I Bought a $200,000 House in LA!
I Bought a $200,000 House in LA! – Add me on Instagram: GPStephan
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A garage turned into 2 bed rooms?? You got oompaloompas renting
Illegal immigrants aren’t oompaloopas
Ever heard of nyc apartments? In LA the rent for a tent on the sidewalk is $2k these days
He said he expanded it and in the video you can see them adding to it
I expanded the garage, it’s more than 700 square feet!
@@GrahamStephandamn LA life is hard. My 2% mortgage on $380K is $1900 a month for 2k sq feet. Northern Cali FTW. Apples to Oranges I know.
Local zoning laws permitting this is a good idea.
Not a bad idea at all
If you don’t mind waiting a decade to start making a profit and 20 years to double your investment…
So he did a 200k addition, didn’t buy a 200k home in L.A Lol
Not not an addition, an adu
There’s clickbait and there’s this, which I would call complete bullshit. The most expensive thing in the land, which he’s not accounting for
Hey graham
Hey!
😂😂😂😂
Yeah, you also have neighbors now lol how much money do you really need? I would take the peace and quiet
Yeah but to make that 200k back just to break even is gonna take 7.57 years lmao and thats if its booked at all times which it wont be so probably looking at 10 years to break even its a superrrr long investment
2200 .. what hourly person an afford that. If we regulated and capped rent to average median incomes this economy would boom on all fronts
At that rate it’ll take him 20 years to double his investment. If he lowered it any, it would take 200 mo the instead of the 100 months to break even 😅
Here’s the company who’s helping me put this together – if you have a home in California, enjoy $1000 off! https://realmhome.com/r/grahamstephan
And in only 100 months, he’ll have made his first $2,200 in profit.
Reassessed property his property tax gonna increase 😆
I assume he then refinanced, great strategy Graham! All extra money for stocks or otherwise. It was one of a series of smart decisions lead with humility to achieve success.Ego is the enemy… I think you had Jordan Peterson on the iced coffee hour who said that much as well 🙌🏾
Bro turning a sketchy garage into an extra bedroom and then becoming a landlord is not “no extra work”
And in only 100 months, he’ll have made his first $2,200 in profit.
You obviously don’t understand the real estate game. All buy and holds are for long-term investments. Appreciation of the property, rent increasing, and another way of income past the breakeven point. ( which in most cases you don’t see the roi until 10-15 years out) Like a retirement backup or supplement.
Those aren’t houses, they’re wooden tents.
Why overbuild something that’s never gonna have to hold up more than a few pounds per sq foot of roof and might burn down once a decade?