Hey guys! I apologize if this one might seem sliiigghtlly repetitive for those who have watched some of my older videos on this topic. When I’m asked “what’s the easiest way to invest in real estate?” this is it. This one goes a little more in depth in terms of what I look for and strategies to implement. The concept is the same, it doesn’t really change - but sometimes repetitiveness helps it sink in, plus with a little more in-depth detail thrown in.
EddyZamora you could always ask your dad to use his tax return and just tell him you have the money for a down payment. I am also a real estate agent down in San Diego area. How ever this profile I’m on right now is just my gaming channel.
I like the video but question is this how there are people who has a lot of properties and they dont pay taxes like donal trump and other rich people you should tell us that also 😏
Miguelon it was 75% LTV. Spent about 56k all in. 13800 / 56000 = .246 or 25% Cash on Cash return. That same money made like 60 bucks for 1 yr in the bank. Mike drop.
Did this last year, haha. This is legit. I was able to get 5% down even. A couple more suggestions: A mortgage broker was able to help me out a lot. Have a buyer's agent! The realtor selling the house works for seller, not the buyer so it's good to have someone in your corner who knows what they are doing. And don't forget about closing costs as well, they can be as much as your down payment. Another thing that I did was rent half of my unit to a roommate as well for an even bigger income. Good luck all!
I basically started exactly what you're talking about in December. I'm a 25 year old civil engineer who's hoping to quit the rat race with the help of multiple streams of income
There are a couple things to keep in mind before doing this. The tenants you have will be people you have to live with and deal with on a regular basis, so you must choose them wisely. Also, buying this kind of property, you need to have a good stable paying job to take care of the monthly expenses, which can be very costly. As well, you are essentially locking yourself down to one place for the time being until you have enough money to move out, so you have to be committed to living there before you decide to invest this way.
Kind of. You’ll need money for repairs, but that means you’ll set aside some of the rental income each month. Doesn’t necessarily need to come from your job unless something big comes up which isn’t going to happen often. As for being locked in, you’ll be locked in for 12-18 months but it’s also no different than signing a one year lease on an apartment. After that you can always move out and do whatever you want!
I am making my modest steps in real estate ( i am in my early 40s) and find your videos heavensent. I admire you for listening to your own guidance while still being so young ( when you were starting) also thankful for saying things like ”start small and learn as you go” ”it doesn’t happen overnight, it takes time” Your channel is so informative and inspiring. Best wishes from Estonia!
Awesome video! You have me hooked. I usually lose interest fast but you kept me wanting more because you are straight to the point honest and a fast talker. I didn't even realise it was 14 minutes long. Great job!
Graham Stephan it's random. Most of the news if I have time but also some the earlier ones like your first ones. I get up at 330 am and don't get to bed most of the time till 10 pm. The bids get put on the back bunner. I do enjoy them and learn from as I'm also tring to learn what i can to get started till I get the down payment saved. I also watch a few others and been reading up in my spare time. Later
Graham I made it to the end lol. I’m exiting the army in march and am looking at trying to become a real estate agent and enjoy watching all your videos it is really inspiring
To everybody complaining about the initial cost. You do not have to buy in L.A.! There's plenty of affordable markets that will give you great cash flow. In the USA you have Atlanta, & Indianapolis, etc. In Canada the Maritimes and Ottawa are great options. You can get the 10% down quickly if you're buying in these markets.
Graham Stephan Indy has solid rental properties that you can buy for 50-60k. I'm looking at some properties in Eastern Canada selling around 80k Cad that will return about $800-900 a month in rent easily.
Reno freaking Nevada. They’re currently having a housing shortage of almost 100,000. Tesla factory, Apple iCloud ect all moving to their massive industrial complex
I'm personally not into the whole real estate crowd funding thing - if I own real estate, I'd just buy the physical building myself. Or if I wanted real estate exposure, I'd just buy a REIT.
