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2024 Real Estate Market Forecast & Is Right Now a Good Time to Buy? | Kenny Simpson E182
Manage episode 416069731 series 3425853
On today’s episode Rich sits down with Kenny Simpson - Mortgage Broker, Entrepreneur, and Co-host of the Get in the Cashflow Game podcast. Kenny has been in the mortgage broker game for 20 years, has funded over $1.5 Billion in loans and helped 5000+ clients. He used to manage several multifamily properties (properties with upwards of 2000 units,) but sold them and now focuses his time strictly on the mortgage business, his wife and 2 girls, and his podcast. He also personal owns 50+ units with a net cashflow of $350K.
Rich and Kenny start off by discussing meeting initially, Rich’s first time speaking, what Kenny has been up to since they first met, the current rate environment, Kenny’s analysis of the current rates, credit card delinquencies, the potential for rate cuts, who is buying deals right now, why Rich and Kenny are bullish on San Diego, who’s buying homes in San Diego, Kenny’s portfolio, becoming the biggest influencer in mortgages, and the endless opportunities in real estate.
They then reflect on Kenny’s brokerage system, Fannie Freddie Loans, pricing for Non-QM Products, DSCR Loans, maximizing leverage with Non-QM loans, appraisals, ADUs, several properties that Rich is currently looking at, and the Pacific Beach market.
Lastly, they talk about commercial real estate, the value of relationships, Ryan Serhant, relationships over transactions, standing out to lenders, where Kenny sees the rate environment going in the next year, whether we’ll ever see 3% rates, Grant Cardone, how the fed has locked out buyers, which neighborhoods Kenny is bullish on in San Diego, Little Italy, and how Hotel Zindel is doing.
Connect with Kenny on Instagram: @kennybsimpson
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
--
Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.
Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.
260 episodes
Manage episode 416069731 series 3425853
On today’s episode Rich sits down with Kenny Simpson - Mortgage Broker, Entrepreneur, and Co-host of the Get in the Cashflow Game podcast. Kenny has been in the mortgage broker game for 20 years, has funded over $1.5 Billion in loans and helped 5000+ clients. He used to manage several multifamily properties (properties with upwards of 2000 units,) but sold them and now focuses his time strictly on the mortgage business, his wife and 2 girls, and his podcast. He also personal owns 50+ units with a net cashflow of $350K.
Rich and Kenny start off by discussing meeting initially, Rich’s first time speaking, what Kenny has been up to since they first met, the current rate environment, Kenny’s analysis of the current rates, credit card delinquencies, the potential for rate cuts, who is buying deals right now, why Rich and Kenny are bullish on San Diego, who’s buying homes in San Diego, Kenny’s portfolio, becoming the biggest influencer in mortgages, and the endless opportunities in real estate.
They then reflect on Kenny’s brokerage system, Fannie Freddie Loans, pricing for Non-QM Products, DSCR Loans, maximizing leverage with Non-QM loans, appraisals, ADUs, several properties that Rich is currently looking at, and the Pacific Beach market.
Lastly, they talk about commercial real estate, the value of relationships, Ryan Serhant, relationships over transactions, standing out to lenders, where Kenny sees the rate environment going in the next year, whether we’ll ever see 3% rates, Grant Cardone, how the fed has locked out buyers, which neighborhoods Kenny is bullish on in San Diego, Little Italy, and how Hotel Zindel is doing.
Connect with Kenny on Instagram: @kennybsimpson
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
--
Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.
Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.
260 episodes
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