October 26, 2025 • 22 mins
Ready to stop guessing your way into homeownership and start using a proven playbook? We walk through seven practical steps that take you from motive to mortgage, so you know exactly what to do, when to do it, and why it matters for your long-term wealth.
We start with purpose, because a clear why shapes every decision after that—budget, neighborhood, loan type, and even how much renovation risk you should take. Then we separate good debt from bad debt and show how small changes to your debt-to-income ratio and credit score can swing your buying power. You’ll learn why lenders care about seasoned funds, how to plan for closing costs and inspections, and the documents you need to make underwriting smooth, including W-2s, tax returns, or clean self-employed financials.
From there, we map the lender conversation: preapproval that actually means something, choosing between conventional, FHA, VA, or portfolio products, and deciding when to lock a rate. We also dig into the value of the right realtor—how sharp pricing, clear contingencies, and tight timelines make your offer stand out without overpaying. Finally, we demystify escrow and closing, from ordering inspections to handling appraisal surprises and protecting your financing until the wire clears. Along the way, we talk market opportunities, mindset, and how to position yourself for the next move, whether that’s a first home, a multifamily, or a luxury listing.
If this guide helps, follow the show, share it with a friend who’s house hunting, and leave a quick review telling us which step you’re tackling next. Your feedback helps more buyers find a clear path to the front door.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:00):
Today, ladies and gentlemen, we're gonna talk
(00:01):
about buying your first home,why that's important, how to do
it, and the first steps thatyou're gonna need to take, how
to execute upon it, and what todo in order to achieve your
American dream.
Let's get started.
So, just a quick littleintroduction about myself.
My name is Brendan Scott Ecker.
I grew up in Elmont, Michigan,but I have always been an
entrepreneur my entire life.
But actually, I started off insports.
(00:24):
I started off playing prettymuch anything there was, but I
was always in baseball,football, and I loved
powerlifting.
I later ended up playingfootball and baseball at the
University of Olivet, where Imajored in criminology and
criminal justice, and also lawenforcement administration.
These things were a part of mymajor because I wanted to help
people.
I wanted to serve my country.
(00:45):
I wanted to do something thatwas noteworthy and worthwhile.
And so I succeeded in thesethings, and then I eventually
went on to the police academy,and eventually I became a police
officer, and I even spent sometime as a sheriff's deputy.
So I have experience in you knowworking hard, I've worked on a
farm, I have worked inasphalting, I've done the
14-hour days, I've worked all ofthe long hours, I've done it.
(01:08):
I've worked with my bare hands,I've had the calluses, I've done
it all, and now I focus onbusiness and entrepreneurship.
I wanted to introduce myselfbecause I wanted to talk about
real estate and how important itis, and introduce myself as a
possible option and vendor foryou in your future real estate
transactions, whether you'rebuying, selling, or investing.
And I love the education aspectof it.
(01:29):
And I think real estate is partof the American dream.
I think real estate is one ofthe most important and oldest
business models that have everexisted, and it's tried and
true.
And I always say that because Ibelieve it.
And I believe everybody shouldlearn how to do it.
And me, having the real estatelicense that I do, it puts me in
a position to be an educationalleader and to teach you a little
(01:50):
bit about real estate.
So let's get started.
So, what is the first thing youdo to get started in real
estate?
The first thing I would say youneed to do before you ever get
started in real estate is askwhy.
One question.
(02:11):
Why?
It might seem ridiculous that Istart with that step.
Why do you want to invest inreal estate?
Quickly, we'll get into thisfirst step, but you gotta ask
yourself this question first.
Do you want to make money thisway?
Maybe you're a better coder,maybe you're like me, you're
really good with AI software,building softwares.
That's what I do.
(02:31):
I'm not just a business owner,I'm not just some real estate
agent.
I'm like a real AI guy.
I've always been in software,I've always been in digital
marketing, um, since the bigboom, since the Ty Lopez days
when he first became big.
I was into this stuff, and Iwas, you know, really always in
the circles of some of thegreatest entrepreneurs and some
great people who today arehighly successful, worth
(02:54):
hundreds of millions of dollars,and have helped me get to my
point in business today.
And now I'm trying to leadothers to do the same.
So that's my why.
That's why I wanted to get intoreal estate, but also why I
started this YouTube channel,why I wanted to become a police
officer to help people.
And so you need to know yourwhy.
Why are you investing in realestate?
(03:16):
Is it because somebody else toldyou to, or is it because you
want financial freedom in yourlife?
Is it because you're thinkingabout the generations, four
generations ahead of you?
Okay, maybe you're thinkingabout the future, you're
thinking about a big projectthat you want to do later.
Maybe you're trying to get toMars or to explore the stars,
whatever it is, you need to knowyour why.
(03:36):
So that's step one.
The next extremely importantthing you're gonna need to do,
step two, get rid of the debt.
So when I say debt, I don't meanbusiness debt.
If you're an entrepreneur, youprobably have some kind of
business debt.
If you're already a real estateinvestor, you are probably
(03:58):
leveraging.
And you're probably leveraging amortgage from the banks or the
seller or a seller financing, ahard money lender.
Some way, somehow, that's howyou're essentially getting rid
of your debt.
You're leveraging using gooddebt.
That's business debt.
So whenever you hear people, Ilove debt, I love debt, you hear
Robert Kiyosaki, Grant Cardone,whoever it is, they say, I love
(04:20):
debt, I love debt.
Chris Cron says that I lovedebt.
