Episode 92
EP #92 Are you ready to buy a house? is it the time?
Welcome back to Dont get this Twisted
The conversation covers the impact of investors on renting prices, encouraging buyers to take the leap, selling a house and moving out of California, considerations for buying a house in another state, and final thoughts and contact information.
Explicit
DGTTwisted@gmail.com
Copyright 2024 Dont get this Twisted
This podcast and website represent the opinions of Robb Courtney and Tina Garcia and their guests to the show and website. The content here should not be interpreted as medical advice or any other type of advice from any other type of licensed professional. The content here is for informational purposes only, and because each person is so unique, please consult your healthcare or other applicable licensed professional with any medical or other related questions. Views and opinions expressed in the podcast and website are our own and do not represent that of our places of work. While we make every effort to ensure that the information, we are sharing is accurate, we welcome any comments, suggestions, or correction of errors. Privacy is of the utmost importance to us. All people, places, and scenarios mentioned in the podcast have been changed to protect confidentiality. This website or podcast should not be used in any legal capacity whatsoever, including but not limited to establishing “standard of care” in a legal sense or as a basis for expert witness testimony related to the medical profession or any other licensed profession. No guarantee is given regarding the accuracy of any statements or opinions made on the podcast or website. In no way does listening, reading, emailing, or interacting on social media with our content establish a doctor-patient relationship or relationship with any other type of licensed professional. Robb Courtney and Tina Garcia do not receive any money from any pharmaceutical industry for topics covered pertaining to medicine or medical in nature. If you find any errors in any of the content of this podcast, website, or blogs, please send a message through the “contact” page or email DGTTwisted@gmail.com. This podcast is owned by "Don’t Get This Twisted,” Robb Courtney.
Transcript
1
::[Robb]: And welcome to another show of Don't
Get This Twisted. I am Rob along with my co-host
2
::[Robb]: as always, Tina. Tina, how you doing?
3
::[Tina m Garcia]: I'm good, Rob, it's been a
crazy day, but I'm here, we're good.
4
::[Robb]: Crazy days are
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::[Tina m Garcia]: Crazy
6
::[Robb]: always good.
7
::[Tina m Garcia]: day. I've
8
::[Robb]: Yeah,
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::[Tina m Garcia]: been busy.
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::[Robb]: mine's not even over yet, so after
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::[Tina m Garcia]: Yeah.
12
::[Robb]: this it's off to other stuff. And if
you're hearing this, it's well, well before
13
::[Robb]: the day it's coming out, because it's
coming out on the 20 something or other. So
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::[Robb]: if you're hearing this, it's Wednesday
the 26th.
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::[Tina m Garcia]: 26th.
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::[Robb]: Wednesday the 26th, you
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::[Tina m Garcia]: Mm-hmm.
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::[Robb]: know, live and in color. As always check
out our social media, Facebook, Instagram,
19
::[Robb]: Twitter, and hopefully by the time you
hear this TikTok with our lovable faces, so
20
::[Robb]: you can see what we look like every
blue moon. And then make sure to go check us
21
::[Robb]: out on the Amazon's and the Spotify,
Apple, Google, iHeartRadio, and anywhere you
22
::[Robb]: can hear the podcast. And beforehand,
I need to throw a little shout out to someone
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::[Robb]: who's been like kind of cool to me and
hooking me up at Fontana Mazda. My buddy Jose,
24
::[Robb]: he's the assistant sales manager there.
If you need a car, go there. And mostly if
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::[Robb]: you want a Mazda, they're really cool.
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::[Tina m Garcia]: Yeah
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::[Robb]: I love this guy to death. He's a really
young dude and he's a manager, but he's kind
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::[Robb]: of like in the scheme of things of like,
he's just hip. Like mostly with me going there,
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::[Robb]: Tina, you can kind of, you know me,
I'm like, I'm always joking and shit and he
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::[Robb]: took my jokes really well. He's a school
guy, so I
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::[Victoria Camacho]: Thank
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::[Robb]: told him I'd
33
::[Victoria Camacho]: you.
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::[Robb]: give him a little shout out, because
he's always
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::[Tina m Garcia]: Nice.
36
::[Robb]: hooking me up. And I'm gonna throw this
over to you, because we're going to talk real
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::[Robb]: estate, and that they're buying a home,
and the ins and outs, goods and bads right
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::[Robb]: now. I'll throw it to you.
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::[Tina m Garcia]: Okay, well, uh, I'd like to
introduce you to my friend Victoria Camacho.
40
::[Tina m Garcia]: She's, uh, been a friend of
mine since junior high and she's a real estate
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::[Tina m Garcia]: agent and one of my partners
in crime. And most of the time when I'm talking
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::[Tina m Garcia]: about something nine times
out of 10, I'm with her. So welcome Vicki.
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::[Victoria Camacho]: Oh, like, you know, applaud,
applaud. How wonderful. Hi,
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::[Tina m Garcia]: Hahahaha
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::[Victoria Camacho]: guys. It's nice to be here.
Thank
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::[Robb]: I know.
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::[Victoria Camacho]: you.
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::[Victoria Camacho]: Hi, there.
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::[Robb]: Not
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::[Tina m Garcia]: Absolutely.
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::[Robb]: a problem.
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::[Victoria Camacho]: So
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::[Robb]: So
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::[Victoria Camacho]: I have to tell
55
::[Robb]: how
56
::[Victoria Camacho]: you,
57
::[Robb]: are
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::[Victoria Camacho]: Rob,
59
::[Robb]: we today?
60
::[Victoria Camacho]: I might, I might be, oh,
we're good. We're good. But what I was going
61
::[Victoria Camacho]: to say, Rob, I was going
to say, I might just go ahead and talk to you
62
::[Victoria Camacho]: about that Mazda guy because
I'm going to be looking for another car.
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::[Robb]: It's good. He's really cool and he's
in Fontana. He's out in the Inland Empire,
64
::[Robb]: but he's well worth traveling for. He's
really cool.
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::[Victoria Camacho]: Yeah. Wonderful. Well,
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::[Robb]: So.
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::[Tina m Garcia]: So
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::[Victoria Camacho]: thank
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::[Tina m Garcia]: yeah,
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::[Victoria Camacho]: you again
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::[Tina m Garcia]: so
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::[Victoria Camacho]: for.
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::[Tina m Garcia]: today we're going to talk about...
You're welcome.
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::[Tina m Garcia]: Vic,
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::[Victoria Camacho]: I'm
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::[Tina m Garcia]: why
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::[Victoria Camacho]: going
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::[Tina m Garcia]: don't
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::[Victoria Camacho]: to go
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::[Tina m Garcia]: you tell
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::[Victoria Camacho]: to bed.
82
::[Tina m Garcia]: us about yourself?
83
::[Victoria Camacho]: Okay, here we go. Ready?
Okay. So again, my name is Victoria Camacho.
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::[Victoria Camacho]: I work with Keller Williams
in Porter Ranch in California. I've been a
85
::[Victoria Camacho]: real estate agent for about
going on 20 years. But I did start it off as
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::[Victoria Camacho]: a front desk, got hired
through a wonderful person who just took me
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::[Victoria Camacho]: into her wing and I went
off. I am experienced in obviously the front
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::[Victoria Camacho]: desk. I've done a lot of
auditing on files, transaction coordinator.
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::[Victoria Camacho]: I'm also had experience
in escrow. But the reason why I'm saying all
90
::[Victoria Camacho]: this is because I believe
I stand out compared to a lot of other of my
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::[Victoria Camacho]: peers because I have quite
a bit of knowledge. And so basically I
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::[Tina m Garcia]: in
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::[Victoria Camacho]: started
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::[Tina m Garcia]: other areas.
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::[Victoria Camacho]: off as yes in other areas
and I don't mind the paperwork. I love working
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::[Victoria Camacho]: with people. I love having
that opportunity especially first-time buyers.
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::[Victoria Camacho]: First-time buyers are amazing
individual people and it's where my personality
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::[Victoria Camacho]: comes out where I'm just
here to help and guide you in a direction for
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::[Victoria Camacho]: your future home experience
if that makes sense. So yeah, I am again, just
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::[Victoria Camacho]: love what I do. And I, you
know, just hoping I can help somebody get into
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::[Victoria Camacho]: their first home.
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::[Tina m Garcia]: Nice.
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::[Robb]: Awesome.
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::[Victoria Camacho]: Yeah, so what I wanted to
talk about, if that was all right with you,
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::[Victoria Camacho]: is for the first-time buyers.
I know it's quite scary for first-time buyers
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::[Victoria Camacho]: to even think if they can
do at this moment in time with the interest
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::[Victoria Camacho]: rates really being high.
There is a lot of options for, especially for
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::[Victoria Camacho]: first-time buyers. There's
Calhaffa. which is a loan out there that you
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::[Victoria Camacho]: can put if you qualify of
course. And all again, all this is qualified
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::[Victoria Camacho]: and I'm not an expert in
the lending, let's make that clear. But there's
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::[Victoria Camacho]: some information that I
do know that could help you guide you to talk
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::[Victoria Camacho]: to the right lender to tell
them, hey, this is an option for you. Never
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::[Victoria Camacho]: ever, ever say that you
can never do this because things are always
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::[Victoria Camacho]: possible. You've got to
be positive, you've got to believe in... something
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::[Victoria Camacho]: and just take the steps
one day at a time. So again,
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::[Tina m Garcia]: Absolutely.
