[Music] what's up Duncan it's Donuts here so almost a year ago I made a video breaking down in extreme detail every single one of my investments how I started how I built them up how much money they make and the lessons I've learned along the way going from zero all the way up to $13 million I really did my best to be as transparent and practical as possible when discussing my experiences because I've always been the type who learns best by example I want I'm able to see how other people do it it gives me a more clear path to follow not to mention throughout the last 2 years quite a lot has changed my accounts grown from $6 million in November of 2019 to $13 million in November of 2020 to now $22 million in November of 2021 yeah it's a lot of 20s and being able to track all of that publicly in real time for everyone to see should help provide some more context into exactly how that happened and where I plan to invest in the future so without further Ado here are the entire contents of my $22 million Investment Portfolio at 31 years old as always my intention is to make these videos as insightful and educational as possible because I know at least for myself I really enjoy seeing how other people manage their money and I'm just kind of nosy and I want to know where it all goes so with that said if you enjoy videos like this it would help me out tremendously if you gave the like button a quick tap for the YouTube algorithm that's it it seriously makes a tremendous difference for my entire Channel and it takes you just a split second like you would be done with it already had you already done that there we go so thank you guys so much and now here's my entire portfolio and how was able to almost double it in a year all right so to give you some context about where it all started I made my first major investment when I was 21 years old and I bought a single family rental property in San Bernardino California for $59,500 in terms of where I was able to get $60,000 at 21 years old it was really easy my dad said he'd give me an early birthday present because I got such good grades at school just kidding I got horrible grades at school I was a c student at best and my parents didn't have any extra money to give me instead what actually happened is that when I was 18 years old I found out that I was not getting into college because honestly I was a terrible student at skip school as often as I could and I would could to work instead I know it sounds odd but I got a part-time job at a marine aquarium wholesaler who paid me under the table and when I was doing that I just couldn't sit through a class because I felt like I should be putting that time to a more productive use which to me at the time was just going and working and making money but the result was that once the company sold off and shut down and I was graduating high school I didn't have the grades or the credentials to get into college so I decided to go and get my real estate license to get some work experience instead now at the time it was 2008 and the real estate market Market had literally just peaked the bubble was over and I started my career right at the height of everything just as prices were starting to crumble down but for me I didn't mind I had no reference to what a good real estate market even looked like so foreclosures short sales and bank-owned properties on every single block just kind of seemed normal but there was a bit of a problem in 2008 very few people were buying properties since the market was dropping so fast and on top of that not many properties were selling since there was so much coming on the market for buyers to choose from however I quickly found that there was an abundance of people looking to rent a home and that's where I found my strength as a real estate agent I would work 6 to 7 days a week 10 to 12 hours a day finding people homes and apartments to rent slowly but surely that business built up those renters referred me to other renters who referred me to other renters and really within the first 6 months or so I started building up an income of about a few thousand a month then after almost one year of doing that I happened to sell my first house through a client that I met holding an open house for another agent that very first deal that I closed was for 3 .6 million and that meant that my commission after all the splits and fees came to about $45,000 Not only was that a lifechanging amount of money for me but it also made me realize that if I could do it once I had what it takes to do it again and if I just follow that same path I could make even more money then from there only 2 months after I sold the first house I sold another house for $1.2 million to some tenants that I was showing around who decided to buy something instead after that the business just kept getting better and better the more tenants I I worked with the more people they would refer me to and the higher the chances are that one of them would eventually buy a house I continued on that trajectory working with pretty much anyone who's willing to work with me saving as much money as I could and within about 3 and 1 half to 4 years I had roughly $200,000 saved up now at the time I really wasn't saving that money for anything in particular I just knew that my career as a real estate agent was so inconsistent that I didn't know when I would close my next deal or how long it would take or how much it would be so I just felt safer saving as much as I could but in late 2011 the real estate market was absolutely awful properties were selling for less than half the price that they were a few years prior and