If anybody says I love debt, Iguarantee you they're all real
estate guys because this iswhat's called leveraging in real
estate, using other people'smoney legally, soundly, and the
IRS wants it, the banks want it.
It's a beautiful system, and thesystem's designed to make you
(04:41):
win.
The system is designed for realestate investors, and that's
what they didn't teach you inschool.
Isn't that crazy that you neverlearned this in school?
They never taught you about realestate investing, they never
taught you how to get rid of thedebt, they taught you how to get
more debt.
Go into college, wherever it is,keep up with the Joneses, get
yourself a job, and if you'relucky, maybe, just maybe, you'll
(05:05):
make enough money to earn apension.
And maybe if you stay at thatjob long enough, and if a
governor or some politiciandoesn't strike it off, maybe
you'll get that$5,000 a month.
So get rid of the debt, get ridof it, get rid of it, get rid of
it.
That's the second thing you cando.
Technically, the first thing youshould do, you need to get your
numbers together, know what yougot, and get rid of whatever bad
(05:27):
debt you have.
Credit card debt, this means umcar debt, anything like that.
That kind of debt.
Bad debt.
Get it out of your life becausewhat you're gonna need to buy a
house is a positive debt toincome ratio.
This is gonna be a neat this isgonna need to be at least a
solid number that makes sense.
(05:48):
So that way the banks or whoeverthe seller, whoever is the hard
money lender or the seller,whoever's helping you out with
this deal, they're gonna need toknow that you can actually have
skin in the game, that you canactually that they can actually
get something out of it.
And honestly, there's also gonnabe competition from other people
in the market to get that house.
I know a lot of this might beoverwhelming to you, but the
(06:10):
fact that you're still listeningto this means that you actually
want to learn about real estate,and that's the first step is
starting and taking the time tolearn, and that's what we're
gonna do here.
We're gonna learn.
So that's step two, get rid ofall the bad debt.
Step three is saving equity.
(06:32):
And what do I mean by savingequity?
So you need to have money tohave in your checking account.
So one of the things they'regonna look for to make sure that
you can actually buy the house,they're gonna make sure you
actually have money to put downon the house.
If you're gonna go and try toget a loan, or if you're gonna
try to buy the house outright,they want to make sure you got
the money.
(06:53):
So you're gonna have to havemoney in your checking account.
And usually your lender is gonnawant that in there for at least
three months.
So, whatever state you're in,they're gonna want to know that
that money wasn't like a gift.
They want to know that it'sactual money, it's been sitting
there, it's real money, andthere's nothing suspicious about
it.
And so that's something theydon't tell you in the process of
getting ready to buy your firsthomes that you actually have to
(07:15):
have a good amount of money inthere, and then it should be
sitting in there for a longperiod of time.
So, this is an important thing.
If you have enough equity, youcannot have a job and you can
still pay for that house.
So, let's just talk about this.
Why did I make this number two?
Saving equity.
So you've gotten rid of yourdebt.
Okay, let's just say you had$150,000 of college debt because
(07:35):
you went to law school or youwent to medical school, whatever
it is.
You saved that money andessentially you paid off, or
basically you paid off all thatdebt for college.
Great.
Whatever you were doing, youpaid it off.
Okay.
Now your next step is you'retrying to save equity, you're
trying to save money.
Now you got to get money in yourchecking account.
Okay, so again, this is the debtto income ratio.
(07:56):
You got to have more income thanyou do debt.
And this is what the lenders aregonna look for.
You walk in there to go getapproved for a home, they're
gonna ask you to do all of thesethings.
A lot of YouTube channels outthere ain't gonna tell you about
this stuff, they're not gonnatell you these important things.
So make sure you save a lot ofmoney.
Okay, I like to have as muchequity as possible.
Now, there is such a thing aswholesaling where you can
(08:17):
basically be the middleman inbetween contracts and doing all
this other stuff.
I'm not into that.
I don't do that.
I'm focused on investors,multifamily, that's what I like.
And then, of course, luxury realestate.
I'm also certified to sellluxury real estate.
My mentor also is luxurycertified in McComb County,
Michigan, um, really the entirethumb of Michigan.
(08:39):
So we're both luxury certified.
So you want to sell your home,luxury you want to sell a luxury
home.
And if you're wondering whatthat is, it's$750,000.
If your home is at least thatprice, um, sale price, then that
qualifies as a luxury home.
And so contact me or contact mymentor.
Uh she's right here.
Um, there she is in the corner.
And be sure to connect with us,and we'll help you do a great
(09:02):
job at making sure you can crushit in the real estate game.
But before you can do that,gotta save equity.
Save that money up, save thatmoney up.
You're gonna need money for theclosing costs, you're gonna need
money for renovations, you'regonna need money for any kind of
inspection fees, uh, the realtorcommission.
All of these things are gonnacost you money.
And so you need to know yournumbers, you need to really know
(09:24):
your stuff, you need to be ableto ask questions along the way.
So get rid of the debt.
Step two.
Or step one, know your why, whyyou're getting into real estate.
Step number two, get rid of allyour debt.
Bad debt.
Okay, if you got business debt,it's different.
Step three, save equity.
You should have at least$150,000to$200,000 in your checking
(09:44):
account.
I know it's rough times.
I get it.
I know groceries are expensive,I know we're at war in the
Middle East, I know we'refighting all these wars when we
don't need to.
I know, I know, I know ourgovernment is corrupt.
Yes, indeed, you are correct.
And I'm not gonna pretend likenone of those things are
happening.
