That Hits Home

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Shake and I discuss his journey of buying property in his 20s and having friends move in to off-set the mortgage payments as well as provide a place for his friends to stay with a reasonable rent.

We talk using real estate to invest in a certain kind of lifestyle, how covid enabled Shake’s dream of buying a place in NYC possible, as well as the absolutely hilarious story behind the scenes of this decision coming to fruition.

We also discuss how some careers aren’t necessarily recognized or deemed qualifiable in the eyes of a mortgage lender, such as a trader, so cash or a second stream of income is imperative when purchasing a home depending on the state and probably SO many other variables.

Last, but certainly not least, we go over some of the benefits and unanticipated surprises of homeownership, and some top takeaways after buying his second property across the country.

Links: @shakepryz // @tradingexperts // Episode 16 on Apple Podcasts // @spirituallynutritious // @seasyourhome

Definition(s):

Non-gauranteed Income: "Non-guaranteed income is anything that's subject to market changes and are not guaranteed to last a certain amount of time. Guaranteed income, on the other hand, is fixed and structured for a certain amount of time and can even be designed to last a lifetime." - Google

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

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   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

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   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

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If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

My mom, Deb Sprung, and I were going to have a conversation about the real estate market to share with you, as she's a well-seasoned Real Estate Agent up in North Jersey.

Due to a combo of tech issues and poor timing, I sent my mom some questions and she provided her answers for us that I share with you in this episode.

The topics discussed are regarding what happened to the real estate market since covid, how it differs from the bubble back in 2008, how to navigate your thought process when buying a house in this heightened market, as well as ways to make sure you don't purchase a home followed with buyer's remorse.

Links: @debsprung // @spirituallynutritious // @seasyourhome

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

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If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions! 

Cecil Cummins is an extremely bright young man who made smart moves early on in life. In this episode, we discuss: 

DEBT!! Is it good? Bad? Neither? Cecil has the best perspective on debt and it is a game changer. 

We talk about gamifying real estate and educating ourselves on what we can do to make smart investments, risk taking and how there are different kinds of people willing to take different levels of risk, and how it’s best we educate ourselves on our options!! Cecil explains what he’s working on with his current real estate investment endeavors, and how there’s a balancing act while taking all the advice out there on all ends of the spectrum.

Other topics we touch on are tracking our money versus budgeting, as well as going into depth about renting versus buying a home.

Links: @cecilcummins // @1LifeFullyLived // @DaveRamsey // @GrantCardone // @CathieWood // @Yuval_Noah_Harari // @ScottGalloway // @AndrewYang // @JoeRogan // @ElonMusk // @HowIBuiltThis with @GuyRaz // @JeffHoffman // The Morning Brew newsletter // The Economist // NPR // @spirituallynutritious // @seasyourhome 

Books: Sapiens // Homo Deus // 21 Lessons for the 21st Century

Check out your local city government incentives!

Google Definitions:

Return on Investment (ROI): "Return on investment or return on costs is a ratio between net income and investment. A high ROI means the investment's gains compare favourably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments."

Mortgage: "A mortgage is a type of loan that's used to finance property. A mortgage is a type of loan, but not all loans are mortgages. Mortgages are “secured” loans. With a secured loan, the borrower promises collateral to the lender in the event that they stop making payments."

Refinance: "finance (something) again, typically with a new loan at a lower rate of interest."

S&P 500: "The Standard and Poor's 500, or simply the S&P 500, is a free-float weighted measurement stock market index of the 500 largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices."

Using debt to leverage an investment: "Leverage is the use of debt (borrowed capital) in order to undertake an investment or project. The result is to multiply the potential returns from a project. At the same time, leverage will also multiply the potential downside risk in case the investment does not pan out."

Cash dividends: "A cash dividend is the distribution of funds or money paid to stockholders generally as part of the corporation's current earnings or accumulated profits. Cash dividends are paid directly in money, as opposed to being paid as a stock dividend or other form of value."

Depreciating Asset: "A depreciating asset is an asset that has a limited effective life and can reasonably be expected to decline in value over the time it is used. ... Most intangible assets are also excluded from the definition of depreciating asset."

Surplus: "an amount of something left over when requirements have been met; an excess of production or supply over demand." 

Deficit: "In financial terms, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. A deficit is synonymous with a shortfall or loss and is the opposite of a surplus."

Illiquid Investments: "Illiquid refers to the state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value."

Loan to Value Ratio: "The loan-to-value (LTV) ratio is a measure comparing the amount of your mortgage with the appraised value of the property. The higher your down payment, the lower your LTV ratio. Mortgage lenders may use the LTV in deciding whether to lend to you and to determine if they will require private mortgage insurance."

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

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If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Quarter 2 of 2021 is nearly wrapping up as it's mid-June and the next episode in two weeks from today is July 1st.

In this episode, I talk about finding grace in the phases of life while utilizing seasons, months and oftentimes even weeks as a fresh new start rather than waiting for January 1st every year.

I touch on the grace I give myself and others as I navigate a fairly new career in real estate, dating and the adventure that provides and pivoting my almost 2.5 year old baby, Well & Why, to focusing strictly on Real Estate for now to see how that benefits my current reality.

