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Today we examine the "guidelines" of Anti-Cosmic Satanism, visit Norway to uncover a brutal crime, and then run from zombies!!! Original Air Date: Oct 1, 2018 Anti-Cosmic Satanism is a branch of regular ole' Satanism that believes the Cosmic God (the one everyone worships) is really a bad guy who was born while some other demonic gods were sleeping. And remember Don't get blown, because then you'll have to blow a hundred dudes . . . or something like that. Then we investigate the Misanthropic Luciferian Order, a sub-group of ACS. When a bunch of Norwegian fans of death metal take the lifestyle too far, who will pay the price? Patreon (Get ad-free episodes, Patreon Discord Access, and more!) https://www.patreon.com/user?u=18482113 PayPal Donation Link https://tinyurl.com/mrxe36ph MERCH STORE!!! https://tinyurl.com/y8zam4o2 Amazon Wish List https://www.amazon.com/hz/wishlist/ls/28CIOGSFRUXAD?ref_=wl_share Help Promote Dead Rabbit! Dual Flyer https://i.imgur.com/OhuoI2v.jpg "As Above" Flyer https://i.imgur.com/yobMtUp.jpg “Alien Flyer” By TVP VT U https://imgur.com/gallery/aPN1Fnw “QR Code Flyer” by Finn https://imgur.com/a/aYYUMAh Links: DeadWorld Part 1 https://www.youtube.com/watch?v=QuTI9T6ootU&t DeadWorld Part 2 https://www.youtube.com/watch?v=qCQPa_Cu0Co&t ANTI COSMIC SATANISM https://archive.ph/Q6tXG Temple of the Black Light https://en.wikipedia.org/wiki/Temple_of_the_Black_Light Dissection https://en.wikipedia.org/wiki/Dissection_(band) Dissection - Starless Aeon https://www.youtube.com/watch?v=iV5rN8XJbDk Keillers Park murder https://en.wikipedia.org/wiki/Keillers_Park_murder MLO http://www.angelfire.com/extreme/slayermagazine/interview_mlo1.html Page 2 https://www.angelfire.com/extreme/slayermagazine/interview_mlo2.html ----------------------------------------------- Logo Art By Ash Black Opening Song: "Atlantis Attacks" Closing Song: "Bella Royale" Music By Simple Rabbitron 3000 created by Eerbud Thanks to Chris K, Founder Of The Golden Rabbit Brigade Dead Rabbit Archivist Some Weirdo On Twitter AKA Jack YouTube Champ: Stewart Meatball Reddit Champ: TheLast747 The Haunted Mic Arm provided by Chyme Chili Forever Fluffle: Cantillions, Samson, Gregory Gilbertson, Jenny The Cat Discord Mods: Mason http://www.DeadRabbit.com Email: DeadRabbitRadio@gmail.com Twitter: https://twitter.com/DeadRabbitRadio Facebook: www.Facebook.com/DeadRabbitRadio TikTok: https://www.tiktok.com/@deadrabbitradio Dead Rabbit Radio Subreddit: https://www.reddit.com/r/DeadRabbitRadio/ Paranormal News Subreddit: https://www.reddit.com/r/ParanormalNews/ Mailing Address Jason Carpenter PO Box 1363 Hood River, OR 97031 Paranormal, Conspiracy, and True Crime news as it happens! Jason Carpenter breaks the stories they'll be talking about tomorrow, assuming the world doesn't end today. All Contents Of This Podcast Copyright Jason Carpenter 2018 - 2025
In today's competitive mortgage industry, understanding rate lock management is essential for every loan officer aiming to deliver top-notch service and close deals with confidence.In this episode, we dive deep into the art and science of rate lock management. Learn how to navigate fluctuating markets, communicate effectively with clients about rate options, and avoid costly mistakes that can derail a deal. Whether you're a seasoned professional or just starting out, this episode will equip you with practical strategies to master rate locks, build trust with your clients, and boost your overall success.Tune in for actionable tips, real-world examples, and expert insights that will help you stay ahead in the ever-changing world of mortgage lending.
In this episode of Loan Officer Training, we dive deep into the powerful tools of credit simulations and rapid rescores—game-changers for loan officers looking to help clients improve their credit scores quickly and efficiently. Learn how to analyze credit reports, leverage simulation tools to create actionable plans, and navigate the rapid rescore process to achieve better loan outcomes. Whether you're working with first-time buyers or clients with challenging credit, these strategies will elevate your expertise and empower you to close more deals. Tune in and take your credit mastery to the next level!
The mortgage industry is no stranger to change, and the challenges it faces today demand bold discussions and innovative solutions. In this special Christmas Day podcast episode, David Lykken brings together two industry thought leaders, Greg Sher and Taylor Stork, to explore the pressing issues shaping the future of housing finance and mortgage lending. From Scott Turner's appointment as HUD Secretary and its implications for the housing supply crisis, to MLO compensation reform, and the transformative impact of AI and streamlined tech stacks, the conversation covers a wide range of critical topics. The episode also tackles contentious issues like trigger leads and credit scoring monopolies, emphasizing the need for fairness and transparency. As the panel looks ahead to 2025, they highlight key initiatives from CHLA and MBA and underscore the importance of advocacy and collaboration in creating a more efficient, consumer-friendly mortgage landscape.
In this episode of Loan Officer Training, we tackle the critical process of verifying business ownership for real estate loans. Understanding the nuances of business documentation is key to ensuring smooth approvals and compliance. Learn how to identify the right documents, verify legitimacy, and effectively navigate complex ownership structures. We'll also share tips on how to streamline the process for your clients while maintaining accuracy and professionalism. Whether you're working with sole proprietors or complex partnerships, this episode will equip you with the knowledge to handle business verification like a pro. Tune in and elevate your expertise!
Dan, Tracy, and Fred discussed the creation and benefits of seller finance notes, emphasizing the importance of creating valuable notes for both holding and potential resale. They also discussed the size and growth of the owner finance market, the increasing trend of seller financing due to tightening traditional loan markets, and strategies for note creation and selling. The conversation ended with a discussion on the importance of compliance with regulations, the potential of using an MLO and a servicing agent, and the increasing popularity of seller finance. To see the slides from this webinar, you can watch on the YouTube channel HERE. Get Fred and Tracy's course on how to create seller-financed notes HERE
In this episode of Loan Officer Training, we explore the essentials of Mortgage Insurance (MI) and its critical role in the lending process. From understanding the different types of MI—private, FHA, VA, and USDA—to learning how to calculate premiums and explain their impact on loan affordability, we'll cover it all. Gain insights into how MI protects lenders, helps borrowers with lower down payments, and affects loan structures. Whether you're looking to refresh your knowledge or master the intricacies of mortgage insurance, this episode is your guide to confidently navigating MI conversations with clients and closing more deals. Don't miss it!Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!Our Mortgage Loan Originators are trained to be loan consultants to guide borrowers throughout the entire loan process. Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
In this episode of Loan Officer Training, we dive into the complexities of analyzing self-employed borrowers with partnerships. Understanding partnership income, tax returns, and financial structures is essential for loan officers handling these unique scenarios. We'll break down how to evaluate K-1 forms and distributions, identify key red flags and opportunities in partnership earnings, and navigate complex financial statements with confidence. Whether you're an experienced loan officer or just starting out, this episode will equip you with the knowledge and tools to better serve self-employed clients and close more loans. Tune in and take your lending skills to the next level!Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!Our Mortgage Loan Originators are trained to be loan consultants to guide borrowCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Are traditional financing methods limiting your investment potential? Discover how creative financing can unlock new opportunities in real estate. In this episode, Bill Ham dives deep into the evolving landscape of real estate financing, discussing how recent changes in agency lending practices and community bank restrictions impact investors. He shares insights on market cycles, the tightening of lending criteria, and the increasing role of creative financing strategies, such as master lease options (MLO) and seller financing. With anecdotes and examples, Bill explains how these methods can open up new avenues for buyers and sellers facing unique challenges in today's market. Angel Williams joins the conversation, adding her perspective and questions on navigating complex financing terms. [00:01 - 06:30] The Shadow of Debt: How Lenders Control the Market Debt's impact on real estate cycles and market shifts The roles of Freddie Mac and Fannie Mae in multifamily financing Why community banks' entry into the market matters to investors [06:31 - 12:50] A Hard Market Shift: The Effects of Tightened Lending Why community banks stop real estate lending without warning The consequences of restricted financing on distressed assets Opportunities for investors in creative financing during market downswings [12:51 - 18:00] Avoiding the Pitfalls of Short-Term Loans How interest-only loans lead to risky investments Why long-term cash flow strategies are crucial The importance of separating gambling from investing [18:01 - 24:24] Master Lease Options Explained The advantages of master lease options over traditional sales When and how to use lease options for multifamily assets Real-world examples of distressed sellers benefiting from lease options [24:25 - 29:03] Structuring Deals: Legal and Financial Considerations How to structure options and avoid common mistakes The role of legal support in securing creative financing agreements Essential negotiation strategies for master lease option agreements Key Quotes: “Debt is the shadow hand in everything we do in this life.” – Bill Ham “Creative financing becomes crucial when traditional methods fail to meet the needs of distressed properties.” – Bill Ham Connect with Bill: Website: https://realestateraw.com/ LinkedIn: https://www.linkedin.com/in/billhamrealestate/ Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, YouTube channel, or website https://www.theacademypresents.com/jointhesummit36848306.
Multi-Link Operation (MLO) is a major feature of Wi-Fi 7. At a high level, MLO allows a client and an AP to communicate using multiple radios and frequencies simultaneously. The result is an increase in throughput and resiliency. Today’s Heavy Wireless podcast dives into MLO with guest Jim Palmer, who presented on the topic at... Read more »
Multi-Link Operation (MLO) is a major feature of Wi-Fi 7. At a high level, MLO allows a client and an AP to communicate using multiple radios and frequencies simultaneously. The result is an increase in throughput and resiliency. Today’s Heavy Wireless podcast dives into MLO with guest Jim Palmer, who presented on the topic at... Read more »
Hii leo jaridani tunaangazia machafuko nchini Sudan unaosababisha janga la njaa, na mradi wa maji Galmudug Somalia kwa ajili ya maji safi na salama pamoja na mifugo. Makala tunakupeleka nchini DR Congo na mashinani nchini Kenya, kulikoni?Nchini Sudan ambako vita na janga la njaa vinaendelea kuwa mwiba kwa raia sasa wahudumu wa kibinadamu wa Umoja wa Mataifa wanaonya juu ya tishio lingine kubwa la milipuko ya magonja ya kipindupindu na homa ya kidingapopo huku mfumo mzima wa afya ukiwa taabani.Nchini Somalia, ni asilimia 52 tu wananchi ndio wanapata huduma ya maji safi na salama. Wengine hulazimika kutembea umbali mrefu kuteka maji ambayo si ya uhakika. Hata hivyo kwa msaada wa shirika la Umoja wa Mataifa la kuhudumia watoto, UNICEF nchini humo pamoja na wadau, hali sasa inaanza kuimarika.Makala inakupeleka Jamhuri ya Kidemokrasia ya Congo, DRC ambako Kapteni Fadhillah Nayopa, Afisa habari wa kikosi cha 11 cha walinda amani wa Tanzania, TANZBATT-11 katika ujumbe wa Umoja wa Mataifa wa kulinda amani nchini DRC, MONUSCO anazungumzia usaidizi waliopatia watoto yatima.Mashinani kupitia video ya Shirika la Umoja wa Mataifa la Mpango wa chakula, tunakutana na Geoffrey Nawet, Mwanafunzi katika shule ya Kakuma nchini Kenya akitueleza jinsi ambavyo programu ya Mlo shuleni ya lishe bora umewawezesha wanafunzi kumakinika shuleni na kupata motisha ya kuendelea na masomo.Mwenyeji wako ni Assumpta Massoi, karibu!
