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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!