Oh my gosh, PLEASE PLEASE PLEASE, get your home inspected before you buy! You need to get a GOOD one! You don't NEVER get your plumbing fixed because you had one experience with a bad plumber. You don't NEVER get a life saving surgery because you had one bad experience with a doctor. You just need to be SMART about who you hire! My home inspector was a life saver. He found so much, was able to help us talk through whether the expense of fixing those things was worth it, and helped us prioritize the order in which we would do those repairs. You just need to get recommendations, just like you would ANY OTHER service person!
Yes!! Came to say the same thing. Do NOT skip the inspection!! It sounds like Alex may have gotten grifted; I don't remember our inspection being more than maybe $350... It's also VERY important to get an INDEPENDENT inspector. DON'T take one that was recommended by the seller or seller's agent. When we were looking to buy a house, we were spared MAJOR problems because the inspector caught WOOD ROT and a CRACKED FOUNDATION in two of our first interested places. Then on the one we did buy, he found a few small repairs that we'd need to do that we could then negotiate off of the selling price. I also wonder if Alex could've taken some of the issues that came up later and gone back to the inspector with proof of all they missed. If nothing else, he might've been able to get some sort of refund if not some other compensation. Non-potable water seems like a gigantic miss!
@@stacefacemarie don't never = do always. The double negative PURPOSELY cancels each other. Double negatives aren't bad grammar. Take it from an English teacher with a masters in the subject.
Mine was a well respected, independent, and experienced inspector. He was $350 and awesome! Everything has been swell with the house with minor fixes and upgrades that were working on. Specifically wanted to make sure our septic, foundation, and plumbing were okay. We're locked into a horrible interest rate right now, we're really itching to refinance making us pretty house poor.
I do think it is generally a good idea but ive also never known anyone to have a good experience with an inspection. Every single person i know that has bought a house in the past 5 years (so about 10-15 people) have ended up with serious issues within the first few months that should have been caught by any decent inspector. Inspectors just dont give a fuck anymore because they get paid regardless.
@@GoHerpingamazing! Please don't EVER sell. Your doing phenomenal. As time passes change will happen and so will you and one day when you look back you are going to be so glad you did what you did.
I second this i tried to help out a friend of a friend who got kicked out by her dad. I had to kick her out after 2 months for non payment of the lowest rent in my town probably for a studio appartment she didn't pay a cent. 2 years later she has paid back 100 euros of the debt still owns 900. I regret ever renting to even a sort of known person recommended by a friend informally. Luckily no problem with tenants since but i had someone who knows rental laws to write me up a contract pretty standard and boilerplate.
You don't need a lawyer for that, it's a waste of money, you can do it yourself. Write a contract and record them reading it outloud and signing it. I'd recommend doing it in front of a notary so they can stamp it. In my state a notary can charge 5 dollars MAXIMUM. Usually people at banks are notaries so call around to a few banks to see if they have one or know of one. My grandma is one so she can notarize stuff for family and friends. Most things that can be done by a lawyer can be done by the average person. For example: my friend went to court by himself with 2 hours of sleep, he wrote his own motion in a few hours, he couldn't find anything online to help him so he contacted a few lawyers and they all quoted him 3,000. They didn't help him out at all of course. My friend barely spent any time on the motion and he won in court. He even paid 2 hours for parking because he thought it would take a long time, but it didn't. He still had over an hour left so he walked around the buildings to get his moneys worth on parking. A few people in my family have been their own lawyers too, and they won. It's very simple.
Hell no. I bought my first house at 21... this was back in 2012. And then I was mortgage free by 31, just abfew years ago. Had I not bought a house when I did, i would be stuck renting like everyone else, or still stuck with a mortgage
Getting roommates (with an application,stable income and calling references) who are a good fit and saving up and using that income to furnish/decorate the home is a good idea. I am a big believer of your home influencing your mental state. If my home is a messy disaster, I just feel stressed at home. Maybe starting with your attic could help! Also think on the postive side, you have a great blank slate. You can make the house whatever you want to fit your style!
Other option: It seems like you already have the relationship with your house as a landlord. You're rarely there and there for maintenance. You may as well rent it to a family and find a tiny house in your area. Then you get to live out a dream of a tiny house lifestyle while using that for content. Then when you're ready, move into your house again and make it into a home with the money you saved.
Disagree, he's paying tens of thousands per year in repairs with more to come. The low rate is a wash bc he overpaid for the house as he admits. I'd say sell it, rent a cheaper 1 bedroom apartment, and start grinding with all his gig work or learn a trade like trucking. He will build up a huge amount very fast, especially since he already knows how to invest in equities (but should just invest, not trade). Source: I learned 10 yrs ago from someone who knows how to reach financial independence ways to build wealth efficiently and logically. This includes NEVER buying a house. The math never works out in your favor. Even houses that doubled in value end up in the red for you after considering expenses, ppty tax, fixes, etc
For what it’s worth, this is the exact type of video that makes me so glad I subscribed to you several months ago. Hearing how you problem solve and make a way for yourself is inspiring, encouraging, and entertaining at the same time. That and the roommate series- that was comedy gold 😂
Definitely dont sell the house, and rent it out instead if you want to move. Interest rates will never be that low again and long term it is a great investment. You've already put in so much time and money into it too. Something to think about too is that DIY Home Improvement videos seem to be really popular on UA-cam and you seem pretty handy, so that could be great content. Home Inspections are an important part of the process but I think you really just got scammed, on average they should cost around $500. Since you do like the area and house otherwise, you can also just move back in when you're ready whether thats 3, 5 or 10+ years from now. You'll be glad to still have it.
