My husband and I invest on his platform. The very first time we tried, we invested $1000 and after a week. He paid us $4500. That really helped us a lot
From my limited experience with wealthy people and extremely wealthy people, that’s how it always is. Wealthy people dress up, extremely wealthy people dress down (again, in my experience)
Looks like he was being respectful for a potential mentor and a Bbbillionaire as a millennial. Time is money to someone like Kevin.. I think it was a pretty good move.
Lost $1000 trading with an unprofessional trader but I was introduced to Mr Frederick to help me recover and make some profits which he did, that's so impressive of him.
Wow. You guys trade with expert Mr Frederick too? He's been my account manager and broker for a while now he's really good at making profits for his clients.
I invested £3,600 with Mr Frederick after I met him at a conference in London he made me a profit of £14,890 in just 7 - 14 days of trading with him and that made me Invest more
Does anyone realize how amazing it is we get to listen to a conversation like this for free? People would have paid big 10-15 years ago for this sort of information and wisdom.
As for me, trading has been so profitable because I was guided by a pro trader known as Mr Raini.with his working strategy / daily signals which turns out to be one of the best out there.During my first week i was able to make $18,000 in just one ☝️ week why don’t you reach him out
it took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $650K, despite inflation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
I looked up her name and found her website. Her credentials are really great with good reviews. Thanks for sharing! I've already reached out to her via email.
How you know you've made it: Kevin O'Leary asks you if you have $3MM in reserves to cover your leverage and you are able to casually respond with "yes" (while wearing his suit)
Love this side of Kevin O'leary - Goes to show he's a lot nicer than what he makes himself out to be. Awesome content Graham well deserved! Look like Graham is going to be investing in art, commercial properties, and some pre ipo start ups.
When Kevin asked graham why he didn’t raise rents... I get making as much money as you can is a core principle in the world of finance, but Graham’s wisdom of wanting long term tenants is one of the many reasons why I follow the dude
Yeah I was really shocked at how surprised Kevin was that Graham doesn't raise rents. If it was me being asked why I would raise rents I'd just reply with "because I'm not an asshole".
If i bought houses I would be the same way keep lent below market value rent of the area by 2 to 5% and have long term good tenants instead of new tenants every year.
My mother rents houses. One thing I've heard from her more than anything is about bad tenants. She rents one of her houses out to this couple for the same price now for some 10 years just because they're good tenants. Bad tenants make you have to go in and renovate to a certain extent. Torn up carpet, holes in walls, etc. Nightmare.
@@digitalconsciousness I can definitely see that. At that point though I'd just put something in the contract they sign when they rent the house that if they are really bad with the place they get evicted.
@@sevencolours5014 If you raise it so that it complies with inflation then that's fine, 1 to 1.5% a year is roughly the rate of inflation anyways. But the property managers where I live for example raise it over 10% per year.
Graham, I don't think I've ever commented on your channel, but I HAVE to say how impressed and heartened I was by hearing you say you don't raise rents. ❤️ Thank you on behalf of your tenants for being such a kind and generous property owner! Wish there were more like you!
I've been watching this stuff since I was 16, 21 now and in still pathetic lol net worth is only a little over 50k, but also just graduated college which was tough to save/invest
I invested £3,600 with Mr Derrick after I met him at a conference in London he made me a profit of £14,890 in just 7 - 14 days of trading with him and that made me Invest more
Bitcoin and Forex trading is easier when you have the strategies and knowledge I tried trading on my own but loss totally. I advise you place your trade under an expert who knows how to trade and been in they business for some years
Having Kevin on the channel is really awesome. You are definitely an inspiring man Graham. I hope you are a good person as well and that you keep prospering. 👍
I love how this is an actual conversation between these two men... Kevin is taking his time to look at the portfolio and make remarks, Graham is listening intently and giving his own explanations too. Love it!!!
LitBurn 487 How, though? Unless he decides to continue to hold 3M i.e. 30% of his portfolio in cash at all times. That would not make sense because the point in using low interest rate leverage is to allow you to grow your capital at a higher rate and pocket the spread. So, it wouldn’t make sense to borrow at x % when you’re always going to keep equivalent cash losing value @~2% thru inflation. I feel like this point could have used a little more discussion. After getting laid off from my very first proper job out of college with all of the debt in front of me, it has had enough of a psychological impact on me to not be able to use debt to grow. So, I’m more with Kevin on this but I am aware the folly in my thinking as I look back at how this mindset has held me back. So, I was hoping to learn from them as to how they go about sustainably managing debt during downturns. I have some ideas of my own but learning from their experience would have been a great opportunity. I think it’s a tough needle to thread.
shreetron the cost goes down each month as his tenants pay down the debt so overtime unless he keeps buying hyper expensive real estate he will not need the 30% in cash. That was Kevin’s point about your proteins paying for your pastas.
Zach M sorry but you’re missing the point. If he is lowering his debt over time (thru whatever means), he’s no longer in the same leveraged position. In other words, taking it to an extreme, once he’s paid off everything, he’s zero loans I.e. he’d have zero obligations, which was Kevin’s original point. I get that bit. What I’m specifically looking has to do with a leveraged position, not over-leveraged, just leveraged. I wanted to understand their perspective on how they’d go about sustaining a leveraged position long term. And maintaining an equivalent amount of cash position, which was Graham’s answer to Kevin’s question, is not a sensible solution.
Property taxes usually go up annually esp if home value rises as his all did (can be by a lot). Also home insurance and maint in terms of cost of goods (items to be replaced or trade fees ie plumbers, elections etc) and for condos HOA fees incr annually incl large lump sum fees for special reassessments on owners and there’s no control or cap on them.
@@penguin12902 you gotta understand that as a landlord the rent is often your income. Eventhough rent doesnt increase, everything else that you purchase will increase with inflation. Its not greed its simple economics.
Lol ,That's the Bigger boss attitude .The video reminds me of a year when I was so broke that I could barely pay my bills. I remember the most important step in my life when I invested my last income with an experienced Forex trader who was recommended to me by a friend. It may seem a bit, but it took courage to know that investing was the right thing to do at the time. Today my small investment of just $ 300 generated over $ 150,000,After I kept Investing and reinvesting. To be successful, you must take a big step. It all starts here.
@@klaus1618 I had a similar experience to yours. My investment in forex trading saved me from financial burdens after losing my job. Forex trading is very profitable when you have a good Forex trader.
@@mikeschafer4440 the video summarized it quite well, but basically the way I understand it is that if you buy a duplex let’s say for 200k, put 20% down (40k) loan is 160k, rent income for both units is 1600 a month and your mortgage is $600 (40k interest, 200k total mortgage, not sure too much on his interest works) net income is 1000, the owner of the duplex would not live a luxurious lifestyle, instead save and wait until he feels safe enough to be out of the existing debt, which is the 200k mortgage including interest. Which is why Kevin later mentioned that once the duplex is paid off then the owner would be able to eat steak because it is now debt free and the owner doesn’t have to worry about real estate crashing because he paid it off and is now profiting $1600 a month off rent. Also, Kevin mentions that the stresses of the debt (200k) in this instance can make the owner bankrupt in case of market crash, which is why the owner Eats “pasta” in his analogy. Also which is why Kevin also said to take on debt you’ll be able to get out of, hence him asking graham if he had 3 million dollars available to pay off all his debt in case of crash so he doesn’t go bankrupt. Hope this helped, I’m just stating my thoughts, anyone is free to correct if I may have said something wrong, thanks.
