Matt McKeever is a real estate investor in London Ontario, Canada who’s quickly built up a portfolio of 16 rental properties – and over 80 tenants paying him rent – every single month. All within a span of 7 years. Here he shares two properties he just purchased, how he got into real estate, and what he looks for when buying. Enjoy! Subscribe to Matt’s channel: https://goo.gl/6ZqgrV
Feel free to add me on Snapchat / Instagram: GPStephan
For business inquiries, 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
Hahaha! Epic Video Graham! Thanks Graham for having me on your channel and shooting this video! This was so much fun to shoot – goofing around on the current job sites (we closed on two properties this week!). Also for all of Grahams fans that are wondering – Yes he’s just as cool and fun to hang out with in real life as he is on his channel!
For anyone interested in getting started in real estate – but lack of money or experience are holding you back – I recommend looking into wholesaling real estate – it’s a lot of work (to do properly) but if your serious about becoming a real estate investor – it’s a great gateway to becoming one.
This was epic, and thank YOU for allowing me to film the day! For those who don’t know, I found Matt’s channel a week after I uploaded my first video ever. We shared tips and tricks about YouTube, making videos, real estate, and what’s crazy was that he lives in the same spot I visit every year to see family. So this couldn’t have worked out better!
Your places look awesome man, cant wait to see how they turn out. Are you going to post some update videos on your channel as you complete the place?
Hi Dawson – yes you’ll be seeing updates on these projects on my channel. Also feel free to hit me up sometime if you want a tour to check out their current state.
GrahamStephan so when you buy properties to rent out, do you take a loan or pay for it 100%?
Cranjis – I’ve done both. The first three I bought cash. The next two I put 20-25% down. Ideally I’d like to stick with 20-25% down and get a loan for the rest.
Canadian or American dollars??!! Guys??
Canadian…we’re in Canada
i like how modest this dude (matt) is… probably makes bank in real estate investing, but doesn’t care about flashy cars & fancy clothes to flex his success. just look at his glasses @8:43
he’s wearing them even though the right arm is broken off. props to you, bro haha
People become fixated on money. What happens when the banks shutdown?
idk
that is 80 people that are not able to afford home due to lazy, parasite mentality bugs
Your videos have really pushed my daily actions in a positive way! I’ve already been doing good but I like how you think we’re gonna have to link up one day when my names carry’s weight with it! Much love man keep it up
That begs the question, Graham. Why live in that crazy place you live in? So many other places to live and make a killing in the US that doesn’t involve living under a semi-Communist regime. Get the heck out of dodge before everyone else comes to the same conclusion.
Love your channel!
Bro you held that saw so bad 😤
Oops
If I were asked to answer the following question: What is slavery? and I should answer in one word, It is murder!, my meaning would be understood at once. No extended argument would be required to show that the power to remove a man’s mind, will, and personality, is the power of life and death, and that it makes a man a slave. It is murder. Why, then, to this other question: What is property? may I not likewise answer, It is robbery!, without the certainty of being misunderstood; the second proposition being no other than a transformation of the first?
— Pierre-Joseph Proudhon, What is Property?
You don’t need to be jealous of being able to getting this return living in Canada, You can get it all over in the US just not in the major cities
Wanted to see before and after pictures
Awesome video good detailed info.
Where does that 250k of refinance come from dont really understand that part. English is not my first language, but can someone explain me the process. How do you get money back from building and also get rent money after that?
Question: When you refinance like you said in the video, does your mortgage need to be paid entirely? And do you have to put a down payment on the next house you buy if you use refinancing?
The first loan acquired is paid when refinancing. The cash you get from refinancing is the difference between the two loan amounts minus whatever down payment is required on the new loan.
Example: 100k purchase with 10k. Assume after some work on the property it is now worth 120k. You can refi to get 120K loan. So 120K – 100K – (120k x 0.10) = 8K cash
where you get money for remodeling
If it is your first property, save up from your job. Cut any costs you can till you get that down payment and renovation money saved. Once you renovate property #1 you have increased the value and can refinance it. For easy numbers take a home worth 100k. You pay 10%(10k) and the renovations will be another 10k. Assume renovations increase the value to 120k. You can now get loan on the home for the 120k value rather than 100k. If you use 10% on 120k you still have 108K. This 108K is mostly eaten up by having to pay off the original loan of 100k but still leaves you with 8K. You would now have 8K and a property paying you rent.
He blew the guy after this video
haha
happy holiday graham
Do you have or know any professional realtors in NJ
I don’t 😬
i clicked the bell
How does your credit hold 16 properties? Are you putting some of those refi’s in someone else’s name? Cause at $150k X 16 = $2.4M in debts
way back almost a year ago….
