Get Keys With Kim: Real Talk & Real Estate
By Kim McBride
Get Keys With Kim: Real Talk & Real EstateJul 04, 2020
Marry the House, Date the Rate (Part 2)
We're back for Part 2 of Marry the House, Date the Rate with Mortgage Lender of Kevin Parlett of Direct Home Loans. Join us as we finish out our char on 2-1 buy downs and downpayment assistance programs. [0:00:37] Catch 22 with Bank Statement Loans and 2-1 Buydowns [0:03:52] Can you use a 2-1 Buydown with Other Incentives? [0:05:40] Down Payment and Closing Cost Options [0:12:28] What are Closing Costs? [0:14:42] What is a Home Warranty? [0:16:38] Hometown Heroes, Baltimore City, Maryland Mortgage Program [0:20:02] Home Ready Program [0:22:30] "Stacking" Multiple Down Payment Programs [0:26:44] Incentives: The Difference Between Grants and Loans [0:33:08] Maryland Smart Buy Program Guest Speaker: Kevin Parlett IG: @kevinparlett FB: Kevin Parlett Google: Kevin Parlett Podcast Host: Kim McBride, Real Estate Associate Broker RLAH Real Estate 12505 Park Potomac, 7th Floor Potomac, MD 20854 Websites: 🌍 www.getkeyswithkim.com 🌍 www.getkeysacademy.com Podcast: 🎙️ www.anchor.fm/getkeyswithkim Appointment: 📅 www.calendly.com/getkeyswithkim Social Media: IG: @getkeyswithkim FB: Kim McBride-Real Estate Professional
Marry the House, Date the Rate (Part 1)
We're back with a brand new episode called "Marry the House, Date the Rate". Over the past few months, the real estate market has taken some major hits as it relates to interests, with increases up to 8 percent. Many buyers have been looking to decide if now is the right time to purchase a home, and we sit down with Kevin Parlett of Direct Mortgage Loans to discuss the process of buyers getting pre-approved, current interest rates, specialty loans, downpayment assistance programs and 2-1 Buydown options. Listen in now to hear what goes down in part I.
[0:00:36] Episode and Guest Intro [0:05:52] The Initial Steps for Buyers to Get Pre-Approved [0:06:55] Documents Lenders Need From Potential Buyers [0:08:49] What Lenders Are For When Pre-Approving Buyers? [0:11:11] Preparing Tax Returns/Deductions for the Self-Employed [0:12:03] Alternative Loan Option/Bank Statement Loans [0:14:01] What Are Discounts Points? How Can They Benefit Buyers? [0:16:56] Should You Buy Down Points In This Market? [0:19:25] What Is The Interest Now? [0:20:38] Incentive Alert: Waived Lender Fees for Refinancing with Direct Mortgage Loans [0:22:04] What Are Lender Fees? [0:23:04] The Difference Between Lender Costs, Loan Costs and Closing Costs [0:25:52] How Do Lenders Get Paid [0:27:12] Lender Credits: What Is It? Who Does It Help? [0:32:05] Introducing the 2-1 Buydown
Getting Mortgage Credit Ready (Part II)
Shymeia Lee and I are back for Part 2 of the episode "Getting Mortgage Credit Ready". Listen in as we cover the remaining topics: [0:00:48] Part I Recap [0:01:09] Medical Bills and Other Debts to Be Paid Off [0:03:15] Is Credit Karma accurate? [0:09:16] The Difference in Mortgage FICO scores [0:11:42] Nothing in Real Estate in Free [0:12:32] Identity Theft and The Home Buying Process [0:14:03] Why Are Credit Scores Run More Than Once? [0:15:48] Can Lenders Use a Credit Report From the Buyer? [0:17:39] Disputing Your Credit Score During the Home Buying Process [0:20:01] How Do Upcoming Payoffs Affect Your Credit? [0:22:57] What Documents are Needed When Purchasing a Home? [0:30:09] How Does Co-Signing Work? [0:31:21] Documents Needed for Self-Employed Buyers and Side/Part-Time Jobs? [0:36:11] Does Owing Money to the Government Affect Your Ability to Buy a Home? [0:38:09] The Importance of Having a Good Lender and Agent [0:48:56] Connecting with Shymeia for Mortgage Support [0:49:52] Closing Comments [0:50:48] Outro Guest Speaker: Shymeia Lee IG: @shymeialee FB: Shymeia Lee Google: Shymeia Lee Podcast Host: Kim McBride, Real Estate Associate Broker RLAH Real Estate 12505 Park Potomac, 7th Floor Potomac, MD 20854 Websites: 🌍 www.getkeyswithkim.com 🌍 www.getkeysacademy.com Podcast: 🎙️ www.anchor.fm/getkeyswithkim Appointment: 📅 www.calendly.com/getkeyswithkim Social Media: IG: @getkeyswithkim FB: Kim McBride-Real Estate Professional
