Hahaha! Epic Video Graham! Thanks Graham for having me on your channel and shooting this video! This was so much fun to shoot - goofing around on the current job sites (we closed on two properties this week!). Also for all of Grahams fans that are wondering - Yes he’s just as cool and fun to hang out with in real life as he is on his channel! For anyone interested in getting started in real estate - but lack of money or experience are holding you back - I recommend looking into wholesaling real estate - it’s a lot of work (to do properly) but if your serious about becoming a real estate investor - it’s a great gateway to becoming one.

@GrahamStephan

7 жыл бұрын

This was epic, and thank YOU for allowing me to film the day! For those who don't know, I found Matt's channel a week after I uploaded my first video ever. We shared tips and tricks about KZread, making videos, real estate, and what's crazy was that he lives in the same spot I visit every year to see family. So this couldn't have worked out better!

@dawsondixon4856

7 жыл бұрын

Your places look awesome man, cant wait to see how they turn out. Are you going to post some update videos on your channel as you complete the place?

@CanadianRealEstateChannel

7 жыл бұрын

Hi Dawson - yes you'll be seeing updates on these projects on my channel. Also feel free to hit me up sometime if you want a tour to check out their current state.

@lookupjackkruseonyoutube

7 жыл бұрын

GrahamStephan so when you buy properties to rent out, do you take a loan or pay for it 100%?

@GrahamStephan

7 жыл бұрын

Cranjis - I've done both. The first three I bought cash. The next two I put 20-25% down. Ideally I'd like to stick with 20-25% down and get a loan for the rest.

8:40 Lmao Matt has 80 tenants and only one arm on his glasses. Legendary.

@GrahamStephan

5 жыл бұрын

😂

@derekwallace1955

5 жыл бұрын

Right!!! lol i mean if you are cash flowing $4k on just one property you can afford some fresh glasses.

@ApartmentKing66

5 жыл бұрын

They're called "earpieces." I didn't know what you meant by "arm."

@shellyfernander6144

4 жыл бұрын

Sasquatch97 hahahha for real

That is crazy! 80 tenants in a month, still wow!

@GrahamStephan

5 жыл бұрын

🙌🏼

God , i need friends like yall. Im a broke college student and all my friends are a bunch of drunks and stoners. I need motivated , goal driven friends like yall. Im making changes

@CanadianRealEstateChannel

7 жыл бұрын

Who you surround yourself is so important - I'm a huge believer you're the average of the 5 people you spend the most time with! I think you're on that right path ASAP

@MG-bl5qo

7 жыл бұрын

Matt McKeever Im a huge motivator and always try to be a positive in a lake of negatives. But seems like all the people around me don't believe in me or they're scared that I might be better than them.

@radicalkills123

7 жыл бұрын

ASAP Guerras slowly move away my man. You don't need anyone to believe in you, as long as you do.

@MG-bl5qo

7 жыл бұрын

radicalkills yes sir , I have already but its also very hard to find those that have a good positive mentality. I guess its me , myself, and I. I will make it work .

@Arjun1234

6 жыл бұрын

Get a license for some work and get a job, then start looking for opportunities to invest. My 2 cents. Have faith and hope. Good luck.

These are the videos that keep me motivated and the vision clear. Just finished classes for my real estate license and about to start full-time as an agent! (im 20) cant wait to get my first property, im in the boston area. Love the vids graham and im definitely subscribing to the homie matt!

@GrahamStephan

7 жыл бұрын

Thanks so much! And thanks for supporting Matt's channel, he's done a great job about making some really amazing content about real estate!

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for the love RealCast! Congrats on finishing your classes & lic for RE!

@bsdiceman

4 жыл бұрын

His it going today?

I've been loving your channel, but, as a Canadian, I often wonder what things apply and what don't North of the border. This video is super motivational for me. Thanks for sharing, Graham. We'll definitely be checking out Matt's channel. When we're back in Canada this summer I think we'll be ready to hit the ground running.

@GrahamStephan

5 жыл бұрын

Awesome!! I've got a similar one posting on Wednesday, keep an eye out!

@CANRUSH

5 жыл бұрын

@@GrahamStephan Notifications are on!

I really love the way you're so happy for your friends, so honest with your videos that you share, and nice enough to share all the knowledge you have to help people.

Matt and Garaham in one video - worlds are colliding!! So much value in one place.

@CanadianRealEstateChannel

7 жыл бұрын

Haha thanks Kellan!

@GrahamStephan

7 жыл бұрын

You're next man!

@KellanJames

7 жыл бұрын

I'm SO down!

"No one can hear your screams... Some would call this water damage, I call it character."

@CanadianRealEstateChannel

7 жыл бұрын

drummers anonymous haha - thanks for watching!

