About to close on my first house. Mid century ranch. They first had it at 670, brought it down to 610. I offered 550, they countered 570, beat their asses down in inspection and got it down to 545. You can do it boys.
thank literal God for Nick Rochefort, I come from a poor family with absolutely no business or investing sense and the wife does too, got extremely lucky off crypto so buying a house has been a fucking hellish nightmare until I started watching him earlier this year. biggest lesson so far is patience.
Yeah he walked that back pretty far. “Any house, go in there and gut them. Any salesman has to have a bit of larceny in them” all the way to “This won’t work on most houses, just cases where people want 50% market value.”
it isn't much different than a basic inspection. the best tip he's given, imo, is bringing a screwdriver to check how fucked the foundation is or isn't. most of the things you can use to low ball a house will be staring you in the face
Best advice: do the work! What I mean is, you wanna know how to spot a bad paint job or poor carpentry work? Work as a house painter on your Saturdays for a year. Or Landscape, or plumbing or whatever. Each thing you do will give insight into several professions. My boss once told me "a great painter can make a shitty carpentry job look good, or vice versa." Now every time I walk into a house I can tell the parts a professional did, or a homeowner. I can see if the carpenter was sloppy or tight, or if the sheet rocker was experienced or not, despite only dabbling in both, just cause of exposure to the work in progress. If you're a plumber you'll get familiar with masonry, water damage, septic and so forth. How old are you? I started working 6 days a week on and off for years starting in my mid twenties. I'm 39 and for the last 7 years I've worked 6 days a week, mostly as a cash paid fill in on blue collar labor jobs (5 days normal job, taxed, 1 day at the cash job). Just bought a house last year, and I have no college degree. Mom gave me 8k towards the down payment from her home equity loan she took out to repair her roof and windows, otherwise the whole thing is 100% on my shoulders. There's already at least a half a dozen "home maintenance" things I've done in the last year that saved me money, one of which was ripping out all the carpet myself to save a few thousand on the new floor (the previous owner paid for) There are 3 hotel style 70's floor level AC/Heating systems that she was gonna replace before she sold it to me, cause 1 (in the spare room) doesn't work, but the other 2 work fine. Here's the thing, I can get no interest loans and rebates on split systems in my state, there's no way to get a loan for just a new floor. THOSE are also the kinds of things you wanna be on the lookout for. I got a 10k floor for *basically free,* and it only cost the seller 7.5k cause of the prep work I did, then I saves another 5k at least doing all the finish work, sanding, painting, caulking (key) myself. I saved her 500 bucks and got something far harder to replace once you're moved in, or get money for, and it added to the equity.
This probably is a lot harder for people who have no knowledge of construction and construction materials. Luckily I did a couple years estimating and bidding jobs for a GC. As a late 20s guy getting his shit together, your videos are mega fuckin helpful man
Going to used car dealerships and pawn shops is a great way to practice your low balls and fortitude. Once you realize they are all trying to rob you for as much as possible you lose the feels and throw caution out the window
I've done this about a dozen times in person. I also call dealerships inquiring about a vehicle. I literally had 5 dealerships offering me a Tacoma for under MSRP. Fake business as Tim Dillon puts it. I'm naturally introverted, but by doing this I've really started to come out of my shell and negotiate the fuck out of these scumbags. I enjoy bending them over.
every house I've tried to buy in the last year, I've offered asking price and they take someone else's offer 20% higher than asking. what the fuck is happening
Dude we put in a bid of 465 on a 439k listing, they took a cash buyer at $505k. Cash freaking buyer! Everything is bonkers, we’re about to just buy a trailer in the mountains and call it a day.