But if you want to ascend and ifyou want to win, then you have
(10:05):
to be one of the people whofight back and who actually
still take action.
Everything is a test.
And never forget that realestate is a test of will.
Who has the motivation and thedrive to go get the deal?
Who's got the motivation and thepassion to succeed in real
estate, to acquire land?
What do you want to do?
What's important to you?
Do you want to build yourempire, your kingdom?
(10:26):
Do you want to build yourlegacy?
Do you want to do somethingthat's worth remembering?
Then you got to work with mebecause I can help you do that.
I know the steps and I'll walkyou through them.
Step number four to buying yourfirst home, you're gonna need to
know your employment history andyour occupation.
(10:49):
So you wanna have that.
One of the most importantthings, if you're not already a
millionaire, if you didn't getan inheritance from your parents
that can really just pay for ahouse up front and just destroy
everybody else's offers on themarket, if you don't have that
kind of money, then you're gonnaneed to also consider make sure
that you have at least twoyears, two years at least of
(11:11):
employment history.
So hold on.
Two years.
Okay, and then you go on to workat an animal shelter.
(11:33):
Guess what?
All that time in college, let'sjust say you graduated with a
four-year degree, all that timein college will be considered as
employment history, occupation,because that as long as your
degree has something to do withyour current occupation, okay,
as long as your degree, collegedegree has to be occupation, has
(11:54):
to be the same thing.
So, for example, I wanted to buymy first properties.
Guess what?
I said, hey, I'm a policeofficer, and also I know I don't
have two years of employmenthistory as a cop, but I did go
to college and I have afour-year degree in criminal
justice and law enforcementadministration.
Can't I qualify for a host?
And you want to know what theytold me?
They said, absolutely yes, youcan.
(12:16):
And so I already knew this goingin because I always loved real
estate.
I knew it enough to where thisis the process, how it goes.
And so essentially I always Ialready knew that I was
qualified in that way, but Ialso took into consideration
that there were things I didn'tknow about that process, and a
lot of people don't know aboutthat process, they don't even
know that you need to have atleast two years of employment
(12:37):
history, two years of taxes,W-2s.
Let's add that.
W-2s.
So very important.
W-2s.
So you're gonna need to showthat you have W-2s, or if you're
a business owner, you're gonnaneed to have um essentially,
you're gonna have to need tohave your profit and loss
statements, you're gonna have tohave everything you usually do
(12:57):
to pay your taxes.
It depends on if you're an LLC,if you're an S corporation, if
you're a C corporation.
You'll all have differentrequirements based on whatever
kind of company or entity thatyou own.
Okay, but as a real estateinvestor, if you're or a seller,
whatever you're doing, trying tobuy, seller, invest in real
estate, your first ever realestate, your first ever home,
(13:17):
you're gonna need a W2.
So again, employment history,two years of it, you're probably
gonna need at least that.
And can also consider that ifyou have two years of college
experience, okay, in the samefield that you're working in
today, then that all counts asemployment history.
All of that you add it up andbunch it together.
(13:39):
So that's what it'll beconsidered by most lenders, most
banks.
So understand that.
And basically, that just meanstwo years of tax returns.
Your W-2s, two years of W-2s andtax returns.
So that's all that means.
This is this isn't toocomplicated, this isn't too
crazy.
All of you guys can do this, allof this can be learned, all of
this is easily understandable.
(14:01):
So now that we're getting overhere to this side of the board,
trying to clear some more spaceso we can talk more about this a
little bit more thoroughly.
Okay, so what's the next step inthe process of buying your first
home?
Okay, so you knew you askedyourself your why.
Step two, you got rid of allyour debt.
Great, wonderful, or you got itat a really low amount.
(14:21):
And then step number three,you're saved, you saved a bunch
of money.
You got a lot of equity, you gotsavings.
That's amazing.
You have equity.
This is what you're gonna usefor your renovations.
This is what you're gonna use toput the down payment, the
earnest money.
This is gonna pay your realestate your realtor's
commission.
You know, when you pay me mycommission, this will come out
of the equity that you put intothe home.
(14:42):
Okay, so whatever you're payingthe seller, okay.
So this is how it works savemoney, a lot of it.
The more money you got, the moreroom you have.
Okay, you're gonna have a bettercap rate, all of that stuff.
Um, when it comes down tomultifamily, whatever it is, the
more money you can put on it,the more you can benefit, the
more you can do.
You can renovate, you canrefinance it sooner.
All there's it's a numbers game.
(15:04):
Real estate's numbers, numbers,numbers, numbers, numbers.
Gotta understand that.
So numbered numbers equalsmoney.
And so remember that too.
So step number four, great.
You established that you workedat your job for two years, you
got your little bit of collegeexperience, it connects right to
it.
Amazing.
Now, what's the next step?
(15:28):
Step number five is gonna beyou're gonna meet with a lender.
So you're gonna meet with alocal lender, whoever made
sense, whoever you know,somebody who's gonna be able to
give you a loan so you can gobuy that property.
Or sometimes it can be a seller.
I should have just added sellerhere.
Sometimes it can be a selleryou're talking to.
All right, so these are gonna bethe people that lend you the
(15:48):
money.
This is where you're gonna getyour loan.
This is the allowed, this is theloan origination fee.
Again, this goes back to havingequity.
Okay, that's gonna pay for theloan origination fee, all that
stuff.
I know this is a lot, but thisis everything you're gonna need.
I promise, you watch this video,you're gonna get everything you
need.
Okay.