What’s up Graham, I’ve been watching your channels (yes plural haha) for almost a year now. My goal was to get to zero (no debt). I just got there today. Now my next step is saving for my down payment. By the end of 2021 I plan to have my first house hacked unit. Thanks for the information. Keep it coming
Whoo! Glad to be a part of that 20%! I had to watch it in between my classes for the day, but man really informative on this one Graham. Now I know how to plan out my real estate venture once I finish my refrigeration program next year. Hey, I would not mind you going on for an hour or even longer about this topic. Every bit of info helps! Thanks a bunch for today's lesson Graham.
Thank you. I have wanted to invest in real estate for a year now and I'm also considering becoming a real estate agent. I'm only 16 and I can't wait to get out and start investing. Everyone around me tries to discourage me saying I'll be broke and homeless. However with every video of yours I watch, I know I'm making the right choice. Your channel is a hidden gem and probably even changed my life for the better. Once again thank you. P. S. 20% squad every video for life
Graham I am a 17 year old entrepreneur and I just gotta say I love you man you helped me make enough to found my dream lifestyle as well as invest into my bussiness
I made it to the end. It may be repetitive but it’s good to hear over and over for me to be able to stay focus. I am realtor as well and i did a house hack on my first deal.
One piece of the 20% here. Your content has been helping me push past the learning stage (Few years of personal barriers) to finally start making deals. (Look at me commenting on another youtube video, on a roll eh!) Building buyers list in BC Canada now, starting with wholesale deals(That ARV and MAO money for the cash buyers), a team of friends and various connections in trades and restoration cleaners for when I finally begin investing in my own properties. Can't wait to Make Life Better as you do!
You always have to set yourself up for 1-2 years before you can get into real estate investment, so these videos are still good, but I am at the point where I need either a cosigner (just for the income I make, everything else is excellent) or wait another 8-11 months to fit into any lenders formula. Yes, I comment on a lot of these, but I am so pumped to get started, I am ready, and I am looking at every single option.
Learned about inflation in my economics class today and that real estate is affected positively by it. So this video came right on time thank you Graham
I really like your videos. Very straight forward!!! Thank you very much. Keep it up!! I am finishing nursing school in Miami fl, But I was thinking about moving in to Las Vegas and start saving to invest in real state. However, I have 3 questions for you: 1- is it too more expensive buying a multi-family property outside the state you are living in? If so, how much expensive ? 2- I was thinking in buying a multi-family property in Orlando fl before moving out fl. It is that ok money wise ? 3- when you buy a multi-family property the cash flow you put it towards he principal or you save it? I’m sorry for the ignorance, I am sooo brand new on this topic. My next goal after graduating is investing in real state, so I am trying to educate myself as much as I can before staring. Thank you in advance Maria
Hello from Sweden! Love this video for its simplicity and ‘basic’ explanation with pictures and everything. I’m planning to apply this strategy over here. Cheers!
Hey Graham. I just wanted to share my situation real quick with you. Been a loyal sub since literally your 1st or second video lol. Im 22yo and have been saving alot of money from my job since i was 18. Btw i dislike my job ALOT but it pays pretty good so im kinda stuck(for now). Im in the process on closing on my first house or property ever which is a duplex :). I believe it or not already have about 50k equity on the property. Im going to live in one amd rent out the other for about 2- 3 years, hopefully save even more money from the renter paying most of my bills, then to buy another multi family maybe a 4 or more a couple years later and quit this horrid job im at.... factory job... just wondering if this sounds like a solid plan to you graham i love your videos and have learned alot from you and sometimes worry ill never be able to do real estate full time. Ive been wanting to do it since high school lol. Much love -JT
Bullfrog life! I’m so proud of you! You weren’t born to work at some job you hate. Real estate is obviously a fire burning within you so let that fire burn and burn bright! I don’t know a lot about real estate, I learn most from Graham, but from what master Graham has told me, your plan seems legit. Don’t doubt yourself. Your so young and it’s amazing your thinking about this now. So many people wish they could have more time and you do. Get rockin!
Great advice! I bought a $900k fourplex almost two years ago with a 30 year FHA loan and only 4% down. The best part is I pulled retirement money out with zero penalties to pay the downpayment. Renters are not only paying the mortgage, they're building equity for me, and they're paying my retirement back. It's a win win win. More people, than realize, can do this.
