(INSIDE LOOK) How To Buy FORECLOSURES With $800

[@DeathByFashion1]

My dad found his home 20 years ago as a foreclosure. It had no damage and people had lived in it 6 months. Half acre horse property

[@milo-qh7cv]

wonder how much he payed for it

[@tripleg3769]

Keyword, 20 years ago

[@Messican_44]

interesting

[@user-jc9yz5xl9b]

paid

[@futurekron]

Almost ready to move forward on buying a foreclosure, so will be reaching out to you soon! Wading through the "how to's" for a first timer has been like fishing in the dark. Great info.

[@TheRealWayneTurner]

Look forward to hearing from you!

[@sinncier]

Might as well be advertising for that PAID subscription foreclosure website. Just pay $50 and get a full list from your city hall.

[@kimmerkt6710]

Is that in the prothonotary’s office? I didn’t know I could get a copy at the courthouse. I know you can look up liens

[@melissagualco2132]

Is it easier through the court house than real estate broker

[@3103Juan]

My mom did this. But her route was different. She went to her local realtor and asked for a local foreclosure list. Then she viewed them and got a nice property in winter park Florida. Got it for $47k in 2011. 2 bedroom and now with the stupid market the way it is. It’s worth $319k. She did have to redo the pool and put it up to code.

[@nathaniaonyeagoro3895]

Did the realtor charge

[@themadmillionaire]

Foreclosures are great! I just bought one for $62k market value $135 and after I clean it up will be $165 on the low end. It’s possible. 🙌🏿

[@TheRealWayneTurner]

Awesome!!

[@Shawnjames21]

Wow.. did you pay $62k cash or did you get a loan? I have trouble with the USDA website

[@mrprfct7069]

Apraisals are such a scam. I bought a foreclosure for $245k while every other comp within 5 miles was in the high $380s. The bank didn’t like the high appraisal so they hired another appraisal that needed to come in at $245k. This appraisal comped houses that were 20 miles away. Appraisals are scams. I refinanced that home a few years later and it was valued at over $500k. Used the cash out and bought another house. Btw. I still have that home. My parents live in it. If you want wealth you need to work for it. I have lost my job 3x in 20yrs but I keep growing.

[@themadmillionaire]

@@Shawnjames21 I have a home equity line on another home that I’m using.

[@LavaDesert]

But if these homes are steals, why are not investors and home buyers not sweeping them up by the second day?

[@empressmarie4027]

You gave good information for free. Thanks for the positivity and being straight forward 🙏

[@TheRealWayneTurner]

My pleasure!

[@concuelaabbey7097]

@@TheRealWayneTurnerI need your help please. Single mom trying to get a house. Please

[@miliana-oitanzo6272]

Wayne, Thank You more than ever. Before today, I lost hope. Because of you Wayne, you brought out the light, hope, and knowledge. Great job!

[@josephoberlander]

Nice information. Note that the reason this isn't as popular as you would think as "rural" really does mean that. That is, normal income requirements apply, so with 7% interest currently, you're effectively capped as an individual at about 65K a year for the program (more for a couple) in most states as it's designed for low income families. Which means about 1700-2000 a month, currently. Or about 200 for the home 250K or so for a couple, give or take. That's a decent home, but NOT in any metro area - even if you could be that close. Flipping it is hard, so investors/flippers/everyone else don't go for this as it's a headache. And they exclude based on cities and zip codes, so even a town of 15-20K is excluded. 20 minute drive to Peoria or a similar mid-sized city is as good as it gets. But, as Wayne said, if you just want a home and don't mind a commute, it's a snap, especially since the main issue is the down payment for 90% of working people.

[@StayHomeEatGreat]

Love this channel! As a minister, self employed, I appreciate your positive attitude and up to date info. New Subscriber!

[@OG_BeeRad]

Just a FYI: In SC, you wont be able to inspect the house. You will purchase it at an auction. They are held the first monday of the month in the county. The opening bid will be what is currently owed on the note plus cost. You can look at the foreclosure judment and see what it is. At the day of the auction, you will need 5% that is non refundable and you will need to have the rest plus interest within 20 days.

