(Learn Exactly) How to Buy a Home with $1,000

[@DerraKormino]

More than 80% of newly-built single-family homes sold in 2019/2022 belonged to an HOA. during the 2004 housing boom-home prices were significantly inflated, leaving people unable to sell later because they owed more on the house than it was worth. I know several people who bought during that time, thinking it was a good investment, but it wasn’t until the COVID housing boom that prices finally returned to those original levels.

[@LUCIASMITH-d1z]

To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

[@maiadazz]

You're right. I was able to diversify my 450K portfolio across markets with the aid of an investment coach, and I was able to use high dividend yield stocks, ETFs, and bonds to generate a little over $830K in net profit.

[@JacobsErick-u8r]

Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.

[@maiadazz]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@winifred-k9e]

Thank you for this tip. It was easy to find your coach on the web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@Redac2608]

I used the USDA loan to build a house in 1994 on 1/2 acre of land. It was a dream come true. My down payment was $500. I could not believe this was available back then. I still own the house.

[@RicardoHernandez-zr1pw]

You’re lucky you had that opportunity. 👍

[@aking032962]

NOT ANYMORE! I was approved on a USDA loan and because of the State of Arizona USDA Chief Home Program Coordinator did NOT HAVE A PERSON ON STAFF THAT KNEW HOW TO PROCESS A NEW CONSTRUCTION TO SINGLE FAMILY MORTGAGE ONE TIME CLOSE THEY WITHDREW THEIR APPROVED LOAN AFTER A YEAR. THIS IS AFTER 27 MISTAKES IN PROCESSING MY LOAN EVEN AFTER EXPLAINING TO THE PROCESSOR THE USDA'S OWN LOAN PROCESSING TRAINING MANUAL THAT WAS ACCESSIBLE ON LINE! THESE PEOPLE HAVE TO BE CORRUPT OR COMPLETELY IGNORANT!! I COULD SUE THEIR ASSES OFF BUT THE WAY THE DEPARTMENT OF JUSTICE LOOKS LIKE GOOD LUCK WITH THAT TOO!! SO NO, UNLESS YOU WANT A NIGHTMARE FOR A YEAR AND NEVER EVEN GET TO BREAK GROUND I WOULD AVOID USDA HOME LOANS IN ARIZONA LIKE THE PLAGUE!!!😢

[@barryirvingj1813]

Really?

[@Redac2608]

@@aking032962 I am sorry to hear this. I was very blessed.

[@mwangianne270]

Thank you so very much

[@diablos58]

The problem isn’t the down payment, the problem is that basic homes are selling for a half of a million dollars…

[@snickerdoodles787]

My house is worth 210000 but I'm going to price it waaaay below that cause a. I need to sell it fast b. We have a subpar hoa and c. There's someone out there that deserves a break . And honestly I could sell it for 140000 amd still make a nice chunk of change. No investors or realtor companies either just a regular family I will sell to.

[@frandavis1990]

​@@snickerdoodles787its people like you who should control the housing market, not these banks! I wish i could get that home off you for my family but im not ready yet 😅

[@patrickbledsoe2176]

​@@snickerdoodles787kudos to you sir wish you were in Seq County Oklahoma

[@diablos58]

@@snickerdoodles787 also touching on that note and another HUGE issue especially in my area of the country, is that there are big time investors and realtors buying up all the properties they can, and then putting regular people through extensive application processes after having them pay fees and giving them hope for a chance at renting their property, only to deny them because they don’t meet the requirements which are absolutely absurd. I have to have a 620 or higher credit score just to rent a crap hole apartment? I have to make $60k a year to even be considered for a place? These big time corporations are the ones controlling the market and people are giving in and paying out the wazoo because we don’t have any other choice.

[@justinrivera5958]

Black rock is running the housing market right now

[@dropshiper-w2d]

some people that dont know anything about real estate would think you need 1000$ total to buy it but 1000$ is just the down payment for the loan

[@scottinvad2096]

Very misleading. At the beginning he says, ".... how to buy a house for a thousand dollars?". This is not about buying a house for a thousand dollars, it's about putting a down payment on a house for a thousand dollars. Even people who do know something about real estate can be misled by this. The caption makes it sound like you can buy a whole house for a thousand dollars too.

[@NortheastPressureWashing]

Gotta educate yourself as well man people can’t do everything for you. Have to look into things and realize how much you’re trying to eat in one sitting.

