My friend took over an old warehouse, and the homeless people that had been squatting in it had stolen all the copper wires, as you could see and you'd expect. It was odd though, there were no toilets. He didn't think much of it until he installed new toilets, and they immediately backed up. The had also smashed the old toilets into small pieces and stuffed them down the drains. That was expensive to fix, so always be wary of any structure where the toilets are missing!!
That's why people watching TH-cam and how easy it is to flip a house should stop watching and listening to that garbage. If you have no idea what you are doing you probably shouldn't be doing it 😂😂
You're the man for staying focused and saying your lines with that chirping. I would have been stumbling over my words getting flustered every time it made a sound.
I found your channel after feeling like I can't go any lower as a man and MUST get something going to earn after years of stagnation. Thank you so much. I have or will find that $1000 and I have a credit score of more than 620 so I am going to invest it like you showed in one of your videos with USDA loans.
I know all about it. I work in Property Preservation for the bank so i know exactly what you mean. I deal with foreclosures everyday even the ones that are going to auction.
Found your video while researching how to find foreclosures in my area. Great information that will be helpful if I can ever figure out how to see which properties are in foreclosure in my area. They don’t post in the paper here.
You've earned me as a subscriber, thank you for making the videos you do. giving me the some knowledge and confidence to start looking for my first home.
I am a private landIady have 1-3 bedrooms Apartments and Houses in a quiet and conducive neighborhoods,I accept short and long term lease,no credit check or background check,and we can work things out if you have felony or criminal records,I have pet friendly house and apartments with immediate approvals after your application have been reviewed.
They still put them in the news paper in Virginia. I know a fellow investor that will go to the houses and either make the owner an offer. Or talk to the tenants and offer them a few bucks for the owners phone number
If you want a good deal on a house get a time machine and go back to the 1950s. Buying any house today today is stupid since zillow took control of the free market and killed it.
I've heard they have bought so many homes that it's driving up prices! I have no idea if that's actually true. However I do know they work with The World Economic Forum who say "You will own nothing and like it." Makes me wonder if that's actually why they buy them up in mass.The wef wants us to rent everything including cars and housing. They also are planning smart cities but I don't know much about that. Pretty creepy.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
217K for this on LI no way. 1% rule not even close. I mean to rent it 2000k/m . Overvalued ,pass that's why no one bought at courthouse. Thanks for insights
What county it is in the county assessor's office will have info on who owns it. It might be on the internet. Property ownership is public and not a secret. If they won't tell you just move along because something is wrong with it and government knows and you don't want to.
Great video. Thank you for this content. A tip for your channel though: When asking viewers to subscribe, be sure to request specifically that they toggle the bell 🔔 icon to receive All Notifications, because having subscribers that miss your content is actually worse than having less subscribers, but those fewer subscribers being dedicated viewers. This is really big and many TH-camrs don't realize how important the ratio of watch time to subscribers is for the algorithm. Very often, many people subscribe and hardly actually consume content, having only so much time in their days. You need to be sure that your subscribers are consistent viewers and not just skeleton subscribers that ultimately impact your channel's longevity in the long run. I can't emphasize this enough. Also, likes really don't matter to your channel, and are used to determine what content viewers like as opposed to making your channel more attractive to the algorithm. Cheers 🥂
Yes, there are cheap homes out there. You can get foreclosures for a family to have a home. “Look honey we can finally afford a $100,000 home at auction“ then comes along a sleazy grimy real estate agent to scoop it up market up three times the amount and try to make a profit.
Thank you for this video!!! I am looking to purchase a foreclosed home with lots of land here in Concord, NC, but there's so much development going on, that's it's hard to even find foreclosed properties. What would you recommend I do to obtain the foreclosed land (on about 2 to 5 acres)? Thank you.
Is it currently listed for sale? If not you could try to approach the bank (if you can find out who the asset manager assigned to that property is, that would be helpful). Some banks won’t sell properties until they’ve been fully brought to the market and publicly advertised though.
That's a great question! It depends. As long as the bank has not accepted another offer you can go back and submit new offers as many times as you want.
I am in Chicago. Can you, please help me to please, to find hase, town house on good term around. ??? 😊 I like to "buy " north , or west, , or north west, nort east or east of Chicago suburbs. I don't have iany idea how to do that.
