Seattle Living & Wealth Building Show

This episode of the Seattle Living & Wealth Building podcast is a MUST-LISTEN if want to get into real estate in 2022 or 2023... Listen in as we talk about the current state of the real estate market, sharing our professional advice, insights, and predictions. We’re updating you on everything you should know about the real estate market in 2022-2023, from inflation and interest rates to mortgage rates and crash predictions.

Questions Answered:

Will the market crash?

Will interest rates go up or down in the next few months?

Should I wait to buy a house?

How is inflation going to impact my home buying process?

What real estate opportunities are there in Seattle?

And more!

Tune in as we answer some of your most pressing questions about buying and selling real estate and offer you our top tips and strategies for navigating the market in 2022-2023 (especially if you’re considering moving to Seattle).

“Even in a recession, in most cases, property values continue to increase. So, if you’re getting into the market right now, it’s a pretty safe bet that you’re going to have an appreciating asset one year from now and the longer you’re in the market, the more you’re going to be able to ride the little bit of volatility that happens and you’re going to have an asset five years from now that most analysts are projecting is going to be an increase of anywhere from roughly 20%-30%.”- Maynard Wagner

Key Topics/What You’ll Learn:

• [01:05] Introducing the topic of today’s episode
• [01:38] What is a normal interest rate? Will interest rates keep going up?
• [03:19] Bull prediction: We’re not going to see a crash anytime soon...
• [05:43] How interest rates might impact your timeline for buying a house
• [08:15] What is a recession vs. a depression? What happens to real estate appreciation if we have a recession?
• [13:27] What is a real estate market crash vs. market normalization?
• [15:42] Pricing homes and inspection contingencies are becoming more important... That’s why you need a skilled agent if you’re buying or selling.
• [19:44] How inflation will impact home buyers in 2022-2023: Mortgage rates, purchasing power, and more.
• [23:20] Why you should consider a 5-year or 10-year adjustable-rate mortgage (ARM)
• [26:46] Expert advice and strategies for buyers/sellers navigating the real estate market in 2022
• [38:44] Our final predictions on crashes, prices, real estate trends, and more!
• [41:25] Changes happening in Seattle: Post-pandemic expansion, light rail, climate change, & the food scene

If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

SUBSCRIBE to our YouTube channel: https://www.youtube.com/channel/UCfznP6YUtzk0kaDewobj7jQ

Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

Follow us on Instagram: https://www.instagram.com/seattle_realtor_maynard

Connect with us on Facebook: https://www.facebook.com/MaynardWagnerRealEstateGroup

Follow Maynard on Twitter: https://twitter.com/maynardwagner

Follow him on TikTok: https://www.tiktok.com/@maynardwagner

Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle area and ranked #12 small team in WA.

Are you considering becoming an Airbnb or Vrbo host? Not sure how to start the process? In this episode of the Seattle Living & Wealth Building podcast, the Wagner Real Estate Group welcomes Adrian Bell to talk about buying and growing an Airbnb rental property from start to finish. Tune in as we break down tips, hacks, and strategies for buying, furnishing, marketing, and differentiating your investment property from others on the market.

You’ll gain insight into how to maximize the ROI on your Airbnb rental, the importance of profiling the different types of guests you host, how to sustain year-round demand, potential issues with HOAs, and so much more. If you’re dancing around the idea of investing in a short-term rental property (or multiple), grab our hands and let’s waltz through it together!