This is such a great video. My first was a condo , I wish my first purchase was a multi family . If I only knew the homes in my neighborhood were going to skyrocket.. I'm in Brooklyn , Carroll Gardens and the brownstones are all well over a million, 2 million, keep going.....it's pretty crazy
You are truly an inspiration to me. I always knew real-estate could be extremely profitable, but no one ever went over step by step how to do it. I love everything you’ve said and I’ve been watching your videos non stop for the past few days. All day today at my “9-5” job, I’ve been working away listening to you through my bluetooth headphones. I was lucky enough to purchase a house when I was 22 years old (I’m 28 now). It was one of the best things I’ve ever done (especially since I got it when the market was at the bottom!) I’m also a big car guy so I built a shop complete with a lift behind my house since I love to work on and modify my cars. I love living here, but I really like your idea of buying a property capable of renting out to 2-3 separate tenants. So my plan is to save up some more money and try to purchase one of these multi-home properties. Instead of living in one of those spaces, I’ll just keep living in my current house and collect rent from an extra tenant which should be all profit.
You could also get an FHA loan, that way you could have a low down payment. For FHA loans you would have to live in the building, which you would be. Buy a 4 unit building and stay in one rent the others.
Easiest way to invest in Real Estate? My initial thought was "it took Graham Stephan 15 minutes to tell us to buy a REIT?". I'm glad that wasn't the case :P I love the "House Hacking" idea & it's pretty much what I'm doing. I bought a 3 bedroom townhouse condo in 2009 with $16K down & added 1 more bedroom in the basement. I then rented out the 3 extra rooms. After I sold in 2014 I got a $114K cheque. Then I bought my current 3 bedroom ranch home in 2015 with $97K down & added 3 more bedrooms in the basement. Now I rent out the 5 extra bedrooms for a total of $3,335/month. With that sizeable cash flow I'm able to pay all my housing expenses & still have enough money to contribute $300/week into an S&P 500 index fund :)
I absolutely love this “House hacking” video. It’s frustrating, our “Duplexes” are so different from yours. Your content is for sure food for thought 💭
Should make a video and show us one of your example calculations before you buy a property, mainly including the specifics of how you calculate the renovation costs and how you anticipate what equity you'll add by those renovations BEFORE you buy
I watched the end :) And I really like your videos and advice. I love working and making money, so I hope that I can succeed in doing these kinds of things.
Well...apparently I went and did what you don't recommend on your first house hack. I didn't even know the term. I wouldn't say that I'm stuck, and I wanted a challenge, but it involved building out the basement into a rental space and adding overall square footage. I was primarily looking for a low-cost DIY that would give me bigger returns and some income stability after the initial investment. I don't have years and years for a real estate portfolio to mature, so my methodology should probably be different than someone starting in their 20s. I think this one will turn out o.k. for me, but it has definitely been more work and more $$ than I thought it would be.
Awesome videos bro. Got out of all by credit card debt in less than a year and applied your advise from other videos. And now working on my downpayment for my first property.. thanks for these videos...
Coincidentally, I'll be doing a talk on this exact topic at our next London On FIRE meetup! Absolutely love house hacking, I honestly can't imagine living in anything other than at least a duplex (or bigger). I'll be moving from my duplex to my triplex soon! Mortgage at the triplex is $800, and the rent from the other 2 units will be over $1600!
"What's the easiest way to invest in real estate? By buying it! Loool" I was hoping to learn something I didn't already know, but it's really just save up money and buy real estate. That's really all the information in this video.
Instead of putting 20% down on a property and still having to worry about paying the remaining 80% off, the better option would be to use your down payment and just buy a tax deed property. This is better option if you live in a tax deed state or don't mind being an out of state landlord. Another option worth considering is getting a section 538 loan from the USDA and being a landlord in a rural area. As long as you don't mind having your rents capped, you get dirt cheap loans for as long as 40 years. These loans are for 5 units or more and you don't have to live in them. If you do this in an area you can see yourself retiring in, you've got a place to live and by that time you can turn them into normal rentals.
