The Real Estate Show: Recent Episodes
The Real Estate Show
Real Estate is the I.D.E.A.L Investment!
Learn more about Real Estate Investing and learn HOW by listening to America's Longest Running Daily Real Estate Radio Show "The Real Estate Show with Eric Willner", Live every weekday evening at 5 o'clock (EST) on Florida's Money Talk Radio Network WWNN 1470AM, 95.3FM, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WWNN AM1470 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
Then check out these EXTRA cool resources:
TimeToFixMyCredit.com for Financial Education and Credit Improvement
AutomaticLandlord.com for Landlording and Real Estate Investment
MackBuysHouses.com for a fast cash offer on Real Estate
MackSellsHouses.com for great deals on Real Estate Investments
MackBargainHouseHunters.com to Partner on Real Estate Deals
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way. You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
TheRealEstateShow, #EricWillner, #AutomaticLandlord, #ThirdHome, #BestRealEstate, #WSBR, #AM740, #FM 96.9, FM 103.9, #MoneyTalkRadio, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent
Radio Show Notes 4/13/18 Friday: TGIF, TGIF, and the Week In Review
The Real Estate Show Another great week in real estate with our TGIF squared addition in the week in review. Check out what you might have missed below:
Monday: Radio host, Eric Willner, touched off the week by telling his listeners to go take a hike! No he was not angry with them nor upset in any way. He was just trying to share with everyone a creative and overlooked technique for finding hidden gems often right below our eyes, or just off our own beaten paths. Instead of flocking to the MLS like the vast majority of the population, pay attention to the off market opportunities like vacant and abandoned houses, and even off MLS properties that are for sale by owner. This was an insightful show worth listening to.
Tuesday: That means that it is time for our Tools, Tips and Techniques edition. Our aim on these shows is to not only educate you about Real Estate but also on the ways to make money using some of our strategies. One of the biggest challenges in this market is locating viable deals that make money. Most people begin that search by either picking up the phone and calling their local real estate agent or by jumping on the Internet and searching realtor.com. But the MLS lists for sale only about 2 to 3% of the inventory possible. The rest is simply not listed with an agent. The majority of the buyers are chasing the minority of the inventory! See what the pros do they do different that most homebuyers don’t. They set up magnets to attract sellers that are not listed for sale. How do you do that? For more details and to listen to this show in its entirety, click on the link above.
Wednesday: Time for the Midweek Report, or should we rename it the Opportunity Report? We are off to a good start for the year, which can be attributed to the strong job creation seen in most of the country, plus larger paychecks to more households, and add to that the recent tax cuts. Just these three positive factors have raised the optimism for more Americans about the economy and their own financial situations. The American dream of homeownership is alive and well, tempered mainly by the lack of available inventory. As a result, people are staying put longer then before..
Thursday: Can an Identity Thief Steal Your House? That was the controversial question posed on Thursday, and based on the responses from our listeners, we raised some eyebrows! Unfortunately, the answer is yes!
Friday: TGIF! Need we say more? We certainly had a great week here on the real estate show, and we recapped the highlights both on the air (in more detail), and on our Facebook page. Just reading this summary article let you know that we are busy bringing you lots of information as well as good tips tactics and strategies on what to do with it. We hope you will help us by sharing the radio show with more and more people. The more people that get educated, and the better that they are educated about real estate, the better it will be for all of us, not just locally but even for this country. So share this post on your site, and tell people where they can listen to us every day no matter where they are around the world!
If you have a property under contract and need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner, #WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/12/18 Thursday:
Can An Identity Thief Steal Your House?
Can An Identity Thief Steal Your House? The surprising answer to this frightening question is Yes! Luckily, The Real Estate Show is on the case! On this episode of our daily radio show, show host Eric Willner , shares how and innocent homeowner in the process of trying to replace an aging and sagging roof made the horrifying discovery that her home was in the process of being stolen right out from under her while still living there! Listen to the whole story by clicking above. Otherwise read on.
After noticing a small leak in what was already a roof who’s life had passed its useful life , this homeowner decided that it was time to replace the roof before any real damage to the interior of the house could happen. She had no idea of what was she about to discover. Luckily, she either could not simply write a check for the repair, or chose not to use liquid funds to make the repair, she applied for a home equity line to finance the new roof. This is when a seemingly straightforward process went awry and turn into a several months long ordeal of paperwork, including the possibility that she could lose her home. You see, in applying for the home equity loan, she found out that and identity theft thief had not only taken one out already, but also had a second mortgage application in process. Potential leaks and water damage, apparently were not the only threat to her home.
Fortunately, after several months of working with both the authorities and the mortgage companies, the whole situation was sorted out, but the threat was very real, and the outcome could have been a disaster. Most people today are more aware of the existence of financial fraud and identity theft, but who worries about the possibility of someone stealing their house?
Real estate and mortgage fraud through identity theft may not be that common, but is a very real risk. If an identity thief can steal your so security number or other identifying details, they can pose as you to a bank, broker, or other financial institution. That criminal might refinance your home for more than what it’s owed, and then take the extra cash and be gone, leaving you to deal with the payments and the lost equity. Or, they can take out a mortgage or home equity line of credit and drain your equity that way. Either way, the title is still in your name, but the equity is gone.
Another way someone can steal your house is through a fraudulent deed transfer. In some cases this may be even easier to do. The identity thief could steal your information and then use it to record a transfer of deed, which would put your property in his or her name. That means that legally you would no longer be the owner of that property. Now that the criminals name is on the deed they would have the right to take out loans against the house, and then disappear. And either situation above, if no payments are made on those loans or the mortgage, the property could end up in foreclosure.
So even though how stealing isn’t as prevalent as credit card fraud, you still need to be aware of it and take measures to avoid it. Whether you own your personal residence, a house, a condo, a rental property, or even a vacation home, any of these could become prey. As I have said all along in these articles on credit, credit fraud prevention, and even identity theft, ultimately, it is your responsibility to protect yourself. Common measures include securing your files and information. Never give out personal information over the phone, especially on calls that you did not initiate. Then, check your credit report regularly. At minimum check your credit report once a year, more if possible. Keep an eye out on any discrepancies or credit inquiries that you did not recognize.
For more details and to listen to this show in its entirety, click on the link above.
If you have a property under contract and need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner, #WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/11/18 Wednesday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/10/18 Tuesday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show 4/9/18 Monday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/6/18 Friday: The Week In Review: Finding The Best Cities to Invest, HUD Home Deals, Inventory Secrets, Identity Theft, and More!
The Real Estate Show kicks off the weekend by wrapping up an information packed week in our The Week In Review: Finding The Best Cities to Invest, HUD Home Deals, Inventory Secrets, Identity Theft, and More! For full details and to listen to this show in its entirety, click on the link above.
Monday: The Real Estate Show celebrates a Happy 19th Anniversary of when this program began in 1999. Through good markets and terrible markets, the Real Estate show has persevered and stayed steady as a pillar to the real estate community. On this Monday's episode, radio talkshow host Eric Willner talks about the Forbes list of 20 best cities to buy in 2018.
Following another year of rising home prices and declining inventory across the country, the big challenge in Real Estate today is finding a good property with a reasonable expectation of a return on your investment. It is challenging, however there are still bargains scattered all over the country, some perhaps even in your own backyard. In the case of the Forbes magazine article, they chose to highlight cities that offer a rare combination of better than average job growth, strong population growth, and properties whose values haven't quite caught up to that growth. Check out the Monday Rebroadcast and get the inside scoop!
Tuesday: The Real Estate Show dives deeper into more HUD Homes Secrets to Winning Deals. Last week we went over and explained what HUD homes are, where to find them, and how the bidding process works. Basically we laid the foundation for one of Real Estate Investors' favorite places to find undervalued properties, even in a competitive marketplace. And, even though HUD likes to favor owner occupied buyers, there are reasons in this process why investors can still end up with the upper hand. For more details and to listen to this show in its entirety, click on the link above.
Wednesday: That means is time for the Midweek Report. The topic was âPending Sales Reverse Course, What Now?â in this episode The Real Estate Show reveals how pending home sales bounce back in much of the country last month. However tightening affordability and not enough inventory on the market restricted overall activity compare to a year ago, that according to the National Association of Realtors' (NAR) latest report. The Pending Home Sales Index (PHSI), which is a forward-looking indicator that is based on contract signings, grew 3.1% last month. According to Lawrence Yun, NAR chief economist, he says the housing market has gotten off to an in even start so far in 2018 because "The expanding economy and healthy job market are generating sizable homebuyer demand, but the minuscule number of listings on the market and it's adverse effect on affordability are squeezing buyers and suppressing overall activity." He further added, "Expect ongoing volatility in the northeast region at least through March. Although pending sales there bounced back in February, following January's cold weather related decline, the multiple winter storms over the last few weeks likely will put a chill on contract signings once again this month." What does this mean to you and I? For more a detailed conversation and to listen to this show in its entirety, click on the link above.
Thursday: Identity Theft, What it Is, and Why You Should Know
The Real Estate Show today touched on the nerve of a very sensitive subject known as identity theft. Identity theft is now recognized as one of the fastest growing crimes anywhere and literally affects millions of people every day. Also, it is no longer limited to areas like just bank accounts or credit cards, but can literally affect every aspect of your life, including Real Estate. For this reason, it is important to be aware about what it is, how to identify it, and what to do once you recognize it.
Identity theft is defined as the intentional or deliberate use of someone else's identity to gain a financial advantage, or obtain credit and other benefits in another person's name. The result may be to benefit the thief, but it also may be done to intentionally harm the victim and cause the other persons disadvantage or loss. As you can see, between individual theft, data breaches on a large scale, plus rogue software, one really has to be protective and careful about your personal sensitive information. As real estate investors, we often rely heavily on credit. So this problem can also be threat to your investing. But credit is not the only area of real estate that is affected by identity theft and fraud. You've probably heard stories of people transferring deeds using identity fraud and literally stealing peoples equity. Needless to say, there's a lot more for us to explore on this topic, and we will in the coming weeks. For more details and to listen to this show in its entirety, click on the link above.
If you have a property under contract or need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com. Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show 4/5/18 Thursday:
Identity Theft, What it Is, and Why You Should Know
The Real Estate Show today touched on the nerve of a very sensitive subject known as identity theft. Identity theft is now recognized as one of the fastest growing crimes anywhere and literally affects millions of people every day. Also, it is no longer limited to areas like just bank accounts or credit cards, but can literally affect every aspect of your life, including Real Estate. For this reason, it is important to be aware about what it is, how to identify it, and what to do once you recognize it.
Identity theft is defined as the intentional or deliberate use of someone else's identity to gain a financial advantage, or obtain credit and other benefits in another person's name. The result may be to benefit the thief, but it also may be done to intentionally harm the victim and cause the other persons disadvantage or loss. For example, the person whose identity was stolen can suffer severe adverse consequences, especially if they are held responsible for the perpetrators actions. Therefore, identity theft is recognized to have occurred when someone uses another's personally identifying information like their name, identifying numbers, or bank or credit card numbers without their permission in order to commit fraud or other crimes.