@GrahamStephan

7 жыл бұрын

+drummers anonymous best line ever

@JeffWybo

7 жыл бұрын

Loved that line.. lol

@genesis204

5 жыл бұрын

“No pesky windows”

TIMEOUT AT 9:15 DONT TELL ME MATT ONLY GOT ONE SIDE OF THE FRAME ON THE GLASSES CMON BROTHA

@GrahamStephan

7 жыл бұрын

Shhh...no one was supposed to notice

@CanadianRealEstateChannel

7 жыл бұрын

Haha - someone recently sat on them and broke the frame... been meaning to get them replaced - good eye. I may be frugal to a fault... :)

@coldstoneization

7 жыл бұрын

i was waiting for someone to comment on that haha

@BandosNBread

7 жыл бұрын

Matt McKeever you good bro lmao

@BandosNBread

7 жыл бұрын

GrahamStephan 😭🤷🏾‍♂️

I love that your asking him the questions that need to be answered if someone wants to enter real estate

Rich Dad Poor Dad is the gateway drug to real estate. I'm 20 as well lmao good video, will subscribe to Matt he's actually a really funny guy!

@CanadianRealEstateChannel

7 жыл бұрын

Thanks! Appreciate the sub! Rich Dad and The Millionaire next door - two books that drastically changed my life and it's trajectory! Anyone that's lurking and looking for a few book recommendations - I'd highly recommend you check out these books!

@GrahamStephan

7 жыл бұрын

It's so true! It was one of those books I read in high school that was so eye opening!

@JayHiggs

7 жыл бұрын

dude for real! i read it at 18 and thats when I knew for sure. good luck homie

6 жыл бұрын

MindZero have you wonder where this "Rich dad" is at?:) Google him

@KB-wl4ip

6 жыл бұрын

Yes I just purchased that book and I really just want to absorb his information. Anything Robert Kiyosaki says or writes is golden.

It's interesting to see how Graham is turning real state into KZread entertainment. Genius!

@GrahamStephan

7 жыл бұрын

+Carlos Garcia Its fun! And this isn't even the best of it, most of the fun stuff happens spur of the moment or can't be filmed!

@CanadianRealEstateChannel

7 жыл бұрын

100% agree this was so well shot and so much fun to shoot!

@RE1jill

5 жыл бұрын

Thats kinda not good more competition and everyone will be doing it

woot woot, Canada! My mother's uncle is a lot like this man. He owns two buildings in the outskirts of downtown Toronto. Started from absolutely nothing as an immigrant.

@CanadianRealEstateChannel

6 жыл бұрын

arjunsecondary thanks for watching!

I did that! Bought a three-bedroom home in the San Fernando Valley, Winnetka, added another bedroom by dividing up the living room, Rented out 3 bedrooms, lived in the master suite , I paid all my house bills and my mortgage mortgage! Than I had a full-time job I got to keep the money!

holy crap ... the quality in this video (recording, structure and dialogue) is so much different than what I normally watch from Graham! Insane. This is how you know everyone starts somewhere!

80 Tenants!! That's crazy, my goal is to build up a portfolio of 20 properties by the age of 26.

@CanadianRealEstateChannel

7 жыл бұрын

That's an awesome goal Edward! when I was 25 I bought my first property - if you implement the BRRRR method you'll be able to grow your portfolio to be multiples of mine by the time your my age!

@GrahamStephan

7 жыл бұрын

20 by 26 would be incredible, what area are you wanting to invest in?

@EdwardOrnelas

7 жыл бұрын

Mid-western region. Currently I'm located in New Mexico and want to expand out to Colorado and Texas, maybe even Arizona!

@EdwardOrnelas

7 жыл бұрын

Thanks Mat defiantly take this into account!

@jamesvillegas877

7 жыл бұрын

Edward Ornelas what number property are you on?

I'm starting to watch your videos before I buy my first house. :) The market is pretty crazy and it feels like it's on the rise again. What do you think would be a good thing to do now (Jul 2018)? I'm at max, max at 500K, more around 400, maybe even high 3's. Also I would get a Pixel 2XL for the front camera vlog style shots. It looks awesome and it's much less bulky as a camera. Thanks

love it!!! Can’t wait to watch more of your videos I got so much out of this one honestly. 🙌🏼

@GrahamStephan

6 жыл бұрын

Thanks so much Mariah!

Matt is definitely living below his means rocking broken glasses while driving.

@CanadianRealEstateChannel

7 жыл бұрын

Yeah... You don't have to be quite as frugal as me - but living below your means is the only way to get ahead. Either you grow your income or reduce your expenses - but you need to grow the spread between your income and expenses. Appreciate you watching & commenting! If you're interested in early retirement via frugality I recommend you check out ERE (Early Retirement Extreme) or MMM (Mr Money Mustache)

@jwb4bb

7 жыл бұрын

Matt McKeever haha! Thanks for the reply. I'm a big Dave Ramsey fan, so i get you big time on making the most of the "spread". I use the EveryDollar app for our monthly budget. Also for business you might like Profit First by Mike Michalowicz, it's a great book about managing cash flow. Are the titles that you mentioned books? I haven't heard of those....

