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407: Stop Paying Someone Else’s Mortgage: Beginner Steps to Buy Your FIRST Home w/Aaron Mann

407: Stop Paying Someone Else’s Mortgage: Beginner Steps to Buy Your FIRST Home w/Aaron Mann

FromReal Estate Rookie


407: Stop Paying Someone Else’s Mortgage: Beginner Steps to Buy Your FIRST Home w/Aaron Mann

FromReal Estate Rookie

ratings:
Length:
46 minutes
Released:
May 17, 2024
Format:
Podcast episode

Description

Are you tired of paying someone else’s mortgage? Then you’re in the right place. In today’s show, we’re sharing how to buy a home in 2024, even as a complete beginner, as we walk through a rookie’s step-by-step journey to purchasing his first primary residence, which could also become a rental! If you feel like you’re in the same position and want to be the receiver, not the sender, of monthly rent checks, tune in as we walk through how today’s rookie is gearing up to become a first-time homebuyer!

Aaron Mann was tired of renting. After being around real estate investors at his day job, he started to feel like he was missing out. Meanwhile, his wife was reading a slew of BiggerPockets books and told Aaron it was time to look into buying—he agreed! This couple is now beginning their house-hunting journey and has already zeroed in on their strategy, investing area, and what they want to buy. With the help of our own Ashley Kehr in the BiggerPockets Real Estate Rookie Bootcamp, Aaron is set to close on his first home in the near future. Want to get YOUR first rental property or primary residence this year? Tune in and start taking these beginner steps!

Sign up for a BiggerPockets Bootcamp today to get on the path to buying your FIRST or next rental property! 

In This Episode We Cover
How to buy your first home or rental property within the next year!
The “house hacking” strategy that allows you to significantly save on your mortgage payment 
How to save for a down payment and the basics of budgeting for first-time homebuyers
The one program that helps you to find discounted properties in your area
Getting a mortgage and the steps to take to see how much you can afford 
The one zero-percent-down loan that most homebuyers have no idea about 
And So Much More!

(00:00) Intro
(01:26) Deciding to Invest
(07:09) Best Beginner Investing Strategy 
(12:23) Finding Properties 
(13:41) Saving for a Down Payment 
(26:56) Picking a Market 
(29:29) Getting a Mortgage 
(35:04) Join the Rookie Bootcamp!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-407
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com 
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 17, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.