Buying real estate empowers millions of people by taking them from renter to homeowner, but it doesn’t have to stop there. With the right strategies, you can take that path further and become an entrepreneur by getting a few properties under your belt without changing a lot about what you’re doing.
In a market like this where homes don’t sell as fast as they used to, hanging onto a property, turning it into a rental and then duplicating that process a few times over is a great move. Most people think this is hard to do, but the right agent can turn a home purchase into the beginnings of an asset base and future wealth.
This is why Lauren and Josean Castillo call themselves Wealth Designer Realtors. For them, it’s not about just buying and selling homes, it’s about providing the consumer with a path to financial freedom through real estate.
In this episode, they share why it’s a great time to buy a home, and why we could all benefit from having an investor mindset.
You’ll also learn;
- Why the Castillos love Surprise AZ
- Why it’s such an amazing time to be a buyer
- A simple strategy to rack up investment properties
- The right mindset to have about becoming a landlord
- Short-term rentals vs. long-term rentals
Key Points
The barrier of entry for buying a home is lower than you think
Many people think it’s hard to qualify for their first home if they don’t have a lot of cash, but that’s not necessarily the case. You can easily get into a home with as little as $2000, especially right now. There are so many programs you can tap into so you can still buy a home without putting a lot of money down. One of the most frustrating things about the busy market we had in 2020 and 2021 was how those programs disappeared, but now that they are back in full force, more people can become homeowners. There are concessions, assistance programs and options to make buying a home a possibility. Before you think you can’t afford to buy, talk to a real estate professional in the know – you might be surprised to find out that you already qualify.
Forever home vs. a stepping stone to wealth
Why sell your home when you can hold onto it and create wealth as you move to the next home? With a simple strategy, you can turn your last home into a rental property, live in it for a couple of years and then do the process all over again until you’ve grown a solid asset base that makes a huge difference to your life. There are so many strategies available that can allow you to go from the owner of a single primary residence to an investor with equity and wealth. Instead of viewing your house through the eyes of it being a forever home, think of it as an investment that takes you to the next home.
Why you want a wealth designer Realtor
Some agents would rather push you into selling your home even if it’s not the right move for you, just to get the commission. An agent who truly has a heart for what’s right for you would rather lose out on the commission, and recommend that you keep the house and build wealth instead. That’s the kind of agent you want to have in your corner.
Guest Bio
Lauren and Josean are wealth designer Realtors, investors, speakers, educators and leaders of The Castillo Group.
For more information, head to https://www.castillogrouphomes.com/ and follow @thelaurencastillo on Instagram.
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