13 Affordable Home Lies!…NEVER Buy A Cheap House Without Knowing This!

[@JerryPinkas]

Here are the 2 Videos I Talked About: 1. Absolutely NEVER Buy This Type Of Home - kzbin.info/www/bejne/oabMZ31spKd8ipY 2. What You MUST KNOW Before Buying Land and Building A House -kzbin.info/www/bejne/mKusgqlriMlpl9E

[@QuiseOnPolitics]

I’m just a regular person lol but to watch the growth of your channel and you is crazy. Your video style have evolved, your comfortability is high, and the information is trustworthy! Great channel!

[@JerryPinkas]

@@QuiseOnPolitics Thank you! I appreciate your comment. Thanks for watching. Glad you are enjoying these helpful videos! See you in the next one!

[@greenspiraldragon]

Check the gas station next door has their tanks ever leaked?

[@catholic3dod790]

Jerry Pinkas, Thank you for let us know and understand.🔍👍 I hit your subscribe. 👍

[@csvscs]

I think I got a deal of the decade here in Charleston. I'd be interested in your opinion on it.

[@ChristopherAbelman]

I built a house during the recession, it turned out to be the best time to build a house as I built a house for $75k that appraised for $130k when it was finished. I then paid the house off in full 4 years later. I didn't have the cash to build a house when I did, now my house appraises for $230k. I am anti-debt too, but sometimes biting the bullet and getting a mortgage is the right thing to do.

[@bartlyAD]

Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@PennyBergeron-os4ch]

You are right! I've diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@HildaBennet]

Impressive can you share more info?

[@PennyBergeron-os4ch]

Rebecca Noblett Roberts is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@HildaBennet]

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon

[@GUITARTIME2024]

Number 14: Who are your neighbors.

[@JerryPinkas]

Thanks for watching and sharing!

[@scottrogers2831]

Biggest one yet!

[@Matthew_Loutner]

All of my neighbors are dead. I live across the street from a cemetary. ⚰⚰⚰

[@JerryPinkas]

@@Matthew_Loutner Thanks for sharing

[@Chris-lc4bo]

Yes, very important, my husband and I were looking at a home. A very nice lady started talking to us over the fence. As we were chatting, her little dog came yapping out (like more dogs). As we drove away, my husband who does not care for dogs, said let's cross that house off our list, nice lady but her dog is to talkative.

[@peagames2002]

This is actually quite practical list to keep my eye on. I have had to deal with mold issues since I was a child and living with parents. Knowing these tricks may be vital to make sure there are no costly issues that could end up from my wallet instead of the previous owner, aside bad side effects that could affect the residents.

[@JerryPinkas]

Thanks for watching and sharing your story with others. Thanks for taking the time to comment

[@ThuyNguyen-ec1rb]

Thank you so much Jerry ,i always think of the house like the vehicle ,when it's old it has problem ,new house and old house very much the same

[@JerryPinkas]

You are welcome. I’m glad that you enjoyed this helpful video and thank you for taking the time to watch it and comment here on this channel. See you in the next one.

[@tjpit]

We bought a house sight unseen because we couldn’t find a house before it was sold. Wish we had seen it. Long story short and thousand of dollars later. DO NOT USE YOUR REALTOR’S INSPECTORS. Our hid the foundation damage later saying it couldn’t be seen. That was a FN lie. Crack in the wall crack across tile inside the house. Outlets set at 5 feet high the whole thing is an expensive mess. 🤬🤬🤬

[@gordonharris7020]

Myrtle Beach in one of the areas that we are considering relocating too. 😀

[@JerryPinkas]

Whenever you are ready, my team looks forward to showing you the best option for what you are looking for. We have a lot of super helpful info, to share, Just give us a call at 843-839-9870.

[@s.j.7184]

Me too 🙂

[@Slo-ryde]

Other thing to consider is if the property is on or close to federally designated wet land or flood zones

[@JerryPinkas]

Very good point. Thanks for taking the time to watch and comment.

[@sarattasavage5089]

Great Information, my coworker is going through a foundation problem with her place now.

[@JerryPinkas]

Glad it was helpful! Thanks for taking the time to watch and comment. Hopefully your coworker can get that foundation problem situated.

[@keithtauber4153]

In all fairness to #2, they don't kick you out of the house. They buy you out of it. lol. You still have to leave in the end, but at least you get money for it.

[@Lakota828]

They don't pay what it's really worth though. I remember having to deal with eminent domain on one house, and it was a constant struggle to avoid it. We managed to keep delaying it until we moved. Still, it's frustrating the amount they offer knowing full well that it won't pay for another house.

[@tonytrott6318]

the number people who have no idea that many of these cheap homes were used as a meth lab is huge. What they dont realise is that it costs 250,000 plus US dollars to make the site habitable because you have to demolish the property and remove soil and have it all disposed of as hazardous waste at huge costs

[@JerryPinkas]

Thanks for watching and sharing and taking the time to comment

[@mb-3faze]

Rule #1 : never buy property in an HOA

[@ASMRKay_]

Where are you finding any cheap houses in this market?

[@ihave35cents95]

There's tons of them

[@fashion4everlove]

Such an informative video!

[@JerryPinkas]

So glad you enjoyed this helpful video. I truly appreciate you taking the time to watch and to comment here on this channel and I’ll see you in the next one.

[@kevinsono]

Man you have to know about all this so you don't get messed over! Is there an easier way to deal with these issue?

[@JerryPinkas]

Yes, there is! When you’re shopping, make sure you have an expert advisor. Who does this every day to help you avoid the pitfalls are costly. Thanks for watching and commenting.

[@Hummingbirds2023]

Yes bad neighbors can make your life a living hell! I speak from experience.

[@MrGuitarman1945]

We have been in our home for five years but had we been able to focus on the neighborhood a little, we would not have bought here. We bought because it could withstand hurricane winds up to 175 mph and needing to be near our children. About 600 homes have been built here since we came. They were built with toothpicks (it looked like.)

[@ranep548]

For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.

[@sophia253]

Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@vapeking466]

Affordable housing ended when Covid hit.

