Whoever is using their first time homeowners loan to buy a home is crazy. Use that money to buy rental property.l create long-term wealth. FHA allows you to buy up to a 4 unit. All you have to do is live in the structure for 1 year while you rent out the other 3. After that you can rent all 4 units and start generating wealth. I now have 6 buildings
I think it’s silly to not put any money down bc you end up paying a way higher monthly mortgage. Our lender told us we could do that but I think logically, it makes way less sense.
If you can’t muster up 20% of the house, it’s probably a good sign that it’s too much for you. You’re just going to drown in monthly payments; regret the purchase at best, go bankrupt at worst.
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13 Comments
@Hi-qh8zt · October 25, 2026 at 4:37 pm
If people have no money for a down payment, earnest money, closing cost, inspection cost then they have no reason to buy a house at all.
@Pho3nixRid3r · October 25, 2026 at 4:37 pm
This is exactly what I did
@nalinigupta7760 · October 25, 2026 at 4:37 pm
How do u apply
@mtmb1996 · October 25, 2026 at 4:37 pm
thanks for not helping at all. just did basic math. congrats you can use a calculator smh.
@brandonrichards4880 · October 25, 2026 at 4:37 pm
Well, what are the criteria I think that’s what matters is the most
@jesslorraine3742 · October 25, 2026 at 4:37 pm
You can't afford that home. Readjust your budget and work within your means.
@jamesjirik2245 · October 25, 2026 at 4:37 pm
Screw that closing cost that’s way too much. I don’t wanna pay anything for closing costs.
@bossone1216 · October 25, 2026 at 4:37 pm
Whoever is using their first time homeowners loan to buy a home is crazy. Use that money to buy rental property.l create long-term wealth. FHA allows you to buy up to a 4 unit. All you have to do is live in the structure for 1 year while you rent out the other 3. After that you can rent all 4 units and start generating wealth. I now have 6 buildings
@NormaAndrianna · October 25, 2026 at 4:37 pm
I think it’s silly to not put any money down bc you end up paying a way higher monthly mortgage. Our lender told us we could do that but I think logically, it makes way less sense.
@user-wr3jh7ov3h · October 25, 2026 at 4:37 pm
If you can’t muster up 20% of the house, it’s probably a good sign that it’s too much for you. You’re just going to drown in monthly payments; regret the purchase at best, go bankrupt at worst.
@lorryarrington6679 · October 25, 2026 at 4:37 pm
Hello Sir , Happy Holidays. I need assistance with down payment. Can you assist me
@spinecollector · October 25, 2026 at 4:37 pm
I loved the part where he didn’t actually tell you where to go to find these down payment assistance programs
@bharathkumar3871 · October 25, 2026 at 4:37 pm
This has income limits. Crazy thing it is based on the county we are purchasing in not the county we are working.