House Rich: The Real Estate Show

Use my network to find a realtor (that doesn't suck) near you https://homeandmoney.com/houserichdave/ Gizmo and I explain why the mortgage underwriting process takes so long by covering the steps in the underwriting process, the underwriting timeline and common errors that can lead to delays.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Giz and I talk about the CFPB looking to eliminate "junk fees" from mortgage lenders and how you can reduce them yourself my understanding how to read a loan estimate. We talk about. We also talk about common mistake 1st time homebuyer make when looking at quotes from lenders.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Gizmo and I discuss the pros and cons if first time home buyers using a mortgage broker versus a big bank or direct lender when getting a home loan.  Some of the items we cover are *seller perception *Does a mortgage broker or bank close loans quicker *Do mortgage brokers or banks have better loan programs *Common misperception *Why oversight on lenders matters This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Giz and i discuss the 2024 USA today maintenance survey covering topics such as -annual home maintenance costs -How much homeowners spend yearly on maintenance -Hidden maintenance costs -Tips for new homeowners to reduce maintenance expenses   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Gizmo and I talk about the components of your mortgage payment (Principal, interest taxes, insurance and HOA dues) and which ones are likely to increase. What to watch out for with new construction homes when it comes to property taxes and solutions if you get into a pinch and cant afford your mortgage payment This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

When touring a property make sure you are examining the neighborhood around the house because you don't want to love the house but hate the neighborhood. I explore everything from tips on evaluating where your HOA money is going, accessing neighbors landscaping to how to identify upcoming construction. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Hey I'm back.   **This is kind of a visual episode, see her for the Youtube link if you want to see what I'm referring to. https://youtu.be/0XKPpThZJKg I cover things 1st time homebuyers often overlooks when touring a property. I cover what to look for inside an outside of the home from checking the gradient of the property to giving a good hard look (or smell) as to why that good smelling candle is lit in the home. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Things going forward

I breakdown the article from realtor.com where they list 9 cities that will provide people that move there money whether they buy a home or not.     Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   "These Places Will Pay You Tens of Thousands To Move There—but How Much Will It Really Cost You? Those struggling to come up with a down payment for a home or their first month's rent plus security deposit might be relieved to know there are places in America that are paying people to relocate there.   Some smaller cities and states are offering incentives, worth up to $15,000, to those who can work remotely to move there. While relocation incentive packages vary greatly, some are throwing in cash, free gym memberships, museum passes—and even dinner with the mayor.   These incentives appear to be working. More than 50,000 people applied for these programs in 2023, according to the online marketplace MakeMyMove.com, as reported by CNN."   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I breakdown president plan for the housing market as discussed during his state of the union speech.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   During his State of the Union Address, President Biden will call on Congressional Republicans to end years of inaction and pass legislation to lower costs by providing a $10,000 tax credit for first-time homebuyers and people who sell their starter homes; build and renovate more than 2 million homes; and lower rental costs.  President Biden also announced new steps to lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters.   https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/11/fact-sheet-the-presidents-budget-cuts-housing-costs-boosts-supply-and-expands-access-to-affordable-housing/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I explain the history behind squatter's rights and why they still exist today. Most people confused squatter's rights, the right of tenants and criminals that have illegal broken into a property and are abusing tenants right's to stay in the property. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   I also cover solution's to the squatter epidemic an well are talk about a guy name Flash Shelton, the "Squatter Hunter" and how you can hire him to get rid of squatters   "A New York City property owner recently ended up in handcuffs following a fiery standoff with alleged squatters who she has been trying to boot from her family's home, tense footage shows.   Adele Andaloro, 47, was nabbed after changing the locks last month on the $1 million home in Flushing, Queens, that she says she inherited from her parents when they died, ABC's Eyewitness News reported.   “It's enraging,” the homeowner said of the squatter saga.   “It's not fair that I, as the homeowner, have to be going through this. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I cover the impact of settlement where National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs. I cover this from the point of view of the first time home buyer and how it will impact them from a position of increased fees, a decrease in knowledge and why first time home buyer in low to moderate income communities will be the most impacted   Topic covered   01:43 NAR settlement case/verdict overview 02:38 How buyer's agents are compensation 03:09 buyers agent agreement explained 04:35 Why the 1st time homebuyer is getting screwed 06:54 The impact of the settlement on home prices 07:47 what drives home prices 09:56 why sellers won't lower prices due to NAR's settlement 11:58 What if sellers lowered prices 15:02 Who doe FTHB turn to? 15:39 Winners 16:42 times have changed 17:10 future commission scenarios 19:32 Buyers at the lower end of the market being the most impacted     Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/

