Podcasts about appraisers

In this episode, Blaine highlights how the massive video rental chain on the 90's and 2000's made some fatal decisions that doomed their future. While many think that Netflix killed Blockbuster, the reality is quite different. Learn the mistakes Blockbuster made and how appraisers are making similar mistakes today. 

Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock on Thursday, July 17th at 8PM Eastern. Keith discusses the competitive nature of short-term rentals (STRs) and the need for hosts to offer luxury amenities to attract guests. Long time investing pro, Alex, joins us to cover the BRRRR strategy in Little Rock, Arkansas, an investor-advantaged market, emphasizing its low property taxes and stable cash flow. They explain the BRRRR process, including: buying, renovating, renting, refinancing, and repeating.  The strategy allows investors to scale their portfolios with minimal initial capital, offering a 0% management fee in year one and 4% in year two.  Resources: Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock on Thursday, July 17th at 8PM Eastern. Show Notes: GetRichEducation.com/561 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE I'm your host. Keith Weinhold, anymore when you own short term rentals like Airbnbs and vrbos, you are in an all out arms race competing to provide amenities like never before. Then what happens when you take the popular burr real estate strategy and overlay it with one of the most investor advantaged markets in all of America. It's a lucrative opportunity. You'll see how and why today on get rich education.    Keith Weinhold  0:32   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows, an A plus rating with the Better Business Bureau, and now over 5000 houses renovated their zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis. Get to know mid south enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid southhomebuyers.com   Speaker 1  1:58   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:14   Welcome to GRE from North Conway, New Hampshire to North port, Florida and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, happy July, the second half of the year. And my favorite month of the year is your Airbnb fancy enough, because anymore STRS short term rentals have gotten so competitive that hosts treat their properties like white lotus level hotels. Now, STRS were never passive, but they become even less so it is active income. Once upon a time, Airbnb hosts could just sort of drop a few colorful throw pillows on their fold out couch and make a killing. But no more those days are so far gone. The STR game has changed drastically. I mean, you used to be able to list a basic home with generic furniture that you got at Costco, minimal amenities, no Wi Fi, and still get it booked, but today, it will sit empty unless you offer more than just a place to sleep. You have to build an experience for Airbnb guests. Now, increasingly, hosts are doing things like adding outdoor kitchens, arcade machines, putting greens, even basketball. And now, though these upgrades do cost a lot up front, they can pay off. These amenity types can double your nightly rate, but they come with more responsibility and more to maintain. I mean, more guests are expecting a flawless experience. The trend is that Airbnbs are becoming full scale hospitality operations, and if you don't treat it like one, you're going to fall behind. So simply having a nice house that just no longer cuts it, running a short term rental today is nothing like it was even two or three years ago. You used to be able to stand out with a decent bed and colorful throw prolos, but now guests are basically comparing your place to boutique hotels. Hosts are deeply investing in design, forward furniture, layered lighting and featuring spaces that some market as what they call moments like cozy reading corners in these luxurious bathroom setups, adding things like welcome guides and even complete brand identities with a proper. Name and even a logo and a story to give the place some personality, even writing up a history for your property, even if it's not that historic. Now, these sorts of tactics, they actually do, seem to work. Guests will give you more bookings, better reviews, and guests even share the space on social media like it's somewhat of a lifestyle destination now sometimes STR hosts, they team with these other platforms to add welcome champagne in ice buckets on site, sommeliers, private chefs, daily, housekeeping on demand. 24/7 textable concierges, heated plunge pools and other amenities through you partnering with some of these platforms and these upgrades don't come cheap. The publication called the playbook, they featured an STR in Sag Harbor, New York, where the property owner invested $85,000 into overhauling the landscaping and adding a James Turrell Inspired LED light installation. But overall, these improvements boost rental revenue by an average of 40% over what the property was collecting previously. All right, so this is a case study now, though, this STR trend of offering deep hospitality and luxury amenities has turned into more of a job and less about passive income. You know, really, this is free market capitalism, because this is competition to see who can provide the best service at the lowest price, but that's what it is. So this is making real estate less of a good and more of a service. Short term rentals soaring supply, day rate compression and AI driven pricing tools. That means that the just this all nice house with good photos thing that no longer cuts it. It is an amenities arms race now, and of course, this is a national trend. It doesn't mean that it's happening absolutely everywhere. In some places, hosts are able to charm guests simply with something like a freshly baked loaf of banana bread, but the consensus is whether they spend a little or a lot, Airbnb hosts unanimously say that they've got to work harder in order to keep guests happy. It's become more of a business and less of a side hustle than it used to be. You've got more hosts leaning into higher upfront investments because they know guests will pay for a sort of turnkey, Instagrammable experience. And this really is a classic early adopter issue, just like a lot of things, Airbnb launched in 2007 by the way, so this sort of first wave of Airbnb hosts back around 2012 to 2015 they were riding a blue ocean back then. There was virtually no competition. There weren't any standards, and there were plenty of bookings, and that made a lot of hosts pretty fat and happy. But that's not where we are now, really. The bottom line is that in many markets, short term rentals have transitioned from partial passivity to all out hospitality. That's the Airbnb arms race. The average Airbnb nightly rate for North America. Do you care to venture a guess at the average nightly rate? It is approximately $216 per night, and that right there is up 26% from 2020 so it is not up as much as house prices over that five year period from 2020 really, the Airbnb rate is up about as much as the long term rental rate.    Keith Weinhold  8:58   While we're talking numbers a quarter recently ended. Let's hit on our asset class rundown. What's happened to home prices in the past year? Well, when you aggregate all these sources, Zillow, Freddie, Mac case, Shiller, FHFA, in totality, home prices are up 2% single family rents are up 3% apartment rates are down 1% due to their oversupply. The 30 year mortgage rate was 6.9% a year ago, and it's 6.8 now. CPI inflation is 2.4% expressed in year to date terms. Now the SP5 100 is up 5% in the first half of this year, ending near 6200 the dollar is down. That means that it takes more of them to buy gold, which is over $3,300 an ounce, gold is up 27% just from the start of this year, and the oil price is still depressed in the 60s. Per dollar for a barrel, Bitcoin still strong, ending the quarter at 106kthat's your asset class rundown, which we do about quarterly.    Keith Weinhold  9:57   Hey, I really enjoyed meetingside. Of you on this year's terrific real estate guys Investor Summit at sea was concluded about a week ago. It was two days on land in Miami, followed by a week of conferences and fun aboard a Caribbean cruise ship. I really got to meet you and get to know you, because we had nine days together, and as one of the faculty members, I hosted a table at dinner every night, and each night the attendees rotated around to my table, so I got to meet a lot of you and really get to know you, and you got to know me. Yeah, it was as interesting for me to meet you in person, perhaps, as it was for you to meet me, because I like to hear what you're doing in real estate, investing, in everything else. I gave a main stage presentation that was almost an hour of all me, all GRE and also served on five different panel discussions. Oh, it's such a unique event. Get this, I was kind of dressed up to give my main stage presentation, which so many of you, by the way, told me afterwards, that that was your favorite presentation of them all, all week long, because each faculty member made a main stage presentation. But what I want to tell you is, just a few hours after I presented, on the cruise ship, I was shirtless in the water throwing a football around at the beach in St Thomas Virgin Islands. What an event. Fantastic to meet a number of you in person. So far today, I hope what I've shared with you has been informative. Next. It's something informative and really actionable that you can make lucrative that's next. