The Real Estate Show

Radio Show Notes 07/19/24 Friday: Friday Wrap-Up: Step 1 of Your Step-by-Step Guide to Real Estate Success on The Real Estate Show

July 20th, 2024 9:30 AM by Eric Willner

Radio Show Notes 07/19/24 Friday:

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Friday Wrap-Up: Step 1 of Your Step-by-Step Guide to Real Estate Success on The Real Estate Show

By Eric Willner, Investor and Host of The Real Estate Show, America’s longest running daily radio show about real estate.


Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show and America’s longest-running daily radio show about real estate. It’s a virtual mini-seminar in every episode, hosted by me, Eric Willner, the Voice of Real Estate, and founder of The Automatic Landlord System for owning cash-flowing real estate profitably and hassle-free.

This week’s shows are about the theme: Real Estate Success: Step 1 in A Step-by-Step Guide to Buying Real Estate. Today, we will summarize this week’s shows and wrap up the week to set up a new week for your success in real estate.

Did you know that real estate has historically outperformed other investment vehicles, offering both stability and impressive returns? According to the National Association of Realtors, the median home price in the U.S. has increased by over 300% since 2000. That’s the power of real estate success fueled by this week’s theme!

Before we get into the meat of the show, let me remind you of next week’s special FREE workshops:

  1. Tuesday 8pm Fearless First Time Home Buyer Webinar Introduction – Online by Texting PATH
  2. Wednesday night 8:30pm Financial Edge University Overview – Online by texting EDGE

Remember, we are in full “Challenge” mode with the “72 Hr Challenge,” and you can join NOW by texting “Challenge” to 561-861-2366.

This week’s theme, Real Estate Success: Step 1 in A Step-by-Step Guide to Buying Real Estate, emphasizes why NOW is the time to buy real estate. Here are three to five reasons why this statement is critical to success:

  1. Historical Appreciation: Real estate values have consistently increased over time, making it a reliable investment.
  2. Leverage: Real estate allows you to use other people’s money (OPM) to build wealth.
  3. Tax Benefits: Real estate investments come with significant tax advantages, including deductions for mortgage interest and property taxes.
  4. Cash Flow: Rental properties can provide a steady stream of income, enhancing your financial stability.
  5. Inflation Hedge: Real estate typically appreciates in value faster than inflation, protecting your investment.

Ultimately, the goal is to be financially free - as an investor. This means you are no longer trading hours for dollars To achieve that, you need a “B” (business) to fund your “I” (investments). The Real Estate Show can be your roadmap to get you there, but you need to start NOW!

Many people are stuck in the role of employee and can’t gather the courage to become business owners. By listening to The Real Estate Show, we can help you get unstuck. As we cover this week and lay out the roadmap to safely create and keep wealth through affordable homeownership, a written financial plan, and multiple streams of income, we gain independence and peace of mind. This starts with being organized, educated, and having a financial edge.

Today's show and better credit are brought to you by www.TimeToFixMyCredit.com. Remember to text “EDGE” to 561-861-2366 for more information on building your financial edge and unlocking real estate success through good credit!

Monday: Monday On A Mission

On Mondays, we set the stage for the week. This past Monday, we focused on why NOW is the perfect time to buy real estate, focusing on Real Estate Success: Step 1 in A Step-by-Step Guide to Buying Real Estate – Set Clear Goals.

Here are a few key points from Monday’s show:

  1. S.M.A.R.T. Goals: We start with the S.M.A.R.T. framework—Specific, Measurable, Achievable, Relevant, and Time-bound. When your goals meet these criteria, you gain clarity and direction. For instance, instead of saying, “I want to invest in real estate,” a S.M.A.R.T. goal would be, “I aim to purchase two rental properties within the next 12 months.”
  2. Motivation and Focus: Clear goals keep you motivated and focused. When you know exactly what you’re working toward, it’s easier to stay committed. Whether it’s building wealth, creating passive income, or achieving financial independence, your goals drive your actions.
  3. Risk Mitigation: Goals act as guardrails. They help you avoid impulsive decisions or distractions. When you encounter challenges, refer back to your goals—they’ll guide your choices and prevent costly mistakes.
  4. Strategic Planning: Setting goals forces you to create a roadmap. You’ll outline steps, allocate resources, and identify milestones. Whether it’s saving for a down payment or analyzing potential properties, your plan becomes your compass.
  5. Accountability: Share your goals with someone—a mentor, a friend, or even our listeners! Publicly declaring your intentions adds a layer of accountability. Plus, celebrating achievements together makes the journey more rewarding.

The theme of Real Estate Success: Step 1 in A Step-by-Step Guide to Buying Real Estate was reinforced by stressing the need for a solid awareness of your financial foundation before diving into real estate investments.