[@ginarogoto3842]

@@sophia253 America is turning into a rental market. Very sad.

[@katie195]

@@ginarogoto3842 like China.

[@iamasmurf1122]

why are a lot of you under a belief that people all need mortgages to buy houses , also finding renting more expensive than buying you make zero sense .

[@FORTRAN4ever]

Add one more item to your list: TALK TO THE NEIGHBORS! When we was considering a house to buy, it seemed like a real bargain. Something did not seem right so the realtor suggested that we talk to the neighbors. One elderly gentleman we encountered, upon asking about the house told us it was in a flood plain. It had a walkout basement and behind the property line was a spring which flooded some years ago after a torrential rain storm. No wonder the basement never got finished. Told my realtor and he got the FEMA report and sure enough it was in a flood plain. We walked away from a deal.

[@JerryPinkas]

Thanks for watching and sharing your story

[@levans3447]

Your realtor should have done that for you .

[@paulorr9262]

Great advice.

[@FORTRAN4ever]

@@Wisdom-Nuggets-Tid-Bits Only a few houses were on the flood plain and that was because the back of the homes were on a lower elevation and that is why they had a walkout basement.

[@FORTRAN4ever]

The realtor had lived in the area and was shocked when I told him about the house being on a flood plain. He ate the coast of the FEMA report.

[@tonydugal5275]

This was one of the finest presentations on pitfalls of real estate purchase I’ve ever seen. It should be required viewing for any home buyer. Great work!

[@emilyfeagin2673]

A good real estate , that knows the area can be invaluable

[@christopherhobb7702]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[@lasvegasluca9509]

Assets that can make you rich Cry-pto Stocks Real estate

[@mirabellelia9996]

​@@lasvegasluca9509You're right, it's obvious a lot of people remain poor due to ignorance

[@leahmolly9150]

Last year I was working full time budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learn how to make money online. Now I'm a SAHM, homeschooling and making profits every week.

[@madiezancanellatl9205]

I'm looking for something to venture into on a short term basis, I have about few hundreds sitting in my savings

[@madiezancanellatl9205]

​@@samanthadonaldson2246thank you for sharing

[@stoneagedjp]

This video could also a guide to maintenance you should keep up on if you own the house.

[@JerryPinkas]

That is true! Thanks for watching and commenting. I appreciate your comment.

[@dgoins6]

I thought it was crazy to spend $500+ on a whole house inspection. House looked good to me. A very good friend from high school (real estate guy) said spend it or you could really sorry. I took his advice. Wow! $40000+ just to fix the electrical and plumbing. Just to bring it up to code. Yikes! Dodged a bullet

[@JerryPinkas]

Good move! Thanks for sharing your story with other, so they know it does happen. And thanks for taking the time to watch.

[@paulvlietstra2493]

For sale by owner, no pictures of the inside of the house a red flag. I learned to call the county recorder. Number 11 on your video is priority for me. Thank you for information, it is priceless.

[@JerryPinkas]

You are so welcome. And I truly appreciate you watching these helpful videos here on this channel. So glad you are enjoying them!

[@xyz987123abc]

What does calling the county property (assessor?) Do? What info do they have?

[@shawnirwin6633]

@@xyz987123abc Here are some possible reasons behind this advice: Condition of the Property: If there are no interior photos, it might mean the inside of the house is in poor condition, which the seller doesn't want to disclose. Legal or Ownership Issues: The person could be advising to call the county recorder to check for any legal issues, such as: Property liens or unpaid taxes. Discrepancies in ownership or recent transfers of title. Ongoing legal disputes related to the property. Seller's Motivation: The lack of transparency could indicate that the seller may not be acting in good faith or is trying to avoid revealing something important. By contacting the county recorder, the buyer can access public records about the house's legal status and ensure there are no hidden problems, such as foreclosures, lawsuits, or encumbrances that could affect the sale.

[@VroodenTheGreat]

Rule of thumb: If it was THAT great of a deal, someone would have already bought it.

[@JerryPinkas]

The deal of the decade happens about one a week. You just need to be the one getting the deal. Thanks for watching and commenting

[@thievingpanda]

If possible before buying, take your shoes and socks off and walk around the kitchen. If you feel warm spots in the tile/vinyl flooring, there is a leaking pipe in the foundation.

[@JerryPinkas]

You’re right that could be a very good one. Thank you for watching and sharing.

[@stickyfox]

If I ever see a cheap house again in my life I'll be sure to keep this in mind! :D

[@JerryPinkas]

The cheap is seldom good and the good is seldom cheap. Thanks for watching and sharing

[@cliffontheroad]

@@JerryPinkas Repairs. You want it done quick, cheap, and right. Pick two cause you are NOT going to get all three.

[@MisterMikeTexas]

​@@JerryPinkas In other words, good, and cheap are your interests. Pick one of the above.

[@rainacherienne1010]

😂😂😂

[@SpynCycle57]

Every buyer needs to understand there are two types of Title Insurance. Lenders title insurance and Buyers Title Insurance. If a problem arises Lenders insurance pays off only the remaining balance owed on the mortgage, Owners Insurance repays the original purchase price. Buy a $300,000 home with $50,000 down and a $250,000 loan. Years later a problem arises, title insurance will pay off the balance of the loan and the buyer loses their $50,000 down payment and whatever principal has been paid on the loan. Owners insurance pays $300,000. You lose out on any increase in home value, but at least you get your original amount back.

[@JoeR203]

I found a decent home listed in the Sumter, SC area. It checked all the boxes. Except it was close to Shaw Air Force Base. I was thinking I could get used to the jet noises, but then I found out the neighborhood is having contaminated water issues due to years of firefighting foam seeping into the ground.

[@JerryPinkas]

Sounds like you did you were due diligence correctly. Thanks for sharing and watching.

[@keithbellair9508]

Just get a whole house water filter system… that the loser military for you

[@murphman7448]

It’s the old saying.. If you think an education is expensive, try ignorance.