Im not a pro in real estate but own 3 units. My best advice is stay home with your parents and save until you to pay 25% down on the unit. You will also need a minimum of $25 per sq feet to remodel the unit if it's not move in ready with zero structural issues. You will have to do the labor your self, so have your tools ready. You want a nice unit in a decent neighborhood for good clients. Crappy units attracts crappy tenants. There's really no short cut in the beginning unless you have inherited a ton of cash. About 5 units in later it should get easier. And that's my 2 cents.
Hey guys! I apologize if this one might seem sliiigghtlly repetitive for those who have watched some of my older videos on this topic. When I’m asked “what’s the easiest way to invest in real estate?” this is it. This one goes a little more in depth in terms of what I look for and strategies to implement. The concept is the same, it doesn’t really change - but sometimes repetitiveness helps it sink in, plus with a little more in-depth detail thrown in.
EddyZamora you could always ask your dad to use his tax return and just tell him you have the money for a down payment.
I am also a real estate agent down in San Diego area. How ever this profile I’m on right now is just my gaming channel.
Graham Stephan how do you organize your videos? Do you write down what you want to talk about before you do the video?
LOVE it!!!
HELLO MESSAGE MR GORTEZKA LARSON FOR REAL AND LEGIT HACKING JOB THROUGH HIS CONTACT AND THANK ME LATER ,,,,>, 701 1725... HES FROM USA
I like the video but question is this how there are people who has a lot of properties and they dont pay taxes like donal trump and other rich people you should tell us that also 😏
I bought my First 4-unit property in Aug 2017. It now cash flows about $1150 per month. This is just the beginning.
Well done man!
Good job
my friend what was your down payment?
Best regards
(love the knowledge Graham)
Dewayne Smith congrats
Miguelon it was 75% LTV. Spent about 56k all in. 13800 / 56000 = .246 or 25% Cash on Cash return. That same money made like 60 bucks for 1 yr in the bank. Mike drop.
"Kings lose crowns, Teachers stay intelligent."
Knowledge is power, I love learning from people like you.
Thanks so much!
Did this last year, haha. This is legit. I was able to get 5% down even.
A couple more suggestions:
A mortgage broker was able to help me out a lot. Have a buyer's agent! The realtor selling the house works for seller, not the buyer so it's good to have someone in your corner who knows what they are doing. And don't forget about closing costs as well, they can be as much as your down payment. Another thing that I did was rent half of my unit to a roommate as well for an even bigger income.
Good luck all!
I basically started exactly what you're talking about in December. I'm a 25 year old civil engineer who's hoping to quit the rat race with the help of multiple streams of income
Awesome!! The more the merrier!
Same here man the rat race is not for me
How’s it going for you man
There are a couple things to keep in mind before doing this. The tenants you have will be people you have to live with and deal with on a regular basis, so you must choose them wisely. Also, buying this kind of property, you need to have a good stable paying job to take care of the monthly expenses, which can be very costly. As well, you are essentially locking yourself down to one place for the time being until you have enough money to move out, so you have to be committed to living there before you decide to invest this way.
Kind of. You’ll need money for repairs, but that means you’ll set aside some of the rental income each month. Doesn’t necessarily need to come from your job unless something big comes up which isn’t going to happen often. As for being locked in, you’ll be locked in for 12-18 months but it’s also no different than signing a one year lease on an apartment. After that you can always move out and do whatever you want!
Graham is a genius. Thanks for the free information!(:
You got it man! Not quite genius but I’ll take it haha
EdVentures
No it’s not free after u start making money he gets 10%
I am making my modest steps in real estate ( i am in my early 40s) and find your videos heavensent. I admire you for listening to your own guidance while still being so young ( when you were starting) also thankful for saying things like ”start small and learn as you go” ”it doesn’t happen overnight, it takes time”
Your channel is so informative and inspiring.
Best wishes from Estonia!
Thanks so much!!
Damn Graham remember when you started your channel and now you have over 100k thats crazy man! Congratz !🔥🔥
Thanks so much!! Yeah it's been a crazy journey!
Now 2.8 lol
Awesome video! You have me hooked. I usually lose interest fast but you kept me wanting more because you are straight to the point honest and a fast talker. I didn't even realise it was 14 minutes long. Great job!
Thanks so much!
i tried smashing the notification button by my computer screen has a crack now
You’ll need to get that replaced before the next video drops. More smashing buttons required! 😜
lol!
Tom Biber hahaha
Smash. Don't " Hulk Smash" :)
When are you going to do a house tour?
Yes. I'm subscribed. Yes Im doing this. Yes I gave this a like.
YESSS! Thank you!
You're welcome! Just keep pumping this quality content!
I made it all the way to the end. You're the best.
Admittedly I don't watch all your vids but when I watch I watch to the end. Lots of good things in this one.
Thanks so much man! Which ones do you watch the most often?
Graham Stephan it's random. Most of the news if I have time but also some the earlier ones like your first ones. I get up at 330 am and don't get to bed most of the time till 10 pm. The bids get put on the back bunner.
I do enjoy them and learn from as I'm also tring to learn what i can to get started till I get the down payment saved.
I also watch a few others and been reading up in my spare time.
Later
I’ve watched this over and over to make sure I know exactly what to do!
Learned a lot from this man! Thanks for the recommendation Graham :)
Thanks for watching!
I'm part of the 20%. I always watch your videos all the way through!!
Super appreciating your videos. Lots of love from Canada.
Graham I made it to the end lol. I’m exiting the army in march and am looking at trying to become a real estate agent and enjoy watching all your videos it is really inspiring
To everybody complaining about the initial cost. You do not have to buy in L.A.! There's plenty of affordable markets that will give you great cash flow. In the USA you have Atlanta, & Indianapolis, etc. In Canada the Maritimes and Ottawa are great options. You can get the 10% down quickly if you're buying in these markets.
Agreed. California/LA is just stupid expensive for what it is. I'm envious of people who can do this for $350k :(
Graham Stephan Indy has solid rental properties that you can buy for 50-60k. I'm looking at some properties in Eastern Canada selling around 80k Cad that will return about $800-900 a month in rent easily.
That's insane cash flow!
Canada is the best place to live.
Reno freaking Nevada. They’re currently having a housing shortage of almost 100,000. Tesla factory, Apple iCloud ect all moving to their massive industrial complex
What are your thoughts on Fundrise?
I'm personally not into the whole real estate crowd funding thing - if I own real estate, I'd just buy the physical building myself. Or if I wanted real estate exposure, I'd just buy a REIT.
Consistently part of the 20%. 👍😎
WOOHOO! Thank you!
Yeah
What’s up Graham, I’ve been watching your channels (yes plural haha) for almost a year now. My goal was to get to zero (no debt). I just got there today. Now my next step is saving for my down payment. By the end of 2021 I plan to have my first house hacked unit. Thanks for the information. Keep it coming
Whoo! Glad to be a part of that 20%! I had to watch it in between my classes for the day, but man really informative on this one Graham. Now I know how to plan out my real estate venture once I finish my refrigeration program next year. Hey, I would not mind you going on for an hour or even longer about this topic. Every bit of info helps! Thanks a bunch for today's lesson Graham.
Thanks so much man, so happy it’s helpful! Haha I gotta do a podcast so I can do long topics like that.
Thank you. I have wanted to invest in real estate for a year now and I'm also considering becoming a real estate agent. I'm only 16 and I can't wait to get out and start investing. Everyone around me tries to discourage me saying I'll be broke and homeless. However with every video of yours I watch, I know I'm making the right choice. Your channel is a hidden gem and probably even changed my life for the better. Once again thank you. P. S. 20% squad every video for life
🙌🏼🔥
Keep the great videos coming Graham.
Graham I am a 17 year old entrepreneur and I just gotta say I love you man you helped me make enough to found my dream lifestyle as well as invest into my bussiness
I made it to the end. It may be repetitive but it’s good to hear over and over for me to be able to stay focus. I am realtor as well and i did a house hack on my first deal.
One piece of the 20% here. Your content has been helping me push past the learning stage (Few years of personal barriers) to finally start making deals. (Look at me commenting on another youtube video, on a roll eh!) Building buyers list in BC Canada now, starting with wholesale deals(That ARV and MAO money for the cash buyers), a team of friends and various connections in trades and restoration cleaners for when I finally begin investing in my own properties. Can't wait to Make Life Better as you do!
