The way he delivered his come up story like he had it bad. My guy got a degree paid for by parents and slept in his parents’ mansion basement and had a good job with a $800 rental apartment. My guy had a good good life
exactly. no wonder he has a flashy lifestyle. if he actually struggled from nothing (without a lucky break) he'd be less likely to (not saying it never happens but those frugal traits that got them to that place would be hard to shake off)
Which, assuming the landlord has a mortgage for 12 million and put 20% down, means he’s only just covering the full mortgage payment every month (assuming ~3.10% mortgage). The landlord would also need to pay property taxes out of pocket which would be somewhere around $100,000 a year.
From these rough numbers you showed, that rental amount would pay the house off in 30 years. For most situations, due to interest, your monthly payment multiplied across 30 years is a number almost 100% higher than the purchase price. E.g if you financed 600k for 30 years and your payment was 3400/month, you end up paying $1,224,000 (including property taxes, insurance etc..). The point is, mathematically it's not a bad deal, notwithstanding the apparent lunacy of paying that much in general.
Actually not that bad on par with a pretty decent cap rate a little bit lower than 4% if we value the house at 15m. Also we aren’t privy to the current balance on the existing mortgage of the house or even if there is an a outstanding mortgage.
@@alp.9672 He's honestly speaking truth. People who push the flex culture and make fast money for a short span of time don't last long. Hopefully he knows what he's doing and avoid the downfall many RUclipsrs/Influencers fall through. By spending ridiculous amount of money on miscellaneous products and not investing.
@@marriageinsider as long as in the la area. it should be ok. im sure in one of the cheaper areas it may even be viable enough to build mansion similar to what they were renting.
A relief to see that he purchased a home in NC. Oivay. This one was hard to watch. He needs a mentor. So much wealth being squandered in a highly fickle and temporary career path. I hope he can plot a solid long term course.
yikes… all i know is when i get rich & become successful i’m not about to sit here and spend $43k a month on rent. I’d rather get something much cheaper, what’s up with people just wasting money just to waste it then later down the line wondering why they don’t have any savings, and end up being broke? lol. This is not goals & people who are saying that are just a yikes as well. 🤣 he can find a better mansion , that’s cheaper for his team elsewhere. what’s up with people always wasting millions of money in LA… overal though i am happy he is successful.
It's the team's money. 4:16. So it's like they pooled money from everyone to be able to pay rent. So the cost to him personally is not 43k. It's 43k divided by the number of people living there.
Right. I need him to explain if this is financially sound. Even as a "business expense". The rent seems high. You can't afford the house but you can the rent. Makes no sense.
@@anubistiger I think it’s pretty awesome lifestyle, you guys both sound jealous. Rather be a successful youtuber than going to office being proud of a 50-100k salary before taxes
I thought he was making $1M a month or something in which case it's fine to spend 43k on rent, but he said he was losing money because of that when he first moved in.. oh dear..
You weren't paying attention he doesn't pay the rent from his own money ,it's a shared account between the members And when he said that I think he was referring to the fact that it was the most he had to spend at once
It's crazy how one year can change your whole life. One year of commitment led to the move to LA. Fast forward, he's living the dream. It's beautiful honestly. What better way to spend your 20s. Plus he's got a house in NC, so I'm sure he'll eventually resettle there or elsewhere. Love it.
The best investment one can do right now is investing on forex trading though stock are good but ever since I swapped to forex, I've seen do much difference
Alot of you in these comments don't understand that 1. the rent money doesn't come from him ,it's all the creators combined paying the rent 2.That this is a business expense. the house helps them make videos which makes them money .It's like a production studio renting out a 20,000sq foot warehouse to produce their films
I am impressed by the success, and congrats on all your accomplishments. However, I make around $150,000 per month, and I only spend about $700 per month on housing. My wife and I both drive used cars, and we cook 90% of our meals at home. I'm not saying anyone should be as frugal as we are, but wow $44K per month in rent is wild, even if you're mega rich.
