Why I Still Rent (and why you might too)
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- čas přidán 21. 04. 2021
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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity
Sorry I'm not a CZcams guru with 3 mansions and 4 yachts lol
No. You're human like the rest of us. You've earned more respect by being transparent and encouraging others.
Don't feel like you need to apologize for being REAL and human like millions of us. RESPECT for your honesty and sharing your wealth of knowledge so humbly with all us followers.
I'm surprised that you don't want a 3 bedroom house. As a CZcamsr you could turn a room into your recording studio and gain a tax credit.
That's why we 🥰🥰 so much!!
It was the 👏👏for me!💯😉
Naw the shame is, when that HAVC goes out and that homeowner has to go to Walmart and buy a box fan, while you just pick up the phone and call the leasing office.🤣🤣🤣🤣🤣🤣
FACTS! 😁
Not if that homeowner is financially responsible and already has the money saved for repairs. A lot of us can actually repair the HVAC because we anticipate things like that happening.
Hahah yes!!!
Facts!!!
Not that automatic here. Has to be approved.
I'm renting by choice because my rent is 15% of my monthly income w/ heat, hot water, sanitation, snow removal and landscaping included.
But you cant paint the walls when you want to and you cant make nosie when. You want to and you cant play music after 9pm...etc...
@@sirbey9608 Funny you say this because I'm sitting here at 9:40p and my husband's playing guitar. Also, I've painted here several times.
You need a roommate? lol
@@WinTheHouseYouLove 😂😂
Same here! I live in a house share situation and my rent is super low! No reason to move now. Just continuing to save and monitor the market.
The beginning was hilarious. But it was the clap for story time and jazz music for me 😂
Thanks for being transparent! A lot of us here can relate.
Yep that mood lighting and smooth jazz is going to really get to Javier. 🤣🤣
Thank you so much for watching!! :)
Vulnerability is the birthplace of courage. Thank you for sharing your story.
Absolutely, thank you!
Thanks home buying knowledge guy for your transparency and honest about your own situation. I am a renter too and I thank God for a roof over my head everyday.
Thank you so much for watching!! :)
Thanks for sharing and being so real & authentic. I get so much anxiety thinking of all the things that go into the whole home buying process, but you always explain things in such a clear & simplified way that makes it easier to understand & less intimidating. P.S. You have the perfect voice for ASMR ahah
Thank you!! I have an ASMR video buried in this channel 👀🙊
@@WinTheHouseYouLove yummm
@@WinTheHouseYouLove You have what?!
Me: -goes digging to find the ASMR
Following gut instinct is so important. I am in a trailer and feel there is a lot of shame around trailers. However I have 2 bills, well water, a new jeep, and I only live with my kids and we are so happy and I have the most beautiful view on a hill overlooking a pond. Be at peace with where you are in everything you do. Love this.
🎯💯💯👍👍💪🙏❤✌💵😇I know that's RIGHT!!🤔🤗
Happy is the one thing everyone is chasing after. Buying a home is probably the third thing on the list
@@yeswe_buy_houses1805 to bad you can't chase after happiness. You just have to be it. Been listening to Abraham hicks and reading Eckhart tolle. Very good points.
Thank you for sharing!!
You are blessed and you are happy. The people that look down on you are not nice people and their opinion is not needed nor wanted. I actually am saving money to buy a mobile home cash. I already have land. I would rather not have a mortgage. Peace of mind is priceless other people's opinions are worthless.
Thank you for this! I'm 34, single mom, building an empire that is completely unseen by my family and the world. I've been doing all the foundational "behind the scenes" work for 5 years. A lot of trail and error! A lot of learning and growing! A lot of just getting by... My younger sister is getting a house built and I can feel my family looking at me like dang, you suck... lol. It's a "rich mom poor mom" thing. I'm focused on building wealth and a legacy so I take risks. My sister is focused on consistent stability so on paper, it looks like she's the successful one and I'm a failure. Lol. One day, I will buy my dream home cash!