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::[Victoria Camacho]: it's just a challenge for
some people, but again, in this time that we're
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::[Victoria Camacho]: in, it actually makes sense
if you're able to do it. If you have the financial
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::[Victoria Camacho]: means to do it, then do
it. And my opinion, and the reason why I say
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::[Victoria Camacho]: this as of now, is because...
once the interest rates go back down, which
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::[Victoria Camacho]: is a lot of people's concerns,
what's going to happen with when the interest
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::[Victoria Camacho]: rates go down? Does anybody
know?
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::[Tina m Garcia]: The prices go up.
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::[Victoria Camacho]: the prices go up.
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::[Tina m Garcia]: Don't
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::[Victoria Camacho]: So
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::[Tina m Garcia]: the prices
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::[Victoria Camacho]: when you...
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::[Tina m Garcia]: go up?
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::[Victoria Camacho]: the prices do go up, yes,
you are correct. They go up to where at this
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::[Victoria Camacho]: moment when the interest
rates are down, like we saw about eight or
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::[Victoria Camacho]: nine months ago, if the
interest rates are down, what happens to you
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::[Victoria Camacho]: again? It goes up and you
have multiple people coming in and out bidding
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::[Victoria Camacho]: and actually literally you're
in competition with
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::[Robb]: Mm-hmm.
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::[Victoria Camacho]: 15 to... 15 to 20 people,
sometimes even 30 I've heard from a lot of
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::[Victoria Camacho]: my associates. And it's
not fun. And it really, really discourages
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::[Victoria Camacho]: a lot of buyers in that
way, because again, you start thinking, oh
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::[Victoria Camacho]: my God, I can't own a home.
Oh my God, I can't do this. What am I gonna
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::[Victoria Camacho]: do? And then they give up.
But again, at this moment, if you are able
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::[Victoria Camacho]: to do it at this moment,
if you have the financial needs and you have
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::[Victoria Camacho]: it, it's the best time to
do it now because of the options that are out
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::[Victoria Camacho]: there for buyers. and because
you won't be going into that where there it
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::[Victoria Camacho]: could be in the springtime,
later in springtime, summertime where that
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::[Victoria Camacho]: all right there is going
to be in a competition. So yeah, so again,
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::[Victoria Camacho]: I can help guide you to
talk to the right lender unless you have a
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::[Victoria Camacho]: right person who you want
to talk to. I literally hold people's hands.
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::[Victoria Camacho]: I do. And I'll even cry
with you if you want. So, but I do everything
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::[Tina m Garcia]: Hehehehe
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::[Victoria Camacho]: that I can in order to make
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::[Robb]: Mm-hmm.
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::[Victoria Camacho]: things happen for them.
So, yeah. So, my understanding
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::[Tina m Garcia]: What would
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::[Victoria Camacho]: from...
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::[Tina m Garcia]: you say is the first step for
somebody that's trying to buy a home?
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::[Victoria Camacho]: Okay, well first of all
we need to, first of all you want to try to
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::[Victoria Camacho]: Tell me what you want. Tell
me what are your goals for the next, for what
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::[Victoria Camacho]: type of home you want. Do
you want three bedrooms? You want four bedrooms?
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::[Victoria Camacho]: Do you want, I want to get
to know you. That's just my preference, how
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::[Victoria Camacho]: I work with my clients.
I ask them what are their needs. And then the
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::[Victoria Camacho]: second thing is, is that
I ask them, I'll say, okay, do you have anybody
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::[Victoria Camacho]: who you trust? Who do you
trust with your financial situation? Go to
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::[Victoria Camacho]: a lender, talk to the lender.
Talking to a lender that you know. will break
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::[Victoria Camacho]: it down for you what you
can, what you cannot do. If you can't do things
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::[Victoria Camacho]: at this moment, whether
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::[Tina m Garcia]: Okay.
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::[Victoria Camacho]: you have lower credit score
or maybe you don't have enough, you just got
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::[Victoria Camacho]: a new job, what a lender
does is it focus you in the next year or even
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::[Victoria Camacho]: six months, gives you that
guide to what to do in order to get to that
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::[Victoria Camacho]: next step. Once you get
into that, I'm ready to go. You get pre-approved
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::[Victoria Camacho]: by a lender. They look through
all your financial stuff. You get that all
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::[Victoria Camacho]: done. And once I have a
number, we're ready to go. We're ready to look
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::[Victoria Camacho]: at houses and let's enjoy.
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::[Robb]: Hmm
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::[Victoria Camacho]: Okay.
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::[Robb]: So,
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::[Tina m Garcia]: And...
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::[Robb]: oh, I'm sorry, Tina, go.
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::[Tina m Garcia]: No, no, go ahead Rob.
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::[Robb]: I was more asking like right now, do
you see more houses up for sale, mostly in
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::[Robb]: California, or is the market kind of
stagnant where people are staying in their
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::[Robb]: houses now and there's like smaller
amounts of inventory?
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::[Victoria Camacho]: Well, there is definitely
a smaller still inventory. And a lot of reason
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::[Victoria Camacho]: why at this moment, as we
speak now, is that there's a lot of sellers
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::[Victoria Camacho]: out there that wanna hold
onto their home because the interest rates
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::[Victoria Camacho]: that they got when it was
1.5, 2.0, they wanna stay in there. So there's
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::[Victoria Camacho]: not a whole lot of movement
because of that. The second thing though, even
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::[Victoria Camacho]: before all of this, we still
were looking at low homes for sale. And that
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::[Victoria Camacho]: could go for many, many
reasons on that level, but it is still kind
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::[Victoria Camacho]: of a seller's market. The
seller's market is, they do have an advantage
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::[Victoria Camacho]: still. They're just not
high like they were again eight or nine months
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::[Victoria Camacho]: ago. So... And then also
for the buyers, they actually do have an advantage
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::[Victoria Camacho]: of that as well because
we're seeing that buyers are actually asking
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::[Victoria Camacho]: for closing costs. Closing
costs helps you with that on that level. And
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::[Victoria Camacho]: why are you laughing?
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::[Tina m Garcia]: No, we're not laughing at you.
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::[Victoria Camacho]: Okay.
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::[Tina m Garcia]: We're
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::[Robb]: No, I was
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::[Tina m Garcia]: trying
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::[Robb]: saying-
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::[Tina m Garcia]: to work out kinks on the program
here and
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::[Robb]: Yeah,
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::[Tina m Garcia]: he's, he's, uh,
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::[Robb]: I was trying
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::[Tina m Garcia]: I'm
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::[Victoria Camacho]: Oh,
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::[Robb]: to
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::[Tina m Garcia]: sorry
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::[Victoria Camacho]: is
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::[Robb]: send
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::[Victoria Camacho]: that
213
::[Tina m Garcia]: about
214
::[Victoria Camacho]: what
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::[Tina m Garcia]: that,
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::[Victoria Camacho]: he does?
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::[Tina m Garcia]: Vic.
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::[Robb]: her a message to ask you the next question.
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::[Victoria Camacho]: haha
220
::[Tina m Garcia]: And I can't see because I don't
have my glasses on. Sorry. I'm so embarrassed.
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::[Victoria Camacho]: Oh
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::[Tina m Garcia]: Sorry, guys.
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::[Robb]: Keep
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::[Victoria Camacho]: my goodness.
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::[Robb]: going, Vicky.
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::[Victoria Camacho]: Okay, well, all right. Well,
ask
227
::[Robb]: Did you
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::[Victoria Camacho]: me
229
::[Robb]: lose
230
::[Victoria Camacho]: the
231
::[Robb]: your
232
::[Victoria Camacho]: next
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::[Robb]: track?
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::[Victoria Camacho]: question. I did, I did,
I lose my track. But tell me Rob again, what
235
::[Victoria Camacho]: was your other question?
I mean, did I answer it? Did I answer it for
236
::[Victoria Camacho]: you?
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::[Robb]: Yeah, it was more just like what's available
right now, because let's say I was gonna come
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::[Robb]: into some money. My thing is this is
like, I wanna buy property, I'm not sure in
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::[Robb]: California. So let's just say in general,
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::[Victoria Camacho]: Thank
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::[Robb]: and I'm
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::[Victoria Camacho]: you.
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::[Robb]: guessing that the market is probably
different in every state, obviously.
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::[Tina m Garcia]: Mm-hmm.
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::[Victoria Camacho]: Mm-hmm.
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::[Robb]: But
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::[Victoria Camacho]: Mm-hmm.
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::[Robb]: I think right now it's the best time
at at my age that if I come into some money
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::[Robb]: to put it into some land because I make
a decent amount of money, but I have no write-offs.
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::[Victoria Camacho]: Okay, all right. So if you
do wanna do investing,
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::[Robb]: So land would be good.
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::[Victoria Camacho]: land,
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::[Victoria Camacho]: when you say land will be
good. So if you wanted to purchase on land,
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::[Victoria Camacho]: obviously in the San Fernando
Valley, LA area is gonna be pretty pricey.
