Are you looking to buy your first home? If so, I encourage to look at the situation a little differently than you may have been to this point.
Many prospective first-time homebuyers think their first home has to be perfect and that they'll be there for a long time. I encourage you, however, to think of your first home as your first investment property.
If you're saving up to get your first dream home, it might be time to buy your first home that's not necessarily your forever home, but one that's a two- or three-year house that you live in and then keep as an investment when you move to your next home. If you keep it as a rental home, someone else pays the rent while you get the equity.
While someone else pays your mortgage, you might also then be in a better position to buy that dream home as your second property. It's something to consider as you shop for your first house.
Think of your first home as an investment property.
Now, not everyone can buy a house without first selling their current home. In the short-term, it could make more options for you during your home buying process.
If you have any questions about buying your first home or about owning property as an investment, don't hesitate to give us a call or send us an email. We'd love to help you!
