Podcast

Ep. 22 – How To Financially Prepare To Buy Your First Home – Part IV

HBH 22 | Funding Your Home Purchase

Get financially prepared to buy your first home. David Sidoni, your How to Buy a Home Guy, goes heavy into diversifying your retirement portfolio to finance your future. No, your home is not to be looked at as an investment like a day trader, but yes, you can use it to stabilize your long-term wealth. If you’re bored reading this, maybe this episode isn’t for you, but this is vegetables for your ears. Learn a great deal of very important information on funding your first home purchase from a guy who has seen it all.

How To Financially Prepare To Buy Your First Home – Part IV

Going Deep On Using Your 401(k) and IRAs To Fund Your First Home Purchase

This is part four of what’s turning out to be a five-part series on How to Financially Prepare to Buy Your First Home. I’m excited about doing part four of five. Earlier in 2019, I changed everything that I’m doing in my business to help you, the first-time buyers, all over North America. I’d love to help people all over the globe, but I don’t know your laws. Fortunately though, a lot of this is stuff that will translate to you no matter where you are on our entire planet. Some of these principles will be able to help you wherever you are.

This is part four of what I thought was going to be the final chapter in financial preparedness, but it looks like we’re going to go deep. As I’ve got putting things down on paper a little bit here for part four, I realized some of this stuff was deep. I’m going to split up the last few pieces. We’re going to do part four and a part five moving forward. This is everything that you need to know to get you started on the most important aspects, the money part of buying your home. If you’re out there and you’re thinking about buying a home, I’m guessing that’s why you found this show. I want you to know that wherever you are, I understand. I’ve been doing this for people for a long time. I wish that I had been able to be there for my 22-year-old self, to talk to me and being able to explain this stuff to me.

You see yourself in your dream home someday and maybe looking at that, you’re perplexed, you’re confused. Maybe you’re even terrified about the entire process. No worries. You are not the only one. Rent sucks and it keeps going up and up. It feels daunting. It feels like you’re never going to be able to beat the system. It’s too high and it won’t go away. Where do you get the money to live like the true baller that you know you are? Lots of people feel like you or they have felt like you and they’ve moved on and they’re in the next chapter. I’ve personally helped 81 first-time buyers as of 2019 and that’s just the people I’ve helped personally. Thanks to this show, there are dozens and dozens of people all over the country who’ve had help. In fact, I got to interview one of them. You’re going to hear from Jacqueline in a few more episodes and Chris. Jacqueline and Chris got home in Denver by reading this blog and being able to find a badass unicorn agent to help them reach the American dream.

We’ve helped people discover the magic path to that happy ending of homeownership and now we’d like to do it for you too. I know that right now you might feel like Luke Skywalker or Rey, the Star Wars people before they found the Force. Maybe you feel like Ironman before you figured out how to build that suit or Harry Potter before you got to Hogwarts. I get it. Right now, get ready. Be sure to follow along with us and you’re going to be able to grab your lightsaber. You’re going to suit up or you’re going to grab your magic wand while you go through puberty and the entire world watches. I am not quite as cool as it sounds, but welcome to the magical world of Harry Potter.

Your home is going to be your greatest appreciating asset, not your Instagram account. Click To Tweet

As you read this blog, just take it all in. Enjoy, understand, learn, educate and get ready to move forward. Let’s get back to step four in financial preparedness to buy your first house. If you’re joining us for the first time, you’re weird because this specifically says this is step four. Go back three episodes and start at step one. It’s pretty simple to figure out. For those of you who have been here before, we’re going to keep moving on. I’m not going to do moving metaphors the whole time for you, although that was fun. That would be a sweet idea for an episode moving forward.

This is to help you if you’re in phase one well before you’re trying to figure out how to buy a home, but you’re trying to get ready for it. Phase two is someone who’s maybe twelve months away, your last lease is signed. Phase three is for someone who’s trying to buy a house right now and reached out for this blog because you’re frustrated with the whole process. This is about the most important part of helping you buy a home. It’s all about your money. That’s your cheddar, your cash, your skrilly, your Benjamins, your paper and your duckets. How many more slang terms can I use? Your dinero, rubles or pounds if you’re from England. If you are new, go ahead and start back at episode nineteen.