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::[Victoria Camacho]: And it also depends on how
much you want to put
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::[Robb]: Mm-hmm.
257
::[Victoria Camacho]: down or how much you can
afford. Believe it or not, there was a time
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::[Victoria Camacho]: even in Lancaster
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::[Robb]: Mm-hmm.
260
::[Victoria Camacho]: and Palmdale, that was the
hit area to go out of LA and purchase. But
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::[Victoria Camacho]: it's, it's, it has become
where right now you cannot find, you can barely
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::[Victoria Camacho]: find a home instead of like
a townhome under 500,000. I mean you probably
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::[Victoria Camacho]: can but it's, it's, you
have the good areas and you have your bad areas.
264
::[Victoria Camacho]: It depends on where you
want to go. But obviously people are actually
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::[Victoria Camacho]: going towards Bakersfield
because Bakersfield is the one that is actually
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::[Victoria Camacho]: pretty reasonable. in the
prices that everybody wants to purchase at,
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::[Victoria Camacho]: you know, under 500,000.
Um, there's other areas, of course, say like,
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::[Victoria Camacho]: I have a land that I have
for sale in San Bernardino. Well, San Bernardino
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::[Victoria Camacho]: in that particular area,
um, it's, it could be for a person who wants
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::[Victoria Camacho]: to purchase a home, but
it could be also for developers. But again,
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::[Victoria Camacho]: developers are not looking
to build at this moment. Um, they're looking
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::[Victoria Camacho]: at just grabbing
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::[Robb]: bright.
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::[Victoria Camacho]: a house and flipping it.
because it's just the... what they could get
275
::[Victoria Camacho]: out of it later is just
not there for them at this moment. Um, so if
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::[Victoria Camacho]: you did want to go out of
state, yes, of course, of course you would,
277
::[Victoria Camacho]: you go out of California,
you would be able to find something, um, out
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::[Victoria Camacho]: of state. And just to let
you people know, if you ever have anybody who's
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::[Victoria Camacho]: interested in moving out
of California, I can find you a realtor agent
280
::[Victoria Camacho]: anywhere in the United States.
So, um, uh, I, literally
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::[Robb]: Oh.
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::[Victoria Camacho]: get on the phone with people
and I actually call them up and say, hey, I
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::[Victoria Camacho]: got a client here looking
for this, this, that. And hopefully I choose
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::[Victoria Camacho]: the right one that sounds
a good fit for my clients. My clients talk
285
::[Victoria Camacho]: to them. If it all works
out, boom,
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::[Robb]: Mm-hmm.
287
::[Victoria Camacho]: I have a referral for them.
So yeah, again, you can go out of state and
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::[Robb]: Awesome.
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::[Victoria Camacho]: make some money out of that.
I've actually encouraged some of my clients
290
::[Victoria Camacho]: to actually say, because
they've asked me, where do you think I can
291
::[Victoria Camacho]: go ahead and invest, Victoria?
I don't think we can invest around here anymore.
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::[Victoria Camacho]: I said, well then why don't
you try another state? Another state could
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::[Victoria Camacho]: be, you can do that all
you want. Yeah, so that's very possible. See,
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::[Victoria Camacho]: if you're looking for land,
there's not, again, not that much land around
295
::[Victoria Camacho]: here, but yeah, it is possible.
If you get them up with the money, I'm your
296
::[Victoria Camacho]: girl.
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::[Tina m Garcia]: What would you say is some
of the harder points about buying a home? Like
298
::[Tina m Garcia]: what's the struggle with getting
a place of your own? Like what have
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::[Victoria Camacho]: Well...
300
::[Tina m Garcia]: you seen people having the
most issues with?
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::[Victoria Camacho]: And unfortunately in this
time frame is just not making enough money
302
::[Victoria Camacho]: Just not making enough in
order to purchase the home and it's really
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::[Victoria Camacho]: sad It's really horrible
to even think that way. You have somebody that's
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::[Victoria Camacho]: working really really hard
and Making a good 50 60 70 thousand a year
305
::[Victoria Camacho]: and it's still very much
a challenge at that point and then also it's
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::[Victoria Camacho]: it's a lot of
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::[Robb]: Damn.
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::[Victoria Camacho]: It's also about your credit
score. You know, you gotta keep up with your
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::[Victoria Camacho]: bills, you gotta pay your
payments, you gotta build that credit up. You
310
::[Victoria Camacho]: have to be 690 and up, where
it's pretty good, where at least you can start
311
::[Victoria Camacho]: off with. So again, if anybody
who's challenged in this
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::[Robb]: Mm-hmm.
313
::[Victoria Camacho]: market, as much as you can,
save as much as you can, pick up your credit
314
::[Victoria Camacho]: score, and talk to your
financial individual. How can I get to this
315
::[Victoria Camacho]: next point? What do I need
to do? You know, like I said, Tina, you know
316
::[Victoria Camacho]: me very well. I just try
to be hopeful and keep encouraging my clients
317
::[Victoria Camacho]: that never stop believing.
It may take a while, but just keep that faith
318
::[Victoria Camacho]: that it will happen to you.
319
::[Tina m Garcia]: That's true. I know. I've actually
listened to you work. I'm on I go out with
320
::[Tina m Garcia]: you all the time. We're always
doing something you're working around the clock
321
::[Tina m Garcia]: for people. And I don't think
I would do your job.
322
::[Victoria Camacho]: Hehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehe
323
::[Tina m Garcia]: When I leave my work, everybody's
gone, you know,
324
::[Robb]: Mm-hmm.
325
::[Tina m Garcia]: you're you're getting phone
calls on vacation and you're getting you're
326
::[Tina m Garcia]: having to handle things in
a bathroom at a restaurant and you know, I
327
::[Tina m Garcia]: I think about what you do all
the time going, I'm glad she's so patient.
328
::[Tina m Garcia]: And you are, you're super patient,
or I don't have those. So it's
329
::[Victoria Camacho]: Yeah,
330
::[Tina m Garcia]: kind
331
::[Victoria Camacho]: no
332
::[Tina m Garcia]: of fun
333
::[Victoria Camacho]: it
334
::[Tina m Garcia]: watching
335
::[Victoria Camacho]: is
336
::[Tina m Garcia]: you work, because I see how
much you put into it. But it's also, man, I
337
::[Tina m Garcia]: don't want your job. No. No.
Yeah.
338
::[Victoria Camacho]: Hahaha That's okay. Less
religious for me to compete with. I'm okay
339
::[Victoria Camacho]: with that. That's a good
thing. Like I told you, I love what I do. I'm,
340
::[Victoria Camacho]: you know, there's a lot
of agents out there that are... Sometimes they,
341
::[Victoria Camacho]: you know, they just do it
for money. My apologies to all the associates
342
::[Victoria Camacho]: out there. But for me, I
look at it as... I guess it's a challenge.
343
::[Victoria Camacho]: It's a challenge that I'm
willing to step over. and take your hand and
344
::[Victoria Camacho]: again guide you to wherever
you need to be at. It is stressful, it can
345
::[Victoria Camacho]: be tiresome especially when
you're repeating and repeating and repeating
346
::[Victoria Camacho]: and repeating. A lot of
people just don't think how they want to think
347
::[Victoria Camacho]: because it's the media out
there says that it's a horrible time, it's
348
::[Victoria Camacho]: a horrible time, and a horrible
time but they don't really tell you all the
349
::[Victoria Camacho]: truth in it because again
If you're able to financially do it at this
350
::[Victoria Camacho]: moment, anything's possible.
Because your financial is different than Rob's
351
::[Victoria Camacho]: financial, or whatever situation
you're in, or how much you
352
::[Tina m Garcia]: Right,
353
::[Victoria Camacho]: owe,
354
::[Tina m Garcia]: right.
355
::[Victoria Camacho]: or how much everything.
You got to look at all of that as you individuals.
356
::[Victoria Camacho]: Stop listening to everybody,
and there's nothing wrong with just seeing
357
::[Victoria Camacho]: how it works. Go again,
find and talk to somebody, talk to me. We'll
358
::[Victoria Camacho]: keep going, and we'll keep...
I'll keep answering your questions just to
359
::[Victoria Camacho]: hopefully get to you again
to buy a home. So I actually love what I do.
360
::[Victoria Camacho]: I do. It makes it worth
it in the end when I give them that keys. Oh,
361
::[Victoria Camacho]: I'm so excited. Cocktails.
362
::[Tina m Garcia]: She is actually. We go out
to eat and everything. It's like yay they got
363
::[Tina m Garcia]: there.
364
::[Victoria Camacho]: Uh-huh.
365
::[Robb]: So you sell pretty much all over the
valley?
366
::[Victoria Camacho]: I do and I've actually gone
as far out as Palmdale, Lancaster, Covina and
367
::[Victoria Camacho]: I'm actually working with
a client but right now she's working on her
368
::[Victoria Camacho]: credit score right now but
she wants to do something in Riverside. So
369
::[Victoria Camacho]: Simi Valley, Moora Park,
you know, I go out of my way. I do leases.
