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
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.
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!
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.
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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
Rick Wittstock – Vice President / Account Executive at IPX1031: