The 1st Time Homebuyer Show w/ Gizmo by House Rich

I discuss the report that 44% of all Single-Family Home Purchases were by Private Equity Firms in 2023 and tell what is and isn't true.   I think cover how this relates to the bill and Democrats wanting to kick big investors out of the the housing market to improve affordability Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w...

I breakdown the updated 2024 FHA loan guidelines for 1st time home buyers. In this episode I break down.   The history behind the FHA Who is eligible for an FHA loan Who is considered a 1st time homebuyer by the FHA The FHA loan occupancy requirements FHA loan credit guidelines Mortgage insurance for an FHA loan Pros and cons of an FHA loan v a conventional loan FHA rates v conventional loan rates...

I breakdown the best time of the year for a first time homebuyer to buy a home buy a home as a result of -new construction deals -negotiating power -tax benefits and more Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial fi...

In this weeks episode I break down a commission check for a deal i closed in Dallas to show you how much a realtor typically makes from the sale of the home. I also quantify in dollars the value I added to the transaction from a buyers perspective. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local mark...

@blackrealestatedialogue joins me this week to discuss the collusion lawsuit against the national association of realtors and the conspiracy to keep realtor commissions high. We cover -Impact of the NAR $1.78 collusion lawsuit on the industry  -details of the trial  -verdict  -evidence  -post-trail  -listener feedback  -impact on prices, sellers, buyers &   Realtors   This is a show for millen...

W cover the $1.78B Sitzer/Burnett collusion verdict against the National Association of Realtors and other major real estate brokerages due to inflating real estate commission. I break down the details of the case and answer the questions: -The big winner of the $1.78 realtor collusion lawsuit -Details of the NAR collusion lawsuit - Can you negotiate commission with your Realtor -How do realtors g...

Real Estate After Dark covers this week's housing market news. This week's stories are   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   -Fed Extends Pause on Rate Hikes but Keeps Door Open to Moving Higher: The central bank is sorting through...

In this week's episode we discuss assumable mortgages. An assumable mortgage allows the buyer to purchase a home by taking over the seller's mortgage loan. One reason buyers decide to buy a home with an assumable mortgage is to take advantage of financing with a lower interest rate if rates have risen since the seller originally purchased the home.   Looking for a home in Dallas? Schedule...

Real Estate After Dark breaks this week's housing market news. Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/    This week 'm joined by Sam of  @blackrealestatedialogue  and we discuss *Mortgage rates hitting 8% and if it is really the worst ti...

I discuss the legality of buy a CPN. The process of buy a CPN. What happens when you buy CPN What you can use a CPN for. The upsells that happen when you buy a CPN and is buying a CPN worth it.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is...

These are the pros and cons for the 2-1 mortgage interest buy down. I also discuss properly budgeting for the future when doing a 3-2-1 or 2-1 rate buydown, I also discuss an alternative to the mortgage interest rate buy down.   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandm...

10.15 Real estate after dark we discuss this week's housing news:   1:22 I discuss the Oct 12th inflation report and the impact it has on the housing market: Inflation and the housing market: Decoding the latest numbers   6:43 The Airbnb "renter from hell". LA law protects Airbnb guest living at Brentwood rental for 500+ days without paying rent   12:57 The lawsuit against NAR, the N...

This is how a first time homebuyer can figure out how much home they can afford no matter what the interest rates are in their market. - I break down the major components of your debt to income ratio. -I break down the difference between what you can afford and qualify for   Looking in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in...

This week's housing market and home buying news. Real Estate After Dark 10/4 ☎️Looking in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw 🗺️Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   -Wells Fargo economists expect Fed to cut interest rates dramatically in 2024 -Fed's preferred inflation measure shows slowes...

In part II discuss how racial bias impact the appraisal industry and how it impact minority communities with Devin Minnis &  supervisor Jacquelin "Jack" Sonceau of Beltway Appraisal 2 black appraisers.   -Is there racial bias in the appraisal industry? -We talk about a case where a black couple's home was evaluated $500k under -Can technology prevent racial bias in the appraisal...

I interview black appraisers Devin Minnis &  supervisor Jacquelin "Jack" Sonceau of Beltway Appraisal. They are a rare breed as only 2% of appraiser are black. In part 1 of this episode well discuss. *The steps needs to become and appraiser *The qualifications needed to become and appraiser *What appraisers actually do *What appraisers look for when evaluating a property *How appraisers evaluate u...

Looking in Dallas? Schedule a call w/ me:https://calendly.com/houserich/dfw Outside of Dallas? connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/ This weeks 9/27 Real Estate After Dark, home buying news topics -homeowners insurance companies like state farms and farmers canceling and raising insurance premiums due to climate change -Douglass Elliman and 30 luxu...

I break down the major scams and lies I see from unprofessional credit repair companies based on my real life experience in the mortgage industry.   -Why credit repair companies cant legally guarantee timelines -The ridiculous of CPN and who they are illegal -Why mortgage inquires don't matter -Why credit repair companies suggest "don't pay collections"   This is a show for mille...

•Why the Fed is raising rates •Fed rate hikes historically •Mortgage rates historically •Mortgage rate impact •Predictions for the Nov meeting This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.   🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️Important info below ⤵️ 🤠I&...

I interview home inspector Nita Davidson on tips for first time homebuyers going through the inspection process we cover. -How to become a home inspector and how much home inspectors make -Setting expectations during the home inspection -10 major systems to look at during a home inspection -Deal breakers and non-deal breakers during a home inspection -Sewer scope inspections -Items 1st time homebu...

This week's first time homebuyer news • CFPB fines Freedom Mortgage and Realty Connect for Illegal Kickbacks for referrals. I cover how to identify these pay for play schemes as a first time homebuyer and how to protect yourself • Will return to work policies increase inventory? • Is there a “black swan event” coming in the housing market • Rate lock volume plummets in least affordable housing...

In this episode I cover questions that first time home buyers should be asking Realtors in order to make sure they are the right fit.   🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️Important info below ⤵️ 🤠I'm a Realtor in Dallas, TX. If you're looking to move to the Dallas, TX area or a local looking to buy I'd love to help. I'm Veteran (Go Navy!!) and have helped 100s of Texas (and out of towners) b...

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

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

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