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    Behind the Shine 4/12/24

    Last week, we dealt with squatters, and this week, across the country, we faced a honey bee infestation. Don’t worry, the bees were safely relocated to a bee farm. As investors, challenges can make it seem like something is always going wrong. From squatters to a tough real estate market, bee infestations, permitting issues, and more, the list goes on. But we handle these challenges and move forward. We don’t let setbacks discourage us because we see the bigger picture. Real estate isn’t always easy, but by investing wisely and staying committed for the long term, we can build a strong financial future.
    This property has been sitting vacant for a year as the city did a short term rental walk through inspection and gave a report saying I needed to tear down aspects of the property I never adjusted and have been standing for over sixty years! This included a 1300 square foot duplex on the back of the property I had intended to rent out. While sitting vacant, squatters made their way into the house, mold grew when the city turned off the power, and over 50,000 bees made their way from the roof into the home. RE investing can definitely keep things interesting. If you want to learn more about how this happened, what’s changing with RE regulation, and how I’m avoiding these situations in the future, email us at Mastermind@DavidGreene24.com and say you’d like to attend a free Spartan League session where I teach the members how to protect themselves from similar situations.

    Dave Ramsey took a bit of a victory lap recently when he reminded viewers he was right about denying a housing crash. Dave has been saying for years a crash is unlikely, citing reasons like a supply crunch as the primary reason. Dave also stated not only is it unlikely prices will decrease, he believes they’ll actually go up! This echoes sentiments i’ve share on the Biggerpockets podcast and on my social media as Dave and I seem to be seeing the same things.

    When asked what he sees for the future, Dave said ““Prices will go up,” “This is what’s happening with real estate. I promise you, you can look up this [episode] five years from now and you’re going to go ‘god, that old fart was right again.’”

    As for interest rates, Ramsey doesn’t make a firm prediction but advises buyers to focus on prices instead and refinance when borrowing rates go down.

    “Marry the house, date the rate,” he said. You can read the article here. If you’d like to get more information on real estate from a not old fart, you can DM me “webinar” on Instagram to get a link to my next, free event.

    Gobundance Entrepreneurial Summit: May 1st – 3rd – Austin, TX

    I’ll be speaking with Codie Sanchez and David Osborn in Austin Texas where I’ll talking about techniques you can use to capture the client, seal the deal, and close on your opportunities using psychology as a tool.  The event takes place May 1st – 3rd and the topic will be ” Control the Frame to Secure the Client”. In today’s economy, the art of working with clients and negotiating is more important than ever. Those who have this skill will produce exponentially better than those who don’t. You can even use my discount code: GBDAVIDG for 10% off your registration.

    Conventional: 7.375%

    VA: 6.490%

    FHA: 6.490%

    DSCR: 7.625%

    If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. ​Visit our website here​ to explore our loan options and find the right financing solution for your real estate goals and email us at intake@theonebrokerage.com to speak to one of our loan officers.

    This 3 bed 2 bath home is nestled along the tranquil shores of Crystal Beach, a hidden gem located just an hour and fifteen minutes south of Houston.This property is the perfect blend of luxury and relaxation. Unlike its bustling neighbor, Galveston, Crystal Beach offers quiet beaches with minimal crowds and a welcoming atmosphere.

    Whether you’re looking for relaxation or adventure, Anchors Away is the perfect starting point for your Gulf Coast Getaway. Come discover why Crystal Beach truly has something for everyone! Email us at help@davidgreene24.com to learn more about opportunities to visit and vacation in paradise.

    Details: 3 Bed/2 Bath l 1290 Sq Ft l Built 2010 l Creative Financing Available

    Last week, I had the pleasure of sending signed copies of my book, Pillars of Wealth, to a few fortunate investors in the Las Vegas market. For those unfamiliar with Pillars, it’s a guide focused on safeguarding your wealth and constructing a financial fortress. Pillars will teach you how to protect your assets,  increase your wealth , how to make strategic investments for the future. You can learn more about how to use these techniques in Spartan League.

    Homeowners in parts of California are slashing the price of their properties by as much as 40 percent as they leave behind the explosive home appreciation that characterized the pandemic years. A five-bedroom home in Oakland, California, that was listed for sale for $4.1 million in March 2022 is now once again available on real-estate marketplace Redfin for $2,550,000 after experiencing a price cut of more than 40 percent.Most of Northern California, according to a map based on Zillow data, still have homes for sale for a price below their 2022 peak, even as the rest of the state—and especially Southern California—has seen prices climb back in the past year. These local markets—including San Francisco and Oakland—are still suffering the impact of the recent tech sector’s troubles, including trying to adjust to the rise of artificial intelligence (AI). However, despite recent price cuts, home prices in California—including Oakland—remain historically high.

    If you’re a CA homeowner or buyer, The David Greene Team is here for you. Please let me know if you’re looking to buy or sell before going anywhere else. And if you have a job in the tech sector, I’d be worried about AI. I’ve been saying it for years, and I’ll continue to. Now is not the time to take your foot off the gas when it comes to building your skills.

    Last week we had Jessie Rodriguez as a guest speaker on Spartan League. If you don’t know Jessie, he’s a well-rounded investor who has a lot of experience in many areas of real estate. Every week we bring on guest speakers just like Jessie to share knowledge and experience. We recently revamped Spartan League and we’re not offering 5-calls a week in all areas of real estate. If you want to get in before the price goes  up, reach out to mastermind@davidgreene24.com.

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