Actually, buying with your significant other is less risky because you can establish a tenancy-in-common (TIC) to assign equity to each person, proportional to how much each person contributed to the down payment. It’s much less complicated if you split up.
Sounds charming. Pay $250k for a turd, spend $100k to fix it up, live in a dust storm area in the dessert with no air conditioning, and pay the highest income tax rate in the USA.
Engaging in an individual market option is a fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
When it comes to finance growth, it’s wrong to engage in a single option. I suggest diversifying into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger dividends and balance volatility.
”Do not lay your eggs in one basket.” I engage on various options (real estate, real assets, index/mutual funds, ETFs, annuities, lDOs and many others) with the aid of my finance pro, and so far have acquired so much (amount is confidentiaI)
I do a lot of driving all over the country and I regularly look at old dilapidated houses and think "this was someone's brand new pride and joy at one time and they showed all their friends and family"
Is the land in this area full ownership? A lot of places in Palm Springs are built out on native land which is leased and eventually the land rights expire. That would help explain the low price as well.
Remember that famous scene from The Wolf of Wall Street where Jordan sells a few penny stocks for a company called Aerotyne? Those founders lived in this house that's on the thumbnail.
I'm not sure what this is supposed to mean. Google it. It is a terrible idea to buy a house with someone you are not married to. It's not just my opinion.
Maybe....but today a LOT of couples are skipping marriage, while still being committed. I'd hope she considered the potential for a split when they wrote up the contracts. FWIW, even if you're married, buying a house with someone else can become a problem if one decides they want out.
Wait.. so she didn’t buy it? I’m a real estate agent, I could make a TON of videos about houses I look at that I don’t buy 😂 …I’m missing out. A very clever way to make content. I respect the hustle.
I'd be looking at the wiring, perfect time while it's unoccupied and there's no appliances in the way. Mind you, I would only consider such a small one for my own use.
House poor people own those homes. People who can only afford to pay mortgage and taxes but not afford maintenance. Elderly especially can end up there as the taxes continue to rise but they have fixed incomes based off of the pay they once had. They get to old to do much work themselves and tradesmen dont work cheap.
I like what you did with this video but I have to say, I really liked your video about the couple that started the luxury pet hotel. I would love to see more videos like that. Thanks, Graham…first time commenter, long time viewer.
We live in tucson az and 220,000 would get you a run down condo or manufactured home. Ranch style starter homes go for 400k here in not so nice neighborhoods.
jeezus fack man i did my time in Tucson, its just purgatory waiting room for college kids and military folks waiting to graduate or get to their next duty station. WHy would anyone pay more that 100k to live in that shiethole
Better question is who is going to rent it or what is the STR scene. Flipping is a job and not real estate investing! These people who come in an pay contractors in California to redo a house like this will never make decent money! People get so optimistic looking at comps and such. You have to look at the worst case scenario. She was way too optimistic with her comp.
He’s starting to sound like he’s hating on Monica. The years go by and he doesn’t have any good content he needs to rank in an incredible business woman that has better success than him.
I understand the appeal of being near the beach or mountains and why people pay a premium for that. What I don’t get is paying a premium to be in the sweltering desert. If the heat wasn't enough, you can't go outside because of the wind! To each their own.
Here's what I love. I lived in Mojave desert for 32 years. Loved the weather. I didn't mind the wind or heat. The landscape is very open and I like that is dry. I rarely had any pests, no mold and had a nice bit a property. I don't like all the pavement and do not like snow a few inches once every few years is tolerable. Once I finish school, I'm selling the house and moving back. I know where homes are nice and affordable.
This is interesting. Homes like this are so inexpensive because you're IN PALM SPRINGS, ONE OF THE HOTTEST LEAST HOSPITABLE PLACES IN THE UNITED STATES.
I paid $14,000 for a property in Macon, and then 6500 to tear it down. Construction costs are too much right now and the stock market isn't helping. So it just improved the look of the neighborhood and more abandoned homes in the area have since been removed as well. If you can work remote and aren't racist, you can find plenty of affordable homes. You then have to not put all your money into the house and instead invest outside of it and spend your money in the community. Frequent local businesses with your money. Start a business with your money. Gentrification is what dumb people do when they think their house is the only way to build wealth.
