I’m closing on my first house next Friday (29th) its an hour outside my current city. it’s just shy of 1500sqft , 2 car finished detached heated garage with 8acres of mixed land, woods/prairie, wetland/pond, house needs a little love like roof/facia, windows and some updates, has brand new furnace, water heater. Picked it up for $150k on a conventional loan, owners pay closing(3%) , $500 in Ernest , $1000 for inspection and appraisal, $1042 at closing, $1340 a month at 6.3%(sucks) but it’s better then 8%… I’m so happy I found this opportunity to get away from the big city and finally get a place to put my hands and tools to good use!
I got a rural developmemt loan when I was 19 yrs old and purchased our home. It was a life saver because the little bit of money I had saved up help buy appliances for the home. That was back in 2008 and I was lucky to get the loan with barely any credit and no co-sign. The subprime mortgage crisis actually benefited me and helped me because I should not have been able to get a loan that easy with no credit at 19yrs old.
Thank you for this comment based in reality. We have become a nation of whiners - “Woe is me. I am poor and it’s all one person’s fault and never mine so get for my guy into office so all my problems will be solved.” Some channels are full of these types of posts. I like your post because it showed a step by step decision making process to create generational wealth without complaining about someone not giving you something that you felt entitled to get. You found “workarounds.” That’s what I am seeking in the comment section- workarounds.
There are people who, with a little luck and initiative, can really make a go of an opportunity. The fact that not everybody does so is often used to deny the opportunity to everyone, which means that other hardworking people like you end up working hard but not getting ahead. People who idealize the homesteading, bootstrapping era usually overlook the fact that all those individual successes required a ton of federal and state government intervention in the form of the Homestead Act, railroad land grabs, and other things that were only possible due to artificially low costs of entry for the individuals who benefited. These days, those opportunities are mostly gone, and people are being expected to accomplish the same things as their predecessors withput access to the same opportunities and resources. The other bad thing that's happening is that everyone, particularly the Fed, pretends that the same economic conditions exists in every location. The low interest rates that are necessary in poorer or rural regions, and I'm not just talking about mortgages, create rampant inflation in major cities. The high interest rates that help balance the job market in high cost of living areas completely gut the economy in poorer states and lead to widespread debt slavery and lackbof economic development. Fed policy is invariably set to favor the parts of the country that are already rich and well developed.
Thank you for telling folks about the seriousness of toxic mold. It can cost a fortune to properly remediate a home and certain species of mold are more dangerous than others. Your health is more valuable than any “bargain” on a home. And beware of the shameless people who just paint over mold with Kilz. This is NOT sufficient and the mold will eat its way thru the Kilz. The HVAC system may need to be completely replaced if it is contaminated with mold. Spend the money and get a professional separate mold inspection before you buy any home!
This is so true. I lived in an apartment that was VERY cheap for several years, but started having tons of strange health issues. I finally realized the place was riddled with mold and management refused to do anything beyond slap a bandaid on it. After I moved out, my health issues went away in a couple months, thankfully. Don’t underestimate mold!
That’s what I’m dealing with right now. I know there’s mold because there was a leak in the ceiling pipes were constantly leaking and they had to keep coming to fix it. Now I’m sick all the time and constantly fighting mold on the walls. Sucks I need to move NOW!!
Well, I bought a 140 y/o old farmhouse with 4 kinds of mold. Water was coming in the basement because the yard was graded all wrong, which I fixed in a couple days. Got an ozone generator for around $250 and let it run in there for 30 days, then came in and vacuumed all the mold off of the floor joists in the basement and a few other spots. Came right off and never came back. Also had a fella come out and steam clean the hvac ductwork. Been living in it 8 years and never sick except for Covid twice. Another thing about this house, you can bring any plant inside and it will grow like crazy. People bring me nearly dead potted plants and within 6 or 8 weeks they’re bustin out of the pots.
I help flip homes for a large realtor in central NC , and walking thru homes all the time I get the same felling of the homes history , full of love or cold, etc. A real thing I believe
Please tell me you aren't the type that paints everything grey and calls that "flipped". It peeves me so much, especially when its something like cherry cabinets, hardwood, and brick being painted over.
I got into a mess with a house with 17 acres that was a horrible mess. They had let chickens run in their house. Every heavy rainstorm, the water table of the well would rise into sulfur rock and the water would taste sulfur like for about a week. It was nasty.😂 They had also left many other things like paintings and it turned out that one of them was worth between 30-50k. They had fled to another state with no intention of ever returning. Then it turned out to be in probate and it blew all my effort of my cleaning it up. I went into the situation with not a clear path to get the house after all. I did live in it for a couple years.
@@FirstnameLastName-sx8ls It was a very different situation over 30 years ago . My landlady was collecting rent from it previously, and the renter left suddenly, the owner lived in Louisiana, and had died a very short while before these people flew the coop. My landlady thought it would go up for sale right away, but it went into probate. I was a dumb kid 😂 I did live there for 25 months without paying rent though. The job of cleaning it was about like a forty hour work week for about a month to clean it up. The AC system was full of chicken crap. Someone had set a cage over it too as was the floors in the house.
Thank you so much!! That’s my plan, to buy property +\- 15 acres with a house (even if it has to gutted n restored) and having utilities already run. I’m thinking it will save us a good sum of money.
Me to had a early 1800's farmhouse on 5 acres with hand dug well 2 small springs running into natural trout streamwith state game lands on 2 sides and 3 familys on my owed lane.Eho I worked with one and schooled with the others My place was the mother and Grandmother's of the them who past. I bought it for59 000 but had toput plumbing electric and new roof and rafters Use the well best water ever. When done worth 200 000 now more. I'm living in a old clubhouse2390 Sq ft.bought for 8500 less than1/4 acre. Want to sell miss not having land to garden and animals may even go off grid. im a young 65 like to find good woman to do next one with and settle down.Im a Psstor rock lead singer and herbalist grew up farm country life. surrounding
To me, it is the investors, / large corporations are grabbing ALL lower price houses that have potential, and people without a LARGE bank account doesn't have a chance..... they are taking away the "American Dream" of being a home owner. (PS. Love your videos) PLUS, years ago before prices went sky high, realtors didn't want to bother with me that wasn't buying an expensive house, as it would mean low commission (which I get, but sad).
