Patrick Allen
Patrick Allen
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NAR Lawsuit Shock: How Buyers Agent Fees Are Changing Forever!
After less than a year since the verdict was rendered by a federal jury in Kansas City, MO, the Sitzer-Burnett anti-trust suit has already completely changed the Real Estate Sales industry. New forms, evolving business practices and more than a little bit of confusion & chaos.
Today's video presents all you need to know about what's changed, what's the same, and what it all means to the next generation of home buyers. Whether you are researching prior to starting your home search or simply curious to know what's been stressing out your Realtor friends lately... here's the full scoop!
1:18 - Disclaimer: Arizona case study
1:43 - Some Background
5:00 - The New Normal
5:28 - NOT Changing... #1
6:01 - IS Changing... #1
7:06 - NOT Changing... #2
8:05 - IS Changing... #2
8:50 - NOT Changing... #3
9:51 - IS Changing... #3
10:38 - Should You Still Use an Agent when you Buy?
12:47 - Final Thoughts: what IS changing?
Переглядів: 24

Відео

STR vs. MTR: Best Path to Financial Independence?
Переглядів 7Місяць тому
Cash Flow is not dead! Despite rising rates and disrupted economic trends, the modern real estate investor has more options than ever to create a great deal by exploring different strategies for updating & holding/monetizing the property... and in today's video two popular new options square off to settle which strategy is BEST. If you've ever been curious about the Short Term Rental or Medium ...
Buy a Duplex, NOT a Single-Family: A How To Guide
Переглядів 722 місяці тому
In celebration of our team's recent milestone of 25 closed buyer clients in the Tucson, AZ real estate market, today's video is all about Multi-Family deals: should you stick with a single-family home purchase... or is it worth it to buy a 2-4 unit deal instead? We dive deep into the differences you'll encounter buying a small Multi-Family deal, all in the name of helping you decide which asset...
Hansons Marathon Method - My Complete Review
Переглядів 3,4 тис.4 місяці тому
Today's video dives into the world of half & full marathon run training, via the philosophy of the Hanson brothers Keith & Kevin: founders of the Hanson-Brooks Distance elite running project. Included in Luke Humphrey's classic training book "Hanson Marathon Method" is a full training plan to nail your next marathon event... but do their claims hold up? The Hanson Advanced Marathon plan is up f...
It could've been a DISASTER...
Переглядів 995 місяців тому
When a real estate deal does not go your way, there is often only 1 thing you can do about it: PIVOT!! Check out my deal diary: how much did it cost to furnish a vacant home into a stabilized Short-Term Rental, how much was the property able to generate, and why did I want to sell that home in the first place?? I get into that and more: all of the stress and delays, neatly presented with #s inc...
Tucson Housing Market: Q1 2024
Переглядів 366 місяців тому
After a historic last 1.5-2 years, the local housing market is currently being pulled apart by two massive opposing forces. Market data seems to swing wildly from one week to the next: it's hard to know what is likely to happen from here. Today's video looks into the relevant data to offer insights into what is likely to happen as the rest of 2024 unfolds. Here is your local market update 0:36 ...
House Hacking has been Impossible! (Until Now)
Переглядів 336 місяців тому
House Hacking is BACK Baby! There is not much good news to be had in the real estate market these days: with eroding affordability, increased demand and cash flow non-existent, would-be investors everywhere are increasingly wondering how they can break into the REI market without breaking the bank? Today's video will highlight a brand new option for doing just that: by order of Fannie Mae, mult...
Why Visit Tucson? 5 Reasons to Winter in Arizona
Переглядів 2989 місяців тому
Why visit Tucson...? Because it's cold where you are, and because it is beautiful out here! If you're considering escaping the cold for a few weeks this winter or have ever been curious as to what advice a local would tell a potential tourist as to why Tucson, AZ is worth a visit, today's video is just for you! Check out my Top 5 favorite things to see & do in the Old Pueblo during the cool win...
Fall Training Update: Biking & Running in the Old Pueblo
