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How I bought my first rental property at 21 years old

6962 ratings | 320486 views
By popular demand, here is exactly how I bought my first rental property. Everything from how I made my money, how and why I saved it, why I wanted to invest in real estate, what type of home I wanted to buy, what area I bought in...everything. I hope you enjoy it, thanks for watching! Feel free to add me on Snap/Instagram: GPStephan Learn how to make money as a Real Estate Agent, build your network of clients, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: $50 off with code ThankYou50 for a limited time: https://goo.gl/UFpi4c If you’re the TL;DR type: -Started working as a Realtor in 2008 -Saved the majority of my income from 2008 until 2011/2012 -I noticed real estate become very cheap and I wanted a stable source of income -I bought the first property for almost $60,000 -Renovated it - and rented it out -Continued saving as much as I could -Continued buying more rental properties in 2012 -Continued working as a Realtor -Bought another property in Summer 2016 -Continued working as a Realtor Enjoy :)
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Text Comments (1154)
VagueDot Media (1 day ago)
Soooo are we gonna talk about how much Graham looks like Tom Holland??
Graham Stephan (23 hours ago)
Aha I’ve gotten that before
Kyrst O'Keefe (5 days ago)
15:34 'Twelve hundred scruff it home'????
im 21 and am gonna give a down payment then rent to own a nice house in my child hood neighborhood.. hope I dont fall on my face!
Graham Stephan (8 days ago)
🙌🏼
Pink Lemonade (11 days ago)
Greetings I'm a graphic designer, If you ever need anything hit me up. Forget rookie millionaire status, we'll be BILLIONAIRES! ✊🇺🇸🇬🇧
Graham Stephan (11 days ago)
🙌🏼🔥
OscarsDesignSpace (12 days ago)
Graham great video! How much is this $59,500 house worth now?
OscarsDesignSpace (12 days ago)
+Graham Stephan impressive work. I'm from England so that would be £46,738 with today's exchange rate. Wow, dirt cheap!
Graham Stephan (12 days ago)
About $250k now!
Alex P.I (13 days ago)
22 I have 33k cash.... I dontknow what to do now???
Jonathan Garza (15 days ago)
I am a student at Wharton someone send me some money so I can pay for my education
Feather H (16 days ago)
🤙🤙🤙🤘🏾
Graham Stephan (16 days ago)
🙏🏼
Justin Gordon (16 days ago)
Just a comment
Graham Stephan (16 days ago)
Thanks!!
Asli Shagu (20 days ago)
how much money do I need to save up before I start? Do you think I should get license right now and continue learning about real estate even though I don't have money saved up? Thanks for your videos.
Den SHERMIL (22 days ago)
Are you from Australia? or live in Aus?
Graham Stephan (22 days ago)
No!
CashKC (22 days ago)
You made your first thousands off hoarding 😂😂
Graham Stephan (22 days ago)
😂
Victor Deathridaz (23 days ago)
Lol so you basically had the money for it. Cool
Graham Stephan (23 days ago)
Yes.
Arturo Lopez (23 days ago)
I remember watching this video two years ago at 19 with $2,000 in my bank account and now here I am two years later with $30,000 ready to buy my first property to househack in and eventually turn into a full rental. Without the motivation from these videos I’m not sure I would’ve had the discipline to get here. I know $30k isn’t much but coming from poverty it’s more than I could’ve ever imagined.
Graham Stephan (23 days ago)
That's amazing!! Well done man, you've come such a long way!!
FireRonin (24 days ago)
How much did you put down for that loan? I am buying a 60K property, but I have to put 30% down
FireRonin (24 days ago)
+Graham Stephan Wow I hope I can get on that level one day!
Graham Stephan (24 days ago)
I paid cash!
zapkible (27 days ago)
thanks for not charging $200 for this video like other people that promise life-changing tips XD
Graham Stephan (27 days ago)
Haha thanks!
You are describing my life right now. I just work and save too. Also, you just got another subscriber buddy. Right here, right now.
Graham Stephan (27 days ago)
Thanks so much!!
_ Cesar _ (28 days ago)
Interestingly enough, you didn’t mention going to school (i’m new to the channel idk if you’ve mentioned it in your videos) but let me tell you, if i didn’t have to spend several hours, several days a week i’d make (and save) so much more money it’s infuriating to think about and sometimes I really wonder why I keep going. At this point i’m so close to graduating I might as well and commit... but still 🤦🏻‍♂️
_ Cesar _ (28 days ago)
Graham Stephan what are your thoughts on the subject? Have you made a video on it?
