The Double Comma Club

The Double Comma Club

Building wealth through real estate.

Episodes

July 30, 2021 7 min

Welcome to another episode of the Double Coma Club with your host Nicole Ruth of the Ruth team. The number one lending team in Colorado. 

I want to share with you that we just hit another historic low in interest rates. 

Really, that's what I'm thinking right now as I'm processing what just happened to the 15-year fixed. Now if you remember, we hit the historic lows 17 times last year into this year on the 30-year f...

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Buyers and sellers are exhausted by the extremes. Nationwide, new listings are up a strong 5.5% year over year and an even more impressive 11% from last month.

In the Denver Metro, our new listings were up 6% from last year, and 24% from May. This added 7,826 homes to the Denver market last month, lifting our 2,000 active listings to a less than healthy, but certainly welcome 3,122 at the end of June. That's a 50% lift in on...

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There are certain times in life where change is the best thing that could have ever happened. Sandra Thompson replacing Mark Calabria is one I will celebrate for a long while. 

Why? Well, Sandra Thompson gave us all a gift this past week by undoing the FHFA Adverse Market Fee.  This is a huge win for everyone trying to capitalize on the equity they have built up in their homes.  Mark Calabria initiated the Adverse Market Fee in ...

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Spoiler alert: Your real estate agent will not like this tip - not at all. This is only 4 minutes. Take notes. We don't want t spoil the math or the surprise.

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How do you start in your 20's investing in real estate? You start with the first one. It's the toughest. Let's think of money in terms of buckets. Your checking account feeds

  • short term expenses
  • Long term savings
  • outside investments
  • retirement
  • Consider setting up automatic transfers.

    1 month of expenses, then the remainder rainy day fund, build this account up first. 50% monthly needs housing food - your short-term exp...

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    This episode lumps together 4 episodes from the Real Estate Investing playlist on our YouTube channel. Catch these first four short episodes to get started, first with the logic and then to show how even with a modest income you can still build your retirement through real estate.

    This 17-minute episode includes:

  • Good Buy, or Goodbye?
  • Creative Investing
  • Long Term Investments - Fact vs. Fiction
  • Turning Rental Income into Retirem...
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    Have you doubled your retirement fund this year? No one wants to get to retirement and realize they will run out of money before years. Or if they were honest, they may only have enough saved for a long vacation or small car, but not enough to be secure and continue to live their life as they want. In fact, the median American has only $33,472 saved for retirement. THAT ISN'T ENOUGH Did you know that the average homeowner in ...

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    July 2, 2021 6 min

    Let's go through some of the facts and fiction of purchasing a brand new home. Let's start out with one that tends to be the main selling point for new builds. You can customize your home and the basic options included and/or upgrade options available. There's no need to pay a contractor after you've closed to redo that pink tile in the bathroom because you participated in the finishes for your home. Because you g...

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    The second half of May seemed to open up a bit. But, sorry, it was a false peak. Less inventory came on the market and more buyers went out looking for it. Inventory was down 6% from last month, and down 14% from last year inventory.

    6718 homes went under contract, which was up 17% last month, and up 3% from last year. Active listings dropped last month. In fact, there was a 20% drop and inventory fell below 2000 homes for sale ...

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    Author, Speaker, Coach Ryan Leak is back! His book, Chasing Failure has been published. 8 steps to learn self-leadership starting now!

    We laughed pretty hard and learned so much! Here are the questions covered:

    1. What's it like to be around me? 2.  Do you know where you want to go?      - What's one word you'd use to describe you?      - What's one word others would use to describe you?      - What's one wo...

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    Nicole gives you three examples as to what a creative lender can do for you. Creative is another word for experienced here. When you simply go with the lowest rate without any other thought to the best financial plan for your longer goal, you are selling yourself short and most likely costing you and your family a lot of money. 

    Tune in to hear these quick examples.

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    Gabe Bodner, Reverse Mortgage specialist at The Rueth Team joins Nicole for this episode.

    #1 myth: you give up the title of your house with Reverse Mortgage. Bank or lender takes over the house.

    FACT: You still own the house.

    #2 myth: you can no longer pass the house to your heirs.

    FACT:  your heirs can inherit the home, pay off the reverse mortgage and inherit the additional equity above the reverse mortgage.

    #3 myth: You&#...

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    Headlines regularly push the topic of inflation. We usually know it's bad if it goes up, but why? What causes the change, and what industries are affected by it that will affect my life? These are questions answered in this episode. 

    so what is inflation? We know it can occur in any product or service including need base expenses and want base expenses. We also know that the Federal Reserve Bank monitors the inflation rates.

    ...

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    Being competitive isn't strategic, it's a must. Competitive offer tactics can include:

  • appraisal gap insurance
  • short closing timelines
  • waiving inspection items
  • strong loan approval
  • Here are some loan approval options to make your offer stand out.

  • Prequalification is the very first and most common step with online and box lenders. This is the bare minimum.
  • Pre-approval submitting the loan documentation to the lender.
  • A pre-ap...
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    While the economy roars back to life, real estate continues to be judged. DMAR tells us that 2594 for sale - a lower than low figure. The previous low was 2015 with around 2400. Listen in for this recap.

  • The months of inventory is currently  .51 months for detached homes, and detached inventory is currently at .46 months.
  • Detached homes' median price is $585,000 in 11 counties, whereas attached are at a $376,660 median in 11 ...
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    We continue the Agent Ignite session with Dr. Bruce Lund as he helps us master the four-hour workday. Some of what he covers in this session includes knowing the difference between a promoter and an advocate. Understanding the levels of relationships in business: Connectors, climbers, somedays, aspirational, and experts. He has some actionable homework for you too. Get excited! Listen now.

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    Have you ever heard of the concept, "Eat the frog"? Eat the frog is basically, do the one thing that you really don't want to do first thing in the morning. So for a lot of us that is working out, and so I'm just a big believer. Here is a time system that works for success. Nicole's guest is Dr. Bruce Lund. He's here to get us started on the successful method of a four-hour work day by starting from the mo...

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    Here's the quote that impacted me today. Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will try again tomorrow." I'm going to get up and I'm going to try again tomorrow. I loved this quote because some days you just feel so beaten down, but I actually love this quote right now from the perspective of the first-time homebuyer. It just really struck out at...

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    This is the one topic that has not only generated more calls to our office but to our agent clients, a crazy number of internet searches. People want to know - is the housing bubble about to hit? Let Nicole tell you how it is in Colorado. 

    Fiction: an imminent collapse is coming.

    Fiction: forbearance will lead to foreclosures, especially in Colorado.

    Fact: Equity gain is our saving grace.

    Fact: What's happening is leaps a...

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    April 16, 2021 5 min

    As part of the continuing Fact vs. Fiction series, Nicole talks about the facts and fiction of home loans. Listen to this 7-minute episode, play again until it sticks.

    A preview:

    Fact 1 - call your lender first Fiction 1 - assume the best loan for them is with 20% down or minimum down. Fact 2 - you have the power to affect your monthly payment. Fiction 2 - renting is not more cost-effective unless you are only looking at the im...

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