Let’s debunk some common myths about real estate investing, and share what it’s ACTUALLY like, no sugar coating - enjoy! Add me on Snapchat / Instagram: GPStephan
Jeremy’s Channel:
https://www.youtube.com/channel/UCnMn36GT_H0X-w5_ckLtlgQ
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
First expectation: Real estate investing is passive.
The reality is that creating the type of rental property to the point where it’s passive income takes a LOT of work. But the work is, at times, still ongoing. Eventually you’ll have a vacancy. Eventually you’ll need to fix things up again. Nothing will last forever. Sure, you can get a property manager who’ll handle much of this for you - but you will need to do SOME work yourself, even if it’s as small as choosing between finishes or approving bids on work. It won’t be an insane amount of work, but it will be something. So yes, real estate CAN be fairly passive…but it’s not passive if you don’t put in the work UPFRONT.
Second Expectation: In order to invest in real estate, you need to do the repairs yourself or be a good handyman.
The reality is that I can’t do anything besides change a lightbulb. While I do know some landlords who do the work themselves to save the money, this is absolutely not a requirement - and depending on how much your time is worth, it’s often cheaper just to pay someone else to do it the right way. It’s also worth noting that since all these repairs are a write off, you can write off the costs against your income…but, if you do the work YOURSELF, you cannot deduct the cost of YOUR OWN LABOR.
Third Expectation: It takes a lot of money to start.
The reality is that it often takes 10%-25% down to begin investing in real estate. This COULD be a lot depending on your definition of “ a lot,” and also on your area. Buying a property in Los Angeles would be significantly more expensive than in Kentucky, for instance. Where one person might be able to buy a property for $20,000 down, someone else might need $200,000.
Fourth Expectation is that it’s often like the TV shows.
The Reality is that it’s NOTHING like what they portray on TV. Oftentimes those TV shows will be loosely scripted around creating drama and creating a show that’s actually interesting enough to watch all the way through. Every episode needs a goal, a problem that arises, a solution to that problem, and then a resolution at the end. The real life problems that come up just aren’t that exciting or interesting. It’s often boring and mundane.
The fifth expectation is that you’ll make a lot of money investing in real estate.
The reality is that oftentimes one property won’t make you rich. Most mom and pop landlords won’t make a lot early on, but as they scale up, they can earn a significant amount of money from a lot of smaller sources. This is how many landlords start making money, enough to quit their jobs and invest in real estate full time. It’s growing your portfolio over one or two DECADES and accumulating those properties that might make you only $900 a month….but buy one of those every 18 months, and in 15 years you’re making $9000 per MONTH. That’s how most landlords make their money, and make a LOT of it. But the beginning will be slow and frustrating until you begin adding more and more to your portfolio.
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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30 thoughts on “Real estate investing for beginners: expectation vs reality”
  1. Avataaar/Circle Created with python_avatars Alice Jurasek says:

    Year-over-year inflation stood at 6.5% in December 2022—the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

  2. Avataaar/Circle Created with python_avatars Gabe Way says:

    Why'd you use $5s and $20s in the thumbnail though? You could've even printed off fake money if you didn't have bills in $100 on you 🤔

  3. Avataaar/Circle Created with python_avatars Black Lyfe says:

    A lot of entrepreneurs told me you don't need a lot of money to start or you don't need any money at all to start this goes against my beliefs.

  4. Avataaar/Circle Created with python_avatars Cnje says:

    What about putting property on Airbnb?

  5. Avataaar/Circle Created with python_avatars Just Ducky says:

    In order to get write offs on maintenance costs, would you have to make real estate a business entity? Or are you able to still write off maintenance while casually investing?

  6. Avataaar/Circle Created with python_avatars Rosario Escobar says:

    Great content

  7. Avataaar/Circle Created with python_avatars Barde Inashi micheal says:

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  8. Avataaar/Circle Created with python_avatars Tim V TV says:

    FOR THE ALGORITHM

  9. Avataaar/Circle Created with python_avatars Al Freed A. Monserate says:

    You're the best financial teacher i've ever seen! I always watched ur vids 🤗🤗🤗 and i always liked ur vids 👍

  10. Avataaar/Circle Created with python_avatars Marian N. Maxwell says:

    I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $450,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

  11. Avataaar/Circle Created with python_avatars Stanko says:

    The real magic starts when you make a youtube channel, and remind your viewers every video to smash the like button for the YT algorithm.

  12. Avataaar/Circle Created with python_avatars bishal ahmed says:

    man i just love your videos

  13. Avataaar/Circle Created with python_avatars Karlé Cronje says:

    Awww the doggo🥺🥺🥺😍😍😍😍!!!!!!

  14. Avataaar/Circle Created with python_avatars Arbi Braho187 says:

    You say start small,i agree for ex i bought a house for 200.000 and i need to pay per month like 900 or 1000…
    How im going to buy in 1.5 year or invest in my next house when i already have a credit to pay????

  15. Avataaar/Circle Created with python_avatars Cal Pr says:

    I’m 17 from uk , my net worth is roughly 40k and I’ve saved myself about 20k and have a job where I’m paid £1300 a month, I really want to get into real estate and looking for advice on what I should do. Should I stay at the job for a x amount of years and save up to a specific amount or even start now ? I also invest in stocks and have had a solid growth in my portfolio. I need help. Thank you in advance.

  16. Avataaar/Circle Created with python_avatars PyroShredder617 says:

    Just invested $600 through a real estate investment app and roughly $150 on coinbase into a few different cryptocurrencies including Bitcoin. Sound like I’m on the right track?

  17. Avataaar/Circle Created with python_avatars Illuminate_Us says:

    So say… i start out with about 250,000. Would it be smart to buy a property out right and then rent it out, Or put 10 to 20% down on multiple properties and then pay those loans off over time.

  18. Avataaar/Circle Created with python_avatars Diederick Dunn says:

    What if you create your own contracting business and then wrote it off to that business?

  19. Avataaar/Circle Created with python_avatars Em S says:

    YES I LOVE THE PUP EDITION!! lol

  20. Avataaar/Circle Created with python_avatars Dj4lejanDRO says:

    I had to pause because the dog …. the dog had me intrigued you have this like good sir now I will continue the video 👀

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    I love the dog

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    Bruh cmon i have a name of a dog😂

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  29. Avataaar/Circle Created with python_avatars Ricardo says:

    Hey Graham,

    I have noticed you are always advising to buy duplex, triplex or houses but never condos. I understand that is because condos are do not increase their value that much in the long run but what if this is the only type of property I can afford? I am in the middle stage of my career and still don't make enough money to buy a duplex, am I better off renting until the day I will be able to earn more money and buy a duplex? What if that never happens? Would renting still be better than owning a condo? Please comment

  30. Avataaar/Circle Created with python_avatars Jen Maldonado says:

    Very well explained! To get to the passive income, it requires time and work. I don't like to manage my properties because I don't like midnight calls or contractors calling me for details.

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