The Brick buy Brick Podcast

Home Maintenance Exterior: Your Home as a 401k

In this celebratory 20th episode of Brick by Brick, hosts Kim VonDohren and Ed Marko dive into the importance of regular home maintenance to sustain and grow your home’s value. Drawing parallels between homeownership and a 401k, they emphasize the necessity of investing in both interior and exterior upkeep, starting this week with a comprehensive guide to exterior maintenance.
From inspecting your roof to maintaining your yard and gutters, Kim and Ed provide practical tips and anecdotes to help homeowners navigate the essentials. They discuss the longevity and care requirements of various roofing materials, the importance of regular gutter cleaning and driveway maintenance, and the need for diligent upkeep of windows, decks, and landscaping.
Whether you’re a first-time homeowner or looking to preserve your property’s worth, tune in to learn how a little maintenance today can lead to substantial wealth tomorrow.

Property Tax Appeals When Where Why & How

Join Kim Von Dohren and Ed Marko in an insightful episode where they delve into the intricacies of property assessment and property taxes, focusing primarily on Berks County, Pennsylvania. While the details may vary by location, the principles discussed provide valuable guidance for all homeowners looking to appeal their property taxes.
Discover the importance of understanding fair market value, common level ratios, and how they affect your tax bill. Kim shares her experiences from a tax appeal seminar, explaining the significant benefits that appealing your property taxes can bring, especially if your home was built new by you.
Throughout the episode, learn useful tips on gathering evidence for tax appeals, including utilizing comparable properties and obtaining professional appraisals. Whether you are seasoned in property matters or a newbie, this episode equips you with the knowledge to potentially save hundreds or even thousands of dollars annually on property taxes.

"Navigating the 3 Stages of Homeownership: From Starter to Golden Years"

This session delves into the three pivotal stages of homeownership that mirror life’s changing needs: the starter home, the big family home, and the transition to a smaller, more manageable home for your golden years.
Kim and Ed explore why holding onto a house longer than beneficial can become a burden rather than a blessing. They share practical advice on recognizing the right moments to transition from a large family home to something more suitable, emphasizing the importance of planning ahead to maintain financial stability and enjoy a worry-free retirement.
Embrace these insights to prepare for a future that adapts to your lifestyle changes and aligns with your evolving personal and financial goals. Join us in this thoughtful discussion about making informed real estate decisions that support your journey through life's stages.

Realtors and What They do for You: Beyond Opening Doors

Welcome to "Brick buy Brick: Building Wealth Through Homeownership," where hosts Kim Von Dohren, a dedicated realtor, and Ed Marko, an experienced lender, unravel the often-misunderstood role of a real estate agent in the home buying journey. In this episode, they guide listeners through what buyers can expect when purchasing a home, from initial interest to closing the deal.
Kim shares her approach to building trust with clients, ensuring they understand the step-by-step process of buying a home. She highlights the importance of looking beyond aesthetics to identify potential issues in a property, such as checking HVAC systems and looking for leaks. Kim also emphasizes the need for due diligence on the part of buyers, like reviewing the seller's disclosure document and considering a second viewing for more informed decision-making.
Furthermore, the episode delves into the nuances of negotiating terms with sellers and crafting offers that stand out in competitive markets. Ed and Kim also discuss the significance of the final walk-through, ensuring that the property is in expected condition before closing. This episode is a comprehensive guide for both first-time and seasoned buyers, reaffirming the indispensable role of a real estate agent in navigating the complexities of home buying.

Simple Living A Personal Choice

In this episode of 'Brick by Brick, Building Wealth Through Homeownership,' hosts Kim Von Dohren and Ed Marko delve into their personal choices of living in smaller, more manageable homes. They share the reasoning behind their decision to opt for simplicity and conservatism in their living spaces, despite having the means to choose more extravagant surroundings.
Listen in as they discuss the financial wisdom and personal satisfaction that come with maintaining small homes, emphasizing ease of upkeep, financial savings, and the joys of an efficiently utilized living space. Kim and Ed explore the concept that smaller homes can contribute more significantly to personal happiness and financial stability than larger, more demanding properties.
Discover how their living choices allow them to prioritize other life pleasures, such as travel and low-maintenance living, while still maintaining a welcoming space for family and guests. This candid conversation aims to inspire listeners to reflect on how their homes reflect their life choices and financial goals.

Investing in Real Estate Basics Part 7: Rentals Part 3: Tenant Selection

In this episode of Brick by Brick: Building Wealth Through Homeownership, hosts Kim Von Dohren and Ed Marko dive into the intricacies of securing reliable tenants. Drawing from over 13 years of landlording experience, Kim reveals her strategic and thorough process for vetting potential tenants, ensuring landlords avoid headaches and enjoy seamless rental experiences. From marketing properties effectively to setting stringent qualification criteria and handling red flags, this episode provides deep insights to help landlords master the tenant selection process.
Whether you’re a seasoned landlord or considering becoming one, tune in to discover tried-and-true methods for minimizing risks and maximizing satisfaction in property management.