Send us a textAfter a long break and a physical move of our studio, MLO is back and with a new Co-Host, Mikal Mele. Our director and President of Mortgage Express welcomes us to our new home and then we dive into some brewing topics within Real Estate & Mortgage:Refinancing: what to know and the importance of breakeven pointsSocial Media Content from Realtors and Mortgage Lenders (what can you believe?)Election Period and 2025 FED/Interest Rate Predictions----Mikal MeleLoan Officer & Mortgage AdvisorNMLS 963197 Casey CarpenterLoan Officer & Mortgage AdvisorNMLS 1458123 Addy NettLoan Officer & Mortgage AdvisorNMLS 1542184 Mortgage Express, LLC NMLS ID 40831 | Equal Housing LenderNot a commitment to lock or lend. Terms and conditions apply. Not all applicants will qualify. Licensed in OR/WA/CA/AZ/ID with licensing in California by the Department of Financial Protection and Innovation (DFPI) under the Residential Mortgage Act. Questions and concerns may be directed to our Corporate Office or customerservice@mtgxps.com. Visit www.nmlsconsumeraccess.org for more information.
The team discusses Apple's new iPhone 16 handsets, asks whether AI is really stealing jobs and argues over whether kids should be banned from social media. Our Hot Hardware candidate is the Netgear Orbi 770, the first home mesh we've seen to support Wi-Fi 7's multi-band MLO capability.
In this episode, I share my latest expert interview with Jo-Ann Lapin (HanoverMC.com), a licensed mortgage loan originator (MLO) specializing in the mobile home industry, where we talk all about financing options for mobile home investors. You'll learn the following: Ins and outs of financing options available to you as a mobile home investor Resources out there to help with your financing needs and goals Pre-qualification process and what's involved when trying to obtain financing for your mobile home investing business Seller financing options available to mobile home investors including other lending scenarios Financing options for mobile home parks, land and lots How the closing process works and what's involved when financing mobile home deals Out-of-pocket costs involved when closing deals using mobile home financing and more! We go over exactly what you need to know about financing options for mobile home investors and so much more including how and where to watch the full interview on the subject. Support the Show: https://www.adventuresinmobilehomes.com/support Episode Show Notes: https://www.adventuresinmobilehomes.com/87
D.O. reflects on the invaluable lessons he's learned during his 20-year career as a mortgage loan originator. From personal finance and business skills to understanding the US economy, Dustin shares how being an MLO has shaped his life and success.
The Federal Reserve has spoken - interest rates are going up and they're staying high for quite a while.
Welcome to a targeted episode of "Loan Officer Training." In this session, we're delving into a specific skill set: "How to Complete the Freddie Mac Form 91 & 92 Self-Employed Income Analysis."Navigating the Freddie Mac Forms 91 & 92 is essential for loan officers dealing with self-employed individuals. In this episode, we'll guide you through the essential steps and considerations involved in completing these income analysis forms. From understanding documentation requirements to calculating qualifying income, we'll provide insights into the strategies and best practices for mastering the Freddie Mac Form 91 & 92.Tune in to gain valuable expertise in efficiently completing these vital self-employed income analysis forms. We'll share practical tips, industry insights, and expert advice to empower you in making accurate assessments. Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a detailed episode of "Loan Officer Training." In this session, we're delving into a specific skill set: "How to Complete the Fannie Mae Form 1084 Self-Employed Income Analysis."Effectively navigating the Fannie Mae Form 1084 is crucial for loan officers dealing with self-employed individuals. In this episode, we'll guide you through the essential steps and considerations involved in completing this income analysis form. From understanding documentation requirements to calculating the adjusted gross income, we'll provide insights into the strategies and best practices for mastering the Fannie Mae Form 1084.Join us as we break down the process, ensuring you're well-equipped to handle the Fannie Mae Form 1084 with confidence in your role as a loan officer.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a targeted episode of "Loan Officer Training." In this session, we're delving into a strategic approach: "How to Execute a BRRRR Transaction for Investors."Navigating the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) strategy is pivotal for loan officers working with real estate investors. In this episode, we'll guide you through the essential steps and considerations involved in executing a successful BRRRR transaction. From identifying suitable properties to coordinating financing and refinancing, we'll provide insights into the strategies and best practices for facilitating BRRRR transactions.Tune in to gain valuable expertise in navigating this unique investment strategy. We'll share practical tips, industry insights, and expert advice to empower you in facilitating BRRRR transactions for investors. Join us as we break down the process, ensuring you're well-equipped to guide investors through the intricacies of the BRRRR strategy in your role as a loan officer.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a focused episode of "Loan Officer Training." In this session, we're diving into a specific lending approach: "How to do Bank Statement Loans."Navigating the process of bank statement loans demands a distinct skill set, and in this episode, we'll guide you through the essential steps and considerations involved. From understanding documentation requirements to assessing income stability, we'll provide insights into the strategies and best practices for successfully originating bank statement loans.Tune in to gain valuable expertise in navigating this unique lending avenue. We'll share practical tips, industry insights, and expert advice to empower you in effectively handling bank statement loans. Join us as we break down the process, ensuring you're equipped with the knowledge and skills needed to successfully navigate and originate these specialized loans.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a pivotal episode of "Loan Officer Training." In this session, we're delving into a critical aspect of the lending process: "How to Vet Borrowers."Effectively vetting borrowers is fundamental for every loan officer. In this episode, we'll guide you through the essential steps and considerations involved in evaluating potential borrowers. From analyzing creditworthiness to assessing financial stability, we'll provide insights into the strategies and best practices for thorough borrower vetting.Tune in to gain valuable expertise in navigating the borrower evaluation process. We'll share practical tips, industry insights, and expert advice to empower you in making informed lending decisions. Join us as we unravel the keys to effective borrower vetting, ensuring a robust and responsible lending approach.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
ALRIGHT, PEOPLE! We are BACK! This week on Radio Active Kids, we'll present the show we WANTED to do last week before I got super sick! It'll feature new releases by the likes of Will's Jams & Seeka Sings, Fabulous Lemon Drops, Captain Festus McBoyle, Rolie Polie Guacamole, Levity Beet (ft. Mr Roberelli, LOOPY TUNES, & MLO!), Lisa Loeb & The Hollow Trees, Ginalina, La Bollito Band, Eden Mulholland, The Shytunas, Postmodern Pirates, Miss Tutti And The Fruity Band, Snackbeard, Rockaroni and Cheese, & Aguacate, PLUS wizard rock by Hawthorn & Holly, Siriusly Hazza P, Pussycat Dolores & Hungry Hungry Hippogriffs, AND older songs by The Listies, Hopalong Andrew, Billy Kelly & Molly Ledford, & FluffyMcCustard!!!! 8-10am ET Saturday at ashevillefm.org/show/radio-active-kids or the Asheville FM app & podcasting at https://anchor.fm/radio-active-kids Here's the playlist.
Welcome to a strategic episode of "Loan Officer Training." In this session, we're delving into the realm of portfolio loans with a focus on "How to Quote & Structure Portfolio (Blanket) Loans."Effectively quoting and structuring portfolio loans demands a unique skill set, and in this episode, we'll guide you through the essential steps and considerations involved in this specialized lending approach. From assessing the portfolio's diversity to tailoring loan terms, we'll provide insights into crafting quotes and structures that align seamlessly with the needs of borrowers seeking comprehensive financing.Tune in to gain valuable insights into best practices, industry standards, and expert tips for successfully navigating the dynamics of portfolio (blanket) loans. Join us as we break down the process, empowering you with the knowledge and skills needed to quote and structure these loans with confidence and proficiency.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a strategic episode of "Loan Officer Training." In this session, we're delving into the dynamic world of ground-up construction loans with a focus on "How to Quote & Structure."Crafting quotes and structures for construction loans requires a specialized skill set, and in this episode, we'll guide you through the essential steps and considerations involved in this complex lending niche. From project feasibility analysis to navigating budgetary constraints, we'll provide insights into creating quotes and structures that align seamlessly with the unique requirements of ground-up construction projects.Tune in to gain valuable insights into best practices, industry standards, and expert tips for successfully navigating the intricacies of ground-up construction loans.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a strategic episode of "Loan Officer Training." In this session, we're delving into the dynamic world of fix and flip loans with a focus on "How to Quote & Structure Fix & Flip Loans."Effectively quoting and structuring fix and flip loans requires a unique skill set. Join us as we guide you through the essential steps and considerations involved in this specialized lending niche. From property valuation to understanding the needs of real estate investors, we'll provide insights into crafting quotes and structures that align with the goals of fix and flip projects.Join us as we break down the process, empowering you with the knowledge and skills needed to quote and structure these loans with confidence and proficiency.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a specialized episode of "Loan Officer Training." In this session, we're diving into a unique skill set: "How to Originate an ITIN Borrower Loan."Navigating the lending landscape for individuals using an Individual Taxpayer Identification Number (ITIN) demands a distinct approach. Join us in this episode as we walk you through the essential steps, considerations, and best practices involved in originating loans for borrowers using ITINs. From documentation requirements to risk management, we'll equip you with the knowledge to successfully handle these specialized loan scenarios.Tune in to gain valuable insights into industry standards, expert tips, and the nuances of originating loans for ITIN borrowers. Join us as we demystify the process, providing you with the expertise needed to navigate this unique area of lending with confidence and proficiency.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a targeted episode of "Loan Officer Training." In this session, we're honing in on a specific skill set: "How to Originate a 1099 Borrower Loan."Origination for borrowers with 1099 income requires a tailored approach. Join us in this episode as we guide you through the critical steps, considerations, and best practices involved in originating loans for individuals with income documented on a 1099 form. From navigating income verification to risk assessment, we'll equip you with the expertise to successfully handle these specialized lending scenarios.Tune in to gain valuable insights into industry standards, expert tips, and the nuances of originating loans for 1099 borrowers. Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a specialized episode of "Loan Officer Training." In this session, we're delving into a unique skill set: "How to Originate a Foreign National Borrower Loan."Navigating the intricacies of lending to foreign national borrowers requires a nuanced approach. In this episode, we'll guide you through the essential steps and considerations involved in originating loans for individuals without U.S. citizenship. From documentation requirements to risk mitigation strategies, we'll equip you with the knowledge to successfully handle these specialized loan scenarios.Tune in to gain valuable insights into best practices, industry standards, and expert tips for effectively originating loans for foreign national borrowers. Join us as we demystify the process, providing you with the expertise needed to navigate this specialized area of lending with confidence.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
In today's episode, we're closing out 2023 with a look towards next year and expectations for Wi-Fi 7 according to Broadcom. We're joined by Vijay Nagarajan, VP of Wireless Connectivity at Broadcom, who shares more about what consumers can expect from Wi-Fi 7, and how the latest generation of Wi-Fi will support greater capacity, lower latency, and improved QoS. Vijay also shares his predictions for Wi-Fi 7 in enterprise and we talk about the latency enhancements delivered by MLO and other advanced features. Listen to this episode for the inside track on Wi-Fi 7.Wi-Fi CERTIFIED 7™: https://www.wi-fi.org/discover-wi-fi/wi-fi-certified-7For Wi-Fi Alliance: www.wi-fi.orgFor Membership Info: https://www.wi-fi.org/membershipGeneral Contact: https://www.wi-fi.org/contact-us
