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True Wealth Podcast
Mar 10, 2021
Money Mindset Shift. The Top 9 Myths That Keep Christians Stuck Financially - Part 2
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More episodes from True Wealth Podcast
Sep 19, 2023
Qualifying for a Prime Rate, Alternative Or Private Mortgage. The Pros & Cons of Each
Today we're diving into a fascinating topic that's been making waves in the lending industry: prime mortgage lending and private mortgage lending. Whether you're a homeowner, a potential homebuyer, or simply interested in the world of real estate, this episode will shed light on the key differences and implications of these two types of lending. Prime mortgage lending refers to traditional lending practices offered by banks and other financial institutions. These lenders follow strict underwriting guidelines, ensuring borrowers meet specific criteria, such as a good credit score, stable income, and a low debt-to-income ratio. Prime mortgages are typically associated with lower interest rates, higher prepayment privileges, standard amortizations of 30 years or less, and are considered less risky for lenders due to the rigorous evaluation process. Private mortgage lending, also known as non-prime or alternative lending, offer a different avenue for borrowers who may not qualify for prime mortgages. Private lenders are typically individuals or small companies that are not subject to the same strict regulations as traditional banks. This allows them to consider other factors when evaluating borrowers, such as the property's value, potential rental income, or the borrower's equity. Private mortgage lending can be a lifeline for those with less-than-perfect credit scores, self-employed individuals, or even real estate investors. In conclusion, understanding the differences between prime mortgage lending and private mortgage lending is essential for anyone navigating the world of home financing. Prime mortgages, offered by traditional lenders, follow strict guidelines and are ideal for borrowers with good credit and stable income. Private mortgages, on the other hand, provide an alternative for individuals who may not meet the criteria for prime lending but still need financing for their real estate endeavors. Join us in the upcoming episodes as we bring in experts from the lending industry, share real-life stories, and provide valuable insights to help you make informed decisions about your mortgage needs. Stay tuned to "True Wealth Podcast," where we empower you with the knowledge to navigate the world of real estate investing. _Featured on the Show_ * _Othneil Litchmore_ * Follow Othneil on Facebook, TikTok or Instagram _Follow Us_ * Twitter * Instagram * Facebook * Youtube * TikTok Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.
Sep 5, 2023
Choosing a Property Manager and Why You Should Have One
Welcome to True Wealth Podcast, where we explore the importance of hiring a property manager. Today, we'll uncover why having a skilled property manager is crucial for property owners. From enhancing tenant relations to handling maintenance and legal compliance, they take the burden off your shoulders. Join us as we provide valuable insights and expert tips from industry professionals to help you make informed decisions about property management. A residential property manager is responsible for the day-to-day management of residential properties on behalf of the owner. Their key duties include tenant relations, property maintenance, rent collection, financial management, marketing, legal compliance, and administrative tasks. They handle tenant screening, lease agreements, maintenance requests, rent collection, property inspections, marketing vacant units, ensuring legal compliance, and maintaining accurate records. So, get ready to tap into the wisdom of industry leaders, expand your knowledge, and unlock the potential of your real estate ventures. Stay connected as we bring you engaging conversations that will inspire and empower you on your journey. Featured on the Show: * Christine Minton * _Othneil Litchmore_ * Follow Othneil on Facebook, TikTok or Instagram _Follow Us_ * Twitter * Instagram * Facebook Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.
Aug 22, 2023
Vetting a Prospective Tenant for Your Rental Property
Join hosts Seun Adeyemi, a Certified Financial Planner®, and Realtor Othniel Litchmore in this episode of the True Wealth Podcast as they delve into the crucial process of vetting potential tenants for rental properties. Drawing from their expertise in financial planning and real estate, they provide insights on tenant selection, red flag identification, and maintaining a balanced approach to ensure successful property management. Episode Highlights: Key Considerations: The hosts highlight the importance of thorough tenant vetting, stressing its impact on rental property success. Red Flags: Learn how to identify warning signs during the screening process, such as inconsistent income and rental history gaps. Balancing Caution and Fairness: Discover tips on maintaining fairness while avoiding potential legal pitfalls. Using Technology: Explore online tools to verify tenant information and ensure a secure selection process. Building Positive Relationships: The hosts underscore the value of effective communication and fostering a harmonious tenant-landlord dynamic. Tune in for expert advice from Seun Adeyemi and Othniel Litchmore on making informed tenant selection decisions for lasting property success. _Featured on the Show_ * _Othneil Litchmore_ * Follow Othneil on Facebook, TikTok or Instagram _Follow Us_ * Twitter * Instagram * Facebook * YouTube * TikTok Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.