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How I Bought This House For $0

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How I Bought This House For $0

I’m proud to say that this property…was free. It cost me $0. I was able to buy an income generating property…in Los Angeles…for nothing. Here’s how - enjoy! Add me on Instagram: GPStephan

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24 months ago, I began looking for an income property around the mid-city area of Los Angeles. I liked this area in particular because it was close to nearby transit, surrounded by several large new developments, it was only a 15 minute drive away from the beach…and most importantly, it was one of the few areas in Los Angeles where property prices were still selling under $1 million dollars.

After 6 months of searching, writing offers, getting out bid, and otherwise not finding a single opportunity - the perfect spot came up. And the price? Listed for…$585,000.

So I made them an immediate offer: I’ll pay full price, guaranteed to close…under the condition, that the owner accepts it immediately.

I bought it for $585,000…I put $150,000 as a down payment, and I got a loan for $438,000 to cover the rest.

Then, I spent another 2 months, and roughly $80,000 fixing it up. This meant, when I was finished, I had invested a total of 2 months worth of time, and $230,000 into a property.

So I went to the bank, and I told them I wanted to do what’s called a REFINANCE. This is when the bank will give you a new loan on the property, based on the CURRENT value of what it’s worth - NOT what you paid for it.

And the market value was very favorable to me…an appraiser determined the market value of my property, for a remodeled 1920’s Spanish duplex, was now $780,000, just shortly after I bought it.

So given the new value, the bank is able to give me a mortgage of up to $585,000, and give me back $145,000 in cash.

My current mortgage is $438,000
The bank’s NEW loan is $585,000
The new loan pays off the old one, and that leaves us with $145,000 left over after paying some transaction fees.

That was in 2017. NOW…I can do it again. I went from bank, to bank, to bank…to get a quote on a new mortgage. I was able to get at 3.75% fixed rate mortgage for 30 years, on a cash out refinance. The bank appraised it for $965,000. And given the new $965,000 value, I was allowed a $675,000 mortgage - leaving 30% worth of equity still in the property.

That meant…after all was said and done…not only do I have $290,000 worth of equity in the property…but I now SAVE an extra $200 per month on my mortgage interest payments, and I got back ALL of the $230,000 I invested, leaving a total out of pocket cost, to buy this property, of $0

Like I said, the first refinance got me back $145,000…and the second got me back $85,000. That was everything I had invested in this property…and it’s basically free real estate.

In real estate, your ideal situation is that you can control 100% of an income-generating asset…by having as LITTLE of your own money invested in it, as well. This gives you the opportunity to INVEST your money in other, higher generating opportunities - than keeping your money tied up in an asset where it isn’t actively working for you.

This is the name of the game in real estate…it’s to find a good deal, put your money in, make it work for you, refinance your money back out, keep the property…then go and use that money to do it again. And it’s by doing that, over and over and over again, that you can soon build up an empire of real estate, for free, by just…smashing the like button.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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Buying A $0 House: My Real Estate Investing Strategy

Here’s EXACTLY how I invest in real estate, as well as every detail about what I look for when picking the right rental property - enjoy! Add me on Instagram: GPStephan

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I practice the “buy and hold” investing strategy. I do not ever flip real estate, I never wholesale real estate, I never invest for the short term. So given that my intention is SPECIFICALLY as a buy and hold investor, what I do is known as the BRRRR method:
Buy, Renovate, Rent, Refinance, Repeat.

Buy:
I buy properties in high demand, up-and-coming areas. I also always look at properties JUST below the average price for the area

My specialty, if I have a specialty, is 2-4 unit buildings. Those are my favorite. WITHIN those 2-4 units, I always try to find a building where each unit is around 2-3 bedrooms, and 2 bathrooms. This is the sweet spot for rentals.

I also try to find places that need MINOR cosmetic renovation. This means that the structure and internals of the house are fine…but it just looks old and dated. To me, this really gives you the best bang for the buck in terms of ROI and adding value to the property.

What makes my strategy a little more unique is that I move in to one of the units, then rent out the others.
The other rented units should cover all of your expenses, and then you live there FOR FREE. The reason I do this is because it allows me to buy a 2-4 unit property under owner-occupied financing, meaning I get a lower interest rate, less money down, and much better loan terms on the building.

