how i started a business with 0$ : 1. started a business with 600k 2. business made me about 10k a month 3. after 5 years it paid itself and now my business costs 0$

@johnw6389

5 жыл бұрын

I got a chuckle with that one... :o)

@TheRealSkillman

5 жыл бұрын

That's how I felt watching this video.

@wulvershon8948

5 жыл бұрын

Alaeddine Bensalem 420 blaze m

@elizulie

5 жыл бұрын

this is legit the problem with rich peoples idea of having no money. they see 0 dollars as the moment after they invest into a business. not actually having 0 to work with.

@Axtrosity

5 жыл бұрын

funkydiscoduck u sound broke af

now this video is going to pay his loan. smart guy

@JV-mk3bl

4 жыл бұрын

His tenant is paying for the loan. Paying off a loan given at such a low interest rate is a noob move. He knows better than to use cash to pay off a loan early. He will instead invest it at an average of 7 percent compound interest and let his tenant pay the loan over time. :)

@ArcticProxy

4 жыл бұрын

@@JV-mk3bl Well said

@stuff5109

4 жыл бұрын

​@@JV-mk3bl You are correct that you don't want to tie up your money in real estate when interest rates are low. Unlike the average Joe, Graham's goal wasn't to buy this place to live in it, or even flip it. He saw it as rental property. He probably needs tenants willing to pay $4K/month to break even. Being a landlord is too much work for most people. Title should have been "How I got all of my money out of a rental property" but then no one would have watched.

@RollaMekidiche

4 жыл бұрын

Indeed 🤣🤣🤣🤣🤣

@aladyherhomeherhustle7208

4 жыл бұрын

Only smart folks will survive this earth

Geez, imagine a monopoly game with this guy.

@isabellachen8519

3 жыл бұрын

ahahah this is such an underrated comment

@obnoxiouscat6269

3 жыл бұрын

🤣🤣🤣

@jtwarper2963

2 жыл бұрын

Why would you bother you'd lose in 4K

@PieShiido

2 жыл бұрын

Lollll

@WQQKIE

2 жыл бұрын

Just thinking about it makes me feel like I already lost

To get stuff for free, all you need is lots of money.

@Live-Life-Freely

4 жыл бұрын

Yes, otherwise it's called welfare.

@ELgeneral-pl9yg

4 жыл бұрын

lmao

@danielshaikhali5108

4 жыл бұрын

You need to build your credit score. He has worked hard become a long term subscriber

@SunSunSunn

4 жыл бұрын

Lmao I snorted, but facts. Rich get richer. Sucks for the poors

@Mannifred3000

3 жыл бұрын

If you can explain your plan good enough to a person who can afford the deal and trust you, it is also possible without owning the money :)

I got a house for $0 too. The police came later tho

@virx7944

5 жыл бұрын

BRUH....

@vapeking466

5 жыл бұрын

You cannot just steal houses because the owner will eventually swing by.

@user-tu2gg6dl9j

5 жыл бұрын

I had a house for £0 also It was given to me

@Flaw8Less

5 жыл бұрын

Lol

@juliafernandez8788

5 жыл бұрын

🤦🏻‍♀️🤭🤪😆

So basically: "I used the loans to destroy the loans"

@AMessengerofTruth

4 жыл бұрын

lmao

@brendanlogan-bloom818

4 жыл бұрын

Most underrated comment💀

@jflores85

4 жыл бұрын

The deed is done.

@7urkm3n

4 жыл бұрын

Indeed

@rat123mumu

4 жыл бұрын

More like "I used the loan to put myself more in debt"

The only disadvantage of watching graham is all the 'get rich' quick scam ads...

@lolom8772

3 жыл бұрын

Cazi Grey that’s just rude

@darkcarnival5207

3 жыл бұрын

That surprises you ?!?!?!?

@woulfe42

3 жыл бұрын

Yes watching the get quick rich schemes while watching a video of the same b.s. lol.... This guy might not be as much of a scammer as the others but, his still no choir boy when it comes to sharing how to make money that should be apparent to anyone seen the title verse the content that he's giving.

@darkcarnival5207

3 жыл бұрын

@@woulfe42 And the whole time he rails against those that re-package information already out there for the world to see while.....he.....well,......re-packages information already out there for the world to see. He says he's a licensed real estate agent and he bought this property just outside Los Angeles. Anyone can go to the California Bureau or Real Estate (CA BRE) and do license look up (like I just did) and there's no one licensed in CA named Graham Stephans. Or Stephan Graham. Or any sort of combination of of spellings, Steve, Steven, Stephan, Steph - none. Except for within his own mind, does this guy even exist?

@austininflorida

3 жыл бұрын

@@darkcarnival5207 California DRE number 01852388. It wasn't that hard to look up. It's listed on his employer's website.

Nice concept. RE is the eighth wonder of the world

@hilomdulom8689

3 жыл бұрын

Keep uploading videos richard. Love your content!👍

@bjornking9899

3 жыл бұрын

What is RE?

@aadhilsameer7219

3 жыл бұрын

No compounding is the 8th wonder

@rocketegg4454

3 жыл бұрын

@@bjornking9899 Real Estate

@rocketegg4454

3 жыл бұрын

@@aadhilsameer7219 No Internet is the 8th wonder of the world

Step 1: Become a bricklayer. Step 2: Steal one brick everyday. Step 3: After a year or later, you'll have the experience and materials to build a house for free.

@KnightDriveTV

4 жыл бұрын

No, you'll have 365 bricks and a felony theft charge.

@brianyildirim2804

4 жыл бұрын

KnightDriveTV but if you do it on a leap year, then you have 366!

@patriciaearley4177

4 жыл бұрын

@@KnightDriveTV lol👍😂

@christianketels300

4 жыл бұрын

Bricklayers don’t normally work for other people, your just taking a loss

@blakeramsey3373

4 жыл бұрын

@@christianketels300 Ya they do. They are hired by contractors who pay for the materials and pay the workers their salary

Next video: How I live without breathing

@snoolee7950

5 жыл бұрын

How I eat without my hands or a fork.

@zZFuRiouSZz

5 жыл бұрын

you see the haters will say "graham you had to take in the oxygen to return gas to the outer world, but you gotta understand that the net exchange in volume of the gases is 0, so I obviously can live without breathing"

@ThoughtsInVideo

5 жыл бұрын

@@snoolee7950 that's @BeatTheBush

@midboys

5 жыл бұрын

You use someone else's breathe to preserve your own so you can use the O2 in space where you can get can back more out of it .

@Prolific9

5 жыл бұрын

Brahhhhh!!!!!🤣🤣😂😂😂😂😂

Did everyone except me understood what he was saying?😂

@belphemmore3802

4 жыл бұрын

Nah, ur just a genius

@thomasveysey7363

4 жыл бұрын

i don’t get how he paid off a loan with a loan and then called the difference profit ?

@ericjansen5503

4 жыл бұрын

@@thomasveysey7363 Well I doubt us mere peasants could help ya there, but you could comment it on a more recent vid of his, he does actually seem to pay attention to his commenters. Or if that doesn't work out you could always ask quora or reddit. Either way you'll be learning (for free mind you) information that can make you thousands later on. Which sure sounds like a pretty sweet deal to me!

@oumaimasellama5990

4 жыл бұрын

I also didn't understand 🤦I'm I stupid or he is just a genius lol

@bazirancovek

4 жыл бұрын

I fell asleep as usual when watching yt

It hurts my swedish ears to hear him say that 3.7% is low. Welcome to Sweden, I have 1.2% interest rate on my home.

@Luis-xj6nf

4 жыл бұрын

Welcome to America. We pay 27% on credit cards too.

