The 1st Time Homebuyer Show w/ Gizmo by House Rich

If you've thought about fixing your credit or paying someone to do so stat here. We cover

-Where to get your credit report and how to determining your mortgage specific credit score

-Why you need a budget when fixing your credit

-Categorizing derogatory even in your credit report

-Does freezing bureaus help with credit repair

-High lever overview of disputing items on your credit report

-How to talk to debt collectors

-How to remove inquiries from your credit report

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️

🤠I'm a Realtor in Dallas, TX. If you're looking to move to to the Dallas, TX area or a local looking to buy I'd love to help. I'm Veteran (Go Navy!!) and have helped 100s of Texas (and out of towners) buy homes in my pervious life in the mortgage industry (I'm a guidelines nerd). Reach out to work with me.

⭐If you're looking for a top realtor in your area I can help you with that too. Don't hesitate to reach out👇

📧[email protected]

👨🏽‍💻Schedule a call.

🤠In the DFW market- https://calendly.com/houserich/dfw

🤝 National Referral Concierge Service (realtor, movers, etc.)- https://calendly.com/houserich/referral

🏡World's Best Home Buying Tips: https://www.youtube.com/@Homebuyingtips

⭐Dallas Centric YouTube page: https://www.youtube.com/@WhatsDallasLike

🎙️My Podcast. Homebuying tips on the go: https://www.houserichshow.com/

👩🏽‍💻My FB group to contact with other 1st time homebuyers https://www.facebook.com/groups/fthbschool

👨🏽‍🏫I do live home buyer educations training here every Tues at 8pm Est

📚 New to the page? Start here for 2023 mortgage guidelines https://youtube.com/playlist?list=PLjFvxi72ii9j_J6dfqhvExAhE5lF5otgx

David Ball Dallas Texas Real Estate Agent | Texas Real Estate License: 800326

📽️📺📹🎥

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

In this episode we discuss the "gridlock" between homebuyer and seller in the housing market due to todays high mortgage rates. We discuss why this benefits new home builders, how the rates impact the average home owner and what's next for the housing market.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️

🤠I'm a Realtor in Dallas, TX. If you're looking to move to to the Dallas, TX area or a local looking to buy I'd love to help. I'm Veteran (Go Navy!!) and have helped 100s of Texas (and out of towners) buy homes in my pervious life in the mortgage industry (I'm a guidelines nerd). Reach out to work with me.

⭐If you're looking for a top realtor in your area I can help you with that too. Don't hesitate to reach out👇

📧 [email protected]

👨🏽‍💻Schedule a call.

🤠In the DFW market- https://calendly.com/houserich/dfw

🤝 National Referral Concierge Service (realtor, movers, etc.)- https://calendly.com/houserich/referral

🏡World's Best Home Buying Tips: https://www.youtube.com/@Homebuyingtips

⭐Dallas Centric YouTube page: https://www.youtube.com/@WhatsDallasLike

🎙️My Podcast. Homebuying tips on the go: https://www.houserichshow.com/

👩🏽‍💻My FB group to contact with other 1st time homebuyers https://www.facebook.com/groups/fthbschool

👨🏽‍🏫I do live home buyer educations training here every Tues at 8pm Est

📚 New to the page? Start here for 2023 mortgage guidelines https://youtube.com/playlist?list=PLjFvxi72ii9j_J6dfqhvExAhE5lF5otgx

David Ball Dallas Texas Real Estate Agent | Texas Real Estate License: 800326

📽️📺📹🎥

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

In this episode I breakdown what lead to corporations jumping to the residential housing market, the 5 biggest corporate purchasers of residential homes, where corporations are buying the most residential homes and the cities where rental prices have gone the most.

The single-family rental industry got its start with government backing in the fallout after the 2008 financial crisis. “It was that rare opportunity that attracted the institutions to build a portfolio out of these foreclosed properties,” said Steven Xiao, an assistant professor of finance and managerial economics at the University of Texas at Dallas.

Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent and Invitation Homes have each bought thousands of homes. They’ve also added to the housing supply in some cases with built-for-rent communities.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

Renowned minister and author Bishop T.D. Jakes wants to help close that gap. He launched a new initiative pooling together his wealth and resources to make the dream of homeownership a reality for more of us.

In this episode i discuss the African American home ownership which hasn't changes much since 1968, the community TD Jakes is building next to Tyler Perry Studios, the community mix and job and credit recourses TD Jakes in bring to the community.

T.D. Jakes Real Estate Ventures, LLC. (TDJ REV) aims to make housing more attainable for the Black community. His interest in real estate came from watching his mother, Odith, invest in real estate in his home state of West Virginia. From that moment on, housing affordability and accessibility has been on his radar.

https://www.theroot.com/t-d-jakes-wanted-more-black-folks-to-be-home-owners-s-1850150282

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

The Biden-Harris Administration announced an action that will save homebuyers and homeowners with new FHA-insured mortgages an average of $800 per year, lowering housing costs for an estimated 850,000 homebuyers and homeowners in 2023. I'm going to breakdown the math behind this move and if it should result in you actually changing your decision to buy a home in 2023.

Vice President Harris and Department of Housing and Urban Development (HUD) Secretary Fudge will travel to Bowie, Maryland, today to announce that HUD, through the Federal Housing Administration (FHA), will reduce its annual mortgage insurance premium by 0.30 percentage points, from 0.85% to 0.55% for most new borrowers. The mortgage insurance premium is the monthly fee that homeowners with FHA-insured mortgages pay to insure their mortgages, which they pay on top of their monthly principal and interest payments.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

I cover 7 FHA facts most realtors and lenders don't know. Some of the items we cover are

-The real FHA loan down payment

-How to have multiple FHA loans

-The amendatory clause

-FHA self sufficiency test

-The special DTI requirements for community property states

-The appraisal timeline requirements

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

A DSCR loan is underwritten based on property-level cash flow, rather than personal income. DSCR or Debt-Service Coverage ratio is a tool to help lenders understand a borrower's ability to pay back a loan based on the monthly rental income of the property. DSCR is a simplified way to measure cash flow and is calculated by dividing the monthly rent by the monthly principal and interest payments, taxes, insurance, and association dues (PITIA). ratio is a tool to help lenders understand a borrower's ability to pay back a loan based on the monthly rental income of the property.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

I review Rachel Cruze of Dave Ramsey's Solutions Tips for First-Time Home Buyers. She covers items such as:

*Being debt free before buying a home (shocker right)

*Affordability v what you can qualify for when buying a home

*The best loan types for 1st time homebuyers (I disagree whole heartedly with this)

*Budgeting for down payment on a home (she makes a common mistake most make)

*Talking to a lender or realtor first (I like this)

*Get clear on needs versus wants (my favorite one)

https://www.ramseysolutions.com/real-estate/tips-for-first-time-home-buyers

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

In this episode I discuss how to get 12 units in 12 months by house hacking using the FHA underwriting guidelines in your favor. I also discuss the FHA self-sufficiency test and what an underwriter looks for when determining if a multi-family home can be your primary residence.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

We discuss what 1st time and multiple home buyers thought about their decision to buy a home in 2020 and 2021 during what some are calling the housing bubble. We cover topics such as..

* How did the housing market impact your home-buying experience?

* What percent did you pay over asking price when buying a home?

* What was the purchase price of your home?

* How many offers did you make before yours was accepted?

* Did you make a sight-unseen offer on a house?

* How long did you search for a home before your offer was accepted?

* What were your home-buying priorities, and did you compromise them to own a home?

* What regrets do you have about your home-buying experience?

* How could you afford to buy your home with cash?

* How much of a down payment did you put on a home?

* What made the home-buying process harder than expected?

* How did the home-buying process make you feel?

* What made the home-buying process easier than expected?

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

https://anytimeestimate.com/research/american-home-buyers-2022/