370
::[Victoria Camacho]: I do rent, renting. I'll
rent your house or I'll help you find a home
371
::[Victoria Camacho]: with rental. I do a little
bit of commercial and some investing. So I
372
::[Victoria Camacho]: think I'm full of all tricks
when it comes to real estate. I do all of it.
373
::[Tina m Garcia]: Where would you say is the
best bang for your buck in California right
374
::[Tina m Garcia]: now?
375
::[Victoria Camacho]: Ooh, good question. When
you say California, do you mean just in our
376
::[Victoria Camacho]: area or mainly outside of
area,
377
::[Tina m Garcia]: No,
378
::[Victoria Camacho]: outside
379
::[Tina m Garcia]: in California,
380
::[Victoria Camacho]: of California?
381
::[Tina m Garcia]: like where's the, is there
a place, is there a place that's booming in
382
::[Tina m Garcia]: California?
383
::[Victoria Camacho]: Um, when you say booming,
okay, so. Like where is it still growing? Or
384
::[Victoria Camacho]: is
385
::[Tina m Garcia]: Mm-hmm.
386
::[Victoria Camacho]: it a question of you're
asking, is it the best place to purchase a
387
::[Victoria Camacho]: home?
388
::[Tina m Garcia]: Well, I would start with that.
Like where, what's the best up and coming place?
389
::[Tina m Garcia]: Like the more affordable housing.
Is there a place that is starting to build
390
::[Tina m Garcia]: up? You said something about
Bakersfield, but is that California or is that
391
::[Tina m Garcia]: just because of the Valley?
392
::[Victoria Camacho]: I would think the reason
why I say Bakerfield is growing is because
393
::[Victoria Camacho]: again everybody's going
on the outskirt because they can't find anything
394
::[Victoria Camacho]: under 400,000. So if you
stay in LA, San Fernando, you know you're more
395
::[Victoria Camacho]: unlikely if you want to
stay under 500,000 you're gonna be looking
396
::[Victoria Camacho]: at a townhome. There's still
a lot of homes under 500,000, townhomes under
397
::[Victoria Camacho]: 500,000. But a home home,
if you want a home you have to go out a little
398
::[Victoria Camacho]: bit So honestly, again,
California is quite high everywhere. So when
399
::[Victoria Camacho]: you say bank for your money,
even to me, that's a good question. Because
400
::[Victoria Camacho]: again, it goes to what you
qualify, what you have in your pocket.
401
::[Tina m Garcia]: Yeah. I, the reason that I
asked is because where, where we live in the
402
::[Tina m Garcia]: San Fernando Valley, I've never
seen, I've lived here my whole life. I've never
403
::[Tina m Garcia]: seen prices top out as, as
what they did during COVID and even afterwards,
404
::[Tina m Garcia]: like you always send the medium
price of a house in the cities that are around
405
::[Tina m Garcia]: here.
406
::[Victoria Camacho]: Mm-hmm.
407
::[Tina m Garcia]: And it blows my mind because
408
::[Victoria Camacho]: Right? Mm-hmm.
409
::[Tina m Garcia]: they're like record high there.
They're it doesn't even make sense to pay for
410
::[Tina m Garcia]: what you're getting at that
price range. And so, you know, and starting
411
::[Tina m Garcia]: over being that I'm divorced
and starting over, like where would a good
412
::[Tina m Garcia]: place be where the prices are
still low, you're still in California, but
413
::[Tina m Garcia]: maybe they're more like up
and coming like, like the boom that happened
414
::[Tina m Garcia]: in Lancaster and Palmdale,
like is there another place that this is starting
415
::[Tina m Garcia]: to happen?
416
::[Victoria Camacho]: Again, you got me stuck
on that one. As much as I would like to say,
417
::[Victoria Camacho]: I don't want to be negative
about the market, I don't want to be negative
418
::[Victoria Camacho]: about the San Fernando Valley,
but again, it all comes down to you, what you
419
::[Victoria Camacho]: qualify for. Because for
you starting off
420
::[Tina m Garcia]: Mm-hmm.
421
::[Victoria Camacho]: simple and wanting to purchase
something, again, we can still find something
422
::[Victoria Camacho]: for you in a townhome or
a condominium, sometimes under $400,000 in
423
::[Victoria Camacho]: between $350,000 to $500,000.
And that's usually where a lot of people feel
424
::[Victoria Camacho]: more comfortable than the
800, 900,000. Cause if you look in even say
425
::[Victoria Camacho]: like Pacoima, when you said
I give you statistics on every week, what city
426
::[Victoria Camacho]: I pick, you know, it's,
it's kind of, it's kind
427
::[Tina m Garcia]: Mm-hmm.
428
::[Victoria Camacho]: of where Pacoima, where
I used to, my grandmother used to live, 800
429
::[Victoria Camacho]: to 900,000 still. It's quite,
it's quite an awe, you know, if to everyone.
430
::[Victoria Camacho]: It's, it's, it's, it's,
it's, it's, it's, it's,
431
::[Tina m Garcia]: It's
432
::[Victoria Camacho]: it's, it's,
433
::[Tina m Garcia]: insane!
434
::[Victoria Camacho]: it's, it's, it's, it's,
it's, it's, it's, it's, it's, it's, it's, it's,
435
::[Victoria Camacho]: it's, it's, it's, it's,
it's, it's, it's, it's, it's, it's, it's, it's,
436
::[Victoria Camacho]: it's, it's, it's, it's,
It's just different. This is the way I look
437
::[Victoria Camacho]: at it. It's just different.
Okay, we're in a different situation.
438
::[Tina m Garcia]: Yeah.
439
::[Victoria Camacho]: If a lot of people like
to think it's going to crash still. In my opinion,
440
::[Victoria Camacho]: and I say I'm and a lot
of people might disagree with me, but in my
441
::[Victoria Camacho]: opinion and when I look
at the facts of everything that has happened,
442
::[Victoria Camacho]: let's just say even when
coronavirus happened, if it would have crashed,
443
::[Victoria Camacho]: it would have
444
::[Victoria Camacho]: everything up. Okay, in
this time that we're in now,
445
::[Tina m Garcia]: Right?
446
::[Victoria Camacho]: in this time that coronavirus
is pretty much gone, everybody is either went
447
::[Victoria Camacho]: back to work or unemployment
or the fact that they can't find a job or don't
448
::[Victoria Camacho]: wanna go work, things are
still going up. And it's where... It questions
449
::[Victoria Camacho]: people. It questions even
me. And again, you just got to keep going.
450
::[Victoria Camacho]: Take care of yourself. Do
your due diligence by investigating where would
451
::[Victoria Camacho]: you like to go live at?
Where do you think it would be you able to
452
::[Victoria Camacho]: survive? And it's a challenge.
It's a challenge. And again, I just try to
453
::[Victoria Camacho]: keep the hopeful thinking
that it will. it will be good for some people
454
::[Victoria Camacho]: and again it won't be good
for other people. But the market if you look
455
::[Victoria Camacho]: again at statistics from
even when it crashed around:456
::[Victoria Camacho]: really compare it to where
it is now. It's different. So where do we go
457
::[Victoria Camacho]: from here? I don't have
a crystal ball. I don't. But my understanding
458
::[Victoria Camacho]: is that if you do not take
this opportunity, the time that we're in at
459
::[Victoria Camacho]: this moment, because they're
saying the interest rates might go into the
460
::[Victoria Camacho]: fives because they're supposed
to meet, the federal is supposed to meet, I
461
::[Victoria Camacho]: believe either the third
or the fifth of May, and we might go back to
462
::[Victoria Camacho]: five. Yeah, I think we would
go back to five. Once that happens again...
463
::[Victoria Camacho]: Once everybody gets into
the, oh, in the groove again, let's go ahead
464
::[Victoria Camacho]: and get the loan, let's
go search for a property, and then seller's
465
::[Victoria Camacho]: gonna realize, oh, people
are out there buying, prices go up. So, it's
466
::[Robb]: Mm-hmm.
467
::[Victoria Camacho]: really challenging a question
for me because it's just my opinion that...
468
::[Victoria Camacho]: It's it's it's hard for
me to tell you where to go because again you
469
::[Victoria Camacho]: are the individual It's
up to you what you want to pay and what you
470
::[Victoria Camacho]: don't want to pay So hopefully
that answered your question Tina, sorry
471
::[Tina m Garcia]: It's okay. No, that
472
::[Victoria Camacho]: Hehehehe
473
::[Tina m Garcia]: was a good answer. I'm okay
with that.
474
::[Victoria Camacho]: I tend to mumble, so I apologize.
475
::[Robb]: Yeah, I think, um, oop.
476
::[Tina m Garcia]: You did not mumble.
477
::[Robb]: Now you're good.
478
::[Victoria Camacho]: Okay.
479
::[Robb]: You know, I remember the 2009, you know,
the crazy crash. I lived in Vegas at the time,
480
::[Robb]: and a friend of mine lived in a private
community there, and there was a house that
481
::[Robb]: was like 6,000 square feet that sold
for like 400,000 or 480,000, something crazy.