[@LJ-uy9ru]

​@scottinvad2096 Well, you're an idiot if you think you can purchase a house outright for a $1k. Nerd

[@sendit7777]

​@scottinvad2096 if I understand you correctly, 1000 dollars down secures the loan. Your approved. Then what happens and what money is needed after that. Trying to understand the process.

[@titanproductions3628]

​@@sendit7777well traditional home buying requires 50k plus to put down on a house but this USDA thing brings it down to a 1000 for down-payment, just gotta do a little bit more research on this.

[@calebowens545]

One minor detail left out. The location of the house has to be in a rural area classified by the USDA. They have maps on their website

[@gilgamesh6135]

So what? Beggars are not choosers

[@julieludwig8927]

Wayne mentioned that.

[@richardpellis]

Rural housing does not appreciate in value like city homes. In case that matter to you.

[@solascriptura-e7t]

Fine. The way to circumvent that, would be to make it a rental property,​@@richardpellis

[@bunchielove6893]

​@richardpellis this isn't true. My friend has one of these homes in North Texas and her home appreciated quickly. If the area grows the home appreciates.

[@jeremiah03101]

this is the dad i always needed

[@JustheresoIdontgetfined7]

Bought my first house in 2020 with a USDA loan. When I got the loan, there was also a rebate that came along with it, that would first be applied to the closing costs, and any remaining amount of money would go straight into my pocket if there was any left over. My understanding has been that the rebate is a standard part of a USDA loan. For me, the closing cost on my home was $10,500, and I received a $9,700 rebate, so I only paid $800 to get into the house. Sure, I do have a PMI payment attached to the cost of my monthly mortgage, but it's only about $90 give or take a few dollars. When I bought this house, the lowest rental prices I could find in my area were about $2,100 a month (but most were $2,300+) and even with the PMI payment attached to my mortgage, I'm instead paying $1,900 to own a property on an acre of land and my own water well. Would I have preferred to have 20%+ down when I bought? Sure, but I'm still not at all regretting getting into this house.

[@Connor-im8xp]

You did your research my friend good job. I got my house in 2022 small starter home. Still got a good rate and I used a conventional loan. Only had to put 5% down after closing costs I probably spent 20k. But I’m much happier paying an 1100 dollar mortgage then giving someone else rent.

[@JustheresoIdontgetfined7]

​@@Connor-im8xp For sure. Having a good rate is great, that's hard to find these days. I locked mine it at 2.5%, which was very easy to do with the USDA loan structure. USDAs had the lowest rates I could find at the time of purchase.

[@Zero-xl2ef]

Is it worth it to buy one in Cali?

[@moyoroque1]

We bough my home this same way just before I turned 21 about 13 years ago best decision in my life thank you for helping people out

[@lilpandanesegirl]

this was 12 years ago. not a good idea right now. but congratz!

[@dattepo7534]

Congrats dude wish I knew what you did back then

[@rftree7737]

Where you Live is the loan depending the area I live in Long Island NY

[@Acepilot235]

​@@rftree7737Good luck with that. I used to live in East Meadow, but I moved to PA because it's so much cheaper. Still have my job in NY though because it's maritime work.

[@colekonop5034]

The housing market is t nearly the same as it was 12 years ago 😂 it’s actually cheaper to rent rn

[@cryengine_x]

i got a usda loan, my realtor hooked me up 15 yrs ago and man did he do an awesome job. no down, no pmi, great rate...if it werent for him i'd have no idea it existed

[@mauriceanderson-phillips5360]

Looking to buy also in Florida please share

[@JoyFaith-xg3zg]

Seriously?

[@morganjcody14]

Yep he is 100%. I’ve done it twice. Get seller credits and you can get closing costs lower.

[@shapourdashtpour63]

Do you pay the closing cost up front or it goes back on the loan amount

[@tonysilke]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[@Nernst96]

The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@PatrickLloyd-]

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@PhilipDunk]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

[@PatrickLloyd-]

Tracy Annette Webb is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@PhilipDunk]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@BennieY.Jenkins]

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[@harryrobot851]

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

[@DavisFreeman-nu1cu]

You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

[@NimaOmaisj]

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

[@HilmanJacks-mq1tc]

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.

[@ScottBruceman]

It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.