While identity theft is increasingly popular in the headlines now, according to Oxford English dictionary, the term "identity theft" was coined back in 1964. Since that time, according to Wikipedia, the definition of identity theft has been statutorily prescribed throughout the United States and England, as the theft of personally identifying information which generally includes a persons name, date of birth, Social Security number, drivers license number, bank account numbers, credit card numbers, pin numbers, electronic signatures, fingerprints, passwords, and any other information that can be used to access a person's financial resources.
In addition to identity theft, we now have to be concerned with data breaches at the companies that also hold our personal information. Recognizing the link between data breaches and identity theft is also a challenge, especially because identity theft victims often do not know how their personal information was obtained in the first place. Add to that Identity theft is not always detectable by the individual victims, according to a report done for the FTC. Identity fraud is often, but not necessarily, the consequence of identity theft. Someone can steal or misappropriate personal information without then committing identity theft by using the information about every person, such as when a major data breach occurs. The truth is, and the report also warned, that the full extent of damage is actually "unknown".
In addition to data breaches, malicious software is also a huge concern. As one security specialist said, "interested in credit card theft? There's an app for that." That statement sums up the ease with which hackers are accessing all kinds of information online. Notably, a new virus program for infecting users computers is making the rounds, called Zeus. The program is known to be so hacker friendly, that even an inexperienced hacker can operate it. Although the hacking program is easy to use, that fact does not diminish the devastating effects that Zeus, or other software like Zeus, can you do to a computer and the user. For example, this program and other programs like Zeus, can steal credit card information, important documents, and even documents necessary for a homeland security. If the hacker where to gain this information, it would mean identity theft, or even a possible terrorist attack.
As you can see, between individual theft, data breaches on a large scale, plus rogue software, one really has to be protective and careful about your personal sensitive information. As real estate investors, we often rely heavily on credit. So this problem can also be threat to your investing. But credit is not the only area of real estate that is affected by identity theft and fraud. You've probably heard stories of people transferring deeds using identity fraud and literally stealing peoples equity. Needless to say, there's a lot more for us to explore on this topic, and we will in the coming weeks. For more details and to listen to this show in its entirety, click on the link above.
If you have a property under contract and need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com. Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/4/18 Wednesday:
Midweek Report-Pending Sales Reverse Course, What Now?
Today The Real Estate Show reveals how pending home sales bounce back in much of the country last month. However tightening affordability and not enough inventory on the market restricted overall activity compare to a year ago, that according to the National Association of Realtors' (NAR) latest report. The Pending Home Sales Index (PHSI), which is a forward-looking indicator that is based on contract signings, grew 3.1% last month. However, last month's increase which is now the 2nd highest since 2016, is 4.1% below where it stood one year ago. For more a detailed conversation and to listen to this show in its entirety, click on the link above.
According to Lawrence Yun, NAR chief economist, he says the housing market has gotten off to an in even start so far in 2018 because "The expanding economy and healthy job market are generating sizable homebuyer demand, but the minuscule number of listings on the market and it's adverse effect on affordability are squeezing buyers and suppressing overall activity." He further added, "Expect ongoing volatility in the northeast region at least through March. Although pending sales there bounced back in February, following January's cold weather related decline, the multiple winter storms over the last few weeks likely will put a chill on contract signings once again this month." What does this mean to you and I?
Well, spring is here, and that means the beginning of the serious buying season in real estate nationwide. Yun believes that one of the top wild cards for the housing market in the coming months will be how both buyers and potential sellers react to the steady climb in mortgage rates since late last year. Perspective buyers continue to feel the strain of scarce inventory and the resulting swift price growth, almost 6% so far, just this year in 2018. Then add to that the higher borrowing costs, which will only add to the pressure placed on their budget. Meanwhile, more potential sellers are deciding to wait to list their homes for sale out of uncertainty of losing their low mortgage rates, specially if they refinanced in recent years. That would not be good News for any relief regarding ongoing supply shortages in much of the country.
There's another interesting phenomena taking place. Homeowners are already staying in their homes longer before selling and at 10 years average, that's at an all-time high. This is adding to the inventory crunch and will probably muffle any further sales growth. For investors, it may make the task of finding discounts more difficult. However, when they do, sales will be easier and more profitable. This may separate the not-so-serious from the serious investors in the short run. Which are you?
If you are serious about getting started in investing in real estate now, or have a property under contract and need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/3/18 Tuesday:
HUD Homes Secrets to Winning Deals
The Real Estate Show dives deeper into more HUD Homes Secrets to Winning Deals. Last week we went over and explained what HUD homes are, where to find them, and how the bidding process works. Basically we laid the foundation for one of Real Estate Investors' favorite places to find undervalued properties - even in a competitive marketplace. And, even though HUD likes to favor owner occupied buyers, there are reasons in this process why investors can still end up with the upper hand. For more details and to listen to this show in its entirety, click on the link above.
We are now at the point where you've found a HUD home you're interested in, and you are ready to make an offer. The first question that comes to mind is, how much? And here is where I cannot emphasize enough, that whether it be a HUD property, a bank foreclosure, or a private negotiation with an individual owner, the fundamental rule is the same. Make offers based on your numbers that work for you, not theirs. I am not saying to ignore their numbers, because in reality you must take the asking into the context of what ever you do offer, but ultimately the deal needs to work for you and make you a profit.
Now, in the case of HUD, they are typically looking for at least 80% of their perceived market value. Their policy is to list the property at market value, so if you are able to offer 80% or more of their asking price, the odds are good that the offer will be accepted. Of course, assuming there are no other more competitive bids.
Again, if 80% or so of asking price is not low enough to make the deal work for you, then you have to make a decision: either move on to another property, or better, keep an eye on that property, because if it does not sell, HUD will lower the price. I have seen this play out over and over. Keep in mind that while 80% is a reasonable place to start, it may very indifferent markets and settings.
Assume for now, that your offer has been accepted. Now the fun really begins! First there will be an inspection period. Then, depending on the contract, you'll have between 30 and 40 days to close. By the way, if you did this right, and your proof of funds letter was written correctly, your offer was considered a cash offer. This is important because a cash offer differentiates you from any others that might have relied on third-party financing. The bottom line is your offer is superior.
The inspection period is also critical. Most lenders require a five, seven, 10, and occasionally, up to 14 day inspection period. This is the time where you can conduct any further inspections and or do your initial marketing test. In either case, before the inspection period expires, you have the opportunity to either except or decline going through with the purchase. This initial timeframe is where the rubber really hits the road, and where many deals are either made or broken. Once you pass the inspection., It's time to make your Final arrangements to close and proceed with the strategy that you have chosen for this property. You may choose to wholesale it, fix and flip it, or hold onto it for long term cash flow and appreciation. If you have a property under contract and need help or want more information, contact us at 888-595-7779 or via our website at AutomaticLandlord.com.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 4/2/19 Monday: M.O.M -
Forbes Report on Where to Invest in 2018
Today The Real Estate Show celebrates a Happy 19th Anniversary of when this program began in 1999. Through good markets and terrible markets, the Real Estate show has persevered and stayed steady as a pillar to the real estate community. On this Monday's episode, radio talkshow host Eric Willner talks about the Forbes list of 20 best cities to buy in 2018.
Following another year of rising home prices and declining inventory across the country, the big challenge in Real Estate today is finding a good property with a reasonable expectation of a return on your investment. It is challenging, however there are still bargains scattered all over the country, some perhaps even in your own backyard. In the case of the Forbes magazine article, they chose to highlight cities that offer a rare combination of better than average job growth, strong population growth, and properties whose values haven't quite caught up to that growth.
How long it will take for the property values to catch up with the other areas of growth is yet to be seen. For that reason, if your time horizon is short, or you are just trying to buy and flip properties, these may not be in the market for you, at least not just yet. However, if you are investing for the medium to long-term, pay close attention to these statistics.
The three-year price growth forecast for the 20 cities on this list range from 11% for Washington, DC, to 35% for Orlando, Florida. That's pretty strong! Not only do these statistics speak well of the real estate market over the next three years, but it also indicates that these are the places where growth appears to be the most sustainable over the medium and long-term. As a real estate investor, and also as a homeowner, that's good news.
So let's take a look at a sample of some of these properties cities that are listed as Best Buy's. Number 1 on the list is Orlando, Florida, the land of Mickey Mouse. For starters, Orlando home prices increased 9% in 2017. The average home price of $247,550 is still below the national average. The article believes that the market is still fairly valued and goes on to forecast prices will increase 35% by the start of 2021. That optimism is thanks in large part to Orlando's 7.1% job growth over the past two years, plus 7.6% population growth over the last three years. Orlando, as a city, does well when the rest of the country is doing well, since it's economy depends heavily on tourism. Another factor adding to the optimism is that Orlando still has not fully recovered from the housing crash, and is 22% below the national average home price.
Now let's take a look at the other end of the arena. Several West Coast and Texas cities that had strong demand from high paid tech and energy workers, have brought prices to the edge of affordability. Whereas before, some of the cities looked like a safe bet, lightning fast 2017 price growth has made them fully priced out. As an example, Austin, Texas, what is the number seven spot on the 2016 list. After a 7% rise in 2017 to an average of $305,000, home prices are now 30% above the price to income ratio the city has historically supported. For a full recording, listen by clicking the link above.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 3/30/18 friday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 3/9/18 thrusday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 3/28/18 Wednesday:
Today on The Real Estate Show: Listen to our latest show by clicking on the link above. Then:
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 3/27/18 Tuesday: HUD Foreclosures - Part Two
By popular demand, The Real Estate Show adds a "Part Two" to its discussion on HUD Foreclosures. This is something that every serious real estate investor should know. It's also good for any flexible or creative homebuyers to know. Yesterday, in a little more detail, we covered who HUD is, how a HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action, usually on an FHA-insured mortgage. At that point, HUD becomes the owner of the property, and offers it for sale to recover its loss on the foreclosure claim.
We also covered a little bit about the bidding process, more specifically who is allowed to bid on a HUD foreclosure property. First, HUD homes are made available to owner occupants. As you may know, HUD's mission is to make home ownership more accessible and more affordable to more Americans. The American Dream of homeownership. Also, if the federal government is going to take a loss on a property from having insured it, and then foreclosed on it, they want to make sure that any kind of bargain or savings that comes from this should first be offered to owner occupants.
Then after being offered to the owner occupants, some of them may be offered at a deep discount to police officers, firefighters, and even teachers at up to 50% off the listing price. This could be a great opportunity for someone you know in one of those categories! Finally, after this waiting period, often referred to as the first look period, HUD will offer the property to the general public, which includes investors. This is where the opportunity to buy homes at a deep discount begins. However, many investors miss this opportunity because they think that if only "the left overs" are offered to investors, they must not be good deals. That may be a big mistake.
It is true, that HUD offers up the leftovers to investors, those properties that owner occupants don't want, but viewed differently, that may be exactly where the opportunity lies. You see, when a property can or will not sell to an owner occupant, HUD then labels these properties uninsurable. That means HUD is unwilling to ensure a new mortgage on this property, usually because of the condition of the property. And isn't it true, that we are looking for distressed properties to buy at a discount, fix up and add value, and then sell at a profit? Absolutely!
