I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
The high prices have affected my retirement plan to retire at 62, work part-time, and build my savings. The stock market's volatility, combined with a reduced income, makes me anxious about having enough for retirement.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
Finding financial advisors like Sharon Marissa Wolfe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Some great ways to invest in your 20s include investing in low-cost index funds, opening a Roth IRA, and investing in real estate. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@sommersalt88 This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
You reap what you sow, kid. Companies laying off employees to increase thier profits cause my invies to go up. You're a broke lose and will continue to be.
I retired at 39 from the Military then sold a business that was my side hustle at 41. After taxes I make about 70k a year just on that income, not a lot but at 54, I'm barely grey haired when my dad was bald at my age. Since 'retiring' I've started 3 businesses, 1 failed, the other two I still own and that adds another 60k a year and I 'work' about 20 hours a week. The point is; plan in your twenties and stick to it. have good advisors and just because you're 'Rich' don't buy what you think the 'Rich' buy. My oldest car is 13, my watch is 30 years old and I don't own the latest phone. I pay cash for just about everything and carry little to no unsecured debt. If your friends judge you by your 'stuff' get new friends or none at all. Peace brothers and Sisters.
curious. what does it take to start your own business? did you have to have any technical skills? Or did you pay for someone to had the skills to make your ideas a reality?
This is how I started almost a year ago, sold my house and bought a 4 plex. Only gave 3 1/2 down. The rents cover the mortgage and water bill. Ive been fixing them up as the tenants move out and increased the rents from 700 to 900 . I live in one of the units
That is what I am in the process of doing......saving for a down payment, buying a 4-plex or 3-plex, live in one of the units and rent the others out to pay for it.
@@betatrex1799 Unless you're rich don't buy property that isn't in the state you live in because you will be ripped off by property managers. Who cuts the grass? Uh, lawn maintenance crews that you pay.
@@LargerThanCats think out of the box, rent to students and cut don't their rent, if they take care for the house, Gras, let them do their own maintance. You will safe a lot of money and Taxes.
Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today
@@GrahamStephan Sorry I missed you at OREC this weekend. I had a migraine and had to drive an hour home. Can't wait to meet you in person one day and tell you how much of an inspiration you are!
2 years in and the process of purchasing rental #10! It can be done but you have to be ready to sacrifice up front. Husband and I sold our 2500 sqft home down sized to a 950 sqft home, and thats with 3 kids. Took the money we made from the sale of the home and used that for down payments on 4 rentals. All this to say, if you really put in the work and get creative you too can make this a reality. And no we're not living the dream yet, we still juggle day jobs and all the activities 3 kids bring. 🏡🔨💵
@@GrahamStephan Thank you! Southwest Ohio, we found a sweet spot with section 8. Thanks to all the slum lords, we have a very low vacancy rate. Its hard to find rental homes that are well maintained and updated in our area, so even the smallest updates go a long way.
@@dontreadmychanneldescripti7104 i would disagree. in the long run, think of all the intangible lessons they will pick up from their parents, who are on perma hustle mode. you don't want to raise kids who can't be out of their comfort zone. expose them to hard work early. this does that. expose them to finances and investments early, this does that. expose them to building real skills by negotiating with contractors, learning trades, screening tenants, etc., this does that. and at the end, what they will likely get is very tangible - little business units making money. this is what precisely parents should be doing with their kids.
LOVE THIS. we have an 8 month old. 2 months after she was born, we broke ground on a 1bd/1ba ADU, and we're literally just finishing tomorrow, and the renter should be moving in on Monday. Our house has been a construction zone for the last 6 months while the unit was being built above the garage. of course it has been stressful, uncomfortable, lack of privacy, and other stuff. But - we created a completely separate stream of income. Now we'll finish small fixes on our main house, refi, rent it out, then buy a multi unit and get right to the next one, while these two cash flow. love to hear stories like yours, where work now pays off for the future.
@@cwr8618 Thats great to hear and wish you much success! We just sold the 950 sqft house made a great profit, moving onto our next live-in flip. With now 16 rentals I'll be quiting the day job in 3 months with husband to follow next year. Its not always easy but definitely worth the hard work.
This is why I watch Graham. Videos like this without the "now this is explained in my book so i'll leave you with less info so you can read for yourself," line out of the blue makes me keep coming back. Keep up the great work. Like Button Smashed!
Interesting video; I wish I had more time for experimentation, but I'll be 50 by next year, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $3 million by the age of 65.
You should have begun a long time ago, and considering you are not conversant with the market,, I'd recommend you seek advice or help from a financial expert to aid you in establishing a practical and achievable plan.
Over the last 4months, and I've generated around $286K in net income. Having a coach like Lisa Ann Moberly, has significantly strengthened my credibility and perspective on the market.
Honestly, at 17(as of tomorrow), I love watching your videos that provide me with invaluable knowledge/power. My future always looks brighter with a plan in place.
Graham, you're one of the most valuable TH-camrs on the platform.. I house hacked a 6 bed student housing SFH in college and now it's cash flowing ~$1k per month after I just moved out. Closed on #2 last week!
He just explained to us the path towards retiring in 10 years time. Truly mind blowing when you're explaining it to commoner like me who might not even retire after working my 9 - 5 for 40+ years... So this is what the "path less taken" means. O___O
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@Lucas Williams Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
This sounds great on the surface, and is very factual in part. The problem occurs when you get to the 3rd or 4th property with increased debt, and the bank simply won't give another loan due to your now very high debt to income ratio.
Your income will go up with your debt linearly, and you should have enough income in the first place to cover your back. That combined with a good credit score should allow you to take the loans. A 200 usd difference between income and expenses on housing alone per property is not big, your "normal" income should be able to cover that
@@somedude2492 I'm sure bank approvals work out fine for some investors, but in many cases including my own, people have personal real estate debt (no rental income) as well as a fair amount of revolving debt -- both can drastically affect your DTI. Also for me -- one of my properties is a short term rental property (vacation home -- seasonal rental only). You combine this with tax returns that take full advantage of the allowed write-offs, and it can bring your bottom line really low causing banks to turn you down. At this stage until I can pay one of them down or entirely off...I'm stuck without being able to add more to my investment portfolio. And I think many other investors would have similar situations...not everyone has lucrative day jobs to keep DTI's low.
When you have a renter, if the numbers work out, it zeros out your "debt" and in most cases it's a plus on your income on your debt to income balance sheet.
If being a millionaire retiree is your future forte, then keep a close eye on the stock market stakes and ensure that you invest in the right stocks that suit you.
Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
I’ll recommend Vivian Klaine Morgan for you, her strategies is working for me for months now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Currently, I have a cash flow of 1000$ a month from my duplex(500 per side) from a 5% downpayment of 9300$ which I saved up working through school, which covers all my current expenses from a phone bill, Vehicle insurance/payments and even spending money to keep me busy, All of this alongside my job which is use to save for more real estate in the future. With a Biweekly accelerated mortgage, my 25-year mortgage was cut in half allowing me in 10 years to cash out refinance 80% of the appraised value of the home and put it into more down payments to expand my real estate portfolio. All of this at 18 years old
Dude you just told me what i always wanted to know after reading 'Rich Dad Poor dad', i.e ok i know what is liability and asset but how the hell to build assets? U rock man, keep up the good work.
This is one of the more complete tutorials I have see on basic rental income real estate investing. Kudos on that and the accuracy of the basic process. That being said it does lack a dose of reality. If you want a multi-unit property for $300,000 you can find one in 1978 (but the principles are still good - just need to adjust for realistic prices) Also need to add in vacancy rate since this assumes 100% occupancy with consistent paid-up renters for many years which is never the case. Also add in legal fees for the inevitable evictions from time to time and repairs between tenants ranging from cosmetic repairs to full rehabs and trash-outs. Don't forget the occasional major repairs like roof or HVAC replacement that can run into many thousands of dollars, wiping out much more than the $300/month repair allowance. Not to say this system does not work (I made most of my money in real estate investing), just go in with a strong sense of reality and have cash reserves to cover Murphy's law. I found land flips much less work and much higher returns. AND, never go cheap on insurance or legal counsel.
@@max.1q84 That depends greatly on your risk tolerance, available funds and location. Much of what I do does not work well in non-appreciating low growth areas like the Midwest but work well in California, Florida, Texas and other high growth areas with consistent appreciation. We are seeing a high potential for single family homes as urban pandemic quarantine survivors rethink the small footprint lifestyle - what works to mitigate climate change is the opposite of what works to slow the spread of a pandemic. If you are in a suburban area within 50 miles of an urban center, single family homes may be a good bet. 1/3 of LA renters in a survey last month said they are looking to the inland or other states where they can buy a house. That is 1/3 of 60% of 4 million people, almost 800,000, (just the city - 10 million if LA County) looking to move from city to suburb. And many can work remotely now.
@@SteveMatley I can see that shift where after quarantine, some people might want to rethink the small footprint style, but overall, the shift towards urban centers won't stop totally. It's predicted that by 2050, about 65% of Earth's population will be urban, I don't see this trend stopping anytime soon. That's so interesting about Los Angeles! I'm looking in the greater NYC area such as Central Jersey and Hudson County, NJ (Ex: Jersey City and Newark). I see some good prospects there for multi-family units under $200k (which is a steal in my opinion for the area). Once rehabbed, they can appreciate for over $400k minimum (I'm using 400k as my worst case scenario). I think the BRRRR method can work here.
This is some extremely valuable content Graham. I know you’re mainly doing this because you enjoy it, but you should know that you are changing lives. You’ve helped me a ton.
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my third house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
I find it extremely unlikely that you are going to reply but here it goes, a 2 unit apartment costs about 100 grand USD(90 lakh Indian rupees) in India(no option of buying a whole property due to population issue or only rich can afford) and the rent for that apartment is about $250-300 dollars- a maximum of $400 if you are lucky. Now there are 2 problems in India 1) in India mortgage interest is about 10% 2) with that amount of rent, ill never be able to cover up for the property. What is one supposed to do in such a situation. You've are been my favourite TH-camr related to finance so far. I hope you can read this and help me with this.
@@CalumNolan_ yea i prefer investing in stocks, returns are better than real estate. Though about that relocate part. Its hard for indians to get a citizenship of any country especially if you dnt have any money. You see india is strong on paper, but in reality it is very poor and hard to get citizen ship of say us or canada. Thanks tho♥️
@@morresat2621 i calculated and the return on investment was about 2 percent per year. Thats lower than inflation in my country(5%). It would take me 50 years to get the money ive invested. Counting the 10% rent hike every year lets consider that i would make my money back in 35 years. Ive not even counted inflation at this point. I agree planning for retirement is must but at this rate im just holding my money where i couldve just invest the money in dividend stocks, future and options or equities. Then i would've made far more money in the span of 35 years.
I'm 23 with a credit score over 700 and currently building up the downpayment money. Also live in a area where houses are all over for 25-50k and rent 550-750 no problem. I've been going towards this goal for years slowly. my only regret is not finding your videos sooner over the last few months watching your videos you've really inspired a change in my life for the better and jumpstarted me on this road.
Im in a very similar position, except I've been following for a while and currently building my businesses to afford a down payment. Also I'm in LA so I'm likely to have to find somewhere else to do this. My goal is to make and save $100k one year from today. Let's get this!
Lucky you im 27 and trying to save for a downpayment here in nyc where houses easily hit 1 million dollars. And thats in the ghetto places.... im start to think of moving to jersey lol
act fast man. supply and demand is gonna hit that area soon. It usually takes 5-6 years for an area to get flooded with investors and property rates to rise to the point mortgages about equal rents. The good news is, if you get in early, you'll profit off the rents AND can then sell the houses for a massive profit. The bad news, at sub $50k, you might have a hard time getting bank financing and may have to go with hard money lenders. It's not impossible, but you're gonna have to go digging around at credit unions and checking online-only mortgage lenders
Graham, absolutely love the videos man. I’ve read a lot about finance the last 5 years and have taken the easy approach with index funds through Vanguard up to this point but have been seriously considering real estate. I have always valued your concise and honest advice. You cut the bullshit and tell it like it is. Thank you. Like button is always destroyed and I subscribed a long time ago :)
These are some great strategies to implement however you’re missing some basic fundamentals financial principles that must be learned prior to this. #1 Have and keep good credit #2 The saving/abundance money mindset and discipline to save for a down payment and #3 Frugalness is your friend.
The cash out refinance is interesting in that banks are actually willing to loan you so much *after* you've already gotten a mortgage! Very cool *snowball* strategy Graham, thanks!
What people fail to understand is banks are in the retail and what they sale is money. The bank needs to give that money out to make money. I have a savings that I made $4.64 on it. One of my rentals $900 per month after all expenses very big difference.
Another angle on this strategy is if you are a veteran you can go zero down on that multi family of up to four units; live in it, renovate it, then utilizing your bonus entitlement this time do it again. Before you know it you have eight units and you're as deep as the cost of renovations.
Literally logged into quickbooks for the first time in a year and a half, and categorized all my expenses after watching your video. My accountant always watches it, so I never think about it. Lots of surprises all around. Some good, some bad, but I feel way better equipped for the future (and need to stop spending so much on job expenses). Thanks man.
I've been watching you for a while now. I buy a house at every place I get stationed then rent it when I leave. Right now I've got rentals in MA and ND while living in CO.