Thank you so much for watching!! :)
I feel ya, sister! Same here! Atleast you’ve started! I’ve been rebuilding and am finally at the point where I can start looking at investing. It’s definitely about delayed gratification and all about that empire!
Thumbnail is next level
Thank you!!!
Right ! 😂
I lurk this channel often, and to let you know... you have done so much to help me plan for my family’s future. I have studied your videos and I can’t tell you how valuable you are to our future.
Your not alone, and you’re doing the work of Gods on here. I honestly can’t express in words how grateful I am you have made these videos for the public.
We understand loans, PMI, debt to income, appraisals, etc. because you! You are a god send my friend. When we eventually buy a home, we will fly you, Javier V, and Cash Jordan out for the party!
Thank you!
Thank you so much for sharing, I'm so glad to help!!!
@@WinTheHouseYouLove you are helping families build generational wealth. Your presence on this earth is priceless. Keep your head up!
I just recently decided to put off buying a house until the market is in a better shape for a first time buyer.
First time buyer or underprepared?
@@Dom-pi1gj First time. This is a forever home market.
It’s just gonna keep getting worse. The market will never fall
@@jacobinite2384 You must be young and not understand Financial cycles. All Markets have a Blow off top then fall hard for a time then run again.
Good idea this is not amateur hour unless ur absolutely prepared 20% down payment 3-6 month emergency fund etc ur time will come 😊
I've always worn my renter's "badge" proudly knowing that I could always change the scene as I saw fit. Ask the 5.2 million renters in NYC why they rent and also why most don't own a car. Your possessions shouldn't define your happiness. Thanks for sharing!
Great perspective, thank you for sharing!
@omarvazquez2748 same here, my friend, I have no shame in being a renter. To me, it's much less stressful & more enjoyable.
That storytime transition was dooooope!!
Thank youuuuu
I’m a therapist and I’m totally using , “ sometimes you have to take the frustration and rest in it “ with my clients ... (and myself 😉). Thank you so much for this video and everything about it!
Best compliment ever!! Thank you for watching!
I’m a school counselor and I’m definitely using it myself too. This was a gem.
Oh my god that “Jesus Christ “ kid I had to watch a few times! Hilarious 😂
LOL
YES I love that Vine!!
That is really awesome of you to share that with us, thank you. It's hard to be patient and I am trying!
It's tough, hang in there!!
Thank you for this video! It literally came at the perfect time! My husband and I just decided to put off trying to get our first home. Lenders kept saying we needed more and more money and that just isn't attainable right now even though we are aggressively saving. It has been for me telling myself "Well at 30 you should have had this by now, look at all the people you know your age and younger who have it, where did you go wrong?" But I have come to terms with it. We have a nice place we are renting, amazing price, great landlords so I can't complain too much. Just to have a little more space and a washer/dryer isn't worth having to pay a crazy mortgage payment just to say I have a house and prove myself to anyone. I will drop off my laundry instead and make myself feel better knowing I am still able to save money, repairs are fixed by my landlord, I don't have to deal with property taxes etc. Right now, I'm finally content with renting for a while longer.
Thank you for sharing!!
It used to be more expensive to rent, but these insane home prices have changed that. We’re going to use this time to check out where we really would want to live instead of rushing to get whatever we can and it not being what we want or need.
Thank you so much for watching!! :)
How timely this is for me. You are so reassuring. This was cathartic.
Thank you so much for watching!! :)
Thank you for being authentic. And thank you for your words of encouragement. Sounds like you’re being patient and waiting for your best possible opportunity to make the move. You sir, are a voice of reason amongst chaos. I’m really enjoying the content that you’re putting out there. Keep up the good work, and thank you again for bringing a level head to a process that seems overwhelming. I too look forward to owning a home of my own, one day, but have no desire to leap into before I’m truly ready. Keep rocking it!
Thank you so much!!
This is perfect, I'm so tired of hearing that I'm wasting money...gotta live somewhere. I'll get there when the time and the market is right
Thank you so much for watching!! :)
Love the transparency !
Thank you sir!
It’s so stressful thinking about buying a home, I feel you on this one. With all the helpful advice you give out to the community, you deserve your dream home.
