How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
How Creativity Can Transform a House with Eric Drake
enFebruary 04, 2022
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
Creativity can bring a new look to a house and even bring up its value. In this episode, I have Eric Drake joining me on the show. He is a contractor with a very artistic eye. Working with Eric is one of the best things that has happened to me. I have seen how creativity can transform a home without breaking a bank. Eric insists that you need to consider time, budget, and quality of the output when doing any renovation.
In this episode, Eric will take us through some of his favorite projects, advise on things that should worry us the least when remodeling a house, questions to ask when hiring a contractor, among other things. If you have a home or homes that needs remodeling, it would be best to listen to this episode.
Key Talking Points of the Episode:
[01:13] Eric’s background in contracting
[02:47] The first house that Eric and I did
[03:16] Eric’s experience working with SPD
[04:09] Eric’s favorite projects
[12:15]When flipping a house, which parts of the house shouldn’t worry you, especially when it comes to flipping?
[15:02]Questions that people should ask when hiring a contractor to remodel the kitchen and bathroom in their personal home
[17:41] What gets Eric motivated?
[23:09] One of the craziest mistakes that Eric has made
[25:24]People that Eric would like to spend time with
Quotes from the Episode:
“You take everybody’s knowledge and put it in one lump sum and make fine tune that’s smooth.”
“Every house I do. I’m going to pretend that my kid both my kids are going to live there.”
“Anything can be done. It’s just a matter of, picking your battles.”
“Every good idea is grown from another idea.”
Recent Episodes from Mistake FREE Real Estate With Marck de Lautour
Navigate Real Estate Like A Pro
Marck joined Greg Helbeck on the Real Estate Investing Fast Track to discuss all things real estate from what it's like to invest in the Midwest, Marck's business model with SBD Housing Solutions, to new construction in Kansas City, and how to find buyers.
How to Use a 30-year Fixed Mortgage with Richard Advani
Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.
Transforming Your Mindset with Brad Chandler
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Takeaways From the Nation's Top Real Estate Investors with Jimmy Vreeland
Jimmy Vreeland joins Marck de Lautour on the Mistake Free Real Estate podcast to discuss their takeaways from the Collective Genius Mastermind which features the nation's top real estate investors and what top real estate investors in the country are doing to grow their business.
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
How Agents Can Take Advantage of the Real Estate Market with Tom Cafarella
How agents can take advantage of the real estate market.
What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023