Welcome to a strategic episode of "Loan Officer Training." In this session, we're diving into a crucial skill set: "How to Originate a DSCR Loan."Understanding Debt Service Coverage Ratio (DSCR) loans is pivotal for loan officers seeking to navigate complex lending scenarios. In this episode, we'll provide a step-by-step guide on originating DSCR loans, exploring the intricacies of evaluating cash flow, mitigating risks, and ensuring the financial viability of the borrower.Tune in to gain valuable insights into best practices, industry standards, and expert tips for successfully originating DSCR loans. Join us as we break down the process, empowering you with the knowledge and skills needed to excel in originating loans with a keen focus on debt service coverage.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a crucial episode of "Loan Officer Training." In this session, we're addressing a cornerstone of successful lending: "Ethical Lending Practices." Join us as we explore the imperative of promoting ethical lending practices to build trust, ensure compliance, and avoid legal issues.Ethics are the bedrock of a reputable loan officer's career, and in this episode, we'll delve into the principles that guide ethical lending. From transparent communication with clients to navigating complex compliance issues, we'll provide insights and strategies to uphold the highest standards of ethical conduct.Tune in to gain a profound understanding of the ethical considerations in lending, ensuring that your practices align with industry best practices. We'll share practical tips, expert advice, and real-world scenarios to equip you with the tools to foster trust, maintain compliance, and steer clear of legal complications.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a crucial episode of "Loan Officer Training." In this session, we're tackling a paramount topic: "Preventing Mortgage Fraud." Join us as we delve into the essential insights on understanding and identifying red flags to prevent mortgage fraud and minimize potential damages.Mortgage fraud is a pervasive challenge in the lending landscape, and being equipped with the knowledge to identify warning signs is vital for every loan officer. In this episode, we'll explore the common red flags, discuss preventive measures, and provide practical tips to fortify your defenses against fraudulent activities.Join us as we navigate through the complexities, ensuring you are well-prepared to protect both your clients and your institution from the risks of mortgage fraud. We'll share best practices, industry standards, and expert advice to empower you in safeguarding your lending operations. Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a crucial episode of "Loan Officer Training." In this session, we're diving into the critical terrain of "Income Conditions."Understanding and effectively assessing income conditions is fundamental for every loan officer. In this episode, we'll explore the various income-related conditions that play a pivotal role in the lending process. From verifying income sources to evaluating stability, we'll provide valuable insights to help you navigate and interpret income conditions with precision.Tune in to gain expertise in managing income conditions, ensuring thorough financial assessments for your clients. We'll share best practices, industry insights, and practical tips to empower you as a loan officer. Join us as we unravel the complexities of income conditions, equipping you with the knowledge to excel in your role and contribute to the success of your lending endeavors.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a pivotal episode of "Loan Officer Training." In this insightful session, we're delving into "Borrower Conditions."Understanding and effectively managing borrower conditions is a key aspect of successful loan origination. In this episode, we'll guide you through the diverse conditions that borrowers may encounter during the lending process. From documentation requirements to financial considerations, we'll provide valuable insights to help you navigate and communicate these conditions with clarity.Tune in to gain expertise in addressing borrower conditions, ensuring a smooth and transparent lending experience. We'll share best practices, industry insights, and practical tips to empower you as a loan officer. Join us as we equip you with the knowledge to navigate borrower conditions and contribute to the success of your lending journey.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a pivotal episode of "Loan Officer Training." In this session, we're delving into the essential realm of "Title & Vesting Conditions."Understanding title and vesting conditions is a cornerstone of successful loan origination. In this episode, we'll guide you through the intricacies of evaluating and addressing title-related matters and vesting conditions. From ensuring clear ownership to navigating potential challenges, we'll provide insights to help you navigate this crucial aspect of the lending process.Tune in to gain valuable expertise in managing title and vesting conditions effectively. We'll share best practices, industry insights, and practical tips to enhance your ability to address these conditions with confidence. Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a pivotal episode of "Loan Officer Training." In this session, we're delving into the critical topic of "Property Loan Conditions."Understanding and navigating the conditions attached to property loans is essential for every loan officer. In this episode, we'll explore the diverse range of conditions that may be imposed during the lending process. From appraisal requirements to insurance considerations, we'll equip you with the knowledge needed to adeptly handle property conditions.Tune in to gain valuable insights into best practices, industry standards, and expert tips for managing and satisfying property loan conditions. Join us as we unravel the complexities of this crucial aspect of loan origination, empowering you to guide your clients through a seamless lending experience.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a strategic episode of "Loan Officer Training." In this session, we're exploring a vital aspect of building a thriving lending career: "Increasing Your Referral Network."Establishing and expanding your referral network is a cornerstone of success in the loan officer profession. In this episode, we'll dive into actionable strategies, effective networking techniques, and proven methods to grow your referral connections. Whether you're a seasoned professional or just starting, this episode provides insights to enhance your ability to attract and maintain valuable referrals.Tune in to gain practical tips, expert advice, and a roadmap for cultivating a robust referral network. Join us as we uncover the secrets to building lasting professional relationships, ultimately elevating your profile and success as a loan officer.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a crucial episode of "Loan Officer Training." In this session, we're honing in on a skill integral to successful lending: "Credit Report Review Fundamentals."Effectively navigating the credit landscape is key for loan officers. In this episode, we'll guide you through the intricacies of analyzing credit reports and leveraging credit simulation opportunities. Understanding how to interpret credit information and explore simulation options can empower you to make informed decisions, ultimately enhancing your ability to secure the best terms for your clients.Tune in to gain valuable insights into best practices, strategies, and the latest tools available for credit analysis. Join us as we demystify the credit evaluation process, equipping you with the knowledge and skills to seize credit simulation opportunities and provide exceptional lending solutions.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to another informative episode of "Loan Officer Training." In this session, we're diving into a critical aspect of lending, something every loan officer should have in their toolkit: "Calculating the Blended Rate."Understanding how to calculate a blended rate is essential for loan officers, as it enables you to provide your clients with accurate information and make well-informed financial decisions. In this episode, we'll break down the formula, discuss its applications, and explore scenarios where knowing the blended rate can be a game-changer.Tune in to gain the expertise needed to navigate the complexities of interest rates and lending, ensuring you can deliver the best possible solutions to your clients. Join us as we demystify the process of calculating the blended rate, equipping you with the knowledge to excel in your role as a loan officer.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to another illuminating episode of "Loan Officer Training." In this edition, we're tackling a crucial topic that's top-of-mind for all loan officers: "Refinancing"Refinancing can be a powerful financial tool, but understanding the optimal circumstances for your borrowers is essential. In this episode, we'll dive deep into the factors, strategies, and key indicators that help you determine when refinancing makes sense for your clients.Tune in to gain the knowledge and insights you need to guide your borrowers towards making informed decisions about their loans. We'll explore the scenarios where refinancing can be advantageous, and how to navigate this process effectively. Join us as we demystify the intricacies of refinancing, equipping you with the skills to provide the best possible lending solutions to your clients.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a pivotal episode of "Loan Officer Training," where we explore the crucial relationship between "Interest Rates & The Economy."In this informative session, we dive into the intricate connection between interest rates and the broader economy. Understanding how interest rates are set, their impact on various economic sectors, and how they influence borrowing and lending dynamics is essential for loan officers. We'll decipher the economic indicators that drive interest rate decisions and the implications for both consumers and financial professionals.Tune in to broaden your understanding of this vital interplay and learn how to navigate the dynamic landscape of interest rates for the benefit of your clients and your lending career. Let's unravel the complexities and grasp the fundamental knowledge that can drive success in the lending industry.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a cutting-edge episode of "Loan Officer Training," where we explore the innovative realm of "Using AI in Mortgage Lending."In this enlightening discussion, we unravel the impact of Artificial Intelligence (AI) on the mortgage lending landscape. Discover how AI is revolutionizing processes, automating tasks, and enhancing decision-making in the mortgage industry. From streamlining applications to predicting risk, we'll delve into the myriad ways AI is shaping the future of lending.Tune in to gain a comprehensive understanding of how to leverage AI tools and technologies to optimize your lending operations and better serve your clients. Let's navigate the transformative role of AI in mortgage lending, unlocking new opportunities for success in the lending world.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
The market is coming down, you can't deny it. Eventually we will all have to figure out how to sink or swim. How can you adapt to succeed in a down market? The money isn't gone, it just isn't where you think it is.ResourceCheck Out Jim's WebsiteReal Estate Marketing DudeThe Listing Advocate (Earn more listings!)REMD on YouTubeREMD on InstagramTranscript:What's up? Ladies and gentlemen, welcome to our episode of the Real Estate Marketing Dude podcast. I think we just had 8% interest rates. The market is slow. What are you going to do? Hey, if you're a real estate broker or you're a team leader, it is fucking recruiting season all day, every day. Because every single time the market shifts, agents are who are spoiled about how easy business was.00:01:40:23 - 00:02:01:20UnknownThey weren't really looking at their brokerage for support. But when things shift like that, the number one thing all agents industry I look in is who's going to help me navigate the mess that we're in, the slowness that I'm experiencing. And if you're in the business of recruiting, this is today's episode is going to be how to feast and famine, feast or famine in a changing market.00:02:01:20 - 00:02:17:00UnknownThis is going to be on how you feast because it's markets like these that are honestly the easiest time to recruit. It's very difficult to recruit when everyone is doing well because what's the purpose of recruit? Hey, I'm doing well. I don't need you right When you're getting your ass kicked, you're like, Should I need some help? I need a coach.00:02:17:00 - 00:02:36:16UnknownI need to switch brokerages. Maybe I'm with the wrong people. Maybe I'm with that. What my predictions are going to be, I've never I've been roasted for 20 years. I've never seen 8% interest rates before in my career. So this is new to me as well. But what I know is that people are hurting right now and people are looking at what am I going to do next?00:02:36:16 - 00:02:56:10UnknownAnd they're scared. 90% of the real estate agents out there have never seen a shift like this. So if you're a team leader or broker owner, the chances are you've been in the business longer than most of the people you're trying to recruit early. Usually that's how it used to work. Today you have people in the business for two years and all said in their coaches and their influencers and all this other stuff, but we need to go back to the basics.00:02:56:10 - 00:03:15:05UnknownThis is a very healthy thing with the right mindset. So without further ado, I want to go ahead and introduce our guest. We had him on about like the Kova days, if I'm not mistaken, a couple of years ago, years ago now, three years on, his name is Mr. Jim readily jumped. Hello. Hey, man. Thank you for having me back on the program.00:03:15:05 - 00:03:31:15UnknownAlways a pleasure, Mike. What are we going to get into today? Let's talk about recruiting because it's recruiting season, As you mentioned, I just saw a stat that was 90% of all the agents operating today have never been in a market with 5% interest or greater. And so when you look at that, you know, you've got a lot of agents who are exiting.00:03:31:15 - 00:04:00:02UnknownThe latest numbers show that about 80,000 agents have already exited this business. Now we've got a double whammy hitting the market. We've got a whammy of, you know, people just not ever experiencing a down market. They've been in an upcycle for the last ten years. But now we've got something else is setting the market. There's a lot of fear around which is buyer representation back BS now under attack by the Department of Justice in two major lawsuits and major players like Remax Keller and Re Max.00:04:00:02 - 00:04:30:07UnknownBut anywhere Keller claims is on the list. But Remax got major MLS. Those that are settling in the settlements are saying basically we're going to make sure that sellers now have an option not to pay back agents that don't know how to deal with that are going to exit the business as well. So now you got a double whammy in the market where you've got a tremendous amount of pressure build up and as you mentioned, it's a great time to recruit because agents need guidance, they need playbooks, they need a strategy because most agents have been market driven, not strategy driven.00:04:30:07 - 00:04:46:07UnknownAnd when the market turns, they're just upside down immediately. Yep, very well put. I didn't give people give you the proper introduction, so I want you to tell people why they should listen to you. So today, how long have you been in the business? Really quick. Now let's get into this because yeah, guys, he knows what he's doing.00:04:46:07 - 00:05:03:17UnknownHe coaches brokerages and teams and all over the country. So really pay attention to what's going on here, because even if you're an agent listening to this, you need to find a broker that's doing the things we're going to tell you about, period. Right. So, Jim, go ahead and give me your accolades. So I'm going to give you a really brief rundown.00:05:03:17 - 00:05:29:06Unknown33 years in the business. I started it in the back in the late eighties, early nineties, when interest rate my first house about ten and a half percent interest. I thought I was so lucky to get it. So been through those upward cycles and interest rates. But at first year in the second year, the business took 150 listings, got a lot of accolades and 21 Centurion Awards of my first company at 23 agreed that to 17 offices sold that No.00:05:29:06 - 00:05:50:07UnknownSix right before the crash, spoke for NPR for ten years, grew another company in southern Oregon from 38 agents to 250 agents. Now that company is in the top 500 companies in America by volume. In a small, powerful population base of 80,000, our average agent productivity is about $7 million per agent. So doing something right, that's my version.00:05:50:13 - 00:06:08:05UnknownLet's let's get into this because you just mentioned something I wasn't planning on talking about. But yes, this is like the perfect storm. You have super high interest rates that nobody's used to. You have unaffordability, you have high inflation rates. You know, people are worried about their finances. 