Foreclosures are great! I just bought one for $62k market value $135 and after I clean it up will be $165 on the low end. It’s possible. 🙌🏿

@TheRealWayneTurner

Ай бұрын

Awesome!!

@Shawnjames21

Ай бұрын

Wow.. did you pay $62k cash or did you get a loan? I have trouble with the USDA website

@mrprfct7069

Ай бұрын

Apraisals are such a scam. I bought a foreclosure for $245k while every other comp within 5 miles was in the high $380s. The bank didn’t like the high appraisal so they hired another appraisal that needed to come in at $245k. This appraisal comped houses that were 20 miles away. Appraisals are scams. I refinanced that home a few years later and it was valued at over $500k. Used the cash out and bought another house. Btw. I still have that home. My parents live in it. If you want wealth you need to work for it. I have lost my job 3x in 20yrs but I keep growing.

@themadmillionaire

Ай бұрын

@@Shawnjames21 I have a home equity line on another home that I’m using.

@LavaDesert

29 күн бұрын

But if these homes are steals, why are not investors and home buyers not sweeping them up by the second day?

What Wayne forgot to tell you is that 99.9% of foreclosures are in poor condition. VERY FEW are like the one in the video. If you take this advise, you could be out $800, probably more, and not get the house. USDA RD loans are very strict with appraisals, they won’t loan on homes that have issues or are considered a fixer upper. Also, here in Montana, this type of appraisal is way more than $400. So if you don’t know what to look for, you spend closer to $800 for an appraisal and $400 for an inspection. The danger is that when the appraiser calls out things that need to be repaired, the bank says no, they have built these repairs into the price. USDA/RD loans will be denied if the required repairs aren’t done. You DO NOT get your money back if the deal falls apart. Now you just paid $1200 for nothing! Please do your homework!

@cherrelleg8276

Ай бұрын

Thank you for sharing this. I see videos like this often and make it seem easy.

@mariecameau097

Ай бұрын

No houses sell for $800.00 liese

@firesign4297

Ай бұрын

It stated that that house was VERY rare. Some times you find a rare jewel The house is not $800. That was for an appraisal and another fee .. USDA loans are like boon dock loans

@user-xn7rk3fj7g

Ай бұрын

The first house I purchased was a foreclosure. I bought it for 189k . It was a gated community every house in the subdivision was worth over 300k. The house only needed MINOR repairs. I soent literally less than 4k in repairs. Not every foreclosure is bad.

@thisisPropaTV

Ай бұрын

@livinginmontana1 you sound very educated on the housing market. Sounds like u need to make a youtube channel I would watch

You gave good information for free. Thanks for the positivity and being straight forward 🙏

@TheRealWayneTurner

22 күн бұрын

My pleasure!

wayneeeee! lets talk i have till January to get a home and foreclosure was the first thing that popped into my head i need a coach this will be my first house!

I’m so Blessed I found this channel 💛

Thanks for explanation ❤❤❤

Thank you as always for this valuable information.

@TheRealWayneTurner

Ай бұрын

My pleasure!

Thanks Wayne for this information, keep up the great work.

@TheRealWayneTurner

22 күн бұрын

Thanks, will do!

Thank you Mr. Wayne!

@TheRealWayneTurner

Ай бұрын

You are very welcome

Been there , done that !

Great info Wayne!!

@TheRealWayneTurner

Ай бұрын

Thanks 👍

Love to connect with you regarding property

Wayne what are your thoughts about NACCA homebuyer program?

Is there a website you can bid on them and get preapproved for a loan at the same time?

Can canadian residents purchase using this kind of loan? I used to live and work in the USA, but now moved to canada

I have trouble finding sites within Canada

I like what I hear, will definitely give you a call

@TheRealWayneTurner

22 күн бұрын

Thanks! Reach out to me at www.ContactWayne.com

Love your content, question, All this method work with people without social security number, instead have itin numbers?

@TheRealWayneTurner

22 күн бұрын

Yes it does! You do not need to be a US citizen to buy a home with a USDA RD loan, however, you are required to occupy the property as your primary residence.

