When you refinance your home you will have to get it appraised and whatever the appraised value of the home at that time is what they base it off of. So 400k plus intrested add to the loan. Its a lot of factors to owning a home. I’m a realtor
Be careful with the 401K withdrawal... you're gonna get hit with a 20% penalty off top and you'll have to pay tax on the distribution because you've received pre-tax benefit when you pay into your 401K.
you can usually get a loan of up to 50k too if you are still working for the same company you have to pay it back to yourself basically plus interest though. If you dont pay it then it is treated as a withdrawal.
@ThaRealERAQ right and also you need cash flow to cover the loan, since I think the repayment terms are like 5 years and on $50K that's like a $1,000/mo.
From the moment we are born, we start receiving messages that tell us what to do, what to buy, and how to live our lives. We are surrounded by things that we are expected to own, and we are told that these possessions will make us happy and successful. However, this is not true. In reality, we do not own anything. We are just temporary caretakers of the things that we have. We fill our homes with stuff that we think we need, and we spend a lot of time and money taking care of these things. But in the end, all of these possessions will either be passed on to someone else or they will simply disappear. The truth is that we are just renting this life. We need to treat our world with respect and take care of it for future generations. We should focus on building relationships and connections with others, rather than trying to acquire more and more possessions. We should choose a life that honors and recognizes everyone, and that values experiences over material goods.
At the end of the day, knowledge and education is key all the information you pay for is readily available for free online if you search hard enough. Always being “the victim” gets annoying.
Esso stop playing the victim roll bro you got to educate yourself and stand on principles! If people don’t work with you for that it’s not the right situation
I totally disagree with blacks don't like to read that is a European trope that comes from msm we have a segment of society that doesnt but a great many more do like to read and educate ourselves on certain fields. We have to stop generalizing. Say some who are looking for minimal effort and maximum results. Which does not exist.
Mortgages stay the same ????? That is not true! Property taxes and insurance definitely increase! You know your real estate stuff, but why confuse the listeners like this !?
@@oladeebiazazi4538 Bruh. They are still separate things. If your property tax goes higher your mortgage stays the same. The City gets the taxes, the mortgage company gets the mortgage. If you don't have enough equity they will be collected together. The mortgage company does not want you to fall behind on your taxes, the city take your property and they are left holding the bag. Once you have enough equity the mortgage company is confident that if you lose the home to taxes, the sell of the home to pay the city their taxes will leave enough for them to get their money. Typically (not always) when your property tax goes higher the value of properties in the area have gone higher so that's not all bad. Value went up 2020 while rates were low. By 2022 everybody's taxes and insurance went up. Replacement cost for insurance as material costs went higher, and value of the property.
Come on Ish give the entire answer... Not only do you have to read but you also have to UNDERSTAND what it is you're reading or else reading up on things does you no good... Give ppl a good place to go for beginners...
When people who have money tell people who don’t have as much as them to do things that are not feasible. Get beside yourself and put yourself in that person shoes before giving advice.
Esso, I used to see you on MEO drunk and high hating that you were up there like that. I had no idea that it was your vice to get through the anxiety of cameras and spotlight. So glad you were able to overcome that Lord. Blessings and peace!
Ish is dropping madd knowledge on Esso and it sounds like Esso KEEPS making up EXCUSES on why someone can’t be SUCCESSFUL instead of LISTENING & SOAKING UP the KNOWLEDGE. Ish is giving a free class in Business 101 and ESSO is thinking of EXCUSES on why it can’t happen using SOURCES like MY MAN TOLD ME…or I HEARD from SO & SO….Ish flat out told him DO some RESEARCH, GOOGLE or READ a BOOK 🤣🤣🤣
heineken pls listen more dont jump into conclusions ish asked "why you think they give students credit cards" your answer "its the student loans!" what does that even mean?
gold man sachs losing money for rich people trying to make an extra buck and know the risk. Caesar and Envy was jacking regular people and people in bad situations with a small bag.
I find y'all niggas who defend Umar, funny, and ignorant asf, all he does is peach, and he himself, doesn't even follow preaching, how many baby mamas, does he have, that he's not married to?