I cover the  @realtordotcom  article "U.S. Housing Supply Short 7.2 Million Homes" The topics covered are 03:41 The large margins for new home builders and why they can over incentives to new home buyers 04:40 Where the 7.2M deficit number comes from 06:23 Why the starter home is disappearing 08:20 Metros with the biggest deficit in single family homes "While the number of homes for sale has been recovering from pandemic-era lows thanks to a surge of new construction, a new Realtor.com® analysis found that the market is still missing up to 7.2 million homes, the result of more than a decade of underbuilding relative to population growth." Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/ This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

I compared the benefits for an FHA loan versus conventional loan for 1st time homebuyers in 2024. The topics we cover are 01:33 FHA loan credit requirements 03:51 conventional loan credit requirements 04:41 Biden's loan level price adjust "hurting" those with good credit 05:21 Down payment requirements for FHA loans 06:00 Conventional loan down payment requirements 06:30 Update conventional loan housing hacking guidelines 06:52 Conventional loan vacation home and investment property guidelines 07:43 Occupancy requirements for FHA and conventional loans 08:01 Does an conventional or FHA loan have better rates 08:21 Differences in mortgage insurance between FHA and conventional loans 09:52: LTV explained and an example 11:34 How to drop mortgage insurance on an FHA loan 12:12 DTI requirements for FHA and conventional loans 13:19 2024 Loan limits for FHA and conventional loans 14:24 Seller perception for FHA and conventional loans 15:22 Appraisal differences for FHA and conventional loans 16:00 The amendatory clause explained Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/ This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

I provide an updated 2024 interest rate forecast for the housing market as well as examine the external factors that impact your interest rates as well as the one you can control when it comes to your interest rate.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I review how to get a NACA loan in 2024 by going over the NACA guidelines listed in the NACA Qualifications Workbook as well as reviewing the  NACA Homebuyer Workshop Presentation. These are the topics covered 1:35 Your 3 big questions about getting a NACA loan 2:50 NACA;s 10 steps to homeownership 3:00: Step 1 NACA workshop overview 3:17: step 2 Understanding the NACA membership portal 4:31: step 3 NACA qualification 4:45: 1st hand experience from a member & mindset for the NACA program 6:11 NACA's below market rate & priority v non-priority members 8:17 NACA priority and eligible areas 9:17 NACA's interest rate buy down 11:04 NACA loan type overview rehab loan, section 8 program 11:40 NACA Loan limits 12:21 how NACA determines what you can afford 12:51 NACA's budgeting worksheet 13:27 How NACA calculates monthly savings 14:05 NACA payment shock 15:30 NACA DTI limits 17:46 NACA membership requirements 18:38 NACA credit requirements 20:31 NACA does pull your credit report 21:17 How NACA looks at on-time payment history 21:39 How NACA looks at rental history /proof of payment 23:07 NACA's income qualification for W2 employees & self employed 24:00 How NACA looks at debt and derogatory credit impact the ability to qualify 24:43 How student loan debt impacts qualifying for a NACA loan 25:39 how much money do you need for the NACA program 27:01 NACA reserve requirements 27:34 The documents you need for a NACA loan 28:12 steps 4-10 overview of the NACA program Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Maybe you can call this a very special episode. But on today's episode i discuss the realization i have Asperberg's syndrome as an adult how in hindsight it impacted my life from childhood to adulthood, how it brought me to where I am today and how I plan to cope going forward.   "People with high-functioning autism/Asperger's often have difficulty with social situations, and they may not be able to understand the perspectives and feelings of others. However, their language and cognitive skills are often typical.   People with the condition may also engage in specific, repetitive body movements. They often have an orientation toward detail and an interest in systemizing, which can come across as an obsession. Some may show remarkable facility in a narrowly focused and usually non-social area, such as baseball statistics or train schedules" -psychologytoday.com Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Whether you're a Veterans, Active duty service member, civilian or something in between this episode has something for you. We cover the update 2024 VA loan guidelines. Items covered are VA loans limits VA loan credit requirements VA loan residual income requirements VA loan residual income requirements What types of properties you can buy with a VA loan VA funding fees VA appraisals and more   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I discuss the bogus concept in the Marketwatch article that "Renting a three-bedroom home is cheaper than owning one in 90% of the U.S" The raw information was compiled by Attom a real-estate data analytics company that looked at single-family home prices between January and November 2023, as well as rental and wage data, for 338 U.S. counties with enough data to analyze   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I cover the 2024 updates for the FHA 203K rehab / renovation loan which allows first time home buyers to roll the renovation cost into their loan. The items covered are -Max FHA 203k Loan amount -FHA 203k occupancy requirements -Financing mortgage payments -FHA 203k limited loan -HUD consultant -FHA 203k Standard Loan -Rates -Who can do the repairs -Financing scenarios -The FHA 203k Process Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I help you figure out how much home you can afford on your salary. I look at a client of mine's credit, income and credit to determine what kind of home she can qualify for on her 100k salary in Dallas. You can use these tips to determine how much you can qualify for based on your personal DTI. Oh BTW there is a big difference between afford and qualify, we talk about that too. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I analyze 2024 housing market predication for industry experts as well as where interest rate will go in 2024. I look at 2024 housing market predications from the Mortgage Bankers Association, CoreLogic, Fannie Mae, Redfin, Zillow and more.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I cover the 2024 conventional loan guidelines. This is a mini-master class for 1st time homebuyers  covers updates covering the new 2024 conventional loan limits 2024 new down payment requirements for house hacking How a gift of equity works History of Fannie Mae and Freddie mac Bidens LLPA credit updates conventional loan gift funds rules conventional loan first time home buyer requirements conventional loan income guidelines conventional loan credit requirement conventional loan DTI requirements Seller concessional for conventional loans and more Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I discuss the CNN article concerning Navy Federal's discriminatory data. I also discuss question to ask when interviewing your mortgage lender to make sure they are a good fit for you. I also discuss 3 questions to ask your mortgage lender if your loan is denied   The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that reached new heights last year, a CNN analysis found.   Navy Federal Credit Union, which lends to military servicemembers and veterans, approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022, according to the most recent data available from the Consumer Financial Protection Bureau. But less than 50% of Black borrowers who applied for the same type of loan were approved. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

