Torcana Real Estate Investment with Colin Murphy

We are approaching the end of the year and a lot of investors I speak to on the phone are worried about mortgage interest rates and how the recent and possible future increases could affect their investment plans. So, I thought it would be a great idea to invite Kristine Bredeau from Eagle Home Mortgage onto the show. I´ve known Kristine for a few years and she has helped many of our out-of-state clients secure mortgages for rental properties in the Tampa Bay area. She is very experienced, understands what investors need and I am delighted she found time to join us today.

Topics covered in this wide ranging interview include:

- What mortgage interest rates we can expect in the New Year - What loan to value ratios are available for investor loans - The many advantages of releasing equity on a primary residence - Tips on how to improve your credit score - Current status of foreclosures in Florida - The shadow inventory banks are holding and if they will dump it in 2017 - The best time of year to make offers on foreclosure properties - And much more!

Contact Details

Kristine Bredeau Eagle Home Mortgage 4600 W. Cypress Street, Suite 465 Tampa, FL 33607

Office 813.379.3180 Cell: 813.731.1212 [email protected] www.eaglehm.com

On this week's show, we welcome Maria De Yampert from Island Breeze Title into the Torcana podcast booth to dispel some of the myths surrounding what title agents do, how they protect buyers and sellers, exactly what services they provide and how they can sometimes save you thousands of dollars!

In my experience title agents are often undervalued and under appreciated by real estate agents and investors. I have worked with Maria for many years and she has saved myself and my colleagues a lot of time and money by doing her job very well.

Topics covered in this interview include:

- Why some states use attorneys and others use title agents - How title agents represent both buyers and sellers - The importance of their escrow services and how they work - The long list of liens that can be attached to properties and how to find them - Why it is important for owners to get their own title insurance policies - A breakdown of closing costs on a typical transaction - And finally, Maria tells us about how she caught a man and his girlfriend trying to sell a family home without telling the wife!

PDF Transcript of Interview: http://cdn2.hubspot.net/hubfs/116373/Podcasts/Torcana-Podcast-18-Transcript.pdf

Contact Details Maria T. de Yampert Island Breeze Title, Inc. 1135 Pasadena Ave. So., Ste 308 So. Pasadena, FL 33707 727-388-9922; Fax 727-388-6954 [email protected]

In this week's show, we welcome Mike Bundy of Sunista Realty to the podcast booth to tell us about a property managers life, the problems he encounters and the advice he has for long term investors.

This show is packed full of actionable information which includes:

- What sets apart really good managers from ordinary or poor ones? - What is involved in advertising a property and placing a great tenant? - What do tenants REALLY want and what makes them stay in a property long term? - What up front measures can you take to make sure you don´t accidentally rent your property to a bad tenant? - If a tenant stops paying their rent, how does the eviction process work? - What are the typical maintenance issues an investor should expect to deal with from time to time? - PLUS: How Mike dealt with a situation where a tenant was convinced there was a BEAR in the attic!

There is a lot to be said for investing in your home market, but sometimes it just isn´t practical because prices are so high and/or rental returns are so low. If you want to invest out of state properly, there are a number of steps you need to follow to avoid making some very expensive mistakes. Here are my 7 recommended tips to get started on building a rental portfolio far from where you list and work.

We have a destination specific podcast today as we drill down into the reasons why Florida, and particularly the Tampa Bay area is such a hot destination for rental property investors right now.

Located on the west coast of Florida, Tampa Bay is a densely populated metro area (second only to Miami) with a population of more than 4 million and a local economy worth $130 billion. Major cities within this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday and Tampa.

The Greater Tampa Bay area is consistently ranked among the top 20 fastest growing metro areas in the country and with billions of dollars of residential, commercial and infrastructure investment underway, it is one of the engines of the Florida economy.

More than 19 firms with annual revenues of more $1 billion are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diversified economy with financial services, healthcare, research, education, tourism/retirement, and military bases all making significant contributions to jobs and growth.