Latest / Earn Your Leisure / Study Hall: Home Buying Process with MG the Mortgage Guy

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Study Hall: Home Buying Process with MG the Mortgage Guy · Earn Your Leisure

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  Speaker 4: My graduates from my school being forced back drop, Mike,
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  Speaker 4: drop backdrop.
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  Speaker 5: Oh that's how you're doing it now.
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  Speaker 6: That's what we're doing now, my stupid son.
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  Speaker 5: That's that's how we're giving it up there. Brolly.
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  Speaker 6: All right, bro, I'm getting all my eyes getting bad. Man.
• 2:16
  Speaker 5: I like the red backdrop. Those those prescription glasses.
• 2:20
  Speaker 6: Yeah, I got I like scripting them. I'll be you know,
• 2:24
  Speaker 6: I'll be in front of these computer monitors all day.
• 2:26
  Speaker 5: Man.
• 2:26
  Speaker 6: So eighteen years sitting in front of a desk and
• 2:29
  Speaker 6: looking at computers to kind of like hurt your eyes
• 2:32
  Speaker 6: at some point, you know, I.
• 2:33
  Speaker 5: Feel on that. Man, I think I'm about to get
• 2:35
  Speaker 5: reading glasses.
• 2:37
  Speaker 6: Yeah, these are my good I got scripts on these.
• 2:40
  Speaker 6: I got scripts on my other one. But yeah, man,
• 2:42
  Speaker 6: we here, man.
• 2:44
  Speaker 5: Let's let's do it. Man. So, Yeah, we were just
• 2:47
  Speaker 5: telling people.
• 2:47
  Speaker 7: He was in Atlanta and we came back and we
• 2:49
  Speaker 7: had to actually move off flight up just to actually
• 2:51
  Speaker 7: make this happen.
• 2:52
  Speaker 5: Because we had to make this happen. No, no, no
• 2:55
  Speaker 5: way around it.
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  Speaker 6: So I just get Atlanta is different, y'all.
• 2:59
  Speaker 5: We've got to shout he was out there looking twelve hours.
• 3:04
  Speaker 6: Yeah, you know, I had to put up for twelve
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  Speaker 6: hours real quick.
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  Speaker 2: You know.
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  Speaker 6: It was a good look out there. But Atlanta is different.
• 3:10
  Speaker 8: Man.
• 3:10
  Speaker 6: It's like nothing happened, Like COVID doesn't even in Wakanda.
• 3:14
  Speaker 6: It's like a force field out there. Man, It's like
• 3:17
  Speaker 6: not a masking sight except for people who come from
• 3:19
  Speaker 6: up north.
• 3:20
  Speaker 9: Heya, we got a funny story we're gonna tell you after.
• 3:23
  Speaker 9: But the place we went after we ate came up
• 3:26
  Speaker 9: in an interview.
• 3:27
  Speaker 5: We did really.
• 3:34
  Speaker 6: In a recent one shot.
• 3:36
  Speaker 5: Yes, that's a big one. Ye.
• 3:40
  Speaker 7: Arguably, that arguably might be our biggest episode to date.
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  Speaker 6: Yeah, that I think. I think that's gonna go virals.
• 3:48
  Speaker 6: Prepare yourself.
• 3:50
  Speaker 5: It's a good chance, good chance, a good chance of
• 3:52
  Speaker 5: that going viral.
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  Speaker 6: Real good chance.
• 3:54
  Speaker 5: You know. We've got to show mister Leon, how shout
• 3:57
  Speaker 5: trapper shout.
• 3:58
  Speaker 6: Out to trapper man. Nothing but love for the god trap.
• 4:01
  Speaker 5: Man, Atlanta.
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  Speaker 7: Everybody's in Atlanta right now. Man, it's no place like Atlanta.
• 4:05
  Speaker 7: Right in Atlanta, I can't front. Atlanta got it. And
• 4:08
  Speaker 7: I love New York, but you're trying to leave us.
• 4:10
  Speaker 7: Atlanta got it right now.
• 4:13
  Speaker 6: Atlanta got it, definitely. New York is dead. Unfortunately, New
• 4:17
  Speaker 6: York is dead, y'all. Atlanta at night is like the
• 4:21
  Speaker 6: city last year. You know what I'm saying. Right now,
• 4:23
  Speaker 6: New York, you're going, You're go on the city. Man,
• 4:26
  Speaker 6: it's terrible.
• 4:26
  Speaker 5: Man.
• 4:28
  Speaker 7: Somebody said, this is live live. Yeah, this is live.
• 4:30
  Speaker 7: This is actually happening right now. Current is live, This
• 4:33
  Speaker 7: is currently happening.
• 4:34
  Speaker 5: We just we just read what you said.
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  Speaker 7: So so yeah, man, Matt, that is just a brilliant dude, everybody.
• 4:42
  Speaker 7: I told the stories of a million times. I'll tell
• 4:44
  Speaker 7: the story again. But we did the last episode two
• 4:48
  Speaker 7: weeks ago. A week ago, Uh one O four episode
• 4:50
  Speaker 7: one of four. You haven't watched EYO one O four yet,
• 4:53
  Speaker 7: you're doing yourself committed to service a bunch of bunch
• 4:56
  Speaker 7: of gyms. All the clips on Instagram went crazy viral
• 4:59
  Speaker 7: and if you ever d m that, you know he's
• 5:02
  Speaker 7: not the best. He's great as far as the information
• 5:04
  Speaker 7: that he gives, but he's not the best as far.
• 5:05
  Speaker 5: As answering his dms.
• 5:06
  Speaker 6: He's over, I'm gonna spit out my red bulls. I
• 5:14
  Speaker 6: didn't expect that one.
• 5:17
  Speaker 7: So that's not the best when it comes to answering
• 5:19
  Speaker 7: dm So it was just chatting, like you know, people
• 5:22
  Speaker 7: got and he just dropped his encyclopedia. You don't talk
• 5:26
  Speaker 7: about that the whole blueprints. So it's like the follow
• 5:29
  Speaker 7: up episode. We usually we do like an Instagram live
• 5:32
  Speaker 7: or something. We're like, you want't we just do a
• 5:34
  Speaker 7: YouTube live like seminof webinar or relationships really just a
• 5:37
  Speaker 7: question answer because it's like, I'm sure a lot of
• 5:39
  Speaker 7: people have the same questions and stuff as opposed to
• 5:42
  Speaker 7: like people sending a bunch of messages that have a
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  Speaker 7: very low percentage of getting answered.
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  Speaker 5: Do something. We could do something.
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  Speaker 7: We could do something something live for about an hour
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  Speaker 7: answer questions. We got Uyo University members on the zoom,
• 6:02
  Speaker 7: and then we got YouTube obviously just on the YouTube
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  Speaker 7: checking and yeah, that way we can kill two birds
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  Speaker 7: of one stone. We can recap the episode and answer
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  Speaker 7: questions that people may have from that, and then we
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  Speaker 7: can also if people have questions about the Like I said,
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  Speaker 7: the encyclopedia, that's just drop. We'll talk about that in
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  Speaker 7: a little bit. And yeah, just try to just give
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  Speaker 7: people some information because, as I said before, the thing
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  Speaker 7: about buying a home, it's kind of like buying the cart,
• 6:28
  Speaker 7: same thing, but it's a bigger purchase than buying a car,
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  Speaker 7: is that there's no real they don't teach you how
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  Speaker 7: to do it right. You would think that that, like
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  Speaker 7: that's something that should be mandatory to be taught in school,
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  Speaker 7: like how.
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  Speaker 5: Do you buy a home?
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  Speaker 7: Because even like I'm thinking, like, you know, buying a
• 6:39
  Speaker 7: home is easy until I'm talking to Matt and he's
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  Speaker 7: explaining all of these programs and these bank statement loans
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  Speaker 7: and foreign answer loans and the interest rates and the
• 6:47
  Speaker 7: refies and how you can do this and more mortgage
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  Speaker 7: contendency dates, and it's like there's so much stuff. Who
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  Speaker 7: really understands all this stuff unless you actually work in
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  Speaker 7: the real estate field as like a broker or something
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  Speaker 7: like that. Like the average person stands no chance. So
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  Speaker 7: what ends up happening is that they just get a
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  Speaker 7: real estate agent or a mortgage broker and they just
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  Speaker 7: go with whatever they tell them.
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  Speaker 5: Bill I have a home, and I would say, and
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  Speaker 5: I took the course. Shout out to you, man.
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  Speaker 9: Shout out to you for taking the course eighty five
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  Speaker 9: percent of itself.
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  Speaker 5: I had no idea, and I'm like, damn, I could
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  Speaker 5: have saved so much money. You know what I'm saying,
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  Speaker 5: Like it's ridiculous.
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  Speaker 9: Like so exactly what Shotty said is even if you
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  Speaker 9: have a home, there's still so much that we don't
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  Speaker 9: know and that we can still probably benefit from.
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  Speaker 5: Yeah.
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  Speaker 7: So, and somebody that in YouTube, the EYOL member how
• 7:37
  Speaker 7: they get dream acts. So on the Facebook it was emailed.
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  Speaker 7: But if you just go to Facebook, our Facebook group,
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  Speaker 7: it's in there. It's in the Facebook group right now.
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  Speaker 5: And momone, I said, what you put we all live,
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  Speaker 5: you're here with us. Yeah, So we're gonna answer questions.
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  Speaker 7: We're gonna answer question and we're gonna open it up
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  Speaker 7: to EYO, you and everybody. So feel free to answer questions.
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  Speaker 7: But I'll started off with the one question for myself.
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  Speaker 7: So mortgage contingency Dame, what is that is a mortgage
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  Speaker 7: contingency date?
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  Speaker 6: Good question? So, first, first and foremost, thank you for
• 8:08
  Speaker 6: again having me on the platform. And I really love
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  Speaker 6: what you guys are doing with your with your platform
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  Speaker 6: and just educating the community on something that I love
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  Speaker 6: and I'm passionate about, which is real estate finance and
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  Speaker 6: real estate. So mortgage contingency dates, right, there's several dates
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  Speaker 6: that's in your contract. And there's first before I go
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  Speaker 6: into there, there's states that are non attorney states, and
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  Speaker 6: there are states that are attorney states. Right, So New
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  Speaker 6: York is considered an attorney state. States like Georgia is
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  Speaker 6: considered a non attorney state. So when you sign in
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  Speaker 6: a contract in the state of Georgia, the real estate
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  Speaker 6: agent is the one who's going over the contract. Well,
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  Speaker 6: the offer is pretty much the contract, right, and then
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  Speaker 6: when the seller signs it, they accept it. Now you're
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  Speaker 6: in a buying the contract. So there's there's dates that
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  Speaker 6: you have to know. And that's one of the main
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  Speaker 6: reasons why I highlighted the purchase agreement in the course
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  Speaker 6: in the Blueprint and the Home Bise blue Print Volume
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  Speaker 6: one is because a lot of folks anybody could be
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  Speaker 6: a real estate agent, right, but doesn't mean they understand
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  Speaker 6: the law and they understand what people are signing to.
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  Speaker 6: And there's a lot of times people are signing contracts
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  Speaker 6: and the realtors are not explaining to them certain dates
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  Speaker 6: have to be met by a certain time, and people
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  Speaker 6: getting themselves jammed up or putting themselves into contracts that
• 9:23
  Speaker 6: have unrealistic dates. Now, the mortgage contingency date is probably
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  Speaker 6: the most important in the contract because that basically states
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  Speaker 6: that you have to have a loan commitment by a
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  Speaker 6: certain period of time. And if you don't have that
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  Speaker 6: loan commitment and by a certain period of time, you
• 9:39
  Speaker 6: could be in breach of your contract. Once you get
• 9:44
  Speaker 6: a loan commitment, right, and you produce that to your
• 9:47
  Speaker 6: attorney or the realtors, and they produce it to the seller,
• 9:50
  Speaker 6: then that means you're locked into that deal. Now you
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  Speaker 6: can't back out, right. So there's a lot to unpacking that,
• 9:57
  Speaker 6: and I kind of go through, you know, in deep
• 9:59
  Speaker 6: details in the blueprint about this of how the mortgage
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  Speaker 6: contingency date can either be your friend or it could
• 10:05
  Speaker 6: be your enemy. You know what I'm saying, because if
• 10:07
  Speaker 6: you don't, let's just say, for example, on what's today
• 10:10
  Speaker 6: October twenty second, let's just say your mortgage contingency date
• 10:14
  Speaker 6: was November first, For example, if you know you can't
• 10:17
  Speaker 6: meet that mortgage contingency date a week before that, you
• 10:21
  Speaker 6: need to be asking for an extension to give you
• 10:23
  Speaker 6: more time, because if you let that date pass and
• 10:27
  Speaker 6: you don't say nothing, the sellers can technically kill the
• 10:30
  Speaker 6: deal and keep your money. Right, but let's just say
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  Speaker 6: on the flip side, you do get approved for a
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  Speaker 6: loan and it's before the mortgage contingency date, and when
• 10:38
  Speaker 6: you get approved for the loan, you need to read
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  Speaker 6: the long commitment to make sure that you can provide
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  Speaker 6: the lender with the information the conditions that they are
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  Speaker 6: asking for, right, Because if you can't provide that conditions
• 10:52
  Speaker 6: to your lender and clear those conditions most importantly, and
• 10:55
  Speaker 6: you produce that commitment to the seller side, you just
• 10:59
  Speaker 6: locked yourself into the deal and there's no way of
• 11:01
  Speaker 6: getting your money back unless the sellers are just going
• 11:03
  Speaker 6: to be nice and let you go. And in this market,
• 11:06
  Speaker 6: sellers are not playing around because home prices are skyrocket
• 11:11
  Speaker 6: and homes are flying off the roof. I mean, there
• 11:13
  Speaker 6: was a report that was released today by the National
• 11:15
  Speaker 6: Association and relatives are saying how September was like one
• 11:18
  Speaker 6: of the biggest months ever right for home sales. Oh,
• 11:23
  Speaker 6: there's a lot happening that's in the seller's favor right now.