[@luisperez498]

actually really proud to have an employee like you as part of the team. The job is done so gracefully and neatly. Very well done, dear BsnsFunding . First of all. Thank you for making the work environment so friendly and taking your responsibility seriously and completing the work gracefully! You deserve so much.

[@Ryan-ff6tn]

???

[@carlf8224]

@@Ryan-ff6tn its a scam to get you to look up and click on "Bs"nsFunding. it makes no sense so you will google the only logical thing in the message to further understand it!!! Stay on your toes because these scams are getting clever

[@JoshySaucy]

Hello Everyone, I hope this message finds you well. I live in Arizona and just purchased my first condo. Paid 205k for a 1 bed 1 bath in a decent neighborhood within walking distance of everything. My credit pulled at 759 and qualified for a 30 year fixed at 7.125%. Received 3% concessions from the seller and a $2,500 grant. Over all it cost me 6.5k including the 6.1k for the down payment and $400 in loan cost. I’m very grateful to be a home owner with a payment I can manage. These home prices are insane though.

[@Ball_Hard]

For 1bed 1 bath ???😳

[@JoshySaucy]

@@Ball_Hard Yes, thats correct. The lowest price point you can get here in the valley. Unless of course you pay 30k less for the same style unit in the hood.

[@walleplaysunite]

@@JoshySaucy But is this with the USDA loan?

[@JoshySaucy]

@@walleplaysunite no conventional, I was under the assumption usda is for rural areas?

[@omicronceti6063]

I'm in phx, which exact intersection your condo is at?

[@TheBrianV]

I've been in real estate for 34 years and didn't know a lot of this. Thanks Wayne

[@HeartLatic]

😮😮😮

[@joshamezcua3322]

That says alot about you and less about the information

[@azinfandellvr]

​@@joshamezcua3322 why so mean to a stranger?

[@sempfrost1302]

​@@azinfandellvr misery loves company

[@ChristopherAbelman]

After selling a couple homes in 2020, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[@FinnBraylon]

Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.

[@bartlyAD]

I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.

[@FinnBraylon]

She is easy to find , make a quick research of her on the internet with her name Rebecca Noblett Roberts. She works with anyone independent of their location

[@FinnBraylon]

Her name is “ Rebecca Noblett Roberts” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@bartlyAD]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@arloc24]

With ťrading, technicaI analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Laura A Keady’s insights, daily ťrade signaIs, and my dedication to learning, I've been increasing my daily earnings. Keep it up!

[@Aninhafeldman]

Wow, I'm just shocked that you mentioned and recommended Coach Laura Keady I thought people don't know her… She's really great!

[@SagaciousBodie]

Be careful people, if you're worried about paying more than $1k down, know that a house like that in my area is going to cost you $3k per month mortgage. Don't be impatient!

[@sugasweet435]

Thank you, I keep getting tempted by all these cheap listings I’ve been seeing lately. But I’m only 24 and stuck in a year long lease. Hopefully I can make the most out of these coming months, get a cheaper place short term, and save up faster

[@KekeKenned]

This is true, I bought a brand new house up on the USDA loan. And I put no money down at all with the 650 credit score. Fix rate with the 4.25 interest rate

[@KekeKenned]

@@LyssieLysse I knew about the loan before buying a house.

[@GrayFoxIRL]

In 2024 you got a 4.25% interest rate?

[@KekeKenned]

@@GrayFoxIRL no

[@DragonNinja4680]

​@@GrayFoxIRLmust have been sine years back before the Feds raised the rates!!

[@Monkies8utt]

Here’s the catch.. you might have $1000 to purchase it, but will you have the $3500 for the monthly payment to pay the loan

[@popefrancis9756]

Still better than paying 2k for an apartment.

[@TheHipisterDeer]

Yeah so? There are apartments in NYC that are $3500 for that anyway, you might as well invest it in a house instead.

[@chriswood4510]

Rent is basically 100% interest loan with no end.

[@macruizphotography]

​@popefrancis9756 no it's not, if you can easily afford 3500 than sure. But that comparison to 95% of the country the rent is the only option and they still might not be able to afford that.

[@popefrancis9756]

@@macruizphotography you’re thinking too much like a woman. Stop that shit, find your balls, and work your ass off. If you can’t find a way to come up with 3500 a month then what the hell are you doing? I know mfs who gotta pay more than that for child support. Get a grip mf, let’s do this shit.

