Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

First-Time Buyer Advantage

16 Jun 2026 · 1 min

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1:00

First-time homebuyers have an edge because their simpler finances make loan packages cleaner. Lenders reject deals over borrower complexity, not the property. You need a decent credit score, liquid savings, proof you can cover debt if the property underperforms, and a solid plan.

Chapters

The first-time buyer in this scenario potentially has the advantage. They absolutely do. Because you're not, you're not saying we just need you to fog a mirror, which would be on one end of the spectrum. On the other end of the spectrum, you're saying there's so much going on here. Banks are rejecting deals not because of the deal itself, but because of the complexity of the borrower and how much they have going on. Correct. Let me hear you. And here a first-time buyer Is, has no complexity. Correct. So I, if I'm reading between the lines here, what you're saying is if it's a financeable deal, all I need you to do as the buyer is have a presentable credit score, obviously a, demonstrate liquidity and, and the ability to, to, to carry debt service if the property doesn't. I'm assuming that you're looking at that. Correct. And present a credible Plan.