@@petermalasiewicz6740 It's a debt to buy things like houses, even if he has to pay like 1000$/month and gets 2000$/month from renting the house he bought with the money, in reality he is just earning 1000$ for free.
Yeah, here in central Europe, "1 bedroom" literally means 1 room where you can fit a bed and some wardrobes and a not too big kitchen-living room combo and a bathroom. Graham's place is still huge and more than enough for 1 person.
Márton Szigeti Well, truth be told the average American household is bigger than the average household everywhere else globally. The only exception is that Canada is very close
Just be like Scrooge McDuck. Too cheap to buy a soda for each of his nephews and himself, so he buys one soda and four straws. He also hoards every penny he can in his money bin. If one coin goes missing he notices.
I used to watch your videos all of the time but faded away for a bit. I started saving to buy a house, glad I started watching your videos again. I was looking for something fancy and big but I’m starting to realize that I don’t need something that huge, thanks graham.
Tai Lopez: "Here's my bookshelf where I get all my gnaw-ledge." Graham Stephan: "Here's my bookshelf... just to make it seem like I read a lot..." One of the two seems to have a bit more integrity 🙃
I work three jobs I’m 22 and have no education after grade 10. coming from poverty, moving out at 15 and no help from my family I’ve developed bad spending habits and recently got myself mildly in debt. I make a very nice yearly income, but i quickly realized I am not financially responsible enough to handle it properly. Watching your videos while I’m literally scrubbing floors on my hands and knees on one of my work days that literally allows me 5 hours off in a 48 hour span. Still, makes me feel motivated to become a better person for myself and have more control over my spending. Listening to your videos makes me feel hopeful that one day I will not have to work like this anymore if I save. So thank you
All millionaires: i got 50k worth of spanish tiles around my fire place Graham: I saved over 500 dollars by buying them online for 2 dollars a piece and installed them by myself
Warren Buffett lives in the same house he bought when he was middle class. Who would want to live in a big mansion anyway? Too much house for one family.
People think you have to have fancy, expensive stuff to impress people... this just goes to show you if you just have things clean, neat, and in order it's pretty much the same thing. Where da-hick was this channel when I was 22 and blowing the best paychecks of my life on nonsense trying to be cool...?! This generation has no idea the advantage they have with YT channels like this.
Truth. I am in my 40's and fortunately didn't get caught up in trying to impress anyone, but if I had TH-cam in my 20's I would have PAID $ for this content....and Gary Vee too. So much value in these channels. I have a lot of respect for Graham, because he is teaching and setting an example of how to handle money. If I could change anything from when I was in my 20's, I would have got a duplex and had the other tenants pay most/all of my mortgage. Then I would continually buy rental properties. My current mortgage isn't too large, but I wouldn't have one if I made that one move. Also, I would wait much later to get married. Everyone....listen to Graham and follow his financial ways...you have an excellent mentor!
@@canadude6401 I like your ideas, I would like to have done those things also. I would ad that I would not have gone to college, but found an employer who pays for continuing education. I had fun til i had to start paying it back. I see tons of value in TH-cam and tell new people at work, if you want a free degree/education, spend time on here learning something new every day, on many topics - I do. I fix things for a living and people ask me all the time how i know so much, and i tell them TH-cam! Also great advice would be to find mentors who are patient and willing to teach you some things. I feel that I can learn at least 1 thing from everyone on the planet. Never stop learning or thinking!
Dude, I’m 31 from Florida, and I’m extremely proud of you! I wish I had someone to teach me these things in my 20’s. You’re a very smart man. Congrats on all your success.
Abhishek Sathe ye but he says that he breaks even on the loan and day-to-day expenses because of the rent he receives from the other half of the duplex, the equity he gets from paying down the loan, and the tax write offs he gets from having his office in his home so he ends up not having to pay anything. Hope I helped
Abhishek Sathe his loan will go up a bit more making his monthly payments more expensive. But in return for his payments going up he receives a large lump sum of cash (equity from the house) that can be reinvested into some other asset that can not only make up for the increase of his mortgage, but also increase his asset count and increase his cash flow through the extra cash being earned back from the equity he pulled out of the house.
I actually remember when graham bought this house. It was one of the first videos of his I watch and I feel like that was when his videos became more real to me. I could see the progress rather than just hearing him talk about how to get there. That is when I started planning my future way more seriously. Thanks graham :).
