
Episode 85: Unlocking Homeownership: The Resurgence of Low Money Down FHA Loans
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About this listen
This "Burn Your Boats" episode reveals a game-changer for aspiring homeowners: FHA loans are back in business!
David Shaw shares a recent experience selling a Florida duplex to a young couple using an FHA loan. Despite requesting seller concessions for half their down payment and closing costs, the deal was a win-win.
The couple put down just $16,000 (1.5%!) on a $555,000 duplex. By living in one unit and renting the other, their net monthly housing cost is an incredible $1,211 – or just $600 each! This immediately makes them real estate investors with tax benefits.
This episode is a powerful message: FHA loans are now a viable path to homeownership, offering significantly lower costs than renting.
Share this with anyone who thinks homeownership is out of reach – it's time to seize the opportunity!
Soundbites:
"FHA loans are back in business!"
"Imagine that that's living for $600 a month. They're now real estate investors. They now get property tax deductions. They get their depreciation on the property."
"What I think is happening is buyers are now in the driver's seat and buyers know that they can go out and get a deal."
Chapters:
00:01 Introduction & Podcast Purpose
1:04 The Duplex Property & Market Context
03:19 The FHA Loan Revelation
7:07 The Incredible Deal for the Buyers
10:19 Call to Action: Share with someone you know!
Keywords: FHA loans, first-time homebuyers, real estate investing, affordable housing, low down payment, seller concessions, housing market, burn your boats wealth podcast, David Shaw
#FHALoans #FirstTimeHomeBuyer #RealEstateInvesting #AffordableHousing #LowDownPayment #SellerConcessions #HousingMarket #DuplexLiving #FinancialFreedom #BurnYourBoats
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