The Real Estate Heavyweights

EP 59: Rates Finally Dropping? Living In Hell w/ The Californians, Should You Hire a Property Manager?

In this conversation, Ashton and Tavis discuss their experiences in the real estate industry and the challenges they face. They talk about the potential for scaling design work and creating floor plans for resale. Tavis shares his expertise in design and how he incorporates it into his real estate projects. They also discuss market updates, including the possibility of a rate cut by the Federal Reserve. They touch on news stories, such as a property dispute in Maine and the presence of fast food chains in high school cafeterias. They end the conversation by discussing the percentage of Americans who own their homes outright. The conversation covers the topics of downsizing, selling houses for cash, the influx of people from California and New York to smaller towns, self-managing rental properties, and the pros and cons of professional property management.
Keywordsreal estate, design work, scaling, floor plans, market updates, rate cut, property dispute, high school cafeteria, homeownership, downsizing, selling houses, cash buyers, influx of people, self-managing, property management
Takeaways
Design work can be a valuable skill in the real estate industry, and there is potential for scaling and creating floor plans for resale.
Market updates indicate a relatively flat market in the DFW area, with increased sales activity and inventory.
The Federal Reserve may consider a rate cut, which could impact the real estate market.
News stories highlight property disputes and unique features in high school cafeterias.
A significant percentage of Americans own their homes outright, indicating a focus on wealth building and retirement planning. Many people have taken advantage of the increase in home equity by downsizing and selling their houses.
Cash buyers from California and New York are moving to smaller towns and paying cash for properties.
Self-managing rental properties can be a viable option for landlords who have the time and expertise to handle tenant issues.
Property management companies provide a more hands-off approach for landlords, but it's important to find a reputable company.
Clear communication and setting expectations are key to successful landlord-tenant relationships.
"Is design work something that you can scale?"
"Creating 3D renderings and floor plans can make it easier for consumers to get bids from contractors."
"Prosper High School cafeteria has a Sonic, a Pizza Hut, and a Jimmy John's."
"You've had several people that may have taken advantage of the increase of equity over the last several years and selling their house and then downsizing."
"They can go to another town, they can come to Dallas or as in our story in Tennessee, they can go there and pay cash for a really nice place and then all of a sudden they don't have a mortgage."
"There's way too many people from New York and California coming there. I mean, that was the gist of the article."
Chapters
00:00Introduction and Background
04:02Market Updates and the Potential for a Rate Cut
09:06Property Disputes and Unique Features in High School Cafeterias
22:59Downsizing and Selling Houses
24:44Cash Buyers from California and New York
28:39Self-Managing Rental Properties
30:24Pros and Cons of Professional Property Management
 
https://www.youtube.com/channel/UC0_YQAQ2v0PFKLLV8rPFw-Q
 

EP 58: Kanye West House Flipper, Fed Says Rate Coming Down, Is Wholesaling Going to be illegal?

Tavis and Ashton discuss Tavis' recent trip to Mexico and his ongoing house flipping project. They also provide a market update and discuss news stories about Kanye West's Malibu house and Lennar's plans for housing development in Crandall, Texas. In this conversation, Tavis and Ashton discuss the potential impact of new laws on the real estate industry, specifically in relation to wholesaling. They also touch on the importance of disclosure in real estate transactions and the challenges that come with it. Tavis shares his perspective as a seasoned wholesaler and emphasizes the need for experience and knowledge in the industry. They also discuss the convenience factor in selling properties and the value it holds for sellers. Overall, they anticipate potential changes in the industry and the need for adaptation.
KeywordsMexico, house flipping, market update, Kanye West, Malibu, Lennar, Crandall, real estate, wholesaling, disclosure, convenience, regulations
Takeaways
Tavis shares his experience in Mexico and the challenges of managing a house flipping project remotely
The real estate market is showing signs of stability, with the possibility of a rate cut by the end of the year
Kanye West's Malibu house is on the market at a reduced price after extensive renovations
Lennar plans to build 3,700 homes in Crandall, Texas, indicating growth in the area Wholesaling in the real estate industry may face new regulations and licensing requirements in some states, as seen in South Carolina.
Disclosure is crucial in real estate transactions, but there are challenges in fully disclosing information about contractors and warranties.
The convenience factor plays a significant role in selling properties, and sellers often prioritize convenience over maximizing profits.
Experience and knowledge are essential in successful wholesaling, and inexperienced wholesalers can lead to negative experiences for sellers and buyers.
The real estate industry may undergo changes and adaptations in response to new laws and regulations.
Titles
Kanye West's Malibu House on the Market
Market Update: Rate Cut and Real Estate Stability The Value of Convenience in Selling Properties
The Importance of Disclosure in Real Estate Transactions
Chapters
00:00Tavis' Trip to Mexico and House Flipping Challenges
05:16Market Update: Rate Cut and Real Estate Stability
24:01Lennar's Plans for Housing Development in Crandall
29:41Terrell's Advertising Strategy
31:37The Importance of Disclosure
34:35Challenges of Fully Disclosing Contractors and Warranties
38:05Shifting Focus to Flipping Instead of Wholesaling
45:24The Potential Impact of New Laws on Wholesaling
56:14Adapting to Changes in the Real Estate Industry
 