Tuesday: Tuesday Tools, Tips, and Techniques

Tuesday’s show was packed with actionable tools, tips, and techniques to help you succeed in real estate. Here are the highlights:

?  Setting clear goals is crucial for success in real estate investing.

?  The S.M.A.R.T. framework helps create effective goals:

  • Specific - Clearly define your goals (e.g., buying a house in a specific area).
  • Measurable - Establish benchmarks to track progress (e.g., target rental income).
  • Achievable - Set realistic yet ambitious goals.
  • Relevant - Align goals with your overall financial objectives.
  • Time-Bound - Set deadlines for achieving your goals.

?  Benefits of S.M.A.R.T. goals:

  • Increased focus and motivation.
  • Clear understanding of your "why" (ultimate financial goals).
  • Ability to track progress and celebrate milestones.
  • Boosted confidence as you achieve goals.

?  Free guide available with actionable tips for setting and achieving real estate goals (text "EDGE" to 561-861-2366).

These tools are essential for making informed decisions and maximizing returns on real estate investments. The theme of the week was emphasized by demonstrating how these tools can help you take the first step toward real estate success.

Wednesday: Midweek Mortgage, Market, and Money Report

Wednesday’s show provided a comprehensive update on the mortgage market, real estate trends, and financial strategies. Key points included:

Here are the key points from today's article summarized in bullet points:

  • Mortgage Rates Trends:
    • Current average 30-year fixed mortgage rate is 6.86%, down 12 basis points from last week.
    • 30-year refinance interest rate is 6.87%, down 11 basis points.
    • 15-year refinance interest rate is 6.43%, down 10 basis points.
  • Mortgage Refinance Demand:
    • Refinance applications jumped 15% last week, the highest level since August 2022.
    • Refinance demand remains over 70% lower than pre-pandemic levels.
    • Purchase mortgage applications fell 3% for the week, 14% lower than the same week last year.
  • Inflation Trends:
    • Consumer Price Index (CPI) rose 3% in June, down from 3.3% in May.
    • Inflation has declined significantly from the 9.1% peak in 2022.
    • Gasoline prices played a significant role in the inflation pullback, falling 3.8% in June.
  • Economic Insights:
    • Lower inflation and cooling price pressures bring relief to consumers.
    • The Federal Reserve is expected to start cutting interest rates by the end of 2024.
    • Monthly core CPI reading was 0.1% in June, the smallest increase in about three years.
  • Market Conditions:
    • Buyers face a lean and pricey market, with some waiting for better opportunities as rates are expected to drop further.
    • More supply is slowly entering the market, with sellers reducing prices for homes that have been on the market for a while.

These points capture the essence of today's market and mortgage report, emphasizing the current favorable conditions for real estate buyers and investors.

Understanding these interest rate trends is crucial for your real estate strategy. Lower interest rates can translate to more favorable financing opportunities, making it an opportune time for homebuyers and investors to secure mortgages or consider refinancing. It aligns perfectly with our theme of avoiding the Credit Crunch and Winning with Great Credit.

Thursday: ATM – About The Money

Thursday’s show was all about the money. We focused on financial strategies and why NOW is the time to buy real estate. Key points included:

  1. Real Estate Success: Understand essential rules of money, including the 1% Rule, 4% Rule, and the Rule of 72, to gain an edge in real estate investments.
  2. Financial Edge Academy: The workshop aims to build a community of Streetsmart – Money Smart individuals who take control of their finances.
  3. 72 Hour Money Challenge: Join this program to turn expenses into income, with guaranteed success and daily payouts.

Real estate success starts with understanding and applying these financial principles. By focusing on these strategies, you can build a strong financial foundation and achieve real estate success.

Today’s show and better credit are brought to you by www.TimeToFixMyCredit.com. Text “EDGE” to 561-861-2366 to learn more about building your financial edge and unlocking real estate success through good credit!

So there you have it! TGIF – Thank Goodness It’s Friday! We’ve covered a lot this week, from financial literacy and market analysis tools to the rules of money and real estate trends. Remember, don’t just listen – use our show to get started in real estate investing. Tune in every weekday to The Real Estate Show, a literal seminar in every episode. Have a fantastic weekend, and we’ll see you again LIVE on the Monday on a Mission edition of The Real Estate Show!

TGIF = Thank Goodness It’s Friday TGIF = Thank Goodness I’m Financially Prepared! TGIF = Thank Goodness It’s Florida – The Best Real Estate Market to Invest in America! TGIF = Thank Goodness It’s Finished!!

We did it! Thank you for tuning in this week. Remember to share this show and help others start their journey to real estate success. Sharing is caring, and together we can achieve financial freedom through real estate!

Join us in our workshops next week and take control of your financial future. Text “EDGE” to 561-861-2366 to secure your spot today!

Have a great weekend, and see you on Monday!



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 

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.

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Posted by Eric Willner on July 20th, 2024 9:30 AM

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