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00:00 iin going to give up got too little time I'm live up head down push forward through the tough times anything we're doing is a tough benefits of buying a home building a legacy considering the long-term financial and personal benefits buying a home is a very wise decision the wealthy may not see it but a huge recession is impacting us all we all struggle and the best action you can take to improve your situation is actually buying your first home and not renting here we will dive into the math of buying properties
00:31 and why owning properties will help improve your financial situation especially in the long run smash the like button for the YouTube algorithm acquiring a property in decent condition below the median purchase price of your locality yields substantial gains over time even when unforeseeable repairs occur when you buy insurance is required but also a must a weather disaster can happen to to anyone flooding is the most common disaster to hit homes be sure to ensure your house insurance coverage includes a minimum
01:02 of $5,000 for potential mold related damages if you are located near a flood zone flood insurance May cost hundreds per year but a claim would cost you much much more feel free to check out level up with a Lisa Mahin YouTube channel to level up your life in a personalized way owning a home is a wise strategic move because it Prof Safety and Security property ownership offers you a safety net providing stability and Security in times of difficulty having a safe place to live is priceless when you are going through
01:43 hardship a safe place to live can change your life it assures a permanent Sanctuary always ready to support you property is always appreciated in my eyes you by today expect great equity gains over time the equity growth is enhanced because of inflation fixed rate mortgage payments you lock in when you buy Nationwide appreciation Trends and increasing costs of construction or materials over time the value of your property can escalate significantly over time owning properties will most definitely enhance and
02:18 increase your net worth effortlessly smash the like button for the YouTube algorithm owning property profer Financial stability when you obtain a fixed rate mortgage you know that while all things in life cost more over time your largest cost stays fixed this large cost is your lodging costs the cost of living your primary and biggest expense remains constant with time as your mortgage is paid off your financial burden diminishes leading to financial Independence you create a legacy and Financial Freedom when you
02:53 pay off your home you secure a lasting Legacy for your family by providing them the safety of having a paid off home fostering generational stability and freedom from escalating rents invest in purchasing properties home ownership ensures lower monthly expenses bolstering much Financial Security on top of the financial benefits owning a home also gives you a heightened status and enhanced successes the the world looks up to you as an intelligent individual with their life together when they see you owning property
03:34 and doing well in life people are more apt to partner with you give you credit invest in your businesses or follow you through thick and thin smash the like button for the YouTube algorithm home ownership symbolizes success and Status it epitomizes Independence and prudent investment I tend to say by land and property as it will always increase in value and become more expensive over time it is an especially good buy when you consider you pay off the land and property in just a few decades if you find a way to
04:07 make income with the land or property by renting it out or pursuing events on it you then begin to win you must turn it into an incom producing asset to truly enhance your wins because you will have taxes due each year holding it is not so lucrative if you just sit on it in a low appreciation area I say it will always bring you a win but it is up to you to maximize the wins Buy in good locations and turn purchases into assets that make you money land ownership gives you freedom to shape your environment yes
04:46 property and land does require tax payments to the government the taxes paid do also get offset because owning also gives you tax benefits be sure to explore various tax benefits ass associated with home ownership including deductions on interest paid property taxes and other expenses leverage tax benefits to optimize your financial portfolio you should form an LLC with your properties and track expenses Property Management costs and repair costs as expenses you can write off during tax Seasons smash the like
05:20 button for the YouTube algorithm Embrace homeownership as a Cornerstone of a successful full and stable life although property ownership is complex and the intricacies may seem daunting now the dividends of your decision will become apparent in the years to come the decision will impact your life your legacy and the lives of the Next Generation you leave behind make informed choices that pave the way for enduring Financial Security and a legacy that transcends Generations comment below do you agree home ownership
05:54 is is a good investment do you feel safer when you own a stable place to live are you overwhelmed with the idea of purchasing your first home comment below any questions you have I can definitely profer insight and answers to any questions you have it may be difficult to see the light at the end of the tunnel now I am sure you will see all over time it all just takes research actions in the right directions and a willingness to trust that we only want to see you you and your family succeed smash the like button
06:32 for the YouTube algorithm hardship is horrible no one deserves it we all deserve some help this channel is here to help you let's build a supportive successful Community let's find Financial Security and build a safe home for ourselves and our family real estate is easy when you take things one step at a time just take actions each day toward making progress with time this progress and daily action will turn into a legacy of homes thank you all please do like share subscribe and comment below to help support
07:08 this Channel and help me succeed so I can post more videos for you thank you all for joining me talk to you soon on the next one smash the like button for the YouTube algorithm if anyone is interested in leveling up their life in a personalized way they can check out the YouTube channel of up with Alysa Mahin Alyssa has a master's degree from Vermont law school and a lifelong successful career serving Noah NASA EPA DHS and others she can help you find career and life successes if that is what you are looking for
07:42 she also created an environmental law Channel and crypto two moon channel for those looking for high Roi Investments good luck and see you on the next one click on the on screen images to subscribe and watch more videos even when it low you can still go even when if feel slow you can still go
Buy a property in decent condition below the local median price, preferably in a good location, protect it with insurance, and eventually pay it off or make it income-producing to build long-term financial security and a family legacy.
Use a property for rental income or events while managing taxes, repairs, and operating costs.
Generate income from owned land or property instead of holding it passively.
Generate income by renting out owned land or property.
Generate income by pursuing events on owned land or property.
you must turn it into an incom producing asset to truly enhance your wins
when you pay off your home you secure a lasting Legacy for your family
Homeownership is presented as a source of stability, equity growth, financial security, and legacy.
Land and property are presented as assets that can appreciate and generate income through renting or events.
Referenced through the YouTube channel name Level Up with Alysa Mahin; later referred to as Alyssa Mahin. She is described as having a master's degree from Vermont Law School and serving NASA, EPA, DHS, and others.
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