What is Your Why?
I want to ask you today, what is your why in homeownership? Are you trying to be like the Joneses? Build equity? Create a forever home? I will tell you right now, I would never in this lifetime deal with tenants. I might get very upset if I bought a property and you treated it like trash. People tend to treat items poorly when they did not spend there hard working money on it. So, renting out properties is definitely not my motivation. Before you spend a penny going forward you need to figure out your why? Why do you want to become a homeowner. It is going to become your driving force for your vision to proceed towards generational wealth.
You ask how do I figure out my why? You need to know yourself and your values. What are you willing to put time and effort into? Flipping houses could go completely wrong or take longer than expected. However, it is a pretty good investment if you know what your doing with plenty of practice. Buying a starter home could become restless with all the issues that could take place, however it is your wealth that you are building. You must take a step back, really reflect on your vision for your life and go from there.
When you figure out your why, create a plan and go from there. Never jump into anything that you can’t handle. Preparation is how you win in every calculated move that you take. If creating a portfolio is your why, what is on your portfolio that will create real spark to an investor. Your portfolio should consist of value and attraction to create a win for everyone included. If you need help figuring out your why and pathway for homeownership, I would be glad to be of service.
Thank you,
Your Favorite Seattle Realtor
Makala