80% of people today don't believe buying a house is a good investment.00:06:08:07 - 00:06:24:00UnknownAnd then you have the other side of it with this NAR thing going on. And what's really you guys commission compression is real, like the days of you when this shit hits the fan and when it's all settled, you're not going to get a five or 6% listing agreement in my opinion, anymore. I think everybody is going to get cut.00:06:24:00 - 00:06:49:15UnknownSo not only are you're going to be making less money than you're ever used to now, that's not necessarily a bad thing. Okay, So this is the stage. This is the business that we're in today, guys. So you have two options Adapt and change or die. Yep, one of them. So let's talk about adapting and changing and let's first get into brokerages because whether you're an agent listening to this or not, I know Jim's going to speak through like if you're a broker owner, here's what you should be doing.00:06:49:15 - 00:07:06:11UnknownBut if you're an agent, you need to be following people that are doing the stuff we're telling you. Okay. So, Jim, what do you do right now? Like, what do you we're saying it's it is recruiting season because people want to be part of something where they know the direction. And when everybody is walking, it's sort of like if you go to a haunted house, it's Halloween going haunted house and it's pitch dark in there.00:07:06:11 - 00:07:20:10UnknownYou're sort of like, what the hell's going to pop up here? And you're sort of tiptoeing all the way through. You just want to turn the damn lights on and walk through and exit the door. Right? Right. So what do we do in these shifts, Jim? What's the first thing that you're going to do as an agent today?00:07:20:12 - 00:07:36:23UnknownThe top three things you can do and we're training our agents to do this right now is just to be on the cutting edge. You gotta look at this as an opportunity for growth. And you got to look at this is not a challenge, but an opportunity. So here's the opportunity for growth. Number one, you need to act as if this change has already occurred.00:07:36:23 - 00:07:53:21UnknownAct as if we're five years out from these lawsuits being settled because they are going to be settled. They're being sold right now. These are the major lawsuit goes this goes to court October 16th, one of them is going to settle. And the outcome of that is going to be, ah, the way we collect fees from buyers is probably going to be we're going to collect it directly from a buyer.00:07:53:23 - 00:08:12:01UnknownSo let's assume that's already changed, right? I taught that too. I taught the accredited by representation class for ten years. So he used to teach us for years. But here's what I'm going to change. I'm going to start treating buyers the same with the same respect. I treat sellers, meaning I do a buyer presentation every single time when I'm with a buyer and I say, Hey guys, can I just take a few minutes and show you how I work?00:08:12:03 - 00:08:27:10UnknownCan I just kind of walk you through the process of how I work with all my buyers and now I'm going to open up maybe a digital presentation of here's the process, here's the five things we need to talk about as you're working with the buyer. And during that buyer presentation, just like with the seller, I'm building value in my services.00:08:27:12 - 00:08:42:20UnknownNow, let me tell you the key part of your your, your, your proposition, your value proposition. It's not finding them in the home. C most buyers today we hear it all over the internet. I can unlock a door and I can search for homes myself. I don't need a realtor to do that. So we got to take that off the equation as fast as possible.00:08:43:01 - 00:08:57:20UnknownAnd what we say is, you know, finding the house is really the easy part. And then we say the hard part is what comes next. And now I'm going to build my value from here on out. Now, how am I going to build that value? I'm going to say, so what I do is when we find that house, here's here's here's the steps I go through.00:08:57:20 - 00:09:14:02UnknownWe're going to do some deep research on the house. I'm going to check the assessment data, I'm going to check the planning data, and I check the zoning data. I'm going to check the overlays. We're gonna look at what the seller paid for the house the last time, the refinance, the property, all the trends that are happening. That neighbor over the last five years, we'll do an in-depth buyer, CMA, on that property.00:09:14:02 - 00:09:36:20UnknownWe'll see if there's any red flags on the permitting. Have they not pulled the permits for the last construction? They've done that deep in the house. You're going to know more about that house and the on has about that house by the time I'm done. And then once we know about that house, my real skills are going to show because I'm now going to talk about negotiation, that negotiation aspect of your skill set is the number one value point that buyers look at from you.00:09:36:22 - 00:09:55:24UnknownThey want the best negotiator in the market. It's just like a surgeon and the best surgeon. They want the best negotiator. Then he got approval with testimonials and back it up and show them proof of life, how you've helped other people negotiate great deals. Now you're going to set the stage for you are worth whatever you're asking. I'm not worth 1%, 2%, 3%, whatever your number is going to be.00:09:56:01 - 00:10:13:22UnknownAnd you're going to have to set that number. It's not going to be like I'm just accepting what the seller is offering. It's going to be I'm going to be charging a buyer. What's that number going to be? Right? So step one buyer presentation set, you know, you're in a value proposition. Step two is really understanding the buyer representation agreement in your market area.00:10:13:23 - 00:10:29:03UnknownWhatever state you're in, there's a buyer representation agreement that's already been created. You need to get it out, you need to read it, review it and understand and be able to present it just like you can listing appointment at listing point of the listing documents. Right? And number three, you got to start roleplaying this with somebody in your office you trust.00:10:29:03 - 00:10:46:09UnknownYou've got to actually practice, practice, practice. I call it the three step method of practice. You had to memorize a presentation cold, you got to internalize it so I can turn any page of my presentation or have any objection thrown at me and I can respond instantaneously. And last I got to personalize in real time to the client I'm dealing with.00:10:46:15 - 00:11:01:00UnknownSo those are three things we're talking about. Like it. So I'm going to dig deep a little bit further. It's crazy that a lot of people don't do buyer like I started doing buyer console. That's how I learned all the business. I was only 21 years old and no one took me seriously. I was an alcoholic pretty much at that time.00:11:01:00 - 00:11:16:05UnknownLike just at the bars every day and then had to go meet with someone that was ten years older than me, literally, and tell them. On why they should buy a house. So I knew instantly I had the world against me in all odds against me. Because why are you listen, this punk kid who just got out of college talking about your wisest investment ever?00:11:16:11 - 00:11:29:00UnknownWell, I got really good at presenting, and I got to build my worth in there. And I would tell people straight up, Look, I don't really care what you buy. I don't care where you buy. I care what you buy. And the only reason you're going to hire me is because I'm going to get you a better deal.00:11:29:00 - 00:11:48:13UnknownThat's the reason I have a job, right? You know, it was just it was just straight up. But there's going to be a lot of other things. Like you guys have to look at your business today as a no differently than a restaurant does. What's the experience that you actually provide? Are you going to give them hair in their food or are you going to actually walk away and they're going to be talking to everyone else about why they should come visit your restaurant?00:11:48:15 - 00:12:03:01UnknownAnd this means you're going to have to stack your offer. The days of opening your doors and closing them like there's going to be part of the job that's going to be like 4% of it. Yeah, this is facilitation is also another way to build your value. Like you have to sell your service and be like, like I'm a bulldog.00:12:03:03 - 00:12:19:06UnknownI'm going to get you the best deal. And the only reason people hire me is because I'm good at finding deals. Some some you guys are going to develop off market deal finding abilities that's gonna be very high in demand. Some of you guys need to facilitate the entire deal. That means you have to do a hands off, buy a house with me.00:12:19:11 - 00:12:38:07UnknownI'm going to give you your movers. I'm going to give you the the whole process. I'm going to turn on your utilities for you. I'm going I mean, it's literally got to. You are no longer a real estate agent. You're fucking Home Depot, right? I love it. Well, and I like this idea that you got to create your own unit.00:12:38:07 - 00:13:00:22UnknownYou are. You're talking about your unique selling proposition. What is it different about you than the 5000 other realtors in your marketplace? And a couple of things that we've been talking to agents about is like you're saying buyer concierge services. And here's a classic example that most agents take a buyer, they meet with them, they find out their criteria, they plug it, and then their criteria list on their website, and then it just spits this stuff out at their buyer.00:13:00:24 - 00:13:16:08UnknownAnd the buyer every morning gets an email. Here's the five properties that match our criteria. Pretty soon, within about three or four days, it becomes noise and they're like, Delete, delete. Billy till they do what a great agent will do is say, I'm going to say to that list, but I'm in a curated. So every day you're going to get it, I'm going to get it and then I'm going to go back.00:13:16:08 - 00:13:31:06UnknownI'm going to give you the notes because I've already seen a lot of these houses. I'll tell you which ones, the Best Buy, which one we got to go see right now, today. So you can now going to get those notes. Now the notes become valuable. Now they come a lot because you're curating. That's a classic example of adding value to a system that's already out there.00:13:31:08 - 00:13:45:07UnknownYeah. And this includes having coffee ready in the car when you pick them up. Like that was a that was a must for me. I would bribe people with gifts, dinners, lunches, whatever, because as soon as I bought them something, I knew they're loyal to me and I used to pick them up, literally. I go, You're not driving.00:13:45:09 - 00:14:07:05UnknownI can't stand when agents like it. Follow me. No, the help get them in the car with you. That's when you're actually building your rapport with them and generating referrals off of the relationships they have access to. So, like, all of these things are such little big, big, big keys. Now, I don't personally, though, I don't see a buyer like, look where I'm at in California.00:14:07:05 - 00:14:22:24UnknownI don't see a buyer paying 3% of a purchase price to an agent at $1,000,000 like. So you're going to charge me 30 grand cause you can't finance that. I do think there will be a lender that comes out with financing rolling commissions and that's what content lenders like. Where are you guys at? Like, why isn't it hot out already?00:14:23:01 - 00:14:37:13UnknownYeah, but I believe that's what's going to be if, if you're listening, you're in the lending world, that's what I would be focused on. How do I create a product to finance buyers agent commissions? And then I'd go after every single buyer's agent in the world, and now you'll have all the business you need without spending a fucking dollar on a great.00:14:37:13 - 00:15:01:05UnknownYeah, that's got to be a product that's going to be rolled out for sure. That that will be the challenge and that's going to see commission compression. I bet you will see a lot of agents go to a flat fee and they'll say, I just charge five grand, I charge ten grand, whatever the number happens to be. That's going to be a conversation with every brokerage and every age in America is, first of all, as a broker, do we have a set standard like we're going to have a minimum standard in our office, just like we have a minimum standard, probably with seller listing fees?00:15:01:07 - 00:15:19:21UnknownAnd what's that standard going to be? Right. So we're all going to have to make these kind of really tough decisions here in the next probably six months to a year of how we're going to run our business and how we're going to what we're going to charge for buyer representation. I would focus on building options. Here's option one where you have like, you know, I'm barely working on your deal.00:15:20:02 - 00:15:38:07UnknownHere's option two that you got me mentally involved and here's option three Why? Well, if I can sleep until I get you what you want, right? And then you're going to have those different things. Now let's go to the brokerage. And