Meet The Real Estate Investor With 102 Tenants
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- Опубликовано: 20 авг 2024
- Meet Matt McKeever, the Real Estate Investor who now owns 16 buildings, 58 units, with 102 Tenants. Here’s how he did it - enjoy! Add me on Instagram: GPStephan
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In this video, we’ll meet with Real Estate Investor, Matt McKeever, as he tours us through each of his 16 properties and discusses them in detail, including how he got started investing in real estate, how he manages his time, and his recommendations for everyone watching.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
After all this hustle, he finally saved up to get contact lenses
Or Lasek. OH YOU FANCY, HUH?
Or Lasix
@@jamesellisonrasmussen9886 BULLSHIT.
James Ellison Rasmussen no
Nah we don’t pay for eye care in Canada 😎
The lesson here is to rent to students, charge for each bedroom rather than the whole house, and tripple/double your ROI
You're indirectly saying you hate them
ROOTS OF MONEY ?
Ya but its more time consuming.
Depends on the city/neighborhood.
Some places don’t have enough students
@@jasinbiggs7189 This is true but if you do it near a college you will most likely have a high demand because there is a high chance that the rent expense for them is going to be lower than on campus accommodation etc
@@bijankazemi4368 If I had this many properties, I'd want to diversify a bit. A big chunk would be college students to get that higher ROI but I'd also want some single family homes to have stable income. Families stay put for a while, or at least on average they do. Students tend to move often so you have find a new tenant and do new leases every single time they do. Then students tend to be messier and break stuff more often. A lot of them are getting their first taste of freedom and they're doing that in your property.
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I have been making a lot profit through real estate which has been the main source of my income.
STEPHINE KOPP MEEKS she is whom i work with look her ////
Look... I'm all for saving money... but... there is a point where this becomes a psychological issue.... like... fix the damn glasses....
Bugging
Fr bro 💀
He fixed them u reject
If his great grandfather gave him those glasses then it makes sense.
But if your trying to save a couple bucks then quit being such a cheapskate.
Yeah sometimes u get so caught up and investing and trying to get so much money you develop a psychological issue kind of like mr crabs from sponge bob where u just can’t bring yourself to spend money
I rent several units and have never put up with property destruction of that level. Yeah college students don’t particularly maintain a property but that’s a big difference from actual damage. Crazy.
That is exactly right kenny!!
All those houses are party houses
Put em in collection
Yep he can put a judgement on them at least in America
@@dorenesmith8062 can't do that in Canada unfortunately 😒
The amount of time we spend believing we can't is more than enough time to learn how you can.
- my Brain
That's truth
Nice words 👌
For real it's true this could be the wisest word I've heard, you got my point
I just withdraw my profit and last too days before now. am glad I did my invest with them still reinvent and the trading is still going.
I we recommend anyone in need of a reliable broker to make money, Mrs Lucy Griffin has been the one trading for me
When I was a college student, I got two friends and rented a house. We took pristine care of that place for three years. I do not relate.
Delphi Michaels ur not a guy lol we’re slobs
The neatest roommate we had was a guy. Maybe just you’re a slob.
@@delphimichaels164 lol
Pristine dont mean extra holes in hallways are an improvement..
Frat houses are a bit different barbie
This guy owns the whole neighborhood
keyword there was "hood" 😒
I actually thought about this, and, given the current riot-rich environment, I wouldn't want to own an entire neighborhood. Good neighbors = more defenders. If you own the entire block, no one will be there to help with defense, especially not if your tenants are just a bunch of ultra-poors.
@@manictiger And speaking from experience coming from someone who grew up in the hood of Stockton California who now lives in Santa Clara California. I have been through both worlds. I can honestly tell you, a neighborhood full of "ultra poor's" has a greater bond like a family that will kill for one another versus people in these "good neighborhoods" which might call the police for you if your being robbed at gunpoint next door. I have discovered that people with less in life will protect more for what little they and the others around them do have, because sometimes that is all they have.
@@anthonywright5275
Well you and I had very different experiences. My experience was that ultra-poors will throw you under the bus the first chance they get. They'll literally burglarize your house while you're trying to recover in a mental hospital and they'll leave it in complete shambles, complete with cockroaches and throw up in the toilet. They'll scam you right in front of your face and act like they're you're friend. Nothing is ever their fault and it is always your fault, and they'll prove it by getting you evicted for things you didn't do.
