Truth! ALWAYS get a home inspection ESPECIALLY if the property is listed as a “ new” build. You will be surprised what is unearthed! I was saved from a potential financial hardship going into a “new” build with a home inspection.
Down the line I may be wanting to move. This information is invaluable to the home buyer. Thank you for generously sharing what nobody teaches. This is a course, no tuition required.
You have good advice and good Information thank you I am a retired mason and construction worker! I have proof of funds and will willingly show it! If I do an inspection it will be accurate and an honest inspection.
I've learned so much from this guy that even most realtors now seem dimwitted to me, and I've never even bought a house. Best real estate buying teacher on the net, hands down. Thank you, Wayne, for another brilliant video! 👍
@@davidparker9676 I don't. Most of them, I said. But what I mean is, rather than most of them being good and a small percentage being really knowledgeable, it seems the inverse, actually. The good ones seem especially rare. A friend called a realtor just recently, and he picked up the phone. "Uh, hello?" he said. Then he said nothing more, as an awkward silence hung in the air. "Hello?" she said. Then he replied, "Hello?" "Yes, HELLO," she said, wondering if she'd gotten a wrong number. Then he said nothing, all over again. "Have I reached 123-456-7890?" she asked. "Yes," he finally acknowledged, saying no more. "Is this ABC Realty Brokerage?" she asked. "Yes," he said, going silent again. Our jaws dropped. THAT'S how he answers the office phone??? Then she told him she had some questions about 123 Anystreet, and he said to ask. These were BASIC questions -- was there water and sewer, as it's in a massive flood zone. "Which flood zone is it in?" she asked. "I know it's in a flood zone, yes," he said, (Who doesn't? It's literally a stretch of river you're purchasing). "...but I don't know which one, and I don't have it in front of me..." And nothing more was spoken. Well, since this is a prospective customer, here's a pro tip -- if it's not in front of you, how about getting it out of the file (that is, if you bother to have a file? Maybe not...) Or offer to call back? Nope, that's just not a thing in his world, apparently. He was clearly satisfied with "dunno" being his answer. Sadly, I've met more realtors like this guy than sharp ones. Lazy, clueless, etc. I know there are good realtors. I'm just shocked how seemingly rare they are.
I enjoy watching your videos. I had a realtor tell me about a house I was interested in tell me that hub would approve the sell because the windows were boarded up. I'm thinking what? Another house I was looking at I agreed to the neighborhood and brought in a home inspector and yes the cost is around $350 to $400 . I've had the same realtor tell me to go through a homeownership program for hub she said it would only take 2 or 3 weeks to get through it. It took me over 6 months to get that piece of paper. Come to find out she never took the same tests and didn't know how long it would take. The Realtor should be made to go through this as well if they want to represent HUB. Me working full time took longer after that " I " should have my real state license.
Wayne, I found your channel on 11/15/24 and I’m excited I did because your channel content is pertinent informative Educational regarding knowledge when to buy a home and what to inspect. Thanks so much.
It depends on your area, but I would budget $1000-$1500 for all inspections. It’s an expense, but it’s absolutely worth the peace of mind to know you’re not purchasing someone else’s problem.
A general inspection (they look at all major systems and will refer you to an expert… HVAC or roofer for example… if necessary) is going to cost about $400-$700. Mold inspection will be about $500-$700. HVAC, roofing and termite are all about $100-$200. Plumbing scope inspection is about $150+ (some general inspectors now offer this service as an add on to their whole house inspection)
My uncle owns an old home in Florida. There is an outbuilding that sits on the property line with the neighbor. Built probably in the 30s. My uncle is selling the property but cannot include any value from the outbuilding.
Hello, I’ve been watching a home on a cash only auction for 2 months. Nobody has been bidding on the property because they don’t allow showings. Hard money lenders are not willing to work unless I’m buying as a fix n flip. I want the property for my primary residence, and can find funding. Are there resources that would fund a cash auction then allow a refi after?
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for what you do Wayne. I want to buy a property in the rainbow states park in florida, close to the rainbow river in Dunnellon, Is it a good idea to buy property or land close to this river? Thank you! God bless!
I have tried to contact you through your website bowl from my laptop in my phone and my information is never sent to you. I’ve tried over the last six months to no avail.