I know that it was an analogy to mean cutting back where possible, but for those who might take it literal: eating only pasta is not necessary to save...
I love how he just says, "Yeah, I get it." when graham is talking about selling his car to buy his second home. Kevin has such a boss billionaire mentality, doesn't waste time and he doesn't mess around!
I fully agree with Kevin on that. I got so many house calls and margin calls when I was poor and struggling to trade properly. Crap messes you up in so many ways. 1. It makes you sell at the bottom. 2. It makes it so you can't buy any at the bottom. 3. It adds extreme levels of anxiety you just don't need. 4. Against a market that likes eating noobs for breakfast and spitting out their bones.
So he says never put more than 20% of your savings into one specific investment/sector (stocks, realestate, bank account, etc) what are a list of different sectors to put money into to stay diversified?
Hey Chris, you're a legend! Bonds or other fixed interest assets are an important sector because of how safe they are. Some other examples are commodities and financial derivatives such as futures and options, although most people wouldn't really have high investments in those. I wouldn't take his 20% rule too seriously though, as even he said that more than 30% of his assets are cash.
@@btn1 he said 30% of his networth is in cash. the 20% was regarding investments. so 70% of his networth is in investments and of that he'll try have no more than 20% of his invested captial in any one asset and no more than 5% in any one stock option
Market crashes are an opportune time to protect capital in the sense that one can gain years of growth from the bottom of a crash in a matter of months. this last crash provided over a decade of growth in majority of stock. Always be ready to jump at these opportunities.
Financial education should be taught in every level of school but because of the misplaced priority we have in the system, those that don't know are suffering it.
When the recording stopped, Kevin asked to be paid for his endorsement 'smash the like button and subscribe', Graham then went into detailed analysis of a negotiated amount based on the youtube algorithm and how many people smashed the like button. Kevin responded with a base dividend amount per like over the course of the next 30 years.
It's a very smart move. Vacancy's can be thousands of dollars lost, versus hundreds gained, not to mention eventually ending up with a crappy tenant. If it ain't broke, don't fix it"
Kevin O'Leary mentorship. He definitely didn't seem like the Shark on his show. I can now see why he's called Mr. Wonderful and on episodes why people prefer to work with him
Good episode. Although I think him being at a later stage in life gives him a more conservative outlook than someone in the wealth building phase. But good advise nonetheless
Nothing wrong with raising rents. Taxes go up, insurance goes up, overall cost of property goes up as time goes on. Graham making a mistake by not at least trying to keep up with market rates.
"I actually have more than 30% in cash"- Kevin How I understood this is that investors are not buying in todays market and are waiting patiently for the bubble to pop.
It’s also election time, coronavirus fears, plus the stock market is currently pulling back.. this guy is way richer than we could even hope to become, No reason to waste money lol
@@is300vids He didn't come from rags to riches though, literally shows in the video that he bought $291k (in cash) worth of real estate/renovations in 2012 at the age of 21 without even having credit. There's no way a 21 year old had earned that much free capital starting from nothing, he was far from poor.
Can you imagine a public figure you look up to saying you've done a good job with your investments, 8 years later when you finally meet. That must feel amazing!
Kevin's greatest attribute is honesty. It's hard to find somebody that will tell you what you are doing wrong when you appear to be doing everything right.
Kevin has so much money that his sense of scale far exceeds what ours is. That meaning he doesn't need to compete with us so he can freely give advice as 99% of us won't even get close to stepping on his toes financially and it also helps to build his image. There's more profit in him helping smaller investors than it is to give them poor advice.
I Love how clean and honest this interview is. Graham taking criticism on his portfolio and gaining some wisdom that people pay money for. It definitely has so many gems of wisdom we all can pull from.
Graham: I'm not going to geek out and be a fanboy. 15 seconds later Graham: Hey, remember that time when you were at the place and I saw you and got a picture with you??? That was awesome.
Omg I love the background song is Clair the lune debussy ... kevin actually besides all the wealth that he made throughout the years sounds really humble ...way to go
@@tungstenrat3994 u know Graham either already had it for businesses meeting or he rented it or bought it for cheap Graham ain't about to buy an expensive suit just for 1 video.
I mean, TECHNICALLY, I raise rents to keep up with rent control - BUT, I give a credit back for timely payments so their actual out of pocket doesn't go up. That way, they pay the same - I increase the rent control limits every year so I'm not left behind - and everyone wins.
This is a really smart move on Graham's part, especially since it looks like all his real estate properties look like family dwellings. My parents do the same thing with all their properties. This makes it so it is much easier to find good tenants that are generally there for the long-term and will take decent care of the property while they live there. A lot of times, the previous tenants will find new tenants for you when they move out and pass the lease on to someone they know so that you don't even have to do much legwork. By doing this, you'll never have to worry about months in between renters where you're basically losing 2-3k in rental income.
I like his thinking. He prefers long term reliable income over the stress of nickel and diming people and the hassle of always finding new tenants. Would you take a small financial hit to avoid significantly more stress and be able to focus on other things? I would
It's crazy to know how big Graham's channel and himself has grown, first he started recording with his iPhone in an open house, fast forward a few years, to meeting Kevin O'Leary! Way to go Graham, ur such an inspiration ❤❤
@@GrahamStephan I agree with this statement. I feel you are and have been very wise with your money / investments. Real estate is a great place to invest. People always have to have a place to live. Starting out with the cash to purchase these investments, that you saved for years... putting off gratification in this instant gratification world. That says so much about your character and your determination. kudos!
I'm surprised that he's as conservative as he is with investments. Maybe it's him having so many more years under his belt and knowing there's still a lot of time to do things. There's no need to rush as hard as we sometimes want. I don't know, just thinking out loud :)
You have to understand he probably got completely ransacked by the 2008 crash whereas Graham was only exposed to the positive aftermath of that (dirt cheap cash deals)
OMG Graham--the transparency on your entire portofolio is mindblowing; the nuggets of financial wisdom from Kevin is priceless--we're watching the young titan vs the seasoned titan--love it! I just need to replicate this now LOL
Billionaires acknowledge the sacrifice necessary to achieve what they've achieved. They aren't surprised by it and they aren't blind to it. To them it's the norm that you had to work 15 hours a day to build yourself up to millionaire status and it's the norm that you had to sell your car to get money for an investment.
@@brunomatassini9879 sacrifice such as somehow having enough cash on hand to buy hundreds of thousands of dollars of real estate at age 21... hmm everyone could totally do this
@@brunomatassini9879 there are plenty of people who do/have done that that are not now millionaires. he was smart and got rich off his investments - but the main separator from him and other people was having the cash on hand to invest at that level, not that he's a harder worker than anyone else.
