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Speaker 1: It's time for the b a q A the b aqa. Wait,

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Speaker 1: what was the bat manby? What's the b the b

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Speaker 1: a q?

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Speaker 2: So the b a q I'm frozen. I don't know.

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Speaker 2: Did we have a beat.

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Speaker 1: We did have a kind of vock cadence, like it's

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Speaker 1: time for them, it's time give me a bee. Anyway,

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Speaker 1: y'all know, it's talk with the BAQA. That's Brown Ambition,

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Speaker 1: Question and Answer episode. You guys have the questions and

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Speaker 1: we kind of have some answers, although legally we're not

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Speaker 1: responsible for anything that you decide to do because you're

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Speaker 1: grown and we dump some idea. Yes, we have some ideas.

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Speaker 1: That's what we have some ideas, and then you can decide,

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Speaker 1: as a grown adult with your own agency, what do

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Speaker 1: you want to do. Either way, that's a much longer

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Speaker 1: title than baqa, so we just stick with BAQA, all right.

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Speaker 1: So we've got two questions that are home related. So

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Speaker 1: this is from our homies. Mandy want to.

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Speaker 2: Start roll in with the homemides.

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Speaker 3: Yeah, I would love to start as professional homeowners ourselves.

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Speaker 3: We feel very specially equipped for this, and plus there's

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Speaker 3: a lot of talk out there about owning a home

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Speaker 3: in this.

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Speaker 2: Crazy, crazy market.

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Speaker 1: Okay.

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Speaker 3: First comes from listener who asks, Hello, my financial girlfriends.

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Speaker 3: I love the show. I'm looking to make some upgrades,

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Speaker 3: upgrades to our home, but the price tag for all

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Speaker 3: the changes I want to make keeps me from moving forward.

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Speaker 3: How did you guys go about making renovations to your home?

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Speaker 3: Did you set a budget? If so, how did you

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Speaker 3: determine the budget? I'm looking for any tips you can share.

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Speaker 1: Oh, hey girlfriend, Hey girl, Hey, Hi.

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Speaker 3: Well, you and I both had very different renaut situations,

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Speaker 3: So what was your approach so well?

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Speaker 1: With our kind of situation, we were doing a complete

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Speaker 1: gut I'm talking about like new electric plumbing, and so,

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Speaker 1: you know, we would look for a contractor to you know,

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Speaker 1: who was going to give us like basically a general bid.

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Speaker 1: But what I realized first, which was actually really helpful,

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Speaker 1: is I actually found a designer first, which actually helped

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Speaker 1: because the designer was able to help me really see

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Speaker 1: through some of the things I was not thinking about.

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Speaker 1: So we kind of created like this like wish list

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Speaker 1: of all the things I wanted in the house, and

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Speaker 1: so when we met with contractors, she was able to

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Speaker 1: be like, so I might be like new plumbing she said, yes,

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Speaker 1: but this bathroom has to be resized. So it was

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Speaker 1: like these there were things. So if I was going

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Speaker 1: to do like a huge, huge project, to me, it's

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Speaker 1: worth it to also get some like design consulting, you know,

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Speaker 1: on top of that. And so we had like a

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Speaker 1: general you know, not a general like we had the

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Speaker 1: contract to give us a very detail oriented how much

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Speaker 1: it was going to cost. So we bought the house

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Speaker 1: from one for one eighty and I believe the proposal

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Speaker 1: was for one eighty although we got proposals for like

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Speaker 1: sixty ninety thousand, We got proposals for two fifty. And

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Speaker 1: so I kind of went with someone in the middle

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Speaker 1: because like the high one seemed too high because it's

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Speaker 1: like based upon what we needed, and the low one

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Speaker 1: was clearly a lie because oftentimes folks will lowball you

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Speaker 1: just so they can rise the price leader they're just

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Speaker 1: trying to get you in the door. And so we

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Speaker 1: chose this guy justin and for the most part he

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Speaker 1: was cool. But also having the designer really helped because,

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Speaker 1: like I remember the first day, I don't know like

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Speaker 1: the size of a half bath when it's framed out,

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Speaker 1: meaning it's just the wood, it looks big. So she

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Speaker 1: went and was like, oh, heck no, And now she

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Speaker 1: pushed it down a few feet. I'm like, it's gonna

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Speaker 1: be two bicks. She says, no, Tiffany, you're not understanding

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Speaker 1: how many inches you know, the walls and the dry

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Speaker 1: wall everything are going to take up. And she was

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Speaker 1: right because now the half bath it's like just big enough,

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Speaker 1: and it had if it hadn't been smaller, it would

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Speaker 1: have been, honestly just like unusable.