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  11:45   The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com.    Russell Gray  12:16   You know what's crazy your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866.   Russell Gray  13:30   Hi. This is Russell Gray, co host of real estate guys radio show, and you're listening to get rich education with Keith Weinhold, don't quit your Daydream. You Keith,   Keith Weinhold  13:38   welcome back to get rich Education. I'm your host. Keith Weinhold, we're talking to a guest not only about an investor advantaged market, but when you overlay a certain strategy with it, this can be highly lucrative for investor returns, and we're with a long time investing pro Alex, welcome onto the show.    Alex Craig  14:04   Hi Keith, thank you.    Keith Weinhold  14:05   Well talking about top US cashflowing market, let's get right to it. Tell us about yours.   Alex Craig  14:11   Little Rock, Arkansas. It's a market that we've been in since 2012. I personally invest there. I've got about 75 doors of multi family, single family. And the reason why it works is just cash flow. Over the years, we've had investors from around the country that have owned portfolios where maybe they're somewhere in Phoenix or Dallas, where they're kind of speculating. This is not a speculation market, and that's why it works for myself. It's consistent. It's very linear, and linear is a word that we use a lot to describe. And if you're going to be a cash flow investor, and that's why I'm in it, it's you want a linear market. You don't want ups or downs, and then you want to make sure it's a growing market too. And Little Rock checks all the boxes of what you would want in a stable cash flow environment market.   Keith Weinhold  14:57   And I think a lot of our investor listeners are. Already pretty keen on that. You get a high ratio of rent income to purchase price. You have laws that heavily favor landlords over tenants. But Alex, in today's environment, people are more conscious about rising operating expenses and higher mortgage expenses, and that's really one advantage that Arkansas can give right now, is with those low property taxes   Alex Craig  15:20   Keith,it's so interesting you mentioned that because I did have a conversation with a client of ours that had a property in another market that he had mentioned how his property taxes had gone up and gone up substantially, which that's to expect. I mean, after COVID, there was a lot of markets saw a huge boost, especially with markets that saw hedge funds come in. Hedge Funds, I believe, ruined a lot of markets, raised the prices. And another reason I like Little Rock, it flies under the radar. You think is Little Rock is a small market, but it's really not. It's, I mean, the population of the city is 250,000 but the metro area, which is a 50 mile radius around Little Rock, is much bigger. And the entire, not only the entire market, metro area, feeds off little rock, really, the entire state does too. But that being said, because it's floating under the radar, the property tax have remained low. They've taken a little bit of bump over the years, because the values steadily go up, but they started low anyway. So with operating costs of insurance, insurance has gone up for a lot of for my own properties in other markets, it's going up, and it's going up in Little Rock too. I mean, it's just the name of insurance, but property taxes have remained low. They've always been low, and that's really a big help as to why this market works for us.   Keith Weinhold  16:30   Talking about flying under the radar, you're talking about, therefore evading a lot of that hedge fund money. Tell us more about the market and some of those anchors and drivers.   Alex Craig  16:40   It's a blue collar town. You've got logistics. Is a market, or is a segment of the industry that has really come on strong over the last few years, Amazon has really put a footprint in the market. Healthcare is a huge, huge market, like I mentioned earlier, not only does the region feed off the direct to the entire state, it's the hub of healthcare for the entire state of Arkansas, of course, it's government. Government provides a lot of jobs. The good thing about government jobs is they're maybe not on a national level anymore, but on a local, state level, they're very it's hard to get let go from a government job, unless now, not on a federal level, but it's very steady, so a lot of steady blue collar jobs, and that's what you want for a strong resident base, especially in the type of properties and 1000 to $1,200 price range, you want those blue collar study growing jobs.   Keith Weinhold  17:31   Yes, you do have those there. It's funny. I'm smiling a bit because I used to be a state government employee, and there's just no way that they ever would have fired me. I was so protective I had to quit in order for them to have to replace me at that job. I'm wondering about the new supply that's come on, Alex, because a number of markets have added supply. I know, for example, that Redfin reports that little rock median home price appreciation is up 7.3% year over year, and with the dynamics going on in the market recently, that typically tells us that there hasn't been that much new supply added. Is that what's going on there?   Alex Craig  18:11   No, there hasn't been a lot of new supply. I just think with little rock and every other market, the mortgage rates have gone up. Home ownership is down during COVID. It was really hard to get an investment property. For what we did, sending out our list every week. It was basically send out our properties, people hitting send and not even knowing what they were reserving. Rates were just low, right? Everybody's jumping in. It was hard to get inventory. So now what we have is, you know, higher rates that scares some people off. It pushes some people out on the market, but it also creates opportunity. I feel like this is the easiest time I've been investing in real estate since 2007 that was the foreclosure crisis, Great Recession, and it was a lot of foreclosures on the market, and that's how I built a big chunk of my portfolio. But now it's just a matter of there's not as many people in it. So for us, there's just more acquisitions for us to go out and get. There's still distressed homes on the market where individuals don't want to hire a realtor, they just want all cash offers. They're ready to get rid of them, and that's where we step in. And without as much competition like I said, we kind of fly under the radar. I feel it creates more just supply inventory for us and for me as an investor, but also for our clients too   Keith Weinhold  19:23   with that in mind, and again, a lot of our audience is already on board, knowing that little rock in Arkansas is a good cash flow market with stable, long term fundamentals, but in order to make it more profitable, you've overlaid it with a certain strategy there in Little Rock. Tell us about that.    Alex Craig  19:45   So the BRRRR strategy, yes, it's able to work now because there's not as many buyers in the market. So basically, the way the burrs strategy works is we acquire a property. I'm just going to use very round, simple numbers for simple math makes it easier on me   Keith Weinhold  19:58   and we're talking the BRRRR. Strategy that's buy, renovate, rent, refinance, and repeat. Those are the five investor steps.   Alex Craig  20:07   correct. And so that's what we do, is we buy. Let's just say the B. Let's take the B, for example, we buy a home, and we buy it for 60,000 where I'm just talking like if I own the home, and then I put $20,000 into the deal. So now I'm all into it for 80,000 and you have to remember, there's some in between, cost of closing costs. I'm just talking just very general strategy. You buy it for 60, you put 20 into it, and all of a sudden you're in it for 80, and the value comes back at 100 so you're in it for 80% of the after repair value. Most Fannie Mae lenders will do 75% so if you purchase a house outright, you put 20% down, but if you are doing a refinance, you're able they'll do it at 75% so instead of buying a home and putting it down payment upfront, you're using equity in the deal. And that's what the burst strategy is, buy renovate. So we buy it, we renovate it, we refinance it, we rent it out, and then you repeat it. So it allows for investors to scale their portfolios quicker and stretch their money a little bit further. So if you've got, I've got $50,000 and I want to invest in real estate, if you purchase a home, you're bound by the down payment. Once you put that down payment, it's, I wouldn't call it sunk cost, but that money's gone for reinvesting. The burr model allows you to stretch that money a little bit further. Now, like I said, I gave pretty basic numbers to the deal, but that's what you're going for. Some equity in the deal, and that's what we're able to provide for ourselves and for our clients.   