First-time homebuyer? Good, you’re 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, there’s a good chance you won’t be living in it forever. Maybe in a few years, you’ll 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 it’s a profitable purchase for you in the future?
Today, we’ve got Brendan Jones, a first-time homebuyer, on the channel as we walk through his decision on where and what to buy. He’s a traveling minor-league baseball player, so he won’t use the house for half the year. That means he can rent it out as an Airbnb or medium-term rental (30+ days) while he’s away, but which will help him the most financially?
How much should you put down? Suburbs or downtown—what’s the best option? How do you KNOW you’ll be able to find renters down the line?
We’ve 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