🙌🏼
Wot, watched all the way until the end! Great video.
This is great info! Thanks Graham!
Thanks for watching!
The more details the better imo. Great vid Graham.
Thanks so much!
You always have to set yourself up for 1-2 years before you can get into real estate investment, so these videos are still good, but I am at the point where I need either a cosigner (just for the income I make, everything else is excellent) or wait another 8-11 months to fit into any lenders formula. Yes, I comment on a lot of these, but I am so pumped to get started, I am ready, and I am looking at every single option.
Learned about inflation in my economics class today and that real estate is affected positively by it. So this video came right on time thank you Graham
I just wanted to let you know that your videos are really helpful. Im 16 and real estate really excites me, so I'm trying to learn everything I can
Thanks so much Adam! Happy it's helpful!
I really like your videos. Very straight forward!!! Thank you very much. Keep it up!! I am finishing nursing school in Miami fl, But I was thinking about moving in to Las Vegas and start saving to invest in real state. However, I have 3 questions for you:
1- is it too more expensive buying a multi-family property outside the state you are living in? If so, how much expensive ?
2- I was thinking in buying a multi-family property in Orlando fl before moving out fl. It is that ok money wise ?
3- when you buy a multi-family property the cash flow you put it towards he principal or you save it?
I’m sorry for the ignorance, I am sooo brand new on this topic. My next goal after graduating is investing in real state, so I am trying to educate myself as much as I can before staring.
Thank you in advance
Maria
I watched this video till the end. I love everything you said and thank you for giving all this priceless information for free.
Thanks so much!
I love your content brother. Happy new year to you. Keep going strong.
Thanks!! You too!
Hello from Sweden! Love this video for its simplicity and ‘basic’ explanation with pictures and everything. I’m planning to apply this strategy over here. Cheers!
Thanks man! Happy it’s helpful!
Great video as always. Keep them coming. Always a pleasure. Thank you.
Thanks!
Graham you are awesome man! Thanks for the knowledge
thanks for watching!
Wooohooo more valuable info as always!! Thanks bro
Thanks for watching!
Another great video! Keep it up Graham!
Thanks dude!
Hey Graham. I just wanted to share my situation real quick with you. Been a loyal sub since literally your 1st or second video lol.
Im 22yo and have been saving alot of money from my job since i was 18. Btw i dislike my job ALOT but it pays pretty good so im kinda stuck(for now). Im in the process on closing on my first house or property ever which is a duplex :). I believe it or not already have about 50k equity on the property. Im going to live in one amd rent out the other for about 2- 3 years, hopefully save even more money from the renter paying most of my bills, then to buy another multi family maybe a 4 or more a couple years later and quit this horrid job im at.... factory job... just wondering if this sounds like a solid plan to you graham i love your videos and have learned alot from you and sometimes worry ill never be able to do real estate full time. Ive been wanting to do it since high school lol. Much love -JT
That sounds like a really great plan. Congratulations! How’d you find a spot with that much equity? Well done! Just hold it forever!
Bullfrog life! I’m so proud of you! You weren’t born to work at some job you hate. Real estate is obviously a fire burning within you so let that fire burn and burn bright! I don’t know a lot about real estate, I learn most from Graham, but from what master Graham has told me, your plan seems legit. Don’t doubt yourself. Your so young and it’s amazing your thinking about this now. So many people wish they could have more time and you do. Get rockin!
Do it while your young and not married with kids
Also Ben Mallah
Buy fix sell
Us the profit to pay off the bank and fees.
Have a bigger down payment bigger loan
Buy fix sell.
Location is everything
Great advice! I bought a $900k fourplex almost two years ago with a 30 year FHA loan and only 4% down. The best part is I pulled retirement money out with zero penalties to pay the downpayment. Renters are not only paying the mortgage, they're building equity for me, and they're paying my retirement back. It's a win win win. More people, than realize, can do this.
Nice!!