No idea where the hell you found loyalty in the poor, but I found nothing but treachery and evil. I left that behind when I left that garbage state and I hope they all burn in the fires, and again in hell.
And the neighborhood right around the corner
Bro, this dude is a slum lord, lol.
I wouldn't say he's necessarily a slum lord, but he is definitely buying units in the slums and going for the basic and milking it. I understand not adding anything to college rentals but the primary ones should be way better-taken care of on the outside.
haha. his fucking smile.
Not a slum lord, a gentrifier.
@@Jeremy-lu3nx Either that or Michael Moore lied to all of us about the Canadian standard of living, lol.
And he's making money and a life for himself and helping people with housing while you're eating cheetos in your mom's basement commenting on youtube videos.
I swear "rich dad poor poor" out here saving people's life. Great book.
🙌🏼
😂
That book completely changed my life. I'm renting out what used to be my primary residence instead of selling my house when I moved. My mortgage is low and my interest rate is really low so I can raise the rent every year or two and increase my profit. So far my tenant is excellent. I'm looking to purchase another home to live in and if I move to a less expensive state, try to rent that second home out. My goal is to make my living doing this and retire early from my full-time job.
Yes, it is a good book
poor poor
I wish we could see a breakdown of what expenses come with this so we have the take-home amount
I guarantee you that the profit is only a about 1/3 if not less of that 63k+
@@mikalbrown3227 20k a month is still phenomenal
@@mikalbrown3227 i guarantee you that its gonna triple in 10-20-30 years.
This guy is probably taking 100% of security deposits. LOL
And even then, it probably doesn't cover the damage those students are doing. Such self-entitled behavior.
Unfortunately in Ontario Canada where this is from we aren’t allowed to charge security deposits. However you can ask for money for damages but it would be done in a civil court.
@@SpencerGatten no way! That's insane.
@@n8guy Yes it can make things quite difficult sometimes. Ontario has laws that heavily favour the tenants.
Holes in the wall r not expensive. The real costs toa homemaintenace r plumbing roofing and heating.
Much of the other stuff u can an old guy with basic handyman skills.
It's not how many "cool" places you own, that determine your return. It's the amount of tennants. This guy gets it.
Yup, he get's it :)
🤫
Don't tell them our secret.🤑
Also they type of properties he holds are individual houses in locations that are just about to develop. So in future he might make money on them.
He’s a very wise man
"Punched a hole in the wall so they could see people in the toilet" - Something tells me you grew up in a very different demographic. This is what you call a glory hole. It's not for eyes.
I smashed the like button like I smashed the nvm
Oh wowwwwww, didn’t even think like that. 🙈
L
That's Canadian bacon Gloryhole.
😂😂
As someone who lives in NY....these prices make me depressed😭.....230k is a gift lmaoo
London England is even worse. At least NJ is cheap, London doesn’t even have that
Honestly I met a guy who lived and worked out of New York and in the meantime he was expanding his real estate portfolio within the Texas, Colorado, and Florida markets. He was smart guy, because the market in NY and Cali are outrageously overpriced
@Graham Stephan lmao
Amazing! I love hearing stories like this. It's a boost to keep us going. Student renting not our thing but we're at 44 units for seniors in just a few years starting.
Wow Can you update me how everything’s going?
Thanks Graham! This was tons of fun! Appreciate taking the time to attend OREC and shoot this video.
You got it!! Thanks for giving the tour!
I've been waiting for this collab 👀👀 Matt is a legend
Great job Matt!
Thanks Matt
hahaha your response to the spray paint lol dying
l've noticed that people that are actually making moves are very frugal, humble and confident enough to share how to get there. Awesome content as usual!! you guys are pure Alpha!!
thanks so much!! agreed!
Real estate videos: *exists
Etoro ads: It's free real estate, literally
Wow, contact, beard, and haircut made a huge difference.
I mean he is counting the revenue, not telling the actual profit. He should be telling the expenses too like bills, repairs...etc.
pretty sure he still comes out good
Agreed, ive seen a lot that people spill the sauce, but not all of it.
(Sauce = how much, profit, how to) etc
Aw yea and he better show us how he sits on the toilet and brushes his teeth, show me the technique. Be thankful for what you get.
