Discussion: How to invest in Real Estate
ฝัง
- เผยแพร่เมื่อ 14 ต.ค. 2024
- In this discussion, I share EXACTLY what I look for when investing in real estate. This comes as firsthand experience of my own investing strategies, both from what I’ve learned as a landlord of multiple rental-properties and as a high-end Realtor.
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Since clickbait sucks…here’s the entire video summed up:
1:00 - Loan options. I generally recommend a residential loan and sticking with 1-4 units. After 4 units, the loan is considered commercial and carries a higher interest rate, higher down payment, and more qualifying restrictions.
2:12 - Single family residence vs multi family building. I generally prefer multi-family residences, but be wary of future rent control restrictions depending on your location and city regulations. I also explain how to live for free - live in one of the units and rent out the others. Generally this will cover almost all of your costs. Free housing!
4:40 - Conventional vs FHA loan. I prefer a conventional loan over FHA, as convention loans have lower fees, lower interest rates, and generally offer better terms than an FHA loan. FHA loans could work depending on your situation, but it ultimately comes down to the term and interest rate of the loan.
6:53 - How I search for properties. Everything I find is through the multiple listing service (MLS). I personally like to see everything as soon as it comes on the market, but I also look at properties that have been on the market awhile as they might be more flexible in price.
10:55 - What times of homes I look for. I personally go for homes that just need cosmetic remodeling. Kitchens, bathrooms, floors, landscape, and paint are very easy to do and doesn’t take a lot of time to do. It also adds a lot of instant value by remodeling these areas - plus, many buyers overlook homes that need minor remodeling.
12:57 - What areas I invest in. I invest in areas that are surrounding other high-priced areas, since development generally moves outwards with time. I do my best to predict the next “boom” areas where development and business money is moving in.
15:15 - How i calculate if a home is a good investment. I like a mix of cash on cash return and appreciation. In addition to this, I like a home where I can add value through cosmetic remodeling. This way I make an immediate return on equity, I can make some passive income from rent, and future appreciation on the home’s value.
20:30 - What area I like to buy in. I make sure the home isn’t on the same block as an apartment building, a business, a busy street, or a street with speed bumps.
21:40 - How to calculate your rents. I like to use craigslist to compare what other units are renting for.
22:30 - Out of state investments. Personally, I wouldn’t do it.
23:11 - Is a property manager worth it? Sometimes - I don’t really use one, but I would in the future.
24:50 - BUILD YOUR CREDIT SCORE. This is so important.
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Suggested reading:
Your money or your life: goo.gl/fmlaJR
The Millionaire Real Estate Agent: goo.gl/TPTSVC
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
This is what we need, Graham you are an inspiration but also act as a bit of healthy competition ;)
Haha thanks, Shawn - competition is good :)
My man back at it again with the extremely helpful videos! Congrats on 20k!
+Diabetic Aesthetics Thanks so much bro! Gotta get back to your email as well!
No worries brotha, take your time! Your schedule must be hectic with all that's going on. Looking forward to your next upload!
bro you reached 10k just 2 weeks ago now you're almost at 20k! Keep sharing good info
IT'S INSANE! It grew way quicker than I thought was possible.
17:34 I live in Lancaster, if you ever wanna check something out over here but don't wanna make the drive hit me up!
Thank you for the offer, that's really nice of you! Not buying anything out there for now, but I'll certainly keep it in mind!
GrahamStephan No problem
The advice you gave in this video is priceless. You should do more videos like this where you answer questions. Great video by the way, thank you.
Thank you! I'll definitely be doing more of this style!
Dude, you're the best. I'm soaking all of this, I'm currently 15k into my down payment saving!
That's awesome, keep it up!
Dang 15k ....
This was very helpful Graham keep up the great content👍🏻 I invest in 30K-50K properties that need light remodeling like floor, paint, landscape etc (which I do myself) I've never used more than 10K to remodel. After the remodeling my properties sky rocket to over 100K and I rent them out and keep investing in new properties. Like you said, Clearance and Sales aisles in Home Depot and Menards is the way to go to do these touch ups😉
+Jalados Vip That is AWESOME! That's literally the exact same thing that I did. What areas are you buying and what rents do you normally get?
