Beginner Steps to Buy a Home in 2024 (First-Time Homebuyers!)

Beginner Steps to Buy a Home in 2024 (First-Time Homebuyers!)

Episode #407

Are you tired of paying someone else’s mortgage? Then you’re in the right place. In today’s show, we’re sharing how to buy a home in 2024, even as a complete beginner, as we walk through a rookie’s step-by-step journey to purchasing his first primary residence, which could also become a rental! If you feel like you’re in the same position and want to be the receiver, not the sender, of monthly rent checks, tune in as we walk through how today’s rookie is gearing up to become a first-time homebuyer!

Aaron Mann was tired of renting. After being around real estate investors at his day job, he started to feel like he was missing out. Meanwhile, his wife was reading a slew of BiggerPockets books and told Aaron it was time to look into buying—he agreed! This couple is now beginning their house-hunting journey and has already zeroed in on their strategy, investing area, and what they want to buy. With the help of our own Ashley Kehr in the BiggerPockets Real Estate Rookie Bootcamp, Aaron is set to close on his first home in the near future. Want to get YOUR first rental property or primary residence this year? Tune in and start taking these beginner steps!

Sign up for a BiggerPockets Bootcamp today to get on the path to buying your FIRST or next rental property: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps?utm_source=youtube&utm_medium=description&utm_campaign=none

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Property Manager Finder:
https://biggerpockets.com/findapm
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Join the Real Estate Rookie Bootcamp:
https://get.biggerpockets.com/rookie-bootcamp-2024-pro-1/?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab the BiggerPockets Investing Books:
https://store.biggerpockets.com/?utm_source=owned_media
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Try the BiggerPockets Mortgage and Home Loan Calculator:
https://www.biggerpockets.com/mortgage-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
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Get Your Personal Finances in Check with the “BiggerPockets Money” Podcast:
https://www.biggerpockets.com/podcasts/money?utm_source=owned_media
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Connect with Aaron:
https://www.biggerpockets.com/users/aaronmannly?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://link.chtbl.com/Rookie

00:00 Intro

01:26 Deciding to Invest

07:09 Best Beginner Investing Strategy

12:23 Finding Properties

13:41 Saving for a Down Payment

26:56 Picking a Market

29:29 Getting a Mortgage

35:04 Join the Rookie Bootcamp!


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