Step five, meeting with alender, meeting with somebody
who, whoever's gonna give youthe money for the property,
(16:10):
whoever you're getting the loanfrom.
You gotta go get the loan.
Get the loan.
Always use other people's money.
Always use other people's moneyif you can.
You always gotta think likethat.
The elites, the 1%, they don'tuse their own money, they use
other people's money.
You need to elevate your brainto another level.
Things that you weren't taughtin school.
Nothing of this is ever gonna betaught in school.
(16:32):
Maybe today you see somethinglike this, but you gotta take a
specific class for it.
This isn't the foundation of theAmerican educational system, and
this is the whole problem.
So, what's the next thing youdo?
So now you've basicallyessentially met with the lender,
so now you're gonna meet with arealtor.
(16:56):
At this point, step number sixis you're gonna meet with a
realtor.
So the lender's gonna approveyou, so they're gonna consider
all these things, they're gonnalook at the numbers, they're
gonna do a credit check.
Oh, I should have added thattoo.
Credit.
Credit.
So I should have put that inthere in the beginning of the
video.
But one of the most importantthings it comes with getting rid
of debt is having a good creditscore.
When you get rid of your debt,you'll finally have a good
(17:19):
credit score.
And so that's why I didn't putit with step number two.
But you can essentially consider680 to 800 credit score as a
goal for you to attain if youare interested in buying real
estate.
Because this is what you'regonna need.
Get rid of the debt, you'll getthat credit score.
You can bump it up rathereasily.
You just gotta pay off yourbills, you gotta get things done
on time, you gotta get the job,work at it, do whatever you
(17:42):
gotta do.
You just gotta have an income,you gotta make the money, you
gotta do what you gotta do.
Okay, it doesn't matter if it'sentrepreneurial money, business
money, or it doesn't matter ifit's W-29 to 5 money, but you
gotta have some way to makemoney.
You're gonna work with me, we'regonna connect, meet for coffee,
sign the exclusive right to sellto make sure I get a commission
and paid of some sort.
(18:02):
And essentially, I'm going to bethe procuring cause of that
sale.
Whatever it is, whether we'rebuying, selling, or investing,
I'm gonna be the guy to help youdo it.
We're gonna put the yard signsout, we're gonna put the video,
we're gonna put the home onZillow, we're gonna put it on
Realtor, we're gonna put it onRedfin, we're gonna put it on
everything, and that's how it'sgonna be.
(18:23):
So, step number six is you'refinding me.
You're working with the realtor,finding the home of your
American dream, baby.
Let's do it.
Step seven is gonna be theclosing.
So finally, you're gonna close.
So this is after all.
(18:44):
So this is gonna be yourclosing.
Finally, essentially, all theterms are gonna be met in the
contracts between you and theseller or you and the banks,
whatever it is, and closing willcome.
So we're gonna have escrowthat'll usually take about 30
days, 30 to 45 days.
That'll be how long that processtakes.
Typically, depends on thesituation.
(19:05):
And at that point, if there's noproblems, the sale closes, and
then we get you into your dreamhome.
Typically, it should take usunder 30 days with all the
resources we got, and plus, I'mpretty good at what I do, I'm
pretty good at connecting andmaking sure these properties can
get on the best markets, theMLS, all this stuff.
Okay, we're gonna make suremillions of people can see it.
It's gonna be big.
(19:26):
Okay, so you gotta work with meso we can help you get there.
Seven steps to buying your firsthome, and this is what it's all
about.
So, if you want to invest inreal estate, you gotta
understand that nothing's gonnabe handed to you.
You gotta go after your Americantree, and you gotta do all of
(19:46):
this before you can even ownproperty.
Now, this is how you buy a home,and I make it this video because
many of you are going to beinvesting in real estate for the
first time in your entire lifevery soon, especially as XRP and
Bitcoin and crypto is going up,and all of these new assets and
all of these new financialmodels are going to be making
(20:07):
people very wealthy.
And so it will affect people'sbank accounts.
People will finally have money,and then they will be not only
buying real estate, but they'llbe investing in real estate,
they'll be buying up farmlandagain, multifamilies, and that's
where you can work with me.
That's what I'm excited for.
We're coming into it, we'recoming into a financial boom, an
economic boom, and greatopportunities for you.
So don't waste it, don't missit.
(20:29):
Work with me, Brendan Acker.
I'll be your realtor.
I'll also help grow yourbusiness.
I'm the founder and CEO of GoldShark Media AI, where we help
businesses integrate AI and webuild AI softwares.
We also integrate your entiresocial media content creation
plan.
Your omnipresence will bemassive.
And we're gonna make sure you goviral across every single
platform you can imagine.
(20:50):
So you're gonna have to workwith me first.
Email me at info at gold sharkmedia for business purposes and
inquiries.
And if you want real estateinquiries, then email me at
brendonacor at kw.com or justmessage me, guys.
It's not that hard.
Get in contact with me.
I'm pretty easy to message, butall in all, as long as we're
helping you get to your goals,that's what's important to me.
(21:11):
Making sure you're winning,making sure that you're leading
in a time where we're goingthrough the greatest
transformation of wealth andpossibly the American golden
age.
And I believe that that ishappening.
Despite all of the negativethings we're seeing, I believe
we're seeing we're going to seevery positive effects in the
future.
And it'll be a roller coaster,it'll be up and down.
(21:33):
But if you're patient, if youpay attention, you stay smart,
you love God first, and if yoube a good person, you treat
everybody with respect, and youjust do the right thing.
