Real Estate Real Fast

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. 

Focusing on major Texas metro areas like Austin, DFW, Houston, and San Antonio, Aaron discusses important trends and developments that homeowners, investors, and anyone interested in real estate should be aware of. 

From changing median home prices to increasing days on market and shifting interest rates, Aaron covers a wide range of topics and insights in this episode.

Listen to the full episode for Spring 2023 trends in the Texas Real Estate Market.

Episode Summary

In this episode, Aaron Jistel interviews Lori Carlisle, the president of Model Property Brands, discussing the importance of home staging for selling properties, decluttering, depersonalizing the property, current trends in home staging, and the ideal customers and projects for their staging and design business. 

They also discuss the benefits of virtual staging, open concept living spaces, and the importance of staging awkward spaces in real estate.

About Lori Carlisle

Lori Carlisle is the President of Model Property Brands, a company specializing in home staging, design, and short-term rental setups. With over 20 years of experience in the industry, Lori is an expert in creating visually appealing spaces that appeal to potential home buyers.

She works closely with homeowners, real estate agents, investors, and builders to understand their specific needs and create a customized look and feel for each property. 

Lori's team at Model Property Brands is known for their creativity, attention to detail, and ability to showcase a home's unique features. She believes that staging is an essential part of the home selling process and can help properties sell faster and for more money. When she's not working with clients, Lori enjoys keeping up with the latest design trends and exploring new ways to enhance the home buying and selling experience.

About Model Property Brands

Model Property Brands is a company that specializes in making homes visually appealing to potential buyers through the process of home staging. With a focus on decluttering, depersonalizing, and rearranging furniture, Model Property Brands aims to highlight a home's best features and help potential buyers envision themselves living in the space. Their services can help homes sell faster and for more money, making it a worthwhile investment for sellers.

Episode Highlights

Episode Summary

How will the current state of the banking industry impact the commercial real estate market?

Silicon Valley Bank's recent failure had a significant effect on the startup community that relied on the bank for funding, while the commercial real estate market is facing a crisis as local banks hold over $2.3 trillion in commercial real estate debt. 

A potential collapse in the commercial real estate market could have significant negative effects on the economy, leading to job loss, market turmoil, and uncertainty that could trickle down to the residential markets. 

However, the need to invest money somewhere could lead more investment dollars to funnel over into the housing sector as real estate is still considered a safe asset class to invest in.

Tune into this episode of Real Estate Real Fast to learn more about where things are headed in the commercial real estate market.

Episode Highlights

In this episode of Real Estate Real Fast, James Lipton from Entera talks about scaling in real estate, working with investors, understanding market trends, and negotiating rentals. He emphasizes the importance of focusing on tenant needs first when buying rental properties, using internal rate of return to evaluate investments, building rapport with listing agents, and having multiple targets when investing. Aaron, the host, also interviews James about Entera’s use of AI and machine learning to analyze data and provide insights into markets.

James Lipton is the Head of Negotiations at Entera, a PropTech company specializing in multi-family investments. With over 10 years of experience in the proptech space, James began his career at Qualia helping to build out the industry-leading title and escrow software. ListingSpark’s brokerage arm - SparkTitle - uses Qualia as their Title and Escrow Arm. 

James is passionate about helping smaller investors operate at scale and believes that the traditional methods of assessing a rental property investment such as cap rate can be improved. He also advises buyers to focus on finding the right customer for the property rather than finding a property and hoping customers come along.

Highlights

Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

Aaron Jistel interviews real estate investor Derek Williams about his experience in the business and strategies for success. They discuss topics such as flipping houses, finding partners, bank financing, lead generation and motivated seller tactics, a tight buy box, and listing on the MLS.

Derek Williams is an experienced real estate investor who has completed over 100 deals in the past decade. He started out investing in foreclosures and soon realized he had a knack for finding underpriced properties. Derek was willing to take risks and put his chips in the middle in order to increase value, which led him to great success. He now focuses on the first-time home buyer market for real estate deals.

Aaron Jistel and Ryan Jones discuss the current real estate market, loan products for investors, cash out rule changes from Fannie Mae, debt service coverage ratio loans, interest rates, and home equity lines of credit. They also talk about how to buy and sell real estate during the current housing market for investors and Ryan's unique dome property in Texas.

Ryan Jones is an experienced real estate investor and mortgage specialist. He has been in the mortgage industry for nearly a decade, starting at Quicken Loans in 2015 before relocating to Texas and working side jobs while managing his business. He's currently a branch manager for Security National Mortgage Company and has built a successful portfolio of investment projects.

Ryan has a unique property - a dome on an acre in Lago Vista - which he purchased in 2021 for $345,000 and rehabbed for $80,000. He used the 'BRRRR' method (buy, rehab, refinance, rent, repeat) and has recently focused on creative financing options such as subject to or owner financing. Ryan is also part of the Investor Underground networking group in Austin.

Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. Julie and Rachael discuss the importance of access to capital and building relationships with lenders. They also talk about the different types of financing available and how to structure a successful real estate investment.

Rachael Holladay is the VP of Lending at Stallion Funding, a real estate and hard money lending firm. She has been with the company for 12 years and enjoys helping her clients be successful.

Stallion Funding is a hard money lender offering creative financing solutions for real estate investments and projects. Stallion Funding has established relationships with builders, land developers, and investors in the Austin area. With an expert team of loan officers, Stallion Funding provides loans based on the project and experience rather than credit score.

In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission's contracts and documents may affect home sellers and buyers. He covers topics such as cash payments, mud, WCID and PID notices, Section 7D of the TREC contracts, HOA transfer fees, special provisions and third party financing addendums.

In this episode of Real Estate Real Fast, host Aaron Jistel interviews Kyle Christian, an experienced investor in private and hard money investments, flipping houses, and managing AirBnBs and hotels. Kyle explains his strategy for finding good AirBnB deals, including serving underserved markets, analyzing and validating numbers, providing clear instructions to guests, and looking for reviews when evaluating management companies. He also discusses the financing process and recommends resources like Roddy List and Skip Force. Finally, he emphasizes the importance of taking action and setting realistic expectations.

Kyle Christian is an experienced real estate investor who has been in the industry for over 10 years. He is well-versed in real estate investment,with experience ranging from private and hard money investments to flips, AirBnBs, hotels and more. Kyle is known for his ambitious projects, such as a multi-million dollar flip and a beautiful hotel in San Angelo. He also specializes in financing AirBnB properties and can provide guidance to both novice and experienced investors.