Scott’s House Call: Dinner Party (Episode 6)

Scott’s House Call: Dinner Party (Episode 6)


– Do you keep score? I’m keeping score.
– I’m trying to buy a house here I’ve got bigger problems.
(laughter) (doorbell rings) (upbeat music) – I’m heading to a fiesta hosted by one of my
employees, Taylor. Now her and all her friends they want to get
into home ownership. They’re thinking about
buying real estate and I’m the real estate guy. So I’ve been invited along to have some fun, fill my belly, but also answer some of
their important questions. This should be fun. – So for whatever reason, my friends are super
excited to hang out with you. – Cause you’re the
coolest boss ever, baby. Guys, this dude followed
me home from work. (group exclaims) – Hey guys! She told
me she had friends, I didn’t believe her. So I had to come by and
check that out myself. – I had to prove it. I know you guys have questions. I get to ask my
questions whenever I want, so I figured I’d let him
follow me home this time. – I thought you said we
were drinking and eating. – We are, there’s gonna be food. But I think we
should probably like beat you in some games first. (upbeat music) – I’m curious about
why home ownership should be on my radar
in the first place. – You don’t have to
be into home ownership if you want to be
poor your whole life. You make money at
your job it’s income. Even if you make $50,000 a year you pay income taxes, you only take home
thirty let’s say. Whereas if you own a home
and it’s worth $100,000 and it goes up to $200,000 you get to keep the extra $100,000, no taxes. – Right.
– I always say real estate is like a yo-yo on an escalator. It’s gonna go up and
down a little bit, but it’s gonna go up
and down all the way up. (upbeat music) What’s in that drink? – That’s a good question. We’re sort of in
a renter’s world. – Right.
– So what are some tips that can take me sort
of into home ownership? – You should try
to get pre-approved for a mortgage. So there’s no reason why
you can’t get pre-approved. Anyone who tells
you you’re too young to own real estate is… You know you shouldn’t
listen to those people because legally,
after you turn 18 you’re good to go. – So I should block all
those people out of my life. (laughing) – Don’t let us down. Yes! That’s my partner. (upbeat salsa music) – I have been
dying to eat these churros – Looks good.
– all day (upbeat music) – I think you two
have something in common. – Yes.
– I think so. – Before I ever worked for you I worked with Amber. This is her twin,
yeah, Victoria. – Victoria. And wait
a second Victoria you’re the one who
already owns a property. – Yeah I do, yes. And Amber lives with me. – Yup. – You’re a renter? – No I’m not a renter. I live for free. – Oh, what? – Sisterly love! I’m not gonna charge my sister. – I need a twin. (laughing) Do you wanna buy a house? – Yes I do. I’m very interested in
buying my own place. – What you should do
is you should start practicing for a mortgage. You know a mortgage
could be $1,500 a month. – Yeah – Start putting $1,500 aside on the first of every month. If you can do
that for a year, then you have trained yourself
and you’ve proven that you can in fact pay
a mortgage and follow that. Plus you’re gonna
save $18,000 up towards a down payment. – What about using
a local agent? – 20 years ago there
was no such way for any of us to go online
and look at real estate. Today there are
platforms like owners.com where you can do
all the research, you can access the
MLS properties, but you can also access agents. You can still talk to somebody who is a licensed
agent and they can put the offer together for you. And when you actually
make that purchase in certain markets you
get a rebate on closing, which can be up to 1.5%
of the purchase price which makes a huge difference when you’re buying a first home. (upbeat music) – Churro cheers! (group exclaims) (upbeat music) – The second most important
thing after home ownership is finding her a boyfriend. (laughing) – Will you co-sign with me? (laughing) (upbeat music)

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