@@klwthe3rd It depends on how much mold and where it is in the structure. It can be very cheap, or very expensive, depending on what your situation is.
hard reset on housing??? goodluck if you missed covid... mortgages went down due to covid "lay offs" as you can't get a mortgage if unemployed / laid off; my employer did NOT lay me off during covid and I refused the government layoff (the government was paying you more to stay home than your actual average employer paid you to come to work). I locked in a 3.2% mortgage during covid... my current mortgage payment for a 3 bedroom HOUSE is like 400 bucks less than the rent for an average 1 bedroom apartment in my area TODAY... as long as there are more humans on earth than HOUSES, the housing demand will NOT go down.. demand dictates the prices.. even if there is a "hard reset" on mortgages there will be a bid war for available homes meaning even if a 300k house now goes for 100k there will be MANY bids / offers on that home driving the price right back to 300k.. shit, I had to pay 15k OVER the sellers asking price on my home because there were numerous bidders during covid... I had to up my bid twice to win the seller's approval... my house is now estimated at $35k over what I paid for it in 2021
You can find other foreclosures without paying for a service. I bought a house off of Hubzu in an auction. The auction process can be very frustrating because the banks are not obligated to accept the sale if you win. Check with the courthouses for properties from the county you want to live in.
@davidparker9676 so after what you went through, you suggest I check with the court house instead? I’m sorry you had a frustrating time with the auction. Thank you for the advice! We’re wanting to buy this year or next year and looking for the best way to go with that.
@@Debbie-Savings The courthouse auction will require you to attend the auction. You can also get in touch with a realtor and have them bid on the website auctions on your behalf. Many of the really good deals are as is with no inspections ect. It can be very risky if you are unprepared to do repairs. My foreclosure house was vacant for 3 years and needed several repairs before I could get the power and water services. The city had a hold on the utilities until an electrician inspected the home as well as other inspections and required repairs.
@davidparker9676 Oh wow! You really did have a lot of frustration going on with buying your home! I’m sorry you had to deal with all that! Unfortunately, I guess there are a lot of “unknowns” that you can be hit with! I hope even with everything you went through, that things worked out for the best and you got a good home at a great price in the end! I’m looking forward to buying something, but not looking forward to the process.
So I have 5 places I want to possibly buy. Lets say I get to this point.Now comes the no brainer type of question. How can I afford to have 5 different properties appraised , inspections, etc, etc? appraisal cost at least $500, inspection costs 300 or more. Thats about 5,000 to 10,000. Which is money I dont have.not saying you dont give out good advice, you just dont seem to answer any of the questions that really matter. No one buys a house with only 1,000.00 There are more costs involved.
I know Melanie Ann Karnavas. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I attended her seminar in Brisbane last year.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Erin Gambrel is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling! Thanks to Erin Gambrel
Truth! ALWAYS get a home inspection ESPECIALLY if the property is listed as a “ new” build. You will be surprised what is unearthed! I was saved from a potential financial hardship going into a “new” build with a home inspection.
New construction takes a leap of faith.
Down the line I may be wanting to move. This information is invaluable to the home buyer. Thank you for generously sharing what nobody teaches. This is a course, no tuition required.
This is a solid show with good advice. And dude, that beard is significant.
You have good advice and good Information thank you I am a retired mason and construction worker! I have proof of funds and will willingly show it! If I do an inspection it will be accurate and an honest inspection.
I've learned so much from this guy that even most realtors now seem dimwitted to me, and I've never even bought a house. Best real estate buying teacher on the net, hands down. Thank you, Wayne, for another brilliant video! 👍
Some realtors really know the area and history of the home you are looking at. Don't dismiss them all as dimwits. Some might be, don't hire them.
It's the 99% of agents that give the good ones a bad name.
@@davidparker9676 I don't. Most of them, I said. But what I mean is, rather than most of them being good and a small percentage being really knowledgeable, it seems the inverse, actually. The good ones seem especially rare. A friend called a realtor just recently, and he picked up the phone. "Uh, hello?" he said. Then he said nothing more, as an awkward silence hung in the air. "Hello?" she said. Then he replied, "Hello?" "Yes, HELLO," she said, wondering if she'd gotten a wrong number. Then he said nothing, all over again. "Have I reached 123-456-7890?" she asked. "Yes," he finally acknowledged, saying no more. "Is this ABC Realty Brokerage?" she asked. "Yes," he said, going silent again. Our jaws dropped. THAT'S how he answers the office phone??? Then she told him she had some questions about 123 Anystreet, and he said to ask. These were BASIC questions -- was there water and sewer, as it's in a massive flood zone. "Which flood zone is it in?" she asked. "I know it's in a flood zone, yes," he said, (Who doesn't? It's literally a stretch of river you're purchasing). "...but I don't know which one, and I don't have it in front of me..." And nothing more was spoken. Well, since this is a prospective customer, here's a pro tip -- if it's not in front of you, how about getting it out of the file (that is, if you bother to have a file? Maybe not...) Or offer to call back? Nope, that's just not a thing in his world, apparently. He was clearly satisfied with "dunno" being his answer. Sadly, I've met more realtors like this guy than sharp ones. Lazy, clueless, etc. I know there are good realtors. I'm just shocked how seemingly rare they are.
