firsttimebuyers

If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down mortgages coming out specifically to help first-time home buyers finally get into a property, you can now buy a house for no money out of pocket, with your entire purchase price and closing costs covered. These 100% financeable loans aren’t a secret, so why don’t most first-time home buyers know about them? In this BiggerNews, we’re diving deep into the best first-time home buyer loans available in 2024, how to pick up your first property for NO MONEY out of pocket, and low-money-down multifamily deals any brand new investor can start buying today. With affordability at nearly forty-year lows, most Americans struggle to save up a down payment, even if they have enough income to qualify for a home loan. This is where 100% financeable loans come in, making it easier than ever to buy your first home. So, who can get approved for these first-time home buyer mortgages, where do you find them, and how do they work? Jeff goes through these programs on the federal and state levels, showing first-time home buyers where to find them, which loans to avoid, and whether or not they can use these loans to buy their next property. Thank you to our sponsor, Rent App: the free and easy way to collect rent.  In This Episode We Cover: How to get 100% financing on your first property (no money down!) Who qualifies for these first-time home buyer loans, and which properties require a down payment The problem with FHA loans and where you should/shouldn’t use them Rate buydowns and why this once valuable tool is no longer being used How to invest in small multifamily with VERY little money down And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Real Estate Investing Question Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Hear Dave on The “On the Market” Podcast Watch Dave on the “On The Market” YouTube Channel Grab the “First-Time Home Buyer” Book from BiggerPockets 4 Popular Mortgage Programs for First-Time Home Buyers Connect with Jeff: Jeff's Instagram Jeff's LinkedIn Jeff's Website (00:00) Intro (01:12) 100% Financing For Your FIRST Home? (06:28) How These Loans Work (11:40) The Problem with FHA Loans? (14:35) Getting a Lower Mortgage Rate (25:30) Low Money Down Multifamily Investing Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-939 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hellooo our loves, have you ever wondered what the exact steps are in purchasing your first home? Our very own millennial investor Sim went through it last month and sat down with Sonya to break down everything you need to know to prepare for the BIGGEST purchase of your life. We share exact numbers, how much you need to put away, how much lawyers fees cost, how to negotiate on price and how to find the right home!As alwaysJoin our FB group Girls That InvestsFollow our community of 15k on insta @GirlsThatInvestAnd please leave us a review on apple podcasts so we can reach more wonderful humans like you!--- Send in a voice message: https://podcasters.spotify.com/pod/show/girls-that-invest/message

---

Hosted on Acast. See acast.com/privacy for more information.

It’s another Tuesday, so it’s another Ask Rob & Rob. And we’ve got two cracking property questions for you.

The first question is from Dom who’s just completed on a 2-bedroom flat in South London. He agreed the price back in January before the dreaded coronavirus, and went back to negotiate on the advice of Rob & Rob and managed to snap up an absolute bargain!

So he’s ended up with a new house at a massively discounted price. 

Today he’s asking whether Rob & Rob reckon he should flip it, take the cash and wait for another dip. 

Rob B has some solid advice today and a bit of warning about that ‘paper-profit’. Dom needs to be careful about allocating overall transaction costs and also about potentially investing on the expectation of a dip in the market. 

Why should Dom be careful? Why should nobody ever invest based on assumptions? Tune in to find out.

Next up is Sabrina from Newcastle. She got hooked on the podcast after reading Rob D’s book and hasn’t looked back ever since - that’s what we like to hear! 

Sabrina is a first time buyer and wants to know if investing in property via a limited company would preserve her first time buyer status for when she eventually buys her own residential property to live in - therefore avoiding that 3% stamp duty surcharge on second properties.  

Listen as Rob D takes the lead on this question and explains how we’re all judged as individuals when it comes to property transactions. 

Try as we might, there’s no getting around stamp duty unfortunately. 

If only we could wave that magic wand!

Tune in to today’s Ask Rob & Rob, it’s one not to be missed!

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

Are you ready for retirement? Claer Barrett, FT Money editor, and guests discuss the importance of financial planning - whether you're hoping to retire in 50 years or 50 weeks. Plus, first-time buyers get a boost from Help to Buy, but should the government consider aiming a tax break at the 'last-time buyers' to help more of them downsize? And finally, listeners hear from FT Money's new columnist - Jane Owen, whose debut column 'the invisible woman' rails against ageism in society.