Unlocking Wealth: How Homes Make Wealth

In this episode of "Brick buy Brick," hosts Kimberly Von Dohren RS#322207 and Edson Marko NMLS#1233441 delve into the significant wealth-building potential found in owning a home. They discuss how simply living in your own property can become a powerful financial tool over time, through mechanisms like appreciation and the accumulation of home equity.
Kim and Ed offer a comparative analysis between renting and homeownership over a 30-year period, demonstrating how owning a home can lead to financial gains. They highlight that while renting may initially seem cheaper, homeownership ultimately results in substantial net worth accumulation, thanks to long-term real estate value increases and equity build-up.
The hosts further illustrate how your home effectively becomes a financial asset, contributing significantly to your wealth portfolio, making it a crucial part of financial planning for anyone looking to secure their financial future.

Unlocking the Path to Homeownership: Are You Ready?

Join Realtor Kimberly Von Dohren RS#322207 and Lender Edson Marko NMLS#1233441 as they guide you through the essential steps to home-ownership in this enlightening episode of Brick buy Brick, Building Wealth Through Homeownership. This episode delves into the intricate process of purchasing a home, from understanding when it's the right time to buy, to the significance of becoming financially and psychologically prepared for this life-changing investment.
Discover the importance of pre-qualification, learn about managing your assets and understanding debt-to-income ratios, and gain insights into the hidden costs of home-ownership that go beyond the down payment. Whether you're a first-time home-buyer or considering upgrading to a new property, Kim and Ed provide valuable advice and strategies to help you make informed decisions. Tune in to ensure your journey to owning a home is both financially feasible and personally fulfilling.

Should You Pay Off Your Mortgage Early?

Join Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender, as they delve into the questions of mortgage management. Is it beneficial to pay extra on your mortgage principal every month? Discover strategies to potentially save years off your mortgage term and gain financial freedom sooner by understanding how early or additional payments work against your interests and term length.
Explore if paying off the entire mortgage is a smart move or not, especially when considering low interest rates versus potential returns on investments. This enlightening episode of "Brick by Brick" provides insights and clarity for homeowners, guiding them through principal payments, interest implications, and personalized strategies for wealth building through homeownership.

"Investing in Real Estate Basics Part 6: Rentals Part 2: Landlord the Buy-and-Hold Strategy"

In this episode of 'Brick by Brick, Building Wealth Through Homeownership,' hosts Kim Von Dohren and Ed Marko delve into the intricate process of rehabbing rental properties. They explore essential elements to consider when transforming a newly purchased property into a rental, such as determining costs, understanding market rent, and calculating potential cash flow. The hosts also discuss necessary maintenance planning, including updating functional systems and understanding common tenant issues. From flooring decisions to navigation of local regulations, this episode provides valuable insights for anyone looking to enhance their investment in rental properties.

"Investing in Real Estate Basics Part 5: Rentals Part 1: Landlord the Buy-and-Hold Strategy"

Join hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender, as they delve into the art of transitioning from house flipping to becoming a successful landlord. In this episode of "Brick buy Brick," learn the strategies behind purchasing, rehabilitating, and renting properties for long-term income and asset-building. Discover the nuances of location selection, renter desirability factors, including pet policies, and the importance of property durability over mere aesthetics. Gain insights into the rental market and practical tips for creating appealing yet functional rental spaces. A must-listen for aspiring landlords or those looking to expand their real estate investment portfolios.

Investing in Real Estate Basics Part 4: Flipping Part 2

Join hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender in this eye-opening episode of "Brick by Brick: Building Wealth Through Homeownership," where they continue their insightful conversation about the intricate world of property flipping. This episode dives deep into the critical aspect of inspecting a property, not just for its visual appeal but for its structural integrity, uncovering potential deal breakers like fractured foundations, asbestos, and rotten wood.
The hosts share their expert tips on how to identify tragic flaws that could turn a promising investment into a costly mistake. Learn why it's crucial to thoroughly walk through a property, both inside and out, examining everything from the condition of the basement to the state of exterior sidewalks, before making an offer.
Kim and Ed also discuss the art of negotiating with sellers, ensuring that you not only secure a good deal but also maintain a reputation for quality work in the real estate community. Whether you're a seasoned flipper or new to the game, this episode provides valuable insights and strategies to help you make informed decisions and succeed in the competitive world of real estate investing.

Investing in Real Estate Basics Part 3: Flipping Part 1

Join Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender in this engaging episode of "Brick buy Brick: Building Wealth Through Homeownership," where they dive into the intricacies of flipping houses. With their combined expertise as a realtor and banker, they emphasize the importance of self-education and hands-on learning for successful home flipping. Discover the essential skills needed, from basic plumbing and electrical work to the art of spotting potential properties.
Whether you're a novice or have some experience, this episode offers valuable insights into finding the right opportunities and understanding property values. Learn effective strategies for estimating repair costs, finding comparables, and navigating the complexities of real estate investments. Kim and Ed share real-world examples and practical advice to help listeners avoid common mistakes and maximize their profitability in the competitive world of house flipping.