Переглядів 7510 місяців тому
Nestled in the desert of Southern Arizona, we essentially have only 2 seasons: the LONG summer, and the beautiful NOT summer... and with the arrival of mid October the summer is over! Today's video is a quick update about how I've been spending my time lately: my Why of FI has always been to pursue endurance athletics, and the arrival of Fall offers endless opportunities for cycling, running an...
The Cap Rate Trap: Why NOT to use it on your next House-Hack (and what to do instead)
Переглядів 5110 місяців тому
Today's video dives into one of the most misunderstood aspects of non-commercial investment properties: the Capitalization Rate. You've probably heard that Cap Rate is the same thing as ROI, and that it's the MOST reliable way to analyze real estate deals... and that advice sets too many new investor up to fail in their very first real estate deal. We will explore what a Cap Rate is, why it is ...
Tucson Housing Market: Q4 2023
Переглядів 9611 місяців тому
Latest Market Update! Are you curious to know what the DATA says about the housing market here in Tucson? Are you considering buying a home, selling a home, or do you own a home locally and plan to hold onto it for the long haul? Whatever your situation this week's video will give you all you need to know to understand how the local economy is coming to grips with high inflation and the nation-...
My 5 Favorite Things: A Valueist's Approach
Переглядів 49Рік тому
This week's video is all about consumerism... kind of. While frugality & minimalism have their place in helping to keep the modern American consumer keep focused on the more important things in life, I find that some of us can take this sentiment a little too far in the opposite direction: fearing & resisting any type of consumerism, despite the never-ending stream of marketing & the limitless ...
Tucson Housing Market Update: Q2 2023
Переглядів 64Рік тому
Check out today's video for the data & professional interpretation of the Housing market of Tucson, AZ. With so much conflicting information in the media and a market forecast which seems to change on an hour-to-hour basis, it's valuable to home buyers & sellers of all sizes to keep up to date on the broad picture of where our market is currently, & where it might go from here. We will look int...
Deal Diary: Triplex House Hack in Tucson
Переглядів 35Рік тому
By popular demand, here is my Vlog post about my recent house hack. What is a House Hack? By combining an long-term investment home purchase with cheap, low-down payment financing options for a primary residence, house hacking allows for a ton of flexibility to decide which is the priority: Return on Investment or a comfortable, "dream home" scenario? Today's video delves into the whole story: ...
CashFlow Board Game: 4 Life Lessons to Find Your Cheese
Переглядів 44Рік тому
A new recording studio, an in-depth review of a funky but educational board game, and a major announcement of a brand new local networking event for investors in Tucson, AZ. All that & more in this week's video! Play CashFlow Online: www.richdad.com More info on AZREIA: www.AZREIA.org 0:00 - Teaser 1:59 - Game Background 4:29 - Lesson 1 6:16 - Lesson 2 9:01 - Lesson 3 11:47 - Lesson 4 15:14 - F...
How Super Mario Ruined A Generation (& How Pro Sports Redeemed It): The Dreaded Drama Triangle
Переглядів 33Рік тому
How Super Mario Ruined A Generation (& How Pro Sports Redeemed It): The Dreaded Drama Triangle
My Story: How I Found Triathlon (& Why I Moved to Tucson)
Переглядів 33Рік тому
My Story: How I Found Triathlon (& Why I Moved to Tucson)
My FI Story: How I Found Real Estate
Переглядів 79Рік тому
My FI Story: How I Found Real Estate
Q4 2022 Market Update Video
Переглядів 13Рік тому
Q4 2022 Market Update Video
Great Books: A Look into my Top 10 Favorite Business Books
Переглядів 43Рік тому
Great Books: A Look into my Top 10 Favorite Business Books
Channel Intro: Welcome to MyFi Life
Переглядів 84Рік тому
Channel Intro: Welcome to MyFi Life

КОМЕНТАРІ

  • @terrancescales6125
    @terrancescales6125 6 днів тому

    Man this was a great video for me to understand stand STR'S and MTR'S

  • @natethetoe386
    @natethetoe386 Місяць тому

    I was there with you. Nice time. I completed in 4:07. Hoping to get a 3:40 in 2025.

  • @slarsen6653
    @slarsen6653 Місяць тому

    Dude, these are the two books I am comparing!! Nicely done!

