Securing The (Real Estate 101) Bag

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Resources Mentioned:

4 Big Ideas:

  1. Starting the Conversation with a realtor is FREE! You don’t pay the realtor that helps you buy a home. The seller of the home normally pays for all the realtors involved. 
  2. You can use the equity built in your first home as the down payments for your next (bigger and better) home or start a business, college fund etc.
  3. On average you only have to stay in a home for 5 years in order to have enough equity built in to profit from selling it. 
  4. If you’re the friend with the “good job”. Buy a house and have your friends pay you rent.

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Show Notes:

We love you so we typed this up....

  • [01:00] Introduction of Chris Winstead
  • [01:30] Chris calls you the Phenom-ily! *sorry*
  • [02:00] What is the simplified process of buying a house? Is it complicated?
  • [03:15] How much money do you need in your bank account in order to buy a house?
  • [04:30] Why go to FB and IG first?
  • [05:00] What is equity and why should you understand it?
  • [06:30] Your money is better spent growing in your home than growing in your bank account.
  • [07:00] Renting vs Buying a Home
  • [08:30] Securing the Bag means keeping the bag by not paying rent forever. Pay yourself by purchasing a home.
  • [09:00] Check out the home you’re going to buy in different times of the day
  • [10:00] Why have your landlord raise your rent when you can have a fixed mortgage?
  • [12:00] How long do I have to stay in a house if I buy it? What’s the process of selling?
  • [17:00] What are some successful ways to profit from real estate? What if I’m not married?
  • [19:00] Recap
  • [21:00] Lighting Round Questions

Meet Our Guest

Mr. Chris Winstead
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