A Little Recap

Let’s do a recap of the steps we’ve done so far and we’re going to get right into our final few steps here in step four and then step five is where we’re going to wrap it up. Number one is save your money. I’m just going to do a little recap on this because it’s important. How do you eat an elephant? One bite at a time. If you’re a complete phase oner, maybe you’re way pre-phase one and you’re reading this to see what lies or in store for you in the next few years from now, in which case you’re a total masochist and you’re weird. If you’re sitting there with zero saved, tons of debt and you’re trying to figure out how saving tens of thousands of dollars is even possible. It seems massively overwhelming. Don’t worry, people have done it.

In 2018, 1.76 million people bought their first home in America and that was only 33%, which is a little lower than our average over the last many years. Remember, none of those people who bought a house in 2018 started saving in 2018. They all started well before that. If you’re an early phase oner, good job, keep reading. Some of this stuff might be further down the road for you. Keep saving, keep reading and learn it. Number two is apps. Use those apps and keep a budget in your pocket. Number three is start an emergency fund. Rainy days will happen. Be ready for it. Number four is credit. Check your credit, fix your credit and learn the tricks to help increase and grow your score.

HBH 22 | Funding Your Home Purchase
Funding Your Home Purchase: If your job sucks and your salary sucks, change jobs. Money is money.

Number five is change your interest rates. This is a weird one. This is something that’s important. If you’ve got credit and you’re growing your credit, those people are excited to hear from you. Change your interest rates, change your available credit. Call them. Ask for more credit, the lower rate, you could be surprised at the results. Number six is use those money chunks wisely. Number seven is house hacks. This is a big thing. It’s something that a lot of Millennials and new people are doing. It’s not important, but it’s a cool thing that you can do. Qualify yourself for a big payment and do what you know. Pay for half of that mortgage by having roommates in the house or even better, look into buying a duplex. Number eight and this one’s harsh. If your job sucks, income sucks, salary sucks, change jobs. I wish I could be more sunshine, rainbows, unicorns and lollipops, but money is money.

Number nine is pick up a second job. This is an interesting thing. I was talking to my wife about this. Look at worst, you get double the plus-minus, understand and know what that means. Let’s say on the weekend you go out and you spend money. If you get a second job, now not only do you not spend money, the minus, but you make some money too. The plus, so that’s a plus-minus. I don’t know how that works for your happiness but find the balance. Number ten is side hustles. Work them. Number eleven is sell your stuff. You’ve got too much crap. Sell it. Put money in your bank account instead of stuff sitting there in your garage or your closet.

Number twelve is reevaluate your transportation. Go green to make some green. Number thirteen is be very careful about the big expenses. Don’t go nuts. Number fourteen is watch your small expenses. Track them seriously. Keep something in your pocket. If you’re old school, keep a notebook, track it. You’ll be amazed at what you figure out. Number fifteen is live on one income. I like to say find a sugar daddy or sugar mama or be that sugar daddy and sugar mama.

Using Your 401(k)

We’re going to move on to a couple of steps here before we get into the big finish. More advanced stuff is moving forward. In this show, we’re trying to help you get over the hump and be able to figure out, no matter where you are on this process that this works for you. Some of you are early in the process and some of you are later. These few concepts I’m going to be going through, some of them are pretty in-depth and I think you guys can hang with it. This is a conversation I’ve had with numerous first-time buyers over the years. Everybody is precious about their 401(k) and you should be. I’ve mentioned in earlier episodes about finances that our savings as a country as a whole are way down. Saving for your future is important. I’m going to break that a little bit right now with this, your 401(k) and your other retirement vehicles, you can use those to help you with the purchase of your house.

The mortgage interest tax deduction is the absolute greatest invention since sliced bread, the smartphone and Netflix. Click To Tweet

You can lower your contributions or straight up use these retirement vehicles to finance your purchase. Whose butt cheeks clenched up a little bit because your grandparents or your parents would freak out if you ever touched your 401(k) before you’re 65. I hear from you. I don’t want you to think that I’m saying this is for everybody, but this is an option. You can’t move forward unless you know all your options. Times have changed with the way that we’re making money and saving money. That means your thinking needs to change as well. This is for phase two and the phase three-ers. If you’re a phase one person, go ahead and double up on your dishes or your workout or whatever you’re doing. This will be the first time you see this. You can dig into this as you get closer to buying the house.