HUD foreclosures can be and often are great opportunities, however, being well informed is very important in this process. One thing you have to watch out for are fees and closing costs, which are added on top of your offer price. You could be offering $100,000 for a property, and end up paying $104,000, as a result of fees and closing costs. Make sure that when you make your offer that you understand, in advance, exactly what expenses are involved. Also make sure that you were going to legitimate HUD websites, when making your bids. Hudhomestore.com is one.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Radio Show Notes 3/26/18 Monday:
Monday's On a Mission - Finding Inventory in a Tight Market
The Real Estate Show sets in motion another great week on its Monday's On a Mission edition of the radio show by talking about Finding Inventory in a Tight Market. There is no question that we are in a sellers market. Demand for real estate is high. The supply of available homes for sale is simply not meeting that demand. This is no time to be a casual shopper if your goal is to own a piece of the American Dream. More importantly, if you are only looking at the inventory available on the MLS, you're missing out on a great portion of the marketplace, and where the best deals really are. Where should you look then? That's what today's program is about, it's about looking at an often overlooked but readily available list of homes, known as HUD homes.
HUD stands for housing and urban development, it refers to the US Department of Housing and Urban Development, which is a Cabinet department in the executive branch of the US federal government.The mission of HUD is " To ensure Americans have access to fair, affordable housing and opportunities to achieve self sufficiency and thereby strengthening our communities and nation". In other words, how it is working to strengthen the housing market in order to strengthen the economy and protect consumers; they also seek to meet the need for a quality affordable rental homes and utilize housing as a platform for improving the quality of life.
For the homebuyer, they provide a website known as HUDhomestore.com. This is the site where you can search for 1 to 4 unit residential properties which have been acquired by HUD as a result of a foreclosure action. These are usually from an FHA insured mortgage. HUD then becomes the property owner and offers it for sale in order to recover the loss of the foreclosure claim. This site allows you to search for properties anywhere in the US.
Llet's say that you have visited the site and find a property that you like. You'll need to connect with a HUD registered real estate agent on that site who can then make an offer for you. Don't worry, HUD will pay their commission, so you'll get their help and assistance, but it won't cost you. Something else that you must be aware of is that HUD makes homes available first to owner occupants. That's because the federal government, having insured it and then taken it back it as a foreclosure, will follow through in its mission to try and make affordable homes available to home owners first. Therefore for a period of time, they will first offer it to owner occupants, if after being offered to owner occupants, the property still isn't sold, they will offer them to police officers, firefighters and teachers at a discount off of the listing price. Then they will also try to offer it to some HUD approved nonprofit organization's. Then, and in only after that, they offer to the general public, which includes you, the investor. Some investors get discouraged by this process. They think and believe that if they've offered to everyone else first, then anything what is left over, would be considered junk or undesirable property. And in a way, that's true. Investors get what owner occupants do not want â, or perhaps in a slightly different perspective, investors get what the home owners can't handle. And there lies the OPPORTUNITY! We will talk about this and the reasoning why this may be a great opportunity for the real estate investor in our next episode. Stay tuned and listen to tomorrow's show.
Every day you can earn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
The Real Estate Show topped off another great week of shows full of information, education, and useful tips for Real Estate listeners of the real estate show. Featuring The Week in Review Plus US Existing Home Sales Results for Last Month, it may have been the show you can't miss this week. If you missed the live broadcast, you can always hear the archived recordings on Facebook.com/TheRealEstateShow, and you can read a brief summary below:
MONDAY: The Real Estate Show Shares a classic book called The 4 Pillars of Investing, by William Bernstein. While it is geared towards equity and stock investing, it does talk about the concept of investing as a broad approach. The Book by William Bernstein is definitely worth the read, and is widely regarded as a good starting place for the average investor. Mostly, I think it sets a good foundation for the expectations and realities of what investing is all about. Click on the link above to hear the show in its entirety, however below is a short, very short summary, an excerpt, actually, of what the book is about. Pillar One: Theory. The first, and most important, part of the book will survey the awesome body of theory and data relevant to everyday investing. Donât be daunted by this; my primary mission is to present this information in terms that you will find both understandable and entertaining. Weâll learn that: ⢠Whether you invest in stocks, bonds, or for that matter real estate or any other kind of capital asset, you are rewarded mainly for your exposure to one thingâits risk. Weâll learn just how to measure that risk and explore the interplay oRadio Show Notes 3/23/18 Friday:
The Week in Review Plus US Existing Home Sales Results for Last Monthf risk and investment return. Pillar Two: History: the investor who is unaware of financial history is irretrievably handicapped. For this reason, an understanding of financial history provides an additional dimension of expertise. In this section, weâll study the history of finance through the widest possible lens by examining: Just what the centuries of recorded financial history tell us about the short-term and long-term behavior of various financial assets. ⢠How, from time to time, the investing public becomes almost psychotically euphoric, and at other times, toxically depressed. ⢠How modern investment technology has exposed investors to new risks.Pillar Three: Psychology. Youâll learn how to avoid the most common behavioral mistakes and to confront your own dysfunctional investment behavior. You will find out, for example, that most investors: tend to become grossly overconfident. Systematically pay too much for certain classes of stocks. Trade too much, at great cost. Regularly make irrational buy and sell decisions. Pillar Four: Business Investors tend to be touchingly naïve about stockbrokers and mutual fund companies: brokers are not your friends, and the interests of the fund companies are highly divergent from yours. You are in fact locked in a financial life-and-death struggle with the investment industry; losing that battle puts you at increased risk of running short of assets far sooner than youâd like.
TUESDAY: The 4 Pillars of (Real Estate) Investing - A Practical Guide. The Real Estate Show follows up yesterday's well received show on the popular stock investors book, "The 4 Pillars of Investing", with The 4 Pillars of (Real Estate) Investing - A Practical Guide aimed at Real Estate Investors. While building on some of the very real concepts of investing laid out by William Bernstein, these four pillars are designed to be much more practical and actionable. To be clear, I am not making a comparison between the two, but in fact I am using one to build up for the other. The concept of the four pillars of real estate investing is the ultimate all-inclusive, and most comprehensive, package which gives you all the necessary tools to make serious money in real estate investing. If you were looking for a one stop solutionwith everything you needed to jump headfirst into the real estate investing business, then read on:
Pillar 1: The Capital. One of the trickiest hurtles to get around when getting into real estate investing is securing the capital to actually buy a property. No capital usually means no property, and no property means no profit.
Pillar 2: The System. Having a system and a Trak to run on is another one of the biggest challenges cited by beginner and advanced real estate investors alike. Whether to get started, or in order to scale an existing business beyond a yellow pad, you need a system to stay organized, save you time, and energy, and help to you manage and automate every aspect of your business.
Pillar 3: The Supply Side. As in any business, you must have inventory. This is in the form of either a product or a service, but in business, you necessarily provide something â that's your supply. Therefore it's critical to have a source that literally provides you unlimited access to a nationwide database of motivated sellers throughout the country. You simply plug in the ZIP Code or county in the system provides you with a list and information about getting that supply.
Pillar 4: The Demand-side. Once you have supply, now you must locate your customer, also known as the demand. In real estate, Especially when it comes to flipping houses, you need access to a list of hungry qualified cash buyers ready to buy real estate. Our system not only provides tens of thousands of potential cash buyers, but it will also specify how many deals those cash buyers have done, So you know that you're dealing with real players instead of wasting your time with a tire kicker that could leave you high and dry. Never worry again about not being able to find a buyer for your properties again.
WEDNESDAY: Midweek Report: Millennials Top the List of Homebuyers, But Many Still Can't Escape Their Parents. The Real Estate Show draws from the recently released national Association of realtors 2018 home buyer and seller generational trends study, which evaluates the generational differences of recent home buyers and sellers.A little bit more than a third (36%) of all home purchases were made by millennials over the past year. That's a slight increase over 2017 where the figure was 34%. These results kept them as the most active generation of buyers for the fifth consecutive year. Generation X buyers, ranked second at 26% of all home purchases. Baby boomers accounted for 14%.
THURSDAY: How to Build Credit - The Real Estate Show adds another gem in the weekly series on credit with today's edition on How to Build Credit. Building credit can be a challenge, especially if you don't have any already. If you don't have any credit history, it is difficult to get a loan, A credit card, or even an apartment. A Fico score, widely regarded as the industry standard, requires you to have at least one account open six months or longer. But that's not enough, you also need at least one creditor reporting your activity to the credit bureau's during the last six months. So here are five ways you can establish credit: 1. Apply for a secured credit card. Especially if you're starting from scratch, you might need to start with a secured credit card, which is backed by a cash deposit you make a front. The amount of the deposit you make is usually the same as your credit limit. Once you put up the deposit, you will use the credit card like any other credit card to buy things, to make a payment, etc. Needless to say it's important to make your payments on or before the due dates. 2. Apply for a starter or credit builder loan. These loans are designed for the sole purpose of helping people to build credit. Usually the money you borrow is held by the lender in an account and not released to you until the loan is repaid. It's basically a forced savings plan and your payments are reported to the credit bureau's. These loans are most often offered by credit unions or community banks. 3. Find a cosigner. Another option is to get a loan or unsecured credit card using a cosigner. Be sure that you and the cosigner understand that the cosigner is also responsible for the full amount owed if you do not pay.4. Become an authorized user on an existing account belonging to someone else.
We broadcast live everyday so you can stay on top of the market and learn more about Real Estate Investing. You can also learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
How to Build Credit
The Real Estate Show adds another gem in the weekly series on credit with today's edition of How to Build Credit. Building credit can be a challenge, especially if you don't have any already. If you don't have any credit history, it is difficult to get a loan, A credit card, or even an apartment. So how are you supposed to show a history of responsible repayments if no one will give you credit in the first place? That's the question we answer in today's episode of The Real Estate Show.
A Fico score, widely regarded as the industry standard, requires you to have at least one account open six months or longer. But that's not enough, you also need at least one creditor reporting your activity to the credit bureau's during the last six months. So what do you do? You can start by using several tools that help you to establish a credit history. For example, secured credit cards or a starter or credit builder loan can go along the way to do that. You can also find a cosigner for a credit card or loan, or someone can add you to their existing credit card as an authorized user on their account.
So here are five ways you can establish credit:
-
Apply for a secured credit card. Especially if you're starting from scratch, you might need to start with a secured credit card, which is backed by a cash deposit you make a front. The amount of the deposit you make is usually the same as your credit limit. Once you put up the deposit, you will use the credit card like any other credit card to buy things, to make a payment, etc. Needless to say, it's important to make your payments on or before the due dates.
-
Apply for a starter or credit builder loan. These loans are designed for the sole purpose of helping people to build credit. Usually, the money you borrow is held by the lender in an account and not released to you until the loan is repaid. It's basically a forced savings plan and your payments are reported to the credit bureau's. These loans are most often offered by credit unions or community banks.
-
Find a cosigner. Another option is to get a loan or unsecured credit card using a cosigner. Be sure that you and the cosigner understand that the cosigner is also responsible for the full amount owed if you do not pay.
-
Become an authorized user on an existing account belonging to someone else. Sometimes a family member, relative, or significant other may be willing to add you as an authorized user on his or her existing credit card. When you are an authorized user, you get the same access to the credit card use, and it also reports to your credit history so you can build that history. Make sure you find out whether the credit card issuer reports authorized user activity to the credit bureau's, not all do.
