I know she kept saying she was gonna ask stupid questions but honestly she helped clear a lot of things up! Thank you so much for asking the questions I wanted to! Simplifying everything he was saying really helped me on my journey so thank you! You have just gained another sub!
Sorry to be off topic but does someone know a way to log back into an instagram account? I was stupid lost the password. I would appreciate any tricks you can offer me
@@walterjordan7844 where are the other buddies of yours who "supposed" to come up with this magic software name and reply you how they magically recovered their IG account with that tool, fucking scammers!
Great info ! I cant think of another investment vehicle where you can borrow against itself to improve itself and LIVE IN. Next steps for me, find that mortgage officer to have a convo with. These are the renovation loan options I took from the video: 1. HomeStyle Loan 2. HELOC 3. 203k limited 4. 203k full 5. Cash Out Refi 6. Credit Cards 7. Cash
That was the video i needed 6 months ago when i started learning about finance. I already understand everything he said after 6 months of self learning but this was like super base line simple stuff a super beginner will understand!
My husband and I are trying to figure out the best way to add outdoor patio, fence property and put in a swimming pool. We’ve been in our home going on 16 years. We have 1 acre & quarter. We currently have 2% interest.
I'm in NY n I'm fishing for a loan for a home addition. I have a house that has a lot of equity but I don't want to refinance. What kind of loan can I apply for? Thanks in advance.
Can you get a HELOC if the house is paid for? There is no mortgage on the home but would like to use an HELOC instead of personal line of credit. Does there been to be an active mortgage on the home before doing getting that second mortgage.
I just bought a fixer upper with cash and spent all my savings on it. I do plan on working my butt off to save more for repairs because it needs totally redone, I'm trying to figure out the best option to remodel it to get it livable for my family so we can get out of our rental and start putting the money we pay in rent and put it towards our house/other wants and necessities. What is the best way to go about this? If I don't have a mortgage and I own the house 100% but my credit is trash in the 500's can I still get someone to finance me for that and just pay them back?
Unless you absolutely have to have this particular house, you should consider doing a flip. If it's a fixer upper I assume you got it well enough below market to make a profit. You should talk to investors in your area for advice on finding reliable contactors that can promptly start as soon as the contracts are signed. Use a hard money lender, if need be, get the work done in the fastest time possible, refinance with a cash out option to pay off the hard money lender or whomever you borrowed from. When you sell this home, you will make enough to move on to another property. Saving money to do repairs can take a lifetime. Smart people learn how to make money work for them. It's called positive debt and it's not the same as going into debt. Also, learn about the Brrrr method. Brrrr= Buy, rehab, rent, refinance repeat.
I know this video was 3yrs ago. I am a first time home buyer and my house needs allot of fixing. I need a newer better heating system because my current heating system is electrical, it don’t heat the house well and it cost allot monthly. My bathroom and kitchen needs to renovate the plumbing and electrical needs to redone. The issue I face is that I am a low income $35,000 a year and I max this on the mortgage and utilities so taking own a new loan would not be good for me right now. I wish to fix my house.
I found a home where the seller won't accept government sponsored loans. What are my options? I'm a renter and trying to buy a home, fix it, live in it and rent the bottom half.
Hey I know I’m late, but there’s still an chance the home is on the market. I am not sure as the market is going crazy these days. Anyways what loan do/did they accept?
A broker told me that I couldn’t do a cash out refi to do upgrades because I need to have 80% of equity in the home after I pulled out cash. So if I had a mortgage balance of 330k and if I wanted to pull out 40k that my mortgage after the refi would have to be $460k. So I scratched my head and said screw it I’ll just do one project at a time and I’ll just will pay out of pocket. But I find this a bit off because the last home I had I was able to take out money to redo my roof and gutters if a total of 15k. So I don’t know I feel like this broker is trying to get me to sell my home to buy a home of more value.
so iam here to try to get someone to help remodel my Niece's house she is a single mom with five children and a nurse at Florida Community health center she is a very hard working mother that cant A forward to remodel the home it was her mom when she passway she sayed so that all the hard work her mom went through paying on it would go to Waste she want to start fixing it up but something happens that it get put to a stop please find it in your heart to help her out. her aunt DORA GONZALES GOD BLESS
According to the video.. Average kitchen reno in the US: $12,000-30,000 Average small (half or partial) bathroom reno in the US: $10,000 Average landscape reno in the US: $5,000-100,000 Meanwhile, my house cost $80,000. This is why major renovations are pretty much out of my price range. Especially if I am too nervous to DIY fixes. Because I don't want to do janky fixes like the flipper did before me. I've literally had to re-do everything they "did" because they were hacky and just to sell the house.
Not sure on your location but have you called at least 10-15 local contractors for quotes? You'd be shocked sometimes, even in 2022, that contractors will still have some wiggle room on their prices for your business.
I know she kept saying she was gonna ask stupid questions but honestly she helped clear a lot of things up! Thank you so much for asking the questions I wanted to! Simplifying everything he was saying really helped me on my journey so thank you! You have just gained another sub!
Sorry to be off topic but does someone know a way to log back into an instagram account?
I was stupid lost the password. I would appreciate any tricks you can offer me
@@walterjordan7844 where are the other buddies of yours who "supposed" to come up with this magic software name and reply you how they magically recovered their IG account with that tool, fucking scammers!
Great info ! I cant think of another investment vehicle where you can borrow against itself to improve itself and LIVE IN. Next steps for me, find that mortgage officer to have a convo with.
These are the renovation loan options I took from the video:
1. HomeStyle Loan
2. HELOC
3. 203k limited
4. 203k full
5. Cash Out Refi
6. Credit Cards
7. Cash
Thank you. I needed a "too long, didn't watch" type summary.