@@horbagger19 SAME. property I'm looking at now is a junk manufactured home on a chunk of land. my only hope at getting a decent property is to build it myself I guess
My house buy was really good. I bought a house in a large village for $69,000 on the condition that he installed a new furnace and water heater, light fixtures and taps. The whole thing is livable but completely outdated. There hasn’t been any work since the 70’s on it besides some shitty handyman stuff. Plus the owner was renting it to a bunch of sketchy dudes who half of them got pinched for robbing a hotel one town over. There was some graffiti on the house and outbuildings and traces of weed dealing in the basement. I offered the owner $59,000 and that got rejected. I told my realtor to mention all the vandalism and how outdated it was and that the asking price wasn’t realistic. It had been on the market for a year. So I offered him the asking price of $69,000 if he made some improvements and gave him two months to kick out the renters. It’s been a decent house so far. I’m going to have to gut it completely if I want to renovate it but it’s not that bad at the moment and I’ve only had to put in about $10,000 of improvements into the house in the last 8 years. My plan is to pay it off, save up some money and then either build a new house/workshop to the rear of my property or get a trailer I can live in while I renovate my house for a year. Cities are for suckers. Places out in the country are dirt cheap.
Love hearing these stories. I don't care if you live on a barren hellscape, so long as you live away from people and got your place for cheap. I bought mine for sub $100k by the beach. Deals are out there
Lmao I just paid asking price on my (soon-to-be) house after making like 20 different offers (on other properties) over a couple months. Cant lowball when there's idiots making blind offers, absurd cash offers and offering appraisal gaps.
If you think it’s degrading or uncomfortable to ask for a huge cut on a house from some rich person selling up, just remember it’s your future too and you can shave years off your mortgage by pushing losers around
Imagine if he was actually smoking in a giant kitchen with stacks of raw meat on a shelf😂😂 the unacknowledged green screen humor takes are God tier irony
We need a bit where Nick goes to low-ball irl with a hidden GoPro
This would be great. Or him calling the realtor after viewing the house to give his offer lol Not sure many people would consent though
@@ImagineGagginRhode Island is a one party consent state so i think he can get away with it
@@jeeb6596 Did not know that. Could be some serious gold in that case
Dont ever forgët the USS Libërty and the men who died on that day
@@jeeb6596One party in public not in someone’s house
About to close on my first house. Mid century ranch. They first had it at 670, brought it down to 610. I offered 550, they countered 570, beat their asses down in inspection and got it down to 545. You can do it boys.
That's a stupid price man unless you're making 250k a year.
@@acrxsls1766 had a large down saved up. Mortgage is 2500/m
@@acrxsls1766 how can you tell without seeing the house lil guy
@@acrxsls1766wtf?
Nick's throwing these numbers out there and I'm over here like: " i have $5.00 . "
As soon as I can wrangle as much as 20k I’ll be headed to the Mazda dealership for a mx5
@@murican1889why
thank literal God for Nick Rochefort, I come from a poor family with absolutely no business or investing sense and the wife does too, got extremely lucky off crypto so buying a house has been a fucking hellish nightmare until I started watching him earlier this year. biggest lesson so far is patience.
buying rn for you would mean suicide for all the gains you've made. Not with the intrest rates like this. patience is king.
Prices will collapse soon, meaning your crypto will collapse as well, I hope you've sold and are sitting as cash rich.
@@DoogNig lmaooooo
I like how Nick goes crazy at the beginning of any conversation and then starts clarifying towards the end.
Yeah he walked that back pretty far. “Any house, go in there and gut them. Any salesman has to have a bit of larceny in them” all the way to “This won’t work on most houses, just cases where people want 50% market value.”
It's called being a schizophrenic hype man
When Im looking for a new area to move to, I look at the suicide rates first.
Bruh that's a fucking golden nugget of info
Seattle is off the list...😂😂😂
I love looking at $400k houses that were $200k on Zillow last year.
“You evah get hit with a pitchfork?!?!?”
- Front Lawn Salesman duking it out
We're gonna bring this market down together guys
I need a breakdown on how to inspect a house the way nick does
it isn't much different than a basic inspection. the best tip he's given, imo, is bringing a screwdriver to check how fucked the foundation is or isn't. most of the things you can use to low ball a house will be staring you in the face
Point by point
I'd pay
Best advice: do the work! What I mean is, you wanna know how to spot a bad paint job or poor carpentry work? Work as a house painter on your Saturdays for a year. Or Landscape, or plumbing or whatever. Each thing you do will give insight into several professions. My boss once told me "a great painter can make a shitty carpentry job look good, or vice versa." Now every time I walk into a house I can tell the parts a professional did, or a homeowner. I can see if the carpenter was sloppy or tight, or if the sheet rocker was experienced or not, despite only dabbling in both, just cause of exposure to the work in progress. If you're a plumber you'll get familiar with masonry, water damage, septic and so forth.
