Venture With Joe and Cody
Venture with Joe and Cody is a captivating journey into the lives and stories of business leaders, entrepreneurs, and pivotal community figures, revealing the essence of success through candid conversations. Tune in to discover the setbacks, triumphs, and invaluable lessons learned on the path to making a mark in the business world and beyond.
Venture With Joe and Cody
Myths Vs. Reality In Home Buying
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A twelve-foot skeleton on the lawn might grab attention, but it won’t close the deal—clear facts and smart decisions will. We dive into the most persistent myths in real estate and lending and replace them with practical, real-world guidance you can use right now. From the misconception that you need 20% down to the belief that perfect credit is mandatory, we explain what actually matters, how programs differ, and why taking action beats waiting for the “perfect” moment.
We get candid about rent versus buy in today’s market. Renting can be flexible and sometimes cheaper month-to-month, but ownership channels payments into equity, protects you from surprise rent hikes, and builds long-term wealth. You’ll hear examples of house hacking, stepping stones to a “forever” home, and the hidden risks of relying on a landlord’s timeline. We also push back on the “wait for rates to drop” mantra. No one can time interest rates reliably. If the payment fits your budget and the home fits your life, you don’t need a crystal ball—you need a plan.
We also tackle negotiation and due diligence. When does a low initial offer make sense, and when does it cost you the house? What can a general inspection realistically catch, and when should you bring in specialists? And do you truly need an agent every time? We outline when going solo can work and why, in most cases, an experienced agent quietly protects your money, your timeline, and your sanity.
If you’re weighing a move, starting your first purchase, or just trying to see past the noise, this conversation gives you the clarity to act with confidence. Hit play, subscribe on Spotify or Apple, and leave a review with the biggest myth you’ve heard lately—we’ll tackle it on a future show.
Hey, hey guys. Welcome to another episode of Venture with Joe and Cody. I'm Joe Skipper, the owner of Skipper Realty Group brokered by EXP Realty, and I'm with my friend Cody Wilhelm with Residential Mortgage, Professional Lender, and Mortgage Man. That's right. What's going on? Just living it up. Yeah. You know?
SPEAKER_01Yeah.
SPEAKER_02Just being being an agent. That's what I'm doing, man. We've had uh had really good things happen over the last two weeks, and then just like stuff hits the fan right away. And yeah, trying to deal with all that stuff. So but it's good. It's good. It's part of the part of the gig. That's why we get paid the big bucks, right?
SPEAKER_00That's right. That's right. Are you selling houses that are decorated for Halloween?
SPEAKER_02Yes. Yes. Yeah. Yes. Nice. That's interesting. Yeah, and it's fine. Like it's it's just, yeah. It's it's hard because people have to enjoy their life. Like, you can't tell people to to be a bummer and not enjoy the holiday season, especially when you get to like Christmas or things like that. Yeah. Which I think Christmas is a little bit less intense on people than Halloween. Right. Decorations.
SPEAKER_00Some people can get a little nuts.
SPEAKER_02Yes. But uh Halloween decorations can get kind of crazy and dark and everything like that. So we our clients are awesome and they they move stuff around to accommodate. But it's always a thing. There was one that I had years ago, and they had one of the huge skeletons, like huge skeletons in the front yard. I was like, and you can't just take it down during like, hey, I got a showing, take it down. It's like, no, that skeleton will be there. That's there. And standing there, I was like, oh, geez. And if you offer the right price, we'll leave it here. Those things are intense, man. They are. Like in our neighborhood, oddly enough, I'm like, when did everyone start getting into Halloween decorations? Like, our neighborhood is decked out. Like it's crazy. Yeah. So I don't know. Like everyone's just in, and they're in the Christmas spirit too. It's like whatever season everyone's like doing in our neighborhood. There's like scary houses and houses that are all lit up, like looking like a haunted house. I'm like, this is intense, but yeah. We have our little cheesy bats and stuff on the what on the door and stuff, but nothing as crazy as some people have.
SPEAKER_00So no, we we don't really have a whole lot. Ours is more like fall kind of like there's pumpkins and leaves and scarecrows, and yeah. It's kind of like the whole it goes up usually, you know, first part of October. Yeah.
