Don't feel like you need to apologize for being REAL and human like millions of us. RESPECT for your honesty and sharing your wealth of knowledge so humbly with all us followers.
Naw the shame is, when that HAVC goes out and that homeowner has to go to Walmart and buy a box fan, while you just pick up the phone and call the leasing office.🤣🤣🤣🤣🤣🤣
Not if that homeowner is financially responsible and already has the money saved for repairs. A lot of us can actually repair the HVAC because we anticipate things like that happening.
Thanks home buying knowledge guy for your transparency and honest about your own situation. I am a renter too and I thank God for a roof over my head everyday.
Thanks for sharing and being so real & authentic. I get so much anxiety thinking of all the things that go into the whole home buying process, but you always explain things in such a clear & simplified way that makes it easier to understand & less intimidating. P.S. You have the perfect voice for ASMR ahah
Following gut instinct is so important. I am in a trailer and feel there is a lot of shame around trailers. However I have 2 bills, well water, a new jeep, and I only live with my kids and we are so happy and I have the most beautiful view on a hill overlooking a pond. Be at peace with where you are in everything you do. Love this.
@@yeswe_buy_houses1805 to bad you can't chase after happiness. You just have to be it. Been listening to Abraham hicks and reading Eckhart tolle. Very good points.
You are blessed and you are happy. The people that look down on you are not nice people and their opinion is not needed nor wanted. I actually am saving money to buy a mobile home cash. I already have land. I would rather not have a mortgage. Peace of mind is priceless other people's opinions are worthless.
I lurk this channel often, and to let you know... you have done so much to help me plan for my family’s future. I have studied your videos and I can’t tell you how valuable you are to our future. Your not alone, and you’re doing the work of Gods on here. I honestly can’t express in words how grateful I am you have made these videos for the public. We understand loans, PMI, debt to income, appraisals, etc. because you! You are a god send my friend. When we eventually buy a home, we will fly you, Javier V, and Cash Jordan out for the party! Thank you!
Thank you for this! I'm 34, single mom, building an empire that is completely unseen by my family and the world. I've been doing all the foundational "behind the scenes" work for 5 years. A lot of trail and error! A lot of learning and growing! A lot of just getting by... My younger sister is getting a house built and I can feel my family looking at me like dang, you suck... lol. It's a "rich mom poor mom" thing. I'm focused on building wealth and a legacy so I take risks. My sister is focused on consistent stability so on paper, it looks like she's the successful one and I'm a failure. Lol. One day, I will buy my dream home cash!
I feel ya, sister! Same here! Atleast you’ve started! I’ve been rebuilding and am finally at the point where I can start looking at investing. It’s definitely about delayed gratification and all about that empire!
I’m a therapist and I’m totally using , “ sometimes you have to take the frustration and rest in it “ with my clients ... (and myself 😉). Thank you so much for this video and everything about it!
I've always worn my renter's "badge" proudly knowing that I could always change the scene as I saw fit. Ask the 5.2 million renters in NYC why they rent and also why most don't own a car. Your possessions shouldn't define your happiness. Thanks for sharing!
You’re not alone and I also felt shame for not owning a house. I have learned to be patient and wait for the right opportunity. I love the area we currently live, but house prices are far out of our reach right now. In the meantime we save money and wait.
Same I rent and live 5 minutes from work and I know this area like the back of my hand. All these houses we could "afford" I have never been to those areas. AND I don't want to settle.
Some people can definitely buy a home but always remember that you need a good solid quality of life too. If you’re paying over 30% of your monthly income on just your house then eventually that high mortgage number will catch up to you and you will regret it. I am currently able to buy a house no problem but have decided to rent because the cost is extremely high and I would be paying around 60% of my current take home just to pay it. That is not comfortable living. Don’t make that mistake just cuz you want to feel like you’ve “made it”
Thank you for this video! It literally came at the perfect time! My husband and I just decided to put off trying to get our first home. Lenders kept saying we needed more and more money and that just isn't attainable right now even though we are aggressively saving. It has been for me telling myself "Well at 30 you should have had this by now, look at all the people you know your age and younger who have it, where did you go wrong?" But I have come to terms with it. We have a nice place we are renting, amazing price, great landlords so I can't complain too much. Just to have a little more space and a washer/dryer isn't worth having to pay a crazy mortgage payment just to say I have a house and prove myself to anyone. I will drop off my laundry instead and make myself feel better knowing I am still able to save money, repairs are fixed by my landlord, I don't have to deal with property taxes etc. Right now, I'm finally content with renting for a while longer.
It used to be more expensive to rent, but these insane home prices have changed that. We’re going to use this time to check out where we really would want to live instead of rushing to get whatever we can and it not being what we want or need.
My wife and I were pre-approved and we were looking at houses, but in our area the seller were asking for too much or it needed work. At the time, we had about 30k in student loans and it was always in the back of my mind that was telling me to pay it off first before buying. I knew it was going to be tough to pay off student loans and have a mortgage at the same time. So we paid off the student loans and will continue to rent for another year. Hopefully the market will be better by then.
I’ve been a renter all my life. I got serious about my credit about 3 or 4 years ago. My FICO scores, right now, ranges between 765 - 780. Every time I think of starting the home buying process, so much doubt and anxiety creeps in about the responsibilities of owning a home and then I start thinking that renting isn’t bad after all. Seeing my married friends struggle with their home doesn’t help at all and they both work and make decent money. I have over $20k saved up for a “rainy day”, 10 plus years at my job, the only child I pay for is a 2018 Chrysler 300. I have all of my credit cards at 0-9% utilization. I really don’t know when will the right time be for me to take that leap. Sigh 😔... lemme go 🏃🏾pay this rent for next month.
I’m single income, supporting 2 kids and partner/girlfriend on 52k. I live in Northern Cali. Got a great credit score recently and have some student debt. Can’t pay for child care so renting seems like the only option. Good thing is to be patient keep grinding and save up and roll with the punches.
We are in the exact same position! Literally everyone asks when are you going to buy? I answer with when we are ready. Owning a home is only part of our goals not the end goal. I felt shame because my husband has good income and everyone assumes so because of his career. But it's the 2 year income thing. It's so crazy!
It’s so stressful thinking about buying a home, I feel you on this one. With all the helpful advice you give out to the community, you deserve your dream home.