• 11:27
  Speaker 6: And they're not trying to play no games with these
• 11:29
  Speaker 6: buys out here who are not serious about purchasing the property,
• 11:35
  Speaker 6: because now you're tying them up. So it's very important
• 11:38
  Speaker 6: if anybody's out here, especially in non attorney states, especially
• 11:43
  Speaker 6: understand the mortgage contingency date and make sure you have
• 11:48
  Speaker 6: enough time to meet that date. Make sure you speak
• 11:51
  Speaker 6: to your lender, your loan officer, and let them know, hey,
• 11:53
  Speaker 6: my mortgage contingency date is November first. Do you think
• 11:56
  Speaker 6: we have enough time to get a loan commitment? And
• 11:59
  Speaker 6: the reason why I'm us and this is the mortgage
• 12:01
  Speaker 6: industry is on fire right now. They're predicting right now
• 12:05
  Speaker 6: that the mortgage industry is going to do three point
• 12:07
  Speaker 6: one trillion dollars in originations in twenty right that is
• 12:11
  Speaker 6: the second largest origination yeah, in US history, right behind
• 12:15
  Speaker 6: two thousand and three. I don't think you guys really
• 12:18
  Speaker 6: understand what I'm trying to tell you right now. That
• 12:20
  Speaker 6: means as busy as hell. You know what I'm saying.
• 12:23
  Speaker 6: Lenders are backed up across the but it's too many
• 12:26
  Speaker 6: it's more loans than bodies to process and underwrite these loans,
• 12:30
  Speaker 6: turnaround times are delayed across the board. So you need
• 12:34
  Speaker 6: to ensure that your lender has the capacity number one
• 12:38
  Speaker 6: and number two they can meet these dates, because if
• 12:41
  Speaker 6: you don't meet these mortgage contingency dates, you can be
• 12:43
  Speaker 6: putting yourself in a bad position.
• 12:45
  Speaker 9: Now, so I don't meet the day. Let's say I
• 12:47
  Speaker 9: don't meet the day, but I do follow for the extension.
• 12:49
  Speaker 9: How long is my extension? And am I granted that once?
• 12:53
  Speaker 9: Is that a one time thing?
• 12:54
  Speaker 6: It depends bro and all honesty. It depends on the deal.
• 12:57
  Speaker 6: It depends on the seller, It depends on the gociation tactics,
• 13:01
  Speaker 6: or the lawyers involved, or the realtor's involved. I mean
• 13:04
  Speaker 6: typically I was saying, New York, they'll give you a
• 13:06
  Speaker 6: little bit more time because New York is a little
• 13:09
  Speaker 6: bit more laxed when it comes to closing dates and
• 13:11
  Speaker 6: contingency dates than other states. New York you can probably
• 13:14
  Speaker 6: get another two weeks, three weeks if you need it,
• 13:16
  Speaker 6: if you have good reason and the sellers are okay
• 13:19
  Speaker 6: with it, and they're that you're want to get approved,
• 13:21
  Speaker 6: and you know, you can probably get two, three more
• 13:23
  Speaker 6: weeks to get a long commitment. But in states like
• 13:25
  Speaker 6: George Florida, Bro, they don't give a damn. They'd be like, Yo,
• 13:29
  Speaker 6: you got five days by five pm next Friday. If
• 13:31
  Speaker 6: you don't got it, we're keeping your money. Deal is dead.
• 13:34
  Speaker 6: You know what I'm saying. Like, it's crazy, bro. So
• 13:37
  Speaker 6: you got to just make sure that you just you
• 13:40
  Speaker 6: and your lenda are on the same team and on
• 13:42
  Speaker 6: the same page.
• 13:43
  Speaker 9: So we got the lawyers contendency date, but there's also
• 13:46
  Speaker 9: an appraisal contingency date too.
• 13:48
  Speaker 6: Right, Yeah, so you you some contracts will have due
• 13:52
  Speaker 6: diligence periods, right, So in a due diligence period, you
• 13:56
  Speaker 6: have to get certain things done within that time, and
• 13:59
  Speaker 6: it could be a very different things.
• 14:00
  Speaker 5: Right.
• 14:01
  Speaker 6: The due diligence period can include getting your home inspection.
• 14:04
  Speaker 6: They might want you to have your loan, do complete
• 14:07
  Speaker 6: a loan application, apply for a loan by a certain time.
• 14:11
  Speaker 6: But really with a mortgage, an appraisal contingency. What I've
• 14:15
  Speaker 6: seen in contracts is basically stating that if you're home,
• 14:19
  Speaker 6: let's just say you get into contract. Right, we're in
• 14:21
  Speaker 6: bidding walls across the country, so let's just say you're
• 14:23
  Speaker 6: looking for a house the list price was five hundred,
• 14:26
  Speaker 6: but you overbid it because you want you love the house,
• 14:29
  Speaker 6: and you want to wear And let's just say you
• 14:30
  Speaker 6: you put in a bid for five fifty. Check to
• 14:33
  Speaker 6: see if there's a praiser contingency, because if there's appraisal contingency,
• 14:37
  Speaker 6: and if the seller is saying, we don't care what
• 14:39
  Speaker 6: the house apprais is for, you still have to buy
• 14:42
  Speaker 6: my house, right, you could be locking yourself into another
• 14:45
  Speaker 6: deal as well, because in these appraisal contingencies, the seller
• 14:49
  Speaker 6: can say, well, you offered five to fifty, I want
• 14:52
  Speaker 6: five to fifty. If the house comes in for five hundred,
• 14:55
  Speaker 6: we're not killing a deal. You have to come to
• 14:58
  Speaker 6: the table with that ultra fifty k. So it's very
• 15:01
  Speaker 6: important when you're reading your contract and make sure there's
• 15:03
  Speaker 6: no language like that in appraisal contingency sections that can
• 15:07
  Speaker 6: jam you in, especially when you overbid, because like here
• 15:10
  Speaker 6: in New York, I'm starting to see more of that
• 15:12
  Speaker 6: where folks have just bid in twenty thousand and thirty
• 15:14
  Speaker 6: thousand and fifty thousand above asking, but they're using it
• 15:17
  Speaker 6: as a strategy, right, And this could be a good strategy.
• 15:20
  Speaker 6: Bid overbid when the offer and when the appraisal comes,
• 15:25
  Speaker 6: try to negotiate back down to the lower price. But
• 15:27
  Speaker 6: if you got that appraisal contingency in there and the
• 15:30
  Speaker 6: language states that it doesn't matter what that value came
• 15:34
  Speaker 6: in from the appraiser, then you can lock yourself into
• 15:36
  Speaker 6: a deal.
• 15:36
  Speaker 9: Yeah, that's that's a Goldennother right there, because that could
• 15:39
  Speaker 9: potentially take fifty two one hundred thousand. Right you bid
• 15:42
  Speaker 9: on a house at six hundred, it comes back at five,
• 15:44
  Speaker 9: You got to pay that six.
• 15:46
  Speaker 5: It's in the contract.
• 15:47
  Speaker 7: If you're on YouTube or if you're in zoom, if
• 15:49
  Speaker 7: you never heard that before, put a one in the
• 15:52
  Speaker 7: chat because that's something like appraisal contingency. But, like I said,
• 15:55
  Speaker 7: there's so much stuff for buying a home, like even
• 15:57
  Speaker 7: if you're highly educated.
• 16:01
  Speaker 6: So look, so I want to take a quick quick
• 16:03
  Speaker 6: comment that aid Aid in the in the YouTube comment
• 16:06
  Speaker 6: said he said appraisal contingencies are so rare. Inspection contingencies
• 16:10
  Speaker 6: are more common. He is correct, but they're only rare
• 16:14
  Speaker 6: because people don't know about them, and a lot of realtors.
• 16:16
  Speaker 6: You got to think about it. Every anybody could be
• 16:18
  Speaker 6: a licensed real to anybody can do a deal. If
• 16:21
  Speaker 6: they're not savvy enough, they're not going to know about this,
• 16:23
  Speaker 6: you know what I'm saying. But if you're dealing with sharks,
• 16:27
  Speaker 6: you know, a shark attorney, a shark list, they know
• 16:30
  Speaker 6: about the praiser contingencies and they will have it in
• 16:33
  Speaker 6: there because they know you're just overbidding on purpose and
• 16:36
  Speaker 6: they want to make sure remember their duty, their fiducial
• 16:39
  Speaker 6: duty is for the seller, not you. You know what
• 16:41
  Speaker 6: I'm saying. So the sharks know about this, and they
• 16:44
  Speaker 6: are putting this in contracts now, So it is rare,
• 16:48
  Speaker 6: but it does happen.
• 16:52
  Speaker 7: Matt, you good, got touch of covid? See like little
• 16:56
  Speaker 7: nasal in a cough a little bit?
• 16:59
  Speaker 6: Nah? I got no? Waut you covid? What the.
• 17:07
  Speaker 2: No?
• 17:07
  Speaker 5: You started sweating? Sleep bro.
• 17:11
  Speaker 6: Touching covid?
• 17:14
  Speaker 5: That was like you're about to go do a computer?
• 17:15
  Speaker 6: Man.
• 17:16
  Speaker 5: We need you. We need you out here, yo, we
• 17:17
  Speaker 5: need you, broy.
• 17:19
  Speaker 6: Know what are you talking about to? I sound crazy
• 17:21
  Speaker 6: right now?
• 17:22
  Speaker 5: You look good? You sound good? You look good man?
• 17:28
  Speaker 9: Yo?
• 17:28
  Speaker 6: What's wrong with you?
• 17:30
  Speaker 5: Yo?
• 17:30
  Speaker 6: You know we live right.
• 17:33
  Speaker 5: Anythink you're like? Yo? No, we just like to have fun.
• 17:34
  Speaker 6: We like to.
• 17:36
  Speaker 5: We like that.
• 17:38
  Speaker 6: It's all good.
• 17:39
  Speaker 9: All right, let's take a question. Let's take a question,
• 17:42
  Speaker 9: e y l University. If y'all got a questions, just
• 17:44
  Speaker 9: raise your hands, and you know it's worse. We're going
• 17:46
  Speaker 9: to keep the same type of guidelines. If you got
• 17:48
  Speaker 9: a question, we're gonna call you yourself. Let's keep it appropriate.
• 17:51
  Speaker 9: Let's keep it to.
• 17:52
  Speaker 6: Everybody in the YouTube comments laughing the ass off. I'm
• 17:57
  Speaker 6: gonna get you on, y'all.
• 17:57
  Speaker 2: D m me.
• 17:58
  Speaker 6: How about that?
• 18:02
  Speaker 5: You yourself.
• 18:05
  Speaker 6: Got me sweating.
• 18:11
  Speaker 5: Man?
• 18:12
  Speaker 6: Yeah, yeah, my yo. The office is right there at
• 18:14
  Speaker 6: the studio right now is crazy hoppy and this light
• 18:17
  Speaker 6: is crazy you high.
• 18:18
  Speaker 5: It's red in the background.
• 18:22
  Speaker 7: Look like you look like you're in hell right now,
• 18:24
  Speaker 7: like it got the double red dark is hot your lights?
• 18:31
  Speaker 5: The blue bro?
• 18:34
  Speaker 6: Nah, I like the red today, like.
• 18:35
  Speaker 5: A Halloween like situation going on some horns. You know
• 18:39
  Speaker 5: what it really looked like like you in like Super
• 18:41
  Speaker 5: Mario Brothers or something. No furnace furnish red. I'm sorry.
• 18:49
  Speaker 10: You're good, y'all good. First of all, I rebuked that
• 18:51
  Speaker 10: there's no touch of COVID on you. We're all good there.
• 18:55
  Speaker 6: I rebuked that too, so it's it's Samara.
• 19:02
  Speaker 10: But my question is in terms of doing a refinance, Obviously,
• 19:08
  Speaker 10: you know rates are low, a lot of people are
• 19:10
  Speaker 10: getting into that, and in terms of both like the
• 19:16
  Speaker 10: blueprint and how much you cover there and just generally
• 19:20
  Speaker 10: speaking going into a REFI what are some things that
• 19:23
  Speaker 10: you should kind of know and expect. I know, getting
• 19:26
  Speaker 10: a lower interest rate is usually top of mind there.
• 19:30
  Speaker 10: I went through one previously and I ended up having
• 19:33
  Speaker 10: to pay some money out of pocket because I ended
• 19:37
  Speaker 10: up getting When we've talked about this before, my house
• 19:40
  Speaker 10: got appraised for lower than you know what it was
• 19:43
  Speaker 10: actually not worth, but you know, it came in at
• 19:47
  Speaker 10: a lower praises, so I didn't hit the threshold for
• 19:50
  Speaker 10: the loan amount at a certain percentage. So what are
• 19:53
  Speaker 10: some things to kind of keep in mind when you're
• 19:54
  Speaker 10: doing a refile?
• 19:58
  Speaker 6: First, determine what your goals are, right, I think most
• 20:01
  Speaker 6: people they just say, yeah, I want to refinance, I
• 20:03
  Speaker 6: know rates are low, but they don't really have a plan.
• 20:06
  Speaker 6: So you got to determine if you want to go
• 20:08
  Speaker 6: back to the thirty it's your goal just to really
• 20:10
  Speaker 6: save money. Are you looking at if you have equity
• 20:13
  Speaker 6: in the house, Are you looking to pull some of
• 20:15
  Speaker 6: that equity out so that way you can that way
• 20:19
  Speaker 6: you can invest into other projects. Understanding the comps of
• 20:23
  Speaker 6: your neighborhood I think is very important. You know, take
• 20:25
  Speaker 6: a look at your neighborhood of homes that are similar
• 20:27
  Speaker 6: to you. I mean, we discussed the appraisal process thoroughly
• 20:31
  Speaker 6: in the blueprint. I actually had a license appraiser talk
• 20:35
  Speaker 6: about that part where you've got to really thoroughly look
• 20:38
  Speaker 6: at the comps. Because there's a lot of home sales
• 20:40
  Speaker 6: right now, and if you are a homeowner, you purchased
• 20:43
  Speaker 6: your house a couple of years ago, it's a good
• 20:45
  Speaker 6: possibility you have a good chunk of equity in your
• 20:47
  Speaker 6: house right now. So I would definitely advise probably taking
• 20:49
  Speaker 6: advantage of that and using that to you know, start
• 20:52
  Speaker 6: your investing career if that's something you want to do.