SPEAKER_02And then it stays until we start decorating for Christmas. Yes, absolutely. Yeah, we kind of do the cheesy ones too. We don't like, but theirs, man, they have these every apparently they're super popular. There's spider webs, like the big spider webs that run from a tree down to the ground. Yeah. And they're lit up. And so at night they're all purple or orange or whatever. It's like anyways.
SPEAKER_01Yeah, yeah.
SPEAKER_02But we don't have any, yeah. We have people selling in this market with their decorations, but they're pretty good. They're pretty easy to deal with.
SPEAKER_00Yeah. It's not like you have to go through a haunted house just to see the inside of the house.
SPEAKER_02Picture the potential. It's like that uh question we had that was like, Well, should I mow my yard just so people can see? Like, I shouldn't mow my yard so people can see the potential in the house.
SPEAKER_00Right. Yeah. Is that real blood on the wall or is that just fake? I can't.
SPEAKER_02You clean it up, you add a few thousand dollars. Right. Yeah. To the cost of the house. We'll bleach it out. Simple cleanups will make a big difference. Yeah, no kidding. Well, I wanted to go over, you wanted to go over some myths in the real estate lending world and uh we'll chat about them and see see if these are common things or or what you what you think of them. So let's start rolling, man.
SPEAKER_00I've got 10 of them. Okay.
SPEAKER_02See if we can make through 10, or probably not, because we're long-winded.
Market Vibes And Seasonal Staging
SPEAKER_00We'll see how far we can get into them. But I know that there's a few of these that are that are commonly asked. There's some on here that I, you know, you might see you might get some of these questions or thoughts from people, but there are definitely a few that I think are still a myth or a misconception. Right. All right. So the first one, which is probably the most common one that I still get, which I'm surprised by, but you know, I know not everybody's looking at buying house all the time. The first myth is you need 20% down to buy a home.
SPEAKER_02We should have one of those buzzers. Right? Yeah, I think that I think that is still a common thought. And it's interesting because I don't see it advertised anywhere. I don't like I don't you guys don't like say it. So I'm wondering where people get it, whether that's just like I don't know, that just train of thought. I don't I don't I don't know where people get that like 20% down. I know historically that is the case, but there's so many opportunities. Yeah. 20% is actually like not a not as common, I don't think.
SPEAKER_00No. And I and I wonder too if it's you know, in our live that we did, we were talking about different generations and how they approach home buying. I wonder if some of that is just passed down from the general parents and generations, and that was just kind of like that's just what's been told. And unless you go find because I feel like most of what's advertised is low down payment, you know, trying to make it to where it seems easier for people rather than, you know, you gotta have 20. 20% is a good chunk. Yeah, it's a lot of money. Regardless of what amount of house you're buying. Yeah, it's a lot of money. And I still get people that ask it or that are like, well, we're gonna wait until we get 20%, you know, and it's like, okay, how much do you have now? And you start looking through it and you're like, that's gonna take you, I mean, it took you five years to get five percent. Like you're never gonna be able to buy at this rate.
SPEAKER_02And so well, a caveat to that, would it make it fact if you said you have to have 20% down to get a mortgage without mortgage insurance? That would be is that fact? Or is that No. No? No, because you can still do a a buyout for mortgage insurance. Okay, so it's not typically true. I'm trying to think of what that connection is of like the 20%, but 20% typically takes that out, like a 20% down, right? Absolutely. It'll be gone. Yeah, okay. For a conventional loan. But it doesn't necessarily mean you have to have mortgage insurance for anything under. Right.
SPEAKER_00Yeah. Okay. You can you can pay the piper and and not have mortgage insurance, which is essentially.
SPEAKER_02You're getting into the nitty-gritty. I'm talking like, how do we just make this generic statement? Fact. And I think 20% down, 20% down, that's the best way to get insurance.
SPEAKER_00Correct. Yeah. Fact-ish. So so the the myth is you have to have 20% down to buy. The fact would be you put 20% down and you're not gonna have mortgage inside. Yes. As long as you're doing a conventional loan. Okay. So I'm not sure. Okay, so that's number one. Okay. So I think we both agree. Yes. You still don't need 20% down to buy. We made it a fact by adding terms. Little asterisk. Yes. Uh okay, here's the second one. You have to have perfect credit to be able to buy a house. Myth. That is a myth.
