#28 - Taking Refuge

:15 Intro to Libby Kyros who is a loan officer with Guaranteed Rate, her line of work, and tips for non W2 workers 2:07 Types of clients she works with and the process of helping them through the loan process 2:51 If the client needs guidance through the process financial goals are discussed  3:35 Her company offers a concierge refinance team 5:49 Being comfortable in your current mortgage payment is a priority  6:38 It's an incredible opportunity to be able to invest in real estate right now  8:00 Being denied the opportunity to refinance and the complex feelings around that 8:48 Being an independent contractor and buying a property and navigating write offs 9:50 Maine has lots of hidden wealth 10:20 Jumbo Loans 12:00 Coming from a long line of Mainers and learning from their financial mistakes  12:19 The Microsoft Regret 15:24: "Hey, I think we should build a house" conversation with her husband  16:28 "That's your Grandfather in you" feeling your intuition to make a decsion 17:24 You gotta take a little bit of risk 23:14 The difference between buying the first home and buying a second  23:30 Wrapping Up   Get in contact with Libby on Instagram All Ships Rising Website  

Subject Points:    :42 - Intro to Libby Kyros and her knowledge of interest rates 2:20 - Why are interest rates doing what they are doing?  3:30 - What is the federal funds rate?  6:45 - How mortgage rates are determined 7:50 - When is it best for investors to take a step back? 9:02 - When the stock market isn't great no one tells you not to put money in your 401 K 9:55 - If rates go down, not only will you have a better payment, property value goes up too 12:12 - Investing advisors will say, invest x amount every month, regardless of the market 12:58 - Benefits of owning a home vs renting 13:44 - The empowering feeling of buying a house on your own with your own money 14:20 - The spread of interest rates amongst credit unions 17:34 - Being fully aware of your mortgage rate options as a buyer  20:19 - Wrapping up Get in contact with Libby on Instagram

Subject Points:  :37 Introduction 1:30 Handling things head-on has been major growth 2:07 Taking inventory of loving people around you when things are tough 4:14 I hope this lifts your spirit 4:54 "Taking refuge" 6:45 Wrapping up   Resources Mentioned: https://allshipsrising.com/ High Yield Savings account: WealthFront – 5.00-5.50%! Legal Zoom  

Subject Points:    :22 Intro 1:00 Creating a will makes it easier for your family members when you pass 1:40 If you don't have a will it goes to probate 2:20 A will can take up to 10 minutes, legal zoom exists to help with this process.  2:25 People who bought a house 20 years ago, saw a huge increase in value 4:05 A trust can pass on a property that has gained value over time 5:30 A will is the cheapest way to give some insight into your finances to your heirs 7:04 A living trust makes the transfer much easier and requires less taxes to be paid 8:01 A living trust can also give gifts, taxfree 8:53 A will is not legally binding without two witness signatures  9:21 Start the conversation about finances as early as possible 10:22 Changes can be made to the will 10:55 The client I have who doesn't have any idea of their parents' finances  11:50 Bring up horror stories of friends who didn't have a will or any financial planning to educate others 13:22 Wrapping up Resources Mentioned: https://allshipsrising.com/ High Yield Savings account: WealthFront – 5.00-5.50%! Legal Zoom  

Subject Points: :21 - Intro 1:40 - Talking about manifestation in Istanbul 2:47 - Receiving the advice of waiting for what shows up 3:16 - Success that came with making a major decision 4:19 - Seeing the results of mental focus and committing to a vision 5:00 - The how to move forward when you are not good at making a decision 5:36 - Borrowing a friend's method of a manifesting journaling 6:36 - Being told others would bet on me, if I bet on myself 7:38 - Having gratitude for the friends who are further along than you 8:41 - Ladies & femmes we got to start betting on ourselves 8:47 - Wrapping up and notes from last week's episode   Resources Mentioned: https://allshipsrising.com/ High Yield Savings account: WealthFront – 5.00-5.50%! All Ships Rising Website  

