Відео

Turns out Bre and Amanda already knew about it before filming and brought it to camera so Amanda can get on the show lol. That’s the reason why Emma is upset. Emma knew things the others didn’t. Bre and Emma were close and Chrishell isn’t one to stop bring friends with someone for no reason and now Chrishell isn’t close to Bre because she found out some things.

I think the reason why there wasn't many houses because the real estate market is not doing well. It's a miracle they sold the few that they did that season!

It's the housing market! Nobody wants to buy right now because the prices became way too high along with the interest rates. So people are waiting until next year or the year after for the market to come back down to reality again

@@AndyColeman So until then, we get more drama and Jason dating 23 year olds.

Exactly! I'd rather help people out then profit off of them. It's just so risky to buy right now and think about it like this... The less people buy right now the higher the inventory will get and the cheaper the prices will become. Which is good for everyone. More people need to see this so we can work towards correcting the market!

I'm going to film a review video and actually use drag strip mode with a full battery charge this time!

Thank you I appreciate that!

What do you mean? Chicago is a city in Illinois

Good catch!

The numbers won’t workout as easily as you think they might, don’t trust what you read online. some things are simple but not easy.

You should at least be able to break even but there are so many variables. The numbers need to make sense and you need to account for the mortgage, interest, taxes, utilities, insurance and maintenance. And how much are you putting down? PMI? What if they stay vacant for a few months?

Curious if you agree with my reply.. is that what you meant?

Too bad he didn't wait to sell! But that's exactly the issue unfortunately. That never should have happened and the reason why it's next to impossible to buy a house for the average person.

I know the feeling! Listen if you can find a way to buy right now it is okay, just know that you will have to stay for at least 10 years for it to financially make sense and you will be spending more per month compared to renting the same exact house. I would just invest the downpayment into something safe like a high yield savings account, wait for the stock market to go down again, then put that into an index fund like VOO, then once the housing market cools off in a few years use that money to buy an even nicer house then you could right now!

@@AndyColeman thank you for honest advice Andy it is appreciated 🙏

That's what I'm here for!

@@AndyColeman I was watching one of your other videos, in regards to places not to buy. Up here something that is a little more affordable is co-ops and condos. I know you say stay away from anything with an HOA, however these type of properties tend to be more affordable in my area. Furthermore I will most likely be staying at this place for the next 15- 30 years possibly. Would you still advise to wait out the market in this scenario?

Basically. I don't think I can even name another city in Illinois 😂

Three different commentors here trying to discredit all the important (and accurate) things he said just because he misspoke about Chicago. Wow.

@CaptainCaveman1170 it's funny I actually did that on purpose to get more comments. Was just testing it out and it seemed to work 🤣

@CaptainCaveman1170 mine was a joke, not to discredit anyone. I guess I should have put jk (just kidding) beside the lol for the sensitive people out there.

The problem is it's actually very hard to be an agent. I know it sounds like a lot, 3%, but most agents only do a few deals a year because it's difficult to actually close transactions. Most of the time agents do a lot of work and don't get paid. I don't agree with the system but that's the way it's been for years.

In July 2024, there were 35,829 homes for sale in Colorado, up 25.7% year over year. Meaning inventory is on the rise so demand has slowed and prices have come down from the peak in 2022. Not a bad time to buy if you are holding long term, but I suspect for it to drop even more IF they keep interest rates high. If they lower interest rates then expect prices to go up and inventory to go down.

That's unfortunate, you could always rent out your house and use the income to pay for renting a single family home for yourself. Ever thought about that option?

Taxes are a real issue, and peoples pay haven't caught up with the cost of living going up so it's becoming much harder to live.

Agreed! Do you own or rent now?

My mortgage is cheaper than my previous rent. What are you talking about? 😂 why would you not be able to travel if you own? It’s the same as when renting you just pay someone else instead of into your equity

You must have bought before 2022 then. If you buy a house right now trust me it won't be cheaper then renting the same house 9/10 times

Nope you don't need it for any tenant you work with. It's only for buyers

@@AndyColemananother reason Florida is better than Texas. We have a buyer tenant agreement form.

We have a form as well. It's just not required. I would check with your board of realtors and find out if it's actually a law if it's legally required because federally it is not

It's that late at night. You can reach out to them right away or get back to them in the morning depending on if you're up or not. I used to get back to them at that hour all the time

Absolutely! I do this for apartments as well. Obviously my strategy changes a little bit but it's somewhat similar. What area are you in? If you're MLS properties don't pay that much then do the apartments cuz you can make even more that way

@AndyColeman yes the Apartments pay between on average 100%-200% of 1 month. I am looking to get into this niche, to add to Rental homes.... Austin TX.

You could actually do MLS properties in Austin as well because some of the places will pay a little bit more. But yeah stick to the apartment complex then that is a crazy amount to make off doing a rental

I've done that a few times, I'm curious how many rentals you are closing a month though? I always felt it scared away potential renters and does more harm than good.

