The Road To FISE: Are You a Resident? Buying Your First Home? Crunch the Numbers.
February 26, 2021
I admit it. My family has been involved in the real estate business since the 1970s. But then so have many people in our region. There are a lot of “real estate” families like ours. Just like anyone who has worked and thought about things through many times, real estate is a skill set. And like anything, when you first look at it – it appears daunting, then easy, then really difficult and then in the end simple again.
A really smart HMO resident called me yesterday to ask me real estate advice about buying their first home. They have a small downpayment and are approved for a 30 year fixed at 3.1%. But there is some uncertainty about their lives in terms of where they will be in a year, and where in San Diego they could eventually settle if the graduate gets a job here. No children yet. Smart young doctor that is usually good with money.