Latest / Earn Your Leisure / Different Types of Home Loans, House Hacking Explained, & Buying Real Estate for Couples

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Different Types of Home Loans, House Hacking Explained, & Buying Real Estate for Couples · Earn Your Leisure

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• 1:51
  Speaker 3: Because yes, once we get pre qualified, preapproved, now we
• 1:55
  Speaker 3: need to figure out what type of loans we should
• 1:57
  Speaker 3: be looking for, right, So let's talk about let's get
• 1:59
  Speaker 3: into that because there's different programs for different people who
• 2:03
  Speaker 3: need different types of assistance.
• 2:04
  Speaker 1: But let's get into that a little bit. Yeah, man,
• 2:06
  Speaker 1: so there's tons of loans out there, right, So you
• 2:09
  Speaker 1: have the traditional loans, you know, FHA, conventional VA loans,
• 2:15
  Speaker 1: you know, you have Knacker I know someone mentioned out there.
• 2:18
  Speaker 1: But let's do a brief overview, right, faha, minimum five
• 2:22
  Speaker 1: eighty credit score. You can buy one to four family properties.
• 2:28
  Speaker 1: All properties must be on the occupied for at least
• 2:31
  Speaker 1: one year. Okay, again one to four family own the
• 2:36
  Speaker 1: occupied properties. You can even buy with a FAHA a
• 2:39
  Speaker 1: mixed use property. Right. So, now, a mixed use property
• 2:42
  Speaker 1: is basically a commercial building. Now we have a lot
• 2:45
  Speaker 1: of these mixed use properties here in New York where
• 2:47
  Speaker 1: you might have a bodega on the bottom and three
• 2:49
  Speaker 1: apartments on the top. Right, that's a mixed use property.
• 2:52
  Speaker 1: So FAHA will allow a home buyer to buy this
• 2:56
  Speaker 1: mixed use property. As long as the residential square foot
• 3:00
  Speaker 1: which is at least fifty one percent and the like
• 3:02
  Speaker 1: likeness of the building is more residential in stature, FAHA
• 3:06
  Speaker 1: will allow you to buy a commercial property. So that's perfect.
• 3:09
  Speaker 1: Let's just say we have any business owners here in
• 3:12
  Speaker 1: the chat right now, watching this live or going to
• 3:14
  Speaker 1: watch this on the replay. If you have a business
• 3:16
  Speaker 1: that needs a brick and mortar, right, you can go
• 3:19
  Speaker 1: with FHA loan buy this mixed use live upstairs, have
• 3:23
  Speaker 1: your business downstairs, and put as little west three and
• 3:26
  Speaker 1: a half percent down for a mixed use property that
• 3:30
  Speaker 1: is a home run. FAHA also allows you to get
• 3:34
  Speaker 1: rehab money with the two or three K program where
• 3:37
  Speaker 1: you can get one hundred percent of your rehab court
• 3:39
  Speaker 1: as well. Right, So FAHA is a terrific program you
• 3:43
  Speaker 1: can go up to. Like I said, four families were
• 3:46
  Speaker 1: putting down three and a half percent. Now, some of
• 3:48
  Speaker 1: the cons about FAHA is obviously the PMI. Right. The
• 3:52
  Speaker 1: PMI is if you put down less than ten percent
• 3:55
  Speaker 1: is for the life of the loan, and if you
• 3:57
  Speaker 1: put down ten percent or more, the PMI automatically goes
• 4:00
  Speaker 1: away year eleven. Right, So that I would say that
• 4:04
  Speaker 1: was probably one of the biggest cons with FAHA. But
• 4:06
  Speaker 1: despite what everybody would believe, FAH loans do close really quickly. Right.
• 4:11
  Speaker 1: A lot of people out there think, oh, if you're
• 4:13
  Speaker 1: getting an FAH loan, it's going to take forever, and
• 4:16
  Speaker 1: you got bad credit, you don't really qualify. No, that's
• 4:19
  Speaker 1: not the case. FAHA is a great program. It gives
• 4:22
  Speaker 1: you a higher approval amount sometimes than conventional lutgage is
• 4:25
  Speaker 1: because the debts and income racial requirement is higher than conventional.