Investing in Real Estate Basic Part 2: Funding Investments

In this episode of Brick by Brick, hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender, delve into the essentials of funding your real estate investments. Whether you're a beginner or looking to expand your portfolio, understanding where and how to source money is crucial. Kim and Ed explore popular methods like home equity lines of credit and cash-out refinancing. They also introduce concepts such as private and hard money lenders, providing listeners with a comprehensive guide to financing investment properties. This discussion prepares you for making informed decisions on how to leverage equity and borrow wisely to build wealth through real estate.

Investing in Real Estate Basics Part 1

Join hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 an experienced Lender, in this insightful episode of Brick buy Brick as they delve into the world of real estate investing. Discover their personal experiences, the joys and challenges of being landlords, and essential advice for beginners looking to start their investment journey. Learn strategies for flipping properties, buy and hold techniques, and how real estate can be a lucrative alternative to stock market investments. Perfect for anyone interested in building wealth through property ownership!

Self-Employed Income & Lending

In this episode of Brick by Brick, Building Wealth Through Homeownership, hosts Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441 experienced Lender, delve into the complexities of calculating self-employed income for home loans. Whether you're an entrepreneur, freelancer, or a commissioned employee, learn how your income can affect your borrowing potential and the steps you should take to prepare for homeownership.
Kim and Ed discuss the importance of filing tax returns, the impact of business expenses on your reported income, and strategies for maintaining a stable income that appeals to lenders. They also highlight the significance of finding experienced lenders and accountants who understand self-employed finances.
Discover how to navigate the mortgage world confidently as Kim and Ed provide practical advice and tips for those seeking to secure a loan while being self-employed. Listen for essential insights that could make your journey to owning a home smoother and more attainable.

Renovation Purchase Loans That Work For YOU

In this episode of "Brick by Brick," hosts Kimberly Von Dohren RS#322207, a seasoned realtor, and Edson Marko NMLS#1233441, an experienced lender, dive deep into the world of renovation purchase loans. They explore what renovation purchase loans are, who can use them, and why they might be the key to transforming a fixer-upper into a dream home. Special focus is given to the federally funded 203K loan, discussing its benefits and challenges, such as the requirement for an approved contractor and the federal bureaucracy involved.
Listeners will learn about alternative renovation loan options provided by banks, which offer more flexibility for both owner-occupants and investors, allowing borrowers to manage their own renovations or even perform the work themselves. The episode provides valuable insights into the complexities and rewards of financing renovations, emphasizing the need for honesty, self-awareness, and relationship resilience throughout the process.
Whether you're an aspiring homeowner or a seasoned investor, this episode offers practical advice and encouragement to explore renovation financing as a viable path to property improvement and wealth building.

Debt Elimination Methods: The Journey to Financial Freedom

Welcome to "Brick buy Brick, Building Wealth Through Homeownership," hosted by Kimberly Von Dohren RS#322207, a seasoned realtor, and Edson Marko NMLS#1233441, an experienced lender. In this episode, they tackle pressing questions about managing debt and the crucial steps towards improving credit. With insights from organizations like Neighborhood Housing Services and Money Management International, the episode explores strategies to transition from financial struggles to stable homeownership.
The hosts delve into the effectiveness of debt management programs, sharing practical tips on budgeting, prioritizing debts, and negotiating interest rates. They emphasize the importance of self-discipline and honesty in financial planning, offering concrete steps for paying off debt and securing a brighter financial future.

The Credit Score Game and How to Play to Win

Welcome to "Brick by Brick, Building Wealth Through Homeownership," where your hosts Kimberly Von Dohren RS#322207, a seasoned realtor, and Edson Marko NMLS#1233441, an experienced banker, delve into the intricacies of credit scores and their impact on your financial journey. In this episode, they explore common questions like "How does credit work?" and "Why does my number fluctuate?" Offering their combined expertise as a credit educator and lender, they demystify the credit system and share valuable strategies to enhance your score.
Discover how credit scores are like a game, where understanding the rules allows you to win. Learn about the three major credit reporting agencies - Equifax, Experian, and TransUnion - and how to access your credit report. The hosts also discuss the importance of payment history, amounts owed, and the types of credit used, unveiling the top factors influencing your score.
This episode is packed with real-life examples, actionable tips on manipulating your score, and insights on the broader significance of credit in areas such as insurance and employment. Whether you're aiming to purchase a home or seeking to improve your financial health, Kim and Ed provide guidance on making informed decisions and achieving financial success.

Home Appraisals and Inspections What are they and why are they?

Join Kimberly Von Dohren RS#322207, a seasoned Realtor, and Edson Marko NMLS#1233441, an experienced Lender, on "Brick by Brick" as they unpack the critical differences between a home inspection and an appraisal. In this episode, they delve into the nuances of what a home inspection entails, the importance of appraisals in the home buying process, and what to expect from an FHA appraisal inspection. Perfect for first-time homebuyers or anyone looking to deepen their understanding of property evaluation, this episode provides practical insights to navigate the complexities of real estate transactions confidently.