Agreed! It's insane! The American Dream is Chinese owned! Not even a joke! America is being purchase by everyone but the middle class Americans. SO SICK OF IT! Ready to buy again in Florida, but THEY have destroyed that market with endless massive communities of crappy over priced homes. There seems to be no rules in Florida if you have money! Builders can build millions of homes on top of one another with no common sense. What are CODES for at this point? They don't even check the quality of homes! As long as you pay stupid taxes, stupid impact fees, and insane HOA fees, no one cares! Our country has become one giant SCAM that only benefits the wealthy corps and politicians! The actual citizens take it all in the arse!
Netherlands here, its a worldwide problem, but as usual, if everybody is "in" this ? the end is near, keep your money, safe, since prices will fall dramatically, as in every century, like that tulip bulbs did in Amsterdam in the 17th/c, what goes around comes around they say,
o yeah, my dad sold the house in 78, visited the neighbor in 82, that man said : you will NEVE ever get that price again....(82 was bad, hign interest rates) same house in now tripple price or more....
don't take this wrong but there's no conspiracy out there man. You can literally go out and buy a home or a piece of land TODAY! It's easy for younger people today to excuse not going out and finding something... if younger people would spend 10% of the time on the internet and on their phones looking for real estate right outside their door they would be millionaires after 3-years. There's owner financing, lease options, hard money loads, buy-sell-lease-back. Increase your real estate vocabulary and you'll increase your net worth and income. I love it that all these young people think they can't go out and find deals LOL that leaves more for me. In my day in my 20's and 30's every young guy was out putting deals together... get off the phone and get on the GIS in your county and go make it happen.
The worst part is that they're building more apartments than houses, that means they have constant revenue and you own nothing, the socialist/communist dream in full throttle.
The reason I want the land without a home so I can build a cabin on it. But not on a foundation but on piles. I want something that you can live in but keeps the property tax down. It's not my issue since I am tax exempt from military disability so I don't have to pay tax. My son lives out of my state (Minnesota) but he likes hunting. I want him to hang onto the property after I am gone. But if he has to pay high taxes for a cabin he might stay at once every few years he will sell it. I want to hand something down to him that he will keep.
It has been seven months since this comment - have you made progress on this? i am interested in doing the same thing and would love to hear about your experience.
@@BeeManBrettly I will be working on it. I plan on retiring in the next three years. Just paid off my house and have no debt. I am able to bank over 3k a month so will have the cash in two years or less for the land.
@@BeeManBrettly I just checked out this info and saved it for later use. I can't apply since I don't have a county to pick from. Will have to wait until I have the land. I have a question but not sure if you have an answer. If I have land in a trust I know the land wont be in my name but the name of the trust. I am property tax exempt for 150k in the state of Minnesota. Can I apply it to that said land in the trust or not. I wanted a trust set-up for my son so he wont have to pay capital gains tax after I die.
Super good information Wayne ! Im just starting out learning about how I can finally have my own home. I really like how you explain it all in a clear way. Thank you for your generous help!
I have put over 30 plus bids in on homes since 2020 with only one accepted but it failed well test. Thing is these realtors are telling their clients not to accept a USDA home loans, especially if you are asking for closing cost.
Around the 10:20 mark is why. Most homes need work to make it completely safe in the eyes of a government-backed loan and the seller is usually expected to pay for it or the deal falls through. So when there are cash buyers or conventional loan buyers, an agent might suggest to the sellers (who usually need to sell and move quickly) to accept an offer where the home doesn't go through so much scrutiny, just to fail to close 6 weeks later and the sellers have to start all over again.
I(m in Canada Wayne , this is the best info ever I know quite a lot of what you suggest anyway but I have to compliment you on your proffesional approach and effot to educate young buyers, good man wish you were in Ontario, my daughters are struggling to purchase thier first home due to ridiculous prices, Im continueing to research fixer upper homes but they are hard to find thanks again
No one is paying closing costs near me. We live in the ridiculous Phoenix Valley and you can’t get deals here unless your a realtor with someone in the know and it hasn’t made it to the market
It’s tough in a lot of markets, including mine. I’m a Realtor in the philly area. It’s possible though, usually with houses that have been sitting on the market a long time. There are always some of those
@RobLawrence2 I'm in AZ, looking to move to PA. In a perfect world, I would like 4 different living spaces on one piece of property. I'm trying to get my family together. I need a safe area that is somewhat close to NY. Can you tell me some areas that come to mind?
In the 1980s, high-interest rates incentivized saving. Today, the opposite is true. Those who take risks are often rewarded, while savers struggle to keep up with inflation. I've been saving for a home, but rising prices and aggressive buyers are making it difficult to find affordable options. It's frustrating to see people overextending themselves with high-interest mortgages.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're absolutely right! With the guidance of a skilled financial advisor, I've significantly improved my investment strategy. I started with $321,000 and have grown my portfolio to over $750,000 by investing in stocks, ETFs, and bonds. I believe that housing prices will remain relatively stable until the housing supply increases.
Wayne, I am very impressed with your video, good points you bring out. You should be an Inspector. Thank you I learned a few things, and I am an inspector.
We want to pass on purchasing land with a home already on it. 1. Because most didn't have enough land that we wanted (15+ acres), or the 4 bedroom 2 bathroom houses were HUGE. We don't want huge. We found plans, 4 bedroom 2 bathroom, within 1050-1350 sq ft, which is exactly what we want! If we stumbled upon exactly what we wanted in a home with land, then sure we'd totally attempt it. But most houses are not what we want.
Finally someone else. All I want is a single floor, 2-4 bed and 2 bath and a decent amount of spacing, not huge, a couple of acres or a few just so no one elses property is too close to my house itself. Theres gotta be some property like that but not common. Small house on some acres.
Two years ago I bought a 5.5 acre house. It was and still is a mess. But the land is high and dry, zoned AG. Allow says it's worth $240K now, but I don't know about that. Still needs work, but I work a regular job 50 hours a week.