My guy, stop feeling like you’re stuck and tied down because you’re paying on the house. You have a relatively low mortgage payment so finding a renter to cover it shouldn’t be that difficult. Spend the next year making necessary repairs to the home i.e. (the windows, electrical, and heat etc..) then rent it out and go live your dream of traveling and making content. Also, as I’m sure anyone that’s ever bought a house can tell you, things breaking or going out and having to do home repairs is just part of being a homeowner. Yes buying a home is an investment but it’s also a lot of maintenance and upkeep, and unfortunately can become quite costly at times. But being a homeowner, especially at your age and in this current housing market is something you should be proud of. Live your life without regrets and be grateful that you came from a household that supported you in all of your endeavors, who instilled key values in you to have a good work ethic, determination, and a good understanding of finances at such a young age that it allowed you to be in the situation you are in now.
Definitely not a mistake. I'm also 24 and currently saving up to buy a home & It feels impossible... Does not help that I am in Miami. If I were you, I'd Airbnb the house. Fence off a portion of your backyard for your animals. If you live in a beautiful area, take advantage. Include local trails, parks, restaurants, etc. in your listing, and I'm sure you'd have some extra money coming in. I think it might be worth a shot.
The thing about successful BnB's though is that most of them are fully furnished and usually have a "theme" of sorts. Not sure he's willing to dump that amount of money into the house for the BnB income. That's easily several thousands of dollars to either do it himself or hire an interior designer to furnish it and make it appealing.
Prioritize yourself with these next set of roommates Alex. You got the experience and the content out of the last set of roommates, but you are running a business and you need to get that cash!
Selling t-shirts taught me about financial freedom. Not in the sense that I became a millionaire, but in the sense that I was able to actually survive off of something that I created without having to clock in for anyone. I would spend no more than $125 on production. That $125 not only includes the product fees but also the printing fee. I sold shirts at $25 each so usually my new design would profit me anywhere from $250-$375 just on the first day of release. So you do the freedom math there. Although there were days where I only made $75, as long as I had a shirt I had a dollar!!!
Bro I’m in The capital of NC and been watching u since your were a tiny lil jit!! U helped me get over my fear of snakes and have been breeding ball pythons for 6 years now
before renting out rooms again you need to find out the laws for your town, i rent rooms out also and have 2 people that rarely pay and another that told me he would never leave and i had to take him to court and evict him through the court and that took over 1 month to do and i had to leave my house until it was finale, that was the law, document everything and do not let them get behind on rent, get a proper contract, they will damage your stuff, once they move in they can not pay another dime and you have to evict through the court system.
@@aaacomp1 lol if you are threatened by the renter and do not want to lay down and go to sleep with them in your house yes you do have to leave, the police told me to find a place, you do not know anything, i lived it.
Start remodeling the house and making diy videos on UA-cam for profit plus to educate yourself and others, like right there with your duct taped window lol.. make a video how to replace an old window. A lot of people are diying everything because it’s so ridiculously expensive to hire contractors so I think that you’d possibly get some new subscribers/views. Maybe you would start to appreciate it more once you’ve added some personal touches.
I'm incredibly proud of you for purchasing your new home at such a young age. Here I am at 65, jobless, homeless and friends turning their backs on me (understandably). I haven't watched the video yet, Airbnb which I frequent might be a good option for making money. Short term rental
I have been watching your channel for over 6 years and i have to say that your recent videos from the last 2 years is what really brought me back and Im hooked. If you would have just continued making the reptile videos i would have probably never come back to watch your channel regularly. Don't get me wrong I am still interested in wildlife as I have always been but your recent type of videos about making money and you being transparent about your life, working out, renting your car and rooms. Is to me way more interesting at this current time. I also feel a certain way about your videos that I do not get from any other youtuber and that is that you are honest to the audience and you don't go out of your way to make something more interesting than it is. You show everything for what it is and that I appreciate a lot.
Even though there was a lot of issues on the house, you cant ignore the luck and effort you put into getting it. You got so much going for you, just gotta get the things straight and it’ll be great!
Hope your next roommates are chill I feel like it's always 50/50 with them.. Make sure to have a rental contract like others said so you can evict them if they're wack..
I did HVAC in Concord, I 100% agree with you that home inspectors are scams. I should charge money everytime someone says " I had it inspected!" when shocked when I drop a replacement quote.
Honestly your videos are so different that I love them. This was such a good video too. I’ve been thinking about purchasing a home too but all the videos I watch are either people in their 40s - 50s trying to tell me how easy it is or people in their 20s - 30s describing the entire house but not the process so thanks. This house will most certainly be worth it in the long run! Stay strong and thanks for the great content!
I've never seen one of your videos before but it was really interesting to see someone else's perspective on the pros and cons of buying a house. I'm even more grateful now than I was when I bought mine at 28 that it was not a big push to buy houses at the time. It was during the housing bubble burst so I got really good interest rates and houses were cheap. I'm not house poor at this point but everything else has gotten so much more expensive and wages just haven't kept up so all the updates I was dreaming of doing are definitely postponed for who knows how long. I am still happy with my decision to buy though as I am now living in some place that is safe to walk around and hang out and I have not heard a single gunshot. I moved out on my own when I was 18 so it took me about 10 years to save up to get a house.
its great to see young adults like this, just taking the initiative to try things, even if you fail keep going, failing is an integral part of success! So many people in 2024 are scared of failing. I saw with my own eyes, that my uncle bought a house outright, since he had the money to buy it, with no house payments, It was a far easier process for everyone involved in that deal but understandably not a lot of people can do that. just make sure you have above good credit and have 3 times the monthly house payment before buying a house as a blue-collar. it's indeed stressful so being financially responsible is absolutely a MUST!!
35 year old male here who finds you and your content incredibly inspiring. I’ve been through my own share of roommate troubles and can relate a lot to your experiences as well. I’m at the point where I don’t want to live with anyone anymore and even a potential partner is going to have to be as large of a neat freak as I am to have a chance at cohabitation.
This is very admirable. Great job doing so much and even breaking into real estate so young. I wish you the best of luck. I'm 40 and just bought my first rental home so you started WAY before me! You must have been quite disciplined with money so kudos for that too!