Okay, you try to be better thaneverybody else who's not doing
the right thing.
It's easy to be the devil'sadvocate.
We have enough of those, butit's not easy to be a better
person.
It's not easy to go and helpsomebody.
(21:53):
So go and make somebody else'slife better today.
Go and be an impact.
Make a video, talk aboutyourself, whatever it is, do
what I'm doing, but talk aboutthe world and how you can change
it.
So, you want to buy a house?
This is how you're gonna do it.
Connect with me, I'll be yourrealtor, and we'll get you
started.
All right?
And at the end of the day, I gotnothing else.
(22:15):
Stay prudent, stay powerful, andstay wealthy.
Today, ladies and gentlemen, we're gonna talk
(00:01):
about buying your first home,why that's important, how to do
it, and the first steps thatyou're gonna need to take, how
to execute upon it, and what todo in order to achieve your
American dream.
Let's get started.
So, just a quick littleintroduction about myself.
My name is Brendan Scott Ecker.
I grew up in Elmont, Michigan,but I have always been an
entrepreneur my entire life.
But actually, I started off insports.
(00:24):
I started off playing prettymuch anything there was, but I
was always in baseball,football, and I loved
powerlifting.
I later ended up playingfootball and baseball at the
University of Olivet, where Imajored in criminology and
criminal justice, and also lawenforcement administration.
These things were a part of mymajor because I wanted to help
people.
I wanted to serve my country.
(00:45):
I wanted to do something thatwas noteworthy and worthwhile.
And so I succeeded in thesethings, and then I eventually
went on to the police academy,and eventually I became a police
officer, and I even spent sometime as a sheriff's deputy.
So I have experience in you knowworking hard, I've worked on a
farm, I have worked inasphalting, I've done the
14-hour days, I've worked all ofthe long hours, I've done it.
(01:08):
I've worked with my bare hands,I've had the calluses, I've done
it all, and now I focus onbusiness and entrepreneurship.
I wanted to introduce myselfbecause I wanted to talk about
real estate and how important itis, and introduce myself as a
possible option and vendor foryou in your future real estate
transactions, whether you'rebuying, selling, or investing.
And I love the education aspectof it.
(01:29):
And I think real estate is partof the American dream.
I think real estate is one ofthe most important and oldest
business models that have everexisted, and it's tried and
true.
And I always say that because Ibelieve it.
And I believe everybody shouldlearn how to do it.
And me, having the real estatelicense that I do, it puts me in
a position to be an educationalleader and to teach you a little
(01:50):
bit about real estate.
So let's get started.
So, what is the first thing youdo to get started in real
estate?
The first thing I would say youneed to do before you ever get
started in real estate is askwhy.
One question.
(02:11):
Why?
It might seem ridiculous that Istart with that step.
Why do you want to invest inreal estate?
Quickly, we'll get into thisfirst step, but you gotta ask
yourself this question first.
Do you want to make money thisway?
Maybe you're a better coder,maybe you're like me, you're
really good with AI software,building softwares.
That's what I do.
(02:31):
I'm not just a business owner,I'm not just some real estate
agent.
I'm like a real AI guy.
I've always been in software,I've always been in digital
marketing, um, since the bigboom, since the Ty Lopez days
when he first became big.
I was into this stuff, and Iwas, you know, really always in
the circles of some of thegreatest entrepreneurs and some
great people who today arehighly successful, worth
(02:54):
hundreds of millions of dollars,and have helped me get to my
point in business today.
And now I'm trying to leadothers to do the same.
So that's my why.
That's why I wanted to get intoreal estate, but also why I
started this YouTube channel,why I wanted to become a police
officer to help people.
And so you need to know yourwhy.
Why are you investing in realestate?
(03:16):
Is it because somebody else toldyou to, or is it because you
want financial freedom in yourlife?
Is it because you're thinkingabout the generations, four
generations ahead of you?
Okay, maybe you're thinkingabout the future, you're
thinking about a big projectthat you want to do later.
Maybe you're trying to get toMars or to explore the stars,
whatever it is, you need to knowyour why.
(03:36):
So that's step one.
The next extremely importantthing you're gonna need to do,
step two, get rid of the debt.
So when I say debt, I don't meanbusiness debt.
If you're an entrepreneur, youprobably have some kind of
business debt.
If you're already a real estateinvestor, you are probably
(03:58):
leveraging.
And you're probably leveraging amortgage from the banks or the
seller or a seller financing, ahard money lender.
Some way, somehow, that's howyou're essentially getting rid
of your debt.
You're leveraging using gooddebt.
That's business debt.
So whenever you hear people, Ilove debt, I love debt, you hear
Robert Kiyosaki, Grant Cardone,whoever it is, they say, I love
(04:20):
debt, I love debt.
Chris Cron says that I lovedebt.
If anybody says I love debt, Iguarantee you they're all real
estate guys because this iswhat's called leveraging in real
estate, using other people'smoney legally, soundly, and the
IRS wants it, the banks want it.
It's a beautiful system, and thesystem's designed to make you
(04:41):
win.
The system is designed for realestate investors, and that's
what they didn't teach you inschool.
Isn't that crazy that you neverlearned this in school?
They never taught you about realestate investing, they never
taught you how to get rid of thedebt, they taught you how to get
more debt.
Go into college, wherever it is,keep up with the Joneses, get
yourself a job, and if you'relucky, maybe, just maybe, you'll
(05:05):
make enough money to earn apension.
