How People Get Rich With Real Estate 🏠 #Best Education Page #Online Earning

so I'm sure we all have that close

friend of ours or that uncle that got

rich by investing in real estate but the

question I'm looking to answer today is

how people actually get rich by

investing in real estate now I

personally have not invested in any real

estate yet it is something I plan on

doing in the future so I wanted to

invite an expert on to this channel

somebody who has actually been

successful investing in real estate so

I'm inviting Graham Stefan on here he's

gonna talk about how he became a

millionaire by the age of 26

simply by investing in real estate and

following this one simple strategy so

I'm gonna go ahead and pass this video

over to Graham what's up Brian thank you

so much for the introduction and for

everybody watching who's not already

subscribed to Ryan just do it so anyway

let's talk about ma
king money in real

estate and why this is my favorite way

of building wealth above anything else

for those who have not heard of me my

name is Graham Stefan and I started

working in real estate in 2008 as a real

estate agent I saved up all of my

commissions and in 2011-2012

I began investing in real estate as well

and then from a combination of working

as a real estate agent and also

investing my money in real estate I

became a millionaire by the time I

turned 26 years old now the reason I

started investing in real estate in the

first place was because they really

wanted passive income now working as a

real estate agent was something I really

enjoyed and absolutely loved doing but

it was Commission only and the income I

made was rather sporadic there were some

months where I could make an insane

amount of money and then other months I

could make nothing for months on end and

honestly having income be that

inconsistent was just incredibly

stressful it also relied on me

constantly working finding new clients

and closing deals to make money so if I

went out of town or I was not working I

was basically not making money and it

was because of this inconsistent income

that prompted me to really want to make

money regardless of what I was doing day

to day I really wanted something that

made money while I slept where I can

wake up and know that I am X amount

wealthier that day or I could go on

vacation and think that while I'm on

vacation I'm still making money

regardless of what I'm doing or how much

time I'm spending in something

because I was in real estate I felt like

it was the best choice for me to then

invest in real estate because that was

my area of expertise and I bought my

first property it was for $60,000 I

spent $12,000 fixing it up and my net

income after all of my expenses on that

home was thirty dollars of profit every

single day and the way that I saw that

was that that $30 a day pays my phone

bill my car insurance gas from my car

food and other miscellaneous expenses

for my entire month every single month

and it was so good that I bought another

property and then I bought another

property and then I bought another

property and then I bought another

property and I kept repeating that same

process over and over again I found a

property that needed some work I go in I

fix it up and then I rent it out and

then I move on and I do that again and

now at this point I'm 28 years old I'm

10 years into the business and the

income that I get from all my rental

properties pays for all of my expenses

all of my living expenses food car

insurance is like basically all the

money I spend is replenished every

single month by the rent checks that I

have coming in this allows me to do

whatever I want whenever I want to do it

and then everything else that I make

from working as a real estate agent

which I still do full-time and YouTube

and everything else that I do is just

pure profit that I could then go and

reinvest into buying more real estate

and when you get to this point it's

really just like a snowball that tends

to get bigger and bigger and bigger but

in this case it's rental income just

becomes more more more MORE and that

leads to even more and it's just this

upward spiral of being able to make more

money because you have more money and

all of this was really due to just being

frugal investing my money as much as I

could when I was young and also just

buying real estate and the best part

about all of this is that with real

estate you don't have to just use your

own money you can leverage other

people's money such as the bank to

finance the deal you also end up getting

some pretty incredible tax advantages of

investing in real estate to the point

where I really don't pay

income tax on the rental income I

receive make sure to talk to your

accountant about that

and also by doing this in addition to

having rental income come in every

single month you're also paying down the

loan on that property so that in fifteen

to thirty years chances are you will own

a completely paid off property so even

right now assuming you just break even

on the property this means that in

thirty years from now you will just own

the property outright and everything you

make from that point on will be one

hundred percent profit or you could just

sell the home with all the equity or for

whatever it's worth and just cash out

and also by investing your money and

hopefully you have some extra cash flow

coming in every single month this just

speeds up the process to then go and buy

the next one which speeds up the process

then go and buy the next one and so on

for instance it took me about four years

of saving from 2008 to about 2012 to be

able to buy my first properties after

that it took me three years to save up

enough money to buy the next one after

that it took me just one year to save up

enough money to buy the next one and at

this point I can pretty much save up a

new downpayment every eight to ten

months and to me this is also the

perfect retirement strategy buy a few

properties now pay them off over 30

years and by the time you're ready to

retire you will have all of this real

estate owned free and clear it will be

100% profit that you can then go and

just decide at that point that is your

retirement money now the strategy that I

use when it comes to investing in real

estate is also known as the Bur method

of real estate investing so number one

buy obviously you buy the property I