Subject Points: :19 - Intro :56 - Empathic types can feel so many emotions beyond themselves 2:11 - As a child having a hard time figuring out which feelings were my own 3:39 - Realizing I was interpreting my dance teacher's nervous energy as mine 4:27 - Mentally imagining a space between self and others 5:10 - Realizing that most of the intense feelings weren't mine and I needed to create mental bubble 6:36 - Having a discussion with my neighbor and realizing the emotions can pass quickly after being aware of them 8:28 - I am my most agitated when I realize I have violated my own boundaries  9:30 - Realizing in difficult situations there are 3 options, be the victim, the martyr, or being in charge 12:40 - Women give so much, beyond what they can give 17:17 - Wrap Up   Resources Mentioned: https://allshipsrising.com/   High Yield Savings account: WealthFront – 5.00-5.50%!

Subject Points:    :26- 1:15 - Intro 1:45 - Trying to piece together the path forward 2:22 - Most people feel behind these days 4:03 - Mentally inhabiting a space keeps you stuck 5:02 - Indecision is the killer of abundance 7:20 - Feeling healthy in my body took priority 8:40 - There is a lot of pressure on wealth-building in society 9:28 - The feeling of guilt exists when we do things for our good  11:11 - I could nitpick my history, but it all worked out 14:11: The decision to buy a house is a big decision 14:47 : Wrap up   Resources:  [email protected] High Yield Savings account recommendation: WealthFront – 5.00-5.50%!  

Subject Points:  3:00  - What red flags should I walk away from? 4:00 - There's a solution to everything! (But you might not want to pay it) 5:30 – How can you tell a property can make money? Looking at the most conservative situation in terms of rental income. 7:00 – Prioritizing what will optimize the efficiency of the building "Is someone going to pay you more rent for that?" – Good question to be asking yourself 9:15 – being strategic about turnovers and renos during the turnover time qq:30 – Renovating, doing it right. Balance of affordability and durability. 13:30 – Things you've learned from being a Landlord – being intentional, thorough lease which is vetted by a lawyer. 16:00 – Picking up the phone and talking to people directly, getting to know tenants 18:30 – You don't have to get it right the first time.  20:00 – Women's investment group and optimizing costs and renovating current properties. 21:00 – Avail.com – system for landlords and rentals. 22:00 Portland Women's Investors Group (Instagram and Facebook).  24:00 Wrap Up   Resources: "We wanna work with you" Landlord to the tenant Portland Women Investors – Facebook [email protected] WealthFront – Savings Account offering 5.00% return

Subject Points: 1:-3:00 Intro to Kaili and NAR comments 4:30: Starting out – finding a more permanent place to live. Ended up with a 4 unit 6:30: Renovated one of the units, moved in, saved on rent and spent on renovating more units 8:00: Buying one property a year. Putting larger mortgage on several properties when rates were low, and pulling out equity to buy 2 more buildings. 9:45: LLCs vs Trusts. Commercial rates are adjustable. 10:30: Always sought financial council from trusted advisors about each large step. 11:30: How do I buy a second property if I own one property? How do I expand from here? HELOCs (Home Equity Line of Credit) 13:00 Banks will compete for commercial loans. There is more ability for a buyer to negotiate rates. 14:30: Math is priority one when buying a property. 16:00: LLCs or Irrevocable Trusts are ways of separating you from liability.  17:00 How much reserves should I have when I own one or two properties? Depends on condition and risk tolerance. 20:00 Wrap Up   Portland Women Investors – Facebook [email protected] WealthFront – Savings Account offering 5.00% return  

Subject Points:  :38 - Intro. 2:23 - Should I Buy with my Boyfriend?  2:36 - Reasons to partner with someone to buy. 3:15 -  Legal ramifications of buying with someone. 5:25 - Always seek legal counsel. 7:02 - Your home is potentially one of the most expensive purchases you will make.  9:02 - Savings to consider in addition to the downpayment.  12:49 - A condo as a first property. 13:30 - HOAs 19:00 - Wrap Up   Resources Mentioned: https://allshipsrising.com/ Vanguard or Fidelity Roth IRA account https://open.alliantcreditunion.com/products https://wealthfront.com https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z