Ish is wrong that your mortgage won't ever go up with a fixed rate. Well, he's right lol. It depends on if you have your taxes and everything all in one. So he's right. The taxes go up. See how I realized I was wrong and fixed it in mid comment lol
buying a 3 family is the smartest thing you can do starting out if you can get it for real. He is right about owning vs renting for the most part too, but know your mortgage will go up too just not as fast as rent usually if you have a mortgage because the insurance and taxes usually go up. The taxes usually get capped based on your income unless you live in a red state probably. I could have got a 2 family for 50k back in 08. I regret not jumping on that joint.
Lool Pod cast aint getting shut down that industry will replace TV...that Kat Williams show stopped the world its only the beginning..Podcast will replace TV... these man are hating cuh they are old heads who thought if the kids can do it its easy because they dont respect the creatives or the creative process..they think creatives are dumb and not business minded...yes Pod cast will shrink that's because the cream will rise to the top and the others will fall to the way side because they cant compete because they're boring not likable or have uninteresting takes..Podcast will become the new TV and pod casters the new actors/stars/influences...leveraging corporate sponsorship and direct to consumer opportunities
![[UA] Eternal Fire проти NAVI | EPL Season 20 Malta](http://i.ytimg.com/vi/chvlsDygrZM/mqdefault.jpg)
Ishues we in here!
Yessir AQI 😂😂
The Ishrealites
The Ishlamics!
😂😂😂😂
@@TrashParadiseKing Ishlamics is hilarious 😂😂
Ish needs to come back🔥🔥🔥🔥🔥bagfuel!!!!
Ish dropped alot of good Real Estate knowledge 👌
so much fun, great vibes in conversation agreeing to disagree and note worthy information...thank you! ❤
A voice that we can trust
When you refinance your home you will have to get it appraised and whatever the appraised value of the home at that time is what they base it off of. So 400k plus intrested add to the loan. Its a lot of factors to owning a home. I’m a realtor
Be careful with the 401K withdrawal... you're gonna get hit with a 20% penalty off top and you'll have to pay tax on the distribution because you've received pre-tax benefit when you pay into your 401K.
you can usually get a loan of up to 50k too if you are still working for the same company you have to pay it back to yourself basically plus interest though. If you dont pay it then it is treated as a withdrawal.
@ThaRealERAQ right and also you need cash flow to cover the loan, since I think the repayment terms are like 5 years and on $50K that's like a $1,000/mo.
What's this music book that Esso and Ish are talking about? I know the Donald Passman one. Otherwise excellent discussion in this episode.
The one written by Kashif
Everything you’d better know about the Record industry
I like the comedy analogy and I can do that 😎
From the moment we are born, we start receiving messages that tell us what to do, what to buy, and how to live our lives. We are surrounded by things that we are expected to own, and we are told that these possessions will make us happy and successful. However, this is not true.
In reality, we do not own anything. We are just temporary caretakers of the things that we have. We fill our homes with stuff that we think we need, and we spend a lot of time and money taking care of these things. But in the end, all of these possessions will either be passed on to someone else or they will simply disappear.
The truth is that we are just renting this life. We need to treat our world with respect and take care of it for future generations. We should focus on building relationships and connections with others, rather than trying to acquire more and more possessions. We should choose a life that honors and recognizes everyone, and that values experiences over material goods.
I needed to see this!!
Ayyee!!!! JBP in the building!!
I bought my house at 5.5 IR and two months later got it down to a 2.2 IR
Ish ish ish ish we yell
Let's go ish ❤
Umar killed ish 😂😂
Renting sucks dont do it
Its about time they took it from behind the paywall.
💰⛽
Love Ish's perspective, definitely not Bout that victimhood mentality
Ishkabibles in the house 😅
Trying to become a member & can’t find where to subscribe 🤦🏽♂️
Same. I don’t see the membership tab on the page
It's at the top of the comments
Hit the join tab
At the end of the day, knowledge and education is key all the information you pay for is readily available for free online if you search hard enough. Always being “the victim” gets annoying.