Graham Stephan (28 days ago)
Yeah, never went to college!
Randy Guerrero (28 days ago)
Did you complete a real state agent course online? And if you did, what website you used? @graham
Graham Stephan (28 days ago)
Yes! And Allied Schools.com!
Jakub Lakomski (1 month ago)
How do you make 30 grand your first year but didnt sell a house until 10 months later?
Jakub Lakomski (1 month ago)
+Graham Stephan can i ask you why people dont just go through the real estate course in their state themselves and skip hiring one to save the money? I am in process of buying a property and my cost is $750 for the lawyer.. Why use middle men?
Graham Stephan (1 month ago)
Doing leases!
Platnom Shows (1 month ago)
Aye I'm 20 and hot my own house too
Graham Stephan (1 month ago)
Nice!!!
Vadim E (1 month ago)
Hey Graham. Thanks a bunch for the valuable videos. So let's say i have the 20% down payment and even 30% but i have low income. Like 20k per year. I dont have enough to cover the payments fully, maybe 80%, but i have family who can contribute. I probably won't be able to get a mortgage In this case right? Any advice on my unique situation will be greatly appreciated.
Vadim E (1 month ago)
+Graham Stephan does that mean that they will be part owners? If so what would i need to do to have it fully in my name if i wanted?
Graham Stephan (1 month ago)
Correct unless they co sign on the loan!
KeilaniDa Koala (1 month ago)
Sanberdo!
Graham Stephan (1 month ago)
🙌🏼
CaliBoy Rumbles (1 month ago)
Was there a reason why u wanted houses newer than 1978? Anything older than that have lead base paint?
Graham Stephan (1 month ago)
Lead based paint is a very very small consideration. But i wanted newer than that because i knew that newer buildings would have slightly less problems.
ABC AUTOTUBE (1 month ago)
Why was your first tendant your first mistake for renting the property to?
ABC AUTOTUBE (1 month ago)
+Graham Stephan that is crazy! Hey i would be a good tendant if you ever have a place in san gabriel area. My family and me are looking for a place in san gabriel area. We like this area. If we find a better place we will move. This place were we live is small and the manager and owner dont really care to invest in things in this place for us to live better. But we dont complain. We have put money ourselfs to keep this place clean which we shouldnt but we do.
ABC AUTOTUBE (1 month ago)
+Graham Stephan later today i ll check it out the video. When i get home.
Graham Stephan (1 month ago)
https://www.youtube.com/watch?v=SloJvOLRkhI&t=336s
Ryan McGregor (1 month ago)
Each and every one of your videos provide such great value. I worked a summer job in 2017 and got a long term job I’m May of 2018 and worked that seasonal job on top of it. Honestly, I feel like my mindset is somewhat similar to what yours was, it almost hurts whenever I spend so I save almost everything I make. Just turned 18 last week and opened a brokerage account and invested some money into the stock market. Also applied and got my first credit card to help build my credit. I’m super interested in real estate investing and I am planning on working towards getting my real estate license early next year. Really appreciate all of your vids!
Graham Stephan (1 month ago)
That's awesome!! Thanks so much!
Nathan Johnson (1 month ago)
When you have a plan and start seeing your money work for you, then you can’t wait to put more money into the plan. Graham, your story is inspiring. Thanks for sharing your insights so that others can get that same excitement. Oh, and: Always keep some dry powder for the next battle.
Graham Stephan (1 month ago)
Thanks!!
Johan Serrano (1 month ago)
Colombiaaaaaaaa
Graham Stephan (1 month ago)
😉
RealLife Money (1 month ago)
That’s an awesome story Graham. I want to get into real estate soon as well since I have the same mindset as you and saved a lot as I worked thru college and after graduating. With interest rates increasing it could be a good time as well 😀
Graham Stephan (1 month ago)
Thanks for watching!
Tanya Gordon (1 month ago)
Things changed a lot from 2011, now rent2own homes are the best way to buy home, especially if you buy them from some cheap place like renttoownlistingz.pw
Rissing Motivation (2 months ago)
Can i Partner with you?
Erick Hernandez (2 months ago)
I grew up in Fontana, San Bernardino is a really rough area and your tenants are typically not the best in my opinion. I love your channel and advice and you have inspired me to look into the real estate market.
Graham Stephan (2 months ago)
thanks so much!!
hector4072 (2 months ago)
Congrats dude. Im 19 years old and I just bought my first investment property.
hector4072 (2 months ago)
How is it that you got your Real estate license? Im looking to get one for myself.
Graham Stephan (2 months ago)
Well done!!
Hina Bloch (2 months ago)
216 dislikes are from Warren buffet or mark Zuckerberg
Graham Stephan (2 months ago)
😂
Chef Frank (2 months ago)
San berghetto lol was that house on g or e st? Or baseline?
Terrence Troope (2 months ago)
Make sure you return the favor to your future kidos 😉. Living with parents for 3 to 4 years WHILE working as a adult is the easiest way to become wealthy and buy property. ..unfortunately mass majority of Americans will never be able to live with parents while making good money.
Graham Stephan (2 months ago)
I totally agree...but that helps out tremendously, I absolutely expect to pass that on!
Akiem Small (2 months ago)
You actually brought that house in cash of $59k in cash 😕. I’m 22 and don’t even save 10k as yet but working on it.
Graham Stephan (2 months ago)
We all start somewhere :) 22 is still super young!
Ramblin' Man (2 months ago)
Another very helpful and informative video, thank you
Graham Stephan (2 months ago)
thanks for watching!
MTB Reborn (2 months ago)
I don’t think most 19 year old kids can make 100k especially when most people in the US make under 100k
Graham Stephan (2 months ago)
Depends on the location and industry. I know a handful of <20 year olds doing well over $100k/year
zeomarmob (2 months ago)
You need to budget for a better microphone...
zeomarmob (2 months ago)
Graham Stephan you probably covered the microphone with your finger.. or needs some port cleaning.
Graham Stephan (2 months ago)
This was with my iPhone!
Michael Evans (2 months ago)
It’s sad that more people don’t take advantage of the opportunities in this country. Myself being a first generation Jamaican American saw the opportunities and read books and asked questions of people that were already landlords. All I did was work and save, bought everything with credit cards and pay it off immediately to build up my credit score. So today I have over $700 k in properties and net $3000per month and have a good chunk of capital in the credit union waiting for the next opportunity. I love what I do. Hard work pays off
Graham Stephan (2 months ago)
That's awesome!! Well done man!
Edgar Arenas (2 months ago)
Summary: $1200 mo for $72000 invested is 20%. That’s kickass🤩. For 2018 in SB rent is $1650 with $235k invested @ 8.43%😭 Timing is everything🌈
Enki (2 months ago)
how were you a real estate agent at 18? How did you pass your exam? What broker or company hired you ?
Jorge Falcon Jr (2 months ago)
Man I’m just trying to get a home loan for a duplex or house with a basement and rent that...
M.Verdoux (2 months ago)
How to you become real estate agent at 18 were I come from you need to got to college and when you get your degree you re 21 this doesn't add up to me
M.Verdoux (2 months ago)
You need money to make money plain and simple there's no other way
M.Verdoux (2 months ago)
How do you do that in a less strong economy and taxes that are absurd
k.d (2 months ago)
100k per year maaaaaan i cant get 1000 money per year saved :D
Graham Stephan (2 months ago)
Yeah man, I've been pretty fortunate to get started in a really, really expensive area for real estate!
Ayee DonOnTv (3 months ago)
Thinking about going to school for real estate but then again idk
Ayee DonOnTv (3 months ago)
Graham Stephan I didn’t know I could. Appreciate it
Graham Stephan (3 months ago)
Just take the classes online!
Nathan Socia (3 months ago)
It always amazes me how different money is from place to place, were I live 30k is considered living easy.
Nathan Socia (3 months ago)
But I can also buy a house for 14k and only have to put in 5k sometimes less becuse I do my own work.
Graham Stephan (3 months ago)
I wish it was here in LA :(
Allison Saggio (3 months ago)
Does anybody know if a 18 year old can rent a business property??
