True, the bulk of my business is working with the real estate investors in Kansas City. It’s what I do. It’s what I like to do. But…
I just (literally) walked out of a closing with a first time home buyer who purchased her first home in Kansas City, Kansas. Just above the Johnson County line. She’s a single lady, which is a fast growing segment of the home buying public. She’s also a twenty-something.
It warms my heart to see someone so young, so responsible and so visionary. She knew what she wanted, stayed within her budget and when all was final she had purchased a newly rehabbed home in a safe neighborhood with no money down (at a good, fixed interest rate) and is paying less for her house payment than she was for her monthly rent.
And you know what? Because of the time we spent together in the car she’s already talking about how it would be nice to live there for 2-3 years, put together some more savings and purchase another home to live in and renting out this home.
Wouldn’t that be great?!? If she were to buy another home in 2-3 years after creating more savings (I gave her a target to shoot for) she would be so far ahead of most of us at that age it wouldn’t even be funny. Imagine being 29 and having a good primary home and a good rental home…all on a very modest salary.
Anyway, I just thought you might like this warm and fuzzy story.