Inside a $1.49 Million Dollar Home Nurses Can Afford In Folsom California
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- Опубліковано 17 чер 2023
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Want to see the Inside of a 1.49 Million Dollar Home a Nurse Can Afford in Folsom California?
In this video, Monica is going to walk around this home with Brandon ( / brandonbutler_therealtor ) and I'll also speak with him to find out how much home someone can afford if they want to move to this part of California on a $100k, $200k, or $300k yearly income.
Home Listed by:
Ben Bondaruk
RE/MAX Gold El Dorado Hills
Source: MetroList Services of CA,
MLS#: 223051010
www.zillow.com/homes/2038-rit...
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#nurse #realestate #nursestoriches - Розваги
Gotta consider the property taxes, HOA, and mortgage rates when buying a house. Great content brotha!
💯
This home is everything 🩶
Perfect! There’s an opening in the Folsom area at KP! I’m so glad I happened upon this. Man, you two are a wealth of much needed info! I’ll be sharing your channel at SoCal KP for sure!
When Monica said “without all the extra cleaning.” 😊 That house was beautiful!
🤣Thanks!
Do more videos on different house price ranges Jason and really dive into the numbers. Would really help your followers wanting to relocate there!
I agree with this.
Thank you! I will definitely do this. Stay tuned!
Yes more please I'm trying to figure out the best areas to relocate to!😊
@@NursesToRichesJason, lets do it!!
In Sac now with my family looking at communities to possibly live. Been an ICU/crisis RN for 12 years and in Hawaii for the past 8 years. Trying to figure out what I’ll make as a staff RN and what I’d be able to afford for a house. It’s super confusing to know what I could afford.
Jason, please do more videos and interviews on relocating with a family.
Will do! 👍
Lets do it!
Yes pls im a UKRN wanting to relocate to USA with an end point to California (San Diego preferably due to family) wondering whether it is worth it and if we can afford a house. My husband and i are both nurses with 1 kid
This property is giving errthing it's suppose to give! I loved it! I'm happy to see Monica appear again and she did a great job. Your editing skills always get better and I love your contents for that❤.
Thank you soooooo much!
I love that you loved the house!
Can you break down the demographics of the surrounding areas of Sacramento. I’m looking for full diversity and a safe environment. Thank you.
I did that here ua-cam.com/video/TmUAdcqFHMo/v-deo.html
Awesome video. Really got me re-considering the NorCal move.
If your goal is you get ahead financially then I totally recommend it.
Great content. Great personalities
We make about 400,000 a yr and definitely couldn't afford this home without being so broke. We pay 5,000 for rent in bay area and definitely couldn't afford double payment.
Totally feel the same. We pay $4200/mo for our mortgage but our coworker (a nurse) has a $1.8 million home and pays $10.k/mo for his mortgage! I can't even imagine paying that much.
I am currently a nurse and live in Folsom. Unless you are picking up a lot of overtime you are not making $200,000/yr. Most nurses make between $100,000-$150,000/yr working full time. Not realistic.
Do you work for Kaiser?
I worked for Kaiser 2 years ago and didn’t make $200,000 working 32 hours a week. Yes it is doable if both work for Kaiser and both pick up overtime. Most hospitals in this area do not pay nurses $200,000/yr so this is not realistic for the average nurse.
@@bowmanemily definitely not realistic for the average nurse. However, my audience does not want to be the "average" nurse. If you're a Kaiser nurse, the average nurse is making well over $90/hr. $90 x 40 hours per week is $197,600 per year. That doesn't even account for holiday pay, CEUs, and money earned from working smarter not harder (ie. Working 32 hours per week and just picking up 4 additional OT hours to get over the $200k/yr threshold). However, even though I say you could easily make $200k per year and a nursing couple could make $400k, I do not condone buying a home that is more than 25% of your take home pay, as I mentioned in the video.
I was born at MHF, my moms been an RN their for 31 years. Pretty crazy the change its gone through. Glad we have 11 acres in EDH.. they do not build land. Should be worth a pile of cash in a while as the bay area folk continue to flood up here.
11 acres, thats amazing!
Almost similar home in Alabama or Arkansas for 360k.
Which is why many of the real estate investors that I know invest in Alabama real estate.
I’m wondering what I can afford when I move as being a rn as well
Start small build equity for couple years. Then flip to bigger home with 30 to 40% down payment. Rinse and repeat.