Andres Aguirre (3 months ago)
Hey Graham. First, I want to thank you for creating videos like this one. My main interest about your channel is in real estate videos, and believe me, I've watched tons of them and yours are my favorite for you are very informative, honest, clear and to the point. You are very successful in real estate, so I thought I could reach out to you. You are also a real state agent, you studied hard, got your license, etc. I do want to get myself into the real estate business but I'm not interested on being a real estate agent like you. I'm currently pursuing an Aerospace engineering degree in college, and I'm actually very excited if I get to work in that industry, whether it's going to be a 9-5 or not, just thinking that I could be able to work on big companies like NASA, SpaceX, or Boeing gets me really hyped. But I also understand that it's very important to have another source of income (passive income) like real estate. I'm sure that without you having a real estate license or worked as a realtor the story would have been different in terms of the opportunities you catched, and the concepts you learned about the business. What I want to propose here is if you can considerate the idea of creating a video where you explain how regular people (not realtors who know a lot about it) can make a profit from real estate investing. Basically, it's the process of buying to selling. For example: When Buying--->how/where to find opportunities like the one you described on this video; can a regular person just buy a property, make some remodelling, and then just put it for sale few weeks/months later?. I don't know man, anything that comes from you about this topic will be very helpful. If the idea of a video is not an option for you, I'd really appreciate if at least I get some words from you to this email: [email protected] Keep it up!
Graham Stephan (3 months ago)
I wouldn’t recommend flipping!
Graham Stephan (3 months ago)
Check this one out! https://youtu.be/VXeaU0i54H0
Anonymous 1 (3 months ago)
14:41 did you just assume the dogs financial value!??
Graham Stephan (3 months ago)
HAHAHAHA
haider malik (3 months ago)
Thanks Great advice man! I am a beginner in Real Estate. Did you pay $60K in cash or Did you use down payment method?. Could you tell me which is the better method?
Graham Stephan (3 months ago)
That was paid cash! Ideally I should’ve gotten a loan for it but I didn’t have the credit.
Flavio Garay (3 months ago)
Just subscribed man . My co worker has 3 restaurant jobs and makes 5000 a month and has no life . He already has one house out in Chicago and he lives in California. Trying to gather as much advice from you and him!
Graham Stephan (3 months ago)
🙌🏼
Anttjuan Reid (4 months ago)
I thought I saw in one of your other videos that it's better to leverage than to use your own money outright for an investment property. Or maybe I misunderstood the other vid?
Graham Stephan (4 months ago)
You’re totally right. But back then I didn’t have the credit to get a loan for a property so I had no other choice.
justin branch (4 months ago)
helps when youre parents pay for your cost of living.............. its hard when you have 35k of bills a year and only make 40k at 21.
Graham Stephan (4 months ago)
Agreed. I definitely have a big benefit by being able to live with my dad.
Derek McDonald (4 months ago)
So to summarize, you worked and saved your money?
Graham Stephan (4 months ago)
Yes
Kendrick Jones (4 months ago)
What salary do you think one should have to start investing in rental property?
Kendrick Jones (4 months ago)
Okay, I just wanted to know a set salary before I started
Graham Stephan (4 months ago)
Totally depends on the price point of the property and how little your expenses are. There isn’t a set salary.
MackSauce (4 months ago)
I'm 20 & going to school for Businesses Adminstration. I just have to wait until I turn 21, so I can cross state lines with a CDL. I have enough money saved to buy a used truck, so anyways I know people that are owner operators, making over 5k a week after fuel n etc. My plan is to save every single check and live off 100 a week for food. Then save save save. Nice video!
Graham Stephan (4 months ago)
🙌🏼
Abe Estacio (4 months ago)
Hi Graham! I want to get your opinion on Velocity Banking. Do you use this system?
Graham Stephan (4 months ago)
Never heard of it!
MisterZ3r0 (4 months ago)
This guy is everything that made America great. Every biography of an industrialist around the turn of the 20th century pretty much states that the attributes these men had and this guy is currently living. When Donald Trump talks about making America great again, notice that he never mentions what each individual would have to do in order to achieve that: be frugal, work hard, not drink, not waste money on garbage, work in silence and humbly, gain education through effort and reading, not pursue mindless bullshit, etc.
Graham Stephan (4 months ago)
Thanks so much for the kind words, I totally agree!
Casa Esperanza (4 months ago)
We're watching Graham's videos for a few days now. His story is inspiring!
Graham Stephan (4 months ago)
🙌🏼
Bella Bean (4 months ago)
Mooch
Graham Stephan (4 months ago)
Ok
Jet Edge (4 months ago)
Very informative sir, I've been thinking about buying a property to fix up and rent out, this has some good information to help out.
pladampa3 (4 months ago)
Great to see someone that's geniune and was smart about making his money. It's a shame people like ricegum and fazebanks made money exploiting 12 year olds and spending like there is no tomorrow.
