Need one-time financial advice related to homebuying

Need one-time financial advice related to homebuying

Member since 2020 · 3 posts · 3 votes

My wife and I are small-time real estate investors with lower middle class income. We have two rental properties we keep for supplemental income. We have long-term goals in real estate but right now don't want to grow beyond the two rentals. We are looking to buy our new primary residency in Tennessee. I need to talk to someone about the smartest way to do that financially -- we have some options. Personal Finance folks I've found have $5k minimum fees and such. That's just too much for us. Who can I hire to talk through this one financial decision for an hourly rate?

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  • Ty CouttsBusiness Member
    Lender · Denver, CO · Member since 2022 · 467 posts · 230 votes
    2y

    Hello Mara Hayes

    For your situation, hiring a fee-only financial planner who charges by the hour would be a practical choice. For example, Garrett Planning Network advisors offer financial planning on an hourly basis. You can search their directory to find a planner who meets your needs.

    - Search for "fee-only financial planner hourly rate" in Tennessee.
    - Review their websites and credentials.
    - Schedule a consultation to ensure they can assist with real estate investment decisions.

    By taking these steps, you should be able to find a financial advisor who can help you navigate the purchase of your new primary residence in Tennessee without the high minimum fees. Good luck!

    Ty Coutts - Aslan Home Lending 544 Reviews
  • Specialist · Portland, OR · Member since 2010 · 3k+ posts · 1k+ votes
    2y

    @Mara Hayes you should be able to get your questions answered by any qualified loan officer. This is not a financial planning question but a simple can you afford to buy a home and how much can you afford if you can buy.

    You might have better luck posting in the home buying section of this site as this personal finance portion of BP doesn't get much attention.

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