I’ve been loving your channel, but, as a Canadian, I often wonder what things apply and what don’t North of the border. This video is super motivational for me. Thanks for sharing, Graham. We’ll definitely be checking out Matt’s channel. When we’re back in Canada this summer I think we’ll be ready to hit the ground running.
Awesome!! I’ve got a similar one posting on Wednesday, keep an eye out!
@@GrahamStephan Notifications are on!
Whoa, didn’t know you lifted lol. You got like the perfect amount of muscle tbh, not so much its kinda obnoxious, but enough to make people think twice about swinging on you lol
Haha I want that fight club look
Dude at some point you need to bail on California for the East coast or something. One of our friends left Laguna Beach for N.C. and is making way more rent with the same amount of money invested. Like 2.5 times as more.
Wait for where a large corporation moves & starts up operations. Many times their in smaller communities & the company will move there for a tax break or such. Buy as many properties as you can, theyll be valuable over time & a good sell after getting paid off. Move to where the $ is going to grow.
Yes yes yes !! 100%agree. Commiefornia is not a place to thrive in any industry.
@@Santamonicadrainco no conservative evangelical neighbors. no thank you.
abbyboyone that’s why we’re making all the money baby!! Remember to keep your feelings aside and you will become successful.
Graham, I am a fan of your channel, but am also a little worried: what if there was another financial crash? What if neither could you sell, nor rent the properties you have purchased and being in depth by? Is it true that in the U.S. you can cancel your mortgage and become debt free if you declare bankrupcy, without needing to pay back to the banks? How does bankrupcy work in the US? Thanks 🙂
P.s. Houses are a liability if not rented. But your youtube channel is an asset, so keep up the good work and useful information 🙂
Cheers from Barcelona.
Great video
How many people does he have working for him? As in who keeps up with all the tenants and pays all the expenses and makes sure all tenants are paying
Lookin swole my dude 7:28
Great video! I’m curious do you all buy them under your name or an LLC?
Graham, nice biceps!
haha thanks
If you think his returns are really good you should buy some properties in Birmingham, Alabama. We get a lot of California investors buying our cashflow properties that already have a property manager and tenant in them. We have homes for $80k that rent for $800/mo. Contact me for more info.
That downstairs is to unfinished to be a property rental. You also need to have a window for it to be a legal bedroom. I have seen properties that had the drop ceiling removed and the cleaned up and painted to give it an industrial vibe and it looked great. The downstairs could be converted into a legal rental unit but it would need more windows, repairs to the ceiling, and better flooring.
this guys is real
THIS WAS FILMED IN MY CITY
NICE
@@GrahamStephan my city is littlerly so small like wth
Benny hopefully we see you at The Ontario Real Estate Conference this April in London
Character.
80 tenants..blessing and a curse
he’s at like 160 now…
I don’t know 80 people.
I know I’m coming in late to the conversation, but… at about 3:16, Matt says something like “at an 8% loan to value”, or “add that 8% loan to value…” I’ve listed over and over and can’t make it out – but it seems like he’s bringing up an important point, maybe a rule of thumb of how to value a property. Can anyone elaborate on what he said and what it meant?
Rich dad poor dad book and You two guys got me interested in real estate investing and cash flow watching your videos are a big help so I could learn how to get started and what it takes
This is gold!
@0:10 LOOK AT THOSE FUCKIN GUNS
Isn’t our economy based on debt? At some point, ‘muricans are going to have to stop consuming and work to build up their savings. Also, 20 trillion national debt that will never be paid.
What I am wondering is how would you write the ads to attract these tenants that only require a room. How is the sharing worked for the Kitchen and the bathroom?
I find it hilarious that in N America that’s a claustrophobic kitchen
Why don’t you make a video on what’s best between renting out rooms vs single tenant. It would be really interesting!
HAHAHA Graham is not a fan of keeping the kitchen cabinets!
hah
I really love the way you’re so happy for your friends, so honest with your videos that you share, and nice enough to share all the knowledge you have to help people.
I did that! Bought a three-bedroom home in the San Fernando Valley, Winnetka, added another bedroom by dividing up the living room, Rented out 3 bedrooms, lived in the master suite , I paid all my house bills and my mortgage mortgage! Than I had a full-time job I got to keep the money!
anyone can get rich through real estate. The problem your ignoring is that rich people get richer because they have a ton of their own money. I could be a millionaire but no bank on the planet would buy me a building when I have zero money to put down. RICH PEOPLE HAVE MONEY TO GET RICHER. real estate is one of the easiest most pathetic ways to become a “success”. your just leeching off people who need a place to live with an overpriced apartment.
This seems like a prostitution house.
Hmmmm… does it cash flow ?
Cool collaboration video and great insights from Matt! Seems like Graham would be a nicer landlord though lol
Maybe!
I kept waiting for the explanation how he made sure his tenants paid every month – but no, he just has eighty tenants.