Where I live in SC, that $585,000 gets you a 2-3 story mansion, enough property to have multiple football fields and still have enough left over for a sport car. I was able to buy my house which is 2 stories on 2 acres in a very nice neighborhood for less than 100k at 23 years old. It was a repo with only cosmetic issues I grabbed the day it hit the market. Fixed it up and got it re-appraised and now it's worth 200k after only putting about 5k into it. At the time, I didn't know what equity was or even cared about much of anything, but now when I do decide to sell, I will be making quite a bit of profit. I watch videos like this now and am like "Dang, people go out of their way to get a home with some equity or to see some type of return and I made 100k by accident lol".
I remember watching the video when he bought this place and being a sub for a while already, damn that feels like forever ago but I love the growth man keep doing what you’re doing clearly it’s been working!!
Bro, you're so smart and conservative. How did you think of all this at such a young age? I'm not into real estate because I'm too broke trying to get out of debt But listening to your videos about house hacking and minimalism has definitely got me interested in changing my financial trajectory and mindset.
*Imagine the stress of showing the internet around your house... even if you have nothing to hide- just opening up to the criticism and opinions of a trillion eyeballs like this... thanks for doing this for us, and putting yourself out there for our benefit. It was SUPER interesting, it was enjoyed, and it was appreciated.* 👍
Great stuff Graham! Recently, resigned from the day to day grind of being a medical malpractice defense attorney and beginning a real estate venture. loving your channel bro!
I'd love a place like this. Cute, simple, classy, with a touch of culture. I love the older houses not the grey and white doctor's office flip houses. Lol eggs are chicken are my biggest food groups too haha
There is a lot to like about this video. Early on he promotes not having to own a big expensive place. He shows how watching for a deal and moving on it is important. He does some of the work himself when it makes sense but then points out a few mistakes he made. He details the finances so his viewers can see how it works. It's worth your time to watch it.
Rich people usually are obnoxious and shallow but you're definitely not. You're smart and you don't spend needlessly nor do you flaunt your wealth and your things like other rich people do. I respect that.
Here for the TH-cam algorithm. 😊👍🏻 Thanks for the math and the tour, Graham! You've gotten the wheels turning in my head re: how to make my upcoming first home purchase more to my benefit since the house definitely needs some renovation (built in 1964!) 😊
Using reflective white paint and adding in extra bright light bulbs are great ideas. Besides looking modern, it looks very pleasing which better your mental health which increase productivity so you make more $$$.
Hey Graham, I just got an idea. Maybe for an idea for a video you could go over some good shorter term investment places to put your money while you're still 9-5ing so that it helps you get to your goal faster.
Graham, I’m just confused on how re-financing for a higher mortgage twice is beneficial unless your interest rate was significantly lower after each refi because you get some cash back but there are closing costs & higher principle to pay back when you could have a $300+K mortgage vs a $600+K mortgage. Another option I see is If you use the cash outs from refi on putting a down payment on an appreciating asset like another rental property. By the way your videos are inspiring!
Yah I had the same question. I wonder what would happen in a recession situation where you are forced to sell these properties for less than the loan amount. If you have multiple types of these properties, could it end up being a perfect storm?
The idea is that you invest your own cash money outta pocket at first & then when the value goes up you're able to get that cash back out by refinancing to then re-invest to make more money instead of keeping your cash tied up inside of that first initial investment. It's kinda like a hack, you need to be smart about it and get your cashflow right on the investment. But if you do it right, you can keep buying new properties without having to wait to re-save hundreds of thousands of dollars for a new down payment. Make sense? Plus you will have a mortgage regardless, it's all about balancing the cashflow. - IG@andiezona
@@kurapikakurta3863 I'm thinking of a situation where the housing market has crashed and for whatever reason, he has negative cash flow, so he's forced to sell. The likelihood of this scenario happening is very slim, since he has multiple income streams that protect from exactly this type of scenario, BUT if it DID happen, he might get into a situation of getting a double whammy. First, with selling at a loss, but then second because of the higher payments due to a higher mortgage. All this is to say that if you do decide to try this strategy, be aware of the potential pitfalls.
Hi Graham, for a little storage in the bathroom, you could inset a tall narrow cabinet to the right of the awesome tilting mirror or add some small floating shelves.
@@PinePizza then you should know better😅. The living standard in Western and northern Europe (Germany, France, Scandinavia, U.K, Benelux, Austria, Switzerland) is higher than in the south and east.
Gorgeous and perfect Graham. I live in a basement apartment slightly smaller than your place it’s cozy and easy to keep clean. The other half of the basement is my gym and all my toys.
I can't get over how wholesome and cute he is. He's a Jack of all trades or whatever the phrase is (English was not my first language) But the hottest/best part is that he's bringing financial literacy to the world. *heart eyes emoji* *heart eyes emoji*
Kong depends on the mindset bro, my parents weren’t “rich” when I was born, but they had started a businesses together, now they’re millionaires, and I don’t like the thought of living off of my parents like a spoiled brat, sure, I will use their wealth as a leverage, but doesn’t mean you need that to be successful and value money. I’m 17 btw
@Graham Stephan great video, love the spun wool colors. Tastefully done not over the top and should encourage everyone that what you’ve done is possible for themselves!
