July 12th, 2024 7:57 PM by Eric Willner
Radio Show Notes 07/12/24 Friday:
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Your Step-by-Step Guide to Real Estate Success: Week in Review
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!
Unlocking the Door to Success: A Step-by-Step Guide to Buying Real Estate
Hello, everyone! I'm Eric Willner, your host, 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.” Welcome to today’s "Friday Weekly Wrap-Up" edition of The Real Estate Show.
This week, our focus has been on the theme of Unlocking the Door to Success: A Step-by-Step Guide to Buying Real Estate. Today, we'll 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?
Real estate continues to be one of the safest and most lucrative investment opportunities. Did you know that owning real estate has been a consistent path to wealth for centuries? Real estate investment offers numerous benefits, including appreciation, cash flow, tax advantages, and the ability to leverage your investment.
Upcoming Free Workshops
Before we dive into today’s recap, let me remind you of next week’s special FREE workshops:
Remember, we are in full “Challenge” mode with the 72 Hr Challenge. You can join NOW by texting “Challenge” to 561-861-2366.
Why Now is the Time to Buy Real Estate
Unlocking the Door to Success: A Step-by-Step Guide to Buying Real Estate is all about understanding why NOW is the perfect time to invest in real estate. Here are three compelling reasons why this is critical:
Ultimately, the goal is to be financially free as an investor. To do 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!
Breaking Free from the Employee Mindset
Many people are stuck in the role of an employee and can’t gather the courage to become business owners. By listening to The Real Estate Show, we can help you get unstuck. This week, we’ve laid out the roadmap to safely create and keep wealth through affordable homeownership, a written financial plan, and multiple streams of income. Independence and peace of mind start with being organized, educated, and having a financial edge.
Monday: Monday On A Mission
On Monday, we set the stage for the week by discussing the importance of having a clear mission when it comes to real estate investment. Here are three key points from Monday's show:
1. Define Your Goals: Understanding your long-term financial goals is crucial. Whether it's creating a passive income stream or building wealth for retirement, having clear objectives will guide your investment strategy.
2. Assess your financial situation to determine your readiness for buying a home.
3. Get pre-approved for a mortgage to understand your borrowing capacity.
4. Market Research: We emphasized the importance of thorough market research. Knowing the current trends, property values, and potential growth areas will help you make informed decisions.
5. Building a Team: Real estate investing is not a solo endeavor. Having a reliable team of professionals, including realtors, mortgage brokers, and financial advisors, can make a significant difference in your success.
1. Find the right real estate agent to guide you through the process.
6. Make an informed offer and negotiate effectively.
7. Close!
8. Leverage your investment to maximize your financial returns.
Tuesday: Tools, Tips, and Techniques
Tuesday's show focused on the practical tools and techniques you need to succeed in real estate investing. Here are the highlights:
Here are some practical steps to help you succeed in your real estate endeavors:
Wednesday: Midweek Mortgage, Market and Money Report
Wednesday's show was all about understanding the current market conditions and how they impact your real estate strategy. Here are three key takeaways:
· Current Market Overview: Discussion on mortgage rate trends and their implications.
· Refinance Demand: Analysis of the decline in refinance applications despite high home equity.
· Home Purchase Activity: Increase in home purchase applications driven by FHA and VA loans.
· Supply Dynamics: Examination of the current housing supply, focusing on new vs. existing homes.
· Tools and Techniques: Practical advice for navigating the real estate market, including workshops and financial planning.Thursday: ATM – About The Money
Thursday's show, "About The Money," focused on the financial aspects of real estate investing. Here are the key points:
· Introduction to Real Estate Investing: Emphasis on the importance of buying real estate as a key to financial success.
· Financial Rules for Success: Introduction to the essential rules of money management, such as the 1% Rule, the 4% Rule, and the Rule of 72.
· Financial Edge Academy: Highlighting the benefits of joining the Financial Edge Academy for financial literacy and education.
· Market Trends: Discussion of current mortgage rates and trends, including the national 30-year mortgage interest rate and refinance demand.
· Real Estate Inventory: Analysis of the current home supply dynamics, including the differences between new and existing home inventories.
· Call to Action: Encouragement to join the 72-Hour Money Challenge and improve financial literacy.
· Three-Pronged Approach: Explanation of the three beliefs for financial success: homeownership, financial planning, and business ownership for tax benefits.Conclusion
So there you have it! TGIF – Thank God it’s Friday! TGIF – Thank God I’m Financially prepared! TGIF – Thank God it’s Florida – The Best RE Market to invest in America! And TGIF – Thank God it’s Finished!!
We did it! Thank you for tuning in this week. 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!
Today's show and better credit is 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.
Have a fantastic weekend, and remember, success in real estate is just a step away!
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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