Speaker 1: It's time for the b a q A the b aqa. Wait,
Speaker 1: what was the bat manby? What's the b the b
Speaker 1: a q?
Speaker 2: So the b a q I'm frozen. I don't know.
Speaker 2: Did we have a beat.
Speaker 1: We did have a kind of vock cadence, like it's
Speaker 1: time for them, it's time give me a bee. Anyway,
Speaker 1: y'all know, it's talk with the BAQA. That's Brown Ambition,
Speaker 1: Question and Answer episode. You guys have the questions and
Speaker 1: we kind of have some answers, although legally we're not
Speaker 1: responsible for anything that you decide to do because you're
Speaker 1: grown and we dump some idea. Yes, we have some ideas.
Speaker 1: That's what we have some ideas, and then you can decide,
Speaker 1: as a grown adult with your own agency, what do
Speaker 1: you want to do. Either way, that's a much longer
Speaker 1: title than baqa, so we just stick with BAQA, all right.
Speaker 1: So we've got two questions that are home related. So
Speaker 1: this is from our homies. Mandy want to.
Speaker 2: Start roll in with the homemides.
Speaker 3: Yeah, I would love to start as professional homeowners ourselves.
Speaker 3: We feel very specially equipped for this, and plus there's
Speaker 3: a lot of talk out there about owning a home
Speaker 3: in this.
Speaker 2: Crazy, crazy market.
Speaker 1: Okay.
Speaker 3: First comes from listener who asks, Hello, my financial girlfriends.
Speaker 3: I love the show. I'm looking to make some upgrades,
Speaker 3: upgrades to our home, but the price tag for all
Speaker 3: the changes I want to make keeps me from moving forward.
Speaker 3: How did you guys go about making renovations to your home?
Speaker 3: Did you set a budget? If so, how did you
Speaker 3: determine the budget? I'm looking for any tips you can share.
Speaker 1: Oh, hey girlfriend, Hey girl, Hey, Hi.
Speaker 3: Well, you and I both had very different renaut situations,
Speaker 3: So what was your approach so well?
Speaker 1: With our kind of situation, we were doing a complete
Speaker 1: gut I'm talking about like new electric plumbing, and so,
Speaker 1: you know, we would look for a contractor to you know,
Speaker 1: who was going to give us like basically a general bid.
Speaker 1: But what I realized first, which was actually really helpful,
Speaker 1: is I actually found a designer first, which actually helped
Speaker 1: because the designer was able to help me really see
Speaker 1: through some of the things I was not thinking about.
Speaker 1: So we kind of created like this like wish list
Speaker 1: of all the things I wanted in the house, and
Speaker 1: so when we met with contractors, she was able to
Speaker 1: be like, so I might be like new plumbing she said, yes,
Speaker 1: but this bathroom has to be resized. So it was
Speaker 1: like these there were things. So if I was going
Speaker 1: to do like a huge, huge project, to me, it's
Speaker 1: worth it to also get some like design consulting, you know,
Speaker 1: on top of that. And so we had like a
Speaker 1: general you know, not a general like we had the
Speaker 1: contract to give us a very detail oriented how much
Speaker 1: it was going to cost. So we bought the house
Speaker 1: from one for one eighty and I believe the proposal
Speaker 1: was for one eighty although we got proposals for like
Speaker 1: sixty ninety thousand, We got proposals for two fifty. And
Speaker 1: so I kind of went with someone in the middle
Speaker 1: because like the high one seemed too high because it's
Speaker 1: like based upon what we needed, and the low one
Speaker 1: was clearly a lie because oftentimes folks will lowball you
Speaker 1: just so they can rise the price leader they're just
Speaker 1: trying to get you in the door. And so we
Speaker 1: chose this guy justin and for the most part he
Speaker 1: was cool. But also having the designer really helped because,
Speaker 1: like I remember the first day, I don't know like
Speaker 1: the size of a half bath when it's framed out,
Speaker 1: meaning it's just the wood, it looks big. So she
Speaker 1: went and was like, oh, heck no, And now she
Speaker 1: pushed it down a few feet. I'm like, it's gonna
Speaker 1: be two bicks. She says, no, Tiffany, you're not understanding
Speaker 1: how many inches you know, the walls and the dry
Speaker 1: wall everything are going to take up. And she was
Speaker 1: right because now the half bath it's like just big enough,
Speaker 1: and it had if it hadn't been smaller, it would
Speaker 1: have been, honestly just like unusable.
