There is another approach to home buying that is a little different than buying a new home. If you are just starting out as a first time home buyer, consider this:
You can buy a property that has a mother-in-law apartment or a property that is two to four units and usually live a better life style than if buying your first home. Now think of this, what if you buy a second multifamily property, it is possible to be in a very strong position to buy the home you would really want, having the equity or rental income from the rental properties to make that home purchase.
In this tough real estate market, every angle should be considered in the home buying process.
Since 1972 I have instructed buyers in following this program and most have been very successful in obtaining real estate equity and moving into their dream home.
If you are considering buying, consider buying a property that can give you extra cash every month or a property that can grow an equity that can be used to help with your dream home purchase.
How do you find a property that can give you a monthly cash flow?