I invest in the suburb Chicagoland area and I rent my single family homes for $1200/month and my multi family apts for $850/month. Currently bringing in $4000/month just from my rents and I also work a full time job! Your videos have taught me and my kids valuable real estate and life lessons. Thank you so much!
That's amazing cash flow, dude...wow, I wish I could achieve those numbers in Los Angeles. I'm finding it takes about $250,000 to get about $1500/month...terrible returns, but appreciation has been amazing. Thanks so much for watching, really appreciate it!
Might not be a very exciting video for everyone else, but honestly one of my favorites. Very informative as ALWAYS! If your ever feeling down, just remember how much we all appreciate you!
+Colt Crist That seriously means so much for me to hear, for real - thank you for saying that, I'm really glad you enjoyed it!
Wow just found this great channel after my first day at new job. I'm now 18 and I had this one year period of just sitting and wasting time on computer. Once ill have built up some money i sure will start investing of some sort. You make really good and motivational videos. Thank you so much! Respect from Finland!
Thank you so much for watching, glad you find them helpful!
craigslist flips are very profitable. you can start with cell phones and such. just learn all about waht youre buying to make sure its not stolen, it has real value where theres a lot of buyers (antique dolls and shit wouldnt fit in that category) and pay cash. A lot of people will accept cash up front for much lower what they ask just cuz they wanna get rid of it. I buy and sell ATVS, snowmobiles, and vehicles and make 1-2k per flip. All for buying something and waiting a bit til it sells for profit. passive income at it's best. in 13 months i went from 3000 to 17000 net worth from my job and flipping
Thank you for your advice! and actually my older brother used to do exactly that (selling phones etc.) aand unfortunately he ended up buying a stolen phone..
Dude... Where did you get that jacket? I need it. Also, excellent content. I'm 20 years old working at a digital marketing agency and going to college full time. I've grown an interest for real estate investing and you have given me a lot of valuable insight. Thanks.
+Cody Martinez Thanks dude! The jacket is from Zara - they've got some great stuff there. Thanks for watching, glad you enjoy it!
Hi Stephen, can you do a video on the entire process of a real estate transaction?
Yes! Was planning on it!
DAMN GREAT INFO! I live in LA and recently caught an interest in Real estate. I'm working on getting my real estate license and hopefully learning the business while employed in the industry.
I believe a video on investing and saving for down payment for teenagers like 18 to 19 year olds would be extremely useful and it's demanded a lot as well! Love your work
+Haseeb Butt Thank you! I agree - that'll definitely be something I'll do.
Read "set for life" by bigger pockets.
Thanks your this! I've always been a despiser of credit and as I took notes throughout this entire video the biggest thing I got out of this came from the very last thing you said and to sum it up, "Work your credit, Don't let it work you!" This is why I never skim through your videos! Great Content!
Thank you so much man, means a lot to hear!
GrahamStephan No problem and it’s definitely an inspirational moment for me to be acknowledged from you while i’m still bing watching and taking notes from your videos and I always say thanks after watching them to show how much I appreciate the content lol a simple like doesn’t do justice! This is just really appreciated information for me, thanks again man your really serving a great purpose on here!
Hey Graham, my names Andrew. I am active duty US Airforce stationed overseas. I will be back in the states this year and I plan on investing in a house to generate some passive income. I just want to say thanks for making these videos, they help so much for people like me that are trying to understand real estate in general. Keep up the great work man!
+Andrew Rivers Thank you so much, I'm glad you enjoy them and thank YOU for your service!
Amazing video - I loved your practical advice in this Graham. I want to see more stuff like this! I'm in the same position as your guest on this show - looking at areas under $500k around LA (like Lancaster, San Bernardino, Santa Clarita, Simi etc). but I'm open to out of state stuff: particularly in Mesa AZ, Maui, Texas (the big cities), Denver, and SLC.
Thanks so much!!
Appreciate the knowledge Graham! I love your videos man, I have obtained a great amount of information. I also enjoy how you present yourself in your videos. You are never trying to impress anyone, but rather help all your viewers who have an interest in real estate. Thank you!