Speaker 3: And so that the little tiny one downstairs, yes, the
Speaker 3: little powder room. Girl, when I tell you, if my
Speaker 3: hips were an inch bigger, I would not have made
Speaker 3: it out of that bathroom, okayould I had to come
Speaker 3: with the butter, like I almost had to call for help.
Speaker 2: I was like, yeah, and so.
Speaker 1: He wanted he was gonna make it smaller. She was
Speaker 1: like no, no, no, no, no. So yeah, so you like
Speaker 1: these are things like so for us, we kind of
Speaker 1: had I had it in my mind that one one eighty,
Speaker 1: but then we had a thirty percent reserve, meaning that
Speaker 1: we knew that something might come up, like there was
Speaker 1: a sewage pipe that we didn't anticipate having a move.
Speaker 1: That was ten thousand dollars. There were some other things that,
Speaker 1: like you know, came up, and so I want to say,
Speaker 1: all together, we probably spent two hundred thousand dollars renovating
Speaker 1: the house. So for us, you know, we had saved
Speaker 1: and and budgeted for a number of years before we
Speaker 1: purchased the house and did the renovations. But if there
Speaker 1: was something that we were going to do that was lighter, Honestly,
Speaker 1: one of the things I learned from that renovation was
Speaker 1: my realtor was I mean, my designer was also a realtor.
Speaker 1: She was a my reltor, but she was also a realtor,
Speaker 1: and so she would tell us certain areas of the house,
Speaker 1: like this is where I should splurge, and this is
Speaker 1: where a girl. It's not even that serious based upon
Speaker 1: where I was going to get my money back for
Speaker 1: resell value. So that's, honestly, if I was going to
Speaker 1: do it differently. Now, let's just say I got another house.
Speaker 1: It doesn't need a huge renovation, but I wanted to
Speaker 1: make some changes. I would connect with a realtor to
Speaker 1: kind of get a better understanding of where I was
Speaker 1: going to get my return on investment from and to
Speaker 1: understand how much money I should put into it. She
Speaker 1: was really good. Her name is Rihanna, her business is
Speaker 1: called Remain Home. Her husband is an engineer and a contractor,
Speaker 1: and she's a designer. So they used to walk through
Speaker 1: with us and say, Tiffany, it's worth it to get
Speaker 1: the ACS, but it's honestly not worth it to put
Speaker 1: Marvel in Supergirl's bathroom because that's what I wanted to do.
Speaker 1: She's like, no, girl, she does not need more, you know.
Speaker 1: And then he would sell like Jermaine, her husband would
Speaker 1: be like, you know, this is where you're gonna You'll
Speaker 1: get sixty cents on the dollar back from here, but
Speaker 1: you'll probably get eighty cents on the dollar back from here.
Speaker 1: So partnering with a designer, partnering with a realtor to
Speaker 1: figure out where you're going to get the most bang
Speaker 1: for your buck, it's probably my advice.
Speaker 3: Yeah, that's great, And you did everything kind of all
Speaker 3: at once, right seven months?
Speaker 2: Seven months?
Speaker 3: Yeah. So we did a big renovation when we got
Speaker 3: our house and it was a I can't imagine what
Speaker 3: was our house.
Speaker 2: Before it was a two.
Speaker 3: It was a three bedroom, two, one and a half bath,
Speaker 3: and we turned it into a still a three bedroom,
Speaker 3: but we added a master bath and a master closet
Speaker 3: and all these big things, and flip the kitchen and
Speaker 3: turn that into a put a laundry room in and
Speaker 3: a powder room, et cetera, added in an extra bathroom.
