The Real Estate Show

Radio Show Notes 10/01/24 Tuesday: 

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Why Real Estate Ownership Beats Renting: 9 Key Strategies for Wealth and Stability

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!
I’m Eric Willner, known as the Voice of Real Estate and founder of this iconic show. For over 30 years, we’ve been educating and empowering listeners to make smarter, more informed decisions in real estate. Whether you’re a first-time homebuyer, seasoned investor, or simply someone curious about the real estate market, this show is your personal seminar on all things real estate. I’m also the creator of The Automatic Landlord System—the key to owning cash-flowing real estate profitably and hassle-free. We cover the entire spectrum—from buying your first property to managing a portfolio with ease.

Did You Know?

Before we dive in, let me start with some thought-provoking questions that may change how you look at real estate:

1. Did you know that homeowners, on average, have 40 times more wealth than renters?
2. Did you know that renters are more vulnerable to inflation and rising housing costs than homeowners?
3. Did you know that without homeownership, it’s much harder to achieve financial independence and retire early?

These are just a few of the alarming statistics about the current market. It’s important to be aware of the challenges you may face so that you can plan accordingly. Homeownership is not just a roof over your head—it’s a strategic step towards building wealth and security. Unfortunately, many Americans find themselves trapped in cycles of renting, burdened by debt, and dealing with poor credit, which prevents them from unlocking the financial benefits that come with owning property.

Owning Is Much Better Than Renting

Today’s theme is simple yet powerful: Owning is much better than renting. If you’ve been listening to the show for a while, you know this isn’t just a catchy slogan. It’s a fundamental truth that we’ll break down into actionable steps to help you achieve your real estate goals. Owning your own home—or even better, investment properties—is a critical step toward financial independence and retiring early.

Transformation Tuesday

 Our Mission is…

As we embark on this Transformation Tuesday, let’s seek transformative power, not just in our work, but in our personal lives. Let us pray:
"Lord, as we embark on this Transformation Tuesday, we seek Your guidance and transformative power in both our work and personal lives. Bless the properties we handle, that they may become places of warmth, security, and transformation for those who dwell within. Amen."

9 Reasons Why Owning Is Much Better Than Renting And The Steps

Yesterday, I gave you 10 reasons why owning is much better than renting. Today, let’s break them down into 9 actionable steps.

1. Build Equity Over Time
   Unlike renting, where your money disappears into someone else’s pocket, owning allows you to build equity. This equity is like a forced savings account. Every mortgage payment chips away at the principal, which in turn builds your net worth. It’s one of the most reliable ways to increase your wealth over time.
2. Stable Monthly Payments
   When you rent, your landlord can increase your rent every year, subjecting you to the whims of the market. But when you own your home with a fixed-rate mortgage, your monthly payments remain stable. This predictability helps you manage your budget and protect yourself from inflationary pressures.
3. Tax Benefits
   As a homeowner, you’re entitled to a number of tax benefits. From mortgage interest deductions to property tax write-offs, owning can significantly reduce your tax burden. This translates to more money in your pocket each year, something renters miss out on completely.
4. Appreciation of Property Value
   Over time, real estate generally appreciates in value. When you own, you can benefit from this appreciation. Renting, on the other hand, offers zero opportunity to profit from rising property values.
5. Leverage
   Real estate offers a unique opportunity to leverage your investment. By taking out a mortgage, you can control a large asset with relatively little money upfront. Over time, the value of the property increases, but your mortgage stays the same, allowing you to profit off a much larger asset than you could with cash alone.
6. Control Over Living Environment
   When you rent, you’re subject to the landlord’s rules. Want to paint the walls or remodel the kitchen? You need permission. When you own, you have complete control to make your home truly yours, from cosmetic changes to significant upgrades that can increase the property’s value.
7. Retirement Security
   Owning a home provides a stable and secure place to live during retirement. With no mortgage, you’re not worrying about monthly rent payments that could rise at any time. Many homeowners even downsize or use the equity in their homes to help fund their retirement.
8. Cash Flow Through Rentals
   Real estate can also generate passive income. By owning rental properties, you receive monthly cash flow, all while your tenants are essentially paying down your mortgage and increasing your equity.
9. Pride of Ownership
   There’s a certain pride and satisfaction that comes with owning your own home. It’s an accomplishment—a tangible result of your hard work. This sense of ownership creates stability for your family and a deep-rooted connection to your community.

Today’s Tools and Techniques

Now that you understand why owning is so powerful, let’s dive into the Tools and Techniques to help you take that next step towards homeownership or expanding your portfolio. These are practical, actionable strategies that you can start applying today.

1. Expert Real Estate Home Ownership Coaching
   One of the most critical tools is knowledge. Our real estate coaching helps you understand the intricacies of the market, what steps you need to take, and how to avoid common pitfalls.
2. Path to Home Ownership Free Workshops
   Every Tuesday, we hold free workshops that walk you through the homebuying process—from securing financing to finding the right property.
3. Financial Calculators
   These tools allow you to accurately calculate your mortgage payments, compare renting vs. owning, and see how quickly you can build equity in a property.
4. A Financial Plan
   It all starts with a solid financial plan. Whether you’re saving for a down payment or planning for retirement, having a clear strategy will get you there faster.

Sponsor Break

Today’s show is brought to you by TimeToFixMyCredit.com. If your credit score is holding you back from homeownership, visit them today and get started on the path to financial freedom. Text "CREDIT" to 561-861-2366.

More Actionable Tools for Your Real Estate Success

• Budgeting and Saving: Setting a clear budget and saving for a down payment is one of the most important steps you can take toward homeownership.
• Understanding Your Financing Options: Knowing the different mortgage products available and working with a knowledgeable lender can make the difference between success and failure.
• Networking with Other Investors: Joining local real estate investor groups can provide you with insights, opportunities, and mentorship.

Call to Action

If you have specific questions about home loans, text "LOAN" to 561-861-2366, and we’ll tackle them on a future show! And don’t forget to join us next week for more practical advice on making the most of your real estate investments.

Summarizing Today’s Show in 5 Key Points:

1. Owning is much better than renting, offering long-term wealth-building opportunities.
2. Building equity is a crucial step toward financial independence.
3. Stability in payments provides financial predictability.
4. Tax benefits help reduce your annual tax burden.
5. Real estate as an investment offers cash flow, leverage, and appreciation.

Conclusion

That wraps up today’s Tuesday Tools, Tips, and Techniques Edition of The Real Estate Show. Tomorrow is our Wednesday Midweek Mortgage and Market Report, where we’ll dive into the latest market trends and mortgage news. Don’t miss it—there’s always something new to learn in the world of real estate!

Thank you for tuning in. Don’t just listen—take action! Get started on your journey to real estate investing, and remember to attend our free online workshops. Text "EDGE" to 561-861-2366 to sign up today! We’ll see you tomorrow for another episode of The Real Estate Show—your daily seminar in real estate investing.

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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