[@americanedokko2782]

I have about a 780 - 790 FICO. I’m a disabled Veteran. I can get a VA loan. BUT, I CANNOT AFFORD THE PAYMENTS ON A DECENT (3-2, 1000sqft) HOUSE IN A DECENT NEIGHBORHOOD!

[@johnmelgar6625]

Buy in a shitty neighborhood or main freeways closer to downtown brrr it and build an additional building rent or live there and do it again

[@uidr]

how much is the payment

[@annkg7193]

I never bought a home and I have 60 days before my lease expires and I don’t know where me and my young adult autistic son is going to go. My biggest desire is to be a homeowner. I just learned about USDA loans not clear exactly all the ins and outs of it but I hope I can buy a home for $1000.00. If I can actually purchase I surely will come back and post my testimony! Thank you for sharing.

[@JollyjaeC]

You still need to afford and make the monthly mortgage payments. The down payment is what will only be a grand.

[@Peterl4290]

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

[@larrypaul-cw9nk]

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

[@Mrshuster]

I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

[@sabastinenoah]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@Mrshuster]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@MsGlobaldomination]

I have a question regarding the $1000 down. You mentioned the home inspection, but aren't you excluding the appraisal fee, attorney fee, and the first year of insurance upfront? I was advised when I was preapproved for a conventional loan that those costs are never covered, so are USDA loans different?

[@jimmyt5241]

Now I found this out I like building brand new homes , I just built a house for nothing out of pocket , well I bought the land and paid it off in 3 years cleared the property myself then used the land as down payment on a construction loan and Americas home place great company built my home and it’s stick built some walls are 2x6 framed front wall is 2x8 framed large windows , they have done An amazing job high standards on these new homes to meet new codes better materials and I’m glad I had the time to wait and build one cause a used house would have cost more of this size I think building is the way to go you get to choose floors , countertops doors placements of lights extra electrical outlets in areas needed everything , doors window types gutter colors porcelain barn style sink upgrades siding upgrades list goes on you get to customize the house to what you want and it’s brand new that’s the kool part , I can focus on my business my customers and keep them number one priority and keep it moving

[@femalewarrior125]

Nothing out of pocket? Well you have to pay back for the construction loan! Right? And you bought your land with money! Right? So that is not “ nothing out of pocket “ with all due respect

[@ryangandy1127]

​@@femalewarrior125I'm pretty sure he meant no money down

[@oliviaralston1]

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life..

[@tracyholian2944]

I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

[@aaronferrell3129]

imagine investing in Btcoin earlier.... You could have been a multi millionaire precently

[@sarkiali3958]

​@@aaronferrell3129 You are right. Been thinking of going into gold and cyptocurrency

[@Muchen218]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@Noel.Kirk.]

You’re right but a lot of people remain poor due to ignorance

[@TampaCatGirl]

I almost didn't listen to this video, but so glad I did! Great info on this program that I hadn't heard before. You've got a new sub. Thank you, you are awesome!

[@jamieism]

I want to use this but the calculators online say my payments would be over $1000/mo and that’s totally impossible 😢 There is nothing cheaper than $200k these days even in rural areas.

[@letlovedesign3088]

If you are very low or low income, the USDA Direct loan may subsidize your monthly payment making it more affordable. It’s worth looking into.

[@mikieemiike3979]

You have to negotiate the price. Look at homes that are inflated. Meaning if they are selling a house for $340k but they bought it for $180k make your offer based on the $180k not the $340k.

[@LHSHarmon]

You have to take in consideration Debt to Income ratio which was usually the issue with USDA

[@solascriptura-e7t]

He mentioned that.

[@GD-oz7uy]

There is an income limit requirement with USDA loans

[@carlitoclassico]

Yeah, I tried this last yr after all the married and couples with kids kept saying "oh yeah, everyone qualifies" but apparently I make "too much", not enough to buy outright, but plenty enough to pay 1350/month in rent on a single income 😂 I don't want to give up, but it really seems pointless after 2 yrs of trying

[@MzSeptember]

Wayne Turner….THANK YOU. I’m not in a bad situation as far as buying a home. But you definitely give me hope with moving forward with the process. So many options out there and you explain them well. I may be contacting you for advice if you don’t mind. Thank you so much for keeping us informed.

[@TheRealWayneTurner]

Thank you. I’m always here to help.