This is such a great video. My first was a condo , I wish my first purchase was a multi family . If I only knew the homes in my neighborhood were going to skyrocket.. I'm in Brooklyn , Carroll Gardens and the brownstones are all well over a million, 2 million, keep going.....it's pretty crazy
Who knew they were going to go up as much as they did! It’s been crazy over the last few years!
This is gold my man, thanks!
Thanks so much!
Love your tips and advice bro. You are one of my inspirations to start real estate.
Thanks so much 🙌🏼
You are truly an inspiration to me. I always knew real-estate could be extremely profitable, but no one ever went over step by step how to do it. I love everything you’ve said and I’ve been watching your videos non stop for the past few days. All day today at my “9-5” job, I’ve been working away listening to you through my bluetooth headphones. I was lucky enough to purchase a house when I was 22 years old (I’m 28 now). It was one of the best things I’ve ever done (especially since I got it when the market was at the bottom!) I’m also a big car guy so I built a shop complete with a lift behind my house since I love to work on and modify my cars. I love living here, but I really like your idea of buying a property capable of renting out to 2-3 separate tenants. So my plan is to save up some more money and try to purchase one of these multi-home properties. Instead of living in one of those spaces, I’ll just keep living in my current house and collect rent from an extra tenant which should be all profit.
Hope you’re doing well!! How’d it all go? 😄
Good video man always learning with you
Glad it’s helpful!
Love your content thank you.
Thanks!!
Great video, Thanks!
Good stuff, Every video I watched of yours, I make it to the very end
I really appreciate it!
Great video! Like the way you kept it nice and simple to understand. Easy enough that it seems like anyone can invest into real estate. Thanks!!
Thanks!!
Hey man im a 21yo fresh outta college and i take alot from your vids. Thanks for posting.
Thanks so much!
You could also get an FHA loan, that way you could have a low down payment. For FHA loans you would have to live in the building, which you would be. Buy a 4 unit building and stay in one rent the others.
Easiest way to invest in Real Estate? My initial thought was "it took Graham Stephan 15 minutes to tell us to buy a REIT?". I'm glad that wasn't the case :P
I love the "House Hacking" idea & it's pretty much what I'm doing. I bought a 3 bedroom townhouse condo in 2009 with $16K down & added 1 more bedroom in the basement. I then rented out the 3 extra rooms. After I sold in 2014 I got a $114K cheque.
Then I bought my current 3 bedroom ranch home in 2015 with $97K down & added 3 more bedrooms in the basement. Now I rent out the 5 extra bedrooms for a total of $3,335/month.
With that sizeable cash flow I'm able to pay all my housing expenses & still have enough money to contribute $300/week into an S&P 500 index fund :)
thanks bro I'm gonna seriously get on this asap
Awesome!
Good stuff. Much appreciated!
Thanks!!
Good stuff. Keep it coming!
Thanks so much!
I absolutely love this “House hacking” video. It’s frustrating, our “Duplexes” are so different from yours. Your content is for sure food for thought 💭
Should make a video and show us one of your example calculations before you buy a property, mainly including the specifics of how you calculate the renovation costs and how you anticipate what equity you'll add by those renovations BEFORE you buy
Graham needs to be at 1 million subs by the end of this year!
THANK YOU!!
This was the most helpfull youtube video i have ever watched! THANK YOU!
Thank you so much!
Gotta save this video for the future! Great video
Thanks man!
Good information first time hearing about it
GRAHM YOU ALWAYS GOT SOME GOOD VIDEOS MY KEEP UP THE GOOD WORK
THANK YOU FRANK!
Love this vid.. watched whole thing.. liked and faved it. Thanks man
Thanks so much!!
This was awesome
Best breakdown thanks!
🙌🏼🔥
I watched the end :)
And I really like your videos and advice. I love working and making money, so I hope that I can succeed in doing these kinds of things.
thanks so much!
This video is very helpful for ever new Investor in real estate YOUR THE BEST GRAHAM!!!!!!!!!!!!
Thanks Daniel!!
What the hell you should have way more viewers! What is this? The content is perfect. It's like there's something missing...
