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First Home Layaway Program: A Family Path to Homeownership
Manage episode 441244142 series 3532369
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First Home Layaway Program: A Family Path to Homeownership
In this insightful episode of The Mr. Mortgage Show, Mark Eitel introduces a forward-thinking strategy known as the First Home Layaway Program, designed to help parents and grandparents pave the way for their children's future homeownership.
This approach involves using equity from their own homes to purchase a rental property in a desirable area. The rent from tenants covers the property's expenses until the child or grandchild is ready to take over, at which point the property is sold to them with a significant gift of equity, often eliminating the need for a down payment.
Join us as Mark breaks down the steps, benefits, and considerations of this family-focused investment strategy.
Jen is in the studio keeping, woman-ing the anytime hotline and doing her best to keep Mark's ADD in check!
Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline
Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"
Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005
Call or Text us: 561-935-5474 (Main Office)
Email: mark@mr.mortgage or www.MrMortgageRadio.com
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In this insightful episode of The Mr. Mortgage Show, Mark Eitel introduces a forward-thinking strategy known as the First Home Layaway Program, designed to help parents and grandparents pave the way for their children's future homeownership.
This approach involves using equity from their own homes to purchase a rental property in a desirable area. The rent from tenants covers the property's expenses until the child or grandchild is ready to take over, at which point the property is sold to them with a significant gift of equity, often eliminating the need for a down payment.
Join us as Mark breaks down the steps, benefits, and considerations of this family-focused investment strategy.
Jen is in the studio keeping, woman-ing the anytime hotline and doing her best to keep Mark's ADD in check!
Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline
Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"
Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005
Call or Text us: 561-935-5474 (Main Office)
Email: mark@mr.mortgage or www.MrMortgageRadio.com
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