Keith Weinhold  21:38   So let's review that numbers on a little rock burp, making a $60,000 purchase with a pre renovated property. Then the investor puts another 20k into it for the renovation. So now they're all in for 80k and they get a 100k appraisal on that property, and then they can borrow, say, 75% of that there, that is the refi portion, the fourth letter of the BRRRR acronym. So therefore they've got 80k into it, and they got 75k back, meaning they would only have 5k into it, but maybe another 5k for closing costs, and now they only have 10k in to a 100k property. That's the appeal. That's what we're talking about here with the BRRRR   Alex Craig  22:22   strategy. I mean, you're exactly right. And as I mentioned, I use some really basic numbers, because when you're using, you know, 100,060 and 20 makes them very basic. It's pretty hard to find out a deal worth 100,000 these days, even when we started in the industry, 100,000 was a pretty cheap after pair value. Probably the mean value of the homes that we're dealing in is probably about 140 to 140 to 160 but same principle, based on those same logic that what we just talked about, I wouldn't say, you know, five or 10k out of pocket, but if you're talking about purchasing a deal with 25% down versus doing a bur you're probably going to be in it at 15% Out of pocket costs 10 to 15% as opposed to putting a down payment of 25% but the big thing is, you're getting money back, and you're not putting as much so just it's great for scale. I don't know if you'll talk about DSCR lending very much on your show, but that's something that a lot of our clients, and that does 80% so we have a lot of clients going that route now too.   Keith Weinhold  23:21   Okay, so you could do 80% with debt service coverage ratio loans, but to drop back in our example, to help be clear, the investor has 80k of their own skin in the game into the property, 60k for the purchase, 20k for the renovation, even though they only have 80k in it appraises for 100k that ARV, that after repair value. Why is the after repair value 100k when you only have 80k into it? Why is it more?   Alex Craig  23:49   that's based off comparable sales? So when you're in it at 80, and you're going to refinance it through a lender, they're going to send an appraiser out, and appraiser is going to pull comparable sales within that neighborhood. So just because you're in an 80 the appraiser is going to go pull three comps, very similar to that home. So if we're selling a three bedroom one bath, they're going to pull three comps at a three bedroom one bath, relatively the same size look, if it's got a carport, they're going to try to find three houses with the carport. So in theory, that's what they're doing. They're pulling comparable sales and developing new value based on recent sales.   Keith Weinhold  24:23   So it's that you have this knowledge to buy in neighborhoods and buy in certain sub markets, where, when you know that capital is added and renovations are made and a rehab period that they do tend to appraise for that value based on the comparables that are already there.   Alex Craig  24:40   Yeah. I mean, if we were to take the same house at 60,000 and didn't do any work, he would then say, well, you've got some comparables here versus 100 but you could never sell this home for 100 these are the things you have to do, and that's what we do during the first R the renovate of the acronym is to renovate the home to the condition that the. Appraisers feel that are comparable for the neighborhood, and that's a real important part, is comparable to the neighborhood. We could go in and put in a Jacuzzi tub and grain of countertops. We actually, we do put a lot of grain in, because we get it so cheap. But you could go in and fix it up to the nines, but it's not going to appraise for any more than the others, because the appraiser would say, we over improved it. So we improve it to what we know, what the kind of the standard for the neighborhood? Because you could over improve these things for sure and not get that return on that investment.   Keith Weinhold  25:28   That is a great answer. There is a specific improvement target that you know that needs to be hit. Tell us more about this burr process, because to an out of area investor, it can sound pretty intimidating if they had to manage contractors remotely themselves,   Alex Craig  25:43   there definitely is a need to have a team on the ground that you trust, that you feel comfortable with, and that's what we've done. I've been doing it in multiple markets for myself since 2007 and we built into a business model in 2010 like I said, expanded Little Rock in 2012 and we've been doing this for 15 years now for other investors. So we've got that name and that reputation of taking care of our investors, that's the important part. And we do see a lot of investors get burned, because you can find a realtor to go to help you find deals, but usually the realtor relationship is thesis to end. It's okay, I found you a deal, but then there's so many other things afterwards, and the renovations, where I see so many people get burned, and you know, we manage approximately 1200 homes between two markets, and that's where I see when property owners come to us, they've been burned the most. It's like they've paid somebody $50,000 they didn't finish the job, they didn't do what they say they're going to do. So the renovation that we're the team on the ground, we've got a in House Project Manager, we've got a network of subcontractors. We tend to act as the contractor, subbing things out. We've got in house property management. We've got all the tools, but it's really between both. In the markets in which I operate. I've got about 30 employees within property management, renovations, acquisitions, so the team on the ground is and then the back in the property management part is the long, ongoing accountability. So if something doesn't work out, that's the way we said it. If we say it's going to rent for 1200 and we rent it out for 900 Well, we really got a big egg on our face. You do a few of those, and that's how you don't stay in business anymore. And there's, and I like to say, about every five years the market corrects itself into getting the wrong players out of the business. COVID was super easy, easy to find deals, easy to sell deals. But once the market changed and it became a little more competitive and rates rose, that's the people that have been around for the long time, been in it for the long haul, that stick around. They've got the established business model and their reputation. So every five years, a good correction in the market eliminates those bad players.   Keith Weinhold  27:47   So you have this vetted, proven in play system that investors can get into besides just identifying the property, it comes with that system, those contractors or that investor just has one point of contact with you there for updates on the renovation.   Alex Craig  28:03   Yeah. I mean, I feel like we know these neighborhoods. I like I feel we know these neighborhoods like the back of our hand. We've been investing in them for a decade plus, and we know the areas you want to be in, the areas you don't want to be in. And we have a lot of investors will call us either they already own the property or they're a current client, and they'll say, Hey, I could get this deal for 30,000 and it's worth 100 and I'm like, Well, that sounds too good to be true, especially if it's on the open market. If it was that good of a deal, it's already gone. We just know the market, where to be. We know what to pay. We could, pretty much just through our experience, identify a house we know probably within about five to 10% before we even dive into comparable sales of what it's worth. We could walk through a house within probably about three to five minutes and peg the renovation costs probably within about 10% now we still order an inspection, and that's where we uncover the things that we can't see, that maybe there's a bunch of rotted out joist or a foundation problem that we didn't see. So, but there's things aside we could walk through and we pretty much know, okay, it needs a roof that's 7000 it needs an air conditioner that's six flooring, two. So that's the expertise that we bring and like. So then the management part of it, on the back end, that kind of ties it all together with accountability.   Keith Weinhold  29:22   And I know that your typical project renovation cost tends to be about 25k just for simplicity, we use 20k in that example, and your completion times are shorter than others that have inexperienced crews. So tell us about that typical renovation time. Alex.   Alex Craig  29:39   every day we're accomplishing 500 so 25,000 divided by 500 comes to 50 days, 50 days. So we'll knock that out in about 50 days. And we just have a large network of subcontractors that we've been working with for years. If you weren't in the business, I think that'd be really hard to accomplish, and there's just a lot that. Goes into it. I mean, the renovating the homes, it's the once, it's the worst, it's the hardest thing that we do. For sure, it's definitely the most scheduling, but it's where, if you don't know what you're doing, a great deal turns into, how do I get out of this?   Keith Weinhold  30:15   Right, absolutely. Now, in our example, we used where an investor puts 60k into it for the purchase to start with, because I see the burst strategy is a good strategy. If someone doesn't have a lot of capital, like they would for maybe a new build property, can one even finance that initial purchase amount?   