shouldn't have to explain that one but

it's really important to have the

patience to wait for the deal that

actually makes money I would say out of

everything I look at probably 99 out of

100 just don't make sense there's not

enough equity in the deal it's not

making enough money or in most cases it

doesn't make any money so it's going to

be up to you to learn how to evaluate

these deals to make sure they actually

make sense to buy and if you don't fully

understand the deal and feel confident

in it walk away never buy something that

you're either unsure of or you don't

really know

the ins and outs of the property it's

really important to understand what your

mortgage payment is going to be what

your property taxes are going to be what

insurance is going to be like what the

vacancy rates are and what sort of

repairs you're gonna need to do all of

these are gonna eat into your profit and

also in a perfect world you will find a

property that you can buy under market

value much like buying an undervalued

stock yes you can absolutely buy an

undervalued property it just takes time

in patience so number two the our and

that is to renovate the property now in

my opinion the best homes to get and

also the homes that you will make the

most money with are usually the ones

that you will have to fix up and more so

than anything minor cosmetic renovations

often have the highest ROI of any money

that you spend for instance maybe you

spend $20,000 on a property but that

gives you back a $50,000 value in terms

of equity because you're adding on to

the property and now it's worth more

than what you put in it and this

renovation part is absolutely critical

that you evaluate the deal to figure out

what you need to do to get the property

to be worth more money than what you

invest in it and also by renovating the

property you're adding instant equity

which is essential if you want to

refinance to pull your money out of the

deal so now we're on the next are and

that is you rent the property now I

personally go for long term tenants and

I really believe that long term tenants

are the best most stable way of earning

a consistent income when it comes to

investing in real estate just make sure

you screen your tenants very very well

and don't be in a position where you

just take the first person that comes by

this was a mistake that I made that

ended up just it was a nightmare and had

to evict a tenant they trashed the

property do not do this take your time

screen your tenants properly and don't

sign a lease until you found a tenant

who meets the criteria that you've set

so the next star after that is then to

refinance the property so if you've done

this correctly and you've bought a home

that's under market value and then you

fixed it up adding more equity to the

property chances are it's worth now more

than what you've paid for it

so in this case after about six months

you can take out a new

hire loan on the property that then pays

off your first original lower loan we'll

take my last place for an example I

bought a duplex for $600,000 I put 150

thousand dollars of my own money down

and I financed four hundred and fifty

thousand dollars with a bank I then

spent about eighty thousand dollars of

my own money fixing up this property so

my total investment in this is the six

hundred thousand dollar purchase price

of which I put a hundred and fifty

thousand dollars down plus the 80

thousand dollars I spent fixing it up so

the total value that I put in six

hundred and eighty thousand dollars of

which two hundred and eighty thousand

dollars was coming from my own money but

when I was finished with all of this the

property was then worth eight hundred

and fifty thousand dollars so now that I

have a property worth eight hundred and

fifty thousand dollars this means that I

can refinance that deal and pull out 80

percent of that which works out to be

six hundred and eighty thousand dollars

this pays off my loan of four hundred

and fifty thousand dollars and gives me

back my two hundred and thirty thousand

dollars that I had invested myself in

the property now I basically have a

place that I got for free and I have my

money back that I can then go and invest

in another property and then the last

step of this the last are is really just

to repeat the process and do the same

thing over again

now this burn method of real estate

investing is exactly what I've done to

get started when investing in real

estate and I owe everything so far to

this method I really believe that just

buying rental properties and keeping

them a long-term I don't like flipping I

don't like wholesaling I just like

buying something that produces cash flow

every single month keeping it and then

moving on to buying more of them this

way it's extremely stable you don't have

to worry about if the market goes down

or if the market goes up you don't

really care what the home's value is

beyond refinancing it in the short term

you really just care that it makes money

every single month and that is exactly

how you can get rich while owning and

investing in real estate now this is

something that does not happen overnight

keep in mind I am 10 years into this

this is something I believe you can

build up over a decade

it's not something you can easily do

over a year or two or maybe even three

or four years this is probably 7 to 10

years worth of work but this is work

that will pay off tremendously in the

future this is work you set up once you

get it right once and it produces cash

flow for basically the rest of your life

so with that said thank you guys for

watching if you want to check out my

channel the link is in the description

and I will give this video back to Ryan

all right guys it's gonna wrap up this

video I hope you guys enjoyed it if

you'd like to see more collaborations

like this on my channel drop me a

comment down below and let me know and

of course do not forget to subscribe to

Graham Stephan's channel and thank him

for putting this video together but

thank you guys so much for watching and

I hope you have a great rest of your day

if you are interested in learning more

about investing in the stock market I've

created a free course just for you the

link is in the description below here

are a few other videos you might enjoy

as well

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