Thank you!
Thanks for your honesty and transparency. Your openness was really encouraging to me. It helped reduce the shame and frustration I have in renting.
Thank you and best of luck! :)
Thank you for This! we’ve been renting forever & I really never pushed to buy a home till now, the market insane & for a while I was feeling pressured and overwhelmed. I’m to the point where I’m starting to feel, we just need to continue to wait. I’m in no rush, our rent is affordable and the area we live is so convenient! Btw your voice is so relaxing 💗
Thank you so much for watching!! :)
Much respect for you!! Thank you for being open and transparent! That's exactly why I subscribed months ago!👍🏼👍🏼
Awesome! Thank you!
Loved this video...perfect timing as I renew my lease. Everything about this video was on point....the thumbnail, editing, lighting/music for storytime and best of all your advice. Thanks for being genuine and sharing your truth and letting us know it's ok to be renters. I'm so happy I found you and Javier....when the time comes to buy I'm going to have so much knowledge....can't thank you enough 💞
Thank you so much Linda!!
You’re not alone and I also felt shame for not owning a house. I have learned to be patient and wait for the right opportunity. I love the area we currently live, but house prices are far out of our reach right now. In the meantime we save money and wait.
Thank you so much for watching!! :)
Same I rent and live 5 minutes from work and I know this area like the back of my hand. All these houses we could "afford" I have never been to those areas. AND I don't want to settle.
@@angie21moon exactly!
I appreciate the honesty! No one should be shamed if they rent because they need or want to.
Thank you so much for watching!! :)
thanks for your authenticity. I've learned so much from your channel for when I am ready to buy my own home.
Thank you so much for watching!! :)
Thank you for the transparency I really appreciate it man
Thank you Jimmy!
I’m so glad I found your channel. Thank you for being so genuine! ❤️
Thank you so much!!
I’ve been a renter all my life. I got serious about my credit about 3 or 4 years ago. My FICO scores, right now, ranges between 765 - 780. Every time I think of starting the home buying process, so much doubt and anxiety creeps in about the responsibilities of owning a home and then I start thinking that renting isn’t bad after all. Seeing my married friends struggle with their home doesn’t help at all and they both work and make decent money. I have over $20k saved up for a “rainy day”, 10 plus years at my job, the only child I pay for is a 2018 Chrysler 300. I have all of my credit cards at 0-9% utilization. I really don’t know when will the right time be for me to take that leap. Sigh 😔... lemme go 🏃🏾pay this rent for next month.
Sounds like you've put in a ton of great work!!
@@WinTheHouseYouLove ... Yes! Lots of hard work and discipline. 😁
Thank You Kyle for your transparency!!!!
I'm glad to help!
You're awesome... 💘the transparency. Home buying seems like an unreachable dream especially in Dallas.
You can do it!
Thank you for your honesty. LOVE your channel fam!
Thank you!
The transition & music = A vibe
Love all of your videos☀️🌴
Thank you so much!!
The beginning was so hilarious to me 😂
That Vine gets me every time 🤣
Me too 😅🤣
Respect for being such a open and humble person. You are a true inspiration homie.
Thanks!
My wife and I were pre-approved and we were looking at houses, but in our area the seller were asking for too much or it needed work. At the time, we had about 30k in student loans and it was always in the back of my mind that was telling me to pay it off first before buying. I knew it was going to be tough to pay off student loans and have a mortgage at the same time. So we paid off the student loans and will continue to rent for another year. Hopefully the market will be better by then.
amazing job!!
@@blessedwifeandmama thank you!!
My wife and I did the same thing! Now we have a better DTI!!!
Congrats! It's tough out there!!
I wish I had your smarts on how the mortgage/loan business goes. That’s so valuable! I’m such an inpatient person; my wife and I bought a home sort of quickly and we are now unhappy with it. Before you know it, you’ll be able to find your perfect home and buy it wisely. 👍 Awesome video!!
It's all a process of learning and unfolding! Thank you!
Thank you for your honesty as always!!
