I agreed with you 👍👍👍

Welcome to the leftist global reset, where those in power remain rich while the middle class disappears into a communist economy with higher taxes, crippled supply chains (building materials) and "free money" (less workers) FJ

🤣🤣right!!

:( wow..so no hope?

@@jejoko how can we know if the massive wealth transfer upwards is caused by leftism or capitalism?

Nice joke. California has become a joke. So sad. I hope it comes back. 😭

probably they will charge the tent soon too (100K per tent- small ten- twin size bed size)

Thank you so much!

Appreciate it. FHA actually works out to a lower payment than conventional.

🙏🙏🙏

Wow you sound like me, I bought my town home back in 2017 for 90,000, while only making 13.50 an hour now my house is worth nearly 180,000 great Investment!!

People don’t realize that this is possible. Eliminate debt and you have way more wiggle room on a mortgage.

What about hoa bs...

@@ricky4673 where I live no hoa.

@@steviecoleman9260 where do you live??? 90k townhouse ?

damn that is a lot. Mine is a bit more reasonable$1500 before hoa fees. Even that is feel is high but its not as high as the rents around here and factor in all that damn moving I was doing year after year. I am actually saving. I didn't do my calculations on gross income like they did. I looked at my net income and knew based off that and my revolving debt and basic expenses what I could afford and still be able to save money.

Progressive23, excellent comment. Also, things can happen like hours being cut back or illness. Then suddenly. especially with a maxed out house payment, there goes the house. With the inflation in prices for a lot if basic items like meat, gas, household goods, plus taxes and fees( in California) who knows what your future budget will be???

I make that and wouldn’t dare do 2k/mo I’m complaining about my almost 1400/mo. Sorry you’re going through that but it’ll pay off in the future.

I’m also in NC tho so I’m sure that def makes a difference.

If you can't afford $2030 monthly payment, then you must either have a family with one than one child and/or a non-working spouse or you must be spending your money at restaurants, bars, goofing off with friends, traveling, etc.

Understood. Congrats on being a homeowner 👍

Glad you liked it

Yes, lender is same as loan officer but I should be saying "mortgage professional or mortgage expert". Communication, experience, knowledge in addition to rates/fees.

🙏

🙏

How bout you use google

Thanks Roberto

That's the catch being self employed, unfortunately

Bank Statement Mortgage is an option

50k a year In Cali ?? You can’t buy anything lol 50k a year in Atlanta and you’d be in a bad part of town .

@@kannonpatterson there are a lot of condos in California. He’ll be in something with palm trees he’ll be fine.

Facts. They will want to see tax returns and bank statements as well. Its very challenging being an entrepreneur and applying for a home loan that's above your means, especially if you earn under the national average

Thanks

Use the 3.5 down and refinance to conventional after a year or so. It will remove the mi

Yes on both.

That's very inexpensive considering. Especially with $80k/yr income. You're better off than 99% of people.

Yet my husband and I can afford $1550 rent but can’t afford $1200 mortgage 😂😂😂

Lol

How much did you put down though?

@@prettykitty5416 Around 10k I think. It was an FHA loan but a bunch of closing fees etc. So around 10k

0$

Are you saying $0?

How much down payment do you have? If you have more than 10% then conventional is likely the best option. If not, FHA may be the way to go. Get your lender to give you a side/side comparison.

Good luck trying not to pay closing costs.

I was think the same thing… a.3 bedroom is 2500 a month in south Jersey.

💪

12....lol

Sounds good and I agree, but unrealistic for most.

@@SoSaysYou it was a joke....

I'd say 3-6 months to be safe. 6 months could end up costing you the entire six months if you found a good deal and waited until you had a few more months of reserves. Then there's also those like me who pays $1655/month on rent when a 400k house here costs me roughly $1745 on the mortgage+property tax+insurance. Literally the moment I rent out one room, it offsets the house monthly to below the rent monthly. Even if I had zero tenants, at least not the entire $1655 portion will be thrown into the void but most of the $1745 will be towards building equity aka investing back into myself.

Tell me about it...............the one thing they should teach in schools is how to properly budget.

I bought a 17k travel trailer lol

@@justinlugo1661 I bet you can afford it then.

@Storytime with Mamabear not sure why you left out things like regulation, high taxes, illegals flowing in unchecked, CA closing down almost all mental health institutions, etc. Because greedy landlords have to pay mortgages too, you know? Not sure how lenders are greedy, is it that they want you to pay back the money you borrowed and agreed to repay? Also not sure what you mean by Toxic wealth. There are super wealthy people/entities everywhere, even in communist/socialist countries. The US is the only place where this shouldn't be an obstacle to you getting ahead.

@Storytime with Mamabear i have no idea where you are coming from with these statements. The rich people on average give much more to charities than any government ever does. Also rich people usually also create more jobs. I am not one of them, but I feel like you are slapping labels on anyone that becomes successful at earning money, and for some reason you are super concerned with what other people make/have rather than focusing on advocating for everyone else to make good decisions, work hard and live a comfortable life. Being from the former USSR, I can tell you that when the war on the rich ends everyone (outside of the controlling/government class) will be poor.

Pay off some debt first.

This week......Wed at 5pm PST.