- Make sure you get credit for the rent you pay. There are rented reporting services such as rental karma and rent track that take a bill you are already paying and put it on your credit report. This helps build a positive history of OnTime payments.not every credit score takes these payments into account, but some do, and that baby enough to get a loan or credit card that firmly established with your credit history for the future.
For more about this topic, and to learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Midweek Report: Millennials Top the List of Homebuyers, But Many Still Can't Escape Their Parents
The Real Estate Show draws from the recently released National Association of realtors 2018 home buyer and seller generational trends study, which evaluates the generational differences of recent home buyers and sellers. The study, additionally found that millennial buyers prioritize living close to friends and family over a Homes location and proximity to schools.
A little bit more than a third (36%) of all home purchases were made by millennials over the past year. That's a slight increase over 2017 where the figure was 34%. These results kept them as the most active generation of buyers for the fifth consecutive year. Generation X buyers ranked second at 26% of all home purchases. Baby boomers accounted for 14%.
The chief economist for the National Association of Realtors, Lawrence young, said these year survey findings revealed both what it takes to be a successful millennial Byron today's housing market as well as why many still cannot buy. Inventory continues to be an obstacle for the market, as does their income. The survey revealed that greater purchasing power is needed in order to keep up with rising prices. Also, millennials had higher student debt balance is that in last year survey and slightly more of them said saving for a down payment was the most difficult task of buying a home.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
The 4 Pillars of (Real Estate) Investing - A Practical Guide.
The Real Estate Show follows up yesterday's well-received show on the popular stock investors book, "The 4 Pillars of Investing", with The 4 Pillars of (Real Estate) Investing - A Practical Guide aimed at Real Estate Investors. While building on some of the very real concepts of investing laid out by William Bernstein, these four pillars are designed to be much more practical and actionable. To be clear, I am not making a comparison between the two, but in fact, I am using one to build up for the other. I consider both to be very sound advice. The best idea is to go ahead and listen to both yesterday and today's shows by clicking on the link above, or below for yesterday. In the meantime, here is a quick summary of what I covered on today's show:
The concept of the four pillars of real estate investing is the ultimate all-inclusive and most comprehensive, package which gives you all the necessary tools to make serious money in real estate investing. If you were looking for a one-stop solution with everything you needed to jump headfirst into the real estate investing business, then read on:
Pillar 1: The Capital. One of the trickiest hurdles to get around when getting into real estate investing is securing the capital to actually buy a property. No capital usually means no property, and no property means no profit.
Pillar 2: The System. Having a system and a Trak to run on is another one of the biggest challenges cited by beginner and advanced real estate investors alike. Whether to get started, or in order to scale an existing business beyond a yellow pad, you need a system to stay organized, save you time, and energy, and help to you manage and automate every aspect of your business.
Pillar 3: The Supply Side. As in any business, you must have inventory. This is in the form of either a product or a service, but in business, you necessarily provide something â that's your supply. Therefore it's critical to have a source that literally provides you unlimited access to a nationwide database of motivated sellers throughout the country. You simply plug in the ZIP Code or county in the system provides you with a list and information about getting that supply.
Pillar 4: The Demand-side. Once you have supply, now you must locate your customer, also known as the demand. In real estate, Especially when it comes to flipping houses, you need access to a list of hungry qualified cash buyers ready to buy real estate. Our system not only provides tens of thousands of potential cash buyers, but it will also specify how many deals those cash buyers have done, So you know that you're dealing with real players instead of wasting your time with a tire kicker that could leave you high and dry. Never worry again about not being able to find a buyer for your properties again.
If you would like to learn more about the four pillars of real estate investing, go to our website AutomaticLandlord.com and click on Four Pillars Training where you'll get access to our next FREE online training.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
The 4 Pillars of Investing: The Book by William Bernstein
The Real Estate Show Shares a classic book called The 4 Pillars of Investing. While it is geared towards equity and stock investing, it does talk about the concept of investing as a broad approach. The Book by William Bernstein is definitely worth the read, and is widely regarded as a good starting place for the average investor. Mostly, I think it sets a good foundation for the expectations and realities of what investing is all about. Click on the link above to hear the show in its entirety, however below is a short, very short summary, an excerpt, actually, of what the book is about.
Pillar One: Theory The most fundamental characteristic of any investment is that its return and risk go hand in hand. As all too many have learned in the past few years, a market that doubles rapidly is just as likely to halve rapidly, and a stock that appreciates 900% is just as likely to fall 90%. Or that when a broker calls suggesting that the price of a particular stock will rocket, what heâs really telling you is that he is not overly impressed with your intelligence. Otherwise, you would realize that if he actually knew that the price was going to increase, he would not tell it to you or even his own mother. Instead, he would quit his job, borrow to the hilt, purchase as much of the stock as he could, and then go to the beach. The first, and most important, part of the book will survey the awesome body of theory and data relevant to everyday investing. Donât be daunted by this; my primary mission is to present this information in terms that you will find both understandable and entertaining. Weâll learn that: ⢠Whether you invest in stocks, bonds, or for that matter real estate or any other kind of capital asset, you are rewarded mainly for your exposure to one thingâits risk. Weâll learn just how to measure that risk and explore the interplay of risk and investment return. ⢠Over the long haul, it is not that hard to measure the probable return of different kinds of stocks and bonds; yet even well respected experts usually manage to do a bad job of this. ⢠Almost all the differences in the performances of money managers can be ascribed to luck and not to skill; you are most certainly not rewarded for trying to pick the best-performing stocks, mutual funds, stockbrokers, or hedge funds. ⢠The biggest risk of all is failing to diversify properly.
⢠Itâs the behavior of your portfolio as a whole, and not the assets in it, that matters most. Weâll also learn that a portfolio can behave in ways radically different than its component parts, and that this can be used to your advantage. The science of mixing different asset classes into an effective blend is called âportfolio theoryâ and occupies center court in the grand tournament of investing.
Pillar Two: History: It is a fact that, from time to time, the markets and investing public go barking mad. Of course, the madness is obvious only in retrospect. But a study of previous manias and crashes will give you at least a fighting chance of recognizing when asset prices have become absurdly expensive and risky and when they have become too depressed and cheap to pass up. The simplest way of separating managers who would be suckered into the dot-com mania (or, more recently, homeowners who took out interest-only liar-loan mortgages) from those who would not would be to administer a brief quiz on the 1929 crash. Finance, unfortunately, is not a âhardâ science. It is instead a social science. The difference is this: a bridge, electrical circuit, or aircraft should always respond in exactly the same way to a given set of circumstances. What separates the âhardâ sciences of physics, engineering, electronics, or aeronautics from the âsocialâ sciences is that in finance (or sociology, politics, and education) apparently similar systems will behave very differently over time. Put a different way, a physician, physicist, or chemist who is unaware of their disciplineâs history does not suffer greatly from the lack thereof; the investor who is unaware of financial history is irretrievably handicapped. For this reason, an understanding of financial history provides an additional dimension of expertise. In this section, weâll study the history of finance through the widest possible lens by examining: ⢠Just what the centuries of recorded financial history tell us about the short-term and long-term behavior of various financial assets. ⢠How, from time to time, the investing public becomes almost psychotically euphoric, and at other times, toxically depressed. ⢠How modern investment technology has exposed investors to new risks.
Pillar Three: Psychology Most of what we fondly call âhuman natureâ becomes a deadly quicksand of maladaptive behavior when allowed to roam free in the investment arena. A small example: people tend to be attracted to financial choices that carry low probabilities of high payoffs. In spite of the fact that the average payoff of a lottery ticket is only 50 cents on the dollar, millions âinvestâ in it. While this is a relatively minor foible for most, it becomes far more menacing as an investment strategy. One of the quickest ways to the poorhouse is to make finding the next Microsoft your primary investing goal. Only recently have academics and practitioners begun the serious study of how the individual investorâs state of mind affects his or her decision making; weâll survey the fascinating area of âbehavioral finance.â Youâll learn how to avoid the most common behavioral mistakes and to confront your own dysfunctional investment behavior. You will find out, for example, that most investors: tend to become grossly overconfident. Systematically pay too much for certain classes of stocks. Trade too much, at great cost. Regularly make irrational buy and sell decisions.
Pillar Four: Business Investors tend to be touchingly naïve about stockbrokers and mutual fund companies: brokers are not your friends, and the interests of the fund companies are highly divergent from yours. You are in fact locked in a financial life-and-death struggle with the investment industry; losing that battle puts you at increased risk of running short of assets far sooner than youâd like. The more you know about the industryâs priorities and how it operates, the more likely it is that you will be able to thwart it. The brokerage and mutual fund businesses form a financial colossus that bestrides modern financial, and increasingly, social, and political life. (If you doubt this, just turn on your television and time the interval between advertisements for financial services.) In the bookâs penultimate section, then, weâll examine how the modern financial services industry is designed solely to serve itself, and how it: ⢠Exists almost entirely for one purpose: the extraction of fees and commissions from the investing public, and that in fact, we are all locked in a constant zero-sum battle with this behemoth. ⢠Operates at a level of educational, moral, and ethical imperatives that would be inconceivable in any other profession. A small example: by law, bankers, lawyers, and accountants all have a fiduciary responsibility towards their clients. Not so stockbrokers.
IOnly after youâve mastered these four areas can you formulate an overall investment strategy. Only after youâve formulated a program that focuses on asset classes and the behavior of asset-class mixtures will you have any chance for overall success. A deficiency in any of the Four Pillars will torpedo this program with brutal dispatch.
In Conclusion Although I hope that Iâve conveyed my enthusiasm for financial theory, history, psychology, and strategy, Iâll freely admit that Iâve been dealt the short straw in the subject scintillation departmentâthis book, after all, is not a bodice-ripper or a spy thriller. There is no arguing with the fact that some areas of finance can be damnably opaque, even to cognoscenti. This book, then, should be consumed in small bites, perhaps ten or twenty pages at a time, preferably first thing in the morning. Lastly, while Iâve tried to make this work as comprehensive and readable as possible, no one book can claim to be an all-encompassing source of investment instruction. At best, what is offered here is a study guideâa financial tour dâhorizon, if you will. Personal finance, like most important aspects of life, is a never-ending quest. The competent investor never stops learning. As such, the most valuable section is the reading list of the end of Chapter 11. Remarkably, eight years after this bookâs original publication, it survives with only one change, which is to update the latest edition of Jack Bogleâs amazing Common Sense on Mutual Funds. This list should guide you through the subsequent legs of the life-long journey towards financial self-sufficiency.
(End of Excerpt)
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
The Week in Review & The Mortgage Debt Exclusion Debate
The Real Estate Show caps another great week on Friday's "The Week in Review" and opened up a challenging conversation about the taxation of the Mortgage Debt Exclusion. What is that?? Read on or listen to today's show by clicking the link above. Meanwhile, here is a brief summary of what happened on The Real Estate Show:
Monday: On the Mondays on a Mission edition, we crushed the Monday morning blues with a lesson on how to create the motivation you need that can drive you to do anything you want. It's up to you! That's because motivation, true motivation, comes from within, not from external sources. Those that realize this can harness its power and do great things. Those that don't, go to motivational seminars only to find out that there was no magic pill there.
