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By Richard Warner

I have been an investor and landlord for 5 years. When I got my official real estate license, I started as a First Time Homebuyer Specialist and have since received specialization certifications in Luxury Homes, Probate, and Divorce.

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Owning a home is one of the most important investments that people will ever make in their lifetime. For some, having a home to call their own is a goalpost that measures how far they’ve come. But it’s more than that, so I’m sharing my “How to Afford a Home Workshop” with you to discuss the importance of homeownership and how it can be achieved even for those who are new to the workforce. Aside from that, I will also touch on the psychological and financial benefits of owning a home, from having a sense of accomplishment to homeownership as a source of passive income.

You can listen to the entirety of the workshop above or skip to a topic that interests you by using the timestamps below:

0:00 — Introduction

2:13 — Affordable homeownership for entry-level income earners

4:08 — Benefits of homeownership and equity

7:07 — Managing monthly costs

8:42 — Leverage your home for passive income

11:06 — Your home as a legacy to loved ones

13:03 — Overcoming common obstacles of home affordability

13:37 — The home-buying process

19:22 — Using loans and other financing options

22:56 — How to calculate mortgages and interest rates

29:28 — Q&A 1: What are the pros and cons of a condo?

31:55 — Q&A 2: should you live in a house that I’m planning to sell?

32:44 — Q&A 3: Different roles of a Realtor

38:09 — Q&A 4: Getting a letter of pre-approval

39:56 — Q&A 5: Managing low credit scores with a partner

If you have more questions or would like to talk more about how to afford a home for first time home buyers, reach out to me. Give me a call, text me, or send me an email, and I’ll be happy to talk with you.

Want to work with me? Here are some ways to get involved.

  • Real-World Home Value Estimate. We have eager buyers waiting in the wings. Share a few details, and we’ll give you a real-world estimate of your home’s value and the expected time to sell. Get Estimate

  • Maximize the Value of Your Home. Increase your home’s value with the right upgrades tailored to your home, neighborhood, and budget. Let me create a personalized plan to maximize your profits. Request Your Plan

  • Louisville’s Strongest Cash Offers. Skip the stress of showings and open houses. If you’re looking for speed and convenience, we have real cash buyers ready to make an offer on your home today. Get a Cash Offer Now

  • Home Buyers Academy. How can you afford a home? Join me online or in person and I’ll teach you everything you need to know about how to become a qualified buyer. Register Now