Can u make a video going over the landa app . It's investing in real estate but u can do it with shares . And u supposedly get monthly payouts if the property is being rented out
I think Americans think of houses like it’s some stocks rather than an actual place to live in. I guess the European mentality in me just can’t make sense of it.
I like your reactions, Graham. You seem like a smart fella when it comes to finances. If I need any advice how to budget my $3100 a month, I'll ask you first. lol
I assume she bought an already done house (ugggh) due to tax deviations and she will live in that one for a while. She flipped that other house for a better house in the same location by her family? Has to be about taxes since she sold/didnt sell her other one. Eyeroll
Hi graham 👋😊
Notification gang! How's it going!
Good! I gotta come be on the podcast soon!
@MonicaChurch I would love to see you on the podcast again 😄
Realtor: "a new septic? a new room? a new HVAC? That's not too bad. It's just like $40k, no big deal?"
@@MonicaChurchI would love to see you on the podcast!🎉
Don't remove the trees unless they could cause damage to the home. Trees would give shade and reduce wind.
Agreed!
The trees would have to be 20-30 feet away from the house, expecially in California where there’s earthquake all the time
No, trees are a fire hazard. 20-30 feet away is better.
And breathing. You need trees for that.
He can do whatever he wants!
There's already risks involved when buying a house with your spouse. However, buying a house with a boyfriend or girlfriend is just outrageous.
So true I had to replay that part just to make sure I heard “buying a house with my bf” lol
Actually, buying with your significant other is less risky because you can establish a tenancy-in-common (TIC) to assign equity to each person, proportional to how much each person contributed to the down payment. It’s much less complicated if you split up.
Sounds charming. Pay $250k for a turd, spend $100k to fix it up, live in a dust storm area in the dessert with no air conditioning, and pay the highest income tax rate in the USA.
Astute
lmao the 40% tax is really the cherry on top
Pain is pleasure I guess.. 😢
I’m also a sucker for trees. I don’t understand people who cut down trees for frivolous reasons.
Live in palm springs area… theres a reason it’s called windy pointe. ITS ALWAYS WINDY THERE. Wind gets extreme being so close to the mountains too.
Engaging in an individual market option is a fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
can you explain in full on the market options you’re into, i’m curious•
When it comes to finance growth, it’s wrong to engage in a single option. I suggest diversifying into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger dividends and balance volatility.
”Do not lay your eggs in one basket.” I engage on various options (real estate, real assets, index/mutual funds, ETFs, annuities, lDOs and many others) with the aid of my finance pro, and so far have acquired so much (amount is confidentiaI)
sear ch the full name below, if you care
IsabeIIe ChIoe Scott
Right now the DEX has a huge glitch
\
If you are swapping you are getting like x 7 I done a video
I do a lot of driving all over the country and I regularly look at old dilapidated houses and think "this was someone's brand new pride and joy at one time and they showed all their friends and family"
That condition happens when the family owes back taxes or the relatives live out of town and are only willing to share the prop taxes
Good luck with the heat around 115 degrees during summertime was living in Indio had to come back to Los Angeles it’s crazy out there
Is the land in this area full ownership? A lot of places in Palm Springs are built out on native land which is leased and eventually the land rights expire. That would help explain the low price as well.
People have no idea what it takes to build a house in California with all the building regs! Would need to look into codes, etc...
When the market goes into recession, Graham will be like a kid in a candy store. It’s gonna be 2008 all over again, and he’s cleaning up for sure.
If he’s not underwater and drowning
She bought a house with her "boyfriend." Yikes that sounds like such a terrible idea.
...wall units is thing of the past, mini splits is way to go now...
Remember that famous scene from The Wolf of Wall Street where Jordan sells a few penny stocks for a company called Aerotyne? Those founders lived in this house that's on the thumbnail.
The risk of the empty lot in California is that a water rights permit is far from guaranteed
The seller and the listing agent punching the air right now after seeing this video, Graham saying I think it’s only worth 400k 😂
Best I can do is tree fitty 😅
If you like crappy air quality and blazing hot temps then the CA, NV, or AZ desert is for you.
there are hundreds fi houses littering the desert out towards Yemo/Barstow that can be bought for back taxes.