I’m new to working with rentals. Only a few months in. But, I did waste time showing rentals & they just completely disappeared. Saturday, I had 3 people that paid the retainer. They had no problem with sending it & signing an agreement. Now, I realize that I only want to work with ppl that will pay the retainer Also, I am in South Florida as well. Miami. Also an eXp agent. You inspire me ❤️

That will happen for sure, it's just part of the business keep in mind! I have an advanced strategy to have them fill out the rentspree report first, which is basically like doing a retainer. However this way I know if they get accepted before even doing the showing! Try that out next, it will be a game changer! I made a video on it: ua-cam.com/video/rzCsWV1ZTXU/v-deo.html

I don’t charge fb marketplace a retainer, I just very very thoroughly rent them and explain what exactly I’ll do for them…works 95% of the time, some people still ghost.

It's different for every area around the country. To start off.. what area are you in?

@AndyColeman I'm in Florida. So, what you are saying is that your program does not work in the States?

I am in Florida too and it works very well here. I am in South FL though. Which city are you in?

@@AndyColeman Ocala

Thats why! You don't make as much in that area. Move to South FL lol

Yes I do! I actually cut that part out for privacy reasons. A lot of times I also have them fill out a rentspree application first. I did it a little bit different this time just to show you that you can start off doing showings first since a lot of agents don't have the experience to ask for an application before they show a property.

You're going to crush it!

Definitely works in any Market as long as you can get paid to do a rental deal. What is your average commission per rental for apartments? And then what is it for MLS properties?

You should! I just had an agent make $42,000 in 30 days closing 19 deals! You can watch the interview i did with him: ua-cam.com/video/b_uuaLkVwvE/v-deo.htmlsi=xOAETuiIzSW4Y4Mr

Absolutely, it works incredibly well. Watch some of my other videos cuz I break down how I'm making $50,000 a month with tenants. I'm actually releasing a video tomorrow doing a live step-by-step guide from an actual tenant rental deal. Just be careful how you talk to the tenants when doing the application cuz if you don't do it right they're going to get scared off

I know it's confusing but If you actually watched the video you would know I never said that. I said the concession goes to the buyer who then pays the buyers agent. Try rewatching it.

Hey Shannon what area are you in? That makes a huge difference. I'm in South FL so i get 50% but this changes per city and state

Thank you Richard!

Do you mean as a seller or buyer? I negotiate with sellers all the time on the commission and always get 5%... So for me it was never 6%

Thank you Steve!

You're welcome! How has the changes impacted you so far in your market?

Thank you I appreciate that! I know the new rules just went into effect but how has the change affected you so far?

I appreciate that! It took me a very long time to find that person to share things with and a ton of heard work to be able to afford cool toys like this!

You put it on the Ctl

Ctl and lease

Yeah apparently I'm saying that wrong and never realized it

I appreciate the feedback and going to improve when I film the next video.

I was actually wondering what do you think about the federal banking system that I need to understand better?

Except the house prices are actually dropping in certain states and I presented data and I have real world experience to back it up

I'm not sure about 10 years ago because the market only started going up significantly about 4 years ago. The majority of that price increase happened in the last few years and that is the major problem here that the prices of homes went up way too much way too fast. It should have taken close to 20 years to get to these prices. Income hasn't risen enough for people to be able to afford these outrageous prices cuz you're correct, they're super expensive for no good reason

@@AndyColeman Correct, but SFO bay area (where I live ) that been increasing since 2010. There is a house half a mile from my rental place, it was sold for 1.01 M in 2010 and now, they have it in market for 2.9M. The one house that I was looking at in 2014 is in Pleasanton, CA. It is/was in the market in May 2024 at 350% over last sold. I live here and I cannot move, so my entire world revolves around this area, unfortunately.

Yeah, every area has different little pockets like that that are kind of different than the norm. Especially California. It's like its own planet over there. Just wait until you guys get a new governor though and they start reversing some of these insane policies, the prices of real estate are going to skyrocket even more

@@AndyColeman Can you make video on that, specifically? At this point, I'm waiting for my kiddo to graduate and head to college, this way I can leave the state.

Ahh you want me to make a video on how the governor screwed up California and what's going to happen after he leaves office?

So yes, I charge a $300 transaction fee to the tenant. It would be especially helpful for you since you do not make that much compared to what we make in South Florida. So if you're making nothing on rentals, it's at least worth it to make a few bucks

First, what's your plan after you buy, how long do you plan on keeping the house for? So in the Northeast the inventory is very low meaning they are peaking right now. In FL we already peeked and we're on a steady decline because our inventory is rising. In terms of Chicago, that is more in the Midwest. It appears that inventory is down 65% from pre-pandemic levels so it's fairly similar to the Northeast, just not as bad. Meaning they are probably peeking as well. So if you get in now just expect the prices to eventually drop if they keep interest rates high. However, if the FED starts lowering rates then the prices are going to go up even more and the inventory is going to drop even more. So it really just depends on what you believe the FED will do. I personally think they are going to keep the rates high, maybe cutting them one time before the election and then either keeping them there or raising them over the next couple years to stabilize the market again and bring inflation down to the desired 2%.. Issue is our deficit... so I'm not sure how they're going to handle that if they keep rates high. So To really answer your question Do you plan on keeping the house for at least 10 years?