Behind the Shine 8/26/22

    My first ever in-person retreat has sold out in two weeks and I couldn’t be more excited to attend! If you’d like to sign up for my next event and learn how to build big wealth buying rentals, click here to get on the new waiting list! Our next retreat will be right after BPCon from October 5th-9th, 2022. 

    Don’t forget to set a reminder in your phone that I’ll be on YouTube LIVE, Fridays at 6pm PST!

    Last week we discussed how the number of available homes on the market have spiked at a record pace. But how does this increase in available homes affect consumer’s opinion of the current state of our economy? Find out in this week’s article. We will be referencing this article from Fox News.

    When you’re in the market to buy your first home, there’s a ton of factors that go into a successful purchase, but as a new home buyer you need to be aware of these five mistakes and understand how to avoid them so you can enter you’re new home with the least amount of friction as possible.

    Buying a house is an emotional decision and the first mistake you can make is seeking homes before you secure financing.

    Of course, while it might be fun to pick out your dream house, you don’t want to get emotionally attached to a house before you know that you have the ability to purchase it.

    The next mistake you need to be aware of is overlooking other payments. Beyond the mortgage, can you afford property insurance, taxes, maintenance, and potentially higher utility bills?

    One of the most common mistakes I’ve seen is first time home buyers draining their savings to get a house. 

    My advice would be to put as little down as you have to and secure the best loan that you can.

    This next mistake is a little different but I’m going to explain why it’s not in your best interest to buy a new construction home.

    New construction homes are often in areas with higher property taxes.

    The final mistake you need to avoid as a first time home buyer is looking for your forever home with your first house.

    You need to buy the house that makes the most sense for you right now and keep an open mind that you won’t always get your forever home with your first purchase.

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