Here’s Why I am Selling This House

[@mc4906]

Well I'm sold Matt. It sounds like you put in a lot of time and thought about this decision. Who knew that the young veterinarian putting Glocks in the microwave back in the day was such a good businessman.

[@ecaldrone]

He forgot at the very least realtor fees and capital gains tax. Average is about 6% of the house price for realtors ($19,500, selling at $326,000)and I'd be willing to bet he's in the upper bracket for capitol gains, around 35% ($70,000, pocketing $200,000). So, that 326,000 gets cut down by quite a bit. So, if he uses all 236,000 left, that drops his "interest @ 7%" to 16,500. He'd be losing about $2k a year....and that's just dirty math..

[@DTOM76]

We need more Glock vs microwave videos!

[@arnefines2356]

@@TheR00k1e2 Depends on the loan being serial or annuity

[@loracorwyn3713]

@@ecaldroneif he used a realtor. Could be a private sale.

[@ecaldrone]

@@loracorwyn3713 that only gains him $1000 yr in saved interest, plus I was being kind on the capital gains tax....he still loses by selling.

[@Random12231]

I was in a similar situation in my mid 20s and made almost identical decisions. Bank approved for 300k, bought for 128k. House is now valued in the mid 400s. Housing market is insane and I don't envy anyone trying to get into it right now. Consider myself extremely lucky to be in the position I'm in. Sadly it's a lot harder for this generation to find those kinds of deals without going for a total fixer upper

[@SalamanderS337]

you probably could have made that statement back then housing will just increase that is not a new trend, so it realy doesnt matter if you want to invest you gotta do it asap

[@jayhill2193]

@@SalamanderS337 that's how bubbles form and every now and then, they burst. Of course that's nigh impossible to predict and you don't wanna miss out on the boom before, but some folks will end up not very lucky.

[@CoreyFlickinger]

Me as well! Bought for 126k. Oct 2020. Zillow doesn't satisfy the equity it doesn't see on the inside.

[@TheWoodruffnavy]

Hard hat was from me the patches are mine from active duty. There was a letter thanking you for all your support I’m 100% disabled vet Ben out for a year you helped me on my rehab.

[@AshFromEarth]

Glad you’re doing well man 💪🏼

[@jeannenelamm4288]

Thank you for your service‼️🇺🇸🇺🇸🇺🇸

[@atlanticancameos5131]

Hell yeah brother 💪

[@lindascott6637]

Thank you for your service!

[@SaulTink]

Matt needs to see this one!

[@ProGunsZach]

This is great advice for 5+ years ago. Unfortunately, that house almost tripling in value for you means it nearly tripled in expense for others that want to do something similar. There aren’t many houses that new families can afford right now.

[@frazierk300]

Amen man

[@mattb4571]

Yeah idk how you juggle everything and keep on top of businesses, yt channels, all your vehicles, the ranch, all the other "small" projects, and you cant forget about family which is the most important. Mad respect to you!!! Love your content!!

[@undergoddess]

theres a mere and a jenna.

[@Mudbuttmoody]

Yeah him and Cleetus are both maniacs when it comes to business

[@t8erlove]

He’s not doing it alone. He has a great team and an amazing wife that helps a lot.

[@JB10651]

@@Mudbuttmoodyand HeavyDSparks.

[@MrCrybaby95]

I’m convinced that Matt has 3 twins brothers to keep up

[@joydavis1670]

Thank you so much for encouraging the "debt free" route & Dave Ramsey. Good stuff. You are doing an awesome job. So proud of you.

[@tylerbrand5149]

I follow Dave Ramsey and I’m on the baby steps. I’d love to hear more about y’all’s journey through that in the early years. You’re an inspiration to so many, I feel like your story following Dave could inspire so many to start the baby steps.

[@Vinegar_Stroke]

Matt the motivational speaker! I had a car lined up to buy this weekend and I literally took the deposit and payed off my credit card just now. Now I'm debt free but sad I'll miss put on this car 😂

[@izzyplusplusplus1004]

An even better car will come along.

[@SlurmDude]

As a new homeowner, i really appreciated the numbers. Matt out here teaching us the financial advice we actually wanted in school

[@gary_neilson1896]

Except paying off your house with extra cash isn't a good idea when you can invest that same cash and have it grow at a faster rate than your mortgage interest will charge you.

[@jamesgarrison6430]

​@gary_neilson1896 true but if the market crashes you have it payed off and you don't have to worry

[@dakotareid1566]

@@gary_neilson1896it’s a great idea, no debt is better than risky investments

[@THeBoZZHoGG]

the paying it off quick part was right, the calculations...well not so much

[@MrArcticPOWER]

@@jamesgarrison6430 When does the market crashes? The housing market is A LOT more fragile than the stock market. The S&P500, Dowjones and NASDAQ are historically safer then the housing market and will give you a better return.