it was around that time that I started to notice some really wealthy smart investors buying up real estate so I figured if all of these other people are doing this then it's probably something I should be doing too so after months of searching learning and writing offers I bought this property for $559,500 and since it was a bank-owned property I had to pay for it in cash I then spent another $112,000 doing some minor upgrades and today that home rents for $1,800 a month the value of that area has also gone up substantially and now it's worth somewhere about $380,000 I still own it I still rent it and I have no intention of ever selling this one especially because it was the first deal that got me into real estate to begin with now my second rental property was another single family home that I bought shortly after the first one for $72,000 in the same neighborhood see when I first started looking at real estate to buy I only focused on a few neighborhoods that I felt were undervalued and had sufficient cash flow potential but there was a bit of a problem with that because every single property that I was looking at was what was called a short sale this is what happened when the owner of a property had a mortgage higher than what the home was actually worth like for example back then someone might have had a $300,000 mortgage on a property that was now only worth $110,000 in most of those cases the owner could either no longer afford to make the payments or they don't want to make the payments so they go to the bank and ask for what's called short sale approval meaning the bank will agree to sell it to somebody else for a much lower price so that way the bank could get some of their money money back on the deal instead of spending years foreclosing on the owner only to take the property back and have to sell it for a fraction of what it's worth anyway however in 2011 since Banks were inundated with short sales the process could often take upwards of a year the way it would work is that a seller would list the property on the market accept an offer send that offer to the bank and then you patiently wait for the bank to accept or reject it usually about 4 to 8 months would go by before you hear anything from the bank and usually when they do get back they'll ask for a slightly higher price from the buyer at which point it's up to the buyer if they want to proceed or back out but then if the buyer backs out the seller is able to sell it to anyone else at the price the bank agreed on so I pretty much took this process as an open invite to write as many offers as possible knowing that if the offer didn't get accepted it's no big deal and if it did get accepted then I'd have to wait months to hear back anyway at which point I could back out if I no longer want the deal now this second property was one of those offers and when it came back with short sale approval I jumped on it like I mentioned I bought it for $772,000 paid for with cash and then I spent another $8,000 fixing it up and rented it out for $1,150 a month in fact to this day I still actually have the same tenant who moved in in 2012 I've never raised the rent they've always treated the place like their own and they've always paid on time and now since the market has gone up a lot in that area the home is also worth about $380,000 next my third property is a 3unit Triplex that I bought around the same time as the first two for $125,000 except this one was a bit of a handful of this this one was originally listed as a short sale for $105,000 in March of 2012 so when I saw this come on the market I immediately jumped on it I offered the full price $115,000 cash the seller signed it and then I patiently waited for the bank to see if they would accept now months went by and I ended up closing on the first two homes that I mentioned before the bank got back with approval on this one except the bank didn't approve the $15,000 I offered them instead they wanted $125,000 this was over my budget it was more than I felt the property was worth and it needed to be remodeled on top of it I was also really strapped for cash at the time and I couldn't afford $125,000 since I spent a lot of my money buying the first two properties so in preparation of maybe being able to buy this deal I chose to sell my car just so that I would be able to come up with enough cash to be able to close on it if they needed the money right away so I went back in and I offered them $110,000 and they very quickly said $15 take a release it so I sucked it up I paid the 125 and then I also spent another $115,000 fixing it up and doing some light remodeling now looking back I'm so glad I bought that property because it's been consistently rented since then and its current market value is somewhere around $460,000 with a rental value of about $2,800 a month after that my fourth property was bought a few years later in 2016 in West Los Angeles for $780,000 now prior to this my career as a real estate agent started doing really really well a lot of my past tenant started buying properties they referred me more business and as a result I was making significantly higher commissions to the tune of about $200,000 a year however by 2016 I noticed the demand for Los Angeles real estate was shifting further Inland as tech companies were moving into what's called silicon Beach outpricing those areas and causing people to move further out so I saw that as an opportunity to buy a home in the path of this appreciation by strategically buying just one step outside the current interest and in my mind I figured that if things contined to the same trajectory my area