9 – How Much Money Do I Need To Make To Buy My First Home?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 1 May 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
David gets into the details on the real numbers it takes to purchase and then pay for a home every month. With mortgage interest being so insanely low and low down payment options available to first time home buyers, buying your first house may actually be pretty similar to putting down a first and last and average rent payment on an apartment! Has anyone heard of P.I.T.I.? Get used to it as David helps in making this math and confusing terms easy to understand. Join us here and learn all the tedious but crucial formulas and acronyms you need to know when crunching your own personal numbers and find your path to homeownership without melting your brain.
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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 | So if you're asking yourself, how much money do I actually need to make to buy a house? |
| 0:05.8 | How much is my annual income? What's that have to be? And if you're asking yourself, |
| 0:11.2 | and you know, how much more is a house payment than my rent payment? Can I even do this? |
| 0:18.1 | Well, good for you. Let's find out together. |
| 0:35.9 | Yeah. Can I even do this? Well, good for you. Let's find out together. All right. |
| 0:36.5 | Hi, everybody. |
| 0:37.1 | It's David Sedone here, the How to Buy a Home Guy. Welcome back to the |
| 0:41.4 | How to Buy a Home podcast. We're excited to have you here today. Thanks so much for being here. |
| 0:47.3 | This is our podcast that helps you figure out how you buy a home, whether you're three, four, |
| 0:52.8 | five years out or three weeks away. We're |
| 0:55.2 | going to try to get you all the insights that you need. The main thing that we're trying to do with |
| 0:59.7 | this podcast, what I'm trying to help educate people is to let you know the secrets to turn |
| 1:05.7 | your monthly bill, your largest monthly bill, that your rent, into your largest automatic wealth builder. |
| 1:13.5 | And you can probably do it a lot sooner than you think by turning you from a renter into a |
| 1:17.0 | homeowner. This podcast is dedicated to being the only place you can get yourself educated |
| 1:22.7 | before you're even close to buying the home. And probably before you think you should even be thinking about it. |
| 1:29.7 | But if you do, you could save yourself tens and possibly hundreds of thousands of dollars. |
| 1:34.8 | You can do it, guys. |
| 1:36.6 | All right, today we're going to get right into the meat of some nitty-gritty. |
| 1:39.5 | This should actually be one of my YouTube videos, |
| 1:42.8 | but I decided this information based on the news that came out |
| 1:46.5 | today on interest rates was real important. So I wanted to get out to you as quick as I can. |
... |
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