[@beck1710]

Most educated people today are ignorant. Knowing nothing but what they studied. Sounds like a great way to start life. Let’s go 50,000 in debt to get a job that pays me 50,000 a year lol

[@CoCo-yv3hl]

I feel the same with expensive homes… my parents just purchased one for over $500,000 in a gated neighborhood. They went inside another home being built & someone’s loser kids had broken in & were smoking weed. They are lucky the home sale assistant didn’t call the cops. Neighbor problems My sister in law purchased $300k+ new build her foundation is sinking & windows sealant area has an opening. I grew up on the gulf coast plenty of homes on stilts, they did this because of hurricanes. We never had flooding for regular rains. You can verify if you’re on a floodplain. It’s the horrible builders & bad locations. No home will be 100% perfect. You will have some type of issues. Do your research always know what you are getting into❤

[@JerryPinkas]

Thanks for watching and sharing

[@CoCo-yv3hl]

@@Wisdom-Nuggets-Tid-Bits lol sometimes I find it amazing the stuff I didn’t know. Videos like this are informative ❤️

[@CoCo-yv3hl]

@@JerryPinkas great video. I’m trying to buy land or a cheap home that won’t end with a big price tag. Some of the things you mentioned in this video is why I opted not to purchase in Macon, GA. Some of those homes are super cheap with little info.

[@JOA_Trades_]

There are such thing at a 100% perfect home if you building it new with a knowledgeable custom builder. Not your big briefcase builders who are using the cheapest laborers and materials.

[@JerryPinkas]

@@CoCo-yv3hl Thanks for watching. Glad you enjoyed this helpful video! I did a video about that you may find interesting! What You MUST KNOW Before Buying Land and Building A House 2023 - kzbin.info/www/bejne/mKusgqlriMlpl9E

[@agalie7139]

In France we have a mandatory real estate Diagnostic where everything is checked and notified : flood and risque zoning , presence of termites, mold , noise, presence of lead , asbestos , electric installation diagnostic, energy /insulation criteria . Also a urban planning certificate can be demanded by the buyer ( the notary will demand it in many cases) to verify that everything is ok with the house or if a future urban project is underway. Also if the buyer finds hidden problems , depending if the previous owner was knowing or not, 2-5 years after , a transaction can be nullified. I bought my house very cheap because of various problems and I had to sign an acceptance agreement. The law is very protective with the buyers.

[@JerryPinkas]

Thanks for watching and sharing

[@rodclark669]

I live in Tampa. I went looking for another house way back in 1990 and it took me until 1999 until I could find the right house. I went out almost every weekend and every house I looked at had a major problem. So ,Jerry, you are sooooo right about being careful about this stuff. Now my house is mortgage free and they will have to carry me out of here on a gurney...dead!!!

[@Subh8081]

If have a shorter list: 1) Get building and pest inspection. 2) Try to know neighbours and the neighbourhood. 3) Google the house and neighbouhood for crime reports, flood etc. Check flood map and elevation/distance from creek or rivers.

[@rainacherienne1010]

That’s exactly what I do.

[@joseCalderon1976]

All good pointers. Whatever you do, have yourself a good real estate agent and an INSPECTION! Even if it's brand new or being built from the ground up. I had my new house inspected while it was being built before the drywalling was put up. My inspector gave a laundry list of things that were off. It helped him catch things. Win win situation.

[@101perspective]

Yeah, these days you DEFINITELY want a home inspection if the place is new. And make sure they are looking at more than just the house. I knew one guy that had a house built and there were a few issues inside but the major problem was that they didn't properly do the driveway. Thankfully it was pretty obvious and discovered right away. The whole driveway btw had to be ripped up and replaced. Similarly, I knew another guy where they didn't do the landscaping in the back yard properly and it all stared to wash away. Not sure if an inspection would have normally found that though.

[@erikaarnold4780]

In Las Vegas, the entire north side has problems with foundations cracking. It used to be a landfill, and the land was very cheap. Builders moved in and prepared the land to build, but they failed to pack the soil properly. As a result I saw peoples’ homes that had a crack from one end of the home to the other. In some cases, sunlight came through. Some were lucky and builders repaired the homes initially without much cost to the owners. A majority of others were left holding the bag. They had to choose between paying tens of thousands of dollars for the repair (if repair was even possible), or trying to sell a home that was actively sinking into the ground. I was disgusted to see how many communities they continued to build and sell, KNOWING that this problem with the land had never been rectified at large. Sadly, North Las Vegas is known for being home to many “minorities”, lower income families, etc. So, naturally, they figured nobody would be able to hold them accountable. Real estate is full of vultures, and they take advantage of folks and their desire to own their own piece of the “dream”. And if there is an HOA, you must sign their CCNR “acknowledging “ that you waive your right to take them to court for any reason. You are instead forced to enter into mediation, which usually results in zero resolution for the homeowner. For such a huge investment, it is worth it to do the research not just on a specific property, but the entire area. I would even say to look into the history of an area. There are places I would never feel safe…not because of crime or traffic, but because of the “culture” of certain areas that can be incipiently dangerous for marginalized people of certain races, religions, lifestyles, etc. Due diligence is the first line of defense against greedy bottom feeders that are home builders. 🧘🏾‍♀️💆🏾‍♀️💅🏾✊🏾

[@joseCalderon1976]

@@101perspective Absolutely. I even researched for a long time the ground where my house would be built. And I avoided areas where houses (even new ones) had known foundation problems due to too much clay in the area. There was a community of new houses where the clay was so bad, some houses were being torn in half! And I'm talking about brand new homes. It's tiring to do all that research and ask questions all over the place to locals and professionals, and to drive around all over the city (San Antonio in 2012), to look at the crime map, drive at night through the area to make sure that's where you want to live. Plus researching the school district. We did all that! And we came out with the best decision for us due to all that ground work. It's worth it! Location location location is the keyword when buying real estate.

[@101perspective]

@@joseCalderon1976 Yeah, every house I've bought took me 30 days of looking for the right one. And that is about all I did all day every day. Usually one day of me researching various houses online and driving around and the next day going out with the realtor to the 1 or 2 houses that made the cut. Rinse and repeat. Btw, another thing to look for is whether neighbors have a radon mitigation system... they are pretty obvious usually. If radon is a concern... personally I think the data on it isn't that convincing. I would be more concerned though if I was younger or planned to raise kids in the house.