@@tonykirk8295 Highly disagree, if it were easy everyone would be a millionaire. Having the money to invest isn't the hard part especially if you're working since 16 and not blowing your money on college. I made 10,000 in 3 months working a regular 40 hour job with overtime every once in a while at age 18. Imagine if I had started at 16 and kept the job until 21. Not sure why the "cash on hand" part is what's so difficult for you to grasp when it's actually the simplest aspect of how he started off.
I like how Graham listens and accepts criticism so willingly. He probably already knows a lot of what Kevin is tell him but he is humble enough to listen. Not many people are like that.
Matthew Jones true but that doesn’t happen overnight. It takes time and based on where we’re at in the cycle is when you get in or out. Commercial and biz opportunities are def going to be coming on discount in the near future with everything going on to hit commercial product and burnt out or negligent biz owners IMO
Raising rents means that he can cover inflation but on the other hand not raising rents means he can be super competitive in the marketplace. It can also lower vacant properties on his portfolio. Nothing worse than a property sitting empty as it can form damp and rodent issues.
@@bighands69 yes not only is he getting money from rent, but he is also getting free maintenance on the property. I'm sure that's hundreds a month of maintenance. And like he mentioned the longest someone has stayed is 7 or 8 years so he may loose some money after that many years but the average person only stays around 2 probably
@@rileyesmay, he's not losing money. The mortgage payment (P&I) is a fixed monthly price and that will always stay below rent. The taxes and insurance will grow and those SHOULD always stay within the rent payment, but even if they don't, he still comes out ahead. Sure, he might have to spend a little out of pocket every month to cover, but that's a full month of ownership where someone else paid the principle and interest toward equity for HIS ownership.
@@bighands69 It seems to me that generally "rent control" and other such practices, while sounding nice and fluffy, really are the kind of thing that could collapse the entire market if they were widespread enough.
@@bighands69, very well said. A monthly mortgage payment (on a 30 year fixed loan) is almost always cheaper than rent would be on the same property. But the big benefit is the equity gain. Could you buy a cash house for dirt cheap and then buy a bigger one down the road when you've saved up for it? Sure. But that adds a big layer of risk over buying a modest house at a good price, and at a good interest rate, and just staying in it.
@Kristof Alexy If there is hyper-inflation, don't expect stocks or bonds to protect your wealth. If it happens, the only thing that can are real assets, of which real estate is just one example. And the operative word there was 'can', not 'will'. But there won't be hyper-inflation. It isn't caused by printing a lot of money, that has never happened. Not in Egypt, Rome, France, or Weimar. Hyper-inflation is caused by a nation losing a war, having massive losses of productive capacity, and governments being forced to take out large foreign debts denotated in currencies they don't control. And it has to happen in that order. As long as the federal debt is denotated in >90% Dollars (I believe it is 100% right now), there will be no more than 5% annual inflation.
@@rightwingsafetysquad9872, you're absolutely right about inflation risk. If you borrow 100k at 3.5% interest (like a mortgage), and inflation hits above 3.5% at any time in the next 30 years, you're literally making money in the form of equity just by spending someone else's money.
I must say I find Kevin O'Leary a lot more enjoyable and understanding in this casual mentor-student type of conversation. He has quite a lot of expertise, but he just seems like a nicer person this way. I guess he respects Graham being self-made. And it's probably true what he says: a lot of rich self-made people that eventually get bankrupt do so because of underestimating debt. Even though their investments were smart, there's always a small chance that you have to pay off all of your loans in a down cycle but don't have the liquidity to do so.
"That's the biggest mistake you can make in your life is to worry about taxes. The fact that you need to worry about taxes is a wonderful thing. It mean you're making money."
Margin in stocks I never understand until right now. I have watched this video over 10times from Australia. I'm 36years old my wife is 50 and we have improved our live diversitising our finances....No Coffee's
I think that's the best part of his whole portfolio. He treats the people on the other side of the table with respect and recognizes the value they have as good tenants.
I have to agree with Kevin, your expenses as a landlord increase yearly (taxes, insurance, maintenance, etc) so the rent increase should reflect that. It doesn’t have to be a huge bump, but a set 2.5% annually at renewal, and if renter on a month-to-month, then 3% increase.
@@---cr8nw But your opinion literally invalidates the entire purpose of investment, which is to maximize profits. It's like people that ask, "Why don't corporations just make less money?" That's like asking an NBA team to limit the amount of points they put up in a game. Kevin made the right decision.
He said the same things when building that empire, and likely still does today. I also think that is an outrageous price for a sammich! Here’s to building our empires and eating pasta until we can afford steaks!
@@user-em8fq2ev4b the thing people don't realize is that $5 here and there throughout the year add up really fast. Let's say for the sake of argument you got Starbucks once a day on your way to work for one year. You would have spent $1300 over the course of that one year just towards Starbucks. That money could have been invested instead to make you money or at the very least been used on something that will provide more utility than a quick expresso for some caffeine. The rich stay rich because they don't spend their money frivolously. The poor stay poor because they do. You could be a millionaire and still end up broke if your not careful.
Kevin is like the financially wise uncle we all need in our lives
Daniel Thrasher Didn’t expect to see you here. I love your videos :)
Uncle Kevin... Meet Kevin.. Now that's a video
Not gonna lie, your comment surprised me. But hey! We all can use financial knowledge in this world
more like graham is our financially wise uncle!
Correct!
I love how the investments are made to look like monopoly cards
Warning! This is a classic sharking scam. Most of the comments advertising whoever the frick Frederick is are obviously fake.
Yes it real estate.
Expert mason is an amazing man with an awesome. Strategies. I made $68,000 with an investment of $5000 in Two weeks is like a miracle to me.
My husband and I invest on his platform. The very first time we tried, we invested $1000 and after a week. He paid us $4500. That really helped us a lot
Wow, that is a good Return on investment right there 😳please what strategies do you use and how can I start up?
Graham looks like an excited little kid listening to his dad talk about all his favorite stuff
Hes gone learn today!
I think that's pretty close to on point.
Whys he so tiny...😂😂😂
Did he miss his vitamins?😂😂
🤣🤣🤣
Graham is a suit. Kevin all casual... They're dressing for each other... lol
yeah, I thought so too :)
@Graham Stephan your mum is gay
From my limited experience with wealthy people and extremely wealthy people, that’s how it always is.
Wealthy people dress up, extremely wealthy people dress down (again, in my experience)
Nope, Kevin can just wear whatever he wants at this point
@Graham Stephan This is a fake account. Everyone pls be aware
It's funny how Graham is wearing a fancy suit instead of his usual white tshirt and Kevin is wearing casual clothes instead of his usual suits
That’s the first thing I noticed
Lol
That's true
crazy how a billion dollars makes you confident
Looks like he was being respectful for a potential mentor and a Bbbillionaire as a millennial. Time is money to someone like Kevin.. I think it was a pretty good move.
Graham is going big time! From iphone videos in his garage, to his elbow being featured in Selling Sunset... Now he's swimming with the sharks!
He will be a billionaire...