K D (4 months ago)
the hermit life comment is so real. Five friends, work work save save. If i have an unexpected expense, i work to cover that expense so I'm never spending too much. That boss life takes work.
hi (4 months ago)
It's free real estate
Rahul Lingala (4 months ago)
Great video with a great attitude. Learnt something in these twenty minutes and subscribed to your channel. I have a small request for you. Do you mind speaking a bit slow i.e. giving more space between words? Well, you have audience from all over the world ;)
Graham Stephan (4 months ago)
Thanks so much for watching man!! Appreciate the kind words!
Blue Ant (4 months ago)
Thanks!
Graham Stephan (4 months ago)
You got it!
jabesm9 (5 months ago)
When you are good you deserve to get lucky
Graham Stephan (5 months ago)
🙌🏼
Metal-Spark (5 months ago)
How I bought my first rental property at 21 years old: > Had a job that paid 100k a year Oh.
Graham Stephan (5 months ago)
😬
Remi W (5 months ago)
Hi Graham, I have a question about how you rent a house with 4 beds and 2 baths, would u recommend to rent rooms separately or as a whole? Any tips will be very appreciated :)
Remi W (5 months ago)
Graham Stephan 👌 thanks
Graham Stephan (5 months ago)
Whole house! Much easier to manage.
TASMIN BELL (5 months ago)
Great Videos with Great KNOWLEDGE :)
Graham Stephan (5 months ago)
🙌🏼
Dustin Burr (5 months ago)
At twenty one I was basically making nothing.. just a few grand a month.... Not withstanding the fact that minimum wage hardly makes one thousand a month. Period. But ya know, not understanding the value of a dollar and all...
Carlos Ortega (5 months ago)
Mentor me!
Graham Stephan (5 months ago)
:)
amimellaman jose (5 months ago)
If I lease a house from someone with the option to buy it, can I lease it to someone else for more money and give them the option to buy the house at a higher price?
amimellaman jose (4 months ago)
Graham Stephan thank you
Graham Stephan (5 months ago)
You could potentially could depending on the verbiage of the lease.
KNOWLEDGE IZ Power (5 months ago)
I really wish you could just get to the point bro! #RAMBLING. 😱🔫
KNOWLEDGE IZ Power (5 months ago)
The information in your videos are good bro but it takes you too long to get to the meat of it. #NODISRESPECT ✌
Graham Stephan (5 months ago)
😬
Angie luvsnature (5 months ago)
New subbie from Ghana...great info and very much inspired...planning on venturing into real estate and will love to get more advice from you...is that possible??
Angie luvsnature (5 months ago)
okay then...will do well to check all of them out....cheers
Graham Stephan (5 months ago)
Thanks so much! I don't really do much 1-on-1 but I have a ton of videos on here with pretty much everything you'd need to know!
Daniel _ (5 months ago)
Man, even without the property 100k a year at that age is amazing. How'd you manage that?
Graham Stephan (5 months ago)
Working as a Realtor in LA. High home prices meant i only needed to sell 2-3 homes to make the $100k.
forrest putnam (5 months ago)
You have to be a license broker in my state anyone can be a sales person 😂
Oli Merida (5 months ago)
Lmao . 3 bedroom houses in the neighborhood where i live were selling for $12-14k a few years ago , I wish I even had tht type of money cus I would buy one to rent out ASAP
Graham Stephan (5 months ago)
That’s cheap!! Wow!
Thealmost Bestgamers (5 months ago)
Are you in your house or a house you're selling? cuz it looks super clean and set up.
Hoan Tran (5 months ago)
great story .!! enjoyed it all.!
Graham Stephan (5 months ago)
Thanks!!
Tim Kang (5 months ago)
When you found all the mess by the hoarder of the place, you ended up "asking the bank for a few thousand dollors worth credit for certain things... the bank gave you 500 dollar credit on top of your offer price" what does this mean? Thanks man.
Graham Stephan (5 months ago)
The bank just reduced $500 off the price!
Christian Lamb (5 months ago)
I’m currently 19 and taking my Real Estate exam on August 9th (currently the 2nd). I just turned 19 a month ago and I have the same mentality as you... except I have a girlfriend :( I find it extremely difficult to save with her Nickel and diming me. I’ve sat her down and had a talk with her but she simply doesn’t see with her young brain (17yrs old) that nickel and diming does add up.. I hope we can over come this and hopefully showing her this video will help. Great content, Thanks
Christian Lamb (5 months ago)
Graham Stephan Definately, it’s hard when she sees her friends getting nice stuff from their boyfriends but with time she’ll see how it pays off 😜
Graham Stephan (5 months ago)
Financial compatibility is extremely important!
