Graham Stephan has been a millionaire for several years. But until recently, he has not lived like a person.
This real estate agent-born YouTuber has more than 3.4 million followers on his main channel and is expected to earn 6 million US dollars this year. When he moved from Los Angeles to Las Vegas in December last year, his life situation was greatly improved. promote.
Stephen, a native of Angelino, decided to leave California during the beginning of the Covid pandemic lockdown last year. When trapped at home, he doubled his bet on his YouTube channel because he could no longer work in real estate and decided that he needed more space than a 700-square-foot duplex apartment could provide.
When visiting a friend in Las Vegas who had just moved into a new residential development 20 minutes away from the Boulevard, Stephen learned that an unfinished house next door was for sale.
“We are really good friends and we have done a lot of work together,” Stephen told CNBC Make It, talking about the appeal of moving to the same complex. “And I can buy this house, we can live next to each other.”
In the summer of 2020, he bought this 3,900 square foot four-bedroom house for $1.44 million with a down payment of 15%. However, because Stephen was his own agent and charged a 3% fee, he ended up spending only $172,000 out of pocket. His 30-year fixed-rate mortgage has a monthly payment of $5,075.
Since the house is a brand new development project and is still under construction, Stephen made his decision based on the digital renderings, saying that he “believes that it will become very good.”
“I really don’t know what the floor will look like, what the kitchen will look like or something similar,” he said.
What he knows is that the layout of the house is “perfect” for his growing team, and there is enough space for the office and podcast studio, as well as an extra bedroom for his assistant to be with him Moved in to help him run his five YouTube channels. Previously, Stephan made his YouTube video in an unair-conditioned garage office.
Despite the seven-figure price, Stephen felt he “got a very good deal” at home.
“since [closing on the house], The property value of this neighborhood has risen by 15% to 20%,” he said. “A lot of people have moved to Las Vegas, and I don’t think this demand will stop anytime soon. “
When decorating his home, Stephen did not cut corners. He spent approximately $100,000 on furniture and art, including a huge neon sign with the slogan “Smash The Like Button” and a piano worth $80,000 that he bought for $16,000.
The core of the house is the 310-gallon aquarium at the entrance. So far, Stephan has invested USD 45,000 in the tank, equipped it with high-end water filters and lighting equipment, and filled it with fish, shrimp and coral. It is also home to approximately 50 hermit crabs and 70 snails.
Although he used to make videos in his garage, Stephen now has a dedicated office with an exact copy of the original scene that he is still located in Los Angeles. In order to maintain complete continuity between his videos during the movement, he even got another pilot wing table and a Tyrannosaurus skull.
Stephan also spent an additional $115,000 on outdoor swimming pools and hot tubs, as well as beautifying his backyard.
In Las Vegas, he enjoys more than just extra space. He said that escaping the notorious traffic jams in Los Angeles has greatly improved the quality of life.
“I like the fact that there are absolutely no traffic jams in Las Vegas. I can leave a place at 5 pm on Friday and walk five or six miles without requiring me to spend two hours,” Stephen said. “The culture here is incredible. The food is great. Anything you want is within a 20-minute drive.”
Stephen said that when most people think of Las Vegas, they immediately think of gambling and striptease shows, but he found peace in the desert.
“Las Vegas has really become such a beautiful, supportive, and friendly community,” he said. “When you leave the striptease, you will realize that this is a completely different way of life than people imagined.”
There is no harm in Nevada without a state income tax.
“I saved 13.3% [on taxes] Live here,” Stephen said. “This leaves me with more money, which I can invest in other places. “
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