That's my biggest fear
It's people like this raising houses. Buy over priced junk homes
You dropped science with that air currents thing. So great! Thank you.
The wind there is terrible. It will blow hard enough to pick up rocks off the mountain and slam them down on you.
Wait she bought a house with her boyfriend? That's a terrible idea. How can anyone take this woman serious after she made this horrible mistake?
Its not like your dating life
I'm not sure what this is supposed to mean. Google it. It is a terrible idea to buy a house with someone you are not married to. It's not just my opinion.
Maybe....but today a LOT of couples are skipping marriage, while still being committed. I'd hope she considered the potential for a split when they wrote up the contracts. FWIW, even if you're married, buying a house with someone else can become a problem if one decides they want out.
That's not even the cheapest house in California. You can get a mobile home somewhere like Barstow for under $100k.
There's 30k homes in trona
hope life is well graham 🙏
You too!
Wait.. so she didn’t buy it? I’m a real estate agent, I could make a TON of videos about houses I look at that I don’t buy 😂 …I’m missing out. A very clever way to make content. I respect the hustle.
Graham in a bad mood just hating the whole time about everything😂
Houses get run down when the heirs are fighting, if things are bitter it can take years.
Palm Springs gets so freaking hot.
Same with Vegas! But throughout the year, it also has some REALLY nice weather!
I think we are in the mist of a bubble pop and the housing market is going to crash hard.
There's a windy area of Palm Springs that no one wants to live in.
I wonder of a place called windy point ever gets windy lol
First time graham late in the reaction! This video was published a while ago! Gotta catch up fast graham! 😂😂😂
It was! I saw this a couple years ago at least!
Thanks for saying the normal welcome back to the Graham Stephen show.!!!!! Appreciate you
I agree about the trees, Graham
I'd be looking at the wiring, perfect time while it's unoccupied and there's no appliances in the way. Mind you, I would only consider such a small one for my own use.
Rich people crack me up! How does a house get like that??? Because there broke and can’t afford the upgrade and upkeep!
I was waiting for Graham to comment on the “buying a house with my boyfriend”
WWDRD
numbers.... don't number anymore 😂 and we are not at the peak yet
Here, that house would need to be relocated.
You have to build a property in North Dakota. It's the best place to live in this country.
House poor people own those homes. People who can only afford to pay mortgage and taxes but not afford maintenance. Elderly especially can end up there as the taxes continue to rise but they have fixed incomes based off of the pay they once had. They get to old to do much work themselves and tradesmen dont work cheap.
Wow I like this Graham Stand up , what’s with his face all puffy??😂
A pool may not be an option if this house is on a well.. or is it city water?
Yeah, Trona, Ca says hold my beer.
scary!!! looks like landslide prone area
I like what you did with this video but I have to say, I really liked your video about the couple that started the luxury pet hotel. I would love to see more videos like that. Thanks, Graham…first time commenter, long time viewer.
First two minutes had me cackling 🤣
Wind Turbines everywhere
We live in tucson az and 220,000 would get you a run down condo or manufactured home. Ranch style starter homes go for 400k here in not so nice neighborhoods.
jeezus fack man i did my time in Tucson, its just purgatory waiting room for college kids and military folks waiting to graduate or get to their next duty station. WHy would anyone pay more that 100k to live in that shiethole
I’d install a few windmill generators
“To avoid air being blown on them” gram I don’t think you understand how much natural disaster the Santa Anna winds have caused
Better question is who is going to rent it or what is the STR scene. Flipping is a job and not real estate investing! These people who come in an pay contractors in California to redo a house like this will never make decent money! People get so optimistic looking at comps and such. You have to look at the worst case scenario. She was way too optimistic with her comp.
Those mountains are so ugly. I’m from so CA.
swamp cooler not AC. Probably window unit in main living area
I hate the desert! No matter the price, I am not moving there.