[@hazel555]

Unless it's changed recently, usda says you have to show that you were unable to get any kind of regular home loan anywhere else; also you have to show that you paid your bills, without one single late payment, within the last 12 months.

[@malstarrainbow]

That is still true. Plus another thing he is not mentioning is you cannot live just anywhere. The USDA is not available in every county and there are restricted areas. Besides that PMI goes along with that mortgage making it harder to pay off the home sooner. It sounds all good on the front end but it is a risk. I say it is for people who don’t mind staying in that said home for over 20 years.

[@andrewmeitner4818]

You still have to pay the mortgage and without a down payment those mortgage payments will be high. This is great advice if you can make the payments. Thanks for all of your videos Wayne.❤

[@shannaelchert7014]

I believe your payments are based on income…? I could be wrong though

[@Nvable]

​@shannaelchert7014 it seems like income based mortgage would be decriminatory toward those that earn more money than others. Someone paying a higher mortgage with the same down payment for the same priced house in the same location doesn't sound fair at all.

[@femalewarrior125]

@@shannaelchert7014your payment will be based on the amount of the loan and the interest rate at the time, your income does not establish your payment, your income determines if you can make the payment or not !

[@DoctorDaniB]

@@shannaelchert7014 Monthly payment isn’t based on income. It’s based on loan amount, interest rate, private mortgage insurance, home insurance and property taxes.

[@thomas0086]

@@Nvable you could argue this entire program is discriminatory to wealthy people, which is ironic, because literally, the entire financial system is discriminatory to poor people as all the financial incentives are given to those who have wealth and credit. These programs have an income limit for a reason. If someone makes more than another using this program their payments should be higher. Why would you want a whole bunch of people who are making a few hundred dollars short but still over six figures a year using up all of the funding? It’s a pity it doesn’t work that way to discourage the above.

[@killerzone3355]

I see your still working hard helping others Wayne. Thanks again Wayne for helping us when we needed it most, totally killer.

[@yvonnemvquire6349]

Love, love, love Wayne and hearing his knowledge on homes❤

[@JarvisCarter]

Flood zone tip you gave in this video really sticks with me. Thank you for the insight!

[@morriganfey6079]

Oohhhh.. Louisiana.... now I understand why half your videos mention flood zones lol

[@belindahicks6137]

This would be awesome for my daughter, she is a single mom and pays almost 1000 dollars in rent . Thank you so much!! We live in Jennings , Louisiana and I would love to tell her she can buy a house because that's her dream.

[@treomoe]

Good people are spreading the word for USDA.

[@heroknaderi]

Tgat is great information. You nailed it: I plan to buy back my childhood home I grew up in. It’s currently a rental with existing tenants: the landlord (a friend of mine) has an LLC so seems it’s Corporate owned. But he’s the managing member I saw : but my plan is to buy it and put it in my name: I am curious if i can use this method you showed in video to buy it.

[@sargentking2436]

Im in Georgia and Retired Military Veteran 😊

[@shericontrary2535]

near Fort Stewart?

[@solascriptura-e7t]

Hope that you’re using the Home Loan Guarantee

[@juanap2230]

Thank you for giving people hope of becoming home owner's ,bless you ❤💯

[@Eaglemadhatter]

I have over 700 score and recently quit my job and work for myself. I won't have show able income how can I get a home.

[@husbandandwifeteamak]

This video is a must-watch for anyone looking to enter the real estate market on a tight budget. Thanks for sharing!

[@hortenciavielma4022]

Where do I go to see the video?

[@kirkgarner7381]

Wayne, how do I find a mortgage company that I can trust to find me the best rate?

[@darcimorrisjones4959]

Problem here is that any home eligible for USDA gets grabbed up by investors too fast or they're sold cash only.

[@Casmige]

Come on Wayne “$1000.00 out of pocket”??? Really now, Nothing due at closing like those pesky pre-paids & escrows?. Notwithstanding the $3000.00/Month mortgage payment including PMI as well as mandatory homeowners insurance (dwelling).

[@jblow9394]

PMI is not needed for USDA RDLs. They have something different called a guarantee fee...which is much lower than PMI.

[@eduran6971]

Mr. Turner, How does someone from out of state go about securing a USDA loan in Florida?

[@TheRealWayneTurner]

The property has to be your primary residence for 2 years, so you'll just have to provide proof of employment in Florida.