Yes! New sub here looking at my first piece of land and I found your channel because of that and this is fabulous what you're saying I relate to that 100% like I'm going to visit this property soon. I am hoping that this place will feel loved as well I think that is so valid especially for a believer I just feel that valid thank you for sharing that
In my country there are cases when the old owners came back and lit the house on fire on the new owners killing everyone. There were cases where the new owners got harassed, assaulted.
I want to buy a waterfront lot in Bay St. Louis, Ms. So Im going to listen to everything Wayne has to share. I was already going to screw up, so.... helped me already
When I moved from the NE to IN in my teenage yrs (High School) I went to a friends Id met and his family lived in a double wide with a HEALTHY **pony** 😂. I will never forget it. What a change in environments that move was. Edit; Im almost rdy to start looking for my first home. This is great information with todays market/economy. It puts hope on the Horizon.
Like your presentation. Looking for rural property around Alpine CA, from 4 to 10 acres. Amazing issues I find for whats available, lacking access roads, roads go thru Indian reservation, etc.
I live in Central Oregon nearby the town of Long Creek, I am rock solid on purchasing a 2.5 or 5 acre parcel with the intentions of building a tiny home on it somewhere around that area.
I have a small parcel in Tennessee 0.20ac ($18,000) you are allowed to build anything. The area will grow in price in the future, because it's a resort+residential
Hi thank you for all these. 1. We bought condo decent price KC KS 2. Still made profit at sale 3. Had realtor, stated what we wanted, got offer for that, agreed to sale, all is closing 4. Apparently- 2023- it has become MANDATORY seller has to pay ALL closing $ 5. Note- would Not have agreed to agree with our price if that was known 6. Yes, livid at realtor
Nice house for the money. I'm buying my time and building credit so that in 2025 I will be reaching out to you for some help buying. Thanks for all you do for us!
@@TheRealWayneTurnerhow do we find something here in East TN. I used your link on this video and it brought me to your website. I used the drop down option to search by zip code and county, but nothing came up. We’re looking for land, home, foreclosure. My husband has excellent credit(800+) and would use his VA loan or USDA, which ever gives the best option.
You say that you can ask them to cover your closing cost but if you get a inspection of the property and it shows that there's a lot of things that need to be fixed I would rather have them fix the problem then do the closing costs
We get them to do both. Just had one where after inspections the seller dropped the price $8,000 for repairs and is still paying all the buyers closing cost.
Purchased a home that they said was ripped down to the studs but it wasn't. It has 3 sections put together; the main house, porch and garage. It has leaks at the side porch/garage area and front between the house/garage and front of the house mainly now that we sealed basement windows. Because of the original construction date the basement walls have spike holes throughout but it didn't appear to have mold but it does. The mold was covered up in the basement and part of the basement wall sounds like sand if you smack it at the front of the garage basement wall. None of the yard was cleaned up, we knew a couple trees needed to be taken down, the porch needed supports, no attic access and the breaker box needed to be updated but now realize how bad it really is. Also where the basement begins is to low to the ground and this is an issue because backyard is wet due to the business at the back of the property and with rain or snow, it lacks any drainage in the backyard. The porch needs to have supports redone and fully enclosed around the bottom. Unplanned was we needed to seal basement windows due to water/health issues. We did not know the window casings for the main part of the home were removed and cheap metal put around the windows until the day of the signing, not sure exactly what to call it. Also more miscellaneous problems inside; water leaks in kitchen and bathroom fixtures, the dishwasher was not connected through the floor but appeared to be, there's no access to the attic space due to the Reno on this home. Removed items; the copper pipes in the basement were partially removed, we asked that they leave the rest but all were gone at 2 months upon signing day, the wood stove in basement swapped out for crappy one that can't be hooked up because there is only one chimney that the furnace is connected to, the water connection to washing machine in basement was removed, and we had to replace exhaust pipe for heating fuel delivery. The house is only worth 60k max and we paid 3tx that for the home due to covid. Definitely buyers remorse as the agreed upon home had items removed and or it was hard to tell the issues until we lived in the home for a couple months. The man was mad at the signing and did not tell us about the fire one street over during the signing. We paid 170k paid for a lie because the seller said it was renovated down to the studs but it wasn't and we are both disabled. Also the home appears to be next to the neighborhood drug dealer so I am sick from this as well. Much more than I anticipated. I would have been better off on land with no structure but really needed a home. This is such a mess we need to figure a way out of to get into something else. We knew about the trees, porch and breaker box. We saw altered items on the same day of the signing. One big scam.
Thanks for more great content. Any chance you have some videos posted that go into more detail on how the USDA loan process works? I'm asking because I may need to move closer to aging parents and I think that something like that could really work for me.
Can't barley afford to buy food after the bills. Let alone land or build houses. I got skills in every construction field work my life away n can barley eat. This world is broken. 1r2 generations ago a man could afford to build n own property with a normal salary. Wtf happend?
@@lauriekerze3461 Been a consumer of the Murdoch tabloid machine? All that truthiness, bad context, lies and lies of omission will do it to you. Kills off your God given curiosity every time. $787m for lying to their audience for years and on and on they go. Good citizen against citizen stuff. Get curious. Be well.
I'm torn between 2 places I've found. Both have homes. One is 5 acres in Georgia the other is 10.5 acres in Arkansas. Both are empty but the 10.5 acre one is furnished, the person has never lived in it because it was owned by a family member. Both have tilled land and look ready to farm and have extra buildings on them. I'm not sure what to do as i can pay cash for both but I'm not able to get machinery to start farming right away.
Thanks for the information, my spouce and I have credit scores over 830 but we still are on the outside looking in because we cannot afford the monthly payments on anything we want and believe me our goals are very modest. We worked hard to get our credit that high and it seems that once you get above 750 it is really pointless to go any higher.
So if a home needs new windows or a roof for example, and I happen to be an exterior residential remodeling professional, how could someone provide a bid that would be acceptable under the Hud guidelines, but still be acceptable, to hud, because even if they sell as is, they are going to want a fair market value even when its a significant amount of improvement?
many of those houses may have bad energy or ghosts due to miserable lives. I would prefer a clean slate over meshing with the spiritual cooties of the unfortunates that lived there previously.
