Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 2 years ago

A hack for first-time home buyers

Contain 800x800

Working with any of the tens of thousands of first-time home buyers in today’s market?

You’ll find these clients really want to buy, but they seem too priced out of the market to even jump in.

🙅🏻‍♀️ Let’s bust this myth: First-time home buyers CAN purchase during a market downturn.

The solution? House hacking 🏠

This is a key strategy we teach within the Investor Agent Bootcamp.
Two agents are using this strategy as we speak!

Here's how it works:

  • - Pitch the idea to your buyer that instead of buying a single-family home, they should purchase a duplex, triplex, or fourplex. Then they should live in one unit for at least one year.
  • - The lender will use rental income to help them qualify for the higher payment, and they might even be lucky enough to get their entire housing payment covered with the other rents!

Not only will you help them achieve their goal of home ownership, but you’ll help them avoid paying high rents! It’s a win-win.

Interested in learning more about the strategies we teach inside the Investor Agent Bootcamp?

Schedule a call with our team to learn how we’re equipping agents to come out ahead in today’s shifting market.



Comments