12/30/2025
Is this how you feel?
It is true that affordability is at an all time low. But there are easier ways to get started in real estate than these impossible claims.
Here are a few simple things that make it possible for the average person to buy their first property.
1. Use an FHA loan and only put 3.5% down. On a $300,000 house that is $10,500. You will have some closing costs, so let’s call it $20,000. That’s not a small amount but when most people think they need 20% ($60,000 plus closing costs) that makes a big difference in what is possible for the average home buyer.
2. House hack. Get comfortable being a little uncomfortable by renting out spare bedrooms or extra units if you buy a duplex. This can drastically cut down on your monthly payments so that you can start building equity.
3. Have realistic expectations of your starter home. If it’s your first property, you probably aren’t going to be able to afford that 4 bed 2 bath house that your parents have, because that probably wasn’t their first home either. Start with a starter home, not a forever home. It will build equity over time that you can use to upgrade later.
4. Buy a fixer upper. Don’t buy a $300,000 house in a neighborhood of $250,000 houses. Buy a $250,000 house in a $300,000 neighborhood. It will likely need some renovations, but you can do that over time as you have the money. And once you make those renovations, you can likely refinance the house to take some of that money back out to pay yourself back.
Moral of the story is, you have options. Throwing your hands up in the air and saying it is impossible won’t get you anywhere. Talking with the experts such as Realtors and Lenders will help you find the real options.