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This video was sponsored by Skillshare
As the saying goes, oftentimes your money is made when you BUY the property - not when you SELL the property. Here’s 5 strategies that you can use to make instant equity when you BUY - enjoy!
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50
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 $125 million in sales: https://goo.gl/UFpi4c
When it comes down to making INSTANT MONEY, here’s what I mean…it means that you can purchase a property for LESS than what it’s worth by understanding exactly what to look for.
First, look at homes listed on the market over 100 days. From my experience, past 100 days is when homes have a VERY hard time selling…the mindset of 99% of buyers is to pass it up because it’s an old listing. As an investor, it’s YOUR responsible to understand your local market and identify properties based on their REAL value, not the value of how many days its been listed on the market. Typically, the sellers of homes listed over 100 days on the market are DESPERATE to sell…and many of them are already priced slightly below what they’re worth thanks to an ineffective real estate agent. USE THIS TO YOUR ADVANTAGE.
Second, look at homes with really bad photography. PICTURES of a property don’t dictate what the home is worth. The home is worth what it’s worth…but in terms of what you can buy it for, the less competition you have, the more leverage you have, which means the lower the price you can buy it for. Most buyers will pass this up!
Third, look for properties with VERY little information listed. For example, here’s one little secret I’ve used…for some reason, if a real estate agent doesn’t know the EXACT square footage, they just list it as 0. When ANY buyer or investor looks at a property, 99% of them put in a minimum square footage - because of that, these properties don’t show up. I’ve also seen listings that don’t list the number of bedrooms or bathrooms, they don’t use ANY description, and they combine all of this without any pictures…it’s crazy. And again, most buyers see this and automatically pass on it…even though it could be the BEST HOME IN THE WORLD. LOOK AT THESE PROPERTIES. These are opportunities.
Fourth, look for homes that need some cosmetic repair. Look for properties with old, dated kitchens…maybe they have disgusting carpet. Peeling paint. Etc. Even though is going to cost you money to fix, this is generally the BEST, safest ROI out there when it comes to real estate.
Fifth, look for expired listings. Many times the seller wants to sell, although they don’t want to list and go through the hassle again. By approaching these sellers, you can usually get a very, very good deal on a home!
Doing this is all about knowing your market, understanding market inefficiencies, and knowing how to spot them!
For business inquiries or paid 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
Thanks for watching! Add me on Snapchat/Instagram: GPStephan
This video was sponsored by Skillshare
As the saying goes, oftentimes your money is made when you BUY the property - not when you SELL the property. Here’s 5 strategies that you can use to make instant equity when you BUY - enjoy!
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50
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 $125 million in sales: https://goo.gl/UFpi4c
When it comes down to making INSTANT MONEY, here’s what I mean…it means that you can purchase a property for LESS than what it’s worth by understanding exactly what to look for.
First, look at homes listed on the market over 100 days. From my experience, past 100 days is when homes have a VERY hard time selling…the mindset of 99% of buyers is to pass it up because it’s an old listing. As an investor, it’s YOUR responsible to understand your local market and identify properties based on their REAL value, not the value of how many days its been listed on the market. Typically, the sellers of homes listed over 100 days on the market are DESPERATE to sell…and many of them are already priced slightly below what they’re worth thanks to an ineffective real estate agent. USE THIS TO YOUR ADVANTAGE.
Second, look at homes with really bad photography. PICTURES of a property don’t dictate what the home is worth. The home is worth what it’s worth…but in terms of what you can buy it for, the less competition you have, the more leverage you have, which means the lower the price you can buy it for. Most buyers will pass this up!
Third, look for properties with VERY little information listed. For example, here’s one little secret I’ve used…for some reason, if a real estate agent doesn’t know the EXACT square footage, they just list it as 0. When ANY buyer or investor looks at a property, 99% of them put in a minimum square footage - because of that, these properties don’t show up. I’ve also seen listings that don’t list the number of bedrooms or bathrooms, they don’t use ANY description, and they combine all of this without any pictures…it’s crazy. And again, most buyers see this and automatically pass on it…even though it could be the BEST HOME IN THE WORLD. LOOK AT THESE PROPERTIES. These are opportunities.