[@colossusmuscleman]

Wow, so much great information that I did not know. I greatly appreciate it, keep it up

[@Ingloriousvlogs]

Shout out from 34 years old Bangladeshi immigrant living in Florida for the last 10 years and making the way up from 9-5 job to going partnership business very recently. Learned a lot from you. Thank you ❤

[@TheRealWayneTurner]

That’s incredible! Living the American dream! Thank you so much for sharing!!

[@GeorgetownDCNative]

Awesome Testimony!!! Thank you for sharing your story and giving hope to others!!!

[@intentionally-blank]

Always great info Wayne! I'm just here to read comments from people that don't watch the video.

[@Fernandacardoso-rb4zs]

This year 2024,don't set your financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

[@VictoriaArmendarez-fk7ps]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

[@Dicky-curtains]

You're right, based on personal experience working with an investment advisor, I currently have over $300k in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.

[@EllerieBardot]

​@@Dicky-curtainsHow can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@Dicky-curtains]

​@@EllerieBardotMarie Ann Treloar She’s the license coach I use.

[@Dicky-curtains]

Look her up on Google you will find the necessary information and also her web page to make a contact and schedule an appointment with her

[@aumm50]

Hats off to you, sir! Thank you for sharing your knowledge. New subscriber

[@alexnoda5010]

Make a list with everything you need to buy a house" in South Fl .. even $20.000 down payment is nothing here to buy an apartment...

[@thefunkysway4634]

I'm going to do this. I will let you know how it goes. Wish me luck! I can do it!

[@TheRealWayneTurner]

Let me know if you an agent or lender. www.ContactWayne.com

[@lilpandanesegirl]

I would wait. right now is not a good idea. unless you make pber 100k a year.

[@MaiaRowles]

I love your videos Wayne. I'm a 32 year old professional looking to purchase a home and prior to your videos I had no prior knowledge of the processes. Thank you so much for being so informative!

[@nuclearknight8543]

I put $1000 down for earnest money and $400 for an inspector to come out and look at my house. That’s all I paid. I didn’t have to pay closing cost or anything that’s what gets you. Also, I bought an area close by my hometown, but this particular area nobody likes it. Nobody wants to live there so the housing market is extremely low. $300,000 house would only go for about 170,000 here my house cost 140,000 and I can have it paid off in four years. Annually I paid just over $7000 in a year to my mortgage. I pay extra on the principal bringing it up to $10,000 a year in three years time, my mortgage went from 1400 a month to 1180 a month the more you keep paying like that, every year they readjust your mortgage payment will be lower

[@EvansWS6]

I have a 782 credit score at the moment and only live in a 30 + year single wide. I will never be able to get a home like this.... i own the trailer but pay $350 in lot rent. This monthly payment on a home like this would be outstandingly high.

[@blairakana9984]

He’s only saying 1000 down and us credit score of 620 or higher. He’s leaving out the fact that your debt to income ratio needs to be good or income needs to qualify and budget for the loan.

[@nrsmythe]

Listen again

[@drewnicest4319]

I'm self employed with an 800+ credit score but I can't get a home loan because my income on the books is too low

[@emmily6110]

​@@drewnicest4319that's the part they all leave out, you can't get a good home on lower income, otherwise your loan amount would be a flipper price 😂. currently working up to the stable amount to get a good home🎉

[@royharper2003]

@@drewnicest4319 USDA Rural Development's Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality

[@infinitylane8909]

He does mention it at 3:45 minutes in

[@Marcia6859]

Can you get approved for a USDA loan on your 3rd house when you have a house on a FHA loan?

[@ramajumdar]

Great video Mr. Turner. Informative & educational. Love all the way from Srimangal, Bangladesh.

[@jalitzaa.v]

you made this sound so achievable! thank you! do you have any advice for using a va loan?

[@truckerron]

Screw the IRS!!!

[@vsango3676]

My husband and I are looking to buy a house. We needed this information! He was forced to retire when the pandemic hit and that changed everything. He is a RRT and has not been able to return to work due to several surgeries , 2 times knee surgery, then back surgery and last a cuádruple bypass heart surgery which is still recovering from it. We need a house rush! Rent went up on 2021 and then every year they raise it. It’s crazy!, We are paying now for a 1b/1b the price of a house mortgage payment.

[@robertchavez5647]

What if I don’t have a job the past two years but receive tax free military and veteran’s disability as well as social security disability. Will lack of job but steady tax free income suffice and with a FICO of 715?