• 20:54
  Speaker 6: But ultimately, everybody has a different goal when it comes
• 20:58
  Speaker 6: to rEFInd it, and so it's really depending on what
• 21:01
  Speaker 6: that person wants and needs are at that moment. Some
• 21:04
  Speaker 6: people just refinance just for the hell of it, just
• 21:08
  Speaker 6: to say they refinancing. But I think you you got
• 21:10
  Speaker 6: to be mindful of the closing costs and things that
• 21:13
  Speaker 6: nature too. So if you're going to refinance, you got
• 21:15
  Speaker 6: to make sure you do some damage with the refound,
• 21:19
  Speaker 6: meaning take cash out, lower your time, you know, things
• 21:22
  Speaker 6: that nature. Just don't look to save money, look for
• 21:25
  Speaker 6: other things. You know, maybe you need to do some
• 21:28
  Speaker 6: home improving in your house to get the value up,
• 21:31
  Speaker 6: you know, take advantage of the low rates by taking
• 21:33
  Speaker 6: equity out at the same time too.
• 21:36
  Speaker 10: All right, that makes sense. So so the closing costs
• 21:41
  Speaker 10: then you mentioned, is a part of that as well,
• 21:44
  Speaker 10: or there are other costs. That's what threw me off.
• 21:47
  Speaker 6: Yeah, there's always going to be closing costs, right, anytime
• 21:50
  Speaker 6: you do a transaction, there's always always closing costs. Now,
• 21:54
  Speaker 6: closing costs on a refinance if you have the equity
• 21:57
  Speaker 6: is rolled into the loan. Typically the only out of
• 22:00
  Speaker 6: pocket expenses the cost of the appraisal when you're doing
• 22:02
  Speaker 6: the refinance. But closing costs, depending on where you located
• 22:06
  Speaker 6: in your loan amount can be anywhere from three to
• 22:08
  Speaker 6: five percent, just depending on location of the property.
• 22:11
  Speaker 10: Got it all right, Thank you, Thank you.
• 22:14
  Speaker 7: Thank you answers YouTube question shout out to all the
• 22:18
  Speaker 7: super chats on YouTube events. Shout out to your shout
• 22:22
  Speaker 7: out to Philly, I believe, and shout out to be
• 22:28
  Speaker 7: Marie one hundred dollars super chat. Appreciate you, she said,
• 22:32
  Speaker 7: can you speak for sale by court appointed Receiver.
• 22:42
  Speaker 11: All right, guys, so a lot of people access how
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• 23:25
  Speaker 5: Let's do it.
• 23:29
  Speaker 6: What's up, y'all?
• 23:30
  Speaker 3: It's the fourth quarter, it's a new month, and what
• 23:32
  Speaker 3: better way to start it than to coming to join
• 23:33
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• 23:35
  Speaker 11: Yes, the fourth quarter is where star players make a
• 23:38
  Speaker 11: name for themselves, So come and join the number one roster.
• 23:42
  Speaker 11: Eyo University is the biggest platform for business in the universe.
• 23:46
  Speaker 11: We have over seventy past classes, weekly classes. We have
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  Speaker 11: a private investment group on Facebook which gives you access
• 23:55
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• 23:58
  Speaker 11: bi weekly real estate calls with MG the Mortgage Guy,
• 24:01
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  Speaker 5: Than yours truly.
• 24:06
  Speaker 11: So head over to EYL University dot com right now
• 24:10
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• 24:16
  Speaker 6: That's right, don't wait, don't hesitate, head over.
• 24:18
  Speaker 5: We'll see you on the other side. Let's do it.
• 24:31
  Speaker 6: Can I speak by I said, what do you want
• 24:33
  Speaker 6: to know? What's the question?
• 24:35
  Speaker 5: M what's the question?
• 24:37
  Speaker 6: Yeah? Because that can go a million different ways, you
• 24:39
  Speaker 6: know what I'm saying?
• 24:40
  Speaker 12: Yeah, man, While she comes back with that question and
• 24:44
  Speaker 12: I'm glad you brought that up.
• 24:45
  Speaker 5: The type of fees.
• 24:46
  Speaker 12: Can you talk about the adjustment fees that come with
• 24:48
  Speaker 12: the closing, because that's something that people will be surprised
• 24:51
  Speaker 12: by that will add added costs that they weren't expected.
• 24:54
  Speaker 5: Can you talk about some of the adjustment.
• 24:55
  Speaker 6: Fees in terms of like taxes and things of that kind.
• 24:59
  Speaker 9: Of maybe there was something in the appraisal that they
• 25:02
  Speaker 9: said that you have to add on oil.
• 25:04
  Speaker 5: Things like that.
• 25:06
  Speaker 6: Well, that's if when you purchasing right. So when you
• 25:09
  Speaker 6: when you purchasing a home, you get you get initial
• 25:13
  Speaker 6: closing disclosure or CD. Now depending on again, where the
• 25:17
  Speaker 6: property is located, like in New York. I'm just gonna
• 25:20
  Speaker 6: speak for New York as an example on this. So
• 25:23
  Speaker 6: in New York, when you get a that's not really
• 25:25
  Speaker 6: the final number that you're gonna bring to closing. Right
• 25:28
  Speaker 6: at the closing table, there's always some sort of adjustments.
• 25:30
  Speaker 6: Sometimes the seller will pay have paid taxes for the year.
• 25:34
  Speaker 6: Let's say if they got an oil tank. Sometimes they'll
• 25:36
  Speaker 6: pay oil in full for you. You got to reimburse
• 25:38
  Speaker 6: them at the closing. You always have to. You got
• 25:42
  Speaker 6: to pay for your attorney if you're in an attorney state.
• 25:45
  Speaker 6: That's not a part of the closing disclosures. The title,
• 25:48
  Speaker 6: the title rep right, the title, the notary that person.
• 25:52
  Speaker 6: Usually it is custom and condon to give them a tip.
• 25:54
  Speaker 6: It can be anywhere from two hundred to four hundred
• 25:56
  Speaker 6: bucks to give them a tip, because that's the person
• 25:58
  Speaker 6: who's responsible for recording the d with the county and
• 26:00
  Speaker 6: everything like that, so you definitely want to tempt them
• 26:02
  Speaker 6: as well. So those are things that get adjusted at
• 26:05
  Speaker 6: the table that you won't find out until really like
• 26:09
  Speaker 6: the day of. But on a refinance, it's pretty cut
• 26:13
  Speaker 6: and dry, you know. The one thing I would tell
• 26:15
  Speaker 6: you is be mindful, especially if you have your taxes
• 26:17
  Speaker 6: and insurance escroll right, cause it's too different. And I'm
• 26:20
  Speaker 6: glad you told about costs. Right. There's costs and then
• 26:23
  Speaker 6: there's escrow. These are two separate things. So your closed,
• 26:27
  Speaker 6: whether it's a refinance or a purchase, it will always
• 26:30
  Speaker 6: include both of those numbers. And people get confused because
• 26:34
  Speaker 6: they don't understand what's the cost and what the actual
• 26:37
  Speaker 6: escrow is. You know what I'm saying. The escrow is
• 26:40
  Speaker 6: not a fee. That's to manage your taxes and insurance.
• 26:43
  Speaker 6: And when you're close in on a loan, if taxes
• 26:45
  Speaker 6: are due within sixty days, the lender will require those
• 26:49
  Speaker 6: taxes to be picked up and paid at closing, plus
• 26:52
  Speaker 6: still set up an escrow account of three to six
• 26:55
  Speaker 6: months to manage that property taxes and insurance as well. Now,
• 26:58
  Speaker 6: depending on where you located, like if you're in New
• 27:00
  Speaker 6: York Westchuster, Long Island. If your tax is ten to
• 27:03
  Speaker 6: fifteen thousand, that could be a huge chunk of money
• 27:06
  Speaker 6: at the closing table extra, you know what I'm saying,
• 27:09
  Speaker 6: that you would have to bring to the table. So
• 27:12
  Speaker 6: just be mindful of your property taxes. Understand this stuff
• 27:16
  Speaker 6: because it comes up all the time and people you're like, oh,
• 27:19
  Speaker 6: I didn't know I had to pay that, and it's like,
• 27:21
  Speaker 6: you have property taxes. It has to be paid, you
• 27:23
  Speaker 6: know what I'm saying. So that's why it's very important
• 27:26
  Speaker 6: for people to understand closing courts and understand how to
• 27:28
  Speaker 6: read their loan estimates and their closing disclosures and know
• 27:32
  Speaker 6: exactly what they're getting into because it's not just about
• 27:34
  Speaker 6: the down payment. You know, when you see online people
• 27:36
  Speaker 6: are always advertising a talk and you need three percent
• 27:39
  Speaker 6: of three point five or as little as this money,
• 27:41
  Speaker 6: But people don't talk about the closing costs and a
• 27:43
  Speaker 6: breakdown of it. And that's what I cover, you know,
• 27:46
  Speaker 6: in detail in the blueprint.
• 27:48
  Speaker 9: Yeah, man, I got a quote with that adjustment. You
• 27:50
  Speaker 9: actually had a school text.
• 27:52
  Speaker 6: My Instagram name is MG the Mortgage Guy.
• 27:55
  Speaker 9: I got a school text bill that that was set
• 27:57
  Speaker 9: to me and I was like, oh, hey, I thought
• 28:01
  Speaker 9: that was taken here, but obviously it wasn't.
• 28:02
  Speaker 5: So appreciate that breakdown.
• 28:04
  Speaker 6: Yeah, and oh hold on, I'm glad you said that.
• 28:06
  Speaker 6: That's another good tip, right for future homeowners and for
• 28:11
  Speaker 6: current homeowners. Just because the bank is managing your taxes
• 28:14
  Speaker 6: and insurance, do not ignore the mail that comes to
• 28:18
  Speaker 6: you from the county or from the insurance company because
• 28:21
  Speaker 6: taxes insurance will always go up, and if you have
• 28:25
  Speaker 6: that included into your mortgage payment, then every year your
• 28:27
  Speaker 6: mortgage payment will go up too. Your principal and interest
• 28:31
  Speaker 6: is fixed because you got to fix rate, but that
• 28:34
  Speaker 6: escrow is what's going to fluctuate. So it's very important
• 28:37
  Speaker 6: you pay attention to those those letters because if the
• 28:40
  Speaker 6: escrow goes up, the bank doesn't care. They're going to
• 28:43
  Speaker 6: pay that bill. Because taxes are first lean on property.
• 28:46
  Speaker 6: If your taxes are not paid, then the county can
• 28:49
  Speaker 6: foreclose on you. So the bank is always going to
• 28:51
  Speaker 6: pay those taxes. But what you have to do is
• 28:54
  Speaker 6: make sure that the city or the county wherever you
• 28:56
  Speaker 6: live is not overcharging you. So you have to pay
• 28:58
  Speaker 6: attention to this and try to grew leave your taxes
• 29:01
  Speaker 6: if you think they're over taxing you. Even with your
• 29:04
  Speaker 6: homeowners insurance the first year your homeowners are two years,
• 29:07
  Speaker 6: your homeown insurance might be cheap, but then out of
• 29:09
  Speaker 6: the blue it may skyrocket another five hundred to one
• 29:12
  Speaker 6: thousand dollars. You're not married to that homeowners insurance company.
• 29:16
  Speaker 6: So if you see their price go up and you
• 29:18
  Speaker 6: call them, if they don't renegotiate it, go find a
• 29:21
  Speaker 6: new company. Is she your choice on who you know
• 29:24
  Speaker 6: you have homeowners insurance with? Not the bank?
• 29:27
  Speaker 5: Okay, all right, let's just so.
• 29:29
  Speaker 7: She actually responded, she said, thank you again for another
• 29:32
  Speaker 7: super chat. She said, looking at purchase, Looking at purchase,
• 29:36
  Speaker 7: I get looking at purchasing the purchase of thirty one
• 29:39
  Speaker 7: properties by quarter pointed receiver of financing.
• 29:42
  Speaker 5: Can it be done.
• 29:43
  Speaker 7: Without hard money question mark cost for property or bulk
• 29:48
  Speaker 7: question mark?
• 29:49
  Speaker 6: That's you're going to have to get some sort of
• 29:51
  Speaker 6: hard money blanket financing. That's all. If you're trying to
• 29:55
  Speaker 6: buy thirty one properties at one time and do a
• 29:57
  Speaker 6: portfolio deal, that's not conventional financing at that's all private financing,
• 30:04
  Speaker 6: hard money, hard money, asset base. You know, blanket loans,
• 30:09
  Speaker 6: you know things of that nature. That's the that's the
• 30:11
  Speaker 6: type of financing that she should try to seek to
• 30:13
  Speaker 6: get that portfolio done.
• 30:15
  Speaker 5: Yeah, makes sense.
• 30:17
  Speaker 6: You need a Linda who's going to specialize in, you know,
• 30:20
  Speaker 6: doing blankets. To be honest with.
• 30:22
  Speaker 7: You, YouTube, if you can hit the like button, we
• 30:25
  Speaker 7: greatly appreciate it. Thirteen hundred on the check in, We're
• 30:28
  Speaker 7: gonna go to a question to somebody because a couple
• 30:31
  Speaker 7: of people have asked where can they get So, yeah,
• 30:32
  Speaker 7: if you just joined it, So Matt, as I said,
• 30:34
  Speaker 7: this is a follow up from his episode, but it's
• 30:37
  Speaker 7: also a follow up from when he dropped his his encyclopedia.