How old are you? I started working 6 days a week on and off for years starting in my mid twenties. I'm 39 and for the last 7 years I've worked 6 days a week, mostly as a cash paid fill in on blue collar labor jobs (5 days normal job, taxed, 1 day at the cash job). Just bought a house last year, and I have no college degree. Mom gave me 8k towards the down payment from her home equity loan she took out to repair her roof and windows, otherwise the whole thing is 100% on my shoulders.
There's already at least a half a dozen "home maintenance" things I've done in the last year that saved me money, one of which was ripping out all the carpet myself to save a few thousand on the new floor (the previous owner paid for)
There are 3 hotel style 70's floor level AC/Heating systems that she was gonna replace before she sold it to me, cause 1 (in the spare room) doesn't work, but the other 2 work fine. Here's the thing, I can get no interest loans and rebates on split systems in my state, there's no way to get a loan for just a new floor. THOSE are also the kinds of things you wanna be on the lookout for. I got a 10k floor for *basically free,* and it only cost the seller 7.5k cause of the prep work I did, then I saves another 5k at least doing all the finish work, sanding, painting, caulking (key) myself. I saved her 500 bucks and got something far harder to replace once you're moved in, or get money for, and it added to the equity.
Dont ever forgët the USS Libërty and the men who died on that day
@@budget.88 neva dude
This probably is a lot harder for people who have no knowledge of construction and construction materials. Luckily I did a couple years estimating and bidding jobs for a GC. As a late 20s guy getting his shit together, your videos are mega fuckin helpful man
fr lol
Jobs for a general contractor? Is that what GC means?
@@Crabbadabba yes
Going to used car dealerships and pawn shops is a great way to practice your low balls and fortitude.
Once you realize they are all trying to rob you for as much as possible you lose the feels and throw caution out the window
I've done this about a dozen times in person. I also call dealerships inquiring about a vehicle. I literally had 5 dealerships offering me a Tacoma for under MSRP. Fake business as Tim Dillon puts it. I'm naturally introverted, but by doing this I've really started to come out of my shell and negotiate the fuck out of these scumbags. I enjoy bending them over.
Rates keep rising, sellers are not lowering prices, demand is dropping slightly. Everything is fine, nothing is wrong here
6:33
“Don’t get taken for a ride on someone else’s dream.”
That hits.
Helpin out his daughta 🙏
Dont ever forgët the USS Libërty and the men who died on that day
@@budget.88 the chosenites will pay us back 88 million dollars in 14 days or be destroyed
@@budget.88 Who?
"I gotta go, i'm drinking cocktail.... sauce"
every house I've tried to buy in the last year, I've offered asking price and they take someone else's offer 20% higher than asking. what the fuck is happening
Dude we put in a bid of 465 on a 439k listing, they took a cash buyer at $505k. Cash freaking buyer! Everything is bonkers, we’re about to just buy a trailer in the mountains and call it a day.
@@horbagger19 SAME. property I'm looking at now is a junk manufactured home on a chunk of land. my only hope at getting a decent property is to build it myself I guess
Blackrock
Them gotdang ching chings
Wall Street investors.
What a great rant. Truly in the top 3 Nick rants.
My house buy was really good. I bought a house in a large village for $69,000 on the condition that he installed a new furnace and water heater, light fixtures and taps.
The whole thing is livable but completely outdated. There hasn’t been any work since the 70’s on it besides some shitty handyman stuff. Plus the owner was renting it to a bunch of sketchy dudes who half of them got pinched for robbing a hotel one town over. There was some graffiti on the house and outbuildings and traces of weed dealing in the basement.
I offered the owner $59,000 and that got rejected. I told my realtor to mention all the vandalism and how outdated it was and that the asking price wasn’t realistic. It had been on the market for a year. So I offered him the asking price of $69,000 if he made some improvements and gave him two months to kick out the renters.