[@mdgoofy1]

Usda is also a part owner.. they will want "subsity" payment when you sell it based on appreciation at time of sale. Rises every year.

[@ximenahincapie487]

Oh good point

[@deepcow]

I have a credit score is 830 and I don’t think I could buy a house for $1,000.00. After the purchase how do I make the payments?

[@Easyservice-x8q]

Your videos are very nice I watch your videos all the time, you speak very well Wayne

[@2500hdx]

I bought a home for 1400$ on FHA with Government down payment assistance!

[@highpowerincontrol9731]

Your credit score must be A1

[@bigworldexploration]

While in Ga homes now cost up to million when it should be around $300-$500k. Im sure there is a good program.

[@Antonia.h896]

Yeah the interest and payments afterwards is what would get me. The average yearly salary where I am from is $47k. And there are no homes below 200k. If you do find one below that, it’s in a neighborhood you don’t want to be in or it is in bad shape. It would be a huge fixer upper.

[@Yeshuaservant]

Where do you live? I’m looking for fixer uppers to purchase

[@Carmen-dd4lb]

Thank you for this info. Very true important to know

[@Benedict00_ItchyManko]

So you move

[@EastSideViewz]

Got my House 6 years ago and with the loan, i didn’t have to pay for anything but the inspection.. it is real and im in a beach neighborhood…

[@SpartanONegative]

Excellent Information 😎Thank you for sharing with us. God Bless 🙏

[@TheRealWayneTurner]

Thank you.

[@coachkeem3466]

The authenticity and knowledge came through in this video! It didn’t feel like a sales pitch at all. Thank you so much for the information.

[@majorsingh8217]

Thanks Wayne you educate to us 🇺🇸🙏

[@bexlaviolette]

This is exactly how we bought our home, through an RD loan (Rural Developement loan). All we had to do was put down $1000 dollars towards a "good faith fee". AND it was so easy!

[@TheRealWayneTurner]

I love hearing peoples success stories! Awesome!

[@Casey-summer]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[@louie-rose7]

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

[@mellon-wrigley3]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@Buffet-walton22]

@@mellon-wrigley3 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@mellon-wrigley3]

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@disney-hefner]

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@AlbertoHernandez-lk5nk]

Can the home be purchased in a different state or does it have to be in the state you live in ??

[@austinbratton9973]

I got a VA home loan and they wanted 6k as an earnest payment and that was zero money down. Ill check this out

[@gracewalsh4908]

I'm a cash buyer, can I still get a good deal like this?

[@cgyang]

This is the first time I have ever heard about something like this. Thank you.

[@Viper3048]

My mom got a USDA loan and after 16 years when she went to sell it, she owed the same amount due to a loophole in the paperwork. She bought for $130k, sold it for $180k. She only owed $90k or so she thought. After selling, she only ended up with $40k. There's something really sketchy about those loans.

[@_Aimeesjourney]

40K is good to me

[@thelegendarykevininsales7589]

@@_Aimeesjourney$40k in 16 years is $2500 per year or $208.33 per month. Not good.

[@JoJo-vi6xx]

Dayyymmmm

[@lix057]

Life is like a video game. You’re just upgrading your character, gaining new skills, customizing, doing missions and quests haha. This will be my next quest. I’m almost 24 and starting to research how to buy a house :) thank you for this video! It’s kinda like a lil cheat code

[@JourneyToMy_Purpose]

Thank you for providing hope.

[@alphagaming7267]

im having issues finding a place to rent with my disablity

[@SheBakeCakes]

LORD HAVE MERCY!!WHERE HAVE YOU BEEN ALL MY ADULT LIFE!!I WILL BE 50 IN NOVEMBER.HAVE RENTED RAISING MY NOW ADULT KIDS AND HAVE BEEN CLUELESS ON HOW TO BECOME A FIRST TIME HOMEOWNER BEING A SINGLE MOTHER..MY INCOME IS LOW MODERATE BEING A 1099 SELF EMPLOYED THESE PAST 6 YEARS.SOMEONE SENT ME INFO ABOUT THIS SAME INFO YOU ARE SHARING AND WHEN I TELL YOU I HAVE BEEN CLUESS..I DONT KNOW WHAT I GOTTA DO BUT I AM HAPPY THAT I SUBSCRIBED AND FOUND YOUR CHANNEL BECAUSE I NEEDED INFO AND TO HEAR IT FROM SOMEONE WHO CAN EXPLAIN.IM IN METRO ATLANTA.IF I COULD I WONDER IF YOU CONSULT THOSE IN OTHER STATES??