So anyway, lets then talk briefly about the next part of my strategy: Buying under market value.
There’s a saying in real estate that goes something like this: you make your money when you buy, not when you sell. This is EXTREMELY TRUE. Buying something under market value like this really just takes patience…good deals don’t come up every day, you’re going to miss out on so many of them until you finally get the right one.

In terms of renovating…I leave it all up to a contractor.
I don’t ever touch a hammer, or attempt to do any of the work myself. I just don’t know how to do any of that. So instead, I’ll find a contractor through either word of mouth, or finding someone highly rated on YELP.

And NOW…You rent it out!
Like I mentioned, the rents should ideally cover all of your expenses.
How to rent a property:
How to calculate cashflow:

Now, after about 6-12 months or so - depending on your bank - you can do what’s called a refinance.
Given that you bought the property under market value, and you hopefully fixed it up to increase the value even further, you’re hopefully sitting on a good amount of equity in the property. If the numbers make sense, and interest rates are low enough like they are right now, you can do what’s called a “cash out refinance” on a property.

And then, obviously, the last step is just - REPEAT THIS PROCESS AGAIN.
If the market goes up as you’re doing this, amazing - that means your properties are going up in value, too.
If the market goes DOWN as you’re doing this, amazing - now you get to buy cheaper properties in the future.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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How He Bought A $1 Million Dollar Property For $0

In this video, I am joined by my friend Vitaliy from Succeed REI to discuss his latest investment property. By using the OMP or other people's money strategy, he was able to purchase a rental property worth $1,000,000 with $0 out of his own pocket.

Vitaliy's Channel 👉
Succeed REI Website 👉

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DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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The Truth: How To Buy Real Estate With No Money and No Credit

Ever wondered how people buy real estate with no money and no credit? Here is the answer and the strategies people use to invest in real estate with OPM - enjoy! Add me on Snapchat/Instagram: GPStephan

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First way: Generally, when people say they’re “investing in real estate with no money and no credit,” they’re usually referring to wholesaling. The way wholesaling works is that you find a distressed seller willing to sell a property under market value. You, as the wholesaler, get that property under contract - and that contract is written to be assignable to someone else. You then go and find someone else to pay MORE for that property than you’re paying, you ASSIGN that contract to the new person at the HIGHER price, and you get paid the difference.

Second way: Seller Financing. This is when the SELLER “loans” you the property, and instead of paying a mortgage to the bank…your mortgage is directly with the seller. Typically this will only work, however, with owners who own the property outright, AND owners who don’t need the money and are cool just collecting their money every month. For the seller, this typically means they can get a higher rate of return than if they kept the house, it means they’re not responsible for handling repairs, and their return is backed by the house - so they can foreclose if you don’t keep your end of the bargain.

Third way: Bring on an investor or partner. This is something that you can typically do once you get more experienced in real estate…someone brings in the money to the deal, and you do all the work - you find the deal, you renovate it, you add the value, and you manage it for a percentage of ownership. The other person simply just passively invests and that’s that. However, doing this comes with a LOT of risk and you better know what you’re doing. Anytime you have someone else’s money at stake, you better treat it like your own - probably even be MORE careful than you would normally.

Fourth way: A lease option. Lease options work like this…lets say I own a property for $100,000 and you want to buy it, but don’t have the money. I’ll say “How about this. The market value of my house for RENT is $1000 per month. But if you want to buy it, pay me $1200 per month and you have the right to buy the property from me within the next 24 months for $110,000. Your base rent will be $1000, and that extra $200 you pay me every month will be appleid to the purchase price. So after 24 months of paying $200 extra, you will have paid down the purchase price by $4800, meaning the total cost of my property at that time will be $105,200. If you don’t buy it, that’s fine and I got an extra $200 per month. If you do, then that’s the purchase price.”

I’ve discussed 4 ways that you can buy real estate with no money and no credit. But, this isn’t something easy…there’s a reason why you don’t see people doing this all the time. It’s a LOT of work to find a good property in and of itself…combine that with finding a seller who’s amenable to the terms, combine that with them generally owning it outright and not needing to sell immediately, and finding a seller who will sell at the price you want to pay. It’s all doable, but by no means do I necessarily think it’s a good idea to chase after. Personally, I think your time and resources are best spent earning money, saving, living below your means, and waiting it out for the right property to come up - it’ll give you more options at your disposal. But for those who were curious and wanted to know…now you know.

