Why Financial Advisors Can’t Help You Buy a Home - INTERVIEW - 367

Discover why most financial advisors aren't trained—or even allowed—to guide you through the biggest wealth-building decision of your life: buying a home. Author and former financial advisor Brady Mullen joins CPA Dan Mullen to explain how real estate plays a critical role in long-term wealth, and why it’s often ignored by the people we trust for financial advice.

In this episode, David sits down with brothers Brady and Dan Mullen, authors of Real Decisions: The Financial Impact of Renting and Owning. Brady, a former financial advisor, and Dan, a CPA specializing in real estate tax, share what they learned about the enormous—but often overlooked—financial power of homeownership.

They explain why real estate is usually left out of “holistic” financial planning, how renting compares to owning over time, and why most homebuyers are left to figure out these massive decisions alone. The Mullen brothers share insights on tax advantages, inflation protection, and how your first mortgage payment will be the worst one you ever make (yes, that's good news). This is a must-listen episode for anyone who's been told that renting is the smarter choice.

Quote

"You can buy 30 years of shelter at today’s prices—and the bank will give you a loan to do it." – Brady Mullen

Highlights

• Why financial advisors can’t give you real estate advice
• The financial industry’s blind spot when it comes to shelter
• The difference between being sold real estate and being educated about it
• How landlords pass hidden costs onto renters
• Why renting might seem cheaper—but costs more over time
• Understanding inflation and your mortgage as a financial tool
• The truth about maintenance, taxes, and “rent being easier”
• How owning gives you control over your housing costs
• Why your first mortgage payment is your most expensive—and what happens after
• Real estate’s role in building long-term net worth

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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.

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