Real Estate Expert Nissim Cohen Publishes "Save for a Home" Book
Nissim Cohen, a 38-year-old real estate investor, author, and lecturer, has released a new book titled "Save for a Home." The book draws inspiration from a recurring phrase Cohen's mother told him as a teenager: "Don't spend everything. Save. Save for a home." This principle forms the core of his new work, which aims to guide young people and families toward purchasing their first home without resorting to "magic promises" or shortcuts, but rather through accumulated experience.
Cohen, who has over a decade of experience in real estate, investments, mortgages, and working with professionals, stated, "I wish someone had given me a book like this at the beginning of my journey." He emphasizes that the book is not about quick fixes, like promising a home in two months, but about a practical approach. It encourages readers to assess their current financial situation, define their goals, and understand the time and decisions required to achieve them. Cohen suggests that the first home doesn't have to be a dream house, but rather a more modest property that can serve as a starting point.
The book also addresses the crucial aspect of accumulating a down payment. Cohen stresses that this process begins with a joint decision between partners to set a timeframe for homeownership, followed by an honest assessment of their finances. He advises reviewing credit card statements, identifying and reducing unnecessary expenses, and understanding that even small monthly savings can accumulate significantly over time. The goal, he clarifies, is not to stop enjoying life but to find a balance and prioritize financial goals.
Cohen shares personal anecdotes, including an experience with his first investment property where he discovered significant plumbing issues after purchase. This taught him the importance of thorough inspection and understanding the financial implications of any defects, rather than being deterred by them. He also discusses the challenges of selecting reliable professionals, such as contractors and lawyers, emphasizing that recommendations alone are insufficient and that long-term performance and accountability are key indicators.
Ultimately, "Save for a Home" is intended for individuals new to real estate, young couples, existing homeowners looking to upgrade, and parents concerned about their children's financial future. Cohen aims to equip readers with the knowledge and tools to make better decisions and fewer mistakes on their path to homeownership, reflecting his own hard-earned lessons.