Listen to Monday's show below for more.
Tuesday: We covered Part II of Determining Your Best Target Market on the Tools, Tips, and Techniques episode. Here we revealed some professional tips in determining your best target area to invest in real estate. Listening to part one last week and part two this past Tuesday will greatly help you narrow your focus to an area that gives you real results.
Wednesday: That means its time for the Midweek Report, and this week we covered another reason why real estate investing is the best vehicle out there. The reason is something called depreciation. Depreciation coupled with tax-advantaged passive income is a powerful combination for wealth building. You need to truly understand this, and use it to your benefit. Start by listening to Wednesdays show down below!
Thursday: In yet another episode in a series of super informative shows about credit, we talk about a little-known tool to help you improve your Credit score - The Credit Simulator. Learn more about how to plan and predict smart moves to improve your credit score and view how much of an effect it will have on your credit score before actually doing it. Learn more by clicking on the most recent Thursday show link below.
Friday: in addition to a quick review of the week's topics, radio show host Eric Willner asked listeners for their feedback regarding the exclusion of forgiving the home mortgage debt following a foreclosure, short sale, or loan modification. There is a movement afoot to bring back that expired exclusion and to make it permanent. The reason that the National Association of Realtors One this is an order to provide relief to troubled borrowers and minimize the damage to families, neighborhoods, and communities. For more on this discussion, listen to the second half of the Friday show.
You can learn so much more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
This Week's Credit Tip: Credit Simulators, Your Credit Crystal Ball
The Real Estate Show takes its Series on Credit up a notch with This Week's Credit Tip: Credit Simulators, Your Credit Crystal Ball. If you have been following our series since the beginning of the year you are now well aware of how important a good credit score is, and that it is your responsibility to monitor and protect your credit score. In today's episode, we talk about a very useful tool that not many people know is available to them, and best of all, it's free!
A credit score simulator is a financial tool that allows you to see the effects of changes to your credit report before they actually happen. Think of it as sort of a credit crystal ball.It could also be an educational tool that guides you to make the right moves. While not 100% accurate, they are calculated and estimated outcomes, not just guesses or predictions. The simulators were once only available to industry professionals only, but today they are easily accessible on such sites as creditkarma.com.
These credit score simulators start with the information in your current credit report and then explores how changing that information could affect your score. While it is hypothetical, it is a pretty good predictor of the outcome of the contemplated action. Remember there are three credit repositories, each containing slightly different information, therefore pay attention to what repository the simulator is addressing. I may have to run a separate simulation for each credit bureau. It's also worth noting that running the simulations won't actually affect your real score or report until you actually do what it is you are simulating.
So once you have selected a credit score simulator, it can help you explore some of your credit "what if's". Think of it as a credit report laboratory. You now have a controlled environment in which to experiment the outcome caused by different actions. So when you use a credit score simulator, you'll notice that you can only change one scenario at a time. Keep in mind that in reality, your score is usually affected by several different credit report changes going on all at once. But at least, you will begin to understand how individual actions (credit applications, inquiries, new credit cards, new loans, closing credit cards or accounts, etc.) each affect your credit score.
So try out this cool little tool for yourself. Learn more about your credit score and the actions you take. Then be sure to check back in from time to time. Staying on top of your credit helps your Real Estate Investing and learn more about HOW TO INVEST BETTER by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner, #creditkarma,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP
The Midweek Report: Another Reason Why Real Estate Investing Is Best, Depreciation!
It's no surprise that The Real Estate Show regularly touts real estate investing as the best investment vehicle around. We say that because it's true. In an ocean of investment choices, one type of investment vehicle stands out above the rest because regardless of the current economic climate it is consistent and has withstood the test of time through all cycles of the economy and politics. There are two huge reasons why this remains the case: First, Real Estate is a tangible asset, it's stationary, and won't disappear into the internet ether like bitcoin and certain stocks. Second, it is a necessary asset because people always must have a place to live. So let's focus a little bit on residential real estate today. What we will talk about also applies to commercial real estate, with some slight variations.
The income potential of the residential real estate, especially multi-family housing, is perhaps the most stable there is. I say multi-family because of the multiplier effect and diversification of vacancy risk due to many tenants in multi-family properties. In either case, you get passive income. That's real cash flow, income that's accumulating every day, even as you read this article.
Now, let's talk for a moment about depreciation. That's because even though there are other investment vehicles that give passive income, Real Estate offers a unique feature that can greatly increase one's return, and that is depreciation. I know you may be thinking, hey depreciation is not income, it's an expense! But it is an expense that I do not have to spend in order to receive the benefit. Depreciation is defined as the decline in value of an asset over time. This usually refers to a physical asset like buildings, cars, boats, etc. and even though the term depreciation implies a loss, in real estate investing is actually a positive thing as far as income is concerned. That's because even though the value of a real estate investment, such as an apartment complex, appreciate in value over time and is creating greater equity for the owner, The government allows you to take a deduction for the depreciation of the building, which reduces its tax basis. What that does, is it reduces the amount of taxes paid on the assets that are still appreciating in value simultaneously. And the great thing is that you do not have to spend money in order to get this deduction, but it does reduce your taxable income.
Conclusion, you can purchase the residential real estate and create passive income, cash flow, and at the same time reduce your taxable income by the depreciation allowance, even while the asset is appreciating in value. No other investment vehicle can do this. So in summary, Real Estate is a tangible asset, it appreciates, and it provides a reliable predictable source of passive income that is insulated from economic downturn's, sheltered from taxes, and a hedge against inflation.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP, #creditkarma
Finding Your Best Market -Part 2
The Real Estate Show dives back into more inside tricks of finding the right place to invest in Part 2 of Finding Your Best Market. Last week, we started in part one showing how to narrow down an area, and to focus on where there are likely to be a good number of profitable deals.
We started by sharing an often unknown tool in real estate known as "heat maps". There are several websites that provide them, and they come in a number of varieties of what they represent. In general, a heat map looks like a thermal reading where the largest concentration or highest numbers are demonstrated in hot red. As the concentration diminishes or the numbers get lower, the color cools down to an orange, to yellow, to green, to blue, depicting a cool zone. There are heat maps representing the volume of sales, the change in sales, the sales prices, and even popularity of an area in terms of inquiries. So as you can see heat maps give you a quick big picture feel for a large area. From there, you can go to the hot spots, and now drill down to the ZIP Code level.
ZIP Codes are the lowest common denominator for most research and data gathering. The U.S. Census Bureau uses ZIP Codes to group their data, and so do many many other information sources. So at this stage, we select 10 to 20 ZIP Codes indicated as hot on the heat maps and begin our data gathering and number crunching.
What numbers matter? Well, that depends on what type of investing you are looking to do. Are you looking for a quick turn in real estate, that is buying and immediately reselling? Are you looking to fix and flip real estate? Or, are you looking to buy for the medium or long term? The answer to those questions will determine which facts and figures matter most. In most cases, you will be looking at such factors as population, income, prices, and possibly more. And it won't be just the raw numbers, it may be also some calculations derived from these numbers.
As you can see, there is both an art and a science to real estate investing. So it pays to learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP
Monday: Motivation = Desire + A Clear Why
Listen Here:
The Real Estate Show crashes the Monday Morning blues with a lesson on how to create the motivation that can drive you to do anything you want. That's because, motivation, true motivation comes from within not from outside. Those that realize this can harness its power and do great things. Those that don't, go from motivational seminar to seminar looking for that mythical injection of motivation from an outside source, but lasting motivation never comes.
It has long been recognized that Real Estate is a vehicle which makes great wealth possible. There is lots of evidence of real estate success all around us. There is also no lack of manuals, tutorials, courses, workshops and boot camp's on how to do it. So why isn't everyone doing it? I believe it's because of motivation, I mean real motivation, the motivation that comes from within, not outside. From within?
I love going to motivational seminars just as much as the next person. There are certain speakers that seem to create such positive energy and excitement that it's like a drug. It leaves you feeling great. That is until it wears off. And that's the problem I see with many otherwise great seminars and meetings. You go there to get pumped up, and it does get you pumped. You walk out of some of these meetings walking on air thinking and planning how great life is going to be from now on... until life's little distractions eat away at that positive energy and soon (usually in less than 24 hours) it's gone. Then it's the daily grind, back to "normal", all over again. So how do you stop the vicious cycle of ra-ra motivational ups and downs, and get to getting the results you REALLY want? Read on.
I can no longer remember where I first heard it, but I have heard over and over that motivation comes from inside of the US, and NOT someone else. Wow, that's confusing. Why do I feel so good after these great motivational speakers speak like Tony Robbins and Zig Ziglar, just to name two? It's because they are great storytellers - of their story. Then you start transferring their story to how you feel and the feelings are similar, sometimes even seem exactly the same. Then you feel good, you relate. You start making plans to do things that would make your story seem cool and similar, but the speaker leaves you and now you have to carry his message forward and now you get into the grinding world of implementing. The only problem is he/she did their part, and now you have to do yours. My part? But wait! I paid good money to get motivated, took the time out of my day, and that's not enough? Nope! Here's the deal:
I'm going to make this simple, and I want to make this clear. There is a motivation equation. And here it is: motivation = a strong desire + a crystal clear reason why. It sounds simple, but it isn't. First of all, you have to have a strong desire. Not an interest in something, but a burning desire, that is not going to fade away at the next novel idea or shiny object. Figuring out if you really have a burning desire for something, is a little bit like the difference between being interested in, or deeply infatuated with someone for a while, and truly loving them forever. For most people, they have a passing fancy, but not a burning desire. This takes some soul-searching because when you stop and select that burning desire, it necessarily means that you will have to sacrifice other not so important wants.
The second element in the motivation equation is a clear, a crystal clear reason why you must achieve that burning desire or goal. This part of the process may be even more difficult than the first. There are several theories why, but the fact of the matter is that it is. It's easy to see touch and feel many of the goals or burning desires that people want. A new car, a new house, a certain amount of money, are all easy things to identify or imagine as your burning desire. However, it takes some real thought and introspection to clearly define WHY that is a burning desire. It has to be clear not only in your mind, but it has to be clear enough that you could write it down on a piece of paper hand it to someone else, and they could see what you want and the clear reason why there is no other option. You couple those two together, a burning desire, and a crystal clear why, and you will have an internal motivation that drives you through any obstacles that come up. And there will be obstacles. Try this formula. Truly work it. Then watch your motivation take off - from inside!
Accomplish more and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy a great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP
Credit Thursday and Listener's Questions - Q & A
The Real Estate Show's Host, Eric Willner, continues it's series on real estate and credit on today's edition of The Real Estate Show. Today marks week 10 in the series which started in the beginning of the year, and has featured many important and related topics to credit in real estate. Click on the link above to hear the entire show ON DEMAND.
The first show back in the beginning of January asked, and answered the question, "is Real Estate credit really important?". In the weeks that followed, we talked about the facts and fiction about credit, what is a credit score, how is it calculated, and what's included in a credit report. And we did not stop there!