Congratulations on purchasing your home! Great achievement!!! So sad to hear about all the repairs 😫 that’s frustrating You seem like such a lovely person & you deserve it all ☺️
Hey bud. Just wanna let you know that I got a house in 2022 in Charlotte. 1500 SQ FT for $382K and a 4.99% interest rate. You’re doing really good for what you got. Most of the 900 sq ft houses are going for 300K lol
Tiny House sounds like a good idea for you. Thank you for sharing this video and most importantly being REALISTIC about how you went about purchasing. As someone who is also in their 20s, this was very insightful.
I've been looking for homes on Redfin in North and South Carolina, and I can't believe the condition of the homes for sale. Right from the photos are cracks in countertops and walls, and a shocking number of people don't clean their homes before putting photos up on Redfin LOL.
I bought my house when I was 21, now I'm 43, and people are paying more for rent than I pay for my house. Don't give up the house while you are young. A fixed price is a good thing. It was hard when I was young, but all of my friends gave up and sold and now they pay more for rent than they would have payed for a house, if they just didn't give up.
I still have my original house that I bought at 21 years old, and life has caused us to earn more, but our cost is fixed. It becomes easier every 10 years after purchase. Only the first 10 years is hard.
very interesting… i’m basically the same age as you (maybe a couple months younger) and also moved out at 19 but had a completely different path in life. i moved out because i couldn’t bear living with my parents, and i got a job offer 2000 miles away for the minimum living wage. i’ve only ever rented apartments but before i moved i had aspirations of a spacious single family home in a suburb like my parents did. but having rented apartments i realized just how freeing not having clutter was. how nice shared amenities are. how great it is to live in an urban neighborhood where you don’t need to drive anywhere. i didn’t have to worry about repairs or maintenance, apartment complexes usually hold regular events, i have so much free time. am i missing out on equity and building wealth? maybe. but fuck that noise im in my 20s there’s much for me to learn and grow from. i value the friends and community i built much more than the original aspirations of 18 year old me of wealth and prosperity. i dont regret renting for one second, and i dont think ill ever own a home. not because i cant, i can with my current salary, but because its an evil soul sucking endeavor (no offense).
Bought my first home in 2021 2.875 % interest. I had the same freakish timing just needed place to live since landlord was selling. Bought at 23 but i only spent 174k. Plan to pay off in the next 8 years and maybe rent it out.
Sorry hear this, Contact an attorney, if the home was not a sold-as-is property stated in the contract, you may be able to sue the inspector and the company. Up to 4 years from purchase to sue the inspector/company not sure if this depends on the state but the attorney should know. May be worth looking into.
I bought my condo last year right before turning 21 and i regret nothing 😭 the money i save by not renting makes the ownership maintenance and BS HOA worth it. Hoping to upgrade to a house in a couple years 👏 and it WILL become a reptile zoo. Imma just have every room with a scaly baby and fishtanks.
You should go on financial audit I think it would be really interesting to see what a professional would say about your finances as a whole especially with the Teslas and all the work to the house
Dude...I got a tesla about a month ago and I'm on the same path. I have a family and all that back home but I've decided its the only time in my life I might be able to get out there and travel around. Checking out national parks, airbnbs, just stuff. I'm from NC too and we should meet up on an adventure sometime soon and make some neat content.
Personally the toll this house is having on your life isn’t worth the hassle, you can find rent for half the price. Get your equity out it may be very difficult to find a renter with the state of the home as you mentioned… better to have the flexibility and temporarily put off home ownership till you are in a healthier financial position.
I’d also mention if you have other debts (you said you did) they are eating away at your wealth quicker than this home is building it. I’d hold on until summer (prices peak with warm weather) and sell, a home is a great thing to own but don’t get caught up in it for the wrong reasons.
That house inspection comment is the truth. I kinda wanted to be a house inspector just because mine was so terrible. I had a terrible experience as well with a home inspection. I paid about 1500 and that person didn’t find any of the areas of previous roof leaks that came back a few months after. Just terrible how they do such a terrible job.
I've been thinking about the van life lately. If you end up getting room mates then there's no reason you can't get a van and start traveling. If their paying the bills for you then hit the road and travel. It will do you good
KEEP the house! You have a great rate the market is not going back down. The house is very unlikely to return to a "reasonable" cost. House prices crash once or twice a decade and then go even higher. You got super lucky with such a low rate. Rent it out if you can!
That's a great mortgage rate! Your best bet is to pay down the principal with a small extra payment each month, which also reduces your regular monthly payment over time. Meanwhile you could try out renting space to other SM video creators, especially small ops, like gamer streams, make-up and crafting vlogs, etc who do need the privacy and freedom to make some noise, but don't need a lot of room.
I feel ypu man. Bought mine last year about 2 years ago at 23 and man there have been alot of moments where im like should i have bought this. My home is 180k and i got roommates paying for the rooms i dont use. But man do i miss my apt and the simple problems that would show up lol
I agree with you on the home inspection. They miss so much and have a disclaimer for why it's okay that they're wrong blah blah blah. Waste. Houses always suck in the beginning and usually work out in the long run. This house is perfect for a house hack. Look into Bigger Pockets "Set For Life".
I think in the future you will look back on this time as well worth it. Housing is a necessity and you got in when it was way less expensive. You can make a bunch of money house hacking. I think you are on the right track. You might even consider putting an RV on the property so you have your privacy In that and you can have an extra tenant in the home.
The house may not be great but having a house at this day and time is fabulous. Many families can't get into the American Dream. You are so fortunate. What job are you doing now?
You just won the interest rate lottery. I say rent it out to good/decent tenants (not like the last ones) even at a lower rate if it means you're more comfortable.