1st
Esso stop playing the victim roll bro you got to educate yourself and stand on principles! If people don’t work with you for that it’s not the right situation
I totally disagree with blacks don't like to read that is a European trope that comes from msm we have a segment of society that doesnt but a great many more do like to read and educate ourselves on certain fields. We have to stop generalizing. Say some who are looking for minimal effort and maximum results. Which does not exist.
Ish is telling you to do your homework, and all the host says is you show give the answers and they should not hold anything back. Do your home work
Ishrealites up in here!
😂💪🏼
Ish really in his bag on this one. Great convo from the team
Ish & esso together always endless gems being dropped
Ish gave out so much free game 😮
& farts 💨 6:40
Mortgages stay the same ????? That is not true! Property taxes and insurance definitely increase! You know your real estate stuff, but why confuse the listeners like this !?
Doesn’t interest increase the cost of a mortgage?
Bruh. If your insurance and or your taxes go up your mortgage is still the same. If your utilities go higher. Your mortgage is still the same.
@@williamgrierson4133 I agree that your insurance doesn’t increase your mortgage but I think property taxes do
@@oladeebiazazi4538 Bruh. They are still separate things. If your property tax goes higher your mortgage stays the same. The City gets the taxes, the mortgage company gets the mortgage. If you don't have enough equity they will be collected together. The mortgage company does not want you to fall behind on your taxes, the city take your property and they are left holding the bag. Once you have enough equity the mortgage company is confident that if you lose the home to taxes, the sell of the home to pay the city their taxes will leave enough for them to get their money. Typically (not always) when your property tax goes higher the value of properties in the area have gone higher so that's not all bad. Value went up 2020 while rates were low. By 2022 everybody's taxes and insurance went up. Replacement cost for insurance as material costs went higher, and value of the property.
I'm so happy you guys got an intelligent brother cuz Heineken don't know s***
They turned a podcast into a real estate consultation. I hope they at least bought a hoodie. Lol😂
😂😂😂😂
Come on Ish give the entire answer... Not only do you have to read but you also have to UNDERSTAND what it is you're reading or else reading up on things does you no good... Give ppl a good place to go for beginners...
I’m trying to understand Esso’s hat and I’ll be honest fam, I don’t think it’s gonna happen for me
Don’t borrow from your 401K unless it’s an absolute emergency. You’re getting taxed 20% and possibly another 10%.
When people who have money tell people who don’t have as much as them to do things that are not feasible. Get beside yourself and put yourself in that person shoes before giving advice.
Why yall so mad on the cover??😂
Yall gotta stop yelling ! sheesh ! sounds like yall bout to fight the whole damn show. Have a conversation fam, this ain’t the block.
Time for part 2 baby 💯🔥
If Ish started a Real Estate seminar, I would definitely pay & educate myself
Esso pls shut up and let Ish talk
Esso, I used to see you on MEO drunk and high hating that you were up there like that. I had no idea that it was your vice to get through the anxiety of cameras and spotlight. So glad you were able to overcome that Lord. Blessings and peace!
This episode was excellent...
🔥🔥🔥🔥🔥
Nobody talking about math shit no more 👀 lol
This was dope. Love yall
Ish dropping game
Ish is dropping madd knowledge on Esso and it sounds like Esso KEEPS making up EXCUSES on why someone can’t be SUCCESSFUL instead of LISTENING & SOAKING UP the KNOWLEDGE. Ish is giving a free class in Business 101 and ESSO is thinking of EXCUSES on why it can’t happen using SOURCES like MY MAN TOLD ME…or I HEARD from SO & SO….Ish flat out told him DO some RESEARCH, GOOGLE or READ a BOOK 🤣🤣🤣
heineken pls listen more dont jump into conclusions ish asked "why you think they give students credit cards" your answer "its the student loans!" what does that even mean?
gold man sachs losing money for rich people trying to make an extra buck and know the risk. Caesar and Envy was jacking regular people and people in bad situations with a small bag.