Based on first impression, the rent doesn't seem like a great decision. But it's a business decision to enable the guys the freedom to do their RAR stuff. The guy honestly seems bright.
yeah, it's known as the Hedonic Treadmill - new and exciting stuff feels great for a while, but eventually you return to your regular sense of satisfaction. It's why lots of financial planners advise spacing out big purchases - you get the most out of them if you only do one or two a year. Do too many of them in a row, and you loose the endorphin boost that the latter ones can potentially give, if you had just waited a few months between.
Love the content from CNBC. The business that he built is impressive. He saw a niche and figured out of to monetize it and make some serious money and run a successful business. Well done. As far as the mansion goes, its not the best deal. He's paying for maintenance and utilities. For the amount he's paying he could take out a mortgage on a $15 million mansion over a 30 year amortization period and still pay the same. His rent payments are going to increase over time. If he had a mortgage, if times get tough, he could sell the mansion.
This is really cool. Props to him and the team he's built! $43k a month in rent is a business write off and well worth it for the type of content they're making, and it's probably peanuts now compared to the amount of money he's bringing in. Risky at first? Yes, but it paid off :)
Renting a mansion for an extended period of time where you own no equity in the mansion is not a good business idea. In addition you could rent a similar sized home at a lower cost elsewhere and shoot the exact same content and no one would know the difference.
It's more convenient to be in LA for collab and other stuff so that's why. It's a business expense look at their social blades they are making way more than 43k a month now.
You know what's better than owning a reasonable house? Renting one for $44K a month to support your definitely permanent monetized social media presence. I can't see anything going wrong by the time he hits 35.
Am I understanding this correctly? He can write off his extravagant housing as a business expense but those on welfare get judged for low cost housing.
If those crazy expenses = more money from the content they create, then maybe it's worth it. I wish Carter shared how much his income CHANGES since they rented that house.
The investment on this house was a risk for sure but it paid off. It allowed my business to grow substantially over the course of a 2 years and that simply would not have been possible with out it. Iv leveraged the growth of this rental to a much bigger crazier house that I purchased.
To the people that keep saying it doesn't make sense to have this, you need increase your financial knowledge. 1. It's a business expense with cash flow from multiple people who are agreeing to partner in the real estate deal in sharing the rent by room. 2. It's a tax write off. 3. If you were by yourself and not a multi billionaire then yes it wouldn't be financially smart.
This is plain stupid - as Dave Ramsey would say. Spending $43K on rent is ridiculous even if you make money. If not careful, these guys will be broke in a few years. Buy a house, and invest wisely.
This was fun! Thanks for coming out. It’s also interesting to see what people in the comments think about my finances and if I will succeed in the future or not
It's so different than the path I am pursuing, and at the same I can appreciate this. I think it's cool, and it's intriguing to see someone else do things so differently than me.
1. Formal education isn't a full indicator of intelligence. 2. He's definitely a Trust fund kid. Enough cash flow to keep him and his pink cars (lol) afloat.
@@downloader950 You know how much real estate/mánsion in in LA? Why would they buy a house when it’s all shared it makes sense they rent. What is wrong with people on this post?
@@downloader950 lol they can have as much fun as they want. We are not going to enjoy non of it even if they went broke, I don't know 😕 🤷 😐 😅 , I'm pretty sure he now has his own house....they all probably do....I've seen their subscribers. Pretty sure they are smarter than us lol
Andd... this is also how he's getting more views & content. People want to watch (and criticize) things that they'd never do themselves. Must be worth it from the tax/content angle
People who don't understand the business model here would think his dumb. It's simple the house draws in viewers because he is perceived as being wealthy. Why get trapped by a mortgage which makes the bank wealthy while you rot in same house for 30 years anyway.
cost of doing business. runs it all through the company. sure he could have gone elsewhere for less but the collaborations in that area are strong and should result in making more money.
Interesting you think this is foolish when my business is about to close out the most profitable year yet! I couldn’t have done it without this house. business need to reinvest and spend money to make more money
OK, as a house rental, this is ridiculous. As a business expense that he just so happens to sleep in....makes it a bit more logical. Not THAT much more logical, but at least a bit.
