The 1st Time Homebuyer Show w/ Gizmo by House Rich

For Indigenous People Day I set out to look up loan programs for Native Americans and make across and interesting bit of information as to why they were able to get loan all the way into the late 90s.  Listen on the go on all podcast platform https://www.houserichshow.com First Time Home Buyer School- https://www.facebook.com/groups/fthbschool Find a realtor https://findarealtor.my.canva.site...

In this episode I go over  2008 housing market crash data such as interest rates, feels fund rate, unemployment, inventory and housing prices and compare them to today. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.   Email: hell...

In this weeks episode I'm breaking down how to find down payment assistance for your home purchase in any market. I'll cover what website to go to, who to ask, what questions to ask and what the community reinvestment act is. This is the website mentioned. https://www.hud.gov/topics/rental_assistance/local  This is a show for millennial first time home buyers looking to buy their 1st home and...

In this week’s live episode, I discuss what Jerome Powell and the Federal Reserve means by a housing market reset. The Federal Reserve raised interest rates by 75 basis points in order to combat inflation with the goal to cool down the housing market with the goal to combat inflation. The accompanying YouTube video https://youtu.be/xHhQeepQauk Sources of info. https://tradingeconomics.com/ ht...

I always hear folks say don't sell grandma's but then provide any actionable steps in case grandma or the family experiences a hardship. In this episode I cover what a gift of equity is and also give an overview of seller financing.  This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to bui...

In this live video i discuss the current housing market and jump into what the data says about go over housing home prices, mortgage interest rates, housing inventory and affordability from 2018 to present. I also cover a few questions you should ask yourself before pulling the trigger on a home in any market  This is a show for millennial first time home buyers looking to buy their 1st home...

This is s deep dive into a question I got last week. I discuss where discrimination can happen during the loan process. Go over if the size of the bank matters, walk through the loan process and who actually looks at your loan during the mortgage process. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estat...

I talk to Nick Gouché the co founder of legacy home loans about founding the nations largest black led mortgage company, their mission to increase black home ownership, the history of discrimination and redlining in America and go over the guidelines of the "Closing the Gap" loan program a “Special Purpose Credit Program” (SPCP) for Black people who want to become homeowners. This is a show for mi...

In this week's episode I talk to @reekestate about scaling his real estate portfolio. How growing up in a real estate environment encouraged him to start his real estate journey. We also cover hard money, BRRR strategy, being your own contractors and much more. This is a great episode on leaning how this black entrepreneur built wealth through real estate. Tarik's IG- https://www.instagram.com/r.e...

There is alot of misinformation online as far as Bank of America's  Community Affordable Loan Solution loan program from why are they launching it now, to why isnt it only for minorities, will this accelerate gentrification etc. I address all that and more in this video. If you got value share with a friend so we can stop the spread of nonsense.  This is a show for millennial first time...

In this live episode I cover Bank of America 0% down mortgage program for minority communities which is targeted at help increase home ownership. Right now it is rolled out in Dallas, Detroit, Charlotte, Miami and Los Angeles. It requires no closing costs, no down payment and it has no minimum credit score. Check out the live for all the mortgage guidelines.  This is a show for millennial fir...

In this episode I break down the finances behind owning my primary residence for 6 years. I discuss the appreciation, my mortgage statement increase, how it compares to rent in the area, what changed in my neighborhood, and what we've spent on the property via HOA fees and maintenance.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational...

In this episode I sit down Anthony Armstrong. We discuss his journey from the arena league and staying with him mom, to making it in the NLF. We also discuss how it feels to score a TD.  We then talk about the transitions to into the civilian world and becoming an award winning realtor in the Dallas area. We also discuss if the Dallas market is over valued and when is the right time to buy. T...

REITS are a way to invest in real estate by teaming up and investing with someone with a track records of success  (or failure, lol). Buying a REIT is investing a company that invests in real estate. You get a divided from the company you invested in similar to collecting rent with physical real estate. Check out the full episode for more This is a show for millennial first time home buyers l...

In this episode I cover 10 myths millennial 1st time home buyers should know. Don't let misinformation stop you from building generational wealth through. Some of the topics were cover are. -Is now a good time to buy -Are rates to high -can you get a mortgage with student loans -What credit score you need to get a mortgage -What are the down payment requirements for a mortgage. Tune if for the res...

Maryland SmartBuy 3.0 gives homebuyers an opportunity to purchase any home in Maryland that meets Maryland Mortgage Program guidelines while paying off student debt. The program will put 15% of the purchase price towards your student loans, but cap the amount at $50,000. Check out this episode for the full details. This is a show for millennial first time home buyers looking to buy their 1st home...

In today's episode we cover what happens to your mortgage loan once it goes to the underwriter. The four things that your underwriter looks at when looking to approve your loan are the income & debts, credit, funds for the down payment and then a special fourth item you'll need to tune it to see.   This is a show for millennial first time home buyers looking to buy their 1st home and buil...

There are many things you should consider when buying a new home such as the timeline of the master planned community, comparable sales, the zone of the land in the area and a lot more. Check out the episode for all of the tips.  Buying a new construction home is definitely a way for millennials to build generational wealth.  Email: hello@houserichshow.com  First Time Home Buyer Sch...

In this episode I talk to Tramaine Robinson about building up his real estate portfolio using his 9 to 5, leaving his 9 to 5 and then going back to his 9 to 5 in order to build his real estate portfolio. We also talk house hacking and building a portfolio with his finance. This black millennial entrepreneur is definitely building generational wealth through real estate.  His IG-https://www.in...

There are basically 3 things that can happen when you buy a home whether its during a recession or a great economy. You home value can go up or down, interest rates and increase or decrease from when you locked in your rate and you could lose you job you could keep your job. We'll walk through these scenarios. Buy property it is the key to building generational wealth. It is also the key to closin...

*It's a little noisy the 1st 1 minutes, this was a spontaneous episode i decided to film on my morning walk A Philadelphia mortgage lender owned by Berkshire Hathaway has agreed to pay $24 million to resolve lending discrimination claims in three states, the Department of Justice announced Wednesday, in what prosecutors have called the second-largest “redlining” settlement in the agency’s history....

In this episode I cover how to properly interview your realtor. Some the questions we cover are are what areas they cover, are they part of a real estate teas, does the realtor work with buyers or sellers, etc. Real estate is a great way for millennials to figure out how to build generational wealth through real estate. This is key to closing the wealth gap in the black community. Email: hello@hou...

In this episode I breakdown the the 2022 guidelines and requirements for FHA loans. We cover FHA loan limits, FHA occupancy requirements, FHA loan limits, FHA 203K rehab loan, house hacking, FHA down payment requirements, FHA credit score requirements, the FHA amendatory clause, FHA inspections, FHA appraisals and more. Real estate is a great way for millennials to figure out how to build generati...

I break down the how your credit/fico score is comprise, how it's weighted a what you can do to impact your score. The 5 major components of your credit score are payment history, credit utilization, length of credit history, new credit and credit mix. I also cover my favorite topic which is why inquiries don't really matter. Credit is another way to build generational wealth through real estate....

In this episode I talk to Daniel Martinez Co-founder of Hivemind on how he created the ultimate all-in-one customer relationship management (CRM) tool Hivemind with no technical experience. We also talk about how we uses creative financing to secure land deals with no money out of pocket and why its easier to do that buying homes. This is another way millennials can build generational wealth...