First-Time Home Buyer

First-Time Home Buyer

The Complete Playbook to Avoiding Rookie Mistakes

Scott Trench, Mindy Jensen

$9.99

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Description

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:

  • How much house can you actually afford (AKA, not the breaking point of your budget)
  • When to buy a house, renting vs. buying, and everything else you should know about the housing market
  • How to get your financial situation in order while preparing for your big purchase
  • Steps you can take (and early decisions you can make) to turn your first home into a future cash-flowing investment
  • Fixer-upper houses and home renovation—are they really worth it?
  • What to look for when buying a house, and what to absolutely avoid
  • How to choose a real estate agent and a lender that have your best interests in mind
  • All the steps to buying a house—from loan pre-approval, to submitting offers, to home inspections, to the closing process, and everything in between!

  • Author

    Scott Trench:
    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.|||Mindy Jensen has been buying and selling homes for more than 20 years. Currently, she’s working on her ninth live-in flip—she buys houses, moves in, makes them beautiful, sells them, and starts the process all over again. She is a licensed real estate agent in Colorado, co-host of the BiggerPockets Money Podcast, and the Community Manager for BiggerPockets.com, where she helps new and experienced investors learn the best ways to invest in real estate to grow their wealth. She currently owns a single-family rental, a short-term rental, a mobile home park, and a co-working space, plus she has taken part in syndications, private lending, and deals that involve seller financing. Mindy is passionate about financial freedom, and she wants to help as many people reach this milestone as possible so they can live their best lives. When you can get her to stop talking about real estate, you can find her on her bike or adventuring in the beautiful mountains of Colorado.

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