If you’re concerned because you think that messing with your retirement is messing with your future, think of it this way. Let me ask you a question. When was the last time that you actively pulled your retirement savings in the last few years and you looked at its overall performance? Let me ask you another question. Does that sentence even make sense to you? If you’re a phase oner, maybe not, have you considered what your next piece of the puzzle is going to be? If you’ve looked at it if you’ve broken it down and you’ve seen where your retirement is going, what’s the next piece of the puzzle because you can’t have one anymore? We’re a different society now. If you’re hanging on thinking Social Security is going to take care of you, I don’t care what your politics are, you’re in trouble.

Moving on, does the thought of thinking about this a little bit intensely make your brain hurt a little bit? You’re like, “Leave me alone. I’m going to live my life and have all my experiences.” I’ve been there. I’ve mentioned it before. This is a lifetime number three for me, moving forward. YOLO all you want, go for it but realize retirement is a part of your future and understanding how you can use it to buy a house is important. Don’t feel discouraged or uneducated or generally clueless about #adulting, moving forward. Ask yourself honestly, are you planning for your retirement at all? If you are, are you planning with a savings program that someone told you this is the smart thing to do?

Did you do that without researching how this works and how it fits into your overall current goals and more importantly, your long-term goals? I know, it got heavy. Hang with me. Saving for your future is a no brainer. It’s not an easy app. It’s not a tap here and you can do it. As an overall concept, it’s a no brainer but you can’t do it like getting an Uber or a rental car or food with DoorDash or a pair of wireless headphones that you’re buying off the internet. This is a big deal. This is your future. It’s the same thing with buying a house. It’s time for you to man or woman up and it takes more than five minutes. Tap on an app and figuring out exactly what you’ve got to do.

HBH 22 | Funding Your Home Purchase
Funding Your Home Purchase: Start seeing your home as a long play, not a short-term investment.

You can’t read a BuzzFeed headline on your feed or you can’t read half an article and go, “I got it. I’m cool in the future.” You’re not. Take some time. You’ve got to read the entire book before you take the final exam that’s called your life. How many of you out there hate me right now? How many of you tuned out because I’m talking about finances this heavy? I do this for you because I care about your future. Luke would not have gotten anywhere against the Empire without Yoda especially because Mark Hamill was basically a “nobody” actor in the 1970s plucked from obscurity. Had it not been for the amazing story combined with fantastic special effects, he would have been another feather haired, horrible actor. You don’t believe me? Ask my wife, she saw Star Wars and said, “This guy sucks.” It’s crazy.

It’s time for you to listen to Yoda. That’s me, the short little green dude. Get ready, lift your rocks, feel the Force flowing through you and know this conversation is for future home buyers and beyond. We talked about this before, be ready. We’re going to get into some serious stuff with your retirement. Savings are down, debts have risen and you went out there and got student loans. Incomes have flattened. The question is when you’re thinking about your retirement, are you diversified for your future? What’s your greatest asset going to be? If you analyze everything you’ve got, for many of you, the answer is your greatest asset is probably going to be your home, maybe even greater than that retirement fund that you have been funding for many years. If you’re following this line of discussion so far, here’s a thought.

Your home is going to be your greatest appreciating asset, not your Instagram account. Deal with it. Monthly, how much money do you put away versus how much money do you put into your housing? Think about that. How much money goes into your 401(k) versus how much do you pay for your rent? A home is an asset that you get to live in. It’s a forced saving. It’s an extra retirement account and consider this. Do you think that someday when you’re old and gray, you may use your home to fund your final chapter, your retirement home or maybe your kid’s future? Most of us think that.

It’s time to get into the nitty-gritty. It’s time to start seeing your home as a long play, not a short-term investment. The way you should be looking at your 401(k) and your other retirement vehicles. If you’ve digested that piece, the important long-term diversification financial strategy, keep reading and look at it this way. It’s important to save for your retirement. If your 401(k) is getting matching contributions from your employer, it makes sense to continue contributing because it’s free. It’s a free doubling of your money. That’s what the matching is. That’s awesome. If you’re still decades from retirement, maybe you should think about lowering those contributions and put the extra money towards a savings account that can be used for a future down payment.

