LIVE FREE - THE ART OF THE TWO-YEAR HOME FLIP


Chapter 1



PLANNING TO PURCHASE A HOME


I am a planner. I make lists, calculate profits,
gauge risk and evaluate decisions based on whatever
information is available. What you are about to get
here is the process I recommend using when you are
planning to purchase a home. It is not rocket sci-
ence, but it is in some ways counter to general beliefs
about home buying. Right off the bat, you will need
to adjust your mindset a little bit. You aren’t ready to
jump in the car and go look through everyone’s medi-
cine cabinets yet if you haven’t decided exactly why
you want to buy a house.

There are hundreds of reasons you might want a
house, but for the purposes of this book, we are fo-
cusing solely on the idea of purchasing a home to live
in as a two-year investment for cash profits. We will
get to the significance of the two-year period later in
this book.

1


LIVE FREE - THE ART OF THE TWO-YEAR HOME FLIP



Now that you know why you want to buy a house,
let us determine how much you can afford to buy. At
this point, you should visit with a Certified Mortgage
Planning Specialist (CMPS). This is a certification
that mortgage lenders can earn through extensive train-
ing. What a CMPS can do that most loan officers
can’t, is advise you on how a mortgage can be used
as a wealth building tool, as opposed to being simply
a necessary evil.


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