WeAreTPM

Episode 41: --------------------------------- This week we're talking with Trever Kerr with Gateway Mortgage discussing Should You Consider an Adjustable Rate Mortgage (ARM)? As interest rates are beginning to spie, is it a smart play to go with an adjustable rate vs. a fixed rate loan? Trever Kerr brings 20+ years of experience to the table with his thoughts on ARMs. Particularly a 5/6 ARM, which...

Episode 40: --------------------------------- This week we're talking about Real Figures of a Short-Term Rental You're thinking about converting your home into an Airbnb or Short-Term Rental (STR). Do you know all the costs included in operating your home? In this episode, we use three of our own short-term rentals and give you actual operating numbers - from gross revenue to net income. We'll bre...

Episode 39: --------------------------------- This week we're talking about The Costs of Operating a Short-Term Rental (AirBNB). You're thinking about converting your home in an Airbnb or Short-Term Rental (STR). Do you know all of the costs included in operating your home? Such as: Marketing, content management, research tools, cleanings, communication, replenishing items, upkeep and maintenance,...

Episode 38: --------------------------------- You're thinking about converting your home into an Airbnb or Short-Term Rental (STR). Do you know all the costs that come along with it? Including setting up your home. Such as: Mortgage, Insurance, Monthly Costs, Furnishing the Unit, Decor Equipment, Entertainment, Photography and more. Three factors to consider: purpose, design, and functionality. Tu...

Episode 37: --------------------------------- Your rental home is empty, and it's been empty for a while as you decided to do the repair work on your own. How much is your empty home costing you as you get it ready to rent? We'll factor in mortgage, taxes, insurance, utilities, and landscaping costs plus the cost of lost revenue. The figures can be staggering. Tune in today to see how much your va...

Episode 36: --------------------------------- Buying & Selling: When the market shifts the high end market is normally the first to take a hit, and that's what we're seeing in the market right now. We are working our way into a healthy market - like we were pre-pandemic! If there isn't a correction in the market, interest rates will just keep going up and money is going to get more and more ex...

Episode 35: --------------------------------- Money Now VS Money Later Money now is more valuable than money later. It's a simple, but complicated concept . Break these analogies down with us to get a better understanding on the time value of money. Ex: Would you rather have $100/day or $3,000/month? _________________________________ There is a vast amount of ways in today's world to build wealth...

Episode 34: --------------------------------- This week John and Kyle sit down with Mortgage Maven Kandy Katz! Kandy has a unique strategy to help buyers or investors get into homes at a lower out-of-pocket rate. Hear Kandy introduce and chat about the two hack strategies for both buyers and sellers. As the market is slowly shifting to a buyers market, this episode is a great tool to have in your...

Episode 33: --------------------------------- There are a lot of people who own a pool home who wouldn't even consider renting their property based on a bevy of unnecessary concerns. The biggest pro when renting your pool home is increased cash flow and the biggest con is pool maintenance and repairs. Tune in to find out if your concerns are worth the cost.. _________________________________ There...

Episode 32: --------------------------------- The way the markets moving right now, people are moving all over the country. With that comes buying and selling real estate for relocation. Investors will often use a 1031 Exchange to avoid capital gains taxes. Tune-in to see how to utilize a 1031 Exchange and save big bucks in the selling process. Patrick Noonan wwww.ipx1031.com Patrick. Noonan@ipx10...

Episode 31: --------------------------------- In today's episode we discuss tax implications focusing mainly on Capital Gains Tax and Depreciation Repayment Tax. To start, Capital Gains is the difference between what you purchased your property for and what you're selling it for today. We'll dive into Long term capital gain and learn a little about short term capital gains. _______________________...

Episode 30: --------------------------------- Today we get a better understanding of the real estate climate without being swayed by the media. Will the real estate market bust of 2008 be matched by the pending recession of 2022? The short answer is no. Find out why in this episode! Tune in to see if the recession will have an impact on home prices. ------------------------------------------- Ther...