Jenny Moreira (5 months ago)
Answered all my questions and more thank you! I’ll be sure to subscribe and follow you on social media.
Jenny Moreira (5 months ago)
Answered all my questions and more thank you! I’ll be sure to subscribe and follow you on social media.
Jenny Moreira (5 months ago)
Answered all my questions and more thank you! I’ll be sure to subscribe and follow you on social media.
Graham Stephan (5 months ago)
Thanks!!!
Gear Heads (5 months ago)
Lucky you took action when you saw a great opportunity. I wish I had done the same before mortgage rules changed in Canada. Now its 3 times as hard to buy my first home... always act on opportunity, dont wait!
Graham Stephan (5 months ago)
I totally agree!
Burner Fire (5 months ago)
I know right? Saving is fun and addictive!
Graham Stephan (5 months ago)
IT IS!
flexdaddy 360 (5 months ago)
Did you have a mentor? Or were you just going off of pure knowledge?
Derrick Fox (5 months ago)
I'm confused. Did you get a degree? If yes, then how did you manage to work as a full-time real estate agent and be a student at the same time? If no, then are you advocating not getting a college degree? I'm not too sure this video applies to the average person. The average person gets a college degree and because of that has massive debt. Furthermore, if they are attending an undergraduate program, those classes are held during the day. So if you are also a full time real estate agent and your classes are held during the day then how do you have time to show houses to potential buyers? Also, did you parents let you live at home past the age of 18? If so, did they charge you rent? I feel like perhaps you are giving the impression that it is all a bit easier than it would be for a person in the average situation.
Graham Stephan (5 months ago)
No degree. Just straight into real estate. Was 18-21 living with my dad, no rent but I paid for everything else I needed other than housing. But in the beginning I worked probably 10-13 hours each day doing anything I could to learn.
Juila Hart (5 months ago)
Sam Dyson Huddersfield You inspires us. This video is so helpful, full of ideas and inputs. Thank you! Watch more here: https://www.youtube.com/watch?v=ApFFAVRJGB4 #SamDysonHuddersfield
Christian Fischer (5 months ago)
DUDE! 30K is pretty damn sweet for a teenager.
Graham Stephan (5 months ago)
Yeah!! Honestly anything at that age is incredible!
skyeric875 (5 months ago)
Try vacation rentals in shore towns. At 21, my 600k home is getting me about 70-90k a year on top of being a full time student for the past 2 years. No I didnt buy the home...it was my parents inheritance so the only way I can afford to keep the home was to rent it out. Id give it all up to have em back
Graham Stephan (5 months ago)
:(
BootzDaMan11 (5 months ago)
1:20 so you went from 30k at 18 to over 100k at 20 as a real estate agent? Am i missing something?? ?
BootzDaMan11 (5 months ago)
Thats crazy dude
Graham Stephan (5 months ago)
Not missing anything. LA property values are extremely high, only takes selling 2-3 high end homes to do $100k.
Bob Is The Builder (5 months ago)
What’s your opinion on buying now July 2018. Here in western New York it’s a sellers market sellers are listing at record highs. Im in no hurry to buy; do you think that house values will continue to go up? Do you think values are approaching the top of the curve? Do you see another buyers market the horizon? How soon do you think?
Bob Is The Builder (5 months ago)
Graham Stephan That’s what I’ve been thinking. Property has been selling for record highs Also allot of the inventory is over priced REO property. My gut is saying wait until fall November to April. People hate home shopping and moving when there is 12 inches of snow on the ground. Besides that is when the tax bills start showing up in mailboxes. State and county average is 7.6% of tax assessment value. That’s in addition to village and local property taxes.
Graham Stephan (5 months ago)
New York is actually one of the few markets where average prices have been going down. Personally I think people overbuilt and developed a little ahead of the market causing inventory to increase...and nothing there cash flows, either. Personally i wouldn't do it, but long term over 20+ years I think you'd still come out ahead.
Achaeos Salisbury (5 months ago)
Life happened. I'm starting over at 43. Now what. I would like to get rentals but I am Butt-Ass broke, living paycheck to paycheck drowning in debt. My score is 717 with 54% Utilization. I do have a lot with lake view. How do I get from here to landlord?
Graham Stephan (5 months ago)
I'd say just patience and saving...at that point it's really just about increasing your income and increasing your savings, enough to eventually buy something. I know it sounds like a simplified answer but that's the reality.
hahahahaha4565 (5 months ago)
You still a virgin ?
Graham Stephan (5 months ago)
🤦🏻‍♂️

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