@WorkHardBeNice

4 жыл бұрын

Great home loan rate but I've read the Swedes pay *well* over 50% of their income in taxes. P.S. It's worth the extra money to live in America.

@giovannyf99

4 жыл бұрын

@@WorkHardBeNice now throw in insurance costs of the us and you're left with around the same amount. Add quality of life that Sweden has from healthcare, paid time off, maternity leave, college costs, higher life expectancy, yeah Sweden's definitely a better place to live.

@kseniyarosina2357

4 жыл бұрын

10.5% is an awesomely low mortgage interest for Russia 😭 real estate prices never go up that high, so at best you might break even

@aliontse2848

4 жыл бұрын

45 % interest rate where I live, in Argentina. Who can beat that ?

Take notes. Most scammers would charge thousands of dollars in course fees for this info and Graham is giving it out for free.

@GrahamStephan

5 жыл бұрын

I just charge.... One like on the video

@meetimian3383

5 жыл бұрын

@@GrahamStephan yes but you do have a real estate course too so yeah.....

@jaytree

5 жыл бұрын

Nothing is free.

@timhanby5662

5 жыл бұрын

Jay Tree oH yEA mAn iM sUrE

@jaytree

5 жыл бұрын

Me too. I make money not barrow it..

I think our definitions of “I bought this house for 0$” are vastly different.

@ExctasyGFX

5 жыл бұрын

Of course its click bait. He also makes money off this video too so he gets the house even cheaper. He forgot to factor that in too.

@MattsWrightUSUALLY

5 жыл бұрын

I mean, it was 0$ at the end... I think this was extremely informational on tips to buy a house so I was happy to watch and take notes and now look for a house.

@pictureus

5 жыл бұрын

@@MattsWrightUSUALLY In the end? Just because something grows in value doesn't mean you got it for $0; simply means you made a profit.

@bigv69er

5 жыл бұрын

@@MattsWrightUSUALLY still not $0.. there's still a loan on the house he has to pay..and a bigger loan than the original.

@gregc9946

5 жыл бұрын

@@bigv69er IT IS A RENTAL INCOME HOUSE. And rents are almost always more than mortgages. Say he pays $1400 mortgage while renting it for $1750 a month. So still free ;)

I just realized but his videos r like essays. He had an intro, body paragraphs, counter arguments, and a conclusion

@colehacker9990

3 жыл бұрын

I mean, who can argue with God?

@rezapahlevi5056

3 жыл бұрын

Yes lorddd

@AlmondTheater

3 жыл бұрын

He definitely has some public speaking training or just found out that that kind of a structuring helps the listener a lot

He really just explained why Cash Out Refinance is a good strategy when property values are increasing. Normally I'd ask him why not just sell the property outright, but if this is a rental he can't do that. So instead of letting that money sit in the property and do nothing, he took it out and can invest in other things. His only risk is that instead of selling outright, he takes the refinance, the property value declines, and he's left underwater on his loan.

@dr.benjaminbird7631

4 жыл бұрын

Which is almost guaranteed to happen in the coming recession. Reckless really, because he would know that given the uncertainty lead to a better interest rate.

@InMyAbyss

2 жыл бұрын

@@dr.benjaminbird7631 it's LA, that won't happen

I had no idea what was goin on for like 80 percent of this video

@danielgover5914

5 жыл бұрын

@@MrYondaime705 Wow this helped clear everything up thank you.

@ellanoellil

5 жыл бұрын

@@MrYondaime705 he actually owes lots money, for me I will try to sell it b4 the tenant messes it up

@JayGarrickFlash

5 жыл бұрын

@@MrYondaime705 Bless your soul. Thanks man.

@taekwandoooo

5 жыл бұрын

@@MrYondaime705Yes, but a human life is quite short. He will be kinda old by the time "in the long run" is worth it. (30+ years)

@Killius

5 жыл бұрын

@@MrYondaime705 the idea is that the loans generate more money than his monthly mortgage costs right? But how do the banks approve these loans?

How I bought this property for 0 dollars.. Just get a small loan of 600k..

@misspapayausa

4 жыл бұрын

He forgot to mention that he rents out the other side of the duplex which pays his mortgage loan, home insurance and other fees for him. So as long as he has a tenant there that’s $0 out of pocket for him

@justicewarrior9187

4 жыл бұрын

@@misspapayausa That's like saying that just because you build a company that profits it costed zero for you to start it.. Completely moronic logic

@misspapayausa

4 жыл бұрын

​@@justicewarrior9187 He never said it cost $0 to start it. Let me know if you figure out a way to. purchase a home for $0 though, that would be great. So far this is the best idea I've ever seen in terms of home owning.

@justicewarrior9187

4 жыл бұрын

@@misspapayausa Yes he did!! "this home cost me zero dollars"

@allmight8057

4 жыл бұрын

@@misspapayausa That's what people are doing for ages lmao

"I put down a $150,000.00 down payment..." welp, this is my problem.

@pepe58pepito54

4 жыл бұрын

yea ..we not that rich like him..lol

@sandgar1001

4 жыл бұрын

@@pepe58pepito54 go add value to the world

@pretinc.6784

3 жыл бұрын

That's why you first need to make money normally first.... And then watch these guys

@maryamm8379

3 жыл бұрын

@@pretinc.6784 how are surviving without making money? Also that’s why he always say build your credit score it’s for these things

Basically from how I understand it is: 1) Have some down payment. 2) If you can find a good deal, buy it, remodel if need, then find tenants to pay for it. 3) Refinance later with a lower rate, and if the new appraisal finds the house appreciates, you have equity and some $ differences. 4) Just have tenants pay for it. You owe the house at the end while the mortgage is being paid by someone else. It is a paper game. The trick is getting a good property in an area that will have the property increase appreciation, this helps minimize the expends.

*Back in my days it was easier to get houses for $0* _Now there are better locks_

@lollol-zk8dh

5 жыл бұрын

And more security

@oliversusnea2415

5 жыл бұрын

How do u do italic font, ik Bold font.

@johnsnow3212

5 жыл бұрын

@@oliversusnea2415 it's free real estate

@checkyourbatteryboi6916

5 жыл бұрын

Oliver Susnea Bold - use * *hi* Italics - use _ _hello_ Cross off - use - -bye-

@EximaAce

5 жыл бұрын

Performak They had us going in the first half...

A: "I got this house for $0!!!" B: "How did you do that?" A: "Well at first you need $585,000..." Seems legit.

@cjtrades

5 жыл бұрын

It's called financing strategy

@GamerGuy51

5 жыл бұрын

No first you need $150,000 deposit....rofl

@sanctumbeats

5 жыл бұрын

GamerGuy51 sp sad to say that I don’t even have 60 thousand dollar on bank .. loan amd salary can easily get off but for 3 to 4 years !

@arjunmishra8333

5 жыл бұрын

230,000*

@nytroglicerine5311

5 жыл бұрын

Not wanting to ruin the party but disruption is coming this way also kzread.info/dash/bejne/aq5hy8ebeLXees4.html

6:30 Won't he still have to payback the new loan? I don't understand

@HomeWorkouts_LS

4 жыл бұрын

It’s an investment property so I’m guessing he’s had tenants pay the mortgage the whole time. 👍🏻

@sebastiancaceres6974

4 жыл бұрын

@@HomeWorkouts_LS That makes so much sense, I was confused there for a sec

@EricChowder7

4 жыл бұрын

Exactly my thoughts... Kinda misleading... He goes from "new loan" to "no loan" so quickly with no explanation. The "profit" from the new loan isn't true profit since it's just an increased loan due to refinance. That whole explanation was super misleading imo

@kronicobx6045

4 жыл бұрын

not only does he have tenants but hes using hes money again and again... is like your money got cloned and it keeps buying properties..

@martinengernes5411

4 жыл бұрын

@@kronicobx6045 is that smart to do?

That’s because you are smart! You know what you are doing.

@SkillsofAesthetics

2 жыл бұрын

he isn't smart, he is a real estate agent with a passion for studying economics.

*homeless people would like to know your location*

@squinqz8bp230

5 жыл бұрын

Good, tell them to bring their $585k for their FREE house, smh.

@matthewharris4900

5 жыл бұрын

@Gxzzi Nxnja no

@wyattjenkinson450

5 жыл бұрын

Gxzzi Nxnja what are you stupid why would we give you somebody we don’t know ten thousand dollars

@ThatGuy-rg5zk

5 жыл бұрын

RxD Nxnja r/choosingbeggar

@eitanyaniv2261

5 жыл бұрын

I don’t want to be the smartass but you do have to pay a down payment which i dont think homeless people have.

“I paid $0 for a $675,000 mortgage.” Awesome opportunity.

@latengocomoburro

5 жыл бұрын

Yeah and if the house loses value, which it very well can. Then what next? This might work in LA but everywhere else it is very risky.

@DoomFinger511

5 жыл бұрын

@@latengocomoburro That's why he said he spent 6 months researching what area to buy in. He noticed the surrounding developments and then sought out an under priced home. That tactic can be applied anywhere. Over time all real estate increases in worth. Even my house is worth more then it was BEFORE the 2008 crash. Also he house would have to lose over $365k in value for him to take a loss. That's highly unlikely to happen and then permanently stay that way.

@latengocomoburro

5 жыл бұрын

@@DoomFinger511 ok

@beccamayhr

5 жыл бұрын

DoomFinger511 you talk smart thanks for the education

@SeaJay_Oceans

5 жыл бұрын

CA real estate investments are "safe?" ? earthquakes, storms, forest fires, civil unrest, liberalism ... no thanks!

That place haunted af, no wonder they took the offer.

What kind of business classes should I take to have a better understanding of how this works ? I really enjoy your knowledge and info.

@kingb5486

4 жыл бұрын

Aye lmk if someone responds

@romainpaulo8216

4 жыл бұрын

Search up the brrr strategy from the bigger pockets they have videos on KZread and even books you can buy to learn the strategy he used

@SubsformyCAT-vr3qy

3 жыл бұрын

I agree

@rayhon1014

3 жыл бұрын

it is not difficult to understand. His first round is to fix up the property to boost up its value and then 2nd round is that his property surged in value due to the demand with interest rate went lower than before. As long as your house value increases, you can refi your house with a loan bigger that covers your previous loan with the delta to your pocket. Now the delta from loan gets him back the money he put in and then he rented out the property to cover his mortgage.

Next up - *How I bought Space X for $0*

@GrahamStephan

5 жыл бұрын

;)

@MommaKnowsBestest

5 жыл бұрын

Lololol he such a click bait

@chungchan2678

5 жыл бұрын

and killed all humans with 5g satellites.....

@donniewatkins5928

5 жыл бұрын

@@MommaKnowsBestest haha

@MommaKnowsBestest

5 жыл бұрын

@@donniewatkins5928 can't wait for " how I bought KZread for zero dollars " next week.

Damn ,.... try beating him in monopoly ..

@antonsehl

4 жыл бұрын

lol bringing a tank to a knife fight

@inyakiiiyu

4 жыл бұрын

@@antonsehl more like shooting a Nuclear rocket to a Knife fight

@tomsugars566

4 жыл бұрын

hahahaha funniest thing i have read all day thanks

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.,,,,

@kirstenraedmund7346

Жыл бұрын

You are right. Been thinking of going into gold and cyptocurrency

@tracyholian2944

Жыл бұрын

It's obvious everyone is doing this online Investment

@clydeorlan2615

Жыл бұрын

​@@tracyholian2944 I totally agree with you it has been an eye-opening experience for a lot of people.

@ademusiaka7198

Жыл бұрын

Investment is the key to achieving success with the current pandemic slowing down so many businesses aww

@alinamikelle8688

Жыл бұрын

Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Griffin

i don’t get how he paid off a loan with a loan and then called the difference profit ?

@snakevenom4954

4 жыл бұрын

So he got the original loan of the 435k from a bank to get the house to begin with. He renovated it and got it appraised and got another loan of the nearly 600k. He payed the first loan with the new loan and the extra is essential money in his pocket since there's nothing left to pay. The extra 145k is essentially free money. Time went on and he went looking for a better interest rate, found one he liked, the bank got someone else to appraise it and he got yet another loan. This new one payed the one he previously had and he was able to keep yet another 85k which meant he broke even with a smaller interest rate. All that's left is to pay off the mortgage for the remainding 30 years and the house is his for free. It's sonething I would not have come up with but it's damn smart. For short, he got a loan, got a new loan that payed the old loan and he was able to keep some of the money, got yet another loan to pay the previous loan and this new one not only meant he broke even, it was lower interest rate

@rkgoals3447

4 жыл бұрын

@@snakevenom4954 how can he get three different loans against the same property. Isnt this fraud.

@snakevenom4954

4 жыл бұрын

@@rkgoals3447 I don't think so. They were all at different times and each time a 3rd party appraiser was used so no bias was included. Plus, I'm sure a bank would love to get into a nearly million dollar house at 3.75% interest

@rkgoals3447

4 жыл бұрын

@@snakevenom4954thanks for the reply. but my concern is that at the time of getting the first loan he must have submitted the house papers with the bank. Then how could he get another loan without submitting the papers beforehand to the second bank.

@bl6628

4 жыл бұрын

@@rkgoals3447 He bought the home, spending X amount of his own money, with the bank loaning the rest. After renovating a home, the value of a property will always increase, so he went to a second bank for a loan on the mortgage, and after appraisal, the value of the home was MORE than the original loan. He used the second loan to pay off the first loan, and since it was higher than the original, there was money leftover, which he pocketed. Some time later, due to the growth in the location the house was in, the houses value increased because its location was desirable. So he again went to another bank for a loan, and after appraisal, it was also greater than the second loan. So he used the third loan to pay off the second loan, and the extra money went into pocket. Now, you could essentially just do this over and over, but the downside is that your mortgage will get larger and larger...and you must FULLY pay this mortgage off before the house is completely yours. If you can't pay your mortgage, you will eventually lose the house, and the bank that you owe that mortgage to will now own the house. This is why banks are even willing to do this. They want your monthly money (from the mortgage) and the opportunity to own your house if you fail to pay. I believe banks also get loans from the government for giving loans to people so there's that incentive as well. Paying off those original loans with other loans was more about getting money back into his pocket, essentially replacing any money he'd spent on the property. As far as his bank account is concerned, that money never left, but he now has that property. Shopping for the lowest rate before the 3rd loan was about minimizing the amount of money he'd have to spend per month towards that mortgage. This makes it cheaper to own per month, and when he turns it into a rental property, means more money into his pocket per month as opposed to the banks. Even though the first two loans to pocket money was a very quick return of investment, the money he makes over time isn't as lucrative. It's going to trickle in. But here's the thing, he'd essentially be pocketing several thousand per month, from a property, that at this point, he never came out of a pocket for. It's free real estate. Do this 5 times and you could potentially have $15,000 "trickle in" every month (assuming $3k mo. rent) and any money earned doesn't go to anyone but him.

I got a house for $0 aswell Although my neighbors dog dont got a place to sleep no more

@Saiqo17

5 жыл бұрын

my ribs hurt now

@actuallymisterbean8321

5 жыл бұрын

);

@ficus7947

5 жыл бұрын

More like roommate

@laptopdroptop9457

5 жыл бұрын

to forced and not original

@shebease1

5 жыл бұрын

Help me!

It was priced at $575,000 and you offered $0 and they took!? Amazing!

@Soul-ft7bg

5 жыл бұрын

GamerGuy51 no he means, he bought the house for 575$ but made an amazing profit, so basically cost him 0

@GamerGuy51

5 жыл бұрын

@@Soul-ft7bg that's bullshit math voodoo. Normal people do not function like this guy. He has a solid support system and well-off parents.

@ninjai5527

5 жыл бұрын

@@GamerGuy51 he did not have well off parents...he was on his own from 18 onward with no help from parents. Stop spreading false information just because you think someone can't be successful from their own efforts.

@AliShaikh1

5 жыл бұрын

Missed the point of the video. Learn finance or be poor.

@mattwilcox3645

5 жыл бұрын

@@GamerGuy51 .....let it all hinge on the opinion of a real estate assessor? unspoken relationship with the assessor? .....

Watching this video the whole time I kept thinking to myself how lucky he got. Then I remembered how long he waited and how much work he put in and realized he made his own luck.

Graham be like : Thanks for the property, I really APPRECIATE 💹 it!

@finetuning13

3 жыл бұрын

Hahaha

i go in store, and buy everything i want for 0$..... the only slight price is, a little Jogging.

@meister5870

4 жыл бұрын

Usains Bolt life in a nutshell

@EnglishMandy

4 жыл бұрын

*hol up*

@yams7377

4 жыл бұрын

😂😂😂

@vargland458

4 жыл бұрын

The secret ingredient is crime

@yvonneost12

4 жыл бұрын

hahahahahaha good 1

I refi'd my house! Shopped around and got 3.75% 30yr fix. I save a ton of money watching your content Graham!

@GrahamStephan

5 жыл бұрын

We got the same rate!!

@josepablobermudez6283

5 жыл бұрын

@@pw8544 😂

@sharonsegovia6238

5 жыл бұрын

@@GrahamStephan what bank or credit union is offering that rate?

@BenjisDad

5 жыл бұрын

Sharon Segovia better.com

@BenjisDad

5 жыл бұрын

S K haha. Nah... But I been following Graham for a while and his tips for real estate has helped me save a ton of money.

I like the video, Graham- great info. The title is misleading since you spent $150k down payment + $80k renovation = $230k spent on the house, not $0. In other words, you could not have purchased the house without the $150k cash, and the additional $80k to fix it up for a higher appraisal.

@omichaelnato5388

2 жыл бұрын

Lol you only need $230,000 saved in cash as a 23 year old !! No big deal right !!!?!?!? Easy !!! Lol

His down payment cost is more than my entire house cost

@geometricart7851

4 жыл бұрын

he was worth more than your house costs when he was like 20 years old. 10 years ago.

@AD-zb6sc

4 жыл бұрын

geometric art How could you be so certain?

@memeoftheday4194

4 жыл бұрын

@@AD-zb6sc Because he literally said the cost of his down payment in the video and I know how much my house costs

So, the house was cheaper than the Tesla? 🤔🤣

@Postofficejoe

5 жыл бұрын

Next video . New cash out refinance loan to cover the cost of the Tesla . Free Tesla .. lol

@momohit1255

5 жыл бұрын

😂😂

@jaytree

5 жыл бұрын

It cant be its a fing house.

@SkinnyAnimus

5 жыл бұрын

@@Postofficejoe Graham is out shopping now

@justSTUMBLEDupon

5 жыл бұрын

That Tesla Video 😩😩😩 😂 everybody was triggered man listen! But he still made a good point that if you know how to work it, you can technically pay less for something. Same with this video. He put in 240k and in 2 years got his 240 back out PLUS he still owns a money generating property.

bruh that property? in L.A? for that much? that's a steal in itself without the loophole mumbo jumbo

@1000leomessi

5 жыл бұрын

Right, especially when the real estate prices are SKY-ROCKETING in the L.A. area. He said, that within a YEAR the value of the property increased with 100,000+ dollars (+15%). Imagine what the property will be worth in 30 Years (when the mortgage is paid in full). To put into perspective, the playboy mansion was bought for 1,1 million dollars in -79 and 45 years later sold for 100 million dollars. Of course, it's a one of a kind property but just imagine how much this one it would cost. Wouldn't be surprised if it cost at LEAST 5-10 million by then.

@mpx4821

4 жыл бұрын

@@1000leomessi Remember to factor in inflation

@k3kboi665

4 жыл бұрын

@@1000leomessi and remember that bubles like that usualy pop.

@mortgagesmademanageable9107

4 жыл бұрын

He timed the market very well! Probably won't see that appreciation in his lifetime again, but hey, he struck while the iron was hot.

Lowkey still kinda lost. How did he keep earning money from the whole bank

@jwilliams5897

4 жыл бұрын

He left out a lot of information. He found a rental property that was for sale for less than it's value. It took him six months of watching each property as it hit market and reacting immediately to determine if each property would be the one that was undervalued. That's a lot of time and work. 30 minutes after this house hit the market he was there checking it out and decided this is the one. He must have had financing already lined up because he offered them full price and was under contract before anyone else made an offer. Not everyone can do that. Then he remodels the house and rents it out. Now that the house is remodeled it is worth more money so instead of waiting for the money he is earning from rent to earn back his down payment; he basically moves his mortgage to another bank. Since the property has a higher value now he gets a bigger loan that not only pays off the first mortgage, it gives him cash (cash out loan). Now the money he put in his pocket is still borrowed but he got a better rate on the loan so his payments are actually lower and the renters are paying more than enough to cover the payments. Then as property values rise in that area and interest rates continue to fall; he does the same thing a second time. Now the two cash outs he has taken equal the money he put down and the money he paid for the remodel and the renters are paying enough to cover the mortgage. Now the only reason he was able to do this is that he located an undervalued property and managed to get it before anyone else and property values were rising as interest rates were falling and he was able to rent the property for more than the expenses of owning the property.

I've been scratching my head on figuring out how to buy my first rental. Bought my current home for under market value due to its condition. Never thought about refinancing to get money out. Thank you!

A trick I used when buying my first home was I buying it from my landlord. Because I was renting it and already in the home I had the leverage to offer about $25,000 less than market value because I knew he wouldn't have to pay realtor fees nor deal with a vacant house for potentially months if he put the house on the market. I had to play hardball but ended up with $20,000 under market value.

@GrahamStephan

5 жыл бұрын

Very smart! And as a landlord, it makes it so much easier to sell it to a tenant who's already familiar with the home.

@tiffanyonwudinanti

5 жыл бұрын

Were you living in a duplex or a single family?

@MaxMaher

5 жыл бұрын

@@tiffanyonwudinanti single family.

@jaytree

5 жыл бұрын

Did u not know u paid too much.. lol

@justSTUMBLEDupon

5 жыл бұрын

Max Maher I'm hoping to do the same thing. Out of everything Graham said in the video, the most important part to me was when he talked about his offer to get the house. He offered no hassle purchase (Meet Kevin talked about this too in a way with a direct to owner check and if he walked away the owner keeps the money). But you gotta really know how to read a building for value (and I don't 😂 not yet anyway) I'm in a 4 apartment building with a store front in NYC so it might be hard but I prob go for it. Plus the owner owns the building outright so he could be the bank if he wants. For him he knows he gets an immediate deal, and I get an affordable building (well for NYC anyway).

The real title is: "How I profit from real estate investment."

@akthomebusiness

4 жыл бұрын

@David McKee Sorry sir, I think you missed my point. Remember Robert Allen wrote a book about "Nothing down"? He brought a news reporter with him and flew to Los Angeles and purchased 3 homes in the same day with no money down. Besides, he got money back from the 3 deals. This is what I mean a real " buy a home with $0". Of course, after the financial crisis, government has tightened the rules of borrowing. Nothing down is only a dream now unless you can borrow money from the private lender at a reasonable rate. Finally you can also make money with your hard labor work or from social media like KZread with your intelligent creations.

@akthomebusiness

4 жыл бұрын

@David McKee Thank you sir for confirming that the title of this KZread is misleading. Its intention is to attract more viewers, subscribers and comments. It takes money to buy a house to make money and refinance your money back.

@shanenolan85

4 жыл бұрын

Andrew Tsang Facts💯 Robert G Allen acquired properties with actual creative financing and NO BANK LOANS. I thought Graham was going to say he did something without a initial investment of capital (Seller Financing, Subject To, Lease Option, etc.)

@JV-mk3bl

4 жыл бұрын

You're just triggers because you have bad saving habits. The title is perfect as it is unless you have the financial habits of a toddler.

@andersonramirez5596

4 жыл бұрын

Yeah, but you know which title sells more

The important thing to take from this is that it has to be an income generating asset. If you plan to live in this, then it's not going to generate you any income.

@gmarte12

4 жыл бұрын

but you still have to live somewhere. at least the rent money is going back to the loan. 30 years later the rent stops and you actually got property for it

Graham I just wanted to let you know that I’ve been watching you for years and you motivated me to finally start my KZread channel. I kept telling myself that I don’t have time and I finally stopped making excuses and I started. Thank you for the motivation and keep up the good work.

Popcorn ceiling was removed. That is all that matters 🤣👌 Great video as always

@GrahamStephan

5 жыл бұрын

Thanks! Yes, absolutely had to!

@siralfredo

5 жыл бұрын

Hey at least all of you don’t live with popcorn walls

@datpip

5 жыл бұрын

@@siralfredo I prefer to call it orange peel.

@SpiritRaider

5 жыл бұрын

just in time for it to come back in hipster style

Can you document/ vlog the next time you buy a house, like from beginning to end. I know that’s a major request but it would help a lot, just to see your thought process and see how you sift through your houses, and how you negotiate deals, etc.

@itsELL24

5 жыл бұрын

Jorge Manzo I agree

@S.E.C-R

5 жыл бұрын

I’d like to see that also!

@udecide0010

5 жыл бұрын

That's the move

@HarringtonKyle

5 жыл бұрын

That would be really cool, but I also see it being rather difficult to capture everything. Though, if anyone could do it, Graham could.

@phamcuong9183

5 жыл бұрын

I think the process is what you would get if you buy his course. These videos are free, so there’s a limit to it.

Guys I UNDERSTOOD everything. Summary : He bought a property for $585,000 He paid $150,000 down payment (means he paid that money ) He mortgage $438,000 from bank (means he took loan from bank) Now he invested $80,000 to repair the house So the price of the house increased to $780,000 (because he repaired the house ) He again took loan from bank of $665,000 Now he paid for old loan($585,000) and he has $145,000 money left So... He used the extra money to pay for initial investment ($150,000 when buying the house + $80,000 for repairing ) Now after one year later the price of the property increased and now the property costs $965,000 So.. He is eligible to take loan of $675,000 and he did take this loan for less interest. And he paid his old loan of $585,000 for new loan i.e $675,000 Now he has $85,000 extra money left so he used it to settle initial payment ($150,000 +$80,000- $145,000- $85,000 =0) Moral of the story: he took three consecutive loans to pay previous loan as well as with them he paid himself his initial investment.. Basically he took a loan of $675,000 and he have to pay it in 30 years (and with thet loan he bought a house ).😊

This is the luckiest timing ever, such a lucky deal

"The floors were scratched. The kitchen needed to be torn out. The bathroom was disgusting. The landscaping was overgrown. The roof needed to be replaced. And it needed paint. LOTS of paint." "I could tell it was easily worth about $675,000." Only in California 🤦🏻‍♂️

@Yayo509

5 жыл бұрын

you mean LOS ANGELES

@kirkpritchard

5 жыл бұрын

@@Yayo509 No, I mean California.

@jenniferlynn3579

4 жыл бұрын

California is a rather huge place and I don't think this mindset really applies to the quieter areas up north. The closer you get to major tourists cities, though, absolutely. LA and SF happen to just be the concentrated hotspots for insane rationale like that.

@kirkpritchard

4 жыл бұрын

@@jenniferlynn3579 Well I live in central California. In a small city. Surrounded by other small cities. And the prices are ridiculously high.

@beenasfarastodecidetouseve6733

4 жыл бұрын

Or the entirety of Australia.

Here in my garage , just bought this new lamborghini for $0 ...

@Zia-ep3co

5 жыл бұрын

lydia yuna k n o w l e d g e

@yettiman8941

5 жыл бұрын

Not the same concept..

@sendbitcoin

5 жыл бұрын

cool

@tedk.9601

5 жыл бұрын

Would be possible lol he got his Tesla for 78$ a month lol

@memeade3914

5 жыл бұрын

Don't belive you

The song he is playing in the background is the instrumental for “Hate will never win” By XXXTENTACION

@AllThingsIzzyTTV

4 жыл бұрын

Thanks I thought I heard it

@scsikid

3 жыл бұрын

I can't stop hearing his lyrics in my head ;)

I learned a lot from this video. I'm going to be doing the same, I'm currently house hacking my house and also turning my sun room into a bedroom with an additional bathroom. Then, renovate my basement completely and do a refinance that will help immensely.

@AlexAmasaOlsen

4 жыл бұрын

Househacking the way to more property. I do the same! Good luck

Rich youtuber: I got this house for $0 Me:how Rich KZreadr: oh I just paid $585,000

@harveyspecter3361

5 жыл бұрын

@@oourdumb He also started from nothing, stop whining and start doing.

@iceman18211

5 жыл бұрын

@@oourdumb Just bought my second property in downtown Toronto for 960,000. 3 units, 1 of which i live in I'm renting out the other two for 2k each. More than covers the mortgage and all utilities. I never need to work again. I'm 24. I'd say Canada has a much better real estate market than the US. More immigrants per capita than the US come in every year, and they need somewhere to live. Also much less overbuilt compared to the US. Edit: Everything Graham mentions in this video is doable in Canada because I've done it before. I also completely disagree that housing prices are inflated compared to the US. There are many many suburbs and small towns that are growing like crazy, especially northern cottage areas. And it's reasonable to buy property from 200,000-500,000 in places like Barrie which are going through housing shortages so the demand for units is quite high.

@brycecarlson3395

5 жыл бұрын

Never paid that much money. You weren’t listening

@richardfeng4700

5 жыл бұрын

As a 16 year old (that is also from the GTA), this highly piques my interest. To everyone who has a property that is rented out, how much money do you think is needed to start up and how time-consuming is this?

@lorenebonsu7266

5 жыл бұрын

You know you don’t pay for for it but get it through loans. You never pay for real estate with your own money ever. Bad idea

I got a house for $0 i just made it out of sand. Wet sand if i should add

Ok, I feel like he is overcomplicating it, but lemme see if I understand... He's claiming $0 because: ($675k current loan - $438k old loan) - ($150k down + $80k reno) = $0 Essentially, you can forget the initial expenses and mortgage and just imagine he did $0 down and $675k loan. Really, he put $230k of his own money into the house a few years ago. He wanted the money back (free it from the asset) without selling the house. So, he had the bank give him a loan using the house as collateral to get $230k in his pocket.