Getting Mortgage Credit Ready (Part I)
Former Real Estate Agent turned Mortgage Consultant, Shymeia Lee is joining us today to tell us all about how to get Mortgage Credit Ready. Learn the basics of credit and what really makes up your credit score and what can affect it, both positively and negatively. Credit is simple and complicated at the same time, so listen in and come learn some strategies to get a good credit score. We’re getting into what debts you need to pay off (or not) before you pull out a mortgage. Are credit estimates from free sites accurate and what are they good for? What about if your identity is stolen while you’re trying to get approved to buy a house? All this and more is covered in today’s episode of Get Keys with Kim. When you are looking for a lender, find someone that will take the time out to answer your questions and hold your hand through the process. If you want to get in touch with Shymeia, you can find her on all platforms as Shymeia Lee. Thank you for listening in to today’s episode! [0:00:00] Show intro [0:00:34] Welcome into 2023 [0:01:39] First guest of the year, Shymeia Lee [0:03:18] A little bit about Shymeia [0:06:29] Why did Shymeia switch from a realtor to a mortgage consultant [0:07:54] The advantages of being in both sides [0:12:31] The basics of credit: What makes up a credit score? [0:19:00] How far back do negative things affect credit? [0:21:48] Are challenges because of COVID passed now? [0:23:09] Why is no credit “bad” credit? [0:26:36] Ideal credit score [0:31:24] How does it work when one partner has great credit and the other doesn’t? [0:38:16] Do medical bills (or other debts) need to be paid off before a mortgage? [0:40:44] Is Credit Karma accurate? [0:44:16] Setting accurate expectations [0:46:46] What are the differences between algorithms? [0:49:06] Identity theft during the home buying process [0:53:16] Can a home buyer give the loan officer a credit report? [0:55:06] Disputing your credit score during a home buying process [0:57:30] What if something gets paid off during the buying process? [1:00:25] What documents do you need to bring when you’re looking to buy a house and the cosigning piece of the equation [1:13:37] When a buyer owes money to the government [1:19:29] Your lender and agents influence on your mortgage [1:25:48] Where to reach Shymeia [1:27:24] Closing comments [1:28:15] Outro Shymeia Lee IG: @shymeialee5340 FB: Shymeia Lee Google: Shymeia Lee
Let's Talk Legal: Divorce & Real Estate (Part II)
We're back for Part II of Divorce and Real Estate with Angel Murphy, Esq of Murphy Law Firm. Angel continues to drop gems about
1:02 Pre-and Post-nuptial agreements and protecting real estate assets
6:58 If one party dies during the divorce proceedings, what happens to the real estate?
10:01 What happens to a business or a trust in a divorce?
11:58 Can the other be removed from a will or trust during divorce proceedings?
14:03 What happens when someone other than the married couple's name is on the deed?
17:27 Have questions? Contact Angel for more information
Let's Talk Legal: Divorce & Real Estate (Part I)
Are you or someone you know getting divorce? Is there real estate involved? If so, this episode is for you. Join me and Angel Murphy, Esq of Murphy Law Firm as we discuss the ins and outs of divorce proceedings and the division of real estate assets.
