#30 - The Right Decision Can Feel Prickly with Libby Kyros Part 2
All Ships Rising
:15 Intro to Libby Kyros who is a loan officer with Guaranteed Rate, her line of work, and tips for non W2 workers 2:07 Types of clients she works with and the process of helping them through the loan process 2:51 If the client needs guidance through the process financial goals are discussed 3:35 Her company offers a concierge refinance team 5:49 Being comfortable in your current mortgage payment is a priority 6:38 It’s an incredible opportunity to be able to invest in real estate right now 8:00 Being denied the opportunity to refinance and the complex feelings around that...
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#29 - What the Feds Is with Libby Kyros Part 1
All Ships Rising
Subject Points: :42 - Intro to Libby Kyros and her knowledge of interest rates 2:20 - Why are interest rates doing what they are doing? 3:30 - What is the federal funds rate? 6:45 - How mortgage rates are determined 7:50 - When is it best for investors to take a step back? 9:02 - When the stock market isn’t great no one tells you not to put money in your 401 K 9:55 - If rates go down, not only will you have a better payment, property value goes up too 12:12 - Investing advisors will say, invest x amount every month, regardless of the market 12:58 - Benefits of owning...
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#28 - Taking Refuge
All Ships Rising
Subject Points: :37 Introduction 1:30 Handling things head-on has been major growth 2:07 Taking inventory of loving people around you when things are tough 4:14 I hope this lifts your spirit 4:54 “Taking refuge” 6:45 Wrapping up Resources Mentioned: High Yield Savings account:
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#27 – Why Do I Need a Will?
All Ships Rising
Subject Points: :22 Intro 1:00 Creating a will makes it easier for your family members when you pass 1:40 If you don’t have a will it goes to probate 2:20 A will can take up to 10 minutes, legal zoom exists to help with this process. 2:25 People who bought a house 20 years ago, saw a huge increase in value 4:05 A trust can pass on a property that has gained value over time 5:30 A will is the cheapest way to give some insight into your finances to your heirs 7:04 A living trust makes the transfer much easier and requires less taxes to be paid 8:01 A living trust can also...
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#26 - Betting on Yourself
All Ships Rising
Subject Points: :21 - Intro 1:40 - Talking about manifestation in Istanbul 2:47 - Receiving the advice of waiting for what shows up 3:16 - Success that came with making a major decision 4:19 - Seeing the results of mental focus and committing to a vision 5:00 - The how to move forward when you are not good at making a decision 5:36 - Borrowing a friend’s method of a manifesting journaling 6:36 - Being told others would bet on me, if I bet on myself 7:38 - Having gratitude for the friends who are further along than you 8:41 - Ladies & femmes we got to start betting on ourselves 8:47 -...
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#25 - Establishing Mental Boundaries
All Ships Rising
Subject Points: :19 - Intro :56 - Empathic types can feel so many emotions beyond themselves 2:11 - As a child having a hard time figuring out which feelings were my own 3:39 - Realizing I was interpreting my dance teacher’s nervous energy as mine 4:27 - Mentally imagining a space between self and others 5:10 - Realizing that most of the intense feelings weren’t mine and I needed to create mental bubble 6:36 - Having a discussion with my neighbor and realizing the emotions can pass quickly after being aware of them 8:28 - I am my most agitated when I realize I have violated my own...
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#24 - Gratitude vs. Doubt & Indecision
All Ships Rising
Subject Points: :26- 1:15 - Intro 1:45 - Trying to piece together the path forward 2:22 - Most people feel behind these days 4:03 - Mentally inhabiting a space keeps you stuck 5:02 - Indecision is the killer of abundance 7:20 - Feeling healthy in my body took priority 8:40 - There is a lot of pressure on wealth-building in society 9:28 - The feeling of guilt exists when we do things for our good 11:11 - I could nitpick my history, but it all worked out 14:11: The decision to buy a house is a big decision 14:47 : Wrap up Resources: High Yield Savings...
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#23 - Being a Great Landlord with Kaili Moore Part 2
All Ships Rising
Subject Points: 3:00 - What red flags should I walk away from? 4:00 - There’s a solution to everything! (But you might not want to pay it) 5:30 – How can you tell a property can make money? Looking at the most conservative situation in terms of rental income. 7:00 – Prioritizing what will optimize the efficiency of the building “Is someone going to pay you more rent for that?” – Good question to be asking yourself 9:15 – being strategic about turnovers and renos during the turnover time qq:30 – Renovating, doing it right. Balance of affordability and durability....
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#22 - Social Worker to Landlord with Kaili Moore Part 1
All Ships Rising
Subject Points: 1:-3:00 Intro to Kaili and NAR comments 4:30: Starting out – finding a more permanent place to live. Ended up with a 4 unit 6:30: Renovated one of the units, moved in, saved on rent and spent on renovating more units 8:00: Buying one property a year. Putting larger mortgage on several properties when rates were low, and pulling out equity to buy 2 more buildings. 9:45: LLCs vs Trusts. Commercial rates are adjustable. 10:30: Always sought financial council from trusted advisors about each large step. 11:30: How do I buy a second property if I own one property? How do I expand...
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#21 - Should I Buy with My Boyfriend?
All Ships Rising
Subject Points: :38 - Intro. 2:23 - Should I Buy with my Boyfriend? 2:36 - Reasons to partner with someone to buy. 3:15 - Legal ramifications of buying with someone. 5:25 - Always seek legal counsel. 7:02 - Your home is potentially one of the most expensive purchases you will make. 9:02 - Savings to consider in addition to the downpayment. 12:49 - A condo as a first property. 13:30 - HOAs 19:00 - Wrap Up Resources Mentioned: Vanguard or Fidelity Roth IRA account https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
info_outlineThis is the second part of the interview with Cynthia Veroneau of Caliber Home Loans. Tons of useful information. Interview happened in late December of 2022, which could be very out of date depending on what your local market is doing. It’s always good to speak to your local lenders to find out what the trends are in your area.
Timing Points:
0-2:00: Gut instinct and Trust
2:30: Shopping around with different lenders
3:20: Market snap shot in December 2022 and reasons to not wait
4:00: Taking steps to be prepared even if you choose not to buy right now
6:40: Due Diligence
10:30: Helpful programs for a first time home buyer
14:30: There is no financial cost to writing an offer
17:15: Pride and fear causes us to hesitate instead of moving forward
18:15: The right lender will be a partner and might be able to help boost your credit score
19:40: Women have only recently been able to purchase a home without a cosigner since 1974. And now 19% of homeowners are single women!
22:00: Wrap up
Resources Mentioned:
Cynthia Veroneau
Sales Manager
NMLS ID#: 1293182
STATE LIC#:
NH