Its just two days i am following this channel, very informative and great connect. 💯

Technically you did not buy it, if you paid nothing for it. You acquired it 🤔👌😳👍😉

@robertaylor9218

5 жыл бұрын

That really depends on what his new mortgage to rent ratio is. He probably spent like 10k in refi fees and pulled out another damn near 250k, even with a lower interest rate that cost him quite a bit on his ratio, he has also hiked his property taxes by 40-ish%. When all the math shakes out it may have been a very expensive enterprise, that didn't provide him with a lot. However if his goal was to keep cash free for other investments or to pay off investors or loans on other deals (and the ratio approaches 1/1 or better) then yeah, this could have been a fucking brilliant move. All depends on his goals, the ratio, and his situation; at least from what I can see.

@davidjohansson1416

5 жыл бұрын

Robert Aylor If you have no liability from doing this in an c-corp it may be a good idéa as you suggest. But it seems as if he is insisting on people gambleing with their savings and lives to do do the same. He never states what would happen if the house turned out the foundation was faulty or if for some unforseen reason it was only worth half of the price. The downside could be huge. Then he needs cash too pull from somewhere else since you can’t just refinance to pay off the mortage.

@davidjohansson1416

5 жыл бұрын

Im trying to point out that in my humble opinion that he "makes it seem" as if it's a sure thing, that the house will appreciate. It's not depending on "hidden" costs or effects from FED money supply -> Interest rates. I would enjoy him going over the risk involved rather than just not mentioning it. The "house foundation being bad is just an example of a "hidden" cost that could affect the market value.@Parwiazify

@chachingfm

5 жыл бұрын

slevin kelevra dislike, unsub!

@davidjohansson1416

5 жыл бұрын

Sure, link me one@Parwiazify

I bought a house, flipped it, made money, so I bought it for $0

@jaytree

5 жыл бұрын

Thank god your smart enough to know the difference.. he still owes money

@ericksonsainval

5 жыл бұрын

@@jaytree he got his money back and the tenants make the payment... if anything he most likely still cash flows, so he pays nothing for a house, worth almost 1 mil... that he could later sell.... for huge profit

@ericksonsainval

5 жыл бұрын

@David You paid off the loan, never got your money back. He got all his money back and someone else is paying off the loan.

@collinborsheim

5 жыл бұрын

Okay regardless if he technically wrong, and he didn’t pay $0, can we just appreciate how smart and wise this guy is! So I honestly didn’t care that he didn’t technically pay $0, I’m just impressed this guy went through all this to get a “$0 house”

@josec439

5 жыл бұрын

FaZe Quarry I’m impressed too he was able to get a good deal, but he would have worded the title to represent what he did. Smelled like a click bait title, and I, also we, fell for it

11:50 a complex idea stated pretty succinctly. If you don't understand what he said in that 20 seconds, trust me... most people don't. But you can. Learn how to put your money to work for you while you're sleeping. Well done Graham. Nailed it.

I'm 15, don't understand any of this. But I'll keep watching 😂

@techinfo4812

3 жыл бұрын

Same here

The best investment is within 15 minutes of the beach, cause in 20 years it will be a beach front property :P

@GrahamStephan

5 жыл бұрын

See my future oceanfront home ;)

@tylertacy6991

5 жыл бұрын

jahahahahaha

@13579john

5 жыл бұрын

how does that work

@Phoenix11720

5 жыл бұрын

john sea levels rising from melting ice caps

@Rockymtn

5 жыл бұрын

And in 40 years there won’t be any property just beach 🏖

Who's watching this during quarantine

@dangrec1

4 жыл бұрын

Yep me. But it does bug me he doesn't actually "OWN" it for $0. He'll be paying that mortgage for decades, and will pay a good chunk in interest for that privilege. As far as I'm concerned, you don't "OWN" something unless you can never again pay a cent and it won't be taken from you... i.e, the t-shirt I'm wearing or the used car in my driveway I bought for cash. Anything you're making payments on does not count as ownership.

@dm_for_feetpics9009

4 жыл бұрын

Me

@chipychipz

4 жыл бұрын

@@dangrec1 hes just doing it in a financially smart way that house isn't sitting there he will rent it out for more then the payment so he will make even more off it. & hes free to invest his cash elsewhere. his title is a bit click baity though.

@Shakera...

4 жыл бұрын

@@chipychipz Your pfp is no game no life. Omg I love that anime!!

@SilentHotdog28

4 жыл бұрын

@@chipychipz It's click baity, but not in a bad way because he is actually teaching people something.

Had to watch it twice to fully understand but basically, because of the refinances you got your money back fast and now there's a renter in there paying off your mortgage for you. That's smart.

The previous video I watched from you was about how much money you make from youtube, so I randomly watched this one. You got me to click like and subscribe because of your friendliness. Great job.

*This is one of the few videos I'll save to my watch later and watch it again 2 or 3 more times to solidify the information* 💪👌

@GrahamStephan

5 жыл бұрын

thank you!!

@kin6david

5 жыл бұрын

Agreed... cant wait til i have some money to even get started!!! And yes... Iike button smashed

@Je.rone_

5 жыл бұрын

@@kin6david very true and Good luck💪, my impulsive saving that I've been critized since my youth has time and tune again come in handy.

@jaytree

5 жыл бұрын

Like how he owes 600k..

@PartikleVT

5 жыл бұрын

@@Je.rone_ impulsive saving sounds like the best problem to have lol.

I got a house for 0$ dollars too went behind a liquor store got a box an boom I'm living the good life

@usernamechecksout9901

5 жыл бұрын

EMAN ENTERTAINMENT lol

@TAKprod

5 жыл бұрын

Can you make a video on this method please

@usernameisusername

5 жыл бұрын

Lie. You forget the remodel costs

@John-TV_Random-Videos

5 жыл бұрын

That box would be $1500 a month in New York.

@arjunmishra8333

5 жыл бұрын

new york gang gang

I'm watching more and more just to laugh at the way you work in "smashing the like bottom " lol

This video was a good lecture, a bit over stretched though. I hope the follow up video by the end of the year is about the cash flow it generates, that is, how collecting the rent covers the monthly loan payment, and leaves X amount of profit. Things I learnt, which I remember from memory since I didn´t take notes: Buy a propperty. Fix, improve, raise value of said property. Get a home equity loan to cover costs. Negotiate your interest rates with different banks. Repeat. (Not included in the video) Get that sweet rent money to cover monthly loan payments. And the surplus after that, enjoy the cash flow. Basically the core of the business. The only way you can step up the game and be more like the bank is if somehow you sell the house and provide the mortage contract yourself, at a very abusive interest rate with high montly payments for a 15 year period, way beyond possible rent prices, as well as including some sort of home insurance in said payment, so that you get more than what you could possibly get in rent from said buyer, and ultimately you get to reposses the house if they default on their payments, and you get to use the insurance money for repairs after, if needed. Although just writing that made me feel evil... Not a good feeling. Anyway, now you have attained teacher status to me, I must definitely take notes if interested or will be forced to enter the same lecture again. I can see myself building a nice guide with your videos. PS I did not go to school, but this is how I assume it works.

Alright, Graham is the real monopoly master, imagine him at Ben Mallahs age....

@GrahamStephan

5 жыл бұрын

Ben Mallah is the goat!!

@tensei3520

5 жыл бұрын

Youre everywhere man!

@whattime9789

5 жыл бұрын

GTFOOOO

@whattime9789

5 жыл бұрын

@@tensei3520 he is and he needs to get a dam life

“It’s free real estate” hell ya

@jakemf1

4 жыл бұрын

mahdys hell no- it’s not real

The goat in real state . Best KZreadr on giving actually helpful advice. Thank you so much . And btw I always SMASH the like button for the KZread algorithm.

I don’t know why somebody thumbed down. I leaned a lot from this video. However, I am living in a city with high property tax and low growth in property prices. Yes, it is Chicago. The refinance will not work for me especially when the interest rate is so low now. I did learn that I need to be patient to find a undervalued house and know how to improve it or flip it.

