June | Agave Newsletter

Author

Agave Home Loans
July 21, 2023

Good Morning! This heat is no joke here in Phoenix, AZ and we hope you are finding ways to stay cool. Its definitely heating up in the mortgage world as rates continue to rise, student loans are starting back up, and cities are still feeling the burn of inflation. However, its in the heat where diamonds are formed and its no different in our day to day. We must remember that heat and pressure forces us to become creative in how we solve problems, and those that can withstand will ultimately be successful!

"Success is not born from comfort; it emerges when you embrace the heat and rise above it."

Performance Stats

  • $27,681,328 in funded volume

  • 84 Families helped close on a loan

  • Expanded our team to the largest its been with 70 employees and growing!

1. House Hacking can save you thousands…..

Most of us have had roommates at some points in our lives whether we shared a room with our siblings, roommates in school, or living with our loved ones. We can maximize how much we save every month by utilizing the space within our home. This not only brings in more income into your life, but also helps pay down your bills or mortgage which has long term saving benefits.

What is House Hacking?

House hacking is a smart and savvy financial strategy that can substantially reduce homeowners' monthly expenses. By purchasing a property with multiple units, such as a duplex, triplex, or fourplex, homeowners can live in one unit while renting out the others. This can also be done by renting out your spare bedrooms in your primary home. The rental income generated from the additional units/rooms can cover a significant portion, if not all, of the mortgage, property taxes, and other costs associated with homeownership. To maximize savings and benefits from house hacking, homeowners should consider a few key tips and tricks.

Firstly, research the local real estate market to find properties with high rental demand and potential for appreciation.

Secondly, ensure the property is well-maintained to attract and retain quality tenants, reducing vacancy periods.

Thirdly, create separate leases for each tenant to protect your income stream in case of tenant turnover.

Additionally, having tenants nearby can provide added security and oversight for the property. Overall, house hacking presents an opportunity for homeowners to build wealth, save on housing costs, and even potentially earn passive income, making it a powerful tool for achieving financial freedom!

To read more about how to reduce expenses and save, check out our article!

2. Markets Rundown

If you want to find out what discounted rates are based on your personal profile, please fill out this form .

Rates are up from May according to Freddie Mac. Shop around providers for the most savings.

3. AGAVE MERCH STORE IS LIVE!

Our merch store has officially launched! Represent the Agave Brand by picking up your favorite item by visiting our store today!

Be on the look out as we roll our referral program out, there may be hot items up for grabs! đź‘€

Major shoutout to our very own Adrian Pelayo for putting this together!

4. Realtor of the Month - Alex Lanning

About:

My name is Alex Lanning, I've been selling real estate for close to 5 years now ! I was a telecommunication engineer prior to getting into real estate and I did not enjoy the lifestyle and everything that came along with it and couldn't see myself doing it for the rest of my life. Real estate always piqued my interest due to having an immigrant background, I was born in China and moved to the United States when I was just 8 years old with my mother and no other family. Obtaining and owning real estate has always been one of our biggest goals to achieve but had no idea where to start! After a few short youtube videos and books, the limitless amount of opportunity, creativity, marketing and the responsibility of being self employed, I was hooked immediately. I dived right into the career with no job and no back up plan. Nearly 5 years now, I can proudly say I love what I do! My main focus throughout my career has been assisting first time home buyers in Maricopa county and in all price points to achieve their goals and dream of owning a piece of real estate like myself and my family.

Hobbies: My two favorite hobbies when I am not working are golf and the gym!

Favorite TV Show: My favorite TV show of all time is so hard! I would say " Prison break or Breaking Bad"

Goals: My biggest goal within the next 5 years that I am actively working towards is having my own team, AND billion dollars in volume and sales year after year in Arizona.

Contact Info:

Phone: 602.413.2030

LICENSE #: SA688360000

MLS ID: Al386

Do you know a realtor? Please refer them to us! We’d love to hear and feature them on future editions!

5. Top Mortgage News

  • First time home buyer program offers $25k in grants (HomeBuyer.com)

  • Bank of America fined $250 Million over creating fake accounts (Forbes)

  • NEW Student loan repayments are forgiven for certain borrowers? (YahooNews)

(Articles are not endorsed in any matter by Agave Home Loans)

6. Sticky Media: Flipping Mastery Podcast

Flipping Mastery is the perfect resource to get your feet wet in real estate wholesaling and flipping all things real estate such as houses, land, and new construction. Hosted by Jerry Norton, this podcast presents an inspiring guide for individuals keen on exploring the realm of real estate. With a focus on achieving financial independence, the podcast showcases how anyone can become a skilled house flipper. It caters to a diverse audience, offering a thorough introduction to real estate flipping tailored for beginners. Additionally, the show delves into sophisticated strategies, current market trends, and essential wealth-building principles, providing valuable insights for experienced investors aiming to enhance their expertise. The podcast is a must for anyone looking to expand their knowledge into the real estate market!

You can listen to the episodes on Apple Music, Spotify or Youtube!

8. Check out our YouTube!

Ever wonder how to find the right lender to help save the most amount of money? Not sure if you should shop around or stick with your current provider? If you’re curious what key differences are and want to learn more, check out the video below!

7. Sweet Visuals: New Home Construction

New Residential Construction over time

Source: U.S. Census Bureau

US New Home Construction Costs over time

Source: John Burns Research and Consulting

 Want More Agave?

Subscribe to our Youtube channel!. We are still ramping up but you’ll get access to:

  1. Market deep-dives & discussions

  2. Realtor Interviews: in’s and out’s of the real state market

  3. Deeper understanding of complex mortgage topics

  4. Loan Officer trainings and a backstage look at what it takes to be a Loan Officer

See you on YouTube!

If you have worked with us in the past, please write a review on Yelp! We truly appreciate all clients we have helped in the past and reviews help us in so many ways.

Be sure to follow us on Facebook, Instagram, Twitter, YouTube and LinkedIn for finance tips, positive news stories, giveaways, and so much more!

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AGAVE HOME LOANS

MORTGAGE BROKERAGE

PHONE 888.300.3440
EMAIL [email protected]
WEB www.agavehomeloans.com
AGAVE NMLS #1951574

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