• 4:30
  Speaker 1: Now with conventional let's.
• 4:31
  Speaker 4: Let's let's let's do this though, Let's let's before you
• 4:33
  Speaker 4: go on, let's really take our time. Let's just take
• 4:36
  Speaker 4: our time. I want to make sure everybody understands. So
• 4:39
  Speaker 4: even terms like PMI, somebody might not understand what that is, right,
• 4:43
  Speaker 4: primary mortgage insurance. And even like okay, the FAHA loan,
• 4:50
  Speaker 4: somebody asks like it's this first time home by its like,
• 4:52
  Speaker 4: you can use that for your first time home, right,
• 4:55
  Speaker 4: and it allows you to put three point five percent
• 4:58
  Speaker 4: down as opposed to a traditional twenty percent down, but
• 5:02
  Speaker 4: you have to pay the PMI until you reach twenty percent.
• 5:07
  Speaker 1: Right, No, No, So to answer the question about the
• 5:12
  Speaker 1: prompt the first time home buyer, FAHA is not just
• 5:14
  Speaker 1: for first time home buyers, right.
• 5:18
  Speaker 4: It's not just for first time home buyers. But you
• 5:20
  Speaker 4: can use it if you're buying your first time home, right.
• 5:22
  Speaker 1: Correct, you can use it if you buy your first home.
• 5:25
  Speaker 1: But most people think if I own a home, I
• 5:28
  Speaker 1: can't do FAHA, which is not the case. You can
• 5:31
  Speaker 1: do FHA as long as it's going to be your
• 5:32
  Speaker 1: primary residence. Now, the PMI, the private mortgage insurance on
• 5:37
  Speaker 1: FAHA is called mortgage insurance premium that only goes away
• 5:41
  Speaker 1: if you put down ten percent or more, and it
• 5:45
  Speaker 1: goes away year eleven with a conventional mortgage. If you
• 5:49
  Speaker 1: obviously put down twenty percent up front, then you have
• 5:52
  Speaker 1: no PMI. But if you put down less than twenty
• 5:55
  Speaker 1: percent on a conventional mortgage, then that PMI will go
• 5:59
  Speaker 1: away wants you. You can request for it to go
• 6:02
  Speaker 1: away once you get about twenty percent equity in the home. Right.
• 6:07
  Speaker 1: So it's a little bit different than FHA. You don't
• 6:11
  Speaker 1: have to wait that long of a time frame to
• 6:14
  Speaker 1: get the pm I removed the conventional loan. You can
• 6:17
  Speaker 1: get that pm I removed much faster. And it was
• 6:20
  Speaker 1: something else you said in the ever shot. What else
• 6:23
  Speaker 1: did you say? I just had a brave freezon.
• 6:26
  Speaker 4: No, I think that you think that was it. I
• 6:28
  Speaker 4: just wanted to just make sure that they was just
• 6:30
  Speaker 4: understanding everything. But yeah, I think I think that was it.
• 6:33
  Speaker 4: But somebody asked the question too though, from the chat.
• 6:36
  Speaker 4: Somebody in the chat trenton Stewart. He said, what if
• 6:42
  Speaker 4: he's ten ninety nine and not w two?
• 6:45
  Speaker 1: Good question, great question. So if you are ten ninety nine,
• 6:48
  Speaker 1: you are considered self employed, Trent, So it's very important
• 6:52
  Speaker 1: remember two year work history with all of these traditional loans. Right,
• 6:57
  Speaker 1: So if you are ten ninety nine, you need to
• 6:59
  Speaker 1: be ten ninety nine for two years. But the most
• 7:02
  Speaker 1: important thing, Trent and anyone else who is self employed
• 7:05
  Speaker 1: or teny nine, your tax returns need to need to
• 7:09
  Speaker 1: line up appropriately. So let's just say you get one
• 7:12
  Speaker 1: hundred thousand dollars on your ten ninety nine. If you
• 7:15
  Speaker 1: write off ninety thousand and tell Uncle Sam that I
• 7:18
  Speaker 1: only made ten thousand, you pay income taxes on ten thousand.