3:10 What is considered marital property?
4:10 What if one person is on the dee d and the other on the loan?
7:16 Who gets the proceeds from the sale of the property?
9:06 Does infidelity have to be proven?
10:19 Is community property a term only used with married individuals?
10:55 What happens to property purchased by a couple (together), prior to marriage?
12:53 What happens to property inherited during the marriage?
16:13 What is divisible property?
17:36 Can a divorce decree force parties to sell assets/real estate?
20:38 Is there anything one party can do to prevent the sale of the home?
23:04 What if one party stops paying the mortgage?
26:20 Can one party buy out the other?
29:30 If one person's name is on the deed, do they have the sole right to sell the property before the divorce proceedings?
32:06 What if neither party wants to sell the property?
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Angel Murphy, Esq. of Murphy Law Firm
Facebook: www.facebook.cm/amurphylegal
Instagram: @amurphylegal
YouTube: Angel Murphy, Esq.
Twitter: amurphy_legal
LinkedIN: themurphylawfirm
At Home with Lifestyle & Organization Coach Tamara Stallings
With all that is going on in the world, for some their homes have become everything from the office to a classroom, and for others it has been a place to just sleep and hopefully escape from the hustle and bustle of the day. Join me as I chat with Tamara Stallings, Owner of "A Tiny Room" to discuss ways to simplify, organize and elevate your personal space.
Tax Benefits of Homeownership
Calling all future and current homeowners!! It's tax season, so it's only "Wright" that we talk about the tax benefits of homeownership. Joining us this episode is Olivia Wright of Wright Choice Bookkeeping. She gives us all the details on deductions, itemizing and tax breaks. Wanna learn more? Listen in for al the juicy details.
2:26 The Best Time to Purchase a Home to Receive Tax Deductions
4:02 Mortgage Insurance/Interest Deductions and Other Types of Deductions
6:09 Tax Filing Status and How it Works When Buying a Home
9:02 The Most Common Homeowner Tax Deductions
10:55 The Most Common Deductions Homebuyers Try to Take But Cannot
14:25 Itemizing and If It Is Necessary
18:04 First-time Homebuyers versus Repeat Buyers
19:22 Deeds and Tax Deductions
20:45 Tax Deductions for Multiple Properties
22:23 Tax Breaks for Various Types of Properties
Olivia Wright of Wright Choice Bookkeeping
Facebook: Wright Choice Bookkeeping
Instagram: @wrightchoicebookkeeping_llc
Email: wrightchoicebookkeeping@yahoo.com
For Agents Only: Making Tax Money Moves (Part II)
We're back for Part II of Making Tax Money Moves with the Savvy Accountant, Atiya S. Brown. We finish out our conversation discussing more about agent deductions, investing as an agent, navigating tax trouble and how the Savvy Accountant can help you with all your tax needs.
00:39 Agent Deductions (continued)
02:11 Cars, Marketing and Mileage
04:39 Accounting & Tracking Software
07:09 Need to Know Info for Agent Investors
12:13 Capital Gains 101
21:33 Navigating Tax Trouble
23:28 Lasting Tax Nuggets
24:10 Where in the World is Atiya?
Atiya S. Brown, CPA, CA, CFEI
The Savvy Accountant
Twitter: @AccountantSavvy
Facebook: The Savvy Accountant
Instagram: @thesavvyaccountant
Email: info@savvyaccountant.co
Website: www.thesavvyaccountant.co
Phone: 888-34-SAVVY (72889)
For Agents Only: Making Tax Money Moves (Part I)
Agents...your help is here. Although our job is to help our clients get to the finish line, we need guardian angels in our corner as well. Meet Atiya S. Brown, The Savvy Accountant and CPA extraordinaire. Join us for Part I of Making Tax Money Moves as we prepare to not only navigate tax season, but learn the tips and tricks to help us stay ahead of the tax curve.
9:35 Who is the Savvy Accountant?