This guy reminds me of the little accountant in 'Ghost Busters' what with all his obsessively keeping track of the cost and comparable cost of every item and the exact savings. This one is focused and dedicated. He is the true 'Key Master'.
I really like you just because everything you have done is done by you. You’ve used the knowledge In which everyone can obtain and made yourself a really nice life and infrastructure. Great to see. Well done graham, great video as usual 😁
I do so admire you Graham in you financial minimalist approach to life. Just wish I had been as smart as you when I was your age. God bless you for sharing your wonderful knowledge and experience.
I think Warren Buffet still lives in the same house that he bought like 50 years ago. You and I are a lot alike. I wish I had started earlier. Some of my family thought I was obsessive about the "sacrifices" I was making like using an antenna instead of paying for cable. My brother and I are now living in the same 55 and over community. The difference is he has a mortgage with 29 years left, and a job that the corona virus has put some limits on. I traded some equity in a couple of rentals for my zero dollar house. I admit, it seems like it took an awfully long time to get here. (18 years) But the greatest thing about right now for me, is being content. I used to think every house purchase was a stepping stone to eventually owning a big mansion. But I wouldn't be any happier with a bigger house. BTW congratulations on your success!
Well I’m not sure if I can speak for him, but individuals like myself and some I’ve met like him have problems with ideas and constantly processing stuff. My brain is constantly thinking of every possible outcome of something I want to do. The thing is though I love to know everything about everything if I don’t know about it I will sit for hrs making myself become a pro. I’ve just always been like this and I’ve met some of the guys who work with graham and people like graham and we all have that same kind of trait of just constantly thinking almost like not being able to turn our brains off. Since were not able to really relax we utilize it for stuff like you see in Graham’s video. Also we just love the grind man...i don’t think it’s for everyone to me working like that is like cocaine
Haha the Keenan and Kel photo brought me right back to my teen years. The Duplex is perfect and streamlined/clean. Nicely done. My favorite parts: Spanish tile accents on the fire place and bathroom, the original hardwood floors, subway tiles, terra-cotta hexagonal tiles. Nice work.
This might be my fav video yet! I’m curious if your $80k in remodeling was to both sides of the duplex? Did you remodel them in the same way/design? It looks great!
Kyle Laffey obvious. Can you change only half the roof or plumbing? We also learned on TH-cam that you don’t go over the top when remodeling a rental. So some of the things on his side are his personal touch which may not be on the other unit. The tenant might be well off any put his personal touch on his side too.
I so agree with you on doing housework yourself :D I just saved yesterday about 30 euros on a 80 euros cupboard. I bought all pieces necessary, did it myself/ customised it and think I will extend it when I move out in 3 months. Now that I got all tools, the extension [double the size] will cost me about 40 euros max. On the market, a cupboard like that [stylish as well :D I'm an architect] would be about 150 +. By myself : max 80 euros, not to mention I plan on doing myself all other cupboards and wardrobes from now on so having the tools for the first one will cut down future costs.
5:17 If you paint your ceilings flat white, you will hide all of the imperfections in the paint/drywall/patch. Just a tip for next time that costs you nothing, but makes the room look 10x better.
all other youtubers: "my $1,000,000 house tour"
graham: "my $0 house tour"
😂
don't forget it's booked as 980.000$ :D
$1M could buy a shack at best in San Francisco.
I love my retirement for life.
It's basically $1,000,000 house. He's drowning in loans instead of making profit
The only person embarrassed to have a Louis Vuitton bag. Lol
Why advertise for free
i have like 5 and its not like i flex it because thats embarrasing
CHRISTIAN . Yea you’re not fooling anyone lmao you’re broke
I have none because I deliver pizza and all I wear is my uniform.
bryan willis broke? 😂 lmao, its my hobby, i resell
This guy is a genius
He has about a million bucks of debt on this property. THere's nothing genius about it.
@@tourist9862 lol you are the biggest idiot ever. It’s all planned out, it’s working in his favour
No no no..and no
@@liamjames1394 could you explain how the debt is planned out to benefit him?
@@petermalasiewicz6740 It's a debt to buy things like houses, even if he has to pay like 1000$/month and gets 2000$/month from renting the house he bought with the money, in reality he is just earning 1000$ for free.
when he mentioned 1 bedroom apartment I pictured something a lot smaller
Hey Jose, I'd love to get your thoughts on my new real estate investing series!
You could split the "living room" using the dining room that way and get to 3 nice bedrooms in still accepted local sizes.
Yeah, here in central Europe, "1 bedroom" literally means 1 room where you can fit a bed and some wardrobes and a not too big kitchen-living room combo and a bathroom. Graham's place is still huge and more than enough for 1 person.
Márton Szigeti Well, truth be told the average American household is bigger than the average household everywhere else globally. The only exception is that Canada is very close
He said it was 800 sq ft and only 1 bedroom So that's decent size. My first house was a 744 sq ft 2 bed and small but not tiny.
Other youtubers:
*Have multimillion dollar house*
Graham: “These bagels are a dollar ninety-nine at Ralph’s which is a really good deal”
😂
I dont understand how people can posion themselves with this Kind of "food" :D
Someone comment it’s so close
@@heladar they dont care much
Just be like Scrooge McDuck. Too cheap to buy a soda for each of his nephews and himself, so he buys one soda and four straws. He also hoards every penny he can in his money bin. If one coin goes missing he notices.
I almost spit out my coffee when he said
" I keep all my birthday cards to make it seem like I have friends and family"
I hope it was 20 cents iced coffee
@@TheKoolioz golden comment
Why did I think Graham wasn’t going to have a decorated home? 😂😂😂
Honestly, neither did I 😂😂😂😂😂
Retweet
Alexa Nee lmbooo
Dindo Nuffin some people really like saving money
Same. Thought it'd be a bed on the floor of a studio condo and some boxes re-purposed as tables lmao
Other youtubers: I paid 1m for this house..
Graham: My house paid me 350k..
yep
😂😂😂
I used to watch your videos all of the time but faded away for a bit. I started saving to buy a house, glad I started watching your videos again. I was looking for something fancy and big but I’m starting to realize that I don’t need something that huge, thanks graham.
Like he actually has really good taste in furniture tho
Other TH-camrs: Live on $1 a day in LA
Graham: hold my 20 cent coffee
:P
Graham Stephan you are inspiring me to do this in NJ
Investing and minimalism and that is the effect :) carry on good work
Ethan Forsyth I learned how to make it in San Francisco.
Tai Lopez: "Here's my bookshelf where I get all my gnaw-ledge."
Graham Stephan: "Here's my bookshelf... just to make it seem like I read a lot..."
One of the two seems to have a bit more integrity 🙃
😜
Tai is a pretentious pretender
@@aeksinsang932 I have heard this also.
The most valuable thing in that house is the autographed Kenan and Kel picture.🔥
Awwwww here it goes!
Agreed.
Is it actually autographed by them? For a second I thought it was a print out.
Love that show! Nice house, motivational video!
@@GrahamStephan I love orange soda, I doo I doo I doo oooo. Seriously did you buy that recently?
I work three jobs I’m 22 and have no education after grade 10. coming from poverty, moving out at 15 and no help from my family I’ve developed bad spending habits and recently got myself mildly in debt. I make a very nice yearly income, but i quickly realized I am not financially responsible enough to handle it properly. Watching your videos while I’m literally scrubbing floors on my hands and knees on one of my work days that literally allows me 5 hours off in a 48 hour span. Still, makes me feel motivated to become a better person for myself and have more control over my spending. Listening to your videos makes me feel hopeful that one day I will not have to work like this anymore if I save. So thank you
All millionaires: i got 50k worth of spanish tiles around my fire place
Graham: I saved over 500 dollars by buying them online for 2 dollars a piece and installed them by myself
There’s no such thing as Spanish tiles. That’s Portuguese and he was ripped of.
Pedro Angelo Well he never got ripped off paying 2$ a tile. Someone tried to rip him off but he never got ripped off.
Warren Buffett lives in the same house he bought when he was middle class. Who would want to live in a big mansion anyway? Too much house for one family.
People think you have to have fancy, expensive stuff to impress people... this just goes to show you if you just have things clean, neat, and in order it's pretty much the same thing. Where da-hick was this channel when I was 22 and blowing the best paychecks of my life on nonsense trying to be cool...?! This generation has no idea the advantage they have with YT channels like this.
You’re right a majority of this generation doesn’t take advantage of videos like this but that’s not all of us.
Truth. I am in my 40's and fortunately didn't get caught up in trying to impress anyone, but if I had TH-cam in my 20's I would have PAID $ for this content....and Gary Vee too.
So much value in these channels. I have a lot of respect for Graham, because he is teaching and setting an example of how to handle money.
If I could change anything from when I was in my 20's, I would have got a duplex and had the other tenants pay most/all of my mortgage. Then I would continually buy rental properties. My current mortgage isn't too large, but I wouldn't have one if I made that one move.