I personally would file a motion of stay of execution with prejudice citing this case law with this (Stop A Foreclosure ) Case law: People vs Merchant Protective Corp. Supra ex rel. 105 Wn. 12 | 177p 694.); re Co-Operative law Co, A corporation (Bank) can neither practice law nor hire a lawyer to carry on the business of practicing law for it. I’m assuming this should work in both judicial and non judicial states. For those of us whom may live in a No Judicial state this can be attacked with a possible motion of stay of execution citing a constitutional violation of due process under the supremacy clause at least this would be my action against the mortgage company trying to rob me of life liberty and the pursuit of happiness. Hint hint wink wink. 😊 I am Not A Lawyer just giving you some lawful education information just do (due) your due diligence. Peace and love
My friend took over an old warehouse, and the homeless people that had been squatting in it had stolen all the copper wires, as you could see and you'd expect. It was odd though, there were no toilets. He didn't think much of it until he installed new toilets, and they immediately backed up. The had also smashed the old toilets into small pieces and stuffed them down the drains. That was expensive to fix, so always be wary of any structure where the toilets are missing!!
Was the building flip/keep successful?
$100-$300 to have the sewer lateral cameraed. We’ll worth the piddly cost for the peace of mind.
That's why people watching TH-cam and how easy it is to flip a house should stop watching and listening to that garbage. If you have no idea what you are doing you probably shouldn't be doing it 😂😂
AA
Wayne, I have been a licensed REALTOR for 30 years and you Sir, are amazing! Thank you for providing such valuable information to all! 🎉
Wow, thank you!
Not 30 days! 😅😅
You're the man for staying focused and saying your lines with that chirping. I would have been stumbling over my words getting flustered every time it made a sound.
I found your channel after feeling like I can't go any lower as a man and MUST get something going to earn after years of stagnation. Thank you so much. I have or will find that $1000 and I have a credit score of more than 620 so I am going to invest it like you showed in one of your videos with USDA loans.
Probably one of the best channels about real estate
Home with repairs $$ cash
It’s a lot of unforeseen issues: beware if you can’t put in hardwork $$$ is more than you see.
I would of never guesssed you only been doing real estate for 30 days. You are very knowledgeable in a very short time.
He's been doing real estate for 30 years, not days!
@@felixvc2013 I think he knew that.
Picked up on that right away also
Hi Wayne! You just taught me a lesson on Foreclosure, because am thinking on buying for income. Thanks.
I know all about it. I work in Property Preservation for the bank so i know exactly what you mean. I deal with foreclosures everyday even the ones that are going to auction.
Would it be a good idea to proactively contact banks to see what foreclosures they have in the books?
?
@CoachatCole just now seeing this. Yes, see what they have in auction status as well. Try to negotiate some of the homes that didn't sell at auction.
Found your video while researching how to find foreclosures in my area. Great information that will be helpful if I can ever figure out how to see which properties are in foreclosure in my area. They don’t post in the paper here.
You've earned me as a subscriber, thank you for making the videos you do. giving me the some knowledge and confidence to start looking for my first home.
Awesome vid. Picked up a quadplex that was a bank foreclosure. What a learning experience.
Where/how did you find it? Zillow,Redfin or pocket listing
@@vanessafrazier4516 Zillow.. jumped on it immediately.
Good information. Thanks. 👍
WAYNE,, THANKS FOR YOUR VIDEOS AND YOUR TRUE WORDS.. PEACE!!
foreclosures typically are overpriced...banks inflate their value to write off the losses...
I am a private landIady have 1-3 bedrooms Apartments and Houses in a quiet and conducive neighborhoods,I accept short and long term lease,no credit check or background check,and we can work things out if you have felony or criminal records,I have pet friendly house and apartments with immediate approvals after your application have been reviewed.
Hello, what state are u located in?
They still put them in the news paper in Virginia. I know a fellow investor that will go to the houses and either make the owner an offer. Or talk to the tenants and offer them a few bucks for the owners phone number
Property ownership is free from the county assessor, public knowledge and here you are advising people to pay for it from strangers!
@@cravinbobThe newspaper post the adress of the propertys going into foreclosure. The county doesnt tell you which ones are going into foreclosure.
@@cravinbobbecause nobody is promoting squatters.
If you want a good deal on a house get a time machine and go back to the 1950s. Buying any house today today is stupid since zillow took control of the free market and killed it.