482
::[Robb]: But I have a friend in Rancho, Kukumanga,
who... sold her house, I forgot how many years
483
::[Robb]: ago, like four years ago now, and I
think she sold it in the high threes. The person
484
::[Victoria Camacho]: Thank you.
485
::[Robb]: who bought that house just sold that
house for half a million dollars.
486
::[Tina m Garcia]: Wow.
487
::[Robb]: And so
488
::[Victoria Camacho]: Mm-hmm. Mm-hmm.
489
::[Robb]: the market is obviously still there
for people who wanna buy in California.
490
::[Victoria Camacho]: Mm-hmm. And you know, you...
491
::[Robb]: It's like California is always going
to be California.
492
::[Victoria Camacho]: Mm-hmm. Absolutely. And
as you, when you say that, it's the truth because
493
::[Victoria Camacho]: if you really think about
it, California is, you're always going to have
494
::[Victoria Camacho]: equity. That's what a lot
of buyers are scared of is too, is because
495
::[Victoria Camacho]: what if I purchase this
house at this price and it crashes again or
496
::[Victoria Camacho]: whatever the case may be.
Well, you as a visual owner, all you need to
497
::[Victoria Camacho]: do unless you deciding to
move right away. Just keep up your payments.
498
::[Victoria Camacho]: Just keep it up. Just keep
continuing making your payments. Just keep
499
::[Victoria Camacho]: watching where the market
is You're not gonna lose. You're just gonna
500
::[Victoria Camacho]: you're just paying your
mortgage Now again, if you were to site if
501
::[Victoria Camacho]: you purchase the house you're
like, oh, I'm gonna I'm gonna I'm gonna go
502
::[Victoria Camacho]: ahead purchases and I'm
gonna sell it in two years then okay Maybe
503
::[Victoria Camacho]: that will affect you of
course But if you're there for a long term
504
::[Victoria Camacho]: you won't lose and if you
continue to see that over the years with even
505
::[Victoria Camacho]: even if you buy your home
within one year to two years, you already have
506
::[Victoria Camacho]: some type of equity. This
is California. Excuse me, you have equity,
507
::[Victoria Camacho]: you know? So, sorry, sorry
about that. So, it's a fact of how much you're
508
::[Victoria Camacho]: willing to pay for it again.
If you continue to rent, you're losing out.
509
::[Victoria Camacho]: because you're paying somebody
else's mortgage. All that money that you have
510
::[Tina m Garcia]: Mm-hmm.
511
::[Victoria Camacho]: rented in five years, 10
years, that right there was your down payment.
512
::[Victoria Camacho]: That right there, you could
have already had five years in, or my math
513
::[Victoria Camacho]: is horrible sometimes, but
you have equity. You have equity in your home.
514
::[Victoria Camacho]: So the timing right now,
again, is... Sellers are still have an opportunity
515
::[Victoria Camacho]: and so do buyers. So it's,
I keep saying this at the same time, it's all
516
::[Victoria Camacho]: up to you. And if you're
able to do it, if you have the cash, let's
517
::[Victoria Camacho]: go for it.
518
::[Tina m Garcia]: You know, I remember when we
bought our house when before we got married.
519
::[Tina m Garcia]: And I remember that we paid
two 26, six for it. And we, my
520
::[Victoria Camacho]: Mm-hmm.
521
::[Tina m Garcia]: dad
522
::[Victoria Camacho]: Hehehe.
523
::[Tina m Garcia]: said, so what'd you, what'd
you buy the house for? And we told him, he
524
::[Tina m Garcia]: goes, holy shit. He goes, when
I bought the house, it was like 52,000. And
525
::[Victoria Camacho]: Right?
526
::[Tina m Garcia]: that was, uh, that was probably
25 years before we bought ours. But then now
527
::[Tina m Garcia]: I'm looking at, um, people
that are buying the same type of houses that
528
::[Tina m Garcia]: we bought and they're going
first and they're in the sevenths and it's
529
::[Tina m Garcia]: in the same area it's the same
type of house may have a few more upgrades
530
::[Tina m Garcia]: but because of the price of
everything going up and just inflation and
531
::[Tina m Garcia]: everything that it seems like
every generation has to go through the price
532
::[Tina m Garcia]: increases and blows my mind
at what houses
533
::[Victoria Camacho]: It does.
534
::[Tina m Garcia]: are at
535
::[Victoria Camacho]: Yeah.
536
::[Tina m Garcia]: now. You know, it's, it's,
537
::[Victoria Camacho]: Well, think of it
538
::[Tina m Garcia]: so
539
::[Victoria Camacho]: this way.
540
::[Tina m Garcia]: I now understand my father
who was.
541
::[Victoria Camacho]: Right? Right? And that goes
for my father too. I, you know, his house has
542
::[Victoria Camacho]: paid off and at, and think
of it this way though too. For them, the interest
543
::[Victoria Camacho]: rates were higher back then.
They were as high as 15,
544
::[Tina m Garcia]: Yeah.
545
::[Victoria Camacho]: but the difference was in
that, was that because the prices were lower.
546
::[Victoria Camacho]: So, but even if you think
about it that way, they were still struggling
547
::[Victoria Camacho]: just as much, because again,
you're paying a high interest rate, but a lower
548
::[Victoria Camacho]: home. We're in the opposite
way where we have higher homes. Well, wait,
549
::[Victoria Camacho]: right now we're not in higher
homes. We're kind of like at, we're a normal
550
::[Victoria Camacho]: market if the way I can
describe it. We are in a definitely home normal
551
::[Victoria Camacho]: market. But again, what
makes the difference out of it is that why
552
::[Victoria Camacho]: sellers are able to get
more for their homes because there's no inventory.
553
::[Victoria Camacho]: When you have no inventory,
you have people and people who want to buy.
554
::[Victoria Camacho]: So that's how it comes into
a multiple bid. where they're paying a little
555
::[Victoria Camacho]: bit more at times. The other
thing you gotta remember though too,
556
::[Tina m Garcia]: Right.
557
::[Victoria Camacho]: and I just lost my train
of thought. I was just saying about how it
558
::[Victoria Camacho]: used to be. So, okay, so
I have a buyer or I have a client, they want
559
::[Victoria Camacho]: to purchase but they just
haven't moved or opened the door yet. According
560
::[Victoria Camacho]: to them, they keep thinking,
well, if I purchase a house, I'm worried that
561
::[Victoria Camacho]: I will lose. And again,
it goes into my, it goes into saying that if
562
::[Victoria Camacho]: you purchase a home, you're
not going to lose if the economy crashes, as
563
::[Victoria Camacho]: long as you're able to pay
for it, right? So he's afraid to move forward.
564
::[Victoria Camacho]: And it's a hard... hard
decision at this moment for a client who wants
565
::[Victoria Camacho]: to buy. Do I do it now and
take this high interest rate and pay some PMIs
566
::[Victoria Camacho]: or pay some extra money
off of that, right? Or do I wait? But if you
567
::[Victoria Camacho]: wait, you're going to be
paying higher for a house. So which one do
568
::[Victoria Camacho]: you do? How do I convince
somebody? this is the time to do it, but I
569
::[Victoria Camacho]: understand
570
::[Tina m Garcia]: You gotta just
571
::[Victoria Camacho]: how
572
::[Tina m Garcia]: tell them to do
573
::[Victoria Camacho]: strong.
574
::[Tina m Garcia]: it when they can.
575
::[Victoria Camacho]: And exactly that, but you
know,
576
::[Tina m Garcia]: Yeah,
577
::[Victoria Camacho]: that,
578
::[Tina m Garcia]: with
579
::[Victoria Camacho]: but see, that's
580
::[Tina m Garcia]: with
581
::[Victoria Camacho]: the thinking.
582
::[Tina m Garcia]: house.
583
::[Tina m Garcia]: with with house buying, it's
never for for being like the buyer we had it
584
::[Tina m Garcia]: when we did it. It was not
a good time. It was never a good time. It's
585
::[Tina m Garcia]: like how do you come up with
that much money for down? How do you come up
586
::[Tina m Garcia]: with everything? But if you
want it bad enough, you find a way to make
587
::[Tina m Garcia]: it all work. And real estate
always goes up. It's like the probably one
588
::[Tina m Garcia]: of the best ways if you're
going to invest to invest in something because
589
::[Tina m Garcia]: you don't have
590
::[Victoria Camacho]: Exactly.
591
::[Tina m Garcia]: the same issues like you would
with stocks and other things. Like, you know,
592
::[Victoria Camacho]: Exactly.
593
::[Tina m Garcia]: if you stay in the house or
if you rent it out long enough, the prices
594
::[Tina m Garcia]: are going to go, you're going
to get what you, what you want out of it
595
::[Victoria Camacho]: Right.
596
::[Tina m Garcia]: and you could go and do whatever
you got to do when it's time to retire. Like
597
::[Tina m Garcia]: you do what you invest in order
to take care of yourself when you're
598
::[Victoria Camacho]: Exactly,
599
::[Tina m Garcia]: old.
600
::[Victoria Camacho]: exactly,
601
::[Tina m Garcia]: So
602
::[Victoria Camacho]: exactly.
603
::[Tina m Garcia]: make sense to me, you do it
when you can.