Episode 29: --------------------------------- This week we’re here to talk about The Current Short-Term (AirBNB) Market Conditions. What is a short-term rental (STR) vs. a long-term rental? A STR (AirBNB) is when you have a rental property that allows for occupancy under 30 days (ex: vacation rentals.) We share the reasons for STR (AirBNB) optimism such as, demand that's up 25.3% year-overyear (+2...

Episode 28: --------------------------------- Do interest rates correlate with rents? If interest rates go up, affordability of the house rises as well. Getting qualified at 3% let’s you purchase a certain amount; a significantly different amount than getting qualified at 6%. If you get pushed out of the purchase amount due to rising interest rates where does that land you? _______________________...

Episode 27: --------------------------------- The economics that cause your taxes to go up are probably going to also cause rents to go up. When home values rise, so do taxes. So, who is supposed to pay these property taxes? Today we cover the tea on who we think should be paying these taxes, and why... _________________________________ There is a vast amount of ways in today's world to build weal...

Episode 25: --------------------------------- In the final episode of our 9 part series, we discuss the best possible ways to break down the "ton" of things that need to be done. Whether you are the do-it-yourselfer or the I don't have time for all this type of person. Getting professional advice with either perspective is our recommendation, these people see above the bushes and not from within....

Episode 25: --------------------------------- In today's episode we continue our discussion on The Nine Common Concerns When Thinking About Renting Your Home but when is it the "right time" to rent out your home? In the long run the housing market will stay on the rise, so the answer is simple now. As demand is rising there is no wrong time to rent your home! Let a great property manager help lift...

Episode 24: ------------------------------------------------------------------------- Why would I go through the hassle of renting my home? Why wouldn't we go through the hassles? So, there's an obvious reason, but first, what are the hassles? Part of this series is talking about the hassles themselves: • Why do we deal with tenants and toilets? • What if somebody trashes my house?• How do I...

Episode 23: --------------------------------- How's the Real Estate market? Are we in a buyer's market? What is a buyer’s market? “How is the market” is the most common question that any real estate agent should be getting asked? And, is it an easy one to answer right now? Well, it's always easy for me because I always ask people.  I always ask people, answer it in the same way that my coach...

Episode 22: --------------------------------- John and Kyle are back to talk about their nine-part series of “The Nine Concerns When Thinking of Renting Your Home” and this episode they will be going over the concern of “what if someone trashes my home?”   Topics covered:  People regurgitate bad experiences  Placing and screening tenants Training the tenant  What the secur...

Episode 21: --------------------------------- Equity is the difference between the money you've put into your home and what it's worth. Equity can be used for another property on a second mortgage versus it being eaten up in closing cost on a new home. _________________________________ There is a vast amount of ways in today's world to build wealth using real estate and investing, not just in prop...

Episode 20: --------------------------------- You might go in your mailbox and find a marketing poster from us. That's meant to inspire you to consider renting your home as the next option. Instead of selling your home, so you can build generational wealth for your family. If you take action and get more knowledge, which is what we do here, then you can do better for yourself in building wealth th...

Episode 19: --------------------------------- Buy-Rehab-Rent-Refinance-Repeat Buy a home, make upgrades to it (raising the value), rent it out to a tenant, refinance the home (with a great lender), and repeat the process as many times as possible! _________________________________ There is a vast amount of ways in today's world to build wealth using real estate and investing, not just in property,...

Episode 18: --------------------------------- The appreciation of the housing market historically beats inflation rates. Inflation rates being high means home values are up and interest rates are normally low. Use real estate investing to hedge against the pain felt from inflationary climate. _________________________________ There is a vast amount of ways in today's world to build wealth using re...

Episode 17: --------------------------------- Not everybody should be a landlord, doing so takes a lot of time and temperament. There are lots of small behind the scene scenarios that all together can cause stress, some people thrive off of it and others realize they don't have what it takes. Hiring a great property manager is a good solution to reassure your uncertainties on risk reward. ________...