businessSep 26, 202417:11pending

7 Things to Ask Yourself Before Buying Your Next Home

Franchising & Real Estate | Second Life Method Podcast FRE | 2LM

About this episode

If you’ve already owned 20 homes and you’ve got apartments and commercial real estate, then you’re beyond this house buying stuff. However, if you, your son or daughter, or someone you care about is seeking to buy a home for the first time and needs to hear what the process of buying a home looks like, go ahead and send this podcast to them, and get them asking themselves these key questions about investing in their first home, or perhaps their next home.

Before you buy your next home 1:20
How much can I afford in monthly housing costs? 2:50
Am I prepared for a long term investment? 5:15
How long to stay in the home 6:50
Stability or flexibility 7:40
Home repairs and maintenance costs 9:15
Financial career and family goals 11:30
Is Home ownership in my neighborhood achievable? 13:00

“House poor, when the majority of your income each month goes to your mortgage payments, and your insurance, and all the expenses associated with owning a home, instead of a more healthy margin which is around 30%.” 3:35

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