I love a good riches to riches story. Poor fella had to live in his parents BASEMENT when he started out. Guarantee that ish was a fully furnished apartment.
Several questions : do you need this big a space to be creative? Will this big home give you a different perspective when creating content, versus living in a smaller less expensive home? A half a million in rent is extreme. Why not own?
Im not even a millionaire yet but my understanding is that when you get into properties that cost over a million dollars, its usually a better deal to rent. It is hard to find tenants capable of paying high amounts of rent and thus if you own expensive properties you usually have to charge less than you want unless you are doing vacation/short term rentals. And honestly, for me I am more happy renting right now than living in one of the two houses I own, and im in the market of properties worth 100-300k. Also, I think that as a youtube, spending the extra to have a palace is absolutely worth it. He would probably have a more comfortable living situation in a smaller home with less stuff. But his content would not be as good.
while he is extremely flashy, he does youtube where being flashy and attention grabbing is a good thing. If he makes well over the 43k per month rent expense (i'm sure he does some top twitch ppl clear 6 figures a month) then it's well worth it. Also why are ppl hating when he earned everything and is extravagant on purpose because he does youtube? This guy is a smart businessman. It's not he goes around rubbing it in ppl's faces
Lawd I see what u doing for other YTers out here 🙏🏾😭 I’m jk 😆 I don’t think I’d ever buy a home like this even if I had that kind of money but I do believe he can atleast write some off as a business expense 🤷🏽♀️
If you’re a great content creator you do not need to rent a place for $43k/m to make content. You can literally make great content on the streets. He looks like a guys that make really quick decision and I hope everything works out for him but he is not smart!
A poor mindset will see it as a waste because to them a normal rent is 2000 or below , please i support you, even if your rent was 1M$ cheers it's your money, your life , i pray you never go down as some will wish , enjoy to the fullest bro
43K/mo? So you'll be paying for the whole mansion in 5 years, and if you're like me (don't move a lot), you'll be inevitably paying 2-5x the home's value. You're just paying for an address in LA. Movies and other media hype LA up so much there is more people either homeless or could actually afford to live here. The ONLY way this would be smart is if you were the owner doing an Airbnb or renting it out yourself. You're just helping someone else's net worth portfolio with your wallet.
This is just not smart. For being 27 ur right around the corner from 30 get it together. If u can afford 45 thou a month on rent u can afford ur own home and pay it off.
Watch the video again since you didn’t understand first time around. Also he is doing great for 27 actually he and the rest are in the top 8% or better for their age
It will be interesting to know the percentage of his rent and his usage costs (telephones, computers, electricity, heating…) that he can deduct from his taxes since his home is also the place of his business.
In a video with RUclipsr Fazerug, Carter said that this house was worth $30 million. In this video at 0:57, it says it's actually a much lower retail value at $13.5-17 million.
The way he delivered his come up story like he had it bad. My guy got a degree paid for by parents and slept in his parents’ mansion basement and had a good job with a $800 rental apartment. My guy had a good good life
Yup. Not everyone sees the truth.
exactly. no wonder he has a flashy lifestyle. if he actually struggled from nothing (without a lucky break) he'd be less likely to (not saying it never happens but those frugal traits that got them to that place would be hard to shake off)
I don’t think there is anything wrong with that? He used his opportunities well it seems….
@@sebastiand.1305 Nothing wrong with using opportunites, something wrong with acting like they dont exist.
Even with the helping and he still have to work extremely hard to get to where he’s at. Engineering college is an easy bro
This doesn't seem financially smart even for rich people
Renting a mansion is better than owning it.
@@MyGUNZ123 Says who? The owner earning $45k for doing nothing plus price appreciation.
@@MyGUNZ123 giving money and what he gets? Nothing
It's a business expense....
You do know that this is a business expense?
He’s spending $500k a year on a house only worth 15 million......that landlord is thrilled.
According to Graham Stephan the land alone is 20M.
