CW 575 – UNDERSTANDING CLOSING COSTS, GOOD FAITH ESTIMATES (GFE), LOAN POINTS, TITLE INSURANCE
Creating Wealth Show Archives 301-600
Release Date: 11/23/2016
Creating Wealth Show Archives 301-600
Originally aired as CW 160 Jason talks with David Allen who is widely recognized as the world’s leading expert on personal and organizational productivity. His twenty-five-year pioneering research and coaching to corporate managers and CEOs of some of America’s most prestigious corporations and institutions has earned him Forbes’ recognition as one of the top five executive coaches in the world and Business 2.0 magazine’s inclusion in their list of the “50 Who Matter Now.”
info_outlineCreating Wealth Show Archives 301-600
Gratitude is one of the philosophical keys to success. Today’s motivational speakers tend to focus on the mechanical keys to success and forget about the bigger picture of the context behind the content. True philosophers understand what drives humans to succeed and the beauty of being grateful for they have. And in the interview, Finding an alternative to a traditional bank loans may not be as hard as you think. In addition to hard money lenders, financing companies such as Visio Financial offer short and medium term limits with significant interest rates. They offer no document loans which...
info_outlineCreating Wealth Show Archives 301-600
Save 10% monthly by managing your own properties with free software. Self-management tools often boast ease of use and shortcuts to save you time but don’t always deliver. Cozy and Landlordology are property management tools which offer end to end online self-management solutions. Both tenants and property managers benefit from the monthly automatic rent collection feature as well as the integrated application process. If you think doing a background check along with a credit report will help qualify renters qualifications then sign up for Cozy today. Key Takeaways: Jason’s Editorial:...
info_outlineCreating Wealth Show Archives 301-600
Originally aired as CW 294 Jason Hartman and prior guest, Jonathan Emord, get together once again to talk about current issues affecting our rights, beginning with the damaging and highly intrusive passing of the tax provision of Obama’s healthcare plan. This has created a fissure in the Constitution, a horrible outcome that opens a door to the government violating our civil liberties. Jonathan breaks down the consequences of the violations, such as our liberty to choose and right to privacy in the interest of a government mandate that only benefits the government. Moving on to TSA, Jonathan...
info_outlineCreating Wealth Show Archives 301-600
What Time is it? It’s an Amazing Time to Be Alive Say this 10 times real fast, Inflation Induced Debt Destruction, now make it your mantra. Would you like someone else to pay your bills for you? Well when you buy income property it is exactly what happens. Your tenants pay down your debt while your property appreciates. Today, Jason outlines a chart from way back in the Creating Wealth archives. He will make the chart available to all of you listeners soon. The chart introduces the intricacies of inflation. He then takes us through most of the asset classes and how they perform against...
info_outlineCreating Wealth Show Archives 301-600
Have a looker travel for you and save thousands in travel expenses and time. If you’re still allowing property managers to bill you max amounts every month you need to tighten up your monthly discretionary allowance. You will be consulted every time a repair is projected beyond $200. Also, minimize the unprofitable downtime of renters moving in and moving out by signing a 2-year lease with your next tenant. Include the rent increase for upcoming year so your tenants are prepared to pay in advance of the increase. They will appreciate it. And in our interview, wouldn’t it be nice to see an...
info_outlineCreating Wealth Show Archives 301-600
Originally aired as CW 298 On this show, Jason Hartman talks with one of his investment counselors about current events, welcomes a guest caller and also brings to our listening audience the economic outlook from renowned financial expert, John Mauldin. Mauldin discusses “spending rearrangement”, a restructuring of our country’s spending problem and tax code, and how the election outcome influences the direction of that restructuring. The larger the government becomes, the smaller the private sector becomes – not an ideal situation for economic recovery in the U.S. Mauldin...
info_outlineCreating Wealth Show Archives 301-600
What is the best coverage for your multi-state real estate portfolio? Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified. Key Takeaways: Jason’s Editorial: [1:21] It’s an amazing time to be alive! [2:33] China has finally ended their one...
info_outlineCreating Wealth Show Archives 301-600
What time is it? It’s an amazing time to be alive. Based on current political and economic conditions your personal wealth could be at risk. Paul Mladjenovic of The Raving Capitalist shares his tips for weathering the upcoming economic storm, which he expects to make landfall in 12-18 months. He advises in favor of creating a home based business and diversifying your current asset portfolio. He warns people who have their assets in undiversified portfolios or in stocks which don’t satisfy a human need may find their financial futures devastated because of current government actions and...
info_outlineCreating Wealth Show Archives 301-600
Originally aired as CW 231 Join Jason Hartman and Doug Casey of Casey Research for a candid discussion about the condition of America and what is to come. Doug feels we needed a depression, but it doesn’t have to be as long and dismal as it’s going to be for most people. The U.S. government has gone about everything completely opposite of the right way; it’s totally bankrupt. They’re selling money/debt to the Federal Reserve because no other country in the world wants to buy our devalued American dollar. Doug feels for the average American because he/she is not going to profit from it...
info_outlineEmpowering real estate investors by pulling back the curtain on closing costs.
We break closing costs down into small pieces to support Jason’s #1 rule of investing, thou shalt become educated. Understanding which costs are fixed and which are variable will help you to protect yourself and allow you to become your own best advisor. We take the confusion out of calculating the fees. And, will private equity firms be the next big player in the mortgage game?
Sign up now for early bird pricing for our Meet the Masters event in lovely Southern California.
Key Takeaways:
Jason’s Editorial:
[3:01] An article about character – the essence of a person
[7:07] If you don’t stand for something you’ll fall for anything
[7:51] Artificially intelligent ads
[8:37] Edward Snowden, Hero or Villain?
[11:04] As banks retreat private equity rushes in
[11:37] Meet the Master event in January, SoCal – Get your earlybird pricing
[12:26] Orlando Property Tour
Guest Interview with Joe:
[15:45] Looking at lender fees
[17:15] Requirements for good faith estimates
[19:52] What are lender or origination fees
[21:01] Using an example of $142,500, figuring out the closing costs
[22:40] Insurance charges for lenders and owners
[23:49] Lender’s title insurance is one of the highest fees on the estimate
[24:11] Depending on your state the seller provides the clean title insurance
[25:01] Transfer stamps/taxes are local municipal charges
[27:07] Recording fees
[37:50] Points are fees to buy down the interest rates
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