because we're laying out what you should be building the environment for. Right? So like, if we're telling agents what what to have.00:15:38:07 - 00:16:05:11UnknownWell, here. Here you go, Mr. Broker. We know commission compressions real like we have a software we just released. It's called Suite Assist, and it's all about teams and brokerages. But a major portion of that are ancillary services and profit maximizers because we know this is coming. So we have relationships with vendors like solar, for example, handymen movers, where agents can make multiple streams of income around the transaction, because we already know that you're not going to getting the two and a half percent.00:16:05:13 - 00:16:24:11UnknownYeah, no, as a team or broker leader, what I'm doing is I'm filling up all of my affiliate and local vendors and service providers so that I could help my agents create a better experience so that they could earn that commission. They're going to charge the individual agent is very rarely going to put all this stuff together, the team leader or broker owner.00:16:24:11 - 00:16:43:14UnknownTheir responsibility is to do just that. You need to build the rest around. Your agents are going to cook in home. I love it. Love it. It's very similar what you're talking about with brokers already realized about ten years ago, some brokers, and that's why they added mortgage and insurance, some of them and title some of them because they saw commission compression at the brokers level.00:16:43:15 - 00:17:16:02UnknownNow we're going to see it more at the agent level and you're giving them a solution for that, which I think is absolutely brilliant. There's a couple and even in the lending world, this is the type of mindset you guys got to think, how can I monetize the things I'm already doing today? Yes, right. And like just in the just in the like the lending world, you can there's a million of these companies now and you could go out and get your MLO, your mortgage loan origination license and you could just refer the deal over to the lender and then you can make a rip off of that.00:17:16:04 - 00:17:31:05UnknownRight, right, right. So there is ways that you're going to have to look. And it's actually very healthy because whoever wants to rely on just one stream of income and I'm not talking about your going to get rich off the you're going to get you're going to have a couple dollars coming in from every which way you might sell a mover service.00:17:31:05 - 00:17:51:11UnknownRight. And but you might only make $100 off that move or service. But it's know it's on the books, but there's three or four other of those different transactions around the real estate transaction that you can absolutely monetize. And I think that's the going to be the future of of, of this business is you're no longer a real estate agent.00:17:51:11 - 00:18:06:11UnknownYou are like your Home Depot and you have to provide all kinds of services all around, not just the transaction of the House but the ongoing servicing of it. Yeah, hundred percent. And that and I think agents that do that are going to be more like the concierge anyway, which is what clients want. They want one stop shopping.00:18:06:13 - 00:18:30:08UnknownYep, for sure. So let's get into this here. I have a question I want get your opinion on this or I, I agree. I think buyers are going to like, do a flat fee type service, but I do think that in the way that I'm reading the lawsuit, you might know more about this tonight than me. You have a lot more insight in it.00:18:30:10 - 00:18:48:01UnknownTheir lawsuits aren't going to say that you can't offer a cooperating commission. No, They're going to say, like you, if you're offering a cooperating commission, you got to tell the seller straight up, hey, I'm going to charge you 4%, but I'm going to use like one and a half percent of that to pay out a buyer's agent to entice them to come get the house.00:18:48:03 - 00:19:17:00UnknownRight. Right. And in the event that buyer's agent doesn't sell the house, I not on my own, then I'll drop that percentage. But you're going to pay a buyer's agent to entice them. Is there any do you see any language that doesn't allow that? No. I think what would the the language of all the lawsuits that I've read and I've read them, I think all of them is that it's going to basically when you go to a seller, there's going to be a requirement that says, listen, Mr. or Mrs. Seller, you know, you can offer a buyer agent commission if you'd like to, but you're not required to if you do choose to offer one.00:19:17:05 - 00:19:33:21UnknownYou know, here's what's happening competitively in the market. But there's not going to be this situation where they're forced to offer one because of what's happened over the years, is that all these MLS is that are owned by realtor organizations, that that's been a requirement that you have to offer Vasya by raising commission. So you're going to see that go away.00:19:33:23 - 00:19:51:13UnknownI think that's inevitable. That's going to happen. The question mark really is will Sellers still offer a back when given the option not to? And that's a question mark. We just don't know yet. Yeah, it's going to be on how you pitch it. Yeah. Because what's going to happen is in the news media, they're going to pick up on this.00:19:51:18 - 00:20:09:17UnknownWhy would you ever pay somebody that to represent somebody that's working against your interest financially? And, you know, when people actually start to kind of think about that, a lot of sellers can be like, why would I do that? Why would I pay somebody to work against me? As makes sense? And that's that's the whole pitch. Yeah, it's interesting.00:20:09:22 - 00:20:26:15UnknownThere's so many different ways to spin it. Yeah, I could honestly see both. Like, I don't like the arguments, but I can understand where they're coming from. I don't doubt that it's going to cost lots of people that won't be able to get into a house because they won't be able to afford to pay an agent. So it's going to it's going to hurt the industry, in my opinion.00:20:26:17 - 00:20:53:17UnknownSo now let's look at opportunities, though, because let's be honest, like the the less agents are, the transactions are still going to happen with or without real estate agents. People move, right? So you're going to see a lot of agents probably leave the business. But, you know, and just think to yourself, like, how many times have you lost that one or two deals a year to like little cousin Billy who just got his license or ansu the blue haired realtor and invite her to do She is a billionaire, but she went got her real estate license because she just needs some to occupy her time with.00:20:53:19 - 00:21:17:18UnknownAnd every single year you lose a couple. Those are gonna be losing those deals. Yeah. As much anymore because there will be less transactions or I mean less agents and then it's just going to be. But I think that's what's coming, what's going to happen to Na Na is I'm in trouble right now because na with the settlements that are just they haven't been approved yet but with first of all Redfin bailed out everybody thinks Redfin bailed out because of the sexual harassment suits that are happening.00:21:17:20 - 00:21:35:13UnknownThat's part of it for sure. But if you look deeper into what's happening with Redfin and the reason why Redfin just bailed out Redfin resigned from the board of directors of an are because I refuse to give up on this back issue. And they said, no, we are not going to bend on this issue. And they said, if you don't get on this issue, we're bailing.00:21:35:18 - 00:21:53:01UnknownThey left the board and now they've left. You know, they're giving their agents. They haven't completely left, but they've given their agents the option of not having to be a member of M&A. Ah, but what a lot of people don't realize is in these two settlements now with anywhere they call a banker, think Sotheby's, you know, think these big major companies that are owned by anywhere.00:21:53:06 - 00:22:11:08UnknownAnd now Remax, both their settlement agreements also state that they're not going to require their agents to be in our members. So all the agents at these companies are not going to be required to be an NPR member. You know, are they going to stay or maintain their membership? Our brokerage is going to maintain their membership. The key component will be in their local MLS.00:22:11:08 - 00:22:29:02UnknownIs is it owned by NPR and are they required to be a member? In that case? So lots of fallout here happening. I definitely see many are under more pressure than I've ever seen in 30 years in the business myself. I've never seen it like this. The conspiracy theorist in me tells me this is a set up to get it out of the way so they could go to real.00:22:29:02 - 00:22:44:22UnknownWhat is step two in this whole entire situation? Because who's going to? There's no one left to lobby for the industry after Na's gone. I agree. I don't think many agents are going to be stay on as members because every agent always complains. I see on socials like, Hey, what is not even do anyways? What's the point of this?00:22:44:22 - 00:23:01:00UnknownRight? And that's not his fault for not creating a value, but that's sole purpose of we're talking about. If NA can't particularly value for their own agents, you have to create value for your own clients the same way. Otherwise there's no reason to work with you or be parties. So NA, pay attention. Listen to your own advice writer.00:23:01:02 - 00:23:22:18UnknownAll right, so let's look at this brokerage and let's go into brokerages and what they're doing. The listing agent side is there, but I think it's got to be ancillary streams of income. And then you got to look at different ways to make money. I do firmly believe every single real estate team or brokerage will end up being.00:23:22:18 - 00:23:38:08UnknownI think there's going to be a conglomerate of smaller entities as opposed to super large ones, or there's not going to be like a middle of the ground in. A lot of the smaller ones are going to be rehabs or investors themselves. That's going to be one of their profit centers. And they're they're just going to happen to own a real estate brokerage.00:23:38:10 - 00:23:58:22UnknownBut it's going to be something like that. And there's so many different ways to diversify your ends. What do you see out there and what do you what's your advice for brokers and teams and for the for brokers, their lifeblood and for teams? Frankly, too, if you got to be a great recruiter, right? That's what my brokerage coaching company, we're all about recruiting and retaining great agents.00:23:58:24 - 00:24:13:17UnknownBut if you're not a great recruiter, you're going to you're going to have a real hard time in this market because what recruiting does for you is it brings profitability back into the company. You've got ten agents that have left your last year. If you ever replace those ten agents, you just might have lost $100,000 worth of business net profit for your company.00:24:13:17 - 00:24:31:18UnknownSo you got a challenge. You got to replace those agents with great agents, and it's a shrinking pool. So that means you got to become an expert in recruiting. Absolutely, positively. One thing that I think is going to attract agents, you got to say what's going to attract an agent to my firm? The big thing over the last 20 years is, man, it's always commission splits, commission splits, commission splits.00:24:31:20 - 00:24:51:02UnknownAnd, you know, you definitely got to be competitive, no question. But what's more important than a commission split? And I this is what I got to drive home to everybody. What's more important than a commission split is helping agents close more transactions because 100% of nothing is nothing I can be closing two transactions. You're going to end percent and not make as much money as somebody closing 20 transactions or 15.00:24:51:07 - 00:25:18:19UnknownSo as a brokerage owner, team leader, I got to be able to demonstrate to agents, I'm going to help you close more transactions, bring more money home to your family. I'm going to show you how I'm going to do it, either with playbooks, with strategies, with technology. One of the my favorite things of the agent that brokerages should be doing is actually and team leaders actually starting to think of themselves as a lead source for their for their agent body and saying, I'm going to go create the leads as a brokerage owner or team leader.00:25:18:19 - 00:25:36:24UnknownI'm going to hand them out. Even if there's a fee attached, these agents, the agents will pay the fee all day long and they'll be excited to work for you. And they will never go anywhere if you're able to generate leads. So I think the new paradigm for a lot of these brokerages that are going to be successful and team leaders are I've got to be the marketing company, the branded company.00:25:36:24 - 00:26:00:21UnknownI got to go after these leads and deliver them. That's why. Yeah, I 100% agree you're going to. Yeah, the agents are your clients. Yeah. You're going to have to create trainings for them. You're going to have events for them. If they have socials, you got a sales meetings, but yes, you're going to have to create business or systems for them as well, because you can't, as most agents aren't business people like.00:26:00:21 - 00:26:20:00UnknownAnd this is no knock on anybody like you got in the real estate. That is a good idea and whatnot. But mostly all are entrepreneurs like that. That's just and this is an entrepreneurial space and that's not a bad thing or not. But if you're not that visionary or you're not that entrepreneur, then you join a team and you plug right in there and then you become part of that, right?00:26:20:02 - 00:26:41:12UnknownI hundred percent agree on the on the lead. You're going to have to do something to encourage increase of business, increase production. Yeah. What about what do you see happening with this is something I've noticed firsthand is like over the last few years we've seen a lot of the export of the world now Reals and others. LPT There's Exit Realty.00:26:41:12 - 00:27:02:05UnknownI used to be a broker owner of back in the day or the first commission multi level marketing company right but a lot of those I've seen like if people who left like our broker here in San Diego, like I said I'm coming back to because their downloads are down, like their downline still has to create production, right?00:27:02:05 - 00:27:21:16UnknownYou still have to have closings for it to work. What do you see in Across the Edge? And then as a broker owner, what do you think is the opportunity there? I think that the virtual hybrid model is is definitely a viable model. I think the idea that I'm going to recruit, shoot instead of sell real estate is a flawed model.00:27:21:22 - 00:27:50:13UnknownI thought you first, if you're going to be in real estate, have to sell real estate. And