@@MaxSujyReact yea thats false😂
Which, assuming the landlord has a mortgage for 12 million and put 20% down, means he’s only just covering the full mortgage payment every month (assuming ~3.10% mortgage). The landlord would also need to pay property taxes out of pocket which would be somewhere around $100,000 a year.
From these rough numbers you showed, that rental amount would pay the house off in 30 years. For most situations, due to interest, your monthly payment multiplied across 30 years is a number almost 100% higher than the purchase price. E.g if you financed 600k for 30 years and your payment was 3400/month, you end up paying $1,224,000 (including property taxes, insurance etc..). The point is, mathematically it's not a bad deal, notwithstanding the apparent lunacy of paying that much in general.
Actually not that bad on par with a pretty decent cap rate a little bit lower than 4% if we value the house at 15m. Also we aren’t privy to the current balance on the existing mortgage of the house or even if there is an a outstanding mortgage.
It costs a lot to live a fake life on the internet.
Random guy sounds jealous on the Internet
@@alp.9672 He's honestly speaking truth. People who push the flex culture and make fast money for a short span of time don't last long. Hopefully he knows what he's doing and avoid the downfall many RUclipsrs/Influencers fall through. By spending ridiculous amount of money on miscellaneous products and not investing.
He is so financially smart...I mean the landlord
Makes the tenant pay for the pool and landscaping. Actually genius lmao.
@@shontelhorneonline ikr
Yeah… forget the RUclipsr!! I want to know what he’s making!!!
It seems like the more he earns, the more he spends. This is how people stay broke, even if they make over $1 million per year.
someone read Rich Dad poor Dad lol
@@bestbigbros1102 he has a team of youtubers in the house dude ?
Yup, lifestyle creep.
Kevin O’Leary would lose his mind watching this 😂
😂😂😂
if you needed a team collab space, i would just buy a large warehouse and retrofit that.
Not in the middle of Bel Air,Everything has a reason
@@marriageinsider as long as in the la area. it should be ok. im sure in one of the cheaper areas it may even be viable enough to build mansion similar to what they were renting.
Wouldn’t look as nice though
That trampoline structure scares the daylight out of me. I hope they're staying safe.
Probably not🤦♀️
"literally sleeping in the basement"
-of a mansion lmao
A relief to see that he purchased a home in NC. Oivay. This one was hard to watch. He needs a mentor. So much wealth being squandered in a highly fickle and temporary career path. I hope he can plot a solid long term course.
temporary career path? I disagree. Not saying anything about the house, but he can easily retire at any age. That's a nice career
yikes… all i know is when i get rich & become successful i’m not about to sit here and spend $43k a month on rent. I’d rather get something much cheaper, what’s up with people just wasting money just to waste it then later down the line wondering why they don’t have any savings, and end up being broke? lol. This is not goals & people who are saying that are just a yikes as well. 🤣 he can find a better mansion , that’s cheaper for his team elsewhere. what’s up with people always wasting millions of money in LA… overal though i am happy he is successful.
They live there for free
@@Winford.Studios time stamp? i watched the vid, he said he was paying the rent for it… im confused lol
It's the team's money. 4:16. So it's like they pooled money from everyone to be able to pay rent. So the cost to him personally is not 43k. It's 43k divided by the number of people living there.
@@banshee1133 thank you!
@@banshee1133 Not true. He says it's his house and he personally pays for it here 0:47
Can’t wait to see Kevin O’Leary do a video on this lol
Graham where are you!? 😂
Right. I need him to explain if this is financially sound. Even as a "business expense". The rent seems high. You can't afford the house but you can the rent. Makes no sense.
Yes please!
HERE
@@GrahamStephan 👏🏼🙌🏼🙌🏼🙌🏼
Crazy to pay so much for rent 🙄 Why doesn’t he buy a similar house on mortgage? The rent payment would cover the mortgage and he would own the house
There is a lot of added cost when you buy, the land alone is worth 20M according to Graham Stephan, so property taxes must be insane.
Thisss
He has no taste. Look at how he's decorated the place. Something a 5 year old would do. And the cars just look so so bad.
Seriously at some point I think he'll want to grow up. What 27 year old wants a drawer full of sour patch kids?
@@anubistiger I think it’s pretty awesome lifestyle, you guys both sound jealous. Rather be a successful youtuber than going to office being proud of a 50-100k salary before taxes
Everything is for content. It generates him Big bank
@@alp.9672 no, I'm just talking about how trash his taste is. Did I comment about his money?
@@adeebniyazi oooo my bad so you stated a subjective opinion. So yes a hater.
So you mean to tell me he could just buy a house
I thought he was making $1M a month or something in which case it's fine to spend 43k on rent, but he said he was losing money because of that when he first moved in.. oh dear..
You weren't paying attention
he doesn't pay the rent from his own money ,it's a shared account between the members
And when he said that I think he was referring to the fact that it was the most he had to spend at once
He is referring to the past. His house cost is a small % of what he makes every month.
It's crazy how one year can change your whole life. One year of commitment led to the move to LA. Fast forward, he's living the dream. It's beautiful honestly. What better way to spend your 20s. Plus he's got a house in NC, so I'm sure he'll eventually resettle there or elsewhere. Love it.
Creator houses are like the opposite of work life balance but I guess if you love what you do it must be worth it.
its terrible for work life balance unless you are a coowner.
It is unreal just how much they work and they're feeding off one another's energy. It must be really hard to take a break.
@@asadb1990 I have small RUclips channel just on my own it’s so much work. Like balance is off from day one.
@@shanaepraystoo I 💯 agree I have a small RUclips channel and it’s work 24/7 with out even the same number of subscribers. So I know what you mean.
His educational background is impressive
I have heard a lot about investments with Mr Franklin C. Davis and how good he is , please how safe are the profits?
Since Mr Franklin Davis started managing my investments, I make $18,300 weekly. God bless Mr Franklin Coley Davis he is a blessing to my family
How can I reach Mr Franklin? I have actually heard lot about him
you can easily reach Mr Franklin over Whatsa'pp 👇👇
Even without knowledge about crypto and trading, I earn $14,650 every 14days with the help of Mr Franklin Coley Davis
*I don’t know who need to hear this but stop relying on the government and savings. Invest some of your money if you want financial freedom*
The best investment one can do right now is investing on forex trading though stock are good but ever since I swapped to forex, I've seen do much difference
Stock are Good Too
Stock are good but Crypto is Better
I heard that his strategies are really good
Yeah, my first Investment with Expert Charles Schwab has earned me profit of over $24,320 US dollars and ever since then he has been delivering
I like success stories but this just seems gaudy.
My guy doesn't own the place and still has to pay to take care of the gardening and pool???
Alot of you in these comments don't understand that 1. the rent money doesn't come from him ,it's all the creators combined paying the rent
2.That this is a business expense. the house helps them make videos which makes them money .It's like a production studio renting out a 20,000sq foot warehouse to produce their films
A lot of these comments are haters as usual
I am impressed by the success, and congrats on all your accomplishments. However, I make around $150,000 per month, and I only spend about $700 per month on housing. My wife and I both drive used cars, and we cook 90% of our meals at home. I'm not saying anyone should be as frugal as we are, but wow $44K per month in rent is wild, even if you're mega rich.
you on the other side of extreme Todd😅 Love your accomplishments but you can afford to stretch a little more
@@LMcBee Lol maybe I should have the guy in the video teach me how to live ha ha
What do you do for a living if I may ask? And what is a tip for young people in regards to being successful
Thats the other side of the spectrum… 2 extremes.. lol but CONGRATULATIONS ON YOU AND WIFE’S ACCOMPLISHMENTS
@@ToddBaldwin lol
Based on first impression, the rent doesn't seem like a great decision. But it's a business decision to enable the guys the freedom to do their RAR stuff. The guy honestly seems bright.
😂😂😂😭😭🤣🤣🤣
“It seems surprisingly normal”. Yeah nothing about this is bro.
yeah, it's known as the Hedonic Treadmill - new and exciting stuff feels great for a while, but eventually you return to your regular sense of satisfaction.
