This episode explains how buying a second home can be both a lifestyle upgrade and a long-term wealth strategy. It walks through the idea of using the home part-time while renting it out as a short-term rental when you are not there, which can help offset the monthly cost of ownership and, over time, contribute to building net worth through equity growth and potential appreciation.

Today we’re breaking down a question a lot of people don’t realize they’re asking until they’re in the middle of it: why can you buy a car in a day, but buying a house can take weeks? They’re both big purchases, they both use financing, and they both involve a lender, so what’s the difference? Let’s walk through it in plain English, and by the end you’ll know why getting pre-approved before home shopping is one of the smartest moves you can make.

Are you renting and wondering if buying a home is the right move? In this episode, Mike Hogan breaks down the financial advantages of homeownership, including tax benefits, building wealth through equity, and the freedom to make your home your own. Learn how your monthly payment can be similar to rent—and how, with down payment assistance and seller-paid closing costs, you might need less cash to buy than to rent. Tune in for practical insights and tips to help you decide if it’s time to make the leap from renter to homeowner.