First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes

Everything you need to buy your first home, from initial decisions all the way to the closing table! Outsmart the financial trap of homeownership with advice that can save you a fortune during the purchase timeline and into the future.

No matter how desperately you want to escape the renter's cycle, buying a house isn't always a good investment. Your home can destroy your wealth and freedom or generate the same--and this book will show you how to make a decision that gives you the most financial flexibility possible.

Scott Trench and Mindy Jensen of the BiggerPockets Money Podcast have been buying and selling houses for a collective thirty years. In First-Time Home Buyer, they'll give you a comprehensive overview of the home-buying process so you can consider all of your options and avoid pitfalls while jumping into the big, bad role of homeowner.

PART ONE covers all of the pre-purchase decisions you need to consider before you even start looking for a property:

• Is buying a house a good investment, and what's wrong with the way everyone else does it?
  
  
• How much house can you afford (with a free Rent vs. Buy spreadsheet available for download!)


• Everything you should know about the housing market and appreciation


• Steps you can take to turn your first home into a future cash-flowing investment

PART TWO covers everything you need to do before you buy a home:

• How to choose a real estate agent and a lender that have your best interests in mind


• What to look for when buying a house, and what to absolutely avoid


• How to decide if fixer-upper houses and home renovation are right for you

PART THREE covers the nitty-gritty details of how to buy a house, like how to view properties with an eye for detail, submit offers, survive your home inspection, and everything else from contract to closing!

Don't let the "American Dream" trick you into making a poor life decision. Buy a house with your eyes wide open and outsmart the world's most common financial trap!

Author: Scott Trench, Mindy Jensen
Publisher: Biggerpockets Publishing, LLC
Published: 03/23/2021
Pages: 167
Binding Type: Paperback
Weight: 0.50lbs
Size: 8.90h x 6.00w x 0.60d
ISBN: 9780997584783

About the Author
Trench, Scott: - Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor and broker, and a bestselling author. Through a solid understanding of money management, calculated risks, and a lot of hard work, he created financial freedom for himself as well as a successful real estate business just three years after graduating college. In his breakout personal finance book, Set for Life, he shares his financial expertise so others can repeat his results in just three to five years, giving them the option to go anywhere they want in the world, work any job, start any business, or finish out the journey to financial independence and retire early. Scott currently lives in Denver, Colorado and enjoys skiing, rugby, craft beers, and terrible punny jokes.Jensen, Mindy: - Mindy Jensen has been buying and selling homes for more than twenty years. Currently, she's working on her ninth live-in flip--she buys ugly houses, moves in, makes them beautiful, sells them, and starts the process all over again. She is a licensed real estate agent in Colorado, co-host of the BiggerPockets Money Podcast, author of How to Sell Your Home, and the Community Manager for BiggerPockets.com, where she helps new and experienced investors learn the best real estate investing techniques to build wealth. She currently owns a single-family rental, a short-term rental, a mobile home park, and a co-working space, plus she has taken part in syndications, private lending, and seller financing deals. Mindy is passionate about financial freedom, and she wants to help as many people reach this milestone as possible so they can live their best lives. When you can get her to stop talking about real estate, you can find her on her bike or adventuring in the beautiful mountains of Colorado.