• 7:23
  Speaker 1: That ten thousand is the money that we're going to
• 7:25
  Speaker 1: use to qualify you. And let's just be real, ten
• 7:28
  Speaker 1: thousand enough to buy the home. Right So if you
• 7:31
  Speaker 1: know you are self employed and you write off a lot,
• 7:36
  Speaker 1: this is why it is extremely important in the beginning
• 7:38
  Speaker 1: to have a great lender and start mortgage planning. Right.
• 7:42
  Speaker 1: Everybody type and chat mortgage planning, especially my self employed people.
• 7:46
  Speaker 1: You have to plan for your mortgage. You just can't
• 7:49
  Speaker 1: walk out and say, hey, I'm going to buy a
• 7:51
  Speaker 1: house today and you don't know what your finance is
• 7:54
  Speaker 1: looking like. So having a great lender and also having
• 7:57
  Speaker 1: a great account and a CPA who understand and real
• 8:00
  Speaker 1: estate to guide you to let you know, okay, if
• 8:04
  Speaker 1: you pay less taxes this year, if you write off
• 8:09
  Speaker 1: less you're going to pay X, y, and z amount
• 8:11
  Speaker 1: of income taxes. Is it worth it for you to
• 8:15
  Speaker 1: buy a house and use this income or is it
• 8:17
  Speaker 1: better for you just to put twenty percent down and
• 8:20
  Speaker 1: go with a non traditional loan where we don't need
• 8:23
  Speaker 1: tax returns. Right, So you have to look at both
• 8:27
  Speaker 1: sides of defense to see what's most beneficial to you
• 8:31
  Speaker 1: as that entrepreneur and trying to get into real estate.
• 8:35
  Speaker 4: Somebody else, ex can you have more than one FHA
• 8:38
  Speaker 4: at that.
• 8:38
  Speaker 1: Time if you meet the one hundred mile room right.
• 8:43
  Speaker 1: So if you buy an FHA to say duplex in Brooklyn, right,
• 8:50
  Speaker 1: and then you're moving to Atlanta and you want to
• 8:53
  Speaker 1: use FHA again to buy another duplex in Atlanta, and
• 8:58
  Speaker 1: you can prove that you are moving there is work related,
• 9:01
  Speaker 1: then yes, because it's old Brooklyn and Atlanta as well
• 9:04
  Speaker 1: over one hundred miles away. So that is really one
• 9:07
  Speaker 1: of the only circumstances that I've seen get approved when
• 9:11
  Speaker 1: you are looking to have multiple FAHA loans. But if
• 9:15
  Speaker 1: you're looking to house hack right. Prior to conventional loans
• 9:20
  Speaker 1: changing the guidelines about a year ago, the strategy was
• 9:23
  Speaker 1: by the four family use FAHA. You know, refinance into
• 9:29
  Speaker 1: a conventional, then go into a three family and then
• 9:31
  Speaker 1: use FHA again. But now that conventional allows five percent
• 9:36
  Speaker 1: down payment on multifamilies for your primary residence. Now you
• 9:40
  Speaker 1: don't really need to use FAHA more than one time.
• 9:43
  Speaker 1: You can now go the first property FAHA, then the
• 9:48
  Speaker 1: second property, which could be the three unit, Now you
• 9:51
  Speaker 1: can use conventional and put the five percent down because
• 9:54
  Speaker 1: it's now your primary residence. Right. So the strategy for
• 9:57
  Speaker 1: the four three to one change a little bit with
• 9:59
  Speaker 1: that guideline, which is which is a home run for
• 10:02
  Speaker 1: everybody looking the house hack. But no, you don't need
• 10:07
  Speaker 1: to have two FAH loans at the same time to
• 10:10
  Speaker 1: continue to grow your real estate portfolio using the house
• 10:13
  Speaker 1: hacking strategy. MG. You brought up the FAH loan.
