I’m Selling Everything
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Thanks for watching this – hopefully some people will find it helpful
sell ur stocks nd btc instead
Big time! What an awful experience!
Very helpful. Thank you. I am no longer considering buying rental properties especially here in the LA area. We also have an idiot for mayor unfortunately which does not help the situation. It’s just stress and headaches I don’t need in my life. I’ll just keep my assets invested in the market instead.
Gram, love you G. Be patient, they want us to leave so they can take it all.
Let me appreciate under you, and I’ll deal with whatever BS you got. Check the channel. Your man’s got skill
Glad we left LA January 2020 (Right before pandemic).. job transferred me at age 21 and retired in Vegas at age 54. At this point, don’t even enjoy visiting there
Bro definitely posted this knowing that we thought he meant his stocks 😂😂😂
I was planning to post Monday, but figured today would be better!
@GrahamStephan i GOT SCARED FOR A SEC
Of course… the clickbait king
@GrahamStephan 💯
Heart dropped, click imediately….. ::sigh:: oh ok…..
1:14 Petition to give the cat a microphone. It looked like it had something to say
She wanted to tell everyone to hit the like button
@GrahamStephanshe needs her own channel. I’ll hit like on that
Hit it right meow.
Catifornia
LA seems like multiple layers of scams
Sounds like what modern America has turned into 🤬
Meh that’s the US in general.
@kgal1298it’s really not. ADUs are not that hard to build in other states.
It’s intentionally orchestrated. They want people to move out.
@hulsecharliemy friend made a adu in LA took about a year he lives in it now. No problems but grahams story sounds miserable he deserves to be mad, it should be better and easier
Sounds like they were using you as a “cash cow” and they were going to keep finding things that need to be fixed.
Well he was using them as a cash cow, that’s the whole point of the video?
I’m sorry why the heck is the city asking you to pay for stuff THEY OWN AND ARE RESPONSIBLE FOR?! WHY DO WE EVEN PAY TAXES WHAT
Thats what I asked when they told us we had to plant trees on the city grassy island area
Coming from the construction industry, it sounds like they found out who you were and wanted to milk you for money. City inspectors tend to be overly strict and show their authority to those they don’t like as well. That is just my opinion, but things may vary as I am on the east coast.
That was my thought hey, but it seems like this is also incredibly common.
The City is just trying to find ways to make you repair problems in their infrastructure, like the sewer line
Who know at this point
Thats Grahams non sue-able way of agreeing with you😂
I’m seriously doubting that.
If it were “some” other country, I would say just bribe the inspector and he’ll give the go-ahead.
But it looks like inspectors are ordered to allow a certain number of units to be approved(from higher up).
And make up reasons for the rest.
This thing is really fishy.
I was thinking the same thing. Sewer lines under the road, sidewalk with tree roots, this should be on the city to repair not the property owners reliant on those access ways
I had a similar problem in California. I inherited a 400 square foot cabin and its been a nightmare. I was given a $400 find for filling in 2x2x1 foot hole in the driveway after an historic rainstorm. I asked what I should have done… the county wanted me to hire a contractor to pull permits, make a site plan, and complete the work. In order for the contractor to do the work, they needed an engineer to come out, do soil tests, and investigate how “water flows downhill.” If the engineer agreed that filling the hole was necessary, then the contractor could do the work… if not, they wanted me to move my driveway… y’all… it was going to be like ~2-4k to fill a hole the way they wanted me to fill it. Stay away from California.
That’s wild and also believable. Sounds like the fine was the route to go. That has to spell trouble for a society down the line. They’re incentivizing people to subvert the system they created. That’s mind melting stuff.
How did they find out you filled a hole?? 😂
@ifwecouldvoteyeah I’m curious
I just bought land in CA… can you say what county that was in?
@stevenschmidt12they came onto my property unannounced and saw where the gravel was a different color from the dirt fill. They have the right in the county to come onto your land to enforce code at any time.
I am in the construction industry. it seems that all (most) delays in the building departments (or whatever they are called locally) is due to corruption. The building official where I live is actively destroying the building department importing his corruption from Miami (that place that had structures collapse because of building department corruption). It is very frustrating, and LA takes it to a new level. In Chicago (yes, I’ve spoken with contractors from there) you just keep $50 bills on hand for bribes to everyone. The corruption is what destroys civilization.
Chinese social media calls it “Indianization of America,” referring to the 3rd world norm of needing bribes to get anything done. According to them, this is due to the old American system of “legalized corruption” becoming insufficient to meet the needs of the expanding bureaucracy, needing illegal corruption to supplement it. America has 10 times as many civil servants per capita as China. China sets their government size to the optimal efficiency point between getting infrastructure built to keeping cost, including fringe cost like corruption, to a management degree.
@georgedang449 you are saying china is so efficient and little corruption…… are you being paid by CCP or something? bribes and connections are the asian cultrue.
Hello. It was sad to hear your situation, Graham. I have just a few questions. Were you encouraged to consider building a AUD or whatever they are called ? Prior this exploration; there were no major issues, I believe.
Maybe your margins, I mean the money you make with your properties is not optimal; yet Graham it’s amazing that you have those properties in the first place. I understand your frustration. It’s real and you lost money , sort of, on this venture. All your guests, on the iced coffee hour show, have lost money on their ventures. Maybe it is time to invest in other locations but I would not let go of the properties you have. No matter how ugly it gets in Los Angeles; it is still one of the most beautiful place to be … I appreciate everything you do , Graham, with your cohost , as well. There something authentic about what the two of you are doing. Focus where change can be made. I think it would be an error to sell it all. Thank you
@darshuetube on the other hand… 1/10 the government goons sure sounds like a good idea to me 😂
I was going to say, it probably didn’t even cross Grahams mind that the reason they kept adding on new problems was because they were waiting for a bribe
Bruh, as an ex-builder in Northern CA, everyone knows you’re suppose to bribe those inspectors. It is a known fact. You bribe them and you get your inspection and pass in days.
How much do you usually need to pay them? How are you able to tell that they accept bribes?
@Numb_ $50. They accept bribes. Pretend you’re in India. It’s the Indianization of America.
Sounds like a lot of people should be going to jail.
@Numb_ how quick you want them to work? lol
@georgedang449 😄😄
As if that doesn’t happen in most other countries?! India is one of the worst ones though for corruption and scams, except for some areas in the center and the south where it’s less so or significantly less so in some cases.
As a California local, we have some of the best industries, people, and nature. But we have the absolute worst state/local government in the entire country.
Unfortunately industry’s will leave
the people are who vote for the gov though. So they must not be the best people.
I made the move away years ago feeling similarly. I honestly miss the hell out of it. Weather, culture, and food can rarely be beaten. Job market is very strong and diverse as well.
ya I’m sure voting for someone else will fix it right up…nobody is fixing anything
As an LA local I know our issue is largely inundated by the city council and NIMBYS on the left and right. I mean go to any neighborhood council meetings did it’s ridiculous with who shows up and complains and can win against someone getting their building permits simply because they convince others it’ll be a hassle to build.
Leaving CA was the single best financial decision I made.
You made the right choice.
same here. Left to FL in 2022. Best move I made this decade.
Numbers guys… how much you made how much now? What do you do for a living?
@erichadit I won’t give exact numbers, but I was living like a broke college student in CA in less than 500 sq ft as a tech worker. I spent 2-3 hours a day in traffic getting to and from work. My net worth was early 6 figures. Every house we bid on we were outbid on by over 6 figures in the SF bay area. In 2018, I moved to FL and began working remotely.
Within 2 years of moving to FL, I became a multimillionaire with over 10 doors in rentals for passive income, etc. We over doubled our money on every property in a short window. I have a wife, kids, no commute, and over 3700 sq ft home. As a bonus, our primary income doubled around 2021 since there was high demand for skilled workers during that time.
I never could have predicted a pandemic would happen of course, but I knew baby boomers were going to start retiring en masse to FL so it was a safe bet. Migration patterns showed FL as a winner. I also knew what was happening in CA was unsustainable so I wanted to be one of the early movers.
This is my story since you asked. I wish you the best outcomes. Pay attention to what is happening in the job/real estate/investment market and identify conditions where you could profit. Then make adaptations appropriately. Where your talents, passion, and market demand overlap is where you can do it too. If you try to do just one or two of those, it will be less probable.
Same
California is anti business, and they love overregulation. It is just not worth it.
CA law makers LOVE criminals too
CAL gov or in this case the LA gov. It’s all about $$. They need money to cover all the wasteful spending. Just like they floated the idea of taxing text messages.
For some place so anti-business, they sure do have a lot of it. Maybe the focus should be on the people. The business will be there. That’s the nature of business.
Yes look at the palsade houses after the fire nothing has started to rebuild. Trump told them to get it back up and going but their mayor said it takes time because we have all these regulations and money to collect. She didn’t say the kast part but she didn’t have to
Jesus, I just got high blood pressure after your whole story. Out of control.
That is so horrible. There is so much bureaucracy and red tapes. Government sucks.
*california
i NEVER comment on videos but I feel compelled to do so. I’m also a Los Angeleno turned Vegas resident and I actually had the pleasure of meeting Graham at the Uncommons here in Vegas at an Italian restaurant. As a real estate agent in both Nevada and California, this video is 10/10 content and resonates in my soul. It was really dope to learn from the video that you started out as a leasing agent. I know exactly what that entails as I do rentals as well. Sending you a virtual head nod. Keep the great content coming !
Ah thanks so much!! Really appreciate you coming up and saying hi!
I bet you, that when a corporation buys the houses, they don’t get any of these problems, they just get an approval straight away, without an inspection.
I saw this book The Elite’s Wealth Secrets and the title was so cheesy I almost didnt read it. Thank God I did. That line about how a high ‘W-2 income is a trap’ felt like a punch to the gut. I was celebrating my promotion last month, but the book made me realize I was just giving myself a raise to pay a higher bill.
The inspectors didn’t want repairs. They wanted CASH BRIBES.