For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent: 
Your money or your life: 
The Millionaire Real Estate Investor: 
How to Win Friends and Influence People: 
Think and grow rich: 
Awaken the giant within: 
The Book on Rental Property Investing: 
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How this $0 House Made me $100,000 in 1 Month

Here's how I bought this rental property for $0 out of pocket yet made $100,000 in one month. Oh, and I'll never pay taxes on it. Use holiday discount code Thx24 for 24% off the online courses & meet ups (San Fran 11-16-2019 is next!) EXPIRING 11-25-2019:

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❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Linked items may create a financial benefit for Meet Kevin®. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.

This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.

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#Investing #BeforeAndAfter #RealEstate

How I bought a house with $0 and sold it to TRAVEL!

How I bought a house with NO MONEY, made enough money to travel for months without working, and transformed my life to become my happiest self! My REAL LIFE SECRETS to SUCCESS in my twenties.

I Made Over My Friend's Bedroom For $0

The potential is there because the space is so good, I just need some help.

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How I bought 2 houses for $0

So I bought 2 properties worth RM550,000 each for free. It costed me $0. The properties were located 15 mins away from the heart of Kuala Lumpur Malaysia. Here's how I did it:

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EARNINGS DISCLAIMER:
This video is for educational purposes only. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. Your level of success in attaining the results claimed in this video will require hard-work, experience, and knowledge. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment. We have taken reasonable steps to ensure that the information on this video is accurate, but we cannot represent that the website(s) mentioned in this video are free from errors. You expressly agree not to rely upon any information contained in this video.

How To Buy a Home with $0 Down

Don’t waste money on a down payment! You can buy a home with no down payment. Yes, that is $0 down. There are numerous loan programs that can help. USDA Loan, FHA Loan, VA Loan, and several others. Remember to ask your mortgage lender about how to $0 down on your home.


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Owning a New Construction Home for $0.

Let’s talk about this model. In the mean time, Learn the psychology and mastery of a pro & use code: *Feb202020* for **28% OFF** any courses: INCLUDING Investing, Sales, Management, Finance, & Vegas Meetup 2-20-2020.
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❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.

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#Hot #Model #MeetKevin
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How I bought my first rental property at 21 years old

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:

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 :)

How I Bought This Stock For $0

Buying cash producing assets for FREE isn’t just limited to the real estate realm. This stock cost me $0. Yes you heard me, ZERO DOLLARS.

A fellow YouTube creator Graham Stephan recently released a video called “How I Bought This House For $0” where he explained the process of a wedge real estate deal. He purchased a run down property for significantly less than similar neighbouring properties, he further invested to renovate and fix up the property, and was able to get it reappraised for significantly more than he initially paid. Ultimately this allowed him to apply for a larger mortgage to pay off the old mortgage and recoup his initial investments.

In this video I demonstrate a similar process that could have been taken with an investment in Facebook Stock. Facebook is objectively one of the best companies you could be a part owner of, if of course price was not an issue. So I estimated the intrinsic value of facebook with a discounted cash flow calculator to be approximately $185-$335 per share.

This meant it could be purchased with a 50% margin of safety (discount) at between $93 and $168 per share, the average of which is $130 per share. During late 2018, Facebook stock hit $130 twice: in November and then again in December.

In the video’s example I assume we purchase 3 shares at $130 each for a total out of pocket cost of $390. Fast forward to May 2019, the stock hit a high of $195 per share. At this point we could sell 2 of our 3 shares at $195 each for a total of $390.

This means that after only 6 months, we have recouped our entire initial investment, and we are still a part-owner of one of the greatest cash generating businesses of all time.

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How To Invest With NO MONEY Down: Turn $0 Into Infinite Returns -Robert Kiyosaki (Millennial Money)

There are two different ways to get rich. One route is to utilize your own cash. The other path is to utilize Other People's Money, or as we call it at Rich Dad, OPM. One (utilizing your own cash) gives little to-humble returns, sets aside a long effort to work out, and requires some financial intelligence. The other (OPM) gives huge to-infinite returns, creates amazing velocity of cash, and requires a high financial intelligence.

Be diligent. Continue to increase your financial education. Work hard. And master the fundamentals of good debt and OPM, and you WILL become wealthy.

