FACTS: No Cash but Still Buying a House

It's beneficial to know your options when it comes to buying a home. Often times buying a foreclosure can save you a lot of money but knowing what to look for is critical. So many people are not aware that they can buy a house for just $1,000.

Wayne Turner shares the cost and what to avoid when buying a foreclosure versus buying a new home. His 30 years in real estate give you the quick tools you need to do anything when it comes to real estate.

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*DISCLAIMER* The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with a financial advisor or lawyer. I may earn commission from purchases made through links in this post.

[lsieu]

I really appreciate the advice you share in this episode, Wayne, as you point out what to look for like the condition of the roof and plumbing, what to check like does it have a fence, what improvements add value, and flip or wait to avoid capital gains... Just packed full of good advice.

[Bryanj]

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365, 000 in stocks and assets. Wish I could accomplish that.

[Marksully-ne]

In a perfect world, flipping houses sounds great but we all know we don’t live in a perfect world. I enjoy your videos Wayne

[philiplarson]

Hi Wayne, Great information like always can you make a video on what is going on with the realtor commission fees on the settlement that has been reached, and how it’s going to affect the quality of service that I will receive from my realtor as a seller or buyer your knowledge is very needed on this.

[karaburch]

Those bedrooms are super small. Not to mention, It would take about 50, 000 grand to fix that house up to look really nice.

[RicardoHernandez-zrpw]

That’s a lot of money for just painting!