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1 Understanding Taxes as a Newly Formed Small Business - Part 2 of the Small Business Starter Kit 28:24
STEP 1 | HOMEBUYING 101: Deciding Your Goals - 302
Manage episode 462117422 series 2505056
In this foundational episode of the "Ten Basic Steps to Buy a Home" series, David Sidoni challenges conventional wisdom by revealing that Step 1 isn't about getting pre-approved or finding a realtor – it's about making the fundamental decision to start planning your homebuying journey. Through real-world examples and myth-busting insights, he demonstrates why deciding to view homebuying as a rent replacement strategy, rather than a new expense, can transform your entire approach to homeownership. This mindset shift, backed by the confidence that comes from understanding the true process, is what sets successful first-time homebuyers apart in 2025's competitive market.
Quote: "Buying a home is not taking on a new crazy expense... Buying a home is a rent replacement strategy."
Highlights:
- What if you could start planning your home purchase today at no cost, even if you're 2-3 years away from buying?
- Could your belief in common myths like needing 20% down or a 700+ credit score be holding you back from starting your homebuying journey?
- Is "waiting for the crash" actually costing you more than taking action now with a solid plan?
- What's the real reason behind rising home prices in 2025, and how can understanding inventory levels help inform your decision?
- How might converting your monthly rent payment into mortgage payments help build long-term wealth instead of just covering 30 days of living?
- Could working with the right professionals earlier in your journey - way earlier than most people think - give you an advantage in today's market?
Referenced Episodes:
- Episode 40, 48, 51 - "I Did It" success stories
- Episode 53 - Madison's condo purchase story
- Episode 151, 162, 168, 192, 219, 225 - Market updates and changes
- Episode 251 - The Last Lease Ever plan
- Episode 274, 299 - JT's perspective episodes
- Episode 290 - 2025 Forecast and Predictions
- Episode 296 - Market follow-up
- Episode 98 - David's personal rental story
- Episode 164 - Chutes and Ladders analogy
Connect with me to find a trusted realtor in your area or to answer your burning questions!
Subscribe to our YouTube Channel @HowToBuyaHome
Instagram @HowtoBuyAHomePodcast
Tik Tok @HowToBuyAHome
This podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change how the real estate industry treats first-timers, one buyer at a time- starting with YOU!
Visit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!
David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!
444 episoder
Manage episode 462117422 series 2505056
In this foundational episode of the "Ten Basic Steps to Buy a Home" series, David Sidoni challenges conventional wisdom by revealing that Step 1 isn't about getting pre-approved or finding a realtor – it's about making the fundamental decision to start planning your homebuying journey. Through real-world examples and myth-busting insights, he demonstrates why deciding to view homebuying as a rent replacement strategy, rather than a new expense, can transform your entire approach to homeownership. This mindset shift, backed by the confidence that comes from understanding the true process, is what sets successful first-time homebuyers apart in 2025's competitive market.
Quote: "Buying a home is not taking on a new crazy expense... Buying a home is a rent replacement strategy."
Highlights:
- What if you could start planning your home purchase today at no cost, even if you're 2-3 years away from buying?
- Could your belief in common myths like needing 20% down or a 700+ credit score be holding you back from starting your homebuying journey?
- Is "waiting for the crash" actually costing you more than taking action now with a solid plan?
- What's the real reason behind rising home prices in 2025, and how can understanding inventory levels help inform your decision?
- How might converting your monthly rent payment into mortgage payments help build long-term wealth instead of just covering 30 days of living?
- Could working with the right professionals earlier in your journey - way earlier than most people think - give you an advantage in today's market?
Referenced Episodes:
- Episode 40, 48, 51 - "I Did It" success stories
- Episode 53 - Madison's condo purchase story
- Episode 151, 162, 168, 192, 219, 225 - Market updates and changes
- Episode 251 - The Last Lease Ever plan
- Episode 274, 299 - JT's perspective episodes
- Episode 290 - 2025 Forecast and Predictions
- Episode 296 - Market follow-up
- Episode 98 - David's personal rental story
- Episode 164 - Chutes and Ladders analogy
Connect with me to find a trusted realtor in your area or to answer your burning questions!
Subscribe to our YouTube Channel @HowToBuyaHome
Instagram @HowtoBuyAHomePodcast
Tik Tok @HowToBuyAHome
This podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change how the real estate industry treats first-timers, one buyer at a time- starting with YOU!
Visit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!
David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!
444 episoder
All episodes
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1 Buying in a High-Cost Area – How Sam & Kristen Made It Work (INTERVIEW) 32:57

1 Rebuilding After Loss – Stories from the LA Fire Survivors (INTERVIEW) 40:12

1 Condo vs. Townhome vs. House – Which One is Right for You? 22:32

1 Speeding Up the Homebuying Process with Research - INTERVIEW 27:26

1 Raising Real Estate Standards – An Interview with the Mann Brothers - 317 43:14

1 March 3rd, 2025 - Changing Housing Market Update - 316 29:38

1 How a 20-Year-Old Outsmarted the Market—And How You Can Too UNICORN INTERVIEW - 315 34:23

1 Is Real Estate a Good Investment? - Dave Meyer, Bigger Pockets Interview - 314 42:36

1 Critical Facts and Data Update for the 2025 Market - 313 29:32

1 Rich People Only? Declan & Bailey’s 3% Down Victory INTERVIEW - 312 40:12

1 Will You Miss the Best Time to Buy a Home? Spring 2025 Update - 311 22:05

1 Understanding Today's Market | STEP 10 | HOMEBUYING 101 - 310 30:09

1 Stop Fearing Your Future Mortgage | STEP 9 | HOMEBUYING 101 - 309 14:16

1 DIY Education & Online Research | STEPS 7 & 8 | HOMEBUYING 101 - 308 16:24

1 Choosing House "Must Haves" | STEP 6 | HOMEBUYING 101 - 307 35:40
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