Why I LOVE Buying Terrible Houses
Add me on Instagram: GPStephan
PROMOTIONAL OFFER: Get Up To 12 FREE STOCKS when you sign up and make a deposit using my paid affiliate link for WeBull:
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER:
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: – $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the 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. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
1st ?
He just described being a good flipper.
The issue with this is, you DONT know what ur getting. U won’t know 100% that the foundation is good and u wont know if the electrical, plumbing, wood having terminates, etc have issues. Most houses have a reason theyre not being maintained
If you know what your looking at you know pretty well what you’re getting
That’s what home inspectors are for
Grant doesn’t look like a handy man
His name is graham. And no, he might not be. Good thing you can do something called hire labor
This kid doesn’t lift a finger unless it’s to pay a tradesman.
@@scottmaxwell1927yep change a lightbulb
Yet he says doing this has been and hasn’t been some of worst deals he has done. It can be good depending on where it is located. You could spend a lot of money on the house and break even or worse take a lose due to the area it is.
Step 1: Have Money
Actually you don’t need money you can find ways to finance it but it’s still not worth the investment
In that condition the roof is never good
I tried, the nasty houses near me are still full priced…
Who’s your agent, what state?
Doesn’t matter what it’s priced at
Bro just stop. You made way more money on YouTube and coffee than real estate. Just call it out at this point.
He gained most of his net worth from his real estate not YouTube. He is also successful on YouTube due to his real estate success.
@@SunnyIcebergyou have not watched his financial breakdowns that he did with kevin from shark tank. Do research bro. The entire reason he started his coffee business was because kevin said he was making most of his money from youtube.
Wow a whole 50k below market value. Then after all that work you could make 20k after investing 450k 🤢🤮
50k under market value in its current state. Then when you fix it, you get sweat equity of another 50-100k. So all in all you end with about 50-70k in profit. Please, stick to being broke and let the adults handle the grown up stuff.
BRRRR
You have to be extremely experienced to be good at this bc otherwise you could be drowned by some unforseen and expensive issue
All I see in my area is property that is over valued… where are these undervalued properties right now?
Only works if you do your own work.
50,000 is not enough to flip a house. Especially if you’re hiring people the do the work
Great idea normally, but not today.