I hope this episode helps you in some way to realize that it’s 110% more than welcomed to continue twisting, turning and making decisions that benefit YOU.

We have a full SIX months left until this year concludes; that holds space for two more seasons, six more months, approximately 24 weeks and MANY more opportunities for do-overs.

We got this :)

Links: @safewayoutnj // @madfit // @batchonmain in Manasquan // @spirituallynutritious // @seasyourhome

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

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If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Nikki and Aaron met in Texas at a job of theirs and they've been together ever since! They've moved around countless times from rental to rental and eventually jumped when the time was right to jump.

The stars aligned for Nikki and Aaron to be the homeowners of the house they solidified in Houston, Texas.

In this episode, we touch on how time and place is everything.The fact that this process is so damn confusing, these two highly suggest asking all the questions AND doing your own due diligence so you know exactly what to ask. Lastly, we finished up with all of the perks and highlights of owning a home despite the fear of permanency in such a temporary world. 

Links: @seasyourhome // @spirituallynutritious

Gentrification - "the process whereby the character of a poor urban area is changed by wealthier people moving in, improving housing, and attracting new businesses, typically displacing current inhabitants in the process." - Google

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

   ---

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

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Chandler and Mark Sheehan hit the jackpot for their first time buying a piece of property.... out of state.. for investment purposes only! These two really prove the point of that quote, "luck is where preparation meets opportunity."

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In this episode, we discuss the advantages of buying their first investment property out of state in Florida while living in Jersey City.

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We go in on how the TEAM Chandler and Mark worked with down in Florida was a major reason they ended up purchasing their first property out there. The fact that their agent believed in them and had a vetted team of reputable vendors had these two hone in on that area of Florida, versus all of the other US locations they were looking into at the time.

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Lastly, speaking of time, we talk about how timing plays a massive role in your home search!

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Links: @seasyourhome // @spirituallynutritious // Bigger Pockets

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Google's Definitions:

Capital - "This refers to the money used to fund a real estate venture. This money could cover the costs of buying an investment property, initial renovations, and other extra costs. There are two main kinds of investment capital: equity and debt."

IRA - "An individual retirement account (IRA) is a tax-advantaged account that individuals use to save and invest for retirement."

Cash Flow - "In real estate, cash flow is the difference between a property's income and expenses including debts. Cash flow is used in properties that produce income, like rental real estate such as an apartment complex, single-family rental, duplex, or commercial building."

Rent Roll - "A rent roll is a report that provides detailed information about the property, the tenant, and rents. Rent rolls can be constructed for a single property or an entire rental property portfolio."

Capital Expenditures - "Capital expenditures are the money used to add to or improve a property beyond common repairs and maintenance. Capital expenditures are used for investment properties, equipment, and other fixed business assets. Many people refer to capital expenditures as capex.

Vacancy Rate - "The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. A vacancy rate is the opposite of the occupancy rate, which is the percentage of units in a rental property that are occupied."

Equity - "Equity is the difference between the market value of your home and the amount you owe the lender who holds the mortgage. 1 Put simply, it's the amount of money you'd receive after paying off the mortgage if you were to sell the home."

See acast.com/privacy for privacy and opt-out information.

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Chandler and Mark Sheehan hit the jackpot for their first time buying a piece of property.... out of state.. for investment purposes only! These two really prove the point of that quote, "luck is where preparation meets opportunity."

In this episode, we discuss the advantages of buying their first investment property out of state in Florida while living in Jersey City.

We go in on how the TEAM Chandler and Mark worked with down in Florida was a major reason they ended up purchasing their first property out there. The fact that their agent believed in them and had a vetted team of reputable vendors had these two hone in on that area of Florida, versus all of the other US locations they were looking into at the time.

Lastly, speaking of time, we talk about how timing plays a massive role in your home search!

Links: @seasyourhome // @spirituallynutritious // Bigger Pockets

Google's Definitions:

Capital - "This refers to the money used to fund a real estate venture. This money could cover the costs of buying an investment property, initial renovations, and other extra costs. There are two main kinds of investment capital: equity and debt."

IRA - "An individual retirement account (IRA) is a tax-advantaged account that individuals use to save and invest for retirement."

Cash Flow - "In real estate, cash flow is the difference between a property's income and expenses including debts. Cash flow is used in properties that produce income, like rental real estate such as an apartment complex, single-family rental, duplex, or commercial building."

Rent Roll - "A rent roll is a report that provides detailed information about the property, the tenant, and rents. Rent rolls can be constructed for a single property or an entire rental property portfolio."

Capital Expenditures - "Capital expenditures are the money used to add to or improve a property beyond common repairs and maintenance. Capital expenditures are used for investment properties, equipment, and other fixed business assets. Many people refer to capital expenditures as capex.

Vacancy Rate - "The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. A vacancy rate is the opposite of the occupancy rate, which is the percentage of units in a rental property that are occupied."

Equity - "Equity is the difference between the market value of your home and the amount you owe the lender who holds the mortgage. 1 Put simply, it's the amount of money you'd receive after paying off the mortgage if you were to sell the home."