I am on here to get as much information I can get, watching a lot of TH-cam videos doing my homework, I am a first time flipping homes.
That was the video i needed 6 months ago when i started learning about finance. I already understand everything he said after 6 months of self learning but this was like super base line simple stuff a super beginner will understand!
I inherited a house that has been paid off. What are the steps I can take to remodel it? It’s about 70 years old and definitely needs upgrading.
Sell it.
Watch tutorials and renovate yourself. Grow your wealth.
My husband and I are trying to figure out the best way to add outdoor patio, fence property and put in a swimming pool. We’ve been in our home going on 16 years. We have 1 acre & quarter. We currently have 2% interest.
This is great! Thanks for breaking everything down for the average person 😅
Love what you all do! You're a source of inspiration for sure. Keep up the good work!
I'm in NY n I'm fishing for a loan for a home addition. I have a house that has a lot of equity but I don't want to refinance. What kind of loan can I apply for? Thanks in advance.
I wanted to hear about home equity agreement
Love this video! Great information 👍🏻
Can you get a HELOC if the house is paid for? There is no mortgage on the home but would like to use an HELOC instead of personal line of credit. Does there been to be an active mortgage on the home before doing getting that second mortgage.
It would just be a regular mortgage.
Some banks have Renovation loan whenever buying homes.
I just bought a fixer upper with cash and spent all my savings on it. I do plan on working my butt off to save more for repairs because it needs totally redone, I'm trying to figure out the best option to remodel it to get it livable for my family so we can get out of our rental and start putting the money we pay in rent and put it towards our house/other wants and necessities. What is the best way to go about this? If I don't have a mortgage and I own the house 100% but my credit is trash in the 500's can I still get someone to finance me for that and just pay them back?
Unless you absolutely have to have this particular house, you should consider doing a flip. If it's a fixer upper I assume you got it well enough below market to make a profit. You should talk to investors in your area for advice on finding reliable contactors that can promptly start as soon as the contracts are signed. Use a hard money lender, if need be, get the work done in the fastest time possible, refinance with a cash out option to pay off the hard money lender or whomever you borrowed from.
When you sell this home, you will make enough to move on to another property. Saving money to do repairs can take a lifetime. Smart people learn how to make money work for them. It's called positive debt and it's not the same as going into debt. Also, learn about the Brrrr method.
Brrrr= Buy, rehab, rent, refinance repeat.
Great informative video 👍
Super helpful thanks.
Best advice I’ve come across!!
Love it guys
I know this video was 3yrs ago. I am a first time home buyer and my house needs allot of fixing. I need a newer better heating system because my current heating system is electrical, it don’t heat the house well and it cost allot monthly. My bathroom and kitchen needs to renovate the plumbing and electrical needs to redone. The issue I face is that I am a low income $35,000 a year and I max this on the mortgage and utilities so taking own a new loan would not be good for me right now. I wish to fix my house.
I found a home where the seller won't accept government sponsored loans. What are my options? I'm a renter and trying to buy a home, fix it, live in it and rent the bottom half.
Hey I know I’m late, but there’s still an chance the home is on the market. I am not sure as the market is going crazy these days. Anyways what loan do/did they accept?
What about 401k loan?
Most solar companies do unsecured loans now no lien on home so that info was not correct. Used to be popular in past though
I really need some help, I bought a property that needs renovations. I want to Refinance for cash out.
you'll have to pay closing costs again so probably not worth it
awesome content
what if you own your home. What options do I have.
You take out a mortgage on your own home.
Cuidado con refinanciar porque también el credit score tiene mucho que ver
its fine
A broker told me that I couldn’t do a cash out refi to do upgrades because I need to have 80% of equity in the home after I pulled out cash. So if I had a mortgage balance of 330k and if I wanted to pull out 40k that my mortgage after the refi would have to be $460k. So I scratched my head and said screw it I’ll just do one project at a time and I’ll just will pay out of pocket.
But I find this a bit off because the last home I had I was able to take out money to redo my roof and gutters if a total of 15k. So I don’t know I feel like this broker is trying to get me to sell my home to buy a home of more value.
Loan officers will quickly give money's for Roof gutters its not that costly and keels house dry
You don’t pay for college with a cash out loan! Buy ibonds or take a student 0% interest loan while they are in school.
Ugh cash out refi into higher interest yuck ,
She seems so nice
great
ty sent me
so iam here to try to get someone to help remodel my Niece's house she is a single mom with five children and a nurse at Florida Community health center she is a very hard working mother that cant A forward to remodel the home it was her mom when she passway she sayed so that all the hard work her mom went through paying on it would go to Waste she want to start fixing it up but something happens that it get put to a stop please find it in your heart to help her out. her aunt DORA GONZALES GOD BLESS
Love her questions, wish there was less mansplaining and the unnecessary “I’m going to ask stupid question...”
My God, triggered much? It must be exhausting to think that why all the time...
According to the video..
Average kitchen reno in the US: $12,000-30,000
Average small (half or partial) bathroom reno in the US: $10,000
Average landscape reno in the US: $5,000-100,000
Meanwhile, my house cost $80,000. This is why major renovations are pretty much out of my price range. Especially if I am too nervous to DIY fixes. Because I don't want to do janky fixes like the flipper did before me. I've literally had to re-do everything they "did" because they were hacky and just to sell the house.
Going through this right now.
Not sure on your location but have you called at least 10-15 local contractors for quotes? You'd be shocked sometimes, even in 2022, that contractors will still have some wiggle room on their prices for your business.
Yea, those flippers only do cosmetic renovations. Be very cautious.
Add this to the terrible videos that help zero with home improvement options.