Nate Hedrick, the Real Estate RPh, is back on the show discussing 6 common home buying debates.
Key Points From This Episode
- An introduction to today's guest, Nate Hedrick, co-host of the YFP Real Estate Investing Podcast.
- Why home-buying decisions are not absolutes, but rather another aspect of the financial plan.
- How there's no wrong way to go about financial planning, it just matters what you care about.
- Some of the pros and cons of 20% and why the most important question is what your capabilities are.
- Nate's thoughts on the opportunity cost of money that's being tied up in low-interest rate debt.
- Building versus buying and who each option is best suited to.
- Buying property with and without student loans.
- Weighing up buying a starter home versus buying a forever home.
- Why the term 'forever home' is a bit of a misnomer.
- The benefit of having multiple exit strategies.
- Why renting is not necessarily a terrible financial choice.
- The unforeseen costs of owning a home.
Links Mentioned in Today's Episode