Lol, a roblox RUclipsr commenting on financial Ed channel. No offense, just kinda funny to me.
Gwreed lol same
@@RobertoBlake idk man, right now he’s headed to a mega millionaire, but idk if he’ll reach the billions
Roberto Blake The difference between a million and a billion would blow your mind visualized
Whoever came up with the idea to make each investment a monopoly card is a genius 🔥
🙌🏼
@@GrahamStephan Such a good idea!
Lost $1000 trading with an unprofessional trader but I was introduced to Mr Frederick to help me recover and make some profits which he did, that's so impressive of him.
Wow.
You guys trade with expert Mr Frederick too? He's been my account manager and broker for a while now he's really good at making profits for his clients.
I invested £3,600 with Mr Frederick after I met him at a conference in London he made me a profit of £14,890 in just 7 - 14 days of trading with him and that made me Invest more
Does anyone realize how amazing it is we get to listen to a conversation like this for free? People would have paid big 10-15 years ago for this sort of information and wisdom.
As for me, trading has been so profitable because I was guided by a pro trader known as Mr Raini.with his working strategy / daily signals which turns out to be one of the best out there.During my first week i was able to make $18,000 in just one ☝️ week why don’t you reach him out
When Kevin said "never use leverage on stocks" - Im not going to, thanks Kevin!
open book exams are almost always harder
Eh I mean the Internet was still around 15 years ago and a whole lot of books
@@am-vy1fb He's right. Never by stocks on a margin. The downside will wipe you out. Those margin calls will kill you.
“I actually don’t raise rents” LIKE BUTTON DESTROYED
Under-rated comment
Hes a respectable businessman 100% I'll buy anything wants to sell at this point
AMEN! ... guys i got auto played into another youtube vid...... I PRESSED THE BACK button to smash the like button on this one!
Trust sells
George Whelan said no one ever
The way he says “destroy” 😂
He had the “batman voice” lol 😆
Just like Bono!
How can i not hit the like button if Kevin O'Leary asks?
I’m your 1,000th like. Giving you good luck bud
That little sadistic glint in his eye...
WOW. This is legendary.
It is cool to see Graham and Kevin meet after their previous back and forths~
it took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $650K, despite inflation.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
I looked up her name and found her website. Her credentials are really great with good reviews. Thanks for sharing! I've already reached out to her via email.
“You have to respect debt or it will rip your life apart” - some damn good advice right there
Smash the like button!
Do a magic trick
I’m now banging my smartphone
Do a magic trick
Indeed
Ah my second most watched Channel 😉👋
How you know you've made it:
Kevin O'Leary asks you if you have $3MM in reserves to cover your leverage and you are able to casually respond with "yes" (while wearing his suit)
An investment in knowledge pays the best interest."
How is the forex investment done.
Yes, forex investment, I heard it's very profitable
Yes, true but I don't know anything about.
I have heard so much about forex how does it work
Hello friend, please how did you do it?
Love this side of Kevin O'leary - Goes to show he's a lot nicer than what he makes himself out to be. Awesome content Graham well deserved! Look like Graham is going to be investing in art, commercial properties, and some pre ipo start ups.
When Kevin asked graham why he didn’t raise rents... I get making as much money as you can is a core principle in the world of finance, but Graham’s wisdom of wanting long term tenants is one of the many reasons why I follow the dude
Yeah I was really shocked at how surprised Kevin was that Graham doesn't raise rents. If it was me being asked why I would raise rents I'd just reply with "because I'm not an asshole".
If i bought houses I would be the same way keep lent below market value rent of the area by 2 to 5% and have long term good tenants instead of new tenants every year.
My mother rents houses. One thing I've heard from her more than anything is about bad tenants. She rents one of her houses out to this couple for the same price now for some 10 years just because they're good tenants. Bad tenants make you have to go in and renovate to a certain extent. Torn up carpet, holes in walls, etc. Nightmare.
@@digitalconsciousness I can definitely see that. At that point though I'd just put something in the contract they sign when they rent the house that if they are really bad with the place they get evicted.
@@sevencolours5014 If you raise it so that it complies with inflation then that's fine, 1 to 1.5% a year is roughly the rate of inflation anyways. But the property managers where I live for example raise it over 10% per year.
Graham, I don't think I've ever commented on your channel, but I HAVE to say how impressed and heartened I was by hearing you say you don't raise rents. ❤️ Thank you on behalf of your tenants for being such a kind and generous property owner! Wish there were more like you!
That’s not necessarely kind and generous, it’s pure math. I did that too as a landlord.
Yep, I don't raise rents either. It's better to stick with a good tenant that pays han risk having one that won't.
@@MikaHakkinen83 Its a win win, assuming your tenant is reciprocating and looking out for your investment.
@@Fanta.... yeah, I agree. It's like being a good employer, employees tend to stay and do a good job.
This was gold. The man has so much knowledge and is not reckless with his money.
thanks!!
Kudos to Stephan for being humble and receptive to Kevin's advice instead of butting in and telling him he's WRONG!
He's my favorite shark. He knows so much stuff and he's so good at explaining it.
@@GrahamStephan You noticed he is a dividend investor :)
It's good to be organized and calm in methods
I love how you weren't afraid to post the criticism and kept smiling like a boss. Great job man, you're a good Graham guy.
Thanks so much!!
@@GrahamStephan hi
Oh you know its serious when Graham dresses in anything but a t-shirt.
yep!
Ezieme Solomon scammer
And Kevin dresses down!
I heard he bought from the clearance sale of GAP store
Dudes a class act
if you're a teenager and you're watching this then you're doing something right
You’re saying that cause you’re a teenager l,ao
If you even know what they're talking about, then ok. But if you're not even doing what they're doing, its just entertainment.
I've been watching this stuff since I was 16, 21 now and in still pathetic lol net worth is only a little over 50k, but also just graduated college which was tough to save/invest
@@traxxasrcfun 50k for a 21 year old is pretty good tbh most 21 year olds are still gaming all day living off their parents
@@traxxasrcfun 50k for a 21 year old is not that bad
You know it’s tough when you have a 10M net worth and you’re still only an 8/10 on the Kevin O’Leary scale
He said 7/10 ... yikes!
He just wants Graham to diversify!
saurabhnow He said 6.5/10 Mega yikes!
He said 3.5 YIKES! 😱
According to Google, O'Leary is worth north of $400 million.
“I’m not gonna fan boy” *first thing he does is show a picture of him and Kevin 6 years ago*
😆
correction. 8 years ago
8 years ago
8
eight
When two legends cross paths again
BlazingFermiteYT xD
Same
I invested £3,600 with Mr Derrick after I met him at a conference in London he made me a profit of £14,890 in just 7 - 14 days of trading with him and that made me Invest more
Bitcoin and Forex trading is easier when you have the strategies and knowledge I tried trading on my own but loss totally.
I advise you place your trade under an expert who knows how to trade and been in they business for some years
Mr Derrick have brought me out of the wrenches to a better living I encourage newbies to place their trade under his services.
