EP 94: Is Money Everything in Real Estate? DFW Pizza Talk, 3 Flips Under Way, DFW Market Update

In this episode of the Real Estate Heavyweights podcast, hosts Ashton Hines and Tavis Westbrook discuss their journey in podcasting, share insights on real estate market trends, client interactions, and the challenges of property management and renovations. They also delve into the current state of property taxes and legislative updates affecting homeowners in the DFW area. In this conversation, Tavis Westbrook and Ashton Hines discuss various topics related to real estate, including property tax controversies, the closure of Neiman Marcus, the vibrant food scene in Dallas with new pizza places, and lessons learned from real estate investing. They delve into the challenges of building new homes and the importance of timing and action in the real estate market.

takeaways

• The podcast has evolved from a nervous start to a more relaxed format.
• Flexibility in scheduling has been key to their podcasting success.
• Finding off-market opportunities is crucial in a competitive real estate market.
• Client interactions often involve educating them on market dynamics.
• The DFW real estate market is experiencing fluctuations in inventory and pricing.
• Renovation trends have shifted, allowing for more original features to be retained.
• Networking with neighbors can lead to unexpected opportunities.
• Legislative changes regarding property taxes are minimal and often disappointing.
• Understanding market trends is essential for pricing properties effectively.
• The importance of adapting strategies based on market conditions is emphasized. Capping property taxes would be beneficial for homeowners.
• The closure of Neiman Marcus reflects broader market changes.
• New pizza places are revitalizing the Dallas food scene.
• Investing in real estate can lead to significant losses if not managed properly.
• Timing and market conditions are crucial in real estate investments.
• Building new homes can be profitable but comes with challenges.
• Experience in real estate helps in making better investment decisions.
• Understanding the local market is key to successful investments.
• Networking and building relationships can lead to better opportunities.
• Action and experience are essential for growth in real estate.

titles

• Navigating the Real Estate Landscape
• From Podcasting to Property Management
• Understanding Market Trends in Real Estate
• Client Interactions and Insights
• The Future of Property Taxes in DFW

 

Chapters

00:00Introduction and Podcast Journey

04:57Real Estate Insights and Client Interactions

10:04Market Trends and Analysis

18:00Property Management and Renovation Challenges

26:01Property Tax Discussions and Legislative Updates

28:04Property Tax Controversies and Market Changes

30:35Neiman Marcus Closure and City Developments

31:36Food Scene: New Pizza Places in Dallas

38:59Real Estate Investing: Lessons Learned

46:59Building New Homes: Pros and Cons