I think that big sell to all these agents out there has been detrimental to the industry and detrimental to them personally because of exactly what you're saying as their downline collapses and it will collapse with agents that have been doing one or two transactions are going to exit the business, then then you've got a problem because now their income stream has gone in half or to a third or to an eighth of what they were getting before and they forgot how to sell real estate because they've been so focused on recruiting.00:27:50:19 - 00:28:08:04UnknownThat's a problem. I think, you know, hybrid virtual is great model. You can cut costs and there's some advantages to that. But I think more importantly, you've got to train agents how to sell real estate and build and build a viable business. That way, if you can come in, it's coming back. Yeah, that's the basics. The fundamentals and the basics.00:28:08:08 - 00:28:28:12UnknownIf you if you just apply that same model and you said, what if we apply that model to attorneys, would that work? It wouldn't work in any other industry. It probably wouldn't work very well. Right. And it doesn't work long term for realtors either, I don't think. But my personal opinion, I agree. Yeah, it's interesting to do that in the attorney world.00:28:28:14 - 00:28:45:01UnknownSo the top three, if I'm a broker owner, what I'm hearing you say is you got to focus on agent problems. First one is production. You have a second one is is education and leadership. Right? What do you do in this type of market? Well, you've never been here before. These are all opportunities, right? Like you guys can be having training events.00:28:45:03 - 00:29:05:05UnknownAnd I love leading with education. I think that's the ultimate way to you have to recruit. I've always said that is when people show up to your education events, they're asking you to be recruited because they're looking for help and they might not know it yet, but they're there for a reason. Right? And if you're the one and you become that shining light on a dark day, well, you just made the job 99% easier.00:29:05:07 - 00:29:21:12UnknownRight. And I think what people will really buy into is culture, too. They want a culture of growth. They want a culture of excellence. They want a culture of leadership. When you have leaders that are walking around kind of with their head in the sand, they're not addressing the current problems. They're just saying, wait until, you know, I'm hearing this big thing now, you know, stay alive till 25.00:29:21:12 - 00:29:42:14UnknownThat's just an excuse. What do you need in 2025? You're going to go broke, right? That's terrible. People are saying that. Oh, I hear that all the time. Stay alive for 25. Terrible. It's almost like date the rate, marry the house type thing. I couldn't stand that one man thought about it. Saying that makes you go nuts. That was it for me and people I agree with you.00:29:42:14 - 00:30:00:19UnknownPeople want to be rescued and you got to be able to be the one that's running the ship that can rescue people and say, how can I rescue them? What's the hottest topics on my market? Educational events also being super present and like you've been coaching for years and years on social media with video content and educating people through video chat as well.00:30:00:21 - 00:30:20:01UnknownI'll tell you what doesn't work. I'm going to give you two things that doesn't work, in my opinion, is you got a lot of people that are hired ISS to cold call recruits. Terrible idea. You're never going to get great agents cold calling with ISIS from wherever part of the world. And the second thing is just relying on social media alone to recruit or putting ads on.00:30:20:01 - 00:30:36:04UnknownIndeed. But you got to look at yourself is as like an NFL, NHL, you know, NBA team owner. And that's the way I recruit is if I'm recruiting the best people, the LeBron James of the world, that means I got to get on the phone. I got to have a conversation. I've got to have a meeting, probably several meetings, and I'm pitching.00:30:36:04 - 00:30:57:03UnknownAnd that's where salespeople are the other day. And when you kind of turn your attention as a brokerage owner into I'm a salesperson selling my company, you're processes will change and you'll get better in recruiting. I like it. And you guys got to be loud. This leadership is probably the would you agree? Leadership right now is the number one thing you could be doing.00:30:57:03 - 00:31:17:20UnknownSo if you're that broker owner like you have to be creating videos, you have to be on social media. And even if your bottom line is hurting, fake it till you make it right now because it won't be long. You need to get out there and be loud because I think people are just looking for that leadership. Yeah, and it sounds a lot simpler than it sounds so simple, though, Jim.00:31:17:22 - 00:31:33:11UnknownIt is. I mean, it's just exactly what we tell our agents to do. You got a prospect every day. We got to recruit every day. You on the phone, five calls a day. You know, from my experience, five calls a day, one appointment, five appointments equals one recorded agent. So I'm just going to I got to get the path is in the math, right?00:31:33:14 - 00:31:48:13UnknownThe fortunes and the follow up what eight what brokerages do is the same thing agents do. We procrastinate. We don't do what we're supposed to be doing, and then we wonder why we're going broke. We got to figure it out. We got to say, Hey, I'm going to take and apply the same standard. I coach my agents to prospect.00:31:48:15 - 00:32:12:06UnknownWe generate follow up, you know, I agree. Jim, any closing thoughts here? You want to provide to agents or broker owners? I think broker owners, the one thing I'd say look at this is the probably the best period of recruiting in the last ten years. This is a wide open window for you to recruit the best agents in your market, bring them into your fold.00:32:12:08 - 00:32:33:13UnknownIt's an amazing opportunity. Look, specifically, if you really want to go for it, look at teams and a lot of these team members that are on a team are suffering. They're really suffering and they're great agents, but they're suffering and they're there at subpar commission splits. They're not getting leads. They used to great opportunity in teams also second, second opportunity, huge opportunity is brokerage acquisition.00:32:33:13 - 00:32:51:06UnknownAnd when I say acquisition, I thought you you're writing a check but that they're walking their agents over to you and you're giving them ten, 20% off the all the agents they bring over the next couple of years. It's a walk over. Huge amount of walk overs are going to happen over the next 12 months. Massive amounts of companies are going to fold up shop, don't let them fold up shop and close their doors.00:32:51:12 - 00:33:08:20UnknownBring them under your under your under your fold. Lots of communication about that with agents at the end of that buyer presentation, what would you look for? That's a really good point. M&A is guys. Yeah, because people aren't going to there's an ego thing there. Yeah, right. And you got someone who had a shop, but the reality is it's not doing as well.00:33:08:22 - 00:33:25:11UnknownThey don't want to shut it down now because I going to feel like a failure. Right. But they want to keep it going and figure out a way to make income and you can absorb them, bring them into your mix. And what what are the signs of finding a brokerage that's ripe for an M&A? It's studying. You got to know your market stat.00:33:25:11 - 00:33:45:15UnknownSo I'd be watching where you where the all the companies are in the marketplace rank them you know, top 50 companies and watch their production numbers We're watching in our market and we've just seen there's like a one and two, we're number one. We got a number two behind us. But then you go down to three and four and five and six and it's like 50% down, 50% down, a 2% down.00:33:45:17 - 00:33:59:23UnknownAnd it these companies that are 50% off or more than last year, they're already losing money. It's just a matter of how much per month And what's the bleed for them. The key thing is you just got to open the door. And the way you open the door is you just invite those people to lunch coffee and just say, Hey, we've admired your company for years.00:34:00:00 - 00:34:16:13UnknownI just want you to know that the door is open. If you ever decide to make it, make a change, exit anything like that. Please be the first person I talk to. They're going to say no initially because it's because it's an ego. But within 3 to 6 months I'll be calling you. Very good. Especially if you're loud.00:34:16:15 - 00:34:33:05UnknownStay in front of them just same way like we do with clients, right? Yeah. They're. They're a good stuff, too, folks. This isn't doom and gloom. There's a lot of opportunity. I know it might be a little rough right now, but it's what do during the times of the hard that make into the times of the good and the people who put their head down right now.00:34:33:12 - 00:34:52:04UnknownYeah, you might take a little bit of an income here for the next few months. That's fine. Okay. But you're you're building a brand right now, and the one who's standing at the end of the day is the one who wins. And I always like to tell people, and you guys with this, don't be the the hare, be the tortoise.00:34:52:04 - 00:35:20:13UnknownThe tortoise look nice and slow. And they won the race because they're consistent. Went back to the basics. Just went left foot, right foot, left foot, right foot, left foot, right foot. Did it take shortcuts and try to do this and try do that? And at the end of the day, who wanted to embrace the tortoise? But so you got to go back to the basics in these times when openly if I'm going to summarize the call today, one is leadership honor percent two as systems stack in your offering on behalf of your agents, if you're an individual agent, you stack your offering and create value.00:35:20:19 - 00:35:41:01UnknownIf you're the broker owner, you need to create value for your agents because you got to assume that they're not going to do it on their own. Lead generation systems to enhance business for brokerages, for their agents, and then ultimately leadership. No one's been here before, guys. If you've been in this market, you have a skill that most people will listen to right now.00:35:41:03 - 00:36:00:00UnknownIf you've been in the last year for those you in oh seven, oh eight or nine and ten days, you got to bring those stories back up. Yeah, but what you did, because that's what people are looking for, looking for that experience. Any additional closing thoughts? You know, I think I think you're exactly right. And bringing some positivity and some light to your agents.00:36:00:00 - 00:36:15:13UnknownPeople want a positive person and that's going to attract agents. You have think of how am I attracting people, going to attract people to your positive messaging every day? It's not negative, it's positive. Don't look at the challenges, look at the opportunities. Every single thing as a silver lining. And we're putting those silver linings out to our clients and our agents all the time.00:36:15:15 - 00:36:30:14UnknownLove it. Love it. Thanks, dude. I appreciate your insight and we appreciate you listening. Another episode of the Estate Marketing Do podcast. Folks, if you're looking to build your brand, stay in front of that database in a very nonchalant system and create ancillary streams of income and your broker owner, or if you're an agent, you can check out suite assist.00:36:30:16 - 00:36:47:02UnknownSo yes, this is a true all in one platform that helps you manage your entire office, but more importantly, it gives your agents a marketing system to stay in front of their database effortlessly, and it gives you the infrastructure to create additional streams of income to adapt in today's current market conditions. So we'll see you guys out next week.00:36:47:02 - 00:37:13:16UnknownSo appreciate you. See you later, Mike. Thank you for watching. Another episode of the Real Estate Marketing Do Podcast. If you need help with video or finding out what your brand is. Visit our website at WW dot Real Estate marketing do dot com. We make branding and video content creation simple and do everything for you. So if you have any additional questions, visit the site, download the training and then schedule time to speak with the dude and get you rolling in your local marketplace.00:37:13:20 - 00:37:16:15UnknownThanks for watching. Another episode of the podcast will see you next time.
Welcome to a crucial episode of "Loan Officer Training" where we unravel the fundamental aspects of obtaining a Commercial Property Loan.In this installment, we delve into the essential elements that form the foundation of securing loans for commercial real estate ventures. From the prerequisites to the application process, and understanding the key components that lenders look for, we're here to break it down into manageable and comprehensible pieces.Tune in to gain the essential knowledge and insights to navigate the world of commercial property loans with confidence. Let's demystify the complexities and empower you for success in the lending industry.Join The Mortgage Calculator at https://themortgagecalculator.com/joinCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Welcome to a knowledge-packed episode of "Loan Officer Training," where we unravel the intricacies of "Blended Rates for 1st & 2nd Liens." Understanding blended rates and how they come into play with both first and second liens is crucial for loan officers. In this episode, we break down the concept, explore how it impacts loan structures, and discuss the strategies that can be employed to optimize these rates effectively. Tune in as we demystify this financial tool and equip you with the insights you need to enhance your lending strategies. Let's dive deep and elevate your expertise to better serve your clients in the dynamic world of loan origination.Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...
Från 2013. En man hittas död i Keillers park i Göteborg. Bredvid kroppen ligger en keps som tillhör hans pojkvän, som först grips men sedan släpps. När genombrottet väl kommer får polisen en inblick i en av 90-talets alla extrema grupperingars kultur. Nya avsnitt från P3 Dokumentär hittar du först i Sveriges Radio Play. Inom black metal handlar det om att vara true, äkta och mena det man säger. Och den nya satanismen är en livsstil. En livsstil som innebär att bejaka det onda och förkasta samhällets konventioner.Den satanistiskt orienterade gruppen MLO, Misantropiska Lucifer Orden, pratar om att offra människor till Satan och planerar kollektivt självmord. Och när polisen till slut hittar de unga förövarna frågar man sig: är det ett hatbrott mot en homosexuell eller är det ett satansoffer?Dokumentär av: Ida Lundqvist.Publicerat: 2013.
