• Episode 285: Building Skills and Resources for Success, with Kristi Service Nowrouzi

  • Oct 11 2024
  • Length: 47 mins
  • Podcast

Episode 285: Building Skills and Resources for Success, with Kristi Service Nowrouzi

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  • Summary

  • Kristi Service Nowrouzi has been in the real estate industry since she was 17 years old. Starting off as a part time receptionist at a very busy real estate office in her hometown, she quickly learned the ins and outs of the business. Just after high school, she got her real estate license with the intention of selling real estate. Unfortunately, self doubt and excuses got in the way and so Kristi went into property management. Fast forward a few years, she got her mortgage license and was a loan officer for 6 years until the global financial crash in 2008, where she pivoted into negotiating short sales for 4 years. Kristi also worked as a Realtor with Keller Williams and then a boutique firm in downtown Sarasota, FL. She knows just how difficult it can be to procure a lead and then bring that lead to a successful closing. Fast forward to current day, Kristi has over 12 years experience originating mortgage loans and partnering with Realtors, Divorce Attorneys, Financial Advisors and CPAs to serve their clients with a high standard of excellence. Having closed over $100,000,000 in loans and serving hundreds and hundreds of families, and working with hundreds of agents at all levels, Kristi has taken her years of experience and created a learning platform designed to propel brand new agents (and those with little guidance and training from their broker) to new heights of knowledge and confidence. What You Will Learn: Who is Kristi Service?Kristi shares diverse roles in real estate over 23 years.Kristi's current focus is on helping others through coaching and teaching.What is the importance of viewing failures as learning opportunities?The significance of personal growth alongside professional development.What are the common issues faced by buyers, particularly related to credit?Discussion on the mental barriers related to credit for various groups, including investors.Importance of managing credit ratios for maintaining access to credit.The distinction between installment loans and revolving credit, with emphasis on the risks of overutilization.Explanation of how revolving credit (e.g., credit cards) can negatively impact credit scores if overutilized.The concept of maintaining credit utilization below 30% to avoid penalties from credit bureaus.Strategy for building wealth by converting primary residences into rental properties over time.Benefits of bi-weekly mortgage payments to reduce loan terms and interest expenses.Types of investment strategies: ground-up construction, fix and flip, and buy and hold.What is the Burr method?Emphasis on hiring property management services rather than self-managing to ensure profitability and reduce stress.What is the Debt Service Coverage Ratio (DSCR) loans?Importance of surrounding oneself with a strong team, including accountants, property managers, and creative lenders.Kristi shares how everyone can contact him. Additional Resources from Kristi Service: Website: https://www.buildanagent.com/Email: info@buildanagent.comPhone: 407-590-4682Linkedin: https://www.linkedin.com/in/kristinowrouzi/Instagram: https://www.instagram.com/yourloansuperheroFacebook: https://www.facebook.com/KristiNowrouziYouTube: https://www.youtube.com/@yourloansuperhero6393 Attention Investors and Agents Are you looking to grow your business?Need to connect with aggressive like-minded people like yourself?We have all the right tools, knowledge, and coaching to positively effect your bottom line.Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation! Our NEW book is out...order yours NOW! Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg
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