604
::[Victoria Camacho]: Right, right, exactly. And
what I was going to say to you is like, you
605
::[Victoria Camacho]: can never say it's a bad
time to buy, because it's not. It is up to
606
::[Victoria Camacho]: you, the individual. Again,
are you able to do it? Do you have the means
607
::[Victoria Camacho]: to have the cash and the
down payment to do it? You can't just look
608
::[Victoria Camacho]: at it as a down, as again,
what I was saying about how the news likes
609
::[Victoria Camacho]: to put out, oh, it's bad
timing, bad timing. No, it's not. you as the
610
::[Victoria Camacho]: individual is the one who
has to, might be in a different position than
611
::[Victoria Camacho]: somebody else who's struggling.
So, and then also everything you just said
612
::[Victoria Camacho]: right now, it's an investment.
If you're gonna invest into a home, that's
613
::[Victoria Camacho]: the best thing to do instead
of stocks. Because in reality, if you have
614
::[Victoria Camacho]: stocks, what happens when
it crashes? You lose a lot more. With your
615
::[Victoria Camacho]: house, you don't because
it's there. It's
616
::[Tina m Garcia]: Mm.
617
::[Victoria Camacho]: yours. And if you really
think about it, everybody that owns a house
618
::[Victoria Camacho]: right now in California,
you are a millionaire. You are actually a millionaire
619
::[Victoria Camacho]: because the house is your
property. It may not, you may not see it in
620
::[Victoria Camacho]: your bank account, you may
not see it in your hands when you're counting
621
::[Victoria Camacho]: dollar bills, but it's there.
And it's,
622
::[Tina m Garcia]: Mm-hmm.
623
::[Victoria Camacho]: I can't, again, it's up
to you on what you are able to do.
624
::[Tina m Garcia]: I getcha.
625
::[Victoria Camacho]: I had a buyer who I ended
up helping out too, and they waited like three
626
::[Victoria Camacho]: to four years to do it because
they couldn't really push to go do it. That
627
::[Victoria Camacho]: three or four years, they
probably would have been in a house, 2,000
628
::[Victoria Camacho]: to 3,000 less than when
they purchased it two years ago. So the more
629
::[Victoria Camacho]: you wait,
630
::[Tina m Garcia]: 200,000 or 2,000.
631
::[Victoria Camacho]: 200,000. Three years. That's
what I said. I
632
::[Tina m Garcia]: It's
633
::[Victoria Camacho]: meant,
634
::[Tina m Garcia]: crazy.
635
::[Victoria Camacho]: it's crazy because again,
that just shows you how quickly the prices
636
::[Victoria Camacho]: have gone up. Right?
637
::[Tina m Garcia]: Mm-hmm.
638
::[Victoria Camacho]: So yeah, it's, and again,
some buyers that I have, if you're gonna wait,
639
::[Victoria Camacho]: you're paying more. And
we, as realtors, we have like a realtor report
640
::[Victoria Camacho]: that comes out, every other.
every other month for us and it gives us statistics
641
::[Victoria Camacho]: on how much this time from
last year, how much has gone up. Quite high.
642
::[Victoria Camacho]: It's quite amazing on how
much when you could about even six months ago,
643
::[Victoria Camacho]: how much you have could
be in your home and already earning equity
644
::[Victoria Camacho]: in there. So.
645
::[Victoria Camacho]: It's something.
646
::[Tina m Garcia]: Yes, the things have really
ballooned.
647
::[Victoria Camacho]: Yeah, yeah, they have, yeah.
They
648
::[Tina m Garcia]: What
649
::[Victoria Camacho]: have been.
650
::[Tina m Garcia]: what made the prices balloon
like that?
651
::[Victoria Camacho]: Well you know what, somebody
told me this once and this is when was it in
652
::[Victoria Camacho]: 2008, I'm gonna go back
to:653
::[Victoria Camacho]: oh my god that makes so
much sense. In:654
::[Victoria Camacho]: was losing their house,
they were giving
655
::[Tina m Garcia]: Mm-hmm.
656
::[Victoria Camacho]: them up back to the banks.
Well what is the banks gonna do with all this
657
::[Victoria Camacho]: time? What is the banks
doing with them? They're just sitting on them.
658
::[Victoria Camacho]: But who's the ones who are
actually purchasing the ones houses that are
659
::[Victoria Camacho]: sitting, investors. If you're
an investor, you're gonna purchase that house
660
::[Victoria Camacho]: at a lower price because
banks are gonna wanna get all those ones out
661
::[Victoria Camacho]: of there and just get them
sold, right? The investors are actually holding
662
::[Victoria Camacho]: on to these properties,
which has made the renting price go up. And
663
::[Victoria Camacho]: in this time that we're
in still, even though the prices have slightly
664
::[Victoria Camacho]: gone down, in the last eight
months, or six months, sorry, six months, you've
665
::[Victoria Camacho]: noticed that the renting
has not gone down. It is still steadily going
666
::[Victoria Camacho]: up, going up. Because again,
everybody's holding on
667
::[Tina m Garcia]: Mm-hmm.
668
::[Victoria Camacho]: to what they have. And once
you have everybody that has a need, especially
669
::[Victoria Camacho]: when we had a fight, you
have to have a roof over your head. The need
670
::[Victoria Camacho]: is there. Which gives the
investors. the opportunity to keep continuing
671
::[Victoria Camacho]: to make the prices go up.
Quite challenging again, very hard. Yeah,
672
::[Tina m Garcia]: I getcha.
673
::[Victoria Camacho]: so I thought that was very
interesting and I truly believe that for sure,
674
::[Victoria Camacho]: because if you really look
at the history, that's what happened. That's
675
::[Victoria Camacho]: what happened. So that's
why again, encourage people who are renting.
676
::[Victoria Camacho]: If you're already paying
4,000, 4,500 a month, why not look into it?
677
::[Victoria Camacho]: Why not go ahead and see
if you can qualify in it? Or again, if you
678
::[Victoria Camacho]: can't do it now, make the
steps happen.
679
::[Tina m Garcia]: That's true. I totally agree
with that. Like renting for me just doesn't
680
::[Tina m Garcia]: seem like a smart idea. You
don't get the tax write-offs, you don't own
681
::[Tina m Garcia]: anything. You're just paying
somebody else's bills.
682
::[Victoria Camacho]: That's right.
683
::[Tina m Garcia]: So
684
::[Victoria Camacho]: I
685
::[Tina m Garcia]: I'm with
686
::[Victoria Camacho]: love
687
::[Tina m Garcia]: you
688
::[Victoria Camacho]: you
689
::[Tina m Garcia]: on
690
::[Victoria Camacho]: for
691
::[Tina m Garcia]: that.
692
::[Victoria Camacho]: saying that. That is so
true.
693
::[Tina m Garcia]: Hehehehe
694
::[Victoria Camacho]: We can just convince the
other
695
::[Robb]: Yeah,
696
::[Victoria Camacho]: people
697
::[Robb]: yeah,
698
::[Victoria Camacho]: to just
699
::[Robb]: it
700
::[Victoria Camacho]: not.
701
::[Robb]: is it sucks
702
::[Victoria Camacho]: It sucks. It sucks. It definitely
does. It does. But when, you know, people are
703
::[Victoria Camacho]: just scared to go into a
home because they don't, they, they don't want
704
::[Victoria Camacho]: to do the maintenance. They
don't want to do the, oh my God, I got to pay
705
::[Victoria Camacho]: the roof. Oh my God, I got
to pay a new water heater. Oh my God, I have
706
::[Victoria Camacho]: to pay, you know, leaking
faucet. They, some renters are just very nervous
707
::[Victoria Camacho]: to do that because it is
a big responsibility. It is a huge step
708
::[Tina m Garcia]: Mm-hmm.
709
::[Victoria Camacho]: because the fear is that
okay I buy this house, what happens when I
710
::[Victoria Camacho]: lose my job? Well that's
an understandable thinking but at the same
711
::[Victoria Camacho]: time what if you don't?
you haven't so far if
712
::[Robb]: For
713
::[Victoria Camacho]: you're
714
::[Robb]: sure.
715
::[Victoria Camacho]: still paying rent. So it's
just a mindset and it's just me trying to educate
716
::[Victoria Camacho]: the buyer, educate and give
them all that I'm aware of, my knowledge, my
717
::[Victoria Camacho]: experience, the facts that
are in on purchasing a home. And again, that
718
::[Victoria Camacho]: is my job to help you. Learn
that. So stop renting.
719
::[Tina m Garcia]: I'm totally with you on that.
720
::[Robb]: Yeah,
721
::[Victoria Camacho]: Yeah
722
::[Robb]: because
723
::[Tina m Garcia]: Don't do it. Quit
724
::[Robb]: what
725
::[Tina m Garcia]: doing
726
::[Robb]: I pay
727
::[Tina m Garcia]: it.
728
::[Robb]: a month in rent is out of control and
I'm paying
729
::[Victoria Camacho]: Let's get
730
::[Robb]: less
731
::[Victoria Camacho]: you, let's
732
::[Robb]: than
733
::[Victoria Camacho]: get
734
::[Robb]: what
735
::[Victoria Camacho]: you
736
::[Robb]: they're
737
::[Victoria Camacho]: Rob. Ha
738
::[Robb]: renting.
