Save a fortune at the closing table and beyond?and dodge the common financial pitfalls of first-time homeownership?with ?exceptionally practical? and ?clear? advice (Grant Sabatier, bestselling author of Financial Freedom).
No matter how much you want to escape the renter's cycle, buying a house isn't always a good investment. Your home can make or break your chance to generate wealth and freedom?and this book will show you how to make the right decisions to give you the most financial flexibility possible.
Scott Trench and Mindy Jensen of the BiggerPockets Money Podcast have been buying and selling houses for a collective thirty years. In First-Time Home Buyer, they'll give you a ?real-world masterclass? in the home-buying process (Brad Barrett, co-host of the ChooseFI Podcast)?so you can consider all of your options and avoid common mistakes before you jump into the life-changing role of homeowner. Buy your first house with your eyes wide open, and learn the strategies that will help you build a strong financial foundation for life.
In this book, you'll learn:
- How to find and analyze the homes you can actually afford
- When to buy a house instead of renting?and what to look for and avoid
- How to improve your financial fitness before your next big purchase
- Which early decisions and steps will help you turn your first home into a future cash-flowing investment
- Whether fixer-upper houses and home renovations are really worth it
- How to choose a real estate agent and a lender who have your best interests in mind
- An expert's view of the housing market and buying process?from loan pre-approval to submitting offers, home inspections, closing, and everything in between!
Autorentext
Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor, real estate broker, and bestselling author. Through a solid understanding of money management, calculated risks, and a lot of hard work, he has created financial freedom for himself as well as a successful real estate business in just three years after graduating college. In his bestselling book, Set for Life, he shares the knowledge that he has acquired so others will have the tools they need to repeat his results in just 3-5 years, giving them the option to go anywhere they want in the world, work any job, start any business, or finish out the journey to financial independence and retire young. Scott currently lives in Denver, Colorado and enjoys skiing, rugby, craft beers, and terrible punny jokes.
Klappentext
Buy your first house with your eyes wide open and outsmart the world's most common financial trap! From BiggerPockets CEO Scott Trench and podcast co-host Mindy Jensen, learn how your home purchase can destroy your wealth... or generate even more.
Buying a house is more than just trading money for a deed. Between choosing your real estate agent and lender, picking the right neighborhood, and choosing the house itself, you're suddenly making more decisions than you ever thought possible. All this while trying to keep a level head for what may be the biggest purchase of your life!
Plus, no matter how desperately you want to escape the renter's cycle, buying a house isn't always a good investment. Your home can destroy your wealth and freedom or generate the same-and this book will show you how to make a decision that gives you the most financial flexibility possible.
Scott Trench and Mindy Jensen of the BiggerPockets Money Podcast have been buying and selling houses for a collective thirty years. In First-Time Home Buyer, they'll give you a comprehensive overview of the home-buying process so you can consider all of your options and avoid pitfalls while jumping into the big, bad role of homeowner.
In this book, you'll learn: