Episodes

And I think that's when you hear about it on the radio or the news and are they I think that is what a lot of people are missing. So, I did a little research. So let's say you bought a house in 1973. The average price of a house then was about $45,000. Okay, so now if you say people can, people could afford that, but how much were you making? You are making close to what they're making now. So, and then in 1995, it was close to 150,000. Okay, does that sound bad? No, it's, it's just a progressi...

You and I were briefly talking before this about things that you do for the first time. So if you're building a table, you did it for the first time, it took you three or four times longer. Well, you do that two or three more times. Guess what? You worked out all the kinks, you know exactly what to do you know the ins and the outs. And is the same thing with a mortgage the first time you did a more do a mortgage. You don't know everything. I mean, when I first did one I was pictured in my mind w...

It's right in that timeframe. That's about two and a half months that they're off. And so many people want to start there. They want to start the school year, they don't want to move their kids during the year they want to move them at the start of having started with the rest of the kids. We have the year-to-date sales, we have 10,318 year-to-date sales for the four months, and we had 12,520 year-to-date residential listings. So that gives us a current inventory active inventory of 1979 homes....

So the next thing is, let's not just talk about finances, let's talk about emotions. I don't know how many times Rick probably got it and it'll hit home. As soon as somebody closes on their first house, and they've never owned a home. I've gotten several calls afterward because I do the follow-up call and all that. And they'll be like I can't, my wife, as soon as she got in the car, she just started crying. And when you first hear that, you're like, Oh, my goodness, that's not good. But it's the...

Along with that now, interest rates have gone up. But interest rates are tied to the federal funds rate. And the federal funds rate is what when you hear the Feds raise the raise interest rates, that's what they raised. Now they raised a quarter at their last meeting, the first raise they had had in over three years. The expectation for May is raising it again, and half a percentage point. And then, there's another meeting in June and they're expecting to raise the expectations are another half ...

My friend just sold his house, his wife, her job just moved here to North Carolina. So, I talked to him. He's like, I was like, oh, so you're gonna find a new one, or and he goes, no, I've been working from home. I'm gonna continue working from home. So, guess what, you don't have to live in the same area nowadays. I mean, so if you move from let's say California and moved to Utah have much more land have probably lower taxes and you're making the same amount. Why would you not do that? Well, y...

In this episode Spencer Gray shares his abundant knowledge and experience in multi family real estate investing. Spencer will discuss the difference between residential and commercial multi-family, what current risk are in the multifamily and real estate market, and why his preference is to invest in apartments instead of single family homes. Spencer Gray serves as the President of Gray Capital, LLC. In this role he leads the Gray Capital team in directing investment strategy, tailoring investo...

One other thing that most people don't really think about, especially if you're renting. Well, let's just say, for mathematics, simple, your mortgage, or your rent is $1,000 a month, and you want to wait one year. So, you just paid $12,000 In one year to somebody to live in that place. What could you do with $12,000? Rick? You can do a lot, but it's even worse than that. Because it's $12,000 in rent, and they also the equity they would have received. If the $200,000 house, they lost $30,000 in ...

Coronavirus is going to become somewhat like the flu. Cases have dropped by 71%. Another prediction is big tech gets even bigger. It's already huge. We talked about those numbers, and it's just going to get bigger. Another prediction is the creator economy will flourish the Creator economy if you don't, aren't familiar with that, that's like us being on Fiverr places like that, where you kind of have your own, you work for yourself. And you people contact you let's say you wanted to redo your ...

I don't know if any of you can believe it. But I am shocked at the at the at the additional cost of the vehicles. I have to travel. And I have to rent a car. Not for very long, just for a couple days. And I was shocked at what it cost me to rent a car. I don't rent many cars; I will tell you that. But I remember not too long ago, I rented a car. I rented a van for an entire week. And it was for $450, $500. I'm renting a small vehicle for two days. And it's almost $250. It just shocked me. They d...

Jon Iacono has been watching the mortgage backed security market for years and is considered one of the top experts. In this episode Jon explains the past, present and future of the mortgage rate market. He dives into the details of the market and explains what moves mortgage rates. Should you finance now before rates go higher? Should you finance now and take a strategy of a higher rate with closing costs being covered with a credit and then refinance if/when rates go back down? Listen in an...

Buying rental property can make you rich! Here is a quick excerpt of the show. And I thought , this is a time to talk about it and really go over it in case anybody you know anyone, or you have any interest in the possibility of financing a rental property or owning rental properties. This could be something you own, you're looking at short term, you want to buy something, do the renovations, put it back on the market and sell it in this market or maybe something you want to long term rent. The...

Housing markets can make buying a home easy to nearly impossible. One of the hardest market is a market that is on fire! Homes sell quickly, there are not many homes on the market and the sellers are in control. If you are shopping for a home in this type of market that can make it a very difficult and disappointing time. In this episode I talk through what you need to do to put yourself in the best position to get your offer accepted. Go from disappointed and stressed to a happy homeowner. Con...

Can you still benefit with a refinance even with the higher rates? You might be able to depending on what your needs are. This episode I talk about how to refinance and what goals you might have that would make refinancing beneficial! Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on...

In this first episode we talk about what the real estate and mortgage market looked like in 2021 and what the prediction for both of these markets are for 2022. Will mortgage rates go up, stay the same or go down in 2022? With the real estate market in Indiana continue at it incredible hot pace? How will the Feds affect the market and will Inflation play a role in 2022? Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more i...