I'm finally ready to buy my first investment property and this was the first video I had to revisit for all the valuable advice. Thanks Graham!
Congratulations on being ready to buy something! Glad it helped!
This is very helpful, we invest in SFR and are looking to expand into MTF. You answered a lot of little questions i had in mind, Thanks boss.
+Matt Barnett You got it! Where are you investing in SFR? Were there any other questions I hadn't answered?
We are investing all through Southeast Michigan. You answered all my questions for the time being, Thanks again.
I found it interesting how you're having your properties managed passively right now, and how you found highly-rated contractors on Yelp. Sounds like a great system you have going!
Thanks, Kellan! The beginning was frustrating to find people - I went through several contractors because their prices were too high or they never showed up (seriously), but after some searching I found a good group to work with.
Love your content Graham!! You really motivated to get started on my own channel! Please keep it up!
I'm so happy dude, checking it out now!
LIKED...watching now, keep it up
Dude that's crazy I wasn't expecting that... thank you
Of course, happy to see other people taking action and making shit happen!
Man, such a insanely informative channel. I can't wait to get into investing and real estate! So excited!
Thanks for watching!
Very good video Graham. I've been following you from the beginning. Keep the good stuff coming.
I enjoy watching your vids while i'm having some tea. 💯
A video on how to invest with OPM or how to step into the real estate market with limited funds would be amazing!
Sounds good, I've got a lot of video ideas but will try to make one of them about this!
Multi-family is the way to go to start. Young guys should definitely take advantage of that to start. Live rent free and take that cash to do the next deal that will be smaller so get as many units on the first shot.
+Duane Bethea 100% agreed. I'm looking to do the same thing myself this year. I bought a house last year, but want to go the multi family route - rent the house - and rent the other units while living in one. Rent free!
You mentioned that you would never buy out of state. But would you ever consider investing in on a property out of state? whether that be a 50/50 deal with someone just getting into the real estate, or expanding your portfolio per say. Loved the video. I definitely took notes.
+Patrick McGuire Thanks so much! I'm not interested in partnering at the time so investing out of state in that regard is out of question. Too many complications and I'd rather it all be on me. Nothing wrong with going out of state but for me, I'd rather just invest around the areas I know the best.
Thank you always for informative videos. I have seen too much ad-hidden videos that just lose the creditably of its contents . I stumbled upon your youtube channel and I love it. Keep up the good work. Just quick question to ask. Is it better off investing index fund mutual fund. you mentioned in other video that you invest sums of money on index fund. What is your thought and how much is the minimum in terms of bringing profit for people like me who just started working as a recent college graduate. Thanks
+KyoHong Lee I totally agree with you in terms of ad-ridden content, I can't stand it. I automatically click out as soon as I see it's some type of hype for some bullshit e-book or program. As for your question, I prefer index funds vs mutual funds. Less fees because their less actively managed. As for bringing in a profit, I recommend their minimum buy-in...I believe it's $1000 for some of their target date funds?
Thank you !
All valuable information but @15:10 he asked "How do YOU evaluate a potential investment to insure the numbers makes sense?" He goes on to ask if you use a spreadsheets, type of metrics etc... I don't know if you miss interpreted or were avoiding that question but the answer was extremely vague. I was hoping you can elaborate on that question or even make a video on it.
Great post. Is it better to buy flip sell until enough capital is accumulated to be able to afford to buy 2 or three rental properties? putting 20% down on three properties could be 300,000$ , so shouldn't you flip and sell a couple houses first to help gain some capital?
These are some of the questions i was having im glad i stubled across this. My main question was the "how do you find good locations". I live in Kansas City, mo so i was trying to relate by thinking of new constructions and developing areas
You weren't lying- 27 minutes. Can't wait to watch this.
LOL...I actually edited some parts down so it wasn't 30+ minutes!