[@peggyjohnson1848]

I just looked on the foreclosure site and all I saw was houses 😅for sale at $364,000 in my area. I don’t see any houses where you can buy a house for appraisal fees or inspection fees

[@msme2400]

Your videos are the best use of time and offer most useful info I’d love a place in South Carolina, but I will settle for a place in Maine The prices here are inflated terrible since COVID

[@Michael-zz2pf]

Great video, the only thing i would add is for people to get an interest amortization tables book. That way you can easily see what your principal & interest payments are at a hands reach

[@sac621]

Hey Wayne!😮 WTF.? I followed the link to that foreclosure website you posted. It had some properties I was interested in. When I clicked the link it wanted me to sign up for their premium membership to see the photos and details. It upset me a little bit but considering how hard it is to find information on foreclosures, I was willing to pay for premium membership if it wasn't too much money. However, it wanted my credit card number before even telling me how much the premium membership costs. That it's a sign of a scammer! 😲☠️ You should not link people to scams!😡 I do enjoy watch your show, ❤ just be careful of putting your good name on anything without a disclaimer.

[@TheRealWayneTurner]

First of all, thank you for the feedback! I am certain that this is a legitimate company, I've used them in my business in the past. They provide information that you could potentially find on your own for free by searching public records, however, that can be very time consuming and, in my opinion, it's much more convenient and effective searching for this data in one location.

[@robertwagner8596]

@@TheRealWayneTurner well,how much is the membership?

[@josephoberlander]

​@@robertwagner8596 It looks like about $40 a month.

[@joancarrino890]

They're probably going to make you go on and find out for yourself ​@@robertwagner8596

[@cuntscious]

They're probably providing him a free membership in return for sharing their link; that's why I am inclined to believe he didn't know about that part? Regardless, prices should be posted.

[@TRAVIESO_NA]

I pay 23k in rent a year. And have been for 8 years, it’s 😢disgusting

[@jprincess0282]

Im with you im at 27k :(

[@msme2400]

I hope you can find a home to buy maybe a duplex?

[@HabahabaYerry]

How much was your loan?

[@Justin-ct8to]

wayneeeee! lets talk i have till January to get a home and foreclosure was the first thing that popped into my head i need a coach this will be my first house!

[@starvingsquirrel]

I've been doing Property Preservation for 7 years (Definitely about to get out of it) and I've only seen one in that nice of shape. It's a really nice HUD home right on a middle of the town lake that just went on market, but man they sure are rare to see, but if you're handy, I would think that could mean a better deal.

[@donapaulen8700]

I discovered that Credit Karma is NOT accurate FYI.

[@americasuntoldstory326]

This is a great video it gave me stronger faith in myself

[@tracyf33]

I love that you are honest and willing to share this information. Thank you sir, God bless you❤

[@MommaBearsCorner]

YEA! always do home inspection! know that from a friend who bought a home for only $50k. but omg, old owner lyed about its condition.

[@daphnejackson4348]

Aren't there's leins that you have to pay as well on homes like these?

[@inthevanwithalexa]

I’m 55 my credit score dropped like crazy in the 500s because husband and I separated my names on our house how can I buy a house with a house already in my name I work but don’t make a lot the debt to income ratio obviously doesn’t show I can pay for two homes I want to live in a new house with possibly a roommate eventually to help out so can be totally affordable for me can you tell me what I can do to get in a house of my own please 🙏 with just it being in my name? I don’t even know if I can take equity out of the house we own together because my credit scores so low and I’m semi retired 😑ugh I am going to have to to just be a realtor in Hollywood and sell a 20 million dollar home so I can buy myself a house no one ever helps out in these situations I’m a helper to all if I knew what to do I’d help EVERYONE because that’s who I am ♥️

[@MissAmazings]

No shade but you need to use punctuation. It's painful trying to read all this 🙃

[@bryanblanks1714]

Listen DIY Google 609 credit letters. All bad items on your credit report have to be removed with these letters. All three credit bureaus. Good luck and Good Credit! I see 700 750 soon!!!! After everything gets removed apply for Discover card first. Then American Express.

[@l3eaver]

What about when the property value decreases by 30% and interest rates double and/or may tripple. A couple of risks… whats the plan then? Legit question

[@TheRealWayneTurner]

You’re buying to hold not to sell in a year. Wealthy people own real estate because you get tax breaks and values go up over time. You have to do you though.

