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First-time homebuyer? Good, youâre in the right place. The house you buy could propel you towards wealth and financial freedom IF you think a little differently. Since this is your starter home, thereâs a good chance you wonât be living in it forever. Maybe in a few years, youâll upgrade, move for a job, or find your dream home. Then, this house becomes a money-maker for you, so how do you analyze your first home to ensure itâs a profitable purchase for you in the future?
Today, weâve got Brendan Jones, a first-time homebuyer, on the channel as we walk through his decision on where and what to buy. Heâs a traveling minor-league baseball player, so he wonât use the house for half the year. That means he can rent it out as an Airbnb or medium-term rental (30+ days) while heâs away, but which will help him the most financially?
How much should you put down? Suburbs or downtownâwhatâs the best option? How do you KNOW youâll be able to find renters down the line?
Weâve got you covered so you can build wealth with just one property!
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By: BiggerPockets
Title: Walking a Complete Beginner Through Real Estate Investing (1st House!)
Sourced From: www.youtube.com/watch?v=-ho7hEViHwk
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Did you miss our previous article...
https://jayconnerprivate.money/Real-Estate-Investing/what-is-the-right-way-to-buy-rental-property