-The Federal Reserve held rates steady at the end of its two-day meeting Wednesday. -Many economists believe this concludes the central bank's rate-hiking cycle, which aimed to bring down inflation without tipping the economy into a recession. -Still, the combination of higher rates and inflation has hit household budgets particularly hard. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I discuss the report that 44% of all Single-Family Home Purchases were by Private Equity Firms in 2023 and tell what is and isn't true.   I think cover how this relates to the bill and Democrats wanting to kick big investors out of the the housing market to improve affordability Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I breakdown the updated 2024 FHA loan guidelines for 1st time home buyers. In this episode I break down.   The history behind the FHA Who is eligible for an FHA loan Who is considered a 1st time homebuyer by the FHA The FHA loan occupancy requirements FHA loan credit guidelines Mortgage insurance for an FHA loan Pros and cons of an FHA loan v a conventional loan FHA rates v conventional loan rates 2024 FHA loan limits Seller concessions for an FHA loan DTI requirements for an FHA loan How the FHA treats student loans FHA loan appraisals FHA 203k rehab loan House hacking with an FHA loan and the FHA self-sufficiency test   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I breakdown the best time of the year for a first time homebuyer to buy a home buy a home as a result of -new construction deals -negotiating power -tax benefits and more Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

In this weeks episode I break down a commission check for a deal i closed in Dallas to show you how much a realtor typically makes from the sale of the home. I also quantify in dollars the value I added to the transaction from a buyers perspective. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

@blackrealestatedialogue joins me this week to discuss the collusion lawsuit against the national association of realtors and the conspiracy to keep realtor commissions high. We cover -Impact of the NAR $1.78 collusion lawsuit on the industry  -details of the trial  -verdict  -evidence  -post-trail  -listener feedback  -impact on prices, sellers, buyers &   Realtors   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. Connect w/ Sam https://www.instagram.com/blackrealestatedialogue/ https://blackrealestatedialogue.com/pages/podcast  