It's why lots of financial planners advise spacing out big purchases - you get the most out of them if you only do one or two a year. Do too many of them in a row, and you loose the endorphin boost that the latter ones can potentially give, if you had just waited a few months between.
Love the content from CNBC. The business that he built is impressive. He saw a niche and figured out of to monetize it and make some serious money and run a successful business. Well done. As far as the mansion goes, its not the best deal. He's paying for maintenance and utilities. For the amount he's paying he could take out a mortgage on a $15 million mansion over a 30 year amortization period and still pay the same. His rent payments are going to increase over time. If he had a mortgage, if times get tough, he could sell the mansion.
Yes your totally correct. This is just a stepping stone. I got big plans right around the corner!
“Business” - you call stupidity a business?
“ItS a BuSiNeSs ExPeNsE” 🤡🤡🤡🤡
Owner of that house still winning 45k a month
He could buy a similar house and claim the mortgage as a business expense since he is using it for work.
This is really cool. Props to him and the team he's built! $43k a month in rent is a business write off and well worth it for the type of content they're making, and it's probably peanuts now compared to the amount of money he's bringing in. Risky at first? Yes, but it paid off :)
Good one
Renting a mansion for an extended period of time where you own no equity in the mansion is not a good business idea. In addition you could rent a similar sized home at a lower cost elsewhere and shoot the exact same content and no one would know the difference.
It's more convenient to be in LA for collab and other stuff so that's why. It's a business expense look at their social blades they are making way more than 43k a month now.
spends half a million on lodging and doesnt even get utilities... couldnt be me honestly
"this feels normal now" ah yes, lifestyle inflation at it's finest...
You know what's better than owning a reasonable house? Renting one for $44K a month to support your definitely permanent monetized social media presence. I can't see anything going wrong by the time he hits 35.
I think I’ll be just fine 👌
@@CarterSharer yea
Am I understanding this correctly? He can write off his extravagant housing as a business expense but those on welfare get judged for low cost housing.
The United States is a communist country when it comes to corporate finance
If those crazy expenses = more money from the content they create, then maybe it's worth it. I wish Carter shared how much his income CHANGES since they rented that house.
True. I wondered the same too
The investment on this house was a risk for sure but it paid off. It allowed my business to grow substantially over the course of a 2 years and that simply would not have been possible with out it. Iv leveraged the growth of this rental to a much bigger crazier house that I purchased.
To the people that keep saying it doesn't make sense to have this, you need increase your financial knowledge.
1. It's a business expense with cash flow from multiple people who are agreeing to partner in the real estate deal in sharing the rent by room.
2. It's a tax write off.
3. If you were by yourself and not a multi billionaire then yes it wouldn't be financially smart.
So I checked out his RUclips channel and he just bought a new house. The video was uploaded 2 weeks ago so now we need a new video for the new house 😅
$1800/month in utilities?? That amount covers my utilities for 10 years, LOL!!!😂
Haha, why am I getting frat house vibes from that house? 😄
How annoying is this house to his Neighbors with all the nonsense going on inside and outside on a regular basis.
Did y’all watch the most recent episode of Law and Order: SVU? I love how the writers are so well aligned with current events and culture.
This is plain stupid - as Dave Ramsey would say. Spending $43K on rent is ridiculous even if you make money. If not careful, these guys will be broke in a few years. Buy a house, and invest wisely.
True.man could be eating rice and beans if he ain't careful.wait! he is not careful with his finances U$D43k/month no man.
Who listens to old a- Dave Ramsey? His advice a lot of times is not all that great.
I can tell people watched 5 seconds of the video and then commented without watching or HEARING the content creator clearly.
Can’t wait for Graham’s reaction.👍🏻👍🏻👍🏻 give it a like, you know you want to.
Graham is going to flip when he watches this video 😂
This was fun! Thanks for coming out. It’s also interesting to see what people in the comments think about my finances and if I will succeed in the future or not
Lol don't listen to them! You're a smart man!
