The Real Estate Show

Radio Show Notes 07/11/24 Thursday:

Read a summary of the show below or

Listen Here

Watch Live Facebook Video Here

Discover the Rules of Money: Why Now is the Perfect Time to Buy Real Estate

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. My name is Eric Willner, known as the Voice of Real Estate and founder of America’s longest-running daily radio show about real estate. I’m also the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free”. It’s a virtual real estate seminar in every episode.

Have the news, media, and economy left you wondering if now is a good time to buy or sell real estate? If so, you're in the right place. Today is Thursday, which means it’s the “ATM – About The Money” Edition of The Real Estate Show. Today, we're diving into why NOW is the right time to buy real estate, under our theme: Unlocking the Door to Success: A Step-by-Step Guide to Buying Real Estate.

Did you know that understanding the rules of money is crucial to your financial success in real estate? Today, we'll discuss key financial principles like the 1% Rule, the 4% Rule, and the Rule of 72. These rules are foundational to gaining a financial edge.

Last night, we had a fantastic workshop at the Financial Edge Academy Overview. We’re building a community of Street-Smart and Money-Smart people, and we introduced the 72-Hour Challenge, which you can join by texting EDGE to 561-861-2366.

Unlocking the Door to Success: A Step-by-Step Guide to Buying Real Estate

Real estate is a powerful tool for building wealth, but it requires a strategic approach. Here are five compelling reasons why understanding this step-by-step guide is essential:

1. Building Equity: Owning property allows you to build equity over time, unlike renting, which only enriches your landlord.
2. Appreciation Potential: Real estate typically appreciates in value, providing a significant return on investment over the long term.
3. Tax Benefits: Homeownership offers several tax advantages, including deductions for mortgage interest and property taxes.
4. Leverage: Real estate allows you to leverage other people’s money, through mortgages, to increase your investment capacity.
5. Stability: Real estate provides a stable investment that can hedge against inflation and economic volatility.

Today’s Show is brought to you by www.TimeToFixMyCredit.com. Don’t let bad credit hold you back from achieving your real estate goals! Text "Credit" to 561-861-2366 to learn more about building your financial edge.

Mortgage Rate Trends

Let’s take a look at the current mortgage rate trends, which play a significant role in the real estate market. According to BankRate.com, as of July 10, 2024, the average interest rate for a 30-year fixed mortgage is 6.98%, a slight decrease from last week. The average 15-year refinance interest rate is 6.51%, also down slightly. These rates influence buying and refinancing decisions, and understanding them is critical to making informed choices.

Refinance Demand and Home Equity

Despite homeowners sitting on $17 trillion in equity, refinance demand has dropped for the fourth consecutive week. This decline is due to high interest rates, which make pulling out cash less attractive. However, applications for home purchases have increased by 1%, driven by FHA and VA loans. It’s essential to stay updated on these trends to navigate the market successfully.

Housing Supply Dynamics

There’s a common misconception that there are too many homes for sale. In reality, there’s a 4.4-month supply of homes, with a balanced market typically having a six-month supply. The increase in supply is mainly in new homes, which have a nine-month supply compared to existing homes. Understanding these dynamics helps in making better investment decisions.

The Rules of Money

To succeed in real estate, you must know the rules of money:

• The 1% Rule: Ensures that the rental income is at least 1% of the purchase price.
• The 4% Rule: A guideline for safe withdrawal rates in retirement.
• The Rule of 72: A quick way to estimate how long an investment will take to double, given a fixed annual rate of interest.

Understanding these rules gives you a financial edge and the ability to see financial opportunities better and faster.

Free Workshops

Remember our special free workshops:

1. Next Tuesday 8pm Path To Home Ownership Introduction – Online by Invitation. Text Home
2. Next Wednesday night 8:30pm Financial Edge University “101 Overview” – Online by Invitation Text Edge

These workshops are designed to equip you with the knowledge and tools to succeed in real estate. Financial literacy is crucial, and we believe every month should be Financial Literacy Month.

Three-Pronged Approach

We advocate for a three-pronged approach to financial success:

1. Homeownership: Everyone should buy a house and become a homeowner.
2. Financial Order: Ensure your house is in financial order with a written financial/life plan.
3. Business Ownership: Everyone should own a business that pays them and provides tax benefits.

This approach forms the foundation of our Financial Edge strategy, helping you win at the money game with a 5-Star Continuous Improvement System and expert coaching.

Action Steps

There are three options for taking action today:

1. DIY: Version 2.0 of The Automatic Landlord is coming soon.
2. DWY: Exclusive coaching for serious investors.
3. DFY: Investment deals starting at 10% total ROI.

Conclusion

Thank you for tuning in to The Real Estate Show. Remember, real estate is the best investment you can make. Use our resources and workshops to get started in real estate investing. Tune in every weekday for more insights and advice – a literal seminar in every episode. Don’t forget to join our free online workshops by texting EDGE to 561-861-2366.

Today's Show is Brought to You By: TimeFixMyCredit.com, text “Credit”. Thinking about attending one of our free workshops this week? Text "Edge" to 561-861-2366 to secure your spot today!

Join us tomorrow for our Thursday ATM Edition of The Real Estate Show, and stay updated on what’s happening in the real estate world. Together, let's unlock the door to your real estate success.

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.

#TheRealEstateShow, #The.Real.Estate.Show, #EricWillner, #AutomaticLandlord, #Saving vs Investing, #ThirdHome, #BestRealEstate, #WSBR, #AM740, #FM 96.9, FM 103.9, #WWNN, #AM1470, #MoneyTalkRadio, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #Saving, #Investing, #Debt Solutions, # So You Can Retire Debt-free, #RetireDebtFree, #VA Loan, #AutomaticDebtSolution