Do you have any additional info for getting a house loan when retired? Main concern is what and how to report income from SS and retirement investments. Would it be better to just buy outright or make a sizable down payment from my retirement funds?
Those are all possible options. Best bet is to get with a trusted mortgage broker who can look at your whole picture and advise you on what’s best for your specific situation. If you’d like assistance finding someone reach out to me through the links in my profile and I can help after the holidays. Merry Christmas!
Do USDA rural dev't loans prevent you from operating a business from the property? If so, this can impact the way the home owner occupant generates income. Especially in today's economy. Any advice?
I was a realtor for 25 years and worked the foreclosure mess in 2008+ and I’m also from Central Florida where cattle and horses were everywhere so I love your horse house story. 😂
Income, debt ratio, and credit score come into play also. People also over buy. They are not realistic on affordability and end up house house poor or loosing the house.
East or West TN? Which area is the area you cover? I would prefer farm land in Central or Eastern TN. Ideally Eastern. VA and SC im interested in too. Western TN doesn't interest me
I guess I'm particular, but I won't buy a house knowing that the hot water heater is in the attic and I don't like fiberglass or flex ducts probably because I was in HVAC and a tinner by trade..
Oops, Wayne sorry I didn’t check for spelling, but yes, I think that is a very good looking property and hopefully people understand that it is better to be on a septic system, keep it maintained it is cheaper than paying city service. I’m actually looking around in Orange Texas which borders Louisiana or maybe considering Louisiana.
Just found your channel and loving your advice on real estate as I hope to one day start investing and renting once I'm out of college. Are there any good books you could recommend that would deepen what you're teaching in your videos? There are so many real estate investment books that I don't now where to start
They seem quite demanding on condition for government loans. I'd happily move in as is and fix those minor issues myself. A few lights, who cares? A wall oven? I'd want to replace that anyway. Maybe those are the best houses for me to look at, as you say, the fed loan requirements on the property would limit the number of people who might buy those homes. Will a bank give better loan terms for their own owned properties?
Yeah... that house and property on the west coast would be 1.2 million or more! So this is only a reality in certain states where the housing market isn't inflated beyond the point of insanity! A two to five acre parcel of bare land is selling for half a million or more. Buying a home for the average couple starting out, is just a dream that continues to be further and further beyond reach.
Wayne, thanks for sharing your experience and wisdom. We're in a situation where we really could use your help. I left you a message at your site and would really appreciate you responding to said message. Thanks again sir. skip...33
Sir im a builder with 30+ years experience and my resume is absolutely extensive. I feel like it would be a benefit for a guy like myself to build a house in Pa but do you feel it would ve cheaper in the long term to buy an existing home
I think location is the biggest factor in which would be better. In some cities and neighborhoods it’s absolutely cheaper to buy an existing home (even if you have to do a total remodel) than to build brand new.
@@TheRealWayneTurner I thought the very same thing it's just nice having a little bit of reinforcement. Lyman Philadelphia but I'm looking to move to outside of the city in PA
I’m closing on my first house next Friday (29th) its an hour outside my current city. it’s just shy of 1500sqft , 2 car finished detached heated garage with 8acres of mixed land, woods/prairie, wetland/pond, house needs a little love like roof/facia, windows and some updates, has brand new furnace, water heater. Picked it up for $150k on a conventional loan, owners pay closing(3%) , $500 in Ernest , $1000 for inspection and appraisal, $1042 at closing, $1340 a month at 6.3%(sucks) but it’s better then 8%… I’m so happy I found this opportunity to get away from the big city and finally get a place to put my hands and tools to good use!
Congratulations on your new home! Thank you for sharing your experience!
Pls, i would love to talk to you or contact you some how@TheRealWayneTurner
Congratulations. Best wishes ❤
What state did you buy in ?!?!?
@@christopherprather4080 good for you!
I got a rural developmemt loan when I was 19 yrs old and purchased our home. It was a life saver because the little bit of money I had saved up help buy appliances for the home. That was back in 2008 and I was lucky to get the loan with barely any credit and no co-sign. The subprime mortgage crisis actually benefited me and helped me because I should not have been able to get a loan that easy with no credit at 19yrs old.
Thank you for this comment based in reality. We have become a nation of whiners - “Woe is me. I am poor and it’s all one person’s fault and never mine so get for my guy into office so all my problems will be solved.” Some channels are full of these types of posts. I like your post because it showed a step by step decision making process to create generational wealth without complaining about someone not giving you something that you felt entitled to get. You found “workarounds.” That’s what I am seeking in the comment section- workarounds.
There are people who, with a little luck and initiative, can really make a go of an opportunity. The fact that not everybody does so is often used to deny the opportunity to everyone, which means that other hardworking people like you end up working hard but not getting ahead.
People who idealize the homesteading, bootstrapping era usually overlook the fact that all those individual successes required a ton of federal and state government intervention in the form of the Homestead Act, railroad land grabs, and other things that were only possible due to artificially low costs of entry for the individuals who benefited. These days, those opportunities are mostly gone, and people are being expected to accomplish the same things as their predecessors withput access to the same opportunities and resources.
The other bad thing that's happening is that everyone, particularly the Fed, pretends that the same economic conditions exists in every location. The low interest rates that are necessary in poorer or rural regions, and I'm not just talking about mortgages, create rampant inflation in major cities. The high interest rates that help balance the job market in high cost of living areas completely gut the economy in poorer states and lead to widespread debt slavery and lackbof economic development. Fed policy is invariably set to favor the parts of the country that are already rich and well developed.
You would not have in my state. That's for sure
You didnt get a loan big enough for a house at 19 with no credit history and no cosigner. Sorry to burst your bubble.
At least you put it to good use. Proud of you.
Thank you for telling folks about the seriousness of toxic mold. It can cost a fortune to properly remediate a home and certain species of mold are more dangerous than others. Your health is more valuable than any “bargain” on a home.
And beware of the shameless people who just paint over mold with Kilz. This is NOT sufficient and the mold will eat its way thru the Kilz. The HVAC system may need to be completely replaced if it is contaminated with mold. Spend the money and get a professional separate mold inspection before you buy any home!