Air bnb the house depending on location, I didn’t buy at 21 but I did at 23, I’m now also turning 25 in a few weeks. It’s the situation you were talking about it’s a $190k house I paid $250k for valued at $285k that is somewhat custom, I picked into it because of working for the builder. Rent it out get passive income or air bnb is what I’m gonna do because it’s the highest ROI is what I’ve seen. Real estate is an investment not liability
when you said you love nc at 29:07 i gasped why cause i live in nc as well :> nc is a great place if you love the outdoors i will say tho alot of the towns here don't have to much to do in which sucks but i love it here
The best way to pound tea post is with a sledgehammer from harbor freight get on top of one of those 4 foot stepladder things get some eye protection on and tap tap tap and pound pound pound also get the utility companies out there before you pound in anything too far I usually just go up to the wide metal thing at the base of the post but sometimes utilities will lay stuff pretty shallow so be careful! They will come out for free and Mark where not 2 pound
We habe 10 acres, in Bradenton FL, if you need to rehome your chickens ? Do some traveling. Take a cruise? Your house is awesome. Very sorry for your loss.
This is like the most relatable video I've ever been recommended, it's insane. I grew up loving reptiles (although my parents wouldn't let me keep them in the house so that never actually came into anything), also dropped out of high school to persue work (albeit in a much different field), made a good bit of money and ended up buying my first house at 21 (which was last year so unlike you I got locked into a 7.5% interest rate for the time being, although my house of the same purchase price as yours has appreciated almost 100k since purchase just a year ago so I'm still not at a loss), well water confusion, old house problems, don't even stay there every night because I can just stay elsewhere, dumped a lot of money into a bunch of bullshit, and I second guess it all the time (especially considering how high of an interest rate I got in at). Only thing I disagree about is that my home inspector (and everyone along the way with mortgage/insurance/any part of the home buying process) because they were all either family friends or associates of family friends, not that I grew up with much money at all, but it just helps that my dad is in a related field so it just came about that way. Also about to get a model 3 too lol. Thanks for making this video, I feel less alone in my strange dilemma I've put myself in.
This video stressed me out more than I can really articulate, mostly because it reflects so much of my own life. I don’t own and I certainly have no savings of any kind, but the sense of jumping from place to place and breaking rental rules because you have no other option encapsulates my life so very hard. Your APR is a damn saving grace, though.
i plan on leaving my parents whenever i get one of the few apartment blocks i've applied for which could take like a few years until a room is available
100% get you. Brought a multi family during 21 for a 2.75 interest. My goal’s dont align with it anymore and now im just like ehh. I hate it. Want to get rid of it so I can chase my other financial goals
I'm loving the idea. You moving In the attic and completely monetizing the entire lower floor. Either through air BNB or just obtaining some roommates through Craigslist or somehow. Just go about with those intentions this time. Because last time it kinda went crazy at the end. But hey it was a life experience. Either way you got this, I've been following you for a few years and you've always been driven and a fuckin hustler. I look forward to the next part of this story, thanks for sharing
I think you did the right thing, and you're lucky enough to say you own a house at your young age and make that kind of money so you don't ever experience being homeless
Oh my gosh, PLEASE PLEASE PLEASE, get your home inspected before you buy! You need to get a GOOD one! You don't NEVER get your plumbing fixed because you had one experience with a bad plumber. You don't NEVER get a life saving surgery because you had one bad experience with a doctor. You just need to be SMART about who you hire! My home inspector was a life saver. He found so much, was able to help us talk through whether the expense of fixing those things was worth it, and helped us prioritize the order in which we would do those repairs. You just need to get recommendations, just like you would ANY OTHER service person!
Yes!! Came to say the same thing. Do NOT skip the inspection!! It sounds like Alex may have gotten grifted; I don't remember our inspection being more than maybe $350... It's also VERY important to get an INDEPENDENT inspector. DON'T take one that was recommended by the seller or seller's agent. When we were looking to buy a house, we were spared MAJOR problems because the inspector caught WOOD ROT and a CRACKED FOUNDATION in two of our first interested places. Then on the one we did buy, he found a few small repairs that we'd need to do that we could then negotiate off of the selling price.
I also wonder if Alex could've taken some of the issues that came up later and gone back to the inspector with proof of all they missed. If nothing else, he might've been able to get some sort of refund if not some other compensation. Non-potable water seems like a gigantic miss!
@@stacefacemarie don't never = do always. The double negative PURPOSELY cancels each other. Double negatives aren't bad grammar. Take it from an English teacher with a masters in the subject.
Mine was a well respected, independent, and experienced inspector. He was $350 and awesome! Everything has been swell with the house with minor fixes and upgrades that were working on. Specifically wanted to make sure our septic, foundation, and plumbing were okay. We're locked into a horrible interest rate right now, we're really itching to refinance making us pretty house poor.
I do think it is generally a good idea but ive also never known anyone to have a good experience with an inspection. Every single person i know that has bought a house in the past 5 years (so about 10-15 people) have ended up with serious issues within the first few months that should have been caught by any decent inspector. Inspectors just dont give a fuck anymore because they get paid regardless.
Guess I got lucky, that sounds rough for all of your friends 😔
Bro holy shit 2.6%??? there is absolutely nothing you should regret. Congrats man. Your content is inspiring!
ah i see some of your problems. maybe sell the house and take the profit. either way you are in a good spot!
ty!
We refi'd for less than that with a 10-yeae loan lol
It’s called golden handcuffs for a reason
@@GoHerpingamazing! Please don't EVER sell. Your doing phenomenal. As time passes change will happen and so will you and one day when you look back you are going to be so glad you did what you did.
Obviously rent out the home. Don't sell because as you touched on you have a great interest rate.
Yes! He could rent it while he travels doing van/car life making traveling videos!
My guy will do anything from Turo to exotic animal sales, but a full time job is not a consideration 😂. Keep up the hustle man
Shii just not fun
Keep hustling
hustle life is just better 🤷♂️ feels better getting paid from something you do yourself and not from a 9-5
No highschool diploma or GED is my guess to why he hasn't locked in a full time job
Please get a lawyer to write up rental contracts for your stupid roommates to sign & abide by! Otherwise they are immediately forced to vacate!