Thank you so much for watching!! :)
Thank You for your transparency. I love your videos.
Thank you so much for watching!! :)
Most Authentic CZcams Channel !!!
Thank you so much for watching!! :)
I live in NJ and rent I hope to buy soon but I am okay renting for now. I am thankful/ grateful to have a safe,clean place and a roof over my head all while working toward my goal of owning a home.Buying a Home in NJ unless you go to South Jersey is so hard.The taxes alone discourage me and make me want out of the State.
Thank you so much for watching!! :)
I’m single income, supporting 2 kids and partner/girlfriend on 52k. I live in Northern Cali. Got a great credit score recently and have some student debt. Can’t pay for child care so renting seems like the only option. Good thing is to be patient keep grinding and save up and roll with the punches.
Thank you for sharing!! Hang in there with the plan, it will work out :)
Yes!
I'm renting in sonoma county sheesh
Thanks for sharing Kyle! Don't beat yourself up. I can relate as it took me 5 years of being in the business myself before I bought my first home :)
Thank you!
I think it's so wise to really know and understand your reasons for either renting or buying. I've had friends try to encourage me to buy before I was ready -- I didn't feel like I had enough income or savings yet, but mostly, I didn't want to own a home by myself. There are a lot of reasons why it might not be right to buy, especially with this market, but cost and upkeep of a home all by myself have been the big reasons for me.
This video was right on time! Thank you for your humility Kyle. I'm sure it resonates with a lot of folks, including myself. The saying goes "Do what you have to do, so you can later do what you want to do."
Glad it was helpful!
Thank you for being open and honest it’s refreshing! Thank you for what you do, I have learned a lot.
Thank you so much for watching!! :)
Yes, helpful to share! Renting is ok. Everyone has their own path and it IS OK. People need to respect that. I am in your situation too self-employed, making six figures but it doesn’t matter. They want those TWO YEARS.. Even after two years, your self-employment may not be high enough even after tax deductions since they only look at net and not gross income to qualify you. I am lucky and have a non-occupant cosigner who saved me. I made an offer on a house yesterday and it was accepted! I love your validation of peoples needs. You are so encouraging. Thank you!!
For sure!! Thank you for sharing your experience!!
I have been watching a lot of your videos recently because my fiancé and I are looking into buying. We are renting right now and our landlord dropped the bomb on us that he is going to be selling the house, and we are not wanting to be locked down in this house so we will be looking elsewhere. Renting is alright, but I honestly hate answering to landlords. I have 4 cats and most places don’t allow more than 2- if any at all! And I would never in a million years rehome them. My dad passed away 3 weeks ago and really wanted me to buy my own house so your videos have been helping me a lot in preparing- thank you!!
This is touching. Thank you for your complement. Good Luck!
Thanks for the transparency 👍🏾
Thank you so much for watching!! :)
Some people can definitely buy a home but always remember that you need a good solid quality of life too. If you’re paying over 30% of your monthly income on just your house then eventually that high mortgage number will catch up to you and you will regret it. I am currently able to buy a house no problem but have decided to rent because the cost is extremely high and I would be paying around 60% of my current take home just to pay it. That is not comfortable living. Don’t make that mistake just cuz you want to feel like you’ve “made it”
You’re almost like my therapist dude! Thank you so much for the amazing and informative content. Keep it up!
Hahah love it! Thank you for watching!
Dont worry about it...when i rent i learn more and i stay updated on information. I love helping people.
Thank you so much for watching!! :)
Thank you so much for that video. Yesterday, my husband and I were having the conversation of having to keep renting. Our credit score is still not good enough for the mortgage rate we would like and there’s so much competition with the housing in Central Florida, it’s a bit overwhelming. As much as I would’ve liked to buy my home by this summer and have something to invest in for my children it’s just not realistic at this point but you made me feel so much better about renting. Ranting always made me cringe in the thought that I felt I was wasting my money.
Thank you for sharing!!