Alex Craig  30:35   Yeah, so private lending. So that's the part that makes if you've only got 50 grand to facilitate this entire process, and you want to try to repeat it as many times as you can. 50,000 would not be enough just to pay cash. So yes, we have private lending. We set that up. Sometimes we lend it ourselves. Sometimes we outsource it to some of our strategic partners, but we'll lend the money to buy and renovate the home. A typical what that loan would look like it's about 3.3 points of loan origination. So if you've got an $80,000 loan, that's $2,400 most lenders do require for you to bring that up front, and now you're in it for an $80,000 loan at 12% which, five years ago, that sounded crazy to borrow at 12% but with for private lending, that's not bad at all, especially you want to get in and out of it quickly. So if we're renovating the home, and you know, 50 days, if you're already pre approved with your lender, and they have all your documents by the time we finish renovating the home, the appraisals lined up, and you could be in and out of these private loans in about 90 days. That love that depends on the lending side, that you're giving the lender what they need. But ideally you want to be in these things about 90 to 120 days. So $80,000 loan at 12% that $800 a month. So if you're in it for 90 days, 800 times 320, 700 plus the loan origination fee. But that's how you do it. That's the you're just borrowing money to finance the acquisition, the rehab and the refinance   Keith Weinhold  32:03   that is an option for you if you don't have the cash here to come in with these burr strategy properties. Alex, tell us more about it. Really, what I would like to know is, when an investor gets their appraisal, their after repair value, how many want to sell it for a profit, and how many want to hold it with a tenant for long term income   Alex Craig  32:26   so far, zero. Want to sell it for a profit. If you're all in it for add and then you're selling for 100 once you sell it, there are other fees involved. You got to hire a realtor. Right now is a great time to hold it's a slow real estate market. I don't think Little Rock from an aspect, is where home ownership is down. I think that's a nationwide thing. So I think if you're going into this, you certainly want to look at it from perspective. This is a buy and hold. I don't think this is the best market to get into to buy something. Flip it with a in the example, we use a $20,000 margin with buyer concessions, realtor commissions. That's a lot of work involved. And let's just say it did work out. You sold it for 100 but you had to pay 2% closing in an agent fee, and you got some holding cost. Let's just say you netted 8000 that might be good for a six month return, but I feel like there's a lot of risk. I feel like our job as what we do for our clients, is to minimize risk. So someone came and said, Hey, I want to flip it. I would say, Well, I don't think it's the best market for it right now. I think you want to get into this buy and hold.   Keith Weinhold  33:29   Yes, Alex has been doing this for a long time, and he's a specific expert right there in that local market. Buy and hold is a strategy that most likely makes sense. And he also strongly recommends pay cash if possible, instead of using that 12% short term private lending option, like he mentioned before, because that can cut out about four to 5k worth of transactional cost. And then if you do buy and hold what Alex and his company offer there in Little Rock is essentially a cash flow boost, 0% management fee in year one and only 4% in year two. So that gives you some extra cash flow runway as well. And Alex, before I ask you if you have any last thoughts, I want to announce to you the audience, that we have a live event virtually next week, on July 17, at 8pm eastern for Little Rock BRRRRproperties that Alex is CO hosting with our investment coach, Naresh, where you can find these bird deals in this cash flowing market. In Little Rock you'll see actual bird deals recently completed with full breakdowns of their purchase prices, sort of these case studies, where you can see some real numbers and what the rehab budgets are and what the actual timelines were, and what the refi outcomes were like, and explore BRRRR ready properties that are currently available to own, if you so choose, on this upcoming live event that you can attend from the comfort of your own home. Learn the full process, from acquisition to renovation to property management to the financing of them, and again, everything is all handled by local experts, so that you don't have to live with the nightmare of remotely managing contractors, which I couldn't imagine doing. So whether you're a first time investor or you're scaling your portfolio, this is your chance to get boots on the ground, insight and a proven road map to burr success and really one of the most accessible markets in the country. Again, Alex here is CO hosting the event along with GRE investment coach, Naresh Vissa. It is a free, live virtual event again next week, Thursday, July 17, at 8pm Eastern. Sign up is open now at gre webinars.com it ought to be great. Alex, teaming with local experts like you has been of real benefit to our audience. Do you have any last thoughts about either Little Rock or burrs or the events that you're going to co host with our audience next week?   Alex Craig  35:57   So here's my last thought, as you were, you know, kind of concluding and I was reviewing what we had talked about. And one of the questions we get sometimes it's a fair question. It's like, well, if this is such a great deal, why don't you keep all the deals? So we hear that from time to time, and the simple answer is, we do. We do keep a lot of deals, and we're buying more real estate now, like I said, I feel like it's the easiest time to get into real estate. So we do, we do keep a lot. We're building a very large portfolio right now, but the house flipping to investors is just another business model that we have. And Property Management too. And we love property management, and we love building investor relationships. We've had a lot of investors we've had been with us since day one that we've developed really tight relationships with. So yes, we do keep a lot of the properties, and we sell properties too, and we and helps us build our management company, which you don't hear too many people say this, but we actually love property management. That's a hard thing to love, but we actually like it.   Keith Weinhold  36:54   That is more weird than Tom wheelwright loving taxes, perhaps, but Right. But I want to deal with somebody that really loves what they're doing, especially when they're protecting our asset and probably more importantly, when it comes to property management, protecting our time. So that's right, Alex, well, our viewers and listeners are really looking forward to it next week, again, that live event Thursday, July 17, at 8pm Eastern is something that you can sign up for now at grewebinars.com. Alex, we're looking forward to it next week.   Alex Craig  37:27   Bye, Keith, thank you.   Keith Weinhold  37:34   Oh yeah. Terrific overview on why the burr strategy can be so profitable. And our event next week. Now, when you rent your primary residence, which you would typically do in a high cost area, and then you own rental property elsewhere, typically a low cost area, do you know what that's called? Yeah, there is a name for that. Last week we spoke to two listener guests in California that are doing just that. That is called rentvesting. And yes, Little Rock is surely a popular low cost market for rentvesting. I have been on the ground myself in Little Rock with Alex's associate to do an on the ground tour of properties. There you want to tap into a system where you've got the guiding hand of both experience and belief. That's what you're doing here. As like he said, Alex personally owns 75 doors there. That is belief, and he's been doing this for out of area investors for 15 years. That's the experience part real proof of concept at next week's event, you'll be introduced to this same system where you can lean on their team for acquisition, renovation and management. Little Rock has an MSA population of about 770,000 but I think more importantly today, savvy investors are conscientious of keeping their expenses down, and for good reason, since they've been up all over the place. Now, the purchase price is 140 to 160k for these BRRRR optimized single family rentals. Remember that we used 100k just for ease of an example there, usually when you buy income property, you're really in at close to 25% of the purchase price when you add up the down payment and closing costs, but this way, you're in for just about half of that at 10 to 15% another low expense is that property tax, statewide, Arkansas Property Tax is just 610 of 1% so that's half the national average. And then your management expense is definitely going to be low for the first two years, because it is 0% in year one and 4% in year two. And these are properties that you can actually be pretty proud of. You'll learn more about this. Scope of work with a renovation on the webinar, often granite countertops in the kitchen is a live, remote event. So this means that you can have any of your questions answered in real time. Should you have them? As you can imagine, demand is high for these properties, and this is a chance to get connected directly with the team that makes it happen. We might never get Alex on an event like this again, and is co hosted with our GRE investment coach, Naresh. It's next week. It's free, Thursday, July 17, at 8pm Eastern, 5pm Pacific. Sign up now, or your future self might not be able to forgive yourself. You can do that now at grewebinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  40:56   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  41:19   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, gre to 66866   Keith Weinhold  42:35   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