• 30:41
  Speaker 5: I call it cycloped he calls it a blueprint.
• 30:43
  Speaker 7: But what it is is is I think it's like
• 30:45
  Speaker 7: one hundred and ten videos and it's a whole course
• 30:48
  Speaker 7: of a home buying course. And as I told him,
• 30:50
  Speaker 7: I'm like, this is crazy because I never got educated
• 30:53
  Speaker 7: on buying a home. And I think I come from,
• 30:55
  Speaker 7: you know, an educated family, and I never got educated
• 30:58
  Speaker 7: on buying a home. So it's crazy to have this
• 31:00
  Speaker 7: much information. I told him too, Like we put a
• 31:02
  Speaker 7: YouTube video on YouTube once a day, so to put
• 31:06
  Speaker 7: over one hundred and ten videos that it literally would
• 31:08
  Speaker 7: take us two years to upload that much content, so
• 31:11
  Speaker 7: it's really almost impossible to put all that content like staggered,
• 31:15
  Speaker 7: so to put it together, it's just a gym. And
• 31:18
  Speaker 7: what he did was he dropped on the podcast. He
• 31:20
  Speaker 7: did fifty percent for the first five hundred people. That
• 31:22
  Speaker 7: was last week. I spoke to him before we started
• 31:24
  Speaker 7: to see where he was at. Seventy eight slots left,
• 31:27
  Speaker 7: so this seventy eight slots left. After that the price
• 31:30
  Speaker 7: obviously the fifty percent goes away. But I mean I
• 31:33
  Speaker 7: actually went through it. I went through it myself, and
• 31:35
  Speaker 7: I was just amazed by it. So yeah, if you're interested,
• 31:38
  Speaker 7: I'm gonna put the link in the and here center
• 31:41
  Speaker 7: description as well. But yeah, I think he said it
• 31:42
  Speaker 7: was seventy eight slots. That's at the beginning of this video.
• 31:45
  Speaker 7: Seventy eight slots left for the fifty percent off discount.
• 31:48
  Speaker 7: But I just personally have never seen anything like it
• 31:50
  Speaker 7: before on the marketplace. So shout out to you, and
• 31:53
  Speaker 7: shout out to your whole team for putting that together. Because,
• 31:55
  Speaker 7: like I said, I mean, if you really think about
• 31:56
  Speaker 7: in the grand scheme of things, if you look at
• 31:58
  Speaker 7: a college textbook, college textbook, it's like one hundred dollars,
• 32:02
  Speaker 7: eighty dollars just for one textbook.
• 32:03
  Speaker 5: That's what that was. Twenty Yeah, you only use for
• 32:05
  Speaker 5: one semester.
• 32:06
  Speaker 7: So to have something that you can use for your
• 32:08
  Speaker 7: entire life for a couple of hundred dollars, it's a hurt.
• 32:11
  Speaker 6: So but also think about a book. Right when new
• 32:14
  Speaker 6: information comes out, they don't update the book. You know
• 32:17
  Speaker 6: what I'm saying, it's old information. So with the Blueprint
• 32:21
  Speaker 6: Volume one, over the next year, as new information comes out,
• 32:25
  Speaker 6: I'm going to be updating the blueprint with these updates.
• 32:28
  Speaker 6: So that way for.
• 32:31
  Speaker 5: You switch it up on me. Man. I was like, wait,
• 32:33
  Speaker 5: you got a different polo and it's a new video.
• 32:36
  Speaker 5: I've seen you updated already. I said, I've seen you
• 32:39
  Speaker 5: updated already. You switched the polo shirt ons?
• 32:41
  Speaker 6: Oh yeah, yeah, I got a couple updates that went
• 32:43
  Speaker 6: on there. I switched mad polos in there. Tooks hate
• 32:46
  Speaker 6: hates the fact that I did that. Like Twoks is
• 32:48
  Speaker 6: a perfectionist, right, He's like, Yo, keep the same shirt on.
• 32:50
  Speaker 6: I'm like, I'm tired of wearing the shirt.
• 32:53
  Speaker 2: Yo.
• 32:53
  Speaker 6: Were filming some stuff today, Man, I'm updated next week
• 32:57
  Speaker 6: and with a bunch of refinanced stuff homeowners and insurance
• 33:00
  Speaker 6: I'm updated with and there's a couple new guidelines that happens,
• 33:05
  Speaker 6: so I'm going to update that in November. So I'm
• 33:07
  Speaker 6: just going to keep updating in a couple couple videos
• 33:09
  Speaker 6: every single month. People who are actually taking a course
• 33:14
  Speaker 6: right now, they're leaving comments left and right. I'm in
• 33:17
  Speaker 6: there answering questions. I'm getting on the phone with people
• 33:19
  Speaker 6: helping them understand particular sections. So it's not like, look,
• 33:22
  Speaker 6: this is just not like one time course. You don't
• 33:26
  Speaker 6: hear from me ever, Again there's a time limit on
• 33:29
  Speaker 6: the videos. No, it's none of that, you know what
• 33:31
  Speaker 6: I'm saying. Like, once you have it, you can watch
• 33:33
  Speaker 6: it a self paced watch it, you know, or binge
• 33:36
  Speaker 6: watch it for twelve thirteen hours in a row, or
• 33:38
  Speaker 6: take your time with it because you don't never have
• 33:40
  Speaker 6: to worry about any time constraints. And like I said,
• 33:43
  Speaker 6: I'm going to keep updating it too as we go
• 33:45
  Speaker 6: on in twenty twenty one because I know next year
• 33:47
  Speaker 6: there's going to be so many updates that's going to
• 33:49
  Speaker 6: impact that first time home buyer that they're going to
• 33:53
  Speaker 6: need to know this information so I felt like I'd
• 33:55
  Speaker 6: be doing this service by not updating it with this
• 33:58
  Speaker 6: new information.
• 33:59
  Speaker 5: So let's get. Let's get some questions were coming to you.
• 34:02
  Speaker 5: I mute yourself. You've been unmuted. What's up?
• 34:05
  Speaker 13: Hey, Yeah, it's good guys, Thank you guys for everything.
• 34:08
  Speaker 13: MG is my first time tuning into one of your
• 34:10
  Speaker 13: you know, programs and stuff. So this is dope to hear.
• 34:14
  Speaker 6: I'm all good.
• 34:15
  Speaker 5: I'm all good.
• 34:15
  Speaker 13: So I'm an international, I'm immigrant, but you know, been
• 34:19
  Speaker 13: in the US for a minute, so you know, I'm
• 34:20
  Speaker 13: building credit, making my investment moves, trying to prep to
• 34:24
  Speaker 13: go into this home buyer space. And I saw a
• 34:27
  Speaker 13: Business Week article i think today saying the New York
• 34:32
  Speaker 13: had its highest rate of movings during the pandemic, when
• 34:34
  Speaker 13: everyone assumed it would be the opposite. And so I'm
• 34:37
  Speaker 13: you know, I'm thinking about this whole investment strategy of
• 34:40
  Speaker 13: you know, holding by low, sell high. Do you see
• 34:44
  Speaker 13: major changes happening by like next fall, where you know
• 34:48
  Speaker 13: the housing market will sort of level out again, where
• 34:51
  Speaker 13: I could think about buying place when I moved to
• 34:53
  Speaker 13: New York instead of you know, wasting money on rent
• 34:57
  Speaker 13: and stuff like that, or you know, what kind of
• 34:59
  Speaker 13: moves can I be now to prepare for something next year.
• 35:04
  Speaker 6: It's so hard man to answer that question because it's
• 35:06
  Speaker 6: really hard to predict the future, especially when it comes
• 35:09
  Speaker 6: to housing and where the market is going to be.
• 35:12
  Speaker 6: I think a lot, you know, will have to happen.
• 35:15
  Speaker 6: We have to see what they're going to do with
• 35:16
  Speaker 6: the foreclosure and these four barance agreements, you know, devictions.
• 35:21
  Speaker 6: We have to see, you know, how that's going to
• 35:23
  Speaker 6: play out over the next couple of months. We have
• 35:25
  Speaker 6: to see how COVID's going to play out, you know
• 35:27
  Speaker 6: what I'm saying, over the couple next couple months to
• 35:30
  Speaker 6: really determine, you know, what home price is going to
• 35:33
  Speaker 6: go up or down. Me personally, I don't think home
• 35:35
  Speaker 6: prices are going to depreciate next year. I mean, even
• 35:38
  Speaker 6: you know, nar are saying the same thing. All the
• 35:40
  Speaker 6: economists are saying the same thing going into twenty twenty one.
• 35:43
  Speaker 6: They don't really see it slowing down, especially for new
• 35:46
  Speaker 6: purchases because rates is so low and there's so many
• 35:49
  Speaker 6: buyers out there. Inventory is at an all time low
• 35:53
  Speaker 6: right now. Home homes are going above asking. So like
• 35:57
  Speaker 6: even in New York City, I don't really see those
• 36:00
  Speaker 6: homes depreciating like that. What I do see is by
• 36:03
  Speaker 6: the end of the next year, interest rates are possibly
• 36:05
  Speaker 6: going to be back in the mid threes, maybe hot threes.
• 36:09
  Speaker 6: I personally think so. So that's why I'm very vocal
• 36:13
  Speaker 6: on telling folks if you're looking to purchase real estate,
• 36:16
  Speaker 6: take advantage now wise why the rates are right here
• 36:20
  Speaker 6: and you can and if you can afford it. So
• 36:22
  Speaker 6: it's really hard to determine that situation, like next year,
• 36:25
  Speaker 6: what's going to happen. I just keep paying attention to
• 36:28
  Speaker 6: the market, and if you see a right opportunity, jump
• 36:31
  Speaker 6: on it. Don't hesitate because that opportunity won't be there
• 36:34
  Speaker 6: for long.
• 36:35
  Speaker 7: And Stuart, if you if you you're obviously Eyo University
• 36:38
  Speaker 7: did a class or Knaka on a Knacker program that's
• 36:42
  Speaker 7: in e Yo. You Matt and actually facilitated that, And man,
• 36:46
  Speaker 7: I believe that's something. It's like, it's no, it's no downpayment.
• 36:49
  Speaker 6: Right, yeah, Well, Knaka's no down payment, no down payment.
• 36:54
  Speaker 6: You can do one hundred percent financing with with a Knack,
• 36:56
  Speaker 6: a loan, no closing costs, no pm I. The real
• 37:01
  Speaker 6: big thing with Knaker is, you know they encourage you
• 37:03
  Speaker 6: to buy down the rate. You know, it's a good program.
• 37:05
  Speaker 6: You know, Knaka is not a bad program. You know
• 37:07
  Speaker 6: people always ask me all the time.
• 37:10
  Speaker 5: Earners, what's up.
• 37:11
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• 37:13
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  Speaker 6: That's my thoughts on it, and I tell everybody the
• 40:00
  Speaker 6: same thing. Every loan is a tool. You just got
• 40:03
  Speaker 6: to use whatever tool that's available to you. I don't
• 40:05
  Speaker 6: care if it's Knack an fha VA, who cares, right,
• 40:08
  Speaker 6: whatever's going to get the job done, Get the job done.
• 40:11
  Speaker 6: NAC is a resource for that first time home buy
• 40:14
  Speaker 6: You have to go through Knackers process Like you can't
• 40:16
  Speaker 6: come to me or any regular loan officer to get
• 40:19
  Speaker 6: a Knack a loan. You got to go through directly
• 40:21
  Speaker 6: through them and go through their home buying process. But
• 40:23
  Speaker 6: if you can get approved for a Knock and room
• 40:25
  Speaker 6: and you can find a good property, our advise do
• 40:28
  Speaker 6: multifamily with it because it's one hundred percent financing. Go
• 40:31
  Speaker 6: for it.
• 40:32
  Speaker 7: Appreciate, Thank you guys, appreciate check that out Euyuniversity dot com.
• 40:37
  Speaker 7: Is uh, it's like an hour presentation about the whole
• 40:41
  Speaker 7: knack Of program. So I just thought about that. But
• 40:42
  Speaker 7: that's just you know, creative finance and if obviously you know,
• 40:46
  Speaker 7: paying for a damn payment for a home mighty for.
• 40:49
  Speaker 5: A lot of people, especially in the New York area.
• 40:51
  Speaker 7: So you know, faha, we talked about that before Knacker
• 40:54
  Speaker 7: things in that nature where it kind of takes the
• 40:56
  Speaker 7: burden off having a tremendous amount of money up front.
• 40:58
  Speaker 5: Its pros and cons with everything, but in.
• 41:01
  Speaker 6: The con just for full disclosure, it's gonna take some time, right,
• 41:05
  Speaker 6: Don't don't expect to go through a knack Of program
• 41:08
  Speaker 6: in a month, you know, expect to go through a
• 41:12
  Speaker 6: rod you know what I'm saying. It just it is,
• 41:15
  Speaker 6: it is, and if you want to take measure that
• 41:17
  Speaker 6: sometimes got to be patient and go through that process.
• 41:20
  Speaker 6: But it can take a long time. But at the
• 41:21
  Speaker 6: end of it, it's very it's worth it. I know
• 41:23
  Speaker 6: a lot of homeowners who went through the knack Of
• 41:25
  Speaker 6: process and they're they're extremely happy with the results, So
• 41:29
  Speaker 6: go for it if you qualify for it.
• 41:31
  Speaker 5: Yeah, I know, I know, I know.
• 41:32
  Speaker 7: I know a few people that actually got it and
• 41:34
  Speaker 7: it worked out for them. So it's like all things,
• 41:37
  Speaker 7: it's not going to be perfect for every person.
• 41:39
  Speaker 6: But somebody said they heard knock is like going through
• 41:42
  Speaker 6: a triathlon.
• 41:45
  Speaker 7: Yeah, so look, I look at like knowledge is now.
• 41:50
  Speaker 7: So the more you know, the more you be equipped.
