STOP Renting!! Here's How...

One of the easiest ways to purchase a home is with a USDA loan and it's not just for first-time home buyers and you are not limited to just houses.

You can also buy multi-family properties like duplexes, tri-plexes, and even quad-plexes with these loans.

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Wayne Turner now a 30-year professional in real estate explains the details in this video of exactly how you can buy real estate with only $1,000.

No joke, no gimmicks, and nothing to sell you. This is just great helpful information that everyone deserves to know.

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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.

[FrederickHqz]

For those who are putting excuses I’ll place my own scenario. Got a 100% USDA mortgage 30 years fixed, this is a government backed loan so risk is lower for lenders which provides decent rates. Loan was for $220k, seller paid for closing and my mortgage was a little under $1100 which was less than the rent available. Out of pocket wasn’t $1000 because I decided to buy down my rate (2.275%) so did about 5.5K at closing. Excellent experience!

[kathleenmartin]

I got one of these loans back in 1988. They are real, and mine even allowed me to adjust the payment if my income decreased.

[cwarrior]

No down payment or low down payment means high monthly payments

[somebodyimportint]

Where I'm from $1000 barely buys you an appraisal.

[marionwallsten]

The obstacle for me would be home owners insurance, property taxes and indoor/outdoor maintenanece.

[CSI]

I'm in California, and there are so few affordable 3 bed houses. And, a lot of insurance companies are not selling in California anymore.

[empressironbladder]

This is GREAT information, and well presented too! Thank you!

[jasminealyssetv]

Homeless single mom of 3, recently moved from TN to NYC, definitely needed this information ❤

[drew]

You can buy a mortgage loan/house and pay double with the home is worth over the course alone by interest payments and less payments to principal bank love this better. Hope you don’t default cause you’re really only renting it from the bank unless you pay it off.

[Sophien]

Thank you so much for such an informative video. I have never found a realtor who would honestly answer all these questions. Thanks again!

[Platypi]

I didn't get a USDA loan, but I did get one with a very low downpayment. Total costs for me was $8000, which I had. My mortgage is lower than I would be paying for rent. It's a LOT lower than the 40% rent increase I was facing at my old place.

[WackyWitchTV]

I have $10k and single mom! Great credit score! Let’s do this!!!!

[raymonddpowell]

Great information and thank you for being here and sharing all this very important information.

[EdgardoDeJesus]

Great information, presented very well. I appreciate all the details you are sharing and considering

[deltaecho]

Good info, however, there is more to owning a house than a payment. It's called the cost of ownership and encompasses much more out of pocket expense than just a monthly payment.

[UnkleAL]

Mmmm, not sure about the claim of being able to buy a duplex or multi unit property with the USDA program you are referencing - it's called the Single Family Housing program (Section 502) for a reason. It is a good program for a standalone home which is owner-occupied.

[djemplove]

Great video thank you so much. Sometimes I just wish they had a single mom single income home buyer incentive.. USDA is definitely the closest thing to that. However some of the areas that USDA covers the school systems are not that great. And quite frankly it can be a little scary out there in the rural area by yourself and the little ones lol if they had affordable new home developments that offered USDA..that would curb the rural anxiety.

[GhostruckerX]

Getting a camper and owning an acre is better and way cheaper you'll never have to pay taxes. Atleast in texas. Unless you have a family that will stay with you it's not worth getting a house with high expenses you don't yet own. As far as FHA loan it sounds good but you'll just be paying more with mortgage insurance and closing costs 1 3rd of your life. To me that's stupid keep your money people common sense.

[belindahicks]

I'm excited to let my daughter know! She pays almost 1000 dollars a month in rent .

[MelissaFortune]

Awesome info thank you so much! I've shared it with everyone I know that's trying to buy as well I am a new subscriber thank you thank you thank you thank you