I live in NJ and rent I hope to buy soon but I am okay renting for now. I am thankful/ grateful to have a safe,clean place and a roof over my head all while working toward my goal of owning a home.Buying a Home in NJ unless you go to South Jersey is so hard.The taxes alone discourage me and make me want out of the State.
Thanks for opening up Kyle, really appreciate your honesty! I have no choice but to rent, but I did notice the look on people's faces when I say we're renting, and frankly, I don't care. BTW these same people are stuck in their houses and are unable to "upgrade" because of the current market, in other words they also have their frustrations. It's all about how you want to see things in life, glass half empty or half full.
Thank you for being authentic. And thank you for your words of encouragement. Sounds like you’re being patient and waiting for your best possible opportunity to make the move. You sir, are a voice of reason amongst chaos. I’m really enjoying the content that you’re putting out there. Keep up the good work, and thank you again for bringing a level head to a process that seems overwhelming. I too look forward to owning a home of my own, one day, but have no desire to leap into before I’m truly ready. Keep rocking it!
Win The House You Love!!!!!’ That’s Why I’m Renting When The Right House At The Right Price In The Right Location Comes Along I Will Be An Owner Again!!!💯🌈🌹
WHAT???!!! you made me buy a whole house LOL - :) well lemme get to closing in 2 weeks. Kyle, you've been great and this transparency proves more of your character and keeping things real. Thank you for everything.
I’m applying loan recently, I feel grateful to find your channel . I have been looking for home since 2018, how I feel about 2020? You know it. But we all need to find our happiness and joys to move on.
Thank you for This! we’ve been renting forever & I really never pushed to buy a home till now, the market insane & for a while I was feeling pressured and overwhelmed. I’m to the point where I’m starting to feel, we just need to continue to wait. I’m in no rush, our rent is affordable and the area we live is so convenient! Btw your voice is so relaxing 💗
I’ve been living in an apartment for the last 6 years. I’m done, I’m praying we can finally have our own home soon, my kids deserve a back yard to run in.
In spite of renting in a terrible building, I feel at peace having made the decision to wait to buy a house. The market is depressing, and I don't have cash to compete. I'm so glad I saw this and the "Losing Offers" video. I knew I had made the right decision, but it was still good to hear you talk about it. Thanks!
While I was living in New York, owning a home never seemed to be within my grasp. The last place I rented, I lived there for 10 years & never had my rent increased. You get comfortable especially when your apartment is huge compared to others in a great neighborhood. Fast forward to life in the Midwest, I just happened to stumble upon a listing an acquaintance was showing. It’s then I learned I could afford it with some effort on my part. It was nice to be able to call someone to fix things like toilets or appliances. I had to become a student on RUclips university ASAP!! Nothing wrong with renting if you’re still figuring out where you want to plant roots.
@@WinTheHouseYouLove So far, so good!! Finally starting to put my personal touch on it when I realized I don't have sign a lease or anything in another 6 months, lol.
I have been watching a lot of your videos recently because my fiancé and I are looking into buying. We are renting right now and our landlord dropped the bomb on us that he is going to be selling the house, and we are not wanting to be locked down in this house so we will be looking elsewhere. Renting is alright, but I honestly hate answering to landlords. I have 4 cats and most places don’t allow more than 2- if any at all! And I would never in a million years rehome them. My dad passed away 3 weeks ago and really wanted me to buy my own house so your videos have been helping me a lot in preparing- thank you!!
Renting for $1,195 including utilities! It is a beautiful location, out of town on a wooded mountain. I rent a remodeled basement and my landlord lives upstairs ( and she is awesome). I qualified this year for a mortgage, but my payment would be $1,900 a month. It makes more sense for me to wait and save $ with such cheap living . I didn’t qualify for more than $325K and in my area there are no homes in this price range. #happilyrenting
I am about to move to another apt, I thought It will be to my house but it looks like the process will me more slowly that what I thought just like you are saying, and I decide to make my new apt my home and enjoying that I have a roof under my head !!.. one time my house will appear and I will be able to buy it... thank you !!! I wish you the best and hope in the future we can all talk about our dream house !!!!
In this market renting is fine. Why rush into a house when you can wait for the market to fall a bit. Renting isn’t bad just take the taxes/maintenance costs and invest it your money will make the profit the housing market will or maybe close to. Just make sure if you buy a house seriously do your due diligence
I wish I had your smarts on how the mortgage/loan business goes. That’s so valuable! I’m such an inpatient person; my wife and I bought a home sort of quickly and we are now unhappy with it. Before you know it, you’ll be able to find your perfect home and buy it wisely. 👍 Awesome video!!
Yes, helpful to share! Renting is ok. Everyone has their own path and it IS OK. People need to respect that. I am in your situation too self-employed, making six figures but it doesn’t matter. They want those TWO YEARS.. Even after two years, your self-employment may not be high enough even after tax deductions since they only look at net and not gross income to qualify you. I am lucky and have a non-occupant cosigner who saved me. I made an offer on a house yesterday and it was accepted! I love your validation of peoples needs. You are so encouraging. Thank you!!
My comment is in the video? I've made it haha. Seriously though, thank you for sharing. I've been a little discouraged about being unable to find a home, but we will get there!
This is a super transparent and vulnerable video. You've been very helpful in the loan process with your extremely informative videos. I ended up getting a 2.5% FHA loan and decided to get lender credits and increase my interest rate slightly since I'll be refinancing in just a few years thanks to your advice. Hope you win the house you love whenever you're ready!
Loved this video...perfect timing as I renew my lease. Everything about this video was on point....the thumbnail, editing, lighting/music for storytime and best of all your advice. Thanks for being genuine and sharing your truth and letting us know it's ok to be renters. I'm so happy I found you and Javier....when the time comes to buy I'm going to have so much knowledge....can't thank you enough 💞
I'm renting because despite having two offers accepted, the sellers continued showing the properties during attorney review and used the other offers to start a bidding war even though I offered the asking price with no closing cost assistance. I even offered to forgo inspection (these were condos). Due to the lack of inventory and my proximity to NYC, there are too many buyers willing to pay way over asking for me to qualify as a first time home buyer.