• 41:53
  Speaker 7: But if you let's say it worked for three out
• 41:54
  Speaker 7: of ten or four out of ten people, of course
• 41:57
  Speaker 7: seven those seven seventy.
• 41:58
  Speaker 5: Percent of people might be disappointed.
• 42:00
  Speaker 7: For the three people that had to put no money
• 42:01
  Speaker 7: down and got into their home and never thought that
• 42:03
  Speaker 7: they'd bown a home that makes the world to them. So,
• 42:07
  Speaker 7: you know, we have to be careful with judging everything
• 42:10
  Speaker 7: off of one person's experience or even our own experience.
• 42:13
  Speaker 7: Like I might have ate Chinese food and it was terrible,
• 42:16
  Speaker 7: but that might have just been that restaurant that I
• 42:18
  Speaker 7: went to. Like, you know, there's a billion people in China.
• 42:20
  Speaker 7: I can't necessarily say that every person that cooks Chinese
• 42:24
  Speaker 7: food is a terrible chef. It might have just been
• 42:26
  Speaker 7: my own personal experience. For a variety of different reasons.
• 42:29
  Speaker 7: I might just not like Chinese food. It doesn't mean
• 42:32
  Speaker 7: somebody else doesn't like it. So you know, now I
• 42:34
  Speaker 7: was I'm glad you said all those statistics. That was
• 42:36
  Speaker 7: actually actually walking CNBC they had the CEO of Retend.
• 42:39
  Speaker 7: We were saying exactly that that the inventory is low
• 42:42
  Speaker 7: and the prices.
• 42:43
  Speaker 5: Have gone up. It's actually the highest the.
• 42:45
  Speaker 9: Median home costs in Americas at its highest three hundred
• 42:49
  Speaker 9: and eleven thousand right now.
• 42:51
  Speaker 6: So yeah, three hundred eleven thousand, so year over year
• 42:54
  Speaker 6: last year that was I think like two seventy five
• 42:56
  Speaker 6: to seventy nine somewhere around there, and now it's at
• 42:59
  Speaker 6: three eleves. So we got to look at what's happened
• 43:02
  Speaker 6: in twelve months. Right home prices are going up. You know,
• 43:06
  Speaker 6: look at cities like Atlanta where we just were like
• 43:08
  Speaker 6: Atlanta five years ago was dirt cheap.
• 43:11
  Speaker 5: Yeah.
• 43:11
  Speaker 9: You know what the number one city was year over here?
• 43:14
  Speaker 9: Which one Bridgeport, Connecticut one hundred.
• 43:17
  Speaker 6: Bridgeport, Connecticut to Bridgeport one hundred and seventeen increase year
• 43:23
  Speaker 6: over year year over year in Bridgeport and Bridgeport, Connectic two.
• 43:27
  Speaker 6: Shout out to everybody who purchased last year in Bridgeport.
• 43:32
  Speaker 6: And if you purchased three years ago on Bridgeport, really
• 43:35
  Speaker 6: big ups because you you making some money right now.
• 43:38
  Speaker 6: And y'all people need to refinance and tap that equity
• 43:41
  Speaker 6: because it's monopoly money.
• 43:43
  Speaker 7: Money should have got an investment property in Bridgeport.
• 43:46
  Speaker 6: Bridgeport, that's a fact, Monique, We're coming to you.
• 43:49
  Speaker 5: I'll meet yourself. You've been un muted.
• 43:52
  Speaker 8: Hello. So I purchased a two family home in July.
• 43:58
  Speaker 8: I use FAJ and I know they say, like you
• 44:01
  Speaker 8: should start up with like a four unit or a
• 44:03
  Speaker 8: three unit, but I'm from Connecticut and a bunch of
• 44:06
  Speaker 8: New York investors were coming here and purchasing all our property.
• 44:10
  Speaker 8: So I settled for this two family and I was
• 44:14
  Speaker 8: wondering if I would be able to use FHA again
• 44:18
  Speaker 8: for a three three unit.
• 44:21
  Speaker 6: Hum, So you will have to refinance out of your FHA,
• 44:28
  Speaker 6: go into a conventional loan, and then use FAHA again.
• 44:33
  Speaker 6: But the next property. Remember FAHA is only for your
• 44:35
  Speaker 6: primary residents. So if you're moving from a two family
• 44:39
  Speaker 6: to a three family, what's the motivation behind it? And look,
• 44:42
  Speaker 6: I want to tell us that everybody who's listening. Underwriters
• 44:44
  Speaker 6: are not stupid they understand that people house hack, they
• 44:48
  Speaker 6: get it. I Calpacie. Fraud is a big thing in
• 44:51
  Speaker 6: the mortgage industry. Please understand if you're trying to house
• 44:54
  Speaker 6: hack and everything, make it make sense. Actually move in
• 44:57
  Speaker 6: the property, do it for a year, do your year bid,
• 45:00
  Speaker 6: and then move on to something else. Follow the rules,
• 45:04
  Speaker 6: and yeah you can. You can do what you want,
• 45:06
  Speaker 6: but you're gonna have to make it make sense, going
• 45:07
  Speaker 6: from A two to three. If you can make it
• 45:10
  Speaker 6: make sense. And and yeah, you refinance out of your
• 45:14
  Speaker 6: current FAHA and put that into a conventional Absolutely, you
• 45:17
  Speaker 6: can use f h A again for the next property,
• 45:20
  Speaker 6: as long as you're gonna live in for a year
• 45:22
  Speaker 6: and it's your primary residence.
• 45:24
  Speaker 8: All right, thank you.
• 45:26
  Speaker 7: The problem that's crazy that she called because so she
• 45:30
  Speaker 7: just said, like all the New York investors came to Connecticut.
• 45:34
  Speaker 7: So that that was right off to our conversation about
• 45:36
  Speaker 7: Bridgeport prices going up one hundred And.
• 45:38
  Speaker 6: You know what, we should have asked her how much
• 45:40
  Speaker 6: how much money she made so far?
• 45:43
  Speaker 5: I mean money, you're still there money. What part of
• 45:45
  Speaker 5: Connectic kick you in?
• 45:49
  Speaker 9: She muted, Yeah. When he went to the first she said, yeah,
• 45:55
  Speaker 9: I already got No, that was crazy. New York came
• 45:58
  Speaker 9: and ruined it. Everybody, Matt.
• 46:02
  Speaker 7: Apple, So we had, we had.
• 46:08
  Speaker 9: We were sitting there with fourteen year old spurgle billionaire
• 46:11
  Speaker 9: Trey Brown, and.
• 46:12
  Speaker 5: He was actually talking about the FAH loan. Can you
• 46:14
  Speaker 5: tell us.
• 46:15
  Speaker 9: For the people who may be unaware, what the max
• 46:17
  Speaker 9: amount you can get on for FBH loan?
• 46:21
  Speaker 5: It caps out at a number.
• 46:22
  Speaker 6: Correct, it caps out depending on your county, right, So
• 46:25
  Speaker 6: there's different loan limits for county. So the only thing
• 46:28
  Speaker 6: you have to do is to find out what's your
• 46:31
  Speaker 6: FAHA the maximum FAHA loan limit for your county. Simple
• 46:35
  Speaker 6: google it FAHA max loan limit twenty twenty and put
• 46:39
  Speaker 6: your county name, and then you'll probably see Hudd's website
• 46:42
  Speaker 6: will come up, and you can go there and you
• 46:44
  Speaker 6: can punch in your county and they'll tell you exactly
• 46:47
  Speaker 6: what's the max loan amount. Appreciate you, But like in
• 46:51
  Speaker 6: New York, for example, one family seven sixty five a
• 46:55
  Speaker 6: four family one point four million?
• 46:57
  Speaker 5: Wow? Yeah, okay, okay, rich card, we're coming to you.
• 47:02
  Speaker 5: I'm mute yourself. You been I muted? Hey?
• 47:07
  Speaker 9: What else fellas going on?
• 47:09
  Speaker 6: Bro?
• 47:12
  Speaker 16: I had a question about the FAHA as well. So
• 47:16
  Speaker 16: I'm getting all my ducks in the order. I'm in Portland, Oregon.
• 47:18
  Speaker 16: By the way, the prices is kind of crazy, so
• 47:22
  Speaker 16: I think about moving either to Georgia or to Nevada.
• 47:28
  Speaker 17: So the price is very good in Novada.
• 47:30
  Speaker 16: I've been seeing in Las Vegas and so so if
• 47:33
  Speaker 16: if if I want to move here, do I have
• 47:37
  Speaker 16: to do the whole the you know, like that employment
• 47:43
  Speaker 16: thing for two years? Like you know how you you
• 47:47
  Speaker 16: said you have to have an employment for two years?
• 47:49
  Speaker 16: I got, I got all my money, I got like
• 47:51
  Speaker 16: I said, I got all my ducks in order.
• 47:52
  Speaker 17: My credit is right. So now I want to move.
• 47:55
  Speaker 16: Do I have to stay in Oregon in order to
• 47:57
  Speaker 16: get the f A h A Or do I cannot
• 48:00
  Speaker 16: move and get the fachse somewhere else?
• 48:03
  Speaker 6: You can move as long. Where's your employment? Is your
• 48:05
  Speaker 6: employment moving with you? Are you going to get a
• 48:07
  Speaker 6: job in a new city. Is your current job working remote?
• 48:10
  Speaker 6: And you're able to move anywhere? What's your situation?
• 48:13
  Speaker 17: No, I'm self employed. I mean I could do it anywhere.
• 48:18
  Speaker 6: Oh yeah, you're self employeed then so you can move anywhere. Yeah,
• 48:21
  Speaker 6: so you'll be fine.
• 48:23
  Speaker 5: The whole thing.
• 48:24
  Speaker 6: The whole thing with FAHA, bro is primary residents. You
• 48:28
  Speaker 6: can buy owner occupied rental properties with FAHA. As long
• 48:32
  Speaker 6: as your owner occupies your primary residents, then you can.
• 48:35
  Speaker 6: You can move anywhere, especially if you're self employed. And
• 48:38
  Speaker 6: even if you one of these folks who are W
• 48:40
  Speaker 6: two and you're working from home right now, we just
• 48:42
  Speaker 6: need to get proved from your employer stating that it's
• 48:45
  Speaker 6: okay for you to move and work in X, Y
• 48:47
  Speaker 6: and z Z city and work remotely, then you're fine.
• 48:51
  Speaker 2: Gosh, I know folks.
• 48:52
  Speaker 6: I got folks right now moving out of state right now,
• 48:56
  Speaker 6: just because they get to work from home and they
• 48:58
  Speaker 6: keep their New York money and they can take that
• 49:00
  Speaker 6: down south and get more bang for the buck because
• 49:03
  Speaker 6: everything's remote. The kids are remote. Everything's remote. So you
• 49:06
  Speaker 6: don't even have to take the kids out of your school,
• 49:09
  Speaker 6: you know what I'm saying. Like they're still doing the
• 49:10
  Speaker 6: remote and remote working and they just move into different
• 49:16
  Speaker 6: cities right now. So take advantage.
• 49:18
  Speaker 17: Okay, all right, we'll do thanks.
• 49:20
  Speaker 9: No doubt, brother, appreciate you rich uh DeAndre Bell were
• 49:25
  Speaker 9: coming to you. Mute yourself, you've been unmuted.
• 49:30
  Speaker 18: Hey, how you doing, guys, Damn. I didn't think I
• 49:33
  Speaker 18: would be chosen. So my question is me and my fiance,
• 49:43
  Speaker 18: we were gonna get married this year, but because of
• 49:45
  Speaker 18: COVID it kind of got all screwed up. She's one
• 49:49
  Speaker 18: of those that she don't want to get a court wedding.
• 49:51
  Speaker 18: She wants the whole big thing. But we planned on
• 49:54
  Speaker 18: buying next year. That's still the plan, but this time,
• 50:00
  Speaker 18: I mean, we're not going to be married, so we
• 50:01
  Speaker 18: wanted to know the process of buying home.
• 50:07
  Speaker 6: So you said, wait a minute, you said that you
• 50:09
  Speaker 6: are not married. We're not married. We have kids, but
• 50:13
  Speaker 6: we're not married. So if you're not married, I would
• 50:16
  Speaker 6: recommend dividing and conquering, right See if you can get
• 50:20
  Speaker 6: approved on your own, see if she can get approved
• 50:22
  Speaker 6: on her own, and maybe you both buy multifamily. You
• 50:24
  Speaker 6: know what I'm saying, and do it that way. But
• 50:27
  Speaker 6: if you need both income to qualify for one loan,
• 50:30
  Speaker 6: then that kind of throws out my divide and conquer
• 50:32
  Speaker 6: theory right there. But the home buying process, that's what
• 50:35
  Speaker 6: the blueprint, the home Buyers Blueprint is for, is to
• 50:38
  Speaker 6: kind of give you a step by step booklet for
• 50:41
  Speaker 6: you to get your game on track, not your wig,
• 50:42
  Speaker 6: push back and understand the entire process from the very
• 50:45
  Speaker 6: beginning to the end, every aspect of the process, from
• 50:49
  Speaker 6: the loan programs to working with relatives, to working with
• 50:52
  Speaker 6: the bankers, loan officers, appraisals. I mean, everything you need
• 50:57
  Speaker 6: to know about the home buying process is discussed from
• 51:00
  Speaker 6: A to Z in the home Buyers Blueprint Value.
• 51:02
  Speaker 7: One and if you if you buy it a whole
• 51:04
  Speaker 7: matter weblock like if you just like you know, just
• 51:07
  Speaker 7: a couple from just from my understanding, like they they
• 51:13
  Speaker 7: just count it like just two incomes, right, Like if
• 51:15
  Speaker 7: just me and Troy wanted to buy a home like
• 51:17
  Speaker 7: they would just you know, how does that work? Like
• 51:19
  Speaker 7: this one person's credit score over power the other person's
• 51:23
  Speaker 7: credit score or do we just go with one person
• 51:25
  Speaker 7: and the other person is like the co signer if
• 51:27
  Speaker 7: one person's credit isn't as good or how does that work?
