How To Buy A House || No Down Payment & Bad Credit

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  • Опубліковано 27 вер 2024
  • Today I show you how to buy a house the conventional way and how to buy a house if you have no money and a bad credit score.
    If you’re serious about exiting the rat race and taking control of your financial future while creating success and fulfillment in all areas of your life, then hop on a call with one of my top strategists to help you get from where you are to where you want to be.
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    Rock Thomas is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Rock Thomas, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Rock Thomas does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
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    NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
    The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Rock Thomas is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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КОМЕНТАРІ • 106

  • @Iwish387
    @Iwish387 3 роки тому +21

    I have a credit score of 703 right now and I’m looking to buy my first house. I’ve been in the same field for the past 2 years and my income has increased. However, I now learned I don’t need to put money down to buy a house. My only thing is, I want to buy a nice house and rent the other rooms where I can make passive income because I’ll be starting med school in August.
    By the way, I’m a licensed real estate agent in FL, but I’m no longer there. I just passed the state exam and never worked a day in real estate since I obtained my license last year.

  • @matthewa441
    @matthewa441 3 роки тому +118

    This video is bogus. It didn't tell me how to buy a house with bad credit and no cash. I dont want to make money. I just want a home of my own.

    • @fmm2339
      @fmm2339 3 роки тому +7

      Agree

    • @kingjayso6400
      @kingjayso6400 3 роки тому +6

      Agreed

    • @wickedbunny2020
      @wickedbunny2020 2 роки тому +8

      Same, my house I’m renting is being sold so I’m being evicted. I’m trying to buy the darn thing so I’m not homeless for Christmas.

    • @iamme7664
      @iamme7664 2 роки тому +2

      You can’t… It’s all clickbait. You’ll have to pay for SOMETHING. Banks are here to make money. If it’s not the down payment, at least you’ll have fo pay for closing costs ( appraisal fees, inspections, legal, title company, bank origination fee, all that jazz). You can’t sign for a 30 year mortgage like you would sign for a car…

    • @BLUE-hp6dd
      @BLUE-hp6dd 2 роки тому +2

      Sounds good but how I know as a first time home buyer that the house owner are not trying to take my money 💰 and not sell me anything?! I have heard so many stories of fraud that Im a little skeptical at this point🙄

  • @abukimar1704
    @abukimar1704 3 роки тому +13

    I just subscribed out of the happiness that this man given me hoping to see more motivational video of you sir ✊🏾

  • @xobabygirlalice
    @xobabygirlalice 2 роки тому

    The house next door is finally got to it's open house & I lost all my Dow payment money now here watching this

  • @wheeliscw
    @wheeliscw 2 роки тому +4

    So at what point in time will you explain how to get a house with no down payment and bad credit? This is what you described in the title. I get it. Your mom gave you $25,000 and that's how it all started. But what if my mom doesn't give me $25,000. How will I buy a house with no down payment and bad credit.

  • @realityrealestate5755
    @realityrealestate5755 Рік тому +2

    The title says no down payment, but in the video he had to put $2000 down. Therefore you need money to put down!

  • @samegirlialwaysam
    @samegirlialwaysam 3 роки тому +16

    How do you buy a house with only 7 months on your job, because you worked under the table? I'm being denied with 10,000 down on a 25,000 house because I can't provide 2years of working.

    • @jonathenrios2501
      @jonathenrios2501 2 роки тому +1

      That’s some bullshit

    • @Tamytutu81
      @Tamytutu81 2 роки тому +3

      Hi MerryAnn. I hear it's easier to get approved with a private mortgage lender or broker than going through the banks. Listen to Noelle Randall. She's pretty good on giving tips on home buying.

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому +2

    My grandpa has reverse mortgage he has now passed its in preforclosure

  • @eddiemontgomery7088
    @eddiemontgomery7088 2 роки тому +1

    This sounds more practical and traditional. Its not as easy as the gurus make

  • @zondawean5031
    @zondawean5031 2 роки тому +4

    I'm in the process of purchasing my 1st home. I'm in serious need of advice. I think have chosen the wrong home or maybe the wrong type of loan. Going through the process I don't feel like I can trust those who specialize in the home purchasing process. I'm starting to feel like I made a bad choice with choosing the type of loan and I want to avoid losing more money if I can. How can I get some advice from you or your team? In desperate need of advice. Thanks in advance.

  • @StaringAtAScreen
    @StaringAtAScreen 3 роки тому +7

    Wow! This is a lot of food for thought. Thanks.

  • @nerissabaxter1113
    @nerissabaxter1113 2 роки тому +1

    In motion right now! Feeling successful 😃

  • @nancylaor3674
    @nancylaor3674 2 роки тому

    I man doing it now and I am in the same state of mind and life. I am looking into a property knowing my situation
    Thanks for your idea
    You gave me one

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому +2

    If anyone can help please

  • @Proklameveritea
    @Proklameveritea 2 роки тому

    Help me get that system you are using in this video. I notice you’re writing down and it’s showering on the screen behind you.

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому +1

    We have to be out by the 17

  • @dmatt2284
    @dmatt2284 2 роки тому +1

    You say you doubled your money but if you was paying a note for 5 years that prolly be $15,000-$20,000 minimum plus you put $25,000 down.You didn’t make shit you just got your money back from the interest you paid for 5 years on the loan.The house cost $100,000 to begin with it an only went up $10,000 in value in your example wtf are you talking about.Maybe I’m not seeing things clearly but the house cost $100,00 you came out of pocket $25,000 and it’s now worth $110,000 5 years late?You didnt make anything you just said it cost a few thousand a year in upkeep also to maintain its value.Anyways maybe I’m dumb but the example didn’t make much sense to me other than you was using your house as a savings account for 5 years

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому

    How do i get a loan to buy pay off the reversed mortgage

  • @amazjunelee
    @amazjunelee 2 роки тому

    Such a great video! 👍🏼

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому

    I seriously need a one on one chat with you

  • @nancylaor3674
    @nancylaor3674 2 роки тому

    I like your video learned a lot

  • @Jamminjuerg
    @Jamminjuerg 2 роки тому

    Nice video thank you

  • @MoneyMastery337
    @MoneyMastery337 2 роки тому +1

    You need to change the title of this video, because it did not answer the question that you have in your title ?????!!!!!

  • @keneechamays8057
    @keneechamays8057 2 роки тому

    I would love for you to help me get my first property

  • @debbiewang5751
    @debbiewang5751 3 роки тому +2

    Can your system work in Califirnia?

  • @kristinawinkle2311
    @kristinawinkle2311 2 роки тому

    And keep it

  • @paulkello8319
    @paulkello8319 2 роки тому

    When he was 25

  • @benwallsfilms
    @benwallsfilms 2 роки тому

    awesomeeee

  • @kidvicious2227
    @kidvicious2227 3 роки тому +1

    But they lend to the government.
    The government has defaulted many, many times over

  • @boycehandymanservices7122
    @boycehandymanservices7122 2 роки тому

    I agree!! 🤷‍♂️🤔😒🙄

  • @DTSupstateNY
    @DTSupstateNY 2 роки тому

    This guy is old no offense but credit didn’t exists until 1989 so his first house was a hand shake deal

  • @NicolasReyes3
    @NicolasReyes3 Рік тому

    I don’t understand why he lie like that

  • @TheSevonne
    @TheSevonne Рік тому

    Thumbs down. Misleading title. Trash advice regardless.

  • @jabnewmedia
    @jabnewmedia Рік тому

    USELESS

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому +101

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @MurrayM525
    @MurrayM525 2 роки тому +98

    WOW, JUST WHAT I NEEDED ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ i got resources from dane on WhatsApp + 1 971 274 0192

  • @kaytoyatheexplorer59
    @kaytoyatheexplorer59 3 роки тому +16

    Oh so you rich rich ..I caught the WE RICH PEOPLE 🤣😂😂

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому +101

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @MurrayM525
    @MurrayM525 2 роки тому +112

    WOW, JUST WHAT I NEEDED ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ i got resources from dane on WhatsApp + 1 971 274 0192

  • @dreamweaver8210
    @dreamweaver8210 2 роки тому +16

    First off. How did he get a credit card with an over $2,000 credit limit with bad credit ? And no he didn’t get a house with no money, he had to have that $2,000 from his credit card. Very misleading. People click on these videos because they have no money and bad credit which means no qualifying for a high limit credit card to borrow against.

  • @andreajeavons5620
    @andreajeavons5620 3 роки тому +27

    So if I’m understanding this correctly. I need to find a desperate enough fsbo preferably one with tenants already living there. And pay for it all with a credit card that I’ve overpayed the premium on? The tenants cover the taxes and stuff. But then I have to keep working to pay for upkeep and the credit card bill? Am I getting all that right?

    • @RockThomas
      @RockThomas  Рік тому

      partly, but your down payment can come from the CC

  • @thepstheps1880
    @thepstheps1880 2 роки тому +4

    My credit score is 657 and the bank said they add a risk to that which takes my score down to 620 and they denied my loan application. I was trying to become a first time home buyer. But credit karma has me at 657 and 655. So I don’t understand that. No one told me that banks do that. I have been working hard to improve my credit score and it’s a slap in the face to see the bank lower it 37 points.

