The Double Comma Club

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Short Term Rentals Made Logical and Lucrative



We hear about owning short-term rentals. Many of us take advantage as we have started traveling again. Gone are the days when you could grab some random property in a decent area, furnish it with Goodwill furnishings, and make a profit after covering your mortgage. Listen as Nicole's guest Michael Vialpando makes it simple to understand how to do this, and enjoy the process.

What it Takes to Purchase a Home


What are the costs beyond the cost of the home you select? After you make an earnest money deposit, here are some of the costs and fees you can expect:

Inspection $450-600 Well, septic, sewer, radon may have additional fees.

Schedule the appraisal. $750 fee.

Title company $1000 - $1200 which includes lender fees - processing and underwriting fee.
All lenders have a fee. They may bend on it, depending on your interest rate. They are doing a service and need to be paid.

Setting up escrow - pay the full first year of insurance upfront. This can be rolled into the loan

  • 2-3 months of escrowing that insurance payment.
  • 2-3 months of your property taxes - which is an annual bill. A couple of months of buffer.
  • This could be anywhere from $7000 - $10,000 or more for those million dollars plus homes. Depends on the homeowner's insurance.

There are no more hidden fees - they all need to be upfront. They cannot go up, only down. 
Sometimes the seller pays for closing costs. VA loans could be with no money down. Call us if you have questions about your loan process for your next home.


Maximizing Your Investment Properties - the Bedroom to Bathroom to Square Footage Ratio

Maximizing Your Investment Properties

Do you currently own investment properties? OR Are you looking to begin your investment journey, but are hesitant due to low inventory? Well, we are here to tell you that deals ARE happening, and you CAN add exponential value to your real estate investment (or future investment). Jacob Mueller of Atlas Real Estate starts by explaining the differences and benefits of both ADUs and AFSs, as well as the rules, the effect on taxes, and more. But he mainly talks about maximizing your investment property with a simple math problem of the ratio of bedrooms and baths to square footage. We all are paying more for every piece of real estate. Get the most out of it now and in the future when you sell it. We know the level of commitment & financial assets needed to invest in real estate, so it's okay that the process comes with a bit of hesitation. But, there are plenty of options available for you to start with one or modify your current strategy that will add value to your property.

Jacob Mueller is an experienced owner/professional with a demonstrated history across several industries including real estate, marketing, and software. Having grown up in the Pikes Peak region, I'm currently serving my clients' investment real estate needs with the outstanding Atlas Real Estate team.

How to Buy and Sell Your Home at the Same Time

How to Buy and Sell Your Home at the Same Time

We know just how stressful deciding to purchase a home can be, especially when you're already a homeowner! It can be nerve-wracking to think about purchasing a new home when you have hundreds of thousands of dollars already in your current asset...


When it comes to buying and selling at the same time, or even purchasing before you sell, it is all about strategy and diving into the details. Sellers are in a very strong position in our market right now, so buyers who also have listings on the market have to come up with a strategy to make their offer stand out.

Join Nicole Rueth and Justin Knoll as you are given options to simplify this coordination.

The Cost of Waiting in Real Estate


There is a lot of math in this episode, important math. Listen while Nicole walks you through the cost of waiting to purchase a home, especially if you are currently paying rent. The last 18 months of everyone's lives have been exhausting. But putting off purchasing a home shouldn't be one of the things falling to the wayside. If you've been on the fence, now is the best time to buy. Why? It's not just because interest rates are low, it's because of the two-fold effect of appreciation and principal reduction. No matter how good of a deal you have on rent, you're not getting the best bang for your buck or making the most of the roof over your head. In fact, you'll lose out on quite a lot by waiting. But just how much...? 

Learn more about building wealth through real estate on Nicole's YT Playlist: 

How can you capitalize on Real Estate to Help Pay for College


Use Real Estate to Pay For College! First-time homebuyer and investment property purchase.

  • How can I use equity to pay for college?
  • When should I start investing?

Nicole's personal experience.  She had three in college at the same time - one graduated, two are still in. At 20, Nicole's two boys were able to purchase their first homes. They bought income property where they could live, and then become the landlords and rent out the other rooms in their homes to not only pay the mortgage but to help with cash flow.

Each home cost $400,000  with a 3% down as first-time homebuyer or could be done using downpayment assistance.

If you put less down, you'd still cover the mortgage with the income, but maybe not as much pocket money.

