Money Rehab with Nicole Lapin
A Masterclass on Making Big Money in Real Estate with THE Barbara Corcoran
25 Nov 2024
There’s a whole lot of bad "financial advice" on TikTok — especially when it comes to real estate. Today, Nicole goes through some of these hot trends with THE real estate expert Barbara Corcoran. They talk about which hacks are true… and which are totally BS. They also talk about which celebrities need to get realistic about their wild real estate listings, how often Barbara checks her bank account and which of the Sharks on Shark Tank Barbara would start a business with. For more Barbara, join her community Barbara In Your Pocket: https://www.patreon.com/BarbaraCorcoran
Full Episode
I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. There's a whole lot of bad financial advice out there, especially when it comes to real estate. I see real estate hacks on TikTok all the time that literally make me want to throw my phone across the room and some that are totally legit and super helpful.
So today I'm going through some of these hot trends and tips with the real estate expert, Barbara Corcoran herself. We talk about which of the hacks are true and which are totally BS.
but because it's barbara we couldn't just talk about that we also talked about which celebrities need to get realistic about their crazy real estate listings how often barbara checks her bank account which absolutely shocked the hell out of me and which of the sharks on shark tank she would want to start a business with here's barbara barbara corcoran the queen the one and only welcome to money rehab that's a nice introduction i like the way it sounds wait you don't get the queen at every podcast you go to
No, no. I used to. I ran my brokerage business. People readily called it if they wanted to raise or want to impress me. All the politicians that worked for me, I never promoted them.
Even when they called you queen?
No, not at all. Dead giveaway. That's a queen move.
All right, let's go to real estate. I saw you recently say that if someone's sitting on the sidelines waiting for interest rates to drop before they get into the real estate market, they could be making a very expensive mistake. Can you explain what you meant by that?
Of course, you either pay the bank a higher interest rate, like right now that people are complaining about, or you pay a homeowner a higher price. When interest rates go down, prices always shoot up. And then even worse than that, more insulting, is you compete with two, three times as many buyers. So it's so hard to get what you want.
So I think the sooner somebody gets in the market, ignores the rate, you can always refinance later. It doesn't always make sense immediately, but there's always a point where it makes sense. The smarter you are. And the other reason I think you have to get in the market is I just feel always that people have to get in the game. If you're not in the market, you have no chips to play at the board.
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