SPEAKER_02Big time myth.
SPEAKER_00Absolutely.
SPEAKER_02Yeah.
SPEAKER_00I don't even think we need to talk much about this.
SPEAKER_02Yeah. You can go down to Yeah, you guys can work with people with uh low credit, no credit, you know, not no credit, but you can definitely work. It's gonna cost you more, right?
SPEAKER_00Yep. Yep. But you're gonna be more limited on what you can do. Your approval will typically be reduced if your credit is really low. But for FHA, you can go down to 580. Woof. If you don't have any credit, you can do non-traditional credit, which we just get copies of your like utility bills and stuff, and we just kind of essentially create a bare minimum credit for you. No, it's gonna make your make your life easier, but you don't have to have perfect credit.
SPEAKER_02Okay. Don't need 20% down. Don't have to have perfect credit. We've yep dealt with two myths.
SPEAKER_00We're cooking that everybody. Okay, this one, this one's gonna be uh applicable. It's always cheaper to rent. What do you think about that?
Myth 1: Need 20 Percent Down
SPEAKER_02Well, I guess that depends on a lot of factors. It's yeah, it can be, depending on what you're looking for in a house to buy or a house to rent or a condo to rent versus buy. My biased opinion is that it's what the money's going to that's more important. You know, are you getting you're you're putting money in a in a purchase, you're putting all of your rent into the payment of the home, which brings down the cost of the home, which builds equity in your home, which builds you wealth. The rental is throwing it to the landlord who owns the building or owns the home, that now he's paying, he's using your rent to pay for his mortgage, which builds him wealth, and you are sitting there in a house that yes, you don't have to deal with any of the issues that come with homeowning. However, you also are paying someone else's mortgage, honestly. Right. And building their wealth while you do it. So yeah. I I think you depends on the scenario. I think. What do you think? That's not necessarily a myth because it you can get rent cheaper.
SPEAKER_00Yeah, I agree. I think it's kind of like short-term, long term. Short term, it is probably cheaper to rent just because you can you might be able to rent something for cheaper than what you can pay for a monthly mortgage. Yeah, in this current environment. But long term, I think it's it is you're making money by by buying a house as opposed to rent. You're you're just locked in at whatever the rent is. You know that you're not gonna have other costs associated with with maintaining the property, which is good, which is great, yeah.
SPEAKER_02But your amount of money helps as wealth, right? Ultimately. And people always say like there's a ton of people on every social media realm has these idiots. And I don't want to say they're idiots. They just You can they go this route of like the non like I rent, because then you can travel, you can do whatever you want. But again, that's a short-term solution, but it doesn't end up it doesn't end up helping you necessarily in the end. Yes, renting is great because you could just leave it, you can walk away whenever you want, you can upgrade a condo, downgrade a condo, you know, whatever you want. But again, sounding like an old man, like long-term wealth is not being built by that. You are literally building an investor's portfolio by paying them. Like, just think about that. Like someone else will now look 15 years down the road and use that home as leverage to purchase another property or to sell it and make a ton of money and you paid it, like you paid their mortgage down. It's like yeah. So if you think of if you sit down and think about it, I'm not I'm a person that gets very like bitter about that stuff. Like, and I'm like, if you sit down and think about that, you're paying someone else to be wealthy, right? No, no, no, no, no, no. Yeah. So anyways, but some people have to, but sure. I'm not knocking renters at all.
SPEAKER_00But no, it's it's a necessary part of everything.
SPEAKER_02Just like getting a car loan, you know, versus sitting around saying, renting because I'm so free and I can do whatever I want, and you know, blah, blah, blah. I'm like, okay, okay. Yeah, have fun with that.
SPEAKER_00Yeah. Or you run into situations, and this is not super common, but I got a buddy that just moved into a rental and has to have been less than a month into it, he gets a notice from the landlord saying that they're gonna be selling the house. So it's like, you know, I think the assumption is that you're you're gonna rent and we could rent here as long as we want, but can't control the the rent cost, and you can't control when they maybe have to put a family member in there and they're gonna sell it. Yes. Yeah.
