Real Estate Is Easy Interview
Lauren interviewed Humzah Khraim, a landscaping professional from Atlanta. Landscaping, according to Humzah, exists to both protect the house and enhance its beauty. Of course, homeowners and investors alike are looking for curb appeal. Once we work within nature, within our climate zone, we can make that happen. Humzah recommends building relationships with people you get along with, from plumbers to electricians to landscapers. They will steer you towards sustainable options. What’s the highest return on investment? Getting that inside-outside living vibe. But stay away from wooden decks by using pavers or stone. Should tenants be responsible for taking care of the yard? Probably not. Humzah emphasizes building beautiful neighborhoods and being a good steward of your property.
House Money Weekly
This week, the House Money hosts discussed House Money 106, should I wait for interest rates to drop? Now could actually be the best time to buy, according to Alan. If it cash flows today, great. If interest rates go up, no problem. Keep the rate. If interest rates go down, no problem. Refinance it. Lauren added that the idea of Dollar Cost Averaging (DCA) is talked about when it comes to the stock market, but we should apply it to real estate as well. Just keep buying. Tom’s first rate was 6.875% 18 years ago. His highest is 7.5% now. Alan points out that real estate isn’t getting rich quick, it’s getting rich eventually.
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Teatime with Tom
New regulations with Dallas short-term rentals. Remember to have a black-up plan for your short-term rentals. Be ready to pivot to long-term rentals or mid-term rentals. In this case, the Dallas regulation change shouldn’t be a huge surprise, as it was months in the making, but they didn’t grandfather any in.
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