So just for clarification, you'd typically need to have cash in order to bid on a foreclosure?
Whoever lived there didn't keep up on the smoke alarm batteries 😂
Did u say 2100 sqft for 1000$?
It be like that sometimes
That's what caused the divorce, which caused the foreclosure.
Well well well
No lie that drives me Crazy 😜
Your photo says $100,000.......5 min in and you admit that the house is actually $200k?!! That's literally DOUBLE. What gives?!!
Yea I thought same thing
@@TheresaWebster-rz5ny me too
I thought these homes were risky because they could have a Lien on it.
Wow, what a nice and concise explanation. I took notes and I hope to close soon sir. Good day to you! Wish me luck sir.
Can you negotiate the price once the real estate brokers have it ?
Can you go up to the bank and get a list of their foreclosures that they own?
My friend you just got yourself another subscriber. This was a very informative video. Thanx for sharing your knowledge.
thanks for the video, the fire alarm chirping every three seconds in the background very distracting
Most people never notice that even in person. It ruined the video for me.
The house has been sitting WAY too long empty! Before you do the video TAKE THE BATTERIES OUT!!!!!🙄
Would this be a good road to go down as a 1st time home buyer and someone who’s going to live in the home ? And is it cheaper?
How do you get an inspection if the house is locked up?
Informative. How are investment firms like black Rock buying up so much real-estate almost as soon as it hits the market?
I've heard they have bought so many homes that it's driving up prices! I have no idea if that's actually true. However I do know they work with The World Economic Forum who say "You will own nothing and like it." Makes me wonder if that's actually why they buy them up in mass.The wef wants us to rent everything including cars and housing. They also are planning smart cities but I don't know much about that. Pretty creepy.
@@vapeking466 I've heard the same thing.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
That’s what happens when you vote for democrats.
Currently looking at a foreclosure house, thanks for the information.
Very helpful video. Thank you for sharing your knowledge
Amazing video! Thank you!
Mr. Wayne, we were hoping to see the details of the house from the outside and inside, but you preferred to focus the camera on your face only..!!
217K for this on LI no way. 1% rule not even close. I mean to rent it 2000k/m . Overvalued ,pass that's why no one bought at courthouse. Thanks for insights
Good word, good word!
When you find a forclosure you want to buy how do you get access to the property? It's on a third party site. Everyone is giving me the run around.
What county it is in the county assessor's office will have info on who owns it. It might be on the internet. Property ownership is public and not a secret. If they won't tell you just move along because something is wrong with it and government knows and you don't want to.
What township is that 1000.00 property in. I need to go to that area. Let me know please!
He’s talking about FHA and USDA loans that can be done for $1,000 down instead of xx%
Information worth the subscription. Thanks for teaching.
Great informative video to watch ( thanks)
Thank You!!
Appreciate your videos...thanks
Great video. Thank you for this content. A tip for your channel though: When asking viewers to subscribe, be sure to request specifically that they toggle the bell 🔔 icon to receive All Notifications, because having subscribers that miss your content is actually worse than having less subscribers, but those fewer subscribers being dedicated viewers. This is really big and many TH-camrs don't realize how important the ratio of watch time to subscribers is for the algorithm. Very often, many people subscribe and hardly actually consume content, having only so much time in their days. You need to be sure that your subscribers are consistent viewers and not just skeleton subscribers that ultimately impact your channel's longevity in the long run. I can't emphasize this enough. Also, likes really don't matter to your channel, and are used to determine what content viewers like as opposed to making your channel more attractive to the algorithm. Cheers 🥂
Where's that house locatoin
Can you tell me please?
Thanks. Do you have any agents to recommend in Dallas area Texas?
i dont get it - at 8:54 you say you can buy a house like that for only 1000 dollars - even when it is listed for over 30 days? please explain.
Dropping facts. Thanks Wayne. HUD does/can counter your offer! So bid low and they can counter. It never hurts :) This is what I do!
Yes, there are cheap homes out there. You can get foreclosures for a family to have a home. “Look honey we can finally afford a $100,000 home at auction“ then comes along a sleazy grimy real estate agent to scoop it up market up three times the amount and try to make a profit.
thats sad
Ty Mr Wayne. Always great perspective
12 foot ceilings and your head is touching the light fixtures
Help me I am looking for Ranch in Cucamango I am very interested
Hello my club would love to work with you. Thank you and happy holidays.🎉
12 foot ceilings ? Are you sure?