@CanadianRealEstateChannel

7 жыл бұрын

Hi Jay - they're blogs that also have very active communities/forums. I highly recommend checking both out. Early Retirement Extreme does have a book and it's fantastic (imo) I've actually given away over 30 copies of it. (I refer to it as my bible).

@jwb4bb

7 жыл бұрын

Matt McKeever haha! Thanks for the reply. I'm a big Dave Ramsey fan, so i get you big time on making the most of the "spread". I use the EveryDollar app for our monthly budget. Also for business you might like Profit First by Mike Michalowicz, it's a great book about managing cash flow. Are the titles that you mentioned books? I haven't heard of those....

@skhancanada01

7 жыл бұрын

How can he get so many mortgages

Dude at some point you need to bail on California for the East coast or something. One of our friends left Laguna Beach for N.C. and is making way more rent with the same amount of money invested. Like 2.5 times as more.

@jonwcs5842

4 жыл бұрын

Wait for where a large corporation moves & starts up operations. Many times their in smaller communities & the company will move there for a tax break or such. Buy as many properties as you can, theyll be valuable over time & a good sell after getting paid off. Move to where the $ is going to grow.

@Santamonicadrainco

4 жыл бұрын

Yes yes yes !! 100%agree. Commiefornia is not a place to thrive in any industry.

@abbyboyone

4 жыл бұрын

@@Santamonicadrainco no conservative evangelical neighbors. no thank you.

@Santamonicadrainco

4 жыл бұрын

abbyboyone that’s why we’re making all the money baby!! Remember to keep your feelings aside and you will become successful.

Great video Graham and Matt! Can't wait to see how these places come together, and can't wait for us to BRRRR a few more of our own Matt!

@CanadianRealEstateChannel

7 жыл бұрын

Absolutely! Thanks for watching & commenting Adam!

At 14:15, I don't understand the "were getting the house for free" and I didn't understand the benefit of refinancing from a $140,000 mortgage to a $200,000 mortgage until I wrote this comment. Would the benefit be that you now have an extra $50,000 (taking into account the $10,000 reno cost) in pocket in order to put into the next property?

@GrahamStephan

7 жыл бұрын

+ForrestKnight Exactly! You've made money renovating the property to increase its value, then you cash out - get all your money back, leaving some equity in the house, to then go and do it again!

@fknight

7 жыл бұрын

GrahamStephan | You're the man. Thanks for the quick response. My dad is big in real estate, but more so land development and a few other unique opportunities my city offers. I'm trying to gather all the information I can before I dive in, which won't be for a few more years to come because I'm working on other things at the moment. Your channel is much appreciated.

@CanadianRealEstateChannel

7 жыл бұрын

Great Approach ForrestKnight - Before I got started in real estate I spent a ton of time reading books and forums, just gathering info.

@Abdi-uy1kh

6 жыл бұрын

ForrestKnight I didn't know you watch these videos. Good to see you here. I like your videos.

@fknight

6 жыл бұрын

Matt McKeever | That's the way to do it: gather information until you're "ready." I use quotes because many say they're never ready but sometimes you just gotta jump in as long as you know enough. ABDIKADIR ABDALLA | Yea! Learning as much as I can in many different areas. Good to see you here too.

Matt McKeever is right u buy the fancy stuff after you have made it not before you made . You can't think like the majority this guy got the right mindset

@CanadianRealEstateChannel

7 жыл бұрын

Thanks Juan! It can be hard to find people of a similar mindset - glad you agree! When I first started it out, it was frustrating at times as many people did not 'get' what I was doing. But that delayed gratification was worth it!

@MichaelSmith-gd4gv

7 жыл бұрын

Matt McKeever How much do you make per month?

now thats what I call a real estate empire! just had a quick question and id appriciate if either of you guys could answere it. how could you find cheap fixer uppers if your not a real estate agent? a few years back I was looking at forcloseur properties and, taking the repair into consideration, I didnt find them to be much cheaper than buying a nice house. Thanks in advance and great vid

@CanadianRealEstateChannel

7 жыл бұрын

Hi Brabus - In general - I'd say the best deals are not found on MLS/REALTOR .ca But our found as private deals. (I've recently started a whole video series on how to find private deals). The key reason for this is information asymmetry . In regards to forclosure properties - your right, just because a property is in foreclosure doesn't necessarily mean it will be a good deal. I personally (and on my channel discuss this) focus on strategic renovations - so what renovations will result in higher gross rents and higher quality tenants. (Renovations often life painting, adding dishwashers, adding laundry add the greatest return on investment)

His strategy of taking a property that isn't very good but has potential and renovating/redeveloping it, remortgaging it based on its new valuation and pocketing the difference between the cost of purchase + improvements and the total loan amount to then reinvest that added capital into new ventures is great. I do the same thing but with shopping centres and office buildings. Same trouble and time but bigger payoff, however there is much more initial capital needed. Great video Graham, keep it up!