Also, I would wait much later to get married. Everyone....listen to Graham and follow his financial ways...you have an excellent mentor!
@@canadude6401 gary v was wrong on my work
@@canadude6401 I like your ideas, I would like to have done those things also. I would ad that I would not have gone to college, but found an employer who pays for continuing education. I had fun til i had to start paying it back. I see tons of value in TH-cam and tell new people at work, if you want a free degree/education, spend time on here learning something new every day, on many topics - I do. I fix things for a living and people ask me all the time how i know so much, and i tell them TH-cam!
Also great advice would be to find mentors who are patient and willing to teach you some things. I feel that I can learn at least 1 thing from everyone on the planet. Never stop learning or thinking!
uggghhh yas for reals!!! l'm in my early 30s and l've found so many channels like this so useful....
Dude, I’m 31 from Florida, and I’m extremely proud of you! I wish I had someone to teach me these things in my 20’s. You’re a very smart man. Congrats on all your success.
Thanks so much!
The cost breakdown at the end of the video was awesome. I really appreciate this aspect. Thanks!
Neil Ranals can you explain i didnt really get it. If he gets more loan he still has to pay for the difference after re-financing right ?
Abhishek Sathe ye but he says that he breaks even on the loan and day-to-day expenses because of the rent he receives from the other half of the duplex, the equity he gets from paying down the loan, and the tax write offs he gets from having his office in his home so he ends up not having to pay anything. Hope I helped
Abhishek Sathe his loan will go up a bit more making his monthly payments more expensive. But in return for his payments going up he receives a large lump sum of cash (equity from the house) that can be reinvested into some other asset that can not only make up for the increase of his mortgage, but also increase his asset count and increase his cash flow through the extra cash being earned back from the equity he pulled out of the house.
I love this style home. Just enough personality without being overbearing!! The backyard looks like a great place to hang out in...
In this video, you can see he’s a real estate agent.
Graham: I don't spend any money at all
Also Graham: This is my vintage 1920's fire extinguisher that has been transformed into a light
Antique shop! I think it was $40!
I have that same lamp. I've seen several, maybe they weren't even extinguishers to begin with.
Those steampunk old metal lamps are very cheap.
@@GrahamStephan $8.15915283247898e+47 seems to be quite a lot for a light
My dad had one of those! 😀
Financial Minimalism... I'm liking the name of this
_This is it._ This is the video that all us Graham Stephan-ers have been waiting for 🙌
Enjoy!
I actually remember when graham bought this house. It was one of the first videos of his I watch and I feel like that was when his videos became more real to me. I could see the progress rather than just hearing him talk about how to get there. That is when I started planning my future way more seriously. Thanks graham :).
Where I live in SC, that $585,000 gets you a 2-3 story mansion, enough property to have multiple football fields and still have enough left over for a sport car. I was able to buy my house which is 2 stories on 2 acres in a very nice neighborhood for less than 100k at 23 years old. It was a repo with only cosmetic issues I grabbed the day it hit the market. Fixed it up and got it re-appraised and now it's worth 200k after only putting about 5k into it. At the time, I didn't know what equity was or even cared about much of anything, but now when I do decide to sell, I will be making quite a bit of profit. I watch videos like this now and am like "Dang, people go out of their way to get a home with some equity or to see some type of return and I made 100k by accident lol".
I remember watching the video when he bought this place and being a sub for a while already, damn that feels like forever ago but I love the growth man keep doing what you’re doing clearly it’s been working!!
Ah thanks!!! 2 years ago!
Recessed lighting is the new avocado toast.
I wanna know how minimalistic you lived BEFORE this place to save the initial $230,000 lol
Real estate equity no doubt
Sam Sreca probably from his real estate agent commissions over the years. He should make a video about it.
Instead of avocado toast, he ate avocado crackers.
Lol
Hey man cut it out. I could have you banned
Your future wife: Our baby is going to need a carseat
You: I will just make one for like a dollar
Mary Nu “you can learn on TH-cam and it’s just a small learning curve!”
Why pay 300 if you can make it functional for 1 dollar? At the ende of the month you can go on a vacation?
And then get it reappraised and pocket the difference
@@notricky1680 HAhAHa
LMAO
Bro, you're so smart and conservative. How did you think of all this at such a young age? I'm not into real estate because I'm too broke trying to get out of debt But listening to your videos about house hacking and minimalism has definitely got me interested in changing my financial trajectory and mindset.
*Imagine the stress of showing the internet around your house... even if you have nothing to hide- just opening up to the criticism and opinions of a trillion eyeballs like this... thanks for doing this for us, and putting yourself out there for our benefit. It was SUPER interesting, it was enjoyed, and it was appreciated.* 👍
You got it!