12:15 Taxes & Finances for Agents: Dual Career versus Self-Employed
14:39 Business Entities & Protections
18:06 Figuring Out Tax Liabilities
19:40 Taxes and Side Businesses
21:33 Most Common Real Estate Tax Deductions
29:42 Agent Deductions
Atiya S. Brown, CPA, CA, CFEI
The Savvy Accountant
Twitter: @AccountantSavvy
Facebook: The Savvy Accountant
Instagram: @thesavvyaccountant
Email: info@savvyaccountant.co
Website: www.thesavvyaccountant.co
Phone: 888-34-SAVVY (72889)
The Truth About Home Inspections (Part II)
Ready for Part 2 of the Truth About Home Inspections? Let's continue our conversation about additional home inspection services, who should attend, things Sellers should consider before listing their home and how to reach Jerry.
00:39 Termite Inspections, Asbestos, Radon, Chimney
05:38 Chimney Inspections
08:30 What is a Chimney Flue?
11:50 Who Should Attend a Home Inspection?
13:13 Who Should Address Post Settlement Concerns?
16:44 Home Warranty. Yea or Nay?
18:26 Should Sellers Get a HI Before Listing Their Home
20:41 Are There Things Seller's Should Address Before Selling?
22:25 Recap of Jerry's Services
24:21 Jerry's Contact Info
Jerry Pickholtz
Greenlight Home Inspections
Westminster, MD
Inspection areas - Maryland, South Central Pennsylvania, Washington DC
443-605-6030
The Truth About Home Inspections (Part I)
Welcome to the world of Home Inspections. Join me as I interview Jerry Pickholtz of Greenlight Home Inspections (and his dog Stella), and as we discuss navigating the the home inspection process for both Buyer and Sellers.
2:04 Jerry Pickholtz Introduction
7:49 Drone Inspection Process
9:00 Would Jerry Recommend Buyers Get Home Inspections? Why or Why Not?
11:12 Misconceptions About the Home Inspection Process
13:44 Things Homebuyer Should in Mind Post-Purchase
16:14 What Are the Things Home Inspectors Will Address?
20:04 Home Inspection Dealbreakers
21:34 Should Everything on the HI Report Need to Be Addressed
24:32 At What Point Should a Buyer Inquire About Other Home Inspection Services (i.e. infrared camera, mold, lead, etc.)
Jerry Pickholtz
Greenlight Home Inspections
Westminster, MD
Inspection areas - Maryland, South Central Pennsylvania, Washington DC
443-605-6030
Healthy Neighborhoods Home Loan Program (Part II)
35:15: What Type of Financing is Healthy Neighborhoods?
37:50: Can Investors Take Advantage of the Purchase Home Loan?
38:54: Understanding Healthy Neighborhood Target/Postcard Blocks
40:25: Which Neighborhoods are Eligible for Buyer Incentives?
43:36: Purchase and Refinance Options with Healthy Neighborhoods
45:40: Homeownwer Refinancing Scenario
50:02: Who is Eligible?
52:32: Credit Score Requirements
Healthy Neighborhoods Home Loan Program (Part I)
Healthy Neighborhoods is a partnership of banks, foundations, government and community organizations formed to help strong, but undervalued neighborhoods increase home values, market their communities, create high standards for property improvement and build strong community connections among neighbors.
Joining us is Vernice Turner, Neighborhood Resource Officer for Neighborhood Housing Services (NHS) and Carleton Dunn of M&T Bank. Both speakers, and the entities for which they represent, are in partnership with Healthy Neighborhoods. Check out Part I to learn more about the following:
3:15: What is Healthy Neighborhoods?
5:17: What is the Connection between Healthy Neighborhoods and NHS?
6:51: Healthy Neighborhood Incentives (BRNI and Project Reinvest)
9:08: Advantages of Purchase and Renovation Loans
13:40 Incentives as Deferred Loans, and What That Means For Buyers
17:41 Incentives: Forgivable or Not Forgivable? That is the Question.
