You two are doing a great job explaining the Santa Fe market and how this housing cycle and interest rate environment differ from times past. Hope you continue posting more content. You can do short items! It takes a while to grow a following, but you are both young, and before you know it the Terceros will be the first and last word on residential real estate in your cherished city.
Thank you so much for the encouragement! We don’t plan on stopping. The videos take time to produce and it takes time to build a following, just like you said. But real estate is the business we’ve hung our hat on. Been at it for 12+ years already, no turning back. Thanks for watching and for your comments. Benjamin will be reaching out to you!
Thanks for the info, with what you said were going to continue to hold on to our rental in Santa Fe. With a higher sell price down the road might as well continue to collect rents that well exceed our mortgage until then. Thanks again
I heard someone quote this recently, “the secret to staying poor is selling things that go up in value over time.” Couldn’t be more true! If you can manage your rental successfully without much of a headache, might as well keep it! Renter is paying off your mortgage, over time home will continue to increase in value. Even IF the market does crash, it’s always temporary. It’ll go back up. Only reason to sell is if it becomes a headache managing it or if you need to cash out and use the money towards another investment or some other life goal. Thanks for watching!
The market has been absolutely nuts. We’ve never seen anything like it. It’s tough to find anything for $250K. Maybe a townhouse or condo. But even those are pretty rare. $350-$400K seems to be a sweet spot, lots more inventory available around there. Thanks for watching!
@@davidpfaff9879 you’re absolutely right. It’s disappointing when we’re working with self employed folks who have a great business, have a good chunk of cash on hand but can’t prove their monthly income because the way they do their taxes. There’s ways around it, but it takes planning.
@@helpingthe5059 if you’d like us to connect you with a good local lender, let’s us know if we can introduce you. Most people don’t have the discipline to save $250K. You’re headed in the right direction. But if you need a loan to supplement the remaining balance of the home, you have to put the other pieces in place. Credit is important and tax returns for at least 2 years showing you have stable income. But honestly, you can negotiate with a lender when you have that much cash involved. You might have to pay a little higher interest rate, but I think they could help you put a loan together. Buying something for $250K cash straight out, there’s not much inventory to look at.
One of the best places to research crime is online. There are websites like CrimeMapping.com that scrapes public records and shows you what’s going on. You can also call the police department and ask questions about crime in different areas. The answer is it depends on where your coming from and your definition of what’s acceptable or not. Lots of people are coming from big cities like San Francisco or Seattle where crime is completely out of control. Compared to that, Santa Fe looks pretty good. And on the flip side, if you’re coming from some small town where everybody knows your name and you still sleep with your doors unlocked… well, you’re going to want to lock your doors.
Would love an update video on this as prices are slightly decreasing.
You two are doing a great job explaining the Santa Fe market and how this housing cycle and interest rate environment differ from times past. Hope you continue posting more content. You can do short items! It takes a while to grow a following, but you are both young, and before you know it the Terceros will be the first and last word on residential real estate in your cherished city.
Thank you so much for the encouragement! We don’t plan on stopping. The videos take time to produce and it takes time to build a following, just like you said.
But real estate is the business we’ve hung our hat on. Been at it for 12+ years already, no turning back. Thanks for watching and for your comments.
Benjamin will be reaching out to you!
Thanks for the info, with what you said were going to continue to hold on to our rental in Santa Fe. With a higher sell price down the road might as well continue to collect rents that well exceed our mortgage until then. Thanks again
I heard someone quote this recently, “the secret to staying poor is selling things that go up in value over time.”
Couldn’t be more true! If you can manage your rental successfully without much of a headache, might as well keep it! Renter is paying off your mortgage, over time home will continue to increase in value. Even IF the market does crash, it’s always temporary. It’ll go back up.
Only reason to sell is if it becomes a headache managing it or if you need to cash out and use the money towards another investment or some other life goal.
Thanks for watching!
It’s a crazy market right now we have 250k cash and looking for something decent but there absolutely nothing for that price
The market has been absolutely nuts. We’ve never seen anything like it.
It’s tough to find anything for $250K. Maybe a townhouse or condo. But even those are pretty rare.
$350-$400K seems to be a sweet spot, lots more inventory available around there.
Thanks for watching!
OK so what's your income? A $250k down is great, but without qualifying income you will be hard pressed.
I’m self employed and my last yrs income was 62000 but my credit is only 615 witch makes it hard for a loan from what the loan company says
@@davidpfaff9879 you’re absolutely right. It’s disappointing when we’re working with self employed folks who have a great business, have a good chunk of cash on hand but can’t prove their monthly income because the way they do their taxes. There’s ways around it, but it takes planning.
@@helpingthe5059 if you’d like us to connect you with a good local lender, let’s us know if we can introduce you.
Most people don’t have the discipline to save $250K. You’re headed in the right direction. But if you need a loan to supplement the remaining balance of the home, you have to put the other pieces in place. Credit is important and tax returns for at least 2 years showing you have stable income.
But honestly, you can negotiate with a lender when you have that much cash involved. You might have to pay a little higher interest rate, but I think they could help you put a loan together.
Buying something for $250K cash straight out, there’s not much inventory to look at.
What about crime and safety within the county
One of the best places to research crime is online.
There are websites like CrimeMapping.com that scrapes public records and shows you what’s going on.
You can also call the police department and ask questions about crime in different areas.
The answer is it depends on where your coming from and your definition of what’s acceptable or not.
Lots of people are coming from big cities like San Francisco or Seattle where crime is completely out of control.
Compared to that, Santa Fe looks pretty good.
And on the flip side, if you’re coming from some small town where everybody knows your name and you still sleep with your doors unlocked… well, you’re going to want to lock your doors.