This is What You’ve Been Waiting For! 🏡

/in /by

Today’s Show:

Third time’s the charm😉 – Here comes our third market update of the year! 🏠 With the constant changing rates and all the headlines of a coming “crash” we thought now would be a great time to review the stats 📈 and talk with some of our favorite experts in the field of Real Estate. As usual, Tara Krieg of AmeriFirst Financial, Joe Smith of Epic Mortgage joined us in the studio while Anthony Penna of Navi Title joins this fun and insightful conversation remotely. Tune into today’s show to learn how the housing market affects single moms, what the anticipated interest rates are for the coming months, and the weighing reality on today’s value of homeownership!
Wanna see the stats for yourself? Check out our blog post with all the data from today’s show and more!
https://integrityallstars.com/current-housing-market-stats-predictions/

Listen & Learn

0:52 – Rebecca introduces Tara, Joe, and Anthony

1:11 – Recap of the previous market overview episodes

7:27 – “[Real estate market] won’t see huge gains for the rest of the year”

9:04 – Anthony and Tara on multiple offers and price increases

10:22 – Analysis of the big slow down in the real estates

12:06 – The advantage of buying

15:33 – Single moms are hit most in the mortgage business

17:57 – Arizona is having a California problem

20:58 – Wins for the real estate market

23:43 – What has happened over the past two years

25:00 – Cromford Market Index’s red flag warning

34:23 – Anthony on why housing market is not a bubble ready to pop

39:03 – Tara and Joe on adjustable-rate mortgage (ARMs)

41:05 – On inflation and how mortgage is not a challenge

42:40 – Equity harvesting amid the pandemic

43:53 – “It’s America. People love credit.”

45:40 – Homeownership being a hedge against inflation

47:25 – Percentage of institutional cash buyers in the Phoenix market

49:24 – Anthony’s myths on today’s housing market

51:38 – Buyers’ education and behavior on interest rates

53:58 – Joe’s prediction on interest rates in two months

54:48 – Tara’s insights on price reductions and interest rates

55:29 – Rebecca on buyer’s remorse and cancellations

56:07 – Anthony’s prediction on interest rates in two months

57:55 – Tara reiterates the need for education in real estates

Special Guests:

Anthony Penna – Director of Sales & Marketing at Lawyers Title

“There is nothing more satisfying than helping people achieve their goals by providing them with opportunities to excel in their business. It’s an awesome process that I feel very fortunate to be a part of.” Navi Title Agency is an Arizona-based full-service title agency. They offer competitive escrow and title solutions complemented by a strong tradition of grassroots standards.

Phone: 602-510-8848
Email: apenna@navititle.com
Website: www.navititle.com/

Joe Smith – Owner/Broker of Epic Mortgage

Joe Smith first started in the mortgage business in 2002 as a loan officer. He quickly established himself as a top producer, eventually managing the state of Arizona for a top 10 mortgage lender. After 17yrs in traditional retail banking, working for many top companies in the mortgage business he decided to make a jump to becoming a mortgage broker himself. Currently, Joe is the Broker and Owner at Epic Mortgage and is definitely someone you’re gonna want to go to for advice on lending!

Phone: 602-741-4121
Email: joe@myepicloan.com
Website: www.myepicloan.com

Tara Krieg – Senior Loan Officer at AmeriFirst Financial

Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage related financial consulting and planning, and personal coaching of Junior Loan Officers.

Phone: 480-344-1951
Email: tkrieg@amerifirst.us
Website: www.tkteam.us

Follow us on Facebook @GratefulHeart.Tv 😄

Listen 📻 to the full show anywhere you stream podcasts!

How To Avoid Capital Gains Tax 🙅 With A 1031 Exchange

/in /by

Today’s Show:

If you recently bought a home🏠 and are thinking of moving before your two years then you NEED to watch this episode! Today we have expert Rick Wittstock in studio to educate us on 1031 Exchanges and Capital Gains Tax. 😬1031 Exchanges are one of the biggest kept secrets in real estate investing. Many investors use 1031 exchanges to save BIG 🤑 on taxes and so can you! Watch today’s episode to learn exactly what requirements are needed to do a 1031 exchange, what capital gains tax is, and why you want to avoid it.🙅

Listen & Learn

1:14 – Rebecca Intro’s Rick

2:40 – Rebecca’s example of capital gains tax

6:00 – Second homes & 1031 exchanges

8:15 – Requirments for a property to be used as 1031 exchange

9:00 – Real-life 1031 case scenario

10:15 – What are the rules for a 1031 exchange?

12:44 – The other caveat on 1031 exchanges

17:00 – Rick’s company & website

18:00 – What is the Delaware Statue Trust?

19:30 – What is a Delaware Land Trust?

21:20 – Reverse 1031s & what that means

23:00 – The normal process of a 1031 exchange

24:55 – The Dream Home Act

28:28 – About Rick & how to contact him

Special Guest:

Rick Wittstock – Vice President / Account Executive at IPX1031:

With over 20 years in sales, business development, real estate and residential mortgages, Rick Wittstock brings a wealth of vast knowledge and experience to IPX1031. As Vice President and Account Executive for Investment Property Exchange Services, Inc., he offers 1031 continuing education classes throughout Arizona and New Mexico to investors, real estate agents/brokers, attorneys, accountants and financial planners. Rick’s expertise of 1031 Exchange rules, 1031 regulations and 1031 strategy, coupled with impeccable service allows him to efficiently and easily guide clients through a seamless tax deferred 1031 Exchange transaction. Rick holds a Business Management degree from Dalhousie University in Nova Scotia, Canada.

Phone: (602) 224-8818
Email: rick.wittstock@ipx1031.com


Listen 📻 to the full show anywhere you stream podcasts!

If you enjoyed this show please Like💖, Subscribe & Rate⭐us!