Speaker 3: It was a big deal at the time. It was
Speaker 3: about We were quoted one hundred and ten thousand from
Speaker 3: our contractor, and we were the same way to if
Speaker 3: we had three different bids. My first thing is to
Speaker 3: get three different bids for whatever work you're trying to
Speaker 3: get done.
Speaker 2: It's tedious, it's annoying, they'll flake on you, et cetera.
Speaker 3: But it's really important to get that out of the
Speaker 3: way so that you can tell if they're flaking, they're
Speaker 3: probably gonna flake later, and then you can get a
Speaker 3: good sense of the ranges. And we went with the
Speaker 3: middle estimate from the guy who routinely showed up for
Speaker 3: us one hundred and ten, and he broke that into
Speaker 3: ten payments, so you paid. We were cutting like ten
Speaker 3: eleven thousand dollars checks every time a phase was complete.
Speaker 3: In our case, we had the cash on hand, but
Speaker 3: by the end of the renovation we were down to
Speaker 3: like the last amount of money that I felt comfortable
Speaker 3: spending on the renovation, so we didn't do everything at
Speaker 3: that one time cut too, So that was twenty eighteen
Speaker 3: renovation done. Like early twenty nineteen, we just finally did
Speaker 3: a big project that we've been wanting to do since
Speaker 3: the beginning, but we wanted to wait until we had
Speaker 3: more cash on hand. And that was our backyard, our deck.
Speaker 3: I'm pointing to it like y'all can see.
Speaker 2: But our deck in the backyard. For that, we did
Speaker 2: set a budget.
Speaker 3: I said I didn't want to go over fifteen thousand,
Speaker 3: and that to me, based on my research, was a
Speaker 3: reasonable amount of money. And a couple of my neighbors
Speaker 3: had gotten decks done, and we went ahead and we
Speaker 3: got quotes, and when I had that budget in mind,
Speaker 3: also I also thought about the size of the deck
Speaker 3: and the materials that went into the deck, because it
Speaker 3: can get more expensive depending on do you want stone,
Speaker 3: do you want real wood, do you want composite wood? Da, DA,
Speaker 3: all these different options. So we settled on the budget.
Speaker 3: And then it was like, even if you settle on
Speaker 3: your budget and you'd get the plans approved, they start
Speaker 3: the work, inevitably, they're going to come to you and say, ooh,
Speaker 3: the color brown that you wanted for the deposit is
Speaker 3: just it's delayed because of COVID. So how about these.
Speaker 3: They're priced at thirty percent more than it, but you
Speaker 3: know they're nice. They're available now. And I had to
Speaker 3: stick to my budget and say, you know, we'll wait
Speaker 3: a few more weeks. It'll be fine, you know, And
Speaker 3: that was happening. But we really did manage to stay
Speaker 3: on budget for that fifteen K. We chose to pay
Speaker 3: for it in one lump sum because we had the
Speaker 3: cash on hand. But another tool that I've used when
Speaker 3: we did our HVAC for example, which was part of
Speaker 3: our initial renovation, we replaced all of our steam radiators
Speaker 3: with a central air conditioning unit and we also put
Speaker 3: individual units on the.
Speaker 2: Upstairs, et cetera.
Speaker 3: And for that that was about thirty thousand dollars and
Speaker 3: they offered zero percent financing for eighteen months, and so
Speaker 3: we financed it that way. And I think that that
Speaker 3: gave us one it's the power of having good credit
Speaker 3: because you can qualify for those zero percent financing offers,
Speaker 3: and it gave us additional cash flow because just so
Speaker 3: I could sleep at night having those cash reserves, knowing
Speaker 3: that I didn't have to part with thirty grand right
Speaker 3: up front, and that worked out. But we had to
Speaker 3: I think we yeah, we had. We ended up making
Speaker 3: a pretty big final payment because even with eighteen months
Speaker 3: at the term of the loan and at the monthly
Speaker 3: payment that we were paying, we were not going to
Speaker 3: fully pay out the loan in eighteen months the way
Speaker 3: that it was written, and had we left even one
Speaker 3: cent on that loan, there was a third interest clause. Yeah, yeah,
Speaker 3: there was a well, there was a deferred interest clause,
Speaker 3: which means they would have pretended as if we had
Speaker 3: not been that they would have gone back to the
Speaker 3: beginning of the thirty grand and applied interest to the loan,
Speaker 3: which could have made it over forty grand. You know.
