• DON'T Buy
: New Construction As
Your First Home A&
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    • Mf literally just described house flipping
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    • WHY ARE YOU YELLING???!!!!
      Arma3Guy 22 oct
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    • MOHNEE
      Atherium 22 oct
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    • Bro stop yelling I'm in the car with you
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    • Goddamn motherfucker lower your voice in the car dog
      shitteeth 23 oct
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    • Moeney.
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    • You know how hard it is for a first time buyer to get a loan for a fixer upper? Also most first time home buyers don’t know enough to tell if a house has just cosmetic issues,Save your bullshit and stop yelling a people.
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    • No fuck living with other people literally the shittiest home buying advice I’ve ever heard
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    • YOURE IN YOUR CAR WHYRE YOU YELLING
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    • This guy uses a fake accent and it makes him loose all credibility.
      PoThePo 23 oct
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    • Alright, who’s down for some actual advice?
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    • Getting financial advice from Asian seems legit.
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    • Okay hold on though. You left out that 99% of houses listed by the bank are cash only and the fact that if you use a Frannie Mae or FHA loan you can't purchase a rehab or any houses that isn't move in ready.
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    • Unless you have a few years of contracting experience, stick with new construction. The amount of bs that happens to a house through its life from people that "know" how to do repairs is insane. Unless you know what you're looking for you're in for a bad time. That flashing that looked okay to you?
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    • Fuck you I'm going to live in a camper just to spite everything you just said.
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    • Why is he yelling at me I am just a college student?
      Mushi 23 oct
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    • Bruh your supercar is soundproofed you don't need to yell
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    • 1. Why is he yelling? And 2. That’s a good idea but the amount of homes you find that are just “cosmetic” rehabs, is few and far between. Like the top comment said some people have this idea that they can do everything themselves and it usually leads to screwing up the place completely.
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    • Alright kids, sit down and buckle the fuck up: 1.) buy a house below it’s market value. 2.) rent out a room/basement that has a bathroom and if able, a separate kitchen, for the price of the mortgage. 3.) Go to bank, request a credit line of equity on your home to invest in another house and repeat.
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    • MOHNEY
      Fushious 23 oct
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    • ‘Moany’
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    • Don’t do shared living, save your money but small fixer uppers and if you’re handy you can do most of the stuff yourself if not ask friends or even hire some local contractors and either rent it or sell it( I prefer renting cause it’s Steady income) if anyone has any questions pm me my fam -
      SaltBath 23 oct
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    • WHY ARE WE YELLING!
      GLoomis 23 oct
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    • Trust me my dad is one of the best developers in the US I think I can just ask someone trusted
      Theheman 23 oct
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    • No. Do not follow this man’s advice when you’re buying your primary residence. Investing large amounts of money in your primary home intending to flip it a few years down the line is one of the worst/riskiest things you can possibly do as a real estate investor. Best case scenario you make a small
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    • Don’t rent unless you have a state where you can actually evict bad renters.
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    • Why he yell tho?:(
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    • “Moan Knee”
      Mybooty 23 oct
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    • This man has plastic hair
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    • WHY ARE WE YELLING??
      GR8B8M8s 23 oct
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    • Move dat mow-knee
      So_Empty 23 oct
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    • Bro i could hear you why you talking so loud in a car
      _Humble 23 oct
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    • Why he yelling?
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    • Ya but wouldn’t you have to live with other people?
      macdeala 23 oct
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    • Nah dog. Disregard this. My fucking house I built last year for 310k just appraised for 400k. He's right on about the capital gains loophole though. I just refinanced and locked in at 2.75%. it sucks to be rocked by inflated taxes though.
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    • Moeney
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    • Move that moany
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    • Moaney?
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    • This isnt a bad idea for people who are fixing up oriented. I recently did this and am instead renting the property out to my brother. I discount his rent whenever he fixes something. I actually made instant equity because the foundation had a superficial crack and the home inspector couldnt tell
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    • Why he yell???
      Gokumon 23 oct
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    • Just get what you want don't let people tell you what to do! Get what makes you happy!
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    • Solid idea, I just don’t have the motivation for it.
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    • Don't ever fucking rent property out, its a nightmare
      NotacopPD 23 oct
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    • I wonder how the hell some people get like 30 properties my land lord owns 21 apartments complexes
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    • Ching Chong Bing Bong
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    • Realtor here. This is some very shallow advice. For a fixer upper a construction/reno loan means you get the money in increments, and you have to prove where every dime goes as you redo the place. Odds are if you can live in it you can't get a construction loan. As for the renting (1/2)
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    • W3ST 23 oct
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    • This is not for everyone. You need to have the knowledge and snoons to pull this off. unless you want to pay tens of thousands to contractors and end up in debt. It was easy for me because I am a contractor and did everything with the help of my coworkers.
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    • I want to kick this dickhead in the teeth so bad
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    • Don’t believe the tax Gook read first
      Nosyt 23 oct
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    • Ching chong.
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    • Just get something nice for your first home. Fuck the new shit and the real shit ones and go with a remodel on the low end you qualify for and live alone (or with someone real trusted you've lived with before and had 0 issues). I got a remodel that was worth 40k more than I payed, im in a good spot
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    • No tax loophole Asian friend. Why live?