[@hiflyer000]

Also, find out if the seller already performed an inspection on their own. Even if you have your own inspector come in it will only count as informational, and the first inspection will be the legal one of record. This means if you find something that the first inspector didn't flag you cannot use it as a contingency to back out of an offer. States may vary on this but the state I live in operates this way.

[@gjm5591]

Very helpful. I never thought of half of the situations you mentioned… Thanks for making these videos.

[@JerryPinkas]

You are welcome. I am so glad you are enjoying these videos. Thanks for commenting

[@MadeNCda]

Great video, Jerry. You touched upon this, but I would say to all buyers: trust your instincts. Sellers who have something to hide will use diversions to deflect your attn. This applies to every product, not just houses. When I was married, my ex and I were buying a 2nd car. We found a Cadillac Eldorado (this was back in the early 90s), and the seller was so warm and jovial - invited us in to his home. We test drove car and after he surprisingly invited us in for a drink - we thought he was just the coolest dude. Anyway, fast forward a few weeks, and the engine seized 🤣 What a lemon and no wonder the seller was so charming. I learned a good lesson w that experience. Watch the behavior of sellers.

[@JerryPinkas]

Thanks for sharing your story with others! It’s a very good one to remember. And you’re so right trust your instincts. Thanks for taking the time to watch and to comment. See you in the next video.

[@thurmanshackelford5794]

Very informative and I'm not trying to be "negative nancy". However, everything you said when you pay for your home inspection ( which is mandatory from the bank that's giving you the loan) don't they check all that stuff???

[@UkrainianBoutique]

*Never received so much useful info in 9 minutes in my entire life!!!*

[@JerryPinkas]

So glad you enjoyed this helpful video. Thanks for taking the time to watch and to comment.

[@robertmiranda2444]

Always look at home on a weekend, lots of things happen on weekends that you don't see during the week. Personally id never by a homebuilt on a old landfill, sooner or later the foundation will settle and not evenly.

[@petebusch9069]

As a home inspector I hate seeing the light in the buyers eyes go out as I explain all the problems I find with these type of houses. The "good deals" always have a major fix needed that nobody want's to deal with. A good realtor will figure that out prior to hiring a home inspector to tell them the obvious.

[@keithbellair9508]

Lol the scam is you are supposed to say its great and then the Realtor pays you double your fee.

[@petebusch9069]

@@keithbellair9508 Show me an example of that happening?

[@MM-ig2zq]

A hidden gem is those crappy neighbors. That nobody will disclose.

[@JerryPinkas]

Thanks for watching and sharing your story

[@pinschrunner]

In Florida, the termite inspectors and home inspectors have zero liability for missing things. Mine termite inspector told me 1. No evidence of termites 2. No evidence of past termite infestation or treatment. Had all three. I now have 2 termite detection dogs.

[@M_SC]

Florida is a lawless state

[@AedraFineArts]

When I was shopping for homes before I bought my house, I stumbled upon a cheap home. It turned out the owner lied about having a new roof installed on the home, the inspector said the roof was 15 years old after a close and thorough examination. On top of that, it had a history of flooding even though it wasn't in a flood zone. None of that was disclosed. I walked away.

[@keithbellair9508]

Hhaha yeah it had a newer roof that was newer than the house…

[@williamterry9819]

Excellent video, and yeah, check out your neighbors! Also, if you hire a home inspector (good), make sure you understand the limits of their inspection. What problems can you still have that the inspector will probably not find. People frequently feel the inspector will find ANY problem when in fact, their scope is fairly limited. Don’t sign anything at closing you cannot accurately and fully explain to someone else.

[@617michel]

BTW: parents cottage in New Hampshirite was left unused for two years after my father’s death, during those two years mildew grew on walls and floors throughout, where ever pictures hung and furniture sat, It was a huge mess requiring a thorough renovation. Never mind what would have happened to the house if it were in Florida.

[@JerryPinkas]

Oh Wow! Thanks for watching and sharing your story to let others know about about what happens to a house when it is left unused. Your right if that house was located in FL it would be completely destroyed.

[@MyMomentWithMonique]

Please provide me your contact information I’m looking and ready to buy. I love your videos and want to do business with you

[@jetjet642]

There should be rules regarding house flippers for greed ! Homeless people should have the rights 1st rather than mr money man making investments. Someone like me has no chance! Every house I wanted since April, that im approved for, ends up pending, under contract or something else. I lost 3, I guess some people needs 2 or 3 houses and has the cash to offer seller more than what I qualify for! Bragging about their Lamborghini! Canada owns many homes in our country! Something needs too be done. This is causing homelessness w all these disasters ! Let the homeless elderly have 1st chance, not the guy who can come behind you and offer seller cash plus some!!! Help. This is killing me

[@jetjet642]

And I’m born and raised in the USA, and single woman full retirement age can’t meet my dream! Hurricane took everything that I had. The sad thing is I will have too move away from my grandkids because of this hot mess. I sir hope you are a man of your words! Calling you 1st thing tomorrow! Thanks for video! I may sleep a lil better tonight! Your a good man! Blessed

[@JerryPinkas]

@@jetjet642 Thanks for watching and sharing your story. You are not alone, considering the number of people who have had they same experience as yours. Looking forward to seeing what my real estate team can do to help. Hope you have a great weekend.

[@DogWalkerBill]

I found out about hospitals! I moved from Staten Island NYC to Eastern PA. A couple of the places I looked were really out in the woods. Like 45 minutes to the nearest hospital! I am 74 and have heart issues, so that was unacceptable. I am now renting a house in Honesdale PA, a very small town, but it has Wayne Memorial Hospital in the town. While moving, my smallest cat bit me on the knuckle of my left index finger. I was busy moving. I washed it. Dumped some alcohol on it and ignored it. A few days later my hand was swollen, hurting and looking bad. I ending up spending 5 days on IV antibiotics at Wayne Memorial Hospital. And another week at home recovering on oral antibiotics. I am so glad I picked a small town with a good hospital near by! (And yes, Wayne Memorial Hospital is a good hospital!)