    • @MyFiLife
      @MyFiLife Місяць тому

      That's rad. I'm sure you'll find them both helpful in getting you to the next level

  • @ronbrotherton1006
    @ronbrotherton1006 3 місяці тому

    Their plan works. Followed the workouts/pacing as prescribed, qualified for and ran a PR at Boston. I highly recommend it for both 1-2 and full marathon.

  • @Min3styl3r
    @Min3styl3r 3 місяці тому

    For someone in week 2 of the Beginner Plan, this was a really good insight. Thanks a lot!

  • @seekingUltraNick
    @seekingUltraNick 3 місяці тому

    Great review of a great book! I’d have to agree with the overall structure of the plans -while very good and perhaps serving a more tenured athlete better, it’s worth checking out as a beginner as well. It’s funny you should mention Run Elite. I’ve found Andrew’s book to be very helpful and benefit from his YT content as well! Thanks for doing this!

  • @nrg_runs
    @nrg_runs 4 місяці тому

    Thanks Patrick, great video and great running!

  • @mikedickerson3944
    @mikedickerson3944 4 місяці тому

    Thoughts from a BQ-15 & Ironman World Championship Qualifier: For triathlon you’re pretty much keeping Tuesdays, Thursdays, and Sundays but swapping biking for the easy run days. Then you figure out how to best schedule 3 swims. Gym workouts are the toughest to fit in and often omitted, especially if your swimming needs a lot of work.

  • @petebardill6855
    @petebardill6855 4 місяці тому

    Thanks for the review. I'm currently week 16 of the beginner plan, prepping to run Edinburgh 26.2 at the end of May. There's not a lot of information out there on the Hanson's plan, but all the reviews I've seen have been positive. It is a tough plan and the cumulative fatigue is a real thing. I was glad to hear that I'm not the only one suffering at this point of the training. Thanks again and good luck.

    • @MyFiLife
      @MyFiLife 4 місяці тому

      Just around the corner now, good luck out there! Like I mentioned in the video: I felt bad basically every day until race morning, so it can all come back together for you. And as @stephenscullion262 put it: "You only have to run 26.2 miles at marathon pace ONCE, and that's on race day", so don't worry & be ready to send it

  • @AlbasDad242
    @AlbasDad242 4 місяці тому

    Great video. Thanks for the insight!

  • @ShawnIsBatman
    @ShawnIsBatman 4 місяці тому

    Thank you for your detailed review. As you mentioned, there are not a lot of good, detailed reviews of the program. Congratulations on your achievement when using the Hanon's program. Having watched your review, I feel much better able to assess if this will be a good option for me and, possibly more important, what I can potentially watch out for in certain points of the progression.

  • @Walina-gv9ph
    @Walina-gv9ph 11 місяців тому

    Where are you getting the purchase price?

    • @MyFiLife
      @MyFiLife 11 місяців тому

      It's just a theoretical example. The math works the same if a deal is $200,000 with $2,000 in monthly rent, or $400,000 with $4,000 in rent each month. Not saying that's feasible to find anymore: just to provide a baseline for what GRM that would equate to.

  • @AlitheAgent
    @AlitheAgent 11 місяців тому

    Duuuude GREAT job of taking boring data and making it APPLICABLE to buyers, renters, homeowners. keep crushin it!

  • @jodifranchi9681
    @jodifranchi9681 Рік тому

    Promo sm 😍

  • @adrianavila4558
    @adrianavila4558 Рік тому

    Thank you for this, it was extremely- I’m a new home buyer and I am trying to do everything in my power to ensure I make an informed decision on my first home.

  • @sula7858
    @sula7858 Рік тому

    P r o m o s m

  • @MichaelaMovesHouses
    @MichaelaMovesHouses Рік тому

    I like the way you summarized the topic and made the connection to sports. I will say, sometimes the best people in our lives may appear to be a nemesis.

    • @MyFiLife
      @MyFiLife Рік тому

      Yeah, I thought it was a pretty genius reframe

  • @TerryDaleyAdventures
    @TerryDaleyAdventures Рік тому

    Patrick!! Holy cow - this is legit. The "FIRE" part cracked me up. Love it. I want to know how you got all these awesome animations and footage. Super stoked for you to start your channel!