Charlotte, NC: Rent is $2,500, but the same home could be purchased for $500,000, which translates to around $4,200 per month in mortgage payments. The likely reason for the difference is that my landlord probably bought the home 20 years ago for $160,000 and has a mortgage with a 3.5% interest rate. In the short term, renting makes more financial sense. However, in the long term, buying is the smarter choice-it’s a no-brainer.
You are sooooo right ...i keep telling these ppl purchasing a home at 5-6-7% percent is ridiculous!! Just like you said...im renting for $2k a month and saving another $2k monthly...thats 24k a year im saving...times that by 30 years. That mortgage on that 500k home gonna run you 1.5mill 😂 hows that an investment 😂😂.
I want to remind viewers that property tax increases will affect your overall home payment. Sure it doesn’t directly affect the mortgage itself but your escrow drawn will increase (if you escrow) which will bump your amount due to a higher amount. Same applies for home insurance. Be aware of your individual situation and location. This is not financial advice, only my opinion!
At 9:09 I mostly agree that your mortgage payment won’t change if the value of the property increases, however there is the danger of your taxes increasing.
I'm sure this is lifestyle specific, but for me even the math for a VA loan doesn't pencil out. I do live in the center of SF (with rent control) so I know the situation isn't typical but at the same time 1/8 people live in NYC, LA, or Chicago...
I think there’s certain parts of the country where if you have something like rent control and you plan to stay in that area forever it does not make sense to buy as it will never pencil out.
From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Virond Thomas, restored hope shes a good woman
Charlotte bate has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
@JenniferBeeston I like your videos indeed, but Cordone is washed out tik tok coke head that most people don't take seriously these days, but whether floats your boat.
Charlotte, NC: Rent is $2,500, but the same home could be purchased for $500,000, which translates to around $4,200 per month in mortgage payments.
The likely reason for the difference is that my landlord probably bought the home 20 years ago for $160,000 and has a mortgage with a 3.5% interest rate.
In the short term, renting makes more financial sense. However, in the long term, buying is the smarter choice-it’s a no-brainer.
You are sooooo right ...i keep telling these ppl purchasing a home at 5-6-7% percent is ridiculous!! Just like you said...im renting for $2k a month and saving another $2k monthly...thats 24k a year im saving...times that by 30 years. That mortgage on that 500k home gonna run you 1.5mill 😂 hows that an investment 😂😂.
I want to remind viewers that property tax increases will affect your overall home payment. Sure it doesn’t directly affect the mortgage itself but your escrow drawn will increase (if you escrow) which will bump your amount due to a higher amount. Same applies for home insurance.
Be aware of your individual situation and location. This is not financial advice, only my opinion!
I fully agree! This is the part they don't tell you!
@@brown_beauty7499 I cover insurance and taxes increasing in the video and also remind that a landlord will pass on increases as well
At 9:09
I mostly agree that your mortgage payment won’t change if the value of the property increases, however there is the danger of your taxes increasing.
Your taxes and insurance will increase. Just as if you are renting and the taxes and insurance increase your rent is going to go up.
I prefer to rent first but I always could learn something
Which is exactly why I am educating myself before I finally move out I am doing my research first I am also looking way ahead of time
Good call:)
Just got a job making $140k. Single income, mid 30s. I'm in MA, but willing to live in NH. I'm going to schedule time with you and your team soon :)
Homeownership is not for the weak. You had better have your ducks in a row!
@@brown_beauty7499 being prepared is key agreed:)
That part!
There is so much great advice in this video. Kudos to you.
I am glad it was helpful!:)
I prefer to invest in The Bank of Beeston. 😇
I'm sure this is lifestyle specific, but for me even the math for a VA loan doesn't pencil out. I do live in the center of SF (with rent control) so I know the situation isn't typical but at the same time 1/8 people live in NYC, LA, or Chicago...
I think there’s certain parts of the country where if you have something like rent control and you plan to stay in that area forever it does not make sense to buy as it will never pencil out.
great content thanks
Glad you enjoyed it
I wouldn't trust GC one bit, a lot of sales pitch..When you hear someone talks like that, just be aware bz when you sink, he's not gonna pick you up..
He's so full of it. I used to like him 10 years ago for sales motivation and stuff but now he's just all for show
I believe you should rent first
Outstanding video!
Thank you Suzanne
@ welcome!! 🤗
Make decent money can’t afford it
then you don't make decent
@@PurpleQueen84 what part of the country are you in?
Same
Oh is that right we will see it's a guarantee that I buy my first house 🏠😊
From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
How please?
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Virond Thomas, restored hope shes a good woman
Spot-on, I would always rate her signals as one of the best ever used 100% accurate.
Charlotte bate has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Any specific guide. I'm from Florida how do I go about this? I think I'm interested how can I get in touch with mrs Charlotte bate
Just got a job as underwriter what should I accept …?
@@KM2025K this is super vague. Need more details
@@JenniferBeeston Ok … what are the pro and cons …they say 30 60 days my first deal commission only ..12 cards a day ..?
Grant is a conman
Of course investors and landlords promote renting 😆
shocking right? lol
As soon as you mentioned Greg Cokedone I was gone
lol I address all his arguments .
@JenniferBeeston I like your videos indeed, but Cordone is washed out tik tok coke head that most people don't take seriously these days, but whether floats your boat.
1st Thanks