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Speaker 3: And so that the little tiny one downstairs, yes, the

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Speaker 3: little powder room. Girl, when I tell you, if my

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Speaker 3: hips were an inch bigger, I would not have made

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Speaker 3: it out of that bathroom, okayould I had to come

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Speaker 3: with the butter, like I almost had to call for help.

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Speaker 2: I was like, yeah, and so.

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Speaker 1: He wanted he was gonna make it smaller. She was

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Speaker 1: like no, no, no, no, no. So yeah, so you like

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Speaker 1: these are things like so for us, we kind of

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Speaker 1: had I had it in my mind that one one eighty,

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Speaker 1: but then we had a thirty percent reserve, meaning that

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Speaker 1: we knew that something might come up, like there was

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Speaker 1: a sewage pipe that we didn't anticipate having a move.

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Speaker 1: That was ten thousand dollars. There were some other things that,

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Speaker 1: like you know, came up, and so I want to say,

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Speaker 1: all together, we probably spent two hundred thousand dollars renovating

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Speaker 1: the house. So for us, you know, we had saved

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Speaker 1: and and budgeted for a number of years before we

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Speaker 1: purchased the house and did the renovations. But if there

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Speaker 1: was something that we were going to do that was lighter, Honestly,

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Speaker 1: one of the things I learned from that renovation was

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Speaker 1: my realtor was I mean, my designer was also a realtor.

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Speaker 1: She was a my reltor, but she was also a realtor,

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Speaker 1: and so she would tell us certain areas of the house,

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Speaker 1: like this is where I should splurge, and this is

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Speaker 1: where a girl. It's not even that serious based upon

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Speaker 1: where I was going to get my money back for

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Speaker 1: resell value. So that's, honestly, if I was going to

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Speaker 1: do it differently. Now, let's just say I got another house.

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Speaker 1: It doesn't need a huge renovation, but I wanted to

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Speaker 1: make some changes. I would connect with a realtor to

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Speaker 1: kind of get a better understanding of where I was

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Speaker 1: going to get my return on investment from and to

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Speaker 1: understand how much money I should put into it. She

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Speaker 1: was really good. Her name is Rihanna, her business is

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Speaker 1: called Remain Home. Her husband is an engineer and a contractor,

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Speaker 1: and she's a designer. So they used to walk through

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Speaker 1: with us and say, Tiffany, it's worth it to get

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Speaker 1: the ACS, but it's honestly not worth it to put

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Speaker 1: Marvel in Supergirl's bathroom because that's what I wanted to do.

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Speaker 1: She's like, no, girl, she does not need more, you know.

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Speaker 1: And then he would sell like Jermaine, her husband would

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Speaker 1: be like, you know, this is where you're gonna You'll

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Speaker 1: get sixty cents on the dollar back from here, but

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Speaker 1: you'll probably get eighty cents on the dollar back from here.

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Speaker 1: So partnering with a designer, partnering with a realtor to

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Speaker 1: figure out where you're going to get the most bang

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Speaker 1: for your buck, it's probably my advice.

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Speaker 3: Yeah, that's great, And you did everything kind of all

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Speaker 3: at once, right seven months?

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Speaker 2: Seven months?

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Speaker 3: Yeah. So we did a big renovation when we got

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Speaker 3: our house and it was a I can't imagine what

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Speaker 3: was our house.

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Speaker 2: Before it was a two.

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Speaker 3: It was a three bedroom, two, one and a half bath,

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Speaker 3: and we turned it into a still a three bedroom,

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Speaker 3: but we added a master bath and a master closet

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Speaker 3: and all these big things, and flip the kitchen and

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Speaker 3: turn that into a put a laundry room in and

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Speaker 3: a powder room, et cetera, added in an extra bathroom.

