03.10.2021 - By BiggerPockets
Starting out as a rookie investor means you most likely have a lot of questions that need to be answered before you dive in and buy your first home! Whether it’s a primary residence, a house hack, or an investment property, you’ll need to know about loans, agents, inspections, and more. With us today is Scott Trench and Mindy Jensen, co-hosts of the BiggerPockets Money Podcast and authors of the new book First-Time Home Buyer.
We’ve rounded up some of the most popular questions asked on the Real Estate Rookie Facebook group and asked the experts their opinions on them. Questions include:
Should I use an agent-referred lender or a mortgage broker?
Is more or less of a down payment better?
Does my agent need to find off-market deals?
How do I shop for loans?
Would you buy an as-is property as your first deal?
And more!
Scott and Mindy have definitive answers to each of the above questions and sprinkle in a bit of their own experience, so you don’t make the mistakes they did. If you’re about to purchase a house, getting into the planning phase, or just starting to learn about real estate investing, make sure you get a copy of First-Time Home Buyer!
In This Episode We Cover
How to find a lender and how to compare the ones you find
How loan applications affect your credit score
Getting inspections on your home and using them for price reductions
Buying an as-is property and what that means for your budget
Running your numbers 3 different ways
Keeping a healthy safety reserve, regardless of if your home is a primary residence or an investment
And So Much More!
Links from the Show
BiggerPockets Money Podcast
Rose Buckley episode
Zillow
realtor.com
BP Insights
Craigslist
BiggerPockets Calculator
BiggerPockets Forums
MLS
HomeReady
Homepossible
USDA Eligibility Map
Redfin
Your 48 point DIY Home Inspection Checklist
Check the full show notes here: https://www.biggerpockets.com/rookie59
Learn more about your ad choices. Visit megaphone.fm/adchoices