Preparation equals profit. In this episode, Natalie Mitchell breaks down the 22 steps in the buying process for a new home. Whether you’re purchasing as a first-time homeowner, rental property, or house flipper, this information is crucial for your purchasing process.
Preparation equals profit. In this episode, Natalie Mitchell breaks down the 22 steps in the buying process for a new home. Whether you’re purchasing as a first-time homeowner, rental property, or house flipper, this information is crucial for your purchasing process.
“It’s really important to understand how much you can emotionally, mentally, physically and financially you can afford.”
This episode digs deep into information found in Chapter 7 of Investing in Her-Self: How a Working Single Mother Created Wealth in Real Estate and How You Can Too! Determining how much you can afford includes both financially and realistically with size of property. Get pre-qualified with a mortgage professional who gets you. A strong partner here is very important in getting qualified with a firm pre-approval. As Natalie walks us through these steps and what happens next, you can begin confidently visualizing what the home-buying process may look like for you.
One crucial reminder – just because you are starting with one plan, does not mean you can’t tweak it. With more experience comes a deeper understanding of what kind of investor you are and what kind of investor you want to be. Celebrate all the little successes in the process, or it will get lost in the mix. Whether you are a buyer, a flipper, or a landlord, the buying process has a lot of similarities, and a lot of differences. It’s longer for a flipper, and significantly longer for a landlord. By starting your research early, knowing what you want, and becoming equipped with the home-buying process, you are ready to start your real estate journey today.