Successful business operators reinvest revenue back into their company. As an MLO, it is highly suggested that 10% of your annual earnings is reinvested back into your business. For some, it all goes into marketing. For others, it all goes into coaching. And then there are those who pay for every tool offered. Our suggestions a combination of the three. Tune in to hear D.O. describe some of his favorite tools for mortgage loan originators, how he uses them and why they are important.
In this podcast episode, Keith Weinhold discusses the benefits of investing in stable property markets, the risks and benefits of taking out a second mortgage on a property, and the potential impact of remote work on the real estate market. Weinhold also touches on the performance of stocks and other asset classes in the first quarter of the year, highlighting the drawbacks of savings accounts, CDs, and money market funds, and suggesting that investing in real estate can be a better option. Overall, Weinhold emphasizes the importance of investing in stable markets with high rent ratios and strong landlord tenant laws. **Real Estate Prices [00:03:39]** Discussion of the current and future direction of real estate prices, with a recap of the benefits of investing in real estate. **Tapping Equity [00:04:50]** Explanation of the problem with tapping equity and the risks of taking out a second mortgage on a property. **Second Mortgage [00:05:43]** Explanation of how to add a second mortgage onto a property and access cash without refinancing the entire loan, with details on the 80% combined loan value ratio. **Risks of Second Mortgage [00:07:49]** Discussion of the risks of taking out a second mortgage, including interest rate fluctuations and the potential pitfall of borrowing short to go long. **Second Mortgage Benefits and Risks [00:09:51]** Discussion of the benefits and risks of taking out a second mortgage on a property for investment purposes. **Current Direction of Home Prices [00:12:09]** Analysis of the current direction of home prices in the resale market, including a survey of resale agents and national existing home prices. **Regional Real Estate Market Performance [00:18:00]** Discussion of the stability of regional real estate markets, with a focus on the southeast and midwest, and the importance of stable prices, high rent ratios, and strong landlord tenant laws. **WFH Trends and Regional Real Estate Markets [00:20:24]** Analysis of the potential impact of work from home trends on regional real estate markets, including an increase in flexible job postings in major cities. **Virtual Real Estate Investing [00:25:02]** Discussion of the recent failures of metaverse projects and the risks of virtual real estate investing. **Factors Affecting National Home Prices [00:26:15]** Explanation of the headwinds and tailwinds affecting national home prices in 2021, including bank failures, job loss recession, labor and supply inflation, spring home buyer demand, and the supply crash. **Mortgage Rates [00:30:20]** Explanation of the difficulty in predicting mortgage rates and the lack of forecast for their direction. **Various Asset Classes Performance [00:32:17]** Discussion of the performance of different asset classes in Q1 of the year, including precious metals, savings accounts, and real estate. **Benefits of Investing in Real Estate [00:35:14]** Real estate investing as a way to beat inflation and transfer prosperity from dollars to property, with the added benefit of control and potential for five ways of profit. **Reasons to Invest in Residential Real Estate [00:36:27]** Advantages of investing in new or renovated residential real estate, including low maintenance expenses and potential for no capex expenses during ownership. **Expectations for Real Estate Market [00:37:33]** Expectations for the real estate market in the next five years, with a caution that the historically high price run-up may not be repeated. Resources mentioned: Show Notes: www.GetRichEducation.com/444 National existing median home price: https://fred.stlouisfed.org/series/HOSMEDUSM052N National median home price (existing & new): https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that cash flows from Day One: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com 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 Keith's personal Instagram: @keithweinhold Welcome to GRE! I'm your host, Keith Weinhold. Would you rather be age 18 and poor or 80 and wealthy? Learn about how a second mortgage could benefit you. Historically, what REGIONS of the nation have the most stable and volatile real estate prices? Then, there are two ominous threats to FUTURE property prices. All that and more, today, on Episode 444 of Get Rich Education. Welcome to GRE! From Orange County, Florida to Orange County, CA and across 188 nations worldwide, I'm Keith Weinhold, this is Get Rich Education. Last week marked 50 years since the first-ever cellphone call was placed. The call from the 2.5-pound brick-sized cellphone was placed in NYC - Manhattan. That phone could NOT fit inside a standard pocket. Sheesh! Look, I won't even use a case on my iPhone today because I'm concerned about the weight and friction and it would add! I want it light and I want to be able to quickly slide it in & out of my pocket. Ha! Well, I've got a more significant trade-off for you to consider. Would you rather be age 18 and poor or age 80 and wealthy? I think you and most everyone would rather be 18 years old and poor rather than 80 years old and wealthy. I am pretty confident that you & I agree on that. Well, if you'd rather be 18 and poor, then why would you go to a job to trade your time for dollars? Because that's exactly how you move away from 18 and poor straight toward 80 & wealthier but probably 80 & still less than wealthy. Why would you make that trade? Even if you love your job - if it's not the activity you'd MOST want to be doing out of anything else in the wide spectrum of life, move away from 18 & poor? Well, time is going to pass one way or the other, but you can win back your time & end up wealthy rather than “somewhat less than wealthy”... …when you provide value for society by giving them housing, getting paid 5 ways at the same time, one of which includes a MOSTLY passive income stream, trading relatively little of your life time all the while. That's why we do here. That way, you're not quite going to be 18 & wealthy, but wealthy when you're young enough to enjoy it. Over the last three years, property prices are up 30 to 40% in a lot of markets. We're going to look at the current & future direction of real estate prices in a moment. But let's talk about what you can do with this… what you can do with that dead equity in your properties. America has near record-high equity levels right now so this is really timely here. But there's a bit of a problem with tapping your equity today. Before I get into that, just a recap minute here… Of course, as any longtime listener knows, since the rate of return from home equity is always zero, you have a chance to harvest your equity. Having, even an extra $1,000 of equity in any property, including your own home, is like making an extra principal payment of $1,000. Doing that is like you saying, “Hey, Mr. Banker. Here's an extra $1,000 principal payment. Don't pay me any interest on it. If I need it back, I'll pay you fees, and I'll try to prove to you that I qualify again.” That's the short story on why home equity is unsafe, Illiquid, and its ROI is Zero. OK, but if you have a mortgage loan that's set at just 3 or 4% interest, are you really going to refinance that whole loan just to pull some money out - just to convert some equity to cash? Because if you did, your mortgage rate could go up to 6 or 7%. So accessing equity isn't as great as it used to be. Ah, but there's a way around this. One your, say, property at, say, Huckleberry Lane, you could keep your existing mortgage in-place at that low 3% or 4% rate, and potentially add a second mortgage onto Huckleberry Lane - and only that second mortgage is at the higher rate. The first loan stays in place and so does its amortization schedule. Now, if your Huckleberry Lane property is worth $500K, you can often have 80% of that, or $400K borrowed, that's that 80% combined-loan-to-value ratio. That means that the amount of cash that you can get your hands on is $400K minus your mortgage balance. That's why a lot of property owners are able to access, often, $100K or more cash, without touching their low first mortgage at all. Get $100K cash out - or whatever you have access to - it's not providing you with any rate of return anyway. Though you can often borrow out up to 80% of your primary residence's property value, the deal isn't as good as far as getting second mortgages on your rental property. Second mortgages on a rental are, sometimes available, sometimes not. When they are, it's recently been just up to 70% that you can borrow out. Now, as good as this might sound, it doesn't mean that you SHOULD do it. What are the risks with taking a second mortgage on your home or rental properties? Well, some second mortgages take the form of a Home Equity Line of Credit - or HELOC. The interest rate on your HELOC can fluctuate, so there's interest rate risk. Most HELOCs have a fixed rate period for the first 5 or more years though. Before I talk more about the risk of a second mortgage, it's just amazing - the number of people that I run into out there - most of them aren't REIs - but homeowners that are elated that they got a low mortgage rate 2, 3 years ago (and they should be - congratulations)... but they want to tap their bloated home equity and don't know about adding a second mortgage. Now, a risk with a second mortgage is the potential pitfall of borrowing short to go long, meaning your HELOC rate resets in a little as five years - it could go down when it resets and it goes up, and at that time, you're not liquid enough to deal with the second mortgages higher payments. Now, I know, it's exciting about getting into more income property, using dead equity from your own home or your own rentals - because it's “Real Estate Pays 5 Ways” stuff. You might tell yourself, that when you add up a 5 rates of return from investment property - appreciation, cash flow, amortization, tax benefits and inflation-profiting, that you can surely see a total rate of return on your new rentals of 20% or 30% or more. So if your second mortgage has an interest rate of 7 or 8%, you'd do that deal and pocket the spread. Yes, it sure might work out that way, in fact, there's even a probability that it could work out that way. But the risk is that you've got to stay liquid enough to service the debt if your second mortgage rate rises or any other reason. And you might be just fine. You might have enough cash flow or cash stored that you're padded, you're fine… and your underwriter might help you look at that during your second mortgage qualification. You might ask Ridge Lending Group or your favorite lender about second mortgage options. So, now you know. A second mortgage can keep up your velocity of money. There are benefits and there are risks. Utilizing it successfully looks something like this. You start off with 50% equity in one property, which is 2:1 leverage, you move some of that into a second property. Now you've got 25% equity in both. You've done MORE than double your wealth-amplifying ability here. You've virtually 4Xed. Because rather than having 2:1 leverage in one property, you've got 4:1 leverage in two properties. That's how wealth is BUILT. Let's talk about those ERSTWHILE home prices. There are at least two ominous threats to future home prices. And now that it's Spring and market activity picks up, what's the CURRENT direction of home prices? Real estate can move slower than glaciers, so March numbers are still scarce. Home prices in the resale market - alright, that means existing homes, not new-build - those resale prices have stayed remarkably resilient, even when mortgage rates jumped up back in February. John Burns REC compiles a chart for the latest survey of resale agents. The question that was asked is: “What direction have resale home prices moved in the last month?” The national survey respondents can pick that prices are either MOST INCREASING, MOSTLY DECREASING, or MOSTLY FLAT. This February, for the first time since May of 2022, more said that home prices are "mostly increasing" rather than "mostly decreasing": Note though, that most of the agents in the latest survey show that prices are merely steady at 51%. 26% said “increasing” and 23% decreasing. Credit to JBREC. This is a national survey of ~2,600 resale agents. Now just from this chart and THESE stats, note something interesting. October 2022—appears to be housing's low point. That was then, six months ago—marking housing's recent low point. So, that's a different angle on looking at home prices than usual - asking agents what they're seeing. National existing home prices, per the FRED stats, month-over-month are up just a little, from about $361K to $363K. Again, that's through February. Seasonally, that could go up more. That typically happens each year when spring transitions to summer. There's a good chance that national homes prices will be rising these next few months. If you think that those prices sound a little low, be mindful, this entire discussion, so far, is about EXISTING homes aka resale homes, which tend to be priced lower than new construction homes. If you combine both existing & new, same source, $468,000 is the national median home price. That was the same quarter-over-quarter. Same source too. It's always important to cite the source when it comes to statistics. You know, some say the 1990s are when America moved into the Information Age. But, at some point, in the 2010s, did we move into the DisInformation Age? I don't know. There's a lot of both out there - a plethora, a profusion of both information and disinformation. Some of these niche finance social media pages don't cite their sources, and more often than not, I don't follow them or I unfollow them if I find that they regularly don't cite source. The other type of story that I unfollow or just stay away from, are article headlines or images with the word “Rumor” in it. I don't want to follow Rumors. Now, I guess, in the best case, a rumor could turn out to be true and maybe could give you a heads up on something that actually turns out to come true later. But, the world is full of real information. I don't want to spend this one finite life I have on earth catching up on rumors. It's more sports sites that use that word rather than finance sites. Rumor is just an annoying word, I guess. It's a synonym for “gossip”. Hey, the real estate investing and personal finance world has its own quirks and odd spins on words. One thing I haven't been able to figure out is how a guru is bad and an obsession is good. Some people disparage thought leaders and influencers as gurus. Guru means an influential teacher or an expert. That sounds like someone worth listening