Fourth, look for homes that need some cosmetic repair. Look for properties with old, dated kitchens…maybe they have disgusting carpet. Peeling paint. Etc. Even though is going to cost you money to fix, this is generally the BEST, safest ROI out there when it comes to real estate.
Fifth, look for expired listings. Many times the seller wants to sell, although they don’t want to list and go through the hassle again. By approaching these sellers, you can usually get a very, very good deal on a home!
Doing this is all about knowing your market, understanding market inefficiencies, and knowing how to spot them!
For business inquiries or paid 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
Your voice sounds deeper here than it does in newer videos. The newer videos, your tone is probably more approachable without as much people likely to think of you as a “douche,” it comes across more journalistic.
Over here you come across a lot more laid back but still very confident (a little bit more actually). It was really refreshing seeing this again
I never hear you talk about school zones this is very big for families. How do you feel about this. Is there a video where you have spoken about it that i haven’t seen.
HORRIBLE video. Equity is fictitious money until it's in the form of a CHECK!
How do you find expired listings?
I love Graham, but his advice in this video absolutely does not fly in all markets. He's talking about putting $80k into a home renovation and getting back $150k. Even relative numbers do not work when you are in South Carolina and the home costs $115k and you just renovated the kitchen for $15k. You absolutely will NOT get $30k more from the house by doing that kitchen renovation. His numbers work for California and $$500k+ homes, probably.
Taking advantage of bad real estate listings…interesting. thanks for the video. Like button smashed
is it possible to cut off those ads for us who pay youtube premium?
Would any of you lovely wealthy people like to donate $100k to me so that I can afford the down payment, and renovation fees to buy my first property? You get the satisfaction of knowing that you helped someone less fortunate than yourself 😇
This video should have more views
This’s GOLD!
Actually laughed out loud when you were describing how the bad pictures were taken.
I just requested that you make a video on the top 5 credit cards but honestly I’m more interested in your real estate knowledge & id like to add that I actually am a new agent. & I think it would be a really cool video idea for me to pick your brain & possibly get some really good content for your community.. keep up the awesome work. Your videos are unique & more than adequate.
Quit sayin' avocado toast. Quit mentioning macchiato drinks
u puss pudss
.
I agree. I made my money buying one in 2001 and one 10 years to the month later in 2011
Waiting for 2021 CRASH!
I found a foreclosure that's been listed for 30 days, 50k, the area is a high priced housing area as well. What do you suppose I do? Is it too good to be true?
Thank you for this, one just wouldn't have thought of all of the things you mention.
are you not worried at times that by sharing this information it could cut into your possible profit margins? the market is big but if finding property to sell takes time then for every person you add to the sellers market can this not potential double the potential time it might take unless the market is so good that there are just houses waiting to be sold by the right person at any given time?
Now would be a good time to promote my photography services. If you're in the Greater Toronto Area hit me up to increase the value of your property through professional quality visuals 🙂
It was my absolute pleasure to watch until the end! Thank you for this video!!!
Finally a video worth watching. Jk! But yeah inefficiencies are opportunities any time. They’re the equivalent of clearances when the supermarket overbought product themselves.
Love the strategy you have done and share Graham 8)
You mention Avocado Toast so much I'm starting to think I need to go make some! What happened? You've obviously got a pet peeve here. Whats the story lol?
Graham, great ideas. Possibly my favorite of your youtube offerings.
I wish I had watched this video before buying my first house a few months ago. It's amazing how just just a little insight into how the market and home selling operates that can change your outlook when on the hunt for a house.
How is equity calculated? Like who determines what new carpet will add to the home value?
and you can be a contractor/builder… then the renovation cost is like a fraction… then you run a team fixing houses full-time.
Graham! Holler at me! I'm in the game now! I could use some insight from you on my purchase!
Short sale
love it
graham would you buy a moblie home as a place to live and or as a investment to rent out
What would be a good website to search for these listings?
…..WHAT ABOUT "INVESTING" IN "PEER TO PEER LENDING" IN "REAL ESTATE", AS WITH "FundRise", or something like it (?)…