@CanadianRealEstateChannel

7 жыл бұрын

Daniel Bibeau thats really interesting - what market are you doing this in? How did you get started with that profile of property? Also thanks for watching!

Wow, loved the video man!!!! Im abroad for the next three years, so it's great to hear a Canadian accent, and learn while doing so. You guys make a great team

@GrahamStephan

5 жыл бұрын

thanks!!

At 4:30 , his Canadian accent shines! LOL. "recycle the process over and over again". He is legit Canadian.

@GrahamStephan

5 жыл бұрын

😂

THE BRRRR STRATGEY! BUY REHAB RENT REFI REPEAT!

@CanadianRealEstateChannel

7 жыл бұрын

I love the BRRRR method - as long as your properties cashflow after you BRRRR your set to move onto the next one! I've been doing this for the last couple years and my portfolio has grown dramatically - because before I was always slowed down by the need to save up the next down payment - leverage is the key in real estate - so take advantage of it (when it makes sense financially to do so)

@vfont8567

6 жыл бұрын

Please explain why you refi

@BandosNBread

6 жыл бұрын

you refi so that way you get bck some or all your intial investment back from the property. youre stripping the equity away down to 20-25% percent so you can have a normal mortgage *ROUGH NUMBERSS* buy home at 60k its worth 120k after repairs repairs are 20k you all in for 80k the bank apprasial comes in at 70-80% of what the home is worth so you get 84k-96k back from the bank so actually you got back all your money plus an extra 4k-12k

@Mansax2

6 жыл бұрын

Mellodread got it, but when you refinance don’t you have to pay that money back? Isn’t that actually creating debt? Or am I misunderstood?

@MetaNerdzLore

6 жыл бұрын

from what I understand, the 80k could be in cash borrowed from others, with the re-fi you get the money back to the investors quickly at whatever interest you negotiated, and you now have a property for free (none of your money down). And like the example above, let's say you got 10k more than you put in with the re-fi, you can then put that 10 as a down payment on your next property. Idk if that is a perfect explanation, trying to learn all this myself.

Graham I love all your content! Keep it up! I can't wait to be able to invest once I have the capital!

@GrahamStephan

7 жыл бұрын

Thanks so much, so glad you enjoy it!

@CanadianRealEstateChannel

7 жыл бұрын

Thanks Alberto for watching & commenting - If you currently don't have the capital but want to get into RE investing - wholesaling may be a great gateway to becoming an investor.

Question: When you refinance like you said in the video, does your mortgage need to be paid entirely? And do you have to put a down payment on the next house you buy if you use refinancing?

@tylernorby4939

5 жыл бұрын

The first loan acquired is paid when refinancing. The cash you get from refinancing is the difference between the two loan amounts minus whatever down payment is required on the new loan. Example: 100k purchase with 10k. Assume after some work on the property it is now worth 120k. You can refi to get 120K loan. So 120K - 100K - (120k x 0.10) = 8K cash

I have been so inspired by your videos, and finally investing in a property myself.

@CanadianRealEstateChannel

6 жыл бұрын

Rajiv jaigopal wadhwa thanks for watching!

Killer video Graham! Thanks for coming down to London!

@GrahamStephan

7 жыл бұрын

+The Hungarian Experiment Great meeting you dude! I'm sure I'll see ya before I head out!

i was waiting for this video. thanks for fulfilling your promise.

@GrahamStephan

7 жыл бұрын

Done! As promised! :)

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching Jessica!

That downstairs is to unfinished to be a property rental. You also need to have a window for it to be a legal bedroom. I have seen properties that had the drop ceiling removed and the cleaned up and painted to give it an industrial vibe and it looked great. The downstairs could be converted into a legal rental unit but it would need more windows, repairs to the ceiling, and better flooring.

It's funny I recently started watching these channels for extra advice I've noticed that we have a lot of the same thinking I always live below my means. I just turned 25 but I own 3 homes, two of which are already paid off, and I have roommates in my newer home, so they're basically helping me for success.

@GrahamStephan

6 жыл бұрын

That’s a great way to do it!

I agree with MATT 💯% on his strategy. Great video

@CanadianRealEstateChannel

7 жыл бұрын

Thanks Arthur - the BRRRR strategy isn't super flashy - but is a great way to patiently build a real estate portfolio. Do you currently use this strategy yourself - or are you considering implementing it?

@Arthur-mh5hb

7 жыл бұрын

Matt McKeever i definitely want to implement the BRRR METHOD 👍 Bigger Pockets 💯 lets connect

@CanadianRealEstateChannel

7 жыл бұрын

You can find me on BPs Matt McK

So super smart. When I pay off my truck, no Maserati for me. Lol I will invest in more properties.