SPEAKER_02They're like, hey, thanks for paying for a few years, and now I'm gonna leverage that and buy something better. Like right.
Myth 2: Perfect Credit Required
SPEAKER_00Or something happened in their life and they can no longer be in their home and they need to move back in that one because it's a one level and they've got a physical issue. You know, who there's a lot of variables that I don't think get really talked about because it's rent feels very safe, which it you know, it's non-committal safe, but outside of that, it's uh yeah. Interesting. Okay. Okay. We can't really bless that myth. I don't think. No. Here's here's one that is very applicable for for this environment that we're in. You should always wait for rates to drop.
SPEAKER_02Oh, I hate that term. I hate it. We it's been years of hearing this. Like, I'm waiting for rates to drop. Right. We've been beaten with that. Uh no, it's a it's a complete myth. It's a there is no one that can predict what rates are going to do. Not you, not any lender, not any agent, not anything. Like we can have a trend. We can look at trends, we can look at long-term things, we can look at political decisions that are being made that may in fact predict things that are going to happen. Absurd to wait for rates to go down. Yes, I completely agree. Especially if you're renting and you have the money to make it to get into a home. I'm not even forcing people to buy just so that I can make a commission. It's like just think about it logically. Like if you can afford to invest in an asset like a house, then invest in it. The rates will fluctuate through the years, but you will grow wealth and you can always, I don't even want to say refinance down the road because then people are like, oh, you just said refinance, and what if rates go up? And right, just don't even think about it. If you can afford the home right now at the rates and you're getting a good deal on the home, you are you're fine. Don't wait for rates.
SPEAKER_00Right. I obviously agree with you. And this is a conversation that happens regardless of the rate environment, too. Yep. Yep. This was happening when they were in the fours. This is happening when they were in the twos. COVID, they're like, hey, maybe we'll get to one. It's like Yeah. Should we wait a little bit longer? What do you think? We're, you know, we're all the all the different reasons. And to go back to what you just said, it is just, is it your is it the time, is it the right time for you? Because if so, then this is this is the time nobody knows how to time the rate market. We don't know when we're at a low and when or when we're at a high.
SPEAKER_02I think we have an impulsive generation, honestly. And not to sound old. We do. Like, I think people they want to day trade everything, you know? Like, and it's easy because I think our social media, everything is built around this like immediate decision, satisfaction, disappointment. Like everything's immediate. There is no like you don't have to wait for anything. There's no delayed gratification for anything. There's no nothing. And I think that they treat that same way of like, hey, maybe wait a week or two and get the housing market to tank, or maybe wait a week. And it's like none of that happens. Like, yeah, yes, you can, you can win. Like, just like in Vegas, you can win. Sure. But generally speaking, you're not going to do well if you if you're waiting for rates.
SPEAKER_00So it's and there's trends, there's there's things that you can look back on history and say, okay, well, this might be happening, but there's no way of predicting what's going to happen. Here you go. This is probably something you tell your clients. You should probably or you should buy the biggest house you can afford. I don't even know if that's a myth. Like where do yeah.
SPEAKER_02I guess you can't. Like, I I don't know. Like if you can afford a big house and you want a big house, like I'd say go for it. But yeah, I don't know.
SPEAKER_00To me, that's more of like a situational. Some people just want to go, you know, whatever the top of their comfort level is, they'll go with that.
Myth 3: Renting Is Always Cheaper
SPEAKER_02But yeah, it's more of a personal preference. I would say if you can afford a big house, go for it. But it's not as big houses don't necessarily equate to more fun, they equate to generally more work. Yeah. And so yeah, the the big house sounds cool, but then you gotta care for it. So think about that.
SPEAKER_00I tend to push people away from the max out max out your your budget by the biggest.