[@Sanabria925]

What about loans for disabled not a veteran and working. 30-35 thausand a year

[@lucybrenton149]

VA loans are 0% down. Most service members are eligible. I am a Homesteader and have been a mortgage lender since 1996, real estate investor since 2002. Let me know if you need help.

[@yooo2568]

@@lucybrenton149 I need help getting a usda loan.

[@ktvibez3531]

@@lucybrenton149I need help. Do u have a contact number

[@ktvibez3531]

I really am a consumer but I want to be more than that

[@TheRealWayneTurner]

VA loans are the best type of loan for a veteran. Most mortgage brokers will do these loans, but I would be happy to help connect you with someone. Just reach out to me at ContactWayne.com

[@Justice-cx1cd]

I’m happy for people buying foreclosures, but I didn’t have a good experience dealing with tenants .

[@TheSwanlake2009]

And it also depends on what neighborhood you in

[@miliana-oitanzo6272]

Wayne, Thank You more than ever. Before today, I lost hope. Because of you Wayne, you brought out the light, hope, and knowledge. Great job! 14:54

[@nevermind258]

Clean property is a good sign that more than likely it needs very few major repairs.

[@TheRealWayneTurner]

Clean is usually an indicator that it was maintained, but I still always recommend a home inspection.

[@josephoberlander]

Do take pictures of anything you see as odd and send them to the inspector. Most that you have worked with before will spot things/comment on them immediately to save you time and money, like cracked foundation. They would rather spend their time on a good property and avoid the 3 disasters as well, since it's easier for them and you are happy as a customer. Same with a realtor. They know the toad properties all too well.

[@bradbradshaw-i4n]

if the house is decent in a good area it will be bought by people who have money that know what they are doing. most foreclosures are not worth messing with.

[@raulmendez3211]

Can you buy a foreclosed home while owning a home? Id like to have one in a different state

[@yajamalu4u]

I want one in Lake county,. Florida Normal credit, ow credit cards and cars in my name. Can't pay $1000 a month in rent. Took the class for first time home buyer. Mostly is the job

[@josephoberlander]

Wait a year for the market to crash some more. Also, almost all of central and south Florida isn't considered "rural" for the program unless you are quite literally 30 minutes outside of town. Even in those areas, a tiny fixer home is 200K. In 3 years, those same homes will be selling for 125K.

[@clairedeluna3585]

Thank you as always for this valuable information.

[@TheRealWayneTurner]

My pleasure!

[@rosekanu40]

Ja its looks good! Please kindly let me know where is this Hause in the USA?thanks

[@reneeriley1953]

Thank you. I never got any further than paying $1. For detail. Pluse I still could not read any details I got nothing except 3 bills on my credit card. One was a duplicate.

[@TheRealWayneTurner]

What did you pay for?

[@Goggans]

Wayne what are your thoughts about NACCA homebuyer program?

[@findingdori442]

I’m so Blessed I found this channel 💛

[@zetnompainting]

Thanks Wayne for this information, keep up the great work.

[@TheRealWayneTurner]

Thanks, will do!

[@living4thekingdom170]

What about Georgia?

[@kellycregeen1393]

My first home was one.Had no issues but paint

[@tylerkauffman589]

Good content thanks for trying to save people money

[@deniseporch6645]

I know it would be expensive to rehab but it is in a great neighborhood that rents to college students

[@yajamalu4u]

Foreclosure ai t new. Some houses are in good condition. And otjers don't. You can fix it yourself or a loan from the bank.

[@stella74539]

Thanks you are a gift to the world ❤😂🎉😊

[@frankenz66]

Trouble is, the neighborhood may not be worth it for $800 for the risk. In some neighborhoods across the nation.

[@tracy419]

How is that trouble? You just don't make an offer in neighborhoods you don't think are worth it🤷 That's like saying the problem with buying a car is that some cars are located in wrecking yards. You don't have to look for cars in wrecking yards. Trouble averted.

[@frankenz66]

@@tracy419 "Trouble averted"=choices limited... to some folk is all.

[@tracy419]

@@frankenz66 The fact everything available isn't the right choice for everyone isn't trouble though.

[@frankenz66]

@@tracy419 While that is certainly true, it is a limit on choices.

[@TheRealWayneTurner]

This loan program is available in a vast range of areas, so you have options

[@grapechocolate5869]

Can u buy a forclosed home with cash money?? And if so. How?

