eyes, Kevin sounds like Ryan Reynolds.

[@GrahamStephan]

😂🙌🏼

[@TheOneAboveAllx]

Hi Graham I m 15 years old and from India I absolutely love your videos and think that you provide more value than most in your niche...actuaIly I love your videos so much that i have watched 154 of your videos and that also within 3 weeks!if you have any advice for me I would love to hear it!

[@GrahamStephan]

Thanks so much that's amazing!! Oh man, I think all my advice would be in the 154 videos haha

[@TheOneAboveAllx]

Lol

[@foggybottomz]

Great advice, thanks. Any thoughts about converting a regular type of lawn to xeriscaping? Like how to DIY or advice on what to look for in landscapers? I live in west Texas which has a semi arid climate. I think it's wasteful for people here to tend to their grassy lawns in addition to the idea that a xeriscaped lawn is easy for renters to maintain. Glad y'all showed how to easily update the hideous tiled countertops which I've seen in so many houses here (I grew up in Houston).

[@GrahamStephan]

If you’re into it I’d do it yourself. Plenty of KZbin tutorials out there. It’s a weekend of time but I enjoy that type of work!

[@banahlee]

Darn

[@GrahamStephan]

2 second away.... * tear drips down *

[@MeetKevin]

B!!!

[@phstutoring6667]

Thanks for the vid, could you do a video on how you evaluate or vet contractors? Would love to see your process on how to put a good team together

[@GrahamStephan]

Sure! Next video.

[@iaskaterwhos12]

So we don't eat the popcorn?

[@GrahamStephan]

Not without buttering it first! ;)

[@joeo7257]

Antoio from Real Men Real Style knows the defiant answer concerning the bottom button. He is the style god!

[@saulgoodman2018]

Something about a guy in suits I don't trust. It's almost like they're trying to BS you.

[@KellanJames]

Kitchen and flooring are sooo key. And they don't even need to be expensive! 1:15 - exactly. Paint the cabinets, add new handles, and swap out the countertop, it looks like a new kitchen, especially in photos.

[@GrahamStephan]

Yeah the kitchen reno you did was awesome!

[@Jebusmike3]

BOOM!!!!

[@GrahamStephan]

Thanks for watching, Michael!

[@rmonteiro3854]

Luv this video Graham n Kevin...awesome content n collaboration!!

[@rubiolivia2302]

Wow

[@GrahamStephan]

7 seconds too late :(

[@bencodes3929]

the kitchen is a depreciating asset

[@MrMegaGigaTeraPeta]

wow. you guys are awesome. can't wait to buy and custom my first property! keep up the good work!

[@GrahamStephan]

Thanks!!

[@sunnyraj4564]

Kevin sounds and looks so cheezy. Graham seems pretty likeable.

[@strokerace4765]

Just put in 18x18 Luxory Vinyl in a rental restroom, paid $30 for the tiles, left extra tiles beside dryer.

[@adammasatogoldsmith8175]

I appreciate the insight, but the way Kevin talks down about “renters” just reeks of privilege.

[@ethanbrooks6809]

Adding onto the kitchen part: you can buy waterproof stickers for countertops off Amazon for $20-40. These sticker can be designed to look like pretty well any surface and any colour. Honestly calling them stickers doesn't do them justice, they are very thick, use a high quality adhesive, and aside from texture are indistinguishable from real granite or marble counter tops. These sticker are massively cheaper than getting a new counter top and only need to be replaced every 2-5 years depending on the quality. I'd highly recommend everyone have a look before getting a new counter top.

[@sweet77761]

Question, are these renovations done through bought labor or personal labor?

[@Lawgiver19]

*cough next up and coming youtuber*

[@GrahamStephan]

🙌🏼

[@persikiclingstone1231]

Powder room, usually a first floor bathroom or half bath close to the social areas in the house. Used for guests.

[@derekwallace1955]

BRO, next time you scrape them popcorn (acoustic) ceiling wet it down with water. its a LOT less dusty and fall straight down instead of fogging up a room. get a little hand pump bug sprayer/weed sprayer from the lawn and garden section. it is amazing how much easier it specially on the clean up. just dont over spray..

[@GrahamStephan]

Very true!

[@angelsfan1514]

I absolutely loved this video

[@GrahamStephan]

Ah thanks so much!

[@NachoTV]

Sometimes IKEA also has some good deals in their clearance section buts a hit or miss. Although one time I did find a rolling cabinet for $15 that i was able to flip for $75 all because it was a rare color.

[@GrahamStephan]

Not a bad ROI!

[@clallen2000]

Using imitation materials makes sense. Much of the imitation stuff has been engineered to be more durable than the real thing. Once you begin to realize how many things are fake today like CZ Diamonds, high quality fake Rolex, photoshopped models, fake gurus, etc then life becomes easier. Things like Brazilian marble are most likely just a slightly higher type of marble and it was rebranded to sound fancy so the price can be marked up several times. I saw a branding show and they demonstrated how you can take something like a good tea and rename it to Arizona ice tea and then charge a premium and the ice tea isn't even made in Arizona.

[@user-ux9nh2wl2x]

You forgot tits

[@Octavio516]

My mom recently remodeled our whole kitchen. Spent about 4k for marble and new cabinets. We bought our house for 30k and now its 100k

[@mpb0406]

I had an argument with a coworker about this. No, you do NOT button the bottom button on a vest just like you wouldn’t with a suit jacket.

[@jayc4715]

I took Grahams tip of adding recessed lights since already doing Popcorn ceiling removal its my favorite upgrade.. Especially if you add a dimmer switch

[@GrahamStephan]

🙌🏼