Great info and awesome editing Jason, thank you! Can you tell me the web page that was used as the mortgage calculator? We are moving to north carolina and it may be helpful.
Thanks! Here you go www.nerdwallet.com/mortgages/how-much-house-can-i-afford/calculate-affordability
@@NursesToRiches Thank you!!!
Thank you for the videos. Where would you recommend an LPN work and live? Please recommend states. California seems attractive for the overtime laws and vanlife culture which would probably be more ideal until gaining an RN certification. My van would RV camper would be bought and paid for. The overtime and LPN could make may be worth it? My other option may be Houston but I am open to any city - I hope this does not come off wrong, I am a mixed poc male like you and have had some poor luck with the locals in places like MN if catch my drift.
Folsom was one of my favorite towns. It use to have nothing there . All land. They developed it so fast. It has deteriorated d/t the housing , apartments, and population. It is a nice and safe place that I would prefer over a majority of everything else in California. Yet, Ive foreseen rancho Cordova vibes coming over in the future.
I agree with you and can totally see Folsom becoming what Rancho is today.
That won't happen, too close to El Dorado Hills and Granite Bay.
The summer smog is sooooo bad though. I'll take living in the nearby mountains any day of the week
People should be trying to not spend more than that 25% of take home pay you mentioned, but that should ideally include not just your principal and interest monthly payment, but also your monthly insurance and property tax amount, plus and HOA and other special government bond assessment monthly amount due, plus ideally you should add a sizable amount of savings monthly for repairs that will pop up all too often unexpectedly plus the known eventually needed expensive water heater, ac, roof.... replacements, and on top of that, be aware that while your principal and interest payment amounts should not change if you got a 15 or 30 year loan, many of these extra amounts needed monthly will rise most every year, whether your salary does or not. Plus you may want to plan for other monthly expenses like gardeners, pool cleaners, possibly periodic tree trimming (I am currently facing massive shock at how much it is going to cost to get 6 trees cut and removed, 4 being very tall pines, and many others much to tall for us to trim now that we are old, and am glad that I planned ahead for unknown huge expenses so I don't have to put it on a credit card or get a personal loan at today's rates!) Just know that home ownership will be much more expensive than you could ever dream, and a 2 income family could unexpectedly become a 1 income family if something happens to one earner, and if the price of housing has dropped, or even just stayed about the same, you will have trouble selling it without having to pay money when you close on the sale because it costs about 8 to 10% of the sale amount to pay for your realtor fees plus all associated selling fees. If you don't make that much on profit when you sell the house because prices have not risen or dropped, you will have to pay that in cash the day you sell the house. So plan well, and save up a large amount of money for your down payment so you hopefully have some equity in your new house from day one, but also save up another large amount of money just for your newer possible unexpected expenses that will come, possibly only days after you move in, with being a homeowner, and think long term, can we handle to constantly rising associated costs????? Then buy just what you need, not a mansion to impress others that could lead to you being house poor and regretting your purchase!!! Plus, most recently built homes come with a host of issues due to poor build quality so even brand new houses can suck your money faster than you might expect, so keep that in mind also!!
I live in that neighborhood
It's a beautiful neighborhood.
Best neighborhood in Folsom! I ended up selling this house so you probably got a flyer from me!
Thanks for making this type of content because I need to stay off Zillow looking at those 20 million dollar homes knowing that even with crisis pay it ain’t happening 🤦🏾♀️😂🤣🤣😂🤣🤣🤣
Down-payment. Closing. Mortgage. Hoa. Property tax. Home insurance 😁
yeah. i’m a nurse and still can’t afford lol
💯 But Monica and I make $16k to $20k per month (take home). Our mortgage, HOA, property taxes, and home insurance are around $4,000 per month. Our home cost us $697k. We spend less than 25% of our take home pay in our home and could easily live off 1 of our incomes alone.
This is in the new development in Folsom? 1.7 million WOW. Are all the new communities HOA or most?
It's near the new development area. But, yes, this home and almost all other new homrs in this area come with an HOA.
Rn's making 250k a year? do you guys ever take a day off? If you are a work addict like me then i get it but most RN's do part time and call it good. Just saying your numbers are for like 5% of nurses..
You don't even need to work overtime to make $200k as a nurse in Northern California.
I think this is a beautiful home, but 1.5 million used to buy you a mansion. Not that long ago, this would've gone for 1/2 the price.
You're 💯 right
Did she say Asian and Indian cultures? Indians are Asians 🤣