Financially Intentional

Conversations with a CFP, Vol. 4- Should I buy a house?

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February 09, 2020 11:00pm

45m

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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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