Graham, love the house! You are like a real estate gangster.
Thanks!
Omg is this the first time we’ve seen your house 😳I feel so honored
Glad you enjoyed it!
My guy practices what he preaches - dope.
you did a great work Graham! I am still amazed by how humble you have stayed. This is why we love you and watch your shows! Keep it coming!
Guests: Help themselves to a drink at the bar.
Graham: "That'll be $12."
Guests: "😲 ... "
Graham: "I'm a financial minimalist."
:O
lol
IS NO ONE GOING TO COMMENT ON HOW MY MANS HAS THE OLD PS3!! 😂😂. I love you graham
Haha yesss
@@GrahamStephan no one was talking about it so I had to 😂, all love bro.
Time?
@@GrahamStephan Is it backwards compatibile? My launch ps3 died and a part of me with it.
So what I still have mine 2 😎
Graham: owns a duplex in order to multiplex his money
Mind = Blown
Maximizing your wealth, love that, I was also a minimalisme in 2010, but today have build a 2 million portfolio, thanks financial literacy.
Great stuff Graham! Recently, resigned from the day to day grind of being a medical malpractice defense attorney and beginning a real estate venture. loving your channel bro!
I love this man so much.. stinking millionaire who lives like he’s broke. GOALS af!!!
"BTW, that's not my Louis Vuitton bag... I did not spend any money there" lol... Classic Graham Stephan
I feel like this is the house of a 22 years old female stylist, lol! You are really in on the interior design trends and it's really homey!
Truuuue.
It's atrocious, isn't it?
But not everyone has to have good taste. Especially since that's fairly hard in terms of interior
I'd love a place like this. Cute, simple, classy, with a touch of culture. I love the older houses not the grey and white doctor's office flip houses. Lol eggs are chicken are my biggest food groups too haha
There is a lot to like about this video. Early on he promotes not having to own a big expensive place. He shows how watching for a deal and moving on it is important. He does some of the work himself when it makes sense but then points out a few mistakes he made. He details the finances so his viewers can see how it works. It's worth your time to watch it.
Graham: "I live in a Duplex"
Me: meh
Graham: "It was $585,000"
Me: 😳 daz expensive
Action AJay
It’s California, datz cheap
That property in NC would be less than $150k lol
Boy thats CHEAP
@@amolinari9 Pretty much anywhere else also 😂
Could of have bought a big house here in Texas
I dunno. Not sure I'm buying this whole "I'm a cheapskate" schtick.
*Sees an OG fat PS3. In 2020*
Oh.
9:00
I see this as a W 😂😂
Bruh I have a PS2 I still play
Oh wow
That just means he's smart. It's the ultimate ps3
Graham: **posts**
Me: **immediately smashes that like button before watching the video**
Thanks!
The content is pure quality. It's a no-brainer.
lol "That is not my Louis Vuitton bag. I did NOT spend any money their, don't worry." LOLOL classic Graham! I'm with you bro!
The fact you have a Kenan and Kel picture makes me trust you more lol.
“To make it look like I have a lot of friends” 😭
🤭
@@GrahamStephan I'll be your friend, Graham!
No one at our age has lots of friends, Graham. It's not just you.
We are all Graham's friends
@@GrahamStephan Who needs friends when you have 1.27 million fans? Lol
Nobody :
Graham : How I was borned for free
Birthed
beared
try again
Hatched
Derrick Stinoski loooool
One of the youngest most wisest people I know
Honestly, good for you Graham this is really impressive! Keep grinding brother!
Rich people usually are obnoxious and shallow but you're definitely not. You're smart and you don't spend needlessly nor do you flaunt your wealth and your things like other rich people do. I respect that.
Another great upload Graham,
That breakdown at the end was extremely impressive.
Good on you man, great investment~! Keep up the good work.
Thanks so much!!
Next video:
*How much money I made with my $0 home*
Daniel Iles facts. You’re on to him
Here for the TH-cam algorithm. 😊👍🏻
Thanks for the math and the tour, Graham! You've gotten the wheels turning in my head re: how to make my upcoming first home purchase more to my benefit since the house definitely needs some renovation (built in 1964!) 😊
Awesome!
Graham strategically putting ANNOYING ads during suspenseful parts. I’m over it.
Using reflective white paint and adding in extra bright light bulbs are great ideas. Besides looking modern, it looks very pleasing which better your mental health which increase productivity so you make more $$$.
That commute flex at 10:00 was the most LA thing I've ever seen in my life. 😂 Solid tour.
Hey Graham, I just got an idea. Maybe for an idea for a video you could go over some good shorter term investment places to put your money while you're still 9-5ing so that it helps you get to your goal faster.