[@woofer13]

Your advice is almost perfect. From my own experience though, I'd say that it's important to check out the people who will be your neighbors. It was only after we moved to our new house, that we found out that a child molester lived directly across the street from us, and right next door was a criminal who was in and out of jail almost his entire life, and another guy who was a raging alcoholic who peed in his jeans constantly and hung his jeans out to dry on a clothes line without washing them first. During the summers there were many times that our children couldn't play out in the yard- the smell was that bad. Unfortunately, when my husband and I were looking for a home to buy, the houses and yards in the vicinity all looked fine and dandy. If only we had done an inspection on the people we'd be living next to!

[@JerryPinkas]

Thank you for taking the time to watch and comment. I’m glad you enjoyed this helpful video.

[@rainacherienne1010]

😂 I’ve done background check on all the potential neighbors, turned out EACH had some criminal record. Even the sweet old lady across the street had a 100k fraud on her record 😂 I passed on several houses, I think I need to stop doing these checks because otherwise I’ll never buy!

[@woofer13]

@@rainacherienne1010 YIKES! Well, I think you were wise to do those checks. The people I mentioned have all moved, but it took years of suffering before they finally did.

[@rainacherienne1010]

@@woofer13 Totally understand, glad you’re fine now, I’m looking to buy because I have neighbors now where I’m renting and having neighbors means pretty much always some issue. Of all the options I’d be more than happy if the house neighbored with cemetery, church or something like that vs. neighbors.

[@woofer13]

@@rainacherienne1010 I don't mind having neighbors at all now. I've lived in a bunch of states and never had a problem before. It was just bad luck when we bought the house. If we ever move again though, I would definitely check out who my neighbors would be. Just don't get an HOA home. Good luck!

[@jacobm1001]

Great tips sir ! Most real estate agents are all about their commission. Not all but most. Buyer beware. Buying a home is a gamble.

[@JerryPinkas]

Thank you so much truly appreciate you saying that because I get a lot of people bashing because of my profession I’m just trying to help others to avoid the pit falls are costly. And I’ll see you in the next video.

[@junbug1love]

True

[@amel2784]

RE: termites. We learned the hard way. Termites live in hot arid climates as well as hot humid climates. Things to look for when looking for termite damage; 1.Small holes in the sheet rock, especially the ceiling. Lookup. Look all around at the ceilings and the walls. Termites love to eat the paper backing on sheet rock, leaving the chalky part to crumble on its own due to lack of structure. This shows up in the ceiling particularly well due to gravity causes the chalky material to fall when the paper is gone. 2. Termite tunnels -- look at all structures, including small outdoor structures like sheds, stand-alone garages, outbuildings. If you have termites in one structure, there will be termites in all of the structure if not now, eventually. 3. Funny looking lumpy walls on the front side (or viewing side) of both sheet rock and paneled walls. When termites eat the back side of either sheet rock or wood paneling on a wall, they leave a funny lumpy appearance on the front of the surface. My parent's house had a very tall, 20' wall in a room with a cathedral ceiling. One day, while sitting at their house and looking at nothing and gazing towards the wall, I noticed an odd texture to the paneling on the wall. The room didn't have much exterior light but the little light coming in at that time of day highlighted the problem. Upon closer inspection, the entire 20' wall had been chewed on the back side. Paneling and sheet rock had to be replaced and whole house receive termite treatment.

[@lisabaltzer4190]

I want to live near a cookie or bread factory. I remember being in a neighborhood by a Keebler cookie factory and the smell was amazing.

[@normabreazile5500]

Did you live in a tree? 😀

[@joecummings1260]

I lived about 2 miles from a Nabisco plant. About once a week when the wind was right at night all you could smell was cookies

[@lisabaltzer4190]

@@normabreazile5500 I used to have a treehouse on Lake Coeur d’Alene 😃.

[@94mandydallas]

I used to live near the Neco Waffer factory and they would put a big brass bucket of the busted wafers out front and you would just dip your hand in. Now that I think of it. That sounds pretty gross now.

[@bsintzel]

By far the best video I've seen on KZbin. This is stuff you can take to the bank. Even though I live in Canada, much of what you talk about is just as applicable here. What's really interesting is the feedback you're getting. The experiences and advice your followers submit are invaluable and contribute greatly to your content. In addition to watching your videos, I make it a habit to read all the really informative comments. The knowledge I've gained is indispensable and certainly isn't taught anywhere else in such a concise and professional way. Your videos deliver a very important public service, so please keep up the good work.

[@rafaelgonzalez4175]

If you don't buy a cheap house how do you claim the equity? Buy cheap hold then sell for max profit. Isn't that how this world got so inflated.

[@Matthew_Loutner]

My house is situated on a county road. The house is inside city limits. The backyard is in the county. When I call to arrange for garbage pick up, the city says to call the county and the county says to call the city. The city police refuse to serve any of the houses on the South side of the road, saying that the county road is the dividing line and the houses on the South side are not within city limits. And when I tell them that the city limit line runs through my back yard and my house is inside city limits, they just argue with me. 🤷‍♂️

[@ah5721]

Crazy!

[@stephenpowstinger733]

As a shopper, you need a checklist - tailored to the locale - to make sure you go over all the potential problems. If you’re considering a manufactured home, they have special problems.

[@101perspective]

Yeah, you would think that there would be a simple checklist for people. Personally, when I bought my first home I went out and bought a book and read a few of the key chapters on what to look for, etc. They are obvious things but in the moment you don't always think to do it. Something as simple as driving around the block first to get a feel for the area can be HUGE in deciding if you even want to live in that area. I've gone to several homes that I didn't even bother to get out of the car to look at the place. Nice place maybe but the neighborhood sucked.