[@KenG....]

Thank you for teaching the importance of being debt free.

[@Shani_Tev]

When ever Matt is at this house he gets super excited about saving, super cool 😊

[@ignorantlyspeaking]

Haha, I remember when he was *writing out the numbers when he decided to keep the house and rent it out. It was a math lesson

[@Barry.ONeill]

​@@ignorantlyspeakingI remember him teaching us about Roi 😂

[@121Corey121]

Just being honest, your talk from roughly around 8:00-10:00ish (very rough estimate) was the perfect thing I needed to hear in my stage of life. I have watch you for... what.. 10 years? I am amazingly happy, beyond joyful, that I am STILL watching you... and none the less.. still learning. You, sir, are a true man. God bless you and your family and ever endeavor you may take. You are my hero.

[@ScottWaa]

The housing market is absolutely ridiculous. As someone trying to buy a house it super hard to get into it. Good on you for helping out friends on the rent side.

[@ABrit-bt6ce]

Bought mine at 20k and it's good for 100K about now. Total poo hole but it's my poo hole.

[@RedSampler]

@@ABrit-bt6ce that,s the spirit..🙂

[@DaleGribbleMD]

​​@@ABrit-bt6ce I bought my poo hole for 20k too. It's worth about 60 now. I'm getting tired of living next to a bar and railroad tracks though. I think I'm going to sell my poo hole... trying to buy a place in the country.

[@bryanb4351]

I don't believe him

[@ScottWaa]

@@bryanb4351 believe who? The place I rent went from 100k to 240k in 10 years. The avg home increased 40% in the last 4 yrs.

[@hike2]

Dave Ramsey is sooo right! I know because I didn’t listen to him early in life when I could have. I do now, 15 years too late. His course works and works surprisingly fast! You will feel good about saving, as soon as you see a little $ accumulated and you realize you could survive losing your job, it’s all worth it!

[@mars5116]

Honestly i would watch 24 hours of you talking about interest and paying off stuff as a mid college student 😂 “makes total sense” yeah when you say it!

[@davidlindsey5078]

RIP Dozer miss that lil pup and he wasn’t even mine so couldn’t imagine how much he meant with the fam just know he’s still in our hearts

[@andreasjohansson2339]

I remember when you would bring patients from vet ranch back here so you could monitor them and the kids could cuddle them ❤

[@TBassFactory]

Smart move Matt. I’m doing the same thing down in Seguin. Bought one for 130 and gutted now I’m doing drywall.

[@Tamcginn]

I’m a numbers person as well so I enjoy seeing how you and Meredith have been able to build your successful business from the ground up!

[@bobbyland3970]

Proud to hear you speak of Dave and his approach. More people need to learn and listen. You are an A+

[@Miragexe]

Crazy that the house tripled in value, going to be a lot more difficult for people to buy a home when everyone buys them to flip them.

[@act4231]

Saved this to my playlist to look back on when I need to fortify my mindset away from instant gratification. Thank you Matt! ❤

[@mikkib17]

Yes!!! We love and see the vision of the ranch. You are brilliant Doc!

[@roellek16]

I love Mikey and his energy.

[@jeremylandis4228]

And hope he is careful during his shenanigans!

[@heatherreich2687]

The fact you showed us the sweat situation I commend you bro that’s a whole new level of confidence and funny as hell!!!😂😂

[@dave61242]

Great advice and congrats on saving your marriage. I have a feeling that if you got that car,, divorce lawyers would follow and you would lose the car. The Ranch will buy it for you eventually. You know, waiting and good things n all.

[@izzyplusplusplus1004]

I remember watching you and Mere remodel this house. Good ole days.

[@michaelschuler8984]

I was thinking the same thing

[@GRB77]

Would it be crazy if the community all donated a dollar to get him that car? I know he’s already doing well, but I’ve certainly had $1 of enjoyment from this.

[@diseabronx5075]

My Dad gave me the same advice, and now I almost own my own home before 30. Sure it sucked not going out and having a ton of fun, but it’ll be worth it long term.

[@BourbonInhibitions]

No it won't lol. You're only in your 20s once.

[@paulosanderson785]

Whether intentionally or not, Matt just gave everyone who watches this channel a free lesson in wisdom, personal responsibility, and self restraint. The lack of those three things is why our society is in trouble. Well done Matt.