Graham, I’m just confused on how re-financing for a higher mortgage twice is beneficial unless your interest rate was significantly lower after each refi because you get some cash back but there are closing costs & higher principle to pay back when you could have a $300+K mortgage vs a $600+K mortgage. Another option I see is If you use the cash outs from refi on putting a down payment on an appreciating asset like another rental property.
By the way your videos are inspiring!
Yah I had the same question. I wonder what would happen in a recession situation where you are forced to sell these properties for less than the loan amount. If you have multiple types of these properties, could it end up being a perfect storm?
Jiji that doesn’t apply to him.
The idea is that you invest your own cash money outta pocket at first & then when the value goes up you're able to get that cash back out by refinancing to then re-invest to make more money instead of keeping your cash tied up inside of that first initial investment. It's kinda like a hack, you need to be smart about it and get your cashflow right on the investment. But if you do it right, you can keep buying new properties without having to wait to re-save hundreds of thousands of dollars for a new down payment. Make sense? Plus you will have a mortgage regardless, it's all about balancing the cashflow. - IG@andiezona
@@kurapikakurta3863 I'm thinking of a situation where the housing market has crashed and for whatever reason, he has negative cash flow, so he's forced to sell. The likelihood of this scenario happening is very slim, since he has multiple income streams that protect from exactly this type of scenario, BUT if it DID happen, he might get into a situation of getting a double whammy. First, with selling at a loss, but then second because of the higher payments due to a higher mortgage. All this is to say that if you do decide to try this strategy, be aware of the potential pitfalls.
@@jenkins5265 He makes 1.6 M a year from diferent Business, he lives fruggaly, Idk but he doesnt need to sell never
Love that Spanish tile on the fire place. So
Pretty!
Hi Graham, for a little storage in the bathroom, you could inset a tall narrow cabinet to the right of the awesome tilting mirror or add some small floating shelves.
12:45 in case you missed it
YES!
This is proof that taste and style don’t have to be overly expensive.
agreed!
Graham: Here is how I live frugally
People in eastern Europe: This my dream!
people anywhere in europe
@@PinePizza and the majority in the States as well!
@@PinePizza ever been to Europe?
@@SH0907 yes, I'm here since I was born, 23 years now.
@@PinePizza then you should know better😅. The living standard in Western and northern Europe (Germany, France, Scandinavia, U.K, Benelux, Austria, Switzerland) is higher than in the south and east.
Dude, Kenan and Kel was the best show ever for sure. Beautiful home. Even better that it's located in California. Livin' the dream!
Gorgeous and perfect Graham. I live in a basement apartment slightly smaller than your place it’s cozy and easy to keep clean. The other half of the basement is my gym and all my toys.
Graham's next career: Interior designer!
I love how your home is cozy but very open and modern ar the same time.
what happens if a psycho moves into your next unit and knows where u live ?
"Here in my Duplex" sounds better than "Here in my garage"
Honestly can't wait until i can get my first duplex. can't thank graham enough for all the VALUE
You got it!
This man hemmorages VALUE
I can't get over how wholesome and cute he is.
He's a Jack of all trades or whatever the phrase is (English was not my first language)
But the hottest/best part is that he's bringing financial literacy to the world.
*heart eyes emoji* *heart eyes emoji*
I doubt your still reading these comments, but you should put 1 gallon water jugs in your fridge/freezer to save on the electricity a little.
See signed Kenan and Kel photo: “I knew that there was something about this guy I liked”. 😏
Next vid better be:
"How I paid $0 for the entirety of my life"
Abhitej Bokka he does tho, he has said in a previous video that he invests and that return pays for almost everything he purchases
@@antonioquiacain9451 but I want it since Day 0 bc I know this guy has got all the math
Basically be born into rich family you'd just grow up to be a spoiled brat because you didnt do any work unlike Graham that earned it.
Kong depends on the mindset bro, my parents weren’t “rich” when I was born, but they had started a businesses together, now they’re millionaires, and I don’t like the thought of living off of my parents like a spoiled brat, sure, I will use their wealth as a leverage, but doesn’t mean you need that to be successful and value money. I’m 17 btw
Abhitej Bokka yes, you’re right, I’d love to see that as well tbf
I've been waiting for this house tour for a while
It’s about time!
Me to. So lovely to see it finaly :) cozy, lovely home :)
Every video their is something I take with me for the rest of my life
@Graham Stephan great video, love the spun wool colors. Tastefully done not over the top and should encourage everyone that what you’ve done is possible for themselves!
Remember you buying this property like yesterday! Time flies!
It's crazy, but time does fly past us faster than we realize
You did a really good job of renovating the place!
