Welcome to another awesome episode of the AZREIA Show with our special guest, Matt Battaglia. He hosts a talk show for entrepreneurs - Business Roundtable w/ Matt Battaglia. And today, Matt talks about ARIZONA Economy, Marketing & so much more so let’s tune in and enjoy.
Key Takeaways: 1:19 Get to know Matt Battaglia and Business Round Table 1:47 About 1100 KFNX, “The Pulse of Arizona,” 6:31 Learn the importance of: - Power of Networking - Communication skills (sales and marketing) - Having a circle of advisors. - Pay attention to other businesses - Buy Assets 14:37 Why education plays such an important role in businesses 17:16 Net migration status in Arizona 20:04 Three things to remember in real estate 20:23 Arizona regulations do affect the economy? 24:43 Dichotomy stocks versus real estate. 27:17 Buy more assets - Rinse and Repeat. 31:37 What are the factors involved in investing? 32:21 Understanding offensive and defensive assets. 37:23 Arizona: Are we in a recession? 38:33 Is recession affects real estate? 38:33 Tips to prepare your business for a recession
Guest Bio: Matt is from NY, and graduated from UMass at Amherst with a Bachelors Degree. He has an extensive business career working in sales, mgmt, media and mktg fields. His first job was in his father’s vending business in Queens, NY. Radio opportunities brought him to the valley in 1998 where he eventually became a minority owner of KFNX 1100, a talk station in Phoenix. He is the GM on the business side at the station.
Matt expanded his business career into different areas from media consulting to insurance / finance. Currently, he also consults with entrepreneurs, business owners, and high level executives on running businesses and financial areas. As a business owner, he can relate personally to the challenges the majority of his clients face daily. He has bought and sold business, negotiated partner deals, and financing. His main area of focus is usually on the financial end - sales, marketing, cash flow, assets and equity.
He lives with his wife and children in Phoenix, AZ. Matt enjoys coffee, football, books, cookies, a good bourbon, and whatever his wife enjoys.
He hosts a talk show for entrepreneurs - Business Roundtable w/ Matt Battaglia. The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Sun. 7-8pm on 1100 KFNX
---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in #realestate
Azreia Real Estate Investing Entrepreneurial Self Assessment Who is it for? ☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.
☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing.
Our membership is a community consisting of independent real estate investors who invest in: 🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES
Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers.
🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.
Join the Deal Finders Club, NOW! http://www.azdfc.com 🤝 Struggling to get your real estate business off the ground? Short on time or do you just feel stuck? The Deal Finders Club is a community of like-minded individuals committed to holding each other accountable, signing more contracts, and closing more deals so they can achieve financial freedom and live life on their own schedule.
At the close of business yesterday, there was hope. Well, to be fair, there's still hope, but it's much less immediate, and it certainly isn't the first thing that comes to mind today. Yesterday's hope stemmed from a combination of factors. Rates had risen at a break-neck pace since the beginning of August, accelerating to the most troubling pace in the week following the most recent Consumer Price Index (CPI) release--a key inflation report that guides decisions of the Fed. CPI had extra oomph due to the proximity of the next Fed meeting (the one we just lived through yesterday). Market participants expected the Fed to signal an even firmer commitment to its rate hike outlook as a result. Not only did that happen, but in the Fed's forecast summary, there was a strong shift in expectations for even higher rates in the coming months and years. Granted, the members of the Fed can't begin to guarantee or even reasonably predict that rates will be as high in 2023-2025 as yesterday's forecasts suggested, but if they had to guess at those levels based on what they know today, those are their guesses. How high do they see rates? That doesn't matter. I could tell you that almost a third of the Fed sees the Fed Funds Rate at 5.0% by the end of 2023, but that's the Fed Funds Rate--not mortgage rates. The two are both similar and different, and if you're not sure why, be sure to check in with our primer on the topic here: No, The Fed Hike Doesn't Mean Anything For Mortgage Rates.
The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.
Home buyers continued to balk in the face of mortgage affordability obstacles this August, leaving less competition and more inventory of homes for sale in the market. The softer demand from buyers contributed to the largest monthly drop in home values, 0.3%, since 2011.
Inflation is high and interest rates keep rising, leading to a lot of speculation about the housing market, with many throwing around the word “crash.”
The internet, TV, and even public radio stations were buzzing all day with groundbreaking news on mortgage rates. Apparently, for the first time in 14 years, 30yr fixed rates moved back above 6%. Big news, right?! Perhaps not. Here are 2 headlines from the recent past: (September 1st) Mortgage Rates Jump Back Above 6%; More Volatility Ahead (June 13th) Mortgage Rates Surge Well Into the 6% Range After One of The Worst Days in Decades After initially breaking above 6% in June, rates managed a very nice recovery by the end of July. But ever since, they've been on the rise. In addition to spending almost the entirety of September above 6%, today's rates, specifically, set another new 14-year high. So why is it suddenly big news that rates are over 6%? It's all a question of the source material for the news. Today's buzz is due to the fact that Freddie Mac's weekly rate survey finally hit 6%. While that survey data is frequently stale and occasionally misleading, it's nonetheless a mortgage industry institution (to Freddie's credit, they recently announced they'd be revising their methodology to address these drawbacks. Here's hoping they nail it!). Simply put, it is heavily relied upon by almost every major news organization for the week's only dedicated mortgage rate coverage. The following chart shows how actual daily rates have fared over time versus Freddie and MBA rates. The daily rates are typically higher at times when "points" are involved in securing the best rates because the daily rates are adjusted for points (thus allowing for an apples to apples comparison with any other point in the past). [thirtyyearmortgagerates]
Being a newbie, you must control the controllable. What does it mean? Tune in on today’s episode with our special guest, Elijah Rubin a Phoenix, Arizona entrepreneur. AKA the “Fire Damage King” in the Arizona real estate market.