Haha thank you! Just make sure to hit the like button and subscribe 😜
Well...apparently I went and did what you don't recommend on your first house hack. I didn't even know the term. I wouldn't say that I'm stuck, and I wanted a challenge, but it involved building out the basement into a rental space and adding overall square footage. I was primarily looking for a low-cost DIY that would give me bigger returns and some income stability after the initial investment. I don't have years and years for a real estate portfolio to mature, so my methodology should probably be different than someone starting in their 20s. I think this one will turn out o.k. for me, but it has definitely been more work and more $$ than I thought it would be.
Awesome tips Graham, thanks
thanks for watching!
Awesome videos bro. Got out of all by credit card debt in less than a year and applied your advise from other videos. And now working on my downpayment for my first property.. thanks for these videos...
Yes I would like to say the video made sense and I liked it
Thanks so much!
Coincidentally, I'll be doing a talk on this exact topic at our next London On FIRE meetup! Absolutely love house hacking, I honestly can't imagine living in anything other than at least a duplex (or bigger). I'll be moving from my duplex to my triplex soon! Mortgage at the triplex is $800, and the rent from the other 2 units will be over $1600!
AWESOME!!!
Great video. I'm hoping to start doing this pretty soon.
Good luck man! Hit me up if you’ve got any questions!
What a great video! More like this Graham!!!!
Thanks so much!
"What's the easiest way to invest in real estate? By buying it! Loool"
I was hoping to learn something I didn't already know, but it's really just save up money and buy real estate. That's really all the information in this video.
Watched till the end again >:c I like this strategy a lot
Currently saving up for that down payment!
This has been in my plans for the past year now.
Still in the working and savings mode.
Good Stuff!
Thanks
Thanks so much! Good plan to have!
Instead of putting 20% down on a property and still having to worry about paying the remaining 80% off, the better option would be to use your down payment and just buy a tax deed property. This is better option if you live in a tax deed state or don't mind being an out of state landlord.
Another option worth considering is getting a section 538 loan from the USDA and being a landlord in a rural area. As long as you don't mind having your rents capped, you get dirt cheap loans for as long as 40 years. These loans are for 5 units or more and you don't have to live in them. If you do this in an area you can see yourself retiring in, you've got a place to live and by that time you can turn them into normal rentals.
Smashed the like button so hard almost broke my thumb, nice Graham!!
Hahaha thanks bro!!
Next goal is 200k subs! Let's make it happen! Great stuff as always, Graham
Thanks so much!
Good video, very informative I will make be using the information
Thanks so much!!
Hello Mr. Hraham, thank you for the content. That actually makes sense. I will like to try doing something like that next year.
Awesome!
Watched til the end 🙂
Thanks!
Will this help me become independently financially independently?
I started 137 days ago with only $25,610 and right now I am reaching $140,000! Woah woah woah woah woah woah woah!!!!
B the Lee Yes it will. NUFF said.
house hackiiiiiiiiiiiiiiiiiiinnnnnnnnnnnnnngggg!
Graham Stephan Please explain what you started with ? :)
@@GrahamStephan lend me a tenner 🤣
Thanks Graham
Thanks for watching!
Thanks for the advice Graham, for now, I will be saving money, so I can start investing in real estate!
awesome!!
Your videos are great. The nuts and bolts of Robert K's Rich Dad Poor Dad.
This is great advice for a young person wanting to become a homeowner or also someone coming out of a separation or divorce.
Hopefully more the first scenario :)
Your videos help alot!!!
Thanks Sal!
Commenting for the algorithm as a way of thanks for the info :)
Create a video on renting vs buying a house
Im not a pro in real estate but own 3 units. My best advice is stay home with your parents and save until you to pay 25% down on the unit. You will also need a minimum of $25 per sq feet to remodel the unit if it's not move in ready with zero structural issues. You will have to do the labor your self, so have your tools ready. You want a nice unit in a decent neighborhood for good clients. Crappy units attracts crappy tenants. There's really no short cut in the beginning unless you have inherited a ton of cash. About 5 units in later it should get easier. And that's my 2 cents.
I think more people should stay at home and save money longer than move out at 18-20...those few extra years early on make such a big difference!