EP 96: Casino Coming To Irving, Reno Prices Going Up, Fossil Watches Closing Stores, DFW Market Update and DFW Real Estate News

In this episode of the Real Estate Heavyweights Podcast, hosts Ashton Hines and Tavis Westbrook discuss their experiences in the real estate market, focusing on renovation challenges, costs, and current market trends in the DFW area. They share insights on the importance of understanding renovation expenses, the impact of rising labor costs, and the necessity of thorough inspections. The conversation also covers the current state of the DFW real estate market, including trends in home sales, pricing, and inventory levels. In this episode, Tavis Westbrook and Ashton Hines discuss various topics ranging from real estate marketing strategies to the struggles of the Dallas Mavericks. They delve into community reactions to proposed developments, the economic implications of such projects, and the recent store closures of Fossil. The conversation also highlights the success story of Torchy's Tacos, which has transitioned from a food truck to a luxury real estate listing. The episode wraps up with reflections on the future of their podcast and a call to action for listeners. takeaways

• Ashton Hines and Tavis Westbrook are experienced real estate professionals in the DFW area.
• Renovation costs are rising, particularly in plumbing and electrical work.
• Demo work requires careful planning to avoid collateral damage.
• Understanding the sequence of renovations can save time and money.
• Labor costs for renovations have increased significantly in recent years.
• It's essential to prepare for unexpected costs during renovations.
• The DFW real estate market is currently experiencing fluctuations in home prices.
• New listings in the DFW area are trending down, which is unusual for spring.
• Inspection reports can reveal hidden issues that need to be addressed before closing.
• Successful real estate investing requires a keen understanding of market trends and renovation costs. If you have your marketing together, now's the time to go after expired listings.
• The Mavericks are struggling under new ownership, affecting their reputation.
• Community pushback is common against large development projects, even if they promise economic benefits.
• Proposed developments can generate significant jobs but face local opposition.
• Fossil is closing a significant number of stores, indicating market challenges.
• Torchy's Tacos has successfully transitioned from a food truck to a luxury real estate listing.
• The economic impact of developments can be substantial, but local sentiment often complicates approval.
• Community members often resist changes that they believe will degrade their neighborhoods.
• The podcast is approaching a milestone of 100 episodes and aims for increased listener engagement.
• Listener feedback is appreciated and motivates the hosts to continue producing content.

titles

• Navigating the DFW Real Estate Market
• Renovation Realities: Costs and Challenges
• Market Insights: DFW Real Estate Trends
• The Art of Flipping Houses
• Understanding Renovation Expenses

Sound Bites

• "We are here."
• "It's a learning process."
• "You have to get them on the schedule."
• "Those are the mistakes that..."
• "Now's the time to do it."
• "All the viewership in the NBA is up."
• "We can't stand for this."
• "It's a vacant lot growing weeds."
• "It's projected to generate 9,000 jobs."
• "This guy is definitely a dude's dude."

Chapters 00:00Introduction to the Real Estate Heavyweights Podcast 08:52Understanding Renova