IS this THE ONE? lol. I like a few of the homes shown but is this area also joked about by "PalmSpringians" as "Dogpatch?" I hope not
I’d rather airbnb it since it’s close to Palm Springs lol probably turn it into a duplex
He’s starting to sound like he’s hating on Monica. The years go by and he doesn’t have any good content he needs to rank in an incredible business woman that has better success than him.
I understand the appeal of being near the beach or mountains and why people pay a premium for that. What I don’t get is paying a premium to be in the sweltering desert. If the heat wasn't enough, you can't go outside because of the wind! To each their own.
Here's what I love. I lived in Mojave desert for 32 years. Loved the weather. I didn't mind the wind or heat. The landscape is very open and I like that is dry. I rarely had any pests, no mold and had a nice bit a property. I don't like all the pavement and do not like snow a few inches once every few years is tolerable. Once I finish school, I'm selling the house and moving back. I know where homes are nice and affordable.
Palm Springs is way better then where you own your home in Vegas
Does it have a swamp cooler? I’m not surprised it if does he use I. Used to live in Ridgecrest which was also windy and in a desert.
Remember when you would of said put lvp down, buy scratch and dent appliances, paint and rent it? I remember graham, I remember…
Graham keeps declaring that there will not be a real estate crash and his confidence is comforting
Palm Springs has a hotter than hell climate.
Los Angeles CA is the place to live. Property values will never take a big hit, like other Red States
Your thumbnail game is next level
400K for a 1,400 sqft home? LMAO
$229,000 will get you nothing worth owning in Denver metro
They fixed it quick
This is interesting. Homes like this are so inexpensive because you're IN PALM SPRINGS, ONE OF THE HOTTEST LEAST HOSPITABLE PLACES IN THE UNITED STATES.
Monica Church….say no more. These girls are great.
That's definitely a fixer upper lol
Great Content
The iMovie comment was so random 😂
5:01 lololol we’re criticizing an imovie edit now?
I paid $14,000 for a property in Macon, and then 6500 to tear it down. Construction costs are too much right now and the stock market isn't helping. So it just improved the look of the neighborhood and more abandoned homes in the area have since been removed as well.
If you can work remote and aren't racist, you can find plenty of affordable homes. You then have to not put all your money into the house and instead invest outside of it and spend your money in the community. Frequent local businesses with your money. Start a business with your money.
Gentrification is what dumb people do when they think their house is the only way to build wealth.
02:15 blue ocean strat. I am curious about the ratio trash vs blue ocean
Can u make a video going over the landa app . It's investing in real estate but u can do it with shares . And u supposedly get monthly payouts if the property is being rented out
I think Americans think of houses like it’s some stocks rather than an actual place to live in. I guess the European mentality in me just can’t make sense of it.
“Heheh 420” 🤣😂
I don’t know what up with Joshua tree but a lots of hipsters are moving there
I feel like the minimum bar for a "house" for the purposes of this experiment, should at least be something that will pass an FHA/VA inspection.
Then it wouldn't be a fixer upper nor a "cheapest house in California".
I wouldn't spend $22,000 on that property let alone $229k. lmao. To much work and I don't need money that bad.
You've gotta do the work yourself!! Please don't treat home renovation as a trip to forever 21. Any and all light labor you do yourself!
Don’t buy a house with a girlfriend unless married
I like your reactions, Graham. You seem like a smart fella when it comes to finances. If I need any advice how to budget my $3100 a month, I'll ask you first. lol
To the point of it being windy there, just to the north of this house is a massive wind farm, with 3200 wind mills.
Agent offering 3.5% to selling agent.
can't believe they're modeling cities after the gta5 map
I assume she bought an already done house (ugggh) due to tax deviations and she will live in that one for a while.
She flipped that other house for a better house in the same location by her family?
Has to be about taxes since she sold/didnt sell her other one. Eyeroll
229 will not get you a home in any other part of the country 😂😂😂😂
Leave the trees but trim them..
My first thought is it’s very haunted 😂
Still liking. Finally decided to sell Al my stocks and pay off my credit debt. It feels good to not have that debt anymore.
Congratulations! What return did you wind up making?
I figured it was 22k because there was no water and no way to get water.
Great video
Buy it for 60k put a Blockable home down 50k. 110k all in to live in Cali.