Having Kevin on the channel is really awesome. You are definitely an inspiring man Graham. I hope you are a good person as well and that you keep prospering. 👍
I love how this is an actual conversation between these two men... Kevin is taking his time to look at the portfolio and make remarks, Graham is listening intently and giving his own explanations too.
Love it!!!
“can you pay 3 million bucks?”
Stephan : “yes”
LitBurn 487
How, though? Unless he decides to continue to hold 3M i.e. 30% of his portfolio in cash at all times. That would not make sense because the point in using low interest rate leverage is to allow you to grow your capital at a higher rate and pocket the spread. So, it wouldn’t make sense to borrow at x % when you’re always going to keep equivalent cash losing value @~2% thru inflation.
I feel like this point could have used a little more discussion. After getting laid off from my very first proper job out of college with all of the debt in front of me, it has had enough of a psychological impact on me to not be able to use debt to grow. So, I’m more with Kevin on this but I am aware the folly in my thinking as I look back at how this mindset has held me back. So, I was hoping to learn from them as to how they go about sustainably managing debt during downturns. I have some ideas of my own but learning from their experience would have been a great opportunity. I think it’s a tough needle to thread.
shreetron the cost goes down each month as his tenants pay down the debt so overtime unless he keeps buying hyper expensive real estate he will not need the 30% in cash. That was Kevin’s point about your proteins paying for your pastas.
Zach M sorry but you’re missing the point. If he is lowering his debt over time (thru whatever means), he’s no longer in the same leveraged position. In other words, taking it to an extreme, once he’s paid off everything, he’s zero loans I.e. he’d have zero obligations, which was Kevin’s original point. I get that bit. What I’m specifically looking has to do with a leveraged position, not over-leveraged, just leveraged. I wanted to understand their perspective on how they’d go about sustaining a leveraged position long term. And maintaining an equivalent amount of cash position, which was Graham’s answer to Kevin’s question, is not a sensible solution.
I think what he was referring to here was the fact that he can cashflow the payments out of his RUclips earnings if the rental income goes away.
@@shreedhar333 He can leverage his other assets to cover the cost of that 3 million.
“They bought boats, cars, divorces “ lmao classy way of saying it.
And some wasted the rest.
Turns out divorces depreciate real hard! You should only invest in divorces if your are a certified gold digger.
The not unclassy way of saying it is grow your assets not your liabilities
@@shrags1 the joke was they bought boats, cars, divorces yes they bought divorces
@@paradox5434 lol
6:11 if the poopoo hits the fan is the craziest thing I’ve ever heard this man say.
hands down best landlord that has ever existed. no rent increase... you sir are a true hero
Property taxes usually go up annually esp if home value rises as his all did (can be by a lot). Also home insurance and maint in terms of cost of goods (items to be replaced or trade fees ie plumbers, elections etc) and for condos HOA fees incr annually incl large lump sum fees for special reassessments on owners and there’s no control or cap on them.
@@penguin12902 Really!?! How about increase in taxes, insurance, material costs, maintenance. Greedy.... yeah right...
@@penguin12902 you gotta understand that as a landlord the rent is often your income. Eventhough rent doesnt increase, everything else that you purchase will increase with inflation. Its not greed its simple economics.
I start with $2,500 at the beginning of April and I'm almost at $33,000 now! all thanks to expert Mrs Sharon
i Started with $5,000 at the same time. Now at 52,000$.
Can you pay off 3 million right now? Graham: “Yes.” - boss.
Thats the definition of boss.
with that RUclips money ofc
haha. or he could invest $3million in stocks and companies! but that's a lot of money
Lol ,That's the Bigger boss attitude .The video reminds me of a year when I was so broke that I could barely pay my bills. I remember the most important step in my life when I invested my last income with an experienced Forex trader who was recommended to me by a friend. It may seem a bit, but it took courage to know that investing was the right thing to do at the time. Today my small investment of just $ 300 generated over $ 150,000,After I kept Investing and reinvesting. To be successful, you must take a big step. It all starts here.
@@klaus1618 I had a similar experience to yours. My investment in forex trading saved me from financial burdens after losing my job. Forex trading is very profitable when you have a good Forex trader.
the pasta and protein analogy is absolutely eye-opening!
Can you summarize that analogy real quick?
@@mikeschafer4440 the video summarized it quite well, but basically the way I understand it is that if you buy a duplex let’s say for 200k, put 20% down (40k) loan is 160k, rent income for both units is 1600 a month and your mortgage is $600 (40k interest, 200k total mortgage, not sure too much on his interest works) net income is 1000, the owner of the duplex would not live a luxurious lifestyle, instead save and wait until he feels safe enough to be out of the existing debt, which is the 200k mortgage including interest. Which is why Kevin later mentioned that once the duplex is paid off then the owner would be able to eat steak because it is now debt free and the owner doesn’t have to worry about real estate crashing because he paid it off and is now profiting $1600 a month off rent. Also, Kevin mentions that the stresses of the debt (200k) in this instance can make the owner bankrupt in case of market crash, which is why the owner Eats “pasta” in his analogy. Also which is why Kevin also said to take on debt you’ll be able to get out of, hence him asking graham if he had 3 million dollars available to pay off all his debt in case of crash so he doesn’t go bankrupt. Hope this helped, I’m just stating my thoughts, anyone is free to correct if I may have said something wrong, thanks.
@@muraddadasov8595 it mean you increase rent but you pay same debt
Simply, just strive to be cash-flow positive all the time
I know that it was an analogy to mean cutting back where possible, but for those who might take it literal: eating only pasta is not necessary to save...
6:00 “if the poopoo hits the fan” I’m dying
Haven’t heard this before
I love the fact that Kevin O'Leary said "if the poo-poo hit the fan" ... that would make for a hilarious ring tone. Dividends rule!
pee pee
poo poo
*pee pee poo poo*
I love how he just says, "Yeah, I get it." when graham is talking about selling his car to buy his second home. Kevin has such a boss billionaire mentality, doesn't waste time and he doesn't mess around!
I think he was trying to be family-friendly for the RUclipsr video.
"Never use margin in stocks". Meet Kevin has left the chat.
XD
Lol!!!!!
Rofl I was literally thinking about Meet Kevin when he said that since he was just talking about his leverage not long ago.
Beat me to it!
I fully agree with Kevin on that. I got so many house calls and margin calls when I was poor and struggling to trade properly. Crap messes you up in so many ways.
1. It makes you sell at the bottom.
2. It makes it so you can't buy any at the bottom.
3. It adds extreme levels of anxiety you just don't need.
4. Against a market that likes eating noobs for breakfast and spitting out their bones.
So he says never put more than 20% of your savings into one specific investment/sector (stocks, realestate, bank account, etc) what are a list of different sectors to put money into to stay diversified?
Oh hey Chris. Had no idea your looking into this stuff too. How’s the family ?
Hey Chris, you're a legend! Bonds or other fixed interest assets are an important sector because of how safe they are. Some other examples are commodities and financial derivatives such as futures and options, although most people wouldn't really have high investments in those. I wouldn't take his 20% rule too seriously though, as even he said that more than 30% of his assets are cash.