[@HeyMichaelLeo]

That is some solid advise, thank you for presenting it in such a way. I have been debt free for over a decade now and am now in the happiest place in my life. Never going back to the slave life. One of your best videos bro.

[@scottyzevt]

Thanks Matt! I feel like you made this video for me. I've been wanting a nissan z. I've been looking alot. I only owe 50k on my house. Thanks for helping me re focus on the priority.

[@anselpronk8779]

I love your financial advice. It’s always how I have had my principles. Even renting out for little lower to friends to bless them, they will in return take care. It’s so true! I can affirm this. One more principle I love to apply: always be generous in giving. Giving to those in genuine need. It gives a peaceful, joyful and blessed life. Thank you again.

[@NewsScapeChannel]

How do we persuade Matt to run for Congress? Is there anyone on the Hill that has any more pure common sense and better family values?

[@bentleyboy58]

That Ford GT will probably appreciate more than 7% per year

[@tboy3724]

That couda dually is probably not lookin so great at this point

[@mikeredrugger]

DEMO!!! My dude so glad to see that you like these and hopefully you get to put them to good use! Thanks so much for the shout out Demo!

[@OffTheRanch]

Thanks for making them and sending them brother!!!

[@mikeredrugger]

@@OffTheRanch Any time. If yall ever need knives for destruction testing let me know. I have no problem hooking ya up

[@383CudaMatt]

This is one of the best videos that you’ve ever posted!! Very solid advice that everyone should follow. I sent this to my teenage sons to reinforce that Ramsey philosophy that I’ve been flooding them with. Thanks for the great content!!

[@buckfiden9913]

But I really "NEED" a new 4-wheeler! ... dang it, Matt! Why you gonna go and make me reconsider the more financially responsible option of keeping my old one that works just fine. Did I mention the new one is shiny and red, and and, it has big tires... and it's shiny and red? 😞 I should probably just keep my old one seeing that the economy is on the verge of collapse, WW3 is about to start, and aliens are real.

[@KRT045]

A lot of thought and smart decisions going on. It’s almost like you have an amazing dad who may have taught you a thing or two. 😉

[@SacredZephyr]

I’m upset because I feel attacked that Matt said don’t buy that motorcycle when I was like “maybe I should buy that bike”

[@yuGtahT]

A sweaty Matt is a wise Matt...

[@davidjasinski6633]

Thank you for the quarterly financial lesson...I really enjoy them.

[@Cpt_Kinz]

Love your content man, keep doing what you’re doing! Congrats on selling the house!

[@hook357]

I only knew you from demo ranch but I'm so glad I found this channel. Hearing more about you and Meredith's story and your journey is so inspiring. Keep it up!

[@Coop1588]

your the big brother every man needs.

[@stevesmith-mc1zk]

It is crazy and heart warming to see how far Matt has come from early days on KZbin. This is such a fun evolution to watch over the years!

[@Blackwolffe097]

I was actually thinking about this house the other day Good to see it again

[@TheMafiaBlessing]

You kinda fucked up by not 1031 exchanging this house when purchasing the ranch. Call it a learning experience Honestly do not sell it, consult a financial advisor. The cash flow at current market rent will benefit you more than selling it at this point. Put the cash flow from the house into paying down the principal balance on the ranch.

[@AndrewB416]

This is important information for everyone to hear that most people either don't know or don't talk about. Good job Matt.

[@zbarie22]

Better sell it before the housing market crashes.. Which I hope it does so I can actually afford a house... Instead of paying $300k for a $150k house

[@dakotaaddair]

Better today for a better tomorrow! You’re an inspiration! Keep at it!

[@FieniX_]

$300,000 budget in California will buy you a 6 person homeless tent! Or the equivalent of a 2 bedroom crackhouse.

[@Janer-52]

Absolutely! It worked for me as well. Made over 250K off a 90K house I kept for 30 years. My retirement is secure, and I'm living totally debt free.

[@tubeonline629]

How bad were the taxes on that 160,000 capital gain?

[@raynman6466]

Your retirement is secure with 250k??

[@guitarshredder133]

Hell yeah Dave Ramsey is my dude he has taught me so much about finances. His entire team is amazing.

[@DaveAwesome]

You should hire your own construction team to build all those places back at the same time. Buy all the lumber at once from a supplier, not a box store. Then the siding could be how you make the cabin look different from the bluff buildings or main utility office building. Consider too all the buildings at the resort with metal roofs are good. I saw some pretty cool metal roof tiles that were for sale the other day.

[@youtubebandme4382]

That's a good idea

[@MAGAMAN]

Yeah, home depot is the worst place to buy lumber.

