March 5th, 2024 6:41 PM by Eric Willner
Radio Show Notes 03/04/24 Monday:
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"Unveiling 'The 72 Hour Challenge': Fast-Track to Real Estate Success!"
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Based on recent news headlines, here are 3 of the top challenges to getting started in real estate ownership:
1. Rising interest rates: The Federal Reserve has recently begun raising interest rates to combat inflation, and this trend is expected to continue. This directly impacts mortgage rates, making it more expensive to borrow money for a home purchase. This can significantly affect affordability, especially for first-time buyers who may have smaller down payments.
2. Low inventory: The real estate market continues to see a shortage of available homes, particularly in desirable areas. This limited supply drives up competition among buyers, often leading to bidding wars and pushing final sale prices above asking price. This can make it difficult for buyers to secure a property within their budget.
3. High home prices: Fueled by low inventory and historically low interest rates, home prices have risen significantly in recent years. This means that even with a good down payment, the monthly mortgage payment for many potential buyers can be a significant financial burden, especially considering other ongoing housing costs like property taxes and homeowner's insurance.
1. Rising Interest Rates: The Federal Reserve's decision to raise interest rates impacts mortgage rates, making it more expensive to borrow money for a home purchase. This directly affects affordability, especially for first-time buyers with smaller down payments.
2. Low Inventory: The real estate market's persistent shortage of available homes, particularly in desirable areas, creates intense competition among buyers, leading to bidding wars and inflated sale prices.
3. High Home Prices: Fueled by low inventory and historically low interest rates, home prices have surged. This rise poses a financial burden, even for those with a good down payment, considering additional housing costs.These challenges are real and impactful, but they also present opportunities for savvy investors willing to take the 72-hour challenge.
Road Block #1: Government and Taxes Governments and taxes often hinder financial growth. The burden of property taxes and potential changes in government policies can discourage potential investors. However, the 72-hour challenge provides a roadmap to navigate tax laws, utilize deductions, and turn government regulations into tools for financial growth.
Road Block #2: Interest and Finance Charges Interest and finance charges can accumulate quickly, especially with rising interest rates. The 72-hour challenge empowers you to understand financing options, negotiate favorable terms, and strategically use leverage to maximize returns. Don't let interest be a roadblock; turn it into a stepping stone to financial success.
At this point, I want to encourage you to take action. You can turn debt into wealth in real estate. Change your financial picture by texting the word CREDIT to 561-861-2366. Whether you're a seasoned investor or just starting, the 72-hour challenge is your key to success.
Road Block #3: Uncontrolled Monthly Bills Uncontrolled monthly bills can disrupt your financial plan. The 72-hour challenge guides you to create a budget, prioritize expenses, and develop strategies to manage your cash flow effectively. Take control of your finances and use them as a tool for real estate success.
Road Block #4: Inflation, the Silent Killer of Wealth Inflation silently erodes the value of money over time, affecting purchasing power. However, real estate has historically proven to be a hedge against inflation. The 72-hour challenge educates you on leveraging inflation to build wealth through real estate investments.
Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
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, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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