Mortgage rates are down, should I refinance? Family or Friend Compound?
Todd and Ian kick things off with a discussion on strategy sessions. They explore the goals and purpose behind these sessions, particularly in the context of 2024. If you want to get in on these - CALL US! 214-216-2161 - we want to help you reach your real estate goals! They hit on the phenomenon of short-term rentals, reflecting on their surge in popularity in 2020 and 2021, followed by increasing restrictions in many cities. They ponder whether short-term rentals remain a viable and strong investment option. One big topic they hit on is the current trend of decreasing interest rates, with a notable one-point drop. This prompts the question of whether it's the opportune time for listeners to consider refinancing or if waiting a bit longer might be more advantageous. The answer is a valuable one! We also conducted a survey on social media, revealing that 75% of respondents dream of owning a home on land. Todd, who specialize in this niche, express curiosity about the widespread desire for homes on land and the perceived challenges in achieving this dream. The episode concludes with a lighthearted discussion about the idea of buying a large piece of land with friends to create a compound with amenities like a pool and basketball court.