In this episode, I break down the seven most common mistakes first-time homebuyers make—and how to avoid them. I dive into why financing big purchases before closing can kill your loan, the importance of job stability during the process, and what lenders really look for.

I also share tips on budgeting for closing costs, being honest about your cash reserves, and how to handle inspection negotiations like a pro. If you’re buying your first home and want to make sure nothing falls through at the last minute, this episode will help you stay ahead and close confidently.

 

Timestamps

(00:00 ) - Intro

(00:55 ) - Financing big purchases before closing

(02:03 ) - Missed payments that destroy approvals

(03:02 ) - Job changes and pay structure risks

(04:15 ) - Budgeting for closing costs + fees

(06:05 ) - Smart inspection negotiations with agents

(08:10 ) - Closing thoughts

 

About the Show

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.

Resources & Links

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  Download a free copy of my book: https://www.frommilitarytomillionaire.com/free-book

  
  


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  Sign up for free webinar trainings: https://www.frommilitarytomillionaire.com/register

  
  


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  Join our investor list: https://www.frommilitarytomillionaire.com/investors

  
  


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  Apply for The War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application

  
  


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  Get an intro to recommended VA agents/lenders: https://www.frommilitarytomillionaire.com/va-realtor

  
  


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  Guide to raising capital: https://www.frommilitarytomillionaire.com/capital-raising-guide

  
  

 
Connect with David Pere

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  Facebook Group: https://www.facebook.com/groups/militarymillionaire

  
  


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  YouTube Channel: https://www.youtube.com/@Frommilitarytomillionaire?sub_confirmation=1

  
  


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  Instagram: https://www.instagram.com/frommilitarytomillionaire/

  
  


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  LinkedIn: https://www.linkedin.com/in/david-pere/

  
  


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  X (Twitter): https://x.com/militaryrei

  
  


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  TikTok: https://www.tiktok.com/@militarymillionaire