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How To Get A PERFECT Credit Score For $0

Here is EXACTLY how you can increase your credit score fast, and get a perfect 800+ score as easily as possible — for absolutely free. Enjoy! Add me on Instagram: GPStephan - Click Show More To See Ad Disclosure

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Here’s what makes up 100% of your score:

FIRST: ON TIME PAYMENT HISTORY - 35%
This one is VERY straight forward…DON’T MISS A CREDIT CARD PAYMENT AND DON’T PAY IT OFF LATE. EVER. In order to get a perfect credit score, you’ll need to pretty much NEVER miss a payment, ever - otherwise that could completely ruin everything.

SECOND: CREDIT UTILIZATION - 30%
In order to get yourself a PERFECT score, the credit bureaus want to see that you aren’t maxing out all of your credit cards, and that you’re keeping a relatively LOW balance compared to the overall credit you have available to you. One of the techniques I use to help with this, is just to have a LOT of available credit - all with really high credit limits.

THIRD: LENGTH OF CREDIT HISTORY - 15%
This just means - the longer you’ve had credit for, and the sooner you start - the BETTER. This is one of the reasons I recommend people begin building their credit score as early as they possibly can, even if it means going and getting a credit card THE DAY THEY TURN 18…this will help build the foundation of your entire credit history very early on.

Now, it is important to remind you that this is calculated as the AVERAGE length of your credit history…not the TOTAL length. So my recommendation is to, first, start building your credit as soon as you possible can - and keep those accounts open and in good standing for as long as possible. This will help you build up a solid fortress of longstanding credit history - so that when you DO apply for new lines of credit, it won’t reduce your average account age as much - and it’ll have less of an impact on your score.

FOURTH: TOTAL NUMBER OF CREDIT LINES - 10%
First, the more credit lines you have - the higher your credit limit - which lowers your overall utilization, and helps your score.

Second, by having MORE credit available to you, you’re able to show even MORE on-time payments - which, again, will help increase your score.

And third, having a mix of credit types - like an auto loan, a mortgage, and credit cards, shows lenders that you can appropriately handle multiple types of loans without defaulting on them.

FIFTH: NUMBER OF CREDIT INQUIRIES - 10%
Anytime you go and apply for credit, it’s reported to the credit bureaus and shows up on your report as a “hard inquiry.” This helps lenders keep track of how many times you’re going and asking for credit…and generally speaking, the more often you’re out there asking for credit, the riskier of a borrower you become.

In addition to that, if you ARE out there getting new credit cards - that also will LOWER your average credit length - which could further drop your score, as well.

Besides that:
I HIGHLY recommend you check your credit score every few weeks using a free service like CreditKarma or CreditSesame. Both are FANTASTIC resources that update your score every week - and even though they’re not going to be 100% accurate in terms of calculating what your score will be, they’re going to be fairly close and will give you a comprehensive overview of your entire report.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

Some of the card links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This content does not include all credit card companies, or all available credit card offers.

How I Bought My First House For No Money Down

I bought my first house, an investment property for $0 out of pocket. The house is a 3 bedroom single family house in a great side of town. I’ve always wanted to be a landlord and this was my very first purchase in the rental property market.

I teamed up with a family friend who had the capital to buy the house. My role was to find the deal, find the realtor, and consult on all the paperwork. And for that, I took 30% of the deal. My primary goal for this house wasn’t to make money, although the house is cashflow positive. The goal was to learn so I can then go out and find more deals to build my real estate portfolio.

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How To Buy A Home In 2019 (THE STEP BY STEP TUTORIAL)

Here is my Comprehensive, Step By Step guide on How To Buy A House in 2019 - enjoy! Add me on Instagram: GPStephan
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Number 1 - 1:45 How much do you need as a down payment for a primary residence?

Number 2 - 3:58 How to build your credit:



Number 3 - 5: 17 Pay off High interest Debt

Number 4 - 6:27 Get Pre Qualified by a Lender

Number 5 - 9:19 When is the BEST time to buy?

Number 5.5 - 11:23 Should you wait for the market to drop?

Number 6 - 13:30 Make a list of what you want

Number 7 - 14:40 Should you use a Realtor?

Number 8 - 17:31 How long does the process take?

