Here's a Real Estate beginner tutorial where I can really cover the blueprints and outline the basics of what’s needed in order to prepare for, and actually invest in real estate. Enjoy! Snapchat/Instagram: GPStephan
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1850): https://act.webull.com/k/Vowbik9Tm5he/main
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
Step 1: BUILD YOUR CREDIT. This is one of those steps that you can can do NOW. If you’re watching this and you don’t already have a credit card, when you’re done with this video, watch this:
https://www.youtube.com/watch?v=ukaWAjgkH9M&t=30s
Step 2: SAVE YOUR MONEY. The reality is that you can’t invest in real estate with no money down, no income, no credit…it just doesn’t happen. So this means that in order to save money, not only will you be required to live somewhat frugally so you don’t spend everything you make, but you will need to MAKE MONEY. I know this sounds common sense, but it’s at least every day that I get people asking how they can buy real estate without having any money…it doesn’t happen.
Step 3: SHOW YOUR INCOME on a tax return. his means that you can’t just have one great month on Shopify and then expect to use that as a down payment…lenders want to see consistent, stable income before they give you a loan.
Step 4: Get prequalified. It’s as easy as going to a few major banks, having them run your credit, giving them your tax returns, bank statements, and some other minor information…and they will give you a pre-approval amount based off those numbers. You can then take that pre-approval and shop that around a few other banks, getting them to match or beat those terms.
Step 5: LOOK AT EVERYTHING IN THE MARKET YOU WANT TO BUY IN. Do your research. Find out which areas you feel are undervalued and where you feel people will be moving to. Drive around on weekends through every street and neighborhood. See every open house on a Saturday and Sunday within your price range, plus maybe a few hundred grand so you know what’s out there. The more you see, the better you’ll be able to recognize a good deal when it comes up.
Step 6: Make offers on places you feel are a good deal. Know your price, know what it’s worth, and have patience. It’s more important to get the right property at a fair price than wait years trying to find the unicorn of a deal.
Step 7: Do your inspections. I usually tell my clients to do all the inspections they can, and usually it’ll be a break even when you re-negotiate a credit with the seller. I also take it a step further and also walk two contractors through the unit who will give me a free bid on how much things cost to repair. This way, I know everything that’s “wrong” from a cosmetic standpoint and exactly how much it’ll cost to fix.
Step 8: Close on the property. In the interim here, you’ll be speaking with your lender, getting in all the information they request from you, do an appraisal on the property to make sure it’s worth what you’re paying, and you close. Once the property is yours, this is where the fun begins!
Step 9: Do minor renovations. Most people ask “where do you find your contractors?!” And my answer to this has always been Word of mouth, and yelp. Also make sure to get various bids to understand the costs associated with what you want to do, never just hire the first person.
Step 10: Rent it out. Here’s how I post my ads on craigslist:
https://www.youtube.com/watch?v=gy6JXJKZbSY&t=382s
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3

By Stock Chat

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24 thoughts on “The ultimate beginner’s guide to investing in real estate step-by-step”
  1. Avataaar/Circle Created with python_avatars stan money says:

    DSCR loans you dont need to show your W-2

  2. Avataaar/Circle Created with python_avatars 501st Mclovin says:

    Karlton Dennis Saw This so what u Think? 🫡

  3. Avataaar/Circle Created with python_avatars William Peytz says:

    good guide

  4. Avataaar/Circle Created with python_avatars soja kia says:

    I watch several YouTube videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

  5. Avataaar/Circle Created with python_avatars Fernando B says:

    If I understand correctly, you use the tenants' rent to pay for the loan in the bank every month, and you also have a profit every month?

  6. Avataaar/Circle Created with python_avatars Meghmick Hazarmaliyan says:

    Hey LA home seekers and investors! 🏠 Looking for exclusive pocket listings and off-market deals? I've got you covered! 🚀 As a realtor, investor, and fixer-friendly agent, I've got a stash of hidden gems waiting for you.

    Drop your number in the comments, and I'll reach out with the best off-market opportunities tailored to you! 📞 Let's find your dream property together.

  7. Avataaar/Circle Created with python_avatars RickeyP says:

    You’re wrong you can wholesale with no money and a bad credit score. My first deal I wholesaled and made 25K

  8. Avataaar/Circle Created with python_avatars RB says:

    Was listening to this in 2020 after wasting over $50k in 'pay-to-win' online game and slapped myself in the face. Three years later I built myself a property portfolio (inspired by Graham) and became a millionaire. Watching this now, I am in a bit of tears. Thank you Graham for sharing your story, it sure inspires many people just like me 🙂

  9. Avataaar/Circle Created with python_avatars Ryan Weaver says:

    Lots of work with real estate and rentals… the connections are very real with things like taxes, schools, impact fees. The needs of rentals and property rights of owners and renters. The work is real.

  10. Avataaar/Circle Created with python_avatars Johnson Charles says:

    Nice contents to me trading the forex and cryptocurrency market is way better than any online investment….

  11. Avataaar/Circle Created with python_avatars Luca b says:

    Are there any apps, you know of that just have all the important stuff there. So you dont have to do the big big research?

  12. Avataaar/Circle Created with python_avatars Luca b says:

    So the income that you need is more for the loan than the mortgage?

  13. Avataaar/Circle Created with python_avatars Funny Outlook says:

    very useful

  14. Avataaar/Circle Created with python_avatars E R I C A says:

    Great video! Very informative and good tips 🙂

  15. Avataaar/Circle Created with python_avatars Bryant Gambrell says:

    Would anyone that has at least $2000 cash to invest with either great credit or bad credit

    like to know how to purchase a 28 brand new apartment units package?

  16. Avataaar/Circle Created with python_avatars Benny Rodriguez says:

    Great advice

  17. Avataaar/Circle Created with python_avatars Nicky Weav says:

    Is this still 100% relevant

  18. Avataaar/Circle Created with python_avatars Richard Bayer says:

    More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.

  19. Avataaar/Circle Created with python_avatars Rawl Campbell says:

    Thank you for telling the truth and reality of real estate investing.

  20. Avataaar/Circle Created with python_avatars angelo says:

    You don’t have to get rich quick you have to get rich no matter what

  21. Avataaar/Circle Created with python_avatars Mr Horny God says:

    Was planning on buying my dream car which would have set me back financially, but figured I’d watch this video instead.. 😈

  22. Avataaar/Circle Created with python_avatars Ace🖤 says:

    I’m nearly almost 18 and I’m like what can I do to make some side money well it seems like stocks for rn and waiting and saving and I already know how to build credit so I just really need to save because right now I can’t do any of those things

  23. Avataaar/Circle Created with python_avatars Joseph DiBenedetto says:

    I’ve been wanting to get into investing real estate lately and since I’m totally new to it I’m not even sure where I’d buy shares of real estate. Are there websites or apps that are good for this ? Especially for a beginner ?

  24. Avataaar/Circle Created with python_avatars GucciDobbs 21 says:

    Algorithm

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