In this week’s edition of Real Talk, Real Estate, we’re tackling some important financial topics, including the pros and cons of using a HELOC to pay off high-interest credit card debt. This is a common issue many of us face, and I’ll be sharing some practical insights on how to navigate it.
Additionally, we’ll be exploring ways to maximize rental profits, such as converting a garage into an ADU. It’s a topic I’ve spoken a lot about in the past, and it’ll provide some great insight.
Don’t forget, I’ll be releasing new podcast episodes every week. Your questions are a big part of this, so please feel free to submit them. I’ll do my best to address them in future episodes. You can submit your questions HERE.
As always, the goal of this podcast is to provide real, no-nonsense advice from people who are actually in the trenches of the real estate industry. There’s no fluff, just straightforward information that you can use. If you haven’t already, make sure to subscribe so you don’t miss any episodes. APPLE, SPOTIFY, YOUTUBE
Lately, I’ve been receiving more inquiries about investing out of state, particularly from people who feel priced out of their local markets or are not seeing the cash flow they’d hoped for. A common question is how to establish reliable local contacts, often referred to as “boots on the ground.”
I discuss this in more depth in my book, Long Distance Real Estate Investing. One method I recommend is leveraging relationships with vendors you’ve already worked with and trust. For instance, I recently had to build a team in a new market where I own long-term rental properties. When one of my tenant’s air conditioners broke down (side note: avoid allowing pets, as dog urine can ruin the condenser coils), I found a small, dependable HVAC company with fair pricing. The owner was excellent to work with, and since I believe “rockstars know rockstars,” I asked him for a handyman recommendation, which turned out to be a great fit. Additionally, by sharing that I owned multiple properties, I created an opportunity for ongoing business, which benefits both the vendor and me. Building relationships like this is mutually advantageous and often leads to other valuable connections.
Organization is something we often take for granted, but it’s a skill that deserves more attention than it usually gets. Staying organized isn’t an innate talent—it’s a learned skill that takes practice and dedication. But once mastered, it can significantly streamline every aspect of your life and business.
In Spartan League, Megan Ahern highlights just how impactful organization can be, emphasizing the value of something as simple as a checklist during the property-flipping process. It’s a small tool with big results, and it can make all the difference in your success.
If you want to join calls like this and hear how others are doing it email mastermind@davidgreene24.com to receive more information about Spartan League.
I had an incredible start to the week in Vegas with Ryan Pineda, where we went beyond the surface to discuss some deeply personal and professional topics. We covered everything from the future of The David Greene Show and the end of the BiggerPockets podcast, to the challenges of dealing with theft in my businesses, and even the state of the dating market in 2024. We also touched on our faith and how to recover from catastrophic loss.
This conversation was one of the most transparent and vulnerable I’ve ever had on camera. If you’re looking for genuine, unfiltered discussions with real insights, this one’s for you.
Stay tuned for the full conversation—it’s something you won’t want to miss.
Carl Weinberg, chief economist at High Frequency Economics, believes a significant 50-basis-point interest rate cut by the Federal Reserve is unlikely, despite mixed U.S. labor market data. While hiring has slowed, recent unemployment claims have decreased, suggesting the Fed is not under pressure to make drastic cuts. Weinberg expects a more modest 25-basis-point cut during the Fed’s upcoming meeting, emphasizing that panic-driven action isn’t warranted unless there’s a sharp rise in unemployment or a significant drop in hiring. Other analysts, however, note that labor market softness could still push the Fed toward more aggressive rate cuts.
This summer, the U.S. real estate market saw a post-pandemic high in homes for sale, offering relief to buyers. At the same time, new nationwide changes have been introduced to increase transparency and choice in how homebuyers and sellers work with real estate agents. These changes, resulting from litigation over broker commissions, require written agreements between buyers and agents before touring homes and emphasize the negotiability of agent compensation. While some commission details will no longer appear on MLS listings, compensation can still be discussed privately. Despite these updates, Realtors remain committed to their Code of Ethics, ensuring clients’ best interests are always prioritized.
Conventional: 6.625%
VA: 5.625%
FHA: 5.625%
DSCR: 6.875%
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.