At first I agreed with everyone in the comments then after watching the WHOLE video it finally clicked why you would do this, because you want that $150k back in your pocket to acquire another home, thanks for sharing this genius idea!

@FlorecentTurtle

5 жыл бұрын

Well, it also pays you off for your overhead investment and allows you to rent the property out for a competing price where you have them pay your mortgage and interest and pay you a little while holding a massively appreciating asset.

@chanhyun4412

5 жыл бұрын

Risk free investment

@dslay04

5 жыл бұрын

Feel like it puts you at risk you having a toxic asset.

I like the idea but to explain this to those who don't understand. This isn't a net income situation, it's purchasing a property at lower than market value, then refinancing for a bigger loan from the bank (possibly lower interest) and now using that property as collateral. This allows you to get back out the inital down payments/costs invested into that property. Do it only if you understand what you're going to do with the difference, otherwise you're better off just paying down your loan for most nonreal estate people.

@GrahamStephan

5 жыл бұрын

Very well said. This makes sense because I can reinvest into other areas at a higher return than I borrow for 30 years! If the money did nothing, or I'd spend it on cars and penthouse apartments...then it wouldn't work.

@chad912

5 жыл бұрын

Sorry if I'm misunderstanding, but even with the better interest rate aren't you still going to end up paying the bank more money over the life of the loan by refinancing for the higher amount? or is that just an accepted loss because the money will be used in better places elsewhere?

@jaytree

5 жыл бұрын

@@chad912 agreed.. thats a problem they dont care about.. according to him he made money.

@chad912

5 жыл бұрын

@@jaytree well no I dont see that as a problem. Thats a valid strategy, accepting losses when money can be reallocated towards something that will yield greater results. Ultimately he got his return investment, probably pays a minute amount more per month and has a nice property that is generating money, so yes he did make money. My comment was more me looking for clarification

@jaytree

5 жыл бұрын

@@chad912 clarify how oweing 600k is making money?

What if you can't pay your mortgage and have done this 5 or 6 times, and have a debt of 4 or 5 million?

He basically converted his investment (down payment, remodeling, ext...) into a mortgage. In my opinion not free because you still have to pay it back. Original mortgage $438,000 verses new mortgage $675,000. The result: he has to pay back $237,000 more at the end (the video makes it seem like free money he got to pay back his investment). He could have just taken another mortgage right after the purchase on one of his other properties if he really wanted to have the invested cash in hand right away, basically the same result.

@SomeGuysTutorials

4 жыл бұрын

He essentially IS getting free money to pay back his investment. He doesn't have to pay the mortgage back from his own pocket. The property pays for itself from the monthly rent it generates. It is actually paying itself off AND putting more money in his pocket.

@angostura7797

4 жыл бұрын

and don't forget, he will pay 20% capital gains tax when he sells it because it's an investment home, not his personal home.

@SomeGuysTutorials

4 жыл бұрын

@@angostura7797 he can defer those taxes by exchanging the profits into another property. But he's got great deal on that property I doubt he ever will sell it.

@2philippaigner

4 жыл бұрын

@@SomeGuysTutorials but the original mortgage could have been paid back by his rental income too. If you claim to get a free property you should be transparent and mention those points more clearly in my opinion.

*How I Watch Graham Buy This House for $0*

@cherrytung

5 жыл бұрын

Now we got to learn how to get that down payment...

@sub.533

5 жыл бұрын

Cherry Tung - The Frugal Designer Handbag Lover lol just sell something and save up

@cherrytung

5 жыл бұрын

@@sub.533 Jajaja maybe more than something... more like EVERYTHINGGGG

@MasonsTurtle

5 жыл бұрын

@@cherrytung Have to cut back on that avocado toast. It's hard, but we must make sacrifices.

@LordDecapo

5 жыл бұрын

@@MasonsTurtle YOU CANT HAVE MY AVOCADO TOAST!!!

What a clickbait title. You just got a bigger loan based on the value getting higher. It still cost you money, just not up front. You still have the downpayments. I bought my first apartment with a 100% loan. No money up front. By your logic I can then say I got the apartment for free? :P

@crazyGodLikE

5 жыл бұрын

Well, he isn't going to be living there. So the EMI is going to be paid for by the tenant occupying the property. I guess you could say that if you didn't live in the home you purchased.

@z3180160

5 жыл бұрын

he just put it in the most ideal situation when the market goes up. When you forfeit his old loan he has to pay a penalty for that.

@sanctumbeats

5 жыл бұрын

yash kapur dude he is currently living their .. see the blurred portion on the camera 😂

@meisam7144

5 жыл бұрын

@@crazyGodLikE , if he receives a rent same as the loan he still has to pay for house tax, income tax, house repairing, etc for a house which is his in 30 years. But yeah he can just sell it and earn sth because the value has gone up but IT IS NOT FREE :))

@TheRedHunta

5 жыл бұрын

Watch the whole video.. smh

I COLLECT THIS VIDEO AS MY PODCAST AUDIO BOOK. At least, Gramhen is from this industry and this is his game.

Mindblown! Always enjoy watching your content Graham.

The title got me to watch. But should be labeled as: “The $0 downpayment, No PMI home”. .. fine print says:: 675k loan remains to bank. But nice buy.

@kylesummers7478

5 жыл бұрын

Nicolas Im 99.7% sure he’ll rent It out and have the renter pay the loan. So he still technically won’t be paying anything.

@rawdez_

5 жыл бұрын

​@@kylesummers7478 sooo... he'll get this house for himself in 30 years (if everything works out well).

@shaolinmunky2012

5 жыл бұрын

@@rawdez_ or... someone will pay the loan, building his equity, until he sells it and cashes out the equity.

@rawdez_

5 жыл бұрын

@@shaolinmunky2012 >until he sells IF he sells it the price present on a thing doesn't mean you actually can sell that thing for that price in real life

@noelcarolmusic

5 жыл бұрын

Assuming he keeps the house for 30 years the appraised value will either increase or it will decrease. In the event that decreases it will never decrease to the point of becoming 0. In the meantime though he has rented out for 30 years. Do the math at the meager amount of $12,000 a year * 30 years dot-dot-dot that's still $360,000. So technical if the house were two devaluate during those 30 years he would still have a $360,000 buffer. However that scenario is quite unlikely to ever occur. Furthermore I was using a very meager $1,000 a month rental income which I highly doubt is all that he is getting for this place. It's likely more like 3 to $4,000 a month so just multiply that 376000 by 3 or 4 times and that put some way ahead of the game in the event the property became worthless over the 30-year. And remember one thing in the end regardless of which way the property value goes he still has the house and whatever equity that house has now become which is 100% his after 30 years. It's not a losing situation. I would die to do this kind of stuff myself granted it still takes money to make money

Sorry I'm confused. If you took a new loan and used it to pay the old loan, don't you still have to pay off the new loan?

@GreenLittleRobot

5 жыл бұрын

He will have renters in the duplex paying off the new loan.

@BaioWithMayo

5 жыл бұрын

As far as the explanation goes in the video, his initial investment is all that he is stating he got for free. When most people buy property, even as rental properties, the biggest hit is the down payment, which cant be recouped monthly unless they have a golden deal like this. So Graham was able to do 2 refinances which payed him back his down payment and remodeling cost. Now he has a renter in 1 or both units (cuz idk if thats where he is currently living) that, due to his research, he knows will cash-flow and pay down his mortgage. So in the end, he is still paying +600k for the property (i think) but the money that is actually paying that down is his rental income, which you can think of like a dividend from a stock, so he just reinvests that into the property, and therefore is literally playing with the house's money. *ba da chh*

@msl1689

5 жыл бұрын

Thanks for the explanation guys. I must've missed the part where he had tenants paying off the loan for him. It makes sense now.