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Speaker 3: It was a big deal at the time. It was

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Speaker 3: about We were quoted one hundred and ten thousand from

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Speaker 3: our contractor, and we were the same way to if

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Speaker 3: we had three different bids. My first thing is to

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Speaker 3: get three different bids for whatever work you're trying to

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Speaker 3: get done.

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Speaker 2: It's tedious, it's annoying, they'll flake on you, et cetera.

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Speaker 3: But it's really important to get that out of the

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Speaker 3: way so that you can tell if they're flaking, they're

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Speaker 3: probably gonna flake later, and then you can get a

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Speaker 3: good sense of the ranges. And we went with the

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Speaker 3: middle estimate from the guy who routinely showed up for

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Speaker 3: us one hundred and ten, and he broke that into

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Speaker 3: ten payments, so you paid. We were cutting like ten

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Speaker 3: eleven thousand dollars checks every time a phase was complete.

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Speaker 3: In our case, we had the cash on hand, but

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Speaker 3: by the end of the renovation we were down to

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Speaker 3: like the last amount of money that I felt comfortable

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Speaker 3: spending on the renovation, so we didn't do everything at

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Speaker 3: that one time cut too, So that was twenty eighteen

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Speaker 3: renovation done. Like early twenty nineteen, we just finally did

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Speaker 3: a big project that we've been wanting to do since

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Speaker 3: the beginning, but we wanted to wait until we had

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Speaker 3: more cash on hand. And that was our backyard, our deck.

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Speaker 3: I'm pointing to it like y'all can see.

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Speaker 2: But our deck in the backyard. For that, we did

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Speaker 2: set a budget.

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Speaker 3: I said I didn't want to go over fifteen thousand,

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Speaker 3: and that to me, based on my research, was a

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Speaker 3: reasonable amount of money. And a couple of my neighbors

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Speaker 3: had gotten decks done, and we went ahead and we

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Speaker 3: got quotes, and when I had that budget in mind,

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Speaker 3: also I also thought about the size of the deck

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Speaker 3: and the materials that went into the deck, because it

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Speaker 3: can get more expensive depending on do you want stone,

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Speaker 3: do you want real wood, do you want composite wood? Da, DA,

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Speaker 3: all these different options. So we settled on the budget.

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Speaker 3: And then it was like, even if you settle on

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Speaker 3: your budget and you'd get the plans approved, they start

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Speaker 3: the work, inevitably, they're going to come to you and say, ooh,

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Speaker 3: the color brown that you wanted for the deposit is

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Speaker 3: just it's delayed because of COVID. So how about these.

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Speaker 3: They're priced at thirty percent more than it, but you

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Speaker 3: know they're nice. They're available now. And I had to

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Speaker 3: stick to my budget and say, you know, we'll wait

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Speaker 3: a few more weeks. It'll be fine, you know, And

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Speaker 3: that was happening. But we really did manage to stay

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Speaker 3: on budget for that fifteen K. We chose to pay

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Speaker 3: for it in one lump sum because we had the

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Speaker 3: cash on hand. But another tool that I've used when

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Speaker 3: we did our HVAC for example, which was part of

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Speaker 3: our initial renovation, we replaced all of our steam radiators

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Speaker 3: with a central air conditioning unit and we also put

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Speaker 3: individual units on the.

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Speaker 2: Upstairs, et cetera.

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Speaker 3: And for that that was about thirty thousand dollars and

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Speaker 3: they offered zero percent financing for eighteen months, and so

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Speaker 3: we financed it that way. And I think that that

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Speaker 3: gave us one it's the power of having good credit

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Speaker 3: because you can qualify for those zero percent financing offers,

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Speaker 3: and it gave us additional cash flow because just so

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Speaker 3: I could sleep at night having those cash reserves, knowing

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Speaker 3: that I didn't have to part with thirty grand right

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Speaker 3: up front, and that worked out. But we had to

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Speaker 3: I think we yeah, we had. We ended up making

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Speaker 3: a pretty big final payment because even with eighteen months

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Speaker 3: at the term of the loan and at the monthly

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Speaker 3: payment that we were paying, we were not going to

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Speaker 3: fully pay out the loan in eighteen months the way

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Speaker 3: that it was written, and had we left even one

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Speaker 3: cent on that loan, there was a third interest clause. Yeah, yeah,

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Speaker 3: there was a well, there was a deferred interest clause,

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Speaker 3: which means they would have pretended as if we had

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Speaker 3: not been that they would have gone back to the

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Speaker 3: beginning of the thirty grand and applied interest to the loan,

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Speaker 3: which could have made it over forty grand. You know.