Little production value?! This video was great Graham. Really deep, and informative. Plus the fact that you showed us that you were on a real phone call with your friend talking about your investing strategies. I don't think it can have anymore value than that. Shows that you're real and not a phony just blabbin like some other people out there. *cough* tai lopez *cough* lol
+Donaciano Sandoval Thank you so much! I suppose my hesitation was that I wasn't sure if it would capture people's attention without b-roll, music, cuts, etc - but I'm so glad to hear I was wrong. The phone call turned out so perfectly and I'm glad it all worked out! Unlike some others *cough Lopez cough*
Hello Graham, I really appreciate the content you bring to these videos! It's in many ways useful to me personally. I'm currently a 19-year-old real estate agent from GA and struggling to get continuous business or any business at all. What kept you motivated even when things got rough? Continue the great videos and great work! props bro!
Same I'm a real estate agent down here in Florida and struggling as well but gonna bounce up soon
19 yrs young😎
Hey Edward, thanks for the question - I can't really remember things getting too rough, but maybe I've just had a positive outlook and that's helped me not even think about any negatives. The only thing that stands out to me is that sometimes I've gone MONTHS without closing a deal and it gets tiring, you feel deflated, like you're wasting your time and that nothing you're working on pans out. But thing you eventually close a deal and all those feelings wash away, but while you're in it - it's not a fun place to be in. Not being busy, not being challenged, and not having things work out is tough - doesn't matter if it's in real estate or any business. But I think if you look at the bigger, long term picture, you'll realize that any short term hiccups are just part of the game and that it'll all even itself out in the end. I hope that answers your question?
GrahamStephan
It definitely did, I get where you're coming from when it comes to seeing the big picture, the by product of that work well eventually be worth it. what's your insight on trying to multitask different avenues of business, for example i enjoy stock trading, mostly day trading and swing trading but I enjoy real estate at the same time. Is it a matter of organization or preference?? or is it more of sticking to one thing and becoming a great at it??
Oh look, another GrahamStephan vid... insta liked. Really though, awesome videos and honest content. Your vids were a catalyst, a turning point in my life. I hope to see you on the other side. Cheers
+Daniel Thank you and I'm so glad you enjoy them and find them useful! See you on the other side 🙌🏼
I’m really excited to get into real estate, I enjoy the informational videos you bring to the public. Someone who is willing to share the deets of their career is someone who can be trusted. Not many are willing to share tips and secrets of a specific market because of the competition it could bring, but you’re a good man Graham.
Awesome Awesome 👏. This was really helpful Gram.
I'm so glad!
When does the English version of this video come out? :*) OHHHHH, that's a video idea, going through the biggest Real Estate terms or making a financial literacy video. Young people like me would appreciate that haha
Interesting idea!
GrahamStephan PLEASE DO THIS !!!!!!
Ben Eph Great comment !!
what terms did u not understand?
Rent Controlled, FHA loan, and other stuff. I Googled it all, just thought it'd be a cool video idea for the future.
WOW, by far the best real estate investing video I have ever seen
YESS!!! MISSION ACHIEVED!
I agree with you on having sufficient downpayment. Over here in Canada, anything less than 20% and you have to pay CHMC insurance as well and most people fold that in to the mortgage as well. trying to save up on my first 25% to take my plunge into the real estate. It sucks that the real estate in Canada is quite on the high side making having a signficant downpayment taking a longer time.
Heard about the shooting, hope you and all your loved ones are okay!!
Yeah I heard about that - I live about 90 minutes away from it, but what a terrible tragedy.
Hi Graham,
Thank you so much it is a really nice video. You are very unselfish and did explain lots of details. You are very awesome.
Graham can I ask that i did see property on the market on trulia or zillow all the time, but it seems they only have the agents' number there. How can I directly contact the buyer? What do you mean that you can do it on your own that you don't hire a buyer's agent, does that mean you talk to the owner directly?
Have a nice weekend!
Thanks for watching! If a property is listed, you'll need to go through the listing agent - they have a contract with the seller that entitles them to market and collect a commission if the property sells, so that will need to be honored. As for your other question, what part of the video is that? I'm not sure without hearing what the context was.
Hi Graham, thanks for reply. Really appreciate it😊!