Key Topics/What You’ll Learn:

• [00:44] Introducing Adrian Bell and today’s topic
• [03:41] What to consider when buying, furnishing, and decorating an Airbnb rental
• [06:52] How to maintain year-round demand for an Airbnb in any market
• [08:29] Reasons for buying short-term rentals, like Airbnb and Vrbo, and common mistakes Airbnb hosts make
• [12:04] Differentiation: Why it’s important to create a story or niche for your Airbnb rental property
• [16:37] Marketing: The impact of social media on Airbnb and similar vacation rentals & Tips and tricks for boosting your rental on Airbnb
• [18:31] How long does it take to launch an Airbnb? & How supply chain issues and seasonality are impacting Airbnb hosts
• [23:15] How Adrian learned the business of Airbnb and vacation rentals
• [26:14] Tips and advice for becoming a Superhost
• [31:23] Will demand of Airbnbs rise in the future or will saturation become an issue?
• [35:49] Increasing the cash flow of your investment property & Why you need a budget
• [38:47] Updates on Lisa and Maynard’s new Airbnb
• [40:42] Budgeting: Upfront costs, average cost per square foot, making decisions with partner, and more.
• [45:08] What makes you say “yes” to an investment property?
• [50:19] What is a reasonable price to spend on an investment property?
• [53:56] Potential issues with HOAs and short-term rentals
• [57:20] What NOT to do when buying an Airbnb rental property

To connect with Adrian, email him at [email protected].

If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

SUBSCRIBE to our YouTube channel: https://www.youtube.com/channel/UCfznP6YUtzk0kaDewobj7jQ

Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

Follow us on Instagram: https://www.instagram.com/seattle_realtor_maynard

Connect with us on Facebook: https://www.facebook.com/MaynardWagnerRealEstateGroup

Follow Maynard on Twitter: https://twitter.com/maynardwagner

Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.

How has the home buyer’s journey changed over the past decade and what do you need to know about buying real estate in 2022? In this episode of the Seattle Living & Wealth Building podcast, we break down the fundamentals of the home buyer journey. Tune in as we address the challenges home buyers have been facing since the pandemic, the various costs associated with buying real estate, the 3-phase process for buying your ideal home, and more!

Then, we call our friend Nick, who recently bought his first home with his wife, to describe his real estate buying journey and what he learned throughout the process. Do all properties look as good as they do online? How did your buying criteria evolve as time went on? What caused you to back out of your first contract? What was the biggest challenge you experience during the home buying journey and how did we help you overcome that? Tune in to hear Nick’s valuable insights!

Key Topics/What You’ll Learn:

• [01:40] Introducing today’s topic
• [04:16] How long is the typical buyer journey in real estate?
• [05:08] Why it’s important to know what type of buyer you’re working with
• [05:50] What was your fastest closing?
• [07:07] Buyers don’t usually know where they’re at in the buying journey... What factors affect that and how do you address that as an agent?
• [10:35] Is there a formula for success? What does it take for buyers to succeed in the current real estate market?
• [13:45] Trends and changes we’ve seen in real estate and mortgage & Can we expect a real estate crash soon?
• [17:27] The impact of high-balance conforming loans on home buyers
• [19:54] Interest rates and real estate prices in Seattle in 2022
• [22:07] What is an appraisal? & How to navigate challenges with home appraisal gaps
• [28:41] Nick’s buying journey
• [46:03] How do I get started on the home buying journey?
• [48:42] Costs associated with buying real estate

Have a question about the home buying journey? Let us know!
If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

SUBSCRIBE to our YouTube channel: https://www.youtube.com/channel/UCfznP6YUtzk0kaDewobj7jQ
Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

Follow us on Instagram:
Maynard Wagner: https://www.instagram.com/seattle_realtor_maynard
Justin Day: https://www.instagram.com/justindayrealestate/
Michael Dapper: https://www.instagram.com/michaeldapper/

Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.

Looking to start investing in real estate but not sure where to start? You’ve come to the perfect place.

In this episode of the Seattle Living & Wealth Building podcast, the Wagner Real Estate Group welcomes Lisa Leikin, Vice President of Corporate Finance at BentallGreenOak, a commercial real estate investment advisor with over $20 billion in assets under management. Listen in as Lisa sheds light on her journey to becoming a real estate investor, highlighting the challenges and benefits of investing in real estate and renting your properties. She also shares how she turned a $0 down home mortgage into a $1.3 million investment property.