@CanadianRealEstateChannel

6 жыл бұрын

That's awesome to hear!

@Fankas2000

5 жыл бұрын

It is only smart if the housing market doesn't crash (again).

@tylernorby4939

5 жыл бұрын

@@Fankas2000 Does not matter if it crashes long as you got the cash flows in order to ride out the downturn in the market. Crashes aren't forever and real estate is not a short term plan. I'd advise you do a little more research in market cycles and look real estate prices over the last few decades. You'd quickly realize your comment is foolish.

@Fankas2000

5 жыл бұрын

@@tylernorby4939 Maybe I am ignorant on this subject, but when the housing market crashes your rent money is going to decrease, but your bank payments are going to stay the same. So how is it that a housing market crash isn't a huge danger to these guys. After all the bank isn't going to wait long to confiscate your houses after you start missing your payments.

@samuelbuis6587

4 жыл бұрын

Yes listen to Matt! But it after you made it!!!

I think if you would start a youtube show on renovating properties just like this your viewership would blow up. This was great content, and people need to see this real life stuff. We also want to see a walk through of financing, getting tenants, etc.

@GrahamStephan

5 жыл бұрын

I’d be down!!

Great video bro! Really want to get into real estate! The Canadian market looks very appealing!

@GrahamStephan

6 жыл бұрын

🙌🏼

Good video Graham! always motivates me to start real state. right know I have a house that Im going to sell when Im done with the construction, to start investing on more properties.

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching Rudy! What type of properties are you planning on investing in? What market are you located in?

@rudysgtv5068

7 жыл бұрын

Matt McKeever i dont know how this market its called but I build this by my own as a constructor, its a house with 4 bedrooms and 3 restrooms, right know it needs just some small touches inside the kitchen and restrooms and its done to sell it. (I didnt used a loan to build this house). I dont know if i want to invest the money and build an other two but smaller houses or invest on rental properties.. Decisions decisions...

This video just laid out my future....thanks Graham!

@GrahamStephan

7 жыл бұрын

So glad you enjoyed it! And its a great career to get into!

@CanadianRealEstateChannel

7 жыл бұрын

Really appreciate that Drew! Thanks for commenting and if you have any questions feel free to hit me up.

Wow 80 tenants! Thats genuinely insane, but major props to him. Have you looked into blockchain and it's possible application into real estate? You can use DEED to decide what to pay in commission costs when purchasing or selling a home, lowering the traditional 6% fee to 1%. Pretty interested IMO, especially to real estate investors.

This video is some of your best content - thank you!

GOALS 😍😍

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching & commenting Sarah

Water Damage? No Character!! lol

@GrahamStephan

7 жыл бұрын

+Jeff Wybo who needs those pesky windows

@realestateratpack341

5 жыл бұрын

We like those London, Ontario OEV crack character homes :D

Matt McKeever A 12% gross Yield s very, very good. This property in the vid is seeing 18% gross yield! That's insanely good, and cashflow like that makes everything possible. Your insight and awareness is legendary!These sort of yield numbers can be realised in many places that aren't cities but the payoff is often zero capital gain. I'm not a believer in capital gain or flipping as the end goal - cashflow is king! - but there are always trade-offs. Your explanation of the tax advantage of realising capital increase from improvements is perfect. However you need to accentuate the part the rent income plays in this. No amount of equity can be realised through financing without the rent to pay the loan. When you're getting down to 6%Yields and less in cities you're starting to need to have 50% equity left in a property to be secure long term.

@CanadianRealEstateChannel

6 жыл бұрын

Thanks for watching and for the well thought out response. - You're right about needing the rents to carry the property - unfortunately for the sake of brevity we can't cover everything in one video. I do go into greater depth on my KZread channel about such things, and recommend people only refinance up to the 1% rule (or there abouts)

Can you make a video about the budget you need to have to start? When buying/renting your first property.Everything from the down payment to unexpected expenses etc, or give your experience. What you had to start with.

You gus put Grant cardone to shame, this is want we want to see.. keep up the good work

@GrahamStephan

7 жыл бұрын

+Rondell O'Neale Haha yessss!!! Thank you so much!

@CanadianRealEstateChannel

7 жыл бұрын

Rondell O'Neale dude thank you so much - that's a huge compliment - glad you got value from this!

Guy is amazing

@CanadianRealEstateChannel

6 жыл бұрын

Latif Pilo thanks! Appreciate you watching

@CanadianRealEstateChannel

6 жыл бұрын

Thanks!

Thanks for profiling these guys Graham. Very cool to see these young guys right in my own city doing well for themselves and setting themselves up for financial independence. Gives me more motivation to do the same.

@CanadianRealEstateChannel

7 жыл бұрын

Hi D Lee - thanks for watching - that's awesome you're from London Ontario! Have you heard of/checked out LDNonFIRE its a meetup group/FB group I co-host for people interested in early retirement - we actually meetup this tuesday at 6p at poachers arm.