• 51:30
  Speaker 6: So anybody who doesn't matter if your co borrow or
• 51:33
  Speaker 6: co signa right, everybody's credit has to meet the minimum
• 51:36
  Speaker 6: credit standards for the program. And then also you know,
• 51:39
  Speaker 6: you want to have income as well and document income.
• 51:42
  Speaker 6: So whoever's on a loan application, we need to vet
• 51:45
  Speaker 6: them out. Now, whether you decide to be a co
• 51:47
  Speaker 6: borrower or co signer's two different things. But we're always
• 51:51
  Speaker 6: going to lose the middle, the middle score when it
• 51:54
  Speaker 6: comes the middle of the three scores when it comes
• 51:56
  Speaker 6: to credit qualifying. And if there's two borrows or three borrows,
• 51:59
  Speaker 6: we're going to use the lower middle schore of the
• 52:02
  Speaker 6: two or three people to determine, you know, interest rates
• 52:06
  Speaker 6: in the program that they qualify for. But we're going
• 52:08
  Speaker 6: to analyze everything, you know, analyze your income's Troy income,
• 52:12
  Speaker 6: your credit, and make sure you the ability to repay
• 52:15
  Speaker 6: is there.
• 52:17
  Speaker 5: So two people, definitely it's more beneficial than one person.
• 52:20
  Speaker 6: Yeah, I mean I've had long applications with six people
• 52:23
  Speaker 6: on it. It just it just has to make sense,
• 52:27
  Speaker 6: you know what I'm saying.
• 52:29
  Speaker 5: Yeah, Yeah, we got some earners in here.
• 52:31
  Speaker 9: Shout out to every if you are earner and you
• 52:33
  Speaker 9: purchased the home Buyers grouprit of course, just put a
• 52:35
  Speaker 9: one in the chat right now.
• 52:37
  Speaker 5: I want to hear for y'all.
• 52:38
  Speaker 6: Shout out to all the earners. Man.
• 52:40
  Speaker 5: Yeah, yeah, yeah, I see this. Well, we got a lot,
• 52:43
  Speaker 5: we got a lot I'm coming with.
• 52:45
  Speaker 6: Let's see, let's shout out to all of y'all, man,
• 52:47
  Speaker 6: I see y'all, man, one of y'all get on here
• 52:50
  Speaker 6: right now. We want to hear your opinion.
• 52:51
  Speaker 7: Of the so, like if somebody is going back to
• 52:54
  Speaker 7: the couple, because that's probably a big question a lot
• 52:57
  Speaker 7: of people want about homes with the you know, Beyonce
• 52:59
  Speaker 7: that their boyfriend whatever. Do you suggest that they should
• 53:03
  Speaker 7: take like some kind of legal like I don't know
• 53:07
  Speaker 7: what it would be, like a trust or something that
• 53:09
  Speaker 7: kind of protect themselves, Like I buy it with my girlfriend,
• 53:13
  Speaker 7: hypothetically speaking, and then we break up, like then we're
• 53:18
  Speaker 7: like both co owners of the property. That probably happens
• 53:21
  Speaker 7: a lot, right, WI.
• 53:23
  Speaker 6: Shippens all the time. And then people don't have they're
• 53:26
  Speaker 6: not vested their title and their deed is not vested properly.
• 53:29
  Speaker 6: And that's another thing we cover in home buys blueprint
• 53:32
  Speaker 6: is vesting. Right. People don't understand the difference between, you know,
• 53:35
  Speaker 6: the different ways you can vest your title. You can
• 53:37
  Speaker 6: give somebody a certain percentage on of the property, you know,
• 53:42
  Speaker 6: So it's a lot of things you can do. If
• 53:44
  Speaker 6: you're doing a COSNA, right, a co signer technically doesn't
• 53:47
  Speaker 6: own the property. They're just responsible for the debt with you.
• 53:50
  Speaker 6: So you know, it's different ways. If you're buying something
• 53:53
  Speaker 6: with your girlfriend and you may not be one hundred
• 53:57
  Speaker 6: percent sure that this relationship might work out in the future,
• 54:00
  Speaker 6: maybe you don't add them on as a co borrower.
• 54:02
  Speaker 6: You do them on. You add them on as a
• 54:04
  Speaker 6: non occupant co signer, right, So that way they're signing
• 54:08
  Speaker 6: the mortgage note and they're saying that they are responsible
• 54:11
  Speaker 6: for the debt along with you, but they don't have
• 54:13
  Speaker 6: no ownership in your property, you know what I'm saying.
• 54:16
  Speaker 6: So it's just all on how you structure your deal.
• 54:18
  Speaker 6: And that's why the blueprint is designed this way, and
• 54:21
  Speaker 6: we're discussing all this because people just don't understand the difference.
• 54:24
  Speaker 6: And then you take it deeper when it comes to
• 54:25
  Speaker 6: your title on how you vest in your title. If
• 54:27
  Speaker 6: you do it as a co borrower, you can structure
• 54:30
  Speaker 6: your title in many different ways. Let's just say, you know,
• 54:33
  Speaker 6: all three of us buy home. We can be tenants
• 54:35
  Speaker 6: in common, or we can have certain percentages of ownership
• 54:38
  Speaker 6: in the title, you know what I'm saying. So it's
• 54:40
  Speaker 6: so many different ways you can protect yourself when it
• 54:43
  Speaker 6: comes to home buying. But people are not discussing. I
• 54:47
  Speaker 6: don't hear nobody talking about vesting or title or you know,
• 54:50
  Speaker 6: any of these things online. It's just the everyday person
• 54:54
  Speaker 6: just really doesn't understand it and they don't take the
• 54:56
  Speaker 6: time to learn it, you know what I'm saying. So
• 54:58
  Speaker 6: there's many ways you can protect your so you just
• 55:00
  Speaker 6: need to have the information.
• 55:05
  Speaker 7: Yeah, that's that's a gym, because like I said, I mean,
• 55:10
  Speaker 7: you know was a gym. Actually you see that all
• 55:13
  Speaker 7: the time as far as couples. Couples they bought home
• 55:16
  Speaker 7: together or whatever and in two years they break up.
• 55:18
  Speaker 7: And it's like, if you married, then that's one thing.
• 55:20
  Speaker 7: You go through a divorce and then a judge and gone,
• 55:22
  Speaker 7: you know, dictate things and you have you know, but
• 55:25
  Speaker 7: if you're not married, you know, stop, what do you do?
• 55:31
  Speaker 5: Sticky situation? A lot of what's going on, bro, you've
• 55:35
  Speaker 5: been unmuted, you've been ready on use yourself. You said
• 55:37
  Speaker 5: you you got the course right.
• 55:39
  Speaker 19: Yeah, yeah, it was going on, gentlemen. I just wanted
• 55:42
  Speaker 19: to give a shout to you guys recent earner. I've
• 55:45
  Speaker 19: been following you guys.
• 55:46
  Speaker 5: For a while.
• 55:47
  Speaker 19: Matt uh, you know, fellow new York native man. So
• 55:49
  Speaker 19: you know, I definitely appreciate all you do.
• 55:52
  Speaker 6: Shout out to you, Elijah. You got the course, you said, Yeah,
• 55:55
  Speaker 6: I jumped.
• 55:55
  Speaker 5: I jumped on the course.
• 55:56
  Speaker 19: I've been on the webinars, I jumped on the court.
• 56:01
  Speaker 19: Already had the membership and due to the course, I
• 56:03
  Speaker 19: upgraded and got the annual membership.
• 56:06
  Speaker 5: You know, I just I just jumped all over it.
• 56:08
  Speaker 6: So yeah, so let's talk about the course work quick.
• 56:10
  Speaker 6: How far along are you in the course.
• 56:13
  Speaker 19: I'm just through the first couple of videos so far,
• 56:17
  Speaker 19: and you know, just really just going through, really just
• 56:21
  Speaker 19: trying to immerse myself in everything, e y l. You know,
• 56:23
  Speaker 19: just due to my current situation. So you know, I'm
• 56:27
  Speaker 19: trying to come out of this COVID thing in a
• 56:30
  Speaker 19: much better situation. And you know, seeing this is the path, man,
• 56:35
  Speaker 19: ey L is the path. You know, I'm trying to
• 56:37
  Speaker 19: jump on this train.
• 56:39
  Speaker 6: Fact.
• 56:39
  Speaker 5: Appreciate that.
• 56:40
  Speaker 6: I appreciate that, you know.
• 56:43
  Speaker 19: So my quick question was, so I was I was
• 56:46
  Speaker 19: starting the process, me and my wife looking, you know,
• 56:50
  Speaker 19: to get a second home. It's it's kind of tricky
• 56:52
  Speaker 19: because we already own a home, but my name is
• 56:56
  Speaker 19: not on the mortgage, and so then I took some
• 57:01
  Speaker 19: money out of my four one K I got like
• 57:03
  Speaker 19: twenty five on hand. I got a little over fifty
• 57:05
  Speaker 19: more still in there, and I was about to start
• 57:08
  Speaker 19: looking into the FAHA process up here in Boston, but
• 57:12
  Speaker 19: then I got laid off. So my question is should
• 57:19
  Speaker 19: I to keep the income consistent? Should I go back
• 57:24
  Speaker 19: because I was in retails, I was in retail management.
• 57:27
  Speaker 19: So should I go back and get something just in
• 57:31
  Speaker 19: retail to keep the income consistent so when it comes
• 57:35
  Speaker 19: time to really start the process, that income stream is
• 57:38
  Speaker 19: consistent or can I just maneuver something with cash on hand?
• 57:43
  Speaker 6: No, I would go back to work immediately, so that
• 57:46
  Speaker 6: way you keep that consistency and keep that W two flowing.
• 57:50
  Speaker 6: And especially if you're trying to take advantage of low
• 57:53
  Speaker 6: down payments and low interest rates, you want to go
• 57:57
  Speaker 6: back to work or get a new job and his
• 58:00
  Speaker 6: retail or whatever. You know what I'm saying, And hopefully
• 58:03
  Speaker 6: it's the same type of thing you were making previously,
• 58:06
  Speaker 6: so that way it's not a decline. But I would
• 58:09
  Speaker 6: definitely say our advis get another job.
• 58:12
  Speaker 19: Okay and keep it consistent.
• 58:13
  Speaker 5: Okay, all right, appreciate it. Appreciate you, Eli, thank you. Man.
• 58:17
  Speaker 6: Let me know if you have any questions about the blueprint.
• 58:20
  Speaker 2: We'll do it.
• 58:20
  Speaker 5: We'll do appreciate it. Thanks fellas. All right, absolutely, a
• 58:24
  Speaker 5: couple more questions. Yeah, I see my guy, My God's
• 58:27
  Speaker 5: calling in there you go. It's good, it's good man,
• 58:37
  Speaker 5: page pace.
• 58:39
  Speaker 2: Face pigs was going down.
• 58:41
  Speaker 6: What's up? Killer?
• 58:42
  Speaker 2: And now I see always tear the land up?
• 58:44
  Speaker 6: Huh superstars the superstars bro always work.
• 58:51
  Speaker 2: It's only right, man, it's toly right.
• 58:53
  Speaker 5: Man.
• 58:56
  Speaker 2: I got the blueprint too, Man, I got the blueprint as.
• 58:59
  Speaker 6: Well, So tell tell people what's your thoughts on a blueprint?
• 59:03
  Speaker 20: Keep it a buck No, I think I think it's
• 59:06
  Speaker 20: it's it's all the way official, man. Like with the
• 59:09
  Speaker 20: in terms of the layout the videos, like you said
• 59:12
  Speaker 20: that people are participating in the comments asking questions that
• 59:16
  Speaker 20: you didn't necessarily cover. But you you know, you you
• 59:18
  Speaker 20: diving right in responding the quizzes. I think that's key
• 59:23
  Speaker 20: because it really forces you to make sure you know
• 59:25
  Speaker 20: what you actually but you just went over you know
• 59:28
  Speaker 20: what I mean. I'm right now, I'm just going through
• 59:30
  Speaker 20: the fah A regulation. So you know that's that's that's
• 59:33
  Speaker 20: a lot of videos right there. Yeah, but some more too. No, no, no,
• 59:39
  Speaker 20: but so far, man, I think it's I think it's
• 59:41
  Speaker 20: I think it's, you know, a one one of the
• 59:43
  Speaker 20: best courses in terms of like the different courses people
• 59:46
  Speaker 20: have online or whatever.
• 59:47
  Speaker 2: I would say it's definitely one of the top ones
• 59:49
  Speaker 2: I've seen.
• 59:50
  Speaker 6: Wo right, thank you. I appreciate that. Bro.
• 59:53
  Speaker 9: You got a question all the question brouh nah nah Man,
• 59:57
  Speaker 9: I just wanted to get on show some love.
• 59:59
  Speaker 2: You know.
• 59:59
  Speaker 20: I know you said you wanted to earn it, you know,
• 1:00:01
  Speaker 20: talk about the course, man, So you know, I would
• 1:00:03
  Speaker 20: suggest everybody go out there and get it. You know,
• 1:00:05
  Speaker 20: I watched all the MATS videos, so a lot of
• 1:00:08
  Speaker 20: the stuff, you know, I see the information, but just
• 1:00:10
  Speaker 20: the way that he's packaged it and organized it in.
• 1:00:12
  Speaker 2: A nice streamline way, you know what I mean. He
• 1:00:15
  Speaker 2: got the little app. You can have it on your phone.
• 1:00:17
  Speaker 20: You got it all the time, like rewind like it's
• 1:00:20
  Speaker 20: it's it's It's definitely definitely worth the money, you know
• 1:00:23
  Speaker 20: what I mean. Get it now, you know what I mean,
• 1:00:25
  Speaker 20: before the price go up, I got it. I'm telling
• 1:00:28
  Speaker 20: you get it. I say, get it for yourself, Get
• 1:00:29
  Speaker 20: it for your kids.