Can you talk more about that employment requirement for a loan? Ever since 1) companies of a certain size were required to provide insurance and 2) minimum wage requirements have risen, more and more companies have just moved people to 1099. And some restart the 1099 contract for each job. Taxes for 1099 workers (as you probably know) are more expensive as is the cost of individual insurance (because we can’t get the discounts large companies have). What options do we have? I was thinking of using my down payment to buy land, then using that land as collateral to get a loan to build a house. Is this a way to get around that 2 year employee requirement?
It depends on the individual situation, which I may make a video on. Too many scenarios to cover in a comment reply, though. Self-employed people usually need to show a minimum of 2 years being self-employed to qualify.
I'm about to move back to my homestate and I'm looking to rent for the first time in my life. Ive owned two homes in my life, never rented. But in this market, I intend to wait for that moratorium to lift, and watch the house prices level back out or straight drop and pick up a sweet foreclosure deal. Thats the hope anyways.
That just means when you’re ready to buy a home it’ll be the best home for you at the best time!!! Going ahead & entering your entrepreneurship is probably the best time right now. Things are always working out better than we might realize!
I pay so little in rent that I know when I purchase a home I will be paying double my rent. The house marketing is really unappealing. I am not about the bidding war game and waiving inspection and etc. I’ll just continue to save money and eventually become a cash buyer. Lol 😂
I needed this video! I am a year out of college, getting married in May 2022 when my fiancé graduates and have been so stressed about buying now before the housing market grows even more in Dallas. But Im not ready to buy even if the market grows and I gotta accept it
I have the opposite problem of what I think everyone has and can’t find a solution. I have a 736 FICO. I’ve paid $1,400/mo renting the same apartment I’ve been in for 5 years with no late payments. I have $50,000 saved to buy a home. I have NO debt. My car is paid off, my cards have a $0 balance. You’d think banks would fight over me to lend but my income is too low. I live in an expensive area and can’t relocate and even though I’m paying what would be a mortgage/tax pymt every month, I don’t qualify. I feel like I’m stuck and all the work I do on my credit and saving is for absolutely nothing. I feel so defeated.
I love your transparency! Sometimes it is what works for you! I am a Real Estate broker. But in the beginning of my career I didn't own a home either. It was somewhat embarrassing for me as well. The first time I actually sat at a closing table was with my client. Lol.
We keep getting outbid in our area. We can't afford to compete right now which is heartbreaking because we are raising three small children in a really tiny space and there's no room to run around and we have to keep them quiet because of neighbors. We aren't even trying to find anything fancy, but we are losing all these basic starter homes to investors who are renting them out for more than the mortgages would have been. This is our home and we've been priced out.
I think it's so wise to really know and understand your reasons for either renting or buying. I've had friends try to encourage me to buy before I was ready -- I didn't feel like I had enough income or savings yet, but mostly, I didn't want to own a home by myself. There are a lot of reasons why it might not be right to buy, especially with this market, but cost and upkeep of a home all by myself have been the big reasons for me.
Thank you for this. I just walked away from a house after getting my offer accepted and completing my loan process because the seller was not committed and terminated their contract with their agent which meant I had to "resubmit" an offer that didn't include the agents name. The catch: the seller added $15k to the offer they initially had accepted! And this house is not in any way move in ready. I walked- feel terrible about it- and am coming to terms with knowing that 1) I can/will find another place 2) I'm stable enough to even look for a home during these times 3) I'm renting in a house that I really enjoy with my 5 y/o and all of our needs are met. I'm grateful and continue to stay focused on my goal of finding a home.
This video was right on time! Thank you for your humility Kyle. I'm sure it resonates with a lot of folks, including myself. The saying goes "Do what you have to do, so you can later do what you want to do."
Everyone's situation is different. I don't feel shame at all because its not my time. Your right - no one should feel shame for renting if they are moving in the right direction to buy when it is their time😎
Thank you for sharing! I rent too and have been scrimping and saving so long for a down payment. Like you, prices are skyrocketing in my area (MA) so I’m just going to keep waiting and saving. I don’t want to spend what the prices are right now.
There is absolutely no shame in renting. To be able to keep a roof over your head is quite an accomplishment. I am currently saving up for my down payment and closing cost, which is not cheap! I'm hoping to buy a home in 2023, if it's back to a buyer's market by then.
Thank you so much for that video. Yesterday, my husband and I were having the conversation of having to keep renting. Our credit score is still not good enough for the mortgage rate we would like and there’s so much competition with the housing in Central Florida, it’s a bit overwhelming. As much as I would’ve liked to buy my home by this summer and have something to invest in for my children it’s just not realistic at this point but you made me feel so much better about renting. Ranting always made me cringe in the thought that I felt I was wasting my money.
I totally understand your frustration I’m a realtor and have been a 1099 for a while and this year I just became a broker and starting my own business so my clock just started over again too 🙄 so I too share the same shame or guilt in helping so many people get their dream home and I can’t qualify myself. This video really helped me thanks so much for sharing and being transparent.
You Mr. Seagraves are a treasure! You’ve outdone yourself yet again!! Your vulnerability and love of others is a truly beautiful gift to this community. Thankful for you! Ps- Im not disappointed! Im not following a guru w/ mansions & yachts but a cutie w/a kitty and a heart of gold!! 😻💛🎶☺️
Very helpful! I am right there with you. I am from Texas and I’m saving up and getting things right first. I am also not crazy about having to hire people to fix things .
I'm a real estate agent in nyc and I still rent because the city is so expensive. My rent is actually affordable so if I were to buy, my monthly costs will likely doubl e. I will have to make a hard decision in the next 5 yrs if it's even worth staying in the city.
Great video. I am renting because I have to and will be 50 this year. I don't qualify for various reasons but have decent credit scores that I am improving. At least I am able to live alone with out roommates who don't know or close with. I don't want to rent forever and my situation be self imploded to qualify.
Hi. I had several credit cards that I have paid off and now have a zero balance. I have left the accounts open to help with my credit score but it now appears that those would also be factored into my DTI even though they are paid off? So do you recommend me closing them out and watching my credit score drop or Leaving them open and effecting my DTI?