@dlee6985

7 жыл бұрын

I've never heard of it but I will definitely look it up on FB. I wouldn't be able to make this Tuesdays meeting, as I work nights but hopefully the next one.

One of my favorite videos I've seen on the channel so far. Very informative and shows the potential in what looks like a total dump. I feel like i can do this now!

@GrahamStephan

6 жыл бұрын

Thank you so much!

Pleas go back and show off the finish product

GOALZZZZ

@CanadianRealEstateChannel

7 жыл бұрын

The key to meeting goalzzz is reverse engineering. Figure out where you want to go - then figure out the steps you need to take to make it. (Realizing the importance of reverse engineering drastically changed the trajectory of my life)

@romagrigorenko

7 жыл бұрын

Matt McKeever Already on it my man, thanks to guys like yourself and Graham. Last year I bought my first house at 20. Needed alot of work but I got it done and now I have alot of equity in it. This year at 21 I bought my first rental unit which also needs a ton of work but it'll all be worth it. I'm doing demo right now just like you guys :) next step, refinance and buy a multifamily unit! #BRRRR

@CanadianRealEstateChannel

7 жыл бұрын

Congrats on closing on your first rental property! What sort of reno's are you undertaking on this project? That's awesome your getting started at such a young age! Man by the time your my age... Keep on crushing it man!

@romagrigorenko

7 жыл бұрын

Matt McKeever mainly cosmetics. Needed to demo the kitchen and bathrooms, take out carpet. Then fresh paint, floors, and kitchen cabinets. It's very dirty in there but luckily nothing structural. Thanks for the motivation man, means alot.

@bookreviewnerd8260

6 жыл бұрын

+Roman G do you rent out low income apartment??

Really great video! Love the collaboration. Really enjoyed you comparing LA market that we're so familiar with to Canadian market.

@GrahamStephan

7 жыл бұрын

You got it!

@CanadianRealEstateChannel

7 жыл бұрын

Yeah - it's really interesting - real estate markets can vary drastically region - to region - but there's always a way to make money off of it - but that strategies may not be the same!

I kept waiting for the explanation how he made sure his tenants paid every month - but no, he just has eighty tenants. (By the title, I assumed this was about his great people skills or tenant-choosing skills..) Enjoyable all the same.

@JeffWybo

4 жыл бұрын

Definitely some tenants that don't pay on time but there is processes in place that take care of that. N4 Forms immediately

Who does he use to refinance the property?

@CanadianRealEstateChannel

7 жыл бұрын

In Canada - you have a few options, you could use an improvements +mortgage; or a STEP mortgage or just go back to the lender and have the initial mortgage when you purchase be an open mortgage registered at a higher value than purchase. (to avoid breaking and additional legal fees). I'm not sure what the best approach in the US would be though.

dat outline tho

@GrahamStephan

7 жыл бұрын

Generic KZread-Thumbnail FTW

@CanadianRealEstateChannel

7 жыл бұрын

Haha - thanks for watching Andrey!

Grahams real estate nightmares. The bedroom with no Windows is priceless lol. This reminds me of a house in Hill Mc Night in MA. We were on the second floor when my mom opened a door only to find no room and straight outdoors!... and a lot of burn marks...and the creepy doll lady in Springfield MA is a land of a lot of crazy stories.

@GrahamStephan

5 жыл бұрын

😂

I like the saving of the cabinet frame. Stripped down it'll look fine and ready to paint. Even if they don't strip it, a fresh coat will look decent. The framing of newer cabinets from the home improvement stores is less robust and less durable unless you get premium stuff.

@GrahamStephan

6 жыл бұрын

🙌🏼

16 properties? This guy must be making insane amounts of money annually.

@NGRPNathanKing

7 жыл бұрын

Long Legged Mac Daddy My parents have 30+ houses although they made the mistake of buying them in low income areas. Now they're having to lower rents which just cover the mortgages. Just goes to show, watch what area you buy in if you're wanting to make a profit.

@CanadianRealEstateChannel

7 жыл бұрын

I recently left my full time job to focus on real estate investing full time. Nathan is right though the number of doors doesn't necessarily translate to more cash/income. But if you are purchasing good investments (say that meet the 1% rule) it should translate to higher income.

@Armstrongifyable

7 жыл бұрын

Matt McKeever What I haven't seen mentioned here is the factor that in 20 years after the rents/you repay the houses' mortgages, you'll be owning 16 properties and cashing out on 100% of the rent (saving some part for repairs ofc, and no longer needed to save for vacancies). You can retire earlier than from some other jobs and have insane passive income (except a few hours a week to manage those rents).

@longleggedmacdaddy5313

7 жыл бұрын

Matt McKeever Thanks for your insight, it's truly helpful.

@longleggedmacdaddy5313

7 жыл бұрын

Nathan King Thanks for the reply, low income area rentals must be a pain.