Speaker 3: So I put my gall my calendar alert, and I
Speaker 3: was like, you need to pay that off, you know,
Speaker 3: seventeen months, not eighteen months. So that's that's definitely a
Speaker 3: word of caution. But zero percent financing plans if you
Speaker 3: got them, and they and a lot of established contractors
Speaker 3: or businesses that do home remodeling, they will offer that,
Speaker 3: so read the fine print if you have good credit.
Speaker 3: I think that that's an option. Another option is a
Speaker 3: home equity loan, so a lot of and this was
Speaker 3: wildly popular in the pandemic. You saw a lot of
Speaker 3: homeowners because home prices were just going up everywhere, right,
Speaker 3: and suddenly you had a lot more equity in your
Speaker 3: home that you could leverage. And just to kind of
Speaker 3: back it up, when you have equity in your home,
Speaker 3: it's it's how much your home is worth minus how
Speaker 3: much loan you still owe on it. So if you
Speaker 3: have a five hundred thousand dollars house, you only owe
Speaker 3: one hundred grand on it, and it's worth today five
Speaker 3: hundred thousand, then you have four hundred thousand dollars in equity.
Speaker 3: And banks will often loan you money through a home
Speaker 3: equity loan up to like eighty ninety percent of that equity.
Speaker 3: So if you have four hundred thousand dollars of equity,
Speaker 3: suddenly you've got if you want, four hundred thousand dollars
Speaker 3: worth of you know, money that you could get out
Speaker 3: in the loan and then use that loan to pay
Speaker 3: for remodels or repairs or whatnot. That's an extreme example,
Speaker 3: but home equity loans tend to be a more a
Speaker 3: low rate option, a low rate alternative. When it comes
Speaker 3: to taking on debt to pay for a home expense
Speaker 3: or home remodel, then say a credit card or a
Speaker 3: personal loan. But there's a key reason why they're cheaper
Speaker 3: because they're like girls will take us house.
Speaker 1: We will take us a house.
Speaker 3: Yes, okay, so it's secured by your home, that is
Speaker 3: the collateral. So keep that in mind. You have to,
Speaker 3: you know, pay it back or you will be homeless
Speaker 3: with a really nice bathroom that you can't use anymore.
Speaker 1: Exactly. So all so, all in, I'll try your best
Speaker 1: to create a list, you know, connect with the realtor
Speaker 1: to see like where your money is going to be
Speaker 1: best maximized, and budget for project by project until you
Speaker 1: can get the things done that.
Speaker 3: You want project by project.
Speaker 2: Take your time.
Speaker 3: Yes, there will always be more stuff to do.
Speaker 2: It never ends, never.
Speaker 1: Does, because you'll always want to renovate. I'm telling you,
Speaker 1: all right, yeah, all right, our next question, I don't
Speaker 1: think this person what they said. I see hashtag prideful plug,
Speaker 1: so we'll just call you pride for blug. Okay. I
Speaker 1: recently attended a first time home buyer seminar Good for you,
Speaker 1: and the speaker spoke about and emphasized on FA ch loans.
Speaker 1: I spoke to her one on one about my home
Speaker 1: purchasing plan, and she mentioned using this type of loan
Speaker 1: for an investment property, then purchasing the home of my dreams,
Speaker 1: my personal home. Afterwards, she mentioned that purchasing my personal
Speaker 1: home first then an investment property would be more difficult
Speaker 1: and expensive. My plgunda Spanish for those of you who
Speaker 1: don't speak it for both of you, is should I
Speaker 1: purchase an investment property as my first home so I
Speaker 1: can take advantage of the low down payment of an
Speaker 1: fa ch loan. Here was my plan before attending the
Speaker 1: seminar and my financial profile, single in my early thirties,
Speaker 1: no kids, credit score is seven to twenty, salary one
Speaker 1: hundred and forty K. Wants to purchase personal home in
Speaker 1: two years in twenty twenty three or twenty four currently
Speaker 1: saving for down payment for a conventional loan, purchase an
Speaker 1: investment property two to three years after purchasing personal home,
Speaker 1: paying down twenty K of debt which will be used,
Speaker 1: which will be paid off by beginning of twenty twenty two.