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Speaker 3: So I put my gall my calendar alert, and I

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Speaker 3: was like, you need to pay that off, you know,

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Speaker 3: seventeen months, not eighteen months. So that's that's definitely a

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Speaker 3: word of caution. But zero percent financing plans if you

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Speaker 3: got them, and they and a lot of established contractors

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Speaker 3: or businesses that do home remodeling, they will offer that,

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Speaker 3: so read the fine print if you have good credit.

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Speaker 3: I think that that's an option. Another option is a

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Speaker 3: home equity loan, so a lot of and this was

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Speaker 3: wildly popular in the pandemic. You saw a lot of

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Speaker 3: homeowners because home prices were just going up everywhere, right,

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Speaker 3: and suddenly you had a lot more equity in your

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Speaker 3: home that you could leverage. And just to kind of

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Speaker 3: back it up, when you have equity in your home,

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Speaker 3: it's it's how much your home is worth minus how

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Speaker 3: much loan you still owe on it. So if you

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Speaker 3: have a five hundred thousand dollars house, you only owe

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Speaker 3: one hundred grand on it, and it's worth today five

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Speaker 3: hundred thousand, then you have four hundred thousand dollars in equity.

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Speaker 3: And banks will often loan you money through a home

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Speaker 3: equity loan up to like eighty ninety percent of that equity.

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Speaker 3: So if you have four hundred thousand dollars of equity,

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Speaker 3: suddenly you've got if you want, four hundred thousand dollars

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Speaker 3: worth of you know, money that you could get out

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Speaker 3: in the loan and then use that loan to pay

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Speaker 3: for remodels or repairs or whatnot. That's an extreme example,

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Speaker 3: but home equity loans tend to be a more a

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Speaker 3: low rate option, a low rate alternative. When it comes

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Speaker 3: to taking on debt to pay for a home expense

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Speaker 3: or home remodel, then say a credit card or a

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Speaker 3: personal loan. But there's a key reason why they're cheaper

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Speaker 3: because they're like girls will take us house.

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Speaker 1: We will take us a house.

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Speaker 3: Yes, okay, so it's secured by your home, that is

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Speaker 3: the collateral. So keep that in mind. You have to,

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Speaker 3: you know, pay it back or you will be homeless

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Speaker 3: with a really nice bathroom that you can't use anymore.

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Speaker 1: Exactly. So all so, all in, I'll try your best

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Speaker 1: to create a list, you know, connect with the realtor

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Speaker 1: to see like where your money is going to be

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Speaker 1: best maximized, and budget for project by project until you

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Speaker 1: can get the things done that.

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Speaker 3: You want project by project.

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Speaker 2: Take your time.

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Speaker 3: Yes, there will always be more stuff to do.

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Speaker 2: It never ends, never.

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Speaker 1: Does, because you'll always want to renovate. I'm telling you,

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Speaker 1: all right, yeah, all right, our next question, I don't

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Speaker 1: think this person what they said. I see hashtag prideful plug,

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Speaker 1: so we'll just call you pride for blug. Okay. I

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Speaker 1: recently attended a first time home buyer seminar Good for you,

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Speaker 1: and the speaker spoke about and emphasized on FA ch loans.

