Are we in a housing bubble?

As parents we can do so much early on to help set our children up for success as young adults when it comes to purchasing a home. One of the toughest obstacles as a young adult —building good credit. It’s hard, right!? Do you remember just starting out as a20-something? I’m sure you remember how hard it was to have a credit card, let alone paying it off and keeping good standards with the credit card company. This is something I know my wife and I struggled with.

PMI -- it's like the loathed word when purchasing a home because perception is, is that it's another added cost on top of mortgage and unaffordable. GUESS WHAT?! We owned our last home 2 years ago. We had well over 20% to put down on it to not have PMI, but decided that it was actually cheaper to pay the monthly PMI than to use up all of our cash in a down payment. PMI can actually work in your advantage if you look at it the right way. ↓ (and it has to make sense for you, we recognize every person and every financial situation is different).

Airbnb or long term rental? It’s a question we’re fielding more often with our 2nd time buyers, investors and homeowners. While each makes complete sense, there’s a few things you’ll want to personally weight out. We have clients who have gone either direction with their personal or investment home - either converting it into a long term rental or using it as an Airbnb - and have had a lot of success with both.