Elijah is the founder of Young Millionaire Society and owner of WIIN, LLC, a real estate consulting firm specializing in off-market properties acquired through probate, city violations, and fire, flood, or vandalism damage. In his 10 years in real estate, Elijah has completed over 400 transactions and sold over 300 million dollars worth of real estate. He is known as the “Fire Damage King” in the Arizona real estate market – a well-earned title.
In this episode, Elijah talks about the importance of knowing your niche & wholesaling fire Damaged Deals. Tune in and enjoy.
Key Takeaways: 1:50 Elijah and Mike Del Prete's back story was revealed! 4:21 Mindset switch to becoming an entrepreneur 5:27 Details bidding with Thomas Lewis 14:45 Importance of having strict guidelines for yourself. 15:40 Elijah's mind switches to start doing more deals. 16:39 Elijah marketing output. 17:15 Results on attending at AZREIA event. 19:09 Elijah made his first six figures by the age of 24. 21:30 As a newbie, what does it mean that you must control the controllable? 24:44The beginning of doing fire damage properties. 27:16 Why should fire damage properties? 33:35 Elijah fire damage evolution. 37:50 How important is Sales in business 38:41 Connect with Elijah https://www.firedamageprofits.com FB & IG @firedamageprofits
---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in #realestate
Azreia Real Estate Investing Entrepreneurial Self Assessment Who is it for? ☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.
☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing.
Our membership is a community consisting of independent real estate investors who invest in: 🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES
Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers.
🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.
Join the Deal Finders Club, NOW! http://www.azdfc.com 🤝 Struggling to get your real estate business off the ground? Short on time or do you just feel stuck? The Deal Finders Club is a community of like-minded individuals committed to holding each other accountable, signing more contracts, and closing more deals so they can achieve financial freedom and live life on their own schedule.
Investors are getting spooked that the Federal Reserve can't pull off aggressive interest rate hikes without significantly damaging the US economy (just look at Tuesday's selloff).
The most recent historical high water market for mortgage rates was "14 years." It was broken so many times in September that we officially declared it to be boring last Tuesday. Now, less than a week later, 14-year highs would be more exciting than boring. As of mid-day today, we're officially at 20 year highs. Perhaps it should be "unofficial," because our daily rate records only go back to the beginning of 2009. We're relying on weekly survey data for the historic highs and it's entirely possible that there was a day or two in 2008 where rates were higher than today, but we digress. Comparing current rate levels to various points in the past isn't really important. What's important is that less than a year, the payment on a new $400k mortgage is up at least $1000/month. Many lenders are now quoting top tier 30yr fixed rates over 7%. Why have rates spiked so quickly? One might assume is has something to do with last week's Fed rate hike. After all, the Fed hiked rates and then mortgage rates went higher, but that's actually not the issue at the moment. The issue stems from strange goings-on in the realm of fiscal policy in The UK. Yes, that's an odd thing to consider when it comes to mortgage rates in the US, but it's important to understand just how huge the market reaction to recent events in The UK has been. Without going into tedious detail, the best way to convey the drama is by noting that British 10yr yields have risen more than 1.00% in 4 business days.
Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live to discuss housing affordability following Fed Chair Powell's recent comments on interest rates and inflation.
Introduced earlier this year by Senator Dan Sullivan of Alaska and Representative Mike Bost of Illinois, the Improving Access to the VA Home Loan Benefit Act of 2022 directs the Department of Veteran Affairs to update its appraisal regulations to allow desktop appraisals, as well as clarify when an appraisal is required and who is eligible to conduct it.
“In this soft market, more than half of the builders in our survey reported using incentives to bolster sales, including mortgage rate buydowns, free amenities and price reductions,” Dietz said.
Opendoor's buy-to-sale premium -- the difference between the purchase and resale price of its homes -- has reached a record, negative low. Why it matters : For the first time in its existence, Opendoor is entering territory, where, in aggregate, it is selling homes for less than their purchase pri
The “perfect” investment property does exist, but it isn’t what you think it is. Too often, new investors are fixated on a real estate deal with the perfect floor plan, cash flow, price, and profit margins. But—as most experienced real estate investors will tell you—many of these deals aren’t worth chasing, let alone purchasing. These so-called “phantom” properties can eat you alive if you don’t know what you’re doing.
So, instead of trying to blunder through real estate deals, we brought along Jamil Damji and Pace Morby. They’re both real estate veterans in their own rights and real-life best friends to boot! They’ll be doing a quick “purchase or pass” deal check on six deals stretching coast to coast. These include buy and holds, fix and flips, wholesale, subject to deals, and more.
If you’ve ever wanted a lightning-fast analysis from two of the top minds in real estate, you’re in the right place! Leave a comment below on a deal you’re analyzing (or a past one). We’d love to hear your own “purchase or pass” horror/success stories!
00:00 Are These Deals Trash or Treasure? 00:45 Aggressive Comps in Arizona 02:25 Cash Flowing Florida 05:02 Huge Equity Upside in Charlotte 07:11 Buyer's Market Blunder in Maricopa 10:41 Under-Market Find in Phoenix 13:05 A "Phantom" Flip in ATL 15:51 The Deal Detectives
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