@@btn1 he said 30% of his networth is in cash. the 20% was regarding investments. so 70% of his networth is in investments and of that he'll try have no more than 20% of his invested captial in any one asset and no more than 5% in any one stock option
A few most known sectors are Energy, Materials, Industrials, Health, Financial, Tech, Telecom, Utilities, Real Estate, and Oil.
ChrisFix hey cris!
Market crashes are an opportune time to protect capital in the sense that one can gain years of growth from the bottom of a crash in a matter of months. this last crash provided over a decade of growth in majority of stock. Always be ready to jump at these opportunities.
What a legendary meet up, Mr. Wonderful himself. Honest feedback, left his ego at the door, Graham you’re killing it!
Mumble_WRX kevin is a sellout, ho watch coffeezilla
I love how humble graham has stayed throughout his whole yt journey, its a rare sight these days!
ah thanks!!
Warren Buffet once said" if you don't find a way to make money while you sleep,you will work until you die."
That was deep! Hardcore fan of Warren Buffet. I got to start investing in mutual funds because of him and I haven't regretted it.
I wish this was taught in college, and I am just trying research learn how to trade stock and options.
Financial education should be taught in every level of school but because of the misplaced priority we have in the system, those that don't know are suffering it.
@@novakrico4306 exactly! It's never too late to start. That's why I'm watching how to trade options and equity.
I am a beginner who is seeking for advice, I want to start trading in 2021
This is the dopest video. Its like sitting and watching a father guide his son. Music helps it a lot.
I love how chill Graham chats with Kevin O'Leary, not even intimidated by the slightest, love it
He’s just another dude at the end of the day. Money doesn’t make the person. The person defines the person.
When someone calls 600,000+ $ a “serious amount of change” that’s how you know they are filthy rich
I know!
I noticed that... he made it seem like it was $5
That Guy a serious amount of change to me is a mason jar full of change
Wheres the time mark when he said that
hahaha this is so true
When the recording stopped, Kevin asked to be paid for his endorsement 'smash the like button and subscribe', Graham then went into detailed analysis of a negotiated amount based on the youtube algorithm and how many people smashed the like button. Kevin responded with a base dividend amount per like over the course of the next 30 years.
This comment is so on point 😂
Lol 👍🏽
Subscribed because of the realism Kevin brought. Just a real down-to-earth parlay. Thanks for the video
The bald guy seems like he knows his stuff, he should go on an investing tv show
Before anyone brain dead comments he’s trolling
@@benjaminelswick6759 Don't worry, I got you.
He's on shark tank ya doof.
Underrated
Damn, I was going to play along.😂😂
he is already on a show called shark tank noob
"I don't actually raise rents"
everyone liked that.
Graham is the only landlord that won’t be beheaded. He’s a good lad
Superblobby isn’t ur goal to become a landlord? Why are you here then lol
Thomas Dalby nah son, I just like his finance videos. I wanna open a casino or find other ways to FI/RE
@@Superbl0bby Yeah casino business is more morally wrong than raising rents...
It's a very smart move. Vacancy's can be thousands of dollars lost, versus hundreds gained, not to mention eventually ending up with a crappy tenant. If it ain't broke, don't fix it"
Kevin O'Leary mentorship. He definitely didn't seem like the Shark on his show. I can now see why he's called Mr. Wonderful and on episodes why people prefer to work with him
Daddy Debt a part of the ASH Management Group kevin is also a sellout
check out Kevin's channel...it's great!
When you invest you're buying a day you don't have to work.
Bitcoin
Stocks
Real estate
@Mr Beast it's not ignorance but due to some unprofessional broker in the market
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Investments are stepping stone to SUCCESS, Investing is what create wealth
I have more experience on stock market but i have decided to dive into Bitcoin trading before it's too late
Good episode. Although I think him being at a later stage in life gives him a more conservative outlook than someone in the wealth building phase. But good advise nonetheless
Very true!
Graham Stephan have you considered buying into a franchise? I know a lot of wealthy people do that as another means to increase wealth and diversify.
His point of view, compared to Graham's offered a nice contrast. Awesome video.
@Donald Wilson Trading is a dead end. Crypto or otherwise.
@@unusuario5173 why do you think that? I was considering trading but I'm open to advice from all aspects.
Graham: “I actually don’t raise rents”
Me: I have never destroyed the like button until now!
Ah thanks!
Nothing wrong with raising rents. Taxes go up, insurance goes up, overall cost of property goes up as time goes on. Graham making a mistake by not at least trying to keep up with market rates.
@@PokerGuts send like it's working out for him & his tenants. I'm sure they've especially appreciated it this year.
@@PokerGuts A happy tenant goes a long way!
MatticusNicholas when rents are rising faster than peoples salaries it’s refreshing to see a landlord go down a different path.
"I actually have more than 30% in cash"- Kevin
How I understood this is that investors are not buying in todays market and are waiting patiently for the bubble to pop.
Could be just a lockdown thing.
The other 70% is still working though ... And 70% of a Billionaire is still nothing small.
It’s also election time, coronavirus fears, plus the stock market is currently pulling back.. this guy is way richer than we could even hope to become, No reason to waste money lol
I guess once you get a lot of money is about not loosing it, instead of trying to risk it to make more
Hey you should check out this guy named Graham Stephan, he has a lot to say about market timing.
Mad respect for this dude !! Subscribed
Stephen Graham: “That was everything, I sold my car to buy that property”
Mr Wonderful: “yeah... I get it”
@@is300vids He didn't come from rags to riches though, literally shows in the video that he bought $291k (in cash) worth of real estate/renovations in 2012 at the age of 21 without even having credit. There's no way a 21 year old had earned that much free capital starting from nothing, he was far from poor.
gav1N he worked at a job
gav1N he did not pay 280 thousand only 72 thousand
gav1N he had 5k at 18
gav1N then he went to real estate for 3 years
Can you imagine a public figure you look up to saying you've done a good job with your investments, 8 years later when you finally meet. That must feel amazing!
I was thinking this also 👍 Graham is killing it.
@@TRAVIS-WHITE agreed!
Kevin's greatest attribute is honesty.
It's hard to find somebody that will tell you what you are doing wrong when you appear to be doing everything right.
So is Graham's. How many youtubers will show you how they've got their money invested? And how much?
Kevin has so much money that his sense of scale far exceeds what ours is. That meaning he doesn't need to compete with us so he can freely give advice as 99% of us won't even get close to stepping on his toes financially and it also helps to build his image. There's more profit in him helping smaller investors than it is to give them poor advice.
@Lyrical Terrorist My Dads mothers cousins daughter disagrees with you.
I Love how clean and honest this interview is. Graham taking criticism on his portfolio and gaining some wisdom that people pay money for. It definitely has so many gems of wisdom we all can pull from.
Graham: I'm not going to geek out and be a fanboy.
15 seconds later
Graham: Hey, remember that time when you were at the place and I saw you and got a picture with you??? That was awesome.
😂 😂 😂 😂 I was looking for this
"they were buying boats, and watches, and getting divorced" - best line in the vid.