would be the next one to go up in value so I ended up buying a home for $780,000 representing myself as the agent and then spending another $60,000 fixing it up I later rented it out for just over $4,000 a month and then I sat back and waited for the market to do his thing and sure enough a few years later it did Google wound up moving their headquarters a mile away Amazon started a new Production Studio close by and the entire area saw a Resurgence of value and now the home is worth about 1,450 $50,000 next my fifth Property is something I featured a lot here in the channel and that would be the duplex that I bought in 2017 for $585,000 now at that time I was looking for an income property in the mid city of Los Angeles that I could buy for an investment I really like this area in particular because it was close to nearby Transit it was surrounded by several large new developments and it was just a 15-minute drive away from the beach plus most importantly it was one of the few areas left in Los Angeles that was under a million dollar I know that sounds absolutely Ely crazy but that's the market unfortunately though areas like this are highly competitive and I spent 6 months writing offers getting out bid losing deals and otherwise really getting nowhere until of course this place came up it was priced significantly under market value the owner was an out of area investor who had no idea what it was worth and the agent didn't specialize in the area either so they just kind of threw it up at a price that they thought it was worth so I swooped in and got my offer accepted before anyone else was able to see it and at the time I asked estimated it was probably worth about $675,000 and I was able to buy it at almost $100,000 under market value now it definitely needed a decent amount of work so I spent another $60,000 fixing up the unit redoing the roof redoing all the landscape and then by the time I was done I realized wait a second I could live here and the rent from the other unit would subsidize my cost not to mention I'm building equity and I'd be able to use the garage as a tax ride off if I Ed that as my office so it became a very easy decision to move in I was also able to renovate the unit next to me for another $130,000 when the tenant moved out and by doing so I was able to get a much higher rent than I could before so all in all this is a property that I was able to buy for $585,000 I spent $210,000 fixing it up over 2 years and now it's worth about $1,350,000 and rents for about $6,000 a month now my sixth property was purchased not too much longer after that in 2018 in Mid City Los Angeles and you guessed it it's another duplex that I paid $835,000 for this is one of those deals that I had no intention of buying I was not in the market for another property but I saw it come up I loved it I went to see it in person and immediately I saw that there was so much opportunity now what really caught my attention was that it was listed as a one-bedroom one B when in actuality it was a one-bedroom plus a room that you could easily convert into another bedroom with the guest bathroom that was adjacent to it so I could easily get a few hundred extra dollars a month by just calling it a two-bedroom instead because in a way it was so I went ahead and wrote an offer at a price that I felt comfortable paying which was their asking price of $835,000 however I also estimated that for the right person they would be willing to pay up to $900,000 because the home was really Charming there was nothing else like it in the area and it was the only legally zoned duplex on A Street full of single family properties now unfortunately for me they ended up getting multiple bids on the property they ended up accepting an offer that was $900,000 and I thought I missed out but a few weeks went by and that buyer ended up cancelling because they couldn't get a loan and then the seller went to the second highest offer which was was $875,000 but that person also canceled because they found something else so a month after coming on the market they came back to me to see if I was still interested and I was I offered my same price of $835,000 and after a week or so of going back and forth eventually they accepted it so as of today I'm currently getting about $5,200 a month in rent and it's worth about 1,175 th000 after that in early 2020 I bought my seventh property which was surprise another duplex in West Los Angeles and I paid $2.1 million for it which was significantly more money than I wanted to spend see I spent the majority of 2019 trying to find another deal to buy because frankly I was ready for some more space but it just seemed like there were no more good deals in Los Angeles everything was getting bit up prices got to the point where there was no more upside and even though I would make a few offers here and there ultimately everything ended up selling for a price that I was not willing to pay but then after almost a year of searching this place came up and we decided to see it just for fun even though it was out of my price range from what I wanted to spend and immediately I knew this is it it was in the perfect location it was walking distance to the beach the backyard was incredible and it had a completely detached second house in the property I knew financially I could make it work but it was way more expensive than I had ever wanted to pay so against my rational thinking I followed my heart and I went for it and since I was one of the first people to the open house and the very first one to write an offer I was able to get the price down to to $296,000 now honestly as much