---

Hosted on Acast. See acast.com/privacy for more information.

Today we’re breaking away from the traditional Ask Rob & Rob to bring you a 2018 budget special.

Did the Chancellor have any nasty surprises for property investors?

Are the Robs likely to have a wobble at what else Philip Hammond is throwing at the sector?

There’s no doubt that property investors have taken a hammering over the past few years so understandably, there was every reason to be a tad nervous as the 2018 budget aired across the UK.

Even if you listened to the 2018 budget live as it happened, there were a few property related items which didn’t make the main agenda. But, the Robs have delved deep into the detail to fill you in on this 2018 budget special of Ask Rob & Rob.

On this special, Rob & Rob will cover:

• A new stamp duty update which widens the net of people who benefit. And it’s being backdated,
• A housing infrastructure fund which will help property developers create an additional 650,000 new homes
• Lettings relief - reducing the capital gains tax you need to pay
• News on Help to Buy

 

It’s short and sweet this week so grab a coffee, hit the play button and enjoy this week’s Ask Rob & Rob.

Do you have a property or property investment related question for Rob & Rob? If you’d like to feature on the next episode, give us a call on 013 808 00035 and leave a message with your name and question (normal UK call rates apply).

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours.

Have you joined us over in The Property Hub Forum yet? If you love property chit chat, this is the place for you. Our online community are a friendly bunch, keen to share their knowledge and experience. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

The Chancellor axed stamp duty for first-time buyers in the Budget up to £300,000, but his own watchdog claimed it would drive up house prices.

So is the Office of Budget Responsibility right? Simon Lambert says its logic is flawed and that we need to be even more radical on stamp duty - maybe even making the seller pay.

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business! In This Episode We Cover: Sunny and SunMarie’s Segment: How Sunny got hooked to the podcast Why you should consider buying a fourplex as a first property How to find these deals Thoughts on the competitiveness of the real estate market How to use house hacking to earn extra cash Why you should always look out for holding costs How real estate helped Sunny and his family Sam’s Segment: How his mom unknowingly gave him a ticket to real estate investing How he turned the basement into a rental unit Tips for making the financing work on a deal like this Why he used an FHA 203K for financing The benefits of using Airbnb to rent your property How to price Airbnb rentals the right way How to use electronic locks and automate the process His worst tenant experience ever And SO much more! Links from the Show BiggerPockets Member’s Blogs WellsFargo BiggerPockets Forums Schlage Door Locks BiggerPockets Webinar BiggerPockets Analysis Ultimate Beginner’s Guide to Real Estate Investing Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ABCs of Real Estate Investing by Ken McElroy The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber Outwitting the Devil by Napoleon Hill The ONE Thing by Gary Keller and Jay Papasan The Book on Managing Rental Properties by Brandon and Heather Turner Tweetable Topics: “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!) “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!) “Imagine your perfect day and then, work backwards from there.” (Tweet This!) “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!) Connect with Sunny Sunny’s BiggerPockets Profile Sunny’s Website Connect with Sam Sam’s BiggerPockets Profile Sam’s Website Facebook Profile Twitter Profile Instagram LinkedIn Customer Results Property Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Is this the best financial product ever? From a saver's point of view the Help to Buy Isa may just be that.

Much of the work at This is Money involves uncovering bad behaviour at banks and other providers of financial products.

Anyone would think bankers had no morals.

Of course, we also work hard to praise the good stuff.

One banker this week, claims a product has been launched that has no downside. Really?

Is there finally something too good to be true that is actually true?

Editor Simon Lambert and This is Money’s money product expert Laura Whitcombe pore over the new help-to-buy Isa that hands free money to first time buyers.

But what’s the catch?

Also on the show…

It’s going to get tough for home owners for all sorts of reasons.

It’s already getting tough for buy-to-letters – but is that such a bad thing?

What’s the matter with people and their unhealthy relationship with credit cards?

Does anyone care about climate change when you can save a few quid on your ‘lectric?

Are you earning less than a tractor driver?

Help small shops and small businesses. They’re lovely.

And cake.

#cake #credit #helptobuy #climatechange #shopping #homes #banks #money #spending