Speaker 1: All this is acuse she's a go purchase, get it
Speaker 1: with money and Rea chapter four, So you can learn
Speaker 1: more about y'all. More about this y'all powerful plug. Thank you,
Speaker 1: thank you girl. So this is very interesting. So if
Speaker 1: I'm going to recap it of the recap. So she's like,
Speaker 1: I want to get two homes, one for investment, one
Speaker 1: for like, you know, my dream home. Right now, she's single,
Speaker 1: ready to mingle. She makes great money. Credit score is decent,
Speaker 1: although I'll say, sis, wait until you get to a
Speaker 1: seven fifty, just so we're clear, that's the beginning of
Speaker 1: perfect credit. You will get the best interest rate of
Speaker 1: that loan. Went to a home buyers course. They emphasize
Speaker 1: that FAHA loans might be the way to go, especially
Speaker 1: with your first home. And you're trying to figure out,
Speaker 1: so do I do my ideal property like my personal
Speaker 1: home first or do I do an investment property first?
Speaker 1: So Mandred, can do you want to like explain to
Speaker 1: the people, like what an FAHA loan is? And can
Speaker 1: you even use an FHA loan for an investment property?
Speaker 1: Cliff note, No, but can you share it?
Speaker 2: Wait as you can?
Speaker 3: Okay, in a way an fah loan, Yeah, yeah, and
Speaker 3: fah loan is like the first time home buyer's loan
Speaker 3: in America. If you're a first time home buyer, it
Speaker 3: allows you to get a home for a low down payment.
Speaker 3: I think it's three point five or five percent, depending
Speaker 3: on credit score and things like that. So it is
Speaker 3: a very it's it's definitely an option, especially for a
Speaker 3: first time homeowners. Sometimes I wonder why we didn't just
Speaker 3: do this, because you know, we we scraped our little
Speaker 3: coins together to put down I think fifteen percent, just
Speaker 3: because I had it in my mind that I.
Speaker 2: Needed a big down payment. That's the right way to
Speaker 2: do it.
Speaker 3: But you know, that left us with less cash on
Speaker 3: hand for the renovation. But kindsight twenty twenty. So that's
Speaker 3: a huge benefit of the FAHA is that you do
Speaker 3: not have to have such a large down payment, which
Speaker 3: makes it more accessible for first time home buyers such
Speaker 3: as yourself. Here in her question, she talks about wanting
Speaker 3: a personal home first. She says she's currently saving for
Speaker 3: a down payment, and she wants to buy that home
Speaker 3: in the next two years and then an investment property
Speaker 3: two to three years later, and she's wondering could she
Speaker 3: use an FAHA loan. I suppose for both of these,
Speaker 3: So you can definitely buy home your primary residence with
Speaker 3: an FAHA loan. As far as investment properties go, it's
Speaker 3: going to be a yes, but yes, but yes, but yes.
Speaker 3: You can use an FHA loan to purchase an investment property,
Speaker 3: but there are some quid pro quos. You need to
Speaker 3: actually live in that home and call it your primary
Speaker 3: residence for at least a year, and you have to
Speaker 3: move into the home within sixty days after closing on
Speaker 3: the mortgage. On Tiffany, when we were kind of reading
Speaker 3: this before, you mentioned you could also maybe even and
Speaker 3: use you know, and to kind of get at both
Speaker 3: things at once. Get an investment property but also a
Speaker 3: primary residence. Is purchasing a multi family home yep, with
Speaker 3: an FAHA loan.
