Ways first time home buyers can take advantage of small opportunities

Being a first-time homebuyer in the Denver Real Estate Market is no easy feat. You're feeling it, your real estate agent is feeling it and I AM TOO! But this is your sign to not give up! We are giving you OPTIONS to get on the path to homeownership with flexible loan solutions, down-payment assistance programs, and creativity in terms of location and type of home (AKA a duplex ;D). While the first home may not be the dream home, it's a stepping stone to getting there.

Some points to be aware of if you are considering a multi-unit plan:

• First-time homebuyers - be aware if you are doing multiple-unit - know all the HOA, taxes, and insurance fees.
• Having property managers for rental properties can really help you only put 3.5% down.
• If you are thinking you can boost your qualifying by counting that roommate income, you can't use roommate income to qualify. Only rental income from a LEGAL unit qualifies. 
• Having an auxillary dwelling unit, basement unit may help with your monthly income, but it cannot be used if it is a single family home. This is why a legal duplex is so much better. 

As always, if you have any questions, please don't hesitate to give my team a call!