This is so true. I lived in an apartment that was VERY cheap for several years, but started having tons of strange health issues. I finally realized the place was riddled with mold and management refused to do anything beyond slap a bandaid on it. After I moved out, my health issues went away in a couple months, thankfully. Don’t underestimate mold!
@@amlacy9127 happened to me in an Airbnb.
That’s what I’m dealing with right now. I know there’s mold because there was a leak in the ceiling pipes were constantly leaking and they had to keep coming to fix it. Now I’m sick all the time and constantly fighting mold on the walls. Sucks I need to move NOW!!
Well, I bought a 140 y/o old farmhouse with 4 kinds of mold. Water was coming in the basement because the yard was graded all wrong, which I fixed in a couple days. Got an ozone generator for around $250 and let it run in there for 30 days, then came in and vacuumed all the mold off of the floor joists in the basement and a few other spots. Came right off and never came back. Also had a fella come out and steam clean the hvac ductwork. Been living in it 8 years and never sick except for Covid twice. Another thing about this house, you can bring any plant inside and it will grow like crazy. People bring me nearly dead potted plants and within 6 or 8 weeks they’re bustin out of the pots.
@@modquad18The plants love the ozone I guess!
I help flip homes for a large realtor in central NC , and walking thru homes all the time I get the same felling of the homes history , full of love or cold, etc. A real thing I believe
Please tell me you aren't the type that paints everything grey and calls that "flipped". It peeves me so much, especially when its something like cherry cabinets, hardwood, and brick being painted over.
I literally have found my online information mentor; and I have been a broker for many many years! Love this guy!!
😂😂😂 The most phony, planted comment ever. Or you're the worst broker in history. 😢😂😂😂😂
Gonna mention the name of the guru who for a fee will separate folks from their money?
Free advertising for her.
Do you have a video of the process of getting manufactured homes on land and what type of things to look for to do that
Township zoning should be checked. Do they allow?
Wayne I am really grateful for you and your channel, thank you for sharing and educating us.
Avoid a lot of unnecessary issues/problems and learned so much from this man. Thank you 🙏
Mr Turner you are the answer to my prayers I'm so grateful to God I found you knowledge is power
Wayne thank you so much for all your information. Super helpful
I got into a mess with a house with 17 acres that was a horrible mess. They had let chickens run in their house. Every heavy rainstorm, the water table of the well would rise into sulfur rock and the water would taste sulfur like for about a week. It was nasty.😂 They had also left many other things like paintings and it turned out that one of them was worth between 30-50k. They had fled to another state with no intention of ever returning. Then it turned out to be in probate and it blew all my effort of my cleaning it up. I went into the situation with not a clear path to get the house after all. I did live in it for a couple years.
Thank you for sharing your story.
That's horrible. Did you have a title search done and title insurance?
@@FirstnameLastName-sx8ls It was a very different situation over 30 years ago . My landlady was collecting rent from it previously, and the renter left suddenly, the owner lived in Louisiana, and had died a very short while before these people flew the coop. My landlady thought it would go up for sale right away, but it went into probate. I was a dumb kid 😂 I did live there for 25 months without paying rent though. The job of cleaning it was about like a forty hour work week for about a month to clean it up. The AC system was full of chicken crap. Someone had set a cage over it too as was the floors in the house.
Hope you sold the painting!
Thank you for sharing your experience.
Thank you so much!! That’s my plan, to buy property +\- 15 acres with a house (even if it has to gutted n restored) and having utilities already run. I’m thinking it will save us a good sum of money.
Best of luck!
Yea same here! Seems like a good plan
Me to had a early 1800's farmhouse on 5 acres with hand dug well 2 small springs running into natural trout streamwith state game lands on 2 sides and 3 familys on my owed lane.Eho I worked with one and schooled with the others
My place was the mother and Grandmother's of the them who past. I bought it for59 000 but had toput plumbing electric and new roof and rafters
Use the well best water ever. When done worth 200 000 now more. I'm living in a old clubhouse2390 Sq ft.bought for 8500 less than1/4 acre. Want to sell miss not having land to garden and animals may even go off grid. im a young 65 like to find good woman to do next one with and settle down.Im a Psstor rock lead singer and herbalist grew up farm country life.
surrounding
@@SoloJourneyandPJread my reply
To me, it is the investors, / large corporations are grabbing ALL lower price houses that have potential, and people without a LARGE bank account doesn't have a chance..... they are taking away the "American Dream" of being a home owner. (PS. Love your videos)
PLUS, years ago before prices went sky high, realtors didn't want to bother with me that wasn't buying an expensive house, as it would mean low commission (which I get, but sad).
Agreed! It's insane! The American Dream is Chinese owned! Not even a joke! America is being purchase by everyone but the middle class Americans. SO SICK OF IT! Ready to buy again in Florida, but THEY have destroyed that market with endless massive communities of crappy over priced homes. There seems to be no rules in Florida if you have money! Builders can build millions of homes on top of one another with no common sense. What are CODES for at this point? They don't even check the quality of homes! As long as you pay stupid taxes, stupid impact fees, and insane HOA fees, no one cares! Our country has become one giant SCAM that only benefits the wealthy corps and politicians! The actual citizens take it all in the arse!
Netherlands here, its a worldwide problem, but as usual, if everybody is "in" this ? the end is near, keep your money, safe, since prices will fall dramatically, as in every century, like that tulip bulbs did in Amsterdam in the 17th/c, what goes around comes around they say,
o yeah, my dad sold the house in 78, visited the neighbor in 82, that man said : you will NEVE ever get that price again....(82 was bad, hign interest rates) same house in now tripple price or more....
don't take this wrong but there's no conspiracy out there man. You can literally go out and buy a home or a piece of land TODAY! It's easy for younger people today to excuse not going out and finding something... if younger people would spend 10% of the time on the internet and on their phones looking for real estate right outside their door they would be millionaires after 3-years. There's owner financing, lease options, hard money loads, buy-sell-lease-back. Increase your real estate vocabulary and you'll increase your net worth and income. I love it that all these young people think they can't go out and find deals LOL that leaves more for me. In my day in my 20's and 30's every young guy was out putting deals together... get off the phone and get on the GIS in your county and go make it happen.
The worst part is that they're building more apartments than houses, that means they have constant revenue and you own nothing, the socialist/communist dream in full throttle.