[@ignorantlyspeaking]

Codie Sanchez follows this man. He's likely to own a construction company before we know it. He's about to get even more solid mentorship.

[@youtubebandme4382]

@@ignorantlyspeaking yeah ok

[@ignorantlyspeaking]

@@youtubebandme4382 what are you trying to accomplish here? Did you just have a sudden urge to express yourself and those were the words that surfaced? Is it delightful spreading unnecessary negativity in the world?

[@paulrobertson7650]

Thats exactly how we lived! Now we're about your dad's age and sitting pretty...can't see my grandchildren doing the same thing???

[@paulhoffman6947]

Thank you you mention Dave Ramsey, and one of your videos a long time ago about unless you make $1 million you shouldn’t buy a brand new car. And ever since then I’ve been listening to Dave Ramsey and following him and it’s to make a world a difference in my life.

[@MyWatchIsEnded]

I would love to have a house like that especially since apartments in my area are a minimum of $1300/month for a one bedroom.

[@robwigglezz944]

I remember paying 600 a month for rent in my first place same house is now 1300. How can young people even afford to get a house these days

[@loracorwyn3713]

They can’t

[@1mg32]

Мэтт, твои слова не всегда применимы. В моей стране из-за войны квартиры подорожали в два раза. Ну или курс денег упал в два раза. Те, кто взял квартиру на все деньги, сейчас могут просто её продать, закрыть кредит и купить другую, чуть дешевле, но уже без кредита. Тот, кто купил новое авто в 2020, продают его дороже, чем покупали. А я жалел денег, нет новой машины и новой квартиры, и сейчас не могу позволить покупать ничего, так как кредит три года назад 10%, а кредит сегодня 30%

[@samtomkatt]

When Matt actually charges fair rent, good landlord moment

[@lesliesteele3926]

That house would rent for $2,300-$3,000 in my area. It's insane, not even accounting for the requirements they have gotten to for qualifying.

[@ChrisWijtmans]

here i was going to fsay that the house 500 too much. inflation is insane indeed.

[@nicolivoldkif9096]

It's much easier to have lower rents when you have good tenets.

[@wiskysin]

I'm 43 years old. Paying cash for a $35,000.00 fishing boat on Saturday. Done waiting.

[@ElegantMessTechPC]

Love the life lessons with Matt episodes, they're always the best !

[@jmoore8138]

I miss all the positive advice! I have on my desk "Do something today to make yourself better tomorrow thank you were yesterday- Matt Carriker"

[@jammasterflash9448]

Massive Matt fan however kinda hard to take take serious financial advice from a guy who smashed KZbin early on and has very cleverly leveraged all his opportunities provided by this cash cow since then

[@PeaceMeBish]

Matt’s financial advice: Don’t be like Becky. That needs to be a shirt right there. 😂

[@crowntsp]

I’ve seen the cowboy hardhat on job sites quite a bit not trying to be mean or racist but generally every time I see one it’s usually a Hispanic feller wearing it

[@builtbybo22]

Ranchtang all the way!! Let the tires burn baby!! #BuiltByBo

[@tmarkley6788]

I felt personally attacked when he said you don’t need that motorcycle 😂. I can’t wait to see more progress on the ranch!! Keep up the great work buddy

[@cadensmith5050]

Just put a grand on my motorcycle payment, thanks Matt, I was saving to buy another one but I guess it can wait haha.

[@JAW88]

So when are you getting Dave Ramsey on the ranch?? We are Dave Ramsey graduates as well!!

[@2nd-place]

No, just increase the cost of rent for the next tenant and the house will continue to gain value over the next few years and you'll still come out ahead.

[@yourfriendlyneighborhoodin1559]

Evolution was dismissed as a scientific possibility over 100 years ago. When we developed powerful microscopes and began to discover the majestic complexity inside of living cells, showing beyond any reasonable doubt that there is no such thing as simple life. Therefore, life started complex from the beginning. ...

[@yourfriendlyneighborhoodin1559]

Have you ever read the next 5 verse? John 3:16 16 “For God so loved the world, that he gave his only Son, that whoever believes in him should not perish but have eternal life. 17 For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. 18 Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God. 19 And this is the judgment: the light has come into the world, and people loved the darkness rather than the light because their works were evil. 20 For everyone who does wicked things hates the light and does not come to the light, lest his works should be exposed. 21 But whoever does what is true comes to the light, so that it may be clearly seen that his works have been carried out in God.”

[@patt8575]

Good thing this video came out after Cletus bought the Supra 😂😂😂

[@Dezeo]

They should have made the american flag be vents on the helmet, so you can get some circulation up there.