SPEAKER_02If that's what that myth is meaning, definitely don't. You know, yeah. I think what you guys approve people for is in my opinion, like that's that's too much. Because I I agree. I think what you can get approved for and what you can actually afford is very different. And so when Cody says you're approved for 1.5 million, you do not generally want to go to 1.5 million because you'll be eating top ramen in your$1.5 million home. Right. And not able to do anything with your life. So if that's the case, that is a myth that you should buy the biggest house that you can afford. I don't think you should. I think you should.
SPEAKER_00I don't think you're gonna have much of an opinion on this one, but um, our sixth myth here is you don't need a real estate agent.
SPEAKER_02I would like, I don't even I've said this on multiple videos, multiple people. Yeah, you don't like and I'm not saying that I am a real estate agent, and it might sound like I'm shooting myself in the foot, but I'm I don't think you need a real estate agent. Do I think it is beneficial in 98 to 99% of cases? Absolutely. You know, it's the same thing like people that'll say, should I use open door to have my house bought? There are definitely a time where you can just bypass an agent, get open door to buy your house and move on. People have different motivations, different goals, different stresses in their lives that may need something quick. Like you can use a discount agent, like that doesn't do anything besides just handle your paperwork. That could work too. So I would say that agents do make a difference, uh significant difference in a sale to get you the most money. I think statistics show that that agents, represented clients with agents get more money out of the home they're selling and they get a better deal for a client in the home they're purchasing. Having said that, there are scenarios that I would easily tell a friend of mine, just go with your go with yourself, sell it, sell it by yourself. You're in this scenario that, you know, your house is super popular, it's in a super popular neighborhood, rates are great, sellers market. Sure. You can save some money by selling it yourself, you know. So yeah, I don't think it's a myth. What was the myth? Yeah. What was it? That you don't need a real estate agent? You don't need a real estate agent. I think that's there, there's an asterisk beside it. I think it's not a it's not necessarily false. I would say that agents do a a good agent will get you the most money out of a home, but you can always go without it.
SPEAKER_00Yeah, I mean you and I probably have seen plenty of uh instances where a real estate agent is absolutely necessary. It's sure you run into some here and there where it's like it does, it's just there's no no hiccups, no bumps or anything. But for somebody that doesn't know what they're doing to jump into that and when it comes to negotiating and what do I put here and what do I do here and how who do I reach out to? Like yeah, that can be a very overwhelming thing. Absolutely. And then when you run into issues, that's a whole new thing. Who am I to now? Am I looking at talking to a a real estate attorney and you know for sure.
SPEAKER_02If it if it goes smoothly, it can go really smoothly. But I would say, like, even the paperwork, there's a lot of timelines and things like that that can easily be missed. And again, like you don't notice it when your agent is representing you because you just go through the process and you don't hear from anything and everything works smoothly, and the lender and agent are talking and they're everything's fine. It's when things hit the fan, and that's when a good agent will help you. Even things will hit the fan, and you don't even notice they hit the fan, like because the agent has protected you from that. So yeah, it's kind of one of those weird careers, like same with lending. It's like if things go well, people think, Why did I need you? Yes, you know, and right the people that struggled with the transaction can be testimony to those people to say, I needed my agent. I needed this lender. This was a terrible deal. It would have gone horribly wrong if I did it myself or if I had some cut rate agent or lender. I think those are the people that yeah, need to speak out, I guess. Yeah. Because it is hard. Like, I'm not gonna brag that, you know, we're up, you know, because you have agents on social media. I'm up all the time responding to texts and you don't even know it, like kind of justifying our existence. And I'm like, I get it, I get kind of letting people know that we work hard, but I don't know. Like, I just it's a weird field. I don't want people to know that anything's going hard for them, like or gonna struggle. I just want to get to the close, get them to be happy with a deal and move on. Right. And but what comes with that is kind of that that kind of, yeah. Like, did you do anything? Like, right. So I don't know. We've talked about this before. I don't know what your thoughts are on it.
Myth 4: Wait For Rates To Drop
SPEAKER_00Like it's that that's a struggle I always am going through of trying. I don't want it to feel overwhelming to them. Yeah. So it's not like I want to present to them every every bump or change or whatever is going on when I can when I know that I can fix it or address it or whatever it is.
SPEAKER_02Without minimum with minimal input from them. Yes, you know.