@@TopnotchX4underscore Not yet. It's not overwhelming with just two properties. Also I typically rent out to other Active Duty members who are stationed there after me. If they're bad tenants one quick call to their commander should do the trick.
This is the best overview of the way for regular people save and generate wealth in real estate. I've been telling people to do this for years...but now I'll just send them the link to this video.
Hello Graham! Step No.1 done :) (I used my own excel spreadsheet). In 2 months I will have my emergency fund done (6 months of expenses) and then is when I'm going to start my journey to have that 20% down payment. Hopefully will have it ready on dec. 2021 to start with my first duplex! Thank you!
Great advice! I go between your channel and bigger pockets! Started off with single family home and roommates and now slowly expanding! Great content bud!
This channel is very helpful. I live in New Zealand and bought my first home at the age of 26 in a fast growing small city. I always watch your videos and then try to relate them the the New Zealand laws and percentages. I worked for 8 years to save the deposit and now have a foot in the door. I believe that any millenial can buy a house if they prioritise saving money over spending. Thanks Graham
Even before watching this vid I added up all my expenses, met with my financial advisor and set up automatic deposits to my savings account monthly! Hearing this from Graham hypes me up even more! But the properties here in Toronto are so damn expensive, im looking at a 60k down payment (10%) which will take me about 3-4 years depending on how my investment portfolio performs!
leverage comes with risk. red ink will always carry risk. The banks are so happy that you can devise these numbers. Because it makes them rich while you carry the largest risk.
Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?
As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional
Graham when you built that suspense before saying to track your expenses for 4 months, I was certain you were going to say to smash the like button. So I smashed the like button. You’re good man. Well played.
I am 19 years old and I'm planning on buying my first rental property once I saved 10-20 grand. I also have been learning the art of Wholesaling so I can learn various exit strategies to secure deals even on a commercial level! Thanks Graham for your knowledge, its lead me to find a Founder of a Real Estate Club who does it for a living and will mentor me!
Im 43 and $30k in debt, but I decided from this video I'm gonna follow it to the T, once i pay off my debt, im gonna buy a multi-family unit here in NY/NJ to live in and rent out the other units. Pipe dream for someone who only makes $45-50k a year in NYC but I cant continue just renting and throwing away money.
John F. Hebert You’re on the right track. Pay off the debt and use your bank account to do it weekly. I made automatic small payments every week and it worked. Smallest debt first. I’m doing multi units now and have 21 units and I love it. You should always be on your guard for overspending no matter how much money you make. Keep a budget
WV W I’m so Jealous , I’m 16 rn and confused whether I should go in the real estate route which I’m very interested in or go to college which Idk what to do
Knowing your expenses every month is such a key step and goes hand in hand with tracking your income, especially if that varies. I can't tell you how much this has helped me with become more financially independent if you will. I highly recommend everyone track these no matter where they are on their financial journey.
I love this guy's video's, same concept as paying your house off in 5 to 7 years then renting it out getting a new home and so on and so on without much debt but i love both ways and keep the videos coming
Graham, the type of guy to retire by talking about how to retire with real estate, then talk about how talking about retiring led to retiring from real estate.
Every financial advisor on youtube. They make their money through ad revenue from their channel, selling the idea of how to get rich from what everyone knows and already tells you to do; invest in real estate and buy stocks. Who wouldve thought
@@robert_iacob That's true, but there's no comparison to it. TH-cam is a full time job at this point, real estate is 99.9% passive - so it makes sense i'd get way more from something i spend 6-8 hours daily on. I think if you break it down per hour of time i actually work right now between the two, real estate would still win.
Graham Stephan you are completely right! I just got monetized today actually, took me 10 months but I’m here. I am also building my real estate portfolio and credit score because of you. I enjoy learning from your videos.
This strategy only sounds awesome when you're living in America. Good luck finding a house for $300,000 let alone a triplex in Australia. A house in Melbourne or Sydney will cost a minimum 650-750k!
I love your videos! I am currently 17 and I already watched at least 20-30 of your videos so I could learn as much as I can about real estate and credit cards and taxes. I plan to get my real estate liscense when I turn 18 and I am currently saving as much money as I can to invest. My plan is to build my credit when I'm 18 with 3 different credit cards to increase my limit until I turn 19 hoping I will be capable of recieving a loan to get my first duplex/appartment to rent. Many tell me I should not put my self in debt in such a young age because if the tenant does not pay I will just cause myself bigger issues in the future and ruin my credit. I really want to hear about your opinion regarding a 19 year old getting a loan for an appartment and the ways to avoid all possible risks. Love your videos!
Risks are apart of life, when I was 19 I used my va loan to buy a house, everyone told me I shouldn't do it, but I read rich dad poor dad and I'm so glad I did, I run a successful wholesale operation and on my 2nd going on 3rd rental, sfh, I'm looking for multifamily next.
Gram said it once. Instead of making avocado toast on Saturday, you visit these houses which are available for sell/rent in your hood to earn some experience to spot good deal. Also smashing like button will help!
Graham, I have been in real estate for four years now I was not taking it seriously I work full-time as a civil engineer making over six figures . I have been doing it for 25 years but I love real estate I love investing I love living I love to hold probably my credit with her due to a divorce but it’s fixed and good now so I’m just starting to look at properties, to rent you are such an inspiration I love the information and it’s so valuable I do flips as well as wanted to do the Rental’s now only because of my age and needing the extra income . I’m trying to do what you did in 10 years but do it in 5 so I can leave my full time job and only focus on my businesses . Thank you for the Info good luck and god bless. Joe
This is awesome info. I almost paid off my house here in Vancouver Canada. I must start building a portfolio . I am so happy for you that left the 9to5 job and found your real passion !
Notification squaaad... id love to watch your video but I gotta study 😂😂 I’ll definitely check it out when I’m done... since I’m here, I’m going to drop a like anyways cause I know it’ll be good.
The wife and I are finally have our ducks in a row and are currently looking for a property to get this ball rolling. Your videos are amazing, keep it up 🍻
It is cashflowing UNTIL a tenant decides to move. Then the unit is not cash flowing for two months. Include the utilities and cleaning/paint you pay for until it is occupied again.
The concept is easy enough, but I'm having a hard time finding undervalued properties and competing with other more experienced investors. How should new investors find and win these BRRR deals?
Thats a scam if you don‘t know and I habe the same problem I mean I am not in the position were I can buy something but there isn‘t really something to buy
Ihad a hard time with that too (canada here. Southern ontario) so i decided to just buy a small move in readyhouse for a fair price. My plan is to live in it for a few years while saving another down payment then i will buy another house and move into there then rent out the first house
Hey I’m 20 years old and I’ve wanted to be huge in Real estate for many years now. I’m going into a prestigious Nursing career to fund this and after tax can claim about 100,000 a year in Utah so that’s like a lot here hah. I just wanted to say I find your videos informative and inspiring! People who disagree with your points have a very short train of thought ha.
