Steve D Valentine advises first-time buyers to treat home purchases as wealth-building, not just lifestyle. Find an agent who gets investing, set concrete goals like owning five properties by 35, and save for future down payments instead of pulling equity from your first home.
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If I was a first time homebuyer, here's what I would do. I would find a real estate agent that actually understands investing, understands rentals, and I would tell them your goals. I would like to buy a home over the next couple years. I would like to keep it and buy another one. I don't want to take the equity out of it. I'll save enough money for my next down payment. How do I get here? I'd like to own five properties by the time I'm 35. That's the goal. Now you have to have a strategy that goes with that. By the way, if you go to valentinegroupaz.com go in there as a buyer, fill out the form, you'll get connected with somebody on my team if you want to start that strategy process on the first time home buying. What's important about this is that it's a different mental capacity than the typical American dream of homeownership. This is the American dream of building wealth through homeownership and the amount of people you impact along the way.