House Hunting Hacks for the First Time Home Buyer

Episode #783
Buying your first home is a BIG decision. But you don’t need to go into it blind. In part one of this home buying hacks series, we chat with Chris Hutchins from All the Hacks on why buying a house helps you build wealth, how to find a real estate agent that’ll work for you (for free!), and what you MUST look for when searching for your first (or next) home. If you’re a rookie real estate investor or first-time home buyer, this is the place to start!
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Expand Your Investing Knowledge With the BiggerPockets Books:
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Find an Investor-Friendly Agent in Your Area:
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Find Investor-Friendly Lenders:
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Past BiggerPockets Podcast Episodes Mentioned:
How to Start with $10K: www.biggerpockets.com/blog/re...
House Hacking: www.biggerpockets.com/blog/re...
Tax Benefits: www.biggerpockets.com/blog/re...
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Hear Chris on The "BiggerPockets Money" Podcast:
www.biggerpockets.com/blog/mo...
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“All the Hacks” Episodes Mentioned:
Insurance: www.allthehacks.com/insurance...
Net Fulfillment Over Net Worth: www.allthehacks.com/die-with-...
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Tune Into the “All the Hacks” Podcast:
www.allthehacks.com/follow/
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Instagram: / robuilt
TikTok: / robuilto
Twitter: / robuiltchannel
KZbin: / robuilt
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Connect with David and Rob on BiggerPockets:
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Rob: www.biggerpockets.com/users/r...
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Follow David and BiggerPockets on Instagram:
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Show notes at: www.biggerpockets.com/blog/re...
00:00 Intro
02:18 Quick Tip
02:40 Why Buy?
10:33 Only Use THESE Agents
21:02 One HUGE Advantage
22:18 Negotiating

[@FastwayIndustries]

Can you guys make a video on renting out you first property? Like the process of setting up everything?

[@isaiahpedraza66]

Indeed that would be nice to see

[@fishing_since_borncayden362]

Need this !

[@donaldlee6760]

As a homeowner for 10 years and about to become an empty nester, I'm really excited to check this series out in order to buy my next primary in order to fix up and add value.

[@strawberryman4868]

Curious if you guys could do a video on the rent leases that are created when you get new tenants or your first tenants. Really just looking for a dummy guide to leases.

[@FastwayIndustries]

Same dude i really wanna see this

[@sexweightsproteinshakes]

Bigger pickets has leases that you can edit and use as your own . That's what I did. Also i had my moms boss give me a old one he used to use when he was in real estate . . As you go change things more suited to you .

[@malnew1]

Needed this 🔥

[@daichiDom]

Yesss first comment lets goo

[@deecee2174]

David, I like you and you got alot of good advice, but youre wrong about not being able to buy stocks at less than "market" value... You're confusing market value with the true value of the stock ie book value The price to book ratio is a key strategy for my stock portfolio, you can run the numbers and compare the market value of the stock to the book value... Im buying a stock thats market value is worth 9.35 a stock and has a book value of 14 a stock, there are undervalued stocks on the market....

[@sexweightsproteinshakes]

The market price is the price. Period there's no book value . Unless you're referring to a certain ratio to add the value together . That's still arbitrary and not true in the moment . The value is the now . There's no one selling a stock for a discount or a increase in value unless everyone else is. Unless you're gifted a stock

[@deecee2174]

​​​​@@sexweightsproteinshakesThere is a book value per share... The formula to a stocks book value is when you take the total assets, minus the intangible assets and liabilities, and divide it by the number of shares that are outstanding... And I'm not talking about "adding ratios" either, whatever that means (a ratio is an equation that is used to compare two variables as a fraction, you dont add ratios...) And yes the market value may be "now" and it's the price to pay today, and you may not pay less than the market value ie. If the stock is 10$ today you can't pay 9... but the market value doesn't accurately reflect what the actual stock is worth and if the stock is overvalued or undervalued... most stocks are overvalued but still

[@deecee2174]

​​​@@sexweightsproteinshakesBasically David is confusing the market value as the true value of the stock. The market value is how much the market is willing to pay for it, the book value is how much the company values the stock The market value is arbitrary, yes. The book value is not and that's a key perspective in stocks and what the stock truly is valued at

[@deecee2174]

Google "what is a discount stock" It'll tell you it's a stock thats market value sells for less than the par value, which means the value from the companies charter, which is a fancy term for book value.

[@alipainting]

The fed raised rates because of the inflation, caused by the labor shortage, (and rising pay), caused by people being able to quit fulltime work, due to renting rooms 😅. Oh but that causes high house pricing, - which is inflationary. Oops.