SPEAKER_00They don't need to be involved in everything, but then there are times where you might be like putting out fires everywhere to keep everything just moving along like it should. Yeah. But then there are there's times where I'm like, man, maybe I should have told them, hey, here's here's what I've been doing this whole time, like not just hanging out here, like twiddling my thumbs. But I also don't want it to be an overwhelming thing where they're like, oh man, another thing came up, or oh wow, we got to go get this or do this, and you're like overwhelming them with stress of what's going on, and they're feeling like at any moment this thing's gonna fall apart. Yeah. Because it's like day-to-day normal stuff for us, but for them, it's you know, overwhelming.
SPEAKER_02You know. Right. But I think if you do, like obviously, you know, you've been in the industry a long time. It's like if you do your job, people will come to you, and and the people that did struggle know that it worked out because they were with us versus with something else. So you're always gonna have the people like, I sold my house by myself in four days and it was perfect and everything went well. I don't know what you're talking about. You know, it's like, okay, well, you're a you're an exception to the rule versus the rule. Yeah.
SPEAKER_00I'm gonna skip over one of those. Here's one for you. The first offer you make should be the low, should be low to start the negotiation. Kind of like a that almost seems like in all types of buying and selling, like a theory.
SPEAKER_02What do you think in the real estate? I don't disagree with that necessarily. I don't think it there's a balance. Like it's knowing the market, not only the market, but knowing the neighborhood, knowing the home you're purchasing, knowing the price it's listed at to to say, you know, if a if a home is priced at$750,000, everything around it's been going for$800,000, you know, and they just you you can tell as the agent that they're just trying to offload this property and they're that's already priced$50K lower. I would argue that, you know, maybe it's not the best to go lower, you know, because it'll go quickly. So you can have to evaluate each one. I but I don't as a buyer's agent, I do say, let's try to get you a deal for sure. There's just times that you can't do it, like the the COVID market. You could I could not advise us a buyer to say, hey, go in low on this house that has 18 offers on it for$150,000 over asking. You just so you have to know the market. In this market, yeah, I would say go lower to start in a comfortable zone that you can kind of start negotiations.
SPEAKER_00Yeah. Yeah. Okay. I feel like it's it depends on your situation. Yeah. Like as the buyer, we always want to go in lower, but as the seller, you're like, why is everybody lowballing me? Yeah. So I think you've almost kind of got to just take advantage of, you know, like you said, the market and the opportunity. Yeah, what's there? Yeah. If not, then for sure. Know your window of opportunity. All right, here we go. We got two more. The home inspection will find every problem.
SPEAKER_02No, it's a myth. The home inspectors actually are more general than I ever thought, and I'm not knocking home inspectors at all because I respect them and what they do, but they do not check for a lot. And you can, you can't a general home inspection, I say. You can go packages that'll dive deep and into the home, but a general home inspection does very basic checks of safety issues and and and things like that, not uh not an in-depth. So don't blame the inspector down the road when you're like, Oh, I didn't I found out there was some leak, you know, in the plumbing inside the wall. They they have no way to dive into that. Like some some have these scanners and things to show any leaks and things like that. But generally speaking, those sort of in-depth issues that you'll find with a house. They check the interior, they check the attic, the crawl space for any mold, rodents, anything like that, but uh roof, general stuff. But they're not opening up walls and they're not cracking open walls to check those sort of things, or going into whether the electrical was wired properly, you know, those sort of things that just don't, you know, wouldn't come up that may come up down the road.
SPEAKER_00So Yeah. And I I've I remember my brother, he he bought his first house and it was one of those where inspection and everything looked great, and then they went to do some remodeling and kind of changing some stuff up, and they found a bunch of mold and like really slow water leaks going on, and like that's stuff that you just you're not gonna find that. You're not gonna be able to to to see that without just opening up the walls. And why would you do that if you don't have a reason to? So not to mention you don't own own the home yet. Yep. Okay, last one. Buying is always better than renting. I guess it's the same it's the flip.