Ron joins this week's episode to discuss appraisers, REALTORS®, and consumers and how all three can collaborate to ensure a successful home transaction.Full Description / Show NotesRon's career history and backgroundFounding Empire Real Estate Solutions and the work he does thereThe Ohio Coalition of Apprasial ProfessionalsThe importance of having a seat at the tableChanges coming to the UADHow REALTORS and Consumers can best work with their appraisersWhat homesellers can do to prepare their home for an appraiser

Send us a textIn this episode of Beyond the Numbers, Kevin Hecht sits down with Andy Arledge—appraiser, software developer, and founder of Freedom Appraise—to explore how technology can empower, not replace, today's working appraisers. Andy shares how his decades-long journey through real estate, property management, and appraisal led to the creation of Appraiser Genie and the all-in-one cloud-based platform, Freedom of Appraise. Learn how the software enables appraisers to complete nearly finished reports in the field in under ten minutes—while maintaining full control over comps, adjustments, and narrative. Discover how tools like built-in AI photo analysis, nationwide MLS access, and mobile reporting are streamlining workflows, improving support for adjustments, and keeping appraisers competitive in a fast-changing industry. Whether you're tech-savvy or tech-wary, this conversation offers real solutions to help you work smarter, stay independent, and meet the growing demand for faster turn times. 