You can use the money you've been saving for your future to buy your future. Use it now. Click To Tweet

That means you can stop renting earlier, which in the long-term saves you money and it will make you more money. Even then a doubled free matching with your 401(k) because you’re going to get tax benefits and the appreciation of a home. If that made no sense to you, read it again. Renting is a lost monthly payment so buy the house, start a diversified solution where you’re putting money into the house and your 401(k). You can go back and you can continue to increase and continue to pay that 401(k) with those matched contributions. Why would you do that or how? Here we go. Get ready because it’s time for advanced math thinking.

It’s too much for me to explain how each and every one of you individually can make the exact equation that works for you. I can’t do your own spreadsheet. Here’s the basic scenario that I’m going to give all my first-time buyers. You should digest this and see if it’s right for you. This equation is different for everybody, but I’ll give you some general stuff. While you are putting your savings into your 401(k) and you’re renting, that means that you have a large part going to rent and some to the 401(k). What you can do is put some into that 401(k) and you can finance your future by putting that large monthly payment into a house payment. You can still continue to contribute to your 401(k) and you’ll also be adding to a different investment, a diversified investment.

What that’s going to mean for you is you’re going to be building up a savings account by reducing the contributions that you do regularly into your 401(k). You have to understand the reasons why you do that, feel good about it and understand this as a long-term play. For my math challenge, go ahead and create your own individual equation that highlights your financial future. First, you’ve got the money that you put into a matched 401(k) versus the money that you spend or throw away on your rent. That’s part one.

You can calculate the money spent on your rent comparing to starting a mortgage, which is going to be stable and will never go up. I’m going to say that again. Are you angry because your rent goes up? Mortgages don’t. It’s called a 30-year fix. That’s the cool part about it. You’re going to be putting money into a historically conservative and appreciating asset. If that doesn’t get you excited, wait a couple of years, I guarantee you it will. In other words, you’re not going to be throwing your money away. You are adulting. Congratulations.

HBH 22 | Funding Your Home Purchase
Funding Your Home Purchase: Homeowners are 45 times wealthier than renters.

Keep in mind your rent is nothing but a roof for a month while your mortgage is an appreciating asset. That is like your 401(k) or your Roth IRA or your IRA. If you split it up, you’re adulating times two, good for you. It’s the same concept split in two except you can look at part one of that on a spreadsheet, on a computer and you can sleep in part two. If that’s still not enough math for you, I’ve got more. I have not even talked to you guys about the tax benefits. The mortgage interest tax deduction is the absolute greatest invention since sliced bread, the smartphone and Netflix. It saves you a big wad of cash every single year or monthly if you decide to spread it out. That is the holy grail of rent versus buy. Should I rent or should I buy?

Once you figure out that mortgage interest tax deduction, you’ll figure out that you can have $300, $400 or $500 extra every single month by owning a house. It’s a big deal. I’m going to do a whole other episode on it. Finally, last little piece on the 401(k). If you’re still squeamish about touching your 401(k) and jeopardizing your future, the rent always goes up. Our mortgage is fixed. It never moves. Housing is pretty much always going to be your biggest monthly expense. Does it make more sense to try to save up while your biggest expense, your rent is always going up or nip it in the bud and get into being a homeowner as opposed to a renter?

Who’s confused? Who’s thrown their smartphone against a wall and wants to kill me? Good, because there is no easy way to do this. I am very adamant about this. You can’t figure out how to buy a house with five best tips. You can’t click on a YouTube. You can’t decide this in a moment. You’re here, which means you’ve been reading. Keep reading. Keep digging because each and every one of you out there has a different financial place that you’re in. You’ve got to figure out how to find a unicorn realtor pro, someone who understands all that I said. What does that all mean? Get out there and get one.

As of 2019, the real estate industry sucks and they’re not helping you out. There are unicorn pro agents out there. You may only have them for a few more years until they figure out how to do this with the internet and screw you in a whole new way. You’ve got a way to beat the system. Go back to the episode I have on interviewing an agent or if you’d like to, please check in with me. We’ve got over twenty people all over the country that are working with agents that I’ve been able to hook them up with their unicorn agents.

