How Much Do I Need For A Down Payment - First Time Home Buyer

When you want to start investing in Real Estate, a question you'll ask is how much you need for a down payment. There are three types of down payments I talk about, and I run you through a few scenarios so you understand the math.

Whether you are a first time home buyer, or if your buying an investment property. It's important to put the right amount down, even if a bank will allow a lesser amount, so that you are protected against the risk of a market collapse.

Watch and Enjoy!
Kris Krohn & Nate Woodbury

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Video by Nate Woodbury (The Hero Maker)

[JonathanDaniel]

Your “I retired at 26” video has changed my view on life soooo much dude. You’re the man

[sasquatchhunter]

$100, 000 in California gets you a tiny dirt lot in the ghetto 😕

[huhjalapeno]

This is great they need a class that teaches this stuff that would be mandatory in school

[MissJMuse]

He reminds me of Triple H 😂 But thank you for the video! We’re in the process of buying our first home so this helps!!

[OG_DSM]

Lookin 2 buy my 1st house soon. I'm Glad I saw this video... Clears the road ahead a bit.

[genjimccorkle]

Where in America do they sell $150, 000 homes? I had to check what year this video was made...But I get the point.

[xxkingxdijonxx]

Thank you. Up late night trying to gain more knowledge on buying my first home.

[DCDeAKz]

Love the videos man. I bought my first place 2 years ago and am in the process in getting my second mortgage with my partner. We are 23 years old. You should do a video on other options of getting a mortgage other than through banks. Private Mortgage companies, brokers etc. Thats what we might consider since banks are sometimes hesitant on giving second mortgages. Keep it up man!

[kevinthomas]

100k in Toronto wont get you a backyard shed

[HayesChad]

I just stumbled on the idea that you can start off buying your owner occupied property with a low down payment, wait a while to then buy another owner occupied low down payment and begin your investment career with your first property. You also make a good point tho with putting a bigger down payment creates more security! LOVE IT

[MrLewisjr]

I’m not adulting right. I have no idea what he is talking about smh

[yeabuddy]

Another awesome vid! Can you do a video about mortgages and what you recommend between 10, 15, and 30 years and why?

[Athens-cmfn]

I love this guys video I just bought my first house thank you!!

[Reddd]

How do i find homes with equity? How do i know how much equity a house has? Will the agent tell me, or will i have to get the house appraised to even find out?... But if i'm looking at tons of houses online, and all i see are the asking price, where can i find out how much that house is actually worth? (obviously i would want to know if there is any equity at all before i hire an appraiser to come out and do his thing) So basically, how do i know which houses should have equity in them?

Sorry if those questions sound stupid, i'm just trying to learn.

[bobbyganas]

why would someone only put 3% down? you'll be paying a lot more interest in the long run.

[jonathandonatien]

Video was very clear, I myself is looking into purchasing my first home in N.C.

[Lordincubus]

But if you are a First Time Home Buyer and you put down 3% for your own Personal home, won't you pay PMI? If you are paying PMI isn't that worse? Is there a way to avoid PMI and not putting 20% down?

[lilak]

Kris, I love your video it is easy to understand especially for 1st time buyer

[setsukoosbourn]

I'm using *First Million Road* since 2017 for good profits

[timmyoltool]

How much to u suggest to start in the real estate business boss?or do u have any advice for someone that is interested in real estate