as I could justify this as a good investment at the core it was a really sentimental purchase because this home was located on the same street that I grew up on as a kid now keep in mind when I grew up there this neighborhood was not the expensive housing market that you see today throughout the late 1990s my parents were paying $1,500 a month in rent for a two-bedroom 1100t house that would have probably sold for anywhere between $300 and $400,000 and keep in mind at that time this was a lot of money today however since the current housing market is insane this property's value has increased from 2.1 million to $2.5 million today or in other words it's worth $400,000 more than I had paid for it 2 years ago without doing any work on it whatsoever now most of that is due to the housing shortage but even then I have no intention of selling it and long term I just believe there's always going to be a premium for Coastal real estate which makes this a good hold and lastly I made one final real estate purchase in late 2020 and that was this home in Las Vegas for $1,438 I also spent another $112,000 building out the pool in the backyard so all in I'm $1,550,000 this is our new primary residence after we made the decision to leave California which is almost exactly a year ago to the day even though I spent my entire life in Los Angeles and that was all I knew the quarantine really showed us that we don't have to live in Los Angeles to lead a happy fulfilling life and business it really opened the door to new locations that I never thought it was possible to move to but since my entire business really began shifting online it started to make a lot of sense to move somewhere else and try something new not only do I have a lot of people close by that I could collaborate with but there's also no traffic everything is substantially cheaper there's no air quality issues and I'm able to grow the channel in so many new ways that I never thought was possible for example I now have space for an in-house editor I built out a new filming Studio that's twice as large as it was before I have my own dedicated podcast set that's 15 ft away and everything I need is pretty much just within the confines of the house not to mention I'm also not oblivious to the tax savings of moving from California which has a 13.3% tax rate to Nevada which has a 0% state income tax rate just the tax savings alone on paper should pay for this entire property within about 3 years not to mention I've been able to do so many new collaborations with other people who travel to the area so it was just a no-brainer decision to make that happen not to mention Las Vegas property values have been going through the roof over this last year and since they purchased the property it's now worth about 2 .1 million or $550,000 higher than what I had locked in pricing about 15 months ago now in terms of where I think the future lies for Las Vegas real estate values even though there's no shortage of land to build for the foreseeable future developers just can't keep up with demand and a scarcity of materials combined with an influx of out ofate buyers should keep prices fairly buoyant for the next few years and now here's where we get to the new stuff throughout the last 2 years I've been placing a much larger importance on diversifying my portfolio away from real EST estate since to me strategically it's just not a good idea to have 100% of your portfolio in one asset class and so because of that I began investing in the stock market now some of that was very lucky timing since I was sitting on a lot of cash right before Co hit but that allowed me to invest a substantial amount during the February to June 2020 lows of the market I just bought a consistent mix of S&P 500 index funds and a few individual stocks that I thought were unjustly beat down and currently my largest stock market account is worth about $6.4 million of which is split almost 50/50 between individual stocks and index funds I also have a few other investment accounts that I use on a regular basis including M1 Finance acorns Ally invest Weeble Vanguard and public which will give you a free stock NOW worth all the way up to $1,000 we use Link Down Below in the description so overall I have about $7 million invested in the stock market and I continue to buy in on a regular basis throughout the S&P 500 the total stock market index and international index funds I'm just a boring Buy and Hold investor in this category and every now and then I'll dabble with individual stocks but it's not that often on top of that I've started diversifying my portfolio outside of just stocks in real estate and throughout the last 18 months I've also begun investing a portion of my money throughout the fintech space through Angel Investments this is when I invest in Supply funding for a growing non-public company and I've taken a huge interest to this kind of venture because it involves the companies and the apps that I use on a day-to-day basis unfortunately I can't disclose exactly how much I have invested for each company but I will say it includes the likes of yat Bank public Creative Juice two credit card companies I can't talk about quite yet and a small variety of others as of right now the total value of all of these Investments is probably worth somewhere between $2 and5 million but it's really difficult to say because these are not publicly traded companies and their value is somewhat dependent on their last round of funding not to mention these are very liquid Investments that I cannot cash out of I don't have access to any of that money I can't borrow against it and