• 10:17
  Speaker 3: We talked about conventional, but when we were at invest Vest,
• 10:20
  Speaker 3: one of the biggest seminars that people were lined up
• 10:23
  Speaker 3: for was the VA loans. So can you touch on
• 10:25
  Speaker 3: that and tell people about the benefits of that and
• 10:27
  Speaker 3: salute to everybody that's a veteran.
• 10:29
  Speaker 1: Yeah, shout out to everybody who's a veteran. You know,
• 10:32
  Speaker 1: I got my Pops flag right here, so I want
• 10:34
  Speaker 1: to show this man rest in peace, Pops man. So
• 10:36
  Speaker 1: shout out to all the veterans. Yeah, yeah, yeah, Mike,
• 10:39
  Speaker 1: I appreciate that. Shout out the pops right there. So
• 10:43
  Speaker 1: all all the vets, all my military folks, you got
• 10:45
  Speaker 1: a special place in my heart for sure, So salute
• 10:49
  Speaker 1: to all of y'all. But yeah, with the VA loan,
• 10:51
  Speaker 1: you could do a one hundred percent financing on your
• 10:54
  Speaker 1: primary residence. Some lenders would go down as low as
• 10:57
  Speaker 1: a five to eighty credit scores as well, but tip
• 11:00
  Speaker 1: usually six hundred to six twenties ideal, and you can
• 11:05
  Speaker 1: buy one to four family on the occupied properties. One
• 11:09
  Speaker 1: of the great things about VA loans you're going to
• 11:11
  Speaker 1: have great interest rates even in today's market. They're a
• 11:14
  Speaker 1: little bit lower than FHA, and it has no PMI
• 11:18
  Speaker 1: on the loan, which is a home run right. And
• 11:22
  Speaker 1: you can use a VA loan twice as long as
• 11:25
  Speaker 1: you have enough eligibility right to do so. So VA
• 11:31
  Speaker 1: is a terrific program. I encourage all my military folks
• 11:36
  Speaker 1: out there who's watching this live to please use that
• 11:39
  Speaker 1: VA loan. Use it to the highest and best use.
• 11:43
  Speaker 1: If you can get a multi family with it with
• 11:45
  Speaker 1: your first one go ahead, get that multi family first,
• 11:49
  Speaker 1: and then you can go ahead and probably get a
• 11:51
  Speaker 1: single family with it later on down the road. So
• 11:54
  Speaker 1: Va is an amazing product and I hope more people
• 11:58
  Speaker 1: use it.
• 12:01
  Speaker 4: So okay, so let's get back to the steps. But
• 12:04
  Speaker 4: before we get back to step last, the last detour,
• 12:06
  Speaker 4: you talked about the four three two one. Can you
• 12:09
  Speaker 4: just explain that for people that don't know what that is?
• 12:12
  Speaker 1: Okay, So the four to three to two one strategy
• 12:15
  Speaker 1: is only for the folks out there who want to
• 12:18
  Speaker 1: be a landlord. If you want to be a landlord
• 12:20
  Speaker 1: type landlord and chap, please, I want to see.
• 12:22
  Speaker 4: This is so, this is what this is for the
• 12:24
  Speaker 4: real estate investors.
• 12:25
  Speaker 1: This is what the real estate investors. But you're using
• 12:28
  Speaker 1: low down payment loans and your house hacking, meaning you
• 12:33
  Speaker 1: are going to live in this property for the requirements
• 12:37
  Speaker 1: that the guidelines are saying. You're not saying that, hey,
• 12:40
  Speaker 1: I'm going to live here and I don't live there.
• 12:43
  Speaker 1: Right here, I earn your leisure an MG, the mortgage God,
• 12:46
  Speaker 1: we do not participate in mortgage fraud. Let me be
• 12:49
  Speaker 1: very clear, Okay, we do not participate in that. Okay.
