Conversations with a CFP, Vol. 4- Should I buy a house?
Episode description
In this episode, we are looking at the housing market and impending market correction. We cover:
- How much of your gross/net pay your mortgage should be.
- How having liquid savings to decreases your chances of defaulting
- Getting creative in your purchases by investing in house hacks vs multi-family residences
- Proposition 13 and the impact on tax reductions
- Borrowing from retirement funds for down payments
- Where to hold your short term savings while home shopping
- Plans to increase housing inventory
- Downpayment and homebuying assistant program
- Savings/investing apps everyone should use
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Links Mentioned:
High Yield Savings, SoFI, get $25 when you deposit at least $100
Looking to invest in Real Estate? Check out Roofstock
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