Knowledge is the greatest weapon you can have against fear. If you know how to disarm anything, your fear is gone. Click To Tweet

This is my mission. I want to find an advocate for you. I do this podcast. I sell homes here in Southern California. Most of you don’t live here, but I might be able to help you find a unicorn in your area so you can get on the right path. This is important. Jacqueline and Christopher in Denver, I had an interview with them. They’re our first closing. How to buy a home, starting the revolution, power of the people. If you’ve got questions, contact me. I happen to know some good people around the area and we’re building the unicorn network. I’m not quite sure. I’m going to get all the good agents by telling them that I’m calling it the unicorn network. If they don’t get that, maybe they shouldn’t be here. Deal with it.

This is for you. You deserve it. Let’s get back in more math gobbledygook. Your 401(k) is set up to fund your future and for most of you, your house is too. Don’t be afraid to fund your retirement a little bit less while you’re funding your down payment savings account at the same time, because eventually both those pieces are going to be your future. We’re going to move onto the second way to use your 401(k) or your Roth or your other IRA. This piece is just for your 401(k). I’ve done this several times with first-time buyers. Did you know that many money managers allow 50% of your 401(k) or at a max of $50,000 to be pulled out any non-taxable event for the purchase of your primary home? First-time buyers and sometimes even second and third-time buyers, you can use the money you’ve been saving for your future to buy your future. Use it now. Everyone freaks out and thinks that if I pull from my 401(k), I’m going to get a big tax hit. They get it. You will not get a tax hit or any penalties if you pull early from your 401(k) or your other retirement vehicle for the purchase of a primary house. They encourage you to do this.

The money managers realize that homeowners are 45 times wealthier than renters. They know that. They encourage you to get out there to buy your home. They let you touch the untouchable 401(k) without penalty. Here’s an analogy or metaphor, I don’t know what you call it. It’s an example that I use with other people’s parents when I’m talking to them about passing on money to their kids. I tell them, “Parents, you’ve worked hard for the money that you’ve earned and your legacy. At this time, you’re looking to pass on some of your hard-earned savings to your kid. Maybe now, maybe someday.” Why would you let your child rent in their 20s and 30s and throw away all that money? Losing the appreciation, the tax benefits, everything a house can be and wait to give them their money later on as inheritance after your grandkids have gone to college.

I encourage parents to loan if they are thinking, “Someday, I’m going to give my kids a big chunk of money.” Why not loan them $10,000, $20,000, $50,000 when they’re in their 20s and 30s and they’ve proved themselves, they’re starting to start a life? You save $25,000 a year in lost rent. You grow that inheritance that you were going to give them in 30 years. You grow it right now in the form of houses that they live in. Most importantly, you can all enjoy. You can live together in that inheritance, have holidays there with your grandkids and watch them grow up. It’s the same concept for you if you’ve got a 401(k). Do it for yourself, borrow money from your own retirement fund. That’s your plan for your own future and don’t fear the loss of future stability.

HBH 22 | Funding Your Home Purchase
Funding Your Home Purchase: The internet is filled with guidelines and best practices. If you research, you’ll get your own piece that you can put together.

You will be contributing to your financial future. In fact, you are securing that. See it for what it is. It’s a current diversification of your retirement funds into a conservative growth asset with modest historical gain that also provides usage. That means that you get to sleep there. Let me break that down for you one more time in layman’s terms. See it for what it is. You’re saving for the future, but now your biggest monthly check, instead of going into a boring old retirement account, it now goes into that and something you get to sleep in. That will over time be worth more money.

Now you’ve got a house that you use every day and you still have your paper assets split in two so you can look at those on the computer screen and sleep in the other one. If you’re still out there and you’re freaking out, you’re skeptical, I’ve got a question for you. Skeptical rich guy who doesn’t want to touch his 401(k), you’ve got a bunch of stocks and bonds. You’ve got gold bullions. You’ve got Bitcoin hidden under your mattress. I don’t think so. If you’re reading this, you’re not hanging out on a pile of cash. You are someone trying to figure out how to beat the system, how to use the greatest financial asset that we have, which is leverage. It means if you’ve got a 401(k) and you don’t have a bunch of other stuff, think about using it. You want to beat the system. Leverage is how you do it. Play it smart.