I second this i tried to help out a friend of a friend who got kicked out by her dad. I had to kick her out after 2 months for non payment of the lowest rent in my town probably for a studio appartment she didn't pay a cent. 2 years later she has paid back 100 euros of the debt still owns 900. I regret ever renting to even a sort of known person recommended by a friend informally. Luckily no problem with tenants since but i had someone who knows rental laws to write me up a contract pretty standard and boilerplate.
Don't even necessarily need a lawyer. Just make sure you cover all your bases and don't leave any loopholes
You don't need a lawyer for that, it's a waste of money, you can do it yourself. Write a contract and record them reading it outloud and signing it. I'd recommend doing it in front of a notary so they can stamp it. In my state a notary can charge 5 dollars MAXIMUM. Usually people at banks are notaries so call around to a few banks to see if they have one or know of one. My grandma is one so she can notarize stuff for family and friends. Most things that can be done by a lawyer can be done by the average person. For example: my friend went to court by himself with 2 hours of sleep, he wrote his own motion in a few hours, he couldn't find anything online to help him so he contacted a few lawyers and they all quoted him 3,000. They didn't help him out at all of course. My friend barely spent any time on the motion and he won in court. He even paid 2 hours for parking because he thought it would take a long time, but it didn't. He still had over an hour left so he walked around the buildings to get his moneys worth on parking. A few people in my family have been their own lawyers too, and they won. It's very simple.
@@Cyancat123 This, get your state's default lease template and add any extra conditions you want that they will have to agree to.
Hell no. I bought my first house at 21... this was back in 2012. And then I was mortgage free by 31, just abfew years ago. Had I not bought a house when I did, i would be stuck renting like everyone else, or still stuck with a mortgage
NICE.
how much did it cost you
@@Ebizzill $239,999 CAD. That same house today is probably worth 650k, if not more
@@Bergamot88 don't mind me. I'm just waiting on the universe to take me. Im ready.
Man you did this in the most stressful way possible
He does EVERYTHING this way
lmao
Getting roommates (with an application,stable income and calling references) who are a good fit and saving up and using that income to furnish/decorate the home is a good idea. I am a big believer of your home influencing your mental state. If my home is a messy disaster, I just feel stressed at home. Maybe starting with your attic could help! Also think on the postive side, you have a great blank slate. You can make the house whatever you want to fit your style!
Other option: It seems like you already have the relationship with your house as a landlord. You're rarely there and there for maintenance. You may as well rent it to a family and find a tiny house in your area. Then you get to live out a dream of a tiny house lifestyle while using that for content. Then when you're ready, move into your house again and make it into a home with the money you saved.
@@amyarnal6822smartest comment here
Disagree, he's paying tens of thousands per year in repairs with more to come. The low rate is a wash bc he overpaid for the house as he admits.
I'd say sell it, rent a cheaper 1 bedroom apartment, and start grinding with all his gig work or learn a trade like trucking. He will build up a huge amount very fast, especially since he already knows how to invest in equities (but should just invest, not trade).
Source: I learned 10 yrs ago from someone who knows how to reach financial independence ways to build wealth efficiently and logically. This includes NEVER buying a house. The math never works out in your favor. Even houses that doubled in value end up in the red for you after considering expenses, ppty tax, fixes, etc
For what it’s worth, this is the exact type of video that makes me so glad I subscribed to you several months ago. Hearing how you problem solve and make a way for yourself is inspiring, encouraging, and entertaining at the same time. That and the roommate series- that was comedy gold 😂
Definitely dont sell the house, and rent it out instead if you want to move. Interest rates will never be that low again and long term it is a great investment. You've already put in so much time and money into it too. Something to think about too is that DIY Home Improvement videos seem to be really popular on UA-cam and you seem pretty handy, so that could be great content.
Home Inspections are an important part of the process but I think you really just got scammed, on average they should cost around $500.
Since you do like the area and house otherwise, you can also just move back in when you're ready whether thats 3, 5 or 10+ years from now. You'll be glad to still have it.
Things could change again with Trump coming back in office, I wouldn't be surprised to see low interest rates again
My guy, stop feeling like you’re stuck and tied down because you’re paying on the house. You have a relatively low mortgage payment so finding a renter to cover it shouldn’t be that difficult. Spend the next year making necessary repairs to the home i.e. (the windows, electrical, and heat etc..) then rent it out and go live your dream of traveling and making content. Also, as I’m sure anyone that’s ever bought a house can tell you, things breaking or going out and having to do home repairs is just part of being a homeowner. Yes buying a home is an investment but it’s also a lot of maintenance and upkeep, and unfortunately can become quite costly at times. But being a homeowner, especially at your age and in this current housing market is something you should be proud of. Live your life without regrets and be grateful that you came from a household that supported you in all of your endeavors, who instilled key values in you to have a good work ethic, determination, and a good understanding of finances at such a young age that it allowed you to be in the situation you are in now.
Definitely not a mistake. I'm also 24 and currently saving up to buy a home & It feels impossible... Does not help that I am in Miami. If I were you, I'd Airbnb the house. Fence off a portion of your backyard for your animals. If you live in a beautiful area, take advantage. Include local trails, parks, restaurants, etc. in your listing, and I'm sure you'd have some extra money coming in. I think it might be worth a shot.
The thing about successful BnB's though is that most of them are fully furnished and usually have a "theme" of sorts. Not sure he's willing to dump that amount of money into the house for the BnB income. That's easily several thousands of dollars to either do it himself or hire an interior designer to furnish it and make it appealing.
Love your optimism and positive mind set. You're doing great!
ty:)
Prioritize yourself with these next set of roommates Alex. You got the experience and the content out of the last set of roommates, but you are running a business and you need to get that cash!