Thank you so much!
This video has been LONG AWAITED. Yas.
Next up: Graham gives us a tour of his secret avocado toast factory... ;)
:P
Skynet Paradox I did 😂
Details aside, your enthusiasm is contagious. Ppl got to be excited to do anything well in life.
This guy reminds me of the little accountant in 'Ghost Busters' what with all his obsessively keeping track of the cost and comparable cost of every item and the exact savings. This one is focused and dedicated. He is the true 'Key Master'.
😂
I really like you just because everything you have done is done by you. You’ve used the knowledge In which everyone can obtain and made yourself a really nice life and infrastructure. Great to see. Well done graham, great video as usual 😁
Grahams next video: How the ad revenue from my house tour video paid for my down payment on my next house... haha keep up the good work man!
You're so good at this dude - great content!
Thanks!!
I do so admire you Graham in you financial minimalist approach to life. Just wish I had been as smart as you when I was your age. God bless you for sharing your wonderful knowledge and experience.
🙌🏼
I think Warren Buffet still lives in the same house that he bought like 50 years ago.
You and I are a lot alike. I wish I had started earlier. Some of my family thought I was obsessive about the "sacrifices" I was making like using an antenna instead of paying for cable. My brother and I are now living in the same 55 and over community. The difference is he has a mortgage with 29 years left, and a job that the corona virus has put some limits on. I traded some equity in a couple of rentals for my zero dollar house. I admit, it seems like it took an awfully long time to get here. (18 years) But the greatest thing about right now for me, is being content. I used to think every house purchase was a stepping stone to eventually owning a big mansion. But I wouldn't be any happier with a bigger house.
BTW congratulations on your success!
I expected there to be way less furniture! Surprised there wasn’t just a bed and a coffee machine... 😂
Hahaha that would be amazing
I'm gonna comment that this is a good video before I watch it👊🏻
FIRST!!!
your always first
How do you even learn to do all this. Seems so overwhelming 😫
And he doesn't even like to read. How the hell is he so smart? We're not all equally gifted upstairs.
Well I’m not sure if I can speak for him, but individuals like myself and some I’ve met like him have problems with ideas and constantly processing stuff. My brain is constantly thinking of every possible outcome of something I want to do. The thing is though I love to know everything about everything if I don’t know about it I will sit for hrs making myself become a pro. I’ve just always been like this and I’ve met some of the guys who work with graham and people like graham and we all have that same kind of trait of just constantly thinking almost like not being able to turn our brains off. Since were not able to really relax we utilize it for stuff like you see in Graham’s video.
Also we just love the grind man...i don’t think it’s for everyone to me working like that is like cocaine
CryTec I literally can not turn off my brain
Adrian B I cant tell if that was a sarcastic or not. Could you elaborate?
Its probably something he enjoys. I know i love planning and stuff
From Manchester Uk. Kebab and Kel was most definitely the best show ever !
Haha the Keenan and Kel photo brought me right back to my teen years.
The Duplex is perfect and streamlined/clean. Nicely done. My favorite parts: Spanish tile accents on the fire place and bathroom, the original hardwood floors, subway tiles, terra-cotta hexagonal tiles. Nice work.
This is so inspiring!! I’m going to do this the right way unlike my parents 😩
Same, I'm not going to follow the same financial mistakes my parents made! DISCIPLINE=SUCCESS!!!
This might be my fav video yet! I’m curious if your $80k in remodeling was to both sides of the duplex? Did you remodel them in the same way/design? It looks great!
That cost also included roof, plumbing, entire landscape, garage, etc
@@GrahamStephan Did the other unit need the same work as the one you live in though?
What he asked! 👆🏻😆
Kyle Laffey obvious. Can you change only half the roof or plumbing? We also learned on TH-cam that you don’t go over the top when remodeling a rental. So some of the things on his side are his personal touch which may not be on the other unit. The tenant might be well off any put his personal touch on his side too.
Your house is gorgeous! Wonderful job on the interior decorating and renovations. Thank you for showing us!
I so agree with you on doing housework yourself :D I just saved yesterday about 30 euros on a 80 euros cupboard. I bought all pieces necessary, did it myself/ customised it and think I will extend it when I move out in 3 months. Now that I got all tools, the extension [double the size] will cost me about 40 euros max. On the market, a cupboard like that [stylish as well :D I'm an architect] would be about 150 +. By myself : max 80 euros, not to mention I plan on doing myself all other cupboards and wardrobes from now on so having the tools for the first one will cut down future costs.
5:17 If you paint your ceilings flat white, you will hide all of the imperfections in the paint/drywall/patch. Just a tip for next time that costs you nothing, but makes the room look 10x better.