19:24: Healthy Neighborhoods Matching Grant
22:18: Purchase Loan (Healthy Neighborhoods) vs 203K Loans
Honing in on Home Staging (Part II)
Welcome Back for Episode 2 of Honing in on Home Staging. Listen in as we discuss:
0:15 How Much Does Home Staging Cost?
2:14 Staging Vacant Homes Versus Occupied Homes
6:08 Home Staging Misconceptions
7:23 Staging Trends for Clients
10:30 Virtual Staging Options
17:51 How to Contact KJ Design and Mortar, LLC
Janelle Hughes and Kim KJ Design and Mortar Styling, LLC. @kjdesignandmortarstyling (Instagram, Facebook)
Honing in on Home Staging (Part I)
2:04 The difference between a home stager and an interior designer
3:48 Can clients (buyers, builders, realtors, investors) purchase staged items?
5:56 Does staging work? How does the staging process work overall?
9:42 Should investors stage an entire house or certain rooms?
14:50 On average, how long do staged homes stay on the market?
16:25 How long does the staging process take (consultation, contract, to staging)
Janelle Hughes and Kim
KJ Design and Mortar Styling, LLC.
@kjdesignandmortarstyling (Instagram, Facebook)
Real Estate Investment Group/Trusts: Who, What, Where, Why and How (Part 3)
It is the third and final installment of with Star B. Melancon of She Building Her. We round out our talks about Real Estate Investment Trusts (REITs) and Real Estate Investment Groups (REIGs).
Star B. Melancon
SHEBuildingHER
@shebuildingher_ca (Instagram, Facebook)
@SHEbuildingHER (Twitter, LinkedIn, Youtube)
0:00 Who are ideal candidates for REITs and REIGs?
3:55 Financial Management Tools and Resources offered by SheBuildingHER
6:49 Is SheBuildingHER for women only?
Real Estate Investment Groups/Trusts: Who, What, Where, Why, and How (Part 2)
Star B. Melancon of SHEbuildingHER joins us for Part 2 on the world of Real Estate Investment Trusts (REITs).
Star B. Melancon
SHEBuildingHER
@shebuildingher_ca (Instagram, Facebook)
@SHEbuildingHER (Twitter, LinkedIn, Youtube)
0:20 Creating an Exit Strategy
2:45 How to Start a Real Estate Investment Group
8:43 What is a Real Estate Investment Trust (REIT)
10:38 How does a REIT work?
12:31 How do you get paid through a REIT?
18:00 What is the fee to participate in a REIT?
19:03 Are REITs for mature adults (Baby Boomers)?
21:39 Should retirement plans be used as leverage to start a group or trust?
23:47 Risk management and REITs
25:53 Reporting income, taxes and interest
Real Estate Investment Groups: Who? What? Where? Why? How? (Part 1)
Are you looking to diversify your investment portfolio? Have you given any thought to taking pooled funds, with like-minded individuals, to purchase real estate? Not sure where to start or what is needed to get the ball rolling?
Star B. Melancon of SHEbuildingHER joins us to provide insight into the world of real estate investment groups, and in an upcoming episode, Real Estate Investment Trusts (REITs).
We discuss:
1) What are real estate investment groups
2) Who should and should not join
3) What does is take to get started
4) Ways in which to protect your investment
If real estate investing is of interest to you, you won't want to miss this episode!
SHEbuildingHER
linktree.com/shebuildingher_ca
Taxes and Investors
Investor Lending 101
Have you thought about investing in real estate but not sure what you need to do? Where to start? How to fund future projects? This episode was made especially for you. Join me as I interview Brian Sacks of Homebridge Financial as we discuss:
1. Investor Loan Products versus Hard Money Lending
2. Multi-family Financing Options
3. Credit and Income Requirements
Wills, Trusts and Estates (Part 1)
1. The 5 basic questions of estate planning
2. The difference between a will and a trust
3. What is probate?
4. What is a revocable trust?
And more estate planning topics.