What about VA

Excellent news and lovely Home 🏡

Hey Wayne!😮 WTF.? I followed the link to that foreclosure website you posted. It had some properties I was interested in. When I clicked the link it wanted me to sign up for their premium membership to see the photos and details. It upset me a little bit but considering how hard it is to find information on foreclosures, I was willing to pay for premium membership if it wasn't too much money. However, it wanted my credit card number before even telling me how much the premium membership costs. That it's a sign of a scammer! 😲☠️ You should not link people to scams!😡 I do enjoy watch your show, ❤ just be careful of putting your good name on anything without a disclaimer.

@TheRealWayneTurner

22 күн бұрын

First of all, thank you for the feedback! I am certain that this is a legitimate company, I've used them in my business in the past. They provide information that you could potentially find on your own for free by searching public records, however, that can be very time consuming and, in my opinion, it's much more convenient and effective searching for this data in one location.

Thank you

Would you be able to use that loan for an investment property that you would like to turn around down the road and make a profit off of?

@TheRealWayneTurner

Ай бұрын

You are required to occupy the property as your primary residence for 1 year. After that you could rent it.

Nice

@latochah84

22 күн бұрын

I am searching for a deal

Clean property is a good sign that more than likely it needs very few major repairs.

@TheRealWayneTurner

22 күн бұрын

Clean is usually an indicator that it was maintained, but I still always recommend a home inspection.

Thank you. I never got any further than paying $1. For detail. Pluse I still could not read any details I got nothing except 3 bills on my credit card. One was a duplicate.

@TheRealWayneTurner

22 күн бұрын

What did you pay for?

403 Forbidden

@TheRealWayneTurner

Ай бұрын

which link gave you that error? I tested it and it's working on my end.

Good luck with where i live in the state of Massachusetts

@TheRealWayneTurner

22 күн бұрын

Massachusetts has the highest cost of living in the country, but you can still find good deals in all 50 states

I was able to get my official current credit score from one of the credit bureaus to give to my potential lender. Must I provide the score from the other two bureaus or is one enough because they're all going to provide the same credit score?

@TheRealWayneTurner

Ай бұрын

Your lender will want to pull their own credit report. Also, it’s important to remember that there are a few different scores that different types of lenders look at, the FICO score 5 is what mortgage lenders typically use.

@myblueskye777

Ай бұрын

@@TheRealWayneTurner Thank you for your reply. He pulled it and said he could not see my credit score, so he considered it as me having no credit score at all, which is not the case. So I was able to get the actual credit score document and I'm hoping he will accept that. There has not been a freeze on my credit so it's unclear why he can't see it.

What about when the property value decreases by 30% and interest rates double and/or may tripple. A couple of risks… whats the plan then? Legit question

@TheRealWayneTurner

Ай бұрын

You’re buying to hold not to sell in a year. Wealthy people own real estate because you get tax breaks and values go up over time. You have to do you though.

Good content thanks for trying to save people money

I am waiting for social security to be approved my credit is in 300’s can it be fixed I am 65 and live with my son who works remotely we are tied to a lease until April

@TheRealWayneTurner

22 күн бұрын

It can definitely be fixed. Biggest things that will affect your credit negatively are paying bills late and having debt. Fix those two things and you should see an improvement in your score.

I'm at 679 credit score

💯

I just want to buy And live in my own. Don't like making someone else rich.

I need to reach out to you at some point in the future.

Can you do this kind of thing for an out-of-state property as long as you meet the other criteria? Or do you have to have two years of work in the same city as you intend to buy foreclosed property?

@TheRealWayneTurner

Ай бұрын

To get a USDA loan it has to be your primary residence. If you have work lined up in your new state it just needs to be in the same industry/ line of work

@tinamama6954

Ай бұрын

Great vid Wayne 👌 I quess the answer to above question is that one can have a USDA loan and purchase the home but don't have to work in the same state of property residence to qualify! 😊

@Myrope

Ай бұрын

Thank you both for your answers! That's very helpful to know

What about loans for disabled not a veteran and working. 30-35 thausand a year

@lucybrenton149

Ай бұрын

VA loans are 0% down. Most service members are eligible. I am a Homesteader and have been a mortgage lender since 1996, real estate investor since 2002. Let me know if you need help.

@yooo2568

Ай бұрын

@@lucybrenton149 I need help getting a usda loan.