• 12:53
  Speaker 1: This is the disclaimer. Here, Okay, you must live in
• 12:55
  Speaker 1: a property for at least twelve months. That's what the
• 12:58
  Speaker 1: godlines state and the guidelines are in your favor two
• 13:01
  Speaker 1: house acts, So do it the right way so that
• 13:04
  Speaker 1: way you don't have the compliance police knocking on your door. Now,
• 13:07
  Speaker 1: the goal of this is to build your real estate portfolio.
• 13:11
  Speaker 1: Four unit first, if you live in an area that
• 13:14
  Speaker 1: has four units, live in it for a year maybe
• 13:17
  Speaker 1: two years. Now you don't have to refinance out of
• 13:20
  Speaker 1: that FAH loan. So let's people, since we started off,
• 13:23
  Speaker 1: we just left VA loans. Think about this. You're a veteran.
• 13:26
  Speaker 1: You started off with your VA loan, first one hundred
• 13:29
  Speaker 1: percent financing for a family. Then you go FAHA for
• 13:35
  Speaker 1: the next one, the three family three point five percent down.
• 13:38
  Speaker 1: Then the next one you can go convention them with
• 13:43
  Speaker 1: a duplex five percent down. And then that last property,
• 13:48
  Speaker 1: single family, you can go back to VA if you
• 13:51
  Speaker 1: have enough eligibility and get one hundred percent financing on
• 13:55
  Speaker 1: that one with no PMI as well. So now the
• 13:58
  Speaker 1: cash flow that's coming from all of these units, that
• 14:02
  Speaker 1: for that three and that two, which what's that seven
• 14:06
  Speaker 1: non units right there, can now pay for your dream
• 14:10
  Speaker 1: home So the purpose of the strategy is most people
• 14:13
  Speaker 1: when they buy their first home, they're over extending itself.
• 14:16
  Speaker 1: Everybody trying to keep up with the Joneses. Everybody don't
• 14:19
  Speaker 1: I don't know what the hell's going on these days.
• 14:21
  Speaker 1: Nobody believes in starter homes. Everybody wants to make mansion
• 14:24
  Speaker 1: right now, I just don't understand it. So instead of
• 14:28
  Speaker 1: you people who don't want to start a home getting
• 14:32
  Speaker 1: a nice little townhouse or something like that, start off
• 14:35
  Speaker 1: with the multifamily, build that portfolio so that way, by
• 14:38
  Speaker 1: time you get to that one family in four years,
• 14:42
  Speaker 1: five years, now you've got cash flow coming in and
• 14:45
  Speaker 1: you can potentially live for free. So that's on the
• 14:47
  Speaker 1: basis of the four to three to two bus strategy.
• 14:49
  Speaker 4: So for okay, let's for the people that need a
• 14:55
  Speaker 4: little bit more further explanation on this. Right to the time,
• 15:00
  Speaker 4: the American dream is to buy a home, a single
• 15:04
  Speaker 4: family home, right, white picket fence, the whole nine. And
• 15:08
  Speaker 4: people think, like, that's your dream home. They want to
• 15:10
  Speaker 4: drop by their dream home. But and there's some debate
• 15:14
  Speaker 4: on this, but a home is not technically an asset.
• 15:18
  Speaker 4: If it's not producing cash flow, it can actually be
• 15:22
  Speaker 4: a liability ken. So the idea is to say, okay,
• 15:30
  Speaker 4: instead of trying to buy a one family dream home
• 15:33
  Speaker 4: right away, buy a four family home in a not
• 15:40
  Speaker 4: great neighborhood, but like you know, an uppercoming neighbor because
• 15:43
  Speaker 4: the four family home is going to be expensive. But
• 15:46
  Speaker 4: usually don't even have four family homes in great neighborhoods anyway.
