The Top 7 Mistakes First-Time Buyers Make

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

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

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

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

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

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

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

Connect with David Pere

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

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

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