739
::[Victoria Camacho]: ha ha.
740
::[Robb]: Yeah, well, I mean, I rent an apartment,
so, but even right now it's incredible what
741
::[Robb]: they're asking for an apartment. A two-bedroom
apartment
742
::[Tina m Garcia]: Mm-hmm
743
::[Robb]: is in some places
744
::[Victoria Camacho]: Mm-hmm.
745
::[Robb]: 23, 2400 bucks.
746
::[Victoria Camacho]: Yeah, that's an apartment
747
::[Tina m Garcia]: And in
748
::[Victoria Camacho]: and
749
::[Tina m Garcia]: the
750
::[Victoria Camacho]: it's
751
::[Tina m Garcia]: valley
752
::[Victoria Camacho]: on one
753
::[Tina m Garcia]: it's
754
::[Victoria Camacho]: bedroom,
755
::[Tina m Garcia]: over
756
::[Victoria Camacho]: right?
757
::[Tina m Garcia]: 3000.
758
::[Robb]: No, for a two-bedroom.
759
::[Victoria Camacho]: Sorry, too bad, okay. Well,
760
::[Robb]: Yeah.
761
::[Victoria Camacho]: my poor, my poor, my poor
sweet nephew, they lost their, him and his
762
::[Victoria Camacho]: girlfriend lost their job
in December. And it's like, we all had to pitch
763
::[Victoria Camacho]: in, try to give them the
money so they could pay rent. But they find
764
::[Victoria Camacho]: their jobs, but still, that's
scary. So again, it's, but they're starting
765
::[Victoria Camacho]: to think, okay, we're not
gonna rent no more. So hopefully in the next
766
::[Victoria Camacho]: year, they're gonna go ahead
and do it because, you know, just paying what
767
::[Victoria Camacho]: you pay in the new place
that they're going to go into right now. Because
768
::[Victoria Camacho]: they're moving from Palmdale
back over here because it's just too hard for
769
::[Victoria Camacho]: the new jobs that they had.
Just for a two-bedroom. 35? I think they said
770
::[Victoria Camacho]: 35. Crazy.
771
::[Robb]: Holy shit.
772
::[Tina m Garcia]: In Palmdale?
773
::[Victoria Camacho]: And Palmdale, no, no, no,
Palmdale
774
::[Robb]: No, in the valley.
775
::[Victoria Camacho]: they were paying, Palmdale
they were paying 28 a month. They're moving
776
::[Victoria Camacho]: over here
777
::[Tina m Garcia]: Here it's
778
::[Victoria Camacho]: 35,
779
::[Tina m Garcia]: going to be 35.
780
::[Victoria Camacho]: 35, yep.
781
::[Tina m Garcia]: Yeah, when
782
::[Victoria Camacho]: So
783
::[Tina m Garcia]: I was
784
::[Victoria Camacho]: again.
785
::[Tina m Garcia]: looking for an apartment, because
I thought about doing that, it was over $3,000.
786
::[Victoria Camacho]: Yep, yep, yep. A house across
the street that I wanted to get you and Tina
787
::[Victoria Camacho]: remember, remember I said,
oh, the house across the street, get a roommate,
788
::[Victoria Camacho]: get a roommate. Ooh, I knew
your budget.
789
::[Tina m Garcia]: 5,000,
790
::[Victoria Camacho]: Nope.
791
::[Tina m Garcia]: wasn't
792
::[Victoria Camacho]: No,
793
::[Tina m Garcia]: it?
794
::[Victoria Camacho]: no, that one was going for
46, 46. It's
795
::[Tina m Garcia]: almost
796
::[Victoria Camacho]: a nice
797
::[Tina m Garcia]: $5,000
798
::[Victoria Camacho]: house, a
799
::[Tina m Garcia]: a
800
::[Victoria Camacho]: nice,
801
::[Tina m Garcia]: month. I was like,
802
::[Victoria Camacho]: a nice house,
803
::[Tina m Garcia]: oh, with that.
804
::[Victoria Camacho]: beautiful. Yeah, yeah, it
was a nice house and you would have been across
805
::[Victoria Camacho]: the street from me. Oh!
806
::[Tina m Garcia]: Mm-hmm. Next time, we'll work
on that
807
::[Victoria Camacho]: Next
808
::[Tina m Garcia]: one.
809
::[Victoria Camacho]: time, well next time, next
time. I don't know what my husband will say
810
::[Victoria Camacho]: though.
811
::[Tina m Garcia]: He'll love it.
812
::[Robb]: So
813
::[Tina m Garcia]: That's fun.
814
::[Robb]: if you had one thing to say to buyers,
both young and old, like what's the close on
815
::[Robb]: getting them to take the leap? With
the exception of like, obviously rent's really
816
::[Robb]: shitty and horrible. Let's say they
have the money. Is it jump in feet first and
817
::[Robb]: say fuck it and just go buy a house?
Or do you still try to position them in the
818
::[Robb]: best place to, you know, get the right
price, get the right everything, but still,
819
::[Robb]: you know, because look, it's like buying
a car. You always have to give and take on
820
::[Robb]: features.
821
::[Victoria Camacho]: Mm-hmm, that is correct.
I would say all of it Rob because you know
822
::[Victoria Camacho]: You have a relay you I try
to build this relationship with each individual
823
::[Victoria Camacho]: Person I meet and one of
my first questions. I asked them. What do you
824
::[Victoria Camacho]: what is your goals? Well,
how do you see yourself? When how do you see
825
::[Victoria Camacho]: yourself in the future in
purchasing a home? What do you see? What do
826
::[Victoria Camacho]: you want? And Once they
start telling me Oh, my dream house would be
827
::[Victoria Camacho]: a pool and three bedrooms.
Okay. So I always have that in the back of
828
::[Victoria Camacho]: my mind. And once they start
getting like, oh, I don't know what to do,
829
::[Victoria Camacho]: or I can't do this, Victoria,
there's no way. You go back to asking them
830
::[Victoria Camacho]: that question. Tell me again,
what is your goal? What is your dream? What
831
::[Victoria Camacho]: did you tell me that you
wanted? And once they think that like in that
832
::[Victoria Camacho]: frame of mind, then just
let's just jump into it. Let's go. Let's get
833
::[Victoria Camacho]: you, let's get you going.
Because
834
::[Tina m Garcia]: I kinda
835
::[Victoria Camacho]: I bit...
836
::[Tina m Garcia]: agree with that. I think
837
::[Victoria Camacho]: Yeah.
838
::[Tina m Garcia]: in life in general you should
always just jump in. Do it! Just do it. I don't
839
::[Victoria Camacho]: Yeah.
840
::[Tina m Garcia]: know. That's
841
::[Victoria Camacho]: I tried,
842
::[Tina m Garcia]: just my opinion
843
::[Victoria Camacho]: like
844
::[Tina m Garcia]: on life.
845
::[Victoria Camacho]: I said,
846
::[Tina m Garcia]: Ha
847
::[Victoria Camacho]: I'm
848
::[Tina m Garcia]: ha!
849
::[Victoria Camacho]: a person who's, well, I
know you, but, and me, I can sometimes jump
850
::[Victoria Camacho]: into things, not always,
but you know, I tend to overthink at certain
851
::[Victoria Camacho]: times too, but I try to
put my, I try to put my shoes, how do they,
852
::[Victoria Camacho]: how do they say it? I try
to see what they're going through. I try to
853
::[Victoria Camacho]: see what
854
::[Tina m Garcia]: You try to
855
::[Victoria Camacho]: they're.
856
::[Tina m Garcia]: walk in their shoes?
857
::[Victoria Camacho]: I try to see what would
be the challenge or what wouldn't be the challenge
858
::[Victoria Camacho]: for them not to move forward.
And again, it comes back to, again, we all
859
::[Victoria Camacho]: need to have something to
look forward to, something to enjoy, because
860
::[Victoria Camacho]: everybody works hard. We
work so hard for things. And if you have that
861
::[Victoria Camacho]: goal, if you have that situation,
if you have it, You have the money in your
862
::[Victoria Camacho]: hands. You can, your wife,
your significant others, your mother, whatever,
863
::[Victoria Camacho]: to make this happen, go
for it, just go for it. And I'll be there to
864
::[Victoria Camacho]: help you every step of the
way.
865
::[Tina m Garcia]: That's right.
866
::[Robb]: Now what, let's say I'm the seller and
I'm ready to get out of Dodge. I'm
867
::[Victoria Camacho]: Uh oh.
868
::[Robb]: done with California.
869
::[Victoria Camacho]: Hehe.
870
::[Robb]: What's what, what do you do there? What's
your first step? If I come to you and say,
871
::[Robb]: I'm ready, I got this house. I know
it's worth, you know, 800,000
872
::[Victoria Camacho]: Mm-hmm.
873
::[Robb]: in the market right now. And I want
874
::[Victoria Camacho]: Mm-hmm.
875
::[Robb]: to get out of Dodge. What, what's the
first step? Do I tell you like, I want to sell.
