The Perfect Property Podcast: An Atlanta Real Estate Guide
The Top Ten Awesome Reasons Why to Buy Now - With Rick Hale
Summary: In this episode of The Perfect Property, our host Juli chats with Rick Hale, the operating partner for Juli’s office. Rick owns multiple Keller Williams market centers and has had thousands and thousands of real estate closings over the decades he's been in the business. He’s been selling in Atlanta since 1996, works with a team of nine active agents and staff, and is the operating partner for six real estate offices.
Rick walks us through ten reasons to buy a house now! Those reasons include tax deductions, pride in home ownership, forced savings, and bank credibility. At the end, he and Juli discuss Atlanta’s growth and Rick gives his perspective on whether or not a shift is coming in the Atlanta market.
What You’ll Learn:
· The excitement of buyers buying first-time homes (1:25)
· Reason #1: Leverage (3:54)
· Reason #2: Mortgage interest is tax-deductible (5:31)
· Reason #3: Appreciation potential (6:51)
· Reason #4: Pride in home ownership (9:20)
· Reason #5: No tax on capital gains (10:20)
· Reason #6: 1031 exchanges (11:25)
· Reason #7: Forced savings (12:00)
· Reason #8: Bank credibility (15:11)
· Reason #9: Expanding retirement through rental options (16:28)
· Reason #10: Social credibility (18:35)
· Advice for Atlanta’s growth (20:45)
· Are we heading into a shift in Atlanta? (22:50)
Key Points:
“It’s very uncommon for people to regret making a real estate purchase.”
“All of the interest paid along the way is deductible.”
“Just saving money isn’t really leveraging your money like you can with a real estate purchase.”
“The only people that I’ve found that lose money in real estate are people that have to sell at the wrong time. If you have the capacity to carry that property through the downturns, inevitably the trend line that’s well over 100 years old always favors ownership, and you’ll always create a win over time.”
“Even then if you don’t live in it, there’s still capacity with investment properties, commercial properties, and real estate where you don’t live in, you can upgrade and move into other properties and as long as you transfer that in a 1031, legal way, you can push all your gains into another property and basically defer the taxes again.”
“The ability to go to my bank and borrow money is contingent on two things: one is assets and the other is how many liabilities I have. And my credibility is directly correlated to my ability to borrow money and pay it back effectively.”
“My advice is: start to build credibility through asset acquisition and repayment.”
“If you bought ten rental properties and you held onto them for twenty years and accelerated your payment schedule and paid them all off, the likelihood of you having a multimillion-dollar asset in your pocket is extreme.”
“Real estate doesn’t suffer the same volatility that stocks do.”
Links:
Juli’s Email: juli@theperfectproperty.com
Juli’s Phone Number: 404-668-8975 (call or text)
The Perfect Property Website. www.theperfectproperty.com
https://linktr.ee/julistgeorge
Summary: In this episode of The Perfect Property, our host Juli chats with Rick Hale, the operating partner for Juli’s office. Rick owns multiple Keller Williams market centers and has had thousands and thousands of real estate closings over the decades he's been in the business. He’s been selling in Atlanta since 1996, works with a team of nine active agents and staff, and is the operating partner for six real estate offices.
Rick walks us through ten reasons to buy a house now! Those reasons include tax deductions, pride in home ownership, forced savings, and bank credibility. At the end, he and Juli discuss Atlanta’s growth and Rick gives his perspective on whether or not a shift is coming in the Atlanta market.
What You’ll Learn:
· The excitement of buyers buying first-time homes (1:25)
· Reason #1: Leverage (3:54)
· Reason #2: Mortgage interest is tax-deductible (5:31)
· Reason #3: Appreciation potential (6:51)
· Reason #4: Pride in home ownership (9:20)
· Reason #5: No tax on capital gains (10:20)
· Reason #6: 1031 exchanges (11:25)
· Reason #7: Forced savings (12:00)
· Reason #8: Bank credibility (15:11)
· Reason #9: Expanding retirement through rental options (16:28)
· Reason #10: Social credibility (18:35)
· Advice for Atlanta’s growth (20:45)
· Are we heading into a shift in Atlanta? (22:50)
Key Points:
“It’s very uncommon for people to regret making a real estate purchase.”
“All of the interest paid along the way is deductible.”
“Just saving money isn’t really leveraging your money like you can with a real estate purchase.”
“The only people that I’ve found that lose money in real estate are people that have to sell at the wrong time. If you have the capacity to carry that property through the downturns, inevitably the trend line that’s well over 100 years old always favors ownership, and you’ll always create a win over time.”
“Even then if you don’t live in it, there’s still capacity with investment properties, commercial properties, and real estate where you don’t live in, you can upgrade and move into other properties and as long as you transfer that in a 1031, legal way, you can push all your gains into another property and basically defer the taxes again.”
“The ability to go to my bank and borrow money is contingent on two things: one is assets and the other is how many liabilities I have. And my credibility is directly correlated to my ability to borrow money and pay it back effectively.”
“My advice is: start to build credibility through asset acquisition and repayment.”
“If you bought ten rental properties and you held onto them for twenty years and accelerated your payment schedule and paid them all off, the likelihood of you having a multimillion-dollar asset in your pocket is extreme.”
“Real estate doesn’t suffer the same volatility that stocks do.”
Links:
Juli’s Email: juli@theperfectproperty.com
Juli’s Phone Number: 404-668-8975 (call or text)
The Perfect Property Website. www.theperfectproperty.com
https://linktr.ee/julistgeorge