How to Buy A Home & Build A Real Estate Legacy Transcript, AI Summary & Key Points

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