@ktvibez3531

Ай бұрын

@@lucybrenton149I need help. Do u have a contact number

@ktvibez3531

Ай бұрын

I really am a consumer but I want to be more than that

@TheRealWayneTurner

Ай бұрын

VA loans are the best type of loan for a veteran. Most mortgage brokers will do these loans, but I would be happy to help connect you with someone. Just reach out to me at ContactWayne.com

Thank you for sharing this information 🙏🏼👍👍👍

Can I do this here in eastern MA!?

@TheRealWayneTurner

22 күн бұрын

Absolutely! Reach out to me at www.ContactWayne.com

@brandonbriscoe4712

18 күн бұрын

@@TheRealWayneTurner I just clicked on the link to book a call but it's not working. I wanted to have the call this Wednesday the 15th, if that works for you! just rescheduled a couple clients so I have time that day

That is amazing. I can do that

I clicked on the foreclosure website link, do they charge you a sign up fee?

@TheRealWayneTurner

22 күн бұрын

The foreclosure website is www.FindMyForeclosure.com. You can do a free trial to see if you like it and will find it useful, then it costs about $39 per month for access to the information.

@wethepeople3670

11 күн бұрын

@@TheRealWayneTurner It would be nice if they stated that somewhere on the site.

Grand rising!!! Is there a way i can speak with you personally by phone?? I really need help on getting a home and land with my children. Thanks 🙏🏿

@TheRealWayneTurner

22 күн бұрын

Reach out to me at www.ContactWayne.com

fake just wait til you want to get out of the Foreclosure app.. and they charge you like a 30 a mo

@TheRealWayneTurner

Ай бұрын

It's a great service that makes finding foreclosures, pre-foreclosures, short sales in one place very easy. The time someone would spend to find this information on their own is worth a lot more than $30 per month.

@Lone_Woof_M

Ай бұрын

and a headache to cancel your subscription!

@trindon9439

27 күн бұрын

@@Lone_Woof_Mlong story short, you can’t help everybody. If you don’t have the sense to cancel your credit card and get a new one to get out the subscription if it’s that much of a big deal, you have no business on this man channel. You need to keep the Rockefeller employee mindset and continue to work for your employer. Best wishes!

What is your best advise, if you want to move from state to state while buying a house? Montana???

@TheRealWayneTurner

Ай бұрын

As long as you have a job waiting for you in your new state that is in the same line of work that you've been in you can get a loan. If you need help connecting with someone who can help reach out to me at ContactWayne.com

I would like to invest in buying foreclosures.

@TheRealWayneTurner

Ай бұрын

It's a great way to build a real estate portfolio. If you need help connecting with a local real estate agent reach out to me at ContactWayne.com and you can go to www.foreclosure.com/foreclosures/?rsp=3820 to find foreclosures in your area.

Trying to get a usda loan I need help.

@firesign4297

Ай бұрын

He said give him a call.😊

@TheRealWayneTurner

Ай бұрын

I can be reached through my linktree- ContactWayne.com

The link doesn't work. Shows error

@TheRealWayneTurner

Ай бұрын

www.foreclosure.com/foreclosures/?rsp=3820

Please show me the HUD 1 document that shows exactly the expenses that you incurred when you purchased a property so that I could verify the information presented here as well as the addresses of the properties that you have purchased with $ 800 or no.monry out of pocket. There're a lot of gurus that claim that they acquired and owned a lot of real estate when, in fact, the only thing they are trying to do is sell their books, seminars, or are just bird dogs. Thus, I'll wait for your answer so that it can be verified.

@TheRealWayneTurner

Ай бұрын

I'm not a bird dog or "guru". The USDA rural development loan that I refer to in this video is legitimate. You can verify this information with any mortgage broker in your area.

So if you get the house for $248,000 with the $800 you mentioned, wouldn’t that make your mortgage payment be through the roof?

@TheRealWayneTurner

Ай бұрын

There are other options for every budget

WOW!

You have house in Dallas (Texas) ?

@TheRealWayneTurner

Ай бұрын

I can help you find something in Dallas... reach out to me at ContactWayne.com (link is also in the profile of my channel)

What about student loans.

@TheRealWayneTurner

Ай бұрын

Student loans will be counted towards your debt, but having student loans will not disqualify you from purchasing a home.

How does this work if I want to move to the south and I live in cali?

