The R.E.I. Diamonds Show
The Real Estate Investing Podcast for Experienced Investors

How I’m Dealing with Record Interest Rates When interest rates rise, there is lower buyer activity in the market.  Supply & demand shifts slightly as the monthly payment for a certain price point increases slightly.  For example: $300,000 mortgage at 6.5% payment is $1,896.20 $300,000 mortgage at 7.5% payment is $2,097.64 As you can see, it now costs the buyer more money to buy that same $300,000 house. This reduces the number of buyers able to qualify for that home, even if only by a small amount. Add in the coming Winter market and we are looking at short term risk here of slowdown. Buyer activity drops each Winter AND Buyer activity drops as interest rates rise. While I believe

Today I will multiply my value a hundredfold. I will commit not the terrible crime of aiming too low. I will do the work that a failure will not do. I will always let my reach exceed my grasp. I will never be content with my performance in the market. I will always raise my goals as soon as they are attained. I will always strive to make the next hour better than this one. I will always announce my goals to the world. -Og Mandino “The Greatest Salesman in the World” I am now on Scroll VIII of The Greatest Salesman in the World. (regular readers remember I started back in April) This 100 fold increase has already happened

Ever had a property burn down? We recently had a fire in one of our properties and are in the middle of the insurance claim process. The insurance company’s goal, their business model, is to pay as little as possible. If you are in the middle of a claim, I suggest listening to both of these podcast episodes. If you own property, especially rental property, I suggest you listen to both of these podcast episodes. Most volume landlords deal with an insurance claim at some point during their career. Listen here. Property Insurance Nightmares (Andy Gurzak) Property Insurance Pitfalls  (Atty Galen Hair) Here, you can:  Buy Deals Here (48 Avail around the US) Loan Money to Fund our Fix &

Update on the House Search We have an offer submittted on a house set on 3 acres with a stream running through the back yard. It is a strong offer, above ask, no mortgage contingency, no inspection, and no septic inspection. Some folks on my team here at Diamond Equity are reading this right now, probably in shock, for my willingness to accept this type of risk. The lesson here-when the property is just right-you may have to offer more than you were comfortable offering-if you want to win. I’ll keep you posted on how this turns out.

How to WIN 2027 The real estate business is all about momentum. Deal cycles take 3-6 months on the quicker end (brokerage, house flips) and 5-10 years or more on many commercial development deals or even long term rental property. My team is buidling momentum for 2027 RIGHT NOW, in the middle of September because we understand how to create momentmum. Deal Timeline – Illustrates Deal Momemtum Here’s how this applies now, in Sept, to activate your deal flow for 2027. First, let’s map the timeline of a deal: Day 1 (Sep 26) – You learn about a deal Day 5-7 (Sep 26) – You’ve presented your offer Days 7-30 (Oct 26)  – If it’s a fast deal, you’ve negotiated

Lessons from a Top NJ Shore Developer Yesterday my wife and I attended a few Open Houses here at the shore. The sport of vacations here on 7 mile island IS real estate. Just after we arrived, one of the most prolific Jersey Shore developers walks in to check out the build himself. He did not build the house we were both walking through. I’m leaving his name out for privacy reasons, but you likely know the name & brand if you’re in Jersey or Main Line PA real estate. We chatted for a while and I came away with 2 lessons: Successful Business Operators are ALWAYS ON. Location, location, location First, let’s talk about ALWAYS ON. Here is a