He forgot to mention this is a business where creators pay him to use the property. He was able to buy a house with the proceeds.
It's so different than the path I am pursuing, and at the same I can appreciate this. I think it's cool, and it's intriguing to see someone else do things so differently than me.
Y’all are saying he’s squandering his wealth, but it’s clear he was born into wealth he’s probably not worried about excessive spending
1. Formal education isn't a full indicator of intelligence.
2. He's definitely a Trust fund kid. Enough cash flow to keep him and his pink cars (lol) afloat.
Yooo it's a business expense! So smart and he's still making his money. He better be investing this money. Too many bankruptcy stories every where.
Right, so many other comments are just jealousy/hate
It's not smart at all, he could literally just buy a house with all that money
@@downloader950 You know how much real estate/mánsion in in LA? Why would they buy a house when it’s all shared it makes sense they rent. What is wrong with people on this post?
@@alp.9672 I know right? Infact they are having so much fun at their job I'm so jealous lol 😆 😂 😅 🤣 🙃
@@downloader950 lol they can have as much fun as they want. We are not going to enjoy non of it even if they went broke, I don't know 😕 🤷 😐 😅 , I'm pretty sure he now has his own house....they all probably do....I've seen their subscribers. Pretty sure they are smarter than us lol
It doesn't matter that he's making a lot of money, to waste 45k a month paying rent is beyond stupid LOL
The person who owns the home probably giggles a little every time they get the rent check.
It's a business expense. He's using the house as content which makes him several million a year.
The owner is one happy champ, Football player's in the UK wouldn't chunk that money on rent.This is more of an American young rich thing innit.
yep lmao only out here would you see this 🥲🥲
Andd... this is also how he's getting more views & content. People want to watch (and criticize) things that they'd never do themselves. Must be worth it from the tax/content angle
Pay exactly $1 a minute to rent there.
People who don't understand the business model here would think his dumb. It's simple the house draws in viewers because he is perceived as being wealthy. Why get trapped by a mortgage which makes the bank wealthy while you rot in same house for 30 years anyway.
43k split by 10 creators plus part of the rent is tax deductible we talking about 3k in rent per tenant
I need to understand how much he makes per month, net, to decide if this makes sense. They never did a breakdown of his finances.
9M subs, he's making bank man.
Can’t wait to see Graham Stephan’s reaction video to this 😆
he will probably react to it then react to himself reacting to it😂
@@noone-bp1eu exactly 😂
I need to see Graham react to this video! Jeez!!
wait a couple of hours😂
On his channel now
It's no different from renting an office building. It's actually smarter because they can live there. Simple as that.
cost of doing business. runs it all through the company. sure he could have gone elsewhere for less but the collaborations in that area are strong and should result in making more money.
bro 43K a month could save up much more money lol
Soooo he lied. Never bought theses houses
A fool and his money are soon parted
Interesting you think this is foolish when my business is about to close out the most profitable year yet! I couldn’t have done it without this house. business need to reinvest and spend money to make more money
This made me feel better about myself.
OK, as a house rental, this is ridiculous. As a business expense that he just so happens to sleep in....makes it a bit more logical. Not THAT much more logical, but at least a bit.
you have to remeber he also selling the image of reckless young and rick. I think if he changes to fugal styles his viewership would do down
I was living in north Miami $1600 1st month utilities insane since the house or property wasn't no where compared to MR.Carter home
:/
He’s a serious version of Trevor Wallace, we need Trevor Wallace to do a skit on this guy
I love a good riches to riches story. Poor fella had to live in his parents BASEMENT when he started out. Guarantee that ish was a fully furnished apartment.
Several questions : do you need this big a space to be creative? Will this big home give you a different perspective when creating content, versus living in a smaller less expensive home? A half a million in rent is extreme. Why not own?