And maybe if you stay at thatjob long enough, and if a
governor or some politiciandoesn't strike it off, maybe
you'll get that$5,000 a month.
So get rid of the debt, get ridof it, get rid of it, get rid of
it.
That's the second thing you cando.
Technically, the first thing youshould do, you need to get your
numbers together, know what yougot, and get rid of whatever bad
(05:27):
debt you have.
Credit card debt, this means umcar debt, anything like that.
That kind of debt.
Bad debt.
Get it out of your life becausewhat you're gonna need to buy a
house is a positive debt toincome ratio.
This is gonna be a neat this isgonna need to be at least a
solid number that makes sense.
(05:48):
So that way the banks or whoeverthe seller, whoever is the hard
money lender or the seller,whoever's helping you out with
this deal, they're gonna need toknow that you can actually have
skin in the game, that you canactually that they can actually
get something out of it.
And honestly, there's also gonnabe competition from other people
in the market to get that house.
I know a lot of this might beoverwhelming to you, but the
(06:10):
fact that you're still listeningto this means that you actually
want to learn about real estate,and that's the first step is
starting and taking the time tolearn, and that's what we're
gonna do here.
We're gonna learn.
So that's step two, get rid ofall the bad debt.
Step three is saving equity.
(06:32):
And what do I mean by savingequity?
So you need to have money tohave in your checking account.
So one of the things they'regonna look for to make sure that
you can actually buy the house,they're gonna make sure you
actually have money to put downon the house.
If you're gonna go and try toget a loan, or if you're gonna
try to buy the house outright,they want to make sure you got
the money.
(06:53):
So you're gonna have to havemoney in your checking account.
And usually your lender is gonnawant that in there for at least
three months.
So, whatever state you're in,they're gonna want to know that
that money wasn't like a gift.
They want to know that it'sactual money, it's been sitting
there, it's real money, andthere's nothing suspicious about
it.
And so that's something theydon't tell you in the process of
getting ready to buy your firsthomes that you actually have to
(07:15):
have a good amount of money inthere, and then it should be
sitting in there for a longperiod of time.
So, this is an important thing.
If you have enough equity, youcannot have a job and you can
still pay for that house.
So, let's just talk about this.
Why did I make this number two?
Saving equity.
So you've gotten rid of yourdebt.
Okay, let's just say you had$150,000 of college debt because
(07:35):
you went to law school or youwent to medical school, whatever
it is.
You saved that money andessentially you paid off, or
basically you paid off all thatdebt for college.
Great.
Whatever you were doing, youpaid it off.
Okay.
Now your next step is you'retrying to save equity, you're
trying to save money.
Now you got to get money in yourchecking account.
Okay, so again, this is the debtto income ratio.
(07:56):
You got to have more income thanyou do debt.
And this is what the lenders aregonna look for.
You walk in there to go getapproved for a home, they're
gonna ask you to do all of thesethings.
A lot of YouTube channels outthere ain't gonna tell you about
this stuff, they're not gonnatell you these important things.
So make sure you save a lot ofmoney.
Okay, I like to have as muchequity as possible.
Now, there is such a thing aswholesaling where you can
(08:17):
basically be the middleman inbetween contracts and doing all
this other stuff.
I'm not into that.
I don't do that.
I'm focused on investors,multifamily, that's what I like.
And then, of course, luxury realestate.
I'm also certified to sellluxury real estate.
My mentor also is luxurycertified in McComb County,
Michigan, um, really the entirethumb of Michigan.
(08:39):
So we're both luxury certified.
So you want to sell your home,luxury you want to sell a luxury
home.
And if you're wondering whatthat is, it's$750,000.
If your home is at least thatprice, um, sale price, then that
qualifies as a luxury home.
And so contact me or contact mymentor.
Uh she's right here.
Um, there she is in the corner.
And be sure to connect with us,and we'll help you do a great
(09:02):
job at making sure you can crushit in the real estate game.
But before you can do that,gotta save equity.
Save that money up, save thatmoney up.
You're gonna need money for theclosing costs, you're gonna need
money for renovations, you'regonna need money for any kind of
inspection fees, uh, the realtorcommission.
All of these things are gonnacost you money.
And so you need to know yournumbers, you need to really know
(09:24):
your stuff, you need to be ableto ask questions along the way.
So get rid of the debt.
Step two.
Or step one, know your why, whyyou're getting into real estate.
Step number two, get rid of allyour debt.
Bad debt.
Okay, if you got business debt,it's different.
Step three, save equity.
You should have at least$150,000to$200,000 in your checking
(09:44):
account.
I know it's rough times.
I get it.
I know groceries are expensive,I know we're at war in the
Middle East, I know we'refighting all these wars when we
don't need to.
I know, I know, I know ourgovernment is corrupt.
Yes, indeed, you are correct.
And I'm not gonna pretend likenone of those things are
happening.
But if you want to ascend and ifyou want to win, then you have
(10:05):
to be one of the people whofight back and who actually
still take action.
Everything is a test.
And never forget that realestate is a test of will.
Who has the motivation and thedrive to go get the deal?
Who's got the motivation and thepassion to succeed in real
estate, to acquire land?
What do you want to do?
What's important to you?
Do you want to build yourempire, your kingdom?
(10:26):
Do you want to build yourlegacy?
Do you want to do somethingthat's worth remembering?
Then you got to work with mebecause I can help you do that.
I know the steps and I'll walkyou through them.
Step number four to buying yourfirst home, you're gonna need to
know your employment history andyour occupation.
