How I Bought My NEW Las Vegas Home For $0


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):



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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

*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.



Robert Dunfee


  1. Deadzone Music
    July 15, 2021 at 10:33 am

    Tl;dw: paid $1.44M for house
    Saves money from decreased income tax and tax writeoffs

    …so no, you can't get a house for $0

  2. Glen Buckingham
    July 15, 2021 at 10:33 am

    you should change your channel name to let me brag about me channel

  3. islandsnow
    July 15, 2021 at 10:33 am

    I think you under estimating your property tax. It’s 1% of your purchase price

  4. k.d
    July 15, 2021 at 10:33 am

    i want to see you drinking starbucks coffie now …..once a year …

  5. Mana Flask
    July 15, 2021 at 10:33 am

    All's well and good until the California franchise tax board gets a whiff and comes after Graham for taxes due because a chunk of his income is still derived in California. So in essence it isn't truly 0% income tax.. more like a massive reduction from 13.3%.

  6. theolo vaj
    July 15, 2021 at 10:33 am

    You are awesome.

  7. Peter Parker
    July 15, 2021 at 10:33 am

    In Germany you pay about 42% tax no matter how much you make iirc

  8. Tom Archer
    July 15, 2021 at 10:33 am

    Well that’s a no brainier!

  9. sjtola
    July 15, 2021 at 10:33 am

    Great Video Graham. I'm planning to move to Vegas. I have a rental property in San Diego. After depreciation, I have a small net loss. Will I need to pay income tax to CA?

  10. Mazxlol
    July 15, 2021 at 10:33 am

    Jesus, hearing these numbers makes me pretty depressed. Life must be good when you have a lot of money

  11. DanN G
    July 15, 2021 at 10:33 am

    You sure I heard, they are going to tax the people that are making over 400k.

  12. Ashlee Caye
    July 15, 2021 at 10:33 am

    Welcome To Las Vegas 🎰

  13. Cup of JoTV
    July 15, 2021 at 10:33 am

    Why did you minus equity, that is literally the cost of the home.

  14. Stringer Bell
    July 15, 2021 at 10:33 am

    Heads up: There’s an account on here posing as you. They are trying to direct people to some IG account for investing. They stole your picture and use your name.

  15. Libby J
    July 15, 2021 at 10:33 am

    How about a video on Post Mortage Forbearance options? Mr. Cooper, other big companies and what options makes the most fiscal sense in the long run 5yr,10yr

  16. Passive Income Project
    July 15, 2021 at 10:33 am

    4:25 is when I start getting lost, he always explains the equity thing and I always have no clue what he is talking about. Can someone help?

  17. Neil Gonzales
    July 15, 2021 at 10:33 am

    Y not buy a 10 million dollar house if it would cost u 0 dollars?

  18. Mac Mccann
    July 15, 2021 at 10:33 am

    eh its too much words

  19. Andrew
    July 15, 2021 at 10:33 am

    Hey Graham. You made a wise choice not moving to Texas, based on the winter disaster happening right now.

  20. FireFly Odyssey
    July 15, 2021 at 10:33 am

    A $3M home cool but the smoke alarm needs a battery🤨😁

  21. Brendan McCann
    July 15, 2021 at 10:33 am

    Graham, I’m also thinking of leaving SoCal and buying in Mesa Ridge if there are any left; thanks for this video. Love your numbers on this home, but quick question: with 15% down are you paying PMI or is there a way to avoid it without taking out a second?

  22. Kimberly Irons
    July 15, 2021 at 10:33 am

    I live in vegas can you adopt me

  23. Stringer Bell
    July 15, 2021 at 10:33 am

    Bro, just bc a percentage of your mortgage payment goes to principal (or equity as you call it) doesn’t mean you don’t have to pay it. So you cannot remove it from your out-of-pocket cost in your equation.

  24. JGram
    July 15, 2021 at 10:33 am

    I hit the like button and the switch was instant 😂

    Well played Graham!

  25. Jose Samuel Chevres
    July 15, 2021 at 10:33 am

    I live in Puerto Rico! Make a video about what you were to say about PR.