If so plan for high heat and air.
Thank you for this video!!! I am looking to purchase a foreclosed home with lots of land here in Concord, NC, but there's so much development going on, that's it's hard to even find foreclosed properties. What would you recommend I do to obtain the foreclosed land (on about 2 to 5 acres)? Thank you.
Is it currently listed for sale? If not you could try to approach the bank (if you can find out who the asset manager assigned to that property is, that would be helpful). Some banks won’t sell properties until they’ve been fully brought to the market and publicly advertised though.
If you must pay cash, how do you lock it up with 1k?
Where do I find foreclosures? Looking to buy something in dfw area.
What about capital gains? Can you teach about that too please ?
Yes!
Roofing, nearly every other component of a house is more costly to repair than HVAC
That's impossible. How come you can buy a house for a thousand dollars. Something is missing here
He's talking about the monthly mortege
I found a foreclosure and my realtor said I couldn't buy it because it was bank owned.
Your Fired is what you say to them.
WHAT LOCATION , WHAT CITY YOU SHOWING THE HOME?
Mold test; $400. Gallon of bleach and a couple cans of lysol; $20. No brainer.
Show the properties
Very thorough.
Thanks
Lol i think he meant 30 years, but that was a hilarious slip up :)
You’re one of the very few who noticed. Lol.
Great blessing job
0:46 - now foreclosures r listed w/real estate brokers.
9:50 only 30 days?? 😂 😮 👍
I see that too. It's a mistake. He means 30 years. You probably know that too. It's funny thou.
❤thank you brother
If you bid and the bank rejects it, are you able to bid again at a higher rate?
That's a great question! It depends. As long as the bank has not accepted another offer you can go back and submit new offers as many times as you want.
I would have to carry around smoke alarm batteries to each house. 😅
very different ！
*$26,020.43 house available !*
Where is that? Anything in Houston Tx?
Very informative but please fix your smoke detector. For a minute I thought I had a smoke detector going off in my house 😮
Helped me a bunch
Hello, I would like to buy a single family in Cypress Houston Texas.
Reach out to me through the contact info in my bio and I'll get you all set up
Good
Who do I find in Oxford, Rochester hills , Clarkston, Lake Orion Michigan?
I am in Chicago. Can you, please help me to please, to find hase, town house on good term around. ??? 😊
I like to "buy " north , or west, , or north west, nort east or east of Chicago suburbs.
I don't have iany idea how to do that.
Wayne, please send me lenders you recommend in Henry County GA. Ready to qualify. Interested in the option of assuming a loan with a lower int rate.
Nice home
You can you va loan at the auction?
Location, location. Amen.
Thank you!
What Courthouse? City, County, what?
If it's being sold through realtors then it's overpriced
good to know thansk
What about a FHA 203k loan?
Where are you located?
Please am a student and i need financial help any thing from your heart to support
What is that noise?
Annoying high pitch sound. Rookie
Can you help me buy a house in Houston suburbs Tx
What’s that damn chirping sound
Sounded like someone was playing basketball with some rubber soles🤣
I love to connect with you for mentor please.
I personally would file a motion of stay of execution with prejudice citing this case law with this (Stop A Foreclosure ) Case law: People vs Merchant Protective Corp. Supra ex rel. 105 Wn. 12 | 177p 694.); re Co-Operative law Co, A corporation (Bank) can neither practice law nor hire a lawyer to carry on the business of practicing law for it.
I’m assuming this should work in both judicial and non judicial states. For those of us whom may live in a No Judicial state this can be attacked with a possible motion of stay of execution citing a constitutional violation of due process under the supremacy clause at least this would be my action against the mortgage company trying to rob me of life liberty and the pursuit of happiness. Hint hint wink wink. 😊
I am Not A Lawyer just giving you some lawful education information just do (due) your due diligence. Peace and love
Please mam Please am a student and i need financial help any thing from your heart to support
If I had a dollar for every 💨smoke 🚬detector beep…
Which location
Hi sir can you give me where location please send to me thank you so much
Sound like the NBA finals in there 😅😂
Wanna buy a house.. worth 80k to 100 k ... I don't like snow place
Yes..