BUY Your First PROPERTY - 8 Essential Steps

In today's video, we will talk about 8 Essential Steps to Follow to Buy Your First Property: how to qualify to buy your first property, how is the process, and everything you need to know when investing for the first time in a property. What are you waiting to start investing? Happy learning!

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⏰ TIMESTAMPS
0:00 BUY Your First PROPERTY - 8 Essential Steps
0:56 What do first time home buyers need?
1:25 Get your taxes in order
3:02 Be aware of your budget
3:32 See if you qualify for a first-time homebuyer program
4:27 How much do you need to buy a house?
6:42 Work on your credit score
7:39 Get a copy of your credit report
8:26 How do I choose the best bank for me?
9:32 Select the correct bank for you
9:54 What is a pre-approval letter?
11:19 Look at houses according to your budget

📄 DISCLAIMER
***DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION***

#BuyYourFirstProperty #8EssentialStepsForInvestment #RealEstateInvestment

[YeslinMyPerfectSkin]

Omg thank you very much...!!! Your videos are very helpful and educative! I am so glad i found your channel...

[neilaltschuler]

Thank you. Im new to all of this and plan to try and buy vacation rentals to support my wife and I and buy my own house. Cash flow needed plus a strategy. Thank you

[bardavidi]

Well outlined Process is essential If you are serious about Purchasing and not just Looking around for Fun like most people am a Realtor and always run in to those that are not well Informed about the Critical steps they have to go

[Chezzo]

Your intelligent, wise and easy to understand New York is blessed with you information leads to elevation 🌹☝🏾

[ruthgavino]

Excellent video! Now i know what to do to buy my first home.

[peraltag]

As always great tips and valuable content. Keep those videos coming!!! 💪💪💪

[gmoney]

Nice Video. Imperative information for First Time Home Buyers.

[innesmpy]

I’ve been watching your videos, learn every day thanks you I’m interested about Realstate investment had a question how to buy a rental property for the first time

[RayBoomBoomRoom]

Down payment with a conventional is 3% which is less than the fha.

[ppraish]

Your advice is really helpful. I did the other way round years ago. Thank you! 🙂

[justinmeador]

This video was very helpful! Very informative! Loved it! Keep up the great work. 👍🏽

[janz]

Hi, am new to your Channel and loving every bit of it. I am interested in real estate, and your Channel provides a wealth of informations that I can use to my advantage. Awesome job, thank you so much.

[go-goakins]

Your videos are very instrumental! Your channel is awesome & you look very nice in red!♦️🙌

[boxingthegreat]

1st HEY NOVA RISE RALEIGH NC CHECKING IN. HERE 4 THE KNOWLEDGE AS ALWAYS. 😁😁

[gmx]

The banks will say, " we use different scores" from different companies.

[neilaltschuler]

Does a lot of cash in the bank help with loans? Can I negotiate putting a lot of cash in the same bank I want to loan with?

[seanbrownsociety]

Aren't the pre-approval letters only good for about 90 days? So I'd have to close on a house within that time frame? And if not, take another hard credit pull hit by getting pre-approved again?

[TRMNATORZ]

Hi, so I spoke with a rep from my credit union, and they told me because of the amount I make, which is least than 30, 000 a year a bank wouldn’t look my way because the pmi alone would be too much for me to pay for. Could you possibly clarify what other options I may have?

[OscarLopez-sxij]

I may be wrong but I thought certain lenders didn’t accept gifts (borrowing $$ from a family member) and want to see that 20% having been a certain amount of time in your possession. We are closing on a investment property and they are asking us to justify EVERYTHING. They saw a $1200 deposit and we had to prove it was the stimulus check we received. I couldn’t only imagine having to explain/prove a family loan of $20-25k.

[TomAnderson_]

Can anyone advise on how to buy a second property with less than 20%?