Hour 2 - Sedgwick County is now conducting a nationwide search for a new Appraiser.

Steve and Ted in the Morning: 6/26/25 Complete Show - Plenty of headline news on a Thursday. Including more on the Israeli "ceasefire," Sedgwick County's newest official, and Wichita's Mayor.

On this episode of Appraisal Buzzcast, Hal Humphreys is joined by Ronyelle Banks, the expert leading the charge on the new Uniform Appraisal Dataset (UAD). With limited production kicking off this September, lenders and appraisers alike need to be ready. Ronyelle is here to walk us through what's changing, why it matters, and what cool features are coming with it. From industry roadblocks to AI's growing role in valuation, this is a must-listen sneak peek at what's ahead for our world.At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Sometimes the best conversations happen by accident. Bryan was meeting with a group of appraisers at a local coffee shop, discussing the future of the profession and the rise of AI. Sitting nearby was Brian Govatos, there with his son, quietly working on a laptop—until he chimed in: “Sorry to eavesdrop  but remember 'GECS.'”That simple interruption turned into a fascinating conversation about what AI is and is NOT, how to understand it, and how to use it in the best possible way.Tune in to hear what happens when a Bryan and a Brian cross paths over coffee and curiosity.

  The reconsideration of value is a formal process.  In the Fannie Mae Selling Guide are the guidelines that allows a lender or borrower to request a review of an appraisal when relevant new information may affect the value opinion. This isn't about disagreeing with the appraiser's judgment.  It's about presenting factual, material data—such as overlooked property features or newly closed comparable sales—that may not have been available during the original analysis. The appraiser then reviews this information and determines whether it justifies any change to the original value. A reconsideration of value must be supported by specific, verifiable market data.  It cannot be based on mere dissatisfaction with the appraised value. The appraiser's role is to assess the credibility and relevance of the submitted information. If the new data is meaningful and meets professional standards, the appraiser may issue a revised report. However, if the appraiser finds the information immaterial or redundant, the original value opinion stands.  This reinforces the objectivity and independence of the appraisal process. The reconsideration of value request typically must be submitted within 30 days of the appraisal's delivery.  Only the borrower can initiate it. Appraisers are prohibited from making changes based solely on client preferences or pressure. The process safeguards the reliability of valuation in mortgage lending.  It also offers a mechanism to correct genuine oversights. When properly handled, it ensures fair and accurate appraisals without compromising professional ethics or regulatory compliance. And don't forget to keep your E&O Insurance up to date and a great administrative law attorney on  your side!

On the latest episode of Conversations with Ku, Gwinnett County Chief Appraiser Stewart Oliver breaks down the property assessment process, what it means for residents, and how the appeals process works.Commissioner Ku would love to hear from you or answer questions about District 2. Feel free to email him at Ben.Ku@GwinnettCounty.com and your question may be read on air.

In this episode, Blaine talks about how to build an AI (Artificial Intelligence) proof appraisal, real estate, or lending business. Any business that can benefit from being more human than the machines will get some value and ideas to put into play to build an AI proof business. 

Last fall, we put out a call for nominations for our first inaugural Buzzy Awards. We wanted to recognize outstanding appraisers, firms, and others in the industry from around the country. In this special episode, we're celebrating the winner of this year's Buzzy Award for Mentor of the Year! He joins Hal and Jim to reflect on his journey in the appraisal industry, share the qualities that define great leadership, and highlight success stories he's seen along the way. Plus, we dive into UAD 3.6 and the end of traditional appraisal forms. What does this seismic shift mean for appraisal software?At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Join Bryan and our always-cheerful development director Jim Morrison (we call him J-Mo!) for a quick overview of Valuation Expo this August. Here are the Cliff's Notes: It's the biggest appraisal conference there is. You'll meet fellow appraisers and reps from the GSEs, AMCs, software companies, lenders, E&O insurance, education providers, and more. You'll get lots of CE and hear from speakers on big data, mobile tech, and UAD 3.6, which starts rolling out in September. And you'll have some fun along the way, at cocktail events, a cornhole tournament, the VE Open mini-golf competition, and numerous giveaways. Listen in to find out who's who and what's what at Valuation Expo this year. Valuation Expo, August 11-13, 2025Caesars Palace in Las Vegas, NV

In this episode, Hal welcomes Joni Pilgrim, Co-founder of Nationwide Appraisal Network. Joni shares her unique journey into the appraisal industry and offers insights for newcomers looking to break in. We also chat about the importance of supporting future appraisers, Joni's advocacy for women in the industry, and what NAN is doing to foster growth during a challenging market.At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Join Bryan Reynolds for a look back at ValExpo 2024 and conversations with three happy attendees, including a trainee and ADI scholarship winner who met potential supervisors and a TN appraiser who got on the VA panel after meeting with a VA rep at ValExpo two years ago. "The day they put me on their panel, my life changed," he said."Coming to this convention gets me around other appraisers. where I can hear their ideas. And all of a sudden, I don't feel like I'm a lone soldier out there making up my own rules. This place gives me education and competence." —Carl GrissomBig thanks to these folks for speaking with Bryan:Jeff Morley, certified general appraiser in UtahBeverly Ochieng, licensed appraisal assistant in Columbus, OHCarl Grissom, appraiser in Crossville, TN

Lisa and Amy answer this question from an appraiser: If an appraiser completed an appraisal for one client, and then a new client asks for a 1004D update on that same property, how should the appraiser handle this while complying with USPAP's confidentiality rule? Listen in to find out more!

In this episode, Blaine introduces the V.A.L.U.E. Framework™, which is a business building framework for dominating in the non-lender appraisal world. In the VALUE Framework™, each letter stands for a principle, as well as a command to do or be something in your market. Download the VALUE Framework™ cheatsheet at https://www.coachblaine.com/value 

In this episode, Hal welcomes a long-time friend and first-time guest, Andy Arledge—founder of Freedom Appraise. Andy's a familiar face in the conference world, and with speaking gigs lined up at ATA and the Appraisal Summit, we knew it was time to get him on the mic. We dive into his journey into the appraisal world, the challenges of adapting to UAD 3.6, and how tech is reshaping the future for appraisers. Will innovation bring opportunity—or early retirement—for some in the field? Tune in for a look ahead.At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

In this episode, Bryan is joined by Jarrett Hardesty and Chris Stewart, MAI for a timely conversation on the importance of appraiser engagement and leadership.Chris shares insight on the monthly appraiser meetups he facilitates in Bowling Green, KY—creating space for local appraisers to discuss real issues and build community. Together, the three discuss their work with the newly formed Kentucky Association of Appraisers (KAA), how it's growing, and what they hope to accomplish for the profession.Whether you're looking to connect, collaborate, or make an impact, this episode is for you.

Lisa and Amy dive into a question about property inspection and report signatures.