[@bill426worker5]

Hello Matt I am proud of you for making this video, your information can be very helpful to your subscribers and they should take your advice given your successes in life. I have the utmost respect for you and your entire family for this success that you have achieved. I hope that your subscribers take your advice to heart because you have a great record of success with your financial discipline. Just a short explanation of myself I am a retired construction worker living in Thailand just to spice things up but I have always been financially conservative and I am enjoying the benefits of financial discipline. I hope for the best for you and your family in the future.

[@FrnchBlly]

Right approach to explain compound interest rate in simple words!

[@steveward8724]

It's been a long time since we have heard from this Matt. I've missed him. Glad to hear from him again. Dave Ramsey needs to hire you. Thanks Matt.

[@vmijjg91]

I hope this finds its way to Matt. I run a K9 Heroes 4 Heroes small 501c3 whose mission is to provide Service Dogs to Veterans and First Responders. We could use help is spreading the word of our mission.

[@thatsfunny1231]

Needed to hear this 2 months ago lol just bought a new motorcycle 😢

[@dominickgomez994]

I worked at that house a few months ago and meet your dad it’s a nice house

[@801mikki]

This is a motto my husband & I have lived by our whole life. All our friends have mortgages & other debt. We’re living in our dream home mortgage free. Only bill we have is 1 car payment. Sound advice Matt!

[@skyhound4373]

I need more videos like this! Thank you for sharing your investment wisdom. It REALLY helps me structure my life better.

[@BamaJoeBob]

Great props to Dave Ramsey, I’ve followed him for years. Just an all around feel good video, great job Matt!

[@CLCIII]

Lowrider and Ranchstang PLEASE!

[@karendickman3208]

GREAT advice!! I'm a Dave Ramsey fan too. I was a loan officer and too many people have exorbitant debt all because they want it.

[@leadfarmer4113]

Crazy that I've been here watching you fix this house years ago now I'm here while you're selling it like 10 years later.

[@J20Jeepster]

Becky is in debt up to her eyeballs. Don't be like Becky. 😂

[@CLCIII]

Love This Video And Matt! SUPER GOOD choice with the market being as it currently is and with you having invested in the Desperado Ranch. You constantly impress me with your great attitude, hard work ethics and business acumen. As Always, May God Bless you and yours!

[@johngross8300]

Thank You Matt, knowing the GT will not happen!

[@Dare-A-Dactyl]

Just turn the resort in a campground just bulldozed everything you need to keep but you can that you can still rent out and then make the rest campgrounds for tents and RVs

[@shellydehart8217]

You’ve definitely done your homework. Smart move in selling your first house. Like you said it’s gonna be satisfying in the end. Very proud! ♥️😊👍👍🌟🌟👍

[@goldsilverandiamonds]

Raise the rent 250.00 a month and keep it. In another 12+ years it will be worth 700k. Crunch the numbers. Sell more products, market them better, build your sales. Rent rv spaces at the new property. Keep the property. It has family history.

[@Factively]

I NEED that motorcycle… okay.. maybe I don’t… the scooter is good enough. for now…..

[@maxzzzie]

One day you'll have that Ford GT, Red. Plus all 4 options. And you deserve it. That day is sooner than you can imagine. I've never had debt. And am not planning on going into debt anytime soon. And i just got a full time job.

[@leaveittojohn]

While Matt is correct in everything he is saying but for me I feel you are never promised tomorrow. My wife lost her daughter a couple years ago and made me think more about things. I would rather be happy and have things and do things now while I am living then waiting. I put it in perspective this way, I want a four wheeler now but if I wait say 10 to 20 years if I make it that long im going to be older. Now say i fall down my recoup time is alot worse the older I get. Also if I wait then what if something happens to me tomorrow then I wouldnt be able to experience it. Again this is how I do things and what works for me.

[@Maximusfoisey]

You should buy that house back in 10 years or so

[@cathymcglasson6947]

Glad to see EL Dorado back and your kitten is so adorable.

[@goodthiefphoto]

Such great advice! I wish I had this advice when I was younger and I hope a lot of younger people are listening to this.

[@drduandada4218]

Stop all plans on the resort ! The Demolitia wants a TEXAS theme park Matt ! With real guns to shoot to win teddy bears for the women! BUCKING BRONCOS TOO ! Stay with me now and BUMPER JET BOATS for the pond and shooting ranges with a possible driving range for the golfers and FREE BEER TOMORROW ALWAYS ! 😆 think about it and get back with me as I’ve got ALL the great ideas. Have your peeps contact my peeps