When I researched these programs in the past, they will charge you a higher interest rate and want a smaller debit to income ratio. I decided to wait and save on my own. Do your research to see if it works for you. Also, the escrow can take longer to process. I'm closing on my first home next month.

Yes there is but varies state to state. Find a good lender that knows the programs.

You crazy lol

Reach out to me and I'll check. youtube@jebsmith.net

Got help?

You cutting it too close....you have to have enough money for emergency repairs, property tax hikes , as well as being able to save monthly

​@@tamarastone141 depends on savings investment

@keith wisdom no, it really doesn't. Not too smart to rely on investments. Savings is saving, you're not supposed to touch that. You must be young.

Yikes.....what's the percent?

@@JebSmith 2.2%

Its possible in that video, sorry

Move?

Tell me abt it 😅

Nah stay where he's at

jebsmith.net/referral

Good luck.

Bahahaha. I had a dream about it. Should I re-record?

@@JebSmith I don't understand what is going on? What was wrong with the number "One thousand nine hundred twenty four”?? Was it wrong? Which part? Why? I am confused after reading the comments.

@@mine1685 It was the strange editing and off audio of the number every time it was mentioned in the video lol which made it fun/funny

That's an expensive Honda Civic............the exhaust better be modified for $480/month 🤣

What's included in that number? What's your rate?

Some truth to that in some markets but they are happening. I recently accepted one on one of my listings and we just closed one for a buyer as well.

I make 51k yearly, bought my home this year for $148,000, the only debt I have is is student loans. There were some sellers that refused to accept an FHA offer but I was able to find a nice home that was FHA was approved. I do live in Tennessee which helps… but, it is possible!

50k is nothing

Very true

Nathan - do you make $325K? East coast salary and homes don't cost that much.

@@5guysproduction234 well, I can say $180k base average per spouse for a couple is common here, and that’s what drives the demand since they are willing to max out what they can borrow to get a loan on a house. You can look up four bedroom houses in Issaquah, Sammamish, or Bellevue in Washington State on Zillow to get an idea of the prices. I would prefer not to share our income, but I can say it’s pretty much game over for anyone below the $325k income threshold who wants to raise a family in a good area with decent schools. I would say that’s about equivalent to what $60,000 used to be in 1998. People can live comfortably on $500k/year at the moment, so that’s about what $100k/year was in 1998. These comparisons are about in line with similar comparisons regarding the price of gold. There are some crime-ridden areas further out where houses can be had for maybe $600,000 to $1MM. I wouldn’t roam around those areas without carrying, though. If one heads out where it’s maybe a two-hour or longer commute, maybe a deal can be found. That’s just the reality.

I was with you up to “move where it’s cheaper”. Everyone can’t just pick up and move. For example my job dictates where I live and I can’t just quit whenever I want because I’m under contract but I hear you.

@@kayw1771 people interview in other parts of the country with the understanding that they intend to move there for the job, relocating once they get their one or more job offers. I would not recommend moving first and then finding a job second, so it’s a good point. Unless you are in the military, you should be able to do something similar. Some people decide to start a business with the intent to earn enough to cover the cost of living. It often starts as a side business and turns into something bigger. Really, those people will be the ones most likely to stay in the area as people do not want to earn well into the six figures and still live in a little apartment or in a bad part of town. I made an ultimatum with my wife to move if we could not earn enough to buy our next house and she moved fast re-entering the workforce and starting a company, I’ll just say that. Leaving her family was her motivator. So if there’s a will, there’s a way.

That's what I did. I moved out of Orange County in 1990 to the Seattle area to buy a house, & again I moved out of Orange County in 2021 to the Phoenix area to buy a house. I have no home loan since I have no income. I got laid off in 2008 & gave up looking after 4 or 5 years.

I know, that was awful.

I don't as it's rare that anyone putting 10% down would use an Fha loan.

that video was terrible, here is the updated version that I just did a week ago - kzfaq.info/get/bejne/abyYpMyoxsjakWQ.html

🙏

I have..........kzfaq.info/get/bejne/abyYpMyoxsjakWQ.html

6.3%

I'm actually planning on doing this myself also single dude looking to buy unfortunately I'm in SoCal.

Lol

Its possible

Not necessarily

Yes, basically

Lmao yeap

Yea maybe in the slums

😂🤦‍♂️

No need. I get the gist of it. Thanks for all you do :)

It’s ok I got the idea! Thanks for the video

You can use credit card in case of emergency… while you invest with your money But be responsible how to use the credit card or you are be dead…

Great info, but I prefer to save money and do conventional, I hate PMI the same as HOA,

Hi,we really need your help sir.

Bingo and under national average as well which is 75k

Not even close bud,under 35,000 is minimum wage in CA.

@@NCal82 35,000 your a homeless in CA.

24k a year is too much wow. You shouldn't have a family brah

Lol

Depends on where you live. 50k in mobile, Alabama is not the same as NYC

Thank you, in Texas, Alabama, Louisiana, Mississippi you can afford a house with that salary

@@noellhankton5438 are cars cheaper there too? Insurance? Gas? Food? Clothes? College tuition? Those are pretty standardized across the country.

@@rp1268 I can only speak for Mississippi but most of those things you listed are cheaper. Gas in California is $5 a gallon while it’s $2 and some change here buddy

@@noellhankton5438 even now? That’s incredible!

Thank you