I have literally found my new information mentor!!! Love this guy!!
Wayne, you had me up until the bullet holes. I like your videos. Good work, sir. Please keep them coming.
Thank you for the video, Wayne! When I go to the usda website, it says to be eligible, one must "be without decent, safe and sanitary housing"
The reason I want the land without a home so I can build a cabin on it. But not on a foundation but on piles. I want something that you can live in but keeps the property tax down. It's not my issue since I am tax exempt from military disability so I don't have to pay tax. My son lives out of my state (Minnesota) but he likes hunting. I want him to hang onto the property after I am gone. But if he has to pay high taxes for a cabin he might stay at once every few years he will sell it. I want to hand something down to him that he will keep.
Good for you!
It has been seven months since this comment - have you made progress on this? i am interested in doing the same thing and would love to hear about your experience.
@@BeeManBrettly I will be working on it. I plan on retiring in the next three years. Just paid off my house and have no debt. I am able to bank over 3k a month so will have the cash in two years or less for the land.
@@COYO-T Awesome, and thank you for responding. have you considered a USDA Rural Development loan?
@@BeeManBrettly I just checked out this info and saved it for later use. I can't apply since I don't have a county to pick from. Will have to wait until I have the land. I have a question but not sure if you have an answer. If I have land in a trust I know the land wont be in my name but the name of the trust. I am property tax exempt for 150k in the state of Minnesota. Can I apply it to that said land in the trust or not. I wanted a trust set-up for my son so he wont have to pay capital gains tax after I die.
Super good information Wayne ! Im just starting out learning about how I can finally have my own home. I really like how you explain it all in a clear way. Thank you for your generous help!
Thanks! Learned a Lot from you today! (watched several of your videos). Great information! Liked & Subscribed.
Uncle Wayne is awesome. Thanks for your wisdom and time.
I have put over 30 plus bids in on homes since 2020 with only one accepted but it failed well test.
Thing is these realtors are telling their clients not to accept a USDA home loans, especially if you are asking for closing cost.
Around the 10:20 mark is why. Most homes need work to make it completely safe in the eyes of a government-backed loan and the seller is usually expected to pay for it or the deal falls through. So when there are cash buyers or conventional loan buyers, an agent might suggest to the sellers (who usually need to sell and move quickly) to accept an offer where the home doesn't go through so much scrutiny, just to fail to close 6 weeks later and the sellers have to start all over again.
That is nice find, I would buy that in a heartbeat. Brick Homes are sweet! Anything like this outside the city is the way to go these days.
Thank you, Wayne, I really appreciate you for sharing your knowledge and experience with the YT community. Have a great day and GB!
I(m in Canada Wayne , this is the best info ever I know quite a lot of what you suggest anyway but I have to compliment you on your proffesional approach and effot to educate young buyers, good man wish you were in Ontario, my daughters are struggling to purchase thier first home due to ridiculous prices, Im continueing to research fixer upper homes but they are hard to find thanks again
USDA rural development has special loans for CONSTRUCTION AND LAND for a family home.
And FIXER UPERS.
No one is paying closing costs near me. We live in the ridiculous Phoenix Valley and you can’t get deals here unless your a realtor with someone in the know and it hasn’t made it to the market
It’s tough in a lot of markets, including mine. I’m a Realtor in the philly area. It’s possible though, usually with houses that have been sitting on the market a long time. There are always some of those
@RobLawrence2 I'm in AZ, looking to move to PA. In a perfect world, I would like 4 different living spaces on one piece of property. I'm trying to get my family together. I need a safe area that is somewhat close to NY. Can you tell me some areas that come to mind?
@@kaebella2259 I handle around Philly, so that really my wheelhouse.
In the 1980s, high-interest rates incentivized saving. Today, the opposite is true. Those who take risks are often rewarded, while savers struggle to keep up with inflation. I've been saving for a home, but rising prices and aggressive buyers are making it difficult to find affordable options. It's frustrating to see people overextending themselves with high-interest mortgages.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're absolutely right! With the guidance of a skilled financial advisor, I've significantly improved my investment strategy. I started with $321,000 and have grown my portfolio to over $750,000 by investing in stocks, ETFs, and bonds. I believe that housing prices will remain relatively stable until the housing supply increases.
Rebecca Noblett Roberts maintains an online presence. Just make a simple search for her name online.
Wayne, I am very impressed with your video, good points you bring out. You should be an Inspector. Thank you I learned a few things, and I am an inspector.
Very informative and nicely gently speaking makes sense good thank you anyway God bless you
We want to pass on purchasing land with a home already on it. 1. Because most didn't have enough land that we wanted (15+ acres), or the 4 bedroom 2 bathroom houses were HUGE. We don't want huge. We found plans, 4 bedroom 2 bathroom, within 1050-1350 sq ft, which is exactly what we want! If we stumbled upon exactly what we wanted in a home with land, then sure we'd totally attempt it. But most houses are not what we want.
Why not? Big house many guests
@@NateBimagine cleaning a huge house
Or heating
Finally someone else. All I want is a single floor, 2-4 bed and 2 bath and a decent amount of spacing, not huge, a couple of acres or a few just so no one elses property is too close to my house itself. Theres gotta be some property like that but not common. Small house on some acres.
Two years ago I bought a 5.5 acre house. It was and still is a mess. But the land is high and dry, zoned AG. Allow says it's worth $240K now, but I don't know about that. Still needs work, but I work a regular job 50 hours a week.
I appreciate all the pointers and education you are sharing
Yes, the energy of the house says a lot. If the air is thick or feels dark in any way, turning around and walking out. Duces.😊
THANK YOU....VERY INFORMATIVE..MERRY CHRISTMAS
Thank you!! Merry Christmas!
Great information. I’m saving this post. Thanks Wayne. 👍
Thanks Wayne🎄🎁 Merry Christmas from Texas 🎄🎁
Merry Christmas 🎄
Wonderful information! I never miss an episode
Thank you!!! I truly appreciate you watching. I hope you find value in my message.
I’ve done a few owner financing with no prepayment penalty. Worked out great.
Glad you popped up.
Thank you for subscribing.