How would these calculations work for LA? Let's say we can get a triplex at 800k. 800K Property - 3 Units 10% Down - 80,000 Finance 720k 4% 30 Years - 3437 per month Renovation - 30k Per Month Mortgage - 3400 Property tax - 800 Insurance - 300 Misc - 500 Total - 5000 Rent: One unit for 2k, one unit for 1k Costs: 2k Out of pocket: 110k +5k (first month renovations expense without rent) Mortgage Equity is around 1k per month.
Or more realistically a duplex at 600k 600k Property - 2 units 10% down - 60k Finance 540K 4% 30 years - 2578 per mont Renovation: 20k Per Month Mortgage - 2.6k Property tax - 600 Insurance - 200 Misc - 300 Total - 3.8k Rent: 2k Costs: 1.8k Out of pocket: 80k + (3.8k first month renovation expense without rent) Mortgage Equity is about 800 per month
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
The high prices have affected my retirement plan to retire at 62, work part-time, and build my savings. The stock market's volatility, combined with a reduced income, makes me anxious about having enough for retirement.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
I’ve been worried sick about the current state of my portfolio, who is your advisor?
Finding financial advisors like Sharon Marissa Wolfe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
This content is gold. This is not just another "you can do it" motivational video, it is an actual blueprint to riches. Take notes people...
On ut
On it
too bad it's all fantasy.
alessandro Cipollone why?
@@hughnelson5136 hes just saying that because he's not a winner. Let's make it happen
Some great ways to invest in your 20s include investing in low-cost index funds, opening a Roth IRA, and investing in real estate. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
@@sommersalt88 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@sommersalt88 This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
Real estate investment losing money is music to my ears.
Jenny Pamogas Canaya, that's whom i work with look her up..
how come you knows about her jenny pamogas canaya.
You reap what you sow, kid. Companies laying off employees to increase thier profits cause my invies to go up. You're a broke lose and will continue to be.
I retired at 39 from the Military then sold a business that was my side hustle at 41. After taxes I make about 70k a year just on that income, not a lot but at 54, I'm barely grey haired when my dad was bald at my age. Since 'retiring' I've started 3 businesses, 1 failed, the other two I still own and that adds another 60k a year and I 'work' about 20 hours a week. The point is; plan in your twenties and stick to it. have good advisors and just because you're 'Rich' don't buy what you think the 'Rich' buy. My oldest car is 13, my watch is 30 years old and I don't own the latest phone. I pay cash for just about everything and carry little to no unsecured debt. If your friends judge you by your 'stuff' get new friends or none at all. Peace brothers and Sisters.
i understand this so much. pls can you refer your adviser
@@tonimhamilton2072 her name is Lucy Maria Koss. look her up she's Awesome!!
@@robinsonbaker1963 scam
i would love to own my own business, how do you find winning ideas?
curious. what does it take to start your own business? did you have to have any technical skills? Or did you pay for someone to had the skills to make your ideas a reality?
This is how I started almost a year ago, sold my house and bought a 4 plex. Only gave 3 1/2 down. The rents cover the mortgage and water bill. Ive been fixing them up as the tenants move out and increased the rents from 700 to 900 . I live in one of the units
Nice! That's my dream.
That is what I am in the process of doing......saving for a down payment, buying a 4-plex or 3-plex, live in one of the units and rent the others out to pay for it.
How much is a complex usually ?
@@st3v3nb915 at least 100k per unit
Mario Anchondo III
I did it for a year. But 4 condos in one complex
It’s not a Graham Stephan video unless you get an ad halfway through with Dean Graziosi burning a real estate license.
I like the one with his daughter pointing that the stock market is about to crash, and wholesaling real estate is a better option
Graham Stephan hahaha or the one fishing in Idaho with his buds
Curtis Knight fishin with the boys
This is soo funny, I get that ad every single time I watch Stephan’s videos. 😂
Curtis Knight 😂
100% accurate video. Have done this for 20 years. Now have 42 unit I own and I manage 8 more for another lady.
That’s awesome!!
Tasnam how you do it out of state what you need? Who rent your house if you not there ? Who cut the grass and things like that?
@@betatrex1799 Unless you're rich don't buy property that isn't in the state you live in because you will be ripped off by property managers. Who cuts the grass? Uh, lawn maintenance crews that you pay.
@@LargerThanCats think out of the box, rent to students and cut don't their rent, if they take care for the house, Gras, let them do their own maintance. You will safe a lot of money and Taxes.
@@GoonRider19 What are you talking about? Here is your trophy for the most irrelevant comment.
The amount of time we spend believing we can't is more than enough time to learn how you can.
- my Brain
Hey! That was deep
Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today
Nice words 👌
For real it's true this could be the wisest word I've heard, you got my point
How good is your Expert trader cos I have seen good reviews about her
Finally, someone who says what they do and how it worked for them. Thank you!
Just did a cash out refi and bought my 3rd property! Next I'm going to invest in Avocado Toast Farms!
Awesome ;)
@@GrahamStephan Sorry I missed you at OREC this weekend. I had a migraine and had to drive an hour home. Can't wait to meet you in person one day and tell you how much of an inspiration you are!
Congrats on the 3rd property acquisition!
@@the_reel_uh_tour Thanks!
@@wyecroft1 My pleasure!
2 years in and the process of purchasing rental #10! It can be done but you have to be ready to sacrifice up front. Husband and I sold our 2500 sqft home down sized to a 950 sqft home, and thats with 3 kids. Took the money we made from the sale of the home and used that for down payments on 4 rentals. All this to say, if you really put in the work and get creative you too can make this a reality. And no we're not living the dream yet, we still juggle day jobs and all the activities 3 kids bring. 🏡🔨💵
That’s some incredible work! Especially doing all of that with 3 kids, what area is this in?
@@GrahamStephan Thank you! Southwest Ohio, we found a sweet spot with section 8. Thanks to all the slum lords, we have a very low vacancy rate. Its hard to find rental homes that are well maintained and updated in our area, so even the smallest updates go a long way.
@@dontreadmychanneldescripti7104 i would disagree. in the long run, think of all the intangible lessons they will pick up from their parents, who are on perma hustle mode. you don't want to raise kids who can't be out of their comfort zone. expose them to hard work early. this does that. expose them to finances and investments early, this does that. expose them to building real skills by negotiating with contractors, learning trades, screening tenants, etc., this does that. and at the end, what they will likely get is very tangible - little business units making money. this is what precisely parents should be doing with their kids.
