135 - Interview With First Timers In One Of The Most Expensive Areas - Buying Without 20% Down Payment
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 13 October 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
We can get too emotional or too analytical in buying our first home. But our guests in this episode balance each other out in moving forward. Nathaniel and Bryan are excellent, cautious, and serious planners. They were even shocked that they could do it with some deep research into trying to buy a home in one of the most expensive areas in the country! They didn't need 20% down. Although they are super cautious and conservative, they still elected to use some of their retirement savings to purchase. Tune in to this episode, and you can learn more from their story.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | What do you do if you start adulting, become a grown-up, and you move to an area that you love? |
| 0:04.7 | And the rents are insane and the home prices are insane. |
| 0:07.3 | And a 20% down payment to buy a home someday in this area costs more than a year's salary. |
| 0:13.3 | How are you ever going to buy a home without going broke, without depleting all your saving in retirements, |
| 0:18.6 | or make yourself house poor for the rest of your life. |
| 0:22.1 | Like it or not, buying a home is different now than it's been in the past. |
| 0:26.6 | So today we have to think outside the box and get creative. |
| 0:29.8 | So in this interview, you're going to see how to make that happen without depleting every penny you have |
| 0:35.9 | or setting yourself up to be house poor for decades. |
| 0:53.0 | All right, everybody, it's time for your favorite podcast, the ones where I don't talk as much. |
| 0:57.4 | I say that every time, but I know that you're thinking it. |
| 1:00.2 | So Brian and Nathaniel, who are up in Northern California, and I'm sorry, is it Nathan or Nathaniel? |
| 1:07.3 | Which do you prefer? |
| 1:08.4 | I don't have a preference, so whatever comes naturally. |
| 1:10.8 | Okay. I tell people all the time, call me Dave or David, just don't call me dumbass, |
| 1:15.2 | and I'm happy. Well, so what I like to do is every time I listen to a podcast, they do this big. |
| 1:22.7 | Tell me all about yourself, but people are here because they want to know how to do this. |
| 1:26.8 | So I'm going to put you on the spot right away. What was one of the big things that you learned that you would love |
| 1:33.9 | to share with other people about the whole buying a home process that you think they could |
| 1:39.5 | possibly use in their life? Well, I think one of the biggest things that I learned, partly to listen to your podcast, |
| 1:47.0 | but I also did a little bit of my own research about the different types of loans that are |
| 1:52.0 | available. |
... |
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