Yes! New sub here looking at my first piece of land and I found your channel because of that and this is fabulous what you're saying I relate to that 100% like I'm going to visit this property soon. I am hoping that this place will feel loved as well I think that is so valid especially for a believer I just feel that valid thank you for sharing that
In my country there are cases when the old owners came back and lit the house on fire on the new owners killing everyone. There were cases where the new owners got harassed, assaulted.
Ethiopia?
@@andrewgates8158 Hungary.
Horrific
Soon as I read, I guessed eastern Europe.
Why?
I want to buy a waterfront lot in Bay St. Louis, Ms. So Im going to listen to everything Wayne has to share. I was already going to screw up, so.... helped me already
Howdy neighbor. I'm in Biloxi.
When I moved from the NE to IN in my teenage yrs (High School) I went to a friends Id met and his family lived in a double wide with a HEALTHY **pony** 😂.
I will never forget it. What a change in environments that move was.
Edit; Im almost rdy to start looking for my first home. This is great information with todays market/economy. It puts hope on the Horizon.
Like your presentation. Looking for rural property around Alpine CA, from 4 to 10 acres. Amazing issues I find for whats available, lacking access roads, roads go thru Indian reservation, etc.
I live in Central Oregon nearby the town of Long Creek, I am rock solid on purchasing a 2.5 or 5 acre parcel with the intentions of building a tiny home on it somewhere around that area.
Awesome!! Reach out to me if you need help connecting with an agent who can help you
I have a small parcel in Tennessee 0.20ac ($18,000) you are allowed to build anything. The area will grow in price in the future, because it's a resort+residential
I saw that panel and ouch they cut all the Coper out of it. As an electrician that's a big ouch
Hi thank you for all these.
1. We bought condo decent price KC KS
2. Still made profit at sale
3. Had realtor, stated what we wanted, got offer for that, agreed to sale, all is closing
4. Apparently- 2023- it has become MANDATORY seller has to pay ALL closing $
5. Note- would Not have agreed to agree with our price if that was known
6. Yes, livid at realtor
Nice house for the money. I'm buying my time and building credit so that in 2025 I will be reaching out to you for some help buying. Thanks for all you do for us!
Get radical with it. Sell stuff work 2 jobs, get out of debt.
Would love that house and property, great information.
Thank you. Let us know if you or someone you know wants to buy this one or others all across the nation.
@@TheRealWayneTurnerhow do we find something here in East TN. I used your link on this video and it brought me to your website. I used the drop down option to search by zip code and county, but nothing came up. We’re looking for land, home, foreclosure. My husband has excellent credit(800+) and would use his VA loan or USDA, which ever gives the best option.
VERY helpful information, thank you!
Glad it was helpful!
Thank you so much for these videos.
Great info I can't wait to put this to use
Still available we’re in Louisiana and we’re looking
Thank you! “ That’s why it smelled this way “😂🐴
Another great one Wayne!
Thank you. I truly appreciate your feedback.
You say that you can ask them to cover your closing cost but if you get a inspection of the property and it shows that there's a lot of things that need to be fixed I would rather have them fix the problem then do the closing costs
We get them to do both. Just had one where after inspections the seller dropped the price $8,000 for repairs and is still paying all the buyers closing cost.
Sellers are desperate right now. That isn't always the case.
@@dirtisbetterthandiamondswhere? 😂
Purchased a home that they said was ripped down to the studs but it wasn't. It has 3 sections put together; the main house, porch and garage. It has leaks at the side porch/garage area and front between the house/garage and front of the house mainly now that we sealed basement windows. Because of the original construction date the basement walls have spike holes throughout but it didn't appear to have mold but it does. The mold was covered up in the basement and part of the basement wall sounds like sand if you smack it at the front of the garage basement wall. None of the yard was cleaned up, we knew a couple trees needed to be taken down, the porch needed supports, no attic access and the breaker box needed to be updated but now realize how bad it really is. Also where the basement begins is to low to the ground and this is an issue because backyard is wet due to the business at the back of the property and with rain or snow, it lacks any drainage in the backyard. The porch needs to have supports redone and fully enclosed around the bottom. Unplanned was we needed to seal basement windows due to water/health issues. We did not know the window casings for the main part of the home were removed and cheap metal put around the windows until the day of the signing, not sure exactly what to call it. Also more miscellaneous problems inside; water leaks in kitchen and bathroom fixtures, the dishwasher was not connected through the floor but appeared to be, there's no access to the attic space due to the Reno on this home. Removed items; the copper pipes in the basement were partially removed, we asked that they leave the rest but all were gone at 2 months upon signing day, the wood stove in basement swapped out for crappy one that can't be hooked up because there is only one chimney that the furnace is connected to, the water connection to washing machine in basement was removed, and we had to replace exhaust pipe for heating fuel delivery. The house is only worth 60k max and we paid 3tx that for the home due to covid. Definitely buyers remorse as the agreed upon home had items removed and or it was hard to tell the issues until we lived in the home for a couple months. The man was mad at the signing and did not tell us about the fire one street over during the signing. We paid 170k paid for a lie because the seller said it was renovated down to the studs but it wasn't and we are both disabled. Also the home appears to be next to the neighborhood drug dealer so I am sick from this as well. Much more than I anticipated. I would have been better off on land with no structure but really needed a home. This is such a mess we need to figure a way out of to get into something else. We knew about the trees, porch and breaker box. We saw altered items on the same day of the signing. One big scam.
It might be a good idea to purchase bulletproof windows for the front of that house.
Yes,locations hold energy.
Thanks for more great content. Any chance you have some videos posted that go into more detail on how the USDA loan process works? I'm asking because I may need to move closer to aging parents and I think that something like that could really work for me.
It feels like it DESERVES to be restored to its former glory!❤
Can't barley afford to buy food after the bills. Let alone land or build houses. I got skills in every construction field work my life away n can barley eat. This world is broken. 1r2 generations ago a man could afford to build n own property with a normal salary. Wtf happend?
Biden
Feminism
Debt based monetary system coupled with an "money printer" providing infinite money supply.