LOVE THIS. we have an 8 month old. 2 months after she was born, we broke ground on a 1bd/1ba ADU, and we're literally just finishing tomorrow, and the renter should be moving in on Monday. Our house has been a construction zone for the last 6 months while the unit was being built above the garage. of course it has been stressful, uncomfortable, lack of privacy, and other stuff. But - we created a completely separate stream of income. Now we'll finish small fixes on our main house, refi, rent it out, then buy a multi unit and get right to the next one, while these two cash flow. love to hear stories like yours, where work now pays off for the future.
@@cwr8618 Thats great to hear and wish you much success! We just sold the 950 sqft house made a great profit, moving onto our next live-in flip. With now 16 rentals I'll be quiting the day job in 3 months with husband to follow next year. Its not always easy but definitely worth the hard work.
Thank you for sharing your valuable information, and for making it so easy to understand
Thanks for watching!
@@GrahamStephan Graham can you please make a video regarding renting house and if it is profitable.
What you think of pulling out money from your home it’s paid off, at today’s interests and use the money to invest in RE ?
This is why I watch Graham. Videos like this without the "now this is explained in my book so i'll leave you with less info so you can read for yourself," line out of the blue makes me keep coming back. Keep up the great work.
Like Button Smashed!
Interesting video; I wish I had more time for experimentation, but I'll be 50 by next year, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $3 million by the age of 65.
You should have begun a long time ago, and considering you are not conversant with the market,, I'd recommend you seek advice or help from a financial expert to aid you in establishing a practical and achievable plan.
That's right, contacting a consultant during the pandemic was how I was able to navigate the chaotic stock decline
Over the last 4months, and I've generated around $286K in net income. Having a coach like Lisa Ann Moberly, has significantly strengthened my credibility and perspective on the market.
Learning about real estate math instead of studying for finals >
🙌🏼
more useful!
Cathryn Jenner Study for finals too ur gonna need that downpayment money
Its more useful
Probably more practical in the real world than a lot of college degrees.
Honestly, at 17(as of tomorrow), I love watching your videos that provide me with invaluable knowledge/power. My future always looks brighter with a plan in place.
awesome!
Happy b day
Yo wtf I’m turning 17 tmr too haha 02 gang
Dude, just make sure you stay OUT of college, and save yourself years of financial issues.
@@zoggyfly nah boi 01 squad
Graham, you're one of the most valuable TH-camrs on the platform.. I house hacked a 6 bed student housing SFH in college and now it's cash flowing ~$1k per month after I just moved out. Closed on #2 last week!
Congratulations!! What area?
@@GrahamStephan Cleveland, OH!
This was possibly the greatest video for beginners that don’t understand real estate
He just explained to us the path towards retiring in 10 years time. Truly mind blowing when you're explaining it to commoner like me who might not even retire after working my 9 - 5 for 40+ years... So this is what the "path less taken" means. O___O
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@Lucas Williams Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@Lucas Williams I hope that’s when I can buy an apartment when the housing market tanks.
Looks like you lost
The information available now is incredible. Wish I had all this information when I was in my 20s and 30s.
Damn, I needed this when I was in my 20s. Life would be much different now.
Better late than never!
I’m 18
Im 21
im 24 and realized i got a va home loan to kickstart with. no more being unable to afford the dollar menu T-T
Mr Danker I should have my first property by 21:)))))
This sounds great on the surface, and is very factual in part. The problem occurs when you get to the 3rd or 4th property with increased debt, and the bank simply won't give another loan due to your now very high debt to income ratio.
Your income will go up with your debt linearly, and you should have enough income in the first place to cover your back. That combined with a good credit score should allow you to take the loans. A 200 usd difference between income and expenses on housing alone per property is not big, your "normal" income should be able to cover that
@@somedude2492 I'm sure bank approvals work out fine for some investors, but in many cases including my own, people have personal real estate debt (no rental income) as well as a fair amount of revolving debt -- both can drastically affect your DTI. Also for me -- one of my properties is a short term rental property (vacation home -- seasonal rental only). You combine this with tax returns that take full advantage of the allowed write-offs, and it can bring your bottom line really low causing banks to turn you down. At this stage until I can pay one of them down or entirely off...I'm stuck without being able to add more to my investment portfolio. And I think many other investors would have similar situations...not everyone has lucrative day jobs to keep DTI's low.
When you have a renter, if the numbers work out, it zeros out your "debt" and in most cases it's a plus on your income on your debt to income balance sheet.
If being a millionaire retiree is your future forte, then keep a close eye on the stock market stakes and ensure that you invest in the right stocks that suit you.
Investing in the stock market is the best option to make a passive income.
Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
How possible is it to earn a thousand dollar per month on the stock market?
most stocks in my portfolio are underperforming and there’s too much volatility with key stocks. Which stocks would you recommend I buy?
I’ll recommend Vivian Klaine Morgan for you, her strategies is working for me for months now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
you got any possible means of getting more info on her services?
I just made .5¢ on TH-cam i think I’m getting ready to retire
Multiply that by 1000 videos and there you go ;)
@@GrahamStephan wow its that easy lol
@@GrahamStephan hi need help create videos from posts
fir my two websites
ichra7.com
and
mobilegeek.mobi
what app do u recommand?
Goals.
Once you get the ball rolling it's amazing how much money you can make with Real Estate.
Agreed!!
Trouble is getting the ball rolling
Currently, I have a cash flow of 1000$ a month from my duplex(500 per side) from a 5% downpayment of 9300$ which I saved up working through school, which covers all my current expenses from a phone bill, Vehicle insurance/payments and even spending money to keep me busy, All of this alongside my job which is use to save for more real estate in the future. With a Biweekly accelerated mortgage, my 25-year mortgage was cut in half allowing me in 10 years to cash out refinance 80% of the appraised value of the home and put it into more down payments to expand my real estate portfolio. All of this at 18 years old
Jeffrey Lyle not terrible
That’s absolutely incredible!! Such good work!
@@GrahamStephan Thanks I appreciate it, Learnt a lot from your videos and its where my inspiration and motivation came from!
Great job Jeff!
You got the 5% down payment by living in one of the 2 sides?
Dude you just told me what i always wanted to know after reading 'Rich Dad Poor dad', i.e ok i know what is liability and asset but how the hell to build assets? U rock man, keep up the good work.
Rich dad poor dad guy is a scam artist. Doesnt teach people how to actually DO anything. Grahams channel is way more valuable!
This is one of the more complete tutorials I have see on basic rental income real estate investing. Kudos on that and the accuracy of the basic process. That being said it does lack a dose of reality. If you want a multi-unit property for $300,000 you can find one in 1978 (but the principles are still good - just need to adjust for realistic prices) Also need to add in vacancy rate since this assumes 100% occupancy with consistent paid-up renters for many years which is never the case. Also add in legal fees for the inevitable evictions from time to time and repairs between tenants ranging from cosmetic repairs to full rehabs and trash-outs. Don't forget the occasional major repairs like roof or HVAC replacement that can run into many thousands of dollars, wiping out much more than the $300/month repair allowance. Not to say this system does not work (I made most of my money in real estate investing), just go in with a strong sense of reality and have cash reserves to cover Murphy's law. I found land flips much less work and much higher returns. AND, never go cheap on insurance or legal counsel.