@BaioWithMayo

5 жыл бұрын

@@msl1689 he never actually mentioned the tenants in his math in this video so I understand the confusion but his other videos explain the research done to cash flow, but glad to help otherwise

@samlee6152

5 жыл бұрын

@@BaioWithMayo I'm still confused because even if he has tenants paying off the loan, wouldn't he still make $0 net profit? Wouldn't he have to charge the tenants more than the monthly loan to make a profit? Or are there inherent/long-term benefits to owning a property that make this worth it? Sorry I'm still kind of new to this

I got a 1 million dollar home just by looking in the local paper. The woman was selling for $1 we thought it was a fake ad. I went and it was REAL!!!! She said the first four people who showed up she didn't like- but I had a high vibration and if it felt right. I took the home but with my lawyer by my side and a few investigators.... All taxes were paid off for 15 years and she even added the pool cleaning company a four year pay period she would take care of. I asked why are you selling this home and all of your possessions - she said life has given her everything and she couldn't take it with her.... and for me not to worry... Everything is fine, the home is gorgeous no haunts... LOL 6 bedrooms, three car garage, pool and my family! We Good!!!!

1. Down payment $150k 2. Remodelling $80k (Total $230k). 3. For the current worth of the home get a new loan and pay off the previous loan (Then he basically has a new loan (which is higher) and 145k cash in hand right? Am I missing something?

OMG LA property over $1m!!! Hong Kong cage houses: Hold my sq fts

@zainmeer3415

4 жыл бұрын

lmao true tho

@Ofishu

4 жыл бұрын

😂😂😂😂

How I got it for free: I had 150k cash and bankloan for 400k

@Maykay1312

5 жыл бұрын

C O ye definitly free

@PartikleVT

5 жыл бұрын

poor people look at cash, rich people look at percentages.

@SimonElias

5 жыл бұрын

Yes he got his original investments back but by refinancing an improved property for a lower rate on a higher mortgage. That $600,000 mortgage will be around $700,000 with interest after 30 years. But he got a cool video title out of it.

@ellax325

5 жыл бұрын

@@SimonElias Considering he is renting out the property which is in a prime location in LA, he'll be fine.

@TBasianeyes

5 жыл бұрын

​@@SimonElias The renters pay the mortgage and he has cash flow. If for some reason he can't make he mortgage payment in the future, the bank takes the house but his personal savings won't be affected.

this does not work anymore in Canada. They put in line in listing description that "Offers will be accepted on such date" and set date at least a week away so you cant even put in an offer until listing had been seen by few people.

Should be titled "How I Got Lucky" Adblock never gave me so much satisfaction for this bs.

@emoimo4171

4 жыл бұрын

You're impressively, shockingly stupid Good job

It's like we are speaking the same language but I still don't understand. I'm trying so hard 😂😭 cause I want to learn this stuff but man....my brain is not wired for numbers

@LovedeepSingh-oo1wv

5 жыл бұрын

Samantha Tewalt ME also I can’t understand🤦‍♂️🤦‍♂️🤦‍♂️

@maartenverstraelen218

5 жыл бұрын

read books

@SueYisoSueet

5 жыл бұрын

Hi Samantha, incase you still wanted to understand this situation, I'll try to explain the best I can. Graham initially puts $230K of his own cash into the house in order to purchase and renovate it. As the value of his his house grew, he took his increased home valuation to a bank for a refinance, where the banks say, okay your home is worth more now, so we can risk giving you a larger loan. The reason why banks do this is because it's generally a win-win situation for them. If the homeowner pays their mortgage, their profit is the interest on the 30 year mortgage. If the homeowner for whatever reason cannot and has to foreclose, the bank owns the property, and can sell it for more than the loan they handed out, since the value of the home will likely continue to grow over time. Then the bank's profit is whatever the house sells at minus the mortgage still left on the house. All Graham cares about is that he has 0 of his own cash tied up in that house. His down payment and reno cost $230K of his own cash. Now, if you imagine the bank actually handing him ~585K in cash, for his refnance, he uses 438K of that to pay off the original mortgage, and now has 145K cash left in his pocket, so the total cash he now has tied up in the house is 230K-145k = 85K. A year later, the value of his house appreciates much further, so he goes to the banks again sees increased worth of the house and is willing to give him a larger loan of 675K. If you again imagine that they just paid him in cash, he utilizes 585K to pay off his 1st refinanced mortgage, and is left over with $90K (he said 85 so I don't know if my numbers are exact), which is roughly equal to the 85K he still had tied up in the house. Therefore, in terms of cash investment he put in, he was able to make it all back within 2 years due to recognizing a good house within a good neighborhood at a relatively low price. Since he now has the $230K back, he can utilize this amount to purchase another property where he can restart this process. Not to meniton, during this time, he also has renters who are usually charged more than the mortgage payment, so he's also making a profit while renters pay down his mortgage.

@SueYisoSueet

5 жыл бұрын

@Michael G True. You are absolutely correct.

@samanthatewalt5854

5 жыл бұрын

@@maartenverstraelen218 rude

the title may be misleading but the lessons and steps he took can still be applied. May have to watch some more of this guys videos

@GrahamStephan

5 жыл бұрын

Thanks!!

@kestonsmith1354

5 жыл бұрын

Still needed money to purchase the home regardless and if you can't get a loan, you are basically screwed.

@freekick129

5 жыл бұрын

Keston Smith if you can’t get a loan, check out things like “seller financing”. There are ways to get in to real estate without big down payments

@blakeramsey3373

4 жыл бұрын

@@JM-oi9pk What?

Its a very nice video. You have explained the concept very well. thank you.

Enjoyed the video, much respect on the direction you're taking is channel..

Who is watching this because they are bored 😂 Edit: Thanks for all the likes

@ryanchristiansen3403

5 жыл бұрын

Its 1:46 am here, I'm bored asf

@Zak-xc3wf

5 жыл бұрын

Hey Aiden

@Zak-xc3wf

5 жыл бұрын

I liked

@d.s.6944

5 жыл бұрын

So dam bored. I’m just clicking random videos. Just to read comments.

@TapiaJ

5 жыл бұрын

It just came up in my suggestions. I remember that he was the one that supposedly payed zero dollars for a Tesla also. LMAO.🤣

Sorry if this seems too simple... But I would love a video of exactly how you went about rate shopping. Did you write emails to the new bank showing another banks interest rate and having them beat it? Over the phone, in person, or all online? How long did the whole process take? Did some banks want to pre-underwrite and do lots of work for a pre-approval? Did you send out multiple requests at the same time or wait for each bank to finish before moving to the next? Thank you!!

@dempseydoodles

5 жыл бұрын

Rate shopping is the same as shopping around for insurance. You take your Declaration page and bring that to another insurance agent and they beat your price. Or cars... same scenario. Alot of this can be done over the phone and with the few clicks of buttons, emails are sent and within a few hours you have a bunch of quotes.

@MikeySauls

5 жыл бұрын

Thanks for the info! Appreciate it! Also, would you start trying to rate shop the moment the sellers accept your offer? Can you start beforehand or probably not since the bank needs to know the exact amount of the loan? In hot market like California, I feel like there's pressure to move through the process as fast as you can since there's so many competing people. Would you expect to finish rate shopping under a week? Thanks again!

Thanks Graham for always showing detailed steps and visuals to see each action step. I really appreciate you. Just discovered you a month ago and catching up on all your videos. I work near San Bernardino so you when you shared that was your first investment home I thought how cool- you’re doing this in California- I can too!

Lmao I love how when he tried to make the small nerdy voice it was just a more exaggerated version of how he actually talks