It’s been a decent house so far. I’m going to have to gut it completely if I want to renovate it but it’s not that bad at the moment and I’ve only had to put in about $10,000 of improvements into the house in the last 8 years.
My plan is to pay it off, save up some money and then either build a new house/workshop to the rear of my property or get a trailer I can live in while I renovate my house for a year. Cities are for suckers. Places out in the country are dirt cheap.
Love hearing these stories. I don't care if you live on a barren hellscape, so long as you live away from people and got your place for cheap. I bought mine for sub $100k by the beach. Deals are out there
Have fun living out in the woods lol
@@NogGonnaMakeItwhat state
@@v1sudoI will
@@v1sudoNAH BRAH WHAT DO YOU MEAN BRAH I NEED TO LIGENWITHIN WAKKIJG DISTANCE OF A DUBLIN DONUTS AND A STIRP CLUB
Lmao I just paid asking price on my (soon-to-be) house after making like 20 different offers (on other properties) over a couple months. Cant lowball when there's idiots making blind offers, absurd cash offers and offering appraisal gaps.
Truthfully we're at the peak of a soon to be crash. Buying right now is not the move
this only works if youre in a state that people are moving AWAY from btw
"..ghosts" 🤣🤣🤣🤣
Got my house for 52,500, it was bought less than 10 years prior for 120k, we stole it......
true and hard lesson to learn. Go off Nick. Someones gotta tell em.
At my level, there are too many people willing to pay the stupid price
Wait... did Nick predict the alien thing?
Me, never owning a house until I retire listening about molding: yes, absolutely. 100%.
5:45
“I’ve gotta go get milk, brb.”
Nick summons Mark Warburg @ 4:12
2:33 was that a ghost flying behind the left of nick's head?
Heck yeah Drab Majesty shirt
Its a tear down RON!
Help him help his daughter
They asked 145,000 I offered 120k and they took it. 4 bed 2.5 bath with a couple freebies. Gottem good.
what part of the country?
Nick should see how chill it is in the pnw
casually predicts disclosure of aliens lul
Wish I found this 4 years ago
The US housing market has lost its mind worse than ive ever even read about.
Its 2006 level insanity.
Also applies for eBay
Ghosts
Funniest clip I’ve ever seen from him
Fantastic screed!
If you think it’s degrading or uncomfortable to ask for a huge cut on a house from some rich person selling up, just remember it’s your future too and you can shave years off your mortgage by pushing losers around
Bought time u take my advice get the rover 2
yeah the old "gee i only got alike 20 dollas" is sure going to work when they have 10 other offers.
Imagine if he was actually smoking in a giant kitchen with stacks of raw meat on a shelf😂😂 the unacknowledged green screen humor takes are God tier irony
Unhinged greaseball is unhappy about having endless disposable income
Can you flip the video for future videos so it's shown correctly next videos pleasee?
Sup with that pile of steaks back there
put nicks website in the description
What’s going on with Airbnb?
Good video
Lol damn intenso
The crash isn't coming anymore
Are the Carolinas a shit place to move?
Suicide rates💀
Respect Nick, hats off to u Sir Respect, we need more people like you! 😎😎😎💵💵💵💵💵👏
Soliloquy not dialogue
I like Nick, but if he ever tried this shit with a house I'm trying to sell, I'd fix him. He'd either be a normal human again, or a grease spot.
Don't put Nick in a self defense situation
Nah you wouldn’t do shit
"other people are scamming, so must you".... yea nahhh
Yeah, it's called a DIALOGUE when ONE PERSON spits some real s#!+. Sorry, I had to.
It sucks that this kind of mentality is rewarded in western society.
more like ✡society
Bro go to India and see how much they haggle
@@Gnosis4me4you no one wants to go to India.
You need to travel. Shit is way worse outside of north America and Europe.
@@autoentropy I am not from Europe or the USA. This kind of mentality is uniquely western.
these guys don;t deserve a platform
You used a comma instead of an apostrophe.
@@sackliveit’s actually a semicolon
Who are they hurting?
Learned this exact lesson when I bought my first car
Not for me, but good to know the tactics of bullshitters.
Anyone know any good books/articles to read to know about housing?
ART OF DA DEEL DONNY TRUMP
FIRE CHRIS