Kevin: "Never use margin in stocks"
me: *nervously looks at my Robinhood app*
Nydas Huh. About other apps?
@rory meh is 20$ a lot of money lol
I paused the video and turned off my margin investing right on the spot. LOL.
@@JQNguyener Good for you !
Hahah! I lost a lot today because of using margin excessively. Lesson learnt!
Omg I love the background song is Clair the lune debussy ... kevin actually besides all the wealth that he made throughout the years sounds really humble ...way to go
It's like a parent checking his report card 🤣
I got that same vibe XD
Mr. Wonderful really is the best
@@nicholashaines4136 you could say he’s wonderful...I’ll see myself out
True
Is this a museum or his house?
What if his house is a museum?
Wasn't it an airport?
what if he made the museum his house?
@@DanielVargas-xp5jl what if the airport is his house?
@@itssaad8663 what if his house is his airport
Poor Graham, in the end he was trying to impress Kevin and get a higher grade than last time (8.2) and Kevin actually lowers him to a 7 🤣
damn
Even went out of his way to buy a suit 🤣🤣.
@@tungstenrat3994 😂
@@tungstenrat3994 u know Graham either already had it for businesses meeting or he rented it or bought it for cheap Graham ain't about to buy an expensive suit just for 1 video.
@Alexa should have added the suit to the portfolio
😂
I don't understand how people hate Kevin, he is the coolest guy and is very smart. I would love to talk to him someday.
Biggest flex I've seen today - "Can you pay down 3 million dollars?" "Yes"
LMAO
lol was looking for this
“I don’t raise rents”
Best landlord in LA hands down
I mean, TECHNICALLY, I raise rents to keep up with rent control - BUT, I give a credit back for timely payments so their actual out of pocket doesn't go up. That way, they pay the same - I increase the rent control limits every year so I'm not left behind - and everyone wins.
Graham Stephan still great! I’m almost sure you don’t have issues with your tenants 👏🏽
A good man is not always a successful businesses man
I wish more landlords were as awesome as Graham! My landlord decided to raise my rent by 8% during the COVID lockdown.
@@jzen1455
8%? That's ridiculous! I just try to keep up with inflation. Where the heck did he pull 8% from? His a....
Graham: I don’t raise rent.
O’Leary: Why not?
Me: Where do I sign up?!
This is a really smart move on Graham's part, especially since it looks like all his real estate properties look like family dwellings. My parents do the same thing with all their properties. This makes it so it is much easier to find good tenants that are generally there for the long-term and will take decent care of the property while they live there. A lot of times, the previous tenants will find new tenants for you when they move out and pass the lease on to someone they know so that you don't even have to do much legwork. By doing this, you'll never have to worry about months in between renters where you're basically losing 2-3k in rental income.
Much better to lose a little to avoid hard tenants
I like his thinking. He prefers long term reliable income over the stress of nickel and diming people and the hassle of always finding new tenants. Would you take a small financial hit to avoid significantly more stress and be able to focus on other things? I would
But keep in mind, you'd be locked in with a rent of ~$4000 for a 3 bedroom house in his real estate portfolio.
@@yusufqureshi9579 he's likely still making a small profit with his long-term tenants.
It’s crazy how willing Kevin is to just stop by in your life to give you sound financial advice while on the way to do some business on his itinerary.
It's crazy to know how big Graham's channel and himself has grown, first he started recording with his iPhone in an open house, fast forward a few years, to meeting Kevin O'Leary! Way to go Graham, ur such an inspiration ❤❤
thanks!!
@@GrahamStephan I agree with this statement. I feel you are and have been very wise with your money / investments. Real estate is a great place to invest. People always have to have a place to live. Starting out with the cash to purchase these investments, that you saved for years... putting off gratification in this instant gratification world. That says so much about your character and your determination. kudos!
I'm surprised that he's as conservative as he is with investments. Maybe it's him having so many more years under his belt and knowing there's still a lot of time to do things. There's no need to rush as hard as we sometimes want. I don't know, just thinking out loud :)
Yeah being against 30 year fixed uncallable debt on real estate for a 30 year old is... a little Dave Ramseyish.
I think at that point, it just makes sense to focus mainly on capital preservation and secondly on growth. 🤷🏼♂️ but I’m not too sure hah
When you have already won there is no need to play the game.
You take your chances when you grow, after you made it...conservative is king
You have to understand he probably got completely ransacked by the 2008 crash whereas Graham was only exposed to the positive aftermath of that (dirt cheap cash deals)
OMG Graham--the transparency on your entire portofolio is mindblowing; the nuggets of financial wisdom from Kevin is priceless--we're watching the young titan vs the seasoned titan--love it! I just need to replicate this now LOL
"Never use margin,Never in stocks" - This advise is Super Huge!!!!
Yeah, glad I heard that.
Mr. Wonderful: Can you take a 3 million dollar hit?
Graham: Yes
Me: Throws ipad against wall
This guy is so fucking succesful and I hate that but at the same time I love that.
Kevin is underestimating Graham. He still has the older generation mentality while Graham is already way ahead of him.
@@josepablobermudez6283 why do you hate it? Legitimate question.
@@mordstreich because he isn't him.
@@mordstreich exactly as stevens videos said... basically just envy, and I love so much that somebody like him can be the person that he's today
Graham: I sold my car to buy it
Mr. wonderful: I get it “with out a single flinch of emotion”
Billionaires acknowledge the sacrifice necessary to achieve what they've achieved. They aren't surprised by it and they aren't blind to it. To them it's the norm that you had to work 15 hours a day to build yourself up to millionaire status and it's the norm that you had to sell your car to get money for an investment.
@@brunomatassini9879 sacrifice such as somehow having enough cash on hand to buy hundreds of thousands of dollars of real estate at age 21... hmm everyone could totally do this
@@tonykirk8295 It's not "somehow" it's called working 12 hours a day since 16.
@@brunomatassini9879 there are plenty of people who do/have done that that are not now millionaires. he was smart and got rich off his investments - but the main separator from him and other people was having the cash on hand to invest at that level, not that he's a harder worker than anyone else.
@@tonykirk8295 Highly disagree, if it were easy everyone would be a millionaire. Having the money to invest isn't the hard part especially if you're working since 16 and not blowing your money on college. I made 10,000 in 3 months working a regular 40 hour job with overtime every once in a while at age 18. Imagine if I had started at 16 and kept the job until 21. Not sure why the "cash on hand" part is what's so difficult for you to grasp when it's actually the simplest aspect of how he started off.
I like how Graham listens and accepts criticism so willingly. He probably already knows a lot of what Kevin is tell him but he is humble enough to listen. Not many people are like that.
If he truly took in the criticism he would diversify where his money is, aka stop buying real estate and buy commercial + businesses.
Matthew Jones true but that doesn’t happen overnight. It takes time and based on where we’re at in the cycle is when you get in or out. Commercial and biz opportunities are def going to be coming on discount in the near future with everything going on to hit commercial product and burnt out or negligent biz owners IMO
Was I the only one distracted by the music in the background, in a good way?