@@lauriekerze3461 Been a consumer of the Murdoch tabloid machine? All that truthiness, bad context, lies and lies of omission will do it to you. Kills off your God given curiosity every time. $787m for lying to their audience for years and on and on they go. Good citizen against citizen stuff.
Get curious. Be well.
It started with Obama and bidenomics finished us off
I'm torn between 2 places I've found. Both have homes. One is 5 acres in Georgia the other is 10.5 acres in Arkansas. Both are empty but the 10.5 acre one is furnished, the person has never lived in it because it was owned by a family member. Both have tilled land and look ready to farm and have extra buildings on them. I'm not sure what to do as i can pay cash for both but I'm not able to get machinery to start farming right away.
Buy with owner financing.
how do you navagate the webside on the USDA
Great content! Thank you
Glad you liked it!
Thanks for the information, my spouce and I have credit scores over 830 but we still are on the outside looking in because we cannot afford the monthly payments on anything we want and believe me our goals are very modest. We worked hard to get our credit that high and it seems that once you get above 750 it is really pointless to go any higher.
You're right! Anything above about a 740-750 isn't going to get you a lower interest rate or better terms.
Hey Wayne I noticed you do 15 min consultations. Do you charge for the call?
Nope it’s free. I just ask for people to like and subscribe to the channel so TH-cam will share my message with more people.
!!!! Thank You !!!!
Thank you so much!… swear I was lead to you! 🙏🏼❤
Another great video so informative.
So if a home needs new windows or a roof for example, and I happen to be an exterior residential remodeling professional, how could someone provide a bid that would be acceptable under the Hud guidelines, but still be acceptable, to hud, because even if they sell as is, they are going to want a fair market value even when its a significant amount of improvement?
many of those houses may have bad energy or ghosts due to miserable lives. I would prefer a clean slate over meshing with the spiritual cooties of the unfortunates that lived there previously.
Good review
thank you
Do you have information on something like this in North Carolina or South Carolina
Yes. Shoot me your info at www.ContactWayne.com
Do you have any additional info for getting a house loan when retired? Main concern is what and how to report income from SS and retirement investments. Would it be better to just buy outright or make a sizable down payment from my retirement funds?
Those are all possible options. Best bet is to get with a trusted mortgage broker who can look at your whole picture and advise you on what’s best for your specific situation. If you’d like assistance finding someone reach out to me through the links in my profile and I can help after the holidays. Merry Christmas!
Take this puppy to the studs and stop playing; it looks like it has great bones. 18 acres? Compound in the making. Love your content, Wayne.:)
Thanks!
Hey Wayne, where is this home located?
There are no brace's between the rafters , causing them to bow, twist over time, pulling away from the thru roof nails to rafters . ????
Do USDA rural dev't loans prevent you from operating a business from the property? If so, this can impact the way the home owner occupant generates income. Especially in today's economy. Any advice?
Smart man Wayne !
I was a realtor for 25 years and worked the foreclosure mess in 2008+ and I’m also from Central Florida where cattle and horses were everywhere so I love your horse house story. 😂
Good stuff 💪🏼 !
Income, debt ratio, and credit score come into play also.
People also over buy.
They are not realistic on affordability and end up house house poor or loosing the house.
East or West TN? Which area is the area you cover? I would prefer farm land in Central or Eastern TN. Ideally Eastern. VA and SC im interested in too. Western TN doesn't interest me
I've got agents that work with me all over the country, just let me know where you're looking.
I guess I'm particular, but I won't buy a house knowing that the hot water heater is in the attic and I don't like fiberglass or flex ducts probably because I was in HVAC and a tinner by trade..
My wife and I got a rural development loan back in 2014. It’s definitely developed. Tons of subdivisions all around us now.
It looked like BB or pellet gun holes in the windows.
Wang, did you notice in the video the electrical panel has been butchered, and look like they cut the wires back too
I sure did. It’s an easy fix.
Oops, Wayne sorry I didn’t check for spelling, but yes, I think that is a very good looking property and hopefully people understand that it is better to be on a septic system, keep it maintained it is cheaper than paying city service. I’m actually looking around in Orange Texas which borders Louisiana or maybe considering Louisiana.
Just found your channel and loving your advice on real estate as I hope to one day start investing and renting once I'm out of college. Are there any good books you could recommend that would deepen what you're teaching in your videos? There are so many real estate investment books that I don't now where to start
Anything Robert Kiyosaki is good.
@@TheRealWayneTurner Thank you, sir!
They seem quite demanding on condition for government loans.
I'd happily move in as is and fix those minor issues myself. A few lights, who cares? A wall oven? I'd want to replace that anyway.
Maybe those are the best houses for me to look at, as you say, the fed loan requirements on the property would limit the number of people who might buy those homes.
Will a bank give better loan terms for their own owned properties?
We want acerage in north eastern TN with possible multiple homes on if for our family members is this possible?
Can you use a co-signer with a USDA loan?
Merry Christmas
Merry Christmas!! 🎄
Yeah... that house and property on the west coast would be 1.2 million or more! So this is only a reality in certain states where the housing market isn't inflated beyond the point of insanity! A two to five acre parcel of bare land is selling for half a million or more. Buying a home for the average couple starting out, is just a dream that continues to be further and further beyond reach.
Wayne, thanks for sharing your experience and wisdom. We're in a situation where we really could use your help. I left you a message at your site and would really appreciate you responding to said message. Thanks again sir. skip...33
I’m still trying to catch up after taking a few days off for the holidays. If you don’t hear from me in the next day or two please reach out again
Certainly, will do, thanks for the response.
Where’s the house you’re in at?
Wayne how would I get in contact with your company?
Sir im a builder with 30+ years experience and my resume is absolutely extensive. I feel like it would be a benefit for a guy like myself to build a house in Pa but do you feel it would ve cheaper in the long term to buy an existing home
I think location is the biggest factor in which would be better. In some cities and neighborhoods it’s absolutely cheaper to buy an existing home (even if you have to do a total remodel) than to build brand new.
@@TheRealWayneTurner I thought the very same thing it's just nice having a little bit of reinforcement. Lyman Philadelphia but I'm looking to move to outside of the city in PA
Regarding the bulet holes in the window. Are there corresponding holes in the wall opposite the window? If not then the shots came from inside.