I don't know how credit score can affect your DTI. Credit score is your payment history and DTI is your debt payment capacity. If you already paid all your debt promptly, credit score will go up and you will be free from monthly obligations. That means, DTI will also go down (DTI should not be more that 28%)
@@WinTheHouseYouLove I didn’t mean that they had anything to do with each other. It was my understanding that your credit score and DTI were the two biggest factors in determining if you would qualify for a loan and for how much so I was deciding which way to play it, But I just received some information that I was wrong in my thinking and that as long as my credit cards have a zero balance it doesn’t get factored in to my DTI and that I should just leave the cards open for now
Currently renting is cheaper than buying in my area. Rent is easily under $1000/mon. Can't touch a home under $1000/mon. We pay less than $1/sqft per month to rent. Renting offers a lot more time to spend outside of work. No equipment to buy (lawn gear, fixtures, paint etc) constantly pulling money out of your wallet. Mortgages are affordable but the taxes are the killer (NY state). When home prices hopefully come back down to reasonable levels, we'll look again.
The large percentage down is what makes me feel queezy. When if you just want to rent a home with a nice back yard in a nice neighborhood you can afford. All they ask for is is first and last to move in.
Yes. Covid has changed our work experience. Now homes are going for so much. What I could have qualified before I can’t now. I agree my landlord wants top dollar. Things he said he was going to fix at 50,000 less he is no longer fixing. I feel I can get more for my somewhere else but the housing market is scarce. Decisions!?
After renting for a long time and finally owning a home, I don't think I could rent again. The freedom and sense of ownership are things I don't want to give up again. But there are drawbacks of course. Maintenance, upkeep, risk of market crashes, inability to easily move if you have a crazy neighbor, etc. But ultimately I don't like sleeping in someone else's house. One thing I've noticed about FTHBs is that they seem to expect too much. They 'feel' for some reason they should get a 2500-3000 sqft home with a big yard, upgraded kitchen, bath etc. for 2010 prices. That they're 'owed' it, and won't 'settle' for less. They need to learn that rarely is a first home a final home, and the market owes them nothing. - WW
Sorry I'm not a RUclips guru with 3 mansions and 4 yachts lol
No. You're human like the rest of us. You've earned more respect by being transparent and encouraging others.
Don't feel like you need to apologize for being REAL and human like millions of us. RESPECT for your honesty and sharing your wealth of knowledge so humbly with all us followers.
I'm surprised that you don't want a 3 bedroom house. As a RUclipsr you could turn a room into your recording studio and gain a tax credit.
That's why we 🥰🥰 so much!!
It was the 👏👏for me!💯😉
Naw the shame is, when that HAVC goes out and that homeowner has to go to Walmart and buy a box fan, while you just pick up the phone and call the leasing office.🤣🤣🤣🤣🤣🤣
FACTS! 😁
Not if that homeowner is financially responsible and already has the money saved for repairs. A lot of us can actually repair the HVAC because we anticipate things like that happening.
Hahah yes!!!
Facts!!!
Not that automatic here. Has to be approved.
I'm renting by choice because my rent is 15% of my monthly income w/ heat, hot water, sanitation, snow removal and landscaping included.
But you cant paint the walls when you want to and you cant make nosie when. You want to and you cant play music after 9pm...etc...
@@sirbey9608 Funny you say this because I'm sitting here at 9:40p and my husband's playing guitar. Also, I've painted here several times.
You need a roommate? lol
@@WinTheHouseYouLove 😂😂
Same here! I live in a house share situation and my rent is super low! No reason to move now. Just continuing to save and monitor the market.
The beginning was hilarious. But it was the clap for story time and jazz music for me 😂
Thanks for being transparent! A lot of us here can relate.
Yep that mood lighting and smooth jazz is going to really get to Javier. 🤣🤣
Thank you so much for watching!! :)
Thanks home buying knowledge guy for your transparency and honest about your own situation. I am a renter too and I thank God for a roof over my head everyday.
Thank you so much for watching!! :)
Thanks for sharing and being so real & authentic. I get so much anxiety thinking of all the things that go into the whole home buying process, but you always explain things in such a clear & simplified way that makes it easier to understand & less intimidating. P.S. You have the perfect voice for ASMR ahah
Thank you!! I have an ASMR video buried in this channel 👀🙊
@@WinTheHouseYouLove yummm
@@WinTheHouseYouLove You have what?!
Me: -goes digging to find the ASMR
Vulnerability is the birthplace of courage. Thank you for sharing your story.
Absolutely, thank you!
Following gut instinct is so important. I am in a trailer and feel there is a lot of shame around trailers. However I have 2 bills, well water, a new jeep, and I only live with my kids and we are so happy and I have the most beautiful view on a hill overlooking a pond. Be at peace with where you are in everything you do. Love this.
🎯💯💯👍👍💪🙏❤✌💵😇I know that's RIGHT!!🤔🤗
Happy is the one thing everyone is chasing after. Buying a home is probably the third thing on the list
@@yeswe_buy_houses1805 to bad you can't chase after happiness. You just have to be it. Been listening to Abraham hicks and reading Eckhart tolle. Very good points.
Thank you for sharing!!
You are blessed and you are happy. The people that look down on you are not nice people and their opinion is not needed nor wanted. I actually am saving money to buy a mobile home cash. I already have land. I would rather not have a mortgage. Peace of mind is priceless other people's opinions are worthless.
I lurk this channel often, and to let you know... you have done so much to help me plan for my family’s future. I have studied your videos and I can’t tell you how valuable you are to our future.
Your not alone, and you’re doing the work of Gods on here. I honestly can’t express in words how grateful I am you have made these videos for the public.
We understand loans, PMI, debt to income, appraisals, etc. because you! You are a god send my friend. When we eventually buy a home, we will fly you, Javier V, and Cash Jordan out for the party!
Thank you!
Thank you so much for sharing, I'm so glad to help!!!
@@WinTheHouseYouLove you are helping families build generational wealth. Your presence on this earth is priceless. Keep your head up!
Thank you for this! I'm 34, single mom, building an empire that is completely unseen by my family and the world. I've been doing all the foundational "behind the scenes" work for 5 years. A lot of trail and error! A lot of learning and growing! A lot of just getting by... My younger sister is getting a house built and I can feel my family looking at me like dang, you suck... lol. It's a "rich mom poor mom" thing. I'm focused on building wealth and a legacy so I take risks. My sister is focused on consistent stability so on paper, it looks like she's the successful one and I'm a failure. Lol. One day, I will buy my dream home cash!