That's what all these people on RUclips do. Talk about the rent they get from properties, never about the expenses
Even if he makes a 20% profit, that's way more than what people make a month.
Don't Rent to A house full of KYLES
@@JeffWybo :(
Lol
Spoiler Alert: Their neighbor is a KAREN who complains to the manager.
Lmao
😂😂
I dont think he’s a slumlord. He makes repairs and has cleaners come in. He knows the homes are older and the neighborhood is different.
Geoffrey Mosher xD
Geoffrey Mosher ?? You do realize there needs to be places for poor people and college students to stay. The more he fixes it up, higher the rent. In a way, that would be gentrification.
Antoine Carey not a slumlord. The place has everything it needs. It doesn’t have to be a mansion and if it was, that would be wrong. That’s what I was saying.
@Antoine Carey Grow up 👨🦳
@@Wildlife_Chronicles facts
Before going into investment you should do a background check up on Your source,Ensure you are trading through a solid foundation source to avoid blowing money away
I have invested with rigid traders on here and lost,I’m still trading and learning a strategy to improve my techniques i just need a more solid source to earn other than RUclips
In all my years of trading and research the most valuable insight was getting in touch with pro trader Erin and getting my first profit through Her,she is a licensed broker reach her out she’ll help you earn
Erinsawtell1 @ g ma il,instagram Erinsawtell1
I too earn through Erin and i must say Having a seasoned account manager like her handling my trades is the best way to multiply money
@@Roastedpotato1441 research boy
He’s even renting out the shed 😂
😜
Looks like an Amish phone house rofl
Shed can bring in just as much as room if u find the right tenant..
Damn, this dude has got to stop renting to Kyle.
Kyles parents have the money to pay rent tho
Is a Kyle a canadian Chad?
Love seeing the hustle! I’m also a full time accountant rn and I’m trying to buy my first real estate investment this summer for my 24th bday. But I hope everyone keeps learning and eventually we’ll all be well off before retirement!
Did that work out for you
Can u interview him again in respect to how he dealt with pandemic issues
Stimulus check payment by tenants for sure .
Especially seeing as those renting in low income neighbourhoods are going to be the hardest hit, also, Airbnb demand has almost collapsed and now students who have to do their courses online are realising they don't need to spend money on accommodation near campus
@@ceal4046 that's right
Matt is such an awesome guy. He is always posting on really interesting topics too. No clue why he isn’t bigger on RUclips! Hope more people find him!
Agreed, he's definitely such a good source of info on real estate!
Thanks for the support! The last time Graham featured me I had a massive boost - and I think that was before he was at 100K. (Any lurkers reading this - I'd love a sub
this is basically the board game monopoly IRL...they choose the car, I prefer the silver Dog
Why that's pure Baltic Ave!
Hey I wanted the dog.
Dont make me take the shoe I'll kick the dog and run away with it 😛
I'll just take the hat cause I'm a fancy fella 😌
Na it's always the car
Which is why he recommended Rich Dad Poor Dad. Thats what the guy (billionaire?) learned from his rich dad vs his poor dad. Poor dad was a Ph.D who never did anything but be an employee. Rich dad was an entrepreneur who stacked properties and eventually sold a hotel in Hawaii for $1B.
"Graffiti remover," you can find it at a paint store.
It will take that spray paint off, no problem.
Even from a porous surface?
@@seneca983 No, on a brick wall like that it is very hard to remove
@@cathyandtheboys6984 I do property maintenance, have to fix this a lot. Soak it in graffiti remover and pressure wash it off. Usually takes a few tries but its relatively easy.
I would love to know out of his 60K+ he gets in rent a month, how much he keeps vs how much he pays for mortgages, property taxes, etc. I wanna know the returnnnnn
also add water bills, if something breaks, you ALWAY end up with that annoying tenant that wants paint jobs and whatnot, roof replacement every 15-20 years tho thats like 20k, water bill- landloard always pays, snow removal (depends where you live), yard work, stuff breaks ALL THE TIME, etc the profit start to decrease but he does make money like 40k or so.
@@Vera-dg3hf From ~30ish usd a year, maybe 16k a year you get to keep on a good year....
Same
@@Vera-dg3hf That's why you do rent to own. So the tenants are responsible for fixes.
Met with Matt on multiple occasions, he is such a strategic and focused individual. Such an inspiration to be around, he's the real deal no doubt about it.
2:34
Graham: “Why?”
