We've reached episode 20 -- and we've got a special treat for you. Today our guest is David Duley, the co-host of The Controversial Truth Podcast and author of the book, "I Can Fix America: 52 common sense ways YOU can make the United States great again." Not only is David a serial entrepreneur, inventor, and businessman, but he is also a very successful real estate investor. On this episode, David takes us through how he got started investing in real estate, how he overcomes the "fear" of being a Landlord, and the economics of buying rental property in today's market. He has incredible advice for anyone just getting into buying their first rental and a fantastic strategy for how take advantage of the next down market. It's an episode chock-full with great information and advice. Please let us know what you think in the comments!
This week on the podcast, we tackle the tough subject of bankruptcy. When should you declare Bankruptcy? What are the different types of bankruptcy? And more importantly with regards to real estate -- if I declare bankruptcy, will I be able to keep my house. Our guest, is Daren Schlecter, a real-estate attorney with a specific focus on helping clients going through this incredibly stressful time. He starts off by letting us know about what can be done to possibly avoid declaring bankruptcy in the first place (re-organizing your debts, negotiating with your creditors on your own). We then go over the various types of "Chapters" in bankruptcy law, discussing what each one means, what they cover, and what potential impact they have on a homeowner. We then move on to -- moving on. If you do need to declare bankruptcy, how long is it before you can buy another home? It turns out, it may not be as long as you think! Ron covers the timeframes that lenders make you wait before they will loan to you again, and you'll be surprised by how short that time actually is. We also talk about the "stigma" of declaring bankruptcy, how to deal with it, and more importantly, how to get up off your couch and get on with your life. If you are going through a tough time financially and you're not sure what might be your next move -- this podcast has lot's of great information for you and advice. We hope you'll give it a listen -- and please leave comments and reviews!
In this episode, we cover several ways that Real Estate Agents trick and trap their clients into making the choices that are beneficial to them. They either get more commission or they spend less on marketing your property. Either way, potential buyers and sellers need to educate themselves and be aware of how cherry picking comps, bait-and-switches, and misleading marketing promises can hurt them and their bottom line. Please give it a listen and leave your comments below! We'd love to hear what you have to say!
You know that you've wanted to buy a home or condo for a while now, so the real question you need to ask yourself is, "What the hell are you waiting for?" For the very near future, it looks like prices are only going to go up and mortgage prices are rising... Buying a house is only getting more expensive. So, why haven't you even made a single phone call? Why haven't you spoken to a financial planner or a lender about the reality of whether or not you can make a purchase? In this episode, Tom takes a look at some of the fears that keep most people on the sidelines. The first thing up is the factor of "Unrealistic Expectations" and how that can ruin a home search before it even begins. Second, is the idea that potential buyers think the "sacrifices" they need to make will be too much, that suffering won't be worth what they will get in return. Tom also covers the idea of what he believes to be the reason most millennials are as staying out of the market -- an irrational fear of another crash. They witnessed many other people lose their homes -- what kind of psychological damage has this done to this generation? And lastly, Tom covers what part negative peer pressure, from both family and friends, has on potential home buyers -- and what can be done to overcome it. It's another great episode! Please let us know what you think!
On this episode of The Clarified Realty Podcast, number 016, we've got an incredible guest -- Interior Designer and Real Estate Stager, Pamela Sandall. She's got an lots of great advice and tips for how to stage your home in order to help get it sold. But before we start, Tom and Ron have a conversation about a new loan product that could shake up the industry. Unison, is an investment company that is providing matching funds for down payments for potential home buyers. Some of the benefits of such a program is that by helping to get a 20% down payment (10% from you, 10% from them), a home buyer avoids the necessity of mortgage insurance. This can either reduce the monthly payment -- or give them more buying power to purchase more house. In return, Unison ask for repayment and a percentage of the home's appreciation over a certain period of time. Tom and Ron go into the details, but it is an interesting new option for folks thinking about entering the market. We then bring in Pamela, who let's us know how she got started in Interior Design (hint: it started with a Barbie and a dream). She then tells us how she approaches each home that she stages and how her process is different that most home stagers. We then go into detail about how she and Tom "Tell The Story" of the home (see episode 012 for more detail) and how, room by room, you can make small changes to remove any question marks from buyer's minds and, hopefully, get more money for your home. This is a great episode and we can't wait to hear what you think about it. Please leave comments!