Home Trending VideosGraham Stephan How I Bought My NEW Las Vegas Home For $0

How I Bought My NEW Las Vegas Home For $0

by You Are Rich

Graham Stephan Channel

It’s a very real and measurable energy field that creates, everything. In fact, the Field is as close to measuring what we think of as “God”… As human beings have ever gotten. And get this: All the wealth you could ever imagine… ALREADY exists within The Field. Find out more and change YOUR life!
https://www.youarerich.com/recommends/wealth-compass/

“These are the exact same overnight millionaire mind-hacks that I personally used to manifest over $1,071,995 CASH in my bank account…”
https://www.youarerich.com/recommends/overnight-millionaire/

Exposed: How the World’s Richest and Most Connected People are “Re-Wiring” their Minds for Automatic Success…
https://www.youarerich.com/recommends/amazing/

Here is how I effectively was able to buy my Las Vegas Home for $0 out of pocket, and we’ll talk about JUST the financial aspects behind the move – Enjoy! Add me on Instagram: GPStephan LIMITED TIME: Get 3 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main

JOIN THE WEEKLY MENTORSHIP – https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/

THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw

The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF

My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB

Here in the United States, you first have whats called your FEDERAL tax bracket, which is how much you owe the IRS, depending how much money you make. This is the same WHEREVER you live in the United States, this is all the same for everyone…except Puerto Rico, but that’s the topic for another video.

NOW…In ADDITION to paying FEDERAL INCOME TAXES…almost every state has an income tax that you owe THEM, completely separate from the IRS. As you can see from the chart, some states have ZERO income tax – like Texas, Nevada, Tennessee, Florida, Washington, and so on…and others range anywhere from a few percent all the way to 13.3%.

Now, if we approach this from PURELY a TAX STANDPOINT – Las Vegas does not have ANY state income tax

I was able to get a fixed mortgage at 2.875% interest, with 15% down, for 30 years, at a $1,440,000 purchase price. That means my monthly mortgage is going to be $5,078 per month, my property taxes will be about $1050 per month, the HOA is $300 per month, and my home owners insurance is $200 per month.

That means my TOTAL out of pocket cost to own this home is $6,628 per month…however, when you pay a mortgage, a portion of that goes towards home equity as you pay down the loan…meaning, when you account for $2150 per month going towards home equity, my “total out of pocket” is ACTUALLY reduced to $4,478 per month to own this home.

Not only that, but because I’m planning to use half of the house exclusively for business and filming, HALF of that amount is a write off against my gross income – bringing my out of pocket cost, after tax write offs…to $3582 PER MONTH to own this home.

That means that, even though this house had a purchase price of $1,440,000 and it’s costing, NET, $3582 per month after write offs…not only do I get an extra 2000 square feet to create new filming locations from, but I’m also able to SAVE $33,000 PER MONTH since Las Vegas has no state income tax.

Now, of course – for anyone curious, YES, I WILL STILL OWE California State Income tax on ANY revenue generated from and in California. That means that all of my rental property income in California will be subject to State Income Tax, and any business I do in California will be carefully accounted for so I can pay the appropriate tax. But, because nearly everything else that I do can be done remotely – moving here gives me significantly more opportunity to continue growing and expanding, and bringing YOU even better content to watch day after day.

This is certainly not to say that EVERYONE can do this because there are a lot of factors to take into consideration…but, for me, that is how I broke down the math with how it pertains to myself and this home.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected]

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

You may also like