[@sd-xo9dk]

Go to your county court steps on auction day.. Call them to find out date and time. Go a few times to get the feel. See how much security monies they want before bidding.. When you do find the property you want, make sure to do your research!! Could have liens or mold so many things. Even tenents. You can get a list at court house.

[@michaelmartello6202]

Hello wayne im on SSI. I get a monthly Direct deposit to my bank. Not alot $943 a month.. is it possible i can still get a place for the $800. I live in Portland Oregon.

[@YuggyAdventures]

Thank you for this honest and straight forward information!

[@sandralima3171]

So , can we get the rural area loan to buy a foreclosure? Thank you for the video

[@aquiconfeya]

Where are you? I am looking for a house to buy. Good, Cheap, and cash. I am selling my house right now. It's pending we should close the escrow on the 27th 2024.

[@amandabruney3835]

This sucks about the regulation requirements on income. For those of us that live on fixed income. We ,, especially me,,, can't get a loan to buy any kind of house.

[@caifrank7425]

I can buy , sir , tell me where where !!!!

[@hoaglandpersonal1630]

This is primary residence. How about investment properties?

[@josephoberlander]

There are ways around it, but it's not really designed for investments as the program has excluded every town and city and zip code where there's a bubble or any change for investment. These are rural properties 30 minutes our of town or in a tiny community of 500 people. Which won't give you a ROI like you'd want. One I saw said it expected rent to be a "solid return" at $700 a month. On an $860 a month total loan cost. lol. That's $200-$300 a month loss. None of these will make you rich in less than a decade.

[@j.f.5374]

So a down payment isn't always required?

[@Myrope]

Can you do this kind of thing for an out-of-state property as long as you meet the other criteria? Or do you have to have two years of work in the same city as you intend to buy foreclosed property?

[@TheRealWayneTurner]

To get a USDA loan it has to be your primary residence. If you have work lined up in your new state it just needs to be in the same industry/ line of work

[@tinamama6954]

Great vid Wayne 👌 I quess the answer to above question is that one can have a USDA loan and purchase the home but don't have to work in the same state of property residence to qualify! 😊

[@Myrope]

Thank you both for your answers! That's very helpful to know

[@PokeTaylor5]

So a USDA loan for the home buying loan

[@alphiaanderson481]

How about this, is it possible to pay all cash on the house instead of going through the bank?

[@dropateepersad3718]

Where can I get foreclosure to buy

[@BenitoEstigoy]

SIR, HOW TO AVAIL COULD YOU PLEASE HELP ME FIND AND HOW BLESS YOUR HEART ❤️ HALLELUJAH AMEN

[@G-3-A-R-Z]

What is your best advise, if you want to move from state to state while buying a house? Montana???

[@TheRealWayneTurner]

As long as you have a job waiting for you in your new state that is in the same line of work that you've been in you can get a loan. If you need help connecting with someone who can help reach out to me at ContactWayne.com

[@dqkneely9803]

i genuinely want to do this. more than enough to do this if only i could get in touch with your team....

[@lovely-mk4rt]

I just love your channel! I learned a lot.

[@TheRealWayneTurner]

I appreciate that! Thank you!

[@sweetguava1]

Thank you, great information.

[@my2cents49]

Our agent said your credit has to be great and these houses get bought up crazy fast by cash buyers.

[@TheRealWayneTurner]

Not true. You need about a 620 credit score and there are ways to search for these home before they even get listed and some banks will open up bidding only to owner-occupants for the first 15 days.

[@julianawellman2235]

I’m a Realtor here on the Northshore, anybody that wants / needs help with finding properties etc I will help you.

[@officialsouthsoul5223]

What about those who don’t have a credit score due to never borrowing but have the other 2? Can you do manual overwriting for this situation?

[@bibianamey4272]

That's not an unfortunate person. You built that credit score brick by brick.bfr😅

[@glenn1122]

what about the leans on the homes

[@josephoberlander]

Shop carefully. There is a reason people are leaving the property. In a best case scenario, they are upside-down on the loan and that's it. But that's rare.

[@jerseycowboy1]

Is there a website you can bid on them and get preapproved for a loan at the same time?

[@nanazurdia1452]

Wish you were a realtor in Canada.