(10:49):
So you wanna have that.
One of the most importantthings, if you're not already a
millionaire, if you didn't getan inheritance from your parents
that can really just pay for ahouse up front and just destroy
everybody else's offers on themarket, if you don't have that
kind of money, then you're gonnaneed to also consider make sure
that you have at least twoyears, two years at least of
(11:11):
employment history.
So hold on.
Two years.
Okay, and then you go on to workat an animal shelter.
(11:33):
Guess what?
All that time in college, let'sjust say you graduated with a
four-year degree, all that timein college will be considered as
employment history, occupation,because that as long as your
degree has something to do withyour current occupation, okay,
as long as your degree, collegedegree has to be occupation, has
(11:54):
to be the same thing.
So, for example, I wanted to buymy first properties.
Guess what?
I said, hey, I'm a policeofficer, and also I know I don't
have two years of employmenthistory as a cop, but I did go
to college and I have afour-year degree in criminal
justice and law enforcementadministration.
Can't I qualify for a host?
And you want to know what theytold me?
They said, absolutely yes, youcan.
(12:16):
And so I already knew this goingin because I always loved real
estate.
I knew it enough to where thisis the process, how it goes.
And so essentially I always Ialready knew that I was
qualified in that way, but Ialso took into consideration
that there were things I didn'tknow about that process, and a
lot of people don't know aboutthat process, they don't even
know that you need to have atleast two years of employment
(12:37):
history, two years of taxes,W-2s.
Let's add that.
W-2s.
So very important.
W-2s.
So you're gonna need to showthat you have W-2s, or if you're
a business owner, you're gonnaneed to have um essentially,
you're gonna have to need tohave your profit and loss
statements, you're gonna have tohave everything you usually do
(12:57):
to pay your taxes.
It depends on if you're an LLC,if you're an S corporation, if
you're a C corporation.
You'll all have differentrequirements based on whatever
kind of company or entity thatyou own.
Okay, but as a real estateinvestor, if you're or a seller,
whatever you're doing, trying tobuy, seller, invest in real
estate, your first ever realestate, your first ever home,
(13:17):
you're gonna need a W2.
So again, employment history,two years of it, you're probably
gonna need at least that.
And can also consider that ifyou have two years of college
experience, okay, in the samefield that you're working in
today, then that all counts asemployment history.
All of that you add it up andbunch it together.
(13:39):
So that's what it'll beconsidered by most lenders, most
banks.
So understand that.
And basically, that just meanstwo years of tax returns.
Your W-2s, two years of W-2s andtax returns.
So that's all that means.
This is this isn't toocomplicated, this isn't too
crazy.
All of you guys can do this, allof this can be learned, all of
this is easily understandable.
(14:01):
So now that we're getting overhere to this side of the board,
trying to clear some more spaceso we can talk more about this a
little bit more thoroughly.
Okay, so what's the next step inthe process of buying your first
home?
Okay, so you knew you askedyourself your why.
Step two, you got rid of allyour debt.
Great, wonderful, or you got itat a really low amount.
(14:21):
And then step number three,you're saved, you saved a bunch
of money.
You got a lot of equity, you gotsavings.
That's amazing.
You have equity.
This is what you're gonna usefor your renovations.
This is what you're gonna use toput the down payment, the
earnest money.
This is gonna pay your realestate your realtor's
commission.
You know, when you pay me mycommission, this will come out
of the equity that you put intothe home.
(14:42):
Okay, so whatever you're payingthe seller, okay.
So this is how it works savemoney, a lot of it.
The more money you got, the moreroom you have.
Okay, you're gonna have a bettercap rate, all of that stuff.
Um, when it comes down tomultifamily, whatever it is, the
more money you can put on it,the more you can benefit, the
more you can do.
You can renovate, you canrefinance it sooner.
All there's it's a numbers game.
(15:04):
Real estate's numbers, numbers,numbers, numbers, numbers.
Gotta understand that.
So numbered numbers equalsmoney.
And so remember that too.
So step number four, great.
You established that you workedat your job for two years, you
got your little bit of collegeexperience, it connects right to
it.
Amazing.
Now, what's the next step?
(15:28):
Step number five is gonna beyou're gonna meet with a lender.
So you're gonna meet with alocal lender, whoever made
sense, whoever you know,somebody who's gonna be able to
give you a loan so you can gobuy that property.
Or sometimes it can be a seller.
I should have just added sellerhere.
Sometimes it can be a selleryou're talking to.
All right, so these are gonna bethe people that lend you the
(15:48):
money.
This is where you're gonna getyour loan.
This is the allowed, this is theloan origination fee.
Again, this goes back to havingequity.
Okay, that's gonna pay for theloan origination fee, all that
stuff.
I know this is a lot, but thisis everything you're gonna need.
I promise, you watch this video,you're gonna get everything you
need.
Okay.
Step five, meeting with alender, meeting with somebody
who, whoever's gonna give youthe money for the property,
(16:10):
whoever you're getting the loanfrom.
You gotta go get the loan.
Get the loan.
Always use other people's money.
Always use other people's moneyif you can.
You always gotta think likethat.
The elites, the 1%, they don'tuse their own money, they use
other people's money.
You need to elevate your brainto another level.
Things that you weren't taughtin school.
Nothing of this is ever gonna betaught in school.
(16:32):
Maybe today you see somethinglike this, but you gotta take a
specific class for it.
This isn't the foundation of theAmerican educational system, and
this is the whole problem.
So, what's the next thing youdo?
