insideABODE is a podcast that gives you an unfiltered, honest, inside look at the Real Estate industry like you've never heard before. Windermere Abode is a boutique real estate brokerage located in Old Town Tacoma. We are changing—and elevating—real estate in this community. Windermere Abode intentionally maintains a small team of amazing agents, to focus time and energy focused on creating the best experience possible for buyers and sellers.
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Learn all about investing in real estate in Tacoma, Washington with a combination of real estate financial planning and modeling with numbers specific to Tacoma plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Tacoma).
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The Washington State Real Estate Investing Podcast is geared towards real estate investors who want to grow their network and their real estate portfolio in Washington State. We know how diverse Washington state is and what works in one market, say Tacoma, might not work in another market, say Yakima. Our goal is to bring you insight into different markets across the state. Talking with real estate professionals from wholesalers and real estate agents to contractors, loan officers and of cou ...
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Secrets of Hiring and Managing a Property Manager
1:57:25
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Learn the secrets to hiring and managing a property manager in Tacoma. This class is Module 8 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: A small tweak to your mindset around renting your property that will change all aspects of your property management... for the better... to make it easier, to lo…
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Learn how to overcome tenant challenges in Tacoma. This class is Module 7 of 46 in a series called Real Estate Investing Secrets. What do you do when you experience the inevitable tenant challenges like: Tenant not paying rent Tenant’s check returned for non-sufficient funds Tenant makes late payment Tenant breaks lease Tenant provides partial paym…
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Why Your Realtor's NETWORK Matters | Heidi Hurst
35:57
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You ever heard the saying, 'Your NETWORK is your NET WORTH?' In this episode of the insideABODE Podcast Dave and Heidi Hurst of the Heidi Hurst Team sit down to talk about how her national network of realtors has helped her clients obtain a high level of service across the country. Follow/Contact The Heidi Hurst Team online: Instagram: @heidi_hur…
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Secrets of Buy and Hold Real Estate Investing
1:07:25
1:07:25
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Learn the secrets to buy and hold real estate investing in Tacoma. This class is Module 6 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the buy and hold real estate investing strategy? Variations based on down payments? Variations based on property types purchased…
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Learning how to correctly manage properties is a critical skill for landlords. This class is Module 5 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What should you be doing to document the condition of the property before the next tenant takes possession? The one free thing that few landlords do that…
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2024 Q3 Real Estate Market Update: Will Home Prices Come Down? | Dave Jones
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In this episode of insideABODE, Dave Jones discusses the current state of the real estate market, focusing on architectural trends, market rates, and price dynamics in the Pacific Northwest. He emphasizes the popularity of Craftsman homes, the potential for rate cuts, and the importance of understanding inventory levels. The conversation also highl…
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Tenant screeing... an important, but often overlooked skill. If you're going to manage properties yourself in Tacoma, you're going to need to know how to screen tenants. This class is Module 4 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 5 steps in the property management process? What …
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Secrets to Marketing to Find Tenants
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1:02:22
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If you're going to manage properties yourself in Tacoma, you're going to need to know how to do the marketing to find tenants. This class is Module 3 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 6 “Property Management Mastery” modules included with this course. How to change your thinking about …
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Having a solid understanding of historical market stats is important for investing in real estate in Tacoma. This class is Module 2 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Should you try to “time the market” using data to increase profitability? How much are properties selling for? Do property …
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Secrets of the 7 Ways to Invest in Real Estate
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Having a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Tacoma. This class is Module 1 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t …
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What is the Tacoma Black Fund? + Other Topics of Blackness | Desiree Wilkins-Finch
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Hailing from the Southside of Chicago, Founder and entrepreneur Desiree Wilkins-Finch joins the podcast to speak on her experience starting her consulting firm, and more recently the Tacoma Black Fund. Desiree gives insight to why she started the fund and other tidbits she learned along the way. Dave and Desiree dive into a myriad of topics around …
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Warning - Risks of Missed Inspection Issues When Investing in Real Estate
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There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period. In this class, James will discuss the risk of investing in real estate and specficially the ri…
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How Return on Investment Changes Based on How You Pay PMI
29:24
29:24
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If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan. This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties. There are 3 ways to pay PMI: Monthly…
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What's Happening in the Pierce County Luxury Market? | Jessica Knicely
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In this episode, Dave Jones interviews Jessica Knicely (one half of The Knicely Group). They discuss the definition of luxury, the differences between the luxury markets in Tacoma and Gig Harbor, and the importance of location, views, and lifestyle in luxury properties. They also touch on the changing landscape of Gig Harbor and the increase in ame…
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Warning - Risks of Interest Rates Rising When Investing in Real Estate
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There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is that rising mortgage interest rates will: Increase their mortgage payment and therefore hurt cash flow, or The rising mortgage interest rates will lower affordability and demand for properties, and therefore the va…
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Warning - Risks of Tenants Trashing Properties When Investing in Real Estate
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45:09
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In this special class about the dangers, risks and warnings of investing in real estate: The #1 fear that keeps potential landlords and new real estate investors up at night! Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets. Real-life horror stories of tenants causing sig…
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Should Pro Athletes Invest in Real Estate? | Derrik Shockman + Jordan Dam
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Should professional athletes invest in real estate? In the first episode of season 10 of the insideABODE podcast Abode agents Derrik Shockman and Jordan Dam join to talk about pros investing in real estate and the opportunities that exist... there might be some other sport takes as well 👀 Follow Derrik Shockman online: Instagram: @derrikshockman …
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How to Analyze an All-Cash Rental Property Purchase
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Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan? In this special deal analysis, you will: Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan …
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Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
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Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn…
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Real Estate Investing Through Massive Foreclosure Periods
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Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apa…
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Deal Alchemy™ - Debt Paydown to Cash Flow
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Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a ne…