Selling t-shirts taught me about financial freedom. Not in the sense that I became a millionaire, but in the sense that I was able to actually survive off of something that I created without having to clock in for anyone. I would spend no more than $125 on production. That $125 not only includes the product fees but also the printing fee. I sold shirts at $25 each so usually my new design would profit me anywhere from $250-$375 just on the first day of release. So you do the freedom math there. Although there were days where I only made $75, as long as I had a shirt I had a dollar!!!
Bro I’m in The capital of NC and been watching u since your were a tiny lil jit!! U helped me get over my fear of snakes and have been breeding ball pythons for 6 years now
before renting out rooms again you need to find out the laws for your town, i rent rooms out also and have 2 people that rarely pay and another that told me he would never leave and i had to take him to court and evict him through the court and that took over 1 month to do and i had to leave my house until it was finale, that was the law, document everything and do not let them get behind on rent, get a proper contract, they will damage your stuff, once they move in they can not pay another dime and you have to evict through the court system.
If you live in your home and rent rooms, you do not have to leave your house to have somebody evicted. LOL
@@aaacomp1 lol if you are threatened by the renter and do not want to lay down and go to sleep with them in your house yes you do have to leave, the police told me to find a place, you do not know anything, i lived it.
@@BrianDoesStuff873 that's domestic violence. You said nothing about domestic violence in your post.
Start remodeling the house and making diy videos on UA-cam for profit plus to educate yourself and others, like right there with your duct taped window lol.. make a video how to replace an old window. A lot of people are diying everything because it’s so ridiculously expensive to hire contractors so I think that you’d possibly get some new subscribers/views. Maybe you would start to appreciate it more once you’ve added some personal touches.
And the experience would be valuable if he ever gets into the air b and b thing so he can fix stuff up himself
Remodeling is what married couples do before realizing they are bored with eachother and that the relationship just isn’t going to last
@Zach-ls1if sounds like an overgeneralization from someone whose never been in a relationship lmao
@@6397jonathan ok
I'm incredibly proud of you for purchasing your new home at such a young age. Here I am at 65, jobless, homeless and friends turning their backs on me (understandably). I haven't watched the video yet, Airbnb which I frequent might be a good option for making money. Short term rental
wow dude, what happened for your friends to turn their backs on you
Every spot that UA-camrs would usually put a sponsor spot is just a normal transition for you
It's great that your parents were able to help you achieve such a goal at a young age
dont ever change the youtube name, and the box attacks omg iconic. the lore is chef kiss nice to come back
You a hustler brother can’t hate on that 💪🏽
I feel like van life would be an incredible move. Great content, income from that, and get to live everywhere!
Tesla Life!
I have been watching your channel for over 6 years and i have to say that your recent videos from the last 2 years is what really brought me back and Im hooked.
If you would have just continued making the reptile videos i would have probably never come back to watch your channel regularly.
Don't get me wrong I am still interested in wildlife as I have always been but your recent type of videos about making money and you being transparent about your life, working out, renting your car and rooms. Is to me way more interesting at this current time.
I also feel a certain way about your videos that I do not get from any other youtuber and that is that you are honest to the audience and you don't go out of your way to make something more interesting than it is. You show everything for what it is and that I appreciate a lot.
Even though there was a lot of issues on the house, you cant ignore the luck and effort you put into getting it. You got so much going for you, just gotta get the things straight and it’ll be great!
Hope your next roommates are chill
I feel like it's always 50/50 with them..
Make sure to have a rental contract like others said so you can evict them if they're wack..
Very impressive. You worked hard to get to where you are today. So many people could learn from you.
I bought a townhome last year at the age of 51. I'm single and don't need a lot of space or a roommate.
I did HVAC in Concord, I 100% agree with you that home inspectors are scams. I should charge money everytime someone says " I had it inspected!" when shocked when I drop a replacement quote.
Honestly your videos are so different that I love them.
This was such a good video too.
I’ve been thinking about purchasing a home too but all the videos I watch are either people in their 40s - 50s trying to tell me how easy it is or people in their 20s - 30s describing the entire house but not the process so thanks.
This house will most certainly be worth it in the long run!
Stay strong and thanks for the great content!
ty!
I've never seen one of your videos before but it was really interesting to see someone else's perspective on the pros and cons of buying a house. I'm even more grateful now than I was when I bought mine at 28 that it was not a big push to buy houses at the time. It was during the housing bubble burst so I got really good interest rates and houses were cheap. I'm not house poor at this point but everything else has gotten so much more expensive and wages just haven't kept up so all the updates I was dreaming of doing are definitely postponed for who knows how long. I am still happy with my decision to buy though as I am now living in some place that is safe to walk around and hang out and I have not heard a single gunshot. I moved out on my own when I was 18 so it took me about 10 years to save up to get a house.
its great to see young adults like this, just taking the initiative to try things, even if you fail keep going, failing is an integral part of success! So many people in 2024 are scared of failing.
I saw with my own eyes, that my uncle bought a house outright, since he had the money to buy it, with no house payments, It was a far easier process for everyone involved in that deal but understandably not a lot of people can do that.
just make sure you have above good credit and have 3 times the monthly house payment before buying a house as a blue-collar.
it's indeed stressful so being financially responsible is absolutely a MUST!!
i'm surprised you haven't made your house into an airbnb yet.
Don’t give him ideas 😂
35 year old male here who finds you and your content incredibly inspiring. I’ve been through my own share of roommate troubles and can relate a lot to your experiences as well. I’m at the point where I don’t want to live with anyone anymore and even a potential partner is going to have to be as large of a neat freak as I am to have a chance at cohabitation.
I just came across your channel tonight, i literally watched 4 videos already. I love how your very transparent
This is very admirable. Great job doing so much and even breaking into real estate so young. I wish you the best of luck. I'm 40 and just bought my first rental home so you started WAY before me! You must have been quite disciplined with money so kudos for that too!
Congratulations on purchasing your home! Great achievement!!! So sad to hear about all the repairs 😫 that’s frustrating
You seem like such a lovely person & you deserve it all ☺️
ty!
