Game Planning for my oldest too move out #entrepreneur #tips #shorts #short #shortsvideo #shortvideo

27 Dec 2024 · 1 min

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0:39

Short YouTube clip by Steve D Valentine giving practical steps to qualify to buy a home in the current market: talk to a lender to learn the income needed to qualify, set that as a goal, consider partnering with a friend whose income complements yours to jointly qualify, and rent out extra bedrooms to generate rental income and accelerate wealth-building.

Chapters

One. I want you to talk to a lender. Here's why. We're going to talk to Andrew and we're going to go. Okay. What would it take you to qualify to buy a home in this current market? Now, we know that your income probably doesn't match what needs to happen, but what it will do is give you an idea and a goal. So if by myself, I would need to make X amount of money to qualify for this house, can I partner with one of my friends that has the same amount of income and things to get us to buy something? Now, you, you've made an investment with somebody and now you're living there. And potentially, if it has two more bedroom, you guys can both rent a bedroom out, collect income into that business. That's the cheat code to getting further faster is by doing it with someone.