Thanks for opening up Kyle, really appreciate your honesty! I have no choice but to rent, but I did notice the look on people's faces when I say we're renting, and frankly, I don't care. BTW these same people are stuck in their houses and are unable to "upgrade" because of the current market, in other words they also have their frustrations. It's all about how you want to see things in life, glass half empty or half full.
Thank you for sharing your experience!!
I'm so glad you made this video. Thank you.
Glad you enjoyed it!
WHAT???!!! you made me buy a whole house LOL - :) well lemme get to closing in 2 weeks. Kyle, you've been great and this transparency proves more of your character and keeping things real. Thank you for everything.
Hahahaha oops!!
Thanks so much for watching!!
This is a super transparent and vulnerable video. You've been very helpful in the loan process with your extremely informative videos. I ended up getting a 2.5% FHA loan and decided to get lender credits and increase my interest rate slightly since I'll be refinancing in just a few years thanks to your advice. Hope you win the house you love whenever you're ready!
Congrats! Thank you!!
Win The House You Love!!!!!’ That’s Why I’m Renting When The Right House At The Right Price In The Right Location Comes Along I Will Be An Owner Again!!!💯🌈🌹
Thank you so much for watching!! :)
In spite of renting in a terrible building, I feel at peace having made the decision to wait to buy a house. The market is depressing, and I don't have cash to compete. I'm so glad I saw this and the "Losing Offers" video. I knew I had made the right decision, but it was still good to hear you talk about it. Thanks!
Thanks for watching. :) I think you are already ready for this: czcams.com/video/xBtKMup3jVE/video.html&lc=Ugyj3hGh29w42K928NR4AaABAg.
That was me but now I made it. Finally financially and mentally ready for homeownership 🙌🏾
I appreciate the pep talk!
Thank you so much for watching!! :)
Stunning and Brave 👏 I applaud your HONESTY sir 👏
Thank you so much for watching!! :)
You Mr. Seagraves are a treasure! You’ve outdone yourself yet again!! Your vulnerability and love of others is a truly beautiful gift to this community. Thankful for you!
Ps- Im not disappointed! Im not following a guru w/ mansions & yachts but a cutie w/a kitty and a heart of gold!! 😻💛🎶☺️
Thank you!!!
I’m a loan officer too and I rent. I appreciate you sharing this !
Thanks for watching!
Very helpful! I am right there with you. I am from Texas and I’m saving up and getting things right first. I am also not crazy about having to hire people to fix things .
Thank you so much for watching!! :)
I'm in the same position - good credit, have a nice down payment but my "clock" restarted once I left the "9-5". Patience is key though.
Patience is always key :) Thank you for watching :)
Love the honesty. No Shame in the renting game. Especially in this market.
For sure!
That lighting switch up was 🔥🔥🔥🔥🔥
Thank you!!
While I was living in New York, owning a home never seemed to be within my grasp. The last place I rented, I lived there for 10 years & never had my rent increased. You get comfortable especially when your apartment is huge compared to others in a great neighborhood.
Fast forward to life in the Midwest, I just happened to stumble upon a listing an acquaintance was showing. It’s then I learned I could afford it with some effort on my part.
It was nice to be able to call someone to fix things like toilets or appliances. I had to become a student on CZcams university ASAP!! Nothing wrong with renting if you’re still figuring out where you want to plant roots.
Thank you so much for sharing my friend!! I hope the new home is still lovely!
@@WinTheHouseYouLove So far, so good!! Finally starting to put my personal touch on it when I realized I don't have sign a lease or anything in another 6 months, lol.
Thank you so much for sharing your story, at placed everything in perspective for me
Thank you so much for watching!! :)
That just means when you’re ready to buy a home it’ll be the best home for you at the best time!!! Going ahead & entering your entrepreneurship is probably the best time right now. Things are always working out better than we might realize!
Thank you :)
This video is something I’ve needed to hear for so long. Sincerely appreciate your content 🙌🏽
Glad it was helpful!
Thank you for sharing this! More people need to understand that when you are trying to do things the right way (and not do things like waste your money with a hard money loan) there is nothing you can do except wait it out. It can give people so much anxiety but making small goals for yourself can help. Love your channel btw, might contact you soon because we would love a second opinion!