to to me. How are obsessions good. Some say, to succeed, you've go to be obsessed. No, you don't. That sounds unhealthy. The definition of obsess is to preoccupy or fill the mind of someone continually, intrusively, and to a troubling extent. Don't fall into the trap of an obsession. Well, to recap what you've learned today on Get Rich Education Episode 444 (ha!) rumors and obsessions are bad, and gurus are good. Enough digression. Getting back to real estate investing. Like I said at the beginning of the year, I don't expect much national HPA or price declines this year. But regionally, the markets that we focus on here - the ones in the Southeast and Midwest and a little in the Northeast, have all performed well. Many - even most - in our target markets appreciated in 2018 & 2019 & 2020 & 2021 & 2022 & they're continuing to do so now. Many Florida markets are still seeing 10%+ appreciation. We're talking about those stable markets, avoiding the volatile, largely coastal markets where prices are sinking, especially on the West Coast. As I've long discussed, one reason that we invest where we do are for their stable prices, even during downturns. Backed by historical data, American housing's long-term regional price volatility is broken down like this: The most stable markets are in the Midwest and the Inland Northeast. The medium volatility markets are in South And the highly volatile markets, which we avoid are in the West, and the Coastal Northeast - like NYC and Boston. I'm going to guess that you've never heard regional home price VOLATILITY described before. Now, you might wonder, if the Inland Northeast tends to have more stable, long-term pricing than the South, why don't we favor it more than the South. Well, stable prices are important. But having high rent ratios and having strong LL-tenant laws and high in-migration make the Southeast a strong investment area. Of course, when I describe regions this broad there tend to be some outliers and exceptions. Now, it's going to be interesting to see how America's regional pricing level AND its level of stability changes over time. That is set up to change at a faster pace, and you might know why that is - why these geographic regions could see, really more of an amalgamation of characteristics and that is due to… you MIGHT know what I'm going to say. WFH. That actually is not an initialism or acronym for some kind of thinly veiled profanity. It is work-from-home. The rise in Work From Home Trends could really start to blur these lines over time. Now, it would be a trend that moves slowly. But consider, that, in January of 2023 six times more work was happening remotely than it was in January of 2019, that's according to a company called WFH Research. In fact, in major cities like New York and Chicago there are now more job postings for flexible arrangements than at any point during the last three years, according to the NBER & Bloomberg. Now, that's of less concern to you, the residential property investor. It might just be an interesting trend and create more demand for your product - HOMES! But it could very well put downward pressure price pressure on higher-priced areas like Manhattan, Brooklyn, and San Jose… and more upward price pressure on those lower cost areas where you & I tend to buy property. But with more Americans working from their homes, it is bad, bad, bad for downtown commercial landlords and some central business district companies who survived the 2020 lockdowns… but STILL haven't fully bounced back three years later. Gosh! GetRichEducation.com is where you can learn more about how to invest in real estate the right way, the profitable way - with articles that I write myself, and our videos and more. It is all free. If you would like to contact us, with a question about the show, you can do so at GetRichEducation.com/Contact More straight head, including two ominous signs for the future of the housing market. I'm Keith Weinhold. You're listening to Episode 444 of Get Rich Education. ______________________ Welcome back to Get Rich Education. I'm your host, Keith Weinhold. We are keepin' it real here at GRE. Building real wealth in the real world with real estate. See the, uh, emphasis on the world “real”. Back in December, on Episode 427, you'll remember that we did a show devoted to Metaverse Real Estate Investing… and the consensus of the guest & I were that it is risky and in most cases, ill-advised to get involved. Well, it was recently announced that both Disney and Microsoft have shuttered their metaverse projects. Popular virtual worlds have seen steep drops in interest, with the median sale price of real estate in Decentraland plummeting 90% YoY. You know, with the real thing, even if your real estate lost value, which isn't common, it can't go down too far. You've still got the value of the land underneath it and the value of all the materials that your property is built with. What about national home prices for the rest of this year? Of course, it's always a little odd to discuss national home prices with the tens of thousands of US markets. It's kind of like coming up with a national weather average. Here are the MAIN factors governing national home price direction this year. The headwinds to price growth - the threats are #1: 1 - We had banks fail early this spring. More regional bank fallout could contribute to tightening lending standards. Tightening lending standards would mean that fewer borrowers could qualify, and that could reduce demand. Reduced home demand is NOT good for prices. So that's ominous housing threat number #1. But even if that happens, regional banks are often making COMMERCIAL real loans. The government-backed loans you're getting for residential are more desirable - we're talking VA, FHA, rural housing mortgage, and conforming loans that are sold to Fannie Mae and Freddie Mac - which are often those types that you're getting for 1-4 unit income properties at GRE Marketplace. All government-guaranteed stuff. The second substantial threat to some good home price appreciation this year is that there is a small chance of a big "job loss" recession. With it being over a year since the Fed started raising rates, there is a lag effect and we should some at least a few more job losses as we head toward a likely recession. They are the two ominous threats. The tailwinds to price growth - these are the strengths for rising home prices, there are 3. The first one is that labor & supply inflation remains elevated, and well, that obviously keeps upward pressure on home prices. The second positive, or strength for home prices is - like I touched on earlier - increasing spring homebuyer demand hasn't been factored into the numbers yet - and that always boosts prices. And then the third strength and underlying factor to boost home prices this year is really, what I've called “the crash” which has caught some people off guard. Yes, this generation's housing crash ALREADY happened. It is that SUPPLY CRASH of about 60% in available American homes to buy. We have such a low housing supply, like we've discussed in-depth elsewhere on the show so I won't elaborate on that, but that changes nearly everything and it is one reason that home prices are still so resilient today. Still more demand than supply. National home prices have begun heading up a little, and there are a few more opportunities than there are threats that prices should keep rising, but I don't expect any huge gain, like no 10% gain nationally this year. I don't see how that can happen at all. Now, you'll notice that, mortgage rates, - I didn't put them into either category - either the upcoming housing threats or strength and that's simply because we don't know where mortgage rates are headed. They're so hard to predict so that's why I'm not forecasting where I think that mortgage rates will go. You know how when you're under contract to buy a property and you & your mortgage loan officer are having that strategy session on WHEN you want to lock in your rate. At least one time in your life - and I sure have in mine - you're tempted to ask your MLO where they think rates are going… well, like I said, they're just really difficult to forecast. Your MLO often doesn't know where they're going to go. Do you remember, last year, or I sure do because I follow this stuff closely, the number of people and professionals that said mortgage rates would be 8 to 10% by Spring of 2023? Yeah, quite a few people said that emphatically. They're about 6.3% today. Before I get back to real estate, the quarter recently ended so let's whip around the asset classes like we do sometimes at quarter-end. Tech stocks got a boost in the first quarter, that helped the S&P be up 7%. Stocks of the tech giants that are leading the charge in AI-powered search, Microsoft and Alphabet, outpaced that. Meanwhile, the second- and third-largest bank collapses in US history happening within 48 hours hurt bank stocks. Bitcoin was up 72% in Q1. Do we say that crypto winter is over when bitcoin hits $30K? Oil prices were flat, beginning & ending the quarter at around $80. Gold was up 7%, partly due to the bank failures. Silver rose 4% for the quarter. You know what's been a really bad investment for the last decade, despite all the good things that you hear about its promise - investing in physical silver. You read that there's now more silver above ground than below ground. 10 years ago, silver was worth $25 dollars an ounce and it's still worth… $25 an ounce. That's even worse than it sounds to laypeople. If you've held any investment for 10 years like that and it's worth merely the same amount of dollars, inflation just chomped about half of it away. We might have had 40 or 50% or more real inflation in the last decade… and silver bars didn't pay you an income stream during that time either. What a poor performer! Though I think that SOME precious metals can still be a good STORE of value. That was whipping around the other asset classes in Q1 of this year. One place to park your money that is NOT a good store of value is… savings accounts and CDs and MMFs. Their interest rate, though it might feel good getting paid up to 4% or 5% on those, it ensures that you're losing prosperity every day… because CPI inflation is higher than that, and then the real rate of inflation is higher than that yet. True inflation might be double your savings account rate. Instead, the smart money BEATS inflation and all the time, a little more of the smart money is GETTING OUT OF DOLLARS too with these rising concerns about foreign nations doing more of their business in yuan or another currency outside of the petro dollar. The dollar is currently under a lot of stress, besides just the inflation. Dollars in savings accounts & the like… don't just lose to inflation… they're actually keeping your prosperity denominated in dollars, which a growing chorus feels precarious about right now. Is the dollar about to lose its world reserve currency status? I don't know. I think people having been calling for that since shortly after Richard Nixon took us off the gold standard in 1971. Instead, what about a fully renovated or brand new investment property, with a rent-paying tenant placed and its all under professional management for you. That way it's low hassle for you, yet because you own the asset directly, you have the CONTROL without the hassle, and you're often paid those five ways. This way, not only are you getting out of dollars with your down payment - another way to say it is that you're converting your dollars into real estate… Then on top of that, when you borrow the dollars for 75 or 80% of the purchase price… you're getting out of dollars so much that you've essentially fund a way to go negative with your dollar position on that property. When you buy through our network, since the property is new or renovated, you should often expect little or no ongoing repair or maintenance expense in the early years. And here's the thing that some investors overlook. You may not have an CapEx expense at all. Those big capital expenditures like a new roof or windows or a furnace. That's because when you buy new or rehabbed and you consider that your hold time often isn't more than 7-10 years due to equity accumulation and leverage ratios, as you lever up into another property, you can leave the Capital Expenditures to the next buyer when you sell. So, these are some reasons why buying residential real estate makes a ton of sense in this environment. Will these next five years be as lucrative as the last five years? No, I really wouldn't expect that - that's because of the historically high price runup these past few years. But I still cannot think of a better place to be than that strategically-chosen real estate. You can go ahead and get started looking at some properties in markets and connect with our free investment coaching there if you so choose. That's all at GREmarketplace.com Hey, I really had a great time chatting real estate and everything else with you today. Until next week, I'm your host, KW. DQYD!
Albert Preciado is the Founder and CEO of The Mortgage Guys, Ambiance Realty, and Driven Enterprises. Albert is also a Real Estate Investor. In 2013 Albert bought a 3-unit property, and like everything else Albert does, he went all in and acquired as many multi-units as possible. This would end up being a Life Changer. Albert's original company was The Mortgage Guy, and after mentorship sessions, the company's name changed to The Mortgage Guys. This was another Life Changer. Albert has been in the mortgage industry since 2005; he is a licensed Broker and Mortgage Originator. Albert went through the toughest times of his life in 2008 when we had a market recession and Mortgage Meltdown but decided to weather the storm and not quit the industry he believed in. The reason why Albert started a mortgage company was because of the pain endured by his parents and himself when they got turned down for a mortgage time after time in the early 90s. Albert committed to starting a Mortgage Company from scratch and creating a company that will help humble families make their American Dream a reality. Albert's life wasn't always perfect, and his mid-20s were full of costly mistakes that could have cost him his life. In this episode, Brad and Albert discuss his humble beginnings with his wife, Syl. From there, they get into their story deeper and how their business is becoming an empire. They also discuss real ways to improve your business and life. 00:00 Intro 04:05 Bomb: Timing 06:03 Bomb: Execution 10:30 Bomb: Competence in business 13:44 Personal Branding 16:08 When Albert got robbed 24:33 The mortgage industry 30:50 Driven 37:28 Ferrari's 40:30 Driven Academy/Virtual Training 45:50 Attn: Realtors and MLO's - listen up to this 47:57 “Expand when other people are contracting.” - Albert Preciado 56:00 What you pay attention to 59:00 Follow Albert and his wife and go to https://www.drivenevent.com use code: BOMBSQUAD for a great discount 01:02:00 Bomb: Driven keeps getting better and better
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