Here’s exactly how I was able to increase my passive income from $6370 per month to $7930 per month within just one year, and some of the tips I’ve learned along the way. Enjoy! Add me on Instagram/Snapchat: GPStephan
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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
How I make $7930 per month:
Owning six rental properties - $4900/month
Paying down 3x mortgages - $2500/month in equity
Index Funds - $200/month
Ally Bank Savings Account - $330/month
Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up.
Some of the things I’ve stuck with over the last year:
Staying consistent: I really stuck to what I knew best…which is finding undervalued real estate with upside potential and renting it out. Anytime you’re investing your MONEY for passive income, have the same outlook. Unless the fundamentals of your investment have MASSIVELY changed, just hold and continuing investing by trusting the process that long term, you’ll do just fine.
Hiring a property manager. Even with their fee, it took a massive mental burden off my shoulders in terms of managing a property and a brand new tenant.
Third, I’ve continuing to live frugally and invest when I find a good deal. Even though $4900 per month is coming straight from rents, I still do my best to save as much of that as I can and just re-invest it into more real estate whenever I find a good enough deal. For all of you watching, none of this would’ve ever been possible had I not lived frugally, saved as much as I could, and invested everything I had when the fundamentals made sense.
And fourth, one last thought I’d like to make…even though I’m against trying to time the market, or wait for a recession or anything before buying in…just understand that if prices GO DOWN, THIS IS GOOD. I made my best investments in 2011 and 2012…people were telling me NOT to invest, that the markets were going down even further, that I should just hold cash… Instead, I bought long term, when it made sense, for the right deal, and just held…then saved for more.
When building up your passive income empire, start small…focus on one dollar at a time, and continue growing it to something huge.
If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.
Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
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
How I make $7930 per month:
Owning six rental properties - $4900/month
Paying down 3x mortgages - $2500/month in equity
Index Funds - $200/month
Ally Bank Savings Account - $330/month
Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up.
Some of the things I’ve stuck with over the last year:
Staying consistent: I really stuck to what I knew best…which is finding undervalued real estate with upside potential and renting it out. Anytime you’re investing your MONEY for passive income, have the same outlook. Unless the fundamentals of your investment have MASSIVELY changed, just hold and continuing investing by trusting the process that long term, you’ll do just fine.
Hiring a property manager. Even with their fee, it took a massive mental burden off my shoulders in terms of managing a property and a brand new tenant.
Third, I’ve continuing to live frugally and invest when I find a good deal. Even though $4900 per month is coming straight from rents, I still do my best to save as much of that as I can and just re-invest it into more real estate whenever I find a good enough deal. For all of you watching, none of this would’ve ever been possible had I not lived frugally, saved as much as I could, and invested everything I had when the fundamentals made sense.
And fourth, one last thought I’d like to make…even though I’m against trying to time the market, or wait for a recession or anything before buying in…just understand that if prices GO DOWN, THIS IS GOOD. I made my best investments in 2011 and 2012…people were telling me NOT to invest, that the markets were going down even further, that I should just hold cash… Instead, I bought long term, when it made sense, for the right deal, and just held…then saved for more.
When building up your passive income empire, start small…focus on one dollar at a time, and continue growing it to something huge.
If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.
Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
If only you put that money into bitcoin
First thank you man for all your videos. One question do you have any other video about “ the fundamentals of investing “ or a book ? Yes you need a book now 😂 so you can make more money 💰! 😉
It's taking Automation benefits and giving it back to the people. Yang $1,000/month Passive income, no brainer.
Big thanks to hilltophackers,wordpress,com they just made me $4,000 i really appreciate them for this..
Just so we are clear. For u to receive 200 monthly from your savings account. U have about 240,000 in there ? This was left out
Thanks for the great content. I paid off 2/3 rental properties and find myself wishing I went back in time and did not. I can no longer deduct mortgage interest and depreciation tax is not sufficient to offset gains(so taxed on W2 and income from properties, high-class problems). In an effort to minimize tax burden and use more leverage would you consider doing cash refi on the properties you own outright? To be able to BURRR and increase PORTFOLIO at a faster rate? What are your thoughts?
Hi Graham,
I hope you don't mind. A little correction: "Deligate" (Delegate) Tasks.
I've been watching your videos for the past two months and have been enamored with your genuine thoughts, insights, and way you present yourself. You're one of the most authentic YouTubers in this field. Keep the videos coming, because I'll keep watching. Thank you Graham.
Keep it up Graham!!
Can you do a video about tenant contracts
You are awesome Graham! I love the transparency of your videos. Hard work pays off. I just have a small request, your advice goes mainly towards the younger generation but please do not forget about the older folks who are heading towards retirement 😉 Thank you for all you do.
Bitcoins up 75% since this video
That’s a 200k sitting in the bank rotting like a tomato with 2% put some of it to index funds
1. Inherit 2 million dollars
2. Invest in REITs
3. $10000 passive income per month
4. Make “how to” videos on YouTube
When are we getting married though?
$330 a month at 2% savings account, Graham got a good little nest egg
Hi, what’s your thoughts on someone who moved jobs and now has an IRA with there old 401k? Should they withdraw the money and put it into a different account to accumulate that passive income or just transfer it into there new company 401k account? Or something totally different? Asking for a friend 🙃
He has $198,000 on his Ally Bank account.
$330 * 12 / 0.02 = $198,000
Hey Graham
Yes i also bought 2 repos at cheap prices in 2010 in Vallejo Ca
Hey Graham, is Acorns worth investing into?
Well to be perfectly honest, in my humble opinion, of course without offending anyone who thinks differently from my point of view, but also looking into this matter in a different perspective, and without being condemned of ones views and by trying to make it objective, and by considering each and everyone’s valid opinion, I honestly believe that I forgot what I was going to say….
Hard work?! Shhhhh…they don’t want to hear that, Graham. Ten years!? They want it now, Graham! Lol I love how you casually give them a reality check. Anyways, hard work always pays off.
Hi, I recently started this channel where I teach people to make money, if you want some REAL tips from someone who is up and coming, check my channel 🙏🏼
it can be done my friend does the same as u man! thats how i got in to it!
ive been investing in dividend stocks. i make 400 a mouth ! not 7930 lol! put im also putting away 1000 every month . hopefully soon i can invest in real estate!