Thank you for watching!
Man, I really like your videos! Thanks for sharing!
Thank you for sharing! I rent too and have been scrimping and saving so long for a down payment. Like you, prices are skyrocketing in my area (MA) so I’m just going to keep waiting and saving. I don’t want to spend what the prices are right now.
Thank you so much for watching!! :)
We are in the exact same position! Literally everyone asks when are you going to buy? I answer with when we are ready. Owning a home is only part of our goals not the end goal.
I felt shame because my husband has good income and everyone assumes so because of his career. But it's the 2 year income thing. It's so crazy!
It is, hang in there and stick to your plan. I'm with you :)
I’m applying loan recently, I feel grateful to find your channel . I have been looking for home since 2018, how I feel about 2020? You know it. But we all need to find our happiness and joys to move on.
Thank you so much for watching!! :)
Thank you so much for sharing your story,
Thanks for watching!
Thanks for sharing Kyle. It is also much harder to purchase on a one persons income compared to a dual income like most people do.
For sure, I'm thinking about a video on that soon :)
@@WinTheHouseYouLove pls do 🙏🏽 thank you 😊
Thank you for your honesty! You look very young and I'm sure you will get the house of your dreams.
Thanks!
I'm about to move back to my homestate and I'm looking to rent for the first time in my life. Ive owned two homes in my life, never rented. But in this market, I intend to wait for that moratorium to lift, and watch the house prices level back out or straight drop and pick up a sweet foreclosure deal. Thats the hope anyways.
I needed this video! I am a year out of college, getting married in May 2022 when my fiancé graduates and have been so stressed about buying now before the housing market grows even more in Dallas. But Im not ready to buy even if the market grows and I gotta accept it
Thank you so much for watching!! :)
Thanks for sharing
Thank you for watching! :)
Thanks for sharing,
Thank you so much for watching!! :)
I am about to move to another apt, I thought It will be to my house but it looks like the process will me more slowly that what I thought just like you are saying, and I decide to make my new apt my home and enjoying that I have a roof under my head !!.. one time my house will appear and I will be able to buy it... thank you !!! I wish you the best and hope in the future we can all talk about our dream house !!!!
That's great, thank you for sharing!
Thanks for sharing and being transparent. I did not know going from a W2 to a 1099 means another2 years- Wow.
Thank you so much for watching!! :)
If you're self-employed (1099), start getting ready ASAP. I am going through this right now, and I had almost 3 years 1099 income, 760 score, and $20k and it's STILL a giant pain in the ass😭
Thank you for sharing. Great video.
Thank you so much for watching!! :)
I love your transparency! Sometimes it is what works for you! I am a Real Estate broker. But in the beginning of my career I didn't own a home either. It was somewhat embarrassing for me as well. The first time I actually sat at a closing table was with my client. Lol.
Thank you for sharing!!
Love this video, even more, that you're so open- just like me. I tell people the same thing that you have to do what's best for you. I waited until my later years to attend college and just graduated last May with my associate's and bachelors at the age of 31. Now I'm in the process of pursuing graduate school. I own two cars that I've used my stimulus money to buy and now I'm in the process of building a garage with my stimulus money. It's also worth saying that it helps to live at home if one has the option. I have saved so much money just by living at home. There little point in moving out if I'm not married or have children so why add the extra unnecessary expense. At this rate, I'm hoping ill have a sizable downpayment once i actually need to buy a home.
Thank you so much for watching!! :)
Yess ! I definitely don’t want my first home to need work ! I used to think I was wrong for that 😭
You're not wrong at all!
Nice! Very different way of looking at things.
Thank you so much for watching!! :)
The double clap ambiance change for the win 🥳
Clap cut is a dope touch!
Thanks!
That opening man...LOL 😆 🤣 😂
Hahaha that Vine gets me every time!
@@WinTheHouseYouLove Brother, I can't stop laughing at that one. That was epic 😅
Thanks for sharing! You are awesome! I'm in the same position as you due to COVID. God Bless you bro! We will make our dreams a reality!
You got this!