I love Claude Debussy, especially Clair de lune. Excellent choice!
You can tell graham has never worn a suit and tie before😂
Not in a LONG time
@@GrahamStephan the knot was so loose I was like he looks like a kid in his dad's suits, or he's going to a Middle School Formal.
This is the Kevin O'leary I want to see more of - he's like a smart uncle who you want to soak up everything from.
O'Leary: "...and getting divorced. They loved their lifestyle. "
LMFAO
The Look on Kevin’s face when Graham told him that he doesn’t raise rents.
Raising rents means that he can cover inflation but on the other hand not raising rents means he can be super competitive in the marketplace. It can also lower vacant properties on his portfolio.
Nothing worse than a property sitting empty as it can form damp and rodent issues.
@@bighands69 yes not only is he getting money from rent, but he is also getting free maintenance on the property. I'm sure that's hundreds a month of maintenance. And like he mentioned the longest someone has stayed is 7 or 8 years so he may loose some money after that many years but the average person only stays around 2 probably
@@rileyesmay, he's not losing money. The mortgage payment (P&I) is a fixed monthly price and that will always stay below rent. The taxes and insurance will grow and those SHOULD always stay within the rent payment, but even if they don't, he still comes out ahead. Sure, he might have to spend a little out of pocket every month to cover, but that's a full month of ownership where someone else paid the principle and interest toward equity for HIS ownership.
@@bighands69 It seems to me that generally "rent control" and other such practices, while sounding nice and fluffy, really are the kind of thing that could collapse the entire market if they were widespread enough.
Bro Is the rent given is per month or year??
Kevin O’Leary: I don’t like debt anymore
Dave Ramsey: Lets be friends
Debt is a tool for many people that can help them grow their wealth. Too much debt is madness or having debt when you do not need it is madness.
@@bighands69, very well said. A monthly mortgage payment (on a 30 year fixed loan) is almost always cheaper than rent would be on the same property. But the big benefit is the equity gain. Could you buy a cash house for dirt cheap and then buy a bigger one down the road when you've saved up for it? Sure. But that adds a big layer of risk over buying a modest house at a good price, and at a good interest rate, and just staying in it.
@Kristof Alexy If there is hyper-inflation, don't expect stocks or bonds to protect your wealth. If it happens, the only thing that can are real assets, of which real estate is just one example. And the operative word there was 'can', not 'will'.
But there won't be hyper-inflation. It isn't caused by printing a lot of money, that has never happened. Not in Egypt, Rome, France, or Weimar. Hyper-inflation is caused by a nation losing a war, having massive losses of productive capacity, and governments being forced to take out large foreign debts denotated in currencies they don't control. And it has to happen in that order. As long as the federal debt is denotated in >90% Dollars (I believe it is 100% right now), there will be no more than 5% annual inflation.
Kevin O’Leary: But I understand debt and how it can be used to generate cashflow.
Dave Ramsey: Oh, nevermind.
@@rightwingsafetysquad9872, you're absolutely right about inflation risk. If you borrow 100k at 3.5% interest (like a mortgage), and inflation hits above 3.5% at any time in the next 30 years, you're literally making money in the form of equity just by spending someone else's money.
Wait until he sees Meet Kevin’s portfolio. The margins gonna give him a heart attack
Im out of the loop are they good or bad?
Zachary Jones hurts the heart
High or low? Wot? Wdym?
Kevin is heavily invested in just a few stocks ( lacks diversity) with a large margin which he is apparently trying to pay down now.
3 million on margain I believe. I about s**t a brick when he said that
I must say I find Kevin O'Leary a lot more enjoyable and understanding in this casual mentor-student type of conversation. He has quite a lot of expertise, but he just seems like a nicer person this way. I guess he respects Graham being self-made. And it's probably true what he says: a lot of rich self-made people that eventually get bankrupt do so because of underestimating debt. Even though their investments were smart, there's always a small chance that you have to pay off all of your loans in a down cycle but don't have the liquidity to do so.
"That's the biggest mistake you can make in your life is to worry about taxes. The fact that you need to worry about taxes is a wonderful thing.
It mean you're making money."
This is true - they are meant to be on top of what you are doing, not a heavy change of course pressure
My dad tells me this everytime I open my mouth about taxes.
Tap E to use your intelligence
@@krystal5887 why ?
“I don’t raise rents”
YOU DA REAL MVP!!!!
I love how far Graham has come. An interview with the Kevin O’Leary is incredible
I love how Shark Tank makes Kevin appear, but in reality, he's a super nice dude with a ton of wisdom.
And this is why you are so successful...a teachable spirit. You listen, you learn, you get informed.
ah thanks!
I try to listen as much as possible, especially for someone like Kevin!
Congrats bro. Been watching you forever. So happy for you
"Can you pay down, 3 Million Bucks?"
Graham, 1 Nanosecond later
"YES!"
Margin in stocks I never understand until right now. I have watched this video over 10times from Australia. I'm 36years old my wife is 50 and we have improved our live diversitising our finances....No Coffee's
“If the poo poo hits the fan” - Kevin O’Leary 2020
You don’t raise rents?!
Kevin: and for that reason Im out.
I think that's the best part of his whole portfolio. He treats the people on the other side of the table with respect and recognizes the value they have as good tenants.
Lmao
Cuban - he's an idiot , he's a con artist😂
I have to agree with Kevin, your expenses as a landlord increase yearly (taxes, insurance, maintenance, etc) so the rent increase should reflect that. It doesn’t have to be a huge bump, but a set 2.5% annually at renewal, and if renter on a month-to-month, then 3% increase.
@@---cr8nw But your opinion literally invalidates the entire purpose of investment, which is to maximize profits. It's like people that ask, "Why don't corporations just make less money?" That's like asking an NBA team to limit the amount of points they put up in a game. Kevin made the right decision.
I love all the sound effects used when talking about the start up...that was hilarious
Thanks!
@@GrahamStephan when are we getting that announcement video?
Had some *spongebob cursing* vibes
You should have told him to say “Don’t forget to BANG! That like bell! 🔔”
This was great. Well done 👏👏
Never would I imagine seeing Mike laBelle commenting on a Graham Stephen video, two of my RUclips worlds colliding
"Can you pay 3 million bucks?"
"Yes"
Me: "This $3 sandwich kinda expensive"
He said the same things when building that empire, and likely still does today. I also think that is an outrageous price for a sammich! Here’s to building our empires and eating pasta until we can afford steaks!
It costs 50 cent to add cheese toppings? Ok just lettuce and tomato please.
He finds $5 Starbuck coffee expensive too
NaN 89 5$ coffee should be a crime
@@user-em8fq2ev4b the thing people don't realize is that $5 here and there throughout the year add up really fast. Let's say for the sake of argument you got Starbucks once a day on your way to work for one year. You would have spent $1300 over the course of that one year just towards Starbucks. That money could have been invested instead to make you money or at the very least been used on something that will provide more utility than a quick expresso for some caffeine.
The rich stay rich because they don't spend their money frivolously. The poor stay poor because they do. You could be a millionaire and still end up broke if your not careful.