Thank you so much for watching!! :)
I feel ya, sister! Same here! Atleast you’ve started! I’ve been rebuilding and am finally at the point where I can start looking at investing. It’s definitely about delayed gratification and all about that empire!
I just recently decided to put off buying a house until the market is in a better shape for a first time buyer.
First time buyer or underprepared?
@@Dom-pi1gj First time. This is a forever home market.
It’s just gonna keep getting worse. The market will never fall
@@jacobinite2384 You must be young and not understand Financial cycles. All Markets have a Blow off top then fall hard for a time then run again.
Good idea this is not amateur hour unless ur absolutely prepared 20% down payment 3-6 month emergency fund etc ur time will come 😊
Thumbnail is next level
Thank you!!!
Right ! 😂
I’m a therapist and I’m totally using , “ sometimes you have to take the frustration and rest in it “ with my clients ... (and myself 😉). Thank you so much for this video and everything about it!
Best compliment ever!! Thank you for watching!
I’m a school counselor and I’m definitely using it myself too. This was a gem.
I've always worn my renter's "badge" proudly knowing that I could always change the scene as I saw fit. Ask the 5.2 million renters in NYC why they rent and also why most don't own a car. Your possessions shouldn't define your happiness. Thanks for sharing!
Great perspective, thank you for sharing!
@omarvazquez2748 same here, my friend, I have no shame in being a renter. To me, it's much less stressful & more enjoyable.
How timely this is for me. You are so reassuring. This was cathartic.
Thank you so much for watching!! :)
Oh my god that “Jesus Christ “ kid I had to watch a few times! Hilarious 😂
LOL
YES I love that Vine!!
You’re not alone and I also felt shame for not owning a house. I have learned to be patient and wait for the right opportunity. I love the area we currently live, but house prices are far out of our reach right now. In the meantime we save money and wait.
Thank you so much for watching!! :)
Same I rent and live 5 minutes from work and I know this area like the back of my hand. All these houses we could "afford" I have never been to those areas. AND I don't want to settle.
@@angie21moon exactly!
That is really awesome of you to share that with us, thank you. It's hard to be patient and I am trying!
It's tough, hang in there!!
That storytime transition was dooooope!!
Thank youuuuu
This is perfect, I'm so tired of hearing that I'm wasting money...gotta live somewhere. I'll get there when the time and the market is right
Thank you so much for watching!! :)
Some people can definitely buy a home but always remember that you need a good solid quality of life too. If you’re paying over 30% of your monthly income on just your house then eventually that high mortgage number will catch up to you and you will regret it. I am currently able to buy a house no problem but have decided to rent because the cost is extremely high and I would be paying around 60% of my current take home just to pay it. That is not comfortable living. Don’t make that mistake just cuz you want to feel like you’ve “made it”
Love the transparency !
Thank you sir!
Thank you for this video! It literally came at the perfect time! My husband and I just decided to put off trying to get our first home. Lenders kept saying we needed more and more money and that just isn't attainable right now even though we are aggressively saving. It has been for me telling myself "Well at 30 you should have had this by now, look at all the people you know your age and younger who have it, where did you go wrong?" But I have come to terms with it. We have a nice place we are renting, amazing price, great landlords so I can't complain too much. Just to have a little more space and a washer/dryer isn't worth having to pay a crazy mortgage payment just to say I have a house and prove myself to anyone. I will drop off my laundry instead and make myself feel better knowing I am still able to save money, repairs are fixed by my landlord, I don't have to deal with property taxes etc. Right now, I'm finally content with renting for a while longer.
Thank you for sharing!!
It used to be more expensive to rent, but these insane home prices have changed that. We’re going to use this time to check out where we really would want to live instead of rushing to get whatever we can and it not being what we want or need.
Thank you so much for watching!! :)
My wife and I were pre-approved and we were looking at houses, but in our area the seller were asking for too much or it needed work. At the time, we had about 30k in student loans and it was always in the back of my mind that was telling me to pay it off first before buying. I knew it was going to be tough to pay off student loans and have a mortgage at the same time. So we paid off the student loans and will continue to rent for another year. Hopefully the market will be better by then.
amazing job!!
@@blessedwifeandmama thank you!!
My wife and I did the same thing! Now we have a better DTI!!!
Congrats! It's tough out there!!
I’ve been a renter all my life. I got serious about my credit about 3 or 4 years ago. My FICO scores, right now, ranges between 765 - 780. Every time I think of starting the home buying process, so much doubt and anxiety creeps in about the responsibilities of owning a home and then I start thinking that renting isn’t bad after all. Seeing my married friends struggle with their home doesn’t help at all and they both work and make decent money. I have over $20k saved up for a “rainy day”, 10 plus years at my job, the only child I pay for is a 2018 Chrysler 300. I have all of my credit cards at 0-9% utilization. I really don’t know when will the right time be for me to take that leap. Sigh 😔... lemme go 🏃🏾pay this rent for next month.
Sounds like you've put in a ton of great work!!
@@WinTheHouseYouLove ... Yes! Lots of hard work and discipline. 😁
Most Authentic RUclips Channel !!!
Thank you so much for watching!! :)
I’m single income, supporting 2 kids and partner/girlfriend on 52k. I live in Northern Cali. Got a great credit score recently and have some student debt. Can’t pay for child care so renting seems like the only option. Good thing is to be patient keep grinding and save up and roll with the punches.
Thank you for sharing!! Hang in there with the plan, it will work out :)
Yes!
I'm renting in sonoma county sheesh
Much respect for you!! Thank you for being open and transparent! That's exactly why I subscribed months ago!👍🏼👍🏼
Awesome! Thank you!
I'm in the same position - good credit, have a nice down payment but my "clock" restarted once I left the "9-5". Patience is key though.
Patience is always key :) Thank you for watching :)
We are in the exact same position! Literally everyone asks when are you going to buy? I answer with when we are ready. Owning a home is only part of our goals not the end goal.
I felt shame because my husband has good income and everyone assumes so because of his career. But it's the 2 year income thing. It's so crazy!
It is, hang in there and stick to your plan. I'm with you :)
It’s so stressful thinking about buying a home, I feel you on this one. With all the helpful advice you give out to the community, you deserve your dream home.
Thank you!