@@therealestake 🤣🤣🤣That's how it feels, exactly. Well said...
Wayne is the man! I have gained a ton of knowledge.
And what a beard
Wayne can you do a video of what to look for and not look for in picking a real estate agents to help with an investing portfolio?
Appreciate you 🙏🏿 💙
Thank you for all the hard work to share those experiences and tips.
You bet!
Spread the word brother
I always learn something from your videos. Thank you
I enjoy helping.
I love the way you explain these concepts. Thank you!
I enjoy watching your videos. I had a realtor tell me about a house I was interested in tell me that hub would approve the sell because the windows were boarded up. I'm thinking what? Another house I was looking at I agreed to the neighborhood and brought in a home inspector and yes the cost is around $350 to $400 . I've had the same realtor tell me to go through a homeownership program for hub she said it would only take 2 or 3 weeks to get through it. It took me over 6 months to get that piece of paper. Come to find out she never took the same tests and didn't know how long it would take. The Realtor should be made to go through this as well if they want to represent HUB. Me working full time took longer after that " I " should have my real state license.
Wayne, I found your channel on 11/15/24 and I’m excited I did because your channel content is pertinent informative Educational regarding knowledge when to buy a home and what to inspect. Thanks so much.
Hello Wayne, thank you for your knowledge. Just curious, can we buy homes like this in country side Canada? Let's say Ontario?
I always think you speak the best, I love your words.
What would you pay for all these inspections, mold, plumbing hvac etc
It depends on your area, but I would budget $1000-$1500 for all inspections. It’s an expense, but it’s absolutely worth the peace of mind to know you’re not purchasing someone else’s problem.
Very helpful Thank you for sharing this
Glad it was helpful!
Those tree roots love Terracotta!
Thank you again Wayne
How much do inspections range from? Highest to lowest . Also what are the most important types of inspections?
A general inspection (they look at all major systems and will refer you to an expert… HVAC or roofer for example… if necessary) is going to cost about $400-$700. Mold inspection will be about $500-$700. HVAC, roofing and termite are all about $100-$200. Plumbing scope inspection is about $150+ (some general inspectors now offer this service as an add on to their whole house inspection)
Love Wayne, more nervous than a cat in a room full of rocking chairs 😅
Thanks
My uncle owns an old home in Florida. There is an outbuilding that sits on the property line with the neighbor. Built probably in the 30s. My uncle is selling the property but cannot include any value from the outbuilding.
Thanks!
What if your parents are selling the house and you are interested what are the advantages in buying from parents?
Good content
Hello, I’ve been watching a home on a cash only auction for 2 months. Nobody has been bidding on the property because they don’t allow showings. Hard money lenders are not willing to work unless I’m buying as a fix n flip. I want the property for my primary residence, and can find funding. Are there resources that would fund a cash auction then allow a refi after?
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
This is the golden truth
Money Talks, & Bullshit Walks🍷😎👌
Thank you for what you do Wayne. I want to buy a property in the rainbow states park in florida, close to the rainbow river in Dunnellon, Is it a good idea to buy property or land close to this river? Thank you! God bless!
Any land that you can build on is a good investment.
Check the flood zone for the property.
@@TheRealWayneTurner thank you for your answer Wayne, but any land? what do you mean?
@@sherrylingenfelter8991 thank you sherryl
I have tried to contact you through your website bowl from my laptop in my phone and my information is never sent to you. I’ve tried over the last six months to no avail.
Text my office phone. 985-626-1313
If there is mold what is the process to move and sustain it ?
Get a mold abatement company.
It's not cheap. From what i heard it like $10,000 or more.
@@klwthe3rd It depends on how much mold and where it is in the structure. It can be very cheap, or very expensive, depending on what your situation is.
waiting for after the recession/depression to buy a home. we need a hard reset.