• 1:00:30
  Speaker 6: Man, that's a fact, brother, thank you. I appreciate that.
• 1:00:34
  Speaker 5: Bro.
• 1:00:34
  Speaker 7: Let's just show your cash apps in there in the
• 1:00:36
  Speaker 7: air on YouTube and zoom. We're just gone. We get away.
• 1:00:42
  Speaker 7: We do a little stimulus package.
• 1:00:45
  Speaker 6: Wait, hold on, you're about to give a stimulus package
• 1:00:47
  Speaker 6: away right now.
• 1:00:48
  Speaker 5: Random, this is just a random stimulus just.
• 1:00:50
  Speaker 6: You know what you're giving away?
• 1:00:54
  Speaker 5: Oh, get away.
• 1:00:55
  Speaker 7: We give away one hundred dollars to like five people
• 1:00:57
  Speaker 7: with six people, one hundred dollars apiece.
• 1:00:59
  Speaker 9: You know, fucking I'll match that less less.
• 1:01:04
  Speaker 6: Let's match it.
• 1:01:05
  Speaker 5: Let's let's do it. Let's do it.
• 1:01:07
  Speaker 7: Just random, just a random, just a random What day
• 1:01:10
  Speaker 7: is Thursday? So you know what's crazy is when he
• 1:01:12
  Speaker 7: was in Atlanta, we went to Jeremy uh what's his
• 1:01:17
  Speaker 7: naxt name?
• 1:01:18
  Speaker 6: Man?
• 1:01:18
  Speaker 7: My man shot him. He had us over his house.
• 1:01:22
  Speaker 7: He got a beautiful house out.
• 1:01:23
  Speaker 9: There in Atlanta, Like everybody got like the houses in Atlanta.
• 1:01:27
  Speaker 5: It's crazy, crazy crazy. It's like, what are we doing
• 1:01:30
  Speaker 5: for New York?
• 1:01:31
  Speaker 6: Y'all? Love?
• 1:01:31
  Speaker 17: Man?
• 1:01:32
  Speaker 6: When I saw that house, I saw the pictures, I'm like, man,
• 1:01:34
  Speaker 6: New York is just like so behind that crib in
• 1:01:38
  Speaker 6: New York will probably cost you three million, easy, like
• 1:01:41
  Speaker 6: five million.
• 1:01:44
  Speaker 5: You see the whole thing. The pictures didn't even do
• 1:01:46
  Speaker 5: with justice. Jeremy Anderson, Jeremy and Jeremy Anderson his wife.
• 1:01:49
  Speaker 7: His wife had a as a two room closet. It's crazy, man, Like,
• 1:01:55
  Speaker 7: it's crazy what he's doing.
• 1:01:56
  Speaker 9: When they invited us, right the invitation, I'm like, I
• 1:01:59
  Speaker 9: look at shot him like your what restaurant is in
• 1:02:02
  Speaker 9: a house?
• 1:02:04
  Speaker 7: They had a menu. They had a menu like this
• 1:02:07
  Speaker 7: is this is lunch like salmon over.
• 1:02:11
  Speaker 5: Maccaroni.
• 1:02:14
  Speaker 6: Well he had the chef there too.
• 1:02:16
  Speaker 5: Yeah, you got a personal chef. You had three backyards.
• 1:02:20
  Speaker 9: He talking about putting a basketball court, tennis cornerback and
• 1:02:22
  Speaker 9: I'm looking at him like, damn, you know what.
• 1:02:25
  Speaker 5: Then Neil David something.
• 1:02:26
  Speaker 7: He putting the elevator in his crib foor story elevator
• 1:02:30
  Speaker 7: and living room.
• 1:02:31
  Speaker 5: Like Frank Loser.
• 1:02:33
  Speaker 6: Shout out to Neo the genius.
• 1:02:35
  Speaker 5: Davis a legend.
• 1:02:38
  Speaker 6: Neil is a legend, man, shout shout out to Neo.
• 1:02:40
  Speaker 6: Man that guy special.
• 1:02:42
  Speaker 5: I say that to say they just battling.
• 1:02:43
  Speaker 7: Chris shouting this is two we tell so we sw
• 1:02:46
  Speaker 7: he building his house and then Alex is getting the house.
• 1:02:49
  Speaker 5: It's just crazy.
• 1:02:49
  Speaker 7: So I say that to say, you know, I realized.
• 1:02:52
  Speaker 7: I always knew that, but I just realized even when
• 1:02:54
  Speaker 7: I was a two day afternoon. And one of the
• 1:02:58
  Speaker 7: great things about financial literacy and things that everybody that
• 1:03:01
  Speaker 7: we teach about is it allows your freedom. To me,
• 1:03:04
  Speaker 7: freedom is even more important than money. And it's like
• 1:03:07
  Speaker 7: when you're an entrepreneur, you're investor and you can actually
• 1:03:09
  Speaker 7: live off income that you produce from like investment or
• 1:03:13
  Speaker 7: just your business.
• 1:03:15
  Speaker 5: You can make whatever day you want it to be.
• 1:03:18
  Speaker 7: So if it's Tuesday and you want it to be
• 1:03:19
  Speaker 7: a Saturday, it's Saturday now, correct. And if it's Sunday
• 1:03:24
  Speaker 7: and you want it to be a Monday, you want
• 1:03:25
  Speaker 7: to work like it's Sunday's Monday. You you literally you
• 1:03:29
  Speaker 7: make whatever day you want.
• 1:03:30
  Speaker 5: It to be.
• 1:03:30
  Speaker 7: Like if you want Monday to be Friday, Monday's Friday.
• 1:03:34
  Speaker 7: And that's something that it just kind of hit me
• 1:03:37
  Speaker 7: because they were just like, Yo, it's Tuesday at eleven
• 1:03:40
  Speaker 7: o'clock in the afternoon and we just playing basketball with
• 1:03:42
  Speaker 7: Spargo halfway.
• 1:03:46
  Speaker 6: So now Spargo to young legend Man, shout out to Spargo,
• 1:03:51
  Speaker 6: shout out to truth Jones too. Two young legends.
• 1:03:54
  Speaker 9: Man, I saw that you did a property for him.
• 1:03:56
  Speaker 9: Shout out to him. Were supposed to link, man, but
• 1:03:58
  Speaker 9: he'll get to know. Like sometimes scheduling, especially the way
• 1:04:02
  Speaker 9: we're moving right now, is just like you know, if
• 1:04:04
  Speaker 9: I get a second man, hopefully I can take a
• 1:04:07
  Speaker 9: five minute and that.
• 1:04:07
  Speaker 6: But you know, yeah, I just help him and his
• 1:04:10
  Speaker 6: family secure on Atlanta mansion out there too, man, So
• 1:04:14
  Speaker 6: shout out to the young legends. That's how him moving.
• 1:04:16
  Speaker 6: And that's why I love this error right now, man,
• 1:04:19
  Speaker 6: because you got fourteen year olds running circles around it. Man,
• 1:04:22
  Speaker 6: it's crazy.
• 1:04:24
  Speaker 7: It's it's like, yo, this education man, if you're not
• 1:04:28
  Speaker 7: educating yourself right now, if you're not investing in yourself,
• 1:04:30
  Speaker 7: if you're not on YouTube, listening to podcasts, like reading books,
• 1:04:34
  Speaker 7: getting courses, it's like, this is happening in real time.
• 1:04:36
  Speaker 7: This isn't it. It's not a facade like we see it.
• 1:04:40
  Speaker 7: We see it from everybody that we know personally and
• 1:04:42
  Speaker 7: just you know, taking trips like that, and it's like
• 1:04:44
  Speaker 7: these people just regular people. We're just regular people. Me
• 1:04:47
  Speaker 7: and Troys regular people. You're MG's a regular person, and
• 1:04:50
  Speaker 7: it's like there's nothing really different from us than anybody
• 1:04:54
  Speaker 7: else except we just we've required a little bit more education,
• 1:04:57
  Speaker 7: not through school but through selfish and it has really
• 1:05:01
  Speaker 7: helped us tremendously.
• 1:05:02
  Speaker 5: We just got a truck.
• 1:05:02
  Speaker 7: We're gonna we're gonna talk about that, but we got
• 1:05:05
  Speaker 7: a truck, got an eighteen wheeler, got our first eighteen
• 1:05:07
  Speaker 7: wheeler that we're gonna put on the road God willing
• 1:05:10
  Speaker 7: like within the next couple of weeks. And that's all
• 1:05:11
  Speaker 7: through educational personally.
• 1:05:14
  Speaker 6: Shout out to Alex Man. Alex course is wonderful.
• 1:05:16
  Speaker 5: Man.
• 1:05:17
  Speaker 6: I took his course, you know. And that's what I
• 1:05:19
  Speaker 6: tell people all the time. I purchased courses right all
• 1:05:22
  Speaker 6: the time. Like I purchased Alex Course, I purchased for the.
• 1:05:24
  Speaker 7: States Matrix, Matrix Gon Shock and screw. Now you're looking crazy,
• 1:05:37
  Speaker 7: They say, it looks like it's doctor hell is hot.
• 1:05:39
  Speaker 7: His time limit, his time limit was up. But Troy,
• 1:05:43
  Speaker 7: can you get to the people on zoom get a
• 1:05:45
  Speaker 7: couple of names with people, and so we're gonna give it.
• 1:05:47
  Speaker 7: We're gonna give You're gonna give away to cash that
• 1:05:49
  Speaker 7: hopefully MG comes back, but if not, we'll finish out
• 1:05:52
  Speaker 7: the leg for him. So yeah, MG, his his uh,
• 1:05:56
  Speaker 7: his whole entire cyclopedia. I'm gonna fall the course in encyclopedia,
• 1:05:59
  Speaker 7: but you're over one hundred and ten videos and he
• 1:06:01
  Speaker 7: keeps adding to it. Like I said at the beginning
• 1:06:04
  Speaker 7: of this, seventy eight spots laft So if get interested,
• 1:06:07
  Speaker 7: it's in the description of this video. We also penned it.
• 1:06:10
  Speaker 7: It's on a link in his bio, and it's on
• 1:06:12
  Speaker 7: our website as well, early in leasia dot com. And
• 1:06:16
  Speaker 7: like I said, financial literacy is life for death these days,
• 1:06:19
  Speaker 7: so you know stuff like the Infama. It's only a
• 1:06:21
  Speaker 7: couple of hundred dollars too. That's the crazy thing about it.
• 1:06:23
  Speaker 7: He could have easily charged I tell you, that's a textbook.
• 1:06:25
  Speaker 2: Man.
• 1:06:26
  Speaker 5: I took physics. Yeah that's in college and the textbook
• 1:06:29
  Speaker 5: was two ninety five.
• 1:06:29
  Speaker 7: You could have easily charged thousands of dollars, two three
• 1:06:32
  Speaker 7: thousand dollars. So you know, a couple of hundred dollars.
• 1:06:34
  Speaker 7: That's like a no brain in my in my But yeah,
• 1:06:38
  Speaker 7: hopefully we can come back. If not, we will end this,
• 1:06:42
  Speaker 7: but make sure you cop the merch merche. We're gonna
• 1:06:45
  Speaker 7: do the whole episode about merch, but we changed our
• 1:06:47
  Speaker 7: operations I think that that's something that people can learn about.
• 1:06:50
  Speaker 5: So what'll be giving you the.
• 1:06:51
  Speaker 7: Game or how we change our operation with merch and
• 1:06:53
  Speaker 7: how we are doing it ourselves now. And we got
• 1:06:56
  Speaker 7: a whole operation going with merch and we got a huge,
• 1:06:59
  Speaker 7: huge episode coming out and next week.
• 1:07:01
  Speaker 5: But we got a big episode out right now with
• 1:07:03
  Speaker 5: the homie Snoop. That's a big one.
• 1:07:05
  Speaker 7: So make sure you check that out at end. Yeah,
• 1:07:07
  Speaker 7: shoutut Market Monday shot at Uile University. Everybody on the
• 1:07:10
  Speaker 7: check it. We just wanted to tell you this was
• 1:07:12
  Speaker 7: an imprompto impromp two thing that we wanted to do
• 1:07:14
  Speaker 7: with MG, just to you know, answer some questions if
• 1:07:17
  Speaker 7: we could. It wasn't like a scheduled thing. This isn't
• 1:07:19
  Speaker 7: part of UI University anything like that. This is just
• 1:07:21
  Speaker 7: something that we just randomly did on a random Thursday,
• 1:07:24
  Speaker 7: fresh off the flight, just blew back from Atlanta. And yeah,
• 1:07:27
  Speaker 7: so yeah, MG, greetings and salutations to him.
• 1:07:33
  Speaker 5: On his journey. National Quotes Shop real quick.
• 1:07:36
  Speaker 9: Earnest Andrew had a U Sharita and llocat.
• 1:07:44
  Speaker 5: We've been selected. So I'm gonna just keep maybe running
• 1:07:46
  Speaker 5: down maybe one or two more names.
• 1:07:47
  Speaker 9: But I was like you know, when I hear that book,
• 1:07:49
  Speaker 9: that's because I'm texting it right to shoty ads. This
• 1:07:51
  Speaker 9: is happening, all right, Yeah, yeah, yeah, So shout out
• 1:07:53
  Speaker 9: to y'all. Yeah yeah, yeah, for sure. And I got
• 1:07:55
  Speaker 9: I got toned bag on YouTube. I got Mike math
• 1:07:58
  Speaker 9: on YouTube. I got mom massage message on YouTube. And uh,
• 1:08:08
  Speaker 9: Nephew Nephew nine hundred.
• 1:08:09
  Speaker 5: I like that name. I like that Nephew nine hundred.
• 1:08:12
  Speaker 5: We'll do Nephew nine hundred money seven five seven two,
• 1:08:17
  Speaker 5: and we'll do uh f g M three d oh
• 1:08:21
  Speaker 5: yeah that's what moted. He said, we wasn't live. We're
• 1:08:23
  Speaker 5: about to see how live we really are. I just
• 1:08:24
  Speaker 5: picked you.