Myth 5: Buy The Biggest You Can
SPEAKER_02We said cheaper. Yeah. Okay. So buyer's always better than renting. Buying is better than renting. I would say so. Like I would say, you know, I'm biased. Obviously, investing in homes to me is is a value add to your life and to your your wealth and and assets. So I think generally speaking, yes, buying is always better than renting. But there are people that have to rent. But I don't think like we've talked about earlier is is saying, oh, I just want to rent to be free and blah, blah, blah. And it's fine. If you're 20 in your 20s, fine. But if you're doing that for a long period of time into your 30s, 40s, you're gonna find out real fast that a lot of people have bought one or two homes and they've moved up and they've got they've got equity in homes, and you're sitting there being a cool, like, 40-year-old that rented a house forever, like and don't have any assets and don't have any don't have any wealth. And maybe you do in other areas, but I think in the housing industry, buying is almost always better than renting.
SPEAKER_00I agree. And I think that a lot of people want to buy, they want to buy that forever home, yeah, the first home, and not realizing that it is definitely a it's a building stepping process of you might it might take you two or three homes to get to that point. But if you're sitting there renting the whole time and you're just thinking you're gonna jump into this dream home out of nowhere, that's that's tough. And I also think, too, if you realistically ask anybody that you know, would you rather be renting or would you rather be a landlord? Would much rather be the landlord, but then that's gonna require, you know, buying and and turn that into a good rental and then buy your next place. And you know, it's it's not as crazy as what people think. And maybe that's just because I'm used to it and see it all the time. But it's it's not as is wild, and you know, I think there's just this assumption that it's you gotta have a crazy amount of money to do all this stuff, and there's no way I'd ever be in that financial position to to handle it.
SPEAKER_02And it's not as hard as it's no, it's not I think people think it's like this, you know, huge and it is a big purchase, not denied, but it's like it it also is not as hard as people make it out to be. Right. And in another example, I said, you know, if you're in your 20s and you want to rent and travel and whatever, that's fine. But my nephew's a great example of making smart decisions. He bought a fourplex at twenty-one. Like three people paying his mortgage while he lived in one of the units. Like so like that is a smart investment. Like, you know, just being smart and maybe, you know, obviously, is it ideal to live with in a in the same place as four other people? Not necessarily, but he's thinking like in a long term using his assets in the future to be able to continue to build and grow his wealth. And I just think that's a really smart decision. It is versus and it'll pay off versus renting. And I think in the again, in the short term, it sounds cool. Just pay. I pay this much in rent, I don't have to think about fixing anything, I don't have to do anything, I go do party and travel and whatever. It's like that's fine, telling you when you're older, like and you think back on that, it's not gonna not gonna be fun to think about when you're when your friends that were responsible, like my nephew, was like buying multiplexes, you know, in his 30s and 40s, and you're just trying to buy your first starter home, you know. So go man, I should have done this earlier. Should have done that earlier, because it's not that cool, like not that cool to just rent all the time and do nothing. But yes, I think that is I don't think that's a myth. I think we can generally say that's not a myth, right?
SPEAKER_01Yeah.
SPEAKER_02But unless you have Yeah.
SPEAKER_00And I've I've been in that I had to rent before I bought.
SPEAKER_02For sure, absolutely. But with a goal, but you had a goal in mind of ultimately home buying. Right. It's when you rent thinking I'm gonna rent until I'm 75 and you know. Right. But maybe you invest in Bitcoin or stocks and then yeah, you're like, hey, jokes on you, suckers.
SPEAKER_00Yeah. So like, yeah, I'll take the rental and then make my millions. Yeah. But then I'll probably buy it.
Myth 6: You Don’t Need An Agent
SPEAKER_02Yep. Um, well, okay, that was good. Those are some good myths and some good mythbusters. Yeah, I know. We could make a show out of it, but it wouldn't be as exciting as the real mythbusters.
SPEAKER_00No.
SPEAKER_02I mean, it might be guys actually do stuff to like bust myths or do some cool stuff too. Like nerds about myth busting and our nerd housing. I still love watching that show. It's good. But okay, man. Well, until next time, if you guys uh haven't already subscribe to our uh podcast on Spotify and Apple. And um yeah, until next time, we'll see you later. Excellent. Have a good one. Bye.
SPEAKER_00See ya.