Speaker 1: Yeah, Well, let's be I want to be really clear
Speaker 1: on the language, because we might we're saying investment property
Speaker 1: because we're talking about it as like almost like lightly
Speaker 1: like if you go to FAHA and say I would
Speaker 1: like a loan for this investment property, they're going to
Speaker 1: say no because it has to be technically what they
Speaker 1: consider your primary residence, which means that you're going to,
Speaker 1: like Mada said, move in here after sixty days and
Speaker 1: live here for a year. Now on internally, you could
Speaker 1: say this is an investment you know, so meaning that
Speaker 1: you might exactly meaning that you can say, you know what,
Speaker 1: I'm going to get a multi family house, so of
Speaker 1: course you can't live in every single one up to
Speaker 1: four four family you can't live in four families, So
Speaker 1: you can live in one and you can rent out
Speaker 1: the other three. But they because you live there, they
Speaker 1: won't technically consider it and an investment property. Like if
Speaker 1: you live here, this is your primary residence, and as
Speaker 1: long as you live there for a year, you can
Speaker 1: keep the benefits of the fah loan and also just
Speaker 1: keep that in mind. So your homever was not incorrect,
Speaker 1: but you would just want to be mindful because fah
Speaker 1: loans cannot be used to finance a second home, a
Speaker 1: rental home, a vacation home, or the technical term for
Speaker 1: an investment property, meaning you're not living here, You're just
Speaker 1: you're using this property just for the sole purpose of
Speaker 1: making money. So what I would do is and this
Speaker 1: is what a lot of people you know will truly
Speaker 1: suggest to you that if you are considering, you know,
Speaker 1: getting investment property or you know, wanting to make money
Speaker 1: off of a home. You know that you're going to
Speaker 1: purchase that that first property should be your quote unquote
Speaker 1: primary residence at least for a year faha, multi family
Speaker 1: live there for a year. Then what you do? They
Speaker 1: call it house hacking. And this is when when we
Speaker 1: had who are those that amazing couple, Amon and Christina
Speaker 1: are Rich Journey Yes, I know, I always love their name,
Speaker 1: but they say them everything. So so they did house
Speaker 1: hacking house. And there's also this woman named ken Jah
Speaker 1: Barnes that I always partner with that she teaches people
Speaker 1: how to house hack. So house hacking is just when
Speaker 1: you live in a place, you let someone else pay
Speaker 1: for that place and then you can move on to
Speaker 1: another place as a result. And so then I would
Speaker 1: you know, continue like after that year, you know, you
Speaker 1: get to keep all the benefits for your fah loan
Speaker 1: and then you get your primary residence a new primary residence.
Speaker 1: And that's what I would do, honestly, I would. I
Speaker 1: would do that, you know like it' and it's it
Speaker 1: would be worth it to wait your thirty sis, you
Speaker 1: are young, young and younger.
Speaker 3: So yeah, I love I love a lady with a
Speaker 3: five year plan though, shout out to you five year
Speaker 3: plan in a seven hundred credit score.
Speaker 1: Noki, Yes, but definitely wait till you get that seven fitty.
Speaker 1: Here's why seven fifty is the beginning of perfect credit,
Speaker 1: meaning they can't deny you the best interest rate that
Speaker 1: they have to offer you. So it's worth it to
Speaker 1: push yourself up those thirty points in the next year,
Speaker 1: which you can pay for card in full every Month's
Speaker 1: this get you one of the one of your cards
Speaker 1: paid off and then put your Netflix on it and
Speaker 1: then automatically pay that off every month. Uful you easily
Speaker 1: jump up so well.
Speaker 3: She does talk about that twenty k I'm thinking that
Speaker 3: twenty k debt that she says she has to pay off,
Speaker 3: that's probably what's holding her card her credit score back.
Speaker 3: So once you get that debt paid down and plus
Speaker 3: that will help you qualify for loans as well. Once
Speaker 3: you get that debt paid off, girl, yeah, yeah, and
Speaker 3: I And the last thing is yes, and just the
Speaker 3: last thing on you know, purchasing a home for the
Speaker 3: first time is stay.
Speaker 2: Within your budget.