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Speaker 1: I spoke to her one on one about my home

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Speaker 1: purchasing plan, and she mentioned using this type of loan

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Speaker 1: for an investment property, then purchasing the home of my dreams,

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Speaker 1: my personal home. Afterwards, she mentioned that purchasing my personal

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Speaker 1: home first then an investment property would be more difficult

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Speaker 1: and expensive. My plgunda Spanish for those of you who

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Speaker 1: don't speak it for both of you, is should I

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Speaker 1: purchase an investment property as my first home so I

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Speaker 1: can take advantage of the low down payment of an

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Speaker 1: fa ch loan. Here was my plan before attending the

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Speaker 1: seminar and my financial profile, single in my early thirties,

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Speaker 1: no kids, credit score is seven to twenty, salary one

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Speaker 1: hundred and forty K. Wants to purchase personal home in

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Speaker 1: two years in twenty twenty three or twenty four currently

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Speaker 1: saving for down payment for a conventional loan, purchase an

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Speaker 1: investment property two to three years after purchasing personal home,

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Speaker 1: paying down twenty K of debt which will be used,

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Speaker 1: which will be paid off by beginning of twenty twenty two.

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Speaker 1: All this is acuse she's a go purchase, get it

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Speaker 1: with money and Rea chapter four, So you can learn

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Speaker 1: more about y'all. More about this y'all powerful plug. Thank you,

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Speaker 1: thank you girl. So this is very interesting. So if

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Speaker 1: I'm going to recap it of the recap. So she's like,

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Speaker 1: I want to get two homes, one for investment, one

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Speaker 1: for like, you know, my dream home. Right now, she's single,

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Speaker 1: ready to mingle. She makes great money. Credit score is decent,

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Speaker 1: although I'll say, sis, wait until you get to a

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Speaker 1: seven fifty, just so we're clear, that's the beginning of

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Speaker 1: perfect credit. You will get the best interest rate of

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Speaker 1: that loan. Went to a home buyers course. They emphasize

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Speaker 1: that FAHA loans might be the way to go, especially

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Speaker 1: with your first home. And you're trying to figure out,

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Speaker 1: so do I do my ideal property like my personal

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Speaker 1: home first or do I do an investment property first?

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Speaker 1: So Mandred, can do you want to like explain to

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Speaker 1: the people, like what an FAHA loan is? And can

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Speaker 1: you even use an FHA loan for an investment property?

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Speaker 1: Cliff note, No, but can you share it?

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Speaker 2: Wait as you can?

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Speaker 3: Okay, in a way an fah loan, Yeah, yeah, and

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Speaker 3: fah loan is like the first time home buyer's loan

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Speaker 3: in America. If you're a first time home buyer, it

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Speaker 3: allows you to get a home for a low down payment.

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Speaker 3: I think it's three point five or five percent, depending

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Speaker 3: on credit score and things like that. So it is

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Speaker 3: a very it's it's definitely an option, especially for a

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Speaker 3: first time homeowners. Sometimes I wonder why we didn't just

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Speaker 3: do this, because you know, we we scraped our little

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Speaker 3: coins together to put down I think fifteen percent, just

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Speaker 3: because I had it in my mind that I.

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Speaker 2: Needed a big down payment. That's the right way to

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Speaker 2: do it.

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Speaker 3: But you know, that left us with less cash on

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Speaker 3: hand for the renovation. But kindsight twenty twenty. So that's

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Speaker 3: a huge benefit of the FAHA is that you do

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Speaker 3: not have to have such a large down payment, which

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Speaker 3: makes it more accessible for first time home buyers such

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Speaker 3: as yourself. Here in her question, she talks about wanting

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Speaker 3: a personal home first. She says she's currently saving for

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Speaker 3: a down payment, and she wants to buy that home

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Speaker 3: in the next two years and then an investment property

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Speaker 3: two to three years later, and she's wondering could she

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Speaker 3: use an FAHA loan. I suppose for both of these,

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Speaker 3: So you can definitely buy home your primary residence with

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Speaker 3: an FAHA loan. As far as investment properties go, it's

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Speaker 3: going to be a yes, but yes, but yes, but yes.

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Speaker 3: You can use an FHA loan to purchase an investment property,

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Speaker 3: but there are some quid pro quos. You need to

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Speaker 3: actually live in that home and call it your primary

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Speaker 3: residence for at least a year, and you have to

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Speaker 3: move into the home within sixty days after closing on

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Speaker 3: the mortgage. On Tiffany, when we were kind of reading

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Speaker 3: this before, you mentioned you could also maybe even and

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Speaker 3: use you know, and to kind of get at both

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Speaker 3: things at once. Get an investment property but also a

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Speaker 3: primary residence. Is purchasing a multi family home yep, with

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Speaker 3: an FAHA loan.

