If You Can't Afford a First Home
Do you know someone who is living in a small apartment, but can't pay
to get out. Maybe you are in the situation yourself and know that you
are throwing away extra money every month by paying rent. If you are
in this situation, you don't have to be. There are several ways to
begin investing in a first home without having to invest a lot up
front.
There are hundreds of people that are living in apartments as a
substitute for investing because of the money that is needed up front,
as well as the alterations that are needed for income level. At the
same time, there are programs that recognize this and are available to
help those in need to find a first home. If you have a stable income,
you also have the ability to move out of throwing away your money.
One area that you can look into for a first home is the grant programs
that are available. Each locality will have different programs, most
which are easy to qualify for. The programs will vary according to
your living situation and what you need. For example, several grant
programs will give you money simply to be in a first house, while
others will give grants to special situations, such as beginning your
own business. Looking into things such as 'neighborhood goal' can help
you find something that won't take your money with no return every
month.
If you aren't convinced of what program will succeed for you, simply
ask your real estate agent. Most of the time, they will be familiar
with the programs and should be able to help you with what is
available. By the time you move into your first home, you will either
have everything in the initial investments paid for you, will receive
money back, or will have some financial support to help you get
started.
Placing investments in your first home does not necessarily mean
saving up thousands in order to get in the door. It simply means
finding the programs that are willing to help you pack and move and
taking advantage of what is available in your area. With a little bit
of research and a little help, you can stop paying rent and move into
an investment.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a
number of published articles and served as an expert witness for
San Diego lawyers. You can contact
Bob via e-mail at bob@brokerforyou.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
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