The other part also from this video , you said you don't hire a buyer's agent so you can cut their commissions. But then you said if a house is listed you have to go with listing agent?
have to ask, lol what is the watch!?!? I'm a huge lover of watches and loving some of the ones you have in your videos (loving the videos btw) but i have to ask which watch is that? I'm dying to know!!! keep up the epic work and great content
Thank you! This one is a 1969 Zenith El Primero A386...definitely my favorite one BY FAR.
GrahamStephan ahh thought it was a zenith but couldn’t be sure from this far. Beautiful watch. Great taste!
THIS WAS AWESOME! THANKS FOR SHARING. I AM LOOKING TO INVEST IN ABOUT 1 YEAR 1/2 IN SAN DIEGO CA. THIS HELPED SO MUCH.
+Melissa Lagos My pleasure, glad you enjoyed it!
Hey Graham, I love your content and just recently developed a passion for real estate. Sooo many things i learned growing up did NOTHING to help me financially and virtually teach me to work paycheck to paycheck cuz the "man" is against us and you cant make it anywhere in the system. I always wanted to break this and you have helped me so much... After following you for awhile i kinda get a weird vibe from this video. Every time your student presents something, you give off a body language tone that your very unhappy with the thought presented or your better than that. I'm not sure of your prior relationship but it sends a weird message. I like your image video and maybe that RAWness got to you.
All in all Your content is life changing, Thank you for providing it. I am currently chasing my licence due to you
Hey Tyler! Thanks so much for the kind words man, really means a lot to hear! Not sure what your referring to, I didn't pick up anytihng...but maybe it's different just compared with the newer videos. I've had a lot of practice filming since this one.
Awesome video really informative brought up a bunch of good points👍 keep it up!!!
+jkop96 Thanks so much, glad you liked it!
Is this a good investment to start with as a first timer in the real-estate market?
Hey Graham! Awesome video once again! Very informative and I really liked your idea of filming the actual discussion. Btw, where did you film this video at? It looks like you filmed at a fancy cafe or something, lol. I doubt that is this case, but where ever it is, that place looks nice!
Best regards,
Chris
+Chris No Hey Chris! That was filmed at my office, it's a cool spot that looks half industrial half hip cafe, it's a fun place to work and even better spot to setup the camera!
Wow! I just want to say you have a beautiful office! You must get a lot of work done there. It seems like a great place to focus!
Hey Graham, I am new to the channel here. I am wondering what you think about commercial properties? I am considering investing in a property that I am currently renting. This property is next to a property that my father owns, and believe it would be a decent investment as the properties would be worth more to us as a whole. I am wondering what would be a good way to approach my landlord and speak on the matter? Also how should I evaluate the property's worth?
I am completely new to real estate and am looking to start learning on how to set myself up and hopefully purchase my first property in the next 2-3 years.
I actually really like commercial properties. I have yet to invest in them because my priority has been residential, but there's certainly a good opportunity in commercial. I'd approach the owner and ask if he'd consider selling and if so, how much he'd like to get. Then evaluate if the money you could make on that is worth his price.
Thank you, I will try talking to him about it.
What are some preliminary steps I can take to prepare myself for an investment such as this. I know you recommend attaining 20-25% of the property value up front, and having good credit. Is there anything else I should be working on in the meantime?
Damn I love every single video's subject. Thank you!
Thanks for watching! I hope this style flowed okay - very little editing since it was so slow, but hoping the content would compensate for the lack of memes/humor/etc!
This video was awesome, Graham. Please do more QA's.
Definitely will!
Graham, you might need a virtual assistant once you're up there. so much networking could be done for you and prospecting done on your behalf. make them a schedule and give them a local Google phone number. check out the Philippians $5/$6 an hour. but.... it's just a suggestion. wishing you the best man
+David Gamez Thanks David! Most of my business is word of mouth at this point, since it's such a niche market it's likely best I'm doing it myself. But at one point I'll likely need an assistant!
Hey Graham! I am 19 years old and both my father and I are extremely interested in Real Estate. We were both inclined on taking the rental route, however, I recently viewed your first video and it truthfully inspired me and got me intrigued to become a Real Estate Agent. I also read RICH DAD POOR DAD, and both you and the Robert(book's author) received some sort of mentorship. Essentially what I am asking is, what can I do to receive some mentorship because I am supremely interested in taking your route and hopefully make my dreams come true as well. THANK YOU!