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Speaker 1: Yeah, Well, let's be I want to be really clear

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Speaker 1: on the language, because we might we're saying investment property

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Speaker 1: because we're talking about it as like almost like lightly

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Speaker 1: like if you go to FAHA and say I would

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Speaker 1: like a loan for this investment property, they're going to

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Speaker 1: say no because it has to be technically what they

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Speaker 1: consider your primary residence, which means that you're going to,

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Speaker 1: like Mada said, move in here after sixty days and

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Speaker 1: live here for a year. Now on internally, you could

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Speaker 1: say this is an investment you know, so meaning that

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Speaker 1: you might exactly meaning that you can say, you know what,

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Speaker 1: I'm going to get a multi family house, so of

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Speaker 1: course you can't live in every single one up to

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Speaker 1: four four family you can't live in four families, So

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Speaker 1: you can live in one and you can rent out

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Speaker 1: the other three. But they because you live there, they

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Speaker 1: won't technically consider it and an investment property. Like if

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Speaker 1: you live here, this is your primary residence, and as

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Speaker 1: long as you live there for a year, you can

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Speaker 1: keep the benefits of the fah loan and also just

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Speaker 1: keep that in mind. So your homever was not incorrect,

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Speaker 1: but you would just want to be mindful because fah

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Speaker 1: loans cannot be used to finance a second home, a

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Speaker 1: rental home, a vacation home, or the technical term for

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Speaker 1: an investment property, meaning you're not living here, You're just

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Speaker 1: you're using this property just for the sole purpose of

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Speaker 1: making money. So what I would do is and this

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Speaker 1: is what a lot of people you know will truly

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Speaker 1: suggest to you that if you are considering, you know,

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Speaker 1: getting investment property or you know, wanting to make money

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Speaker 1: off of a home. You know that you're going to

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Speaker 1: purchase that that first property should be your quote unquote

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Speaker 1: primary residence at least for a year faha, multi family

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Speaker 1: live there for a year. Then what you do? They

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Speaker 1: call it house hacking. And this is when when we

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Speaker 1: had who are those that amazing couple, Amon and Christina

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Speaker 1: are Rich Journey Yes, I know, I always love their name,

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Speaker 1: but they say them everything. So so they did house

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Speaker 1: hacking house. And there's also this woman named ken Jah

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Speaker 1: Barnes that I always partner with that she teaches people

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Speaker 1: how to house hack. So house hacking is just when

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Speaker 1: you live in a place, you let someone else pay

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Speaker 1: for that place and then you can move on to

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Speaker 1: another place as a result. And so then I would

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Speaker 1: you know, continue like after that year, you know, you

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Speaker 1: get to keep all the benefits for your fah loan

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Speaker 1: and then you get your primary residence a new primary residence.

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Speaker 1: And that's what I would do, honestly, I would. I

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Speaker 1: would do that, you know like it' and it's it

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Speaker 1: would be worth it to wait your thirty sis, you

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Speaker 1: are young, young and younger.

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Speaker 3: So yeah, I love I love a lady with a

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Speaker 3: five year plan though, shout out to you five year

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Speaker 3: plan in a seven hundred credit score.

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Speaker 1: Noki, Yes, but definitely wait till you get that seven fitty.

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Speaker 1: Here's why seven fifty is the beginning of perfect credit,

400
00:18:52,119 --> 00:18:54,560
Speaker 1: meaning they can't deny you the best interest rate that

401
00:18:54,560 --> 00:18:56,240
Speaker 1: they have to offer you. So it's worth it to

402
00:18:56,280 --> 00:18:58,400
Speaker 1: push yourself up those thirty points in the next year,

403
00:18:58,520 --> 00:19:01,119
Speaker 1: which you can pay for card in full every Month's

404
00:19:01,200 --> 00:19:02,960
Speaker 1: this get you one of the one of your cards

405
00:19:03,000 --> 00:19:05,119
Speaker 1: paid off and then put your Netflix on it and

406
00:19:05,119 --> 00:19:07,960
Speaker 1: then automatically pay that off every month. Uful you easily

407
00:19:08,040 --> 00:19:09,400
Speaker 1: jump up so well.