(By the title, I assumed this was about his great people skills or tenant-choosing skills..)
Enjoyable all the same.
Definitely some tenants that don’t pay on time but there is processes in place that take care of that. N4 Forms immediately
Hey are you a real estate Broker or Agent?
Agent!
How exactly are you renting out the rooms like airbnb or like actual tenants.
I believe he is doing long term rentals
And that has changed now it’s a lot of airbnb now too
Renting out bedrooms in your own home can be very beneficial but it’s not always legal you have to check your zoning laws
In your own house ?
@@JeffWybo yes in your own house landlords have tried this in some areas and been hugely find
Graham, is the guru/ mentor that I stumbled upon that made me want to get into real estate 7:55
*Nice Bro!*
*House hacking has got me to where I am today*
Pretty sure 1 + 1 Is still and always will be 2.
Fantastic suggestion on the easiest value add item!
Me and this go way back to when I met him
A year ago
Uh, the building codes in every province require every bedroom to have a window to be used as an emergency exit. I know this because I was a building contractor in BC for forty years, plus I just had a nice talk about it with the local building inspector in the BC town where I just bought a house. He even measured the size of my windows to see if they satisfied the code requirements.
Also, even if it wasn’t legally required, only a sociopath would rent out a space that could become a death trap for one of his/her tenants.
Can you make a video about the budget you need to have to start? When buying/renting your first property.Everything from the down payment to unexpected expenses etc, or give your experience. What you had to start with.
This is all fine and dandy except student houses like that are illegal here in Ontario
You’re my Guru, Graham
You were using the sawzall wrong. Dont cut wood like that that has a load on it. It will press down on the blade and get stuck and make the sawzall bounce back and forth and you can injure yourself. Think cut in a manner where the piece of wood is dropping away from the blade. Best way I can think to describe it..
I could install new cabinets and floors for cheaper than trying to fix and paint those nastey cabinets. You need me as your remodeler.
Can I ask you how you find the fixer uppers. In my area I bought a few , but now it is like impossible, seems like some one got there before you can?
My first deal was a house hack duplex. It is the by far the best way to start in the RE game.
Glad you met, love you both! Stay off planes!
I still dont get why all of this is wood and so expensive
the first couple of seconds give a reeves vibe
This has no link to your content, BUT YOUR DOG IS REALLY CUTE <3
How does refinancing give him the 40 grand profit? Still learning someone help me out
@MattMcKeever 9:00 ish. Finding a partner with the same skill set isn’t addition it is division, it takes the two of you half the time to do the same amount of work ie 1/2=0.5. Finding a partner who has a different skillset is addition and increases the things you can do, 1+1=2. This is an important distinction when you think about scalability.
@5:22 love that he says whip 😂😂😂🤣🤣
This video is some of your best content – thank you!
Graham Stephan going to Tim Hortans? I don’t believe it, their coffee is more than 30cents
whos here in 2020
graham y dont u invest in that area
Thanks for sharing your insight
Graham can you make a video on how to manage real estate long distance? Or if it’s worth it? Should you just create your own real estate management company.
How long do you need wait before you Can refinance
1000th comment yes please
Really insightful But most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own by working hard. Mr carlos kingston @carlos_1uptrades on Instagram, is a legendary forex trader I have been trading with for about 7 mounths now, everything he says is pretty accurate lol i just copy them and earn $36,000 with him weekly, lol i never thought of selling my house again
Lol I thought that was also you in the background
holy crap … the quality in this video (recording, structure and dialogue) is so much different than what I normally watch from Graham! Insane. This is how you know everyone starts somewhere!
I was so distracted by his broken glasses had to rewind the video
I had no clue this video was 3 years old until i saw the Instagram logo at the end and him talking about youtubers starting to click the bell
“SunCor Financial MPI review” “
I have a question, I’m sorry it’s a stupid one. When you do househack and collect rent from other people living in your house, do you get taxed on those rentable income? Also, for the second case, when you get a property and put it out for rent, do you also get taxed on those rentable income, or are the checks for yours to keep only.
Where and how can you list your property? How can you also make your own contract for that tenant?
How much money does he need
I know this is an old video, huh Graham, why not expand your real estate into other markets? Like why stick to LA if there are better investments in other markets?
Graham you hate buying take out coffee but you love Tim Hortons
I’m Canadian and I love this link-up! Timmies at the end for the win
where the rest of this mans glasses go?? hahaaa 9:10
Bro that’s smart I’m gonna do that
How long typically do you think it will take for someone who lets say just bought a 4plex and now needs people to move in? Or sometimes am I able to buy a duplex/etc with people already living in them? (Please answer I need help lol)
How many properties that pay $600-$800 do you need to have to actually make a really good income a year? It’s doesn’t seem like that could be very profitable each year
His partnership advice could have saved me a lot of time.