• 15:49
  Speaker 4: So you buy a four family home in a relatively
• 15:54
  Speaker 4: slightly dangerous neighborhood, and you live there, and you're a landlord,
• 15:59
  Speaker 4: and you rent those other three units out. Right Now
• 16:03
  Speaker 4: you establish yourself as a landlord, and you're getting rental
• 16:07
  Speaker 4: income from three tenants after you lived there for a
• 16:12
  Speaker 4: year two years, right, then you can leave rent the
• 16:16
  Speaker 4: other one out. Now you have four units that you're
• 16:19
  Speaker 4: actually getting rental income from. Now you can move to
• 16:22
  Speaker 4: a slightly better neighborhood. The houses will probably costs a
• 16:26
  Speaker 4: little bit more, but you'll have an asset that's actually
• 16:30
  Speaker 4: producing income that you can add to your W two
• 16:35
  Speaker 4: or ten to eety nine income also, and you repeat
• 16:38
  Speaker 4: the process, and now you have two other incomes coming
• 16:43
  Speaker 4: and then you you're living there. Then when you move
• 16:46
  Speaker 4: out after a year two years, now you have seven
• 16:49
  Speaker 4: and now you have seven units from four family building,
• 16:54
  Speaker 4: a three family building, you do the same, and a
• 16:59
  Speaker 4: good neighborhood in a two family home. Right, And so
• 17:02
  Speaker 4: by the time you've done this, it might take eight years,
• 17:06
  Speaker 4: but by the time you've done this process, you have
• 17:10
  Speaker 4: nine nine units that's producing income, and now you're able
• 17:16
  Speaker 4: to actually a have enough income that's coming in that
• 17:21
  Speaker 4: you probably don't even have to work a real job
• 17:22
  Speaker 4: anymore because you have nine units that's producing income, and
• 17:27
  Speaker 4: now you're able to move into the dream house and
• 17:32
  Speaker 4: you have the income from the units that's paying for
• 17:36
  Speaker 4: the house, as opposed to what most people do. They
• 17:39
  Speaker 4: move into their dream house, they don't really have enough
• 17:42
  Speaker 4: money to pay for it. Then they're just working every
• 17:45
  Speaker 4: single month to just maintain the mortgage and they don't
• 17:49
  Speaker 4: have enough money to invest, they don't have enough money
• 17:51
  Speaker 4: to buy any additional real estate. They get stuck in
• 17:54
  Speaker 4: a thirty year mortgage. That's not a recipe for building wealth.
• 17:57
  Speaker 4: That's a recipe for being in debt until you're seventy
• 18:00
  Speaker 4: years old. So yeah, that's kind of the ABC version
• 18:05
  Speaker 4: of it. But I think that that's kind of important
• 18:08
  Speaker 4: to like fully lay out because everybody, and I might
• 18:11
  Speaker 4: not get it at first, like which you know, you've
• 18:15
  Speaker 4: been doing this for twenty years. So some people are
• 18:17
  Speaker 4: just getting into real estate today, right, so they got
• 18:20
  Speaker 4: to kind of be read. Even how you think about
• 18:23
  Speaker 4: buying a home kind of has to be rewired in
• 18:25
  Speaker 4: your brain so you can just kind of have a
• 18:26
  Speaker 4: different perspective.
• 18:27
  Speaker 3: It definitely will change your perspective on how you look
• 18:29
  Speaker 3: at it. And I remember five years ago hearing you
• 18:31
  Speaker 3: say it, and obviously we tweeted it a little bit,
• 18:33
  Speaker 3: but it was mind blowing as I was sitting in
• 18:35
  Speaker 3: my home doing that interview. But Matt, I got it.
• 18:37
  Speaker 3: There's another great question. And I know the four three
• 18:40
  Speaker 3: two one was a great strategy, but there's another strategy
• 18:43
  Speaker 3: that I know you like talking about. And Terry m
• 18:45
  Speaker 3: asked the question. They said, I'm about to get married
• 18:48
  Speaker 3: own a townhouse. Can we still use my fiancee' fha
• 18:51
  Speaker 3: loan before we get married? And so we're talking about
• 18:54
  Speaker 3: two single people, two different loans before they get married.
• 18:57
  Speaker 3: I know this is one of those topics you love
• 18:59
  Speaker 3: talking about.
• 19:00
  Speaker 1: Yeah, go for it then, yeah, I mean divide and conquer, right,
• 19:04
  Speaker 1: I definitely love that strategy and congratulations to you, guys,
• 19:09
  Speaker 1: But I would say before you tie to not if
• 19:12
  Speaker 1: you each can qualify for your own property and it
• 19:18
  Speaker 1: be your own occupied. You live in one, he lives
• 19:21
  Speaker 1: in one until you get married, then I think it's
• 19:23
  Speaker 1: a great way to start your life together. Right now,
• 19:29
  Speaker 1: you buy a multifamily, he buys a multifamily. You each
• 19:33
  Speaker 1: use FAHA if you both can qualify independently of each
• 19:38
  Speaker 1: other and build your folio that way. So now, if
• 19:43
  Speaker 1: you can start with a three or four even a duplex.
• 19:46
  Speaker 1: Right say you live in an area that doesn't have
• 19:47
  Speaker 1: three or fours, you start with a duplex. You get
• 19:50
  Speaker 1: a duplex, he gets a duplex. Now you have four units.
• 19:54
  Speaker 1: Now you have cash flow coming in that could potentially
• 19:56
  Speaker 1: pay for now your dream home as well. Now, one
• 20:00
  Speaker 1: of the great things about buying a multifamily, especially with
• 20:03
  Speaker 1: FHA loans, guys, the rental income. The market rental income
• 20:08
  Speaker 1: can be used to help you qualify. Lenders will use
• 20:12
  Speaker 1: seventy five percent of that rental income. So for example,
• 20:15
  Speaker 1: if the gross rental income is one thousand dollars, a
• 20:19
  Speaker 1: lender will use seven hundred and fifty dollars as income
• 20:22
  Speaker 1: to help you qualify. Forward now. I saw in the
• 20:25
  Speaker 1: comments go while ago someone was asking about Airbnb income
• 20:29
  Speaker 1: and does lenders like Airbnb income with these multifamilies. Their
• 20:32
  Speaker 1: question is no, The lending landscape has not caught up
• 20:36
  Speaker 1: to the times that we are in down to allow
• 20:39
  Speaker 1: Airbnb is very unstable. So what lenders are always going
• 20:44
  Speaker 1: to use right now, guys, is market rent right, not
• 20:49
  Speaker 1: rent that you're going to get from Airbnb or if
• 20:51
  Speaker 1: you got to make in your house a content space
• 20:54
  Speaker 1: or anything like that. The guidelines have not caught up
• 20:57
  Speaker 1: to that. But divide and conquer is a great, a
• 21:01
  Speaker 1: great strategy for all you couples out here who want
• 21:05
  Speaker 1: to be landlords and grow your real estate portfolio.
• 21:09
  Speaker 5: An illegal alien from Guatemala charged with raping a child
• 21:12
  Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
• 21:16
  Speaker 5: accused of murdering a Texas. Man of Venezuelan charged with
• 21:21
  Speaker 5: filming and selling child pornography in Michigan. These are just
• 21:25
  Speaker 5: some of the heinous migrant criminals caught because of President
• 21:28
  Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States
• 21:32
  Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 21:37
  Speaker 5: crossings are at the lowest levels ever recorded, and over
• 21:40
  Speaker 5: one hundred thousand illegal aliens have been arrested. If you
• 21:44
  Speaker 5: are here illegally, your next you will be fine nearly
• 21:48
  Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
• 21:52
  Speaker 5: never return. But if you register using our CBP home
• 21:55
  Speaker 5: app and leave now, you could be allowed to return legally.
• 21:59
  Speaker 5: Do what's right. Leave now. Under President Trump America's laws,
• 22:04
  Speaker 5: border and families.
• 22:06
  Speaker 1: Will be protected. Sponsored by the United States Department of
• 22:08
  Speaker 1: Homeland Security,