Understand that you’ve got 50% of your 401(k) tax-free with no penalties. Don’t fear it because conservative old people, they frown on it. It was different. People using their retirement funds in a generation before us, they had it easier. We’ve got to be creative now. The people before us, they didn’t have flat salaries versus the cost of living. They didn’t have outrageous student debt and they didn’t have super low savings rates. This insane housing pricing, you do if you’re reading this. It is what it is. It’s time to adjust and be ready to forge into a new path of financial freedom.

Using Your IRA

Number seventeen, this piggybacks on the 401(k). It’s going to be a lot shorter because I explained pretty much everything that you wanted to know or didn’t want to know about using your retirement to fund your future. Using your IRA, you can do the same thing using your IRA without the 10% early withdrawal penalty if you use the money for a home purchase. At this time, you can use up to $10,000 with no penalty, but you’re still going to be required to pay some taxes on the amount. If you’ve got a Roth IRA and that one’s at least five years old, you can use it to fund a home purchase for yourself without the tax penalty or the early withdrawal penalties. I’m not sure, but I think that’s at $10,000 max as well. Can you believe it?

When you understand something so well, you'll see it as a regular step in your life, not an insurmountable obstacle. Click To Tweet

Part four, we only did two parts, step sixteen and step seventeen. That’s all I can take for now. That means the super important financial prep class of the show became a five-part series officially. Let’s recap one to four. Step one is save money. Step two is apps are bitching. Step three is start an emergency fund. Step four is credit. It is important. Read episode three and eight. Step five is change your current interest rates. Step six is chunk is good. Use those chunks. Step seven is house hacks. Buy the house, keep the roomies or buy a duplex. Step eight is your job sucks. You probably need a new one. Step nine is work a second job. Your FOMO needs a budget. Step ten is side hustles can be fun. Step eleven is one man’s trash is another man’s treasure, sell your crap. Step twelve is reevaluate how you get around. Save money on your travels. Step thirteen is watch the big expenses. Step fourteen is really watch the small expenses. Track it, track it, track it.

Step fifteen is be your sugar daddy or sugar mama, live on one income. Step sixteen is 401(k). Use it. It took me years to realize the power and 81 first-time buyers in, not to mention the people all over the country who are starting to realize how important it is to diversify your future. They get it. This is the Tesseract. It’s a little box of untapped energy, use it. Step seventeen is IRAs. It’s the same track and the same stuff I said about the 401(k)s. You’ve got options. We’re going to do the final three in the next episode. I originally said this was nineteen. I added one more, went up to twenty, not because I care about having a perfect well-rounded list because a lot of you and my clients are always talking to me about PMI.

If you don’t know what that is, tune in. You don’t want to miss the last three and step five of our financial preparedness journey. A lot of you out there has brought more questions than answers and that’s good. This is a big deal. You should be ready to beat the system and you shouldn’t fear your high rent. Knowledge is the greatest weapon you can have against fear. If you know how to disarm anything, your fear is gone. You understand something so well that you’ll see it as a regular step in your life, not this insurmountable obstacle.

If you have questions, email me directly at DavidSidoni.com. I’m talking to anybody out there reading this. In the future, we’re going to have to get a team. We’re going to have to get a whole crew, people talking to you, but right now the revolution is small. There are a list of resources with fancy clickable links on my website. These are some of the places I did some of the research, The Simple Dollar, Money Under 30, Dave Ramsey, USAA, Adam Carroll and the Adam Carroll Mastery of Money Podcast, NerdWallet, TheBalance.com, Listen Money Matters and my boys Joel and Matt on How to Money, the podcast.

I don’t necessarily agree with everything I see out there on all these sites, but research is for you. I gave you the cliff notes. Everyone’s got their own path and you’re all going to be able to find your own information. The internet is filled with guidelines and best practices. It’s not sure-fire, not for everybody. You can guarantee that at least if you research, you’ll get your own piece that you can put together. If you’d like more insights for me on the entire home buying process, not just the money stuff, check me out on Instagram. If you don’t have it, don’t worry about it.