in the future they're either going to be worth a lot of money or I'm going to break even so as far as I'm concerned I basically just pretend like this money doesn't even exist and until it's cash in my bank account I don't count it as a sure thing I also have a few other Investments that are worth mentioning like one is my coffee company bankroll coffee which currently does about 20 to $30,000 a month in gross sales obviously only a small fraction of that is actually profit and of that profit it's all reinvested back into the business to keep it growing but I have a long-term Vision to continue growing this out and provide people with a great tasting affordable coffee delivered right to your door with free shipping on orders over $35 so make sure to stay tuned on how this plays out at bankroll coffee.com I also have a stock market app called The Hungry bll which provides a daily newsletter and a One-Stop shop that Aggregates all stock market information in one place including SEC reports earnings calls and anything else you need to know to do as much research as possible for long-term investing I'll link to it down below in the description but as of right now we have about 60,000 users and that continues to grow at a rate of about 500 new people a day all of this however is really just an investment in the future and it allows me to be a part part of a company from the very beginning and help grow it and we're almost done but my Investment Portfolio would not be complete without a few final options and that would include cryptocurrency in early January of 2021 I made a video on my decision to invest 1% of my entire portfolio in a 60/40 split between Bitcoin and ethereum and I'm not going to bore you with the details but the justification was simply this throughout the last decade a small allocation to bitcoin has been shown to be a successful hedge against your portfolio and it's a way to diversify into a new asset class that is isn't correlated with anything for me I just decided that I would rather have the 1% chance and be in it than take the 1% risk and miss out although something happened after I made that initial investment the more I began researching cryptocurrency the more potential I began to see and the more money I started investing what started as 1% quickly became 3% which soon became 5% and now my goal is to have 8% of my portfolio between Bitcoin and ethereum by the end of the year currently I have about a million dollars invested here and there's really not a lot of strategy into doing this I just buy Bitcoin and ethereum on a regular basis and that's pretty much it I also have some other alternative Investments that I think will continue going up in value like the 2005 4D GT and since I bought that about 10 months ago its value is already up about 25% based on some recent sales so in away the 4GT was about as good of an investment as the S&P 500 that's crazy and eventually I believe these are all going to be half a million dollar cars but hey we'll see what happens and lastly I know this one sounds quite excessive but I keep about $3.2 million of cash between High interest savings accounts CDs and treasuries now I get that that's a lot of cash to hold on the sidelines but keep in mind a big junk of that is going to pay a tax bill coming up very soon and I'm looking to buy another multif family property if a good deal comes up so I need some cash to pounce on that plus there's a bit of a safety net in here that if something were to happen knock on W it doesn't I have something to fall back on so between all of those accounts and Investments that I just mentioned it comes to a total of 2,370 not including the value of private Equity because for all I know that could be worth absolutely nothing in the future so it's not worth counting until it's cash in the bank account I also have about $4 million wor a Mortgage Debt and as I mentioned I have no intention of paying it off early because the interest rates are so low and inflation is so high now throughout this next year of 2022 I really just plan to do more of the same for me it's really just a no hassle approach of investing and I really enjoy being able to buy in the same thing consistently without overthinking it I also think that with something like this it's really important to give back and so right now I'm going to be donating $10,000 to team.org which cleans up one pound of trash for every $1 donated if you want to help me in cleaning up the oceans it's going to be the first link in the description and if you found this video helpful in any way the best way to thank me is just to a donation to team C's and any amount that you feel comfortable with even if it's just a dollar or if you just want to enjoy this information with no strings attached whatsoever that's totally fine but feel free to subscribe if you want to especially since that's free anyway that is my entire Investment Portfolio and I really help that provide some context into exactly what I look for how I invest and where I plan to invest in the future because like I said I find these videos incredibly valuable and it's my intention to continue being as open as possible when it comes to all of this information and to show you that you don't need to start off with a whole bunch of money in order to grow to something much larger in the future so with that said you guys thank you so much for watching I really appreciated as always make sure to subscribe hit the like button hit the notification Bell feel free to add me on Instagram and on my second Channel the gram Stefan show thank you guys so much for watching and till next time