So now you've basicallyessentially met with the lender,
so now you're gonna meet with arealtor.
(16:56):
At this point, step number sixis you're gonna meet with a
realtor.
So the lender's gonna approveyou, so they're gonna consider
all these things, they're gonnalook at the numbers, they're
gonna do a credit check.
Oh, I should have added thattoo.
Credit.
Credit.
So I should have put that inthere in the beginning of the
video.
But one of the most importantthings it comes with getting rid
of debt is having a good creditscore.
When you get rid of your debt,you'll finally have a good
(17:19):
credit score.
And so that's why I didn't putit with step number two.
But you can essentially consider680 to 800 credit score as a
goal for you to attain if youare interested in buying real
estate.
Because this is what you'regonna need.
Get rid of the debt, you'll getthat credit score.
You can bump it up rathereasily.
You just gotta pay off yourbills, you gotta get things done
on time, you gotta get the job,work at it, do whatever you
(17:42):
gotta do.
You just gotta have an income,you gotta make the money, you
gotta do what you gotta do.
Okay, it doesn't matter if it'sentrepreneurial money, business
money, or it doesn't matter ifit's W-29 to 5 money, but you
gotta have some way to makemoney.
You're gonna work with me, we'regonna connect, meet for coffee,
sign the exclusive right to sellto make sure I get a commission
and paid of some sort.
(18:02):
And essentially, I'm going to bethe procuring cause of that
sale.
Whatever it is, whether we'rebuying, selling, or investing,
I'm gonna be the guy to help youdo it.
We're gonna put the yard signsout, we're gonna put the video,
we're gonna put the home onZillow, we're gonna put it on
Realtor, we're gonna put it onRedfin, we're gonna put it on
everything, and that's how it'sgonna be.
(18:23):
So, step number six is you'refinding me.
You're working with the realtor,finding the home of your
American dream, baby.
Let's do it.
Step seven is gonna be theclosing.
So finally, you're gonna close.
So this is after all.
(18:44):
So this is gonna be yourclosing.
Finally, essentially, all theterms are gonna be met in the
contracts between you and theseller or you and the banks,
whatever it is, and closing willcome.
So we're gonna have escrowthat'll usually take about 30
days, 30 to 45 days.
That'll be how long that processtakes.
Typically, depends on thesituation.
(19:05):
And at that point, if there's noproblems, the sale closes, and
then we get you into your dreamhome.
Typically, it should take usunder 30 days with all the
resources we got, and plus, I'mpretty good at what I do, I'm
pretty good at connecting andmaking sure these properties can
get on the best markets, theMLS, all this stuff.
Okay, we're gonna make suremillions of people can see it.
It's gonna be big.
(19:26):
Okay, so you gotta work with meso we can help you get there.
Seven steps to buying your firsthome, and this is what it's all
about.
So, if you want to invest inreal estate, you gotta
understand that nothing's gonnabe handed to you.
You gotta go after your Americantree, and you gotta do all of
(19:46):
this before you can even ownproperty.
Now, this is how you buy a home,and I make it this video because
many of you are going to beinvesting in real estate for the
first time in your entire lifevery soon, especially as XRP and
Bitcoin and crypto is going up,and all of these new assets and
all of these new financialmodels are going to be making
(20:07):
people very wealthy.
And so it will affect people'sbank accounts.
People will finally have money,and then they will be not only
buying real estate, but they'llbe investing in real estate,
they'll be buying up farmlandagain, multifamilies, and that's
where you can work with me.
That's what I'm excited for.
We're coming into it, we'recoming into a financial boom, an
economic boom, and greatopportunities for you.
So don't waste it, don't missit.
(20:29):
Work with me, Brendan Acker.
I'll be your realtor.
I'll also help grow yourbusiness.
I'm the founder and CEO of GoldShark Media AI, where we help
businesses integrate AI and webuild AI softwares.
We also integrate your entiresocial media content creation
plan.
Your omnipresence will bemassive.
And we're gonna make sure you goviral across every single
platform you can imagine.
(20:50):
So you're gonna have to workwith me first.
Email me at info at gold sharkmedia for business purposes and
inquiries.
And if you want real estateinquiries, then email me at
brendonacor at kw.com or justmessage me, guys.
It's not that hard.
Get in contact with me.
I'm pretty easy to message, butall in all, as long as we're
helping you get to your goals,that's what's important to me.
(21:11):
Making sure you're winning,making sure that you're leading
in a time where we're goingthrough the greatest
transformation of wealth andpossibly the American golden
age.
And I believe that that ishappening.
Despite all of the negativethings we're seeing, I believe
we're seeing we're going to seevery positive effects in the
future.
And it'll be a roller coaster,it'll be up and down.
(21:33):
But if you're patient, if youpay attention, you stay smart,
you love God first, and if yoube a good person, you treat
everybody with respect, and youjust do the right thing.
Okay, you try to be better thaneverybody else who's not doing
the right thing.
It's easy to be the devil'sadvocate.
We have enough of those, butit's not easy to be a better
person.
It's not easy to go and helpsomebody.
(21:53):
So go and make somebody else'slife better today.
Go and be an impact.
Make a video, talk aboutyourself, whatever it is, do
what I'm doing, but talk aboutthe world and how you can change
it.
So, you want to buy a house?
This is how you're gonna do it.
Connect with me, I'll be yourrealtor, and we'll get you
started.
All right?
And at the end of the day, I gotnothing else.
(22:15):
Stay prudent, stay powerful, andstay wealthy.
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