771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 28 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you. A new forest of David Greenery has sprouted as we welcome Kristina Smallhorn and Rob Abasolo onto this episode of Seeing Greene. Kristina, Louisiana-based realtor, has been fighting for affordability, helping get her clients into creative homes that don’t break the bank. She’s here to dispel all the myths about affordable housing, manufactured homes, modular homes, land investing, and more. We’ll touch on build-to-rent homes and who should NOT be investing in them, green flags to look out for when buying land, and the danger behind new forty-year mortgages. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Affordability in 2023 and how homebuyers can still purchase even with high home prices Modular homes and how these cheaper builds are quickly becoming the high-quality norm Build-to-rent properties and whether or not appreciation is worth the lack of cash flow Red (and green) flags to watch out for when buying land, plus how to know a plot can even be built on The forty-year mortgage explained and why it may be a BAD idea for desperate borrowers Misconceptions about affordable housing and why “mobile homes” aren’t what you think And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Here are 92 of the Most Affordable Housing Markets in the World Modular Homes Make a Comeback The Harsh Reality About Pre-fab Homes and Why I Won't Ever Buy Them Book Mentioned in the Show: 10 Things You Need To Know About Land by Cheryl Sain Housing For Purpose by Whitney Chaffin Connect with Kristina: Kristina's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-771 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 771.
0:04.0	So I'm like, what else are they doing?
0:05.6	What else are they doing to these people that are really financially strapped?
0:10.0	To like squeeze as much pennies as they can on.
0:12.8	It's like shaking them upside down and like trying to squeeze every penny out of them.
0:17.4	Bullies in high school, right?
0:18.6	Right, that's what it fell aside. It totally feels like that.
0:21.4	It's going to everyone. This is David Green, your host of The Bigger Pockets Real Estate
0:24.8	Podcasts, or stay with a seeing green episode.
0:27.1	And I brought friends. None more important than my good friend Rob Alba Solo.
0:31.6	Rob, good afternoon to you.
0:32.9	Howdy. How you doing?
0:34.3	Yeah, you having a good time over there?
0:35.6	We had a great time. We actually have another person who's going to be joining us,
0:39.0	Christina Smallhorn, who runs a YouTube channel and specializes in home affordability.
0:43.6	And today Rob, Christina and I will be taking turns answering questions from you,
0:48.5	the best audience in the entire world, about a home affordability and concerns in the market.
0:54.1	And today's show we are going to cover when you should build to rent and when you shouldn't.
0:59.1	If the 40 year mortgage is actually a good idea, things that you never knew about home
1:04.1	affordability and as a bonus to you are loyal listeners, you are going to get to hear our Dave
1:09.0	Ramsey impressions all that and more on today's seeing green.
1:13.1	Rob, what was some of your favorite parts of today's show?
	...

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