Some generic rules I have implemented was to invest on my education, so I am going to get my Real Estate License and begin my Real Estate career soon, but it would be great to receive some general advice, I don't expect a formulaic advice because I want to work for what I want.
Did you watch Graham's how to find a mentor video? I personally found a mentor before I even decided to become licensed, but I didn't look for him. As far as your License, I recommend taking an exam prep course after passing your classes before you take your state exam. I hear most don't pass the first time, but I was able to on my first try after taking my prep course and studying hard.
Raven I watched the video right after I posted my comment. Thanks for the advice and I'll make sure to prepare to the best of my ability!
+Ruben Mendoza Hey Ruben! Haha I see you saw the mentor video right afterwards 😂 Go ahead and get your real estate license and continue learning as much as you can. "The millionaire real estate agent" by Gary Keller is a great book to learn the foundations of the business!
GrahamStephan I will take a look at the book, thank you for the advice and keep up the good work!
Graham could you please make a video of you working and you looking at houses or maybe a video on you're daily routine at work?
For sure. I can't really film any of the good stuff, though - most of my day is spent showing properties and there's a level of confidentiality I can't cross between showing clients or some of the properties. But I can speak about the process though.
Great Video Graham, by the way you misspelled conventional when you were talking about the loans.
Hey Graham, So I purchased my first home last year and I am using it as a rental property. I want to get into buying properties but I don’t have any substantial income saved for purchasing, recently I saw a 12,000 dollar house with 4 bedrooms and I got very excited and got a personal loan to purchase it....fast forward a week, they snatched the house from me... and I was thinking of keeping the loan just in case another one came up... since they come around often In my area. Do you think it’s wise to get any kind of loan to purchase rental property. Btw I am deathly afraid of loans..which is why school is a no for me.
Thank you so much for sharing your knowledge in this field, your the man!
Thanks for watching, glad you enjoyed it!
Even though im 16 this is really eye opening, thank you so much!
Thanks so much for watching!
Now you are 19, Can I ask how are you now, are you rich
Very well divided
Thank you, I was a little hesitant about uploading something with very little production value but I think it worked well!
GrahamStephan Agreed
Loved today's video, again, thanks Graham!
You got it, thanks so much for watching!
This is an amazing video graham! Thanks for putting in the time to help us out. Plus your snapchat stories are pretty dope
Thanks Anthony! Haha glad you like the snaps!
Hey Graham, it seems you talked about passive income property, do you recommend first timers to buy rental property and collect rent and capital gains, or go for flipping fixer uppers, thanks! (I know it really depends on the individual but Im interested in knowing what you would do if you had to do it again)
p.s. would you recommend getting a real estate license solely to have access to the mls? Or do you believe that there are other ways to find listings, thanks!!!
I personally prefer going the rental property route - if it cash flows, there's less of a chance of messing up in terms of underestimating renovation costs and poor market timing. Rental properties are a great long term option for increasing cash flow, that's why I prefer them - but it's personal choice, you can certainly make way more flipping homes when it's done right. A real estate license might help with MLS access, but most of the information is public anyway on zillow.com or realtor.com - also, if you find a solid agent, they'll be able to send you everything as soon as it comes up!
Noted, thank you for the insight, hope to work with you one day in person.
Thanks for sharing Graham! Your friend had some Really good questions.
Thank you so much, I totally agree! It was pretty comprehensive!
Would you recommend using an FHA for someone who is a First-time buyer for a multi-family who does have a 710+ score? This was a great video! Quality questions indeed!!!
*purely in your opinion or in the fun of entertainment haha
Absolutely if you qualify!
This is such useful information especially the part on locations. Being a guy that lived in LA for most of his life, once you said Venice and Santa Monica, I was like oh shit, he's giving us the inside scoop.
+David C That's awesome! What part of LA did you live in?
