EP 168: How to Avoid Rookie Mistakes as a First-Time Home Buyer with Mindy JensenApr 16, 2021
If you want to set yourself up for success, you need to take ownership of the home buying process and start asking questions. On today’s episode, we talk with Mindy Jensen, investor, realtor, and author, on how first-time home buyers can avoid rookie mistakes.
Buying a home for the first time can seem overwhelming but today’s guest shares the complete playbook for purchasing your first home. We discuss with Mindy why you shouldn’t rely on a realtor for everything, how to take ownership of the home buying process, why falling in love with a property is detrimental to your financial success, and how to find, vet, and select a lender who matches with your goals. Mindy also shares how you can creatively find deals in the current market.
Mindy is primarily a live-in flipper, buying an incredibly unattractive house and rehabbing it while living in it. Why would someone put themselves through this?!? Sweet, sweet tax-free capital gains, baby! She's currently NOT working on her 10th live in flip, having made the decision to slow down and take things a bit easier during the next year. Mindy is the Community Manager of BiggerPockets.com, the co-host of the BiggerPockets Money Podcast, the co-author of First Time Home Buyer, and a firm believer that women everywhere can and should generate wealth through real estate investing.
On today’s episode, we discuss a ton with Mindy including:
- How you can find deals in a hot market
- Things to consider when looking for you first home
- What NOT to do when putting in offers
- Should you wait to buy a home?
- The biggest mistakes investors and homeowners make
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