[@angelofamillionyears4599]

You forget to mention the most important factor- The future economy of the zip code. Are businesses leaving the area or moving in? thanks

[@johnpinion8033]

Here are 10 more reasons not to buy that cheap house!!! 1. The house might have been constructed by amateur beavers practicing their carpentry skills. 2. The cheap house comes with a free bonus: a resident ghost who likes to rearrange your furniture at 3 a.m. 3. It turns out the house is an elaborate disguise for a secret underground lair for hamster ninjas. 4. The previous owner was an eccentric inventor, and the house is filled with unpredictable gadgets that could accidentally launch you into space. 5. The house was built on an ancient burial ground, and the ghosts of past owners have a habit of throwing wild parties every night. 6. The walls are made of paper-thin cardboard, making it the perfect home for a herd of stampeding elephants next door. 7. The house comes with its own herd of mischievous gnomes who love to play pranks on unsuspecting homeowners. 8. The foundation is made entirely of Jenga blocks, and one wrong move could cause the entire house to collapse like a house of cards. 9. The house is located in a parallel dimension, so finding your way back home after a grocery run could become a lifelong quest. 10. The neighborhood is plagued by a local gang of squirrels that have a knack for stealing shiny objects, including doorknobs and car keys. Please: Just leave the buying of cheap houses to the PROFESSIONALS! Thank you!

[@marysuniga1157]

My parents bought a home for 30000 and had it moved on to their property over 49 years ago it had some work to be done but it had beautiful maple floors

[@ja1505]

Its nice to see a knowledgeable broker who actually counsels customers. I am a real estate broker in south Florida and your video was very informative. Thank you

[@JerryPinkas]

Thank you for taking the time to comment and share your story. Just trying to help people avoid the pitfalls that are costly. Thanks for watching.

[@britishbulldog8966]

All good information. Nothing here I would disagree with. Radon in basements is another biggy in some areas.

[@ah5721]

Big in the KC area !

[@MaxZagar]

In Finland the seller has to state all the conditions of the house, do an inspection report before selling the house. If there are serious conditions related to the house, the buyer can cancel the deal. There are also conditions that the seller is responsible for 3 years after the sale. You can sell it without these conditions and warranties, but then you actually just sell the lot. I would suggest that the state would would improve the legislation regarding sales of real estate.

[@home4life505]

In US, the seller must disclose info, as well. However, some dont. Many claim that they didnt know about the problems b4 selling. Also, buyers are encouraged to have a home inspection. I had one and pulled out when foundational issues were found.

[@slowpoke96Z28]

That 3 year post sale responsibility would change the game here in America.

[@shinydusty28]

This video was for houses sold As-Is

[@al1665]

They would call that communism here

[@jmitterii2]

@@al1665 Unless it makes money for the oligarchy, everything is communism in this pathetic joke of a country.

[@jimwolfe4286]

Thank you very much, Jerry !....I'm glad I sub'd your channel . There is a # 14 , the whole concept of home ownership in the USA is changing. Inept and self serving politicians are going to continue to find ways to continue to raise property taxes and increase rules and regulations on home owners. The American Dream is not dead , it's going to become an ever increasing revenue source for a Larger and Controlling Government....

[@JerryPinkas]

That is a good #14! Thanks for sharing. You are correct, it's not as easy as it once was, and it's not getting cheaper, but you are right... the American Dream of owning a home is not dead. Thanks for watching! See you in the next video.

[@ammitthedevourerofsouls]

Covid was a world wide event. It literally stopped the planet. It's officially over. The melting pot honey pot is completely bankrupt now everyone that took out loans like China and Russia want their bills paid. Trillions in debt. You can dream all you want doesn't mean it's not happening. Your CIA device your phone wants it's money back with interest. China can repo houses cars land vacation homes titles. It's been over. Notice everyone is being hacked and shut down? It's over, accept it.

[@tammyicious]

Well said my friend. Almost makes you wonder if renting isn’t a bad option. 😔

[@jimwolfe4286]

@@tammyicious Thank you, I agree....renting is a good option for now.

[@jetjet642]

@@JerryPinkas it seems dead for me

[@Thomas-yr9ln]

They tried to hide issues way back in 1960s. Like that one episode of Andy Griffin were they were going to buy the house down the street. Andy had a a crack in the kitchen ceiling and the dream house they were going to buy had a crack in the furnace and a flooding basement everytime it rained. My story has no point other than I'm bored and don't have anything better to do lol.

[@JerryPinkas]

Well, I’m glad that you’re being entertained by these videos and I appreciate you taking the time to watch and share your story. See you in the next one.

[@YasuTaniina]

My dad was a geologist, he taught me to always look at flood maps before buying too. One of our houses growing up in particular was high and dry from the floods in Houston while even our nextdoor neighbors property flooded a lot

[@JerryPinkas]

Your dad was smart. Thanks for taking the time to share with others and thank you so much for watching.

[@keithbellair9508]

You wonder why any fool would build a house in a flood zone to start with

[@SamMillerSells]

Cheap houses can have unexpected surprises - Thanks for sharing Jerry!

[@JerryPinkas]

Thank you! I appreciate your comment. There are many hidden pitfalls that can be costly. Thanks for watching.

[@SamMillerSells]

I enjoy your videos

[@paulheydarian1281]

Exactly! You never know if the termites have been manufacturing crystal meth.

[@kokomo74149]

Country people are their own ambulance, doctors, firefighters, flood help, etc. They will survive. Lol

[@daveginter9030]

Good Video. I remember when I was looking for something I could afford on my low budget. I ran into a lot of fixer upppers that where well beyond what I could put into them. And if I thought I found a deal there was always a reason it was priced low. Creeks that flowed thru the basement, Railroad tracks 100 yards away. The smell of the area landfill a half mile away that when the wind blew towards it you just drove away! And list goes on and on. I had a relative who inspects homes see a half inch copper pipe below the gas furnace and we latter found the old oil tank in the backyard which delayed the sale 6 months untill we settle on an agreement. So read up on buying a home as much as you can before you get taken. Because one you sign that contratct you will very likely not be able to get out of it!

[@JerryPinkas]

Thanks for watching and commenting

[@keithbellair9508]

Better off to buy a trailer

[@billbrock8740]

Another Great video, Jerry!! To semi-quote Dorothy from THE WIZARD OF OZ: “Meth labs and termites and mold, oh, my!!!!” Plus, your astute observation of the stilts was classic!!