RIP B THA LEE JK LMAO!

@banahlee

7 жыл бұрын

Mellodread Frick, I need to get back in the game. Ima come back like Rocky though, just wait.

@GrahamStephan

7 жыл бұрын

Oh damn B the Lee is a few seconds behind!

@BandosNBread

7 жыл бұрын

B Lee Most Def Bro✊🏾

@Jonathan-xn3rp

7 жыл бұрын

Mellodread A new king 🤴🏻has risen

@CanadianRealEstateChannel

7 жыл бұрын

Hahaha

When u buy and renovate these houses do you have the same team for every property and do u decide what and how everything gets renovated? As in do you buy a house go inside hire someone to renovate it completely by giving them a budget and then rent it?

@GrahamStephan

6 жыл бұрын

I use the same team. But I tell them exactly what I want done.

8:30 his glasses LMAO ... Matt is an absolute savage

@GrahamStephan

6 жыл бұрын

LOL

@CanadianRealEstateChannel

6 жыл бұрын

Haha - thanks!

80 checks a month! Geez!!

@GrahamStephan

7 жыл бұрын

+Brandon Haynes Yeah its crazy!

@NoName-ms8jb

4 жыл бұрын

Brandon Haynes He is definitely a millionaire with that many paychecks.

I hope that by the time im 18 i can be able to buy my first house 🏡 or mortgage it

I'm very interested in, "house hacking" but have a few questions. 1). How much money do you have to make before you can get the bank to give you a loan ( I currently only make $20k and want to start when I make 50k in the next 2 years or so)? 2). How can I go about finding good tenants that won't mess up the place ( family member won't even think about house hacking, because of this worry and the Damage they would do on the house)? 3). How do I go about determining how much rent each person should pay? Thank you for all your great content, you are great inspiration.

What do you think about getting private investors to fund a renovation/flip as a side hustle. Basically buying and fixing a house with other people's money. In the end giving them a percentage of total profit after selling.

@CanadianRealEstateChannel

7 жыл бұрын

JFallacy I think it can be a great idea to get started in real estate - the way I fund a lot of my JVs is - I'm the expert (knowledge) and they're the money and we split things 50/50

#goals

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching Brandon!

Yo wasup

@GrahamStephan

7 жыл бұрын

FIRST!!

@CanadianRealEstateChannel

7 жыл бұрын

Thanks Jonathan for watching & commenting!

This is content is great. I like how you are able to share other realtor's properties and their perspective on real estate. 👍

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching & commenting Michael!

@GrahamStephan

7 жыл бұрын

+Michael Chung 🙌🏼

@Chungster228

7 жыл бұрын

Subbed to your channel, keep it up man.

8:39 is so true and the recipe for a successful partner venture

@CanadianRealEstateChannel

6 жыл бұрын

Thanks Andros - If you're looking to learn more about my strategies - jump over to my channel to see some of my other videos on real estate investing!

Graham are you on steroids?

@CanadianRealEstateChannel

6 жыл бұрын

He's bulking up!

@Zeljia

5 жыл бұрын

2010drive it’s just the caffeine in his 20 cent coffee🤑

Your videos have really pushed my daily actions in a positive way! I’ve already been doing good but I like how you think we’re gonna have to link up one day when my names carry’s weight with it! Much love man keep it up

@GrahamStephan

5 жыл бұрын

🙌🏼

i am in alberta and should i move out to ontario to do real estate since its better there to buy real estate or should i just stay here in alberta and do it?

PLEASE show us what some of these house's look like once Matt has fixed them up, would love to see the finished work and what the vision he had in mind ended up like ! Great VIDS !

@GrahamStephan

5 жыл бұрын

Thanks! I gotta go back to show the updates!

Great and informational video Graham! I enjoyed seeing the BRRRR strategy folks talk a lot about, brought to life on screen. PS. He must be putting every cent into his properties as it seems he’s not even splurging on scotch tape for his broken glasses! 😉

@CanadianRealEstateChannel

6 жыл бұрын

Haha - All about that ROI - 😂

Graham can't wait to have you as a guest at OREC 2019. You bring tons of value each time you speak. We keep following your content as well as Matt's. Keep up the great videos.

@GrahamStephan

5 жыл бұрын

🔥🔥🔥

Rich dad poor dad book and You two guys got me interested in real estate investing and cash flow watching your videos are a big help so I could learn how to get started and what it takes

I'm enjoying all the videos that you have been putting out. Greatly appreciate all the work you put in these videos and I am constantly learning from them. Thanks so much

@GrahamStephan

7 жыл бұрын

Thank you! It's been amazing to record and have the time to edit - when I'm out of town with nothing much to do, making these has been so much fun. Back home when I'm working during the day and have so much going on, it's nearly impossible to find the time to record and edit as much as I want. So I'm just enjoying it while it lasts, lol

@CanadianRealEstateChannel

7 жыл бұрын

Thanks for watching! Graham's been crushing it with his editing game!