I live in NJ and rent I hope to buy soon but I am okay renting for now. I am thankful/ grateful to have a safe,clean place and a roof over my head all while working toward my goal of owning a home.Buying a Home in NJ unless you go to South Jersey is so hard.The taxes alone discourage me and make me want out of the State.
Thank you so much for watching!! :)
The transition & music = A vibe
Love all of your videos☀️🌴
Thank you so much!!
You’re almost like my therapist dude! Thank you so much for the amazing and informative content. Keep it up!
Hahah love it! Thank you for watching!
Thanks for opening up Kyle, really appreciate your honesty! I have no choice but to rent, but I did notice the look on people's faces when I say we're renting, and frankly, I don't care. BTW these same people are stuck in their houses and are unable to "upgrade" because of the current market, in other words they also have their frustrations. It's all about how you want to see things in life, glass half empty or half full.
Thank you for sharing your experience!!
Thank you for being authentic. And thank you for your words of encouragement. Sounds like you’re being patient and waiting for your best possible opportunity to make the move. You sir, are a voice of reason amongst chaos. I’m really enjoying the content that you’re putting out there. Keep up the good work, and thank you again for bringing a level head to a process that seems overwhelming. I too look forward to owning a home of my own, one day, but have no desire to leap into before I’m truly ready. Keep rocking it!
Thank you so much!!
Win The House You Love!!!!!’ That’s Why I’m Renting When The Right House At The Right Price In The Right Location Comes Along I Will Be An Owner Again!!!💯🌈🌹
Thank you so much for watching!! :)
Thanks for your honesty and transparency. Your openness was really encouraging to me. It helped reduce the shame and frustration I have in renting.
Thank you and best of luck! :)
The beginning was so hilarious to me 😂
That Vine gets me every time 🤣
Me too 😅🤣
WHAT???!!! you made me buy a whole house LOL - :) well lemme get to closing in 2 weeks. Kyle, you've been great and this transparency proves more of your character and keeping things real. Thank you for everything.
Hahahaha oops!!
Thanks so much for watching!!
I’m applying loan recently, I feel grateful to find your channel . I have been looking for home since 2018, how I feel about 2020? You know it. But we all need to find our happiness and joys to move on.
Thank you so much for watching!! :)
Thank you for This! we’ve been renting forever & I really never pushed to buy a home till now, the market insane & for a while I was feeling pressured and overwhelmed. I’m to the point where I’m starting to feel, we just need to continue to wait. I’m in no rush, our rent is affordable and the area we live is so convenient! Btw your voice is so relaxing 💗
Thank you so much for watching!! :)
I’ve been living in an apartment for the last 6 years. I’m done, I’m praying we can finally have our own home soon, my kids deserve a back yard to run in.
Mrs. Diaz:
No excuse!
Just rent a house. I've done it, no big deal. Make sure that you've done your homework and negotiate the lease.
Wishing you the best!
New Homes now don’t even have that much backyard ☹️
@@rabmakz2564
It depends on where you are. Here in Southeastern Michigan we have decent backyards for new construction homes...basements too.
In spite of renting in a terrible building, I feel at peace having made the decision to wait to buy a house. The market is depressing, and I don't have cash to compete. I'm so glad I saw this and the "Losing Offers" video. I knew I had made the right decision, but it was still good to hear you talk about it. Thanks!
Thanks for watching. :) I think you are already ready for this: ruclips.net/video/xBtKMup3jVE/видео.html&lc=Ugyj3hGh29w42K928NR4AaABAg.
I appreciate the honesty! No one should be shamed if they rent because they need or want to.
Thank you so much for watching!! :)
While I was living in New York, owning a home never seemed to be within my grasp. The last place I rented, I lived there for 10 years & never had my rent increased. You get comfortable especially when your apartment is huge compared to others in a great neighborhood.
Fast forward to life in the Midwest, I just happened to stumble upon a listing an acquaintance was showing. It’s then I learned I could afford it with some effort on my part.
It was nice to be able to call someone to fix things like toilets or appliances. I had to become a student on RUclips university ASAP!! Nothing wrong with renting if you’re still figuring out where you want to plant roots.
Thank you so much for sharing my friend!! I hope the new home is still lovely!
@@WinTheHouseYouLove So far, so good!! Finally starting to put my personal touch on it when I realized I don't have sign a lease or anything in another 6 months, lol.
thanks for your authenticity. I've learned so much from your channel for when I am ready to buy my own home.
Thank you so much for watching!! :)
I have been watching a lot of your videos recently because my fiancé and I are looking into buying. We are renting right now and our landlord dropped the bomb on us that he is going to be selling the house, and we are not wanting to be locked down in this house so we will be looking elsewhere. Renting is alright, but I honestly hate answering to landlords. I have 4 cats and most places don’t allow more than 2- if any at all! And I would never in a million years rehome them. My dad passed away 3 weeks ago and really wanted me to buy my own house so your videos have been helping me a lot in preparing- thank you!!
This is touching. Thank you for your complement. Good Luck!
Respect for being such a open and humble person. You are a true inspiration homie.
Thanks!
Renting for $1,195 including utilities! It is a beautiful location, out of town on a wooded mountain. I rent a remodeled basement and my landlord lives upstairs ( and she is awesome). I qualified this year for a mortgage, but my payment would be $1,900 a month. It makes more sense for me to wait and save $ with such cheap living . I didn’t qualify for more than $325K and in my area there are no homes in this price range. #happilyrenting
Thank you for sharing!
I am about to move to another apt, I thought It will be to my house but it looks like the process will me more slowly that what I thought just like you are saying, and I decide to make my new apt my home and enjoying that I have a roof under my head !!.. one time my house will appear and I will be able to buy it... thank you !!! I wish you the best and hope in the future we can all talk about our dream house !!!!
That's great, thank you for sharing!
Thank you for the transparency I really appreciate it man
Thank you Jimmy!
In this market renting is fine. Why rush into a house when you can wait for the market to fall a bit. Renting isn’t bad just take the taxes/maintenance costs and invest it your money will make the profit the housing market will or maybe close to. Just make sure if you buy a house seriously do your due diligence
Thanks for sharing Kyle. It is also much harder to purchase on a one persons income compared to a dual income like most people do.