[@JerryPinkas]

Lol, Thanks for sharing the THE WIZARD OF OZ quote! Glad you enjoyed this video...see you in the next one!

[@perochialjoe]

That moment when you can't even afford a disaster home 🥲

[@Miami7]

This was a great video! I haven't looked, but you could do one on the pitfalls of buying a new home. For example in our older home, we had very strong trusses and the inspector for the new buyers said they don't make them that way anymore. Here in Florida new homes are so very expensive and not all that well built. I see a lot of development going on where sinkholes are prevalent, and also on flood plains. And another video would be one comparing buying a new home vs an older one. Thanks!

[@JerryPinkas]

Thanks for watching and taking the time to comment. I do have a few videos here on the channel that are about buying new construction. That you may find helpful. And interesting. See you in the next video.

[@richardtaylor7485]

I'm sure glad in California we have so many disclosures, yes at times it seems like a pain; done for the buyer's protection.

[@tomsmith3045]

These are great tips! I'd add, if the property has a well or septic, make sure those work, and if it has a well, check to see if there are any environmental issues nearby. Lots of people can't drink their own well water because of contamination. Another is to find out what local issues there are with building types. Something that might be a good design in Florida may be terrible in the southwest or northeast. Learn the local problems.

[@JerryPinkas]

Thanks for watching and sharing. Glad you enjoyed this helpful video

[@croswellianprincess3590]

A lot of people can’t drink their city water because of contamination too.

[@JerryPinkas]

@@croswellianprincess3590 Depending on where you live that is true! Thanks for watching and commenting

[@0004612]

@@croswellianprincess3590yep, it’s called flouride contamination. We filter all our drinking and cooking water to remove the chemicals and flouride.

[@holocene2164]

Also, check how long ago that septic tank was installed as getting a new one installed is costly.

[@MrVisde]

We owned a house with an easement through the backyard because of an old sewer line. Nobody in the neighborhood could expand their home into the backyard when updating. All the houses were forced to remain as little ranch starter homes despite the big lot sizes.

[@JerryPinkas]

Oh wow! Thanks for sharing your story with others so they can add that to the list. Thanks for taking the time to watch and comment.

[@sage1875]

Ryan An easement doesn't mean you give up your property, all it means is that you must allow access to the easement!

[@inarios2499]

Very informative, thank you for putting this together.

[@JerryPinkas]

You are welcome! I appreciate your comment. Thanks for watching.

[@Hukkavei]

For the amount of people suing each other into courts in the states, it's surprising to see that it's not happening with bad house deals where a buyer is left out of key details like mold in the structures. Here in Finland not too long ago it made big news when a cabin was sold in full price to a new owner and turned out to have a mold problem, in the end the seller had to pay back the entire deal sum and some more back to the buyer.

[@JerryPinkas]

Thanks for watching in commenting

[@keithbellair9508]

Jeff rense story is he bought a house with a missijgn foundation.. he sued the seller, the home inspector and the realtor… the judge let them crooks all off the hook.

[@sharonwatson9900]

Very helpful, I bought my house and my neighbor took me to court and bought the road that I need to drive on to my driveway. Until this day I don't understand why that was possible.

[@JerryPinkas]

Oh wow! Sounds like an easement issue. Thanks for watching and sharing your story with others too.

[@jackb1803]

" I don't understand why that was possible" Did you have a lawyer?

[@spacecaptain9188]

How do you assess if a house is in the wrong place? EG how do you notice that a road will be widened in the future?

[@HarveyHex]

I'm planning to move to myrtle beach and this has been so helpful. You have really helped me prepare for a few things. I would add to this list right of way rights. Knew someone getting property in the middle of nowhere and the other land owner would add gates legally they would always produce keys but man the headache of just trying to go down the driveway.

[@JerryPinkas]

Thanks for sharing...that is another good point! My team looks forward to helping you find your next home in Myrtle whenever you are ready. So glad you are enjoying these videos. We have a lot of super helpful info, to share, Just give us a call at 843-839-9870. Hope you are having agreat day.

[@joniangelsrreal6262]

1)Find a good real estate attorney 2)Find a good real estate attorney 3)Find a good real estate attorney 📞Worth every dollar

[@JerryPinkas]

Thanks for watching and sharing

[@dougmac6803]

You better believe this video is on point. You saved us a lot of headache and worry. KUUUUUDOS

[@JerryPinkas]

Thank you! I truly appreciate you taking the time to watch and comment and I’m so glad that you enjoyed this video. There’s others here on this channel that are super helpful as well.

[@amyrenaud7589]

That water-damage hidden by the seller issue is no joke. We had the house for 6 months before it started to show black mold. It took us a year and about 300k to fix it, including diagnostics, exploration, remediation, and rebuilding. It was awful.

[@JerryPinkas]

Thanks for sharing your story with others so they know this is something that they really need to look out for. Thanks for taking the time to watch and comment.

[@jadawngriffis3745]

The fact that people can hide issues on something so expensive should be a crime that has a lengthy prison sentence attached to it.

[@WhiskeyPatriot]

@@jadawngriffis3745 You would have to prove it. If you could though I would hope they are.

[@bobmalack481]

How do you spend 300 grand repair on an existing house? You must have a multi million dollar home. Incredible..guess thats pocket change for you..

[@carolinesmith8024]

300k for black mold no it's a lie or they cheat you blind 🦮🦮🦮

[@lewis7315]

the last picture you showed with the pond in the background with concrete walkway to your right SCReems WARNING!!! When it really rains, pours you could easily be knee deep in water!!!... I remember several pieces of land with a creek running through it that was so obviously a total marsh floodplain! One such level grazing land at least 100 acres with house barn and etc was only a few feet above a River going through it! Screems floodplain to me!

[@ah5721]

Not to mention toxic poop water

[@gordonharris7020]

Thanks, Jerry. We enjoy your videos about the Myrtle Beach area. We live in Florida, where the cost of living has escalated.

[@JerryPinkas]

Thanks for watching, commenting and sharing your story. I do appreciate you and I am so glad you are enjoying these videos and thank you for sharing!