Im not even a millionaire yet but my understanding is that when you get into properties that cost over a million dollars, its usually a better deal to rent. It is hard to find tenants capable of paying high amounts of rent and thus if you own expensive properties you usually have to charge less than you want unless you are doing vacation/short term rentals. And honestly, for me I am more happy renting right now than living in one of the two houses I own, and im in the market of properties worth 100-300k. Also, I think that as a youtube, spending the extra to have a palace is absolutely worth it. He would probably have a more comfortable living situation in a smaller home with less stuff. But his content would not be as good.
He said himself he can't afford 200 mil
while he is extremely flashy, he does youtube where being flashy and attention grabbing is a good thing. If he makes well over the 43k per month rent expense (i'm sure he does some top twitch ppl clear 6 figures a month) then it's well worth it.
Also why are ppl hating when he earned everything and is extravagant on purpose because he does youtube? This guy is a smart businessman. It's not he goes around rubbing it in ppl's faces
Graham Stephan is going to love this! 😂😂😂
Lawd I see what u doing for other YTers out here 🙏🏾😭
I’m jk 😆 I don’t think I’d ever buy a home like this even if I had that kind of money but I do believe he can atleast write some off as a business expense 🤷🏽♀️
Ok Yesss
He write off probably most of it.
Why no to Airbnb for 3-5 days in a mansion and leave somewhere cheaper and travel more to visit more houses more content
His company logo is awesome!
I've never heard of any of their channels. They make so much money!
Lol what am I doing in my life…. I need a sour patch drawer.
who is waiting for your reaction Graham Stephan? 😂
If you’re a great content creator you do not need to rent a place for $43k/m to make content. You can literally make great content on the streets. He looks like a guys that make really quick decision and I hope everything works out for him but he is not smart!
99% of comments = he was lucky to live in his parents' basement. No comments on the part where he mentions working 20 hours a day.
Can wait for Graham to talk about this nonsense 🤭
Me too!
What a ridiculous waste of money. For $47k/mo you could still buy a multi-million dollar property with plenty of room for your, uh, career.
Isaiah and I live in Anderson and I love you RUclips channels and I love all of you guys I hope you guys have a good weekend love you more 🥰🥰🥰🥰🥰🥰🏘️
A poor mindset will see it as a waste because to them a normal rent is 2000 or below , please i support you, even if your rent was 1M$ cheers it's your money, your life , i pray you never go down as some will wish , enjoy to the fullest bro
43K/mo? So you'll be paying for the whole mansion in 5 years, and if you're like me (don't move a lot), you'll be inevitably paying 2-5x the home's value.
You're just paying for an address in LA.
Movies and other media hype LA up so much there is more people either homeless or could actually afford to live here.
The ONLY way this would be smart is if you were the owner doing an Airbnb or renting it out yourself. You're just helping someone else's net worth portfolio with your wallet.
This is just not smart. For being 27 ur right around the corner from 30 get it together. If u can afford 45 thou a month on rent u can afford ur own home and pay it off.
Watch the video again since you didn’t understand first time around. Also he is doing great for 27 actually he and the rest are in the top 8% or better for their age
Thank you so much for highlighting how 97% of Americans live!!! THIS IS SO APPROPRIATE AND RELEVANT!!!!!!!!!!!!!!
Ok but the house is literally a business expense. He can write off a portion. That’s CRAZY
This guy makes well over a million a year and has still figure out how to live paycheck to paycheck
Who said they are paycheck to paycheck?
To each their own. However, rich or not I am not giving anyone that amount of money a month. I would just purchase a home.
It will be interesting to know the percentage of his rent and his usage costs (telephones, computers, electricity, heating…) that he can deduct from his taxes since his home is also the place of his business.
Wish they would have went into monthly income and expenses to put this into perspective.
In a video with RUclipsr Fazerug, Carter said that this house was worth $30 million. In this video at 0:57, it says it's actually a much lower retail value at $13.5-17 million.
Why do people wear shoes on the bed?! 😂
He probably writes off a bunch of this on his taxes. But still makes sense to buy something else instead.
I imagine it get loud in that house, the neighbors must love them
They haven't posted in 6 months, let's see how long this lasts
These Guys have many different sources of income.