For sure, I'm thinking about a video on that soon :)
@@WinTheHouseYouLove pls do 🙏🏽 thank you 😊
I wish I had your smarts on how the mortgage/loan business goes. That’s so valuable! I’m such an inpatient person; my wife and I bought a home sort of quickly and we are now unhappy with it. Before you know it, you’ll be able to find your perfect home and buy it wisely. 👍 Awesome video!!
It's all a process of learning and unfolding! Thank you!
Yes, helpful to share! Renting is ok. Everyone has their own path and it IS OK. People need to respect that. I am in your situation too self-employed, making six figures but it doesn’t matter. They want those TWO YEARS.. Even after two years, your self-employment may not be high enough even after tax deductions since they only look at net and not gross income to qualify you. I am lucky and have a non-occupant cosigner who saved me. I made an offer on a house yesterday and it was accepted! I love your validation of peoples needs. You are so encouraging. Thank you!!
For sure!! Thank you for sharing your experience!!
My comment is in the video? I've made it haha. Seriously though, thank you for sharing. I've been a little discouraged about being unable to find a home, but we will get there!
Haha yes! Thank you for sharing why you rent :)
This is a super transparent and vulnerable video. You've been very helpful in the loan process with your extremely informative videos. I ended up getting a 2.5% FHA loan and decided to get lender credits and increase my interest rate slightly since I'll be refinancing in just a few years thanks to your advice. Hope you win the house you love whenever you're ready!
Congrats! Thank you!!
Loved this video...perfect timing as I renew my lease. Everything about this video was on point....the thumbnail, editing, lighting/music for storytime and best of all your advice. Thanks for being genuine and sharing your truth and letting us know it's ok to be renters. I'm so happy I found you and Javier....when the time comes to buy I'm going to have so much knowledge....can't thank you enough 💞
Thank you so much Linda!!
I'm renting because despite having two offers accepted, the sellers continued showing the properties during attorney review and used the other offers to start a bidding war even though I offered the asking price with no closing cost assistance. I even offered to forgo inspection (these were condos). Due to the lack of inventory and my proximity to NYC, there are too many buyers willing to pay way over asking for me to qualify as a first time home buyer.
Thank you for sharing!
Can you talk more about that employment requirement for a loan? Ever since 1) companies of a certain size were required to provide insurance and 2) minimum wage requirements have risen, more and more companies have just moved people to 1099. And some restart the 1099 contract for each job. Taxes for 1099 workers (as you probably know) are more expensive as is the cost of individual insurance (because we can’t get the discounts large companies have). What options do we have? I was thinking of using my down payment to buy land, then using that land as collateral to get a loan to build a house. Is this a way to get around that 2 year employee requirement?
It depends on the individual situation, which I may make a video on. Too many scenarios to cover in a comment reply, though.
Self-employed people usually need to show a minimum of 2 years being self-employed to qualify.
I'm about to move back to my homestate and I'm looking to rent for the first time in my life. Ive owned two homes in my life, never rented. But in this market, I intend to wait for that moratorium to lift, and watch the house prices level back out or straight drop and pick up a sweet foreclosure deal. Thats the hope anyways.
Dont worry about it...when i rent i learn more and i stay updated on information. I love helping people.
Thank you so much for watching!! :)
That just means when you’re ready to buy a home it’ll be the best home for you at the best time!!! Going ahead & entering your entrepreneurship is probably the best time right now. Things are always working out better than we might realize!
Thank you :)
I pay so little in rent that I know when I purchase a home I will be paying double my rent. The house marketing is really unappealing. I am not about the bidding war game and waiving inspection and etc. I’ll just continue to save money and eventually become a cash buyer. Lol 😂
Here a decent rental is more than a mortgage
Thank you for sharing!!
I needed this video! I am a year out of college, getting married in May 2022 when my fiancé graduates and have been so stressed about buying now before the housing market grows even more in Dallas. But Im not ready to buy even if the market grows and I gotta accept it
Thank you so much for watching!! :)
I have the opposite problem of what I think everyone has and can’t find a solution. I have a 736 FICO. I’ve paid $1,400/mo renting the same apartment I’ve been in for 5 years with no late payments. I have $50,000 saved to buy a home. I have NO debt. My car is paid off, my cards have a $0 balance. You’d think banks would fight over me to lend but my income is too low. I live in an expensive area and can’t relocate and even though I’m paying what would be a mortgage/tax pymt every month, I don’t qualify. I feel like I’m stuck and all the work I do on my credit and saving is for absolutely nothing. I feel so defeated.
I'm sorry it's been tough! :(
I love your transparency! Sometimes it is what works for you! I am a Real Estate broker. But in the beginning of my career I didn't own a home either. It was somewhat embarrassing for me as well. The first time I actually sat at a closing table was with my client. Lol.
Thank you for sharing!!
We keep getting outbid in our area. We can't afford to compete right now which is heartbreaking because we are raising three small children in a really tiny space and there's no room to run around and we have to keep them quiet because of neighbors. We aren't even trying to find anything fancy, but we are losing all these basic starter homes to investors who are renting them out for more than the mortgages would have been. This is our home and we've been priced out.
Sorry to hear that, but don't lose hope.
That was me but now I made it. Finally financially and mentally ready for homeownership 🙌🏾
Sometimes in life, you need to make sacrifices. No shame in realizing that and actually putting in the work short term to get what you want long term.
For sure
I think it's so wise to really know and understand your reasons for either renting or buying. I've had friends try to encourage me to buy before I was ready -- I didn't feel like I had enough income or savings yet, but mostly, I didn't want to own a home by myself. There are a lot of reasons why it might not be right to buy, especially with this market, but cost and upkeep of a home all by myself have been the big reasons for me.
You're awesome... 💘the transparency. Home buying seems like an unreachable dream especially in Dallas.
You can do it!
Thank you for this. I just walked away from a house after getting my offer accepted and completing my loan process because the seller was not committed and terminated their contract with their agent which meant I had to "resubmit" an offer that didn't include the agents name. The catch: the seller added $15k to the offer they initially had accepted! And this house is not in any way move in ready. I walked- feel terrible about it- and am coming to terms with knowing that 1) I can/will find another place 2) I'm stable enough to even look for a home during these times 3) I'm renting in a house that I really enjoy with my 5 y/o and all of our needs are met. I'm grateful and continue to stay focused on my goal of finding a home.