Speaker 3: Yes, and stay within your budget. Home prices out there
Speaker 3: are so insane, even if you do have a low
Speaker 3: down payment loan. It can still be a lot of
Speaker 3: money when you talk about the prices of homes that
Speaker 3: are going up, And just make sure again, like you're
Speaker 3: buying a home for the right reason, because even if
Speaker 3: you think it's going to be a great investment, maybe
Speaker 3: it will be, but you don't.
Speaker 2: You only know what you know now, and nobody.
Speaker 3: Knows for sure you know what the future may hold,
Speaker 3: So just make sure you know doing it for the
Speaker 3: right reasons.
Speaker 1: Yes, stay well within your brother. Like if you were
Speaker 1: to see where I live, like it's it's I mean,
Speaker 1: it's a nice house, but could I afford a house
Speaker 1: probably four times more expensive, Yes, but it would also
Speaker 1: make me nervous, you know, like a lot would have
Speaker 1: to shake for me to lose this home. And after
Speaker 1: I've already lost the home, I said, we ain't never
Speaker 1: going back. We ain't never going back, you know. So
Speaker 1: as a result, I wanted to be able to have
Speaker 1: a house I really enjoyed and loved with my family.
Speaker 1: But that you know, I can more than more than
Speaker 1: afford it. So if a lot of things fall, will
Speaker 1: be good and I don't have to worry about where
Speaker 1: are we going to sleep? So just keep that I mean,
Speaker 1: don't be as fraid as I am. But just keep
Speaker 1: that in mind.
Speaker 3: Yeah, hell yeah, when I left work, like nine to
Speaker 3: five work, if this house was incredibly I wouldn't have
Speaker 3: been able to you know, it would have been It
Speaker 3: would have.
Speaker 2: Been a very different story, bandy.
Speaker 3: Money would not have been born had I not had
Speaker 3: a home that was you know, a third of our
Speaker 3: household income instead of in some places you're seeing people
Speaker 3: spend two thirds of their household then come on on housing.
Speaker 3: So yes, absolutely, if that's one takeaway, that is the
Speaker 3: takeaway homies. Yes, don't go don't be house don't be
Speaker 3: house poor. It ain't a good look.
Speaker 1: This is for my homemass. That's what this episode is
Speaker 1: deprecated to. This is for my homies. See I get there.
Speaker 2: I can't want to jump in, but I have no idea.
Speaker 1: Well, who's saying you know what I'm gonna doing? Real quick?
Speaker 1: Who's sang this is for my homies? Come on?
Speaker 2: Now we just sing the clueless one. I like the
Speaker 2: clueless song?
Speaker 1: What that one?
Speaker 2: Hoies? You know?
Speaker 1: Clueless? Yeah?
Speaker 2: Yeah, that's rolling with my home.
Speaker 1: Oh yeah, rolling with my homies, rolling with my Come on, Mandy,
Speaker 1: I'm getting me yo, they're gonna be so sick of us.
Speaker 1: That's why I love that everyone's like Mandy is hilarious
Speaker 1: and Tiffy's laugh just.
Speaker 3: To your life has always been the best thing. When
Speaker 3: I used to edit the show, I would just I
Speaker 3: would end it on on your chuckle.
Speaker 2: Whenever we would go out with Tiffany giggling, I'd be like,
Speaker 2: there's the show. Forget what I said after that. That's
Speaker 2: the ending.
Speaker 1: Well, if you have any additional questions, please we love them.
Speaker 1: Continue to ask.
Speaker 2: Yes, hit us up.
Speaker 3: We are on IG at Brand Ambition Podcast. You can
Speaker 3: also hit us up directly Brand Ambisson podcast at gmail
Speaker 3: dot com.
Speaker 1: H And, if you really thought this episode was really helpful,
Speaker 1: you know a friend that's buying a house, a mom, dad, sister,
Speaker 1: cousin and them, you know, take the link from this
Speaker 1: show and share with them directly, share in your group chat,
Speaker 1: you know the group chat want to chat? So yeah,
Speaker 1: we would love, love, love to connect with more people,
Speaker 1: your people, because if you like us, that means we
Speaker 1: would like them.
Speaker 3: Okay, hopefully, yes, it'll be awkward, all right until next
Speaker 3: week