Not gonna happen lol
@@dakotathompson8062 give it 2 to 4 years
hard reset on housing??? goodluck if you missed covid... mortgages went down due to covid "lay offs" as you can't get a mortgage if unemployed / laid off; my employer did NOT lay me off during covid and I refused the government layoff (the government was paying you more to stay home than your actual average employer paid you to come to work). I locked in a 3.2% mortgage during covid... my current mortgage payment for a 3 bedroom HOUSE is like 400 bucks less than the rent for an average 1 bedroom apartment in my area TODAY... as long as there are more humans on earth than HOUSES, the housing demand will NOT go down.. demand dictates the prices.. even if there is a "hard reset" on mortgages there will be a bid war for available homes meaning even if a 300k house now goes for 100k there will be MANY bids / offers on that home driving the price right back to 300k.. shit, I had to pay 15k OVER the sellers asking price on my home because there were numerous bidders during covid... I had to up my bid twice to win the seller's approval... my house is now estimated at $35k over what I paid for it in 2021
How much does the foreclosure website cost?
You can find other foreclosures without paying for a service. I bought a house off of Hubzu in an auction. The auction process can be very frustrating because the banks are not obligated to accept the sale if you win. Check with the courthouses for properties from the county you want to live in.
@davidparker9676 so after what you went through, you suggest I check with the court house instead? I’m sorry you had a frustrating time with the auction. Thank you for the advice! We’re wanting to buy this year or next year and looking for the best way to go with that.
@@Debbie-Savings The courthouse auction will require you to attend the auction.
You can also get in touch with a realtor and have them bid on the website auctions on your behalf. Many of the really good deals are as is with no inspections ect. It can be very risky if you are unprepared to do repairs. My foreclosure house was vacant for 3 years and needed several repairs before I could get the power and water services. The city had a hold on the utilities until an electrician inspected the home as well as other inspections and required repairs.
@davidparker9676 Oh wow! You really did have a lot of frustration going on with buying your home! I’m sorry you had to deal with all that! Unfortunately, I guess there are a lot of “unknowns” that you can be hit with! I hope even with everything you went through, that things worked out for the best and you got a good home at a great price in the end! I’m looking forward to buying something, but not looking forward to the process.
Spell some of the names. Is Oto public or Otor public?
No mortgage if termites.
No you can get a mortgage you just must have the home treated to terminate them and fix any repairs if any damage.
Lots of homes have some level of termite damage. Just don't buy the homes that don't have any wood left in them and poles of termite poop everywhere.
Hello, I contacted you all on line and have not heard from you yet. I filled out the form also. Thanks Zelda
We do apologize. We will be in touch today.
So I have 5 places I want to possibly buy. Lets say I get to this point.Now comes the no brainer type of question. How can I afford to have 5 different properties appraised , inspections, etc, etc? appraisal cost at least $500, inspection costs 300 or more. Thats about 5,000 to 10,000. Which is money I dont have.not saying you dont give out good advice, you just dont seem to answer any of the questions that really matter. No one buys a house with only 1,000.00 There are more costs involved.
Hi friend, can you define "escrow"" ?
Duh, not anymore.
Wow. There are so many gaps for someone else to not understand something.
I’m here to help. Everyone deserves a home.
@@TheRealWayneTurner will your idea work in California or is it possible only remote areas in the country
that's not a buick that's what i told him
👏🏾
You never gave out those websites
FindMyForeclosure.com
Yeah i tried to find those mold inspection test too. Couldn't find them.
Can you speak to tax lean forclouses?
It’s a myth
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
I suggest miss Melanie ann is extremely good on that. She is really good on what she does, Now I can pay so many bills because of her help.
I'm surprised that you just mentioned and recommended Melanie Ann, I met her at a conference in 2018 and we have been working together ever since.
I know Melanie Ann Karnavas. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I attended her seminar in Brisbane last year.
This is correct, Melanie strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started.
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
Thanks for the continuous update! I am super excited about how my crypto investment is going so far, making over 28k weekly is an amazing gain
How were you profitable? I know nothing about investment and I'm keen on getting started. What are your strategies
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Erin Gambrel is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
WOW!!! You know her too? I'm also a proud beneficiary of her platform
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling! Thanks to Erin Gambrel
Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Erin Gambrel
Just another dude walking around with a camera thinking he has all the answers. Lmao
If I have one person, I’ve made a difference, Skippy thank you for your comment. It helps push it out to more people.
@ keep up the talking heads lol, you might break through
If you can do better, post some content and enlighten us. It’s easy and free!
@ it’s just an observation, gotta admit there is a ton of bloggers who just video themselves talking while walking around random places
@ zero creativity