Thank you for sharing! It's great to hear you trusted your intuition :)
This video was right on time! Thank you for your humility Kyle. I'm sure it resonates with a lot of folks, including myself. The saying goes "Do what you have to do, so you can later do what you want to do."
Glad it was helpful!
That lighting switch up was 🔥🔥🔥🔥🔥
Thank you!!
Everyone's situation is different. I don't feel shame at all because its not my time. Your right - no one should feel shame for renting if they are moving in the right direction to buy when it is their time😎
Thank you so much for watching!! :)
@@WinTheHouseYouLove No problem! Your channel is very essential for learning about the home buying process.
Thank you for your honesty. LOVE your channel fam!
Thank you!
Thank you for sharing! I rent too and have been scrimping and saving so long for a down payment. Like you, prices are skyrocketing in my area (MA) so I’m just going to keep waiting and saving. I don’t want to spend what the prices are right now.
Thank you so much for watching!! :)
There is absolutely no shame in renting. To be able to keep a roof over your head is quite an accomplishment. I am currently saving up for my down payment and closing cost, which is not cheap! I'm hoping to buy a home in 2023, if it's back to a buyer's market by then.
For sure. Thank you so much for watching!! :)
Thank you so much for that video. Yesterday, my husband and I were having the conversation of having to keep renting. Our credit score is still not good enough for the mortgage rate we would like and there’s so much competition with the housing in Central Florida, it’s a bit overwhelming. As much as I would’ve liked to buy my home by this summer and have something to invest in for my children it’s just not realistic at this point but you made me feel so much better about renting. Ranting always made me cringe in the thought that I felt I was wasting my money.
Thank you for sharing!!
That opening man...LOL 😆 🤣 😂
Hahaha that Vine gets me every time!
@@WinTheHouseYouLove Brother, I can't stop laughing at that one. That was epic 😅
I'm so glad you made this video. Thank you.
Glad you enjoyed it!
I totally understand your frustration I’m a realtor and have been a 1099 for a while and this year I just became a broker and starting my own business so my clock just started over again too 🙄 so I too share the same shame or guilt in helping so many people get their dream home and I can’t qualify myself. This video really helped me thanks so much for sharing and being transparent.
Thank you!!
You Mr. Seagraves are a treasure! You’ve outdone yourself yet again!! Your vulnerability and love of others is a truly beautiful gift to this community. Thankful for you!
Ps- Im not disappointed! Im not following a guru w/ mansions & yachts but a cutie w/a kitty and a heart of gold!! 😻💛🎶☺️
Thank you!!!
Very helpful! I am right there with you. I am from Texas and I’m saving up and getting things right first. I am also not crazy about having to hire people to fix things .
Thank you so much for watching!! :)
Thanks for sharing Kyle! Don't beat yourself up. I can relate as it took me 5 years of being in the business myself before I bought my first home :)
Thank you!
The double clap ambiance change for the win 🥳
I'm a real estate agent in nyc and I still rent because the city is so expensive. My rent is actually affordable so if I were to buy, my monthly costs will likely doubl e. I will have to make a hard decision in the next 5 yrs if it's even worth staying in the city.
NYC is TOUGH
Great video. I am renting because I have to and will be 50 this year. I don't qualify for various reasons but have decent credit scores that I am improving. At least I am able to live alone with out roommates who don't know or close with. I don't want to rent forever and my situation be self imploded to qualify.
Thank you for sharing!!
Stunning and Brave 👏 I applaud your HONESTY sir 👏
Thank you so much for watching!! :)
Hi. I had several credit cards that I have paid off and now have a zero balance. I have left the accounts open to help with my credit score but it now appears that those would also be factored into my DTI even though they are paid off? So do you recommend me closing them out and watching my credit score drop or Leaving them open and effecting my DTI?
I don't know how credit score can affect your DTI. Credit score is your payment history and DTI is your debt payment capacity. If you already paid all your debt promptly, credit score will go up and you will be free from monthly obligations. That means, DTI will also go down (DTI should not be more that 28%)
@@WinTheHouseYouLove I didn’t mean that they had anything to do with each other. It was my understanding that your credit score and DTI were the two biggest factors in determining if you would qualify for a loan and for how much so I was deciding which way to play it, But I just received some information that I was wrong in my thinking and that as long as my credit cards have a zero balance it doesn’t get factored in to my DTI and that I should just leave the cards open for now
I’m so glad I found your channel. Thank you for being so genuine! ❤️
Thank you so much!!
Currently renting is cheaper than buying in my area. Rent is easily under $1000/mon. Can't touch a home under $1000/mon. We pay less than $1/sqft per month to rent. Renting offers a lot more time to spend outside of work. No equipment to buy (lawn gear, fixtures, paint etc) constantly pulling money out of your wallet. Mortgages are affordable but the taxes are the killer (NY state). When home prices hopefully come back down to reasonable levels, we'll look again.
Thank you for sharing!
Yess ! I definitely don’t want my first home to need work ! I used to think I was wrong for that 😭
You're not wrong at all!
The large percentage down is what makes me feel queezy. When if you just want to rent a home with a nice back yard in a nice neighborhood you can afford. All they ask for is is first and last to move in.
Thank you so much for watching!! :)
Exactly
Yes. Covid has changed our work experience. Now homes are going for so much. What I could have qualified before I can’t now. I agree my landlord wants top dollar. Things he said he was going to fix at 50,000 less he is no longer fixing. I feel I can get more for my somewhere else but the housing market is scarce. Decisions!?
Sorry it's been tough :(
After renting for a long time and finally owning a home, I don't think I could rent again. The freedom and sense of ownership are things I don't want to give up again. But there are drawbacks of course. Maintenance, upkeep, risk of market crashes, inability to easily move if you have a crazy neighbor, etc. But ultimately I don't like sleeping in someone else's house.
One thing I've noticed about FTHBs is that they seem to expect too much. They 'feel' for some reason they should get a 2500-3000 sqft home with a big yard, upgraded kitchen, bath etc. for 2010 prices. That they're 'owed' it, and won't 'settle' for less. They need to learn that rarely is a first home a final home, and the market owes them nothing. - WW
Thank you for sharing!! Great perspective :)
Don’t feel like a fraud we appreciate the information so much 🙏🏾 I do 😩 I’m PRAYING for a new home this year
Thank you so much for watching!! :)