[@rezamlontok5206]

I’m investing from Cavite Silang , Luzon Philippines

[@ramyramy3150]

Okay please ! Sir do you have a house for $3000. dollars ?

[@davec2020]

Good luck with where i live in the state of Massachusetts

[@TheRealWayneTurner]

Massachusetts has the highest cost of living in the country, but you can still find good deals in all 50 states

[@davec2020]

@TheRealWayneTurner Ty for that info but since we last talked I still have had no luck. Any suggestions would be greatly appreciated

[@jofrick4652]

Would you be able to use that loan for an investment property that you would like to turn around down the road and make a profit off of?

[@TheRealWayneTurner]

You are required to occupy the property as your primary residence for 1 year. After that you could rent it.

[@TheFeist77]

it said that I had to sign up for a paid subscription before I could find out more.

[@davidceron8660]

Please show me the HUD 1 document that shows exactly the expenses that you incurred when you purchased a property so that I could verify the information presented here as well as the addresses of the properties that you have purchased with $ 800 or no.monry out of pocket. There're a lot of gurus that claim that they acquired and owned a lot of real estate when, in fact, the only thing they are trying to do is sell their books, seminars, or are just bird dogs. Thus, I'll wait for your answer so that it can be verified.

[@TheRealWayneTurner]

I'm not a bird dog or "guru". The USDA rural development loan that I refer to in this video is legitimate. You can verify this information with any mortgage broker in your area.

[@anthonyesparsen7776]

Well the simple answer to that is why would people doc next you how to get good property at good prices ,when they can get it themselves ok!

[@relaxingvibes5021]

Can canadian residents purchase using this kind of loan? I used to live and work in the USA, but now moved to canada

[@thewayoftruth-candyjoylynn7163]

Pray for us our family really needs a house. We don't have credit. God bless!

[@amaliacoria3063]

It goes to the highest bider if their are others interested in the same property, also most of those foreclosure have a high tax bill on them.

[@elgardpaul9064]

Can I still use the USDA loans if I already have a primary home?

[@sterlingmckinney4048]

I'm at 679 credit score

[@Jeannette-ei9xd]

Do you have anything for non-tax payers?

[@TheKingsDaughters11]

Thanks for the info again🎉

[@shanajohnson3965]

With USDA you can’t already own a home and want to keep that one and relocate to a different state.

[@deniseporch6645]

There is a house that has been empty for 14 years I have watch the roof leaked so I know there is over size damage in side due to leaking roof but if it has been remolded it could be very profitable if in vesting and selling to a college university please advise

[@jamesamous5854]

What do you mean your monthly payment will be 2200$ on the house? I thought you outright bought and paid it off for $800? Are you talking about 2100$ profit if you rent it out to someone else?

[@shelly8332]

Can you get a usda loan while receiving Disability

[@blancazamora5937]

Can you help me buy my home with the same results that you have? I’ve never had a home to call my own. I want it so bad. I can see it from far away, but I can’t grasp it. Please help

[@servicenowapp3171]

Hi can you find one for me or it's just for videos purposes

[@deniseporch6645]

Definitely interested in foreclosure homes

[@tonyastokley5165]

My daughter is approved up to 250 on a usda loan and i know we are in Kentucky but she didn’t know so she already went through this so can you please help us ?

[@teddyhernandez7259]

Ok but were do you buy the home

[@mistykirby8744]

What about USDA grants

[@davidgrenis638]

YOU NEVER MENTIONED BUYING PROPERTY FOR BACK TAXES DAVID ADAM GRENIS CURRENTLY IN HOUSTON TEXAS

[@Diamondusa7]

Went to the website and found out the prices are the same as non foreclosure.

[@shortstack58]

I thought with foreclosures you only had to pay the foreclosure price and not the full price of the home.

[@loryp.c.9388]

How can you help me not loose my house to foreclosure I'm a single mom 4months late mortgage 🙏 from Texas

[@nyah696]

Apply for mortgage assistance through your mortgage provider. If you’re going through a hardship you can let them know and they will provide you with different options to avoid foreclosure.

[@dawnnuday2261]

Will banks ask for cash on foreclosures?

[@Tennesseemomtho]

My husband and I bought a home in 2020 through a USDA loan. It was not a foreclosure. With a USDA loan you have to live in the home that you buy. It is not for investors.

[@theresasmith1]

I have trouble finding sites within Canada