You can use your own home equity to purchase investment properties do follow this same model and cover room and board, and increase your real estate portfolio. Consider this option instead of a 529 plan. That home you purchase for your child when they are born could appreciate over the next 15-18 years and will pay for college, or a whole lot more using the rental income and principal reduction. It could help pay for their first home and even their wedding, PLUS their education.

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What You Need to Know About Debt to Income Ratio


What is debt to income ratio? Which is different than what is my monthly budget. All right? Because I really want to just land there just for a second. Because it's super important that when you're going out looking for a home, you've identified what is that monthly number, that monthly payment that fits with the rest of your lifestyle? Because it's really easy to fall in love with a house that's higher than your budget. I mean, the higher you go, the prettier they get. Right? But that might not work with the fact that you want to start a family. You want to buy a car. You want to go on vacations. Maybe you want to build up investments to secure your financial freedom and retirement. All of those things should be talked about, discussed with your lender. Bringing in all the other things about your life to ensure that you pick the house payment that allows you to have a life, not just live in a home. Lisren to this episode to get the full story and why you need to know its affect on your credit score.

5 Important Things You Need To Know About Your Personal Credit Score

Do you know what goes into a credit score? We're going to be going through a five-part series to share with you what you need to know.


What makes a credit score?

Let's start off with the five factors that can ultimately affect your score: payment history amounts owed, length of history, credit mix, and credit inquiries for new credit. The first three go hand in hand. Your payment history will appear in your credit report for all of your open and active trade lines. Payment history demonstrates how you were able to manage your debt over a period of time. Paying your bills on time consistently yields a higher credit score, and in turn, allows you to borrow more money.

Additionally, the longer your history of consistency exists, the higher your score will be. I mean, this is important, because while you're shopping for a home, do not close any accounts as that cuts your history short. Also, keep your balances low, ideally below 30% of the credit limits and make sure above all else, keep making your payments on time. I mean, if you're looking to purchase a home, now is not the time to miss a payment. Even if it's by accident, a missed payment can drop your score by as much as a hundred points.

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First Time Home Buyer, who do you talk to first, your lender or your realtor?


Purchasing your first home is a major accomplishment .. it’s also stressful, daunting, and overwhelming!  Knowing exactly where to start the journey to homeownership will allow you to optimize the most of your available time, money, and energy.  So first steps first... do you talk to a real estate agent or lender first? 

If you are a first-time homebuyer, you may not even have those names to fill in the blanks.  The best practice is to start with people you trust. Who in your life do you know who is a realtor, a lender, or maybe someone who just purchased a home and had a great experience?  These initial contacts might not be where you land, but picking their brain on why they liked working with their team can give you a good direction to start from. 

As a lender, I want to say everyone should first dial in their credit availability, payment budget, and optimal purchase price before looking at homes.  But sometimes people get excited... I get it. Looking at homes is a lot sexier than talking about financing.  But the last thing you want is to find the perfect home $25,000 outside of your budget.  You will also want to find a realtor who specializes in the type of home or location desired. Let's take Denver Metro for example. You would think anyone can go anywhere, but looking at horse property with a well and septic, versus condos downtown, versus multiunits in the suburbs can take a different skill and a focused search.   Talk to your agent openly about what is important to you to ensure there is a match. 

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Biden Harris Proposed Tax Laws Effect on Consumers from Tracey Wilson

Biden Harris Proposed Tax Laws Effect on Consumers

The table below is taken from Tracey Wilson's presentation at the Agent Ignite session. These are derived from his research. If you have questions, please visit his website. This is the BIG RED button he talks about in this presentation.

Here is the PowerPoint from this presentation.

Here are a few points covered:

1)American Rescue Plan: $1.9 trillion for COVID Stimulus Package

  • Passed even though $800 billion of the previously passed $2.2 trillion CARES Act (passed 3/20/20) had not been spent yet

2)American Jobs Plan: $2.3 trillion for infrastructure

  • Raise the corporate tax rate to 28%
  • Increase the global minimum tax paid to 15%
  • Impose a corporate minimum tax on book income
  • Eliminate tax benefits for the oil and gas fossil fuels sector
  • Increase corporate tax enforcement

3)American Family Plan: $1.8 trillion for universal pre-K, free community college, SLD $50K forgiveness, paid family leave

  • Raise individual income taxes
  • Raise cap gains tax rate
  • Increase estate tax
  • Limit step-up in basis

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