I’ve also got bonus videos there as well as on my YouTube. That’s David Sidoni on YouTube. There’s a How to Buy a Home Facebook page. Come on in. Join us. Say you listen to the podcast and you can be a part of that exclusive fun little club. Don’t let the questions or the fear of homeownership stop you from defeating your insane high rates. Don’t get stuck. It’s your chance to be financially free. You got this. Use that big monthly bill that you pretty much agreed to pay for the next 30 to 80 years. Use it for you. I promise, I’m going to keep giving you the roadmap and the guidance so you can come out of this in the winner circle. I’m going to keep staying up late and doing these for you.

All you’ve got to do to keep the revolution going is please help me out spread the word. Share this show with other people. 1.76 million first-time buyers in 2018, I know there’s more out there that are coming because this is the American dream. Share this show. Be the hero to them. Help them realize that just like you, they’ve got the power. If you’ve got questions and you’re looking for a unicorn, hit me up. Let’s see if we can find that for you. I’m here in Southern California, but if I have a chance to help anybody all over the country, that fills me up and makes me happy. I love being able to help you out. Hit me up.

We got three more steps left on the financial preparedness episode. Number eighteen is I’m going to be talking about student loans. Number nineteen is I’m going to talk about the PMI, that’s your Private Mortgage Insurance. If you don’t know what that means, hang in there because it’s important stuff for you to know. Number twenty is I’m going to be talking about gifts and grants. Those last three are things people ask me about all the time, student loans, PMI and grants for first-time home buyers, freebies, gifts, things to get you in to buy your first house. That’s going to be a good episode.

Remember, if you’re a couple of years out or even a few years out, reach out to me. I’ll help you find a great team in your area to help you out and help you with the planning. Most of the people in the real estate industry, they don’t want to help you. They don’t want to hear from you until you’re minutes away from being able to buy a property. Our network is growing. The revolution is beginning. Let’s see if we can hook you up now and start this journey. It doesn’t matter if you’re 30 days or 30 months away. We’re here to get you planning. Reach out to me because I believe in you. I believe that you should do this. Malcolm Gladwell says that with 10,000 hours in anything, you can become an expert. I’ve got way more than 10,000 hours right now. I’ve got expertise, but what’s more important than the 10,000 hours of learning how to do this is 20,000 hours of realizing that I should’ve done this myself many years ago. I can’t go back in time, but I can talk right here and maybe I can help you. Remember, you can do this.

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This podcast was started for YOU, to demystify things for first time home buyers, and help crush the confusion. After helping first timers for over 13 years, I knew there wasn’t t a lot of clear, tangible, useable information out there on the internet, so I started this podcast. Help me spread the word to other people just like you, dying for answers. Tell your friends, family, and perhaps that random neighbor you REALLY want to move out about How to Buy a Home! A really easy way is to hit the share button and text it to your friends. Go for it, help someone out. And if you’re not already a regular listener, subscribe and get constant updates on the market. If you are a regular and learned something, help me help others – give the show a quick review in Apple Podcasts or wherever you get your podcasts, or write a review on Spotify. Let’s change the way the real estate industry treats you first time buyers, one buyer at a time, starting with you – and make sure your favorite people don’t get screwed by going into this HUGE step blind and confused. Viva la Unicorn Revolution!

 

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I hope you are getting your questions answered about this crazy process. I know there’s not a lot of clear information out there on the internet, so that’s why I started this podcast. To demystify the whole thing and get you first timers the help you deserve!  Help me spread the word to other people just like you, dying for answers. Tell your friends, family, and perhaps that random neighbor you REALLY want to move out about How to Buy a Home! A really easy way is to hit the share button and text it to your friends. Go for it, help someone out.  And if you’re not already a regular listener, please subscribe.  If you are a regular and learned something, help me help others – give the show a quick review in Apple Podcasts or wherever you get your podcasts. Let’s change the way the real estate industry treats you first time buyers one buyer at a time – and make sure your favorite people don’t get screwed by going into this HUGE step blind and confused.  Viva la Unicorn Revolution!

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