• 1:08:27
  Speaker 7: So yeah, we'll get these out tonight unless cash up
• 1:08:31
  Speaker 7: limits us to how much money we can we can
• 1:08:33
  Speaker 7: send you.
• 1:08:33
  Speaker 5: Isn't that crazy? Yeah?
• 1:08:35
  Speaker 7: If not, then we'll do it tomorrow. We'll we'll get
• 1:08:37
  Speaker 7: everybody in. But yeah, man, MG, I'm not sure what
• 1:08:40
  Speaker 7: happened to him, but it was perfect timing because he
• 1:08:42
  Speaker 7: was playing on ending it after the hour anyway, So
• 1:08:44
  Speaker 7: like I said, shouts all earner is out there, shout
• 1:08:47
  Speaker 7: everybody on YouTube. Uh, we got a bunch of stuff
• 1:08:49
  Speaker 7: lined up this impromptu U pop up session Thursday, and oh.
• 1:08:55
  Speaker 21: It's bad back, Matt. He's back with no no sammute yourself, Bro,
• 1:09:01
  Speaker 21: you've been on you been on muting, Like I said,
• 1:09:05
  Speaker 21: shot out there.
• 1:09:09
  Speaker 6: The league, Matt, y'all, I'm back.
• 1:09:14
  Speaker 5: Cut the volume on your phone down.
• 1:09:15
  Speaker 6: I did, Bro, I did so.
• 1:09:17
  Speaker 5: Yeah, we were just closing this out. Bro, he's closing
• 1:09:19
  Speaker 5: this out.
• 1:09:21
  Speaker 6: Yeah, man, I don't know what happened, y'all.
• 1:09:23
  Speaker 9: The matrix, Yeah, that's what happens when you have devil
• 1:09:27
  Speaker 9: read in the back back.
• 1:09:30
  Speaker 6: The devil is a liar son.
• 1:09:35
  Speaker 5: All ears.
• 1:09:35
  Speaker 9: I'm gonna see you this Sunday. It is the start
• 1:09:38
  Speaker 9: of our new book, Money Mesters the Game. So we're
• 1:09:40
  Speaker 9: gonna do a section two.
• 1:09:41
  Speaker 6: Hold on, you gave away a cash shot.
• 1:09:44
  Speaker 9: Yeah, yeah, I got a bunch, so I'll hit you too,
• 1:09:47
  Speaker 9: all right, send me five, all right that we'll see
• 1:09:51
  Speaker 9: everybody on Sunday.
• 1:09:53
  Speaker 5: That's right, Yeah, somebody study all. I'll see you got Sunday, Matt.
• 1:09:58
  Speaker 7: I just I just told them the whole recap of
• 1:10:00
  Speaker 7: the course, the encyclopedia. I don't even like call for cyclopedia,
• 1:10:04
  Speaker 7: but anything. Any last words you want to say.
• 1:10:08
  Speaker 6: For everybody who's out there buying a home right now,
• 1:10:11
  Speaker 6: make sure you understand your purchase contract, make sure you
• 1:10:14
  Speaker 6: have the right expectations going into the mortgage process. Like
• 1:10:17
  Speaker 6: I said early on this Live that the mortgage industry
• 1:10:22
  Speaker 6: is set to have the second biggest year in US history.
• 1:10:26
  Speaker 6: You know what I'm saying, So understand term times might
• 1:10:29
  Speaker 6: be delayed. Appraisals might be delayed right now, underwriter might
• 1:10:33
  Speaker 6: be delayed. So just make sure you have your expectations
• 1:10:36
  Speaker 6: set properly. If you're out here buying property right now,
• 1:10:40
  Speaker 6: it's not easy when it comes to getting loans right now,
• 1:10:44
  Speaker 6: So just have your expectations. But in terms of the
• 1:10:47
  Speaker 6: home buys blueprint, I don't think there's nothing comparable on
• 1:10:51
  Speaker 6: the market to it in all honesty, the information, the
• 1:10:55
  Speaker 6: time that it took to put all of that together,
• 1:10:58
  Speaker 6: one hundred plus videos. Anybody who's in this course right now,
• 1:11:03
  Speaker 6: they're learning, they're retaining. I'm seeing as they're taking these assessments,
• 1:11:08
  Speaker 6: they're passing it, and just from the comments, it's just
• 1:11:12
  Speaker 6: so even if you're in the comments of these sections,
• 1:11:14
  Speaker 6: it's like a whole nother lesson that's going on. So
• 1:11:18
  Speaker 6: I will highly advise anybody who's watching this if you
• 1:11:22
  Speaker 6: plan on buying a home within the next twelve months,
• 1:11:24
  Speaker 6: if you're a first time home buyer, if you're a
• 1:11:27
  Speaker 6: new real estate agent, if you're a new loan officer.
• 1:11:30
  Speaker 6: Especially for the professionals, those classes to get licensed don't
• 1:11:34
  Speaker 6: teach you product. It doesn't teach you the process. It
• 1:11:36
  Speaker 6: just teach you the law. This blueprint is not just
• 1:11:39
  Speaker 6: for the home buyers, for you as well to understand
• 1:11:41
  Speaker 6: and learn the process. There's a lot of loan officers
• 1:11:44
  Speaker 6: in relatives who's purchase this course already and they got
• 1:11:46
  Speaker 6: rave reviews upon it. So this will help you guys
• 1:11:49
  Speaker 6: and help your product knowledge as well before your first
• 1:11:52
  Speaker 6: time home buyers, even if you're a move up buyer
• 1:11:55
  Speaker 6: or you're having purchases at home in a while. You
• 1:11:57
  Speaker 6: just want to have a better understanding of what to
• 1:11:59
  Speaker 6: expect in today's market, Like this is information for today's market.
• 1:12:03
  Speaker 6: You know COVID nineteen. So take the course, learn it,
• 1:12:08
  Speaker 6: retain it, be on the lookout for all the updates
• 1:12:11
  Speaker 6: and look, if you don't follow me already on Instagram,
• 1:12:14
  Speaker 6: hit me MG the mortgage Guy and Earners. There's a
• 1:12:19
  Speaker 6: couple of people that came into comments and asking about
• 1:12:21
  Speaker 6: the e y l u discount. I'm going to post
• 1:12:24
  Speaker 6: a link for e y lu members in the Facebook
• 1:12:26
  Speaker 6: group again, so that way you guys want to purchase,
• 1:12:29
  Speaker 6: That way you can get the e y l u discount.
• 1:12:31
  Speaker 6: If you're not an e y lu member and you
• 1:12:33
  Speaker 6: buy the home Buyers Blueprint, I highly recommend take advantage
• 1:12:36
  Speaker 6: of the bundle that e y l is offering to
• 1:12:40
  Speaker 6: join e y l u two. And that's all I
• 1:12:43
  Speaker 6: really got for you guys. Man, if you DM me
• 1:12:46
  Speaker 6: on Instagram, you're having a conversation with the order responder,
• 1:12:50
  Speaker 6: just please understand that right now, that is not me.
• 1:12:52
  Speaker 6: That's the order responder. And I do check the dms
• 1:12:56
  Speaker 6: from time to time, but I'm not in dms all
• 1:12:58
  Speaker 6: day long. I will highly recommd in. If you have questions,
• 1:13:01
  Speaker 6: turn on your post notifications. If you see me on
• 1:13:04
  Speaker 6: Instagram live, jump on live. I'm always answering questions. It's
• 1:13:07
  Speaker 6: like a home buying seminar every time I go on live.
• 1:13:10
  Speaker 6: So you know, if you don't want to get the
• 1:13:12
  Speaker 6: cost and you still want to learn from me, make
• 1:13:14
  Speaker 6: sure you jump on my lives and go to my
• 1:13:16
  Speaker 6: YouTube channel. MG the mortgage gout and binge. Watch the
• 1:13:19
  Speaker 6: playlist because at the end of this month, I'm archiving everything.
• 1:13:23
  Speaker 5: All right, Bro, we go to get you some more
• 1:13:25
  Speaker 5: merch too.
• 1:13:25
  Speaker 9: Yeah, we get We gotta shout out to the albums.
• 1:13:29
  Speaker 5: Yeah, shout out that album.
• 1:13:31
  Speaker 6: What's that it was written?
• 1:13:33
  Speaker 5: Now we got yeah? Yeah yeah? And coming off.
• 1:13:37
  Speaker 6: Queens get the money. Shout out to queens.
• 1:13:39
  Speaker 5: You know, every time I hear you coming in playing,
• 1:13:42
  Speaker 5: got to.
• 1:13:43
  Speaker 6: Put Queens on. I need some of that pink merchant.
• 1:13:44
  Speaker 6: Where's my where's my my tenured varsity jacket? Man?
• 1:13:49
  Speaker 5: We got we got bunch, got got a whole box.
• 1:13:51
  Speaker 5: Send your whole box of merch.
• 1:13:53
  Speaker 6: Listen, listen, I'm tenured now, Bro, I need jackets.
• 1:13:56
  Speaker 5: On the way.
• 1:13:57
  Speaker 9: I see a lot of people sending sending messages. He's
• 1:14:00
  Speaker 9: hitting me by the ideas. Look, man, I'm excited about it.
• 1:14:03
  Speaker 9: I want to get it out there. Hopefully we'll get
• 1:14:04
  Speaker 9: it out I'm thinking November we're gonna release some stuff.
• 1:14:09
  Speaker 9: We're gonna lease some stuff, some new, brand new things.
• 1:14:11
  Speaker 5: Well send you will send you all the merchant.
• 1:14:13
  Speaker 6: And I appreciate that, fellas. And I just checked the stats,
• 1:14:16
  Speaker 6: is like sixty five left for the fifty percent discount.
• 1:14:19
  Speaker 6: So if you guys want to take advantage, take advantage now,
• 1:14:22
  Speaker 6: because once it's gone, I don't have to tell you.
• 1:14:25
  Speaker 5: I like the quizzes.
• 1:14:25
  Speaker 7: I like the quizies in it too, Like after each
• 1:14:27
  Speaker 7: session remind me of being in school, you get quiz
• 1:14:29
  Speaker 7: on it.
• 1:14:30
  Speaker 5: So but Matt Man, thank you for your time. Appreciate you.
• 1:14:35
  Speaker 7: And yeah, I sent you to cash that information too
• 1:14:39
  Speaker 7: for all those people.
• 1:14:39
  Speaker 6: So all right, cool, I appreciate y'all. Man, shout out
• 1:14:43
  Speaker 6: to all the earners, and shout out to E y
• 1:14:45
  Speaker 6: L Nation. Make sure y'all go check episode one oh
• 1:14:48
  Speaker 6: four and episode twelve The Goat episode.
• 1:14:52
  Speaker 9: Yo O Joe, today, I promise you. We're in the airport.
• 1:14:56
  Speaker 9: This gentleman who was in lineing you look back a
• 1:14:58
  Speaker 9: few times. I was just like, yo, Troy, that's what
• 1:15:03
  Speaker 9: you're doing here.
• 1:15:05
  Speaker 5: And I was like, yeah, we're about to fly back
• 1:15:07
  Speaker 5: to New York. He's like, yo, Man'll be honest with you.
• 1:15:09
  Speaker 9: Man, I've been putting my wife on start listening to
• 1:15:12
  Speaker 9: episode twelve.
• 1:15:13
  Speaker 5: I was like, interesting, interesting episode, I said. I said, yeah,
• 1:15:18
  Speaker 5: we're gonna be doing something with that guy to night. Man.
• 1:15:20
  Speaker 5: He's like y'all gonna check that out, man for sure.
• 1:15:24
  Speaker 5: Episode one oh four.
• 1:15:26
  Speaker 6: Yes, two time champ e y L podcast, the only
• 1:15:29
  Speaker 6: two time champ y'all. Don't forget that back for a
• 1:15:32
  Speaker 6: third one two the only.
• 1:15:34
  Speaker 5: One who's been in this in this in this studio.
• 1:15:36
  Speaker 5: So shout out to you. Man.
• 1:15:37
  Speaker 6: I always love all right, nothing but love my brothers.
• 1:15:40
  Speaker 5: So alight, y'all be safe, be good to each other. Teck,
• 1:15:44
  Speaker 5: somebody call somebody you know.
• 1:15:45
  Speaker 6: Make sure on YouTube. I hit that like button and
• 1:15:47
  Speaker 6: share this with people.
• 1:15:48
  Speaker 4: Man, my graduates from my school being forced back drop
• 1:15:55
  Speaker 4: drop Mike drop drop.
• 1:16:09
  Speaker 22: An illegal alien from Guatemala charged with raping a child
• 1:16:13
  Speaker 22: in Massachusetts. An MS thirteen gang member from Al Salvador
• 1:16:17
  Speaker 22: accused of murdering a Texas man of Venezuelan charged with
• 1:16:21
  Speaker 22: filming and selling child pornography in Michigan. These are just
• 1:16:25
  Speaker 22: some of the heinous migrant criminals caught because of President
• 1:16:29
  Speaker 22: Donald J. Trump's leadership. I'm Christy nom the United States
• 1:16:32
  Speaker 22: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 1:16:37
  Speaker 22: crossings are at the lowest levels ever recorded, and over
• 1:16:41
  Speaker 22: one hundred thousand illegal aliens have been arrested. If you
• 1:16:44
  Speaker 22: are here illegally, your next you will be fine nearly
• 1:16:48
  Speaker 22: one thousand dollars a day, imprisoned, and deported. You will
• 1:16:52
  Speaker 22: never return. But if you register using our CBP home
• 1:16:56
  Speaker 22: app and leave now, you could be allowed to return legally.
• 1:17:00
  Speaker 22: Do what's right. Leave now. Under President Trump America's laws,
• 1:17:04
  Speaker 22: border and families will be protected.
• 1:17:07
  Speaker 6: Sponsored by the United States Department of Homeland Security,