Friday Jul 05, 2024

EP 61: Tavis is a tub guy? $3 Billion in Residential Sales, Buyers Market!

In this conversation, Tavis and Ashton discuss various topics related to real estate flipping and the current market conditions. They talk about Tavis' ongoing flip project on Castle Rock and the renovations he's making, including adding a tub in the master bath. They also discuss the importance of understanding the market and properly comping properties.

Ashton shares his experience with selling a house in a neighborhood where the builder is still selling new builds and the challenges that come with it. They also touch on the Dallas real estate market and the increase in inventory and decrease in closed sales. In this conversation, Tavis and Ashton discuss changes in the real estate industry, including the optional buyer's commission and the affordability of homes in McKinney, Texas.

They also mention the passing of Ellen Terry, a pioneer in the Dallas real estate world, and the development of a lacrosse complex in Addison. They briefly touch on tax lien investing and mention their upcoming interview with Ben Baker.

Keywordsreal estate, flipping, market conditions, renovations, comping properties, builder competition, Dallas market, real estate industry, buyer's commission, affordability, McKinney, Ellen Terry, lacrosse complex, Addison, tax lien investing, interview, Ben Baker

Takeaways

Properly comping properties is crucial in real estate investing
Understanding market conditions and trends is important for successful flipping
Adding desirable amenities like a tub can increase the value of a property
Selling aftermarket houses in a neighborhood with builder competition can be challenging
The Dallas real estate market is experiencing an increase in inventory and a decrease in closed sales The real estate industry is undergoing changes, such as the optional buyer's commission and the affordability of homes in certain areas.
Ellen Terry, a pioneer in the Dallas real estate world, passed away at the age of 85.
A lacrosse complex is being developed in Addison, reflecting the growing popularity of the sport in the area.
Tax lien investing is an interesting investment strategy that involves buying tax debt and potentially acquiring properties.
The hosts mention their upcoming interview with Ben Baker.

Titles

The Importance of Properly Comping Properties
Adding Desirable Amenities to Increase Property Value Remembering Ellen Terry
Exploring Tax Lien Investing

Sound Bites

"You're bucking the trend of taking out tubs and you're actually bringing in tubs"
"There's actually some news that came up on one of the forums I was checking out"
"If you can't value houses, you might as well just go do something else"
"They're going to change the infrastructure of actually the MLS itself here soon."
"Commissions have gone up a little bit... a lot of your three percenters are coming down to two and a half."
"There will be a feeling out period, and at some point, the market will correct itself."

Chapters

00:00Introduction and Technical Difficulties

01:34Discussion about Ashton's Flip Project in Castle Rock

07:29Market Update: Increase in Inventory and Decrease in Closed Sales in Dallas

14:15Consideration of Selling Sweetwater and Finding an Agent

21:02Changes in the Real Estate Industry

30:01McKinney: The Most Affordable Town

31:29The Rise of Lacrosse in Addison

39:14The Dallas White House

40:50Exploring Tax Lien Investing

43:26Upcoming Interview with Ben Baker

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