Matt: “Because they’re students.”
Most honest statement I’ve heard.
Someone give this man an award! 👏🏻
hahaha
His answer should’ve been, “Because they’re assholes.”
I'm 14 and just finished rich dad poor dad and I already feel way smarter financially, looking to go into real estate when im older
same here good luck to you! look into investing as well
Good for you, rental property ownership is one of the best ways to establish financial freedom
You're a smart 14 year old, way ahead of the curve for your age. I wish i read rich dad poor dad at 14, it took me until i was 24 to realise the power of that book.
@@jackrichardson5009 I’m 16 and I really wanna read it
@@christianguerrero843 Download audible and use your free token to get it for free then cancel the subscription before 30 days and you won’t pay a penny for it.
Damage deposits not being returned to a LOT of tenants in properties in this video.
Gotta love how graham plus the LIKE button every time 😂😂
Hahaha thanks man!!
Lol
Looks like the Detroit of Canada
Phillip Messer that’s... pretty much what it is
Seriously
U can probably see Detroit from here, they r right next to eachother
Is this like Sarah Palin seeing Russia, because it's easily an hour or two away from the border.
These are way nicer than Detroit drive by 7 mile 😂
The rich stay rich by making productive moves like investing but personally I recommend you do a background check up on your source before investing, Ensure You are investing through a solid foundation source to avoid blowing money away
@Joe Sandyman letting Wilson handle my trades has been my best move trading,I don’t even trade i just invest and make good profit from the comfort of my home
This is the fakest conversation I have ever seen on RUclips. Who falls for this? lol
4:09 the way he wears the seat belt.
E Mendoza so the suit lasts longer
Proof you can get rich whether your tall or short ;)
Underrated comment😂😂
Such a great analysis of this video!
Cringe at this comment
@@jonasrominger3065 how
@@jonasrominger3065 is this real or fake
Used to work as accountant
Also: 3 bedrooms at 500 individually whatever it adds up to, you guys do the math
xDDDDD
It was 6 bedrooms at 550, and he said 3300
Yeah.. I was a little worried about his maths.. Is like if a literature major tells you "you do the shakespearing.."
Now you know why he quit lol
@@taranbarber5075 I see 😂😂😂
Graham you do not need to ask for the like button, the content and quality of your videos itself makes me click the like button. I have learnt a lot from you, keep up the work mate.
Finally a man with some bass in his voice.
He should rent the house to foreign asian students....dude ...they are so full of money....and they also kinda take care of your real estate pretty decently
He owns dumps. Nobody wants to live there
They tend to live in luxury apartments near campus and room up with others just like them.
Doubt foreign Asian students would live in that shithole. I go to UCSD and the Chinese kids drive the sickest cars, there’s no way they aren’t living in middle to high end apartments. This guy looks like he’s renting in Compton.
First and last, that's illegal. Thank me later
@@duallylicensed145 I'm not sure how you can prevent that if you are allowed to personally interview people
Graham is literally the only RUclipsr I listen to when he tells me to "smash that like button"
Smash that like button for Pewds too!
I'll smash anything Graham tells me to
@@TheOfficialEDC I really hope he sees this
He said , his like button, not yours ;)
Pieter Stedehouder what
Matt has the best deep voice, like warm butter on toast
I realized this guy is so polite when he is saying that they are students
Graham lets go meet this guy with 102 Tentants
Landlord: Finds out all the property damage
:O
Hahaha I had to laugh a little. I aspire to be like these two guys someday!
Graham, more of this! Would love a channel that traveled around interviewing real estate investors like myself, and hear their stories.
Try Ryan Serhant
London, Ontario, Canada. You know how people say "I'm going to town" well this is where I go when I say that. Weird seeing videos about people near me.
Real life monopoly - I love this one! Exactly what it is.
Gross income doesn't mean sh*t. Net figures or nothing!
Not necessarily because it means they are either paying into mortgage faster , could use money to get more properties etc for years amazon had 0 net profit bc they reinvested to grow there company
This guy could have set up a corporation and potentially write off a bunch of things, like mortgage interest, etc. Then retained earnings back into the corporation for re-investment. With so many things written off, taxable income could be quite low.