876
::[Victoria Camacho]: Well, I would first give
you an idea of how much your house is worth.
877
::[Victoria Camacho]: I would do a reevaluations
of it. I would give you again a CRM. Again,
878
::[Victoria Camacho]: it just gives you what has
been happening in your neighborhood. And then
879
::[Victoria Camacho]: we go through the process
of what's your goals, what you wanna do. We
880
::[Victoria Camacho]: also go through...
881
::[Victoria Camacho]: Where would you like to
go live at and why again? It's me getting to
882
::[Victoria Camacho]: know you So then I know
my direction on how to move forward I get to
883
::[Victoria Camacho]: know you and what your wants
and what you're willing to do and what you're
884
::[Victoria Camacho]: not willing to do And sometimes
there is some compromise what to do in that
885
::[Victoria Camacho]: but again, it's just at
this time It is it's still a seller's market
886
::[Victoria Camacho]: put it on the market. Let's
go And then of course, I would help you find
887
::[Victoria Camacho]: a realtor in your next
888
::[Robb]: And what
889
::[Victoria Camacho]: destination
890
::[Robb]: do you?
891
::[Robb]: And what are you seeing now with houses
selling? Because I'll give you an example.
892
::[Robb]: My mom passed away in January and my
brother put her house on the market in Idaho,
893
::[Robb]: in a very small town, and I mean super
small. Someone came in with about $24,000 above
894
::[Robb]: asking in cash and took it
895
::[Tina m Garcia]: Wow.
896
::[Robb]: in one day.
897
::[Victoria Camacho]: Nice.
898
::[Tina m Garcia]: Wow.
899
::[Robb]: Yeah,
900
::[Victoria Camacho]: We all wish
901
::[Robb]: so
902
::[Victoria Camacho]: that.
903
::[Robb]: I mean, and this was a tiny town. No,
I'm sure, but what I'm saying is like here,
904
::[Robb]: where, look, it's California, and people
still want to move here. As much as
905
::[Victoria Camacho]: Oh
906
::[Robb]: people
907
::[Victoria Camacho]: yes.
908
::[Robb]: are leaving, they're still
909
::[Victoria Camacho]: Mm-hmm.
910
::[Robb]: filling the spots.
911
::[Victoria Camacho]: Yes. Yes.
912
::[Robb]: So are you seeing quick sales still?
Because I mean, I know for a good time, people
913
::[Robb]: were just hopping into these houses
super quick.
914
::[Victoria Camacho]: Yes, yes. It has slowed
down because again, we're not at since the
915
::[Victoria Camacho]: interest rates went up,
it did slow down where houses were selling
916
::[Victoria Camacho]: fast. We're still going
into right now we're about 35 maybe 40 days
917
::[Victoria Camacho]: depending on the situation
you were in.
918
::[Victoria Camacho]: But again, actually what
we're also seeing is a lot of some homes that
919
::[Victoria Camacho]: are falling out of escrow
a little bit more as well. least for me from
920
::[Victoria Camacho]: what I've experienced in
California. So it again it's still a good time
921
::[Victoria Camacho]: for sellers because there's
no inventory and let's just say you want to
922
::[Victoria Camacho]: move out of California move
over to another state. I truly believe that
923
::[Victoria Camacho]: when you retire it makes
sense for you to move in another state and
924
::[Victoria Camacho]: purchase a home because
you you're going to have some retirement coming
925
::[Victoria Camacho]: over. You got to be careful
as a buyer. If you're just starting off and
926
::[Victoria Camacho]: you still got 20 years,
30 years of working hard, make sure when you
927
::[Victoria Camacho]: go out of state that your
pay or your income is going to be able to afford
928
::[Victoria Camacho]: it. And the only reason
why I say that is because here in California,
929
::[Victoria Camacho]: we get paid more. In other
states, we do not. So it matches up the economy.
930
::[Victoria Camacho]: So that's why even though
a lot of people are moving out of California,
931
::[Victoria Camacho]: they're actually coming
back to California because there's no jobs
932
::[Victoria Camacho]: or they just don't like
the weather. They like our weather better than
933
::[Victoria Camacho]: wherever they go to. So
just be careful. Just make sure you have enough
934
::[Victoria Camacho]: means if you're younger
to move out of state. When you retire, it makes
935
::[Victoria Camacho]: sense for them to go over
there because again, they're having income
936
::[Victoria Camacho]: coming in. So that was what
I would suggest for buyers to make sure you're
937
::[Victoria Camacho]: gonna be able to pay for
a house out there.
938
::[Robb]: Perfect.
939
::[Tina m Garcia]: That's true.
940
::[Robb]: Are you ready to get a house?
941
::[Tina m Garcia]: No. No. No.
942
::[Victoria Camacho]: Rob, are you ready to get
a house?
943
::[Robb]: No. No. Not quite yet, but
944
::[Victoria Camacho]: Okay, talk to
945
::[Robb]: maybe
946
::[Victoria Camacho]: me afterwards.
947
::[Robb]: in the next, maybe in the next year,
I think.
948
::[Victoria Camacho]: Mmm!
949
::[Tina m Garcia]: So here's the, for me, Rob,
it goes like this. We're gonna talk about flipping
950
::[Tina m Garcia]: houses and I'm gonna use Vicki
every chance I get and then, you know, start
951
::[Tina m Garcia]: building the final part of
my life. That's what I wanna do. So buying
952
::[Tina m Garcia]: houses, I'd like to buy multiple.
Are they gonna be in California? I don't know,
953
::[Tina m Garcia]: we'll see how it goes.
954
::[Robb]: We
955
::[Victoria Camacho]: Yeah.
956
::[Robb]: will see.
957
::[Tina m Garcia]: Yes,
958
::[Victoria Camacho]: Yeah.
959
::[Tina m Garcia]: we will.
960
::[Victoria Camacho]: We will
961
::[Tina m Garcia]: You're
962
::[Victoria Camacho]: see.
963
::[Tina m Garcia]: out your mind, kid.
964
::[Victoria Camacho]: Hello.
965
::[Tina m Garcia]: Yeah.
966
::[Robb]: All right, any last words for us, Vicki?
Going into the exit of our show, what do you
967
::[Robb]: wanna tell the people out there to do?
Give your information, all that fun stuff.
968
::[Victoria Camacho]: Well, again, just keep dreaming.
Just keep working on your numbers, you know,
969
::[Victoria Camacho]: improve your job. If you
can, if you're able to grow, and don't think
970
::[Victoria Camacho]: that you can't, that it
won't happen. Don't think that way. Work out,
971
::[Victoria Camacho]: work it out and it will
happen. I am a... would be happy to help you
972
::[Victoria Camacho]: guys out and help you guide
you in any way that I can. So if you want to
973
::[Victoria Camacho]: get a hold of me, my phone
number, can I give out my phone number? I can
974
::[Victoria Camacho]: give out my phone number?
975
::[Robb]: You can, if you want to give your business
phone number out so they can get ahold of you,
976
::[Robb]: you know, not on your personal phone,
because who
977
::[Victoria Camacho]: Okay.
978
::[Robb]: knows who's going to listen to this.
979
::[Victoria Camacho]: Oh well, you can always
-:980
::[Victoria Camacho]: or you can reach me at my
email which is my first and last name, victoriacomacho
981
::[Victoria Camacho]: at kw.com. So it was a pleasure
speaking with you and again, just keep your
982
::[Victoria Camacho]: dreams alive. Just keep
it, keep it real.
983
::[Tina m Garcia]: And on a side note, if you
do want to buy a home and you are in our area,
984
::[Tina m Garcia]: uh, I've known Vicki a long
time. You won't be sorry. So she's kind of
985
::[Tina m Garcia]: cool. That's why I keep her
around.
986
::[Robb]: Excellent!
987
::[Victoria Camacho]: I'm sorry.
988
::[Robb]: Alrighty.
989
::[Victoria Camacho]: No ready.
990
::[Tina m Garcia]: Thanks for watching!
991
::[Robb]: And my last words are this, look, I
kind of agree with you. I think you have to
992
::[Robb]: follow a dream, whatever that dream
is. So if it's here in Southern California
993
::[Robb]: or outside and you're looking to buy
a home, because I think, you know, like having
994
::[Robb]: a home is important. I understand, you
know, now that I rent and I'm giving someone
995
::[Robb]: $2,000 a month, it would be better to
give it to the, you know, my house.
996
::[Victoria Camacho]: Mm-hmm.
997
::[Robb]: And on that,
998
::[Tina m Garcia]: I getcha.
999
::[Robb]: hey, this is an opinion show, so don't
get it twisted. Keep coming back every Wednesday.
1000
::[Robb]: Check us out on socials, Facebook, Instagram,
Twitter, hopefully TikTok before this comes
1001
::[Robb]: out. And you can check us out on Apple,
Spotify, Google, Amazon, iHeartRadio, anywhere
1002
::[Robb]: you can hear podcasts. Until next week,
I'm Rob, and for my co-host Tina, and our special
1003
::[Robb]: guest Victoria, thanks for listening.
We'll talk to you later, guys.
1004
::[Tina m Garcia]: Bye.
1005
::[Victoria Camacho]: Thank you.