@TheRealWayneTurner

Ай бұрын

You just need to get approved for a mortgage in the state you want to move to, USDA loans are available in all US states

@ticktock2383

Ай бұрын

Don't do it

That site wants a card number

Trouble is, the neighborhood may not be worth it for $800 for the risk. In some neighborhoods across the nation.

@tracy419

Ай бұрын

How is that trouble? You just don't make an offer in neighborhoods you don't think are worth it🤷 That's like saying the problem with buying a car is that some cars are located in wrecking yards. You don't have to look for cars in wrecking yards. Trouble averted.

@frankenz66

Ай бұрын

@@tracy419 "Trouble averted"=choices limited... to some folk is all.

@tracy419

Ай бұрын

@@frankenz66 The fact everything available isn't the right choice for everyone isn't trouble though.

@frankenz66

Ай бұрын

@@tracy419 While that is certainly true, it is a limit on choices.

@TheRealWayneTurner

Ай бұрын

This loan program is available in a vast range of areas, so you have options

If you met with Wayne to get you a cheap home the bank took back from the buyer he would pretend he don't know where they are listed.

@TheRealWayneTurner

Ай бұрын

I don't understand what you mean

@flowersandcandyflowersandc9093

Ай бұрын

@@TheRealWayneTurner I'm saying that if you came upon a foreclosure home for dirt cheap, you would not let one of your subscriber's here know about it. For example if you seen a $4 million dollar home listed for just 30k would you let them know about it ? Or would you buy it yourself.

@JosePerez-vt7zs

Ай бұрын

​@flowersandcandyflowersandc9093 He is in no obligation to do that, why does that matter? He is giving free advise its up to us to seek the truth, do you want him to find a foreclosure home for you and give you the winning lottery tickets numbers while hes at it?

@TheRealWayneTurner

22 күн бұрын

@flowersandcandyflowersandc9093 I'm not in the business of buying foreclosures around the country. I sell real estate and I educate consumers how to invest, buy and sell real estate. I've sold many incredible deals to my clients and we both win.

@flowersandcandyflowersandc9093

22 күн бұрын

@@TheRealWayneTurner 1 simple question if you seen a $50 million dollar foreclosure being sold for just $50,000 dollar's would you let your subscriber's here know about so that they can buy it. It's a simple yes or no question Sir.

Wayne, if a bank owns, actually they said it’s gov owned. They have 170,000 on it. Do u think I can do better?

@TheRealWayneTurner

Ай бұрын

I would need more details. Do you have a local agent helping you?

@reneeriley1953

Ай бұрын

No agent. It is already gone. But still can and how would I make an offer?

Wayne does Kenner, Metairie qualify for homestead loan?

@bangcao5537

Ай бұрын

Mr Wayne i cant sent you my information on your website. it keep saying error.

@TheRealWayneTurner

Ай бұрын

Parts of Jefferson Parish does qualify for this loan. There are also a few other loans that are no/ low down payment that are available in all of Jefferson and Orleans Parish. My website should be back up- you can reach out to me at ContactWayne.com

🏠🙏👍

Why do you have to stay in one for one year

@TheRealWayneTurner

21 күн бұрын

It’s a requirement for this particular program, you must live in the property as your primary residence for 1 year.

What happens if you were never taught how to do your taxes?

@TheRealWayneTurner

22 күн бұрын

I recommend using a software, like TurboTax or hire a CPA from a company like H&R Block (I have no affiliation with either company, I've just heard them recommended a lot and used to use them myself)

Thank you❤

Why do they charge to get information about foreclosure homes?

@tbrewer20031

Ай бұрын

I am not surprised. He said you could get it for free, but I didn't believe him. Normally, you do have to pay to get access to foreclosed homes.

@TheRealWayneTurner

Ай бұрын

I never said it was free. You can get all this information through public records, but the amount of time it would take you makes the monthly fee with www.foreclosure.com/foreclosures/?rsp=3820 worth every penny, especially to find pre-foreclosures and short sales before they hit the market.

@TheRealWayneTurner

Ай бұрын

The amount of time it would take you makes the monthly fee with www.foreclosure.com/foreclosures/?rsp=3820 worth every penny, especially to find pre-foreclosures and short sales before they hit the market.

I am retired. How does the 2 years on the job apply to me?