In this episode of The Brand Called You, Karen Howard shares her remarkable journey from gem enthusiast to expert appraiser and now business coach. With over 25 years of experience, she unpacks the challenges of gemology, the ethics of appraisal, and how she's helping the next generation of independent jewelry appraisers thrive.00:38- About Karen HowardKaren is a business coach for jewelry appraisers.She's been passionate about educating others in the gem world for over 25 years.

Last fall, we put out a call for nominations for our first inaugural Buzzy Awards. We wanted to recognize outstanding appraisers and firms and others in the industry from around the country. In this episode, we're rolling out the red carpet for our Buzzy Awards winner for Rising Star of the Year. Hal sits down with him to talk about what sparked his journey into the industry, the early lessons that shaped him, and a peek into his vision for his future and the future of the industry.At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

In this episode, Blaine goes over the rise of AI (artificial intelligence) in almost every area of life and business. AI is definitely a real thing in the world of appraisal and appraising and appraisers should start now to learn everything they can about it if they want to thrive in the new world of AI driven business. 

Jim Morrison and Hal Humphreys are back with fan-favorite Joel Baker from Totality (formerly CoreLogic) to dive into the upcoming UAD 3.6 changes and what they mean for appraisers. Listen in to hear what's changing, how it'll impact your workflow, and why now is the time to get ahead of the curve.If you missed Joel's standout demo at ACTS this past April, don't worry—we've got you covered. Join us in LA July 25–26 for a special, live course in partnership with a la mode and Appraiser eLearning. 

Eric J. Barth used to crank out 300+ appraisals a year, then realized the real money (and the real fun) was in doing the deals himself. In this episode, he shares what most agents overlook, how to really use data to price homes, and why your comps might not be cutting it. This is a masterclass in blending numbers with neighborhood know-how you won't want to miss!   Key takeaways to listen for Why the “yes/no” drive-by system before 2008 was bound to collapse Certified vs. Licensed Appraisers: What actually matters when valuing property Reasons understanding micro-markets and municipal quirks can make or break a deal The secret weapon agents should be using from showing data to seller coaching How collaboration between appraisers and REALTORS® improves outcomes during a sale   Resources mentioned in this episode ShowingTime   About Eric J. BarthEric is a seasoned real estate professional with over two decades of experience in Northern Kentucky, including 13 years as a licensed appraiser and REALTOR® since 2001. He's sold millions in real estate and appraised more than 4,000 homes across Greater Cincinnati, giving him a rare dual perspective on property value and market strategy. As a founding member and President of River Cities BNI, Eric leverages a strong network of trusted referral partners to better serve his clients. He's also a dedicated father of three and an avid runner, cyclist, and hiker who has completed marathons in major U.S. cities and tackled portions of the Appalachian Trail.   Connect with Eric Website: Eric Barth LinkedIn: Eric Barth - Realtor - Coldwell Banker Instagram: @ericjbarth86 X: @EricJBarth Facebook: Eric J Barth Phone Number: (859) 912-2104   Connect with LeighPlease subscribe to this podcast on your favorite podcast app at https://pod.link/1153262163, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Sponsors"You Ask. Leigh Answers." Your Affordable Coaching ProgramHey there, real estate pros! Are you ready for some more Leigh Brown wisdom in your life? Then don't miss out on my brand-new program, "You Ask. Leigh Answers." It's your exclusive gateway to the insights and advice you need to supercharge your real estate business. With "You Ask. Leigh Answers." you get Direct Access to Leigh Brown, directly! Expert Coaching, Community Connection, and Extensive Resources. Whether listening to this on the go or watching at home, sign up today at Answers.RealEstate and take your business to the next level. Trust me, you'll be glad you did!  

Send us a textIn this episode of Beyond the Numbers, Kevin Hecht sits down with Josh Walitt—Certified Appraiser, past president of the National Association of Appraisers, and founder of Walitt Solutions—for a wide-ranging conversation about the future of the appraisal profession. From embracing technology and AI to fostering better communication across the real estate ecosystem, Josh offers valuable insights into the biggest challenges appraisers face today—and how to turn them into opportunities. Discover why strong reporting skills, a spirit of collaboration, and a commitment to lifelong learning are more critical than ever. Plus, Josh shares an exciting announcement about his new “Learn Every Day” platform and how it aims to unite appraisers, lenders, agents, and more.

I had Susan Tarman on today and it was just a joyful conversation. I've known Susan professionally for 30 years, going into her galleries and getting appraisals from her. She's very, very smart and her story is all about what Santa Fe was like in the early 80s all the way through today.She talks about a guy named Vic Hansen who was this very interesting character that  I never had the chance to meet, but keep hearing stories about him even today. So she goes into detail about how instrumental that man was in her life and ultimately how she bought his gallery and made it her own.Fast forward to today and, though her gallery closed, Susan is still one of the best appraisers in the business. So if you want to get a great sense of what the Santa Fe art world was like in the 80s, who the players were, and what her role was and is in our field, than this is an excellent podcast to listen to. 

In this episode, Jim, Hal, and special guest Jared Preisler dive into the brand-new URAR and what it means for appraisers. From market analysis to the sales comparison approach, we're breaking down how appraisals are evolving (and why it's not as scary as it sounds). Plus, hear all about the exciting post-event CE opportunities at Valuation Expo, in partnership with the Appraisal Institute. If you've ever thought, “Maybe it's time to retire,” hold that thought and listen to this first!Learn more about these two new courses and register here: https://www.valuationexpo.com/#registerAt The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Last fall, we put out a call for nominations for our first inaugural Buzzy Awards. We wanted to recognize outstanding appraisers and firms and others in the industry from around the country.In this episode, host Hal Humphreys chats with the winner of the Instructor of the Year. We'll talk about his experience, unique course topics, and what he has coming down the pike. You won't want to miss this one.Meet the Instructor of the Year, gain CE, and network like never before at Valuation Expo on August 11-13: https://www.valuationexpo.com/At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Bryan is back from the ACTS conference in Texas sporting a new custom hat — and a lot of new insights on the upcoming URAR changes. After teaching a class to over 100 attendees, he also gathered notes and updates from Fannie Mae representatives and software providers, which he'll be sharing in this episode. Plus, Brad Bassi, Hal Humphreys, and Bryan settled an important question: who has the biggest head? Tune in to hear the results, get the latest information on where you can access the Appraiser's Guide to the New URAR, and enjoy some fun facts about cowboy hats along the way.

