Side Hustles to Buy a Home

Most people struggle with bad credit or not having enough money for the upfront costs to purchase a home. Having a side hustle can help you generate more income.

 

 In this seller's market, Prince George's County home prices were up 10.7%, in March 2022, compared to last year.  Now, the median sold price is $405K. On average, homes in Prince George's County sell after 23 days. The loan product (FHA, VA, Conventional) determines how much to put down. So if you get a FHA loan 3.5% down is required. So if you purchased a home for $360k x 3.5% down = $12,600 down payment and that does not include the 1-3% deposit, inspections, and other fees. So you should save save save as soon as you have a desire to #buyahome

 

Mastering the skill of being able to generate extra income will not only help you to procure a home investment but it could also help you retain it and even preserve the investment when unexpected home maintenance or repairs are needed.

 

Key points to Remember:

1. Focus on side hustles that can making AT LEAST $20+/per hour

2. Do something that you enjoy

3. Do side hustles that could become a home based business for tax write offs

4. Do gigs that pay NOW rather than later

 

Secure the keys to homeownership!

Brenda Douglas, Real Estate Agent

Samson Properties Bowie

Phone: (202) 930-Diva (3482) / Office: (301) 850-0255

www.brendadouglas.samsonproperties.net

FBook Fan Page: DouglasIntegrityGroup

www.youtube.com/c/dcmetrodiva

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