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Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
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31:04
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…
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How to Analyze an All-Cash Rental Property Purchase
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How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a…
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How Return on Investment Changes Based on Credit Score With PMI
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41:51
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How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…
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43: Maximizing Cash Flow with Vacant Units
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43:19
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Summary In this conversation, Jeff Utecht and Julia Pardo discuss investment strategies and the importance of not comparing oneself to others on social media. They emphasize the need to focus on personal goals and preferences when it comes to real estate investing. Jeff shares his experience of buying a fixer-upper property and realizing the potent…
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Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
31:24
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So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an…
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The Impact of Buying Properties at a 5% Discount When Nomading™
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So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rent…
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42: Exploring the World of Industrial Real Estate in the greater Seattle area
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Matt McLennan, an executive vice president and shareholder at Kidder Matthews, specializes in industrial leasing and sales in the South King and Pierce counties. In this episode, he discusses his background in the wine industry and how he transitioned into a career in real estate. He explains the different types of industrial real estate, such as d…
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Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…
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Warning - Risks of Rental Demand Declining When Investing in Real Estate
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Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…
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True Value of a Realtor - Should You Accept a Contingency Offer? | Spencer Eiseman
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In this episode, Windermere Abode agent Spencer Eiseman discusses home sale contingencies and what a seller should consider before accepting one. If you don't know what a contingent offer is, or want to learn strategies and tips on navigating one, this episode is for you! Follow Spencer Eiseman online: Instagram: @spencer_eiseman Webpage Have an…
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41: Accelerating Progress Towards Financial Freedom - A Coaching Session
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This episode brought to you be inspectify.com Summary Julia Pardo is being coached by Jan Wanot on the Washington State Real Estate Investing Podcast. Julia currently owns a duplex and wants to continue buying cash-flowing properties every two years. Her long-term goal is to provide rental properties for her future children and achieve financial fr…
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Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…
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Warning - Risks of Neighborhood Decline When Investing in Real Estate
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Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …
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The True Value of a Realtor: Do You Even Need an Inspection? | Victoria Stoughton
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In this episode, Abode agent Victoria Stoughton joins to talk about the importance of inspections for first-time home buyers, the cost of inspections, the duration of the inspection period, and how major issues discovered during inspections are resolved. Victoria emphasizes the need for buyers to have a realtor who can navigate the negotiation proc…
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40: Julia Pardo joins WSREIP as co-host: The Journey of a House Hacker and Landlord
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Summary In this episode, Jeff Utecht welcomes Julia Pardo as the new co-host of the Washington State Real Estate Investing Podcast. They discuss their plans for the podcast and their own real estate journeys. Julia shares her experience as a house hacker and landlord, and emphasizes the importance of breaking down big ideas into manageable steps. T…
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How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will…
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The True Value of a Realtor: Who is Advocating for Buyers Right Now? | Maddy Mixter
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With higher rates and inventory staying at lower levels, how do we advocate for and help first-time buyers navigate this shifting landscape? Maddy Mixter joins the podcast to talk buyer advocacy, particularly home buyers from marginalized communities and lack the resources needed to purchase (not just financial, but other resources as well). WSHFC …
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How to Analyze Deals with Private Mortgage Insurance (PMI)
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How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…
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The True Value of a Realtor: Knowing the Market / Q1 Pierce County Market Update | Ferrah Seifert
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In this episode, Ferrah Seifert joins the podcast to discuss the current real estate market trends in Pierce County. The conversation touches on the importance of terms in real estate transactions and the value of having a realtor. They also discuss the price action of homes in the market and various points your realtor should consider based on the…
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Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
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In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, …
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39: The Importance of Marketing and Sales in Wholesaling
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Thank you to inspectify.com for sponsoring this episode Summary Victor Rybachuk shares his journey into real estate wholesaling and how he built his business, I Will Buy House. He started in nursing but found his passion in real estate. He explains that wholesaling is about marketing and sales, not investing, and emphasizes the importance of standa…
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AbodeU: The Tacoma Tree Canopy Dilemma | Tacoma Tree Foundation
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Did you know that Tacoma has the lowest amount of tree canopy coverage in the Western Washington region? The Tacoma Tree Foundation visited Windermere Abode to educate the agents and owners on tree canopy and how it impact the most vulnerable communities (i.e. black and brown communities). Take a listen and learn more about the Tacoma Tree Foundati…
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Deal Alchemy™ - Residential vs Commercial Property
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Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…
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Warning - Risks of Loan Called Due When Investing in Real Estate
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Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…
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How to Analyze Buying a Rental Property at a Discount
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How to Analyze Buying a Rental Property at a Discount in Tacoma Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of…
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38: Non-Traditional Lending with Builders Capital
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Thank you to our sponosor inspectify.com Summary In this episode, Jeff Utecht interviews Jeff Bumgardner from Builder's Capital. They discuss Jeff's background in real estate and his experience flipping houses in Seattle. They then dive into an overview of Builder's Capital and their approach to construction financing. Jeff shares some unique chall…
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How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…
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AbodeU: The True Value of a Realtor | Heidi Hurst
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In this episode, Heidi Hurst of the Heidi Hurst team joins the show to talk about value that realtors provide that you may not hear about. The conversation explores the challenges and complexities of real estate transactions, including negotiation and finding solutions and vendors to handle issues within the transaction in real time. Follow Heidi H…
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