Fix It Radio: Are Your Assets Worth More? Secrets Appraisers & Insurers Won't Tell You 5-3-25 by John Rush

In this episode, Blaine answers several questions from the listeners about building their non-lender appraisal business, hiring and training apprentice trainees, and how to stop being the bottleneck in your own business. 

In this episode, we're talking trainees — when to bring one on and why a slower market might actually be the perfect time to do it. Jim and Hal are joined by first-time guest Becky Johnson, founder of the popular Facebook group Appraiser Trainees Learning Together. Becky shares insights from her recent NAA Appraiser Focus article, her journey into the appraisal world, and what she's learned after recently stepping into the role of supervisor herself. Don't miss this inspiring conversation for both seasoned appraisers and aspiring trainees!At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

Bryan returns from the ACTS conference and talks to the NAA Appraiser of the Year. Listen in to hear her story of how getting involved brings a feeling of giving back to the profession but also creates opportunities.

Lisa and Amy clear up confusion around what an appraiser certifies when they sign a report.

In this episode, Blaine shares 8 pieces of wisdom he's learned over the years from mentors, masters, Stoics, and life in general. 

In this episode, we break down the situations that legally require a licensed or certified appraiser—and the brokerage activities that can cross the line into unauthorized appraisal practice. Perfect prep for your real estate exam and real-world awareness.   www.GlobalRealEstateSchool.com   

In this episode, we break down the situations that legally require a licensed or certified appraiser—and the brokerage activities that can cross the line into unauthorized appraisal practice. Perfect prep for your real estate exam and real-world awareness.   www.GlobalRealEstateSchool.com   

In this episode, Blaine compares the two different appraisal company business models: the one person business, or solopreneur, and the team builder model, which is the business model whereby the appraiser has additional income generators within the business so that all of the income is not dependent on just one person. 

Dive into the vibrant world of Iowa's land market with Jim, the land appraiser with a finger on the pulse of agricultural and recreational property trends. From soaring sales to the curious case of sealed bid auctions, this episode offers a deep plow into what makes the heartland's soil sell. Plus, a sneak peek at forecasting the land's financial furrows. Tune in and till the full scoop! https://www.whitetailmasteracademy.com Use code 'HOFER' to save 10% off at www.theprairiefarm.com Massive potential tax savings: ASMLABS.Net -Moultrie: https://bit.ly/moultrie_ -Hawke Optics: https://bit.ly/hawkeoptics_ -OnX: https://bit.ly/onX_Hunt -Painted Arrow: https://bit.ly/41ZtK5i 

Lisa and Amy talk about "off the cuff" opinions and whether that's possible under USPAP.

Appraisers... the mysterious, oddly powerful figures of the real estate world! In this episode, we're joined by certified appraiser Wayne Richardson to pull back the curtain on what appraisers actually do—and what they don't. Wayne answers the questions buyers and sellers ask all the time: Do home improvements really add value? Do repairs make a difference? How should you prepare for an appraisal? As the unbiased third party in most real estate transactions, Wayne brings clarity and expert insight to help you better understand the appraisal process. If you are looking for an appraiser in DFW, reach out to Wayne by emailing him at value@trgappraisals.comSend us a textEnjoyed this episode? Share it with friends and family or leave us a review! Have questions or stories to share? Send them our way, and they might be featured in a future episode! Stay Connected:- Follow us on Instagram and Facebook for more updates and visuals.- Visit our website at NestologyPodcast.com for additional resources and episode archives.- Email us at NestologyPodcast@gmail.com with your questions and stories!

Dan Bradley joins Amy and Lisa to talk about what appraisers wish real estate agents knew.

In this epsiode, Blaine talks through several thoughts and ideas around why so many appraisers choose to be silent and invisible where and when it matters the most, which is not whining and complaining on social media. 

Appraisers play an immensely important role in real estate transactions, but they can be a bit of an enigma, as they rarely communicate with the parties involved in a real estate transaction, despite having the power to potentially "blow up" a real estate transaction. As such, their roles and how they think about the market can be misunderstood by the general public and even by real estate professionals. Thankfully, Greenville-Spartanburg has many great appraisers, and Chris White is one of them. And in this episode, Chris gives us a rare inside look at how appraisers think about real estate, how they come up with their valuations, and what is happening in the Greenville-Spartanburg market. If you need to reach out to Chris White, feel free to reach him at: rps_chris@yahoo.com / ‭(864) 809-6546‬. His company website is: https://www.scappraisers.com As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

Special guest Mark Lewis joins Amy and Lisa to discuss his unique experiences as a rural appraiser.

Join Nick Lamagna on The A Game Podcast with our guest Keith Florian an athlete, real estate investor and broker and entrepreneur who not only has a 5th degree black belt in Jiu Jitsu but also has a black belt in business!  He is the president of Florian Real Estate Group with over 20 years in real estate and the President of Beyond Appraisals and still finds ways to run his MMA and BJJ academy Florian Martial Arts Center! He is a money maker and butt kicker of the famous trio of Florian brothers! He now molds and trains fighters and practitioners under the true principles and foundations of martial arts with honor and tradition to make a positive impact in their lives. He is a father of 3, a world traveler with a fun, scenic and informative social media account.  He drops a ton of great knowledge for entrepreneurs, real estate professionals and people who want to do better in life! Topics for this episode include: ✅ Should you be using a specific type of appraiser ✅ Why is it important to get a local team in real estate? ✅ The most important things when valuing a property from an appraisers eyes ✅ The difference between conventional loan, FHA, purchase and refinancing appraising ✅ is it possible to multi task in business and still be successful + More See the show notes to connect with all things Keith!   Connect with Keith: Keith Florian on Instagram Keith Florian on LinkedIn Keith Florian on Facebook Keith Florian on Youtube Keith Florian on Twitter   Connect with Florian Martial Arts and Real Estate: www.florianmartialartscenter.com Florian Martial Arts on Facebook Florian Martial Arts on Instagram Florian Martial Arts on Youtube Florian Martial Arts on Twitter   Connect with Florian Real Estate Group: florianrealestategroup.com` Florian Real Estate Group on Facebook   Connect with Beyond Appraisals: beyondappraisals.com   --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Having trouble choosing comps? Tim Andersen, the Appraiser's Advocate explains one possible model in this podcast.