The Real Estate Show

Radio Show Notes 08/29/24 Thursday: 

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Ready, Set, Close! Master the Final Steps to Real Estate Success on The Real Estate Show

Finalize Loan, Walk-Through, and Close Escrow - Thursday ATM – About The Money Edition

By Eric Willner, Investor, Coach, 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." This is your daily real estate seminar in every episode, and it's the only show that puts money back in your pocket!

Today is Thursday, and we call it the “ATM – About The Money” edition of The Real Estate Show. We’re talking all about the money and why NOW is the perfect time to buy real estate. We continue our journey through the Real Estate Success system, focusing on Step 7: Ready, Set, Close!
(Finalize Loan, Walk-Through, and Close Escrow).

Did you know that over 80% of real estate buyers report feeling overwhelmed as they approach the closing process? It’s understandable. With so many details and legalities involved, Step 7 can seem daunting. But it doesn’t have to be. With the right preparation, this is the most exciting part of the real estate journey, where dreams turn into reality!

About The Money: The Rules of Money

Do you know the Rules of Money? Yes, there are rules that govern the flow of money, and knowing these rules gives you the ultimate financial edge. Here’s a quick refresher:

• The 1% Rule: A guideline for rental property that says the monthly rent should be at least 1% of the purchase price.
• The 4% Rule: A common retirement strategy that suggests withdrawing 4% of your savings annually to avoid running out of money.
• The Rule of 72: A quick way to calculate how long it will take for an investment to double, simply by dividing 72 by the annual interest rate.

Knowing and applying these rules will give you a serious edge in real estate and financial planning. You can’t win the money game if you don’t know the rules! And this is why Step 7, Ready, Set, Close, is so important.
The better you understand your finances, the better prepared you'll be to make the most of your real estate investments.

Did you know that properly finalizing your loan at this stage can save you tens of thousands of dollars over the life of your mortgage? That’s right! Even a slight reduction in your interest rate can result in significant savings.

Wednesday Night Workshop Recap

We had a great Wednesday night workshop last night! We discussed the Financial Edge Academy Overview, and we’re building a community of Streetsmart and Money Smart people who are ready to take control of their financial futures. Yesterday, we showed you the 72-Hour Challenge, and it was a huge hit! If you haven’t heard about this challenge yet, let me tell you more.

Debt is the middleman between you and financial freedom.  Ready to take control of your finances and put more money back in your pocket? Join us for the exciting 72-Hour Money Challenge – where financial experts do the work, and you reap the rewards! 

Stop giving your hard-earned money away to the Government, Banks, and Big Business! Let our team of experts turn these expenses back into income for YOU. 

Here’s what you can expect:

• Our Experts Do The Work: Unlike other programs, we provide you with a complete team of financial experts who will do the heavy lifting for you and anyone you refer.
• GUARANTEED SUCCESS: We’re so confident in our program that we guarantee to put more money in your pockets than what our membership costs, or you get your money back!
• YOU GET PAID DAILY: Simply refer others to our 72-Hour Money Challenge, and let our experts do the rest. You can earn immediate and long-term residual income while enjoying one of the highest member retention rates in the industry!

Don’t miss out on this incredible opportunity to transform your financial future. Take and share the 72-Hour Money Challenge today! 

Ready to join? Simply text EDGE to 561-861-2366 and let’s get started. Together, let’s make your money work for you!  #72HourChallenge #FinancialFreedom #MoneyMatters

You can join us Online by Invitation simply by texting EDGE to 561-861-2366.

Real Estate Success: Step 7 - Ready, Set, Close! (Finalize Loan, Walk-Through, and Close Escrow)

Let’s break down why Step 7 is so critical, using examples and numbers that will make the case clear as day. Step 7 is all about finalizing the loan, performing the walk-through, and closing escrow. This is the last step before you get the keys to your new property, so you want to be laser-focused on making sure everything is in order.

Here are 5 compelling reasons why this step is so important:

1. Finalizing Your Loan Saves Big: By locking in your interest rate before closing, you can save thousands. For example, on a $400,000 mortgage, reducing your rate by just 0.5% can save you over $120 per month—that’s $43,200 over a 30-year loan term.
2. The Walk-Through is Your Last Chance to Prevent Issues: Let’s say you’re buying a $500,000 home, and during the walk-through, you notice the HVAC isn’t working or the roof has a leak. These could cost $10,000+ in repairs. Catching these before closing can save you thousands.
3. Closing Escrow Builds Immediate Equity: Once escrow closes, you begin building equity. If you made a 20% down payment on a $400,000 home, that’s $80,000 in equity. If the home appreciates just 5% in the first year, that’s another $20,000 in equity. Real estate is one of the best ways to grow your wealth!
4. Negotiating Closing Costs Can Save Thousands: Closing costs usually range from 2% to 5% of the purchase price. On a $400,000 home, that’s up to $20,000. Smart negotiations and financing strategies can reduce these costs, keeping more money in your pocket.
5. Credit Score Impacts Your Loan: Getting your credit in order before closing ensures you qualify for the best rates. Today's Show is brought to you by 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 through good credit.

Let’s continue to talk about why NOW is the time to buy real estate, focusing on Step 7 - Ready, Set, Close!

The Power of a 3-Pronged Approach

In real estate, having a 3-pronged approach is essential. Think of it as a 3-legged stool—remove one leg, and it topples over. Here are the 3 beliefs that form this solid foundation:

1. Everyone should own a home – Be a homeowner.
2. Everyone should have their finances in order – Have a written financial plan.
3. Everyone should own a business – One that pays you and gives you tax benefits.

The Financial Edge is all about this. With our 5-Star Continuous Improvement System and 5-Star Experts, we guide you through:

• L1 - Save more of what you make.
• L2 - Make more by investing wisely.
• L3 - Multiply your wealth through leverage.

Remember, today’s show is brought to you by TimeToFixMyCredit.com. Text "Credit" to 561-861-2366 for help in unlocking real estate success through better credit!

And if you’re thinking about attending one of our free workshops this week, don’t wait! Text "Edge" to 561-861-2366 to secure your spot today.

The Bottom Line: Why Real Estate Success - Step 7 Matters

The bottom line is this: Real estate is the IDEAL investment—Income, Depreciation, Equity, Appreciation, and Leverage. Step 7, Ready, Set, Close, is the gateway to all of that, but you have to take action.

So, what’s your next step? Attend one of our workshops! Text "Edge" to 561-861-2366. 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. So SHARE this show too! Sharing is caring!”