@DemzWonMusic

Ай бұрын

Show them 2 years of bank statements

@firesign4297

Ай бұрын

I bought mines while retired you can do it 😊

@TheRealWayneTurner

Ай бұрын

You can buy when retired, you just need to provide the documentation to show you can repay the loan.

New Orleans?? Youd have to pay me 248,000 dollars to take it.

@TheRealWayneTurner

Ай бұрын

That would be a great deal for you lol

@josephbeno3053

Ай бұрын

@@TheRealWayneTurner Flush twice. LOL

thank you

@TheRealWayneTurner

Ай бұрын

You're welcome

En que Estado,Condado ho ciudad se encuentra dicha propieda por favor

@TheRealWayneTurner

Ай бұрын

This is in St Tammany Parish in Louisiana

I really want to meet someone who gives ALL the info.. such as like most homes are crap.. and you can't live in them, so you need more money to clean and live In them.. yes this one is nice but tell us the truth.. all the truth....

@TheRealWayneTurner

22 күн бұрын

I never said every foreclosure is like this. This one is a gem. But, if you expect a deal it's going to take time, research and hard work.

Can't find nothing in California

@firesign4297

Ай бұрын

Call him contact him he says

@theman-kq2uj

Ай бұрын

@@firesign4297 will do

Hey everyone watching this "if it sounds to good to be true---IT'S a scam"

@willjay1839

Ай бұрын

Dame

@TheRealWayneTurner

Ай бұрын

This is not a scam. You can go directly to the USDA's site and verify this is a legitimate program.

@ivarub1017

Ай бұрын

​@@TheRealWayneTurnerwhere is that home located?

@ejh7765

Ай бұрын

Why do you think it’s a scam. Share more if you know so

@mr.thompson1640

Ай бұрын

@@ivarub1017New Orleans, Louisiana USA

Why would I need to take a loan out if the house is foreclosed for 800 dollars?

@TheRealWayneTurner

Ай бұрын

$800 out of pocket is what you would need to get this type of loan to purchase a house

@themadmillionaire

Ай бұрын

You don’t need to take out a loan, you can pay cash if you have it. The bank owned the house and you are buying it from them for at least what the previous owner owed.

👍

800 foreclisure. not around the country. wrong. I look and none

@frankenz66

Ай бұрын

Mine either. It'n happening.

@TheRealWayneTurner

Ай бұрын

$800 is the cost to acquire the loan to buy the house.

Prices are so high now.

Wayne, I have been watching your videos about your out-of-pocket expenses for USDA-eligible holmes. I have questions, so I left a message on your company phone number days ago and have yet to receive a response.

@TheRealWayneTurner

Ай бұрын

I apologize for that- if you fill out the form at ContactWayne.com either myself or someone on my team will give you a call asap

They don’t give the address in my zip code.

@TheRealWayneTurner

Ай бұрын

It's a service that costs a monthly fee. It's well worth it to get all this data in one place, they do all the legwork for you.

Wayne Turner please connect me with someone in the Covington(Conyers area realtor to help me buy a foreclosure. I have a pre-approval letter to buy a 200,000 home with a credit score over 700. Please reach out.

@TheRealWayneTurner

Ай бұрын

Hey @tammybuckner I can help- send me your info through my website at ContactWayne.com and I'll be in touch asap

foreclosures at close too market value because bank wants to not lose money and wines over a mortgage

I’m just going to throw this out there. Has nothing to do with this video whatsoever. Good looking men are few and far between these days but you sir are one of the few.

Too much

@TheRealWayneTurner

Ай бұрын

too much money? There's lots of other houses in many different price ranges and conditions available out there.

Dave Ramsey will say that is a no no...

@islandgirl5382

Ай бұрын

And.......with his 130 million dollar lawsuits against him; probably won't hear from him for a while.

@redrustyhill2

Ай бұрын

Ramsey is a con man and a liar

@TheRealWayneTurner

Ай бұрын

Dave Ramsey has some good advice, but he's wrong on this. Some people may not ever be able to save enough to have 20% down payment and while they're trying to save up the market continues to move further and further out of reach all the while they lose out on that property appreciation they would have been able to capture had they just gotten in the market. I advocate buying what you can afford, enen if you put 20% down.

@redrustyhill2

Ай бұрын

@@TheRealWayneTurner Ramsay's "good advice " is nothing but common sense that anyone with half a brain figures out on their own as a kid.

💯