  • @norubber4074
    @norubber4074 2 роки тому +1

    1st thing your gonna wanna do. Get 100k cash
    Wtf kinda info is that

  • @mafia461
    @mafia461 2 роки тому +1

    Bogus video! First he click-bates by saying that he had NO money and really bad credit.
    Then manages to come up with $2,000 from a credit card, money he said he didn't have ( lie #1 ).
    And get approved for a credit card with bad credit ( lie #2 ).
    Stop the BS, people need honest advice for real results.

  • @immawakenow
    @immawakenow Рік тому

    HOW TO BUY A HOUSE WITH NO DOWN PAYMENT AND BAD CREDIT? NOPE MY CREDIT MUST BE AT LEAST 700 OR BANKS WONT TOUCH ME AND YES U MUST HAVE A DOWN PAYMENT. WHY DOES YOUR RTHIMB NAIL TITLE LIE BECAUSE WHEN YOU GET INTO VIDEO YOU SAY YOUR CS MUST BE THIS AND YOUR $ MUST BE THAT. LIES!

  • @blackpearl6836
    @blackpearl6836 Рік тому

    This video is strictly click bait. Don't waste your time. These people make me sick. All they care about is the views. This will not work!

  • @Guttuhmook66
    @Guttuhmook66 2 роки тому

    Lol click bait ass bs… lol this is a “best case possible” scenario type shit

  • @ragnarlothbrok1147
    @ragnarlothbrok1147 Рік тому

    WHAT SHIT TITLE, FAILED

  • @imaspier3
    @imaspier3 2 роки тому

    I don’t have the down payment, I would like buy a house, I have one supermarket building and one land rural and another 21 acre commercial land. How I do?

  • @galagaming2633
    @galagaming2633 2 роки тому

    The only thing I learned is that people will put anything on their video titles for clicks and views

  • @shaival12
    @shaival12 Рік тому

    where do u find house in $65k with $2500 rent, please tell me State n city.

  • @paulcrooks3742
    @paulcrooks3742 3 роки тому

    Why should I buy a property someone try to get rid of

  • @Lala2010wow
    @Lala2010wow 2 роки тому +1

    First... The white board is driving my OCD crazy 🤣🤦‍♀️ I really appreciate your information however.

  • @jayseemotorsports
    @jayseemotorsports 3 роки тому +2

    Interesting video. Got a situation where I know of a decent house, bad situation happened there. Double murder. Property is considered a nuisance since July 2019. I know the owner personally. Used to rent there. Older woman, deceased husband. And the property is just sitting. What approach should I take to take over the property, remodel it of course and possibly live there, rent it or sell it. Need a little consulting. Credit is not good and working with about $1-3k to available at the moment. I own my own business.

    • @schafer240
      @schafer240 3 роки тому +1

      That's a dangerous situation, with renovations theyre are always hidden costs and the carrying costs of the house, while doing renovating will drown you, with no tenants to cover the costs of the home.
      Things to think about
      1. You'll have to get the home significantly under value
      2. Youll have to make sure the numbers work with after repair value and what costs itll take to get it there as well as what income you'd be able get with tenants
      3. You'll have to take a big loan, if you can get one.
      Your best option would be to partner up with someone and make sure you run your numbers and make sure it would be worth the time and effort.
      Best of luck

    • @LaBelle22
      @LaBelle22 2 роки тому +1

      Hell no! Pass!

  • @simplytrolling6869
    @simplytrolling6869 2 роки тому +1

    Those opportunities are soooooooo common! This video was so helpful!

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому +103

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому +218

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому +103

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому +102

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @pickfordgotham4426
    @pickfordgotham4426 2 роки тому

    OH MY OH MY i AM SO GLAD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I was able to make 4.4 BTC in just September from implementing trades with tips and info from dane on WhatsApp + 1 971 274 0192

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @collinthomas-lb4zc
    @collinthomas-lb4zc 2 роки тому

    I basically bought 1 1/2 cars buy the time I paid off the car--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake My cousin referred me to Dane on WhatsApp + 1 9 7 1 274 0192 ,I’m favoured by their service

  • @MurrayM525
    @MurrayM525 2 роки тому

    WOW, JUST WHAT I NEEDED ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ i got resources from dane on WhatsApp + 1 971 274 0192

  • @MurrayM525
    @MurrayM525 2 роки тому

    WOW, JUST WHAT I NEEDED ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ i got resources from dane on WhatsApp + 1 971 274 0192

  • @MurrayM525
    @MurrayM525 2 роки тому

    WOW, JUST WHAT I NEEDED ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ i got resources from dane on WhatsApp + 1 971 274 0192