Number 9 - 18:15 See EVERYTHING on the market

Number 10 - 19:16 Making an offer

Number 11 - 21:22 Doing your inspections

Number 12 - 25:37 Closing Costs:

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JUST BOUGHT MY 6TH PROPERTY - HOUSE TOUR!!

Just closed on my 6th property here in Los Angeles! Thanks for joining me for a quick home tour right after I picked up the keys - enjoy! Add me on Snapchat/Instagram: GPStephan

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For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

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The Millionaire Real Estate Agent: 
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How I got a Tesla for Free

This is my story about buying a Tesla Model 3 and what happened afterwards - enjoy! Add me on Instagram: GPStephan | Tesla Referral Link: Get 2000 Free Supercharging Miles:

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It all started 6 months ago when I placed an order for a Tesla Model 3. At the time, I wasn’t necessarily in the market for a new car…but after going on their website, analyzing the tax benefits, and running the numbers, I quickly came to the conclusion that the car was only going to cost me…out of pocket…$78 per month to own within the first year.

It was also at that time that I posted the video detailing the financial breakdown, tax deductions, and rebates which brought the car down to the $78 per month, along with my experience buying a Tesla online. And almost immediately…that video just took off.

Within the first 28 days of posting that video, it gathered over 3 million views…over 20 million minutes of watch time…and from that, $25,000 in revenue. And to my dismay…it didn’t stop there. In total…within the last 5 months…that one single video made about $50,000, enough to pay for the car in its entirety.

Now don’t get me wrong, that wasn’t intentional…I never expected that video to do so well, and never thought my channel would EVER generate so many views…most of that just happened by a stroke of luck and a gift from the almighty youtube algorithm Gods…but looking back, in hindsight, buying this Tesla was the single best purchase I have ever made.

And overall, I’m pleased to say, I absolutely LOVE the car.

Cosmetically, the car needed some improvement…like many of you said, the original aero-wheels weren’t doing the car any favors…so I swapped them out for light weight, flow forged Blaque Diamond Wheels. And instead of paying for the upgraded paint on Tesla’s website, I had my buddy at The Wrap District wrap the car in Satin Black with Gloss Black Trim.

To accentuate the car a little further, I went ahead and painted the calipers and emblems in Acid Green…so now the car looks

So overall, I’ve been incredibly happy owning the Tesla Model 3, and can quite literally say this car been the best car I have ever owned. Not only that, but by pure stroke of luck…this car ended up paying for itself within a few months…and bringing an entirely new audience to the channel.

So for that, I want to thank you - I’ll continue to share every step of this youtube journey, answer the important questions everyone wants to know…like how much I made from that video…and I’ll continue to ask everyone to smash the like button for the youtube algorithm.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

How I buy laundromats for $0 (Full Process Explained)

A lot of people don't understand that you can actually purchase a laundromat with 0 of your own money. And it's not just laundromats real estate businesses anything can be bought just based on your knowledge base hopefully in this video I do a good job of breaking it down how I get these kinds of Investments done.

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Hopefully this video isn't too rough. I edited it on my phone and insta-uploaded it to Youtube. The financial breakdown is as follows :

Mortgage (To seller) $537
Investor payment $300
Taxes $120
Insurance $300

Total - $1257 per month to run the laundromat (Less utilities).

My income from JUST the apartments above the laundromat runs $1,200 (Not $1,100 as state in the video).

So, having said this, the laundromat needs to make $57 per month net to be netural, anything over this essentially is money in my pocket. Many of my investments run like this, and I can do them all day long.

Hopefully this de-mystifies a little bit about what I (Or anyone really) can do in order to obtain investments. The end-goal as stated in the video is to cash the property out via SBA financing at around 4% once the business valuation reaches about $250k , this being after new equipment is installed. It should cashflow extremely well, putting NET in my pocket of about $5k/month if my math is right, after all expenses and the gradual income increases.

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How to Get Rich Buying Homes in College: $0 to $1,000,000

Here's how to control $1,000,000 worth of real estate by the time you graduate college. These steps are designed to help you overcome the fear of starting in real estate with cash flowing rental property and being able to live for free. Happy investing! Use holiday discount code Thx24 for 24% off the online courses & meet ups (San Fran 11-16-2019 is next!) EXPIRING 11-25-2019:

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❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Linked items may create a financial benefit for Meet Kevin®. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.

This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.

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