The Real Estate Show took the conversation to the next level by showing you Industry secrets and what to look for on your credit report, even sharing some hacks on how to improve your credit to near perfection. We even shared a real life story about someone who did exactly that, worked and developed a perfect score. The bottom line is that it is your responsibility to monitor and protect your credit score, as well as the details on your credit report. On top of that, you can really take charge and you can change your credit score, and we talked about HOW in previous editions of this series on our radio program. If you're having trouble with your credit, you're in the right place to learn how to change that. We hope you'll take action!
With all that being said, and nine weeks of programs to show for it, today we took some time to share some of the questions that we have received via our website or on our Facebook page. Today's show, was a question and answer session, featuring some of the best questions, questions that you probably have yourself about credit.
Here is an example of some of the questions answered: "I have been refused credit. Can I do something about it?", "Are credit reporting agencies a part of the government?", "Is it illegal or immoral to have your credit profile improved?". These are just some.
Why not tune in EVERY day and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP
Midweek "Opportunity" Report - It's Time!
The Real Estate Show featured our Midweek "Opportunity" Report - And It's Time! One of the most frequent questions I get from listeners and clients alike is, "Is now a good time to invest in real estate?" Today's write up, and listening to today's show should pretty clearly reveal the answer!
The National Association of Realtors recently released their pending home sales index (PHSI). The PHSI is a forward-looking indicator based on contract signings, and it fell nearly 5% in January from and also downwardly revised index in December 2017. With last months decline, the index is almost 4% below where it was a year ago and at its lowest level since October 2014. Bad news, you say? Let's look a little deeper.
Real Estate has been hot, and many people are beginning to ask if it's the end of the rally. Drama lovers are even suggesting that it's getting to be 2008 all over again. I suggest you don't listen to them, because they are not looking at the facts. This market is nowhere near as leveraged as the 2008 market was. Financing is still nowhere near as available as it was in 2008. In summary, the economy is nowhere close to what it was in 2008, so that's not my concern. Rather, inventory is still at all-time lows, interest rates are sneaking up, and there is a whole new wave of demand maturing on the horizon. So, as the saying goes, "one month does not a trend to make". However, it may signal an opportunity.
The economy is in good shape, in fact I would even say in very good shape. Most local job markets are very strong and incomes are slowly rising. So why the drop in contract signings? The end of 2017 brought us several factors, that each has contributed to a slowdown in sales of real estate. First of all, and not new news, there's a little doubt that last months retreat in contract signings occurred because of a terribly low supply in levels of inventory, and the sudden increase in mortgage rates. In addition to that, we had a new sweeping tax bill introduced and approved. Now America has to digest that before making merge major purchases. Americans will find out that most of the real estate tax benefits and incentives remain intact. Nevertheless, with the cost of buying a home getting more expensive, and not enough inventory, some prospective buyers are either waiting until listings increase in the spring time, or are now having to delay their search entirely in order to save up for a larger down payment. There in lies the opportunity to pick upsome good deals during this temporary slow down.
What's holding you back? Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #economy, #housing, #realtors, #GDP
Determining Your Best Target Area
The Real Estate Show begins this week's Tuesday edition of Tools and Techniques by showing listeners professional tips in determining your best target area to invest in real estate.
At the beginning of every real estate investor's career comes the crucial question, "Where's the best area for me to invest in?". And that is a very important question that deserves a well-thought-out answer. Your choice in this question could result in a good choice and a fast start, or it could result in a bad choice, and a slow start, or worse yet, no start. So how DO you choose a target market?
The correct answer is⦠It depends. It depends on what is most important to you.
You see, there are at least two ways to approach that question. The first is purely scientific, by gathering research, crunching the numbers, and going to work based on the purely numerical results. The neat thing about that, is that the odds of your success are greatly improved, but it requires greater flexibility on your part, and possibly even a willingness to move. The main thing here, is that you're going to look for the hottest area in terms of demand and activity, as well as a strong indication of continued demand. For that you're going to need access to some research and statistics about market activity, Which is already prioritized in some way. One of the best ways I have seen to do this, is through what are called "heat maps". You can literally see Real Estate hotspots on these heat maps on a national level, and right on down to a local level. You can find them at a basic level, readily available on the Internet for no charge, and more in-depth ones if you're willing to pay a little bit of money.
The second way, is a little less scientific, and a bit more focused on personal desires and preferences. What I mean by that, is that some people wish to invest where they already live. They would like to invest locally so that they're investing is an extension of their lifestyle, because that is very important to them. If your objective is purely monetary, the first option is best. However, since the objective of the automatic landlord is The ideal lifestyle, then the latter will be a better overall solution.
For the sake of today's discussion, we will assume that you're just starting out, that you're new to this business, but that you want to create a lifestyle, not just another job. So in our hypothetical situation, let's say you already live where you like to live and prefer to stay close by. Then simply take a look at the heat maps that I mentioned above in your local area and the areas immediately surrounding it. Once you have done this, you're almost halfway there! But now is where the rubber hits the road, and the real work that pays off, starts here.
For which ever approach you took above to locate a general are, the rest of the process is basically the same. Based on the areas that you chose, you should collect approximately 10 to 20 ZIP Codes in the area that your heat map indicated. Next we're going to collect specific data about each of those ZIP Codes (this is readily available). We are going to want to take a look at some critical items such as population, area income, local home prices, just to name a few. By measuring the relative strength of these critical factors, we can conclude which specific ZIP Codes in areas are the best places to invest in, and where we are most likely to find good deals.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
Monday On A Mission - Carpe Diem!
Its the beginning of a new month and a new week! The Real Estate Show marches into a new week with its Monday On a Mission edition asking the question, "If we were having this conversation five years from today, and you were looking back over those five years, what has to have happened in your life, both personally and professionally, for you to feel happy with your progress?" That is a provocative question, no doubt, and you would be well served to take a moment, pause, and really think about it.
Did you do it? Did you really stop and think about it? This is serious! Then let's think together! Specifically, what dangers do you have now that need to be eliminated? This is important, because if you don't face these dangers now, they will continue to threaten and impede your progress. So why not face them head on now, so you can move forward?
Next, what opportunities need to be captured right now or over the next few weeks or months? The time is NOW! I often see people who know of opportunities now, or right on the horizon, and treat them as if they already had the benefit of acting on those opportunities , but hadn't really done anything about them. It's kind of like living off of potential, but not actually. I love the expression "Carpe Diem" or "seize the day"!
And finally, what strengths do you have that need to be maximized? Notice that I didn't say what weaknesses do you have that need to be worked on. If you only work on your weaknesses, you will end up with several modest talents or skills. However if you work on your strengths, like pro athletes do, you'll end up with unique and superior talentsthat will take you a long way. This applies to your real estate business just the same.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
The Week In Review and Most Americans Agree: Homeownership Is a Sound Investment
Today The Real Estate Show featured The Week In Review and also reviewed a well written rebuttal in USA Today titled "Most Americans Agree: Homeownership Is a Sound Investment". The editorial response written by the 2018 President of the National Association of Realtors, Elizabeth Mendenhall points out two gaping holes in the argument presented in a February 18 guest column, " Why Your Home is a Lousy Investment When You Think Its Great".
Monday's show started by pointing out that there are three approaches to getting started in investing in real estate. They are: DIY or "do it yourself", DWY or "done with you", and DFY, or "done for you". Each approach having their pros and cons. Learn more by listening to Monday's rebroadcast posted on our Facebook page.
On Tuesdays show, in our tools tips and techniques episode, we talked about some of the concepts and techniques in buying and selling quick sale. We went into definitions of after repair value versus market value. We talked about percentage of after repair value as well as taking into consideration repairs required on a Prospect Property. Great stuff to listen to if you're interested in a quick turn real estate.
Wednesdays, we always feature our midweek report, touching on current events relating to Real Estate and how you can capitalize in today's ever-changing marketplace. If you missed this show live, don't miss the opportunity to hear the recording at Facebook.com/the real estate show.
Thursday featured another installment in our series on credit which we have been discussing every Thursday since the beginning of the year. This week, we unveiled are five ninja moves for boosting up your credit score. Check out our summary right up and the related recording below
Friday, we rounded out the week with The Week In Review and also reviewed a well written rebuttal in USA Today titled "Most Americans Agree: Homeownership Is a Sound Investment".
TuneIn every day and Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
5 Ninja Credit Moves to Improve Your Score
The Real Estate Show builds on its Thursday Credit series with "5 Ninja Credit Moves to Improve Your Score". In the business world, and in the real estate world, credit is a part of life. You can fight it all you want, and in some cases, you can even get around it, but having a good credit score certainly doesn't hurt, and in many cases can really help. For this reason, we wanted to share with you 5 Ninja Credit Moves to Improve Your Score, several of which may be counterintuitive. Here goes:
-
Get more credit! This is probably the first counterintuitive tip and also one that may give you the most bang. Do this right, and you could boost your score by as much as 50 points. You see, your credit utilization ratio, that is your debt compared with credit limits, accounts for 30% of your score. Therefore, a real credit ninja looks to keep their balances at 30% or less of the total limits. Bottom line, you can call your current lender and request a limit increase in order to make your current balance be 30% or less, or you can open a New card that you rarely, if ever, use.
-
Build up positive information on your credit report. Accounts with a long history and or good payment history will help boost your credit score. So look for accounts in good standing or that have positive information that is not listed on your credit report. Then call the credit bureau and ask to have them added back on. Examples of this might be old credit card accounts or mortgages, even collection companies where the balance was paid in full or there is a long history of good payments
-
Pay your credit cards more than once a month. Another counter-intuitive move, but it can I have significant effects on your credit score. You would think that paying your credit card off every month would lead to zero balances on your credit report, but that's not necessarily the case. That's because your credit report shows your balance on A specific day that your lender reports it. That means that even a temporarily high balance could be reported and result in a poor utilization ratio and therefore a lower score. So a more frequent payment assures lower balances and a better score. Also, if during the month you make an unusually large purchase, send a payment to reduce the balance immediately, or at least as soon as possible.
-
Shop and compare new loans within a short period of time. That's because every time you apply for credit, potential lenders hit your report with what is called a "hard inquiry". If you have too many hard inquiries it could signal that you're scrambling for credit, that you could be desperately in need of financing, and perhaps a risky applicant. Each hard inquiry lowers your score a few points. Even if the inquiry is a "soft inquiry", which do not hurt your credit score, this advice will protect your score. There is an exception, which is designed to allow people to wisely shop for the best loans, particularly for mortgages, cars, and student loans. In this case, credit bureaus may allow and combine inquiries within a tight timeframe, like14 to 45 days. This is to protect smart consumers looking to compare loan terms, that way your score won't get negatively affected by being a wise consumer.
-
Communication. Communication is probably one of the most overlooked techniques to help maintain and even boost your credit score. Don't just ignore a bad situation, contact someone who can make your life a little easier or better. Negotiating with creditors or even collections agencies can help soften the effects of a negative item on your report. Although creditors are not obligated to remove accurate items, you can ask for "a goodwill adjustment". Especially when you had previous good payment history, contact your lender and ask them that they give you a one-time courtesy to remove the blemish from your report. You can also contact debt collectors to ask if they'll stop reporting collections if you pay the bill in full. Again they don't have to, but it doesn't hurt to ask. Bonus ninja tip: always put any agreement in writing before submitting your payment.