@Bwilly04091

7 жыл бұрын

Matt McKeever it was great hearing about your success story on how you obtained many properties. Videos like these are the ones that made me get started in real estate. You both have big portfolios compared to mine as I have only 2 properties so far. Much success and support to the both of you.

@CanadianRealEstateChannel

7 жыл бұрын

I'm glad to hear it! 2 income properties is awesome man! If they're cashflowing things will start snowballing!

@5:22 love that he says whip 😂😂😂🤣🤣

Mad respect man he has 80 tenants and keeps it humble, he could have new Gucci glasses and a Porsche but he could put a down payment for a house with that, smart guy

@GrahamStephan

6 жыл бұрын

Matt is one of most frugal, level headed people I know!

I’m getting on this. Im saving money now, been wanting to buy something. Gotta start small, nit too much work, and manageable. I’ll have to look into it more…

@tylernorby4939

5 жыл бұрын

Don't expect "not too much work". Be ready to commit time or it won't work out as you want.

I'm really enjoying your videos. Can you show video of the finished house?

My first deal was a house hack duplex. It is the by far the best way to start in the RE game.

Outstanding value rich content! Love it! Keep up the great work!

@GrahamStephan

6 жыл бұрын

Thanks so much!

how do you insure these houses while renting out each room. Are insurance companies allowing this, I assume it's all legal?

How exactly do you qualify your tenants? Or do you use a management company instead?

His partnership advice could have saved me a lot of time.

I'm going to watch this video more than once , there are some real gems of information in it

@GrahamStephan

7 жыл бұрын

+I hate group txt !!!!!!!! That's so awesome to hear, believe it or not this was originally almost 45 minutes long and I cut a lot out. Will be making more of these types in the future!

@CanadianRealEstateChannel

7 жыл бұрын

Thanks I really appreciate that! Any questions - feel free to hit me up!

Thank you so much for this video so much info perfect vid man

@CanadianRealEstateChannel

6 жыл бұрын

Thanks really appreciate the kind words!

I got a question, you have take out a mortgage to buy a property, you invest money to renovated the property. But don't you have to wait for decades till the rent pays off the mortgage?

@GrahamStephan

5 жыл бұрын

Sure, but you don't need a paid off mortgage...you just need monthly cashflow.

When he says he gets his money back after refinancing does he mean in the sense of equity or does he take a equity loan out after each refinance?

@CanadianRealEstateChannel

6 жыл бұрын

Hi Tyler, when I refinance, we refi it at 80% of the new loan to value. So for example, I buy a house at 110K, spend 10K on Reno's and refi it at 150K meaning I get a new loan for 120K, which means I have none of my personal money tied up in this property. I have an entire playlist on my channel called BRRRRing Elias st that goes in depth into this process over 5 videos. And Tomorrow I'll be documenting a new project I brrrr'd (expected to come out at 6pm est if you're interested) thanks for watching!

This is my first videa with you guys, do you buy with your company or personally.

@GrahamStephan

6 жыл бұрын

+Reviews I buy everything myself personally! And welcome to the channel!

@CanadianRealEstateChannel

6 жыл бұрын

Thanks for watching! I do both, it's situational. But usually once you get to a certain portfolio size, it gets easier to qualify for future mortgages with a company.

@Lisa76015

6 жыл бұрын

Thank you both for answering. Great videos. More success to you both.

I have a question, I'm sorry it's a stupid one. When you do househack and collect rent from other people living in your house, do you get taxed on those rentable income? Also, for the second case, when you get a property and put it out for rent, do you also get taxed on those rentable income, or are the checks for yours to keep only.

Talking about the mentor or book that makes you want to do something bigger like this and i feel like you are a major one for me and many others.

@CanadianRealEstateChannel

6 жыл бұрын

Thanks Miles!

Very informative and thanks for sharing!

I want to get into real estate when I am a bit older (im 16) and I keep hearing refinance. I understand it it where u have the bank check out the house but I don't fully understand how it works. I heard u can get some money back for making the house better or something. Can someone explain it better to me? Thanks :) also great vid

Graham, please make a video on tax advantages of what Matt was talking about in regards to buying an add-value property, remodeling to increase value and then re-fi at a higher assessment amount, and why that would be tax free income.. I understand the concept, but I think a lot of your target viewers are confused as to the concept of "tax-free" and the instant ROI through re-fi.

@CanadianRealEstateChannel

7 жыл бұрын

To help clarify - tax free income is technically the wrong phrase. But when you sell a property (in Canada) you have to pay taxes on the capital gain. (You pay tax on the difference between what your total cost for the property was and what you sold it for). Where as when you BRRRR a property and refi you're just accessing the new equity (not income - so not taxable)

This was fantastic!!

@CanadianRealEstateChannel

7 жыл бұрын

TheHvk thanks for watching!