The Real Estate Show

Radio Show Notes 08/08/24 Thursday:

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Realtor ROI: How the Right Agent Can Boost Your Bottom Line

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. The radio show is called “The Real Estate Show,” hosted by me, 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. AND it’s the only show that puts money back in your pocket!

Attention: Did You Know?

Did you know that choosing the right real estate agent could be the single most important decision you make in your real estate journey? Whether you’re buying your first home, selling a property, or investing in real estate, the right agent can make or break your success. Today is Thursday, where we say it’s the “ATM – About The Money” Edition of The Real Estate Show, and it’s where we continue to talk about why NOW is the time to buy real estate.

Today, we’re diving deep into Real Estate Success: Step 4 – Finding the Right Agent in our Step-by-Step Guide to Buying Real Estate. And it’s not just about finding any agent; it’s about finding the one who knows “The Rules of Money.” Yes, there are Rules of Money, and if your realtor doesn’t know them, you could be leaving thousands of dollars on the table. Let’s talk about these rules.

Interest: The Rules of Money

Do you know the 1% Rule? The 4% Rule? The Rule of 72? These aren’t just abstract concepts—they’re critical tools that you and your agent should understand to get the edge in your finances.

• The 1% Rule: A quick way to evaluate the potential profitability of an investment property. Your agent should use this to assess whether a rental property’s monthly rent is at least 1% of the purchase price. If they aren’t talking about this, you might want to ask why not.
• The 4% Rule: A principle used in retirement planning, but also applicable when you’re considering your real estate investments as part of a long-term financial strategy. An agent who understands this can help you align your real estate investments with your broader financial goals.
• The Rule of 72: A simple formula to estimate the number of years required to double the value of an investment at a fixed annual rate of return. Knowing this can help your agent guide you in making smart investment decisions that maximize your returns.

But here’s a key question: Did you know that an agent’s negotiation skills could save or cost you thousands of dollars? The right agent isn’t just about finding a house—it’s about maximizing value, from negotiation to closing.

Last night at our Wednesday night workshop, we had a great session at the Financial Edge Academy Overview. We’re building a community of Streetsmart – Money Smart people who know how to leverage these rules to their advantage. And we’re showing you how to do it too with our 72 Hour Challenge!

And speaking of challenges, if you want to get ahead, join us online by invitation simply by texting EDGE to 561-861-2366. Let’s build that financial edge together.

Desire: Why Finding the Right Agent is Crucial

So, do you see why Real Estate Success: Step 4 is to find the right agent in our Step-by-Step Guide to Buying Real Estate? Let’s break it down with five compelling reasons:

1. Market Knowledge: The right agent has deep insights into local market trends. They can help you price your property correctly if you’re selling or negotiate the best price if you’re buying. For example, pricing a home 2-3% more accurately could earn you thousands more on a sale.
2. Negotiation Skills: As I mentioned earlier, an agent who saves you just 1% on a $300,000 home puts $3,000 directly back into your pocket. That’s money that could be invested elsewhere or used to enhance your new property.
3. Time Efficiency: The right agent streamlines the process, reducing the time your property sits on the market or helping you find a home faster. Every day your property isn’t sold could cost you hundreds in holding costs. A good agent minimizes these expenses.
4. Network of Professionals: From inspectors to mortgage brokers, the right agent has a network that can help you throughout the transaction. This network ensures that you’re getting the best advice and services at every step.
5. Long-Term Strategy: The right agent isn’t just focused on the transaction at hand; they’re thinking about your long-term financial health. They can advise you on how this purchase or sale fits into your broader financial plan, ensuring that your decisions today set you up for success tomorrow.

Today’s show, and BETTER CREDIT, 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 and unlocking real estate success through good credit!

Action: Take the Next Step

Now, let’s continue our discussion on why NOW is the time to buy real estate, but let’s focus specifically on how choosing the right realtor can directly impact your financial bottom line. Let’s quantify it:

• Negotiation Savings: If your realtor’s negotiation skills save you 1% on a $300,000 home, that’s a $3,000 saving.
• Accurate Pricing: Local market knowledge might help you price a home more accurately, potentially earning you an additional 2-3% on the sale price.
• Efficiency Savings: Efficiency in the process could reduce holding costs by a couple of thousand dollars.

While these are just examples, they illustrate how the right realtor can add tangible value to a real estate transaction. It’s important to interview potential realtors and discuss their approach to these aspects to ensure you find someone who can deliver these financial benefits. Remember, the right realtor is not just about the transaction; it’s about the value they bring to the entire process.

Today’s Show is Brought to You By: www.TimeToFixMyCredit.com, our partner in bringing you home ownership regardless of credit, regardless of down payment. If you’re thinking about attending one of our free workshops this week, text EDGE to 561-861-2366 to secure your spot today!

Let’s also remember the Power of a 3-Pronged Approach—a 3-legged stool is stable; a 1- or 2-legged stool is not. This applies to your financial strategy as well.

The Power of 3: The Three Beliefs

1. I believe everyone should buy a house – Be a homeowner. Owning real estate is the cornerstone of wealth-building.
2. I believe everyone should have that house in financial order – With a written financial/life plan. Planning is key to ensuring your investment pays off.
3. I believe everyone should own a business – A business that pays them AND gives them tax benefits. This is part of your financial edge. Your financial team should be focused on these three pillars.

Let’s talk about it. We have a 2-Level, 5-Star System to WIN at The Money Game. It’s not just about buying or selling real estate; it’s about doing it smarter, better, and with a long-term strategy.

• L1 – Save: Save more of what you already make. This is about efficiency and making sure your money isn’t being wasted.
• L2 – Make: Make more/invest what you make, growing it wisely—smarter, not harder.
• L3 – Multiply: Leverage! This is where the magic happens. By multiplying your investments and leveraging them, you can grow your wealth exponentially.

The Power of 3—it’s a triple play, a triple crown, a holy trinity... Three is the smallest prime number, but it’s also the most powerful when it comes to building a stable financial future.

Three Options to Take Action Today

1. DIY – Version 2.0 of The Automatic Landlord is coming soon. Plus, how to get $$$$.
2. DWY – My exclusive coaching for “Navy SEALs, not baby seals.” This is for those who want to go deeper, stronger, faster in their real estate journey.
3. DFY – Deals starting at 10% total ROI. Done For You investments that deliver strong returns with minimal effort on your part.

Final Thoughts

Are you retired and looking for a safe, lucrative way to invest? Learn the secret to getting up to $1 million a year with good credit and become a passive investor in a done-for-you real estate investing system. This Sunday special Masterclass – Text MASTERCLASS to 561-861-2366

So as we wrap up today’s Thursday ATM – About The Money Edition of The Real Estate Show, remember: Today’s Show is Brought to You By www.TimeToFixMyCredit.com. Text CREDIT to 561-861-2366 to learn more.

Thank you for listening. But don’t just listen—use our show to get started in real estate investing. Tune in every weekday to our show, a literal seminar in every episode of The Real Estate Show.

The most important question is—what is your next step? Join us in our workshops—they are for you! And don’t forget, tomorrow is our Friday Weekly Wrap-Up! Don’t miss the highlights of the week!

Remember: “It’s a stone-cold fact that real estate is the best investment. Period. It’s the IDEAL Investment.” So, remember to SHARE this show too! Sharing is really the opportunity to give & help others! Sharing REALLY is CARING!

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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