@@albertospizza20 it matters in terms of not having to work a 9-5 though which is the goal
dan tan what do you mean thatvis totally irrelevant to the original comment
@@albertospizza20 no. the gross doesnt take into account the expenses so you dont know how much you would have to reinvest and live off of. the goal of these housing units is to pay down your mortgages and have a positive cash flow. presumably for financial freedom and not work a 9-5. its not just about having a high net worth. its about lifestyle as well. thats what i meant.
Being a good friend involves loyalty, trust, camaraderie and, most importantly, smashing the like button on every Graham Stephan videos.
🙌🏼😜
I Appreciate you brother, such a inspiration for me to become a great and successful investor who is motivated to reach my full potential
I'm 17 near 18 and i figured out i wanna invest in real estate 2 hours ago.
I'm now going to apply for a part time job and start saving for near future down payments.
You genuinely inspired me cuz before this i had no clue what i wanted to do in life.
ps. what should i major in? because my parents thinks college is 100% necessary
LIL MB
Business management with electives in real estate, marketing and stocks/bonds.
Bro get the degree as back up lol
What did you major in?
All those asking what's is cash flow after all said and done , remember all the properties are going up in value and after 30 years he will have ton of money for retirement
No guarantee that properties will go up in value, just look at a place like Detroit. I want a good return on my investment and 3-5% on a house is a total joke when you can dump that cash into the stock market and get a better return for an average portfolio.
@@Longhorn_Legend It's 3-5% on the WHOLE BUILDING. You are only putting 20% of your own money in. Which means the appreciation return is on a 5X multiple due to leverage. For example, if a $100k house appreciates 3%, you make $3,000 even tho you only put in $20k.
Ask him now how is he doing with a massive houde market coming ...
@@Longhorn_Legend all these houses he showed have tripled in price canada is getting crazy expensive
Brendan Mace if you put only the 20% all the rent income is to pay the 80%, then after 15/20 or maybe 30 year you have your propriety full paid. But in this process you have a ton of expenses like propriety taxes renovation costs and unexpected costs. And then you will not know if your propriety will be worth +2%/yr matching with inflation. Put the case you have 1 milion, you could buy 4 house for 250k and rent it out at 50k/yr or you could put 1 milion as a down payment of 20% for 20 propriety and rent it out at 250k/yr, but all this money are needed to pay the 4.000.000 loan, it will need 16 years to reach 4 milion not including all other expenses so after 25yr maybe you will have all propriety paid and hoping to sell all of them at 5.000.000 milion+2%/yr. of course using lever bring you more profit but also more loses,
if the market depreciates you will not be able to pay out your loans and all the propriety will be for closure.
Matt Mackeever is definitely one of the best real estate channels out their! loaded with a lot of gold nuggets and gems. Great vid Graham
this was such a great switch up from the usual how-to videos. love a great vlog, especially on something i’m passionate about pursuing!
I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.
Prince of Brunei’s spent it all maybe he would have been among the rich if he invested his money
Another interesting presentation…. Elon Musk technological development is mind-blowing…
@@falkscholl8371 And he currently Invest in Cyptocurrency
No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.
Bitcoin is the future, investing in it now is the wisest thing to do now especially with the current rise
Lmao you looked so pissed every time you guys went to a new house
haha maybe I have a resting b!tch face
Haha - we had a real estate conference the day before - so we were def feeling the effects of a long weekend that monday morning
Matt McKeever This was a great video! Honestly really impressed you got bright future ahead of you!
This dude needs a management company for his properties
truth seeker management companies save asses
Did you watch the video? He said he does
most management companies are scammers
@Cropper He has a team. Team leaders often refer to the team instead of themselves.
many young landlords with a good heart and intentions try to do the right thing morally when they first start out,but as the years pass...money and power eventually win the day. property management and renting is truly the worst industry mankind has ever created...Money is the root of all evil especially in property ownership and renting. because you can never have enough as you grow your business on the backs of poor wage earners and the masses.
The whole time Grant looked a little disgusted😂
These videos give me butterflies and get me excited to keep shopping for more properties! I looove the hunt for new properties.
I live in Minnesota....dirt cheap living...I'm 50 and my country home and property have been paid off for 4 years. Now, I'm investing in physical silver!
Yea, i here theres a lot of werewolves in Minnesota
@@72swesomedude that's why it's so cheap. it's not safe
Dilemma - When you’re out of avocado toast and Graham is about to drop some wealth building wisdom.
Tough one. I'd pick avocado toast.