Key Topics/What You’ll Learn:

• Buying your first property as a first-time home buyer
• Converting your first home into an investment rental property while you’re buying a new primary residence
• The ins and outs of selling your rental property
• How to avoid capital gains tax after selling a rental property
• What is a 1031 exchange, and how do you turn a 1031 exchange into a profitable Airbnb property?
• The benefits of starting an Airbnb and the emotions behind buying real estate properties.
• Important things to consider when choosing a real estate agent.
• Navigating unexpected issues that commonly come in real estate investing.
• Factors in determining rental rates for an Airbnb.
• Trends in Seattle’s Airbnb market and the Arizona real estate market.
• Why you might want to do a long-term rental instead of a short-term rental.
• Is the real estate market going to crash in 2022 or 2023?

If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

SUBSCRIBE to our YouTube channel: https://www.youtube.com/channel/UCfznP6YUtzk0kaDewobj7jQ

Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

Follow us on Instagram:
Maynard Wagner: https://www.instagram.com/seattle_realtor_maynard
Justin Day: https://www.instagram.com/justindayrealestate/
Michael Dapper: https://www.instagram.com/michaeldapper/

Connect with us on Facebook: https://www.facebook.com/MaynardWagnerRealEstateGroup

Seattle Living & Wealth Building is produced by Wagner Real Estate Group based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.

Are you a millennial who wants to buy a home? This episode is for YOU! Listen in to the Seattle Living & Wealth Building podcast as the Wagner team welcomes Ben and Ashley, a recently-married millennial couple who are homeowners, real estate investors, and Airbnb hosts. They talk to us about buying a home as a millennial (and as recent grads), detailing the lessons they’ve learned from their journey in real estate investment and Airbnb hosting.

Ben and Ashley emphasize the value in exploring neighborhoods you’re not familiar with, the benefits of hiring a property manager to manage your Airbnb(s), and the importance of connecting with a trusted advisor to guide you through the home buying process.

We also get into the nitty gritty of things you need to consider when buying your first home or investment property.

Plus... Is it time to BUY? Tune in to hear our thoughts as we answer some of your most frequently asked questions!

“This isn’t our long-term house forever but getting an entry point of a townhouse... we’ve really felt that real estate is a way to kind of grow that wealth and to make long-term goals more achievable in the short-term through stepping stones of sizing up as you go.”- Ben

Key Topics/What You’ll Learn:

• [00:46] Introducing Ben & Ashley
• [02:04] Why buy real estate quickly after graduation?
• [05:13] Why timing is EVERYTHING in buying real estate!
• [05:53] How much they paid for their new construction Seattle home in 2015 & Why they chose a Magnolia townhouse over a condo
• [07:33] Ben & Ashley’s real estate journey: Choosing locations, starting an Airbnb, & getting their dream “summer home” in Seattle
• [16:07] Can you buy a house as a short-term investment? & Do you NEED to put 20% down on a home mortgage?
• [18:32] How do you avoid paying private mortgage insurance (PMI)?
• [23:38] Lessons learned from being an Airbnb host: Irvine, CA vs. Seattle, WA
• [31:54] What are CC&Rs for townhomes?
• [32:33] Advice for people buying their first home or Airbnb & The most common types of Airbnb bookings they get
• [42:21] ROI & Expenses of Airbnbs: Expectations vs. Reality
• [46:43] Their #1 piece of advice for aspiring homeowners and real estate investors
• [53:17] What’s next for Ben & Ashley?
• [55:46] Answering the most frequently asked questions we get from clients

If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

SUBSCRIBE to our YouTube channel: https://www.youtube.com/channel/UCfznP6YUtzk0kaDewobj7jQ

Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

Follow us on Instagram: https://www.instagram.com/seattle_realtor_maynard

Connect with us on Facebook: https://www.facebook.com/MaynardWagnerRealEstateGroup

Follow Maynard on Twitter: https://twitter.com/maynardwagner

Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.