Velvet Handcuffs is my metaphor. At 73 i'm happy to NOT have to pay rent except for the theft via property tax.
You can Airbnb the rooms, you can sell the house after fixing it up a little bit and make a profit, there’s tons of things you can do
definitely not a mistake, perfect timing! good job finding what brings you passion, and joy ! Thanks for the gravitational content !
Hey bud. Just wanna let you know that I got a house in 2022 in Charlotte. 1500 SQ FT for $382K and a 4.99% interest rate. You’re doing really good for what you got. Most of the 900 sq ft houses are going for 300K lol
00:55 Your a very informative and industrious young man , I agree that Screen printing is very rewarding .
i hope alex knows he's really inspiring
Always get a home inspection and also get a home warranty for the first year or 2 of a new house
its like having victor as your bestie vent to u, but more innocent and less mafia
Tiny House sounds like a good idea for you. Thank you for sharing this video and most importantly being REALISTIC about how you went about purchasing. As someone who is also in their 20s, this was very insightful.
It was definitely not a mistake. Anything that you've wanted to do, you've done and been successful. So keep doing it!
Congratulations bro this is a big milestone… Tesla and a crib at 21 def an inspiration
Even though your parents were supportive of your pursuits, I think they probably were happy when you and your reptiles moved out.
He's lucky to have parents to allow reptiles, I lived with some scardy cats 😂 won't even visit me coz of ball pythons
I've been looking for homes on Redfin in North and South Carolina, and I can't believe the condition of the homes for sale. Right from the photos are cracks in countertops and walls, and a shocking number of people don't clean their homes before putting photos up on Redfin LOL.
I bought my house when I was 21, now I'm 43, and people are paying more for rent than I pay for my house. Don't give up the house while you are young. A fixed price is a good thing.
It was hard when I was young, but all of my friends gave up and sold and now they pay more for rent than they would have payed for a house, if they just didn't give up.
I still have my original house that I bought at 21 years old, and life has caused us to earn more, but our cost is fixed. It becomes easier every 10 years after purchase. Only the first 10 years is hard.
It's always very difficult in the beginning. Patience is key. You will look back on this in a few years and be glad you did this transaction.
very interesting… i’m basically the same age as you (maybe a couple months younger) and also moved out at 19 but had a completely different path in life. i moved out because i couldn’t bear living with my parents, and i got a job offer 2000 miles away for the minimum living wage. i’ve only ever rented apartments but before i moved i had aspirations of a spacious single family home in a suburb like my parents did.
but having rented apartments i realized just how freeing not having clutter was. how nice shared amenities are. how great it is to live in an urban neighborhood where you don’t need to drive anywhere.
i didn’t have to worry about repairs or maintenance, apartment complexes usually hold regular events, i have so much free time.
am i missing out on equity and building wealth? maybe. but fuck that noise im in my 20s there’s much for me to learn and grow from. i value the friends and community i built much more than the original aspirations of 18 year old me of wealth and prosperity.
i dont regret renting for one second, and i dont think ill ever own a home. not because i cant, i can with my current salary, but because its an evil soul sucking endeavor (no offense).
Bought my first home in 2021 2.875 % interest. I had the same freakish timing just needed place to live since landlord was selling. Bought at 23 but i only spent 174k. Plan to pay off in the next 8 years and maybe rent it out.
You model very well. great photos for the old merch stuff
ty haha
Your extreamly resourceful and they put you thru hell
Sorry hear this, Contact an attorney, if the home was not a sold-as-is property stated in the contract, you may be able to sue the inspector and the company. Up to 4 years from purchase to sue the inspector/company not sure if this depends on the state but the attorney should know. May be worth looking into.
it was sold as-is :/
I bought my condo last year right before turning 21 and i regret nothing 😭 the money i save by not renting makes the ownership maintenance and BS HOA worth it. Hoping to upgrade to a house in a couple years 👏 and it WILL become a reptile zoo. Imma just have every room with a scaly baby and fishtanks.
How much can you really save with condo HOA? That’s gotta be almost $300 a month itself
Incredible story! Very inspiring.
Mortgages typically take 30 days, not 60. Most can be closed very quickly sometimes in just weeks.
Bro I’m 25, and still live with my parents. 😢 The average house price in Los Angeles is about $1mil, and rent is like a mortgage. Fuhh
You should go on financial audit I think it would be really interesting to see what a professional would say about your finances as a whole especially with the Teslas and all the work to the house
Dude...I got a tesla about a month ago and I'm on the same path. I have a family and all that back home but I've decided its the only time in my life I might be able to get out there and travel around. Checking out national parks, airbnbs, just stuff. I'm from NC too and we should meet up on an adventure sometime soon and make some neat content.
Personally the toll this house is having on your life isn’t worth the hassle, you can find rent for half the price. Get your equity out it may be very difficult to find a renter with the state of the home as you mentioned… better to have the flexibility and temporarily put off home ownership till you are in a healthier financial position.
I’d also mention if you have other debts (you said you did) they are eating away at your wealth quicker than this home is building it. I’d hold on until summer (prices peak with warm weather) and sell, a home is a great thing to own but don’t get caught up in it for the wrong reasons.
I’m 41 now and brought my 1st house at 20. Best decision I ever made. It was an older home like yours that required a lot of work, but it was worth.
niceeeeeeeeeeeeeeee. i'm extremely curious if i'll still own this at 41, legit no idea. do you still have that original house?
@ no, I sold it after being there for 15 years and used the money from that house to get our family a bigger home.
sick
That house inspection comment is the truth. I kinda wanted to be a house inspector just because mine was so terrible. I had a terrible experience as well with a home inspection. I paid about 1500 and that person didn’t find any of the areas of previous roof leaks that came back a few months after. Just terrible how they do such a terrible job.