[@flea4061]

There are no cheep houses where I live. A piece of junk is 750k.

[@shoppingwithsheryl]

This is what moving to another state so hard, you can't trust people to be honest about any issues and going there can get costly.

[@aussie8114]

Been in the building trade for a lifetime. I can confidently give this a 👍🏼

[@materialgirl338]

AND.... is it close to A Train with toxic chemicals or Jail or Sex Offenderr's.

[@JerryPinkas]

Thanks for watching

[@seameology]

I was renting an apartment that had a meth lab in the next apartment. Very cheap rent but I got out.

[@JerryPinkas]

The cheap is seldom good and the good is seldom cheap. Thanks for watching and sharing your story

[@eugenetswong]

I'm from Canada, and your wisdom is probably most applicable here. Thank you. KZbin suggested you to me.

[@JerryPinkas]

I’m glad that KZbin suggested you and I connect. So glad that you are enjoying these videos here on this channel. Truly thank you for taking the time to watch and to comment.

[@pbrownxal07]

Wow I would have never thought of all the thing you presented, I appreciate you exposing this information to protect small real estate investors. Thanks

[@Ted_E_Bear]

Thanks for sharing your knowledge !

[@JerryPinkas]

I truly appreciate you, Thanks for watching! :)

[@dantevortex]

This goes for everything. If it's cheap, there's something wrong with it they refuse to tell you.

[@Rebelartist83]

#.15 before you try to be kind and introduce yourself to the neighbors..you can't always trust realitors or independent sellers to tell you about the neighborhood and people.. It's perfectly acceptable to call the Police non emergency number to get the low down on the crime rate and possible neighborhood meth labs and background on who and exactly what is in your area you don't want a neighbor that's a particular sort of disgusting with a record.. #16...make sure you check your prospective neighborhood doesn't have anyone on a sick offense list.. You need to know these things too before you move too..

[@JerryPinkas]

Thanks for watching and sharing your story. Thank you so much for taking the time to comment. I’ll see you in the next video.

[@FlorianWerfel324]

Life is an off-putting and fascinating experience when you stand back and look at it. I'm glad to be here with you. Working with a financial advisor may truly set you up for life success. I'm delighted I was able to contact my coach, Joseph Sullivan Anderson, early this year since, while others were whining about the downturn, I was busy cashing out from my portfolio, finally earning more than $370,000 in only the first quarter.

[@leonardo54465]

Very true, I began investing prior to the pandemic and made a profit of around $750k that same year with no prior investing experience, essentially all I was doing was seeking guidance from my coach Joseph Sullivan Anderson, who's a guru in the game, you can be passively involved with the help of a professional.

[@Madisynmueller]

I sincerely appreciate your advice. It was simple to locate your coach online. I did some research on him before we scheduled our phonechat. He appears knowledgeable based on his internet-resume.

[@Hollowsmith418]

had to check him up on google....I'm expecting to hear back from him soon after seeing his website and sending a message.

[@allisonmarkson324]

Joseph Sullivan Anderson has transformed my life; he is fantastic, and ever since I met him, my life has taken a positive turn due to the passive income generated by his expertiseand ideas, which are vital for winning against all odds in this area of online business. has helped us pay off debt and save for retirement.

[@Pypnlr4ug]

#15 History of the land where the property/neighborhood resides in. Check as far back as possible, you don'y want to buy in what once was a toxic dump/swamp land that was filled/water front properties with rising sea levels/etc no matter the assurances from sellers/others that it's now OK or worst--their outrigjt denial of the history.

[@DarrenMalone253]

9:12 Really glad I found you Jerry! 32 year mortgage broker here and this is one of the best real estate buying videos I’ve ever seen! Bravo

[@worldchanges10]

As long as the house’s foundation is strong otherwise I rather have a run down house cheap than being homeless leaving in the street also if there’s no law telling me I must have to fix everything in order to live in it

[@jackb1803]

Not true. A house can be declared "uninhabitable" by the municipality and you will have to vacate. The bar is pretty high though.

[@avalonarkka5938]

This is SO HELPFUL THANKS SO MUCH!

[@frenchustube]

In California the realtor/seller must disclose if someone died in the house during the last three years. Natural death or murder or suicide.

[@JerryPinkas]

That's a good point! California, Alaska, and South Dakota require home sellers to reveal that information to all potential buyers. Thanks so much for watching and commenting!

[@schallrd1]

Don't want to buy a haunted house. May need poltergeist inspection.

[@JerryPinkas]

@@schallrd1 lol that’s a good point. A lot of people do not want to live in a houseware, a previous person has passed away. Thanks for watching in sharing.

[@lkd06]

At one house I looked at, the old man died alone and his body melted into the hardwood floor...no disguising that...sold "as is"

[@JerryPinkas]

@@lkd06 Oh wow! Thanks for sharing your story

[@robincrowflies]

I'm appalled at the offerings for the past 3 years that I've been seriously looking.

[@JerryPinkas]

Thanks for sharing your story here on this channel about what’s going on with your real estate search. Be persistent you eventually will find your hidden gem. See you in the next video.

[@meking6327]

Thank you for mentioning distance in the country. I was a Medicare Advantage insurance plan agent and I had licenses in 30 states. I cannot remember how many times that senior citizens moving to rural areas to afford living, but found it was expensive. They usually had few health insurance plans available and they were more expensive. There were also fewer doctors and almost no specialists. I never could get over how it seemed so unfair that seniors moved to "affordable" areas but then get gipped with more expensive health care.

[@JerryPinkas]

Thanks for sharing your story! It is very important, especially in retirement to be close to Denise that you will have. Thanks for taking the time to watch.

[@keithbellair9508]

Here’s a wild idea, how about seniors pay for their own healthcare

[@joejohnson2478]

Before you even dive into these points before considering buying a home anywhere is to check out the DEMOGRAPHICS of the area that you are looking into. Since real estate sites are removing crime statistics of an area then check out DEMOGRAPHICS. They will go hand in hand with an area that's not safe to walk and break-ins, car thefts are high.