ilmscore | Can't Find Tenants? Do This! & How to Pay Off Your Rental Properties

Predictions from this Video

Total: 7
Correct: 5
Incorrect: 1
Pending: 1
Prediction
Topic
Status
By refinancing his BURR project, Xander is predicted to pull out significantly more than $15,000 in equity.
"when you refy you should be pulling some money out of that sucker it sounds like and you're probably going to get a lot more than the 15K"
Real Estate Investing (BURR)
Pending
Buyer-side real estate commissions are predicted to drop below 2% due to a new ruling.
"with the new ruling it's probably going to become even less than 2%"
Real Estate Commissions
Incorrect
More people will focus on paying down interest rates on their debts in the future, particularly if interest rates continue to rise.
"I think in the future we're going to see more and more people focusing on paying down interest rates especially if they keep going up"
Debt Repayment Strategy (Real Estate)
Correct
Buyer-side agent commissions will likely fall below 2% due to a new ruling.
"I've never as a buyer side agent got a 3% commission two and a half has been the best that I ever got and it's now getting into the 2% and with the new ruling it's probably going to become even less than 2%."
Real Estate Commissions
Correct
More people will focus on paying down high-interest debt, especially if interest rates continue to rise.
"I think in the future we're going to see more and more people focusing on paying down interest rates especially if they keep going up."
Debt Pay-down Strategy (Real Estate)
Correct
The age of a renovated house (1 vs 3 years old) will not significantly impact its appeal to most buyers on the MLS, as buyers are primarily concerned with aesthetics. Buyers preferring brand new homes typically go to builders.
"I've not come across people that say I I don't want to buy a house that's 3 years old I want to buy one that's brand new if they do think that way they're going to a builder they're not looking at something on the MLS to go buy so good point by pointing that out I don't think that that's very relevant it's more of how pretty is the house whether it's one years old or three years old isn't going to matter to most buyers"
Real Estate Buyer Preferences
Correct
Selling a house that was rebuilt after fire damage will not be an issue as the new structure will pass inspection and not carry the original damage stigma.
"you had it rebuilt so the house that they're buying doesn't have fire damage you H you got rid of a house that had fire damage tore it down rebuilt a new home so you're going to get a home inspection on the new house and it's going to be done to code so I don't think that that will be a factor"
Real Estate Sales (Fire Damage Disclosure)
Correct