I used to live in Beverly Hills, on the cross streets of Beverly Dr and Sunset. You know Carolyn Way north of Sunset? That's where I used to live. Now i'm awaiting deployment for going into the Army for 6 years on May 1. I'm thinking of it as an experience to open my view of who I am and what I'm capable of, as well as a to create a foundation for what I want to make. Investing money, buying houses, that's the long term goal for now, so thank you for keeping me motivated to when I get there.
+David C I know EXACTLY where that is, small world! I worked for nearly 7 years at the Coldwell Banker on Canon and Wilshire, at that time most of my business was in BH. Did you go to Beverly High?
HAH! I know exactly where that is! Yes I went to Beverly High, class of 2012 :)
Great video ! You have helped me learn a lot ! Thank you so much !
Thanks so much for watching, Daniel!
any tips? Im 16 years old and wanting to get into the real estate business. BTW keep up the great content!
+AmJakee Thanks so much! My only tip is to continue reading, watching, and learning as much as you can from as many people possible. Getting a few different perspectives is the best thing you can do.
One of your best videos
Hey Graham great video! , I have one question. You said that you look through MLS for buying opportunities but I am not a Realtor. Which website or platform do you recommend to find rental property deals? or should I get my real estate license before investing in real estate?
Hey Graham, if I don't live near a big city, how can I pick a property? And if I rent something out, how can I take care of it?
Amazing , but where would you start if you have no capital to start with ?
You can research "real estate wholesaling," although I've never done it!
Wow! Super in depth, and you're not selling an eBook? ;)
CRAZY, RIGHT?!?! ;)
Great video! That was a lot of good information! Thanks a lot!
Thanks for watching, Chris!
Once again, top notch content!
+CydiaTopTweaks Thank you for watching!
Why don't you suggest less than 20%? I want to do 10% down and invest/live in it ASAP. I hate paying someone else's mortgage.
Great video authentic
Amazingly helpful. Thank you!
Thanks Jason!
for residential real state. I would recommend repairing all types of house. you can start with something small like mobile houses. you don't risk a lot of money and it's easy to repair. I would personally not invest my money in houses. instead I would invested into small businesses. And trade any kind of stuff, cars, some properties etc. sometimes you can find under priced cars like 5k under the blue book price. because in California, it's very hard to make money out of properties unless the cash flow is really high (millions). otherwise, it's not even worth your time. Everything that involves trading, commissions and valuation. it's a good deal.
I totally disagree about not making money in real estate. While I don't have experience flipping cars or mobile homes, I can certainly assure you that you can make a steady return in real estate that's not in the millions. One of my properties makes me $12,000 per year - not even close to being worth a million, yet it still cash flows very well. Some areas are better for cashflow than others - in LA, it'll be difficult to achieve in the nicer areas without a million +, but surrounding areas can be had for $350,000-$500,000 that cash flow positively from the beginning.
Yes. but, you have a significant amount of experience. If you are a beginner i would recommend to buy/sell stuff by commission. Which is exactly what you did. And later diversify your profits. Real State is for sure a good choice. but, only if you already have around 1 Million. Real state is a good and safe way to make money. But, you never know. That's why I would recommend to invest in different businesses. You know, a hobby business like an small restaurant or TH-cam.
Just a thought - I began as a Realtor which definitely gave me a huge advantage when it came time to buy properties. But my net worth was about $200k when I began buying properties, much much less than $1m. I also know many others who successfully invested in real estate without being worth anywhere close to $1m - these were people with 20% down who leveraged their money in a smart, calculated way. But to each their own - I'll be the first to admit real estate isn't for everyone, some people totally hate it and would rather do something else. There are also many ways to make money, like you mentioned!
Hey grahm, awesome video here man! Just wanted to ask you a quick question. Are you familiar with VA loans and how they operate? Not looking for a full break down just like a over all understanding of them. I'm active duty about to transition to reserves next year and i just wanted to pick your brain.
I've never dealt with them so my knowledge is rather limited, are you putting 0% down on a home? I think it's doable just as long as the numbers make sense and you make sure not to over-leverage yourself. When buying a house, don't necessarily buy as much as you can afford - but buy something that'll still give you a financial buffer just in case shit hits the fan.
Havent watched yet, but from the comments I expect an amazing video. Will watch tomorrow, late here in Spain (0:42) and answer back to this.