@@GrahamStephan Decisions...decisions.
@@JeffWybo I guess I could hit pause. Rather smash the "like" button.
@@JeffWybo Checked out your channel and just sub'd. Hopefully you can give mine a look and sub too.
David N. Waldrop, CFP® your white
Gotta say, as an european i really envy how easy it is to do this in north america. In my country you need to work a few years in your field to get paid more than 1.2k a month. Even in IT the avg salary is a bit less than 1.5k and seniors with 20+ years might get 2.5k per month.
Wow truly motivating and in brief👍👍👍👍👍👍👍👍👍dude most of the rich people don't tell their secrets but hatsoff to this guy👒
Hey dad! Jokes aside, you have really helped me on my way to becoming wealthy, you are really engaging with your audience too! Keep it up Graham :)
Ah thanks!
Love when my favorite motivational RUclipsrs know each other and link up like this! So dope!
You got it!
That's awesome! Thanks for the kind words
I applaud you both, keep up the grind!
INTERESTED IN HOW HE IS DOING DURING THESE CRAZY TIMES........
"Just because every year they would punch this wall"
"Why???"
"Because they're students?!!!!"
OMG!!!😂😂😂😂😂😂😂😂 just love this video thank you!
I think this video did it for me. That’s it, I’m definitely gonna start looking at a properties tonight and try to start taking action. I will purchase rich dad poor dad! Nothing but positivity!!!!
No to self: If I ever get into real-estate as owning property. Do not rent to students.
Nah. Kids in school have parents with money and they don't leave you high and dry.
Don't rent to friends and family is what you meant.
@@metzger5850 facts.
You do know there's a security deposit for a reason
Beloved Lover just charge the parents extra fees for any damages..
Who else can you charge by room and get exorbitant rates from?
Prices in London seem comically low when compared to Toronto..
It’s the difference in depreciation of currencies.
@@mylestee5769 That's London Ontario.. 2 hours from Toronto..
@@revaddict ohhh snap thought u meant England ahaha
insightful, interesting, enlightening and only 16 min long. Subscribed.
His net income around 4-15% from gross revenue after all monthly expenses/repair/vacancy.
His risks are interest rate increase, irregular repair (damaged property), clogged sewage, pest control (bedbugs/roaches/rats/etc), pipe burst, late payment 10%, default payments 2% rate, occupancy rate 60-80%, squatter, burglary (stealing copper pipe).
If you ever wonder why there is hyperinflation and lack of supply, this is why.
You should be researching banks and their 10% deposit requirements. It’s the bank lending that drive prices up. Banks lend, which drives higher real estate prices ... more debt chasing assets. Hes betting 30-60% depending on the unit. At the end of the day tenants pay for everything. Best investment if you know finance and run good property management.
Hey Graham what is his positive cash flow though after the mortgages?
Shanghai knight Clearly more than enough...I mean Graham makes livable money off only 6 properties. But I am still curious what his net positive cash flow is
@Shanghai knight So he makes 65k and has two employees... but he makes 100k. Did you fail math in the 2nd grade?
Bump. What is the net cash flow?
@@iiAR35ii 65k is monthly
seems lile avg circa 200k some are 125 some are 250 300k so 14x200 = 2.8m cost and corca 720k a yr in rent = 25% .. avg mortgage rates virca 3% or 6% if you include insurance + other costs so a sold 20% profit or 400k ish a yr in profit off just rents
"The homes are dumps" you have to remember, successful REI's only care about the numbers, not aesthetics.
Graham stephen you look like Elon Musk when he was younger holy 😂👌👌
No freakin way another Matt McKeever collab! The first vid you two did was how/why i subbed to both of you. Been watching you both ever since
ah thank so much!! yeah gotta do more like this!
@@GrahamStephan and we have to have an update video on the black spray paint
Matt and his channel are awesome! You guys together make for excellent content! Many thanks from NB Canada!
Thanks so much!!
Thanks Thomas! Appreciate the support!
This just proves that it's your attitude towards money that will make you rich🙂
Hi Graham, Matt’s actually a friend of mine. I figured this might be the best way to reach you.. 😁 I host one of Canada’s top real estate investing podcasts and was wondering if you might be interested in being a guest?
Graham, I loved this video, you took a good trip to Canada and asked good questions to this guy, again good video!
so happy it's helpful!
