Out of my own curiosity as a millennial who knows nothing about homeownership and growing up my family never talked about how to approach buying a home, I reached out to Sean Ray Dallas Real Estate Expert to talk all about homeownership. In this episode, Sean shares homeownership myths, understanding the finances behind homeownership and what you need to know before approaching homeownership. Sean also shares his story as an entrepreneur and how owning a home has been an important investment opportunity.
Sean Ray, is a real estate agent and apartment locator in the Dallas Fort Worth Area. Sean is a top income earner in his company. He also invests in real estate in Dallas. He enjoys mentoring and is currently building a Youtube Real Estate Brand and also if you go to his instagram you will find some of the lovely luxury apartments he shows off and often deals you just resist. Sean is passionate about educating people on homeownership.
In this episode we cover:
- How Millennials approach homebuying compared to people before.
- Misconceptions around home buying.
- Basics on understanding finances and assets.
- When you should rent versus buy.
- Make your home an asset and not an expense by renting out spaces.
- Not all debt is created equal.
- What you need to ask a prospective real estate agent.
- The real estate agent should have a team… lender, CPA, etc.
- How to figure out what you can afford before looking for a home.
- Sean’s personal experience going through the steps of purchasing his house and making money off of it using AirBnB and other sources starting with $6,000 and ending with over 6-figures in just a couple of years.
Guest Contact:
Resources mentioned in this episode. As always, please research, read, and listen at your own discretion.
- Sean’s Youtube Channel
- This channel is for all things Dallas Real Estate. If you are an investor, first time buyer or you just want to check out some luxury apartments then you have found the right place.
- The Youtube channel “Bigger Pockets”. A good channel to learn about financial advice.
- The book, “Rich Dad”. A great start towards learning financial basics and mindset.
- The book, “Cashflow Quadrant” as a follow-up to “Rich Dad Poor Dad”. Get into the investment cycle and learn about good debt-bad debt.