[@Sora_Nai]

What’s up with the caps

[@SheBakeCakes]

@@Sora_Nai none of your business

[@amayes1527]

@@SheBakeCakesexplains the single mother part right there clear as day

[@gelflingmusic9428]

It don't work. Leest not in Alaska. I only qualify for 75,000 and that's not enough for any finished home. But the tax would be far too high anyway. Is there a program to get vacant land without a huge down-payment?

[@raptureready3015]

What a find! Thank you, KZbin algorithm!

[@officialentrepreneurscorner]

Wayne is telling the truth, my first home was a USDA loan over 24 years ago. I’m not sure but it used to be to be subsidized so once your income goes above a certain amount you may have back pay, I remember I lost a lot of equity on the house so basically it’s designed to keep you at a certain income level but it’s good for a low income earner. That’s the only downside

[@olababs2048]

So are u saying if you income increases in future the loan too increases?

[@officialentrepreneurscorner]

@@olababs2048 - The USDA subsidizes the payments based on income, so as your income increases they want you to payback the subsidized amount. For example, if you purchase a home for $200k and the mortgage payment (not including any escrow payments) is lets say $700 per month, and the subsidized portion of your payment is $150 per month, once your income exceeds the USDA threshold, lets say it was $50,000 per year (so your income became anything over $50k per year), you lose the $150 per month subsidization, which they reduce from the equity of the house, so for every years your income is over the $50k per year, you have to pay back that $150 per month subsidy. That's what happened to me, I purchased the home when my income was really low (my ex-wife and I was both in school so we didn't earn that much), but soon as our income after we finished school and got into our careers exceeded the income threshold per the USDA standards, we had to pay back any subsidy and our payments went up.

[@lelandmarrs9651]

The problem is I only make 25K a year. How would I pay a mortgage?

[@TheLadyaec]

Wondering if these houses qualify as collateral for more loans.

[@Herozonex200]

When youre 30 years old and you been saving money 5 years to actuslly save. Thanks paneemic. I would agree on buying a house 5 years ago but getting a house has skyrocket

[@antoinepowell649]

This information is gold

[@mississippiraisedwetyaline3980]

What if you have a job for 3 years but are planning on moving to different state and has to get another job and get another job and only been there a month does that still qualify

[@TT-co3gj]

You're completely ignoring the flip side of the coin . Let's talk about the PAYMENT after you go thru this nice $1000 down payment. You really need to be discussing debt income ratio and not pushing $1000 down payment philosophy. You're doing viewers an injustice by saying, " your mortgage lender will figure that out".

[@ASP2850]

They're doing themselves a disservice if they don't understand debt to income ratio before making any purchase, especially a large purchase like a home.

[@aeneaslime2968]

That's another video. Be nice

[@aeneaslime2968]

It's not left out. U jumping too fast. Listen

[@clementbonelli2882]

Right. 👉🏻👌🏻

[@jovi8277]

I am so frustrated cause of all this confusion. I can’t raise my credit…I’ve filed bankruptcy two years ago I’m a single mom with low income. I can’t see a way to buy a home so forget it

[@joshhoke5637]

I was able to raise my credit from low 500s to the upper 700s in 2 years just by getting a secured credit card and a couple loans that I paid off on time. And I don't know much about credit either.

[@tarnhill5890]

aren't interest rates somewhat higher for usda loans and with such a small down payment the monthly payment will be high. even so great video, love all the info.

[@heeldarrell]

An FDA loan serves the same purpose as a USDA loan for people that want to live in the city, it just costs more up front but serves the same purpose

[@laurapoodle]

But Wayne I’m on SSI a fixed income of $943 a month. I doubt they would qualify and the loan amount they give me it be very tough to find a home that meets the usda standards to get it approved

[@JLP1227]

Exactly ; it seems like there is never any info on how to get approved with Ss income

[@GZEPOL-gr2ml]

Are you saying that I do not have to put 3 1/2% down on a home I can put $1000 in it that’s it? Seems too good to be true. I would love to know more about this. Can you help me?

[@NapkinEdStern]

Can you get this type of loan if you already own a property?