W cover the $1.78B Sitzer/Burnett collusion verdict against the National Association of Realtors and other major real estate brokerages due to inflating real estate commission. I break down the details of the case and answer the questions: -The big winner of the $1.78 realtor collusion lawsuit -Details of the NAR collusion lawsuit - Can you negotiate commission with your Realtor -How do realtors get paid? -How the National Association of Realtors Sitzer/Burnett lawsuit will negatively impact the first-time homebuyer by potentially increase the fees they incurred in order to have representation. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Real Estate After Dark covers this week's housing market news. This week's stories are   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   -Fed Extends Pause on Rate Hikes but Keeps Door Open to Moving Higher: The central bank is sorting through the implications of unexpectedly strong growth and higher borrowing costs. I'll discus how this may impact the 2023 housing market -Jury finds NAR, brokerages guilty in landmark commissions suit Keller Williams, HomeServices of America also ordered to pay $1.78B in damages. I discuss how this may negatively impact the first time homebuyer This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

In this week's episode we discuss assumable mortgages. An assumable mortgage allows the buyer to purchase a home by taking over the seller's mortgage loan. One reason buyers decide to buy a home with an assumable mortgage is to take advantage of financing with a lower interest rate if rates have risen since the seller originally purchased the home.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.   FHA loan guidelines: https://youtu.be/H25Ql_02_GU?si=qi0Ca_z0DtNF8FLS USDA loan guidelines: https://youtu.be/B4ZPEtIEj24?si=sC1Pi1y4mWrNVfi0 VA loan guidelines: https://youtu.be/pIcdlSgy4K8?si=ivSTZbszGCvqqZ7e  

Real Estate After Dark breaks this week's housing market news. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/    This week 'm joined by Sam of  @blackrealestatedialogue  and we discuss *Mortgage rates hitting 8% and if it is really the worst time ever to buy a home. *Biden Unveils Plan To Increase US Homeownership — How It Benefits Low-to-Middle-Income Families Looking To Build Generational Wealth *Morgan Stanley reverses course on the housing market prediction for 2023 and 2024 forecast   Connect w/ Sam https://www.instagram.com/blackrealestatedialogue/ https://blackrealestatedialogue.com/pages/podcast   https://www.cnbc.com/2023/10/21/housing-market-is-painful-ugly-anxious-with-8percent-high-rate.html https://finance.yahoo.com/news/biden-unveils-plan-increase-us-122815341.html https://fortune.com/2023/10/19/high-housing-prices-home-market-affordability-morgan-stanley-forecast-2023/ This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I discuss the legality of buy a CPN. The process of buy a CPN. What happens when you buy CPN What you can use a CPN for. The upsells that happen when you buy a CPN and is buying a CPN worth it.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

These are the pros and cons for the 2-1 mortgage interest buy down. I also discuss properly budgeting for the future when doing a 3-2-1 or 2-1 rate buydown, I also discuss an alternative to the mortgage interest rate buy down.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

10.15 Real estate after dark we discuss this week's housing news:   1:22 I discuss the Oct 12th inflation report and the impact it has on the housing market: Inflation and the housing market: Decoding the latest numbers   6:43 The Airbnb "renter from hell". LA law protects Airbnb guest living at Brentwood rental for 500+ days without paying rent   12:57 The lawsuit against NAR, the National Association of Realtor, ReMax and other brokerage. NAR warns of “Wild West” if plaintiffs win broker commission lawsuit     Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/     This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

This is how a first time homebuyer can figure out how much home they can afford no matter what the interest rates are in their market. - I break down the major components of your debt to income ratio. -I break down the difference between what you can afford and qualify for   Looking in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

This week's housing market and home buying news. Real Estate After Dark 10/4 ☎️Looking in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw

In part II discuss how racial bias impact the appraisal industry and how it impact minority communities with Devin Minnis &  supervisor Jacquelin "Jack" Sonceau of Beltway Appraisal 2 black appraisers.   -Is there racial bias in the appraisal industry? -We talk about a case where a black couple's home was evaluated $500k under -Can technology prevent racial bias in the appraisal industry? -Can training help prevent racial bias in the appraisal industry   Looking in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/ This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I interview black appraisers Devin Minnis &  supervisor Jacquelin "Jack" Sonceau of Beltway Appraisal. They are a rare breed as only 2% of appraiser are black. In part 1 of this episode well discuss. *The steps needs to become and appraiser *The qualifications needed to become and appraiser *What appraisers actually do *What appraisers look for when evaluating a property *How appraisers evaluate unique properties and more... This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.   In part II-https://youtu.be/ORBkCbfOogM I we discuss racial bias in the appraisal industry. * Does racial bias exist in the appraisal industry *The impact of racial bias in the appraisal industry on the wealth gap * Solutions to racial bias in the appraisal industry * Cases where there may have been bias in the appraisal industry   Beltway Appraisals:https://youtu.be/ORBkCbfOogM Devin Minnis: https://www.instagram.com/the_husbandappraiser/

Looking in Dallas? Schedule a call w/ me:https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/ This weeks 9/27 Real Estate After Dark, home buying news topics -homeowners insurance companies like state farms and farmers canceling and raising insurance premiums due to climate change -Douglass Elliman and 30 luxury agent involved in a fair housing lawsuit due to nor adequately helping a section 8 renter -Kevin Hart's remarks on corporations ignoring minority communities and the impact grocery stores have had on causing food deserts   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I break down the major scams and lies I see from unprofessional credit repair companies based on my real life experience in the mortgage industry.   -Why credit repair companies cant legally guarantee timelines -The ridiculous of CPN and who they are illegal -Why mortgage inquires don't matter -Why credit repair companies suggest "don't pay collections"   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

•Why the Fed is raising rates •Fed rate hikes historically •Mortgage rates historically •Mortgage rate impact •Predictions for the Nov meeting This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

I interview home inspector Nita Davidson on tips for first time homebuyers going through the inspection process we cover. -How to become a home inspector and how much home inspectors make -Setting expectations during the home inspection -10 major systems to look at during a home inspection -Deal breakers and non-deal breakers during a home inspection -Sewer scope inspections -Items 1st time homebuyers overlooks during a home inspections -How to handle mold during a home inspection -What 1st time homebuyers should look at during a home walk through -Why you should get an inspection on new construction properties Our guest-https://www.instagram.com/househunter216/ This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

This week's first time homebuyer news • CFPB fines Freedom Mortgage and Realty Connect for Illegal Kickbacks for referrals. I cover how to identify these pay for play schemes as a first time homebuyer and how to protect yourself • Will return to work policies increase inventory? • Is there a “black swan event” coming in the housing market • Rate lock volume plummets in least affordable housing market in 40 years • Q &A   https://www.consumerfinance.gov/about-us/newsroom/cfpb-penalizes-freedom-mortgage-and-realty-connect-for-illegal-kickbacks/   https://markets.businessinsider.com/news/stocks/housing-market-return-to-office-policies-home-sales-remote-work-2023-9   https://www.housingwire.com/articles/rate-lock-volume-plummets-in-least-affordable-housing-market-in-40-years/?cx_testId=26&cx_testVariant=cx_1&cx_artPos=3&cx_experienceId=EXQEK4SQSVBN#cxrecs_s   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

In this episode I cover questions that first time home buyers should be asking Realtors in order to make sure they are the right fit.  

Real Estate After Dark 9/6: I breakdown the updated 2023 housing market forecast from Fannie Mae, Zillow, Wells Fargo Goldman Sachs, the Mortgage Bankers Association and other organizations. I also break down why builder incentives make this a great time to but a new construction home. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

I discuss the guidelines for Zillow's 1% down loan program. I talk other companies that have 1% down loan programs and what to look for to identify if the program works for you. Why certain real estate gurus and personalities discourage you from using certain lenders. Finally i discuss the pros and cons of down payment assistance. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

My loan being decline right before my wife and I got married is what started my professional real estate journey. I go over that story, how I house hacked at 21 w/o my roommate knowing, bought my 2 property and this turned me home buyer education advocate and expert (can I call myself an expert?).   This is a show for millennial first time home buyers looking for actionable steps to but their first home.  

Season 3 Line up so far -Home inspector letting you know what to looks for as a first time home buyer -2 award winning black appraiser covering what they look for and if there is bias in the industry - Heavy focus on guideline breakdown with a focus on actionable steps you can take as a 1st time home buyer -The headlines/news episode will be moved to YouTube live and dropped on Fridays