Looking forward to it!
As always, great content and definetely worth watching video!
Very helpful video, thanks graham
My pleasure!
yo thank u so much for this video i have a buisness and im 14 and im homeschooled i was trying to double the money that i made so far, thanks this is great
Thank you for watching, you're starting WAY ahead of most people your age!
Hey thanks for alllllllll yr videos it has been a great help for me.
Thanks so much!
Hey man I'm 18 and looking to invest in real estate what would be a good way to start?
Butt secks. Pimp that poop hole out.
Focus on the smaller stuff first like generating a constant income and build your capital. A brokeass person should have nothing to be doing with real estate. When you have about 25% down payment save up extra for unforeseen contingency then plunge in to the real estate while still having your alternative source of income until the rental property is at a point where it is self sufficient. Anyone correct me if I am wrong.
do any your business tips apply to any other countries? btw your awesome
+suck I'd say most of it applies to other countries, as well. Maybe with the exception of loans and rent control, but otherwise it all should apply!
Just bought your money or your life, think and grow rich, and both investing books. Thanks for the tips
I find that I can't read ebooks. I don't know why honestly. I just struggle with it. Having a physical copy makes me much more likely to finish the book
Audio books are decent for me too
You will LOVE these books, seriously! Keep me posted how you like them - also, many of the books are on TH-cam if you want to listen to them. Many are not, but quite a few are.
Hey Graham!! Where else can I look for property besides on MLS since I'm not a real estate agent? I want to be able to find some properties on my own besides using my agent. THanks in advance!
format seems similar to garyvee's, but love the sound advice! great video!
Funny, this was actually recorded a few days before I saw GaryVee's videos!
Do a video on how to understand real estate please... I really want to become a real estate agent but I don't understand most of the videos. You could also suggest a book to read.
+Alvin Marday "the millionaire real estate agent" by Gary Keller is a great one! And as you get your real estate license all of these terms will begin to make sense!
Youre videos motivate me so much
I'm so glad you enjoy them!
I'm really inspired to become a real estate agent, but that's not really a viable job where I'm from. Maybe one day i'll move to LA ;)
Great points graham!
Thank you, glad it's helpful!
Hey Graham, can you tell me what's your take on taking a loan for starting my real estate business, I'm from Trinidad?
Graham, have you ever raised money for commercial real estate deal? What about going for a deal with a partner? What are you thought on that.
+Anton8777 Never raised money for a commercial deal, but I'd certainly go for a deal with a partner. As long as your short and long term goals add up and you can work to agree on any differences, it's definitely worth exploring!
Very helpful thank you for making this video , god bless
what ROI are looking for by investing in Property, in percentage
+delkredoprov Depends on the area, but generally 5-7% is pretty decent in LA.
Just switched my License to Ct and will be starting real estate soon. What should be a good way of starting to get leads as a new agent in the area?
+Jose Berrios I uploaded a previous video of how I recommended getting leads! But long story short - I recommended working Craigslist to do leases to meet future clients, hold open houses as often as possible, and make an effort to let everyone you know that you're in real estate!
Right on time
Only 990 subs away from 1000!
GrahamStephan eventually *sigh*
First of all thanks for your videos, I'm currently in the process of buying a couple properties and would love to pick your brain. I live in Glendale CA if you're not far away dinner or lunch is on me:)
Why do you recommend putting 20% down? I know Bigger Pockets recommends using an FHA loan to put down the least amount possible with multifamily investing.
I've been creating a huge plan for success and you are one of my inspirations along with grant cardone and some others. Could I email you and talk to you about it? I'm sure you would have some very useful tips. My twin brother and I are creating a real estate team to start. Our end goal will be to own a chain of apartment complexes named after our company. I have the steps to make this happen but I am still relatively new to this so I'm sure there are flaws and important info I'm missing. Really appreciate all your videos!
+alex parrish Thanks man! GrahamStephanBusiness@gmail.com and I'll try to get to it!
very clear and useful info
Thanks so much!
check out my website and let me know what you think www.helleniclinkrealestate.com
(it has an english button on the top right corner)