Either is the hardest response but they don’t understand Kendrick? Aw okay. It’s the black ballin for me 🤦🏾
Ish good people but out debating a PhD lecturer who debates politicians and foreign dignitaries is hubris at it's highest form. But respect.💯
Great discussion !
Don’t be afraid to make it racial. Everything is racial.
Heineken right about those private pages w the egg, cowards
Ish is speaking fact / knowledge is key
Brother ain’t no 1BD for 1500 come back to earth lol
Strong pod. 🌊🌊🌊
Bruh, why is manz eating a caramel while on camera into the mic?
They need to let this man finish his thoughts they cut off too much
Ish snapped
Ummmmm my property taxes are up $400 more per month in 3 yrs
Dropping knowledge in first 5 min 💪🏾 lets go
Ish the refi into the car is mad game!!!!! Damn!!
45:55 hein start going crazy 😂😂😂
Beef take didnt age well
ish got cooked by Umar stop the frontin
Ish is far ahead of umar in life name 3 things you learn from umar that interview besides being "entertained" by their engagement
I find y'all niggas who defend Umar, funny, and ignorant asf, all he does is peach, and he himself, doesn't even follow preaching, how many baby mamas, does he have, that he's not married to?
Umar is a grifter
Nah Umar was talking in circles and not answering questions
@@CaptPicard81You would think people would know that by now.
This Channel on the long run is going to surpass math Hoffa. they're consistent.
Best educated esipode
Own > Rent
Great episode, needed this 💯
Ish is wrong that your mortgage won't ever go up with a fixed rate. Well, he's right lol. It depends on if you have your taxes and everything all in one. So he's right. The taxes go up. See how I realized I was wrong and fixed it in mid comment lol
buying a 3 family is the smartest thing you can do starting out if you can get it for real. He is right about owning vs renting for the most part too, but know your mortgage will go up too just not as fast as rent usually if you have a mortgage because the insurance and taxes usually go up. The taxes usually get capped based on your income unless you live in a red state probably. I could have got a 2 family for 50k back in 08. I regret not jumping on that joint.
Lool Pod cast aint getting shut down that industry will replace TV...that Kat Williams show stopped the world its only the beginning..Podcast will replace TV... these man are hating cuh they are old heads who thought if the kids can do it its easy because they dont respect the creatives or the creative process..they think creatives are dumb and not business minded...yes Pod cast will shrink that's because the cream will rise to the top and the others will fall to the way side because they cant compete because they're boring not likable or have uninteresting takes..Podcast will become the new TV and pod casters the new actors/stars/influences...leveraging corporate sponsorship and direct to consumer opportunities
Damn Esso, why did you tell everyone that Ish did things for free? Maybe he didn't want other people on the come up to know that
Thank you for the positive feedback on renting vs owning. I’m working on buying a home right now 🙏🏽
I had no idea that’s how mortgage brokers make their bread, they are just middle men.
It’s depends on where you live, how much money too have etc. on if it’s better to rent or buy. Some ppl don’t have money to make the down payment
For the 1st 100 yah means that bought the hoodies here’s the consultation right here for ya. 💰💰
Yall should have known better than to ask Ish about rap beef and all that. He's not that guy for that! lol
Actually we do think JP Morgan is scamming 😂 ish
This was an awesome episode. This is the kind of knowledge that needs to be heard.
The Internet really not free
Yes it. Don’t have it, take your ass to the library. No excuses
Ish vs Dr Umar got me to subscribe to the patreon lol
Where do I sign up for an Ish conference?!
Lmao that thumbnail 😂😂 scary podders
Let Ish talk and stop cutting him off
East Orange Stand Up!!!!!!! Preach Ish Preach
Ish always delivers
Thank you so much for the valuable info
So we saying puffy is innocent
Ish why did you bring up crypto ?
I think he doesn’t understand
Coldest photo off 2024????
Detroit in here!! 🫡💯
I think there’s a difference
Ish Unleashed 🙌🏾
Ish look like "why the fuk am I sitting in this 1 bedroom basement right now"
Internet is not free 🤦🏽♂️