This was a great video!! Definite take away for anyone watching is the part about taking action. There needs to come a point when you start applying all of this knowledge, rather than just learning it! Make it now! 🥑🍞
agreed!
Analysis paralysis is a stage a lot of investor get stuck in for years. One of my biggest suggestions to those that find themselves there is - go out networking and start meeting people IRL that are doing what you want to do. Surround yourself with those people.
This single book changed millions of lives
Great video! He is interesting! I enjoyed watching!
Thanks for the feedback.....for more information *+1/6./1./.7../4./..6./..5./..5.../3../4../7*
W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅 🔅 🔅 🔅...
Welcome to London Ontario, meth capital of Canada.
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Oh probably doesn’t compare to Palmdale CA or helmet CA
Facts....like London is a crap show. I know because my friend goes to school there. Western.....
uytemn I was wondering why rent was so cheap n I thought it was a heroine problem out their
Albert B y didn’t u ask
I'd be really interested to see how he finances the properties or how many are paid off. Is it more common to pay off a property before moving on to the next one, or how does that normally work?
Same
I'm no expert but listening to them most say the same things and this is not advice but it usually only makes sense to them to pay off mortgages when they are getting ready to retire because as they are building wealth and buying rentals they sometimes remodel and build equity then they take the equity in and buy another rental and repeat the process to get more rentals to make more cash flow so no they typically don't pay off the mortgage before getting another. That is just what I understand.
Nice vid, but, no way would I pay these prices to live in these places,,,,
in London thats just how it is. Ontario has notoriously high rents in cities and places like Toronto or London these are cheap lol
If you lived in Ontario you would understand house like these in downtown Toronto would be over a million these houses are pretty cheap
@@shiaw.3294 Gotcha. I see the greed of money is strong north of me as well. I've often wondered what kind of jobs these people have to be able to afford a home like this. Cheers and GOD BLESS.
@@drowization Less to do with greed and more to do with foreign investment and concentration of economy.
Almost all of Canada's population and business is concentrated in Southern Ontario and British Columbia.
Why would a foreign country invest in a foreign company along with a concentration of that economy ? Money, money, money.... Greed of money is everywhere....
This sure will scare off at least 100 people from becoming future landlords
I just got 2 jobs and I will save 98% of my income towards real estate I really want to succeed in this field. Thanks graham!
Awesome!
Thanks I was wondering how do I start investing if I live in an increasingly expensive city/town?
invest outside the town .. somewhere cheaper, if that's a problem@@MikeyCasasola
What are your 2 jobs ?
@Alex you don't invest in your own home! You do not do that.
YESSS PART 2
LOVE YOUR CONTENT
Thank you!
Thanks Luis for the support!
Doubt kills more dreams than failure ever will.
lnvest in crypt today not tomorrow
Yeah, there is alot of sense in this.
Our doubts are traitors.
@@henrynoble7011 It's a good thing to doubt, but hurt when you doubt the right thing
@@JessicaRodriguez-bm7gq Doubt is an uncomfortable condition, but certainly it a ridiculous one. Lol
Crypt0 is the future, investing in it will be the wisest thing to do especially with the current rise.
one of my favorite videos, had to go back and watch it again for the 3rd time.
I discovered your channel this week, I'm about to finish all the videos on your channel, you became my favorite professional RUclipsr
Thanks for all the advice and inspiration, I wish we could replicate all your practices here in Mexico.
So happy you enjoy it all!
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I hear the numbers but what is this guy actually seeing a month after the dust settles. What is his positive cash flow?
Probably $5.
take out 13% off the total to non payers. 5% to eviction cost. 20% to remodels and he said he has 2 staff members so salary? Still is a lot of money and u don't have a 9 to 5.
If he bought the first house for $250k and makes 3300 a month in 6 years he would of paid off the first house. Since that would of been in 2016 (he said he bought it in 2010) then it's been pure profit (minus utilities and taxes) since then. I'm sure he also requires a security deposit to cover the damages every year.
@Enigma McC my younger brother has several rental properties, he doesn't really see any cash payout at the end. Of each month he breaks even. However he uses the equity in them to finance more properties. Just wondered if this guy did the same thing.
@@dlivengood59 So is your brothers game plan to eventually just sell those properties and cash out?
Very chill guy. He handles himself & situations very well.
Thank you! So inspirational☺️