Steve Matley wow thanks for information Steve. Flips seems to be much more of a hassle and intimidation for a newbie like me
What would be realistic in 2020 Steve?
@@max.1q84 That depends greatly on your risk tolerance, available funds and location. Much of what I do does not work well in non-appreciating low growth areas like the Midwest but work well in California, Florida, Texas and other high growth areas with consistent appreciation. We are seeing a high potential for single family homes as urban pandemic quarantine survivors rethink the small footprint lifestyle - what works to mitigate climate change is the opposite of what works to slow the spread of a pandemic. If you are in a suburban area within 50 miles of an urban center, single family homes may be a good bet. 1/3 of LA renters in a survey last month said they are looking to the inland or other states where they can buy a house. That is 1/3 of 60% of 4 million people, almost 800,000, (just the city - 10 million if LA County) looking to move from city to suburb. And many can work remotely now.
@@SteveMatley I can see that shift where after quarantine, some people might want to rethink the small footprint style, but overall, the shift towards urban centers won't stop totally. It's predicted that by 2050, about 65% of Earth's population will be urban, I don't see this trend stopping anytime soon.
That's so interesting about Los Angeles!
I'm looking in the greater NYC area such as Central Jersey and Hudson County, NJ (Ex: Jersey City and Newark). I see some good prospects there for multi-family units under $200k (which is a steal in my opinion for the area). Once rehabbed, they can appreciate for over $400k minimum (I'm using 400k as my worst case scenario). I think the BRRRR method can work here.
This is some extremely valuable content Graham. I know you’re mainly doing this because you enjoy it, but you should know that you are changing lives. You’ve helped me a ton.
So happy it’s helpful!
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my third house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
finally someone that can actually teach you something instead of trying to get views and subscribers
Truth be told, I have my portfolio managed by an investment adviser, with her help i was able to make huge profits from my investments.
@@driftgod7894 telll me all about her?
@@lindaford493 You can look her up online, her name is FREDA LYNN JOHNSON. She does a very nice and thorough job
Good stuff! I am 53, and just finished law school! With this info, I can get myself in a better position for retirement!
I find it extremely unlikely that you are going to reply but here it goes,
a 2 unit apartment costs about 100 grand USD(90 lakh Indian rupees) in India(no option of buying a whole property due to population issue or only rich can afford)
and the rent for that apartment is about $250-300 dollars- a maximum of $400 if you are lucky.
Now there are 2 problems in India
1) in India mortgage interest is about 10%
2) with that amount of rent, ill never be able to cover up for the property.
What is one supposed to do in such a situation. You've are been my favourite TH-camr related to finance so far. I hope you can read this and help me with this.
Relocate. Find a solution
@@CalumNolan_ yea i prefer investing in stocks, returns are better than real estate. Though about that relocate part. Its hard for indians to get a citizenship of any country especially if you dnt have any money. You see india is strong on paper, but in reality it is very poor and hard to get citizen ship of say us or canada. Thanks tho♥️
Not all business is expected to give back the total sum within a short period, but as a cash flow for your retirement.
@@morresat2621 i calculated and the return on investment was about 2 percent per year. Thats lower than inflation in my country(5%). It would take me 50 years to get the money ive invested. Counting the 10% rent hike every year lets consider that i would make my money back in 35 years. Ive not even counted inflation at this point. I agree planning for retirement is must but at this rate im just holding my money where i couldve just invest the money in dividend stocks, future and options or equities. Then i would've made far more money in the span of 35 years.
Great video! Smashed the LIKE BUTTON!
Thanks so much!
@@mdsaifuddinahmedatique4170 yes bank will do
I'm 23 with a credit score over 700 and currently building up the downpayment money. Also live in a area where houses are all over for 25-50k and rent 550-750 no problem. I've been going towards this goal for years slowly. my only regret is not finding your videos sooner over the last few months watching your videos you've really inspired a change in my life for the better and jumpstarted me on this road.
Zack Howard nice dude! What state are you in?
Im in a very similar position, except I've been following for a while and currently building my businesses to afford a down payment. Also I'm in LA so I'm likely to have to find somewhere else to do this. My goal is to make and save $100k one year from today. Let's get this!
Indiana
Lucky you im 27 and trying to save for a downpayment here in nyc where houses easily hit 1 million dollars. And thats in the ghetto places.... im start to think of moving to jersey lol
act fast man. supply and demand is gonna hit that area soon. It usually takes 5-6 years for an area to get flooded with investors and property rates to rise to the point mortgages about equal rents.
The good news is, if you get in early, you'll profit off the rents AND can then sell the houses for a massive profit.
The bad news, at sub $50k, you might have a hard time getting bank financing and may have to go with hard money lenders. It's not impossible, but you're gonna have to go digging around at credit unions and checking online-only mortgage lenders
Graham, absolutely love the videos man. I’ve read a lot about finance the last 5 years and have taken the easy approach with index funds through Vanguard up to this point but have been seriously considering real estate. I have always valued your concise and honest advice. You cut the bullshit and tell it like it is. Thank you.
Like button is always destroyed and I subscribed a long time ago :)
It's nice to see someone pushing quality content!
and i'm watching this 4 hours before my exams -_
These are some great strategies to implement however you’re missing some basic fundamentals financial principles that must be learned prior to this. #1 Have and keep good credit #2 The saving/abundance money mindset and discipline to save for a down payment and #3 Frugalness is your friend.
🙌🏼
Amazing content lately Graham, loving the focus on FIRE.
Thanks!!
The cash out refinance is interesting in that banks are actually willing to loan you so much *after* you've already gotten a mortgage! Very cool *snowball* strategy Graham, thanks!
Influencer Unchained the bank pays off your old loan for you, they need the deed to the property as collateral.
Good business for them. Whoever they bought out no longer gets interest payments but they do now.
What people fail to understand is banks are in the retail and what they sale is money. The bank needs to give that money out to make money. I have a savings that I made $4.64 on it. One of my rentals $900 per month after all expenses very big difference.
Thanks for the replies guys! This makes sense now.
Another angle on this strategy is if you are a veteran you can go zero down on that multi family of up to four units; live in it, renovate it, then utilizing your bonus entitlement this time do it again. Before you know it you have eight units and you're as deep as the cost of renovations.
Literally logged into quickbooks for the first time in a year and a half, and categorized all my expenses after watching your video. My accountant always watches it, so I never think about it. Lots of surprises all around. Some good, some bad, but I feel way better equipped for the future (and need to stop spending so much on job expenses). Thanks man.