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Speaker 3: She does talk about that twenty k I'm thinking that

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Speaker 3: twenty k debt that she says she has to pay off,

410
00:19:14,520 --> 00:19:17,320
Speaker 3: that's probably what's holding her card her credit score back.

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Speaker 3: So once you get that debt paid down and plus

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Speaker 3: that will help you qualify for loans as well. Once

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Speaker 3: you get that debt paid off, girl, yeah, yeah, and

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Speaker 3: I And the last thing is yes, and just the

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Speaker 3: last thing on you know, purchasing a home for the

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Speaker 3: first time is stay.

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Speaker 2: Within your budget.

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Speaker 3: Yes, and stay within your budget. Home prices out there

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Speaker 3: are so insane, even if you do have a low

420
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Speaker 3: down payment loan. It can still be a lot of

421
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Speaker 3: money when you talk about the prices of homes that

422
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Speaker 3: are going up, And just make sure again, like you're

423
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Speaker 3: buying a home for the right reason, because even if

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Speaker 3: you think it's going to be a great investment, maybe

425
00:19:53,040 --> 00:19:54,159
Speaker 3: it will be, but you don't.

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Speaker 2: You only know what you know now, and nobody.

427
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Speaker 3: Knows for sure you know what the future may hold,

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Speaker 3: So just make sure you know doing it for the

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Speaker 3: right reasons.

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Speaker 1: Yes, stay well within your brother. Like if you were

431
00:20:03,680 --> 00:20:06,879
Speaker 1: to see where I live, like it's it's I mean,

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Speaker 1: it's a nice house, but could I afford a house

433
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Speaker 1: probably four times more expensive, Yes, but it would also

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Speaker 1: make me nervous, you know, like a lot would have

435
00:20:15,600 --> 00:20:18,960
Speaker 1: to shake for me to lose this home. And after

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Speaker 1: I've already lost the home, I said, we ain't never

437
00:20:20,920 --> 00:20:23,800
Speaker 1: going back. We ain't never going back, you know. So

438
00:20:23,840 --> 00:20:25,879
Speaker 1: as a result, I wanted to be able to have

439
00:20:25,920 --> 00:20:28,640
Speaker 1: a house I really enjoyed and loved with my family.

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00:20:28,760 --> 00:20:32,480
Speaker 1: But that you know, I can more than more than

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00:20:32,560 --> 00:20:35,080
Speaker 1: afford it. So if a lot of things fall, will

442
00:20:35,119 --> 00:20:36,600
Speaker 1: be good and I don't have to worry about where

443
00:20:36,600 --> 00:20:38,560
Speaker 1: are we going to sleep? So just keep that I mean,

444
00:20:38,560 --> 00:20:40,520
Speaker 1: don't be as fraid as I am. But just keep

445
00:20:40,520 --> 00:20:41,040
Speaker 1: that in mind.

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00:20:41,160 --> 00:20:44,960
Speaker 3: Yeah, hell yeah, when I left work, like nine to

447
00:20:45,040 --> 00:20:47,760
Speaker 3: five work, if this house was incredibly I wouldn't have

448
00:20:47,760 --> 00:20:49,879
Speaker 3: been able to you know, it would have been It

449
00:20:49,880 --> 00:20:50,240
Speaker 3: would have.

450
00:20:50,200 --> 00:20:51,600
Speaker 2: Been a very different story, bandy.

451
00:20:51,680 --> 00:20:55,000
Speaker 3: Money would not have been born had I not had

452
00:20:55,000 --> 00:20:56,959
Speaker 3: a home that was you know, a third of our

453
00:20:57,000 --> 00:20:59,800
Speaker 3: household income instead of in some places you're seeing people

454
00:20:59,800 --> 00:21:02,880
Speaker 3: spend two thirds of their household then come on on housing.