   ---

   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

   ---

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Alexa Modero and her now fiancé, Brett, bought a condominium in Jersey City, NJ, right before the pandemic broke out and the market exploded. Their timing was quite spot-on for buyers compared to what it is nowadays.

In this second episode of On the Corner of Well & Why, my new Real Estate series for Millennials, we discuss Alexa and Brett's intentions for buying a condo rather than just renting an apartment.

We also touch on the shell shocking experience of being a first time home buyer in regards to the little things that were never taught or shared until it was Alexa’s time to buy. The process is so detailed!

We laugh at how all of the instagram pics with a sold sign make it out to seem as though buying a home is all rainbows and butterflies, when in reality, it’s a really challenging time for buyers!! This, my friend, is why it’s extremely important to work with somebody who you know, like and trust, or even been referred to by somebody else. A mutual connection is always a huge perk when seeking a real estate professional. 

Alexa also shares with us the unexpected perks of having an HOA, otherwise known as a home-owners association, being that she and Brett bought their first home in a condominium.

Google Definitions

Homeowner Association (HOA): "In the United States, a homeowner association is a private association often formed by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. Wikipedia"

Condominium: "A condominium, is a type of living space but independently sellable and therefore regarded as real estate. The condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Condominiums are a type of common-interest development. Wikipedia"

Mortgage: "a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt."

Refinancing: "In the real estate world, refinancing in general is a popular process for replacing an existing mortgage with a new one that typically extends more-favorable terms to the borrower."

Links: Ep. 59 with Alexa about their non-profit Backpacks for Life // @backpacksforlife // @spirituallynutritious // @seasyourhome // Allee Sprung Real Estate

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

   ---

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Gina Cattanach shares with us her ways of getting started in 2018 as a Beach Clean Up Organizer. This year, I've joined in her hopes of doubling the numbers: trash collected, number of attendees/volunteers and total outreach.

There's truly no better feeling than that of helping the environment, together as a community, for ourselves, future generations and our planets' array of beautiful creatures.

We talk a lot about mindfulness here, so in light of Earth Day, take a look around when you’re outside this week and notice just how much trash is everywhere we turn. Maybe we can all pick up one piece of garbage, daily.

We discuss the environment, starting a beach cleanup and how to look into putting one together yourself! We also touch on the little things we can do daily to play our part.

Links: Ocean Conservancy // Clean Swell app info // 4Ocean // Sand Cloud // LOQI Bags // Wholesome Culture // SimpliGood Toothbrushes // Tru Earth Detergent Sheets // Bambaw Bamboo Cutlery Set // Noap Soap - ep. 47 // Energy Bits - ep. 54 // smile.amazon.com // @gisaveswhales // @spirituallynutritious // @seasyourhome // [email protected] // BEACH CLEAN UP 5/1

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   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

   ---

If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!

Welcome to the first ever episode of On the Corner of Well & Why! This is my new real estate series where we're sharing knowledge, wisdom, tips, personal experiences and the tools you'll need to understand a little bit more of what goes on behind the scenes of buying or selling a home.

So much of my wellbeing has to do with where I'm living and with whom, and lifestyle choices are absolutely altered when these variables are changed.

Christin Kingsbury is one big flooding source of information regarding real estate and investing.

In this episode, we talked investing as a landlord, a flipper or even a first time home buyer, Christin’s top five tips for starting from where you are, as well as problem solving strategies.

Links: Facebook // Get Some Assets Inc. // @kingsbury_group // @spirituallynutritious // @seasyourhome // [email protected]

~ Jargon defined by Google ~

Financing: "Financing is the process of providing funds for business activities, making purchases, or investing. Financial institutions, such as banks, are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals."

Balloon payments: "a repayment of the outstanding principal sum made at the end of a loan period, interest only having been paid until the point in time under discussion."

Equity: "Equity is the difference between the market value of your home and the amount you owe the lender who holds the mortgage. 1 Put simply, it's the amount of money you'd receive after paying off the mortgage if you were to sell the home."

Capital: "Capital is typically cash or liquid assets being held or obtained for expenditures. In a broader sense, the term may be expanded to include all of a company's assets that have monetary value, such as its equipment, real estate, and inventory."

Net Worth: "In a nutshell, your net worth is everything you own of value (total assets) minus everything you owe in debts (total liabilities). Your total assets include cash, or anything that could be sold for cash, investments, real estate properties, cars, stocks, jewelry, well you get it, everything you own."

Manufactured home: "Manufactured housing refers factory-built homes that can be placed on a piece of land. Styles vary from modest trailers to dwellings that look like houses built permanently on a site."

Site built homes: "A site-built home is one where all the components, right down to the lumber and fasteners are brought to the outdoor location and assembled outdoors, piece-by-piece, and exposed to the weather during most of the process."

   ---

   **Connect with us:**

   *   Website: https://linktr.ee/alleesprung

   *   Instagram: @seasyourhome

   ---

   **Credits:**

   *   Host, Editor and Producer: Allee Sprung

   ---

   **Please Leave a Review:**

   *   Apple Podcasts or Spotify

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