      Mongerist 22 oct
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    • New construction homes may look nicer, but they are more expensive and built with cheap materials. By buying an older home, there may be more sustainable materials, but it’s cheaper. Buying a house is a pricey bit, save yourself years of debt and get a cheaper house so that you can one day own 1/2
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    • Got to get that Moeney
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    • Schrodinger's Ethnicity: all of the races and none of the races at one time
      ShitSeep 23 oct
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    • Investing in real estate is a great way to make money! Especially if you’re a seller. The housing market is crazy rn. I have houses getting 20-40 showings a week. And houses are selling so fast that people will opt out of getting it inspected.
      CoIten 23 oct
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    • This guy's actually fucking retarded
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    • This man eats a lot of soy
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    • Yo this dude is yelling at me and he don’t know who I am..
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    • Plastic man sound like child.
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    • Mohney
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    • Who the hell can afford a newly built home as your first home???
      Sensino 23 oct
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    • Moanee
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    • Until you gotta fix all the bullshit problems, if not properly maintained (out of pocket). Plumbing, electric, AC, etc. A lot more complicated than he makes it out to be. You already gotta have money specifically for those problems, and they’re not cheap. 1/2
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    • Fuck off
      kri5 23 oct
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    • “Mutay famuwee”
      ayeboii 23 oct
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    • Nah this is a clearly communist bandit propaganda smh
      BloeJiden 23 oct
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    • Mf yelling at me in the car like I asked for a bag of candy in walmart
      Team3Star 23 oct
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    • dog why are you yelling so fucking loud in your leased ass car
      explosion 23 oct
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    • Yea, he doesn’t mention the time to fix it up, paying mortgage+rent during that time, the risk of finding structural problems in your fixer upper and the huge cost to fix, and how your tenants in the multi family don’t care about the house and fuck it up, and your tenants knowing where you (1/2)
      Evarx 23 oct
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    • bruh but how do i get money to do this?!? i have payments to make every month
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    • Stop yelling nigga
      Fuwaa 22 oct
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    • I refuse to ever rent a property. The only time I will is when school goes back in person and I rent an apartment but with my college situation that will only be 1 10 month contract. Otherwise my parents don’t want me renting either so they are letting me stay home for a year after college so I can
      Kevhart 23 oct
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    • Basically what this idiot is trying to explain is how to become a slumlord. There's no negative to this and yes there's huge reward. But by quitting your "job" you will have another job with much more OT thats not guaranteed. Work hard play hard. If you can't live by this dont do it.
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    • Monay
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    • "If I were you, I would move that pwopuhtee into a muwteyemiweun-" had to cut it off there, fuckin rocks
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    • If you don’t mind hard work, sure. YOU will have rip a lot of that shit out, dig shit up, etc. to not have to spend thousands and thousands for tradesmen to do it. Also be aware of what you’re walking into. Plumbing can be the worst of it, dear god
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    • That’s a nice amg, property flipping is where the money is at rn.
      damn01 23 oct
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    • My dad just moved into his own house after renting for 11 years, thing needed MAJOR work but after 2 years of work, its done, and comfy as fuuuuck to be in
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    • Just need to save up $50,000 on a down payment lol
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    • Why not buy a cheap land lot for cash from the tax office auction in your city. Live in a camper/trailer someone gave away for free/cheap and build while you live for free, with exception of yearly taxes. Utilities are luxury, haul in water, dig an outhouse and get a temporary electric pole. <10K
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    • Yeah sure I'll hop right on that
      Mrmouse00 23 oct
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    • Did I hear this correctly? He pronounced money as “moaney”
      Egem774 23 oct
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    • MOVE THAT MAWNEY
      KVGE 23 oct
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    • Stop yelling at me
      Corban_ 23 oct
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    • Sweat equity
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    • Tbh, the few good things the military has left me. Besides that, maybe even "free" college and some so-so combat training, but definitely a hell of a good time with the boys during deployments. Real deployments, not that peacetime bullshit Korea, Kuwait, Poland and others alike. Have a good day!
      CRAZYSHlT 23 oct
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    • Why is he yelling??
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    • Why is he yelling
      Rioting 23 oct
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    • New construction means warranties on equipment.....plus in 15 years you selling and moving away when all the critical components need replacement.....roof...water heater...a/c furnace
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    • I bought my house new construction. I love it because i know no other discusting people lived there before me lmao.
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    • Naaahh, my husband bought his house like 2 years ago when he was 20 and our house already tripled in value because he did a new construction in a neighborhood with ocean protected view so as the neighborhood develops his value goes up and he bought a plot of land with the best view of the ocean
      Green17 23 oct
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    • Bruh is just saying what Graham Stephan says but more pretentious
      CarFriend 23 oct
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    • Bro stop shouting lol
      arod12 23 oct
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    • Guy tries to help use. Every iFunny user-MHONEY
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    • What about the cum stains
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    • M O H N E E
      repostman 23 oct
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    • I own two properties on the east coast and three properties in the midwest. I am not financially free. This guy conveniently left out the part where as a property owner you have to keep up on the properties condition. Dont get me wrong. Im glad I own the land and buildings. But its not like you'll
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    • This guy doesn't know what its like to have to be careful when you buy a house
      R00dR00bm 23 oct
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