Learn more about Credit helps your Real Estate Investing, so learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
Double Closings and 0PM
Today, on The Tuesday, Tools, Tips and Techniques edition of The Real Estate Show, we debunk the thought that Double Closings and 0PM are illegal in Real Estate. These days in real estate circles and in the general public there is much to talk about "flipping" property and double closings. I find it especially interesting because I've been doing it for years, despite the fact that I've been told that it's illegal and not allowed. Not true, let me explain.
In a double closing, basically, you are buying at one price and selling at a higher price, either with a simultaneous closing or sometime after you take a title, usually not very long. It's important to remember that you are not inflating the price above market value, but rather you are buying "below" market value and reselling at or near market value. As an investor in real estate, we do this and put cash in our pockets all the time. You can too! We can even show you how. Also, remember, "You make your profit when you buy and you realize it when you sell."
Another way to put cash in your pocket is to refinance. Many investors buy below market value and refinance it at market value, thereby putting money in their pocket. Many people are frustrated when lenders say "we will loan 80% of market value or purchase price, whichever is less." Unfortunately, that is a standard practice among commercial lenders and is mostly for their protection, not yours. Fortunately, there are a couple of ways around that.
The first way, and also the slow way, is simply to wait 12 months between the purchase date and the refinance date. Then they only go the market value. While not ideal for the investor and their liquidity, it is a safe and legal way to take your money back out of the property.
Here is another way, which is much more immediate. In this example, an investor friend of mine buys foreclosures and builder owner properties for all cash. In this particular instance, he offered the bank $200,000 cash, no contingencies, no third party approvals, no repairs. The bank was willing to "discount" for all cash and accepted his offer. As soon as the contract was signed he offered to sell this property to an end user for $250,000, market value, with no money down. Now his buyer qualified and was approved for an 80% loan to value loan or $200,000. The investor agreed to take back a note and accept payments for the difference of $50,000, which was also his profit. At closing, the end buyer was there with his loan of $200,000, and the investor was there to take a title in immediately pass it on to the new owner while the bank accepted the $200,000 purchase from the proceeds, which ultimately came from the end buyers new loan.
The two closings took place the same day and the investor's money was in the in and out the same day. That is called transactional funding, and we have plenty of it right here, call us about it. Did the bank complain? No, they got what they wanted, $200,000 cash and the sale. The investor got a $50,000 note secured by the property which he kept for income but could have traded it at full value for something else or sold it at a discount for cash. Investors do this on a regular basis and some make an incredible amount of money doing so.
And in this case, the investor does not need his own cash to do this. The actual cash could come from hard money lender's, private lenders, transactional funding, joint venture partners, and other places. The bottom line, it does not have to be his cash.
Learn these strategies and more! Discover all about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
It's Time To Build A Real Estate Portfolio For Cash Flow
The Real Estate Show leaps into another week of daily shows by explaining why It's Time To Build A Real Estate Portfolio For Cash Flow. Even though the most popular shows on TV are about buying and selling or buying, fixing and selling houses, also known as "flipping houses", they are missing a big part of the picture. It's true that there is money to be made in those activities, and sometimes a lot of money, but it's all short-term profits. However, if you do that and reinvested in long term rental real estate, then you're in for a much bigger game. Enter the Automatic Landlord.
Andrew Carnegie is famous for saying, "90% of all millionaires became so through owning real estate. More money has been made in real estate then in all industrial investments combined. The wise young man or wager of today invest his money in real estate." And while that quote is nearly a century old, it's as true today as it ever was.
So if you haven't already started, it's not too late. If you are young, you can start by saving a down payment to buy your first rental property and begin growing your real estate portfolio over the years until you retire. We have even dedicated a show to laying out a systematic roadmap from graduation to millionaire if you have your career ahead of you.
On the other hand, if you're within the 5 to 10 year period before retirement, you may have the advantage that you can convert existing assets in lower yielding investments, into rental real estate and increase your retirement monthly income indefinitely. In fact you can even do that if you're already in retirement.
I mentioned earlier that the timing is good right now. And it is, even though, there was weakening optimism from non homeowners at the end of last year, about whether now is a good time to buy. Still, an overwhelming majority said that they do want to own a home in the future and believe homeownership is part of their American dream. Furthermore, when asked for the primary reason non-homeowners currently do not own, and increasing share of them over the past year said that it was because they were unable to afford it. Over half of non-owners indicated they could not afford to buy a home because of the rapid price growth and painfully low supply levels in much of the country throughout 2017. That said, even with the dip in morale over buying during the past year, survey respondent's views about homeownership are still overwhelmingly positive. Roughly 3/4 of non-homeowners each quarter said that they eventually want to own a home and also believe that owning a home is part of their American dream. It should be part of yours as well.
So lets talk more about it this week so you can learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
TGIF Week in Review: From Last Pay Checks to Identity Protection, Real Estate Statistics and More
The Real Estate Show features it's TGIF Week in Review: From Last Pay Checks to Identity Protection, Real Estate Statistics and More. Listen Day to the Real Estate show and stay on the leading edge of what's going on in real estate buying selling and investing. Remember, all of our shows are now posted, and archived on our Facebook page for "on demand" listening, so here's our week in review:
Monday: The Real Estate Show begins the week by exploring a recent article by MarketWatch which exposes how millions of Americans are one paycheck away from disaster. It's alarming to think that this is even possible in one of the worlds most wealthiest countries. According to Bankrate, just 39% of Americans say they have enough savings to cover a $1000 emergency room bill or other unexpected expense. Learn more and avoid being one of these statistics by listening to the show.
Tuesday: The Real Estate Show shares it's Tuesdays Tools, Tips and Techniques, the actual things we use in our active business. On this edition we also showed you the strategies and steps we employ to buy houses right. How to Find qualified Prospects, Evaluate Deals, and make Offers that are profitable. Check out our page for a free report that shows you what we do at MackBuysHouses.com
Wednesday: Wednesday brought us not only Valentine's Day, but also The Mid Week Report which showed that sales are up, prices are up, and an inventory is at an all time low. As the sellers, that's great news. However for investors and homebuyers this presents a particular challenge. Listen to today show and learn more about what's going on in the marketplace and what you might be able to do about it, and profit from it. For the full show and key statistics, check out our link to this show on Facebook.
Thursday: protect your identity! In a "must listen to" edition of The Real Estate Show, radiotalk show host and real estate expert Eric Willner shows you how to protect your identity against one of the fastest growing crimes in America which is identity theft. Learn first what is identity theft. Then learn how it happens, and most importantly how you can prevent it from happening.check out the show in its entirety, recorded and archived on our Facebook page: The Real Estate Show.
Every week, five more episodes are uploaded full of rich content and important tips and tools to use so you can Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
Protect Your Identity
The Real Estate Show proves once again, what a valuable resource it is for you! On today's episode of the Real Estate show, radio host Eric Willner shows you how to protect your identity. Identity theft is one of the fastest growing crime epidemics affecting your financial future. Therefore it is important that you know about it and that you also do something about it.
What is identity theft? Identity theft is when someone uses your personal information without your permission for their own purpose or gain. They may open a credit card account, apply for and get a loan, or possibly even rent apartments in your name, using your personal information. They might even access your bank or retirement accounts. And what may be worse, you may not even know that your identity has been stolen until, either you see your credit report or get notified while trying to apply for your own credit, or maybe even get a call by a debt collector.
"That's terrible!", you might say. And you would be right.
How does identity theft happen? Identity thieves steal information in a multitude of ways. Here are a few examples: digging through trash cans and other places to find documents that contain credit card numbers, account numbers, Social Security numbers, as well as other personal information. Retrieving information from lost or discarded computer equipment, mobile phones, PDA's, wallets, or purses. Some use rogue radiofrequency identification readers, others by stealing checks, credit cards debit cards, passports, drivers licenses, Social Security cards, or even skimming the information from credit card readers to create new cards. Some thieves work over the Internet, stealing information from personal computers using malware or spyware. They hack into computer networks and databases to steal large amounts of personal information and or infiltrate organizations that store large amounts of valuable information. Even more clever thieves act as a trusted organization and obtain personal information and financial information through the mail, telephone, text messaging and email. Don't fall prey any of these ways.
You can help prevent identity theft by looking for warning signs of identity theft or fraud. Be aware of bills that do not arrive as expected. Look out for unexpected credit cards or account statements and report them right away. Review denials of credit that you did not apply for and report them. Watch out for calls or letters about purchases that you did not make. Open your statements every month and check for charges on your financial statements that you don't recognize. And finally, at least once a year check your credit reports for incorrect information like accounts or addresses you don't recognize or information that is inaccurate.
Here at the Real Estate show, we have lots of resources to share with you to help you prevent identity theft. Call, click, or visit us so we can help you. Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner, Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
Valentine's Day Midweek Report- Sales Are Up, Prices Are Up and Inventory is at an All-Time Low
Happy Valentine's Day from The Real Estate Show! The figures are in and on our Midweek Report- Sales Are Up, Prices Are Up and Inventory is at an All-Time Low. As a result of an increase in existing home sales during the final three months of 2017, housing inventory is now at an all time low, and this has kept home price growth at its recent strong pace. That is according to the latest quarterly report by the National Association of Realtors.
Here are some of the figures: the national median existing single family home price in the fourth quarter was $248,800, which is an increase of 5.3% from the same time in 2016 ($235,400). Here in South Florida, the median sold price during the last three months was at $258,050, only slightly ahead of the national median home price. The average supply during the fourth quarter was 3.5 months, down from 4.2 months in the fourth quarter of last year. These consistent price gains over the last several years have certainly been great news for homeowners, especially for those whose properties were once upside down. Nevertheless, the shortage of new homes being constructed over the last 10 years is still choking local markets and making homebuying less affordable and more difficult.
The prices of single-family homes during the last quarter was up in 92% of measured markets. What is 162 out of 177 metropolitan statistical areas showed sales price games in the fourth quarter compared to a year ago. 26 metro areas experienced double digit increases. 18 of those metro areas surpassed their previous peak sales prices. Overall, home prices are now at their all-time high in 114 markets. This trend is expected to continue.
For homebuyers and investors a like, 2017 was another year where home prices in most markets Rose at a steady pace during improving sales and worsening inventory conditions. Also of note, home prices have risen a cumulative 48% since 2011, yet during the same time period, incomes rose only 15%. The national family median income in the fourth quarter was $74,492 per year. Unfortunately, overall affordability edged downward compared to a year ago because of the combination of rising mortgage rate and home prices. The deals are still out there, but they are getting harder to find.
What does that mean to you? If you want to learn more about Real Estate Investing and learn HOW, then start by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
The Real Estate Show shares its Tuesday Tools Tips and Techniques.
Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
The Week in Review - Green Lights, Red Lights, Websites, and Credit, Oh No!
