Lauren kicks off by asking who should even buy a home. Homeownership is not necessarily always better than renting. You should consider your lifestyle and how long you want to live there. Dale believes your primary residence is an asset AND ALSO THAT YOU SHOULD PAY OFF YOUR HOUSE AS SOON AS POSSIBLE. It’s an emotional investment then, not a financial one. Lauren asks what Dale’s thoughts are about investment properties. They both agree that “primary hacking,” buying a home, living in it for a short time, then buying and moving into a new home, then renting the first one out is a good way to get started. The lowest interest rate loans are those on primary residences. Your risk tolerance is a huge factor here. The two then transition to discussing timing the real estate market. Some people just aren’t wired to build wealth. Or maybe they’re just not in the right circles. Networking with the right people is important, and also reading the right books can help with mindset. Then, they go back to discussing buying a home, and how much home you should buy. Perhaps you should look at it through the eye of primary hacking. Buy houses that would make good rentals. If buying in an HOA, make sure you’re permitted to rent the property out per the bylaws. Lastly, they talk about avoiding buyer’s remorse and taking action. Dale recommends you THINK BIGGER.

If you liked this episode, you’ll also like episode 149: Personal Finance is Personal, and so it investing.

About Dale:

Dale Wills is an experienced real estate developer who has been involved in the industry for more than 25 years. He is the owner and founder of Centra Companies, and since 2011, he has overseen the development of more than 1,500 homes. He recently established Centra Capital Partners, a real estate syndication company partnering with accredited investors to build wealth through the ground-up single-family home developments in the Midwest.

Connect with Dale:

https://centracapitalpartners.com/

https://www.facebook.com/CentraCompanies

https://www.instagram.com/centracompanies/

https://x.com/dalerwills

https://www.youtube.com/channel/UCkXyXiIUnUEFvX4mVJ4F98A

https://www.linkedin.com/in/dalerwills/

Connect with Lauren:

https://www.realadultingiseasy.com/⁠⁠⁠

https://twitter.com/AdultingIsEasy

https://www.instagram.com/adultingiseasyreal/