I've been thinking about the van life lately. If you end up getting room mates then there's no reason you can't get a van and start traveling. If their paying the bills for you then hit the road and travel. It will do you good
KEEP the house! You have a great rate the market is not going back down. The house is very unlikely to return to a "reasonable" cost. House prices crash once or twice a decade and then go even higher. You got super lucky with such a low rate. Rent it out if you can!
Bro, you’re smart. You’re gonna go big places in life.
That's a great mortgage rate! Your best bet is to pay down the principal with a small extra payment each month, which also reduces your regular monthly payment over time. Meanwhile you could try out renting space to other SM video creators, especially small ops, like gamer streams, make-up and crafting vlogs, etc who do need the privacy and freedom to make some noise, but don't need a lot of room.
You did a great job. If you are able to make 1 extra payment a year you will pay it off in half the time. 🎉❤
More like 5 years early on a 30 year, but still a wise move.
I feel ypu man. Bought mine last year about 2 years ago at 23 and man there have been alot of moments where im like should i have bought this. My home is 180k and i got roommates paying for the rooms i dont use. But man do i miss my apt and the simple problems that would show up lol
I'm in the same boat. Bought a 175k duplex 2 years ago at 24 y.o and rent out downstairs.
I agree with you on the home inspection. They miss so much and have a disclaimer for why it's okay that they're wrong blah blah blah. Waste. Houses always suck in the beginning and usually work out in the long run. This house is perfect for a house hack. Look into Bigger Pockets "Set For Life".
2.6% is unfathomable! You’re winning sir! Trust me!!!
wow 2.6 interest is amazing man, beyond blessed.
I think in the future you will look back on this time as well worth it. Housing is a necessity and you got in when it was way less expensive. You can make a bunch of money house hacking. I think you are on the right track. You might even consider putting an RV on the property so you have your privacy In that and you can have an extra tenant in the home.
The $400k starting pricetags in your area is part of what drove me out of state. Absolutely wild
The Raleigh area is very desirable and quite cheap compared to where many new residents are coming from.
This a was a great video, keep up the great work.
The house may not be great but having a house at this day and time is fabulous. Many families can't get into the American Dream. You are so fortunate. What job are you doing now?
You just won the interest rate lottery. I say rent it out to good/decent tenants (not like the last ones) even at a lower rate if it means you're more comfortable.
Air bnb the house depending on location, I didn’t buy at 21 but I did at 23, I’m now also turning 25 in a few weeks. It’s the situation you were talking about it’s a $190k house I paid $250k for valued at $285k that is somewhat custom, I picked into it because of working for the builder. Rent it out get passive income or air bnb is what I’m gonna do because it’s the highest ROI is what I’ve seen. Real estate is an investment not liability
I think you can sue the company that did the house inspection
22:10 Aww, man, you know he likely was rated highly because sellers knew he would miss everything
when you said you love nc at 29:07 i gasped why cause i live in nc as well :> nc is a great place if you love the outdoors i will say tho alot of the towns here don't have to much to do in which sucks but i love it here
fyi you can go in with your home inspector as he/she inspects your home just let the inspector know that’s what you wish to do before you pay them
The best way to pound tea post is with a sledgehammer from harbor freight get on top of one of those 4 foot stepladder things get some eye protection on and tap tap tap and pound pound pound also get the utility companies out there before you pound in anything too far I usually just go up to the wide metal thing at the base of the post but sometimes utilities will lay stuff pretty shallow so be careful! They will come out for free and Mark where not 2 pound
Man this has been a wild ride
We habe 10 acres, in Bradenton FL, if you need to rehome your chickens ? Do some traveling. Take a cruise? Your house is awesome. Very sorry for your loss.
This is like the most relatable video I've ever been recommended, it's insane. I grew up loving reptiles (although my parents wouldn't let me keep them in the house so that never actually came into anything), also dropped out of high school to persue work (albeit in a much different field), made a good bit of money and ended up buying my first house at 21 (which was last year so unlike you I got locked into a 7.5% interest rate for the time being, although my house of the same purchase price as yours has appreciated almost 100k since purchase just a year ago so I'm still not at a loss), well water confusion, old house problems, don't even stay there every night because I can just stay elsewhere, dumped a lot of money into a bunch of bullshit, and I second guess it all the time (especially considering how high of an interest rate I got in at). Only thing I disagree about is that my home inspector (and everyone along the way with mortgage/insurance/any part of the home buying process) because they were all either family friends or associates of family friends, not that I grew up with much money at all, but it just helps that my dad is in a related field so it just came about that way. Also about to get a model 3 too lol. Thanks for making this video, I feel less alone in my strange dilemma I've put myself in.
This video stressed me out more than I can really articulate, mostly because it reflects so much of my own life. I don’t own and I certainly have no savings of any kind, but the sense of jumping from place to place and breaking rental rules because you have no other option encapsulates my life so very hard. Your APR is a damn saving grace, though.
i plan on leaving my parents whenever i get one of the few apartment blocks i've applied for which could take like a few years until a room is available
100% get you. Brought a multi family during 21 for a 2.75 interest. My goal’s dont align with it anymore and now im just like ehh. I hate it. Want to get rid of it so I can chase my other financial goals
Rent it out, share the process!
We had an awful home inspector as well. Ended up paying over $40k in items that he should have caught.
I want to build an underground brick house. Because I’m a gremlin.
I'm loving the idea. You moving In the attic and completely monetizing the entire lower floor. Either through air BNB or just obtaining some roommates through Craigslist or somehow. Just go about with those intentions this time. Because last time it kinda went crazy at the end. But hey it was a life experience. Either way you got this, I've been following you for a few years and you've always been driven and a fuckin hustler. I look forward to the next part of this story, thanks for sharing
If you are going to sell, don't wait for the market to crash, whatever you decide make sure you get an increased sale price than your purchase price.
Luck is when preparation meets opportunity.
I think you did the right thing, and you're lucky enough to say you own a house at your young age and make that kind of money so you don't ever experience being homeless