TGIF! The Real Estate Show borrowed a theme from The Wizard of Oz when it chanted "Green Lights, Red Lights, Websites, and Credit, Oh No!" Friday's show culminated a week with many topics that are hot on investors minds. Friday's edition of The Real Estate Show was fast paced and full of good references to this week's diverse live daily shows. If you missed one, you can still listen to a rebroadcast of the shows now posted on Facebook for your listening convenience, just click on the link provided for each day. Here's a summary of this week's great shows:
Monday: "The Traffic Lights of Life Will Never All Be Green in a Row" was the title and theme of our Mondays On a Mission edition of The Real Estate Show. That could be said about a lot of our endeavors. There will be trials and tribulations in anything significant that we do, so don't expect things to always just work out smoothly, or think that you're going to be able to foresee all the obstacles that may come up. Be aware, and avoid the paralysis of analysis. Listen to Monday's show, get motivated, get fired up, and just do it!
Tuesday: "How to Choose the Right Domain Name for Your Real Estate Website" was the topic of our Tuesdays Tools Tips and Techniques edition of The Real Estate Show. We got a lot of great feedback from this episode, and our listeners found this to be a very revealing and informative lesson on creating a memorable and focused website domain name for your real estate business that people will understand and remember. I highly recommend you go back and listen to the rebroadcast by clicking on the link on the article posted on Tuesday.
Wednesday: "Don't Panic Over The Stock Market Craze". All the headlines turn their attention to the recent stock market volatility after a dramatic 4% freefall in the Dow Jones earlier this week. What does that mean for the real estate market? While it may be a little too early to say for sure, all of the fundamentals in real estate remain strong and most likely once the volatility settles down it will continue it's slow but steady March up. We talk more about that and give details on this episode of The Real Estate Show. Go, click and listen.
Thursday: "850, The Perfect Credit Score, It IS Possible!" In another super popular and commented episode, The show's host Eric Willner talks about the perfect credit score and how individuals are learning how to achieve a perfect score of 850. On each of the last several Thursday episodes, we have been dissecting different aspects of credit and credit scores. In today's widely listened show, we shared a real life example of someone who successfully, and deliberately figured out and reached the perfect score. Check it out by clicking Thursday's link to hear the rebroadcast.
Listen everyday and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
Don't Panic Over the Recent Stock Market Craze
The Real Estate Show addresses the mayhem that's going on in the stock market right now, and why we believe that Real Estate is still the place to be right now. On today's mid week report edition of the Real Estate show, show host Eric Willner talks about why the housing market probably won't be deeply affected by the shark drop in stocks over the last few days because the underlying economic fundamentals still look strong. The market appears to be reacting more psychologically then based on those fundamentals.
The Dow Jones industrial average sell nearly 5%, and the S&P 500 index sell a little over 4% on Monday. That shook a lot of investors, and the media is all over it. Put it in perspective, however, for the year, the S&P is only down about 1.2% since the beginning of the year. And that comes after a year of double digit games. So even now, stocks remain well above where they were a year ago. A market correction is a natural part of the stock market cycles, stated Lawrence Yun , Chief Economist of the National Association of Realtors.
As to real estate, a much less volatile investment vehicle, demand should still remain high with a large number of baby boomers still active, and growing activity from the maturing Millennial's. Add to that, still historically low interest rates, which although already up in the beginning of the year, still remains around 4%. Construction is picking up, but is still nowhere near to keeping up with the demand. This may in fact be an opportunity for the smart real estate investor.
What are you waiting for? Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
850, The Perfect Credit score, It Is Possible!
Today, The Real Estate Show reveals the perfect credit score and how more and more American consumers are learning how to achieve it. You can learn to, by listening every Thursday to the Real Estate show live or hear the rebroadcasts by clicking on the link above.
Credit scores range from 300 to 850, and some 200 million US consumers have a Fico credit score, but just under 3 million, or 1.4% have perfect 850s. Those numbers are according to Fair Isaac Corp., The company that developed the 28-year-old credit scoring model used by lenders to predict whether you will pay back a loan. But over the years, this number has become much more than just a number, in fact it's now an American symbol of financial status. Anyone with a credit card knows that their number typically ranging between 300 and 850, can hold the key to many doors in their financial lives.
In the past, the whole concept of the credit score, it's formula, and how to affect it has mostly been a mystery. However, it doesn't have to be that way. This year, the average Fico score nationally is 700, which is just above where it stood in October 2006 right before The Great Recession. The number of "super prime" consumers, those with credit scores of 800 and above, I have steadily increased since 2010, and now approach over 41 million consumers. Consumers with credit scores above 800 now number more than consumers with scores of 600 and below. How is your credit score?
A big reason for the improvement in the national average of credit scores is that American finances are generally in good shape. The economy is good, jobs are up, and the overall level of household debt remains low when compared with income, according to the chief economist at Moody's Analytics. Principal and interest payments, as a percentage of income, is at an all time low, thanks to historically low interest rates and a lot of mortgage refinancing over the past decade. This and other techniques which we shall reveal can help you to improve your credit score which will in turn create many opportunities for you.
Stay tuned for key steps that you can take in raising your credit score in next weeks episode of The Real Estate Show. You can always learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
How to Choose The Right Domain Name For Your Real Estate Business
Today The Real Estate Show shows listeners How to Choose The Right Domain Name For Your Real Estate Business. While that may seem like an unimportant task, the implications of a good domain can I have a far reaching effects on your business. For many people, the first thing they ever hear about maybe the domain name. Hopefully, for many others it is what they remember. Your domain name should be easy to remember, consistent with the rest of your branding, and let others know what the website is going to be about. Now it's beginning to sound like a tall order. How do you accomplish all of that in a domain name? Listen to today show and learn how. Meanwhile, here's a brief summary of what you'll hear.
For starters, today's conversation assumes that you are in the business of buying and selling real estate. Therefore you will need to websites not one. You will need one for the buyers and another directed towards the sellers. And as obvious as this maybe to some, I am often asked if one website could serve both purposes. The answer is, yes, but not well. Let me explain.
Let's start with SELLERS. In the business of buying low and selling high, the best deals come from sellers who have a very strong motivation to sell. This often comes in the form of the stressed real estate. As explained on a previous show, it also can be a distressed owner, or even a stressful tenant. The bottom line is that motivated sellers usually have a problem that can be solved by disposing of the real estate. If the problem is big enough, the discount will also be big. The bigger the discount the bigger the profit when it comes time to sell. Therefore, it is key to design a message that resonates and attracts distressed property owners who desire to sell. A single website designed to do that is more effective than a general website. Check out my example at MackBuysHouses.com
BUYERS, on the other hand, are coming from a different place psychologically. They are not coming from a place of distress and scarcity, but from a place of opportunity and abundance. That is distinctly different than sellers. Buyers are looking for the best place to park their money and get the best return. They are also looking for safety and security. Here, we also want to create a message that conveys that we can help them with that problem. So you can see, two websites would definitely be better than one, and each has to have a distinctly targeted offer for its audience. I have heard argued, that you could just have two separate pages on one website or domain name, but if you educate either side about the other, they may figure out a way to cut you out, and not need you anymore. So for the minuscule cost of a website domain (right now about $10 a year), do you really want to risk that? Take a look at my site for buyers at MackSellsHouses.com.
So now let's talk about the anatomy of a good real estate domain. The first thing you want to keep in mind is branding. Having a recognizable brand is a huge asset in and of itself. Just ask Coca-Cola, Apple, or IBM. Just the name is worth millions. That's because if you say the name, You recognize the business, and you know what they're offering. In some cases the very name tells you what the product is, in others, it's not so obvious, so a lot of marketing has to take place to create that brand awareness, Amazon is a great example.most real estate investors I know, don't have an Amazon size budget, so what I'm about to show you is going to really help.
The first part of the domain should be your name. This will anchor the website to your brand, and help the process of becoming memorable. So when it comes to name, depending on your branding, there are two approaches:
-
Your name. If you are local, and wish to become personally well known as the Real Estate solution for your area, use your own name. An example of this is "Bob buys houses". Bob becomes the local brand, and is appealing because it's very approachable, and feels very local. I have seen this work very effectively.
-
Your company. If you are a more private person, and prefer to have your company stand out, then try something like "MyCompany buys Houses", for your domain name, where Mycompany is obviously the name of your company. As long as you don't have a company name that is very strange, or even insinuate that you are global or worldwide, this works well also. Let me just remind you, that the more homegrown or local it seems the more effective I've seen it be.
-
Your area or territory. They say the riches are in the niches. And throughout my life I have found that to be true. So if you specialize in a particular area, let's say the Eastside. Your domain might be "Eastside home buyers". This will build your brand as being the Eastside expert, and make it more difficult for your competitors to break into that area. It will also imply that you are the reigning expert of the Eastside, as well as, inform everybody what you do.
Now that you have anchored your brand to one of the three approaches above, the second part of the anatomy of a Domain name should imply what you do using the action verbs buy(s) or sell(s); or the adjective buyer or seller. Easy and very clear.
Finally, the third component of any Factive domain name servers to focus even more what you do and Who is your target market. Do you buy houses? Do you buy ugly houses? Sounds familiar? Perhaps you only buy houses or maybe you only buy duplexes. So while most of my examples used houses or homes, you could substitute that for the specific type of property that you are focused on.
As you can see, even though the end product and the domains looks fairly simple (that's a good thing), some real thought should go into the selection of your domain name. Again you can check out my real life examples at Mac buys houses.com and Mac sells houses.com.
I hope you enjoyed these very valuable tips for the real estate investor. you can learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find
The Traffic Lights of Life Will Never All Be Green In Row
There's a saying in the investment world that the timing is never right and The Traffic Lights of Life Will Never All Be Green. And that's true. But fortunately, The Real Estate Show shows you why in real estate, the lights do not all have to be green in order for you to be successful.
Over the years I've seen too many people delay success and put their lives on pause because they're waiting for all the stars to align before getting into real estate. Let me tell you, I have heard it all! You, he probably also heard a lot of the stories of white people delay getting into real estate. When the economy is strong, and the market is hot, like it is now, you start hearing people say, "Maybe it's too late to get in now, maybe I should wait for a pull back in the economy before I start". When the economy slows down, then the comments change to, "Things don't look good now, maybe I should wait until the economy turns around". There's also a similar conversation around interest-rate's. When rates are going down, people want to wait to see how far down they go. Then when rates start to go up, they say that it's too late, and want to see how far up it goes before it turns down. Does this sound is crazy to you as it does to me?
Then, there are those who get mired in the paralysis of analysis. They spend hours, sometimes the weeks and months going over numbers and analyzing figures. They do everything but pull the trigger. If it's not the numbers, then it's things like, "Should I buy south, or should I buy more to the north? Should I buy eastside properties, or do I get more value out west?" Does any of this sound familiar? Very familiar?
Real Estate really is the best investment there is. It really should be part of everyone's portfolio. We have covered numerous times on our radio why. Whether it's the monthly income that draws you in the most or The potential wealth created by equity buildup and appreciation, nothing matches what Real Estate offers. Add to that the Power of leverage in real estate, and the opportunity to control a large asset with a small down payment,and there really is no competition. So why not learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.
Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
TheRealEstateShow, #EricWillner,
WSBR, #AM740, #FM 96.9, FM 103.9, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #camerondunlap, #bestjobontheplanet, #thirdhome, #economy, #housing, #realtors, #GDP
AutomaticLandlord.com
MackBuysHouses.com to sell real estate fast for cash
MackSellsHouses.com to buy great investment property
MackBargainHouseHunters.com to partner on real estate deals you find