On this episode of Fred the Real Estate Guy, our host Fred Howard, a realtor and productivity coach, introduces the podcast which will cover information for both buyers and sellers of homes. Today's focus is on buying power, the total amount of money available for monthly mortgage payments. Fred discusses how buyers can become too caught up in how much they can afford, neglecting other purchasing potential they have. He emphasizes the importance of understanding your buying power to avoid becoming "house poor" by putting all your money towards the down payment and having no funds left for other fees. Fred also introduces Leadtree fhret.com, a program related to home buyers that allows fully qualified buyers to purchase a home with no money down. In addition, he shares a story of a client who was able to purchase a two-unit property for $645, working part-time and with no credit. The show also discusses what factors impact buying power and how understanding it can help individuals make informed decisions on home purchases. Tune in to the Fred Howard Real Estate podcast for more practical advice, wisdom, and encouragement to help you connect, nurture, and grow your business.

home buying, budgeting, buying power, house poor, total expenses, comparative market analysis, real estate, buyers, sellers, workshops, multifamily properties, no money down, no mortgage insurance, no credit requirement, Southern California, South Bay area, practical advice, interviews, purchasing ability, monthly mortgage payment, income, expenses, down payment savings, home sale proceeds, borrowing, home size, neighborhood, price range.