Every time I'm first I get stronger and stronger
BOOM!!! BACK AT IT TODAY!
:(
Power level over 9000
Are we going to get another update B Lee or is that so 2018 with the GrahamStephan Goals Challenge?
You're providing such a great service to people! You're a good person :)
Keep it up
I've been watching you for a while now. I buy a house at every place I get stationed then rent it when I leave. Right now I've got rentals in MA and ND while living in CO.
🙌🏼
That's awesome! get that Rental income!
Do you have a property manager?
@@TopnotchX4underscore Not yet. It's not overwhelming with just two properties. Also I typically rent out to other Active Duty members who are stationed there after me. If they're bad tenants one quick call to their commander should do the trick.
Normally, I'm tempted not to hit the like button, but I just had to because the content of this video is pure gold. Thank you!
This is the best overview of the way for regular people save and generate wealth in real estate. I've been telling people to do this for years...but now I'll just send them the link to this video.
Starting my first Module in Real-Estate
Hello Graham! Step No.1 done :) (I used my own excel spreadsheet). In 2 months I will have my emergency fund done (6 months of expenses) and then is when I'm going to start my journey to have that 20% down payment. Hopefully will have it ready on dec. 2021 to start with my first duplex! Thank you!
Great advice! I go between your channel and bigger pockets! Started off with single family home and roommates and now slowly expanding! Great content bud!
i nearly whatched all ur vidoes i love you man
This channel is very helpful. I live in New Zealand and bought my first home at the age of 26 in a fast growing small city. I always watch your videos and then try to relate them the the New Zealand laws and percentages. I worked for 8 years to save the deposit and now have a foot in the door. I believe that any millenial can buy a house if they prioritise saving money over spending. Thanks Graham
Great video. Content is right up my alley. :)
Living proof it works! 🙌🏼
Ah another real estate vid that'll turn us into the ultimate real estate moguls. Thanks Graham!
I hope so :)
The only thing your turning into is a broke bum.
@Dogs Sing Why're you all so negative 😂😴
Dogs Sing Why are you so mad today? Did you forget to pack your lunch for school?
Don’t buy liabilities, unless it’s a Tesla Model 3.
Yes ;)
Why tesla 3?
@ sarcasm
You regurgitating Kiyosaki?
It was named safest car of the year last year.
It's basically life insurance but on wheels
This guy @graham Stephan is changing lives...! can't thank enough. keep them(vdos) coming...
Thanks!!
Even before watching this vid I added up all my expenses, met with my financial advisor and set up automatic deposits to my savings account monthly! Hearing this from Graham hypes me up even more! But the properties here in Toronto are so damn expensive, im looking at a 60k down payment (10%) which will take me about 3-4 years depending on how my investment portfolio performs!
leverage comes with risk. red ink will always carry risk. The banks are so happy that you can devise these numbers. Because it makes them rich while you carry the largest risk.
This is why we keep fat piles of cash lying around aka emergency funds
Start an LLC
My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.
Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?
The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for
All you need is a professional trader to avoid making losses
As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional
How can someone know a professional ccount manager that is trustworthy when legit once are hard to find this days.
That's some great info right there !
Thanks so much!
Love this Graham! This is how my wife and I achieved LeanFire financial independence. Now we’re working on FatFire Financial Independence! 🔥🔥🔥😁😁😁
That was the single most in depth and easy to watch video on investing in real-estate ever... thank you
This is something that I've been doing for a long time! This information is great!
This was extremely helpful! Thank you for breaking down the numbers, I am currently saving up for an investment property. This info was great! : )
Thanks for watching!
Lol guys good luck finding a decent 3 bedroom home in the Bay Area for less than 1.5 million😂
Right?!?
Graham when you built that suspense before saying to track your expenses for 4 months, I was certain you were going to say to smash the like button. So I smashed the like button. You’re good man. Well played.
I am 19 years old and I'm planning on buying my first rental property once I saved 10-20 grand. I also have been learning the art of Wholesaling so I can learn various exit strategies to secure deals even on a commercial level! Thanks Graham for your knowledge, its lead me to find a Founder of a Real Estate Club who does it for a living and will mentor me!
Awesome!!!
When Tai Lopez pulled up, "whatever you want" I was dead laughing.
*TH-cam*
*Real Estate*
*Buying Graham's Course*
*Smashing the like button*
*Avocado toast*
Wrapping the tesla!!
TH-cam: done
Buying Graham’s course: done
Real estate: I’m coming for ya
Im 43 and $30k in debt, but I decided from this video I'm gonna follow it to the T, once i pay off my debt, im gonna buy a multi-family unit here in NY/NJ to live in and rent out the other units. Pipe dream for someone who only makes $45-50k a year in NYC but I cant continue just renting and throwing away money.
John F. Hebert You’re on the right track. Pay off the debt and use your bank account to do it weekly. I made automatic small payments every week and it worked. Smallest debt first. I’m doing multi units now and have 21 units and I love it. You should always be on your guard for overspending no matter how much money you make. Keep a budget
WV W I’m so Jealous , I’m 16 rn and confused whether I should go in the real estate route which I’m very interested in or go to college which Idk what to do
Knowing your expenses every month is such a key step and goes hand in hand with tracking your income, especially if that varies. I can't tell you how much this has helped me with become more financially independent if you will. I highly recommend everyone track these no matter where they are on their financial journey.
I love this guy's video's, same concept as paying your house off in 5 to 7 years then renting it out getting a new home and so on and so on without much debt but i love both ways and keep the videos coming
:)
In short buy a bunch of properties rent em and relax
exactly
Rent them or lease them? And does it matter?
Make sure the BAR is good thought.
Ok how do i start with one though
Christopher D'Andrea sans thing
Graham, the type of guy to retire by talking about how to retire with real estate, then talk about how talking about retiring led to retiring from real estate.
Retired at 29 - by talking about how to retire at 29
Every financial advisor on youtube. They make their money through ad revenue from their channel, selling the idea of how to get rich from what everyone knows and already tells you to do; invest in real estate and buy stocks. Who wouldve thought
LOL Hilarious!
@@GrahamStephan Double Hilarious!
@@listed216 Na Graham and a lot of other higher tier financial experts tell us the tricks.
I legit am glad he tells me to smash the like button cuz i would have forgot
I’m really glad I found your channel. Great, solid, info which will help me in life. I’ve already learned so much from you. Thanks mate.
Thanks for watching!
This one is really good!!! I'm gonna take notes on this down for my real estate journey. Thank you, Graham.
By getting monetized on TH-cam
"How Retire from Investing in Real Estate: Make videos about investing in Real Estate"
Graham Stephan haha I saw your interview with Nate. You make more off talking about real estate on TH-cam than you do in real estate ✅💵
@@robert_iacob That's true, but there's no comparison to it. TH-cam is a full time job at this point, real estate is 99.9% passive - so it makes sense i'd get way more from something i spend 6-8 hours daily on. I think if you break it down per hour of time i actually work right now between the two, real estate would still win.