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00:21:03,000 --> 00:21:06,399
Speaker 3: So yes, absolutely, if that's one takeaway, that is the

456
00:21:06,560 --> 00:21:10,480
Speaker 3: takeaway homies. Yes, don't go don't be house don't be

457
00:21:10,560 --> 00:21:12,000
Speaker 3: house poor. It ain't a good look.

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00:21:12,200 --> 00:21:15,760
Speaker 1: This is for my homemass. That's what this episode is

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00:21:15,760 --> 00:21:20,840
Speaker 1: deprecated to. This is for my homies. See I get there.

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00:21:22,520 --> 00:21:24,359
Speaker 2: I can't want to jump in, but I have no idea.

461
00:21:24,480 --> 00:21:26,440
Speaker 1: Well, who's saying you know what I'm gonna doing? Real quick?

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00:21:26,440 --> 00:21:28,320
Speaker 1: Who's sang this is for my homies? Come on?

463
00:21:28,400 --> 00:21:30,560
Speaker 2: Now we just sing the clueless one. I like the

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00:21:30,560 --> 00:21:31,119
Speaker 2: clueless song?

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00:21:31,200 --> 00:21:31,840
Speaker 1: What that one?

466
00:21:32,200 --> 00:21:33,720
Speaker 2: Hoies? You know?

467
00:21:33,800 --> 00:21:37,080
Speaker 1: Clueless? Yeah?

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00:21:37,160 --> 00:21:39,160
Speaker 2: Yeah, that's rolling with my home.

469
00:21:39,240 --> 00:21:45,200
Speaker 1: Oh yeah, rolling with my homies, rolling with my Come on, Mandy,

470
00:21:45,240 --> 00:21:53,800
Speaker 1: I'm getting me yo, they're gonna be so sick of us.

471
00:21:55,160 --> 00:21:57,760
Speaker 1: That's why I love that everyone's like Mandy is hilarious

472
00:21:57,760 --> 00:21:58,880
Speaker 1: and Tiffy's laugh just.

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00:21:58,800 --> 00:22:02,960
Speaker 3: To your life has always been the best thing. When

474
00:22:02,960 --> 00:22:04,720
Speaker 3: I used to edit the show, I would just I

475
00:22:04,720 --> 00:22:06,320
Speaker 3: would end it on on your chuckle.

476
00:22:06,800 --> 00:22:08,760
Speaker 2: Whenever we would go out with Tiffany giggling, I'd be like,

477
00:22:08,800 --> 00:22:10,880
Speaker 2: there's the show. Forget what I said after that. That's

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00:22:10,920 --> 00:22:11,359
Speaker 2: the ending.

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00:22:12,520 --> 00:22:15,000
Speaker 1: Well, if you have any additional questions, please we love them.

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00:22:15,320 --> 00:22:16,320
Speaker 1: Continue to ask.

481
00:22:17,600 --> 00:22:18,520
Speaker 2: Yes, hit us up.

482
00:22:18,560 --> 00:22:21,520
Speaker 3: We are on IG at Brand Ambition Podcast. You can

483
00:22:21,520 --> 00:22:24,399
Speaker 3: also hit us up directly Brand Ambisson podcast at gmail

484
00:22:24,440 --> 00:22:25,160
Speaker 3: dot com.

485
00:22:25,200 --> 00:22:27,639
Speaker 1: H And, if you really thought this episode was really helpful,

486
00:22:27,680 --> 00:22:30,280
Speaker 1: you know a friend that's buying a house, a mom, dad, sister,

487
00:22:30,359 --> 00:22:34,240
Speaker 1: cousin and them, you know, take the link from this

488
00:22:34,400 --> 00:22:37,000
Speaker 1: show and share with them directly, share in your group chat,

489
00:22:37,040 --> 00:22:39,960
Speaker 1: you know the group chat want to chat? So yeah,

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00:22:40,000 --> 00:22:42,280
Speaker 1: we would love, love, love to connect with more people,

491
00:22:42,440 --> 00:22:45,000
Speaker 1: your people, because if you like us, that means we

492
00:22:45,040 --> 00:22:45,720
Speaker 1: would like them.

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00:22:45,880 --> 00:22:51,040
Speaker 3: Okay, hopefully, yes, it'll be awkward, all right until next

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Speaker 3: week