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Co-Buying a House with Friends: How Alex & Amber Made It Happen

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Manage episode 442988865 series 3554064
Content provided by Kristina Modares. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kristina Modares or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Today's episode is with Alex Reyna, an Open House Education community member, who shares her journey of buying a home with her friend, Amber. After facing numerous roadblocks during her three-year quest to purchase a home on her own—largely due to credit challenges from co-signing a mortgage for her sister—Alex partnered with Amber to finally make homeownership a reality. Together, they navigated everything from financial hurdles to creating agreements and learning how to live together after their purchase.

Alex, who also runs her own short-term rental management company, Your Cohosts, offers insight into the benefits of buying a home with a friend and how co-buying helped them double their buying power. Their story highlights the importance of communication, trust, and creativity when it comes to making homeownership possible.

In addition, the episode offers a glimpse into the growing Open House Education community, a nationwide group of women learning and supporting each other in real estate, and how it's empowering women to explore alternative paths to homeownership. If you’ve ever thought about buying a house with a friend, co-buying, or finding creative strategies to make real estate work for you, this episode is packed with inspiration and practical advice.

Chapters
02:59 The Journey to Homeownership: Alex's Story
05:58 The Decision to Partner: Trust and Skepticism
08:57 Finding the Right Partner: Amber's Proposal
12:04 Understanding Roles and Responsibilities in Partnership
15:01 Communication and Conflict Resolution
17:58 Living Together: Adjustments and Challenges
21:07 Financial Agreements and Operating Procedures
24:08 The Importance of Communication in Co-Ownership
26:58 Creative Solutions and Home Improvements
29:49 Long-Term Plans and Future Investments
33:00 The Impact of Community and Education on Real Estate
35:57 Reflections on the Experience and Lessons Learned
Get in Touch

Comments, suggestions or feedback? Email Kristina at [email protected]

Here is our new Instagram account! It needs some love, please follow :)
@OpenHouseEducation
Check out our new website & join our new community waitlist! We are officially launching in early November! OpenHouseEducation.com

If you know of any ladies I should connect with about this new venture for potential partnerships, please send them my way. Email us!

  continue reading

120 episodes

Artwork
iconShare
 
Manage episode 442988865 series 3554064
Content provided by Kristina Modares. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kristina Modares or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Today's episode is with Alex Reyna, an Open House Education community member, who shares her journey of buying a home with her friend, Amber. After facing numerous roadblocks during her three-year quest to purchase a home on her own—largely due to credit challenges from co-signing a mortgage for her sister—Alex partnered with Amber to finally make homeownership a reality. Together, they navigated everything from financial hurdles to creating agreements and learning how to live together after their purchase.

Alex, who also runs her own short-term rental management company, Your Cohosts, offers insight into the benefits of buying a home with a friend and how co-buying helped them double their buying power. Their story highlights the importance of communication, trust, and creativity when it comes to making homeownership possible.

In addition, the episode offers a glimpse into the growing Open House Education community, a nationwide group of women learning and supporting each other in real estate, and how it's empowering women to explore alternative paths to homeownership. If you’ve ever thought about buying a house with a friend, co-buying, or finding creative strategies to make real estate work for you, this episode is packed with inspiration and practical advice.

Chapters
02:59 The Journey to Homeownership: Alex's Story
05:58 The Decision to Partner: Trust and Skepticism
08:57 Finding the Right Partner: Amber's Proposal
12:04 Understanding Roles and Responsibilities in Partnership
15:01 Communication and Conflict Resolution
17:58 Living Together: Adjustments and Challenges
21:07 Financial Agreements and Operating Procedures
24:08 The Importance of Communication in Co-Ownership
26:58 Creative Solutions and Home Improvements
29:49 Long-Term Plans and Future Investments
33:00 The Impact of Community and Education on Real Estate
35:57 Reflections on the Experience and Lessons Learned
Get in Touch

Comments, suggestions or feedback? Email Kristina at [email protected]

Here is our new Instagram account! It needs some love, please follow :)
@OpenHouseEducation
Check out our new website & join our new community waitlist! We are officially launching in early November! OpenHouseEducation.com

If you know of any ladies I should connect with about this new venture for potential partnerships, please send them my way. Email us!

  continue reading

120 episodes

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