Graham Stephan you are completely right! I just got monetized today actually, took me 10 months but I’m here.
I am also building my real estate portfolio and credit score because of you. I enjoy learning from your videos.
Robert Iacob haw many subscribers do you need to get monetize.
This strategy only sounds awesome when you're living in America. Good luck finding a house for $300,000 let alone a triplex in Australia. A house in Melbourne or Sydney will cost a minimum 650-750k!
Deals are everywhere.
I love your videos!
I am currently 17 and I already watched at least 20-30 of your videos so I could learn as much as I can about real estate and credit cards and taxes. I plan to get my real estate liscense when I turn 18 and I am currently saving as much money as I can to invest. My plan is to build my credit when I'm 18 with 3 different credit cards to increase my limit until I turn 19 hoping I will be capable of recieving a loan to get my first duplex/appartment to rent. Many tell me I should not put my self in debt in such a young age because if the tenant does not pay I will just cause myself bigger issues in the future and ruin my credit. I really want to hear about your opinion regarding a 19 year old getting a loan for an appartment and the ways to avoid all possible risks. Love your videos!
Risks are apart of life, when I was 19 I used my va loan to buy a house, everyone told me I shouldn't do it, but I read rich dad poor dad and I'm so glad I did, I run a successful wholesale operation and on my 2nd going on 3rd rental, sfh, I'm looking for multifamily next.
Follow your dreams! Listen to their advice and just be prepared if something was to happen.
You're one of the few youtubers i actually 'smash the like button' for
Super sold advice as usual. You're awesome Graham! Keep the vids rolling. Thanks.
Hi Graham can you show us how we can find those 2 to 4 unit houses
Zillow, Redfin, MLS, realtor.com, an actual realtor, etc
Gram said it once. Instead of making avocado toast on Saturday, you visit these houses which are available for sell/rent in your hood to earn some experience to spot good deal. Also smashing like button will help!
Search multi family housing on those realtor apps. I found several in my hometown. 6 units for 240k. They just need renovations.
I just googled "duplex for sale san diego" and it worked, though it showed me that I can't do that here. :(
Kevin Simon lol yup I’m in SD if it’s not the hood you’re looking at 6-800k for a decent duplex
This is hella dope. I'm making a good salary but I don't feel like working for the man until I'm ded
This is the way to go!
LOL 300k for 3 units! Here in seattle a one bedroom condo is 500k+
Yup
Don’t buy in Seattle go to Tacoma or Bothell
Not sure what is funny I bought a 3 bedroom house in Hyde park NY for 100k.
@@JJason406 what? need to speak to you then!
@@wanynyc just google 59 windmill rd poughkeepsie ny 12601it should show up on realtor website. Currently selling the house
Graham,
I have been in real estate for four years now I was not taking it seriously I work full-time as a civil engineer making over six figures . I have been doing it for 25 years but I love real estate I love investing I love living I love to hold probably my credit with her due to a divorce but it’s fixed and good now so I’m just starting to look at properties, to rent you are such an inspiration I love the information and it’s so valuable I do flips as well as wanted to do the Rental’s now only because of my age and needing the extra income .
I’m trying to do what you did in 10 years but do it in 5 so I can leave my full time job and only focus on my businesses .
Thank you for the Info good luck and god bless.
Joe
You got it man!! Keep me posted on your journey!!
This is awesome info. I almost paid off my house here in Vancouver Canada. I must start building a portfolio . I am so happy for you that left the 9to5 job and found your real passion !
Notification squaaad... id love to watch your video but I gotta study 😂😂 I’ll definitely check it out when I’m done... since I’m here, I’m going to drop a like anyways cause I know it’ll be good.
haha enjoy! :)
Samer Henen should be the other way around brobro, switch your priorities fr
ThisisFerrariKhan I have bro.. I always keep Graham first... but yesterday was insane for me.. I had to
Samer Henen lol I can respeck it 👌🏾
The wife and I are finally have our ducks in a row and are currently looking for a property to get this ball rolling. Your videos are amazing, keep it up 🍻
Mustve taken hours for you to remember all that math. I definitely smashed that like button.
Thanks! I took notes that I check on for this!
I always SMASH the like button before your videos start thank you for your time and effort for giving us FREE education!
It is cashflowing UNTIL a tenant decides to move. Then the unit is not cash flowing for two months. Include the utilities and cleaning/paint you pay for until it is occupied again.
Can I retire by smashing the like button? 😂
You can easily retire by smashing the notification bell, too ;)
@@GrahamStephan That's true especially if followup actions are taken.
Naw....But If you got a BBC (Like me) you can retire early from smash a rich white woman
Yes
I'm not sure about you but Graham probably could
The concept is easy enough, but I'm having a hard time finding undervalued properties and competing with other more experienced investors. How should new investors find and win these BRRR deals?
Thats a scam if you don‘t know and I habe the same problem I mean I am not in the position were I can buy something but there isn‘t really something to buy
Same for me too you literally have to either convert existing homes legally or out of state.
Ihad a hard time with that too (canada here. Southern ontario) so i decided to just buy a small move in readyhouse for a fair price. My plan is to live in it for a few years while saving another down payment then i will buy another house and move into there then rent out the first house
Do you cash out refinance before or after the 12-24 months of living at the duplex triplex or quadplex
ra'eed umar during
Hey I’m 20 years old and I’ve wanted to be huge in Real estate for many years now. I’m going into a prestigious Nursing career to fund this and after tax can claim about 100,000 a year in Utah so that’s like a lot here hah. I just wanted to say I find your videos informative and inspiring! People who disagree with your points have a very short train of thought ha.
How would these calculations work for LA? Let's say we can get a triplex at 800k.
800K Property - 3 Units
10% Down - 80,000
Finance 720k 4% 30 Years - 3437 per month
Renovation
- 30k
Per Month
Mortgage - 3400
Property tax - 800
Insurance - 300
Misc - 500
Total - 5000
Rent: One unit for 2k, one unit for 1k
Costs: 2k
Out of pocket: 110k
+5k (first month renovations expense without rent)
Mortgage Equity is around 1k per month.
Or more realistically a duplex at 600k
600k Property - 2 units
10% down - 60k
Finance 540K 4% 30 years - 2578 per mont
Renovation: 20k
Per Month
Mortgage - 2.6k
Property tax - 600
Insurance - 200
Misc - 300
Total - 3.8k
Rent: 2k
Costs: 1.8k
Out of pocket: 80k + (3.8k first month renovation expense without rent)
Mortgage Equity is about 800 per month
That’s a horrible deal. It should cash flow 8-12 percent what you put in at least.