The Real Estate Heavyweight Podcast Youtube Channel
 

EP 57: Real Estate Ice Cream Truck, DFW Market Update and No More Therapy for Ashton!

It's a big day in Real Estate Heavy Weight land as Ashton gets to talk about him leaving his W-2 job as a physical therapist assistant and transitioning in to full-time entrepreneurial life in real estate and social media! Plus the guys talk about the DFW market, the news of the day including Open Doors' new unique marketing tactic and then they talk about a potential listing for Ashton that is a super unique property that has a lot of different things to consider when finding value. 

EP 56: Buying or Selling a House Where Someone Died, Mesquite Movie' on Up, DFW Market Update and How to Deal w/ Natural Disaster as Investors

Today Tavis and Ashton dive deep in to the world of DFW real estate including what the MLS is saying about the market, how to go about buying or selling a home where someone has died plus how to deal with natural disasters when you have a flip or rental in your portfolio!

EP 55: Interview w/ Meagan Miksch - Austin Designer, Flipper, AirBnB Owner and Entrepreneur

Today Tavis and Ashton sit down with Meagan Miksch to talk all things design, flipping, airbnb and more. Meagan and her husband Dustin live in the Austin area and have a great business there and in Abilene. Meagan has gone from being a self taught designer to opening a successful staging business to now doing design work for clients as well as working on their own flips. This is a great interview!

EP 54: RIP DR Horton, We Work Bankruptcy, DFW Market Update and Exterior Flipping 101

Today Tavis and Ashton take a look at the DFW market as it looks on the MLS. Then they take a look at a little bit of real estate news including the death of DR Horton and Ashton reminisces about his time installing hundreds of blinds for DR Horton homes in the early days of his career. They also talk about We Work  and the concept of co working spaces and their proliferation in DFW. Then they talk in depth about the aspects of the exterior of a home and what things you should and should not pay attention to when flipping. 
 
https://www.youtube.com/channel/UC0_YQAQ2v0PFKLLV8rPFw-Q

EP 53: Interview w/ Jordan Bellinger - Learning from Tragedy & Focusing on Value to Grow a Huge Business

Podcast Description
In today’s episode Tavis and Ashton interview Jordan Bellinger. He’s a DFW real estate agent who has a lot to teach in the way of what he learned after experiencing the tragic loss of his brother. Jordan dives deep in to how best to help a friend or co-worker who is experiencing loss. Jordan also has build an amazing real estate business and is a great follow on social media as he creates actionable content for agents and consumers alike. 
 
https://www.facebook.com/jrbellinger
https://www.youtube.com/@TheRealEstateHeavyweights/videos?view=0&sort=dd&shelf_id=3

EP 52: No Rate Cut in Sight, RIP Red Lobster & A Cautionary Lesson on Investing with Others

Tavis and Ashton take a deep dive in to the DFW real estate market looking at the MLS and the trends of the day including the fact that rates seem to be flat or increasing in the near future. Also we lament the loss of a long standing restaurant in town and then dive deep in to the metrics of what to look for when investing with someone else or what you want to offer as facts when taking on an investor. 
 
https://www.youtube.com/channel/UC0_YQAQ2v0PFKLLV8rPFw-Q